CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteèsl members of City of Cambridge Symphony Orchestra On accounts for the year ended 31 August 2023 Charity no (if any) 1096457 Set out on pages 14 I report to the Iwstees on my examination of the accounts of the above charity I'the Trust") for the year ended Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 {llhe Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out rny examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confimi that no material matters hav8 come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan￿ with section 130 of the Charities Act., or the accounts did not accord with the accounting records,. or thè accounts did not comply with the applicable requirements con¢eming the fom and content of accounts set out in the Charities {Ac¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter onsidered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of th8 accounts to be reached. Signed: Date: Name: David J Rees Relevant professional qualifbcationls) or body (if any): FCCA Associated of Chartered Certified Accountants IER Oct 2018 Address: Kinnaird Hill Norfolk House, 4 Station Road st Ives PE27 SAF Section B Disclosure Only complete if the examiner needs to highlight material matters of concern {see CC32, Independent examination of charity accounts.. directions and guidan￿ for examiners). Give here brief details of any items that the examiner wishes to dls¢lose. IER Oct 2018 City of Cambridge Symphony Orchestra Profit and Loss for the year ended 31 August 2023 2023 2022 Income Friends scheme Gift Aid Misc donations MI￿ income Sales Sponsorship Subscriptions Ticket sales Total Income Gross Profit 3.763.33 £ 1,426.92 £ 285.00 £ 285.08 £ 4,920 871 90 150.00 £ 350 8,065.00 £ 5,645 34,075.28 £ 27,291 48,050.61 £ 39,167 48,050.61 £ 39,167 Expenses Bad Debt Bank charges Box office charges Concert venue Charity donation Condu¢tor inc. rehearsals Conductor travel expenses Cost of programmes Credit ¢ard charges Depreciation Expenses Extra players Inslrument Hire Insurance IT software & set up Leader inc. rehearsals Leaders Trdvel Misc expenses Music hire Musi¢ Storage Library Produclion company fees Publicity Rehearsal room hire Soloists Soloists travel Subscriptions Paid Website Costs Total Expenses Net Operating Income Other Income Bank Interest received Total Other Income Net Other Ineome Net Income 53 93 60.00 £ 2.444.68 £ 7,985 ,128 6.651 610 1,178 33 139 980 987 193 343 5.488 650 770 4,243 464 1,645.00 £ 923.94 £ 87.45 £ 143.00 £ 302.40 £ 1.245.21 £ 568.67 £ 28,584.00 £ 1.172.47 £ 936 1,975 1,350 493 384.99 £ 79 37,561.81 £ 38,664 10,488.80 £ 503 103.74 £ 103.74 £ 103.74 £ 10,592.54 £ 33 33 33 536 City of Cambridge Symphony Orchestra Balance Sheet 31 August 2023 31 August 2023 31 August 2022 Fixed Asset Tangible assets £ 2.436.64 £ 2,437 Total Fixed A$s¢t £ 2,436.64 £ 2,437 Cash at bank and in hand Deposit Account Loan to CCSOP Ltd Debtors Prepayinents Total Current assets £ 21,747.76 £ £ 10,293.64 £ £ 39,000.00 £ 20,412 10,224 1.620 104 32 J60 £ 71,041.40 £ Creditors: amouDts falling due within one year Trade Creditors Current Liabilities £ 28,738.87 £ 650 Total Creditors: amounts falling due within one year £ 28,738.87 £ 650 NET CURRENf ASSETS (LIABILITIES) £ 42J02.S3 £ 31,710 TOT AL NET ASSETS (LIABILITIES) £ 44,739.17 £ 34,147 Capital and Reserves Opening Balance Equity Profit for the year Total Capital and Reserves £ 34,146.63 £ £ 10,592.54 £ £ 44,739.17 £ 33,611 536 34,147 ## **Trustees’ Annual Report for the period** **From 1st September 2022 to 31st August 2023 Charity name: City of Cambridge Symphony Orchestra** **Charity registration number: 1096457** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The charity's two objects are:
(1) The advancement of musical education
and the promotion of public appreciation
and study of music, for example by any of
the following means: by holding concerts
and lectures about music to which the
public shall be admitted whether on
payment or otherwise; by providing
opportunities for the practice of music by
amateur players of string instruments; by
issuing publications conducive to the
advancement of musical education; and/or
by undertaking and executing any
charitable trusts established or constituted
wholly for promoting the appreciation,
study or practice of music.
