2022-03-31-accounts - Orchestras Live

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				Page
Report of	the Trustees
Report of	the Independent		Auditors	27
Statement	of Financial	Activities		30
Balance Sheet				31
Statement	ofCash Flows			32
Notes to the Financial		Statements		33

Focus area	Key performance indicator
	Partners report positive impact on practice relating to:
	1. Engaging with new segments oftheir community
	2. Engaging with their community in new ways
	Projects deliver orchestral experiences that connect participants,
	audiences and performers in shared experiences.
Programme
	Orchestras report positive impact on practice in developing		inclusivity
	and relevance
	Increase the average percentage of projects featuring	diverse
	creative practitioners including: Commissions of new work		(including
	collaborative compositions) from diverse artists.
Communications	Online engagement increases against 2020/21 baseline

Impact and Insight'„:	Impact and reporting systems are updated meaningful analysis for the Board.	and	refined	refined	to provide
	Board set target and action plan for Orchestras		Live	governance,
Resour'ces:, Govemanc'e	internal systems and processes to cement	an	inclusive		approach
:and Expertise '.
	ACE approval of2022/23 business plan
	Reported progress towards achieving Core funding			target for
	2021/22 in terms of:
	1. Funds raised towards core costs
	2. Engagement with strategic funders
'Resource's: Income '".
	Budget spent on programme of activity coming		from	external sources
	Income coming from new sources, setting	growth targets for future
	years

				2022	2022	2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME FROM:
Grants, donations and legacies				562,950	99,027	661,977	776,577
Charitable activities				168,224		168,224	152,114
Investments				2,558		2,558	3,345
Total income				733,732	99,027	832,759	932,036
EXPENDITURE ON:
Raising funds				54,917		54,917	45,925
Charitable activities				815,783	186,921	1,002,704	560,210
Total expenditure				870,700	186,921	1,057,621	606,135
NET (EXPENDITURE) / INCOME BEFORE TAX			8	( 136,968)	( 87,894)	( 224,862)	325,901
Corporation tax credit			10	16,153		16,153	10,996
NET (EXPENDITURE) / INCOME				( 120,815)	( 87,894)	( 208,709)	336,897
Transfers between funds			15
Net (outgoing) / incoming	resources	before
other recognised gains and losses				( 120,815)	( 87,894)	( 208,709)	336,897
Other recognised gains and losses
Actuarial gains / (losses) on defined		benefit
pension schemes				200,000		200,000	( 80,000)
Net movement in funds				79,185	( 87,894)	( 8,709)	256,897
Total funds brought forward				495,225	136,416	631,641	374,744
Total funds carried forward			15	574,410	48,522	622,932	631,641

						2022	2022	2021	2021
					Notes
Fixed assets
Tangible assets
Current assets
Debtors: falling due		within one year			12	46,577		23,360
Debtors: falling due		after more than one year			12	60,000		60,000
Cash at bank and	in	hand				37,778		29,661
Cash on deposit						686,766		840,950
						831,121		953,971
Liabilities
Creditors: amounts		falling due within oneyear			13	(142,189)		( 81,689)
Net current assets							688,932		872,282
Creditors: amounts		falling due after more than
one year					14				( 47,641)
Net assets excluding			pension	liability			688,932		824,641
Defined benefit pension			scheme	liability	20		( 66,000)		( 193,000)
Total net assets							622,932		631,641
The funds ofthe	charity
Unrestricted funds							640,410		688,225
Pension reserve							( 66,000)		( 193,000)
Restricted funds							48,522		136,416
Total charity funds							622,932		631,641

							2022	2022	2021	2021
					Notes
Cash flows from operating	activities:
Net cash (used in) / provided	by operating				activities	A		( 98,615)		271,543
Cash flows from investing	activities:
Interest received							2,548		4,093
Net cash provided by investing activities								2,548		4,093
Cash flows from financing	activities:
Cash inflows from new borrowing									50,000
Repayments of borrowing							( 50,000)
Net cash (used in) / provided	by financing			activities				( 50,000)		50,000
Change in cash and cash	equivalents		in the year					( 146,067)		325,636
Cash and cash equivalents	at the beginning				ofthe year			870,611		544,975
Cash and cash equivalents	at the end		ofthe year					724,544		870,611
Represented by:
Cash at bank and in hand								37,778		29,661
Cash on deposit								686,766		840,950
								724,544		870,611
A. Reconciliation ofnet expenditure		to		net cash flow		from	operating	activities
Net (expenditure) / income for the year								( 208,709)		336,897
As per the Statement ofFinancial Activities
Adjustments for:
Interest receivable Defined benefit pension scheme - finance cost							( 2,558) 3,000		( 3,345) , "1,000
Defined benefit pension scheme -service cost							70,000		23,000'
(Increase) / decrease in debtors							( 23,207)		41,506
Increase / (decrease) in creditors							62,859		( 127,515)
								110,094		( 65,354)
Net cash (used in) / provided	by operating				activities			( 98,615)		271,543

