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2023-03-31-accounts

CONCERTS SOCIETY (A Charitable Company Limited by Guarantee)

Annual Report and Accounts for the year ended 31 March 2023

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Company Number 62753 • Charity Number 223882
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TRUSTEES’ REPORT AND SUMMARY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Reference and Administrative details 4
Chairman’s Report 5
Chief Executive’s Review of the Year 6
2022/23 in Numbers 16
Summary Financial Information 18
Trustees’ Report 20
Independent Auditor’s Statement to the Members of Hallé Concerts Society 29
Consolidated and Aggregated Summary Income and Expenditure Account 31
Consolidated and Aggregated Statement of Financial Activities 32
Charitable Company Statement of Financial Activities 33
Consolidated and Aggregated and Charitable Company Balance Sheets 34
Consolidated and Aggregated Cash Flow Statement 35
Notes to the Accounts 36
Appendices - not forming part of the audited financial statements
Sponsors, Business Club and Workplace Choirs 59
Supporters 60
Members of the Hallé Concerts Society 63
Players 65
Orchestral Chair Endowments 66
Hallé Choir 67
Administration and contact details 68

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

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REFERENCE AND ADMINISTRATIVE DETAILS

Registered Office: The Bridgewater Hall, Manchester M1 5HA

PATRON HRH The Duchess of Edinburgh

MUSIC DIRECTOR Sir Mark Elder

MEMBERS OF THE BOARD

Elected

David McKeith Chair # $ (resigned 16th March 2023) Debbie Francis Chair # (appointed from 17th March 2023) Sharon Amesu # Alex Connock Darren Drabble # Tim Edge * Juergen Maier Linda Merrick John Phillips * Merryl Webster #* Aileen Wiswell # Nominated by Manchester City Council Cllr Azra Ali

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

EXECUTIVE TEAM David Butcher Chief Executive and Company Secretary Ruth Harkin Finance Director $

ORCHESTRAL NOMINEE Tom Osborne

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

SOLICITORS CMS LLP 1 The Avenue, Spinningfields Manchester M3 3AP

BANKERS Santander UK Plc 298 Deansgate, Manchester M3 4HH

Royal Bank of Scotland Plc St. Ann Street Manchester M60 2SS

INVESTMENT ADVISERS Cazenove Capital Part of: Liverpool House Schroder & Co Ltd Lower Bridge Street 2 Moorgate Chester CH1 1RS London EC2R 6DA

In March 2022 CCLA Investment Management was appointed as Investment Managers to replace Cazenove Capital. The transfer of assets took place in spring 2023 after this year of account

CCLA Investment Management Ltd One Angel Lane London EC4R 3AB

COMPANY REGISTRATION NO 62753

CHARITY REGISTRATION NO 223882

VICE PRESIDENTS Martin McMillan Edward Pysden $

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

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CHAIR’S REPORT

This is my first report as the new Chair of the Hallé Concerts Society and what an honour it is to take on a role such as this which for me is a passion and not a job. I should pay tribute to the exemplary work of David McKeith who as Chair for the past 14 years has overseen such a rich period in the Hallé’s illustrious history. I know that I have big shoes to fill as David has been a force for good throughout his tenure but I look forward to helping the Hallé maintain and develop its reputation and standing as one of the finest orchestras in the world.

As you will see from our Chief Executive David Butcher’s report, it’s been another award-winning year for the orchestra on and off the concert platform. We were able to present a full season of concerts in Manchester for the first time in three years to over 100,000 people and continued to add to the library of studio recordings. Similarly our vast education and outreach programme reached over 39,000 young people and our ensembles programme was back up to full capacity with 700 people of all ages taking part in musical activity every week at Hallé St Peters. Looking ahead these are exciting times for the Hallé Concerts Society particularly following the announcement that Kahchun Wong will become Principal Conductor and Artistic Advisor from the 202425 season, succeeding Sir Mark Elder, who will become Conductor Emeritus.

In financial terms, although we face the challenges of rising costs and trying to rebuild our audience and fundraising income to pre COVID levels, our balance sheet position is relatively healthy thanks to the UK government’s support during the pandemic and the enhanced Orchestra Tax Relief which has impacted positively on many orchestras across the country. We are hugely grateful to Arts Council England who confirmed our National Portfolio Organisation status from 2023-26 with standstill funding, and to the Greater Manchester Combined Authority and Manchester City Council whose ongoing support is critical to our existence. The generosity of these funding organisations and, of course, the many sponsors, trusts and individuals, is central in enabling us to develop the vast programme of work across Greater Manchester and internationally.

Debbie Francis Chair 16 August 2023

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

‘after more than two decades with Elder as Music Director, orchestra and conductor seemed to think, breathe, feel as one.’ The Guardian, 2023

The financial year 2022-23 has seen the Hallé Concerts Society in full flow, continuing with ambitious programmes and projects, and with the adverse impact of the pandemic fading rapidly. Hallé initiatives demonstrated a new spirit of adventure, range and diversity whether presenting a complete Vaughan Williams Symphony Cycle, a critically acclaimed semi-staged Madama Butterfly or mounting an International Conducting competition. We engaged over 33,000 young people across Greater Manchester in our innovative projects and packed The Bridgewater Hall for our schools concerts.

This ambitious vision was recognised and commended with the orchestra winning a South Bank / Sky Arts Performance of the Year Award for its commissioning and performance of Huw Watkins’ Symphony No. 2. In Ivan Hewett’s 2022 classical music review of the year for The Daily Telegraph , the Hallé’s ‘magnificent performance of Verdi’s immense Requiem’ was his No.1 concert of the year and coincided with the Hallé’s nomination as World Orchestra of the Year for 2022.

The Hallé’s ‘magnificent performance of Verdi’s immense Requiem’ The Daily Telegraph

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

These awards and ambitious projects have been enabled by many funding organisations, trusts, sponsors and individuals. In particular we are hugely thankful for support from Arts Council England where we were successful in our National Portfolio bid, receiving standstill funding from 2023-26. We were also successful with our bid to the Greater Manchester Combined Authority for the same period, which alongside funding from Manchester City Council provides a crucial investment from which we can raise further funds and plan in a robust yet ambitious way for the next three years. I would particularly pay tribute to the Treasury’s decision to increase retain the Orchestra Tax Relief rate at 50% during this year and the next, which has provided vital financial help to the Hallé Concerts Society and to many orchestras across the country.

CONCERTS, RECORDINGS, BROADCASTS

The Hallé’s 2022-23 season was the orchestra’s first full season in three years following the pandemic, delivering over 80 concerts in Manchester, a new (sell-out) Chamber series at Hallé St Peter’s and 25 further concerts across the UK and overseas. Among many highlights worthy of particular mention was the Hallé’s leading role in a complete cycle of the nine Vaughan Williams’ symphonies, in partnership with the BBC Philharmonic, to celebrate the 150th anniversary of his birth. All the critically-acclaimed concerts were broadcast by BBC Radio 3. There is a special bond between the composer’s works and the Hallé and a box set of all the symphonies, conducted by Sir Mark Elder and on the Hallé’s recording label, was released to mark the anniversary.

We were delighted to appoint composer Dobrinka Tabakova as Artist in Residence for the 2022-23 season, with the orchestra performing and recording her music, as well as commissioning a new composition for the Hallé Youth Orchestra. Another new commission was premiered from the composer Ryan Wigglesworth for the Hallé and the Hallé Chair in March 2023, receiving a 5-star Times review heralding ‘a stunning Magnificat’. There were returns for soloists including Nicola Benedetti, Ian Bostridge, Alice Coote, Steven Isserlis and debuts for

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

conductors including Dalia Stasevska, Alpesh Chauhan and, notably, Kahchun Wong, in a searing performance of Shostakovich’s Symphony No.5.

A televised BBC Prom featured the Hallé in a semi-staged performance of Puccini’s Il tabaro , hot on the heels of BBC Four’s broadcast of the Hallé’s film of Stravinsky’s The Soldier’s Tale , filmed around Manchester.

There were full seasons too in the Hallé’s resident cities of Nottingham, Sheffield and Blackburn, alongside regular concerts in Bradford, Stoke, York and Gateshead. In particularly, the Hallé’s 20th year as Nottingham’s Resident Orchestra was celebrated with a sold out concert at the Royal Concert Hall in October, featuring Sir Mark Elder and Pavel Kolesnikov. Further afield there were concerts on the Isle of Man, Dublin’s National Concert Hall, Saffron Hall and the Sage Gateshead.

Particular mention goes to Stephen Bell, the Hallé’s Associate Conductor, who led many memorable and packed Pops concerts presenting music ranging from John Williams and ABBA to the first Hallé Gaming concert. In her final season with us, Delyana Lazarova, the Hallé’s Assistant Conductor, continued to impress and is now garnering invitations to conduct orchestras around the world. We wish her

every success as she embarks on the next stage of her career and look forward to seeing her back in Manchester when her schedule permits.

In June 2023 we were thrilled to reveal that Kahchun Wong will become Principal Conductor and Artistic Advisor of the Hallé from September 2024. Everyone at the Hallé is excited about Kahchun Wong’s appointment. From the very first moment in rehearsal it was clear there was a special alchemy between Kahchun and the players, which blossomed into a magical and unforgettable experience for musicians and audience alike. We also introduced composer, conductor and pianist, Thomas Adès as Artist-in-Residence of the Hallé from 2023-24 for two years His residency will allow the Hallé to explore music by one of the indisputable giants among composers on today’s global stage.

At the same time, we announced that Sir Mark Elder will become Conductor Emeritus after twenty-four transformative years which have left the Hallé enriched, revered and the envy of the musical world.

With these exciting appointments, the orchestra now looks ahead with confidence and a new energy, poised to explore and embrace yet more musical challenges and adventures.

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‘The Hallé has, for over 160 years, been
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‘The Hallé has, for over 160 years, been not only a jewel in Manchester’s musical crown, but an orchestra that has been hailed as amongst the best in Britain and beyond. Manchester has always been, and remains an outward looking international city, and we hope this appointment will enhance and expand that reputation.’

Andy Burnham, Mayor of Greater Manchester on the appointment of Kahchun Wong

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

‘What an inspiring afternoon! Our children were mesmerised by the Hallé and so honoured to have performed, sang and danced with the orchestra. Thank you’ Feedback for Come and Play with the Hallé

COMMUNICATIONS AND DIGITAL

During the year, over 100,000 people saw and heard the Hallé orchestra perform live and just over 7000 people attended one of our concerts for the first time. An estimated 1 million heard the orchestra via radio and TV broadcasts. Whilst box office receipts have exceeded our targets, audiences were often late booking, a feature of post-COVID times and something that is shared by nearly all creative companies. Overall the 2022-23 season, taken up to the end of March 2023, produced another good result, ending over £78,000 ahead of estimate. A number of specific events did exceptionally well, notably Nicola Benedetti’s concert in January 2023 which alone, and despite completely unfamiliar repertoire, exceeded its target by over £25,000. We should also remember the excellent Christmas season we enjoyed with the three carol concerts contributing another £27,000 to that total.

We have increased our focus on the Hallé’s social media presence and are delighted that fans and followers numbers have increased by 13% across all platforms, including a 43% and 49% increase in impressions and in reach respectively. We have continued to explore Tiktok by offering content that is fun and light-hearted, specifically to engage with our growing younger demographic. Our new and more interactive Hallé website went live in early 2023. After lengthy planning, building and testing, the new site offers a visuals-led fresh look, intuitive navigation and a more inclusive presence of our Hallé Connect activities.

Our Digital teams also created films featuring, for example, Dobrinka Tabakova, the Siemens-Hallé International Conducting Competition and Low Four Productions. Digital projects such as these have been enhanced by remote camera equipment as part of the investment made possible by the Garfield Weston Foundation. This has opened up many new and ambitious digital projects which are enhancing our work right across the organisation.

HALLÉ CONNECT

Hallé Connect brings together all of the Hallé’s work away from the formal concert platform, working across the whole community, from schools to care homes, nurturing young talent and bringing music in its broadest terms to those who may choose not to attend the concert hall. Hallé musicians work in various settings across Greater Manchester and beyond, releasing creativity and raising aspirations through very accessible and practical projects. In 2022-23 a total of 43,402 participants took part in over 76,000 engagements across all Hallé Connect programmes.

The main aim across the year following the pandemic has been to re-establish the core schools programme for Greater Manchester. This has involved the following projects: Adopt-a-player, Hallé for Youth (concerts and creative arts schools’ project), Inspire, SEND work and Come and Play with the Hallé. Annually, all ten boroughs of our region receive a major Hallé schools programme for children and young people. Considerable progress was made in 2021-22 to re-establish our desired levels of activity and for 2022-23 we are delighted to confirm that the full programme was realised. In more detail, for 2022-23:

Adopt-a-Player - This took place in Wigan, Bury and Bolton. Adopta-Player involves children from a high school, and three partnership primary schools in each of the selected boroughs, attending a Hallé concert at The Bridgewater Hall and then adopting a musician from the orchestra. Across a number of workshops, assisted by their musician, the children then created their own version of the music which they’ve heard the Hallé perform at the concert.

Hallé for Youth Schools’ Programme - This project centres around the four schools’ concerts held in March each year, at The Bridgewater Hall, and for 2022-23 involved two primary schools each from Manchester and Tameside. The Hallé for Youth Schools’ Programme is a multi-arts project which for this year was delivered by the Hallé, the Museum of Science and Industry and the Northern Ballet School.

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

Institution, and project leader, Hallé Principal Tuba, Ewan Easton received an MBE for this work.

Inspire - Involving four primary schools in deprived areas of Greater Manchester: Ardwick in Manchester, Ashton-under-Lyne in Tameside, Little Hulton in Salford and Stretford in Trafford; pairs of Hallé musicians have been working with selected groups of children using creative music and performance. Each school sets a curriculum theme for each term and the musicians deliver a musical version of this theme across a number of workshops. This allows the teachers to broaden the approach of the teaching which has resulted in better concentration, increased self-esteem and confidence with the pupils and better engagement with the subject.

In terms of school concert attendance, it has been a terrific year. We recognise through our hub partners that, following the pandemic, there is a real hunger across the education sector to attend professional performances both in theatres and in music venues. However, the increasing cost of transport, particularly coach travel, has deterred many of those who would normally attend our concerts. This situation has been more severely felt in rural areas where increasing transport cost has become a real issue.

Come and Play with the Hallé - These concerts at The Bridgewater Hall involved many hundreds of children across four performances, from schools in Oldham, Bolton, Manchester and Rochdale, playing, singing and dancing with the Hallé. The project directly connects to the curriculum: the Whole Class Instrumental Teaching Programme, which provides resources through the Music Education Hub system for all children in English primary schools to learn to play a musical instrument. The programme also played in Bradford, Nottingham, Derby, Stoke-on-Trent and on the Isle of Man.

