Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
**Charity registration number 1188269 (England and Wales)**
## **THE MARIAN CONSORT**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Guy Farmer Harry Hickmore Edward Hossack Zoe Lai Morgan Simes Eleanor Ward **Charity number (England and Wales)** 1188269 **Principal address** 25 Sherrards Way Barnet London EN5 2BW **Independent examiner** Tom Wilcox Counterculture Partnership LLP 23 St Leonards Road Bexhill-on-Sea East Sussex TN40 1HH
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Statement of financial position|6|
|Notes to the financial statements|7 - 15|
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
The trustees present their annual report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
The objectives of The Marian Consort (TMC) are the advancement of the arts and culture, and the education of the public in the art of music in particular but not limited to choral singing for the public benefit by: a) the presentation of concerts and other musical activities (including recordings) and by commissioning new works; and b) training and coaching for those from all demographics and age groups (particularly but not exclusively for young people).
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging. The Marian Consort relies on a combination of statutory grant income, earned income, and fundraised income to cover its costs.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
_Significant activities and achievements against objectives_
## **Performance Activities**
The year ending 31 August 2024 was a busy period for The Marian Consort, with increasing levels of activity across the UK and internationally.
We continued a two-year period as Ensemble in Residence with Music at Oxford, a relationship that includes concert presentations, commissions and creative engagement work. We appeared twice at London’s Wigmore Hall, as part of a day dedicated to composer Laurence Osborn, and later in the season with violinist Daniel Pioro. We returned to our artistic homes at Dunster Festival and in Norwich, where we continue to build profile and local following. We made appearances at a number of renowned UK summer festivals including Aldeburgh, Cheltenham and Ryedale. International engagements included a tour of the US, including performances at Duke University and Music Before 1800; our debut in Italy at the Ravenna Festival; performances in Croatia and Germany.
The Marian Consort continues to commission widely and champion new music. We presented ‘Spare Parts’ by Laurence Osborn at Wigmore Hall; new works by Tom Coult at Aldeburgh Festival; commissions by Laura Cannell and Leo Chadburn as part of our programme ‘Language of Flowers’. We joined forces with Britten Sinfonia for a concert exploring Carlo Gesualdo. We recorded two albums: ‘Una poesia muta: Art in Early Cinquecento Venice’ inspired by an upcoming exhibition at the Staatsgalerie Stuttgart; and ‘Music from the Dunkeld Partbooks’. Both will be released with Linn Records in the coming years.
TMC launched a new project, Seeing through Sound, exploring connections between Renaissance visual arts and music. Developed with Professor Tim Shephard (University of Sheffield), the launch took place at the V&A Museum in London to a full house and great audience feedback. The performance also featured the world premiere of a new work commissioned for the programme by Barbara Monk Feldman, inspired by a work by Fra Angelico.
We released our fifteenth recording, ‘A Winged Woman’ with Linn Records, which featured seven works commissioned by TMC. It received excellent reviews from UK and international press, with Choir & Organ saying “This superbly executed and beautifully recorded album of contemporary vocal music...entirely restores one’s faith in the future of concerted vocal music. Rory McCleery and his colleagues are to be applauded for such a fine addition to their already significant discography.”
Alongside the highlights above, TMC also performed at Music@Malling in Kent, Lammermuir Festival in East Lothian, the National Centre for Early Music in York, Cambridge Early Music, and in Penzance, Little Missenden and elsewhere.
- 1 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **Fundraising Activities**
TMC continued to be successful in raising funds and building relationships with funders during the period covered by this report. Towards the end of this period, we had confirmation of two key multi-year grants: a grant of £75,000 from the John Ellerman Foundation to support staff costs and commissioning over three years; an invitation to join PRS Foundation’s Talent Development Network, with funding of £10,000 per year for three years. TMC also received significant support from the University of Sheffield in support of ‘Seeing through Sound’, as well as key grants from the Maria Björnson Memorial Fund and the Marchus Trust.
## **Management**
The Marian Consort conducts its business with staff working remotely from home.
