2024-06-30-accounts

Trustees’ Annual Report for the period

From 01 July 2023 Period start date To 30 June 2024 Period end date

Charity name: Worthing Symphony Orchestra (WSO)

Charity registration number: 1164531

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Objectives of the WSO are to promote, maintain, improve and advance education, particularly musical education, and to encourage the arts, including the arts of music, drama, mime, dancing and singing.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The principal activity of the WSO for public benefit is the continuation of the annual programme of orchestral concerts at the Assembly Hall in Worthing. There would usually be eight concerts per season (September to April/May). On one date, a free hour-long concert for schools is also given.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees of the WSO take due regard of the guidance in public benefit issues issued by the Charity Commission and believe this is reflected in the activities of the WSO.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	n/a
Policy on social investment including program related investment	Para 1.38	The WSO does not currently hold any investments.
Contribution made by volunteers	Para 1.38	The support for the WSO, i.e. the general management, administration, fundraising and so on, is all undertaken by the trustees and other volunteers. Without the efforts of these individuals, the WSO would cease to operate.
Other		The WSO's musicians are fully professional and self-employed, and are paid on a concert-by-concert basis. The marketing and graphic design activities are also paid on a similar basis. The

WSO has no premises. As a result, the orchestra has no paid employees.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Thanks to support received, in particular from the Worthing Symphony Society (WSS), the WSO has been able to provide a full season of concerts during this reporting period.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	n/a
Performance of fundraising activities against objectives set	Para 1.41	n/a
Investment performance against objectives	Para 1.41	n/a
Other		n/a

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Funding remains a challenge. Receipts from concerts remain lower than before Covid despite efforts to increase audience numbers.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The WSO did not have sufficient funds to warrant a reserves policy in the period being reported upon.
Amount of reserves held	Para 1.22	n/a
Reasons for holding zero reserves	Para 1.22	Due to the pattern of funding concerts, as the major activity of the WSO, it was not considered necessary to specifically allocate any of the funding held to a specific'reserves' category.
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The WSO has no uncertainty at the present time about continuing as a going concern on its current basis.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The principal source of funds for the WSO is the ticket sales for each public concert. Additional funding comes from grants, donations, sponsorship and from the Worthing Symphony Society (WSS).

Investment policy and objectives including any social investment policy adopted	Para 1.46	n/a
A description of the principal risks facing the charity	Para 1.46	The principal risk facing the WSO is the difficulty in increasing audience numbers to ensure that the concerts remain financially viable, taking into account other sources of funding and the setting of ticket prices to be as affordable as possible.
Other		n/a

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document	Para 1.25	Constitution
How is the charity constituted?	Para 1.25	Charitable Incorporated Organisation
Trustee selection methods including details of any constitutional provisions	Para 1.25	Appointed by existing Trustees

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	n/a
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	n/a
Relationship with any related parties	Para 1.51	This CIO, the Worthing Symphony Orchestra, is supported by another charity, the Worthing Symphony Society (WSS).
Other

Reference and Administrative details

Charity name	Worthing Symphony Orchestra
Other name the charity uses	None
Registered charity number	1164531
Charity’s principal address	4 Highdown Avenue Worthing BN13 1PU

Names of the charity trustees who manage the charity

1 2	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	John Gibbons	Musical Director
	Sean McDonald

3 4 5 6 7	Nicolette Babbage-Clark
	Dominic Smith
	Peter Robinson
	David Smith	Treasurer
	Richard Steggall		From 12/06/2024

– Corporate trustees names of the directors at the date the report was approved Director name n/a

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for wholeyear
n/a

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	n/a
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	n/a
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	n/a

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser n/a Name of chief executive or names of senior staff members (Optional information) n/a

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

The WSO trustees are grateful to all those volunteers who make it possible for the Orchestra to continue its concert programme. Without that help, the WSO would not be able to continue.

Declarations The tn￿tea$ declare that they have approved the tr￿100*, report above. 3igned b•half of th• Gharlty'l tru•t•o• Slgn•turnq•) Full namel•) Po•itl¢)n leg 8Kr•tary, Chalr, otc1 Dav￿ Smrth s th(ry)￿￿L0 Z(Lu{i&C Treasurer

CHARITY COMMISSION FORTNGTANDANDWATES	CHARITY COMMISSION FORTNGTANDANDWATES		Orchestra
Section A Receipts and		pavments
		Unrestricted funds	Restricted funds	Endowment funds		Totalfunds		LastYear
	to thenearest€		to thenear$tf	to the nearest€		to thenearest€to the nearestt
A
Ticket Sales		83,209					83,209	53,527
Worthing Symphony Society		65,000					65,000	40,000
Oonations & Sponsorships		7.474					7,470	27,963
Programme Sales		3,323					3,323	2,U3
Advertising		100					100	60
GiftAid		4,653					4,653
Tax Credit		31,383					31,383
lnterest		198					198
Miscellaneous lncome								87
	AR)	195,336					195,336	124,080
			::=:=
rotatreceipoE::El			I-1	I-1		I	rss,sgsll--86661
Orchestra		101,823					101,823	101,468
Conductor & Soloists		17,260					17,260	3,750
Marketing&Advertising		7,000					7,000	4,127
Proqramme Desiqn & Print		r,586					,,586	3,099
lnsurance & Subscriptions		2,337					2,337	884
MusicHire		1,504					1,504	2,935
Hall &Ticketinq Charoes		22,685					22,685
PRS		2,143					2,143
Professional Fees		3,000					3,000
Miscellaneous Expenses		587					5E7	964
	Subtotal	159,925					159,925	117,227
			:::=
rotatpaymenoE:::@l			f-l	f-]		f--	lsqrrslm
Netofreceipts/(paymentsrl-3s--41iil A5TransfersbetweenfundsI -l			I-] I	I-1 -lI	I	l-iTil	ry I
Cashfundsthisyearendl5e,5071			I	-lI	{	I	5s,507ll	24,0sol

SectionBStatement	ofassets andliabilitiesatthe endof theperiod	ofassets andliabilitiesatthe endof theperiod	ofassets andliabilitiesatthe endof theperiod	ofassets andliabilitiesatthe endof theperiod
			Unrestricted	Restricted	Endowment
il$te!			funds to nearestf	funds tonearest e	funds tonearest €
BtCashfunds	Barclays Current Account
	Barclays Savings Account
			Totalcashfunds
		(agreebalanceswihrEceidsandFynentg acmr[(9)		u
			Unrestricted	Restricted	Endowment
			funds	funds	funds
	De	ails	tonearestE	tonearcstE	toneareste
82 Other monetary assets
	Details		Fund towhich	Cost (optional)
83lnvestment assets
	Details		Fund towhich	Cost (optional)	Gurrent value
84Assetsretainedfor the
charity's ownuse
			Fund towhich	Amount due	When due
	Details
B5Liabilities
Signedbyoneor twotrusteeson behalfof all thetrustees			hfivIUsr"UTt"l 'frerz,{hflta'<st* Print Name Signature