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2021-03-31-accounts

≥ CONCERTS SOCIETY (A Charitable Company Limited by Guarantee)

Annual Report and Accounts for the year ended 31 March 2021 Company Number 62753 Charity Number 223882

TRUSTEES’ REPORT AND SUMMARY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Reference and Administrative details 4
Chairman’s Report 5
Chief Executive’s Review of the Year 6-11
Summary Financial Information 12-13
Trustees’ Report 14-21
Independent Auditor’s Statement to the Members of Hallé Concerts Society 22-23
Consolidated and Aggregated Summary Income and Expenditure Account 24
Consolidated and Aggregated Statement of Financial Activities 25
Charitable Company Statement of Financial Activities 26
Consolidated and Aggregated and Charitable Company Balance Sheets 27
Consolidated and Aggregated Cash Flow Statement 28
Notes to the Accounts 29-51
Appendicies - not forming part of the audited financial statements
Sponsors, Business Club and Workplace Choirs 52
Supporters 53-56
Members of the Hallé Concerts Society 57-58
Players 59
Orchestral Chair Endowments 60
Hallé Choir 61
Administration and contact details 62

The Hallé Concerts Society gratefully acknowledges the financial assistance of Arts Council England, Manchester City Council and the Greater Manchester Combined Authority.

3

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Office: The Bridgewater Hall, Manchester M1 5HA

PATRON HRH The Countess of Wessex MUSIC DIRECTOR Sir Mark Elder CH, CBE MEMBERS OF THE BOARD

Elected: David McKeith Chairman # $ Sharon Amesu # (appointed 8 September 2020) Alex Connock Darren Drabble # Tim Edge * Juergen Maier (appointed 8 September 2020) Jon McLeod (resigned 8 September 2020) Linda Merrick Katrina Michel (resigned 8 September 2020) John Phillips CBE * Cathryn Merryl Webster #* Aileen Wiswell #

AUDITOR Crowe U.K. LLP 3[rd] Floor The Lexicon Mount Street Manchester M2 5NT

SOLICITORS Mills & Reeve LLP 1 New York Street Manchester M1 4HD

BANKERS The Royal Bank of Scotland plc St Ann Street Manchester M60 2SS

INVESTMENT ADVISERS Schroder & Co Limited 12 Moorgate London EC2R 6DA

COMPANY REGISTRATION NO 62753 CHARITY REGISTRATION NO 223882

Nominated by Manchester City Council: Cllr Azra Ali

Nominated by the Greater Manchester Combined Authority: Eamonn Boylan Cllr Janet Emsley

EXECUTIVE TEAM

John Summers Chief Executive and Company Secretary (resigned 31 August 2020)

David Butcher Chief Executive and Company Secretary (appointed 1 September 2020) Ruth Harkin Finance Director $

ORCHESTRAL NOMINEE

Caroline Abbott

VICE PRESIDENTS

Martin McMillan Edward Pysden $

Member of the Nominations & Remuneration Committee $ Member of the Investment Committee

4

CHAIRMAN’S REPORT

This has been a year of extreme threat and challenge for the Hallé, as it has for the whole of the cultural sector. I could not be prouder of the way our musicians, staff and volunteers have risen to the challenge nor more grateful to our funders, sponsors and patrons for their generous support.

We always believed that our investment in Hallé St Peter’s, including the new Oglesby Centre, would make the Hallé a more resilient organisation and provide us with another face to the world and the Greater Manchester community. This pandemic year has already proved that proposition beyond doubt. We have been locked out of The Bridgewater Hall and our offices (for good reason) for virtually the whole year. Hallé St Peter’s has given us a meeting place, when needed, for staff; a digital studio to enable our musicians to connect with our audiences and communities in new powerful ways; a film studio for our well-received Winter Season of concert films and, of course, a rehearsal and practice space, when allowed, for the orchestra and our many ensembles.

Over the past year we have also renewed our commitment to Diversity and Inclusion and are developing an ambitious but essential plan to embed inclusivity and relevance across all areas of our work.

An additional challenge during the past year was the retirement of two key executives, John Summers and Geoff Owen. They both made outstanding contributions to the success of the Hallé over the last two decades. It was particularly pleasing to see John Summers’ work as the Hallé Chief Executive recognised in the Queen’s Birthday Honours with an OBE for his contribution to music and education.

We were able to welcome some very talented new colleagues to the team. David Butcher, our new Chief Executive, and Anna Hirst, Head of Artistic Planning, were immersed immediately on their arrival in September in creating a new musical programme for the year starting with our Winter Season of specially produced films. They and their colleagues have redefined what we can and should aspire to online. Another welcome arrival was Delyana Lazarova, our new Assistant Conductor and the first winner of Siemens Hallé International Conductors Competition, in February 2020.

The COVID crisis has virtually eliminated our income from performing concerts and education work for more than 15 months. The support of the UK government’s Job Retention Scheme and Culture Recovery Fund has been essential in ensuring the Hallé’s survival. We have also continued to benefit from important funding from Arts Council England, the Greater Manchester Combined Authority and Manchester City Council as well as the generosity of our sponsors, patrons, staff and other supporters. The Hallé management team has demonstrated determination and creativity in keeping tight control of our costs and developing new ways of working throughout this period.

As a result, we finish the financial year in a stronger position with our expendable reserves at £3.8m (compared to £2.7m at the beginning of the year). These reserves will be essential for our financial security as we face the uncertainties of a future inevitably impacted by the pandemic and its longer term consequences. Following the easing of social restrictions on 19[th] July we recognise that it will take time for normal concert and educational activity to resume; we are however optimistic that they will once again be important aspects of the vibrant cultural life offered by the Greater Manchester region. The Board and management are confident that the Hallé will be able to adapt and prosper.

David McKeith Chairman

5

CHIEF EXECUTIVE’S REVIEW OF THE YEAR

This is my first review as Chief Executive of the Hallé Concerts Society, having taken over from my distinguished predecessor John Summers, in September 2020, and it is a great honour and a thrilling challenge to be at the helm of one of the world’s great pioneering orchestras. Coming at this time of national and international crisis has certainly made the role a little more challenging than expected, but the extended Hallé family, along with its many supporters, have risen to the occasion in typically creative and imaginative style. Demonstrating extraordinary resilience and determination they have succeeded in placing the organisation in a very strong position as it looks ahead to post-pandemic opportunities with renewed vigour and zeal.

The 2020-21 financial year will chart an unprecedented point in the Hallé’s career, as government restrictions silenced public performances for the first time in its 163-year history. They also silenced the active participation of the hundreds of young performers involved in the orchestra’s burgeoning education and ensembles programme across Greater Manchester and beyond.

That was not the end of the story, however. The orchestra’s response to such stringent restrictions was to produce a vast array of performances, workshops, films, meetings and installations, maximizing nascent digital technologies and platforms to connect with an ever-widening audience locally, nationally and around the world, wholeheartedly in keeping with

the pioneering credentials of its founder Sir Charles Hallé. Pay cuts across the organisation to guarantee sustainability and survival were borne with good grace, and the inspired response of all our musicians, management and board to diversify its artistic offer have ensured that the Hallé has remained vital and relevant throughout these troubled times.

Special mention should go to our Music Director, Sir Mark Elder, who became a national champion for music and the arts, highlighting the serious threats posed by COVID-19-related constraints. Similarly, our Assistant Conductor, Delyana Lazarova, appointed after winning the inaugural Siemens International Conducting Competition, has shown great presence and promise, especially in her work with our youth ensembles.

I would also like to recognize the invaluable support of the government’s Cultural Recovery Fund and Job Retention Scheme which have helped organisations like ours to weather these recent storms and have enabled us to innovate and reach out to communities in new and powerful ways. More generally, the support of Arts Council England, the Greater Manchester Combined Authority and Manchester City Council has been vital, as has the unstinting support of our audiences, patrons, corporate sponsors, Trusts and Foundations whom we cannot thank enough.

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

THE ORCHESTRA - “ALL HAIL THE HALLÉ…” DAILY TELEGRAPH

With concert halls around the country closed to the public, we worked closely with our partners at The Bridgewater Hall to re-open their doors exclusively for the Hallé to perform and film concerts for broadcast to audiences in Greater Manchester and around the world. The Winter Series of nine films was produced to the very highest standards of visual and sound quality, with additional interviews and features aimed at bringing audiences closer to the music and the orchestra. The purpose was not just to stream a concert, but to create a documentary film with our particular audience in mind which could be enjoyed through a huge range of digital platforms. Our talented new Head of Artistic Planning, Anna Hirst, together with Head of Digital, Bill Lam, nurtured a fruitful partnership with producer Gemma Dixon, director Jonathan Haswell and sound designer Steve Portnoi, to produce concert films which set the benchmark for immersive digital music content during lockdown.

The series centred on Sir Mark Elder and also featured Delyana Lazarova, and using the medium of film enabled us to be brave and diverse in our choice of artists, presentation and repertoire. Guest artists included Jess Gillam, Simon Armitage, Lemn Sissay, Isata Kanneh-Mason, Stephen Hough and Paul Lewis. Programmes were carefully curated to include the familiar as well as the new – Pärt with Britten and Bacewicz with Shostakovich for example – and we were pleased to include specially commissioned works by Hannah Kendall and a new symphony from Huw Watkins which garnered much critical praise. A number of concerts were filmed from our celebrated new centre at Hallé St Peter’s in Ancoats but the majority came from The Bridgewater Hall where a specially extended stage was built to accommodate socially-distanced symphonic repertoire.

A particular highlight was the filming of a free Christmas concert featuring Hallé ensembles, choirs and youth orchestra participants

from across the Greater Manchester region. This was an enormous and complicated undertaking which was subsequently viewed by over 40,000 people on the Hallé’s YouTube channel.

There was also a bespoke film of Stravinsky’s The Soldier’s Tale with Martins Imhangbe as the soldier, directed by Annabel Arden and Femi Elufowoju alongside vision director Dominic Best. This took our Winter Series film aspirations one step further as a made-for-film theatre-style production using sets, costumes, props, actors and musicians, who often performed from memory and from unfamiliar outside locations.

The orchestra has been through so much during the course of this year, and alongside the dedicated management team, it has risen to the challenge with stoicism and style. There are countless heart-warming stories of orchestral members volunteering to help in community settings such as care homes and hospitals, which demonstrate their outstanding community spirit and prove the relevance and value of orchestras such as ours in these testing times.

There were two new appointments during the year:

Katie Jackson, joined as Tutti 1st Violin in September 2020, a deferred start following appointment earlier in the year.

Victoria Stephenson, Tutti Viola, joined November 2020, again a deferred start following appointment earlier in the year.

Finally, it is worth registering the extraordinary artistic achievements of the orchestra at this time. Glowing reviews and critical acclaim are something the Hallé is accustomed to, but to achieve such dazzling and meaningful performances when socially distanced – everyone at two metres from each other and lower brass at the back of the choir stalls - and an array of complex repertoire should be noted as an extraordinary achievement and thankfully captured on film for posterity.

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

HALLÉ CONNECT – EDUCATION AND ENSEMBLES

As with live performances, our award-winning education and ensembles programme, directed so brilliantly by Steve Pickett and Naomi Benn, suffered due to restrictions of the COVID-19 pandemic, but were reconstructed utilising the opportunities via the digital medium. These included a specially filmed Set Works concert for GCSE and A Level Students which was taken on by over 120 schools and watched by over 9000 young people. To support primary schools we produced ‘Goddess Gaia’, an animated film with music and accompanying curriculum resources. The music was composed by Steve Pickett and the animation by Hallé Designer, Peter Naish. ‘Goddess Gaia’ has so far been seen by children in 150 schools and has been endorsed by ECO Schools, an environmental conservation organisation representing over 20,000 schools in England. Strategically, as part of a wider organisation-led Equality, Diversity and Inclusion action plan, we worked on a Greater Manchester mapping exercise to inform us as to culturally diverse musical groups across the 10 boroughs, to inform a new programme of work – a community fusion band.

The pandemic also presented huge challenges for our Ensembles family. From being a weekly part of members’ lives and usually very performance-led in terms of our activities, our initial priority was to think creatively around how to keep our memberships engaged with the Hallé. Membership engagement levels have remained constant throughout these difficult times, and the Hallé Choir Committee has been a special source of much-appreciated support. From feedback we

understand that our activities have greatly helped to provide a focus for our members, and positively impacted their mental health at an extremely challenging time.

During Summer 2020 we created a series of virtual performance videos, free family-friendly singing challenges, weekly Hallé Choir tuition videos, Choral Academy Zoom sessions, and several social meetings on Zoom. These evolved into Zoom rehearsals from the autumn for most ensembles, while our weekly Hallé Ancoats Community Choir sessions have continued on Facebook-live open, for free, to the public throughout.

In September we were delighted to be able to invite our youth members to attend their annual auditions in person, and recruited as usual for our youth ensembles, while welcoming our new Assistant Conductor, Delyana Lazarova. From the end of September, small groups of Hallé Choir singers returned to socially-distanced rehearsals, with a Zoom live-stream of the rehearsal keeping in touch with the members at home. This approach was adapted for the Children’s Choir and Youth Orchestra, which owing to additional specific restrictions for under18s, was limited to set groups of no more than 15 members at any one time. After the November national lockdown moved everything back online, we were able to proceed with in-person Christmas recordings in December to contribute to the Hallé Christmas concert streamed on YouTube and social media performances.

The spring term ended up entirely online again due to the third national lockdown. Thankfully the professional leadership teams were able to work together to stream live from Hallé St Peter’s, and we tried to vary

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

our weekly Zoom rehearsals by inviting a number of inspiring guests to attend. Guests included, among others, Sir Mark Elder, Hallé players, youth alumni, James Burton, Jess Gillam and Dobrinka Tabakova. Some conducted repertoire sessions while others talked about their work and motivation in these difficult times. It was genuinely uplifting to have their insights, and greatly appreciated by all our members. We also employed a quartet of young professional singers (all of whom were former Hallé youth singers themselves) to occasionally support some online choral rehearsals and enable the singers at home to hear their parts being sung live in Hallé St Peter’s.

Looking ahead, we hope to bring our ensembles back in person as and when permitted in the Government roadmap, and aspire to summer workshops and recordings to end the season on a musical high.

DIGITAL WORK AND A NEW DEPARTMENT

As described above, the importance of the digital medium has been essential in enabling so many areas of our work during the year. Although it is something that the Society was investing in pre-pandemic, this crisis has accelerated its development. Thanks particularly to funding from the Cultural Recovery Fund, and also enlightened future investment by the Garfield Weston, we put in place a distinct Digital Department within the Hallé structure, led by Bill Lam – now our Head of Digital supported by Riley Bramley-Dymond our Senior Video Producer.

It’s worth highlighting some of our achievements during the year as follows:

COMMUNICATIONS

Like much of the organisation during this time, the work of our Communications Department underwent a forced revolution. From April 2020 all our scheduled concerts were cancelled without being able to offer a clear vision to our audiences about what, if anything, we would be able to offer in their stead. We appealed to our audiences who were so supportive: Of the £237,000 we had earned for concerts in April and May 2020, £95,000 has either not been requested back as refunds (as we had asked) or given back to us in gift aided donations.

Digital communication was maximised in order to maintain regular contact with the public, and huge efforts were made not to lose touch with those people who relied on paper or phone communications to keep up to date with our activities. Having already produced our planned season brochure for 2020-21, we decided, simply as an act of good will, to send this out to all our usual lists as a way of keeping in

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

touch. We received a great many messages of thanks and support for this gesture, and have tried as best we can to maintain links with our supporters and Opus One groups throughout the crisis.

We launched weekly, rather than monthly, e-newsletters which included contributions from players, virtual performances and the now legendary ‘Geek of the Week’ feature, which we will have to maintain going forward due to its popularity. During the year, subscribers to the newsletter increased significantly, as did our Facebook, Twitter and Instagram followers.

Everything changed with the launch of our nine digital Winter Season performances in November last year. We have earned just over £80,000, way above estimate and sold the films to a total of 2,565 people, including 781 nine-concert subscribers. Although the majority of these were from home markets we note that 93 came from London, 65 from the Midlands, 37 from South East England, 24 from the United States and 37 from other foreign territories. Plans are underway to ensure we continue to reach international markets with at least a sample of our domestic concert offer.

HALLÉ VENUES

The Hallé Venues, and the beautiful multi-award winning Hallé St Peter’s in particular, have played an essential part in the Hallé’s response

to and recovery from the issues caused by the global pandemic. Both venues (to include St. Michael’s) have been limited throughout the year under varying degrees of COVID-19 related restrictions, including a full closure to the public between April and July 2020.

COVID-19 Secure and Social Distancing requirements significantly impacted the sorts of activities we planned to host within the buildings, each activity operated under specific risk assessments. The venues were adapted to provide essential infrastructure (sanitiser dispensers, wayfinding and warning signage, and additional cleaning stations) and room capacities reduced appropriately to match to the guidance. By way of example the main St Peter’s space was only able to cater for 32 players with social distancing in place, compared to the normal 80 players.

Despite this we were able to pivot the use of the buildings to provide essential space for the Hallé’s work during the year. Hallé Ensembles hosted both virtual and physical rehearsals at Hallé St Peter’s as well as enabling the return of Sir Mark and the Orchestra in November 2020. Moreover, the venue was used as a filming and recording location for the Hallé’s acclaimed Winter Series, Christmas Concert, Education projects and social media output – an essential facility at a time when nearly all venues were closed.

The venues were also used for a variety of other purposes including rehearsals from other musical groups in the city and a wide variety of

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

permitted private hire activity, such as training courses. The majority of private hire bookings for 2020 were retained with dates moved (and in some cases moved again) to later dates. We were proud to host the first socially distanced wedding ceremony in Manchester after the first lockdown, with a congregation of 8 including the bride, groom, photographer and registrar.

At the start of July 2020, Café Cotton began operating in the Hallé Kitchen space and has been open to the public ever since, despite the challenges. It has been able to establish a popular takeaway and an eat in service which we hope will flourish further when times allow.

DEVELOPMENT

Our Development Department worked tirelessly to meet the challenges and opportunities created by the pandemic against the context of a complicated and unpredictable funding landscape and more challenges generated by the break with the EU. The end of year fundraising figures are remarkably robust with targets achieved close to those set before the pandemic. Given the immense challenges, in particular for our sponsors, this is a notable achievement and not necessarily the situation for others across our sector.

Our Patrons, members and regular ticket buyers responded extremely positively to an appeal in June and July last year and we were delighted to achieve an increase in income year on year under our Patrons and Chair Endowment schemes of over 25%. This not only helps us with the immediate challenges but also establishes a strong uplift on longer term funding. Our individual donors have always been an impressively loyal and engaged group of supporters and we continued to receive donations on a weekly basis despite our inability in the last year to offer benefits and opportunities. We continue to be extremely grateful for the level of loyalty and affection shown by our donors.

Trusts and Foundations have always been steady supporters of the Hallé but their commitment to increasing access to their funds and encouraging applications for emergency support has been consistently, extremely impressive throughout the last year. We are grateful to all our trusts supporters who allowed us to repurpose funding where projects were simply impossible to deliver and also for the huge increases in support and additional funding we received from the Garfield Weston Foundation, The Wolfson Foundation, The Oglesby Charitable Trust and the Victoria Wood Foundation – just to name a few.