## **Development of the CIO**
Next steps for TMC include the following:
- continued scaling of the reach and artistic quality of our performance work, with a tour to the US (November 2024) and our debut in the Netherlands at Musica Sacra Maastricht; the release of our new album ‘Una poesia muta: Art in early Cinquecento Venice’, made in partnership with SWR Kultur and Staatsgalerie Stuttgart; continued development of relationships with partners and communities across the UK.
- Returning to the Royal Conservatoire of Scotland in Glasgow for a residency including a public performance and workshops with singing and composition students.
- the development and growth of our commissioning programme with the launch of a new talent development programme for emerging composers.
- building on fundraising and development capacity and financial resilience.
## **Financial review**
The charity achieved manageable financial result during the period of this report, resulting in a deficit of £19,583 compared to last year's surplus of £22,758. There continues to be growing demand for the work of The Marian Consort, with earned income growing by 42% and the trustees have reflected upon a link to project expenditure during the year of review as part of the ensemble’s touring programme in the year reported and subsequent reporting periods. The basis for review is also reflected in the independent examiner’s report. The trustees also determined to assess travel expenditure as part of the cost of charitable activities in order to provide themselves with information against which to monitor costs in line with strategic aims for increased performances and touring across the UK and internationally.
On 31 August 2024, the balance of our unrestricted Funds was £19,781 (2023: £44,864), and the balance of our restricted Funds was £31,000 (2023: £25,500).
## _Reserves policy_
Reserves are needed to bridge the gap between spending on projects and recordings and receiving resources through concert fees and grants that provide funding. The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. The current level determined (devised to cover the CIOs liabilities for a period of three months) is £12,000.
The Marian Consort aims to make a small surplus through its engagements. It is intended that any such surplus will be used to ensure that the reserves policy is maintained. Additionally, it is intended that any such surplus will be used as a contingency fund in order to effectively manage any deviations in budget expectations, including bad debts, or to assist in maintaining a positive cash flow balance if required. Following this, the trustees have a policy of retaining no further reserves than are necessary to meet estimated future commitments of the charity.
The actual reserves at 31 August 2024 were £19,781.
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust. The Marian Consort is a Charitable Incorporated Organisation, and is governed by its Constitution, dated 2 March 2020. It is registered as a charity with the Charity Commission. Applications for membership must be approved by the trustees. At the time of 31 August 2024, there are six trustees, none of whom have any financial liability in the event of the charity winding up.
- 2 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
The trustees who served during the year and up to the date of signature of the financial statements were: Guy Farmer Harry Hickmore Edward Hossack Zoe Lai Morgan Simes Eleanor Ward
## _Recruitment and appointment of trustees_
As is set out in the Constitution, there must be at least three charity trustees, and no more than twelve. Every trustee must be appointed at a meeting of the existing trustees, for a term of five years. New trustees can be recruited at any time, and retiring trustees are eligible for reappointment.
## _Induction and training of trustees_
The charity trustees will make available to each new charity trustee, on or before his or her first appointment, a copy of the constitution and any amendments made to it and a copy of the CIO's latest Trustees' Annual Report and Statement of Accounts.
The trustees' report was approved by the Board of Trustees.
.............................. Edward Hossack
## **Trustee**
17/06/2025 Date: .............................................
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Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MARIAN CONSORT**
I report to the trustees on my examination of the financial statements of The Marian Consort (the charity) for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Tom Wilcox**
Counterculture Partnership LLP 23 St Leonards Road Bexhill-on-Sea East Sussex TN40 1HH17/06/2025 Date: ............................
