# 

# 

## 



## 

## 

|`Trustees’report`|`4`|
|---|---|
|`Independentauditor’sreport`|`18`|
|`Statementoffinancialactivities(includingincome& expenditureaccount)`|`21`|
|`Balancesheet`|`22`|
|`Cashflowstatement& notes`|`23`|
|`Notestothefinancialstatements`|`24`|





## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 

## 



## 

## 

## 

## 



## 



## 



## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 



## 

## 




## 

## 

## 

## 



## 

## 

## 

## 




## 25 September 2025 



## 

|||||`Total`|`(AsRestated)`|
|---|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Funds`|`TotalFunds`|
||`Note`|`Funds`|`Funds`|`2025`|`2024`|
|||`£`|`£`|`£`|`£`|
|`Income& endowmentsfrom:`||||||
|`Donationsandlegacies`|`{`|`1,430,227`|`-`|`1,430,227`|`1,644,722`|
|`Grants`|`2`|`2,873,146`|`-`|`2,873,146`|`2,920,518`|
|`Incomefromcharitableactivities:`||||||
|`Orchestralconcertsandrelatedwork`|`3`|`2,215,186`|`230`|`2,215,416`|`1,979,626`|
|`Participate`|`3`|`137,397`|`-`|`137,397`|`393,309`|
|`Incomefromothertradingactivities`|`4`|`141,202`|`-`|`141,202`|`134,071`|
|`Investmentincome`|`5`|`118,545`|`-`|`118,545`|`82,252`|
|`Totalincome`||<br> <br>`6,975,703`|<br> <br>`230`|<br> <br>`6,975,933`|<br> <br>`7,154,498`|
|`Expenditureon:`||||||
|`Costsofraisingfunds:`||||||
|`Commercialtradingoperations`|`6`|`474,599`|`-`|`474,599`|`338,845`|
|`Expenditureoncharitableactivities:`||||||
|`Orchestralconcertsandrelatedwork`|`7`|`7,391346`|`14,276`|`7,405,622`|`6,781,957`|
|`Education`|`7`|`638,278`|`-`|`638,278`|`791,412`|
|`Otherexpenditure:`||||||
|`Totalexpenditure`||<br> <br>`8,504,223`|<br> <br>`14,276`|<br> <br>`8,518,499`|<br> <br>`7,912,214`|
|`Net(expenditure)beforetax`||`(1,528,520)`|`(14,046)`|`(1,542,566)`|`(757,716)`|
|`Taxreceivable`||`1,620,273`|`-`|`1,620,273`|`1,395,419`|
|`Netincomeafter taxbefore`||||||
|`investmentgains/(losses)`||`91,753`|`(14,046)`|`77,707`|`637,703`|
|`Net(losses)/gainsoninvestments`||<br>`10,038`|<br>`-`|<br>`10,038`|<br>`170,083`|
|`Net(expenditure)/incomefortheyear`||<br>`101,791`|<br>`(14,046)`|<br>`87,745`|<br>`807,786`|
|`Netmovementinfunds`||<br>`101,791`|<br>`(14,046)`|<br>`87,745`|<br>`807,786`|
|`Reconciliationoffunds:`||||||
|`Totalfundsbroughtforward`||`5,825,667`|`34,498`|`5,860,165`|`5,052,379`|
|`Totalfundscarriedforward`||<br>`5,927,458`<br>|<br>`20,452`<br>|<br>`5,947,910`<br>|<br>`5,860,165`<br>|





