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2024-03-31-accounts

REGISTERED CHARITY NUMBER: 513349R

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR

COR MEIBION DE CYMRU – THE SOUTH WALES MALE CHOIR

Michael J McGivern CMDC Treasurer 166 Pencisely Road Cardiff CF5 1DP

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13 to 14

Page | 1

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objects are to foster and promote the education of the general public in the appreciation of music in all aspects and to co-operate with local authorities, education institutions and cultural societies relating to the practice, presentation and study of music, inter alia, to promote better and more widespread performance of male choral work, both inside and outside of the United Kingdom And for the furtherance of good understanding and international co-operation in choral work between similar foreign choirs and communities.

ACHIEVEMENT AND PERFORMANCE

During the year the choir engaged in a number of events that helped raise money for charities. These included fund-raising concerts in Neath for Dŵr-y-Felin School, Shrewsbury for the Samaritans; in Newbury for the Newbury Rotary Club, in Tenby for the Wales Air Ambulance, Llanboidy for local charities, and in Lincoln for local charities and the Military Wives Foundation

FINANCIAL REVIEW

Financial position

At 31 March 2024 the Charity had total assets of £29,596 of which £5,782 were restricted and £23,814 were unrestricted free reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The details can be summarised into the following sections:

a) Object of the Choir.

b) Charitable Status

c) Membership d) Management e) Officers and Committee f) Finance g) Annual Subscriptions

h) Voting i) Requests for Concert work.

j) Official Choir Uniform. k) Annual General Meeting l) General Rules

m) Alteration to the Constitution n) Dissolution

o) Date of Adoption of Revised Constitution

Page | 2

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 513349

Principal address

18 Sion Street Traffwyn Pontypridd CF37 4SD

Trustees

Gareth Huw Davies Concert Organiser - Wales Robert Stanley Davies Treasurer until July 2023 Peter Edkins Recruitment/Website Peter Evans Chair until July 2022 Lyn Ford Co-opted Deputy Choir Marshall Jeff James Concert Organiser - England Anthony Hayes Librarian Michael McGivern Treasurer from August 2023 Peter Oliver Tours Organiser Ian Powell Choir Marshall Geoffrey Smallbone Chair Guy Edwards Secretary Bob Lewis Member David Stewart-Walvin Public Relations Officer Gwynlais Phillips Vice Chair from 2022

Independent Examiner The Archetype Accountants Ltd Chartered Certified Accountants 68 Ffordd Parc Castell Bodelwyddan Rhyl LL18 5WD

Approved by order of the board of trustees on 25 January 2025 and signed on its behalf by:

........................................................................

Mr Guy Edwards - Trustee

Page | 3

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR EXAMINER'S REPORT TO THE TRUSTEES OF COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR

_______________

The examiner's report to the trustees of Cor Meibion De Cymru - The South Wales Male Choir

I report to the charity trustees on my examination of the accounts of Cor Meibion De Cymru- The South Wales Male Choir (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust, 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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 to enable a proper understanding of the accounts to be reached.

Reviewed by:

Janita Heaton-Rue FCCA

The Archetype Accountants Ltd

68 Ffordd Parc Castell Bodelwyddan Rhyl LL18 5WD

Date: 13/01/2025

Page | 4

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024


Notes
INCOME AND ENDOWMENTS FROM
Donations and Legacies
2
Charitable Activities
5
Choir
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
Charitable activities
Choir
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
11
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
17,399
12,192
165
317
30,073
0
26,096
26,096
0
3,977
19,837
23,814
Restricted
funds
£
0
58,105
0
0
58,105
0
54,886
54,886
0
3,219
2,563
5,782		 31.3.24
Total
funds
£
17,399
70,297
165
317
88,178
0
80,982
80,982
0
7,196
22,400
29,596		 31.3.23
Total
funds
£
10,900
77,765
505
37
89,207
25
107,345
107,370
-18,163
-
-18,163
40,563
22,400

Page | 5

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR BALANCE SHEET MARCH 2024

Notes
CURRENT ASSETS
Stocks
8
Debtors
9
Cash in Bank
Total
CREDITORS
Amounts falling due within one year
10
CURRENT NET ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted Funds
TOTAL FUNDS		 Unrestricted
funds
£
705
2,500
21,179
24,384
-570
23,814
23,814		 Restricted
funds
£
0
3,452
65,748
69,200
-63,418
5,782
5,782		 31.3.24
Total
funds
£
705
5,952
86,927
93,584
-63,988
29,596
29,596		 31.3.23
Total
funds
£
940
887
28,005
29,832
-7,432
22,400
22,400
23,814 5,782 29,596 22,400
23,814
5,782
29,596		 19,837
2,563
22,400

The financial statements were approved by the Board of Trustees and authorised for issue on …………………… and were signed on its behalf by:

……………………………..

