ST ALBANS BACH CHOIR
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] JULY 2023
Registered Charity No: 285602
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
CONTENTS
| Charity information | 2 |
|---|---|
| Trustees’ Report | 3 - 4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the accounts | 8 - 19 |
1
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
CHARITY INFORMATION
Trustees
V Burgess (to AGM 2022) J Chandler-Smith A Howse N Salisbury C Stephenson C Wood (from AGM 2022)
J Burke C Godfrey (to AGM 2022) J Likierman (to AGM 2022) M G Spencer A Stevens (from AGM 2022)
Principal Address
3 Popes Road Abbots Langley Hertfordshire WD5 0EY
Charity Registration Number
285602
Independent Examiner
S Robinson Mercer & Hole LLP Chartered Accountants 420 Silbury Boulevard Central Milton Keynes Buckinghamshire MK9 2AF
Principal Bankers
Lloyds Bank plc 67 High Street Watford Herts WD17 2DU
COIF Charities Deposit Fund CCLA Investment Managers Limited Senator House 85 Queen Victoria Street London EC4V 4ET
2
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
TRUSTEES’ REPORT
The trustees present their annual report with the financial statements of the charity for the year ended 31[st] July 2023.
Constitution and objects for the public benefit
The charity is governed by its constitution, last revised in June 2002. The constitution contains no restrictions. It is administered by a committee, members of which are elected at the Annual General Meeting to serve for a minimum of three years. Committee members are recruited from the membership of the choir and act as the charity’s trustees. Induction training is provided for all new trustees.
The trustees confirm that they have made reference to the guidance of the Charities Commission general guidance on public benefits when reviewing their aims, objectives and future activities of the charity.
The objects of the charity are to improve public appreciation of music through choral concerts.
Review of the Development, Activities and Achievements of the Charity, and how the Charity delivers public benefit
The deficit for the year amounted to £6,308.
Reserves
The accumulated funds as at 31[st] July 2023 were £92,302 of which £6,750 related to designated funds.
The trustees have determined that an appropriate level of available reserves should be equivalent to at least twelve months’ expenditure.
Investments
The charity’s constitution requires its assets to be invested in Great Britain, in bank accounts or safe interestbearing securities.
3
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
TRUSTEES’ REPORT (continued)
Major risks
The trustees have taken steps to identify the major risks to which the charity is exposed, and systems have been established to mitigate those risks.
Future Development
With operations having returned to normal in the 2022-23 season, the Trustees are busy planning for the Choir’s Centenary in 2024.
Trustees’ Responsibilities in relation to the Financial Statements
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Make judgements and estimates that are reasonable and prudent;
-
Observe the methods and principles in the Charities SORP 2019 (FRS 102);
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
.................................................... N Salisbury .................................................... C Stephenson Date: 10[th] October 2023
4
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ST ALBANS BACH CHOIR
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31[st] July 2023 which are set out on pages 1 to 19.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Steve Robinson FCA Mercer & Hole LLP 420 Silbury Boulevard Central Milton Keynes MK9 2AF
Date October 2023
5
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
| STATEMENT OF FINANCIAL | ACTIVITIES | ACTIVITIES | |||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Total | Total | ||
| General | Designated | Unrestricted | Unrestricted | ||
| Note | Funds | Funds | 2023 | 2022 | |
| Income: | £ | £ | £ | £ | |
| Subscriptions | 2 | 33,640 | - | 33,640 | 28,214 |
| Legacies and donations | 3 | - | - | - | 78 |
| Interest | 1,131 | - | 1,131 | 120 | |
| Taxation recovered from Gift Aid | 7,133 | - | 7,133 | 5,957 | |
| Carol concert | 4 | 11,579 | - | 11,579 | 13,560 |
| Major concerts | 5 | 20,637 | - | 20,637 | 34,685 |
| Other income | 6 | 2,336 | - | 2,336 | 1,088 |
| __ | __ | __ | __ | ||
