Charlty reglstratlon number 1109758 IEngland and Wales) Company reglstratlon number 05294373 CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Edward Gascoigne-Pees Charles Lemrington Amanda Nevill lan Stockley Andra Zobens-East (Appointed 18 March 20261 (Appointed 18 March 20261 Charty number (England and Wales} 1109758 Company number 05294373 Reglstered offlce clo BKL 35 Ballards Lane London N3 1XW Independent examln&r Edward Passmore BKLAudit LLP Charterèd Accountants & Stslulory Auditor 35 Ballards Lane N3 1XW
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees. report Independent examinerfs report Stslemenl of financial activities Balance sheet Notes to the financial statements 9-15
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees, present their annual report and financial stslemenls for the year ended 31 December 2025. The financial stslemenls have been prepared in accordance with the accounting policies set out in note 1 to the financial stslemenls and comply ¥Mth the charty's governing document. the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Pccounting 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 IFRS 1021 ObJgCtlves and actlvllles The objectives of the charity as per ils governing document are to advance and promote the education of thè public in the knOedge, understanding and appreciation of music. The charity is dedicated lo nurturing the next generation of musical talent, whilst developing inclusivity and assibIlItY to orchestral music. At ils heart is creativity. musicianship and innovation leading to dynamic. high- quality perfomiances and recordings displayed through, themed programmes, arresting and professional production values, use of non-traditional venues, immersive experiences and our community work with schools. Strategle$ for achlevlng alms and oblectlves 2025 was the first complete year as Chromalica. Throughout 2025 we sought consultancy for Education. Fundraising and Artistic input lo strengthen our objectives and foundations. Public benefit The Trustees have given due regard lo general guidance published by the Charity Commission, rdaling to public benefit, from the activities that the trust should undertake Activities In 2025 we continued to perform at Battersea Arts Centre IBACI with x2 family concerts that enabled us to engage with the younger audien in Battersea. We collaborated with Tess Jackson lone of our Emerging Conductors), students from MISST Imusic in Secondary School Trust) and Jessie Maryon Davies IMD, Presenlerl. In February 2025 we also performed al Wllons Music Hall wf(h the tslenled Robin Trilschler. In April the orchestra performed In the very centre of London at Milton Court Concert Hall, Bart)Ican. We look the opportunity 10 showcase our wind sections with Mozart Gran Partits. This was a great opportunity for the orchestra lo be flexible in terms of being a small ensemble as well as a full size orchestra. In May, we completed a rehearsal day for the orchestra with Charlotte Politi lone of our Emerging condLJCtorsl. We used the day to work as an ensemble and record some footage for use during the next season marketing campaign. One of the orchestra's aims was to take performances outside London and perform in other towns and cities, so in June 2025 we went to Saffron Walden lo perform our last concert of the season with violinist Francesca Dego. The start of the 25126 season look us lo Kings Place, Dorking Concert Hall, and Battersea Arts Centre. We worked with 2 young violin soloists for the Kings Place concert- one of them part of the YCAT scheme. Education and Outreach We have worked on our Outreach strategy this year and worked with Andra East lo do some consultancy for us. This was an extremely useful piece of work lo hone our focus for the next couple of years. We are Iking al Continuing our relationship ¥Mth MISST, Bobbi Moore Academy and also the music hubs that are local to Battersea. We have also engaged an Education and Community Manager.
