2023-03-31-accounts - Orchestras Live

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		Page
Report ofthe Trustees
Report ofthe Independent	Auditors	28
Statement of Financial Activities		31
Balance Sheet		32
Statement ofCash Flows		33
Notes to the Financial Statements		34

Foous area	Nsy performance indicator
	Partners report positive impact on	practice relating	to:
	L 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
	Orchestrss report positive impact	on practice in developing			inciusivity
	snd relevance
	Increase ths average percentage	ofprojects featuring		diverse
	creative practitioners including: Commissions ofnew work (including
	collaborative compositions) from diverse artists.
	Development ofstrategic Ol partners communications			plan
	skills and knowledge on inclusive	communications	practice
Communications	New advocacy strategy
	Attendance figures maintained for	Regenerate events
	Trustees agree and set individual	advocacy plans

	Identify key areas and tools to gather	evidence	from	the sector to	the sector to
Impact and Insight	support producing, advocacy and funding development plans Update impact and reporting systems to provide meaningful				analysis
	for the Board
	Board set target and action plan for Orchestras		Live	governance,
Resources.- Governance	internal systems and processes to cement an Inclusive approach
and Expertise
	2023-26 Arts Council England NPO	application	successful
	Reported progress towards achieving	Core funding		target for
	2022/23 in terms of:
	1. Funds raised towards core costs
	2. Engagement with strategic funders
Resources: Income
	Budget spent on programme of activity	coming from		external	sources
	Income coming from new sources, setting growth targets for				future
	years

				2023	2023	2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME FROM:
Grants, donations and legacies			2	556,950	76,502	633,452	661,977
Charitable activities			3	215,993		215,993	168,224
Investments			4	7,944		7,944	2,558
Total income				780,887	76,502	857,389	832,759
EXPENDITURE ON:
Raising funds			5	70,127		70,127	54,917
Charitable activities			6	856,493	72,570	929,063	1,002,704
Total expenditure				926,620	72,570	999,190	1,057,621
NET EXPENDITURE BEFORETAX			8	( 145,733)	3,932	( 141,801)	( 224,862)
Corporation tax credit			10	25,550		25,550	16,153
NET EXPENDITURE				( 120,183)	3,932	( 116,251)	( 208,709)
Transfers between funds			14
Net outgoing resources	before other
recognised gains and losses				( 120,183)	3,932	( 116,251)	( 208,709)
Other recognised gains	and losses
Actuarial gains I(losses)	on defined	benefit
pension schemes				731,000		731,000	200,000
Net movement in funds				610,817	3,932	614,749	( 8,709)
Total funds brought forward				574,410	48,522	622,932	631,641
Total funds carried forward			14	1,185,227	52,454	1,237,681	622,932

				2023	2023	2022	2022
			Notes
Fixed assets
Tangible assets
Current assets
Debtors: falling due	within one year		12	178,178		46,577
Debtors: falling due	after more than one year		12	60,000		60,000
Cash at bank and in hand				17,555		37,778
Cash on deposit				624,799		686,766
				880,532		831,121
Liabilities
Creditors: amounts	falling due within one year		13	( 244,851)		( 142,189)
Net current assets					635,681		688,932
Net assets excluding		pension scheme			635,681		688,932
Defined benefit pension		scheme asset / (liability)	19		602,000		( 66,000)
Total net assets					1,237,681		622,932
The funds ofthe charity
Unrestricted funds					583,227		640,410
Pension reserve					602,000		( 66,000)
Restricted funds					52,454		48,522
Total charity funds			14		1,237,681		622,932

