## **Trustees’ Annual Report for the period** **From 01 August 2022 To 31 July 2023** **Charity name: The Royal Tunbridge Wells Choral Society Charity registration number: 273310** ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To educate the public in the art and science of**
**music and in particular the art of choral**
**singing, through the presentation of public**
**concerts and in such other ways as the**
**Society shall determine from time to time by**
**the decision of its Committee.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17
and 1.19|**The Society gave four concerts during the**
**reporting period. Handel’s Messiah at the**
**Assembly Hall Theatre in October; “A French**
**Christmas” featuring Charpentier Midnight**
**Mass and French carols at St Mary’s,**
**Goudhurst in December; Karl Jenkins’ “ The**
**Peacemakers” at the AHT in April ’22 and a**
**summer concert of Gilbert & Sullivan selected**
**choruses at Holmewood House School**
**Theatre, TW in July.**
**Our annual carol singing visit to Halliwell was**
**scheduled to resume for the first time since**
**the epidemic but unfortunately had to be**
**cancelled on the day due to extreme weather!**
**.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Membership of the Society is open to anyone**
**who is able to attend the weekly term time**
**rehearsals. A membership subscription is**
**payable with concessions made from time to**
**time for those who may not be able to pay the**
**full fee.**| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 1 |Policy on grant making||| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|**The Society is run entirely by volunteers,**
**principally through a dedicated and hard**
**working Committee, with the active support of**
**all its members.**| |Other||| ## **Achievements and Performance** ||SORP
reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The return to live music making following the**
**pandemic hiatus continued to be a joy and**
**uplifting to both choir members and our**
**audiences. Choir numbers continued to**
**steadily increase over the reporting period,**
**welcoming many new as well as returning**
**members.**
**The choir tackled a broad range of musical**
**styles this season, under the tutelage of our**
**Musical director, Robyn Sevastos and**
**accompanist Craig Hudson Their support,**
**expertise, enthusiasm and musical leadership**
**continues to be both appreciated and vital.**
**The four concerts staged during the season**
**were well received, especially the Spring**
**concert of the Peacemakers. Attendance**
**numbers at the Assembly Hall concerts were**
**up significantly. Disappointingly, however,**
**the audience was down at Christmas due to**
**poor weather and an unexpected clash with a**
**World Cup Football match.**| **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set 2 |||| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|**No extraordinary fundraising activities were**
**undertaken during the reporting period but**
**the reintroduction of the weekly raffle did**
**raise £900. We were also successful in**
**applying for a community grant from Southern**
**Water and received £500.**
**The season did see the reintroduction of**
**some dedicated social events for the choir; a**
**Christmas choir tea at Goudhurst, an evening**
**social dinner in January as well as an end of**
**season garden party in July.**| |Investment performance
against objectives|Para 1.41|| |Other||| 3 ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The Society's financial position at year end is**
**healthy. We had built up an appropriate**
**buffer of reserve funds which ensured we**
**could resume activities without undue worry.**
**Subscription income increased due to**
**continued growth in membership numbers.**| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The Society has never aimed to make a**
**surplus from its activities but retains cash**
**reserves in the interests of prudence. For**
**instance, the Society has always recognised**
**the financial risk of a series of poorly**
**attended concerts. This philosophy means**
**we have been extremely fortunate to avoid**
**financial difficulties and were well positioned**
**to resume full operations post pandemic.**| |Amount of reserves held|Para 1.22|**£44,923**| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
**The Society has significant expenses in the**
**provision of rehearsal venues, concert halls,**
**music hire, professional soloists and**
**instrumentalists for concerts and publicity.**
**Our income derives from members'**
**subscriptions, patrons' contribution, concert**
**ticket sales, donations, legacies, occasional**
**sponsorship and advertising. Members are**
**also prepared to raise valuable income from**
**regular raffles.