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2024-04-30-accounts

Companies House Registration Number: 08482425 Charity Registration Number: 1178276

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 April 2024

for

The Riot Ensemble Ltd

(A Company limited by guarantee)

Green Accountancy Limited Chartered Certified Accountants Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX

The Riot Ensemble Ltd

Contents

Charity information 1
Report of the trustees 2-5
Independent examiner's report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-14

The Riot Ensemble Ltd

Registered Company limited by guarantee number in England and Wales

08482425

Registered Charity number

1178276

Registered office

7 Windsor Square Flat 107 London SE18 6XR

Trustees

Peter David Spencer King Jeongmin Kim Christine Kinsella Andrew Kurowski Sally Groves

Independent Examiner

David Wilsdon FCCA Green Accountancy Limited Chartered Certified Accountants Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX

1

The Riot Ensemble Ltd

Trustees' report for the year ended 30 April 2024

financial statements and comply with the charity's cons�tu�on, the Companies Act 2006 and "Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standards applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)".

Objec�ves and ac�vi�es

educa�on in, and apprecia�on of, the art and science of music in all its aspects by any means the trustees see fit, including through the presenta�on of public concerts and recitals and by encouraging the apprecia�on and prac�ce of the arts through scholarships, studentships, prizes, compe��ons or other means.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what ac�vi�es the charity should undertake.

Achievements and performance

The �me covered in these accounts represented a strong and busy �me for Riot Ensemble, with twenty-one (21) concerts and nine (9) educa�on projects in higher educa�on ins�tu�ons across Manchester, Liverpool, Cardiff, Southampton, and London. The work in higher educa�on is a par�cularly strong area of Riot Ensemble’s work, and through workshops and educa�on projects the ensemble gave more than thirty (30) first performances of student work.

This work was further recognised by a grant from the Lucerne Art Mentor Founda�on, through which Riot Ensemble’s residency at the Royal Academy of Music was firmly established for the next three years. During this �me, six performers and three composers will come into residence with the ensemble, working on numerous commissions, side-by-side and professional projects, culmina�ng in research events, concerts and commercial CD recordings. Unusually for such a scheme, the composers are invited to write mul�ple pieces (five, in total) across numerous years where they really come into close contact and collabora�on with Riot’s players. Addi�onally, they are paired closely with the performer colleagues in the residency, giving the en�re project the feeling of an ‘incubator’ with a vision toward crea�ng the next Riot Ensemble, from this genera�on of ar�sts. A�er many years, Riot is ambi�ously pursuing such work, with a vision of transforming as many ‘one-off’ contact points as possible into mul�ple contact points that are so much more beneficial and rewarding for all involved.

Addi�onal concert projects included AI Love Le�ers at Southampton University, which resulted in live concerts in both Southampton (Turners Sims Hall) and Kings Place (Hall Two) alongside a commercial recording released in the next financial year. This recording received cri�cal acclaim in industry magazine Tempo (“Over a lopsided locked groove expertly held down by Riot Ensemble, a tender vocal is delivered…”) and provided two sold out audiences over its two nights. This represents a growing interest Riot has had in suppor�ng composers crossing over into science/research/AI (previous projects especially including the PRiSM collabora�on).

2

The Riot Ensemble Ltd

Trustees' report for the year ended 30 April 2024

These projects saw Riot deliver half-a-dozen world premieres, including a Wigmore Hall commission of interna�onally acclaimed composer Hilda Paeredes. Riot has been a regular performer at Wigmore Hall since our debut there during the COVID19 pandemic, and this performance was addi�onally recorded and broadcast by BBC Radio 3 (including our performance of Clara Ianno�a’s Limun, for two string players and two harmonicaplaying page turners.)

Interna�onally, Riot appeared in Norway (Arc�c Arts Fes�val), Denmark (SPOR), Finland (Vitasaari) and Poland (Warsaw Autumn). The Arc�c Arts and Vitasaari Fes�val’s both took Riot’s most important commission to-date: Georg Friedrich Haas’ Sols�ces, which is played from memory and takes place in the dark over more than 70 minutes. Riot has toured this piece to more than a dozen venues and it has gone on to be performed across the world by many other leading ensembles.

