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2022-03-31-accounts

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

Charity Number 291046 Company Number 01879552

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Directors present their annual report with the financial statements of the company for the year ended 31 March 2022. The Directors of the company are its trustees for the purpose of Charity Law, but throughout this report are referred to as directors.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities Statement of Recommended Practice applicable to Charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective 1[st] January 2019.

CHAIR’S REPORT

I am pleased to present the annual report for 2021/22.

We were all delighted that the orchestra has been able to resume live performances to large audiences and that major events in our annual calendar such as the Hannell’s Darley Park concert in conjunction with BBC Radio Derby and our New Year’s Eve concert at the Royal Concert Hall in Nottingham, could take place during the year.

We were also able to resume in person projects and educational activities, with workshops and engagements taking place across the country. This represented strong demand for these activities and continued collaboration with local authorities and partners such as Orchestras Live.

However, Covid-19 and its wider economic consequence continues to have an adverse impact on the orchestra and the cultural sector. It is still proving difficult to achieve pre-pandemic levels of audience attendance, resulting in engagement opportunities being more limited and continued financial challenges.

Through a combination of fiscal discipline and continued generous support, especially from Arts Council England, Derby City Council, Rolls-Royce plc and the Culture Recovery Fund, Sinfonia Viva was able to report a financial performance inline with its planned operating budget. Unrestricted reserves, at the end of the financial year increased to £191,291 (including fixed assets of £33,310).

We were also delighted to welcome our new Chief Executive to the orchestra during the year. Lucy Galliard joined in January 2022 and brings a wealth of experience and knowledge to the organisation. Lucy, together with the management team, will now develop the business plan that will guide Sinfonia Viva through the next three years.

I am very grateful to my fellow Trustees, our musicians, supporters and the entire management team for their personal contribution to the continued success of Sinfonia Viva.

Tony Davis Chair of Trustees

Page 1

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OUR OBJECTS AND ACTIVITIES

The objects of the company in the year under review were as defined by its Memorandum and charity registration instrument to promote and advance education of the public by encouragement of the arts in general and, in particular the art of music. The Directors are satisfied that these aims are being achieved.

To achieve its objects, the company's principal activities are the maintenance and management of the orchestra; the promotion of concerts by the orchestra both on its own account and in conjunction with local promoters and the presentation of education and other projects.

The Board of Directors, which met five times during the year, has overall responsibility for the company’s affairs. The Chief Executive reports to the Board and is responsible for the operational management of the company and leadership of staff. Sub-committees of the Board consider detailed issues and the Directors who are members of these sub-committees are indicated on page 8. During the year, there were no material changes in the policies pursued by the company.

The company is a registered charitable company, limited by guarantee and not having a share capital.

Sinfonia Viva is a charity providing orchestral performances, educational and creative music projects and performances in, with and for local communities. Founded in 1982, Sinfonia Viva has established a national reputation as a leader in creative music activity in the UK, and remains the only professional orchestra based within, and working throughout, the East Midlands. Sinfonia Viva:

Sinfonia Viva prides itself on its collaborative approach and partnership working, ensuring that our audiences and participants are at the centre of all our activity regardless of their backgrounds, abilities or musical experience. The organisation is committed to better representing the communities it serves, at an operational level, but also through our performances and project activity. We are committed to achieving a 50/50 gender balance across the organisation and are championing the work of individuals who are currently underrepresented within the orchestral sector, particularly women and people of colour as composers, conductors, and soloists.

Viva’s activities are underpinned by a core value system:

Page 2

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

PUBLIC BENEFIT

As stated above the objects of the company are to promote and advance education of the public by encouragement of the arts in general and in particular the art of music.

Community and Educational Activity between April 2021 – March 2022:

Attendances at sessions by grouping (some people fall into more than one group):

These formal and informal learning attendances of 5,638 during the year are broken down by age as follows: Early Years (0-5 years) 0 attendances Key Stage 1 (5- 7 years) 90 attendances Key Stage 2 (8-11 years) 2,278 attendances Key Stage 3 (12-14 years) 265 attendances Key Stage 4 (15-16 years) 206 attendances Key Stage 5 (17-18 years) 221 attendances 0-19 mixed ages 1,450 attendances Adult 20+ 1,128 attendances

The orchestra was able to resume live performances for audiences during the year and continued to provide a digital output for those audience members who felt unable to return to live concerts due to the ongoing risk relating to Covid-19. Across the year almost 14,000 people experienced our work as audience members, through 20 live concerts and 11 digital and online performances. It employed 146 individual musicians (136 orchestral musicians, and 10 conductors, creative project leader and soloists), delivering over 20 orchestral performances and 332 project sessions.

The Directors confirm that they have complied with their duties under Section 17 of the Charities Act 2011 with regard to Public benefit.

ACHIEVEMENTS AND PERFORMANCE 2021/22

The Directors were pleased that despite the ongoing challenges caused by the Covid-19 pandemic, particularly during the first quarter of the year, the company was still able to produce a wide range of charitable activities during the year. All projects and activity which had been planned for the year were delivered., Some activities did require an element of redesign, moving to a hybrid or online approach, to ensure that participants were able to take part in a way that best met their needs and circumstances. The orchestra worked closely with funding partners to ensure any activities which needed to be adapted were still fulfilling their stated aims and ambitions, as well as meeting their funding requirements.

