REGISFERED COMPAf4Y NIIMBEIL- (3?1316 (EttEknDd and W8les) REGISTERED CHARITY NUMBER: 250921 REPO T OF THE TRUSTEES AP4D UDITED FIP4ANCIAL sfATEM R THE YEAR ENDED 31 MARCH 2024 PHILH RMONIC SIKIETY LTD Ch*Éot Hwse Limited Brightsm Fast Su&sLx
VE PHILHARm NIC SoCILL BR1GTrITO.NAm .. . oNTEILHE FIY¢lYCI.4L STATEMEPffS FOR THE I'EAR EYDED31 MAR H 2024 Chairmall's Rep)rt Report of th¢ Trnstees 3 10 12 Indtpendtnt Eiaminer's Report 13 StaterneDt of finantiAI AetivitKs 14 BAlY4ne¢ Shttt 15 to 16 C¥h Flow Statemettt 17 Nott5 to the C&sh Flow Ststement Notes to the fiN#tt¢tsl Stattmtllts 19 10 26
BRIGHTON & H VE PHILHAIi MAN'S REPORT FOR THL YEAR EI¥4DED ARCH 21124 This ycar made a cow10t (kCEOn gear up for our r£nt¢nar)' in our 99th 8e&wn. This has tYtKJuced a 'onderfull)' divetse and ambitious for Brighiffl. B). far ow tDoA ambitio prOme for many ye¥ included corK•ts thai r(Thsed a rang¢of¢(ttS wagner It is otsr third s¢asm with music dire(J(r Joanna M&Gre8or at heltll we C{Miill SJWfiE1lY devcloping the visibility and repwion of the orcheth Not Imlv has the orcestrn er1#¢d frn J03mia's 1C[ShIp blli alw from her brilliani musicianship. This h&s séyn her ccntsc stage in m). of ow LlThtts featuring &s a soloist perfonning Ger5hwin's Piano Conc¢rto iTr F. Arvo VJJt's Laern atml Spiegel in Spiegel alongside Ifaikr Ruth Roger4 works by Sakamo¢o. and her a]bum tkrp Rivcr with ANJY Alon11 thi& sh¢ nthkd concests &8 diverse&s Sid¢walk DarKe58t Mighty Rtvcr. Ce1thing WomoL (kn progrdmme &)niinue5 kn grow the qlity of the che.5 ptrr0nnaT This is in PHrt a resuli of often doubling hear5aJ time before e¥h rwl¢ing in excq1 trf¢xm#[Zs ofthc most cTrdlenging work. We opened to a very encowing and enthusaasti¢ aj1e for OLtr first cotKTn featUTing the music of Bern5teii CJ¢r5hwin. Ivts aThl Adatns. (r Lovemusit £12 tickcts a fant&4iC of k-up aLvJie]tr with the feel gtyjd factorof Bunin'5 Symph(xJic DwKYs from West Side sÉ#ti] tht. vne for the rest of the Our next concert focused on the music of j([5 arrangments of cult Mfy)ndo¥5 danc¢5 that bring u5 a unique s(MJnd of swing and concert dmv an audiLmce of l(Kh) and feawjul awlwmed ja72 soloists including one of the UK'5 besL-knoMm pl8ya& s&xotAJonia ATrJ) sly tkspite being tKrhaps a fringe figure in the bla&siul ii'odd, th¢ event brought in a ]arge mv allence f¢A the orchtstrn well as delighting existing audienc with M(M)ndog'senthrl¥n8 mw. Our Winter 8015¢ire concert suc¢essfv]Iv unid all audiLiJces Fffinging gethLy the wmp05tr Arvo part atmi blending th¢ mort familiar thrwgh Silrlius, se£otx5 symphon).. This drem. the iargcst alldience of the se&4)n outside or the New Yfarf5 Eve Gai& In tkcemtrr we cimtinued new tswJilioTh of rrfiwming a semi-st8ged version of 8 ChTiStma8 Carol with the brdss of BPO. Unfortunately, covid Stk sl31 fraturoj guest aor Pip Torrvttk Thamkmly Paul Ryajj stepFKd in at the last minuk al with gr sucw. We a]sA) Dir¢L%or Richa Williams fur his tscelleni sBin Continu>J stXSOtJ highlights includ1 a sy)I&oLrt New Yeats Eve vienTse Viith Wdno Lllie Laugharne. We did o day5 of rehLw5 1th n1> IIXI pla)'eTS 0age for the epi¢ & VIiKg¢r adaptstion of Wwetr5 Rin& We wer¢ extremel} excited io eXperier tA)m@s b1]fiLlI}. r¢fvEbishtuI Corn LxLhange for The Soldierfs Tale again direckd wonderfully bv IknLhard Williams a¢bJ featuring knlliant Aliwir &s tkvil. Iniernationaj Women'5 Day w&8 celelK¥t¢d by I48ndIng contat f¢thriThg music by ciKnrM)scts and FA)Ioi Ayanna Wiuer-JdM]5t(xJ. Ourse&on fiT brwght an iTL¥Jiiing pTogrthnmeol BriltWL TveilL Sak8moto gryj Debu55y. Thi8 wonderful Seawo ha5 rcajly gtvcn mifKktKe to Ixlllinue w thive the [0mIng atkl ow &y)irati( forward forthe ¢thtetws' St0 In i¢m)s of orchethi pu%)nncl, w¢ have enjo)'Ixl our plajers and pr]naS risrng ts) the chajlcnge of the progrdtnme. A ial Tnention sld go Leader Ruth Roga5 and CfrtgJtt Kickv S%ire4Je5' for tlT brilliant pla) ing. Like%ls¢ mw¢¢Ting the rA)wer of a Wagmian horn 5ecti(m is M all undenakillg John James Alexei WkIn5 should be singlLYl out for thiss Our team h&s (x)ntinued ts) work e¥tremely hard behind the Sce5 to ¢XLwfL the of the orche5tr& (hjr gentt manager Guy Morley (xmiinuts to work three thv5 a Hi.% role is ll&n]Ments to prt Joatw's proEfdmme and continue thc great marketing thHt th¢ 4Yches¢¥a ¢njo%k He Is now joined by Gill thii¢s as (Yal10% Ma[er. trlanc¢ l.'iXLr Torn wrait aThJ K&e Fargl*r wntinues ty Frovi¢k cx(xll¢nt fllwKial L1 ensuring the ongoing sthbility of the manwu)i tearn Page I
BRI.GHTQt¥ * HOVE PHILHA
C.HAIILMAN'S REPORT
FOR THE ¥EAR ENDED31 MAR
In Itrn15 Ot. fllndraistng. Me haye Lxtremel! l(we to )ntin to recctve ge[8 lesle& le¢le9
¢nablc us lo enter CaLh ncli" Sca ¥th the oinfjdenie ofcash flow and the abili¢v all. Joanna ambitious in
herprogratnTning. building new" audienc£s aJMI 1111}. forthe orche5Wd into lis se¢Ld LLYJtup.
