COMPANY REGISTRATION NUMBER: 06895875
CHARITY REGISTRATION NUMBER: 1129768
London Contemporary Orchestra Limited
Company Limited by Guarantee
Financial Statements
31st August 2024
BROOKS & CO.
Chart¢red Accountants & Statutory Auditor
9 Cheam Road
Ewell
Epsom
Surrey
KT17 ISP

London Contemporary Orchestra Limited
Company Limited by Guarantee
Financial Statements
Year ended 31st August 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent auditor's report to the members
Statement of financial activities (including income and expenditure
account)
ststement of financial position
10
Statement of cash flows
11
Notes to the financial statements
12

London Contemporary Orchestra Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31st August 2024
The trustees. who are also the directors for the purposes of company law. present their report and ihe financial
statements of the charity for the year ended 3 1st August 2024.
Reference and administrative details
Registered ¢hArity name
London Contemporary Orchestra Limited
Charity registration number
1129768
Company registrntion Dumber
06895875
Prineipal office 9nd registered
office
Suite 116
43 Bedford Street
Covent Garden
London
United Kingdom
WC2E 9HA
The trustees
Mr N Mumby
Mr M Sanii
Company seeretsry
Mr M Sanii
Auditor
Brooks & Co.
Chartered Accountants & Statutory Auditor
9 Cheam Road
Ewell
Epsom
Surrey
KT17 ISP
Structurey governance and maDag¢ment
The London Contemporary 0￿hestra ("the Orchestra") w&3 incorporated as a company limited by guaranlee on 5
May 2009 (no. 06895875).
It is governed by its Memorandum and Arti¢les of Association and is also a registered charity (no. 1129768).
Artistic direction and tnanagement are undertaken by two Artistic Directors, while the administration is carried
out by a part-timc adtninistrator, overseen by the Company Secretary.
Trustees wer¢ sought at incorporation and sin¢¢ with a viw lo ￿Vering several professions including finance.

London Contemporary Orchestra Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) fconiinued)
Year ended 31st August 2024
Objectives And gctivities
The Orchestra has two key charltable objectives:
the performance and promotion of contemporary music to an even wider audience in diverse venues and
genres.
the education and employment of young composers and young musicians at the start of their careers through
workshops and performance opportunities on a professional basis.
The Orchestra utilises a flexible pool of some of the most talented young players in the UK to achieve these
objectiv¢s. Perforniances range from music for solo instruments through large-scale symphonic works.
Commitment to young talent is also reflected in the management and the trusteeship of the Orchestra.
Achievements and performance
The Orchestra undertook over 36 projects in this year. with major highlights on both the live and the recordin8
side.
Live
We were invited to perforni a Prom at the Royal Albert Hall dedicated to"21st Century Soundtracks" with swres
from composers including Hildur Gu6nadottir, Anna Meredith, Son Lux and Colin Stetson. This further
emphasized the industy leading position we have established in recording soundtracks for film and television. We
rinancially supported the presentation of Galya Bisengalicva's recent album at Milton Court, performing it live
with her as well &5 Lucinda Cha. Finally, we perfomied livc with the Smile, the new band fornied by ex-members
of Radiohead, having record¢d their album with them earlier in the year.
Recording
On thc recordings side. there were major highlights, including the scores for 'D¢adpool & Wolverine, (Rob
Simonsen), 'Tenninator Zero, (Michelle Birsky and Kevin Henthorn). 'Sing Sing, and 'Widow Clicquot, (Bryce
Dessner), 'One Life, and 'Con¢lav¢' (Volk¢r Bertelmann)- the video game 'Call of Duty: Modem Warfare Ill,
(Walter Mair). and the release of album collaborations with established and emerging artists such as The Smile
('Wall Of Eyes, and'cutouts,). Cassie Kinoshi ('gratitude'), Daniel Casimir {'Balance'), Taylor Swift {'The Tortured
Poets Department,) and Moor Mother {'The Great Bailouv).
Financial review
Revenucs decreased 6rfJ/o to £1.401.144 (2023- £1,491,823), but strong revenues generated in Ix)th live and
recording activitics lost £38.863 (2023: profit of £27.611) were recordcd for Ihc year. An amount of £1.252,635
(2023= £1,283.732) was spenton direct charitable activities. and payments lo players and artistic partncrs was over
£750,000 for the fr*Urth year running. The orchestra remains a going concern in a healthy financial state.
Plans for future periods
We plan to continue to continue developing new music and presenting that music to wide audiences through both
largewscale and esoteric media. We are continuing significant investment in our player pool and beginning to
undertaken welfare initiativcs to ensure the well-being of players on an ongoing basis in what can be a stressful
industry.

