Registergd Charlty Number: 265052 nbi• NORTHAMPTON SYMPHONY ORCHESTRA FINANCIAL STATEMENTS AND TRUSTEE'S ANNUAL REPORT FOR YEAR ENDING 31ST JULY 2025
NORTHAMPTON SYMPHONY ORCHESTRA Registered Charity Number.. 265052 Page 1 Lègal and Admlnlstrativo Inforniation Legal Nama: Northampton Symphony Qrch88tra Règistèrod Charity Numbor: 265052 Addrom: 29 Valenline Way Great Billing Northampton NN3 9XD Tru8t6•6.' Mrs C Rth- Chalw {appoint•Y 02.10.24) Mrs R Chapman¥ Chair (re81gr 02.10.24) Mr S Blundell Mrs S Bunker Mr N Dean - Treasurer Ms J Grant Mr E Hall Mr F Jordan Mrs C Kelk- Secretary (appointed 02.10.24) Ms C Malitsk Mr G Tear Indap8fMl•nt Examiner: Brenda Peers-Ross 29 Drift Road S?Isey West Sussex P020 OPW Bankers: Co-op Bank PO Box 250 Skelmer5dale WN86
NORTHAMPTON SYMPHONY ORCHESTRA Registered Charity Number: 265052 Report of the Trustoes for tha year ended 31 Juty 2025 Paga 2 Structure, Govemance and Managomont Type of goveming dcument: ConstilLthn adopled 12 June 1974 as amnded 16 July 2003 and 17 June 2009 How th8 charty is constrtuted: Asscrtiat)n of members. Trustee selection methods: Truslees are appointed or reappointed annualty at the Annu General Meeting Northampton Symphony Orchestra is a member ol Making Music which provid88 helpful advice s8rvices. Objoctlvos and actlvltio• Summary of tha objective8 of th• charlty To advance. improve, develop, and maintain public educalion in the art and Science of music in all aspects by the presentation of public orchestral concerts". and for the general purposes of such charitable bcrfjies or for such other purposes as Shall be exclusivety charitable as the Committee may from time to time decth. Summary of the maln actlvltl•s In rolatlon to the8e obJ•ct• The Orchestra presented six concerts during this year, irKluding five for the general publk and a final concert for Friends of the Orchestra. Achlevements and Perfornmnce This has been a successful year fof the Orchestra. Th8 Orchestra was able to perfomi the usual six concerts during this season. Despite the general cost InCase$ that continue, our audience numbers remained consistent throughout the sea50n. We therefore r1Ved income from tet sales. subscriptions, fijndraising from Ea8yFundraising and raffle tid(•ts from the Friends o)n¢ert. We have had the usual veTru8 hire costs, music hi, sololst fees, Music81 Director and Le1 fees, and any other ad hoc fees relevant lo the wnning of the Orchestra. Memborship We are again delighted to welcome back existing member5 and also to welcome sorng new ones. We have maintained the cost of subscriptions which was rarsed slightty in the previous season to cover rehearsal Sts and ensure thal the Orchestra can conlinue to operat8. Fri•nd8' Schemo Th8 Friends, sdieme continues to opefate during this year. and the income from them is vitalfy important to the Orchestra, and we thank them kn Iheir suppjrt for last year and in ihe coming year.
