Char*y RegiBtrnti¢)n No. 1177274
OIMODERNT FOUNDATION
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

OIMODERNT FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Tru#ts¢•
J Carvell (Chairl
E Bonni
J Quash
O T￿tiati
Charfty numb•r
1177274
Company nUrn￿r
CE013342
Principal addreBS
8 N8S8au Road
London
SW13 9QE
Ind8pondent Exarraner8
TC Group
The Courtyard
Shoreharn Road
Upper Beeding
Steyning
W@st Suss8X
BN44 3TN
Bankero
Tran$lgrwise
56 Shoredileh HKJh Str8et
London
E1 6JJ

OIMODERNT FOUNDATION
CONTENTS
Page
Trwtees, report
Ind•pèndènl èxaminèfs r•port
Statemenlorrinanaal aclNities
BaJanc8 sheet
Notes to the acLounts
7-10

OIMODERNT FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The T￿￿teE5 present their R8POrt a￿1 the Financial Staternents for the year e￿ed 31 March 21r24.
LEGAL STATUS
The CIO was furrned on 21 February 2018 and is govemed by its Constitution. Its regi8t8red Offi￿ is at 8 Nassau
Road, Lo￿on SW13 9QE. Th• fogist•r￿ tharity number is 1177274.
OBJECTS
Th¢ objects of the CIO aw for the publ¢ b¢nafft to promote the education ol the public on the subjed of MUS￿ by
the organt8ation of public cxjncerts and the wesenlaticn of perftsmiane•s of musi& including. but not limited to,
ncèrts, master dasses, music camp4 s&minars. workshops and cornmi8sioning of new works of music.
TRUSTEES
Th8re has b86n no chang8 in th8 trustee8 this y8ar.
AGTIMTES
In Apn"12D23 Hv90 perf)mèd in Esttrnia Concert Hall under baton of Andr8$ KAljusté witt) the Col￿gIuM
Muslcale and Estonian National Symphony Orchestra., and In the Queen Silvia cOn￿rt Hall in Stodiholm wth
Dam8 Evelyn Gl&nni8 With the Ensemb18S 8nd Orchestra of the Lilla Akadamien.
In May 2023 Christoph•r Enloe rwived the Olmodernt Composition Award for Di5coursY for FI8KK) Trio.
In June 2023 F8stival Olmodernt took plac8 in Sweden ov6r 5 days ￿lebrating music of Brahms.
In July 2023 OIModem¢ Sdoisls took part in F8StW81 Entroterre., and IhB Charnber Ord)estra performed at the
Marvao Fg$Oval in Portugal,
In Ajgusl 2023 some ol the Olmodernt Soloists look part in th8 F&stival Mu5ique en Charolai>8rionnai$ in
Beryundy over three days. Hugo playth and conducted at the Nofdlané Musikkf8Stuké in Norway, tho sehlesw￿-
Holstein Music Festival In Gem)any', at the KongreGS Palais, Fastsaal, Kassel, also in Gerrnany. thè 19th
Int8mational Chopin and His Europe Fastival in Ihe Warsaw Philhamionic Concert Hall, Poland,. and the Chateau
de Tannay, Tannay, Switzertand.
In Septernber 2023 the Olmodemt Chamber Orchestra performed at the Helsinki Fe8bval in Finland with Jorgen
van Rijen. trombonèand Johan Bridger, p8rcu5sion,' and atthe Vio Nova Kunsfest in CO￿eY, Gemanywith Marcelo
Nisinrnan, bandonèon and Julian Arp, c8110. Hugo play$d with the Vasteras Sinfoni?Ila ¥nd8r Simon Crabvford-
Phillp5 at the Vasteras Konserthus. Vasl8ras, Sw8d8n.' and h￿th the Chamber Orthestra Kremerata Battica at th8
tromerala Balbca Festival in the Dzintgri cOn￿rt Ho11, Jumiala, Lal¥Aa. The Olmodernt Soloists p8rfomed at the
Fl8TrJer8 Feslnial in Ghent, Belgiurn.
In October 2023 Hugo play￿ 2nd condurAed th8 Lithuanian Chambèr Orchestra at the Ltthuanran National
Philhamonic Concert Hall. Vilniu$. Lithuania: the Olmodernt Soloist5 played at the Queen Silvia Concert Hall in
Stockholm,. and Hugo Igd the s￿￿qart Chamber Orth¢$tra with Marzi Nyrnan elBdri¢ gijitar at the Hospitalhof,
Sluttgart.
In November and D8￿rnber 2023 Plu90 led the LÈlasinfonvattan in the Krlstlnehallen. Falun. Sweden and played
and direcjed Marten FalK gultar and the En$gmbk and soloists frorn Lilla Ak8d•mi•n at the Queen Sifvia Conc¢rt
Mall.

