ENGLISH BAROQUE CHOIR English Baroque Choir Limited Annual Report And Financial Statements Year Ended 31st July 2022 Company Number: 02000984 Registered Charity: 800398 *A8HE04WJ' 2311112022 COMPANIES HOUSE A13
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English Baroque Choir Limited Financial Statements for tbe Year Ended 31st July 2022 Contents Page Contents Lega] and Administrative Details Directors Report Review of Activities Statement of Directors. Responsibilities Independent Examiner's Report Statement of Financial Activities for the Year Ended 31" July 2022 10 Balance Sheet as at 31" July 2022 11 Notes to the Accounts 12 Five Year Summary of Resulis 21
English Baroque Choir Limited Financial Statements for the Year EDded 31 July 2022 LEGAL AND ADMINISTRATIVE DETAILS l. Registered Address 6th Floor. Capi¢al Tower. 91 Waterloo Roa London. SEI 8RT Webslie: www.elx.o E-mail: info ebc.or .uk 2. Key personnel and advisers Chairma Concert Planner Treasurer CompaDy Secretiry Publicity Co-ordinaior Membership Setrrf*ry Concert Man8ger Muslca] Direcior Commlttee Member Ben Karp. Kate Bone. Ray Carlson. Chn"s Hawkn"ns' Kry5tyna Kujawinska L¢y Spicer Daniela MdAyesha Labrom Jeremy Ja¢kn]awHary Bradford Sarah ScarbrougWChn"$ Siva.Prakasam Director under Company law B•ukers TSB Bank plc 7 Highlat)d Parade CIKkfoster5 Barn¢1 HCrtfoSh]rt EN4 ODA ArId Hill & Co LLP 6th F]wr, Capitsl Tower, 91 Watcrlw Road, LDndot4 SEI 8RT Investment Managers M&G GIDUP M&G House Victoria Road Cklmsford CMI IBF
English Baroqut Choir Limited Financial Statements for the Year Ended 3151 Jul 2022 THE DIRECTORS, REPORT The Directors pleased ¢0 present their Rert together with th¢ financial ststements for th¢ year ended 31" July 2022. Trustees and Directors Details of the Directors and other officers of the Clwity are as sbown on page 3. The Trustees, who are also the Directors of the clwitsble company* are selected from those memb¢rs of the Choir that pui themselv¢s forward as having the time. dedi¢atlOD. ability aod enthusiasm to become involved in the edminislrdtion of the Cl]aTity. Appointment5 are conf¢rred by the voting membership at th¢ AJ)nual General Me¢tin& Before appointrneni as a Tn, the Board of Trustees provides a full explanation of the Dature of th¢ positio its responsibilities and requirements and provides an induction pack. Rdiri08 by rotation is Mr Katp who. Ing eligible. blts bimself for reapp)inttD¢QI. Prlnclpal aedvlty The principal activity of the Charity is the perfOrnwc of dassical choral music. Object5 The Objects of the Clwity are for the public benefit and as set out ID its Tn1 Deed are to promote. maintain. improv¢ and advance education of the public in the fields of chorJl music, ¢hur¢h music, opera and othtr classical works and rnusical and vocal comp)5ilions of all kind&. OrgaD15ation (l) Membership The Clwity AS orgauised as an amateur ¢boir with up to ¢i8bty auditlODed members. Regular Tebearsals are beld to enable the perfontwice of approximately six concerts per year. {ii) Board olDire¢tor$ 3Dd Conuniltee A Board of Directors ¥nd a Cornrnittee administer the Charity. The number of Direciors is subject to a minimum of three and a maximurn of nine. One-third of theDireciors retire annually by rotation at th¢ Annual General Meeting. The D]'re¢tors and Committee are elect from the m¢mbersbip by the membership at the Annual G¢nw71 Meeting The Board of Directors and Committe¢ consist of unpaid volwite¢rs UPOD wbom the Charity is dep¢ndeni for its continued exisleDC¢. Meetings are held at regular iniemls (o consider financial resulis and plan for fvbjre perforn)Ce5. The Treasurer issu&$ regular report5 at these meetings to explain th¢ financial positioD of the Cbarity and the implications of results io date on the plaDn¢d
