COMPANY REGISTRATION NUMBER: 06895875 CHARITY REGISTIL4TION NIJMBER., 1129768 London Contemporary Orchestra Limited Company Limited by Guarantee Financial Statements 31st August 2025 BROOKS & CO. Chartered Accountants & statOry Auditor 9 Cheam Road Ewell Epsom Surrey KT17 ISP Doc ID.. 762d4f0egC4a)g68827l63786bOSeSs08f¢¢d7
London Contemporary Orchestra Limited Company Limited by Gugrantee Finaneial Statements Year ended 31st August 2025 Page Trustees, annual r¢rK)rt (incorporating the director's report} Independent auditorfs report to the members Ststement of financial activities (including income and expenditure account) Statemenl of findncial position io Statement of cash flows li Notes to the financial statements 12 Doc ID.. 76582d4fOe9c4a196a827163786b05e5508fcoI7
London Contemporary Orchestra Limited Company Limited by Guarantee Trustees, Annual Report Un¢orporatlDg the Director'5 Report) Year ended 31st August 2025 The trllstees, who are alBO the directors for the purposes of wmpany law. present their re)rt and The finan¢iai statements of th¢ charity for the year ended 31st Augusi 2025. Rtferen¢e And xdministrAtiYe detai15 Regi51ered eharity Dame tKJndon ContemF¥>rary OKhe5trd Limited Chrity registr&tson Dumber 1129768 Company registration number 06895875 Printi?Al offict and regislered Suite 116 43 Bedford Strcet Covent Garden London United Kingdom WC2E 9kL4 The trustee Mr N Mumby Mr M Sanii CompAny 8ecrttary Mr M Sanii Auditor Br(x>ks & Co. Chartered Accoulltallts & StatOry Auditor 9 Ch¢am Road Ewell Epsom Surrcy KT17 ISP Structurey goverrtgu¢e #nd management The London Conlemporary OrcbestrA I'the Orchestra") was ineorporated as a cornpany limited by gUartee on 5 May 2009 (no. 068958751. It is governed by its Memorandum and Artitles of AciatiOn and is also a rtgisr¢d ¢harity (no. 11297681. Arti1¢ dir¢ction and management are undertakert by hvo Artisti¢ Dtr¢ctors, while the adEnintstratioD is carried out by i part-lim¢ administrator, overseen by the c.ompany Secretary. Trustees werc soughi incorporation and sin¢¢ with a view to coverin8 several professions including fjnance. Doc ID.. 76582d4ffJe9c4a096a827163786b05e5508fr£d7
London Contemporary Orchestra Limited Company Limited by Guarantee Trustees. Annual Report Oncorporating the Director's Report) (t•¥th4e Year ended 31st August 2025 Objettives activitles The Orchestra's charitable objective is, "to promo. maintsin and adY8nce the education of the public in th¢ arts, and in parti¢ularthe an of music, through the presentation of concerts and other related artivities Perfonnan¢¢5 ratlgc from music for solo instruments through large-scale symphonic works with a particular focus on fjlm and television SOndtrIckS whi¢h promis¢ the largest reach for new musi¢ to audiences in the UK atld around th¢ world, introducing them to conternpDrary ¢lassical music withollt requiring th¢n] to visit lh¢ ¢on¢¢rt hall. The Orchesird Utilises a fltxible pool of some of the most talented young pl&yers in the UK achieve this, progressively nurturing new generation5 of players and giving them or¢hestrdl optx>rtunitie5 $0 thcy Gan hon¢ rh¢ir skills¢ts athd increas¢ th¢ir employment opportunitlC5. AthieverneDt5 and performall¢e The Orchestra Undertk over 32 pmjecls in thi5 year. Live There were highlight perforniances Such a5 Ga7.¢lle Twin at the British Library. Sarah Davachi and c.aroline Ro%e at the Barbican: Hildur Guonadottir at the Queen Elizabeth Hall. Sleeping at Last at the Royal Albert Hall and a BBC Prom with Anoushka Shankar. Retording Our participati( in majoTHollywood PTodu¢tiolls coLiinued, feawring on two of the five Oscar-nominated Sre$- Jonn>' Gr¢enw()od's 'On¢ Battle After Another, and Jerskin F¢ndrix's 'Bugonia'. We began a new w0]g relationship wih Son Lux, re¢ording th¢ir scor¢ for "thunderlKltsl continued our ci)lJaboration with Volker Bertelmann on'Tiie Amat¢urf,'A House of Dynamite, and'Ballad of a Small Player,. and startcd a new relationship with Cho Young-wik. re¢ording his score for'No Other Choice.. We also ¢on¢ittu¢d to ¢ollaboraie with th¢ next generation of media composer5. including Sofia Degli AIL%sandri {Trimc Ministerf) and Uèl¢ Lam0 (Wai8r¢V). We created a v311ety of new malerials for professional music-makers ond aspiring composers and priKlucers.' We developed J new sample library with Native Instruments, which aims io demoeratise acces5 to high- quality, avant-gaTde string sounds for all genres of music CTeator5 and will Teach millions of users via their audience. Addiiionally, we W0ed with the Applied Psychoa¢ousii¢s Lab, Ihe University oflludder5fi¢ld andcompoger Volker Bellelmn on th¢ ECHO Projec( recording th¢ world's fitsl 3604egrce hemispheric orchestral data5¢t with custon) micTophone arrays at AiR S(udi0s. lThe full dataset has been r¢ltased under a Creative Commons license at apl-hud.