Croydon Philharmonic Society Choir
Report and Accounts
for the year ended
Sunday, June 30, 2024
Registered Charity Number: 213084
Officers & Committee of Croydon Philharmonic Society Choir
President
Crispian Steele-Perkins
Vice-Presidents
Erica Eloff Ian le Grice
Music Director
David Gibson
Committee (Trustee) Members
Chair
Sheila Reed
Secretary
Jean Murphy and Sarah Gordon to 17 October 2023, then Jean Murphy and Elizabeth Baigent
Ticket Secretary Rosemary Stone
Treasurer Martin Day
Concert Secretary
Lisa Kirk
Membership Secretary Katharina Kreissig
Publicity Co-ordinator Katrina Keel
Media Lead Peter Gillman
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Croydon Philharmonic Society Choir Report of the Committee
The committee present their report and Accounts for the year ended 30 June 2024
Principal Activities
The Society's principal activity during the year continued to be the study and public performance of choral music.
Status
The Society is a registered charity, number 213084
Review of the Business
This year the Choir presented 4 concerts, as well as joining in a Christmas concert mounted by the London Mozart Players at the Fairfield Hall. The most substantial offering was the Saint-Saens Requiem, performed together with Basingstoke Choral Society and with the Docklands Sinfonia at the Fairfield Hall in April. The concerts were all of high standard, but the audiences were disappointing. The effect was that the April concert lost the Choir about £15,000, and none of the others covered their costs. The choir normally expects to have to pay money to mount big concerts, but the scale of losses this year were a cause for concern.
Some time ago the Choir was left a bequest from the founder, Alan Kirby, with the expressed hope that it would be used to promote choral singing in the Croydon area. The Committee decided to devote some of this money to offering workshops where people could experience and learn to enjoy choral singing. The first such workshop was held in February and proved very enjoyable, but only attracted a relatively small number of people from outside the choir. The Committee will continue to look for ways of using this legacy for the stated purpose.
Overall, the Choir's General Fund was down by a little over £6,000 this year. This was disappointing but survivable, but shows clearly that we need to find ways of reaching out to a wider audience. Tthis is important for the finances but even more iimportant to enable the choir to feel supported and encouraged by the reaction of their listeners.
Committee Members
The full list of current Committee members is detailed on page 2 of this document.
Independent Examiner
Mr Liam Kelly was appointed as Independent Examiner at the Annual General Meeting in October 2023, and hopefully will be willing to continue in office.
This report and the attached accounts are presented for approval at the Annual General Meeting on 15 October 2024.
Sheila Reed Martin Day Chair Treasurer
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This page to be updated once examination is complete
Report of the Independent Examiner to the Members of The Croydon Philharmonic Society Choir
I report on the Accounts of the Society for the year ended 30th June 2024
Respective Responsibilities of the Trustees and Examiner
As a charity, you are responsible for the preparation of the accounts: you consider that the audit requirements of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the general directions given by the Charity Commission (under Section 43(7) (b) of the Act) whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit , and consequently I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in any material respect the charity has not met the requirements: to ensure:-
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Accounting records are kept in accordance with section 41 of the Act; and
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Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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10th October 2024
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Liam Kelly Leemook Accounting
29, Errington Road, Picket Piece, Andover, SP11 6XF
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Croydon Philharmonic Society Choir
Statement of financial activities for the year ended 30 June 2024
| General fund Note Incoming funds: Subscriptions 2 (including Gift Aid tax credit) Interest & dividends 3 Net Fund Raising & Donations 4 Donations to pass on Legacies 4 Total incoming resources Outgoing expenditure: Hire of church for rehearsals Conductor's Fees Accompanist's fees General printing & publicity Insurance expenses Independent Examiner's fee Sundry expenses Donations Net cost of Workshop event Total outgoing expenditure Surplus of income over expenditure Deficit on concerts for the year Change in value in stock of gifts, folders etc Overall net surplus/(deficit)for the year General Fund brought forward Transfer to Reserve Fund General Fund carried forward |
2024 £ unrestricted funds 18,311 11,644 51 513 8,000 38,519 3,010 7,790 4,212 977 94 500 1,005 2,763 1,179 21,530 16,989 (23,350) 40 (6,321) 54,119 0 47,798 |
2023 £ unrestricted funds 15,353 9,661 571 0 115,008 |
|---|---|---|
| 140,593 | ||
| 2,975 7,503 4,465 461 90 500 795 0 0 |
||
| 16,789 | ||
| 123,804 (3,660) |
||
| -40 120,104 49,015 -115,000 |
||
| 54,119 |
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Croydon Philharmonic Society Choir
Statement of assets and liabilities for the year ended 30 June 2024
| Note Fixed assets Investments 5 Current assets Debtors, prepayments & stock 6 Cash at bank and in hand 7 Creditors and accruals 8 Net current assets Financed by: General Fund 9 Reserve Fund 10 |
2024 2023 £ £ £ £ unrestricted funds unrestricted funds 130,284 153,730 130,284 153,730 8,200 3,417 194,900 170,671 203,100 174,088 6,359 4,969 196,741 169,119 327,026 322,849 47,798 54,119 279,228 268,730 327,026 322,849 |
2024 2023 £ £ £ £ unrestricted funds unrestricted funds 130,284 153,730 130,284 153,730 8,200 3,417 194,900 170,671 203,100 174,088 6,359 4,969 196,741 169,119 327,026 322,849 47,798 54,119 279,228 268,730 327,026 322,849 |
|---|---|---|
| 322,849 | ||
| 54,119 268,730 |
||
| 322,849 |
the accompanying accounting policies and notes form an integral part of these financial accounts
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Notes to the Accounts for the year to 30 June 2024
1 Accounting policies
The financial statements have been prepared in accordance with applicable accounting standards, and follow the recommendations in the Statement of Recommended Practice 'Accounting and Reporting by Charities', revised in October 2005. They have been prepared under the historic cost convention except that investments are valued at market value.
