REOISTERED COMPANY NUMBER: 01879552 {Enllland and Wolesl REGISTERED CHARITY NUMBER: 291046 of Chamb Llmlt6d b Gu vac Tradln b•r Orcho#tra Ltd Info 5va orthè Yè En Pag• Rofor•nGe and Adrnlnlstratlvo D•tsll8 Ch4lr'¥ Roport Roport of tho Tru•tO•• 4 lo 15 Ind•p•nd•nt Eximln•rf* R•port 16 Statement of Flnancl•l AcUvltl•s 17 8alanGo 8h•ot 18 10 19 Ca•h Flow St•t•rn¢nt 20 Notu to th• Cash Flow St•t•m•nt 21 Not•8 to thè Flnanctal Statsm•nt8 22 ts 35 Iv Tr r O he*tra Ltd Thg Directors￿rust￿&S shown below have held offi'ce durlng the year ended 31 March 2024 and lo Ihg dale of thi5 report unless olherwi$g Staled. Elected Elected E18cled Ele¢lgd Elected Elected Elected Elected Appointed Appointed Appointed Ms P Johal Cllr R J Wood Mr W N Matthews Mr C L Muldal Mr A Nicklin MrAAP Davi5 Mra H S Geary Mrs M Cookhorn Cllr E Lonsdale Cllr J Smale Cllr K Morgan-McGaaghan lunlil November 20231 Sale9u8rding Lead Chair {unlil July 20231 (from September 20231 Member of the Flnance and General Purpaye Subwcommittee Mernber of Ihg Fundraislng gub-Gommillee Mernber of Ihg Equality, Diversity 8nd Inclu61on $ubr the year ended 31 March 2024. The trustees have adopted the provlslon8 of Accounlng and Reportlng by CharI118s.' Sla16menl of Rècommended Pra¢ll¢e applicable lo chariti06 preparing Ihelr accounts in aC￿rdance w4th the Financial Reporting Standard applicabl• In the UK and Republic of Ireland IFRS 1021 It3ff8ctive 1 J3nuary 2Q191. OBJECTIVES AND ACTIVITIES Oblectlvos and alms The obje¢l$ of the ¢omp•ny In thè wr under r•vlew were as defined by its Memorandum and charity regi$lralion in81rumenl lo promote and advance education of the public by encouragement of th6 art8 In ggngral and in parb"Gulor the art of mu81¢. The Directors ar8 satisfled that these almB ara being achleved. To achieve its objects, the company's principal a¢livilies 8re the mainl&nanc? 8nd managomenl ol the orchestra., the pr¢X)olion of ¢ort¢orts by the or¢heJtro both on ils own account and in conjuncliDn with local promoters and the presenlallon of education and other projectg. The 8oard of Directors, which m•1 four limes during th8 ygar, ha$ ovarall rOSPDn$ibility for the compan¥s affalr5. The Chief Executive report5 to the Board and 18 responsible for the operational managemanl of thè company and leadèrshlp of stsft. Sub-commlttees of the 8oaré con8id•r detailed is$u¢$ 8nd the Dife¢lors who are members of these $ub-¢ommitttie$ are indl¢aled on page 1. During the year, there were no material ¢hange$ in the poli¢i¢s PUt3ued by the Gornpany. The Gompany is & r8gislar8d charitabla company, limited by gu8rant8e and not having a sharg capital. Slnfon18 Vlva Is a charlty provldlng orche8lral performancès, edu¢aUono1 ané cr¢•llve music projects and p¢rforman¢e$ in, with and for lo¢al ¢ommunilies. Founded in 1982, Sinfonia Viva ha3 es18blished a national reputation as a leader in creative music activity in Ihg UK, and remains th8 Dnly pfof85sional OTattoslra based within, and working throughout. th• Ea81 MKlland5. OUR VISION, MISSION, AND VALUES Vl6lon'. All ¢ommunili¢s ar¢ In6plred through music. Ml8•lon.' Sinfonio Viv• is an orchoslra that lislgnfj, respondry, Ond Gollaborale$. We Bharfj Groativo project and performances which nurturo, chalSange, and delight Valu•$'. We are Cr•atlv• across all aspects of our work, We are Ambltlou• lor Oltr organl$aUon. p8rtl¢lp8nt8 and mu8lcian8, enabling all lo achieve their full potential. We Respoct all the people wo work with, valulng Ihglr ¢ontribullon$ #nd providing an inGluoive and welGoming onvironmonl. Exc•ll•nc• is at the heart of ever￿AIng we do. Page 4 Rè mber. 187955 OBJECTIVES AND ACTIVITIE8 Publlc beneflt A8 slated obove tho objects of the company are to promote an¢J edvance education of th public by en¢ouragement of the arts in general and In partlcular thè art af muslc. Community and Educallonal Actlvty between April 2023 - March 2024.. - We directty worked with 4,064 people on ereatlveleducalionlcommunlly proj•c18 involving 8,141 4llendanc8s a¢rosB 248 sessions. Atlondanc85 at so8$ions by grouping (some people fall into more than ona group).. Children & Young People Socio EcOnoM￿C Di$abilily Health & Wellbeing Older People Global Majority Families 6.059 attendonc•s 7.392 attendance8 893 attendances 743 allendances 501 atlgndances 116 allendances 449 allendances All of our activlly durlng this perfod wa$ dellvered in person, with the excepllon of Slng VIv8, our community choir for peopl& with Caring responsibilities. which maiTltain8d a hybrid approach to roh$arBals lo enable more member¥ lo access activrty around their caring re3ponsibllities. Orchestral and Chamber Mu81c Performance8 b8￿men Ap￿1 2023 - March 2024.. We delivered 2CI pgrtorman¢8s across the year, which breaks down a8 9 orche$lral, 3 chamber music, e family concerts, and two large scale 8h8ring performancos at tho and ol creative projgGl$ involving an en$8mble of 8 or rnore Slnfonia Viva muyicians. - A total of 14,412 audlence members attended Ihase performgnce6. We gave 14 orchvJ$trallchamberlfamily15haiing p8rformances acro88 tha E•$1 Mldlands (9 in oorby, 3 in Nottinghaml¥hiTe, 1 in Loughborough, and 1 in Northamplonl, in addbtion to 3 Family Concerts In East Yorkshire, 2 Family Concert8 in Ba8ildon. Essex and a Ghamb¢r recitsl in London. ACTOSS th& year wo engaged 157 individual mu$i¢ians 1126 orchestral muslcSans, and 31 ¢ondu¢lors, 5010i8ls. composers. and Creativo mu$lc leadersl, In addition, we commissioned a new work for Wind Quintel for 8 sf(eaSp8¢ifle pérformance al Derbls Museum of Making from composer Maddy AldiB-Evans. The Directors conflrm that they have complled wrth their duties under Section 17 of the Charbtl&$ Act 2011 with rggard to Public benefrt. Page 5 Vlv Cham r Orchèstra Ltd In Rb nu 882 rus ACHIEVEMENT AND PERFORMANCE 202312024 The Directory were pleased with the level of eharllable aCt￿lIfeS produced by thè company durlng the year, antl wlth the development of partnerships ¥￿th other cultural organlsatlons wllhln Dert)y. The organlgallon h88 work8d collaboratively with Derby Museums en erealive, ¢ommunily and 8du¢alional project$ previously. and in 2023124 this approach was increased through co-d?Iivery on elements of gur annual Derby Schools STEM projocl (Science. Technology, Engineering and Malhsl. We a150 introduced 8 new 3eri88 of &ft8rnoon chaTnber concerts and trtalled a Famlty Concert within the Itallan Mlll on the Museum of Making site. The 8ucees8 of Ihasè Inlt581 performanc88 wlll provlde the b8819 lor an incr&8sèd presènce from Sinfonla Vlva at the museum 2024125 for both chamber and lamily con¢erts. This year alBQ Saw th• OTg•nisation build a strtsnger rnlationBhip with Dorby Cathadral, including uiving collaborativè performallcey between the orche51ra and C8lhedr81 Choir. This approach 18 benefitting both Slnfonia Vfv8 and the Cathedral, Inlroduclng each org8nI8atlon to new audiencès, providlng opportunlllès for th6 young $lngers wllhln the eholr lo work along81d8 a profe6$lonal ensemble. and genèrallng n8W ¢ollaboration$ for futur¢ d¢v¢lopm¢nl. Our orcheslial aclivty outside of Derby also saw an increase through the year, with performances in Loughbofough Town Hall and the Royal & Demgate, Northampton - both venues Slnfonla Viva h85 vl8ited prevlously bul not for many years. These concerts have renawed these relatlonshlp8 and agaln pro￿d&S strong base for future aCts.