ST ALBANS BACH CHOIR REPORT AND FINANCIAL STATEMENTS ST FOR THE YEAR ENDED 31 JULY 2024 Registered Charity No: 285602 ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 ST CONTENTS Charity information Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the accounts 8-19 ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 ST CHARITY INFORMATION Trustees V Surgess Iresi8ned 9, October 20231 J Burke J Chandler-smith C Granby (resigned 30 September 20241 A Howse l Likierman (resigned 9 October 20231 P Parr (appointed 30, September 20241 N Salisbury M G Spencer (resigned 30, September 20241 C Stephenson A Stevens Prlncipal Addre55 3 Popes Road Abbots Langlev Hertfordshire WD5 OEY Charlty Reglstration Number 285602 Independent Examlner 5 Robinson Mercer & Hole LLP Chartered Accountants The Pinnacle 170 Midsummer BoLblevard Milton Keynes MK9 IBP Principal Bankers Lloyd5 8onk plc 67 High Street Watford Herts WD17 2DU COIF Charities Deposit Fund CCLA Investment Managers Limited One Angel Lane London EC4R 3AB ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31STJuLY 2024 TRUSTEES, REPORT The trustees present their annual report with the financial statements of the charity for the year ended 31" July 2024. Constltution and objects for the public benefit The charity is governed by its constitution, last revised in June 2002. The constitution contain5 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 cholr and act as the charit￿5 trustees. Induction training is provided for all new trustee5. The trustees confirm that they have made reference to the guidance of the Charities CommissSon general guldance on public benefits when reviewing their aims. objectives and future activities of the charity. The object5 of the charity are to Improve public appreciation of music through choral concerts. Revlew of the Development, Actlvltles and Achlevements of the Charlty, and how the Charlty dellvers public benefit The surplus for the year amounted to £2.247. Reserves The accumulated funds as at 31" July 2024 were £94.549 of which £1,250 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 requifes its asset5 to be invested in Great Britaln, In bank accounts or safe interest- bearing Securities. ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 ST TRUSTEES, REPORT (continued) Major risks The trustees have taken steps to identify the major risks to which the charity 15 exposed, and systems have been established to mitigate those risks. Future Development The Choir's Centenary year concludes in December 2024 and following the retirement of Andrew Lucas in july, the choir welcomes it5 new conductor, William Fo¥. from September 2024. Tru5tees' Responsibilities In relatlon 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 Stsndards. 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 statement5, the trustees are required to., select suitable accounting policies and then apply them tonsistently,. Make judgements and estimate5 that are reasonable and prudent,. Observe the methods and principle5 in the Charities SORP 2019 IFRS 1021,. State whether applicable accounting Standards have been followed, subject to any materi31 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 wlll continue in operatlon. 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 statemerbts comply with the Charitie5 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- 19 November 2024 ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024 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" July 2024 which are set out on pages I to 19. Responsibilities and basls of report As the charltWs trustees you are responsible for the preparation of the accounts in a¢¢ordance with the requirements of the Charities Act 20111'the Art'l. 1 report in respect of my examSnation 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 1451Sllbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no materlal matters have come to my attentlon in connection with the examination giving me cause to believe that in any materlal respect: accounting records were not kept in respert of the charity as required by section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concernin8 the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 8ive 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 obinson FCA Mercer & Hole LLP The Pinnacle 170 Midsummer Boulevard Milton Keynes MK9 IBP Date 13 December 2024 ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 315TJuLY 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestrirted Unrestricted Total Total General Designated Unrestricted Unrestricted Funds Funds 2024 2023 Note Income: Subscriptions Legacies and donations Interest Taxation recovered from Gift Aid Carol concert Major concerts Other income 43,243 ioi 2,245 8,106 12,468 60,334 1,474 43,243 ioi 2,245 8.106 12,468 60,334 1,474 33,640 1,131 7,133 11,579 20,637 2,336 Total income 127,971 127,971 76,456 Expenditure: Charitable Ex Carol concert Major concerts Centenary events and book enditure 12,700 111,701 2.146 12,700 111,701 2,146 11,208 67,760 