					2022	2021
	Arts Council England National Portfolio grant				487,950	487,950
	Charitable foundations and other donations:
	Arts Council Create Space NLP				38,784
	Association ofJewish Refugees				2,500
	Chivers Trust				2,000
	Culture Recovery Fund					92,846
	Darlington Borough Council					4,214
	Derbyshire County Council					6,377
	The D'Oyly Carte Charitable	Trust				3,000
	Esmee Fairbairn Foundation				55,000	10,000
	Foyle Foundation				20,000
	Ganzoni Charitable Trust				1,000
	Garfield Weston Foundation					25,000
	The Harold Hyman Wingate	Foundation				3,750
	Mayfield Valley Arts Trust					5,000
	North Walsham HAZ Cultural	Consortium			10,000
	NYMAZ					3,000
	Peter Sowerby Foundation				10,875	11,500
	Radcliffe Trust					3,500
	Selby Town Council				500	1,000
	Weston Culture Fund					107,500
	The Wixamtree Trust					5,000
	Unrestricted donations					340
	Project and conference contributions		in kind		33,368	6,600
					661,977	776,577
	The comparative figure includes	restricted		income of2157,441.
3	INCOME FROM CHARITABLE	ACTIVITIES
					2022	2021
	Partnership investments				161,839	151,673
	Promoter and other partner contributions				3,039
	Consultancy and commission fees				3,346	441
					168,224	152,114

INCOME FROM INV	ESTMENTS
		2022	2021
Essex Pension Fund	bond interest	10
Hodge Bank deposit	interest	1,736	2,051
Charity Bank deposit	interest	760	1,244
CAF Bank and other	interest	52	50
		2,558	3,345
EXPENDITURE ON	RAISING FUNDS
		2022	2021f
Staff costs		53,513	44,833
Other fundraising costs		1,404	1,092
		54,917	45,925
EXPENDITURE ON	CHARITABLE ACTIVITIES
		2022	2021
Activity costs funded	directly	131,627	31,466
Activity costs funded	by grants	294,031	57,312
Creative digital producer costs		15,220
Project costs in kind		33,368	6,600
Direct costs ofconsultancy services		695
Staff costs		237,411	216,391
Allocation of support	costs (note 7)	290,352	248,441
		1,002,704	560,210

7	SUPPORT COSTS
					2022	2021
	Staff costs				217,968	196,245
	Staff recruitment				2,150	120
	Defined benefit pension	finance	cost - see Note 20		3,000	1,000
	Training and conferences				2,234	690
	Premises costs				11,517	6,615
	PR and communications				4,720	8,226
	IT and computer costs				3,450	1,902
	Printing and stationery				10	149
	Postage and telecommunications				884	943
	Travelling and subsistence				7,970	( 20)
	Accountancy fees and	payroll			26,140	24,933
	Legal and professional	fees			3,204	786
	Bank charges				94	75
	Miscellaneous expenses				1,768	831
	Governance costs:
	Trustees' expenses for attending meetings				775	( 139)
	Trustee board development				140	650
	Auditors' remuneration	for audit services			3,750	4,200
	FRS 102report and actuarial		valuation	costs	578	1,235
					290,352	248,441
8	NET (EXPENDITURE)	/ INCOME			2022	2021
	Net (expenditure) / income is stated after			charging:
	Auditors' remuneration	for audit services			3,750	4,200
9	STAFF COSTS				2022	2021
	Gross salaries				324,347	320,513
	National Insurance contributions				29,264	29,636
	Pension contributions				83,720	82,750
	Defined benefit pension	service	cost - see Note 20		70,000	23,000
	Pension scheme administration				1,561	1,570
					508,892	457,469

10	TAXATION				2022	2021
	Orchestra Tax	relief - repayable		credit	16,153	10,996
11	TANGIBLE FIXEDASSETS
					Fixtures,
					fittings and
					equipment	Total
	Cost
	Brought forward	at 1 April 2021			3,421	3,421
	Carried forward	at 31 March	2022		3,421	3,421
	Depreciation
	Brought forward	at 1 April 2021			3,421	3,421
	Carried forward	at 31 March	2022		3,421	3,421
	Net book value
	At 31 March 2022
	At 31 March 2021
12	DEBTORS
					2022	2021
	Amounts falling	due within one year:
	Trade debtors				22,303	1,200
	Tax recoverable				16,153	10,996
	Other debtors,	prepayments	and accrued income		8,121	11,164
					46,577	23,360
	Amounts falling	due after more than one year:
	Essex Pension	Fund bond			60,000	60,000

