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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|
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|Unrestricted
Designated|Unrestricted
Designated|Income Funds|E327,292|
|---|---|---|---|
|Other Unrestricted|Income Funds||E103,262|
|Restricted Income|Funds||f.1,000|
|Total Charity Funds|||E431,554|
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|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||
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||||||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|
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|||||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|
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||||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|
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|Asset Category|Asset Category|Annual|rate|
|---|---|---|---|
||Plant and machinery|10%||
||Fixtures, fittings and equipment|10%||
||Motor vehicles|25%||
|Computer
equipment||33%||
|I)|Debtors|||
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|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|
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||2021|2020|
|---|---|---|
||6|6|
|Donations|687,678|1,049,161|
|Grants|313,597||
||1.001,275|1,049,161|
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|||||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|
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|||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|
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|||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|
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|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|Total|
|---|---|---|---|
|subsidiary||investments||
|undertakings||||
||6|||
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|||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|
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||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|
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||Balance 1|Income|Expenditure|Transfers|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|Transfers|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|
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|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|