REGISTERED COMPANY NUMBER: 02098243 (England and Wales)
REGISTERED CHARITY NUMBER: 1083071
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
THE WELSH CHAMBER ORCHESTRA LIMITED
Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

THE WELSH CHAMBER ORCHESTRA LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Report of the Trustees
Indépendent Examinerfs Report
Statement of Flnan¢ial Activities
Balance Sheet
5 to 6
Notes to the Financial Statements
7 to 13
Detalled Staternent of Flnanclal Actlvltles
14

THE WELSH CHAMBER ORCHESTRA LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, presenl their
report with the financial statements of tha charity for Ihe year ended 31 March 2025. The trustees have adopted
the provisions of 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 IFRS 102) {effeclive 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The core aims of the Welsh Chamber Orcheslra are to promote the enjoyment, by the public, of chamber
orchestral music in Wales by performances of the highest professional standards, and to promote the enjoyment
and development of chamber orchestral music in schools through workshops and schools concerts.
Significant activities
The orchestra performed 121ive concerts be￿een 1 April 2024 and 31 March 2025. The venues were.. Canolfan
8eaumaris as part of the Beaumaris Festival,. The Met, Abertillery., The Lyric Theatre, Carmarthen., St Andrew's
Church. Curry Rivel., Blaéngarw Workmen's Hall- Welshpool Methodist Church., Ucheldre Holyhead,. The
Tabemacle, Machynlleth,. The Welfare, Yslradgynlais- St Elli's Church, Llanelli,. Haverhub. Haverfordwesl., and
Rhyl Town Hall (Rhyl Music Clubl.
All concerts were received with significant success with repertoire including works by Mozart, Haydn, Tchaikovsky
and Borodin alongside a newly commissioned work by Alex Mills.
Soclal investments
The Iruslees have had due regard lo the Charity Commission's guidance on public benefit.
FINANCIAL REVIEW
Financial position
There was a deficit of income over expenditure for the year of £19,64712024 £14,977 deficit) The balance of
reserves as at 31 March 2025 was £27,247 12024 - £46.894}.
The Welsh Chamber Orchestra was in receipt of grants from Arts Council ofwales.
Resenies policy
The directors have established a policy whereby unrestricted funds not committed or invested in tangible fixed
assets I'the free reserves'l held by the charity should be be￿een 3 and 6 months of the resources expended
which equates to £2,000 and £2.500 in general funds.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisalion is a charitable cornpany limited by guarantee, incorporated on 10 February 1987 and registered
as a charity on 27 October 2000.
The company was established under a Memorandum of Association which establishes the objects and powers of
the charitable company and is governed by ils Articles of Association.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02098243 IEngland and Wales)
Registered Charity number
1083071

THE WELSH CHAMBER ORCHESTRA UMITED (REGISTERED NUMBER: 02098243)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2026
Reglstered office
Court Hous8
Court Road
Bridgènd
CF311BE
Trustees
Capt Sir N Uoyd - E￿ardS
APHose
Canon G W A Holcombe
Mrs K M Phelpg
Conwny Secretary
D J Phdps
Independent Examlnèr
Grdham Paul Limited
Court House
Court Road
Bridgend
CF311BE
Approved by order of the board of trustee$ on ,..
and slgned on its behalf by.
CJ J Phelps
lary

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE WELSH CHAMBER ORCHESTRA LIMITED
Independent examinerfs report to the trustees of The Welsh Chamber Orchestra Llmited ('the Company'l
I report to the charity Iruslees on my exarnination of the accounts of the Company for the year ended
31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Acl'}.
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 {'Ihe 2011 Acl'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145{51 Ib) of the 2011
Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe..
accounting records were not kept in respect of the Company as requiréd by Section 386 of th8 2006 Act.
or
the accounts do not accord with those records., or
the accounts do not comply with th& accounting requirements of Section 398 of the 2006 Act other than
any requiremenl that the accounts give a true and fair view which is not a maller considered as part of an
independent examination., or
the a¢¢ounls have not been prepared in accordance with the methods and principles of the Slalemenl of
Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 10211.
I have no concerns and have come across no other mattèrs in connection with the 8xamination lo which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J Payne ACA
Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