English Baroque Choir Limited Financial Statements for the Year EDded 3151 July 2022 THE DIRECTORS. REPORT (Continued) (ui) Patrons *Dd Sponsors The Chariiy. like most choirs. t¢rforn a repertoire of music that 15 necessarily deF¢ndent on the generosity and support of its Patrons and Sponsors. This is an imwrtani source of financial support for the Choir, particularly from sponsorship of specific concetts. Sponsorship income is also sought from 8rani making EKKlies ar busin¢ss¢s to contribute toward5 Ihe ¢osls of major ¢onc¢ns or cornmissions of llew music. Reserves Policy There is a need for ihe Choir to pr¢fiJnd conc¢rt4 so the Charity requires reserves in order operate. The res¢rYes policy of the Charity is io r¢taitt suffi¢i¢nt resources io provide adequate risk control and workn'ng Capital for its programme of orchestral concerts and musical event5. The Comtnittee reviews the Three y Collcert Plan and considers aliemativ¢s to employ the suq)lus available. Concer¢ ContingeD¢y Fund The Choir faces a small. but si1ficant risk of a major shonfall of income on exb concert it promote4 particularly from its morc expcnsive orchestral concerts. For instance. from the effects of a train strik¢. major swrtmg event or adverse weatber conditions. The Charity ther¢fore desip)ated this fund in 2000 10 earmark sufficieoi resources to meet the major costs of an orchestral concert. This fund is updated each year to reflect chang¢s in costs, and is finan1 by inv¢stment$ in Charifynd income utiits and deposits at TSB Bank plc. General Fund The General Fund provides for all the working capital needs of the Charity. including deposits for fijture bire of concert venues. The size of this nd will Decessarily fluCat¢ ¢a¢h year as ¢on¢¢rt results and fundraising a¢tiviti¢s ar¢ often unpredictable. The trLain financial objective 15 to ensur¢ that sufficient resources are alwa maintained to meet the bUdted cosrs of fuwre ¢on¢¢rts. and keep the Concert Contingency Fund fully funded. Covid During covid cooditions affecting the last finaDcialyear. the choir had taken steps to cope with the effects on and limitation of our activities. For iDStance, we had su¢c¢ssfully transferred prepaid ¢on¢¢rt ¢har8es io futur¢ ¢on¢¢rt da without lo of value. In the current financial year activity begins to return to nornial with their Ixing five concerts performed iu the year. Income and donations bave begun to IncTease and expenditur¢ in-rurn has be&un to Ir[eaSe. FinaD¢ial results The net result for the year was a deficit of £2.617 {2021: sluS of £2,6(KJ). The Charity had net assets of £34,l95 at the year<nd (2021.. £36,812). The Directors are saiisfied with the results for the year and are confident that adequate rOurceS exist for tb¢ Charity to continue as a going concern.
English Baroque Choir Limited Financial Statements for the Year Ended 315¢ July 2022 CHAIRMAN'S REVIEW OF ACTIVITIES We had a swi for our44 season. The WO of Covid was over alld we clwiged our rehearsal venue lo St Cyprian's Church NWI. Having in the previous yw selted a short-lisi of thr¢¢ coniendus to be our n¢w N(D, we finally hdd auditions in front of member5 of the choir in September. The ovm¥helming choi¢¢ was for Harry Bradford. who look up the rol¢ from January 2021 For th¢ r¢5t of 2021, Jeremy Jackman was still our MD. W¢ perform¢d a¢ a paid ¢ngag¢m¢nt at t£snes Abbey in Abbey Wood. He then led us for a very successful Cbtistmas concert itL early December. This was closely followed by Ihe MENCAP Yarols by Candl¢lighE-. Finally. we bid a fond farewell to Jeremy at a party we held in his honouT and presented him witb a special g]ft paid for by geneTOUS donations from the ¢hoir. We illvited Harry to a meeting in 2021. $0 that w¢ ¢ould plan for the y¢ar ahead. R¢h¢arsals then begati in eatt) iTTr Sanuary 2022, when we launched into Bach's StJohn Passion in Gennan. Harry has proved to be an experienced. charismatic, and knowl¢dg¢abl¢ wndu¢ior. and has cenainly moiivai¢d the Choir after the Ullavoidable pandemic. The