OIMODERNT FOUNDATION
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In February 2024 the Olmodernt Soloists perfornied at st Mary's Chureh Barn•s for the Barne8 mu8icSo￿ty. The
Olmodeml Chamber Orthestra playèd in the th￿e d8y Winter Fèsbval in the Queen Silvia GOn￿rt Hall. Hugo
played at th8 KOln8r Philharrnon￿, Cologne and the Konz¢rth#us Dorlrnund G8rrnany witt) the WDR
Sinfonlgo￿h0￿ter. Hugo played and conducted Catneota strumenta￿ Citta di Prato at T88tr0 PDlrt8ama Pratese,
Pmto. ltsty.
In Mareh 2024 Hugo played with and cond￿19d.. thè Ostrobethnla Chamber Orth8sra and Central Ostiobothnia
Chambèr Choir at censeNatol￿ Hall Karteby. Kar￿by, Finland, th• Strings from Conservatorio V. Bellini DI
Calanva at B88ilica Santuario di Maria Sanli88ima Annunziata al Carmine, Palerrno, Italy Th& Olmodernt Principals
played with Ema Nikolovska SDpranD, Alasdaii Beatsan piano, the Lilla Akadèmiens kammarorke6ter at the
(]ueen &fvia cOn￿rt Hall.
HNANces
Fee income in the year 8rn0Unted to £65.68712023'. £154.5491.
oon8t￿nS totalkd £161,19412023.. £186,843). By far the 18rg88t component of these was £153.9781É180,0001
receNed from Stiftel8en Olmodemt, which is the CIOS counterpart notfor wofit Corporate entity in Sweden. In April
2021 It was ag￿ed that the St"fftel8en may transfer funds to the CIO and that the CIO may discharge 8ypènsès
opedy incurred by the Sbftgknn at the Stift&lsen's request.
The only other donatiDns excegding £500 were £4,8001￿,000l from Flerian Leonhard and £2,5031É2,9261 frcffl
Hu90. Thèrè was rte campaign to rakse voluntary fvnds
Totsl exp6ndrtur8 in tha yearamourbted tc £196.614 (2023.. È4Q7,9221. Thi5 was maiftly ar￿"8￿, fees their travel
gynses.
Th? indir8Ct costs of adrninislrat￿n were £14,64812023.. £46.3801, being the fees, commissions and expen888 of
thè GÈn8ral Man29er. Other administrauve exp8nse5 w•re borne by th8 Stiftelsen Olmodernt.
The fee for independentexamination of th8 aceounts and thelr preparation wa8 £1,440.
At 31 Mar(* 2024 the bank balan￿ s¢¢od at £48.983131 Marth 2023 £10.3341. Al fund8 are held in sttrfing and
euro accounts with Wise.
POLlaES
There have be8n no changeE lo the polieiès adopted by the Truslees in 2018119 rollgting to risk managem?nL
conflicts of inler&st. cotnplaints and data privacy.
TheTrustees review intemal fina[￿la1 contro15 at kastannually. Th8yw8re last revEwed ITh May2D23 In the ujntext
of an update to th@ debit cArd pOI￿y, first adopted in Decèmber 2020. The Honorary Treasurer prepa￿S monthly
stalemenls gf rgceipts and payments. All ex￿n$6$ are supported by invoic8s, h81d in 8l•ctronicform. The majority
of the larger payments out of tha account are Pa￿ by th• Hon Treasurer by bank transfpr against invoices which
have been approved f￿ paymgnt by Hugo T1￿￿a￿. Travel and outof pocketexpense5 are mostly SOtt￿d by the use
of debrt cards.
STAFF
Ticciati. Thrector of the CIO. is not an ernploY￿ and receives no remun8rati¢n Irem the CIO.
The CIO has no employeès. Admini8trntive assistance provklad by a 5etr-ernplDyEd Production
CoordinatorlProiect M8n8ger. pa￿ for by the Strftelsen.

