2025-09-30-accounts

Registered nUm￿r. 2040312 Charrty nuJnber. 295329 ORCHESTRA OF THE AGE OF ENLIGHTENMENT TRUSTEES'ANNUAL REPORT AND CONSOLIDATED FINANCNL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guarantee) CONTENTS Page Reference and At1ministralive Oetsils of the Charity, ts TTUStees. and Advisers Trustees, Annual Report Independent Auditor's Report on the Financial Statements Consolidated Statement of Financial Acti¥￿eS Consolidated Balance Sheet 16 Charity Balance Sheet 17 Consolidated Statement of Cash Flows 18 Notes to the Financial stat￿}ents

ORCHESTRA OF THE AGE OF ENUGHTENMENT IA Company Limited by Guarantse) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES, AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Trustees Imogen Charllon-Ethards, Chairman Cecelia Bruggemeyer, Vlce-chaimian Crispin Woodhead. Chiel Executive Daniel Alexander KC Aexandra Bellamy Dr Daniel Edgar Denys Firth (resigned 8 Octobèr 2025) Adrian Frost David Marks Ire51gned 8" October 2025) Alison MGFadyen Katherine Speneer Christine Sticher Dr Susan Tranter Emma-jane Azkoul {appDinted 2 Febmary 20251 Eleanor Wlliarnson lappoinled 2 February 2025) Roger Mountford (appointed 8 October 2025) Lord Chris Smith {appointed 12 June 2026) Company registered number 2040312 Charlty reglstered number 295329 Registered office AclarKI Burghley Sch¢x)I 93 Burghley Road Lorthn NW51UH Company secretary Edward Shaw Independent auditor5 Crowe UK LLP Chartered Accountants & Ststutory Auditors 55 Ludgate Hill London EC4M 7JW Bankers L]oyds Bank 39 Piccadilty London VOAA CAF Bank 25 lQngs Hill Avenue lQ"ngs Hill Èst Malling Kent ME19 4JQ SolicMo Hamlins LLP 1 ￿.ngswaY London 28 6AN

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guarantee) TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 202S The Trustees present their annual report. which indudes the Directors, ￿pOrt, together ￿th the audited financial statements of the group and the Oichestra f￿ the year from 1 October 2024 10 30 September 2025. The Trustees confirm that the Annual Report and financaal statements of the Orchestra comply wth Ihe C￿￿ent statutory requir@m8nts, the requiremen15 of the OrcI￿Stra.s govemiThJ dctumenl and the provisions of the Slalement of Recommended Practice {SORPI. applicatAe tr) charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Repijblic of Ireland (Charities SORP- FRS 102} (Second Edib"on - October 20191. Since the Orchestra and the group qualffies as small under $￿tion 383. strategi¢ repc*t required of medium an large companies under The Companies Acl 20C￿ IStrate9ic Rewrt and tirectoff s Report) Regulation5 2013 is r required. Structure, governance and management The Group consists ofThe Orchestra of thèAgeof Enlight￿mentr0AE". Ihe parentorchestral, and OAE Productions Ltd Ilhe subsidiary). The OAE is a registered Charity and e¢mpany limited by guarantee. established in 1986 and govemed by its Articles ofAssrriation. The OAE has share Gapital and in the event of rt being wwryj up the liability of Members gnd those who ceased to be Members wthin one year is limite(J to £1. As a 'sa￿-gOVerning. orchestra the rnaiority of Members are Player Members, being those mus(aans who. in the opinion of the Board, 'makè a significant and continuir#J contn"bubon as muycians to any orchèstral or musical enSeM￿e for the lime being mainlained by the Orchestra.. Tho Board of Directors eomprises JI members of the PLaY￿S'ArtIs￿c c￿Mittee. the Chief Exeeutive, and behveen five and ten Non-Player Directors dected by the Mernbers. The Players. Artist￿ Committ88 {'PACI comprises fve Player Members. drawn from at least two sectsons of th Orchestra, elected by the Player Members_ Its role is lo establish the artistic policy and plans of the Or¢heslra, supervise the choice of programmes, personnd. conductors. so￿sts and other perfomers, and generally have responsibility for the musical direth.on and developynent of the Orchestra and Ihe maintenance of arbstic standards. FAC members a￿ elected for a period of three years and are eligible for rtrelection up to a maximum temi of six yea15. After rets'rementfrom the PAC at leastthree years must elapse before a Player Member is eligible for r&election to it. Non-Player Directors are recruited by a Nominations Committee {r￿n￿ls1n9 the Chair. a non-Player Director ar￿ 8 member of the PACI before being proposed for electi￿ by the Members. The Nominations Committee aim5 to ensure the Board maintains gn 8pprow.ale arKI ￿lde range of sklls and experience lo complement those ofthe PAC, includirig indi￿dualS wrf(h backgrounds in leajership. governar￿. finance. philanlhropy. arts. education, commun￿tionS. law and HR. Non-Player Directors are elected for a period of three years and are eligible for r&election up to a maximum term ol nine years, except In the case gf the Chairman Iwho is elKJible for re-election up to a maxinum temi of fifteen years) and the Chief Execthive. New Board members receive a detailed ind￿li0n pad( meet wth the Chief E￿￿t￿le. other Board Members and memb8rs of the Senior Management Team as required. aThJ ongoing support and train1r￿ is made availab￿ in the areas in which they have specific responsibtbty. The Board will make deosions relatr'ng lo the wsion. mis90n and values for the OAE, carrying on the charitable purpose of the OAE in accordance wlh the obieGt5 of the OAE as set out in IhÈArticles of Association and designing strategy ar￿ structure frjr the operation of the OAE. The day lo day man￿eMent arKI deosion wnaking of the Orchestra is delegated to Ihe Chief Executive, who is supported by a Senior Management Team I"SMTI of six (Projects Director." Director of Finance and Covemanee,. Chief Operating Officer., Education Director. Director of Markets"￿: Development Director) and eleven other members of staff leighl full-time and three part-bmel, and a number of freelance indNiduals for project assistsnce from time lo time.

ORCHESTRA OF THE AGE OF ENUGHTENMENT IA Company Limited by Guarantee) TRUSTEES'ANNUAL REPORT (Co￿nNUED) FOR THE YEAR ENDED 30 SEFfEMBER 2025 Structure. governance and management (continued) The CEO Is responsible for establishing and reviewng all employee salaries wlh the exception of the SMT which is reviewed by the CEO with the support of the Remuneration Committee. The CEO wll obtain guidance as required from relevant SMT meM￿r$ antl the Finar￿e Committee. Al salary ame￿lMentS are approved by the Rernunerab"on Committee. The Remuneration Committee 15 responsible forsetting the CEO and SMT remuneration in the light of their ￿rfornan and prevailing market COnd￿.0ns. The RernunÈrab"on Committee will work with the Finan￿ Committee lo ensure that all coM￿nSation changes are wrthin approved budget limTEs. or that su¢h limits are dvly amended. The OAE has one wholty owned subsidiary. OAE Productions Lld. ￿1¢h has ils ¢)wn Board of Directors comprised of representatives of the OAE'S Board. PAC and senior management team along with an itKlepèndenl Director. OAE ProdU￿lonS Ltd was the pr¢xluGbon (x)mpany for the majority of the OAES concerts until 18 March 2022 when thi5 activity was transferr@d to the OAE and manages aspects of its commerc￿1 adivity including corporal& sponsorship. The OAE plans lo make the subsidiary domiant. Detsi15 of the relaliortships befvleen the OAE and related parb.es are I￿uded in the notes to the financial slalernents. The OAE has achieved the key outcomes and is ath)ptiThJ recommended practi￿ for the Charity Governan￿ Code principles relating to organisational purpose. leadership. integrity, deasion making and board effectiveness. The OAE is working towards full Complian￿ with the recommended practice for the principles relating lo equality, diversity and indusion and openness and accountability. To achteve the recommended prackn'ce, the OAE wll in the current finanual year. 1. Continue to refine the key stakeholder communication strategy., and 2. Continue to work on the devdopment of an equalrty. th"versity and I[￿U$l0n policy. Objectives and activities Ourmission The object for which the Ortheslra is established is to athance edL￿ation through the promotion, support, encouragement of the art of music (Including opera, music, drama. danciTrJ. singing and all fom)s (￿nsISt1￿￿ in whole or in part of music) and in particular the promotion. encouragement and apprerAation of music as played on period instruments. The OAE is one of the wortd's leading orchestras. tyving performances characterised by energy, insight and vitality on period appropriate instrumènts. We embody the values of the Enlightenment. challengng existing ideas. championing innovation and approaching our music-making. which ranges frown Morrteverdi lo Mahler, with a constant spirit of enquiry_ Vvhilsl run and artisti¢alty led by our players. we work the world's leading artists. parbcularly our PrinupalArtisls. as well as nurturing the next generalion of musicians. We strive to reach the widest audience possible through performance 8nd our renowned education programme. Our strategic priorities For the year ended 30 September 2025 our strategic aims were as foll0v￿.. Maintain the highest siandards of arb'stic attainment.. Provide a compelling naThative of artistic activity- Ensure more diverse participalion.. 4. Broaden and enrich audien￿ participation.. 5. Ensure that our education programme remained relevant and insF4ratK)nal." and 6. Be financially resilient. Please see the Achievements and IM￿ section on pages 5 to 6 for discusston of cAJr perfomiancè against these strategic priorilies.

