REGISTERED COMPANY NUMBER.. 01879552 IEnllland and Wales) REGISTERED CHARITY NUMBER: 291Q46 • Yaar d•d 025
iv Tradin Orchest as Slnfo ia Vlv• C tents of th ancl l 8titem•nta r Ended 3 reh 2025 Pag• R•fornnc• and Admlnlstratlv• D•tsll• 1 to 2 Rfjport oltho Tru8tee8 3 10 13 Indepond4nt Examln•rfi Report 14 stat•m•nt of Flnan¢l•l ktlvltl 15 B•lan¢• 8h••t 16 10 17 Ca8h Flow 8tatomont 18 Noto• to tho Ca•h Flow 8tat•mont 19 Notm to th• Flnanclal Stat•m•nts 20 to 33 Detalled Stat•m•nt of Flnanclil A¢tlvlfj 34 to 35
Tradin as Slnf I •r•n r tho Year ndod 31 26 Thg Dlrectorgrrru8te¢$ 6hown bolow have hold offKe during the yeBr ended 31 March 2025 and to tho dale of this repart unles$ olhèrwi8e staled. Ela¢ted Ele¢led Elected Elected Elected Electèd Appoiftted Appointed Elected Appointed Elected Elected Elected Eleclod Appolntsd Dr G All8OPP Mf8 M Cookhorn M$ B D Crighlon MrAAPDavis Mi¥$ H Garrigan Mr8 H S Ge8ry Mr M H8rtley Cllr E Lon8dale Mr W N Matthews Cllr K Morg8n-McG•eh*n Mr C L Muldal Mr A Nicklin Mr K Spiers Cllr R J Wood Cllr G Patter Ifrom October 2D24) (from Octobor 20241 Chalr (from Odober 20241 (from July 20251 lunlll July 2025} Ifrorn July 20261 (until October 2024} {from August 20251 Member of the Flnan¢e and General Purpose Sub-commtttè Mernber of the Fundrai8ing Sub-commtttee Momber ot tha Equality. Dlversity and Inclusion Sub-cornmittee M8mber of the Artistic Dovelopment Group Saf8guardlng Lèad on Board.. Mr A N Nickhn {to July 20251 and Dr G Atlsopp (from July 20251. REQISTERED OFFICE Offic8 7 Kings Chambar8 34'Queen Street Derby Oerby8hire DE13DS REGISTERED COMPANY NUMBER 01879552 (England And Wales) REGISTERED CHARITY NUMBER 291046 ACCOUNTANT8 Bales We51on LLP Ch8rtered Accountants The MS118 Canal Slr8el Derby DEI 2RJ INDEPENDENT EXAMINER M Gumey FCCA. DChA Oains Audit Ltd 2 Charnberlain Squaio Paradise Circus Bimingh8m B3 3AX P8gg 1
Iva Chamber rchéstra ce for tha Year End8d 31 March 2 26 CHIEF EXECUTIVE Ms L A Galllard COMPANY SECRETARY Ms S Penn IRe$lgned 28.10.251 WEBSITE WWW.8lnlonlavlv8.¢o.uk BANKERS 8arclay8 Bank PLC 17 Plains Road Mapperley Nottingham NG3 6LG PATRONS The Kann8h-Mason Family Page 2
lya Chambe Orch str• Tradin assi fonla Vlv The Iru51e88 who arg also diroctors of the charity for Ihg PUfP0505 of th8 Companies Act 2008. present thgir report wf(h the financigl ¥18lem¥nts ol tho charity for the yeBr ended 31 March 2025. The Iru8l¢es have adopted the provi8ions of Accountlng and Reporting by Charitie5." Stslemenl ol Recommended Practice applicable lo charities proparing their accounts in accordance wllh tho Fln•nel81 Reportlnp Slandofd appllcablo in the UK and R8public of Irqland IFRS 102) leffe¢live 1 Jènuary 2019). OBJECTIVES AND ACTIVITIES OblèGtive3 irid alm& The o>blecl$ of the company In the year under review were as dolined by Its Memorandum And chir4ty gi8lralion Instrument lo promote and 8dvance adu¢allon of the public by encouragement of the arts in general and Sn partlcular the art of muslc. Thg Dlre¢tor6 are $81isfied that these alms Bre belng 8chleved. To achieve its objects, th• ccrnpany's principal aclivf(ies are tho maintenance and m4nagemenl of the orchestra,. the promotion of ccn¢èrty by the orche51ra both on its own account and in conjunclian with local promoters and the pregent8tion of 8due8llon and other projects. Tho Board of Directors, which met four Ilm¢8 during tho yoar, has Overall Te8POll8lblllty for the comp8nl8 affairs. The Chief Executiv8 roports to Ihe BD8rd and is respon5ib18 for Ihg oporaliDnal managgmenl of th8 company and leadership of staff. Sub-comrnitttes of the Board cansidor detailed issues and tha Oirectors who 8re mernber8 of the88 8ub-commlttees am Indlcoled on page 1. During the yttai, IharB wore no material chan988 in the pollcles pur8ued by the comp8ny. Thè cornpany 1$ a règi818red chBritabl8 Company, limlt•d by lluaranle8 and not having a share capital. Slnfonla VIV8 18 0 ¢harty provldlng or¢he8tral perfarm8nce9, educational and creative music projects and P8rformanc88 In. vAth and for IoGo1 Gornmunities. Founded In 1982, Slnfonla Vlvo has estsbllshed a nallon81 reputation as a18adar in Groalive rnLt$lc activity in the UK, and remaln8 the only profession81 orchestra b88ed within, and working throughout, tho Ea¥t Midl8nds. VISION. MISSION, AND VALUES Vi8Son.' All communitleB are In8pired through mu81c. Ml4$lon.' Sinfonia Vlva 1$ an orGh•stra that li818n6, reBponds, and ¢011obor8les. We 8h&re creatlve projects and p8rformances whlch nurture, challeng8, and deliihl. VAlues'. We arè Crnatlv• across all a¥pect8 of our WOA. We are Ambltlou• lor our organi8alion, partlcipants and mu$lcl8n$, onabllng all to achlov8 thoir full potential. Wg Re8poct oll the peop10 we work wlh, valulng their conlrfbullons and provldlng an Inclusive And welcoming nvlronm•nl. Ex¢ell•ncg ia al the hoart cf everything we do. Page 3
Iva Chambèr Orchèstrn Tradln Inf nla Re ort of th Trust OBJECTIVES AND ACTIVITIE3 Public benefit AS slated abovo tho tyblects (rf the company are lo promote and advanc8 edueatlon of the publlc by èncouragement of the art8 In g8ner818nd In p8rtScular thè art of mualc. Comrnunlfy and EduGatlonal Actlvlty botwe6n Aprll 2024- March 2020: We directly worked wSth 4322 people on creallveleducaUonlcommunity projects Involving 8,860 att8ndanG across 304 66sslons. Within the ygar w• delivgrad 18 prol8cts andlor activthes for community 8nd educational groups. These Includ•d some new programme$ of activity with o focus on healttt and wellbeing in Derby. ulillsing Dur STEAM project model for delivery in the Ea8t Riding ol Yorkjhire, and two ints¥gen¢raliono1 partnorshlp proloct8. Th8 majorlty of our work ha3 taken plaGg within Ihg East Midland$, with arliwty in Derby. Nottlnghamshire, Laicesler and Lincolnshire. How8ver, wg have a150 dolivered commissioned programmas of work in the Ea51 Ridlng of Yorkshire, SLrfFolk, and Essex. Orché&trAI and Ch*mb8r Muslc Perfomance8 botrrteen Aprll 2024- March 2025: We dellvered 20 orcheotral, chamber, and18rge scale Jharlng evonts aCfQ88 the year a$ follow6.. OrGhe81ral programme8, including on8 Family ConGOrt 7 Chambgr re¢llal$. includlng four Relaxed Concerts 2 Famlly Concert8, including one Orchgslral Concert - 3 Large Scale Shartng events at thq gnd of Creativfj Projects Involvlng 8 or morg Slnfonio Viva Mustcians A lotsl of 11,812 audienc8 momber8 att8nded Ihaje perfoTmanco8. 17 of our parfomianc•8 look place wlthln the East Mldland8 110 in Derby, 3 in Notunuham, 2 In Nollin9hamshlre, 1 Sn Llncoln¥hlTe. and 1 in Q?rbyJhlr•l, a lurther 2 perfoman¢8$ look pla¢a In Brldllngton. East Yorkshire, and 1 took place In Suffolk. AGro88 the yeOT we enaag¢d 144 Indlvldual mualclans, 28 Conductors, solol6t6, creatlve mu8lc18ader6 and pre6enler6, and 119 orchestr81 musiclan8. Th8 Directors conflm that Ih•y have compliod with their dull under Section 17 ¢f the Cha11•8 Act 2011 wtth regard lo PublSc benefit. Poge 4
b r Orch tra nd6d 31 M ACHIEVEMENTS AND PERFORMANCE 202412025 Thè Direetor$ were pleased will the level of charitabl& aclivilie8 produGgd by th8 company durlno the fjr, The davolopmenl of new slr8nd5 of 8clivlty, increajed partnerships and collaborations with Other cultural organl$alions in Darby and beyond, 8ntJ the breadth of orche8tr81 and chamber perfurmances have baen particular highlights over thè la81 y•ar. Cr•atlvB Progr4mm We have delivered 16 crealiw progr8mmes over the year, Including a number of new prolacts vihlch have health ènd wellbeing focu8. These include 8 new -Yar partnership prajecl with Derby & Burton NHS Tru81. Sinfonla Viva rnuslclan8 are worklng along$ltle Air Arts Ithtr Hoypitsl's arts progrommel mu8ici8n5 to build their skills in working within a cllnical setting. All the partlcipatlng mu8lclan8 aro. receiving speciali51 CPD, including cllnician led Ir8ininu, to enoblfj Ih9m lo not only develop Ihelr musical engagement gkllls thIn h08pilal wards, but al80 to deepèn their underslandlng of the experiencej of both p3llenls and staff. We hav8 8180 bogun a highly 3ucces6ful 8erfe8 of Relaxed Concertg, focused prlmarlly on PrO1ng people living wllh dgrnentia in the communlty, and their e&ref8, with a 8UPPOrted and inlofmal concert experience. Our lims for this strand of activity was lo help reduce social isolallon. Improve tho men181 wellbelng ol attendee$, and create a supportive and SUPPDrttsd $nvironm8nt in which both Garers and Gared for could relax and 8h8re 8 posillve experknce Icg•lher. Evaluatlon of this prograrnme demonstrates the Impact that the progr8mme18 havlng on attendeos. 