REGISTERED COMPANY NUMBER: 07843236 (England and Wales)
REGISTERED CHARITY NUMBER: 1145130
Chartered
Accountants
Report of the Trustees and
Financial Statements for the Year Ended 31 August 2024
for
The Cardiff Philharnionlc Orchestra
(A Company Limited by Guarantee)
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BPU Limited
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Radnor House
Greenwood Close
Cardiff Gate Business Park
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The Cardiff Philhamionic Orchestra
Contents of the Financial Statements
for the Year Ended 31 August 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Ststements
9 to 14
Detailed Statement of Financial Activities
15 to 16

The Cardiff Phllhamionic Orchestra
Report of the Trustees
for the Year Ended 31 August 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the financial statements of the charity for the year ended 31 August 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1
January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Cardiff Philharmonic Orchestra is controlled by its governing document, the articles of
association, and constitutes a company limited by guarantee, as defined by the Companies Act
2006, and is a registered chartty.
Public Benefit Delivery, Charitable Purposes and Objectives
The Cardiff Philharmonic Orchestra's objects are to advance the education of the public in the
appreciation of the art and science of music in all of its aspects by the presentation of public
concerts and recitals and by such other ways as shall be decided from time to time.
Organisational Structure
The Cardiff Philharmonic Orchestra is controlled by the directors who supervise its activities. The
directors met fomially ten times during the year. Advi￿ and assistance from players and external
advisers are made use of as and when appropriate.
Risk Management
The directors have a duty to identify and review the risks to which the Cardiff Philhamionic
Orchestra is exposed and to ensure that appropriate controls are in pla￿ to provide reasonable
assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07843236 (England and Wales)
Registered Charity number
1145130
Registered office
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
Trustees
M Bell MBE
L S Robinson
Msmay
P F Randerson
J Scott

The Cardiff Philharmonlc Orchestra
Report of the Trustees
for the Year Ended 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
John Huw Palin FCA
BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

The Cardiff Philharmonic Orchestra
Report of the Trustees
for the Year Ended 31 August 2024
ACTIVITIES AND FINANCIAL OVERVIEW
Activities
During the financial year the Cardiff Philharmonic Orchestra gave 5 Con￿rtS. Two concerts were
given in Llandaff Cathedral. Film Night Con￿rtS were given at Blackwood Miners, Institute and the
New Theatre Cardiff, a new venue for the orchestra,. and one cOn￿rt was given at Hoddinott Hall,
Cardiff.
Financial Performance
A surplus of £55,391 was recorded during the year (year ended 31 August 2023
£11,167).
surplus
Total incoming resources for the year were £87,983 (year ended 31 August 2023 - £46,368), of
which £51,559 (year ended 31st August 2023 - £nil) related to the establishment of the Claire
Frankcom Fund for Young Soloists.
Reserves Policy
The directors seek to maintain a level of reserves that will provide financial support for a minimum
of ten orchestral Con￿rtS.
Investment Policy and Objectives
Cardiff Philhannonic Orchestra invests surplus funds for the short to medium term on the best
terms available for the period of time for which the funds are available.
RISK ASSESSMENT
Any per￿1Ved risks are considered at the regular Board meetings and any necessary actions are
then implemented to reduce the risk areas of greatest con￿rn.
ST. DAVID'S HALL
St. David's Hall, Ihe Cardiff Philharmonic Orchestra's main venue for many years. remains closed.
It is unlikely that St. David's Hall will re-open until Autumn 2026 at the earliest. With the ongoing
closure of St David's Hall, the orchestra has perfonned suc￿Ssful con￿rtS at Llandaff Cathedral,
the New Theatre, Cardiff and BBC Hoddinott Hall.
THE CLAIRE FRANKCOM FUND FOR YOUNG SOLOISTS (CFFYS)
In October 2023 Claire Frankcom's aunt, Miss Gwyneth Lewis, provided an endowment of £50,000
to the orchestra to establish the Claire Frankcom Fund for Young Soloists. The fund is to be used
to provide funding to engage young soloists for concerts presented by the Cardiff Philharmoni
Orchestra.
The Fund was used in October 2023 to present the exciting young guitarist. Pavel Ralev, in a
performance of Rodrigo's Concierto de Aranjuez at Llandaff Cathedral.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of The Cardiff Philhamonic Orchestra for the purposes of
company law) are responsible for preparing the Report of the Trustees and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practi￿).

