## **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.| 1 ## **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| 2 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 3 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|| 4 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