London Contemporary Orchestra Limited
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (conilnued)
Year ended 31st August 2024
Trustees, responsibilities statement
The trustees. who are also directors for the purposes of ￿MpanY law, are res￿nsIble for preparing the trustees,
report and ihe financial statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally A¢c¢pted Accounting Practice).
Company law r¢quires the charity trustees to prepare financial statements for each year which give a true and fair
view of the slate of affairs of thc charitable company and the incoming resources and application of resources,
including the income and expenditur4 for that period.
In preparing these financial statements. th¢ trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP.
make judgments and accourkting estimates that are reasonable and piudenL
prepare the financial statements on the going concern basis unless it is inappropriate to piesume that the
charity will continue in business.
The trustees are responsible for keeping adequate ac¢ounting records that are suffieient to show and explain the
charity's transactions and disclose with reasonable a¢curacy at any time the financial position of the charity and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible
for safeguarding the assets of the charity and hence for taking r<asonable steps for the prevention and detection of
fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware. there is no relevant audit information of which the charity's auditor is unaware. and
they have taken all steps that they ought to have taken as a trnstee to make themselves aware of any relevant
audit infomjation and to establish that thc charity's auditor is aware of that infomiation.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
The trustees, annual report was approved on 18th D¢¢ember 2024 8nd signed on behalf of the board of trustees by:
Mr N Mumby
Director
Doc ID.. c5430157f74fca48c2f7a53235435555dc028024

London Contemporary Orchestra Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of London Contemporary Orcbestra
Limited
Year ended 31st August 2024
Opinion
We have audited the financial statements of London Contemporary Orchestra Limited (the 'charity') for the year
ended 3 1st August 2024 which comprise the statement of financial activities (including income and expenditure
account), statement of financial position, statement of cash flows and the related notes, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the ¢harity's affairs as at 3 1st August 2024 aJ)d of its incoming
resources and application of resources. including its income and expenditure. for the year then ended;
have been properly prepared in accordance with United Kingdom Generally A￿epted Acwunting Practice-
have been pr¢par¢d in accordance with the requirements of the Companies Act 2006.
BASIS for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards arc fijrther described in the auditor's resy)nsibilities for the audit
of the financial statements s¢¢tion of ow report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statanents in the UK. including the FRC'S Ethical
Standard, and we have fulfilled ourother ethical responsibilities in ac¢ordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CoDelusions relating to going ¢oncern
In auditing the financial statements, we have concluded that the trustees, use of the going ¢on¢¢rn basis of
accounting in the preparation of the fmancial statements is appropriate.
Based on the work we have perfornied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may ¢ast significant doubt on thc charity's ability to continue as a
going concem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
r¢l¢vant section5 of this reporL

London Contemporary Orchestra Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of London Contemporary Orchestra
Limited (etPniiftAed)
Year ended 31st August 2024
Other information
Th¢ other information comprises the inforniation included in the annual report, other than the financial statements
and our auditor's report ther¢on. The trustees &e responsible for the othcr inforniation. Our opinion on the financial
statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in ow reporL
we do not ¢xpress any forni of assurance conclusion thercon.
In connection with our audit of the financial statements. our responsibility is to read the other information and, in
doing so. consider whether thc other information is malerially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent malerial misstatetnents, we are required to detemiine whether there is a material
misstatement in the financial stat¢m¢nts or a material misstatement of the other information. If, based on the work
we have performed, w¢ conclude that there is a material misstatement of this other inforniation, we are required
to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undert¥l(en in the course of the audit:
the information given in the trustees, report for the financial year for which the financial statements are
prepared is consistent with the financial statements- and
the trustees, report has be￿ prepared in accordance with applicable legal requirements.
Matters which we #re required to report by exception
In the light of the knowledg¢ and understanding of the charity and its environment obtained in the course of the
audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect ofthe following matters in relation to which the Companies Act 2006 requires
us to report to you if. in our opinion..
adequat¢ a¢¢ounting records have not been kepL or re￿rnS adequate for our audit have not been r¢¢¢ived
from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns" or
certain disclosures of trust¢es' r¢mun¢ration specified by law are not made. or
we have not received all the information and explanations we require for our audit- or
the trustees were not entitled to take advantage of the small companies, excmptions from the requirement to
prep￿e a strategic report.