In Norway, Riot brought call-for-scores winner Jasmine Morris with the ensemble to perform her commissioned work Atom Cry, which was premiered earlier in the year at a programme featuring the d&b immersive Soundscape system in Kings Place. Placed along work by Alvin Lucier and James Tenney, this commission showcases Riot’s ability to iden�fy and nurture the most exci�ng young talent from the UK, and the importance the ensemble places in raising the profile of these composers to interna�onal audiences.

At SPOR, Riot brought the moon is an eye is a pond (and so on and so forth) from long-�me collaborator Bára Gísladó�r. This work was premiered at HCMF23, and is now the fourth major commission between Riot and Gísladó�r since our first work together in 2017. In that �me, Bára and the ensemble have developed alongside – and with – each other into two mature and forceful stallwarts of the European new music scene. A video about our collabora�ons together – and the preciousness of this collabora�on to both par�es, was commissioned and produced by Riot Ensemble, and can be viewed here:

h�ps://www.youtube.com/watch?v=_wH0evi_Iz4

These projects saw Riot perform nine concerts to interna�onal audiences of more than 8,000. Subsequent radio broadcasts in Norway, Finland and Poland reached across these countries to audiences numbering in the hundreds-of-thousands.

In addi�on to these concerts, Riot’s recordings con�nued to garner cri�cal acclaim, as this review of Ves�ge from The Arts Desk:

impressed: listen to them to be moved, confronted, challenged. Ashkan Behzadi’s az hoosh mi… start with just a breath and grows into a song of intense ecstacy…Naomi Pinnock’s vocal solo Ves�ge, is a haun�ng response to lockdown that offers up fragments of her past in a musical patchwork. Add in a striking cover illustra�on and beau�ful booklet essay by Tim Rutherford-Johnson, this collabora�on between Riot Ensemble and Deutschlandfunk…is a strong recommend.”

3

The Riot Ensemble Ltd

Trustees' report for the year ended 30 April 2024

Financial review

During the year the charity was in receipt of income totalling £155,112 (2023 - £238,400), of which £42,932 (2023 - £116,318) were dona�ons and grants received. Expenditure incurred totalled £134,678 (2023 - £192,003) rela�ng to charitable ac�vi�es and raising funds. Reserves remaining at the of the financial period were £63,795 (2023 - £43,361).

maintained at a level equivalent to between three and six months' overheads. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to con�nue the charity’s current ac�vi�es while considera�on is given to ways in which addi�onal funds may be raised.

ambi�on. In the short term, the Ensemble’s goals are to establish core, mul�-year funding that allows the appointment of a general manager to work alongside the ar�s�c team to stabilize and establish this funding. The current goal is to appoint this general manager by the end of calendar year ’25, and to build up reserves, yearon-year, toward 2028.

that systems are in place to mi�gate exposure to the major risks. Accordingly, the trustees consider that the charity has sufficient resources to enable it to remain in business as a going concern for the foreseeable future.

Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Peter David Spencer King (Chair)

Sally Groves MBE

Andrew Kurowski

Chris�ne Kinsella

Jeongmin Kim

Emma-Jane Willan (Treasurer)

The original chair of Riot Ensemble, Judith Serota, was recruited personally by the Ar�s�c Director, Aaron Holloway-Nahum. A�er this point, other trustees were recruited and appointed by the trustees.

The charity's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

4

The Riot Ensemble Ltd

Trustees' report for the year ended 30 April 2024

The charity's current policy concerning the payment of trade creditors is to:

• se�le the terms of payment with suppliers when agreeing the terms of each transac�on;

• ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

The Trustees' report was approved by the Board of Trustees.

Statement of Trustees' responsibili�es

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce).

the Trustees must not approve the financial statements unless they are sa�sfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and applica�on of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

Charity's transac�ons and disclose with reasonable accuracy at any �me the financial posi�on of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.

