Registered number. 2040312
Charity number.. 295329
ORCHESTRA OF THE AGE OF ENLIGHTENMENT
TRUSTEES, ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
CONTENTS
Page
R8f8renc8 and AdrninistratlV8 Details ol Ihe Charity, its Twustees. and Adwsers
Trustees, Annual Report
Independent Auditor's Report on the Finanryal Slatements
Consolidated St8temènt of Finanual Aclivikn"ès
14
Consolidated Balance Sheèt
15
Charity Balance Sheet
16
Consolidaled Ststement ol Cash Flows
17
Notes to the Flnanaal Statements
18

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. Irs TRUSTEES. AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees
Imogen Ch8rfton-Edwards, Chairman
Cecelia Bruggemeyer, Vice-chairman
Crispin Woodhead, Chief Executive
Daniel Alexander KC
Alexandra Bellarny (appointed 20 September 20241
Adrian Bending (resigned 20 September 20241
Dr Daniel Edgarloppointed 20 September 20241
Denys Firth
Adrian Frost
David Marks
Rebecca Miller IreswJned 16 June 2024}
Alison McFadyen
Andrew Roberts Iresigned 20 September 20241
Kathgrine Spencer
Christinè Slich8r
Dr Susan Tranler
Emma-Jane Willan (appointed 2 February 20251
Eleanor Williamson lappoinled 2 Fèbruary 202SI
Company regl8ter•d nUm￿r
2040312
Charlty roglstorgd numbtrr
295329
Réglst•r•d offlc•
Acland Bufghley School
93 8¢Jrghley Road
London
NWS 1UH
Comp•ny ¥•¢r•tsry
Edward Shaw
Indépènd•nt audltor8
Crowe UK LLP
Charte￿d Accountants & Statutory Auditors
55 Ludgaie Hill
London
EC4M 7JW
Bank•rs
Lloyds Bank
39 Picca(lilty London
W1V OAA
CAF Bank
25 Kings Hill Avenuo
King5 Hill
West Malling
Kent
ME194JQ
Sollcltors
Hamlins LLP
1 Kingsway
London
WC28 6AN

