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|`BournemouthSymphonyOrchestra`
`Annualreportandfinancialstatementsfortheyearended`|`31March20`|
|---|---|
|`Contents`|`PageNo`|
|`Trustees'report`|`4`|
|`Independentauditor’sreport`|`18`|
|`Statementoffinancialactivities(includingincome& expenditureaccount)`|`21`|
|`Balancesheet`|`22`|
|`Cashflowstatement& notes`|`23`|
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## 5 October 2022
##
||||||`Total`||`Total`||
|---|---|---|---|---|---|---|---|---|
|||`Unrestricted`||`Restricted`|`Funds`||`Funds`||
||`Note`|`Funds`||`Funds`|`2022`||`2021`||
|||`£`||`£`|`£`||`£`||
|`Income& endowmentsfrom:`|||||||||
|`Donationsandlegacies`|`1`|`933,126`||`-`|`933,126`||`863,996`||
|`Grants`|`2`|`3,423,710`||`-`|`3,423,710`||`4,296,950`||
|`Incomefromcharitableactivities:`|||||||||
|`Orchestralconcertsandrelatedwork`|`3`|`1,061,374`||`107`|`1,061,481`||`342,954`||
|`Participate`|`3`|`110,219`||`-`|`110,219`||`50,092`||
|`Incomefromothertradingactivities`|`4`|`122,386`||`-`|`122,386`||`97,167`||
|`Investmentincome`|`5`|`19,752`||`-`|`19,752`||`17,100`||
|`Totalincome`||
`5,670,567`|
|
`107`|
`5,670,674`|
|
`5,668,258`|
|
|`Expenditureon:`|||||||||
|`Costsofraisingfunds:`|||||||||
|`Commercialtradingoperations`|`6`|`338,942`||`-`|`338,942`||`302,996`||
|`Expenditureoncharitableactivities:`|||||||||
|`Orchestralconcertsandrelatedwork`|`7`|`5,207,446`||`26,199`|`5,233,645`||`4,000,427`||
|`Education`|`7`|`310,902`||`-`|`310,902`||`236,244`||
|`Otherexpenditure:`|||||||||
|`Totalexpenditure`||
`5,857,290`|
|
`26,199`|
`5,883,489`|
|
`4,539,666`|
|
|`Net(expenditure)/incomebeforetax`||`(186,723)`||`(26,092)`|`(212,815)`||`1,128,592`||
|`Taxreceivable`||`589,543`||`-`|`589,543`||`138,271`||
|`Netincomeaftertaxbeforeinvestment`|||||||||
|`gains/(losses)`||`402,820`||`(26,092)`|`376,728`||`1,266,863`||
|`Netgainsoninvestments`||`42,770`||`-`|`42,770`||`265,478`||
|`Netincomefortheyear`||
`445,590`|
|
`(26,092)`|
`419,498`|
|
`1,532,341`|
|
|`Transfersbetweenfunds`|`20`||`-`|`-`||`-`||`-`|
|`Netmovementinfunds`||
`445,590`|
|
`(26,092)`|
`419,498`|
|
`1,532,341`|
|
|`Reconciliationoffunds:`|||||||||
|`Totalfundsbroughtforward`||`4,564,770`||`115,260`|`4,680,030`||`3,147,689`||
|`Totalfundscarriedforward`||
`5,010,360`|
|
`89,168`|
`5,099,528`|
|
`4,680,030`|
|
##
|`Fortheyearend`|`ed31Ma`|`rch2022`||
|---|---|---|---|
||`Note`|`2022`|`2021`|
|||`£`|`£`|
|`Fixedassets`||||
|`Tangibleassets`|`14`|`491,083`|`504,042`|
|`Investments`|`15`|
`1,696,171`|
`1,654,698`|
|||
`2,187,254`|
`2,158,741`|
|`Currentassets`
`Stock`
`Debtors`|`16`|`834`
`895,974`|`838`
`457,093`|
|`Cashatbankandinhand`||
`2,798,716`|
`2,906,181`|
|||
`3,695,524`|
`3,364,113`|
|`Liabilities`||||
|`Creditors:amountsfallingduewithinoneyear`|`17`|`(778,706)`|`(831,881)`|
|`Netcurrentassets`||
