PLYMOUTH SYMPHONY ORCHESTRA Financial Statements for the Year Ended Au ust 31st 2024 Re istered Chari No. 286656 Plymouth Symphony Orchestra- Reglstered Charlty No. 286656 Flnanclal Statements for the Year ended August 312024 CONTENTS Charity Informatlon Report of the Trustees Independent Examlnerfs Report Income and Expendlture Account Balance Sheet Notes to the Financlal Statements Pa8e I Pages 2 to 3 Page 4 Page 5 Page 6 Pages 7 to 9 TrusrEES Diana Darwall Gareth Keene Robert Kellagher Lyndsey Pengelly Tracy Senlor Cathy Smart Alicia Stolliday Rosalind Turner OFFICERS Chairman Secretary Treasurer Membershlp Secretary Friends Secretary Gareth Keene Lyndsey Pengelly Tracy Senior Rosallnd Turner Robert Kellagher CHARITY CORREsPONDA￿r Tracy Senior 18 Oaktree Close Ivybrldge PL219RI INDEPENDEKf EXAMINER Carolyn Haynes 15 Phllip Close, Plymouth PL9 8QZ BANKERS Barclays Bank PLC 14(>146 Armada Way Plymouth PLI ILA Ptymouth Symphony Orchestra Report of the Trustees for the year ended August 312024 The Trustees present thelr report together with the financlal accounts of the Charity for the year ended 31 August 2024. The ￿port is prepared On accordance wlth the Charlty's Constitution and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, and complies wlth applicable law. Governlng Document The Orchestra Is a registered charity govemed by a constitution adopted in 1987, and revlsed In 2022. Objects of the Charlty The promotion, development and maintenance of public educats'on in, and the appreciation of the art and science of orchestral music in all its aspects by the presentstion of public concerts and by such other ways as the Orchestra shall determine. Summary of Actlvltles The Orchestra's autumn Concert in Plymouth featured the young violinist, Charlotte Saluste-Bridoux, in a rnagnifi￿nt perfomance of Vaughan Williams, . 'The Lark Ascending,. The Liskeard Concert this temi featured the Orchestra's very own violinist, Nathan Broomhead. The programme also included 'Crown Imperial, by Walton; 'Majesty' by local composer Clive Jenkins, 'Xadok The Priest, by Handel, Jupiter, from The Planets by Holst and 'Enigma Variations, by Elgar.. The March concerts opened with Copland's 'Appalachian Spring Suite,, followed by 'Pavane pour une infante Defvnte, by Ravel and 'Toccats and Fugue In D Minorf by Bach/Stokowski. The orchestra then displayed the exuberant and dramatic use of the organ with the Saint-saens 'Symphony No 3 (organ symphony),. The 0￿eStra were invited to play as part of Tavistock Festsval this year and enjoyed a similar programme, including the Saint-saens 'Symphony No 3 (organ symphony), and the addition of two pieces by Poulenc and Chaminade with soloist, Samantha Rowe. For the summer concert, the Orchestra were delighted to be joined again by sololst Elin Pritchard (the outstanding slnger from last yearfs 'A Nlght at the Opera, concert) The programme opened with 'Overture to Tannhauserf by Wagner and was followed by the beautiful 'Four Last Songs, by Strauss. The orchestra then played 'Finlandia' by Sibelius and 'Symphony No 5, by Beethoven. The Orchestra, which has approximately 75 members, is an amateur group normally meeting weekly for rehearsals at whlch ft prepares programmes of classlcal music for public performance. Members develop their skills as muslcians and are glven the opportunity to perform music from across the classical repertoire. Members of all ages are welcomed, and the orchestra has some members of more than thity years standing playing alongside students who have joined the orchestra more recently, The only prerequisite Is that they can perform to an appropriate standard As part of its continuing commitment to muslc education, the Orchestra has, In collaboration with the Plymouth Muslc Accord, subsldised free tlckets for children to attend concerts, often providing them with their first experience of live music. It also welcomes small groups of school children to its pr concert rehearsal to offer an insight into the way the orchestra functions. Addltlonal Infomiation The Charity contsnues to seek support for its athitles from its members, Its 'frlends', and through appropnate sponsorship Agreed by the Trustees and slgned on thelr behalf by: Gareth Keene, Chairnian Tracy Senlor Treasurer Ptymouth Symphony Orchestra Indèpendent ExamineV8 Report on the Flnanclal Statements to the Trustees of Ptymouth Symphony Orchestra Based on the Accounts for the year ended August 312024, set out in pages 5 to 9. Respectlve responslbllltles of