DocuSvJn En¥elope ID". 30BISQEE-8C6F423M1599F1A23D70414 REGISTEREO COMPANY NUMBER: 01193919 (Erbgland and Wale$l REGISTERED CHARITY NUMBER: 269184 REPORT OF THE TRUSTEES AMD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 LONDON HANOEL socieTY U￿￿ED Chartered Acowntsnts Cenirurn House 36 Station Road Egham 20 9LF 'ABD5JIIE* 2310912022 COMPANIES HOUSE A25 #155 Oocu&gn Envel¢pe10". 3oB150EE-B06F423￿15&9FlM2J0704I4 LONDON HANDEL SOCIEff UMITED CONTENTS OF THE FINANCIAL STATEMENTS for the Year End¢d 31$t D￿fflber 2021 Pa9e Repjrt ofthe Trustees 1104 Independent ExarT¥nerfs Rewt Statement of Finart¢ial Ai*vii*$ Balanct Sheet Statement of Cash Flows Notes to the FThnaal Statements 9t014 Delailed StsIeTh￿nt of Finawxial Ad"vilies 15 OooJSp3n Enveknpe ID.. 308150EE.806F4Z3W15$9F1A23D70414 LONDOII HANDEL SOCIETY UPAITED REPORT OF THE TRUSTEES fw the Year Ended 31$¢ De¢ern￿r 2021 The directors. vtho also act as twu￿ees of Ihe dwnty. present their report and the ffinanrial slalements for the year endeij 31st December 2021. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 01193919 (England and Wale51 Reglstered Charity numbei 269184 Principal office London Handel Society Limrted PO Box 76210. London NW1W 8JN Register￿ officg Lynton House 7-12 Tavistock Square Lond WC1H 9LT T￿￿tee l M Adams G Batsleer (Resigned 26th Septemter 2021) C H Eggs IAFpointed 25b) April 2022} V S Harrig>n M D Holley R H Hopkin Ichaiman) J M Ingham (Resigned 17th May 2021) R Lawrence J M Liverseidge A Packman MHASctstt R M YoLW)g Company Secr•tary R Laviren Independent Examiner Janice Matthews FCA Menzies LLP Chartered Accountsnts Centrum Housè 36 Stat￿n Road Egham 20 9LF Bankers National WÈstminster Bank plc 250 Regent Street London W1B 3BN Page 1 Docusign Envew D.. 308150EE-BC6F4239815&9F1A23D70414 LONDON HANDEL SOCIETY UMITED REPORT OF THE TRUSTEES for the Year El￿ed 31$t Decem￿r 2021 The Tfustees are pleased to wtsent Ihwr report of acli¥itie5 and ac£ounts of the London Handel Society Limited for Ihe year ended 31st DecembÈr2021. These attr￿ntS comply with the Artides ofAssoriatk)n, the latest approved on 16th May 2016, the charit￿$ Ad 2011, the Companies Act ar￿ A￿untIng and ReWing by Charities.. Statement of RecommerKled Pradice appltsble to tharity.es weparing Iheir accwnts in accordance wth the Financial Reporting Standard appli¢able in the UK and Republi¢ of IrelaThJ {FRS1021 leffeGtNe 151 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT Constitution Londcffi Handel Soc4ety knmited (the -so0"e￿ is a tharrtat4e ￿MpanY fimitet1 by guarantee and 1$ wvemed by ts Memorandum and Ariides of Associaiion. Ir￿lated on 161h December 1974 its current name was reglSteret ¢kn"ng what conb.nues to te an exceplwyiaty difficjjtt period fu the Festival. and the arts in gener81. N¥w F¢stival Direetar Our Fèstival Oirecior Samir Savant left us in Ihe sumrrer of 2021 to take up a new posibt)rt as Chief Exethe of Sl. GeoTge's Bristol. We thank Samir for his stroThJ Contribu￿On to our succE55 over the last yeats as our first fvii-time Festival Oir¢¢tor, and wish him w￿1 in his new role. After a suitable search and recTuiirnenl process carried in ac£tyd•rKe with wr inlemal