London Contemporary Orchestra Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of London Contemporary Orchestra
Limited (conilftued)
Year ended 31st August 2024
Responsibilities of trustees
As explained tnore fully in the trustees, responsibiliti¢s stst¢ment, the trustees (who are also the directors for the
purposes of company law) are responsible for the preparation of the financial statements and for being satisfied
that they give a tru¢ and fair view, and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from tnaterial misstatement. whether due to fraud or error.
In preparing the finarkcial statements. the trustees are responsible for assessing th¢ charity's ability to continue as
a going concem, disclosing, &8 applicable, matters related to going concern and using the going concern basis of
accounting unless the trustees either intend to liquidate the charity or to cwe operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives to obtain reasonable assurance about whether the financial statements as a whole are free from
tnatcrial misstatement, whether due to fraud or error, and to issue an auditor's rcport that includes our opinion.
Reasonable assurance is a high level of 8ssuran¢¢, but is not a guarantee that an audit ￿ndUCted in accordance
with ISAS (UK) will always detect a mat¢rial misstatement when it exists. Misstatements Can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to
infiu¢nce the economic decisions of users taken on the b&sis of these finan¢ial statements.
Irregularities. including fraud, 8r¢ instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities,
including frdud. The extent to which our procedures are ¢apabl¢ of detecting irregularities, including fraud is
detailed b¢low-
We obtained an understanding of the legal and regulatory framework applicable to the company and the sector in
which it operates. We detennine that the following laws and regulations were most Significant. UK Financial
Reporting Standard for small and medium sized companies, the Companies Act 2006 and UK tax laws. We
obtained an understanding of how the company is complying with those legal and regulations frameworks by
making inquiries of management. We Corroborated those inquiries through our review of board minutes and legal
and professional wsts. We evaluated the design and implctnentation of controls over the finarkcial reporting
systems and the effectiveness of the control environment as part of our risk assessment. We assessed the
susceptibility of the company's financial statem¢nts to material misstatem¢nL including how fraud might occur.
Audit procedures performed by the engagement team in¢lud¢d:
-Identifying and assessing the design and effectiveness of controls management has in plac¢ to prevent and delect
-obtaining an understanding of how those charged with governance con5id¢r¢d and addressed the potential for
override of controls or influence over the financial reporting process-
-challenging assumptions and judgement made by managem¢nt in it's significant accounting estimates.
-Identifying and testing unusual journal entries made by the management,. and
-Asses5ing the extent of cotnpliance with the relevant laws and regulations.
The engagement partner asscssed whether the management team collectively had the appropriate competence and
capabilities to identify and rccognise non-compliance with the relevant laws and regulations through an assessment
of the engagement team's, Understanding of. and practica] experience with, audit engagements of a similar nature
and complexity. Ihrough appmpriate training and participation- and . Knowledge of the industry in which the
company operate. Team communication in respect of potential non-compliance with the laws and regulations and
fraud including the PKStenlial for fraud in revenue recognition through transfer of infomjation from the order system
to the accounting system.

