AEGtSTERED COMPANY NUMBER.. 07307638 {En￿and and Wales) REG￿TERED cHAR￿y NUMBER: 1137th)6 ortof e Trusiee5 and udited Financial Staternents for th Year Ended 12 Se tem 023 East London Lote Starter5 Orchestra Fili A£counting tsmiteo 6a St Andrews Court Wellin8LQn Street Thame Omlordshire OX9 3WT *AD2017UB* OW5f2024 COMPANIES HCIJSE A11 23 Ea ÉL r London Late S rters nten hey arEn ed12 tember 2 Pages Report of ihe Trustees Independent Exarninerf5 RepDrt Statement of Finanoal Acttyities 9tolO Balance Sheet Ilto12 Notes io the Financial Statemefits 13to16 Detailed StsteM￿¢ tsf Finam¢i41 Aaiviiies 17to18 'iJlkn East London Laie Starte tra ort of the Trustees- continued for th Y ar nd*d The Direclors present ihwr annual re￿rt and the finaroal ￿￿eMen15 of the thaiity lot the yearended 12 Septernber 2023. The accounts have been prepared in accordaTh￿ the accounting policies sei out in note I to the actounts and ornply with the CornpaTh￿s Articles of Association, the Companies Acr 2CrfJ6. and the Sratement of Re¢ommended Practice ISORPI'Accoynting and Rewrting by Charitie5'. issued in Marth 2(1)5. Re8i5tered Company number 07307638 (England and Walesl Re81￿tTed Charity number 1137006 R¢8tsier¢d offi¢¢ Kemp House Capital Office 152 City Road London ECIV 2NX Directors Judfc Ambrus Denise Brewster Patricia Dambrine Jacqueline Honeyball Michael Lee Jacqueline Parker Lynda Rowlinsoft ZeThani &bindi Bernadette Steiert Pearl Williams Independent examlner Fili Accounting Limited 6a St Andrews Court Wellin8ron Street Thame, O¥ford5htre OX93 Approv by rder of the toar trustees on 1st March 2024 and signed on its ￿alf b¥.. ne Bankeis Unity Trust Bank 4 8r¢ndley Place 8imiingham, bl 2J8 CAF Bank 25 Kings Hill Avenue Kings Hill. West Mallin8 Kent. ME19 4TA a t LOll(k)n rters Orchestr ELL50 stees- c ar SrRU￿uRE. GOVERNANCE AND MANAGEMENT The East London Laie Starters Orchestra IELiSOI was incorporated as a company limited by zuaraniee on 7 July 2010 (number. 73076381 and is registered as a charity irb England and Wales Inumber 1137(K161. It is the succe550r ol an unincorporèted organisatioN ol the same name which was fovnded in 1983. re¢istered 35 a chanty w 9 July 1992. and issolved on 5 April 2011. The"Eovernine document specif7es th31 the charity is established to Wfwnote public knowledge and appretièti(xl iof musit particula¥ly the establishment and Maintenance of a comrnvnity orchestra which ￿11 provide an opportunity for 5trurtured group learning of instrumental and vocal performance by Eate srarEers 3nd eDcuura8e pariicipation by them in all a5PeCts of music. The Directors who served durin8 the year were.. Judit Ambrus Denise Brewster Iseuetaryl Elected january 2023 Elected March 2022 Rtrelecied March 2022 Ctropted September 2022 IElecred Maith 20231 Elected February 2020. resigned October 2022 Elerted Marth 2022, resigned Stptember 2023. Elected March 2023 ITrea5urer from ottober 20231 Rtrdected Mareh 2023 Elected March 2023 Ctropted September 2022 IEletted Maith 20231 . Re-ele£ted Marrh 2023 Co-opted September 2022 (Elecred March 20231 Ae-decied March 2021. resigned March 2023 Atre￿£1ed March 2023 Patricia Dambrine Adiele Ejiofor Nicola Ellis ITrEasurerl Jèt4ueline Honeyball ike Lee lacqueline Parker Lynd6 Rowlinson Zenani Sibindl Bernadette Steiert Andrew Watson Pearl William5 The Directors of the tompany are also the iru5tees of ihe charity. None of the DTrectors have any beneficial interest in the conwany. Directors are appoinied by the members in general meetini. The Oire£tors may thern5el¥es appoint a member to act as a Diiertoi suty'ert io ihat individual being tonfirrned in office at the followirbg eener31 mÈetinK. Membership is subjert to reEulotions made by the direciors under power5 in ihe Article5 of As50Cl3tion and require5 payment of a subxription. Membership runs Irom the date of enrelment until 12 September. members guarantee to contribute a sum not excÈedifi8 £IOin the event of a Mnding up. The trustees meet a minimum of 6 times a year to discu55 the strate8i¢ directyoTh and oversi8ht of the company. They ppoinl l¥om arnong their number a Chair. a Secietary and a Treasurer. Othef Board mernbers undertake prlcticol tasks ol membership adrninisiration. tutor liaison. website management. health and safely rnonito¢in8 and instrument hire. No Dire(ior eyerdses any fvnrtions or powers other than those f_ Gift.Aid from previous years. whi£h ￿4$ a significarf fortor in our finaNci•l recovery from the pandeni&.4C•rfti￿¥eIiè be a'weful addition to our*nances. The amount