Approved by order of the members of the board of Trustees and signed on their behalf by:

……………………………………………. Peter David Spencer King Chair of Trustees

25/04/2025

Date: ………………………………….

5

Independent Examiner's Report to the Trustees of The Riot Ensemble Ltd ('the company')

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Wilsdon FCCA Green Accountancy Limited Chartered Certified Accountants Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX

27/04/2025

Date: .............................................

6

The Riot Ensemble Ltd

Statement of Financial Activities for the year ended 30 April 2024

Unrestricted
funds
Note
£
Incoming resources
Income and endowments from:
Donations and legacies
3.1
37,772
Charitable activities - income
3.2
112,180
Total Income
149,952
Resources expended
Expenditure on:
Charitable activities - expenditure
3.3
129,518
Total expenditure
129,518
Net income/(expenditure)
20,434
Net gains/(losses) on investments
-
Net income/(expenditure)
20,434
Net movement in funds
20,434
Reconciliation of funds:
Total funds brought forward
43,361
Total funds carried forward
63,795
Restricted
funds
£
5,160
-
5,160
5,160
5,160
-
-
-
-
-
-
Total
2024
£
42,932
112,180
155,112
134,678
134,678
20,434
-
20,434
20,434
43,361
63,795
Total
2023
£
116,318
122,082
238,400
192,003
192,003
46,397
-
46,397
46,397
(3,036)
43,361

Continuing operations

All income and expenditure has arisen from continuing activities.

7

The Riot Ensemble Ltd

Charity Number 1178276

Balance Sheet as at 30 April 2024
Unrestricted
funds
Note
£
Current assets
Debtors
6
65,877
Cash at bank and in hand
7
3,164
Total current assets
69,041
Creditors: amounts falling due within one year
8
5,246
Net current assets/(liabilities)
63,795
Total net assets
63,795
Funds of the Charity
Unrestricted funds
10
63,795
Total funds
63,795
Restricted
funds
£
-
-
-
-
-
-
-
CIO Number 08482425
Total
Total
2024
2023
£
£
65,877
37,777
3,164
6,934
69,041
44,711
5,246
1,350
63,795
43,361
63,795
43,361
63,795
43,361
63,795
43,361

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for :

a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 April 2025 and were signed on its behalf by:

.............................................

Peter David Spencer King Trustee (Chair)

8

The Riot Ensemble Ltd

Notes to the Financial Statements for the year ended 30 April 2024

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

• the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)',

The charity is a Company limited by guarantee and constitutes a public benefit entity as defined by FRS 102.

2 Accounting Policies

Income

Income is included in the Statement of Financial Activities (SoFA) when:

Grants and donations

Grants and donations are included in the SoFA when the general income recognition criteria are met.

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

9

The Riot Ensemble Ltd

Notes to the Financial Statements for the year ended 30 April 2024

Taxation

The charity registered as a charity on 8 May 2018 and since that date has been exempt from corporation tax on its charitable trading activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

The charity has creditors which are measured at settlement amounts less any trade discounts

10

The Riot Ensemble Ltd

Notes to the Financial Statements for the year ended 30 April 2024

3.1 Income from donations and legacies

Unrestricted
funds
£
Trusts and Foundations
13,759
Donations
10,500
Orchestral tax relief
13,513
Total donations and legacies
37,772
Unrestricted
funds
Grants included in the above amounts:
£
Ernst von Siemens Music Foundation
-
The Fidelio Charitable Trust
-
Total grants included in donations and legacies
-
3.2
Income from charitable activities
Unrestricted
funds
£
Hire fees
106,357
Tickets
811
Call for scores
5,012
Total income from charitable activities
112,180
Restricted
funds
£
5,160
-
-
5,160
Restricted
funds
£
4,160
1,000
5,160
Restricted
funds
£
-
-
-
-
Total
2024
£
18,919
10,500
13,513
42,932
Total
2024
£
4,160
1,000
5,160
Total
2024
£
106,357
811
5,012
112,180
Total
2023
£
42,623
37,768
35,927
116,318
Total
2023
£
-
-
-
Total
2023
£
119,536
-
2,546
122,082