In terms of numbers, Come and Play with the Hallé, across a 19 concert run in Summer 2022, played to around 24,000 children with 18,000 playing with the Hallé across our ‘Americas’ themed programme. Hallé for Youth in March played to 8,000 pupils across the four Bridgewater Hall concerts and we had a waiting list of schools for each concert. Sadly, we had to cancel the Sheffield concerts because of the snow but these were replaced with other concerts in July. For younger children, the two Keystage 1 concerts at The Bridgewater Hall played to capacity audiences and our Setworks concert for GCSE and A level music in January also sold out. Just under 2,000 teenagers, from as far afield as Northampton and Cumbria, attended The Orchestra Through the Ages performance.

SEND programme - In 2022-23 our long-term relationship was re-established at Seashell Trust in Stockport. The Hallé’s Musicians in Residence programme at Seashell has taken a long time to recover because these children are among the most vulnerable in society and therefore the effects of lockdown were for them more severe than for most.

Other school projects generated considerable demand from schools across the North West region and beyond. ‘Meet a Musician’ was delivered in 22 schools and the ‘Early Years’ programme performed not only in Greater Manchester but also on two tours of Yorkshire. Supported by Orchestras Live, ‘Storytime’ and ‘Hallé Magic’ reached as far afield as Redcar, Whitby, Bridlington, Catterick and Skipton.

HALLÉ4BRASS - This programme teaches excluded children in Salford, at the Barton Moss Secure Care Centre, to play brass instruments, giving them a new focus in their lives. This award-winning project was originally based at HMP Thorn Cross, when it was a Young Offenders

‘Wow, wow, wow! Our son took part in the Stockport Schools playing with the Hallé experience today. Thank you so much. It was absolutely amazing!’ Feedback for Come and Play with the Hallé

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

In our community activities a particular highlight has been the everincreasing popularity of our Relaxed Concert series. Eight of these concerts have taken place across the year at Hallé St Peter’s, for various minority audiences including dementia families, adults with learning difficulties, stroke victims, children with Special Educational Needs, refugees and asylum seekers and the homeless. We were also delighted to be part of the celebrations for Stalybridge, Greater Manchester Town of Culture back in September where our 26 piece relaxed ensemble played to two capacity audiences in the Civic Hall in the town.

Through our relationship with the Greater Manchester NHS Integrated Care Partnership our work in local hospitals and care homes has continued to expand. Whilst our flagship project continues at Pendine Care Homes in Wrexham in North Wales, workshops have also taken place in care homes in Manchester around our centre at Hallé St Peter’s in Ancoats. Other activities have been delivered in Manchester, Rochdale, Heywood and Middleton, at the Woodlands Hospital in Salford, with the Afro-Caribbean Care Group in Manchester and with a group of disabled adults connected to L’Arche, (an international charity supporting disabled people). New activities are now being planned for 2023-24 in Oldham, Rochdale, Stockport and, starting in July 2023, through LIME, in the Manchester NHS Foundation group of hospitals.

‘Mum lost herself in the music: she adored each and every piece. The venue was amazing and everybody without exception, was so friendly, welcoming and helpful ... The direct connections the music and the orchestra create and enable with emotions and memories is incredible. Mum’s smiling face said it all.’ Relaxed concert attender

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

‘ The Hallé Choir was on outstanding form, crisp and disciplined, in music that has its fiendish patches.’ The Guardian, March 2023

Other youth highlights included the Youth Choir featuring in the Hallé’s first ever concert of gaming music, and the Youth Orchestra performing side-by-side with Hallé players in January for Holst’s The Planets conducted by Delyana Lazarova. This project also provided a first opportunity for a side-by-side off-stage chorus of sopranos and altos. The Youth Training Choir was a little larger than usual this year and having more singers brought a greater social atmosphere and a depth to the collective sound.

ENSEMBLES

The Hallé’s family of choirs and ensembles continues to welcome 700 people, aged 8 upwards, to sing and perform weekly with inspirational leaders. It has had an amazing year with many performance highlights and the first youth summer tours since the pandemic.

The Hallé Youth Choir toured to Cambridge and Suffolk, performing in Clare College, Cambridge, Orford Church, Norwich Cathedral and in The Red House in Aldeburgh (the former home of Benjamin Britten and Peter Pears). The Youth Orchestra toured to Scotland, performing in St Cuthbert’s Church, Kelvingrove Art Gallery and Paisley Abbey. The Youth Training Choir had a brilliant weekend at the Kingswood Adventure Centre in Doncaster, returning to delight friends and family with a performance in Hallé St Peter’s.

The Children’s Choir stole the show as usual in the Youth Ensembles Showcase concert in March, which included dramatised movements from Ocean World by Peter Rose and Anne Conlon, a piece which addresses the crisis of climate change in a very moving way. The Youth Orchestra enjoyed giving the premiere of a special new commission, Swarm Fanfares, by the Hallé’s Artist in Residence, Dobrinka Tabakova.

It was heart-warming to observe the beneficial impact of a tour on our youth members, many of whom have suffered in many ways throughout the pandemic. Even our most reserved youth members found new friends, and the collective sense of belonging and mutual support was incredible. The musical impact of this increased social interaction, and the confidence gained builds lifelong social and interpersonal skills which can be transformative. The dedication to rehearsal and collective endeavour produced truly stunning performances. Our audiences were genuinely astounded at the quality and professionalism of the performances.

The Hallé Choir, led brilliantly by our Choral Director Matthew Hamilton, has had a busy year, highlights of which included our own Hallé concerts and invitations from the BBC Proms to perform Elgar’s The Dream of Gerontius with the London Philharmonic Orchestra and Choir conducted by Edward Gardner at the Royal Albert Hall, and from the City of Birmingham Symphony Orchestra and Chorus in September in Symphony Hall, Birmingham. This work was the world premiere of a new commission by Brett Dean entitled ‘A Brief Moment in Time’, written to celebrate the CBSO’s Centenary. A double-bill of Verdi’s

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

Requiem in The Bridgewater Hall and in York Minster followed at the end of October.

The Siemens Hallé International Conductors Competition in March appointed Euan Shields as our new Assistant Conductor, who will start in post in September 2023. Euan is thrilled at his new appointment, and is looking forward to moving from New York to Manchester in August. He will spend at least two years working closely with Sir Mark Elder, and with the Hallé and he becomes Music Director of the Youth Orchestra.

We held our first Sing with the Hallé day for many years with Brahms’ Requiem in February 2023, welcoming over 700 singers into The Bridgewater Hall for a day of music-making.

Our open access choirs – the Ancoats Community Choir and Choral Academy – remain joyous accessible moments of music-making each week in Hallé St Peter’s. The Ancoats Community Choir impressed everyone at the recent Royal opening of the Oglesby Centre by HRH The Duchess of Edinburgh in April, with the Duchess describing the Choir as ‘joy on a plate’.

The competition attracted a total of 206 applications from across every habitable continent of the globe. After a long and thorough shortlisting process, 8 Finalists spent three full days in Manchester in March, working with the Youth Orchestra, a chamber orchestra of Hallé players and with the full Hallé for the Finals, presented for the first time in a public concert in The Bridgewater Hall.

The Oasis Unity Choir, shortlisted as a Finalist in the Manchester City Council Culture Awards, welcomes a diverse mixture of vulnerable adults from the Gorton area, and a translator assists sessions to ensure the local refugee communities can feel thoroughly welcome.

HALLÉ VENUES

Hallé St Peter’s and Hallé at St Michael’s continue to prove to be essential to the successful delivery of all our artistic, educational and community projects, providing vital resources and opportunities for the whole of the Hallé’s ambitions.

The new RNCM / Hallé Advanced Orchestral String Programme (formerly the Strings Leadership Training Scheme) nurtured seven postgraduate students during 2022-23. The students combined extensive professional playing experience with mentoring from Hallé Principals with tuition and chamber group work at the RNCM.

Hallé St Peter’s in particular, provides a centre for the Hallé’s rehearsal and recording activities and provides space to deliver more of our plans

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

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HRH The Duchess of Edinburgh at the official opening of the Oglesby Centre at Hallé St Peter’s
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of community engagement programmes through Hallé Connect, which are in turn becoming ever more inclusive and diverse in their reach. These venues are now fundamental to the operations of the Hallé’s Ensembles as home to weekly rehearsals for the Hallé Youth Orchestra and all six Hallé choral groups as well as centres for auditions and summer courses.

DEVELOPMENT

Our Development Department continued to work tirelessly during these difficult times. Our end of year fundraising figures are remarkably robust, achieving 90% of target, a brilliant result from the team given the immense challenges.

In other areas of fundraising, the landscape for trusts remains challenging with the pressure on funds, already limited because of COVID, increasing month on month. In particular, it is very difficult to achieve revenue funding currently from trusts and foundations, many prioritising those arts organisations that lost ACE funding. We have had some interest from trusts in helping us support capital projects and we successfully won an award from the Wolfson Foundation to fit solar panels onto Hallé St Peter’s to help us reduce power costs. The Oglesby Charitable Trust continues to support our work with emerging talent and alongside the Zochonis Charitable Trust and the Granada Foundation heads up a group of regional based trusts that consistently support our work. We continue to be well supported and encouraged by the large London-based trusts and have been invited to apply next year for significant awards following the pause we had to establish after receiving significant COVID emergency funding from many of the largest arts trusts in the UK.

Commercially the venues continued to develop and the past year was the first full year where they were able to operate without any COVID related restrictions. In addition to their use by the Hallé during the year, external activities in both our venues continue to expand.

The venues are at the centre of the musical world in Manchester, hosting rehearsals for BBC Philharmonic, Manchester Camerata, Manchester Collective, The Psappha Ensemble and others including community choirs like Manchester Proud Chorus and The Sunday Boys throughout the year. The ABRSM now uses Hallé St Peter’s as its Manchester examinations centre and both venues are used for performances by promoters including Fever by Candlelight, Hey Manchester, DHP Family, Band on the Wall and English Folk Expo.

In addition to music, the venues hosted a wide variety of other commercial and community bookings. These included events such as the ABO hosted Pearle Conference, launch events for Manchester City Council, wine tastings with Boutinot, dinners for the The Labour Party, YPO, Brother, Kuits, and Arup and training and conference events for Renekar, Simpson Haugh and Factory International/MIF among others, together with numerous wedding and private clients’ events.

Following on from the previous financial year, the loyalty of our corporate supporters continues and we are immensely grateful for their support and encouragement. Our key major sponsors including Brother, CMS, PZ Cussons and the Edwardian have remained firm (in some cases increasing both the level of support and their commitment). Our most significant Diamond Sponsor, Siemens continues to be supportive in both the UK and Germany and was delighted to deliver the second iteration of the Siemens Hallé International Conductors Competition (SHICC). Launched in October 2022 we received 209 applications, when applications closed in March 2023, with at least one individual applying from every inhabited continent in the world. The shortlist of

The venues’ impact on the Ancoats community has been sustained over this period with many local community groups and businesses making use of the spaces. Our public-facing commercial space in the building, run by catering partners Café Cotton, continued to be a popular destination despite the wider challenges in the hospitality industry related to the cost of living crisis.

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CHIEF EXECUTIVE’S REVIEW OF THE YEAR

finalists was of particularly high calibre and the final was delivered at The Bridgewater Hall for the first time. Euan Shields won against stiff opposition and takes up his post in September 2023 soon after he finishes at the Julliard in New York. We are actively working with Siemens to build towards the SHICC in 2026, now that it is established as an important global music competition.

Our wonderful patrons and individual donors continue to remain loyal and supportive. Most have now returned to concerts following the pandemic. We continue to build the Chair Endowment programme and to attract new supporters. We are working hard to design a major fundraising campaign to acknowledge the legacy of Sir Mark Elder. This will be launched in September 2023 and we anticipate considerable support from our patrons for this initiative.

Our National Lottery Heritage Funded Archive Project approaches the end of its first year and we have built momentum that has delivered excellent early results. We have worked with charities and organisations across Ancoats and established activities that explore and promote the archive. We delivered a volunteering day in response to King Charles III Coronation Bank Holiday volunteering initiative. We are working hard to build a case for the NLHF to continue supporting us to help us grow and secure this important project as we move into year 2 of the current agreement.

We were delighted that our Patron, HRH The Duchess of Edinburgh, visited Manchester to open the Oglesby Centre at Hallé St Peter’s in April 2023 and we were finally able to officially acknowledge the naming of the Victoria Wood Hall. It was a wonderful day with much to celebrate and we were pleased that the many funders and donors and civic dignitaries were able to join us.

PERSONNEL & BOARD

During the financial year the orchestra had a series of starters and leavers across the orchestra. Most notably, following an extensive Leader recruitment process, we were delighted to welcome the acclaimed violinist Roberto Ruisi as the Hallé Leader from September 2022.

Other starters within the orchestra included Marie Schreer as Section Leader Violin 2 in February 2023 and Lucy Arch as Tutti Cello in January 2023. Within this period, Christine Anderson, Tutti Viola, took the decision to leave the orchestra for freelance work in London.

Within the management team there were two significant departures. Stuart Kempster, Concerts Director, took the decision to leave after 23 years in the position, having originally joined the Hallé as a trombonist. Stuart has made an exceptional contribution to the Hallé over the years and we wish him well. We have been fortunate to find an excellent replacement in Jenny Nicholls who joined us as Head of Concerts from the City of Birmingham Symphony Orchestra. Steve Pickett, our Education Director, retired on 14th July after 21 years with the Hallé. Steve’s contribution in building such a thriving education department at the Hallé cannot be underestimated and he has touched the lives of so many young people over the years. We wish him well in his retirement and we are delighted that as composer and workshop leader, he will continue his relationship with us. I am thrilled that, looking ahead, under Naomi Benn’s leadership we now have a Hallé Connect department (embracing Education, Outreach and Ensembles) which will enable us to build on Steve’s excellent work.

More widely, I would like to acknowledge the extraordinary skill and inspiration of the Hallé musicians and management team: world-class in every sense curating and producing performances and projects of exceptional quality and range and, crucially, inspiring and building audiences and the next generation of musicians. Sir Mark Elder continues to be our inspirational artistic lodestar, demonstrating tireless energy across all areas of the Hallé’s work as we enter his final thrilling season as Music Director.

Finally, I must pay tribute to the extraordinary contribution of our Chair, David McKeith, who stood down in March 2023 after 14 outstanding and transformative years. He has overseen many significant developments, not least the opening of the Oglesby Centre at Hallé St Peter’s, enabling our ensembles and outreach programmes to expand alongside our artistic and business growth and guiding the Society so astutely through the COVID pandemic. We now have a fantastic platform for future pioneering initiatives and we are fortunate to have found such a distinguished and progressive successor in Debbie Francis – the first female Chair in the Hallé’s long history – and I hugely look forward to working with her in the coming years.

David Butcher Chief Executive 16 August 2023

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THE YEAR IN NUMBERS

ORCHESTRA AND MANAGEMENT

DIGITAL

2,500,000+ PEOPLE STREAMED from the Hallé own-label.

80 salaried musicians, with a 50/50% GENDER SPLIT comprising 60% British and 40% from 14 DIFFERENT COUNTRIES from around the world.

