2021-08-31-accounts - Oxford Philharmonic Orchestra Trust

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		Page
Trustees' Report		1-13
Independent Auditor's	Report	14- 17
Statement of Financial	Activities	18
Balance Sheet		19
Statement ofCash Flows		20
Notes to the Accounts		21 -34

Unrestricted Designated	Unrestricted Designated	E327,292
Other Unrestricted	Income Funds	E103,262
Restricted Income	Funds	f.1,000
Total Charity Funds		E431,554

eference and administra	eference and administra	eference and administra	tive details
Charity number:			1084256
Company		number.	3608496
Registered		Office:	3The Old	Estate Yard
			High Street
			East Hendred
			Wantage
			Oxfordshire
			OX12BJY
Auditors			UHY Ross	Brooke
			Suite I
			Wrndrush	Court
			Abingdon	Business Park
			Abingdon
			OX14 1SY
Bankers			Union Bancaire Privee
			UBP SA
			Seymour Mews House, 26-37 Seymour Mews
			London
			W1H 6BN
Principal	Office		29a Teignmouth Road
			London
			NW2 4EB

					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds	2021	2020
				Note			E	E
Income:
Donations	and grants				968,825	32,450	1,001,275	1,049,161
Income from charitable		activities:
Income from concerts and similar					62,032		62,032	322,236
productions
Investment	income
Total income					1 030,857	32,450	1,063,307	1,371,397
Expenditure:
Expenditure	on charitable	activities:
Operation	of orchestra				995,108		995,108	1,341,472
Community	projects					40,048	40,048	15,962
Educational	projects				8,076		8,076	23,423
Total expenditure					1,003,184	40,048	1,043232	1,380,857
Net income/ (expenditure)			before
investment	gains / (losses)				27,673	(7,598)	20,075	(9/I60)
Transfers between funds
Net income	/ (expenditure)		and net
movement	in funds for	the	year		27,673	(7,598)	20,075	(9,460)
Reconciliation offunds
Total Funds	brought
forward
					402,881	8,598	411,479	420,939
Total funds	carried forward
					430,554	1000	431,554	411479

				Group	Group	Chanty	Charity
				2021	2020	2021	2020
			Note	6	5	f.	f
Fixed assets
Tangible assets			14	5,109	5,836
Investments			15
Total Fixed	Assets			5,109	5,836
Current assets
Debtors			16	125,664	215,955	105,836	122,135
Cash at bank	and	in hand		457,383	383,525	423,744	355,276
Total Current Assets				583,047	599,480	529,580	477,411
Liabilities
Creditors falling due within one			17	(108,366)	(143,837)	(3,600)	(71,587)
year
Net Current	(liabilities) / assets			474,681	455,643	525,980	405,824
Creditors falling due after one			17	(48,236)	(50,000)
year
Net assets				431,554	411,479	525,982	405,826
The funds ofthe		charity:
Unrestricted	income funds		19	430,554	402,881	484,934	397,228
Restricted income		funds	19	1,000	8,598	41,048	8,598
Total charity	funds			431,554	411,479	525,982	405,826

			Oxford	Oxford	Philharmonic	Orchestra	Orchestra	Trust
Statement	ofCash			Flows and Consolidated			Statement of		Cash Flows for
				year ending 31August			2021
						Group		Group	Charity	Charity
					Note	2021f		2020	2021 6	2020 f
Cash used in operating		activities
					22	79,991		100 616	68,468	131,756
Cash flows from investing
activities
Interest income
Purchase oftangible fixed assets						(4,369)		(2,415)
Cash provided by (used in)
investing activities						(4,369		2415
Cash flows from financing
activities
Proceeds/(repayment)	of long-				(1,764)			50,000
term borrowlngs
Cash used in financing		activities
								50,000
Increase/(decrease) in cash and
cash equivalents in the	year
					73,858		148.201		68,468	131,756
Cash and cash equivalents		at	the
beginning ofthe year					383,525		235,324		355,276	223,520
Total cash and cash equivalents
at the end ofthe year
					457,383		383,525		423,744	355,276

