BEDFORD CHORAL SOCIETY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Regi.slered Charity No. 291518 Contents Page Society Information Report of the Musical Direelor Report of the Chair of Trustees Report of the Trustees Report of the Independent Examiner Stalemenl of Financial Activities 10 B¥lance Sheet Notes to Ihe Financial Statements 12- 14
BEDFORD CHORAL SOCIETY SOCIETY INFORMATION Charity Registration Number: 291518 Registered Office.. I l Main Road Biddenham Bedford MK40 4BB President: Baroness Young of Old Scone Principal Officers and Board of Trustees.. Chair Debbie Ward (resigned 9 October 202.3) Carolc Bcll lappointed 9 October 2023) Gill Jackson Jeremy Reynolds lan Herbert Vice Chair Generydl Secretary General Treasurer General Committee: Chorus Secretary L.iz Smith Communications Manager Helen Walker C'oncert Manag>er Breegie Traynor Friends Secrelary & Concert Stewards Mitzi Lewis Ordinary Members Nicki Reynolds Diana Shooler Other Officers.. Archivisl Chorus Treasurer Communications & Chamber Choir Communicalion5 & C.horusline Dalabase Manager Health and Safely Manager Librarian Programme Advertising Ticket Sales Manager Venue Hire Website Gilly Cc)wan Jane Dann Gill Jackson c.athy Wwd David Butler Viki Evans, Diana Cox Ruth Braybrook Nick Willis Caroline Muzolf Peter Thomas Charlotte Ryland Musical Director Assistant Chorus Master lan Smiih Tim Grant-jones Bankers: National Westminster Bank PIC Independent Examiner: Paul Wrighi FCCA (ret.) Website.. www.bedfordchoralsocie .or Page I
BEDFORD CHORAL SOCIETY 8 E D F O R D CHORAL REPORT OF THE MUSICAL DIRECTOR for the Ye9r Ended 30 June 2024 S O C l E T Y Yet another very Sucsful season, musically. Thank you to all the members who sing in the conrtS for all the hard work that they put in to producing such successful and enjoyable concerts. Thank you to all the Trustees and other committee members and everyone else with a specific responsibility who plan and implement all that we need to do. A special thanks to Cathy Wood for produclng our always very informative and attractive Chorusline. And thank you t( to Tim Grant-jones for his continued and continual support and masterful accompaniment at rehearsals and for being prepared tO'Step in, when l am not available. I say every year, and I really mean it, the strength of this choir is the large team that runs it. Running Bedford Choral Society is very much a phenomenal team effort. Our first cOnrt of the season Included a favourite of every choral singer Brahms, German Requiem. Not everyone likes singing in German but, in my view, this work is one that needs to be sung in the original language and suffers from translation into English. The choir, and orchestra, gave a stunning performance which was applauded loudly. We were helped by our two Magnifint soloists Rebecca Bottone (soprano) and Daniel Barrett (bass). Rebecca also sang 3 songs by Richard Strauss and the programme was opened with Brahms, Tragic Overture. It was a year of our biennial Christmas Concert which we performed at Bunyan Meeting. We continued our efforts to involve young people by singing Britten's Ceremony of Carols. This was originally written for upper voices onlyi but what we did was to give selected movements to the children's cholrs and intersperse them with the other movements in the 4-part version. This worked very well using a combination of Bedford Youth Chorus, Bedford Kids Chorus, North Beds Youth Cholr and (again) Biddenham International Schcy)I choir. Once more, the young people very much enjoyed the experience and performed well. The rest of the programme was made up of a few choir carols and some audience carols. The innovation this year was to perform in the afternn rather than the evening. The committee will decide for future concerts if this was a good idea! We also performed once again at the St Paul's Church Christmas Tree Festival and at the station. Both events were fundraising events and well supported by members. I chose louder carols this year so that we could be heardl Our March conrt, entitled 'Eternal Light,, consisted of two contemporary works Lux Aeterna by Morten Lauridsen and Eternal Light by Howard Gc*3dall. The programme was completed by the sparkling Simple Symphony by Benjamin Britten for string orchestra. After some misapprehension the choir thoroughly enjoyed working on these two modern works and again gave a very good DerfOrMan of them. The summer concert was an outstanding success. Not only was the Corn Exchange nearly sold out but also the choir performed superbly well (as did our 3 soloists Katherine Crompton, Joseph Doody and Edward Grint). We opened the programme with the ever wpular Finlandia by Sibeliu5 for the orchestra. Then followed Gloria by Poulenc. Again, initiallyi some choir members took time to wami to this magnificent piece but, in the end, most came round and enjoyed it. The crowning glory of the evening though was a stunning performan of Orfff5 ever popular Carmina Burana. The performance had spirit, contrast and excitement in equal measure and was crowned by a dramatic perfOnnan of the dying swan by our tenor soloist Joseph Docrfjy whose performance brought the house down. Very well done to everyone for a glorious COnrt to end the main season. Page 2