¢om/e¢ho, allowing sound £n8Lneer5 to freety experiment and train with thi5 new rype of audio. It has already been d(>wnloaded over 18.000 time5. We totjtinued 01 WO to nurture young orchestrators and wpyist5, providing dedicted one-on-one workshops to improve their skills in ihe field of screen and score, as well as inviting them to observe alld parti¢ipat¢ in ih¢ orchestra's recording s¢ssions. Doc ID.. 76582d410&9c4a096a827163786b0585508fccd7
London Contemporary Orchestra Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dire¢tor's Report) (tOOlth¥ed) Year ended 31st August 2025 FiDanci&l review Revenues increasa by 7Yo lo £1,500,094 {2024.. £1,401,144). A 1055 of £92:585 12024= loss of £38,863) was orded for ih¢ year, primarily duc to a Sharp dTOP in profLMbility caused by a reduction in Live artlVTti¢s, from which T¢venu¢s declined by 450/0 to £145,589. the lowest since 2017. NVhil¢ R¢wrding Tevenues rose by 28%. ifs lower margins didn't offs¢l th¢ de¢line from Live. An amount of £1,431,322 (2024.. £1.252,635) was spenl on direct ¢haritable activitie5. and paytn¢llts to players and artiSli¢ partners was over £l,000.000 for the sccond yur running. Thc orchestfd remains a going con¢em in a healthy financial ststewth a stro8 outl(K>k for2026, illcluding a more robust ¢al¢ndar of lÉve 5how5. PlaD5 for periods W¢ hav¢ increased (xjr personnel in litte with our vThgoing growth and remain focused on how we can establish effective human resouree w>lici£s and initiativ¢s to provid¢ a nurturing work environmcnt for tsur ¢mploye¢s. In line with our growth. we or¢ also looking lo evolve our governance protowls to ensLLre our sustainability and ¢ffective operations as a Gharity lookin¥ for¥vard the itnplementation of SOiiP. Trnstees, re$pon$ibiliti¢s statement The trustees, who are also dir¢¢tors for the purposes of company law, ar¢ responsible for pr¢parin8 the tTUStees' report and the financial statements in accordance wilh appli¢abl¢ law and United Kingdom A¢countin¥ Siandards {Uni¢¢d Kingdom GeNeially Accept Accounting Pwti¢¢). Company law requires the Charity mstees to prepare financial statements for tsch year which gtve a true and fair view of the 5tat¢ of offairs of the ¢hariiabl¢ ¢ompany and the illCOTnhn¥ resources and appIltion ofresourtts. including the income and expenditure. for thai p¢riod. In preparing these financial statements. the trustees are r¢quir¢d to: s¢lect suitable accoutlting 11¢1¢$ and thcn apply them consistently,. obswve the methods and principl¢s in the applicable Charitie5 SORP,. make judgments and aCtift8 estimate5 that 3fE reasonable athd pnident,. prepare the financial statemcnts on the going ¢on¢¢rn basis unles5 It is inappropriate to presum¢ that the charity will continue in business. Th¢ misi¢e$ are responsible for kecping adequaie acGounting re¢ords thai are sufficient to show and explain the ¢hariry'S transa¢ti()n% and disclose with reasonable accuracy ai any lim¢ th¢ financial rK>sition of the charily and enable them tv ensure that ihe fmas)¢ial stat¢nients complv with the cOPanIeS A¥1 2006. They are also responsible for 5afeguaTding ihc a55¢ts ol'the chaiiiy and hellce for taking reawnable steps for the pi¢v¢n¢ion and d¢teelion of froud and other irregularitLeS. Dot ID.. 76582d410¢9c48096a827163786b0585508fced7
LoDdon Contemporary Orchestr2 Limited Company Limited by Guarantee Trustees, Annyal Report (Incorporating the Director's Report) Year ended 31st August 2025 Auditor Each ot'the persons who is a trust¢¢ at the date of approval of this report confirnis that.. 50 fai 0$ th¢y or¢ aware, there is no r¢levant audit infomiation of wbich the Charity's auditor is unaware., and they havc taken all steps thal Ihry ought to hav¢ tsk¢n as a tru5tte to make ih¢mselv¢s awar¢ of any r¢levant audit infomiation and to establish the Ghariry's audilor is awar¢ of that infortnation. The auditor is dttmed to have been re-appoint¢J in accordance with sertion 487 of the Companies Act 2006. The ttustees, annual report was approved on 14th May 2026 dnd signcd on behalf of the board of trustees by.. MrN Mumby Director Doc ID". 76582d410ege4aog6a827163786b05&55081c¢i17
