Charity registration number 1100851 (England and Wales)
Company registration number 04925029
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J Sargent
M Taylor
J Harman
S Turnbull
H McLean
A Pogson
H Martin
E Jenkins
C Kneale
L Pople
R Burton
A Wright
W D B Drury
(Appointed 8 January 2024)
A Braviner
(Appointed 8 January 2024)
S Wickham
(Appointed 8 January 2024)
S Hornby
(Appointed 9 September 2024)
I Ford
(Appointed 1 January 2025)
Charity number
1100851
Company number
04925029
Registered office
Revenue Chambers
St Peter's Street
Huddersfield
HD1 1DL
Auditor
Simpson Wood Limited
Bank Chambers
Market Street
Huddersfield
HD1 2EW
Bankers
Virgin Money
28 St Andrew Square
Edinburgh
EH2 1AF
Solicitors
Ramsdens Solicitors LLP
Ramsdens
Oakley House
1 Hungerford Road, Edgerton
Huddersfield
HD3 3AL
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees' report
1 - 4
Statement of Trustees' responsibilities
5
Independent auditor's report
6 - 8
Statement of financial activities
9
Balance sheet
10
Notes to the financial statements
11 - 22
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 1 -

The Trustees present their annual report and financial statements for the Period ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The company is a Public Benefit Entity as defined by FRS102.

Objectives and activities

The Memorandum of Association of the Society provides that the objects of the Society are to promote choral music and for the purpose of that objective to form and maintain a Choir, a Youth Choir and a Young Voices Choir and to promote the study, practice and performance of choral works and to give concerts in Huddersfield and at such other place or places in the United Kingdom of Great Britain and Northern Ireland and elsewhere as may be determined by the Committee of the Society from time to time.

The main aim of the Charity is to establish and manage a Choir, two Youth Choirs, a Community Choir, HCS voices and to promote a subscription series of concerts comprising three concerts together with other non-subscription events and to facilitate participation by the three Choirs in appropriate musical events promoted by third parties.

The above objectives and activities enable the Society to offer the opportunity to the general public to benefit by taking part in or enjoying the work of the Choirs.

 

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

Achievements and performance

The Society makes significant use of volunteers in the course of undertaking its charitable or income generating activities. Whilst measurement issues, including attributing an economic value to such unpaid voluntary contributions, prevent the inclusion of such contributions within the Statement of Financial Activities, it is nevertheless important to understand the role and contribution of such volunteers. Volunteers comprise Members of the Committee and all sub-committees together with non-committee volunteers undertaking specific tasks on behalf of the Society and its sub-committees.

The objects of the Society are met through the promotion of the subscription concerts referred to above and in the report of musical activities together with participation in the various additional concerts, either promoted by the Society or third parties. The Youth Choirs Committee ensured that the objectives of the Society were met with regard to the promotion of the two Youth Choirs to include concerts promoted by them, concerts promoted by third parties, and other activities.

 

Fundraising activities have been undertaken to meet the cost of the activities referred to above. Funds were generated through the following sources:-

 

  1. Member subscriptions;

  2. Sale of concert tickets;

  3. Fees for participation in third party promoted events;

  4. Advertising sales;

  5. Sponsorship;

  6. Merchandise sales, including sales of recordings;

  7. Professional fundraising activities;

  8. Recurring patronage.

 

The current period of fundraising as set out in the statement of accounts generated significant income to help meet the charitable objectives of the Society. The Directors are satisfied that the assets of the Society together with the proposed future fundraising activities are sufficient to meet anticipated expenditure in future periods.

 

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 2 -
Financial review

It is the policy of the Society to maintain unrestricted funds which are the free reserves of the Society, at a level which equates to no less than six months unrestricted expenditure. This provides sufficient funds to cover management and administration of the Society whilst seeking to maintain and build on its reserves through prudent financial management and whilst also committing itself fully to its objectives and activities. With regard to reserves in restricted funds, these continue to be held principally in the John Harrison Memorial Fund which will remain in perpetuity.

The principal funding sources are set out above which meet expenditure in the year under review thereby supporting the key objectives of the Charity.

