2022-03-31-accounts - Philharmonia Chorus Limited

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PHILHARMONIA CHORUS LIMITED A Company Limited by Guarantee

Patron: HRH The Prince of Wales KG KT GCB PC

Report and Unaudited Financial Statements Year ended 31 March 2022

Charity Registration No. 250495 Company Registered in England No. 844386

Philharmonia Chorus Limited

	Philharmonia Chorus Limited
Status:	Company Limited by Guarantee No.00844386
	Charity Registration No.: 250459
	The Company's governing document is its Memorandum and
	Articles of Association dated 5 April 1965
Registered Office:	14/15 Conduit Street, London W1S 2XJ
	The Company does not have a separate principal office.
Trustees:	Richard Ashdown - Treasurer
	David Bryant - Secretary
	Sophia Cheung
	Helen Cooper
	Richard Harding - Chairman
	Christopher Hollis
	Jackie Leach
	Samuel Lom
	Chavdar Mazgalov
	Rosslyn Panatti
	Iveta Rožlapa
	James Shirras
Independent examiner:	Shruti Soni FCCA FCIE
	Shruti Soni Ltd
	117A St Johns Hill
	Sevenoaks TN13 3PE
Bankers	Lloyds Bank Ltd

Philharmonia Chorus Limited

Chairman's report

for the year ended 31 March 2022

The year was nearly half over before the Philharmonia Chorus, in common with choruses world-wide, was able to start rehearsing again, albeit with a strict Covid-19 Protocol in place. The first project was a highly prestigious event, a concert at the Royal Albert Hall marking the 75th anniversary of the Royal Philharmonic Orchestra. The Chorus was honoured that an orchestra would choose to celebrate such an anniversary with a choral work, Walton’s Belshazzar’s Feast with Sir Bryn Terfel as the baritone soloist. The performance was broadcast live on BBC Radio 3.

In December, the Chorus was again invited to take part in two performances in one day of Handel’s Messiah at the Royal Albert Hall. On this occasion, the Royal Philharmonic Orchestra was conducted by Sian Edwards. The alto soloist in these performances, Claire Barnett-Jones, was one of the first members of the Philharmonia Chorus Professional Singer Scheme, and winner of the Audience Prize in the 2021 Cardiff Singer of the World finals.

In February, in a departure from mainstream repertoire, the Chorus took part in a film showing at the Royal Festival Hall that launched the sixth series of Outlander, a Scottish historical drama series made by Starz, a television network based in Los Angeles. The music was composed by Bear McCreary, and the Philharmonia Orchestra was conducted by James Shearman. This performance provided the opportunity for two members of the Philharmonia Chorus Student Scheme to sing two solo lines.

I am more grateful than ever for the management team that produced first class choruses for each of these projects against the background of the continuing Covid-19 pandemic, and with a consequentially smaller pool of singers. The Chorus simply could not have functioned without Personnel Manager Rosslyn Panatti, who also runs the Student Scheme, or Christopher Hollis who runs the Professional Singer Scheme. The management of concerts is also a huge task, and Jackie Leach brings great experience to the task. Generous thanks are also due to Treasurer Richard Ashdown, Voice Reps Denise Squires, Elizabeth Album, David Phillips and Richard Gaskell, librarian Ann Heavens and her assistant Ayano Sasaki-Crawley, who has also taken on the role of Audition Co-ordinator, and to Helen Cooper as custodian of our social media. And nothing would happen at all were it not for the commitment and dedication of all the membership. We are hugely indebted to Chorus Master Gavin Carr for first class vocal and musical guidance throughout the year, and Timothy End has continued with his peerless support from the keyboard.

I am pleased to be able to report that our artistic partnerships remain intact, and so the Chorus has every reason to look forward to future seasons with confidence.

Richard Harding Chairman

Philharmonia Chorus Limited

Trustees' Report for the year ended 31 March 2022

The trustees present their report and the financial statements for the year ended 31 March 2022. This is also a Directors’ Report required by s417 of the Companies Act 2006 and all trustees are directors.

This Trustees Report and the associated Financial Statements have been prepared in accordance with guidance for preparing Charity Accounts and Reports presented in “Accounting and Reporting by Charities: Statement of Recommended Practice” and are therefore in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective 1 January 2019) – (Charities SORP FRS 102) together with The Companies Act 2006.

