REGISTERED CHAIUTY NUMBER: 11&1778
Report ofthe Trustees
Unalldited Financial Statements
for the Year E￿ded 31 M#rch 2024
Cor
Bournemouth Svmphonv OYchestr•
Benevolellt Fund
4 Cedar Pa
Cobham Road
Ferndown Industriai Estste
Wimborne
D0¥5Ct
BH21 7SF

BO￿¥￿eMo￿t￿ Svmphonv Orfhestra
BenevoleDt Fu￿d
Contents of the Financial St8teMents
for the Year Ell￿ed 31 March 2024
Page
Report of Ibe Trnstees
St*tement of Fin*nel*l Aetivlties
Shed
Notfs to the Fin8ncial Ststements
5 10 10

B0￿rne￿ollth Svjnphon!, Orcheslrn
Benevolent Fund
Report of the Trnstees
for the Year Endtd 31 March 2024
The trustee5 present their rerth wilh the r]nancia] statements of the cllarity for the year ended 31 March 2024. The trnstees
have adoptcd ihe provisions of Ac¢ow)iing and Rew)rting by Charities.. Sthiemeni of Recon)mended Practice applicable to
chclritieb preparing their accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK <ind Repiiblic of
Ireland {FRS 1021 (effective l January 20191.
0￿ECTIVEs AND ACTIVITIES
Obje£tives and aims
To make grdnts lo full and Wdrt time Inu5icians and staff who are players in the Bournemouth Symphony Orche5trd IBSO).
"nie grgnts arc to relieve hardship caLwd by ssckne&k accideni or infimiity. Funds are rnised from ihe nct pr(KYcds of an
annual Loncert attd genernl donaiiotts m*k during the year.
Public bcncfit
We corkfirm that we have Compli￿ with our duty to comply with the guidance on public ￿nefit published by the Englislj
Lharily commi￿l￿n whilst exerLising our ￿We[S and dulle& During Ihe year we coniinued io work for the go(xl of players
Ihrou¥h continuin8 to pay ￿ncrIt5 to players in nccd. Thc public I￿ller11 requirement of our activitÈLS is set out in objcciivcs
and ￿LInS aTKi achievements and perf0M￿nce ￿lOw.
ACIIIEVEMENT AND PERFORMANCE
Charitable #Ctiwities
Thi8 year wc liavc paid one retircment grant to a long scrytng playcr and met thrcc Tcquests for &8sistance arising from injury
or illness.
FINANCIAL REVIEW
Our expcnditure OD m¢mbcfs bcnefits in 2023-24 was lowu ID y¢8r ai £3.574.12023.. £4,322).
Reserves policy
As irusiees we hdve sei a reserves policy which gives us sulficieni reserye wuivalent to 4 to 6 months forward expenditure.
The reserves held at 315t March 2024 werc £187.895 (2023..173.333) in unrestticied reserv&8. The charity does not liave
restricted reserves but on 29 j￿ne 2022 dcsignated teserves of £42.(KX) io meet fututE reliremcnt grants. The purpx)se of
grants 18 to Com￿nsate player8 who were previowsly mcmb¢r8 of the Bournemouth Orche51ras RetireTncnt Beiiefii
Plan when. through matvdgefftent itleompetellce. it coUaps*J in 2(X)I leaving them wilh a substsntially lower annuity
cntitlemcnt.
We do not ieccÈve funding from Boumcmouth Symphony 0￿he$￿a or from any govemmcni departmcnt or th¢ National
Lottery Community Fund. W¢ continue to fijnd rdise by staging an annual concert and for threc years now these h<ive b¥cn
staged in Chrilichurch Priory. A wonderful seiiing lor making chamEw music and showcasing the skills of our membeT5.
Out membEf5 also Make a conttibution of £5 per uK)Dth to the Charity.
We are also ￿ateful to our many loyal supixmlers who make donaiions thr￿gkni the year or who have remembered in
their will. We have no eTnployees and coniknue to rety on volun*ers many of whom are members of the fuiid. Trustces are
not remunerated and give fr¢¢ly of their time throughout the year. The tnkn board a Eninimum of four iirnes a year.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The Bournemouih Syrnphony Orchcstra BLY*volent Fund is a ehatitsble incorwytated organisation.
Pa8c I