There are no restrictions on the Society’s powers to invest. The Investment Policy set by the Society is of a low to medium risk nature and takes account of the cash flow requirements of the Society together with the desire to generate income from short term and longer term sources. The Society maintains accounts of monies on demand and on short term notice and holds a portfolio of investments managed by appointed investment managers. The investment managers are fully aware of the Society’s Investment Policy and have full discretion within such limits set by the Society in accordance with its Investment Policy. This policy is reviewed from time to time, in terms of risk, as well as social, environmental and ethical considerations.

The Trustees have assessed the major risks to which the Charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The Charity’s plans for the future are to continuing pursuing the objectives as set out in the Memorandum of Association.

Structure, governance and management

The Charity is a Company Limited by Guarantee governed by its Memorandum and Articles of Association which at paragraph 5.1 vests management of the Society in the Committee consisting of elected Officers (being pursuant to Article 5.2 as amended by way of Special Resolution dated 20 February 2018, a Chair (formerly a President, and Vice-President), Treasurer, General Secretary, Choir Secretary, Subscribers' Secretary, Publicity Officer, Sponsorship Officer, Programme Officer, Recruitment Officer and Librarian and such other Officers as may be deemed necessary by the Committee) who need not be Members of the Society, a total of eight Members of the Choir of whom at least one is to be chosen from each of the four principal vocal sections and two subscribers, who must not be Members of the Society. The Committee has control over all the affairs and property of the Society and may prescribe, alter or cancel rules for the regulation of the Society and shall exercise all such powers of the Society as it thinks fit, except as otherwise provided by the Articles.

The Trustees, who are also the directors for the purpose of company law, and who served during the Period and up to the date of signature of the financial statements were:

J Sargent
C Brook
(Resigned 13 November 2023)
M Taylor
J Harman
S Turnbull
H McLean
A Pogson
H Martin
E Jenkins
C Kneale
L Pople
R Burton
A Wright
R Myhill
(Appointed 13 November 2023 and resigned 4 July 2024)
W D B Drury
(Appointed 8 January 2024)
A Braviner
(Appointed 8 January 2024)
S Wickham
(Appointed 8 January 2024)
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 3 -
S Hornby
(Appointed 9 September 2024)
I Ford
(Appointed 1 January 2025)

New Directors are recruited by nomination from the Members pursuant to the Articles and by vote in general meeting. Additionally, Directors may be appointed by the Committee either to fill a casual vacancy or as an addition to the existing number of Members. Committee Members serve for a period of two years resigning en bloc at the Annual General Meeting. Any Director appointed by Committee other than in general meeting serves until the date of the next Annual General Meeting.

The Society undertakes risk assessments covering all identifiable risks including financial management and control, insurable risks, all areas of discrimination and the major risks to which the Charity is exposed as identified by the Directors have been reviewed and systems or procedures where appropriate have been established to manage those risks.

The Committee meets monthly or as frequently as may be required to carry out the normal activities of the Society. Committee responsibilities are delegated to Sub-Committees, generally the Outlook Sub-Committee, the Vocal Sub-Committee, the Finance Sub-Committee, the Senior Officers Committee and the Youth Choirs' Committee. All decisions of Sub-Committees are reported by way of minutes to the Committee, such minutes are then adopted by the Committee or amended as appropriate. The day to day management of the Society is delegated to the Officers and Sub-Committees subject to oversight by the main committee.

 

The Charity is not part of a wider network.

 

The Charity has no related organisations or subsidiaries.

There are no formal policies for the induction of new Directors and training is by way of discussion with existing and outgoing Directors.

Auditor

A resolution proposing that Simpson Wood Limited be reappointed as Auditors of the Company will be put to the Members.

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 4 -

It is with pleasure that we present our report on the activities of the Society for the sixteen month period 1 May 2023 to 31 August 2024.

 

Musical Activities

As ever, the start of the financial year saw the end of the previous season for the Society with the concluding events of the 187th Season, namely the 2023 Spring concert.

 

The 2023/2024 and 188th concert season followed, consisting of a programme of four subscription concerts, these being the Autumn concert, the Christmas concert, the Spring concert and a Summer concert, and the usual Christmas performance of Handel's Messiah.