Passion was also the focus of our Singing Day in February, p)stPODed from last year. at which we had a surprisingly good attendance and as a result recruited six new singers. ]n Aptil. w¢ sang it to a fi1 bouse, the firsi concert with an or¢h¢stra for thr¢¢ Yr& The feedback was surKrlative. The choir. orchestra and soloisls all perfoTmed exceptionally. For the summer concert, Hary selected music under the banner ByRo}lAppoinIMertt to ¢¢l¢brat¢ the 70. anniveTsary of the Queen's reign. This ¢hall¢nging prOll¢ was Joyed by a smaller. but disc¢rning audien¢e wbo enjoyed it wady. Our progrdttune for the next season includes: November 2022-A vision ofHeaven ai Si CypriaD'S Churcb NWI De¢emb¢r 2022- Cbn"stmas concert at St Mary-at-Hill EC3 February 2023- Sinng Day at St Mary-ai-Hill EC3 March 2023- HaDdel's Israel in Egypt at St John's Smith Square SWI July 2023 - Sumtller concert at St Mary-at-Hill EC3 Chris Hawkins our Company Secretary for manyyears is leaving at the next AGM. His r¢pla¢em¢ni has already been working with him ready io thke over. Our sinccre tlwiks go to Chris for the work and dedicaiion hc ha5 Put Into that role. W¢ enter our 45 season with increased confidence. We are also continuing our r¢cn]itm¢nt driv¢ to attract new members-. as we siill have the challeng¢ of rtbuilding OUT membership back io normal le1$. However, l am optimistic aiK)ut the choir's futur Fundraising In total £40 {2021: £nil) was raised. Levels bav¢ b¢¢n affe¢t¢d by the pand¢mic in rent years. DoDations Th¢ Choir received a total of £3,941 (2021: £1.471). This includes ¢oncert-specific donations. All donations are w¢lcom¢d Is a significani source of assistance towards the njnning of the Choir.
English Baroque Choir Limited Finanelal Statements for the Year Ended 31st July 2022 REVIEW OF AcfIvITIES (Continued) Members Number Membepship I"Augu 2021 ' Ne)v members , Leave 47 03 (17) , Membership at 31"July 2022 45 47 Musical Director J¢r¢my Ja¢kman was the Choir's Musical Dire£tor from Sq)ianber 2(K)Q until January 2022. Jeremy stepped down and was succeeded by Hary Bradfrf a PTize-winning conductor. who is also the Co-Founder and Conductor of Recordar Accountant A resolution to re-appoini Arnold Hill & Co iLP as the Con)pany'$ Accounthnts will proposed at the Annual General Meeting on 31" October 2022. Ray Car son Direeior and Treasurer Date.. 3 1 Dcr
English Baroque Choir Limited FiDVdDcial Statements for the Year Ended 3151 July 2022 STATEMENT OF DIRECTORS. RESPONSIBILITIES The Directors are responsible for Preparing thc financial 5tatement5 in accordance with applicable law and Th¢ Financial Reporting Standards applicable in the UK and R¢publi¢ of Lr¢land (FRS102) and in accordanc¢ with the StatemeDt of RexoTJunended Practice (SORP) 'AccouDting by Charities.. Company law requires the Direciors io prepare financial statements for each financial year which g2ve a true and fair view of the State of affairs of the Company and of the profit or lo of the Company for that year. In preparing those financial statements, the Directors are required to seleci suitsble ac¢ounting policies. &s described on pages 12. 13 and 14. and then apply them on a consistent basis. making judg¢m¢nts and ¢5timates that are prudent and re&8onabl¢. Th¢ DirtorS must also prepare the financial statements on the going nCern basis utdess it is inappropriale to presume that the Company will continue in business. The Dir¢ctOTS have complied with these.r¢quirem¢nL* TheD1r1Orsar¢ resp)nsible for keeping proper accountin8 recordswbich disclose with reasonable accuracy at any time the financial p)sition of thc Company and to enable them to ensure that the financial stat¢m¢ttts Comply wilh the Companies Act 2006. The Directors are also responsible for safeguarding tbe assets of the Company and hence for takin8 Teasonable sws for the prevention und detection of fraud and other irgUIarities.