London Contemporary Orchestra Limited
Company LAmited by Guarantee
Independent Auditor's Report to the Members of London Contemporary Orchestra
Limited (conilnuedj
Year ended 31st August 2024
As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional
scepticism throughout the audit. We also:
Identify and assess th¢ risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtsin audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material mi5Stat¢ment
resulting from fraud is higher than for one resulting from error, as fraud mt4y involve collusion, forgery,
intentional omissions, misrepresentations. or the override of internal control.
Obtain an understanding of internal wntrol relevant to the audit in order to design audit procedures that are
appropriate in the Circumstances. but not for the purpose of expressing an opinion on the effectiveness of the
internal control.
Evaluate the appropriateness of accounting poli¢i¢s used and the reasonableness of accounting estimates and
related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and. based on
the audit evidence obtained, whether a material uncertainty cxists related to events or conditions that may
t significant doubt on the charity's ability to continue as a going concern. If we conclude that a material
uncertainty exists. we are required to draw attention in our auditor's report to the r¢lated disclosures in the
financial statements or, if such disclosures are inadequate. to modify our opinion. Our c(Jnclusions are based
on the audit eviden¢¢ obtained up lo the dat¢ of our auditor's report. However, future events or conditions
may cause the charity to cease to continue &8 a going wncem.
Evaluate the overall presentation, structure and content of the financial statements. including the disclosures,
and whcther the financial statements represent the underlying Iransactions and events in a manner that
a¢hieves fair presentation.

London Contemporary Orchestra Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of London Contemporary Orchestra
Limited {conlin4ed)
Year ended 31st August 2024
We comtnunicate with those Charged with governance regarding, among other matters, the planned scope and
timing of the audit and signifi¢ant audit findings, including any significant deficiencies in inlwnal control that we
identify during our audit.
Use of our report
This report is made solely to the charity's m¢mbers, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we rnight state to the charity's members those
matters we are required to state to them in an auditor's report and for no other PUTtx)se. To the fullest extent
perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
members as a
dy, for our audit work. for this report, or for the opinions we h&ve formed.
Sundry A Sundaran ACA FCCA (Senior Statutory Auditor)
For and on behalf of
Brooks & Co.
Chartered A¢￿untants & Statutory Auditor
9 Cheam Road
Ewell
Epsom
Surrey
KT17 ISP
18th December 2024

London Contemporary Orchestra Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income aDd expenditure account)
Year ended 31st August 2024
2024
Unrestricted
funds
2023
Totsl funds
Total funds
Note
Income and endowments
Charitable activities
Other income
1,313,731
87.413
1,313,731
87,413
1.384,218
107,605
Total income
1,401,144
1,401,144
1,491,823
Expenditure
Expenditure on charitable activities
Total expenditure
1.440,007
1,440,007
1,464,212
1,440,007
1,440,007
1,464,212
Net (exptnditure}/income and net movement in funds
(38,863)
(38,863)
27,611
ReconeiliAtion of funds
Total funds brought forward
Total funds carried forward
177,771
177,771
150.160
138,908
138,908
177.771
The statement of financial activilies in¢ludes all gains and losses recognised in ihe year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 17 form part of these fiDanci41 statements.

London Contemporary Orchestra Limited
Company Limited by Guarantee
Statement of Financial Position
31st August 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
13
168,315
81,896
209.743
170.324
250211
380.067
Creditors: Amounts falling due within one year
Net ¢urrent assets
14
IIIJ03
202,296
I38,908
177,771
Total assets less current liAbilities
138,908
177.771
Net assets
138,908
177.771
Funds of the cbarity
Unrestricted funds
138,908
177.771
Total eharity funds
16
138,908
177,771
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small ¢ompanies' regime.
These financial statements were approved by the board of trustees and authorised for i5su¢ on 18th December
2024, and are signed on behalf of the board by..
Mr N Mumby
Dir¢¢tor
The note5 on p4g¢5 12 to 17 form part of thtse fJNancial staternent
io
Doc ID: c5430157f74fca48c2f7a53235435555dc028024

London Contemporary Orchestra Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31st August 2024
2024
2023
Cash flows frnm operatlll2 aetivities
Net (¢xpenditure)/income
(38,863)
27,611
Adjustmenlsfor..
Interest payable and simtlar chotges
Accrued expens¢s
680
18,707
1,150
19,792
Changes in..
Trdde and other debtors
Trade and other ¢r¢ditors
33,708
{101,980)
(106.386)
122,191
Cash gen¢rat¢d from operations
(87,748)
64.358
Interest paid
Net ¢ash (used inyfrom operating activities
(680)
(88,428)
(1,150)
63,208
Net (deereAse}lincrease in eash And Cash equivalents
Cash and CAsh equivalents at beginning of year
C*sh and cash equivalents At end of year
(88,428}
170,324
63,208
107,116
81,896
170,324
The note5 on page5 12 to 17 forrn part of these finaneial statement&
li

