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 Tru*t• J (Ch4r) E BOn￿d 8 Quash Chlilty number 11T1274 Comp•ny Nrnb•T CE013342 Prfndyl *ddr• SW13 9QE Ind•p•nd•nt Ex￿￿1n*￿ TC Grw) The Courtyard SP•)r•￿rn Ro•d UFper Be•ding swn West Sus BN44 3Th Bank•rn 56 SI￿r•th￿ Hlgh Str••¢ Lor#>yb E1W OIMODERNT FOUNDATION CONTENTS 9• Tnwl¢es' r•F*Xt IndowTrJerrt ￿mInI*S [• ststgment of hnane481 a(1fvi￿a 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 c￿￿lIUbrffi. Il• r•sp*ered offKo 8 N#5S#U Road. LorKIDn SW13 9QE. Th re9i*w•J f*•Ay r￿be¢ ia 1177274. OBJECTS The ofy'ecls of Ihe CIC are for the pthic benefftto prorrth Ihp •J¢xa(ion ofthe on tho $ut4ect of rn￿￿¢ ty the organlsallon ol wt4ic c(rterts and the preSentatt￿ of pufrynwnces ol rnu1￿ indLvJng, but not &Thwted to. concerts. m88ter dasses. ft•AccAmpJ. 8eminarn. th￿r￿S1￿ aTrJ comm*810￿n9 ofnw4 wryks of mus￿. TRU8TE58 There ha8 ba•n no cw in the tru*•os thi8 y•w. ACTMTIES In April 2024 the OIMc*Jewrt pr￿￿￿13 perk*rwJ in fv Quaén Sikna Cts￿rt H811. StOckh￿rn wlth Em• Nikolo￿ts so￿1K1. ￿¥￿01r 8•¥tsM p*n¢: oThJ th• Lll• Akod•mkn$ 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 porIcK￿vj In the Elbphilham>onit, Hamburg As oftho Sd)lèswig-Holtsl*n Mu$l¢Fostiva', arKI￿th alWn￿• Hal Dalla¥wc*J. Gurdaln Rayatt iabla, Fleur 8•rron mezzothloprano. Juuan Alp celkj. and Alasd* B•atwn plprvJ. In Septemt•r 2￿24 Olmodeml Chamb•r Orchmtra P￿f￿n￿j •l V410r￿￿ H•1. In Oclober2W24 the 01mode￿ Pmrapds*yT•iow￿j ty Fdix Kleiwlwm M) • eonea1 at th• Que•n SIMa Cone•rt H•N., Hugo plwd th• 4r￿ wdLthd th• LthuAnl#n Chambw C¥ch•Birn at lh• G4Kl• F••l7val In VlnNJi. In Nov•mb•r 2024 ha p￿Y•d th• vkjkn and the LuThJ• Kammw8dithr in Sw•aer In January 2025 Huwj played the ¥￿in wilh and cO￿juC￿￿ Ihe Camer¥ts Str[wT￿81e di Prato vi Pfaio, ItAly. Th• ONodemt Ch8mb•r Ofch•sw8 pL9y•d In 8 numb•rol•xtrwn•ly cdd churc*es In Germany. Hugo pLqyed Utrecht at the F•sttr4AI N&*t Van d• V￿] In Fèbruary 2025 th• ONeAomt Chambar ONth•stra thedwlih the TroThJh&m V(Kes in Murnich and with variou8 801oists at the New Generalion Wrrter Festival in the Queen Sikna CoTrxrl H¥ll: #nd the OIMod&mt so1￿$t8 play•d with Evetyn GlÈnnk in Bdogna and Trnnto. In March 2025 Hug9 gave ts Finnish Fwiwe of Ztrrt*Jklè M*tinaitytè Ek8ggata fw ViLlin ar￿ with ihe OstrobolhTrlan Charnber old￿tra 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 (cO￿rINuED) FOR THE YEAR ENDED 31 MARCH 2025 FINANCES F•8 ￿nL)N￿ y•ar •nwnled to £110.639 I￿4.. £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 I￿t the CIO may ths(*arge awses property InCL￿nd by thè Sb"ftdsèrn al Ihè SlrftèWI'8 rnq￿t. T￿ only othw dc￿*1)n$ exceediThJ £￿￿1 were £3.773 o*ded PayP•l. Th•r• w8$ no ¢ompalgn b) rals• volunlary bjtyts. Tolal èxwThJilur¢ in y•or arno￿1￿ to £216.&17 ￿￿24.. £1￿.614>. This wo8 arfl818' fea8 8nd the*tra¥81 •xponM8. The f8• fc¥ Independ￿t •X￿l￿tIOn ollhè •nd Woir wo1 £1.8(NJ f2024.. £1,440). Al 31 Marth 2026 tho btshk b(kn¢o •tood •1 £10,310131 Mqrth 2￿24. £46.083). ￿1 f4md• h•kl In •t•dtrw arKI wjro Kc4unts wth I￿6. 