CAMBRIDGE PHILHARMOMC
TRUSTEES, REPORT AND FINMTCIAL STATEMENTS
For the year ended 31 July 2025
INDEX
Section
Page(s)
Tru5tees' r¢port
Independent Examiner's report
Statement of Financial Activities
Balance Sheet
Not¢s to th¢ fuwicial statements
2to8
io
12to22
Charity DO. 1203360
Page l of 22

Cambrldge Phllharnionlc
Year ended 31 July 2025
Trustees, report
The Trustees present their reprt and financial statements of Cambridge Phil])a￿OniC (th¢"CIO" or
th¢"Ch￿lty,? for the year ended 31 Juty 2025.
Cambridge Phi)harn]onic, charity numb¢r 1203360, was regist¢r¢d with the Charity Commission on
1st June 2023 as a ¢haTitable Incor￿ated organisation forn]ed to continue the activitics of the
Cambrid8¢ Philharmonic So¢ity, clwity number 243290.
On 22 August 2024. the fonner clwity (Cambridge Philbannonic Society) transf¢rred all of its
property to the CIO, Cambridge Phillwmonic. The Charity Con)mi&sion has been asked to close the
Cambridge PhilharmoDiC Society.
Th¢ registered address of the CIO 18 3 The orchard￿ G￿at Shelfrf Cam￿ld8¢, CB22 SAB.
The following w¢r¢ TTh￿tee8 of the CIO on 31 July 2025:
Madc Goodridge
Neil Caplan
Elisabeth Crowe
Elain¢ Fulton
Mari O'Neill
Lynne Mcclure
Edna Murphy
Chris Wykes
Treasurer
Trustees are dected according to the Rules of the Charity. at AGM8 as elected by membw8 or by
existing Tn￿tea4 at trLts m¢¢tings otherwis
The Committee
The Committee runs the activities of the Charity and As accountable to the Trustees. The Con)mitt¢e
comprises the Truste￿, the Principal ConductOTIMu8i¢ DirectOT (Harry Sever) plus elected
volunteers as not￿ below:
Adrienne Jackson
Caroline Courtney
Cl)ristophet Wykes
Concert Co-manager, 0￿heStra Representative
Assistant Secretary- Contracts
Marketing L¢ad (Chris stood downfrom thii
role in October 2025)
Or¢hestra Fixer
Orchestra Secret
Chorus Rq)T¢5entative (Laura stood down
fvm this role in Juty 2025)
Concttt Co.Manager
David Brown
Rael￿e1 Dunlop
Laura Sin)mons
Sarah Sharrock
Pa8¢ 2 of 22

Cambrldge Philharmonlc
Year ended 31 July 2025
Trustees, re￿rt (eoDtinued)
Advlwr8 for th¢ year ended 31 July 2025:
Bankers: HSBC Bank plc. 63-64 St Andrews Street, Carnbridw CB2 3BZ
Independent Examlners: Fairway and Accounting Limited, 11¢ Alma Road, Snettisharn.
Kings Lynn, Enslalld, PE317NY
Page 3 of 22

Cambridge Phllharnionic
Year ended 31 July 2025
Trustees, report (continued)
Chair's Introduelion
The 202¥25 se8son h&8 been a truly rema￿able year for Combridge Pbilharnionio Almost evffy
concert wld OUL and our audience8 responded with warnith and ￿thusiaSM to adventurous
pro8rdniw powerful pthrnwicE4 and projects that pla￿￿ community ut the heart of our worL
This success is the result of thc dedication of m¢mb¢rs and volunteer4 the inspiring l¢ad¢rship
of m￿1¢ Director, Hany Sever. and chon￿ Master, Tom Prin]rosfy and the generosity of fill￿ers,
donors, and parthers who 8har¢ our b¢li¢f in tE¢ transfornwtive Powff of musi
This y¢ar has shown how our obj¢¢tiv¢s ar¢ being r¢aJised - througb inspiring perfornance
innovative collaborations, and projpxts that build bridges across our community.
Harry Sever's artisti¢ direction shaped a season of ambition at￿ variety, combining much-loved
masterpieces with bold new works. Thls balance ensured that our T￿rf0mlanc¢S challenged and
inspkr¢d musicians wbil¢ Off￿Ill￿ audiences a rich and varied musical experienc¢.
The 8¢&w)n included newly compos¢d wo￿. Wynton Marsalis. Hera14 Holler andHalleluiahl and
Jonathan Dove's Odys&ey) both perfoTmed with energy and freshness. We were especially proud to
present a new commission, Rouzbth P8rsa's Concerto for Kamancheh and Orchestra. Festive
¢onc¢rts f¢atured T¢haikovsky's Nutcracker, with a n￿TatOr, and our iMa￿￿atsve family concerts
were built around a space thcm4 desigTh￿ to delight children and adults alike. The season also
included g￿al pillars of th¢ ry¢rtoirfy such as Stravinsky's The Rile of Spring. Beethov¢n's
Siryhony No. 9, Elgar's TheDream ofGemnlius, and Britten's Peter Grimu. The wnsist¢ntly high
level of rnusic-making across this widtrranging pro￿ is t¢stamcnt to th¢ commitment of our
members the leadthip of our Music Direction team.
Collaborationg and Partn¢rshAp$
Collaboration has long been cffltral to the Cambridge Philharnwnic idffltity, and this year w
continued to expand those connections. perforn)an¢e of Elgar's The Dream of Gerontiw with
the University of East Anglia Choir dKp¢lld musi¢al bonds across the re810￿ Jonathan I)ove's
Odyssey brought together sehool choirs 8nd a spe¢iaJly creat￿1 Community Chorus of local re￿get
and sWed the Can)bridge Refugee Re8¢tt1¢ment Campaigo. This project w&8 both artistically
excitin8 and soeially sigaificanL demonstr&inB how music can give voice to shared stories of
journey. b¢longing) and hope. Later in the season, Britten's Peter Grimes was perfornia in
partnership with British Youth Operd as part of th¢ Cambridge Summer Music F¢stival at SalTron
H811 and London's Cadogan Hall. This collaboration not only enriched th¢ production but also
supported the development of young professional sing¢rn.
Page 4 of 22