| Total income | 76,456 | - | 76,456 | 83,702 | |
| __ | __ | __ | __ | ||
| Expenditure: | |||||
| Charitable Expenditure | |||||
| Carol concert | 4 | 11,208 | - | 11,208 | 10,875 |
| Major concerts | 5 | 67,760 | - | 67,760 | 92,060 |
| __ | __ | __ | __ | ||
| 78,968 | - | 78,968 | 102,935 | ||
| Management and Administration | |||||
| Administration costs | - | - | - | - | |
| Subscriptions and affiliation fees | 757 | - | 757 | 734 | |
| Audition costs | 7 | 2,011 | - | 2,011 | 471 |
| Singing lessons and workshops (net) | 1,145 | - | 1,145 | 385 | |
| Website and IT | 259 | - | 259 | 329 | |
| Sundry expenses | 8 | 80 | - | 80 | 363 |
| __ | __ | __ | __ | ||
| Total expenditure | 83,220 | - | 83,220 | 105,217 | |
| __ | __ | __ | __ | ||
| Net expenditure/income before gains on investments |
(6,764) | - | (6,764) | (21,515) | |
| Gains on investments | 11 | 456 | - | 456 | 798 |
| __ | __ | __ | __ | ||
| Net expenditure/income | (6,308) | - | (6,308) | (20,717) | |
| Transfer between funds | - | - | - | - | |
| __ | __ | __ | __ | ||
| Net movement in funds | (6,308) | (6,308) | (20,717) | ||
| Total funds brought forward | 91,860 | 6,750 | 98,610 | 119,327 | |
| __ | __ | __ | __ | ||
| Total funds carried forward | 14 | 85,552 | 6,750 | 92,302 | 98,610 |
| ========= | ========= | ========= | ========= | ||
| The notes on pages 8 to 19 form | part of these accounts |
6
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
BALANCE SHEET
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Floodlighting and music stands at cost | 658 | 658 | |||
| Less accumulated depreciation | (658) | (658) | |||
| Investments: COIF Investment account | 11 | 48,370 | 47,914 | ||
| __ | __ | ||||
| 48,370 | 47,914 | ||||
| Current assets | |||||
| Stock of music | 626 | 626 | |||
| Debtors | 12 | - | 7,794 | ||
| Cash at bank: Lloyds Treasurers account | 1,046 | 3,493 | |||
| Cash at bank: COIF Deposit account | 42,730 | 42,099 | |||
| Cash in hand | - | - | |||
| __ | __ | ||||
| 44,402 | 54,012 | ||||
| Creditors: amounts falling due within one year |
13 | (470) | (3,316) | ||
| __ | __ | ||||
| Net current assets | 43,932 | 50,696 | |||
| __ | __ | ||||
| Net assets | 92,302 | 98,610 | |||
| ========= | ========= | ||||
| Accumulated funds | |||||
| Unrestricted general funds | 14 | 85,552 | 91,860 | ||
| Designated funds | 14 | 6,750 | 6,750 | ||
| __ | __ | ||||
| Total charity funds | 15 | 92,302 | 98,610 | ||
| ========= | ========= |
Approved by the Board of Trustees and signed on its behalf by
................................................ C Stephenson
Date: 10[th] October 2023
The notes on pages 8 to 19 form part of these accounts
7
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS
1. Accounting policies
The accounts 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) (issued in October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements have been prepared to give a ‘true and fair’ view and have therefore necessarily departed from the extant Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Statement of Recommended Practice: Accounting and Reporting by Charities effective from 1 April 2005, which has since been withdrawn.
The charity meets the definition of a public benefit entity under FRS 102.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs to that category.
Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Income
Voluntary income including donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Subscription income is recognised when received from members.
Concert income represents the gross receipts. A breakdown of the income and expenditure for each concert is shown in the notes to the accounts.
Expenditure and irrecoverable VAT
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.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
8
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
1. Accounting policies (continued)
Investments
Investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss accounts.
Fixed assets
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Floodlighting and music stands 5 years
Stock
Stock is included at the lower of cost or net realisable value.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking into account of any trade discounts offered.
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.
Financial Instruments
The charity only has 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.