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual ￿port. which indudes the D1￿CtOrS. report. together with the audited finan¢i81
stat8m8nts of the group and the Orch8stra for the y88r from 1 October 2023 to 30 S8Pternber 2024. The Trustees
confirm that the Annual Report arKI financial statetnents of the Orchestra comply with the current statutory
requirements, the requ1￿MentS ol the Orchestra's gtsveming document and the provisions of the Ststement of
Recommended Practice ISORPI. applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland Icharities SORP.. FRS 1021 (Second Edition
October 20191.
Since the Orchestra and the group qualifies as small under section 383. Ihe strategic report required of medium and
large ¢ompanie5 under The Companies Act 2006 Istrategic Report and Directorfs Reportl Regulations 2013 is not
r8quir8d.
Struetur•, govèrnaneè and managèmènt
The Group consists of The Orchestra of the Age of Enlightenment I"OAE", the par8nlorch&stral, and OAE Productions
Ltd Ilhe subsidiary).
The OAE is a registered Charity and company limited by guarnnte8. &Stablished in 1986 and govemed by its Articles
of Assooation. The OAE has no Sha￿ capitsl and in the event of it being wound up the liability ol Members and those
who ceased to be Members within one year is limited ¢0 £1.
As a 'self-goveming orchestra the majority of Members are Player Memb8rs. being those musicians who. in the
opinion of the Board, 'make a significant and conlinuiThJ contribution 85 musician5 to any orchestral or musical
en8ernble for the tirne being mainlained by Ihe Orchestr8'.
The Board ol Directors comprises all members of the Playe￿,AftsS1lC Committe8. the Chlaf Exacutive, and between
five and ten Non-Player Directors elected by the Members.
The Players, Artistic Committe6 I"PAC'I coMWs￿ five Player Mambefs. drawn from at least two sects'ons of the
Orchestra, elected by ¢he Player Members. Its rde is ¢0 establish the arbS1￿ policy and plans of the Orchestra,
supervise the choice of prograrnmes. personnel. cDnduclors. soltysts and other perfom)ers. and generally have
responsibility lor the musical direc￿'on and development of the Orchestra and the rnaintenance of arts'stic stsTrdards.
PAC mernbers are elec¢ed for a period of Ihree years and are eligible lor ￿eleCtIOn up lo a maximum term of slx
years. After retirernenl from the PAC at leasl three years must elapse before 8 P18yer Member is eligible for re-election
Non-PI8y8r Dirèctors arè rè(xuit8d by 8 Nominations Committee Ictsmprising lh8 Chair, a non-Play8r Dirècttsr and 8
mombèr ol thè PACI bofore being proptss6d lor èlecb.on by the Membats. Thè Nominations Committeè aims to ensure
the Board maintains an appropriate and wide range of skills and experience to complementthose of the PAC, including
individuals wth bad(grounds in leadership, govemance. finance. philanthropy. arts. education, communications, law
and HR.
Non-Play8r Oir8Ctors are glected for a period ol three y88rs and are eligible for rwlection up lo 8 Maximum term of
nin8 years, except in th8 cAs9 gf Ihg Chairman IwlK> is elwjible for rw19c1￿n up to a maximum tgrm of fiftegn ye8r51
and the Chief Executwe.
New Board members receive a datailed induction pack aThJ meet wilh Ihe Chief Extrcutwe, othèr Board Membèrs and
members of the Senior Management Team as requiffjd. and oThJoing support and training Is made aVaila￿a in the
areas in which they have specific respM)nsibilily.
The Board will make decisions relating to the vision. misS￿n and values lor the OAE, carrying on the charitable
purpose of the OAE in accordance wilh the objecis of the OAE as set oul in the Arbcles of Association and designing
strategy and structure for the operation of Ihe OAE.
The day to day management and decision making of the Orchesfra is delegated to the Chief Executive, who 1$
supported by a Senior Management Team I"SMfi of six (Projects Director, Director of Finance and Govemance.,
Chief Operating ()￿Icer, Education Director," Director of Marketing," Developrnent Director) and eleven other rnembeis
tsf staff leight full-time and three part-timel, and a number of freelance individuals for projeci assistance from time to
'me.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Stru¢ture. govern3n¢e and management (c¢￿11nyed}
The CEO is responsible for estsblishing and reviewiro all employee salaries with the exception of the SMT which is
r8Vi8W8d by the CEO with the 5UPPOrt of the Rernuneration Cornrnittee. The CEO will obtain guidance as required
from relevant SMT m8mb8rs and the Financ8 COMM￿8?. All salary am8ndrnents 8re 8pprov8d by th8 Remuneration
Committee.
The Remuneration Committee is responsiNe fw setbThJ the CEO and SMT remunerab'on in the light of their
performance and prevailing rnarket conditions. The Remunerabon Committee will work with the Finance Committee
to ensure that all compensatson changes are within approved budget limits. or Ihat such limits are duly amended.
The OAE has one wholly owned subsidiary, OAE Produclions Ltd, which h8s its own Board of Directors cornprised of
representstives of the OAE'S Board, PAC and senior m8nagernent ie8m 81ong Wlth an indep9ndgnt Director. OAE
Productions Ltd was the production company lor the majority ol the OAE'S concerts until 18 March 2022 when this
aetivity was transferred to the OAE and manaoès aspècts ol its commeroal activity including corporate sponsorshlp.
The OAE plans to make the subsidiary dormanl.
Details ol the relationships between the OAE and related parties arn induded in the notes to the financial ststements.
The OAE has achieved the key outcomes and is adoptiThJ recomm&nded practice lor th& Charity Govemance Code
principles relating lo organisational purpose. leadership. integrity. decision making and board effectiveness The OAE
15 working towards full compliance with the recommended wacts'cé for Ihe princsples relating to equality. diversity and
inclusion and openness and accoun¢ability.
To achieve the recommended practice, the OAE will in the current financial year..
1. Continue to refine Ihe key stakeholder communication stfdte9y; and
2. Contlnue to wor* on thè davelopmanl ol an èquality. divèrsity and incluslon pollcy.
Obl•ctlv•s and actlvttl•s
Our mlsslon
The object for which the Orchestra is established is to advance education through the promotion, support,
encouragement of the art of music linduding opera. music. drama. dancing. singing and all lomis consists'ng in whole
or in part of rnusicl and in p￿￿'CUlar Ihe kxomoD¢)n, encouragement and apprecialion of music as played on period
instrLJrnents.
Th& OAE 1$ on$ of tho wodd'$ lèading or¢h&stra$. giving wrfomian￿$ ¢h8ra¢t*ri$èd by enèrgy, insight and vit81ity
on p8riod appropriate inslrumants. Wè 8mb(yJy thè values of th* Enlight8nTnènt, challenging Èxisting id885,
championing innovation and approaching our music-making, which ranges from Monteverdi to Mahl6r, with a const8nt
spirit of enquiry. Whilst run and artistically led by our ￿aYers. we work with the worfd's leading artists. particularfy our
Principal Artists, as well as nurturing the next generation of musiaans. We strive to ￿ach the widest audience possible
through perfomance and our ￿nOwned educalion programme.
Ourstr4tegl¢ prf¢vltles
For the ye8r ended 30 Sept8rnber 2024 our strat8giC aims wer8 as follows=
Maintain th8 highest standards of artistic attainm8nL
Provid8 a comp811ing narrativ8 of artistlc 8Ctivity'.
3. Ensure more diverse participatstsn",
4. Broa¢Jen and ennch audience pa￿Cipath"On-
5. Ensure that our education programrne remained relevant and inspirational.. and
6. Be financially resilient.
Please See the Achievements and Impact section on pages 5 to 6 for discussion of our perfortnance against thesè
strategic priorities.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Obje¢ti¥es and a￿l¥ltieS Icontinuedl
Our activities
To 5UPPOrt our mission, deliv8r ouv strat8gic priorities and furth8r our puwposes for th8 public b8n8fit. The principal
activities we undertake are a worfdwde prtsgfamme Of concerts, recordings and broadcasts, and a cornprehensive
programme ol music education and outreach acts"vib"es aimed at involving, emwwering and Inspiring participants.
At the core of ourartislic activity is our pioneering ￿SIdencY al Adand Burghley Schod. Alongside that key community
partnership. we maintain an annual series of concerts al London's Southbank Centre and Kings Place.
We aim to nurture relationships with audiences in other IC￿tionS through partnerships and residencies with venues.
promoters and festsvals in the UK and overseas. In addition. we seek to make our work relevant to different audiences
through innovative methods of concert presenlalion and perfomiances in venues not traditionally associated with
18s5i¢81 mu51C.
In our education an(J outre8th work wg 81s9 aim to focus w rggions where the orchestra perforrn5, nurturing
relationships with local partners and building an OAE community in those areas. Our education activities are
streamlined into six distinct strands". TOTS Ilor those aged S and underand their parents and camrsl, schools, special
needs, nurturing tslent, opera, and flagship projects which integrate Ihe other five strands.
Publlc Benellt
In the preparation ol this Rewt. Ihe trustees have been aware ol their responsibilities to demonstrate that the
activities of the OAE offer a ￿81 and praclic81 public benefil as required under Section 4111 of the Charities Acl 2011.
The OAE Board of Trustees confirrns th81, in exerrising its powers and duts'es, il h85 cDrnplied with its duty to have
ragard to thè guidanc8 issued by th8 Charity Commission on Ihè provision of public banafit by ch8ritiès.
Thè OAE'S objèctivès and stralagie prioritiès arè sèt out abovè. Wè have raptsrtèd against Èach of thasa stratègic
prioritiès in relation to activity lor thè financial year 202312024. Th• Trusta•s havè had règard to thè Commission'g
guidance on public benefit when reviewing activities against objeclives set and in planning future activities, including
our fundraising and charitable trading activitses as detsiled below.
Fundraising and charitable trading play a crucial role in helping us reach the widest audience. enabling us to set ticket
prices and offer discounts Ihal reduce financial barrier5 to attendance. Broadcasts, recordings and online Streaming
of selected concerts. whelher free of charge or a¢ low prices. In¢￿ase Ihe number of people able lo experience our
music beyond the p8rform8n(% ￿Nu•. Thé selling ol eharyés for eduea￿.0na1Snd participatory progr8rnrnes is
fund81ll8nlally aimed at ansuring thay arè actassibla to th• vAd•st F¥JssI￿a communrty, and thèsè ar•, in most casès.
provided freo to benèfieiariès.
This Annual Report shows that Ihe guidance has been met.
Achl•v8m•nts and Impact
1. Artistic attainmenl and narrative
W8 rnaintained our artistic s8asons at Southbank Centr8 wtth lh8 following prDgr8rnrn8'.
Haydn.. First and L8St Symphoni8s, Bath= Complete Chrislrnas Oratorio Imasaaki Suzuki), The Fairy Qu8en
(Community Opera), Mozart.. Arias and Overtures ILoui5e Ader, Ricrardo Minasil, Bach.. Easter Oratorio
(Peter Whelanl, Sibelius". Symphony No. 5 (Maxim Emelyanychevl, Mendelssohn.. Complete Symphonies &
Piano Concerti IsirAndras Schiff).
Al Kings Place. the Bach. the Universe and EVe￿ing series continued for another season alongside the
Night Shift programme in London pubs. The OAE continued its ￿idenCY at Glyndeboume Festival for
operas IHandel.. Giulio Cesare. Mozart.. Die Zaubefflotel.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Achievements and impa¢t Icontinuedl
International touring included.. Denmark. Gennany. France. Belgium. Czech Republic and Austria. Domestic
tOLJring featured pertormances at.. Basingstoke, Saffrrjn Hall, Wiltshir8 Music Centr8, York, Plymouth, Durham
and Norfolk.
The residency at Acland Burghley saw the expansion of its offeracross multiple strands Including workshops,
mainstage collaboration. mentoring. and whole school musiuanship. Key components ol this wort( We￿ the
Dreamchasing Young Producers programme of mentoring students in creative industry skills. our innovative
Musical Connections programme for students. staff and OAE musicians. our flagship community opera at
Southbank Centre and regular workshops and enr￿inter sessions lo enrich school life.
Diverse partlClP8tion
W8 continued our programme of ed(￿ation touring to primary schools across London and comrnunities in
Norfolk, Durham and the South Coast. Through th• residency at Acland 8urghley school, workshops, SEND
programmes le.g. Musical Connecbonsl and the menlonng pfogramme Iofeamchasing Young Produeersl w&
maintainèd our offer lo underprivileged students across the campus.
3. Audience participation
The 2023-24 season saw further improvement in box office performance by comparison with the previous
8ea50n. Overall, we exceeded box office largels by 10% in 8ttend8nce and 240k in incixne. YouTvbe audience
increased by 1.5k in subscription wlh a sleady performance 8¢ross all other social rnedia channels.
4. Educational programmirKJ
Educational work w8S Stron9ly ￿P￿Sent￿ a¢ros$ our ¢$tabli$h¥d t&rritori&$.' London l¥.g. Nawh8rn, Brgntl,
the South Coast, Norfolk an¢J County Dutham. The range ol acbvity followed the pattem 012022-23 with
particular areas ol ernphasis on earty years le.g. The OAE TOTS programmel, Key Stages 1 and 2 and SEND
support with flagship work based around the projects such as The Fairy Queen.
5. Financial resilience
This was an important year in our graded pr(>Jramme of investrnenl in activity to la(ilitrte the rewvery of the
orch8Stra and its activity Irom the Covid-19 pand8rnic so thal lulur8 years c8n offer a 5t8ble and resilient
programme. Thi5 5trat8gy ol investment 8nsur8S thal the relationship with audience5 15 m8iritain8d, roots ar8
set down in the new resident community. artists"c attainment is supported at the highest level with
commensurate critical reception and that. all taken logelher. Ihe reputation of the orchestra is advanced. This
advancement can then be translated into finanaal support and artisbc invitation. This strategy aims to ensure
that the fundarnenlal mission of the organisalion conlinues vnhampered by the many negative consequen￿$
of Ihe pandemic and the war in Ukraine le.g. inflation. audience retic2nce, depression in overseas ¢ouring,
energy crisis, restriction in overseas actNityl.
Finan¢ial review
Income
The group's prinapal sources of funding are income frthn donab.ons and legaues and income from charitable
activities, principally ticket sales and engagement fees for con￿rtS given.
Donation and grant income raised in the year totalled £1.781k 12023.. £1.258kl, an increase from the prior year,
including £208k from Arts Council England grants12023'. £217kl.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Finan¢ial review l¢ontinued}
Income (continued)
Donation and grant income was raised frimn IrKlividuals (from Friends Patron memberships, in addition to
unrestricted donations, Gift Aid clÈitns, and project Supp￿1) - £884k 12023". £511kl, Arts Council England National
Portfolio funding - £208k 12023. £217kl, corporate donations £19k 12023". £16kl, legacies £7k 12023". £29kl,
education partnerships - £115k 12023.. £128kl. and trusts and foundations
£548k 12023.. £357kl. Total direct
expenditure on fundraising events in the financial year totalled £33k12023.' £29kl.
Income from charIta￿e activities increased to £1.644k from £1.363k in the prior year. refiecting the ￿ significant
tours in 2023-2024. and an expansion in funding for the programme of edU￿tiOn work.
EX￿n￿ltur•
The group'5 total expendrture for the year was £3,739k, an inuease on Ihe prior year of £3.199k.
Expenditure on ch8ritsble activities and on raising lunds for the financial year w85 £3,304k 8nd £435k respectively
12023.. £2.810k and £389kl. 01 the txpendilura on Charitablè activits"&s. 80% is attributabl8 to concèrt aetivitiès and
20Q/ts to education activilies12023.. 78Qh and 22%1.
The cost of raising funds in the year is ccfflposed of direcl exp8ThJiiure of £33k. allocated stsff costs of £293k and
allocated support costs of £109k Isee nole 6: 2023". £29k. £266k and £94k respectively).
Funds
At 30 Seplernber 2024 the group held lotal funds of £1.247k12023'. £1.174kl consisting ol restricted funds of £69k
12023.. £205kl and designated funds 01 £714k12023.' £749kl. Unrestricted general funds were £465k12023', £220kl.
Restricted and designaled funds are predominantly composed of Ihe £660k designated reserve fund (see risk and
re5erve5 section below,. 2023.. £660kl, desi9n8led ￿pital projects lund 1£24k,. 2023.. £49kl, fystricl•d ¢apit81 ftjnd
1£69k,. 2023.. £75kl and restrictad funds lor education acbvitsas ol £nil12023.. £130kl.
The resulting net increase in total funds of £73k 12023.. £325k deueasel is in line with the Tmstees, objective of
expending funds on charitable activities. while maintaining an appropriate levd ol reserves. This use of funds is
consistent with the aim ol enhancing the Orchestra's reputation. so necessary for its lulure rnission.
The unrestricted general funds as at 30 September 2024 01 £465k12023.' £220kl wll be spent to deliver the OAE'S
ambitious Flans in 2024125 and beyond as il invesls lo deliver ils mission.
Rlsk and Reserves
The Trustees h8V8 identified the principal risk5 faong the Orch85tra, wth th8 most irnportant risks, the k8y 818tll8nts
tsf the mitigationlmanagement strategy ftsr these nsks, listed in the table below".