English Baroque Choir Limited in8ncAal Ststements for the Year Ended 31 July 2022 INDEPE1ENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ENGLISH BAROQUE CHOIR LIMITED I report on the fEnancial ststemcnts of Et)glish Baroque Choir Limitcd (thc rha11t for the year eThled 31 July 2022 which are sei out on pages 10 to 21. Re9Ctive r¢spoD5ibitities of trn$ttts alld tMIller A5 the Charit5 truslees. you are sponsIble for the preparation of the financial statements. you consider that th¢ audit requirement of $144 (2) of th¢ Chan'ties Act 2011 (the Act) doc5 fKlt apply. llis my re5ponsibiliiy to examine the financial Sements UNJerlon 145 of the 2011 A¢1 and to state. on the basis of pedureS specified in the Gerternl Th"reciions given by th¢ Clwiry ConunissiortTS UTyJers145(5)(b) of the Ac4 whether par¢i¢ular matLer5 have come to my attention. Basi$ of independ¢Dt ¢X8Jnin¢r's report My examination wa5 carried out in accordancc with the GeneTal l)ire¢tions given by the Charity CommissionerJ. An examination Jncludes a review of tht accounting rccor&% kept by the Charity and a comparison of th¢ financial statements presented with those records. It a]so includes consideration of any unusual items or disclosures in the fina]Kial sia¢ements, and the seeking of explanations from you as tDJstees concerning any such rnatter5. The procedures undertaken do not pmvide all the evid¢n¢e that would be required in an audit an4 consequently. no opinion is wven as 10 wh¢th¢r the financial Statements present a'true fair view. and the r¢tM)rt is limited to tIK)SC matters 5Ct ¢)ut in the 5tstement below. IDdep¢nd¢nt ex8Jnin¢rs' StateJn¢nt In conncction with my cxaminatiory no matter h&s Come my attention: (l) which gives me reasonthle Cause believ¢ thaL in any rnaterial ryL the accounting rt¢OTds were not kept in accordance with seuion 130 of the Charities ACL or thc accounts did not accord with the aecounting wecords" or the a¢¢ounts did not comply with the applicable requircments £0Cm1g the fom) and content of accounts set out in the Charitie5 Regulatiors 2008 other than any requiffment that Lhe accounts 8iYe a 'lrue and fair. ew which is not a matter COTLsidertd &s part of an IndeFnt examinatiort. 12) to which, in my opinion. attention should be dnwn in Otr to enable a proper understanding of the flnancial *atements to be Teaehed. The rapid and fluid dev¢lopm¢nt of th¢ COV19 virus aThJ its impaci onthe global economy and busin¢sse5 around the wor]d (&4 explained in the th"re¢iors' Report). indi¢at¢ tw¢ extsienct of uncertainty which Tnay cast doubt about the ¢hariiy's abilLLy to continue as a going concern. The finarKial statements do not Include the adjustments that would result if the charity was unable to ¢orttsrtue as agoing concern. Dipesh Girl BSC(Hons) BFP ACA Chartered Accountants and Restered Auditors Arnold Hill & Co LLP 6 Floor, 91 Waterloo Road. London. SEI 8RT Date: i?
English Baroque Choir Lfftmlted Financial Statements for the Year Ended 31$1 July 2022 Statement of Financial Activities for the Year EDded 31" July 2022 General Designated Fund$ Funds Notes 2022 2021 Incoming Resollrees Subscriptions Concert Receipts Income Tax Recoverable Donations and Fuodraising IDtere5t Receivabl¢ and IDv¢sttn¢ut Income Singing Day Other Incotne Total Sncoming Reyources 9.971 8.074 2.357 3.981 538 1,921 569 27.411 9,971 8.074 2,357 3,981 538 1,921 569 27.411 3,363 580 I,(K)7 1.471 30 6.919 Direct Charitsble Expenditsre Rehearsals Concert Expenses Marketing and RecruitmeDI 13.190 11.727 1.361 26278 13.19) 11,727 1.361 26,278 2,985 1.425 4,410 