Kensington Symphony Orchestra Annual Review 2021-22
The Autumn Term of 2021 commenced under the shadow of the recent epidemic, the lockdown effects of which had only just been lifted. The decision was made to try to run the orchestra in the same way as before rather than adopting a wholly different model. However, the usual concert run of six productions was reduced to five, and a long ‘repertoire day’ was inserted where a concert is usually staged, in Spring.
Happily, most of the orchestra players decided to return, so participant numbers returned immediately to normal. As regards those who decided not to return, these were speedily replaced. The orchestra would like to record its thanks and appreciation for those players who, whilst serving in the past, decided not to return after the pandemic.
The concern about potentially lightweight audiences proved unfounded. In particular, the winter audience for the Queen Elizabeth Hall was large and contained a gratifying proportion of younger people. From this it seemed safe to conclude that the potential chilling effect of fear of illness would be unlikely to apply to our audiences, which optimism was supported by subsequent events.
This allowed the charity to continue with the same financial model as before, and the finances for the year proved robust.
The charity receives operating funds from contributions paid by participants, ticket money, donations from well-wishers, and occasional assistance from foundations. Of these, the first two categories provide the majority. It was therefore particularly relevant that participants and audience members would feel that they could afford to continue their financial support following the impacts of the epidemic, which they proved able to do. The orchestra thanks these, and the other categories of funder, for the resilient approach to allowing the charity to continue its operations through a strong financial performance.
The repertoire choices remained ambitious, albeit somewhat less esoteric than in the recent past. The strong recovery from the national crisis has allowed a full resumption of ambitious programming for the following year as a consequence. This has allowed the orchestra to programme the traditional six concerts for the following year, including an ambitious concert production of a major British opera, which will be commented on further in the next Annual Report
Graham P Elliott Secretary
KSO actuals Sept 2021 - Aug 2022
KSO Accounts Sept 2021 - Aug 2022
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Year start
2021/22 2021/22 2020/21 2019/20 2018/19 2017/18 2016/17 2015/16 Represented by:
ACTUALS BUDGET ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS ACTUALS KSO current account £ 7,550.59
KSO Productions Ltd account £ 9,758.29
Concert costs Prepayments/debtors £ 3,858.51
Venue hire incl. commission 21.16 22.70 16.7 30.9 21.3 27.8 18.6 Creditors £ (1,197.00)
Rehearsal hall hire 12.56 12.82 6.0 7.0 10.4 10.0 10.6 10.1 KSO savings account £ 11,740.65
Music & instrument hire 10.47 9.12 0.8 9.1 7.3 9.8 11.6 11.0 Of which CHT/Outreach fund £ 9,212.05
Conductors 9.83 9.23 1.5 9.0 10.0 10.6 10.8 9.7 Of which savings £ 2,528.60
Soloists and other musicians 12.20 14.44 1.2 7.8 11.2 12.2 12.5 8.6 Total £ 31,711.04
Other 1.07 2.97 0.2 1.4 2.3 1.9 3.3 1.7
Total concert costs 67.28 71.3 9.6 51.0 72.0 65.9 76.7 59.7 Movements