ORCHESTRA OF THE AGE OF ENLIGTrrrENMENT IA Company Urnlted by Guarantee TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Objectives and activities Icontinuedl Our actiyitses To 5UPPOrt our mission. deliver our slralegic priorities aThY further our purposes for Ihe public benefit,. the principal activities we undertake are a wodthde programme of concerts, recordings and broadcasts, and a comprehensive programme of MUS￿ educalon outreath activitses aimed at Involving. empowellng and inspiriry partiopants. At thè core of OLJr artistic activity is our pioneering residency at Adarmf Burghley Sch¢Jol. Alongside that key community partnership, we maintwn an annual series of correrts at Londtsn's Southbank Centre and Kings Place. lth aim lo nurture relationships with aud￿r￿ in other locations through partnership5 and residencies with venue5. promoters and festivals in the UK and overseas. In addrtion, we seek to rrgke our work relevant to different audiences through innovatwe methods of concert presentabon arKI perf0m￿rtes in venues not tsadrti1￿1ty a550¢iated wrth classical music. In our education and outreach work we also aim tof(Kus on r￿10￿SWhereIhe orthestra perfomis. nurturing relationships wlh local partners and tmjilding an OAE communty in those areas. Our educati￿ activitiès are streamlined into six distirKt strands". TOTS (for those aged 5 and under and tt￿1r parents and carers). schools, s￿La1 needs, nurturing tslent, opera, ftsgship projects which irrtegrale the other five strands. Public Benefrt In the preparation of this Report. the tAJstees have been aware of their re5ponsikn"Irties lo demonstrate that the activities of the OAE offer a real and practi￿1 public benefit as required under Sèeticfi 4111 of the Charities Act 2011. The OAE B08rd of Tmstees confimis thaL in exercising its rx)wers and duties. it has complied with its duly to have r￿ard lo the guidance issued by the Charity Commission M the provi5￿ of put￿￿ benefit by charities. The OAE'S objectives and strategic priorities are sel rmjt above. ￿ have reported against each of these strategic priorities in relation to activty lor the financial year 2024r2025. The Trustees have had regard lo the Commission's guidance on publi¢ benefit when reviewing £ctivitss against otfj-eetsves set and in planning fulure acbvitie5, including our lundrzising and charitable trading activib.es a5 detailed below. Fundraising and charitable trading play a cwc(al role in helping us reach Ihe wiaest aurfience, enabling us to sel lickel prices and offer discounts that reduce finanaal barriers to attendan￿. BrwJGasts, rewidings and online streamirvJ of selected concerts, whether free of charge or al l(rV prices. increase the number of wple a￿e to experience our music beyond the performance venue. The setting of Gharges for educational and partiapakny programmes is fundamentally aimed al ensuring they are accessible to the w¢Jesl w>ssible cimnmunity. and these are, in most C2sès, provided free to berEficiaries. This Annu81 Report shows that the guidan￿ has been met. Achlevements and Impact Artistic attainment and narrative Vve rnainlained our a￿"StIC seas(￿S at Southbank Centre the fdlowrrKJ programme: Bruckner." 5th Symphony (Adam Fischer). B￿h.. The Comwe BrarKlenbuig COn￿rt0S. Baroquebuslers.. UK & US tour (Julia Bullock), Fanny hlendelssohn.. Das JahrlNew commissions from Roxanna Panufnik. Electra Perivolaris, Freya-waley Cohen. Errollyn Wallen.. pianoforte-olga Paschenko,. conductor-Natslia Ponomarchukl, Beethoven.. Violin Concerto & 3rd Symph)ny {ma￿m Emelyanychev.. FraTrJ}. Bach: St Matthew Pason (Jonathan Cohen), OAE Education.. Family Show l The mag￿ Flute, Schumann". Gorttrto IsirAndras SGhiffj, Elgar. Enigma Variations (Dinis Sousa). At KIr￿S Place, the 8ach. the and EverythAng seties conts"nue(I for another season alongsTrde the N@hl Shift programme in London pubs. The OAE continued its reydew al Glynd*)ume Festival for tt¥o operas (Handel.. Saul, Mozart". Le Nozze di Foarol.

ORCHESTRA OF THEAGE OF ENUGFrrENMENT IA Company Llmited by Guarantee) TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achlevements and impact (continuèd} Intemational touring induded.. United States. DenmarK Gemwny. Belgium, The Nelhertands, Hungary, Romania. Switzertand and Austria. Domestic touring featured performances atr Edinburgh, Basngsloke, Saffron Hall. Manchester, Malvem, PortsmoLrth, Oxford. Im￿shire MUSK cer￿e. York. Plymouth. Durt￿M and Norfolk. The residency at Adand Burghley saw the mainten2rKe of its offèr auoss multiple strands including wotkshops, mainstage Colla￿ratIOn, mentoring, and whde schwl musicianship. Key comwnents of this work were the Dream¢hasing Young Producers programme. whieh rnentors students In cteative industry skills, our innov"ve Musical Conne¢lions programmè for students. staff and OAE musicians. our flagship communty opera al Soulhbank Centre and regular worksh(¥s and encounter sessions lo enrich school life. The groundbreaking partnership with Acland Burghley School is now an Arts Council case study for innovats.on ￿ is ciled as an example of transformational praclTrce in the Fabian Society Policy Document. Arts forAII. In Maich 2026 rt was the basis of a recommendaty'on in theAtts Council I Hodge Review. The season saw 8 major nagship a¢kievement in. 8￿akIng Bach, a cdlaboraliDn between ctrk)reographer Kim Br8r￿struP. students from Acland Burghley Sth)ol and a team of professional dancers This made its inlernational debut at the Edinburgh Intem8tional Festr"val and the Georges Enescu Festiva] {BLJcharest}, performing to sold-QUt audienGes and receiving universal (rrilical acclaim. A drKumentary hr Marquee TV explored both the project itself and its m8s98ge 8boul the transfomiational potential of the OAE school reside￿, hHJhlighling the value of access lo hig￿qUality artistic experiences for young people. The work was n¢)minated in the 2D26 RPSAwards and was ranked among the three most significant choreographic events of 2025 by The Guardian and The ObseThw. The Orchestra's ovèrarching commitment to public through edUCat￿n was sustained throughout the year in its national education programme. ￿lch whilst taking the Acland Burghley resrdenGy as a headquarters, served ommunilies with historically limited access lo high-qualty cutturdl provison in key London boroughs (Brent, Ealing, Camden, Greerhwich, Haryow, Kensington & Chelsea. Lambeth, Newham. Merton and VVandsworth}, County Durham, East Riding of Yorf(shi￿, Wrtshire, Brighton and Guildford, 85 well as cambr￿geShJ[e. Suffolk and Norfolk. This large- scale programme engaged 24.531 partiapants. ind￿1r￿ 15,813 aud￿nce members attending 56 con￿rts, alongside 384 workshops. The programme engaged primary arKI secondary schcN)I pupils. as Yrfell a5 parents and Dlh8r adult participants. across these 1tt81it"es. Teacher training is a strorHJ, routine component ol engagement wth our school partners. In all areas ol activity. the programme is routine and sustained so that we enjoy year-on-year gTOWth in terms of depth and irnpacl. Our educational commitment is fwnded ￿ I0￿{er￿ relationships communities in which we are regarded as a local presence. Talent development is a core component of our work. The Ann and Peter Law Experience Scheme, with support from the Henocq Law Trust, is a key annu81 programme where each year OAE Hayer Members offer expert supervision and training to young professionals in Hislorically Informed Performance Practice. This programme errtails an intensive ac2demy course combined ￿ditIOnal perf¢Jfmances and mentoring wotkshops. Alongside this scheme, the OAE oflers ils Rising Stars programme_ Each seasM, this programme promotes a cohort oflalented young singers as soloists in h￿h-prOfiIe opportuntti.es throughout the arkn.sbc season. Many pa￿L￿panIS of the Experben¢e scheme conts.nue lo successftjl careers- a number of them now fomially appoinled player members of the OAE{è.g. Principal Double Bass and Player Trustee. chrisl.ne Sticherl and many of our former Flsing Stsrs are now established intemalional 5010ists in concert and opera {e.g. Ni¢hdas PritGhard. Helen Chartston. LaU￿n( Kilsby. Bethany Horak-Hall@ti}. Financlal revtew Income The group's principal source5 of fvnding are income from donatior￿ ￿aOeS and income from rharilable activtties. principalty tickèt sales and engagemenl fees for ¢G￿rtS gNen. Donation and grant income iaised in the year lotalled £1,490k12024". £1,781k), o decrease from the prior year, including £211 k trom Arts Council England grnnts {2024.' £208k}_ Donat'on and grant income was raised from Individuals (from Frier￿S an¢J Patron memberships, in addttion lo unrestriGled donat"Dns, Gift Aid claims, and project support) £573k {2024." £884kl, Arts Council England National Portfolio funding - £211 k12024.' £208kl, Gorwrale donab"ons- £7k12024." £19kl, legacies- £1 k 12024." £7kl, edLTrC8tion partnerships - £91 k 12024.. £115kl. and tmsls arKI foundations £6(￿k 12024." £548kl. Total dirÈcl expenditure on fundraising events in the financial year lolalled £47k {2024.' £33k).