we were oble to daim for 2022.23 15 £6.82.1:- With rhe.aim of keeping ELLSO fees to a minlmum. the Directois souiht advice from Makin8 Music Ithe membership organisation for amaievr music Broup51 on hJrther Kope for claimin8 Gift ￿rf. Plaking Mu51<5 guidance, developed in consultation with KMRC. indiiates thai it is reasonable for ELLSO to claim Gift Aid on It5 annual membe¥5hip fee. on 311 non-tvition related portions of its fees and on donations eolleeied for refre5hment5 and at concen5, to the extent permitted under GiFr rule5 and the Gift 5rnall Donation5 Scheme. The Ooard has agreed to proceed on this basis in the future. Reserves Pohty The Directors have e5tabli5hed a policy to provide for an adequate level of reserves to enèble the company to carry eut its chzritèble objectNes, recognisin¥ that restricted funds are yven for speeific purp05e5 and tan anl¥ be used for those purp05e5. There should be sufficient unre5Eficted reserves to ensure the continuiiy of activtties to prevent disruption by short ttrm variances In cash fiov4s or unplanned events enablin¢ the company to meet Its contrartual This policy. whi¢h 15 revie￿￿ annually. cyrreThtly require% a reserve of up to iwo terms, cost5 for all term-based activities and, for any residential acti￿1¥. to seek to hold 25% venue cost5 plus 50% of tutor fees. In March 2022 a suitable reserve5 fizure of £74.(M)O wa5 agreed. The balanceof Unre5tncied Funds available 15 £104.393 after alloTrMn8 for Funds of £537 invested in Musicol InstTurn2nts (represented by Fixed A55ets on the 8alance ShEetl. ApproveLI by order of the board of trystees on 1° March 2024 Inde ndent Examiner's R ort London Late Starters Orchestra he Trust of Independent exarniner'5 report to the trustees Qt East London Late 5¢4rters Orchestra IELiSOI I'the Company'l report to the charit¥ trustees on rny examinarion ol the accounts i>f the C¢mp3ny for the year ended 12 September 2023. Rewrbslbilitie5 and basis ol report The charity's trustees of the C¢)rnpar)y land a150 its diTertors foi the purposes of company lawl are responsible for the wÈpèration of the accounts in accordince wth the requirements of thecompanies Act 2￿61'[he 2006 Act'l. Havin8 satisfied myself that tht acrounts tsf the Company are not required lo be audited under Pan 16 of the 2006 Act and ère eli8ible for independeTht èxamination. I report in respea of ry examination of your charity's arcounis a5 arried out under section 145 of the Choniies Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions ¢i¥en by the Charity Commission under 5e£tion 145151 Ibl olthe 2011 Art. Independwt examin*$ statement I have ¢ompl*ted my exomination. I confirm thai matter5 have CMLe to Iny aneniion in connectlon with the examinaison giving me cause to believe.. accounting record5 were not kept tn respect ofthe Cornpany as reqilred by settion 386 of the 2006 Act,. or the accounts do not accord with those retords". or the accounts do not £omply wsth the aciountin8 requirement5 of5ertiw 396 of the 2006 Act other than anv requirement that the account5 give a true and lair view which 15 nol a matter considered as part of an independent exarninaiion. or the atcounr5 have not been prepared in accordance ¥￿th the rnethods and pnnciples of the Statement of Recomrnended Prattice foraccounttnE ènd reporting by chariDe5 applicable to charities preparing their accounts in a£cordarKe the Financrdl Reporknng Standafd ap￿1¢&ble In the ux artd Repvblicof Irdand IFRS 1021. Basls of ihe ind¢pendent txaminv's rtport My examination was carried in accordance wth rhe General Directions given by the Charity Commi5510n. An examination in¢lude5 a review of the ac¢owrin8 re¢¢rd5 kepr try the charity and a comp4rison of the accounts pre5enied wth those retord5. Ir a150 includes consider3rion of any unusval item5 or disclosures In rhe account5. ond 5eeWn£ explanatlons from you as trustees concerning any such mattefs. The procedures undertaken do noi provide all the evidence that would be required in all audil and con5equeDtly no opiniDn is 8iven a5 to whEth￿r the accounts present a true and fair view, and the report is limited to those mattels set out in the statements bÈlow. Independent examintr's #attrntnt In ¢onne£tion with my examinoiion. no Matter ha5 cometo my atteTrIK￿'. 111 which gives me reasonable cause to bel*ve thai. in any material respect. the requirements to keep accounting records in iccordance Mth Section 386 and 387 of the Compan¢es Aci 2C4J6." and to prepare 3ccount5 which accord with the èc£ountin8 re