## **Trustees’ Annual Report for the period** **From: 0** 8/07/2022 **Period start date To:** 07/07/20223 **Period end date** **Charity name:** The East Riding Concert Orchestra **Charity registration number:** 1195090 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance public education in and
appreciation of the art and science of music
in all its aspects in Kingston Upon Hull and
the East Riding of Yorkshire through the
presentation of public concerts| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
|Para 1.17 and
1.19|The orchestra performs public concerts| |~~accounts~~
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Trustees of the East Riding Concert
Orchestra acknowledge that they have
studied and taken due regard of all Charity
Commission guidance on public benefit| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference **N/A** Para 1.38 Policy on grant making **N/A** Para 1.38 Policy on social investment including program related investment |Contribution made by
volunteers|Para 1.38|The Charity has continued to develop a
team of volunteers during its second
operational year who help in a number of
ways including supporting the organisation
and promotion of concerts and in developing
ideas for programming.| |---|---|---| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The orchestra performed four successful
concerts during the year including a sell-out
concert in aid of the DEF Ukraine
Humanitarian Appeal. This concert raised a
staggering £17,000 for the appeal.
This was followed by successful Christmas
and Spring concerts and a fabulous Concert
at Hull City Hall in partnership with Hull
Music Service and St. Mary’s College
performing to over 1,000 school children,
many whom had never heard a ‘live’
orchestra before.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|ERCO is now firmly established within its
local and wider community as demonstrated
by the development of audience
engagement and increased number of
engagements. It has continued to build its
audience base and significantly widened the
demographic of its audiences.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|The charity’s fund raising showed a
significant improvement on the previous
year. Grants were received from a number of
sources including East Riding of Yorkshire
Council, Beverley Town Council, Hull and
East Riding Charitable Trust and the Sir
James Reckitt Charity.| |Investment performance
against objectives|Para 1.41|**N/A**| |---|---|---| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The Charity had an extremely successful
second year of operation. Total income was
£63,912 against £7492 in 2022. Total
expenditure was £55,697 against £9,162 in
2022. Net income for the period was £8215| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Trustees policy is not to hold reserves
except between concerts in the annual
series. This enables preparation and
necessary expenditure prior to concerts.| |Amount of reserves held|Para 1.22|See above| |Reasons for holding zero
reserves|Para 1.22|See above| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| Other ## **Structure, Governance and Management** |Description of charity’s

||| |---|---|---| |~~t~~
~~t~~
Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|The Charity is a CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The original Trustees were approached by
the founder of the orchestra and Charity
Richard Grantham. All procedures for
election since the initiation of the charity
follow the constitution document.| ## **Reference and Administrative details** ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for entitled to appoint trustee
Trustee name Office (if any)
whole year (if any)
1 Michael Ball
2 Lucy Meadows Chair
3 David Murray
Andrew
4 Grantham
