The Leicester Philharmonic Choir (Registered charity, number 501551) Financial statements for the year ended 31 July 2024 Page Contents Trustees, annual report Independent examiner's report Receipts & payments account Statement of assets & liabilities Notes to the accounts capLUS The Leicester Philhamionic Choir Trustees, annual report for the year ended 31 July 2024 Full name The LeiGestei Philharmonic Choir Registered charity number 501551 Principal address 5 Mucklegate Lane. Seagrave, Loughborough, Leicestershire, LE12 7LD Trustees Helen Marston, Chair Rosamund Thorpe. Treasurer Shirley Godber, Membership Secretary, until 31107,124 Sophie Bevin. Membership Secretary, fn)m 01108124 Marie O'Neill John Aucott, until 07111123 Hilary Garnett, from 22101124 Susan Alleyne, until 01108123 Gillian Watts. from 22101124 Kim Peake, until 22101124 Trevor Worsfold, from 22101124 Independent examiner John O'Brien, employee of Communty Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG15GL Governance and management The charity is oparatad under the rules of its constitution adopted 19 June 1974 and most re￿ntlY amended 02 July 2001. The choir is constantly looking to recruit and appoint suitable new trustees. Members of the choir are invited to consider volUnt￿rIng to become a trustep on an ongoing basis, and this is particularly emphasised at the Annual General Meeting each January. ObjeGtives and activities The objectives of the choir are to promote, improve, develop and maintain public education in and appreciation of choral and orchestral music in all its aspects by the presentation of public choral andlor orchestral Gon￿rtS and by such other ways as the choir may detemiine from time to time. The main activities of the choir are to put on three or four con￿rtS each year, usually in the autumn. at Christmas, in the spring and in the summer. Summary of the main activities undertaken for the public benefit The public is informed about the con￿rtS through advertising, social media and word of mouth, and encouraged to attend as frequently as possible. 'Come and Sing, days and Singing Workshops are also held on an occasional basis, and these are open to the public to give them a taste of singing with the choir, and encourage them to join the choir rf appropriate. The Leicester Philharnionic Choir PubliG benefit ststement Th8 Trustees confimi that they have complipd wrth the duty in section 17 of the Charities Act 2011 to have due regaid to the Charity Commission's general guidan on public benefrt, 'Charities and Public Benefit,. Summary of the main achievements during the period The 2023124 season started on 21 St October 2023 with a performan￿ at Lei￿ster Grammar School of the Mozart Requiem along with Richard Blackford's Piets, accompanied by Knighton Chamber Orchestra. This was followed on 14 December by 'Carols at St James, _ the traditional GOn￿rt of carols and Christmas readings at the Church of St James the Greater in LeI￿Ster. On 23rd March 2024 the choir was back at Lei￿ster Grammar School to perfomi the 'Sing in Spring, con￿rt. The main works featured were two by ce￿lia McDowell - Everyday Wonders: The Girl from Aleppo. and A Fancy of Folksongs. The choir also sang John Rutterfs Sprig of Thyme, and Howard Goodall's version of The Lord is my Shepherd. The final cOn￿rt of the 2023124 season was held at St Aidan's Church in Leicester on 6tli July 2024 when the main work was the Vivaldi Gloria. The choir also sang Dixit Dominus by Isabella Leonarda. alongside J S Bach's Herz und Mund und Tat und Leben, and the orchestra on this occasion was Musica Donum Dei. Financial review The total income for the year was £34,974 (2023-. £36,986) and the total expenditure was £32,096 (2023: £45.362). Tho charity's policy on reserves The trustees continue to review the reserves on a regular basis in the current difficult financial Glimate. At the year end cash reserves ale £22,173 (2023: £19,295). The reserves policy is to have sufficient reSe￿￿S for the choir to continue with its proposed diary of events. The choir still has sufficient resetves to enable performan￿5 to continue for the foreseeable fulure. The trustees are continually looking to minimise costs and this. together wrth tight management of the investments. will ensure that the choir remains in the strongest possible financial position. Financial risks The trustees have assessed the risks to which the choir is exposed, in particular those related to the operations and fInan￿S of the choir. and are satIsf￿d that systems are in place to mitigate the exposure to the major risks. 