Charity registration number.. 516921 The Derbyshire Singers Aniiual Report ]d FIn]cIal Stateiiients for the Year Ended 31 August 2024 Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL
The Derbyshire Singers Contents (continued) Reference and Administrative Details Trustees, Report 2to5 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities 8t09 Balance Sheet io Notes to the Financial Statements
The Derbyshire Singers Reference and Administrative Details Trustees Pauline Holden. Chairman Chrisiine Baker. General Secretary Elizabeth Cramp. Treasurer HeleT] Stafford. Concert Secretary Shelley Towe. Librarian 516921 Charity. Registration Number Principal Office The Hennitage Old Hackney Lane Matlock Derbyshire DE4 2QL John O'Brien. employee of Community Accounting Plus Units l & 2 North West 41 Talboi Sireet Noltingham NGI 5GL Independent Examiner Page I
The Derbyshire Singers Trustees. Report The trustees present the annual report together with the financial ststements of the charity for the year ended 31 August 2024. Objectives and activities Objects and aims The objects of the Charity shall be to advance, improve, develop and maintain public education in, and apprecialion of, the art and science of music in all its aspects by any means the tnjslees see fil including through the presentation of public events. Objectives, strategies and activities The Derbyshire Singers is a SATB choir of around 70 voices with members from North Derbyshire. We hold regular weekly rehearsals and perforni at least 3 concerts each year B".ith professional soloists, groups and orchestral players. Publie benefit All of our concerts are open to the public and serve to maintain public education and appreciation of music. The trustees confirni that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Structurej governance and management Naturé ofgoverning document The charity is operated under the rules of its constitution adopted 26 September 1985, and most recently amended on 21 March 2023. Page 2
The Derbyshire Singers Trustees, Report (continued) Recruitmenl and appoinlmenl oftruslees l ) Elcctcd Trustccs.. a) At each Annual General Meeting, the members of the Charity shall elect the follo,ing officers who shall hold the otlice from the conclusion of ihat meeling unlil ihe conclusion of the nexi Annual General Meeting and shall then be eligible for re-election . Chairman . General Secretary • Treasurer • Concert Secretary • Librarian b) All other Trustees not in the Officer roles set out aEK)ve shall Serve a three-year tenn after which they Shall retire and be eligible for Te-election up to a fixed number of three, three-year teTms. (2) Co-opted Trustees (a) In case of a N'acancy arising on the committee. the trustees Tnay co-opt a new trustee from the membership of the Charity who shall then stand for eleclion by members ai the next annual general meeting. (b) Where relevant the existing trustees n]ay also appoini Co-opted tnteeS who are not a member of the Charity to provide additional expertise or experience, provided tliat (i) any Co-opted trustees do not represent more than one-third of all trustees (li) any such Co-opted trnstees serve no more than nvo Consecutive three-year lemis. (3) The trustees may appoint Cfropted trustees as officers provided that no more than one-third of officers are Co-opted trustees. Achievements and perfornnce Chaimian's r¢port Our 50th and Golden Anniversary Season started full of promise with a wonderful programme put together by Lynne and Joe, including the long-aw'aited return of our celebrated Christmas Cracker. Unfortunately, late October brought torrential rain and flooding, so our concert on 2 1st October was cancelled due to the significant risk in tral'elling. We had looked fornvard to welcoming back six soloists narnely Louise Collett, Andrew Mackenzie-Wick5, Tim Mirfin and Rowan Pierce together 11th accompanists George Parsons and John Keys. It proved imEX)ssible to Teschedule Rossini's Petite Messe Solennelle to Ixter in the season but we are considering x performance in the future. Happily, however, our Chri5tTnas Cracker remrned after a five-year absence albeit now at Lady Manners School, Bakewell. The evening was illutninated by fairy lights with a colourful light show provided by Nic Wilson. We thank Roger Jepson, whose generous donaiion supported ihe delayed return to Bakewell of the world class Foden's Band, British Champions in 2023, conduLted by Michael Fowles and Roger. We were also fortunate enough to be accompanied by the always popular Eleanor Korn&s on piano and organ. A snowy evening of terrific music-making was enjoyed by all. In January, Lynne and Joe broke the news 10 membas that they had both decided to retire at the end of the season. Joe started The Derbyshire Singers 50 years previously and Lynne had been associaied with the choir for at least 40 year5. They had already informed the Trustees of their intentions in the previous terni, so that we could start the task of appointing a ne Music Director in time for the following season. Page 3