## 

|||||`(AsRestated)`||
|---|---|---|---|---|---|
||`Note`||`2025`|`2024`||
||||`£`|`£`||
|`Fixedassets`||`;`||||
|`Tangibleassets`|`14`||`454 292`|`439342`||
|`Investments`|`15`||`1,885,279`|`{833,746`||
||||<br>`2,339,571`|<br>`2,273,088`|<br>|
|`Currentassets`||||||
|`Debtors`|`16`||`2,393,340`|`2,047,936`||
|`Cashatbankandinhand`|||`2,207,667`|`2,462,273`||
||||<br>`4,601,007`|<br>`4,510,209`|<br>|
|`Liabilities`||||||
|`Creditors:amountsfallingduewithinoneyear`|`17`||`(984,436)`|`(923,132)`||
|`Netcurrentassets`|||`3,616,571`|`3,587,077`||
||||<br>`5,956,142`|<br>`5,860,165`|<br>|
|`Creditors:amountsfallingdueaftermorethanoneyear`|||`(8,232)`||`-`|
|`Netassets`||<br>|<br> <br>`5,947,910`|<br> <br>`5,860,165`|<br> <br>|
|`Funds`||||||
|`Unrestrictedfunds:`||||||
|`Designatedunrestricted`|`20`||`450,000`|`450,000`||
|`Generalunrestricted`|`20`||`4'958,648`|`4,776,857`||
|`GeneralunrestrictedBSOET`|||`518,810`|`598,810`||
||||<br>`5,927,458`|<br>`5,825,667`|<br>|
|`Restrictedfunds:`||||||
|`Restricted`|||`20,452`|`34,498`||
|`Totalfunds`||<br>|<br>`5,947,910`<br>|<br>`5,860,165`<br>|<br> <br>|






## 

|||||`(AsRestated)`|
|---|---|---|---|---|
|||`Note`|`2025`|`2024`|
||||`£`|`£`|
|`Cashusedinoperatingactivities:`<br>`Taxationreceived`<br>`Netcashusedinoperatingactivities`||`{`|<br> <br>`(1,645,844)`<br>`1,391,160`<br>`(254,684)`|<br> <br>`(1,084,139)`<br>`1,331,847`<br>`247,708`|
|`Cashflowsfrom investingactivities:`|||||
|`Interestincome`|||`60,304`|`31,139`|
|`Proceedsfromthesaleofplantandequipment`|||||
|`Purchaseofplantandequipment`|||`(57,482)`|`(24,109)`|
|`Dividendreceivedoninvestments`|`-`||||
|`Netcashprovidedbyinvestingactivities`|||<br>`2,822`|<br>`7,030`|
|`Cashflowsfromfinancingactivities:`|||||
|`Capitalelementofleaserepaid`|||`(2,744)`|`(4,544)`|
|`Increaseincashandcashequivalentsintheyear`|||<br> <br>`(254,606)`|<br> <br>`250,194`|
|`Cashandcashequivalentsatthebeginningoftheyear`|||<br> <br>`2,462,273`|<br> <br>`2,212,079`|
|`Cashandcashequivalentsattheendoftheyear`|||<br> <br>`2,207,667`|<br> <br>`2,462,273`|
|`1.Reconciliationofnetincometonetcashflowfrom`|||||
|`operatingactivities`|||||
|`Notestothecashflowstatement`|||||
|||||`(AsRestated)`|
||||`2025`|`2024`|
||||`£`|`£`|
|`Netincomefortheyear`|||`87,745`|`807,786`|
|`Adjustmentsfor:`|||||
|`Depreciationcharges`|||`56,252`|`62,190`|
|`Investmentmanagementcosts`|||`16,750`|`116`|
|`(Gains)/lossesoninvestments`|||`(10,038)`|`(170,083)`|
|`Interestincome`|||`(118,545)`|`(82,252)`|
|`Taxreceipt`|||`(1,620,273)`|`(1,395,419)`|
|`Decreaseinstocks`|||`-`|`834`|
|`Decreaseindebtors`|||`(116,292)`|`(357,392)`|
|`Decreaseincreditors`|||<br>`58,597`|<br>`50,081`|
|`Netcashusedinoperatingactivities`|||<br> <br>`(1,645,844)`|<br> <br>`(1,084,139)`|
|`2.Analysisofcashandcashequivalents`|||`2025`|`2024`|
||||`£`|`£`|
|`Cashinhand`|||||
|`Totalcashandcashequivalents`|||<br>`2,207,667`<br>|<br>`2,462,273`<br>|





## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

|||`(AsRestated)`|
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`Donations`|`577,777`|`531,653`|
|`Legacies`|`506,449`|`779,706`|
|`Membershipsubscriptions`|`90,092`|`92,047`|
|`Donatedservicesandfacilities`|`20,869`|`21,841`|
|`Grants(T&F)`|`235,040`|`219,475`|
|`Total`|<br>`1,430,227`<br>|<br>`1,644,722`<br>|