Managemenl Administration and Other 3.556 3.556 ,970 Totsl Expenditure 29.834 29.834 6.380 Net Intoming Resourees Before Investment Gains and Transfers {2.423) (2.423) 539 Unrealised Investment GaiDIILos5) 13 (194) (194) 2,061 Net In¢omin£ Resour¢es Before Transfers <2.617) (2,617) 2,600 Transfers Between Funds io Net Movemetti In Funds (2.617) (1617) Net Funds at 31st July 2021 23.912 12,900 36.812 34,212 Net Funds at 31st July 2022 5 £36812 There was no movement in the designated funds in the year ended 31 July 2021 or 31 July 2022. The Statemet of Attivitie5 iTrcludts all gains #Dd losses rewgni5ed im the year. AJI i4¢ome *ttd expenditure derive Irom eontinuithg attIvi¢S io
English Baroque Choir Limited Financial Statements for the Year Ended 31 Jul 2022 Balance Sheet as at 31" July 2022 2022 2021 Current As%e¢s Investments- Charifimd Units Debtors and Prepayments Cash ai Bank 13 10.588 5.719 19,168 35,475 10,782 4.107 22.733 37,622 12 Current Liabilities Creditors 14 (1,280) (810) Net Assets 34.195 £ 36,812 Unrestrlcted Funds General Fuad D¢si8naiol Funds 21.295 12.900 23.912 12.9 Total Fund5 £ 34.195 £ 36012 The directQTS ale satisfied ihat thc COTnpany is enlÉtlcd to cxemption from the provisio of the Companics Aci 2¢X16 (the Act) relating to the audit of the financial ststements f¢x the year by virtue of seciion 477, and that no member or Members have requestrd an 8j7¢ wrsuamt to section 476 of the A¢t. The directors acknowledge ttr r¢SnSI111ty for. (i) ensuring that the company keeps properaccouniing reco$ which comply with section 386 of th¢ A¢L (li) preparing firtatrKial #atrments which g]vc a twc aTKI fair view of the of affairs of the company as at the end of the financial year and of its profit or loss for the fi111 year in accordanct with the requirements of 5ecuons 394 and 395. and which otherwise comply with tht requirements of the A¢1 ye11ng to financial statements, so for as applicable io tl* cijrnpany. These financial statements have been prepared inaccothe withthe special provisions forsmall ¢ompanie5 under Part 15 of the Companie5 Act 2(X)6 and wer¢ approved by th¢ Board of on 31 October 2022. Carlson Dire¢ior and Treasurer The attached Mtes form an integral part of this Balancc SIKct al sknuld be read in conjunction therewilh.
English Baroque Choir Limited Financial Statements for the Year Ended 31 Jul 2022 NOTES TO THE ACCOUNTS Basis of Preparation The financial statements have been pryared under the hisroric cost ContiOn. with the exception of listed investsnents which are included at their market value. The finala] sthtements have been preparEd in accordance with Accounting Reponing by Chariii¢s: Statement of R¢comrn¢nded Pra¢ii¢e applicable ¢hariues preparing their accounts in accordance with the Financial Reporting Standard5 applicable in the UK and iiepublic of Ireland (FRS 102) (cfftttive l January 2019) - Charities SORP (FRS102)). the FinatKial Reporting Stsndards appIlb]e in th¢ Unit¢d Kingdom and R¢pubJi¢ of Ir¢land (FRS 102) and the Companies Act 2006. The accounts are prepared in strrlin& which is ihe functional currEncy of the company. Monetary aK)unts in tIKse financial statcments are fDunded to the nearest £. JudgeJneDts aDd Key Sour¢es of Estimation Uncertaiuty In the opinTOrt of the DiTtttots Ire are M SIlfiCant clmateS or judgements included within the finan¢i41 slaremenis. Accounting Policies (a) Income (i) Subscrlptlon% ¢on¢trt rttelpl4 sponsorshlp and donailons All itwm¢ is r¢port¢d grc6s on an accruals basi5 except WIre conditiotL4 foT rtceipt have not been met or rtteipi