||Contents ofthe Financial Statements|Contents ofthe Financial Statements|||| |---|---|---|---|---|---| ||for|the Year Ended 31stAugust 2021|||| |||||Page|| |Reportofthe|Trustees||1|to|3| |Independent|Examiner's|Report|||| |Statement of|Financial|Activities|||| |Balance Sheet|||||| |Notes tothe|Financial Statements||7|to|15| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||f|orthe Year En|ded 31stAugust|2021||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||Unrestncted|Restricted|Total|Total| ||||||funds|funds|funds|funds| |||||Notes|5|f||E| |INCONIE AND|ENDOWNIENTS||FROM|||||| |Donations
and|legacies||||144,422|216,626|361,048|256,333| |Charitable
activities||||||||| |Concerts|||||25,000||25,000|37,892| |Education||||||15,799|15,7aa|7,631| |Other Activities|||||771||771|24| |Other trading
activities|||||3,498||3,498|2,125| |Tax credits|||||1,779||1,779|8,491| |Total|||||175,470|232,425|407,895|312,496| |EXPENDITURE|ON|||||||| |Charitable
activities||||||||| |Concerts|||||157.927|210.953|368,880|207,342| |Education|||||3,325|22,458|25,783|7,084| |Support Costs|||||6,687|51,044|57,731|13,836| |Other Activities|||||555||555|| |Total|||||168,494|284,455|452,949|228,262| |NET INCOME/(EXPENDITURE)|||||a,a76|(52,030)|(45,054)|| |Transfers
between||funds||16|(4,695)|4,695||| |Net movement|in funds||||2,281|(47,335)|(45,054)|| |RECONCILIATION||OF FUNDS||||||| |Total funds brought||forward|||41,540|72,723|114,263|30,029| |TOTAL FUNDS|CARRIED FORWARD||||43,821|25,388|69,209|114,263| ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restncted|Total|Total| |||funds|funds|funds|funds| ||Notes|5|5||5| |FIXEDASSETS|||||| |Tangible assets|13|3,290||3,290|3,463| |CURRENTASSETS|||||| |Debtors|14|41,286|g,rr5|51,061|54,359| |Cash at bank||24,387|41,431|65,818|68,192| |||65,673|51,206|116,879|122,551| |CREDITORS|||||| |Amounts
falling due within one year|15|(25,141)|(25,819)|(50,960)|(11,751)| |NET CURRENT ASSETS||40,532|25,387|65,919|110,800| |TOTAL ASSETS LESSCURRENT LIABILITIES||43,822|25,387|69,209|114,263| |NET ASSETS||43,822|25,387|69,209|114,263| |FUNDS|||||| |Unrestncted
funds||||43,822|41,540| |Restricted funds||||25,387|72,723| |TOTALFUNDS||||69,209|114,263| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2021|2020| |---|---|---|---|---|---| |||||6|| |Donations|and grants received|||266,197|227,766| |Donated|sennces||&facilities|91,027|24,534| |ESO Friends||||3,824|4,013| |||||381,048|256,333| |OTHER TRADING|||ACTIVITIES||| |||||2021|2020| |||||6|6| |Sponsorship||income||3,498|2,125| ## ## ## ||INCOME|FROM CHARITAB|LE ACTIVITIES|||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||Activity .||6|6| ||Own promotions||Concerts||24,459|33,272| ||Engagements||Concerts||541|4,620| ||Course fees||Education||15,799|7,631| ||Otherincome||Other Activities||771|24| ||||||41,570|45,547| |6.|CHARITABLE ACTIVITIES||COSTS|||| |||||Direct|Support|| |||||Costs (see|costs (see|| |||||note 7)|note 6)|Tote!s| |||||6|6|| ||Concerts|||368,880||368,880| ||Education|||25,783||25,783| ||Support Costs||||57,731|57,731| ||Other Adivities|||||555| |||||395,218|57,731|452,949| ||DIRECT COSTS OF CHARITABLE ACTIVITIES|||||| ||||||2021