Our corporate sponsors have remained impressively loyal and committed throughout the year despite immense pressures on their own businesses. We sadly (and understandably) lost Manchester Airport’s support early on in the lockdown but our other Major and Diamond sponsors have remained fully committed. We have also been able to negotiate increased support to Major Sponsor level from CMS and The Edwardian Hotel. Both these new high level funders have worked with us for a number of years and were keen to support our recovery and have committed to two and three year deals upfront. We have also delivered a year of activities within our Workplace Choir programme, welcoming new choirs and supporting established ones via a digital offer which has included the commissioning of two new pieces of music specifically for this programme. We know that the Workplace Choir programme sits at the core of many of our corporate partners’ health and well-being plans for staff and we are proud of the way the programme has helped to raise spirits and maintain morale amongst teams of colleagues separated by the pandemic. We even supported three NHS choirs during the lockdown period who reported back the value of the programme when dealing with significant stress and upset. We plan to generate a hybrid offer – both live and digital – for the long term as both are attractive, for different reasons, to the corporate sector.

year but we are confident that it has contributed to our success and resilience in an invaluable way.

MANAGEMENT AND BOARD

As the newcomer, I should like to pay tribute to the extraordinary skill and commitment of the Hallé Concerts Society administrative team whom have worked tirelessly and with such commitment throughout the turmoil of this year. In particular, the talented Senior Management Team has worked together as such a strong and successful unit in meeting these new challenges.

Alongside digital expansion, this year was a good opportunity to develop our Equality, Diversity and Inclusion plans across all of the organisation’s work. Work was begun on a plan, produced as part of a newly invigorated commitment by the Hallé Concerts Society towards embracing and embedding diversity and inclusion across all areas of our work, to include programming, talent development, workforce, leadership and governance. New board member Sharon Amesu has been incredibly helpful spearheading this work.

The close attention and active support of the whole Board has also been a huge boost for me taking on the reigns of the organisation at such a tumultuous time, and in I would like to pay tribute to the expertise of the Hallé’s Finance Director Ruth Harkin and in particular our Chair David McKeith, who has provided such wise and inspiring counsel during the year.

The latter individuals have been key in our two successful applications to the Cultural Recovery Fund, and astute management of the Government’s Job Retention Scheme alongside the ongoing support of our many donors, patrons, trust and sponsors, which has put us in a healthy financial position.

In spite of one of the most challenging and disruptive years in the orchestra’s history, we eagerly anticipate the new opportunities a new post-pandemic world from a unique position of strength – artistically, structurally and financially - and I look forward to leading this great organisation forward with renewed energy and vision as we emerge from this pandemic.

David Butcher 10 August 2021

Fundamentally, the Development’s team’s ability to generate partnerships and relationships with our private sector stakeholders was laudable. Much time is spent building a sense of ownership and shared loyalty with the individuals involved in supporting the Hallé and this strategy has never been tested as much as it has been in the last

11

THREE YEAR FINANCIAL SUMMARY

The table below summarises the underlying operating results of the Hallé group for the last 3 financial years, before exceptional items of income and expenditure.

Income from normal charitable operations excluding
exceptional items
Box office
Engagements, touring & broadcasting
Education & Hallé St Peter’s
Sponsorship
Fundraising, legacies & bequests
Investment income
Revenue grants
Orchestra Tax Credit
TOTAL
Normal Operating costs
Orchestra, related staff and other costs
Conductors, soloists and freelance
Hall hire & box office charges
Other performance related costs including touring
Marketing & Communications
Education & Hallé St Peter’s
Fundraising
Other
TOTAL
Net operating surplus/(deficit)
Transfer from Endowment
Surplus/(deficit) before exceptional items
Net exceptional items (see below)
Total surplus for the year		 2021
2020
2019
£000
%
£000
%
£000
%
131
2%
1,553
17%
1,738
17%
48
1%
1,183
13%
1,392
14%
71
1%
181
2%
196
2%
355
5%
735
8%
638
6%
1,242
17%
799
9%
1,766
18%
107
1%
136
2%
132
1%
5,301
72%
3,250
37%
3,170
32%
113
1%
1,044
12%
990
10%
7,368
100%
8,881
100%
10,022
100%
3,477
52%
4,402
46%
4,230
44%
311
4%
851
9%
1,066
11%
119
2%
864
9%
930
10%
1,287
19%
1,376
14%
1,214
13%
300
5%
439
5%
469
5%
649
10%
924
10%
845
9%
239
4%
408
4%
383
4%
279
4%
388
4%
477
5%
6,661
100%
9,652
100%
9,614
100%
707
(771)
408
200
200
201
907
(571)
609
242
2,604
2,001
1,149
2,033
2,610

Exceptional items comprise:

2021: £242k final instalment Arts Council Capital Grant funding for Hallé St Peter’s capital scheme.

2020: £2,532k Arts Council capital funding as above plus £72k other capital donations.

2019: £2,389k capital funding for Hallé St Peter’s plus

£388k provision for cost of equalising Guaranteed Minimum Pensions

Total funds
Unrestricted before pension liability
Pension liability
Total unrestricted
Restricted
Main Endowment Funds
Catalyst Endowment Funds
Total funds		 2021
2020
2019
£000
£000
£000
679
(318)
(213)
(10,104)
(9,516)
(10,712)
(9,425)
(9,834)
(10,925)
11,992
12,017
10,110
4,528
3,830
4,066
2,753
2,260
2,404
9,848
8,273
5,655

12

SUMMARY FINANCIAL INFORMATION

WHERE THE MONEY CAME FROM

BOX OFFICE 2%

ENGAGEMENTS, TOURING AND BROADCASTING 1%

EDUCATION & HALLÉ ST PETER’S 1%

SPONSORSHIP 5%

FUNDRAISING, LEGACIES & BEQUESTS 17%

INVESTMENT INCOME 1%

REVENUE GRANTS 72% ORCHESTRA TAX CREDIT 1%

WHERE THE MONEY WAS SPENT

ORCHESTRA, RELATED STAFF AND OTHER COSTS 52%

CONDUCTORS, SOLOISTS AND FREELANCE 5%

HALL HIRE & BOX OFFICE CHARGES 2%

OTHER PERFORMANCE RELATED COSTS 19%

MARKETING AND COMMUNICATIONS 4%

EDUCATION & HALLÉ ST PETER'S 10%

FUNDRAISING 4%

OTHER 4%

13

TRUSTEES’ REPORT

The Trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report and the audited financial statements for the year ended 31 March 2021, in compliance with current statutory requirements, the governing documents and Charities SORP (FRS 102): Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

REFERENCE AND ADMINISTRATIVE DETAILS

Details of the registered office, Trustees, principal officers and other relevant information are given on page 4.

The Hallé Concerts Society (“the Society”) is a company limited by guarantee, governed by its Articles of Association as amended and adopted by Special Resolution on 26 October 2009. It is registered as a charity with the Charity Commission.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Society’s Board of Trustees is responsible for its affairs and the Chief Executive reports to the Board on behalf of the Management and Staff. The Board consists of a maximum of 13 members appointed as follows:

Elected: Nominated by ten members of the Society, unless recommended by the Board

Nominated: Nominated by Manchester City Council (1) and GMCA (2), appointed by the Board

Investment Committee

John Schultz (Chair) $ Carol Culley^ John Eckersley $ Jim Finlay $ (resigned 09.01.21) Edward Pysden $ David McKeith * $ Ruth Harkin

Full terms of reference for the standing committees and short CVs of Board Members are available on the Hallé website, www.hallé.co.uk.

TRUSTEES

All Trustees have an equal vote and have the statutory duties and obligations of Trustees.

All Trustees who are members of the Society are guarantors of the Society with a maximum liability of £5.

At each Annual General Meeting the trustees who have reached the end of their term of office will retire and, if eligible, may stand for re-election. In accordance with the Articles of Association the following Trustees will retire in 2021 and stand for re-election:

Linda Merrick, Alex Connock, Tim Edge, Cathryn Merryl Webster

The Board meets approximately 7 times a year to review strategy and operational performance and to set operating plans and budgets. Day to day management is delegated to the Chief Executive.

The Board has three standing committees with specific areas of responsibility and which make recommendations to the Board:

Other ad hoc committees may also be formed to oversee special projects and their terms of operation are agreed in advance by the Board.

The Company Secretary ensures that appropriate induction and training is given to all Board members; for example, updates on new charity regulations are provided at Trustee meetings. Each new Trustee is provided with a pack of information about the Hallé and their responsibilities as Trustees and is given an opportunity for personal meetings with the Chairman and senior management of the Society.

STRUCTURE OF THE GROUP

The Hallé Concerts Society includes the Hallé Concerts Society Sickness and Benevolent Fund, which is a charity linked by a Charity Commission Uniting Direction. The Sickness and Benevolent Fund results are included as a restricted fund within the Society’s financial statements.

The Hallé Concerts Society Group (the Group) consists of the Hallé Concerts Society, its subsidiary Hallé Promotions Limited and two related trusts: the Hallé Endowment Trust and the Charles Hallé Foundation on the basis that they are subsidiaries of the Society.

The Society also has a connected charity, the Terence Judd Trust Fund, which was set up in memory of the pianist, Terence Judd, by his family, who still have an active interest in its activities. This connected charity is not consolidated or aggregated, in accordance with Statement of Recommended Practice (SORP) FRS 102.

The members of the three standing committees are:

RISK MANAGEMENT AND INTERNAL CONTROL

Audit Committee

Tim Edge (Chair) * John Phillips * William Smith (co-optee) Merryl Webster* (appt 16.03.21)

Nominations and Remuneration Committee

Darren Drabble * (Chair) Sharon Amesu * (appt 16.03.21) David McKeith * Merryl Webster * Aileen Wiswell *

The Trustees are responsible for ensuring that an effective system of internal financial control is maintained and operated by the Society.

The system can provide only reasonable, and not absolute, assurance that assets are safeguarded, transactions authorised and properly recorded, and that material errors or irregularities are either prevented or detected within a timely period.

The system of internal financial control is based on a framework of regular management information; administrative procedures, including the segregation of duties; and a system of delegation and accountability.

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In particular, it includes:

Hallé’s work. In setting the level of ticket prices and concessions, the Trustees give careful consideration to the accessibility of the Hallé to those on low incomes and with special needs. A special scheme for students provides them with access to heavily discounted tickets.

Schemes are in place to encourage attendance from those who would not ordinarily have access to concerts. The Hallé offers free tickets and programmes, as well as advice and support to many diverse groups including those targeted through the GMCA network.

As part of the monitoring process, the Trustees have implemented a risk management strategy, which comprises:

Charges for education and outreach work aim to ensure those activities are accessible to the widest possible constituencies, whatever their means, and activity is targeted at schools and communities where there are limited opportunities for cultural involvement and where there may be multiple barriers to participation. Membership of the youth and children’s ensembles is free and, with the generous aid of our supporters, bursaries are available to help less well-off members. Membership of our adult ensembles is subject to voluntary donation (Hallé Choir) or a fee (Choral Academy, Community Choir), and where fees are charged, there is always a stated option for those on low incomes to attend and to contribute only what they can afford.

OBJECTIVES AND ACTIVITIES OF THE SOCIETY

The object of the Society, as stated in its Articles, is to promote the study, practice and knowledge of the art of music in the United Kingdom and elsewhere by the giving and arrangement of concerts, and other such means as is thought fit including, without limitation, performances of the Hallé Orchestra at the Bridgewater Hall, Manchester for the benefit of the public generally. Its mission is to be one of the World’s most important symphony orchestras and to make a distinctive contribution to promoting Manchester as a significant European cultural centre.

The Society’s strategy to achieve its charitable objectives is to undertake the following major activities:

PUBLIC BENEFIT

In shaping the objectives for the year and planning the Society’s activities, the Trustees considered the Charity Commission’s guidance on public benefit, including the guidance on fee charging. The Society relies on grants, donations, sponsorship, engagement fees and income from sale of tickets to cover its operating costs. Its work is also informed by the aims of its principal public funders including the Arts Council’s 2020 -2030 “Let’s Create” strategy and the associated investment principles and framework. We work hard to ensure our activities reflect and further the social and cultural priorities of the Greater Manchester Combined Authority (GMCA) and Manchester City Council in ensuring the widest number of people in the region have the opportunity to experience the

The extent of our outreach work, now under our branded umbrella, HALLÉ CONNECT is described in more detail in the Chief Executive’s Review of the Year and on the Hallé website. The website also makes video and audio content available, free of charge, to users across the world.

Events in Hallé St Peter’s and in St Michael’s are planned to encourage active participation from the local community and the charging structure for events offers heavily discounted rates for community groups.

STRATEGIC REPORT

ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW

The Group’s accounts have been prepared in accordance with Charities SORP (FRS 102).

The Statements of Financial Activities for the Group and the Society are set out on pages 25 and 26 and the consolidated and aggregated summary income and expenditure of the Group is given on page 24. A full review of the Society’s activities and achievements is set out in the Chairman’s Statement and the Chief Executive’s Review of the Year, which have been approved by the Trustees.

OVERVIEW OF 2020/21 FINANCIAL PERFORMANCE

We are pleased to report that from a financial perspective, as well as operationally and artistically, the Society has successfully navigated this very difficult year. Despite the loss of all our earned income and orchestra tax relief, owing to COVID-related closure and cancellations, the Society has finished the year with an Income and Expenditure surplus. The Statement of Financial Activities for 2020/21 shows a net increase in funds of £370k for the Company and £1,575k for the Group. The Group position includes £1,280k of unrealised gain on the investments held by the Hallé Endowment Trust, reflecting the significant recovery of investment markets following the downturn in March 2020.

This positive result has been achieved in large part due to government schemes such as the Culture Recovery Fund (from which we received £740k in 2020/21) and furlough income from the Job Retention Scheme (£1,344k received) as well as continued support from ACE, GMCA and Manchester City Council which all maintained their grant support.

In addition, the Society made significant cost savings in respect of concert costs, including Bridgewater Hall fees. Salary costs were also reduced by temporary pay cuts imposed from June 2020 to the end of January 2021 for most staff, a vacancy freeze and cancellation of

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budgeted pay rises. The salary reductions contributed £250k in savings and represent a real sacrifice made by staff, many of whom continued to work under significant pressure throughout the pandemic.

The support of all our funders: public, corporate, trusts and individuals has also been incredible through this difficult period and, as a result, our fundraising income has proved far more resilient than we anticipated a year ago, achieving 90% of pre-COVID target levels. As well as normal fundraising activity to fund core costs, the target to replenish reserves has benefited from both a major gift and a major legacy (notified not yet received) amounting to £400k in total, both of which are included within donations in these 2020/21 Annual Accounts.

We consider ourselves to be relatively fortunate to have increased our reserves level compared to last year. Expendable reserves are £3,779k (31 March 2020 £2,675k) and are explained in more detail in the Reserves section below. These reserves will be essential both to support planned core activity over the next 5 years as well as providing a buffer through difficult and uncertain times. Inevitably there will be a wider and long term economic impact of the pandemic, as well as shorter term concerns regarding further social distancing measures and there are many potential risks to the Hallé’s financial security as a result. These reserves therefore play a critical role in our financial resilience and ability to plan constructively for the future.

Clearly the next 12 months will pose major challenges if and when the country emerges from the pandemic and associated social restrictions. A separate Going Concern section is included later in the Trustees’ report which explains the work done to forecast the financial position of the Society over the next 12 months. On the basis of the review undertaken, the Trustees believe that the Charity is reasonably well placed to manage the operational and financial risks of COVID-19, and have a reasonable expectation that the Charity will have adequate resources to continue in operation for at least 12 months from the signing date of these consolidated financial statements. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

REVIEW OF 2020/21 FINANCIAL RESULTS

The Income and Expenditure Account on page 24 shows that overall the Group generated a net surplus for the year of £1,149k (2020: surplus £2,033k), of which £907k is a “gain before exceptional items” and £242k is a surplus categorised as “exceptional” due to its one-off nature, arising from the grant income received specifically to fund the now completed Hallé St Peter’s capital project.

The Consolidated Statement of Financial Activities (SOFA) on page 26 is a more comprehensive presentation of the Group’s financial results in 2020/21, as it brings in the Endowment Fund and shows income and expenditure split between unrestricted and restricted categories. This statement also includes the actuarial loss on the defined benefit pension scheme and investment gains so that a full reconciliation of the movement in funds from 1 April 2020 to 31 March 2021 is provided.

The SOFA shows that total Group funds, including restricted and endowment funds have increased by £1,575k from £8,273k to £9,848k. This increase is largely due to the £1.2m unrealised gain on investments (the majority of which is within the Endowment Funds) reflecting the recovery from the market low point at 31 March 2020 at the beginning of the pandemic. The other key components of the movement from March 2020 to March 2021 are the Income & Expenditure surplus noted above of £1,149k, less the £889k actuarial loss in respect of the pension liability.

The Income & Expenditure surplus was achieved due to Culture Recovery Fund (CRF) support, the Job Retention Scheme (CJRS) and cost saving measures offsetting lost income, in addition to better than anticipated fundraising income.

Further detail on income and expenditure is provided below.

INCOME

A full analysis of income is provided by notes 5, 6 and 7 to the Accounts. Total income in 2020/21 amounted to £7.9m (2020: £11.7 m).

There are a number of factors within this £3.8m reduction in income compared to 2019/20. The cancellation of concert activity and the associated loss of Orchestra Tax Relief Concert resulted in a reduction in income of approximately £3.5m, whilst income from CJRS and CRF of £2m partially offset this. In addition, the completion of the Hallé St Peter’s capital project means that capital grant income represented by the final instalment of £242k from Arts Council is £2.3m lower than in 2019/20.

Our general fundraising held up far better than anticipated, despite considerable pressure. Through significant effort we successfully made up reductions in sponsorship through successful bids to Trusts & Foundations including £170k from the Wolfson Foundation. In addition to our annual fundraising targets we received a £140k legacy to the Hallé Endowment Fund, a £150k legacy to the Society unrestricted funds and a major gift of £270k which benefit our Major fundraising target to replenish reserves. A further grant of £647k was received from the Garfield Weston Foundation and is held as deferred income to support concerts and our digital strategy in 2021/22.

Box office income for our Manchester concerts at the Bridgewater Hall and Engagement income for concerts elsewhere in the UK would normally generate approximately £2.8m income. With no live concerts this source of income was removed. Many customers generously opted to convert their cancelled concert tickets to a donation or did not apply for refunds, providing £95k income in 2020/21.

Our Winter series of streamed concerts generated income of £67k in 2020/21 with a further £25k in 2021/22.

Costs associated with concerts that are solely streamed, rather than in front of live audiences, are not eligible for Orchestra Tax Relief (OTR)

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TRUSTEES’ REPORT

and therefore this important source of income was removed in 2020/21. We did record £113k of OTR in 2020/21 (2019/2020: £1,044k) which was the surplus of our actual claim for 2019/20 over the provision in the 2019/20 financial statements.

During 2020/21 we received £5.3m (2019/20: £3.3m) in respect of revenue grants from public sector bodies and we are grateful for the continued support from our major funders: ACE, Greater Manchester Combined Authority (GMCA) and Manchester City Council (MCC). This financial year revenue grants from public sector bodies also include £1.4m CJRS, £0.8m CRF and £50k through COVID retail support grants for which Hallé St Peter’s was eligible.

EXPENDITURE

A full analysis of expenditure on charitable activity is given in note 9. Total resources expended amounted to £6.7m (2020: £9.7m), a reduction of £3m.

In the base forecast the major assumptions are:-

As would be expected there was a significant reduction in the costs of performances and related activity, with a reduction of £2.4m, down to £5.5m. The major ongoing cost, despite the cessation of activity, is the salary cost of the orchestra (70+ players) and support staff (40). In addition, we produced a Winter series of 10 streamed concerts with an investment of £370k supported by the Culture Recovery Fund. With this investment we were able to produce a high quality series of films which enabled us to maintain ties with our existing audience and develop new audiences and sources of income. The activity also meant we were able to support our Bridgewater Hall partners to open the Bridgewater Hall for limited periods and provide work for our own orchestra as well as for a range of freelancers and technical experts (filming, audio and production) to realise the streaming project.

