## **KENSINGTON SYMPHONY ORCHESTRA** ## **Trustees’ Report for the 2020/21 Season** In common with most arts organizations the Kensington Symphony Orchestra’s 65[th] season was severely disrupted due to the COVID-19 pandemic and the restrictions placed on performances and group gatherings. Whilst laying successive contingency plans in the hope that restrictions would be lifted in the end the whole concert season was unfortunately cancelled. In order to maintain some degree of continuity, we were able to arranged three one-off repertoire days studying and then playing through (behind closed doors and under social distancing conditions) Dvorak’s 8[th] , Tchaikovsky’s 6th and Rachmaninov’s 2[nd] symphonies (the last under the baton of guest conductor Paul Hoskins, the former two directed by the Orchestra’s Artistic Director, Russell Keable Despite a greatly reduced income the Orchestra was shielded from the financial impact of the pandemic thanks to the continued sponsorship and support from the Cuthbert Horn Trust the generosity of members of our Friends’ Scheme, and from members of the Orchestra who continued to pay membership fees regardless. The financial result for the year saw a small surplus after investment in marketing assets for the future, chiefly the planning of a refreshed website. The Trustees were again grateful to Jane Spencer-Davis BA FCCA CTA for her independent examination of the final accounts Before the year expired the Trustees had set a programme and budget for 2021/22 and made initial plans for the 2022/23 season. Following the positive financial position at the end of the 2020/21 season the Orchestra continues to enjoy sufficiently healthy reserves to enable Trustees and members to look forward to an ambitious and challenging resumption of its activities when circumstances in its 66[th] and 67[th] seasons. N J Rampley Secretary Charity No. 1069620 |**KSO actuals Sept 2020 - Aug 2021**|**KSO actuals Sept 2020 - Aug 2021**|**KSO Accounts Sept 2020 - Aug 2021**| |---|---|---| |||**Year start**| |2020/21
2020/21
2019/20
2018/19
2017/18
2016/17
2015/16||**_Represented by:_**| |**ACTUALS**
**BUDGET**
**ACTUALS**
**ACTUALS**
**ACTUALS**
**ACTUALS**
**ACTUALS**
(reforecast
**Concert & rep day costs**
_post-Covid)_||**KSO current account**
**6,690.53**
**£**| |||**KSO Productions Ltd account**
**9,894.59**
**£**| |||Prepayments/debtors
12,499.54
£| |Venue hire incl. commission
16.7
30.9
21.3
27.8
18.6
Rehearsal hall hire
6.0
5.6
7.0
10.4
10.0
10.6
10.1
Music & instrument hire
0.8
0.7
9.1
7.3
9.8
11.6
11.0
Conductors
1.5
1.4
9.0
10.0
10.6
10.8
9.7
Soloists and other musicians
1.2
1.3
7.8
11.2
12.2
12.5
8.6
Other
0.2
0.4
1.4
2.3
1.9
3.3
1.7||Creditors
(366.60)
£| |||**KSO savings account**
**73.27**
**£**| |||_Of which CHT/Outreach fund_
_9,212.05_
_£_| |||_Of which savings_
_1,527.72_
_£_| |||_Loan during year for cash flow_
_(9,000.00)_
_£_| |||**Total**
**30,457.83**
**£**| |**Total concert costs**
**9.6**
**9.4**
**51.0**
**72.0**
**65.9**
**76.7**
**59.7**||| |**Concert income**||**Movements**| |||Profit/loss on year
1,252.83
£| |Ticket & programme sales
0.2
0.0
17.5
28.6
25.2
44.8
20.5
Subs & reclaimed tax
9.1
7.3
23.4
27.4
27.4
27.0
26.7
Sponsorship
2.0
3.4
3.5
2.9
5.3
OTR
6.3
9.9||KSOP income
-
£| |||Interest on savings
0.38
£| |||**Total**
**1,253.21**
**£**| |||| |**Total concert income**
**9.2**
**7.3**
**49.2**
**69.3**
**56.1**
**74.7**
**52.5**||**Year end**| |||**_Represented by:_**| |**Profit/loss on concerts & rep days**
**-0.3**
**-2.1**
**-1.9**
**-2.8**
**-9.8**
**-2.0**
**-7.2**||**KSO current account**
**7,550.59**
**£**| |**Profits from other activities**
**6.1**
**1.7**
**5.3**
**5.1**
**4.8**
**6.4**
**6.4**||**KSO Productions Ltd account**
**9,758.29**
**£**| |||Prepayments/debtors
3,858.51
£| |**Additional expenditure**
**-4.5**
**-2.6**||Creditors
(1,197.00)
£| |||**KSO savings account**
**11,740.65**
**£**| |**Profit/loss total**
**1.3**
**-0.4**
**0.8**
**2.3**
**-5.0**
**4.3**
**-0.7**||_Of which CHT/Outreach fund_
_9,212.05_
_£_| |||_Of which savings_
_4,528.60_
_£_| |||_Loan still owed_
_(2,000.00)_
_£_| |||**Total**
**31,711.04**
**£**| |||| |||| |||| |||**Endowment Trust**| |||**Year start**
8,596.65