Cambridge Philharmonle
Year ended 31 July 2025
Trustees, report (continued)
Through these partnerships we showed the pow¢r of music to cDnnect profrssional, amateur, aud
community musi¢ians, md to reach audiences far Iwond our core supw)rters.
Ed￿￿tion 4nd Conlmunity Engagement
Edu￿tiOn and outreach are vital strands of oura¢tiVity. This year w¢ were fortunate to secure support
from the Py¢ Foundation and the Garfield Weston Foundation, enabling us to bring high-quality
music-making into schools. With school budgets under increasing pres$ur¢ opN)rtLmities for young
people to ¢xpeTiCn￿ and participate in live music are becoming ever rarff. Our projects addressed
this g¥ inspiring pupils And nurturing the next generation of ￿rformerS and audienc￿.
Another major highlisht of the y¢ar was the creation of a Community Chorus of re￿get8, most from
Ukraine but also from Hong Kong and Oth￿ counlriu, support￿1 by Cambridge City Council,
BTinging together people from divers¢ backgrounds to sing side by sid¢ with Cambridge
PhiIharnionic members demoijstrated music's unique ability to bulld brAdge4 reduce isolatioffj and
crcats shared joy.
We were also d¢eply grat¢ful to ￿e1ve a substantial legacy from fornier member Bill Parker. His
generosity supported our perfonnanc¢ of The Dream ofGerontiw and will underpin firtber projects
in 2025-26 and beyond. Such legacies provide a lasting impact and remind us of the enduring place
the Cambridge Philhannonic holds in th¢ liv¢s of its MeMb￿S.
Bulldlng Audlenees
The 202£k25 season also saw continued growth in audience numba5 aad engagement. We triall
earlier 4pm starts to concerts, which proved highly successful, Suitingboth many of existing a￿llenC
rn¢mbets and attracting new ones. Marketing innovation was another key factor: our Marketing
Manager, Nikki Goldup, produeed vibrant visual campaigns, inc]uding a short film that brought our
activities to life online and a¢ross social media. Members also play¢d a crucial role iti audience
developmenl invAting friends and family and acting a8 ambassadots for the organisatio
As a rcsult of these efforts we achieved some of the highast attendance in recent years,
improving the financial resilien¢e of Cambridge Pbillwmonic and strengthffling our cultural role in
the city.
Cambridge Philharniotiic's strong artisti¢ progrdmme was matched by sound financial n)anagem¢nt
thrnughout the year. TO￿ inLX)m¢ in 202<25 was £160,136, drawn from a combination of ticket
sales, membership subscription4 grants. donations. and Orchestral Tax Relief. With ahnost every
concert sold OUL earned income frorn perfonnances far ¢x¢¢eded ourbudget. This was complemented
by vital SUp￿rt from trusts and foundations, including the Pye Foundation and the Garfield Weston
Foundation, and Cambridge City Council and anonymo￿8 donors, whose graats underpit)ned our
ucation and outreach projects.
Page 5 of 22

