Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Charity Registration Number is :- 1174778
The Henry Wood Chamber Orchestra
Trustees' Report and Financial Statements
30 June 2024
Domino Accounts (Hyde Park) Ltd
42 Connaught Street Hyde Park London W2 2AA
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Report and accounts for the year ended 30 June 2024
Contents
| Page | ||
|---|---|---|
| Trustees' Annual Report | 1 | |
| Statement of Trustees' responsibilities | 4 | |
| Independent Accountant's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Balance sheet | 10 | |
| Notes to the accounts | 11 |
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Trustees' Annual Report for the year ended 30 June 2024
The Trustees present their Report and Accounts for the year ended 30 June 2024.
Reference and administrative details
The charity name
The legal name of the charity is:- The Henry Wood Chamber Orchestra.
The charity is also known by its operating name, HWCO.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1174778.
.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .
The governing document is dated 07 March 2017
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
1
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Trustees' Annual Report for the year ended 30 June 2024
The principal operating address of the charity is:-
C/o Timothy Evans Maitland Chambers, 7 Stone Buildings Lincoln's Inn, London WC2A 3SZ
The Trustees in office on the date the report was approved were:-
Timothy Evans Christopher Gayford Christopher Landor
The following persons served as Trustees during the year ended 30 June 2024 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
The Chief Executive Officer to whom day to day management is delegated
John Landor
Accountants
Domino Accounts (Hyde Park) Ltd 42 Connaught Street London W2 2AA
Bankers
Santander UK Plc, 2 Triton Square, Regent's Place, London NW1 3AN
2
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Trustees' Annual Report for the year ended 30 June 2024
Objects and activities of the charity
The purposes of the charity as set out in its governing document
The principal object of the Charity is the study and practice of fine orchestral and chamber music in order to foster public knowledge and appreciation of such music by means of public performance.
A review of development, activities and achievements in this accounting period
The CIO was involved in three concerts this year. The first was an ensemble concert on 20 July 2023 with the London Musical Arts Ensemble, with a programme centred around all three of J. S. Bach’s violin concertos. Soloists were Joshua Fisher and George Hlawiczka, long-term members of the ensemble. The second concert, also at St Martin-in-the-Fields, was a piano recital on 1 August 2023 featuring the talented young artist, Tyler Hay, who played a programme including Mendelssohn, Mussorgsky, and Gershwin’s Rhapsody in Blue. Finally, the Charity contributed to a concert given by I Maestri Orchestra on 9 June 2024 at Holy Trinity Church, South Kensington, with John Landor conducting Dvorak’s Symphony No 7.
Music Director John Landor worked further on organising and creating the Henry Wood Chamber Orchestra archive, both digital and paper-based. He attended a course on producing theatre in the round on behalf of the Charity, to learn more about the possibilities for producing innovative concert formats, a development of the work he has produced with the Charity over several years involving theatrical stagings of classical works called “Music-in-Motion’. He also has consulted with various professionals and contacts on the future direction of the Charity’s activities. One of these directions is in an area that the Charity has been involved in the past, the education of developing orchestra conductors. It is envisioned that he will direct at least some of the Charity’s resources to expand this work.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The policies and procedures for the induction and training of trustees
Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.
Financial review
The charity's financial position at the end of the year ended 30 June 2024
The financial position of the charity at 30 June 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income |
2024 £ (6,517) 144,558 144,558 |
2023 £ 4,250 151,075 151,075 |
|---|---|---|
3
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Trustees' Annual Report for the year ended 30 June 2024
Policies on reserves
The Charity’s reserves policy to date has been, so far as possible, to maintain a reserve sufficient in the view of the trustees to pay the costs of 5 concerts. For many years, this has been assessed at £30,000, but should now be raised to £60,000. The trustees call that the ‘basic revenue account reserve’. The Charity now has cash assets of about £145,000, ie that exceed the basic revenue account reserve by about £85,000. The Charity has no capital assets. The trustees will consider at their next meeting proposals (i) to capitalise some or all of that excess and/or (ii) to increase loss per concert exposure by adopting a policy of engaging promising solo artists, at the beginning of their careers but who need to be properly paid, to perform at our concerts.
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP)
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the responsibility of the Reporting Accountant in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 10 March 2025.
TIMOTHY EVANS
Trustee
4
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Report of the Independent Accountant to the Trustees of the charity on the accounts for the year ended 30 June 2024
We report on the financial statements of The Henry Wood Chamber Orchestra for the year ended 30 June 2024, as set out on pages 6 to 16, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 11, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
Respective responsibilities of the Trustees and the Accountant
As described on page 4, you, the charity's Trustees are responsible for the preparation of the accounts.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
No statement of opinion
We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
Signed:- Yulia Hadio - Independent Accountant C44C0B75F98C417...