London Contemporary Orchestra Limited Compydlly Limited by Guarantee Independent Auditor's Report to the Members of London Contemporary Orchestrn Limited Year ended 31gt August 2025 Opinio W¢ have alIted the finaneial statements of London Contempordry Orchesira Limited lth¢'¢harity) for ihe year ended 31st August 2025 which compris¢ (h¢ siatem¢nt of financial aLtivilie5 (including in¢ome and expenditure acctsunil-. 5trdiemeni of finan¢ial position, ststemenl of cash nows and the related notc%. inrluding g summary of signitiC4nt accounting polici¢s. The financial reporting fraMe'0rk ihat has be¢n applied in their preparation is appli¢able law and United Kingdom A¢counting Standards. including FR8 102 The Financial Reporting Stsndard applicablt in the UK and R¢piiblic of Ireland (Uniied Kingdom Generally Acttpted A¢¢ounting Practice). In our opinion the financial stakments.. give a trne and fair vi¢w of the State of the ¢hgrity's affTs &$ at 31st August 2025 and of its inrornirkg resources ané appli¢aiion of resources, including ils income and expenditure. for the year then ended. hive been properly pr¢pared in accordance wilh Uthit¢d Kin8dot)) Generally A¢cepled Accounting Praaic¢,' hav¢ en pr¢pared in a¢cordan¢¢ with the requirements of the Compani¢s Act 2(M)6. Bfisis for opinio W¢ conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable laiv. Our responsibiliiie8 under thosc Standards are further described in the auditorfs r¢SnsIbl111les for the audit of thc fin8ClaI siAtements section of our report. We are ind¢p¢nd¢nt of the charity in atcordane¢ with the ¢thi¢al requirements that at¢ relevant to our aiidit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fijlfilled ouroth2rethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is Sufficieni and appropri8* io provide a basis for our opinion. Conclusions relating l• going eoDcern In auditing the financial statern¢nis, we have concluded that the t¥ust¢¢s' us¢ of the going wnc¢Tn basi5 of accounting in th¢ prepallOn of the fmancial $lat¢m¢nts is appropriate. Bascd on the work we have perfornlcd. we have not id¢niifi¢d any material unccrtaintie5 rel1ng to events OT conditions that. individua]ly or ¢ollectiv¢ly.. may cast sigiiifi¢ani doubt on tbe charity'5 ability to corttinue as going conc¢m for a period olai leasi twelve months from when thE fmancial statemen15 are auihorised for issue. Our res]x)nsibilities and the respon5ibilitie5 of the tNs¢w with respect to going ctsn¢em are d¢scribed in the relevant s¢¢tions of this report. Doc ID.. 76582d4fOe9c4a096a827163786b05e5508fttd7
London Contemporary Orchestra Limited Company Limited by Guarantee Independent Auditor's Report to the Members of London Contemporary Orchestra Limited Year ended 31st August 2025 O¢her iNforniatio The other infornation cornprises ihe irtfornjation included in the annual report. oth¢r than the finallcial siatements and ourauditor's reportthereon. The twstees ar¢ r¢sponsibk forthe other ithlomiation. Ouropinionon th¢finan¢ial sthi¢menis does not ¢over the other information and, exLepl to the extent otherwise explicitl} stated in our report. we do not express any fumi of SuranCe conclusion th¢r¢on. In ¢onn¢¢tion wit]1 our audit of the financial stat¢ments, our responsibility is to read the other infornaiion and, in doing so, wnsid¢r whether tlie other infomation is materially inconsistent ivith the financial statement5 or our knowledge obtained in ihe audit or otherwise app¢ars to be materially mis5tsted. If we identify su¢h material inconsistencL¢S or apparent material misstatemen15. we are required lo deterniine ivhcthcr there is a mat¢rial misstatement in the financial siaiements or a material rnisstatemeni of th¢ other it)fonnation. If. bLs¢d ih¢ work we have perfornied we concludc that ih¢re is a material mis51atem¢nt of ihis orh¢r infomiation: we are required to report that fa¢t. We have thIng to report in ¢hi$ regard. Opillions other matter$ prescribed by the Companies Act 2006 In OUT opinion, based on the work undertaken in the ¢ourse of the audit.. the inforniation given in the trustees, report for the financial year for which the financial ststements ar prepared is ¢OllSj5tent with the financial statement5- and the trusl¢¢s' r¢w>rt has been prepared in accordantt with applicable legal r¢qllir¢m¢nls. Matters which we are T¢quiYed to report by exfeplion In the light of the knowledge and und¢r8tsnding of the charity alld ils ¢nvironmeJ)t obtsined in the course