C8mbrldge Philharnionle
Year ended 31 July 2025
Truste¢s' report (continued)
Expenditure for the year st(XMI at £146,501 refj¢¢tins both the scale of our artisti¢ ambition8 and the
inv&gtment n¢dql to deliv¢r bigb-quality perfonnances and community activity. This was in line
with the previous year, taking into a¢count the lega¢y funds rca)￿18￿ in th¢ prwious year. W¢
achieved a SLW)lus of £13,635 rather than th¢ b￿l8¢t￿l £937 deficit (which was based cm more
conservative ticket sales expertations).
A partIC￿adY significant development in 2023-24 was the re¢eiptof a sUbSt￿)ti8I l¢ga¢y from fornier
member Bill Parker. This not only enabled us to stage The Dre(un of Gerontius and Peter Grimes in
202425 at the hW)est artistic level but also provides a foundation for fithre activity in 2025-26 and
beyond. Donations by members given alongside thcir subscriptions. as well as donations by audien¢¢
Dlembers and other indivithials, businasses and organisatioJ)s continued to be a significant SOUTce of
fillther income. The Tru8ttts Continue to regard legacies and philanthr￿¢ giving as essential to
sustsining our long-tcrni financial hcalth and artistic ambitions.
T￿*thIn Status
Camtridge Pbilharnkoni¢ is a regi8ter&l cl)arity and is not subje¢t tr) t&xatio
Inveslment powers
Governol by th¢ CIO Rules which perniit funds to be invested at the discretion of the Tr1￿¢¢8.
Re8erve8
The charitys free r¢s¢rve8 are repreSellt￿ by th¢ g¢neral fund of £102,991 and have Increas￿ from
£67,627. The level of the frec reserves is advised by the Rules of the CIO to b¢ that anjount as to
cover tY￿1ve months, o￿ating expenses. whi¢h the TTUStees regord as a prndent provision.
Risk MaDag¢ment
The Trustees regularly review the princÉpal risks fa¢ing the Organisatio￿ which include the financial
¢h8llenges of rising production costs, the nefyl to apply for Or¢hestral Tax R¢li¢f rdrospectively, and
the need to maintsin and grow audiences in a LThWitive ¢u]tUTal environment. Th¢ Trustees are
satisfied that systems are in pla￿ to mitigate ex￿sUre to suth risks.
Overall, Cambridge Philhannorric ended the fmancial year with a stsble financial positio￿ a strong
base of reserves. and the ￿)nfidenC* to plan ambitious projects for the futur
Page 6 of 22

Cambrldge Philharnionie
Year ended 31 July 2025
Trustees, report (continued)
AeknowledEem¢nts and thanks
Cambridge Philharnioni¢ is sustained by the passioJL skill, and commitment of its members. The
Trustees and Conllnittee are partiC￿2r￿Y grdtehl to those who volunteer their lime and expertise
behind the scen￿, ensuring the smooth running of rehearsals, concerts, and cornm￿ty pmjects. So
many volunteers, in addition to thoK with Committee rol4 are essential to our su(u8s.
We ￿80 extend Siticere thanks to our fimdern, donor8, partners, and audiences. Your sUp￿rt ¢nables
s to pursue ambitio￿$ programming, invest in eth￿ation and community activity. and n￿intain
Cambridg¢ Philharnionic &8 a bea£x)n of high-quality music-making in the region. In particular, we
thank the Pye Foundation, G&￿eld Weston Foundation and Cambridge City Council for SUPPKJrting
our education and community activities. We are grat¢ful to the two anonymous don0￿ who enabled
us to comnussion the Concertofor Kamancheh and Orehestra by Rouzbeb Parsffj 4nd a very special
acknowledgement must go to the late Bill Parker, a long-standing member whose substantial legacy
will support activity across multiple season8. t)onations by other indiv1th￿S are also gratefully
receiv¢d, including anonymous donors WIKJ contribute a monthly gill and those memb¢rs who
)ntribute an additional donation on top of their annual subscription.
Looklng Ahead
The achievements of 2024-25 providea strong fouadation forthe thture. tn202P26 we will eontitiu¢
to balance masterworks with contemporary voices, expand our work with schools and community
group4 and explore new collaborations.
Our goal remains clcar. to share th¢ joy and p)wef of orchestral and choral musi¢ with the widest
possible audienc4 enri¢hing th¢ Cultural life of Cambridg¢ and beyond.
Pa8¢ 7 of22