￿lIes. Our relationship with tho Royal Conceri Hall, Nottingharn also Continued with two turther performancès as part of their 8nnual orchestral gerie8, and our annual New Yeavs Eve Concert whlch w88 extremely well allend8d, and through a serles of audlence development InSllallve8 we welcomed 8 81gnlfScant number of flrsl limg altendee6. The posilivvj response from audiences, dem¢natraled through th• high percentage ot posln is having on the plallet. This is a Ihgme th81 the childron and young people with whom we wero working fett very strongly aboLrt, resulting in vory Impactful lyric8 lo the song$ th8y created. The person81 and educallonal benefits of this ptol&ct lo the pdrticipanls was ¢•plured through a new approach lo Impa¢l measurement for Ihls prolecl, providin9 us wV(h both qualilalive and quantitaliva data a8 foliowg,, 69% of partiClP8nls said that taking part had help8d them feel part pf somelhSng 750/• of partlclpants agreed that they had learned a lot about fossil fue15 and renewable energy 78'k of particlpanls ts¢ld that they'd now feel confident in talking to friends of family about renawabl8 gneryy and changes we ¢an make to reduce our carbon footprint Tea¢h•r5 involved In the project gave the following avorage scoreB when asked to rale the project8 impact upon their puplls". 10 out 0110 on how Bucce8sful the project was In supporting their pupils lo work a8 8 learn 9.7 out of 10 on how important projects like Ihl8 are for IheSr puplL8 8.9 out of 10 on how successful the proieGI's STEM theme wa$ at inspiring thelr sludenl$ Teacher feedb8ck Included the followlng comment¥'. "Th• toam wero Incrndlbl? at Includlng all chlldron and adaptlng actlvltles to th•lr n•od*. I f•lt qulotor ¢hlldr•n wern glven a chanco to shlng. Chlldren havo walk•d away Irom the exp•rl•n¢• wlth onfidence and prld8." "It was LIFE CHANGINGI From start to flnlsh the proJoct has b88n wonderful. On stage th• 81nft>nla Viva rnuslclan$ •r• so Insplrlng and w•lcomlng to the chlldrgn.. "For mo. thls 18 a r•41 hlghllght of th8 yoar and 11 r•ally touch•s my h•art when l Bgfi chlldren from dlsadvantaged batkgrounds goidng experlenu Ilka thls for somo it wlll bo a once In a Ilfetlme opportunlty, for others It wlll bè i ¢ar••r waltlng to h#pp•n." Lovo 8torlg5 Sinfonia Viva has ¢Dnlinu¢d lo work closely wllh Orchestr•$ Live on 8 number of Cowcrealion projects over the year. One ol the m¢51 unique of Ihesg projects wa$ Love Stori88 which Saw Slnfonia Viva muslclans working alongslde a ¢realive learn from communty arts organisation Arcade based in SGarborough, North yo￿&￿1r8. The project wa8 a 8118-responsive oral history project Inspired by South Cliff Pleasure Gardons in Scarborough. Arcade recruited member5 of the local community lo share their slorles relating lo the Gardens through workshops involving spok8n word. poetry, and stor￿ellIng. Thè resultin9 narr81ive5. all dèeply personal, were then used to inspire an accompanylng soundtrack for oach Intjlvldual 8tory, through work$hop8 wrth Sinfoni8 Vwa. Tho outcome of the projgrt Wa8 an aud50 Irall around the South cirfr Pleasure Garden8 onabling the wider community and visitors lo the area lo Ils18n lo the 8lori88 and mu8lc developed by the partlClP8nls Iwilh th music rts¢tsrded by Sinfonia Viva and th8 participants) helghtening Ihelr experience of the gardens, bul also demonstrating the significant impact this location has halt on the Iivg5 of so many of S¢arborough's fg8ident$. The respons¢ from partKipan19 and audlèn¢e$ to this project ha? been quito incrodible.. 70% of participants ond 65% of visitors engaging with the project or audio tr81188ld that it oxceeded their expectations Page 7 Vlva Ch mberor hegtra Ltd Trfftdln ered n Infonla V mb•r: 79S52 ort When asked lo rate Ihoir overall eXpe￿8￿Ce of the pmigct or oudlo tra11, 80% of p8rti¢lpants and of visitors rated il gxcellenl Fèedb8ek from the project inclLrded the lollowtng comment8.. "l am not from Scarborough and go left that the Jtorles brought me closer to the communlty. Thoy Illugtrated a rangg ol p•oplg'6 oxpgrl•n¢tr$ and thg mu$lGal background gnhanc•d the stor1￿, I felt I know th• ¢ommunlty better aft•Niard•." "So oft•n wt ¢•l•brat• thou wh¢ achl•v8 w•allh and fam•. Th••• •torl•• &r• Just us, thg ordlnary peopl• and th•lr b•Juty. It makm you •dor• humanlty 4nd want to •p•ak to oth•rs In th• park In ¢a•• thoy hav8 a story." "A perfect rèpreg•ntatlon of Scthrborough South Cllff Gardens. Dlvorne, btautlful storfe*." Page 8 Iva Chamb R8 1st rod num r: ortoft ACHIEVEMENT AND PERFORMANCE Further developments Overall financial performanc8 was Ilne wth the approved budget. whl¢h Involved a draw of £ 26,881 from unre$lricteLrf reservfjs 10 support delivery of charltable objecllve$ during the year. Whlle the wlder oparatlng and funding envir¢nmenl remains extremaly challonging, tho Director5 arg pleased that the underlwng demand for.the Orchestra's project and produced work remains strong, Is increasing, and that Ihgre 15 renewed Interest In our orehestral ¢on¢erts from audiences. partners and promotor8 acro35 the r8gion. Sinfonia Viva'g commitrngnt lo inclusive working and addre8slng ynderrepre8enlation of 8peclllc communlli•¥ wrthin the crcheslr81 $eElor, continues lo inform our decigion fnaking. Throughout the year wo 8¢hleved our largel8 in relation to the gender balance across corHluclors and soloist and the number of artists from the global major((y eng8g8d lo work wlth the orchestr8. We achieved our programming largels of 10Vo of all works p8rform8d belng wrillen by ￿Men andlor composers from the gSobal majority, We continued to embed Brllish Sign Language IBSLI wbthin most of our creative project Jharing evenlg and performances and providtrd captioning on all digital contgnl to assist with a¢¢g5$ibilily. The company h89 experlenced some staffing changey during the year. Th8 Cornpany wa5 d81ight0d lo welcome back the orch&slro'$ leader and artistic advlsor. Sophiè Rosa aft¢T a period of m81ernty leave. Our Marketing Manager18ft in May 2023 and after a revlaw of the Company's requirements fi was declded al this stage lo engagè a mulli functionary marketing ag8n¢y rather than appoint a single employee. The Company employed Flying Geese Consultancy lo lead on Dur rnark81ing and comm5, ini1181ty for a 6 month period, bul this contract ha8 bèen extended untll al least March 202S ay the impact of having a cohort of 5Pocialists wilhln dSffef8nt aspects ol markoling (including a classlc81 music markele&rl is having a very p0511ive impact upan tha organisalion through increased lickel sales, 8ng8g8m8nts with our social media plafforms and significant increase in individuals not only signing up, bul reading OUT newsletters. This posktlve Smp•¢l has been rtflected within fundraising from individuals following a succesyful 81g Glve camp8ign In March 2024 which wag m8naged by Flyirig Geesa. The Head ol Development left the organisation In Augu81 2023, 8nd again ha8 not been replaced. Thè organisation had already engaged thg s8rvl¢g8 of a freelancg Trus18 and Foundationg speclallsl, prlor lo August 2023, and we have retained frealance prOvis￿n in this area on a day per week basis 61nce January 2024. Currently this model Is working well with an incroase in Trust and Foundation income anli¢ipat¢d for 2024125. but the Dlrectors and Chlel ExocutNe will continue lo monitor this area CAr•fully. Following the 8ppointment of an internal Finance Manager In May 2022 the po8rtive imp8Ct fell Sn the Pfelrtous financlal year has continued. There have bean ongoing improvements lo internal systems and pro¢e$slng, •nd increased èfficiency in relallon to our financial management. Wo continug lo praduce management accounts and 12 month cash flow prole¢lions. which are reviewed by the Finan¢• & Goneral Purp050S Committe8 and the full Board on a ouorterly b0818. Two budget outlook revltws lake place in August and. January each year. The staff team continue lo work in a hybrid way, with 81aff working from the office on average two days pgr week. This eontlnue8 lo provide staff with flexlbilily and a better work lrfe balan¢¢ and 1$ working posiliv8ty for the organlsatlon. Slalf Appralsal$ lake place in Seplemberloclober annualty with a six month review, and w8 are maintaining 8 ring f¢nGed CPD ond training budget whlch Is enablbng us lo not only meet our stslutory training requiremont5 IH8allh & Saf9ty. Safeguarding &lG.I but also providSng rnore opportunrtlo$ for staff development and tralning. Wfthln the ya8r the Chlef Executive wa8 Chair of Tru51ees on the Board of A¢cessible Art5 and Media. and appointed as a Director of the Associalian of Brlllsh Orchèslrtys, the Deputy Chief Executive.. Operations, sil$ as a Trustee on th8 Board of Muslc for Everyone and &l$o acts as ils treasurer, and the Deputy Chlel Exècutive- Programmes b8camo a Trusloe ol Mcre Music Morecombe. Page 9 Vlva Chamber Orc r• Ltd ag ljtorgd numbar.. 