## 

|||`2025`|`2024`|
|---|---|---|---|
|||`£`|`£`|
||`ArtsCouncilEngland— corefunding`|`2,601,798`|`2,601,798`|
||`OtherGrants`|<br>`271,348`|<br>`318,720`|
||`Total`|<br> <br>`2,873,146`|<br> <br>`2,920,518`|
|`3.`|`Incomefromcharitableactivities`|||
|||`2025`|`2024`|
|||`£`|`£`|
||`Orchestralconcertsandrelatedwork:`|||
||`Ticketsales`|`1,576,359`|`1,338,446`|
||`Engagementfees`|`628,898`|`563,744`|
||`Recordingfees`|`48,160`|`39,523`|
||`Programmesales`|`19,937`|`19,237`|
||`Otherincome`|`2,062`|`18,676`|
||`Total`|<br> <br>`2,275,416`|<br> <br>`1,979,626`|
||`Education:`|||
||`Communitymusic`|`77,852`|`333,216`|
||`Children& YoungPersons`|`59,545`|`60,093`|
||`Total`|<br>`137,397`<br>|<br>`393,309`<br>|





## 

## 

|||||`2025`||`2024`|
|---|---|---|---|---|---|---|
|||||`£`||`£`|
|`Saleofmerchandise`||||`29`||`-`|
|`Sponsorship`||||<br>`141,173`||<br>`134,071`|
|`Total`|||<br>|<br> <br>`141,202`|<br>|<br> <br>`134,071`|
|`vestmentincome`|||||||
|||||`2025`||`2024`|
|||||`£`||`£`|
|`Quilter`||||`58,241`||`51,114`|
|`BankInterest`||||`60,304`||`31,138`|
|`Total`||||<br> <br>`118,545`|<br> <br>|<br> <br>`82,252`|
|`stofraisingfunds`|||||||
||`Direct`|`Other`|`Governance`|`Other`|||
||`Staff`|`Direct`|`Support`|`Support`|`Total`|`Total`|
||`Costs`|`Costs`|`costs`|`costs`|`2025`|`2024`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Costsofraisingfunds`|`348,580`|`56,223`|`1,121`|`51,994`|`457,918`|`338,729`|
|`Investmentmanagementcosts`|`-`|`16,681`|`-`||`16,681`|`116`|
|<br> <br>`Total`|<br> <br>`348,580`|<br> <br>`72,904`|<br> <br>`1,121`|<br> <br>`51,994`|<br> <br>`474,599`|<br> <br>`338,845`|



|||`Other`|`Governance`|`Other`|||
|---|---|---|---|---|---|---|
||`DirectStaff`|`Direct`|`Support`|`Support`|`Total`|`Total`|
||`Costs`|`Costs`|`costs`|`costs`|`2025`|`2024`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Orchestralandrelatedwork`|`4289,220`|`2,207,412`|`18.123`|`840,867`|`7,405,622`|`6,781,957`|
|`Education`|`382,421`|`181,823`|`1,562`|`72,472`|`638,278`|`791,412`|
|`Total`|<br> <br>`4,671,641`|<br> <br>`2,439,235`|<br> <br>`19,685`|<br> <br>`913,339`|<br> <br>`8,043,900`|<br> <br>`7,573,369`|
|`nalysisofgovernanceand`|`supportcosts`||||||
||||`Direct`||||
||||`Staff`||`Total`|`Total`|
||||`Costs`|`Overheads`|<br>`2025`|`2024`|
||||`£`|`£`|<br>`£`|<br>`£`|
|`Governancecosts`|||`-`|`20,806`|<br>`20,806`|`19,548`|
|`Finance,HRandIScosts`|||`251,139`|`148,401`|`399,540`|<br>`411,665`|
|`Managementcosts`|||`193,680`|`17,055`|<br>`210,735`|<br>`215,026`|
|`Premisesandofficecosts`||||`355,059`|<br>`355,059`|<br>`309,218`|
|`Total`|||<br>`444,819`<br>|<br>`541,321`<br>|<br>`986,140`<br>|<br> <br>`955,457`<br>|