- 4 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**4**
20,810
64,750
Charitable activities
**5**
200,904
1,900
Investments
**6**
280
-
**Total income**
221,994
66,650
**Expenditure on:**
Charitable activities
**7**
247,077
61,150
**Total expenditure**
247,077
61,150
**Net income/(expenditure) and**
**movement in funds**
(25,083)
5,500
**Reconciliation of funds:**
Fund balances at 1 September
2023
44,864
25,500
**Fund balances at 31 August**
**2024**
19,781
31,000|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
85,560
22,108
45,935
202,804
135,428
-
280
-
-
288,644
157,536
45,935
308,227
134,778
45,935
308,227
134,778
45,935
(19,583)
22,758
-
70,364
22,106
25,500
50,781
44,864
25,500|**Total**
**2023**
**£**
68,043
135,428
-|
|---|---|---|
|||203,471
180,713|
|||180,713|
|||22,758
47,606|
|||70,364|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 31 AUGUST 2024**_
|**Notes**
**Current assets**
Stocks
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**The funds of the charity**
Restricted income funds
**15**
Unrestricted funds
**16**|**2024**
**£**
587
56,908
57,495
(6,714)|**£**
50,781
31,000
19,781
50,781|**2023**
**£**
587
69,777
70,364
-|**£**
70,364|
|---|---|---|---|---|
|||||25,500
44,864|
|||||70,364|
17/06/2025 The financial statements were approved by the trustees on .........................
.............................. Edward Hossack **Trustee**
- 6 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
## **Charity information**
The Marian Consort is a registered charity. The registered office is 25 Sherrards Way, London, EN5 2BW.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.8 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Change in accounting policy**
This year, the charity has changed its accounting policy from receipts and payments to accruals basis because it provides reliable and more relevant information. Therefore, the corresponding amounts for the previous financial year in the financial statements (including the related notes) are not comparable.
## **3 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **4 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
10,810
-
Grants
10,000
64,750
20,810
64,750|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
10,810
12,293
-
74,750
9,815
45,935
85,560
22,108
45,935|**Total**
**2023**
**£**
12,293
55,750|
|---|---|---|
|||68,043|
- 9 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**4**
**Income from donations and legacies**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Grants**
PRS Foundation
-
6,000
John Ellerman
Foundation
-
25,000
Marchus Trust
-
5,000
Angel Early Music
-
5,000
The Hinrichsen
Fouhinrich
-
1,500
Vaughan Williams
Foundation
-
2,000
The Foyle Foundation
10,000
-
Esmee Fairbairn
Foundation
-
-
The University of
Sheffield
-
17,750
Maria Bjornson Memorial
Fund'
-
2,500
10,000
64,750
**5**
**Income from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Voluntary Income**
Engagements
176,427
1,900
CD/Ticket sales
9,579
-
Royalties & Commissions
Received
196
-
Travel and subsistence
reimbursement
14,702
-
200,904
1,900|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
6,000
9,815
935
10,750
25,000
-
25,000
25,000
5,000
-
-
-
5,000
-
-
-
1,500
-
-
-
2,000
-
-
-
10,000
-
-
-
-
-
20,000
20,000
17,750
-
-
-
2,500
-
-
-
74,750
9,815
45,935
55,750
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
178,327
113,005
-
113,005
9,579
7,374
-
7,374
196
-
-
-
14,702
15,049
-
15,049
202,804
135,428
-
135,428|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
6,000
9,815
935
10,750
25,000
-
25,000
25,000
5,000
-
-
-
5,000
-
-
-
1,500
-
-
-
2,000
-
-
-
10,000
-
-
-
-
-
20,000
20,000
17,750
-
-
-
2,500
-
-
-
74,750
9,815
45,935
55,750
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
178,327
113,005
-
113,005
9,579
7,374
-
7,374
196
-
-
-
14,702
15,049
-
15,049
202,804
135,428
-
135,428|
|---|---|---|
|||55,750|
|||**Total**
**2023**
**£**
113,005
7,374
-
15,049|
|||135,428|
- 10 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **6 Income from investments**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|280|-|
|**7**|**Expenditure on charitable activities**|||
|||**Total**|**Total**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Direct costs**|||
||Staff costs|20,223|25,974|
||Artistic Expenditure|184,335|143,689|
||Venue Hire|7,668|3,445|
||Marketing & Communications|1,222|1,373|
||Production|30,103|4,766|
||Insurance|650|650|
||Postage|960|135|
||Sundry|442|21|
||Consultancy & professional fees|731|-|
||Travel and subsistence|61,146|-|
|||307,480|180,053|
||**Share of support and governance costs (see note 8)**|||
||Governance|747|660|
|||308,227|180,713|
||**Analysis by fund**|||
||Unrestricted funds|247,077|134,778|
||Restricted funds|61,150|45,935|
|||308,227|180,713|
|**8**|**Support costs allocated to activities**|||
|||**2024**|**2023**|
|||**£**|**£**|
||Governance costs|747|660|
||**Analysed between:**|||
||Total|747|660|
- 11 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
|**9**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|560|660|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **11 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
||1|1|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|20,223|25,974|
There were no employees whose annual remuneration was more than £60,000.