Cambridge Philharmonlc
Year ended 31 July 2025
Trustees, report (continued)
Objectlves and Publie Benefit statement
Th¢ Charity was ￿blIshed foT the ￿1van¢¢M¢nt of public education in the art and science of music
in particular by giving perfornthnces of choral and instrumentsl music in Cambridge and its environs
to the highest musical standards attaitiabl¢ by its perfonw members. who shall in the Dwin be local
amateur or profe8sionaI mwicians not engag￿ principally in public perfomwice alone. The Charity
h&s continued to give perfomiances of a wide range of choral and InStn￿ental music to Incr￿InglY
high standards and ¢ritical a￿laiM in accordance with the Charity's objectiv¢s. In the exewise of our
powers to tIMt ¢nd w¢ have paid due regard to th¢ publishryl guidan¢¢ from the Charity CoD)mission
on th¢ operation of thc Public Benefit re&￿Irement und¢r the Charities Act 2011.
Stat¢meDt of Trnstees. responsibilities
Law applithle to charities iti England 8nd Wala8 requireg the Tn￿tee8 to prepare financial
$taternents for each financial year which give a t￿￿ and fair view of the charity's fllwicial activities
dwing the year and of its financial position at the end of the year. In preparing these financial
Statements, thc Trustees hav¢ followed best practice and are required to:
l+Xt suitable aLxounting policies and then apply them consistently.
' make judgements and estimates that ar¢ reasonable and prudent.
• state whether applkcable accounting standards and statsments of recommended practice have been
follow￿ subj¢¢t to any material departures th'sclosed and explained in the financial ststem¢nts'
' Prepare the financial statements on a going concern b9sis Unless it Is IIiappTO￿late to assume that
the charity will continue in operation.
The Th￿te¢S ar¢ T¢sFwibl¢ for kceping proper accounting reLth that ate sufficient to show and
explain the clwity's transactions and disclose with reasonable accuracy at &ny time the fmancial
position of the tharlty and which enable them to ensure that the financial statements comply with
applicable law and th¢ Charity's Rules. They ar¢ also responsible for sar¢gu￿1Th8 the assets of the
charity and hcncc for taking T￿￿Onabl¢ step3 for th¢ pr¢v¢ntion and detection of fraud and other
iTregularitie8.
The Trustees declare that they have approved th¢ Tr￿. re￿rt above.
Signed on behalf of the charity's tTh￿eS
M￿k Goodridge (Tnstee,
Pa8e 8 of 22

Cambridge Philharnionic
Year ended 31 July 2025
Ind¢pendent Examiner's report to the trustees of Cambridge Philharmonie
I report on the acwunts of the chaTity for the year ended 31 Ju]y 2025 which are set out on pa8￿ 10
to 22.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMtNER
The tharAty's are responsible for the preparation of th¢ a(￿unt& The charitys trnstees
consid¢rthat an audit is not required ftir this yeftr under section 144(2} of the Charities Act 2011 (the
2011 Act) and that an independent examination is needed. Under Bull¢titi I to the Stst¢mcnt of
Recommended Practice (SORP(FRS102)) the chaTity is not required to incorporate a Cashflow
Statem¢nt in its Financial A￿Unt$.
It is my responsibitity to:
ex&mine the accounts under section 145 of the 2011 Ad.
to follow the procedures laid doMTr in the Genwal Directions given by the Chatity Con)mi&sion
under section 145(5Xb) of the 2011 Act. and
to stat¢ whether particular matters have come to my atte￿ti￿ll.
BASIS OF INDEPENDENT EXAMINER*S REPORT
My examination was carried out in accordance with the G￿eral Direetlons given by the Clwity
conllnisslo￿ An examination includes a review of the accounting records kept by the ¢haTity and a
comparison of the accounts present￿ with those records. It also includes consideration of any
unusual items or disclosures in the ￿CoUnts, and the seeking of explanations from you &s trust¢¢s
concerning any su¢h matters. The prothjures undertaken do not provide all the evId￿Ce that would
be wuired in an audit an4 consequently no opinion 18 given as to whether the ac(x)unts present a
Yrue and fair view, and the report is limit￿ to thi)se rnatt￿S set out in the statement below.
It￿￿PE1yDE￿T EXAMINER'S STATEMENT
In connection with my exarninatso￿ no matter has Coll￿ to my attention:
(l) which giveg me re&8onable cause to believe thal in any material rcspert th¢ following
uirements have not been m¢t:
to keep accounting records in accordance with section 130 of the 2011 Act. and
to prepar¢ aLYA)unts which aLYord with the a¢counting records and to con]ply with the accnunting
requir¢mcnts of thc 2011 Act.
or
(2) to whieh, in my Opinio￿ att¢ntion should be drawn in order to enabl¢ a proper understanding of
the accounts to be reach
Gary Eves, FCCA
For and on behalf of Fairway Tax and Accounling Limited
Indepa]d￿t Examin¢r
ADDRESS., I Ic Alma Roa4 Snettisham, King'8 Lynfy Englan4 PE317NY
Dated ..•.-IO -.IPA%....
Pa8e 9 of 22