Asset Category	Asset Category	Annual
	Plant and machinery	10%
	Fixtures, fittings and equipment	10%
	Motor vehicles	25%
Computer equipment		33%
I)	Debtors

The summar	y financi	al per	formance ofthe charity alone	is:
				2021	2020
				6	6
Income				983,905	992,796
Expenditure	on chaditable		activities	(863,749)	(876,887)
Net income				120,156	115,909
Total funds	brought	forward		405,826	289,917
Total funds	carried	forward		525.982	405 826
Represented	by:
Restricted income funds				1,000	8,598
Unrestricted	income	funds		524,982	397,228
				525,982	405,826

	2021	2020
	6	6
Donations	687,678	1,049,161
Grants	313,597
	1.001,275	1,049,161

				Unmstricted	Unrestricted
				funds	funds
				2021	2020
				6	6
Income from concerts and similar			productions:
Ticket sales				22,343	182,801
Piano Festival income				7,370
Advertising	income and programme		sales	318	5,931
Engagement	fees			6,000	37,206
Orchestra tax credit claimed from HMRC				5	81,365
Other				25,996	14,933
Total income from charitable		activities		62,032	322.236

		2021	2020
Concert costs		445,693	786,673
Workshops	and classes	8,076	23,423
Governance	costs (see note 8)	10,676	7,800
Support costs (see note 8)		578787	562961
		1 043,232	1 380,857

			2021 f	2020f
Donation from Trust			862,331	875,712
Ticket sales			29,713	182,801
Other income			49,684	114,435
			941,728	1,172,948
Cost of sales			(474,914)	(810,096)
Administration	costs		(566,900)	(569,586)
Interest payable
Profit before tax			(100,086)	(206,734)
Orchestra tax credit			5	81,365
			(100,081)	(125,369)
The assets and	liabilities of the subsidiary	were:
Fixed assets			5,109	5,836
Current assets			53,468	122,070
Current liabilities			(104,766)	(72,250)
Non-current liabilities			48,236)	(50,000)
Total net assets			94,425)	5,656
Aggregate share	capital and reserves		(94,425)	5,656

		Basis ofapportionment	General	Governance
			support	function	Total
			6	6	6
Salaries and	wages	General support	372,413		372,413
General office		General support	49,855		49,855
Audit fees		Governance		2,500	2,500
Accountancy	services	Governance		8,176	8,176
Professional	fees	Governance
Consultancy	fees	General support	49,513		49,513
Depreciation		Generalsupport	5,096		5,096
Printing and	stationary	General support	3,265		3,265
Promotional	costs	General support	19,890		19,890
ITcosts		General support	18,462		18,462
Rent		General support	18,000		18,000
Interest and	charges	General support	18,657		18,657
Subscription	s	General support	23636		23,636
Total			578,787	10,676	589,463

		2021	2020
		6	6
Operating leases —equipment		1,183	3,151
Depreciation		5,096	6,095
Bank interest	payable
Auditor's remuneration:
Audit fees		2,500	2,500
Accountancy	services	8,176	5,300

4	Tangible fixed assets - charity (	also comprising tha	t ofthe group)
		Plant 8t	Motor vehicles	Computer	Total
		machinery,		equipment
		fixtures,
		fittings Bt
		equipment	6
		f.
	Cost:
	As at 1 September 2020	14,791	14,700	25,875	55,366
	Additions			4,369	4,369
	Disposals
	As at 31 August 2021	14,791	14700	30,244	59,735
	Depreciation:
	As at 1 September 2020	12,833	14,700	21,997	49,530
	Charge for the year	400		4,696	5,096
	Disposals
	As at 31August 2021	13,233	14,700	26,693	54,626
	Net book value:
	As at 1 September 2020	1,958		3,878	5,836
	As at 31August 2021	1,558		3,551	5,109
15	Investments
			Shares in	Other	Total
	Charity		subsidiary	investments
			undertaktngs
			6
	Cost:
	As at 1 September 2020
	Movement
	As at 31 August 2021

