2025-07-31-accounts

WORTHING PHILHARMONIC LIMITED

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

Doc ID: 9bbd20f389cf8239367b2f92f3e5d8924c31b268

WORTHING PHILHARMONIC LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

TRUSTEES AND PROFESSIONAL ADVISERS

Directors and Charity Trustees

Members of the Board of Trustees are the charity trustees of Worthing Philharmonic Orchestra Limited under charity law and the directors of the charitable company. The members of the Board who served during the year and subsequently are detailed below.

David Holmes (Chairman)

Susan Best

Christopher Dack

Peter Lewis

Registered Office

2 St. Wilfreds Road

Worthing

West Sussex

BN14 8BA

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Doc ID: 9bbd20f389cf8239367b2f92f3e5d8924c31b268

WORTHING PHILHARMONIC LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

The Trustees of Worthing Philharmonic Orchestra Limited (WPO Limited) present their annual report for the year ended 31 July 2025 under the Charities Act 2011. This report has been prepared taking advantage of the exemptions available to small companies under the Companies Act 2006.

STRUCTURE

WPO Limited was established in 1997. It is constituted as a company limited by guarantee registered in England, number 03417001, and is registered with the Charity Commission under charity number 1064019. WPO’s activities are governed by its Memorandum and Articles of Association dated 8 August 1997.

OBJECTIVES AND ACTIVITIES

WPO Limited’s objects as set out in the Memorandum of Association are to promote , improve and develop public education in and appreciation of the art and science of orchestral and instrumental music in all its aspects by the presentation of public concerts and recitals and by the provision of opportunities for musicians to rehearse music and perform music at such concerts and recitals and for the general purposes of such charitable bodies or for such other purposes as shall be exclusively charitable as the trustees may from time to time decide.

The main activities undertaken to further the charity’s purposes for public benefit:

• Weekly rehearsals attended by members totalling over 70;

• At least 6 concerts per year attended by members of the public;

• Over 2000 seats sold per year;

• Liaison with other organisations, such as local amateur choirs and children’s school choirs;

• Educational concerts given for school age children.

In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE:

Thanks to the commitment of our members, paid professional Music Director and Leader(s) our musical standards have increased, significantly, over the past decade.

This has allowed us to perform more demanding works for the benefit of both the charity, our guest performers and our audiences;

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Doc ID: 9bbd20f389cf8239367b2f92f3e5d8924c31b268

WORTHING PHILHARMONIC LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

We have been involved with other organisations and individuals:

• Three local adult choirs

• Local schoolchildren’s choir;

• Talented Instrumental soloists, vocalists and conductors many of whom are young in their careers

• Allowed soloists to perform with us as part of their prize(s) for winning music festivals

FINANCIAL REVIEW

The charity’s total income for the year ended 31 July 2025 was £42,167, compared with £22,111 in the previous year. The charity recorded a net surplus of £13,282 after depreciation, compared with a deficit of £11,830 in the prior year.

The improvement was driven by several key factors, including stronger concert revenue, with net concert income rising from £10,129 to £14,238; the collection of Gift Aid tax relief arrears of £6,245; and higher member subscriptions, which increased from £8,831 to £12,392.

The financial reserves policy is to hold free reserves of up to £10,000 at the end of any financial year. At 31 July 2025, WPO Limited had total reserves of £32,576. These are represented by free reserves of £28,598 and fixed assets of £3,978.

Free reserves are held to ensure financial stability in the event of a large variation in income, maintain a positive cash flow, particularly before concerts, and cover specific future projects. Such projects may be high profile, high cost concerts e.g. anniversary concerts or other activities the trustees and committee choose to undertake to raise the profile of WPO. The Board is comfortable with the current level of free reserves given the current economic climate

GOVERNANCE AND MANAGEMENT

Board of Trustees

There are four members of the Board of Trustees (the Board). The minimum is three, and not subject to any maximum.

Trustees are recruited by being proposed, seconded and voted on at the annual AGM.

Sitting Trustees are re-elected every year.

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Doc ID: 9bbd20f389cf8239367b2f92f3e5d8924c31b268

WORTHING PHILHARMONIC LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2025

Recruitment, induction and training of Trustees

New Trustees are required to attend an induction meeting which explains the objectives of the Charity and the responsibilities of the Trustees.

Organisational management

The members of the Board, as the charity trustees, are legally responsible for the overall management and control WPO Limited. The Board meets at least 3 times a year and acts in the sole interest of WPO Limited.

The day-to-day running of WPO Limited is delegated to a Management Committee, which includes the Chair of the Board, Secretary, Treasurer, Membership Secretary, and one other Director plus the Music Director, who has no voting rights, as a paid employee.

TRUSTEES AND PROFESSIONAL ADVISERS

The Trustees and professional advisers during the year are those listed on page 1.