83% of attende88 8trongly agroed and 17% 4gro8d that 'eVonts like thlg a good for my w8llbelng': 'It'6 Iu8t 80 lovely lo Jlt and let the mu¥1¢ wash over you, and forget gbout ¢VehaNg that's 9olng on." Vgry loylul and relaxbng" An e8cap8 Irom r¢allty for an afternoon" 57% strongly agre and 39% agreed that 'evgnlB like thig help me feel eonne¢ted lo other people,: "AIw8yS pleasure lo have a natter to somg fri•ndly lace8 Ovgr a cake" The camaraderie 18 vory goodl" 48% 8trongly agreed and 39% agroed that 'my ne8ds and Int•r•$t* wertr consider when designing this V8nl.. "The audl8nce was very muGh Gonsidered when eregllng IhSa event. Bravol Loved the colouring $heats tao plus the iefreshments- 811 senses were con$ideredll" Feedback from a member of staff al Univorsal Carers, who gnabl• their gervi¢¥ us8rs to 4tt8nd the89 concerts further demonstrat&8 thè Impa¢l of Ih08e event3-. Th• fomiat Itfjglf18 unlque In Its off•rlng wlthlng tho muslcal group fomiats that exlst for Carers and tho$& belng Cared For In Derby Clty. Th• siru¢turo of R acts as * great conlalner, In that there l# wondgrful balance of anecdotg, storyi snlpp•tB to provok• thought and the range of muslc Its•lf. Th• teady flow Irom aach polnt and pl6c• of muslc 18 gentty sllmulatlng but not oveNihelmlng for thè n•r¥ou¥ #tern. On r•turnlng to ch sqgslon, th•rg h a r•i#Buranc8 In thg famlllarlty of th1¥ itruGturo as well 41 the néw theme or rang¥ of muslc that Is Introduc•d. The longth Is porfect for holdlng attgntlon and concentrntlon enough wlth the lum of ts3ty refrashments afterward8. Tho addltlon of bèlng ablo to talk to the Muslclan's •nd have tho conversation slart&rs availablo on tho tabl06 SUPPOrt6 that oth•r layer of Int•Y#ctlon, communl¢•tlon ind cogniva actlvity. Additional acuvity wlth a focus on health and wèllbelng wa8.Llelivered In partnership wrth Oreheslra5 Live in Essex, Lincolnshire and Suflolk throughout the year. fwo of Ih88e projects had an inlergeneralional foeu&,' one saw young musicians performing along$id8 residents from $hgltered housing un118 In South Lin¢oln$hir&', while in Suffolk memb&rJ ol The Bridge Project lan organisalion supporting adults with learnlng dl8abililie81 partl¢lpaled alongslde care home reyidents Ilving with domenlia in a project in Sudbury, Suffolk. Page 5
e8tra Tra In 31 rc W8 conllnued to dellver a number of programme$ of act1Y for childran #nd young p•opl8. Through our ongoing partnership wrth Rolls-Royce PLC we were able lo provlde over 500 children ond Ung people in Derby wllh our Mechanical Advantage ProleGI which explored the 8¢18nce behlnd gearg, lever8. and pulley9. We once ggain worked in partnorship with the learnlng taam from Derby Museum6, wlth th8 pr4ect culmlnallng In two perf()rrnAnco8 al Derby Th88trvJ on 1st April 2025. This strand of our work continue8 10 8UPPOrt ¢hll(tr6n In Some of Ihtt moyt yocio-economlcally deprived area3 of the Cty of Derby, providlng them n¢1 only wrth an excepllon81 cultur81 and crealive &xperience, bul 8180 supporting Ih¢lr learning and heightening Ihgir in18re8t Sn STEM 8uble¢t8. A member of staff involved In tho project Said.. "Cr•atlv• prol•cts wSth Slnfonla Vl¥a arg oxlr•fflgly Valuable to our chlldren. They give th? chlldrnn th• chancv to work wlth profos$lon•l muslclans. explore thèlr car6or and ask que$tlons. It alBo helps to bulld th¥ chlldren's Gonfldgnco, ¥o¢lal skll and ablllty to work a* J tgam. For m•ny of our chlldren the9• •xp•rlence¥ are Ilfo-chanuing and they gèt to use thelr creatlve taltrnt to compo¥o a song . Jornethlng whlch many n•v¢r thought they would be able to do. They then 9et to gee thèlr 30ng come to Ilfe and many have sald how proud th•y ar• of thglr wark." This y8ar wa a150 dglivared a STEM prc4O¢t in East Riding. Energy Is a proleot we fir81 delivered In 2017, and throughout the project partlcipants oxplDre th8 history of gnergy from foB8iI fuels lo the dev81opment 01 9re8n ènergy and use this as the startin9 point for th8lr own cr$alive writing and song creation. The final performanc8 ol Ihls project, given al Brldllngton Spa. was ovailable lo schools throughout the country vla streamed recording. and it has been vl8w8d by over 7,000 chbldren and young people. AddiliDnal acllvity wllh childron ¥nd young peoplo includgd a creative prole¢t with Unaccompanied A8ylum Seeklng Children and Young p8opl• in Derbyshire, pupils attending two 5PgGial Schools In Llncolnshire, Energy Insp1 work¥hops In Nottingh8mshlre. Inlorrnal out of school aclivilie5 for children wllh addition81 negds In Derby Ihrouoh a partn8rshlp wllh Hubbub Th&alr6, and of our mu51cl8ns attended 8 new Earty Year$ project being delivorgd by Dgrby Cathedral to 8howGase Ih81r In8trumenl8 and perform for the chlldren and parents allending, Orchestral and Chambor Mujlc PorformanceJ W¢ have continued lo work collaboratSvaly 1 local cuttufal And muyical partner8 acrois th• yoar for mèny of pur Goncarts. While our main perfom)anGe venues remaln Dèrby Cathedral, Deiby's Museum of Making and the Royal Concart Hall, Nottlngham, w8 have also glven Nvo con¢ert$ al Soulhwell Mln8ter wlthln the y68r and performed al the hlstoric Cromford Mills in the D&nNgnl Valley, Derbyshirg. Hlghllgh18 of the year hove Snduded a Famlly Concert featuring a perforniance Df tho chamber vorsion of Pelor and th8 Woff. Dellvered In partnershlp with Derby Cathèdr81, Ihls eoncert Saw Kadiatu Kanneh-Ma8on, on• ol our PalrDn5, work with the orch¢4lro lor th8 first time a8 8 presenter and narrator. We 81yo perfomied al Southwell Minster for the first lime thi$ year. FirBlly, for a concert of Christma$ Mu$tG along81de Ihfj Calh8dral Choir to a cap8cIty gudlence, Tha second concert saw us bnng lugBthor the ¢ombined Ghoirs of Derby. Coventry. L&l¢esler and Sovlhwell Cathedral far #n Incrodibly 8pecial performanc8 cf Durufla's R8quigm wrth a massed ¢hoif of over 10Q $Sngers. Our concert series In Derby Is now fiirnly eslabllshed. We aim lo provid8 a broad variety of orche$lral and chamber mu61c for our audlence8, and thig ye8r was no exception. From a Bar0 concert featuring Bach, Concerto for Two Vlolln8 and Vivaldl's Glorla. lo an all Americ8n prtraramme of Copland, Barber, and Augusts Reid Thomas, The mlx of muslc was insplr•d. 11 a loy to hoar mu81c I wa• unfomlllar wlth. I brought a frlond long who at th• ag• of 66 had n•vor IlJtan•d to ¢lasslcal muslc bgforg and dèsplto Ilvlng In Derby h[8 whole Ilfe had n•vor boon In D•rby Cath•drAI. H• wii tronsflxod, ¥ald ha folt Ilko hls Ilfg had been ch8ngedl- Audience feedback Pag• 6
oft e Truste he Y•a We have given three ¢onGert8 al th8 Royal Concart Hall In Nottingham. and were delighted lo welcome back conductor Delyana Lazarova for our concert there in March whar8 she élrecled the orchestra In 8 memorable performancpj Df Beethoven's Symphony No.8, We also returned for the Darley Pork Concert In August, and Were thrilled lo be joined bytenor Nicky Sp#nce. We hav8 conllnued lo champion works by female and Underrep3ented cornpostsr8 within the year having performed works by Fanny Mendlas50hn. Rebecca Clork, Ange18 Mortey, Caroline Sh. Cecelia McDowall, Augusta Raid ThornBB, Amy Beach and Valerie Colem8n. We hav¢ 0110 ghowca8ed the In¢r¢dible and dlver3è talent within our orche3lrB our Leader, Sophie Rr>sa, featuring ds a solo16t In a number of performance8, and our Prlncipal Ob¢e, Maddy Aldi8.Evan¥, and Principd Trump8t, Anthony ThompBOn, stepping out aB sol018ts for a perfomonGe of Cop18nd's Qulet City in March. Every part of tha programmo was d••ply absorblng and rl¢hly •ntertalnlng. Morv•lFous to Joe bololsts, r•glonal orchestra and cholr at th8 top of thfjlr game. Wondorful atmosphèrè, packod iudlènces and thrllllng to have such a graat ov•nlng In Darby Clty centr•.- Audience feedback Pag• 7
Vlvll ChBmb•r Orchestra din a¥ Slnfonla Viv de March 2026 ACHIEVEMENTS AND PERFORMANCE Further d•v•lopments Th&nk8 to 8 grant from The Fo8 Foundation we have boen 8bl8 to In81 In the dev8lopm&nt of a new webBi!e wllhln the yeor. Thi8 went Ilve in August 2024, and is already having a sign5flcanl ImpA¢t upon the organ15atlon. With a ¢learer, more n8vlg8ble web811e we have seen a significant incTease in traffic. as wall aB morg peopl8 iignlng up to rocelv6 our dlollal n8w81etter8. We held open rgcruitment for Bo?rd Nqembers in the $umm8r of 2024, wkh an excollenl re8pon8e resulllng In three new Tru8lee$ belng &ppoSnled at the AQM in November, and a further twg Truste88 belng ¢o-opled onlo th8 Board, and another indSvldual belng ccpopted onto th• EDI Su&committee. Thp88 ngw Board appDintmenl8 bring o weath of experlenGe and relevant kntswlodge lo the organi$alion, ¥p•cilically in thg Sreas of marketing, health & wellboing, HR, Safeguarding. and local networks and ¢onlacl8. We have appolnted four new core members lo the orchestra. We have been dev8loplng our rocrullment proce5S88 In Ilne wllh both the Muglcians UnK)n guidance on good practice gnd have embodded areas from th8 Black Liv¢fj in Mu8lc Inclu8lve Re¢rultment pledge, whltth we have 8lgned up lo, FollovAng Iheso 8ppointmenl¥ all Principal Wind positions pre filled for the flr81 Umo In many y88rg. Mètt Dunn IPrln¢Sp81 Glarinel). G8relh Humphritss IPTincipal B838oonl, and Sarah Pennington IPrinclp81 Horn) have joined the wlnd sectfon. wfth Wenh8n Jlang IPrincip81 Viola) taking a POBttson that has b88n va¢anl since 2021, The last year has also yeen somg 8ignlfiBanl changes wllhin the slafflng of Slnfonia Viva. In June 2024 Marlanne Barraclough left