| Page | |
|---|---|
| LegalandAdministrativeinformation | 1-2 |
| Trustees'Report | 3-10 |
| Auditor'sReport | 11-15 |
| StatementofFinancialActivities | 16 |
| StatementofFinancialPosition | 17 |
| StatementofCashFlows | 18 |
| NotestotheAccounts | 19-32 |
22 April 2025
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Note | funds | funds | Totalfunds | TotalFunds | |
| 2024 | 2024 | 2024 | 2023 | ||
| Incomeandendowments | |||||
| Donations& Legacies | 3 | 975,548 | 90,644 | 1,066,192 | 540,321 |
| CharitableActivities | 4 | 3,465,784 | - | 3,465,784 | 2,233,496 |
| Othertradingactivities | 5 | 23,943 | 23,943 | 50,067 | |
| Otherincome | 6 | 671,303 | - | 671,303 | 496,701 |
| Totalincome | 5,136,578 | 90,644 | 5,227,222 | 3,320,585 | |
| Expenditure | |||||
| RaisingFunds | 7 | 308,220 | 308,220 | 212,930 | |
| CharitableActivities | 8 | 4,383,970 | 90,644 | 4,474,614 | 2,892,833 |
| TotalExpenditure | 4,692,190 | 90,644 | 4,782,834 | 3,105,763 | |
| NetIncome | 444,388 | - | 444,388 | 214,822 | |
| Netmovementinfunds | 444,388 | 444,388 | 214,822 | ||
| Totalfundsat31August2023 | 1,047,362 | 1,047,362 | 832,540 | ||
| Totalfundsat31August2024 | 1,491,750 | 1,491,750 | 1,047,362 |
| Note | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Fixedassets | |||
| Tangiblefixedassets | 13 | 16,942 | 16,941 |
| Currentassets | |||
| Debtors | 14 | 984,367 | 857,675 |
| Cashatbankandinhand | 681,034 | 564,894 | |
| 1,682,343 | 1,422,569 | ||
| Creditors:Amountsfallingduewithinoneyear | 15 | 190,593 | 392,148 |
| Netcurrentassets | 1,491,750 | 1,030,421 | |
| Netassets | 1,491,750 | 1,047,362 | |
| Fundsforthecharity: | 17,18 | ||
| RestrictedFund | |||
| UnrestrictedFund | 1,491,750 | 1,047,362 |
| 2024 | 2023 | |
|---|---|---|
| Cashflowsfromoperatingactivities | ||
| Netincome | 444,388 | 214,822 |
| Adjustmentsfor: | ||
| Depreciationoftangiblefixedassets | 4,638 | 2,560 |
| Changesin: | ||
| Tradeandotherdebtors | (126,692) | (296,741) |
| Tradeandothercreditors | (201,555) | 121,470 |
| Cashconsumedbyoperations | 120,779 | 42,111 |
| Netcashfromoperatingactivities | 120,779 | 42,111 |
| Cashflowsfrominvestingactivities | ||
| Purchaseoftangibleassets | (4,639) | (17,951) |
| Netcashusedininvestingactivities | (4,639) | (17,951) |
| Netincrease/(decrease)incashandcashequivalents | 116,140 | 24,160 |
| Cashandcashequivalentsatbeginningofyear | 564,894 | 540,734 |
| Cashandcashequivalentsatendofyear | 681,034 | 564,894 |
| Officeequipment | 15%straightline |
|---|---|
| Computerequipment | 25%straightline |
| Orchestra&theatricalequipment | 15%straightline |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| 2024 | 2024 | 2024 | |
| £ | E | £ | |
| Donations | |||
| Trustsandfoundations | 9,910 | 9,910 | |
| Generaldonations | 212,649 | 2,100 | 214,749 |
| DonationsfromAmericanfriends | 755,399 | 755,399 | |
| Sponsorship | 7,500 | - | 7,500 |
| Grants | |||
| Grants | 78,634 | 78,634 | |
| 975,548 | 90,644 | 1,066,192 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Trustsandfoundations | 2,000 | 7,139 | 9,139 |
| Individuals | 180,117 | 180,117 | |
| DonationsfromAmericanfriends | 292,487 | 292,487 | |
| Sponsorship | 20,000 | 20,000 | |
| Grants | |||
| Grants | 38,578 | 38,578 | |
| 494,604 | 45,717 | 540,321 |