BEDFORD CHORAL SOCIETY REPORT OF THE MUSICAL DIRECTOR (continued) for the Year Ended 30 June 2024 The year was not yet over! Very sadly we were again not required for the annual Proms in the Park cOnrt 50 at the request of a number of members we kept on singing, as we did last year, for another 3 weeks. The first w&k was taken by Elizabeth Bottone working on some of the pieces the Chamber Choir uses for engagements and incorporating some Vol training. The next two were used to expand our Chamber Choir repertoire and to give others who do not usually sing in the Chamber Choir the chance of learning some of the repertoire. It is hold that this will widen the 'pool' of singers who volunteer for Chamber Choir engagements. Thanks go to Gill Jackson who so efficiently organises the Chamber Choir which helps with our income generation. The one big thing that I would like everyone to continue to focus on this year is audience numbers. The summer concert showed us that it is possible to pack the Corn Exchange. There is no doubt that Bedford Choral Society is a very good choir and one well worth coming to listen to. So we all, including me, need to continue our efforts to maintain the size of our audien5. We should be proud of what we achieve and share it with as manv people as t)ossible! So our aims for the 202312024 We to: a) continue to build the level of membership after the pandemlc b) continue to deliver the strategy for engagement of new younger members c) build the Confiden of members in their vocal produrtion d) continue to work on the intonation and ability to maintain pitch of the choir e) build the numbers in our audientrs We have certainly achieved these with everyone's efforts. I do not propose to add any or change any for this year. They seem to me to be a suitable set of aims for the coming season. So I very much look forward to this coming season and continued success! Ian G. Smlth Musical Director August 2024 Page 3
BEDFORD CHORAL SOCIETY B E D F O R D CHORAL REPORT OF THE CHAIR OF TRUSTEES for the Year Ended 30 June 2024 S O C l E T Y The choir has a long, long history, but whilst having the same purpose of singing beautiful choral music beautifully, it changes year on year. And this year is no exptiOn. The AGM is an opportunity to celebrate its stabilitv, as well as the developments that have been made. First of all, I want to thank my predecessor Debbie Ward for all the work she has done for the choir, both as Chorus Secretary and as Chair. Sadly, her health, and then that of her husband have meant that she had to step down as Chairman, and I can only hope that she is able to return to regular hearsals in the near future. Taking over as Chair from Debbie, it was obvious to me just how much work and effort she had put in. Thank you Debbie. So, without reiterating what Ian has put in his report about the concerts, the music and the rehearsals, we have had some really successful concerts, and attracted large audiences. This is because the choir members put their hearts and souls into singing as well as they can, even when the music is really difficultl So, thank you to all choir members for your commitment., enthusiasm and hard work. And to all those who have joined us during the course of this year, this is a chance to welcome you again. We do hope you will stayl We have all settled into our new, but now regular rehearsal 51te at Biddenham International School, and have even had a successful Fire Drill. If only a choir could survlve on just singing, it would be great, but as all of you will recognise, there is quite a lot of administration that keeps u5 on the straight and narrow of a charitable organisation. The Trustees, Ian Herbert, Jeremy Reynolds, Gill Jackson, and myself, joined by Ian Smith, as Music Director have continued to meet regularly to ensure maintsin and develop the strategy of the choir. Thank you to all of you for guiding me this year to fulfil our aims; to focus on rebuilding after Covid, encouraging young people to sing in choirs, and to improve our singing techniques. We started the year with 133 attending rehearsals, and with 15 new members during the