6|2020f| ||Musiaan's|&courses fees|||59,105|76,074| ||Soloists &|conductors fees|||25,787|27,655| ||Hire of halls and music||||18,409|15,459| ||Transport||||181|5,486| ||Programme|expenses||||1,266| ||Marketmg|&pub)city|||82,408|15;834| ||Other concert costs||||11,819|14,163| ||Recording|costs|||197,509|56,489| ||||||395,218|214,426| |8.|SUPPORT|COSTS||||| ||||||Governance|| |||||Management
6|costs
f|Totals
E| ||Support Costs|||54,203|3,528|57,731| ## ## ||||||||2021|2020| |---|---|---|---|---|---|---|---|---| ||||||||Support|Total| ||||||||Costs|activities| ||||||||5|| |Subcontractors - CEO|||||||42,000|3,954| |Subcontractors - grant manager|||||||5,014|| |Bookkeeper|||||||2,496|2,704| |Insurance|||||||977|829| |Subscriptions|and licences||||||2,618|2,600| |Other support|costs||||||833|1,115| |Bank charges|||||||92|148| |Depreciation|||||||173|182| |Independent|examiner's|fees|||||3,528|2,304| ||||||||57,731,|13,836| |NET INCOME/(EXPENDITURE)||||||||| |Net income/(expenditure)||is stated after|||charging/(crediting):|||| ||||||||2021f|2020| |Depremation|-owned assets||||||173|182| |INDEPENDENT
EXAMINER'8 FEES||||||||| ||||||||2021
5|2020f| |Fees payable|tothe charity's||auditors|for the audit ofthe charity's||financial||| |statements|||||||3,528|2,304| ||||||||2021|2020| ||||||||6|E| |Independent|examination||||||1,841|1,535| |Assurance
work regarding||grant funding|||returns||768|720| |Theatre tax credit submissions|||||||870|| |Companies
House filings|||||||49|49| ||||||||3,528|2,304| ## ## ## ## ## ## |COMPARA|TI|VES
F|OR THE ST|ATEMENT|OF FINANCIAL ACT|IVITIES||| |---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted|Total| |||||||funds|funds|funds| |||||||6|6|F| |INCOME AND ENDOWMENTS||||FROM||||| |Donations|and legacies|||||85,291|171,042|256,333| |Charitable|activities|||||||| |Concerts||||||37,892||37,892| |Education||||||7,631||7,631| |Other Activities||||||24||24| |Other trading||acavities||||2,125||2,125| |Tax credits||||||8,491||8,491| |Total||||||141,454|171,042|312,496| |EXPENDITURE ON||||||||| |Charitable|activities|||||||| |Concerts||||||81,025|126,317|207,342| |Education||||||2,084|5,000|7,084| |Support Costs||||||9,882|3,954|13,836| |Total||||||92,991|135,271|228,262| |NET INCOME||||||48,463|35,771|84,234| |Transfers|between||funds|||(36,952)|36,952|| ||||||Page 11|||continued.
..| ## ||||||ESO (2006) Limited|ESO (2006) Limited|||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||.Notes to the Financial Statements||-continued||||| |||||||forthe Year Ended 31stAugust 2021|||||| |12.||COMPARATIVES FOR||THE|STATEMENT OF FINANCIAL ACTIVITIES - continued||||||| ||||||||Unrestricted|Restricted|||Total| ||||||||funds
f|funds
f|||funds
f| |||Net movement
in funds|||||11,511|72,723|'||84,234| |||RECONCILIATION|OF FUNDS||||||||| |||Total funds brought|forward||||30,029||||30,029| |||TOTAL FUNDS CARRIED FORWARD|||||41,540|72,723,|||114,263| |13.|'|TANGIBLE FIXEDASSETS|||||||||| ||||||||Music|Computer|||| ||||||||library
f|equipment
f
r||-~|Totals