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Risk and Reserves l¢onlinuedl
Uncertainty in economic oudook
Review of 8dditronal st8ff and player support off8rings
Review ol surplus cash management options
Environmental impact of touring
UFMlate OAE'S 8nvironm8nt p(Aicy 8nd 8nsur8 communicated to
all stakehoklers
Continue the annual carbon reportitYJ
Consider 8lt8matives to 8ir-travd for European touring
Fraud induding cY￿r fraud
coM￿henSlve fraud resilience slrategy in place including anti-
Iraud [￿licY
Continu8 Staff Iraining and gngaggment
De¢line in phil8nlhrL¥)i¢ gNing
Strategic fundraising plan io increase number of donors and a
broader'spread, of donors
Over-reliance on key players, stsff
and senior volunteers
Maintsin open ¢tynmuni¢ation Structures
Maintaining
standards
and
CLintinuous
development programme
Robusl trials and auditions in operation
Effecliv& SU￿$S1on planni
professional
These and other areas of risk are monilored by the Trustees and management team. and strategies are developed
lo manage them as they are identified. As part of this process the potential financial impact of each risk is assessed
and weighted according to its likelih<)od. TheTruslees' reserv95 policy is to hold sufficient reserve5 to cover this over311
level of ri8k, resulting in a currgnl requirement to hold £660,000 in reserv95. This amgunl 15 held in 8 dg5ign8ted
reserve fund, enabling the organisation to lakè appropnale artisbc risks and plan confidenuy for the future.
Golng Coneérn
The ability to secure future domestic and international perfomiance may be impacted by several sources of
uncertainly.. the extent ol economic uncertainty in the UK. with asscKialed inflats'onary increases and dedine in
philanthropic generosity,. competitson in Ihe digital licensing market.. and the possibility of a decline in perforrnance
standards.
The Trustees have prepared projected cash flow infomalion, induding sensitivity analy5e$. These cash flows
consider projected cash inflows from both eharitable actiwties, and grants 8nd donations. Duè tts their natur8, th8re
ar8 inharènt uncèrtaintias with iagards to th8 valuè and timing of wcèipt of grnnts and donations.
On the basis of this cash flow inforrnation, which (x)vers a p8ri(yJ olat leastone ye8r from the 8pproval of th8 Iin8nci81
statements, and the level of available reseNes and cash funds, the Truslees continue to adopt the going COn￿M
basis of accounts'ng in preparing the annual finanaal ststements.
Plans for future perlods
In the 202412025 season the OAE has continued lo invest in recovery ol a full artist￿ schedule. The challenges of
global econornic turbulence rernain signifiG4nt, but it is Ihe Orchestra's unanirnous ￿)MMItMent to r8spond with
SU5t8ined activity. This implies a full artistic programme at the Swlhbank C8ntre.' Bruckn8r 5th Symphony with Adam
Fischer, Baroquebust8r5 Wlth Julia Bullock, Complete Brandenburg Concertos, Beethoven Violin Concerto with Maxitn
Emelyanychev and Vilde Frang. a cycle ol new commissions ins￿re￿ by the life and work of Fanny Mendelssohn,
Bach St Matthew Passion, Magic Flute Community Opera. Mendelssohn aThJ Schumann with Andras Schiff. Elgar
Sea Pictures and Enigma Variations with Dinis Souza. The Kiros Place residency has continued with another series
of Bach, the Universe and Everything. Brandenburg c￿￿rt0S and Baroquebusters have toured widely across the
UK including major regular partnerships in Manchester, Sheffield, Darlington. Sheffield, Basingstoke,

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Plans for future periods l¢ontinuedl
Saffron H811 and Malvem. Intemational touring has induded v8nues in the Uniled States, Denmark, Gemany, France,
Austria, Switzerfand. The N8therfands. Belgium. Hungary and Romania.
Work at Acland Burghley continu85 to enrich curricular and extra-curricular activity wth major flagship work including
th8 internatiollal premiere of 'Breaking 8ach' renowned choreiyJrapher Kirn 8randstrup directing professional
dancers and students from Acland 8ur9hley Schoc4. the OAE Education Community Opera at Southbank Centre and
new work with Unit9 and Curved music on a projecl that connecis hamiony and light.
Infornialion on fundraising practices
The OAE is registered ￿th the Fundraising Regulator body and our Development department's work is to ensure a
reliable financial platforrn for the delivery of the OAE s artists'c acbvity within their code of best practice.
We have received no complaints via the Fundraising Regulat(*, and we believe thal we CoM￿Y with the 8t8nd8rds
set by the Fundraising Rggul8tor.
Fundraising 8cliviliÈs are locus8111)n building funds by..
continuing to grow major donor support One￿ concerts and proi8cts',
increasing annual individual membership income al Friend and Patron levels.,
retaining and increasing trust and foundation support for education and project work.,
retaining key corporale supporters..
cullivats'ng polential Sponsors 8t all levels lor cash and in-kind supwrt.,
using concerts and lundraising events to steward exisbng supporters and cults'vate new ones.
All ol this aetlvity is monltorad and r8corde(l on tha OAE'S CRM system, T8ssitura, which it shar•s wlth tha Soulhbank
Cèntre. We work dosely wth sènior volunteers to invdv& th&ir nelwoths in our work. Wa do not employ commeraal
participators lo cary out any ol these activits￿ on our behalf. Two exlemal fundraising consultants are engaged lo
support with gran¢ bid submissions and assoclated grant reports'ng.
The OAE Developrnenl Team cultivales and manages relationships ￿th supporters and has robust procedures to
protact vulnerablè paoplè and othèr m*m￿r$ of thè public from bÈh8vitsur which is 8n unr8astsnablÈ intrusion on 8
rson's priv8cy, is unrèasonably pèrsistènt or placés unduè prèssurè on a parson to givè monay tsr othèr proparty.
These pr¢Kedure$ are wdified in the OAE Priv8¢y Policy and include trdnsparency of communications and supporter
rights around data handling.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
ststement of Trusteej. reJpon$ibili¢ies
The Trustees (who are also the directors of the Orchestra for the purposes of Company lawl are responsible for
pr8paring the Truste85' Report and the Iinancial statements in accordance with appliGqbl8 law and United Kingdorn
Accounts'ng Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare finanual st2tements for each financial year. Under Company law the
Trustees must not approve the financial statements unless they are satisfied that they give a true and lair view ol the
slate ol affairs ol the group and the Orchestra and of their 1￿MIng resources and application ol ￿sourCes. including
their income and expenditure. for that period. In preparing these financial slalements. the Trustees are required to..
5919Ct 5Ult8b19 8c¢ountin9 wAicies and then apply them consistenuy..
observe the methods and principles in the Charities SORP..
make judgments and 8c¢ounting estimates th81 are reasonable and prudenl..
prepare the financial slalernents on the going u)ncèm basis unless it is inappropriatè to presumé th8t thè
charitable group will continue in operation.
The Trustees are responsible lor keeping accthJnling records which disclose with reasonable accuracy at any lime
the financial position ol the OAE and the group and vthich enable them to ensure that the financial statements comply
with the Charities Act 2011 and the Sts¢ement of Recommended Practice "Accounts'ng and Reporting by Charities"
which is applicable to charities preparing their accounts in accordance with the "Financial Reporting Standard
applicable in Ihe United Kingdom and Republic of Ireland" IFRS 1021, second edits'on effective 1 January 2019. They
arg also responsibl8 lor safeguarding Ihg assgts ol the OAE and thg group and hen¢e lor taking reasonable Steps lor
tha pravèntion and datection of fraud and brèathès oflaw and regula1￿$.
Audltors
A resolution to re-appolnt Crowe U.K. LLP as tha Orchastrn's audiiors ￿11 be proposed at tha forthcomlng Annual
General Meeting.
Olsclosur• of Infomiatlon to audltors
Each of the persons who are Truslees at Ihe bme when Ihis Trustees. Report is approved has confimied that..
$0 18r as thai Trustee is aware, there is no reltrvant audit infomwtion of whi¢h the ¢h8rit8ble group's auditors
are LJnaw8re, and
that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of any
relevant audit infomiation and to establish that the charitable group's auditors are aware of that inforrnation.
In preparing this report. Ihe Trustees have laken advantsge of the small companies. exemptions provided by section
415A ol the Companies Act 2006.
This report W8s approv8d by the Trustéès and signÈd on Ihoir bèhalf by..
Alison MeFady•n, Trusiè•
28 Jul 2025
Datè..
10

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ORCHESTRA OF THE AGE OF
ENLIGHTENMENT AND SUBSIDIARY UNDERTAKINGS
FOR THE YEAR ENDED 30 SEPTEMBER2024
Opinion
We have audited the financial statements of Orchestra of Ihe Age of Enlightenment I'the charitable company l and
its subsidiary I'the group'l for the year ended 30 September 2024 which comprise the Consolidated Statement of
Financial Activities, the Con501id8ted and Charity Balar￿e Sheets, the Consolidated and C8sh Flow Statements and
notes to the financial statements, including signrficant accounting policies. The financial ieptsrting framework that
has been applie¢J in th&r preparation is applicable law and United Kingdom Accounts"ng Standards, Including
Financial ReFQrting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally A¢￿ple￿ ACC￿nting PraciKtl.
In our opinion the financial statements..
give a true and fair view of the state of the group's and the charitable company s affairs as at 30
Sepiernber 2024 and of the group's income and expenditure. for the year ihen ended..
have been property prepared in accordance with United Kingdom Generally Accepted Accounting
Pr8etiC8', and
h8ve been prepared in 8ccordance with the requirernents of the Companies Act 2006.
Basls lor oplnlon
We eonducted our audit In accordance with Inlemational Standards on Auditing IUKI IISAS IUKII and applicabla
law. Our responsibilities under those standards are further described in Ihe Auditor's responsibilities lor the audll ol
the financial slalemenls section of our r6POrt. We are in¢Jependenl ol the group in accordance with the ethical
requirernents that are relevant to our audit ol the financial statements in the UK. including the FRC'S Ethical
Stsndard, and we have fulfilled our olher ethical ￿SponsIbl11bes in accordance wth these requirements. We believe
that ¢tte audit evidence we have obtained is suffirient 8nd appropriate to provide a basis lor our opinion.
Con¢luslons rglatlng to golng concern
In auditing th8 financial s18tgrngnlS, w8 havè condude(I that lh8 I￿$t¢￿'S Use of Ihe going Can￿M basi$ of
aeeounling in tha preparation of the financial statèments is appropriat•.
Basod on tha woth wa h8vè parfomie(l. we have not ￿ents"fI•d any matarial unc&rtaints'8s r8latlng to wants or
condits'ons that, indwidually ￿ collectively, may cast significant doubt on the charitable company's or the group's
ability lo continue as a going concem for a per￿ ol at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilibes of Ihe Injslees with resFecl to gThng o)ncem are described in the
relevanl 8eclions of Ihis rep￿1.
(Xhgr Informatlon
The trustees are respOnsi￿e for Ihe other information C￿laine{l wthin the 8nnual report. The other informats'on
comprisès the information included in the annual report, other than th6 financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover thè other information and, except to the extent
othe￿1$e expliatly stated in our report, we do ￿t eXp￿sS any fomi of assurance conclusion thereon.
Our responsibility is lo read Ihe other information and. in doing so. consider whether the other information is
materially inconsistent with Ihe finanaal slalemenls or our knowledge obtained in the audit or othetwise appears to
be materially mi5Stated. If we identify such material inconsisiencies or apparent material rnisstaternenls, we are
required lo determine whether this gives rise io a material misstatement in the financial stat8rnenis themselves. If,
based on th8 work we have perfO￿ed, we condude that ther8 is a m81erial mi55t8tem8nt of thi5 Other information,
we are required to report that fact.
We have nothing to report in Ihis regard.
11