of th¢ udii, w¢ have not identified material n]isslatements the trustee5' report. We have t)othing io report in respect of thc following matters in relion to which the CompaniesAci 2006 requires Us to rctth to you if. in ow opinion.. adequate av¥ountit)g r¢cords have not been kept, or retums adequate for our audii have noi t¢n received frorn branche5 not visited by us. or the finan¢ial statements are nol in Agre¢m¢nt with the accounting records and r¢lums' or certaiti disclosures of ttustees. rcmunerdtion specified by law are not made. or we have not e1V¢d all the infoTmarion and ¢xplanations w¢ require for our audil. or the trustees were not entitled to tak¢ odvontage of the small ctsrnpanies, exemptions from the requir¢mentto Pt¢por¢ a strategic report. Doc ID.. 76582¢J4fOe9c4a0988827163786b05e5508fcts17
London Contemporary Orchestra Limited Company Limited by Guarantee Independent Auditor's Report to the Members of London Contemporary Orchestra Limited Year ended 31st August 2025 Re$pollslbilltle$ of trnst¢¢s As explained more ]lY in the trustces, r¢spollsibiliii¢s stst¢m¢nt, the trustees (who are also Ihe directors for the purposes of ¢ompany law) are Fe5ponsible for The preparation of the financial ststemenls and for being salisfjed that they give a true and fair view, and lor such internal control a5 the Irusiees deterniÉne ts necessary to enabl¢ lh¢ preparation of financial stai¢ments that are free from material mi55taternent. whether du¢ to fraud or ¢rn)r. In pr¢paring the finan¢ial statements, the trust¢es are respottsible for assessing the charity's ability to continue as going ronccrn, disclosing, applicable, matters rclatcd to going wn¢em and using the going conccrn basis of accounting unles5 thc Irusiees eith¢r intend to liquidate the charity or 10 ¢case L)peratioThs, or have no Tealistic t¢maiiv¢ but to dn so. Auditor's respoosibilities for the audit of the fiDantial $t4teDhents OUT obj¢¢liv¢s ar¢ to obtain r¢asonable assurance alx)ul whether the flnancial statements as a whole are free from material tnisstalemenl, whether due to frdud or error. and to issue an auditor's rcport that inclu4Jes our opinion. Rea.qonable assllrancc 18 a high Icvcl of assurance, but is noi a gll2rantee that an audit conductcd in a¢¢ordanc¢ with ISAS (UK) will alway8 detect a matcrial rnis5tatemenl when li exists. Mi55tat¢ments can arise from fraud or eOr and are con5ider¢d material if, individually or in ihe aggre¥ai¢. they ¢ould r¢a50nably be expectd to Infju¢n th¢ ¢conon]ic decisions of user$ iaken on th¢ bwis of these fJnancia] slat¢m¢nts. Irregularities. including fraud. are instance5 of non-compliance with laws and gUlatIons. We design pn)¢edure$ line wsth our r¢5ponsibiliii¢s, oudined above, to detect Tnaterial misslatements in respect of irregularitie5. in¢luding frdud. The extent to which our pro¢¢dures are capable of dctecting i¢gUlaTjtic$, in¢lllding fraud is detailed below.. We obtained an underslanding of the legal and regulatory fram¢work applicable to the company and the s¢¢tor in which it operatcs. Wt detemiine that the following laws and Te¥ulations w¢re most significant.. UK Financial Reporting Standard for small and medium sized companies. the Companies A¢t 2006 and UK tax laws. We obtain¢d an t)derst8ndInts of how the ¢ompany is complying with those legal and regulations frameworks by making inquiries of managemenl. We corroborated those inquirie5 through our review of board minutes and legal aTLd professional ¢o$ts. We evaluated ihe design and implem¢tJiation of controls ovcr the financial reporting system5 and the ¢ff¢¢ttveness of the control environment as part of our risk as5e%sment. Wc &eSsed th¢ susceptibility of thc compathy's financial statement5 to material rni5StAtem¢nt, in¢ludtng how fraud mighi occur. Audit procedures perfornied by The engagement ieam in¢lud¢d= Identifying and oss¢ssing the design and effe¢tivenes$ of CDlltrols management has in plaGe to pr¢vent and d¢ie¢t fraud., Obtaining an understsrnling of how those charged with governance Considered and addressed the poteniial for oveIde of contro15 or influ¢tb¢e over th¢ financial reporting process- Chall¢nging assumptions and judgemenl made by management in it's significant accounting ¢Slimai¢s' Ideniifying aDd testing unusual journal entries Tnade by ihe management,. and Assessing lh¢ exient of ¢ompliance with the relevant laws and regulation5. l-he engagement partner asseyJ¢d wh¢therthc mana8emcnt team lleCtIVelY had the appropriate competence and capabilities to idcntify and recognisenon-¢ompliance with the relevant lawsand regulationsihrough an asSeSneI of the engagement team's.. Understanding of, and practical experien¢e with, audit engagements of a similar nature and complexity, thrvugh appropriat¢ iraining •Jd participation., and Knom'ledgc of the industry in whith the company operate. Team Mmu1¢ation in respect of potential tson- complianee with the laws and r¢gulalions and fraud including the potential for fraud in revenue recognition through transfer of inforjnaiim from th¢ ord¢T System to the accounting system. Doc ID: 76582d410e9c4a096a827163786b05a5508f¢TrYT