Cambridge Philhgrmonlc
Year ended 31 July 2025
Statement of F￿ancIal Actlvltles
(Including Restrletedl
deglgnated
Funds
Total
Totsl
Funds Funds
Funds
2024
Notes
2025
2025
2025
Incoming Resour
generating fimds:
Membership subscriptions
Donations and legacies
35,684
3,602
106,859
1.887
883
35,684
7,423
11,025
3,613 110,472
185
2,072
883
33.H8
48,625
93,086
4.352
Sundry incA)me
Interest
Totsl Ineomlng Resour¢e8
148 915
11
21 160 136
Resourees E￿ended
Charitable adivities:
conC￿t expenditur¢
Other operating costs
GovernanLx costs
104.010
8,341
32,950 136,960
8,341
113,084
5,457
Totsl Resourees Expended
113
51
32
0 14
119741
Net (Deficttysurplus
For The Year
35a64
(21,729)
13,635
60,91M
Tokni funds brougllt forward
Total funds carrled
fonvard
41717 109
102,991
19,988 122,979
109J44
The not&s on pages 12 to 22 forni part of thes¢ financial statements
P488 10 of 22

Cambridge PhI￿ArmOnIC
Year ended 31 July 2025
Balance Sheet
Unrthcted
(Ineludlng
designated)
Fwids
Restrlet¢d
Tot#1
Total
Funds
Funds
2024
Not¢s
2025
2025
2025
Pr¢-CiO
FlxÈd assets
Current a8sets
Debtors
Cash at bank and irt hand
Total current as$ets
23.575
91,019
114A94
23,575
19988 111007
19,988 134J82
41,652
80,431
122,083
Current Ilabilttles
Amounts falling due
within on¢ year
11.(A)3
11.603
12,739
Net current assds
102,991
19988 122,979
109J44
Iyonrycurrent Ilabilides
Amounts falling due
after mor¢ than one year
Net assetsloiabilitses)
102
19 988 122
79
109
Funds
Unrestricted (including
deSI￿ated) fimds
R&8tiicted funds
io
102,991
102,991
67,627
io
19,988
19 988 122 979
102 991
109
Approved by the board of iTustres and signed on its b¢balF.
Mark Goothidge (Trustffj Chair
Dated . 26/111.2c!zs
P4ge 11 of 22

Cambridge Philharnionie
Year ended 31 July 2025
Balance Sheet
The notes on pages 12 to 22 forn) part of these fitjancial statements
Page 12 of 22

Cambridge Philharmonlc
Year ended 31 July 2025
Accounting Policies
l Ae¢ountRng pollcle
a) Compllanee wlth aeeounling standards
These financial statements are prepared in accordanc¢ with applicable a￿Unting standards and thc
Statement of Recommended Practice on Accouuting by chariti￿ (SORP (FRS102)).
The partIc￿&T accounting policies adopted are deSLylb￿ bdow.
b) Ac¢ounthig conventloD
These financial statements a￿ prepared under the historical cost cL)nvention with iterns r￿ogniSed at
cost or transaction value unl¢ss oth¢nvAse stat¢d in the relevant note(s) to th¢se accounts.
These financial 8tstemttAts are prep￿￿1 on an &c￿￿lS basis.
e) Incomlng Resour￿1
Th¢se are included in the StatenLent of Financial Activities (SOFA) when:
the charity becomes entitled to the re80urces'
it is nLor¢ lik¢ly than not that the trust￿$ will receive the resources. and
the monetary value can be medsured with sufficient re]iability.
There has been no Offsetti￿ of assets and liabilities, or )ll￿m¢ and expens&8, unless required or
p¢rniitted by the FRS 102 SORP or FRS 102.
Membership subscriptions income is ¢rediteJJ to income in the year to which th¢ subs¢ription r¢lat¢s.
The total includes Gift Aid rec1￿Med on members, subscrAPtions where eligible.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift
Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition
to the same fund as the initial donation unl&ss the donor or the t¢rnis of the appeal have specified
otb¢rwise.
Grants and donations are only included in the SOFA when tbe general ]nL￿me r¢¢ognition oitaia aTe
met (5.10 to 5.12 FRS102 SORP).
In the c&se of E*rfornwice related grants, ino)me must only be recognised to the extent that the
charity has proviaed the specified goods or s¢rYiccs as entitl¢ment to the wnt only occurs when the
p¢rfon]wic¢ related condition5 are met (5.16 FRS 102 SORP).
Receipt of a legacy must be recognised when it is probable that it will be receiv￿. Receipt ts
nornially probable when:
there has be¢n grant of probat
• the executors have established that there ar¢ sufficient assets in th¢ estate. after sett]ing any
liabilitie4 to pay th¢ legacy: and
any conditions attached to thc legw are either within the control of the charity or hav¢ be
met.
Page 13 of 22

