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← Sinfonia Cymru

2025-09-30-accounts

Company
registration
number꞉
03240356 Charity
registration
number꞉
1058196

SINFONIA
CYMRU TRUSTEES'
REPORT
AND UNAUDITED
FINANCIAL
STATEMENTS FOR
THE
YEAR
ENDED
30
SEPTEMBER
2025

Sinfonia
Cymru Contents

Page
Trustees'Report 1—6
IndependentExaminer'sReport 7
StatementofFinancialActivities(includingIncomeandExpenditureAccount) 8
ComparativeStatementofFinancialActivities(includingIncomeandExpenditureAccount) 9
BalanceSheet 10
NotestotheFinancialStatements 11—18
Thefollowingpagesdonotformpartofthestatutoryaccounts꞉
DetailedStatementofFinancialActivities(includingIncomeandExpenditureAccount) 19—20

Sinfonia
Cymru Company
No.
03240356 Trustees'
Report
For
The
Year
Ended
30
September
2025

The
trustees
present
their
report
and
the
financial
statements
for
the
year
ended
30
September
2025.

Objectives
and
Activities

Aims
and
Objectives

Sinfonia
Cymru
is
a
chamber
orchestra
for
exceptional
professional
musicians
under
the
age
of
30
from
Wales,
the
UK
and beyond,
dedicated
to
championing
young
players
and
helping
them
to
grow
their
experience
in
the
early
stages
of
their career.
Through
investment
in
the
development
of
emerging
musicians,
we
develop
future
generations
of
cultural
artists and
leaders.
Our
Welsh
identity
is
fundamental
to
our
work꞉
our
interdependent
mission
is
that
everyone
in
Wales
will
have the
opportunity
to
access
classical
music
and
that
far
more
people,
from
a
diversity
of
backgrounds,
will
participate
in,
be inspired
by,
and
experience
our
performances
and
community
projects.
We
achieve
this
by
taking
music
into
communities across
Wales,
to
both
urban
and
rural
venues,
and
to
schools
and
healthcare
settings.

Our
core
work
includes
chamber
orchestral
concerts,
chamber
music
recitals,
cutting‑edge
contemporary
music,
cross‑ genre
projects,
and
projects
with
schools,
choirs,
refugee
and
asylum‑seeking
communities
and
other
community
groups. At
times
we’re
an
orchestra
in
the
traditional
sense
–
ranging
in
scale
from
string
ensemble
to
full
symphony.
At
other times,
smaller
groups
of
players
provide
more
intimate
performances
in
a
variety
of
styles.
We
are
almost
always unconducted,
directed
by
the
Leader
or
Guest
Soloist.

We
aim
to
nurture
classical
musicians
who
are
exceptionally
talented,
artistically
curious,
challenging,
open
and
engaging, and
who
will
become
role
models
for
other
young
players.
Today,
musicians
need
a
much
wider
skills‑set
and
a
more flexible
approach
to
music‑making
than
previous
generations,
and
we
help
our
players
develop
this.
Unafraid
to
challenge the
status
quo,
we
put
our
players
at
the
heart
of
our
creative
programming
and
give
musicians
the
opportunity
to
cultivate a
wide
range
of
skills.
For
a
freelance
orchestra,
this
is
very
unusual.

We
are
very
grateful
to
our
key
stakeholders,
the
Arts
Council
of
Wales
and
Welsh
Government,
without
whose
funding
we would
not
be
able
to
deliver
great
musical
experiences
for
audiences
close
to
their
homes,
in
traditional
music
venues
and in
a
wide
variety
of
smaller
and
unconventional
settings.
This
public
funding
support,
alongside
other
valued
support
from Trusts,
Foundations,
and
individual
donors,
enables
us
to
play
our
role
in
ensuring
a
future
for
classical
music
in
Wales.
In particular,
we
are
grateful
to
the
Colwinston
Charitable
Trust,
Haworth
Trust,
PRS
Foundation,
Mid
Wales
Music
Trust,
Vale of
Glamorgan
Festival
Legacy
Fund,
Hinrichsen
Foundation,
Vaughan
Williams
Foundation,
Ty
Cerdd
and
Scops
Arts
Trust, all
of
which
have
supported
our
work
this
year.

Public
Benefit

The
main
activities
undertaken
to
further
the
charity’s
purpose
for
the
public
benefit
are
outlined
throughout
the
report.

The
trustees
confirm
that
they
have
complied
with
the
requirements
of
Section
17
of
the
Charities
Act
2011
to
have
due regard
to
the
Charity
Commission’s
guidance
on
public
benefit.

Achievements
and
Performance

Main
Achievements

The
2024/25
season
was
one
of
the
busiest
and
most
successful
years
in
the
organisation’s
history,
in
terms
of
the
number of
days
of
paid
work
and
development
provided
to
musicians,
and
number
of
people
we
collaborated
with
and
performed
for across
Wales.
Feedback
from
audiences
and
participants
was
consistently
excellent
and
it
is
clear
that
our
work
is
having
an impact
in
the
communities
we
collaborate
with꞉

“The
performances
the
children
have
experienced
and
the
richness
that
brings
to
their
lives
is
amazing.
The
projects
are pitched
perfectly,
with
amazing
levels
of
interaction,
and
children
massively
engaged
–
in
an
environment
they’re comfortable
with
without
their
parents
having
to
pay.
To
have
that
as
an
ongoing
regular
part
of
their
lives
–
it’s
truly invaluable.” Deputy
Head,
Holton
Primary
School

In
total,
we
presented
over
120
events,
including
concerts,
workshops,
interactive
schools
performances,
and
community collaborative
performances,
reaching
over
11,500
live
audience
members/participants
in
every
local
authority
in
Wales
and further
afield,
in
venues
ranging
from
fruit
and
veg
shops
to
miners’
institutes,
schools
to
concert
halls. Broadcasts
of
our
projects
on
BBC
Radio
3’s
New
Music
Show,
BBC
Radio
3’s
In
Concert,
S4C,

and
on
YouTube,
Spotify
and other
platforms
reached
hundreds
of
thousands
more
listeners.