**----- End of picture text -----**
|Charity name|The East Riding Concert Orchestra| |---|---| |Other name the charity uses|N/A| |Registered charity number|1195090| Charity’s principal address 88 Lairgate Beverley HU17 8EU ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees Signature(s)** L. Meadows **Full name(s)** Dr Lucy Meadows **Position (eg** Chair **Secretary, Chair, etc) Date** 04/06/2024 Charity reB55tratk)n number 1195090 THE EAST RIDING CONCERT ORCHESTRA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 JULY 2023 THE EAST RIDING CONCERT ORCHESTRA LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D MuThay MrA Grantham Dr L Meadows Charlty number 1195090 Prlnclpal addres 88 Lairgale Beverfey HU17 8EU Independent &xamlner Trevor Rackham Rackham'sAcci*Jntants ￿Mited 3 Mdton Enterprise Park Reddliff Road Metton East yO￿shIre HU14 3RS THE EAST RIDING CONCERT ORCHESTRA CONTENTS Page Trust88s' Report r8POrt Independent examinerfs reF*Xt ststement offinanCi￿ aCtiv￿e8 Balarth sheet Note8 to the financkql Statements THE EAST RIDING CONCERT ORCHESTRA TRUSTEES, REPORT REPORT FOR THE YEAR ENDED 8 JULY 2023 The trustees present fheir annual report and finan(id statem￿8 for the year ended 8 July 2023. The financAal statements have been wepared in s￿ordan￿ ￿th the accounting FK)licies sel out in note 1 to the finanryal ststemenls and comply wth the charitys constitution. the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommer)ded Pra￿1￿ appllcaNe to charities preparing their accounts In accordance with the Finandal Reporbng Stsndard applicable in the UK and Republic of Irdand (FRS 1021" {effective 1 January 20191. Objectlves and actlvltle$ To advance public educab.on in and appr￿latI¢ll of the art and SrAen￿ of music in 811 Its aspeGts in ￿ngSton Upon Hull and East Rlding of Yorkshire Ihrough the wesentation of publ￿ ￿n￿rts. Public b8nefft Th8 trustee5 have paid due regard to guKlance issu&l by the Charity Commissi¢Jn in deciding what ￿ll￿tieS the chanty shr￿Id und@rtake. Actwities The orchestr8 perfomis pU￿1C concerts. Flnanclal r8vlew ResgThès policy It is the policy of the charity that unrestricted funds vthich have not been designated for a spedflc use should be maintained at a level equivalent to bets¥een three and six month's expendilure. The trustses consider that reserves at this level ￿11 ensure that. In the event of a &gnrficant drop In fundirg, they YAII be able to conttnue tho charity's current activities while consideration 1$ given lo ways in which aL*Jitional fvjnds may bo raised. Thls levd of reserve5 has been maintained throughoLrt th8 year. structure, goveinance and managemgnt The trustees who served during the year and up to the date of SIgn8￿re of fhe financk91 statemen15 were.. Mr D Murray MrA Grantham Dr L Meadows The TNstee8' reKKIrt report was approved by the Board ofTNstees. Dr L Moadows Trusteè 13 May 2024 THE EAST RIDING CONCERT ORCHESTRA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EAST RIDING CONCERT ORCHESTRA I report to the t￿￿1868 M my examinallon of the financi￿ statements of The East Rlding Concert Orchestra (the charity) for the year ended 8 July 2023. Responslbllltlgs and bas15 of report As the trustees of the charity you are responsible fci the weparalNJ) of the financial statements in accordance with the requirements ol the CharbtièsAct 2011 (the 2011 Act). I report In resp8ct of my examination of the charitys finan(yal statements carried out under section 145 of the 2011 Act. In carying out my 8xamin81ion I have followed all the applicatrlo Direct￿ given by the Cbarlty Commission under section 145{5){bl of the 2011 ACL Indgpgndent ?xamlnerfs ststèmènt Your attention 1$ drawn to the lact that the charity ha8 prepared financial statements in accordatxe vAth Accounting and ReportirrfJ by Charities preparing thelr aco)unls in atxordance th th8 Flnancial Reportlng Standard