Cambrldge Philbarnionic
Year ended 31 July 2025
Accounting Po]ieies
d) Resoureeg Expended
Expenditure is r￿0g￿ls￿ on an accruals basis as a liability As Incur￿￿. Liabilities are re￿guIS
wh¢r¢ it is more likcly tban not that there is a legal or constiuctive obligation conllnitting the
to pay out resources the amount of the obligation can be measured with reasonable certainty.
ChaTilablc expenditure compiscs those c4)sts inanThl by the charlty in fi￿tberan¢¢ of the charity's
obj¢cttves and represents the c(JSt of goods and servi¢¢s and ancillary trading costs that have be¢n
inatrr¢d iti charitsble activities. It includes both ￿StS that con be allocated dir￿tlY to such activities
and those costs of an Indi￿ nature necessary to support th¢m.
Governance ￿sts include those LX)sts a&8ociated with meeting the constitutional and statutory
requirement of the clwity and include annual Indwd¢nt Examination ftts and ¢o$ts linked to the
strategic management of the chaEity.
As the dwity's aclivities are classified as exempt or non-business activitie8 for thepU￿ of value
addal ta4 the charity is unable to reclaim the value added tax whith it incurs on its purc11￿.
Expenditure in these financial statements is therefore shovm I￿luSive of value added tax.
e) Tanglble fixed 955ets
These are capitsliscd if tlw can be used for more than one ycar, and Lx)st at least £500. They are
valuql at cosL
Provision is made for d¢prrfiation on all tangible fixed a&8¢ts by the straight-line m¢tly)d at rat¢s
calculated to write oty the Lx)sl less the estimated residual valu4 of each awt over its estimated
lif¢.
fj Debtors
Debtors (incluthng trade debtors and loans r￿¢￿vable) are measuml on initial recognition at
scttIem￿t amount aft¢r any trade diwunts or amount advanced by the charity. Subsequently, they
are rneasured at the cash or other consideration expect￿ to be received.
g) Creditors
The charity has creditors which are measur&1 at settlement amounts I￿S any tradc discounts.
h) Provlslon8 for Ilabllities
A liability is measur&1 on recognition tt it&historAcal cost and then subwuently Me&sUr￿l at thebest
eStill￿te of the amount rw4Ui￿i to settle the obligation at the reporting date.
Page 14 of 22

Cambridge Phllbarmonlc
Year ended 31 July 2025
Aeeounthig Policies
i) Fund accounting
General are Un￿strIcted funds which 8re available for use at the discretion of the Trustecs in
furtherance of the genffal objectives of the Charity and which have not been designated for other
purpse5.
Designat￿ fimds comprise unr¢5trACted funds that have been set aside by th¢ Trustets for particular
purposes.
Restrict¢d fimds ar¢ funds which are to be used in ac￿nI&ll¢e with specifi¢ restrictions Impos￿ by
donors or which have been rnised by the Charity forparticularpurwses. The aim and wse ofrestrict￿l
fund4 if any, are s¢t out in the notes to the aco)unts.
Page 15 of 22

Cambridge Phi￿armOnIt
Year ended 31 Juty 2025
2 kn#ly8ts of income
Unrestricted
(Including Restricted
deslgnatsd)
Fullds
Totsl
Totsl
Funds
Funds
Funds
2024
2025
2025
2025
Membersblp subserlptlon8
Subscriptions ftom members
Gift Aid on subscriptions
29,212
29212
28,086
Donatlons and legacfle8
Donations from coox)rdtes
Donations from individuals
(incl mcmbers)
Gift aid on donations
I£gacies
7,423
8,123
2,602
300
2,145
5J70
1,110
300
23
625
Concert kncome
Ticket sal¢s
Programm¢ sales
Payments from mentheLB for
transport
Orchestra Tax Relief
Conwt sponsorship from COTporates
Concut sponsorsTrllP from
1ndivldu￿S
82,762
1,514
968
83,730
1,514
3.635
15,948
5,645
79,401
1.593
1,050
3,635
15.948
3.0(J)
2.645
11,042
106
1111472
Sundry Income
2,730
127
Refreshment sales at reheArsals
Coll￿tion from members for leader
(Paula) and aC￿mpaniSt (Andrew)
Sales of fold¢rs
Friends sch¢m¢ income Oegacy
income from PayPal)
Othw income
85
85
983
983
162
162
87
405
405
496
252
185
185
437
912
52
P￿¢ 16of22