(2) To promote the art and science of
music by assisting young musicians, being
persons of moderate or limited means, in
such a way as to enable them to become
self-supporting.| |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|The charity operates an amateur orchestra
having the same name. The orchestra is
the main means used by the charity to
deliver on its objects 1 & 2.
During 2022-23 eight public concerts were
organised in which the orchestra performed
in West Road Concert Hall Cambridge (two
of which were shorter afternoon events
tailored to a family audience), together with
36 rehearsals. CCSO had around 60 subs-
paying members, fielded onstage
orchestras of up to 98 players, and had the
services of a professional musical director
and a professional leader. Information
about CCSO's activities was made public
on the internet atwww.ccso-online.org.uk| |||and through other social media channels,
and publicity was displayed around the city
of Cambridge. Early career soloists were
engaged for five of the six evening
concerts.| |---|---|---| |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 complied with the
requirements of section 17(5) of the
Charities Act 2011, in particular they have
‘taken regard’ of the Charity Commission's
public benefit guidance ‘when exercising
any powers or duties to which the guidance
is relevant’. We have reviewed the
charity’s constitutional objects to reassure
ourselves that they comply with the public
benefit requirements: We believe that the
advancement of musical education and
appreciation is beneficial (“benefit aspect”)
to the public at large (“public aspect”) and
that our activities do not give rise to more
than incidental personal benefits. We
further believe that assisting young
musicians towards self-support is
beneficial, that there is a significant
community of young musicians aspiring
towards self-support having potential to
benefit from our actions, and that the
benefits are “incidental’.| **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Given rising costs, and a post-Covid fall in
audience size, the Trustees consider it
prudent at present to maintain reserves at a
somewhat higher level than in past years,
so as to provide a cushion against
anticipated more difficult circumstances in
the next few years. This precludes grant
making for now, but this policy will be
reviewed annually, and in the light of the
new source of income from Orchestra Tax
Relief.| |Policy on social investment
including program related
investment|Para 1.38|n/a| |Contribution made by
volunteers|Para 1.38|CCSO’s activities would not be possible
without the help of our volunteers,
especially those who look after the music
library, and those who assist at concerts as
stewards or with the front of house
operation. We offer them all our sincerest
thanks.| |Other||n/a| ## **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|We believe that the charity’s activities,
summarised above, have made a
difference in two main ways:
First, for participants in the orchestra we
provide an opportunity to engage in an
enjoyable and educational music making
activity, offering participants a venue in
which to play and develop their musical
technique, practical knowledge, and
repertoire. Not all players in the orchestra
are members of the charity. The soloists
we engage are usually musicians at the
early stages of their careers, so providing
them with some financial income and a
step towards financial independence, an
opportunity to practice and develop their
art through public performance, and a
chance to develop their careers by bringing
their talent to wider notice.
Second, for audiences, we believe that we
present exciting and high-quality
performances which we hope are always a
pleasurable, stimulating and entertaining
cultural experience. Some performances
have been organized in partnership with
other charities, with a share of the profits
being given to that charity, so benefiting
the broader public through the partner
charity’s activities. A large fraction of the
audience at our concerts are over 60 years
of age. Two family concerts, aimed at a
children’s audience, were also organised
and well-received.
Participation in music, as listener or
performer, is widely believed to confer
mental health and general wellbeing
benefits, and we hope that our activities
are benefitting the community in these
ways.
