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2022-08-31-accounts

Fulham and Hammersmith Choral Society Registered Charity No. 801597

Trustees’ Annual Report for the period ending 31 August 2022

Trustees’ Annual Report

for the period from 1[st] September 2021 to 31[st] August 2022 Charity name: Fulham and Hammersmith Choral Society

Charity registration number: 801597

Objectives and Activities

The objects of Fulham and Hammersmith Choral Society (the choir) are the study and practice and the concert performance of choral works, and the furthering of interest in choral music generally, and in particular:

These objects are met by:

Achievements and Performance

The Autumn of 2021 saw the welcome relaxation of restrictions on participation in amateur performing arts resulting from the COVID-19 pandemic and the return to the normal cycle of inperson weekly rehearsals and concerts.

The choir performed its normal three public concerts during the year to 31 August 2022:

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Fulham and Hammersmith Choral Society Registered Charity No. 801597 Trustees’ Annual Report for the period ending 31 August 2022

Our Christmas carol singing at Trafalgar Square, raised £140 for Royal Trinity Hospice in addition to supporting the Friends of Fulham Palace for their popular annual carols in the Tudor courtyard.

In February, the choir was able to resume its extremely successful “Come & Sing” Days, open to all comers, singing Brahms Ein Deutsches Requiem, attended by over 120 singers of whom more than half were not choir members. This event raised £408 for Glass Door, a charity for the homeless. There was no ‘Away Day’ this year.

This year saw an average membership of 76, a rapid and slightly surprising return to pre-COVID levels - with Summer Term membership at 70, a record in recent years. Concert ticket sales were 35% lower than in normal previous years, attributable to COVID-19 infection rates, especially at the Spring concert, and not helped by a train strike on the day of the Summer concert.

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Fulham and Hammersmith Choral Society Registered Charity No. 801597 Trustees’ Annual Report for the period ending 31 August 2022

Financial Review

This year, with the resumption of normal operations, the trustees were able to resume the standard practice of setting budgets and reviewing the finances - spend against budget - to ensure that there is sufficient subscription income to cover both rehearsal costs and the shortfall of income against expenditure normally seen for concert performances – and considering the need to maintain reserves at the desired level.

Review of the charity’s financial position at the end of the period

The choir ended the period with total reserves of £15,565 (£12,485 in 2021) after showing a surplus of £3,080 (£2,281 deficit in 2021) on annual expenditure of £28,672. This contrasts with a budget forecast deficit of £213.

The principal cause of the surplus was that the budget had anticipated that COVID-19 concerns would depress membership and associated income whilst, in practice, numbers returned to prepandemic levels. This, combined with a £1,000 legacy, meant that there was a surplus of subscription, donation and rehearsal income, after rehearsal costs, of £4,775. Our community singing events generated a surplus of £1,576, reflecting the increasing popularity of our Spring Term ‘Come and Sing’ Day.

Poor ticket sales meant that the public concerts showed a higher than forecast deficit of £2,518. Other expenses amounted to £753.

Reserves policy

It is the policy of the trustees to maintain unrestricted reserves equivalent to the costs of a public concert with orchestral support. This amount, in 2022, is assessed as £9,500.

Amount of reserves held

The unrestricted reserves at the end of the period were £15,565 (£12,485 in 2021).

The trustees recognise that this reserves position is both in excess of the reserves policy target as well as more than 25% higher than was anticipated at the start of the period. The trustees expect to reduce this surplus by some £5,000 in 2022-23 and budget accordingly, including deferring membership fee increases.

Principal sources of income

The choir does not actively raise funds from external grants and continued to raise income through two primary sources which contributed this year as follows:

Structure, Governance and Management

The choir is an unincorporated association governed by its Constitution, dated 30[th] April 2007, which defines its objects, membership, administration and finance. This definition includes the arrangements for the election of its officers (Chairman, Vice Chairman and Treasurer) and other committee members, all of whom are trustees.

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Fulham and Hammersmith Choral Society Registered ChorltyNo. 801597 Trustees, Annual Report for the period ending 31 August 2022 Reference and Administrative details Charity name Fulham and Hammersmith Choral Society Other name the Charity uses Registered charity number 801597 Charity's principal address 64 Seymour Avenue Epstsm Surrey KT17 2RR Ivames of the eharity trustees uyho manage the charity Trustee name Office Ilf any) Dat¢$ a¢tsd If not for whole year Susan Hill Chairman Robert Quinn Treasurer Barbara Zanin Amblard Secretary Librarian Carol Quinn Charles Scott Paula Lambe Concert Manager Patrick Pierron Jane Cllffe Francesca Fennemore Until 23 March 2022 io Griselda Kellie-smith From 23, March 2022 There was no person lor body) entitled to appolnt trustees. Declarations The trustees declare that they have approved the trustees. report above. Signed on behalf of the charl￿5 trustees- Slgnature{sl Full Narnes Susan Hill Robert Quinn Posltlon Chairman Treasurer *e Page 4

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustee81 members of Fulham and Hammersmith Choral Society On accounts for the year ended 3181 August 2022 Charity no (If any) 801597 Set out on pages 6t011 I report to the trustees on my examination of the accounts of the above charity (Yhe Trust°} for the year ended 31 August 2022. Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance wilh the Charities Ad 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 all the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Act. Independent I have completed my examination. I confirm Ihat no material matters have examinerf8 Statement come to my attention in connection with the examination which gives me cause to beliéve that in, any malerial respect.. the accounting records were not kept in accordance with section 130 ofthe Act; or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming the fom and content of accounts set out in the Charities {Accounls 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 wncerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a prop8r understanding of the accounts to be reached. Signed: Date: Name: Helen Colyer Relevant professional qualificationls) or body (if any): Address: l.C.A.E.W. 5 Mill Hill Road Nojwich NR2 3DP IER Page 5 October 2018