01 79552 ACHIEVEMENT AND PERFORMANCE The principal funding sources during the year weTO the National Portfolio Organi5alion funding from Art# Councll England, used both a5 COTe funding and to support aellvty, Derby City Councll, and Roll>Royce PLC. Slnfoni8 Viv8 enlarad Into a new Ihre&year p8rtnèrshlp agreement wlth Roll8-Royce PLC In 2022. who remain one of the organi$alions longe$l 61anding partner$. Slnfonia Viv• 1$ 8160 supported by other grants and 5pon50rship donations detailed in the not9S to the acGounls, plu$ inGome genei*ed by Ihp Charity from ongagemenl$. IKket Bales and education projects. The Dbreclors ￿lè pleasad to raport that desp￿8 the ch811engè8 laced durlng the year. key artlgtlc IndScalor8 In terms of perfoman¢6s and ¢r8allv8 projects wera mel. FINANCIAL REVIEW Flnancial revlaw Tho aeeumulaled unreslrict•d incomo fund al 31 March 2024 Amounted lo £146,519 this Includes fixgd a88et8 of £9,881, The aceumulalod reslricled income fund al 31 March 2024 amounted lo £38,805, Investment polScy and obJ•GtIvg8 The Orchestra operates a dgp0511 account wrth ils banker3 and cash not required for day-tTrday payments inva$led in this d8posf( account until r8quired to fund the charity's aclivi1185. In the 2023124 financial yoar, th• deposit account realised £485 in interest. The organisalion also hold5 an account with the Monmoulhshire Building Society lopened in April 20221 and thls account reallsed £651 In Snleresl in the 2023124 financlal year, Holding both these accounts enabl￿ the company lo reduce rl$k with deposit funds now h¢ltt In two separate financial QTganisalion6. R•serv•$ poll¢y The Directors have reviewed th8 re•orva# policy in the ILqht of the main n¥ks lo the charity. Th• Directors accept that these risk8 are variable and are 8180 influenced by external factors, The Dlreciors ha determined that the charrty should plan to hold fr8e reserv8s representing at least three months operating expens86 and 8ufficlent reserve5 to cover potential redundancy pay IlabS151598. Th15 would allow the charity time to find new funding for ils charitable a¢livilies in tho evgnl af ¢urr8nl sourcas ending or, if no¢6ssary, enablts the charty to Cel￿ trading in a timely and prud¢nl manner, To this ¢nd the Dlrectors h8vrs e$lablished that as a general policy the free reserves Should fall be￿een £90,000 and £111.000 al any one lime. Tho Director8 have considered the current operating climate and ccncluded £90,000 to be an appropriate level of reserves for th8 comlng year. U#• of r•*•r¥ Unrestricted reserves al the end of March 2024 wer8 £146,519 including fixed agsets of £9,881. Accordlngly the free cash re$ervts¥ avaitable lo the eharlty 85 Ot the end of March 2024 were £136.638. After making 311owanGe for the agreed level of rgserveB detailed above, Ihg Dlrectors have igregd o budg•t that allow5 up £46,e38 of the unre5tricled foseTv05 to b8 used to 5UPPOrt the Charity'5 work in communlty and educ8llon 8ettingJ during the 2024125 financlal year. Paga 10 Viva Ch mb•r Or¢h•Jtra Ltd >Si ljterod num èr: 01 7955 FINANCIAL REVIEW Golng concern The Directors aro fumy aware of the challenging fundraising onvlronment at prejant, and the wider econom uncertainty in the country and will continLse to exercise effective control on all financial matters relating to tha Gompany. Tre orchestra receives much of 118 ￿re income from Arts Council England IACEI. Arts Council England has confirmed funding al a level of £195,642, for three years from 1st April 2023 10 3161 March 2Q26. Within the yegr the or9ani$81ion wa$ notified that this grant period would be extended by 1 year lo 3181 March 2027, In addlllon, cur longstanding partner8hlp with Rolls-Royee PLC wlll cofttinue lo 3151 March 2025 under our current partnership agr8em8nl at £25,000 per year. We will 0180 continue to receive our annual grant of £10,OOQ from 09￿0Y Cty Councll in 2024125. Dern8nd for Dur prDjecl work continues, generating a significant level ol 8&rned incgmtr for th• organisalion, and ￿th an Sncre8ge in the number of concerty planne£S wilhln the 24125 financi#l year, and confimalion that Orchestral Tax R&llel wlll rem8ln at 50% untll Mar¢h 2025 this WIN also gener81e addSllon81. confirmèd income, for the year 2024125, A8 a consequence, the Directors are confident that the Orchestra has suffic￿nI r¢souT¢8S for the next twefve months and on this b8818 the Aecounty have been prepafed on g ooing concèrn basis. Pa9811 Vlva Chamber Orchestra Ltd R Istared number: 01879552 rAdl JSI oni FUTURE PLANS Thg organi5aliDn adoplod a Ihrg9-yoar bu$ingss plan from April 2023, whiGh align$ with thg first three ygars of our current Arts Council England National Portfolio Organisalion funding. Wlthin thi5 plan wg havfy idenlifi8d nlne slrateglc priarty areas. each with a set of measurable KPIS lo enable us to measure progress against our alms. The specrf¢ plan$ ond amblllons for eoeh ol Ih¢s8 prlorbty ar¢a$ for the year ara dètal below, Artl$tlc Quallty.. We ￿￿11 sustain our position as a sBclor leader for artistic quality and excellence in crBali PIOjocls, and continue to build the reputation, quality and breadth of orchestral performance5 across the ye&r. Collaboration with the region's outst8ndin9 choirs. an ongolng commStment lo supporting emerging talent and promotlng conductors. ￿10[818 and composerg from underrepre8enled backgrtsunds remaln a kèy prlority. Recrurtmenl to Prln¢lpal po$lllons wllhln the ￿nd se¢llon ￿11 provlde addlllonal Slabllity gnd furthor onhance thg quality of our orGhe$lral p?rformance$. Cr•atlvtty and Innovatlon.. This remains at th• heart of our work, and w• will mainl&in our divers• rang• of crp4live programmey for C8rer5, refugees, people living wrth dementia, activity in SEND settings, and work th children and young people Sn aieas of soclo-economlc deprNatSon. In addl￿on we wlll dr8w on our slabllshed dellvery model8 and concert format8 and Increase the ntjrnber of repealed programme6 of work and further build our local culiural collaborations lo develop inclLtSiV8 creative programmes for children, young p￿p1a and families, Audlence Engagtrment and AwaMneJ8 Rilslng.. By March 2026 we alm to be widely reeognised ès thè OTche8tra of the Ea91 Midlands, with an improved brand, Idenlily, 8nd digllal presence. This wll be supported within the coming year through the development of a new web8rte, consultation wf(h audiences and other slakaholder$ to garn8r int8r9$t in 8 Friends Scheme, and conlinualion of our contract whh Flying Gfj950 consuKancy lo ensuro our marketing and comms aro maeting our ambition8 in this aroa. Talent Developmont." We will locug on bLtilding the Skllls of our mu51cians and delivery p8rtner5 Ihrou9h CPD and oth8r relevant tralnlng opportunlll88. We wlll maln185n our commitment to engaglng emerglng talent by carafully considèring the conductor8, so1oi61s, composer6, and creative muslc le8d9rs we eng8g8 lo work with the orche$lra, Partn•rshlp Worklng.. We wlll maintain our posltive working relationships with key stakeholders and existing partners, including partnerships buifi with Derby Cathedral and Derby Mu8eum8 during 2023124. Vvithill th¥ coming year we aim to establish s new relationship with Soulhwell Minster and their choir, 88 well ay other smaller vgnues wllhin the East Midlands. Equallty, Dlv•rslty> IncluBlon and Relevance.. We will maintain our Inclusion and Relevance Slfalegy, with regular review by our EDI Sub-committee and Board, and measure progress agalnsl annual targets. Vve have committed to a new In¢luslve recruitment plon for orcheglral musiciAn$ develL)ped by the Musi¢lan8 Union, Bl8¢k Llv¢$ in Music. and the Associ8tlon of British OTche$lras, and will begin implementing some of Ihls pracli¢e from July 2024. W8 will continue to ¢on$uR with specialiNIB in relation lo aG¢essibilily of our work, both in communty gnd concort 58ttings, and en8ur8 that inclu51ve practsc8 remalns at tha hgart of our work. FundralJlno.