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 a 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.
| 2. | Subscriptions | 2023 | 2022 |
|---|---|---|---|
| Singers | 33,150 | 26,724 | |
| Friends | 490 | 1,490 | |
| __ | __ | ||
| 33,640 | 28,214 | ||
| ========= | ========= |
9
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 3. | Donations | Unrestricted | Designated | Total | Total |
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| General donations | - | - | - | 78 | |
| Legacies | - | - | - | - | |
| ______ | ______ | ______ | ______ | ||
| - | - | - | 78 | ||
| ======= | ======= | ======= | ====== | ||
| 4. | Carol concerts | Dec 2022 | |||
| £ | £ | ||||
| Tickets sales | 11,387 | ||||
| Less: commission | (1,366) | ||||
| __ | |||||
| 10,021 | |||||
| Sundry income – music sales | 121 | ||||
| Sundry income – flowers and candles (net) | 71 | ||||
| __ | |||||
| 10,213 | |||||
| Conductor | 1,115 | ||||
| Brass Quintet | 1,350 | ||||
| Organist | 625 | ||||
| Pianist | 210 | ||||
| Venue costs | 3,773 | ||||
| Design and printing | 665 | ||||
| Publicity | 355 | ||||
| Rehearsals | 1,715 | ||||
| Miscellaneous expenses | 34 | ||||
| __ | |||||
| (9,842) | |||||
| __ | |||||
| Surplus | 371 | ||||
| ========= |
10
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 5. | Major Concerts | Note | Gross | Expenses | Deficit |
|---|---|---|---|---|---|
| income | |||||
| November 2022 –Durufle Requiem and Mozart Vespers |
5a | 10,284 | (26,778) | (16,494) | |
| April 2023 –Dvorak Requiem | 5b | 8,048 | (34,011) | (25,963) | |
| July 2023 –Berlioz Te Deum | 5c | 2,305 | (6,971) | (4,666) | |
| ______ | ______ | _ | |||
| 20,637 | (67,760) | (47,123) | |||
| ======= | ======== | ========= |
11
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 5a. | November 2022 –Durufle Requiem and Mozart Vespers | Nov 2022 | |
|---|---|---|---|
| Ticket sales | 8,767 | ||
| Less: commission | (1,052) | ||
| ______ | |||
| 7,715 | |||
| Programmes (including adverts) | 622 | ||
| Sundry income – music sales (net) | 168 | ||
| ______ | |||
| 8,505 | |||
| Conductor | 1,115 | ||
| Orchestra | 12,312 | ||
| Soloists | 2,775 | ||
| Instrument hire | 129 | ||
| Chorus tenors | 175 | ||
| Music hire | - | ||
| Venue hire | 3,516 | ||
| Design and printing | 900 | ||
| Publicity | 445 | ||
| Rehearsals: Conductor | 1,482 | ||
| Rehearsals: Accompanist | 640 | ||
| Rehearsals: Venue hire | 1,510 | ||
| Rehearsals: Vocal coach | - | ||
| Miscellaneous expenses | - | ||
| __ | |||
| (24,999) | |||
| __ | |||
| Deficit | (16,494) | ||
| ========= |
12
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 5b. | April 2023 –Dvorak Requiem | Apr 2023 | |
|---|---|---|---|
| Ticket sales | 7,151 | ||
| Less: commission | (858) | ||
| ______ | |||
| 6,293 | |||
| Programmes (including adverts) | 647 | ||
| Sundry income – music sales (net) | 86 | ||
| ______ | |||
| 7,026 | |||
| Conductor | 1,115 | ||
| Orchestra | 17,749 | ||
| Soloists | 3,886 | ||
| Instrument hire | 138 | ||
| Chorus tenors | 350 | ||
| Music hire | - | ||
| Venue hire | 3,798 | ||
| Design and printing | 770 | ||
| Publicity | 790 | ||
| Rehearsals: Conductor | 1,794 | ||
| Rehearsals: Accompanist | 920 | ||
| Rehearsals: Venue hire | 1,429 | ||
| Rehearsals: Vocal coach | 250 | ||
| Miscellaneous expenses | - | ||
| __ | |||
| (32,989) | |||
| __ | |||
| Deficit | (25,963) | ||
| ========= |
13
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 5c. | July 2023 –Berlioz Te Deum (IOF) | Jul 2023 | |
|---|---|---|---|
| Ticket sales | - | ||
| Less: commission | - | ||
| ______ | |||
