## Promenade Concert Orchestra Trustees' Annual Report & Financial Statements for the Period 1 July 2024 to 30 June 2025 November 2025 ## Promenade Concert Orchestra # Trustees’ Annual Report & Financial Statements for the Financial Period from 1 July 2024 to 30 June 2025 ## Reference & Administraton Details ## Society Details: Name: Promenade Concert Orchestra Address: 6 Albany Road, Morecambe LA4 4JY Registered Charity Number 1184124: Names of the Society’s Trustees who manage the Society Howard Rogerson Musical Director Tony Rigg Chair Jean Ball Committee and Friends Secretary Christine Lorriman Committee Liz Neale Committee Roger Neale Committee Wendy Jones Committee Gill Allen Committee Lucy Baldwin Minutes Secretary ( non Trustee) ## Names & Addresses of Advisors Bank Santander Bridle Road, Bootle L30 4GB Independent Examiner Daphne Cockerill 14 Cathedral Drive, Heysham. LA3 3RE ## Structure, Governance & Management The Orchestra was established in 2007 to benefit the public of Lancashire by giving accessible public concerts in light classical orchestral music from a wide spectrum of musical traditions. ## Type of Governing Document: Constitution ## How the Society is Consttuted: Unincorporated Association In recruiting Trustees, the Society is heavily dependent upon ad hoc referrals and recommendations from members and stakeholders. We give all new Trustees a copy of the Constitution and the most recent Trustees’ Annual Report & Financial Statements. Copies of the Minutes of the most recent Trustees’ meetings are also given. We encourage any new trustees to attend Making Music events locally that run training, information and advice workshops to help provide guidance on topics such as audience development, fund-raising and PRS. ## Objectves To advance improve, develop and maintain public education in, and appreciation of, the art and science of light orchestral music in all its aspects by the presentation of regular public concerts and such other ways as the trustees see fit. ## Executve Summary ## Actvites, Achievements & Performance Throughout the year, meetings and representations have been held on behalf of the Promenade Concert Orchestra with Lancaster District Arts Partnership which provides co-ordinated promotion and arts development city and wider region. In addition, when opportunity has arisen, approaches have been made to Lancaster Civic Vision, Morecambe Winter Gardens, Elgar Society NW Branch, Light Music Society, Johann Strauss Society of Great Britain, Morecambe Artist Colony and Making Music. All advertisers and sponsors have received a letter of thanks for their historic support and renewal for the coming season along with new advertisers has been gratefully received. The PCO is a registered member of the Making Music organisation, and as such has involved Howard Rogerson taking part in occasional “Zoom” online meetings. Each of the four concerts at the Platform have been well attended, with extra publicity through Facebook, Beyond Radio, Radio Lancashire, Local Press articles through journalist, Louise Bryning, Bay Podcasts our own website and links to other websites etc. as we try to widen our outreach bringing in new audience members from further afield. The kind behest which has been put to good use underpinning additional dimensions and world class performers. External factors have conspired against us! From the Chair. Martyn's Law, whilst we support protection from terrorism at our events, the enforcement without warning caused significant operational problems with our audience paying the price by having a very negative experience unnecessarily. Lessons learned include advising patrons in advance of what to expect however, these new protocols are particularly problematic and off-putting for our typical audience profile and potentially prohibitive. The