INDEPENDENT AUOITORS. REPORT TO THE MEMBERS OF ORCHESTRAOF THEAGE OF
ENLIGHTENMENT AND SUBSIDIARY UNDERTAKINGS ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Opinions on other matters pres¢ribed by the Cornpanies Act 21)06
In our opinion based on the work undertaken in the course of our audit
the inlomation given in the trustees, report, whi¢h indudes the dirertOfS' feport prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements,. and
the directors. report included within the trustees. report have been prepared in accordance with
8ppli¢able legal r8quiremen¢s.
Matters on which we are required lo ￿port by excepllon
In light of the knowledge and understsnding of the group and chantable crynpany arKI their environment obtsined in
the course of the audit, we have not identifigd material misstatements in the directors. report included within the
trustees. report.
We have nothing lo report in respect of thè following matters in rnlalion to which thè Companies Act 2006 requirès
us lo report lo you il, in our opinion".
adequate and proper accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures ol Iruslees. remuneration speufied by 18w are not made.. or
we have not received all the inlormalion and explanations we require for our audit.. or
the Iruslees were not enlilled lo prepa￿ the financial statements in accordance with the small
companies regime and take advaniage of the small companies. exemptions in preparing the
trustees. annual report.
R•8ponslbllltl•s ol trusté•s
As explainad mora lully in thè truste&s' resF¥)nsibilili&s stal•mènt sat wt ￿ pag• 10, thè trustè&s (who arè also thè
directors of the charitable company for the purposes of company lawl are ￿spOnSible for the preparation ol the
f1nancial stalernents and for being Sa￿'$fIed that they give a true and fair view. and for such internal control as the
Iruslee5 delerrnine 15 necessary to enable Ihe preparalK)n ol financial slalements that are free from rnaterial
mi33talernent, whether due lo fraud or error.
In preparing the financial statements. Ihe InJslee3 are resp)n$ible for assessing Ihe charitable company s ability to
conlinLJe a5 a going concern, disd05ing, as applicab18. matt8rs related lo g(xng eoneem and using th8 going
concèrn basis of accounting unless thè Iwstèès aith*r int8nd to liquidatè thè charitablè company or to Ca8Sa
operations, or have no realisb"c altemative bJt to do so.
Audltorfs r•8ponslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance at*)ut whether the finanual statements as a whole are free from
rnaterial misstatement. whether due to fraud or error. and lo issue an auditor's report thal includes our opinion.
Reasonable assurance is a high level of a55urance, but 15 not a guarantee that an audit conducted in accordance
wilh ISAS IUKI will always detecl a rnalerial mi5slalement when il exists. Misslalernenis can arise frorn fraud or
rror and are considered material if, individually or in the aggr8gate, they could reasonably b8 8XP?cted to influèncè
tho oeonomie decisions of users taken on the basis of Ihese finanaal statements.
Details of the extent to which the audit was considered capable of detecting irregularitses, including fraud and non-
compliance with laws and regulations are sel out below.
A further description of our responsibilibes for Ihe audit of Ihe financial slalements is located on the Financial
Reporting Council's website at: www Ir¢.or
-ukl8udil(ursres
onsibililies. This description forms part ol our audilorfs
report.
Extent to which the audit wa5 considered capable of detecting Irregularit￿5. including fraud
Irr8gulariti85, inclLJding fraud, are instanc85 of non-COtnplk3nce with laws and re9ulation5. We identffi8d and
a55es5ed the risks of material rnisstaternent of the finanaal ststements frorn irregularitie5, whether due to fraud or
error, and discussed these between our audit team members. We then designed and perfomed audit procedures
sponsive to those risks. induding obtaining audit evidence sufficient and appropriate lo provide a basis lor our
opinion.
12

INDEPENDENT AUOITORS. REPORT TO THE MEMBERS OF ORCHESTRAOF THE AGE OF
ENLIGHTENMENT AND SUBSIDIARY UNDERTAKINGS ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
W8 obtained an understanding of the legal and regulatw frameworks within which the charitable cornpany and
group operat85, focusing on those laws and r8gul8tions Ihat have 8 direct eff8Ct on the d8t8rrnination of mat8rial
aTnount5 and disclosures in the financial statements. The laws and regulations we considered in thi5 context were
the Companies Act 2006, the Charities Act 2011, together with the Charities SORP IFRS1021. We assessed the
required compliance with these laws and regulations as part of our audit procedures on the related finanaal
statement iterns.
In addition. we conshyered provisions of other laws and regulations that do not have a direct effect on the financial
statements but compliance with which might be fvndamenlal to Ihe charitable company s and the group s ability to
operat8 or to avoid a material p8nalty. W8 also considered the opportunities and incentlV8S that may exist within thg
charitab18 company and the group for fraud. The laws and regulation5 we considered in this context for the UK
operations were health and safety legislation. taxali¢)n legisla1￿n, employment legiglats"on, and General Data
Protection Regulation IGDPRI.
Auditing standards limit the reqUI￿d audit procedures lo ￿entify Th)n-cc¥npliance with these laws and regulations to
enquiry ol the Trustees and other management and inspection of regulatory and legal correspondence. il any.
We identified the greatest risk of material impacl on the financial statements from irwularities. including fraud. to
be within the timing ol recognition of income lin particular granl income. ticket sales. and performance fees). and
the override of controls by management. Our audit pr(￿*dureS to respond ¢0 these risks included enquirie3 of
rn8nagement, and the Finance Cornrniltee abovl their own identification and assessment of the risks of
irregularitiès, sample tasting on thè posting oljoumals, rèvièwing accounting •sts"matès lor biasès, rèvièwing
regulatory eorrèspondanc* wlh tha Chanty Commiss￿n, and readiThJ minutes ol meetin9s of those charged with
governanca.
Owing lo the inherent limitations ol an audit. there is an unavoidable risk Ihat we may not have detected some
material misstatements in the financial slatemenls. even Ihough we have property planned and perfom)ed our audit
in accordance with auditing standards. For example. the further removed non•compliance with laws and regulations
lirregularitiesl is frorn the events and transactions reflected in the financi81 staternenls, the less likely the inherently
limited prO￿dureS required by auditing slandards w)vld Klentify it. In addition, as with any audit. there remained 8
hlgher risk of non-d6t6etion ol irra9ularitiès. as th&sè may involvè collu￿On, forgèry, Intèntion81 omissions,
misrepresentations, or the 0￿m¢ye of Int&rnal controls. We are not reswnsible lor p￿ventIng non-eomplianee and
cannot be expected to d&t6Ct non-compllancè with all laws and rngulab"ons.
U8• of our r•port
This report is made solely to the charilable company s members. as a body. in accordan￿ with Chapter 3 01 Part
16 of the CcYnpanie3 Acl 2006. Our audil work has been undertaken so Ihat we might 5tste to the charitable
ompany s members those rnatters we are required io slate to them in an avditor'5 report and for no other purpose.
To the fullest extent permitted by law, w8 do not ac￿p1 or assume restxjnsibility to anyone other than the charit8b19
company and the eharitable company s members as a bcxjy and the charitable company's members as a body, lor
our audit work, lor this report, or lor the opinions we hav& lom)6d.
Jayne Rowe
Senior Statutory Auditor
For and on behalf of
Crowe U.K. LLP
Statutory Auditor
London
Date..
28 july 2025
13

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE
ACCOUNT
FOR THE YEAR ENOED 30 SEPTEMBER 2024
UnrgStri¢tsd
funds
2024
Restri¢t¢d
fund5
2024
Total
funds
2024
Totsl
fund5
2023
Income frorn=
Donations, grants 8nd 19gaci98
Chanlable activities
1.099,632
681,050
1.780,682
1,258,368
1.578.075
12.440
65,793
1.643,868
12,440
377,409
1,362,817
7.396
Investment income
Other income
377.409
252.607
Totsl Incom?
3.067.556
746.843
3.814.399
2,881,188
Expendllure on:
Raising ￿ndS
Charitable activities
1431.2771
12,394,943)
12,826,220>
14,1071
IWJ8,8071
1912,9141
1435,3841
13.303,7501
13,739,134)
1389,3311
12,810,168)
13,199,499)
Total 0x￿ndIt￿re
Not Ineomé I l•xp•ndlturél
241,336
1166,0711
7S,26S
1318,3111
Transfer behveen funds
19
129,2961
29,296
Othèr r•cognlsèd galns I
Ilossasl:
(Lossesl I gains on revaluation
ol fixed assets
Effects ol foreign exchange
¢ontract movements
12
12,1CM)I
12,1001
18,OCK)I
680
Net movement In funds
209,940
1136,7751
73,165
1325,4311
Reconclllatjon of funds:
Total funds brought forward
968,881
205,374
1,174,255
1,499,686
Net movement in funds
19
209,940
1136,7751
73,165
1325,4311
Total fvnds carrled fon¥ard
1,178.821
68,599
1,247.420
1,174,255
The Consolidated St8tem8nt of Financial Acltvitses includ85 all gains and losses r8cognTS8d in the year.
The above ￿sUltS are from conts'nuing activities and there a￿ no other gains and losses except as stated above.
The notes on pages 18 to 41 fom part of these finanaal slalements.
14