 

As a result of the extension of the financial year to align with the concert season year end, all of these concerts have been fully accounted for within these financial statements.

 

The Future

The 189th Season for the Society consisting of a similar programme of events for the 2024/2025 season is now well in progress, maintaining and building on our heritage, yet looking also to continue growing both our membership and our audience with the intention of ensuring that the Society has a commercially sustainable model that is adaptable to change yet true to its traditions.

The programme for the 190th, 2025/2026 concert season is currently in the planning stage with the full concert season details to be announced in June 2025 the dates having been fixed as detailed below.

Autumn concert - Saturday 1 November 2025

Christmas concert - Saturday 6 December 2025

Messiah - Saturday 20 December 2025

Spring concert - Saturday 14 March 2026

Summer concert - Saturday 27 June 2026

The quality of our performances will remain paramount as we continue to promote and support the participation in performing and experiencing the pleasure of classical choral music at all levels through the wider family of HCS, including HCS Junior and Youth Choirs and HCS Voices.
Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report was approved by the Board of Trustees.

J Harman
Trustee
Dated: 20 January 2025
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF TRUSTEES' RESPONSIBILITIES  
FOR THE PERIOD ENDED 31 AUGUST 2024
- 5 -

The Trustees, who are also the directors of The Huddersfield Choral Society for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the Trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

 

- make judgements and estimates that are reasonable and prudent;

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable company will continue in operation.

 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Company law requires the Trustees to prepare financial statements for each financial Period which give a true and fair view of the state of affairs of the Charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that Period.

In preparing these financial statements, the Trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE HUDDERSFIELD CHORAL SOCIETY
- 6 -

Opinion

We have audited the financial statements of The Huddersfield Choral Society (the ‘Charitable company’) for the Period ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, for the Period then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or

-

sufficient accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

we have not received all the information and explanations we require for our audit.

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE HUDDERSFIELD CHORAL SOCIETY
- 7 -
Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the Charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

 

 

 

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE HUDDERSFIELD CHORAL SOCIETY
- 8 -

 

 

 

 

 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

 

 

 

 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Craig Stratford FCA (Senior Statutory Auditor)
For and on behalf of Simpson Wood Limited, Statutory Auditor
Chartered Accountants
Bank Chambers
Market Street
Huddersfield
HD1 2EW
20 January 2025

Simpson Wood Limited is eligible for appointment as auditor of the Charitable company by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 AUGUST 2024
- 9 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:

Income and endowments from generated funds

3
105,451
787
106,238
75,834
8,909
84,743
Charitable activities
4
138,465
10
138,475
107,495
-
107,495

Investments

5
8,319
964
9,283
4,106
337
4,443
Total income
252,235
1,761
253,996
187,435
9,246
196,681
Expenditure on:

Raising funds

6
172
-
172
1,709
-
1,709
Charitable activities
7
304,376
690
305,066
216,239
30
216,269
Other
12
-
-
-
(1,200)
-
(1,200)
Total resources expended
304,548
690
305,238
216,748
30
216,778
Net gains/(losses) on investments
13
12,097
-
12,097
(7,196)
-
(7,196)
Net (outgoing)/incoming resources before transfers
(40,216)
1,071
(39,145)
(36,509)
9,216
(27,293)
Gross transfers between funds
9,606
(9,606)
-
306
(306)
-
Net movement in funds
(30,610)
(8,535)
(39,145)
(36,203)
8,910
(27,293)
Fund balances at 1 May 2023
290,541
35,823
326,364
326,744
26,913
353,657
Fund balances at 31 August 2024
259,931
27,288
287,219
290,541
35,823
326,364

The statement of financial activities includes all gains and losses recognised in the Period. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 10 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
16
20,666
35,048
Investments
17
142,274
162,504
Cash at bank and in hand
166,247
138,733
329,187
336,285
Creditors: amounts falling due within one year
18
(41,968)
(9,921)
Net current assets
287,219
326,364
Income funds
Restricted funds
20
27,288
35,823
Unrestricted funds
22
259,931
290,541
287,219
326,364

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the Period ended 31 August 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the Period in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 20 January 2025
J Sargent
J Harman
Trustee
Trustee
Company registration number 04925029
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
- 11 -
1
Accounting policies
Charity information

The Huddersfield Choral Society is a private company limited by guarantee incorporated in England and Wales. The registered office is Revenue Chambers, St Peter's Street, Huddersfield, HD1 1DL.