£
Income
74.93
£
Expenditure
-
£| |||**Year end**
**8,671.58**
**£**| |||| ## **KSO actuals Sept 2020 - Aug 2021: Rep Day breakdown** |Value||Budget/Actual|Concert|Concert||| |---|---|---|---|---|---|---| |||Actual||**Actual Total**|**Budget**|**_Variance_**| |Credit/Debit|Category|**Rep Day Oct**|**Rep Day Jun**
**Rep Day Jul**
**Rep Day Aug**|||| |Expenditure|Rehearsal hall hire|1,140.00
£|1,560.00
£
1,560.00
£
1,740.00
£|6,000.00
£|5,640.00
£|_200.00_
_£_| ||Instrumenthire|125.00
£|220.00
£
125.00
£
250.00
£|720.00
£|520.00
£|_360.00_
_£_| ||Musichire|37.00
£|38.64
£|75.64
£|160.00
£|_84.36_
_£_| ||Conductor|405.07
£|350.00
£
350.00
£
350.00
£|1,455.07
£|1,400.00
£|_55.07_
_£_| ||Other musicians (inc chorus and soloist)|360.00
£|360.00
£
280.00
£
160.00
£|1,160.00
£|1,260.00
£|_100.00_
_£_| ||Misc|42.25
£|42.25
£
42.25
£
42.25
£|169.00
£|400.00
£|_231.00_
_£_| |**Expenditure To**|**tal**|**2,109.32**
**£**|**2,532.25**
**£**
**2,357.25**
**£**
**2,580.89**
**£**|**9,579.71**
**£**|**9,380.00**
**£**|**_199.71_**
**_£_**| |Income|Tickets||40.00
£
105.00
£
25.00
£|170.00
£||_170.00_
_£_| ||Subs|2,043.75
£|2,028.75
£
1,743.75
£
1,958.75
£|7,775.00
£|6,040.00
£|_1,735.00_
_£_| ||GiftAid tax refund|323.53
£|323.53
£
323.53
£
323.54
£|1,294.13
£|1,270.00
£|_24.13_
_£_| |**Income Total**||**2,367.28**
**£**|**2,392.28**
**£**
**2,172.28**
**£**
**2,307.29**
**£**|**9,239.13**
**£**|**7,310.00**
**£**|**_1,929.13_**
**_£_**| |**Profit/Loss**||**257.96**
**£**|**139.97**
**-£**
**184.97**
**-£**
**273.60**
**-£**|**340.58**
**-£**|**2,070.00**
**-£**|**_1,729.42_**
**_£_**| ## **Profits from other activities** |**Profits from other activities**||||| |---|---|---|---|---| |**Sum of Amount**
**Category**|**Description**|**Credit/Debit**|**Concert**
**Other**
**Budget**|**Budget/Actual**
**Actual**| |**Friends**|**Donation**|**Credit**|1,500.00
£|1,115.00
£| |**Friends Total**|||**1,500.00**
**£**|**1,115.00**
**£**| |**Amazon**|**Income**|**Credit**|200.00
£|155.09
£| |**Amazon Total**|||**200.00**
**£**|**155.09**
**£**| |**Donation**|**Gift aid tax**
**Donation**
**Cuthbert Horn Trust**|**Credit**
**Credit**
**Credit**||1,073.94
£
660.00
£
3,000.00
£| |**Donation Total**||||**4,733.94**
**£**| |**Giving Machine**|**Donation**|**Credit**||92.38
£| |
**Giving Machine Total**||||**92.38**
**£**| |**Grand Total**|||**1,700.00**
**£**|**6,096.41**
**£**| ## **Additional expenditure** |**Additional expenditure**||||| |---|---|---|---|---| |**Sum of Amount**
**Category**|**Description**|**Credit/Debit**|**Concert**
**Other**
**Budget**|**Budget/Actual**
**Actual**| |**Music Director fee**|**Conductor**|**Debit**|(1,500.00)
£|(1,500.00)
£| |**Music Director fee Total**|||**(1,500.00)**
**£**|**(1,500.00)**
**£**| |**Marketing**|**Marketing - website**|**Debit**|(3,000.00)
£|(2,394.00)
£| |**Marketing Total**|||**(3,000.00)**
**£**|**(2,394.00)**
**£**| |**Additional expenditure**|**Making music subs**|**Debit**|(600.00)
£|(609.00)
£| |
**Additional expenditure Total**|||**(600.00)**
**£**|**(609.00)**
**£**| |**Grand Total**|||**(5,100.00)**
**£**|**(4,503.00)**
**£**| Ir)dependent examiner's report to the trustees of Kensington Symphony Orchestra I report to the trustees on my examinatton of the accounts of the Kensington Symphony Orchestra Ithe Trustl for the year ended 31 August 2021. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordonce with the requirements of the Charities Act 20111.the Att'l. I report in respett of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Oirections given by the Charity Commission under section 1451511bl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in respect of the Trust as required by section 130 of the Act- or 2. the accounts do not accord with those records- or 3. the accounts do not comply with the applicable requirements concerning the form and content of account5 set out in the Charities IAccounts and Reports) Regulation5 2008 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. I have no concern5 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. lane Elizabeth Spencer-Davis BA FCCA CTA 4-6 Peterborough Road Harrow HAI 2BQ 17 June 2022