The Cardlff Philharmonlc Orchestra
Report of the Trustees
for the Year Ended 31 August 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued
Company law requires the trUSt￿S to prepare financial statements for each financial year which
give a twe and fair view of the state of affairs of the charitable company and of the incoming
resour￿5 and application of resources. induding the income and expenditu￿, of the charitable
company for that period. In preparing those financial statements, the trustees are required to
select suitsble accounting policies and then apply them con5iStently"
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent:
prepare the financial statements on the going concem basis untess it 15 inappropriate to
presume that the charitable company will continue in bustness.
The trUSt￿S are responsibEe for keeping proper accounting records which disclose with
reasonable accuracy al any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Ad 2006. They are also
responsible for safeguarding the assets of the charrtable company and hence for taking
reasonable steps for the prevenlion and detectton of fraud and other irregularities.
Approved by order of the board of truste8s on .... .
behalf by=
and signed on its
MSMay-Trus

Independent Examiner's Report to the Trustees of
The Cardiff Philharmonic Orchestra
Independent examinerfs report to the trustses of The Cardiff Philharmonic
Orchestra ('the Company.)
I report to the charity trustees on my examination of the accounts of the Company
for the year ended 31 August 2024.
Chartered
Accountonts
Responsibilities and basls of report
As the charity's trustees of the Company (and also its directors for the purposes of
company law) you are responsible for the preparation of the accounts in accordance
with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be
audited under Part 16 of the 2006 Act and are eligible for independent examination,
I report in respect of my examination of your charity's accounts as carried out under
Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under
Section 145{5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my
attention in connection with the examination giving me cause to believe.
accounting records were not kept in respect of the Company as required by
Section 386 of the 2006 Act. or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of
the 2006 Act other than any requirement that the accounts give a true and fair
view which is not a matter considered as part of an independent examination.
or
the accounts have not been prepared in accordan￿ wtth the methods and
principles of the Statement of Recommended Practi￿ for accounting and
reporting by charities (applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)).
Radn(x House
GI￿r￿00d Close
Cordiff Gole business Potk
Cordirf CF23 8AA
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.
John Huw Palin FCA
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The Cardiff Philharmonic Orchestra
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 August 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Notes
INCOME AND ENDOWMENTS FROM
Charitsble activities
Charitable activities
34,722
50,000
84,722
46,221
Investment income
1.702
1,559
3,261
147
Total
36,424
51,559
87,983
46,368
EXPENDITURE ON
Costs of generating funds
32,592
32,592
35,201
NET INCOME
Transfers between funds
3.832
940
51,559
(940)
55,391
11,167
10
Net movement in funds
4,772
50,619
55,391
11,167
RECONCILIATION OF FUNDS
Total funds brought forward
55.532
55,532
44,365
TOTAL FUNDS CARRIED FORWARD
60,304
50,619
110,923
55,532
The notes form part of these financial statements

The Cardiff Philharmonic Orchestra
Balance Sheet
31 August 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Notes
FIXED ASSETS
Investments
35,000
3S,000
CURRENT ASSETS
Debtors
Investments
Cash at bank
4,509
35,000
26,408
1,106
10,000
4,513
5,615
45,000
30,921
6,622
49,960
65,917
15,619
81,536
56,582
CREDITORS
Amounts falling due wtthin one year
(5,613)
(5,613)
(1,050)
NET CURRENT ASSETS
60,304
15,619
75,923
55,532
TOTAL ASSETS LESS CURRENT
LIABILITIES
60.304
50.619
110,923
55,532
NET ASSETS
60,304
50,619
110,923
55,532
FUNDS
Unrestricted funds
Restricted funds
10
60,304
50,619
55,532
TOTAL FUNDS
110,923
55,532
The charitable company is entitled to exemption from audit under Section 477 of the Companies
Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the
year ended 31 August 2024 in accordan￿ with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections
386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which
Othe￿ISe comply with the requirements of the Companies Act 2006 relating to financial
statemersts, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...

The Cardiff Phllham)onlc Orchestra
Balance Sheet - contlnued
31 August 2024
These financial statements have been prepared in accordan￿ wilh the provisions applicable to
charitable companies subject to the small companies regime.
Y,ffinanFial.statements were approved by the Board of Trustees and aulhorised for Issue on
. and were signed on its behalf by:
stee
L S Robinson - Trustee
The notes fom part of these financial statements

The Cardiff Philhannonic Orchestra
Notes to the Financial Statements
for the Year Ended 31 August 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company. which is a public benefit entity under
FRS 102, have been prepared in accordance with the Charities SORP (FRS 102)
'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordan￿ wtth the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland, and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention, with the ex￿ptIOn of investments which are
included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has
entitlement to the funds, it is probable that the income will be received and the amount can
be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the category. Imiere costs cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent with the use
of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities. Orchestra Tax Credit
Relief is credited in the accounting period in which it is received.
Investments
Investments comprise fixed term deposits that mature after more than twelve months. Fixed
tenn deposits that mature in less than twelve months are included in current assets.
INVESTMENT INCOME
2024
2023
Interest received
3,261
147
continued...

