Acorah Software Products - Accounts Production 19.2.450 false true 30 September 2024 1 October 2023 No description of principal activity true 1 October 2024 30 September 2025 30 September 2025 05253458 Mr S D Layton Mr M Bowen Ms C E Counsell 1109303 true true true true true false Educational and artistic activities true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05253458 2024-09-30 05253458 2025-09-30 05253458 2024-10-01 2025-09-30 05253458 frs-char:CharitableCompanyLimitedByGuarantee 2024-10-01 2025-09-30 05253458 frs-bus:FullAccounts 2024-10-01 2025-09-30 05253458 frs-bus:MediumEntities 2024-10-01 2025-09-30 05253458 frs-bus:Medium-sizedCompaniesRegimeForAccounts 2024-10-01 2025-09-30 05253458 frs-bus:Medium-sizedCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 05253458 frs-char:TotalUnrestrictedFunds 2024-09-30 05253458 frs-char:TotalUnrestrictedFunds 2025-09-30 05253458 frs-char:TotalUnrestrictedFunds 2024-10-01 2025-09-30 05253458 frs-char:UnrestrictedFundsGeneral 2024-09-30 05253458 frs-char:UnrestrictedFundsGeneral 2024-10-01 2025-09-30 05253458 frs-char:UnrestrictedFundsGeneral 2025-09-30 05253458 frs-char:IndependentExaminationCharity 2024-10-01 2025-09-30 05253458 frs-countries:EnglandWales 2024-10-01 2025-09-30 05253458 frs-char:Trustee1 2024-10-01 2025-09-30 05253458 frs-char:Trustee2 2024-10-01 2025-09-30 05253458 frs-char:Trustee3 2024-10-01 2025-09-30 05253458 frs-char:Activity1 2024-10-01 2025-09-30 05253458 frs-char:TotalUnrestrictedFunds frs-char:Activity1 2024-10-01 2025-09-30 05253458 2023-09-30 05253458 2024-09-30 05253458 2023-10-01 2024-09-30 05253458 frs-core:CurrentFinancialInstruments 2024-09-30 05253458 frs-char:TotalUnrestrictedFunds 2024-09-30 05253458 frs-char:TotalUnrestrictedFunds 2023-10-01 2024-09-30 05253458 frs-char:UnrestrictedFundsGeneral 2023-09-30 05253458 frs-char:UnrestrictedFundsGeneral 2023-10-01 2024-09-30 05253458 frs-char:UnrestrictedFundsGeneral 2024-09-30 05253458 frs-char:Activity1 2023-10-01 2024-09-30
Company registration number: 05253458
Charity registration number: 1109303
Polyphony Limited
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 30 September 2025
Polyphony Limited
Contents
Contents
Page
Reference and Administrative Details 1
Trustees' Report 2—3
Independent Examiner's Report 4
Statement of Financial Activities (including Income and Expenditure Account) 5
Balance Sheet 6
Notes to the Financial Statements 7—12
Page 1
Polyphony Limited
Reference and Administrative Details
For The Year Ended 30 September 2025
Reference and Administrative Details
Trustees
Mr S D Layton
Mr M Bowen
Ms C E Counsell
Charity Number 1109303
Company Number 05253458
Registered Office Prospect House
20 Long Street
Great Ellingham
Norfolk
NR17 1LN
Independent Examiner David Hatchard BA FCA
Wilson Stevens
Accountants
Page 1
Page 2
Polyphony Limited
Company No. 05253458
Trustees' Report For The Year Ended 30 September 2025
Trustees' Report
The trustees present their report and the financial statements for the year ended 30 September 2025.
Objectives and Activities
Aims and Objectives
The principal activities and objects of the charity are to advance the education of the public in the arts of
choral, orchestral and other music by the promotion of concerts, recitals and recordings of high educational
and artistic merit.
Achievements and Performance
Main Achievements
The charity continued to promote suitable concerts, recitals and recordings throughout the year under review.
Financial Review
Financial Position
The charity's state of affairs is as set out on page 5. The charity showed a net decrease in funds of £6,526
resulting in funds carried forward of £5,418.