12,000+ UNIQUE VIEWS of Hallé video content including UK, US, Europe, Canada, Australia, Japan and India.

50 administrative staff, with 53/47% FEMALE MALE GENDER SPLIT and 4.4% ETHNICALLY DIVERSE.

40 ON-LINE FILMS.

9 FILMED CONCERTS produced.

6 RADIO AND TV BROADCASTS.

35% INCREASE IN SOCIAL MEDIA SUBSCRIBERS across all platforms.

‘The event was a joyous celebration of the beauty, diversity and power of Classical Music’

ILoveManchester.com

PERFORMANCE AND AUDIENCE

‘Can there be a current British orchestra with a better string sound? The sheer finesse they brought to Shostakovich’s fifth symphony was ravishing, particularly in their wondrous handling of the pianissimo passages in the first movement and the central largo. The romping bombast of the finale was terrifying, but again it was the glistening pianissimos within that movement that really impressed.’ The Observer

1,000,000+ HEARD THE HALLÉ via TV and radio broadcasts.

100,000+ CONCERT-GOERS heard the Hallé.

7,000+ FIRST TIME ATTENDERS.

107 PERFORMANCES of which 25 outside Manchester.

HALLÉ CONNECT

43,402 PARTICIPANTS of which 39,790 young people

76,529 ENGAGEMENTS away from the formal concert platform

ENSEMBLES

400+ ADULT SINGERS sang weekly across our adult choirs, contributing hugely to improved health and wellbeing.

300+ CHILDREN AND YOUNG PEOPLE from across GM and beyond made music weekly for free with our inspirational musicians across our four youth ensembles.

100+ EMPLOYEES SANG In our workplace choirs to improve their health and wellbeing in the workplace.

EDUCATION

24,000+ YOUNG PEOPLE from Greater Manchester played with the Hallé.

120+ BOYS WERE SUPPORTED through outreach sessions.

8,000+ ATTENDED HALLÉ FOR YOUTH concerts.

25+ SPECIFIC SINGING SESSIONS supported vulnerable adults to join in, feel welcomed, and have a break from the pressures of life and leave feeling valued and uplifted.

1,000+ ADULTS AND YOUNG PEOPLE attended relaxed concerts for people with dementia, disability and special educational needs.

7 ADVANCED STRING PLAYERS from the RNCM were mentored by Hallé musicians and played with the orchestra.

250+ CHILDREN were involved in the Hallé Inspire programme.

‘The Hallé have worked hard to create an inclusive offer for marginalised groups with their relaxed concerts. Being able to attend a free, intimate concert by such a prestigious organisations is a life-event which will stay in the minds for years to come. Mustard Tree, Manchester

THREE YEAR FINANCIAL SUMMARY

The table below summarises the underlying operating results of the Hallé group for the last 3 financial years.

Income from normal charitable operations excluding
exceptional items
Box office
Engagements, touring & broadcasting
Education & Hallé St Peter’s
Sponsorship & other income
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 (deficit)/surplus
Transfer from Endowment
(Deficit)/surplus before exceptional items
Net exceptional items
Total (deficit)/surplus for the year*		 2023
2022
2021
£000
%
£000
%
£000
%
1,253
13%
1,049
11%
131
2%
1,091
11%
468
5%
48
1%
640
7%
272
3%
71
1%
291
3%
274
3%
355
5%
891
9%
1,227
13%
1,242
17%
196
2%
104
1%
107
1%
3,206
33%
4,574
49%
5,301
72%
2,014
21%
1,291
14%
113
2%
9,582
100%
9,259
100%
7,368
100%
4,650
46%
4,166
47%
3,477
52%
781
8%
569
6%
311
5%
778
8%
647
7%
119
2%
1,592
16%
1,429
16%
1,288
19%
633
6%
570
6%
300
5%
1,013
10%
771
9%
649
10%
318
3%
324
4%
239
4%
367
4%
307
3%
279
4%
10,132
100%
8,783
100%
6,662
100%
(550)
476
705
220
234
200
(330)
710
905
-
-
242
(330)
710
1,147

*Exceptional items comprise:

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

Total funds
Unrestricted before pension liability
Pension liability
Total unrestricted
Restricted
Main Endowment Funds
Catalyst Endowment Funds
TOTAL FUNDS		 2023
2022
2021
£000
£000
£000
1,621
1,476
679
(8,709)
(8,687)
(10,104)
(7,088)
(7,211)
(9,425)
10,920
11,648
11,992
4,291
4,642
4,528
2,869
2,982
2,753
10,992
12,061
9,848

18

SUMMARY FINANCIAL INFORMATION

WHERE THE FUNDING CAME FROM

----- Start of picture text -----
Box Office 13%
Engagements touring and broadcasting 11%
Education and Hallé St Peter’s 7%
Sponsorship and other income 3%
Fundraising, legacies and bequests 9%
Investment income 2%
Revenue grants 34%
Orchestra Tax Credit 21%
----- End of picture text -----

WHERE THE FUNDS WERE SPENT

Orchestra, related staff and other costs 46% Conductors, soloists and freelance 8% Hall hire and box office charges 8% Other performance related costs including touring 16% Marketing and communications 6% Education and Hallé St Peter’s 10% Fundraising 3% Other 3%

19

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 2023, 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 the Annual General Meeting in September 2022. 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

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.

Investment Committee

John Schultz (Chair) $ Carol Culley ^(resigned 31 Oct 2022) John Eckersley $ David McKeith * $ Edward Pysden $ Tim Seagrave^ (appointed 31 October 2022) Elizabeth Shepherd $ (appointed 10 May 2022) 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 reelection. In accordance with the Articles of Association the following Trustees are due to retire in 2023 and will need to be re-elected (subject to their willingness to continue):

Sharon Amesu, Juergen Maier and Linda Merrick

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 Chair 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:

Audit Committee

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

Nominations and Remuneration Committee

Darren Drabble * (Chair) Sharon Amesu * David McKeith * (resigned 16 March 2023) Merryl Webster * Aileen Wiswell *

RISK MANAGEMENT AND INTERNAL CONTROL

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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TRUSTEES’ REPORT

In particular, it includes:

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

The implementation of procedures designed to minimise any potential impact on the charity should any of those risks materialise.

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.

The Hallé’s mission is to be the exemplar of a progressive and relevant musical institution in contemporary society, with a programme of work on and off the stage illuminating a pioneering zeal which is celebrated internationally and treasured locally by its family of diverse communities.

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 England (ACE) 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 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.

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.

The extent of our outreach work, 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 Hallé at 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.

21

TRUSTEES’ REPORT

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 32 and 33 and the consolidated and aggregated summary income and expenditure of the Group is given on page 31. A full review of the Society’s activities and achievements is set out in the Chair’s Statement and the Chief Executive’s Review of the Year, which have been approved by the Trustees.

Overview of 2022/23 financial position

The financial year 2022/23 has been the first full year of normal programming and activity, post COVID. Whilst this has been very positive operationally, it has been a challenging year financially because, whilst costs have returned with increased inflationary pressures, income has not recovered to pre-pandemic levels. Over the two years directly impacted by the pandemic, we were fortunate to receive additional government support and grants from Trusts, which mitigated the impact of reduced income from our activities; this was essential in enabling the Hallé to navigate the period successfully. This additional government COVID support ceased in 2021. The Hallé is therefore very appreciative and supportive of the temporary increase to Orchestra Tax Relief announced in October 2021, which has recently been extended to March 2026.

The Income and Expenditure Account on page 31 shows that the Group generated a net deficit for the year of £330k (2022: surplus £710k). The Consolidated Statement of Financial Activities (SOFA) on page 32 is a more comprehensive presentation of the Group’s financial results, 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 losses to give a full reconciliation of the movement in funds from 1 April 2022 to 31 March 2023.

The Statement of Financial Activities for 2022/23 shows a net decrease in funds of £1,070k for the Group and £727k for the Company. This decrease in funds includes an actuarial loss of £262k in respect of the Defined Benefit Pension Scheme and the Group position includes £376k of unrealised loss on investments held mainly by the Hallé Endowment Trust. Both of these factors are described in more detail later in the report. It should however be noted that neither of these movements is crystallised, they reflect unrealised losses due to wider economic conditions and are managed over the longer rather than short term.

The position before investment and actuarial losses for the Group is a net deficit for the year of £432k and reflects a broadly balanced budget position, with the majority of the £432k deficit being depreciation and expenditure charged to restricted reserves. These restricted reserves are made up of funds received in previous years for specific capital and project expenditure. This relatively positive position is made possible due to the approximately £1m additional income from the increased rate of OTR in the financial year.

Of the £10,992k in Funds at 31 March 2023 the majority of the funds are held in restricted reserves and permanent endowment funds, reduced by the liability on the defined benefit pension scheme:

Within the overall fund balances of £10,992k, expendable reserves are £4,458k (31 March 2022 £4,561k) and are explained in more detail in the Reserves section below. Maintaining this level of reserves has been possible due to the temporary increase to OTR, in place through the full 2022/23 financial year. The expendable reserves are essential both to support planned core activity over the next 5 years and to provide a buffer through difficult and uncertain times. Challenges over the next few years will include the wider and long-term economic impact of the pandemic, as well as exceptionally high levels of inflation. These more recent challenges exacerbate the pre-pandemic pressures of uncertainty over levels of future public sector grants and the contributions required to meet the Pension Scheme deficit. As a result there are many potential risks to the Hallé’s financial security and these reserves play a critical role in our financial resilience and ability to plan constructively for the future.

Review of 2022/23 financial results

Income

A full analysis of income is provided in notes 5, 6 and 7 to the Accounts. Total income in 2022/23 amounted to £9.7m (2022 £9.4m).

There are a number of significant movements within this £0.3m increase in income compared to 2021/22. During 2021/22 there was £1.4m of COVID related government support which ceased before the start of the 2022/23 financial year. As would be expected, 2022/23 witnessed a welcome increase in orchestra activity income of £1.2m compared to the previous year, reflecting a full year of activity, albeit with ticket and engagement income not reaching pre pandemic levels: orchestra activity income in 2022/23 was approximately 70% of a typical pre –pandemic year.

We also saw a reduction of £0.3m in fundraising income during 2022/23 compared to 2021/22. This is largely due to particularly high legacy income in the previous year and clearly this type of income is unpredictable. This type of major legacy/gift income is irregular in nature and monitored via a separate longer term target which we are on schedule to achieve. This is illustrated in the Major Fundraising table below which shows that to 31 March 2023 £827k has been raised compared to the cumulative target of £700k (building to an overall target of £2,500k).

Major fundraising - performance against target

Target - annual * 50 150 250 250
Target - cumulative 700 950 1,200 2,500
Actual raised - annual 237
Actual raised cumulative 827

The reduction compared to 2021/22 also demonstrates the challenges of fundraising in the current economic environment, where many Trusts and Foundations are offering fewer grants following their emergency support during COVID, as well as the competition from charities with more direct focus on social causes. On the positive side our individual donors (patron and chair endowment schemes) remain resilient and, despite challenges posed by the economic environment, 2022/23 saw an increase in corporate sponsorship largely due to our successful collaboration with Siemens on the second Siemens Hallé International Conductor competition which took place in March 2023.

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TRUSTEES’ REPORT

A major factor within the income movement is an additional £0.7m of Orchestra Tax Relief (OTR) income receivable for 2022/23 compared to 2021/22. This is due to 2022/23 benefiting from the full year impact of the temporary increase in the OTR rate introduced in October 2021.

Investment income for the Group is £290k, an increase of £120k compared to the previous year. This should however be viewed together with the unrealised loss on investments of £432k, as the investments are managed on a total return basis. More detail on investment performance is provided in the investment section of this report. A grant of £300k from the Endowment Funds was approved by the Endowment Trustees for 2022/23 (2021/22: £300k) and this is reflected in the transfers between funds in the SOFA. The grants from the Endowment Fund are an essential source of reliable income for the Society.

It is worth noting that a major element of our income is the ongoing support from Arts Council England (ACE), Greater Manchester Combined Authority (GMCA) and Manchester City Council (MCC) which with a combined total of £3.2 m represents approximately one third of our income, providing essential security for funding and planning our activities. We are grateful for this continued support and pleased that this income has been approved by ACE and GMCA at the same level for the period 2023-26.

Expenditure

A full analysis of expenditure is given in note 9. Total resources expended amounted to £10.2m (2022: £8.8m), an increase of £1.4m on last year.

As would be expected with the return to a full year of normal activity, this increase in expenditure relates to increased costs of concerts and education activities: 2022/23; £9.5m (2021/22 £8.2m). The bulk of the costs within this heading, approximately £5m, are staff salaries which continued regardless of the restrictions on activity arising from COVID. The increased costs are seen across conductors, soloists, freelancers, Bridgewater Hall hire fees and travel/subsistence costs. We have also experienced a significant increase in costs due to inflation, particularly on staff remuneration and Bridgewater Hall costs.

Fundraising costs of £305k (2021/22: £311k) mainly comprise staffing costs of the team.

Costs associated with our venues at Hallé St Peter’s and Hallé at St Michaels were £317k (2021/22: £278k). These are mainly staffing and facilities costs which remained largely unchanged during lock down restrictions. Indeed these venues were extremely valuable in terms of providing flexible and innovative opportunities for keeping activities going throughout the different phases of restrictions. The venues are now very busy with internal and external hire use. The impact of higher energy costs was largely mitigated by targeted government support for businesses up to the end of March 2023.

The other main expenditure heading is pension costs of £367k (2021/22:£307k) associated with the defined benefit scheme: these comprise interest of £232k on the liability and £135k administrative costs of the scheme. These costs are as calculated in accordance with financial reporting standards by a professional actuary. The approach is different from that used for the formal actuarial valuations required by the Pensions Regulator which form the basis of the recovery plan agreed periodically with the Pension Scheme Trustees and under which the Hallé paid £507k into the pension scheme to reduce the deficit in 2022/23 plus £100k administration costs.

Going concern assessment

The Trustees have adopted the going concern basis in preparing these accounts after assessing the forecast reserves position together with the principal risks and a range of scenarios arising from the ongoing impact of COVID and the wider political and economic environment.

The Trustees have considered the going concern position through modelling of a prudent Base forecast which was then stress-tested for

a number of potential downside factors. The forecast goes through to March 2025; this shows positive expendable reserves in excess of the target of £3 million with both the Base and more pessimistic forecasts.

Under the Base forecast the Expendable Reserves are forecast to exceed target at 31 March 2025.

The forecast was then stress tested for a number of potential downside factors. In 2023/24 and 2024/25 these downside factors include:

After applying the stress tests, expendable reserves at 31 March 2025 remain just over the target level of £3m. The Trustees also considered liquidity and the review of cash forecasts shows adequate cash reserves over the period.

The Trustees have also based their going concern assessment on the potential for management actions to mitigate any worsening scenario.

Taking the above factors into account, the Trustees have a reasonable expectation that the Charity will be able to manage the operational and financial risks facing the Society and 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.

