2024-08-31-accounts - Wolverhampton Symphony Orchestra

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Trustees’ Annual Report for the period

From : 1[st] September 2023 To 31[st] August 2024

	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 2023, as well as March and June 2024. This season saw the start of the three- year project with the city’s Music Education Hub whereby we give a two-concert session in The Halls (formerly the Civic Hall) to demonstrate orchestral sounds and music to Year 7 pupils from across the city. Members of the orchestra are also assisting on a voluntary basis in the musical development of members of the Youth Orchestra at their rehearsals
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.

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 and the start of the three-year project with the city’s Music Education Hub. 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

Review of the charity’s financial position at the end of the period	Para 1.21	As of 31stAugust 2024, the total orchestra funds stood at £21675, an increase of £3734. 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 £11,087 and operational reserves at £10,588. 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.

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

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

Description of the assets N/A held in this capacity

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 4th October 2024

	£
Brought forward at beginning
of theyear	17941

Receipts
Subscriptions	5062
Concert Receipts	4347
Gift Aid	708
Donations	1629
Concert/Gig Fee	3500
Play Day Income	278
TimpHire	200
Total Receipts	15723
Payments
Rehearsal Room Hire	1650
Concert Venue Hire & other concert expenses	1752
Extra Players	1500
Soloists (including gifts)	427
Conductor: rehearsals	2244
Conductor: Concerts and playday	825
Leader	525
Making Music: Insurance and PRS	427
Publicity and Printing	20
Music Hire (includes playday)	2384
Website	79

Miscellaneous	156
Total Payments	11989
Receipts less Payments	3734