David Holmes

Chairman

20[th] May 2026

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Doc ID: 9bbd20f389cf8239367b2f92f3e5d8924c31b268

WORTHING PHILHARMONIC ORCHESTRA LIM￿ED BALANCE SHE AS AT 31 JULY 2025 Notes 2025 2024 Fixed assets Tangible assets 3.978 5.078 Current assets Debtors Cash at Bank and in Hand 28.598 14.216 Total 28.598 14.216 Creditors.. amounts fallin8 due withlrb one year Nèt Current assets 28.598 14.216 Total Assets less Total Llabllltle5 32,576 19,294 Assets fund 3,978 5,078 Unrestricted Income Fund 28.598 14.216 32,576 19,294 For the financial year ending 31st July 2025. the ¢ompany was entitled to exemption under section 477 01 the Companies Act 2CKJ6 relatin8 to small companies. No members have required the company to obtain an audit of its a¢¢ounts for the year in question in accordance with section 476 of the Companies Act 21J)6. The director5 acknowledge their re5pon5ibility for tomplying with the requirements ol the Act with respect to accountin8 records and for the preparation ol the accounts. These accounts have been prepared in actordance with the provisions applicable to companie5 subject to the small companies, re8ime. Signed by.. David John Holmes Chairman and Director of Worthing Philharmonic Orchestra Ltd. Company Number 03417￿1 Doc ID". 9bbd20f389cf8239367b2f92f3e5d8924c31 b268

WORTHING PHILHARMONIC ORCHESTRA LIMITED STATEMENT OF FINANCIAL ACTivinES FOR THE YEAR ENDING 31 JULY 2025 2025 Total 2024 Total Income Donations Legacy Members Subscriptions Gift Aid Tax relief Friends Subscriptions Fundraising Interest Net Concert Income 6.391 12,392 6,245 208 2.654 38 14,238 8,831 1.365 855 31 10,129 Totsl Income 42,167 22,111 Income for the period 42,167 22,111 Expenses Pre Concert Expenses Management & Admin New Equipment Professional Fees and Expenses 7,602 11.329 10,597 9,725 8.854 12.519 Totsl Expenditure 27.785 32,842 Net lexpenditurellincome for the year 14.382 110.730) Transfers to Instrument Fund Season Surplus/lDeficitl Less Depreciation 14.382 11.1001 110,7301 ii.iooi Net Surplus/lDeficitl 13,282 111,8301 Doc ID.. 9bbd20f389cf8239367b2f92f3e5d8924c31 b268

NOTE I Percussion Instruments Tangible Fixed Assets rirnpani Totsl Cost or Valuation Additions Cost carried fonvard 5,434.00 11.105.(Kl 16,539.CX) 5,434.00 11,105.00 16,539.00 De reclatlon Balance brought forward Charge for the year Balance carr5ed fonvard 5,034.00 100.00 5.134.00 6.427.00 1,000.00 7.427.00 11,461. I,ioo.(MJ 12.561.00 Net Book Value At beginning of the year Less Depreciation At end of year 400.00 100.00 300.00 4,678.00 1,000.00 3,678.00 5,078.00 I,ioo.00 3,978.00 Doc ID.. 9bbd20f389cf8239367b2f92f3e5d8924c31 b268

Independent examIne￿S report to the trustees of Worthing Philharnionic Orchestra Limited {Charity number 1064019 and Company number 034170011 I report to the charity trustees on my examination of the accounts ofthe Company for the year ended 3110712025. Responslbllltles and basls of report As the charity's trustees of the Company Ivtho are also the directors of the company for the purposes of company lawl, you are responsibk for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2006 {'the 2006 Acri. Having satisfied myseff that the accounts of the Company are not required to be audited for this year 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 Olrt under section 145 of the Charities Act 2011 {'Ihe 2011 Act.). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5llbl of Ihe 2011 Act. Independent examSner's statement I have completed my examination. I confim that no material matters have com8 lo my attention which gives me cause to believe that.. ?￿OuntIng records were not kept in accordance with section 386 ofthe Companies Act 2006,. or . the accounts do not accord with such records.. or the accounts do not compty wrth relevant accounting requirements under section 396 of Ihe Companies Act 2006 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination., or .the accounts have not been prepared in accordan￿ with the CharitEs SORP IFRS1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this re￿rt in order to enable a proper understanding of the aco)unts to be reached. Signed. Cl•AL J(￿. Name.. Clare Martindale Relevanl professional qualrfication or membership of professional bodies (rf any}.. ACCA Address.. 164 Wick Hall, Furze Hill. Hove. BN3 1 NJ Date.. 0510412026 Doc ID.. 9bbd20f389cf8239367b2f92f3e5d8924c31 b268

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Trustees report and accounts combined for CC Title Trustees report a...mbined for CC.pdf File name Document ID 9bbd20f389cf8239367b2f92f3e5d8924c31b268 Audit trail date format MM / DD / YYYY Status Signed

05 / 20 / 2026 Sent for signature to David Holmes ([e-mail]) 08:56:00 UTC by [e-mail] acting on behalf of [e-mail] IP: 80.5.237.33 05 / 20 / 2026 Viewed by David Holmes ([e-mail]) 08:57:00 UTC IP: 80.5.237.33 05 / 20 / 2026 Signed by David Holmes ([e-mail]) 09:01:54 UTC IP: 80.5.237.33 05 / 20 / 2026 The document has been completed. 09:01:54 UTC

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