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