The Derbyshire Singers Trustees, Report (continued) Our next concert in March featured the peerless Catherine Wyn-Rogers singiT]g Elgar's The Music Maker5 and other Elgar works, and we were pleased to welcome cellist Miriam Brown who played Bruch's Kol Nidrei so beaUtilly. We were thrilled that Neil Ferris agreed to conduct the concert in addition to coming to Matlock on 24th February to run a workqhop preparing the choir for the concctt. Many thanks to thogc members who brought yummy eakcs and bakc% on the da),. Following on from thc choir day Ncil kindly aanged for %cvcral experienced choral singers to come and support us at the perfonnance, for which we thank them. On¢ of the highlights of this special season 'aS the delicious meal al Santo's Higham Farn] Restaurant in May attended by 62 menibers and lriends in celebration of our Golden Anniversary. The opportunity lo socialise with other m¢mb¢rs was mosi ¢njoyabl¢ and the Trusl¢¢s ar¢ k¢¢n to consid¢r similar ¢v¢nts in th¢ future. The Trustees were pleased to receive six applications for the post of Music Director from ll,hich Te shortlisted four candidates. The four candidates were interviewed on the afternoon of April 16th and we were delighted that Neil Ferris joined the interk'iewers on Zoom, participating in each interview and providing us with his invaluable knowledge and experience throughout the process. Thank you to all members who supported the rehearsal that evening and for singing the pieces from the European Sacred Music Collection so beautifully in response to each candidate's half hour directing the choir. Thank you, Chris Baker and Helen Stafford, for videoing the rehearsal so that Neil could also be involved in the selection process 2t that level. On 18th April we w'ere pleased to be able to inforni choir members that the success] candidate Jonathan Allsopp had accepted our offer of the post of Music Director and would be joining us in September 2024. Jonathan has been Assistant Director of Music at Southwell Minster since 2019 and is an accomplished organist. He is also in.01VCd in conducting Ihc Cathedral Choir and is Director of the Minster Choralc, thc Cathcdral's adult voluntary choir. Jonathan was previously Otgan Scholar al Wcstminstcr Cathcdral, also conducting thc Cathedral Lhoir. Subsequenily the Truslees were pleased lo be able io meel wilh Jonny in June lo begin the process of planning the Season 51 programme and we looked forward to his rst season as Music Director. Our AGM was held on th¢ 30th April 2024. Two Trnsl¢¢s, nam¢ly Angela Read and Helen Greer did not stand for re-election and 'ere thanked for their valuable contributions to the Committee over the previous three years and their offers of support towards the summer Venetian concert. Jonathan Francis was also thanked for his expertise in both production and perforniance. after slanding dow as a Tnjstee earlier in the year. The remaining Trustees, Chris Baker- Secretary, Liz Cramp - Treasurer, Helen Stafford - Concert SecTetary, Shelley Towe - Librarian and myself ivere duly re-elected by the members en-bloc to serve a further year. My thanks go to them for their contributions and support throughout a very busy season. Although further Trustees were not elected. members were encouraged io consider taking on responsibilities which would help the Committee run smoothly with an ell11 outlining such roles to follow. The Trnstees thanked Liz for her hard WOTk in both securing an insurance payment for the cancelled concert in October 2023 and also for transferring choir fimds to accounL% with higher interest. This is vital to protect funds to enable us to continue working with high quality Tnusicians in the future. Liz also Tnanaged the increase in subscriptions at the beginning of the season, including the incorporation of all Tnusical score TequiremeT]ts, which is working well. In May, following our email appeal Ruth Slaler and Denise Bryanl volunleered to work with Ihe Committee, mainly in the area of publicity, including press releases. posler conienl and dislribution. We thank them for this and look fonvard lo working together. Brian Kay our President sen( his best wishes for our Golden Jubilee year. He also Mentioned that possibly the time had come for him to retire. After thanking him for his tenure as President the Trnstees were unanimous in the decision to approach Neil Ferris and ask him to consider becoming our President from September 2024. We were honoured that he enthusiastically agreed and look forward to a long and happy collaboration. Page 4
