Ch•rlty R•••trati No. 1177274 OIMODERNT FOUNDATION TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
OIMODERNT FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trut• J (Ch4r) E BOnd 8 Quash Chlilty number 11T1274 Comp•ny Nrnb•T CE013342 Prfndyl ddr• SW13 9QE Ind•p•nd•nt Ex1n* TC Grw) The Courtyard SP•)r•rn Ro•d UFper Be•ding swn West Sus BN44 3Th Bank•rn 56 SIr•th Hlgh Str••¢ Lor#>yb E1W
OIMODERNT FOUNDATION CONTENTS 9• Tnwl¢es' r•FXt IndowTrJerrt mInIS [• ststgment of hnane481 a(1fvia Bala sheat 7-10
OIMODERNT FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Thg Trustees we8ont ther Report and thg FirbwKi forthè •r•J8d 31 Marth 2025. LeGAL STATUS The CIO was lorn cffj 21 February 2018 an¢J 08 verned by ith clIUbrffi. Il• r•spered offKo 8 N#5S#U Road. LorKIDn SW13 9QE. Th re9iw•J f•Ay rbe¢ ia 1177274. OBJECTS The ofy'ecls of Ihe CIC are for the pthic benefftto prorrth Ihp •J¢xa(ion ofthe on tho $ut4ect of rn¢ ty the organlsallon ol wt4ic c(rterts and the preSentatt of pufrynwnces ol rnu1 indLvJng, but not &Thwted to. concerts. m88ter dasses. ft•AccAmpJ. 8eminarn. thrS1 aTrJ comm810n9 ofnw4 wryks of mus. TRU8TE58 There ha8 ba•n no cw in the tru•os thi8 y•w. ACTMTIES In April 2024 the OIMcJewrt pr13 perkrwJ in fv Quaén Sikna Ctsrt H811. StOckhrn wlth Em• Nikolots so1K1. ¥01r 8•¥tsM pn¢: oThJ th• Lll• Akod•mkn$ K•nmafOrtMIw. In Jun• 2024 OIMi>demt l•ed bkn Summer Fe8ti¥d at the &kna Conlxrt Hdl. In 2024 the Olmodoml Chamber Ofche•tr8 And Sobists porIcKvj In the Elbphilham>onit, Hamburg As oftho Sd)lèswig-Holtsln Mu$l¢Fostiva', arKIth alWn• Hal Dalla¥wcJ. Gurdaln Rayatt iabla, Fleur 8•rron mezzothloprano. Juuan Alp celkj. and Alasd B•atwn plprvJ. In Septemt•r 224 Olmodeml Chamb•r Orchmtra Pfnj •l V410r H•1. In Oclober2W24 the 01mode PmrapdsyT•iowj ty Fdix Kleiwlwm M) • eonea1 at th• Que•n SIMa Cone•rt H•N., Hugo plwd th• 4r wdLthd th• LthuAnl#n Chambw C¥ch•Birn at lh• G4Kl• F••l7val In VlnNJi. In Nov•mb•r 2024 ha pY•d th• vkjkn and the LuThJ• Kammw8dithr in Sw•aer In January 2025 Huwj played the ¥in wilh and cOjuC Ihe Camer¥ts Str[wT81e di Prato vi Pfaio, ItAly. Th• ONodemt Ch8mb•r Ofch•sw8 pL9y•d In 8 numb•rol•xtrwn•ly cdd churces In Germany. Hugo pLqyed Utrecht at the F•sttr4AI N&t Van d• V] In Fèbruary 2025 th• ONeAomt Chambar ONth•stra thedwlih the TroThJh&m V(Kes in Murnich and with variou8 801oists at the New Generalion Wrrter Festival in the Queen Sikna CoTrxrl H¥ll: #nd the OIMod&mt so1$t8 play•d with Evetyn GlÈnnk in Bdogna and Trnnto. In March 2025 Hug9 gave ts Finnish Fwiwe of ZtrrtJklè M*tinaitytè Ek8ggata fw ViLlin ar with ihe OstrobolhTrlan Charnber oldtra undw Dlrn• Sh)t#>Jenh)uk In SMlknan Hau, Kokkola: and. wlth Danfj EkluiiTJ ¥lula al I1 Mus]L4 Wlae Cliaiiibw ga¥t a wies ol nGer16 8wgth en¥lled arvj Rapfvre..