We
hope
that
the
following
project
summaries
give
a
sense
of
the
range
of
experience
our
talented
musicians
gain
through Sinfonia
Cymru,
the
breadth
of
Wales
to
which
we
tour,
as
well
as
the
diversity
of
performance
venues
–
and
our
aim
to embed
our
work
meaningfully
in
each
community
by
working
collaboratively
with
local
schools,
choirs,
event
organisers, and
other
community
groups.

Our
diverse
programme
of
tours
with
exceptional Guest
Artists in
2024/25
included꞉

...CONTINUED

Page
1

Sinfonia
Cymru Trustees'
Report
(continued) For
The
Year
Ended
30
September
2025

Main
Achievements
‑
continued

In
November
2024,
we
found
out
we
had
been
selected
by
PRS
Foundation
for
their New
Music
Biennial ,
a
UK
festival supporting
contemporary
composers
by
commissioning
new
works
across
all
genres,
presented
in
major
cities,
broadcast
by BBC
Radio
3,
and
recorded/released
by
NMC
Recordings.
This
enabled
us
to
commission
composer Mark
David
Boden (also
a
Lecturer
in
Composition
at
RWCMD)
to
write
a
new
audio‑visual
concerto
for
violin,
strings
and
percussion,
with award‑winning
violinist Fenella
Humphreys as
soloist/director.
The
piece,
titled
“Chasing
Sunlight”
was
inspired
by
the epic
migratory
journeys
of
the
arctic
tern,
and
the
ever
increasing
challenges
these
birds
face
as
a
result
of
human interaction
and
climate
change.
It
featured
a
visual
backdrop
created
collaboratively
with Bradford
Refugee
Action
and Oasis
One
World
Choir (OOWC),
whose
beautiful
film
footage
of
migratory
birds
in
local
nature
reserves
in
Bradford
and Newport
(edited
by
Ratio
Studios)
formed
an
evocative
narrative
around
themes
of
migration,
resilience
and
hope.
The piece
was
premiered
at
National
Museum
Cardiff
on
World
Environment
Day
(5
June
2025)
as
part
of
an
all
day
event programmed
by
Sinfonia
Cymru.
The
day
featured
concerts,
composer
workshops,
behind
the
scenes
tours
of
the
museum’s artefacts
and
collaborative
performances
with
OOWC.
Chasing
Sunlight
then
toured
to
Bradford
as
part
of
the
UK
City
of Culture
Celebrations
and
London’s
Southbank
Centre.
A
live
recording
of
the
piece
was
broadcast
on
BBC
Radio
3’s
New Music
Show.

In
2024/25,
we
increased
our chamber
music presence
at
the
Riverfront
in
Newport
from
bi‑monthly
to
monthly lunchtime
performances,
with
each
concert
launching
a
short
tour,
typically
visiting
up
to
three
community
venues elsewhere
in
Wales.
A
particular
highlight
in
this
series
was
our
Festive
Chamber
tour
which
saw
a
Sinfonia
Cymru
piano quintet
collaborating
with
local
community
choirs
in
three
venues
(Riverfront,
Gregynog
Hall,
and
Pontyberem
Memorial Hall).
23
of
the
live
performances
we
gave
this
year
were
free
to
audiences,
as
part
of
our
commitment
to
welcoming
new audiences
to
classical
music
and
performing
in
rural
communities.
Additional
to
these,
we
presented
a
further
11
free performances
in
schools
and
eight
performances
of
Ty
Unnos,
which
were
free
for
schools
and
the
families
and
friends
of the
pupils
involved.
Previously
our
free
performances
have
been
marketed
under
the
banner
of
“Mainly
Village
Halls”. However,
in
2024/25
we
decided
to
rebrand
these
performances
as
“ Cymuned
Sessions ”
(cymuned
is
Welsh
for community),
to
reflect
the
fact
that
many
of
the
communities
we
tour
to
are
Welsh‑speaking,
and
we
have
diversified
away from
touring
primarily
to
village
halls,
now
also
taking
in
pubs,
charity
shops,
care
homes
and
even
a
greengrocer.
These community
partnerships
reach
every
local
authority
in
Wales,
working
collaboratively
with
local
ambassadors
or
groups
of ambassadors
to
promote
and
help
us
shape
the
concerts
we
present.

