# **Worcester Festival Choral Society Registered Charity No. 506826** **Annual Accounts For The Year Ended 31 May 2025** ## **Treasurers Report** ## Dear Members We have had another year of most enjoyable music making. As a bonus, it has made a financial profit of £6,484. It is important to note however that this is almost equal to the legacy left to the society by Barbara Hopper, a previous member, plus the bank interest that we earned from our Fixed Term Deposit accounts. This was the interest for 20 months at a time of high interest rates, so must be considered as a one-off bonus. In other words, our music making plus fund raising more or less broke even. As usual, the concert that produced the greatest income was the Messiah concert, although the Faure/Mozart concert ran it close. The Messiah concert was cheaper to put on however, largely due to requiring a smaller orchestra. We know that our costs, such as cathedral charges and soloists’ costs, will continue to rise. The committee feels that a gradual increase in members’ annual subscription is better than a sudden larger increase and so it is proposed that the subscription for 202526 should increase to £140. If you are a Facebook user, you will have seen adverts for many other concerts in the Cathedral (and no doubt the adverts are on other social media platforms). So we will all have to continue to work hard on encouraging friends and family to come to our concerts. Michelle continues to put lots of effort into publicising our concerts, so please do respond when she asks for help. Our fundraising efforts are an important part of our income. The 2025 Come and Sing day made a profit of almost £1,700 as well as being an enjoyable occasion. The weekly raffles raised £1,138 including the gift aid we claimed on takings. The 100 Club contributed £1,750 this year. We must give a big thankyou to those who organise these initiatives. And thank you to all of you who support them. ## Barbara Ford 2 ## **Income & Expenditure Account For The Year Ended 31 May 2025** |**Note**
**Income**
Concerts
1
Come and Sing
Subscriptions
Patrons
Fundraising & Donations
Publications
Investment Income
Gift Aid
Miscellaneous
**Total Income**
**Expenditure**
Concerts Costs
1
Cash Accounting Adjustment
Overheads
3
**Total Expenditure**
**Surplus For The Year**|**2025**
**2024**
**£**
**£**
40,609
32,837
3,027
-
19,110
17,803
4,020
5,535
5,058
7,787
475
162
4,671
1,407
3,403
3,444
490
720| |---|---| ||**80,863**
**69,695**
66,804
56,130
-
1,827
7,575
8,515| ||**74,379**
**66,472**| ||**6,484**
**3,223**| 3 ## **Balance Sheet As At 31 May 2025** |**Balance Sheet**
**As At 31 May 2025**|| |---|---| |**Current Assets**
Cash At Bank
4
**Net Assets**
**Reserves**
Brought Forward
Surplus (Deficit) For The Year
Legacy Fund
5
Endowment Fund
**Total Reserves**|**2025**
**£**
**2024**
**£**
123,892
117,408| ||**123,892**
**117,408**| ||70,345
67,122
6,484
3,223
44,950
44,950
2,113
2,113| ||**123,892**
**117,408**| ……………………………………………… ## Signed by …………………………………………….. ## Date 4 # **Independent examiner’s report to the trustees of Worcester Festival Choral Society** ## **Responsibilities and Basis of Report** As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiners Statement** I have completed my examination of the accounts set out on pages 2 to 7. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ian Jarvis FCA 16 September 2025 Vertis Accounting Limited Independence House Queen Street Worcester WR1 2PL 5 ## **Notes To The Accounts** ## **1. Concert Programme** |**Income**
Ticket Sales
Programme Sales & Adverts
**Total Income**
**Expenditure**
Artistes Fees(see note 2)
Hire of Halls
Other Expenses
Printing & Publicity
Programmes
**Total Expenditure**
**Deficit**|**Concert**
**1**
**£**
12,204
**Concert**
**2**
**£**
12,128
**2025**
**Concert**
**3**
**£**
13,115
**General**
**£**
3,162
**Total**
**£**
37,447
3,162|**Concert**
**1**
**£**
9,558
**Concert**
**2**
**£**
12,990
**2024**
**Concert**
**3**
**£**
8,085
**General**
**£**
2,204
**Total**
**£**
30,633
2,204| |---|---|---| ||**12,204**
**12,128**
**13,115**
**3,162**
**40,609**
18,155
11,271
20,855
50,281
2,240
2,506
3,499
8,245
1,555
1,555
5,184
5,184
1,539
1,539|**9,558**
**12,990**
**8,085**
**2,204**
**32,837**
15,575
11,019
16,458
43,052
2,342
2,111
2,390
6,843
647
647
4,871
4,871
717
717| ||**20,395**
**13,777**
**24,354**
**8,278**
**66,804**|**17,917**
**13,130**
**18,848**
**6,235**
**56,130**| ||**(8,191)**
**(1,649)**
**(11,239)**
**(5,116)**
**(26,195)**|**(8,359)**
**(140)**
**(10,763)**
**(4,031)**
**(23,293)**| |||| 5 ## **2. Artistes Fees** |Conductor
Accompanist (concert)
Orchestra
Soloists
Accompanist (rehearsals)
Chorus Master
Concert Manager
**Total**|**2025**
**Concert 1**
**Concert 2**
**Concert 3**
**Total**
1,640
1,640
1,700
4,980
275
275
670
1,220
8,900
5,000
7,900
21,800
3,400
3,400
6,412
13,212
1,400
280
1,400
3,080
2,330
466
2,563
5,359
210
210
210
630|**2024**
4,920
550
21,440
8,150
2,772
4,620
600| |---|---|---| ||**18,155**
**11,271**
**20,855**
**50,281**|**43,052**| ## **3. Overheads** |Subs (Making Music)
Come & Sing Expenses
Insurance
Auditions
Miscellaneous
Website
Non-Reclaimable VAT
Music Hire
Donations|**2025**
**2024**
354
338
1,385
-
289
283
52
315
1,335
3,168
520
191
2,518
3,600
1,072
-
50
620| |---|---| ||7,575
8,515| ## **4. Bank Balances** |||**2025**|**2024**| |---|---|---|---| |Lloyds|Current Account|16,551|17,845| |Lloyds|Treasurers Account|13,856|10,454| |Lloyds|Deposit|17,000|17,000| |Lloyds|180 Day Deposit|76,485|72,109| |||123,892|117,408| 6 ## **5. Prior Year Adjustment – Cash Accounting** In line with normal practice for a charity of our size we have changed the presentation of its accounts to the cash-based income and expenditure basis as opposed to the accruals accounting basis used previously. The figures for 2024 have been restated for comparability purposes as though they had been originally prepared under the cash basis. Thus, the value of Publications (£715), 100 Club (£1,133) and the creditor for VAT (£21) have been expensed against reserves. The legacy income creditor balance has been moved to a designated fund within reserves. ## **6. Legacies Fund** ||**2025**|**2024**| |---|---|---| |Patricia Thomson|36,950|36,950| |Norman Robertson-Smith|5,000|5,000| |Vivian Bowker|2,000|2,000| |Ian Pattison|1,000
44,950|1,000
44,950| 7