London Contemporary Orchestrg Limited Company Limited by GuargDtee Independent Auditor's Report lo the Members of ndOn Contemporary Orchestra Limited (rNed) Year ended 31st August 2025 As parl of an audil in aGcordan¢¢ with ISAS (Lry(). we exerc5se professional judgment ond maintain professional stepti¢ism throgI1)ut the audit. We also- Identify and assess the risks of mat¢rial misstatement of the fLnan¢ial siements, whether due 10 fraud or ¢rn)r: design and perfortn audit procedures responsive to th05¢ risks, and obtain audit evidence th is suffi¢i¢nt and appropriate toprovidc a basis for our0pin1(. The risk ofnot detectinga matcrial mtsstatement resulting from fiaud is higher than for onc resuliing from error, as fraud may irjvolve Gollu5ion, forgery, intentional ornissions. misrcpreseniations, or the overridt of it]t¢m#l ¢onirol. Obtsin an understanding olinternal control relevant to th¢ audil in ordcr to design audit procedures that are appropriale in the ¢ir¢umstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluatethe appTOPTiai¢ness of a¢¢ountiTh8 policies used and the r¢asOt)ableness of accLiuDlin8 estimat¢s and r¢lal¢d disclosures made by th¢ trustees. Conclude orj ihe appropriatenes5 of the trusttts, use of ihe going ncern basis of accoulltiJ]g and: bas¢d on thc audit evidence obiained, wheth¢r a material uncertainty exists related to ¢v¢nts or conditions that may cast significant doubt on the charity's ability to continue as a going concern. Ifwe conclude that a niaterial uncertainty ¢xists, we are requircd to draw Jttentioth in ollr auditor's report to the relAted dis¢losuTes in the financial statements or, if such disclosures are inadequate. to modify our opinion. Our ¢on¢lusions are based on the audii evidence obtained up to the date of our audiior's report. However, fubjre events or condition$ may cause the charity to ¢ease to continue &5 a going CLinGem. Evaluale the overall PTes¢ntstion, structure and content of the financial stst¢m¢nt$, including the dtsclosures, and whether the financial stat¢m¢nts represent the ut)d¢rlyitig tactIonS aThl events in a manner thai achieves fair prtsentation. W¢ ¢ommunieale with those charged with gOvernaCe regardin& among other malt¢rs. the plaDned scope and timing ofthe audit and significanl audit findings. including any significant dtficiencie5 in internal control that we identify during our audit. U$¢ Trf our report This report is rnadt 501ely to the charity's members, as a body-. in a¢¢ordance with Chaptcr 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might state to thc charity's members those matters we are required to stat¢ to them in an auditor's report and for no other pwpose. To thc fullesi exient pern)itted b law, wc do not accept or assume r¢sponsibility to anyonr other than ihe d]ority and the lhty.$ members body, for our audit work, for Ihis report, or forthe opinions we hav¢ fomi¢d. Sunth A qundaran ACA FCCA (Senior Ststutory Auditor) For and on behalf of Brook5 & Co. Chartered Accountants & Statutory Auditor 9 Cheam Road F.wcll Epsom Surrey KT17 ISP 141h May 2026 Doc ID.. 78582d4fC4>96a827163786bO5S508ts¢d7
London Contemporary Orchestra Limited Company Limited by Guarantee Statement of FiDancial Aettvities (including income and expenditure account) Year ended 31st August 2025 2025 Restrictcd nds 2024 Unr¢stricted funds Tot81 funds Total funds f4ot¢ Income 8Trd eDdowmeuts Ch2ritabl¢ artivities Other itirJ)me 1,430,526 52,719 16,849 J,447.375 .313,731 87,413 Totgl iD¢ome 1,483,245 16,849 JS00.094 1.401,144 Expenditure Expenditure on charitable activities Total expendilurt 7A 1,592,679 lJ92.679 1,440,007 1,592,679 lJ91679 1,440.007 N¢t •xpnditiire 2nd net movement in fund5 (109,4341 16,849 (92.$85) (38,863) Re¢oDcllltAon of funds Total funds broughi fon¥¥rd Total funds cgrried fornrd I38.8 134908 177,771 29.474 16,849 4V23 138,908 The statement of fin2mcial activities includes all gains and losses recotsynised in the year. All income and expenditure deriv¢ from ¢onlinuin8 aciivilies. I'he ao¢¢$ on p¢¢s 12 to 17 fom prt thest finaneial s18t¢m¢nts. Doc ID.. 76582d410e9c48a827l83786bQSe5508fCCd7
