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2021-08-31-accounts

Faust Chamber Orchestra

T����ee�� A���a� Re����

From 1 September 2020 to 31 August 2021

Registered Charit� England & Wales no. 1163070

Registered charit� England and Wales no. 1163070

The trustees are pleased to present their annual report together with the financial statements of the charit� for the �ear ending 31 August 2021.

CHAIR�S REPORT

Like the last, this season was curtailed b�the continuing Covid-19 pandemic. However, there were some important successes, including two large-scale appearances at Cambridge Summer Music Festival, in which FCO appeared under Mark Austin alongside renowned soloist Tasmin Little, co-commissioned a new work Iridaceae from composer Charlotte Harding (soon to be published b�Faber), and delivered a successful educational workshop for 100 children. Members of FCO also performed on an album recording �Bach Inspired�alongside The Bach Choir, which has received a 4-star review from BBC Music Maga�ine. There was one outdoor concert in the chamber series which proved to be ver�popular as people emerged from lockdowns.

OBJECTIVES AND ACTIVITIES

The objective of Faust Chamber Orchestra (the �Orchestra�) is:

to advance, improve, develop and maintain public education in, and appreciation of, the art of music in all its aspects b�the presentation of public concerts and recitals, and b� such other means as the trustees shall determine from time to time.

The Orchestra is composed of �oung professional musicians and aims at making classical music fresh, comprehensible, and inspirational in the concert hall. Under the artistic direction of conductor, Mark Austin, the Orchestra provides accessible spoken introductions and musical demonstrations as part of its concerts, which bring the music closer to audiences.

In order to achieve its objectives, the Orchestra organises and delivers a range of live performances, in 3 main formats:

The Orchestra gives professional pla�ers the opportunit�to perform with and pla�an active and fairl� remunerated role with a top-class ensemble.

The Orchestra is involved in the communit�and relies on voluntar�help. In addition to the time volunteered b�trustees and members of the management team, several volunteers assist with bo�office administration, concert management, and catering for Orchestra

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pla�ers and guest artists. Faust Chamber Orchestra is e�tremel�grateful for their ongoing support.

In shaping the objectives for each season and planning the activities, the Charit�Trustees have had regard to the Charit� Commission�s guidance on public benefit.

PERFORMANCES

O�c�e���a� c��ce���

The 2020-21 season included two major engagements:

Saturda� 17 Jul� 2021 (three performances, including one for children) Ca�b��d�e S���e� M���c Fe����a� Sa���-Sa��� Ca����a� �� ��e A���a�� C�a�����e Ha�d��� I��daceae (����d ��e��e�e) D���a� Se�e�ade ��� S������ Rac��a����� F����� �� ��e B��b�ebee (a��. A�����) Ta���� L����e narrator Fa��� C�a�be� O�c�e���a Ma�� A����� conductor We�� R�ad C�nce�� Hall, Camb�idge Saturda� 31 Jul� 2021 (two performances) Ca�b��d�e S���e� M���c Fe����a� Deb���� Pr�lude � l�apr�s-midi d�un faune (arr. Farrington) De���� Paris (premiere of new arrangement for chamber orch. b� Iain Farrington) D��a� The Sorcerer�s Apprentice (arr. Farrington) Ge������ An American in Paris (arr. Farrington) Fa��� C�a�be� O�c�e���a Da��d H��� conductor We�� R�ad C�nce�� Hall, Camb�idge

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C�a�be� Se��e�

Onl� one programme could be performed (outdoors) due to the pandemic.

Sunday 25 July 2021 London Viennese Sound A �����a��e �� V�e��e�e c�a���c�, �e�����ed ���d����

Penn House, Buckinghamshire

Rec��d���

9-11 July 2021

Bach Inspired

Rec��d���� �� �e� ����� b� Ga��� H������, H�����e We��e�, Ca��e� H�, De� O���e�, Ja�e� B W����� a�d C�a�����e Ha�d��� ������ed b� c���a�e� ���� Bac��� �S� Ma���e� Pa������

T�e Bac� C���� Fa��� C�a�be� O�c�e���a Da��d H���, c��d�c��� Ma�� A�����, ���d�ce� St John�s, Smith Square

The album was released b� Stone Records on 18 March 2022

Ed�ca���� Ac������

The orchestra delivered a successful educational workshop for 100 children at Cambridge Summer Music Festival, based on Saint-Sa�ns��Carnival of the Animals�led b�artistic director Mark Austin and featuring Tasmin Little.

FINANCIAL REVIEW AND PRICING POLICY

The results for the �ear ended 31 August 2021 and the financial position as at 31 August 2021 are set out in the Annual Accounts prepared on the basis of receipts and pa�ments.

The financial �ear 2020-21 ended with an overall surplus of �5006, resulting from total receipts of �30066 and total pa�ments of �25060. Cash funds at the �ear end amounted to �19820.