Profit/loss on year £ 12,061.11
Concert income
Ticket & programme sales 31.74 26.12 0.2 17.5 28.6 25.2 44.8 20.5 Interest on savings £ 8.00
Subs & reclaimed tax 34.23 29.43 9.1 23.4 27.4 27.4 27.0 26.7 Total £ 12,069.11
Sponsorship 0.46 0.60 2.0 3.4 3.5 2.9 5.3
OTR 13.69 13.50 6.3 9.9 Year end
Total concert income 80.1 69.6 9.2 49.2 69.3 56.1 74.7 52.5 Represented by:
KSO current account £ 7,948.14
Profit/loss on concerts 12.8 -1.6 -0.3 -1.9 -2.8 -9.8 -2.0 -7.2 KSO Productions Ltd account £ 3,500.93
Prepayments/debtors £ 29,917.78
Profits from other activities 1.87 5.2 6.1 5.3 5.1 4.8 6.4 6.4 Creditors £ (9,549.47)
Additional expenditure -2.7 -2.8 -4.5 -2.6 KSO savings account £ 10,323.39
Of which CHT/Outreach fund £ 12,064.05
Profit/loss total 12.1 3.6 1.3 0.8 2.3 -5.0 4.3 -0.7 Of which savings £ 2,535.59
Loan from savings £ (5,000.00)
Compensation for Mahler3 music hire £ 585.08
1000 Compensation 21/22 prepayments £ 1,879.30
Profits TOTAL 84.94 -1 ET moneys move correction -825
Loss TOTAL -69.93 12.07 0.000 Total £ 43,780.15
15.01
Endowment Trust
Year start £ 8,671.58
Interest £ 5.73
updated on 2023.06.24 Donations £ 90.00
Expenditure £ (105.00)
ET year end £ 8,662.31
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Value Concert Actual
01 October 02 November 03 January 05 May 06 July 04 Rep Day Feb 04b Rep Day April Grand Total Total
Credit/Deb Category Description Budget Actual Budget Actual Budget Actual Budget Actual Budget Actual Budget Actual Budget Actual Budget Actual
Concert venue Concert Hall Hire £ (3,500.00) £ (2,580.00) £ (3,500.00) £ (2,580.00) £ (5,160.00) £ (5,167.81) £ (3,600.00) £ (4,472.40) £ (4,980.00) £ (5,397.91) £ (40,938.12) -£ 20,740.00 -£ 20,198.12
Ticket commission £ (500.00) £ (344.16) £ (500.00) £ (306.43) £ (80.00) £ (294.13) £ (500.00) £ (376.00) £ (21.17) £ (2,921.89) -£ 1,956.00 -£ 965.89
Friends Friends Catering £ (107.76) £ (107.76) £ - -£ 107.76
Rehearsal costs Rehearsal Hall Hire £ (1,800.00) £ (1,882.50) £ (1,800.00) £ (1,972.50) £ (2,170.00) £ (1,845.00) £ (2,790.00) £ (3,150.00) £ (1,440.00) £ (810.00) £ (1,260.00) £ (1,250.00) £ (1,560.00) £ (1,650.00) £ (25,380.00) -£ 12,820.00 -£ 12,560.00
Instrument hire Other instrument hire from hall £ (230.00) £ (210.00) £ - £ - £ - £ - £ - £ - £ (440.00) -£ 230.00 -£ 210.00
Percussion hire £ (1,250.00) £ (1,030.00) £ (270.00) £ (260.00) £ (970.00) £ (960.00) £ (860.00) £ (825.00) £ (560.00) £ (865.00) £ (250.00) £ (325.00) £ (250.00) £ (220.00) £ (8,895.00) -£ 4,410.00 -£ 4,485.00
Music Hire/purchase £ (766.25) £ (836.05) £ (582.75) £ (212.00) £ (588.88) £ (584.25) £ (963.80) £ (1,327.75) £ - £ (813.17) £ (265.00) £ (265.00) £ (265.00) £ (100.00) £ (7,569.90) -£ 3,431.68 -£ 4,138.22
Music Hire/purchase Performing rights £ (150.00) £ (97.88) £ (150.00) £ (150.00) £ (667.57) £ (150.00) £ (189.38) £ (150.00) £ (189.22) £ (1,894.06) -£ 750.00 -£ 1,144.06
Postage £ (60.00) £ (59.29) £ (60.00) £ (14.82) £ (60.00) £ (55.40) £ (60.00) £ (257.63) £ (60.00) £ (38.50) £ (50.09) £ (12.40) £ (788.13) -£ 300.00 -£ 488.13
Music Director fee Conductor £ (1,775.00) £ (1,775.00) £ (1,775.00) £ (1,775.00) £ (1,775.00) £ (1,775.00) £ (1,775.00) £ (2,375.00) £ (1,775.00) £ (1,775.00) £ - £ (350.00) £ (350.00) £ (19,050.00) -£ 9,225.00 -£ 9,825.00