OIMODERNT FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR ThE YEAR ENDED 31 MARCH 2024
RESERVES
At 31 MaKh 2024, lh• Charity had total reserves of £45,842 12023 15,5751. All thg CIO'S bjnds arè unre6trist8d
and are ￿qUirett to pay Ihe foes and expenses incurred in the presentation of p8rforTnanc8s of music and
educational programrne5 relating to musio No atteration has b8•n madeto the Trustees, r888rve5 policy whth was
Last updated on 7 Marc* 2023.
INDEPENDENT EXMIINATION
The Trustees aré rosponsibte for the preparation olthe accounts. which are not required io b8 auditèd. Accordingly.
they have begn subjéd of a report by an indo￿ndent examiner. whos8 report Is set out on the following pa9e
of this d¢)oJmènt.
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE ACCOUNTS
The trustees are responsible for preparing the Trustees, Report and thè accounts in a¢Lordan￿ with applicable
law and United Kingdom A¢¢ountirs Standards (Unitsd lfjngdom Generally AccAp18d AccountirwJ Piaeticel.
Th8 law requires thè Iruslees to prepare a¢¢ounts loreath linan¢ial yearwhith give a true and fairview of the stat8
of 8fF8irs or th? charity and of incx)ming resour￿5 and appk"¢ation of re8our¢g5. including the income and
eX￿ndit￿r4, of the d)arity for that year.
In pieparing aLtounls, the trusleg5 arg rwuirthl to..
6elect suitable accounting policies and th£n apply th8m Ctnsislenuy.,
observ8 th• m•thods and principbs in th8 Charities SORP,.
make Judgements and estimates that a￿ ￿aSOnabl¥ and prudent.. and
prepare the aceounts on the going COn￿M basis unl8ss f( is inappr¢¥*riate to presum? thai the tharity will
continu• In operats"on.
Thg trust88s ar8 responsible for keeping adequate afLounling rocords that disclose with r68sonabk a¢rwra¢y al
any tirw th8 financial position ol the Charity and enabl8 them to 2nsuTe that thè acmunts comply with th• Charrt￿$
Act 2011. They are also rsspon$ible for safeguarding the assets of thè charity and hence for taking rea$on8Ne
eteps for tho prewnt￿n and d8t8cbon of fraud and other irregularities.
Approvgd by thè Trus￿&$ and skJn&l on their khalf by
Jon CaNdl
Chair

OIMODERNT FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OIMODERNT FOUNDATION
I report to the trustee$ on my exarnirbathjn of th• attounts of OJMod8rnt FoUTrdat￿n for the yoar ended 31 Mar¢h
2024.
Rosponsibllbtleo and basis of r•port
As the trustEas of the tharity you are re8pon¥ibla for thE preparation of thè acxxwnts in accordance the
requirements of U)e Charities Act 2011 I'lhè ACV).
I report in resp8Ct of my examinalion of the account5 carriÈd out under 8ection 145 01 th0 2011 Actand in carrwng
out my examination I have follow8d all IhE applN3ble Dir&ction8 given by thè Charity Commission under seclion
14515llbl of Ihe Act.
Indèpèndènt •xan￿n•T,S ststement
I have c1)Mp￿t&d myexaminstion. I cDnfimi that no material matte[5 have (￿Me to my attent￿￿ in connedlon wlth
the examinabon giving me causè ta believè that in any material respe(a."
111 a¢￿UntirWj records were not kept in respect of the charity as required by soc*on 130 of the kn( or
121 the accounts dts not accord wTrth thoso recnfds,, OT
13} the ac(¥Junts do not comply wf(h the applicable requir8rnsnts concernin9 thg form and calltent of
a¢¢ounts 8et oul in the Charits"es (Accounts and Report51 Regulat￿n$ 2008 other than any
reqUir￿ent that Ihe accounts give a 'lrue and fair viow which is not a matte¥ ￿nSidered as part of
an independentexamination.
I have no cDn￿m5 and have fA)me a¢ros$ no other matters In connection wth th8 8xaminat.on to which 9118ntion
shoukl be drawn in this report in order to ernable a proper understandÈng of the accounts lo be
r&a¢hed.
Mr Mark Cut7￿1￿8 FCCA FCIE, for and on bohalf o
The Courtyard
Shorehom R08d
Upper 8eeding
Steyning
We51 Su55ex
Group
BN44 3TN
Dated..