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guarantèe) TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Financlal review Icontinued) In￿me from charitable activities increased to £2.029kT from £1.644k in the pnor year. ￿fleetIng increased activty including the Breaking s￿h project. Expenditure The group's total expenditure for the year Nras £4.231 k. an increase ¢Jn the priN year (£3,739kl. EXpe￿ilure ￿ charitstle actwities arK£ on raising funds tsthe financaal yearwas£3.779K and £452k respectively {2024.' £3,304k and £435k). 01 the expenditu￿ on tharitsble aCtiV￿"eS. 81% is attributsblè to concert activities and 1 lo education activities {2024." 80% and 20%). The cost of raisng fiJnds in the year is ¢omrA)sed of direct expendtbjre of £46k. allocated staff costs of £300k and other allocated support costs of £1 D3k (see note 6., 2024.. £33k. £293k ar￿ £109k respeclNelyl. Funds AI 30 September 2025the group held total funds of £1.024k {2024'. £1.247k} consisting of re5trKted funds of£66k12024'. £69kl. designated fijnds of £683k12024'. £714kl arKI unrestricted general fiJnds of £274k12024: £465kl. Restricted and designated fjJnds are predominandy composed of the £66Dk (le5ignated iesetve fund Isee risk and reserves section below. 2024.. £660kl. designated caF4tal prcyects fur￿ {£nil." 2024." £24kl, restricted capital fund £60k', (2024". £69kl and restricted funds for education acti￿eS of £2k12024'. £nil). The reSu￿ng nel decrease in total of £223k {2024.- £73k Inc￿ase) is in line ￿t￿ the Trustees, objective of expending funds on ¢haritsble aetivib"es. vthile mainiaining an appropriate lev21 of ￿serVeS. It is also in line with the planned deficit for the year approved by the Trustees in the annual budget. as we invèst in new prDjectS. The net decrease in fvnds is arca £7C g￿ater than tAanned due to Ihe late teceipl of some donor income, pl¢Js an increase in activity in year, including the innovative Breaking Bach project. This use of funds is consistent with the aim of enhancing the orchest￿,$ rèputation, so necessary for its fjJ1u￿ Thisyon. The unrestricted general funds as at 30 September 2025 of £275k (2024= £465kl will be spent to deliver the OAE'S ambitigus plans in 2Q25r28 and beyoTrJ as it invests to delNer rts mission. Risk and ReseNes The Trustees have idwified the principal risks facing the Orcthestra. wilh the most imPK￿lant risks, the key elements of the mibgalionlmanagement strategy for these nsks, listed in Ihe table below: Rlsks MitwJation Uncertainty in economic ouuwk Review of 8thJitsonal staff and player 5UPPOrt offerings RevieV of SLwplus cash manage￿￿￿t options Environmental impact of touring Update OAES enwronment pdiGy and ensure communicated lo all seholdet5 conb.nue the 8nnual c2rbon reporting Considw a￿ematives to ￿T-traVel for European lourir Fraud including cyber fraud Comprehensr¥e fraud ￿$111￿Ce strategy in place including anti- Iraud policy conb.nue staff training and engage￿Ent Oecline in philanthropic giving Stralegic fvndraising plan to incre8se number of donors and a broader'spread. of donois Over-reliance on key players, staff and senior voluntee Maintsin open commun￿allOn strucbjres Maintsining standards and Continuous wofession81 devèlopment programme Robust tr￿lS and audition5 in operalion EffeCt￿e gJccessv)n pL8nning

ORCHESTRA OF THEAGE OF ENLIGHTENMENT (A Company Llmited by Guardnteel TRUSTEES'ANNUAL REPORT ICOMTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Rlsk and Reserves Icontlnued) These and olher a￿a$ of risk are monitored by thè Trustees and management tsam. and strategies are developèd lo manage them as thèy a￿ Kjentrfied. As part of this prctess the wtentrdl financial impact of each risk is assessed and weighted according lo rts likelihood. The Trustees, reserves Wicy Is lo hold sufficient reserves lo cover this overall level of risk, resulting in a current requiremenl to hold £660,DOO in reserves (i"usl over 2 months, worth of expendilurel. This amount is held in a designated reserve fvnd. enabling the organisalicfft to take appropriale artistic risks and plan confidendy for the future. The Iree reserves of the Charity (induding the desHJnated reseNe fund) al3￿ September 2025 was £801,074 12024.. £952,762) Going Concern The ability to secure fijlure domestic and intemth.onal perfornia￿e may t impacted by several sources of uncertainty.. the ecenl of economic ￿n￿rtaInty in the UK, wrth assouated inflationary iiKre8ses and decline in philanthropic generosity- eompebb'on in the digital licensing matke( and Ihe p￿bilIty of a dedine in perforrnance standards. The Trustees have prepared projected cash flow Inforrnab"on, includir4J ser6itivity analyses. These cash fiows wnsider projecte(I cash inflows from bc)th charitable acts'v￿es. and grants ané donalions. Due to their nature, there are inher8nl uncertainties with regards lo the value and timing of rec￿pt of grants and donations. On the basis of thi5 cash flow infomiation. which covers a pericmj of at1¢oSt one year from the approval of the financial statements, and the level of available reserves and cash funds. the Trustees cNbnue to adopt the going Con￿rn basis of accounting in preparing the annual financial stat￿)ents. Plans for future perlods In the 202512026 season the OAE celebrates its 4Dth anniversary a season featuring seminal repertoire and artistlc figures.. Handel.. Solomon (John Butt), Haydn.. Piano Concerto in D (Sir Andras Schiff), Mozart.. Clarinet Cor)certo (Katherine Spen¢erl, Beethoven". Symphonies 4 & 5 (Adam Fischer). Baeh". Sl Johrp PasS￿n (Johanna Sollerl, Breaking Bach.. London Premiere and UK I US lour. Haydn.. Die Schopfung (Vaclav Luksl, Comrnunity Opèra." Lrfe of the Se&, Berlioz.. La Symphonie F8ntaslique {Sir Simon Rawel. Ovorak- Cello Concerto (Maxim Emelyanychev, Steven Isserfisl. Regional touring is ant￿1pat& in its major UK partner venues". Saffton Hall i Essex Music Trust. Basingsloke. Manchester, IA¥rwick. Port9nOUth, York. Durham, Malvem, Oxford, Cambridge. International touring is expected to inelude venues in the United State5, Denmark. Gemwny. Irel￿, Italy. Sw"tzerfarKI, Austria, Belgium and the Czech RepubliG. Infomiatlon on fundratsing practices The OAE is registe￿￿ wth the Fundraising Regulator b[￿ and our t>evelopment department's work is to ensute a reliable finanaal platfomi for the ijelivery of the OAE'S arbstic activity ￿tIv"n their code of best pra¢ti¢e. We have rece￿ed no compl￿ntS wa the Fundraising Regulator. we bdieve that we Comply with the standards s81 by the Fundraising Regulator_ Fundfaising actNrties are focused on building funds by.. - continuing lo grow major donor support for the OAE'S pr¢yJramme of ccrfKerts and education work - increa&ng annu￿ indwidual membership income at Friend (£￿£1.199) and Patron1£1.200+) levels.. - retaining and increasing trust and fwndalion 5UPPOrt for projects delivered by OAE player5 and the OAE team. - retaining corporate supporters and ¢￿￿￿1n9 wterrtial spLw)sors for cash and in-kind support", - using COnGerts arKJ fundraising events to steward e￿$￿.￿J- and ojttivale ne•V- SUPPOrters.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT A Company Umited by Guarantee} TRUSTEES'ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Information on fundraising prdclices (continued) All of this activ-ty Is monitored and recorded on the OAE'S CRM systewn, Tessilura. which it shares wth Ihe Southbank Centre. We work closely wth senior v(Aunleers to invO￿e their ne￿l)rkS in our work. We do not employ Commercial participators to carry out any of these activities on our behalf. Two extemal fvndraising ¢onsullants are engaged lo support wlh grant bid submissions aTh1 assoctated grant repth"ro. The OAE Development Team cultivat8s and manages relalK)nships wrth supporters and has robust procedures to protect vulnerable people and olher members of the public from behaviour which is an unreasonable intrusion on a person's priv￿Y, is u[￿eas0r￿￿Y persistent or places urKlue pfyssu￿ on a person to give money or other property. These proce(lur&s are C￿j1fied in the OAE Privacy Pdicy and indude transparency of communications and supporter rights arouné dats handling. Related Parties The Orchestra has a wholly owned subsidiary company called OAE Produekn'ons Limited (Company number. 09789990}, which was incorporated on 22nd September 2015. It was dwded that OAE Productions would reduce ils trading capacty from October 2024 and it is in the process of becoming dormant by SeplemtEr 2026. Further details and financial resulls for this company are sIb￿rn in note 13 to the accounts ststefflent of Trustees, respon$lbllities The Trustees (who are alsothe directors ofthe Orchestraforthe purposes of Compary lawl are res￿nSIble for preparing the Trustees, Reptjt and the finanaal statements in acwdancè wlh applicable law and Unrted Kingdom AcC￿ntIng Standards IUnilÈd ￿'ngdoM Generally Accepted Accounkn"ng Practi￿1. Company law requires the TnJsI￿S to prepare finana81 statements ￿ each financAal year. Under Company law the Trustees musl not approve the financial 51alements unless Ihey are satisfied that they give 8 true and fair view of th state of affairs of the group and the Ortheslra and of thèir incoming resources and application of resour￿$. including their income and expenditure, for that period. In weparing these financial Statements, the Ttuslees are required lo.. select suitable accounting p￿l￿S and then appty them ￿￿￿$tenvy. observe the methods and principles in Chariiies SORP., make judgments and accounting estimates that are Teasonable arKI prudent prepare the finaneial slalemenls on the going con￿￿ basis unless rt is inappropriate to presume that the charitrdble 9roup will conts.nue in otHation. The Trustees arè responsible for keeping accounting recorfs whith disclose with reasonable accuracy at any timè the financial position of the OAE and the group and which enable them to ensure that the financial statements comply with the Charities Act 2C111 and Statement of R￿l¥￿mended PraCti￿.ACCOUntsng and Reporting by Charities" which is applicable lo Charities preparing their accounts in a¢xordance th Ihe "Financial Repo￿.￿￿ Standard appli¢abl@ in th United lfjngdom and Republic of Ireland" {FRS 1021, second edition eflect've 1 January 2019. They are also responsible for safeguarding the assets of the OAE and the gr￿P and hence for taki.ng reasona>le sleps for the prevention and detection of fraud and breaches of law and wuklions. Auditors A resolution to re-aprKJint Crowe U.K. LLPasthe Orchestra's auditorswll be pr¢)posed atlhe forthwmingAnnual General Meeting. DI￿10sure of information to audito Each of the persons who are Trustees al the time when this Trustees, Report is approved has cgnfirnied that." so lar as that Tfuslee is aware, the￿ is no relevant audrt information of YthiGh the tharitable group's aLKlilors are unaware, and