NORTHAMPTON SYMPHONY ORCHESTRA Registered Charity Nufflber. 265052 Pago 3 Report of tho Trustees for tho ywr •ndod 31 July 2025 Tickel Salo5 We have remained with our policy to offer discounted seats to children at all concerts, and continue to offer season tickets so audience members can attend a full season of concerts at discounted price. which has been a succYJsful initiatlve. Thanks Appreciation is due to all who serve on the ccmnmiliee. Th8S8 8SS8ntial roles have been fulfilled by considerable tirne 5acrrfice and without whth the Orchestra coukl not operate. Thanks also goes to our Mu&cal Director for his support and guidance. We extend our thanks to Callie Rich, who took over the role of Chair dulln9 this season, and to Christine Kelk, who h8S taken over the Secretary role for this season. Futurn Plans We continue to look forward lo rehearsals p8rfomiing challenging and innovating program$. inspiring audiences. and giving Northampton ac£ to an Orchestra rt Can be proud of. Flnancial Revlew The Orchestra's primary income is still member subscriptK)ns to cover rehearsal co8t8 and ticket sales to cover concert costs. The Friends, membership covers the cost8 of the Friends concert at the end of the season. Our maln expenses are rehearsal costs, concert hall and music hire and conductof's fees. The soloist fees for our concerts in November and March were covered by donalions from 8UPWter of the Orchestra who wishes to remain anonymous. so we extend our thank8 to them. R•S•rV pollcy The commrttee Continued to delNer ils polw whereby the unfestricted funds not committed (the free reserves) hekl by the chafity shoukl be al Eeast 12 month8 ofth8 resources expended. Inve8tment pollcy The Orchestra has again benefrtted from the interest Tlved frc¥n reseTr h81d at Market Harborough Building Society in both thé 60 day and 7-day notice accounts. Both alxounts are held under dual signatory and are protected by the FSCS. Risk revièw As sufficient funds are held in reser4e. there is no immediate risk. However, cijmmittee will continue to assess the srtuation and art accordingly.
NORTHAMPTON SYMPHONY ORCHESTRA Registered Charrty Number 265052 Paga 4 Report of tho Tru$tsès for the y•ar andod 31 July 2025 Trustse3 Members of the ¢c¥nmitt88. who are trustees forthe purpose of charity law, during the financial year are Set out on pag8 1. Indopondont Examiner5 Brenda P8ers-Ross. who prevK)usly worked at CVS Northamptonsh1 before ils closure in June 2024, is cont'nuing her role independently. and has been appointed to undertake the Independent Examination of Orchestra's accounts during the year, and has expressed willingness to ¢onlinue in that capacty. This report has been ppared in aco)rdance with the Statement of Recommended PTacknce SORP {FRS102) issued 1¥1 October 2019. and th8 Charitie5 Act 2011. Publ1¢ Benofft Statement Northampton Symphony Orchestra promotes classicAI concerts which increase the amount of qualty live classical rnusic concerts in the Northamptonshire area. The Orchestra provides heavily discounted seats for under sixteens to 8ncourage appreciation of orchestral music in the young. Through weekty rehearsals local musicians are provided an opportunity to engage in the art of classical musk perfomianc* by playing in one of the leading amateur orchestras in the UIQ NSO does not provide tuition. Re8pon8lbllltl08 of the trusteeg The main obligation of the committee in preparing the ac¢Lwnts is to give a true and fair view of the Orchestra's incoming resources 8nd applution of resources during the year and of its State of affairs at the erKI of the year. Tho (xjrnmtttee is iesp(msible for maintaining proper accounting records which disclose wtth rea80nable accuracy at any time the financial posltlon of the Orchestra and enable them io ensure that the financial statements cornp with the Statement of Re¢ommend8d Practice Accounting and Reporting by Charities. The committee is also responsible for safeguardirwJ the assets of the Orchestra and hence for taking reasonable Steps for the prevention arKI deteGlion of fraud and other Ionng of abuse. Declaratlon The trustees declare that they have approved the trustees. report and financial statemerrts at a Committee meeting hekl on 3° September 2025. Signed on behalf on the Lx)ard of trustees. Callie Rich chairlUStee