OIMODERNT FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AIARCH 2024
Total
2024
Total
2023
Notes
Incom? from:
Ck)natlons and grants
Charilable acl"vith"es
161.194
85,887
186.843
154,549
Total in¢omg
226,881
341,392
ExP•nd￿UI1 on..
charrtab￿ activit*s
196,614
407.922
Totsl exp?nditurg
196.614
407,922
Net Incomolloxpondltural and
net rnovernent In funds
30,267
166,5301
Re¢on¢iliation of funds
TDtal lund5 brought forward al 1
April 2023
1$￿75
82.105
Total funds caTrled forward al
31 March 2024
45.842
15,575
Thèrè a￿ no reuJgni8ed gains cr lossès Other than thosg report8d on the Statement of FinarI￿al Activit￿$. All activities
are classe(J as a)ntsnuing. All irthm• and expenditure in 2024 and 2023 was unrestricted.

OIMODERNT FOUNDATION
BALANCE SHEET
AS A T 31 MARCH 2024
2024
2023
Not•s
Currentass•ts
Lknblors
Cash at bank and in hand
299
46,983
e,681
10.334
47.Z82
17.015
CTrditOfs- amounts faning duo
wtthin onè year
{1.4401
11.4401
Not ¢urr8rrt assets
44842
15,575
Total Assets 1885 eurr•nt liabilltl&s
45,842
15,57S
Net assgts
45,842
15,575
Thè fub)ds olthe charity
Unrestricted funds
45,842
15,575
45.842
15.575
The a￿Unt$Were approved by th• Board on .........
J Carv811
Tru8ts8 (Chairl
Charity Number. 1177274

OIMODERNT FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poll¢le8
Ba$0 of pr•paratlon
The accounts have been prepared in accordan￿ with A¢￿Unting and Reporting by ¢haritie5'. Statement of
RKornmended PracticÉ applicable to charit4e8 preparing their accounts in ?￿Ord￿n￿ vitth Ihe Finanual
REporting Stsndard 8pplicat￿e in the UK and Republic of Irèland IFRS 1021 l•fttithe 1 January 20191
(Chatities SORP IFRS 1D211 and the Charits"es Ad 2011.
OModèrni Foundation meets the defill1t￿n of a public benefft entity undei FRS 102. Assets and liabilities are
iniknally mcognised al historicalcostortransaction Val￿ unless Othemise staled in the re￿vant a¢￿untIng policy
notel$l. Thgr8 ar8 no rnaterial uftcertaint￿s aboutolmedemt Foundation's abilty lo conts"nueas ¢g￿ng Con￿m.
The functional ¢urr8ncy of the charty is pounds $tgrfing. Items aTè round8d to th8 neaf•St pound.
Cash Flow Statsrnent
In aixordance with Section 7 of FRS 102 the charity i8 rjaiming ex8mpbon from the requirement to prepare
cash Ilcw statement on a¢￿￿￿t of Ils slze.
Ineon
Donations and olher forms ol voluntary income 8re recogThi$ed when tho ¢h8rily has enbtth8nt b th? ifittffie,
the In￿rne 15 m8asurable and it is probabk that the ¢harity will recei￿ lh• Income.
InC￿rne from Charitab￿ activities consists of fees r8C8N8d for performance activity. In¢(xne is reoJgnis•d upon
delN•ry ol the activity to whith the incornB telales,
1A
ExpeDdituro
Expenditure accounted for on an afxruals ba$is with irrecovwable e18rnent of VAT indud8d wlth the item
of expense tD whith it r&lates.
Charitsblè expenditure comprises thoee costs incurred by tho charity in the d84very ol rt$ a¢tiviiies and seNitss
for its beneficiaTES.
Governance costs lincluded within Support tostsl includ8 those wsts assoaated m881ing the wnstitutional
and 5ts1utory raquirements of the charity.

