_Norwich Philharmonic Society_
_Registered Charity No. 264425_
## _Financial Statements_
_Year ended 30th April 2025_
## _Trustees Annual Report for the period 1 May 2024 to 30 April 2025_
_Charity's principal address Mrs C Dixey_
_Rushlight Barn, Birch Way, Mundham, Norwich NR14 6EN_
_Website http://www.norwichphil.org.uk_
_Charity Trustees_
_Mrs Caroline Dixey Chairman Ms Catrina Nixon Vice Chairman Ms Alison Rhodes Secretary Ms Kate Anetts Treasurer & Friends’ Secretary Mrs Sally West-Lindell Choir Secretary Ms Alexandra Atherton Choir Representative Mr Paul Henderson Choir Representative Mr Chris Elston Orchestra Secretary Mrs Judy Tryggvason Orchestra Representative Mr Steve Kent-Davies Orchestra Representative Ms Caroline Furniss Orchestra Librarian Mrs Alison Guy Front of House Manager & Head Steward Mr Simon Suter Public Representative_
## _Structure, Governance and Management_
## _Governing Document_
_Norwich Philharmonic Society is constituted as an arts and music trust with the Charity Commission under charity number 264425. It is governed by a constitutional document._
## _Recruitment and appointment of trustees_
_Trustees are elected annually at the AGM (excluding the Chairman and Vice Chairman who are elected every third AGM)._
_The trustees are responsible for the recruitment of new trustees, who are elected at the AGM. If the Society needs to replace a trustee mid-season, the trustees will appoint as they see best for the Society._
_Potential trustees are invited to attend a meeting and/or meet with the chairman to discuss the position in greater detail. This allows due consideration of the person’s eligibility, personal competence, specialist_
_knowledge and skills. On appointment to the committee all new members are briefed on the aims of the Society and the responsibility they hold._
## _Organisation Structure_
_The charity trustees are responsible for the general control and management of the charity, covering the running of the Society and the concerts held. They give their time freely and receive no remuneration or other financial benefits other than reimbursement for expenditure on behalf of the Society_
_The trustees meet together as a body at least four times a year and are responsible for all the decisions taken in relation to the running of the Society and the concerts held. To assist in the smooth running of the charity the trustees have set up sub committees to oversee aspects of the concert organisation, including publicity, choir and orchestra._
## _Risk Management_
_The trustees have assessed the risks the charity faces and have implemented systems to mitigate these. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular insurance cover is in place, and the finances are kept under regular review_
_The Society maintains and regularly reviews a risk register._
## _Objectives and Activities_
_The Society aims to educate the public in the arts and sciences, and in particular the art and science of music, by the presentation of concerts and other activities._
_The Society holds a minimum of five concerts each year; concert income is supplemented by the subscriptions of the Society's members together with fundraising events held during the year._
_The trustees have given due regard to the Charity Commission’s guidance on public benefit and have complied with their duties as detailed in the Charities Act 2011 with regard to public benefit. Careful consideration has been given to the accessibility of the Society to as wide a community as possible. Reduced membership rates are offered to student members of the Choir and Orchestra and reduced-price admission to all concerts is offered to students and to members of the Norfolk County Youth Orchestra. For the last two years, the Orchestra has presented two popular concerts for families, bringing in new audiences._