Speaknng of cenienaN. we are delighted to ha¢ Fwlli
BRIGHTON VE ERED N . IWM71316 REPORT THF TRUSTEES FOR THE YEAR ENDED31 MARCH 2024 The Énjsttrs wlw) aTe a]so diraloT5 of the charity for th¢ twknes of tlx c(pteS Act 21W pr¢s¢nt their rerrf)rt with the financia] swements of the charity the vear emkyj 31 Yarth 2024. 1 he tnw have adopted the proi'tsions of ALL4)uniing and Rertill8 by of Re¢omrnctMkd P1 at4)li¢able to charities preparing their accounis in aecothLf 7th tlK Itnanciai Rerthin8 Standard amlicable in and Republic of Ireland IFRS 102) leff¢rtiN"e l Januar). 20191. OBJECTIVES Af4D ACTIVITIES Objettlvtt and im$ Our Mission SLqILllllLmL adood tn 2018. states PUryMW£5 ar¥J lIVI[leS of the clwity 8Je enrich the livts of people in Brighton & Hove. aThl bevond. iy ¢klivering Vdri&i iEJtM)vativ4 engaging and concert pro8r&))me4 tErtorn)ed at ihe very highest le¥el b%. the professional musia$ of the Brighton PhIlhmOnic (hchestr Th¢ sIety was ¢ablished to and the k]kn¥ledge and apprecia¢iM of music and gentrally to 8th'a[e the £wse of MlC. li aÈms to brIg pleasure to the I1 ci)tnJnunity' through providing high quality. varied Cl] tllU5ic rKogrdmm< wtsftssioThaily wformLyi 81 pric * th¢ within Society's aV[able resoutv* to include a of concerts and r11815 of arti&i¢ valu¢ for the £niMlL a1 ejucation ofthe I(7 atKJ wider Lommuttit).. Page 3
BRIGHTOIY & HOVE PHILHAR REGiSfERED.NUlBER: (M)371316 REPORTOFTHETRULTEE FOR THE I'EAR EFiD£D 31 MARCH 1024 OwEIVEs AWD AcfiviTIES Significant atttviti¢5 As ouilincil in ovr Mi¥sion %tsi¢cm¢nt Imentiontd prnIolI l. ow i ision is lo k recogni5ed and valued a key part of th¥ rich ¢ul¢uial Tnix in Brighton and Hoic. wri¢hing the liicsofpwple ill the cit) and bejond. Ow arti#i¢ fvalues aTE'. lthtlu$ivity.. We to dcmiwstratc th music is iruli inclusi1¢ with 8n is divu5¢ arwj Tele%'ant for all. while retaining respect Ourmusic heriiage. and nurturing our Friend&" Extellenoe.. We 5tTiVt 10 provide music of outsthThling quajiii, excitcs t'er hears . bringing every n¢xe io lilc.. ith Ihc Brighion Philham)onic Orch£ra the of li"¢ do but Jnlwing thamkn music. recital& and othcr mu5iral gerKe SustsinAbilitv: We are comrnitiLNJ ts) securing the ire of the S(K'tetJ and the orth¢stra bv adopting s(AJnd land environM¢ntsll)' trieryJl)"l otKrning and em118 ChnolO&' io build ow digits] profjk and exiend our rcach: CoMaborntloD: We will work with l(uE. twi81 a1 a)[nmlIie& cultures aE arts or8ani5atiolls to inspir& delighi and grow alldieres in BrighioTh & Hovr. EdutatKpn: We ek to nunur¢ mlca1 groth. and gfflerall!" tsi l'ar¢ the cw5e of mu5io bv in5PtriDg our audithc and the ¥nu5iciaHs of the fututt. and b). rrn¢Aitig assiAiThg the llud).. ptLE. knowledge 8md appr¢ciBtiQD of musiL. TIK irugees norni8]lJ anend perfonnarKe& arml Tehe¥vsaEk Brighion lkne in Order to med th¢ musiciarLS and audience. to share our artistic iv¢S and io h. ansi.er or th their%'iL'i% Concerts: Our prugramme ot'aLti¥ities is norn1 mwh on knlding CUK%rts in Brighton and 14ova thereby bringing th¢ aTLs to th¥ loc and i%"idercommunip". We %%'LYe fortunate to able to plt six concerts w the Brighton tkne. A fijrther naTrnted c(>nc¢rt held Si Luke s Churnh in Brighion. J(Tranna mregor and (wjr princi] string pla>5 rtrforncd in chamber eoncerrs ai ihe GulbLmkian Arts C.eDtre. Ci)niLYburw aTrJ Ihc Allentx)rwgh Centre fi)r the Creatii"e Arts the Llnii'ersiii. of susse 'The concert at the AttentKvough Ccntre M"&% presented ID &54Ki&ion w'ith Sthngs Aitache(t A third chatnber wtK¢rt lIh our ensemble. Brighton FesliYa] CtrM)nLS and Brighton F&i%'al Ythjih Choir rforM All nts LhurLh. Flo%e. Publlo benefit In shapin£ our objeclives the %"ear atxl planning our 1711¢& the trtee5 have considerLd the Charit¥. ComTnIon'S gllidance public bcnefiL The Society c(>niinuL% to arrange an annual progrmMe orc(HjL*r held in Iwal and xetssime a]1 TDcmbers uf the publiL. In setting Iht lthel of iiikei prices arKI ¢¢)esSiOn tk Irustces gai"e c8r¢ful eonsidcration to the uLces5ibiliiJ for thos¢ on lffii inLll)me& ConCs1Onar. CeS are mwjc a%"•lahl& a particular emphasis on uraging i'oung¢rwle io allLiJd ¢11(al fOTt¢•ty Volunteers lJp io tw'elk'e volunteers (most of iithom are memkys of the &Kict%"l assia iiith lari1)% offitt-related h%k& distribute publicit) tnal¢ria15 and programmc& al a¢ard 'c[S and TKrfomiw¢e& enabling lOtr #aly costs than w)u]d othcNi5e be the ths¢ Page4