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 Payrn￿ts. All ex￿n$¥$ ar• $upptsrtwJ by Invf ot ihe CK). Is not ampw and f•CAN•8 no rnnm¥r￿8i￿ *om lh• CIO ap#rt Irtym f•e8 lor porfomilro for the CIO. The CIO has no o￿aY1•s. Administrxti¥È assistan￿ is wovldèd ty a self4rnpby&J Mar￿er pr￿Utt￿rt manager pahl for by the Stiftehen. In May 2￿24 VKioria Rcwsdl Aitist Management apwnled to replace MaxTh Bdbkov 88 mana9er trAJl il ￿1hdr￿* in Noveftknr 2024 and was reploced by Viktor Var￿1. In March 21Y25 Christy du Pre￿ look overthe Df prgJw4w mana9or Irom LTva M¢dn¢. OnlODERNT FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 RESERVES At 31 Marth 2025. the chwity had reser¥•s of £28.392 IW24: 46.842). Al th• CIO'$ •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 ex*mintr. 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 eCu￿nts In 8ccordanc• wmh applicaN• and Unlted Ar￿ntir￿ SIAndards Iunittd K￿0d￿rn Gerv¥ty Acc•plod h£c￿nting Pr8L*c•l. The W requ1￿ the tnMit)•s io I￿parn ACCJ)unis fe< fin￿t￿l ywwhth glv¢ a falrvlw ollme ol affair6 01 Ihe Ltsrlty and ol Ihe inc*Jming rèaoureès orKI of rgwJrco5. Indui*rvJ th• Income and exp&)dltur8, or thg thjrity forthat ￿ar. In w•parfng th•M attounts, th• tr￿tal3 *8 l￿WIr￿1 to.. l•ctwJli8bl8 acoyJnUThJ Ihw •ppty th•m Cl￿11•r￿. ob•rn th• m•lhod• •nd sxhw CtwilJ•$ 8011P." eparfr the •xoJnls on th• c¥)rKwn It 1$ Itwpropriate to pregum that the (*ar*y w tsjnlinuè in opewalbon. The tru8tee8 are respons1￿• tr kat￿n9 adéquatè •cJxwntiry r￿ryd8 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 tr￿te•S on ry ￿amination of th• ￿¢￿Al8 ol onAc44efflt Fc*Aalion fcrf th8 y•or ¢ThJod 31 M•r¢h 2025. R￿pon•1b[llll0S and lJ••l• of report As the tFu8tses ol the thanty Y￿ a￿ reSponsi￿e 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• ft4hY￿d all ts 8Ff4utrAe Dirndions ￿￿en by ihe Chaty COMMIS￿On ur#Jor Mcb'on 145(Sllbl ol the Act. Indgpgndgnt ¥xamln•rf• •tat•Thnt I have cCffj￿eted my exan1n8t￿. I confimi Ihbt Th) mAt￿TAl 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 r￿r￿*.. or 131 xcowis do wtth Ih appkabl• r•Wr•m•nts C￿c￿rAng th• fomi and eont•M of unl8 sel Lwt In the Charbtkn8 (Acownl8 Repcrt61 RgguIBtb)ro 2CQ8 otr*r Ih8n any requifemonl that tho aetY)urts l¥• a 1ru• far T*h6th 18 not A mallef cM¥K1typd ￿ part of on independent examlnatkln. I have no ¢onc•mg and hhve come acm88 rKJ olher mallern in C0nrttt￿n ￿1h the ex8minolion to wtrAth attonlK*n shwld be drawn in thli r•F•Xt in orrlw to •n8blt a yopèr und*51andtng 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$,337 186,814 Totsl •Xp•nd1￿r• 216,337 1￿.814 Not IncoM•ll•xw￿I￿rn1 *rtd t mov•m•nt In fvnd• {17,4601 20,267 R•eotxSllatlon of fun Totsl funds broughl •11 Awl 2024 44842 15,575 Tot•1 fvnd• ￿ThI•d for￿rd It J1 M*rch 2025 28.392 45,842 TheTO are no rnc4Jgnlaad galn8 or1088es ovw th•n ItrK4e reptytsd on tha SI*m￿l of Fkn8Mal Acll¥W•s. All othii18 8re d¥aod u cffitirMJb)o. Al Itwne •rKI •xperK*urg in 2Wd5 2024 was unT•lirt￿. OIMODERNT FOUNDATION BALANCE SHE AS AT31 MARCH 2025 2025 2024 Curr•nt aM•t• Debtus Gaoh at bank in hawNJ 19.873 10.31• 30.192 47,282 Cr•dltOrn: 4M(K￿l• falmng du• wlthln y•ar 11.800) (1.440> N•t GUIT•nt aM•ts 21.392 Tot414••0ts1o•• ¢urront Il•blllll•• 28.392 45,842 Net a••¢t• 28.392 45.842 Th• lund• of th• eh•rlty Unr••trfcA•d fur￿5 21392 45.842 392 45,842 The a¢￿￿￿tI ￿Te approv•d by the Bovd Qn 13 Juno 2025. /L [-• J CaN•ll Tru•tee ICh•l chO￿ty Nwntw. 1177274 OIMODERNT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlry polkle• Ba•F• ol w•par#tlt)n The actounts have b•M ￿•￿I•d In acr¥Yd•￿￿ *ith A1x¢￿I￿j aThJ Rewlng ty ￿a￿tieS.. Stat•m•nt of Recornmended Pr*ice 8FpIic8bte to ch*itses wepgrmg their in ￿￿OrdanCe with the FinancT RèwtinA St#ndard 8pp1ie#blo in Ihe UK and Repu￿1¢ of Ifdond (FRS 1021 (effeL*¥e 1 January 2019) - (Charl￿e$ SORP IFRS 1021) and the Chant# Ad 2011. Omodemt F￿ndat￿)ft m••ts t￿ d•fi￿￿K)n of 4 pubk ben6111 errtlty undw FRS 1f2. Assets and lablHN6s we Inltiauy rwnmd at hL4toricalwsl ortr8n88￿￿ ¥8￿ uTrkns oth￿1$6 stat8d In Ihe rel6vantOCCOUntlng pollLy nowijl. T￿re ar•Th) mat•rta$￿Qo￿r￿fie8•[XyJl Oth￿d￿F￿101u￿.