Chamber
music
tours
were
regularly
curated
by
performers
themselves
(rather
than
management).
We
also
ran
our
annual Curate series
of
concerts
programmed
by
SC
early‑career
musicians
and
focussing
on
a
theme
or
idea
they
are
passionate about.
These
programmes
included꞉

...CONTINUED

Page
2

Sinfonia
Cymru Trustees'
Report
(continued) For
The
Year
Ended
30
September
2025

Main
Achievements
‑
continued

2024/25
saw
the
expansion
of
our Powys
Schools
Project ,
a
5‑month
songwriting,
music,
art
and
story‑telling programme
with
primary
school
children
in
Powys.
We
worked
with
eight
classes
across
seven
schools
in
Powys,
providing valuable
music
experiences
in
an
area
that
was,
until
recently,
the
only
county
in
Wales
with
no
formal
Music
Services
or equivalent.
A
series
of
workshops,
from
November
to
March,
culminated
in
performances
where
children
performed
songs they
had
co‑written
with
SC
facilitator Joy
Becker ,
alongside
Sinfonia
Cymru
musicians,
on
a
stage
for
which
they
had created
the
set.
For
many
pupils,
this
was
their
first
time
meeting
and
collaborating
with
professional
musicians;
performing on
a
theatre
stage;
and
seeing
their
own
creative
work
brought
to
life
in
a
professional
production.
Teachers
told
us
the project
nurtured
confidence,
teamwork,
and
communication
skills,
while
unlocking
the
creativity
of
pupils
who
often struggle
to
engage
in
the
classroom.
The
combination
of
storytelling,
music,
and
art
gave
every
child
a
role
to
play,
from composing
lyrics
to
designing
scenic
backdrops
–
fostering
ownership
and
pride
in
their
achievements.

We
also
transferred
the
project,
this
year
titled
“Ty
Unnos”,
to
Barry,
working
with
a
further
two
classes
at
our
hafan school,
Holton
Primary,
and
performing
at
Barry
Memo
Arts
Centre.
For
the
first
time,
we
also
partnered
with
Music
Theatre Wales,
who
provided
singing
workshops
for
the
children
in
Powys
and
Barry,
and
an
opera
singer
for
all
performances.

Over
the
course
of
the
project,
250
children
aged
7‑11
and
their
teachers
took
part
in
regular
creative
workshops
–
making music,
exploring
their
creativity,
and
starring
in
performances
alongside
Sinfonia
Cymru’s
musicians
and
story‑teller/writer Tamar
Williams .
A
further
165
children
benefited
from
the
project
by
creating
scenic
artwork
exploring
Welsh
mythology with
artists/set
designers Hilary
and
Graham
Roberts that
was
then
displayed
on
stage
at
their
local
arts
venues.
1,365 children
and
family
members
attended
the
resulting
performances
in
Wyeside
Arts
Centre,
The
Hafren,
Theatr
Brycheiniog and
Barry
Memo
Arts
Centre.
In
July
2025,
we
revived
Ty
Unnos
for
a
performance
at
Llangollen
International
Musical Eisteddfod
as
part
of
children’s
day
at
the
festival.

In
addition
to
our
new
Powys
Schools partnership
with
Music
Theatre
Wales (MTW),
we
undertook
three
further collaborations
with
MTW꞉

We
also
collaborated
with꞉
Bangor
New
Music
Festival
(February
2025),
performing
a
string
quartet
programme
of
music
by contemporary
Welsh
composers;
Philomusica
(July
2025)
in
a
series
of

side‑by‑side
rehearsals
and
performances
with Aberystwyth’s
community
orchestra;
and
Ty
Cerdd
and
the
National
Eisteddfod
on
Medal
y
Cyfansoddwr,
workshopping
new string
trios
by
three
Welsh
composers
through
the
year
before
performing
these
at
the
Eisteddfod
(August
2025),
where
a winning
composer
was
selected
(the
performances
were
broadcast
on
S4C).

As
an
orchestra
for
players
aged
30
and
under,
each
year
we
have
to
say
farewell
to
exceptionally
talented,
inspirational musicians,
and
this
year
was
no
exception.
Thank
you
very
much
to
the
50+
musicians
who
took
part
in
this
year’s programme
–
you
have
been
incredible,
and
we
wish
those
of
you
who
are
moving
on
the
very
best
of
luck
with
your
future adventures
in
music.

Page
3

Sinfonia
Cymru Trustees'
Report
(continued) For
The
Year
Ended
30
September
2025

Future
Plans

The
2025/26
season
will
see
Sinfonia
Cymru
tour
with
exceptional
soloists꞉

Additionally,
we
will
tour
two
“supersized” chamber
music projects,
each
with
12‑14
players꞉
one
led
by
Martin
Lüdenbach on
double
bass,
and
one
led
by
Sinfonia
Cymru
Leader
Haim
Choi.

As
part
of
our
commitment
to
reach
more
rural
communities
across
Wales,
we
plan
to
expand
our Cymuned tour (previously
named
the
Mainly
Village
Halls
Tour),
taking
free
performances
of
chamber
music
to
village
halls,
cafes, schools,
shops
and
other
community
spaces
across
Wales.

Our
chamber
concert
series
continues
at
Riverfront
(Newport),
Lampeter,
Barry
Memo
Arts
Centre
and
other
venues
around Wales.
Our Curate series,
in
which
we
ask
players
to
submit
proposals
for
programmes
based
around
an
idea
of
their choice
and
we
then
work
with
the
selected
'curators'
to
produce
the
events,
also
continues.

Our
annual
five‑month
project
with Primary
Schools
in
Powys will
take
place
again
in
Winter
2025/Spring
2026.

Financial
Review

Reserves
Policy

In
order
to
give
Sinfonia
Cymru
a
stable
base
on
which
to
plan
future
activity,
the
Board
has
approved
a
level
of
reserves
to protect
the
organisation
from
unexpected
shortfalls
in
income
–
particularly
ticket
income,
performance
fees,
and fundraising
income.
This
is
designated
the
Risk
Reserve
and
the
current
level
is
set
at
£75,000.