Bournemouth Svmphonv Orchestra
Benevolent Fund
Report of the Trustees
Cor the Year Ended 31 March 2024
STRucfuRE. GOVERL¥ANCE AND ￿AGEMEN[
Recrnitment And appointmtllt of trustees
All Iiiejnbers ar¢ circulated with invilations w nominate In￿ prior to the AGM adwsing them of the retirÈng trustees and
requesiing nominations for the AGM. When con5ider]ng co-opting tru5te4 the Board ￿gard to the requirement for any
SExYialisi skills needed. The iTUStets havc the pgw¢r to c¢H)pt up to two ￿rther non play¢r mcmbers to fjll specialist roles.
Cu]TeDtly two trustee5 serve in this capacity. Burns Tutti Second Violitl Join￿ during the year and will take over as
chair in autumn 2024.
The trustecs would lik¢ to rewrd their grdtcfvl thanks ty Jacoba Gal¢ who rctirul as Chair of the after serving eigiit
years a trustee and five 0$ chair. We are grateful foi her commanding leadet5hrp. notably during the Covid paDdemic. ber
compassion and devotion to Sthvtng the need5 of BSO playa5 P&%t and prtsent.
REFERENCE AND ADMINISTRATIVE DETAILS
R¢gibtered Cbarity ￿ll￿ber
1163778
Principal address
2 Scldown Lane
Poole
DoTset
BH15 IUY
Trnstees
Jacoba Rachcl Gale- retired 16 May 2024
Christine Dipple- Vice Chair
Richard Davld Frdnci& Bagley- Treasurtr
Bary Deacon- Minute Secretary
Rebccca Bums- appoinied l August 2W23
BRIEF HISTORY
Tlic charity was registered on 30th Septwnt*r 2015, 56 years after the Ixnevolent fiJTrJ w&$ fomied in 1959. In the fitsi two
yeajs (195941) annual income was rntsed by way of weekly 5ubsctiplion from musicians plus p￿￿eedS from an aniiLial
conccrt. inten￿1 and donations. Subscriptions were droptd tn 1962 the ¢oncerts hav¢ continued cvcr sÉnce. For inaiiy
years the annual concert was held ot the Winier Gardens in BournenN)uth and li was noi until the 19W'5 that concert& were
r¢gularfy held at the ord)estra's new in P￿k.
Approvcd by ord¢r of th¢ iM)8rd of trwtce5 On.... ..... . ......
- and signed on 115 behalf by-
Richard David Francis Bagley- Tru
Page 2

Bournemouth Sy￿phOny Orcbestr#
Benevolent Fund
Bal#nc¢ Sheet
31 N.larth 2024
2024
Unrestrkcted
2023
Total
funds
Notes
FIXED ASSKTS
InvestmeEJts
164.549
155.801
CURRENT ASSETS
C&sh ai bank
23.616
18,142
CREDITORS
Amoun15 falling due within onc ycar
(270)
{210)
NET CURRENT ASSETS
23.346
17,Y32
TOTAL ASSETS LESS CURRENT
LIABILITIF.S
187.895
173.733
NET ASSETS
187.895
173.733
FUNDS
Unrestricted fijnds
10
187.895
173,733
TOTAL FUNDS
187,895
173,733
The financial slaiemenis were approved by the Board of Tn]stCes aTMI &uthoriscd for issue on
and were signed on its behaifby:
Richard David FraThcis Bagley- Trus
The notes fomi part of these financial sU•ncnts
Pagc 4

Bournemouth Symphoni. Orchestra
Benevolent Fund
Statement of FinaDcixI Activltles
for the Year Ended 31 M*reh 2024
2024
Utwtricted
2023
Total
funds
INCOME AND ENtKIWMENTS FROM
Donations 8nd legacies
3.937
2.237
Other trading activili¢s
6,888
3,935
Total
10.825
6,172
EXPENDITURE ON
Raising fimds
4,067
4,174
Charitable a£tivitie5
t3eD¢fits paid to membcrs
Govcmancc costs
3J74
4,322
30
Tot81
7,641
8,526
Net gains on investments
10,978
15,388
NET INCOME
14,162
13.034
RECONCILIATION OF FUNDS
Toial ￿ndS brought fonvard
173.733
160.699
TOTAL FUNDS CARRIED FORWARD
187.895
173.73.1
The not&% fornl part of these financial statements
Page 3