Objectives, Activities, Achievements and Performance

The charity’s purpose as set out in the object contained in the company’s Memorandum of Association is the advancement of public education through the promotion and support of the art of music (including opera, music drama, ballet and all art forms consisting in whole or in part of music), particularly by the promotion of encouragement of orchestral and choral music.
For the furtherance of this purpose, the charity has, inter alia, the following powers:
to maintain and manage a chorus of high quality,
to promote, sponsor, manage, record and produce choral, operatic and musical works of every description, and
• to engage chorus masters and artists of every description.

The way the Charity’s purpose has been fulfilled in the financial year 2021/22 is set out in the programme of public performances listed in the Appendix and described in the Chairman’s Report. In common with choruses worldwide, the Chorus’s activities were severely curtailed by the Covid-19 pandemic, and the Chorus only re-started activities in August 2021.

The Chorus also provides the opportunity for young singers to develop and practise their skills through its Professional Singer and Student Schemes. The Chorus incorporates singers from its Professional Singer Scheme (for singers in the first 10 years of their careers) and its Student Scheme (for singers studying at or recent graduates from music colleges) to enable them to perform with some of the best conductors and orchestras in the world. The Chorus also promotes them whenever possible as solo singers, as it has in this financial year.
The Trustees confirm that they have had regard to the Charity Commission guidance on public benefit. All charitable activities focus on the promotion of choral music and are undertaken to further the charitable purposes for the public benefit.
As mentioned in the 2020/21 Trustees Report, in August 2020 the Chorus was served with proceedings in relation to alleged discrimination under the Equality Act 2010 on the grounds of disability. The proceedings were settled in February 2022, except in relation to the claimant’s costs, which remain the subject of ongoing discussion.
In accordance with Charity Commission rules, the Trustees have reported these proceedings to the Charity Commission as a Serious Incident, which is required if the loss to the charity is likely to exceed £25,000. The Trustees reported to the Charity Commission that there had been no breach of the Charity’s governing document, nor of the Charity’s policies and procedures, and that the Charity had acted appropriately throughout. The Trustees also reported that although significant, this incident does not compromise the long term viability of the

Philharmonia Chorus Limited

Trustees' Report for the year ended 31 March 2022

Charity, or its ability to pursue its charitable objectives.

Financial Review

The charity, with the aid of sound financial management and the support of both its members and trustees, reports a decrease in reserves of £6,168 in 2021/22. This compares to an increase of £2,880 in 2020/21.
The Trustees recognise that the Chorus does not receive sufficient income from choral performances to recover the costs associated with its activities.
In 2021/22 the Trustees were almost successful in bridging the gap between its income and expenditure by seeking support donations from individuals, and from Gift Aid on those donations where appropriate. The Trustees will continue with the policy of seeking to ensure that donations (with Gift Aid) match the shortfall between performance fees and costs.
Procedures are regularly reviewed to ensure they continue to meet the needs of the Charity.

Investment Policy

The Memorandum of Association of the Company grants authority to the Trustees to invest the assets of the Company in such investments, securities or property as may be thought fit, subject to any constraints under general law and specific constraints under the Memorandum.
Aside from retaining restricted funds and therefore reserves each year most of the charity’s funds are spent in the short term. Funds available for long term investment are limited. The Council of Management continues to invest what it has available in NS&I Income Bonds.

Reserves Policy

The policy of the Council is to maintain such reserves as will ensure the long term viability of the Chorus and enable it to fulfil its objects for the foreseeable future.
Unrestricted reserves are available, at the discretion of the Trustees, to further the general objects of the charity. The unrestricted funds available to the charity as at 31 March 2022 were £157,276 (£163,444 in March 2021). This is considered sufficient to meet these objectives.

Managing risk of harm

In carrying out the charity’s purpose to achieve public benefit the Trustees have managed risk of detriment or harm to the charity’s beneficiaries or to the public in general.
Examples of such risks might include – but are not limited to:
damage to its reputation
receiving less funding or fewer public donations
losing money through inappropriate spending
change in the government’s policy on a particular issue, affecting grants or contracts.

Philharmonia Chorus Limited

Trustees' Report for the year ended 31 March 2022

18. The Trustees have exercised this discretion in a way which:

is in accordance with the charity’s purpose (so not operating outside that purpose)
is for the public benefit
has regard to the commission’s public benefit guidance where relevant
is in accordance with the general framework for trustee decision making.