Additionally
the
Board
has
set
aside
a
Designated
Enhanced
Programme
Reserve
of
£120,000,
to
support
a
significant increase
in
activity
over
the
period
2024/25
and
2025/26.
The
pandemic,
followed
by
the
cost
of
living
crisis
in
the
UK
have resulted
in
a
UK
freelance
orchestral
workforce
that
is
in
crisis,
with
early‑career
professionals
being
particularly
affected. Help
Musicians
and
Musicians
Union
research
shows
that
up
to
65%
of
young
professional
musicians
are
currently
in financial
hardship,
and
25%
are
considering
leaving
the
profession
permanently.
The
Trustees
feel
that
now
is
the
time
to commit
additional
reserves
to
supporting
under
30s
musicians
by
increasing
the
amount
of
paid
work
Sinfonia
Cymru supports
each
year.
Therefore,
the
organisation
has
budgeted
for
a
total
deficit
of
£120,000
in
the
years
2025/26
and 2026/27,
to
support
this
strategy.

This
additional
expenditure
will
be
directed
especially
towards
projects
that
help
raise
SC’s
profile
and/or
build
relationships with
commercial
partners,
increasing
SC’s
capacity
to
secure
earned
income
now
and
in
the
future
–
with
the
aim
that
once the
Designated
Enhanced
Programme
Reserve
is
spent,
we
will
still
be
able
to
operate
at
a
higher
level
of
activity
compared with
pre‑pandemic.
It
is
crucial
that
during
these
five
years,
SC
continues
to
raise
money
from
grants
and
private
sources, to
enable
us
to
maintain
and
grow
key
projects
and
to
serve
our
symbiotic
key
mission
of
bringing
exceptional
live
music into
the
heart
of
Welsh
communities,
especially
those
with
the
least
cultural
provision. SC
holds
General
Funds
of
£126,194
which
is
crucial
for
maintaining
good
cashflow.

Structure,
Governance
and
Management

Governing
Document

Sinfonia
Cymru
is
a
charitable
company
limited
by
guarantee,
incorporated
on
21
August
1996.
The
board
is
governed
by its
Memorandum
and
Articles
of
Association
dated
13
August
1996
and
amended
on
16
December
2019.
In
the
event
of
the board
being
wound
up
the
members
are
required
to
contribute
an
amount
not
exceeding
£1.

A
Governance
subcommittee
of
three
Trustees
was
formed
during
the
year,
to
review
Board
processes,
with
the
aim
of further
strengthening
our
Governance.

Trustee
Selection
Methods

Members
of
the
Board
of
Trustees
are
appointed
or
removed
by
resolution
of
the
trustees.
Trustees
are
appointed
to provide
expertise
in
the
various
skills
needed
to
run
the
organisation
efficiently
and
effectively.

Trustee
induction
and
training

Upon
appointment,
new
trustees
are
given
an
induction
pack
which
includes꞉

a
comprehensive
Board
handbook
/ Governance
Code;
recent
Board
papers;
financial
information
including
annual
and
long‑term
budgets.
When
appropriate, training
sessions
are
open
to
board
members
where
the
training
is
considered
useful
to
their
role.

...CONTINUED

Page
4

Sinfonia
Cymru Trustees'
Report
(continued) For
The
Year
Ended
30
September
2025

Trustee
Selection
Methods
‑
continued

A
Board
and
Staff
Away
Day
took
place
in
the
year,
for
Trustees,
employees
and
regular
freelance
team
members
to
review the
organisation's
position
and
direction.

Reference
and
Administrative
Details

Trustees

R
S
Bright L
M
Madeley J
Marriot A
T
Marshman C
S
Plumley W
M
Sterk A
J
Vennart S
E
Willis
Tansley A
Jones
(resigned
30/01/2025)

Other
Personnel

Wiard
Sterk
‑
Chair Caroline
Tress
‑
Secretary Caroline
Tress
‑
Chief
Executive

Charity
Number

1058196

Company
Number

03240356

Independent
Examiner

T
Jenkins
Chartered
Management
Accountants Chartered
Management
Accountants 19
Clos
y
Carw Llantwit
Fadre CF38
2BP

Bankers

Unity
Trust
Bank Nine
Brindley
Place Birmingham

Solicitors

Darwin
Gray
LLP Helmont
House Churchill
Way Cardiff

Operating
Process

The
Board
meets
at
least
four
times
a
year,
timed
to
fit
with
delivery
of
key
targets
or
information
requirements
set
by
Arts Council
of
Wales.
The
Board
may
form
sub‑committees
in
order
to
delegate
specific
tasks,
processes
or
projects. Composition,
engagement
and
management
of
the
orchestra,
programming,
the
running
of
the
office,
and
day‑to‑day
staff matters
are
delegated
to
the
Chief
Executive.
The
Chief
Executive
and
Chair
maintain
a
regular
dialogue
between
formal Board
meetings.

Page
5

Sinfonia
Cymru Trustees'
Report
(continued) For
The
Year
Ended
30
September
2025

Statement
of
Trustees'
Responsibilities

The
trustees
(who
are
also
the
directors
of
Sinfonia
Cymru
for
the
purposes
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.
Under
company
law
the
trustees must
not
approve
the
financial
statement
unless
they
are
satisfied
that
they
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
the
financial
statements
the
trustees
are
required
to꞉

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

The
trustees
are
responsible
for
the
maintenance
and
integrity
of
the
corporate
and
financial
information
included
on
the charitable
company's
website.
Legislation
in
the
United
Kingdom
governing
the
preparation
and
dissemination
of
financial statements
may
differ
from
legislation
in
other
jurisdictions.