| - | |||
| Grant from Williams Church Music Trust | 2,000 | ||
| Programmes (including adverts) | - | ||
| Sundry income – music sales (net) | 71 | ||
| ______ | |||
| 2,071 | |||
| Conductor | 1,350 | ||
| Orchestra | - | ||
| Soloists | - | ||
| Instrument hire | - | ||
| Chorus tenors and basses | 1,365 | ||
| Music hire | - | ||
| Venue hire | - | ||
| Design and printing | - | ||
| Publicity | - | ||
| Rehearsals: Conductor | 1,833 | ||
| Rehearsals: Accompanist | 820 | ||
| Rehearsals: Venue hire | 1,230 | ||
| Rehearsals: Vocal coach | 125 | ||
| Miscellaneous expenses | 14 | ||
| __ | |||
| (6,737) | |||
| __ | |||
| Deficit | (4,666) | ||
| ========= |
This concert was part of the 50[th ] St Albans International Organ Festival who paid for the costs of the concert and collected the ticket income.
14
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 6. | Other income | 2023 | 2022 |
|---|---|---|---|
| Folders | 105 | 116 | |
| Celebration choir | 1,920 | 713 | |
| Amazon/easyfundraising | 156 | 259 | |
| Social events | 155 | - | |
| _ | _ | ||
| 2,336 | 1,088 | ||
| ======== | ======== | ||
| 7. | Audition expenses | 2023 | 2022 |
| New members | 425 | 471 | |
| Re-auditions | 1,586 | - | |
| __ | __ | ||
| 2,011 | 471 | ||
| ========= | ========= | ||
| 8. | Sundry expenses | 2023 | 2022 |
| Social events | - | 261 | |
| Other sundry expenses | 80 | 102 | |
| __ | __ | ||
| 80 | 363 | ||
| ========= | ========= |
9. Trustee remuneration and expenses, and the cost of key management personnel
None of the trustees received any remuneration nor any reimbursement for expenses.
The key management personnel of the charity comprise the trustees only. The total employee benefits of the key management personnel of the charity were £nil (2022: £nil)
15
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
10. Staff Numbers
No staff were employed by the charity in the year (2022: nil)
| 11. | Fixed asset investments | Investments other | |
|---|---|---|---|
| than loans | |||
| £ | |||
| Valuation at 1stAugust 2022 | 47,914 | ||
| Additions | - | ||
| Fair value adjustments | 456 | ||
| Disposals | - | ||
| __ | |||
| Valuation at 31stJuly 2023 | 48,370 | ||
| ========= | |||
| 12. | Debtors | 2023 | 2022 |
| Subscriptions in advance | - | - | |
| Prepayments and accrued income | - | 7,794 | |
| __ | __ | ||
| - | 7,794 | ||
| ========= | ========= | ||
| 13. | Creditors: Amounts falling due within one year | 2023 | 2022 |
| Trade creditors | - | 1,316 | |
| Deferred income | 470 | 2,000 | |
| __ | __ | ||
| 470 | 3,316 | ||
| ========= | ========= |
16
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
14. Movement of Funds
| Movement of Funds | |||||
|---|---|---|---|---|---|
| Balance at 1st August 2022 |
Net income/ (expenditure) |
Transfer of funds |
Gain on investments |
Balance at 31st July 2023 |
|
| Unrestricted funds | |||||
| General fund | 91,860 | (6,764) | - | 456 | 85,552 |
| Designated funds | |||||
| Mercers’ Company | 250 | - | - | - | 250 |
| Bell Legacy | 1,000 | - | - | - | 1,000 |
| Berdinner Legacy | 4,000 | - | - | - | 4,000 |
| Roberts Legacy | 1,500 | - | - | - | 1,500 |
| __ | __ | __ | __ | __ | |
| 98,610 | (6,764) | - | 456 | 92,302 | |
| ========= | ========= | ========= | ========= | ========= |
The designated funds comprise: £250 (of a total of £750) received from the Mercers’ Company to promote the use of Young Artists, a legacy of £1,000 from a former member’s family which will be ear-marked to use to promote Young Artists and legacies from former members which will be used for a future concert of music by JS Bach.