						2023	2023	2022	2022
				Notes				8	6
Cash flows from	operating	activities:
Net cash used in	operating	activities			A		( 88,860)		( 98,615)
Cash flows from	investing	activities:
Interest received						6,670		2,548
Net cash provided	by investing activities						6,670		2,548
Cash flows from	financing	activities:
Repayments of borrowing								( 50,000)
Net cash used in	financing	activities							( 50,000)
Change in cash	and cash	equivalents	in	the year			( 82,190)		( 146,067)
Cash and cash equivalents		at the beginning		of the year			724,544		870,611
Cash and cash equivalents at the end of				the year			642,354		724,544
Represented by:
Cash at bank and in hand							17,555		37,778
Cash on deposit							624,799		686,766
							642,354		724,544
A. Reconciliation	of net expenditure		to net cash flow		from	operating	activities
Net (expenditure)	I income	for the year					( 116,251)		( 208,709)
As per the Statement ofFinancial Activities
Adjustments for:
Interest receivable						( 7,944)		( 2,558)
Defined benefit	pension scheme - finance			cost		1,000		3,000
Defined benefit	pension scheme - service			cost		62,000		70,000
(Increase) in debtors						( 130,327)		( 23,207)
Increase in creditors						102,662		62,859
							27,391		110,094
Net cash used in	operating	activities					( 88,860)		( 98,615)

2	INCOME FROM GRANTS, DONATIONS	INCOME FROM GRANTS, DONATIONS	INCOME FROM GRANTS, DONATIONS	AND LEGACIES
					2023	2022
						6
	Arts Council England National Portfolio grant				487,950	487,950
	Charitable foundations and other	donations:
	Arts Council Create Space NLP					38,784
	Association of Jewish Refugees					2,500
	The Austin and Hope Pilkington		Trust		1,000
	The B0 Davies Charitable Trust				500
	Borough Council of King's Lynn and West Norfolk				4,250
	Chapman Charitable Trust				1,000
	Chivers Trust					2,000
	Creative Darlington				2,000
	The D'Oyly Carte Charitable	Trust			3,000
	Esmee Fairbairn Foundation				36,000	55,000
	Fowler Smith and Jones Trust				2,000
	Foyle Foundation					20,000
	Ganzoni Charitable Trust					1,000
	Garfield Weston Foundation				30,000
	The Joseph and Annie Cattle	Trust			3,000
	The Leche Trust				1,500
	Leeds Conservatoire				33,700
	Norfolk County Council				1,500
	North Norfolk District Council				7,600
	North Walsham HAZ Cultural	Consortium				10,000
	Peter Sowerby Foundation					10,875
	Redcar Rotary Club				300
	The Scope Arts Trust				15,000
	Selby Town Council					500
	The Thistle Trust				2,000
	Project and conference contributions		in kind		1,152	33,368
					633,452	661,977
	The comparative figure includes	restricted		income of699,027.
3	INCOME FROM CHARITABLE	ACTIVITIES
					2023	2022
						2
	Partnership investments				210,944	161,839
	Promoter and other partner contributions					3,039
	Consultancy, commission and other		income		5,049	3,346
					215,993	168,224

INCOME FROM IN	VESTMENTS
		2023	2022
Essex Pension Fund	bond interest	1,274	10
Hodge Bank deposit	interest	426	1,736
Charity Bank deposit	interest	5,345	760
CAF Bank and other	interest	899	52
		7,944	2,558
EXPENDITURE ON	RAISING FUNDS
		2023	2022
Staff costs		68,465	53,513
Other fundraising costs		1,662	1,404
		70,127	54,917
EXPENDITURE ON	CHARITABLE ACTIVITIES
		2023	2022
		5	F.
Activity costs funded	directly	84,655	131,627
Activity costs funded	by grants	274,196	294,031
Creative digital producer costs		17,780	15,220
Project costs in kind		1,152	33,368
Direct costs of consultancy services		1,280	695
Staff costs		228,326	237,411
Allocation of support	costs (note 7)	321,674	290,352
		929,063	1,002,704