- We will focus our effort$ ovor the coming year in two $pe¢ific areas., Trusts and Foundations, and Sponsorship. We have engaged external speelalisls In both these areas lo support Ihls amblllon with the alm of not only dlverslfying our Income stre8m$, bul also rglslng awar&n$$s of Slnfonl8 Vlva and th$ Impact we have on th¢ 10¢o1 community amongst Derby'B busine98 Gommunily. Following a surGe$sful individu81 giving campaign in March 2024 wg will build on IhiB ba50, providing 8ff8clive slewardship to those individual dDnors and idenlrfying further opportunities lo engage them. Organlsatlon Development.. Maintain & broad range of ski118, expertige and lived experiencey of Board Members through open recrukmenl ￿thIn the year wSlh thè alm of recrulllng at least 3 new 8oard members. We wlll also begin planning for Chalr re¢rullmenl wllhin the yeor. We w511 m4lnlaln our use of $peclalS81 freelance support as required lo enable the organisalion lo refnain responsive without increased fixed Overhead costs and undertake a prograrnme of digital infra51ruclure improvemonls including investing in new website and orchestral management database. Page 12 Ltd R8 Inl 18ter•d n f th Tru$toe Flnanclal Manag•mfjnt & Sustalnablllty., To sel and achieve break evon annual budgets, and incr8asg the amount of ¢onfimied fundin9 in place prior to the start of e8ch financial year. increase our ulilisation of Inlemal financial Systems lo increase efflclency. malnlain regular reviews and updaleg of the Risk Register achi8ving a low or medium risk rating acro$$ all area6, and Ihfough the successful Implamenlalltsn of our Fundraising Strategy we will improvg our financial 5U$tBinability. STRUCTURE. GOVERNANCE AND MANAGEMENT Governln9 document Vlva Chamber Orchestra Ltd is a eompany limited by guarantee governed by [1$ Memorandum and Artic185 of As$o¢i8llon. 11 1$ registered a8 a charity wlh the Chaw Commbsslon, It was incoipofaled on 22 January 1985 and rggislared a5 a Gharlty on 14 February 1985. The Memorandum Rnd Article8 af A98¢xlallon were last amended on 4 Novomber 202110 introduce fixed terms of office for Directors. RKruitment and appolntmont of now trusteos The Board of Trustees requlres breadth and depth of experience lo carry out ils duties •ff•cliv•ly and efficlantly. TA9 ¢ompany Is also committed lo ensuring trustees are represenlalivo of the communiliey that we serve and wider society. When recruiting new trugtee8 an Important allribute is a passion for the work of the orchestra and a commilm8nl lo th8 compan15 vglu86. Derby City CounGil, with whom we work In partnershlp. make up lo two appolntmenty lo the Board. The board plans lo recrull three new members over the next 12 months to further $trtsnglhen its composition. The Irusla6 rol8$ will bp advertiBed widely and by worklng closely wllh local and national partner6 we aim to allracl the m051 divor58 pool ot candidal8s posslbl8. All appli¢anl6 wrth the appropriate 6k1118 and expertl8e will be invited to an Inter￿leW, and the $uccossful applicants will be invited lo join the Board. In accordance thè Artlele$ ol A$$o¢lalion, all Iru81ees appolnted 8lnce the la¥t Annual General Meeting and any other Tru$l¢¢ who has Gompleled their appolnled tem must rellrè al the Annual General Meeting. In ac¢ordanc8 wi(h these provision5, Mrs Ho18n G8ary, Mr Carl Muldal, and Mrs Margaret Cookhorn. wlll retlTe 8t tha forthcoming Annual General Meeting and are each eligiblp for rMl8clion for ong furth8r tem of up lo three ye8r8. Inducllon and tralnlng of new truBtees Trusleo8 also act as Dlrectors of th8 Charlly. All new Directors meet with the Chair and Chief Executive before baing appointed al which lime all aspects of the charrty ale dis¢ussed, the role ol the trustee withln the management of th¢ L>rganisalion explained and the procedure for decision making outllned. Prospective Oirectors allend a Board rneeling as an observer before officially being appoint8d. Th58 allows them lo meet prospective colleague9, dSscover how the Company Is parforming against ils business plan and ask 4ny quo$1ions. In addillon, the new Iruslèe has the opportunity to me81 the management team and playor r?prosonlaliv88. On their appointment to the Board, tru8tee8 recelve an Induction Pa¢k, which provlde8 them Mlh a thorough introduction lo the organSsallon, and Ihelr roles and responsibilities as a Trustee and Dlrector, as well as other contextual information including the rol¢s of Board Committees, axternal relation8hlp8, th¢ Current bu$ine8S pl8n and budgot, inclusion and rvlovance plan and safgguardlng pollcy and pro¢edUr￿, Senlor #taff ramun¢v•tlon The Chief Executive Officer and the Deputy Chlef ExecLrtfves Ipregramme and operalien81 ctrmpris6 the 88nior management peT8onnel. The pay Structure and policy for the two Deputy Chief Executives arè pros8nl8d to the FSnance and Ganeral Purpose sub-commillee annually for approv81. The Board 18 rgsponsiblg for dKision$ rolaling lo remungr41ion of the Chlef Execullve Offlc¢i. A number of criteria 8re used in settlng pay Includlng.. the role and Its responslbllllle8 salary Structures for comparabl8 poslllons wfjlhln the cultural 89Ctor and reglonalty tronds in average Pay Page 13 Vlva Cham ror h Stra Ltd adl R• In numb•r'. 1879552 ort of th Trustats STRUCTURE, QOVERNANCE AND MANAoeMENT R•latod partlos Rolls-RDyce plc ¢onllnu¢d rt¥ $upport of tho Orchestra durlng the ye8r. C•rl Muldal. a Rolls-Royct ¢mploy¢8, remained a Director and was a member of the Fundkaisiny and Finance ond General Purpose8 sub-committees. This long-torm relalion8hip reflects the company's Gommilrnenl lo supporting the arts and thg comrnunilie5 In which it oper*es. In 8ddilion, It recognlses the orchestra's contributlon lo dgliv8rlng Roll8-Royce'$ STEAM oulr•8¢h commitm&nt and Ihg gngagoment & devglopmenl of ts peoplg. D6rby city Council provided conlinueil support and as a partner 1$ entitled lo appolnl Iwo Directors. Cllr Jonathan Smale stood down in July 2023. and w8s replaced by Cllr Keiran Morgan-McGeeghan In September 2023. Cllr Emily Lonsd819 Continue5 lo serve a8 a Director following her initial appoSntm8nl in July 2022. Rl•k management The Directors have examined the major slraleglc, buBiness and operational risks which Ihg charity faces and conflrm th81 ¥yslems have béen established lo Ènbbld ragular reports lo b¢ produ¢ed. $0 thèl the no¢e$$ary slep$ Can be taken lo millgale Ih¢$e rl$k$. The Diroctors are fully aware of the uncertain publK funding position and wider 8conomic situation. Budgets for future yeary have been reviewed In Ilght of this and the management learn contlnues to explore Bkernallvo model8 as a way tsf sUPPOrting the Orche8tr8's eore work. MEMBERS OF THE BOARD OF TRUSTEES Members of the Board ol Trustees, who are Directors for the purpos¢ ol thg compony law and Trugtses for tho purpose of charity law, who served during th8 ygar and up lo the dale of Ihii report are $el out on page 1, Members of the eharilable company guaranlae to contribute an amount not exceeding £10 to the agsels of the charflable company in the event ol ￿ndIng up. The total number of 8uch guarantee8 8131 March 2024 was 1512023., 17). STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who aTe also the directors of VIVB Chamber Orchestra Ltd for the purposes of company lawl arè r6sponslble for PfaP8Tlng the Annual Rèport and the flnanclal sl8lemenls Èecordanc& wllh appllcable law and Unf(ed K5nadom A¢countlng Standards IUnil¢¢J Klngdom Generally A¢¢gpl¢d A¢counling Pra¢ll¢o1 including Financial Reporting Standard 102 'Tho Financial Rep¢xting S&ndard applicable