applicabl& in the UK and Republlc of Irdand (FRS 1021 in weference to the Accountsng and Reporting by Charftiès.. Statement of Recommended Prac*ce issued on 1 Aprtl 2005 vthlch L8 referred to in 1he extant regulations but has now been 7lhdravm. l understand that this has been done in order fur firbancAal statements to provKle a true and fair view in accordanc8 wllh GenerallyAcGepledAccounting Practice èffethe for repxbng periods beginning on or after1 January 2015. I have completed my examinatKJn. I wnfimi that matters ha￿ come to my 8ttention in con￿¢tion with the exarninalion giving me cause to believe that in any m*erial respect aecounting records were not kept in res￿￿ of the charity as required by sec*on 130 of t￿ 2011 Act,. or the finan￿al statemanls do Mt accord those records., or the financial sktsments do not cAJmply with the applicab￿ requirements Con￿mIng the fc¥m and cort@nt ol accounts set out in the Charities (Accounts and Reports) Regu&tions 2￿8 other than any requirement that tho accounts give a true and fair vi&v which is rnl a matter consKJered as part of an irmlependent examin81ion. I have no concems and have come across rK) ther matt8rs in connethon bwth the examinati￿ tD which atlenuon should be drawn in thls rew)rt In order to enable a prq)er under8tsnding of the finan￿al sialements to ￿ reached. Trevor Rackham Rackham's Accountants Llmll8d 3 Melton Enterprise Park Redclliff Road Melton East Yorkshire HU14 3RS Dated.. 13 May 2024 THE EAST RIDING CONCERT ORCHESTRA STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 8 JULY2023 Unrestricted Unrostrlcted funds funds 2023 2022 In¢oma from.. Donations and18gaaes Charitable activities 47,6e6 16,226 5,656 1,836 Totsl income 63,912 7,492 Expendlture on: Charitablé adtmties 55,697 9,162 Total expendlturo 55,697 9,162 Net Incomel{expenditurg} and mOvem￿t In funds 8,215 (1.670) Reconclllation of fund5'. Fund balances al 9 July 2022 11,670) Fund balanc8s at 8 July 2023 6,545 {1,6701 The stalemenl of financAal aclivlties includes 811 gains and losses rerAJgnised in the year. All income and èxpenditure derfve trom continulw activities. THE EAST RIDING CONCERT ORCHESTRA BALANCE SHEET ASAT8 JULY2023 2023 2022 Motss Current a88ets Cash at bank and in h8nd 10,366 1,649 Credltors: amounts falllng due wlthln one year 10 3,319 Nel current as8etsl(liabllilie81 11.670) Thè lunds of the charlty Unrestricted funds 11,670} 11,670} The finandal statements were approved by the trustees on 13 May 2024 MrAGrantham Trustfjo THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 JULY2023 Accountlng pollcles Charfty InfomatSon Th8 East F￿dIng Concert Orchestra is an Unlrh>)rFK￿at@d charity ￿lS￿red In England and lJ*dle8. 1.1 Accountlng conventlon Thè financAal statements have beer) prepared in acc(wdar￿ the charitls I￿nStitution. th& Chariti8s Act 2011, FRS 102 'The Finanaal Reporting Standard applicable in the UK ar)d Republic of Ireland. fFRS 102.1 and the Charlties SORP "Arrnunting and Rermyting by Charibes.. staterne￿ of Recomrnended Practice appIl￿ble to cha11t￿$ wepariny Imr a￿nIS in aco)rdant￿ V￿th the Financiat Reporting Standard applicable in the UK and Republic of Irdand (FRS 102)- {effectNa 1 January 20191. The charity Is a Public Benefit Entity as defined by FRS 102. The charity has ta￿ advantage of the pmwsions in the SORP for tharitie5 not to prepare a Staldnent ol Cash Flow5. 1.2 Golng concern At the time of appromng the financial statements. the trustees have a reasonable exp8Ctation that the charity has adequate res(￿r￿ to continue in operakn.onal e￿stencE for th8 foreseeable future. Thus the tnAtees continue to adopt the going corhxn basis of aCC￿nI1￿￿ in preparing th8 financAal ststemenls. 