2023-08-31-accounts

					Page
Trustees'	annual report	(incorporating	the director's report)
Independent auditor's		report to the members
Statement	offinancial	activities (including		income and expenditure
account)
Statement	offinancial	position			10
Statement	ofcash flows
Notes to	the financial	statements			12

Reference	and administrative	and administrative	details
Registered	charity name			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
Auditor				Brooks4Co.
				Chartered Accountants	& Statutory	Auditor
				9Cheam Road
				Ewell
				Epsom
				Surrey
				KT17 1SP

						2023	2022
					Unrestricted
					funds	Total funds	Total funds
				Note
Income and endowments
Donations and legacies				5			25,000
Charitable activities				6	1,384,218	1,384/18	1,111,354
Other income				7	107,605	107,605	63,627
Total income					1,491,823	1,491,823	1,199,981
Expenditure
Expenditure on charitable		activities		8,9	1,464,212	1,464,212	1,121,724
Total expenditure					1,464,212	1,464,212	1,121,724
Net income and net	movement		in funds		27,611	27,611	78,257
Reconciliation offunds
Total funds brought	forward				150,160	150,160	71,903
Total funds carried	forward				177,771	177,771	150,160

			2023	2022
		Note
Current assets
Debtors		14	209,743	118,702
Cash at bank and in	hand		170424	107,116
			380,067	225,818
Creditors: amounts	falling due within one year		202496	75,658
Net current assets			177,771	150,160
Total assets less current liabilities			177,771	150,160
Net assets			177,771	150,160
Funds ofthe charity
Unrestricted funds			177,771	150,160
Total charity funds		17	177,771	150,160

						2023	2022
Cash flows from operating			activities
Net income						27,611	78,257
Adjustments for:
Interest payable	and similar		charges			1,150	669
Accrued expenses						19,792	21,014
Changes in:
Trade and other	debtors					(106@86)	(70,809)
Trade and other	creditors					122,191	(46,165)
Cash generated	from operations					64,358	(17,034)
Interest paid						(1,150)	(669)
Net cash from/(used in)		operating		activities		63,208	(17,703)
Net increase/(decrease)		in	cash	and cash	equivalents	63+08	(17,703)
Cash and cash	equivalents		at beginning		ofyear	107,116	124,819
Cash and cash	equivalents		at end ofyear			170@24	107,116

Donations	an	d legacies
			Unrestricted	Restricted
			Funds	Funds	2023		2022
Grants &awards							25,000
Charitable	activities
			Unrestricted	Restricted	Total Funds	Total	Funds
			Funds 2023	Funds 2023	2023		2022
Performance		fees	1,384,218		1,384,218	1,111,354
Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds		2022
Other income		receivable	107,605	107,605	63,627		63,627
This relates	to orchestral tax		relief.
Expenditure		on charitable	activities by fund type
			Unrestricted	Restricted	Total Funds	Total	Funds
			Funds	Funds	2023		2022
Charitable	activities
expenses			1/83,732		1,283,732	965,350
Commission		on royalties	5,497		5,497		15,277
Support costs			174,983		174,983	141,097
			1,464,212		1,464/12	1,121,724

Expenditure		on charitable	activities by activity type	activities by activity type
			Unrestricted		Restricted	Total Funds		Total Funds
				Funds	Funds		2023		2022
Charitable	activities
expenses				1,283,732			1,283,732		965,350
Commission		on royalties		5,497			5,497		15,277
Support costs				174,983			174,983		141,097
				1,464/12			1,464/12		1,121,724
Analysis of		support costs
			Performance	Employment
			&promotion	k, education	Governance
			ofmusic	ofyoung	costs		Total 2023		Total 2022
				K
Governance		costs	51,082	27,936	23,866		102,883		79,214
Finance costs						1,327	1@27		669
Human resources			35/86	17,693	17,693		70,772		61,214
			86,468	45,629	42,886		174,983		141,097

Independent	ex	amination	fees
						2023	2022
Fees payable	to	the independent		examiner	for:
Independent	examination		ofthe	financial	statements	1,750	1,750
Other financial		services				7+50	7,250
						9,000	9,000

Staffcosts
The total staff costs and	employee	benefits for the reporting	period are analysed	as follows:
				2023	2022
Wages and salaries				69@40	58,846
Social security costs				185	1,159
Employer contributions	to pension	plans		1,246	1,210
				70,771	61,215

Debtors
			2023	2022
Trade debtors			93,979	28,972
Prepayments	and accrued income		8,159	23,504
Other debtors			107,605	66,226
			209,743	118,702
Creditors: amounts		falling due within one year
			2023	2022
Trade creditors			127,897	5,846
Accruals and	deferred income		69,507	65,060
Social security and other taxes			4,614	1,900
Other creditors			278	2,852
			202,296	75,658

17.	Analysis ofcharitable	Analysis ofcharitable	funds	(eonsnued)	(eonsnued)
	Restricted funds
						At			At
						1st September			31stAugust
						2022	Income	Expenditure	2023
	Restricted Fund
						At			At
						1st September			31stAugust
						2021	Income	Expenditure	2022
	Restricted Fund					26,199		(26,199)
18.	Analysis ofnet assets		between		funds
						Unrestricted	Restricted	Total	Total Funds
						Funds	Funds	Funds 2023	2022
	Current assets					380,067,		380,067	225,818
	Creditors less than	1 year				(202,296)		(202/96)	(75,658)
	Net assets/(liabilities)					177,771		177,771	150,160
19.	Analysis ofchanges	in net debt
									At
							At 1 Sep 2022	Cash flows	31Aug 2023
	Cash at bank and in	hand					107,116	63,208	170424
20.	Related parties