In addition to the public educational and
well-being benefits to participants and
audiences mentioned above, the Trustees
are conscious that access to these
activities must be affordable, so
concessionary rates are available for
membership subscriptions: We offer free
membership to those without income, and
subscriptions are reduced by 50% for
those in full-time education or documented
unemployed. Members with financial| difficulties are encouraged to arrange a reduced/waived subscription with the Treasurer. ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|| |---|---|---| |You may choose to include further statements||where relevant about:| |Achievements against
objectives set|Para 1.41|n/a| |Performance of fundraising
activities against objectives
set|Para 1.41|n/a| |Investment performance
against objectives|Para 1.41|n/a| |Other||n/a| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of this reporting period the
charity’s net financial assets totalled
£42,303. Through accrual accounting this
figure reflects the successful Orchestra Tax
Relief claim for 2022-23 activities which
was filed and paid shortly after the end of
the reporting period. The corresponding
figure at the end of the preceding period
was £31,710.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|It is our financial risk management policy to
hold at all times liquid assets at least
sufficient to cover all long-term financial
commitments made during the course of
each season (production company’s
management fee, brochure production,
publicity and website costs, music library
storage, insurance, software). In this
reporting period such long-term
commitments totalled around £33.3k. We
expect costs to increase further during
2024 & 2025, and so will continue to
operate a very conservative policy on
reserves.| |Amount of reserves held|Para 1.22|£30,000| |Reasons for holding zero
reserves|Para 1.22|n/a| |Details of fund materially in
deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no such uncertainties. The
charity holds sufficient reserves to cover
anticipated expenditures over an entire
financial year.| |**Additional information (optional)**
You may choose to include further statements|**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|The main sources of funding are sale of
concert tickets (including via our Friends
scheme), sale of programmes, member
subscriptions (including the Gift Aid claimed
on these) and Orchestra Tax Relief.
Broadly speaking, concert expenses
(including rehearsal costs) exceed concert
takings on average, with the deficit being
covered by the income from member
subscriptions and Gift Aid.
The charity engaged the services of a
production company, CCSO Productions
Limited (company no. 14274580), the
directors and shareholders of which are
both Trustees of the charity, in order to
enable Orchestra Tax Relief to be claimed.| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|The charity holds only current and deposit
accounts.| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|The major risks faced by the Charity are
financial, in particular loss of income due to
poor attendance at, or cancellation of, a
concert due to, for example, covid-19 lock-
down or extreme weather. This risk is
managed through the conservative financial
reserves policy.| |Other||We would like to acknowledge our Friends
for their continued loyal support and
encouragement.| ## **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|Unincorporated 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|By election at Annual General Meeting
(paragraphs 6 & 7.1(a,b) of Constitution).
By unanimous vote of other Trustees
(paragraph 7.1c of Constitution).| ## **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|n/a| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The City of Cambridge Symphony
Orchestra operates under the umbrella of
the charity. The orchestra has a
management committee, elected by
members of the orchestra. All of the
Trustees are members of this management
committee.| |Relationship with any
related parties|Para 1.51|The charity uses the services of a
production management company, CCSO
Productions Limited, registered in England
and Wales number 14274580. The
company has two directors who are also its
only shareholders. They are both Trustees
of the charity, and have signed a
Declaration of Trust to act in accordance
with directions from the charity. They
receive no dividends or other remuneration.| |Other||| ## **Reference and Administrative details** |Charity name|City of Cambridge Symphony Orchestra| |---|---| |Other name the charity uses|n/a| |Registered charity number|1096457| |Charity’s principal address|62 High Street,
Bourn,
Cambridge,
Cambridgeshire
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**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||David Bartlett|Chairman|Since 19/06/2018|Byvote at AGM| ||Sheila von Rimscha|Secretary|Since 22/05/2012|Byvote at AGM| ||Paul Hammond|Treasurer|Since 01/09/2005|Byvote at AGM| ||Alex Reid||Since 10/05/2022|Byvote at AGM| ||John Roger Petter||Since 14/03/2023|Byvote at AGM| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** n/a Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |n/a||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets None held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |n/a||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |n/a||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details n/a ## **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)** Paul Simon Hammond **Position (eg Secretary,** Treasurer **Chair, etc) Date** 13 May 2024