CITY OF CAMBRIDGE SYMPHONY ORCHESTRA
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
CONTENTS AND CHARITY INFORMATION
| CONTENTS: | PAGE: | |
|---|---|---|
| Trustees Report | 1 - 2 | |
| Independent Examiners Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 - 8 | |
| TRUSTEES: | David Bartlett (Chair until 18/09/2025) | |
| John Petter (Chair from 16/09/2025) | ||
| Alexander Reid | ||
| Sheila von Rimscha | ||
| Paul Hammond (resigned 10/06/2025) | ||
| Hugo Macey (appointed 10/06/2025) | ||
| CHARITY OFFICES: | 18 Cavendish Avenue | |
| Cambridge | ||
| CB1 7US | ||
| CHARITY REGISTRATION NUMBER: | 1096457 | |
| INDEPENDENT EXAMINER: | Ian W Shipley FCCA | |
| For and on behalf of: | ||
| Prentis & Co LLP | ||
| Chartered Accountants & Independent Examiners | ||
| 115c Milton Road | ||
| Cambridge | ||
| CB4 1XE | ||
| BANKERS: | CAF Bank Ltd | |
| 25 Kings Hall Avenue | ||
| Kings Hall West Malling | ||
| Kent | ||
| ME19 4JQ | ||
| United Trust Bank | ||
| 1 Ropemaker Street | ||
| London | ||
| EC2Y 9AW |
CITY OF CAMBRIDGE SYMPHONY ORCHESTRA
PAGE 1
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
TRUSTEES REPORT
The Trustees present their annual report and financial statements of the charity for the year ended 31st August 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011 and Accounting and Reporting by by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1st January 2019).
STRUCTURE AND GOVERANCE AND MANGEMENT OF THE CHARITY
The charity is constituted by a constitution dated 3rd February 2003 and is registered with the Charity Commission No: 1096457.
Trustees are usually elected at the AGM although may be appointed at other times as required. The Trustees manage the day to day responsibilities of charity. Trustees also meet to make policy decisions and supervise the development of the charity.
The Trustees endeavour to maintain their knowledge of charity regulations by reading material as it becomes available.
In the event of the appointment of new trustees, suitable steps are taken to ensure that they are aware of their obligations. They are given a "welcome pack" of documentation and guidance documents, and are informally mentored by the more experienced Trustees until familiar with their roles and responsibilities.
OBJECTIVES AND ACTIVITIES
The charity was set up for the advancement of musical education and 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 conductive to the advancement of musical education.
-
By undertaking and executing any Charitable Trust established or constituted wholly for promoting the appreciation, study or practice of music.
The charity has also been set up 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.
The Trustees have referred to the guidance contained in the Charity Commission general guidance on public benefit and continue to do so when reviewing our future objectives.
ACHIEVEMENTS AND PERFORMANCE
During the financial period 1st September 2024 - 31st August 2025, the charity operated an amateur orchestra having the same name. The orchestra is the main means used by the charity to deliver on its objectives. During this period six public concerts were organised in which the orchestra performed in West Road Concert Hall Cambridge, together with 36 rehearsals. CCSO had over 60 subs-paying members, fielded on-stage orchestras of up to 90 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 at www.ccso-online.org uk, through other social media channels, and publicly around the city Cambridge. Early career soloists were engaged for four of the six evening concerts.
FINANCIAL REVIEW
For the year ended 31st August 2025, a surplus of £6,115 arose (2024: £4,836). Total income receivable from all sources was £45,622 (2024: £39,739). Ticket sales contributed to £31,259 of the income (2024: £27,229).
City of Cambridge Symphony Orchestra's total annual expenditure was £39,507 (2024: £34,903). 71% relates directly to the production company fees, the remaining 29% of expenditure covered costs associated with unrestricted costs and and governance.