ORCHESTFiA OF ThE AGE OF ENUGFrrENMENT (A Company Llmlted by Guarantee) TRUSTEES'ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Dlsclosure of infomiation to auditors (conlinued) that Trn￿lee has taken 811 the steps that rAJght to have been taken as a Trustee in order lo be aware of any relevant audit infonrtation and to establish that the charitable group's audrtors ate aware of that information In preparing this report, the Trustees have taken advantsge of the small companies. exemptions provided by section 415A of th@ Companies Act 20(￿. This report was approved by the Tmslees and signed on their behalf by.. CE Dale. Jb 10

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ORCHESTRA OF THE AGE OF ENLIGHTENMENT AND SUBSIDIARY UNDERTAKINGS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Opinlon We have audited the financial statewits of Orchestra of the Age of Enlightenment I'the charitable company'l and its subsidiary I'lhe group'l for the year ended 30 Septernber 2025 which cx)mpti5e the Consolidated Statement of Financial Activities, the Consolidated and Charrty Bala￿e Sheets, the Con501idated and Cash Flow Statemenis and notes to the financial statements. including swJnificant accounting policies. The ffinancial reportillg framework that has been applied in Éheir preparabon is applicable law and United Kingdom Accounting Standards, including Financial Rewrting Standard 102 The Financial ReFx)rting Standard applicable in the UK and Republic of Ireland {Uniled Kingdom Generally Accepted Accounting Practice). Ill our opinion the financial statements- give a true and fair view ol the state of the group's and the charitable company's affairs as al 30 September 2025 and of the group's incoming resources and application of resourc*s. including its income and expenditure for the year then ended.. have been propedy prepared in aCCordar￿e with United Efjngdom Generally Accepted Accounting Pra¢tits'. and have been prepared in accordance with the requiremenls of the Companie5 Act 2006 and the Charibes Act 2011. Basis for opinion We conducted our audit in accorrIan￿ with Internat￿nal Stsndards on Auditing (UK) IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the Auditor s responsibilities for the audit of the financial statemenls section of our rep￿l We are independent of the group in accordan with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fvlfilkd our other ethical responsibilities in a(￿rdanCe with these requirements. ￿ believe that the audit evidence we have obtained is suff￿lent and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial ststements, we have conduded that the trustees. use of the goiny cOn￿M basis of accounting in the preparats.on of the financial statements is approprkate. Based on the work we have performed. we have not identified any matertal vncertainb.es relating to events or condittons that, Individually or collectively, may cast sMJnificanl doubt on the charitable company's ability to continue as a going COn￿M for a pericd of at least tsvelve months from when the financial 51alemenls are authorised for issue. Our responsibilities and the responsibilthes of the Irustees wtth respect to going concem are described in the relevant seclions of this report. Other Infomlatlon The twstèes are reswnsible for the other inf0m￿tIOn contsined within the annual report. The other information comprises the infotmabon induded in Ihe annual reFKJrt, other than the financial stslemenls and our auditor's report thereon. Our opinion on the financial statements does nol cover the other information and. except lo the extent otherwise expliauy ststed in our reporL we do not express any form of assurance conclusion thereon. 11

INDEPENDENT AuD￿ORs. REPORTTO THE MEMBERS OF ORCHESTRA OF THEAGE OF ENLIGHTENMENT AND SUBSIDIARY UNDERTAKINGS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Our responsibility is to read the other infonnation and, in doing so, consider whether the other infomialion FS materially incor7sislent with the financial statements or our knowledge obtained in the audit or othewise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are ￿qUIred to deternine whether Ihis gNes rise to a material misststemenl in the financial statements themselves. If, based on the work we have perfom)ed, we conclude that there is a material misstatement of this other inforniation, we are required to report Ihat fact. We have Nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion based on the work undertaken in the course of our aud the informatt.on given in the trustees. report. whth includes the directors, report prepared for the purposes of company law, for the financtal year kn 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 applicable legal requiremenls. Matters on whi¢h we are required to report by excèption In light of the knowledge and understsnding of the group and the charitable company and their environment obtained in the ¢ourse of the audit. we have not identilied material misstatements in the directors, report included within the trustees. report. We have nothing to report in respect of the followng matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion" the parent Company has not kept adequate axounting records" or the parent Gompany financial ststements are nol in agree￿Ent wrth the ￿￿oUnting re¢ords and retums., or certain dI￿105u[eS of trustees. remuneration speofied by law are not made, or we have not r￿1Ve￿ all the information and explanations we requi￿ for our audit., or the trustees We￿ not enttued to Prepa￿ the financial statements in acc()rdan￿ w(Ih the small Companies regime and tske advantage of the small companies exemption in prepanng the Trustees Annual Report. Responslbllities of trustees As explained more fulty in the trustees, responsibilities statement set out on page g, the trusteps (who are also the directo￿ of the charitable cornpany for the purposes of company lawl are responsible for the preparation of the financial stalernents and for being satisffied that they gNe a true ar￿ fair view. and for such internal conlToI a5 the ttustees deterrnine is necessary lo enab￿ the prepafation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responssble for assessing the group's abilty to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees either iniend to liquidate the charitable company ￿ lo cease operations, or have no realistic alternative but to do so. 12

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ORCHESTRA OF THE AGE OF ENLIGHTENMENT AND SUBSIDIARY UNDERTAKINGS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Audltor's responsibilities for the audit of the financial ststements We have been appointed as auditor under secb.on 151 of the Charities Act 2011 and under the Companies Act 2006 and report in accordance with the Acts arbd relevant regulab.ons made or having effect Ihereunder Our objectives are lo obtain reasonable assurance atx)ut whether the financial statements as a whole are free from material misststemenl, whelhei dije lo fraud or error. and to issue an auditor's report that includes our opinion. Reasonable aSSUrar￿ is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always delect a material misstatement when rt exists_ Misstatements can arise from fraud or error and a￿ considered material rf, indwidualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial stalemenls. Detsils of the extent lo which the audit was considered capable of detecting irregularitie5. including fraud and non-complian￿ with laws and regulations a￿ set out below. A further description of our restx)nsibilities for the audit of the financial slatements is located on the Financial Reporting Council's website at.. wNw.frc.or -uklaudilorsres nsibilib"es. This description fomis part of our auditor's report. Extent to which the audit was Considered capable of detecting irregularities. including fraud Irregularities, including fraud, are instances of non￿ompliance with laws and regulations We identified and assessed the risks of material misstatement of the finan￿al statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive lo those risks, including obtaining audit eviden￿ sufficient and appropriate lo provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the charitsble company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial slatemenls, including financial reporting legislation and the Charities SORP IFRS 1021, and tax regulations. We assessed the required compliance with these laws and regulab.ons as part of our audit procedures on the related financial statement rtems. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial stalernents but compliance with which might be necessary to the group's ability lo operate or lo avoid a material penalty. Auditing standards limit the reqtjired audit procedures lo identify non<ompliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. We also considered the opportunities and incentives that may exist wthin the charitable company and the group for fraud. We identified the greatest risk of material impact on the financial stalernents from irregularities, Including fraud, lo be within the timing of recognition of income lin particular grant income, ticket sales. and perf0mlan￿ fees) and the override of controls by management. Our audit procedures lo respond lo these risks included enquiries of management and the Finan￿, Audtt & Risk Committee about their own identification and assessrnenl of the risks of irregulartties. sample testrng on the posting of journals, reviewing accounting estimates for biases. reviewing regulatory Corresponden￿ with the Charity Commission, and reading minutes of meetings of those charged with govemance_ Owing lo the inherent limitations of an audit, there is an unavoKlable risk that we may not have dele¢led some material misslalements in Ihe financial statements, even though we have property planned and performed our audit in accordan￿ with auditing standards. For example, the further removed nonlompliance with laws and regulations lirregularits.esl is from the events and transactions reflected in the financial stalemenls, the less likely the inherently limited procedures required by auditing standards would Kjenlify it. In addition. as with any audit. there rernained a higher risk of non4etection of irregularities, as these may involve collusion, forgery, intentional omissions. misrepresentations. or the override of inlemal controls. We are not responsible for prevenbng non-compliance and cannot be expected to detect non-complian￿ with all laws and regulations. 13

INDEPENDENT AuD￿ORs, REPORTTO THE MEM8ERS OF ORCHESTRA OF THE AGE OF ENLIGHTENMENT AND SUBSIDIARY UNDERTAKINGS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 202S Use of our report This report is made solely to the Charitab￿ company's members, as a body, In accordance with Chapter 3 of part 16 of the Companies Act 2006, and lo the charitable cornpany's trustees, as a body. in accordance with Part 4 of the Charities (Accounts and ReFx)rtsl Regulaty"ons 2008. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matter5 we are required to stale lo them in an auditor's report and for no other purpose. To the ful￿St extent FErmitted by law, we do not 8ccepl or assume responsibilrty to anyone other than the charitable company, the charitsble company's members as a b￿Y and the charitable company's trustees as a bc¥Jy. for our audit work, for this report. or for the opinions we have fomed. Jayne Rowe Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory ALKlitor London Date.. 24 June 2026 Crowe U K. LLP is eligible for appointment as audff(or of the chanty by virtue of its eligibility for appointment as auditor ol a company under section 1212 of the Companies Act 2006. 14

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guaranteè) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 UnrestTE¢ted funds 2025 Restrlcted funds 2025 Total frjnds 2025 Totsl funds 2024 Note Income: Incorne from donations and legacies Income from charitable activities 909.580 580,116 1,489,696 1.780.682 2.028,988 2.028,988 1.643,868 Investment in￿rne 12,168 12.168 12,440 other income 476,817 57 476,874 377,409 3,814.399 Totsl Income 3.427.553 580.1T3 4,007,726 Expenditure on- Raising funds Charita￿e activities 1449,522) (3.180.328) {3.629.8501 12.4541 1599,0181 {601.472) 1451.9761 13.779,3461 14.231,3221 {435.3841 {3.3D3,7501 {3,739.1341 Totsl expenditure Net Income I lexpenditurel 1201297 121,2991 1223,S961 75.265 Transfer behveen fjJnds 19 118.744) 18,744 Other recognisèd gains I Ilo$ses}: (Losses) I gains on revaluab.on of fixed assets 12 {2,100) Effects of foreign exchange contract movements Net movement In funds {221.041) 12,S55 1223.5961 73.165 Reconclliation of funds: Totsl funds brought forward 1.178.821 68.599 1247.420 1,174,255 Net movement in funds IY21.0411 12.555) {223.5961 73,165 Total funds carried forward 957.780 1,023,824 1.247,420 The Consolidated Ststement of Finanaal Acbvities includes all gains and losses recognised In the year. The above results are from continuing actNthes and tt*re a￿ no other gans and l¢)sses except as slated above. The notes on pages 19 10 43 form part of these financial slalements.