OIMODERNT FOUNDATION
TRUSTEES, REPORT (cOrINuED)
FOR THE YEAR ENDED 31 MARCH 2025
FINANCES
F•8 nL)N y•ar •nwnled to £110.639 I4.. £65,687).
)natron8 totsled £88,248 12024.. £161,194). By tsr I lorgul ¢(xnp)nwrt of w88 £84,175 1É1W,C#XII
fr(th S14ftdeen ONodemt. whith 1$ Ihe CIO'8 eounterpart wpor¥tg Mbty in Sw•don. ln April
2021 it was agreed Ihat the Strftd5ert may transfor furwJ¥ to ts CIO and It the CIO may ths(arge awses
property InCLnd by thè Sb"ftdsèrn al Ihè SlrftèWI'8 rnqt.
T only othw dc1)n$ exceediThJ £1 were £3.773 oded PayP•l. Th•r• w8$ no ¢ompalgn b) rals•
volunlary bjtyts.
Tolal èxwThJilur¢ in y•or arno1 to £216.&17 24.. £1.614>. This wo8 arfl818' fea8 8nd thetra¥81
•xponM8.
The f8• fc¥ Independt •XltIOn ollhè •nd Woir wo1 £1.8(NJ f2024.. £1,440).
Al 31 Marth 2026 tho btshk b(kn¢o •tood •1 £10,310131 Mqrth 224. £46.083). 1 f4md• h•kl In •t•dtrw arKI
wjro Kc4unts wth I6.
POLICIES
Th•r• hav• ba•n no ¢h•ng¥ to tn• F4)Ildu adoFthJ by the Trust In 2018n9 io rfsk managefflent,
conlll¢ts of Int•r¢l. 9)M[rt¥ and dots prlvacy.
Th• Tru8tèa8 fwwd•l at w•r• la& rniknwod kn Marth 2tr25 in the
conlexl ol an updat• to d•bft eard poh'ey, frst doplèd in Detsmter 2020. Th• Htsrbjrary Tre4¥urer prgparg$
monthty stst8ment8 01 r8ceipls and Payrnts. All exn$¥$ ar• $upptsrtwJ by Inv
OnlODERNT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 RESERVES At 31 Marth 2025. the chwity had reser¥•s of £28.392 IW24: 46.842). Al th• CIO'$ •r¢ ynrestrictad aTrJ 8re requifeu io pay Ihe f085 and exwnse5 irKJJrrnd h the presentokn of perfomwnces ol musk and ¥lw)nal wogrammes relatlnq to mu81c. NOatteraOC ha8 bom mad8 t¢)trw Tntsi••s' rasrn %thi¢hw8s last 7 Mareh 2. INDepeNDeKr EXAMINATION Th•Tru8t•88 We r¢swn•ibl•forth• prep818t olthe ar£4mls. •rcTKé lo haudit•d, AC&0>y. they hwe been tha wbhect ol • report by Ind•porthAt exmintr. rw Is ••t out on the fdlw41ng pag• ofthia doojmfrt TRUSTEES, RESPON81BIUTtE8 IN RELATION TO THE ACCOUNTS The Iruotooa tsr¢ r¢•pwwblo fvr pr•wng the TnJotee8' ReFQrt •ThJ the eCunts In 8ccordanc• wmh applicaN• and Unlted Arntir SIAndards Iunittd K0drn Gerv¥ty Acc•plod h£cnting Pr8Lc•l. The W requ1 the tnMit)•s io Iparn ACCJ)unis fe< fintl ywwhth glv¢ a falrvlw ollme ol affair6 01 Ihe Ltsrlty and ol Ihe incJming rèaoureès orKI of rgwJrco5. InduirvJ th• Income and exp&)dltur8, or thg thjrity forthat ar. In w•parfng th•M attounts, th• trtal3 8 lWIr1 to.. l•ctwJli8bl8 acoyJnUThJ Ihw •ppty th•m Cl11•r. ob•rn th• m•lhod• •nd sxhw CtwilJ•$ 8011P." eparfr the •xoJnls on th• c¥)rKwn It 1$ Itwpropriate to pregum that the (ary w tsjnlinuè in opewalbon. The tru8tee8 are respons1• tr katn9 