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
CONSOLIDATED BALANCE SHEET
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Note
2024
2023
Flxed assets
Tangible assets
12
171.654
192,214
Current a5S8ts
Dèbtors
14
1,146,243
1,003,699
Cash al bank and in hand
553.447
495,020
1,699,690
1.498,719
Cr8dilors'. amounts 1811ing due wilhin on&
e8r
15
1623,924
1516.6781
N?t currgnt assots
1.075,766
982,041
Net assets
1,247,420
1,174,255
Charlty lund•
Restricted funds
19
68.599
205,374
Unreslricled lund$
19
1,178.821
968,861
Total funds
1,247,420
1,174,255
The financial statements have been prepared in accordance wth the prowsions applicable to 6nts'ti6s subject to the
small companias, mgima.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Allson M¢Fadyen, Trustee
28 Jul 2025
Date..
The notes on p8g8s 18 to 41 form part of thes8 financial slalements.
15

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
CHARITY BALANCE SHEET
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Note
2024
2023
Flxed assets
Tangible assets
Investments
12
171.654
192,214
13
100
100
171,754
192,314
Current assets
Debtors
14
1.297.901
1.062.917
Cash al b8nk and in hand
417,469
449,797
1,715,370
1.512,714
Creditors.. arnounts f811ing due wilhin one
ear
15
{668,178
1560,7531
Net Gurr•nt as80ts
1.047,192
951,961
Ntt assèts
1.218.946
1,144.275
Charlty funds
Restricted funds
19
68.599
205,374
Unrestricted funds
19
1,150,347
938,901
Total funds
1.218.946
1,144,275
The financial statements have been prepared in accordance with the provisions applicable io enb'ties subjec¢ to the
srnall companies, regirne.
The Charity has t8kgn 8dv8nt8ge ol lh8 ex8mption undèr séetion 408 of the Ctsrnpani8g Act 2006 and hag
not presented its own Staternent ol Financial Activities in these financial 5tat8ments. The surplus of the parent Charity
for the year was £74.671 12023. deficit of Ihe pa￿nt chanty was £330,688).
The financial statements were approved and aulhorised lor issue by ihe Trustees and signed on their behalf by..
3+
Allson McFadyen, Trustee
28 Jul 2025
Date..
The notes on pages 18 to 41 form part of thes8 financial 51alem8nts.
16

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Note
2024
2023
Cash flows from operatlng a¢￿vItIeS
Net cash provided by I (used inl operating activities
23
83,319
1714,9031
Cash flows from Inv85tlng actlvltles
Dividends, interest and rent from invesiments
Purchase of tangible fixed assets
Net cash used in Investing activitle¥
12,440
137.3321
124.8921
7,396
177.8211
170.4251
Chango In cash and cash equlval•nts In tho y•ar
Cash and cash equivalents at Ihe beginning of the year
Cash and eash •qulvalènts at thè ènd ol th• yèar
58,427
1785,3281
1,280,348
495.020
24
553.447
495,020
Th¥ notgs on pages 18 to 41 lom part of th$$e finan¢ial statements.
11



OAE Productions is exempt from the requirements of the Companies Act 2006 relating to the audit of the individual accounts by virtue of section 479A of this act. 





ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies Iconlinued)
1.4 In¢ome
All income is ￿e0gniSed On￿ the Charity has enb"Uement lo the income. it is probable that the income
will be received, and the amounl ol income receivable can be measU￿d reliably. Income tax
recoverable in relation to inveslmenl income is recognised at the time the investment income is
receivable. Other income is re¢ognised in the pwiod in which it is ￿￿1Vable and to the extent the
goods have been provided or on completion of Ihe Service.
Donationty
Donations recèlved with Smwsed restrictsons afe dassth•d as restrict￿ funds.
Donations in kind are valued and included in income tothe extent that they represent goods or services
which would otherwise be purchased. The valuation is based on what a third party would pay for the
goods or seryices. An equivalent amounl is charged as expenditu￿. Income and the corresponding
expense are recognised in lh8 year Ihal the gc*)ds or S&r¥Ic￿ are received14Jsed.
Grants rec•lvablg
Revenug grants are {Y￿lted 8$ ir￿rne when they are receivablg provided ¢ondition$ for receipt have
baèn complied wilh. During the year the 9rtsup ree8ivèd a £207,656 National Portfolio Organisation
grant from the Arts Council England12023." £216.8221. In accordance wth our accounting policy thls
cre(Jil is indude(J in Incomè from donaljons and legaci&s wlhin the Income Statement ovar the sama
period as the expen¢Jilur6 on charitable acts"vilies Ihat are bein9 funded by tha 9ranls.
Logacl•8
Legacy gift5 are recognised on a case-by-case basis when the charity 18 notrfied and when the value
and entitlern8nt Ol th8 le9aey is known with rèasonable cèrtainty.
Oreh•itra Tax Rèll•f
Oreh6str8 Tax Rèliaf is fecognisèd in the period in which qualifwng eX￿ndItUr& is rècognisad. In 2024,
accrued income includes £522.379 in relation to (he OTR daims for the years ende(J 30 September
2023 and 30 September 202412023: £203.703 for the year ended 30 Seplember 20231.
Charftable tradlng actlvlUe$
Ch8rit8ble trading activiligs represgnls incryne received Irorn live and recorded music31 performances,
including concerts, recordings and broadGqSts over various m8dia. The inwmg is recognised on thg
completion of the perforvnance or, in the case of rtsyalb"es. vthen receivable.
Other trading adivities rep￿sents income received from fundraising events, membership
subscriptions and sales of merchandise. The income is recognised when receivable.
Interest recelvable
Interest on funds hdd on depositis included vthen re(*ivable and the amount can be measured reliably
by th8 Charity., this is normally upon notification of the interest paid or payable by th8 Bank.
Investrnent income
Investment itKome. gains aThJ losses are allocated to the appropriate fund.
19

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies Iconlinued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive 0￿19allOn lo transfer economic benefit
to a third party, il is probable that a transfer ol economic benefits wll be required in setUement and the
amount ol the obligation can be measured reliably. Expenditu￿ is classified by activity. The costs ol
each activity are made up olthe iotal of direct costs and shared costs. including support costs involved
in undertaking each acbvity. Direcl costs at¢ributsble to a single activity are allocatsd directly to that
activity. Shared costs which contribute to more than one activity and support costs which are not
8ttribut8ble to 8 single actsvity are 8pwrboned between those actNitie5 on a b8SIs consistent with the
U58 of r850urcgS.
Costs ol raising funds am those incurr811 in s8ekin9 voluntary contributs"c•)s and do not include thè
costs ol ¢Jisseminabng inlomialion in support of the chanlable acts"vilies. Support costs are those costs
incurred directly in support ol expenditure on Ihe objects ol the Charity and include project
management costs. Governance costs are those incurred in connection wth administration of the
Charity and c#)mpliance with constitutional and statutory requirements.
Expenditure on raising lunds indudes all expgn(Jilure i￿VrTed by the Group to r8isg funds lor 115
charitable purposes and include5 cosls of all fundraising actsvibes events and non-charitable trading.
Expèndituw on ¢h8ri18blè activities 1$ Incuff￿ on dire¢tly undtrrtaking tho a¢tivili&s whi¢h furth&r th$
Group's obl6ctivès. as well as any associat￿ supporl costs.
Grant making chantablè aclivity expenditur• ralatas to grants to tha Orchèstra of tha Aga of
Enlightenment Tnjsl I"OAE Trusl") and Ihe OAE Benevolent Fund.
1.6 Fund accountlng
General lunds are unrestrided funds which are available for use at Ihe discretion of the Trustees in
lurthèranc& of th$ gèneral objocbvas ol tho Group and whi¢h havè not bèan d&signatÈd for tsthar
purposes.
Designated funds comprise Un￿StriCted funds that have been set aside by th& Trustees for particular
purposes. The aim and use of each designaled fund is set oul in the notes lo the financial statements.
Restricted funds a￿ funds which are lo be useLI in a￿rdance with speafic restrictions irnposed by
donors, or which have been raised by the Group for particular purposes. The costs of raising and
adminisiering such hjnds are charged 898inst ihg specific fiJrKI. The aim and use of each restri￿ed
fund a￿ set out in thg notes to the financial st8ternents.
1.7 Operatlng lea￿5
Rentals paid under operating leases are charged to the Consolidated Siatementof Finanaal Activities
on a straight-line basis over the lease iemi_
20

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies Iconlinued)
1.8 Tongible fixed assets and dep￿1¥tion
Tangible fixed assets costing £500 or more are capitalised and ￿cogniSed when future economic
benefits are probable, and the cosl or value ol the asset can be measured reliably.
Tangible f xed assets a￿ initsally recognised at cmt. After ￿cOgni￿on. under the cost rnodel. tangible
fixed assets are measured al cosl less accumulated depreciation and any accumulated irnpairment
losses. ￿1 costs incurred to bring a tsngible r￿ed assel inlo its inlended working condition are induded
in thg mea5urernent of c05t.
A review for impaiment of a fixed asset is carried rf events or changes in circumstances ind1cate
that the carrying value ol any fixeil asset may not bè recoverable. Shortfalls between the carrying
value ol fixed assets and their recoverable amounts arè r*cognis8d as impaimi•nts. Impaimènt loss&s
are recognised in the Stalem8nl of Financial Activities.
Depreciation is charged so as to allocate the cost ol langible fixed assets less their residual value over
their estimated useful lives. using the $tr8igh¢-line method.
Oepreci8tion is provKled on the following bases-
Long-term leasehold property
Office equipmenl
Computèr èquipment
- over 5 years
- over 4 yea
- ovèr 5 yèa
The Charity has adopled a revaluation policy in regard to its music81 instruments. The Charity will
review Ihe value of the assels regularfy to ensiire thal the carying arnount does nol differ materially
from th81 which would be delerrnined using fair value al the end of Ihe reporting period. No depreciats'on
is ¢hargad on musi¢al in$trum¢nts as the &xp8dod r¥$idual valua will bè èqual tts valuats"on.
1.9 Inv•8tm•nts
Investmenl in Ihe subsidiary is valued at cosl less FKovision for impaimRnl.
1.10 Debtor¥
Trado and other dabtors arn recognised at Ihe settlem&nl amcwjnt aft&r any trad6 discount offered.
Prepayments aro valued at Ihe amount prèpaid net of any trade discounts due.
1.11 Cash at I￿nk and In hand
Cash at bank and in hand includes cash and short-iemi highly liquid investments with a short Maturity
of three months or less from the dale ol acquisilion or opening of the deposit or similar aa￿unt.
21