BRtG OVEP LHA ONIC IE LTD Gl BER: 71316 REPORT OF THE TR 'STEES OR THE YEAR ENDED31 H 2024 ACHIEVEMEprf AND PERFORMANCE Charitable activities The Soctcty taken tk decision invest in an ambitious and high qlIty. Lry)rxert pn)grdmme to build audien(M and Tepuraiton. The S(Kidy is 8lw prqiarin8 for its Cthiojary Scawn in 2024ll5. which trlebrn5 ye5 since the first oncert was held by the 8vmplMmi¢ StrirE Play¢rf in H(TrveTown Hall on 18 Ma%. 1925. In ylXT5 the &]¢ty h&5 receiFd 0[blIa1 Iwi¢& It rM)x5ible Sup[ U81 CCert Costs from le1<% receiv<1 exh yw. tIK &Kid)' iScc¢m to hle¥C a SLL4wnable trni financi tKbsition. ConciYt5 conlinlle 10 be bjttt kn eost pre&q]r& prticular]y for me ambitio8 larg xale works which rqui] longer hearsal time and suitable rehear venues (gera]IV in IA)rMkn). Tr of the office tearn refie¢ts the l¢veS and LomploNity of thlnistratiie rquired forc0[ts and ev• Inwtne from corkert ticket Sal in 2023ll4 has prevIS ye4T& tsjl for cMcerts fell Sh of expectations. The seek5 w athith'e a i)aiaEKe in is pwme in apr io StIng aTrJ new audience The holding of ¢o¢erts in th¢ evenings alld on different days of we¢k (rather traditionally Sunday aftUn5l is part oifinding m Omimum to &tsact audieff The 21Y23124 was the Std SÉX during which a r(Mnplae prtvdmme ]d folloiving the pandanic. Audiences havc welmmed the urn of live Errfornjdr but there is g)me th'ilknce th the nLllnber5 attending Iti'e 'ents h rthced from rffe-rth¥k7nÈc levels nem. pattenLS of hUral and leisure wAivitJ have b0m¢ esb]IShed. The 2023124 fjnaticiai year includ&8the find o)TKCrt ofthe5t&w Sea SongK which w&$ held 7 April 2024. Th¢ programmes for 2024r25 uent years will C4MJi1n to evolw fft s¢¢ktn8 lo incre¢ audience number ThL' Ès 50 refinrng its marketing arwj &h'enising strdiegy to tter di]wt its limited rL%ources iti attracting audien¢¢s. much gIer emasiS is given to mtsji The reputaiion of the Brighton t4JilhaTmoni¢ (hrkna to thd following a funhtr ceSsful concert 5ts5on underthe dirllOn of mGreg. The Fl(wd ha% enjoyed a peTiLKI of thilitv. with mtThFrr ltg eXrttIa] wider artistic and rultural seLiOts. The further r¢ngthenjng of the B(wd remains a [01¥. During the ye4r& the orrfyation of the S(Kiety ben¢fittd from iL%' exrerience&1 al ConEnjtkn T. Li)mpising a Get81 Manw. OrmtiS and Finanee Manager. A [1$ continue5 to be thc dev¢i(went ofnew markaing itaiiiallw emph&sts on g)aa] media This has repiac¢d more trjitiOn tnarkatng and wh"ertisin& which kni'e provtyj ILSS cffedive itk rcceni yedr& A new logo and dcsign identity have ct$fi]), illtriNJwd rwramme& n¢wskttersaDd the Siriety's web 51 We remain very grdieful to St)n a1 donots for their continwj supprt trA)th tw finaTrciat k)nl05 artd attcfidatK£ at Viflual meetings to COTthw the &Yiet%'s FAJsine&
BRI HTQNJ H VE PIJILJlARMwlc SOCIETY LTD.l5rERED NUMBEILJb)171 REPORT OF THE TRUSTEES FOR THE I'EAR EN I lARcH lin4 ACflIEI'EMENT A ThD PERFoRlANcE Invt51m¢ni ptrfornian¢e "Ihe bontinues to hold a ¢urrnmi COUnt Mith CAF Bank. tor its da)'_t(Hlay p. A curr¢n¢ a(toiint h&$ been 0ed Llojds Bank for Brighion Or¢hestrai PrUal( Limi. The &Kiav has taken adi'aThtage vf intreased inrL7L rthes b! ptacing furyjs noi to meet costs in the Near #head in ierrD d¢pusits with (hc NationiiidL' tjuilding and Vsrgin NIOn.. These Le dew)5its profvide worthw'hile T¢tums ort shon tenn inN'tstments. 44hhle wiial prertio IestMe[l lICY remwns un(kr rcvithi., t•rticulath. Is onl). a limited nLunber of high 5tstet banks are pr¢pared to accept dewsits where a curr¢ni a{]( is Th)1 8]9) hc141 11 is liTrel)" io io the rdnge of Short iemi inw&%tmLnt& whilc mn107n1ng thc 11. orpits1 pre5erb"atiO]L The SIety is not vet in a r)siiion lo ¢ThIder longer m) investments. It is It?Ied to (kelOP a policy f(w Iger ienn inTrestmens in ?024125 and io apint an ex*rnal i¢sneI manager. A wtious rK)licy M'ill be adopted ithich SLrks to maintsin the vlle ot"inve5tments in rtal tertn& Page 6
BRIGHTON
OVEP
HAR
OIYIC SOCIETY LTD
STER
NUM
.110371316
REPORTOFTHE TRusfEES
R THE YEAR ENDED 31 MARCH 2(124
FINANCIAL REVIEW
Financial positio
The result5 lor the year to 31 March 2024 aTMI the pre¢a]ing fInClaI yw &e xt in the Sithnajt of Financial
Activities IKIOW.
The S(Kiety hold5 an a[al ¢(MK%rt 0gme which is similtr in swe aTMI s1¢ one year the rKxL The overa]I
cosi of the conLYrt wogramme therefote rmaiTLS trwlly * the same kvcl.
As conctn ex1nS are gamlty by ticket a reiiveiy st8n1fi¢Tht tKt C05t in ihe v¢ar from the
programme. Th¢ thirustrative and oYe¥htad C of the kniety s0 inCled in the vear. twtly ]tfl¢cting investmeni
in JE-bTandin8 and m&rketin& Wtthin th¢ c4)M& a high level of eXpdITL. (OTht 4aff was requir&1 in 5UPP)rt
of ts concen p[Irne. CthL731 thl5¢tIOn c<5 1i.ert largelv unchange£.
