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2020-08-31-accounts

				Page
Trustees'	annual report (incorporating	the	director's report)
Independent examiner's report to the		trustees
Statement	offinancial activities (including		income and expenditure
account)
Statement	offinancial position
Statement	ofcash flows
Notes to	the financial statements

Registered	Registered	charity name	charity name	London Contemporary	London Contemporary	Orchestra Limited
Charity registration			number	1129768
Company	registration		number	06895875
Principal	office and registered			Suite 116
office				43 Bedford Street
				Covent Garden
				London
				United Kingdom
				WC2E 9HA
The trustees
				Mr N Mumby
				Mr M Sanii
Company	secretary			Mr M Sanii
Independent		examiner		Sundry A Sundaran	ACA FCCA
				Brooks &Co
				9Cheam Road
				Ewell
				Epsom
				Surrey
				KT17 1SP

			Yea	r ende	d 31stAugust	2020
						2020		2019
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note	f			f
Income and endowments
Donations and legacies				5		56,600	56,600	59,550
Charitable activities				6	699,850	13,000	712&850	794,831
Qther income				7	21,247		21,247	29,796
Total income					721,097	69,600	790,697	884,177
Expenditure
Expenditure on raising funds:
Costs ofraising donations			and
legacies				8	(14,]45)	1,500	(12,645)	11,000
Expenditure on charitable		activities		9,10	712,025	26,547	738,572	868,604
Total expenditure					697,880	28,047	725,927	879,604
Net income and net	movement		in funds		23,217	41,553	64,770	4,573
Reconciliation offunds
Total funds brought	forward				37,160	26,199	63,359	58,786
Total funds carried	forward				60,377	67,752	128,129	63,359

					2020	2019
				Note	f
Current assets
Debtors				15	105,432	151,112
Cash at bank and in hand					71,152	123,339
					176,584	274,451
Creditors: amounts falling due within		one year		16	48&455	211,092
Net current assets					128,129	63,359
Total assets less current liabilities					128,129	63,359
Net assets					128,129	63,359
Funds ofthe charity
Restricted funds					67,752	46,165
Unrestricted funds					60,377	17,194
Total charity funds				18	128,129	63,359
For the year ending 31stAugust	2018 the charity was entitled		to exemption	from audit	under section 477 ofthe
Companies Act 2006 relating to	small companies.
Directors' responsibilities:
-The members have not required	the company to obtain an audit		ofits financial statements		for the year in question
in accordance with section 476;

					2020	2019
Cash flows from operating		activities
Net income					64,770	4,573
Adj usrmenrs for:
Interest payable	and similar	charges			468	439
Accrued (income)/expenses					(76,502)	70,720
Changes in:
Trade and other	debtors				54,858	(89,493)
Trade and other	creditors				(95/13)	71,444
Cash generated	from operations				(51,719)	57,683
Interest paid					(468)	(439)
Net cash (used	in)/from operating		activities		(52&187)	57,244
Net (decrease)/increase in		cash	and cash	equivalents	(52,187)	57,244
Cash and cash	equivalents	at beginning		ofyear	123@39	66,095
Cash and cash	equivalents	at end ofyear			71,152	123,339

5.	Donations	an	d legacies
						Unrestricted	Restricted
						Funds	Funds	2020	2019
	Donations								16,050
	Grants &awards						56,600	56,600	43,500
							56,600	56,600	59,550
6.	Charitable	activities
					Unrestricted	Restricted	Total Funds		Total Funds
					funds 2020	funds 2020	2020	2019	2019
						g
	Performance		fees		699,850	13,000	712,850	794,831	794,831
7.	Other income
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2020	Funds	2019
	Other income		receivable			21,247	21&247	29,796	29,796
	This relates	to	orchestral	tax	relief.
8.	Costs ofraising donations				and legacies

Costs ofrais	ing donations and l	egacies
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2020	2019
			f	g
Fundraising	&publicity	1,190	1,500	2,690	11,000
Government	furlough
received		(15,335)		(15835)
		(147145)	1,500	(12,645)	11&000

Expenditur	e	on charitable	activities by fund type
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2020	2019
					f	f
Charitable		activities
expenses			577,504	26,512	604,016	756,441
Commission		on royalties	32,521		32,521	30,832
Support costs			101,999	35	102,033	81,332
			712,024	26,547	738,570	868,605
Expenditur	e	on charitable	activities by activity type
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	2020	2019
Charitable	activities
expenses			577,504	26,512	604&016	756,441
Commission		on royalties	32,521		32,521	30,832
Support costs			101,999	35	102,033	81,332
			712,024	26,547	738,570	868,605

				Performanc	Performanc		Employmen
					e&		t&
				promotion			education of	Governance
					ofmusicf		youngf	costs f	Total 2020 f	Total 2019
	Governance	costs			21&837		12,646	10,697	45,181	58,693
	Finance costs							845	845	440
	Human resources				28,004		14,002	14,002	56,008	22,199
					49&841		26&648	25,544	102,034	81,332
12.	Independent	examination		fees
									2020	2019
									f
	Fees payable	to	the independent		examiner	for:
	Independent	examination		ofthe	financial	statements			1,750	1,750
	Other financial		services						1&850	6,953
									3,600	8,703

The total	staff costs and	staff costs and	employee	employee	benefits for	the	reporting	period are analysed	as follows:
									2020	2019
									f
Wages and salaries									39&321	21,956
Social security costs									729
Employer	contributions		to pension plans						622	243
									40,672	22,199
The average head count			of	employees during		the	year was	3 (2019:2). The average number of full-time
equivalent	employees	during		the year is analysed			as follows:
									2020	2019
									No.	No.
Number	ofstaff - admin								2	2
No employee received		employee			benefits ofmore		than f60,000 during the year		(2019:Nil).

15.	Debtors
					2020	2019
					f.
	Trade debtors				20,324	84,497
	Prepayments	and accrued income			33,996	24,818
	Other debtors				51,112	41,797
					105,432	151,112
16.	Creditors: amounts		falling due within	one year
					2020	2019
	Trade creditors				7,317	89,236
	Accruals and	deferred income			37,364	104,688
	Social security and other taxes				1,748	15,276
	Other creditors				2,026	1,892
					48,455	211,092

18.	Analysis, of	ch	aritab	le funds
	Unrestricted		funds
					At			At
					1st September			31stAugust 2
					2019 f	Income	Expenditure	020 f
	Unrestricted	fund			37,160	721,097	(697,880)	60@77
					At			At
					1stSeptember		31stAugust 20
					2018	Income f	Expenditure	19 f
	Unrestricted	fund			32,587	840,677	(856,070)	17,194
	Restricted funds
					At			At
					1stSeptember			31stAugust 2
					2019	Income f	Expenditure	020
	Restricted Fund				26,199	69,600	(28,047)	67,752
					At			At
					1st September		31stAugust 20
					2018	Income	Expenditure	19
	Restricted Fund				26,199	43,500	(23,534)	46,165
19.	Analysis of	net assets between funds
					Unrestricted	Restricted	Total	Total Funds
					Funds f	Fundsf	Funds 2020	2019 f
	Current assets				108,832	67,752	176,584	274,451
	Creditors less		than	1 year	(48,455)		(48,455)	(211,092)
	Net assets/(liabilities)				60,377	67,752	12&,129	63,359

20.	Analysis ofchanges in net debt
						At
			At	1 Sep 2019	Cash flows	31Aug 2020
	Cash at bank and in hand			123,339	(52,187)	71)152
21.	Related parties
	Related parties as per disclosure	in note 14above.