in the UK ?nd Republic ef Ir•land" Company law rèquires the Iru8tees to prèpare fln8neial slalèmenls for e8ch fln8nclal year which glve 8 true 8nd falr vlew of the s18te of aflalrs of the ch8rllaLile ¢omp8ny and of th& In¢omlng re8our¢6s an¢J 8ppll¢alSon of r¢$our¢es, including the in¢ome and expenditure. of the Gharilable ¢omp•ny lor that period. In proparing those financial statem?nli, the Iruslees are required lo select Suitablè aceounllng pollcles and then 8pply them cons18tently,' observe the methods 8nd prlnciples In the Charlty SORP,, rnok¢ judo¢ment$ •nl e$timale$ that aro reasonable and prudent., prepare the financial slalemenls on the going conGgrn basi5 unlesy rt is inapproprialo to pr•sumo that tho charitable company will continue in busine55. Th6 trust888 are r88pon8Ible for kaeplng proper accounllng r8cord8 whkh dlsc1088 wlth reasonable accuracy al any lime thg flnan¢ial po$lllon ol the ¢harilable ¢ompany gnd to enable them lo en$uro Ihot the finan¢lal 51at8m8nl$ comply with Ihg ComponieB Act 200e. They are 0150 r05ponsible for safgguarding th8 as58ls gf the charf(able company arid hence for taking reasonable steps for thè prevention and detection of fraud and other irfegularilies. Page 14 Orchestra Ltd ly erod n 187955 I the Trustee ar h20 Thi3 report has been prepared in accordance with the Special provisions of Part IS of the CompanSe8 Act 2006 relating lo small companies. Approved by order of the board of trustees on ... . 102Lt. . ... and 8lgn¢d on its behaW by.. A A P DaYi$ - Tru5t8 P8ge 15 ndo •ndont Examin•r's Ro vach ort to th• Tru$to•J of hes I report to the charity trustees on my examination of the account8 of the company for the year ended 31 March 2024 which ar8 801 out on page5 16 10 34. R9spon51bllltlg5 and basls of rgport As the charity trustees of the company land also its directors for tha purposes of company lawl you aTe Tesponsible for the prepar8lh)n of the accounts In accordance wlth the requlrements of the Companies Act 2008 I'the 2006 Acl'l. Havlng satisfi8d rny59K that th8 accDunt5 of the company are not roqulred lo b8 auditod undgr Part 18 of Ihg 2006 Act and ara allgible for independent examination. I report in respect of my examination Df your company's accounts as carried out under section 145 of the Charf£ies Act 2011 I'lhe 2011 Acl'l- In . carrying out my examination I have followed th& DSre¢tion$ glven by the Charty Commi$sion under seellon 1451511bl of the 2011 Act. Indepgndgnt •xamln•rf• •tat•mont Sinc8 the compan15 gr05s income excoeded £250,000 your examiner musl be a mernber of a body listed in Section 145 of the 2011 Act. I confirm that l am qualrfied lo undertake the examination because l am member of the Assocbatfon of Chartered CertEfled Accoun18nts In Éngland 8nd Wales. whlch 18 one of the IIGle¢J bodies, I hove complgtsd my exomination. l ¢onfirm that no matter6 have ¢omg lo my ottenlion in ¢onne¢tion wrth th examination giving mè cause lo bplk*va that in #ny material respect.. 1. aecountlng records ware not kept in re8peel of tha company as requI￿d by 8ectlon 386 of the 2006 Act., or 2. the a¢¢ounl$ do not accord with Iho8e records,, or 3. the accoun15 do not comply with tha aceounling raquirements ot Jection 398 of the 2006 Aet clher than any requirement that the 8ccountg glve a Irue and fair view whlch 13 not 8 matter consldered as part of an Indepandent 8xamlnallon'. or 4. the accounts hav¢ not been propar$d in ac¢ordan¢e wllh the methods and prlnciples ol the Stsloment of Recommended Practice for accounting and roporting by charities applicable lo charitie$ preparing their accoun19 in accordance with the Financial Reporting Standafd appllcable in the UK and Republic of Irelar¢LI IFRS 1021. I have no concgrns and have comg acTOSS no other matt9rs in conngction with the examination to which •tt•nlicn shuuld be drawn in this report in Order to enablg 71 proper understanding of the accounts lo be reached. M Gurney FCCA, DChA of Dains Audit Ltd St Jottn's Court Wiltell Road Lichfield Staff5 WS14 9DS M Gurney FCCA. DChA Dale., Page 16 Iva Chambor Orches Vlva ratln for th8 Y 2024 Total funds 2023 Total funds Unre$lrictod Ro8trieled fund fund Notes INCOME AND ENDOWMENTS FROM Donation5 and legacieg 12,167 1e.285 28,452 103,382 Charlt*bl• •ctlvltloB ErTrgagemenls. tlckel salo8 and education projects Grants from publlG bodies SponsorBhip 168,720 205,642 25,000 154,997 323,717 205,e42 25,000 226,388 205,642 25,000 Other trading acliv41i8s Inv8Stmonl income 12.432 1,136 12,432 1,138 8,76S 854 Total 425,097 171,282 596.379 567,811 EXPENDITURE ON Raising funds 40,499 40,499 41,088 Charltibl¥ actlvltl•¥ Expenditur8 on ch8rltable actlvllles 287,706 188,821 476,527 397,111 Other 194,328 5,850 200,178 185,179 Total 522,533 194,671 717,204 623,378 Orcliwali'u lax relief 73.743 73.743 36,8 NET INCOMEIIEXPENDITUREI TrJn8f•r• b•tw•en lund• 123,8931 13,1881 123,3891 3,188 {47,0821 118,7311 18 Nèt movom¢nt In fund• 126,8811 (20,2011 147,0821 118.7311 RECONCILIATION OF FUNDS Total funds brought forward 173.400 59.008 232,408 251.137 TOTAL FUNDS CARRIED FORWARD 148,519 38.805 185.324 232,4 Tha notes lorm part of Ihe8t financial statornent8 Page 17 Cham ror hmtra Ltd dl R• I rod numb•r: 1879652 ance Sheet 2024 Total funds 2023 Total fund5 Unrgslrictgd R9slriGlgd fund fund Notes FIXED ASSETS T8nglble a$$èts 74 9,881 9.881 19,590 CURRENT ASSETS Deblor8 Cash at bank 15 127,684 92,819 9,814 28,991 137,498 121,810 115,762 153,491 220,503 38,805 259,308 289,253 CREDITORS Amounts falling due wlthln one yg8r 18 183,8651 {83,8851 15e,437) NET CURRENT ASSETS 136.638 38.806 175,443 212,816 TOTAL ASSETS LESS CURRENT UABILITIES 146,519 38,805 18s,324 232,408 NET ASSETS 146.519 38,805 185,324 232,406 FUNDS Unreslricled fun(is Reslrirtfjd fvnd$ 18 146,519 38,805 173.400 59,006 TOTAL FUNDS 185,324 232,406 The charttable company18 8ntlded to 8xempUon fTDm audlt under Sectlon 477 of the Compani8s Act 2006 for tha yoar ondad 31 March 2024. The members have not rtqulred ltte company to obtaln an &udlt of flnan¢l81 slalèmonts for the yèar ended 31 March 2024 in accordance with Section 478 of the Compan￿5 AGI 2006. Tha tru$l8eB a¢knc)w18dg8 their r85ponsibilitla5 for 191 ¢n8uring that tha charilablg company keeps accounting recordB that comply with Sections 386 and 387 of th? Companies Act 2006 ond Ibl preparing Ilnancial 8tatemenls which give a true and fair view of the stole of affairs ¢1 th¢ ¢h8rltable company 8$ at the end of gach flnancial year and of it$ surplus or doficil for each fingnGial yeor Sn accordanc8 with th8 rgquirom&nls of Sgclion5 394 and 3èS and which Dthorwi50 comply with the requirements of th6 Compania8 Act 20Q6 relating to tinancial 8talaments. so far a8 applicabla to the charilablg company. Thfj notes lorm part of these financial stslements Page18 ¢ontlnu¢d... er Orch 7965 These fln8ne181 statements have been prepared in accordance with the provisions applicabl• to Gharilable companles Subjèct lo the Small companies regirne. nci slalemgnts were approvèd by the B08rd of Tru8te88 ané aulhor188d lor I$su6 on . .XVIW.......... and were signed on ils behalf by.. A A P Davis- Trusletr W N Matthew$- Trusloo The note9 form part ol th¢80 financial statement8 Page 19 Vfva Chambor Orchèstra Lt ot thg Flnanclal Sta 8m&nt ACCOUNTING POLICIES Ba*lJ of preparlng the flnonclal statements The fSnancSal slalements of the charllable company, whlch Is a publlc benefit enllty under FRS 102. have been prèpared in accordance wlltt the Ch8nlies SORP IFRS 1021 'A¢counling and Reporting by Charili8s', Stalernenl of Recommended Practice applicable lo chHrilies preparing their acc¢unls in accordance with the Financial Reporting Standard applicable'in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financlal Reportlng Standard 102 'The Financial Reporting Standard 8ppllcable Sn the UK and Republbc of Ireland, an¢Y the Companlès Act 2006. The ftnanc181 slalement8 h8ve been prepared und8r the hlslorlcal cosl convenllon. Th? Charity meets the definilian of & public benefrt entity under FRS102. The accounts are prep8r&J on a golng concern basls. The finan¢ial $tatemanl$ are pr8senled In slgrling [£1. The principal 8ccounling polich#s adopt8d in the prèparation of the financial slatemènty are as follow8.. Golng conc•rn The Dlreclors ara fully aware of the challgnging fundralsing envlronment al present, and the wldor e¢onomic un¢•rt8inty in the country and wll continuo to ex•rci88 •ff•ctive control on 811 lin8ncial mallerj relating lo th¥ company. The orche51ra receNe5 much of It8 core income frorn Art5 Council England (ACE). Art8 Council England has confirmgd fundSng at a19V8101 £195,842. for thr88 y8ars from 1$1 April 2023 to 3151 Marctt 2026. W￿h1n tha year th8 organisation was notifled that this grant poriod would bo ext8nd&d by 1 year lo 31$1 Morch 2027. In 8d¢Jilion, our Ir)ngsl8ndlng partnership with Rolls-R0￿ PLC will continue lo 31 st March 2025 under our current partn¢r$hip $greemenl at £25.000 per y¢•r, We wlll also continue to recebve our annual grant 01 £10.000 from Derby City Council in 2024125. Demand for our project work continues. 