From the summer of 2021 we were able to resume a more usual programme of activity, both in terms of our community activity and our orchestral work. August saw the return of our annual open-air performance in Derby’s Darley Park, and in December we were able to return to the Royal Concert Hall Nottingham to present our traditional New Year’s Eve Concert. This was delivered at a particularly challenging time due to the rise of the omicron variant, and while this impacted upon audience numbers – down by around 40% on an average year – it was an important event in terms of the orchestra’s return to live performance. We were also able to resume our family concert offer from the autumn, with a highly successful produced performance of Paddington’s First Concert in Derby.

From the autumn of 2021 our employees began to adopt a hybrid model of working between the office and home. This approach has been formalised since the start of 2022, with all employees working an average of 2 days per week in the office and continues to meet the needs of the business as well as providing employees with an improved work life balance.

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VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

Projects that were delivered during the year included;

ExtraOrdinary Arts Projects A series of projects designed in partnership with Orchestras Live and local authority partners in Babergh, Broadland, Basildon, Essex and South Holland. The project included creating and sharing a work pack including music, writing and art activities inspired by finding the extraordinary in the ordinary. The projects all involved workshops with communities in each of the areas, with a specific focus on older and the most isolated people.

School of BaROCK Digital workshops and a live performance in conjunction with Classically Yours, East Riding of Yorkshire Council and Orchestras Live, that involved new works created by and performed with three schools around Bridlington.

Uprising A training and development programme led by Music Education Hubs East Midlands with the aim of improving the quality, depth and breadth of music provision for disabled and learning-disabled young people. Through this programme Marianne Barraclough interviewed musicians Jess Fisher and Georgina Spray about their experiences of music education and inclusive ensembles.

Page 4

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

Deep Roots Tall Trees

A live creative song writing project with Deep Roots Tall Trees choir in Corby, following the success of our online collaboration in 2020-21. A new song ‘One Step at a Time’ was created by the choir supported by Sinfonia Viva.

Financially the Company did not have to use its unrestricted reserves to support delivery of charitable objectives during the year, however the wider operating environment remains extremely challenging as a result of the pandemic. Directors are pleased that underlying demand for the Orchestra’s project and produced work remains strong.

Sophie Rosa continues to provide inspirational leadership as the orchestra’s Leader and continues to act as an artistic advisor to the orchestra, contributing repertoire suggestions and programmes for both online and live performances. Sophie has provided outstanding performances within chamber and orchestral concerts and recordings throughout the year.

In January 2022 Lucy Galliard, formerly Director of Learning and Engagement at the City of Birmingham Symphony Orchestra, joined the organisation as Chief Executive.

The Chief Executive sits as a Trustee on the Board of Accessible Arts and Media, the Deputy Chief Executive – Operations, sits as a Trustee on the Board of Music for Everyone and also acts as its treasurer, and the Deputy Chief Executive – Programme, is Chair of the Tom Dale Company Board and Chair of Governors at Tower View Primary School.

The Directors were pleased to report that despite the challenges faced during the year, key artistic indicators in terms of performances and creative projects were met.

The principal funding sources during the year were core and discretionary grants from Arts Council England, used both as core funding and to support activity, and Derby City Council. Additional support was secured from Arts Council England’s Cultural Recovery Fund and Derby City Council’s Additional Restrictions Grant to support the organisation through the ongoing challenges of the Covid-19 pandemic. Sinfonia Viva is also supported by an on-going sponsorship arrangement with Rolls-Royce plc plus other grants and sponsorship donations as detailed in the notes to the accounts, plus income generated by the Charity from engagements, ticket sales and education projects.

On-going activities were significantly assisted through support from the Garfield Weston Foundation, a grant received in 2020/21 but used within the 2021/22 financial year.

FINANCIAL REVIEW

The accumulated unrestricted income fund at 31 March 2022 amounted to £191,291 this includes fixed assets of £33,310. The accumulated restricted income fund at 31 March 2022 amounted to £59,846.

INVESTMENT

The Orchestra operates a deposit account with its bankers and cash not required for day to day payments is invested in this deposit account until required to fund the charity’s activities. In the 2021/22 financial year, the deposit account realised £6 in interest. In April 2022 a second account was opened with the Monmouthshire Building Society with an initial deposit of £50,000. This account also enables the company to reduce risk with deposit funds now held in two separate financial organisations.

The finance system is managed by an independent accountancy company which reports to the Chief Executive. The Chief Executive reports on all finance management issues to Finance and General Purpose sub-committee which in turn reports to the Board.

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VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

RESERVES POLICY

The Directors have reviewed the reserves policy in the light of the main risks to the charity. The Directors accept that these risks are variable and are also influenced by external factors. The Directors have determined that the charity should plan to hold free reserves representing at least three months operating expenses and sufficient reserves to cover potential redundancy pay liabilities. This would allow the charity time to find new funding for its charitable activities in the event of current sources ending or, if necessary, enable the charity to cease trading in a timely and prudent manner. To this end the Directors have established that as a general policy the free reserves should fall between £25,500 and £53,500 at any one time. The Directors have considered the current operating climate and concluded £53,500 to be an appropriate level of reserves for the coming year. Unrestricted reserves at the end of March 2022 were £191,291 including fixed assets of £33,310.

USE OF RESERVES

The Directors agreed that up to £2,872 of the unrestricted reserves could be used to fund activity to support its charitable aims and objectives in 2021/22.

PLANS FOR THE FUTURE

The Directors are aware that the challenging operating environment that has existed for the last two years, continues to create difficulties for the Company and the wider cultural sector. The orchestra adopted a four-year business plan at the beginning of April 2018, which was updated at the beginning of the 2019/20 financial year and again during the 2020/21 financial year. This resulted in the orchestra adapting its activities and considerable effort went into maintaining financial resilience during an unprecedented period of disruption and uncertainty. A new three-year business plan is being developed for the period 2023-2026, this covers the same period as Sinfonia Viva’s confirmed National Portfolio Funding from Arts Council England.