Hallé Concerts Society Sickness and Benevolent Fund

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.

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 2022/23 is £58k (2021/22: £44k) in addition to physiotherapy and similar benefits of £8k (2021/22: £3k).

Charles Hallé Foundation

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 2022/23 the Charles Hallé Foundation received £348k in donations and legacies (2021/22: £291k) and raised £18k (2021/22: £11k) net income through fundraising events. Funds of £258k (2021/22: £300k) were transferred to the Society to support educational and other projects. Total funds at 5 April 2023 were £110k (2022: £12k).

Hallé Endowment Trust

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

23

TRUSTEES’ REPORT

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 for the Main Fund under the powers granted in Section 4 of the Trusts (Capital and Income) Act 2013. A proposal to Arts Council England for the Catalyst Fund to be managed on a total return basis has recently been agreed and the Trustees will implement this approach for the 2023/24 year of account.

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 for the 12 months to 31 March 2023 are consolidated into the 31 March 2023 Group financial statements.

The results of the Endowment Trust included in the consolidated results are as follows: during the 12 months to 31 March 2023 the Hallé Endowment Trust received donations and legacies of £59k and generated investment income of £207k (comparator figures from 2022 Group accounts for 12 months: £86k donations and legacies and £149k investment income). The investment loss consolidated into the group accounts is £362k (2022: gain of £461k). A grant of £300k was awarded to the Society in 2023 (2022: £300k). Total funds held by the Hallé Endowment Trust at 31 March 2023 were £7,158k (2022: £7,599k). More information regarding the investment performance is provided in the Investment Policy section below.

Hallé 2058 Foundation

The Hallé 2058 Foundation is treated as a restricted fund for the purposes of the Statement of Financial Activities and is 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 2022/23 was £43k (2021/22: £42k), increasing the fund balance to £1,086k.

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 (£376k) which is largely funded from the restricted funds set up with the donations to acquire these assets.

Investment policy

The Investment sub-committee reviews the investment strategy and performance of the Society and its related entities. During 2022/23 the discretionary management of the Group’s investment portfolios moved from Cazenove Investment Managers (a subsidiary of Schroders) to CCLA Investment Management Limited. The decision to move from Cazenove to CCLA was not a result of any dissatisfaction with Cazenove’s service or performance, rather a wish to appoint an investment management company with particular focus and expertise in respect of Charity clients and integrating Environmental, Social and Governance (ESG) principles within their overall investment strategies.

Between August 2022 and April 2023 the assets held by Cazenove were transferred to CCLA by liquidating all holdings held by Cazenove and reinvesting the proceeds into CCLA’s COIF Charities Ethical Investment Fund. Separate Investment Portfolios are held for the Main Endowment Fund and the Catalyst Endowment Funds (comprising the Hallé Endowment Fund), the Sickness & Benevolent Fund and the Terence Judd Trust.

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 which enables the Trustees to distribute investment gains as well as investment income. From 2023/24 this approach will also be adopted for the Catalyst Fund following approval by Arts Council England.

The following investment policies and strategy have been adopted by the Trustees of the individual trusts:

Taking the above factors into account CCLA have selected the COIF Charities Ethical Investment Fund as suitable for the investment policies of the individual Hallé associated Trusts and will keep this suitability under regular review.

The COIF Charities Ethical Investment Fund is a multi-asset, long-term fund with a diversified and balanced spread of investments including equities, bonds, property and cash. It excludes investments where >10% of revenue is from activities including oil and gas extraction, armaments, tobacco, alcohol and gambling.

Investment performance

The investment performance for the year to 31 March 2023 has been disappointing in terms of overall return, reflecting performance of the wider investment markets in the same period, particularly in Autumn 2022 and in UK Government bonds with the impact of the minibudget.

When investment income is taken into account the overall investment return in the year to 31 March 2023 was a negative -1.2% (2021/22: 7.6%) for the Main Endowment Fund, 2% (2021/22: 10.4%) for the Catalyst Fund and 1.2% (2021/22: 7.2%) for the Sickness & Benevolent Fund portfolio. These returns compare poorly to the target return of CPI+4% which was 14.5% for the same period. It should be noted, however, that the target return of CPI+4% is an average target over the longer term and clearly the 2022/23 financial year has been another exceptional year for investment markets.

The Catalyst Fund’s preference for income (before the recent move to total return) led to a greater allocation to UK investments. Previously this has been a detractor in terms of performance, but it has been beneficial during the past 12 months, with the energy and utility companies continuing to benefit from the political and economic situation and performing relatively well over the period.

24

TRUSTEES’ REPORT

The graph below illustrates investment performance compared to benchmark and target over the last five years. This shows that cumulatively to December 2021 the Main Endowment Fund had exceeded the CPI+4% target as well as the other relevant sector benchmarks (ARC). Over the same period the Catalyst Fund had fallen behind target because income-producing investments had not performed as well. Since December 2021 the performance of the Endowment Funds has been above that of the benchmark indices although has understandably fallen behind the CPI+4% target due to exceptionally high rates of inflation impacting on this target.

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

Reserves

In accordance with the Charities Statement of Recommended Practice (SORP) FRS 102 the Society has taken into account the risks facing the Charity in order to formulate an appropriate reserves policy.

The Trustees reviewed and approved the reserves policy in July 2023. The policy is stated below:-

In accordance with the Charities Statement of Recommended Practice (SORP) FRS 102 the 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 ongoing impact of the COVID pandemic on activities, inflationary pressures, reductions in 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 set a target for expendable reserves of approximately £3,000k to represent 6 months of fixed costs. This reflects 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.

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 2023 is £4,458k (31 March 2022 £4,561k). The Trustees consider their expendable reserves at 31 March 2023 to comprise the General funds of the Group £1,516k, plus the reserves of the Hallé 2058 Foundation of £1,086k, plus the Monument and Oglesby revenue reserves of £1,856k.

The Trustees consider the level of reserves to be in line with the target of £3,000k. The balance exceeds the target but 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 (£1,856k) 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.

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. The liability at 31 March 2023 is calculated as £8,709k (2022: £8,687k). Although this is significant, the liability is not crystallised at this date and is updated annually to reflect market conditions and other actuarial assumptions.

Investment Performance of Hallé Portfolios over 5 years

25

TRUSTEES’ REPORT

Defined benefit pension liability

The pension liability in the financial statements is calculated in line with financial reporting standards, whereas the formal actuarial valuation, normally carried out on a triennial basis, is the one recognised by The Pension Regulator. It is this latter valuation which forms the basis of the recovery plan and deficit payments to be made by the Society over future years. Further detail on the pension scheme liability is provided in note 22 of the financial statements. The liability is significant and presents a major risk for the Society. The Board of the Society works collaboratively with the separate board of Pension Scheme Trustees to meet Pension Regulator requirements and to balance pension obligations with the future financial security of the Hallé Concerts Society, recognising that the two priorities are closely linked.

The last complete triennial actuarial valuation was carried out as at 31 March 2020 and produced a liability of £15m. The Society agreed a recovery plan with the Pension Trustees to pay off the shortfall which 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. It is this plan which is reflected in these 2022/23 Annual Accounts. Formal valuations are normally triennial but given the previous valuation was during the exceptional circumstances of COVID, it was agreed to bring the next valuation forward to 31 March 2022. Discussions in respect of a revised recovery plan, based on this valuation, are currently underway.

Equity, Diversity, Inclusion and Belonging

The Hallé Concerts Society is embedded in its city and aims to embrace and reflect the diversity of Greater Manchester in all areas of its work and workforce - musicians, staff, board, participants and audiences.

Our aim is to become a truly inclusive and relevant organisation with a workforce, audience and participants as diverse as the communities we serve. We believe this is fundamental to the Hallé Concert Society’s future success and our ability to continue our positive contribution to culture and society in Greater Manchester and on the global stage.

An Equity, Diversity, Inclusion and Belonging (EDIB) Plan has been approved by the Board as part of this commitment to embrace and embed EDIB across all areas of our work, including programming, talent development, workforce, leadership and governance. It is monitored by an EDIB sub-group which reports to the Board, and internally at Senior Management Team and departmental team meetings. The plan sits within our Business Plan and will also align with a new strategic plan for 2023-26.

We want our workforce to be more representative of all sections of society at all levels in the organisation, and reflect the ethnic mix and diversity of Greater Manchester. We believe that the range of perspectives and experience diversity brings is an asset to our organisation. Our ambition is to ensure that all employees and job applicants are given equal opportunity. We’re committed to providing equality and fairness to all in our employment and not provide less favourable treatment on the grounds of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, ethnic origin, colour, nationality, national origin, religion or belief, or sex and sexual orientation. But simply having a diverse workforce is not enough. We want to build an inclusive environment, where everyone can develop to their full potential.

We also want to create an inclusive, welcoming environment for visitors, artists and all those who work with the Hallé Concerts Society.

We celebrate our differences, and recognise the importance of teams reflecting the communities they serve.

Environmental responsibility

We acknowledge that the operations of the Hallé Concerts Society have an effect on the local, regional and global environment and are committed, as an organisation, to continually monitor and improve upon

our environmental performance and support Greater Manchester’s Zero Carbon initiative. Environmental regulations, laws and codes of practice are regarded as setting the minimum standards of our environmental performance. Greater Manchester has set an ambitious net Zero Target of 2038, ahead of the UK target of 2050 (which is in line with the Paris Agreement).

The Hallé is committed to working to best sustainable policy and practice wherever possible. We recognise that this is an area where there is room for learning and improvement. Through training, networking and knowledge-sharing we aim to develop our work in this area and enable our staff to become sustainability champions, supporting and inspiring our communities, audiences, partners and stakeholders through action and engagement.

We appreciate the need for the Hallé to work hard to minimise our environmental impacts from the buildings we own and operate, and to continually monitor and report on our activities in order to better understand and improve our performance. We are fortunate that the Hallé St Peter’s extension was designed and delivered to a high technical standard with considerable attention paid to energy efficiency and sustainability but accept that innovation in this area is constant.

We recognise our position as a cultural leader, with a trusted voice and a broad reach to audiences. We will seek to engage our audience by providing focus on environmental issues through our artistic planning and our education and outreach work. We are a member of GMAST (the Greater Manchester Arts Sustainability Team) and actively support Greater Manchester’s Zero Carbon strategies. We share GMAST’s belief that the growth of our sector can be advanced through innovative lowcarbon initiatives and endeavours. It is our aim to place sustainability, wherever possible and appropriate, into the heart of our organisation, its operations and programming.

During the 2022/23 season the Hallé Environmental Working Group was formed with representatives from all departments. The group will actively pursue a reduction in the Hallé’s carbon impact by identifying relevant operational activities for departments to monitor, measure and develop plans for reduction. The group, the majority of whom have received Carbon Literacy training, takes collective responsibility to develop greater engagement from the Hallé Senior and Operational Management Team, members of the administration, Board, Orchestra and Ensembles and eventually members of the Society and Hallé audiences. The immediate aims for the group are to seek to reduce the carbon footprint of our administrative activities and our venues. Longer term the group will consider how we can positively impact on the travel/touring plans and behaviours of the Orchestra, Ensembles and our audiences. The ultimate aim of this group is to work towards the Hallé meeting Manchester’s Net Zero target of 2038.

Fundraising practices

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’s 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 Hallé is pleased to confirm that it has received no complaints in relation to its fundraising activity over the course of the 2022/23 year.

Pay policy for senior staff

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

26

Nominations and Remuneration Committee. The Chief Executive’s salary is normally increased in line with other management and administration salaries within the Society.

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 COVID pandemic, high inflation and the cost of living crisis. As described in detail in the going concern note on page 23 we have a reasonable expectation of continuing in business beyond the next 12 months

During this period, we will continue to work closely with our public sector partners including ACE, GMCA and Manchester City Council and with 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, in the interests of pensioners and the Society, to manage the challenges posed by the scheme.

Against the continuing backdrop of the financial impact of COVID and other, more recent financial pressures, 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.

In 2023-24 we are planning to balance these external factors with the Hallé Concerts Society’s zeal and its status as one of the world’s leading orchestras with a full and pioneering programme of work across all departments.

initiatives in community settings such as care homes, in pupil referral units, hospitals and in day centres. The Ensembles programme continues with weekly rehearsals and touring projects for our Youth Orchestra and Youth Choirs. Much of this work is enhanced by our venues Hallé St Peter’s and Hallé at St Michael’s, and in particular by the new facilities at Hallé St Peter’s, which host not only the Hallé’s work, but a vast range of community and corporate partner and hirers’ events.

Principal risks and uncertainties

The Trustees consider the major risks facing the Society are:

As explained 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 of changes in the Society’s risk profile.

Specifically, the 2023-24 Bridgewater Hall season will be ambitious, packed with stunning music, stellar artists, world premieres and exciting new collaborations. It is, however, particularly momentous in that it will be the final season of our inspirational Music Director Sir Mark Elder, who stands down after 23 transformative years having overseen a seminal period of development for the Hallé and its re-emergence as ‘one of the world’s best orchestra’s’ ( The Times ). It is entirely fitting that Mark’s final concert will feature a celebratory commission from Sir James MacMillan for the Hallé, together with its Youth Orchestra, Children’s and Youth Choirs and the 200 strong Hallé Choir. In June 2023, it was announced that Kahchun Wong will be the Principal Conductor and Artistic Adviser from September 2024, replacing Sir Mark Elder, who will become Conductor Emeritus.

Other guest artists in 2023-24 include soloists Benjamin Grosvenor, Jess Gillam, Stephen Hough, Masabane Cecilia Rangwanasha and conductors Daniele Rustioni, Roderick Cox and Kahchun Wong. Thomas Adès, one of the most celebrated living composers and conductors, joins as our Artist-in-Residence. Adès’ music will appear throughout the season and he will conduct some beautifully crafted programmes and will feature at the piano in our hugely popular Chamber Music Series at Hallé St Peter’s.

During the season there will be some exciting new initiatives to complement the existing Thursday, Opus and Pops series.

Similarly, our Hallé Connect department which manages our ensembles, education and outreach programme, will curate a wide range of work in schools via our hugely popular ‘Come and Play’ and ‘Music for Youth’ concerts as well as immersive programmes in schools across Greater Manchester. We are also commencing a new 5-year partnership with the City Music Trust in Stoke, which aims to reach 10,000children annually and to deliver inspirational musical experiences which complement their learning across the curriculum. We also continue our

27

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 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 company and of the group’s excess of income over expenditure for that period. In preparing each of the group and 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 group and company will be proposed at the Annual General Meeting, together with a resolution empowering the Trustees to fix their remuneration.

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 Acts. 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.

By Order of the Board

Debbie Francis Chair and Trustee 16 August 2023

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

28

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 2023 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 28, 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 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.

29

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

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.

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.