ORCHESTRA OF THEAGE OF ENUGHTENMENT IA Company Lirnited by Guarante61 CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 Fixed asset5 Tangible assets 12 133.414 171,654 Current assets Debtors 14 1.120.551 1,146,243 553,447 1,699,690 Cash at bank and in hand 374.684 1.495.235 Creditors.. amounts falling due within one ear 15 1604.825) {623,924) Net current assets 890.410 1.075,766 Neta5sets 1.023.824 1.247,420 Charlty funds Reslricted funds 18 66,044 957,780 68,599 1,178,821 Unrestricted furKIs 18 Total funds 1.023,824 1.247.420 The financial slalernenls have been prepared in a¢￿dance with the tKowsions applicable to entities Subje￿ to the small companies. regime. The financial stslernents were approved an¢J authorised for issue by the Trustees and signed on Iheir behalf by: ct Date-. [} lol The notes on p￿&S 19 to 43 fom part of these financial statements. Company Number.. 2040312 16

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Llmited by Guarantee CHARITY BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 Flxed assets Tangible assets Investments 12 133,414 171,e54 13 100 100 133,514 171,754 Current assets Debtors 14 1.120,551 374.6S4 1,297,901 Cash al bank and in harvj 417,469 1.495,235 1.715.370 Creditors.. amounts falling due within one ear 15 1633.015} (668,178} Net current assets 862.220 1.047.192 Net assets 995.734 1.218.946 Charlty funds Restricted funds 18 68.599 1,150.347 unrestn.cted funds 929,690 Total funds 995,734 1.218.946 The financial statements have been prepare(J in accordanc￿ the provisions applicable to enb'ties subject to the small eompanies. regime. The Charity has taken adv￿tage of the exemption allowed under section 408 gf the Cornpanies Act 2006 and has not presented its own Statement of FinancialActNities in Ihese financial statements. sufplus of the parent Charity for the year was £74,671 12023: deficrt of the parent ctrorrty was £330.6881. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Ct Dale= Tr J￿101 The r¥Jtes on pages 19 10 43 form part ofthese financial ststements. Company Number.. 2040312 17

ORCHESTRA OF THE AGE OF ENLIGHTENMENT (A Company Limited by Guarantee) CONSOUDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEFfEMBER 202S Noi• 2025 2024 Cash flows Irom opernting activities Net cash ptowded by I l¥J5ed in) operating activ￿eS 23 1175,835) 83,319 Cash flows from investlng actlvttles Dividends. interest and rent from investments 12,168 12,440 Purchasè of tangible fixed assets Net cash used in invesung actlvttles 115.0961 137,3321 124.892) 12.9281 Change in cash and cash equivalents in the year Cash and cash equivalents al the beginniThJ of the year Cash and cash equivalents atthe end ofthe year {178,7631 553,447 58.427 495.020 24 374,684 553,447 The notes on page5 19 to 43 forni part of these financial statemenls. 18

ORCHESTRA OF THE AGE OF ENUGHTENMENT IA Company Limited by Guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER2025 Accounting policies 1.1 Basis of preparation of financial statoments The ffnarKial statements have been prepared in accordan￿ the Charrtres SORP IFRS 1021- Accounting and Reports"ng by Challlies.. Stalernenl of Recommended Practice applicable to charities preparing their aCc￿ntS in ￿cordanCe with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)12nd edtbon- effective OctoLEr 20191, the Financial Reporb'ng Standard applicable in the UK and Republic of Ireland {FRS 1021 and the CompaniesAel 2006. Orchestra of the Age of Enlightenment and its subsith.ary urKlertaking meets the definition of a public benefit entity under FRS 102. Assets and liabilitses ale ini118lly recognised al historical cost ortrsnsaclion value unless othetwise stated In the relevant ac¢wnting wli¢y. The Consdid81ed Statement of Financial Acbvilies {SOFA} and Ctxwlid81ed Balance Sheet i￿lUde the financial statements of the Group and ils sub&"diary Lm(Jertaking. The ￿sUltS of the subsidiary are conscAidatsd on a linè by linè basis. The Gr¢)up ha5 taken advartsge ofthe exemption allowed urthr sectton 408 of the CompaniesAct 2006 and has not presented the Charity Statement of FInanaalAdiv￿es and the Charity Cash Flow Slalemenl in these finanoal statements. The Charity accounts are prepareil in accordance with FRS 102 and Charities SORP IFRS 1021 ané the Companies Act. The subsithary company accounts are prepared in accordance with FRS 102 1A. No adjustments have been r8quir8d to align the accounting rxjlicies of bolh entities_ The principal accounting O￿les, have been appligj consislenuy, are set out below.. 1.2 Going concern The ability lo secure future dcfnestic and intemalional performance may be impa¢led by several sources of uncertainty.. the extenl of econom￿ uncertainty in the UK. with associated inflationary increases and decline in philanthropic generow", competitK)n in the digital li￿nsIng market", and the risk of a decline In perfotmance standards. The Trustees have prepared projected cash ftcw infomelion. including 5ensilivily analyses considering piojected cash inflow5 fro¥n charrtable aclivilies and grants and donations for which, due to their nature, there are inherent uncertainties with regards to Ihe value and liming of receipt. On the basis of this cash information. which covers a period ol al least one year from the approval of the financial stslements, and the level of available reserves and cash funds. the Trusl?es contsnue to adopt the going co￿eM basis of accounbng in preparing the annual financial statemenls. 1.3 Company ststus The Charity is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect ofthe guarantee is limrted to £1 per member of the Chaiity. As at 30 September 2025 there were 62 12024. 621 members. The registered office addie35 and prinGipal place of bu5ines5 is Acland Burghley SGhoot. 93 Burghley Road. London, NW5 1UH_ 19

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS ICOPtnNUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 2. Accounting policies {continued) 1.4 Income l inwme is re¢ognised once the c￿rity has enbtiemenl to inc(xne. it is probable that the income will be receivecl. and the arnounl of income r￿[va￿e can be measured reliably. Income tax iecoverable in ￿latiOn lo investment 1￿me is recognised at the time the irniestmenl income is receivable. Other income i8 recognise(l in the perTod in which il is recewablè and lo the extent the goods have been provided or on CoM￿￿"0n of the serviee. Donat5ons Donations re￿iVed with imp)sed restn"(*ons are dassthed as restrided thnds. Donatsons in kind are valuedand ir￿lUded in income to the extentthatlhey represent goods or services which would otherwise bè purchased. The valuation is based on whal a third paty would pay for the gO￿S or services. An equivalent amount is tharged as expenditure Fr￿me and the coffesponding xpense are recognised in the year that the go￿1$ or seNices ￿e re￿vedIUSed. Grants recelvable Revenue grants are erediled as income when they are recervable provided conditions for receipt have been complied with. During the year the group received ? £210.999 National Porffolio Organisation grant from the Arts Council EnglarKI {2024.' £207.656} In aC￿rdance wlh our a￿Unting pc4icy this credit is induded in Income from donations aTrJ legacies within the In￿me Statement over Ihe same period as the expenditure on Charitsble activsties that are being funaed by the grants. Legacles Legacy gifts are recognised on a (3s&by-(35e ba￿5 when the charrty is notsfied and when the value and entwuemenl of the legacy is known reasonable ￿rtainty. Orchestra Tax Relief Orchestra Tax Relief is [￿nIsed in the wod in which qualifying expenditure is recognised. In 2025, accrued irKorTte includes £741,664 in relation to the OTR claims for the years ended 30 September 2024 and 3D September 2025 12024.. £522,379 for the year5 ended 30 September 2023 and 30 September 2024). Charitable trading activities Charitable trading activities represents ir￿orne r￿￿ed from Iwe ?nd recorded musical perfom)an¢es, including concerts, recordings and broadcasls over various media. The income is re¢ggnised on the completion of the performorKe or, in Ihe case of royalties. when r￿e1Vab[e. Other trading aCtivil￿S represents incomo weived from fiJndraisiTrJ events, membership sUb￿riptIOnS and ￿leS of merthandiso. The Ir￿Me is recognised when receivable. Interest recelvable and investrnent Income Interest on furKls held on dety)sf( is induded when receNable and the amount Can be measured reliably by tho Charity.. this is nonnaHy upon notfficotion of the interest paid or paYa￿e by the Bank. Investment income. gains an¢J losses are allocated to the aw)ropnate fvnd. 20