1.1
Reporting period

The charitable company has extended its financial year to 31 August 2024 in order to align the financial reporting year end with its concert season year end.

 

These financial statements have been prepared for a 16 month period ending on 31 August 2024, whereas the comparative information presented covered the year to 30 April 2023. Therefore the figures for the current period are not entirely comparable with those of the previous year.

1.2
Accounting convention

The financial statements have been prepared in accordance with the Charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The Charitable company is a Public Benefit Entity as defined by FRS 102.

 

The Charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5
Income

Credit is taken for all income on a receivable basis, other than royalties and sale of dresses, where income is taken as received. Income includes the related income tax recoverable.

Legacies are recognised on receipt or otherwise if the Charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.6
Expenditure

Expenditure is shown gross of irrecoverable VAT and is accounted for on an accruals basis.

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 12 -

The costs of activities in furtherance of the Charity's objects are those expenses directly attributable to concert expenditure. Costs for managing and administering the Society are not included above, including professional fees, but an allocation against the charitable activities is made as deemed appropriate. No provision has been made for the cost of printing and circulating the Annual Report and Financial Statements.

1.7
Current assets

Current asset investments are stated at market value at the year end. Gains or losses on investments are not realised until investments have been disposed of.

 

No value has been placed on the piano, music library, office equipment, dress material, shirts, recordings or other merchandise held for re-sale.

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.9
Financial instruments

The Charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Charitable company's balance sheet when the Charitable company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charitable company’s contractual obligations expire or are discharged or cancelled.

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 13 -
1.10
Taxation

The Company, being a registered charity, is exempt from any liability to taxation on its income and capital gains. Income Tax recoverable on subscriptions and donations is treated as being receivable in the year in which the corresponding income is received.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12

Government grants

Government grants are recognised at the fair value of the asset received or receivable where there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Critical accounting estimates and judgements

In the application of the Charitable company’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3

Income and endowments from generated funds

Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations, grants and gifts
10,168
787
10,955
12,276
8,909
21,185
Membership fees
47,677
-
47,677
45,988
-
45,988
Members and supporters
-
-
-
938
-
938
Patrons
23,448
-
23,448
6,850
-
6,850
Corporate Patrons
500
-
500
5,000
-
5,000
Tax recoverable on income received under Gift Aid
23,658
-
23,658
4,782
-
4,782
105,451
787
106,238
75,834
8,909
84,743
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 14 -
4
Charitable activities

Concert Account

Other Income

Banking Incentive Receipt

Total
2024

Concert Account

Other Income

Banking Incentive Receipt

Total
2023
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
£
£
Income within charitable activities
136,218
2,250
7
138,475
95,932
11,556
7
107,495
Analysis by fund
Unrestricted funds
136,218
2,240
7
138,465
95,932
11,556
7
107,495
Restricted funds
-
10
-
10
-
-
-
-
136,218
2,250
7
138,475
95,932
11,556
7
107,495
5

Investments

Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Income from listed investments
4,153
-
4,153
2,567
-
2,567
Interest receivable
4,166
964
5,130
1,539
337
1,876
8,319
964
9,283
4,106
337
4,443
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 15 -
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity
Other fundraising costs
172
1,709
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 16 -
7
Charitable activities