London Contemporary Orchestra Lin)ited Company Limited by Guarantee Statement of Finaneial Posltion 31st August 202.5 2025 2024 r4ott Current #sset$ Debtors Cash at bank atsd in hand 13 9&994 73,962 168,315 81.896 172,956 250,211 Creditors: amounts faming due within one ye#r Net curreDt A85ets 14 12&633 111,303 46J23 Total s5et$ less turrent liibllltles 46J23 138.908 Net assets 46J23 138,908 Funds of th¢ fharity Restricted fvnds Unrestricted fund8 16,849 29,474 138.908 Total eh#rity (und$ 16 46?23 138.908 These finan¢ial statements have been prepared in a¢¢ordanc¢ with the provisions applicable lo compaDies subject to the small compdni¢s' regime. These financial ststements were appioved b}, the board o(truste¢s and authorised for issue on 14th May 2026: and are signed on behalf of the Ix)ard by.. Mr N Mumby Dirtor -lThe not¢s On P•2ts A2 to 17 forh Prt of Ih48e finan¢il $¢*tement5. io t)oc ID.. 76582d4foegc4a096a827163786b0585508fccd7
London Contemporary Orchestra Limited Company Limited by Guarantee Statemenl of Cash Flows Year ended 31st August 2025 1025 2024 Cash llows from oper4tiDg gttivitie5 Net expendifyr¢ (92.585) (38,863) Aditsstmentsfor.. Jnkrest Poyabl¢ and similar charges Accrued {incom¢yexp•Jses 700 (6,773) 680 18,707 clgeS I.. Trade a1 other debtors Tr3d¢ oth¢r ¢r¢ditors 81,698 9,726 (101,980) Cash 8¢n¢rate41 from operations (72J4) (87.748) Intere paid Net cash us¢d in opernting activities {700) (7.934) (680} {88.428} Ne¢ de¢r¢a$¢ in cash ADd cgsh equiv¥41ents C4sh 4nd lash equivAlents 91 beginning ofye¥Jr Cgsh gnd tash equivalents gt end of year (7,934) 81,896 (88.4281 170,324 73.962 81,896 'rht notes on p*% 12 to 17 fotr of thest stAtement&. Ji Doc ID.. 76582d4fDe9c4aO96a827163786b0595508f¢u17
Li)ndon Contemporary Orchestra Limited Company Limiled by Gugrantee Notes to the Financiul Statements Year ended 31st August 2025 General inforni¢io The charity is a public benefit ¢nlity and 8 private company lirnited by guarantce, registered in England and Wales and a registercd charity in England ond Wales. Th¢ addr¢ss of the registered offitt is Suite 116, 43 Bedford Str¢¢l Covent Garden. London. Unii¢d Kingdom. WC2E 911A. State¢t ofcompJi4nc¢ These financial slatements have been pr¢pared in eompliance with FRS 102, 'The FiThan¢ial Reporting Standard applicable in the UK and ihe Republic of Irelartd., the Ststtment of Recommended Practice applicable to charities preparing th¢ir acnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {Charities SORP {FRS 102)) and the Companies A¢1 2006. AtCOUDtiDg polities Bsis of prqYJration The finanGia] statements hav¢ be¢n prepared on the historical cost basis. Going coThcern The trustees ¢onsidcrthat there are no matcrial uncertatttties aiK)ut the charity's ability to continue a5 a going Gonctrn. There are no m8t¢rial uncertainties affecting the eurrtnt year's a¢¢ounts. Judgements and key Sources of egtimatioD untertainty The preparaiion of the fJnan¢iai statement5 require5 maeTneI to make jud¥emenl4 esltmates and assumptiolls that aff¢¢t the amounts reported. These estimates and judgcments are cot)iinually reviewed and are based on experience and other factors. in¢luding cxpectations of tuturc events are believed to be reasonable under the cirGumstan¢es. Foreign turrencits Foreign cueneY tThgnsacliorts are initially re¢orded inthe functional currency, by applyingthe spot exchattge rate as at the date of the transartion. Monetary assets and liabilities denominated in foreign ¢urr•)cics are translated at the exchange rate ruling at the rewTrrting date, with any gains or losscs being taken to the statement of financial activities. Fund accounting The unrestricted funds are available for use at the dis¢reiion of the trustees in fijrtheranee of the general objectives ofthe charity and have not been designated for other PO$e$. Restricied lunds are fvnds which are to be used in accordance with Specific restri¢iions imposed by donor. or which have been raised by the ¢h8rity for particular purposes. The cost of rai5iTbg and adminisi¢rin8 such nds are charged against the spccific fund. In¢omiDg r¢sovttes Incojne fr(Th grant& patrons ond m¢mbers is accounted for on a receivable basis. Inwm¢ from chaTitabl¢ activitie5 15 sl¥)wn gross with the asso¢iat¢d costs included in direct charitable costs, nel of value added tsx. 12 Doc ID: 76582d410e9c4a096a827183786b05e5508fccd7