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

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

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 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

30

CONSOLIDATED AND AGGREGATED SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Gross income from charitable operations
Orchestra Tax Credit
Total income from continuing operations
Total expenditure for continuing operations
(Deficit)/surplus on ordinary activities for the year before transfers and asset disposals
Net (expenditure)/ income after interest and charges, before transfers
Transfer from endowment funds
19
Net (expenditure)/income for the year
Dealt with by:
The Society
Subsidiary company and related trusts		 7,568
7,968
2,014
1,291
9,582
9,259
(10,132)
(8,783)
(551)
476
(550)
476

220
234
(330)
710
(450)
713
120
(3)
(330)
710

The notes on pages 36 to 58 form part of these financial statements.

31

CONSOLIDATED AND AGGREGATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

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 (expenditure)/income and net movement in funds before
gains and losses on investments
Net (loss)/gain on investments
13
Net (expenditure)/income before transfers
Transfers between funds
19
Net incoming/(outgoing) 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
3,725
372
59
4,156
5,886

2,984
-
-
2,984
1,790

291
-
-
291
274
71
125
94
290
170
2,014
-
-
2,014
1,291
9,085
497
153
9,735
9,411

305
-
-
305
311
-
13
19
32
32

8,579
868
16
9,463
8,168

367
-
-
367
307
9,251
881
35
10,167
8,818
(166)
(384)
118
(432)
593

-
(14)
(362)
(376)
489
(166)
(398)
(244)
(808)
1,082

550
(330)
(220)
0
-
384
(728)
(464)
(808)
1,082

(262)
-
-
(262)
1,132
122
(728)
(464)
(1,070)
2,214
(7,210)
11,648
7,624
12,062
9,848

(7,088)
10,920
7,160
10,992
12,062

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 36 to 58 form part of these financial statements.

Total investment income amounted to £290k (2022: £170k) of which £71k (2022: £13k) was unrestricted, £125k restricted (2022: £91k) and £94k (2022: £66k) accounted for within the Endowment Fund.

32

CHARITABLE COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Income and endowments from:
Donations and legacies 5
3,935		 372 - 4,307 6,110
Income from charitable activities:
Orchestral activity and education 6
2,984		 - - 2,984 1,790
Income from other trading activities
Activities for generating funds 7
274		 - - 274 263
Income from investments 70 7 - 77 20
Other incoming resources
Orchestra Tax Credit 2,014 - - 2,014 1,291
Total income 9,277 379 - 9,656 9,474
Expenditure
Expenditure on raising funds:
Costs of activities for generating funds 8
297		 - - 297 304
Investment management expenses - 1 - 1 2
Expenditure on charitable activities
Orchestral activity and education 9
8,576		 866 - 9,442 8,148
Other expenditure
Retirement benefit scheme costs 22
367		 - - 367 307
Total expenditure 9,240 867 - 10,107 8,761
Net income/(expenditure) and net movement in funds
before gains and losses on investments 37 (488) - (451) 713
Net (losses)/gains on investments 13
-		 (14) - (14) 29
Net incoming/(outgoing) resources before other recognised gains and losses 37 (502) - (465) 742
Transfers 250 (250) - - -
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension scheme 22
(262)		 - - (262) 1,132
Net movement in funds 25 (752) - (727) 1,874
Reconciliation of funds
Total funds brought forward at 1 April (7,226) 11,630 42 4,446 2,572
Total funds carried forward at 31 March 18
(7,201)		 10,878 42 3,719 4,446

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 36 to 58 form part of these financial statements.

Total investment income amounted to £77k (2022: £20k) of which £70k (2022: £13k) was unrestricted and £7k restricted (2022: £7k).

33

CONSOLIDATED AND AGGREGATED AND CHARITABLE COMPANY BALANCE SHEETS AT 31 MARCH 2023

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

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		 6,760
7,018
6,460
6,702
7,153
7,334
322
326
13,913
14,352
6782
7,028
4,165
2,020
4,667
2,262
3,142
6,352
2,477
5,802
7,307
8,372
7,144
8,064
(1,519)
(1,975)
(1,498)
(1,959)
5,788
6,397
5,646
6,105
19,701
20,749
12,428
13,133
(8,709)
(8,687)
(8,709)
(8,687)
10,992
12,062
3,719
4,446
7,160
7,624
42
42
10,920
11,648
10,878
11,630
1,621
1,477
1,508
1,461
(8,709)
(8,687)
(8,709)
(8,687)
(7,088)
(7,210)
(7,201)
(7,226)
10,992
12,062
3,719
4,446

The notes on pages 36 to 58 form part of these financial statements.

These financial statements were approved by the Board of Trustees and signed on its behalf on 16 August 2023 by

Debbie Francis Chair

Tim Edge Chair of Audit Committee

34

CONSOLIDATED AND AGGREGATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Cash (outflow)/ 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 (outflow)/inflow from capital expenditure and financial investment
Reconciliation of net cash flows to movement in net funds
(Decrease)/Increase 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 (outgoing)/incoming resources (as per the SOFA)
Depreciation charge
Increase in debtors
(Decrease)/Increase in creditors
Increase/(Decrease) in pension fund liability
Loss/(Gain) on investments
Interest received
Interest paid
Investment income
Net cash inflow from operating activities
Analysis of net debt
Cash at hand and in bank		 (3,184)
521
76
15
(2)
(2)
213
155
287
168
(118)
(79)
-
53
(514)
(182)
319
325
(313)
117
(3,210)
806
6,352
5,546
3,142
6,352
(1,070)
2,214
376
392
(2,145)
(53)
(456)
44
22
(1,418)
376
(490)
(76)
(15)
2
2
(213)
(155)
(3,184)
521
At 1 April
At 31 March
2022
Cash flow
2023
£’000
£’000
£’000
6,352
(3,210)
3,142
6,352
(3,210)
3,142

The notes on pages 36 to 58 form part of these financial statements.

35

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) (Charities SORP), 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 forecast reserves position together with the principal risks and a range of scenarios arising from the ongoing impact of COVID and the wider political and economic environment.

The Trustees have considered the going concern position through modelling of a prudent Base forecast which was then stress tested for a number of potential downside factors. The forecast goes through to March 2025; this shows positive Expendable Reserves in excess of the target of £3 million with both the Base and more pessimistic forecasts.

Under this base forecast the Expendable Reserves are forecast to exceed target at 31 March 2025.

The forecast was then stress tested for a number of potential downside factors. In 2023/24 and 2024/25 these downside factors include Concert income not recovering as assumed in the Base forecast, inflation pressure on costs and reductions in fundraising income.

With the stress tests Expendable reserves at 31 March 2025 remain just over the target level of £3m. The Trustees also considered liquidity, and the review of cash forecasts shows adequate cash reserves over the period.

The Trustees have also based their going concern assessment on the potential for management actions to mitigate any worsening scenario.

Taking the above factors into account, the Trustees believe that the Charity is reasonably well placed to manage the operational and financial risks facing the Society, 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.

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 2023 are aggregated into the 31 March 2023 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 2023.

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

36

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

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. The Society claims Orchestra Tax Relief as it is a qualifying Orchestral Production Company, which undertakes qualifying concerts. For 2022/23 the relief is payable at a rate of 50% of qualifying expenditure (80% of the creative and production costs incurred).

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 noncharitable 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.

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 (ACE). From 1 January 2023 the Trustees have also adopted the total return approach to investment accounting for the Catalyst Fund following approval from ACE.

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.

37

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

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.

m) 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.

38

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

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		 2023
2022
£’000
£’000
20
20
16
15
1
1
376
392

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.

5 DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Grants receivable
Revenue grants receivable:
Arts Council England
GM Combined Authority
Manchester City Council
Total revenue grants receivable
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total grants and donations
Grants receivable
Revenue grants receivable:
Arts Council England
GM Combined Authority
Manchester City Council
Total revenue grants receivable
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total grants and donations		 2,122
-
-
2,122
749
-
-
749
335
-
-
335
3,206
-
-
3,206
3,206
-
-
3,206
360
372
59
791
30
-
-
30
129
-
-
129
519
372
59
950
3,725
372
59
4,156
2,122
-
-
2,122
749
-
-
749
335
-
-
335
3,206
-
-
3,206
3,206
-
-
3,206
670
372
-
1,042
30
-
-
30
29
-
-
29
729
372
-
1,101
3,935
372
-
4,307

39

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

IONS AND LEGACIES (continued)
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
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total grants and donations
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
Total grants receivable
Donations and similar income
Fundraising donations
Membership subscriptions
Legacies and bequests
Total donations and similar income
Total grants and donations		 2,122
-
-
2,122
749
-
-
749
646
-
-
646
658
-
-
658
79
-
-
79
320
-
-
320
4,574
-
-
4,574
4,574
-
-
4,574
427
396
86
909
30
-
-
30
373
-
-
373
830
396
86
1,312
5,404
396
86
5,886
2,122
-
-
2,122
749
-
-
749
646
-
-
646
658
-
-
658
79
-
-
79
320
-
-
320
4,574
-
-
4,574
4,574
-
-
4,574
437
396
300
1,133
30
-
-
30
373
-
-
373
840
396
300
1,536
5,414
396
300
6,110

DONATIONS AND LEGACIES (continued)

40

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 & Hallé at St Michael’s
Total income from charitable activities		 1,253
1,049
958
397
133
72
2,344
1,518
363
73
277
199
2,984
1,790

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		 261
169
261
169
17
11
-
-
13
94
13
94
291
274
274
263

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
Total expenditure on raising funds		 265
276
257
270
40
35
40
34
305
311
297
304

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

41

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

9 COSTS OF CHARITABLE ACTIVITY

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 & Hallé at St Michael’s Costs
Operational costs
Total charitable expenditure		 4,584
66
-
4,650
424
357
-
781
231
-
-
231
647
-
-
647
95
-
-
95
85
-
-
85
63
5
-
68
632
-
-
632
131
-
-
131
33
-
-
33
24
336
16
376
718
3
-
721
7,667
767
16
8,450
264
25
-
289
292
75
-
367
40
-
-
40
596
100
-
696
316
1
-
317
316
1
-
317
8,579
868
16
9,463

42

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

COSTS OF CHARITABLE ACTIVITY (continued)

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 & Hallé at St Michael’s Costs
Operational costs
Payments to beneficiaries
Total charitable expenditure		 4,120
-
-
4,120
205
364
-
569
66
-
-
66
541
-
-
541
232
-
-
232
75
-
-
75
29
-
-
29
570
-
-
570
106
-
-
106
24
-
-
24
30
346
16
392
624
3
-
627
6,622
713
16
7,351
179
22
-
201
258
-
-
258
35
-
-
35
471
22
-
493
278
-
-
278
278
-
-
278
-
46
-
46
7,371
781
16
8,168

Company charitable expenditure is analysed on page 44.

43

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

COSTS OF CHARITABLE ACTIVITY (continued)
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 & Hallé at St Michael’s Costs
Operational costs
Total charitable expenditure		 4,584
66
-
4,650
424
357
-
781
231
-
-
231
647
-
-
647
95
-
-
95
85
-
-
85
63
5
-
68
632
-
-
632
131
-
-
131
33
-
-
33
24
336
-
360
715
1
-
716
7,664
765
-
8,429
264
25
-
289
292
75
-
367
40
-
-
40
596
100
-
696
316
1
-
317
316
1
-
317
8,576
866
-
9,44

44

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

COSTS OF CHARITABLE ACTIVITY (continued)

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 & Hallé at St Michael’s Costs
Operational costs
Payments to beneficiaries
Total charitable expenditure		 4,119
-
-
4,119
205
364
-
569
66
-
-
66
541
-
-
541
232
-
-
232
75
-
-
75
29
-
-
29
570
-
-
570
106
-
-
106
24
-
-
24
30
346
-
376
622
1
-
623
6,619
711
-
7,330
179
22
-
201
258
-
-
258
35
-
-
35
472
22
-
494
278
-
-
278
278
-
-
278
-
46
-
46
7,369
779
-
8,148

45

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

10 ANALYSIS OF GOVERNANCE AND SUPPORT COSTS

ANALYSIS OF GOVERNANCE AND SUPPORT COSTS

Management and Finance
Sundry office & operational costs
Professional and consultancy fees		 446
25
25
496
220
12
12
244
55
3
3
61
721
40
40
801
Management and Finance
Sundry office & operational costs
Professional and consultancy fees		 445
25
25
495
220
12
12
244
50
3
3
56
715
40
40
795

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

Management and Finance
Sundry office & operational costs
Professional and consultancy fees		 417
23
23
463
175
10
10
195
35
2
2
39
627
35
35
697
Management and Finance
Sundry office and operational costs
Professional and consultancy fees		 416
23
22
461
175
10
10
195
32
2
2
36
623
35
34
692

46

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:

The average number of staff emploed during the ear analsed b categor was as follows:
y y, y y y,
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		 75
77
48
45
123
122
3,907
3,739
408
369
460
432
4,775
4,540

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 £127k (2022: £125k) were received by Key Management Personnel in 2022/23. 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:

2023 2022
Number Number
£60,000-£70,000 1 -
£110,000-£120,000 1 1

The employers’ contribution to the Hallé Group Personal Pension Plan for the above employees was £19k (2022: £14k).

47

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

12 TANGIBLE FIXED ASSETS

----- Start of picture text -----
Cost or valuation
At 1 April 2022 7,408 95 1,016 610 81 9,210
Additions (7) - 3 122 - 118
At 31 March 2023 7,401 95 1,019 732 81 9,328
Depreciation
At 1 April 2022 1,009 95 563 497 28 2,192
Charge for the year 294 - 28 44 10 376
At 31 March 2023 1,303 95 591 541 38 2,568
Net book value
At 31 March 2023 6.098 - 428 191 43 6,760
At 31 March 2022 6,399 - 453 113 54 7,018
Cost or valuation
At 1 April 2022 7,408 95 616 610 81 8,810
Additions (7) - 3 122 - 118
At 31 March 2023 7401 95 619 732 81 8,928
Depreciation
At 1 April 2022 1,009 95 479 497 28 2,108
Charge for the year 294 - 12 44 10 360
At 31 March 2023 1,303 95 491 541 38 2,468
Net book value
At 31 March 2023 6,098 - 128 191 43 6,460
At 31 March 2022 6,399 - 137 112 54 6,702
----- End of picture text -----*

Lincoln Stradivarius - The Hallé Orchestra enjoys the use of the Lincoln Stradivarius free of charge. The violin is on loan from the people of the City of Lincoln to whom it was bequeathed in 1970. The Hallé pay for the upkeep of the violin and its insurance, the cost of which is included in expenses. The violin is not included within fixed assets as it remains the property of the City of Lincoln.

Capital commitments - At 31 March 2023 the Society had capital commitments of £nil (2022: £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 2023 would have been £nil. 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 2022 would have been £nil in the Endowment Trust’s books.

All tangible fixed assets are used for direct charitable purposes.

48

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

13 INVESTMENTS

INVESTMENTS
Fair value at 1 April 2022
Net disposals
Additions
Change in market value
Fair value at 31 March 2023		 7,334
326
(6,611)
(319)
6,806
329
(376)
(14)
7,153
322

In March 2022 CCLA Investment Management was appointed as Investment Managers to replace Cazenove Capital. The transfer of assets took place between September 2022 and April 2023. The disposals from Cazenove Capital and the purchase of assets within CCLA Investment management are represented by the disposals and additions figures above. There was no additional monies invested in or withdrawn from the portfolios in the year.