ORCHESTRA OF THE AGE OF ENUGHTEMMENT {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies (continued) 1.5 Expenditure Expendrture is recognised 0￿e Ihèrè is a legal or COnstr￿tive ok￿￿￿3tiOn to trar￿fer economic benefit to a third paty. it is probable that a transler of eCor￿mi¢ beneffts will be required in settlement and the amount of the obligation Can be measured reliably. Expwdilure is classifted by activity. The costs of each adivity are made up ofthe total ofdirect rnsts and sha￿d costs, including support costs involvèd in undertaking e￿ actiwly. Direct e¢sts attritMthabte to a single aetivity are allocated directly to that tivity. Shared costs whieh eontribule to more than one ath.vity and support eosts whieh are nol attributable to a SIn￿e activity ère apportioned betsveen those xtNibes on a basis eonsislent wth the use of resourees. Costs of raisiro funds are those incurred in seeking V￿untary conlributitins and do not include Ihe costs of disseminating inforrnab.on in support of Ihe charitable activrties. Support costs are those ￿$1$ ineurred directly in support of expenditure on the objects of the Charity and include project management costs. Govemance costs are th￿e incurred in connection admiruslralion of the Charity and compliance with constitutional and stalutory requirements. Expenditure on raising funds indLkles all expenditure Ir￿ffed by the Group to raise ftjnds for its charitsble purposes and i￿ludeS costs of all fundrnl￿ng actNrties events and notFcharilable t￿￿1￿9. Expenditure on charitable livitres is incuffed on diTeclly undertaking the acil￿thes which further the Group's objectives, as well as any associated support eosls. Grant making charita￿e actNty expendrture relates to granls to the Orchestra of Age of Enlightenment Trust roAE Trustl and the OAE Benevolent Fund. 1.6 Fund accounting GenerJ funds are unrestiicied fuTrJs vthith ￿ available for use at the disc¥elion of the Trustees i fvrtherance of general cknjectNes of the Group and which have noi been designated for other purposes. Designated fvnds comprise Un￿stricted funds that have been set aside by the Trustees for parhEular PUTposes. The aim and use of each designated fund is set out in the notes to the financial stslements. Restricted funds are fvnds vthich are lo be used ir accordan￿ with speofic restrictions imposed by donors, or which have been raised by the Group for parbcuL4r purposes. The costs of raising and administering such funds a￿ charged against the speciffic fund. The aim and use of each restricted fund are set out in the notes lo the financial statement& 1.7 Operating leases Rentals paid under operating leases are charged to the Consolklated Stalement of Financial Activities on a straight-line basis over the lease terni. 21

ORCHESTRA OF THE AGE OF ENUGHTENMENT IA Company L5mited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aceounting polici8s IcontSnued) 1.8 Tangible fixed assets and depreclatlon Tangible fixed ?ssets cosb.ro £500 more are CAtMtalised and iecognised when fvlure economie berths are probable. and the cost or value of the asset CAn be measured reliably. Tangible fixed assels are initially recognised at cost. After recognition. under the cost model, tsngible fixed assets are measured at cost less accumulated depre￿ation and any accumulated impaimenl losses. ￿1 costs incurred to bring a tangible fixed asset into its intended V￿an9 condib.on are induded in the measurement of cost_ A review for impairment of a fixed asset is carried out if events (w tharoes in Circumstan￿S inthcale thal the carying value of any fixed asset may rK)I be reeoverable. Shortfalls be￿een the carrying value offixed assets and their recoverable amounlsare recogni5ed as impairments. Impairmont losses are recognised in the Ststement of Finanoal Activitses. Dep￿CiatIon is charged so as to allcKate the cost of tsngible ￿ed assets less their ￿SIdUal value over their estimated usefLJI lives. U￿ng lthe straight4ine method. Dep￿CIatIon is provided on Ihe foll￿rng bases: Long-temi leasehold property Office equipment Computer equipment - over 5 yea over 4 yeaTS - over 5 yeais The Charty has adopted a revaluation policy in regard to its muwcal instruments. The Charity will review the value of the assets regularfy to ensure that the carrying amount doès not differ materially from thatwhich would be éelemiined ￿￿ng fair value atthe erKlof the repo￿.ng pertod. No de￿O18t10n is charged on musThl inStrum￿ts as the expected ￿dUal value will be equal to valuation. 1.9 Investments Investment in the subsidiary is v81ued at cosi less provision for impaim)ent. 1.10 Debtors Trade and other deblors a￿ ieccgnised at the setuement amount after any tr3de discount offered. Prepayments are valued at the amwnt wepaid nel of any trade discounts due. 1.11 Cash at bank and in hand Cash at bank and in hand Includes cash arKI short-t¥m highly liquid Investments wth a short maturity of three months or less from the dale of acquisthon or opening ol the deposit or similar account.

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS ICONTIMUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Icontlnuedl 1.12 Liabllltles Liabilities are resognised when there is an o￿lga￿ at the Balance Sheet date as a result of a past event, il is piobable that a transfer of econom￿ benefit wll be requi￿ in settlement. aThJ the amount of the seltletnent can be estimated rdiabty. Liabifrties are wognised 81 the amount that the Charity anticipates rt wll pay lo setde the debt or the amount it has [￿1Ved as adva￿ed payments for the 9￿a$ or services it must provide. 1.13 Financlal 5nstruments The charity's basic finan¢i81 insiruments are initialty recognise(l at transath.on value and subsequently measured at their seitlement value. 1.14 Foreign currencles Monetary assèts and liabilth.es denominated in for￿g￿ i)Jrrerries are translated Into sterfing at Tates of exthange ruling at the balarKe sheet date. TransafAions in foreigrk currencies are translat&J into sterling al the rate ruling on the date of the transaction. Exchange gains and losses are r6wnised in the Statement of Finanaal Actwiti'es. 1.15 P•n5ions The Group contributes lo a defined contrit*rtion w)sion scheme managed by Aviva, and the pension eharge represents the amounts payable by the Group lo the scheme in ￿Spect of the year. 1.16 Critical Estimates and of Slgnlfkant Judgement In the ap￿iCatiOn of the Chari￿$ accwntiry Fxjlicies. Trustees are required to make judgemènts. estimates and assumptions about the ¢ztrying values of assets and liabilth.es that are not ￿adIlY apparent from other sources. The estimate5 and underlying assumptrons are based on historical experience and other factors that are considere(I to be rdevanl. Actual results may drffer from these estimates. The esb"mates and ￿Je￿yIng assumptions are reviewed on an ongoing basis. In the view of the Trustees. no assumplions conwning the future or estimation Un￿rtaInty affecting a&sets and lialylib.es at the Balance Sheet dale are likdy to result in a material adJ'u51ment to their carying amounts in the next financial year. Key $our￿S of eslimalion uncertainty that have a s￿nIficant effect on acc(MJnls are.. Depreciation Value of donated goods aTrd services Valuation of insttUEnenls Please refer to the relevant acGourrting p￿iCH notes above for more information. 23

ORCHESTRA OF THE AGE OF ENUGHTEMMEwr {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS IcoKnNUEDI FOR THE YEAR ENDEO 30 SEPTEMBER 2025 2. Income from donations. grants and legacles Current year Unrestricted fund$ 2025 Restrkted funds 202S Total funds 2025 Arts Council England (National Portfolio) Arts Council England lolher grants) Corporate donations Education partner funding Gwft Aid 210,999 210.999 62.748 62,748 150 8,102 82.633 90,735 57,292 453,974 1.000 57.292 Individual donations 311.989 141,985 Legacies Orchestra of the Age of Enlightenment Trust 1.000 110,OCH) 110.000 Trusts & Foundations grants and donations 203.3 292.750 496,146 Gifts in kind 6.652 6,652 Total 2024 909,580 580.116 1,489.696 Grants and donations from Trusts & Foundalions in Ihe year ended 30 September 2025 indudes support from the following organisalions.. The Al￿rt & Eugenie Frost Music Trust The AsFHnwall Educabonal Trust The Briiford Bridg8 Tnjsl The Charles Peel Charitable TnK8t Cockayne Grants for the Arts The de Laszlo FoundalitN) The D'oyly Corte Chantable Trust Dreamehasing Esmée Fairt)airn Foundation The Foyle Foundation The Gamck CharitalAe Trust The GOISO￿Ott Foundation Henocq Law Trust The Idlewild Trust John Armitage Chariiable Trust John Lyon's Charty The Linbury Trusl Mark Allen Foundation The Neville Abraham Foundatson The Patrtcia Routledge Foundation The Patrick ROl￿and Foundation Paul Hamlyn Foundation 24

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {cofrmMUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Peter Cundill Foundation The Rogèr and Ingrid Pilkn'ngton Charitable Trust Scops Arts Trust Skymie Hart Charrt8ble Trust The Stanley Picker Trust The Thistle Trust Thriplow Charitable Trust Vaughan Imlliams FOur￿atIOn The Vemon Ellis Fwndalion 25

ORCHESTRA OF THE AGE OF ENLIGtrrrENMENT IA Company Limitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS IcopillNUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 2. Income from donations. grants and legacles leontiTrued) Prlor year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Arts Council England (National Portfolio) Corporate donations Education partner funding GiftAid 207,656 2C17,658 8,775 16.933 10.000 97.851 18.775 114,784 56,857 827,509 7.000 56.857 732.411 Indivrdual donations 95,098 Legacies Orchestra of the Age of Enlightenment Trust Trusts & Foundations grants and donations Totsl 2024 7.000 123,138 354,963 123,138 70.000 424,963 1,099,632 681,050 1.780,682 Grants and donaknons from Trusts & F￿ndatiOnS in the year ended 30 September 202 indudes support from Ihe following organisalions-. Big Giv8 Foundation Cewan Capital Cockayne Foundab'on Dreamchasing Garfield Weston Foundation John Amiilage Charitable Trust John Lyon's Charty Mark Allen Foundation PJul Hamlyn Foundats"on Peter Cur￿111 Foundation Skymie Hart Charilable Tfusl The Albert and Eugenie Frost Music Trust The Britford Bridge Trust The Charlés Pèel Charitable Trust The De Laszlo Foundaton The John FcMJndation The LinL)ury Trust The Vemon Ellis Foundab"on The Wein5trLk Fund