**
**Such expenditure is necessary if we are to**
**put on the best possible performances in**
**keeping with our object of entertaining and**
**education the public and maintaining the**
**tradition of high quality classical choral**
**music in the local area.**
**Attendance at our concerts continued to**
**recover with the spring performance of**
**Jenkins’ The Peacemakers generating our**
**largest audience in many years.**
**Subscription income increased as choir**
**numbership has now exceeded pre pandemic**| |---|---|---| 4 |||**numbers with all members paying a**
**subscription (with concessions as detailed**
**previously).**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| 5 ## **Structure, Governance and Management** |Description of charity’s trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Revised constitution adopted 05 September**
**2011 as amended 24 October 2016.**| |How is the charity constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**unincorporated association**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to
appoint one or more trustees|Para 1.25|**The Society is run by an elected Committee**
**of Officers and ordinary members, all of**
**whom are Trustees by virtue of their**
**membership of the Committee.**
**Officers may serve for an indefinite period**
**subject to re-election by the general**
**membership at each Annual General**
**Meeting. **
**Ordinary members of the**
**Committee are elected for a fixed term of**
**three years. They may be re-elected after a**
**period/gap of at least a year. Additional**
**members may be co-opted to the Committee**
**as necessary and subject to approval by the**
**Society at the next available opportunity.**
**The Musical Director and Rehearsal**
**Accompanist may also attend Committee**
**meetings as ex-officio non voting members.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**The Committee, all of whom are Trustees, is**
**the governing body. Officers hold specific**
**functions and a Management Sub-**
**Committee leads much of the day to day**
**work of programme planning, rehearsal**
**organisation and other detailed operational**
**issues.**
**The Society is a long standing member of**
**Making Music (formerly the National**
**Federation of Music Societies) which**
**provides advocacy, advice and support as**
**well as insurance and collection of**
**Performing Rights Society fees.**| |Relationship with any related
parties|Para 1.51|| |Other||| 6 ## **Reference and Administrative details** |Charity name|**Royal Tunbridge Wells Choral Society**| |---|---| |Other name the charity uses|| |Registered charity number|**273310**| |Charity’s principal address|**c/o Michael Selway**
**Edensor**
**Linden Park Road**
**Tunbridge Wells**
**KENT TN2 5QL**| ||| 7 ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**| |---|---|---|---|---| ||Michael Selway|Chair||| ||Glen Goodall|Vice Chair|Stood down Nov 2022|| ||Clive Steward|Vice Chair|Elected Nov 2022|| ||Ailsa McMahon|Treasurer||| ||Janet Noble|General Secretary
Minutes Secretary||| ||Sheila Jones|Concert Secretary||| ||Jane Walters|MembershipSec.||| ||Judith Henderson|Librarian||| ||AntonyGordon|Website Manager|Stood down Nov 2022|| ||Isobel Lowe|Publicity Secretary|Co-opted Aug 2022,
ratified Nov 2022|| ||Maggie Hall||Stood down Nov 2022|| ||Pippa Doran||Stood down Nov 2022|| ||Nina Filby||Elected Nov 2022|| ||Nicholas Franck||Co-opted January 2023|| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** ## **NONE** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year NONE** 8 ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity None Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** 9 Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of th& charity's trustees Signature{s) Full name{s Position (eg Secretary, Chair, etc) Michael Selway ANEf No6LÈ Chair Date 19.5.10 CHARifi (i)MMISSION fOR MID ￿LEs Indo￿nd￿nt èxamina￿ s rèport on tht Counts $prlion A 11bdtr￿￿￿0ml E￿￿kINer'S FIgYAL Ti)N8R4[)￿ V￿Lis CHORAL Sotitry Or4 *É¢OLthta ' >1 JVLY 2023 I￿rj•￿ ¢14itW . 27331 knyj 9•t IJT024 POMlblM*• *r4d ol rnpprt •WA¢n 411 4￿n by K4*r S*¢N￿ I4￿SN￿) ¢1 Aci. PIMCh*hliè* t4￿￿rth1￿ ft￿ DJrIL￿r of JQL lh& Ch*MièS eAccoMt* wj Rog￿t￿TrE 2rm oihLThr Ilwi 4ny Ih lo 4￿b￿n lTrIh￿ I , FCA Ilf •rtyJ'. 1T |**Royal Tunbridge Wells Choral Society**|**Royal Tunbridge Wells Choral Society**|**Royal Tunbridge Wells Choral Society**|Charity No
(if any)|273310|| |---|---|---|---|---|---| |Annual accounts for theperiod|||||| |Period start date|01-Aug-22|**To**|Period end