`2,916,818`|
`2,532,231`|
|||
`5,104,072`|
`4,690,972`|
|`Creditors:amountsfallingdueaftermorethanoneyear`
`Financeleases`||
`(4,544)`|
`(10,942)`|
|`Netassets`||
`5,099,528`|
`4,680,030`|
|`Funds`||||
|`Unrestrictedfunds:`||||
|`Generalunrestricted`
`GeneralunrestrictedBSOET`|`20`|`4,331,550`
`678,810`|`3,865,961`
`698,810`|
|||
`5,010,360`|
`4,564,771`|
|`Restrictedfunds:`
`Restricted`||`89,168`|`115,260`|
|`Totalfunds`||
`5,099,528`|
`4,680,030`|
##
|`Cashusedinoperatingactivities:`
`Taxationreceived`
`Netcashusedinoperatingactivities`|`Note`
`1`|
`2022`
`£`
`(145,809)`
`89,869`
`(55,940)`|
`2021`
`£`
`1,219,108`
`688,318`
`1,907,426`|
|---|---|---|---|
|`Cashflowsfrominvestingactivities:`||||
|`Interestincome`||`267`|`285`|
|`Proceedsfromthesaleofplantandequipment`||||
|`Purchaseofplantandequipment`
`Dividendreceivedoninvestments`||`(49,861)`
`6,523`|`(50,407)`
`4,498`|
|`Netcashprovidedbyinvestingactivities`||
`(43,071)`|
`(45,624)`|
|`Cashflowsfromfinancingactivities:`||||
|`Capitalelementofleaserepaid`||`(8,454)`|`(14,049)`|
|`Increaseincashandcashequivalentsintheyear`||
`(107,465)`|
`1,847,752`|
|`Cashandcashequivalentsatthebeginningoftheyear`
`Cashandcashequivalentsattheendoftheyear`||
`2,906,181`
`2,798,716`|
`1,058,428`
`2,906,181`|
|`1.Reconciliationofnetincometonetcashflowfrom`||||
|`operatingactivities`||||
|`Notestothecashflowstatement`||||
|`Netincomefortheyear`||`2022`
`£`
`419,498`|`2021`
`£`
`1,532,341`|
|`Adjustmentsfor:`||||
|`Depreciationcharges`
`Investmentmanagementcosts`
`(Gains)/lossesoninvestments`
`Interestincome`
`Taxreceipt`||`62,821`
`14,260`
`(42,770)`
`(19,752)`
`(589,543)`|`75,624`
`11,849`
`(265,478)`
`(17,100)`
`(138,271)`|
|`Loss(profit)onsaleoffixedassets`||||
|`Decreaseinstocks`
`Decreaseindebtors`
`Decreaseincreditors`
`Netcashusedinoperatingactivities`||
`4`
`60,792`
`(51,119)`
`(145,809)`|
`139`
`136,935`
`(116,932)`
`1,219,108`|
|`2.Analysisofcashandcashequivalents`||`2022`
`£`|`2021`
`£`|
|`Cashinhand`||||
|`Totalcashandcashequivalents`||
`2,798,716`
|
`2,906,181`
|
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##
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Donations`|`498,994`|`671,232`|
|`Legacies`|`116,384`|`46,915`|
|`Membershipsubscriptions`|`82,272`|`67,514`|
|`Donatedservicesandfacilities`|`28,959`|`9,075`|
|`Grants(T&F)`|`206,517`|`69,261`|
|`Total`|
`933,126`|
`863,996`|
##
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`ArtsCouncilEngland— corefunding`|`2,601,798`|`2,601,798`|
|`OtherGrants`|`333,720`|`367,683`|
|`FurloughIncome`|`488,192`|`1,327,469`|
|`Total`|
`3,423,710`|
`4,296,950`|
|`ncomefromcharitableactivities`|||
||`2022`|`2021`|
||`£`|`£`|
|`Orchestralconcertsandrelatedwork:`|||
|`Ticketsales`|`786,619`|`293,042`|
|`Engagementfees`|`133,952`|`-`|
|`Recordingfees`|`118,737`|`22,143`|