London Contemporary Orchestra Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31st August 2024
General inform#tion
The charity is a public b¢n¢fit entity and a priv&te company limited by guardntee. regist¢r¢d in England and
Wales and a regislered charity in England and Wales. The address of the registered office is Suite 116, 43
Bedford Street. Covent Garden. London. Unit¢d Kingdom, WC2E 9HA.
StAtement of compliance
These financial statements have been prepared in complian¢e with FRS 102, 'The Financial Reporting
Standard applicable in ihe UK and the Republi¢ of Ireland,. the Statement of Recommended Practice
applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies
Act 2006.
Aecounting policies
Basis of preparation
The financial statements have been prepar¢d on the historical cost basis.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going
concem. There are no material uncertainties affe¢tinE the ¢urr¢nt year's accounts.
Judgements and key sourees of estimation uncertainty
The preparation of the financial statements requires management to make judgefflents, estimates and
assumptions that affect the atnounts reportcd. These estimates and judgements are continually reviewed and
are based on experience and other factors, including expectations of future ¢v¢nts that are believed to be
reasonable under th¢ circumstances.
Foreign currencies
Foreign ¢urr¢n¢y transactions are initially recorded in the functional currency, by applying the 5POt exchange
rate as at the date of the transaction. Monetary assets and liabilities denominated in forcign currencies are
translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the
stalcment of financial activities.
Fund accounting
The unrestricted funds are available for us¢ at the discretion of the trustees in fjJrtherance of the general
objectives of the charity and have not been designated for other purposes.
Restricted funds are fjjnds which are to be uscd in accordance with specific restrictions imposed by donors
or which have been raised by Ihe charity for particular purposes. The cost of raising and administering such
fimds are ¢harged against the specific lund.
Incoming re50urce5
Income from grants, patrons and members is accounted for on a receivable basis. Inwm¢ from charitable
activities is shown gross with the associated costs included in direct charitable cost5. net of value added tax.
12

London Contemporary Orchestra Limited
Company Limited by Guarantee
Notes to the Financial Statements (cohrffitsed)
Year ended 31st August 2024
Accounting policies {conli114ed)
Resources expended
Costs and expenses have been allocated between Costs of generating voluntary income, charitable activities
and gov¢rnance costs according to the nature of the cost incurred. All expenditure is accounted for under the
accruals concept. Support costs are allocated by apportionment.
Fin#nei*l instruments
A financial asset or a fin8n¢ial li&bility is re¢ognised only when the entity bewmes a party to the ¢ontractual
provisions of the instrument.
Basic financial instrumcnts are initially recognised at the amount receivable or payable including any related
transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the
present value of the future payments di￿Ounted at a market rate of interest for a similar debi instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expect¢d
to be paid or received and not discounted. Where investments in shares or preference shares are publi¢ly
traded or their fair value can otherwise be measured reliably> the investment is subsequently measured at fair
value with changes in fair value recognised in income and expenditure. All other such investments are
subsequently m¢asur¢d at cost less impaimient.
Other flnancial instruments are subsequently measured at fair valu4 with any changes recognised in pmfit
or loss, with the exception of hedging instrurtients in a designated hcdging relationship (see hedge accounting
policy).
Financial 3Ssets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairmenL an itnpairment
loss is recognised undcr the appropriate heading in thc statement of financial activities in which thc initial
gain was recognised.
Any reversals of impaimient ar¢ r¢¢ognised immediately, to the extent that the reversal does not result in &
carrying amounl of the financial asset that exceeds what the carrying atnount would have been had the
impairn)ent not previously been recogniscd.
Defined eontribution plans
Contributions to def￿ed contribution plans are recognised as an expense in the period in which the related
service is provided. Prepaid contributions are recogniscd as an asset to the extent that the prepayment will
lead to a reduction in future payfflcnts or a cash rcfund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date
in which the employees render the related service, the liability is measured on a discounted present value
basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
13