Unrestricted funds

Restricted funds

Total
2024

Unrestricted funds

Restricted funds

Total
2023
2024
2024
2023
2023
£
£
£
£
£
£

Rehearsal costs

12,654
690
13,344
16,184
30
16,214

Conductor, soloists and guests

54,988
-
54,988
29,939
-
29,939

Orchestra

58,738
-
58,738
36,978
-
36,978

Hall and refreshments

16,790
-
16,790
10,792
-
10,792

Music

1,615
-
1,615
3,150
-
3,150

Programme printing

11,303
-
11,303
6,591
-
6,591

Concert expenditure: HCSYCs

5,432
-
5,432
12,768
-
12,768

Entertaining

4,622
-
4,622
3,545
-
3,545

Flowers and gifts

277
-
277
380
-
380

Commissions on ticket sales

3,545
-
3,545
2,811
-
2,811

PRS

3,126
-
3,126
1,252
-
1,252

Advertising

371
-
371
3,158
-
3,158
Travel expenses
4,983
-
4,983
-
-
-
Workshop expenses
100
-
100
-
-
-
Consultancy fees
15,471
-
15,471
1,000
-
1,000
Computer running costs
1,999
-
1,999
1,148
-
1,148
Vocal coach fees
5,200
-
5,200
3,764
-
3,764
Choral bursaries granted
3,200
-
3,200
2,500
-
2,500
204,414
690
205,104
135,960
30
135,990
Share of support costs (see note 8)
95,862
-
95,862
76,429
-
76,429
Share of governance costs (see note 8)
4,100
-
4,100
3,850
-
3,850
304,376
690
305,066
216,239
30
216,269
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 17 -
8
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£

Support granted

-
-
-
500
-
500

Officers' and secretarial expenses

31
-
31
64
-
64

Choral directors' fees and expenses

32,667
-
32,667
24,500
-
24,500

Music director's fees and expenses

15,625
-
15,625
4,139
-
4,139

Administrator salary and related costs

20,069
-
20,069
14,654
-
14,654

Recruitment expenses

132
-
132
-
-
-

Printing, postage and stationery

2,022
-
2,022
2,240
-
2,240

Telephone

75
-
75
25
-
25
Insurance and subscriptions
502
-
502
846
-
846
Annual meeting expenses
-
-
-
1,096
-
1,096
Other meeting expenses
1,038
-
1,038
1,351
-
1,351
Gifts and donations
68
-
68
580
-
580
Music purchase and library costs
6,129
-
6,129
4,181
-
4,181
Replacement music
60
-
60
43
-
43
Music folders
-
-
-
120
-
120
Investment manager's charges
2,630
-
2,630
2,591
-
2,591
Bank charges
62
-
62
19
-
19
Media support and website costs
6,389
-
6,389
2,418
-
2,418
Media development costs
210
-
210
12,260
-
12,260
Advertising and promotional material
5,471
-
5,471
1,773
-
1,773
Bookkeeping and payroll costs
907
-
907
574
-
574
Purchase of garments for resale
875
-
875
354
-
354
HCS social events costs
(194)
-
(194)
-
-
-
Newsletter
197
-
197
209
-
209
Sundry expenses
897
-
897
779
-
779
Costs of the Youth Choirs
-
-
-
785
-
785
Audit fees
-
4,100
4,100
-
3,850
3,850
Choir management subscription
-
-
-
328
-
328
Charitable activities
95,862
4,100
99,962
76,429
3,850
80,279
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 18 -
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
4,100
3,850
10
Trustees

None of the Trustees, or any such persons connected with them received any remuneration during the year (2023-None).

 

Expenses incurred by the Trustees in the furtherance of their duties are however reimbursed by the Society. The total amount reimbursed to trustees in the year appears in note 8 under the heading officers’ and secretarial expenses.

 

In the opinion of the Trustees, the charitable company is controlled by the Board of Trustees, and no one Trustee has ultimate control.

 

11
Employees

The average monthly number of employees (excluding trustees) during the Period was:

2024
2023
Number
Number
1
1
There were no employees whose annual remuneration was more than £60,000.
12
Other
Unrestricted
Unrestricted
funds
funds
£
£
2024
2023

Provisions no longer required

-
(1,200)
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 19 -
13
Net gains/(losses) on investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Revaluation of investments
12,568
(6,908)
Gain/(loss) on sale of investments
(471)
(288)
12,097
(7,196)
14
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

15
Financial instruments
2024
2023
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
142,274
162,504
16
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,160
-
Other debtors
14,837
33,341
Prepayments and accrued income
1,669
1,707
20,666
35,048
17
Current asset investments
2024
2023
£
£
Market value of listed investments
142,274
162,504
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 20 -
18
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
122
120
Other creditors and provisions
41,846
9,801
41,968
9,921
19
Analysis of net assets between funds