¥ 0bl16tyto￿Inihi￿• ￿ a ty)Ir¥J￿Wrn. Th• functhJr*l Of￿ thaFity powth 8lerfng. rtems n￿nd¢d to ng8r•8t pound. ¢••h Flow St•tern￿t In a¢cordanc• wlth Sedton 7 of FRS 102 th• ¢lwrhy Is dwmlng •x•mk*M frni th• rewirvnwl to pryre caah •t•t•m•nt on I¢¢￿rt •k•. 00ft8￿C￿¥ 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. Cha￿￿blO èxw)ditur• Ihos• cosis knLxrnd iry the cha￿Y In the delbvwyoflts ￿1￿￿.8$ And 8•NIc88 Gov•mancè eostÈ lindud¢d within supp)rt CQ8ts) knd￿Je those wtyJated wtth me•ting th• ¢onstitithnal and statutw requlrements ofth8 tt￿rIty. OIMODERNT FOUNDATION NOTE3 TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ac¢4)untltvJ Polldo• Icontlnu•dl *t¢t￿rItIng All of the char6ty'8 funds are unreSI￿led 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• èxt￿1 that tha￿ ar• #Wkfjd to tt8 chqrttable oty"ects. 1.7 O•btorn Trado and ore al lh• ￿l￿￿•nI am￿17t 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 8￿j 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¢ • Ih*d pty ond th& offlo￿1 duo to $0tt1g th• obllgatlon can be measured of •slinal•d r81kq￿y. For•lgn •xchAr charivo presentaknal ¢wrey is Pounds Sterling. Trons8dion$ 0￿￿Ing in frffebjn cuwrency thrv￿tr the year have been tranS￿led u8ing a¥•llable a¥or•9e eXthan￿ rn¢os. Monelary 4J•ets and Ma￿1￿1￿$ dan￿IDabj In are tran4ated irrto Sterthng al the rnlo$ of exch8nge rulirwJ •t lh• Jh•et date. hjl lor*n wrr•nq dIff8r￿cts 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 I￿l￿ern8ntS, e$lim819$ and 4$•ump￿onI ab¢¥Jt tha cgrwng amount of as*ets ¥n¢ thal *r• not r•adily app•r•nt frorn oth•T SOW￿$. Thg g¥timgtes and a8Boualed a￿UmPt￿¥ ba￿d 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$. Revi$py*tsI￿0uThtiftg ostimates are rgGo9nised in Ihe period in tho estimato is re￿$•j buslee6 th) not con8kl•r that Ih•r• 4r• ary cnocal e8tm*> ￿ we88 0fludgeTh￿nt that need lo ￿ brought to the altenlron ol Ihts md•ws ofth• statements. OIMODERNT FOUNDATION NOTES TO THE ACCOUNT8 (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2025 Trust￿ r•mun•r•llon AJI the tru￿￿ dongte time 9perrt rutwkng tm thrity c￿ a y￿u￿ary b￿1¥ Jnd do [￿1 reC￿e ary remun￿10￿ lor Ihew work as tru%tees. 2020 2024 DontitiM inwnt Fee in¢cffie 88.248 110.639 161,194 85.887 Totsl 198,887 226,881 Exwdlturn 2025 2024 Charltsbl• •cll¥llle• cnJrttat4e Proi•Js Support eO8t8 214.1537 1,800 195,174 1,440 Total 216.337 198.814 2025 2024 GovemarK• (x)¥ts (Ir¥Jeperthrt examknalknn) Employ Th charlty had M •mpltyy¢¢8 in the or the year no trusiees worn rnfjmbutsed ary expendtture (2024: no￿1. The￿ are no ￿lated party IransaCt￿n$ to dis¢*wJ ot￿rthan 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 FO￿dalkIn ki • Cl*rttgble 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 ## **Document Activity Report** ## **Document Sent** Mon, 14 Jul 2025 15:01:29 GMT ## **Document Activity History** Document history shows most recent activity first ## **Date** ## **Activity** You can verify that this is a genuine Portal document by uploading it to the following secure web page: **http://tcgroup.accountantspace.co.uk/messages/VerifyDocument**