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





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|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|||





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||||Yea|r ende|d 31stAugust|2020|||
|---|---|---|---|---|---|---|---|---|
|||||||2020||2019|
||||||Unrestricted|Restricted|||
||||||funds|funds|Total funds|Total funds|
|||||Note|f|||f|
|Income and endowments|||||||||
|Donations<br>and legacies||||5||56,600|56,600|59,550|
|Charitable<br>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<br>on raising funds:|||||||||
|Costs ofraising donations|||and||||||
|legacies||||8|(14,]45)|1,500|(12,645)|11,000|
|Expenditure<br>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<br>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|





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||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Note|f||
|Current<br>assets|||||||
|Debtors||||15|105,432|151,112|
|Cash at bank and in hand|||||71,152|123,339|
||||||176,584|274,451|
|Creditors: amounts<br>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<br>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<br>have not required|the company to obtain an audit||ofits financial statements||for the year in question||
|in accordance with section 476;|||||||





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||||||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<br>operating||activities||(52&187)|57,244|
|Net (decrease)/increase<br>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|








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|5.|Donations<br>|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<br>and l|egacies||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|Total Funds|
|||Funds|Funds|2020|2019|
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|Fundraising|&publicity|1,190|1,500|2,690|11,000|
|Government|furlough|||||
|received||(15,335)||(15835)||
|||(147145)|1,500|(12,645)|11&000|





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|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|



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|||||Performanc|Performanc||Employmen||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||e&||t&||||
|||||promotion|||education of|Governance|||
||||||ofmusicf||youngf|costs<br>f|Total 2020<br>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|





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|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<br>head count|||of|employees<br>during||the|year was|3 (2019:2). The average<br>number of full-time|||
|equivalent|employees|during||the year is analysed|||as follows:||||
||||||||||2020|2019|
||||||||||No.|No.|
|Number|ofstaff - admin||||||||2|2|
|No employee<br>received||employee|||benefits ofmore||than f60,000 during the year||(2019:Nil).||



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|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|





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|18.|Analysis, of|ch|aritab|le<br>funds|||||
|---|---|---|---|---|---|---|---|---|
||Unrestricted||funds||||||
||||||At|||At|
||||||1st September|||31stAugust 2|
||||||2019<br>f|Income|Expenditure|020<br>f|
||Unrestricted|fund|||37,160|721,097|(697,880)|60@77|
||||||At|||At|
||||||1stSeptember||31stAugust 20||
||||||2018|Income<br>f|Expenditure|19<br>f|
||Unrestricted|fund|||32,587|840,677|(856,070)|17,194|
||Restricted funds||||||||
||||||At|||At|
||||||1stSeptember|||31stAugust 2|
||||||2019|Income<br>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<br>f|Fundsf|Funds 2020|2019<br>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|





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|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.|||||