ORCHESTRA OF THE AGE OF EMLIGIITENMENT IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 3. Income from charitable activiiies Unrestrtcted funds 2025 Restricted funds 2025 Total funds 2025 Concerts 2.025.359 3.629 2.025,359 3,629 Educational activities Total 2025 2,028,988 2,028,988 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Concerts 1,572,412 5,663 65.793 1,638,205 Educational activities 5,663 1,643,868 Total 2024 1,578,075 65.793 4. Investment income Total funds 202S Total funds 2024 Bank interest receivable 12,168 12,440 The 2025 amount consists solely of unie5trKted income12024: amount ¢￿SISt$ sdely of unreslricled in¢omel. S. Other Income Unreslrfctèd RÈstrlcted Total funds 2025 Total funds 2024 2025 2025 Fundraising events OrGheslra Tax Relief 21.854 21.854 10,492 423,459 423,459 31,561 318,676 48,241 Oiher ineome 31,504 57 Total 476.817 476,874 377.409 The 2024 amount consists solely of untesln.cled ir￿me. 27

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 6. Expenditure on raising funds Unrestricted funds 202S Restricted ftinds 202S Totsl funds 202S Total funds 2024 General expenditure on raisiThJ funds 46.723 46,723 32,540 Support ¢0sts- office rent and rdtes 28,032 28.032 27,287 Support ¢osls- office facilities 11.987 11,987 12.334 Support costs- general administrative costs 21.933 21,933 31,Q28 Support costs- professional and legal fees Support Gosts- audit and accountancy fees Support Costs- bank charges and finance costs 1,508 10.629 10.629 8,556 5,319 5,319 3.574 Support costs- depreciation aThJ revaluation 11.630 2.293 13,923 15.420 Support costs- govemance costs 12.605 161 12.766 10,108 Support G05ts- Wages, saL3ries and pension ¢onth"butions Support costs- Sccial Security cost 17.718 17.718 17,374 1.953 1.953 1.605 Wages and saiaries 240,856 240.856 239,509 Social Security costs 27,813 27,813 23,178 Pension costs 11.478 11,478 11.363 Totsl 449.522 2.454 451,976 435,384 The 2025 amgunl ¢￿siSt5 of both restricted and unrestn.cled expenditure12024'. amount consists of LY)th restricted and unrestricted eypenéiturel. 28

ORCHESTRA OF THE AGE OF EMLIGHTENMENT IA Company Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS Icoi¥llNUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 7. Analysls of expenditure on charitabEe activities Summary by fund type Unrestricted funds 2025 Restridpd funds 2025 Total funds 2025 Concerts 2.￿1.658 97.021 501.997 3,OS8,679 715,667 Educational activities 213,670 Grant making 5,000 Totsl 2025 3.180,328 599.018 3.779.346 Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Concerts 2.357,605 27.338 272,049 2.629,654 6S4,096 Educational aclivities 636,758 Grant making 10.000 10.000 Total 2024 2.394.943 908.807 3,303.750 Summary by expenditure type Staff costs 202S Oiher costs 2025 Total funds 2025 COr￿ertS 517.321 2.541.358 3,058,679 71 5.667 5,000 Educational activities 256.088 459.579 5.CM)O Grant making Total 2025 773.409 3.005,937 3,779.346 Staff costs 2024 Oiher Costs 2024 Totsl funds 2024 Concerts 472.512 2,157,142 438,095 2,629,654 Educational activities 226.001 864.096 Grant making Totsl 2024 10.000 10,000 691513 1605.237 3,303,750 29

ORCHESTRA OF THE AGE OF EMLIGHTEMMENT IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 8. Analysis of expenditure by aetivities Activities undertaken directty 2025 Support 05ts 2025 Total funds 2025 Concerts 2.842.814 215,865 3.058.679 Educational activities 608.808 106.859 715,667 Grant making Total 2025 5.000 5,000 3,456.622 322.724 3,779,346 Acti¥itie5 undertaken directly 2024 Support costs 2024 Total funds 2024 Concerts 2.421.969 207,685 2,629.654 664,096 Educational ¥livities 564.762 99,334 Grant making Total 2024 10.000 10,000 2.996.731 307,019 3.303,750 Analysis of support costs Total fvnds 2025 Concerts 2025 Education 2025 W4es and salaries Social security c051s offi￿ rent and rales 30,572 15,134 45,7C 3.370 48,368 1,668 5,038 23,943 72,311 Office facilities 20.682 1 0.239 30,921 56.580 General adminislralive costs 37,846 18.734 Professional and I￿al fees Audit and Accountancy fees Bank Gharges and finance costs Depreciation and revaluation Governance costs 1.460 723 2,183 27,419 18.340 9,079 9,178 4,543 13,721 24,022 22,027 11,892 35,914 10,904 32,931 Total 2025 21 S,865 106.859 322,724 30

ORCHESTRA OF THEAGE OF ENUGHTENMENT IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS ICONTINIJED FOR THE YEAR ENDED 30 SEPTEMBER 2025 B. Analysis of expenditure by activitres (continued) Analysis of support Costs {¢ontinuedl Total funds 2024 Concerts 2024 Education 2024 Wages and salaries Office rent and lates 30.605 44.CQ1 14,638 21,045 9.513 45,243 65,046 Office facilities 19,889 29.402 General administrative costs 50,033 23,930 73.963 Professional and legal fees Audit and A¢counlarKy fees Bank charges and finance costs Depreciation and revaluation Governance costs 2.432 1,163 3,595 13,797 5,763 24.866 6.599 20.396 2.757 8.520 11,893 36,759 24,095 16.299 7,796 Total 2024 207.685 99,334 307,019 Support wsts ￿l(￿ted to costs of rai&ng *Jnds totafied £95.373 {2024: £109.815). Total suppcxt costs for the year were £322,724 (2024.. £371.5911. Support costs included within tharitable acb.wty cosls in 2025 totall￿ £227,351 12024.. £261,776) of which £154.90712C124' £177,080) %Yas allocaled to (￿lcertS and £72,44412024". £84,696) lo edueational activities. Support Gosls have been allocated * percentsge rates of 29°A {Fundraisirw3 costs), 48% (Concerts) and 23Q (Educational acb"vib"esl. vthich is consistent wrth the use of the resources 12024.. 29%. 480A. and 23% respeclivelyl. Total dèpreciation for Ihe year ended 30 September 2025 Yra5 £35.914 (2024.. £55,792). 9. Auditors. remuneratlon 2025 2024 Fees payable lo the Charity's auditor for the audit of th@ Charity's annual accounts 25,000 24,000 Foes payable lo the CharÉty's auditor in respect ot. All non-audil service5 not included above 4,500 4,000 31

ORCHESTRA OF THE AGE OF ENLIGFrrENMENT (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 10. Stsff costs Group 2025 Group 2024 Charlty 2025 Charwty 2024 Vvages and salaries Social security costs Contribution lo defined contribution pension schemes Freelance individuals 850.020 790.087 850,020 106.549 790,087 83.862 106.549 83,862 43.971 41,111 43,971 41.111 n.687 76,482 72,687 76,482 Total staff costs 1.073.227 991.542 1,073,227 991,542 Total staff costs of £1,073,22712024.' £991,542) have been allocated lo costs of r8i5ing voluntsry income £317,16912024. £293,029) and lo charitable actNities £7￿.058 {2024. £698,513} The average number of persons employed by the Charity during the year was as follows.. Group 2025 Group 2024 No. Fundraising Management and administrative staff Total 14 14 18 18 The number of employees whose employee benefits lexduding employer pension costs) exceeded £60,000 was". Group 2025 No. Group 2024 No. In the band £60.001 - £70.000 In the band £70,001 - £80.000 In the band £80,001 - £90,000 In the band £90,Q01 £100,000 In the band £100,001- £110.000 Freelance individuals are engaged by the tharity from time to time lo prowde assislance projects. They are self-employed and are not i￿luded in average stsff numbers. 11. DirectoTr and Key Management Personnel remuneration Key management personnel for the Group and for Ihe Charity are the same and have been detemiined to be th8 Senior Management Team. See page 3 for a list of members of the Senior Management Team. 32

ORCHESTRA OF THE AGE OF ENLIG￿￿ENMENT {A Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMETrtrs IcoptriMUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 11. Dlrectors and Key Management PeT50nnel remuneration {¢ontinued) Group 202S Group 2024 Remuneration 574.935 500.770 No olher remuneration. apart from as discjosed in N>te 22, was r￿￿Ved by a director or CoM￿ted party during the year12024'. £nil). ND expenses {2024- £nil) were ￿lMEXI[Sed lo any directors during the year. The Arbcles of Assoualion of the Orthestra pemiit the Director5 to retsive remuneration for certain services, which overrides the restrtction in the Charities Act 2011. All such SeM￿S are paid at rates in line with or below those which wcyjld be paid to an inckpe￿aenI supptier for those semces. 12. Tangible fixed assets Group tangible fixed assets Long-tsrni leasehold Office Computer property equipment equipmenl In$truments Total Cost or valuation Al 1 October 2024 168.178 130.802 32,791 46.750 378.521 Additions 537 7.025 7,534 15.096 At 30 September 2025 168,715 137.827 40.325 46.750 Deprocla￿on Al 1 Q¢tober 2024 100.563 79.464 26.840 206,867 Charge for the year 29.201 21.287 2,848 53,336 At 30 September 2025 129,764 100.751 29.688 260.203 Net book value At 30 September 2025 38.951 37,076 10.637 46,750 133.414 AI 30 September 2024 67,615 51.338 5.951 46,750 171,654 33

ORCHESTFiA OF THE AGE OF ENLIGHTENMENT IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (COPrnNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 12. Tanglble flxed assets Icontlnued) Charity tangible fixed assets Long-temi leasehold Computer property equipment equipment Instruments Total Group and C05t or valuation At 1 October 2024 168,178 130.802 32,791 46.750 378.521 A(Idilions 537 7.025 7.534 15.096 At 30 September 2025 168,715 137.827 40.325 46,760 393.617 Depreclation At 1 October 2024 100.563 79.464 26.840 21A.867 Charge for the year 29.201 21,287 53.336 At 30 September 2025 129.764 11JO.751 29.688 260.203 Net book value At 30 September 2025 38.951 37,076 10,637 46.750 133.414 AI 30 Seplwnber 2024 Charlty 67.615 51.338 5.951 46,750 171,654 The office equipment and ccxnFMrterequipment is used in the ￿lmInIstration ofthe charita￿e company's activities. In respect of assets slated at valuation. Ihe keyboard5 were valued al a olrrent market value of £38.000 {2024.' £38.0001, the piccolo was valued at a Current market value of £1,25012024.' £1.2501. the cor anglais at £4,000 {2024_' £4.OOJI and the bassoon at £3,500 {2024". £3.5Crf)} . The Trustees are not aware of any other material changes Sin￿ the L8st valuation.

