Chalr's Introdurtlon
It gfves me greai phasfft to intr0th1￿ this yeaf's Tnjslees. Rewi th• East Riding
The pasi year has been (Th of toth arlistic athi6vemeni and financial sl•bilis8ti0n.
Fo[lov￿n9 a period of necessary investrnent arKI recovery. ￿ are FY0￿1 to repryt a
surplus and the rthilth'fVJ of ERCO'S reserves. This twnarcurKI is a testament to the
dedution of our musiclans, SUpp￿ters. aThJ volunteers- arwj to the resilierKe ol liv8
music in our regiffl.
ERCO continues to evolve its 8T*slic ider￿ty wf•le remainiThJ kn to its mission., to bring
Inspiring, higptrqualty ￿Chestral perforn￿￿ to &kfKgnces across East Yorkshire. Fr(xn
our educational with sdmls at Hull City Hall. to the cinematic Vibr￿ of WndoNs
of the W)rfd, to the joy ofThe in Dth2mber- exh ￿rf￿ance has ￿ht
our communty tryathr thrO￿h the pl￿r of musio
I would like to thank my fellow trustees. Musical t*rector, and all those Vh￿ have
supported us throughout tho yew. As we l(N)k thead to oppcKtunities. we remain
Committ￿ to artistic axcellffth. acc8ssitiility, arttj the shared ujbjral lrfe of thè rngon
we serie.
Signed:
Chair of the Trustees
East RidiThJ Concert Ord￿stra

A. Oblecllves and Activitles
The East Rlding CorKert Orchestra (ERCO) exisls to enrlch a￿tural lrfe in East Yorkshire
through INe orchestr81 muslc, educolion, and c(Mnmunty ervJagemenL provide hi
quality public concerts ar*J support musical development thr￿gh collaborations WFlh
Sch￿1$ and arts (Yganlsatims.
. Achlevements and Performance
In the 2024-2025 financial year, ERCO continwd to deliver h[g￿Uallty pubtic aTrJ
educational perf(Ymances, reaching diverse a￿￿nCeS across East Yorkshire.
Key pwfomiartes ir￿￿led.
- 23 April 2￿4- Hull Cty Hall.. Schools in parknwship V4ith St Marfs Collegg,
introduang hundred$ of Year 7 pupils lo live orchestral musi¢.
- 12 Odober 2024- B8verfey Parkway Cinoma: V¥lnd(Ms ofthe V￿rfd. a cinematic
celelxalion of global music feattiring original arrangemerts and a￿llence interaction.
- 7 December 2024- Beverley Pa￿Y Cinema: A hlghly successftA performarKe of
The Snlywman. comlxning film and INe orchestra in a solth(Krt family event.
C Flnanclal Revlew
ERCO Cond￿ed thè fina￿￿al yearv•ith an operatirvj surplus of £6.235. This surplus
was ￿hIeVed through a balanc￿ comtmnation of ticketed events, unrestricted arKI
restricted grant funding. and other incomfrgenerating activities. Key investments
induded musician fees, equipment hire, arKI promotional efforts to support audierce
growlh and culknral (xrtre8Lh.
Notably. the surplus enabl&d ERCO to cjear a brought-forward deficti of £2,809, ending
the period wth a rA)sitive balance of £3.627. This reflects improved finarrial resilience
and provides a moJ8st reserve to supm fvture prts3ramming.
Compared to the previous year (Jul 2(r23- Mar 2024), which recor￿ an operating loss
of £9,153. this represents a significant financial recovery.
D. Reserves Policy
The charity aims to maintain unrestricted reserves equivalent to at least three months of
core operdting costs to ensure finar￿JaI sustainability and resilience against unforeseen
all8nges.
E. Strurture, Governan￿ and Management
ERCO is govemed by 8 Board ofTrustees. ￿1¢h meets regularfy lo oversee ¢)p8rations
and ensure compliance. Day-ttrday management is carried out by the Musical Dire
and Finance Officer in accordance with trLthfr4yroved p)licies.

## **Profit & Loss** 

## The East Riding Concert Orchestra 

Accounting Year 2024/25 

||**Debit**|**Credit**|
|---|---|---|
|**Turnover**||**21,041**|
|Sales||7,542|
|Grants - Non Restricted||8,000|
|Grants - Restricted||5,498|
|**_add_ Other Income**||**4,000**|
|Grant Income||4,000|
|**_less_ Cost of Sales**|**11,984**||
|Equipment Hire|480||
|Musicians|11,504||
|**Gross Profit**||**13,056**|
|**_less_ Administration Expenses**|**6,742**||
|Office Costs|22||
|Web Hosting|752||
|Computer Software|298||
|Printing|297||
|Stationery|42||
|Licenses and Permits|1,590||
|Miscellaneous|13||
|Auto Expenses|428||
|Accommodation|408||
|Advertising and Promotion|1,398||
|Leasing Payments|340||
|Accountancy Fees|387||
|Music Score|278||
|Charitable Donations|142||
|Subscriptions|147||
|Insurance|199||



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|**_less_ Depreciation**|**80**||
|---|---|---|
|Depreciation Charge|80||
|**Operating Profit**||**£6,235**|
|**_less_ Drawings**||**£0**|
|**_less_ Profit & Loss journal entries**||**£0**|
|**Retained Profit this period:**||**£6,235**|
|**Retained Profit brought forward:**||**-£2,609**|
|**Distributable Reserves / Retained Profit carried forward:**||**£3,627**|



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