The Socicty Iw continued to knefit fr(n kntiaE Iwie& A Signifi£t ILgkn. of £310.(KKJ 1Ved in the J
from th¢ estate of the laic Syli'ia Si John. This Iwy was aj greatl)" agsisted the financial Wb5ition of
the SoLia% in the J¢ar. &)me TesLdU I)1nLyiLs rttettred from a numF£r of Lat¢s duTin8 the ve4r. iotalling
£60.5(X). Further residual 4mounLS t(thi1 £117. ¥wE c
B_IUG.IrroN & HOvE.PHILHARMlc SOCIETY LTD REGISTERED NUMBEIL. 71316 REPORT OF THE TRUSTEES FINANCIAL REVIEM. Reserves 11¢Y Resernes are needed io bridg¢ the gap the spending arxt re¢¢iiuTr8 of T¢T¢£ and ¢0 cover unplanned nergtn¥ies and other thpendiiure. Th¢ tntt5 C4)nsidLY th rwv¢5 51Mwld maintsind at a minitnum level of L?iO.IKX). bd ort six months, oFraLing Ls tn an a.ge 08118 %'&gr. Actual free are £1.7(XJ.485 • 31 March 24. h1¢h is Iwl). atiributsble to 1¢8w income in the prnious year being tx)lered by lurther legw inc¢ of £370.>lK) this)'car. lTh¢ SIKietv is es8eniiallN' 1]ing on rE't5 to fund the annua] CLth¢ert pwm& opernting and oi'ethead& 'lhe underlying olmtional deficit (before leEacie51 in 20J? r24 £3L•.(bl. t)ue io the re£eipt of legacies of £370.500 the reduction in resetNes in the vearw¥ limikyl io £1 1.561. Coitkxwntern "Iht SiLt) is in the fortuna [5)(lOn of besn8 receipi of sulwiiial legaci¢& 14.hich ajlowed it to (X)lJ¢irtue during th¢ p¢riod of the peiL to resume aT enhdnLe its annua] ptwamme ofconcerts. The lev¢1 of legacie5 rec¥Èi'ed aryj eiwved pro%'idcs mc ccrtairrtN' th the kniety will k able to meet its tuture tinancial obli8ation5 for somL )cars ahthL conw1[%". the 1[1 able to tInUe o¢xrating sutt¢8sfully as a going ron¢ern and the a¢¢omts haN'e th•Ytore PTe1wl on 8 going b1 The PrtNiurtfftoD cOmnY After Ihe ¢nd ol" the )"ear. it carne 8PWi that the PnKluai¢)n c1)mV would wuirtd to ac4xKmt for vat on any Losts recharg to the parent lharin. and the itharits. 0[d unable to rEcoTrer (hi5 for timwe peri(Mls. thc tharity "511 IK. able to claim an! t&x rdiefs due UTL4kr (h¢hestra Tax Relief atxl as wh the sqwa priMhEction u)mpany is not rcquirtxl. The parent charits. th•rfore d7{%1 that oll¢e the prU¢Ll eompan) had claimed and rcceivl anj t&K Érliets d up to 31 March 2024. )d 5¢rt1d amv i'aL litibilip. and an!" th abli8ation& ii Thi1d up. Ab. a resulL il was dtthded thal c05[5 incurred in tl cOMpY for t vear oded 31 March 2024 i¥Duld be mi)]t Property rEflwed in the COunts0f the Cl. 1¢ 6 aJMI 71 FUTURE PLANS Society 0p[e0 ihe strat41' ol invtsling in its concen proEramme to build reputation and to extujd lis audience. lis &spiralion is Lo transiti a EXlOn 14.here iLS dnnuai pr(Eramme of coNc¢rts ss sttsiainablc from ticket salek sp)n50r5hip. tundraising and Iethen1 ÉrKome. bul recognisin8 that gme 4>pli(ation of rttetves is likely io b¢ rsSar).. operatio71. the kn'iet). Mill coniinue to rc¥1 ztxl enhale its administrativ< financial aTKi WWdnisational pr(Ke55¢s. In particular. Otr ihe ntii ivar it is jnftd . - continue tv develop astratrgic plan f(Kthe nexi 5 )'ea - build uwn Ihc tundraising initiaitVLS N'hich art plan1 lorthe 7>24-25 >ear. - further dcN'elopour¢ommunicaiion 4ULd mark'eting Ard[": - reaeh new audience5 thmugh trfOrnllc{S in icnue5 outside the irnmojie Brightrn a . fwther develop our web pre5erKe and rKomNe our bT. Page 8
BRtGHTON & HOVE PH Nl ETY LTD ISTERLD N MBEIL. RE RT OF THE TRL'sfEES FOR THE YEAR ENDED MARCH 21124 STRLICTURE, GOVERNANCE AIYD MA.YAGEMENr Governing doturnen¢ The Society is a company limid by gua1 n¥#oEd at (A)mrAni(% Ilouse IrEgi5traiti>n nuMr 3713161 and a eharity giStered with th¢ Charity Commission {wsiratii)n numFr ISIMI). Thc Swidy is governed by its Mcmornlldum and Articles of As5(Kiation dated 9 IkcemlKr 1911 atKI la5L nen¢kd on 6 Novemtr 2022. Metnber5hip of the knety is OTKn io The dInary mtmFts or¢ the Frialth ofth¢ knidy. In the event of windin¥ up of Ihe &KieN. Lwh Mem1 u[1de¢S UMItriiIe to any liabilitscs to a limit of guin Ilwo wd5 and ten The &K'iety adorted revised meM¥J and Articles of at its General Meeting on 6 Nov¢Tllber 2(r22. The revised aniclÉz ¢Eosely follow the ChaTtty Commission M1 fornj Reernititte aDd appoinlmtntof Hew tntyit¢s As sa out the Memordndurn and Artic1¢5 of A1&1 tl busin of the is mw]aged by a B08rd or MageMLY ¢thJSiSting of up w nine elec1 mem The m¢Yn[ of thc of Managcmwi arr dtre£tys charitable L]npanV and its tnwc(% for the purrx ot Charit law". The elecied mLrynlKirs haTr"e 5m'd durtng ).ra¥ (brtst(Ys a1 tru£¢5 wer¢ &8 noted on page 10. Th¢ Board of mananent is re1b the ovmll govunw of tk lThe EJo8rd meets Six times 8 year. sU¢0MMi¢lS are ttabliShed as r¢quire41 matnli. covering finall ar incotrie gentyionlTnthetin& At each AGM orR third of the dirttt(rs rdire in T(ts¢v)n and may tkn sta1 for ]r4leaioTh by the rnern No m¢ml of the Biwd may sErye for Illo than ye•¥ (tsvo years cla¢ before Slth a membu is ¢llble for re-elect20n}. The Irustett have the rower to fill a cas]81 vrncy in the Bfftrd of Mawtmu)i aTrJ to appoini a person a5 additional mvnkr. Those alwinl must el&xion at the nexi AGM atd aF¢ subject to thc general rules uvfflng retiremthi and electio oldirecw All mcmb¢r5 of the Sociely are Lirculatrd with inviwions to n(Mninate memkn to the Bogrd rxior kn the AGM and advising theTn of ]rtiring mL¥nlKr& The B(wd has Tegwd reUlneI for an). 5CilS1 sktljs nttikd when considering awK*iniing an llIal member.
