2023-08-31-accounts - London City Orchestra

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Trustees’ Annual Report for the period

From 1[st] September 2022 Period start date To 31[st] August 2023 Period end date

Charity name: London City Orchestra

Charity registration number: 1197207

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the Society shall be 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.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	During this period, London City Orchestra has put on five public concerts showcasing a range of music, including one concert in association with a choral society.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

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 provides an opportunity for nearly 100 musicians to benefit from making music together, and has put on 5 public concerts, reaching over 750 members of the public. - For each term, the charity has continued to sponsor musicians who would not otherwise have been able to afford to play in the orchestra. - Our concerts have broadened the scope of music available to the public, including a UK premiere, and music by female composers which have been only rarely performed.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	With £5,584.52 in its bank account on 31 August 2023, the London City Orchestra was in a healthy financial position at the end of the period.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The London City Orchestra aims to hold at minimum £2,000 in its reserves at any time. This is to ensure we can pay invoices for musicians, conductors and other people who provide services.
Amount of reserves held	Para 1.22	Minimum of £2,000
Reasons for holding zero reserves	Para 1.22	N/A
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	None. We are strengthening our fundraising activities, increasing member subscriptions and exploring projects such as selling merchandise to boost our income in response to the cost of living crisis.

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	 Member Subscriptions  Concert Ticket Sales  Charitable Donations
Investment policy and objectives including any social investment policy adopted	Para 1.46	None
A description of the principal risks facing the charity	Para 1.46	Rising costs of venue hire and industry standard rates for paying musicians and conductors.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Making Music model constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated association
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	Trustees are elected by members at general meetings of the charity.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	London CityOrchestra
Other name the charity uses
Registered charity number	1197207
Charity’s principal address	B/M London City Orchestra PO BOX 12 LONDON WC1N 3XX

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Thomas Fotheringham	Chair
	Zara Chiu Lea
	Philip Keller
	Pablo Urbina

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) Thomas Fotheringham Full name(s) Thomas Fotheringham

Position (eg Secretary, Chair Chair, etc)

Date

27/06/2024

Charity Name No (if any) London City Orchestra 1197207

Recei ts and a ments accounts p p y

CC16a

For the period from	Period start date 1 September 2022	To	Period end date 31 August 2023

Section A Receipts and payments

to the nearest £ - - 4,592 - - - - - 4,592 - - - 4,592 Restricted funds	to the nearest £ - - - - - - - - - - - - - Endowment funds	Total funds to the nearest £ 16,441 8,242 9,334 - - - - - 34,017 - - - 34,017	Last year to the nearest £
			-
			-
			-
			-
			-
			-
			-
			-
			17,627


			-
			-

4,592	-	34,017	17,627

A3 Payments Conductor fees 7,180 Guestplayer fees 8,399 Venue hire and PRS fees 11,419 Soloist fees 2,432	A3 Payments Conductor fees 7,180 Guestplayer fees 8,399 Venue hire and PRS fees 11,419 Soloist fees 2,432	- - - -	- - - -	7,180 8,399 11,419 2,432
Conductor fees	7,180	-	-	7,180	-
Guestplayer fees	8,399	-	-	8,399	-
Venue hire and PRS fees	11,419	-	-	11,419	-
Soloist fees	2,432	-	-	2,432	-

07/10/2024

Marketing	1,900	-	-	1,900	-
Music hire	1,142	-	-	1,142	-
Event refreshments	1,316	-	-	1,316	-
Miscellaneous	3,025	-	-	3,025	-
	-	-	-	-	-
*Sub total*	36,813	-	-	36,813	21,541

A4 Asset and investment
purchases, (see table)
	-	-		-	-
	-	-		-	-
**Sub total **	-	-		-	-	-

**Total payments **	36,813	-		-	36,813	21,541

**Net of receipts/(payments) **	- 7,388	4,592	-		- 2,796	- 3,914
A5 Transfers between funds	-	-	-		-	-
A6 Cash funds last year end	-	-	-		-	-
**Cash funds this year end **	- 7,388	4,592	-		- 2,796	- 3,914

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds	Details *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ 7,388 - - 7,388 Agreement Error Unrestricted funds Unrestricted funds	to nearest £ - - - - Agreement Error Restricted funds Restricted funds	Endowment funds to nearest £
				-
				-
				-
				-
				OK
				Endowment funds

07/10/2024

B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details Details Details Details Signature	to nearest £ to nearest £ - - Cost (optional) - Cost (optional) - - - Print Name Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £
			-
			Current value (optional)
			-
			Current value (optional)
			-
			-
			When due (optional)


			Date of approval

07/10/2024

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name The London City Orchestra	Charity Name The London City Orchestra	Charity Name The London City Orchestra

31 August 2023	Charity no (if any)	1197207

1-2 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 08 / 2023 .

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation of basis of report the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

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

Signed: Name: Relevant professional qualification(s) or body (if any): Address:		25/06/2024

	Dorothy Lin

	n/a - gross income for Charity is below £250k

	51 Sclater Street
	E16FU
	London, UK

October 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief Nothing to disclose. The accounts are kept in digital format, on a cash basis, and have details of any items sufficient detail for each record. that the examiner wishes to disclose .

October 2018

IER