The ongoing impact of the Covid-19 pandemic, and more recently the cost of living crisis, present various external challenges for the organisation. However, the Company is well positioned to develop its broad programme of work as demand for our educational and community projects in particular remains high, not least because of the benefits to participant’s wellbeing as a direct result of engagement. Our focus for community work over the coming years will be on children and young people, including those with special educational needs, older people, including those living with dementia, carers, refugees and asylum seekers, in addition to further developing our concert offer for families.

As concert halls and other venues return to live performance, the orchestra will re-establish its presence across the East Midlands region, including seeking to secure residencies in key locations and venues, and build its artistic reputation and identity as an ensemble. Working closely with local promoters and partners to develop performances and programmes which meet the interests of local communities and audiences, as well as fulfilling Sinfonia Viva’s own artistic ambitions. We will deliver concerts which redress the underrepresentation of specific groups within the orchestral sector through creative programming, and will champion emerging talented conductors, soloists, and composers within our concerts.

Over the coming year we will also use our expertise in both concert delivery and community projects to develop inclusive offers for local and regional festivals, venues, and promoters, supporting them to meet their own aspirations to further engage the local community, and contributing to audience development strategies. We will also continue to explore creative collaborations, including those with museum and heritage partners, individual artists, and other art forms, to further develop our relevance to local communities.

GOING CONCERN

The Directors are fully aware of the wider economic uncertainty in the country caused by the pandemic and current cost of living crisis and will continue to exercise effective control on all financial matters relating to the company.

The orchestra receives much of its core income from Arts Council England (ACE). Arts Council England has confirmed funding at a level of £195,642, for the financial year ending 31st March 2023. Sinfonia Viva will remain as a National Portfolio Organisation for the period 2023/24 to 2025/26 continuing to receive £195,642 per year.

Page 6

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

Within 2021/22 Sinfonia Viva maintained positive and active engagement with key funding partners, Rolls-Royce PLC, and Derby City Council. This year represented the final year of existing funding agreements with both organisations, however, a further year of funding from Derby City Council for 2022/23 is confirmed at the previous level of £10,000, and a new three year partnership agreement has been confirmed by Rolls-Royce PLC at an increased level of £25,000 per year from 2022/23 to 2024/25.

As a consequence, the Directors are confident that the Orchestra has sufficient resources for the next twelve months and on this basis the Accounts have been prepared on a going concern basis.

L EGAL AND ADMINISTRATIVE DETAILS

Details of the registered office, Directors, principal officers and other relevant information below. The governing document of the company is its Memorandum and Articles of Association, incorporated on 22 January 1985, amended 23 September 1999, 1 October 2008, 3 July 2019 and 4 November 2021.

Page 7

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

The Directors/Trustees shown below have held office during the year ended 31 March 2022 and to the date of this report.

DIRECTORS/TRUSTEES:

~ Member of the Artistic Development Sub-committee.

PATRONS: CHIEF EXECUTIVE: PRINCIPAL OFFICE:

TRADING NAME: WEBSITE: REGISTERED OFFICE:

Kanneh- Mason Family

Mr P Helps MBE (until April 2021) Ms L Galliard (From January 2022)

Unit 11 Robinson Industrial Estate Shaftesbury Street Derby DE23 8NL Sinfonia Viva

www.sinfoniaviva.co.uk 22-26 Nottingham Road Stapleford Nottingham NG9 8AA

COMPANY REGISTERED NUMBER: 01879552 CHARITY NUMBER: 291046 BANKERS: Barclays Bank PLC 17 Plains Road Mapperley Nottingham NG3 5LG INDEPENDENT EXAMINER: A P Morris FCA Dains Audit Ltd St Johns Court Wiltell Road Lichfield Staffordshire WS14 9DS

Page 8

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Viva Chamber Orchestra Ltd is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission. It was incorporated on 22 January 1985 and registered as a charity on 14 February 1985. The Memorandum and Articles of Association were last amended on 4 November 2021 to introduce fixed terms of office for Directors.

Appointment of Trustees

The Board of Trustees requires breadth and depth of experience to carry out its duties effectively and efficiently. The company is also committed to ensuring trustees are representative of the communities that we serve and wider society. When recruiting new trustees an important attribute is a passion for the work of the orchestra and a commitment to the company’s values. Derby City Council, with whom we work in partnership, make up to two appointments to the Board.

The board plans to recruit two additional members over the next 12 months to further strengthen its composition. The trustee roles will be advertised widely and by working closely with local and national partners we aim to attract the most diverse pool of candidates possible. All applicants with the appropriate skills and expertise will be invited to an interview, and the successful applicants will be invited to join the Board.

In accordance with the Articles of Association, all trustees appointed since the last Annual General Meeting and any other Trustee who has completed their appointed term must retire at the Annual General Meeting. In accordance with these provisions, Mr Anthony Davis will retire at the forthcoming Annual General Meeting and is eligible for re-election for one further term of three years.

TRUSTEE INDUCTION AND TRAINING

Trustees also act as Directors of the Charity.

All new Directors meet with the Chair and Chief Executive before being appointed at which time all aspects of the charity are discussed, the role of the trustee within the management of the organisation explained and the procedure for decision making outlined. Prospective Directors attend a Board meeting as an observer before officially being appointed. This allows them to meet prospective colleagues, discover how the company is performing against its business plan and ask any questions. In addition, the new trustee has the opportunity to meet the management team and player representatives.