goveman¢¢ rubs. Gregory 8otsYe$f w¥$ appointed our new FestNal Director in November 2021. Volunt¢•rs Many front-of-house volunteers helpedvth events WeW￿ able to stage atthè minr-FestTval as well as OLff digital content and social media aclivity. Their tasks are crib"cJ lo our success and include writiny trust applications, film edits"n9, social meilrd. research. donor stewardship and genw* #thiini5traI￿. Tk* Trustees are very gr8tefvl to them all for their supwt. Gaing Concern After making appropiiate eTh]uiries. deS￿e the effe¢l ol tr* Cry4i&19 paThJemic whi¢h materi811y affected the 2021 Feslival, Ihe Twslees have a reasonable expectst1￿ that the soty.ety has adequate ￿5¥Ur¢¢$ to continue in 0￿raIl￿n01 existence for the foreseeable future. For this reason, it conbnues to adopt Ihe going concem basis in preparir*J the financial statements. Further details ￿gardIng the adoption of the g￿r￿j corw basis can be found in the Aco)unting Policie5. Page 3 0o¢uSwJn Envelcpe ID.. 308150EE-8C6F423M15&9F1A23D70414 LONOOM HANDEL SOCIETY LIMITED REPORT OF THE TRUSTEES forthe Year End￿ 31st Dee¢mb¢r 2021 FINANCIAL REVIEW R•sults for thè y•or A Statement of Finanual Adivil*s is irtluded on page 6. There was a net movement in tota ffiJnds of a surplus of t￿,54212020. £60n. Gross irwme for the year was £259.523 12020". £270.949), and expenditure £219.47912020." £286.081). Inc(rfne of £27 was earred from investment512020'. £YJ61. Total funds at 31 st December 2021 amounted to £274.64412020". £218,102}. Ofthese, £108.579 were unre*ricred12020'. £68.5351, £Nil reslrKled12020' £Nill and £166.C65 related to the endowment Q020". £149.$67). Reserves policy The directors are of the view Ihat. in leryns of income reseryes ￿e￿[ab￿ to meet any outslanding liabilitti, atwroximalety 10h of lumover woukl be a suitable largel. Ho%￿ler due to the financial constraints on ihe Soctety's funds. reserves fluctuate from year to year. At 3151 December 2021. the Souety's reserves amounled to £108.579. The Trustees arè conb"nualty enga9ed in seeking donati¢M$ and methcrfjs of raisirg. The Reserves PolKy was last wiewed and approved by the Trustees in April 2020. Major Donors and Supporte The Soaety wishes to express rts gralefijl Ihanks to ai rts don￿ and SUPF¥Jlets for thw"r ¢ontinwny 9enerosity, includirrfJ in particular the lollowirg major donors. The Britford Bridge Twst London Handel Sooety Enth)wment Fund- Found*￿ Mi Mertsyy of Hryward and Nan Hopkin Arts Council England Samir Savant in memory of Mithael Ewart Maria Bjomson Memoiial Fund . Darwn Escapes The Camé Trusl Conlinuo Foundation Maecenas Tnjst Vicloria Wood Foundal¢on Kiri Te Kanawa Foundat￿ IUK) Oyly C8rte charitab￿ Trust Members ol the Direclof s Cwde. Patrons Cird•. Bènetactots aThJ A$S￿late Benef￿torS the Friends ofthe London Handel Society OBJECTIVES FOR FUTURE PERIODS Thg main ¢4j¢dive forfuture periojs contirwe$ lo te to rnaintain Ihe MUS￿￿1 and arbsbc integrity ofthe Festival in support ofthe obJ"eth"ves oflhe Society, while reco9nising thè need to ensurtthatlhe Sorievs resources are managed responsibly. This is lo be achieved by engagement vthh fnends and Supp￿terS and by arranging luture lund-raising