The following table shows the valuation and allocation of assets at 31 March 2023. The majority of holdings are in common investment funds.

Quoted investments:
UK equities
Infrastructure & Operating Assets
Fixed Interest
Cash & Near Cash
Derivatives
Other
Property
Shares in Group companies
At cost
Provision for impairment
Quoted investments:
At fair value		 4,791
66.97
233
72.2
494
6.91
24
7.5
509
7.12
24
7.7
347
4.85
17
5.2
1
0.02
-
-
280
3.91
14
4.2
731
10.22
10
3.2
7,153
100
322
100
1
1
1
1
(1)
(1)
(1)
(1)
-
-
-
-
7,153
7,334
322
326
7,153
7,334
322
326

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 2023 and of the income or expenditure for the period ended on that date for the subsidiary undertakings were as follows:

for the subsidiary undertakings were as follows:
Hallé Endowment Trust (charity number:286145) 7,159
(441)
Charles Hallé Foundation (charity number:236149) 97
109
Hallé Promotions Limited (company number:02592501) 5
-

49

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

14 DEBTORS

DEBTORS
Trade debtors
Amounts owed by connected charities
Amounts owed by group charities
Other debtors
Orchestra Tax Relief due from HMRC
Other prepayments and accrued income
All debtors fall due within one year.		 337
265
337
265
-
17
-
17
-
-
664
255
199
43
199
43
3,252
1,291
3,252
1,291
377
404
215
391
4,165
2,020
4,667
2,262

15 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Amounts owed to connected charities
Taxation and social security
Other creditors
Deferred income
16
Accruals		 255
397
255
397
11
-
-
-
109
100
109
100
54
65
65
65

420
583
420
581
670
830
649
816
1,519
1,975
1,498
1,959

16 DEFERRED INCOME

As at 1 April 2022
Amount released to incoming resources
Amount deferred in the year
As at 31 March 2023		 Group
Company
£’000
£’000
583
581
(583)
(581)
420
420
420
420

Deferred income at 31 March 2023 includes £198k of income awarded to fund activities in 2022/23. The remaining deferred income is sales relating to streamed concerts which were released after the year end.

17 FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS

Financial assets measured at amortised cost
Financial assets measured at fair value
Financial liabilities measured at amortised cost		 2023
2022
£’000
£’000
7,307
8,372
7,152
7,334
1,519
1,975

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 (2022: £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.

50

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

18 ANALYSIS OF TOTAL FUNDS

----- Start of picture text -----
Unrestricted reserves
General funds 1,407 9,085 (8,984) - 8 1,516
Designated funds:
St Peter’s maintenance fund 70 - - - 35 105
Pension reserve (8,687) (267) (262) 507 (8,709)
Total unrestricted funds (7,210) 9.085 (9,251) (262) 550 (7,088)
Restricted funds
Fixed asset reserves 44 - (12) - - 32
Digital equipment reserve - - - - 118 118
Hallé St Peter’s (HSP) capital fund 758 - (78) - - 680
HSP capital fund - Phase 2 774 - (246) - - 528
ACE capital funding – Phase 2 4,840 - - - - 4,840
Monument artistic 1,561 - (198) - - 1,363
Monument St Peter’s revenue 1,250 - - - (250) 1,000
Oglesby St Peter’s revenue 500 - - - - 500
Oglesby revenue challenge 362 - (6) - - 356
Hallé St Peter’s artistic fund 91 - - - - 91
Education and outreach 61 39 (85) - - 15
Heritage Lottery Fund 9 (9) - - -
Hallé 2058 Foundation 1,043 44 (1) - - 1,086
Sickness & Benevolent fund 346 6 (68) (14) - 270
Garfield Weston Foundation - 282 (164) - (118) -
Hallé Endowment Trust 18 117 (14) - (80) 41
Total restricted funds 11,648 497 (881) (14) (330) 10,920
Endowment Funds
HET Endowment fund 4,643 94 (35) (232) (220) 4,250
HET Catalyst Endowment fund 2,939 59 - (130) - 2,868
HCS Endowment fund 42 - - - - 42
Total endowment funds 7,624 153 (35) (362) (220) 7,160
Total funds 12,062 9,735 (10,167) (638) - 10,992
----- End of picture text -----

51

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

ANALYSIS OF TOTAL FUNDS (continued)

----- Start of picture text -----
Unrestricted reserves
General funds 1,391 9,277 (8973) - (292) 1,403
Designated Funds:
St Peter’s maintenance fund 70 - - - 35 105
Pension reserve (8,687) - (267) (262) 507 (8,709)
Total unrestricted funds (7,226) 9,277 (9,240) (262) 250 (7,201)
Restricted funds
Fixed asset reserves 44 - (12) - - 32
Digital equipment reserve - - - - 118 118
Hallé St Peter’s capital fund (HSP) 758 - (78) - - 680
HSP capital fund - Phase 2 774 - (246) - - 528
ACE capital funding – Phase 2 4,840 - - - - 4,840
Monument artistic 1,561 - (198) - - 1,363
Monument St Peter’s revenue 1,250 - - - (250) 1,000
Oglesby St Peter’s revenue 500 - - - - 500
Oglesby revenue challenge 362 - (6) - - 356
St Peter’s artistic fund 91 - - - - 91
Education and outreach 61 38 (85) - - 14
Heritage Lottery Fund - 9 (9) - - -
Hallé 2058 Foundation 1,043 44 (1) - - 1,086
Sickness & Benevolent fund 346 6 (68) (14) - 270
Garfield Weston Foundation - 282 (164) - (118) -
Total restricted funds 11,630 379 (867) (14) (250) 10,878
Endowment Funds
HCS Endowment fund 42 - - - - 42
Total endowment funds 42 - - - - 42
Total funds 4,446 9,656 (10,107) (276) - 3,719
----- End of picture text -----

Restricted funds:

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

• The fixed asset reserves represent monies provided for capital expenditure which in accordance with applicable accounting standards will be reduced over the useful lives of the assets in line with their depreciation.

• The Hallé St Peter’s Capital Funds and “ACE capital funding – Phase 2” represent monies received to support both the original conversion of Hallé St Peter’s, Ancoats into a rehearsal centre and the Phase 2 extension completed in November 2019. In accordance with applicable accounting standards these reserves will be reduced over the useful lives of the assets in line with their depreciation.

• The Monument funds represent funding received for revenue support for Hallé St Peter’s Phase 2 and to support the artistic programme.

• The Oglesby funds represent challenge funding from the Oglesby Trust pledged to match other funding raised, together with funding raised from supporters to match the Trust’s gift to support activity at Hallé St Peter’s.

• The Hallé St Peter’s Artistic fund represents a restricted donation for the purposes of enhancing the environment at Hallé St Peter’s.

• The Hallé 2058 Foundation Funds represent monies received in support of the fundraising effort for the Hallé’s 150th birthday combined with the funds raised by the earlier Hallé Public Appeal.

• The Sickness and Benevolent Fund and Hallé Endowment Trust funds represent donations and investments held for the restricted distributable purposes of those trusts.

• The Education and outreach funds represent funds received in support of specific educational and outreach projects.

• The Charles Hallé Foundation restricted funds represent funds received from a variety of donors for specific educational and outreach projects. Those funds are disclosed in the accounts of the Charles Hallé Foundation.

Endowment funds

Endowments amounting to £42k (2022: £42k) represent the amounts received from members under Article 25 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.

52

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

19 TRANSFERS BETWEEN FUNDS

TRANSFERS BETWEEN FUNDS

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		 220
(220)
-
-
80
(80)
-
-
-
220
(220)
-
250
(250)
-
-
550
(330)
(220)
-

20 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

Balances at 31 March 2023 represented by:
Tangible assets
Investments
Current assets
Current liabilities
Pension liability
Total net assets		 330
6,130
300
6,760
0
322
6,831
7,153
2,792
4,468
47
7,307
(1,501)
-
(18)
(1,519)
(8,709)
-
-
(8,709)
(7,088)
10,920
7,160
10,992
Balances at 31 March 2022 represented by:
Tangible assets
Investments
Current assets
Current liabilities
Pension liability
Total net assets		 259
6,443
316
7,018
-
326
7,008
7,334
3,182
4,880
310
8,372
(1,964)
(1)
(10)
(1975)
(8687)
-
-
(8687)
(7,210)
11,648
7,624
12,062

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 £284k held in cash (2022: £267k).

53

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

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

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
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		 122
(728)
(464)
(1,070)
(59)
301
16
258
63
(427)
(448)
(812)
2,215
(344)
343
2,214
6
346
16
368
2,221
2
359
2,582

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 £466k (2022: £438k).

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 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 contributions from the Society reflected in these Annual Accounts are based on this plan.

A formal valuation has also been prepared at 31 March 2022 and a revised recovery plan is under discussion which will impact contributions after 31 March 2023.

The 31 March 2023 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 £607k to the Scheme in the 2022/23 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.

54

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

Defined benefit pension scheme (continued)

Change in benefit obligation

Ch i bfit bliti
ange n ene ogaon
Benefit obligation at start of year
Current service cost company only, including administration expenses
Interest cost
Actuarial gain on obligation
Benefits paid
Administration expenses paid
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 losses on assets
Employer contributions
Administration expenses paid
Benefits paid
Fair value of scheme assets at end of year
Funded status
Components of pension cost
Amounts recognised within other expenditure
Administration expenses paid
Net interest cost (on defined benefit liability)
Total pension cost recognised within other expenditure
Re-measurements recognised in other recognised gains and losses
Actuarial losses on the assets
Actuarial gains on the liabilities
Total (loss)/gain recognised in other recognised gains and losses
All pension costs for the current and preceding year are recognised in unrestricted funds.
Scheme assets
The major categories of Scheme assets, measured at fair value are:
Asset category
Equities/Diversified growth
Corporate bonds and property
Government bonds
Cash and net current assets
The expected return on assets:
Actual return on scheme assets (£’000)		 25,700
27,300
135
100
695
565
(6,562)
(1,366)
(833)
(799)
(135)
(100)
19,000
25,700
17,013
17,196
463
358
(6,824)
(234)
607
592
(135)
(100)
(833)
(799)
10,291
17,013
(8,709)
(8,687)
135
100
232
207
367
307
(6,824)
(234)
6,562
1,366
(262)
1,132
4,860
8,528
-
2,975
7,357
2,456
1,128
10,291
17,013
2.10%
2.10%
(6,361)
124

55

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

Defined benefit pension scheme (continued)

The major weighted average assumptions used by the Actuary to determine benefit obligations were:

The major weighted average assumptions used by the Actuary to determine benefit obligations were:
Discount rate 4.7% 2.75%
Rate of increase in salaries N/A N/A
Rate of increase in future pensions in payment for
members retiring on or after 1/8/1993 inflation linked up to 5% 3.25% 3.8%
Rate of increase of in future pensions in payment for
members retiring before 1/8/1993 3% fixed 3% 3%
Rate of future inflation (RPI) 3.3% 3.95%
Rate of future inflation (CPI) 2.5% 3.15%

Weighted average life expectancy for mortality tables used to determine benefit obligations at 31 March

Mortality table pre- and post-retirement 93% S3PA 93% S3PA
YOB YOB
CMI 2021 CMI 2020
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 23
Life expectancy of a female member currently aged 65 25 25
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 commuted 80% of value commuted

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 wholly-owned subsidiaries which are consolidated.

The Society has a connected charity: the Terence Judd Trust. This Trust made contributions to the Society of £4k (2022: £4k) for administration costs during the current year and was owed £12k by the Society (2022: owed £17k 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 Outreach projects.

24 CONSOLIDATION OF HALLÉ ENDOWMENT TRUST

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 2023 (12 months) are aggregated into the 31 March 2023 Group financial statements. The fund balances increased by £188k in the 3 month period from 31 December 2022 (£6,971k) to 31 March 2023 (£7,159k) mainly due to investment returns in the period.

25 TOTAL RETURN INVESTMENT – MAIN ENDOWMENT

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. For this period of account the Catalyst Fund remained under current rules as it is an Arts Council based fund and subject to different arrangements from the Main fund. Approval has been obtained from the Arts Council to adopt the total return approach from 1 January 2023 and therefore this will take effect for the next period of account.

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

56

NOTES TO THE ACCOUNTS

(forming part of the financial statements)

TOTAL RETURN INVESTMENT - MAIN FUND (continued)

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. For the Endowment Trust year of account to 31 December 2022, the Trustees made a transfer of £221k 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 the Endowment Trust year of account to 31 December 2022 the trustees have agreed that such a transfer is not desirable following the fall in investment values experienced in the year.

The balance of the Investment Fund at 31 December 2022 is £2,818k. The total value of the Main Endowment is £4,128k at 31 December 2022, 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 2023 is £4,250k, the increase being investment returns in the 3 months to 31 March 2023.