The Derbyshire Singers Trustees, Report (continued) Our thanks go to all members for their generosity in contributing to the gifts we gave to Lynne and Joe at our last rehearsal with Ljmne on the 2nd July. Wc also thankcd Amanda Kornas with a gift Ls she retircd from hcr rolc as our rcheargal accompanist, having kindly dcferred hcr dcparturc until the cnd of the 5(hh season. The cherry on the Golden Anniversary cake was Lynne's final concert with us in which we revisited the w¢ll_lov¢d music of Venice and ivel¢om¢d back His Majesiys Sagbutts and Cornetts togetheT with the superb Anna Dennis, Louise Colleii and Andre. Mackenzie-Wi¢ks al Derby Cathedral. A iyonderful final celebration of Joe and Lynn¢'s combined 90 y¢ars of glorious music making with Th¢ D¢rbyshir¢ Singers. An ¢v¢ning to remember. Financial revie The primary sources of revenue this year remained membership subscriptions and concert ticket sales. Despite an increase in Monthly membership fees from £12 to £16 in September 2023, 01'erall subscription reenue did not rise proportionalely due to a decrease of I I paying members. Primary expenses continue to be professional fees for soloists and orchestraslgroups, along with venue hire for rehearsals. The choir recorded a net loss of £19,417 for the year, after earning £1,697 IT] interest from savings accounts. While we had to cancel the October 2023 concert due to the weather conditions and rend ticket sales, a successful insurance claim provided £3,742 to offset Costs incurred. Income Breakd0Th (£32,513 total)- Subscriptions including gift aid.. £14.648 Ticket sales: £12,240 Interest.. £1,697 . Other income.. £3,928 Expenditure Breakdo (£51.930 total): Concert costs= £43.802 . Rehearsal costs: £4.214 Other expenses.. £3,914 Analysis reveals that all events this year operated at a loss. The March 2024 Elgar concert was particularly significant, showing a loss exceeding £18,000, primarily due to substantial orchestra and artist fees. Given current audience numbers and revenue streams, we recognize this level of deficit is unsustainable, and we are adjusting our approach accordingly. Year-end cash position stood at £33,639, doTr from £50,824 at the prel'ious year-end. While reduced, this still represents a relatiN'ely strong financial position. Policy on reserves Reserve funds are held to cover 12 monihs operational costs in the event of a loss of income and to meet the high cost of holding concerts. Thi5 has allowed the charity to remain in a strong financial position despite increasing costs and cancelled concerts. The main financial risks to th¢ charity is the costs of staging high quality concerts compared to revenue obtained through tickets sale5 and reduced membership fee5 as 8 result of reduced choir numbers. Page 5
The Derbyshire Singers Statement of Trustees, Responsibiifities The trustees are responsible for preparing the trustees, report and the financial %tstements in RccordAnce with the United Kingdom Accounting Standards (United Kingdom Gcncrnlly Acccptcd Accounting Practice) and applicable lam. and regulations. Thc law applicablc to charitics rcquircs thc tnjstces to prepare financial statcmcnts for each financial vear which gve a tn]e and fair view of the slote of 8ff2irs of the charity and of the incoming resources and application of resources of the cbarity for that period. In preparing these financial stat¢m¢nts, the trustees are required to: select suitablc a¢¢ounting poli¢i¢s and then apply them consi5t¢ntly" observe th¢ rn¢th(Kts and principles in the Charities SORP; makc judgcmcnts and ¢5timat¢s that a r¢asonabl¢ and ptudcnt" statc whcih¢r applicablc accounting stsndards have kcn follow¢d, subjcct to any Inatciial d¢paitur¢s disclosed and explained in thc financial slatcmcnts; and prepare the financial statements on the going concern b&sis unle&8 it is inappropriate to presume that the charity will continue Rn business. The trustees are responsible fnr keeping pmper accoiinting records that disc105e with reasonable accuracy at any timc th¢ fthancial posttion of the charity and enable thcm to ¢nsure that thc financial statcnients coinply with