is N)t reasonably Certain. Subscriptions are stsioj net of remissions and provisiorts for doubtfid &Ixs. Sponsorship in¢om¢ Tec¢ived in advance for a ¢orK¢n is deferred to the period in which the cvenl tskes place. Services donated frcc of charge arc grD55cd-up within donations and a corresponding exptns¢ reported in the appropriatt cosi catrgory. with the exception of provided by the members. Fundriising Fundr3i5in8 is Lied n¢t of asw¢iar¢d expenses. (b) Colng Concern The Dustees have a reasonable expecthiicpn ihat ihe chariiy has adequate re50urce5 to Continue in operational exL5tence for the foreseeable futu. Thus it h&5 adopted the going concern basis in preparing the annual financid stttements. 12
English B#roque Choir Limited Financial Ststements for the Year Ended 3151 Jul 2022 NOTES TO THE ACCOUNTS (CoDtiDued) (c) Expenditure Expendiwre is [clled gr05s on an accruals I1$. AdVat expendiwre for concens (5u¢h as dewjsits) is defeThtd to the perify4 in which activity tskes place. (d) Cash Flow Statement The charitable company 1$ a srnall eOrnTAlly as defined under Part 15 of the Cornpani Act 2006. and has thereforc taken advantage of the CAemptions conf•Ted urnler Financkal Reporting Standard 102 Se¢rion IA (para IA.n not to prepart a C&%hflow StsterncnL (e) Stocks and Equipment Stocks of sheei music and CDS are writwi off on purch. Equiprnent purchases uTMkr£l.0 are also written off on purch. {Q Investmenls tnvesttnents are slk)wn at maket value ai the peri end in a¢cordance with FRS 102. (g) Flnandal Instruments As per FRS 102 Section I l. the charity make5 use of on]y basic financial instruments which are Lnitially recognised at traTlSttCtitsn value and subsequendy measured at settlern¢nt value. Financial instruments held by the entity comprise debtors. creditors and cash. (h) Taxation No provigion has been made for tsKation as English Baroque Choir is a public bcncfit cntity which is ¢xernpt from UK direct taxation on its charitable activities. (i) Designated Funds Designated Funds forni part of the GeTml FuThJs of the Chriiy. The Chariiy de5ignat¢s a Fund to account for tratLSactiorLS and re50urccs that have bcen carrna for a spxific puw: (J) Con¢ert Contingency Fuod This is a designated fuThJ which cam)a resou to med the tnajorcosts of an orche5trdl conccr4 and is updatcd cach year to rcflect changes in costs. (k) Restricted Funds Resthcted Funds repertI iOrne received by th¢ Choir for restricted PurSe5 spccified by the donor. Th¢5e ]lUde con¢¢rt grdnts payabl¢ towanls specifTrc Concert expenses in accordance with ternLS of the grdnt. 13
English Baroque Choir Limited FiTraneial Statements for the Year Ended 310 Jul 2022 (l) Employees The averdge monthly Dumber of persons (including dirwtOTS) employ by tbe company during the year was 0 {2021-0). Notes to the Aceounts l. SubsLYiptions 2022 2021 Gross subscriptions fTom 60 membeES (2021.. 47 member5): Full Fee Seniorcitizens stUdenUnCmp1OYAI 13.068 968 3.385 1.274 294 14.036 (4.065) 4.953 (1.590) Remissions £ 9.971 £ 3,363 Standard $ub5CriPtj('. 2022 2021 Full Fec 242 98 65 49 Seniorcitizens Stud¢ntyUn¢mploy 121 14
English Baroque Choir Limited FiDaDcial Statements for the Year Ended 315¢ July 2022 NOTES TO THE ACCOUNTS (Continued) 2022 2021 Intome Tax Re¢over&ble On Subscriptions On Donations und¢r Aid 1,460 897 665 342 £ 2,357 £ 1.007 Donatlons and Fundralslthg Donations Fundraising 3.941 1.471 £3.981 £ 1.471 Interest Re¢eivable And Investmeni Jn¢ome Jnvestment Jncoll 538 468 £538 £468 16