evert5. This report has been P￿pared in aCcOrda￿e with the special FXOViSK)rts of Part 15 of the CoM￿nieS Acl 2OJ6 relating lo small companies. ON BEHALF OF THE BOARD. C4DF Richa¥￿'¥In- Chaimian Dale.. 16-Sep-2022 Page 4 DooJSign Envehjpe ID.. 3OelSCEE-W423￿1s￿FlA2307oII4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONDON HAIIDEL SOCIETY UMITED I report on the charity trustees on my exar¥Mn•tson of the ￿e￿￿rtS of London HaTrJel SocW"ihe Companf for the year ended 31st December 2021. Responsibilities and basis ol rgport As the charity's tnjstees of the Company land also rts direclors for the purp)ses ol company lawl you #re rèssy)n$ible f Ihe preparation of Ihe a¢¢ount$ in acryjrdance the fequirements of the Compar4e5 Ad 2006 fihe 20￿ Ad). Having satisfied myself that the ac£ounts of Ihe Company a￿ not required to be 8￿Jited under Part 16 ofthe 2008 Ad and are elwJible for indepèndent examination, l ￿￿<￿t in respect of my examination of your ¢harrty's ¥counts as carried out undef Section 145 of the Charitles Act 2011 (the 2011 ACYI. In carwn9 OLbt rny examina1￿ I have follo￿d the Oirections gNen by the Charity Commission under section 14515} (bl of 2011 Act. Indèpèndent examSnerf$ statem•nt Since the CompanYs gros5 incoTWE ex¢ee(led £250,C((l your eXam1r￿ must be a member of a t￿Y listed in seclion 145 of the 2011 Aci. I confirm that l am qualified to urKlertske the examination because l a member of ICAEW. which is one of the listed bo(lie5. I have completed my examinalion. I cOnfi￿n that no mattw5 have rnme lo rny attenb.on in ¢onne¢tion wilh ihe examination gNing m• cause to believe.. 1. accounting records were not kepl in respÉd ol the Compa)y as required by section 386 ofthe 2Cth Act: or 2. the accounts do not accord wth thjse recort1s," or 3. the accounts do mt comF4y wrth thè atttyJntin9 reqU1￿MentS ol seclion 3% of 2006 Act 01herthan 8ny requiremenl thal thè accounts gNe a'iwe and fair view whith is not a maller considered 8$ part of an independent examination,. or 4. the accounts have not been prepared in accordarKe with Ihe methods •)d s)MciF4es of the Statement of Recommended praCt￿e for ac￿￿ntIrtsj and reportin9 by ¢hanb"ès applutle to charities preparing thwr accounts in accordance with the Financial Repoth"ry Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no ¢on¢em$ and have come across no other matters in conneclion wrth the examination to which attention shouk be drawn in this report in order to enable a proper ￿derstandIng of the accwnts to be rèached. This report is made solety to the COMpan￿S Trustees. as a boty. in Parl 4 ofthe Charitiè$ (Aeeount$ and Reports) Regulations 2008. My work has teen undertaken so that I might state to the Company's Trustees those matters l am required lo $tste lo them in an Independent examinerfs report and foi no other purpose. To the fulle¥t extent permitted by law, I do not accept or assume responsitAIty lo anyone olher than thè C¢)mpary and Ihe Company's Trustees as a body, for my woth ￿ for this report. vi•&FCA Menzies LLP Chartered Accountants Centrum House 36 Slalion Road Egham W20 9LF Dale.. 20-Sep-2022 Pa9e S OovJs*nErMkyiD. MBISQE&aV4t3MIW1*23DT0414 STATEMEKfoF HNAMCLiLACTIVTllES ONCORFOIIAllNG AN INCOMEAIIO EXPENDtTUREACC(ThD f*rtheYe*r EfvJt031st DK•mlxra721 2fy 202fy Tatsl knd funds INCOMEAND ENDOlbWENTS FRCII.. 