adéquatè •cJxwntiry rryd8 that t•rith r8a8onabkry acojrntry at any Ilrrts Ihp flnwKlal posilkn of Ihe thfjrity arnj enatA# l(> IhMI Ih# xtxinl8 o)rnply the Chgrt1*s Ad 2011. They aro responsFt4e lor galegu•rfI the assets of ¢hty and lor takww re8xin8? sleps lor tho pr•v•nti(fft 4r d818¢tion ol fraud and other irwuiariti•J. Approvèd ty the Tru•1• and •iyn•d on their belmllby.. Jon Carvdl Ch81r Dated 13 June 2025
OIMODERNT FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OIMODERNT FOUNDATION I rerwxt to the trte•S on ry amination of th• ¢Al8 ol onAc44efflt FcAalion fcrf th8 y•or ¢ThJod 31 M•r¢h 2025. Rpon•1b[llll0S and lJ••l• of report As the tFu8tses ol the thanty Y a reSponsie for IM prepwakn ol lh• 4c£tyJnts In wth UN• requirements ofthe Chaiitles Ad 2011 fthe Acn. I rèport in ol my e¥Bminalion ofthe a¢cowrt•wied oul uThJer aedion 145 olthe 2011 Act and l) carrylng oul my examination I hw• ft4hYd all ts 8Ff4utrAe Dirndions en by ihe Chaty COMMISOn ur#Jor Mcb'on 145(Sllbl ol the Act. Indgpgndgnt ¥xamln•rf• •tat•Thnt I have cCffjeted my exan1n8t. I confimi Ihbt Th) mAtTAl matt¢r¥ hav¢ mI to ry 4tlgnth In tyJnno¢Uon Ihe •xarrinalI gTriing m8 cwse to beheve th•t In wy materlal respect. 111 8r£ounlry recgxd¥ ww• not ke0 in rn•p•ci of the charity as r•quir•d by wtion 130 01 the Act,. or 121 the accounts do nol t££•rd wilh tho#e rr.. or 131 xcowis do wtth Ih appkabl• r•Wr•m•nts CcrAng th• fomi and eont•M of unl8 sel Lwt In the Charbtkn8 (Acownl8 Repcrt61 RgguIBtb)ro 2CQ8 otrr Ih8n any requifemonl that tho aetY)urts l¥• a 1ru• far Th6th 18 not A mallef cM¥K1typd part of on independent examlnatkln. I have no ¢onc•mg and hhve come acm88 rKJ olher mallern in C0nrtttn 1h the ex8minolion to wtrAth attonlKn shwld be drawn in thli r•F•Xt in orrlw to •n8blt a yopèr und51andtng of Iht #ttsjunts 10 bé r••thed. TC Mr Mit Cummln• FCCA FCIE. For•nd on behalf of TC Grow> Th• Courtyard Sher•hAm Road Upper 8e•dlNJ Steynir*J West Sussex BN44 3TN Dat•d'.
OIMODERNT FOUNDATION STATEMEMt OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 Total 2011 2024 In¢orn• from: Donations and ofths Chgrilabl• actfvi1186 181,194 65.087 110.8¥9 Totsl In¢om• 198.887 226.881 Exp•ndltur• on: Charitable a¢Xvitie8 21$,337 186,814 Totsl •Xp•nd1r• 216,337 1.814 Not IncoM•ll•xwIrn1 rtd t mov•m•nt In fvnd• {17,4601 20,267 R•eotxSllatlon of fun Totsl funds broughl •11 Awl 2024 44842 15,575 Tot•1 fvnd• ThI•d forrd It J1 Mrch 2025 28.392 45,842 TheTO are no rnc4Jgnlaad galn8 or1088es ovw th•n ItrK4e reptytsd on tha SIml of Fkn8Mal Acll¥W•s. All othii18 8re d¥aod u cffitirMJb)o. Al Itwne •rKI •xperKurg in 2Wd5 2024 was unT•lirt.
