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2025-08-31-accounts

COVENTRY PHILHARMONIC SOCIETY

REGISTERED CHARITY NO. 506185

INDEPENDENT EXAMINERS REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025

COVENTRY PHILHARMONIC SOCIETY

CHARITY INFORMATION

Trustees C Simmons Chair
R White Secretary
R Myers Treasurer – appointed 24 October 2024
C Naya
E Chester
H Whitney
C Lewis
C Gelsthorpe
H Ward
A Jakubowska
R N Kingdon
L Wieczerzynska
J Durrant
J Weston – appointed 24 October 2024
S Cowen
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

STATEMENT OF ASSETS

COVENTRY PHILHARMONIC SOCIETY

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDING 31 AUGUST 2025

Objectives and activities for the public benefit

The Coventry Philharmonic Society (“the Society”) has the following objectives:

∙ to advance, improve, develop and maintain public education in, and appreciation of, the art and science of music in all its aspects by any means the trustees see fit, including through the presentation of public concerts and recitals.

∙ to provide facilities which promote the practice or enjoyment of the art of music for recreation or other leisure time 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, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large with the object of improving conditions of life.

The Society is largely maintained through members’ subscriptions and sales of concert tickets and programmes. Substantial funds are also raised through the activities of the Social Team and Knit & Stitch Group. The beneficiaries of the Society are its members and the wider concert-going public.

The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Society's aims and objectives and in planning future activities..

Structure, governance and management

The charity is governed by its constitution, adopted on 22 October 2015 at the Annual General 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 shown on the charity information page.. The trustees are appointed each year.

Trustees meetings are held regularly and 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 reviewed our Reserves Policy in line with Charity 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 overall state of the Society’s year end finances is shown in the Annual Summary document. It shows an overall surplus for the year of £5,239 compared with £1,735 last year. This means that our reserves have increased to £27,615.

Once again, the Christmas concert was the most financially beneficial, with a profit of just over £1700, but small profits were also made in two of the three other concerts given during the year. The choir’s contribution to the overall loss from a joint concert with two other choirs was just £267. A performance of the Faure Requiem yielded a profit of £458, of which £450 was donated to the Church of the Precious Blood in Coventry, which had commissioned the concert as part of its Centenary celebrations.

Gift Aid continues to be an essential part of our income but we saw a decrease this year, with Gift Aid income of £2,435 compared with £2,733 for 2024.

Signed on behalf of the charity’s Trustees

Colin Simmons Chair 18 April 2026

Rosamund Myers Treasurer 18 April 2026

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COVENTRY PHILHARMONIC SOCIETY - REGISTERED CHARITY NO.506185

Accounts for the Year Ended August 31st 2025

Receipts and Payments Account

----- Start of picture text -----
General Concert
Account Account
Unrestricted Unrestricted Restricted
Funds Funds Funds Total Total
2024/2025 2024/2025 2024/2025 2024/2025 2023/2024
£ £ £ £ £
Receipts
Subscriptions and donations 11,955 11,955 12,226
Tax Refunds re Covenants/Gift Aid 2,435 2,435 2,733
Miscellaneous Income 806 806 -
Social Fund 2,520 2,520 2,734
Bank and Building Society Interest 437 437 474
Ticket and Programme Sales 6,190 6,190 7,126
Miscellaneous Concert Income 602 602 604
Music Hire/Sales 742 742 332
18,153 7,534 - 25,687 26,229
Payments
Printing, Postage and Stationery 135 135 -
Social Fund 771 771 296
Sundry Expenses and Advertising 2,514 2,514 1,086
Independent Examiners Fee 600 600 -
Hire of Rehearsal Room 2,425 2,425 2,306
Conductor & Accompanist 7,822 3,036 10,858 11,494
Music Purchase & Hire 390 390 461
Orchestra - - 1,800
Printing and Advertising 152 152 387
Soloists 1,300 1,300 4,400
Hire of Hall and Concert Expenses 1,305 1,305 2,263
14,266 6,183 - 20,449 24,494
Net Receipts/(Payments) for the year 3,887 1,351 - 5,238 1,735
Monetary assets brought forward 22,377 20,642
Monetary assets carried forward 27,615 22,377
----- End of picture text -----

Statement of Assets at 31 August 2025

Monetary Assets

CAF Current Account
CAF Gold Account
Cash in Hand
Unrestricted
Restricted
Funds
Funds
Total
Total
2024/2025
2024/2025 2024/2025 2023/2024
£
£
£
£
8,371
8,371
3,590
19,210
19,210
18,787
34 34
27,615
-
-
27,615
22,377

Non Monetary Assets

The charity owns a Kawai model CS11 piano with an estimated value of £2,000

Music manuscript stock is not quantified and costs are written off in the concert account.

It is estimated that it would cost approximately £2,100 to replace the stock held.

The accounts were approved by the Trustees on 2 April 2026

Mr C Simmons

Mrs R Myers