|`Programmesales`|`9,800`|`708`|
|`Otherincome`|`12,374`|`27,060`|
|`Total`|
`1,061,481`|
`342,954`|
|`Participate:`|||
|`Communitymusic`|`35,675`|`11,860`|
|`Children& YoungPersons`|`74,544`|`38,232`|
|`Total`|
`110,219`|
`50,092`|
##
##
##
|||`2022`|`2021`|
|---|---|---|---|
|||`£`|`£`|
||`Saleofmerchandise`|`6`|`-`|
||`Sponsorship`|
`122,380`|
`97,167`|
||`Total`|
`122,386`|
`97,167`|
|`5.`|`Investmentincome`|||
|||`2022`|`2021`|
|||`£`|`£`|
||`Coutts& Co`|`12,963`|`12,317`|
||`Ruffer`|`6,523`|`4,498`|
||`BankInterest`|
`266`|
`285`|
||`Total`|
`19,752`|
`17,100`|
||`Direct`|`Other`|`Governance`|`Other`|||
|---|---|---|---|---|---|---|
||`Staff`|`Direct`|`Support`|`Support`|`Total`|`Total`|
||`Costs`|`Costs`|`costs`|`costs`|`2022`|`2021`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Costsofraisingfunds`|`246,553`|`33,436`|`1,023`|`43,670`|`324,682`|`291,147`|
|`Investmentmanagementcosts`|`-`|`14,260`|`-`|`-`|`14,260`|`11,849`|
|
`Total`|
`246,553`|
`47,696`|
`1,023`|
`43,670`|
`338,942`|
`302,996`|
|`xpenditureoncharitableactivities`|||||||
||`Direct`|`Other`|`Governance`|`Other`|||
||`Staff`|`Direct`|`Support`|`Support`|`Total`|`Total`|
||`Costs`|`Costs`|`costs`|`costs`|`2022`|`2021`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Orchestralandrelatedwork`|`3,227,540`|`1,283,969`|`16,535`|`705,601`|`5,233,645`|`4,000,427`|
|`Participate`|`229,063`|`39,008`|`981`|`41850`|`310,902`|`236,244`|
|
`Total`|
`3,456,603`|
`1,322,977`|
`17,516`|
`747,451`|
`5,544,547`|
`4,236,671`|
|`nalysisofgovernanceandsupportcosts`|||||||
||||`Direct`||||
||||`Staff`||`Total`|`Total`|
||||`Costs`|`Overheads`|`2022`|`2021`|
||||`£`|`£`|`£`|`£`|
|`Governancecosts`|||`-`|`18,539`|`18,639`|`17,363`|
|`Finance,HRandIScosts`|||`187,516`|`158,231`|`345,747`|`301,929`|
|`Managementcosts`|||`168,809`|`13,133`|`181,942`|`165,149`|
|`Premisesandofficecosts`|||`-`|`263,432`|`263,432`|`207,059`|
|`Total`|||
`356,325`|
`453,335`|
`809,660`|
`691,501`|
##
##
||`2022`|`2021`|
|---|---|---|
|`Netincomefortheyearisstatedaftercharging:`|`£`|`£`|
|`Depreciation`|`62,821`|`75,624`|
|`Auditor'sremuneration:`|||
|`Auditfees`|`16,500`|`15,500`|
|`Non-auditfees`|`-`|`-`|
|`Operatingleaserentals:`|||
|`Plantandmachinery`|`16,490`|`18,363`|
|`Otheroperatingleases`|`2,909`|`2,909`|
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Salariesandwages`|`2,698,036`|`2,682,048`|
|`Socialsecuritycosts`|`273,754`|`262,501`|
|`Pensioncosts`|`285,953`|`259,162`|
|`Freelanceandothercosts`|`801,737`|`362,483`|
|`Total`|
`4,059,481`|
`3,566,195`|
|`Thenumberofstaffpaidover£60,000duringtheyearwas:`|||
||`2022`|`2021`|
||`No.`|`No.`|
|`£60,001`
`-£70,000`|`1`|`1`|
|`£120,001`
`-£130,000`|`1`|`1`|
||`2022`|`2021`|
|---|---|---|
||`No.`|`No.`|
|`Orchestra`|`51`|`53`|
|`Officeandmanagement`|`38`|`37`|
|`Total`|
`89`|
`90`|