Group
Cost
As at 1 September	2020
Movement
As at 31 August 2021

Sharesin		Other
subsidiary		investments
undertakings
	6

		Group		Charity
		2021	2020	2021	2020
		6	6	6
Trade debtors Other debtors Prepayments	&accrued	35,836 88,428 1A00	110,000 98,924 7,031	35,836 70,000	110,000 12,135
income
		125,664	215,955	105,836	122,135

	Group		Charity
	2021	2020	2021	2020
		6		6
Trade creditors	6,859	3,107
Other creditors &accruals Deferred income (note 18)	24,033 69,000	19,164 111,421	3,600	3,600 67,987
Taxation &social security	8,474	10,145
	108,366	143,837	3,600	71,587

			Group		Charity
			2021	2020	2021	2020
			6	6	6
Bounce	Bank	Loan	48,236	50,000
			48,236	50,000

					Group	Charity
					E	E
Balance	as at 1 September		2020		111,421	67,987
Amount	released	to income	earned from charitable	activities	(111,421)	(67,987)
Amount	deferred	in year			69000
Balance	as at 31	August 2021			69,000

Analysis	of movements	in unrestricted	in unrestricted	funds
	Balance 1			Income	Expenditure	Gains and	Transfers	Funds 31
	September					losses		August
		2020						2021
		E
General	«nd	402,881	1,030,857		(1,003,184)			430,554
Total		402 881	1	030857	(1,003 184)			430,554

	Balance 1	Income	Expenditure	Gains and	Transfers	Funds 31
	September 2019 E			losses	E	August 2020f
	412,429	1,283,334	(1,292 882)			402,881
Total	412,429	1,283,334	(1,292,882			402,881

	Balance 1	Income	Expenditure	Funds 31
	September			August
	2020			2021
	E
Community	8,598	32,450	(40,048)	1,000
Projects &
Education
Concert Access
Fund
Total	8,598	32,450	(40,048)	1,000

	Balance 1	Income	Expenditure	Funds 31
	September 2019			August 2020
	E			E
Community Projects &	8,510	16,050	(15,962)	8,598
Education
Concert Access		72,013	(72,013)
Fund
Total		88,063	(87,975)	8,598

			General fund	Designated	Restricted	Total
			6	funds	funds
				6	6
Fixed assets			5,109			5,109
Cash at bank	and	in hand	456,383		1,000	457,383
Other net current assets/(liabilities)			17,298			17,298
Non-current	liabilities		(48,236)			(48,236)
Total			430,554		1,000	431,554

		General fundf	Designated funds	Restricted funds	Total
			6	6
Fixed assets		5,836			5,836
Cash at bank	and in hand	376,940		6,585	383,525
Other net current assets/(liabilities)		70,105		2,013	72,118
Non-current	liabilities
Total		402,881		8,598	411,479

der non-cancellable operating leases	, which fall due as foll	ows:
	Group		Charity
	2021	2020		2021	2020
	6	6		6	6
Within one year		18,505
Between two and five years
		18,505

Reconciliation of net movement	Reconciliation of net movement	in funds to net cash flow from operating	in funds to net cash flow from operating	in funds to net cash flow from operating	activities
			Grtsup			Charity
			2021			2021	2020
			6			f	f
Net movement in	funds		20,075		(9,460)	120,156	115,909
Add back depreaation		charge	5,096		6,095
Add back loss on	disposal of
assets
Deduct interest income		shown
in investing activities
Decrease/(increase)	in debtors		90,291		98,976	16,299	23,116
Increase/(decrease)	in creditors		(35,471)		5005	(67,987)	(7,269)
			79,991	100,616		68,468	131756