cyry OF ChM8RIIKLI SYMPIIONY ORCIIFSI'RA PACJL2 FINANCIAL sfATEMETrrrs FOR TIIE YEAR F.NDLD 31ST AUGUST2(125 TRusfEESREPORT................ JCONTINUI. RISF.RVL.S At 31x 2Q25 th¢ Ch&iiy l¢StricJ resrnww#in8£$S.690(2D24: £49.075). RISK ASSESSMrNr Tr'rruscs hav¢ ¢onsider¢d mlityfisks faced tythc dmrity 4nd r¢Yi¢w risks r¢yltrly. nwklng syllcm5 v¢ in pkn10 miliwe thu¢. KEY MANAGEMENT AND PERSONNEL REMUNERATION The ¢h•rily Considers the tloard ofThtsttts w be Its key sTATEMOFTRUsYEEs RESPONSIBILITIFts ljw appli¢abk lo dwitics in En8kn1 Wale5 wuiresth¢ Tn¢> io flrhinci31 s¢M¢n for txh flnan¢ial )tar Mthlch Eive a trnt f•ir view ofthe hwrnlngTt50wce5 thd ¥pliciotis orth¢ r¢50urces orth¢ Chwhty dwinBthe and of stale of al the ¢rAI of the )ru. In preparing financS4l stsicmcThts 8l%rynga true fairvwtrv. the Tnthees 5hwJld folh beA aThl in ihe 4Te r¢4U¥td ¢w. (i) Sekd vjiubk aeet4mlin8 policy a1 then Jpply thcm ¢ons15temly. ObscN¢ lh¢ methLNis aTrl p¢in¢iplcs 0(th¢ Ch8rb(ieg SORP. Mako judgenKnts clMa that TensonthlypnAEthL (iii) rdiowed. wbJed fo yP1¢S ¢fuch)sed wlcxplained in the fubuKial th¢ fllMrKiAI bmis 1¢$$ il is inapwi¢ thr ¢huiiy (v). Tr TnNtr¢S •re r(ff kt¢pin8 1¢¢(MffAlD8efds whi(ti discknc t¢Nirabie a¢£¥xKy i . lIrLI] pIllon ofthe ¢knityaTrJ which fwbk thern to asccrtaii lh¢ fuwKial ptssiiioN eharily bi¢h thun 10 ¢nswe ihat tht fubDn¢lal suttTn(Trts c&wly Cbaritics 2011. the {AccoMnts and Repts> RcBuhilons thc provisiw5 ofih¢ wis1ilylioD. Tly w¢ also rosponsibl¢ skf¢8uaTdlng ets ofthechity id hell ItthI¢ forthc ddt¢ilon offroud and APPKOVAL Thij rep)n wms opNov¢d by th¢ TnMl¢ti on £ 3 rl•••k &•& twj SIed on th¢tr b¢hilr. IIUGO MACEY, TRUSTt.r. C•mScannef:
CITY OF CAMBRLDGE SYfviPHONY ORCHESTR PAQE 3 FNANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST AUGUST 2025 tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITY OF CAMBRIDGE SYMPHONY ORCHESTRA I report on the fin8n¢ial 8tsteTnents of Cty of CaTnbridE¢ sYmphY Or¢h¢stra for the year ended 31st August 2025 which are set out on pages 4 to 8. RESPONSIBtLITIES BASIS OF REPORT As Charity Trustees of the charity you are responsible for the preparation of tbe accounts in accordance with the requÉretllCTLtts of tbe Charities Act 2011 Dhe ACVI. I report in respeci of my examin&tion of the charitys aountS caried out under 5.145 of th¢ 201 I Act and in canying out my examination I hav¢ followed au appliuble dir¢ctions giv¢u by th¢ Charity Cotiunission undeT s.145{5)(b) of the 201 l Act. INDEPENDEKf EXAMINER'S STATEMENT I hive Completed my examination. I confirni that no material matters have corne to my attention in connection with the exarnination giving mt CaSe to believe that in an> -rial respecL accountillg records were Thot kept in respect of the challty a5 required by se¢tion 130 of the Act. or thc 2ceounts do not aceord with those rttorth. or the ac¢ounts do not ¢omply th¢ applicable reqUireDts concerning the forni and content of aGcounts set out in th- Charities (Arxounts aud Reports) Reglllations 2008 other than any requirement that tlLe accounts ve a In and fair view which is not a matter con5id¢red as part of an irLdependent exaTDinatiOD. I have no coTr¢er and havc come across no matters in connection with the examination to which attention should be drawn in this r¢port ID order to eDable a proper unde13nditig of the accounts to be reached. IAN W SHIPLEY FCCA FOR AND Oli BEHALF OF: PRENfIs & CO LLP CHARTEKED ACCOUNTAYrs & INDEPENDEvf EXAMNERS 115c Milton Road CambTidge CB4 IXE
CITY OF CAMBRIDGE SYMPHONY ORCHESTRA
PAGE 4
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | ||
| INCOME: | Note | £ | £ | £ | £ | £ | £ |
| Charitable activities | |||||||
| Ticket sales | 31,259 | - | 31,259 | 27,229 | - | 27,229 | |
| Gift Aid | 1,498 | - | 1,498 | 1,340 | - | 1,340 | |
| Donations | 184 | - | 184 | 90 | - | 90 | |
| Friends Scheme | 2,700 | - | 2,700 | 2,800 | - | 2,800 | |
| Other income | |||||||
| Miscellaneous income | 222 | - | 222 | 63 | - | 63 | |
| Subcriptions | 9,040 | - | 9,040 | 7,920 | - | 7,920 | |
| Bank interest received | 544 | - | 544 | 297 | - | 297 | |
| Sponsorship | 175 | - | 175 | - | - | - | |
| ______ | ______ | ______ | ______ | ______ | ______ | ||
| TOTAL INCOME | 45,622 | - | 45,622 | 39,739 | - | 39,739 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ||
| EXPENDITURE: | |||||||
| Charitable activities | 2 | 39,007 | 500 | 39,507 | 34,903 | - | 34,903 |
| ______ | ______ | ______ | ______ | ______ | ______ | ||
| TOTAL EXPENDITURE | 39,007 | 500 | 39,507 | 34,903 | - | 34,903 | |
| NET INCOME/(EXPENDITURE) | 6,615 | (500) | 6,115 | 4,836 | - | 4,836 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ||
| NET MOVEMENT IN FUNDS | 6,615 | (500) | 6,115 | 4,836 | - | 4,836 | |
| RECONCILIATION OF FUNDS | |||||||
| Total funds at 31st August 2024 | 49,075 | 500 | 49,575 | 44,239 | 500 | 44,739 | |
| ______ | ______ | ______ | ______ | ______ | ______ | ||
| Total funds at 31st August 2025 | 55,690 | - | 55,690 | 49,075 | 500 | 49,575 | |
| ______ | ______ | ______ | ______ | ______ | ______ |
The notes on pages 6 to 8 form part of these financial statements.