##
##
|`uthoritiestofundtheartisticandtheatricalprogrammeo `|`ftheOrchestraasfollows:`|||
|---|---|---|---|
||`2022`||`2021`|
||`£`||`£`|
|`ArtsCouncilEngland— corefunding`|`2,601,798`||`2,601,798`|
|`BCPCouncil`|`273,720`||`273,720`|
|`DorsetCouncil`|`20,000`||`68,963`|
|`PortsmouthCityCouncil`|
`25,000`|
|
`25,000`|
|`Total`|
`2,920,518`|
|
`2,969,481`|
|`axation`||||
||`2022`||`2021`|
||`£`||`£`|
|`OrchestraTaxRelief`||||
|`Taxcreditdue`|`603,627`||`103,953`|
|`Adjustmentinrespectofprioryears`|`(6,084)`||`44,508`|
||
`597,543`|
|
`148,461`|
|`CorporationTax`||||
|`Taxontaxableincomefortheyear`|`(8,000)`||`(10,190)`|
|`Adjustmentinrespectofprioryears`||
`-`||
||
`(8,000)`|
|
`(10,190)`|
|`Nettaxreceivablefortheyear`|
`589,543`|
|
`138,271`|
##
##
||`Long`||`Fixtures,`||||||
|---|---|---|---|---|---|---|---|---|
||`Leasehold`||`computers& `|`Motor`|||||
||`Buildings`||`equipment`|`~~Vehicles`||`Instruments`||`Total`|
||`£`||`£`|`£`||`£`||`£`|
|`Costb/f1 April2021`
`Additionsintheyear`
`Disposalsintheyear`|`300,000`|
`-`
`-`|`503,543`
`48,882`
`(16,965)`|`8,775`
`979`|
`-`|`325,636`|
`-`
`-`|`1,137,954`
`49,861`
`(16,965)`|
|
`Costc/f31March2022`|
`300,000`|
|
`535,460`|
`9,754`|
|
`325,636`|
|
`1,170,850`|
|`Dep'nb/f1 April2021`|`15,254`||`379,144`|`8,775`||`230,738`||`633,911`|
|`Chargefortheyear`
`Eliminatedondisposal`|`5,085`|
`-`|`51,769`
`(16,965)`|`130`|
`-`|`5,837`|
`-`|`62,821`
`(16,965)`|
|
`Dep'nc/f31March2022`|
`20,339`|
|
`413,948`|
`8,905`|
|
`236,575`|
|
`679,767`|
|
`NBV01/04/2021`|
`284,746`|
|
`124,399`|||
`94,898`|
|
`504,042`|
|
`NBV31/03/2022`|
`279,661`|
|
`121,512`
|
`849`
|
|
`89,061`
|
|
`491,083`|
##
##
||`Coutts`|`Ruffer`|`Quilter`|`2022`|`2021`|
|---|---|---|---|---|---|
||`£`|`£`|`£`|`£`|`£`|
|`Carryingvalue(marketvalue)at`||||||
|`beginningofyear`|`885,220`|`769,478`|`-`|`1,654,698`|`1,388,752`|
|`Additionstoinvestmentsatcost`|`369,847`|`285,026`|`1,618,565`|`2,273,438`|`836,367`|
|`Disinvestmentproceeds`|`(899,184)`|`(719,381)`|`-`|`(1,618,565)`|`-`|
|`Disposalproceeds`|`(354,724)`|`(208,699)`|`-`|`(563,423)`|`(831,912)`|
|`Net(loss)/gainonrevaluation`|`7,363`|`25,820`|`9,587`|`42,770`|`265,477`|
|`Utilisationofcashaccount`|`(8,522)`|`(84,225)`|`-`|`(92,747)`|`(3,986)`|
|`Carryingvalue(marketvalue)at`|||
|
|
|
|`endofyear`|`-`|`68,019`|`1,628,152`|`1,696,171`|`1,654,698`|
|`Historicalcost`||||||
|`Cash`|`-`|||`-`|`7,737`|
|`Managedfunds`
`-Coutts`|`-`|||`-`|`776,365`|
|`Managedfunds`
`-Ruffer`||`58,017`||`58,017`|`654,250`|
|`Managedfunds`
`-Quilter`|||`1,618,565`|`1,618,565`|`-`|
|`Total`|
`-`|
`58,017`|
`1,618,565`|
`1,676,582`|
`1,438,352`|
||`Coutts`|`Ruffer`|`Quilter`|`2022`|`2021`|
|`AnalysisofInvestments`|`£`|`£`|`£`|`£`|`£`|
|`Listedinvestments`|`-`|`68,019`|`728,968`|`796,987`|`1,562,698`|
|`Cash`|`-`|`-`|`899,184`|`899,184`|`92,000`|
|||`68,019`|`1,628,152`|
`1,696,171`|