course of the year, we have 138 on the bc()ks. Bill Knights sadly died, and three former members have also passed away; Roger Forsythe, Prue Watson and Howard Chalkley. The rebuilding work has gone very welll Youth choirs singing with us in two of our concerts this year has also led to some young enthusiasm, and Liz Bottone has run a number of sessions, enhancing our voice produrtion. You will see from the finances that we are in a healthy position, and we continue to find ways to encourage local people to come to listen to and participate in singing, including youth choirs In schools and in the community, singing with them. This year, we have agreed with the Bedfordshlre Festival of Music and Drama organisers to split our prize, with the cup being awarded to the 'best Youth Choir,, and the prize of £250 now to go to the 'Most Promising Youth Choirf in an effort to spread the rewards, and encourage MO singing in an era when music has been sidelined in state schools due to National Curriculum priorities. In addition, Trustees have decided to kp the annual subscription at the same level for the next year, hoping that this maintains the accessibility for people who are and want to become members. Ticket prices have also not been increased. Our charity for the last year, Tibbs Dementia Foundation, have reIVed contributions from our Christmas concert, the Bedford Railway ststion carol singing, and the profits from the tea and cakes. Page 4
BEDFORD CHORAL SOCIETY REPORT OF THE CHAIR OF TRUSTEES (continued) for the Year Ended 30 June 2024 The General Committee has met regularly too, and I would like to pay tribute to all the work that people have put in, and can I thank new 'office holders, for so willingly taking on new roles. First and foremost, Liz Smith, our Chorus Secretary, has been fiendishly good at all things to do with choir members - reminding us all of where and when to be in the right pla5, both for rehearsals and concerts, organising so adeptly the auditions that had been a casualty of Covid, welcoming newcomers, organising registers, sorting out a huge number of auditions for 15 new members and re- auditions for 88. Helen Walker's efforts to advertise concerts with eye catching artwork have been wonderful, and have contributed to our success in drawing attention to our perfonnances. The communication team, Helen, Cathy, and Charlotte have worked effectively on external and internal communications. Caroline has managed an increasingly complex set of ticket selling arrangements with great aplomb. Mitzi Lewis has kept our Friends happy, and growing in number, and organised a very successful social evening where we were royally entertained by our very own Roy Tipping. Breege Traynor has become our super efficient cOnrt Manager. Finally, Gill deals with the complexities of chamber choir bookings, as well as being VI chair. And some unsung, but important roles carried out by Jane Dann (subs), Peter Thomas, (venue trmkings), Gilly (archivist), Nick Willis (Droaramme advertisina) and David Butler (datsbase manaoer). Huae thanks. And then there is Ruth Braybrook, who has been our superb Librarian for many many years. She has been awesome, and kind and generous with it, and of course very efficient. We are all very grateful to her for her sterling work, including sorting and moving the music owned by the choir to its new home at Biddenham. Although she is stepping down this year, we hope she will continue to LE a choir member for many years to come. And thanks to Imogen Allen for offering to tske over from Ruth. Can I also mention Diana Cox, taking over from Viki Evans, who has tsken us through the Health and Safety vortex with expertise and common sense. We are proud, rightfully so, I think, that the choir has a weScoming environment, because of the things that we do, and the way that we do it. I commend to you the voice reps, the chair movers, the cake makers, the tea and coffee seryers, the Gallivan combo, who continue to organise and provide our delicious bakS on a monthly basis. Thank you so much. What's less good for the waistline is gr for our social life; as we have discovered since Covid, equally important. Enough of us mere singers. We have superb musicians to lead us. Can I thank Ix)th Ian and Tim on your behalf for their expertise and hard work over the course of the year. We succeed supported by this, hard work, enthusiasm and a good dollop of enjoyment and fun. Carole Bell Chair of Trustees August 2024 Page 5