Sectional conductor Brass Sectional Coach Wind Sectional Coach £ £ (100.00)(125.00) £ (125.00) £ £ (100.00)(125.00) £ (125.00) £ £ -- £ £ (100.00)(125.00) £ (125.00) £ £ (100.00)(125.00) £ £ (400.00)(875.00) -£ -£ 400.00500.00 -£ £ 375.00-
Debit Harp playerChorus £ (250.00) £ (205.00) £ - £ (280.00) £ (235.00) £ £ (600.00)(440.00) £ £ (1,193.46)(410.00) £ - £ (235.00) £ (157.00) £ (157.00) £ £ (1,793.46)(2,369.00) -£ -£ 1,127.00600.00 -£ -£ 1,193.461,242.00
Leader £ (705.00) £ (633.00) £ (705.00) £ (633.00) £ (705.00) £ (705.00) £ (705.00) £ (705.00) £ (705.00) £ (638.00) £ (295.00) £ (160.00) £ (295.00) £ (160.00) £ (7,749.00) -£ 4,115.00 -£ 3,634.00
Musician fees Pianist £ (141.00) £ (140.80) £ - £ (174.00) £ (174.00) £ (308.00) £ (188.00) £ - £ (1,125.80) -£ 623.00 -£ 502.80
Prin. cellist £ (605.00) £ (579.00) £ (605.00) £ (579.00) £ (605.00) £ (579.00) £ (605.00) £ (579.00) £ - £ - £ - £ (4,736.00) -£ 2,420.00 -£ 2,316.00
Soloist £ - £ - £ (1,250.00) £ (800.00) £ (600.00) £ (600.00) £ (850.00) £ (850.00) £ (4,950.00) -£ 2,700.00 -£ 2,250.00
Bass player £ (300.00) £ (415.00) £ (400.00) £ (394.80) £ (400.00) £ (250.00) £ (400.00) £ (400.00) £ (130.00) £ (130.00) £ (3,219.80) -£ 2,160.00 -£ 1,059.80
Leaflets £ (30.00) £ (30.00) £ (300.00) £ (300.00) £ (30.00) £ (690.00) -£ 690.00 £ -
Marketing Programme commission £ (175.00) £ (175.00) -£ 175.00 £ -
Programme printing £ (150.00) £ (97.03) £ (150.00) £ (88.53) £ (420.00) £ (134.61) £ (350.00) £ (152.77) £ (150.00) £ (109.54) £ (1,802.48) -£ 1,220.00 -£ 582.48
Misc - flowers £ - £ - £ (50.00) £ (60.00) £ (50.00) £ (160.00) -£ 160.00 £ -
Misc Misc - general £ (95.00) £ (95.00) £ (95.00) £ (95.00) £ (95.00) £ (20.00) £ (20.00) £ (515.00) -£ 515.00 £ -
Misc - RK copying etc £ - £ - £ - £ - £ - £ - £ - £ -
Sponsorship Sponsorship £ - £ - £ - £ - £ - £ - £ - £ -
Debit Total £ (12,532.25) £ (11,009.71) £ (10,847.75) £ (8,941.08) £ (15,407.88) £ (14,226.77) £ (15,386.80) £ (16,658.15) £ (11,846.00) £ (11,742.51) £ (2,377.00) £ (2,207.09) £ (2,870.00) £ (2,492.40) £ (138,545.40) -£ 71,267.68 -£ 67,277.72
Friends Friends ticketsFriends subs £ £ 1,679.00583.00 £ £ 1,679.00379.00 £ £ 1,679.001,815.00 £ £ 1,679.00330.00 £ £ 1,679.00848.00 £ £ 8,395.003,955.00 £ £ -- £ £ 8,395.003,955.00
Tickets Outreach donationTickets £ 3,075.00 £ 2,288.00 £ 3,075.00 £ 1,529.40 £ 9,000.00 £ £ 13,038.601,413.00 £ 5,830.00 £ £ 4,086.50735.00 £ 4,240.00 £ 3,942.00 £ £ 50,104.502,148.00 £ £ 25,220.00- £ £ 24,884.502,148.00
Subs - Allocation £ 2,188.40 £ 2,188.40 £ 2,188.40 £ 2,188.40 £ 2,188.40 £ 10,942.01 £ - £ 10,942.01
Subs Subs-concert £ 4,040.00 £ 1,922.00 £ 4,040.00 £ 1,610.00 £ 4,040.00 £ 1,960.00 £ 4,040.00 £ 1,245.00 £ 4,040.00 £ 580.00 £ 27,517.00 £ 20,200.00 £ 7,317.00
Credit Subs - Repertoire Day £ 2,000.00 £ 1,548.00 £ 2,000.00 £ 805.00 £ 6,353.00 £ 4,000.00 £ 2,353.00
Programme sales Programmes £ 100.00 £ 94.00 £ 100.00 £ 80.20 £ 300.00 £ 378.00 £ 300.00 £ 78.00 £ 100.00 £ 125.83 £ 1,656.03 £ 900.00 £ 756.03
Gift Aid tax refund Gift aid tax £ 880.00 £ 880.00 £ 880.00 £ 880.00 £ 880.00 £ 880.00 £ 880.00 £ 880.00 £ 880.00 £ 880.00 £ 500.00 £ 500.00 £ 325.00 £ 325.00 £ 10,450.00 £ 5,225.00 £ 5,225.00
Rehearsal costs Rehearsal Hall Hire £ 37.50 £ 37.50 £ - £ 37.50
Music Hire/purchase Music Hire/purchase £ 345.38 £ - £ 345.38 £ - £ 345.38
Musician fees Bass player £ 72.40 £ 72.40 £ - £ 72.40