the organis81ion after more than 15 yaar5 of18ading our Creative Programme$ lo lake up a new role 88 Ch581 Executive of More Music Morecombe, and Hattie Cuup8, th8 Creative Proje¢t6 Producer, loft latar that month lo lake up a mora sènlor role wllh Britten Pe4ru Arts. We aro delight lo have made excellent appointments to th958 role¥, wilh Ka8 Lucas lolning uy from the Cty of Birmingham Symphony Orchestra a$ Head of Crgalive Programrnes, and Notallg EdwaTd5 a8 Craallve ProJecl8 Prtsducar. We have alBO h8d a change ol Flnince Manager wllhin the y?ar. with Suzanne Pann rglurrling to worklng w(thin th• Educatlon Sector, and being replaced by Judllh Vann. Frorn January 2025 we incro0$od the number of days provided by aur Fr99lance Trust and Foundallon8 fundraiser, and th15 specialist oxptsrtise 1$ beginning to benefit th• orgEni88lion in a vory posilivg way, with a $lgnificant Increa8e In ftrndrai8ed incomè compared lo the prevlous year. Our marketing and communicalrons continues lo be managed by Flylno Geese, a consultancy flrm, with our prlmary contact belng a classical rnusic marketing speGlallsl, and the Impact of thi$ has been extrem61y p0611ive, demonslratsd by the increase in our earned income through li¢k81 Sales. The 188m contSnue lo worl( in a hybrid way, wth Staff working from th¢ offic• on average Iwo dgy8 per we8k. Thi5 Gonlinues lo provlde staff with flexlbllily and a better work life balanco and Is working positively for tha grgani8alion. We aro now a180 off&rlng staff the opportunlty lo lake annualisgd h¢*urs contract5 to further holp with work life balance as requiredlpquesled. Staff approlsals take place In Seplemberloctober annually with slx-monlh review, Bnd we are maintaining a ring fenGed CPD budg81 enablin9 U8 to me81 both our slalulory requiremen18 8nd provlLllng more personal devfjlopmonl opportunllig$. Withln thg y8ar the Chief Execut4ve WAS Chalr of Trustees en the Board of Accessible Arts and Medla, end was a Board Director of th8 Association of Bri118h Orchè$lrA. The Deputy Chlel Executive - Programmes was Trustee of More Music lunlil her resignation in June 20241. The Head of Creative Programmes 15 Govèrnor at Shire18nd Technology Primary School In Sandw811 Iwlih the addlllonal respon81blllly of being the Govemor S8feguardlno Llnkl, and a trustee ol Flalpack Projacls. Pa98 8
Y8ar Ended 31 ACHIEVEMENTS AND PERFORMANCE The prlncipol fundlng 8ource8 durlng the year were Ihe Nallon81 Portfollo Organlsation funding from Arts Council England, used both as core lunding and lo Support actlthly. Derby Gily Council. The Garfield Weston Foundation, The Foylo Foundation, Foundation Bgrby5hire and Roll$-RoyGe PLC. Sinfonia Vlva èn16red Into o new Ihre&yeaT partnership agreement with Rolls-Roy¢g PLC in 2022, who rgmain one of the org8nl8allon's longest slandlng partners. Sinfonia Viva is also 5UPPOrted by Dlhar grants and sponsorship donations a$ d8tslled In the notes to the accounts. plus In¢ome generated by the Chanty from ongagemenls, lick81 sales and 8dtJG8llon pro]8Cts. The Dlre¢lor8 wgre pleased lo report Ihil key arti91 indleators in terms of performances and croatlve programrn wero mel. FINANCIAL REVIEW Flnanclal revlew The 8ceumulaled unroalrlclod Incom# fund at 31 Marctt 2025 #moLint8d to £143,360 Ihls Include8 fixed assets of £1,373. The g¢¢umulaled reslrlcted InctsM8 fund at 31 March 2025 amounted lo £42,675. Invo8tmgnt The Orche8lr4 operat85 a d8posIt Bccounl wKh M8 bonkBr5 and cash not requlrèd for day lo day p8ymenly Is nve$led in this deposit account until required lo fijnd tho charity's activlties. In the 2024125 flnanclal y8aT. the deposit account realised £1,612 In inl•resl. In April 2022 3 sfj¢ond account wa5 opgnad with the Monmoulh$hire BuSldlng Soclely wllh an Inillal deposSt of £50,000, later reducing lo £5,000. Thi3 account reali88d £114 in Interest in the 2Q24125 linanGial year. Holdlng both Ihe8e accoLtn19 enables the ¢¢mpgny lo reduce risk with deposit fund8 now held in 48parale finan¢i•l organi8allon8. Re8ervtrs pollty The Dlreclors ha revlewed the fegerves pollcy In thè Ilgttt of Ihe main riBks to th& ch8rty. Tho DSr8ctors gccepl that Ihe&e risks are variable and Br6 al80 Influenced by extemal factors. The Director5 have dolgrmined that the charity $hDuld plan to hold free reserveg repres&nllng al lao&1 three month8 opeTating expenses #nd suffiGient reserv88 to cover potential rgdundancy pay 1iablli1186. ThiB would allow the charlty Ilme to find new funding for tts charllablo activit185 in the evgnl of curr?nl sources endlng or. rf n¢ces88ry. enab18 the charty to ce88e Iradlng In a timely and prudent manner. To this pnd the Directors havg 08lablished Ihal a6 a general policy tho free r88erve8 9hould fall btreen £90,000 and £111.000 al any one lime. The DIrlarS havg ronsidered thg Gurrgnl oporatlng cllmats and condud8d £90,000 to b* an appropriate level of reserves for tho coming year. U8• of re8or¥6s Unre$lrl¢led reserves at the end of Mgrch 2Q25 were £143,380 including fixed ass$ of £1,373. Accordingly the freo oa$h res8rveg available lo th8 ¢harily al the end of March 2025 wer• £141,987. After making allow8n¢6 lur tho agro8d lev81 of reservo6 d9tailfjd above the Dlreclor8 have agreed a budget Ih8t 8IIow8 UP to £51.987 of the unre3lricted reserves lo be used 10 5UPPOrt the charity'8 work durlng the 202512£ fln8n¢ial ye8r. Pa90 9
Viva C dln mbroch ort of the Truatee ea ed31Ma h20 FINANCIAL REVIEW Golng ¢onc•rn The Directors are fully aware of the challenging fundraising onvironrnenl At wosonl, and tha wlder èconomlc uncertalnty In the country end wlll conllnue lo ?xercisè effacliva control on all finonGial matters re181iny to the company. The orchestra recgives muGh of 115 Gore Income frorn Art6 Councll England IACEI, Arts Council England ha confirned fundlng at 8 Eevel of £195,642, for thre8 ygars from 1st Aprfl 2023 10 31st March 2026. In oddllion, our long¥t&nding p8rtnership wlth Rall$-Royce PLC wlll continue for a furth8r y8ar to 3181 March 2026 under a one year ggreemant al £25.000. We will also continue lo rfjcellve our annual grgnl of £10,000 from Dorby City Council In 2025128. Demand for our project work contlriu95, gonoraling ¢4rned Income for tha organlsalion, and our fundr•l$lng efforts alè continuing to geneTale Increased rolurns than in prevtous ygars. Wilh an InGf8a6e In the number ol concert$ planned wrthln the 25126 flnancl?l year, and confirmallon that Orch8slral Tax Rellgf will be fixed at 45% from April 2025 thi8 w511 al80 genar8te addition81, conflmed incom•, for the year 2025128. A$ o consequence, tha Dire¢lor• Mre confld8nl th* the Qr¢he8tra has 8ufflclent rèsources for the ne>1 tsvelve month8 and on this bats1$ the Accounts have been preparad on o going Goncern bas18. P8ge10
Vlv Chamb ort of the Trust Year Ended 31 Ma PLANS FOR THE FUTURE The organisalion ha8 adopted 8 new three year bu8lne88 plan which cow¥ the perlod April 2023 to March 2028, aligned with our current Arts Council England N41Eonal Portfollo Organl$alion funding period. Within this plan we have identified nlno strategic priorfty ar8a8, trach with a set of meajurable KP18 to enable us 10 measure proqre¥$ against our almg. Our strategic priorty argas are.. Artlstl¢ Quallty: We 11 Sustain our poslllon as 4 #eclor leader for ort18llc qualty and excellence in ¢r8alivg projects, and continuo to buSld tho reputallon , qualfty and bre*dlh of the orchestral p¢rfomance8 across th8 year. Collab¢mlion with the rggion's outstanding choir8, an ongoing commllmènl lo supportino emerglng 18l¢nl and promotlng eonductorn, soloiJl8, and comp089rg Irom underrepresented background8 remaln a key priorty. Crolltlvlty and Innovatlon., This rem8lng 81 thè he8rt of our work. and we will maintain our dlverBe range ol Creativa programmes lor C8rgrs, refugee$. people living th d8mentia. activity in SEND Sellings, and work wlth chlldren and young people in areas of SOGii>economic deprlvalion. In addlllon we will draw ¢n our 88t8bll$h¢d delivory modely and conc¢rt fomals and increasg the number of r8pe8l¢d programme8 of work and further build our local euttural ¢ollaboralions lo develop incluslvo craalive progromrnos for children, young people and fgmille8. Audl•nco Engaggmgnt and Aworgngsg Ralglng.. By March 2026 we alm lo be widely r8cognisad a8 the Or¢he3lra Df the East Midlands, with an improved brand, idenlily, and digllal presenee. Thls will bfj further enhanced through a project identifying 8lralogi¢ slak8hold8r5 and Supporters wlthln the reglon and developlng re1811on8hlpÉ wllh them with the support of an external consuf(anl wllo tsp8Giali$es in th58 8re&. Talgnt Dev•lopmont: We will focu8 on bullding the ski115 of our musicians and delivery partners through CPD and other relevant training opportunille8. We will malntsln our commitment to engaoing emerging talent by carefully considering the conductors, s¢10Ssls, comp058r$ and Creati mu81c leaders we engage to work with the orchestra. Partnershlp Worklng: We wlll malnloln our pos6tive working relalfonships with