date|**31-Jul-23**|| ## **Section A Statement of financial activities** |Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Investments
S04
**_Total_**
S07
**Resources expended (Note 4)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
**_Total_**
S12
**Net income/(expenditure)**
S15
**_Net movement in funds_**
S20
**_Reconciliation of funds:_**
Total funds brought forward
S21
**_Total funds carried forward_**
S22
**Recommended categories by**
**activity**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**| |---|---|---|---|---|---| ||19,351|-|-|19,351|15,452| ||15,536|-|-|15,536|12,731| ||365|-|-|365|12| ||35,252|-|-|35,252|28,195| ||||||| ||1,870|-|-|1,870|881| ||29,135|-|-|29,135|31,407| ||31,005|-|-|31,005|32,288| ||||||| ||4,247|-|-|4,247|(4,093)| ||4,247|-|-|4,247|(4,093)| ||||||| ||44,923|-|-|44,923|49,016| ||49,170|-|-|49,170|44,923| 13 ## **Section B Balance sheet** |Guidance Notes
**Current assets**
**Debtors (Note 6)**
B07
**Cash at bank and in hand (Note 7)**
B09
**_Total current assets_**
B10
**_Net current assets_**
B12
**_Total assets less current liabilities_**
B13
**_Total net assets_**
B16
**Funds of the Charity**
**Endowment funds**
B17
**Restricted income funds**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
**Current assets**
**Debtors (Note 6)**
B07
**Cash at bank and in hand (Note 7)**
B09
**_Total current assets_**
B10
**_Net current assets_**
B12
**_Total assets less current liabilities_**
B13
**_Total net assets_**
B16
**Funds of the Charity**
**Endowment funds**
B17
**Restricted income funds**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21
Signed by one or two trustees on behalf of all
the trustees|**£**
F01
**Unrestricted**
**funds**|**£**
F02

**Restricted**
**income**
**funds**|**£**
F03
**Endowment**
**funds**|**£**
**£**
F04
F05
**Total this**
**year**
**Total last**
**year**|**£**
**£**
F04
F05
**Total this**
**year**
**Total last**
**year**| |---|---|---|---|---|---|---| |||224|-|-|224|112| |||48,946|-|-|48,946|44,811| |||49,170|-|-|49,170|44,923| |||||||| |||49,170|-|-|49,170|44,923| |||||||| |||49,170|-|-|49,170|44,923| |||||||| |||49,170|-|-|49,170|44,923| |||||||| |||||-|-|-| ||||-||-|-| |||49,170|||49,170|44,923| ||||||-|| |||49,170|-|-|49,170|44,923| |||||||| |||Signature||Print|Name|Date of
approval
dd/mm/yyyy| |||||||| |||||||| 14 **Section C Notes to the accounts** ## Note 1 **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ü * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. _**Not applicable Not applicable Not applicable**_ ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2. |Yes*
No*|ü||* -Tick as appropriate| |---|---|---|---| ||||| ## _**Please disclose:**_ 15 |**_(i) the nature of the change in accounting policy;_**|**_Not applicable_**| |---|---| |**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_and_**|**_Not applicable_**| |**_(iii) the amount of the adjustment for each line affected in_**
**_the current period, each prior period presented and the_**
**_aggregate amount of the adjustment relating to periods_**
**_before those presented, 3.44 FRS 102 SORP._**|**_Not applicable_**
| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes* ü * -Tick as appropriate No* ## _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of any changes;_**|**_Not applicable_**| |**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|**_Not applicable_**| |**_(iii) where practicable, the effect of the change in one or_**
**_more future periods._**|**_Not applicable_**| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes* ü * -Tick as appropriate No* ## _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of the prior period error;_**|**_Not applicable_**| |**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|**_Not applicable_**| |**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|**_Not applicable_**| 16 **Royal Tunbridge Wells Choral Society** Registered Charity no. 273310 Report and accounts for the year ended 31 July 2023 **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.1 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._ |**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
**Offsetting**
**Grants and donations**
**Legacies**
**Government grants**
The charity has received government grants in the reporting period
**Donated goods**
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
· the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Contractual income and**
**performance related**
**grants**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| 17 |**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
**2.2 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
**Provisions for liabilities**
**2.3 ASSETS**
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed.