THE WELSH CHAMBER ORCHESTRA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
{INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,550
51,063
52.613
27,500
Other trading activities
Investment income
Other income
15,000
342
31.069
15,000
342
31,069
11,893
145
34,861
Total
47.961
51,063
99,024
74,399
EXPENDITURE ON
Raising funds
5,686
5,686
11,703
Charltable actlvltles
Concerts
39,422
73.563
112,985
77,673
Total
45,108
73,563
118,671
89.376
NET INCOMEIIEXPENDITURE)
2,853
(22,500}
119.6471
(14,977)
RECONCILIATION OF FUNDS
Total funds brought forward
24,394
22,500
46.894
61,871
TOTAL FUNDS CARRIED FORWARD
27,247
27,247
46,894
The notes form part of these financial statements

THE WELSH CHAMBER ORCHESTRA LIMITED
BALANCE SHEET
31 MARCH 2025
2025
2024
Notes
FIXED ASSETS
Tangible assets
75
93
CURRENT ASSETS
Cash at bank and in hand
29.032
48,601
CREDITORS
Amounts falling du8 Wlthin one year
10
{1,8601
(1,800}
NET CURRENT ASSETS
27,172
46,801
TOTAL ASSETS LESS CURRENT
LIABILITIES
27,247
46,894
NET ASSETS
27,247
46,894
FUNDS
Unrestricted funds
Restricted funds
12
27.247
24,394
22,500
TOTAL FUNDS
27,247
46,894
The charitable company is enlilled to éxemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 March 2025.
The members have not required the company lo obtain an audit of ils financial statements for the yèar ended
31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
la)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of
the Companies Act 2006 and
preparing financial statements which give a true and fair view of the slate of affairs of the charitable
company as al the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which olherwise comply wilh the
requirements of the Companies Acl 2006 relating to financial slatemenls, so far as applicable lo the
charitable company.
(b)
The notes fomi part of these financial slalements

THE WELSH CHAMBER ORCHESTRA UMITED
BALANCE SHEET- continued
31 MARCH 2025
These financial $latem8nls havé been prepared In aca)rdanc£ with the promsions appliG8ble to charitsble
companies subject to the small mmpani8s regime.
The fin
na
I statements were approved by the Board of TNstees and authorised for issue on
and were signed on its behalf by..
N Uoyd- E￿ard8- Trustee
K M Phelps- Trustee
The notes form part of these finanaal statements

THE WELSH CHAMBER ORCHESTRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial slalements of the charitable company, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP {FRS 1021 'Accounling and Reporting by Charities=
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
thè FInanc￿al Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1
January 20151,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland,, and the Companies Act 2006. The financial slalements have been prepared
under the historical cost convention.
Income
All income is recognised in the Slalement of Financial Activities once the charity has enlitlemenl lo the
funds, it is probabla that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or conslnjclive obligation committing
the charity lo that expenditure, il is probable that 8 transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be directly allributed lo particular headings they have been allocated lo activitl8s on a
basis consistent wilh the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset ov8r its eslimaled
useful life.
Fixlures and fittings
20 /0 on reducing balanc8
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives al the discretion of th8
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of Ihe charity.
Restrictions arise when specified by the donor or when funds are raised for particular reslricled purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.

THE WELSH CHAMBER ORCHESTRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
OTHER TRADING ACTIVITIES
2025
2024
Income from concerts
15,000
11,893
INVESTMENT INCOME
2025
2024
Deposit account interest
342
145
RAISING FUNDS
Raising donations and18gacies
2025
2024
Postage and stationery
Sundries
Depreciation
Support costs
23
117
23
11,540
1,333
18
4,324
5,686
11.703
NET INCOMEI(EXPENDITUREI
Nel incoméllèxpendilur&l is staled after chargingllcrediting)..
2025
2024
Depreciation - owned assets
Independent Examiner's Fee5
18
1,500
23
1,440
TRUSTEES. REMUNERATION AND BENEFITS
The following trustees received payments during the year in respect of adminislralion work Garried out..
Mr D Phelps £1.90012024 - NIL)
Mrs K Phelps NIL {2024 - £9,500)
The following trustees rèc8ived payments during the year in respect of musical duties and expenses..
Mr A Hose £15,000 {2024 - £11,250)
Mr D Phelps NIL12024 - £54)
Mrs K Phelps NIL {2024- £754)
No trustee re￿iVed remuneration in their capacity as trustee.

