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2023-08-31-accounts

ELY CHORAL SOCIETY

TRUSTEES’ ANNUAL REPORT for the year ended 31 August 2023

Purpose and Trustees

Ely Choral Society is a charity registered with the Charity Commission, registration number 802308.

Its charitable purpose is to advance, improve, develop and maintain public education in, and appreciation of, the art and science of music in all its aspects by any means the trustees see fit, including through the presentation of public concerts and recitals. Also to further such charitable purpose or purposes as the trustees in their absolute discretion shall think fit but in particular through the making of grants and donations.

The Society is managed by a committee of Trustees elected from the Society’s membership.

The Trustees who served during the year were:

Jeremy James (chairman) Ruth Ogden Angela Major Elizabeth Burton Linda Rogers Colin Batchelor Clarke Brunt Elisabeth Every Roger Young Ruth James

Chair’s report

The chair's report is, above all, an opportunity to look back at the year - celebrating everything that was good - and to thank those who contribute to making it so good.

Musically, our 2022/23 season, as Andrew has reminded us, was a good and varied one.

Not only do we get to enjoy singing but we get to enjoy what our fellow-performers do – including, of course, the vocal soloists whom Andrew engages for us and, perhaps especially, the amazing

musicianship of Glen Dempsey whether he is playing the piano as he did for the Rossini, the organ as he did at Christmas, or the chamber organ as he did in the spring concert. So we have had a great year of music-making.

It has been good to see our numbers grow steadily over the course of the year. And, as always, there has been a spirit of cooperation within the choir. Very recently, for example, when there has been a request for help with chairs, or the need of a new treasurer or someone to assist with organising concerts, people have stepped forwards.

There are lots of people to thank for their particular contributions over the past year: Our committee must be thanked for their work which includes:

Some particular thank yous:

A couple of weeks ago, I was contacted by someone doing research for the Arts Council; one of her questions was: "What is good about Ely Choral Society?" Out of the many things I could have said, I picked out three. Firstly, we put on great concerts. Secondly, there is a real sense of enjoyment among the members as they sing together week by week. And the reason those two things are happening is the third thing: we have a great conductor. Year by year, Andrew chooses great music for us to sing; and week by week, he helps us to find that singing can be just a wonderfully fulfilling pleasure. So, as we look back at another year's music-making, once again, there is so much to celebrate' and so much to thank Andrew for.

Financial review

The accounts show that we made an overall deficit in 2022/23 of £4,935, comprising a small surplus on central and other activities of £1,401 and a deficit on concerts of £6,337.

The Society’s aim is that its central costs should be covered from central income, such as members’ subscriptions. This we achieved.

Before the pandemic, we also aimed to balance concert income and expenditure, over a period of years, so that popular concerts pay for the more artistically-challenging programmes. Post pandemic, we have been focusing on re-establishing our programme of concerts. This we achieved with considerable success in 2022/23, generating concert income of £14,974 compared with £6,488 the year before. The deficit for 2022/23 was unusually high because ticket revenue from the summer 2023 concert did not come in until the following year. We will continue to work towards breaking even on concert activity. In the short term, however, the Society’s reserves are sufficient to meet small deficits.

Reserves at the year-end amounted to £29,031. The Society aims to hold cash reserves at a level sufficient to cover the costs of a concert in the event that no income is generated. Currently this is set at £23,000.

Jeremy James

Chair

ELY CHORAL SOCIETY

Income and Expenditure Account for the year ended

----- Start of picture text -----
31st August 2022 31st August 2023
£ £ CENTRAL INCOME £ £
10,406.50 Subscriptions 11,452.50
200.00 Friends 757.50
1,354.25 Gift Aid 2,578.88
2,770.00 Donations 530.00
28.26 Interest and bank refunds received 122.74
402.00 EYC: Unrestricted 405.00
EYC: Restricted
15,161.01 15,846.62
CENTRAL EXPENDITURE
(502.00) Making Music (507.99)
(863.97) Hire of rehearsal room (1,326.00)
(5,761.70) Musical Director and guests (7,045.80)
(400.00) Accompanist (541.20)
(300.00) Website (300.00)
(98.00) Subscription Refund
(4.95) Publicity (336.61)
(74.69) Bank Charges (94.50)
(3,023.00) EYC: Unrestricted (3,633.70)
0.00 EYC: Restricted 0.00
(11,028.31) (13,785.80)
4,132.70 NET TOTAL 2,060.82
CONCERT PROFITABILITY
2,610.00 Autumn 2022 Income 2,170.50
(2,684.45) Expenditure (5,812.74)
(74.45) (3,642.24)
Autumn 2023 Expenditure (30.00)
0.00 (30.00)
Christmas 2022 Income 2,562.50
(649.00) Expenditure (2,465.22)
(649.00) 97.28
2,000.00 Easter 2022 Income 2,559.80
(3,715.75) Expenditure (1,651.20)
(1,715.75) 908.60
Easter 2023 Income 9,042.01
Expenditure (10,078.48)
0.00 (1,036.47)
Summer 2022 Expenditure (90.00)
(90.00)
1,878.00 Summer 2023 Income 291.00
(2,581.87) Expenditure (2,835.20)
(703.87) (2,544.20)
(1,427.32) NET TOTAL (6,337.03)
OTHER ACTIVITIES
527.50 Music hire and salesIncome 1,368.00
(1,168.20) Expenditure (1,976.00)
(640.70) (608.00)
Social/fundraising Income
Expenditure
0.00 0.00
60.00 Folders Income 90.00
(69.00) Expenditure (141.00)
(9.00) (51.00)
Commission Income
(3,000.00) Expenditure
(3,000.00) 0.00
(3,649.70) NET TOTAL (659.00)
----- End of picture text -----

ELY CHORAL SOCIETY

SUMMARISED INCOME AND EXPENDITURE

31st August 2022

for the year ended

31st August 2023

----- Start of picture text -----
15,161.01 Central Income 15,846.62
(11,028.31) Expenditure (13,785.80)
4,132.70 2,060.82
6,488.00 Concerts Income 14,974.61
(9,631.07) Expenditure (21,311.64)
(3,143.07) (6,337.03)
587.50 Other activities Income 1,458.00
(4,237.20) Expenditure (2,117.00)
(3,649.70) (659.00)
(2,660.07) (4,935.21)
BALANCE SHEET as at
31st August 2022 31st August 2023
36,626.18 Value of funds brought forward 33,966.11
(2,660.07) Surplus/(Deficit) (4,935.21)
33,966.11 Value of funds carried forward 29,030.90
Funds
33,214.30 Unrestricted Funds 28,279.09
751.81 Restricted Funds 751.81
33,966.11 29,030.90
Invested
15,992.29 Current accounts 10,937.08
17,973.82 Deposit account 18,093.82
33,966.11 29,030.90
----- End of picture text -----

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