Forest Philharmonic Society
(Limited by Guarantee>
Directors. Report and Financial Statements
for the year ended 31 July 2024

Forest Philharmonic Society
(Limited by Guarantee)
Report of the Trustees (incorporating the Directors, Report)
for the year ended 31 July 2024
Reforonc
and Admlnl
trativ
tsils
Charity Name
Forest Philharmonic Society
Charity Registration Number
1026792
Company Number
1539958 {England and Wales)
Registered Office
83 Mornington Road
Waltham5tow
London E11 3BG
TrusteeslDirectors
Caroline Ashley
Anthony Brice (Treasurer) (resigned 1016120241
Daniel Elson
Matt Kelly (Chair)
Jane Lee
Robert Pearce-Higgin8 (Treasurer) (appointed 1016124)
Sylvia Poulsen
Rachel Simnett
Laura Tomlinson
Janet Twisellon (appointed 1016124)
Structure Governance and Mana
emen
Forest Philharmonic Society is a Company Limited by Guarantee, established under a Memorandum of
Association and governed by Its Articles of Association. Trustees are recwited from members of the Society
who express an interest in, and are considered to have skills beneficial to, its governance. Trustees are
elected al the Annual General Meeting. One third retire by rotation each year and may stand for re-election.

Forest Philharmonic Society
(Limited by Guarantee)
tivities Achievements and Perfornlance
The objects for which the Society is established are to promote, maintain, improve and advance musical
education and to increase the public's knowledge of and educate the public's taste for music. The Truslees
plan the performances and activities within the community with due regard to the Charity Commission
Guidance on public benefit.
While the Society holds its rehearsals in Waltham Forest, concerts continue to be presented in Redbridge
due lo the continued closure of Walthamslow Assembly Hall and the lack of a suitable altemative venue.
In our 2023-2024 season, the orchestra continued to mix well-known works with more adventurous
repertoire,. in December 2023, we programmed long-underrated black American composer Florence Price
alongside Holsl and Elgar., in March 2024. we were delighted to welcome young soprano Angharad
Shanahan lo perform Mozart, Canteloube and Mahler with the orchestra- as daughter of our musical
director she had been attending our concerts since she was a baby.
We continued our links with Lewisham Choral Society with a performance of Poulenc works in Blackhealh
Halls March 2024.
Following careful planning, the orchestra has established a new young musicians competition in liaison with
the North London Music Festival.. the first competition final was held in September 2024.
Flnan¢lal Review
The Society's policy is lo hold reserves in the region of £15,000-£20,000 to enable it to enter into contracts
for the hire of perfomiance venues for the following 12-18 months.
The continued loss of Walthamstow Assembly Hall with its significantly larger audience Capacity continues to
have a negative impact on box office revenues., whilst somewhat oftset by the Orchestral Tax relief scheme,
the cost of presenting concerts continues to exceed revenue.
We have relaunched our Friends of Forest Philhannonic initiative, inviting donations towards the orchestra in
general or support of a particular player. This has started to bring in additional fund5 to the orchestra. We
have also invited support for the Young Musicians Competition, which has begun to yield donations which
have been used towards costs and prizes. The orcheslra is also looking lo develop advertising from local
firms on our publicity and concert programmes. We also made a small raise in players subscriptions, and
have improved methods of subs collection.
Unrestricted funds currently stand at £46,552 with restricted funds of £6,055. The Society will use these
reserves to fund its future seasons of concerts.
This report has been prepared in a¢¢ordance with ttte special provisions of Part 15 of the Companies Act
2006 relating lo smaller companies.
Signed on behalf of the Board on 23 April 2025.
Matt Kelly
Director

Inde
endent examinor's re
ort t the trust
sofFo
st Philharmonic
ocio
I report on the accounts of the company for the year ended 31 July 2024, which are set out on pages 5 to 10.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are ￿sponSible
for the preparation of the accounts. The trustees consider that an audit is not required for this year under
section 14412) of the Charities Acl 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and 15 eligible for
independent examination, it is my responsibility to..
examine the accounts under section 145 of the 2011 Act.,
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145{5llb) of the 2011 Act.. and
lo state whether particular matters have come lo my attention.
Basls of Independont 8xamlner'8 roport
My examination was carried out in accordance with the general Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of Ihe
accounts presented with those records. It also includes consideration of any unusual items or disclosure8 in
the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures
undertaken do noi provide all the evidence that would be required in an audit and consequently no opinion is
given as to whether the accounts present a 'true and fair view. and Ihe report is limited to those matters Set
out in the statement below.
Independent •xamlner'8 8tat•mont
In connection with my examination, no matter has come to my attention..
(11 which gives me reasonable cause lo believe that in any material respect the requirements..
to keep accounting records in accordance with section 386 of the Companies Act 2006., and
to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles ofthe
Statement of Recommended Practice.. Accounting and Reporting by Charities
have not been met., or
{2) lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Antoinette Gorst FCCA CTA MAAT
23April 2025