Structure, Governance and Management

Status

The organisation is a charitable company limited by guarantee, incorporated on 5 April 1965, and registered as a charity on 22 September 1966. The Memorandum of Association sets out the company’s objects and powers. The operation of the company is governed by its Articles of Association.
In the event of the company being wound up, the members of the Chorus guarantee to contribute an amount not exceeding £1 to the assets of the company.
The organisation is governed by a Council of Management elected by the members of the Chorus who are directors of Philharmonia Chorus Ltd, and are also charity trustees for the purposes of charity law. The current members of the Council are listed below.
Under the Articles of Association the members of Council are elected at the AGM or at other general meetings. Alternatively they may be appointed by the other members of the Council (subject to the maximum number of members of the Council not exceeding 12 at any one time). At each AGM one third of the members of the Council are required to retire, but any retiring member is eligible to stand for re-election.

Decision making by the Council of Management

The Council of Management meets regularly to discuss all aspects of the affairs of the Chorus and to decide on any matters which fall within the authority of the Council. No powers of Council have been formally delegated to sub-committees, although the Council establishes sub-committees for specific purposes from time to time.

Advisers

The Chorus does not retain particular legal or financial advisers on an on-going basis apart from an Independent Examiner of the Accounts, required under Charity Law. Occasional additional legal or financial advice is sourced as appropriate.

Going Concern

The trustees are satisfied that the charity will continue to be a going concern for the foreseeable future.

Philharmonia Chorus Limited

Trustees' Report for the year ended 31 March 2022

Statement of Trustees' Responsibilities

The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditureof the charitable company for that period. In preparing these financial statements, the trustees are required to:

a) select suitable accounting policies and apply them consistently;

b) observe the methods and principles in the Charities SORP;

c) make judgments and accounting estimates that are reasonable and prudent;

d) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report, which has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, was approved by the Board on 15 June 2022 and signed on its behalf.

Trustee Name:______ Richard Harding

Independent Examiner’s Report to the Trustees of Philharmonia Chorus Limited

I report on the financial statements of the company for the year ended 31 March 2022 as set out on pages 8 to 17.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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 accounts to be reached.

Shruti Soni FCCA FCIE Date: 17 June 2022 Shruti Soni Ltd ● Chartered Certified Accountants 117A St Johns Hill, Sevenoaks TN13 3PE

Philharmonia Chorus Limited

Statement of financial activities (incorporating an income and expenditure account)

	For theyear ended 31 March 2022	For theyear ended 31 March 2022	For theyear ended 31 March 2022
Note Income from: 2 3 4 4 Reconciliation of funds: 15 Performances and Choral Singing Investments Total income Expenditure on: Donations and legacies Charitable activities Performances and Choral Singing Raising funds Net income / (expenditure) for the year Total expenditure Net income / (expenditure) before net gains / (losses) on Charitable activities Total funds brought forward Net gains / (losses) on Total funds carried forward Net movement in funds	Unrestricted £ 80,331 30,886 58	Restricted £ - - -	2022 Total £ 80,331 30,886 58 111,275 2,760 114,683 117,443 - (6,168) (6,168) 163,444 157,276 (6,168)	Unrestricted £ 24,884 6,054 501	Restricted £ - - -	2021 Total £ 24,884 6,054 501
	111,275	-		31,439	-	31,439
	2,760 114,683	- -		592 27,967	- -	592 27,967
	117,443	-		28,559	-	28,559
	- (6,168)	- -		- 2,880	- -	- 2,880
	(6,168)	-		2,880	-	2,880
	(6,168) 163,444	- -		2,880 160,564	- -	2,880 160,564
	157,276	-		163,444	-	163,444

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 16 to the financial statements.

Philharmonia Chorus Limited

Company no. 00844386

Balance sheet

As at 31 March 2022

Note £ Fixed assets: 9 10 Current assets: 11 24,011 79,913 103,924 Liabilities: 12 6,648 15 1,000 156,276 Total unrestricted funds Total charity funds Investments Cash at bank and in hand Tangible assets The funds of the charity: Creditors: amounts falling due within one year Net current assets / (liabilities) Total net assets / (liabilities) Unrestricted income funds: Designated funds General funds Total assets less current liabilities Debtors	2022 £ - 60,000	£ 11,511 93,432	2021 £ - 60,000
	60,000 97,276		60,000 103,444
103,924 6,648		104,943 1,499
1,000 156,276		1,000 162,444
	157,276		163,444
	157,276		163,444
	157,276		163,444