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Emerglny Conductor Programme We are still putting our Emerging Conductor Programme al the ntre of our work. We are working wth Sian Edwards and Paul Hughes to PLJt some structure into our Emerging Conductor programme, making it more robust and meaningful for the conductors who are part of the scheme. Achievements and perfom7ance Significant activities and achievements against objectives We had 6 performances in 2025. Signrfieant factors Key performance indicators Building the brand and our audiences- espeaally in Battersea. Partnerships with educational hubs. Broadening funding sources, building the brand profile through all year-round maikeling and bedding in the distinctive programming lo widen audience profile, resulting in increased lickel sales and added value partnerships. These wll all be metrics that are shared in reporting to the Trustees, in 2026. 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 prDduclion values and outstanding quality in dynamic programming content is critical lo success. Developing existing and introducing new partnerships wll be key lo both the education and concert programmes. Early career classically trained orchestral players and conductors with an energy and social purpose lo inspire and open doors for diverse communities through the power of music will deliver, as the long lemi artistic, educational and financial success of the orchestra is bu1. Fundraising activities and income generation This progress of this has been slower than anticipated due to needing to make some staff changes. Whilst we still need to broaden the fjjndraising base, we are now in a position to focus our efforts more on strategic funding plans. We are experimenting with a different ticketing structure at Battersea Arts Centre lo see if this makes a noticeable difference lo our income from ticket sales. Financial review Golng ¢oncem After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate financial reSoUrS to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial slalements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. Reserves policy 11 remains the policy of the trust that unrestricted funds which have not been designed for a specific use should be maintained at a level between three and six month's expenditure. There are Currently no restricted fvnds, wlh total funds carried forward as of 31 December 2025 £215,085. The Trustees consider thal 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. Total income amounted to £482,548 against expenditure of £471,924. Principal funding sources The key funder of the charity in the current financial year was the Chair of the Board of Trustee& We did secure another significant monitory gift from a donor which we hope will be repeated in future years.
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Majorrisks With funding secured for the 2026127 season, the Trustees have assessed any other risks as minor and are satisfied that systems are in pla to mitigate them. Plans for future periods The continued partnership with Musi¢ in Secondary Schools Trust IMISSTI will deepen our Education Programme and work wi(h secondary schools. We wll also stsrt mapping projects with the Education hubs that are k*n lo work with us. We will continue lo grow our activity in a regional area, following learnings from the 2025126 se&on. We will build on the relationship we already we have at BAC and learn more about the demographics in the area. Continue to expand our Marketing and Social Media activity lo raise brand and profile of Chromalica through the whole year. Allocating funding and strategy to our Emerging Conducting Programme. To work with freelance Artistic Directors lo help create exciting and impactful programmes that are on brand, and will help encourage more audience. StrUure. governance and managemenl Chromalica 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 B8lh Festival Orchestra to Chromalica Orchestra on 12 August 2024. The Trustees,, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signature of the financial statements were". Edward Gascoigne-Pees (Appointed 18 March 20261 Charles Lewington Amanda Nevill lan Stockley Andra Zobens-East (Appointed 18 March 20261 Recruitment and appointment of trustees The management of the Charity is the responsibility of the Trustees who are elected and ctropted under the tems of the Memorandum and Articles ofAssociation. None of the Trustees. has any beneficial interest in the company. All of the Trustees, are members of the company and guarantee lo contribute £1 in the event of a winding up. Orgonisational $lru¢lure The Executive Director reports to the Chair of the Board of Trustees. on strategy and budget is signed off by the Trustees, the Executive Director is key decision maker, iefèrring back lo board for guidance and deasion making on matters various as required. The team working with the Executive Director cover artistic direction and programming, marketing and PR, produdion, education, finance and development. Remuneration poliey A competrtive market rate is agreed to attract the best talent for the required roles.