English Baroque Choir Limited Finaneial Statements for the Year Ended 31" July 2022 NOTES TO THE ACCOUNTS (Continued) 2022 2021 Other Income Refreshments Sundry In¢om¢ 51 513 £569 £30 Rehearsals On 33 rehearsals (2021.. 13) ProfcssioDal Fees Venue Hire 8.415 4,775 2.295 690 £ 13.190 £ 2.985 M2rketing •nd Re¢rnitmeDt Singing Day 1.361 £ lJ61 Managemen( Admlnlstration aDd Other Affiliation Fees and Insurance Accountancy Fees Sundry Expenses 532 720 2.304 407 720 843 £ 3.556 £ 1,970 17
English Baroque Cboir Limited Financial Statements for the Year Ended 31" July 2022 NOTES TO THE ACCOUNTS (Continued) 10. Net Funds- Unres¢ri¢led Carried Forward at Incomlng Outgoing 1.8.2021 Resources Resources Carried Forward At 31.7.2022 Transfers General Fund 23.912 2.617 21295 Concert ContIng¢Y FuDd 12.9(K) £ 36,812 £2.617 £34.195 Carried Forwgrd at Ineomlng OutgoSng IJ2020 Resources Resourtts Carrled Forward at 31.7.2021 Transfers General Fund 21312 2.0 23,912 Concert CoDtingency Fund 12.gxl 12.900 £34,212 £ 2.600 £36,812 Analysls ofmovement on Concert Contillgen¢y Fynd Accornpanisl Soloists aThJ Other Costs Venue hire Conductor Orchestra Total Brought Forward at 1.8.2021 Trdnsfer from Generdl Fund 2.5 4.700 4.300 12.9 carri Forward al 31.7.2022 £ 2.5(Kl £ 1.41x1 £ 4,700 £ 4,300 £ 12,900 No movement in the year ¢nded 31 July 2022. 18
English Baroque Cholr Limited Financial Statements for Ihe Year Ended 315t July 2022 NOTES TO THE ACCOUNTS (Continued) 11. Analysis of Reseryes Total 2022 tkbtors Jnv¢stm¢nts Creditor G¢neral Fund Iksigllat¢d Fund 16,856 2.312 5.719 (1.280) 21,295 12.900 10.588 £ 19,168 £5.719 £ 10.588 £(1.280) £ 34.195 Tothl 2021 Debtors lttvestmeuts Creditors GeDeral Fund Desiated Fund 20.615 1118 4.107 (810) 23.912 I2,0 10.782 £ 21733 £4,107 £ 10.782 £(810) £ 36.812 19
English Baroque Choir Limited Finan(?al Statements for the Year Ended 314 July 2022 NOTES TO THE ACCOUNTS (Continued) 2022 2021 12. Debtor5 and Prepayments In¢om¢ Tax R¢¢ov¢rabl¢ Prepayments and AccNed ]ncome 3.195 2.524 838 3.269 £ 5.719 £4.107 13. InYe$tments 699 Charifimd Units (c05L £8.(KM)) Balance Brought Forward at 1.8.2021 UDrea11 GaiJV(kns) 10.782 (194) 8.721 2.061 Balance caled Forward & 31.7.2022 £ 10.588 £ 10.782 14. Creditors Accrnals atMI Defetred Income 1.280 810 £ 1,280 £810 15. Directors. Remuneration As requir under the Choir's Co$t]tIO no Director received remuneratioD itt either ar. Expenses relbUrsed to Directors amounted to £112 (2021: £225). Th¢K represented charitsble eX[nSeS for administrdtion and equipmeDL 16. Annual General Mee¢lng The Annual Generdl Meeting will be held on 31" Ociober 2022. 20
Englisb Baroque Choir Limited Financial Statements for the Year Ended 31# July 2022 Five Year Summary of Results Year Ended 31st July 2018 2019 2020 2021 2022 Income Excluding Con¢erts Subscriptions tncome Recoverable Donatiolls and Fundraising Interest Re1Vable and Jnvestment ]ncome Investment Gain I (Loss) Other Income 10,055 1.843 1.085 530 126 5295 9.154 1.942 1.983 564 260 5.829 9.IK15 .812 2.077 580 2.436 3.363 l.(K)7 1,471 9.971 2,357 3,981 538 (194) 2.490 2.061 30 Total Income (ex-concerts) 18.934 19.212 14.378 19,143 Expenditure Excluding Concerts R¢h¢arsals (9.935) (9226) (7.234) (2.985) (13,1) Other Expenses (2.354) {5.470 4.180 1.970 (4.917) Surplu5 before Concerts 6.645 4.516 3.445 1.036 Concerts Deficit(i) 3,419 7.687 93 845 {3.653) Net Surplus £3 26 £ £2871 £2600 £ 61 Net Assets Members (2) £34 71 12 £31 1 £34 63 12 £36812 £34195 47 45 J) StatedofierspoLforship algrI7ntsfOT Slfie eoA¢erLf. Includes recordtngfees reVeI. 2) membersh1pnbtts ore odi4ftedfor mthioirting orleavingduring rhe)Yor. 21