BEDFORD CHORAL SOCIETY REPORT OF THE TRUSTEES for the Year Ended 30 June 2024 The truste¢s present their annual report and financial statements of the charity for the year ended 30 Jun¢ 2024. Structure* governanee and management The charity was established by the adoption of a constitution on 30 September 1974. The last substantive review of the constitution took place in 2000. There were further minor amendments in 2015: in 2019 to clarify the distinction between General Committee members and Trustees and to provide explicit powers to invest the charity's funds. and in 2021 lo make the role of Vice President optional, to pennit the appointment of Trustee5 in addition to the Principal Officers. and to streamline the process tor appointing G¢neral Committee Members and other Officers as desLribed below. The Board of Trustees consists of the Principal Officers of the Society - Chair, Vice-chair. General Secretary and General Treasurer - plus up lo four additional Trusiees, who tog)ether are responsible for the Society in all its various activities. The Principal Officers are elected by th¢ members al the Annual General Meeting and hold olCe for a three year terni. Principal OtTicers may not hold an office for more than two consecutive three-year tem)s (except as specifically pemitted by the constitution). Addilional Trustees are also elected by the members at the Annual General Meeting, and may hold the position for no more than two consecutive three-year tems. The General Committee consisis of the Principal Ol¢erS and other Members as shown on page l. who together ar¢ r¢sponsible for the day-to-day running of the Society. other Officers, again as shown on page I, have specific responsibilities for the operations of the Society, report to the General Committee, and will attend General Committee meetingys when needed. Ordinary Member5 are elected al the Annual General Meeiing for a three-year terni; other Members ot.the General Committee and other Ofticers are appointed by the Trustees. There are two sub-committ¢¢s of the General Committee.. the Communications Committee. chaired by the Communications Manager. and the Programming Committee, chaired by the Muscial Direclor. The Musical Director, who is appointed by the Trustees, attends both the Trustees, meetings, and meetings of the General Commillee. Principal Activities The aims and objects of the Society are: l. The study and prdctice of choral music in order lo foster the public knowledge and appreciation of such music by means of public performance; 2. To provide a regular series of first class choral concerts by maintaining a chorus, and by engaging orchestras and artists of high repute- 3. For the general purposes of such charitable bodies or such other purposes as shall be exclusively charitabl¢ as the Trustees may from time to ttme decide. Page 6
BEDFORD CHORAL SOCIETY REPORT OF THE TRUSTEES (continued) for the Year Ended 30 June 2024 Activilies and achievements A review of the Society's activities and achievements for the year is included within the Report of the Musical Director on page 2, and the Report of the Chair of Trustees on page 4. Financial review The Society incurred net expenditure of (£3.465} in the year {2023: net expenditure of (£3,141)), broadly in line with expecaiions. The Choir perfomied in three successful concerts at the Bedford Corn Exchange. as wel l as Christmas Carols al the Bunyan Meeting Room5. Subscriptions totalling £18,120 were received from 138 Members, with a good balance across all voice parts. Administration costs were in line with the previous year. Investment policy and performance The Society's investment policy was reviewed in 2018 and a decision taken 10 gradually move a portion of the Society's reserves into stockmarket based investment5 in order io improve reiurns. A Fidelity Investment account was opcncd in November 2018 and as at 30th June 2024. £20.000 had been invested in a IowwCOSt global slockmarket tracking fund. As at 30th June 2024 the valu¢ of this investment had byrown to £35,874 (2023: £29,488). In order to minimise the risk of a market downtum, the Trustecs have made the decision, io be implemented in the new financial year, to lake out the profit to dale from the Fidelily Investment and place this in a high interest-bearing account, leaving a balance equal to the initial investment with Fidelity. Re5erve5 polic), The trustees have reviewed the reserves of the Society. The policy, approved on I l July 2022, is to hold enough runds to cover 12 months operating costs to allow for untorseen contingyencies including concert losses. Based on a typical year's activities this would indicate reserves in the region of £35,000. In addition, it was agreed that a reserves amount would be held to cover ih¢ unr¢alised gain on the Society's stockmarket investment. this currently slands at just under £16,000. Free reserves as at 30th June 2024 were £79,465. This is