Yulia Hladio MAAT Domino Accounts (Hyde Park) Ltd 42 Connaught Street Hyde Park London W2 2AA
This report was signed on 11 March 2025
5
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra - Statement of Financial Activities for the year ended 30 June 2024
Statement of Financial Activities for the year ended 30 June 2024
| Current year Current year Current year Unrestricted Funds Restricted Funds Total Funds 2024 2024 2024 £ £ £ Income & Endowments from: Donations & Legacies A1 - - - Charitable activities A2 3,180 - 3,180 Investments A4 4,715 - 4,715 Other A5 1,161 - 1,161 Total income A 9,056 - 9,056 Expenditure on: Charitable activities B2 15,573 - 15,573 Total expenditure B 15,573 - 15,573 Net income for the year (6,517) - (6,517) Net income after transfers A-B-C (6,517) - (6,517) (6,517) - (6,517) Reconciliation of funds:- E Total funds brought forward 151,075 - 151,075 Total funds carried forward 144,558 - 144,558 Net movement in funds SORP Ref |
Prior Year Total Funds 2023 £ - 516 2,327 6,697 9,540 5,290 5,290 4,250 4,250 4,250 146,824 151,074 |
|---|---|
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 11 to 16 form an integral part of these accounts.
6
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra - Statement of Financial Activities for the year ended 30 June 2024
The Henry Wood Chamber Orchestra - Resources applied in the year ended 30 June 2024 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities |
2024 £ (6,517) (6,517) |
2023 £ 4,250 4,250 |
|---|---|---|
The notes attached on pages 11 to 16 form an integral part of these accounts.
7
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra - Statement of Financial Activities for the year ended 30 June 2024
Movements in revenue and capital funds for the year ended 30 June 2024
Revenue accumulated funds
| Unrestricted Restricted Funds Funds 2024 2024 £ £ Accumulated funds brought forward 151,075 - (6,517) - 144,558 - Closing revenue funds 144,558 - Summary of funds Unrestricted Restricted and Funds Designated funds 2024 2024 £ £ Revenue accumulated funds 144,558 - Recognised gains and losses before transfers |
Total Funds 2024 £ 151,075 (6,517) 144,558 144,558 Total Funds 2024 £ 144,558 |
Last year Total Funds 2023 £ 146,824 4,250 151,074 151,074 Last Year Total Funds 2023 £ 151,074 |
|---|---|---|
The notes attached on pages 11 to 16 form an integral part of these accounts.
8
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra - Statement of Financial Activities for the year ended 30 June 2024
The Henry Wood Chamber Orchestra
Income and Expenditure Account for the year ended 30 June 2024 as required by the Companies Act 2006
| 2024 £ Income Income from operations 3,179 Interest receivable 4,716 Other operating income 1,161 Gross income in the year before exceptional items 9,056 Gross income in the year including exceptional items 9,056 Expenditure Charitable expenditure 14,423 Governance costs 1,150 Realised losses on disposals of social investments which are program - Total expenditure in the year 15,573 (6,517) Tax on surplus on ordinary activities - (6,517) Retained surplus for the financial year (6,517) Net income after tax in the financial year Net income before tax in the financial year Investment income |
2023 £ 516 2,327 6,697 9,540 9,540 3,981 1,309 - 5,290 4,250 - 4,250 4,250 |
|---|---|
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 11 to 16 form an integral part of these accounts.
9
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra - Balance Sheet as at 30 June 2024
| SORP | ||||||
|---|---|---|---|---|---|---|
| Note | Ref | 2024 | 2023 | |||
| £ | £ | |||||
| Fixed assets | A | |||||
| Investments held as fixed assets | 6 | A4 | 1 | 1 | ||
| Total fixed assets | 1 | 1 | ||||
| Current assets | B | |||||
| Debtors | 8 | B2 | 450 | 650 | ||
| Cash at bank and in hand | B4 | 145,057 | 152,389 | |||
| Total current assets | 145,507 | 153,039 | ||||
| Creditors: amounts falling due | ||||||
| within one year | 9 | C1 | (950) | (1,965) | ||
| Net current assets | 144,557 | 151,074 | ||||
| The total net assets of the charity | 144,558 | 151,075 | ||||
| The total net assets of the charity are funded by the funds of the charity, as follows:- | The total net assets of the charity are funded by the funds of the charity, as follows:- | The total net assets of the charity are funded by the funds of the charity, as follows:- | The total net assets of the charity are funded by the funds of the charity, as follows:- | |||
| Restricted funds | ||||||
| Unrestricted Funds | - | - | ||||
| Unrestricted Revenue Funds | 14 | D3 | 144,558 | 151,075 | ||
| Designated Funds | 144,558 | 151,075 | ||||
| Total charity funds | 144,558 | 151,075 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
TIMOTHY EVANS
Trustee
Approved by the board of trustees on 10 March 2025
10
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Notes to the Accounts for the year ended 30 June 2024
1 Accounting policies
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Going Concern
The charitable activities are entirely dependent on trading revenues as well as continuing voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Risks and future assumptions
The charity is a public benefit entity. In determining the carrying amounts of certain assets and liabillities, the charity makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation of future events and are reviewed annually.