9enerating a significant level of èarned incorne for the Organisal￿n, and with an increase in the number of concerts planned wlthin the 24125 linancial year, and ¢onfirmg1ion that Orche$tr81 Tax Rèllef wlll remain at 50% unlM March 2Q25 this w411 a130 g6nerata addition81. confirmed income, for the year 2024125. A5 a conSOqLienc8, the Directors arè confident that tho Orchestra has sufficient resource5 for thè n•xt tWe￿e months and on this basi5 the Accounts have been prepared on a going concern bas15. Incom• All income Is recognlsed In the S18t6menl of Flnanclal Aclivllles once the charf(y ha8 enlluement to th fund$, it 1$ probable Ihal the in¢ome wlll be ro¢givgd ond th¢ •mounl ¢•n bg moa•ui¢d rellAbly. Income representy income from perfomances and sponsorship thereof. excluding value added tax, plug gTanls from publie bodiè5 and donallons. core lunding from publlc bodle8 16 allocated lo the year for whlch 11 1$ granl8d. Sponsorshlp of. and donations IDwards. specific p?rformanc8s and projects aro allocal8d lo the period in which th? events occ¢Jr. Wher8 donors do not 5pecrfy which performance donation5 and grants given lo the Charity should be allocated lo, this income Is Included in Income when receivable. Interest r8ceiv4bl¢ on func1$ held on d¢po$lt Is Sn¢luded wh¢n ro¢eivable 8nd the amount ¢an be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. Page 22 continuad... mb8r Or es raL to hgFI ACCOUNTING POLICIES- contlnu•d Expendlturo Liobililies are recognised as expendtture a8 soon 08 there Is a leo•l or eonslruct*ve obli9alion committing Ihg charity lo that gXP8nditur8, il 18 probabl¢ that o transfer of economic benefits wlll be roquired in settlament and the amount of the obligation can be mga5ur8d roliably. Exptndilurè is accounted for on an accruals b88Is. excludlng recoverable value added t￿. Costs of raising funds comprlse the co818 as8ocSats¢J wllh attraGling voluntary income. Charllablg activity 8xpendiluro ¢ompri8es thoso COBts incurred by the charity in the delivery of rts musical and educalicnal activities and 3ervices. 11 includes both costs that can be allocated directly lo such activities and those c08ts of an Indlrettl nature nèce$s8ry lo support them. AII cos1$ aTa allocalod beNveen the expenditure categories of the SOFA on a basls desSgned lo r8ll8cI the* use ol ihe ro$ourc8. Cost$ relating lo a parbcular activity ara ￿located dlredly. Other cL¥81s aro apportioned on an estimated basi8 beiween charitable actiiAtie$ and support ¢o$ts. Irrecoverable value added lax Is charged as 8 total cost ogalnsl tha aclivty co8t centre. Expenditure rel8ling to Ip￿￿1¢ performan¢•5 and proj8cts arg glloc3tod to the period in which the events occur. Tanglblo flxèd a8$ot• Prior lo 1 Aprtl 2020, capital addillons of equlpment were wrltten off lo the In￿me and Expendllure AcGounl in th8 year of acquisllion and there was therefore no ¢horge lor depreciation. The normal requiTem&nt Would bo for tho COPltalisalicn of office equipment and for dopr8cialion to be chgTggd thereon. Thi¥ position ￿nn0t b• trasily quanlrfiBd due to the mixture of purchased, fundad, pwuy lunded and donat¢d equipment. Thus for clarity, thig polley has been adopted lo give a true and fair When assets were transferred in 2021 from Sinfonla Viva Events Ltd, they wer8 capilalisgd and are belng depreciated. The assets CDmpTiSO of office furniture, office equipment, computers, printars and a vehbele. The Trxad ass¢l$ are in8ured for a total of £27,300. Loaoghold Improvemont8- 20¢A slraighl Ilne from 1 September 2015- n¢)w fully written off Equipmgnt- 20•A slTaight line Motor vohldes - 20gh straight Ilne Cornputgr e4ulprnonl- 33.33% slraighl Ilne Taxitlon The charlty is exempt from corporation tax on ils charitable 8clivities. A government initiative, Orchestra Tax Rel￿f, glv88 rl8e to a clalm for CorporatSon Tax Rellaf whl¢h IB r8congi50d as Inor2mo receivable in the SOFA. Fund *ccountlng Unrestricted fund8 can bo used in accordance with th• charitable objoclives al the discretion of thg Iru8tea8. Reslricl8d funds Gan only be used for partlcular reslrbcled purp06e$ wlthin the obje¢l8 of the Gharity. R8slTiclions arise when specifiad by the donor or when fund$ are rai69d for particular rgslricted purposes. Page 23 ¢onllnu&d... vach ar ho nancl Stat•m8n nt nu ACCOUNTING POUCIES- contlnu•d Fund #ccountln9 Further explanallon of the nature and purpose of oach fund Includ•d in tho nots¥ lo the flnan¢MI slalgments. Hlr• pur¢ha•• and l•aslng ¢ommltm•nt• Rentals paid under Dperaling iea5e$ are charged lo tho Statement of Finsncial AclivitieB on 8 Jlraight line bag15 over the period of the thse. Penslon costs and other post-retlrement benefit• The charttable company operates a defin8d contrlbutlon pen81on 8cheme. Contrlbullens payable lo tha charitable companws pension Scheme are charged to tho Stal8menl tsf Finan¢lal Activille$ in th¢ period lo which Ih¢y relat&. Donatèd aervlees and faellltl•* Donoted 8ervi¢es or fa¢ililies ar¢ re¢ogni8ed aj inoome when the charity ha8 control over the item, any ondition assoGialed with the donatgd ilom havg boen mgt, the receipt of economic b8n8fit from use by the Gharity of th8 i(om is probablo and that 8conomic benefit can be mea$urod r8liably. On rgceipl donated services and facllilies are recognised on the basis of the value of the gift lo the chaiity which is the 8mounl the ch8rSty would have been wllling lo pay to oblaln servlces or lacllilie$ of equivalent economlc benefll on the opèn market, a corwspondlng amount 1$ than ffjcognlsed in expenditure in the perlod of r¢¢¢lpl. D•btor• Debtors ar• rncognised at the 8ottlom•nl amount ow•d to thè Charity or prepaid. Crodltorn CrgdiloT$ and provislons arg rgcognisod where the CharEty has a present obllgallon Tesulllng from past event that will probably result in the Iransfgr of fund$ lo a third party, and the amount due lo s8tt18 the obligation can be measured or estimated roliably, Credllors and provisions are normally rectsgnis•d 01 their settl•mtnl amount, CRMCAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Th• proparalion of accounts u¥ing generalty acc•plèd accounllng prtncipl8s requirej managemanl lo make eslimale5 and a38umption8 that affect the reported 8mounls of assets and Ilabililies at the dale of the 8ecounts and the ￿Ported 8mounts ol revenues and expenses durbng the reporting period. The key gslimales and 01oumplions u6ed in the FinanGial Statemont5 are detslled in the accounting policie5, DONATIONS AND LEGACIES 2Q24 2023 Donatlons Gift aid Leg4¢ies Gr8nls 20,821 1,231 4,336 19481 5,098 54,896 6,400 28,452 103,382 Page 24 ¢onlinued., Vlv Cham eror Inan OTHER TRADING ACTIVITIE8 2024 2023 Equlpmenl hlre Equipment sale$ 4,430 8.002 3.575 3,190 12,432 6,765 INVESTMENT INCOME 2024 2023 Depotsil account interest 1,136 654 INGOME FROM CHARITABLE