2022-08-31-accounts

Trustees’ Annual Report for the period

From: 1[st] September 2021 To: 31[st] August 2022

Charity name: Wolverhampton Symphony Orchestra

Charity registration number: 1166140

Objectives and Activities

Objectives and Activities
	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object of the CIO shall be to promote, improve, develop and maintain public education in and appreciation of the art and science of music in all aspects by the presentation of public concerts and recitals and by such ways as the society through its committee shall determine from time to time.
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 orchestra rehearsed weekly during the school terms throughout the year. Concerts were held in September and November 2021, as well as March and June 2022.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic benefit	Para 1.18	Trustees are aware of the Charity Commission guidance on public benefit and have been reminded of this.
Additional information (optional) You may choose to include further statements		where relevant about:
		SORP reference
Policyongrant making		Para 1.38
Policy on social investment including program related investment		Para 1.38
Contribution made byvolunteers		Para 1.38
Other

Achievements and Performance

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	The main achievements of the charity were the four concerts. Audiences for these events benefited from being able to listen to live orchestral music of a high standard. The September 2021 concert gave the opportunity for us to work with a local choir and to boost mental healthpost-Covid.

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

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

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The total orchestra funds stood at £15,065. Activities during the year had depleted the orchestra’s funds by £3,146 and the trustees consider that the orchestra is a good position financially to fulfil its aims and objectives for the coming season, as Gift Aid has yet to be claimed on qualifying subscriptions.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The orchestra has a policy of holding operating reserves equivalent to 6 months concert plus fixed overhead costs (a minimum reserve of £5,000). This represents mitigation of the costs of putting on concerts even with no concert income. Some reserves, arising from donations to the orchestra, are also held to allow performance of less- performed works which would otherwise be too expensive to put on.
Amount of reserves held	Para 1.22	At the end of the period, donation reserves stood at £9,391 and operational reserves at £5,674. The balance of general funds is considered sufficient to cover reserves held in line with our policy, and the overall level held will be kept under review bythe trustees.
Reasons for holding zero reserves	Para 1.22	Not applicable
Details of fund materially in deficit	Para 1.24	Not applicable
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	Trustees have no uncertainty about the orchestra continuing as a going concern. The principal source of income is subscriptions, and membership numbers remain healthy.

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any Para 1.47 fundraising) Investment policy and objectives including any social Para 1.46 investment policy adopted A description of the principal risks facing the charity Para 1.46 Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document	Para 1.25	Constitution (dated 15thOctober 2019)
How is the charityconstituted?	Para 1.25	Charitable Incorporated Organisation

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Trustee selection methods including details of Para 1.25 Elected by members at AGM any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related parties Para 1.51 Other

Reference and Administrative details

Charityname	Wolverhampton SymphonyOrchestra
Other name the charityuses
Registered charitynumber	1166140
Charity’s principal address	17 Sycamore Drive Hixon STAFFORD ST18 0FB

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
1 2 3 4 5 6 7 8 9	Michael Darke	Chair
	Michael Clement	Secretary
	Jonathan Harper	PublicityOfficer
	Ruth Srodzinsky	Treasurer

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Not applicable

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Name and objects of the charity on whose behalf the assets Not applicable are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of Not applicable such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Not applicable

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees:

	that they have approved the trustees’ report above. the charity’s trustees:	that they have approved the trustees’ report above. the charity’s trustees:
Signature(s) Full name(s) Position Date
	Michael Darke
	Chair
	6 October 2022

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Wolverhampton Symphony Or¢hestra Registered ao with Charity Commission No 1166140 ACCOUNTS lor year ending August 2022 Brought fonward at beEinninE 18211 of the year Receipts Subscriptions 3980 Concert Receipts 2342 Gift Aid Donations 495 Concert/Gig Fee Play Day Income Timp Hire 100 Total Receipts 6917 Payments Rehearsal Room Hire 1720 Concert Venue Hire Extra Players 1260 Soloists Conductor: rehearsals 2376 Conductor: Concerts 595 Leader Making Music: Insurance and PR 235 Publicity and Printing 109 Music Hire 2043 Website 164 Miscellaneous 121 Total Payments 10063 Receipts less Payments -3146

Surnmary of Total Funds at Year end Nat West 16065 Cash in tin Total Funds at ear end 16065 reconcilit7tion Funds bf 18211 £500 undeared cheques + £500 Unpa￿ hre for rehearsal venue (Crann￿r) sU￿lUs -3146 Funds ef 15065 Variance * Of whlch £9058 are donatlon reserves, £6007 are operational reserves. Policies state that: Donation reserves should be depleted by no more than £80D per year, and operational reseryes should be kept at £5000. Bank rec 05.08.22: Bank balance as at 05108/22 16065 plus uncredited income less uncleared cheques/ unpaid hire of Cranmer 1000 revised bank balance as at 15065 Cash book to date Funds/cash brought forward at beg of year income 18211 6917 10063 exp Variance