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Registered charit� England and Wales no. 1163070

P��c��� P���c�

Affordabilit�and access to the performances are important criterias and the pricing polic� reflects the strateg�of enabling all within the communit�, whatever their means, to attend a live music performance. Full ticket prices to the orchestral concerts in this season were however determined b� the promoter.

Re�e��e� P���c�

The trustees acknowledge the need to maintain sufficient reserves to provide a degree of financial securit� for the Orchestra's ongoing and future operations.

Continuing from the previous season, the board worked on the basis of a reserve polic�which established that funds equivalent to t�pical project turnover, �10,000 at the time, should be held as free reserve to ensure financial stabilit�.

As the Orchestra develops and the si�e of its operations changes, the amount of reserves will be reviewed accordingl�.

GOVERNANCE AND MANAGEMENT

G��e����� d�c��e��

Faust Chamber Orchestra is a Charitable Incorporated Organisation governed according to its Constitution (�foundation� model) dated 7 March 2014.

The Constitution was modified on 29 Jul�2015 (Object) and further modified on 30 November 2015 (change in name from Faust Ensemble to Faust Chamber Orchestra).

O��a���a����

The trustees are responsible for the overall management and control of the CIO. The board of trustees meets on a quarterl� basis, with members of the management team in attendance.

Decisions are made b�simple majorit�of votes at a meeting of the board of trustees or b� resolution made in writing or in electronic form and agreed b� all trustees.

All Trustees give of their time freel� and no remuneration or e�penses were paid in the �ear.

Da� to da� management of the Charit��s affairs is delegated to the Artistic Director.

A�������e�� �� T����ee�

The e�isting trustees ma�appoint a new trustee at an�time for a term of three �ears b�a resolution passed at a meeting of the board of trustees.

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FS F￿￿$t ChBmber Orchestra ster*J charity England and Wale5 no. 1163070 In selecting indivTduaLs for appointment as charity trustees, the exTSting trustee5 have regard to the skills, knowledge and experience needed for the effective administration of the Charity. There must be at least three and not more than twelve trusiees. REFERENCE AND ADMINISTRATION DEfAILS CharTty name: Faust Chamber Orchestra Previously known as: Faust Ensemble (name change decided on 30 November 2015 and recorded by the Charity Commission on 22 December 20151 For the purFM)ses of STmplicity, the organisation is referred to as 'Faust Chamber Orchestra. or 'the Orchestra. throughout this report Charity Number: 1163070 (registered on 10 August 2015) Address: 8 Howe Drive. Beaconsfield, Bucks, HP9 2BG. England Website: vMw.faustcham estra.or Trustees The trustees serving during the year are set out below: Countess Elizabeth Fknye Ms Klara Kan Mr Gordon Austin Chairman Treasurer The members of the Management team serving during the year were: Mr Mark Austin Artistic Dirertor This report has been approved by all of the charitys trustees, and signed on their behalf by: Countess Elizabeth Howe Date 231.oLI.Zo22

Faust Chamber Orchestra 1163070 Receipts and payments accounts CC16a For the period 1/9/2020 31/8/2021 To from

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Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Voluntary Income - - - - -
Donations 1,750 - - 1,750 -
Grants - - - - -
Gift Aid - - - - -
Income from Charitable Activities - - - - -
Ticket Sales 1,967 - - 1,967 -
Performance Fees 26,349 - - 26,349 -
- - - - -
Sub total (Gross income for
AR) [ 30,066 ] - - 30,066 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 30,066 - - 30,066 -
A3 Payments
Costs of Charitable Activities - - - - -
22,776 - - 22,776 -
Venue and Other Costs 2,284 - - 2,284 -
Support Costs - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 25,060 ] - - 25,060 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments [ 25,060 ] - - 25,060 -
Net of receipts/(payments) 5,006 - - 5,006 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end 14,814 - - 14,814 -
Cash funds this year end 19,820 - - 19,820 -
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Section B Statement of assets and liabilities at the end of the period

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Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Cash at bank 19,174 - -
Cash at Paypal 646 - -
- - -
Total cash funds 19,820 - -
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B3 Investment assets - -
- -
- -
- -
- -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B4 Assets retained for the - -
- -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on Date of
behalf of all the trustees Signature Print Name approval
Klara Kan 23 June 2022
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Independent examiner’s report to the trustees of Faust Chamber Orchestra

I report to the trustees on my examination of the accounts of the Faust Chamber Orchestra (the ‘Orchestra’) for the year ended 31 August 2021.

Responsibilities and basis of report

As the charity trustees of the Orchestra you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Orchestra’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Orchestra as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Signed:

Name: Pamela A Johnson

Relevant professional qualification or membership of professional bodies (if any): ACA

Address: 74 Artillery Mansions 75 Victoria Street London SW1H 0HY

Date: 26[th] June 2022