key $lakohold8r$ and 8xisting partners, including Derby Cathedral and Derby Mu$¢um$ Trust. Within th8 Current yoar w8 aim lo •$tobll8h n•w relationships wrih Smaller vgnu8s acro88 the Ea$1 Midland8. Equalrty. Def8lty. Indu$lon and Relevance., We will maintsln our In¢lu¥ion and Relevance Slrgtegy, with regular review by our EDI Sub-comMe& and B08Td. and measure progress against annual larg81s. We wlll rnainlain our approach lo opgn and Incluslve recrullmenl lo 011 roles and po811ions within the organisalion ¥nd orchfjslra, and corisull with specialists in rglation to accesgibllily of our work, both in community and conc•rt settlnga, and ensure that inclu8iv• practice 18 gt the heart pf our work. Fundralslng.. We conllnue lo work towards diver3fying our income streams lo create a more balanced rnodel nd reduce rellance on a smaller numbar of supporters. We will maintAin the skills of an external Trusts and Foundations spo¢ialis1, and Gonilnu8 lo bulld our Indlvldual gIng IncDme through participation in Blg Qlve camp8ign$. Organl¥atlon Dovelopment.. Maintain a broad range of $kill8, expertl8e and Ilved experiences of Board memberg through open recruttmenl wrthin the comlng yaar. Thi5 wlll includ¢ th8 recruttmenl ol a now Ghair of the Board {due to the current Incumbent reaching their term limill. We will maintain our u89 of spftcia1181 fr8elancg $UPPOrt as required lo enable the organisatlon lo remmin feBponyivg wilhoul increa$qd flxed overhead cost8. Flnanclal ManJgom•nt & Su¥talnablllty: To s•1 and achieve break 8v8n annual budgets, and increase the amount of conflrmed fundlng In place prior to the stsrt of each financial yeer, increase our ullllsallon of Internal flnan¢ial By8tem8 to Increase efficiency, maintaln rogular reviews and updat05 of the Rlsk Re9isler achieving a low or mgdium r18k rallng across all 8re88, through auccessful implemenlalion of our Fundrai$ing aims we will improve our financial $ustsinabllity. Page 11
1Ma STRUCTURE, OOVERNANGE AND MANAGEMENT Govemlng document Vlva Chamber Orche$lra Ltd 1$ a ¢ompony Ilmlled by gu8ranle6 govem¢d by Ils Memorandum and Artldes of Aggoclation. It 18 TegI818ied as a charity wrth the Ghartly Commission. It was Incorporated on 22 January 1985 and r8gi51ar8d as a charity on 14 February 1985. The Memorandum and Articlgs of A8soclation wgre last amonded on 4 Novomber 2021 to Introduce fixgd terms of offico for Director8. Recrultmtsnt and appolntment ol now trustee# Tha Board of Truste¢$ requlrej broadlh and d•plh of •xporience lo cary out its dulles effoctively snd 8fflciently. The Company18 also committed lo ensuring Iru8tees are represenlalive of the communKies Ihal wo Borve and wider soclely. Whgn recrulling new Iruslees an Import8nt attrlbule is a pas81on for th8 work of the orch&slra and a commitment lo th& ¢Dmpan¥8 values. Qgrby City Council, with whom we work in partnor$hlp, makè up lo tsvo appointments lo the Board. The Board ha$ recrulled 61x new m$mb¢rs over the la8112 month8 lo further 81renglhen the compo8ltlon of the Board. Three TruBtees were appoinltsd 31 the AGM in Novgmbgr 2024, with a furthgr being GDknopled with & viaw lo formal appointment at the AGM in Novombor 2025. Within the coming year wo wll bo recruiting lo th8 position of Chair of the Board due to the current incurnbent reaching the end of thair te8 of servic8. In accordance wlth the Artlcles of Associatlon. all truslèas Bppolnled slnce the la$1 Annual General Meellng and any other Tr.ustee who has completed their appoinled term mu$l retire al the Annual Genero1 Meelino. In •ccordan¢e with thes• provi8ion8, Mr Anthony Davis, wll rellre al the forthcoming Annual General Mealing. Inductlon and tralnlng of new tru¥ts•i Trustee8 al80 act 88 Directors of the Charity. I new Directors me81 with th8 Chair and Chief Executkve before belng appointed al whlGh Ilme all 4$p8¢16 of the ¢hartty 8r8 discussed, the role of tho Iru8lee wilhln the management of the organisalion explained and the prucodure for decision rnaking oullinvd, Pr05pecliv8 DiTeclor5 attend a Board meeting as observ8r b8fDre officlally being appolnled. This allows them lo meet prospactlve culle&gue8, discover how the company 18 performing against its bu8in086 plan and ask 8ny quegllon8. In addlllon, the new trustee ha8 the opportunlty lo meet the managgrnent tearn arKI playgr repre6enlalive$. On their appointment ta the Board, trustS rec$ive @n Indu¢lbn Pack, whlch provides them with 8 Ihorouoh Inlrodu¢llon lo the organlsellon. and Ihelr role8 and m8ponsibllilie¥ as a Trustee and Director, as well as other conlox1u81 Inform8tlon in¢ludlng tho roles of Board Committee8, external relalionJhip8, the current busine88 pl•n gnd budget, In¢lusion and relgvanGe plan and $afe9uardlng polky and procedures. 3¢nlor stsff r•mun•rJtlon Tre Chief Executlve l)flleer and tho Oeputy Chief Executives Ipragramme and oper81ion81 comprise the 8enior management personnel. The pay 81ructure and policy for the tsvo Deputy Chief Executives are pre8ented to the FSnance and General Purpose 8ub-committe¢ annual lor 8pprov81. The 8oard 18 respon81ble for deciBions relating lo Temuneralion of th? Chief ExeGullve Officer. A number of ¢rileri8 are used in 8ettlng pay Ineludlng.. the role and 118 Tespc>n8ibililias salary 8tructure5 for Gomp8rabl8 pos10n8 thIn the Cultural sector and roglonalty - trends in average pay Pag0 12
Iv Cham ortof ho Tru$t•• lor th Year Ended 31 March 2 STRUCTURE. GOVERNANCE AND MANAGEMENT Related partlos Ro115.Royce plc contlnued ils support of th$ OrGhe61ra dudng the ye8r. Carf Muldal. a Rolls-Royca amplw. rem8in8d a Qireclor and wa8 8 momber ol the Fundraising Sub-committe8. Finance and General Purposes sub-commlttee, and the Envir)nmenlal Working Group. Thls long-term relationship refleels the companls ¢ommilmenl lo 8pportIng the 8rt5 and the communltie8 In which rt cperale8. In addition, it r8cogni585 the orche81ra'8 conlrlbutlon to d8llv8rSng Roll8-Royce'¥ STEAM oulroach commitment and the gagement & dov8lopm8nt of 118 people. Dert>y Cty Council prOvad contlnued support and as 8 partner li •ntitled lo appoint Direclors. Cllr KlerÈn Morgan-McGeehan and Cllr Emily Lonsd8le conllnued lo Se 09 DSre¢lors Ihruughoul the *T. Cllr Emlly Lon6dale was replaced by Gllr Ged Potter In Augu812025. Rl$k manag•m•nt The Dir•ctor8 hav• •xaminod th? rnajoi Flralggic, business and operational ilsk4 whlGh tho charity face5 and confirm th81 systems have been establi3hgd lo •n•ble rogular report8 lo b8 produced, go that the ne¢eB$ary slepg can be taken to mlllga16 these rlsk¥. Thg Dirgclors are fully awa of the (tncertain publiG fundlng poslllon and wSder e¢onomlG 5UalI0n. Budget8 for future years have been reviewed in light of this and th8 managem8nl team Continues lo exploro allernalive models a8 a way of supporting th8 Orchgstra's core work. MEMBERS OF THE BOARD OF TRUSTEES Members of tha 8oard of Trlsstses. who are Directors for the purpose of the company law and Trustees for th8 purp059 of charity law. who 69rv8d during tho year and up to the dale of th18 report are 6el out on page 1. Members of the charitable company guarantee lo conlribulo an amount not trxceodlng £10 to the a8$8ts of the ¢haritabh company In the event of wlnding up. The lo101 numbDr of such guaranleps at 31 March 2025 wa8 1212024.. 1 S). Thi5 report ha5 been prepaTad in accordance with tho Spocid provlslons of Part 18 of the Companles Act 2006 relating to small companies. Approvad by order of the board of Iru8te88 on ...... nd signed on ils behalf by. AAPDavi8-Tru Pay 13
ntE orttotheT ee5 Ch I report to Ihp charSly trust885 on my examin811on of th8 accounts of tho Company for the year ended 31 MaKh 2025 which ar8 891 out on pages 15 to 33. Repon¥lbllltl•s and ba1• of report A8 the charity trustee3 of the company {and Blso Ils dlr•cters ftJT the purposes of company law} YOU ara re8ponsible for the pr6par8tlon of the 8¢counl$ In a¢¢ordance th the requlrements of the Companies Act 20081'lhe 2006 Act'}. Havlng sallslied my8elf that tha 8c¢ounls of the company are not required lo be 4udiled undtrr Part 18 of tha 2006 Act and are eligible for Independent examinallan, I report in r8spaBI of rny examination of yDur ompanws accounts 8s carrled out undèr sècllon 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examinallon I hav8 followed tho Dlr¢¢tlons given by the Charlty CommI86On under 9ecllon 14515llb} of tha 2011 Act, Independ•nt •xamlner'$ stat•m#nt SSne¢ the company8 gross income exceèded £250,000 your ex4mlner must be • rnember of a body listed in fjection 145 of the 2011 Act. l Confirm that l am qualified ID undertake the examlnatlon becauye l am m8rnbgr of the A68oclallon of Chart8red C¢rtlfled AcGounlant8 In England and Wale8, whlch Is on8 of th6 li51ed bodies. I have Comploled my examination. I confirm that no matters have come to my 4ttents.on In Gonnedlon wllh the examlnalion giving me caus• lo that in any matgrial ro8po¢I: aGcountlng record8 were not kept In resp8¢t of tho company as requSred by sectlon 386 (rf th8 2006 Act.. or 2. the accounts do not accord with tho$• records,, or 3. the accounts do not ¢ompty wllh the accountin9 requlrementg 018ectlon 396 of the 2006 Act other than any r8quiremenl that the 8GGounl8 fjive a 'true and falr vl8W whlch Is not a m8ttor conL41dered a6 part of an independonl examination., Dr 4. thè 8CCOUnts have not been pr¢p•red In accordancè with the methods and principle$ of the Stalomenl of Recommendèd Pra¢li¢e for a¢counling and reporting by eharf(ie8 applicable to ¢harilies preparing their accounts in a¢¢ord8n¢e with tho Fln4nGi81 Reporting S18ndard appllc8ble In th• UK and Republlc of Ireland IFRS 1021. I hav• no concerns and have come 8cro8$ no olh•r rn*tt8ru In conn•ctlon with tha examin8tlon lo which attenllon should bè drawn In Ihl$ r&port in order lo tnable a proper underst8ntJing of tho ac¢ounls lo reached. M Gurney FCCA, DChA of Dain8 Audit Ltd 2 chamberlain Square ParBélse Clrcu8 Birnilngham B3 M Gurney FCCA, DChA IS Oel&ef 2otS Page 14