Brenda Pèer8-Ro88 29 Drift Road Selsey Chichester West Sussex P020 OPW Independent Examinerf8 Report to th• Trusto05 of: NORTHAMPTON SYMPHONY ORCHESTRE R8glstsrnd Charfty Number: 265052 Page S I report on the accounts of th8 charity foT Ihe year ended 31Juty 2025. wfiich are set out on pages 6 to 10 of the finanual rep This report is made solety to the Trustees in accordanc wrth Sethon 43(3) ofthe Chantses Act 2011. My work has been undertaken so that I maht state to the Trustees those matters which I am required to state to them in an independerrt examinefs report and for no other purpose. To fullest exlenl permitted by law.. I do not acLept responsibilty to anyone other than the Trustees for my work, for this report. or for the opinK)ns I have fom1. R•sp•ctlv• r•spon#lbllltl•• of tru•ta•• and oxamlner The Charrty'5 Tru¥lees are responsib for the preparation of accounts.. you con8Kler that the audlt requirernent$ of Secth)n 144 {21 of the Chanlie8 Act 2011 (the Act) d088 not apply. It is my responsibility to stale, on the basis of procedures Specif in the General Difections given by the Chanty Commission under se¢tKrf1 156 of the Act, whether particulaf mattern have come to my attention. B••l• of Ind•pond•nt •xamln•e• •tat•ment My examination was carried out in accordance wilh gener81 Direction8 gNen by the Charity Commi88k)n. An examination includes a reviffw of the accounting rècords kept by the charity and a comparison of the account8, presented Vth those record¥. It also Includ con3Kler8tion of any unu8Lsal items or disclosures of th8 accounts and seeking explanatsons from you as trustee& conceming any su¢h matters. The procedures ur%Jertaken do not provide all the evidence that would be required in an audrt, (yjnsequenty no opinion is given as to whether thè accounts present a Yrue and fair ¥V,. and retx)rt is limited lo those matters set out in the statement below. Independ•nt Examln•r'• •latom•nl I have cunpleted my examinatlon. l ¢onfiThn that no matters have c4Jme to my attenti(x).' which gw¥e$ re860nable use to telieve that in any Material respect tr requirements.. to keep %eLwntlng reccrfds In accoan[% with Se(XKJn 130 01 the Act,. to prepare accounts whth accord wth the accounting record8 and to cornpty with the accountsry re¢oryl¥ of the Act have not been met. or in my opinion. attention shoukl t drawm to enable a proFer urwjerstsnding of the accounts to be reached. Brenda Peers-Ross FPAiAT. ACIE 8th Septemter 2025
NORTHAklPTON SYMPHONY (HiCHESTRA Registered Charty No 2e5052 Page 6 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 Unr•¥triGtgd RèitrbCt•d 2025 2024 Income and Endowrn•nts Irom: Donati$ and Legaoes Charitable Aclvttios Investm8nts Other TotAI Income and •ndowm•nts 3.730 33.615 1,279 652 39,276 3,730 33,615 1,279 652 39,276 8.317 31.704 1.317 43 39,381 EXpondIr¢ on: Raising Funds Charitable Activit Other Total ExpondIr0 34.503 34.503 30,958 34.503 34,503 30.958 N•t In¢omd{Exp•ndltur•) 4.773 4.773 8,423 Transfer between fiJnd8 N•t mov•m•nt In fund• 4,773 4,773 8,423 Total fvnds brought foThvard 57,199 57,199 48,778 T¢)lal fvnd• urrlgd forwanl 61,972 61,972 57.199
NORTHAMPTON SYMPHONY ORCHESTRA Registered Charity No. 265052 Pag• 7 BALANCE SHEET AS AT 31 JULY 2025 2025 2024 Curr•nt Asmts Dèbtor Cash at Bank and in Hand 1,144 66.940 68,(184 1,144 66,940 88,084 51 59,040 59.091 Cr•dltorn - Amounts lalllng due wlthln on• ymr 6,112 6.112 8,112 6,112 1,892 1,892 current assets {liabilit*) 61.972 61,972 57.199 Net a5¥ets {Ilabillties> 61,972 61.97 57,199 Total UnMtrlct•d R••trlct•d 31.07.25 Total 31.07.24 Charlty Fund•: Unrestricted Fund8 Restrlcted FuTrJs 61,972 61.972 57,199 61,972 57,199 The financial statements were apprDved by ts Boafd of Trustees on 3rd Septembèr 2025 and and signed on their behaff. Ilie RiGh Chairffru8t•e Notes on pages 8 to 10 fomi part of the financial statements.