## _Financial Review_
_We budgeted to break even, with a concert deficit to be offset by subscriptions, fundraising and Gift Aid. These offset sources of income were as budgeted. Disruption was caused due to the need to use other venues caused by the unavailability of St Andrew’s Hall, resulting in concert income less than budgeted although this was partly offset by lower concert costs._
_We are delighted to acknowledge donations of £9,821, (including £2,321 in memory of former Choir member James Visick); these donations are held as Restricted funds. The season overall resulted in a surplus of £2,390 (with £1,708 in unrestricted funds and £2,978 restricted)._
_A further £5,000, originally donated towards the now-cancelled Strangers project, was, with the agreement of the donor, transferred to support the Rite of Spring project which was produced in conjunction with Dance Workshop. £2,000 remains allocated to the Strangers project – we are in consultation with the donor regarding its distribution or return._
_Net receipts for the year are an overall surplus of £4,686 comprising £1,708 unrestricted funds plus £2,978 restricted funds._
## _Reserves Policy_
_The committee has agreed that the Society should work to a break-even budget each year, once the concert financial performance and other sources of income have been taken into account._
_The Society aims to maintain unrestricted net current assets of around 100% of the concert season expenditure, (currently around £70,000) to cover any significant fall in income and as a contingency against unexpected events and any shortfall in cash flow. The Society holds a relatively small sum £33,854 historic cost) in investment managed funds, which are held to generate income, currently around£1,500._
_Restricted fund reserves are maintained in accordance with the benefactors’ wishes._
_Any remaining net current assets are treated as designated funds, set by the committee for development, education and training and for capital projects. Development, education and training covers special performances, development and sustainability, commissioning choral and orchestral works and encouraging a younger membership. Capital projects covers the purchase and replacement of instruments and equipment, also renewals and repairs._
_Norwich Philharmonic Society holds an adequate level of unrestricted net current assets as reserves (£70,092). – this is the sum agreed for the reserves policy, so no further designated funds are yet in place._
_Total net assets (£124,349) comprise unrestricted assets (£113,069) net current assets, debtors, investments and retained (fixed) assets plus restricted assets £11,280)._
_This policy is subject to periodic review by the committee_
_._
_Bankers HSBC Bank of Scotland Lloyds Bank 18 London Street PO Box 1000 PO Box 1000 Norwich, NR2 1LG BX2 1LB Andover_
_Independent Examiner Crispin de Boos_
_The White House, Sandfield Lane, Eccles, Norwich NR16 2PB_
_Declaration The trustees declare that they have approved the Trustees’ Report above. Signed on behalf of the charity’s trustees_
## L C Dixey
_L C Dixey (Chair) date 21 May 2025_
|_Norwich Philharmonic So_
_Year ended 30 April 20_
_RECEIPTS AND PAYME_
_Receipts_
_Payments_
_Net Receipts before funds t_
_Cash funds brought forward_
_interim cash funds for carry_
_Transfer of restricted/desig_