Fundraising costs of £225k (2019/20: £396k) mainly comprise staffing costs of the team with savings made in other areas due to reduced fundraising opportunities.

Costs associated with our venues at Hallé St Peter’s and Hallé St Michaels were £287k (2019/20: £203k). The increase is due to the largely fixed cost of running the newly opened Hallé St Peter’s for a full year, even with activities curtailed (the venue was only open for 4 months of the previous financial year).

The other main expenditure heading is pension costs of £275k associated with the defined benefit scheme: an interest cost of £203k on the liability and £72k administrative cost of the scheme.

GOING CONCERN ASSESSMENT

The Trustees have adopted the going concern basis in preparing these accounts after assessing the principal risks and the impact of a range of scenarios arising from COVID-19.

There are multiple uncertainties in attempting to forecast the impact of COVID-19; the major factors for the Hallé include: the extent and timing of the removal of COVID-related social distancing measures, the view taken by our host venues on re-opening (particularly in respect of our residency at the Bridgewater Hall), the ability/willingness of our audiences to return and the extent of government support.

The Trustees have considered the impact of COVID-19 on the Hallé for the next 18 months and the longer term. With the high degree of uncertainty making scenario planning very difficult, we have modelled a prudent base forecast and then stress-tested this with a number of potential downside factors. The forecast has been taken through to March 2023 and shows positive Expendable Reserves under both the base and more pessimistic forecasts.

Under this base scenario the Expendable Reserves are forecast to remain over £2 million at 31 March 2023.

The forecast was then stress tested for a number of potential downside factors in 2021/22 including reduced income from Concert activity, Fundraising and the Job Retention Scheme resulting in a reduction in income of £800k compared to the base forecast. For the financial year 2022/23 an overall additional £300k negative adjustment was made to allow for a variety of potential negative factors.

Under this more pessimistic scenario reserves will be significantly depleted but remain in surplus at 31 March 2023.

The Trustees have also based their going concern assessment on the potential for management actions to mitigate any worsening scenario, including those taken during 2020/21 such as salary reductions and vacancy freezes, as well as utilising restricted reserves. The £500k overdraft facility arranged under the CBILs scheme remains in place until April 2023.

Taking the above factors into account, the Trustees believe that the Charity is reasonably well placed to manage the operational and financial risks of COVID-19, and have a reasonable expectation that the Charity will have adequate resources to continue in operation for at least 12 months from the signing date of these consolidated financial statements. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

SUBSIDIARIES

The Society’s wholly owned subsidiary, Hallé Promotions Limited, did not trade during the year.

The Hallé Concerts Society Sickness and Benevolent Fund, which is a charity linked by a Charity Commission Uniting Direction, holds investments, which, at the discretion of the Society, may be applied to assist employees of the Society who are in temporary distress through poverty or sickness.

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TRUSTEES’ REPORT

The Sickness and Benevolent Fund is treated as a restricted fund of the Hallé Concerts Society for the purposes of the Company and Consolidated Statement of Financial Activities and is overseen by the Board of the Society. The income from this fund has traditionally been used to meet the costs of physiotherapy treatment and similar expenses. In 2018/19 the Board agreed that the cost of the premium for the health insurance for Orchestra players fitted within the objectives of the Fund and that the Fund would plan to cover this cost in the future (although this will be regularly reviewed in respect of affordability and longer-term planning for the Fund). The cost charged to the Fund in 2020/21 is £48k (2020: £46k) in addition to physiotherapy and similar benefits of £2k (2020: £9k).

The Charles Hallé Foundation holds funds raised from public donation, legacies and fundraising events. These funds are applied, at the discretion of the Foundation Trustees, to fund projects by the Society which would not otherwise be funded from core grant income. In 2020/21 the Charles Hallé Foundation received £273k in donations and legacies (2019/20: £239k) and raised £6k (2019/20: £23k) net income through fundraising events. Funds of £278k (2019/20: £409k) were transferred to the Society to support educational and other projects. Total funds at 5 April 2021 were £20k (2020: £21k).

The Hallé Endowment Trust holds long-term investments, the income from which is available to the Society, at the discretion of the Endowment Trustees, to further the education of the general public in the study, appreciation and practice of music and the allied arts through supporting the activities of the Society. The Endowment Trust comprises two funds – the Main Endowment and the Catalyst Endowment, which was established following an Arts Council England initiative which provided endowment match funding to donations received by the Hallé.

From 2017 the Trustees have adopted the total return approach to investment under the powers granted in Section 4 of the Trusts (Capital and Income) Act 2013. The Catalyst Fund will remain under current rules as it is an Arts Council based fund and subject to different arrangements from the Main Fund.

The power of total return permits the Trustees to invest permanently endowed funds to maximise total return and to apply an appropriate portion of the unapplied total return to income each year. The Trustees’ decision was taken in order to enable increased flexibility in the financial support provided by the Endowment to the Hallé Concerts Society.

The Hallé Endowment Trust has a year-end of 31 December; however, for the purposes of consolidation into the Group accounts, the results to 31 March 2021 (15 months) are consolidated into the 31 March 2021 Group financial statements.

The results of the Endowment Trust included in the consolidated results are as follows: During the 15 months to 31 March 2021 the Hallé Endowment Trust received donations and legacies of £186k and generated investment income of £179k (comparator figures from 2020 Group accounts for 12 months: £57k donations and legacies and £226k investment income). The investment gain consolidated into the group accounts is £1,156k (2020: £335k investment loss). A grant of £264k was granted to the Society in 2021 (2020: £283k). Total funds held by the Hallé Endowment Trust at 31 March 2021 were £7,251k (2020: £6,048k). More information regarding the investment performance is provided in the Investment Policy section below.

The Hallé 2058 Foundation funds are treated as restricted funds for the purposes of the Statement of Financial Activities and are overseen by the Board of the Society. The fund includes monies raised by the Hallé Appeal and supplements the core funding of the Society by striving to support the following: the Society’s artistic and educational programmes and initiatives such as the Hallé’s Youth and outreach activities including, inter alia , the Hallé Youth Orchestra, Hallé Youth and Children’s Choirs and the Hallé Assistant Conductor programmes together with any new

initiatives and developments in this area. Net income in 2020/21 was £41k (2019/20: £73k), increasing the fund balance to £1,001k.

SIGNIFICANT CHANGES IN FIXED ASSETS

Significant changes in fixed assets are detailed in note 12 of the financial statements. Fixed assets are held either for direct charitable purposes or to provide additional revenue for charitable purposes though event and catering income, as with the multi-use spaces at Hallé St Peter’s. Now that the Hallé St Peter’s capital project is complete there have been no major movements in fixed assets other than the annual depreciation charge (£418k) which is largely funded from the restricted funds set up with the donations to acquire these assets.

INVESTMENT POLICY & PERFORMANCE

An Investment sub-committee reviews the investment strategy and performance of the Society and its related entities. The management of the group’s investment portfolios is vested in Schroder & Co Ltd, via Cazenove Investment Managers who are a subsidiary of Schroders, and the following investment policies and strategic asset allocations have been adopted by the Trustees of the individual trusts. The investment managers have discretion to act within certain benchmark ranges.

The majority of investments are held by the Hallé Endowment Trust, within the Main Endowment Fund and the Catalyst Endowment Fund. A total return approach is adopted for the investment strategy, such that the investment objective focus is on maximising the overall investment return (gains and income) rather than maximising investment income. This is a separate but linked decision to the adoption of total return accounting for the Main Endowment Fund, which enables the Trustees to distribute investment gains as well as investment income, whereas the Catalyst Fund operates under permanent endowment rules which only allow the distribution of investment income.

The target return of the investment strategy is CPI +4% for all funds other than the Catalyst Fund. The investment objective for the Catalyst Fund is to provide income at +4% per annum and maintain the real value of the portfolio above inflation, reflecting the greater emphasis on distributable income.

The long term strategic asset allocation parameters and benchmarks for the portfolio for all funds during the year were as follows, although the actual allocations within the ranges may differ for each individual portfolio depending on the specific requirements.

Range Benchmark
Bonds 0%-30% 25% FTSE Brit Gov’t
Fixed All Stocks Index
25%BOFA ML £ Non-Gilts
Index
Equities (UK & International) 50%-80% FTSE All Share Index
FTSE World ex UK
Property and alternatives 0%-30% IPD Monthly Property
Index
Cash 0%-20% UK Interbank 7 day

The investment performance reported for the year to 31 March 2021 demonstrated a significant recovery from the losses experienced in the previous financial year, with an investment gain of £1,280k across the group’s portfolios, compared to investment losses of £378k in the previous year. This reflects the general recovery of stock markets from the downturn in March 2020. When investment income is taken into account the overall investment return in the year to 31 March 2021 was 25.2% for the Main Endowment Fund and 21.3% for the Catalyst Fund, compared to the target return of CPI+4% which was 4.74%. The Catalyst investment portfolio performed less well over the period because it is more focussed on income generating investments which performed less well than growth stocks. Clearly the 2020/21 financial

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year has been an unusual year for investment markets and investment performance should be reviewed over the longer term.

The graph below illustrates investment performance compared to benchmark and target over the last five years.

As explained above the relative performance of the Catalyst Fund has been negatively impacted by the pattern of recovery in investment markets over the last financial year, although over the five-year period it has returned just under CPI+4%. The other investment funds have outperformed the target and the benchmarks (the two ARC indices).

investments to provide support for the Society in the future. The Trustees are confident that the investment policy provides a good basis to achieve the investment objective over the medium and longer term and to secure this outcome.

There are currently no restrictions on the Trustees’ power to invest and the Trustees have not adopted an ethical investment policy in order that their flexibility to invest is not restricted. The Trustees are currently giving consideration to a policy more focussed on Environmental. Social and Governance (ESG) factors, recognising that a policy that takes account of these issues is likely to be beneficial in the longer term both in respect of investment returns and alignment with wider objectives.

The priority for the Trustees remains the longer term performance of the

FUNDRAISING PRACTICES

PAY POLICY FOR SENIOR STAFF

The majority of the Hallé’s fundraising is targeted at charitable trusts, companies and individuals who already have a relationship with the Orchestra, such as regular audience members. There is very little fundraising from the wider general public. The Society’s fundraising strategy is overseen by its Trustees and all its fundraising activity is conducted in line with the Fundraising Regulator Code of Fundraising Practice. The implementation of our fundraising strategy is mainly delivered by an in-house fundraising team with support from a professional fundraiser on bids to charitable trusts and foundations. This person does not carry out fundraising with the general public.

The Trustees consider the key management personnel to comprise the Trustees and the Chief Executive. All Trustees give of their time freely and no Trustee received remuneration in the year. The Board is responsible for setting the salary of the Chief Executive and delegates the setting and annual review of the Chief Executive’s salary to the Nominations and Remuneration Committee. The Chief Executive’s salary is normally increased in line with other management and administration salaries within the Society.

The Hallé is pleased to confirm that it has received no complaints in relation to its fundraising activity over the course of the 2020/21 year.

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TRUSTEES’ REPORT

RESERVES

The Trustees reviewed and approved the reserves policy in July 2021. The policy is stated below:-

In accordance with the Charities Statement of Recommended Practice (SORP) FRS 102 the Hallé Concerts Society has taken into account the risks facing the Charity in order to formulate an appropriate reserves policy. The major financial risks are perceived to be the short, medium and longer term consequences of the COVID pandemic on activities, the pressure on public sector funding (a major risk before the pandemic) and the defined benefit pension liability.

The Society aims to maintain expendable reserves at a level which will enable the Society to provide for contingencies, withstand periods of poor trading conditions or, in extreme circumstances, to manage a fundamental restructure of the Orchestra’s activities. On this basis the Trustees have previously set a target for expendable reserves of approximately £2,000k. The Trustees have reviewed the target level of reserves in light of the experience of the pandemic. The last 15 months has highlighted the significant level of fixed costs borne by the Society, particularly in respect of salaries (with a 70+ contract orchestra), our contractual commitment to the Bridgewater Hall and payments to reduce the defined benefit liability required under the recovery plan agreed with the pension trustees. With government support through the furlough scheme and the removal of the Bridgewater Hall contractual obligation because of force majeure due to government regulations these fixed costs have been mitigated. This does, however, demonstrate the vulnerability of the Society to unplanned reductions in income. Our ability to navigate the pandemic has been bolstered by our expendable reserves, however £2,000k represents less than 4 months of fixed costs. The Trustees have therefore increased the target level of reserves to £3,000k to represent 6 months of fixed costs.

For the purposes of this policy the Trustees define expendable reserves to be the General Fund and those restricted reserves where the funds are given to support activities which fall within the Society’s core purpose.

The level of expendable reserves at 31 March 2021 is £3,779k. The Trustees consider their expendable reserves at 31 March 2021 to comprise the General funds of the Group £644k, plus the reserves of the Hallé 2058 Foundation of £1,001k, plus the Monument and Oglesby revenue reserves of £2,134k.

The Trustees consider the level of reserves to be in line with the revised target of £3,000k. The current level exceeds the target, however this is prudent to allow extra headroom to manage the challenges and risks of the next financial year and beyond. The Monument and Oglesby reserves hold the balance (£2,134k) of the £2,500k raised in respect of the overall St Peter’s revenue fundraising target of £2,500k, to support activities in Hallé St Peter’s.

It is acknowledged that the expendable reserves include restricted reserves which have been given for specific purposes to support developmental activity and their disposition is overseen by the Board.

PLANS FOR FUTURE PERIODS

The Trustees’ key area of focus continues to be the long-term financial sustainability of the Society. This has always been a challenge and is exacerbated by the impact and uncertainty arising from the current pandemic. The Trustees will continue to work towards a balanced financial position and, with careful budget management, to rebuild and maintain a reasonable level of reserves that will allow the Hallé to plan for a sustainable future.

As described in detail in the going concern note on page 17 we have a reasonable expectation of continuing in business beyond the next 12 months and we are prepared for a significant effort over the next 12 months to restart activity in the Bridgewater Hall and other venues, bringing back audiences and participants in a safe and sustainable way to enjoy and benefit from all the Hallé has to offer.

This process will be led by Chief Executive, David Butcher supported by our experienced senior management team and committed Board of Trustees, led by Chair David McKeith.

During this period, we will continue to work closely with our public sector partners including ACE, GMCA and Manchester City Council and ASM Global who operate our main venue at the Bridgewater Hall.

We will continue to work closely with the Trustees of the defined benefit pension scheme to manage the challenges posed by the scheme in the interests of pensioners and the Society.

Once activity is able to resume we have a full programme of concerts planned at the Bridgewater Hall, together with touring engagements in the UK. Major audience development initiatives are continuing with the aim of diversifying and extending our reach. We will continue to develop our use of new digital media to develop deeper engagement with our current supporters and give wider access to our activities.

We plan to use our recently extended Hallé St Peter’s facility to its full potential, making the most of the opportunities provided by the vastly improved facilities to expand our audiences and community work, whilst providing excellent and cost effective alternative rehearsal space.

We will develop and implement our plan to embed inclusivity and relevance.

Our Hallé CONNECT activities will benefit particularly from the new facilities at St Peter’s. We will continue to work closely with Greater Manchester’s music services and with individual schools and community groups to reach children, young people and disadvantaged groups across the region. The Hallé is a strategic partner in the GM Music Hub and a delivery partner in the Manchester My Hub. In addition, we will continue to develop the Hallé youth and children’s ensembles and the work of the Hallé Choir described in more detail in the Chief Executive’s review of the year and expand the reach and impact of the recently launched Choral Leadership Network.

PRINCIPAL RISKS AND UNCERTAINTIES

As reported in previous years, the recognition of the defined benefit scheme pension liability under FRS 102 clearly has a major impact on the reported unrestricted reserves of the Group and the Society. This liability is updated annually to reflect market conditions and other actuarial assumptions. The liability at 31 March 2021 was calculated as £10,104k (2020: £9,516k). Although this is significant, it does not mean that an immediate liability for this amount crystallises.

The most recent formal actuarial valuation was carried out as at 31 March 2020 and as a result the Society has agreed a recovery plan with the pension fund Trustees to pay off the shortfall. The plan requires the Society to make payments of £492k per annum from 1 April 2021 until February 2046 increasing at 3% per annum. In addition, the Society will pay £100k as an allowance to cover pension scheme administrative expenses. Formal valuations are normally triennial but the next valuation may be brought forward to March 2022 due to the exceptional environment in March 2020 due to the pandemic.

The Trustees consider the major risks facing the Society are:

As reported earlier in this report, in order to mitigate the effects of these, there is a robust risk management framework in place, overseen by the Audit Committee and approved by the Board with ongoing monitoring of management actions and changes in the Society’s risk profile.

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STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES OF THE HALLÉ CONCERTS SOCIETY IN RESPECT OF THE TRUSTEES’ ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the Group and parent company financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice) including FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and charitable company and of the Group’s excess of income over expenditure for that period. In preparing each of the Group and Charitable Company financial statements, the Trustees are required to:

DISCLOSURE OF INFORMATION TO INDEPENDENT AUDITOR

The Trustees who held office at the date of approval of this Trustees’ report confirm that, so far as they are each aware, there is no relevant audit information of which the Company’s auditor is unaware; and each Trustee has taken all the steps that they ought to have taken as a Trustee to make themselves aware of any relevant audit information and to establish that the Company’s auditor is aware of that information.

Auditor

In accordance with Section 485 of the Companies Act 2006, a resolution for the reappointment of Crowe U.K. LLP as auditor of the Charitable Company will be proposed at the Annual General Meeting, together with a resolution empowering the Trustees to fix their remuneration.

By Order of the Board

David McKeith Chairman and Trustee

10 August 2021

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that its financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the group and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charitable Company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HALLÉ CONCERTS SOCIETY

OPINION

We have audited the financial statements of Hallé Concerts Society (‘the charitable company’) and its subsidiaries (‘the group’) for the year ended 31 March 2021 which comprise the Consolidated and Aggregated Summary Income and Expenditure Account, Consolidated and Aggregated Statement of Financial Activities, the Charitable Company Statement of Financial Activities, the Consolidated and Aggregated and Charitable Company Balance Sheets, the Consolidated and Aggregated Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s or the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not

cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion based on the work undertaken in the course of our audit

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In light of the knowledge and understanding of the group and charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 21, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the

22

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HALLÉ CONCERTS SOCIETY

going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

USE OF OUR REPORT

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

EXTENT TO WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Vicky Szulist Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor The Lexicon Mount Street Manchester M2 5NT

Date 12th August 2021

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company and the group for fraud. The laws and regulations we considered in this context for the UK operations were Employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence

23

CONSOLIDATED AND AGGREGATED SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021


Note
Gross income from charitable operations
Orchestra Tax Credit
Total income from continuing operations
Total expenditure for continuing operations
Surplus on ordinary activities for the year before transfers and asset disposals
Net income after interest and charges, before transfers
Transfer from endowment funds
19
Net income for the year
Dealt with by:
The Society
Subsidiary ompany and related trusts		 Before Exceptional
exceptional
items
items (note 3 (ii))
Total
Total

2021
2021
2021
2020
£’000
£’000
£’000
£’000
7,368
242
7,610
10,441
-
-
-
1,044
7,368
242
7,610
11,485
(6,661)
-
(6,661)
(9,652)
707
242
949
1,833
707
242
949
1,833

200
-
200
200
907
242
1,149
2,033
894
242
1,136
2,197
13
-
13
(164)
907
242
1,149
2,033

The notes on pages 29 to 51 form part of these financial statements.

