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2025-01-31-accounts

Trustees’ Annual Report

for the period

1 January 2024 to 31 December 2024

Charity Name: Phoenix Saxophone Orchestra CIO Charity registration number: 1196946

Page 1

Objectives and activities

The objects of Phoenix Saxophone Orchestra CIO are to advance, improve, develop and maintain public education in, and appreciation of, the art and science of music in all its aspects by any means the trustees see fit, including through the presentation of public concerts and recitals.

Our mission is to enjoy, celebrate and advance the art of music, for our members, our community and our audiences.

This involves:

The charity’s Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

Throughout the reporting period, Phoenix Saxophone Orchestra (PSO/the Charity/the Orchestra) has ably fulfilled its objectives (of advancing, improving, developing and maintaining the public’s appreciation of music) and has contributed to the financial resources of charities by the following activities.

Page 2

Financial review

Additional information

The Charity’s principal income is its members’ subscriptions, followed by income from concerts, workshops and any donations. The Charity has lost some members and gained new members during the reporting period, with the net impact being an increase to 16 performing members as at 31 December 2024.

The Charity’s principal costs are the cost of rehearsal venue and Musical Director fees.

The primary risk faced by the Charity is loss of income due to loss of members (for which there are many potential causes relating to work, health, and family demands). The second risk faced by the Charity is a knock-on impact of a loss of members – namely finding new members of an appropriate playing standard and who fit in with a small ensemble so the Charity can continue performing its repertoire to its current high standards.

Structure, governance and management

Phoenix Saxophone Orchestra CIO was established on 6 December 2021.

Phoenix Saxophone Orchestra is a charitable incorporated organisation (CIO) and is governed by a constitution (Association Model).

Reference and administrative details

Page 3

Charity name: Phoenix Saxophone Orchestra CIO

Registered charity number: 1196946

Principal address: 14, Church Lane, Long Clawson, Melton Mowbray LE14 4ND

Charity trustees:

Declaration

The Trustees declare that they have approved the Trustees’ report above.

Signed on behalf of the Charity’s trustees

Name

Position

Date

Page 4

Summary – Income and Expenditure

1[st] Jan 2024 – 31[st] Dec 2024

2023 2023 2024 2024
Income Expenditure Income Expenditure Balance
Bank Balance 1 Jan 2024 5485.86
JoiningFees 100.00 80.00
Subscriptons 3320.00 2720.00
Performances 2546.00 2985.25
Workshops(1) 1350.00 695.00 690.00 355.80
Musical Director Fees 2178.77 2470.62
Rehearsal Hall Fees 979.50 864.00
Deputes 150.00 360.00
Tour(2) 3584.67 4344.75
MakingMusic(3) 183.24 208.24
Music Purchase 200.49 19.19
Barclays Bank(4) 50.00
Sundries(5) 40.43 155.77 281.77
Totals 10991.10 8887.52 6475.25 4559.62
Bank Balance 31 Dec 2024 7401.49

Notes:

  1. 2023 figure includes deposit for Dan Forshaw workshop Mar 2024

  2. Summary of all transactions relating to the 2023 tour

  3. Membership Fees, Insurance and PRS Fees

  4. Goodwill payment in acknowledgement of the bank’s delay in processing replacement signatory

  5. Including Marketing and Promotion