ACTIVITIES 2024 2D23 Eng•gemonl8, ticket 381es and education projects (excluding granl$l Other grants Grants from publlc bodles Sponsorship 288,785 36,952 205,642 25,000 157,863 68,505 205.642 25.000 554.359 457,010 Gfanls from public bodies In¢lude8 cor8 funding of £196.642 from Arts Councll England 12023-. £195,642). RAISING FUNDS Ral•lnq donatlon8 •nd l•ga¢l*s 2024 2023 Staff cts8ts Staff expen8è8 Fundr8islng costs 30,445 37,919 120 3,049 10.054 40.499 41,088 Page 25 conlinuad... Vlv Ch mb•r Or Slnfo traL Ina CHARITABLE ACTIVITIES COSTS 2024 2023 Expenditure on charrtable aclivilie8 476,527 397,111 SUPPORT COSTS Other resDurc•¥ expended Sl•ff Costs. managem•nl Humon Resourc•s Finance Other T¢lals 2024 88,019 6,200 1.342 104,617 200,178 2023 104,807 11.564 823 67,985 185,179 IQ. NET INCOMEIIEXPENDITUREI Nat incomg1{8XP8ndilurel 15 slal#d aftgr chargingllcrodiling): 2024 2023 Depreciation . owned a8getO Op8rating lea58s- rent of premises Independent 8xamlners feè 7,630 14.000 1,650 9.825 14.000 1,500 11. TRUSTEES. REMUNERATION AND BENEFITS There were no Iru$tea$' remun•ralion or other bgnefils for tho ye4r 8nded 31 March 2024 nor for I year #nded 31 March 2023, TrLs$t••a' •xpon$•s Ther• wgrg no Iruslee6' expenses paid for the year gnded 31 March 202412023,. £01, 12. STAFF COSTS 2024 2023 Wag6s and salarles Social $e¢urily ¢0s1s Other pension costs 209,723 16,132 4,668 235.710 19,541 5,556 230,523 260,607 Th• avtrrage rnonlhty numbar of employees during the year was as follows.. 2024 2023 Fundr81glng Charitable artlvilie$ Support No omployges rocgived ornolurnent$ in oxcess of £eo,000. Page 26 eonlinued.. Vlva Chamb•r Orches radl Info aVIv No o the Flnanclal Ststements- co Inuéd 12. STAFF COSTS - contlnued Key managomenl parsonnel T8mun&ralion for the year wa$ £147,10612023'. £140,653>. 13. STATEMENT OF FINANCIAL ACTIVITIES TO 31 MARCH 2023 Unre8tricted Re8tri¢l8d fund fund Ttstsl funds INCOME AND ENDOWMENTS FROM Donations ondlogacies 28,288 75,098 103,382 Charltablo &etl¥ltle* Engagements. Ikkol sales and educatl¢n projects Grant5 from public bodi08 Sponsor8hlp 92,883 205,642 25,000 133,505 226,368 205,642 25,000 other trading aclivili•s Investment income 6,765 e54 6,765 654 Tot•1 359,210 208,801 567,811 EXPENDITURE ON Rai8ing fundy 41,Q88 41,088 Charttable a¢tlvltlg• Expendrture on chaTllable a¢￿VIleS 175,254 221,857 397,111 other 179,329 5,850 185,179 Total 395,671 227,707 623,378 OrrthpslrA 18x r81ifif 38,838 36,83e NET INCOMEIIEXPENDITUREI Tfan8fer8 between fund8 375 118,2661 119,1061 18,26fj 118,7311 Ngl movofflont In funds 117,8911 18401 118,7311 RECONCILIATION OF FUN08 Tol81 funds brought I0￿8rd 191,291 59,846 251,137 TOTAL FUNDS CARRIED FORWARD 173,400 69,006 232,406 Page 27 continued.., Vlva Chamb rO￿h88 raLt Note5 t t eFI anclal Stat&mentJ - contl u e Y•ar d31 024 14. TANGIBLE FIXED ASSETS Le88ehold improvemonls Equlpment Motor vehicles Computer oquipmenl Totals COST Al 1 April 2023 Disposals 29,727 20,573 15.052} 10,QOO 6,456 66.756 15.0521 Al 31 March 2024 29,727 15,521 10,000 8,458 61,704 DEPRECIATION Al 1 Aprll 2023 Charge lor year Ellmlnoled on dlsposal 29,727 10,287 3,479 12,9741 6,000 2,000 2,152 2,152 47,166 7.631 12.974) Al 31 March 2024 29,727 10,792 7,000 4,a04 51,823 NET BOOK VALUE At 31 March 2024 4,729 3.000 2,1S2 9,8ei At 31 March 2023 1Q,286 5,000 4.3tM 19,590 15. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trad8 d$btorB Other debtor¥ Tax Prapaymenls and accrued Sneome 43,311 2,355 73.743 18.089 65,213 1,369 36,836 12,344 137,498 115,782 18. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social s•¢urily and olh•r taxe$ Other creditL)rs AGcrua18 and deferred income 83,296 13,229 1,790 5,550 31,886 15,01e 2,790 6,743 83,866 5e,437 Page 28 continued.. bor Lt os t tho Flnancial Sta s-cont 17. LEASING AGREEMENTS In August 2015 the Charlty entered Into 8 10 year le88e on the premls88 at Roblnson Industrlal Estate with the following commilm8ntS'. Y•ar 1- £10,000 pa1£8,$00 pa funded out of ACE Capital Grant) Ye8r 2- Rent free Years 3 10 5- £10,000 pa1£8,500 pa fundod out of ACE Capital Grant) From 18 August 2020 to 17 F•bTU8ry 2022 - £11,500 pa From 17 February 2022 - £15,000 pa A rent rèview look plac• in year 5. 18. MOVEMENT IN FUNDS Tran8fer8 bthaen fund$ movement In lund$ Al 31.3.24 At 1.4.23 Unr￿trICtOd fund¥ General fund 173,400 123,6931 13,1881 146,519 R•strS¢t•d fund• Restricted fund 59,006 123,3891 3,188 38,805 TOTAL FUNDS 232.406 147,0821 .185,324 Nel movement In fund6, Included In the above are a8 follows.. Incr)ming resourGe8 Resources expended Orchestra tax rgllef MDvemtsnl in funds Unr08trlcted fund9 General fund 425,097 1522,533) 73.743 {23.6931 Rostrl¢t8d fund• R$$tri¢led fund 171,282 1194,671} {23,3891 TOTAL FUNDS 596,379 (717,204} 73.743 147,0821 Page 29 conlinued,,, Vlva Chamb8r Or¢h In o Flnancial Stat•mon • ¢ontin for the Year Ended 31 arch 18. MOVEMENT IN FUNDS- c¢ntlnued omparatlvos for movgment In funds Nel movement in funds Transfers between funds Al 31.3.23 At 1.4.22 Unre•trlcted lunds Gengral fund 191.291 375 (18,2861 173,400 Rostrlct•d fund¥ Restrlcled fund 59,846 119,1061 18,288 59,006 TOTAL FUNDS 251,137 118,7311 232.406 CDmp8ralive nel mov•mènl in funds, included in the above afft Èy follow8.. Incomlng resources Resoure86 expencled Orchestra IAX rellef Movement in funds Unrestrlct•d funds Gen¢r81 fund 359,210 {395,6711 3e,836 375 Re8trlcted fund8 R¢$lr¢¢t¢d fund 208,801 (227,7071 119.1061 TOTAL FUNDS 567,811 1623,3781 36,838 118.7311 Page 30 conlSnu•d. bar Or g Flnanclal StatemBnts- con 18. MOVEMENT IN FUNDS- contlnu•d At 31 March 2024 R86trl¢ted Fund At 1 Aprll 2023 Income ExpondFturo Transforn Arts Council England 8ig Give Rèimagine Proleety 88rgne-Copland Babgrgh Care Bemrose Sing Viva- Carer5 Choir MEHEM- Uprising Derby M<>or Lees Brook Cullurg Cafe Place- Hubbub BBsildon Paddington DCEPFIRS School Prol8cl K¢yham Lodge L8ics Cre818 Arcade- Love Story Eartheart DRrr Good Company Essex STEAM - E4rly Yeors KODI Caiers 0112rton 14,858 15,8501 8,806 .9,814 9,814 3,400 11,466 1,000 114,8661 1.000 4,352 1,800 3,070 150 1.800 1,785 28,260 1,680 27,901 14,3521 1,800 3,000 4,991 1,000 15,4341 11,1501 13001 198} 124.26DI {10801 127,9011 373 1,500 1,785 4,QOO 600 2,800 11,450 11,940 4,441 6,050 25,650 1,039 6,100 17.800 12,8001 118,9051 114,4851 18,8541 16,Q501 125,6501 {8,7561 {8,1 DO} 117,8001 7,455 9.025 4,413 6,500 5.000 2.717 Total 69.006 171,282 Iq 94,6711 3,188 38,805 Arts CounGII England An amount fo £29,606 was transferred from Sinfon58 Vlva Events Ltd ISVEI on Ihg c1058 of the Subsldiary company. Thi6 represen18 the balance of a grant mada to SVE lor th¢ payment of accommodation rent. A lolal of £8,808 is carrted foward. Blg Glv& A balance carried forward of £9,814 from the Big Give Arts for Impad Comp8ign lo support aellvrty for péople livlng wllh domentlo In Dorby Ind D?rbyshlre. R8lmaglne Project8 - A bal8n¢e brought fornard of £11,466 for an envbronrnenlal themed prciecl for SEND pupils allending Derby Schools - 011 spent in year. B•rynrtopland Charlty - This is a grant not spont in th8 yaar iastricl8d lo work In Lincoln5hir9. A balance 13 c8rried fo￿Vard. Baborgh Car• - A project for people who live in care setting8 and learning disgbled adults living in the Gommunity in Babergh, Suffolk - all spent Sn year. 8gmroJg - A balancg of £1,800 carri9d forward for a seTi85 of acllvltlas In and out of School for pupils al BemrDs& School, Derby. Slng Vlva Carars Cholr . A ba18nce brought forward of £4,991 from Erow?