ostra ement f co clal Ac and Ex ondl ur 2025 Total funds 2024 Total funds UnrealActed ReStcted fund ftjnd Not98 INCOMEAND ENDOWMENT8 FROM Donations and legacley 51,857 84,042 115,899 28,452 Charltable actlvltles Engagements, ticket 80188 and education projgcl$ Grants from public bodi08 Sponsorghip 281.653 205,642 30,200 311,853 205,842 25,000 323.717 205,642 25,000 25,000 Other trading act1vle6 Inv05tm&nt income 12,176 1,726 12.175 1.726 12,432 1,136 Total 552,853 119,242 872,095 596,379 EXPENDITURE ON Raising funds 21.463 21,463 40,499 Charlt•bl• actlvltl•• Expandllur8 on charitable acliwlias 408,965 93,666 500.531 478,527 Other 209.346 26,250 235,598 200,178 Total 637,774 119,816 757.55Q 717,204 Orchoslra tax relief 86,208 86,206 73,743 NET INCOMEIIEXPENDITUREI Transfers botw•pn fund¥ 1.285 14.4441 15741 711 147,0821 18 Net rnovemont In fundi (3,159) 3,e70 711 147,0821 RECONCILIATION OF FUNDS Toial fun¢Js brought forward 146,519 38,805 186,324 232,4C6 TOTAL FUNDS CARRIED FORWARD 143,380 42,675 186.03S 185,324 The nDtg$ form part of Ihe8e flnon¢lo18tatemenl8 Pag• 15
20 2025 Total fund8 2Q24 Total funds Unrestricted Restricted fund fund Notgs FIXED A38ETS Tangible assgls 14 1,373 1,373 9,881 URRENT ASSETS Debtor8 Cash al bank 15 181,153 85,989 181,153 132,285 137.498 121.810 46,296 267,142 46,296 313,438 259,308 CREDITORS Amoun16 falling due wkhln one year 16 1125,1SS) 13,6211 1128,7761 183,8651 NET CURRENT ASSETS 141,987 42,875 184,882 175,443 TOTAL ASSETS LESS CURRENT LIABILITIES 143,380 42,67S 188,036 185,324 NET ASSETS 143,380 42,875 186,035 185,324 FUNDS Unre3trfetsd funds Re$trl¢t&d lund$ 18 143,360 42,675 146.519 38.805 TOTAL FUNDS 188.035 165,324 The ¢h8rilable comp8ny is en1•d lo exempllon from audit under Section 477 of the Companies Act 2006 for the ye8r ended 31 Mch 2025. The mambors hava not requlred th8 company to obtaln an audSt of Ils flnanclal statements for th8 yèar ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The Iru8tee8 acknowledge their Tegpon8ibilili08 for {al ensuring that the ch3ritab19 Gompsny k8epB aGcountlng recoTd8 that comply wllh Secllans 386 and 387 ofthg Campanies Act 2006 and (b} preparlng flnancial 3talemenlB which give 3 true and f8lr wew of tha slate of affalrs ol the char(table ¢ompony 0$ al the end of each flnan¢lal year and of Ils surplus or def(c)t lor eath fingncial year In accordance with the rgqulremenls ol SeclK)ns 394 and 395 and which olherwSge comply wlth the requirement8 of the Companies Act 2006 relatlng to flnanclal 8tatement8, so far a8 appllc8b18 to th8 charllable company. The notes forrn part of Ihe8e fln8ncl81 $181ements Pagè18 onlinued..
*mbor O h The8e linon¢i•l ilat•ment¥ hève been pi8pared in accordance with tho provi¥lons applicable lo Charble companies subject to the small eompanle8 reglmo. Thts financial slatem8nt6 were approved by the Baard of Tru8t868 an¢Y aulhvrised lor issue on .11./..lQ..l.kQ.l.S.. and were signed on its behaw by.. AAPD•vis- WNMatth ruste8 The noleB form part ofthe88 flnanebal statements Pago 17
Cha 2025 2024 Npt•$ Ca¥h fl¢w from op•ratlng actlvlti Catsh generated frorn operalionj T8xalion refunded 17T,7931 73,743 179,733} 36,838 Net cash used in operatin9 activities 14,Q501 142,8971 Cash flows from Investlng actlvltl•i Sale of tanglble flxed 8ss819 Inlerasl receivad 12,799 1,726 10,080 1,138 Nel cash provided by inv88ting acllvltiej 14,525 11,216 Ch•ngg In cawh and c4gh oqulv•lents In thg raportlng p8rlod Cash and cash equlvgjgnts at th• b•glnnlng ol thg roportlng p•rlod 10,475 {31,8811 121,810 153,491 Cash Ind c#•h •qulvl•nt• It th• •nd of th• reportlng p•rlod 132,285 121,810 Tho nol•B fom part of IheBe financlal stst•ments Pagè18
Ch dln aVIv orthe Year Ended 31 Ma h20 RECONCILIATION OF NET INCOMEIIEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net Incomo1(oxpendlturo1 for tho r•portlng perlod la8 por tho Statomont of Flnanclal Acilvltlo$1 Adlu8tments lor.. Deprocialion charqos Qrcheslra Ivjx relief Profil on disposal of flxed assets Intero8t received Ilncre88elldgcrease in deblorB Increase in crodf(ors 711 147,0821 5,884 186.2061 110.1751 11.7261 131,1921 44,911 7,831 173,7431 18,0021 11,1361 15,171 27,428 Not cagh uaed In op•rtlon 177,7931 179,7331 ANALYSIS OF CHANGES IN NET FUNDS Al 1.4.24 Cash flow Al 31.3.25 Net ca•h C88h al bank 121,810 10.475 132,285 121,810 10,47S 132.285 Total 121,810 1a,475 132.285 The noteB fo part of these financ1 statement6 Pag•19
vac dln as Slnf nla Vlv otas for tho Y n¢ Stst•me nde 31Ma ar 25 AGGOUNTING POLICIES Ba•ls of pr8p•rlng tho fln•ncl•l •t•tèM•nts The finan¢lal 6l*emenl8 of the charitable company. whl¢h 18 a public benefit entlty under FRS 102, hav& b8en preparad in accordance with the Chailll&6 SORP IFRS 1021 'AGcounllng and R6POrtlng by CharRie8.' Stalem8nt of Recommfjndgd PrAeli¢e applicable lo charities proparing their accounts sn •¢cordance wlth the Financlal Reporting Standard applicable in the UK and Ropublic of Ireland IFRS 102) leffectlve 1 January 20191,, Flntsnclal Reporting St8ndard 102 'The Flnan¢ial Reporting Standard appilcabl8 In the UK and Republlc of Ireland, and the Companles Aet 2006. The financial 8lalemenl8 have been prepargd undgr thfj ¥tOrICal COBt convenllon. The Gharty meets the definlllon of # publlc bgnefll enllty under FRS102. The accounts are prepared on o golng conoem ba818. Thg financial Slalemenls 8r• pr059nl8d in sl•rling 1£). The prfnclpal accountSng pollcle8 8d¢pled In the preparation of the flnancial atatem¢ntJ are aj lollow•.' Golng ¢onGorn The Directors are fully aware of tho ¢h8llenglng fundrw81ng envlronm&nl al pr&$ènl, and the wider conornic uncertainty in thg country and will continuo 10 8xerci6o eff8Ctlv8 ¢onliol on all finanGial m8tters Teletlng lo the ¢¢mpany. Tre orchestra rec8lves much of 118 core Income from Artg Councll England IACEI. Arts C¢uncll EnglBnd has Gonfirmed funding 81 a level of £195,642. lor three years from 1st Aprll 2023 10 31 st March 2026. In addition, our longstanding partner8hip with Rolls-Royce PLC wlll conllnue for a further year to 31st March 2026 unLler • one year agr8ernent al £25,QQO. W¢ will also rgnlinue lo rgGgIV8 our annu81 grant of £10,000 from Derby Cty Councll in 2025126. D•mand for our proj•Gt work Gonlinugs, g9nfjratrng earned income for the organl8allon, and our fundralsing ttfforts are conllnuing lo ggnorate Increased r8lurn$ than in provlou6 years. Wlth an Increase in the number of concerts planned within the 25126 financial ygar, and ¢onfirmdlion that OrcheslTal Tax Rellaf wlll Oe ffxed al 45% from Aprll 2025 thlj WIN also generat• additional, confirrngd Income, for the yg8r 2Q25126. A¥ a Consequence, th• Directors are confldanl that the Orcheslro has Sufficient resourc68 for the next Ive months and on th18 ba313 the Accounts hov• been prepared on a going conc8rn basis. Incom• All incorne is recogn188d in the Slat8m&nl of FinanciRI Aclivllle8 once the charlly hos onlillemenl to the fund5, Ft Is probable that the income will be r8Geived and the amount can b8 mea¥uTed reliably. Income represents income from perfomiancol and fyponsorship Ih8r8of, ex¢ludlng value add¢d tax, plus grants from public bodle8 8nd donatlon$. Com funding from publlc bodles18 ollo¢al6d lo the year for ¥thlch 11 Is granted. Spongorship of, 8nd donatlDns towards, spocific performanc95 and projects ar8 allocated lo Ihfr period In which the evenl8 oecur. Where donors do not 8pecrfy which p$rformance donations and grants given lo the Charfly Should be allocaleé to, this Income Is included in income when receivabla. Inlgr851 racglvabl8 on funds held on deposll 18 Included when receivable &nd the amount can be meaBurod reliably by the charity,. this is normally upon nolifi¢•lion of Ihe interest pald or payable by the bank. Expendlturn Llabililes are recogni5ed 88 expendkure as soon as there 18 a legal or cDnstru¢liv8 ebligation commilling thfj charSty lo ihal expandlluro, 1118 probable that a transfer of eeonomlc benefits will bB r•quir8d In Bettlam8nt antj tho amount of the obllgallon can mg08ured rellably. Pag8 20 conllnued...
