REGISTERED CHAIUTY NUMBER: I(J77033 REPORT OF THE TRUSTEES AND UNAUDfrED FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER 2022 FOR BOLTON SYMPHONY ORCHESTRA Haycs & Co Chartered Accountants Suite 2 Bcswick Houg Greenfold Way Lanc&shire VIN7 3XJ
BOLTON SYMPHONY ORCHESTR CONTEPnS OF THE FINANCIAL STATEMENrs for the yer ended JI Dettmber 2022 Report of the Trn51ee5 IDdependent Exminer's Report Statement of FIMntlal Attfvltles Balance Sheet l¥otes to the Financia] Statements 5 to 8 Detail¢d StstemeDt of Financi*l Art1
BOLTON SYMPUONY ORCHESTIi4 REPORT OF THE TRusfEES for the ytAr ended 31 De(YJnb¢r 2022 The trnste present their rep)rt WAth the financi statements of tbe clwity for the yeax endal 31 ember 2022. The sfv have adopt¢d the provisions of Accounting and R¢porting by Charities: Statem¢nt of Recomtnended Practice applicable lo charities Prq their accounts. in accordance with the Financial Retx)rting StatLdaTd applicable in the UK atMI Rwblic of Ireland (FRS 102) l¢ff#tive l Jonuary 2019). srRUCTURE. GOVERNANCE AND MALYAGEMENT Gov¢nng documeDt The ch£rity ts controlled by its goveming d(KurnenL a deed oftrust and constitutes an unincoryx>rated charity. REFERENCE AND ADMINISTRATtVE DETAIIS Registered Ch8rlty llber 1077033 Principal #ddtws Thevictoria Hall 37-39 Knowsley Street Bolton BLI 2AS StcpheD Mawhinney S Field L Harris L Thread8old (resied 18.9.22) P Cun]iffe M Jone¥ V Greenbaigb {T¢signed 18.922) M Ishen¥04 (appointed 18.9.22) H Wilson (appointed 18.9.22) C Benda1¢ llldependent Examlller Hayes & Co Chartered Accounlants Suite 2 Beswick House Greenfold Way igh Lt&shIrt WN7 3XJ Appmved by orderof the tx)ard of tsusxtts on............ .. .. . . . . and Sied on its behalf by.. M Ishenvo(d- Tn Page I
BOLTOIY SYMPHONY ORCHESTRA STATEMENT OF FINANCIAL ACTThITIES for th¢ ye•r ended 31 De£eWb 2022 2022 Unrwtricted ful 2021 Total funds INCOME Af4D Ef4WWMENfs FROM )natioThs and lega¢ie6 2.765 3358 (hhertrading aclivities 24,945 12.699 Tot*1 27.710 16.057 EXPENDITURE ON Raising funds 25,673 9.029 Other 510 4(K) Tot 26.183 9,429 NET INCOME lJ27 6.628 RECONCILIATION OF FUNDS Total fundsbrought foTw8rd 27291 20,663 TOTAL FUNDS CARIUED FORWARD 28,818 27.291 The notes fom) pajl of fllmicial statements Page 3
BOLTof4 SYMPHONY ORCHESTRA 4LANCE SHEET 31 December 2022 2022 Utyeslricted fvnd 2021 funds Notey FIXED ASSE]S Tangible &%*ts 7.350 7.350 CURRENf ASSETS Dcbtors C&sh at bank and in hand 11,79YI 10.188 7.501 13.218 21,978 20,719 CREDITORS Amount4 falling duev/ithan one year (510) (778) NET CURRENT ASSETS 21,468 19,941 TOTAL ASSETS LE&S CURREf4T LL4BILITIES 28,818 27,291 ET ETs 28,818 27291 UnJrstrAckd 1)d$ 28,818 27.291 TOTAL FUNDS 28.818 27.291 stat¢mm¢5 wff¢ approvcd by th¢ Board of Truslc¢5 and authorisal for ie 011......... and w¢re st8n¢d on its behalf ty. ood- Trnstee The notes fornj part of these financial &taternents Page 4
BOLTON SYMPHONY ORCHESTRA NOTES TO THE FIP4ANCtAL STATEMENTS for the year ended 31 December 2022 AccouffflNG POLICIES Basls of preparing the fillillel statemeDts The fuhClaI statements of the charity, which is a public benefjt LTrtity under FRS 102. havc been prepared in accordance with the Charitits SORP (FRS 102) 'AccDUlltin¥ athd Rrporting by Charitses.. Statement of Recommended Practice applicable to "charities preparing their accounts in accordance wth the FinaJKial Re]Thing Standard applicable in the UK and Republic of 17Eiand (FRS 102) {effeetive l January 2019),, Financial R¢poning Standard 102 Ihe Finan¢ial Reporting St8JMlard applicable ill the UK attd Republic of Jreland, and the Chavities ALX 2011. The finan¢ia] statements have been prwtd under the historical ¢0 convention. Ineome All income is recogni&ed in tbe Statement of Financial Activities once the charity h&$ entitlcmtnt to the it As probable that the incomewill be and the amount Catt be measured reliably. Expendithre Liabiliti are reMll5J as expendiwre as soon as there is a legal or construaive obligati¢)n committing the Charity to that expendJ'tur4 it is probable that a trdt]Bfer ofeconomic benefits will be rqui]td in settlement and the ount of the obligation can be measured reLiably. Expenditure is accounted for on an Ill0]s basis and ba been classified under headings that aggregate all cosi rdated io the category. Ivhere Costs. cajmot be directly altribute)J to pajticular headings they have been allocated to arfivities on a basis wnsist¢nt with the use of r¢sources. Tnglble Ilxéd assets Depreciation is provided at the following annua] eS in order to write off each &sset over its estim8ted useful life. Taxatlon The charity is exempt from tax on its charitable activitiw. Futsd #ecoun¢i Unrestricted fvnds can b¢ usrd in accordan¢e with thechan'tabl¢ objK¢iYis at the di%r¢tion oftlle trustee Restricted funds can only be used for PartiClar restsithd puwes within the objexts of the charity. RestTL10ILs arise when specificd by the donor or when funds ale raised for wi¢ular restricted pUoses. Further explanation of the naDJre and purKK)se of each fimd is included inthe notes to the fman¢ia] dements. OTHER TRADINC ACTIVITIFS 2022 2021 S)nsOrShIps 6,977 35 1,293 16,640 4.751 Programme sales Box offiee incorne 349 7.599 24,945 12.699 Page 5 continued...