London Contemporary Orchestra Limited Company Limited by Guarantee Notes to the Finaneial Statements (¢ottthi#dJ Year ended 31st August 2025 Atcounting pilities IcL+Jrhnwrd) Resovrtes expended C()sts and ¢xpens¢s have been allocated betweeTh ¢osts of g¢n¢rdling voluntary income, charitable 8Ctivilies and govemanc¢ costs accordingto the nature of lh¢ eost incurred. All expenditure ss a¢¢ounted for under thc accrua15 coJie¢pt_ Support costs are allocated by apportiothment. Fln4nelg1 instTuments A f]nancial asset or a financial liability is reco8llL5ed oThly when the entity be¢om¢s a party to the contractual provision5 of the instrumeni. Basic financial instnjmenis are initially recognistd atth¢ amount rec¢ivable or wdyable including any rel#ied tran5aclion ¢osts, unl¢ss the arrangement constitute5 a finaE]cing transaction, wh¢re it Is reco8nised ai the present value ofthe futur¢ payments discounted ai a market rate of intcr¢5t for a similar debt instrument. (rrent assds and ¢urTent liabilities ar¢ subsequently measur¢d at the cath or other consideration ¢xp¢¢t¢d to be paid or received and not discounted. Wherc iThve51m¢niS in shares or preferencc shares are publicly traded or their fairvalue ¢arh otherwise be ineasurcd reliably, thc investmeni is subsequently m¢asured at fair value with changes in fair value re¢ognised in in¢om¢ and expenditurc. All other such investments ar¢ subsequ¢ntly me4surcd at C05t less impairn)eni. Other fJnan¢iJl instywments arc subsequently mcasured ai fthir vilu¢, with any changes reco i5ed in profit or loss.with th¢ ex¢tpiion of hedging in8truments in a dcsigThated hed¥ing rrl&tionship {s¢e h¢d8e accounting policy). Iiinanci ass¢ts ihat are measured at cost or amortis¢d ¢osi are r¢viewed for objective evi(knG¢ or impainnent at the end of each reporting date. If th¢re is objectiv¢ ¢vid¢n¢¢ of impwrnient, an impairnient Ios5 is recogniscd under the appropriat¢ Ii¢ading in the statemeiit of financial aGtivities in which the initial gain was recognised. Any reversals of impainnent are reco8nised immediately. to the extettt th31 th¢ reversal does not result a carryitlg amounl of the finon¢ial &%set that excced5 what th¢ GaTrying amount would have been had th iinpairnitnt not pr¢viou51y beeth re¢ognised. Defin¢d contribtion plAn5 Conlribvtioths to defined Contribution plans are recogni5ed &% aft expense in the period in which the relaled S¢tvic¢ ts provided. Prepaid contributtons are recognised an asset lo the ex*nl that the prepayment will lead to a reduction in fulurc payments or a cash refund. contiibuiions are not ¢xp¢¢red to be settled wholly within 12 m(Trnths of the end of ih¢ reporting dat¢ in which ihe employees render the relaled servic¢. the liability is Ineasured ot) a disci)unted present value b&shs. rhe unwinding of the discount is reeognised as an expcnsc in the period in whi¢h il grises. 13 Doc ID.. 76582d4fOa9c4a096a827163786b05e5508fc¢d7
London Contemporary Orchestra Limited Company Limited by Guarantee Notes ¢0 the Financial Statements Year ended 31s¢ AuEllSt 2025 Limited by guaranttt The liability of the company is limited by guarantee. Every mcmber of the company undertakes to contribuie to th¢ assets of thc company, in the eveni of the same being wound up while he or she is a member, ftsi payment of the debts and liabilities of the Lompany ¢oniract¢d before he or she L¢a5¢S to bE a tn¢mber, and of the G05t5. Charges and expenses of winding up. and foi the adjusiment of the right5 of the rontsibutori¢s among themselves, such anjount a$ may be required not exceeding £1. CbAritsbl¢ 4etivities Unrestricted Re5trieted Total Fund8 Total Funds Fund$ 202S FuThds 2025 2025 2024 Per(orman¢¢ fees BPI.. MEGS Grant 1,430J26 .43fl.526 16,849 ,313,731 16049 1.430,526 16,849 1.447J75 1,313,731 The Stricted fund represents a grant received from th¢ BPI to support the Orche5trs's upcoming "tA)S Angeles Marketliig and Promotiotjal Tollr" scheduled for November 2025_ Although the fut]ding was received in full during the current finan¢ial year, the associated projeGt exp¢ndiwre will occur after 31 August2025. CA)nse4uentJy, the full balan¢¢ of£16,849 IS CWTiedforwaTd as aTe5tri¢i¢d r¢s¢ry¢ io beutili5ed in th¢ n¢xt reportiD8 period. Otkntr IntMe lJnr¢strict¢d To¢*l FndS Funds 2025 Urtrestricied Toral Funds Funds 2024 Other inwme receivabl¢ 52,719 52.719 87,413 87.413 This rtlate5 10 or¢h¢stnl lax lIef. EXPeditre tharitxblt activities by fuDd typt Unrestricted FuDds Restrl¢t¢d Totgl FuDds Total Funds Fund$ 2025 2024 Charirable activitics expens¢s Co]nmission on royo1ti¢s Support C051s 1,431J22 11,422 J49,93.5 1,592,079 IA31J22 11.422 149,935 1,252,635 5,724 181.649 1.592,679 1,440,007 14 Doc ID.. 76582d410e9c4a096a827163786b05e5508ftcd7