1.3 Charltable funds Unrestrlct&1 fund5 are available for use al the disc*etlon of ￿ trustees in furtheran(* of their charÉtabl8 objectives. Reslrfcted funds are subled 10 spedfic conditions by or grantors as lo how they may bè used. The purposes and uses of the r8slricted funds are set out in the notes ID the financial statements. 1.4 Incomo Income is recognised when the charity ￿ legaity entiued to it after any pthmance conditk)ns have been met, tho amounts can b8 Mea￿Jred reliabty, and it is probable that in￿me ￿711 be recelved. Cash donations are recognised on receipL Other donations are rwnised once th8 charity has been notified of the donation, unless perfonnance condibons reqLNre deferral of the amount. Income tax recoverable In relation to donations received under Grfil￿d or deeds of covenant is recognised at the lime of the donation. Legacies are r8coJni5ed ¢Jn rewpl or otherwlse ir the tharity has been notlfied of an impendlng di%tribulion. the amount is knovm, arHd receipt is eX￿￿ed. If the amount is not known, the legaw is treal&d as a contingent assèt. 1.5 Expendltur• Expenditure is recognised once there is a legal or constructive obligab.on to transfer e¢onemic b8nefft lo a third paty. it Is probable that a transfer of economic ￿neffits will requir&J in 8etUfjment, and the amount ol the otAigaton can be measured reliatAy. Expenditure is classified by ￿ts￿ty. Tr costs of each ar8 made up of the lolal of dir&t costs and shared costs, Induding support costs involved in undertaknng each activity- Direct costs attribulat4e lo a siwle activity are allocated dir&*ly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single actiwty are app(￿tE￿ad behveen those act1w￿S on a basis conslslent vith the us8 of resources. Centra staff costs are allocaled on the basls of tim¢ spent, and depreciation charges are allocated on the portion of the asset's Use. THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 JULY2023 Accountlng pollcles {Contlnuedl 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call wrth banks, other short4erm liquid investments original maturities of three monlhs or Jess, and bank overdrafts. Bank overdrafts are shown wlthin borrrphings in cu￿ent liabilrbes. Basle flnanclal assets Basic finanaal assèts, indude deblors and cash and bank balances, are inltially measured at transaction price including transactic￿ costs and are subsequenty carrfed at am¢Jrtised cost using th8 effective Interest method unless the a￿angement constiiules a financiryd transaction, where thè transaction 18 measured al the present value of the flrture re￿pts di$￿)Unted at a market r* of Intere$L Financial asset8 dassmed as recelvable wthin on& year ar8 not amortised. Baslc Ilnanclal IlabAlItI8S BasK financAal liabilitie8, Indudlng ¢Jethtors and bank loans are initi8lly r8cognis8d at transaction prfce unle55 Ihè arrangemant constitutes a financlng transadion: where the debt instrument is measured at the present value of the futu￿ payments discounted al a rnarkel rale of interest. FInar￿la1 liabilities clas8ified as payable wilhln on6 y8ar are not amortised. Income from donatlons and legacles Unrostrlcted Unrestrlctsd funds funds 2023 2022 t)onalions and gifts Grants 28,686 19,otKJ 656 5.000 47,686 5.656 Grants recelvable lor core actfvltles ERYC Do It for Easl Yorkshire Bevertey Town Counal Hull & East Riding Charitabl8 TTUSt ERYC Concert f(K Uk8ine ERYC Sir J Reckitt Other 2,500 2,000 5,000 3,500 3,000 3,000 5,000 19.000 5,000 THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 JULY 2023 Income from charltable actlvltios Unrestrlcted funds 2023 Unrestricted funds 2022 Charltable Ineome Sales 16,226 1,836 Expendlture on Gharjtable actlvliies Charftable Chartiable 8xperiditure expendlture 2023 2022 Dlrect costs Cost of sales Materials Equipment hire Musicians Rent of premises Web hosting Computer hardware Office ￿UIpment Prindng Stslionery Licences and permits Miscellaneous Aulo expenses Accommodalion Advertising