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies Iconlinued)
1.12 Liabilities
Liabilities are ￿COgniSed when Ihere is an obligabon al the Balance Sheet date as a ￿SuIt ol a past
event, it is probable that a transfer ol economic benefit will be required in seltlemenl, and the amount
of the selllement can be estimated reliably. Liabilities are ￿COgnised al the amount that the Charity
anticipates it will pay to selue the debt or the amount rt has received as advanced payrnents for the
goods or services il must provide.
1.13 Flnan¢lal In$trurn•nts
Th* charity's basic financial instruments afe inits.ally r8eognis•d at transaction valuè and subsèquèntly
mèasurad at Ihalr sèttlèment valu&.
1.14 For•lgn curr•ncl•s
Monelary assets and li8bilitigs dgnorninated in loreign ￿rrenc1&S artr translated into sterling at rates
of exchange ruling at Ihe balance sheel date.
Traftsaetion$ in loffjign ¢urr&n¢ios are tran$l8t¢d into $torling al the r81& ruling on th¥ date of th$
transaction.
Exchang6 gains and loss&s are recognised in lh& Statamènt of Financial AclVIt￿.
1.15 P•nslon•
Th$ Group ¢ontribut&$ to a dgfinod contribution ponsion ￿hOM$ managod by Avwa, and thg p¥n$ion
ch8r9e represen13 the amounls payable by Ihe Group to the 3theme in respect of the year.
1.16 Crltleal Estimatè8 and ar•a8 of Slgnrfleant Judg•mént
In the application of the Charity's accountsng policies. Trus¢ees are required to make judgements,
estimates and assumplions about the carrying values of assels and liabilities that are not readily
apparent from other sources. The eslimates and undertyiThJ assumptions are based on historical
eKperien¢e and other faciors that are considered tg be relevant. Actual results may differ fro)m these
8Stim8les. The estirn8tes and underfying assumptiijns are reviewed on an ongoing basis.
In tho view of the Trusleès, no assumpb'ons c£￿e&m1n9 the lulum or trstim8ts.tsn uncèrtainty 8ffeeting
assets and liabilities at thè Balance Sheet date are likely to wsull in a material adjustm6nt to their
carrying amounts in the nexl finanaal year.
Key sources of estima1￿ uncertainty Ihat have a significant effect on the accounts are..
Depreciation
Value of donated gcM)ds aThJ seThices
Valuation of instruments
Please refer to the relevant a(xounling policy notes atKJve ts more infomi8tion.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Income from donations, grants and legacies
Current year
Unrestricted
fund5
2024
Restricted
funds
2024
Total
fund5
2024
Arts Council England (National Portfolio)
Corpor8t8 donation5
Education partner funding
Gift Aid
207.656
207.656
8,775
10,000
18,775
16,933
97.851
114,784
56,857
732.411
56,857
827.509
Individual donations
95.098
Legacies
Orehastra of thè Age ol Enlightènmènt Tru$t
Trusts & Foundations grants and donations
Total 2024
7.000
123,138
354.983
123,138
424,963
70,000
1.099,632
681.050
1.780,682
Grants and donations from Twusls & Foundations in Ihe year ended 30 Sepiember 2024 includes support from
the lollowing org8ni$ation$'.
Big Givè Foundation
Cevian Capital
Cockayne Founda11￿)
Dreamchasing
Garfield Weston Fovndalion
John Arrnil898 Ch8ritabl& Twst
John Lyon's Charity
Mark Allen Foundation
Paul Hamlyn Foundation
Peler Cundill Fovndalion
Skyrme Hart Charitable Trust
The Albert and Eugenie Frost Music Trust
The BriNord Bridge Trust
The Chadtss Peol Charitabla Trust
The De Laszlo Foundabon
The John Thaw Foundation
The Linbury Trust
The Vemon Ellis F￿ndal￿n
The Weinsiock Fund
23

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Income from donations. grants and le9acies (continued)
Prior year
Unrestrlcted
lunds
2024
Restrfcted
funds
2024
Total
funds
2024
Arts Council England (National Portfolio)
Corporatg don8tion5
Education partner funding
Gift Aid
216.822
216.822
3,000
124,768
127,788
84,395
84,395
Gift in Kind
13.103
13,103
426,452
Individual donations
348.118
78.334
Legacies
Orch8Stra of thè Age ol Enlightenmènt Trust
Trusts & Foundations grants and donations
Total 2023
29,408
29,408
42,000
251.000
42,000
315,400
64,400
762,246
496.122
1.258,368
Grants and don81ion$ from Tw$l$ & Foundation$ in th& y¢ar en¢J&d 30 Sgpl$mbor 2023 in¢lud¥$ support from
the following organisations..
Apax Foundation
D￿8M¢h8￿1n9
Foyle Foundati
Linbury Trust
Ling Ch8riiabl& Trusl
Mark Allen Foundation
Skyme Hart Charitable Trusl
The 29th May 1961 Charilable Trust
The Brian Mitchell Chari(able Tnjst
The Brilford Bridge Trusl
The Chadès Peel Charitable Trust
The De Laszlo Foundalion
The Vemon Elli5 Foundation
Worshipful Company ol Vintners
24

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Income from charitable activities
Unrestrlcted
fund5
2024
Restrfcted
funds
2024
Total
funds
2024
Concerts
1.572.412
65.793
1,638.205
Education81 activities
5.663
5,663
Total 2024
1.578,075
65,793
1,643,868
Unr•strlcted
fvnd$
2023
Re$trlct•d
fvnds
2023
Total
fundB
2023
Concerts
1,314.944
31,801
1,346,745
Educational activities
16.072
16.072
Total 2023
1.331,016
31.801
1.362,817
4. Inv•stment Incom•
Total
funds
2024
Total
funds
2023
Bank interest receivable
12,440
7,396
The 2024 arnount consists solely of unreslricted ir￿e12023'. amount o)nsisb solely of unreslricled income).
5. Other In¢om¢
Total
funds
2024
Total
funds
2023
Fundraising events
Orchestra Tax Relief
10.492
11,232
318.676
203,703
Other income
48,241
37,672
Total
377,409
252,607
The 2024 arnount consists soldy of unrestricted income12023'. am(xJnt consists %Aely of unrestricted incotnel.
25

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Expenditure on rai¥ing funds
Unrestricted
funds
2024
Re$trfct8d
funds
2024
Total
funds
2024
Total
funds
2023
General expenditure on raising
funds
30.325
2,215
32,540
29.020
Support costs - office rent and
rates
27.287
27.287
18,010
Support costs- office facilities
12.334
12.334
26.438
Support Costs- general
administrative costs
31,028
31,028
17,191
Support C03ts- profe83ional and
leg81 fees
Support costs . audit and
accountancy lees
Support Costs - bank ch8rgèS
and finance costs
1,508
1.508
2,717
8,556
8,350
3,574
3,S74
822
Support cost$- depreciation and
rev8lLJ8tion
13.651
1.769
15,420
12,635
Support costs- governance
costs
9.985
123
10.108
7,780
Support costs - Wagès, salari9$
and pènsion Contributions
Support costs - Social Security
CO81
17,374
17,374
14,722
1,605
1,605
1,321
Wages and salaries
239.509
239,509
215.014
Soclal Security costs
23.178
23,178
20,618
Pension cost8
11.363
11,363
14,693
Total
431,277
4.107
435,384
389,331
The 2024 arnounl consists ol both reslricled and unreslricted expendilure12023: amounl consists solely of
unrestricted expenditurel.
26

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Analysis of expenditure on Charitsble activiti
Summary by fund type
Unrestricted
funds
2024
Restricted
funds
2024
Total
fund5
2024
Concerts
2.357.605
272.049
2.629.654
Education818Ctiviti8s
27.336
636,758
664,096
Grant making
10.OCM)
10,000
Total 2024
2,394,943
908.807
3,303,750
Unr•strlet•d
fund5
2023
R•8trletÈd
funds
2023
Total
fund$
2023
Concerts
2,C4)1,349
184,775
2,186,124
Edu¢alion318¢tivthe$
295,404
325,096
620,500
Grant making
Total 2023
3.544
3,544
2.300,297
$09.871
2,810,168
Summary by •xp•ndltur• typ•
Staff eo#t#
2024
Oth•r e05ts
2024
Totsl fund8
2024
Concerts
472,512
2.157,142
2,629,654
Educational aclivthes
226,001
438,095
664,096
Grant making
Total 2024
10,000
10,000
698,513
2,605.237
3,303,750
staff costs
2023
other costs
2023
Total fund¥
2023
Concerts
415.344
1.733.649
2.148,993
Educational activthes
202.903
454.728
657.631
Grant making
Total 2023
3,544
618,247
2,191,921
2,810,168
21

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Analysis of expenditure by a¢ti¥i¢ies
Activrtles
und8rtak8n
dirèctly
2024
Support
Costs
2024
Total
funds
2024
Concerts
2.421.969
207.685
2.629.654
Education81 activitiès
564,762
99,334
664,096
Grant making
Total 2024
10,0
10,000
2.996,731
307.019
3,303,750
Aetlvhl••
und•rtak•n
dlr•ctly
2023
Support
costs
2023
Total
funds
2023
Concerts
1,966,502
182,492
2,146,994
Edu¢ation81 a¢tivth&$
568,480
89,150
657,630
3,544
Grant making
Total 2023
2.538,526
271.642
2,810,168
Analysls of support eosts
Totsl
funds
2024
Conc•rts
2024
Educatlon
2024
W8ges and salarie
Office rent and ratès
30,605
44,001
19,889
50,033
2,432
14,638
45,243
21,045
9,513
23,930
1.163
65,046
29,402
73,963
3,595
Office facilities
General administrative costs
Professional and legal fees
Audit and Accountancy f8es
Bank charges and finance costs
Oepreciation and revaluation
Governance costs
13,797
6,599
20,396
5,763
24.866
2,757
11,893
8,520
36,759
16.299
7.796
24.095
Total 2024
207.685
99.334
307.019
28

