## **Trustees’ Annual Report for the period**
**From : 1[st] September 2022 To 31[st] August 2023**
**Charity name: Wolverhampton Symphony Orchestra**
## **Charity registration number: 1166140**
## **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 school
terms throughout the year. Concerts were held
in November 2022, as well as March and June
2023.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Trustees are aware of the Charity Commission
guidance on public benefit and have been
reminded of this.|
## **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
three concerts. Audiences for these events
benefited from being able to listen to live
orchestral music of a high standard.
Young musicians of school age are given the
opportunity to experience orchestral playing
and repertoire beyond Youth Orchestra
Standard|
## **Financial Review**
|Review of the charity’s
financial position at the end
of the period|Para 1.21|As at 31stAugust 2023, the total orchestra
funds stood at £17,941, an increase of £2876.
The orchestra remains in a good position
financially to fulfil its aims and objectives for
the coming season|
|---|---|---|
|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 £10,258 and operational reserves at
£7,712. 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 by the trustees.|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|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|Trustees have no uncertainty about the
orchestra continuing as a going concern.
The principal source of income is
subscriptions, and membership numbers
remain healthy.|
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|
Para 1.25|Constitution as amended 3rdNovember
2022|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO - Association Registered 21 Mar 2016
as amended on 31 Oct 2021 as amended
on 03 Nov 2022|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Elected by members at AGM|
## **Reference and Administrative details**
|Charity name|Wolverhampton Symphony Orchestra|
|---|---|
|Other name the charity uses||
|Registered charity number|1166140|
|Charity’s principal address|194 COMPTON ROAD
WOLVERHAMPTON
WV3 9JX|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||David Cope|Chair|||
||Michael Clement|Secretary|||
||Lynn Curtis|Concert Manager|||
||Sean Massey|Librarian|||
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** David John Cope **Position (eg Secretary,** Chair **Chair, etc) Date** 5th October 2023
**Registered CIO with Charity Commission No 1166140 FINAL ACCOUNTS for year ending Thursday, August 31, 2023**
## **Wolverhampton Symphony Orchestra**
## **£**
## **Brought forward at beginning**
|**Brought forward at beginning**||
|---|---|
|**of theyear**|**15065**|
|||
|**Receipts**||
|Subscriptions|4,689|
|Concert Receipts|4,430|
|Gift Aid|1,660|
|Donations & Grants|1,580|
|Concert/Gig Fee|0|
|Play Day Income|205|
|Timp /Baffles Hire|130|
|**Total Receipts**|**12,693**|
|**Payments**||
|Rehearsal Room Hire|1,700|
|Concert Venue Hire|1,150|
|Extra Players|910|
|Soloists|800|
|Conductor: rehearsals|2,244|
|Conductor: Concert and playday|660|
|Leader|440|
|Making Music: Insurance and PRS|284|
|Publicity and Printing|0|
|Music Hire|1,533|
|Website|66|
|Miscellaneous|0|
|Total Payments|9,787|
|**Receipts less Payments**|**2,906**|
## **Summary of Total Funds at Year end**
|Nat West|18001|
|---|---|
|Unpresented cheques|-60|
|**Total Funds atyear end**|**17941**|
|_reconciliation_||
|_Funds bf_|15065|
|_Surplus_|2906|
|**_Funds cf_**|**_17971_**|
|**_Variance_**|**_-30_**|
## **Bank rec 31st August 2023:**
|Bank balance as at 31st August 2023|18,001|
|---|---|
|plus uncredited income|0|
|less uncleared cheques|60|
|**revised bank balance as at**|**17,941**|
|Cash book to date||
|Funds/Cash brought forward at beg of year|15,065|
|income|12,693|
|exp|9,817|
|**Cash book balance ie actual balance**|**17,941**|
|||
|**Variance**|**0**|