Unrealised gains and losses on investments for the period are calculated by reference to the market value of the investments held at the year end.
| ______________ £ £ 2 Subscriptions breakdown Subscriptions paid 14968 Tax Credit on Gift Aided subscriptions 3,343 ______________ 3 Interest and dividends breakdown: £ £ Bank interest 4,074 Dividends: M & G Charifund 7,430 CAF 12-month account 140 Total dividend income 7,570 ______________ 4 Fund raising income & donations breakdown: £ Donations 0 Legacy 8,000 Sale of folders, badges etc 52 ______________ 5 Investments 2024 £ £ cost market value M & G Charifund 114,773 130,284 IFSL CAF Fixed interest B Income Fund 0 0 114,773 130,284 Reconciliation of movement in market value of investments Investments at market value as at 1 July 2023 Surplus/(Deficit) on revaluation of M&G Surplus/(Deficit) on revaluation of IFSL Transfer to CAF Gold Investments at market value as at 30 June 2024 |
_____ £ 18,311 ____ £ 11,644 ____ 8,052 ____ 2023 £ £ cost market value 114,773 120,700 39,682 33,030 154,455 153,730 153,730 9,584 914 (33,944) 130,284 |
|---|---|
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| £ 6 Debtors, prepayments & stock HMRC - Gift Aid Other debtors Stock of music folders etc Prepayments for workshops |
£ £ 3,013 4,345 562 280 8,200 |
|---|---|
| __________ £ 7 Cash at bank and in hand CAF Cash Account 1,998 CAF Gold Account 172,902 CAF 60 Day Notice Account Issue 4 20,000 |
______ £ 194,900 |
|---|---|
| __________ £ 8 Creditors and accruals Independent Examiner fee 500 Other creditors 5,859 |
______ 6,359 |
|---|---|
________________
| 9 General Fund As at 1 July at start of year Surplus/(Deficit)for the year Transfer in (out) As at 30 June end of year |
2024 £ 54,119 (6,321) 0 47,798 |
2023 £ 49,015 120,104 (115,000) |
|---|---|---|
| 54,119 |
This is an unrestricted fund for the general use of the Society
________________
| 10 Reserve Fund As at 1 July start of year Surplus/(Deficit) on investment revaluation Transfer in (out) As at 30 June end year |
2024 £ 268,730 10,498 0 279,228 |
2023 £ 163,391 (9,661) 115,000 |
|---|---|---|
| 268,730 |
The Reserve Fund is an unrestricted fund for the general use of the Society. It is invested with the long-term objective of providing income whilst seeking to maintain the value of the capital in real terms. Any transfers from the Resrve Fund can only be approved by a two-thirds majority of members attending an Extraordinary General Meeting called for this purpose.
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Croydon Philharmonic Society Choir
Concert Receipts and Payments for the year ended 30 June 2024
| Receipts: Net receipts from tcket sales Donaton for specifc concert Programme sales less: Cost of programmes Total net receipts Payments: Hire of venue and facilites Orchestra and Accompanist fees Conductor's fees Soloists' fees Hire of Instruments Performing Rights & Orchestra Scores Hire/sale of music scores (net of receipts) Printng and publicity Contributon to promoters' costs Refreshments Total Payments (Defcit) on concerts for the year |
2024 £ 12,953 8 1,062 (439) 623 13,584 5,968 16,839 5,572 6,174 434 762 (534) 1,389 0 330 36,934 (23,350) |
2023 £ 4,216 0 270 (135) |
|---|---|---|
| 135 | ||
| 4,351 | ||
| 850 0 3,448 1,757 0 32 (40) 813 1,000 151 |
||
| 8,011 | ||
| (3,660) |
See page 10 for breakdown
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Croydon Philharmonic Society Choir Concert Receipts and Payments Account breakdown for the year ended 30 June 2024
| 18 November | December | 13 April | 22 June | |
|---|---|---|---|---|
| 2023 | 2023 | 2024 | 2024 | |
| Fun and | Christmas | |||
| Fireworks | concerts | April in Fairfield | Night and Day | |
| £ | £ | £ | £ | |
| Receipts: | ||||
| Ticket sales | 2,458 | 2,187 | 6,148 | 2,160 |
| Donatons | 8 | |||
| Programme sales | 249 | 714 | 99 | |
| less: Cost of programmes | (142) | (79) | (188) | (30) |
| Net Surplus/(Defcit) from programmes | 107 | (79) | 526 | 69 |
| Total net receipts | 2,565 | 2,108 | 6,682 | 2,229 |
| Payments: | ||||
| Hire of venue and facilites | 380 | 385 | 4,681 | 522 |
| Orchestra and Accompanist fees | 3,702 | 12,735 | 402 | |
| Conductor's fees | 1,393 | 1,393 | 1,393 | 1,393 |
| Soloists' fees | 2,250 | 703 | 2,646 | 575 |
| Hire of Instruments | 434 | |||
| Performing Rights & Orchestra Scores | 737 | 25 | ||
| Hire/sale of music scores (net of receipts | (145) | (373) | 129 | (144) |
| Printng and publicity | 248 | 140 | 1,002 | |
| Charity donaton | ||||
| Hire of transport (net) | ||||
| Contributon to promoters' costs | ||||
| Refreshments | 145 | 184 | ||
| Total Payments | 9,144 | 2,432 | 22,611 | 2,748 |
| Surplus/(Defcit) on concert | (6,579) | (324) | (15,929) | (519) |
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