Forest Philharmonic Society
(Limited by Guarantee, Company Number 1539958)
tatement of Financial Activitles includin
Income and
enditure Account for the
ear ended 31 Jul 2024
Unrestricted Restrfcted
funds
funds
2024
2024
Total
funds
2024
Total
fund$
2023
[NotesJ
Incomo from:
Donations and legacies
Charitable activities
Other
18,665
33,293
737
1,980
20,645
33,293
737
14,795
21,275
309
14}
Totsl
62,695
1,980
54,675
35,379
Expenditure on:
Charitable activities
47,660
400
48,060
40,147
Total
47,660
400
48,060
40,147
Net movemont In funds
5,035
1,580
6,615
(3,678)
Reconclllatlon of funds
Tolal funds brought forward
Total funds carried forward
41.517
46,552
4,475
6,055
45,992
52.607
49,760
45,992
All disclosures relate to continuing activities.
The Statement of Financial Activities includes all gains and losses recognised in the year.

Forest Philharmonic Society
(Limited by Guarantee, Company Number 1539958)
Balance Sheet at 31 J 1 2024
[Not88]
2024
2023
Current a88ets
Cash at bank and in hand
Debtors
23,561
[71 31,339
22, 704
26, 056
Total current a880ts
54,900
48, 760
Llabllltle8
Creditors.. Amounts falling due within one year
18} (2,293)
(2, 768)
Total as80ts1088 current Ilabllltie•
52,607
45,992
The funds of th• charlty
Restricted funds
Unrestricted funds
6,055
46,552
4,475
41,517
Total fund8
52,607
45,992
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the
Companies Act 2006 (the Act) relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in
accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Act, so far as they
are applicable to the company, with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provision of Part 15 of the Act applicable to
companies subject to the small companies, regime.
The financial statements were approved by the Board on 23 April 2025.
Matt Kelly
Director

Forest Philharmonic Society
(Limited by Guarantee)
Notes to the financial statements
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance
with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) issued on 1 January 2019 and the Companies Act 2006.
Accountlng Policies
Incomlng Rèsourcos: Incoming resources are included in the Statement of Financial Activities
(SoFA} when the company becomes entitled to the resource. it is probable the resources will be
received and the monetary value can be measured reliably. They are reported gross of any related
expenditure which is then disclosed in resources expended in the SOFA. Grants and donations are
only included in the SOFA when the company has entitlement to them. Incoming resources from tax
reclaims are included in the SOFA at the same lime as the gift to vthich they relate.
Resourc08 Expondod: Resources expended are included in the Statement of Financial Activtties on
an accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is recognised when
a liability is incurred.

Forest Philharmonic Society
(Limitad by Guarantee)
Unrestricted Restrictèd
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Income from donations and legacies
Subscriptions
Friends
Charitable donations
Legacies
Gift Aid
10,899
1,092
3.801
10,899
1,092
5,781
8,359
282
3, 788
1,980
2.873
2,873
2,366
Total
18,665
1,980
20,645
14,795
Redbrldgo
Other
Concerts concert8
2024
2024
Total
2024
Total
2023
tNotes]
Income from charltable actlvltle3
Tickets and other sales
Engagement fees
Orchestra Tax Relief
9,478
9,478
10,836
12,979
9,082
10,836
12,979
12,193
Total
22,457
10,836
33,293
21,275
Expendlturo on charltabl• actlvltles
Professional coaching
Soloists & extra musicians
Halls & venues
Music
Instruments
Marketing
Sales expenses
Support costs
26,932
5,744
5,716
3,655
2,138
570
809
2,096
26,932
6,144
5,716
3,655
2,138
570
809
2,096
24,294
3,973
4,760
2,106
1,753
499
709
2,113
400
Total
47,660
400
48,060
40,147
Support costs
Legal and a¢¢ounting fees
Professional memberships
Insuran¢e
Other expenses
Governance
700
503
200
659
34
1,260
244
233
363
13
Totsl
2,096
2,113
Support Costs are apportioned equally betsveen charrtable activities.

Forest Philharmonic Society
(Limited by Guarantee)
Charity
2024
Charity
2023
Dèbtors
Prepayments and accrued income
Other debtors
968
30,371
969
25,087
Total
31,339
26,OS6
Credltors: Amounts falling due withln one year
Trade creditors
Accruals
1,353
1.628
1.140
Total
2,293
2,768
ststemont of funds
Balanco
at 1 August
2023
Balanco
at 31 July
2024
Income Expendltur•
Unrestricted funds
Restricted funds
41,517
4,475
52,695
1,980
47,660
400
46,552
6,055
Total funds
45,992
54,676
48,060
52,607
Restricted funds comprise donations received towards one or more concerts to take place in 2024-25 and
future years.
10.
Analys18 of net assets between fund8
Unrestrlcted Rostrfctod
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Current assets
Creditors due within one year
48,845
(2.293)
6,055
54,900
12,2931
48. 760
{2,768}
Total
46,552
6,055
62,607
45,992