Movement of Funds – comparative figures
| Balance at 1st August 2021 |
Net income/ (expenditure) |
Transfer of funds |
Gain on investment |
Balance at 31st July 2022 |
|
|---|---|---|---|---|---|
| Unrestricted funds | |||||
| General fund | 108,577 | (21,515) | 4,000 | 798 | 91,860 |
| Designated funds | |||||
| Mercers’ Company | 250 | - | - | 250 | |
| Bell Legacy | 1,000 | - | - | 1,000 | |
| Berdinner Legacy | 8,000 | - | (4,000) | - | 4,000 |
| Roberts Legacy | 1,500 | - | - | - | 1,500 |
| __ | __ | __ | __ | __ | |
| 119,327 | (21,515) | - | 798 | 98,610 | |
| ========= | ========= | ========= | ========= | ========= |
The designated funds comprise: £250 (of a total of £750) received from the Mercers’ Company to promote the use of Young Artists, a legacy of £1,000 from a former member’s family which will be ear-marked to use to promote Young Artists and legacies from former members which will be used for a future concert of music by JS Bach. £4,000 from the Berdinner Legacy was used towards the cost of the Bach St John Passion concert in April 2023.
17
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 15. | Analysis of Net Assets between Funds | Unrestricted | Designated | Total |
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| £ | £ | £ | ||
| Current assets | 86,022 | 6,750 | 92,772 | |
| Current liabilities | (470) | - | (470) | |
| __ | __ | __ | ||
| Balance at 31stJuly 2023 | 85,552 | 6,750 | 92,302 | |
| ========= | ========= | ========= | ||
| Analysis of Net Assets between Funds – comparative figures | ||||
| Unrestricted | Designated | Total | ||
| Funds | Funds | Funds | ||
| £ | £ | £ | ||
| Current assets | 95,176 | 67,50 | 101,926 | |
| Current liabilities | (3,316) | - | (3,316) | |
| __ | __ | __ | ||
| Balance at 31stJuly 2022 | 91,860 | 6,750 | 98,610 | |
| ========= | ========= | ========= |
16. Related Party Transactions
There are no related party transactions that require disclosure in the accounts.
17. Independent Examiner’s Fee
The independent examiner’s fee for 2023 was £nil (2022: £nil).
18. Post Balance Sheet Events
There are no post balance sheet events to report.
18
ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31[ST] JULY 2023
NOTES TO THE ACCOUNTS (continued)
| 19. | Statement of Financial Activities 2022 Unrestricted Unrestricted Total General Funds Designated Funds 2022 Income: £ £ £ Subscriptions 28,214 - 28,214 Legacies and donations 78 - 78 Interest 120 - 120 Taxation recovered from Gift Aid 5,957 - 5,957 Major concerts 34,685 - 34,685 Carol concert 13,560 - 13,560 Other income 1,088 - 1,088 _ _ _ Total income 83,702 - 83,702 _ _ _ Expenditure: Charitable Expenditure Major concerts 92,060 - 92,060 Carol concert 10,875 - 10,875 _ _ _ 102,935 - 102,935 Management and Administration Administration costs - - - Subscriptions and affiliation fees 734 - 734 Audition costs 471 - 471 Singing lessons (net) 385 - 385 Website and IT 329 - 329 Sundry expenses 363 - 363 _ _ _ Total expenditure 105,217 - 105,217 _ _ _ Net expenditure before gains on investments (21,515) - (21,515) Gains on investments 798 - 798 _ _ _ Net expenditure (20,717) - (20,717) Transfer between funds 4,000 (4,000) - _ _ _ Net movement in funds (16,717) (4,000) (20,717) Total funds brought forward 108,577 10,750 119,327 _ _ _ Total funds carried forward 91,860 6,750 98,610 ========= ========= ========= |
|---|---|
19