PORTOFTHE TRI.STEES 'EAR fr.N STRI.'CTI'.RE. GOVERNANCE AND,lqAIYAGEmEr OrganisatiDnAI strneture The staifing arrangttnents of the S(ieh" are yJbj¢LI to Trtinu( rc¥iew io LryLgJre that a [of10naI appnwh is tsken to (klii"crJ" Ot an ambi12ous corKert pThraMme. The Societ> is manag¢d trjv a C]cn¢rni Managiy. kJ' Y¢swxtsibility" i% the mmJirtion of all 05Frcts ofthe aTUal progrme of p¢rforniwK¢s. The G¢n¢rJ Manager i5 SUprt . an OF¢rations Nlanagcr, r¢sJxmsibiliti¢5 include Sponrship and mLnnEership aaii'iiies. An OpLYations C(M)rdinati)r Mas aprM)inted in 20?4 to fiffther Sirenhen the oflitt team. reLogntsin8 the le%'el of iiY)rt twuired to sijtte&sfu]1 deliver an aNiuai programme ol OTchLsiral conctr(& The otrice team also include5 a FinatKc Manager. ts re8Wble fw the finan¢ia] affairs of the S(Ki. including payment of musieiansand prqMTatith] of mMgemeM finarKial sthtemert I'he kniety anploys a 'Fixerf. reS[Alb1¢ for ananwg the of musicims for rehearsals and pcrforniano All ot.the statTare &Kiety are l-time an1ntrc& with %)me b&si Casua] stslff Hre emplo)"oJ os required wi5t rArticul8rly iiith cvents and s(Mne TlIne office wsks. Music Director The Music DireOr of the Brighion thlhrnonic Orrhe5tra is MaLfffegor CBf.. The Musi¢ Threaor is re5PK)ll5ibl¢ for the overall artistic dirertiort ol the Orchcsrt includillg ihe SelL10ft and pwming of the annual concert season. This is a paid part.timc aNh)intmenL oft b&sis of a th]re-}&qr jon& MaLfjregor has apN)inted fora sccond th[yEIlym. Cmen¢4g V4ith the2023ll4 se45(KL Our volunteers VolunteeT5 of iihom arE members of tk S(Kidyl distritrArte publicity m&aiais aT¥J prngrnmme& and swanl events atKi rforMan(S enabling lOtr offe1th8ll would (Hhernise InductioD training of triis1tt5 Ncw trust{ undergo an orienwion briefing ¢okering their Icgal (knligaitorLS urth rlorit)" and compam. law. thc Chorits. CoMmi10n guidance on publiL Fnelii. wntent ul" Ihe MtmoThNdum aThl Articles of A%1&10. the ¢i)mmittee and deLi8ton.making pr(Lt55es. thL" bu5ille55 pian and rLx¢ni finanl] rf(That ofthe chwity,. TnLSW are encouraged to attend appropriaic cxiLmaJ traininge¢t$ i%hue th¢ llill fatiiitatr the uniknak.ing Lil'th¢iT Tole. Wider nth*ork Friends of tht Srtitty I'he Friend% the mcmbL4s of the kn.iets haie their regular TKW3]ew aThJ beefit from priority tK)oking arrangemens fortickk ds well as Lia1 discounts and The number of Frie[. at 31 ma ?024 i¥75 336 131 March 20?J: 362K The Sc¢iety' is grateful for the continued 5UPPUrt ofr'ihe Fri¢nd%'The Fricn&s JJ¢ ke%, the suLxY&s of fiuure plan Pag¢ 10
BRI IETY LTD ISTERED BEIL. 316 REPORT OF THE TRusfEES FOR THE YEAR EIYDEDJI MARCH 21124 STRucfuRE, GOVERNANCE AND MAIYAGEMEr Rtl#¢ed p4rtit Thc S(Kiety 5¢t up a 9Jbsidiar)' 'Bright (5 LImij, on 22 2022 for the puTlseS of claiming Or¢hra1 Relief on rehea cos This is a wholly subsidiary orth¢ &)cia)'. The kniet! the company with sufficient fijnth to m(%1 reh¢aTsal costs lin¢lwiiog the hire ol Jxemiw aEMI rnusictan5' feesl ThL' companN h&5 rto iTKOrnC, other than t re¢lTn from HMRC. The Tft c(stsofthec4yntr. atr md by th¢ St1&v the of the financial year. One of r tTUStLts is a musician at¥J formS with Orthtsm They YecL'ive the same Tneration &s an wuivaieot playtr in the OrchLZtr& (A)mpluTh. corK¢rt tickets are tnLqe¢s wish ts) bring guests as pan of the pMl0 ofthe Orchcstr& ThetnLJees TtIve no other tetfits from theirwork the Any corclOn ween a tet or employee oftht charity 8 txiNJuction I7.. Frfornier vemte must be disclo%xi h) the full board of trs1$ in the same as Y thr contr2au relatior6hÈp a ltrd ppty. In th¢ I¢ charit} has a close telati(Mthip John C8rewe Brigh1 {kchtra Tn a C11V h]ch 5hare5 the Trust's Passion for OrctKStr torycert& and with Brighton th)¢ & Brightsm Feyiial which the Brighton tkne CoJK¢rt Hall WI the Rtsk thattagement - aj) annual r¢view of t risks the Gharit¥ may f. - the establishmeni of systffljs and prre510 mitig kn TÉ&5 ]demifi in the plwL and impteMthtj of prL1[res deSigd tsi minimise any rAxen¢iat imp1 Im the charity should those risks mateTiaJi5C. This work has id¢ntifJed m¢dium and long¢r Irn fi[Wla] InalItt). 15 the rnaior finart¢ia] risk for the charitv. A key clcmeni in the manag¢ment of fyjanciai risk is c(xtttnuing oi the $¢¢5 wTrlicy of the S(Kiay atjd (he r¢ntion of 5ufficieM working wiial. Alto]lion h&s also Fen on wfinala7 risks t5ing heahh a[ safdy of our memkn: musicians ar audiert& REFEREYCE Ali"D ADMifilSTRATIVE DEfAILS Rgi5tered Comp4Thy numl)¢r (M)371316 IF.ngland and Wal<s} Registered Charity numbtr 250921 Registered oflke C'ommunity b 113 Queens R] BTsghion BNI 3XG