Cambridge Philharnionle
Year ended 31 July 2025
3 Analysts of e￿enditUre
Unrestrlcted
(lllcluding Restrlcted Total
deslgnated)
Funds
Total
Futtd8
FuDds
Fund5
2024
PrtrCJO
2025
2025
2025
Concert Expendlture
Commissions
Auditions
Rehearsal Costs
Musicians & Other Professionals reheaTS
Musicians & Otber Profe&%ionals ¢c￿¢￿ts
IDStruments
Music Rights & Hire
V¢nuc & Staging
Concert Travel
Publieity
Box Offic¢ Costs
Pro￿￿mme$
Misc. Activity costs
1,000
1,000
1,659
1,707 14.629
1,020 23,284
6.885 30.786
135
4.378
5,276 14J53
11,682 18,047
299
7,018
1,350 12,696
1.773
5.601
259
1,564
1,659
12.922
22,264
23,901
4,243
9,077
6,365
6,719
11,346
3,828
1,305
381
1,787
9,249
18,715
30.052
2.933
14,125
15.512
2,311
10.123
5,306
1,594
377
113.08
104,010
32,950
13fj96
Other Operating Costs
Management Fees
Subscriptions
Gifts (retireAnenUleaving)
4,625
1,396
792
157
87
664
216
404
4.625
1.396
792
157
87
3,500
1,330
Banking
Finance Support
Website
Miscellaneous costs
151
78
216
198
200
41
Governance costs
Independent Examinefs f¢¢s
1300
Page 17of22

Cambridge Phill￿rn10nfiC
Year ended 31 July 2025
4 Con¢erts
UJrntrfict¢d
(Includlng
deslgnated)
Restrlcted
Totsl
Total
Funds
Funds
Funds
2024
2025
2025
2025
Prtrao
Incom¢
106,859
(104,010)
2049
3,613
110.472
(32,950) (136,960)
(29J37) (2fy488)
93,086
(I l3,084
EX￿dIt￿re
Surplusl(Deficit) on concttts
(19.998)
5 Remuneratlon
The tharity had no employtts during the year ortheprior year. No remuneration directly orindireclly
out of the funds of the clwity was paid or payable to any Tnts during th¢ yebr or the prior year.
6 Fixed assets
The Charity owns no fix￿ assets. There wffe no additions or disp)sals during the year.
7 Debtor*
Unrestrlcted
(Ancludlng
designatsd)
Funds
Re8tri¢ted
Totsl
Totsl
FDndJ
2025
2025
2025
2024
PrtsCIO
A¢cru&J In￿￿)e- legaci¢8
inc¥m)e. bank inteff8t
Prepayments
Gift Aid on tn¢mb¢rs subs
Gift Aid on donations
OTR for rehe8rsals
OTR for COn￿t inwm¢
Unpaid membership
8ubscriplions
40,￿0
169
1.483
465
6,472
300
6,434
9,514
6,472
434
9,514
390
390
75
23A75
41,652
PaBe 18of22

Cambridge Philharnionic
Year ended 31 July 2025
8 Cash At bank Ind ID hand
Unrestricted
(including
de$ignatsd)
Restrkted
Total
Total
Funds
Fund$
2024
Prtrcio
2025
2025
2025
Short t¢mi dwits
Cash at bank and on hand
55,707
35,312
91,019
55,707
55,3ThJ
54,880
25.551
19,988
19988
111,007
80
9 Credltors and accruals
Unrestrieted
(induding Restrlcted Total
designated)
Funds
Funds Fund8
Funds
2024
2025
2025
2025
Pre-CIO
Apnotlntsfalling due within oneye
Defetred income
- subs and friends income
Defetred income- restrictal grants
2250
2,250
6,(Al
AcoThls
9.353
9,353
11.603
11.603
Amountsfalling th after more than one
Defe￿￿ incom¢
Movanent in def¢rred income falling due after more than one year:
Unrestrirted
(including
designydted)
Funds
Restricted Total
Total
Funds
Fundi
Funds
2024
2025
2025
2025
Pre-cio
Brought forward
15,196
Pa8e 19 of 22

