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||Page|
|---|---|
|LegalandAdministrativeinformation|1-2|
|Trustees'Report|3-10|
|Auditor'sReport|11-15|
|StatementofFinancialActivities|16|
|StatementofFinancialPosition|17|
|StatementofCashFlows|18|
|NotestotheAccounts|19-32|





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22 April 2025 



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|||**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**|





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||**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**|



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|Officeequipment|15%straightline|
|---|---|
|Computerequipment|25%straightline|
|Orchestra&theatricalequipment|15%straightline|



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||**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|





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||**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|





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|**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|





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||**Artistic**<br>**Fees**<br>£|**Support**<br>**costs**<br>£|**Marketing**<br>**&**<br>**Publicity**<br>£|**Total**<br>**funds**<br>**2024**<br>£|**Total**<br>**funds**<br>**2023**<br>£|
|---|---|---|---|---|---|
|UKconcerts|251,055|35,818|13,007|299,880|82,438|
|Overseas<br>concerts&tours|3,075,403|518,497|74,087|3,667,987|2,623,129|
|Learning&<br>Participation|39,927|40,716|962|81,605|48,825|
|Recording&<br>commissions|83,049|11,849|2,001|96,899|50,482|
|Self-promoted<br>concerts|254,711|36,340|37,192|328,243|87,959|
||3,704,145|643,220|127,249|4,474,614|2,892,833|





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||fundraisingevents.Staffcostsareallocatedonthebasis<br>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|





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|**TAFFCOSTS**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Wages&salaries|481,019|416,173|
|Socialsecuritycosts|31,739|43,040|
|Otherpensioncosts|13,600|10,646|
||526,358|469,859|



|<br>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|



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||**Office**|**Computer**|**Orchestral**||
|---|---|---|---|---|
||**Equipment**|**Equipment**|**&theatrical**|**Total**|
||||**equipment**||
||**£**|**£**|**£**|**£**|
|**Cost**|||||
|At1September2023|9,137|<br>49,317|16,104|74,558|
|Additions||4,639||4,639|
|Disposals|(9,137)|<br>(42,887)|(3,636)|(55,660)|
|At31August2024||11,069|12,468|23,537|
|**Depreciation**|||||
|At1September2023|9,137|<br>43,987|4,493|57,617|
|Chargefortheyear||2,768|1,870|4,638|
|Eliminatedondisposal|(9,137)|<br>(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|



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|||**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|||



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|**Unrestrictedfunds**|**1September**|<br>**Income**|**Expenditure**|**Transfers**|**31August**|
|---|---|---|---|---|---|
||**2023**||||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|Generalfunds|1,047,362|5,136,578|(4,692,190)||1,491,750|
|Totalunrestricted<br>funds|1,047,362|5,136,578|(4,692,190)|-|1,491,750|





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|**Restrictedfunds**|**1**|**September**|**Income**|**ExpenditureTransfers31August**|
|---|---|---|---|---|
|||**2023**||**2024**|
|Donationsforconcerts<br>projects|||33,333|(33,333)|
|Grantanddonationsfor|||||
|learningandparticipation|||39,511|(39,511)|
|projects|||||
|Donationformarketing<br>expenditure|||17,800|(17,800)|
|Totalrestrictedfunds|||90,644|(90,644)|



|**Unrestrictedfunds**|**1**|**September**|<br>**Income**|**Expenditure**|**Transfers**|**31August**|
|---|---|---|---|---|---|---|
|||**2022**||||**2023**|
|||**£**|**£**|**£**|**£**|**£**|
|Generalfunds||832,540|3,320,585|(3,105,763)||1,047,362|
|Totalunrestricted<br>funds||832,540|3,320,585|(3,105,763)||1,047,362|
|**Restrictedfunds**|**1**|**September**|<br>**Income**|**Expenditure**|**Transfers**|**31August**|
|||**2022**||||**2023**|
|Donationsforconcerts|||||||
|projects|||||||
|Grantanddonationsfor|||||||
|learningandparticipation|||38,578|(38,578)|||
|projects|||||||
|Donationformarketing<br>expenditure|||7,139|(7,139)|||
|Totalrestrictedfunds|||45,717|(45,717)|||





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|**19.**<br>**ANALYSISOFCHANG**|**ESINNETDEBT**|||
|---|---|---|---|
||**At1 Sept2023**|**Cashflows**|**At31Aug2024**|
|Cashatbankandinhand|£564,894|£116,140|£681,034|



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|hetotalfutureminimumleasepaymentsu<br>sfollows:|ndernon-cancellableoperating|leasesare|
|---|---|---|
||**2024**|**2023**|
||£|£|
|Withinoneyear|15,670|2,396|
|Between2and5years|5,726|2,468|
||21,396|4,864|



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