On their appointment to the Board, trustees receive an Induction Pack, which provides them with a thorough introduction to the organisation, and their roles and responsibilities as a Trustee and Director, as well as other contextual information including the roles of Board Committees, external relationships, the current business plan and budget, inclusion and relevance plan and safeguarding policy and procedures.

RELATED PARTIES

Rolls-Royce plc continued its support of the Orchestra during the year. This was complemented by support from Warrick Matthews as a Director and Chair of the Board’s Finance and General Purpose sub-Committee. Carl Muldal, a Rolls-Royce employee, remained a Director and was a member of the Fundraising and Finance and General Purposes sub-committees. This long-term relationship reflects the company’s commitment to supporting the arts and the communities in which it operates. In addition, it recognises the orchestra’s contribution to delivering Rolls-Royce’s STEM outreach commitment and the engagement & development of its people. Derby City Council provided continued support and as a partner is entitled to appoint two Directors. Cllr Dr S Willoughby, and Cllr M Repton, the latter attending board meetings as an observer, stood down in May 2022, and were replaced as Directors by Cllr E Lonsdale and Cllr J Smales,

Page 9

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

PAY POLICY FOR SENIOR STAFF

The Chief Executive Officer and the two Deputy Chief Executives (programme and operations) comprise the senior management personnel. The pay structure and policy for the senior management are presented to the Finance and General Purpose sub-committee annually for approval. A number of criteria are used in setting pay including:

Page 10

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

RISK MANAGEMENT

The Directors have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced, so that the necessary steps can be taken to mitigate these risks.

The Directors are fully aware of the uncertain public funding position and wider economic situation. Budgets for future years have been reviewed in light of this and the management team continues to explore alternative models as a way of supporting the Orchestra’s core work.

STATEMENT OF DIRECTORS'/TRUSTEES’ RESPONSIBILITIES

The Directors are responsible for preparing financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the Statement of Financial Activities of the company for that period. In preparing those financial statements, the Directors are required to:

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and henceforth taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of the Companies Act 2006 relating to Small Companies.

MEMBERS OF THE BOARD OF TRUSTEES

Members of the Board of Trustees, who are Directors for the purpose of the company law and Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 7.

Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2022 was 17 (2021: 13).

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities.

Approved by the Board of Trustees on 9[th ] November 2022 and signed on its behalf by:

Mr A Davis (Chair of Trustees)

Page 11

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF VIVA CHAMBER ORCHESTRA LIMITED (“the Company”)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 which are set out on pages 13 to 26.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner’s statement

Since the Company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A P Morris FCA of Dains Audit Ltd St Johns Court Wiltell Road Lichfield Staffordshire WS14 9DS

Date: 9[th] November 2022

Page 12

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee (Company registration number 01879552)

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

FOR THE YEAR ENDED 31 MARCH 2022

INCOME
Donations & Legacies
Income from
Charitable Activities
Investment Income
Other Income
TOTAL INCOME
EXPENDITURE
Costs of Raising Funds
Expenditure on
Charitable Activities
Other Support Costs
TOTAL EXPENDITURE
NET INCOME /
EXPENDITURE
Orchestra Tax Relief
Net Movement in Funds
Transfer Between Funds
Reconciliation of Funds
Total Funds
Brought Forward
Total Funds
Carried Forward		 Notes
2
3
4
5
6
6
6
12
12
11		 Unrestricted
Restricted
Unrestricted
Restricted
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
4,534
10,232
14,766
41,247
174,198
215,445
354,874
135,218
490,092
339,468
109,706
449,174
6
-
6
22
-
22
16,193
-
16,193
30,429
-
30,429		 Unrestricted
Restricted
Unrestricted
Restricted
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
4,534
10,232
14,766
41,247
174,198
215,445
354,874
135,218
490,092
339,468
109,706
449,174
6
-
6
22
-
22
16,193
-
16,193
30,429
-
30,429		 Unrestricted
Restricted
Unrestricted
Restricted
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
4,534
10,232
14,766
41,247
174,198
215,445
354,874
135,218
490,092
339,468
109,706
449,174
6
-
6
22
-
22
16,193
-
16,193
30,429
-
30,429		 Unrestricted
Restricted
Unrestricted
Restricted
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
4,534
10,232
14,766
41,247
174,198
215,445
354,874
135,218
490,092
339,468
109,706
449,174
6
-
6
22
-
22
16,193
-
16,193
30,429
-
30,429		 Unrestricted
Restricted
Unrestricted
Restricted
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
4,534
10,232
14,766
41,247
174,198
215,445
354,874
135,218
490,092
339,468
109,706
449,174
6
-
6
22
-
22
16,193
-
16,193
30,429
-
30,429
375,607 145,450
521,057		 411,166 283,904
695,070
38,804
188,566
127,551		 -
38,804
307,933
496,499
5,850
133,401		 35,701
184,830
131,109		 -
35,701
172,653
357,483
3,250
134,359
354,921 313,783
668,704		 351,640 175,903
527,543
20,686
(168,333)
(147,647)
37,517
-
37,517		 59,526
-		 108,001
167,527
-
-
58,203
(168,333)
(110,130)
(12,606)
12,606
-
145,694
215,573
361,267		 59,526
-
86,168		 108,001
167,527
-
-
107,572
193,740
191,291
59,846
251,137		 145,694 215,573
361,267

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

The notes form part of these financial statements

Page 13

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee (Company registration number 01879552)