above the targ¢t totsl of £51,000. This surplus has been largely generated by previou5 legacies and grants, which have not yet been spent due to the Covid pandemic. The General Committee is actively pursuing several Options to utilise these funds. in line with the Society's aims and charitable objectives. A new work has been Commissioned work, and a Trainee Conductor engaged. The Society continues to work with young singers, particularly those of school age. Plans for the future For the 2024-25 Season the Society is planning to hold three concerts at ihe Bedford Corn Exchange tn November. March and June. In addition, the Chamber Choir will sing at selected public events and, on request, at weddings and funerals. The Society will also continue lo support a range of Charities. including singing at Christmas events and supporting collection5 at our concerts. Page 7
BEDFORD CHORAL SOCIETY REPORT OF THE TRUSTEES (continued) for Ihe Year Ended 30 June 2024 Trustees, responsibililies in relation to the financial statements The charity Irustees are responsible for preparing a trustees, annual report aT]d financial statements in accordance with applicable law and United Kingdom Accountin&) Siandards (United Kingdom Generally Accepted Accounling Practice). The law applicable to charities in England and Wales requires the charity truslees to prepare financial statements for each year which give a true and fair view of the state of at7airs of the charity and of the incoming resources and application of resource5 of the charity for that period. In preparing Ihe financial statements, the trustee5 are required 10: select suiiable accounting policies and then apply them consistently- observe Ihe methods and principles in the applicable Charities SORP. make judgements and estimates that are reasonabl¢ and prudeni. state wheiher applicable accounting siandards hav¢ been followed. subject to any mat¢rial departures disclosed and explained in the financial stements. prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonabl¢ accuracy at any tim¢ the financial position of the charity and to enable them to ensure that the financial statements comply with the Chariiies Acl 201 l. Ihe applicable Charities (Accounts and Reports) Regyulations. and the provisions of the Trusl deed. They are a150 responsible t.or saleg?uardingy the assets ot'ihe charity and thking reasonable steps for the prevention and detection of fraud and oilier irre&?ulariiies. By order of the Board Chai C Bell General Treasurer - l Herbert Page 8
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF BEDFORD CHORAL SOCIETY I report on the accounts of the company for the year ended 30 June 2024 which are set out on pages l O to 14. Respective responsibilities of trustees and examiner The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to= examine ihe account5 under section 145 of the 201 l Act- follow the procedures laid down in Ihe general Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act: and State whether particular matters have come to my alteniion. Basis of independent exgminer's report My examination was carried out in accordance with th¢ general Directions given by the Charitv Commission. An examinalion includes a review ot the accountin&F records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in th¢ accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as 10 whether the accounts present a 'tru¢ and fair view" and the report is limited to those matters set oul in the statement below. Independent examiner's statement In connection with my examinalion. no matter has come to my attention.. which gives me reasonable cause lo believe thal, in any material respect, the requirements: to keep accounling> records in accordance wilh s¢¢tion 386 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 396 of the Companie5 Act 2006 and with th¢ method5 and principles of the Sialemenl of Recommended Practice: Accounting and Reporting by Charities have nol been met; or 2 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts lo be reached. Paul Wright FCCA (ret.) 8 Larkwa}' Bedford MK417JW Date Pag¢ 9
BEDFORD CHORAL SOCIETY STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 June 2024 Total Funds 2024 Total Funds 2023 Unrestricted Restricted Funds Funds Notes Income Fundraisinbi and donations.. Subscriptions oiher fundrdisin&T and donations Income from ch(IrilablL aLlivities: Concert income Other choir aclivities Investmenl income 18,120 3.579 18,120 3.579 18,040 3,447 14,416 1,145 1,851 14,416 1,145 1,851 12,270 2.075 964 Total Ineome 39.111 39.111 36,796 Expenditure Expenditure on charitable activities Concen expendilure Rehearsals and administration { 27,852) (14.724) { 27,852) (14,724) (25.201) (14,736) Total Expendilure 42.-576) 42,576 39,937 Net Ineome /(Expense) before transfers (3,465) (3,465) (3,141) Transfers between Fund5 Net Incomel(Expense) before oth¢T recognised gains Realised and unrealised gainsl(losses) on investm¢nt &ssels { 3,465) (3,465) (3.141) 6,386 6,386 3,421 Ne¢ Movements in Funds 2.921 2.921 280 Funds brought forward I st July 2023 76,544 76,544 76,264 Funds earried forwgrd at 30 June 2024 The notes on pages 12 to 14 fonn part of these accounts. Page 10