7	SUPPORT COSTS
							2023	2022
							6	6
	Staff costs						225,734	217,968
	Staff recruitment						295	2,150
	Defined benefit pension	finance		cost - see Note 20			1,000	3,000
	Workforce development						6,199
	Training and conferences						2,438	2,234
	Premises costs						11,530	10,627
	Insurance						867	830
	PR and communications						5,407	4,720
	IT and computer costs						4,296	3,510
	Printing and stationery						27	10
	Postage and telecommunications						651	884
	Travelling and subsistence						14,266	7,970
	Accountancy fees and	payroll					27,080	26,140
	Professional consultancy		fees				8,350
	Legal and professional	fees					892	3,204
	Bank charges						65	94
	Miscellaneous expenses						1,691	1,768
	Governance costs:
	Trustees' expenses for		attending		meetings		2,236	775
	Trustee board development						125	140
	Auditors' remuneration		for audit		services		6,475	3,750
	FRS 102 report and actuarial			valuation		costs	2,050	578
							321,674	290,352
8	NET EXPENDITURE						2023	2022
							8
	Net expenditure is stated		after	charging:
	Auditors' remuneration		for audit		services		6,475	3,750


STAFF	COSTS	2023	2022
Gross salaries		340,549	324,347
National	Insurance contributions	30,559	29,264
Pension	contributions	87,864	83,720
Defined	benefit pension service cost -see Note 19	62,000	70,000
Pension	scheme administration	1,553	1,561
		522,525	508,892


TAXATION			2023	2022
Orchestra and	Film Tax relief - repayable	credit	25,550	16,153
TANGIBLE FIXEDASSETS
			Fixtures,
			fittings end
			equipment	Total
			5	5
Cost
Brought forward	at 1 April 2022		3,421	3,421
Disposals			( 791)	( 791)
Carried forward	at 31 March 2023		2,630	2,630
Depreciation
Brought forward	at 1 April 2021		3,421	3,421
Eliminated on disposal			( 791)	( 791)
Carried forward	at 31 March 2023		2,630	2,630
Net book value
At 31 March 2023
At 31 March 2022

12	DEBTORS
				2023	2022
	Amounts falling due within one year:
	Trade debtors			148,638	22,303
	Tax recoverable			25,550	16,153
	Other debtors, prepayments		and accrued income	3,990	8,121
				178,178	46,577
	Amounts falling due after more than one year:
	Essex Pension Fund bond			60,000	60,000
13	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2023	2022
				8
	Trade creditors			9,809	42,983
	Other tax and social security			26,581	7,964
	Accruals			144,154	67,869
	Deferred income			64,307	23,373
				244, 851	142,189
	Deferred income	comprises:
	Income deferred	from the previous year		23,373	14,259
	Released to the	statement	offinancial activities	( 23,373)	( 14,259)
	Arising during the	current year:
	Amounts invoiced in advance			54,307	23,373
	Grants required	to be spent	in future periods	10,000
				64,307	23,373

MOVEMENT IN FUNDS - CURRENT YEAR	MOVEMENT IN FUNDS - CURRENT YEAR	MOVEMENT IN FUNDS - CURRENT YEAR		Net	Transfers
			At 1April	movement in	between	At 31
			2022 8	funds	funds	March 2023f
Unrestricted funds
General Fund			223,373	( 396,850)	370,751	197,274
PR &Communications	(designated)		1,505		( 1,505)
Partnership Fund (designated)			355,887	181,392	( 197,860)	339,419
Programme Fund (designated)			14,980	473,384	( 488,364)
Projects Fund (designated)			44,665	( 317,367)	319,236	46,534
Consultancy & Commission		(designated)		2,991	( 2,991)
Direct Activities (designated)				( 733)	733
			640,410	( 57,183)		583,227
Pension reserve			( 66,000)	668,000		602,000
			574,410	610,817		1,185,227
Restricted funds
Arts Council Create Space NLP			19,091	( 19,091)
Scops Arts Trust				10,000		10,000
Leeds Conservatoire				31,021		31,021
Weston Culture Fund			29,431	( 29,431)
King's Lynn and West	Norfolk BC			4,250		4,250
Projects				7,183		7,183
			48,522	3,932		52,454
TOTAL FUNDS			622,932	614,749		1,237,681

