COVENTRY PHILHARMONIC SOCIETY REGISTERED CHARITY NO 506185 INDEPENDENT EXAMINERS REPORT AND UNAUDITED ACCOUNT8 FQR THE YEAR ENDED 31 AUGU8T 2024
COVENTRY PHILHARMONIC SOCIETY
CHARITY INFORMATION
Trustees C Simmons Chair J Weston Vice Chair S Cowen Secretary to 23/10/23 R White Secretary from 23/10/23 P Rowell Treasurer to 24/10/24 R Myers Treasurer from 24/10/24 C Naya E Chester H Whitney C Lewis C Gelsthorpe H Ward A Jakubowska R N Kingdon L Wieczerzynska J Durrant * These Committee members became Trustees under a resolution passed at the Society Annual General Meeting on 22 September 2022. They were all appointed on 26 October 2023 Charity registration number 506185 Other names Coventry Philharmonic Choir Principal office Treasurer 8 Chelveston Road Coventry CV6 1PG Independent examiners Azets Audit Services 3Mc Middlemarch Business Park Siskin Drive Coventry CV3 4FJ
COVENTRY PHILHARMONIC SOCIETY CONTENTS TRUSTEES ANNUAL REPORT INDEPENDENT EXAMINERS REPORT RECEIPTS AND PAYMENTS ACCOUNTS STATEMENTS OF ASSETS
COVENTRY PHILHARMONIC SOCIErY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDING 31 AUGUST 2024 Objectives and activities for the publlc benefit The Coventy Philhamionic Society (Ihe Society.) has the following objectives: . to advance, improve. devek)p and maintaln public education in, and appreciation of. the art and Scien of music in all its aspects by any means the trustees see fit, inGluding through the presentstion of public conrtS and recitals. . to provide facilities which promote the practice or enjoyment of the art of music for recreation or other leisure lime occupation and to make them available in the interests of social welfare to individuals who have need of such facilities by reason of their youth, age, infinnity or disablement, financial hardship or social and economic circumslances or for the public at large with the object of improving conditions of life. The Society18 largely maintained through members, subscriptions and sales of concert tlckets and programmes. Substantial funds are also raised thr¢9h the actÉvities of the Social Team and Knit & Stitch Group. The beneficlarles of the Soclety are fts members and the wider concgrt%oing public. The trustees confirm that they have referred to the Charity Commission's guidance on public benefrt when reviewing the Society's aims and objectives and in planning fulure activities. Structuro. governance and management The charity is governed by its constltution. adopted on 22 October 2015 at the Annual Gener81 Meeting which sets out its rules and objectives. Coventry Philharmonic Society is an unincorporated charity (no 506185) managed by a board of trustees. A list of those serving during the financial year is shon on the charity information page. The trustees are appointed each year. Trustees meetings are held regularty arKI deal with the broad strategy of the organisation and monitoring of its implementation. The trustees are responsible for the overall financial running of the organisation. Reserves policy We have review our Reserves Policy in line with Charty Commission guidance and have reduced our reserve to £15.000. which will cover unforeseen expenditure that may arise in the future, e.g. purchase of new non monetary assets and costs associated with possible
expansion of our activities The Reserve Policy will be reviewed on an annual basis Results and review The overa11 state of the Society's year end finances is shown in the Annual Surnrnary document. It shows an overall surplus for the year of £1735 compared with £3130 last year. This means that our reserves have increased to £22,377. Once again, financially the Christmas concert was the most beneficial with a profit of just over £1700 but overall there was an overall defKit of £2849 on the Concert account. Glft Aid continues to be an essenlial part of our income and we saw a small increase this y49ar with Gift Aid income of £2733 compared with £2217 last year. Slgned o Ifof charity's Trusto•s Mrc Slmmons Trustee MrsRM Trustee Date...... 1.3.fW..(e£Our]W XS
Ind•pendent Examinerf8 Report to the Trustees of Coventry Phllharmonic Society I repLYtto the charftytrue8s on my e%nlOn ofthe clthe tharty forts year eThY8d 31 AW 2024. Responsibilities and basls of report Asthe charitystresyoU wmlble for th8 weparalion oflhe a(wints in ajXjrfae whh the wuir8m8ntsofthe ae$A2o1l (IheArf). I rekY)rt in res of my exam11 of the tharlty's a)l (xrrlgj out understh 145 ofthe Act and In carrsrfNJ out myexamlnatknn I have fop 81 the alcable t)irectKJns grven tythe Chaiity Commission undersectton 1495Xb) ofthe A Independent oxaminerfs statement I have c(ryl my 8xamlnaOon. l (xJffimi that no materFal have corn to nry att&Jtion In the exIn[C gfvi cause trj believe in any material IBWL accountirYJ rnc(wtls rnt kept kn respeLofth8 chity a8 reryAred by 8th 130 ofth& . (y I hava no concems and c0ft wJoss Oth Matt in (x)nslon Ihe examimllon to th attenllM 8h¢Jld be <traMI h th[8 rqxyt In Dert0 &ble a proper urK18rntandNJ of the acccuts to be rnached. RthrtAndemn FCA 3Mc Mthlemarh BLrS Park Sithkn CJrf¥e CWJ 4FJ 27 rt1 22s
COVENTRY PHILHARMONIC SOCIETY- REGISTERED CHARITY NO. 506185 Accounts for the Year Ended A 2024 st 31rt Recel and Pa ents Accoun nrestrlrted Unrestrlcted Restrfrted Fund Total 2023 024 2023 23 23 2023 Subscriptlons and donations Tax Refunds re Covenants/Gift Ald Miscellaneous Income 12,226 2,733 12,226 2,733 10,132 2,217 Soclal Fund Bank and Bulldln8 Soclety Interest Tlcket and Pro8r8mme Sales Mlscellaneou5 Concert Income Music Hire/S8les 2,734 474 2,734 474 2,927 165 4,918 635 7,126 604 7,126 332 8,062 332 135 18.167 26,229 21209 ents Printing, Postage and Statlonery Soclal Fund 296 296 845 Sundry Expenses and Advertlslng Hlre of Rehearsal Room Conductor & Accompanlst Muslc Purchase & Hlre Orchestra 1,086 2,306 9,894 1,086 2,306 11,494 461 963 1,998 11,100 108 1,6CM) 461 1,800 387 1,800 387 125 Printing and Advert15in8 Sololsts 334 4,400 2.263 10,911 4,4fKI 2,263 24,494 1,600 1,007 18,079 Hlre of Hall and Concert Expenses 13,583 ui 4,584 { 2,849) 1,735 3,130 Monetsry assets brought forward 20,642 17,512 Monetary assets carrled forward 22,377 20,642
Unrestrfcted Restrlrted Funds Fun Totsl Total 2023 2024 2023 2024 2023 2024 2022 CAF Current Account 3,590 18,787 22,377 3,590 18,787 22,377 5,317 15,325 20,642 CAF Gold Account Non Monets Assets The tharlty own5 a Kawal model CSII piano with a value of £3000 Muslc manuscrlpt stock Is not quantifled and costs are wrltten off in the concert account. It Is estlrnated that It would cost approxlmately £1,800to replace the stock hdd. The accounts w roved by e Trustees on 24110124 MRCSI MONS Mrs R MYERS