Cyty OF ChMBKII)GQ8YMPIIQNY OKCIIFsfRA PAGE 5 FINANCIAL sfAThEpifs FOR IIIE YEAR BNDED315T Auousf 2Q25 BAIANcf%siir Asat 31Aw2025 31stAw2024 FIXF.D AssFrs TafvgSbI¢¢ts 2.437 CURRFJ4T ASSEr3 fallinÈ wÈthkn one al Cash Mi t•&•nd in h IDTALLISRRENfASSETS 40J21 45157 16,171 39M4) 36.551 75J5l UABILITIL8 CT¢ditor5: •mounts fallir¥&e 30.4BI 18.413 NEtCllrrrnt hsscts TLYfAL NET ASSETS 55.690 5S.690 47.138 49,575 THE WNDSOFIIIE WI RÉicd fimds 500 49,075 49J75 55,6 55,690 TOTAL FUNDS Th¢ 3tatEnKn15 wEre#d by&Trm z3 a• al sigmd the]rE¥alL HUGO MACI:.Y TRusrr:I" Tr nd¢s oh pa8e$ 6 to I fonThpirtQfth IwKiDI lalemu Scenned with cs Camscannef:,
CITY OF CAMBRIDGE SYMPHONY ORCHESTRA
PAGE 6
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
(a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with 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 (FRS 102) second edition (effective 1st January 2019) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity has also taken advantage of exemptions available for smaller entities under section 1A of FRS 102 and the Charities SORP (FRS 102) updated Bulletin 1 2nd February 2016. In particular it has taken advantage of the exemption to prepare a Statement of Cash Flows.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements.
The charity's financial statements are prepared under the going concern basis. This is appropriate and the trustees are of the view that there are no factors that affect going concern in the following 12 months.
(b) FUND ACCOUNTING
The charity maintains a general unrestricted fund which is expendable at the discretion of the Trustees in furtherance of the objects of the charity.
Restricted funds are funds which are to be used in accordance with specific retsrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specfic fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
(c) INCOME
All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. Where a claim for repayment of income tax has or will be made such income is grossed up for the tax recoverable. The following policies are applied to income.
- DONATIONS
Income and tax recoverable is accounted for when receivable. - SUBCRIPTION INCOME
Subscription income is accounted for and covers the period of subscription commencing therefrom.
(d) CHARITABLE EXPENDITURE
Direct charitable expenditure includes all expenditure directly related to the objects of the charity and is accounted for when the Trustees have accepted a legal or moral obligation to meet the expenditure. Support and governance costs are included within charitable expenditure.
(e) FIXED ASSETS
Fixed asset are stated at cost less accumulated depreciation. The costs of minor additions i.e. those costing less than £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life.
The charity holds various music sheets, the Trustees belive that the value of these is very little and have decided to write the Net Book Value down to Nil.