13	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING	DUE WITHIN ONE YEAR	DUE WITHIN ONE YEAR
						2022f	2021
	Covid 19bounce	back loan	due within		one year		2,359
	Trade creditors					42,983	8,049
	Other tax and social security					7,964	10,525
	Accruals					67,869	46,497
	Deferred income					23,373	14,259
						142,189	81,689
	Deferred income	comprises:
	Income deferred	from the	previous	year		14,259	81,164
	Released to the	statement	offinancial		activities	( 14,259)	( 81,164)
	Arising during the	current year:
	Amounts invoiced in advance					23,373	3,384
	Grants required	to be spent in future			periods		10,875
						23,373	14,259
14	CREDITORS: AMOUNTS		FALLING	DUE AFTER MORE THAN ONE YEAR
						2022f	2021f
	Covid 19bounce	back loan	due after	more than one year			47,641
							47,641

MOVEMENT IN FUNDS - CURRENT YEAR	MOVEMENT IN FUNDS - CURRENT YEAR		Net	Transfers
		At 1April	movementin	between	At 31
		2021	funds	funds	March 2022
Unrestricted funds
General Fund		174,721	( 387,463)	436,115	223,373
PR &Communications (designated)		6,079		( 4,574)	1,505
Partnership Fund (designated)		364,272	138,288	( 146,673)	355,887
Programme Fund (designated)		63,280	487,775	( 536,075)	14,980
Projects Fund (designated)		79,873	( 289,066)	253,858	44,665
Consultancy 8 Commission	(designated)		2,651	( 2,651)
		688,225	( 47,815)		640,410
Pension reserve		( 193,000)	127,000		( 66,000)
		495,225	79,185		574,410
Restricted funds
Partnership Fund (restricted)		1,239	( 1,239)
Arts Council Create Space NLP			19,091		19,091
Scops Arts Trust		5,000	( 5,000)
Peter Sowerby Foundation		9,125	( 9,125)
Weston Culture Fund		102,500	( 73,069)		29,431
Projects		18,552	( 18,552)
		136,416	( 87,894)		48,522
TOTAL FUNDS		631,641	( 8,709)		622,932

Net movement in funds, incl	uded in the above,	are as follows:
				Other
				recognised gains I	Movement
		Incoming	Resources	losses &	before
		resources	expended	tax	transfers
Unrestricted funds
General Fund		101,109	( 504,725)	16,153	( 387,463)
Pension reserve			( 73,000)	200,000	127,000
Partnership Fund (designated)		138,288			138,288
Programme Fund (designated)		487,950	( 175)		487,775
Projects Fund (designated)		3,039	( 292,105)		( 289,066)
Consultancy 8 Commission	(designated)	3,346	( 695)		2,651
		733,732	( 870,700)	216,153	79,185
Restricted funds
Partnership Fund (restricted)			( 1,239)		( 1,239)
Arts Council Create Space NLP		38,784	( 19,693)		19,091
Scops Arts Trust			( 5,000)		( 5,000)
Peter Sowerby Foundation		10,875	( 20,000)		( 9,125)
Weston Culture Fund			( 73,069)		( 73,069)
Projects		49,368	( 67,920)		( 18,552)
		99,027	( 186,921)		( 87,894)
TOTAL FUNDS		832,759	( 1,057,621)	216,153	( 8,709)

MOVEMENT IN FUNDS - PRIOR YEAR	MOVEMENT IN FUNDS - PRIOR YEAR	MOVEMENT IN FUNDS - PRIOR YEAR		Net	Transfers
			At 1April	movement in	between	At 31
			2020	funds	funds	March 2021
Unrestricted funds
General Fund			110,579	( 308,366)	372,508	174,721
PR 8 Communications	(designated)				6,079	6,079
Partnership Fund (designated)			304,396	129,779	( 69,903)	364,272
Programme Fund (designated)			8,500	487,950	( 433,170)	63,280
Projects Fund (designated)			5,893	( 50,947)	124,927	79,873
Consultancy 8 Commission		(designated)		441	( 441)
			429,368	258,857		688,225
Pension reserve			( 89,000)	( 104,000)		( 193,000)
			340,368	154,857		495,225
Restricted funds
Partnership Fund (restricted)			2,239	( 1,000)		1,239
Foyle Foundation			5,250	( 5,250)
Scops Art Trust			10,000	( 5,000)		5,000
Peter Sowerby Foundation			625	8,500		9,125
Weston Culture Fund				102,500		102,500
Projects			16,262	2,290		18,552
			34,376	102,040		136,416
TOTAL FUNDS			374,744	256,897		631,641