Mr M McGivern – Treasurer CMDC

Page | 6

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 ACCOUNTING POLICIES

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of financial Activities once the charity has entitlement to the funds. It is probable that the income will be received, and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been attributed to activities on a basis consistent with the use of resource.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 DONATIONS AND LEGACIES

2 DONATIONS AND LEGACIES
31.3.24 31.3.23
£ £
Donations 8,849 7,440
Subscriptions 7,620 3290
Friends’ membership 930 170

Page | 7

17,399 10,900

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

3 OTHER TRADING ACTIVITIES

CD Sales
Royalties
Christmas Card Sales
 CD sales: £460 carried forward to 5/24
4 INVESTMENT ACCOUNT INCOME
Deposit Account interest
5 INCOME FROM CHARITABLE ACTIVITIES
Activity
Performances
Choir
Travel Income
Choir		 £
20
0
145
165
31.3.24
£
317
31.3.24
£
12,192
58,105
70,297		 £
480
25
0
505
31.3.23
£
37
31.3.23
£
12,418
65,347
77,765

6 TRUSTEES' REMUNERATION AND BENEFITS

TRUSTEES' EXPENSES

There were no Trustees' remuneration or benefits for the year ended 31.3.2024

Trustees' expenses

31.3.24
£
275		 31.3.23
£
1,170

Page | 8

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and Legacies
Charitable activities
Choir
Other trading activities
Investment Income
Total
EXPENDITURE ON
Raising Funds
Charitable activities
Choir
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
10900
77765
505
37
89207
0
107370
107370
-18163
38000
19837		 Restricted
funds
£
0
0
0
2,563
2563		 Total
funds
£
10900
77765
505
37
89207
25
107370
107395
-18188
40,563
22400

8 STOCKS

31.3.24

31.3.23

Page | 9

£ £

Stocks (valued at 75% previous year) 705 COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

705 940

9 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

9 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Deferred income
Accrued expense
11 MOVEMENT IN FUNDS
Net
movement
At 31.3.23
in funds
£
£
Unrestricted
General fund
19,837
3,977
Restricted funds
Gavin Thomas legacy fund
2,563
0
Travel fund
0
3,219
2,563
3,219
TOTAL FUNDS
22,400
7,196		 31.3.24
£
2,500
3,452
5,952
31.3.24
£
15,010
48,408
570
63,988
Transfers
between
funds
£
0
0
0
0
0		 31.3.23
£
439
448
887
31.3.23
£
3,010
2,923
1499
7,432
At
31.3.24
£
23,814
2,563
3,219
5,782
29,596

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
Unrestricted £ £ £
General fund 30,073 26,096 3,977
Restricted funds
Travel fund 58,105 54,886 3,219

Page | 10

TOTAL FUNDS

7,196

88,178

80,982

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

11 MOVEMENT IN FUNDS - continued

Comparatives for movements in funds

At 1.4.22
£
Unrestricted funds
General fund
38,000
Restricted funds
Gethin Thomas legacy fund
2,563
TOTAL FUNDS
40,563
Comparative net movement in funds, included in the above are as
Incoming
resources
£
Unrestricted funds
General fund
89,207
TOTAL FUNDS
89,207		 Net
movement
in funds
£
- 18,163
-
- 18,163
follows:
Resources
expended
£
- 107,370
- 107,370		 At
Total
31.3.23
£
19,837
2,563
22,400
Movement
in funds
£
- 18,163
- 18,163

RESTRICTED FUNDS

Gethin Thomas legacy fund - This fund is available to choir members in need.

Travel fund - This fund consists of income received from members towards concert travel costs.

Page | 11

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

12 RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

13 DEFERRED INCOME

Deferred income consists of travel income received in advance of the trip.

Balance brought forward
Released in the year
Deferred in the year		 31.3.2024
£
2,923
2,923
48,408
48,408		 31.3.2023
£
22,680
-
22,680
2,923
2,923

Page | 12

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and Legacies
Donations
Subscriptions
Friends Membership
Other Trading activities
CD Sales
Royalties
Christmas Cards (in Lieu)
Investment Income
Deposit account interest
Charitable activities
Performances
Travel Income
Total incoming resources
EXPENDITURE
Other trading activities
Compact discs
Charitable activities
Postage & stationery
Performance costs
Music team
Group practices

Travel costs		 31.3.2024
£
8,849
7,620
930
17,399
20
145
165
317
12,192
58,105
70,297
88,178
-
-
-
6,516
3,100
12,449
54,886
76,951		 31.3.2013
£
7,440
3,290
170
10,900
480
25
505
37
12,418
65,347
77,765
89,207
25
25
42
12,693
4,475
14,828
69,841
101,879

Page | 13

This page does not form part of the statutory financial statements.

COR MEIBION DE CYMRU - THE SOUTH WALES MALE CHOIR

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Support Costs
Management
General running costs
Governance costs
Trustee expenses
Independent examination fee
Total resources expended
Net expenditure		 31.3.2024
£
2,256
275
1,500
1,775
80,982
7,196		 31.3.2023
£
2,748
1,170
1,548
2,718
107,370
- 18,163

This page does not form part of the statutory financial statements.

Page | 14