OIMODERNT FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Aeeountlng Polic188
Icontlnu¢dl
Fund aciounting
Funds h&ld by th8 charlty are either.
Al cf th• charity'$ funds are unrestricted funds. These are funds which can be used in accordan￿ wth the
charitabk obi8Ct5 at the dts(xthn of the In￿1895 and ￿hICh have net been despJnatBd lor oth?r purposes.
Taxitlon
As a charty, OIML¥J•mt 1$ gxemptfiom tsx on tharitabte incom8 arbd gains io the èxtent that these ar• applied
to its chaiilabk ￿)1￿¢￿.
Debtors
Trade and other debtors are r8ugnised atthe s8tUemont amount du¢ after any trade diso)unt oftered.
PrepaymeTrls are valued at th8 amount prepaid net of any trade discounts d￿.
Cash at bank and in hand
Cash at bank and in hand Sndudes cash and short term highly liquid inv•stments. The Trustees se•k 10 U$8
$hortterm d•po*ts where possible to maxirni$8 ihe ￿tUrn on monias he￿ atthe bank and to manage cash fiDW.
cred￿r8 and provl8ions
Crgditors and piowsions are Tecognised where tha d)arity has a present obfigation resulting from a pa8t event
thal wll probably result in the transler of fund5 to a third party and the amount due to selde the obligation can
be mèasured orestllnaled raliatsty.
Forgign eXcha￿ge
Thé charity's presentatsonal Nrren¢y is Poynds Sterlkng. Transactions o¢¢urring in for8KJn currerKy Ihroughoul
the year have been translated using publicly available average exc*)ang8 rates.
mO￿tsry assets and liabilities denominatsd in toreign curr8ncws are translated into Slerfing at the rates ol
exthange ruling at balan￿ ¥hg8t date. All foreign wrrency differences are rec￿niSed ￿ expenditu￿ on
raisirKa fvnds.
Estimat•8 and ludgem&nts
In the application of thè ehariV$ accounting PDli¢es, tha trustees are requirod to make judgements, estimates
and assumpbon5 about thg carrying amounl of assets and liqbilih'e5 that are not readily apparent from Olher
SOU￿$. Thts ts$timate$ and a550oat8d assumptions are based on hi8toThcal experience and other fa¢¢ors that
are ¢ansidered to be rebvant. Arlual tvsults may difFer frotn these estimates
The*stimat¢sand undeilying assumptions are reviewed on an ong¢4ng basis. RevisK)ns to a¢o)unling E5timate8
are rwnis¢d ￿ the period in which the estimate wsed.
The trustees dD not consider that thor• are any critical estimatss or areas of judg8m8Tht that need to ￿ brought
to the attenbon of the r8adars ol the financial statémenis.

OIMODERNT FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trust00 r0munert￿oM
All the tru5t8es donat8 their tim8 spent wnning the th8rity on a ￿luTh￿ry basis and do not receive any
remunerdtion for Ih?ii work a5 trusiee512023.. None).
2024
2023
nab.on income
F8& inc4me
161.194
65,6B7
186,843
154,549
Total
226.881
341,392
E¥pendltur•
2024
2023
Charltablo a¢tivilJè$
Charitable Projec
Support costs
195.174
,482
1.440
Total
196,614
407.922
Support ¢ost*
2024
2023
G0￿man¢￿ costs lindepend8nt examinatk)nl
1.440
1,440
1.440
1,44Q
Employees
The charily had no employegs during the year12023'. none),
Trustse$
[￿n￿g the year no trustse8 We￿ reimbursed any expenditure 12023.. nong) There ar8 no r818ted p8ty
transacthons to disdose otherthan trusteo donation5 Idetai15 olwhich are disc105ed in the Tru5tees' RepDrtI.

OIMODERNT FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Oebiorn
2024
2023
Tr•le debtors
299
6,681
299
6,681
¢r•dltOfs- arrb)unts talllng Ilue within one year
2024
2023
Accruals
1,440
1,440
10 Gontrol
The tharity is under th¢ control af thè TrustaO5.
11 Gharfty Infomlatlon
OMAod8mt FouTrlalion ts a Charitable Incorporated (kganisation regi8tered in England a￿￿ wa￿5. Thè
charity's Tegisl8red number and regi5teted office ￿ld￿$ bg found on the kgal and administrative
information pago.
io

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