	157,276		163,444

For the year ending 31 March 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ Responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements, which have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), were approved by the Board on 15 June 2022 and signed on its behalf by:

Trustee Name Richard Ashdown

Philharmonia Chorus Limited Notes to the financial statements

For the year ended 31 March 2022

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with 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) (effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Philharmonia Chorus Limited is a charitable company limited by guarantee registered in England with registration number 00844386. Its registered office address is 14/15 Conduit Street, London W1S 2XJ. The accounts are presented in GBP rounded to £1. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

g) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Philharmonia Chorus Limited Notes to the financial statements

For the year ended 31 March 2022

1 Accounting policies (continued)

h) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
Expenditure on charitable activities includes the costs of performances and choral singing activties undertaken to further the purposes of the charity and their associated support costs
Other expenditure represents those items not falling into any other heading
i) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the overhead costs of the central function, is apportioned on the following basis which are an estimate, based on time, of the amount attributable to each activity.

Cost of raising funds
Performances and Choral Singing

7% 93%

j) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

 Pianos

3 years

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

n) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Philharmonia Chorus Limited

Notes to the financial statements

For the year ended 31 March 2022

1 Accounting policies (continued)

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

o) Foreign Currency Transactions

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2 Income from donations and legacies

Income from donations and legacies
Grants and Donations - Trusts and Foundations Donations - individuals Donations - Members Support Scheme Legacies Gift aid	Unrestricted £ 9,204 54,500 - 15,926 701 80,331	£ - - - - - - Restricted	2022 total Total £ 9,204 54,500 - 15,926 701 80,331	2021 Total £ 8,992 12,619 50 2,873 350
				24,884

3 Income from charitable activities

Income from charitable activities
Concerts Total income from charitable activities Performances and Choral Singing Royalties, Recording and Broadcast fees	Unrestricted £ 29,102 1,784 30,886	£ - - - Restricted	2022 Total £ 29,102 1,784 30,886	2021 Total £ 3,000 3,054
				6,054

Philharmonia Chorus Limited

Notes to the financial statements

For the year ended 31 March 2022

4 Analysis of expenditure

Cost of raising funds £ 254 933 - - - - - - - - - - -	Charitable activities £ - - 75,693 14,184 2,075 - 1,835 - - - - - -	Support costs £ 1,069 - - - - 2,197 - 709 339 450 1,472 - 16,233	2022 Total £ 1,323 933 75,693 14,184 2,075 2,197 1,835 709 339 450 1,472 - 16,233
1,187 1,573	93,787 20,896	22,469 (22,469)	117,443 -
2,760	114,683	-	117,443
592	27,967	-	28,559

All expenditure was unrestricted (2021: same).

2021 Travel, subsistence & entertainment Website, marketing & promotion Fees and expenses Hire of Rehearsal Halls Print, stationery, post, subscriptions Bank charges and sundry IT costs Bookkeeping and accountancy Depreciation Legal and other costs Support costs Total expenditure 2021	Cost of raising funds £ - 150 - - - - - - - -	Charitable activities £ - - 21,313 780 - - - - - -	Support costs £ 913 - - - 267 501 373 1,483 1,109 1,400	2,021 £ 913 150 21,313 780 267 501 373 1,483 1,109 1,400
	150 442	22,093 5,874	6,316 (6,316)	28,559 -
	592	27,967	-	28,559

Philharmonia Chorus Limited Notes to the financial statements

For the year ended 31 March 2022

5 Net incoming resources for the year

This is stated after charging / crediting:

This is stated after charging / crediting:
	2022	2021
	£	£
Depreciation	-	1,739

6 Trustee remuneration and expenses

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

No trustees were reimbursed any expenses incurred in relation to their duties as trustees. All trustees are also members of the Chorus and take part in performances and other activities of the Chorus. Expenses relating to performances like travel and accomodation are paid by the Charity in line with agreed policies.

The Charity does not employ any staff. The trustees are responsible for the day to day running and management of the Chorus for which the Charity reimburses any out of pocket expenses.

7 Related party transactions

There are no other related party transactions to disclose for 2022 (2021: none).

Aggregate donations from related parties (5 trustees) during the year were £2,385 (2021: £2,483).

There are no donations from related parties which are outside the normal course of the Chorus' business and no restricted donations from related parties. No trustees donate back out of pocket expenses incurred (2021: some).