24

CONSOLIDATED AND AGGREGATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
Income and endowments from:
Donations and legacies
5
Income from charitable activities
Orchestral activity and education
6
Income from other trading activities
Activities for generating funds
7
Income from investments
Other incoming resources
Orchestra Tax Credit
Total income and endowments
Expenditure
Expenditure on raising funds:
Costs of activities for raising funds
8
Investment management expenses
Expenditure on charitable activities
Orchestral activity and education
9
Other expenditure
Retirement Benefit Scheme costs
22
Total expenditure
Net income and net movement in funds before losses on investments
Net gains/ (losses) on investments
13
Net income before transfers
Transfers between funds
19
Net incoming resources before other recognised gains and losses
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension scheme
22
Net movement in funds
Reconciliation of funds
Total funds brought forward at 1 April
Total funds carried forward at 31 March
18		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
Total
2021
2021
2021
2021
2020
£’000
£’000
£’000
£’000
£’000

6,436
350
186
6,972
6,710

250
-
-
250
2,917

355
-
-
355
736
5
101
89
195
266
113
-
-
113
1,044
7,159
451
275
7,885
11,673

225
-
-
225
396
-
14
20
34
28

5,710
437
20
6,167
8,885

275
-
-
275
375
6,210
451
40
6,701
9,684
949
-
235
1,184
1,989

38
86
1,156
1,280
(378)
987
86
1,391
2,464
1,611

311
(111)
(200)
-
-
1,298
(25)
1,191
2,464
1,611

(889)
-
-
(889)
1,007
409
(25)
1,191
1,575
2,618
(9,834)
12,017
6,090
8,273
5,655

(9,425)
11,992
7,281
9,848
8,273

All incoming and outgoing resources derive from continuing operations. The Group has no gains and losses other than those recognised in this Statement of Financial Activities.

The accompanying notes on pages 29 to 51 form part of these financial statements.

Total investment income amounted to £195k (2020: £266k) of which £5k (2020: £23k) was unrestricted, £102k restricted (2020: £113k) and £88k (2020: £130k) accounted for within the Endowment Fund.

25

CHARITABLE COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
Income and endowments from:
Donations and legacies
5
Income from charitable activities:
Orchestral activity and education
6
Income from other trading activities
Activities for generating funds
7
Income from investments
Other incoming resources
Orchestra Tax Credit
Total income
Expenditure
Expenditure on raising funds:
Costs of activities for generating funds
8
Investment management expenses
Expenditure on charitable activities
Orchestral activity and education
9
Other expenditure
Retirement benefit scheme costs
22
Total expenditure
Net income and net movement in funds before gains and losses
on investments
Net gains/(losses) on investments
13
Net incoming resources before other recognised gains and losses
Transfers
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension scheme
22
Net movement in funds
Reconciliation of funds
Total funds brought forward at 1 April
Total funds carried forward at 31 March
18		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
Total
2021
2021
2021
2021
2020
£’000
£’000
£’000
£’000
£’000

6,704
349
-
7,053
7,106

250
-
-
250
2,917

350
-
-
350
713
4
11
-
15
41
113
-
-
113
1,044
7,421
360
-
7,781
11,821

225
-
-
225
383
-
2
-
2
2

5,708
435
-
6,143
8,862

275
-
-
275
375
6,208
437
-
6,645
9,622
1,213
(77)
-
1,136
2,199

38
85
-
123
(43)
1,251
8
-
1,259
2,156
47
(47)
-
-
-

(889)
-
-
(889)
1,007
409
(39)
-
370
3,163
(9,858)
12,018
42
2,202
(961)

(9,449)
11,979
42
2,572
2,202

All incoming and outgoing resources derive from continuing operations. The charitable company has no gains and losses other than those recognised in this Statement of Financial Activities.

The accompanying notes on pages 29 to 51 form part of these financial statements.

Total investment income amounted to £15k (2020: £41k) of which £4k (2020: £23k) was unrestricted and £11k restricted (2020: £18k).

26

CONSOLIDATED AND AGGREGATED AND CHARITABLE COMPANY BALANCE SHEETS AT 31 MARCH 2021

Hallé Concerts Society (A Charitable Company Limited by Guarantee) Company Number 62753

Note
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Liabilities:
Creditors:amounts falling due within one year
15
Net current assets
Total assets less liabilities excluding pension liability
Pension liability
22
Total assets less liabilities including pension liability
Capital funds
Endowments
Income funds
Restricted funds
Unrestricted funds:
Other charitable funds
Pension reserve
Total Funds
18
Group
Group
Company
Company
2021
2020
2021
2020
£’000
£’000
£’000
£’000

7,386
7,881
7,053
7,529

6,981
5,730
434
454
14,367
13,611
7,487
7,983

1,968
2,228
2,407
2,518
5,546
3,804
4,699
3,056
7,514
6,032
7,106
5,574

(1,929)
(1,854)
(1,917)
(1,839)
5,585
4,178
5,189
3,735
19,952
17,789
12,676
11,718

(10,104)
(9,516)
(10,104)
(9,516)
9,848
8,273
2,572
2,202
7,281
6,090
42
42
11,992
12,017
11,979
12,018
679
(318)
655
(342)
(10,104)
(9,516)
(10,104)
(9,516)
(9,425)
(9,834)
(9,449)
(9,858)

9,848
8,273
2,572
2,202

The notes on pages 29 to 51 form part of these financial statements.

These financial statements were approved by the Board of Trustees and signed on its behalf on 10 August 2021 by

David McKeith Chairman

Tim Edge Chairman of Audit Committee

27

CONSOLIDATED AND AGGREGATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Cash inflow from operating activities
Cash flows from investing activities:
Interest and dividends
Interest received
Interest paid
Dividends received
Net cash inflow from investing activities
Capital expenditure and financial investment
Payments to acquire tangible fixed assets
Receipts from sales of tangible fixed assets
Payments to acquire fixed asset investments
Receipts from sales of fixed asset investments
Net cash inflow/(outflow) from capital expenditure and financial investment
Reconciliation of net cash flows to movement in net funds
Increase/(decrease) in cash and cash equivalents in the year
Cash and cash equivalents at 1 April
Total cash and cash equivalents at 31 March
Notes to the group cash flow statement
Reconciliation of net movement in funds to net cash flow from operating activities
Net incoming resources (as per the SOFA)
Depreciation charge
Decrease in debtors
Increase in creditors
Increase/(decrease) in pension fund liability
(Gains)/losses on investments
Interest received
Interest paid
Investment income
Net cash inflow from operating activities
Analysis of net debt
Cash at hand and in bank		 2021
2020
£’000
£’000
1,539
3,001
8
26
(2)
(2)
187
241
193
265
(21)
(3,909)
-
20
(369)
-
400
100
10
(3,789)
1,742
(523)
3,804
4,327
5,546
3,804
1,575
1,611
418
184
260
753
171
529
588
(189)
(1,280)
378
(8)
(26)
2
2
(187)
(241)
1,539
3,001
At 1 April
Cash flow
At 31
2020
March
2021
£’000
£’000
£’000
3,804
1,742
5,546
3,804
1,742
5,546

The notes on pages 29 to 51 form part of these financial statements.

28

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

1 STATUS OF CHARITABLE COMPANY AND LIABILITY OF MEMBERS

The Hallé Concerts Society is a registered charity and a company limited by guarantee, incorporated in the UK. The registered office is: The Bridgewater Hall, Manchester M1 5HA.

Each member undertakes to contribute to the assets of the Society in the event of the Society being wound-up during the time he is a member, or within one year of ceasing to be a member. In the case of Subscribing Members this sum shall not exceed £5, but in the case of Permanent Members such sum shall not exceed the amount which the Board determined and agreed with the member when he or she became a member of the Society.

2 ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Group’s financial statements.

a) BASIS OF PREPARATION

The financial statements have been prepared in accordance with applicable accounting standards, in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The accounts are prepared under the historical cost accounting convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts.

The Society meets the definition of a public benefit entity under FRS 102.

The Society is considered to be a qualifying entity under FRS 102 and has taken advantage of the reduced disclosure framework of FRS 102 in respect of certain disclosures for the Company. No separate Company cash flow statement is included.

b) PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS

The Trustees have adopted the going concern basis in preparing these accounts after assessing the principal risks and the impact of a range of scenarios arising from COVID-19.

The Trustees have considered the impact of COVID-19 on the Hallé for the next 18 months and the longer term. With the high degree of uncertainty making scenario planning very difficult, we have modelled a prudent base forecast and then stress-tested this with a number of potential downside factors. The forecast has been taken through to March 2023 and shows positive Expendable Reserves under both the base and more pessimistic forecasts.

Under this base scenario the Expendable Reserves are forecast to remain over £2 million at 31 March 2023.

The forecast was then stress tested for a number of potential downside factors in 2021/22 including reduced income from Concert activity, Fundraising and the Job Retention Scheme resulting in a reduction in income of £800k compared to the base forecast. For the financial year 2022/23 an overall additional £300k negative adjustment was made to allow for a variety of potential negative factors.

Under this more pessimistic scenario reserves will be significantly depleted but remain in surplus at 31 March 2023.

The Trustees have also based their going concern assessment on the potential for management actions to mitigate any worsening scenario, including those taken during 2020/21. The £500k overdraft facility arranged under the CBILs scheme remains in place until April 2023.

Taking the above factors into account, the Trustees believe that the Charity is reasonably well placed to manage the operational and financial risks of COVID-19, and have a reasonable expectation that the Charity will have adequate resources to continue in operation for at least 12 months from the signing date of these consolidated financial statements. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

29

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

c) BASIS OF CONSOLIDATION AND AGGREGATION

The statement of financial activities (SOFA) and balance sheet of the Company include the Sickness and Benevolent Fund (a charity linked by a Charity Commission Uniting Direction).

The income and expenditure account, SOFA and balance sheet of the Group consolidate the financial statements of the charity and the results of the charity’s subsidiaries, with the exception that movements in endowment funds are not aggregated in the income and expenditure account in accordance with the SORP.

The Hallé Endowment Trust has a year end of 31 December and the Charles Hallé Foundation a year end of 5 April. For the purposes of consolidation, the results of the Hallé Endowment Trust to 31 March 2021 (15 months) are aggregated into the 31 March 2021 Group financial statements. Further information is included in note 24. The Charles Hallé Foundation has been aggregated based on the financial statements as at 5 April 2021.

The Society has taken advantage of section 408 of the Companies Act 2006 in not presenting its own income and expenditure account.

d) INCOME

Income from box office admissions, engagement fees and education workshops is included in incoming resources in the period in which the relevant performance takes place. Income relating to performances which take place after the year end is deferred.

Grants receivable from funders for general purposes are taken to the statement of financial activities in the year to which they relate.

All other income is recognised when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution, the grant of probate where known or the legacy being received. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution.

Gifts in kind are included in income when they are receivable. Gifts of shares are held at market value but not recognised as a realised gain until all restrictions on disposal have been met.

Income in the form of grants from the permanent endowment is unrestricted.

Orchestra tax relief is recognised in the period to which it relates.

e)

TAXATION

The Society is a registered charity and by virtue of its trading activities being in fulfilment of the objects of the Charitable Company, the Charitable Company is exempt from corporation tax on all charitable activities. The charge for taxation on the subsidiary company's non-charitable activities is based on the profit for the year.

f) EXPENDITURE

All expenditure is accounted for on an accruals basis, inclusive of irrecoverable VAT.

The costs of raising funds represents the costs of securing sponsorship and donations for the funds for the Society. Resources expended which form part of the Group’s trading activities are separately disclosed in fundraising trading.

The cost of activities in furtherance of the Group’s charitable objectives include costs directly incurred in undertaking those activities. Costs for future performances are deferred until the period in which the relevant performance takes place. Where costs cannot be directly attributed to particular categories they are apportioned on a basis consistent with the average consumption of resources as set out in the notes.

Governance costs represent the costs associated with the governance arrangements of the Group which relate to the strategic management of the Group as opposed to those costs associated with fundraising or charitable activity. They include the costs of external audit, legal and professional advice for Trustees and the costs of constitutional and statutory compliance.

Support costs relating to a single activity are allocated directly to that activity. Where support costs relate to several activities they have been apportioned on a basis consistent with the average consumption of resources as set out in note 10.

g) IRRECOVERABLE VAT

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

30

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

h) FUNDS

Unrestricted funds are those funds available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The purpose of each restricted fund is set out in note 18.

Within the Hallé Group there are two permanent endowment funds which are held within the Hallé Endowment Trust: the Main Endowment Fund and the Catalyst Endowment Fund.

The principal activity of the Hallé Endowment Trust is to maintain a capital endowment fund and to apply the annual income of that fund in perpetuity towards the education of the general public in the study, appreciation and practice of music and the allied arts by furthering and supporting the objects and work of the Hallé Concerts Society. As at 1 January 2017 the Trustees adopted the total return approach to investment accounting for the Main Endowment Fund, under the powers granted in Section 4 of the Trusts (Capital and Income) Act 2013. This allows any increase in the value of an investment to be treated as income. The Catalyst Endowment Fund is held as a segregated fund within the fund of the Hallé Endowment Trust under the terms of a Trust deed dated 29 October 2012 between the Hallé Concerts Society and the Arts Council of England.

Transfers between funds represent grants made by subsidiaries from restricted and endowment funds to the Society to support its activities in accordance with the terms of the subsidiary’s trust deeds.

i) TANGIBLE FIXED ASSETS

Assets with a purchase cost of less than £500 are not capitalised. All assets are held at cost except for certain musical instruments which were revalued.

Depreciation is provided so as to write off tangible fixed assets over their expected useful lives in equal instalments, as follows:

Fixtures and Fittings – Three to ten years Motor Vehicles – Five years Music Library – Five years Musical Instruments – Ten to twenty-five years Leasehold property – Twenty-five years

The musical instrument held by the Hallé Endowment Trust is re-valued at market value by the Trustees periodically based on the Trustees’ review of recent sales values of similar instruments.

The leasehold of Hallé St Peter’s was acquired from the Homes and Communities Agency for a period of 999 years at a peppercorn rent. The terms of the lease place restrictions on the use of the building and its disposition and therefore no value is placed on the leasehold itself.

j) INVESTMENTS

Investments are included at fair value, measured at bid value. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year. In relation to the Hallé Endowment Trust, the Trustees adopted a total return approach to the permanent endowment with effect from 1 January 2017. The return on investments determines the ability of the Endowment Trust to make grants to the Society.

Investments in subsidiary undertakings are valued at cost.

k) STOCKS

Stocks are valued at the lower of cost and net realisable value after making due allowance for any obsolete or slow-moving items.

l) PENSION COSTS

The Charitable Company’s defined benefit pension scheme was closed to future accrual in July 2006. For that scheme, current and past service costs and the interest cost and expected return on assets are charged to resources expended, and are allocated to appropriate expenditure categories. Actuarial gains and losses are recognised immediately in ‘other recognised gains and losses’.

The defined benefit scheme is funded, with the assets of the scheme held separately from those of the group, in a separate Trustee administered fund. The scheme’s assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit method and discounted at a rate equivalent to the current rate of return on a high quality corporate bond of equivalent currency and term to the scheme liabilities. Actuarial valuations are obtained at least triennially and are updated at each balance sheet date. The resulting defined benefit asset or liability is presented separately after other net assets on the face of the balance sheet.

The Society also operates a defined contribution pension scheme (Group Personal Pension Plan) for which the amount charged to the Statement of Financial Activities in respect of pension costs is the contributions payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either other creditors or prepayments in the balance sheet.

31

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

m) EXCEPTIONAL ITEMS

In order to provide further clarity to the users of the financial statements, a columnar format is used within the Consolidated Income and Expenditure statement to record exceptional items. These are items that, in the opinion of the Trustees, should be presented separately due to their size or qualitative materiality in order to give a better understanding of the recurring operational performance of the Group.

n) ACCOUNTING ESTIMATES AND JUDGEMENTS

Key sources of estimation uncertainty

In the application of the Group’s accounting policies, which are described above, the Trustees are required to make judgements, estimates and assumptions concerning the future. The resulting estimates will, by definition, seldom equal the related actual results. The estimates and associated assumptions are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are detailed below:

Defined benefit scheme

The Company has an obligation to pay pension benefits to certain employees. The cost of these benefits and the present value of the obligation depend on a number of factors including: life expectancy, salary increases, asset valuations and the discount rate of corporate bonds. Management estimates these factors in determining the net pension liability in the balance sheet. The assumptions reflect historical experience and current trends.

See note 22 for the disclosures relating to the defined benefit pension scheme. There are no critical accounting judgements.

3 MOVEMENT IN FUNDS

i) The net movement in funds is stated after charging:

) e ne movemen n uns s sae aer cargng:
Auditor remuneration - audit: - Group (including Society)
- Society alone
other services relating to taxation for the Group and the Society
Depreciation		 2021
2020
£’000
£’000
20
20
15
15
1
1
418
184

ii) The net movement in funds includes the following items which have been identified by the Trustees as exceptional:

Gross income from charitable operations
Total exceptional items		 2021
2020
£’000
£’000
242
2,604
242
2,604

Gross income includes £242k of Arts Council Capital Grant funding in respect of the Hallé St Peter’s capital scheme completed during 2020/21. In total the Arts Council provided funding of £4,800k. The ACE grant funding and capital donations are held in the restricted Fixed Asset reserve, against which the depreciation on St Peter’s Phase 2 is charged. The income is categorised as exceptional because it has been received in connection with a capital appeal and is outside of the usual operational activities of the Hallé.

4 SUBSIDIARY COMPANY

The Hallé Concerts Society owns the whole of the issued ordinary share capital of Hallé Promotions Limited, a company registered in England. The company undertook no transactions during the year.

32

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

5 DONATIONS AND LEGACIES

DONATIONS AND LEGACIES

Group
Grants receivable
Revenue grants receivable:
Arts Council England
GM Combined Authority
Job Retention Scheme
Culture Recovery Fund
Manchester City Council Retail, Leisure & Hospitality
Manchester City Council
Total revenue grants receivable
Other grants receivable:
Arts Council capital grant
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total donations and legacies

Company
Grants receivable
Revenue grants receivable:
Arts Council England
GM Combined Authority
Job Retention Scheme
Culture Recovery Fund
Manchester City Council Retail, Leisure & Hospitality
Manchester City Council
Total revenue grants receivable
Other grants receivable:
Arts Council capital grant
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total donations and legacies		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2021
2021
2021
2021
£’000
£’000
£’000
£’000
2,122
-
-
2,122
749
-
-
749
1,344
-
-
1,344
740
-
-
740
50
-
-
50
297
-
-
297
5,302
-
-
5,302
-
242
-
242
-
242
-
242
925
108
186
1,219
29
-
-
29
180
-
-
180
1,134
108
186
1,428
6,436
350
186
6,972
Unrestricted
Restricted Endowment
Funds
funds
Funds
Total
2021
2021
2021
2021
£’000
£’000
£’000
£’000
2,122
-
-
2,122
749
-
-
749
1,344
-
-
1,344
740
-
-
740
50
-
-
50
297
-
-
297
5,302
-
-
5,302
-
242
-
242
-
242
-
242
1,193
107
-
1,300
29
-
-
29
180
-
-
180
1,402
107
-
1,509
6,704
349
-
7,053

33

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

5 DONATIONS AND LEGACIES (CONTINUED)



Group
Grants receivable
Revenue grants receivable:
Arts Council England
GM Combined Authority
Job Retention Scheme
Manchester City Council
Total revenue grants receivable
Other grants receivable:
Arts Council capital grant
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total donations and legacies

Company
Grants receivable
Revenue grants receivable:
Arts Council England
GM Combined Authority
Job Retention Scheme
Manchester City Council
Total revenue grants receivable
Other grants receivable:
Arts Council capital grant
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total donations and legacies		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2020
2020
2020
2020
£’000
£’000
£’000
£’000
2,084
2,084
749
-
-
749
80
80
337
-
-
337
3,250
-
-
3,250
-
2,532
-
2,532
-
2,532
-
2,532
462
254
57
773
30
-
-
30
125
-
-
125
617
254
57
928
3,867
2,786
57
6,710
Unrestricted
Restricted Endowment
Funds
funds
Funds
Total
2020
2020
2020
2020
£’000
£’000
£’000
£’000
2,084
-
-
2,084
749
749
80
-
-
80
337
337
3,250
-
-
3,250
-
2,532
-
2,532
-
2,532
-
2,532
916
254
1170
30
-
-
30
124
-
-
124
1,070
254
-
1,324
4,320
2,786
-
7,106

34

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

6 INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES
Orchestral concerts and related work
Box office income (Manchester promotions)
Engagement income
Broadcasts, recordings and other income
Education and outreach
Hallé St Peter’s & St Michael’s		 Group
Group
and
and
Company
Company
2021
2020
£’000
£’000
131
1,552
-
1,072
48
111
179
2,735
24
132
47
50
250
2,917

Income from charitable trading activities was all unrestricted as in the previous year.