_Cash funds carried forward _
_Net receipts_
_ASSETS AND LIABILITI_
_Current assets_
_bank balances_
_liabilities & accruals_|_ciety_
_25_
_NTS FOR THE YEAR ENDED 30 APRIL 2025_
_unrestricted_
_restricted_
_total £_
_Concert income_
_40,008_
_40,008_
_Family concerts income_
_5,550_
_5,550_
_Subscriptions_
_19,303_
_19,303_
_Fundraising_
_3,373_
_3,373_
_Gift Aid_
_3,910_
_3,910_
_Donations & Legacies_
_915_
_915_
_Interest_
_739_
_739_
_Investment income_
_1,539_
_1,539_
_Choir training, Koblenz_
_9,821_
_9,821_
_Orchestra training_
_-_
_-_
_Prior year receipts_
_743_
_743_
_Receipts next year_
_-_
_-_
_Strangers project_
_-_
_Total receipts_
_76,080_
_9,821_
_85,901_
_unrestricted_
_restricted_
_total £_
_Concerts costs_
_68,275_
_68,275_
_Family concerts costs_
_6,477_
_6,477_
_Fundraising_
_2,034_
_2,034_
_Membership administration_
_235_
_235_
_General administration_
_1,206_
_1,206_
_Insurance, subs, audit_
_755_
_755_
_Capital purchases_
_-_
_-_
_Choir training, Koblenz_
_1,843_
_1,843_
_Orchestra training_
_-_
_-_
_Choral conductor selection_
_-_
_-_
_Deposits prepayments_
_-_
_-_
_Prior year_
_389_
_389_
_Strangers project_
_-_
_Total payments_
_79,372_
_1,843_
_81,215_
_ransfer_
_(3,292)_
_7,978_
_4,686_
_68,384_
_8,302_
_76,686_
_forward_
_65,092_
_16,280_
_81,372_
_nated funds_
_5,000_
_(5,000)_
_`_
_70,092_
_11,280_
_81,372_
_1,708_
_2,978_
_4,686_
_ES AS AT 30 April 2025_
_unrestricted_
_restricted_
_total £_
_COIF deposit account_
_11,408_
_11,408_
_Virgin Money deposit_
_20,858_
_20,858_
_Cash at bank_
_42,217_
_11,280_
_53,497_
_1_
_(4,391)_
_(4,391)_
_2024/25_
_2024/25_
_2024/25_|_ciety_
_25_
_NTS FOR THE YEAR ENDED 30 APRIL 2025_
_unrestricted_
_restricted_
_total £_
_Concert income_
_40,008_
_40,008_
_Family concerts income_
_5,550_
_5,550_
_Subscriptions_
_19,303_
_19,303_
_Fundraising_
_3,373_
_3,373_
_Gift Aid_
_3,910_
_3,910_
_Donations & Legacies_
_915_
_915_
_Interest_
_739_
_739_
_Investment income_
_1,539_
_1,539_
_Choir training, Koblenz_
_9,821_
_9,821_
_Orchestra training_
_-_
_-_
_Prior year receipts_
_743_
_743_
_Receipts next year_
_-_
_-_
_Strangers project_
_-_
_Total receipts_
_76,080_
_9,821_
_85,901_
_unrestricted_
_restricted_
_total £_
_Concerts costs_
_68,275_
_68,275_
_Family concerts costs_
_6,477_
_6,477_
_Fundraising_
_2,034_
_2,034_
_Membership administration_
_235_
_235_
_General administration_
_1,206_
_1,206_
_Insurance, subs, audit_
_755_
_755_
_Capital purchases_
_-_
_-_
_Choir training, Koblenz_
_1,843_
_1,843_
_Orchestra training_
_-_
_-_
_Choral conductor selection_
_-_
_-_
_Deposits prepayments_
_-_
_-_
_Prior year_
_389_
_389_
_Strangers project_
_-_
_Total payments_
_79,372_
_1,843_
_81,215_
_ransfer_
_(3,292)_
_7,978_
_4,686_
_68,384_
_8,302_
_76,686_
_forward_
_65,092_
_16,280_
_81,372_
_nated funds_
_5,000_
_(5,000)_
_`_
_70,092_
_11,280_
_81,372_
_1,708_
_2,978_
_4,686_
_ES AS AT 30 April 2025_
_unrestricted_
_restricted_
_total £_
_COIF deposit account_
_11,408_
_11,408_
_Virgin Money deposit_
_20,858_
_20,858_
_Cash at bank_
_42,217_
_11,280_
_53,497_
_1_
_(4,391)_
_(4,391)_
_2024/25_
_2024/25_
_2024/25_|_ciety_
_25_
_NTS FOR THE YEAR ENDED 30 APRIL 2025_
_unrestricted_
_restricted_
_total £_
_Concert income_
_40,008_
_40,008_
_Family concerts income_
_5,550_
_5,550_
_Subscriptions_
_19,303_
_19,303_
_Fundraising_
_3,373_
_3,373_
_Gift Aid_
_3,910_
_3,910_
_Donations & Legacies_
_915_
_915_
_Interest_
_739_
_739_
_Investment income_
_1,539_
_1,539_
_Choir training, Koblenz_
_9,821_
_9,821_
_Orchestra training_
_-_
_-_
_Prior year receipts_
_743_
_743_