BEDFORD CHORAL SOCIETY BALANCE SHEET As At 30 June 2024 2024 2023 Notes Fixed Assets Tangible assets Investments 35,874 29.488 35,874 29.488 Current Assets Debtors Cash at bank and in hand 2,109 48,592 546 49,519 Totsl Current Assets 50,701 50,06.fj Creditors Amounts falling due within one year { 3.009) Net Current Assets 43,591 47,056 Net Assels The funds of the charity Unrestricted funds Restricted funds 10 79,465 76.544 Total Charity Funds 79,46.5 76,544 The financial statemenls on pages l O to 14 were approved by the trustees on lo kk- 297% and were signed on its behalf by . Ch C Bell General Treasurer.. l Herbert Page 11
BEDFORD CHORAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 June 2024 I ACCOUNTING POLICIES Accounting convention The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities.. StateTnent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Keporting Standard for Smaller Entities published on 16107114, the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and applicable regTulaiions. The accounts have b¢¢n prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise stated in the relevant note(s) to ihese accounts. Recognition of income All income is recognised once the charity has entitlement to the income, there is sufficienl certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measur¢d reliably. Fixed assets and depreeiation Depreciation is provided on assets owned by the charity at the following rates based on the estimated useful life and their anticipated residual value: Piano Furniture and equipment I 00/0 p.a. (straight line basis) 25 % p.a. (straigyhi line basis) Unrestricted Restricted Funds Funds Total Funds 2024 Total Funds 2023 2 FUNDRAISIIYG AND DOIYATIONS Subscriptions 18,120 18,120 18.040 Gift Aid Friends contributions Easyfundraising + Amazon Smile Legyacies Other Donations Other fundraising and donations 2,674 745 40 2,674 745 40 2.565 602 198 120 120 3.579 82 3,447 3 INCOME FROM CHARITABLE ACTIVITIES Coneert Income Ticket sales Legacies Programme sales Programme advertisements 13,129 13,129 8.358 3.000 572 340 12,270 867 420 14,416 867 420 14.416 Other Choir activities Proms perforniance fee Chamber choir fees Member Refreshment sales Sale of music and other income 1,800 950 950 195 1,145 195 1,145 275 2,075 Page 12
BEDFORD CHORAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS- eontinued for ¢he Year Ended 30 June 2024 Unrestricted Funds Restricted Funds Tolal Funds 2024 Total Funds 2023 4 CONCKRT EXPENDITURE Promotion Musical perfornier fees and costs Prog)rammes Venue hire/other 754 20,-328 1,592 5,178 754 20.-328 1,592 5.178 417 19.687 1.445 3,652 27,852 27,852 25.201 5 REHEARSALS AIYD ADMINISTRATION Rehearsal costs Hire/Pur¢hase of music Videolphotoshootslonline recording Website - developmentlmaintenance Friends Evcnts MakingT Music subscription Sponsorship & adverts Sundry expenses Audil fees 11,477 362 11,477 362 11.229 419 250 175 454 508 531 1,170 180 455 543 400 1,-107 180 455 543 400 1.307 14,724 14,724 14,736 6 FIXED ASSETS Piano Furniture & Total 2024 Toial 202.3 Cost b/f Additions C,osl ¢/f 3.200 803 4,003 4,00.3 803 Depreciation b/f Char8e for year Depreciation clf (3.200) (80.3) (4.003) (4.003) 3,200 80.1 4,00.3 4,00.1) Net book value b/f and df Page 13
BEDFORD CHORAL SOCIETY NOTES TO THE FINANCIAL STATEMENTS- eontinued for the Year Ended 30 June 2024 2024 2023 7 INVESTMENTS Movement in investments Market value brought forward at I st July 2023 Add.. additions at cosi Disposals at carrying values Add.. net gain/(loss) on revaluation Markei value as al 30th June 2024 29,488 1 26.067 6,386 35,874 3,421 29,488 Investmenls at marke¢ vglue comprised: Fidelily Index World Fund P-ACC 35,874 29,488 DEBTORS Prepayments Concert Income Other 132 334 80 1,689 420 2,109 546 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Ticket sales in advance Concert expenditure Subscripiioiis in advance Sundry creditors 45 6,156 405 504 170 1,479 135 1,225 7,110 3,009 10 MOVEMENT OF FUNDS Balance blfwd Income Expenditure Transfer5 Balance clfwd Reslricted funds Un restricted funds General Reserve5 76,544 45.497 { 42.576) 79,465 Page 14
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