Medici Choir Report of the Trustees and unaudit¢d financial statements for the ycar ended 31 August 2025 Registered Charity number l 182785
MEDICI CHOIR Report of the TTUStees and unaudited financial statements 31 Augu* 2025 CONTENTS OF THE FINANCIAL STA'fEMF.NTS 'OR THE YEAR ENDED 31 AUGUST 2025 Report of ihe Trustees 2to4 Statement of Finan¢ial Activities Balance She¢t 6t07 Notes to the Finan¢ial Statements 81010 Independent Examiner's Report Re8isier¢d Charity Number 1182785
MEDICI CIIOJR R¢port of th¢ TTUStce5 and unaudited financial si&temenis 31 Avgu5t 2023 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present the report with the fJnan¢ial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) applicable accouniing slandards. The accounts have been prepared on an ongoit)g basis. The charity meets the definition of a public benefit entity under FRS102. No resiatement was required in making the transition fo FRSIO2. REFERENCE AD4D ADMINISTRATIVE DETAIiS Registered Charity number 1182785 A new Charitable incorporated organisation was established on 3 April 2019 Charity Number 1182785 to replace the original charity number. All the assets of Chariry NuTnber 1014229 were transfeed over on 1st September 2019. Registered 0(re 33 Kenway Road London SW5 ORP Trustees S Graham P Cook V Dearing C Double K Fuller R Grimshaw S Hall Resigned 7 October 2025 Appointed 7 Nov¢tnber 2024 AccountAnts Michael Srnith & Co 90a Walm Lane London NW2 4QY STRUCTURE. GOVERNANCE AND MANAGEMENT Governing docurnent Th¢ charity is controlled by its constitution constitutes a charitable incorporated organisation. Recruitment find appointrneNt of new trust¢e5 Any new appointments are at the recommendation of the trustee5. Induetion and trnining of new trustee5 All new ITUStees are given, ID the view of the L)oariL sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply wilh the clwity's current views of its progression. They are required to be aware of Ixkth legal and professional responsibilities Under charity and company law. R¢gisltred Charily NumbeT 1182785
MEDICI CHOIR Report of th¢ Trustces and UTmudiW] fLtLbnci8] skatem¢nts 31 Augthst 2025 REPORT OF THE TRUSTEES- CONTINUED FOR THE VEAR ENDED 31 AUGUST 2025 Organiution&l structure The charity is run by ihe trLStees and has no employees. Related parties There are DQ related parties. Risk management The mjstees have a duty to identify and review the risks to which the charity is exwsed and to ensure 4)propriale controls are in place to provide reasonabl¢ assurance against fraud and error. OBJEcfivES, ACTIVITIES AND PUBLIC BENEFIT Charitable Objects The charity exists to promote, improve, develop and maintain public education in appreciation of the art and sciente of choral music in all it5 aspects by the presentation of public choral concerts and by such other ways as the CIO through its charity trustees shall d¢t¢rrnine from time to time. Aims and Strktegles to Achieve Objects and Extsnd Public Benefit The trnstees confirni that they have complied with their duty under Section 4 of the Chariiies Act 2006 t(> have due regard for the public benefit. Over the year. the trnstees set out their plans to increase and maximise the value of th¢ ¢hatity'S work and as5et5 for this purpose. identifying a number of streams of work intended to achieve that increase. The public benefits d¢livered by the ¢harity'S work and plans for Cuent and future operations are as laid down in the following section, Achievement and Perfonnance. ACHIEVEMENT AND PERFORMANCE Rehearsals & CoDeerts Terni tiTne weekly rehearsals in Covent Garden (Church of Scotland Hall) during thi5 period were well attended 2nd, for those unabl¢ to attend in person on occasion, we recols¢d the benefii of a Continued Zoom connection to rehearsals. Public perfomian¢es each term continue to be embraced by Medici Choir. This 2024125 season was less experimental than the last season but nevertheless