126,547 126,547 78,968 Mana ement and Administration Subscriptions and affiliation fees Audition costs Singing lessons and workshops Inetl Website and IT Andrew Lucas retlrement events Sundry expenses 787 581 474 296 741 1,403 787 581 474 296 741 1,403 757 2,011 1,145 259 80 Total expenditure 130,829 130,829 83,220 Net expendlture before gains on investments Gains on investments 12,8581 12,8581 16,7641 li 5.105 5,105 456 Net empendlturelincome Transfer between funds 2.247 5,500 2,247 16,3081 15,5001 Net movement in funds Total funds brought forward 7,747 85,552 15,5001 6.750 2,247 92,302 16,3081 98,610 Total funds carried forward 14 93,299 1.250 94.549 92,302 The notes on pages 8 to 19 form part of these account5 ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 ST BALANCE SHEET 2024 2023 Note Flxed assets Floodlighting and music stands at cost Le55 accumulated depreciation 658 658 16581 16581 Investments.. COIF Investment account li 53,475 48,370 53,475 48,370 Current a55et5 Stock of music 626 626 Debtors Cash at bank.. Lloyds Treasurers account Cash at bank.. COIF Deposit account Cash in hand 12 4.942 6,295 29.976 1,046 42,730 41,839 44,402 Credltors: amounts falllng due wlthln one year 13 17651 14701 Net current a55etS 41.074 43,932 Net assets 94,549 92,302 Accumulated funds Unrestricted general funds Designated fund5 14 93,299 1,250 85,552 6,750 14 Total ¢harity fund5 15 94,S49 92,302 Approved by the Board of Trustee5 and signed on its behalf by Date- 19 November 2024 The notes on page5 8 to 19 form part of these attount5 ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024 NOTES TO THE ACCOUNT5 Accounting policie5 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 IFRS 1021 (issued in October 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Att 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 falr, vlew and have therefore necessarily departed from the extant Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the statement of Recommended Practice.. Accounting and Reporting by Charitie5 applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Statement of Recommended Practice.. Accounting and Reporting by Charities effective from l 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 basls and has been classified under headings that aggregate als costs to that tate8Qry. Golng 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 includin8 donation5 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 irreci)verable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to o 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. ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024 NOTES TO THE ACCOUNTS {continued) Accounting policie5 Icontinuedl 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. Flxed 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 Sn hand Cash at bank and cash in hand includes cash and short term hiBhly liquid investments with a short maturity of three month5 or less from the date of acquisition or opening of the deposit or slmilar account. Flnanclal Instruments The charity only has financial liabilities of a kind that qualify a5 basic financial instrument5. Ba51C financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Creditors and pro¥lslons Creditor5 and provisions are recognised where the charity has a present obliEation 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 estim3ted reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Subscrlptions 2024 2023 Singers Friends 40,218 3.025 33,150 490 43,243 33,640 ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31STJULY 2024 NOTES TO THE ACCOUNTS {continued) Donations Unrestrirted Designated Funds Fund5 Total Total 2024 2023 General donations ioi ioi Legacies ioi ioi Carol concert5 Dec 2023 Tickets sales 11,405 11,3691 Less.. commission 10,036 724 Sundry income- muslc sales Sundry income- flowers and candles 339 11,099 Conductor 1,160 1,450 750 Brass Quintet Organist Pianist 215 Venue costs 4,074 753 Music purchases Design and printing Publicity Rehearsals 950 1,909 70 Miscellaneous expenses 111,3311 Surplus 12321 io ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 31STJuLY 2024 NOTES TO THE ACCOUNTS (continued) MaJor Concerts Note Gros5 Expenses Deficit income November 2023- Rutter Mognificot ond Requiem March 2024- Bach St Matthew Passion July 2024- Mozart Requiem and Coronotion Moss 13,533 127,4181 113,8851 5b 19,893 145,6671 125,7741 sc 26,908 138,6161 111,7081 60,334 1111,7011 151,3671 li ST ALBANS BACH CHOIR ACCOUNTS FOR THE YEAR ENDED 315T JULY 2024 NOTES TO THE ACCOUNTS {continued) 5a. November 2023- Ruttermagnificat ond Requiem Nov 20Z3 Ticket sales 12,270 11,4721 Less: commission 10,798 909 Programmes (including adverts) Sundry income- music sales 354 Conductor 1,160 13,687 71XJ Orchestra Soloists Instrument hire 138 Chorus tenors 525 Music hire 120 Venue hire 3,798 1,050 760 Deslgn and printing Publicity Rehearsals: Conductor Rehearsals: Accompanist Rehearsals.. Venue hire Rehearsals.. Vocal coach Miscellaneou5 expenses 1,701 882 1,275 150 125,9461 Deficit 113,8851 12