Trustees and Examlner The Charty's Trustees are responsible for the preparation of the accounts. The Charty Trustees consider that an audit is not required for this year under seth.on 144 (2) of the Charities Act 2011 (the Act) and that an independent examinatson is needed. It is my responsibility to: examine the Accounts (under secbon 145 of the Act); to follow the procedures laid down in the General Directsons given by the Charity Commlsslon (under sethon 145(5)(b) of the Act). and to stste whether parbcular matters have come to my attention. Basls of Independent examinerfs statement My examinatson was camed out in accordan￿ with the General Direcbons given by the Charity Commissioners. An examinab'on includes a review of the accountsng records kept by the Chanty 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 concernlng any such matters. The proCedU￿S undertaken do not provide all the evidence that would be required in an audic and consequently I do not express an audit opinion on the Accounts. Independent examlnerf8 Statement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that In any materlal respect the requirements: a. to keep accounting records in accordance with section130 of the Act, and b. to prepare accounts which accord with the accounting records and compty wlth the accounting requirements of the Act have not been met; and 2. to which, in my opinion, attention should be drawn In order to enable a proper understandlng of the Accounts to be reached, Signed Date aDIS Carolyn Haynes 15 Phllip Close, Plymouth PL9 8QZ Ptymouth Symphony Orchestra Statement of Flnanclal Accounts (Incorporatlng an Income and expendlture account for the year ended August 312024) Totsl Fund8 202312024 Totsl Funds 202212023 Note Incomlng Resources Donations and grants Income from actlvlties for generating funds 11,460 84 22 281.7 10,049.34 1994 Total Income resources 33,742.57 29,990.92 Resources Expended Dlrect charltable expenditure Management and admlnistration of the Charity 27,243 45 711.78 28,605 86 607.14 5&6 Totsl resources expended 27955.23 29,213.02 Net movement of funds 5,787.34 T77.90 Fund balance brought forward 29 050.67 28 272.75 Fund balance carrled forward 34,838.01 29,050.67. All the Charity's funds are unrestrlcted Plymouth Symphony Orchostra Balance Sheot at August 312024 202312024 202212023 Flxed assets (Includlng traller, tlmpanl, staglng & muslc standg At cost Depreclatlon 14,827,77 14 827 77 14,827.77 14 732.81 000 94.96 Long-Temi Investments NS&I Saving Account Barclays Deposrt Account 5,627.85 20,245,30 25,873,15 5,622 62 0.00 5622.62 Totsl Flxed Assets 25,873.15 5717.58 Current assets Debtor8 Cash at bank and In hand Paymonts In advance 0.00 10070 98 898.00 220,00 22,622 29 490.80 10,968,98 23,333.09 Credltorn falllng due withln one year 10 200412 000 2,004.12 Net current assets 8,964.86 23,333.09 Total assets less current Ilabllltle8 34,838.01 29050.67 Represented by: General Reserve SurpluslDeflclt for year 29,050.67 787.34 28272.75 777 Totsl Reserve 34,838.01 29,050.67 Agreed by the Trustee8 and slgned on thelr behalf by: Gareth Keene, Chalrnian Tracy Senlor, Trea8urer Plymouth Symphony Orchestra Notes to the Flnanclal Ststements for the year ended August 312024 Accountlng policle8 Ba818 of accountlng The financlal ststements have been prepared under the historic convention in accordance with best prath.ce as laid down in the 'Statement of Recommended Practice Accounting and Reporting by Chants'es, and applicable accountlng stsndards. Incoming Resources Incoming resources represent the amounts denved from grants and other income falling withln the Charity's athvlts'es. Grants Revenue-based grdnts are credited to the statement of financial actsvities in the year when receNed Glft Ald Income Tax recoverable on donatsons received in the penod which has not yet been received Is accrued for 8t the balance sheet date Investment Income Investment Income is accounted for In the period in which the Chanty is entitled to the receipt. Resources Expended Expenditure In included on an accrual basis, Plymouth Symphony Orchestra Notes to the Flnanclal Ststement for the year ended August 312024 (contlnued) 2 Donatlons and grants 202312024 202212023 Membership subscription8 Frlends" donatlon8 Member3, donations Sponsorshlp Gift-aid tsx refund 6,218 00 1,250 00 939,00 1,550 00 5,917.34 300 00 870 00 1,425 00 1537.00 10,049 34 11,46084 3 Income from actlvlties for generating funds 202312024 202212023 ricket sales Programme sales Advertislng sales Post