offered a diverse programme which was approached by all wilh gr¢at enthusiasm and dedication resulting in each concert being extremely well received by our audience. For thi5 W¢ that ineinbership, our Musical Director and rehearsal accompanists. The winter concert progratnme focused on St Nicholas, resulting from the perfomiance falling on St Nicholas, Day,. Spring provided opportunity to perforni Hummel for th¢ fIt time i London since it Thas written in the edrly 1800$, a cherished pi¢c¢ of our Musical Director's which he helped to translaie; and for our Summer ¢on¢ert we hoped to build ot] the su¢¢e5s of our 2023 perforn]ance of Will Todd's Blue, one of our most successful eonc¢rts to dat¢, by undertaking another TThld pie¢¢'. pn-pv. On 31 March 2025, Will Todd lcd a workshop at St Gabriel's, Pimlico. Thi5 was an investment, but trust¢e5 felt would be a 8reat b¢n¢fht to the cboir as we were perforniing pv for the first time in the UK. The previous year's flnancial Statements reported significant uplifts in ¢05ts a8soci*d with ¢oneerts aDd we have continued to experience this during the 2024125 s¢asoll. This irend is expected to continue. Regislered Charity Nutnber 1182785
IEDICI CHOIR Report of the Trustees and unaudikd finsncial staiem¢nts 31 Au8USt 2025 REPORT OF THE TRUSTEES- CONTINUED FOR THE YEAR ENDED 3J AUGUST 2025 Membership lrtcorne frorn membership has fallen from £1 1.400 in the previous f]nancial year to £10,214 for 202412025. We continue to ¢ncourdge rnember5 to recruit for rehearsals in the new financial year. While we've seen a continued support frorn existing. returning and new membership acT05S the sea50n. we have eXrienced an overall reduction in membership numbers which affects our musical balance. rinances and ability to plan future seasons. We are pleased that our bass section has increased and welcome the continuation of bass support across the full season. Key perforrnance events The Charity gave a public perfom)ance the end of each terni and a supplementary ¢harity carol con¢¢rt in DeC¢mr 2024. These were.. A C¢lebrJtion of St Nicolas - Haydn MEssa Sancti Nicola¥ and Britten Saini Nicola5 in Holy Trinity Sloane Square (6 December 2024) Charity Carol Concert at the Royal Society of M¢dicine {19 December 2024) Hummel Crossing oftke Red Sea and Mozart C Minor M(L¢3 in Holy Sepulchre Holbom Viaduct 15 ApTiI 2025) Will Todd m = pvand Bernsi£in Chiehuier Psulms in St Gabriel's Pimlico (27 June 2025) Our bursary sin¥er from 2023124 season rejoin¢d us during 2024125 season supporting learning within weekly rehearsals and lending her vocal talents to solo perfomiance% in two of our main concerts. FINANCIAL REVIEW The Financial S(atem¢nts show a net decrease in funds of £13.676 (2024.. decrease of £2,825) in ibe year after expending £37,379 (2024.. £36,944). making total fund5 carricd forward of £12.467 {2024.. £26.143}. Re5erv¢s ptjliey The charity has set a reserves policy that provides financial stability and th¢ means for the d¢v¢lopmeni and improvement of its principal activities. Surplus llds are held on bank deposit. The charity regularly reviews the amount of reserves that are required to ensure that th¢y are adequate to fi]Ifill continuing obligations. The ¢harity considers the present lewel of fullding and reserves is adequate to support the charit)i's activitie$ for the short tertn. and the trustees ¢onsider the financial posilion of the charity to be satisfactory, however it is raising its membership fees in the forthcoming year to help fund ever increasing costs and looking at fundraising ideas so that it Can continue to fund exciting new concerts. Patti Cook On behalf of th¢ Trustees Re8iSt¢red ChJrity Nwnbcr I 182785