4• Signed on behalf of the chanty's trustees: Signed Helen Marston. Trustee Date X Independent examinerfs report to the trustees of The Leicester Philhamionic Choir for the year ended 31 July 2024 I report to the trustees on my examination of the accounts of The Leicester Philharmonic Choir (the charrty) for the year pnded 31 July 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordan￿ 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 2011 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 examincr's statement I have completed my examination. I confinn that no matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act" or 2. the accounts do not accord with those records. 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. Signed Date 2111112024 c, FCCA, FCIE Employee of Community Accounting Plus The Leicester Philharnionic Choir Receipts & payments account for the year ended 31 July 2024 2023 2024 Tota I Funds Total Funds ilnre*lded Re*icted Funds Funds Receipts Concerts ir￿rne Donations Exte￿￿[ music loar hterest & dividends Music hire to members Patrons Subscriptions Total receipts 17213 2538 145 1271 865 700 14254 36986 10487 7131 467 1553 1400 720 13216 34974 10487 7131 467 1553 1400 720 13216 34974 Payments Administration Bank & card fees Concerts expernlitwe IrKleperKlent examination Insuran & website MD. Accompanist & Deputies Music hire & purchase PubliGity Rehearsal experKliture Room hire Total payments 552 560 384 13489 876 732 531 8735 1880 968 560 384 13489 876 732 531 8735 1880 968 28603 800 421 9506 1218 200 734 3328 45362 3941 32096 3941 32096 (8376} 27671 Net receiptsl{payments) Cash futKls at start of this period Transfers between fvnds Cash funds at end of this period 2878 19133 162 22173 2878 19295 162 162 19295 22173 The Leicester Philharmonic Choir Statement of assets and liabilities at 31 July 2024 2023 2024 Cash assets Bark accounts Note 19295 19295 22173 22173 Other monetsry assets Stock - Music library of ckK)ral scores lrnEsknents Debtors 1383 53682 1383 55400 506 57289 55065 Assets retsined for the charity's own use Gereral equipment Liabilities Creditor- MepeThlent examination 876 (876) 450 450 These financial statements are a￿pted on behalf of the charity by: Signed Rosamund Thorpe. Trustee Dated 19-11-*LF The Leicester Philhamionic Choir Notes to the accounts for the year ended 31 July 2024 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand. 2. Grants & donations Unrestricted Rostricted Total Individual dor￿tionS HMRC Gift aid 5253 1878 7131 5253 1878 7131 3. Funds analysis Opening Receipts (Payrnents) Transfer& balance Closing balance Restricted funds 125th Anniversary co￿ert 162 162 162 (162) Unrestrictsd funds Ge￿ra1 19133 19133 34974 32096 34974 (32096> 162 162 22173 22173 The transfer from the 125th Anniversary cOn￿rt fund to the General fund rclatcs to activities which have ￿ased. and the release of any restrictions on the use of these funds. 4. Investments The investments are made up of 28,404.21 units in COIF Charities Short Duration Bond Fund and £20,000 on deposit in a NS&I Income Bond. In the previous yearfs account, prepared on an accruals basis, the investments were reported within a Permanent Endowment fund. After much investigation, including communications with the Charity Commission. trustees determined that any restrictions on the use of the endowment no longer apply. The Leicester Philhamionic Choir 5. Debtors Prepayment - Administration Prepayment - IT & website 305 201 506 6. Concert income and expenditure Mozart Carols at Sing in Requlem S￿G Spring 21110123 14112123 23103124 Vivaldi Gloria OW07124 Others Totals Income Ticket sales Refreshmentsl Other Programme Sales Programme Advertisir 2196 405 67 3265 1278 160 164 22 1624 1759 824 9322 599 521 45 10487 290 23 3612 2668 1759 824 Expenditure VenLE Hire Conductor, Soloists, Orchestra Programmes Refreshments Ad￿rtising Other 841 10525 919 702 219 283 13489 4525 325 169 25 21 5065 725 34g 323 110 21 2369 875 245 g9 4400 111 84 96 4691 145 1364 Net Incomel{Expenditure) {2397) 1243 260 (2932) 3002 7. Trustees. remuneration Trustees re￿iVed no expenses, remuneration or benefrts in this period. 8. Glossary of temis Creditors: These are amounts owed by the charity, but not paid during the accounting period. Prepayments: These are ServI￿S that the charrty has paid for in advance, but not used during the accounting period. Restricted funds: These are funds given to the charity, subject to specrfic restrictions set by the donor, but still within the general objects of the charity.