Unrestricted funds

Restricted funds
Total

Unrestricted funds

Restricted funds
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fund balances at 31 August 2024 are represented by:
Current assets/(liabilities)
259,931
27,288
287,219
290,541
35,823
326,364
259,931
27,288
287,219
290,541
35,823
326,364
20
Restricted funds

The Sir Henry Coward and Sir Malcolm Sargent Memorial Fund

 

The Sir Henry Coward and Sir Malcolm Sargent Memorial Fund was created with a deposit of £263 on 22 September 1932 in recognition of the outstanding services of the late Sir Henry Coward, for the purpose of assisting in the musical education of any person or persons, at the discretion of the Trustees of the Fund, or for helping suitable musicians in time of need.

 

The sub-committee responsible for the administration of the Fund will, at any time, be pleased to consider applications for assistance. These should be addressed to the Society's Honorary Treasurer. Grants made in recent years:

 

2019 - £750    2020 - Nil    2021 - Nil    2022 - Nil 2023 - Nil 2024 - Nil

Welfare Fund

 

The Welfare Fund was created many years ago as a means of providing floral gifts, greetings cards etc together with costs of occasional re-unions for Members and Associate Members. Revenue is generated from donations, various events and raffles etc with support from the Society from time to time.

THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
20
Restricted funds
(Continued)
- 21 -

The John Harrison Memorial Fund (an Endowment fund)

 

The John Harrison Memorial Fund was created with a donation of £25,000 on 3 April 2004 by Mrs Sally-Ann Brennan, daughter of the late Mr Harrison, in recognition of Mr Harrison's love of music and affection for The Huddersfield Choral Society. The capital sum will remain in the Fund in perpetuity, with income being used at the Society's discretion.

 

HCS Voices - National Lottery Community Grant Fund

 

The HCS Voices - National Lottery Community Grant Fund was created on 10 March 2023 with a National Lottery Community Fund grant received amounting to £8,745 specifically for the purpose of funding the activities of HCS Voices (the Society's community choir) in the forthcoming 2023/24 season.

This grant was released in full against the expenditure of the HCS Voices academy fund of the society's 2023/2024 season.

21
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 May 2023
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 August 2024
£
£
£
£
£
£
General funds
290,541
252,235
(304,548)
9,606
12,097
259,931
Previous year:
At 1 May 2022
Incoming resources
Resources expended
Transfers
Gains and losses
At 30 April 2023
£
£
£
£
£
£
General funds
326,744
187,435
(216,748)
306
(7,196)
290,541
THE HUDDERSFIELD CHORAL SOCIETY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 22 -
22
Unrestricted Funds

The HCS Friends’ Fund

The HCS Friends’ Fund represents the balance of funds of the Friends of The Huddersfield Choral Society. Income received by the fund is used in support of the Society.

 

Youth Choirs’ Fund

This fund is used to administer the finances of the Youth Choir and Young Voices.

 

General Fund

This fund represents the unrestricted funds of the Society which are available to be used for the general purposes of the society. This includes funds derived from the valued Business Voice members in the support of the Society and various joint activities aimed to promote the town of Huddersfield, and funds received from members of HCS Voices subsequent to the initial grants and donations received for the academy of £5,000 as outlined below.

 

Net income derived from Business Voice in the year and included within general fund amounted to £10,000 (2023 - £17,500) and from HCS Voices net expenditure amounting to £2,245 (2023 - Net expenditure amounting to £4,160).

 

HCS Voices Academy Fund (a Designated fund)

This fund was created in the year to 30 April 2020 in order to support the HCS voices and academy launched in the year, the initial donations being designated for this purpose.

 

Development Fund (a Designated Fund)

The fund was established in 2008 to receive amounts raised to support the celebrations for the 175th Anniversary of the Society, any remaining balance to be used to develop and promote the Society. Accordingly the fund has been renamed to reflect this. In subsequent periods certain grants and other support have been added to the fund.

 

Tours and Recordings Fund (a Designated Fund)

This fund was established in 2010 to support touring or recordings made by the Society in the future.

23
Related party transactions

There were no disclosable related party transactions during the Period (2023 - None).

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