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꞉

W
M
Sterk Trustee 15/01/2026

Page
6

Sinfonia
Cymru Independent
Examiner's
Report
to
the
Trustees
of
Sinfonia
Cymru For
The
Year
Ended
30
September
2025

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

Since
the
Company’s
gross
income
exceeded
£250,000
your
examiner
must
be
a
member
of
a
body
listed
in
section
145
of the
2011
Act.
I
confirm
that
I
am
qualified
to
undertake
the
examination
because
I
am
a
member
of
The
Chartered
Institute of
Management
Accountants,
which
is
one
of
the
listed
bodies.

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꞉

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.

T
Jenkins
Chartered
Management
Accountants 08/01/2026 19
Clos
y
Carw Llantwit
Fadre CF38
2BP

Page
7

Sinfonia
Cymru Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) For
The
Year
Ended
30
September
2025

Notes
INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
3
Charitableactivities
4
Investments
5
Other
6
EXPENDITUREON꞉
Raisingfunds
7
Charitableactivities
7
Other
NET(EXPENDITURE)/INCOME
NETMOVEMENTINFUNDS
RECONCILIATIONOFFUNDS꞉
Totalfundsbroughtforward
TOTALFUNDSCARRIEDFORWARD
17		 Unrestricted
funds
£
221,422
70,398
41
105,094		 Restricted
funds
£
‑
72,175
‑
‑		 2025
Total
funds
£
221,422
142,573
41
105,094		 2024
Total
funds
£
228,645
139,589
579
117,142
396,955 72,175 469,130 485,955
(34,978)
(429,787)
(20,986)		 ‑
(72,175)
‑		 (34,978)
(501,962)
(20,986)		 (12,668)
(431,320)
(21,637)
(485,751) (72,175) (557,926) (465,625)
(88,796) ‑ (88,796) 20,330
(88,796)
321,194		 ‑
‑		 (88,796)
321,194		 20,330
300,864
232,398 ‑ 232,398 321,194

The
notes
on
pages
11
to
18
form
part
of
these
financial
statements.

Page
8

Sinfonia
Cymru Comparative
Statement
of
Financial
Activities
(including
Income
and
Expenditure Account)

For
The
Year
Ended
30
September
2025

Notes
INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
3
Charitableactivities
4
Investments
5
Other
6
EXPENDITUREON꞉
Raisingfunds
7
Charitableactivities
7
Other
NETINCOME
NETMOVEMENTINFUNDS
RECONCILIATIONOFFUNDS꞉
Totalfundsbroughtforward
TOTALFUNDSCARRIEDFORWARD
17		 Unrestricted
funds
£
228,645
76,589
579
117,142		 Restricted
funds
£
‑
63,000
‑
‑		 2024
Total
funds
£
228,645
139,589
579
117,142
422,955 63,000 485,955
(12,668)
(368,320)
(21,637)		 ‑
(63,000)
‑		 (12,668)
(431,320)
(21,637)
(402,625) (63,000) (465,625)
20,330 ‑ 20,330
20,330
300,864		 ‑
‑		 20,330
300,864
321,194 ‑ 321,194

The
notes
on
pages
11
to
18
form
part
of
these
financial
statements.

Page
9

Sinfonia
Cymru Balance
Sheet As
At
30
September
2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED
ASSETS
Tangible
Assets 12 823 ‑ 823 2,245
823 ‑ 823 2,245
CURRENT
ASSETS
Debtors 13 123,000 ‑ 123,000 150,347
Cash
at
bank
and
in
hand 135,390 ‑ 135,390 180,437
258,390 ‑ 258,390 330,784
Creditors 14 (26,815) ‑ (26,815) (11,834)
NET
CURRENT
ASSETS
(LIABILITIES) 231,575 ‑ 231,575 318,950
TOTAL
ASSETS
LESS
CURRENT
LIABILITIES 232,398 ‑ 232,398 321,195
NET
ASSETS 232,398 ‑ 232,398 321,195
FUNDS
OF
THE
CHARITY
Unrestricted
Funds 232,398 321,194
TOTAL
FUNDS 17 232,398 321,194

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
charitable
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

W
M
Sterk Trustee 15/01/2026

The
notes
on
pages
11
to
18
form
part
of
these
financial
statements.

Page
10

Sinfonia
Cymru Notes
to
the
Financial
Statements For
The
Year
Ended
30
September
2025

1. General
Information

Sinfonia
Cymru
is
a
company
limited
by
guarantee,
incorporated
in
England
&
Wales,
registered
number
03240356
and registered
charity
number
1058196.
The
registered
office
is
.

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

2.3. Incoming
Resources

2.4. Resources
Expended

Page
11

Sinfonia
Cymru Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
30
September
2025

2.5. Tangible
Fixed
Assets
and
Depreciation

Tangible
fixed
assets
are
measured
at
cost
less
accumulated
depreciation
and
any
accumulated
impairment
losses. Depreciation
is
provided
at
rates
calculated
to
write
off
the
cost
of
the
fixed
assets,
less
their
estimated
residual
value, over
their
expected
useful
lives
on
the
following
bases꞉

Computer
Equipment

3
Year
straight
line

2.6. Leasing
and
Hire
Purchase
Contracts

Where
the
charity
enters
into
a
lease
which
entails
taking
substantially
all
the
risks
and
rewards
of
ownership
of
an asset,
the
lease
is
treated
as
a
finance
lease.

Leases
which
do
not
transfer
substantially
all
the
risks
and
rewards
of
ownership
to
charity
are
classified
as
operating leases.