**Intangible fixed assets**
They are valued at cost.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which give a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed.|ü|ü|ü| |---|---|---|---| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||||| ||||| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| ||Yes
No
N/a||| ||ü|ü|ü| 18 |**Heritage assets**
Yes
No
N/a
ü
ü
ü
Yes
No
N/a
They are valued at cost.
ü
ü
ü
**Investments**
Yes
No
N/a
ü
ü
ü
Yes
No
N/a
ü
ü
ü
Yes
No
N/a
ü
ü
ü
Yes
No
N/a
ü
ü
ü
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Yes
No
N/a
ü
ü
ü
**Debtors**
Yes
No
N/a
ü
ü
ü
**Current asset investments**
Yes
No
N/a
ü
ü
ü
Yes
No
N/a
They are valued at fair value except where they qualify as basic financial instruments.
ü
ü
ü
None
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||
Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| ||Yes
No
N/a|||| |||ü|ü|ü| |||||| 19 Registered Charity no. 273310 Report and accounts for the year ended 31 July 2023 ## **Royal Tunbridge Wells Choral Society** **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Analysis**
**Total funds**
**Prior year**
**£**
**£**
Donations andgifts
2,143 - - 2,143 1,569
Gift Aid
1,907 - - 1,907 1,710
14,223 - - 14,223 11,913
Members raffle etc
1,078 - - 1,078 260
**Total** 19,351 - - 19,351 15,452
Sales of tickets - Autumn concert
5,495 - - 5,495 3,302
Sales of tickets - Christmas concert
892 - - 892 633
Sales of tickets - Springconcert
5,718 - - 5,718 4,715
Sales of tickets - Summer concert
1,788 - - 1,788 1,931
Subtotal ticket sales
13,893 - - 13,893 10,581
Sales ofprogrammes
935 - - 935 1,077
Sale and hire of music
708 - - 708 1,073
Other
- - - - -
**Total** 15,536 - - 15,536 12,731
Interest income
365 - - 365 12
**Total** 365 - - 365 12
**TOTAL INCOME**
35,252- -35,252 28,195
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Donations**
**and legacies:**
Membership subscriptions and sponsorships
which are in substance donations
**Charitable**
**activities:**
**Income from**
**investments:**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||Donations andgifts|2,143|-|-|2,143|1,569| ||Gift Aid|1,907|-|-|1,907|1,710| ||Membership subscriptions and sponsorships
which are in substance donations|14,223|-|-|14,223|11,913| ||Members raffle etc|1,078|-|-|1,078|260| ||**Total**|19,351|-|-|19,351|15,452| |||||||| ||Sales of tickets - Autumn concert|5,495|-|-|5,495|3,302| ||Sales of tickets - Christmas concert|892|-|-|892|633| ||Sales of tickets - Springconcert|5,718|-|-|5,718|4,715| ||Sales of tickets - Summer concert|1,788|-|-|1,788|1,931| ||Subtotal ticket sales|13,893|-|-|13,893|10,581| ||Sales ofprogrammes|935|-|-|935|1,077| ||Sale and hire of music|708|-|-|708|1,073| ||Other|-|-|-|-|-| ||**Total**|15,536|-|-|15,536|12,731| |||||||| ||Interest income|365|-|-|365|12| ||**Total**|365|-|-|365|12| |||||||| |||35,252|-|-|35,252|28,195| ## **Other information:** **All income in the prior year was unrestricted There were no income items requiring separate disclosure on grounds of materiality** 20 **Royal Tunbridge Wells Choral Society** Report and accounts for the year ended 31 July 2023 Registered Charity no. 273310 ## **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of expenditure** |**Note 4 Analysis of expenditure**|**Analysis of expenditure**|||||| |---|---|---|---|---|---|---| |**Analysis**