Bournemouth SYtnphoTh!' Orches
Benevolent Fund
Noles to the ￿l￿anCIAl Statements
for the Year ETrded 31 March 2024
ACCOUNTING POLICIES
Basi$ of preparing the financial st*¢emeDts
Thc financ%al slatemcnts of thc charity, whi¢h is a publtc bcncfil entity under FRS 102. have been prepared in
aLcordance with the Charities SORP (FRS 102) 'Accountth8 and ReportiDg by Clwiiies.. Statement of
Rccommended Prdctiee applicable to charities preparing their accounts in accordance with the Fin3ncial Rewrtin
Si<indard applieable tn the UK and Republic of Ireland (FRS 102) (etTtclive l January 2019),. FinanLxal Rewrtin
Standard 102 The Financial Rwrtillg Stsndard applicable in the UK arml Republic of Ircland, and ilic Cliaritio8 Act
2011. The financÈal 5tatetnenls have bwi prepared under the histori￿ Lost conveniion. with ihe excepiion of
invcslni¢nts which ar¢ included at market valu¢ as m(wJificd by ihe reVaIL￿tIOn of CCTiain asscls.
Income
All income is reco￿lS¢d ID Ihe StstettKnl of FiDaDcial Activitie5 once the charity enliilenient lo th¢ funds. it is
probable that the itKome will ￿ received aThl the amount can ￿ measur•J reliably.
Eipenditure
Liabililac5 are rccogniscd as ext&nditurc as sth)n as there is a legal or constntctive obligation comtnitting the charity
lo thai cxpcnditure. li is probable thai a trarL4fer of economic benefits will bc required in settlcincnl dnd the amount
of thc obli&¥ttiion fdn be measurd reliably. Lx￿ndttUre is accounlcd for on an accmals basis and has becn classified
under headings that aggrewale all cosi rela*d io Ihc category. Wherc costs caTlllOt ￿ dircctly attributed iv particular
hcadings they have been all(Ka￿d to aciivities on a basis tonsistcnl with t1￿ usc of TCSQWCC5.
Grdllts offer¢d subject to condilions which have been at the year elld date Ère llotcd &% a commitmellt but tLQt
accrued as expenditure.
Taxation
The charily is cxcmpt from tax on its charitabl¢ activitEL￿.
Fund aceounting
Uwestricted funds can b¢ us¢d in x¢(Kdantt with the ch8Titsble objectives * the discrdion ofthe trusiees.
Restricted funds can only ￿ used lor particular restric￿ within th¢ objects of t]￿ charity. R¢strictions
Arise when bpecified by the (k)nor or when fvnds arc Taised for particularrestricted pur￿.
Furthtt explanation of Ihe nature purw of cacb fund is I￿Illded in the nofr5 to the financial statements.
Gift Aid
The charity is r¢gistered forgift aid claIn￿ on unsoliciied donation&
Debtors #nd prepayment5
Debtors aTrd prepayments are recognised ai the tsansaction ptice where an entity has a prcsent obligation resulting
from a pabl event thot will probably result Én the trorLsfer of ￿ndS from a third porty lo the Lh8ri1y a￿1 the ainount due
to settle Ihe obligation can be measllred orestima*d reliably.
Creditors provlsioD5
Creditors and provtsions arc r¢cognis￿ Whe￿ the chariiy ha5 a ptesenl obligation resulting from a past cvcnt ihat
will probably rcsuli in ihc irdnsfer of funds to a third paty and the amowii due lo se(ilc the obligalion can be
measured 01 LStirnated rcliably. Creditors and Provisiors are nornully recognised at thcir trnnsaction pricc aftcr
allowing for any tradc discow)L$ due.
Pa￿5
continued...

BovrDeJDouth SvmphoDV Orebestr*
Be￿ew￿l¢llt Fumd
Notes to the Financial Statements- ¢ontiThued
for the Year Ended 31 Marth 2024
ACCOUNTING POLICIFS- tODtiDued
Cash at Bank and in
Cash at bank and in hand includes cash a￿1 sl¥)rt terni highly liquid investm￿ts with a short maturity Ot three
month5 or less from the date of wuisilion or opening of the tysit Iv similar accounL
Investments
Investtnents are valucd at the markct Ydluc ai iMlan￿ sheth date.
DONATIONS AND LECACILS
?024
2023
Donations and Eequests
Gift aid
Bank interest receivLxI
,423
2514
2,213
24
3.937
2.237
OTHER TRADING ACTtVlTILS
2024
2023
4.￿3
2.885
3.935
Membership Fees
6,888
3.935
RAISING Fuf4DS
Raising donations Ifga¢ies
2024
2023
Supprt costs
6￿]
411
Other trading adivities
2024
2023
Concert expenditure
1.147
1,614
continucd...