London Contemporary Orchestra Limited Company Limited by Guarantee Iyotes to the Financial Statements (e•AAM Year ended 31st August 2025 Exptnditure on thAritAbie Activities by activity type UDrestritted Funds Restricted To¢al Fund$ FuDds 2025 Total Funds 2024 Charitable activities expcnse$ Commission on royalties Support costs 1,4Jl,J22 11,422 149.9J5 IA31 J22 11.422 149935 1,252,635 5,724 181,649 1.592.679 1592ffj79 1,440,007 Anglv$i$ of support costs Perfoman¢e Fmployment & edutation Governn£e of youllg eosts promotiOII of music Total 21125 Total 2024 Governance Costs Fin8n¢e wsts Human r¢sour¢es 39,682 21,72J 26239 708 15?96 87.642 708 61.585 108,050 773 72,826 30.792 15J96 70.475 37,117 42J43 A49.93 181.649 10. Independellt examination ftt5 2025 2024 F¢es payable to tbe independent examiner foT.' Independent cxamination of the financial 5tatemettts Other financial setvi¢es 1,750 7.250 9,000 IJ. Staff costs The totsl staff costs and employe£ bcnefit5 for the reporting period are analysed &5 follow5.. 21125 2024 Wages and salaties Social security costs Employer contribution5 to pension plans 6OJ79 71,285 125 ,415 1.199 61,584 72.825 The average head count of employee5 during the year was 3 (2024.. 3). Th¢ av¢rag¢ numb¢r of full-tin)e equivaleni employees during th¢ year is ana]ys¢d as follows.. 2025 2024 Number of sÈaff - admi 15 Ooc ID: 76582d4fOe9c4a096a827163786b05è5508fccd7
London Contemporary Orchestra Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31st August 2025 11. Stsff costs No ¢mploy¢e received employee benefits of more than £60.000 durin8 the year (2024-. Nil). 12. Trustee rmuDeratloTh and exptnses None for the year rnded 31st August 2025 (2024-Nil). 13. Deblors 2025 2024 Trade debtors Prepaynients and ¢nIed income Other debtors 33,459 12,816 52.719 80J90 439 87.486 9&994 168J15 14. Credit&rs: 4mouDts fAlling due within one yeir 2025 2024 Trade creditors Accruals and deferred Social securily and othcr iaxe5 Other Creditors 22.175 80.494 8.088 546 86,098 9,881 4.120 126,633 111,303 15. PensRDTrS and other PD5t retir¢menl benefit$ Defined eo#tribution plAnS 'rhe amount re¢ognis¢d in income or expenditure as an exp¢ns¢ in relation Èu d¢fined ¢ontribulioTh plans was £1.199 (2024.. £1,415). l& Analysis of charitbit [ndS Untsstrirted At 1st September 2024 At )Ist Au%usi 2025 Inwme Expendit Unr¢5tricted fimd 138,908 1,483.245 (1,592,679) 29,474 Ai 1st September At 3151 August 2024 Income Expcndiw Unrestricted fund 177,771 1,401,144 11.440,007) 138.908 16 Doc ID.. 76582d4fOa9c4a098a827163786b05e5508fccd7
London Contemporary Orchestra Limited Company Limited by Gllarantee Notes to the Financial Statements (co¥<1) Year ended 31st August 2025 I& ADalysi5 trf ch4ritabl¢ funds (¢OAllmitrf) Restricted funds Ai 1st September 2024 At 31rt August 2025 tncome Expenditwe Restricted Fund 16,849 16149 At 1st September 2023 At 3 1st August 2024 Income Expenditure ReStried Fund 17. Anal)Tis Of net osset8 between fuDds Unre5tTitted Fund5 R¢$tricted Total Total Funds Funds 2025 2024 Current a55¢ts Creditors les5 than l year 172,956 (126,633) 46J23 172.956 (126h33) 4&323 250,211 {111,303) Nd a5setd(liabiliii¢s} 138,908 I& ADalysts tsf ¢hgnges ID net debt At At I Sep 2024 Cosh flows 31 Aug 2025 Cash at bank aThl in hand 81,896 {7,934) 73,962 19. Rtlated pgrties The Charity Trustees give their time freely and receive no remuneration or other financial ben¢fits for th¢ir services as Trustees. No Trust¢¢ ¢xpenses were reimbursed during ih¢ year (2024-. £Nil). Transactions with Mernber5 and Conn¢tted Parties.. During th¢ y¢ar, the Charity paid commissiolls for professiotlal services to its. two memb¢rs. These tran5action5 are conduct¢d ai arni'5 length and in ac¢ordan¢¢ wilh th¢ Charity's goveming document. llje total omounts paid w¢re as lolk)ws'. Related Party Nature of S¢rvi¢e 31 Aug 2025 31 Aug 2024 Hugh Brunt o-Artistic Dire¢tQT/ co-Principal ConduLttsr 50,705 75,455 Rubert Am¢$ co-Artislic l)iTectOT/ co-Pnncwal Conductor 65.561 66.724 Tot*1 116266 142,179 17 DDC ID.. 76582d4fOe9c4aOa827l83788bOSeS508lCCd7