Cambrldge Phlllthrnionie
Year ended 31 July 2025
Amounts adtsl iti the p¢riod
(8.555
Amounts released to income
TranSfe￿¢d to amounts falling due within I
(6,641
CaTried forward
In tb¢ puiod the charity sp¢nt grant in r¢latAon to two projects. Firstly. money from Cambridge
City Council w&8 granted to h¢lp ukraini￿ refuges inte* in Cambridge. A cboir was forn]￿ to
sing tn Jonathan Dove's Odyssey with the Phil chorus, made up of people whose Stat￿ was refi]ge
the majority Ukrainian but aEso from Hong Kong. A total of £2,645 was gTallted and £743 unspent
w&s returned at the Council's request (recorded as miscellaneous costs in the concert record for C6-
note 4). Secondly, the remainder of the multi-year grants from the Pye Foundation and Garfield
Weston was spent on the same concert and a related schools choir evpAt. Half of the legw frorrt
Bill Parker was spent in accordancE with the ternis of the bequ￿t. The money w&8 ￿l0¢￿t￿l for costs
for C4 and C7 and the £19.988 ranaining WAII be allocat￿ in 2025-26.
10 Movement in fundy
2025
Brought
forward
Income
Expens¢8
C8n*d
fonvard
Restricted fiu
Unrestricted fi
Designat￿1 funds
(Jmeral fi￿d9
41,717
11,221
32,950
19,988
2,043
2.043
l(K),948
122 979
148 915
160 136
113
14
51
oi
109
2024 PTrCIO
Brought
forward
Carrled
fibrward
Income
Exp¢n$es
Restricted fi]n(ts
53272
11,555
41,717
Unrdstsicted
D￿ignated fimds
2,043
1043
Gffleral funds
46,397
127,373
108,186
119 741
109
Breakdown of Restrfieted funds
Brought
forvrnrd
Incomv
Exp¢n8e8
Carried
forward
Pyc Foundation
2,0(Xi
Page 20 of 22

Cambrldge PhI￿arni0￿1¢
Yegr ended 31 July 2025
Schools proj¢ct ￿ant moni¢8
Grant from Cambridge City Council
for Refuge conccrt
6.391
6,391
2,645
2,645
IKgacy from the ￿tate of Bill Parker
20,012
19,988
Refugee project comnwsion
1,717
185
41,717
11221
32950
R¢8trllcted fimds
Pye FoundatioD
Thts (again in 2024-25) includes a £2,000 annual donation from the Py¢ Foundation which must be
used for the benefit ofp￿pIC within the CB or PE postal are4 or another area where Pye employecs
were located. This was put towards Core costs of the Charity dwing th¢ y¢ar.
Schools project grant monles
£6,641 of Schools project grant monies w&s carrled forward into 2024-25 and w&8 included withxn
defe￿¢d incom¢ rath￿ than restrict￿ funds. See Note 9 for further details. This was Spent on concert
C6, with £250 Temainitig ID deferred income to covtt final expenses in 2025-26.
Legacy from the estate of Blll Parker
A restrithd legacy of £40,000 was left to the charity in the will of Bill Parker, a fornier long-terni
member of the choTUS and also a genenjus supporter. £20,012 of these fimds were US￿ to support the
concerts C4 and C7, respectively Elgar's Dréam of Geront1￿ and Britten's Peter Grimes. The
remaining £19,988 will be carried fonyard to the Coming 2025-26 Se￿)n as stipulated by the legacy
it should b¢ spent on British choral music. In the Consider￿ opinion of the trustees this may include
commissioning a British choral composer to write a piece for the chorus to p¢rfonn at the workshop
in April￿aY 2026. The tn￿teeS did not wish to 8p¢nd the entire legacy on what are year-to-year
concert costs and will invest halfofth¢ remaining legacy in this comnllssion and in chornl tslenvskills
development- to also be discvssed with the executors of th¢ legacy.
Rehgee project
£1,717 rfflnained at I" August 2024 of donated money (£2,717) towards a refugee project including
a Con￿ and comMi￿10n for a Kamanch¢h concerto by Rouzbeh Parsa in 2023. The work had been
ommissioned with £l,(K(i of this money and the ren￿ining £1,717 W8B 8p¢nt on the Conccrt,
including Rouzbeh's fee for Wro￿1ng. Additional donati¢)ns of £185 w¢r¢ collected on behalf of
the CRRC 8nd pass￿ onto them.
Degignated hnds
Following a generous donation t() the chaTity in the 2018-19 season, the Trust¢¢s designat￿ fi￿dS of
£10,000 to be used in the future development of the organisation. The funds were llnre5trict￿ in
nature the Trustees decidrAI to rtng-fcnc¢ its use to assist with the tracking of futt]re expenditure
rclat¢d to this. The money remains at £2,(M3 and will be used for its ring-fenced PUTpose in 2025-26.
Page21 of 22

Cambridge Plthrnionic
Year ended 31 July 2025
11 Th18tee5' ¢xpeDse8
2D25
Purehased
on behalf of
the cl￿rIty
Thistee name
Posfition
AdiDlnl8tr4tlve
Expenses
Neil Caplan
Total .
Purchased
on behalf of
th¢ Charity
Trnstee name
Position
Total
Admlntstratfve
Expenses
Neil Caplan
Totsl
142
142
142
142
Page 22 of 22