economic situation is also hostile with the cost of venue hire being increased significantly and disproportionately in relation to what we can reasonable charge for tickets. Despite this the PCO has been able to deliver world class music in the form of four concerts, delighting audiences and preserving heritage for future audiences to enjoy. ## Financial Review The Society continues to run with a surplus in the current account, but this is to ensure we have adequate reserves to cover any exceptional cash outflow and/or unforeseeable losses. A Skipton Building Society Community Saver Account II, and is accruing interest at around 3.5% This year’s financial accounts reveal Morecambe Town Council paid its Festival Funding Grant of £3000 in March 2025 for the next six concerts-until May 2026. The PCO also received a bequest of £10, 591 from the late David Alder’s estate, as a regular attendee of the PCO concerts and reviewer for the press. The Friends of the Promenade Concert Orchestra, with a current membership of 10 couples and 17 single, contributes to annual finances by means of subscription. Together with a dedicated team of volunteers, the Friends usually supports the raising of additional incomes through ticket, programme, raffle and merchandise sales at our concerts, though this, understandably, is much reduced this year mainly as a consequence of lower audience attendance. The Promenade Concert Orchestra benefits from the Easy Fund-raising scheme. In 2023-2024, this scheme generated £34 from the small number of supporters and is, as the title claims, an easy way to allow charities to raise money when their supporters shop online, and at no additional cost to them. The Trustees declare that the Society has given no guarantee where potential liability is outstanding and has no outstanding debts which are secured by an express charge on any of the assets of the Society at the date of the statement of assets & liabilities. ## Declaraton The Trustees declare that they have approved the above report and authorised that it be signed on their behalf. Signed: Tony Rigg Chair Person November 11th 2025 ## **PROMENADE CONCERT ORCHESTRA** ## **Registered Charity No. 1184124 (as of 27.06.2019)** ## **RECEIPTS AND PAYMENTS ACCOUNTS for year 01/07/2024 to 30/06/2025** **----- Start of picture text -----**
2025 2024 Notes
Balance at start of year 27,619 22,991
Receipts
Item
Ticket sales 10,433 13,470
Sponsorship 3,928 2,025
Dona�ons 12,689 4,300
Grants 3,000 2,950
Friends 665 631
Programmes 730 910
Raffle 390 438
Refreshments 580 665
CD, LMS, other fundraising sales 65 240
Easyfundraising 101 34
Additional receipts 736 0 Building Soc. Interest
Total Receipts 33,318 25,663
Payments
Item
Musicians, MD, guest artists, Dancers 13,165 15,890
Venue - Concerts/rehearsals 6,665 4,203
Music - buy, hire, copy, etc 1,674 1,005
Advertising & website 1,149 838
Programmes 570 760
Making Music Sub, Insurance & PRS 618 373
Refreshments and Raffle costs 61 101
CD, LMS cards and other Fundraising costs 0 0
Administration, postage costs 135 105
Sundries, gifts, flowers, CC charges 155 190
Total Payments 24,192 23,465
Net receipts/payments
Surplus(deficit) for year 9,125 2,198
End of year Balance 36,744 27,619
**----- End of picture text -----**
## **STATEMENT OF FINANCIAL POSITION as at 30th JUNE 2025** |**MONETARY ASSETS (Cash at Bank)**|**£**| |---|---| |Cash in hand|81| |Current Account Santander|7,977| |Skipton Building Soc Account|28,736| |**Total**|**36,794**| |**ADJUSTMENTS**|| |Uncleared cheques|(50)| |Uncleared deposits|-| |Effective net assets|**36,744**| |**ACCUMULATED FUND**|| |Balance brought forward from 30/06/2024|27,619| |Surplus/(Deficit) for Year|9,125| |**Accumulated Balance carried forward**|**36,744**| ## **ACCOUNT NOTES:** 1. Assistance towards our year's ac�vi�es is gratefully acknowledged from the following: - **Grant:** Morecambe Town Council. - **Sponsors:** Price & Co; Morecambe BID. **Dona�ons:** Friends and other individuals. - **Volunteers:** for all their help with concert planning and support, admin, accounts, website etc without which the PCO could not func�on. **Musical Organisa�ons** : for reciprocal adverts in concert programmes. 