MEDICI CHOIR Rcport of the Trijsiees and unaudircd tinanci81 staiement 31 Augus121125 INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 UMrestri¢ttd R¢stricted funds funds 2025 TotAI fund$ 2024 Totsl Funds INCOME Membership wbscriptions Donations Gift aid Concert ticket sales Music scores Functions Sundries Interest ¢amings 10,214 212 2.510 9,518 10,214 212 2,510 9.518 11,400 56 2.237 13,700 3,956 872 1,414 484 884 884 365 365 Total income 23,703 23,703 34,119 EXPENSES Expendilure on rgi5ing funds Rehearsal expenses Workshop Expenditure on ¢harltable actiyities cOnrt expens¢5 Function5- Charity Carol con¢¢rt Bursary paytnents GovernaDce costs Other 12,497 570 12,497 570 11.373 799 21,529 884 40 932 517 21,529 884 450 932 517 21,920 872 300 817 863 404 Tot81 expenses 36,975 404 37,379 36,944 Net Thoyement IN funds 113.272) 1404) (13,676) (?,825) RECONCILIATION OF FUNDS Total funds brought forward ?5,739 404 ?6,143 ?8,968 12,467 12,467 26,143 TOTAL FUF4DS CARRIED FORWARD Eiegistered Chority N'umber 1182785
MLDICI CHOYR Report of the Trusle¢s and un2udit¢d finan¢ia] statements 3 1 August 2025 BALANCE SHEET AT 31 AUGUST 2025 Notes Unrestrlcted Restricted funds funds 2025 Total funds 2024 Total funds CURRENT ASSETS Debtors: amounts falling due within one year Prepayments Cash at bank and in hand 872 650 26,419 549 12,817 549 12,817 13,366 26.941 CREDITORS Amounts falling due within one year 899 899 798 899 899 798 NET CURRENT ASSETS 12,467 12,467 26.143 NET ASSETS 12,467 12,467 26,143 FUNDS Unrestrided fund5 Restricted fundg 12,467 25,739 404 TOTAL FUNDS 12,467 26,143 The notes fomj part of these financial statements. R¢gistered Charity Number 1182785
MEDICI CHOIR Report of the Tnjstees aJLd unauditcd financial stat¢mtnts 31 Au8USt 2025 BALANCE SHEET - CONTIIYUED AT31 AUGUST 2025 The chariiable iDcorpornted organisalion is entitled to exempiion from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025. The tN5tee5 have not required th¢ charitable company to obtaiTb an audit of its falleal statements for the year ended 31 August 2025 in accordance with Seclion 476 of the Cotnpanies Act 2006. However ID accordance with Section 145 of the Charities Act 2011 the a¢counts have be¢D examined by an Independent Examiner whose report is on page 15. The ttee$ acknowledge their responsibilities for {a) ensuring that the chariiable eompany keeps accounting records that comply with SectioD$ 386 and 387 of the Companies Act 2006 and (b) preparing financial siatements which give a true and fair view of the stste of affaits of the ¢haritabk company as at the end of each fmancial year and of its surpllls or deficit for each fmancial year i accordante with the requiyements of Sections 394 and 395 and which otheNise comply with the requirements of the Companies Act 2006 relating io financial statem¢nts, so far as applicable to the charitable company. These financial statemenis have been prepared in accordance with th¢ special provisions of Part 15 of the Companies Act 2006 relating to small charitsble companies. Th¢ financial statements were approved by the Board of TNste¢s on 8 October 2025 and were signed on its behalf by= Patti Cook Tr&urer and Trustee R¢gistered ChariLy Number 1182785
MEDICI CHOIR Report of the Trustees and unaudited fin¢18] stat•nents 31 Auguu 2025 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Accounting conventio The financial 51atern¢nts have been prepaTed under the hisiorical cost convention with iiems r¢¢ognised at cost or transaction value unle55 Otherwise slated in the relevant notes. The fmaneial staiem¢nts have been prepared in accordance with the Statement of Recomina)ded Practice.. A¢wuniing and Reporting by Charities preparing their accounis in accordance with the Financial reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {¢ffecuve l January 2015)- (Charities SORP- FRS102} and the Charithes Act 2011. ID¢omlng r¢50urees All hncomiu8 resources are included on the Slate¢t of Financial Activities when the charity is legallj. enlitled io the income and the wnount Can be quantified with reawnable aceuracy. Resourees expended Expenditure is accounted for on an accnthls basis and has