BALANCE SHEET AS AT 31 MARCH 2022

FIXED ASSETS:
Tangible assets
CURRENT ASSETS:
Debtors
Cash at Bank and In Hand
CURRENT LIABILITIES
Creditors:
Amounts falling due within one year
NET CURRENT ASSETS
NET ASSETS
The funds of the charity
Restricted income funds
Unrestricted income funds:
General
Total charity funds		 Notes
8
9
10
11
11		 2022
£
£
33,310
33,310
75,598
198,540
274,138
56,311
217,827
251,137
59,846
191,291
251,137
251,137		 2021
£
£
34,527
34,527
100,619
335,685
436,304
109,564
326,740
361,267
215,573
145,694
361,267
361,267		 2021
£
£
34,527
34,527
100,619
335,685
436,304
109,564
326,740
361,267
215,573
145,694
361,267
361,267
34,527
326,740
361,267
361,267
361,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ending 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:-

These financial statements have been prepared in accordance with the Special Provisions of Part 15 of the Companies Act 2006 relating to small entities.

ON BEHALF OF THE BOARD/TRUSTEES:

…........................................................................... ………………………………………………… Mr A Davis – Director/Trustee Mr W N Matthews – Director/Trustee

Approved by the Board/Trustees on:9[th] November 2022

The notes form part of these financial statements

Page 14

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee (Company registration number 01879552)

CASH FLOW STATEMENT AS AT 31 MARCH 2022

Net Cash Flow from Operating Activities
Returns on Investments:
Interest Received
Additions to Fixed Assets
Taxation
Net Cash Inflow/(Outflow)
(Decrease)/Increase in Cash in the Year
Net Cash Resources at 1 April 2021
Net Cash Resources at 31 March 2022		 Notes
19		 2022
£
(130,695)
6
(130,689)
(6,456)
-
(6,456)
(137,145)
(137,145)
335,685
198,540		 2021
£
236,815
22
236,837
(38,363)
-
(38.363)
198,474
198,474
137,211
335,685

Page 15

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.

Basis of Preparation

The financial statements have been prepared in accordance with the Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1[st] January 2019) – (Charities SORP (FRS102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The Charity meets the definition of a public benefit entity under FRS102.

The accounts are prepared on a going concern basis. If at any time in the future, Arts Council England were to withdraw funding then the ability of the charity to continue as a going concern could be threatened.

The financial statements are presented in sterling (£).

The principal accounting policies adopted in the preparation of the financial statements are as follows:-

Going Concern

The Directors are fully aware of the wider economic uncertainty in the country caused by the pandemic and current cost of living crisis and will continue to exercise effective control on all financial matters relating to the company.

The orchestra receives much of its core income from Arts Council England (ACE). Arts Council England has confirmed funding at a level of £195,642, for the financial year ending 31st March 2023. Sinfonia Viva will remain as a National Portfolio Organisation for the period 2023/24 to 2025/26 continuing to receive £195,642 per year.

Within 2021/22 Sinfonia Viva maintained positive and active engagement with key funding partners, Rolls-Royce PLC, and Derby City Council. This year represented the final year of existing funding agreements with both organisations, however, a further year of funding from Derby City Council for 2022/23 is confirmed at the previous level of £10,000, and a new three year partnership agreement has been confirmed by Rolls-Royce PLC at an increased level of £25,000 per year from 2022/23 to 2024/25.

As a consequence, the Directors are confident that the Orchestra has sufficient resources for the next twelve months and on this basis the Accounts have been prepared on a going concern basis.

Page 16

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

Fund Accounting

Income

Income represents income from performances and sponsorship thereof, (excluding value added tax), plus grants from public bodies and donations.

Core funding from public bodies is allocated to the year for which it is granted. Sponsorship of, and donations towards specific performances and projects are allocated to the period in which the events occur. Where donors do not specify to which performance donations and grants given to the Charity should be allocated, this income is included in income when receivable.

Interest Receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure and Irrecoverable VAT

Expenditure is included in the Statement of Financial Activities on an accruals basis, excluding recoverable VAT.

Expenditure relating to specific performances and projects are allocated to the period in which the events occur.

Donated Services and Facilities

Donated services or facilities are recognised as income when the charity has control over the item, any condition associated with the donated item have been met, the receipt of the economic benefit from use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt.

Page 17

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

Tangible Fixed Assets

Prior to 1[st] April 2020, capital additions of equipment were written off to the Income and Expenditure Account in the year of acquisition and there was therefore no charge for depreciation. The normal requirement would be for capitalisation of office equipment and for depreciation to be charged thereon. This position cannot be easily quantified due to the mixture of purchased, funded, partly funded and donated equipment. Thus for clarity, this policy has been adopted to give a true and fair view.

When assets were transferred in 2021 from Sinfonia Viva Events Ltd, they were capitalised and are being depreciated. The assets comprise of office furniture, office equipment, computers, printers and a vehicle. The fixed assets are insured for a total of £27300.

Leasehold Improvements – 20% - straight line from 1 September 2015 – now fully written off Equipment - 20% straight line Vehicle - 20% straight line Computer Equipment -pro-rated from date of purchase at 33.33% straight line.

Debtors

Debtors are recognised at the settlement amount owed to the Charity or prepaid.

Creditors

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Financial Instruments

The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

The charitable activities of the company are not subject to taxation.

A government initiative, ‘Orchestra Tax Relief’ gives rise to a claim for Corporation Tax Relief to £37,517 (2021:£NIL)

Status of Company

The company is limited by guarantee and in the event of it being wound up, every member is liable to contribute a sum not exceeding £10. There are no shares of any class either authorised or allotted.