221.758 221.758 222.169 824 27 CharttrtrA•ath￿: 47 259.523 270,949 EXPENDtfuAÉON: 10.n> 10.739 18.8e2 267 19 Tolal 119m 219.479 2e6.081 NETirKrwEXPEIIOWWUREI BEFORE GAIN5 1 ILOSSESI ON INVE5TMErir5 {15,1321 UNREAUSEDGAINSON INVESIIIENTS 16.4ge 1fj,498 15.739 NeTIMCOMEPIExpeNtX7UREI 16 RÉCONCIUATION L¥FUNDS T¢tal 149.867 218.102 217,495 TofAL FUMDS CARRIÉD FORWARD Do¢uSWJn Envelope ITr. ￿8150EÉ.8CEF423￿lsWFl￿2JD7O4I4 LONDON HANDEL SOCIETY LIIMTED BAL4NCE SHEET At 31sl Oecembef 2021 2021 2020 Notes TANGIBLE FIXED ￿￿ETs Investments 14 166.074 149.576 CURRENT ASSETS Stock Debtors Cash at bank 100 39.740 137393 15 32,714 152413 177.23J 185,227 CREDITORS Amounts falliNJ duè within one year 16 {68,6631 (116.7011 NET CURRENT ASSETS 108.570 68,526 TOTAL ASSETS LESS CURRENT LIABILMES 274.644 218,102 NET ASSETS 218.102 FUNDS OF THE CHARITY Unresliicted funds Endowment furn15 108.579 68,535 149,￿7 TOTAL FUNDS 218,102 The charitable company is enlitled to exefflplW￿ from audit under SedKffl 477 01 the Compan￿5 Act 2(M)6 for the year ended 31sl December 2021. The mem￿r5 have not require(I Ihè Chantab￿ company lo obtain an audrt of rts financial statements fot the yèar ended 3151 Decemb¢r 2021 in acwdance with Section 476 of the Companies Ad 2U)6. The trustees aCknOw￿dge their respons¢￿'litIeS for lal ensuring that Ihe charitable company keeps acC￿ni￿ rec•yds that o)mF4y tmth Sects"ons 386 and 387 of the Companv6 Acl 20C6 and preparing finanaal statements whith give a true and tsir bry*Af of ts slate of affairs of thè charitable company as at the end of eath finarKial year and of its suwplus or defiut for each ffinancial year in accordance wlh tho requiremenis ol Sectmjns 3g4 and 395 and which otheMise comply wth the requirements of the Companies Act 20Cfj relating to finarwl statements. so far as appltsbk to the tharrtable C￿￿panY. Ibl These financial slatemenls have been prepared in accord￿ with the w0vi￿On$ ap￿ICable to companies subject to the smam companies, wim$ aThJ in acc￿dance the provisions of FRS 102 Sec*on 1A- small entiti"e$. The financial statements were approved by the Board of Twstees on behalf by: 16-Sep-2022 and were stwed on its Doc¥S*n•dbr. DF Company regi5traiion number.. 01193919 Page 7 Docuswn En¥elope1Tr. 30B150EE-BC6F423M1599F1A23070414 LONOON HANOEL SOCIE￿ LIMITED STATEMENT OF CASH FLOWS At 31st t)tcemb•r 2021 2021 Total 2020 Total Cash flows from op•rallng activitl•s: Net movement in funds Less.. Interest received Less." Unrealised appreciation in market vaue of invesbnents Ilncreaseydecsease in debtors lincreaselldecrease in stcrk IncreaselldecTease} in creditors 56.542 127) {16.498) 607 15961 115.7391 17.026) 100,833 148.038) 117.3531 Net ca¥h uwl in opwaling aclivities 115.0471 67,752 Cash flows from Investing activities: linu¢aselldecrea5e in irN?strnents Bank interesl received Unrealised app￿cIal￿n in market ¥a￿e of investm 27 N•t cash usedln investing activities 27 596 Change in cash and cash equivalents in the year 115.0201 68.348 Cash and cash equivalents broughl fe