been classified under headings tha¢ aggregate all cost related to th¢ category. Where costs cannot be directly attributed to particular headings th¢y have b¢en allated to activities on a basis consistent with the us¢ of resources. T#xatlon The charity is ex¢mpt from ¢orpordtiOD tsx on its charitable activiti¢s. Fund a¢¢ounting Unreslrict¢d ndS can be used in accordance with the charitable objKtives at the dis¢retion of the trust¢¢s. Restricted funds can only be used for panioular restrict¢d PLW)oses withi[] the objects of the charity. Restrictions arise when specified by the donor or when fwid5 are raised for particular restricted purposes. Further explamation of the nature and purpose of eath fimd is included in the notes lo the financial statemenis. EXPENDITURE Expenditure on rnislng funds- rehearsal eosts 2025 2024 Musical direthor & pianist payments Rehearsal venue donations Rehearsal refreshments 9,220 2.887 390 8,349 2,505 519 12.497 11,373 Regisl¢Ted Charity NumbcT 1182785
MEDICI CHOIR Report of the Trus1ees and unaudited fillancial stst¢mellts 31 Au81]st 2025 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR Ef4DED 31 AUGUST 2025 TRUSTEES, REMuf4ERA TION AND BENEFITS There were no trustees, remuneration or other benefits lor the year ended 31 August 2025 nor for the year ended 31 August 2024. Trv$tees' Expenses There were no trustees. expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. DEBTORS AND PREPAYMENTS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 tkbtors . Functions- RSM charity conc¢rt PrepaymenlS- depositg church hire 872 650 549 549 1,522 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Summ¢r conLert & pianist costs Independ¢nt Examine$ fee Gift aid Prepaid membership subscriptions 300 498 476 343 899 798 MOVEMENT JN FUNDS At I Sept 2024 Net movement In funds At 31 August 2025 Unrestricted funds General fund 25,739 {13,272) 12,467 Restricted funds 404 {404} TOT AL FUNDS 26,143 (13,676) 12,467 R¢&iaered Chariiy Number 1182785
P¥lEDICI CIIOIR Df Ihe Tru51Le5 and urtaiidil¢d firtancial $IteMentS 31 August ?025 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED31 AUGUST 2025 MOVEMENT IIY FUNDS {CONTINUED) Net movements in fimds, included in the above are as follow5-. Illeoming resources Resollrces Movement in expended funds Unrestricted funds General fund 23,703 37,379 (13,676) Restricted fuDd5 TOTAL FUNDS 23.707 37,379 (13,676) TRUSTEES AND OTHER RELATED PARTIES No payments were made to trnstees or any person5 Connected with them during this financial year. No material trdnsaction took place bee¢n the organization and a trust¢e or any person ¢onn¢cted with them. RISK ASSESSMENT See Report of the Trustees RESERVES POLICY See Report of the TTUStees io. PUBLIC BENEFIT The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aim5' that ate for the public benefii. Detgils of how the charity has achieved this ore provided in the Report of the Trustees. The trustees Conf that they have paid due regard to the Charity Commission guidance on public benefit befor¢ deciding what a¢tiviti¢s the charity should undertake. R¢&istered Chariiy Number 1182785 10
MEDICJ CHOIR Report Df th¢ Trustets and unaudited financial ststements 31 Augu 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES CLIEf4T'S CERTIFICATE I certify thai to the best of rny knowledge at)d belief the accounting records produced tQ8ether with the explanations given to Michael Smith & Co ar¢ a true and correct r¢cord of the above business for the year ended 31Y August 202f. and I confinn th they have my approval. Patti Cook Tre&surer and Trustee Date- 0811012025 ACCOUNTANTS REPORT From th¢ inforn)ation and explanations rec¢ived from the officers of The Medici Choir we hav¢ prepared. without audit, th¢ th)ve accounts. Michael Srnith & Co 90a Walm Lane London NW2 4QY Date=If/ior2025 MICHAEL SMITH & CO 90AWALM LANE LONDON NW2 4QY TIL.. O?.0 8451 S870 Regis¢¢r¢d ChdTily Number 1182785