7 INCOME FROM OTHER TRADING ACTIVITIES

Sponsorship and other income
Corporate sponsorship
Fundraising events
Other income
Total activities for generating funds		 Group
Group
Company
Company
2021
2020
2021
2020
£’000
£’000
£’000
£’000
205
470
205
470
6
23
1
-
144
243
144
243
355
736
350
713

Income from other trading activities was all unrestricted as in the previous year.

8 EXPENDITURE ON RAISING FUNDS

Fundraising salary & administration costs
Allocated support costs		 Group
Group
Company
Company
2021
2020
2021
2020
£’000
£’000
£’000
£’000
193
360
193
347
32
36
32
36
225
396
225
383

Expenditure on raising funds was all unrestricted as in the previous year.

35

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

9 COSTS OF CHARITABLE ACTIVITY



Group
Orchestral concerts and related work
Orchestra, related staff and other costs
Conductors and soloists
Travel and subsistence
Hall hire
Sundry concert costs
Music and instrument hire
Recording costs
Marketing & Communications
Box office charges
Programme costs
Depreciation
Support costs
Education and outreach
Direct Education costs
Choir, Youth Orchestra, Youth Choir & Children’s Choir
Support costs
Hallé St Peter’s & St Michael’s
Costs
Operational costs
St Peter’s Phase 2 expenditure
Payments to beneficiaries
Total charitable expenditure		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2021
2021
2021
2021
£’000
£’000
£’000
£’000
3,427
-
-
3,427
311
-
-
311
2
-
-
2
96
-
-
96
261
-
-
261
27
-
-
27
24
-
-
24
300
-
-
300
24
-
-
24
1
-
-
1
53
345
20
418
570
4
-
574
5,096
349
20
5,465
81
38
-
119
214
-
-
214
32
-
-
32
327
38
-
365
284
-
-
284
3
-
-
3
287
-
-
287
-
50
-
50
5,710
437
20
6,167

Company charitable expenditure is analysed overleaf.

36

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

9 COSTS OF CHARITABLE ACTIVITY (CONTINUED)

COSTS OF CHARITABLE ACTIVITY (CONTINUED)

Group
Orchestral concerts and related work
Orchestra, related staff and other costs
Conductors and soloists
Augmenting extra players
Hall hire
Sundry concert costs
Music and instrument hire
Recording costs
Marketing & Communications
Box office charges
Programme costs
Depreciation
Support costs
Education and outreach
Direct Education costs
Choir, Youth Orchestra, Youth Choir, & Children’s Choir
Support costs
Hallé St Peter’s & St Michael’s
Costs
Operational costs
St Peter’s Phase 2 expenditure
Payments to beneficiaries
Total charitable expenditure		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2020
2020
2020
2020
£’000
£’000
£’000
£’000
4,347
-
-
4,347
627
225
-
852
173
-
-
173
709
-
-
709
147
-
-
147
80
-
-
80
56
36
-
92
439
-
-
439
154
-
-
154
52
-
-
52
23
145
16
184
660
3
-
663
7,467
409
16
7,892
208
72
-
280
307
111
-
418
37
-
-
37
552
183
-
735
190
-
-
190
-
13
-
13
190
13
-
203
-
55
-
55
8,209
660
16
8,885

37

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

9 COSTS OF CHARITABLE ACTIVITY (CONTINUED)

9
COSTS OF CHARITABLE ACTIVITY (CONTINUED)

Company
Orchestral concerts and related work
Orchestra, related staff and other costs
Conductors and soloists
Travel and subsistence
Hall hire
Sundry concert costs
Music and instrument hire
Recording costs
Marketing & Communications
Box office charges
Programme costs
Depreciation
Support costs
Education and outreach
Direct Education costs
Choir, Youth Orchestra, Youth Choir, & Children’s Choir
Support costs
Hallé St Peter’s & St Michael’s Costs
Operational costs
St Peter’s Phase 2 expenditure
Payments to beneficiaries
Total charitable expenditure		 Unrestricted
Restricted Endowment
Funds
funds
Funds
Total
2021
2021
2021
2021
£’000
£’000
£’000
£’000
3,427
-
-
3,427
311
-
-
311
2
-
-
2
96
-
-
96
262
-
-
262
27
-
-
27
24
-
-
24
300
-
-
300
23
-
-
23
1
-
-
1
53
345
-
398
568
2
-
570
5,094
347
-
5,441
81
38
-
119
214
-
-
214
32
-
-
32
327
38
-
365
284
-
-
284
3
-
-
3
287
-
-
287
-
50
-
50
5,708
435
-
6,143

38

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

9 COSTS OF CHARITABLE ACTIVITY (CONTINUED)

COSTS OF CHARITABLE ACTIVITY (CONTINUED)

Company
Orchestral concerts and related work
Orchestra, related staff and other costs
Conductors and soloists
Travel and subsistence
Hall hire
Sundry concert costs
Music and instrument hire
Recording costs
Marketing & Communications
Box office charges
Programme costs
Depreciation
Support costs
Education and outreach
Direct Education costs
Choir, Youth Orchestra, Youth Choir, & Children’s Choir
Support costs
Hallé St Peter’s & St Michael’s
Costs
Operational costs
St Peter’s Phase 2 feasibility costs
Payments to beneficiaries
Total charitable expenditure		 Unrestricted
Restricted Endowment
Funds
funds
Funds
Total
2020
2020
2020
2020
£’000
£’000
£’000
£’000
4,368
-
-
4,368
627
224
-
851
173
-
-
173
709
-
-
709
148
-
-
148
79
-
-
79
56
36
-
92
439
-
-
439
154
-
-
154
52
-
-
52
23
145
-
168
656
1
-
657
7,464
406
-
7,870
208
73
-
281
307
110
-
417
36
-
-
36
551
183
-
734
190
-
-
190
-
13
-
13
190
13
-
203
-
55
-
55
8,204
657
-
8,862

39

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

10 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS


Group
Management and Finance
Sundry office & operational costs
Professional and consultancy fees
Company
Management and Finance
Sundry office and operational costs
Professional and consultancy fees		 Orchestral
Education Fundraising
Total
work
2021
2021
2021
2021
£’000
£’000
£’000
£’000
372
21
21
414
174
10
10
194
28
1
1
30
574
32
32
638
Orchestral
Education Fundraising
Total
work
2021
2021
2021
2021
£’000
£’000
£’000
£’000
372
21
21
414
173
10
10
193
25
1
1
27
570
32
32
634

Support costs are apportioned on a percentage basis reflecting the time spent in a normal year to support each area of activity.

Group
Management and Finance
Sundry office & operational costs
Professional and consultancy fees
Company
Management and Finance
Sundry office & operational costs
Professional and consultancy fees		 Orchestral
Education Fundraising
Total
work
2020
2020
2020
2020
£’000
£’000
£’000
£’000
399
22
22
443
218
12
12
242
46
3
3
52
663
37
37
737
Orchestral
Education Fundraising
Total
work
2020
2020
2020
2020
£’000
£’000
£’000
£’000
399
21
21
441
218
12
12
242
40
3
3
46
657
36
36
729

Support costs are apportioned on a percentage basis reflecting the time spent working to support each area of activity.

40

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

11 (A) STAFF NUMBERS AND COSTS

The average number of staff employed during the year, analysed by category, was as follows:

Orchestral musicians
Administrative and other non-playing personnel
The aggregate payroll costs of these persons were as follows:
Salaries and fees
Employers’ National Insurance contributions
Employers’ Group Personal Pension Plan pension contributions		 Group
Group
and
and
Company
Company
2021
2020
Number
Number
76
74
44
46
120
120
Group
Group
and
and
Company
Company
2021
2020
£’000
£’000
3,448
3,579
328
345
396
424
4,172
4,348

11 (B) REMUNERATION OF TRUSTEES AND EMPLOYEES

The Trustees consider the Key Management Personnel to comprise the Trustees and the Chief Executive. The Trustees receive no remuneration nor reimbursement of expenses and derive no financial benefit from their services to the Society. Employee benefits amounting to £98k (2020: £101k) were received by Key Management Personnel in 2020/21. The Chief Executive’s pay is reviewed each year and normally raised in line with other management salaries.

The number of employees whose emoluments (salaries and benefits in kind) amounted to more than £60,000 during the year was as follows:

2021 2020
Number Number
£60,001-£70,000 1 1
£90,001-£100,000 - 1

The employers’ contribution to the Hallé Group Personal Pension Plan for the above employees was £7k (2020: £20k).

In 2020/21 the pay of those normally earning above £60,000 has been reduced by pay reduction measures to mitigate the impact of COVID financial losses and impacted by part year salaries for the retiring and incoming CEOs.

41

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

12 TANGIBLE FIXED ASSETS


Group
Cost or valuation
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
Disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Company
Cost or valuation
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
Disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Leasehold
Music
Musical
Fixtures
Motor
Total
Property
Library Instruments
&
Vehicles
Fittings
£’000
£’000
£’000
£’000
£’000
£’000
7,526
95
1,024
561
175
9,381
(118)
-
-
25
-
(93)
-
-
(8)
-
(94)
(102)
7,408
95
1,016
586
81
9,186
402
95
510
376
117
1,500
308
-
33
67
10
418
-
-
(8)
-
(110)
(118)
710
95
535
443
17
1,800
6,698
-
481
143
64
7,386
7,124
-
514
184
59
7,881
7,526
95
627
560
176
8,984
(118)
-
-
25
-
(93)
-
-
(11)
-
(95)
(106)
7,408
95
616
585
81
8,785
402
95
465
376
117
1,455
308
-
13
67
10
398
-
-
(11)
-
(110)
(121)
710
95
467
443
17
1,732
6,698
-
149
143
63
7,053
7,124
-
153
198
54
7,529

Negative additions to leasehold property of £118k comprise £106k over-accrual for outstanding scheme costs (based on valuation estimates at 31 March 2020 which were reduced when the project was completed) and £12k previously capitalised costs which have this year been corrected and charged to expenditure.

CAPITAL COMMITMENT

At 31 March 2021 the Society had capital commitments of £nil (2020: £nil).

REVALUATIONS

The Music Library and Musical Instruments held by the Society itself were re-valued on an open market basis at 31 March 1998 to £30k and £179k respectively. In accordance with Charities SORP FRS 102 and with the transitional provisions of FRS 102, these valuations have not been updated as this is considered to be the deemed cost. Under the historical cost convention accounting rules, the net book value of the Music Library and Musical Instruments at 31 March 2021 would have been £nil and £15k respectively. The musical instrument held by the Hallé Endowment Trust was revalued to £400k as at 1 January 2017. The revaluation was undertaken by reference to the Coutts index by the Hallé senior management team. Under the historical cost convention accounting rules, the net book value of the instrument at 31 December 2020 would have been £nil in the Endowment Trust’s books.

All tangible fixed assets are used for direct charitable purposes.

42

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

13 INVESTMENTS

INVESTMENTS
Fair value at 1 April 2020
Net disposals
Additions
Change in market value
Fair value at 31 March 2021		 Group
Company
£’000
£’000
5,730
454
(399)
(398)
370
255
1,280
123
6,981
434

The following table shows the valuation and allocation of assets at 31 March 2021. The majority of holdings are in common investment funds.

Quoted investments:
UK equities
International equities
UK bonds
International bonds
Alternatives
Other
Property
Shares in Group companies
At cost
Provision for impairment
Quoted investments:
At fair value		 £’000
%
£’000
%
940
14
50
11
3,924
56
251
58
496
7
18
4
395
6
26
6
169
2
16
4
511
7
34
8
546
8
39
9
6,981
100
434
100
Group
Group
Company
Company
2021
2020
2021
2020
£’000
£’000
£’000
£’000
1
1
1
1
(1)
(1)
(1)
(1)
-
-
-
-
6,981
5,730
434
454
6,981
5,730
434
454

All investments are held at fair value, except for shares in group companies. Investments in UK equities (and bonds) are traded on quoted public markets primarily the London Stock Exchange. Holdings in common investment funds and Unit Trusts are at bid price. The basis of fair value for quoted investments is equivalent to market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

The Society holds the following investments in Group companies registered in England. The investments represent 100% of the issued ordinary share capital of the following company:

100 £1 ordinary shares in Hallé Promotions Limited, a company engaged in publicity and advertising which was dormant throughout the year.

In addition to the aforementioned subsidiary, the following trusts are aggregated on the basis that they are considered to be subsidiaries of the Society: Hallé Endowment Trust and Charles Hallé Foundation; the Hallé Concerts Society Sickness and Benevolent Fund is linked under a Charity Commission Uniting Direction and therefore included within the Company figures.

The aggregate of the share capital and reserves/funds as at 31 March 2021 and of the income or expenditure for the period ended on that date for the subsidiary undertakings were as follows:

Aggregate of share
capital and reserves/
Income/
funds
(expenditure)
£000
£000
Hallé Endowment Trust (charity number:286145) 7,251
1,203
Charles Hallé Foundation (charity number:236149) 20
(1)
Hallé Promotions Limited (company number:02592501) 5
-

43

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

14 DEBTORS

14 DEBTORS
Group Group Company Company
2021 2020 2021 2020
£’000 £’000 £’000
£’000
Trade debtors 133 623 133 623
Amounts owed by connected charities 4 14 4 14
Amounts owed by group charities - - 484 386
Other debtors 290 85 289 78
Prepayments and accrued income 1,541 1,506 1,497 1,417
1,968 2,228 2,407 2,518
All debtors fall due within one year.
15 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Note Group Group Company Company
2021 2020 2021 2020
£’000 £’000 £’000 £’000
Trade creditors 369 365 369 365
Amounts owed to group charities - - - -
Taxation and social security 96 98 96 98
Other creditors 40 51 40 51
Deferred income 16 736 648 736 644
Accruals 688 692 676 681
1,929 1,854 1,917 1,839
16 DEFERRED INCOME
Group Company
£’000 £’000
As at 1 April 2020 648 644
Amount released to incoming resources (648) (644)
Amount deferred in the year 736 736
As at 31 March 2021 736 736

Deferred income at 31 March 2021 includes £648k of grant income awarded to fund activities in 2021/22. The remaining deferred income is sales relating to streamed concerts which were released after the year end.

17 FINANCIAL INSTRUMENTS

Financial assets measured at amortised cost
Financial assets measured at fair value
Financial liabilities measured at amortised cost		 2021
2020
£’000
£’000
7,514
6,032
6,981
5,730
(1,929)
(1,854)

Group financial assets measured at amortised cost are cash, trade debtors, other debtors, prepayments and accrued income. Impairment losses charged to financial assets measured at amortised cost in the year amounted to £nil (2020: £nil).

Group financial assets measured at fair value are the investments.

Group financial liabilities measured at amortised cost are trade creditors, other creditors and accruals.

44

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

18 ANALYSIS OF TOTAL FUNDS

Group
Unrestricted reserves
General funds
Designated funds:
St Peter’s maintenance fund
Pension reserve
Total unrestricted funds
Restricted funds
Fixed asset reserves
St Peter’s capital fund
St Peter’s capital fund - Phase 2
ACE capital funding – Phase 2
Monument artistic
Monument St Peter’s revenue
Oglesby St Peter’s revenue
Oglesby revenue challenge
St Peter’s artistic fund
Education and outreach
Hallé 2058 Foundation
Sickness & Benevolent fund
Charles Hallé Restricted Funds
Hallé Endowment Trust
Total restricted funds
Endowment Funds
HET Endowment fund
HET Catalyst Endowment fund
HCS Endowment fund
Total endowment funds
Total funds		 At 31
Income Expenditure Actuarial &
Transfers
At 31
March
Investment
March
2020
Gains/
2021
(losses)
£’000
£’000
£’000
£’000
£’000
£’000
(318)
7,159
(5,935)
38
(300)
644
-
-
-
-
35
35
(9,516)
-
(275)
(889)
576
(10,104)
(9,834)
7,159
(6,210)
(851)
311
(9,425)
53
-
(8)
-
-
45
922
-
(78)
-
-
844
1,435
30
(260)
-
(183)
1,022
4,598
242
-
-
-
4,840
1,597
-
-
-
44
1,641
1,250
-
-
-
-
1,250
500
-
-
-
-
500
283
-
-
-
101
384
100
-
-
-
(9)
91
-
38
(38)
-
-
-
959
43
(1)
-
-
1,001
320
7
(51)
86
-
362
-
-
-
-
-
-
-
91
(15)
-
(64)
12
12,017
451
(451)
86
(111)
11,992
3,788
228
(40)
710
(200)
4,486
2,260
47
-
446
-
2,753
42
-
-
-
-
42
6,090
275
(40)
1,156
(200)
7,281
8,273
7,885
(6,701)
391
-
9,848

45

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

18 ANALYSIS OF TOTAL FUNDS (CONTINUED)

Company
Unrestricted reserves
General funds
Designated Funds:
St Peter’s maintenance fund
Pension reserve
Total unrestricted funds
Restricted funds
Fixed asset reserves
St Peter’s capital fund
St Peter’s capital fund – Phase 2
ACE capital funding – Phase 2
Monument artistic
Monument St Peter’s revenue
Oglesby St Peter’s revenue
Oglesby revenue challenge
St Peter’s artistic fund
Education & outreach
Hallé 2058 Foundation
Sickness & Benevolent Fund
Total restricted funds
Endowment Funds
HCS Endowment fund
Total Endowment funds
Total funds		 At 31
Income Expenditure Actuarial &
Transfers
At 31
March
Investment
March
2020
Gains/(losses)
2021
£’000
£’000
£’000
£’000
£’000
£’000
(342)
7,421
(5,933)
38
(564)
620
-
-
-
-
35
35
(9,516)
-
(275)
(889)
576
(10,104)
(9,858)
7,421
(6,208)
(851)
47
(9,449)
53
-
(8)
-
-
45
922
-
(78)
-
-
844
1,435
30
(260)
-
(183)
1,022
4,598
242
-
-
-
4,840
1,597
-
-
-
44
1,641
1,250
-
-
-
-
1,250
500
-
-
-
-
500
283
-
-
-
101
384
100
-
-
-
(9)
91
1
38
(39)
-
-
-
959
43
(1)
-
-
1,001
320
7
(51)
85
-
361
12,018
360
(437)
85
(47)
11,979
42
-
-
-
-
42
42
-
-
-
-
42
2,202
7,781
(6,645)
(766)
-
2,572

Restricted funds

All restricted funds are used in line with the original restrictions imposed by the donors.