Policies relating to categories of income and income recognition
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
11
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Notes to the Accounts for the year ended 30 June 2024
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle by obligation can be measured or estimated reliably. Creditors and provisions ar enormally recongnised at their settlement amount after allowing for any trade discounts due.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no endowment funds.
12
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Notes to the Accounts for the year ended 30 June 2024
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Significance of financial instruments to the charity's position
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
5 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
6 Investments held as fixed assets
| Investments in subsidiaries £ Carrying values of investments At 1 July 2023 1 Additions At 30 June 2024 1 Analysis between fair value and historical cost Investments as above held at fair value 1 |
Listed investments £ - - - - |
Other Classes of Investment £ - - - - |
Total £ 1 - 1 1 |
|---|---|---|---|
7 Subsidiary companies
The name of the subsidiary undertaking is Henry Wood Chamber Orchestra Limited, registered in England & Wales with company number 10656453.
The aggregate amount of the holding company's investment in its subsidiary is £1 , which represents 100% of the issued ordinary share capital of the subsidiary. The subsidiary is controlled by the holding company by virtue of the power to appoint directors to the board of the subsidiary.
13
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Notes to the Accounts for the year ended 30 June 2024
The subsidiary's activities relate to those of the holding company in that the subsidiary is a trading enterprise engaging in trades similar to the charitable activities of the holding company, and donates its entire taxable trading profit to the holding company by way of gift aid.
A summary of the unaudited financial statements of the subsidiary is :-
| Assets and Funds Aggregate amount of assets Aggregate amounts of liabilities Aggregate amount of funds Profit and Loss Turnover Expenses Net profit for the year before tax Net profit for the year after tax and Gift Aid Funds retained within charitable subsidiaries The funds retained within the trading subsidiary and included within the restricted funds in the notes to these accounts are:- |
2024 £ 451 (450) 1 450 (450) - - 2024 £ - |
2023 £ 901 (900) 1 127,116 (127,116) - - 2023 £ - |
|---|---|---|
Amounts owing to and from the subsidiary are shown in the notes relating to creditors and debtors.
8 Debtors
| Trade debtors Prepayments and accrued income 9 Creditors: amounts falling due within one year Accruals Amounts owed to group undertakings and undertakings in which the charity has a participating interest Amounts owed by group undertakings and undertakings in which the charity has a participating interest |
2024 £ - 450 - 450 2024 £ 500 450 950 |
2023 £ - 650 - 650 2023 £ 1,315 650 1,965 |
|---|---|---|
14
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Notes to the Accounts for the year ended 30 June 2024
| 11 Income and Expenditure account summary At 1 July 2023 Surplus after tax for the year At 30 June 2024 |
2024 £ 151,074 (6,517) 144,557 |
2023 £ 146,824 4,250 151,074 |
|---|---|---|
12 Related party transactions
During the financial year there were no related party transactions that required disclosure.
13 Particulars of how particular funds are represented by assets and liabilities
| At 30 June 2024 Unrestricted Designated funds funds £ £ Investments at valuation:- Fixed asset investments 1 - Current Assets 145,507 Current Liabilities (950) - 144,558 - At 1 July 2023 Unrestricted Designated funds funds £ £ Current Assets 153,039 - Current Liabilities (1,965) - 151,075 - Change in total funds over the year as shown in Note 13 , analysed by Funds brought forward from 2023 Movement in funds in 2024 See Note 15 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 151,075 (6,517) Total unrestricted and designated funds 151,075 (6,517) Total charity funds 151,075 (6,517) |
Restricted Total funds Funds £ £ - 1 - 145,507 - (950) - 144,558 Restricted Total funds Funds £ £ - 153,039 - (1,965) - 151,075 individual funds Transfers between funds in 2024 Funds carried forward to 2025 See Note 0 £ £ - 144,558 - 144,558 - 144,558 |
|---|---|
14 Change in total funds over the year as shown in Note 13 , analysed by individual funds
15
Docusign Envelope ID: 45EE1352-5B5F-4799-8541-FB412796BD9E
The Henry Wood Chamber Orchestra
Notes to the Accounts for the year ended 30 June 2024
15 Analysis of movements in funds over the year as shown in Note 14
| Unrestricted and designated funds:- Unrestricted Revenue Funds |
Income 2024 £ 9,056 9,056 |
Expenditure 2024 £ (15,573) (15,573) |
Other Gains & Losses 2024 £ - - |
Movement in funds 2024 £ (6,517) (6,517) |
|---|---|---|---|---|
16 The purposes for which the funds as detailed in note 14 are held by the charity are:-
Unrestricted and designated funds:-
These funds are held for the meeting the objectives of the charity, and to provide Unrestricted Revenue reserves for future activities, and, subject to charity legislation, are free from all Funds restrictions on their use.
17 Ultimate controlling party and liability of members
The charity is under the control of its legal members.
If The Henry Wood Chamber Orchestra is wound up, the members of the organisation have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. At 30th June 2021 there were 3 members.
16