## 



## 

## 

||`2025`|`2024`|
|---|---|---|
|`Netincomefortheyearisstatedaftercharging:`|`£`|`£`|
|`Depreciation`|`56,252`|`62,190`|
|`Auditor’sremuneration:`|||
|`Auditfees`|`18,950`|`18,128`|
|`Non-auditfees`|`-`|`-`|
|`Operatingleaserentals:`|||
|`Plantandmachinery`|`30,791`|`11,680`|
|`Otheroperatingleases`|`851`|`2,909`|



||`2025`|`2024`|
|---|---|---|
||`£`|`£`|
|`Salariesandwages`|`3,273,013`|`2,940,240`|
|`Socialsecuritycosts`|`342,724`|`304,017`|
|`Pensioncosts`|`290,299`|`265,087`|
|`Freelanceandothercosts`|`1,559,003`|`1,450,910`|
|`Total`|<br> <br>`5,465,039`|<br> <br>`4,960,254`|
|`Thenumberofstaffpaidover£60,000duringtheyearwas:`|`2025`|`2024`|
||`No.`|`No.`|
|`£70,001`<br>`-£80,000`|`2`|`{`|
|`£140,001`<br>`-£150,000`|`|`|`1`|





## 

## 

||`2025`|`2024`|
|---|---|---|
|`:`|`No.`|`No.`|
|`Orchestra`|`52`|`48`|
|`Officeandmanagement`|`42`|`43`|
|`Total`|<br>`94`<br>|<br>`91`<br>|



## 

||`2025`|`2024`|
|---|---|---|
||`£`|`£`|
|`ArtsCouncilEngland— corefunding`|`2,601,798`|`2,601,798`|
|`BCPCouncil`|`246,348`|`273,720`|
|`DorsetCouncil`|`-`|`20,000`|
|`PortsmouthCityCouncil`|<br>`25,000`|<br>`25,000`|
|`Total`|<br> <br>`2,873,146`|<br> <br>`2,920,518`|
|`axation`|||
||`2025`|`2024`|
||`£`|`£`|
|`OrchestraTaxRelief`|||
|`Taxcreditdue`|`1,641,551`|`1,412,438`|
|`Adjustmentinrespectofprioryears`|`-`<br>|`44`<br>|
||`1,641,551`<br> <br>|`1,412,482`<br> <br>|
|`CorporationTax`|||
|`Taxontaxableincomefortheyear`|`(21,278)`|`(17,063)`|
|`Adjustmentinrespectofprioryears`|`-`<br>|`-`<br>|
||`(21,278)| `<br> <br>|`(17,063)`<br> <br>|
|`Nettaxreceivablefortheyear`|<br>`1,620,273`<br>|<br>`1,395,419`<br>|



## 



## 

## 

||`Long`|`Fixtures,`||||
|---|---|---|---|---|---|
||`Leasehold`|`=computers& `|`Motor`|||
||`Buildings`|`equipment`|`Vehicles`|`Instruments`|`Total`|
||`£`|`£`|`£`|`£`|`£`|
|`Costb/f1 April2024`|`300,000`|`582,971`|`9,754`|`330,526`|`1,223,251`|
|`Additionsintheyear`|`-`|`68,248`|`-`|`2,954`|`71,202`|
|`Disposalsintheyear`|`-`|`(74,714)`|`-`|`-`|`(74,714)`|
|<br> <br>`Costc/f31March2025`|<br> <br>`300,000`|<br> <br>`576,505`|<br> <br>`9,754`|<br> <br>`333,480`|<br> <br>`1,219,739`|
|`Dep'nb/f1 April2024`|`30,417`|`503,099`|`9,313`|`241,080`|`783,909`|
|`Chargefortheyear`|`5,000`|`44667`|`196`|`6,389`|`56,252`|
|`Eliminatedondisposal`|`-`|`(74,714)`|`-`|`-`|`(74,714)`|
|<br> <br>`Dep'nc/f31March2025`|<br> <br>`35,417`|<br> <br>`473,052`|<br> <br>`9,509`|<br> <br>`247469`|<br> <br>`765,447`|
|<br> <br>`NBV01/04/2024`|<br> <br>`269,583`|<br> <br>`79,872`|<br> <br>`441`|<br> <br>`89,446`|<br> <br>`439,342`|
|<br>`NBV31/03/2025`<br>|<br>`264,583`<br>|<br>`103,453`<br>|<br>`245`<br>|<br>`86,014`<br>|<br>`454,292`<br>|