Other d)aritable expénditure 150 126 3,831 26,147 1,713 528 305 267 6,697 14 57 1,681 555 45 345 101 12 400 13 401 19,751 1.265 55,497 9,162 Share of support and governance costs (see noto 5 Governance 200 55.697 9.162 Analysls by fund Unwtricted fvr￿s 55,697 9.162 IrKluded ￿thIn Other diaritable expendrture of £19.751 are tharitable donations lo.. The Ukraine Humanitsrian Appe MNDA Hull 16,700 500 THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 JULY2023 Support costs allocatad to actlvltlas 2023 2022 Govemance costs 200 Anatysèd bètweeft: Charitable expendtture 200 Net movement In funds 2023 2022 Tho net movement in tsnds Is stated after charg1￿(¢re￿rtlng)". Fees payable fry the independprt examination of tho charity's fin8no81 8tatemenls 200 Trusl8e8 None of the trl￿teeS (or any persons t£￿￿￿ted Ihem} r￿e1Ved any r￿MuneratIoN or benefits from the eh8dty during the year. Employoes The averaye monthly number of ern￿OYees during the year was". 2023 Number 2022 Number Total Th8re were no empbyees I￿OSe annual remuneratlon was more ihan £60,000. Taxatlon The charty Is exempt from laxauon on its ￿ti￿tieS because 011 its inccrfne Is apK4ied for tharitablè purry)ses. 10 Credltora: amounts falllng due vAthln one year 2023 2022 Trad8 Gr￿lI10r5 Other creditors Accruals and deferred Income 237 3.585 1,202 2,372 {2551 3,822 3,319 THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 8 JULY2023 11 Unrgstrlcted funds The unrestricted funds of the charity comwise the ￿ne￿nded balances of donabons and grants whith are not 8utr4ecl to specific conditi￿$ by donors and grantors as to how they may be used. These indude designaleé fund5 whlch hav8 been set a&de out of unrestricted funds by the trustees for Speci￿ purposes. At 9 July 2022 Incomlng Resources At 8 July 2023 resources expendod Genèral funds {1.6701 63,912 155.6971 6,545 Previous year: At 9 July 2021 Incomlng resources Rewurces At 8 July 2022 expended General funds 7.492 (9.162) 11,670) 12 Rolated party transacllons There were no disclo8abl8 rdated party tr8nsactKJns during the year (2022- rnne). Charity reB55tratk)n number 1195090 THE EAST RIDING CONCERT ORCHESTRA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 JULY 2023 THE EAST RIDING CONCERT ORCHESTRA LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D MuThay MrA Grantham Dr L Meadows Charlty number 1195090 Prlnclpal addres 88 Lairgale Beverfey HU17 8EU Independent &xamlner Trevor Rackham Rackham'sAcci*Jntants ￿Mited 3 Mdton Enterprise Park Reddliff Road Metton East yO￿shIre HU14 3RS THE EAST RIDING CONCERT ORCHESTRA CONTENTS Page Trust88s' Report r8POrt Independent examinerfs reF*Xt ststement offinanCi￿ aCtiv￿e8 Balarth sheet Note8 to the financkql Statements THE EAST RIDING CONCERT ORCHESTRA TRUSTEES, REPORT REPORT FOR THE YEAR ENDED 8 JULY 2023 The trustees present fheir annual report and finan(id statem￿8 for the year ended 8 July 2023. The financAal statements have been wepared in s￿ordan￿ ￿th the accounting FK)licies sel out in note 1 to the finanryal ststemenls and comply wth the charitys constitution. the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommer)ded Pra￿1￿ appllcaNe to charities preparing their accounts In accordance with the Finandal Reporbng Stsndard applicable in the UK and Republic of Irdand (FRS 1021" {effective 1 January 20191. Objectlves and actlvltle$ To advance public educab.on in and appr￿latI¢ll of the art and SrAen￿ of music in 811 Its aspeGts in ￿ngSton Upon Hull and East Rlding of Yorkshire Ihrough the wesentation of publ￿ ￿n￿rts. Public b8nefft Th8 trustee5 have paid due regard to guKlance issu&l by the Charity Commissi¢Jn in deciding what ￿ll￿tieS the chanty shr￿Id und@rtake. Actwities The orchestr8 perfomis pU￿1C concerts. Flnanclal r8vlew ResgThès policy It is the policy of the charity that unrestricted funds vthich have