				Other
		incoming	Resources	recognised gains I	Movement before
		resources	expended	losses 6 tax	transfers
		8
Unrestricted funds
General Fund		106,496	( 528,896)	25,550	( 396,850)
Pension reserve			( 63,000)	731,000	668,000
Partnership Fund (designated)		181,392			181,392
Programme Fund (designated)		487,950	( 14,566)		473,384
Projects Fund (designated)			( 317,367)		( 317,367)
Consultancy & Commission	(designated)	4,271	( 1,280)		2,991
Direct Activities (designated)		778	( 1,511)		( 733)
		780,887	( 926,620)	756,550	610,817
Restricted funds
Arts Council Create Space	NLP		( 19,091)		( 19,091)
Scope Arts Trust		15,000	( 5,000)		10,000
Leeds Conservatoire		33,700	( 2,679)		31,021
Weston Culture Fund			( 29,431)		( 29,431)
King's Lynn and West Norfolk BC		4,250			4,250
Projects		23,552	( 16,369)		7,183
		76,502	( 72,570)		3,932
TOTAL FUNDS		857,389	( 999,190)	756,550	614,749

MOVEMENT IN FUNDS - PRIOR YEAR	MOVEMENT IN FUNDS - PRIOR YEAR		Net	Transfers
		At 1April	movement in	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 & 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
Scope Art 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
		incoming	Resources	recognised gains I	Movement before
		resources	expended	losses	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 & 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
Seeps Art 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)

			Unrestricted	Restricted	Total
			funds	funds	funds
			8	8
Fund balances at 31 March 2023 are represented		by:
Tangible	fixed assets
Net current assets			583,227	52,454	635,681
Defined	benefit pension scheme provision		602,000		602,000
			1,185,227	52,454	1,237,681

ANALYSIS OF NET ASSETS BETWEEN FUNDS	- PRIOR	YEAR
		Unrestricted	Restricted	Total
		funds	funds	funds
		F	8
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

			At 31March	At 31March
Principal	actuarial	assumptions:	2023	2022
Salary increases			2.80%	3.15%
Pension	increases	(CPI)	2.80%	3.15%
Discount	rate		4.80%	2.60%

		At 31March	At 31 March
		2023	2022
		Years	Years
Retiring	today
Males		21.10	21,60
Females		23.50	23.70
Retiring	in 20years
Males		22.30	23.00
Females		25.00	25.10

			Fair value at	Fair value at
			31March	31March
			2023	2022
Equities			1,061,000	1,043,000
Gilts			27,000	41,000
Other bonds				76,000
Property			151,000	142,000
Cash Itemporary		investments	59,000	44,000
Alternative assets			291,000	215,000
Other managed	funds		252,000	175,000
Total market value		ofassets	1,841,000	1,736,000
Present value ofscheme liabilities - funded			( 1,239,000)	( 1,802,000)
Deficit in the scheme			602,000	( 66,000)

Amounts reco	gnised in the Stateme	nt ofFinancial Activities:
			2023	2022
Current service	cost (net of employee	contributions)	149,000	153,000
Net interest cost / (credit)			1,000	3,000
Administration	expenses		1,000	1,000
Total operating	charge		151,000	157,000

Movements in the present	Movements in the present	value ofdefined benefit obligations	value ofdefined benefit obligations
				2023	2022
At 1 April 2022				1,802,000	1,737,000
Current service cost				149,000	153,000
Interest cost				47,000	34,000
Change in financial assumptions				( 778,000)	( 78,000)
Change in demographic	assumptions			( 36,000)
Experience gain on defined		benefit obligation		47,000	4,000
Benefits paid net oftransfers			in	( 17,000)	( 73,000)
Past service costs, including			curtailments
Employee contributions				25,000	25,000
At 31 March 2023				1,239,000	1,802,000
Movements in the fair	value		ofthe charity's share ofthe scheme assets were:
				2023	2022
				E	6
At 1 April 2022				1,736,000	1,544,000
Interest income				46,000	31,000
Return on assets less interest				( 40,000)	126,000
Other actuarial gains / (losses)				4,000
Administration expenses				( 1,000)	( 1,000)
Employer contributions				88,000	84,000
Employee contributions				25,000	25,000
Benefits paid net of transfers			in	( 17,000)	( 73,000)
At 31 March 2023				1,841,000	1,736,000
Actual return on scheme	assets			6,000	157,000