							Other
					Incoming	Resources	recognised gains I	Movement before
				resources		expended	losses	transfers
Unrestricted funds
General Fund					156,425	( 475,787)	10,996	( 308,366)
Pension reserve						( 24,000)	( 80,000)	( 104,000)
Partnership Fund (designated)					129,779			129,779
Programme Fund (designated)					487,950			487,950
Projects Fund (designated)						( 50,947)		( 50,947)
Consultancy &Commission		(designated)			441			441
Restricted funds					774,595	( 550,734)	( 69,004)	154,857
Partnership Fund (restricted)					6,377	( 7,377)		( 1,000)
Foyle Foundation						( 5,250)		( 5,250)
Scops Art Trust Peter Sowerby Foundation					11,500	( 5,000) ( 3,000)		( 5,000) 8,500
Weston Culture Fund					107,500	( 5,000)		102,500
Projects					32,064	( 29,774)		2,290
					157,441	( 55,401)		102,040
TOTAL FUNDS					932,036	( 606,135)	( 69,004)	256,897
Details ofdesignated	and restricted		funds are as shown		in Note 15.
ANALYSIS OF NET	ASSETS BETWEEN FUNDS - CURRENT YEAR
						Unrestricted	Restncted	Total
						funds	funds	fundsf
Fund balances at 31	March	2022 are represented		by:
Tangible fixed assets
Net current assets						640,410	48,522	688,932
Defined benefit pension scheme			provision			( 66,000)		( 66,000)
						574,410	48,522	622,932

ANALYSIS OF NET	ASSETS BETWEEN FUND	S -PRIOR YE	AR
			Unrestricted	Restricted	Total
			funds	funds	funds
Fund balances at 31	March 2021 are represented	by:
Tangible fixed assets
Net current assets			735,866	136,416	872,282
Creditors: amounts	falling due after more than	one year	( 47,641)		( 47,641)
Defined benefit pension scheme provision			( 193,000)		( 193,000)
			495,225	136,416	631,641

	At 31	At 31
	March	March
Principal actuarial assumptions:	2022	2021
Salary increases	3.15'/o	2 75o/o
Pension increases (CPI)	3.15'/o	2 75o/o
Discount rate	2 60o/	2 00o/o

assumed	life expectations on retirement at age 65are:
		At 31	Af31
		March	March
		2022	2021
		Years	Years
Refiring	today
Males		21.60	21.60
Females		23.70	23.60
Retiring	in 20years
Males		23.00	22.90
Females		25.10	25.10

				Fair value	Fair value
				at31March	at31March
				2022	2021
Equities				1,043,000	954,000
Gilts				41,000	40,000
Other bonds				76,000	77,000
Property				142,000	110,000
Cash / temporary		investments		44,000	73,000
Alternative assets				215,000	178,000
Other managed	funds			175,000	112,000
Total market value		ofassets		1,736,000	1,544,000
Present value ofscheme			liabilities - funded	( 1,802,000)	( 1,737,000)
Deficit in the scheme				( 66,000)	( 193,000)

Amounts reco	gnised in the Stateme	nt of Financial Activities:
			2022	2021
Current service	cost (net ofemployee	contributions)	153,000	105,000
Net interest cost / (credit)			3,000	1,000
Administration	expenses		1,000	1,000
Total operating	charge		157,000	107,000

PENSION OBLIGA	TIONS c	TIONS c	ontinued	ontinued
Movements in the	present		value ofdefined benefit obligations		were as follows:
						2022	2021
At 1 April 2021						1,737,000	1,201,000
Current service cost						153,000	103,000
Interest cost						34,000	28,000
Change in financial	assumptions					( 78,000)	410,000
Change in demographic		assumptions					( 14,000)
Experience gain on	defined		benefit obligation			4,000	( 10,000)
Benefits paid net of	transfers			in		( 73,000)	( 8,000)
Past service costs,	including			curtailments			2,000
Employee contributions						25,000	25,000
At 31 March 2022						1,802,000	1,737,000
Movements in the	fair	value		ofthe charity's share ofthe scheme assets were:
						2022	2021
At 1 April 2021						1,544,000	1,112,000
Interest income						31,000	27,000
Return on assets less interest						126,000	306,000
Administration expenses						( 1,000)	( 1,000)
Employer contributions						84,000	83,000
Employee contributions						25,000	25,000
Benefits paid net of	transfers			in		( 73,000)	( 8,000)
At 31 March 2022						1,736,000	1,544,000