London Contemporary Orchestra Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢oii¢lAuerf)
Year ended 31st August 2024
Limited by guarantee
The liability ofth¢ Company is limited by guarantee. Every member of the company undertakes lo wntribute
to the assets of the company. in the event of the sam¢ being wound up while he or she is a member. for
payment of the debts and liabilities of the company contracted before he or she ceases to be a metnber, and
of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories
among themselves, such amount may be required not exceeding £1.
Charitable activities
Unrestricted
Restricted Total Funds
Funds 2024 Funds 2024
2024
Total Funds
2023
Performance fees
1,313,731
1,313,731
1.384,218
Other ineome
Unrestricted Total Funds
Funds
2024
Unrestricted Total Funds
Funds
2023
Other income receivable
87,413
87,413
107,605
107,605
This relates lo orchestral tsx relief.
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Total Funds
2023
Charitable activities
expenses
Commission on roya]ties
Support ¢osls
1,252,634
5,724
181,649
1,252,634
5,724
181,649
1.283,732
5,497
174,983
1,440,007
1,440,007
1,464,212
14

London Contemporary Orchestra Limited
Comp2ny Limited by Guarantee
Notes to tbe Financial Statements fco4rylinued)
Year ended 31st August 2024
Expenditure on ¢h)Iritsble 8ctÉvities by activity type
Unrestricted
Funds
Restricted TotAI Funds
Funds
2024
Total Funds
2023
Charitable activiti
expenses
Commission on royalties
Support costs
1,252,634
5,724
181,649
1,252,634
5,724
181,649
1.283,732
5,497
174,983
1,440,007
1,440,007
1,464,212
Analysis of support Costs
Performance
& promotion
of music
Employment
& education
of young
Governanee
eosts
Tot%1 2024
Total 2023
Governance costs
Finance costs
Human resources
53,805
29,612
24,633
773
18,206
108,050
773
72,826
102,883
1.327
70,773
36,413
18,206
90,218
47,818
43,613
181,649
174,983
10. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of th¢ financial statements
Othcr financial services
1,750
7,250
1.750
7.250
9,000
9,000
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
71,285
125
1,415
69,340
185
1.246
72,825
70,771
The average head count of ￿nplOye￿ during the year was 3 (2023: 3). The av¢rage number of fvll-time
equivalent employees during the year is analysed as follows..
2024
2023
Number of staff - admin
15

London Contemporary Orchestra Limited
Company Limited by Guarantee
Notes to the Financial Statements (conlinM¢d)
Year ended 31st August 2024
11. Staff Costs fconlinued)
No employee received employee benefits of more than £60.000 durinE the year {2023'. Nil).
12. Trustee remuneratlOD expenses
None for the year ended 3 1st August 2024 (2023-Nil).
13. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
80,390
439
87,486
93,979
8.159
107.605
168JlS
209.743
14. Creditors: amounts falling due within one year
2024
2023
Trade Creditors
Accruals and d¢f¢rred income
Social sccurity and other t&xes
Other creditors
22,175
80,494
8,088
546
127,897
69,507
4,614
278
111,303
202.296
15. Pensions and other post retirement benefits
Defjned eontribution plans
The amount re¢ognised in income or expenditure as an expense in relation to defined contribution plans was
£1,415 (2023: £1.246).
16. Analysis of charitable funds
Unrestricted funds
At
1st September
2023
At
315t August
2024
Income
Expenditure
Unr¢stricted ￿nd
177.771
1.401,144
{1.440.007)
138,908
At
1st September
2022
At
3151 August
2023
Income
Expenditure
Unrestricted fund
150,160
,491,823
(1,464,212)
177,771
16

London Contemporary Orchestra Limited
CompaDy Limited by Guarantee
Notes to the Financial Statements (¢onlinuedJ
Year ended 31st August 2024
17. Analysis of net assets between funds
Unrestricted
Funds
Restricted
Funds
T•t&l Total Funds
Funds 2024
2023
cU￿ent assets
Creditt)rs less than l year
Net assets/(liabilities)
250,211
(111,303)
138,908
250,211
(111,303)
138,908
380.067
(202,296)
177.771
18. Analysis of changes in net debt
At
31 Aug 2024
At I S¢p 2023 Cash flows
Cash at bank and in hand
170.324
{88,428)
81096
19. Related parties
Related parties as per disclosure in note 13 above.
17