Principal funding sources
Aside from the income generated by the promotion of concerts, recordings and other similar activities, the
principal funding sources for the charity are from donations.
Plans for future periods
The charity will continue to fulfil its objectives in the same manner in the future, through the promotion of concerts and recitals 
Structure, Governance and Management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 7th October 2004 and
registered as a charity. The company was established under a Memorandum of Association which sets out
the objects and powers of the charitable company and is governed under its Articles of Association.
Trustee Selection Methods
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law. The trustees are not
subject to retirement by rotation. The trustees are formally elected to the board of trustees at a full meeting of the trustees.
Induction and training of new trustees
Current trustees are already familiar with the practical work of the charity. Prior to the appointment as a new
trustee, the candidate is met by the individual trustees and officers of the charity to ensure that he/she is fully
...CONTINUED
Page 2
Page 3
Polyphony Limited
Trustees' Report (continued)
For The Year Ended 30 September 2025
Trustee Selection Methods - continued
aware of the requirements and statutory duties of a trustee and to ensure that the person is suitable to hold
such an appointment.
Risk Management
The trustees have discussed the major risks to which the charity is exposed and a formal risk register is being
established, which will be updated at least annually. Systems and procedures have been established to
mitigate the risks the charity faces. A strategic plan is being developed which will allow for the diversification
of funding and activities to mitigate such risks should they occur. Internal control risks continue to be
minimised by the implementation of procedures for overseeing and authorising major transactions and
projects.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr S D Layton
Trustee
6th July 2026
Page 3
Page 4
Polyphony Limited
Independent Examiner's Report to the Trustees of Polyphony Limited
For The Year Ended 30 September 2025
Independent Examiner's Report to the Trustees of Polyphony Limited
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
  2. the accounts do not accord with those records; or
  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns 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 proper understanding of the accounts to be reached.
David Hatchard BA FCA
6th July 2026
Page 4
Page 5
Polyphony Limited
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 30 September 2025
Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Unrestricted funds Unrestricted funds
Notes £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 3 224 15,520
Charitable activities:
Educational and artistic activities 27,515 46,165
Investments 4 250 179
27,989 61,864
EXPENDITURE ON:
Charitable activities: 5
Educational and artistic activities (35,115 ) (49,920 )
NET (EXPENDITURE)/INCOME (7,126 ) 11,944
NET MOVEMENT IN FUNDS (7,126 ) 11,944
RECONCILIATION OF FUNDS:
Total funds brought forward 13,972 2,028
TOTAL FUNDS CARRIED FORWARD 12 6,846 13,972
The notes on pages 7 to 11 form part of these financial statements.
Page 5
Page 6
Polyphony Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
2025 2024
Unrestricted funds Total funds
Notes £ £
CURRENT ASSETS
Debtors 10 - 520
Cash at bank and in hand 12,409 15,916
12,409 16,436
Creditors: Amounts Falling Due Within One Year 11 (5,563 ) (2,464 )
NET CURRENT ASSETS (LIABILITIES) 6,846 13,972
TOTAL ASSETS LESS CURRENT LIABILITIES 6,846 13,972
NET ASSETS 6,846 13,972
FUNDS OF THE CHARITY
Unrestricted Funds 6,846 13,972
TOTAL FUNDS 12 6,846 13,972
For the year ending 30 September 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr S D Layton
Trustee
6th July 2026
The notes on pages 7 to 11 form part of these financial statements.
Page 6
Page 7
Polyphony Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Polyphony Limited is a company limited by guarantee, incorporated in England & Wales, registered number 05253458 and registered charity number 1109303 . The registered office is Prospect House, 20 Long Street, Great Ellingham, Norfolk, NR17 1LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Fund Accounting
All incoming resources are included in the statement of financial activities when the charity is entitled to
the income and the amount can be quantified with reasonable accuracy. The following specific policies
are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the
statement of financial activities when receivable. Grants where entitlement is not conditional on the
delivery of a specific performance by the charity, are recognised when the charity becomes
unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified.
The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when
they are sold.
