## **Trustees’ Annual Report for the period** **From 01/09/23 To 31/08/24** **Charity name: Fulham Symphony Orchestral Society** ## **Charity registration number:1094899** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance, improve, develop and
maintain public education in and
appreciation of the art and science of music
in all its aspects by the presentation of
public concerts and recitals; and for the
general purposes of such charitable bodies
or for such other purposes as shall be
exclusively charitable as the Committee
may from time to time decide.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Giving public concerts for the local
community
Offering opportunities for local children and
families to experience orchestral music,
including work with the local authority ‘Tri-
Borough Music Hub’.
Nurturing young talent by working with
soloists and composers at the start of their
careers.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had regard to the
guidance issued by the Charity
Commission on public benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference| |---|---| ||Para 1.38| |Policy on grant making|| |Policy on social investment|Para 1.38| |including program related|| |investment|| Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The orchestra performed three successful
and well-attended concerts in the year,
which were all at St John’s Smith Square,
partly due to Hammersmith Town Hall
being unavailable due to ongoing
renovations.
The orchestra looked to reflect diversity in
its programming over the year, including
showcasing pieces by Bonis, Rubinstein
and El-Turk.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity was in a good financial position
at the end of the period, having made a
£1,837 surplus during the year and through
holding reserves thanks to a legacy fund.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Our policy is to hold a reserve of £8,000 to
cover financial failure of an event (for
example, severely reduced audience
numbers) or the withdrawal of sponsorship
from Novotel who provide our rehearsal
space. Any additional surplus is retained for
use on future projects, the acquisition of
assets or other expenditure which the
trustees consider appropriate and in line
with the society’s objectives.| |Amount of reserves held|Para 1.22|£134,844| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Our principal sources of funds are
orchestra members’ subscriptions and
concert ticket sales.
We benefit from the sponsorship of the
Novotel hotel chain, which provides us with
free rehearsal space in Hammersmith as
part of their corporate social responsibility
programme.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|The principal risks are that Novotel,
Hammersmith withdraws its longstanding
sponsorship, which is in the form of free
rehearsal space and that the Government
reduces the level of Orchestra Tax Relief.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Election by members
Appointment by existing trustees| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Fulham Symphony Orchestral Society| |---|---| |Other name the charity uses|Fulham Symphony Orchestra| |Registered charity number|1094899| |Charity’s principal address|35 Weymouth Avenue, London, W5 4SB| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Gavin Compton|||Members| ||Richard Stone|Treasurer||Members| ||Sharon Robinson|Chair||Members| ||Nicholas Pitt|Secretary||Members| ||Grant Wilder||Resigned 20 Aug2024|Members| ||Juliette Morris|||Members| ||Michelle Taute|||Members| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |Richard Stone||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|Shares in Fulham Symphony Orchestra Ltd (‘FSO Ltd’)| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|Signed Declaration of Trust. Monitoring of the activities
and accounts of FSO Ltd| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Richard Stone **Position (eg Secretary, Chair, etc)**[Treasurer ] **Date** 29 June 2025 ~~|~~ Fulham Symphony Orchestral Society – Financial Statements Y/E 31 Aug 24 ## **Fulham Symphony Orchestral Society** Registered Charity No. 1094899 ## **Financial Statements for the year ended 31 August 2024** -1- Fulham Symphony Orchestral Society – Financial Statements Y/E 31 Aug 24 ## **REPORT OF THE TREASURER** The Society had a successful 12 months, with three exciting performances, including works from a wide range of composers. Financially, the Society made a surplus of £1,837 (£203 excluding interest from savings). Income (excluding interest and ‘Weekend Away’ player contributions) increased by 5% from £22,881 to £24,060. The main increases were from concert takings (+19%). All 3 concerts were performed at Sinfonia Smith Square, with the highest grossing being the March 2024 concert, containing Mussorgsky’s ever-popular Pictures at an Exhibition (£3,651). Costs (excluding the ‘Weekend Away’ and Orchestra Tax Relief) increased by 6%. The most significant increases were in hall hire (Sinfonia Smith Square) and instrument hire, which both increased by 11%. Rehearsal costs reduced slightly (-4%), as did Box Office commission (-7%), due to a discount following ticket booking issues. The Society benefits from a contribution to costs that its trading subsidiary, Fulham Symphony Orchestra Limited (FSO Ltd), is able to make through claiming Orchestra Tax Relief (OTR) on the costs of producing the main concerts on behalf of the Society. £8,238 was contributed, relating to the three concerts. Major refurbishment continues at Hammersmith Town Hall and St Johns Smith Square is also expected to be unavailable late in early 2027 due to refurbishment, forcing the Society to explore other and potentially more expensive performing options. High inflation over the last couple of years has seen like for like cost increases across all categories, including guest player fees and venue hire. The Committee continues to monitor costs and is prepared to review member subscription levels