## 

|`Investments`|||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`Carryingvalue(marketvalue)atbeginningofyear`|`1,833,746`|`1,612,667`|
|`Additionstoinvestmentsatcost`|`-`|`26,263`|
|`Net(loss)/gainonrevaluation`|`51,533`|`194,816`|
|`Utilisationofcashaccount`|||
|`Carryingvalue(marketvalue)atendofyear`|<br> <br>`1,885,279`|<br> <br>`1,833,746`|
|`Historicalcost`|||
|`Cash`|||
|`Managedfunds- Quilter`|<br>`1,752,287`|<br>`1,752,287`|
|`Total`|<br> <br>`1,752,287`|<br> <br>`1,752,287`|
||`2025`|`2024`|
|`AnalysisofInvestments`|`£`|`£`|
|`Listedinvestments`|`1,791,005`|`1,797,316`|
|`Cash`|<br>`94,274`|<br>`36,430`|
||<br>`1,885,279`<br>|<br>`1,833,746`<br>|





## 

## 

|||`(AsRestated)`|
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`Tradedebtors`|`122,643`|`241,186`|
|`Orchestrataxrelief`<br>`Prepayments& advances`|<br>`1,641,551`<br>`629,146`|<br>`1,412,438`<br>`394,312`|
|`Total`|<br> <br>`2,393,340`|<br> <br>`2,047,936`|
|`reditors:amountsfallingduewithinoneyear`|||
||`2025`|`2024`|
||`£`|`£`|
|`Tradecreditors`|`266,104`|`315,547`|
|`Taxation& socialsecurity`|`91,798`|`71,437`|
|`Accruals`|`239,135`|`143,942`|
|`Otherreceiptsinadvance`|`358,749`|`366,863`|
|`PensionContributions`|`25,902`|`25,343`|
|`Financelease`|<br>`2,148`|<br>`-`|
||<br>`984,436`<br>|<br>`923,132`<br>|



## 

## 

|`5cust`<br>`ome.`|`omercred`|`itbalances,membershipinadvanceanddefer`|`edsponsor`|`hipandtrusts`|`andfoundations`|
|---|---|---|---|---|---|
|||||`2025`|`2024`|
|||||`£`|`£`|
|`Balance`|`asat1 `|`April`||`366,863`|`329,282`|
|`Amount`|`released`|`toincomeandexpenditureaccount`||`(366,863)`|`(329,282)`|
|`Amount`|`deferred`|<br>`inyear`|<br>`_`|<br>`358,750`|<br>`366,863`|
||||<br>|<br> <br>`358,750`|<br> <br>`366,863`|



## 

||`Restricted`|`Unrestricted`||`(AsRestated)`|
|---|---|---|---|---|
||`Funds`|`Funds`|`Total`|`Total`|
||`2025`|`2025`|`2025`|`2024`|
||`£`|`£`|`£`|`£`|
|`Fixedassets`|`7,448`|`2,332,123`|`2,339,571`|`2,273,088`|
|`Currentassets`<br>`Currentliabilities`<br>`Total`|`13,004`<br> <br>`20,452`<br>|`4,588,003`<br>`(992,668)`<br> <br>`5,927,458`<br>|`4,601,007`<br>`(992,668)`<br> <br>`5,947,910`<br>|`4'510,209`<br>`(923,132)`<br> <br>`5,860,165`<br>|