THE WELSH CHAMBER ORCHESTRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 MARCH 2025
STAFF COSTS
There were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024.
No employees received emoluments in excess of £60,000.
The average number of employees during the year was Nil12023 - Nil)
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricled
funds
R8Stricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and lega¢ies
27,500
27,500
Other trading activities
Investment income
Other income
11,893
145
34,861
11,893
145
34,861
Total
46,899
27,500
74,399
EXPENDITURE ON
Raising funds
11,703
11,703
Charitable activities
Concerts
22,673
55,000
77,673
Total
34,376
55,000
89.376
NET INCOMEIIEXPENDITURE)
12,523
127,500)
114,977)
RECONCILIATION OF FUNDS
Total funds brought fomard
11,871
50,000
61,871
TOTAL FUNDS CARRIED FORWARD
24,394
22,500
46.894

THE WELSH CHAMBER ORCHESTRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
COST
At 1 April 2024 and 31 March 2025
1,354
DEPRECIATION
At 1 April 2024
Charge for year
1,261
18
At 31 March 2025
1.279
NET BOOK VALUE
At 31 March 2025
75
At 31 March 2024
93
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Accrued expenses
1,860
1,800
11.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Reslricled
funds
Fixed assets
Current assets
Current liabilities
75
29,032
11,8601
75
29,032
11,860>
93
48,601
(1,800)
27,247
27,247
46,894
12.
MOVEMENT IN FUNDS
Nel
movement
in funds
At 1.4.24
Al 31.3.25
Unrestricted funds
General fund
24,394
2,853
27,247
Restricted funds
Arts Council of Wales
22,500
122,500)
TOTAL FUNDS
46,894
119,647}
27,247
-10-

THE WELSH CHAMBER ORCHESTRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENOED 31 MARCH 2025
12.
MOVEMENT IN FUNDS - continued
Nel movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Machynlleth Tabernacle Trust
46.411
1.550
143.5581
11.550)
2,853
47,961
145,108)
2,853
Restricted funds
Arts Council of Wales
D'oyly Carte Charitable Trust
Ty Cerdd
M Davies
Vaughan Williams
Oakdale Trust
38,250
6,000
563
3,000
1,250
2,000
160,750)
(6,0001
15631
13,0001
11,2501
12,000)
(22,500}
51.063
173,563)
122,500)
TOTAL FUNDS
99,024
{118,671)
119,647)
Comparatlves for movement in funds
Net
movement
in funds
Al 1.4.23
At 31.3.24
Unrestricted funds
General fund
11,871
12,523
24,394
Restrlcted funds
Arts Council ofwales
D'oyly Carte Charitable Trust
45,000
5,000
122,500)
15,000)
22,500
50,000
127,500)
22.500
TOTAL FUNDS
61.871
114,977>
46,894

THE WELSH CHAMBER ORCHESTRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
12.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
46,899
{34,376}
12,523
Restricted funds
Arts Council ofwales
D'oyly Carte Charitable Trust
27,500
150.000)
{5,000)
122,500)
{5,000}
27,500
155,000)
(27,5001
TOTAL FUNDS
74,399
189,376)
{14.9771
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At 1.4.23
Al 31.3.25
Unrestricted funds
General fund
11,871
15,376
27,247
Restricted funds
Arts Council of Wales
D'oyly Carte Charitable Trust
45,000
5,000
{45,000)
(5,000}
50,000
150.OOQ}
TOTAL FUNDS
61,871
134,624 }
27,247
-12-

THE WELSH CHAMBER ORCHESTRA LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
12.
MOVEMENT IN FUNDS - contlnued
A current year 12 months and prior year 12 months Combined net movement in funds. included in the
above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Machynllelh Tabernacle Trust
93,310
1,550
177.9341
11,550)
15,376
94,860
179,484)
15,376
Restrlcted funds
Arts Council of Wales
D'oyly Carte Charitable Trust
Ty Cerdd
M Davies
Vaughan Williams
Oakdale Trusl
65,750
6.000
563
3,000
1,250
2,000
(110,750>
{11,000>
1563)
{3,000>
11,2501
12,000)
(45,000)
{5.000)
78,563
{128,563)
150,0001
TOTAL FUNDS
173,423
{208,047)
134,624)
13.
RELATED PARTY DISCLOSURES
Details of Iruslees remuneration and benefits are disclosed at Note 6 to the accounts.
There were no r61aled paty transactions for the year enéed 31st March 2025.
-13-