The Cardiff Philharmonic Orchestra
Notes to the Financial Statements - contlnued
for the Year Ended 31 August 2024
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 August 2024
nor for the year ended 31 August 2023.
Trustses, expenses
Trustees, expenses of £45 were paid in the year ended 31 August 2024 (2023.. £35).
STAFF
The charity employs no staff.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities
46,221
46,221
Investment income
147
147
Totsl
46,368
46,368
EXPENDITURE ON
Costs of generating funds
35,201
35,201
NET INCOME
11,167
11,167
RECONCILIATION OF FUNDS
Total funds brought fO￿ard
44,365
44,365
TOTAL FUNDS CARRIED
FORWARD
55,532
55,532
10
continued...

The Cardiff Philhamionic Orchestra
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
FIXED ASSET INVESTMENTS
2024
2023
Cash on deposit
35,000
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Concert debtors
Other debtors and prepayments
1,276
5,346
5,615
5,615
6,622
CURRENT ASSET INVESTMENTS
2024
2023
Cash on deposit
45,000
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals and other creditors
5,613
1,050
10. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds At 3118124
At 119123
Unrestricted funds
General fund
55,532
3,832
940
60.304
Restricted funds
Claire Frankcom Fund for Young
Soloists
51,559
(940)
50,619
TOTAL FUNDS
55,532
55,391
110,923
continued...

The Cardiff Philharmonic Orchestra
Notes to the Flnancial Statements - continued
for the Year Ended 31 August 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming ReSoUr￿S
resources
expended
Movement
in funds
Unrestricted funds
General fund
36,424
{32,592)
3,832
Restricted funds
Claire Frankcom Fund for Young
Soloists
51,559
51,559
TOTAL FUNDS
87,983
{32,592)
55,391
Comparatlves for movement in funds
Net
movement
in funds At 3118123
At 119122
Unrestricted funds
General fund
44.365
11,167
55.532
TOTAL FUNDS
44.365
11,167
55.532
Comparative net movement in funds, included in the above are as follows:
Incoming Resources
resources
expended
Movement
in funds
Unrestrlcted funds
General fund
46.368
(35,201)
11,167
TOTAL FUNDS
46,368
(35,201)
11,167
12
continued...

The Cardiff Philharmonic Orchestra
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
be￿een
funds At 3118124
At 119122
Unrestricted funds
General fund
44,365
14,999
940
60,304
Restricted funds
Claire Frankcom Fund for Young
Soloists
51,559
(940)
50,619
TOTAL FUNDS
44,365
66,558
110,923
A current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows:
Incoming ReSoUr￿S
resources
expended
Movement
in funds
Unrestricted funds
General fund
82,792
(67,793)
14,999
Restricted funds
Claire Frankcom Fund for Young
Soloists
51.559
51,559
TOTAL FUNDS
134,351
(67,793)
66,558
11. RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 August 2024.
13
continued...

The Cardiff Philharmonic Orchestra
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
12. MEMBERSHIP
The liability of the members is limited to £1 during membership, or within one year after
resignation, as may be required on the occasion of the winding up of the company. There
were 99 members as at 31 August 2024 and 2 resignations during the year (31 August 2023
98 members and 2 resignations).
14

The Cardiff Philhannonic Orchestra
Detalled Statement of Financial Activities
for the Year Ended 31 August 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Interest received
3,261
147
Charitable activities
Performance Income
Orchestra Tax Credit
Donations
30,817
3,817
50,088
41,341
3,767
1,113
84,722
46,221
Total incoming resources
87,983
46,368
EXPENDITURE
Costs of staging performances
Hire of Concert Halls
Performance Fees
PRS Fees
Credit Card Commission
Music Hire and Purchase
Marketing
Travel
Instrument Hire
Printing
Rehearsal Hall Hire
13,138
2,190
843
524
3,997
192
95
4,211
1,343
1,659
13,833
900
1,731
820
2,476
4,503
35
4,322
1,159
1,589
28,192
31,368
Costs of administration
Member Events
Communications
Insurance
Subscriptions
Professional Fees
Sundries
Storage Costs
Bank Charges
254
376
285
486
1,164
39
1,735
61
77
224
270
276
1,134
12
1,770
70
4,400
3,833
This page does not form part of the statutory financial statements
15

The Cardiff Philharmonic Orchestra
Detailed Statement of Financial Activities
for the Year Ended 31 August 2024
2024
2023
Total resources expended
32,592
35,201
Net income
55,391
11,167
This page does not form part of the statutory financial statements
16