and ticket prices, which have been kept low to date in order to share orchestral music with as wide an audience as possible. The financial strength of the Society, in combination with the legacy funds, should enable it to withstand these cost challenges and to make ambitious and exciting plans for the future. ## **BASIS OF PREPARATION** The accounts have been prepared on an accruals basis, recognising income when it first becomes receivable and expenditure when a liability for that expenditure first arises. -2- Fulham Symphony Orchestral Society- Financlal Ststements YIE 31 Aug 24 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE FULHAM SYMPHONY ORCHESTRALSOCIErY Respective responsibilities of tTUStees and examiner The charity's trustees are responsible forthe preparation of the accounts in accordance with the Charities Act 20111"the ACY'I. The charity's trustees considerthat an audit is not required forthis ye ar under section 144 of the Act and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Att, to follow the applicable Directions given by the Charity Commission (under section 145(51(b) of the Act), and to state whether particular matters have come to my attention. Basis of independent examinerfs sLitement My examination was carried out in accordance with general Direecions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual itemsor disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence thatwould be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examinerfs ststement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Act; or the accounts did not accord with the accounting records; or the accounts did not comply wtth the applicable requirements concerning the form and content of accounts set out in the Charities {Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connettion 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. J.D. Seddon 21 Southmoor Road Oxford OX2 6RF Fulham Symphony Orchestral Society – Financial Statements Y/E 31 Aug 24 ## **INCOME STATEMENT FOR THE YEAR ENDED 31[st] AUGUST 2024** |**Concert income**
**Member subscriptions**
**Sponsorship, donations & ‘Friends’**
**Advertising**
**Gift Aid**
**Interest**
**Gain / (loss) on investments**
**Other**
**‘Weekends Away (Jan’24)’ deposits**
**TOTAL INCOME**
**Box office commission**
**Concert programmes, flyers and**
**tickets**
**Conductor & Leader**
**Hall hire**
**Instrument hire and transportation**
**Insurance and Making Music**
**membership**
**Music hire and commissioning**
**Performing Rights Society fees**
**Rehearsals & Sectionals**
**Soloists & Guest Players**
**Staging hire**
**Sundry concert costs and other**
**expenses**
**‘Weekend Away (Jan’24)’ costs**
**Expenditure absorbed by FSO Ltd**
**TOTAL EXPENDITURE**
**Surplus/(Deficit) for the period**|**Designated**
**Funds (£)**
**Restricted**
**Funds (£)**
**Unrestricted**
**Funds (£)**
-
-
9,115
-
-
11,665
-
-
942
-
-
-
-
-
2,338
490
1,144
-
-
-
-
-
-
-
-
-
6,229|**2023/24**
**Total (£)**
**9,115**
**11,665**
**942**
**-**
**2,338**
**1,634**
**-**
**-**
**6,229**|**DF (£)**
**RF (£)**
**UF (£)**
-
-
7,632
-
-
11,823
-
-
790
-
-
-
-
-
2,636
425
992
-
-
-
-
-
-
-
-
-
7,495|**2022/23**
**Total (£)**
**7,632**
**11,823**
**790**
**-**
**2,636**
**1,417**
**-**
**-**
**7,495**| |---|---|---|---|---| ||**490**
**1,144**
**30,289**|**31,923**|**425**
**992**
**30,376**|**31,793**| ||-
-
1,467
-
-
589
-
-
5,715
-
-
9,324
-
-
2,195
-
-
1,249
-
-
1,965
-
-
592
-
-
2,998
-
-
5,398
-
-
-
-
-
607
-
-
6,225
-
-
(8,238)|**1,467**
**589**
**5,715**
**9,324**
**2,195**
**1,249**
**1,965**
**592**
**2,998**
**5,398**
**-**
**607**
**6,225**
**(8,238)**|-
-
1,573
-
-
971
-
-
5,540
-
-
8,388
-
-
1,974
-
-
1,140
-
-
1,972
-
-
366
-
-
3,129
-
-
4,869
-
-
-
-
-
228
-
-
-8,471
-
-
(7,924)|**1,573**
**971**
**5,540**
**8,388**
**1,974**
**1,140**
**1,972**
**366**
**3,129**
**4,869**
**-**
**228**
**8,471**
**(7,924)**| ||**-**
**-**
**30,086**|**30,086**|**-**
**-**
**30,697**|**30,697**| |||||| ||**490**
**1,144**
**203**|**1,837**|**425**
**992**
**(321)**|**1,096**| -4- Fulham Symphony Orchestral Society – Financial Statements Y/E 31 Aug 24 ## **ASSETS AND LIABILITIES AS AT 31[st] AUGUST 2024** |Cash at Bank
Investments
Accrued Revenue
Subscriptions Receivable1
Gift Aid Receivable2
Prepaid Expenditure
Due from FSO Ltd
Fixed Assets3
**Total Assets**
Accrued Expenses
**Total Liabilities**
**NET ASSETS**|**Designated**
**Funds (£)**
**Restricted**
**Funds (£)**
**Unrestricted**
**Funds (£)**
9,029
21,069
17,099
22,500
52,500
5
240
2,338
10,258|**31 Aug**
**2024**
47,197
75,000
5
240
2,338
-
10,258
see below|**Designated**
**Funds (£)**
**Restricted**
**Funds (£)**
**Unrestricted**
**Funds (£)**
31,039
72,425
17,217
150
1,117
2,054
9,481|**31 Aug**
**2023**
120,681
150
1,117
2,054
-
9,481
see below| |---|---|---|---|---| ||**31,529**
**73,569**
**29,940**
-
-
194|**135,038**
194|**31,039**
**72,425**
**30,359**
-
-
476|**133,483**
476| ||**-**
**-**
**194**


|**194**|**-**
**-**
**476**


|**476**| ||**31,529**
**73,569**
**29,746**|**134,844**|**31,039**
**72,425**
**29,543**|**133,007**| 1 Member subscriptions owed for 2023/24 and paid by December 2024. 2 Gift Aid is claimed from HMRC for the whole accounting year in arrears. This means that, at the end of each accounting year, Gift Aid is receivable on eligible subs and donations paid during the period (less an allowance for benefits gained by Members from tuition). At 31 Aug 2024, £2,338 of Gift Aid was receivable. This amount was claimed and received in Jan 2025. 3 The Society owns a library of music containing several items which are available for hire. Its historic cost (from 1990s, + £250 addition in 2010) is £5,311. It is difficult to obtain a current valuation for the library and, as such (and in line with Charities SORP guidance) no estimate has been made in the accounts. The Society also owns a set of music stands which have negligible monetary value and are treated as an expense in the year of acquisition. -5-