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

e nvesmen 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 1/4/2022
Movement in unapplied total return and endowment in the year:
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
Closing value of endowment
Gift component of permanent endowment
Unapplied total return
Total
Revaluation reserve - Instrument
Total Endowment 31/03/2023		 2,634
-
2,634
-
1,932
1,932
2,634
1,932
4,566
200
-
200
2,834
1,932
4,766
-
75
75
-
(457)
(457)
-
(19)
(19)
-
(221)
(221)
-
-
-
-
(622)
(622)
(16)
-
(16)
(16)
(622)
(638)
2,634
-
2,634
-
1,310
1,310
2,634
1,310
3,944
184
-
184
2,818
1,310
4,128

57

NOTES TO THE ACCOUNTS (forming part of the financial statements)

26 OPERATING LEASE COMMITMENTS

At 31 March 2023 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		 18
19
18
19
43
62
43
62
-
-
-
-
61
81
61
81

58

SPONSORS, BUSINESS CLUB AND WORKPLACE CHOIRS AT AUGUST 2023

----- Start of picture text -----
Diamond Partner
----- End of picture text -----

----- Start of picture text -----
Major Sponsors
With thanks to Manchester Airports Group for 30 years of support.
----- End of picture text -----

----- Start of picture text -----
HALLÉ BUSINESS CLUB
PLATINUM GOLD SILVER
Brother BDO LLP Beaverbrooks
Greater Manchester Chamber of Commerce Bruntwood
Tony and Daniela Coxon
Elcometer
Esprit Group
----- End of picture text -----

MANY THANKS TO OUR FAMILY OF WORKPLACE CHOIRS

BAE Systems • BASF plc • BDO LLP • Bolton NHS Foundation Trust Carol Kendrick Centre • The Nightingale Centre The Oasis Centre • PZ Cussons plc • Siemens plc • Stockport Council

59

SUPPORTERS AT AUGUST 2023

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 Mike & Joanna Sambrook 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 Howard & Zoe Goldman Andrew Hay & Nicola Kitching Mark Kenrick Jennifer MacPherson John & Pat Turner

CRESCENDO

Mr Jon & Dr Carol Ashley Mike & Ros Barton Audrey & Richard Binch David & Maggie Blackburn Mrs Vivienne Blackburn Clair Boyes Dr Christopher Brookes Dr & Mrs Michael & Diana Cavanagh Lawrence David Cody & in memory of Mr & Mrs L. J. Cody Philip Crookall Mr A Fowell Mr & Mrs J. Fox Mr Richard Garnett Chris & Karen Halicki Miss Lynne Hamilton Dr Andrew Hardman Mrs C. A. Harmer Ms Val Hawkin David Haworth Margaret Heaton Mr John Hopwood & Dr Julia Morrison Professor Nicholas & Dr Mary Jones Kenneth Kay Mr Michael Leach Mr Colin Lomax Dr Alexander Marsland Mr Vincent Marsland Sir Charles Nightingale

Mrs Kathy Noble Mr John D Owens Mr D Pritchard AC & CJ Riddington T. G. Roberts Judith & Patrick Rutter John & Susan Schultz Mr P D Senn Mr David Shipley Sandra Stone Mrs E. G. Tonge Sheila Tonge Mr John Turner Lynne & Derek Waterfield Philip & Helen Wiles Judi Winterson & David Hoyle Craig & Margaret Wright For music In memory of Brenda Owens In memory of Father David Peters

INTERMEZZO

Dr D Yvonne Aplin Joan Ball Tony Bates Professor Tony Berry Mr K A Bevan Mrs Margaret Bradshaw Monica Clark & in memory of Mick Pamela Craig Sarah Crouch Peter J Dawson Mr Anthony Doust Dr George A Eccleston Rev’d & Mrs J F Ellis Charlie Fleischmann Ann Flowerday Debbie & Paul Francis Jeremy & Gillian French Mr John Hannah Mrs Bessie Harper Callum Harvey Mr & Mrs D Hawkes Peter & Audrey Hewer J E Hoffmann & B J Harrocks Chris Hughes, to mark 45 years with the Hallé Choir Mr Simon Hutchence Dr K Jeffery & Patrick Geary Mrs Wendy Jeffs Mr J G Knox Mr & Mrs B H Lawrence Mr & Mrs R W Lee Mr Alan Lowe Mr T Marsden John & Mary McPeake Stephen & Jacqueline Miley Mrs Alison Milford Miss Maire Morton John Nickson & Simon Rew Malcolm & Morag Ranson

Canon C Roberts Joan & Graham Rogers Dr T & P E Schur Sandra Stone & in memory of Martin Stone Phil Thornley Mrs M Warrener Mr J C White Professor Richard Whitley Mr John Wildman Joan Wood

In memory of Jean Dowling In memory of Albert Mesrie In memory of Arthur Newton, from his family and friends

SCHERZO

Mr Peter Adamson Mr Timothy R Ades Dr Katherine M Adler Ms Seifa Afiesimama Mrs J Ainsworth Mr Roger Ainsworth Vin Allerton Dr P J Alvey Dr Peter Barberis Mr Michael Barley Mrs J E Baxendale Mr Steve Best Mr D J Bird Mr Stuart Bishop Dr Howard Booth Mr David Bradley Arnold & Brenda Bradshaw Philip Broughton Mr Dean Brown Miss S R Brown Mr Andrew Bryan 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 Mrs Frances Critchley Mr John Critchley Hilary & Adrian Curtis Mrs J D Darwent Dr D Dawson Dr Jeffrey J Dean & Dr Penelope M Gouk Mr & Mrs B A DeSousa Mrs Marie Dixon Mr Paul Durham Mr E Alan Eaves Dr Francisco Eissa-Barroso Miss E Evans Professor Patrick Farrell

David Farrow

Miss Charlotte Fitzgerald Mr Alan Freeman Dr Tim Gartside Mrs Elaine M Gavin Mr Adrian Gerrard Mrs J Gill Mrs Mary Glynn Mr Christopher Grafham Mr & Mrs R Green 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 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 Mrs J M Hindshaw Mrs Janet Holwill Dr W Hoyle Mr H Hughes & Mrs F Hughes David Humphries Mrs Glynys Hunter Dr Steven Hurst Joyce Hytner Alma Jones, & in memory of Frank David & Fae Jones Christine & Michael Jones Mr Trefor Jones Miss Brunhilde Kay Jennifer & Paul Lingwood Mr Harry Lipson Mrs Dorothea Livesey Virginia & Peter Lloyd Mrs 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 Dr David Miers Mr David Milner Mr Jeff Milner Mrs Jean Moorhouse & in memory of the late Mr Peter Moorhouse Ms Kathleen Morris

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SUPPORTERS AT AUGUST 2023

Miss Jean Motler Mr P K Murphy Mr David Odling Professor Damian O’Doherty William & Janet Ollier Mr John Peaker Dr John Pearson David & Elizabeth Pioli Mr V M Potapczuk Professor James Powell OBE Dr R E Price Mrs Jean Proud Dr Cameron Pyke Mr D Radley Mr Peter Ramsden Mrs Beryl Ratcliffe Angus & Jenny Reynolds Mr Paul Reynolds David & Elly Roberts Elizabeth & Hugh Roberts Mrs A Rose Mrs Susan Rowlands Professor Michael G Rusbridge Martin & Gail Sanderson John & Jackie Say Mrs Jan Schofield Mr James A Scott Mr Simon Shelbourn Mr C & Mrs T Shepherd Mr Michael J Shiels 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 Jeffrey & Judith Wainwright Mr Brian Walker Mr R B Walsh F T Walters Mrs Anne Ward Mr & Mrs J M Watson Mrs Lynn Wharton J Christopher Whitehead Mr A Whittaker Gladys Williams & in memory of Dennis Dodge Mr Thomas Williams Barry Wood Hilary & the late Noel Woodhead

Mrs Ann Woolliscroft Dr J M Worth D & M Wright David & Veronica Yates 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 Meinir McDonald In memory of Patsy Pringle In memory of Dr Barbara Smith In memory of Arthur Stanley Thompson In memory of John Wallace Tonge

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SUPPORTERS AT AUGUST 2023

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 The National Lottery Heritage Fund Paul Hamlyn Foundation The Victoria Wood Foundation The Wolfson Foundation The Zochonis Charitable Trust

29th May 1961 Charity The Band Trust The BeaverbrookS Charitable Trust The Boris Karloff Foundation Boshier Hinton Foundation Church Burgesses Educational Foundation D’Oyly Carte Charitable Trust Duchy of Lancaster Benevolent Fund DWF Foundation Garrick Charitable Trust The Gisela Graham Foundation The Grand Trust CIO The Greater Manchester High Sheriff’s Police Trust The Harding Trust The Ironmongers’ Company John Horniman’s Children’s Trust John Thaw Foundation The Irving Memorial Trust Land and Co Foundation The Lee and Barkirgian Family Trust McLay Dementia Trust N. Smith Charitable Settlement The Nugee Foundation Peter Cunningham Memorial Fund Cecil Pilkington Charitable Trust Pilkington General Charity Q Charitable Trust The Radcliffe Trust Rainbow Dickinson Trust The R K Charitable Trust RUSI (The Royal United Services Institute) Sir George Martin Trust Sale Mayoral Fund The Sobell Foundation The Thistle Trust Thriplow Charitable Trust

HOLDERS OF THE HALLÉ SILVER MEDAL FOR PHILANTHROPY John & Margaret Allen Stewart Grimshaw Michael and Jean Oglesby Terry and Penny Moore Arthur Reynolds Jurgen Maier

2058 FOUNDATION PRINCIPAL BENEFACTORS Manchester Airport Mr Martin McMillan and Mrs Pat McMillan The Oglesby Charitable Trust Fred Nash and Carole Nash 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

The Hallé would like to offer special thanks to the Weston Culture Fund and the Wolfson Foundation’s COVID Support Fund, without which the delivery of this season would not have been possible.

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MEMBERS OF THE HALLÉ CONCERTS SOCIETY AT AUGUST 2023

Dr John Ackroyd Mr Paul Adkins Miss M. Adshead Mr R. Aitchison Dr P J Alvey Mr Mohammed Amin Mrs Gerlinde Anten Mrs Dorothy Aplin Mrs Janet Aslan Mr M. Baggott Ms Elaine Bagley Mr & Mrs B Bailey Dr Peter Barberis Dr Roger Neil Barton Dr A. Basey Lorna Beacock Dr Robert Beale Mr Patrick Beesley Mr R. Behrend Mrs Alison Bell Mr Gordon W Bell Mr Martyn Bennett Mr Neil Bennett Mr I. Berridge Professor Anthony Berry Mr Duncan Berry Mr John Biggins Mr A. Birch Mrs Ann Birch Mr D. Bird Mr Michael Birkett Mr & Mrs L. Black Mrs Helen Blackburn Mrs S. Blake Miss J Blanksby Mrs S P Boffey-Longworth Mr Clive Bond Mr Martin Bond Mr A. Booth Mrs Nora Booth Mr John Bowden Mr David Bradley Mrs Margaret Bradshaw Mr David Brailsford Mr Mark Brailsford Mr J. Bramman Mrs P. Brannon Miss M Bridge Ms Elisabeth Bridgford Dr Patricia F Brien Dr Barbara Broadbent Mr Edwin Brockbank Dr Christopher Brookes Mr Philip Broughton Mrs Gwyneth Brown Mr Martin Brown

Miss S. Brown Mrs Maxine Buchanan Mr David Burgess Miss Tracy Burns Mrs J. Burslem Mr Peter Cameron-Brown Mrs G. Campbell Mr T. Carr Ms Annabel Carter Mr Jon Cartmel Mrs Pamela A Cate Miss Christine Catherall Miss Enid Catterall Mr J. Chadwick

Dr Austin Chambers Mrs Margaret Chatfield Mr M. Childs Dr G. Christie Mrs F. Christou Mr Stuart Clark Mrs Janet Clark Dr Joan Clarke Mr M. Clayton Mrs Kathleen Cleary Mr Lawrence Cody Mr E. Coldrick Miss P. Coley Mr Alex Connock Mrs A. Connolly Mrs Pauline Coombs Mr Jim Cowell Mr William Cowley Mr Richard Cowley Mr Martin Cox Ms Pamela Craig Mrs Margaret Croker Mr Philip Crookall Ms Sarah Crouch Mrs N. Crowe Dr C. Cundy Mr M. Cunningham Mrs Pamela Cunningham Dr Ian Curbishley Customer_prefix_full Customer_ fname Customer_lname Mrs Margaret Dale Mr D. Dale Mr N. Daniels Mrs Kathleen Davies Mr G. Davies Miss E. Davis Mrs Sarah Davnall Mr Peter Dawson Mr Alan Dean Mr D. Dearden Mr D. Delahunty Mr Peter Dent Mr B Desousa Prof Peter Dicken Rev H Dickinson Mr John Dickinson Mrs Lynda Dobbie Mr A. Dorney Mr Darren Drabble Mr S. Dugdale Mr James Dunn Dr Paul Durham Mr R. Earnshaw Mr John East Mr Barry Eastwood Dr George Eccleston Mrs Valerie Edminson Dr D. Edwards Mr John Edwards Dr Francisco Eissa Barroso Dr Rosemary Ellerby Mrs Beryl Emery Mr David Emery Janet Emsley Mr J. Evans Mrs Janet Evans Jane Fairclough Professor Patrick Farrell Mr David Farrow

Mr J H Fisher Mr Norman Fitt Mr B Fitton Mrs Evelyn Flett Miss Beryl Footman Miss Margaret Forster Mrs Monica Foster Rev K Foulkes Mrs Eileen Fox Mr John Fox Mr Alistair Fox Mrs A Rita Fox Mrs C. Frieze Mr J. Froggatt Mrs Barbara Fryers Dr Anne Fuller Professor John Garside Dr Timothy Gartside Mrs Elaine Gavin Ms Karen Gedd Mr J. Geddes Dr Geoffrey Gee Mr Adrian Gerrard Miss Daphne Gifford Mrs Kathleen Gildon Dr D. Gillibrand Venerable R. Gillings Mrs Sylvia Gilmore Mrs S. Gledhill Miss G M Glover Mr I. Glover Mr Martin Glynn Mr I. Godwin Mrs Barbara Goodall Mr Keith Gorton Mrs Rhoda Gouldsbrough Mr Christopher John Grafham Mrs Evelyn Grafham Mrs Margaret Gray Mrs V Graystock Mrs Linda Green Mr Ronald Green Mrs Audrey Green Mr Neil Greening Mr Michael Greenwood Mr J. Haddow Mr David Haines Dr I. Hall Mr David Hall Mr Gordon Hall Mr M Hall Mrs Valerie L Hallam Mrs Y. Hallworth Mrs Clare Hambleton Mr C. Hampson Mr P. Hampson Mrs Jane Hampson Mr Colin Hankey Roger Hardcastle Mr E. Hardman Ruth Harkin Mrs Helen Harrington Richard Harrington The Venerable R. Harris Mr David Harrison Mr Graham Hart Mrs Ann Hart Mr Callum Harvey Dr Joan Hassall Ms Val Hawkin

Mr David Haworth Mr Russell Haydon Mr Richard Hayes Mr Peter Heath Mr Peter Hesham Mr Peter Hewer Mrs Audrey Hewer Mr Roger Lance Heywood Mrs Barbara Heywood Mrs P Hickey Mrs Jennifer Hindshaw Mr D. Hines Mr Nicholas Hodgson Mrs Moya Hollinrake Mr N. Holt Mrs E. Holt Mr Michael Hosker Mrs Valerie Hotter Mr James Howell Dr W. Hoyle Mr J. Hoyle Mr Geoffrey Hubbard Mrs J. Hudson Dr Martin Hudson Mr John Hughes Mrs C. Hughes Mr David Hughes Mrs Glynys Hunter Mrs A. Hurrell Mrs Kathleen Hurst Miss Judith A Hutton Mr John Hytner Mrs Helen Ireland Mrs Sylvia Isted Miss Carol Jackson Professor Malcolm Jayson Mrs Freda Jenkins Mr Steven Jennings Mrs H. Johnson Dr Richard Johnson Mr Derek Jones Mr P. Jones Mr Trevor Jones Mrs Shirley Jones Dr David Llewellyn Jones Mrs A. Jones Mr G Jones Mr Trefor Jones Mr Kenneth Kay Mr David Kay Mr Martin Kay Mrs J. Kaye Mr Stuart Kempster Mrs Angela Kendrick Mr W. Kerr Mr J. King Harry Kippax Dr H J Klass Mr R. Kletz Mrs Diana Kloss Mr Geoffrey Knights Mr John Knox Mrs Audrey Lamb Dr Deborah Larah Miss Ethel Layer Mr Michael Leach Mr Charles Ledigo Mrs Jane Lee Mr Richard Leigh Mrs Helen Lennie