## 

## 

||||||||`Investment`|`“Transfer`||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||`1April`|`Incoming`||`Outgoing`||`Gains/`|`Between`||`31March`||
|||`2024`|`Resources`||`Resources`||`(Losses)`|`Funds`||`2025`||
|||`£`|`£`||`£`||`£`|`£`||`£`||
|`RestrictedFunds`||||||||||||
|`ConstantinoSilvestriWillTrust`||`7,448`|`230`||`(230)`||`-`||`-`|`7,448`||
|`JeffreyMachin`|`,`|`4348`||`-`|`(4,348)`||`-`||`-`||`-`|
|`PianoFund`||`22,702`||`-`|`(9,698)`||`-`|||`13,004`||
|`Totalrestrictedfunds`||<br> <br>`34,498`|<br> <br>`230`|<br> <br>|<br> <br>`(14,276)`|<br> <br>|<br>|<br>|<br>|<br> <br>`20,452`|<br> <br>|
|`Unrestrictedfunds`||||||||||||
|`Designated:`||||||||||||
|`NewLift`||`200,000`||`-`||`-`|`-`||`-`|`—200,000`||
|`NewTruck`||`250,000`||`-`||`-`|`-`||`-`|`250,000`||
|`Total`||<br> <br>`450,000`|<br>|<br> <br>`-`|<br>|<br> <br>`.`|<br> <br>`-`|<br>|<br> <br>`-`|<br> <br>`__450,000`|<br> <br>|
|`Unrestricted:`||||||||||||
|`Generalunrestricted`||`4,776,857`|`8,595,976`||`(8,504,223)`||`10,038`|`80,000`||`4,958,648`||
|`Generalunrestricted`|`BSOET`|`598,810`||`-`||`-`|`-`|`__(80,000)`||`518,810`||
|`Total`||<br> <br>`5,375,667`|<br> <br>`8,595,976`|<br> <br>|<br> <br>`(8,504,223)`|<br> <br>|<br> <br>`10,038`|<br>|<br> <br>`~`|<br> <br>`5,477,458`|<br> <br>|
|`TotalUnrestricted`|`Funds`|<br> <br>`5,825,667`|<br> <br>`8,595,976`|<br> <br>|<br> <br>`(8,504,223)`|<br> <br>|<br> <br>`10,038`|<br>|<br> <br>`-`|<br> <br>`5,927,458`|<br> <br>|
|`TotalFunds`||<br>`5,860,165`<br>|<br>`8,596,206`<br>|<br> <br>|<br>`(8,518,499)`<br>|<br> <br>|<br>`10,038`<br>|<br>|<br>`~`<br>|<br>`5,947,910`<br>|<br> <br>|





## 

|||||`Investment`|`Transfer`||`(AsRestated)`|
|---|---|---|---|---|---|---|---|
||`1April`<br>`2023`|`Incoming`<br>`Resources`|`Outgoing`<br>`Resources`|`Gains/`<br>`(Losses)`|`Between`<br>`Funds`||`31March`<br>`2024`|
||`£`|`£`|`£`|`£`|`£`||`£`|
|`RestrictedFunds`||||||||
|`ConstantinoSilvestriWillTrust`<br>`JeffreyMachin`<br>`PianoFund`|<br>`7,448`<br>`24,348`<br>`31,341`|<br>`208`<br>`-`<br>`-`|<br>`(208)`<br>`(20,000)`<br>`(8,639)`|<br>`-`<br>`-`<br>`-`||<br>`-`<br>`-`<br>`-`|<br>`7,448`<br>`4,348`<br>`22,102`|
|`Totalrestrictedfunds`|<br> <br>`63,137`|<br> <br>`208`|<br> <br>`(28,847)`|<br>|<br>|<br>|<br> <br>`34,498`|
|`Unrestrictedfunds`||||||||
|`Designated:`<br>`NewLift`<br>`NewTruck`<br>`Total`|<br> <br>`200,000`<br>`250,000`<br>`450,000`|<br> <br>`-`<br>`-`<br>`:`|<br> <br>`-`<br>`-`<br>`-`|<br> <br>`-`<br>`-`<br>`-`|<br>|<br> <br>`-`<br>`-`<br>`-`|<br> <br>`200,000`<br>`250,000`<br>`450,000`|
|`Unrestricted:`||||||||
|`Generalunrestricted`|`3,940,432`|`8,549,709`|`(7,883,367)`|`170,083`||`-`|`4,776,857`|
|`GeneralunrestrictedBSOET`<br>`Total`|<br> <br>`598,810`<br>`4,539,242`|<br> <br>`8,549,709`|<br> <br>`(7,883,367)`|<br> <br>`170,083`|<br>|<br> <br>`:`|<br> <br>`598810`<br>`5,375,667`|
|`TotalUnrestrictedFunds`|<br> <br>`4,989,242`|<br> <br>`8,549,709`|<br> <br>`(7,883,367)`|<br> <br>`170,083`|<br>|<br> <br>`-`|<br> <br>`5,825,667`|
|`TotalFunds`|<br>`5,052,379`<br>|<br>`8,549,917`<br>|<br>`(7,912,214)`<br>|<br>`170,083`<br>|<br>|<br>`-`<br>|<br>`5,860,165`<br>|