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Analysis of expenditure by a¢tivities (continued)
Analysis of support costs Icontsnu•dl
Total
fund5
2023
Concorts
Education
2023
2023
Wages and salaries
Office r8nt and rates
26.619
13.004
39.623
29,883
14,598
44,481
Office laciliti8s
43,866
21,429
65,295
General administrative costs
28.524
13,935
2.202
42,459
6,710
20,623
Professional and legal fees
Audit and Accountancy lees
Bank eharg¥$ and fin8n¢& ¢¢￿t$
Daprèciation 8n¢J révaluation
Governanc6 eosts
13.855
6.768
2,030
31,207
20,965
10,242
12.908
6,306
19,214
Total 2023
182,492
89.150
271,842
Support costs 8lloealed to costs of raising lunt1s totalled £109,81 $12023.. £109,986). Total support eosts for tha
year were £371,S9112023'. £381.6281.
Support costs included wlhin charitable acbvi¢y costs in 2024 lolalled £261.776 12023.. £271.6421 of which
£177.08012023'. £182,4921 was allocated to concerts and £84.69612023.' £89.1501 lo edu¢ats'onal acts'wlies.
Support costs h8ve begn alltscat￿ al p9reentage rates of 29% (Fundraising ¢ostsl, 48% (Concerts) and 23%
IEducation81 aetivitièsl, which is eon&stènt wilh thè of Ihè rèsourcès 12023.. 29%. 48%, 8nd 23Oh
respectivelyl.
Total depreciation for the year ended 30 September 2024 was £55.79212023.' £46,651).
g. Audltors. romun•ratSon
2024
2023
Fees payablè to the Ch8rity's auditor ft)r thè 8udit of th$ Charity's annu81
accounts
24,000
37,570
Fees payable to the Charity's auditor in respect of.. All non-audil services not
included above
4,000
7.220

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. Staff costs
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
Freèlance individuals
,087
83.862
712,535
76,124
790,087
83,862
712,535
76,124
41.111
50,501
41.111
50,501
76,482
73,468
76,482
73,468
Total staff costs
991,S42
912,628
991,542
912,628
Tot815t8ff costs of £991,54212023.. £868,572) have tr￿n allorAl8d to ¢osts of rdising vduntary incomo
Z293,02912023.. £250,32518nd lo ¢haiit8blè *tivitièS t698,51312023.. £618,247).
The average number ol persons employed by the Charity duriThJ the year was as lollows..
Group
2024
No.
Group
2023
No.
Fundraising
Management and administrattve staff
Total
14
15
18
19
Thè numbèr ol •m￿oYs&S whosè èmployeè b8nèfits18xcluding 8mployèr pansion eostsl èxe8￿8d
£60,000 was..
Group
2024
No.
Group
2023
No.
In the band £60,001- £70,th)0
In the band £70,001- £80,￿0
In the band £80,001- £90.CiIO
In the band £90,001 - £100.000
In the band £100,001 - £110,0
Freelan￿ individuals are engaged by the charity from time lo time to provide assisiance wth projects. They are
sellemployed and a￿ not included in average slaff numbers.
11. Directors and Key Management Personnel remuneration
Key managetnent personnel for the Group and for the Charity are the sarne and have been determin8d to be the
Senior Management Team. See page 3 for a list ol members ofthe Senior Management Team.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
11. Directors and Key Management Personnel remunerntion {continuedl
Group
2024
Group
2023
Remuneration
500.770
534,677
No other ￿Muneration. apart from as disclosed in nole 22. was received by a director or ￿nnected party during
the ye8r12023.' £nill. No expenses12023: £nill were ￿1mbu[sed lo any directors during the year.
The Articles ol Association ol the Ofchestra ￿mIll the Dirèdots to ￿ctIvÈ femunerats.on for certain serviees,
which overrides the ￿StriCtIon in th• Chanlies Acl 2011. All such services are paid at rates in line wth or below
those which would be paid to an indep8ndenl supplier for lfv)se ServicA￿.
12. Tanglble flxed ass•ts
Group tsnglble Ilxed as$et•
Long4èm
l•as•hold
Offie• Comput•r
prop•Trty •qulpm•nt •qulpm•nt Instrum•nt8
As8•t8
und•r
constructlon
Total
Cost or valuatlon
At 1 October 2023
123,083
108,768
32.307
48.850
30,281
343,289
Additions
2,615
22.034
12,199
37,332
Transfer from assets
under construction
42,480
142,4801
Revaluation adjustment
12,1CK)I
12,1001
At 30 September 2024
168,178
130,802
32,791
46,750
378,521
O•preclatlon
At 1 October 2023
73,281
54.542
23.252
151,075
Charge for the year
27,282
24,922
3,588
55,792
At 30 S•pt•mb•r 2024
100,563
79,464
206,867
N•t book valu•
At 30 September 2024
67,61S
51.338
5,951
46,750
171,654
At 30 September 2023
49,802
54,226
9.055
48,850
30,281
192,214
31

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
12. Tangible fixed assets l¢ontinuedl
Charity tangible fixed assets
Long4erm
l•as•hold
Offieè Computtr
pro￿rtY •qulpm•nt 8qulpm•nt Instrum•nt8
Assets
und•r
Constructlon
Total
Cost or valuatlon
At 1 October 2023
123.083
108.768
32.307
48.850
30,281
343,289
Additions
2.615
22.034
12,199
37,332
Transfer from assets
under construction
42.480
142.4801
Revalual'on adjuslmenl
12.1CK)I
12,1001
At 30 Sgplgmbgr 2024
168.178
130.802
32.791
46.750
378.521
O•pr•clatlon
At 1 October 2023
73,281
54,542
23,252
151,075
Charg$ lor th¢ ￿Or
27.282
24.922
55,792
At 30 S•pt•mber 2024
100,563
79,464
206,867
N•t book valu•
At 30 S•ptombor 2024
67.615
51,338
S,951
46,750
171,654
At 30 September 2023
49,802
54,226
9,055
48,850
30,281
192,214
Group and Chartty
The office equipment and computerequipmenl is used in the administration of the charitable companys actimties.
Addition5 to and transfers from assets under co￿truC110n con5iSted of the Ix)nstnJ¢tion of 8 new storage facility.
In respect of assets stated at valuation, the keyboards were valued at a current market value of £38,00012023."
£40,000), and the piccolo was valued at a current market value of £1.25012023.' £1,350). The Trustees are not
aware of any other material changes since the last valuation.
32

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
13. Fixed assgt inve$tments
Cost or valuatlon
Nèt book valu•
Investments Sn subsldlary companSes
At 30 September 2024
100
100
At 30 September 2023
100
100
The Charity owns 100 /0 of the ordinary share capital of OAE Productions Ltd (Company number.. 09789990 and
registered office.. Adand Burghley School. 93 Burghley Fioad. London. NWS 1UHI.
The financial results for the year ended 30 September 2024 ￿re..
L055 after
tsx rellof
Aggr8gat8 capltal
and rèserve$
Tumovèr
Expondltur•
OAE Productions Ltd
850
2.355
1,505
28,574
The financial results for the year ended 30 September 2023 ￿re..
Profft after
tax r•ll•f
Aggr8g8t8 eapltal
and r•8•rv•s
Turnovèr
Ex￿ndItur•
OAE Productions Ltd
21,183
14,276
6,9)7
30,079
14. D•btor8
Group
2024
Group
2023
Chartty
2024
Charlty
2023
Due wlthln on? year
Trade deblors
305,517
319,433
305,517
319.433
Amounts owed by group undertakings
Other debtors
151,658
151.182
1,579
316.768
129,753
258.846
1,579
316.768
129,753
258.846
Prepayments and accrued income
Tax recoverable
522.379
295.667
522.379
203.703
Totsl
1.146,243
1.003,699
1,297,901
1,062,917
33

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
15. Cr¢ditors= amounts falling due within one year
Group
2024
Group
2023
Charity
2024
Charity
2023
Trade creditors
175.724
103,597
111.385
173,478
111.182
103,597
111.385
Other taxation and social security
Amounts owed to group und8rtakingS
Amounts owed to associate
111.182
48,000
48,000
69,713
44,076
69,713
44,076
Other creditors
12.979
11,435
246.185
12,979
252.826
11,435
242.260
Accruals and deferred incom8
254.326
Total
623.924
516.678
668.178
560.753
D•f•rred Incom•
Deferred income relates to cOn￿rt ticket Ir￿Me which h85 been received in advance. and to grants spanning
the year end for which the corresponding aclivity has nol yet occurred. Deferred inwme brought forward was
£150k of which £146k was released and additional deferred incryne recognised of £106k in 2023124.
16. Flnanclal In8trum•nt•
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Flnanclal ¥sJg1s
Financial assets measurnd at fair Val￿ through
income and expenditu
Fin8nei818SSats maasurtd at amrtise(I cost
484.924
641,166
636,582
792.348
Total finan¢ial a¥¥ets
484.924
641.16fj
636.582
792,348
Flnan¢5al Ilabill¢ies
Financial liabilrties meaSU￿d at fair value through
income and expenditu
Financial liabil￿e5 measured at amortised cost
1378.9221
1255,0591
1423,1761
1299,1341
Total financial liabilities
(378.922)
{255.0591
1423.1761
1299.1341