die Charities Act 2UII, the Lhanties (Accounts and Kepons) Regulaiions 2008, and the provisions of the consti110n. The trnstees are also r¢gponsible for safeguarding the &ssets of the charity and hence for taking rcasonablc st¢Ps for the pmcntion and d¢Ecciion of fraud and uthri i[gUlarItIcS. The truste¢5 are responsible for th¢ maintenance and inlegri(y of thc corporale and financial inforniaiion included on the chariiable company's w'ebsite. Legislation governing the preparation and dissemination of fmancial statements may differ from legislation in other jurisdi¢tions. Approved by the trnstees of the clwity on 0910412025 . and siLmed nn its hehAlf by: Puuline Holden Trus*e Page 6
The Derbyshire Singers Independent Examiner's Report to the trustees of The Derbyshire Singers Independent examiner's report to the trustees of The Derbv5hire Singers I report to the trustees on my examination of the accounts of The Derbyshire Singers (the Charity) for the year ended 31 Augllst 2024. 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 examinalion of the Charity's accounts carried out under section 145 of the 201 l Act and in carrving out my exainination I have followed all the applicable direction5 given by the Charity CoTMmission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to belieTr'e that in any material respect- accounting records were not kept in respect of tbe Charity as required by section 130 of the Act. or 2. the accounts do not aLcoTd with those records: OT 3. the accounts do not comply with the accounting requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulatiop.< 2008 other than any requirement that the accounts give a "true and fair, view which is not a matter consideied as part of an independent examination. I have no concerns and have come across no oiher matters in connection '1th the examination to which attention should be draThTh in this report in order to enable a proper understanding of the accounts to be reached. John O'Brien Msc, FAIA, FCIE, ¢mploy¢¢ of Community Accounting Plus F¢llow of th¢ Association of Charity Ind¢p¢nd¢ni Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Date-.. 0910412025 Page 7
The Derbyshire Singers Statement of Financial Activities for the Year Ended 31 August 2024 (As restated) Total 2023 Total 2024 Unrestricted Note Income and Endowments from: Donations and legacies Charitable acti.itieS Investment income 2.808 28,008 1,697 2,808 28,008 1.697 14.042 21,482 729 Total Income 32,513 32,513 36,253 Expenditure on: Charitable activities (51.930) (51,930) (42,116} Total Expcnditurc (51.930) (51,930) (42,116) Net movement in funds (19,417) (19,417) (5,863) Reconeiliation of funds Total ndS brought fonvard 55.547 55,547 61,410 Total funds carried forward 13 36,130 36,130 55,547 All of thc charity's activities derivc from continuing opcrations during the abovc two periods. The fibnds breakdow for the period is shown in note 13. The notes on pages I I to 17 fonn an integral part of these financial statements. Page 8
The Derbyshire Singers Statement of Financial Activities for the Year Ended 31 August 2024 (continued) These are the figures for the previous accounting period and are included for comparative purposes Total 2023 Unrestricted Restricted Note Income and Endojvments from: Donations and legacies Charitable activities Investment income 4,042 21.482 729 10,000 14,042 21.482 729 Total Income 26,253 10,000 36,253 Expenditure on: Charitable activities (32,116) ( i 0,000) (42.116) Total Expenditure (32.116) ( 10.000) (42,116) Net moveTnent in funds {5.863) (5,863) Reeoneiiiation of funds Total funds brought forward 61,410 61,410 Total ndS carried fonvard 13 55.547 55,547 The notes on pages I I to 17 fonn an integral part of these financial statements. Page 9
The Derbyshire Singers (Re2isiration number: 516921) Balance Sheet as at 31 August 2024 2024 2023 £ (As restated) Fixod sst& Tangible assets 2.385 2.901 Current gssety Debtors Cash at bank and ill hand io 1.900 5,321 50,824 35,539 56,145 Credltors: Amounts fallfing due wlthln one year 12 (1.794) (3.499) Nel current assets 33,745 52.646 et asset5 36,130 55,547 Funds of the eharity: Unrestricted income funds Unrestricred funds 36.130 55,547 Total fvnds 13 36.130 55.547 The financial slatcentS Ull Pil¥¢S 8 tv 17 w¥ appivvul by th¢ Itublwi. authvriwj fur uu 0910412025 and signed on their behalf by: Elizabeth Cramp Trustee The notes on pages I I to 17 form an integral part of these financial statements. Page 10
