Registered number: 05294373
Charity number: 1109758
CHROMATICA ORCHESTRA LIMITED (formerly Bath Festival Orchestra)
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. report
Independent examiner's report
ststement of financial activities
Balance sheet
10
Notes to the financial statements
11-22

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Amanda Nevill
lan James StoC￿eY
Thomas Charles Lewington
Company registered
number
05294373
Charity registered
number
1109758
Registered office
Clo BKL
35 Ballards Lane
London
N3 1XW
Independent Examiner
lan Saunderson FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Page 1

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the Charity for the 1 January
2024 to 31 December 2024. The Annual report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice (SORP} applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objectives of the charity as per its governing document are to advan￿ and promote the education of the
public in the knowledge, understanding and appreciation of music. In setting objectives and planning activities,
the Trustees have given due regard to general guidan￿ published by the Charity Commission, relating to public
benefit , from the activities that the trust should undertake.
The charity is dedicated to nurturing the next generation of musical talent, whilst developing inclusivity and
accessibility to orchestral music. At its heart is creativity. musicianship and innovation leading to dynamic, high
quality performances and recordings displayed through, themed programmes, arresting and professional
production values. use of non-traditional venues. immersive experiences and our community work with schools
In setting objectives and planning for activities. the Trustees have given due consideration to general guidan
published by the Charity Commission relating to public benefit. including the guidance 'Public benefit.. running a
charity {PB2)'.
b. Strategies for achieving objectives
In October 2024 the charity launched at the start of the 24125 season under the rebranded name of Chromatica
Orchestra.
Page 2

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities {continued)
c. Activities undertaken to achieve objectives
In January 2024, prior to the rebranding. the orchestra made its Southbank debut in the Queen Elizabeth Hall.
The orchestra was then renamed and rebranded Chromatica, moving away from the previous regional
constraints of the name Bath Festival Orchestra. Alison Tedbury was appointed as Executive Director in
September 2024 at the start of the 24125 season. Tedbury was formerly Interim CEO at the Academy of St
Martin's in the Fields. The core 24125 programme was staged in wider arts venues as well as traditional concert
halls, designed to broaden the audience profile attending. The opening concert in October was staged at
Battersea Arts Centre,. featuring students from the Bobby Moore Academy (BMA) performing side by side with
the orchestra, at the inaugural concert of Chromatica. after Aaron Copland's Fanfare for the Common Man
opened the programme. The BMA students, participation in the concert was the culmination of the autumn
schools Orchestrate project with the David Ross Education Trust. Orchestrate is the orchestra's community
engagement programme, working with young students in secondary schools, instilling life skills through
supporting music education.
In line with the orchestra's mission of nurturing the next generation of musical talent, an Emerging Conductors,
Fellowship was launched. The first fellows, Tess Jackson and Chadotte Politi were appointed, each
directing 2 key orchestral events in the 2024125 season. Charlotte Politi conducted the opening October concert
at Battersea Arts Centre. Tess Jackson conducted the November cOn￿rt of Music and Readings for Armistice
Day, held at Southwark Cathedral in November '24.
Emerging young tslent was also evident with the choice of soloists. Kristine Balanas performed the Barber violin
concerto in the opening concert of the season and Ben Goldscheider was engaged for Richard Strauss, Horn
Concerto No 1 in Southwark Cathedral.
d. Main activities undertaken to further the Charity's purposes for the public benefit
Investing in music education and taking live orchestral music to broader audiences enriches lives and
communities, instilling valuable life skills. creating both social and economic value.
Achievements and performance
a. Main achievements of the Charity
Due to the rebranding there were only three con￿rtS in 2024 and one Orchestrate programme. Income sources
were 26 % down on 2023 with corresponding decrease in expenditure of 27 %.
b. Key performance indicators
Broadening funding sources, building the brand profile through all year round marketing and bedding in the
distinctive programming to widen audien￿ profile. resulting in increased ticket sales and added value
partnerships. These will all be metrics that are shared in repo￿.ng to the Trustees. in 2025.
Page 3