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
16. Financial in5trum8nts Icontinued}
Finan¢i81 assets measured at amortised cost comprisg of trade debtors, arnounts owed by group undertakings,
accrued inctsrne and other debtors.
Financial liabilities measured al amortised cost o)mprised ol trade C￿llOrS. amounts owed io group
undertakings. amounts owed to asswates. accruals and other creditors.
17. P8n51on commltments
Th8 group contribut8s io a d8fin8d contribulion pension The assets of th8 sch8me ar8 held s&parat&ly
from those tsf the group in an independently administered fund. The pen*on cost charge represents contributions
payable by the group to the fund and amounted lo £40.63112023". £50.5011. No outstanding conlributions12023'.
nil) were payable to the fund at Ihe balance she81 date.
18. Opgrallng 190ty9 commltmgnts
AI 30 September 2024 the Group and the Charity had ￿mmItMents to make future minimurn le859 payments
undèr non-c8neèllablg 0￿ratIng lèases as I￿loWS..
Land and bulldlngs
2024
Oth•r assets
2024
Total
2024
Group ond Ch¥rlty
Not later than one year
Later than one year and not later than five years
Total
62,315
46.736
3,789
2.289
66,104
49,025
109.051
6,078
115.129
Land and bulldlngs
2023
Other assets
2023
Total
2023
Group and Charlty
Not later than one year
Later than one year and not later than five years
Total
55,0
110,0(YJ
4.052
59,052
116,720
6,720
165,000
10,772
175,772
Lease paym8nt5 reeognised as an expense in th8 year tolall8d £68.43812023.. £49,967).
35

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
19. Statement of fund$
Currgnt year
Balan¢• at
1 October
2023
Balanc• at 30
September
2024
Transfers
In I lout) Losses
Income Expendlture
Unre5trlctad
D•slgnat•d funds
Revaluation reserve
21.317
12.1(KJl
19.217
Reserve fund
660.000
660.000
C8PIt81 project fund
Education fund
48,665
125,1141
17.4631
23.551
19,OLN)
11,537
Total d•slgnat•d
r•8orves
748.982
132,S771
12,1001
714,305
Ggnor•l funds
Gengral fvnd$
219,899 3.￿7,556
12.793,8431 129,2961
464,516
Total unr•strfcted funds
968.881 3,067,556
12,826.2201 {29.2961 12,1001
1,178,821
R•strlct•d funds
Concert activities
241.918
(271,2141
1635,2991
16,4011
1912,9141
29,296
Education projects
Capital fund
Total r•strlct•d funds
130,374
504,925
75,OCK)
68,599
205,374
746,843
29,296
68,599
Total funds
1,174,255 3,814,399
13,739,134)
12,1001
1,247,420

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
19. Statement of funds (continued)
Prior year
Balancè at
1 October
2022
Balane• at 30
September
2023
Transfers
Galns I
In I loutl 1108sesl
Income
Expendlture
Unrestrlcted
Dèslgnatèd funds
Revaluation reseNe
29.317
18,0001
21.317
Reserve fund
660.000
660.000
C8Pltal project fund
Education fund
72.997
{24,3321
48.665
19.O¢X)
19,000
Totsl d•slgnat•d res•rve8
781,314
{24,3321
18,0001
748,982
Ggneral funds
G8n6r81 lund$
569,738 2,353,265
12,665,2￿) 137,8081
219,899
Totsl unrestrlcted fvnds
1,351,052 2,353,265
12,689,628) 137,8081 18.0001
968,881
R•8trlct•d funds
Concert aclivilies
59,OC
89.634
49.956
1147.6441
1362,2271
37.808
880
Educats'on projects
C8PIt81 lund
Total rostrlet•d funds
402.967
130,374
75,IK)O
75.000
148,e34
S27,923
1509,8711
37,808
880
205,374
Total funds
1.499.686 2.881.188
13.199.499}
17.1201
1.174.255
De$lgnated Fund¥= These (x)mpri5e 8mountswhith the tharity h85 Set 8side forthe following sp8cific purposes..
Revaluation reserve." The revaluation ￿SeNe was created by the revaluats.on of instruments in 2002 at open
market value by various members of the orchestra. d1￿CtOrS and employees familiar with market values of the
instruments in questson. This reserye is increased I decreased when the instruments a￿ revalued.
Reserve lund.. Funds held to (x)v8r th8 ar￿￿￿t identtfied in charity's r858rv85 Oicy 5tat8ment.
C8Pit81 project fund.. Fund5 held relating to the office leasehold improvements. Thi5 fund will reduce by th8 valu8
of annual depreciation charge for leasehold improvements over Ihe next four years.
Education fund.. Funds set aside for future education projects indudiThJ the ABS educational projects and the
cornmeraal educational pilot.
31

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
19. Statement of funds (continued)
Restrict￿ Fund$: Thgse comprise donations r￿81¥811 ft)r Ihe SPeCAfic projects that the charitable company
adrninisters. These are as follows..
Concert activities.. To support specific fve or recorded perforn)an￿.
Education projects.. To SUPF¥)rt the chanty's education and outreach th.
Capital fijnds.. To sUPPOrt SP8cific capital improvements at ABS to promote improved player wellb8ing and to
enhance performances, such as the purchase ol swaalised rehearsal equipment and the storage thereof.
The balance of unrestricled ￿ndS in the Charity's balance sheet is E1,150,34712023'. £938.9011.
20. Fund transfers
Expenditure during the year on concert aclivilies and educalion projects which were parly fun(Jed by re8lricied
inc0rn8 8XCe8d8d that incom8 by £29,296 and £nil12023'. expendilure on wncert 8ctivits.es 8nd 8duc81iori projec18
exceeded restricted income by £37,808 and £nil respectively). Transfers lotallin9 £29,29612023." £37,8081 have
therefore been made from unrestn'cted funds lo ￿striCted funds in order to m6et this shortfall.
21. Analy•ls of n•t ass•t$ htwe•n fund•
Unf•8trlct•d fund•
2024
R•strlet•d funds
2024
Total funds
2024
Tangible fixed assets
Current a53et8
103.200
68,454
165,277
171,854
1.699,690
1,514,413
Creditors.. amounts lalling dve within one year
Total 2024
1438,7921
1185,1321
1623,9241
1,178,821
68,599
1,247,420
Unr•strlct•d fund•
2023
R•strfet•d funds
2023
Total funds
2023
Tangible fixed assets
Cvrrent 855ets
117.359
74.855
192,214
1,272.876
225,843
1.498,719
Creditors.. amounts falling due within one year
Total 2023
1421,3541
968,881
195,3241
205,374
1516,6781
1,174,255

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
22. Transa¢tions ￿th related parties
During the year music4an fees and salaries for management services We￿ paid to the followng Trustees and
other r81ated p8rti85'.
Management
ser¥Sces
2024
Management
servlces
2023
Muslclans
fees 2024
MuslcSans
fees 2023
A Be118rny
A Bending
C Bruggemeyer
C Forbes
24,095
32,453
38,720
1,804
2.279
28.184
35.843
2,228
16.155
S Devine
19,731
1.899
D Edgar
A Roberts
28,654
23,191
14.837
15,808
18.823
1,337
2,228
1,268
1,466
K Spencer
K SP￿ckelsen
C Sticher
9.735
33,333
6,536
2,Th)5
1.279
C Woodhead
I20,￿)0
126,028
Total
200.902
145,196
129.402
134,219
Al the balance sheet date. trade crediiors indude Ihe lollowng amounts due io Trustees and other related parties..
2024
2023
A Ballamy
A Banding
C Bruggemeyer
S Devine
220
3,144
2,667
550
150
D Edgar
C Forbes
648
660
M Mandel
150
A Roberts
1,337
2,435
K Spencer
C Sticher
323
1,855
150
Total
12,966
1,330
The amounts due to Trustees and other related parties are in relth.on to musicians. fees, instrumenttransport and
tuning lees, and lees and expenses incurred as members ol the Playernthstic Committee.
39

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
22. TranSa￿lOn$ with related parties l¢ontinued)
During the year the charity received donabons of £123.13812023'. £42.0001 from Ihe Orchestra of the Age of
Enlightenment Trust, 8 charity of which I Charfton-Edwards and A Frosl are Trustees.
During the year donations received from Truslees and other ￿lated parties totslled £177,14912023'. £133,304).
During the year. consideration received Irom Tnjsiees in respecl ol tickets for concerts and other fijndraising
events was £8.70912023.' £3.9511.
At the year end, an 8mount of £151,65812023.' £151,182) was due from OAE Producbons Limited.
Al the balance sheet date, èn èmount ol t48,OLK)12023." £48.LK)01 was du• to OAE Productions Limited In respect
of the acquisits'on ol tan9ible fixe(l assets.
These amounts are unsecured. interest free and repaya￿8 on demand.
23. Rg¢on¢lllatlon of ngt movem•nt In lund$ to ng1 ¢•$h Ilow from operntlng actl¥ltlgty
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Net movement In funds las For Statemanl of
Financial Acliviliesl
73,165
1325,4311
74.671
1330,6881
Depreciats'on ¢h8rges
55,792
46,652
55.792
46,652
Losses on revaluation of fixed assets
2.100
8,CKJO
2,100
8,000
Dividénds, int$r$st and r¢nt$ Irom
investments
112.4401
17.3961
112,4401
17,3961
Increase in arnounts due from group
undertakings
14761
Increase in debtors
{142.5441
(394.0751
1234.5081
1417.9851
Increase I Idecreasel in creditors
107,246
142,6531
107,425
4,592
N•t cash provld•d by I (US￿ Inl
operatlng actlyltles
83,319
1714,9031
17,4361
1696,8251
40

ORCHESTRA OF THE AGE OF ENLIGHTENMENT
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2024
24. Analysis of cash and ￿$h equivalents
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Cash at bank and in hand
553,447
495.020
417.649
449,797
Total cash and cash 8qulval•nts
553.447
495.020
417.649
449.797
25. Analysls of changès Sn not debt
At 1 Octo￿r 2023
Cash flow•
At 30 S•ptemb•r 2024
Cash at bank and in hand
495.020
58,427
553,447
Totsl
495,020
58,427
553,447
41

Orchestra of the
Age of Enlightenment
Audit Trail
Document Detalls
Title
OAE 23-24 AcccNJnls- fcK signing
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OAE 2023-24 accounts - FINAL.￿tt
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Fingerprint
838761a10181cbd3b6319d6b55e2092a
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Docum8nl Hlstory
Document Croatod
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28 Jul 2025
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