The Derbyshire Singers Notes to the Financial Statements for the Year Ended 31 August 2024 l Aecounting policies Statement of compliance Th¢ finaneial .%tatement% have been prepared in a¢LOTdanee with the geL'ond edition of the ChaTities Statement of Recommended PTactice issued in OLtobei 2019, the Financial Reporting stdard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation The Derbyshire Singcrs mccls the definition of a public bcncfit cntity under FRS 102. Assets and liabilitics arc initially recognised at historical cost or transaction value unless othenvise SL2ied in the relevant accounting policy notes. Exemption from preparing a cash flo)v statement Under the exemption aw'ailable lo smaller charities ihe Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements. Going Concen] The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees tnake this assessment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Voluntary income including donation5, gifts. legacie5 and grants that provide core ndIng or are of a general nature is recognised when the charity has entitlement to the income, it is probable thal the income will be received and the amount can be Tneasured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis ivhen receipt is probable and the amount can be reliably measured. Deferred income Deferred income represents amounts received for futu periods and is released to incomiT]g resources in the period foT which. it has been received. Such income is only defeed ,he.. The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions wkn"Lh must be met befote the charity has unconditional entitlement. Investment income Dividends are recognised once (he dividend has been declared and notification has been received of the dividend due. Pagell
The Derbyshire Singers Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Expenditure All expenditure is recognised once there is a legal or constructive obligation to that eXpendIre, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocaled on a basis consistent with the use of resources, with cenlral staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on ihe spread of staff costs. Charilable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and ihose costs of an indiTect nathre necessary to support them. Taxation The charity is considered to pass the lesls set out in Paragraph I Schedule 6 of the FinaT]ce Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from laxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains ALt 1992, to the cxtent that suLh incomc 01 gdins drc applicd cxclusivcly to charitable purposes. Tangible fixed assets Individual furniture and equipment costing £500 or moTe are initially recorded at cost, less any subsequent accumulated depreciation and 8ub8equent aceumulated impairnient losses. All musiL libTary purLh&8es are initially recoTded al cost, less any subsequent a¢cumulaled depreciation and subsequent accumulated impairnient losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected use1 economic life as follows: Asset class Furniture and equipment Music Library Depreciation method and rAte 20 % straight line 10 /0 siraigbi line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaclion price. They are subsequently measured at amortlsed cost Using the effective interest method, less provision for impairment. A proTri5ion for the impairnient of debtOTS 15 established ivhen there is objective ¢i'idence that the charity ivill not be able to collect all avnounts due according to the original teTtns of the receivables. Cash and cash equivalents Cash and ca.sh Cqllivalcnis ¢omprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to av] insignificant risk of change in value. Page 12
The Derbyshire Singers Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Trade ereditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least tWele months after the Teporting date, they are presented as non-current liabililies. Trade creditors are reCOlSed initially at the transaclion price and subsequently measured at amortised cost using the effective interest meihod. Fund structure Unrestricted incorne fund5 are general ndS that are available for use at the trustees, discretion in furthernnce of the objectives of the charity. 2 Income from donations and legacies Unrestrieted funds General Total 2024 Total 2023 Donations and legacies- Legacies Gift aid reclaimed 11,000 3,042 2,808 2,808 2.808 2.808 14,042 3 Income from charitable activities Unrestricted funds General Total 2024 Total 2023 Memberships Advertising and concert income Music sales Sundry income Insurance claim 11.840 12,380 11,840 12,380 10,769 9,863 740 110 46 3,742 46 3.742 28.008 28,008 21,482 4 Investment income Unrestricted funds General Total 2024 Total 202.1 Interest Teceivable and similar illCQTne- Interest receivable on bank deposits 1.697 1,697 729 Page 13