Pensions

The company operates a defined contributions pension scheme. Contributions payable to the company’s pension scheme are charged in the period in which they relate.

Judgements and Key Sources of Estimation Uncertainty

The preparation of accounts using generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and labilities at the date of the accounts and the reported amounts of revenues and expenses during the reporting period.

The key estimates and assumptions used in the Financial Statements are detailed in the accounting policies.

Page 18

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

2.
DONATIONS AND LEGACIES
BBC Children in Need
The Bergne-Coupland Charity
Tom Carey Fund –Renewable Energy
Charity club donations (net of Gift Aid)
Gift Aid recoverable
Other donations/income
Garfield Weston Foundation
Lincolnshire Music Services
Sinfonia VIVA Events Ltd (note 15)
3.
INCOME FROM CHARITABLE
ACTIVITIES
Grants from public bodies
Arts Council England - Core fund
- Culture Recovery Fund
Derby City Council – COVID Support
Derby City Council
Derbyshire County Council
Sponsorship
Rolls-Royce
Engagements, ticket sales and education
projects (includes Orchestra Live)
4.
INVESTMENT INCOME
Deposit Account Interest
5.
OTHER INCOME
HMRC JRS Grant
Rental Income for property
sublet to subsidiary company
Equipment Hire		 Unrestricted
£
-
-
-
2,250
615
1,669
-
-
-		 Restricted
£
9,939
-
-
-
-
-
-
293
-		 Total
2022
£
9,939
-
-
2,250
615
1,669
-
293
-		 Total
2022
£
9,939
-
-
2,250
615
1,669
-
293
-		 Total
2021
£
37,767
1,000
5,000
2,500
1,191
4,277
100,000
825
62,885
215,445
Total
2021
£
193,664
74,101
32,000
10,000
7,140		 Total
2021
£
37,767
1,000
5,000
2,500
1,191
4,277
100,000
825
62,885
215,445
Total
2021
£
193,664
74,101
32,000
10,000
7,140
4,534 10,232 14,766

Unrestricted
£
195,642
-
25,000

10,000
-		 Restricted
£
-
36,000
-
-
-		 Total
2022
£
195,642
36,000
25,000
10,000
-
230,642
15,000		 36,000
-		 266,642
15,000		 316,905
15,000
15,000
109,232		 -
99,218		 15,000
208,450		 15,000
117,269
354,874 135,218 490,092 449,174
6 - 6 22
-
-
16,193		 -
-
-		 -
-
16,193		 27,504
2,925
-
16,193 - 16,193 30,429

Page 19

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

6.
COST OF RAISING FUNDS
Staff costs (see note 7)
Fundraising expenses
Development costs core activity
Expenditure on Charitable Activities
Musicians, soloists, conductors and
engagement costs
Venue hire
Music hire and licences
Staff costs (see note 7)
Insurance
Office costs
Vehicle costs
Public Relations and Marketing Costs
Irrecoverable VAT
Other Support Costs
Bank charges
Staff costs (see note 7)
Insurance
Payroll and Accountancy services
Independent Examination Fees
Rent, rates, insurance, light and heat
Office costs
Vehicle costs
Public relations and marketing costs
Irrecoverable VAT
Outsourced financial management
Depreciation
Legal and Professional Fees		 Unrestricted
£
34,933
2,054
1,817		 Restricted
£
-
-
-		 Total
2022
£
34,933
2,054
1,817		 Total
2021
£
35,372
329
-
38,804 - 38,804 35,701
31,608
22,349
20,744
89,585
1,617
12,592
1,613
7,297
1,161		 273,421
-
-
34,512
-
-
-
-
-		 305,029
22,349
20,744
124,097
1,617
12,592
1,613
7,297
1,161		 223,137
2,092
9,685
105,667
1,152
11,751
661
1,905
1,433
188,566 307,933 496,499 357,483
255
75,937
7,896
3,810
1,375
6,480
5,997
806
1,200
582
15,540
7,673
-		 -
-
-
-
-
5,850
-
-
-
-
-
-
-		 255
75,937
7,896
3,810
1,375
12,330
5,997
806
1,200
582
15,540
7,673
-		 229
80,131
5,622
4,434
1,250
11,966
5,841
330
1,200
716
15,725
6,315
600
127,551 5,850 133,401 134,359
7. OPERATING PROFIT/(LOSS) 2022 2022 2021
The operating profit/(loss) is stated after charging: £ £
For other services (including outsourced financial management) 18,800 20,159
Depreciation 7,673 6,315

Page 20

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

Trustees’/Directors’ Expenses/Remuneration:

No Director/Trustee nor any person connected with them has received or is due to receive any remuneration for the year directly or indirectly from the Charity’s funds.

One Trustee was reimbursed in the year a total of £42 for travel costs.

Staff Costs:
Salaries
Pension
Social Security Costs
Staff Expenses
Subcontract, Consultancy, Recruitment & Training costs
Basis of Allocation-Time Spent
Allocated to Cost of Raising Funds
Allocated to Charitable Activities
Allocated to Support costs
Number of Employees - Cost of Raising Funds
- Charitable Activities
- Support Costs		 2022
£
215,670
4,543
13,793
103
858
234,967
34,933
124,097
75,937
234,967
1
5
2
8		 2021
£
200,260
4,486
15,574
255
595
221,170
35,372
105,667
80,131
221,170
1
5
2
8

No employee received remuneration amounting to more than £60,000 in either year.