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (continued)
c. Factors relevant to achieve objectives
Executive leadership and inspired artistic programming with longer term planning is important to the
development and achievement of objectives.. A combination of inspired venue choices, arresting production
values and outstanding quality in dynamic programming content is critical to success. Developing existing and
introducing new partnerships will be key to both the education and concert programmes. Early career classically
trained orchestral players and conductors with an energy and social purpose to inspire and open doors for
diverse communities through the power of music will deliver. as the long term artistic, educational and financial
Suc￿sS of the orchestra is builL
d. Fundraising activities and income generation
Funding to date has been too dependent on a narrow base of hugely generous arts philanthropists and trust
grants. Over the next years there are clear fvndraising plans in pla￿ to broaden and deepen the income
sources. Match funding will be a core part of this plan. Ticket sales income will also grow as we see the return
on the investment into the tighter definition of our positioning in the orchestral market, brand development and
marketing activity.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements.
b. Reserves policy
It remains the policy of the trust that unrestricted funds which have not been designed for a specific use should
be maintained at a level belween three and six month's expenditure. There are currently no restricted funds, with
total funds carried fomard as of December '24 of £204.441. The Trustees consider that reserves at this level will
ensure that, in the event of a significant drop in funding. they will be able to continue the trust's current activities,
while consideration is given to ways in which additional funds will be raised.
c. Principal risks and uncertainties
With funding secured for the 2025126 season, the Trustees have assessed any other risks as minor and are
satisfied that systems are in place to mits-gate them.
d. Principal funding
The key funder of the charity in the current financial year was the Chair of the Board of Trustees.
Structure, governance and management
Page 4

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (continued)
a. Constitution
Chromatica Orchestra Limited is registered as a charitable company limited by guarantee and was set up by a
Memorandum and Articles of Association on 23 November 2004 as amended on 12 Feb 2020 and 31 May 2024.
The name of the Charity was changed from Bath Fests"val Orchestra to Chromatica Orchestra on 12 August
2024.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum and Articles of Association.
c. Organisational structure and decision-making policies
Executive Director reports to the Chair of the Board of Trustees. Once strategy and budget is signed off by the
Trustees, the Executive Director is key decision maker. referring back to board for guidance and decision
making on matters various as required. The team working with the Executive Director cover artistic direction and
programming, marketing and PR, production. education, finance and development.
d. Policies adopted for the induction and training of Trustees
The Board of Trustees will be expanded in 2025 and induction and training of Trustees considered at this time.
e. Pay policy for key management personnel
A competitive market rate is agreed to attract the best talent for the required roles
f. Related party relationships
In 2024 we continued our partnership with David Ross Education Trust on community engagement projects,
centred around introducing and developing orchestras in secondary schools. This programme titled Orchestrate,
will expand in 2025, as we stsrt a partnership with Music in Secondary Schools IMISST)
g. Financial risk management
With the plans for the expansion of the board. a formal risk register will also be signed off defining levels of
potential impact of any identified risk. with mitigation detailed and responsibility for monitoring designated to
appropriate senior manager.
h. Risk Management
With the plans for the expansion of the board. a formal risk register will also be signed off defining levels of
potential impact of any identified risk. with mitigation detailed and responsibility for monitoring designated to
appropriate senior manager.
Page 5

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for future periods
The new partnership with Music in Secondary Schools Trust (MISST) will deepen our Orchestrate Programme
and work with secondary schools.
A consolidation of activity in a regional area, following leamings from the 2024125 season will be planned and
tested for building local audience following appointment of an experienced Philanthropy Manager with longer
hours will lead to the implementation of recommendations identified by the Fundraising Strategy that has been
commissioned in 2024.
Commissioning a Community Engagement expert to develop and increase focus of the Orchestrate Programme
will be taken fo￿ard.
Researching areas out of London for building a base.
Investing in Marketing activity to raise brand and profile of Chromatica year round, rather than exclusively
focusing on the individual events. will be planned.
Allocating funding and resource to build the emerging conductor fellowship scheme faster, introducing a Young
Conductors, competition.
Growing the Board of Trustees to have sufficient complimentary skill sets represented.
Page 6