ham nan¢1 Year Ende tlnu ort ACCOUNTING POLICIES. contlnuod Exp8ndltur• Expfjnditurg18 accounted for on on acGrual8 b881s. excludlng recoverable v81ue added tax. Costs of raL8ing funds compri8• the costs 988¢xioled with attfadlng voluntary In¢ome. Chartsble adlvily expenditure comprlses Ihoae co8t8 Sncurrèd by the charity In tha dollv&ry of 118 musical and educatlonal acllvlll8S 8nd $ervice6, 11 Includ89 both ¢osl$ that can be allocated dir¢clly lo ¥uch activi118s and th050 co$1$ of an indireGt nature nece88ary lo Support them. AII c0918 8re alloe•t¢d between the expenditure cal¢gorle$ ol tha SOFA on a b4sI8 designèd to reflocl tha use of the re80urce. Costs relallng lo o particular aclivty are allocated directly. Other costs aro apportioned on an e8ilmated b8818 befyveen charitable acti110 and 8UPPert C08t8. IrrBcover8ble vu added lax 18 charggd as 8 total co$1 agalnsl the actSvlty cost centre. Expendllure relallng lo specific perfomiances and prolecls are 8llocat•d lo the porlod in which Ihg ovenl6 ¢r, T•nglbl• flxod as30ts Prr lo 1 April 2020. capital addlllons of gqulpmenl were wrltten off lo the Income and Expenditure Aecounl in the year ol acquisition and there wgs Ih&r&fort no charg8 for d8precialion. Th¢ normal requirem8nt would bè for the capitalis811on of offlc¢ equlpmtnl and for depreciation ID bg chaTg8d thergon. Th18 posltion ¢annol be easily quanllfled due lo the mlxture of purchased, fundèd, partly funded and donal¢d 8quipm8nl. Thus for clarity, this policy ha8 been adoptad lo give a true and fair ew. When 838ets were tran8f8rred In 2021 from Slnfonla Wv8 Events Ltd, they were capilalised and aro being depreoiated. The a686t6 ¢0mpri88 Df offlce furnllurts, office er4ulpmenl, computer$, prinlors and a vehlcla. Th8 fad a$sot$ in•urgd for a totsl of £27,470. Leasehold Impr¢)vemenls- 20% 51raighl line Equlpmgnt- 20'A stralght Ilne Motor vehicles - 20% stralghl line Computar equipment- 33.33% 8lralght Iln• Taxatlon The charity 1$ èx•mpt from corporatlon 18x on118 charllable a¢llvitle8. A government lnll1818, Orchestra TAX Relief, give8 riso lo a claim for Corpoi¢lbn Tax Relk8f whlch 16 reconglsed 88 Ine¢me receiv8ble in the SOFA. Fund a¢countlng Unreytriclgd funds can b• usgd In accord8n¢6 With the ch8rk8ble objectives al thè dlscrelbn of the trustees. R¢8lrlcled funds can only b¢ uaed for partlculAr r¢slricled purpo8e$ within the obj8c15 of the charkty. Reslriclions arise when 8pecified by the don¢r or when funds are raised fcr particular restricted purposes, Further explanallon of the nature and purpose of 8g¢h fund l• included In the note8 lo the Ilnancial 81olements. Pago 21 ccnlSnued...
dln Fl la rEnd d31 ACCOUNTING POLICIES . contlnued Hlre purcha88 and1••8lng commltments Rgnlal8 paid undor operalSng leases arè charged lo th? S18temant of Financial Activltios on a slrglght lin• ba¥18 ovgr tho poriod of tho lea88. Penslon costs and olhor post.rotlrgmant ben•fllB Th? ch&rilable company operates a defined contribution pon¥lon Scheme. Conlribullon5 P8yable lo th? ¢harilable company's panslon fjcheme 8r• charged lo the Stalomenl ot Financial A¢tivili88 in th? peric¥l to which they relala. D•btorn Debtor$ aro recogni$•d al th8 s•tUement 8mounl owod lo the Ch8rlty or pmpaid. Cradttor• Creditors and pro81n6 are recognlsed where the Ch8rty ttas 8 piesont obligation re3utting fr¢m P051 ovanl that will Probably result in Ihg transfer ol funds lo a third party, and the amount due lo ttle the obligation can be measured or e8llmalod rgliably. CrodllorN and prDv181on8 are normally recognised al their settlement amount. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY The prap8r8tion of a¢count8 Using g8nerally o¢¢epled 8CGountlng piinclpla8 require8 man8gement lo make eg1imato8 and 853umptlons that affect the roPQrted amounts of os8ets and Ilabllltles at Ihg date of the accounts 8nd the reported omounl3 ol revenues and fjxpBnses during the reporting perlod. Tho kgy e8llmat88 an¢J 485umplionB U8ed In the Financlal Stalemènls are delail?d in th8 accounting policies. DONATIONS AND LE(3ACIES 202S 2024 Donationty Gift aid Leg8ci88 Grants 19,115 1,524 5,000 90,080 20,821 1,231 8,400 115,899 28,452 OTHER TRADING A¢TIVITIES 2025 2024 Equiprnenl hlr8 Equipmont 8alo$ 2,000 10.175 4,430 ,002 12,175 12,432 Page 22 conllnued.
va Chamber dln ni tss to th? Flnanclal Staternents- conti lor the Year Ended 31 March 2025 INVESTMENT INCOME 2025 2024 Dgpojii account inl8rg81 1,726 1,138 INCOME FROM CHARITAaLE ACTIVITIES 2025 2024 Engagem•ntg, ticket sal#8 and education proj•cts (èxcluding grants) Other gTanls Grant8 from publlc bodles Sponsorship 311,853 286,765 3e,952 205,642 25,000 205,642 25,000 542,495 554,359 Grants from publlG bodS08 includes core fundlng of £195.642 from Art$ Councll England 12024.. £195,6421- PAISING FUNDS Ralglng donatlons and legacleg 2025 2024 Staff costs Fundraising costs 30,445 10,Q54 21,463 21,463 40,499 CHARITABLE ACTIVITIES COSTS 2025 2024 Expenrlilure on Gharilablg aGlivili 500.531 476,527 SUPPORT COSTS Other re60urceB expgnd¢d Staff cosl6- managpmgnl Human Resources Fln8nc8 Other Tol818 2025 90,417 6,129 2,477 138,573 235,598 2024 88.019 6,200 1,342 104,817 200.178 Pap? 23 conlinugd...