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MEMBERS OF THE HALLÉ CONCERTS SOCIETY AT AUGUST 2023

Mr David Lewis Mrs W Leyden Ms M. Linton Mr G. Lipschitz Mrs M. Lloyd Miss C. Lloyd Mr M A Lloyd Dr Denise Lomas Mrs Joyce M Lord Miss Stella Lowe Mrs Olive Lumb Mr I. MacKay Professor Sir Netar Mallick Mrs P. Mann Mr D. Mardon Mrs B. Marples Michael Marsh Mr J. Marshall Shaw Mr M. Masters Mr A. McAllister Mr Martin McDonald Mr Peter McIlwham Mr Robert McIntyre Mr David McKeith Mrs Rosemary McKie Mr Martin McMillan Ms Jennifer McNamee Mrs Shirley Meadowcroft Mr R. Merry Mrs June Messenger Mr Richard Middlehurst Mr S. Miley Mrs M. Mitchell Mrs Kate Mollo Mr Rodney Mollo Dr Brian Molyneaux Dr Andrew Moore Mrs Penny Moore Mrs Jean Moorhouse Mr Philip Morey Mr S. Morley Mr J B Morrell Ms Kathleen Morris Mr George M Morton Miss J. Motler Mrs J Winterson Mrs Christine Muller Mrs E. Mulliner Mr P. Murphy Dr Nayyar Naqvi Ms Mary Naughton Mr Michael Neale Mr Jeremy Nolan Mr W. Norbury Miss F. Nutt Mr David Odling Mrs Margaret Odling Mrs Jean Oglesby Mr D. Oglivy Professor John Olbrich Professor Pedro Oliveira Mr Martin Olley Mr A. Openshaw Miss Christine Owen Mr Geoffrey Owen Mr John Owens Miss Barbara Pape Dr Roger Parr Mr L W S Parry-Williams Mr D. Parsons

Professor David Parsons Mrs A. Peach Alan Pearce Mr Robert Pearson Mr Roger Pearson Mrs Annette Percy Mr D. Pettifor Mr Neville Phillips Mr John Phillips Mr Steve Pickett Miss Gwen Pickford Mr & Mrs D. Pioli Mrs M. Pritchard Mr Frederick Purslow Mr Edward Pysden Miss Moira Rabbitt Mrs Sylvia Radcliffe Mr P. Radnan Mr Brian Rains Dr B S H Rarity Dr Graham Read Dr G. Rees Mr Michael Rhatigan Dr Jennifer Rich Mrs Mavis Richardson Canon Cyril Roberts Mr Victor Roberts Mr Terence Gordon Roberts Mr Stuart Robinson Mr Leslie Robinson Mrs J. Roper Mrs A. Christine Rose Mrs G. Ross Mr Roger Rostron Mrs E Rowland Ms Bernadette Rudman Ms Katharine Russell Miss M. Ruxton Mr Andy Ryans Miss E. Ryner Mrs Jennifer Sandland Mrs Karen Sandler Mr Christopher Sargent Mrs Margaret J Scott Mr Derek Seex Ms Pam Senior Ms Philippa Sharp Mr David Shearing Mr David Shepherd Mr Michael Shipley Dr David Shreeve Mr Christopher Simon Mr Andrew Simon Mr Bryan Simons Mr Antony Slater Mr Clive Smart Mr F. Smith Sir Warren Smith Mr D. Smith Mr Charles Smith Miss Pauline Smith Mr Bob Spencer Mrs Judy Spencer Mrs Susan Stamford Dr Robert Stansfield-Cudworth Mrs C. Stead Mr B. Stickings Mrs Sandra Stone Miss Margaret Stordy Mr P. Stott

Dr & Mrs Ian Stout Mr F Summerfield Mr D. Swindell Mr J. Syner Mr Shefali Talukdar Henry Mr David Tatlock Mrs J. Taylor Mr M. Taylor Mrs M Taylor Miss W. Taylor Mr Ian Taylor Mr D. Taylor Mr Ian Taylor Mrs J. Taylor Mr Mike Taylor Dr C. Terrell-Nield Mr C. Thickett Mrs P Thompson Ms Patricia Thornhill Mr John Philip Thornley Mr Terence Thornton Mr G. Thornton Mrs Jacqueline Thorp Mr John Throup Mr D. Tickle Mrs Margaret Toft Mrs Elizabeth Tonge Sir Simon Towneley Mrs Susan Tully Mr John Turner Mr John Turner Mr T I Uprichard Mr Andrew Vaughan Mrs G. Von Arx Mrs Carol Anne Wafer Mr Donald Wagstaff Mr Ian Wallace Mr John Walsh Mr D. Walton Mr J. Watson Mr D. Watson Mr Stewart Watson Merryl Webster Mrs Elaine West Mr Martin West Mrs Wendy Westoby Mrs Sybil Westwood Charlotte Westwood Mr John Whibley Mr J. White J Christopher Whitehead Mrs Rosemary Whitesman Richard D Whitley Mr G Whittle Ms Josephine Wiggans Mr John Wildman Mrs Alison Wilkinson Mr Roger Williams Mr Thomas Williams Mrs Margaret Williams Miss W P Williamson Mr R. Willis Mr T Windsor Mr Colin Winter Mr P Wolstencroft Mr A. Woods Miss Anna Woolley Mrs Ann Woolliscroft Mr Jeffrey Worden Mr Peter Worrell

Miss Myra Worsley Dr J. Worth Mr Norton Wragg Professor David Yates Dr David Yorke Dr R. Yule

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PLAYERS AT AUGUST 2023

FIRST VIOLINS Roberto Ruisi Leader Sarah Ewins Associate Leader Tiberiu Buta Zoe Colman Steven Proctor Helen Bridges Nicola Clark Victor Hayes John Gralak Michelle Marsh Eva Petrarca Katie Jackson

SECOND VIOLINS Philippa Heys Paulette Bayley Rosemary Attree Caroline Abbott Grania Royce Christine Davey Elizabeth Bosworth John Purton Diego Gabete Yu-Mien Sun

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

CELLOS Nicholas Trygstad Simon Turner Dale Culliford David Petri Jane Hallett Clare Rowe Paul Grennan Jonathan Pether

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

FLUTES Amy Yule Sarah Bennett

PICCOLO Joanne Boddington

OBOES Stephane Rancourt Virginia Shaw

COR ANGLAIS Tom Davey

CLARINETS Sergio Castello Lopez Rosa Campos-Fernandez

BASS CLARINET James Muirhead

BASSOONS Elena Comelli

CONTRABASSOON Simon Davies

HORNS Laurence Rogers Matthew Head Julian Plummer Richard Bourn Andrew Maher

TRUMPETS Gareth Small Kenneth Brown Tom Osborne

TENOR TROMBONES Katy Jones Rosalyn Davies

BASS TROMBONE Kyle MacCorquodale

TUBA Ewan Easton

TIMPANI John Abendstern

PERCUSSION David Hext Riccardo Lorenzo Parmigiani Erika Öhman

HARP Marie Leenhardt

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ORCHESTRAL CHAIR ENDOWMENTS AT AUGUST 2023

MUSIC DIRECTOR,

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

CHIEF EXECUTIVE DAVID BUTCHER Hamish and Sophie Forsyth

LEADER ROBERTO RUISI Penny Moore

GUEST LEADER 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

POSITION VACANT Jennifer MacPherson

POSITION VACANT Mrs Vivienne Blackburn for Michael

HELEN BRIDGES Professor Chris Klingenberg

POSITION VACANT In loving memory of Kaye Tazaki, from his family and the Hallé KATIE JACKSON Philip & Helen Wiles

SECOND VIOLINS MARIE SCHREER Patrick & Tricia McDermott PAULETTE BAYLEY Karen Farquhar

ROSEMARY ATTREE In memory of the late Marie and Jack Levy

CAROLINE ABBOTT Peter and Mary Jones DIEGO GABETE In memory of Sidney & Toni Powell JOHN PURTON In loving memory of Michael Hall

VIOLAS

TIMOTHY POOLEY Dr Susan M Brown MARTIN SCHÄFER David and Beryl Emery PIERO GASPARINI Mrs Jane Fairclough CHRIS EMERSON Bolton Opus Group GEMMA DUNNE In memory of Diz Shirley and happy days at Chipping Camden

CELLOS

NICHOLAS TRYGSTAD Sandra Stone and in memory of Martin 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

WILLIAM COLE Edmundson Electrical Ltd YI XIN HAN In memory of Stella and Harold Millington NATASHA ARMSTRONG John and Pat Garside RACHEL MEERLOO In loving memory of Hilmary Quarmby, a lifelong lover of music and friend of the Hallé

FLUTES

AMY YULE Mr Peter Heath SARAH BENNETT Bob Spencer

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 PRINCIPAL In memory of Miss Amy Alexandra Morris ELENA COMELLI Anonymous

HORNS

In memory of Arthur Bevan and Enid Roper

LAURENCE ROGERS In memory of C K Andrews RICHARD BOURN Shared Trust 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 ;

HALLÉ YOUTH ORCHESTRA BASSOONS Mr C R and Mrs E Anslow PERCUSSION Karen Brown CELLOS The Holland-Frickes Mr John Summers WOODWIND AND CELLOS In memory of Peter & Helen Pearce Anonymous

HALLÉ YOUTH CHOIR SOPRANOS AND ALTOS Mr and Mrs Smith

HALLÉ CHOIR Jane Hampson ALTOS Chris Hughes

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

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Tracey Adlem Amelia Gray Kate Milner Elizabeth Alberti Chris Green Rebecca Montgomery Peter Aldred Judith Greenwood Myome Mortimer-Davies Katie Allen Tiffany Griffiths Gay Morton Lizzy Allerton Darcey Durham Grigg Helena Morwood Vin Allerton Rachel Grimshaw Elizabeth Murray Madison Ash Tom Guest Andrea Murray Christopher Ashfield Tim Hammond Judith Newton Dawn Ashworth Claire Harbourne Max Noble Laurie Bailey Sarah Harding Laura O’Neill Charlotte Ballard Emelie Harding Susan Oates Jonathan Barber Jackie Harmer Alexander Oldroyd Kitty Barraclough Jen Hewitt Barbara Oxley Barbara Barratt Owen Hewson Meg Parnell Ellie Baxter Eleanor Hobbs Angela Partington Alice Beckwith Carys Holden Judy Paskell Natalie Bennett Sara Holroyd Andrew Paterson Steve Best Chris Holroyd Stuart Perkins Paul Beswick Rachel Hopper Abi Perry Georgina Booth Christopher Hopper Jo Pink Paul Brennan Steve Hopwood John Piper Ruth Broadfield Lynne Hughes Alison Playfoot Maryna Brochwicz- Lewinski Chris Hughes Eugene Pozniak Joanna Brown Martha Hulme Tessa Quayle Rachel Brown Eleanor Jackson Maureen Rammell Sarah Bunting Ella Jackson Lorna Reader David Burgess Glesni Jones Lorna Reader Grace Card Ruth Jones Libby Reeve Lydia Carr Rhiannon Jones Sax Rendell Katy Cavanagh William Jowett Marion Ridd Beth Chittenden Graham Keen Cathy Riddington Rowena Cockerham Mairead Kelly Eirwen Roberts Elizabeth Conway Rob Kerr Laura Roberts Jim Cowell Paul Kilbey Annie Rogers Merel-Magali Cox Clare Knight Graham Rogers Claire Croft Saul Knights Karine Sá Brasil Georgina Crosswell Amoah Koranteng-Addo Colin Scales Ildiko Csige Humphrey Kwaah Elizabeth Scott Daphne Dawson Andrew Kyle Imogen Scoular Ian Dayes Jocelyn Lavin Katherine Seddon Philip Dobson Eileen Lee Jo Sharples Jonny Downing Emily Ley Kathryn Smethurst Molly Dyer Lokyin Liu John Smith Helen Earey Virginia Lloyd Helen Smithurst Linda Edmondson Alison Lloyd Williams Nigel Spooner John Elliott Katharine Longworth Jamie Steele Elaine Evans Liz Lord Charlotte Stevenson Catherine Evans Keir Lundy Emily Stewart David Evans Andrew Lunn Sue Stirzaker Gill Faragher Andrew Lunn Dorothy Stoddard Morgan Fenton Hector Macandrew Nigel Stones Stuart Fielding Neil Mackenzie Anna Strowe Charlotte FitzGerald Clare MacKinnon Sara Szabo Yvonne Flood Alexandra Maliphant Ruth Taylor Tony Flynn Sammy Matthewson Sarah Taylor Tamandra Ford Bethany May Michael Taylor Kate Fuggle Hugh McKenna Kirsty Thorpe Claire Garety-Govind Sue McKinlay Hannah Thorpe Gillian Gibson Daniel Metcalfe Elizabeth Threlfall Rachel Glascott David Metcalfe Cliff Tinker Oliver Gorton Isabelle Milner Rob Tolefree

Jean Tracy Damson Tregaskis Wendy Walker Rowena Ward John Ward Merryl Webster Rebecca White Maeve Whittaker Sarah Wilkes Roger Williams Jill Wills Nicola Wilson Thomas Winstanley Elinor Wolstenholme Ian Wood Rebecca Woolley Graham Worth Mabel Wright Hannah Wylie

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 2023

MUSIC DIRECTOR

Sir Mark Elder Stephen Bell ASSISTANT CONDUCTOR Euan Shields

ASSOCIATE CONDUCTOR, POPS

CHORAL DIRECTOR Matthew Hamilton

YOUTH CHOIRS DIRECTOR Stuart Overington

CHILDREN’S CHOIR DIRECTOR Shirley Court

COMPOSER EMERITUS Colin Matthews

ARTIST IN RESIDENCE Dobrinka Tabakova

CHIEF EXECUTIVE’S OFFICE

David Butcher * Linzi Watts

FINANCE Ruth Harkin * Matthew Wyatt Curtis Dixon Samuel Wolde-Gabriel

VENUES Martin Glynn * Tyrone Holt Edward Cittanova Karon Knapman

ARTISTIC PLANNING Louise Hamilton * Andrea Stafford Sue Voysey †

CONCERTS DEPARTMENT Jenny Nicholls * Lucy Turner Hannah McGuire ORCHESTRA MANAGEMENT Chris Lewis Rosie Sutton LIBRARY Louise Brimicombe Adam Webster STAGE MANAGEMENT Dan Gobey Lawrie Bebb

HALLÉ CONNECT

Naomi Benn * †

EDUCATION Holly Randhawa Jodie Buckland

ENSEMBLES

Alex Munro Minnie Elliott

SPONSORSHIP AND FUNDRAISING

Kath Russell * Eleanor Roberts † Susanna Caudwell Caragh Rooney Louise Harvey

COMMUNICATIONS

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

DIGITAL

Bill Lam * Riley Bramley-Dymond Alex Burns Tom Stephens

ARCHIVE

Eleanor Roberts † Heather Roberts Charlie Booth Harriet Hall † Stuart Robinson †

† 20 years service

GENERAL ENQUIRIES info@halle.co.uk

www.halle.co.uk

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