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| UKconcerts | 253,399 | 110,200 |
| Overseasconcerts&tours | 3,080,280 | 2,106,047 |
| RecordingsandRoyalties | 132,105 | 17,249 |
| 3,465,784 | 2,233,496 |
| Total | Total | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Fundraisingevents | 23,425 | 36,904 |
| Otherincome | 518 | 13,163 |
| 23,943 | 50,067 |
| therIncome | ||
|---|---|---|
| Total | Total | |
| 2024 | 2023 | |
| £ | £ | |
| OrchestraTaxRelief | 671,303 | 496,701 |
| 671,303 | 496,701 |
| ostofRaisingFunds | ||
|---|---|---|
| Total | Total | |
| 2024 | 2023 | |
| £ | £ | |
| Directcosts | 133,670 | 75,940 |
| Supportcosts | 174,550 | 136,990 |
| 308,220 | 212,930 |
| HARITABLEACTIVITIESEXPE | NDITUREBYFUND | ||
|---|---|---|---|
| Unrestricted | Restricted | Totalfunds | |
| funds | funds | 2024 | |
| £ | £ | £ | |
| UKconcerts | 472,433 | 33,333 | 505,766 |
| Overseasconcerts&tours | 3,075,403 | 3,075,403 | |
| Learning&Participation | 416 | 39,511 | 39,927 |
| Recording&commissions | 83,049 | 83,049 | |
| Supportcosts | 643,220 | 643,220 | |
| Marketing&publicity | 109,449 | 17,800 | 127,249 |
| 4,383,970 | 90,644 | 4,474,614 | |
| Unrestricted | Restricted | Totalfunds | |
| funds | funds | 2023 | |
| £ | £ | £ | |
| UKconcerts | 108,838 | 108,838 | |
| Overseasconcerts&tours | 2,134,071 | 2,134,071 | |
| Learning&Participation | 1,366 | 38,578 | 39,944 |
| Recording&commissions | 41,300 | 41,300 | |
| Supportcosts | 539,898 | 539,898 | |
| Marketing&publicity | 21,643 | 7,139 | 28,782 |
| 2,847,116 | 45,717 | 2,892,833 |
| Artistic Fees £ |
Support costs £ |
Marketing & Publicity £ |
Total funds 2024 £ |
Total funds 2023 £ |
|
|---|---|---|---|---|---|
| UKconcerts | 251,055 | 35,818 | 13,007 | 299,880 | 82,438 |
| Overseas concerts&tours |
3,075,403 | 518,497 | 74,087 | 3,667,987 | 2,623,129 |
| Learning& Participation |
39,927 | 40,716 | 962 | 81,605 | 48,825 |
| Recording& commissions |
83,049 | 11,849 | 2,001 | 96,899 | 50,482 |
| Self-promoted concerts |
254,711 | 36,340 | 37,192 | 328,243 | 87,959 |
| 3,704,145 | 643,220 | 127,249 | 4,474,614 | 2,892,833 |
| fundraisingevents.Staffcostsareallocatedonthebasis incomingreserves. |
oftimespenton | typesof | |
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Staffcosts | 457,047 | 367,322 | |
| Generaloffice | 98,796 | 73,305 | |
| Finance,IT&communications | 22,367 | 24,106 | |
| Depreciation | 4,638 | 2,560 | |
| Exchangegains/losses | 2,397 | 21,196 | |
| Governance(seebelow) | 57,975 | 51,409 | |
| 643,220 | 539,898 | ||
| Governancecosts | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Audit | 11,450 | 11,695 | |
| Legal&professional | 13,191 | 2,353 | |
| Staffcosts | 33,333 | 37,361 | |
| 57,975 | 51,409 | ||
| Allsupportcostsrelatedtounrestrictedexpenditure. | |||
| 10. | NETMOVEMENTINFUNDS | ||
| Thisisstatedaftercharging | 2024 | 2023 | |
| £ | £ | ||
| Auditor'sremuneration | 11,450 | 13,495 | |
| Depreciation | 4,638 | 2,560 | |
| page27 |
| TAFFCOSTS | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages&salaries | 481,019 | 416,173 |
| Socialsecuritycosts | 31,739 | 43,040 |
| Otherpensioncosts | 13,600 | 10,646 |
| 526,358 | 469,859 |
ollows: |
||
|---|---|---|
| 2024 | 2023 | |
| No. | No. | |
| Fundraising | 3 | 2 |
| Governance | 1 | 1 |
| Charitableactivities | 7 | 7 |
