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|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|
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|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|||
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|||||||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|
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||||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|
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|||||||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|
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|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||
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|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|
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|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|
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|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|||||||||