## 

## 



## 

## 

## 

|`eratingleasecommitments`<br> `minimumoperatingleasepaymentsareasfollows:`|||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`Withinoneyear`|`25,788`|`686`|
|`Betweenoneandfiveyears`|`27,233`|`686`|
||<br>`53,021`<br>|<br>`1,372`<br>|



## 

## 

## 

## 

## 

## 

||`1April2024`|`CashFlows`|`31March2025`|
|---|---|---|---|
||`£`|`£`|`£`|
|`Cash& CashEquivalents`|`2,462,273`|`(254,606)`|`2,207,667`|
|`Borrowings`||||
|`Financeleases`|`(10,942)`|`6,397`|`(4,545)`|
|`Netfunds`|<br>`2,451,334`<br>|<br>`(248,209)`<br>|<br>`2,203,122`<br>|





## 

## 

||||||`(AsRestated)`||
|---|---|---|---|---|---|---|
|||`Unrestricted`||`Restricted`|`TotalFunds`||
||`Note`|`Funds`||`Funds`|`2024`||
|||`£`||`£`|`£`||
|`Income& endowmentsfrom:`|||||||
|`Donationsandlegacies`|`{`|`1,644,722`||`-`|`1,644,722`||
|`Grants`|`2`|`2,920,518`||`-`|`2,920,518`||
|`Incomefromcharitableactivities:`|||||||
|`Orchestralconcertsandrelatedwork`|`3`|`1,979,418`||`208`|`1,979,626`||
|`Participate`|`3`|`393,309`||`-`|`393,309`||
|`Incomefromothertradingactivities`|`4`|`134,071`||`-`|`134,071`||
|`Investmentincome`|`5`|<br>`82,252`|<br>|<br>`-`|<br>`82,252`|<br>|
|`Totalincome`||<br> <br>`7,154,290`|<br> <br>|<br> <br>`208`|<br> <br>`7,154,498`|<br> <br>|
|`Expenditureon:`|||||||
|`Costsofraisingfunds:`|||||||
|`Commercialtradingoperations`|`6`|`338,845`||`-`|`338,845`||
|`Expenditureoncharitableactivities:`|||||||
|`Orchestralconcertsandrelatedwork`|`7`|`6,753,110`||`28,847`|`6,781,957`||
|`Education`|`7`|`791,412`||`-`|`791,412`||
|`Otherexpenditure:`|||||||
|`Totalexpenditure`||<br> <br>`7,883,367`|<br> <br>|<br> <br>`28,847`|<br> <br>`7,912,214`|<br> <br>|
|`Net(expenditure)beforetax`||`(729,077)`||`(28,639)`|`(757,716)`||
|`Taxreceivable`||`1,395,419`||`-`|`1,395,419`||
|`Netincomeafter taxbeforeinvestment`|||||||
|`gains/(losses)`||`666,342`||`(28,639)`|`637,703`||
|`Net(losses)/gainsoninvestments`||<br>`170,083`|<br>|<br>`-`|<br>`170,083`|<br>|
|`Net(expenditure)/incomefortheyear`||<br>`836,425`|<br>|<br>`(28,639)`|<br>`807,786`|<br>|
|`Transfersbetweenfunds`|`20`||<br>`-`|<br>`-`||<br>`-`|
|`Netmovementinfunds`||<br> <br>`836,425`|<br> <br>|<br> <br>`(28,639)`|<br> <br>`807,786`|<br> <br>|
|`Reconciliationoffunds:`|||||||
|`Totalfundsbroughtforward`||<br>`4,989,242`|<br>|<br>`63,137`|<br>`5,052,379`|<br>|
|`Totalfundscarriedforward`||<br>`5,825,667`<br>|<br> <br>|<br>`34,498`<br>|<br>`5,860,165`<br>|<br> <br>|