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees, report was approved by the Board of Trustees.. a4/ Chair of trustees Date.. 2210512Q26
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees,, who are also the directors of Chromatica Orchestra Limited Iformerfy Bath Festival Orchestral for the purpose of company law, are responsible for preparing the Trustees, Report and the financial Statem1$ 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 year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the incorne and expenditure, of the charrfcable company for that year. In preparing these financial statements, the Trustees, are required lo.. select suitable accounting policies and then apply them Consistently., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent, slate whether applicable UK Accounting Stsndards have been followed, subject lo any matèrial departures disclosed and explained in the financial slalements", and prepare the financial slalements on the going concern basis unless il is inappropriate lo presunE that the charity will continue in operation. The Trustees, are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial stslements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES. OF CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) report to the Trustees, on my examination of the financial statements of Chromatica Orchestra Limited (formerly Bath Festival Orchestral (the charity) for the year ended 31 December 2025. Ro$pon$lbllltlgs and ba$1$ of r9POrt As the Trustees, of the charity land also ils directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity'5 financial slalements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Direcbons given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's statement Since the charity's gross income exceeded £250,000, the independent examiner musl be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination becaLJse 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 wnfirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial slalements do not accord with those re¢ords,' or the financial slalements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial ststemenls give a true and fair view, which is not a matter considered as part of an independent examination," or the financial slalements have not been prepared in accordance with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 lo enable a proper understanding of the financial slalements lo be reached. This report is made solely lo the Charity's Trustees, as a body, in accordance with Part 4 of the Charities IAccounls and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Charity's Tiuslees those matters l am required lo slate lo them in an Independent examiner's report and for no other purpose. To the fullest exlenl 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. Edward Passmore FCA BKL Audit LLP Chartered Accountants & Ststutory Auditor 35 Ballards Lane London N3 1XW Date". 2210512026
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlcted Unr9$trlctèd funds funds 2026 2024 Notes Income from: Donations and legacies Charitable activities 457,898 24,650 443,857 9,188 Total income 482,548 453,045 Expenditure on- Raising funds Charitable activities 19,435 452,489 13,821 344,929 Total expenditure 471,924 358,750 Net Income and movement In funds 10,624 94,295 Reconciliation of funds- Fund balances al 1 January 2025 204,441 110,146 Fund balances at 31 December 2026 215,(E5 204,441 The statement of finanaal adivities indudes all gains and losses rewgnised in the year. All income and expenditure derive from continuing activities.
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Fixed assets Intangible assets 5,148 6,732 Current assets Debtors Cash at bank and in hand 10 114,769 130,417 91,538 130,706 245,186 222,244 Credltors: amounts falllng due wlthln one year 11 135,2691 124,5351 Net current assets 209,917 197,709 Total a35ets less current liabilities 215,065 204,441 The funds of the charlty Unrestricted funds 12 215,085 204,441 215,065 204,441 The charitable company is enliled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025. The directors acknowledge their responsibilities for complying wth the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an aLJdit of its financial statements for the year in question in accordance with section 476. These financial ststemenls have been prepared in accordan ¥Mth the provisions applicable to companies subject to the small companies regime. The financial ststements were approved by the Trustees. on . 2210512026 Chair of trustees Company registration number 05294373 (England and Wales)
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Charity infomiation Chromatica Orchestra Limited (formerly Bath Festival Orchestral is a charitable company limited by guarantee incorporated in England and Wales. 11 was established on 23rd November 2004 and subsequently registed th the charity commission on 27 May 2005. The registered office is clo BKL, 35 Ballards Lane, London, N3 1XW. 1.1 Accounting convention The financial slalemttnls have been prepared in accordancè with the charity's governing document, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland" and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their a¢¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not lo prepare a statanent of cash flows. The financial statements are prepared In slerfing, which is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial slatemenls, the Trustees, have a reasonable expectation that the charity has adequate resour$ lo continue in operational existen for the foreseeable future. Thus the Trustees, continue to adopt the going concern basis of accounting in preparing the financial ststemenls. 1.3 Charitable funds Unrestrictèd funds a available for use al the discretion of the Trustees, in furtherance of their charitable objectives. 1.4 Income Income 15 recognised when the charity is legally entitled to il after any performance conditions have been met, the amounts can be measured reliably, and il is probable that Income will be received. Cash donations are recognised on reIPt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. 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 thè Balance sheet. Mthere income is reiVed in advance of enlillemenl of receipt, its recognition is deferred and included in creditors as deferred income. Where entillemenl occurs before income is received, the income is accrued.