BourDemouth Svtnphonv orth￿tra
Benevolent Fund
Notes to tht Fin#nei*l Stgtements- continued
for fhe YeAr Ended 31 M#rch 21124
RAISING FUNDS- continued
Inveslment costs
2024
2023
Portfolio management
2.230
2.149
Aggtc¥ate amounts
4,1kn7
4.174
CHARITABLE ACTIVITILS COSTS
Grdnl
funding of
Beneflls paid io m¢mFtrs
3.574
All grdnts wcrc patd to jDdividua]&
SUPPORT COSTS
Governance
Managemeni
Totals
Raising donations and legxies
210
480
TRUSTEES. RF.MUNF.RATION AND BENEF175
Thcrc were no tnLsiees' remuneration or other [￿nefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trusttt5' expenses
There were no tnLsle¢s' expense5 ￿ld for the Ye•rend￿ 31 March 2024 M)r for ihe year ended 31 March 2023.
Pag¢ 7
coniinucd...

Bournemouth Svmphon!. Orchfstra
Benevolent Fund
NDte5 to the Financial Statements- cDntiThued
lor the Year Ended 31 March 21124
FIXED ASSET INVEgrMENrs
Listed
investhnents
IARKET VALUE
At l April 2023
Additions
Disposals
Revaluatiolls
155,801
33.074
(36,094)
11,768
At 31 March 2024
164.549
NET BOOKVALUE
At 31 March 2024
164.549
At 31 March 2023
1 $5,1101
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
AccNed ¢xp¢D5CS
270
210
io.
MOVEMENT IN FUNDS
Jnovetnenl
in futKk
At
31.3.24
At 1.4.23
Unrestrieted funds
General fund
Pension Scheme
131.733
42.1
14.162
145,895
42.OnO
173,733
14,162
1117,895
TOTAL FUNDS
173.733
14.162
187.895
Net movement in fim(K included in th¢ alM)v¢ aTe &s follows:
Incoming
Resourca Gains and
ex
Moven)ent
in fund5
Unrestricted fulld$
Genc]31 fund
10.825
(7,641)
10.978
14,162
TOTAL FUNDS
10.825
17.641)
10,978
14.162
Page 8
continued...

Bournemouth Symphonv Orclkes¢r*
Benevolent Fund
Nole5 to the Financial StatemeDts- continued
lor the Year Ended 31 March 2024
MOVEMEIYT IN FUNDS- continued
Compardtives for movtmeTrt in funds
Net
movemeni
in fvnds
Ai
31.3.23
Ai 1.4.22
URrestricted funds
Gcticrol liind
Pension sche￿
118.699
42.(MM>
13,034
131,733
42.1K)O
Id).699
13.034
173.733
TOTAL FUNDS
160.699
lJ.034
173,733
Compardtive T]et Tnovement in fu￿L% ancluded in the almwe are as follows..
Iwm)ing
Resounes
ex￿nded
Gains and
Movcmcnt
in funds
Unrestrlcted funds
GenerLI fund
6.172
(8526}
15.388
13.034
TOTAL FUNDS
6,172
(8,526}
15,388
lJ.Q34
A current year 12 months al￿ prior year 12 nv)nth5 combined w)5iiion is &s lollows..
Nei
nuTrvemcnt
in funds
At
31.3.24
Al 1.4.22
Unrestri¢ted funds
General ￿nd
Pcnsion Scheme
118.699
42.IMX)
27.196
145,895
42.(MK)
IfA).699
27.196
187,R95
TOTAL FUNDS
IfAI.699
27,196
1117,895
Pagc 9
continued...

BtsurDenaoutb Svmphonv Orche5tr*
Benevolent Fund
Notes to the Fin*ncial St8t¢ment5- COllt1n￿ed
f(tyr tbe Year EDded 31 M#reh 2024
MOVEMEKr IN FUNDS- contiDued
A Cutreni year 12 montlts and prior year 12 months combined T￿1 movement in fund& i￿lUded in the above are as
follows..
incolning R¢70UfC
exFKnded
Gains and
10&8ts
Movement
in funds
Unrestrieted funds
GciicTal ftind
16,997
(16.1671
26.366
27.196
TOTAL FUNDS
16.997
(16.167)
26.366
27,196
Purpose of dtsignated ￿nd
Trusiees have dcsignatcd £42.(YJO io pay for membeTS who lo￿ PArf of their pension following the Closu￿ of tile
previou5 pension &¢heme. These fun(Ls are plannLYI io bc paid u￿>￿ retircmeni of thcsc membcrs.
ii.
RELATED PARTY DISCLOSURLS
There were no related party trawtions for the yew end¢d 31 Ma￿h 2024 {2023: thill.
Page 10