OIMODERNT FOUNDATION BALANCE SHE AS AT31 MARCH 2025 2025 2024 Curr•nt aM•t• Debtus Gaoh at bank in hawNJ 19.873 10.31• 30.192 47,282 Cr•dltOrn: 4M(Kl• falmng du• wlthln y•ar 11.800) (1.440> N•t GUIT•nt aM•ts 21.392 Tot414••0ts1o•• ¢urront Il•blllll•• 28.392 45,842 Net a••¢t• 28.392 45.842 Th• lund• of th• eh•rlty Unr••trfcA•d fur5 21392 45.842 392 45,842 The a¢tI Te approv•d by the Bovd Qn 13 Juno 2025. /L [-• J CaN•ll Tru•tee ICh•l chOty Nwntw. 1177274
OIMODERNT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlry polkle• Ba•F• ol w•par#tlt)n The actounts have b•M •I•d In acr¥Yd• ith A1x¢Ij aThJ Rewlng ty atieS.. Stat•m•nt of Recornmended Price 8FpIic8bte to chitses wepgrmg their in OrdanCe with the FinancT RèwtinA St#ndard 8pp1ie#blo in Ihe UK and Repu1¢ of Ifdond (FRS 1021 (effeL¥e 1 January 2019) - (Charle$ SORP IFRS 1021) and the Chant# Ad 2011. Omodemt Fndat)ft m••ts t d•fiK)n of 4 pubk ben6111 errtlty undw FRS 1f2. Assets and lablHN6s we Inltiauy rwnmd at hL4toricalwsl ortr8n88 ¥8 uTrkns oth1$6 stat8d In Ihe rel6vantOCCOUntlng pollLy nowijl. Tre ar•Th) mat•rta$Qorfie8•[XyJl OthdF101u.¥ 0bl16tytoInihi• a ty)Ir¥JWrn. Th• functhJrl Of thaFity powth 8lerfng. rtems nnd¢d to ng8r•8t pound. ¢••h Flow St•ternt In a¢cordanc• wlth Sedton 7 of FRS 102 th• ¢lwrhy Is dwmlng •x•mkM frni th• rewirvnwl to pryre caah •t•t•m•nt on I¢¢rt •k•. 00ft8C¥ and olhw forrns of vcluritary income aTr recw18ed en ts chaflty hal lo lfr In¢tsne. the knCOr b mewufable aThl rt Is thal Ihe charity 11 rec•5v• th• incorno. dewvwy ofihg Ktlwty to whk th• Inoxne 1A xpendllurn Exp•nditur• 18 ac£ounled fty Kr•Jwl8 wllh th• IrTW)bYrnbie •18mont ofVAT t*lth fv It•m of oxporso to KhIl rnkitos. ChablO èxw)ditur• Ihos• cosis knLxrnd iry the chaY In the delbvwyoflts 1.8$ And 8•NIc88 Gov•mancè eostÈ lindud¢d within supp)rt CQ8ts) kndJe those wtyJated wtth me•ting th• ¢onstitithnal and statutw requlrements ofth8 ttrIty.