$h Voluntary Adion to support Sing Viv& Carer9 Choir activity all spent in year. A b818nce carried fornard of £3,000 from D'oyly Carte Charitable Trust lo support Sing VSva Carers Cholr acllvlly. MEHEM Uprl¥lng Uncolnshlr8 Mujlc Sorvlce$ A balance brought foTwaTd cf £1,000 for the legacy programme of tha MEHEM SEND Uprising projgcl- all spent in year. Page 31 continued... Vlva Ch mbèr Or Inf t to tho FlnanGlal Ststements - co In MOVEMENT IN FUNDS. continu•d Derby Moor - A b818nee of £1,SOO carrled forward for a yerlè8 of actlvitles In and out of school for pupll$ 01 Dorby Moor School. Derby. L008 Brook - A balance carrled forward of £1.785 for a serles of aclivltle6 in and out of school for pupiEs al Lees Brook School, Derby. Cultur• Caf•- A balanc• of £4,000 carrled foN4ard for a project for un•ccomp*nied asylum seeking young people liviny in Derbyshire. Place - Hubbub A balance carriod forward of £800 for & Gollaborative project with a local theatre ompBny forlgarning disabled chiklren. Ba•lldon P*ddlngton- Workshop8 for 8chcJols and family perfoman¢es for communitios in Basildon, Es5ex- all spent in ye8r. DCEPFIRS School Prolect - A 88rie6 of activitie8 in and out of school for pupils at Flrs Primary School, Derby- all spent in year. Kgyham Lodge A balanc8 brought forward of £7,455 for a crggtlv8 music project in a Soclal, Emolir)n81, Mental Health school in Leic$sler- 811 sp8nl in year L•leJ Cr•at• - A balance brought lomard of £9.025 for work ehlldren and young people In Lelcesler and Lelce81ershlre - all spent In y68r, A balance carrbed foward of £6.500 for 8 creallve music project for baginner In61rumenlali$l$ In L6i¢e$ler ond Lei¢eslershire, Ar¢•do Lova Story - A balgnco brought lorwgrd of £4,413 for 8n inlergeneralional communlty songwriting prcjecl in Scarborough, North YDrk8hire- all sponl in year. Earthèart DRTT - A ¢realfva mu$lc prole¢t wllh Deep Roots Tall Tr￿6 ¢holr, and young people from Corby MusiG Centr8, Northamplonshire - all spent in year. Good Company E••ox A cross-orts programme for Iholp living with demgnlla and their family carar5 in Bren￿Ood, Essex- all spent in year. STEAM . Early Y•arn - A balance brought forward of £5,000 from Foundation Derbyshire (Tom Carey Fund) for work8hop8 for pre-8chocl children and & Famlly Concert for the under 5,8 In D8rby- all spent In year. Kool Carers A prograrnme 5UPPOrtlng young caror5 and Iho$a livlng garly onBet domonllo through crealiva workshops in Basildon, Essax- all $p¢nt in year, Ollerton - A crèatlve mu8le project for primary and secondary school pupils, and thè local brass band, n Ollerton, Nottlnghomshlre- all Spent In yeor. Page 32 ¢onlinued.,, nanclal Statements - c ntln 18. MOVEMENT IN FUNDS. ¢ontlnuod At 1 Aprll 2022 At 31 Mar¢h 2023 RostrlGtod Fund In¢omg Expondltur• Transfers Arts CounGil England BBC Children In Need Reirnagine Projects Bergne-copland Essex EAP Plonogr8 Sing Viva- Carers Choir Mehem . Uprlsing PRS- 40th Ctsmmls$lon BaRock Live Culture Cafe DCEP Youth Voice Deop Roolg Tall Trees Music Hub- Big Slng Keyham Lodge Leics Create Arcadg- Lovo Story Horizons- Ollerton South Ho119nd EAP STEAM - Early Year8 Total 20,508 4,588 21,460 1,ODO 3,700 3,499 4,395 700 {5,8501 144,8511 147,7691 14,658 40,25S 37,775 11.466 1.000 6,550 7,173 23,481 3,118 6,200 110,2501 124,3991 125,7761 {2,8181 (6,2001 {1,5501 (8,1591 13741 (6,7001 18001 12,8451 125,7751 13,727 2,891 4,991 1.000 1.550 8,159 370 8,700 800 10,300 34,800 4,413 13,507 7,455 9,025 4,413 113.5071 (941 5,000 208.801 5,000 58.006 09.846 1227,7071 18,266 Arts Councll england - An arnounl of £29,806 was Iransferr8d from Sinfoniq VNa Evonts Ltd ISVEI on the clos& of the Subsidiary company. This represents the balance ot a grant made to SVE for the paymanl pf accommodation ronl. A total of £14,656 is carried forw8rd. BBC Chlldr•n In No•d - A balanee brought Ic)rward of £4,586. AddS1ional fundlng of £40,26S was received in the year in respect of ongoing project aGlivlly in SEND settlngs. All spent in the year. Rglmaglno ProJ•ctB - EnvirowR•imagine - A balance carried forward of £114e6 for work with SEND settings In Derby. Bergne£opland Char5ty - Thls18 8 gr8nt not 8penl in the year restricted lo work In Lincolnshlre. A balane8 Is Carrled fotward. E•sox EAP- A legacy proioct with old8T P80plo Ilving in Essex compl81gd In th8 y8ar. Plon••r•- A fund for th6 crealian of a film documentary comploled in the year. Slng Vlv• Carnrs Cholr- Included., Award8 lor All - An amount of £8,990 wo8 received in the year to be used lo $upport Slng Viva Carer6 Choir activtty In Dgrby and Chg$19rf1gld. All $ponl in th8 y8ar. East Midlands Airport Community Fund - An 8mount of £1.960 was recelved in the year lo be used lo gupport Sing Viva Carer8 Choir actlvity in Derby and Chostsrfield. All spont In the year. Prince of Wales's Charitable Fund An amount of £1,500 was r8ceived in the year to be lo support Sing Viv4 Carars Choir activity in Dorby and Ch8Starfi&ld. All spont in the year. A3da Foundation An amount of £2DO was received in the year to be usod lo $upport Slng Vlva Carers Choir acllvlty In Derby and Chesterfield. All spent In the year. Poge 33 continued... Vlva Chamb•r Orch tra Lt In otes to the Financial Statomont$ - co tln for the Year E ded 31 March 2024 18. MOVEMENT IN FUNDS- continued Erewash Voluntary A¢lion - An amount ¢f £4,991 was reG8ived in the year lo b8 u58d lo support Sing Viva Carars Choir #divity. A total of £4,991 is carried forward. MEHEM Uprl¥lng - Lincolnshire Music Servteg - A balanc8 cath8d forward of £1.000 lor work on the MEHEM SEND Uprising Project. PRS Foundation 40th Commls•lon - An amount of £6,200 was rnceived in the year to be Ltsed for the commi$81oning and promotion of an orchestral work by Preelha Narayanan. All spent in the year. Keyham Lodge - A balanc8 C8rrled forward of £7.45S for work with Chlldr¢n and Young People wrth SEND Arcade A balan¢e carried lorward 01 £4,413 for work with GommunilieF in SGarborough, North Yorkshlrt STEAM Early Years - Foundgllon Derbyshire (Tom C8rey Fund) - An amount of £10,000 was received In the year for work in the Abbey Ward of Derby Cty. A total of £5.000 18 carded forward. Transfor8 betW•on fund8 Transfers have bean made trom the general fund where necessary to providg additional funding in 8UPPOrt of the reslricled fund project¥. 19. CONTINGENT LIABILITIES General Donallon• In accordance with normal practice, the terms of certain grants and donation5 may Tesutt in repoyment of 811 or part of thè amounts receSv8ble If the condillons of th81 Income are not mel. The In¢orn¢ m&y be sublecl to r8trosp8ctlve checks ancl audlls undertaken by or on boh8W of the in¢ome providers, To the extent that conditions are unable lo ba mel, grants or donations may be repayable. The directors do not believe that any materlal amounts will need lo be repaid in raspecl cf incomo included in those 8e¢¢unls. 20. RELATED PARTY DISCL08URES At th8 closure of the trading subsidiary, Slnfonla Viva EvenlB Ltd, all moni95 Wor8 donated lo th• charity. Th15 included £29,606 originally received in funding from th¢ Arts Cauncil for rent payment$. The b818nee of £8,80612023'. £14,656) is held within roslricled lunds. Support 1$ given lo the charity by Rolls RoyGe and DeTby City Council. the d8ta118 of whlGh are contained within th• Truslges Report. There were no tslher related paty tran$acllons lor th¢ yegr or proceding year. Pag8 34 Conlinuod.., Vlva Chambor rche In Lt to tho Flnancial Statements - co 21. ULTIMATE CONTROLLING PARTY As noted in the Trustees. Report. the company 18 a reglslered charty, Ilmiled by guarantee and not havlng share c8pitsI. Each member's liability is limited lo £10, 22. TRUSTEE INDEMNITY INSURANCE The overall insurance policy premiums include cover for the Charity Trusloe Ind•mnlty Insurance providlng cover of up lo f 500,00012023.. £500.0001. 23. PENSIONS The ¢harlty auto-anrollgd ils staff into a defined CDntribution s¢h¢me on 1 June 2016. Payment8 In the year lolalled £4,66912023.. £5,557). CONTINGENT ASSET Slnfonia Viva was informed in June 2023 Ih8t they wer8 to b8 tho baneficiary of a leg8By from a person de¢eas8d prror to th8 315t March 2023. The legacy 1$ subject ID the sale of a property, with Sinfonia Viva raceiving a 3.5714thA 3h8re.of the residue in the estate. The exact amount lo be fecelved will be deltsrmined once the sale of the property is completed fof whl¢h th6r¢ Is no d6flnlt4ve tlmellne. Page 36