Income from investments is included in the year in which it is receivable
Income from charitable activities is derived from concerts and recitals. This is recognised when the
concerts are performed. Unperformed concerts and recitals at the year end are deferred to the time
when the concert is completed.
2.3. Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction will flow
to the charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income:
Income from donations or grants is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
Legacy income is recognised when receipt is probable and entitlement is established.
Income from donated goods is measured at the fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale
value. Donated facilities and services are recognised in the accounts when received if the value can be
...CONTINUED
Page 7
Page 8
Polyphony Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.3. Incoming Resources - continued
reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted
service. This is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
2.4. Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises of those costs incurred by the charity so that it is able to deliver its
activities and services for its beneficiaries. Expenditure includes the costs that are both directly related
to the activities and services and additionally those costs that indirectly support these activities.
Support costs are those costs that are incurred in support of income generation and governance.
Governance costs are the costs related to the general running of the charity as an entity. They are the
costs that allow the charity to operate and generate the information required for public accountability.
Costs, where possible, are allocated on a time or usage basis.
2.5. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
3. Income from Donations and Legacies
2025 2024
Unrestricted Unrestricted
funds funds
£ £
Donations and gifts 224 15,520
4. Investment Income
2025 2024
Unrestricted Unrestricted
funds funds
£ £
Bank interest receivable 250 179
Page 8
Page 9
Polyphony Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
5. Analysis of Expenditure
2025
Activities undertaken directly
(see note 6 ) 		Support costs
(see note 7 ) 		Total
£ £ £
Educational and artistic activities 33,631 1,484 35,115
2024
Activities undertaken directly
(see note 6 ) 		Support costs
(see note 7 ) 		Total
£ £ £
Educational and artistic activities 49,136 784 49,920
6. Direct Costs
2025
Educational and artistic activities
£
Cost of goods sold 28,952
General administration 4,624
Interest payable 55
33,631
2024
Educational and artistic activities
£
Cost of goods sold 46,426
General administration 2,707
Interest payable 3
49,136
Page 9
Page 10
Polyphony Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
7. Support Costs
2025
Educational and artistic activities
£
General administration 1,484
2024
Educational and artistic activities
£
General administration 784
8. Independent Examiner's Remuneration
2025 2024
£ £
Independent examination of the financial statements 600 -
9. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
- -
10. Debtors
2025 2024
£ £
Due within one year
Other debtors - 520
11. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 301
Other creditors 3,013 2,163
Accruals and deferred income 2,550 -
5,563 2,464
Page 10
Page 11
Polyphony Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
12. Movement in Funds
As at 1 October 2024 Income Expenditure As at 30 September 2025
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 13,972 27,989 (35,115 ) 6,846
Total funds 13,972 27,989 (35,115 ) 6,846
As at 1 October 2023 Income Expenditure As at 30 September 2024
£ £ £ £
Unrestricted funds
General:
General unrestricted fund 2,028 61,864 (49,920 ) 13,972
Total funds 2,028 61,864 (49,920 ) 13,972
13. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
14. Related Party Disclosures
There were no related party transactions for the year ended 30th September 2025.
15. Company limited by guarantee
Polyphony Limited is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such an amount as may be required not exceeding £10 to the assets of the charitable company in the event of the company being wound up while he or she was a member, or within one year after he or she ceases to be a member.
Page 11
Page 12
Polyphony Limited
Detailed Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 30 September 2025
Detailed Statement of Financial Activities (including Income and Expenditure Account)
2025 2024
Total funds Total funds
£ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts 224 15,520
224 15,520
Charitable Activities:
Educational and artistic activities
Concert promotion - income 27,515 46,165
27,515 46,165
Investments
Bank interest receivable 250 179
250 179
27,989 61,864
EXPENDITURE ON:
Charitable Activities:
Educational and artistic activities
Musicians' fees (23,068) (39,134)
Venue hire - (3,731)
Other costs (5,884) (3,561)
Management fees (4,624) (2,707)
Bank charges (55) (3)
Independent examiner's fees (600) -
Accountancy fees (800) (750)
Sundry expenses (84) (34)
(35,115) (49,920)
(35,115) (49,920)
NET (EXPENDITURE)/INCOME (7,126) 11,944
Page 12