68lra h Flnancla t tgment for th Yaar Endod -co 10. NET INCOMEIIEXPENDITUREI Nel incomellexpendllL*rfrl IB 8laled after charglngllcredkingl.. 2025 2024 Deprèclallon - owned 8$tsel8 Operating leases - rent of premises Indepondenl examlner518e 5,884 14,000 1,775 7,630 14,000 1,650 11. TRUSTEES. REMUNERATION AND BENEFITS Ther8 w8r$ no Irustee6' remuneration OT Other banefStg for the year endèd 31 Mareh 2025 nor for the ye•r ended 31 Mor¢h 2024. TN¥t•••' •xp•ns There were no Iru3teeg' expenges p81d for th& yeor onded 31 March 202512024.. £01. 12. 8TAFF C08T8 2025 2024 Wages and salarie# So¢lal security coslB Other pension co818 177,443 13,546 4.OBD 209,723 16,132 4,688 195,069 230,523 Th¢ 4vgraue monthly number ol employe86 durlng the wrwa$ a# follcw8'. 2026 2024 Fundr8i8ing Charltable 8Ctlvllle8 Support One employee r¢¢olvod emolurnents in exce88 of £60.000. wlthln th8 •molum8ntJ banding of £60,001 £70,000 within the yoar. No employees recelved 6molumenls In excesg of £60,000 wilhln the year onding 31 March 2024. Key management personnel remun¢rollon for the ye#r wa8 £149,91412024.. £147,108). Page 24 contlnued..
ra h Flnan f rth•Ye la 13. STATEMENT OF FINANCIAL ACTIVITIE8 TO 31 MARCH 2024 Unreslricl8d Reslriclfjd fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and laga¢ig$ 12.187 16,285 28,452 Charltabl• actlvltl88 Eng8gemenls, ticket 5aleJ and education projects Grants from publtc bodieB Spon6or8hip 188,720 205,642 25,000 154,987 323,717 205,642 25,Q>OO Other trading aclivitleb Investment income 12,432 1,136 12.432 1,136 T¢t•l 42S,097 171,282 596,379 EXPENDITURE ON R81glng funds 40,499 40,499 Charltable actlvltle8 Expenditur8 on ¢harltable aclivilles 287,708 188.821 476.527 Other 194,328 5,830 200,178 Total 522,533 194,671 717,204 Orchoylra tax relief 73.743 73.743 NET INCOMEIIEXPENDITUREI Transfern botwe8n funds 123,8931 {3,1881 123,389) 3,188 (47,0821 N¢t movgrn?nt In fund¥ {26,881) {20.2011 (47,082) RECONCILIATION OF FUNDS Total funds brought forward 173,400 59,008 232,408 TOTAL FUNDS CARRIED FORWARD 146,519 38.80S 185,324 Paga 25 ¢onllnued...
bar ote8 o the Fl anclal for th ear ta -con 025 14. TANGIBLE FIXED ASSET8 Leasehold Impr0MentS Equlpmenl Motor vohicle$ Computer equipment Tot8lB COST Al 1 April 2024 DI8po8als 29,727 15.521 12,5001 10.OOQ 110.0001 6,456 61,704 112,5001 At 31 March 2025 29,727 13,021 6,456 49,204 DEPRECIATION Al 1 Aprll 2024 Charge for year Eliminated on disposal 29,727 10.792 2,732 11,8761 7,000 1,000 18,0001 4,304 2,162 51,823 5,884 19.8761 Al 31 March 2025 29,727 11,648 6,456 47,831 NET BOOK VALUE At 31 March 2025 1,373 1,373 At 31 Marth 2024 4.729 3,000 2,152 9.881 10. DE8TORS: AMOUNT3 FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtor¥s Tax Prgpayment3 and a¢¢ruvd Income 77,446 2,259 88,206 15,242 43.311 2,355 73,743 18,089 181,153 137.498 11. CREDITORS: AMOUNTS FALUNQ DUE WITHIN ONE YEAR 2025 2024 Trg¢Je creditors So¢ial security and othor lax08 Other creditors Accruals and deferred Income 99,433 16,921 790 11,832 63,296 13.229 1,790 5,550 128,776 83.865 Poqe 28 conllnued..,
iva Chamb r O traL to the Fin ncial Statements - contin p Year EndBd 31 March 2025 17. LEASING AGREEMENT8 In August 2015 the Chartiy enler8d into a 10 year lease on the PTemi8e8 at RoblnBon Induslrlal Eslatg with tho following commitments.. Year 1 - £10.000 pa1£6,600 po lunded out of ACE Gaprtal Grant) Y•ar 2 - Rgnt fr88 Years 3 10 5- £10,000 p31£6.50D pa funded out ol ACE Capllal Grgnll From 18 Auqu81202010 17 February 2022- £11,500 pa Frc>m 17 Fabruary 2022- £15,000 pa A rent revltw look pla¢e In year 5. 18. MOVEMENf IN FUND8 Net rnovom8nl in funda Tran6ferB btheen funds At 31.3.25 Al 1.4.24 Unregtrlcted funds General fund 146,519 1.285 14,4441 143.360 Rvtrlctod fundi Restricted fund 38,805 15741 4,444 42,875 TOTAL FUND8 185.324 711 186,Q35 N•t m0ment in fund8, included in tha èbm *r• 85 follows.. Incamlng r&sour¢es Resources &xpended Orchestra tax rellef Movement In lund8 Unrejtrlcted lundi General fund 552,853 1837,774) 88,206 1,285 Restrlctèd funds Re$lrl¢t¢d fund 119,242 {119,8181 15741 TOTAL FUND3 672,095 1757,5901 86.208 711 Page 27 conlinu•d..,
Iv Ch* adl ber O hgs the Flnancl I Statements - Go tin r the Year End•d 31 M r¢h 2 25 18. MOVEMENT IN FUNDS- Gontlnued Comparatlv•• for mov•rn•nt In fund• Nel movemertt In funds Transfer8 between fund5 At 31.3.24 Ai 1.4.23 Unrutrf¢t•d fund• G8n•r81 fund 173,400 (23,8931 13,1881 148.519 R•st¢t•d fund• Reslrlcted fund 59,006 {23,3891 3,188 38,805 TOTAL FUNDS 232,406 147,0821 185,324 Comparative net movement In funds, Included In tha #bov8 dre aa follo.. Ineomlng resources ReJourGe8 xpond8d OrcheblrA lax r811gf Movement in funds Unrnstrlcted fundg General fund 425.097 1522,5331 73,743 123,e93) R415trlcted fund• R•8triclgd fund 171,282 1194.6711 {23,3891 TOTAL FUNDS 596,37S 1717,2041 73,743 147,0821 Page 28 conllnued...
hamb as Slnlonla Vl cla arEn omen 18. MOVEMENT IN FUNDS. contlnued At 31 March 2025 Rvtrlclgd Fund At 1 Aprll 2024 Income Exp•ndltur• Tranjforn Arts Council England Care Homes Bergne-coupland Foyle Foundation Bfjmro$e Dorby Moor Lees 8rook Slng Viva- Carers Choir L$l¢¥ Creato CANVAS Rol*xed Conc8rt0 Culluro Café Lelcesler VIrtU81 School Mechanlcal Advantage Famlly Concert Derby & Burton Hogplt81 Togethar Through Mu81c Llve 8,806 4,814 1,000 (5,860) 2,956 6,314 1,000 1,500 20.000 120,4001 11,8001 400 1,800 1,500 1.785 3,000 6,500 600 5,000 4,000 1,500 1,214 232 1,350 5,000 11,9211 17,7681 16,5001 110,0401 {11,1861 14,5001 11,7141 128,5001 9,440 11,482 500 3,060 44,360 500 8,200 6,318 1,348 15,860 500 110,2441 15,850 (9,4131 6,437 Totsl 38,805 119.242 1119,8181 42,675 Art¥ Councll England - An amount of £29,608 wa8 Iran8f8rr8d from Slnfonla Viva Events Ltd ISVEI on the close of the Subsidiary ccmpany. This Tepresenls he balance of 8 grant m8de lo SVE for the p&yment of aceommodallon rent. A total of £2,956 li carrted forward. Borgne-coupland Charlty - Thi$ is a gmnl not spent In th• y•&r r88lricl•d to work In Llncoln4hlre. A balanc8 of £1.000 1$ ¢8rried forward. Foylo Foundatlon This grant was lo support dlgllal Infraslruclure Improvements, ntstably a new web511e and orchestr#l CRM splem - all fund$ spent in y8aT. B•Mr0 - A balan¢¢ brought forward of £1,80Q for a serios ol aclivili94 in and aut af 8Ghgol for puplls of Bemrose A¢ad&my- 8118pent in year. Dgrby Moor - A bal8nGe Garried forward of £1,500 for a 8erie8 of 8cliville& In 8nd out of school for pupil$ of Darby Moor Schooi. Lees Brook A balance of £1,785 brought forward for a s8rfes of dclivlties In and out of 8chool lor puplls of Lees Brook Academy all spent in year. Addition81 fundB re r8c8lved wllhln year for the 88mo PUTpose, and 8 balancè of £1.21418 carrled foiword. Slny VIV4 - A balance of £3.000 brought forward from tho 0'Oyly Carte Charlt8ble fru¥l lo support Sing Viva Carer$ Choir activity wa5 3115p&nt In year. A balance carrled fofW8rd of £232 from Manyfield Buildlng Soci¢ty Charil&bl8 TruBI lo b• used for tho 8¥me purpo50. Lelc8 Creato A balance brought forward of £e,500 for work wlth children and ygung people In Lelc8$ler and LeiGe8ler8hlre- all spent year. CANVAS - A balancg brought foFward of £600 for a collaborallve prole¢l th a local theatre colnpany working with18arning disgblod childr8n- all Spent in year. Page 29 continued.
Chamber rchostra Tradln as Sl fonia Vlv Fln ncl èy rEnded31 arc 026 18. MOVEMENT IN FUND8- contlnu•d R•laxed Concort8 A b818nce brouglrt forward of £5,QOO from the Blg Give Arts for Impact 2024 campaign to support Relaxed CDnE•rt8 specifically d85ign8d for p8oplg living with d*m8ntia and their carars - 011 spgnt Iri year. A balance carried forward of £1,335 from the McLay Dernanlia Trust, and further balance carTlod forward of £3,982 from the Big Give Christmas Chollenge lo be used for the 88m6 purpos•. Care Homos - A balance carried forward af £4,814 from the Blg Glve Arts for Impact 2024 cawpaign. Ind a balance carried fowarcl of £1,500 from the Florenc8 Cohen Charitable Trujt lo support ¢realivo mu8ic workshops for people Ilving with dementia In car8 sollings. Cultur• Café - A b#lance brought forward 01 £4,000 for • project for unaccompaniod osylum Jeeklng young people livinq In Derby8hire- all 8P8nl in year. L•lGg¥t0r Vlrtu•l 8Ghool A balonGe eprriBd fE)rw•rd of £1.346 for p projeGI for un•rGompanivd
iuM se8king young p•opl• li%Ang in L•ice8tor And L•ic2s1shIr8.