`1,654,698`|
##
||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Tradedebtors`|`51,078`|`7,324`|
|`Otherdebtors`|`-`|`80,101`|
|`Orchestrataxrelief`|`603,627`|`103,953`|
|`Prepayments& advances`|`241,269`|`265,714`|
|`Total`|
`895,974`|
`457,093`|
##
|`Fortheyearen`
`reditors:amountsfallingduewithinoneyear`|`ded31March2022`||
|---|---|---|
||`2022`|`2021`|
||`£`|`£`|
|`Tradecreditors`
`Taxation& socialsecurity`
`Accruals`
`Grantsreceivedinadvance`
`Otherreceiptsinadvance`
`PensionContributions`
`Financelease`|
`199,515`
`78,740`
`119,153`
`68,430`
`279,868`
`26,601`
`6,398`
`778,706`|
`176,336`
`48,322`
`72,545`
`88,355`
`412,864`
`25,003`
`8,454`
`831,881`|
##
|`DeferredincomecomprisesadvanceticketsalesrelatedtoperformancesthatwilltakeplacefromApril— May`
`2022,customercreditbalances,membershipinadvanceanddeferredsponsorshipandtrustsandfoundations`|
|---|
|`income.`
`2022`
`2021`|
|`£`
`£`|
|
`Balanceasat1 April`
`412,864`
`353,624`
`Amountreleasedtoincomeandexpenditureaccount`
`(412,864)`
`(353,624)`
`Amountdeferredinyear`
`279,868`
`412,864`|
|
`Balanceasat31March`
`279,868`
`412,864`|
##
|`Fixedassets`
`Currentassets`|`Restricted`
`Funds`
`2022`
`£`
`51,796`
`37,372`|
|`Unrestricted`
`Funds`
`2022`
`£`
`2,135,458`
`3,658,152`|`Total`
`2022`
`£`
`2,187,254`
`3,695,524`|`Total`
`2021`
`£`
`2,158,741`
`3,364,352`|
|---|---|---|---|---|---|
|`Currentliabilities`||`-`|`(783,250)`|`(783,250)`|`(843,062)`|
|`Total`|
`89,168`|
|
`5,010,360`|
`5,099,528`|
`4,680,030`|
##
##
||`At1 April`
`2021`|`Incoming`
`Resources`|`Outgoing`
`Resources`||`Investment`
`Gains/`
`(Losses)`||`Transfer`
`Between`
`Funds`|`At`
`31`
`~~March`
`2022`|
|---|---|---|---|---|---|---|---|---|
||`£`|`£`|`£`||`£`||`£`|`£`|
|`RestrictedFunds`|||||||||
|`ConstantinoSilvestriWillTrust`
`JeffreyMachin`|`7,448`
`64,348`|`107`
`-`|`(107)`
`(20,000)`|
||`-`
`-`|`-`|`7,448`
`44,348`|
|`PianoFund`|`43,464`|`-`|`(6,092)`|||`,`|`-`|`37,372`|
|`Totalrestrictedfunds`|
`115,260`|
`107`|
`(26,199)`|
|
|
|
`-`|
`89,168`|
|`Unrestrictedfunds`|||||||||
|`Designated:`|||||||||
|`DigitalStudiosolution`
`NewLift`
`NewTruck`|`100,000`
`200,000`
`250,000`|`-`
`»`
`-`||`-`
`>`
`-`||`-`
`-`
`-`|`-`
`-`
`-`|`100,000`
`200,000`
`250,000`|
|`Total`|
`550,000`|
`-`|
|
`-`|
|
`-`|
`-`|
`550,000`|
|`Unrestricted:`|||||||||
|`Generalunrestricted`|`3,315,960`|`6,260,110`|`(5,857,290)`||`42,770`||`~~20,000`|`3,781,550`|
|`GeneralunrestrictedBSOET`
`Total`|
`698,810`
`4,014,770`|
`-`
`6,260,110`|
`(5,857,290)`|
`-`
|
`42,770`|
`-`
|
`(20,000)`
`-`|
`678,810`
`4,460,360`|
|`TotalUnrestrictedFunds`|
`4,564,770`|
`6,260,110`|
`(5,857,290)`|
|
`42,770`|
|
`-`|
`5,010,360`|
|`TotalFunds`|
`4,680,030`
|
`6,260,217`
|
`(5,883,489)`
|
|
`42,770`
|
|
`-`
|
`5,099,528`
|
##
##
|`.Movementinfunds(contin`|`ued)`|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||`Transfer`|`At`