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is 8 legal or constructive obligation lo transfer economic benefit lo a third paty, it is probable that a transfer of economic benefits will be required in selllemenl, 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 dIrt costs and shared costs, induding support costs involved in undertaking each activity. Direct costs attribLJtable 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 betseen those aclivilyès on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Intsnglble flxed a$s&ts other than goodwlll Intangible assets acquired separately from a business are recognised at cost and are subsequently measured al cost less accumulated amortisation and accumulated Impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill al the acquisition date where il is probable that the expected future economic benefits that are attributable lo the asset wll flow to the enlily and the fair value of the asset can be measured reliably., the intangible asset arises from contractual or other legal rights,. and the intangible asset is separable from the entity. Amortisation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Branding 200/0 Straight line 1.7 Impairment of fixed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible and intangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment loss lif anyi. 1.8 Cash and cash equivalents Cash and cash equivalents Indude cash in hand, deposits held at call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafis are shown thin borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions of the Inslrumenl. Financial assets and liabilities are offset, wfth the net amounts presented in the financial slatemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net basis or lo realise the asset and setue the liability simultaneously. 10-
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies (Continued) BasiTC financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured at the present value ol the ftjlure receipts di$Unted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable thin one year are not afflort15ed. Debt instruments are subsequenuy carried al amortised cost, using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequenuy measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enliuement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination bènefits. Income from donations and legacies Unrestricted funds 2025 Unrastrictgd funds 2024 Donations and grfts Gift aid Orchestral tax relief 360,500 12,625 84,773 318,515 75,031 50,311 457,898 443,857
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from charltable actlvltles Unrestricted funds 2025 Unrestricted funds 2024 Promoting the Knowledge, Understsnding and Appreciation of Music 24,850 9,188 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundralslng tradlng expenses Fundraising and development expenses 19,435 13,821 Expenditure on charitable activities 2025 2024 Direct costs Artistic directors, costs Rehearsal costs Musicians, costs- performances Education and Outreach costs Performance costs Conductor costs Soloist fees Musicians costs- Rehearsals 24,950 15,289 43,273 18,189 62,338 20,150 9,700 62,107 24.600 8,801 22,526 2,417 36,854 8.500 10,904 57,759 255,996 172,361 Share of support and governance costs Isee note 61 Support 198,493 172,568 452,489 344,929 Analysis by fund Unreslricled funds 452,489 344,929 12-
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs allocated to actlvltles 2025 2024 Depreciation Insurance IT expenses Website costs Advertising and marketing Travel costs 1,584 1,343 4,750 7,254 57,063 5,634 1,188 788 3,508 39,584 64,793 4,650 k 11 Bank fees Subscriptions Consultancy VAT adjLJStmenl Sundry expenses Governance costs 521 1,090 77,569 17,150 851 21,684 434 641 31,891 2,802 1,157 21,132 196,493 172,568 Analysed between: Promoting the Knowledge, Understsnding and Appreciation of Music 196,493 172,568 Net movement In funds 2025 2024 The nel movement in funds is slated after chargingllcredilingl". Fees payable for the independent examination of the charty's financial slalements Amortisation of intangible assets 3,500 1,584 2,880 1,188 Trustees. None of the Trustees, lor any persons connected with them) received any remuneration or benefits from the charity during the year. 13-
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Intsnglble flxed assets Brandlng Cost Al 1 January 2025 and 31 Dernber 2025 7,920 Amortisation and impaimient Al 1 January 2025 Amortisation charged for the year 1,188 1,584 Al 31 December 2025 2,772 Carrying amount Al 31 December 2025 5,148 Al 31 December 2024 6,732 10 Debtors 2025 2024 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 1,071 85,288 28,410 2,442 75,774 13,322 114,769 91,538 11 Creditors- amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred Income 22,178 13,091 17,110 7,425 35,269 24,535 14-
CHROMATICA ORCHESTRA LIMITED (FORMERLY BATH FESTIVAL ORCHESTRA) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Unrestrlcted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated ftjnds which have been sel aside out of unreslricled ftjnds by the trustees for specific purposes. At 1 January 2026 Incomlng resources Resources expended At31 December 2025 General funds 204,441 482,548 1471,9241 215,065 Previous year- At 1 January 2024 Incoming Resources resources expended At31 December 2024 General funds 110,146 453,045 1358,7501 204,441 13 Related party transactlons Transactions with related parties During the year the charity entered into the follo¥Mng transactions with related parties.. One trustee made donations lo the charity to the sum of £300,00012024.' one trustee- £270,0001. 15-