BRIGHTQN &HOVE PHILHARM.or4ic SOCIETY LTD REGlStERED N . mBEB. IM1371316J EPORT OF THE TRL TEE FOR THE YEAR END£QlLM 2024 Trustees J A Brig(l¢n Ms l. B C¢aAey M5 A I. C'ifelli RECook Ms C S Harrison lapTx>inted IW5Q023) N G JaLobs J Ciill lapwjinied 1517Q0241 Ittdepettd*nt Examiner Dr Shona F 'ardrop C.A. c.hariot House Limiied L'hartered Accournants 44 Grand Parade Brighion tr.ast Su& 0tr$ Jnd MacCir¢gtsr. CBF. IMu5iL Dijtdorl Barry W()rd.%iiorth ICoThJuctor Lau¢we) Honor4ry Offleers P(1sition vaLthi IPresiden¢i John Ivic¢-Pr¢sidenil Dal'id I louse IVi¢e-Pr(sidenil J1kIe Ljihell. OBE {Viee-PTrsidcntl Ronald Power. MBE IViee-Presidenl) Kgm Platt Ivice-Presidenll Approved by orderof txmrd of trUS on..-................- JABri Pa8e 12
IN Blu MIN PORT THE TRusfE VE HILHARM IC SOCIETY LTD N&H Indeptlld¢nt eSbiuer's report to th¢ of BrightoA & Hovt Philharnonk Sotltty Lld (Uhe CowpHny') I rerth to the charity on my cxamirtim of the accounts of the Comp) the year ended 31 March 2024. R¢sponsibllities and bA5i8 of Trport As the ChtY.S tru¢¢$ of the CrnItn5' land also its dir5 for the pw of CoMpY la%1 you aTe re5w)nsible for the pat1{ of th¢ Out)IS in acrdanlE with teqthkrnnthtsof th¢C(Mnpanke8Aa 2( Ilhe 21X>6 Acti. Having lS[led myself that the acc(1 of the ComrAnv are MLM requÈred ts, audited uler Pari 16 of the 2(M)6 Art and atE cli8ible f{ indepenthnt ewnirwti(XL I rerM)rt in res11 of In). Cl10n of your chariTh s COUnts as carried undcr Section 145 ot" th¢ ChaTitifs Art 2011 I' l Ad'l In wing ¢x]t my examin10 I have followed the Directions Eiven by the Cltarity CommissiM ur¥kr Section 145151 Iblof the •OI I A lodeId¢t examiner's stteth¢#t inc¢ YOUT charii)'s gross ittcotne exceeded £2.(KTr yojr exami[ m)Jst a mnr of a li5t¢4J try. l Can confl that l aTll 4lifIed to wlkrtakn th¢ ewiinal a memFxY ofthe Instit¢ of Chtered ACtatIts of scolla M'hi¢h is ott ofthe lied Wie I have compl¢t¢d my l o)nfirm matters Imve C{ my attention in &)nnethon with the examination vin8 me to Eelieve: accouniing recoTds were kept in Erw of the asrqwirnj by seL%1 386 ofthe 2(Mkn A¢ or the acc(Kmts do txx accord with rtton. the accounts do not ¢OTnpl)' with th¢ &¢[[n8 requirtments of knion 396 of the Jxkn A¢4 1)ther th any rtyuireTnent th& the ac¢(Mmts giv¢ a •Ki fair view whith is nol a matttr c£M]sidered as W of an independent exanination- or thc aollnts have not Fen Epared in with malMK& prirKiples of the Ststement or iiecommet¥knl Pradice for rntin8 a] rewiing bi. clwiiies (applicable w charitiL preparing their accounts in xcor(lte with thc Financi Rerrf)rting SthTthrd arvlieablc the L K a[ Republic of lTeland {FRS 10211. I hav¢ no ¢OTKcm5 arKi hove me I (kn mauers in ¢onnLYtion the tt<amination to whith atnii¢)n slM)uld be drawn in this TerKKt in onkrto enable a priryxr UndL1ttg ofthewxounLK to be TW Dr Shona F Wardrop CA The In5tituteof Chartertd of kod•MI Chariot House I.imited Chartcred Accountants 44 Grnnd Pande Brilon F.a5t BN2 SVA Page13
BRIGHTON & HOVE PHILHARMOryIC SIKIETY LTD STATEMENTOF FIYAY IALA VIT 2024 2023 Totsl fimds fijnd fIdS Nthes INCOME AND ENIK)WMENTS FROM l)onations and legleS 381.786 J81.786 348.633 Charitable attiTr*it5 119.W21 162 13&121 145.663 ()Ihcr trading adii'iti Invm¢ni itmC 6.362 30.650 30.650 Tot91 53? 357 16alMI 548.557 5U8.702 EXPENDITURE ON Charitable activities 29.889 s.118 360.780 NET IYCOMFJIEXPEWDITL'REI 113.6891 IllJ611 RECONCILIATIOh4 OF FUP•DS Total funds brought fort 1.698.457 15,489 1.713.946 15(6.024 TOTAI. FL,NDS CARRIED FORWARD 1.7(X).585 1.702.385 1.713.946 The n(rfes f( rot of e financia] siaiemenLS Pa8e 14
HILHA C SOCIETY LTD REGIStERED NUMBEIL. 16 BALATriCE SHEET H 1024 2024 2023 fimiL8 FIXED A&SETS Investsnertt5 12 l(M) CURREwf A&8ETS DebtoJ¥ Cash at bank and in har 13 85.031 1.636.i16 85.031 1.638J16 80,W8 1.647.883 1.721.547 1.728.491 CREDITORS Amourtts. lalling due within or yesr 14 (21.(kn2) 121.(kn21 (14.645} NET CURREwf A&SE15 1.71x1.485 1.702285 1,713.846 TOTAL ASSETS LESS CURRENT LIABILITIES 1.7(K).585 1.701385 1,713,946 NET A&SETS 1.7(K).585 .702,385 1,713,946 FUNDS Unresthth¢d fun(ts Rcstrict¢d fvrKts 15 1.71X>,585 1.69&457 15,489 TOTAL FLTr4DS 1.702J85 1.713,946 The ¢harithble comFWy 15 cntitl¢d io from atyjil utKkr lon 477 of the Compsmie5 Act 2{m f(r the year ended 31 Ilarth 024. The m¢mtr¢rs haye requirEd tr Comw to rt4ain an ?lIt of its finaTKial for the ycar thdtyj 31 March 2(r24 in acc(Kdw w(h kntion 476 Ord C(mpJies Act 2(Kkn. The trustees k]WIJ8e theirTcswiil1tse5 f ensuring the charitsble keeps &C[nI8 rwonls cornply with Sedions 386 387 of the Companics Affl 2(XXTr and preparing fiTrancta] ststemenLS Ththich wve a t arKI fair Triew of the qate oCatTairs of the dkaTitable C(Mpa. as at the end of ¢ath fula1 vear and of its swplus or defictt for tth firwKtal l'ear in accordance wilh the ItqilsremenL8 of Sections 394 and 395 and (th¢Th¥i LThipl% Mith rwuttrments of Il ConPpani Act 2(N)6 rel18 to ficlaI sla1CTrl sohr 9[1)11¢ab]¢ chaTitsbie CoMpy. Ibl P4e 15 ContimJ...