not been designated for a spedflc use should be maintained at a level equivalent to bets¥een three and six month's expendilure. The trustses consider that reserves at this level ￿11 ensure that. In the event of a &gnrficant drop In fundirg, they YAII be able to conttnue tho charity's current activities while consideration 1$ given lo ways in which aL*Jitional fvjnds may bo raised. Thls levd of reserve5 has been maintained throughoLrt th8 year. structure, goveinance and managemgnt The trustees who served during the year and up to the date of SIgn8￿re of fhe financk91 statemen15 were.. Mr D Murray MrA Grantham Dr L Meadows The TNstee8' reKKIrt report was approved by the Board ofTNstees. Dr L Moadows Trusteè 13 May 2024 THE EAST RIDING CONCERT ORCHESTRA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EAST RIDING CONCERT ORCHESTRA I report to the t￿￿1868 M my examinallon of the financi￿ statements of The East Rlding Concert Orchestra (the charity) for the year ended 8 July 2023. Responslbllltlgs and bas15 of report As the trustees of the charity you are responsible fci the weparalNJ) of the financial statements in accordance with the requirements ol the CharbtièsAct 2011 (the 2011 Act). I report In resp8ct of my examination of the charitys finan(yal statements carried out under section 145 of the 2011 Act. In carying out my 8xamin81ion I have followed all the applicatrlo Direct￿ given by the Cbarlty Commission under section 145{5){bl of the 2011 ACL Indgpgndent ?xamlnerfs ststèmènt Your attention 1$ drawn to the lact that the charity ha8 prepared financial statements in accordatxe vAth Accounting and ReportirrfJ by Charities preparing thelr aco)unls in atxordance th th8 Flnancial Reportlng Standard applicabl& in the UK and Republlc of Irdand (FRS 1021 in weference to the Accountsng and Reporting by Charftiès.. Statement of Recommended Prac*ce issued on 1 Aprtl 2005 vthlch L8 referred to in 1he extant regulations but has now been 7lhdravm. l understand that this has been done in order fur firbancAal statements to provKle a true and fair view in accordanc8 wllh GenerallyAcGepledAccounting Practice èffethe for repxbng periods beginning on or after1 January 2015. I have completed my examinatKJn. I wnfimi that matters ha￿ come to my 8ttention in con￿¢tion with the exarninalion giving me cause to believe that in any m*erial respect aecounting records were not kept in res￿￿ of the charity as required by sec*on 130 of t￿ 2011 Act,. or the finan￿al statemanls do Mt accord those records., or the financial sktsments do not cAJmply with the applicab￿ requirements Con￿mIng the fc¥m and cort@nt ol accounts set out in the Charities (Accounts and Reports) Regu&tions 2￿8 other than any requirement that tho accounts give a true and fair vi&v which is rnl a matter consKJered as part of an irmlependent examin81ion. I have no concems and have come across rK) ther matt8rs in connethon bwth the examinati￿ tD which atlenuon should be drawn in thls rew)rt In order to enable a prq)er under8tsnding of the finan￿al sialements to ￿ reached. Trevor Rackham Rackham's Accountants Llmll8d 3 Melton Enterprise Park Redclliff Road Melton East Yorkshire HU14 3RS Dated.. 13 May 2024 THE EAST RIDING CONCERT ORCHESTRA STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 8 JULY2023 Unrestricted Unrostrlcted funds funds 2023 2022 In¢oma from.. Donations and18gaaes Charitable activities 47,6e6 16,226 5,656 1,836 Totsl income 63,912 7,492 Expendlture on: Charitablé adtmties 55,697 9,162 Total expendlturo 55,697 9,162 Net Incomel{expenditurg} and mOvem￿t In funds 8,215 (1.670) Reconclllation of fund5'. Fund balances al 9 July 2022 11,670) Fund balanc8s at 8 July 2023 6,545 {1,6701 The stalemenl of financAal aclivlties includes 811 gains and losses rerAJgnised in the year. All income and èxpenditure derfve trom continulw