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
ststement of Trustees. responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law} are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Charity and of its incoming resources and application of resources, including its income
and expenditure. for that period. In preparing these financial statements. the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Thomas Charles Lewington
(Chair of Trustees)
Date: 2210512025
Page 7

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report to the Trustees of Chromatica Orchestra Limited I'the Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination. I report in respect of my examination of the Charity's accounts
carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have
followed the Directions given by the Charity Commission under section 145(5)(b} of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of the Institute of Chartered Accountants England & Wales, which is one of the listed bodies.
I have completed my examination. I confinn that no matters have come to my attention in connection with the
examination giving me cause to believe"
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act" or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of
an independent examination- or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102}1.
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 the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examiner's report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
lan Saunderson FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Dated. 2710512025
Page 8

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
443.857
9,188
443,857
9,188
551,034
62,091
Total income
453,045
453,045
613, 125
Expenditure on:
Raising funds
Charitable activities
13,821
344.929
13,821
344.929
507,565
Total expenditure
358.750
358.750
507,565
Net movement in funds
94,295
94,295
105,560
Reconciliation of funds:
Total funds brought forward
Net movement in funds
110,146
94.295
110,146
94,295
4,586
105,560
Total funds carried forward
204.441
204,441
110,146
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 22 form part of these financial statements.
Page 9

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: 05294373
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Intangible assets
10
6,732
6.732
Current assets
Debtors
Cash at bank and in hand
91.538
130.706
177,533
48,831
222.244
226, 364
Creditors.. amounts falling due within one
year
12
{24,535)
(116,218)
Net current assets
197.709
110,146
Total net assets
204,441
110, 146
Charity funds
Unrestricted funds
13
204,441
tIO,146
Total funds
204.441
110, 146
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial ststements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Thomas Charles Lewington
(Chair of Trustees)
Date. 2210512025
The notes on pages 11 to 22 form part of these financial statements.
Page 10

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
Chromatica Orchestra Limited is an incorporated charity established on 2311112004.This was registered
with the charity commission 27 May 2005.
The Charity was formerly known as Bath Festival Orchestra but changed it's name to Chromatica
Orchestra Limited on 31 May 2024.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
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> (effective 1 January 2019). the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Chromatica Orchestra Limited meets the definits.on of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless othewise stated in
the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death of the benefactor) and the
executor is satisfied that the propety in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when it is probable that it will be received and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
Charity, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is re￿iVed in advan￿ of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received. the income is accrued.
Page11

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Intangible assets and amortisation
Intangible assets costing £NIL or more are capitalised and recognised when future economic benefits
are probable, and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible
assets are measured at cost less any accumulated amortisation and any accumulated impairment
losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on
a straight-line basis over its expected useful life.
Amortisation is provided on the following basis"
Branding
20 % Straight line
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisits-on or opening of the deposit or similar account.
Page 12

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be ests"mated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Donations and gifts
Gift aid
318,515
75,031
50,311
318,515
75.031
50,311
Orchestral tax relief
443,857
443,857
Page 13

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies (continued)
Unrestricted
funds
2023
Total
funds
2023
Donations and gifts
Legacies
Orchestral tax relief
291,806
138,791
120,437
291, 806
138,791
120,437
551,034
551,034
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Income from charitable activities - Promoting the Knowledge,
Understanding and Appreciation of Music
9,188
9,188
Unrestricted
funds
2023
Total
funds
2023
Income from charitable activities - Promoting the Knowledge,
Understanding and Appreciation of Music
62,091
62,091
Page 14

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on raising funds
Fundraising trading expenses
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising and development expenses
13,821
13,821
Anatysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Promoting the Knowledge, Understanding and Appreciation of Music
344,929
344,929
Unrestricted
funds
2023
Total
2023
Promoting the Knowledge, Understanding and Appreciation of Music
507,565
507,565
Page 15

