2020-08-31-accounts

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Summary ofthe main achievements ofthe charity during the year				As for many charities, our financial year Sept 2019-Aug 2020 has been very challenging.
				We successfully held our inaugural Charity Dinner Dance and Auction	in
				November 2019;and held 2concerts at Salvi Harp's Offices in London	in
				January 2020 and atthe Menuhin Hall, Cobham in March 2020, just prior
				to COVID-19 lockdown.
				Since then we have inevitably been very restricted in what we have been
				able to do. One ofour year's expected highlights, playing at the World
				Harp Congress in Cardiff in August was understandably cancelled.
				We have sought to maintain contact with our players, and our rehearsal
				programme, primarily via remote Zoom rehearsals, which whilst
				logistically challenging, have proved broadly successful, with our players
				much appreciating the opportunity to rehearse together, ifremotely.
Briefstatement			ofthe	The NYHO Charitable Trust's policy on reserves is to maintain a sufficient level of operational reserves. As a relatively new Charity, we
charity's	policy		on reserves	are looking to build our reserve position, to enable us to meet our
				financial liabilities in terms of staff costs, contractual commitments such
				as venue hire, and overheads fora period of 12months in the unlikely
				event ofa temporary drop orcessation ofincome. ln so doing, this will
				enable us to continue our activities to bring harp music to the attention	of
				the wider public, in particular concerts and tours, and our outreach
				programme, and to enable us to operate effectively in this activity.
				COVID-19 restrictions have inevitably significantly impacted our activities,
				but our reserve position has fortunately enabled us to maintain our
				activities, where these have been possible, and we look forward to re-
				commencin our concert and our outreach rogramme when we are