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2024-08-31-accounts

LAWYERS’ MUSIC

_____

REPORT OF THE COMMITTEE AND FINANCIAL STATEMENTS

For the year ended 31 August 2024

REGISTERED ADDRESS: 49 Croham Road
South Croydon
CR2 7HD
COMPANY REGISTRATION NUMBER: 1952985
CHARITY REGISTRATION NUMBER: 293015
BANKERS: HSBC
HONORARY PRESIDENT: H W Ashton
COMMITTEE MEMBERS: A M Blankfield (resigned 8 July 2024)
B Cater – Chair
I Dal Soglio (appointed 21 October 2024)
S M Gibbons
W F G Hess – Treasurer and Secretary
T Le Brocq (appointed 29 January 2024)
R J Reid (resigned 8 July 2024)
O Curd (appointed 30 October 2023)
S Sadoughi
J Tuppen
S Webbe

LAWYERS’ MUSIC

REPORT OF THE COMMITTEE

The Committee Members submit their report and the financial statements for the year ended 31 August 2024. The names of those who served on the Committee during the year are given on page 1.

Structure, governance and management

Lawyers’ Music is a company limited by guarantee, constituted in accordance with its Memorandum and Articles of Association. Each of the members has undertaken to contribute an amount not exceeding £1 towards the assets of the company in the event of the same being wound up and the assets being insufficient to cover its liabilities.

The company is managed by the Committee, which is made up of members whose appointment is subject to approval by the membership as a whole in General Meeting.

Objectives and activities

The company is established “to advance the aesthetic education of the public throughout the world in the art and science of music”. It works to achieve this aim:

The company publicises its activities through its website www.lawyersmusic.org.uk.

The Committee members have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

The charity enjoyed a successful year of music-making and charitable activities, putting on the following programme of events:

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LAWYERS’ MUSIC

Membership

Following a successful year in 2023, 2024 was a disappointing year for recruitment. From 81 paying members in 2022, 2023 had seen growth to 108 paying members. However, in 2024 this dropped to 85. In 2024, the split between paying members in the orchestra and choir was 47 versus 38, which compares to 54 versus 54 in 2023 and 41 versus 40 in 2022. Recruitment and ensuring that all members who are able to pay their subscriptions do pay will be a key focus in the 2025 season and the Committee intend to look at this closely.

Financial review

Following a post-Covid boosted 2023, 2024 saw a slightly weaker year with lower membership numbers than anticipated and hoped for combined with continued inflationary pressures (albeit these were not as significant as in 2023). The financial result for the year was an excess of expenditure over income of £4,353 ( 2023: surplus of £15,656 albeit this included the one-off impact of the 40[th] anniversary donations campaign and prior year orchestra tax relief claims: the normalised net-deficit in 2023 was £18 ).

As at 31 August 2024 the company had bank deposits totalling £24,526 ( 2023: £25,064). The company also had amounts recoverable under gift aid of £4,018 ( 2023: £9,343 ). The sums include general reserves which the company aims to maintain at the level of at least half a year’s expenditure and this will continue to be closely monitored. They also include the balance of the Helen Sibthorp legacy (£19,622, of which £2,073 remains) bequeathed to Lawyers’ Music by former member Helen Sibthorp “ in the hope that they will do something truly interesting with it ”, together with a further legacy of (£5,000, of which £553 remains) bequeathed by former member Sylvia Kapp in October 2014. The Committee expects to use a portion of these during the 2024/25 season.

This report has been prepared taking advantage of the small companies exemption in accordance with s.415A, Companies Act 2006.

This Report was approved by the Committee on 20 November 2024.

B Cater Committee Chair 20 November 2024

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LAWYERS’ MUSIC

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 August 2024

Note
Income– Resources arising
Income from regular concerts
Income from special events
Donations and legacies
Subscriptions
Income Tax recoverable under Gift Aid
6
Interest receivable
Orchestra Tax Credit
7
Expenditure– Resources used
Direct charitable expenditure:
Costs of regular concerts
2
Costs of special events
Administration costs
3
Net movement of resources in the year
(Deficit)/surplus
Reserves brought forward
Reserves carried forward
2024
2023
£
£
6,332
8,336
0
35
1,112
7,545
18,627
20,635
4,651
6,169
0
0
6,274
8,360
36,996
51,080
(36,125)
(30,953)
(100)
(1,465)
(5,124)
(3,006)
(41,349)
(35,424)
(4,353)
15,656
36,285
20,629
31,932
36,285

The notes on page 6 form part of these financial statements.

The above results, which have been calculated on the historical cost basis, are wholly attributable to the continuing activities of the company.

There are no recognised gains or losses for either year, other than those shown above.