Endowment funds

Endowments amounting to £42k (2020: £42k) represent the amounts received from members under Article 10 of the Articles of Association.

Funds held in the Hallé Endowment Trust are in respect of public donations received. All endowment funds are in respect of permanent endowments. The Catalyst Endowment Fund was originally an Arts Council initiative matching £ for £ donations raised up to a maximum of £1,000k, achieved in May 2015. All funds raised for the Catalyst Fund are invested in a separately designated fund within the Hallé Endowment Trust.

46

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

19 TRANSFERS BETWEEN FUNDS


Group
Transfers between funds
HET donation to Society funds
HET Catalyst donation to Society funds
HET Endowment to Restricted
HCS restricted to HCS unrestricted
Total transfers between funds		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2021
2021
2021
2021
£’000
£’000
£’000
£’000
200
(200)
-
-
64
(64)
-
-
-
200
(200)
-
47
(47)
-
-
311
(111)
(200)
-

20 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS



Balances at 31 March 2021 represented by:
Tangible assets
Investments
Current assets
Current liabilities
Pension liability
Total net assets

Balances at 31 March 2020 represented by:
Tangible assets
Investments
Current assets
Current liabilities
Pension liability
Total net assets		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2021
2021
2021
2021
£’000
£’000
£’000
£’000
310
6,744
332
7,386
-
434
6,547
6,981
2,288
4,814
412
7,514
(1,919)
-
(10)
(1,929)
(10,104)
-
-
(10,104)
(9,425)
11,992
7,281
9,848
Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2020
2020
2020
2020
£’000
£’000
£’000
£’000
351
7,178
352
7,881
98
356
5,277
5,731
1,078
4,484
470
6,032
(1,845)
(1)
(9)
(1,855)
(9,516)
-
-
(9,516)
(9,834)
12,017
6,090
8,273

In respect of the Hallé Endowment Trust, the Charles Hallé Foundation and the Hallé Concerts Society Sickness and Benevolent Fund, there are adequate funds available to fulfil the obligations of the trusts.

Also included within other restricted funds are reserves in respect of fixed assets as disclosed in note 18. Current assets in endowment funds include £609k held in cash (2020: £639k). Current liabilities in endowment funds represent amounts due to Hallé Concerts Society in respect of donations approved, not paid over at the year end.

21 STATEMENT OF CHANGES IN RESOURCES AVAILABLE FOR CHARITABLE GROUP’S USE


Net movement in funds for the year
Net decrease in tangible fixed assets for direct charitable purposes
Net movement in funds available for future activities		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2021
2021
2021
2021
£’000
£’000
£’000
£’000
409
(25)
1,191
1,575
41
434
-
475
450
409
1,191
2,050

Net movement in funds for the year
Net (increase)/decrease in tangible fixed assets for direct charitable purposes
Net movement in funds available for future activities		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
Total
2020
2020
2020
2020
£’000
£’000
£’000
£’000
1,091
1,907
509
3,507
(73)
73
-
-
1,018
1,980
509
3,507

47

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

22 PENSIONS

Defined contribution pension scheme

Since 1 April 2014 the Hallé Concerts Society auto enrols all eligible employees into a contributory Group Personal Pension Plan (GPPP) with Royal London. Prior to this, a contributory Stakeholder Scheme was offered to all permanent employees with Standard Life. Employees joining the GPPP contract directly with Royal London. All contributions are charged to the income and expenditure account as they arise. Contributions are made under a salary sacrifice arrangement The pension cost charge for the current year was £396k (2020: £436k).

Defined benefit pension scheme

The Society’s defined benefit pension scheme (the Hallé Concerts Society Retirement Benefits Scheme) which provided benefits based on final pensionable salary, was closed to future accrual of benefits from 1 July 2006. The assets of the Scheme are held separately from those of the Society in a Trustee-administered fund. The full triennial actuarial valuation at 31 March 2020 showed a deficit of £15,310k on the Trustees’ (technical provisions) funding basis.

The Trustees agreed a revised plan with the Society following the 2020 valuation to pay off the deficit by 28 February 2046. This requires the Society to make payment of £477k for 1 April 2020-31 March 2021 followed by payments of £492k per annum for 24 years and 11 months from 1 April 2021 increasing at 3% per annum, plus administration costs of £100k per annum.

The 31 March 2021 defined benefit obligation includes a loading to reflect the estimated additional liability arising in respect of the requirement to equalise Guaranteed Minimum Pensions (GMPs) in the Scheme following the October 2018 High Court ruling in respect of the Lloyds pensions schemes.

The Society contributed £577k to the Scheme in the 2020/21 financial year including administration expenses paid.

The pension liability under the FRS102 accounting requirements is calculated separately by a qualified independent actuary as shown below. The following information relates to the Group and the Company.

Change in benefit obligation
Benefit obligation at start of year
Current service cost company only, including administration expenses
Interest cost
Actuarial gains/(losses)
Benefits paid
Administration expenses paid
Past service costs and curtailments
-
Benefit obligation at end of year
Change in scheme assets
Fair value of scheme assets at start of year
Expected return on scheme assets
Actuarial Gains/(losses)
Employer contributions
Administration expenses paid
Benefits paid
Fair value of scheme assets at end of year
Funded status		 2021
2020
£’000
£’000
25,000
26,300
72
112
541
648
2,613
(1,153)
(854)
(795)
(72)
(112)

~~-~~
27,300
25,000
15,484
15,588
337
385
1,724
(146)
577
564
(72)
(112)
(854)
(795)
17,196
15,484
(10,104)
(9,516)

48

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

Defined benefit pension scheme (continued)

Defined benefit pension scheme (continued)
Components of pension cost 2021
2020
£’000 £’000
Amounts recognised in resources expended
Administration expenses paid 72
112
Net interest cost (on defined benefit liability) 203
263
Total pension cost recognised within other expenditure 275
375
Re-measurements recognised in other gains/(losses)
Actuarial gains/(losses) on the assets 1,724
(146)
Actuarial (losses)/gains on the liabilities (2,613)
1,153
Total (loss)/gain recognised in other recognised gains and losses (889)
1,007
All pension costs for the current and preceding year are recognised in unrestricted funds.
Scheme assets 2021
2020
£000
£000
The major categories of Scheme assets, measured at fair value are:
Asset category
Equities/Diversified growth 7,186
6,169
Corporate bonds and property 7,132
6,566
Government bonds 1,928
2,247
Cash and net current assets 950
502
17,196
15,484
2021 2020
The expected return on assets: 2.10%
2.20%
Actual return on scheme assets (£’000) 2,061
239
The major weighted average assumptions used by the Actuary to determine benefit obligations were:
Discount rate 2.10%
2.20%
Rate of increase in salaries N/A
N/A
Rate of increase of pensions in payment for members retiring
on or after 1/8/1993 inflation linked up to 5% 3.40%
2.85%
Rate of increase of pensions in payment for members retiring before 1/8/1993 3% fixed 3.00%
3.00%
Rate of inflation (RPI) 3.50%
2.90%
Rate of inflation (CPI) 2.70%
2.00%
Weighted average life expectancy for mortality tables used to determine benefit obligations at 31 March
2021 2020
Mortality table pre- and post-retirement 93% S3PA
90% S2PA
YOB
YOB
CMI 2019
CMI 2017
1.25%
1.25%
Pre-retirement
Life expectancy at 65 of male member currently aged 45 24
24
Life expectancy at 65 of a female member currently aged 45 26
26
Post-retirement
Life expectancy of male member currently aged 65 23
22
Life expectancy of a female member currently aged 65 25
24
Allowance for early retirements No
No
Allowance for members to commute pension for tax free cash Maximum Allowed at Maximum allowed at
80% of value
80% of value
commuted
commuted

49

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

24 CONSOLIDATION OF HALLÉ ENDOWMENT TRUST

25 TOTAL RETURN INVESTMENT – MAIN ENDOWMENT

23 RELATED PARTY TRANSACTIONS

The Charitable Company has relied on the exemption in FRS 102 (s33.1A), which does not require the disclosure of transactions between whollyowned subsidiaries which are consolidated.

The Society has a connected charity: the Terence Judd Trust. This Trust made contributions to the Society of £4k (2020: £4k) for administration costs during the current year and owed £4k (2020: £13.5k) to the Society at the year end.

The contact address of the connected charity is the Bridgewater Hall, Manchester.

None of the Trustees receive remuneration or other benefit from their work with the Hallé.

During the year and post the year end, Cllr. Azra Ali, Eamonn Boylan and Cllr Janet Emsley were either employees or elected representatives of local authorities which are major funders of the Hallé and with which the Hallé has worked in partnership on Education and Participation projects.

The year end for the subsidiary entity, the Hallé Endowment Trust is 31 December. For the purposes of consolidation the results of the Hallé Endowment Trust to 31 March 2021 (15 months) are aggregated into the 31 March 2021 Group financial statements. The fund balances increased by £109k in the 3 month period from 31 December 2020 (£7,142k) to 31 March 2021 (£7,251k) mainly due to investment gain in the period.

With effect from 1 January 2017, the Trustees adopted the total return approach to investment for the Main fund, under the powers granted in Section 4 of the Trusts (Capital and Income) Act 2013. A resolution to adopt the total return approach for the Main fund was made by the Trustees on 8 February 2018 effective from 1 January 2017. The Catalyst Fund remains under current rules as it is an Arts Council based fund and subject to different arrangements from the Main fund.

The Trustees identified the value of the gifts of permanent endowment received since 1983 up until 1 January 2017. This set the baseline value of the gift component of the endowment to which any subsequent gifts of endowment are added. This is now referred to as the “original endowment” and forms the initial “Investment Fund”. The difference between the total of endowment funds as at 1 January 2017 and the value of the gift component represents the opening balance of unapplied total return UTR). The UTR is classed as part of the Endowment fund until it is allocated to income.

The power of total return permits the Trustees to invest permanently endowed funds to maximise total return and to apply an appropriate portion of the unapplied total return to income each year. Until the power is exercised to transfer a portion of unapplied total return to income, the unapplied total return remains invested as part of the permanent endowment.

The power allows the Trustees to decide in each year how much of the unapplied total return is transferred to income funds and so available for expenditure as grants to the Society. In 2020 having considered their obligations under the duty of even-handedness, the Trustees made a transfer of £199,809 unapplied total return to unrestricted income funds. In making this decision the Trustees have taken account of the return on investment for the year, the sustainability of the investment fund after considering various levels of transfer to income and the income needs of the charity.

Under the regulations (Section 4 of the Trusts (Capital and Income) Act 2013) charities have the power to add part of the Unapplied Total Return (UTR) to the Investment Fund. The amount that can be added annually is capped and is calculated by reference to the increase in inflation and the value of the Investment Fund. The purpose of such a transfer is to maintain the real value of the Investment Fund. The Trustees have agreed that they will consider on an annual basis whether to make such a transfer and that the appropriate inflation index to use is CPI. For 2020 the trustees have agreed the maximum transfer allowed which was calculated using CPI for 2020.The transfer to the Investment Fund is £13k.

With in-year donations to the Endowment of £139k the balance of the Investment Fund at 31 December 2020 is £2,719k. The total value of the Main Endowment is £4,526k at 31 December 2020, the date to which the statutory accounts for the Hallé Endowment Trust are prepared. The Main Endowment Fund balance consolidated for the Group accounts at 31 March 2021 is £4,575k, the increase being investment gain in the 3 months to 31 March 2021.

50

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

The investment fund and application of total return to permanent endowment funds

smen un an appcaon o oa reurn o permanen enowmen uns

Opening value of endowment:
Gift component of permanent endowment (incl. £120k instrument)
Unapplied total return
Total
Revaluation reserve - Instrument
Total Endowment 1/1/2020
Movement in unapplied total return and endowment in the year:
Gifts received
Investment return: dividends and interest
Investment return: recognised and unrecognised gain
Investment management costs
Allocations of Unallocated Total Return (UTR) in the year:-
Unapplied total return allocated to income
Unapplied total return allocated to Investment Fund
Net movement in the reporting period
Revaluation reserve – Instrument
Total Endowment movement in year
Gift component of permanent endowment
Investment Fund
Unapplied total return
Total
Revaluation reserve - Instrument
Total Endowment 31/03/2021		 Trust for
Unapplied
Total
investment
Total Endowment
Return
£’000
£’000
£’000
2,351
-
2,351
-
1,694
1,694
2,351
1,694
4,045
232
-
232
2,583
1,694
4,277
139
-
139
-
73
73
-
269 269
-
(16)
(16)
-
(200)
(200)
13
(13)
-
152
113
265
(16)
-
(16)
136
113
249
2,503
-
2,503
-
1,807
1,807
2,503
1,807
4,310
216
-
216
2,719
1,807
4,526

26 OPERATING LEASE COMMITMENTS

At 31 March 2021 the total Group and Charity’s future minimum lease payments under non-cancellable operating leases was:

At 31 March 2021 the total Group and Charity’s future minimum lease payments under non-cancellable operating leases was:
Amounts due within one year
Amounts due between one and five years
Amounts due after five years
Total		 Group
Group
Charity
Charity
2021
2020
2021
2020
£’000
£’000s
£’000s
£’000s
26
28
26
28
100
99
100
99
-
26
-
26
126
153
126
153

51

SPONSORS, BUSINESS CLUB AND WORKPLACE CHOIRS AT AUGUST 2021

Diamond Partner

Principal Sponsor

Major Sponsors

CONCERT SPONSORS

ENSEMBLES SPONSORS

Brother Carex CMS LLP PZ Cussons Individual Restaurant Company PZ Cussons Siemens plc HALLÉ LONDON CAMPAIGN Towergate Insurance OFFICIAL PARTNERS WOOD Manchester Yang Sing Ltd Edwardian Hotels London

Edwardian Hotels London RUSI

EDUCATION SPONSORS

TECHNOLOGY PARTNERS

Brother Cargill CMS LLP PZ Cussons plc Seven Scent Siemens plc

Brother Siemens Zen Internet

OFFICIAL AIRLINE

Cathay Pacific easyJet

GENERAL SPONSORS

HALLÉ BUSINESS CLUB

PLATINUM Brother Greater Manchester Chamber of Commerce PZ Cussons plc Rothschild & Co

GOLD CBRE Ltd. The Towers Business Park

SILVER Beaverbrooks Bruntwood Cazenove Capital C&0 Wines Tony and Daniela Coxon Elcometer Ltd Esprit Group Ltd Gary Halman Mills and Reeve LLP Web Applications UK

HALLÉ FAMILY OF WORKPLACE CHOIRS

BAE Systems BASF plc BDO LLP Greater Manchester Chamber of Commerce The Nightingale Centre at Wythenshawe Hospital, Manchester University NHS Foundation Trust Our Voice NHS Bolton Choir Sellafield Ltd Siemens plc The Veterinary Defence Society Ltd

Alliance Manchester Business

School

BAE Systems ARTS TRAINING Beaverbrooks PROGRAMME SPONSORS The Beekman Tower NY Charles Roe Ltd Greater Manchester Chamber of Dakota Commerce Don Giovanni Siemens plc The Edwardian Manchester Forsyth Bros Ltd The Great Run Company Greater Manchester Chamber of Commerce Hey Little Cupcake! INNSIDE Manchester Manchester Life Jurys Inn Manchester Malmaison Manchester Manchester Evening News Manchester Life The Midland The NIU Property Alliance Group Q-Park Reserve Wines Smart Alex Dry Cleaning Thomas Fattorini Ltd Zen Internet

Greater Manchester Chamber of Commerce Siemens plc

52

SUPPORTERS AT AUGUST 2021

CONDUCTOR’S CIRCLE

John & Margaret Allen Dr Anne R Fuller Pat Kendall-Taylor Professor Chris Klingenberg Patrick & Tricia McDermott David & Mary McKeith Dr & Mrs Ian McKinlay OBE Penny Moore, for Terry, who loved the Hallé Dr Sambrook Christine & David Walmsley In memory of Lynne In memory of Alfred & Brenda Burley

MAESTOSO

Brian & Valerie Bailey Dr Susan M Brown Mr David A Budgett Mr & Mrs J. Davnall Valerie & Peter Dicken Mrs Juliet Gibbs Andrew Hay & Nicola Kitching Mark Kenrick Jennifer MacPherson John Nickson & Simon Rew Martin & Sandra Stone John & Pat Turner Judi Winterson & David Hoyle

CRESCENDO

Mr C. R. & Mrs E. Anslow Mr Jon & Dr Carol Ashley Mr Edward Astle Carole & David Baume Mr John Biggins Audrey & Richard Binch David & Maggie Blackburn Mrs Vivienne Blackburn Clair Boyes Dr Christopher Brookes Laura & Peter Carstensen Dr & Mrs Michael & Diana Cavanagh Lawrence David Cody & in memory of Mr & Mrs L. J. Cody Mr Julian Craddock Philip Crookall Mr A Fowell Mr & Mrs J. Fox Mr Richard Garnett Chris & Karen Halicki Miss Lynne Hamilton Dr Andrew Hardman David Haworth Mr John Hopwood & Dr Julia Morrison Chris Hughes, to mark 42 years with the Hallé Choir Mr Kenneth Kay Mr Michael Leach Mr Colin Lomax Sir Charles Nightingale Mrs Kathy Noble Mr John D Owens Mr D Pritchard Mr Martin Rayner

AC & CJ Riddington T. G. Roberts Mrs Jackie Roberts Mr & Mrs R. J. W. Rogers Judith & Patrick Rutter Sheila Rydz & in memory of Simeon Rydz John & Susan Schultz Mr P D Senn Mr David Shipley Mrs E. G. Tonge Mr John Turner Professor & Mrs Philip Wiles David & Veronica Yates In memory of Brenda Owens For Music

INTERMEZZO

Dr D Yvonne Aplin Joan Ball Tony Bates Professor Tony Berry Mr K A Bevan Mrs Margaret Bradshaw Monica & Mick Clark Mr J Cooney Pamela Craig Sarah Crouch Mr Anthony Doust Mr Micheal Dowling Chris Dumigan Dr George A Eccleston Rev’d & Mrs J F Ellis Mrs A Fitzpatrick Charlie Fleischmann Ann Flowerday Jeremy & Gillian French Mrs Ruth Gooddie Mr & Mrs R Green Mr John Hannah Mrs Bessie Harper Callum Harvey Mr & Mrs D Hawkes Peter & Audrey Hewer Mr Simon Hutchence Mrs Wendy Jeffs Professor Nicholas & Dr Mary Jones

Mr J G Knox Mr & Mrs B H Lawrence Mr & Mrs R W Lee Mel Littler Mr Alan Lowe Mr T Marsden John & Mary McPeake Stephen & Jacqueline Miley Mrs Alison Milford Gordon & Jess Minton Miss Maire Morton Mr & Mrs J P Platt Malcolm & Morag Ranson Mr Michael Redhead Canon C Roberts Joan & Graham Rogers Dr T & P E Schur Phil Thornley Mrs M Warrener Mr J C White Professor Richard Whitley