NORTHAMPTON SYMPHONY ORCHESTRA Registered Chanty No. 265052 Pag• 8 Noto8 to thè Aecounts ACCOUNTING POLICIES PRINCIPAL ACCOUNTING POLICIES Basis ol preparation The financial statements have been prepared under the hOrical Cost convenb"on. The financial statements have been prepared in accordance with the Stalemenl of Re¢ommended Practice, "Accounting and Reporting by Charitles- and SORP (FRS102) issued on 1st Octcthr 2019. and awlicabbe UK ACcjtIng SKIard a1 Ihe Charities Act 2011 Flxad ABs0ts There are no flxed as$el$. Incomo Income is brought into )Unt on receivable basis in the year in which rt 18 re(xiv8d. Intangibh Incom• Intangible income, in the fom) of donated facilitie8 and voluntary help etc.. is not included in the finanoal statements $ince it is nol considered prath"cabie to quantify such income. Exp•ndltyr• Expendrture is stated inclusive of valu8 add tax, aThJ is brwghl Into OUnt in the year In whlch rt is due. Resour¢e$ expended are altocated to th8 partbcul8r actiwty where the costs relate8 dlredly to Ihe 8¢Vvlty. unMtrlct lund• Unresth'cted funds are donats"on8 and other Incoming r080urce8 re¢Wab cw goneratsd for the objects of the charfty without lurther $irEd purpo¥es and are 45 general funds. Designated funds are unrestn"ct8d fund8 are de8ignated ty the committae for path'cular purposes. R•¥trlct•d fvnd• Restricted funds ale lo be used ftK specfft purposes as lahd d(y*n by Ihe donornurKler. There are TrenIty restricled fund$.
NORTHAMPTON SYIAPHONY ORCHESTRA Registered Charity No. 265052 Poge 9 Noles to the Accounts 2025 2024 Charltsbl• Actlvlti Members Subscription Fundraising Friends ol NSO Tid(et Sales Gift 11,902 470 11,SX)2 470 2,C3 17.233 1,947 33.615 11,328 183 2,065 16.798 1.330 31.7 17.233 1,947 33.615 Charlt•bl• A¢Uvlll•• UnT••trlcted Ro•trictod 2026 2024 Rehearnal costs Printing. mtheting Sol¢J8ts ConduGlorf¥ ¢on¢ert fees Leaders. ¢oncert fees Other concert expenses Sundries, insurance 8tc. Concert hall hwe Mu$lc hire Extra players fee8 Musical in8trument8 tunirvJ et¢ Website Independent èxamination 7,354 1.657 1,950 3.312 1,200 2,912 1,275 7,354 1.657 1.950 3,312 1,200 2,912 1,275 7,986 3,270 2,100 341 729 417 34. 9,544 1.659 2,458 1.120 3.385 599 3,847 1,706 1,060 569 788 359 S8 3.270 2.100 341 729 417 34,503 D•btorn 2026 2024 Other Pre-paid HMRC 1.144 1,144 51 1,144 Cash at bank and In hand Unrn8trklod Ro•tri¢tad 2025 2024 Current A¢xount Market Harborou9h Building Soc Cash in hand 2.934 63,946 60 2.934 63.946 60 3,313 55,6e7 59,040
NORTHAMPTON SYMPHONY ORCHESTRA Registered Charty No. 265052 Pag• 10 Notes to the Accounts Nots Credilors: ainounts falllng duo withln ono yr 2024 Sundry Creditors Accruals (5.754) 1358 6.112 (5,7541 358 6.112 11,592} 300 1,892 2025 6 Unmtrlctsd fund8 Openlng Balanc• Mov•m?nt Movement 01.08.24 Ift Out Closlng Balan Trnn8f•r• 31.07.25 General R88ep 57.199 57,199 39,276 ,27 34,503 61.972 61.972 C(¥np•rth• 2024 Unre8tricted funds OTrIng Balance Ithmt klo¥em8nt 01.08.23 In Out Closing Balance 31,07.24 Transfers General R888Nè 48,776 48.776 39,381 39.381 (30,958) 30,958 57,199 57,199 The trwdtee8 agreed to deslgnate unreslth lund$ lo buikl up 8- 12 months pneral reseryes to cover running Gosts in the event of a snCan* drop in fvnding. 2020 Re•tdGt•d lund8 Oynin9 There are restr1d funds Balance Mov•m•nt knm•nt 01.08.24 1 Out Clo•ing Balance Trar¢6f•rn 31.07,25 Comparative 2024 RliCted funds Opening There are no restricted funds Balan Movement Movoment 01.08 23 In ClosiTrJ Balance Transfers 31.07.24 8 Ultlmats Controlllng Party Northampton Symphony Orchestra is a reglslered thwity Control and managed by the tmslees named in page 1 of the Trustee's Annual Report.