Assets
held
under
finance
leases
are
initially
recognised
as
assets
of
the
charity
at
their
fair
value
at
the
inception
of the
lease
or,
if
lower,
at
the
present
value
of
the
minimum
lease
payments.
The
corresponding
liability
to
the
lessor
is included
in
the
balance
sheet
date
as
a
finance
lease
obligation.
Lease
payments
are
apportioned
between
finance expenses
and
reduction
of
the
lease
obligation
so
as
to
achieve
a
constant
rate
of
interest
on
the
remaining
balance
of the
liability.
Finance
expenses
are
recognised
immediately,
unless
they
are
directly
attributable
to
qualifying
assets,
in which
case
they
are
capitalised
in
accordance
with
the
charity's
policy
on
borrowing
costs.

Assets
held
under
finance
leases
are
depreciated
in
the
same
way
as
owned
assets.

Operating
lease
payments
are
recognised
as
an
expense
on
a
straight‑line
basis
over
the
lease
term.
In
the
event
that lease
incentives
are
received
to
enter
into
operating
leases,
such
incentives
are
recognised
as
a
liability.
The
aggregate benefit
of
incentives
is
recognised
as
a
reduction
of
rental
expense
on
a
straight‑line
basis.

2.7. Stocks
and
Work
in
Progress

Stock
is
included
at
the
lower
of
cost
or
net
realisable
value.
Donated
items
of
stock
are
recognised
at
fair
value
which is
the
amount
the
charity
would
have
been
willing
to
pay
for
the
items
on
the
open
market.

2.8. Cash
and
Cash
Equivalents

Cash
and
cash
equivalents
comprise
cash
at
bank
and
on
hand,
demand
deposits
with
banks
and
other
short‑term highly
liquid
investments
with
original
maturities
of
three
months
or
less
and
bank
overdrafts.
In
the
statement
of financial
position,
bank
overdrafts
are
shown
within
borrowings
or
current
liabilities.
In
the
Statement
of
Cash
Flows, cash
and
cash
equivalents
are
shown
net
of
bank
overdrafts
that
are
repayable
on
demand
and
form
an
integral
part of
the
company's
cash
management.

2.9. Foreign
Currencies

Monetary
assets
and
liabilities
denominated
in
currencies
other
than
the
functional
currency
of
the
charity
are translated
at
the
rates
of
exchange
prevailing
at
the
end
of
the
reporting
period.
Transactions
in
currencies
other
than the
functional
currency
of
the
charity
are
recorded
at
the
rate
of
exchange
on
the
date
that
the
transaction
occurred. All
exchange
differences
are
are
taken
into
account
in
arriving
at
net
income/expenditure.

2.10. Taxation

The
charity
is
exempt
from
tax
as
all
its
income
is
charitable
and
applied
for
charitable
purposes.

2.11. Pensions

The
charity
operates
a
defined
contribution
plan
for
its
employees.
A
defined
contribution
plan
is
a
pension
plan
under which
the
company
pays
fixed
contributions
into
a
separate
entity.
Once
the
contributions
have
been
paid
the company
has
no
further
payments
obligations.
The
contributions
are
recognised
as
expenses
when
they
fall
due. Amounts
not
paid
are
shown
in
accruals
in
the
balance
sheet.
The
assets
of
the
plan
are
held
separately
from
the company
in
independently
administered
funds.

2.12. Freehold
investment
property

Investment
properties
are
measured
initially
at
cost
and
subsequently
at
fair
value
at
each
balance
sheet
date
and
are not
depreciated.
All
gains
or
losses
are
taken
to
the
Statement
of
Financial
Activities
as
they
arise.

Page
12

Sinfonia
Cymru Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
30
September
2025

2.13. Trade
debtors
and
creditors

Trade
and
other
debtors
are
recognised
at
the
settlement
amount
due
after
any
trade
discount
offered.
Prepayments are
valued
at
the
amount
prepaid
net
of
any
trade
discounts
due.

Short
term
creditors
are
measured
at
the
transaction
price.
Other
creditors
and
provisions
are
recognised
where
the charity
has
a
present
obligation
resulting
from
a
past
event
that
will
probably
result
in
the
transfer
of
funds
to
a
third party
and
the
amount
due
to
settle
the
obligation
can
be
measured
or
estimated
reliably.
Creditors
and
provisions
are normally
recognised
at
their
settlement
amount
after
allowing
for
any
trade
discounts
due.

2.14. Receipt
of
donated
goods,
facilities
and
services

All
donated
goods,
facilities
and
services
received
are
recognised
within
incoming
resources
and
expenditure
at
an estimate
of
the
value
to
the
charity.

3. Income
from
Donations
and
Legacies

Donationsandgifts
Giftaid
Grants		 2025
Unrestricted
funds
£
1,750
362
219,310		 2024
Unrestricted
funds
£
6,817
1,066
220,762
221,422 228,645

4. Income
from
Charitable
Activities

ConcertsandPerformances
CreativeLearningIncome
Projects
ConcertsandPerformances
CreativeLearningIncome
Projects
.
InvestmentIncome
Interestonshort‑termdeposits
Otherinterestreceivable		 Unrestricted
funds
£
70,298
‑
100		 Restricted
funds
£
47,175
‑
25,000		 2025
Total
funds
£
117,473
‑
25,100
70,398 72,175 142,573
Unrestricted
funds
£
40,218
167
36,204		 Restricted
funds
£
55,000
‑
8,000		 2024
Total
funds
£
95,218
167
44,204
76,589 63,000 139,589
2025
Unrestricted
funds
£
41
‑		 2024
Unrestricted
funds
£
‑
579
41 579

