Faust Chamber Orchestra
T����ee�� A���a� Re����
From 1 September 2022 to 31 August 2023
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 2023.
CHAIR�S REPORT
Following the challenges of the pandemic, this season contained just two chamber music performances: a vocal recital �Faust in Song� featuring singers Anna Cavaliero and Margo Arsane, and a cello and piano duo recital given b� Jonathan Rees and Mark Austin.
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:
-
Orchestral concerts, usuall� under the baton of Artistic Director, Mark Austin
-
Chamber Series recitals, showcasing a few members of the Orchestra and external guest artists in a more intimate setting
-
Educational projects, organised on an ad h�c basis with schools or other partner organisations, to share professional performances of classical music with children and adults and educate them about the beaut� and power of music
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 box office administration, concert management, and catering for Orchestra pla�ers and guest artists. Faust Chamber Orchestra is extremel� 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.
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Registered charit� England and Wales no. 1163070
PERFORMANCES
Maj�� c��ce���
There were no orchestral performances this season.
Cha�be� Se�ie�
F�ida� 20 Ja��a�� 2023 Cello and Piano Miniatures
J��a�ha� Ree� ce��� Ma�� A���i� �ia��
Sa���da� 1 A��i� 2023 Fa��� i� S��g A��a Ca�a�ie�� ����a�� Ma�g� A��a�e �e��� Ma�� A���i� �ia��
Rec��di�g
There were no recordings this season.
FINANCIAL REVIEW AND PRICING POLICY
The results for the �ear ended 31 August 2023 and the financial position as at 31 August 2023 are set out in the Annual Accounts prepared on the basis of receipts and pa�ments.
The financial �ear 2022-23 ended with an overall surplus of �1588, resulting from total receipts of �3588 and total pa�ments of �2000. Cash funds at the �ear end amounted to �23549.
The trustees reviewed and updated the financial control policies.
P�ici�g P��ic�
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Registered charit� England and Wales no. 1163070
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��ic�
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��i�g 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�ga�i�a�i��
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 expenses were paid in the �ear.
Da� to da� management of the Charit��s affairs is delegated to the Artistic Director.
A���i���e�� �f T����ee�
The existing 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.
In selecting individuals for appointment as charit� trustees, the existing trustees have regard to the skills, knowledge and experience needed for the effective administration of the Charit�.
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Chamber Or¢h•str• Thl Wales 1163070 There must be at least three and not more than twelve trttee$. REFERENCE AND ADMINISTRATION DEfAILS Charity name: Faust Chamber Orchestra PrevTously krKiwn as: Faust Ensemble Iname thange declded on 30 November 2015 and recorded by the Chartty Commission on 22 December 20151 For the purpose5 of simplicity. the orgatbisation is referred to as 'Faust Chamber Orchestra. or 'the Orchestra. througts)ut this report Charity Number: 1163070 {registered on 10 August 2015) Address: 21 Lay5ton Park. Royston, Hertfordshire SG8 9DS Website: tees The trustee5 serving during the year are *t out below- Countess ELizath Howe Ms Klara Kan Mr Gordon Austin Iretired 061031231 Ms Helen Eccle5tone lapFX>inted 07101123} htsrk Austin lapwjinted 071011231 Chairn)an Treasurer Mana ment Team The members of the llanagement team semng during the year were: hlr Mark Austin Artistic th"rector This report ha5 been approved by all of the charitys trustees. and signed on their behalf by: Countess Elizabeth Howe Date
Faust Chamber Orchestra
1163070
CC16a
Receipts and payments accounts
| For the period from |
01/09/2022 | T | 31/08/2023 |
|---|---|---|---|
| o |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ |
Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|---|---|---|---|---|---|---|---|---|---|
VoluntaryIncome |
- | - | - | - | - | ||||
| Donations | 1,100 | - | - | 1,100 | 1,250 | ||||
| Grants | - | - | - | - | - | ||||
| Gift Aid | - | - | - | - | 4,269 | ||||
| Income from Charitable Activities | - | - | - | - | - | ||||
| Ticket Sales | 2,488 | - | - | 2,488 | 1,559 | ||||
| Performance Fees | - | - | - | - | 21,878 | ||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) | 3,588 | - | - | 3,588 | 28,957 | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - | |||||||||
| - | - | ||||||||
| Sub total | - | - | |||||||
| Total receipts A3 Payments |
|||||||||
| 28,957 | |||||||||
Costs of Charitable Activities |
- | - | - | - | - | ||||
| Musicians’ Fees | 2,000 | - | - | 2,000 | 26,576 | ||||
| Venue and Other Costs | - | - | - | - | - | ||||
| Support Costs | - | - | - | - | 240 | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| **Sub total ** | 2,000 | - | - | 2,000 | 26,816 | ||||
| A4 Asset and investment purchases, (see table) |
|||||||||
| - | |||||||||
| - | |||||||||
| **Sub total ** | - | - | |||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| 26,816 | |||||||||
| 1,588 | 2,141 | ||||||||
| - | - | ||||||||
| 21,961 | 19,820 | ||||||||
| 23,549 | 21,961 |
Section B Statement of assets and liabilities at the end of the period
| CCXX R1 accounts (SS) Categories B1 Cash funds |
1 Cash at bank Cash at Paypal Details Total cash funds (agree balances with receipts and payments account(s)) |
Unrestricted funds to nearest £ 23,549 - - 23,549 OK |
29/06/2024 Restricted funds Endowment funds to nearest £ to nearest £ - - - - - - - - OK OK |
Endowment funds to nearest £ |
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| - |
| Signed by one or two trustees on behalf of all the trustees B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Details Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Klara Kan |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval | |||
| Klara Kan | 29 June 2024 | ||
CCXX R2 accounts (SS)
29/06/2024
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