OTR OTR £ 1,500.00 £ 1,521.44 £ 3,000.00 £ 3,042.89 £ 3,000.00 £ 3,042.89 £ 3,000.00 £ 3,042.89 £ 3,000.00 £ 3,042.89 £ 27,193.00 £ 13,500.00 £ 13,693.00
Sponsorship Soloist £ 600.00 £ 600.00 £ 600.00 £ -
Credit Total £ 9,595.00 £ 11,155.85 £ 11,095.00 £ 11,461.29 £ 17,220.00 £ 26,394.89 £ 14,650.00 £ 14,610.17 £ 12,260.00 £ 13,323.62 £ 2,500.00 £ 2,048.00 £ 2,325.00 £ 1,130.00 £ 149,768.82 £ 69,645.00 £ 80,123.82
Grand Total £ (2,937.25) £ 146.13 £ 247.25 £ 2,520.21 £ 1,812.12 £ 12,168.12 £ (736.80) £ (2,047.98) £ 414.00 £ 1,581.12 £ 123.00 £ (159.09) £ (545.00) £ (1,362.40) £ 11,223.43 -£ 1,622.68 £ 12,846.11
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Additional expenditure
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Sum of Amount Concert
Category Description Credit/Debit Other
Expenditure Making music subs Debit £ (502.00)
Bank fee Debit £ (188.00)
Misc - Debit £ (13.00)
Expenditure Total £ (703.00)
Music Hire/purchase Postage Debit £ (12.82)
Music Hire/purchase Debit £ (50.00)
Music Hire/purchase Total £ (62.82)
Musician fees Musician fees Debit £ (105.00)
Musician fees Total £ (105.00)
Music Director fee Conductor Debit £ (587.89)
Music Director fee Total £ (587.89)
Marketing Marketing - website Debit £ (1,197.00)
Marketing Total £ (1,197.00)
Grand Total £ (2,655.71)
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Profits from other activities
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Sum of Amount Concert
Category Description Credit/Debit Other
Friends Donation Credit £ 920.00
Friends Total £ 920.00
Amazon Income Credit £ 128.86
Amazon Total £ 128.86
Income Income Credit £ 108.00
Income Total £ 108.00
Donation Donation Credit £ 195.00
Tea and coffee Credit £ 329.00
Donation Total £ 524.00
Giving Machine Donation Credit £ 84.85
Giving Machine Total £ 84.85
Pimlico gig Outreach donation Credit £ 105.00
Pimlico gig Total £ 105.00
Grand Total £ 1,870.71
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Independent examiner's report to the trustees of Kensin8ton Symphony Orchestra I report to the trustees on my examination ol ihe accounts ol the Kensington Symphony Orchestra Ilhe Trustl lor the year ended 31 August 2022. Re5ponsibilitie5 and basis of report As the charity tru5tee5 of the Tfust you are responsible for the preparation of the accounts in accordance with the requiremonts of thc Charities Aci 20111.the Act'l. I report in respect of mv 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 Directions given by Ihe Charity Comm15sion under section 14515llbl of the Act. Independent examiner'5 5tatefflent I have completed my examination. I confifm that no material matters have come to my attention in connection with the examination giving rne cause to believe that in any material respect: l. accounting records were not kept in respect of the Trust as reqijired by section 130 of the Act,. or 2. the accounts do not accord with those record5,' or 3. the accounts do not comply with the applicable requirements concerning the form and content of account5 set out In the Charitie5 IAccounts and Rcportsl Rogulations 2008 other th3n any requirement that the accounts give a 'true and fair view which is not a matter considered as part ol an independent exatnination. 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. Jane Elizabeth Spencer-Davi5 BA FCCA CTA 4-6 Peterborough Road Harrow HAI 2BQ 26 June 2023