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Promoting the Knowledge, Understanding and Appreciation
of Music
172,361
172,568
344,929
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Promoting the Knowledge, Understanding and Appreciats"on
of Music
322, 525
185,040
507,565
Anatysis of direct costs
Promoting
the
Knowledge,
Understandi
ng and
Appreciatio
n of Music
2024
Total
funds
2024
Artistic Directors costs
24,600
8,801
22,526
2,417
36,854
8,500
10,904
57,759
24.600
8,801
22.526
2,417
36.854
8,500
10.904
57,759
Rehearsal costs
Musicians. costs - perfomiances
Education and Outreach costs
Performance costs
Conductor Costs
Soloist Fees
Musician Costs - Rehearsals
172,361
172,361
Page 16

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities (continued
Anatysis of direct costs (continuedl
Promoting
the
Knowledge,
Understandi
ng and
Appreciation
of Music
2023
Total
funds
2023
Artistic Directors costs
33, 800
17,269
165, 305
6,036
98, 780
1,335
33, 800
17,269
165,305
6,036
98, 780
1,335
Rehearsal costs
Musicians. costs- perfomiances
Education and Outreach costs
Performance costs
Other direct costs
322,525
322,525
Page 17

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities (continued
Anatysis of support costs
Promoting
the
Knowledge,
Understandi
ng and
Appreciatio
n of Music
2024
Total
funds
2024
Insurance
788
788
IT expenses
Accountancy & Independent Examination csots
Advertising and marketing
Amortisation charge
Travel costs
Website costs
3,508
21,132
64,793
1,188
4,650
39,584
1,157
641
3,508
21.132
64,793
1.188
4,650
39.584
1,157
641
Sundry expenses
Subscriptions
Consultancy
Bank fees
31,891
434
31,891
434
VAT adjustment
2,802
2,802
172,568
172,568
Page 18

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities (continued
Anatysis of support costs (continued)
Promoting
the
Knowledge,
Understandi
ng and
Appreciation
of Music
2023
Total
funds
2023
Insurance
127
127
IT expenses
Accountancy & Independent Examination csots
Advertising and marketing
Travel costs
265
8,972
72,389
11,686
1,033
659
265
8,972
72,389
11,686
1,033
659
Website costs
Sundry expenses
Subscriptions
Consultancy
Bank fees
VAT adjustment
616
59,377
389
29,527
616
59,377
389
29,527
185, 040
185, 040
Independent examiner's remuneration
2024
2023
Fees payable to the Charity's independent examiner for the preparation and
independent examination of the Charity's annual accounts
2,880
2,250
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 19

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Intangible assets
Branding
Cost
Additions
7,920
At 31 December 2024
7.920
Amortisation
Charge for the year
1,188
At 31 December 2024
1.188
Net book value
At 31 December 2024
6,732
At 31 De￿rnber 2023
11. Debtors
2024
2023
Due within one year
Trade debtors
2.442
89,096
9,596
167,937
Prepayments and accrued income
91,538
177,533
Page 20

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Creditors: Amounts falling due within one year
2024
2023
Trade creditors
17.110
81,489
19,159
15,570
Other taxation and social security
Accruals and deferred income
7.425
24,535
116,218
13. Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
General Funds- all funds
110,146
453,045
{358,750)
204,441
ststement of funds - prior year
Balance at
31
December
2023
Balance at
l January
2023
Income Expenditure
Unrestricted funds
General Funds- all funds
4, 586
613, 125
(507,565)
tIO,146
Page 21

CHROMATICA ORCHESTRA LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Analysis of net assets between funds
Anatysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Intangible fixed assets
Current assets
6,732
222,244
(24,5351
6,732
222,244
(24,535)
Creditors due within one year
Total
204,441
204,441
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Current assets
Creditors due within one year
226,364
(116,218)
226,364
(116,218)
Total
110, 146
110, 146
15. Related party transactions
During the year, 1 trustee made donations to the charity to the sum of £270,000.
Page 22