| 11 | 10 |
| 2024 | 2023 | ||
|---|---|---|---|
| No. | No. | ||
| £60,000 | to£70,000 | 1 | 0 |
| £70,001 | to£80,000 | 1 | o |
| £80,001 | to£90,000 | o | 0 |
| £90,001 | to£100,000 | 1 | 1 |
| 3 | 1 |
| Office | Computer | Orchestral | ||
|---|---|---|---|---|
| Equipment | Equipment | &theatrical | Total | |
| equipment | ||||
| £ | £ | £ | £ | |
| Cost | ||||
| At1September2023 | 9,137 | 49,317 |
16,104 | 74,558 |
| Additions | 4,639 | 4,639 | ||
| Disposals | (9,137) | (42,887) |
(3,636) | (55,660) |
| At31August2024 | 11,069 | 12,468 | 23,537 | |
| Depreciation | ||||
| At1September2023 | 9,137 | 43,987 |
4,493 | 57,617 |
| Chargefortheyear | 2,768 | 1,870 | 4,638 | |
| Eliminatedondisposal | (9,137) | (42,887) |
(3,636) | (55,660) |
| At31August2024 | 3,868 | 2,727 | 6,594 | |
| Netbookvalue | ||||
| At31August2024 | 7,201 | 9,741 | 16,942 | |
| At31August2023 | 5,330 | 11,611 | 16,941 | |
| EBTORS | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Tradedebtors | 20,137 | 111,211 | ||
| Prepaymentsandaccrued | income | 55,469 | 80,423 | |
| Otherdebtors | 908,761 | 666,041 | ||
| 984,367 | 857,675 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Tradecreditors | 83,146 | 83,183 | |
| Accrualsanddeferredincome | 72,219 | 245,375 | |
| Socialsecurityandothertaxes | 19,383 | 9,212 | |
| Othercreditors | 15,845 | 54,378 | |
| 190,593 | 392,148 | ||
| Deferredincome: | |||
| Broughtforward | £201,155 | ||
| Incomereleasedintheyear | £201,155 | ||
| Incomedeferredintheyear | £20,883 | ||
| Carriedforward | £20,883 |
| Unrestrictedfunds | 1September | Income |
Expenditure | Transfers | 31August |
|---|---|---|---|---|---|
| 2023 | 2024 | ||||
| £ | £ | £ | £ | £ | |
| Generalfunds | 1,047,362 | 5,136,578 | (4,692,190) | 1,491,750 | |
| Totalunrestricted funds |
1,047,362 | 5,136,578 | (4,692,190) | - | 1,491,750 |
| Restrictedfunds | 1 | September | Income | ExpenditureTransfers31August |
|---|---|---|---|---|
| 2023 | 2024 | |||
| Donationsforconcerts projects |
33,333 | (33,333) | ||
| Grantanddonationsfor | ||||
| learningandparticipation | 39,511 | (39,511) | ||
| projects | ||||
| Donationformarketing expenditure |
17,800 | (17,800) | ||
| Totalrestrictedfunds | 90,644 | (90,644) |
| Unrestrictedfunds | 1 | September | Income |
Expenditure | Transfers | 31August |
|---|---|---|---|---|---|---|
| 2022 | 2023 | |||||
| £ | £ | £ | £ | £ | ||
| Generalfunds | 832,540 | 3,320,585 | (3,105,763) | 1,047,362 | ||
| Totalunrestricted funds |
832,540 | 3,320,585 | (3,105,763) | 1,047,362 | ||
| Restrictedfunds | 1 | September | Income |
Expenditure | Transfers | 31August |
| 2022 | 2023 | |||||
| Donationsforconcerts | ||||||
| projects | ||||||
| Grantanddonationsfor | ||||||
| learningandparticipation | 38,578 | (38,578) | ||||
| projects | ||||||
| Donationformarketing expenditure |
7,139 | (7,139) | ||||
| Totalrestrictedfunds | 45,717 | (45,717) |
| 19. ANALYSISOFCHANG |
ESINNETDEBT | ||
|---|---|---|---|
| At1 Sept2023 | Cashflows | At31Aug2024 | |
| Cashatbankandinhand | £564,894 | £116,140 | £681,034 |
| hetotalfutureminimumleasepaymentsu sfollows: |
ndernon-cancellableoperating | leasesare |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Withinoneyear | 15,670 | 2,396 |
| Between2and5years | 5,726 | 2,468 |
| 21,396 | 4,864 |