Mr John Wildman Jack & Elizabeth Wimpenny Joan Wood In memory of Albert Mesrie

SCHERZO

Gill & Barrie Adams Mr Peter Adamson Mr Timothy R Ades Dr Katherine M Adler Mr Roger Ainsworth Vin Allerton Dr P J Alvey Mr Barry J Ball Dr Peter Barberis Mr Michael Barley Mrs J E Baxendale Mr Paul K Berry Mr Steve Best Mr D J Bird Mr Stuart Bishop Dr Howard Booth Ms Annie Bracken Arnold & Brenda Bradshaw Philip Broughton Mr Dean Brown Karen Brown Miss S R Brown Peter Burgess Barbara & Anthony Butcher Miss Christine Bywater Miss Christine S Catherall Mrs B Y Chubb Mrs Kathleen Cleary Mrs Gina Collison Mr David Cooke Mr H C Cowen Mrs Frances Critchley Mr John Critchley TD

Mrs J D Darwent Dr D Dawson Dr Jeffery J Dean & Dr Penelope M Gouk Mr & Mrs B A DeSousa Mrs Joyce Dewhurst Mrs Marie Dixon Ann & Donald Docker Mr Paul Durham Mrs D Dyer Mr E Alan Eaves Miss E Evans David Farrow Dr Larissa Fast Miss Charlotte Fitzgerald Mr George Fletcher Mr Alan Freeman Dr Tim Gartside Mrs Elaine M Gavin Mr Adrian Gerrard Mrs J Gill Mrs Mary Glynn Mr Christopher Grafham Mr & Mrs S R Lancelyn Green Mrs Caroline Greenwood Mr John D Gregory Dr R Gregory Mr J B Haddow Dr I M Hall

Paul & Amanda Hamblyn Mr C W Hampson Mrs Thora Harnden Brian & Bridget Harris Mr Simon Harrison Mrs J M Hartley Mr N V Haynes Mrs Dorothy Heaton Mr Cliff Heckle Donald & Carolyn Henderson Mrs G Hewitt Miss Pauline Hickey Mr & Mrs J M Hill Peter & Charlotte Hill Mr J M Hindshaw Mrs Dorothy Holt Mrs Janet Holwill Dr W Hoyle Mr H Hughes & Mrs F Hughes David Humphries Mrs Glynys Hunter Dr Steven Hurst Joyce Hytner Mr Howard Johnson Mrs Jean Johnson David & Fae Jones Christine & Michael Jones Mr Trefor Jones Miss Brunhilde Kay Lynne & Martin Kemp Ian Leonard Jennifer & Paul Lingwood Mr Harry Lipson Mrs Dorothea Livesey Virginia & Peter Lloyd Mr & Mrs M & A Losse Mr Kevin Lyons Mr F P S & Mrs D A B Marriott Dr & Mrs P J Marriott Mr P Marsh & Ms H M Bennett Mrs C Mason Dr Michael Mattison Mrs E McCrone Mrs Angela McMenemy Mrs Bernice Meagher Dr David Miers Mr David Milner Mr Jeff Milner Mr Peter Moorhouse Ms Kathleen Morris Miss Jean Motler Mr P K Murphy Mr David Odling Professor Damian O’Doherty William & Janet Ollier Mr John Peaker Dr John Pearson Reverend David Peters David & Elizabeth Pioli Mr Victor Potapczuk Professor James Powell OBE Dr R E Price Mrs Jean Proud Mr D Radley Mr Peter Ramsden Mrs Beryl Ratcliffe Angus & Jenny Reynolds Mr Paul Reynolds David & Elly Roberts Mrs A Rose

53

SUPPORTERS AT AUGUST 2021

Mrs Susan Rowlands Professor Michael G Rusbridge Mrs J Ryner Martin & Gail Sanderson John & Jackie Say Mrs Jan Schofield Mr James A Scott Mr Simon Shelbourn Mr C & Mrs T Shepherd Mr Michael Shiels John Shuttleworth Charles & Helen Smith Mr & Mrs C Smith Mr Roger Smith Mr Alan Spier Mr & Mrs R T Stafford Mr Frank Stoner & Mrs Margaret Dudley-Stoner Mrs Carla Suter Mrs Norma Swan Mrs M E Thompson Mr John Thomson Mrs Jean Tracy Mrs Jackie Tucker Tom Uprichard Mrs Barbara Upton Mr Peter & the late Mrs Diana van der Feltz Derek Vernon Jeffery & Judith Wainwright Mr Brian Walker Mr R B Walsh F T Walters Mrs Anne Ward Mr George Watson John & Christine Weller Mrs Lynn Wharton Mr Peter R White J Christopher Whitehead Mr A Whittaker Gladys Williams & in memory of Dennis Dodge Mr Thomas Williams Mr C F Winter Barry Wood Hilary & the late Noel Woodhead Mrs Ann Woolliscroft Dr J M Worth D & M Wright Dr David Yorke A music lover In memory of my parents In memory of Margaret Brailsford In memory of O Calvert In memory of Mr Tom Chadwick In memory of Liz Glynn In memory of D S Goodes In memory of Dr D B Jones In memory of Mrs M McDonald In memory of Patsy Pringle In memory of Dr Barbara Smith In memory of John Wallace Tonge

ALLEGRO

Mr A C Abbas Mrs Brenda Ackroyd Mr Chris Adams & Professor Rosemary Lucas Mr Paul Adkins Ms Seifa Afiesimama Mr Paul Ager Mr Richard Alliss Mohammed Amin Voxra Andersen Mr G Aspey Mrs Barbara Aspin Mrs Barbara Austin Ms Elaine Bagley Mrs P Barlow John Barnard Mr C Barton Dr A J Basey Mr & Mrs Melvyn Bathgate Mr & Mrs S Beckett John Begg Ms Rowena Beighton-Dykes Mrs Lois Beldon Mr P Beresford Mr I C Berridge Mr G N Berry Mr R Berryman Ms Rosemary Betterton Mr David Bimson Mr A Birch Mrs A Birch Mrs Christine Bird Michael S Birkett Mr Robin Bissell Mrs Diane Blackburn Marilyn Booth Mrs Marjorie Boothby MBE Mr John M J Bowden Mr Alan Brant Mr Roger Brentnall John Bridgman Mrs Susan Briggs Mr David Britnor Mr & Mrs Andrew BrochwiczLewinski Ms Patricia Brock Mrs Gwyneth Brown Miss V Brown Mr Ian Brownlee Mr A Budworth Mrs Sarah Bunting Mr & Mrs P Burns Dr Kathy Burton Mrs Pauline Bushnell Peter Callon Mr Gerard Cambridge Ms Shirley Campbell Mr Geoffrey Carter Mrs Pamela Carter Mr J K Chadwick Mr William Chadwick Austin Chambers Mrs J Chambers Ms K Chapple Mrs Margaret L Chatfield Mr Eric Chilton VKF Ciaputa Mrs Betty Clee

Mrs Anne Clegg Mrs C Connor Mr Michael Connor Mrs Olive Cook Mr D Cooper Mr Geoffrey D Copage James Coppock Mrs Joyce Cotgrave Mrs Barbara Cotterill Mr Richard & Mrs Karen Cowley Mrs Margaret R Croker Mr & Mrs J B & Sylvia Crummett Dr C S Cundy Hilary & Adrian Curtis Mr Alan Dagger Mr Gerard Dale Jennifer Dale Mrs Jackie Dalingwater Ms Maria Davies Lawrence Davis Mr G J Davison Mr Alan Dean Anne & John Dempsey Ethan Devlin Theo Devlin Mrs Wendy Dewey Mr & Mrs I Disley Professor Alexander Donnachie Mrs M Downing Helen Drew Miss Margaret Dunn Ms Louise Durose Dr S Dymock Mr Barry Eastwood Mrs Stella Eberlein R Ellershaw Mr M Ellis Mr & Mrs K Else Mr Peter English Mrs J M Evans Mrs Christine Everett Ms Julie M Fallon Ms N E Farrell Mr Steven Farrell Mrs Margaret Faulkner Mrs Cynthia Fenton Steven Fidler Mr Howard Fisher Raymond & Eileen Flint Mr R Foster Ms Wendy Foulger Mrs Augusta Fox Mr Charles R Fox Mr J W Fox Miriam & Michael Fox David & Sylvia Francis Mr R F Fry David & Joyce Fuller Miss A M Furphy Mrs E Galloway Peter Gannon John Gardner Eileen Goodwin in memory of Jack Mrs F B Grant Mr T Greene Andy Greenwell Ms Joy Greenwood Pamela Greenwood Mr Stephen Gregory Mr J C B Gregson

Mr A L Griffith Mrs Audrey Griffiths John Groarke Mr J F Austin Hall James Hallows Mrs Eveline Hamilton Mrs Sheila Hardy Mrs Helen Harrington Dr W David Harrison Mrs Judith Harrop Mr David Hartley Peter & Susan Haslehurst Tony Hayter Mrs Susan Heard Mrs P A Hemstock Dr Kenneth Henderson Mr John Herod Mr Thomas A Heyes Dr Pamela Hobson Mr Alex Hodgeon Mr Paul Holder Mr Derek Hollingsworth Dr Michael J Holloway Mr & Mrs M Holmes Mr R Holmes Miss Jeanne Holt Mr Brian Hooley Mrs Ann Hooper Mrs M Horan Mr John David Howard Mrs C M Hughes Mr J G B Hunter Mrs Jacqueline Hurdle John Hytner Miss Susan Ingham Mrs Helen Margaret Ireland Dr Melanie Isherwood Mr Paul Jabore Bridget Jackson Mrs J A Jackson Mrs I J Jackson Mr John Jackson Mr M D Jackson Mrs Pauline Jackson Mrs Emma Jacobs Miss Hilary Jarvis Dr K Jeffery Mrs Christine Jenkinson Mr Mark Johnson Mr R Johnson Mrs A Johnstone Mrs A Jones Mrs J M Jones Mr Fred Jones Shirley Jones Mr D J Kay Mrs Angela Kendrick Mr Andrew Kennaugh Jack Kirby Miss B Knight Dr W F Knox Mr Rainer Kolbeck Mrs Pat Kundi Dr Louis Kushnick Mr & Mrs Vivian Labaton Mrs Lillian Langshaw Dr Hugh Laverty Mrs Alison Lawrence Mr & Mrs E Layland David & Pam Leaver

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SUPPORTERS AT AUGUST 2021

Charles Ledigo R & E Philburn Mrs J Taylor Mr R Lee Dr Max Pilotti Mrs Lesley Taylor Mr Graham J Lees Mr John Piper Mr M Taylor Mrs S Leete Mr M Pittam Rosemary & Roger Taylor Mr Howard Leigh Mr J Platt Mr D F Thickbroom Mrs S Lewis Mrs Lynne Powell Jim & Stella Thomas Mrs Susan G Lewis Mr Lee Price Michael Thomas Mrs A Leyland Mrs Frances Prince Mrs S K Thomas Mr John Liles Mrs Jean Pugh Miss Marie Thompson Mrs Anne Livesey Mrs Jennifer Rae Mr Philip Thompson Pam & Gordon Lorimer Mrs Sheila Ramsay Mr Terence P Thornton Mrs Barbara Lowe Mr Stuart Ramsden Mrs J Tims Mr C A Lowe Mr & Mrs Alan K Rawson Mr D Allan Townsend Dr Marion E Mackay Mr Paul Raynor Mr & Mrs P Trickett Mr David MacKley Dr Redford Mr & Mrs Brian Tuffery Mrs Sarah C Maddock Mrs M Redmond Mrs J Turner Mrs Barbara Maitra Miss Karen Redmore Mrs Barbara Twiney Mr D F Mardon Mrs Susan Renshaw Mr W W Wagstaff Mrs B Marples Mrs A Richardson Mr Angus Walker Dr and Mrs Martin Mrs S Rigby Mr P R Walker Mr Michael Martindale Mrs Christina Roberts Mrs Sylvia Walker Mrs Dianne Massey Elizabeth & Hugh Roberts Mr W A Walker Mr M D Masters Mrs Winifred Robertson Mr John Ward Mrs Wendy Maunders Mrs Doreen Robinson Dr Stephen Ward Mrs Anne McCormack Mrs Kathleen Robson Mrs & Mr Susan & Michael Mr J McCrory Mr Mark Robson Warrington Mr J McGough Mr Colin Rogers Mr & Mrs J M Watson Mrs T R McGough Valerie & Howard Rogerson Mr & Mrs Bill Webb Mr Brian McGrath Mr Philip Roper Miss Judith Weller Mrs Sylvia McKellar Mrs J A Round Mrs Pamela Wells Mrs Hinda Meggit Mr J Roundell Mr Robert Wensley Mr John Meriton Mr Raymond Rouse Mr Werbel Miss Audrey Messenger Miss P Rowland Mrs A G Whaley Dr John P Miller Mr C Rudd Mr P N Whitaker Mr Roger Miller Miss S M Salmon Mrs H Whitehead Mr Robert Millington Mr Peter Sampson Eric Whittaker Mr Andrew C Mitchell Mr Gerald Francis Schultz Mrs Petronella Whittle Mr Tim Mitchell Mrs Margaret Scott Mrs L Wilkinson Miss G Mobb Mr Robert Scott Professor Arthur Williams Anthony & Linda Mooney Mrs Carol Selby Mr & Mrs A J Williams Mrs Gillian Moorhouse Alison Sellars Mrs Margaret Williams Mrs Jennifer Moorhouse Mr Andrew Senior Mrs H J Williamson Dr Richard Morgan Mr Maurice Setton Mr A Willows Mr S J Morley Mr Christopher Sharp Mrs Margaret Wilson Dr M G Mortimer Mr David J Shearing Mr Stephen Wilson Mr & Mrs Muir Mr S W Shone Mrs Kathleen Winterbottom Mr A Murray Mrs Eileen Short Ms Janet Wolff Mr V Murray Mr P Sidwell Mr & Mrs Chris Wolstenholme Dr Granville Neath Mr Chris Simon Mrs Margot Wood Mr Peter Newton Mrs J K Slack Mr & Mrs S Wood Mr Edward Nicholls Dr A J & Mrs J M Smith Dr Zoe & Roderick Woodhead Mr & Mrs Jonathan Noble Mrs Anne Smith Mr Terry Woodhouse Mr Thomas Nuhse Mr Lionel Smith Mr T Woolfenden Mrs L O’Connor Dr J Spangler Miss A F W Woolley Mr Stephen O’Hagan Mr Dermot Spooner Mr Norton Wragg Mr Stephen Oliver-Watts Mr M Spoors Dr M Wren Mr Martin Olley Mrs Joyce Stafford Anna Wright Mrs M Owen Mrs C M Stead Mrs Helen Wright Mr Michael Owen Mrs P Steed Mr Keith Wright Mrs Christine Owens Mrs Jane Stephens Mr Angus G D Yeaman Graham & Dorothy Palmer Mr Paddy Stephenson A Music Lover Mr & Mrs K Parker Mr J R Stuart In memory of Roger Bogg Mr R K Parker Mrs Sally Sturt In memory of Margaret Cooke Mrs Rosemary Parsons Mrs C Summerfield In memory of Mr & Mrs G W Mrs Ann Patterson J B & J W Sutcliffe Dawson Mrs M Pattinson Miss Sykes-Howden In memory of Mr G E Huggins Mr Alan Pearson Dr D P M Symmons In memory of Bill and Florrie Mrs Pauline Pedlar Mr J P Syner Mathews Mr J D Perry Mr T Tarpey In memory of Arthur, Anne Mary Pexton Mr J Taylor Newton & family

In memory of Ian Michael (Mick) Othick In memory of Dr Nathan & Mrs Shlosberg In memory of Professor Noel Thomas

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SUPPORTERS AT AUGUST 2021

THE HALLÉ WOULD LIKE TO THANK THE FOLLOWING TRUSTS FOR THEIR ONGOING SUPPORT

The Monument Trust The Oglesby Charitable Trust

Esmée Fairbairn Foundation The Foyle Foundation Granada Foundation Garfield Weston Foundation The Kirby Laing Foundation The Liz and Terry Bramall Foundation Paul Hamlyn Foundation The Victoria Wood Foundation The Wolfson Foundation The Zochonis Charitable Trust

Angus Allnatt Charitable Foundation The Austin and Hope Pilkington Trust The Band Trust Boshier Hinton Foundation Church Burgesses Educational Foundation The Derek Hill Foundation D’oyly Carte Charitable Trust Fidelio Charitable Trust The Gladys Jones Charitable Trust The Grand Trust Cio The Harding Trust John Horniman’s Children’s Trust The Irving Memorial Trust Land and Co Foundation The Leche Trust Mclay Dementia Trust Peter Cunningham Memorial Fund Cecil Pilkington Charitable Trust The Pilkington General Charity The Rix_Thompson-Rothenberg Foundation RUSI (The Royal United Services Institute) Sir George Martin Trust Sale Mayoral Fund The Sobell Foundation Thriplow Charitable Trust

HOLDERS OF THE HALLE SILVER MEDAL FOR PHILANTHROPY

Stewart Grimshaw Michael and Jean Oglesby Terry and Penny Moore Arthur Reynolds Jurgen Maier

2058 FOUNDATION PRINCIPAL BENEFACTORS

Manchester Airport Mr Martin McMillan obe and Mrs Pat McMillan The Oglesby Charitable Trust Fred Nash and Carole Nash obe Tiger Developments CIM Investment Management Ltd DLA Piper LLP Rothschild

MAJOR BENEFACTORS

Peter Heath David and Mary McKeith Brother (UK) Ltd PZ Cussons plc Nigel Warr David Wertheim and Family Kirby Laing Foundation Kobler Trust Martin and Jacqueline West

The 2058 Foundation is a restricted fund of the Hallé Concerts Society established in the Hallé’s 150th Anniversary year to support specific artistic and education projects.