5. Investment
Income

Page
13

Sinfonia
Cymru Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
30
September
2025

6. Other
Income

OrchestralTaxRelief
TheatreTaxRelief		 2025
Unrestricted
funds
£
89,924
15,170		 2024
Unrestricted
funds
£
87,609
29,533
105,094 117,142

7. Analysis
of
Expenditure

.
AnalysisofExpenditure
Raisingfunds
ConcertsandPerformances
Projects
Other
Staffwages
Raisingfunds
ConcertsandPerformances
Projects
.
SupportCosts
Employeecosts
Generaladministration
Governancecosts		 Raising
funds
£
‑
34,229
683		 Activities
undertaken
directly
£
66
304,042
57,401
‑
‑		 Support
costs
(seenote8)
£
34,912
‑
‑
2,562
137,957		 2025
Total
£
34,978
304,042
57,401
2,562
137,957
361,509 175,431 536,940
Activities
undertaken
directly
£
12,668
299,485
8,000		 Support
costs
(seenote8)
£
‑
123,835
‑		 2024
Total
£
12,668
423,320
8,000
320,153 123,835 443,988
Other
£
2,562
‑
‑		 Staffwages
£
137,957
‑
‑		 2025
Total
£
140,519
34,229
683
34,912 2,562 137,957 175,431

8. Support
Costs

2024

Concerts
and Performances £ 123,835

Employee
costs

Page
14

Sinfonia
Cymru Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
30
September
2025

9. Independent
Examiner's
Remuneration

Independentexaminationofthefinancialstatements
Otherassuranceservices
Taxadvisoryservices
Otherfinancialservices		 2025
£
683
‑
‑
‑
683		 2024
£
683
‑
‑
‑
683

10. Staff
Costs

Staffing
levels
remain
similar
to
the
previous
year.
One
parttime
(0.6
FTE)
member
of
staff
left
the
company
mid‑year
to relocate
to
London
and
was
replaced
by
a
0.8
FTE
member
of
the
team
–
the
increase
in
time
enabling
us
to
manage
the increase
in
touring
activity.

Thank
you
very
much
to
the
many
volunteers
and
community
ambassadors
who
are
also
crucial
to
our
work.

Wagesandsalaries
Socialsecuritycosts
Otherpensioncosts		 2025
£
127,118
4,723
6,116
137,957		 2024
£
111,989
3,525
5,325
120,839

No
employees
received
employee
benefits
(excluding
employer
pension
costs)
for
the
reporting
period
of
more
than
£60,000.

11. Average
Number
of
Employees

Average
number
of
employees
during
the
year
was꞉
5
(2024꞉
6)

12. Tangible
Assets

Cost
Asat1October2024
Asat30September2025
Depreciation
Asat1October2024
Providedduringtheperiod
Asat30September2025
NetBookValue
Asat30September2025
Asat1October2024		 Computer
Equipment
£
8,249
8,249
6,004
1,422
7,426
823
2,245

Page
15

Sinfonia
Cymru Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
30
September
2025

13. Debtors

Duewithinoneyear
Tradedebtors
Prepaymentsandaccruedincome
Otherdebtors		 2025
£
6,413
11,493
105,094
123,000		 2024
£
28,143
5,062
117,142
150,347
14.
Creditors
Tradecreditors
Bankloansandoverdrafts
Taxationandsocialsecurity
Accrualsanddeferredincome		 2025
£
18,231
‑
1,556
7,028
26,815		 2024
£
770
274
2,819
7,971
11,834

15. Deferred
Income

Deferred
income
movements
in
the
year
were
as
follows꞉

Balanceatthestartoftheperiod
Incomedeferredinthecurrentperiod
Amountsreleasedinincomefrompreviousperiods
Balanceattheendoftheperiod		 2025
£
1,425
5,000
(1,425)		 2024
£
3,959
1,425
(3,959)
5,000 1,425

Deferred
income
as
at
30
September
2024
is
£1,425
Cardiff
Council
transfer
of
restricted
grant
from
N’famady
project. Deferred
income
as
at
30
September
2025
is
£5,000
of
N'famady
Grant.

16. Pension
Commitments

The
charitable
company
operates
a
defined
contribution
pension
scheme.
The
assets
of
the
scheme
are
held
separately
from those
of
the
charitable
company
in
an
independently
administered
fund.

During
the
year
the
charge
to
the
statement
of
financial
activities
in
respect
of
defined
contribution
schemes
was
£6,116 (2024꞉
£5,325).

At
the
balance
sheet
date
contributions
of
£NIL
were
due
to
the
fund
and
are
included
in
creditors.

17. Movement
in
Funds

7.
MovementinFunds
Asat1 Asat30
October September
2024 Income Expenditure Transfers 2025
£ £ £ £ £
Unrestrictedfunds
General꞉
Generalunrestrictedfund 26,194 396,955 (485,751) 88,796 26,194
Designated꞉
...CONTINUED

Page
16

Sinfonia
Cymru Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
30
September
2025