BOLTof4 SYMPHONY ORCHESTRA NOTES TO THE FINANCIAL STATEMENfs- efrntlnlled for tbe year ellded 31 Deeeml¥er 2022 TRusfEES' REMUNERATION AND BENEFITS There were no truste&s' remuneration or other benefits for the year ended 31 Dec¢mbK 2022 Dor for the year ended 31 D¢cemb¢r 2021. Trn$tees' expenses Therewerc no trustces, eXlSe$ paid duvingthe yearetthd 31 DnbU 2022 (2021:NIL). COMPARATIVES FOR THE sfATEMENf OF FINANCIAL AcfiviTIES Unrestricted futtd INCOME AND ENDOWMEiYfs FROM DonlOnS and legacies 3,358 othertdiDg actItieS 12,699 Total 16.057 EXPEI¥DITURE ON Raising fu$ 9,029 400 9,429 NET INCOME 6,628 RECOIYCILIATION OF F13NDS Total futtds brought forward 20,663 TOTAL FUIYDS CARRIED FORWARD 27.291 TAP4GIBLE FIXED ASSETS Plant and mxhinery COST At l January 2022 and 3 1 December 2022 7J50 ET BOOK VALUE At 31 December 2022 7.350 At 31 Deeemkr 2021 7,350 Page 6 continued...
BOLTON SYMPHONY ORCHLSTRA NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued for the year ended JI December 2022 DEBTORS: AMOUNfs FALLll¥G DUE WITIIIN ONE ITAR 2022 2021 Trade debtors BSO Lid loan th'ft aid 3,387 7,157 496 6,800 701 11,040 7.501 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Other creditors 510 778 Nct movement in fid$ At 31.12.22 At 1.1.22 UTrrygts4eted fuJMI$ General fund 27.291 1,527 28,818 TOTAL FUIYDS 27,291 1,527 28,818 Net movement in fimds. induded in tk alM)ve are&s follows.. Inming rcsources Resour¢es expended Movement in ndS urtrICted fMlld$ Generdl fund 27,710 (26.183) 1.527 TOTAL FUNDS 27.710 (26,183) ,527 Compgrntives for mov¢m¢llt ltt fvttd8 Nel ovement in fund%. At 31.12.21 At 1.1.21 UDre5trirted fuuds G¢nerai fund 20,663 6,628 27,291 TOTAL FUNDS 20,663 6,628 27,291 continued...
BOLTON SYMPUONY ORCIIESTRA NOTES TO THE FIP4ANCIAL sTATE1&Ts- ¢ontSnued forthe )'eAr eDded 31 December 2022 CompaTative net movement in nd& includd intheatrKJve are as follows: ItOmIng Re5X>Ur Movement resourees expended in fvnds Unrestrkted funds General fund 16,057 (9.429) 6,628 TOTAL FUNDS 16,057 (9.429) 6,628 A e4mt year 12 montlk44nd pri(K year 12 rnon¢hs cornbincd ]x>siti(m is follow8: Net movement in fund5 At 31.12.22 At 1.1.21 Unrestricted fund5 Genera] fvnd 20,663 8,155 28,818 TOTAL FUNDS 20,663 8,155 28,818 A currenl ycar 12 rnonths and prior year 12 rnonths combined ncl rnovernent in included in thc above are as follows: ]ncomhng Resources Movetnent in ndS Unrestrlrted funds General fund 43,767 (35.612) 8,155 TOTAL FUNDS 43,767 (35,6121 8,155 BSLATED PARTY DISCiKYSURES There were no related p8Jty tra]lOn& forthe yearended 31 DecemEer 2022. Page 8
BOLTON SYMPHONY ORCHFSTRA DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 Deeejttber 2022 2022 2021 INCOME AP4D ENDOWMENTS DonAttotts and legades SUbscri10ns 2.765 3,358 Otber trAdkn8 •¢¢lvld¢5 Sponsorships 6,977 35 1293 16,640 4,751 ]¥ogramme sa]es Box office iNome 349 7599 24,945 12,699 TotJ lrteoming resources 27,710 16,057 EXPENDITURE Othertr4ding ¢tivities Production co#$ MiscellaniS 25,666 8,622 407 25,666 9.029 Support Costs Management Postage aTMI atIonery 506 26,183 9,429 Net income 1,527 6,628 This page doe8 Th)t forn part of the statutory financial stenltS Page 9