SUPPORTERS OF THE OGLESBY CENTRE AT HALLÉ ST PETER’S

The Oglesby Charitable Trust The Monument Trust The Dunard Fund The Foyle Foundation Garfield Weston Foundation Granada Foundation The Kirby Laing Foundation Victoria Wood Foundation The Wolfson Foundation and all those who supported The Oglesby Challenge and those who wish to remain anonymous

AMERICAN PATRONS

Carol E. Domina Caroline Firestone Rita Z. Mehos Christa Percopa Arthur Reynolds Annette Vass

LONDON PATRONS

Joyce Hytner John Nickson and Simon Rew

and others who wish to remain anonymous

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MEMBERS OF THE HALLÉ CONCERTS SOCIETY AT AUGUST 2021

John Ackroyd Paul Adkins M. Adshead R. Aitchison P J Alvey Gerlinde Anten Dorothy Aplin D. Appleton Janet Aslan M. Baggott Elaine Bagley R. Ball Barry Ball Peter Barberis A. Basey Lorna Beacock Robert Beale Patrick Beesley R. Behrend Alison Bell Martyn Bennett Neil Bennett George Bennison I. Berridge Paul Berry Anthony Berry Duncan Berry John Biggins John Biggins A. Birch Ann Birch D. Bird Michael Birkett Elizabeth Birtwistle Helen Blackburn S. Blake Clive Bond Martin Bond A. Booth Nora Booth Marjorie Boothby John Bowden Margaret Bowen David Bradley Margaret Bradshaw David Brailsford Mark Brailsford N. Bramley-Haworth J. Bramman

P. Brannon Elisabeth Bridgford Patricia F Brien Barbara Broadbent Philip Broughton Martin Brown S. Brown Gwyneth Brown Maxine Buchanan S. Burden David Burgess Tracy Burns Elizabeth Burns J. Burslem Peter Cameron-Brown G. Campbell T. Carr Annabel Carter Jon Cartmel Christine Catherall Enid Catterall

J. Chadwick Austin Chambers Beryl J Chartres Margaret Chatfield M. Childs G. Christie F. Christou Stuart Clark M. Clark Joan Clarke M. Clayton Kathleen Cleary Peter Cleworth E. Coldrick P. Coley Alex Connock A. Connolly Charles Cook Pauline Coombs James Coppock Jim Cowell Henry Cowen William Cowley Richard Cowley Martin Cox Julian Craddock Pamela Craig John Critchley Margaret Croker Philip Crookall Sarah Crouch N. Crowe C. Cundy M. Cunningham Pamela Cunningham Ian Curbishley Margaret Dale N. Daniels Kathleen Davies G. Davies E. Davis Sarah Davnall Peter Dawson Alan Dean D. Dearden Francis Deeney D. Delahunty Peter Dent Peter Dicken John Dickinson G. Dix Lynda Dobbie Darren Drabble S. Dugdale James Dunn Paul Durham Trevor Eades Michael Eagles R. Earnshaw Barry Eastwood George Eccleston Valerie Edminson D. Edwards John Edwards Beryl Emery David Emery Janet Emsley J. Evans Janet Evans Jane Fairclough

D. Falconer Patrick Farrell David Farrow J H Fisher Norman Fitt Harold Fletcher George Fletcher Evelyn Flett Beryl Footman Margaret Forster G. Foster K Foulkes Eileen Fox John Fox Alistair Fox A Rita Fox Helen Freeborough J. Froggatt Tom Fryers Anne Fuller Rita Galloway John Garside Timothy Gartside J. Gartside Elaine Gavin Karen Gedd J. Geddes Geoffrey Gee Adrian Gerrard Daphne Gifford Kathleen Gildon J. Gill D. Gillibrand R. Gillings Sylvia Gilmore S. Gledhill G M Glover I. Glover I. Godwin Barbara Goodall Keith Gorton Rhoda Gouldsbrough Christopher John Grafham Evelyn Grafham A. Graham Margaret Gray Linda Green Ronald Green Audrey Green Neil Greening Ian Greenwood Michael Greenwood J C B Gregson David Haines I. Hall David Hall Gordon Hall M Hall Valerie L Hallam J. Halliwell Y. Hallworth Clare Hambleton C. Hampson Jane Hampson Colin Hankey E. Hardman Barry Harkison Helen Harrington Richard Harrington R. Harris

David Harrison Graham Hart Callum Harvey Joan Hassall Russell Haydon Richard Hayes Peter Heath Helen Winterson Limited Peter Hewer Audrey Hewer R. Heys Margaret Heys Roger Lance Heywood Barbara Heywood Jennifer Hindshaw D. Hines Nicholas Hodgson Moya Hollinrake N. Holt A. Hook Michael Hosker Valerie Hotter James Howell W. Hoyle Geoffrey Hubbard J. Hudson Martin Hudson John Hughes C. Hughes David Hughes Glynys Hunter A. Hurrell Kathleen Hurst Judith A Hutton John Hytner Helen Ireland Sylvia Isted Winifred Jackson Carol Jackson Michael Jackson Malcolm Jayson Freda Jenkins Steven Jennings Roger John H. Johnson Richard Johnson Martin Johnson Derek Johnson Derek Jones P. Jones Trevor Jones David Llewellyn Jones Trefor Jones Shirley Jones David Kay Martin Kay J. Kaye Stuart Kempster Angela Kendrick W. Kerr Wilf Kimber J. King Harry Kippax H J Klass Diana Kloss Geoffrey Knights W. Knox John Knox Steven Kossowicz Vivian Labaton

57

MEMBERS OF THE HALLÉ CONCERTS SOCIETY AT AUGUST 2021

G. Lake Margaret Odling James Scott Audrey Lamb Jean Oglesby Derek Seex Anthony Lane D. Oglivy Pam Senior Deborah Larah Mary Ohlson Philippa Sharp Ethel Layer John Olbrich Susan Shawcross Michael Leach Pedro Oliveira David Shearing Charles Ledigo Martin Olley David Shepherd Jane Lee A. Openshaw Michael Shipley Gordon R Lees B. Orant David Shreeve Richard Leigh Christine Owen Andrew Simon Howard Leigh Geoffrey Owen Christopher Simon Helen Lennie John Owens Bryan Simons David Lewis Barbara Pape Antony Slater W Leyden Hazel Parker F. Smith M. Linton Roger Parr C. Smith G. Lipschitz Roy Parrish D. Smith M. Lloyd L W S Parry-Williams Pauline Smith C. Lloyd D. Parsons Sandra Sofield Denise Lomas David Parsons Bob Spencer G A R Lomax A. Peach Judy Spencer Christopher Lowe Alan Pearce Susan Stamford Stella Lowe Robert Pearson C. Stead Michael Lucas Roger Pearson Martin Steward Olive Lumb Joyce M Pendlebury Martin Stone I. MacKay S. Pennell Margaret Stordy Netar Mallick Annette Percy P. Stott P. Mann David Peters Ian Stout D. Mardon D. Pettifor D. Swindell B. Marples John Phillips J. Syner Michael Marsh Katy Phipps Shefali Talukdar Henry J. Marshall Shaw Steve Pickett David Tatlock M. Masters Gwen Pickford Roger Taylor Margaret Mayne D. Pioli J. Taylor A. McAllister C. Pooley M. Taylor Peter McIlwham M. Pritchard M Taylor Robert McIntyre Jean Pugh W. Taylor David McKeith Edward Pysden Ian Taylor Rosemary McKie Shirley Quinn J. Taylor Jennifer McNamee Moira Rabbitt Mike Taylor Shirley Meadowcroft Sylvia Radcliffe C. Terrell-Nield R. Merry P. Radnan C. Thickett June Messenger Brian Rains P Thompson Richard Middlehurst Graham Read John Thompson Kenneth Middleton Anthony Redford Patricia Thornhill Sheila Mills G. Rees John Philip Thornley M. Mitchell Michael Rhatigan Terence Thornton Andrew Moore Jennifer Rich Jacqueline Thorp Penny Moore Mavis Richardson John Throup Peter Moorhouse Ann Richardson D. Tickle Jean Moorhouse Cyril Roberts E. Toft Philip Morey Victor Roberts Margaret Toft S. Morley Terence Gordon Roberts Robert Tonge J B Morrell Stuart Robinson Susan Tully Kathleen Morris Leslie Robinson John Turner George M Morton Robert Rogers John Turner J. Motler J. Roper C. Turpie Christine Muller A. Christine Rose T I Uprichard E. Mulliner G. Ross Andrew Vaughan P. Murphy M. Ross-Sharp Adrian Vessey David Murphy E Rowland Thelma Vials Nayyar Naqvi Jean Rowland G. Von Arx Mary Naughton Katharine Russell Carol Anne Wafer Michael Neale M. Ruxton John Wagstaff Granville Neath S. Rydz Donald Wagstaff Jeremy Nolan E. Ryner Ian Wallace Peter Nolan Jennifer Sandland John Walsh W. Norbury K Sandler D. Walton F. Nutt Christopher Sargent D. Watson I. O’Brien Robert Scott Stewart Watson David Odling Margaret J Scott J. Watson

Elaine West Wendy Westoby Sybil Westwood Charlotte Westwood B. Wheeler John Whibley J. White J Christopher Whitehead Rosemary Whitesman Richard D Whitley Stuart Whittaker Eric Whittaker G Whittle Josephine Wiggans John Wildman Alison Wilkinson Roger Williams Thomas Williams Margaret Williams W P Williamson R. Willis Jack Wimpenny Elizabeth Wimpenny Joyce Mary Winstanley Colin Winter P Wolstencroft A. Woods Anna Woolley Ann Woolliscroft D. Woonton Myra Worsley J. Worth Norton Wragg David Yates David Yorke

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PLAYERS AT AUGUST 2021

FIRST VIOLINS FLUTES Paul Barritt Amy Yule Permanent Guest Leader Sarah Bennett Sarah Ewins Associate Leader PICCOLO Tiberiu Buta Joanne Boddington Zoe Colman Peter Liang OBOES Steven Proctor Stéphane Rancourt Alison Hunt † Section Leader Helen Bridges † Virginia Shaw † Nicola Clark † COR ANGLAIS Victor Hayes † Thomas Davey † John Gralak † Michelle Marsh CLARINETS Katie Jackson Sergio Castelló López Section Leader SECOND VIOLINS Rosa Campos-Fernandez Philippa Heys Paulette Bayley BASS CLARINET Rosemary Attree James Muirhead † Caroline Abbott † BASSOON Grania Royce † Elena Comelli Christine Davey † Hannah Smith CONTRABASSOON Elizabeth Bosworth Simon Davies John Purton Eva Petrarca Diego Gabete Yu-Mien Sun

HORNS Laurence Rogers † Section Leader Matthew Head Julian Plummer † Richard Bourn † Andrew Maher

TRUMPETS Gareth Small † Section Leader Kenneth Brown † Tom Osborne

TROMBONES Katy Jones Section Leader Roz Davies

BASS TROMBONE Kyle MacCorquodale

TUBA Ewan Easton mbe

TIMPANI John Abendstern

PERCUSSION David Hext † Section Leader Riccardo Lorenzo Parmigiani † Erika Öhman

HARP Marie Leenhardt †

VIOLAS Timothy Pooley † Section Leader Julian Mottram † Martin Schäfer Piero Gasparini † Robert Criswell † Gemma Dunne Christine Anderson Chris Emerson Sue Baker Cameron Campbell Victoria Stephenson

CELLOS Nicholas Trygstad Section Leader

Simon Turner Dale Culliford David Petri † Jane Hallett Clare Rowe Paul Grennan Jonathan Pether

DOUBLE BASSES Daniel Storer Yi Xin Han † Beatrice Schirmer † Rachel Meerloo Natasha Armstrong

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ORCHESTRAL CHAIR ENDOWMENTS AT AUGUST 2021

MUSIC DIRECTOR,

SIR MARK ELDER CH CBE Mr Martin McMillan OBE and Mrs Pat McMillan

LEADER Penny Moore

GUEST LEADER, PAUL BARRITT in memory of Geoffrey Robinson

ASSISTANT CONDUCTOR, DELYANA LAZAROVA PZ Cussons, Sir Mark and Lady Elder, The Garrick Charitable Trust

CHORAL DIRECTOR, MATTHEW HAMILTON In memory of Alison Wilkie-Davies

FIRST VIOLINS

SARAH EWINS Elaine and Neville Blond Charitable Trust

TIBERIU BUTA Dr Anne R Fuller

ZOE COLMAN John Geddes

PETER LIANG Jennifer MacPherson

ALISON HUNT Mrs Vivienne Blackburn for Michael

HELEN BRIDGES Professor Chris Klingenberg

POSITION VACANT In loving memory of Kaye Tazaki, from his family and the Hallé

SECOND VIOLINS PRINCIPAL Patrick and Tricia McDermott

PAULETTE BAYLEY Karen Farquhar

ROSEMARY ATTREE in memory of the late Marie and Jack Levy

CAROLINE ABBOTT Peter and Mary Jones

JULIA HANSON Lou Page

JOHN PURTON in loving memory of Michael Hall

HANNAH SMITH Patrick and Tricia McDermott

VIOLAS

TIMOTHY POOLEY Dr Susan M Brown

JULIAN MOTTRAM In loving memory of John Pickstone

MARTIN SCHÄFER David and Beryl Emery

PIERO GASPARINI Mrs Jane Fairclough

CHRIS EMERSON Bolton Opus Group

CELLOS

NICHOLAS TRYGSTAD Martin and Sandra Stone

SIMON TURNER In memory of Mrs G E Whitehead

DAVID PETRI K and S Coen

JANE HALLETT Professor Sir Netar Mallick

CLARE ROWE Nina Harris

JONATHAN PETHER Charlotte Westwood

POSITION VACANT In loving memory of Dorothy Hall

DOUBLE BASSES POSITION VACANT Edmundson Electrical Ltd

YI XIN HAN In memory of Stella and Harold Millington

BEATRICE SCHIRMER In memory of Joyce and Michael Kennedy

NATASHA ARMSTRONG John and Pat Garside

RACHEL MEERLOO In loving memory of Hilmary Quarmby, a lifelong lover of music and friend of the Hallé

FLUTE AMY YULE Mr Peter Heath

PICCOLO JOANNE BODDINGTON in memory of Ronald Marlowe

OBOE

STÉPHANE RANCOURT sponsored by The Duchy of Lancaster Benevolent Fund

VIRGINIA SHAW Alison Wilkinson

COR ANGLAIS THOMAS DAVEY In loving memory of Douglas Crawford

CLARINET

SERGIO CASTELLÓ-LÓPEZ The Hallé Choir

BASS CLARINET JAMES MUIRHEAD Shared Trust

BASSOONS

POSITION VACANT In memory of Miss Amy Alexandra Morris

ELENA COMELLI Anonymous

HORNS

in memory of Arthur Bevan and Enid Roper

LAWRENCE ROGERS in memory of C K Andrews

RICHARD BOURN Shared Trust

ANDREW MAHER Mr CR and Mrs E Anslow

MATTHEW HEAD In loving memory of Nora Dawson

TRUMPETS GARETH SMALL Shared Trust

KENNETH BROWN Shared Trust

TOM OSBORNE Penny Moore

TROMBONE KATY JONES Sylvia Kendal in memory of Ivor Rowe

TIMPANI

JOHN ABENDSTERN In memory of Alan and Vivian Glass

PERCUSSION DAVID HEXT Rosemary Whitesman

ERIKA ÖHMAN Mrs R Russell in loving memory of her husband, Jim Russell RBA

HALLÉ YOUTH ORCHESTRA BASSOONS Mr C R and Mrs E Anslow

PERCUSSION I & E Brett Karen Brown

CELLOS

The Holland-Frickes Mr John Summers obe Anonymous

HALLÉ YOUTH CHOIR SOPRANOS AND ALTOS Mr and Mrs Smith

HALLÉ CHOIR Jane Hampson

ALTOS Chris Hughes

Sincere thanks also to all those who have made general donations to the Chair Endowment programme during the recent months.

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≥ CHOIR AT AUGUST 2021

Tracey Adlem Sarah Harding Andrew Paterson Elizabeth Alberti Emelie Harding Stuart Perkins Peter Aldred Jackie Harmer Abi Perry Lizzy Allerton Sally Haywood John Piper Vin Allerton Emma Hewitt Rosemary Pires Naomi Appleby Jen Hewitt Alison Playfoot Dawn Ashworth Eleanor Hobbs Eugene Pozniak Peter Askey Sarah Holroyd Tessa Quayle Laurie Bailey Chris Holroyd Maureen Rammell Barbara Barratt Rachel Hopper Lorna Reader Steve Best Chris Hopper Libby Reeve Paul Beswick Steve Hopwood Kathleen Renfrew Paul Brennan Ellie Horrigan Marion Ridd Ruth Broadfield Lynne Hughes Cathy Riddington Janet Brown Chris Hughes Laura Roberts Joanna Brown Martha Hulme Graham Rogers Rachel Brown Eleanor Jackson Annie Rogers Jasper Brownrigg Naomi Jahoda Colin Scales Sarah Bunting Margaret Jennings Katherine Seddon David Burgess Ruth Jones Jo Sharples Matthew Burns Rhiannon Jones Kathryn Smethurst Grace Card Rosemary Jones John Smith Robin Carmichael Graham Keen Helen Smithurst Rob Carson Charlotte Kennedy Charlotte Stevenson Libby Clarence Rob Kerr Sue Stirzaker Claire Claymore Clare Knight Dorothy Stoddard Tom Clough Andrew Kyle Nigel Stones Rowena Cockerham Ollie Lambert Sara Szabo Liz Conway Jocelyn Lavin Sue Taylor Jim Cowell Eileen Lee Ruth Taylor Claire Croft Maryna Lewinski Sarah Taylor Georgina Crosswell Emily Ley Kirsty Thorpe Ildiko Csige Virginia Lloyd Elizabeth Threlfall Daphne Dawson Alison Lloyd Williams Clifford Tinker Ian Dayes Katharine Longworth Rob Tolefree Philip Dobson George Lowe Jean Tracy Michael Donmall Andy Lunn Damson Tregaskis Jonny Downing Andrew Lunn Wendy Walker Helen Earey Clara Marshall Cawley Rowena Ward Linda Edmondson Sammy Matthewson John Ward John Elliott Elliot Maxwell-Hodkinson Merryl Webster Elaine Evans Bethany May Maeve Whittaker David Evans Fiona McAvoy Victoria Wilkie Gill Faragher Sue McKinlay Jill Wills Alexandra Farr David Metcalfe Ian Wood Stuart Fielding Isabelle Milner Rebecca Woolley Charlotte Fitzgerald Kate Milner Graham Worth Yvonne Flood Rebecca Montgomery Andrew Wright Tony Flynn Gay Morton Hannah Wylie Tamandra Ford Helena Morwood Kate Fuggle Liz Murray Gillian Gibson Andrea Murray Rachel Glascott Phil Newby Ken Greaves Judith Newton Chris Green Max Noble Judith Greenwood Susan Oates Tiffany Griffiths Alexander Oldroyd Durham Grigg Barbara Oxley Rachel Grimshaw Meg Parnell Tom Guest Angela Partington Claire Harbourne Judy Paskell

CHORAL DIRECTOR Matthew Hamilton

ACCOMPANIST David Jones VOCAL COACH Margaret McDonald VOCAL COACH Richard Strivens ASSOCIATE HALLÉ CHOIR DIRECTOR Fanny Cooke CHAIR Elizabeth Allerton SECRETARY Sammy Matthewson TREASURER Steve Best

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ADMINISTRATION AND CONTACT INFORMATION AT AUGUST 2021

MUSIC DIRECTOR

Sir Mark Elder ch cbe

PERMANENT GUEST LEADER Paul Barritt

ASSOCIATE CONDUCTOR, POPS Stephen Bell

ASSISTANT CONDUCTOR Delyana Lazarova

CHORAL DIRECTOR Matthew Hamilton

YOUTH CHOIRS DIRECTOR Stuart Overington

CHILDREN’S CHOIR DIRECTOR Shirley Court

COMPOSER EMERITUS Colin Matthews

CHIEF EXECUTIVE’S OFFICE

David Butcher * Alison Lever Isabelle Orford

FINANCE

Ruth Harkin * Matthew Wyatt Lourdes Román Michael Wright

VENUES

Martin Glynn * Tyrone Holt Everett Parry † Edward Cittanova David Roberts

ARTISTIC PLANNING Anna Hirst * Louise Hamilton Andrea Stafford Sue Voysey

CONCERTS DEPARTMENT

Stuart Kempster * † Hayley Parkes Lois Boa ORCHESTRA MANAGEMENT Chris Lewis Jenny Espin LIBRARY Louise Brimicombe Alice McIlwraith STAGE MANAGEMENT Dan Gobey Lawrie Bebb

HALLÉ CONNECT EDUCATION

Steve Pickett * Joanna Brockbank

HALLÉ CONNECT ENSEMBLES

Naomi Benn * Jo Pink Isabelle Orford Verity Riley CHORAL LEADERSHIP NETWORK Anna Stutfield

SPONSORSHIP AND FUNDRAISING

Kath Russell * Eleanor Roberts Susanna Caudwell Amy Adebola Charlie Widdicombe Lucy Miller

COMMUNICATIONS

Andy Ryans * † Peter Naish † Liz Barras Harriet Hall Anna Shinkfield

DIGITAL

Bill Lam * Riley Bramley-Dymond

ARCHIVE

Eleanor Roberts Stuart Robinson †

† 20 years service

GENERAL ENQUIRIES info@halle.co.uk

www.halle.co.uk

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