2. The total of musicians' fees includes remuneration for 3 Trustees, ie: Musical Director and 2 players, for professional services in a solely musical capacity, totalling £1,490. 3. Donations in Kind: Musicians' fees £2,050 and Music Hire £1,200 (40 items) from the Music Director. 4. There are no 'Restricted' amounts in these accounts, so no separate allocation listed. 5. Our present Reserves policy is to ensure there is sufficient surplus balance in the bank to cover for any exceptional cash outflow and/or unforeseeable losses. 6. We are extremely grateful for the legacy from the late David William Alder and extend our deepest thanks to the executors and family. ## **ACCOUNT AUTHORISATION:** These accounts have been approved by Promenade Concert Orchestra Trustees on: ## **Signed by two trustees on behalf of all the Trustees:** I have examined the books and bank statements of Promenade Concert Orchestra and confirm that these accounts are in accordance therewith. **Signed by Examiner: Dated:** ## **PROMENADE CONCERT ORCHESTRA** ## **Registered Charity No. 1184124 (as of 27.06.2019) RECEIPTS AND PAYMENTS ACCOUNTS for year 01/07/2024 to 30/06/2025** ||**TOTAL**|**NOV**|**JAN**|**APR**|**MAY**|**ANNUAL**| |---|---|---|---|---|---|---| |**INCOME**||||||| ||£|||||| |TICKET SALES|10,433.47|1,211.00|3,916.65|2,356.18|2,949.64|0.00| |SPONSORS/ADVERT|3,927.76|2,235.00|1,692.76|0.00|0.00|0.00| |DONATIONS & GIFT AID|12,689.31|100.00|140.00|340.00|140.00|11,969.31| |GRANTS|3,000.00|0.00|0.00|0.00|0.00|3,000.00| |FRIENDS|665.00|0.00|0.00|0.00|0.00|665.00| |PROGRAMMES|730.00|170.00|225.00|140.00|195.00|0.00| |RAFFLE|390.00|75.00|125.00|120.00|70.00|0.00| |TEAS & REFRESH|580.00|150.00|165.00|130.00|135.00|0.00| |CD'S, LMS CARDS, OTHER FR|65.00|15.00|25.00|25.00|0.00|0.00| |EASYFUNDRAISING|100.62|0.00|0.00|33.26|0.00|67.36| |SUSPENSE|736.38|0.00|0.00|0.00|0.00|736.38| ||33,317.54|3,956.00|6,289.41|3,144.44|3,489.64|16,438.05| |**EXPENDITURE**||||||| |MUSICIANS & GUESTS|13,164.84|2,995.00|3,634.84|3,185.00|3,350.00|0.00| |VENUES CONCERT/REHEARSE|6,665.44|1,694.74|1,694.74|1,694.74|1,581.22|0.00| |MUSIC BUY, HIRE, COPY, PRINT ETC|1,674.04|290.16|421.18|82.20|660.50|220.00| |ADVERTS, WEBSITE|1,149.40|135.00|280.00|392.50|0.00|341.90| |PROGRAMMES|570.00|0.00|210.00|105.00|255.00|0.00| |MM SUB, INSUR, PRS|618.00|0.00|0.00|0.00|0.00|618.00| |REFRESH, RAFFLE COSTS|60.89|0.00|34.71|7.68|18.50|0.00| |CD'S, LMS cards|0.00|0.00|0.00|0.00|0.00|0.00| |POSTAGE ADMIN, Examin.fee|134.78|38.38|30.54|57.67|8.19|0.00| |SUNDRIES CCcharges, gifts, flowers|155.00|0.00|155.00|0.00|0.00|0.00| |SUSPENSE|0.00|0.00|0.00|0.00|0.00|0.00| ||24,192.39|5,153.28|6,461.01|5,524.79|5,873.41|1,179.90| |Concert Income|33,317.54|3,956.00|6,289.41|3,144.44|3,489.64|| |Annual Income||4,109.51|4,109.51|4,109.51|4,109.52|| |Concert Expenditure|24,192.39|5,153.28|6,461.01|5,524.79|5,873.41|| |Annual Expenditure||294.98|294.98|294.98|294.96|| |**Profit / (Loss)**|**9,125.15**|**2,617.25**|**3,642.93**|**1,434.18**|**1,430.79**|| |Profit / (Loss) adjusted for Bequest|(1,466.39)|(30.64)|995.05|(1,213.71)|(1,217.10)|| |Bank opening balance|27,519.42|||||| |Building Soc opening balance|-|||||| |Cash opening balance|99.50|||||| |Profit / (Loss)|9,125.15|||||| |Building Soc interest|736.38|||||| |Uncleared cheque|(50.16)|||||| |Uncleared deposit|-|||||| |**Bank closing balance**|**7,976.85**|||||| |**Building Soc closing balance**|**28,736.38**|||||| |**Cash**|**81.00**||||||