The Derbyshire Singers Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 5 Expenditure on charitable activities Unrestricted funds General Total 2024 Total 2023 £ (As restated) 28,851 287 1,038 888 Artists, fees Conlractors Depreciation Drinks & food Equipment - rcntcd and cxpcnscd Gifts Room hire Making Music fees incl insurances Lieenses Mis¢¢llan¢ous Music hir¢ Music purchases Postage Printing Refreslllnents Software Legal & professional fees 36.650 36.650 441 987 787 987 787 1.588 1.588 84 879 165 5.478 636 42 5.478 636 42 5,898 396 63 256 256 420 420 510 644 19 2.290 557 2,290 557 1,164 iio 528 1,186 528 1,186 565 624 51,930 51.930 42,116 6 Net ineomingloutgoing resources Net outgoing resources for the year include= 2024 2023 Depreciation of fixed assets 987 1,038 7 Independent examiner's fees During the period, the fees payable (excluding VAT) to the charity's independent eXniller Community Accounting Plus are analysed as follows.. 2024 2023 Indep¢nd¢nt ¢xaminalion Other financial services 580 520 280 860 520 Page 14
The Derbyshire Singers Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 8 Taxation The charity is a registered charity and is therefore exempt from taxation. 9 Tangible fixed assets Furniture and equipment Music Library Total Cost At I September 2023 Additions 2,334 5,708 471 8,042 471 At 31 August 2024 2.334 6,179 8,513 Depreciation At I September 2023 Charge for the year 934 467 4,207 520 5,141 987 At 31 August 2024 1.401 4,727 6,128 Net book value At 31 August 2024 933 1,452 2,385 At 31 August 2023 1.400 ,501 2,901 Page 15
The Derbyshire Singers Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) l O Debtors 2024 2023 Prepayments Other debtors 1.083 817 2,167 3,154 1.900 5,321 I I Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 39 33,600 39 50.785 33,639 50.824 12 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other creditors Accruals Deferred income 371 624 2,504 696 1,098 1,794 3,499 13 Funds Balance at I September 2023 Incoming resour¢es Resources expended Balance at 31 August 2024 Unrestricted funds General General fund 55,547 32,513 (51,930) 36,130 Page 16
The Derbyshire Singers Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Balance at I September 2022 Incoming resources Resources expended Balance at 31 August 2023 £ {As restated) Unrestricted funds General General fund 61.410 26,253 (32,116) 55,547 Restrieted Mozart concert bequest 10,000 ( i 0,000) Total funds 61,410 36,253 (42,116) 55,547 14 Analysis of Thet assets between funds Unrestricted 2024 Total funds General Tangible fixed assets Current assets Current liabilities 2,385 35.539 (1,794) 2,385 35,539 (1,794) Total net assets 36,130 36,130 Unrestricted 2023 Total funds General Tangible fixed assets Current assets Current liabilities 2.901 56.145 (3,499) 2,901 56,145 (3,499) Total net assets 55,547 55,547 15 Related party transactions There were no related party transactions in the year. 16 Trustees remuneration and expenses No truslees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during ihe year. Page 17
The Derbyshire Singers Financial Activities by Concert September 2023 - August 2024 ADMIN CANCELLED OCT 23 CHFIISTMAS 23 ELGAR MARCH 24 VENICE JULY 24 TOTAL Income Adverts in programmes Gift Aid Repayment Insurance claims Membership Dues Miscellaneous Income Ticket Sales Total Income 50 50 £140 £2.808 £3,742 £11.840 £46 £12.240 f80.816 £30.816 2.808 3.742 11.840 6.017 £6.057 £6.057 2,952 £3.002 £3.002 3,212 £3.262 £3.262 £14.694 £14.694 TOTAL Expenditures Artist Fees Concgrt Presentation Gifts Contract Labour D8pr8ciation Expens8 Drinks and food lor resale 2.045 4.250 2.471 18,967 8,917 30 £36.650 £84 £441 £987 £787 987 765 22 Equipment Rental Expensed Equipment Hire ol RoomlPremises 90 683 661 916 £773 £815 £5.478 £42 £636 £56 £420 £2.290 £1,186 £121 £557 £80 153 2,169 1,237 21 1,155 Licenses and Permits Making Music lee and Insurance Miscellaneous Music Hire Printing and Reproduction Professional Fees Raffle Prizes Refreshments Royally lees Software Expense Total Expenditures NET OPERATING INCOME 21 636 16 28 38 254 527 70 1,186 469 5&3 121 138 157 35 80 528 £528 £8.128 £4.896 £6.837 £21,151 £-18.148 £10,917 £51,929 £-7.655 £-21.114 £-1.097 Other Income Interest Income 1,697 £1.697 £1,697 £1.697 Total Other Income NET OTHER INCOME £1.697 £8.263 £0 £1.697 £-7,655 £-19,417 NET INCOMEIIEXPENDITUFtEI £-1.097 £-780 £-18,148 111