Web hosting/development
MakingMusic subscription/insurance
Printing, secretarial & sundry
Bank charges
**Total expenditure on raising funds**
Orchestras and soloists
Rehearsal hall hire
Concert hall hire
Music purchase and hire
Printing, postage, publicity
**TOTAL EXPENDITURE**
**Expenditure on**
**raising funds**
**Expenditure on**
**charitable**
**activities**
Musical director and rehearsal
accompanist
**Total expenditure on charitable**
**activities**|**Analysis**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**||||| ||Web hosting/development|328|-|-|328|174| ||MakingMusic subscription/insurance|433|-|-|433|235| ||Printing, secretarial & sundry|1,044|-|-|1,044|317| ||Bank charges|65|-|-|65|155| ||**Total expenditure on raising funds**|1,870|-|-|1,870|881| |||||||| ||Musical director and rehearsal
accompanist|8,486|-|-|8,486|8,726| ||Orchestras and soloists|6,680|-|-|6,680|8,277| ||Rehearsal hall hire|2,146|-|-|2,146|2,245| ||Concert hall hire|8,775|-|-|8,775|8,428| ||Music purchase and hire|1,245|-|-|1,245|836| ||Printing, postage, publicity|1,803|-|-|1,803|2,895| |||29,135|-|-|29,135|31,407| |||||||| |||31,005|-|-|31,005|32,288| 21 **Royal Tunbridge Wells Choral Society** Report and accounts for the year ended 31 July 2023 Registered Charity no. 273310 **Section C Notes to the accounts** ## **Note 5 Details of certain items of expenditure** ## **Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es)**_ |**_Please provide details of the amount paid for any statutory external_**
**_scrutiny of accounts and other services provided by your independent_**
**_examiner. If nothing was paid please enter '0' in the appropriate_**
||| |---|---|---| |**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**
**_box(es)_**
**Other fees (for example: financial advice, consultancy, accountancy**
**services) paid to the independent examiner**|**This year**
**£**|**Last year**
**£**| ||0|0| ||0|0| ||0|0| ||0|0| 22 Registered Charity no. 273310 ## **Royal Tunbridge Wells Choral Society** Report and accounts for the year ended 31 July 2023 **Section C Notes to the accounts (cont)** |**Note 6 Debtors and prepayments**
**Prepayments and accrued income**
**Total**||| |---|---|---| ||**This year**
**£**|**Last year**
**£**| ||224|112| ||224|112| |**Note 7 Cash at bank and in hand**
**Short term deposits**
**Cash at bank and on hand**
**Total**||| |---|---|---| ||**This year**
**£**|**Last year**
**£**| ||39,597|14,268| ||9,349|30,543| ||48,946|44,811| 23 **Section C Notes to the accounts (cont)** ## **Note 8 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **8.1 Trustee remuneration and benefits** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **1** ## **8.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ **No trustee expenses have been incurred (True or False)** **1** ## **8.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ **There have been no related party transactions in the reporting period (True or False)** **1** 30/05/2024 24