.F| |||COST|||||||||| |||At 1stSeptember 2020 and 31stAugust 2021|||||6,711|3,638|||10,349| |||DEPRECIATION|||||||||| |||At 1stSeptember 2020|||||3,248|3,638|||6,886| |||Charge for year|||||173||||173| |||At 31stAugust 2021|||||3,421|3,638|||7,059| |||NET BOOK VALUE|||||||||| |||At 31stAugust 2021|||||3,290||||3,290| |||At 31stAugust 2020|||||3,463||||3,463| |14.||DEBTORS:AMOUNTS||FALLING||DUE WITHIN ONE YEAR|||||| |||||||||2021|||2020| |||||||||f|||| |||Trade debtors||||||39,996|||15,623| |||Theatre tax credits||||||10,264|||38,316| |||Prepayments||||||801|||420| |||||||||51,061|||54,359| ## ## ## ## ## ## |CREDITORS: AM|OUNT|S|FALL|ING DUE WITHIN ON|E YEAR|||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||f|f| |Trade cmditors|||||||45,506|10,394| |Other creditors||||||||15| |Accrued expenses|||||||1,593|1,342| |Deferred income|||||||3,861|| ||||||||50,960|11,751| |Deferred income|relates|to|concerts that were performed||after the year end.|||| |MOVEMENT
IN FUNDS||||||||| |||||||Net|Transfers|| |||||||movement|between|At| |||||At 1.920
f||in funds|fundsf|31.8.21
f| |Unrestricted
funds||||||||| |General fund|||||41,540|6,977|(4,695)|43,822| |Restricted funds||||||||| |Arts Council - An|Orchestra||for Elgar|||||| |Country|||||36,384|(39,697)|8,888|5,575| |ACE COVID Fund|||||10,192|(10,192)||| |CEO Fund||||||8,500||8,500| |Recording
Project|Fund||||23,097|(21,577)|2,442|3,962| |Care Home Fund|||||3,050|4,300||7,350| |Culture
Recovery|Fund|||||6,635|(6,635)|| ||||||72,723|(52,031)|4,695|25,387| |TOTAL FUNDS|||||114,263|(45,054)||69,209| |Net movement
in funds,||included||in the above are as follows:||||| |||||||Incommg|Resources|Movement| |||||||resources|expended
f|in funds
f.| |Unmstricted
funds||||||||| |General fund||||||175,470|(168,493)|6,977| |Restricted funds||||||||| |Arts Council- An Orchestra|||for Elgar|||||| |Country||||||50,337|(90,034)|(39,697)| |ACE COVID Fund|||||||(10,192)|(10,192)| |ESO Youth||||||18,299|(18,299)|| |CEO Fund||||||40,000|(31,500)|8,500| |Recording
Project|Fund|||||18,038|(39,615)|(21,577)| |Care Home Fund||||||7,600|(3,300)|4,300| |Culture
Recovery|Fund|||||98,151|(91,516)|6,635| |||||||232,425|(284856)|(52,031)| |TOTAL FUNDS||||||407,895|(452,949)|(45,054)| ## ## ## ||||'||||||| |---|---|---|---|---|---|---|---|---|---| |Comparatives|for niovement||in fuiids||||||| ||||||Net|Transfers|'||| ||||||movement|between||At
'|| |||||At 1.9.19
F|in funds
f|funds
F|314).20
-
F.||| |Unrestricted|funds||||||||| |General fund||||30,029|48,463|(36,952)||41,540|| |Restricted funds|||||||||| |Arts Council - An Orchestra||for|Elgar||||||| |Country|||||(1,614)|37,998|"36,384||| |ACE. COVID Fund|||||10,192|||10,192|| |CEO Fund|||||1,046|(1,046)|||| |Recording
Project Fund|||||23,097|||23,097|| |Care Home Fund|||||3,050|||' 3,050|| ||||||35,771|36,952||72,723|| |TOTAL FUNDS||||30,029|84,234||114,263||| |Comparative|net movement|in|funds, included|in the above are as|follows||||| ||||||||||'| ||||||Incoming|Resources|Movbment||| ||||||resources
f|expended
f|in|funds
f|| |Unrestricted|funds||||||||| |General
fund|||||141,454|(92,991 )||48,463|| |Restricted funds|||||||||| |Arts Council -|An Orchestra|for|Elgar||||||| |Country|||||89,944|(91,558)||(1,614)|| |ACE COVID Fund|||||32,001|(21,809)||10,192|| |ESO Youth|||||5,000|(5,000)|||| |CEO Fund|||||5,000|(3,954)||1,046|| |Recording
Project Fund|||||23,097|||23,097|| |Care Home Fund|||||16,000|(12,950)||3,050|| ||||||171,042|(135,271 )||35,771|| ||||||||'||| |TOTAL FUNDS|||||312,496|(228,262)||84,234|| ## ## ## ## ## ## ##