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LAWYERS’ MUSIC

BALANCE SHEET

As at 31 August 2024

Current assets
Debtors and prepayments
Cash at bank
Creditors: amounts falling due within one year
Other creditors and accruals
Net assets
Reserves
Income and expenditure account -
Balance brought forward
(Deficit)/surplus for the year
Balance carried forward
Of which:
Legacy reserves
Sibthorp legacy brought forward
Movement in the year
Sibthorp legacy carried forward
Kapp legacy brought forward
Movement in the year
Kapp legacy carried forward
General reserves
Brought forward
Movement in the year
Carried forward
2024
2023
£
£
7,405
11,220
24,526
25,065
31,931
36,285
0
0
31,931
36,285
36,285
20,629
(4,353)
15,656
31,932
36,285
2,073
2,073
0
0
2,073
2,073
553
553
0
0
553
553
33,659
18,003
(4,353)
15,656
29,306
33,659

The notes on page 6 form part of these financial statements.

For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime.

B Cater Committee Chair

Approved by the Committee on 20 November 2024.

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LAWYERS’ MUSIC

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 August 2024

1. Accounting policy

Basis of Accounting

The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards.

2.

3.

Concert expenses
Soloists’ and instrumentalists’ fees and expenses
Conductors’ fees and expenses
Hire of venues
Hire and carriage of music
Publicity and programmes
Hire of equipment and instruments
Other concert expenses
Administration costs
Society website and membership platform
Registrar of Companies
Making Music (National Federation of Music Societies)
PRS for Music fees
Account fees
Advertising
Sundry expenses
2024
£
14,605
5,905
13,209
892
294
1,050
170
36,125
2024
451
13
596
0
60
1,300
2,704
5,124
2023
£
12,572
3,310
11,702
1,031
494
1,318
526
30,953
2023
772
13
476
0
62
1,637
46
3,006

4. Committee members’ emoluments

The Committee Members receive no emoluments in respect of their services on the Committee. The Charity has no employees.

5. Income

Income is accounted for on the basis of amounts received or receivable in respect of activities in the financial year.

6. Tax status

Due to the charitable status of the company, no taxation arises on the results for the year. Income tax recoverable on subscriptions and donations paid under Gift Aid is accrued and amounted to £4,651 (2023: £6,169).

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LAWYERS’ MUSIC

7. Orchestra Tax Credit

Due to the orchestral productions undertaken by Lawyers’ Music, Orchestra Tax Credit is available with respect to the production cost of Orchestral events. After expenses, the Orchestra Tax Credit accrued in the current year was £6,274 (2023: £8,360). Note, of the current year figure, a portion relates to additional amounts received with respect to prior years. The amount which relates to concerts during the year ended 31 August 2024 is £2,727.

8. Related Party Transactions

During the year, Lawyers’ Music engaged Susie Blankfield, who is the daughter of committee member Andrew Blankfield. In total she received £250 (2023: £335) which was all settled within the year. Andrew Blankfield took no part in any discussions relating to this appointment.

Page 7

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of Lawyers. Music On accounts forthe year ended 31 August 2024 Charity no.: 293015 Company no.. 1952985 Set out on pages I report to the chanty trustees on my examination of the accounts of the Company for the year ended 3110812024. Responsibilities and basis of report As the chartVs trustees of the Company {who are also the diredors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordan￿ wtth the requirements of the Companies Act 2006 ('the 2006 Acr). Hawng satisfied myself that the accounts of the Company are not required to be audtted for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in resped of my examination of your chanty's accounts as carrted out under section 145 of the Charities Act 2011 {"the 2011 Acri. In carrying OLrt my examination, I have followed the Directions given by the Charity Commission (under section 145{51(bl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confimi that no material matters have come to my attention which gives me cause to believe that.. ' accounting records were not kept in accordance with section 386 of the Companies Act 2006" or . the accounts do not accord with such records,. or . the accounts do not comply with relevant accounting requirements under sethon 396 of the Companies Act 2006 other than any requirement that the accounts grve a 'true and fair. view which is not a matter considered as part of an independent examination,. or .the accounts have not been prepared in accordance with the Charibes SORP (FRS1021. IER October 2018

I have no con￿M$ and have come across no other matters in connection wf(h the examinab.on to vthich attention should be drawn in this report in order to enable a proper understarmling of the accounts to be reached. . Hease delete the woffls in the brackets rfthey not apply. Signed: Date: 30 April 2025 Name: Geoffrey Matthew Hunter Relevant professional qualificationlsl or body (if any): FCA {ICAEW) Address: Flat 34 Darwin Court Gloucester Avenue LONDON NW1 7BG Section B Disclosure Only complete rf the examiner needs to highlight material matters of con￿rn {see CC32, Independent examination of charity a￿)unts. diredions and guidance for examiners). Give he￿ brief details of any items that the examiner wishes to disc105e. IER October 2018