Total remuneration of key management personnel in the year was £94,150 (2021: £127,259).

8. TANGIBLE FIXED ASSETS
Cost
At 1 April 2021
Additions during year
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Provided in year
On disposal
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021		 Computer
Equipment
£
-
6,456
-
6,456
-
-
-
-
6,456
-		 Van
£
10,000
-
-
10,000
1,000
2,000
-
3,000
7,000
9,000		 Equipment
£
28,363
-
-
28,363
2,836
5,673
-
8,509
19,854
25,527		 Leasehold
Improvements
£
29,727
-
-
29,727
29,727
-
-
29,727
-
-		 Total
£
68,090
6,456
-
74,546
33,563
7,673
-
41,236
33,310
34,527

Page 21

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 - CONTINUED

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade Debtors
Prepayments and Accrued Income
Other Debtors
V.A.T
Corporation Tax Refund – Orchestra Tax Relief		 2022
£
22,090
10,473
2,807
2,711
37,517
75,598		 2021
£
49,327
7,219
2,192
-
41,881
100,619

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Income in advance
Trade Creditors
Accruals
V.A.T.
Other Taxes, PAYE and Pensions
Other Creditors		 2022
£
-
26,695
16,117

-
9,709
3,790
56,311		 2021
£
15,000
35,041
44,163
4,416
6,154
4,790
109,564

Income in advance relates to performance sponsorship invoiced in advance.

11. ANALYSIS OF COMPANY FUNDS

Balances at 31 March 2022 are represented by:
Tangible Assets
Net Current Assets
TOTAL NET ASSETS
Balances at 31 March 2021 are represented by:
Tangible Assets
Net Current Assets
TOTAL NET ASSETS		 Unrestricted
Funds
£
33,310
157,981
191,291
Unrestricted
Funds
£
34,527
111,167
145,694		 Restricted
Funds
£
-
59,846
59,846
Restricted
Funds
£
-
215,573
215,573		 Total Funds
£
33,310
217,827
251,137
Total Funds
£
34,527
326,740
361,267

Page 22

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

12. MOVEMENT IN FUNDS

Restricted Funds
Arts Council England
BBC Children in Need
Garfield Weston Foundation
Other donations and Specific
Projects
Tom Carey
Lincolnshire Music Services
Carers Choir Projects
Reimagine Project
Bergne-Copland
Destinies (Orchestra Live)
CRF
Essex EAP
Pioneers
Sing Viva Digital
Total Restricted Funds
Unrestricted Funds
Total Funds		 At
1 April
2021
£
26,356
47,006
100,000		 Incoming
Resources
£
-
9,939
-		 Outgoing
Resources
£
5,850
52,359
100,000		 Transfers
£
-
-
-		 At
31 March
2022
£
20,506
4,586
-
173,362
5,000
825
8,388
26,641
1,000
357
-
-
-
-		 9,939
991
293
-
18,250
-
9,220
36,000
25,000
16,100
29,657		 158,209
5,991
418
8,388
23,431
-
9,577
36,000
21,300
25,207
25,262		 -
-
-
-
-
-
-
-
-
-
12,606		 25,092
-
700
21,460
1,000
-
-
3,700
3,499
4,395
42,211
215,573
145,694		 135,511
145,450
413,124		 155,574
313,783
354,921		 12,606
12,606
(12,606)		 34,754
59,846
191,291
361,267 558,574 668,704 - 251,137

Arts Council - An amount of £29,606 was transferred from Sinfonia Viva Events Ltd (SVE) on the close of the subsidiary company. This represents the remaining balance of a grant made to SVE for the payment of accommodation rent. A total of £20,506 is carried forward.

BBC Children in Need - A balance brought forward of £47,006. Additional funding of £9,939 was received in the year in respect of additional Fever projects. A balance of £4,586 is carried forward for Fever project in SEND Settings.

Garfield Weston - £100,000 received in the year to be used for covid recovery, including Sing Viva, small ensembles recording, STEAM project Flight, Paddington Bear Concert, accessibility support and core staffing support. All spent in the year.

Lincolnshire Music Services – for work on the MEHEM SEND Uprising project. A total of £700 is carried forward.

University of Derby Theatre (Reimagine Project) –Working with disadvantaged young people in Derby in partnership with Derby Cultural Education Partnership. A balance of £26,641 was brought forward and additional funds of £18,250 were received in the year. A balance of £21,460 is carried forward.

- Bergne Coupland Charity – This is a grant not spent in the year restricted to work in Lincolnshire. A balance of £1,000 is carried forward.

Essex EAP – A balance carried forward of £3,700 for a legacy project with older people living in Essex.

Pioneers – A balance carried forward of £3,499 for the creation of a film documentary, a project which commenced in February 2022.

Page 23

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

Sing Viva – A balance carried forward of £4,395 for the ongoing delivery of the Sign Viva choirs in Derby and Chesterfield. A transfer from the general fund of £12,606 was made to support work on this project.

Culture Recovery Fund - £36,000 – All spent in the year against specific projects and staffing costs.