M•¢h#nlcal Advantage - A cr?alive music makin9 project far children and young people attending Dèrby Schools. A ba18nce carried fomard of £16.860 from Rolls-Royca PLC lo support the final performance d8y al Derby Theatrè on 181 Aprll 2025. F•mlly ¢oncort - A bqlanG8 ¢orrlgd forward of £SQO Irom thg Gohoncott Foundallon to support thg d•vfjlDpmgnl and delwery gf a now conc8rt lormat fu Family Audience$. D•tby & 8urton Hogpllal . A project d¢lFvered In portner¥hlp wllh Air Art$ lo pravlda patients al Derby & Burton Ho8pllal8 wbth acce881o live mu8lc and performance. Together Through Mu¥lc Llve- A balance carrled foN8rd of £6,437 to delfver CPD and addltlon81 support for teachers In Special gchod• and music •erviG• staff in Lin¢oln¥hirg, Page 30 contlnued...
Iv hainber Orchestra I fonlav St for MOVEMENT IN FUND8. Gonllnued At l Aprll 2023 At 31 March 2024 Rutrl¢t•d Fund In¢om• Exp.•ndltur• Transforn Arts Council En9land Biq Give R8imagin8 Projects Bergne-coupland Babergh Care Bemro$8 Slng Viva - Cgrers Cholr MEHEM - UpriBing Derby Moor Lees 8rook Culture Cafa Pla¢e- Hubbub Basildon Padtjington DCEPFIRS School Project Keyh8m Lodge Lelc8 Create Ar¢8le- L( Story Eartheart DR Good Cornpany EJ$ex STEAM- Early Year8 Kool C8rer8 0118rton 14,656 (5,8501 8.806 9,814 9,814 3,40a 11.466 1,000 {14.8661 1,ooa 4,352 1,800 3,070 150 1,aoo 1,785 28,260 1,680 27,901 14.3521 1,8DO 3,000 4,991 1,000 15,434) 11,150) 13001 1981 {24,280} 110801 (27.9011 373 1.5110 1,785 4,000 600 98 2,800 11.450 11,940 4,441 6,050 25,650 1,039 6,100 17,BOO 12,8001 118.9051 114,4651 18,8541 {6,0601 I25,6) {8,7561 16,1001 117,8001 7.455 9,025 4,413 6,500 5,000 2,717 Total 59,000 171,282 1194,6711 3,188 38,805 Arts Councll England - An amount of £29.606 w8s transferred from Sinfonla Vivo Events Ltd ISVEI on the close of the sub8ldlary company. This reprasenl$ tho balance of 8 grant ma¢Ye to SVE for the payment of accomrnodadon T8nl. A total of £8,80616 ¢arrfed forward. 8lg GIvo• A balanc8 carriad foard of £9.814 from tha Blg GI Artty for Imp4¢1 Carnpalgn lo Support activity lor paople Imng with dementia in Derby Ind D8rby5hirg. R•lmaglne Projects - A balance brought fornard of £11,466 for an ttnvironmental themed project for SEND puplls attenélng Derby Schools - all spent in year. 8oryno4opland Charlty - Th1$ Is 4 grant not spent in the year re5trkt to WOTk In LSncoln8hSre. A balance is ¢arri8d forward. B•bèrgh Car0 - A prolecl for people who liva in care 8ettingJ and learnlng di¥abled aduttj livln9 in the community in Babergh. Suffolk- 811 spent in yaor. 80mrofjo - A balance of £1,800 Garrfed forward foi a serle$ ol a¢tlvllle? In and out of School for pupi18 al Bgmr05e School, Derby. Slng Vlva Carors Cholr A balanco brought foward of £4,991 from Erewash Voluntary A¢llon to support Slng Viva Carers Cholr activlty - all 8penl in yoar. A balance carri8d forward of £3,000 from D'oyly Carte Charltable Trust to 8UPPOrt Sing Wiva C8rer3 Choir actlvty. MEHEM - Uprtllng Lln¢oln8hlrg Mujlc Sqrvlce8 - A balance brought fornvard 01 £1,000 for th& legacy Prograrnme of Ihp MEHEM SEND Uprislng project- all 6pgnl in ygar. Pa9e 31 ¢onlhued..,
Iv Chamb r Or¢h$ Tradi a5Si nla Vl to tho Flnanclal Statèmonts- con he Yoar Ended 31 March 2026 18. MOVEMENT IN FUNDS- eontlnuod Derby Moor A balance of £1,500 carrled loard for 8 8888 Df acllvltles In and out of 8chool for pupi18 al Derby Moor School, D¢y. L•H Brook A balan¢8 cgrri¢d forward of £1,785 for a 8erie8 of actlvilio$ in and OLrl of school for pupils al Lee$ Brook School, Derby. Cultur• Cafe - A balanc8 of £4.000 carrted forward for 8 prole¢l for un8ceomp8nled asylum seeklng young people Imng In Derbyshire. PI4cg - Hubbub - A b4lance carried forward of £800 for a wllabpralivp pr4gGI with a Ig¢?1 Ih8alro company for18aming disablod childron. Baslldon Paddlnoton . Workshops for schools and famlly perfomi8ncea for communilles Sn Basildon, E39ex- all spent In year. DCEPFIRS School Project A serles of acllvi1186 In and out of SGhool for puplts at Flrs Primary School, Derby- all sponl in year. K•yh•rn Lod9• - A balallce brought forward of £7,4SS for a creative music PTojecl in a Social, Emotion81, Menlel Hea School in Lelcesler- 011 $p8nt In year LO1 Create A batance bwoughi forward of £g.025 for work ¥th chlldren 8né young people in LCes16r and L8icesler8hire - all spent in year. A balance Cdrried foThvard of £6.500 for a creatlv8 music project for boginner inslrument81is18 in Loicesler and Lei¢estershlre. Arcade - Love Story - A balance bTought forward of £4,413 far on Int*rganeration81 commun songwriting project in Scarbofough, North York8hire- all spent in year. Eartheart DRTT - A creallve muslc project wllh Deep Roots Tall Tree8 cholr, and young peopl8 from Corby Musi¢ C8ntr8, Northamplonshire- all Spent in ygaT. Good Company EM•x - A Cl1.rtS programme for Ih08e Ilving with dementia and their famity car¢Jr8 in Brentsyood, E0#- all ipent In year. STEAM - Early Yeorn- A balunce brought forward of £5,000 from Foundation Derbyshire (Tom Carey Fund) ft)r work8hops for pre-school GhlldTon and a Famify Concert for th8 undor 5,8 In D8rby - 811 8ponl in year. Kool Carnrn A programm• aupportlno young C8rern and those Iliring with early enyel dementia IhroLkgh creatlve workghop8 In Baslldon. E88eX- 811 spent In yeAr. Ollerton - A creatlv8 mu8lG prol8Ct for prlmary and secondary school pupll8, and the local bra88 band. In 011grton. Nollinghgm8hlr¢ 811 $ponl In ye8r. Transfarn betw••n fund4 TranDfer8 have been made frorn the gen8r81 fund where neceg88ry to promde 8ddltlon81 fundlng in 8UPPOrt of the re8lricled fund projectB. Page 32 continu8d...
Ivac e3tr the ancl 19. CONTINGENT LIABILITIES Genoral Donatlons In accordance wth normal pr8clicg, the terns of certein gran18 and don8llong may result in repayrnenl of 811 or part of the amounts receivabla rf the condition8 of that Income are not met. Tha Income m8y b8 subject to relr08peellve eh&ck8 8nd audll$ undortaken by or on behalf of the Income provid8r8. To the extant that condlti¢n8 are unable to be mel, grEnts or donaliDns may be repayablg. The dlrectOf6 do not bolieve that any malerlal amounts wlll need lo be repaid in respect of income included in Ihesg account¥, 20. RELATED PARTY DISCLOSURES Al the dosure of the Ir8dlng 8ubsldlary. Sinfoni8 Viva Event8 Ltd, 811 muni88 werg donated lo th8 charity. This included £29,606 orlginally Taceived In fundlng frum the Arts Councll for ronl paymanls, The balanc• of £2,95612024.' £8,808) is hgld wSthln re81iicled fund8. Support Is glvgn to th8 chorily by RollB Royce Ind Derby City Counril, the delall8 of which 8r& contsined wlhln the Tru81ees Report. Within the yearthe charity r•ceiv8d donations from Tru818è$101911Sng £15,907. Ther8 Were no other related paty IranJacEion8 for the yèar or precgdlng year. 21, ULTIMATE CONTROLLING PARTY A5 noted in the TruBl80$' Roport, the compgny18 a iegl8lered Charity, Ilmlted by guoranl•• Bnd not havlng 8h8re capltal. Each memb8r'8 li8bility 18 limited lo £10. TRUSTEE INDEMNITY INSURANCE The ov8rBII Insurance policy premlum8 include cover for the Charky Trustee Ind8mnty In$uran¢¢ provlding cover of up to £500,000 (2024.. £600,000}, 23. PENSIONS Th& charity aLJIcwenroll8d Its staff Into A defined eonlrtbullon 5ch8m• on 1 Jun8 2016. Payment5 in the yeartotalled £4,080 {2024.' £4,688). 24. CONTINGENT ASSET Sinfonia Vlva wa8 Informed in Junè 2023 th81 they were ta be th8 b8ngfl¢iary of a legacy from & person deceasBd prior lo the 3151 March 2023. The leg8cy18 subject to the fjale of a prop9rty, wllh Sinfonia Viva recelving a 3.5714'A $har8 of the resldue In the eslale. The exact Bmounl to bo r•ceived will be delermlned onca the sale ot th8 prop8rty Is completed forwhlch there 18 no dellnlllve limellne. Page 33