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

Philharmonia Chorus Limited Notes to the financial statements

For the year ended 31 March 2022

Kawai Piano £ 3,325	Digital Piano £ 1,891	Total £ 5,216
3,325	1,891	5,216
3,325 -	1,891 -	5,216 -
3,325	1,891	5,216
-	-	-
-	-	-
	2022 £ 60,000 - -	2021 £ 100,000 - (40,000)
	60,000	60,000
	60,000	60,000
	2022 £ 60,000	2021 £ 60,000
	2022 £ 1,247 3,986 18,778 24,011	2021 £ - 1,356 10,155 11,511

Philharmonia Chorus Limited Notes to the financial statements

For the year ended 31 March 2022

12 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals Deferred income Trade creditors Other creditors	2022 £ 856 3,346 1,200 1,246	2021 £ - 340 1,159 -
	6,648	1,499

13 Deferred income

Deferred income comprises invoiced travel costs for 2022-23. No income was deferred for 2021-22.

Balance at the beginning of the year Amount released to income in the year Amount deferred in the year Balance at the end of the year	2022 £ - - 1,247	2021 £ - - -
	1,247	-

14 Analysis of net assets between funds

General

	General
Net assets at 31 March 2021 Analysis of net assets between funds Tangible fixed assets Investments Net current assets Tangible fixed assets Investments Net current assets Net assets at 31 March 2022	unrestricted £ - 60,000 96,276	£ - - 1,000 Designated	Restricted £ - - -	Total funds £ - 60,000 97,276
	156,276	1,000	-	157,276
	General £ - 60,000 102,444	£ - - 1,000 Designated	Restricted £ - - -	Total funds £ - 60,000 103,444
	162,444	1,000	-	163,444

Notes to the financial statements

Philharmonia Chorus Limited

For the year ended 31 March 2022

15 Movements in funds

Movements in funds
Total designated funds General funds Total designated funds General funds Total funds Unrestricted funds: Designated funds: Support Trust Total unrestricted funds Total funds Total unrestricted funds Support Trust Unrestricted funds: Designated funds:	At 1 April 2021 £ 1,000	Incoming resources & gains £ -	Outgoing resources & losses £ -	Transfers £ -	At 31 March 2022 1,000
	1,000	-	-	-	1,000
	162,444	111,275	(117,443)	-	156,276
	163,444	111,275	(117,443)	-	157,276

	163,444	111,275	(117,443)	-	157,276
	At 1 April 2020 £ 1,000	Incoming resources & gains £ -	Outgoing resources & losses £ -	Transfers £ -	At 31 March 2021 £ 1,000
	1,000	-	-	-	1,000
	159,564	31,439	(28,559)	-	162,444
	160,564	31,439	(28,559)	-	163,444

	160,564	31,439	(28,559)	-	163,444

16 Contingent liabilities

The Chorus is disputing legal costs for a claim brought against it under the Equality Act 2010. Although the process is underway, the outcome of the dispute is unknown currently.

17 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

Philharmonia Chorus Limited

Appendix

CONCERTS 1 APRIL 2021 - 31 MARCH 2022

19.30 Tuesday 21 September 2021 Walton - Belshazzar’s Feast

Sir Bryn Terfel - baritone

Philharmonia Chorus Chorus Master - Gavin Carr

Royal Philharmonic Orchestra conducted by Vasily Petrenko

Royal Albert Hall, London

Royal Philharmonic Orchestra’s 75th Anniversary Concert

BBC Radio 3 live relay

14.00 Wednesday 15 December 2021 Handel - Messiah

Masabane Cecilia Rangwanasha - soprano Claire Barnett-Jones - alto Thomas Atkins - tenor Simon Shibambu - bass

Philharmonia Chorus Chorus Master - Gavin Carr

Royal Philharmonic Orchestra conducted by Sian Edwards

Royal Albert Hall, London

19.00 Wednesday 15 December 2021 Handel - Messiah

Masabane Cecilia Rangwanasha - soprano Claire Barnett-Jones - alto Thomas Atkins - tenor Simon Shibambu - bass

Philharmonia Chorus

Philharmonia Chorus Limited

Appendix

CONCERTS 1 APRIL 2021 - 31 MARCH 2022

Royal Philharmonic Orchestra conducted by Sian Edwards

Royal Albert Hall, London

19.00 Thursday 24 February 2022 McCreary - Outlander Suite

Philharmonia Chorus Chorus Master - Gavin Carr

Philharmonia Orchestra conducted by James Shearman

Season 6 World Première Red Carpet Event

Royal Festival Hall, London