DesignatedRiskReserve
DesignatedProgrammeReserve
DesignatedEnhancedProgrammeReserve
Totalunrestrictedfunds
Restrictedfunds
PRS
VOGF
N'famady
Schools
Birds
ChasingSunlight
HaworthTrust
Totalrestrictedfunds
Totalfunds
Unrestrictedfunds
General꞉
Generalunrestrictedfund
Designated꞉
DesignatedRiskReserve
DesignatedProgrammeReserve
DesignatedEnhancedProgrammeReserve
Totalunrestrictedfunds
Restrictedfunds
FoyleFoundation
ColwinstonTrust
MidWalesMusicTrust
Nugee
PowysCommunityFund		 75,000
100,000
120,000		 ‑
‑
‑		 ‑
‑
‑		 ‑
‑
(88,796)		 75,000
100,000
31,204
206,204
232,398
‑
‑
‑
‑
‑
‑
‑
‑
232,398
Asat30
September
2024
£
26,194
75,000
100,000
120,000
295,000
321,194
‑
‑
‑
‑
‑
...CONTINUED
295,000 ‑ ‑ (88,796)
321,194 396,955 (485,751) ‑
‑
‑
‑
‑
‑
‑
‑		 15,600
4,800
1,425
25,000
9,350
1,000
15,000		 (15,600)
(4,800)
(1,425)
(25,000)
(9,350)
(1,000)
(15,000)		 ‑
‑
‑
‑
‑
‑
‑
‑ 72,175 (72,175) ‑
321,194 469,130 (557,926) ‑
Asat1
October
2023
£
26,265
75,000
199,599
‑		 Income
£
422,955
‑
‑
‑		 Expenditure
£
(402,625)
‑
‑
‑		 Transfers
£
(20,401)
‑
(99,599)
120,000
274,599 ‑ ‑ 20,401
300,864 422,955 (402,625) ‑
‑
‑
‑
‑
‑		 30,000
12,500
5,000
1,500
1,500		 (30,000)
(12,500)
(5,000)
(1,500)
(1,500)		 ‑
‑
‑
‑
‑

Page
17

Sinfonia
Cymru Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
30
September
2025

PRS
TyCerdd
Totalrestrictedfunds
Totalfunds		 ‑
‑		 9,000
3,500		 (9,000)
(3,500)		 ‑
‑		 ‑
‑
‑ 63,000 (63,000) ‑ ‑
300,864 485,955 (465,625) ‑ 321,194

18. 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.

19. Related
Party
Disclosures

During
the
year,
discussions
continued
with
the
Gregynog
Trust
regarding
a
partnership
between
the
two
organisations.

This commenced
in
the
summer
of
2022
and
sees
Sinfonia
Cymru
creating
annual
residencies
at
Gregynog
Hall.

Sinfonia
Cymru was
introduced
to
Gregynog
Hall
by
Carole‑Anne
Davies,
the
Chair
of
The
Gregynog
Trust.
Carole‑Anne
is
married
to
Sinfonia Cymru
trustee,
Wiard
Sterk.
The
discussions
were
started
with
the
former
Chief
Executive
of
the
Trust
and
have
continued with
her
successor.
Carole‑Anne
made
the
initial
introduction
for
the
two
parties
and
during
the
handover
period
between
her Chief
Executives,
she
maintained
a
holding
relationship
with
Sinfonia
Cymru.

Also
during
the
year꞉

Alistair
Vennart

Trustee

for
creating
musical
arrangements
for
the
organisation
totalling
£2358.70
during
the
year.
Alistair
is
an
established
arranger of
musical
works,
and
received
payment
in
line
with
industry
standards.

Page
18

Sinfonia
Cymru Detailed
Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) For
The
Year
Ended
30
September
2025

INCOMEANDENDOWMENTSFROM꞉
Donationsandlegacies
Donationsandgifts
Giftaid
Generalgrantsprovidedbygovernment/publicsector
CharitableActivities꞉
ConcertsandPerformances
Grants
ConcertsandPerformances
Projectincome
CreativeLearningIncome
CreativeLearningIncome
Projects
Grants
Projectincome
Investments
Interestonshorttermdeposits
Interestincome
Other
OrchestralTaxRelief
TheatreTaxRelief
EXPENDITUREON꞉
Raisingfunds
Advertising,marketing,directmailandpublicity
Advertisingandmarketingcosts
Accountancyfees
Independentexaminer'sfees
CharitableActivities꞉
ConcertsandPerformances
ConcertandPerformances
StaffWages		 2025
Total
funds
£
1,750
362
219,310		 2024
Total
funds
£
6,817
1,066
220,762
228,645
55,000
40,218
‑
95,218
167
167
8,000
36,204
44,204
‑
579
579
87,609
29,533
117,142
485,955
(12,668)
‑
‑
‑
(12,668)
(299,485)
(111,989)
...CONTINUED
221,422
47,175
38,200
32,098
117,473
‑
‑
25,000
100
25,100
41
‑
41
89,924
15,170
105,094
469,130
(66)
(34,912)
683
(683)
(34,978)
(304,042)
‑

Page
19

Sinfonia
Cymru Detailed
Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) (continued) For
The
Year
Ended
30
September
2025

EmployersNI
Employerspensions‑definedcontributionsscheme)
Otherstaffcosts
Projects
ConcertandPerformances
Other
Stafftraining
Travelandsubsistenceexpenses
Staffwages
StaffWages
EmployersNI
Employerspensions‑definedcontributionsscheme)
Other
Depreciation
Professional,LegalandConsulting
GeneralAdministrative
NET(EXPENDITURE)/INCOME		 ‑
‑
‑		 (3,525)
(5,325)
(2,996)
(304,042)
(57,401)		 (423,320)
(8,000)
(57,401)
(549)
(2,013)		 (8,000)
‑
‑
(2,562)
(127,118)
(4,723)
(6,116)		 ‑
‑
‑
‑
(137,957)
(1,422)
(10,445)
(9,119)		 ‑
(1,318)
(13,767)
(6,552)
(20,986) (21,637)
(557,926) (465,625)
(88,796) 20,330

Page
20