`31`|
||`At1April`
`2020`||`Incoming`
`Resources`|`Outgoing`
`Resources`|`Investment`
`(Losses)`|||`Between`
`Funds`|`March`
`2021`|
||`£`||`£`|`£`||`£`||`£`|`£`|
|`RestrictedFunds`||||||||||
|`ConstantinoSilvestriWill`
`Trust`
`JeffreyMachin`
`PianoFund`
`DigitalProject`
`Totalrestrictedfunds`|
`7,448`
`64,348`
`45,224`
`2,686`
`119,706`|
|
`104`
`-`
`-`
`-`
`104`|
`(104)`
`-`
`(1,760)`
`(2,686)`
`(4,550)`|
|
|
`-`
`:`
`-`
`-`
`-`|
`-`
`-`
`-`
`-`
`-`|
`7,448`
`64,348`
`43,464`
`-`
`115,260`|
|`Unrestrictedfunds`||||||||||
|`Designated:`
`DigitalInfrastructure`
`Lift`
`Truck`
`Total`|
|
`-`
`-`
`-`
`-`|
`-`
`-`
`-`
`-`|
`-`
`-`
`-`
`-`|
|
|
`-`
`-`
`-`
`-`|
`100,000`
`200,000`
`250,000`
`550,000`|
`100,000`
`200,000`
`250,000`
`550,000`|
|`Unrestricted:`
`Generalunrestricted`
`GeneralunrestrictedBSOET`
`Total`|
`2,329,173`
`698,810`
`3,027,983`|
|
`1,536,787`
`-`
`1,536,787`|
`-`
`-`
`-`|
|
|
`-`
`-`
`-`|
`(550,000)`
`-`
`(550,000)`|
`3,315,961`
`698,810`
`4,014,771`|
|`TotalUnrestrictedFunds`|
`3,027,983`|
|
`1,536,787`|
`-`|
|
|
`-`|
`-`|
`4,564,771`|
|`TotalFunds`|
`3,147,689`|
|
`1,536,891`|
`(4,550)`|||
`-`
|
`-`
|
`4,680,030`
|
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||`Total`||
|---|---|---|---|---|---|---|
|||`Unrestricted`||`Restricted`|`Funds`||
||`Note`|`Funds`||`Funds`|`2021`||
|||`£`||`£`|`£`||
|`Income& endowmentsfrom:`|||||||
|`Donationsandlegacies`|`2`|`863,996`||`-`|`863,996`||
|`Grants`|`3`|`4,296,950`||`-`|`4,296,950`||
|`Incomefromcharitableactivities:`|||||||
|`Orchestralconcertsandrelatedwork`|`4`|`342,850`||`104`|`342,954`||
|`Participate`|`4`|`50,092`|||`50,092`||
|`Incomefromothertradingactivities`|`5`|`97,167`|||`97,167`||
|`Investmentincome`|`6`|`17,100`
|
|`-`
|`17,100`
|
|
|`Totalincome`||`5,668,154`
|
|`104`
|`5,668,258`
|
|
|`Expenditureon:`|||||||
|`Costsofraisingfunds:`|||||||
|`Commercialtradingoperations`|`7`|`302,996`|||`302,996`||
|`Expenditureoncharitableactivities:`|||||||
|`Orchestralconcertsandrelatedwork`|`8`|`3,995,877`||`4,550`|`4,000,427`||
|`Education`|`8`|`236,244`||`-`|`236,244`||
|`Otherexpenditure:`|||||||
|`Totalexpenditure`||`4,535,116`
|
|`4,550`
|`4,539,666`
|
|
|`Net(expenditure/incomebeforetax`||`1,133,038`||`(4,446)`|`1,128,592`||
|`Taxreceivable`||`138,271`||`-`|`138,271`||
|`Netincomeaftertaxbeforeinvestment`|||||||
|`gains/(losses)`||`1,271,309`||`(4,446)`|`1,266,863`||
|`Net(losses)/gainsoninvestments`||`265,478`
|
|`-`
|`265,478`
|
|
|`Netincomefortheyear`||`1,536,787`
|
|`(4,446)`
|`1,532,341`
|
|
|`Transfersbetweenfunds`|`20`||`-`
|`-`
||`-`
|
|`Netmovementinfunds`||`1,536,787`
|
|`(4,446)`
|`1,532,341`
|
|
|`Reconciliationoffunds:`|||||||
|`Totalfundsbroughtforward`||`3,027,983`
|
|`119,706`
|`3,147,689`
|
|
|`Totalfundscarriedforward`||`4,564,770`
|
|`115,260`
|`4,680,030`
|
|