BRIGHT1%& H.QVE PHILHA.RTrIONLC SOCJETY LTD (REGISTERED NU.MBER: IA)37131 These financi stsiemenLS ha%'e been in 7th the Fxovisi(KJs a)licable lo charitsble companies bject to the small companies regime. 5tatEmertts weTt approi.ed h the B(wd of TnLStws authoris¢d fly is$ on 1 LoL... and were signed on its behdf b)": rigdl. Tnjs The Mies forn? TWT Ot"th* r]nancil Page 16
BRI HT CASH FLOW STATEIEyT FOR THE YEAR ENDED31 M RCH 21124 2024 2023 C8sh ftOY45 from oper&ting tttvib Cash genLThted fro 0[ratiorks 140.217) 54.650 Net c&sh (used inVpTovided by ¢Jpmtin8 tIvitt 140217) 54.650 Casb IIow5 from invt5tiDg tdvltles Pllrch of fixcd in%'cxments Int¢rtsi received 11(M)} 30,650 Net proyided by investing &1iviti£s 30,650 Change ID skn lld ¢th equivxleRts the Teporting ptriod Ch tash t4Usvaknts At the lgiDDiDg of the re)rthlE {9367) 61594 1.647.883 1.585289 Cash and eqtyivgknts at the •f the reporting ptrkn 1.638J16 1.647,883 )Krfcs lorn of ttse gatrments P¥8e 17
BRICHTON & HOVE PHILHARM.QNIC SOCIETY LTD .S TO THb. CASH FLOII. sr.4TENIEYT DTr'D 31 IARC-.H RECONCILIATIO OF l¥4ET {EXPEPDITUREVINCOME TO NET CASH FU)W FROM OPERATIG.*criViTIEs 2024 2023 Net {tInditureiDr0me for the reportiDg perirKI per the Statement of Finantial Adiwities) Adjustments for. 111.5611 147.W22 {311.6501 15.8491 1.426 6.417 18.(M41 141.6251 19.3971 134.2(X>l Motretneni in iniercwli%. Wa¥ DecreaOlincrea5el irt (kMor5 Inc{dECreaSel in ¢d[torS eash lused Inyprovided b). optr•llon$ 140.217) 54.650 ANALYSISOF CHAliGES lli PIET FUPIDS A( 114n3 Cth flow At 3113124 Net c.ash at bank Jnd Ind I.IA7.883 9.567} 1.638.316 1.647.883 19.5671 1.638.316 Totsl 1.fy17.883 19.5671 1.638.316 lThc tmrt olkn fitwKial swements Page 18
BRIGHT
E PHIL
TY LTD
NOTES TO THE FINAPCIAL sfAT
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIF
B¥sis of preparing the Statements
Thc flnanci sMtements of ihe charitsble which is a bencfit entity under FRS 102. have ten
pre1W in xcoTh1ae M'ith the Chariries SORP IPRS 1021 'Accouniing and Rerth5llg b> Charilies.. Swetnent
of R¢v)Jntno¥kd Prti applitle io chari11 ttng their nts in &Y4)nkn¢e with the FinanGi&l
R¢porting Standard applitxblc in the UK Imd RebIlL of Irelanti IFRS 1021 (effl1ve l January 2019),.
Fin&rtciaJ Re[)rrIng SthTKSard 102 The Financi R¢rffling Sthndth appli(xble in and Republic of
Ireland. and Companies ALt 2(Mh The financial sLents h41¢ b¢Lm plEpad Lumkr the historical cost
conv¢ntiotL wkth the ex¢epti of invemws which ar ÈncluW atTnwkct VUe.
Ineome
A]1 income is rccogttÉsed irt the StatemeN of Acliviiits orKL the dwii) has attitleMlI to li
is probable that the income will be receivoj atml the ¥Tll0LmtTr mrawrd reliably.
Exptnditu
Liabilitie5 are rOl1 extt¥litt]FE &s a legal or (xjnstruIve obligation commilting the
charity to that expendiitsre. it i$ w(thble th a traiisfL7 of eLThOmiC fits requijed in s¢ttlemLni and
thc amount of the obligatiort w be meagjrul reliablv. Ex[m]itUTe 15 for on an a
BRIGHTON & HOVE PHILHAKIIONIC.SQ.CIEf.Y LT iy(yrES TO THE FIN.4NCIAL ST.4TEMENTS- coDtIntd LUHLYEAR EliDED H 2024 tK)NATIONS AND LEGACIES 2024 2023 Iknations iftwd Legacies Membership fee5 lJ46 1.895 370.51M> 8.045 2.522 335.(XKJ 6.571 381.786 348.633 OTHER TRADINC A1VITIEs 2024 2023 FwJdraisinE eveii 6.362 INVESTMENT INCOME 2024 20?3 De)$11 cOl1ft1 tniere5t 30.650 IPICOME FROII CHAIUT.4BLE ACnTrTtIFS 2024 2023 Aaivity rjck'et sales rA)nsorships FAlucaiion project 119.921 15.3 130.463 15.2 tkntne CO On l36.12l 145.663 CHARITABLE ACTIVITIFS COSTS Supwrt 05151set note 81 Costs (see n7) Totsls Dome coErt SLX8on 368.345 191.773 560,118 The e%nditre ligures for s'ear eNlcd 31 Marth ?024 include b16.76A ofcyaK1iiwe incuFr&J b). Brighton Orch¢5trdl PrJu105 l.imit the dIa[). CoETrn1. The expermlitllre h&5 iKen lleLd in the aLx)ve figurL'S ihe costs dircali. in¢JrrLal in puuing on the corKats and therefor¢ in g&ing the ticket sale5 in the chariti.. This 8mouN is ITh¢111 in the treak"Ih)ii* of costs in 7.