activities. THE EAST RIDING CONCERT ORCHESTRA BALANCE SHEET ASAT8 JULY2023 2023 2022 Motss Current a88ets Cash at bank and in h8nd 10,366 1,649 Credltors: amounts falllng due wlthln one year 10 3,319 Nel current as8etsl(liabllilie81 11.670) Thè lunds of the charlty Unrestricted funds 11,670} 11,670} The finandal statements were approved by the trustees on 13 May 2024 MrAGrantham Trustfjo THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 JULY2023 Accountlng pollcles Charfty InfomatSon Th8 East F￿dIng Concert Orchestra is an Unlrh>)rFK￿at@d charity ￿lS￿red In England and lJ*dle8. 1.1 Accountlng conventlon Thè financAal statements have beer) prepared in acc(wdar￿ the charitls I￿nStitution. th& Chariti8s Act 2011, FRS 102 'The Finanaal Reporting Standard applicable in the UK ar)d Republic of Ireland. fFRS 102.1 and the Charlties SORP "Arrnunting and Rermyting by Charibes.. staterne￿ of Recomrnended Practice appIl￿ble to cha11t￿$ wepariny Imr a￿nIS in aco)rdant￿ V￿th the Financiat Reporting Standard applicable in the UK and Republic of Irdand (FRS 102)- {effectNa 1 January 20191. The charity Is a Public Benefit Entity as defined by FRS 102. The charity has ta￿ advantage of the pmwsions in the SORP for tharitie5 not to prepare a Staldnent ol Cash Flow5. 1.2 Golng concern At the time of appromng the financial statements. the trustees have a reasonable exp8Ctation that the charity has adequate res(￿r￿ to continue in operakn.onal e￿stencE for th8 foreseeable future. Thus the tnAtees continue to adopt the going corhxn basis of aCC￿nI1￿￿ in preparing th8 financAal ststemenls. 1.3 Charltable funds Unrestrlct&1 fund5 are available for use al the disc*etlon of ￿ trustees in furtheran(* of their charÉtabl8 objectives. Reslrfcted funds are subled 10 spedfic conditions by or grantors as lo how they may bè used. The purposes and uses of the r8slricted funds are set out in the notes ID the financial statements. 1.4 Incomo Income is recognised when the charity ￿ legaity entiued to it after any pthmance conditk)ns have been met, tho amounts can b8 Mea￿Jred reliabty, and it is probable that in￿me ￿711 be recelved. Cash donations are recognised on receipL Other donations are rwnised once th8 charity has been notified of the donation, unless perfonnance condibons reqLNre deferral of the amount. Income tax recoverable In relation to donations received under Grfil￿d or deeds of covenant is recognised at the lime of the donation. Legacies are r8coJni5ed ¢Jn rewpl or otherwlse ir the tharity has been notlfied of an impendlng di%tribulion. the amount is knovm, arHd receipt is eX￿￿ed. If the amount is not known, the legaw is treal&d as a contingent assèt. 1.5 Expendltur• Expenditure is recognised once there is a legal or constructive obligab.on to transfer e¢onemic b8nefft lo a third paty. it Is probable that a transfer of economic ￿neffits will requir&J in 8etUfjment, and the amount ol the otAigaton can be measured reliatAy. Expenditure is classified by ￿ts￿ty. Tr costs of each ar8 made up of the lolal of dir&t costs and shared costs, Induding support costs involved in undertaknng each activity- Direct costs attribulat4e lo a siwle activity are allocated dir&*ly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single actiwty are app(￿tE￿ad behveen those act1w￿S on a basis conslslent vith the us8 of resources. Centra staff costs are allocaled on the basls of tim¢ spent, and depreciation charges are allocated on the portion of the asset's Use. THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 JULY2023 Accountlng pollcles {Contlnuedl 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call wrth banks, other short4erm liquid investments original maturities of three monlhs or Jess, and bank overdrafts. Bank overdrafts are shown wlthin borrrphings in cu￿ent liabilrbes. Basle flnanclal assets Basic