OIMODERNT FOUNDATION NOTE3 TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ac¢4)untltvJ Polldo• Icontlnu•dl t¢trItIng All of the char6ty'8 funds are unreSIled fwjs. These we funds whith can be used in accordance with the tob objects at the ofthè arthj hav• Th)t dèsignalèd for athèr purposès. TJuYon Ai 0 th8thy. ONodwnl Is ¢xempt from t&x on tharitAb Irk))mo gths to th• èxt1 that tha ar• #Wkfjd to tt8 chqrttable oty"ects. 1.7 O•btorn Trado and ore al lh• l•nI am17t du• •ft•r #ny tr•d• dlsc¢unl offered. Pr•payments ar valued •tr th• amoL)t wepad nel of any trad• dl•cKAMts du•. Ca8h •t bank and In hand Ca8h al hnk haTrJ ¢a¥h oThJ 8hort tèrni hiyhPJf Squid invt8tmènt8. Thè Truat•s ts••k to u6• short term deFosil• where po8sit4e to moximise ihe reium on rr)nw hebj al the #nd to mBnBgè cksh flow. Cr•dltorn and provl•lon• Creditor6 8j provlBhyffj aro recognlwd where the tharity h08 ¥ we8enl oblig¥tlon re8ulbn9 Irorn o 81 wtnt that will prebatAy r•sult In t tr8nsfw of lurNts t¢ • Ihd pty ond th& offlo1 duo to $0tt1g th• obllgatlon can be measured of •slinal•d r81kqy. For•lgn •xchAr charivo presentaknal ¢wrey is Pounds Sterling. Trons8dion$ 0Ing in frffebjn cuwrency thrvtr the year have been tranSled u8ing a¥•llable a¥or•9e eXthan rn¢os. Monelary 4J•ets and Ma11$ danIDabj In are tran4ated irrto Sterthng al the rnlo$ of exch8nge rulirwJ •t lh• Jh•et date. hjl lorn wrr•nq dIff8rcts or• r8cogniwJ in axp•naitur• on rai8lThJ funds. E#tlm#ts• #nd Judll•m•n In the appliCatk of Ihe tharlty's acciJuntiThJ poll(aes. the tnJslee$ are required to make Ilern8ntS, e$lim819$ and 4$•umponI ab¢¥Jt tha cgrwng amount of asets ¥n¢ thal r• not r•adily app•r•nt frorn oth•T SOW$. Thg g¥timgtes and a8Boualed aUmPt¥ bad on hisioncal 8xp•riène• and other factcrfs that are cxjnsidered to be retevanL Actual r•8uM8 may dffef from th688 68bmte8. The eslinutes and 86sump.ons3ra re¥b•d on an wlng bas1$. Revi$pytsI0uThtiftg ostimates are rgGo9nised in Ihe period in tho estimato is re$•j buslee6 th) not con8kl•r that Ih•r• 4r• ary cnocal e8tm*> we88 0fludgeThnt that need lo brought to the altenlron ol Ihts md•ws ofth• statements.
OIMODERNT FOUNDATION NOTES TO THE ACCOUNT8 (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2025 Trust r•mun•r•llon AJI the tru dongte time 9perrt rutwkng tm thrity c a yuary b1¥ Jnd do [1 reCe ary remun10 lor Ihew work as tru%tees. 2020 2024 DontitiM inwnt Fee in¢cffie 88.248 110.639 161,194 85.887 Totsl 198,887 226,881 Exwdlturn 2025 2024 Charltsbl• •cll¥llle• cnJrttat4e Proi•Js Support eO8t8 214.1537 1,800 195,174 1,440 Total 216.337 198.814 2025 2024 GovemarK• (x)¥ts (Ir¥Jeperthrt examknalknn) Employ Th charlty had M •mpltyy¢¢8 in the or the year no trusiees worn rnfjmbutsed ary expendtture (2024: no1. The are no lated party IransaCtn$ to dis¢wJ otrthan truth• &)nabons {detal$ ofwhhth r• disdosed in Iho Tru#tees' Report).
OIMODERNT FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2025 2025 2024 Truile detlors 19,873 19,873 Cr•dltorn'. •mount• lalllng wlthln on• yMr 2025 2024 Ar£ruol6 1,000 1,440 1,800 1.440 10 Control Th• eharfty b unthr the contrd Try8tow. 11 Charfty InfomM11¢>n Oml¢>Jernt FOdalkIn ki • Clrttgble IncupN•ls)d Org8Th'sation r•gISter In England and Wale5. The thaiity's reglstarad number 8ThJ feglst•r¢d tsffKe Jdre88 w bo fwnd Ihè *al and adminlstrAtive inf0Malh page. io
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