## **12 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **13 Stocks**
|**13**
**Stocks**|||
|---|---|---|
|Finished goods and goods for resale
**14**
**Creditors: amounts falling due within one year**
Other taxation and social security
Other creditors|**2024**
**£**
587
**2024**
**£**
6,507
207
6,714|**2023**
**£**
587|
|||**2023**
**£**
-
-|
|||-|
- 12 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **15 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1**|**Incoming**|**Resources**|**At 31 August**|
|---|---|---|---|---|
||**September**|**resources**|**expended**|**2024**|
||**2023**||||
||**£**|**£**|**£**|**£**|
|Donation|25,500|-|(25,500)|-|
|PRS Foundation|-|6,000|-|6,000|
|John Ellerman Foundation|-|25,000|-|25,000|
|Marchus Trust|-|5,000|(5,000)|-|
|Angel Early Music|-|5,000|(5,000)|-|
|The Hinrichsen Foundation|-|1,500|(1,500)|-|
|The University of Sheffield|-|17,750|(17,750)|-|
|Vaughan Williams Foundation|-|2,000|(2,000)|-|
|Norfolk County Council|-|400|(400)|-|
|Britten Pears Arts|-|1,500|(1,500)|-|
|Maria Bjornson Memorial Fund|-|2,500|(2,500)|-|
||25,500|66,650|(61,150)|31,000|
|**Previous year:**|**At 1**|**Incoming**|**Resources**|**At 31 August**|
||**September**|**resources**|**expended**|**2023**|
||**2022**||||
||**£**|**£**|**£**|**£**|
|Donation|25,500|935|(935)|25,500|
|John Ellerman Foundation|-|25,000|(25,000)|-|
|Esmee Fairbairn Foundation|-|20,000|(20,000)|-|
||25,500|45,935|(45,935)|25,500|
- 13 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **15 Restricted funds**
## **(Continued)**
## **Notes to the restricted funds**
The University of Sheffield - Grant received for filming costs, including performers' fees, venue hire, film crew related to Seeing Through Sound collaborative project.
Vaughan Williams Foundation - Grant received in support of Laurence Osborn commission.
Norfolk County Council (Norfolk CC) - Funds received from concert in Norfolk.
Britten Pears Arts - Funds received in a collaborative project with Britten Pears Arts in support of Face to Face, financial support package for residency.
PRS foundation - Funds received for Emerging Voices, £10k in May with 1st payment of £5k in June 2024.The other £1k was the final payment for a recording project.
The Hinrichsen Foundation - Funds received from commissioning activity.
The John Ellerman - Funds from commissioning and Emerging Voices programme.
The Maria Bjornson Memorial Fund - Funds received in support of Face to Face.
Angel Early Music - recording.
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1**|**Incoming**|**Resources**|**At 31 August**|
|---|---|---|---|---|
||**September**|**resources**|**expended**|**2024**|
||**2023**||||
||**£**|**£**|**£**|**£**|
|General funds|44,864|221,994|(247,077)|19,781|
|**Previous year:**|**At 1**|**Incoming**|**Resources**|**At 31 August**|
||**September**|**resources**|**expended**|**2023**|
||**2022**||||
||**£**|**£**|**£**|**£**|
|General funds|22,106|157,536|(134,778)|44,864|
- 14 -
Docusign Envelope ID: E80B487E-701E-4D03-834A-64DB70F62935
## **THE MARIAN CONSORT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2024**_
## **17 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 August 2024:**
Current assets/(liabilities)
19,781
31,000
19,781
31,000
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 August 2023:**
Current assets/(liabilities)
44,864
25,500
44,864
25,500|**Total**
**2024**
**£**
50,781|
|---|---|
||50,781|
||**Total**
**2023**
**£**
70,364|
||70,364|
## **18 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 15 -