MOVEMENT IN FUNDS

As at 31 March 2021
Restricted Funds
Culture Recovery Fund
Bupa UK Foundation
Arts Council England
BBC Children in Need
Garfield Weston Foundation
Other donations and Specific Projects
Total Restricted Funds
Unrestricted Funds
Total Funds		 At
1 April
2020
£
-
30,855
-
19,264
-
57,453		 Incoming
Resources
£
74,101
-
29,606
37,767
100,000
42,430		 Outgoing
Resources
£
74,101
30,855
3,250
10,025
-
57,672		 Transfers
£
-
-
-
-
-
-		 At
31 March
2021
£
-
-
26,356
47,006
100,000
42,211
107,572
86,168		 283,904
411,166		 175,903
351,640		 -
-		 215,573
145,694
193,740 695,070 527,543 - 361,267

Bupa UK Foundation – A balance brought forward of £30,855 at 1st April 2020 for work with the Carer’s Choir. This work was completed in the year and no balance is remaining.

Arts Council - An amount of £29,606 was transferred from Sinfonia Viva Events Ltd (SVE) on the close of the subsidiary company. This represents the remaining balance of a grant made to SVE for the payment of accommodation rent. A total of £26,356 is carried forward.

BBC Children in Need - A balance brought forward of £19,264. Additional funding of £37,767 was received in the year in respect of additional Fever projects. A balance of £47,006 is carried forward for the Fever 9 and Fever 10 projects.

Garfield Weston - £100,000 received in the year to be used for covid recovery, including Sing Viva, small ensembles recording, STEAM project Flight, Paddington Bear Concert, accessibility support and core staffing support. A balance of £100,000 is carried forward.

Page 24

VIVA CHAMBER ORCHESTRA LIMITED Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

Culture Recovery Fund – £74,101 was received from ACE as part of the Culture Recovery Fund. As well as supporting core costs and digital equipment, the funds focused on delivery of a series of online chamber concerts, a digital creative music project working internationally with partners in Lincolnshire, Norway and Denmark, and support of our Sing Viva carer’s choir which has operated online throughout the pandemic.

Tom Carey Fund – for work in Abbey Ward of Derby City. A total of £5,000 is carried forward.

Lincolnshire Music Services – for work on the MEHEM SEND Uprising project. A total of £825 is carried forward.

Carers Choir - A balance of £16,606 was brought forward. A balance of £3,420 is carried forward at the year end.

School of Ba- Rock – This is a creative project for work in Bridlington with community groups including SEND and primary schools that was completed in the year. A balance £13,357 was brought forward and no balance is remaining.

University of Derby Theatre (Reimagine Project) –Working with disadvantaged young people in Derby in partnership with Derby Cultural Education Partnership. A balance of £26,490 was brought forward and additional funds of £26,700 were received in the year. A balance of £26,641 is carried forward.

- Bergne Coupland Charity – This is a grant not spent in the year restricted to work in Lincolnshire. A balance of £1,000 is carried forward.

Orchestra Live – Monies of £7,140 were received from Orchestra’s Live to fund the Destinies Project. A total of £6,783 was spent in the year leaving a balance of £357 to carry forward.

Destinies - Orchestras Live (Derbyshire County Council) – An amount of £9,955 was received from Orchestras Live to work on Destinies, a project involving Derbyshire Virtual School and Asylum Seeking Children. A total of £7,125 was spent in the year leaving a balance of £2,870 carried forward.

13. CONTINGENT LIABILITIES

General Donations

In accordance with normal practice, the terms of certain grants and donations may result in repayment of all or part of the amounts receivable if the conditions of that income are not met. The income maybe subject to retrospective checks and audits undertaken by or on behalf of the income providers. To the extent that conditions are unable to be met, grants or donations may be repayable. The directors do not believe that any material amounts will need to be repaid in respect of income included in these accounts.

14. MEMBERS LIMITED BY GUARANTEE

As noted in the Trustees Report, the company is a registered charity, limited by guarantee and not having a share capital, each member’s liability is limited to £10. There were 17 members at 31 March 2022.

15. RELATED PARTY DISCLOSURES

At the closure of the trading subsidiary (Sinfonias Viva Events Ltd) all monies were donated to the charity, this includes £29,606 originally funding from the Arts Council for rent payments – the balance held at 31 March 2022 totals £20,506 shown as a restricted fund.

Support is given to the charity by Rolls Royce and Derbv City Council, the details of which are contained within the Trustees Report.

There are no other related party disclosures.

Page 25

VIVA CHAMBER ORCHESTRA LIMITED

Charitable company limited by guarantee

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 – CONTINUED

16. FINANCIAL COMMITMENTS

In August 2015 the Charity entered into a 10 year lease on the premises at Robinson Industrial Estate with the following commitments:

1[st] year - £10,000 pa (£6,500 pa funded out of ACE Capital Grant) 2[nd] year - rent free

3[rd] to 5th year - £10,000 per annum (£6,500 pa funded out of ACE Capital Grant) From 18[th] August 2020 to 17[th] February 2022 an annual commitment of £11,500 per annum and thereafter £15,000 per annum.

There was a rent review in Year 5.

17. TRUSTEE INDEMNITY INSURANCE

The overall Insurance policy premiums now include cover for the Charity Trustee Indemnity insurance giving cover of up to £500,000 (£500,000 2021).

18. PENSIONS

VIVA Chamber Orchestra Limited auto-enrolled its staff into a defined contribution scheme on 1 June 2016. Payments in the year totalled £4,543 (2021: £4,486). There are no outstanding pension liabilities.

19. CASH FLOW STATEMENT

Reconciliation of net movement in funds to net cash flow from operating activities:

Net incoming resources (deficit)
Adjustments:
Investment Income
Depreciation Charges
(Increase)/Decrease in Debtors
Increase/(Decrease) in Creditors		 2022
£
(110,130)
(6)
7,673
25,021
(53,253)
(130,695)		 2021
£
167,527
(22)
6,315
45,080
17,915
236,815

Page 26