Fulham and Hammersmith Choral Society Registered Charity No. 801597

Financial Statements for the period ending 31 August 2022

Statement of Financial Activities

for the year ended 31 August 2022

Notes £
31 Aug 2022
Total funds
£
31 Aug 2021
Total funds
Income and endowments from:
Donations and legacies
2
Charitable activities
Rehearsals
3
Concerts
4
Community engagement
5
Investments(deposit interest received)
Total
Expenditure on:
Charitable activities
Rehearsals
6
Concerts
7
Community engagement
8
Other
9
Total
Net income / (expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
20,300
1,931
6,893
2,627
1
31,752
17,457
9,411
1,051
753
28,672
3,080
3,080
12,485
15,565
1,079
-
-
-
1
1,080
2,930
-
-
431
3,361
(2,281)
(2,281)
14,766
12,485

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Fulham and Hammersmith Choral Society

Registered Charity No. 801597

Financial Statements for the period ending 31 August 2022

Balance Sheet

at 31 August 2022

Notes £
31 Aug 2022
Total funds
£
31 Aug 2021
Total funds
Fixed Assets
Tangible assets
10
Current Assets
Cash at bank
Prepayment of expenses
Stocks held
Total Current Assets
Liabilities
Amounts falling due within 1 year:
Accrued expenses payable
Total Liabilities
Total Net Assets
32
15,684
-
92
15,776
243
243
15,565
56
11,916
356
209
12,481
52
52
12,485

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Fulham and Hammersmith Choral Society

Registered Charity No. 801597

Financial Statements for the period ending 31 August 2022

Notes to the Financial Statements

for the year ended 31 August 2022

1. Accounting policies

Basis for preparing the financial statements

The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) - second edition: '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' and 'FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have been prepared, on an activity basis, under the historic cost convention.

Going concern

At the time of approving the accounts, the Trustees are of the view that there are no material uncertainties about the charity’s ability to continue as a going concern and the accounts continue to be prepared on that basis.

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 expressed 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 can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relating to that category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the annual rate shown below in order to write off the asset over its estimated useful life.

Kitchen equipment - 20% on cost

Taxation

The charity is exempt from Corporation 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 in accordance within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

There were no restricted funds held by the charity during the year ending 31st August 2022, nor for the year ending 31st August 2021.

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Fulham and Hammersmith Choral Society

Registered Charity No. 801597

Financial Statements for the period ending 31 August 2022

2.
Donations and legacies
Membership subscriptions
Donations and legacies
Gift aid tax rebate
3.
Rehearsals income
Sales and hire out of music scores
Rehearsal tea income
Social evening income
4.
Concerts income
Concert ticket sales
Concert refreshment income
Other Concert income
5.
Community engagement income
(Come and sing days, scratch concerts and other public events)
Community engagement ticket sales
6.
Rehearsals expenditure
Rehearsal venue hire
Music Director's and Accompanist's fees
Music scores purchased and hired in
Social evening costs and other rehearsal expenses
7.
Concerts expenditure
Concert venue hire
Concert equipment hire
Concert conductor and accompanist
Concert soloists and choral scholars
Concert musicians
Concert programme & ticket production
Concert refreshment expenditure
Other concert expenses
31 Aug 2022
£
15,950
1,150
3,200
20,300
31 Aug 2022
£
1,013
829
89
1,931
31 Aug 2022
£
5,314
1,495
84
6,893
31 Aug 2022
£
2,627
2,627
31 Aug 2022
£
5,873
10,120
1,035
429
17,457
31 Aug 2022
£
1,905
1,415
1,935
875
1,225
1,003
413
640
9,411
31 Aug 2021
£
810
66
203
1,079
31 Aug 2021
£
-
-
-
-
31 Aug 2021
£
-
-
-
-
31 Aug 2021
£
-
-
31 Aug 2021
£
-
2,930
-
-
2,930
31 Aug 2021
£
-
-
-
-
-
-
-
-
-

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Fulham and Hammersmith Choral Society

Registered Charity No. 801597

Financial Statements for the period ending 31 August 2022

8.
Community engagement expenditure
(Come and sing days, scratch concerts and other public events)
Other singing, venue hire
Other singing, conductor
Other singing, accompanist
Other singing, soloists
Other singing, other expenses
9.
Other expenditure
Insurance
Making Music membership
Bank / Card Processing fees
Depreciation
Other expenditure
10.
Tangible fixed assets
Cost
At 1 September 2021
Additions
At 31 August 2022
Depreciation
At 1 September 2021
Charge for the year
At 31 August 2022
Net Book Value
At 31 August 2022
31 Aug 2022
31 Aug 2021
£
£
200
-
440
-
200
-
160
-
51
-
1,051
-
31 Aug 2022
31 Aug 2021
£
£
95
132
98
275
288
-
24
24
248
-
753
431
Kitchen Equipment
£
120
-
120
64
24
88
32

11. Trustees and related parties

None of trustees or any persons connected with them received any remuneration, expenses or other benefits from the charity during the year ending 31 August 2022, nor for the year ending 31 August 2021.

12. Employees

The charity has no employees.

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