finanaal assèts, indude deblors and cash and bank balances, are inltially measured at transaction price including transactic￿ costs and are subsequenty carrfed at am¢Jrtised cost using th8 effective Interest method unless the a￿angement constiiules a financiryd transaction, where thè transaction 18 measured al the present value of the flrture re￿pts di$￿)Unted at a market r* of Intere$L Financial asset8 dassmed as recelvable wthin on& year ar8 not amortised. Baslc Ilnanclal IlabAlItI8S BasK financAal liabilitie8, Indudlng ¢Jethtors and bank loans are initi8lly r8cognis8d at transaction prfce unle55 Ihè arrangemant constitutes a financlng transadion: where the debt instrument is measured at the present value of the futu￿ payments discounted al a rnarkel rale of interest. FInar￿la1 liabilities clas8ified as payable wilhln on6 y8ar are not amortised. Income from donatlons and legacles Unrostrlcted Unrestrlctsd funds funds 2023 2022 t)onalions and gifts Grants 28,686 19,otKJ 656 5.000 47,686 5.656 Grants recelvable lor core actfvltles ERYC Do It for Easl Yorkshire Bevertey Town Counal Hull & East Riding Charitabl8 TTUSt ERYC Concert f(K Uk8ine ERYC Sir J Reckitt Other 2,500 2,000 5,000 3,500 3,000 3,000 5,000 19.000 5,000 THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 JULY 2023 Income from charltable actlvltios Unrestrlcted funds 2023 Unrestricted funds 2022 Charltable Ineome Sales 16,226 1,836 Expendlture on Gharjtable actlvliies Charftable Chartiable 8xperiditure expendlture 2023 2022 Dlrect costs Cost of sales Materials Equipment hire Musicians Rent of premises Web hosting Computer hardware Office ￿UIpment Prindng Stslionery Licences and permits Miscellaneous Aulo expenses Accommodalion Advertising Other d)aritable expénditure 150 126 3,831 26,147 1,713 528 305 267 6,697 14 57 1,681 555 45 345 101 12 400 13 401 19,751 1.265 55,497 9,162 Share of support and governance costs (see noto 5 Governance 200 55.697 9.162 Analysls by fund Unwtricted fvr￿s 55,697 9.162 IrKluded ￿thIn Other diaritable expendrture of £19.751 are tharitable donations lo.. The Ukraine Humanitsrian Appe MNDA Hull 16,700 500 THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 8 JULY2023 Support costs allocatad to actlvltlas 2023 2022 Govemance costs 200 Anatysèd bètweeft: Charitable expendtture 200 Net movement In funds 2023 2022 Tho net movement in tsnds Is stated after charg1￿(¢re￿rtlng)". Fees payable fry the independprt examination of tho charity's fin8no81 8tatemenls 200 Trusl8e8 None of the trl￿teeS (or any persons t£￿￿￿ted Ihem} r￿e1Ved any r￿MuneratIoN or benefits from the eh8dty during the year. Employoes The averaye monthly number of ern￿OYees during the year was". 2023 Number 2022 Number Total Th8re were no empbyees I￿OSe annual remuneratlon was more ihan £60,000. Taxatlon The charty Is exempt from laxauon on its ￿ti￿tieS because 011 its inccrfne Is apK4ied for tharitablè purry)ses. 10 Credltora: amounts falllng due vAthln one year 2023 2022 Trad8 Gr￿lI10r5 Other creditors Accruals and deferred Income 237 3.585 1,202 2,372 {2551 3,822 3,319 THE EAST RIDING CONCERT ORCHESTRA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 8 JULY2023 11 Unrgstrlcted funds The unrestricted funds of the charity comwise the ￿ne￿nded balances of donabons and grants whith are not 8utr4ecl to specific conditi￿$ by donors and grantors as to how they may be used. These indude designaleé fund5 whlch hav8 been set a&de out of unrestricted funds by the trustees for Speci￿ purposes. At 9 July 2022 Incomlng Resources At 8 July 2023 resources expendod Genèral funds {1.6701 63,912 155.6971 6,545 Previous year: At 9 July 2021 Incomlng resources Rewurces At 8 July 2022 expended General funds 7.492 (9.162) 11,670) 12 Rolated party transacllons There were no disclo8abl8 rdated party tr8nsactKJns during the year (2022- rnne).