_Receipts next year_
_-_
_-_
_Strangers project_
_-_
_Total receipts_
_76,080_
_9,821_
_85,901_
_unrestricted_
_restricted_
_total £_
_Concerts costs_
_68,275_
_68,275_
_Family concerts costs_
_6,477_
_6,477_
_Fundraising_
_2,034_
_2,034_
_Membership administration_
_235_
_235_
_General administration_
_1,206_
_1,206_
_Insurance, subs, audit_
_755_
_755_
_Capital purchases_
_-_
_-_
_Choir training, Koblenz_
_1,843_
_1,843_
_Orchestra training_
_-_
_-_
_Choral conductor selection_
_-_
_-_
_Deposits prepayments_
_-_
_-_
_Prior year_
_389_
_389_
_Strangers project_
_-_
_Total payments_
_79,372_
_1,843_
_81,215_
_ransfer_
_(3,292)_
_7,978_
_4,686_
_68,384_
_8,302_
_76,686_
_forward_
_65,092_
_16,280_
_81,372_
_nated funds_
_5,000_
_(5,000)_
_`_
_70,092_
_11,280_
_81,372_
_1,708_
_2,978_
_4,686_
_ES AS AT 30 April 2025_
_unrestricted_
_restricted_
_total £_
_COIF deposit account_
_11,408_
_11,408_
_Virgin Money deposit_
_20,858_
_20,858_
_Cash at bank_
_42,217_
_11,280_
_53,497_
_1_
_(4,391)_
_(4,391)_
_2024/25_
_2024/25_
_2024/25_|_2023/24_
_£_
_42,747_
_6,336_
_18,221_
_9,674_
_3,970_
_574_
_724_
_1,199_
_-_
_-_
_5,000_|
|---|---|---|---|---|
|||||_88,445_|
|||||_2023/24_
_£_
_60,268_
_4,735_
_6,474_
_91_
_664_
_738_
_1,650_
_2,051_
_57_
_250_
_57_
_3,091_
_-_|
|||||_80,125_|
|||||_5,371_
_63,013_
_68,384_
_0_|
|||||_68,384_|
|||||_5,371_
_2023/24_
_£_
_10,870_
_20,666_
_36,848_
_1,763_
_-_|
|_Net current assets_||_70,092_
_11,280_|_81,373_|_66,621_|
|_Other monetary ass_
_Investment assets (a_
_Retained (fixed) ass_
_NOTES_
_(1) Liabilities & accruals_
_(2) Debtors_
_(3) Retained assets_
_Timpani, Trailer, Equipment_
_Instruments, Cases_
_Celeste, Glockenspiel_
_Staging & Acoustic Screens_
_Music Stands_
_Tubular Bells_|_ets (debtors)_
_2_
_5,500_
_5,500_
_t cost)_
_33,854_
_33,854_
_ets_
_3_
_3,623_
_3,623_
_Total assets_
_113,069_
_11,280_
_124,349_
_Concert costs_
_(4,391)_
_(4,391)_
_Gift Aid_
_5,500_
_5,500_
_net book value_
_Additions £_
_Depreciation £ NBV at_
_42_
_126_
_42_
_125_
_313_
_939_
_487_
_1,462_
_14_
_42_
_310_
_929_
_-_
_1,208_
_3,623_
L C Dixey
K B Anetts
_L C Dixey (Chair)_
_K B Anetts (Treasurer)_
_167_
_1,949_
_4,829_
_1,252_
_56_
_1,238_
_168_|||_5,500_
_33,854_
_4,829_|
|||||_110,804_|
|||||_1,763_|
|||||_1,763_|
|||||_5,500_|
|||||_5,500_|
||||||
1
_Norwich Philharmonic Society Year ended 30 April 2025_
## _Independent Examiner’s report_
_I report on the accounts of the Norwich Philharmonic Society for the year ended 30 April 2025 which are set out on the preceding pages._
## _Respective responsibilities of Trustees and Examiner_
_The charity’s trustees are responsible for the preparation of the accounts._
_The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed. It is my responsibility to:_
- _examine the accounts under section 145 of the Charities Act,_
- _follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and_
- _state whether particular matters have come to my attention._
## _Basis of the Independent Examiner’s report_
_My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below._
## _Independent Examiner’s statement_
_In connection with my examination, no matter has come to my attention:_
- _(1) which gives me reasonable cause to believe that in any material respect the requirements_
_· to keep accounting records in accordance with section 130 of the 2011 Act and_
- _to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or_
_(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached._
## _Independent Examiner_
_date 27 May 2025_
_Crispin de Boos The White House Sandfield Lane Eccles Norwich NR16 2PB_