CITY OF CAMBRIDGE SYMPHONY ORCHESTRA
PAGE 7
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
NOTES TO THE FINANCIAL STATEMENTS
2.
| CHARITABLE ACTIVITIES | 2025 | 2024 |
|---|---|---|
| DIRECT COSTS | £ | £ |
| Box Office charges | 1,972 | 1,743 |
| Charity donations | 1,130 | 1,145 |
| Cost of programmes | 1,109 | 1,230 |
| Insurance | 155 | 151 |
| IT software | 351 | 144 |
| Miscellaneous expenses | 1,661 | 362 |
| Music storage | 464 | 464 |
| Production company fees | 27,907 | 27,242 |
| Venue hire | 179 | - |
| Advertising | 720 | 994 |
| Subscriptions | 411 | 392 |
| Bank charges | 136 | 196 |
| Music sheet impairment | 2,437 | - |
| ______ | ______ | |
| 38,632 | 34,063 | |
| ______ | ______ | |
| GOVERNANCE COSTS | ||
| Independent Examiners Fee | 875 | 840 |
| ______ | ______ | |
| TOTAL CHARITABLE COSTS | 39,507 ______ |
34,903 ______ |
- TRUSTEE TRANSACTIONS
The following payments were made to the Trustees for the reimbursement of expenses paid on behalf of the charity, or for services provided but not related to the office or work done in the role of Trustee:
| 2025 | 2024 | |
|---|---|---|
| D Bartlett | £1,515 | £1,498 - cost of programmes and advertising |
| J Petter | £375 | £65 - miscellaneous expenses |
| P Hammond | £19 | - - miscellaneous expenses |
| A Reid | £115 | - - marketing expenses |
Any services the Trustees and related parties receive from the charity are on the same basis as other members of the charity and members of the public.
During the year the charity made a loan to a production company CCSO Productions Ltd which is jointly owned by two trustees, P Hammond and A Reid for the sole purpose of obtaining Orchestra tax credit relief on productions. The tax credit obtained and loans are passed back to the charity, The net outstanding sum at 31st August 2025 was £10,592 which was repaid on 12th November 2025.
| TANGIBLE FIXED ASSETS - CURRENT YEAR | Music |
|---|---|
| COST | £ |
| At 1st September 2024 and 31st August 2025 | 2,437 |
| ______ | |
| DEPRECIATION | |
| At 1st September 2024 | - |
| Charge in the year | 2,437 |
| ______ | |
| At 31st August 2025 | 2,437 |
| ______ | |
| NET BOOK VALUE AT 31ST AUGUST 2025 | - |
| ______ |
CITY OF CAMBRIDGE SYMPHONY ORCHESTRA
PAGE 8
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
NOTES TO THE FINANCIAL STATEMENTS
| TANGIBLE FIXED ASSETS - PRIOR YEAR | Music | ||||
|---|---|---|---|---|---|
| COST | £ | ||||
| At 1st September 2023 and 31st August 2024 | 2,437 | ||||
| ______ | |||||
| DEPRECIATON | |||||
| At 1st September 2023 and 31st August 2024 | - | ||||
| ______ | |||||
| NET BOOK VALUE AT 31ST AUGUST 2024 | 2,437 | ||||
| ______ | |||||
| 5. | DEBTORS - DUE WITHIN ONE YEAR | 2025 | 2024 | ||
| £ | £ | ||||
| Loan to CCSO Productions Ltd | 38,500 | 39,000 | |||
| Trade debtors | 360 | - | |||
| Accrued income | 1,661 | - | |||
| ______ | _ | ||||
| 40,521 | 39,000 | ||||
| ______ | ______ | ||||
| 6. | CREDITORS - DUE WITHIN ONE YEAR | 2025 | 2024 | ||
| £ | £ | ||||
| Accruals and deferred income | 2,580 | 1,171 | |||
| Due to CCSO Productions Ltd | 27,908 | 27,242 | |||
| ______ | _ | ||||
| 30,488 | 28,413 | ||||
| ______ | ______ | ||||
| 7. | STATEMENT OF FUNDS - 2025 | b/fwd | c/fwd | ||
| 1st September | 31st August | ||||
| 2024 | Income | Expenditure | 2025 | ||
| £ | £ | £ | £ | ||
| Unresticted funds | 49,075 | 45,650 | (39,035) | 55,690 | |
| Restricted funds | 500 | - | (500) | - | |
| ______ | ______ | ______ | ______ | ||
| Total funds | 49,575 | 45,650 | (39,535) | 55,690 | |
| ______ | ______ | ______ | ______ | ||
| STATEMENT OF FUNDS - 2024 | b/fwd | c/fwd | |||
| 1st September | 31st August | ||||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | 44,239 | 39,739 | (34,903) | 49,075 | |
| Restricted funds | 500 | - | - | 500 | |
| ______ | ______ | ______ | ______ | ||
| Total funds | 44,739 ______ |
39,739 ______ |
(34,903) ______ |
49,575 ______ |
Restricted fund - Young Composers project. The purpose of the fund is to enable the orchestra to provide opportunities for young composers to develop their skills through having their compositions workshopped, rehearsed or publicly performed.
None of the Trustees received remuneration or any other benefits from the charity during 2025 or 2024.
- STAFF COSTS