TON&
VE PHILHARMONIC
IETY LII)
NOTES T
THE FINAYCIAL STATEMEY75- conlinued
FOR THE YEAR ETrDED 31 MARCH 2024
DIREcr cosrs OF CHARITABLE A1VITIEs
2W24
Or¢hethI8rtlsts
ConG¢rt mgJw
Pn)gruTntnes
Marketing atml communie*i(x
Other dirccl
Equipment hi
Travel
Music Direc
InstFurneni hire
Instrument insurance
Veiue hire
PriNJucttoTr cts
163.529
8.71rf)
174,(Y)7
25.460
313
15,568
654
62
6,?44
2.458
21243
41.4(M)
13.892
289
36.1
41.985
368J45
252J18
SUPPORT COSTS
Management
191.773
Suprth (xw& included in the as folloThs:
2024
2023
Tota]
tiTrities
Wagfs
P
BRI HTON & HOVE PHILHARMONIC SOCIEILLID E"_OTES TO_THE FINAL4 IAL ST.4TE%IEliTS-eoDtiDued TRL'sfEES' REML.NEIL4TION AYD BENEFJTS Ttrre tre no IT, reMunei0n or (Ahcr knefits Year eTthd 31 Marth 2024 nor for the )'ear ended 31 M8r¢h 20J? . Trustee5' expense5 r¢ were no (ru [Id fortt &eareThkd31 March 2024 nor the )'e8T endeil 31 M8]th 2023. IIL STAFF COSTS 2024 2(123 Wages and 5al8ric5 Oth¢r 51n Lxists 48.454 1.329 14.651 434 49.783 15.085 The ai"erage monthlj" numFrof cmploiee5 dwing the1'ear¥ as folloms.. 2024 2023 No emplovcc5 fLteived a))olwnems in excess of £elJ.(th. Kev Management P¢rwMel. M"ho are considcKd to k the trust& the ge[K manager and th¢ operatlOll5 man4Ttr. receii'ed TemUrra1ion (including emplo)'crs Awl(al i[laT and pension c4mthbutions} for )'¢gr ended 31 Mwth 2024 ot't49.783 12n?3= £15.0851. COIMPAiL4TIVES FOR THE STATEMEYT OF FINAYCIAL.4CTII'ITIES t InrtStriCE&I Restha funds futK15 IYCOI¥IE ENII)OWTrIENTS FROM Donaiions l¢¥a¢iLS 34&633 348.633 ChHrTtblt ActiiTh Domc co[eTt stason I30.463 1521M) 145.663 (Xhv ¢ing 1vIll¢S Invethert i(mne 6362 6J62 Total 493.502 152(K> 508.702 EXPEYDITI'RE O Ch8ritsble activides tknme LvnLert SL&wn 3EA).169 611 360.780 fET INCOME 133.333 14.589 147.922 RECONCILIATION OF FUTr4DS Tothl fur¥Js bwught foTh¥anl 1.565.124 1.56&024 Page 22 continu&f...
CHTON PHI Nic TY LID NOTES TO THE FINANCL4L sfATEIIE FOR THE IFAR E,YDED31 MARCH 2024 ii. COMPARATIV FOR THE ATEmElYT0F FINA ThCIAL AC7IVITIES- continued RLStri¢tcd fimds TOTAL FUNDS CARRIED FORWARD 1.698.457 15.489 1,713.946 FIXED A&SET INVESTMEiYrs Shares in utmknakings MARKET VALUE At l April 2023 and 31 Mwch 2024 NET BOOK VALU At 31 March 2024 At 31 March 2023 13. DEBTORS 2024 2(r23 Arnts falling due wtthin y¢ar. Trdde d¢knrs Ami)unts owed by grow) Other debtors PrLPdJments' dTLd awuaj i]¢ 24.057 47,474 22.(rf)I 41,625 4.540 10.985 10.754 84.174 79.751 Amouttts falling thle aftermore than yw. (Mher thbiors 857 857 85,031 Detrfors due aftermore thHn {eYear rtntsi thrM>stt re£ov¢rable ¢)n thechritys I¢j otTiecs.
BRIGHTON * HOVE PHILHAILMOlYlC socirri'_LTD NOTES TO THE FIY.4YCI.4L ST.4TE%IETrIIS-tODtiDutd 14. CREDJTORS: AMOLNTS FALLING DUE WITHIN OYE YEAR 2024 2023 Trade ¢reditors securih. artd otherL*xes (hhcrerL'diiors Accrned eipen 16.170 915 677 3J( 12263 2.382 21.062 14.64) MOVEMEwf IN FUNDS MOeml in funds Ai 3113n4 At 114123 UTrre5tTiCted fuDd5 Gcncd 1.69&457 2.128 1.71X).585 Restrided funds StK)nsorships EduL7tion pmjeLX 14.589 (14.589) 15.489 {13.6891 TOTAL FUNDS 1.713.946 -702.385 Net movement in ilded in thealx)ve are as follows: lrtoming Resounxs Movemeni resources exr¢nded in funds Umrestrirttd G¢n¢rni furtd 531357 (530229} 1128 Restricted futtds Spjnburships EduLation project 15.31K) 129.8891 114.589) IL?IM) 129,8891 113.6891 TOTAL Fuf4DS 548.557 1560.118} P4e 24 conunued..
N & HOVE PHILHARMONIC IETY LTD NOTES TO T IN.4P4CIAL STATEIENTo¥lled FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMEIYT JIY FUNDS-thThtinDt Cornpara¢tves for movemth¢ iti fu*ds Net moN'emeTht in fill)ds At 311J123 Ai 114122 Utyrestrided Genera] fund lJ65.124 133J33 1,698,457 Restricted fund$ Spinsorships Educ&iot% projeci 14589 14.589 14.589 15.489 TOTAL FUNDS 1566.024 147.922 1.713.946 CoMpalve nd Tttov¢mart in fwbJ& i¥KIth in dMwewe45 follow In¢ominE Movem¢ni in fuThJ5 Unrestritted Gefi¢ fund 493.502 13fAI.169} 133J33 Restricttd fvnds 1521MI (611) 14.589 T(yfAL FUNDS 508.702 136AI.780) 147,922 16. RELATED PARTY DISCIA)SURES There were no relatLul ¢rawcti$ forth¢ Yew¢ 31 March JQ4. PENSION NOTE thjring the year the chants. made conthiKrtiotLS of £lJ29 to defll rontsiblon rfflsion s¢h&ne& At 31 March 2024 £677 wa5 io rwion woiid continuryl..
PRIGHT0Tr4 & HVE PHILHARMOh"IC sQ£lE OTES T THE Fl%.4%CIALSTATEME)S-
'OK"I'HE Tr"E.4R E) 18. POST BALANCE SHEET EN'EYTS After thc end of the N"ear. li 1Me ap[reM the PrctIon c&npm!' Iould wqvijrd to aCcnt for vat on oV costs Techargcd io thc paTeThi eharip.. aTh1 the chariLI' i%(wld unable io nYoK'cr this vaL "lthe paThl chaTitN' Iherefore decided that once the prll10 eomtAm.' Claim and re¢eiNed anK' Teliefs due. and a¥nted lor the at liabilit!. ar anv d)lilO[l li WOUt L4). For luiutE peri(xl& the LhariÈ} "ill IUr all pr(xJuaion cost5 ar "111 claim the relief du Py26