11

The Riot Ensemble Ltd

Notes to the Financial Statements for the year ended 30 April 2024

3.3 Charitable activities - expenditure

Commissioning, planing and presenting contemporary music events

Unrestricted
funds
£
Direct cost of charitable activity:
Musician fees
74,133
Recording costs
1,900
Artistic director
13,750
Travel costs
3,893
Venues
3,350
Equipment hire
9,643
Composer commissions
5,930
Support costs:
Marketing
682
Accountancy and bookkeeping fees
4,693
Independent examination
756
Freelance support
10,000
Overheads
341
Staff development
120
Sundry
327
Total expenditure on charitable activities
129,518
Restricted
funds
£
4,160
-
-
-
-
-
1,000
-
-
-
-
-
-
-
5,160
Total
2024
£
78,293
1,900
13,750
3,893
3,350
9,643
6,930
682
4,693
756
10,000
341
120
327
134,678
Total
2023
£
111,859
293
12,000
29,257
3,483
5,721
11,856
874
596
1,850
12,350
1,545
-
319
192,003

Support costs

All support costs are allocated to the single charitable activity of the charity and are included above.

3.4
Governance costs included above
Unrestricted
funds
£
Accountancy and bookkeeping fees
4,693
Independent examination
756
Total governance costs
5,449
Restricted
funds
£
-
-
-
Total
2024
£
4,693
756
5,449
Total
2023
£
596
1,850
2,446

3.5 Trustee remuneration

None of the trustees were remunerated during the year or the previous year. No trustee expenses were paid during the year

12

The Riot Ensemble Ltd

Notes to the Financial Statements for the year ended 30 April 2024

3.5 Staff costs

There are no staff working for the charity.

4 Debtors

Unrestricted
funds
£
Trade debtors
12,937
Prepayments
1,000
Tax recoverable
49,440
Accrued income
2,500
Total debtors
65,877
5
Cash at bank and in hand
Unrestricted
funds
£
Bank current account
3,164
Total cash at bank and in hand
3,164
6
Creditors: amounts falling due within one year
Unrestricted
funds
£
Accounts Payable
2,240
Accruals and deferred income
3,006
Total creditors due within one year
5,246
Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
Restricted
funds
£
-
-
-
Total
2024
£
12,937
1,000
49,440
2,500
65,877
Total
2024
£
3,164
3,164
Total
2024
£
2,240
3,006
5,246
Total
2023
£
1,850
-
35,927
-
37,777
Total
2023
£
6,934
6,934
Total
2023
£
720
630
1,350

13

The Riot Ensemble Ltd

Notes to the Financial Statements for the year ended 30 April 2024

7 Charity funds - current year

At 1 May
2023
Net
movement
in funds
£
£
Unrestricted funds
43,361
20,434
Restricted funds
-
-
Total funds
43,361
20,434
At 1 May
2023
Incoming
resources
£
£
Restricted funds
Ernst von Siemens Music Foundation
-
4,160
The Fidelio Charitable Trust
-
1,000
Total Restricted funds
-
5,160
Unrestricted funds
43,361
149,952
Total funds
43,361
155,112
8
Charity funds - previous year
Fund name:
At 1 May
2022
Incoming
resources
£
£
Unrestricted funds
(3,036)
238,400
Total funds
(3,036)
238,400
The restricted fund are grants received in the year and unspent at the end of
Transfers
between
funds
£
-
-
-
Resources
expended
£
4,160
1,000
5,160
129,518
134,678
Resources
expended
£
192,003
192,003
the year.
At 30 April
2024
£
63,795
-
63,795
At 30 April
2024
£
-
-
-
63,795
63,795
At 30 April
2023
£
43,361
43,361

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