ORCHESThA OF THE AGE OF ENLIGHTENMENT IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEfv1ENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2025 13. Fixed asset investmènts Cost or valuatlon Net book valuè Investments in subsidiary companies At 30 September 2025 At 30 September 2024 100 100 100 100 The Charity owns 100% of Ihe ¢ydinary share ca￿tal of OAE PrrKluc*orts Ltd (Company number.. 09789990 and registered office: Acland Burghley School. 93 Burghley Road. Lond¢)n. NW5 1 UH). The fin8ncial results for the year erKted 30 September 2025 were.. Loss after tax relief Aggregate capltal and reseNes Tumover Expgndllure OAE Productions Ltd 283 {263) 28,291 The finanaal results for the yearended 30 September 2024 were." Profrt after tax relief Aggregate capital and reser¥e5 Tumover Expendmure OAE Productions Ltd 850 2.355 1.505 28,574 14. Debtors Group 202S Group 2024 Charity 2025 Charity 2024 Due viithin one year Trade debtors 201,406 305,517 201.406 305,517 151.658 Amounts Dwed by group undertakings Other debtors 1.579 1.579 1,579 1,579 316,768 Prepayments and accrued income Tax recoverable 175.902 316,768 522.379 175,902 741,664 741,664 522,379 1.297.901 Total 1,120,551 1.146,243 1.120.551 35

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE Y&4R ENDED 30 SEPTEM8ER2025 15. Creditors: amounts falling due vlithin one yèar Gwoup 2025 Group 2024 Charlty 2025 Charity 2024 Trade creditor5 127,178 175.724 127.178 173,478 Other taxation and sooal seojrity Amounts owed to group undertakings Amounts owed to assocyate 111.5 111.182 111.556 111.182 28,191 41,878 48,000 69,713 41,878 23.856 69,713 ¢)ther creditors 12,979 254.326 23,856 12.979 Accruals and deferted income 300.357 30Q,356 252,826 Total 604.825 623.924 633.015 668,178 Deferred Income Deferred iwome relales lo concert b.cket income has beèn received in advan￿. and to grants spanning the year end for which the ￿rreSpOnding ath.vity has not yet occurred. 2025 2￿24 Deferred income Brought l(Kward at 1. October 2024 Released in year Additional deferred income recognised in year Carried forward at 30 September 2025 110k {1(bk) 189k 193k 150k 1146kl 106k 110k 16. Financlal Instruments Group 2025 Group 2024 Charfty 2025 Charity 2024 Financial assets Financial assets measured al amortised cost 465.836 484,924 617.658 636.582 Total financial assets 465.836 484.924 617,658 636.582 Financial liabilities Finan¢ial liabilities measured at aM0￿"sed cost 1280.3921 1378.9221 (328,3921 1423.1761 Total financial liabilities 1280,3921 1378,9221 1328,392) 1423.1761

ORCHESTRA OF THE AGE OF ENUGHTENMENT IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS ICONT]NUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Financial instruments Icontinued} Financial a55ets measured at amortised cost c¢)mprise of trade debtors. amounts owed by group undertakings, accrued income and other debtors. Finaneisl li8￿1￿be$ measured at amortised cost comprised of trade creditors, amounts owed lo group undertakings. amounts owed to associates. ar￿￿lS and other crwj1t(￿. 16. Penslon commitments The group contributes to a defined contribution pen￿(￿ ￿heMe. The assets of the stheme are held separately from those oflhe grrAJp in an independentty administered fund. The ￿nSIOn cost charge represents contributions P8y8ble by the group to the fund and amounted lo £43,971 (2024". £4Q.6311- No Outstandi￿ contributions (2024.. nil} were payable to the fvnd at the balance sheet date_ 17. Operatlng lease commitments AI 30 September 2025 the Group the Charity had C(￿MI￿ents to make ftrture minimum lease payments under non-cancellable operating leases as follows". Land and buildings 202S Other assets 2025 Total 2025 Group and Charlty Not later than one year Total 64.496 2.289 66,785 64,496 2.289 66,785 Land and buildings 2024 Other assets 2024 Total 2024 Group and Charlty Not later than one year Lalei than one year and not later than five years Total 62,315 3,789 2,289 66,104 49,025 46.736 109.051 6,078 115.129 Lease payments re￿nised as an expense in the yeartotalled £66.785 (2024.. £68.4381. 37

ORCHESTRA OF THE AGE OF ENLIGHTENMENT IA Company Llmitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS ICONTtNUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. Statement of funds Current year Balance at 1 October 2024 Balance at 30 September 2025 Transfers in I lout) Losses Income Expendityre Unrestricted Desrgnated funds Revaluation reserve 19,217 660.000 23.551 19,217 660,000 ReseNe fund Capital prliect fund Education fund Total desrgnated reserves 123,551) (7.463) 11,537 4,074 714.305 131.0141 683.291 General funds General funds 464.516 3,427.553 {3.598.8361 118,744) 274,489 Total unrestrlcted funds 1.178.821 3.427.553 (3.629.850) 118,7441 957,780 Restricted funds Concert activities 78.176 {92.785} (499.901} {8,7861 18,744 4,135 2,096 Education projects ca￿tal fund Total restricted funds 501.997 68,599 59,813 66.044 68.599 580.173 1601.472) 18.744 Total funds 1.247.420 4.007,726 14.231,3221 1.023.824

ORCHESTRA OF THE AGE OF ENUGHTENMENT IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS ICOltnNUED} FOR THE YEAR ENDED 30 SEFfEMBER 2025 18. StatÉment of funds Icontinuedl Prior year Balance at 1 October 2023 Balance at 30 Sgptember 2024 Transfers Gains 1 in I lout) {lossesl Income Expendlture Unrestri¢led Deslgnatéd funds Revaluation reserva 21.317 12.100) 19,217 Reserve fund 660.000 660.000 Capital prqect fiJnd Education fund 48,665 125.114) (t.4631 131577 23,551 19,000 11,537 714.305 Total deslgnated reserves 748.982 12,100} General funds General funds 219,899 3.[￿7,556 12.793,643} I29.2￿} 464,518 Total unrestrlcted funds 968.881 3,087.556 12,826.220) 129,296} 12.100} 1,178.821 Restrlct9d funds Concert activities 241.918 1271.214) 1635,299) (6.401) 19119141 29.296 Education projects Capital fund 130.374 504.925 75.000 68,599 68.599 Total restricted funds 205,374 746.843 29.296 Total funds 1.174.255 3.814.399 13.739.134) 12,100 1,247,420 Designated Funds: These comprise amounts which Ihe charity has set aside forlhe following specjfic purposes.. Revaluation reserve". The revaluation reserve was created by the revalualion of instruments in 2002 al open market value by various membets of the orchestra. directors arvj employees familiar wth market values of the instruments in question. This reserve is inixeased I decreased when the instruments are revalued. Reserve fuThJ.' Funds held to cover the aM￿JnI identified in the charity's reserves policy slètemenl. Capital project fijnd.. Funds hel¢J relating to the office leasehold impTovernenls. This fijnd wll teduce by the value of annual depreciab.on eharge for lèasehold improvements over the nexi four yèats. Educal'on fund.. Funds set asi[* for future education projects including the ABS edu¢2b"onal projects and the commercial edLK8b"on81 pikjl. 39

ORCHESTRA OF THEAGE OF ENLIGHTENMENT IA Company Limitsd by Guarant881 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. Statement of funds (continued) Restricted Funds: These comprise (bnatiffis rewed for the speufic pffjiects that Ehe Charilable company administers. These are as kllows.. cOn￿rt activtbes" To support swific live or rectyded performances. Education projects.. To support the charity's e(luckn"on and OLrtreath work. Capital fijnds" To supFxJrt specific capttal improvements at ABS to promote improved player wellbeing and lo enhance performances, such as the pu￿hase of S￿laliSed rehearsa equipment and the storage thereof. The balance of unrestricted funds in the Charity's balance sh￿t is £957,78012024.' £1,150,347}. 19. Fund transfers Expenditure during the year on GorKert activbties and education projects which were partly funded by restricted inGorne exceeded that income by £18,744 and £nil12024". expenditure on ConCert￿liVitieS ancf education projects exceedéd restricted In￿Me by £29,296 and £nil reS￿¢tIvely). Transfers totalling £18.74412024.. £29,296) have thèrefore been made from unrestricted fuTrJs to restricted fuiKls in order lo meet this shortfrall. 20. Analysis of net a$$ots between funds Unrestricted funds 2025 Restrfcted funds 2025 Totrl funds 2025 TarEgib18 fix8d assets Currerrt assets 73.746 59,668 133,414 1,495,234 1.236.791 {352.7581 957,779 258,443 {252,0671 66,044 Credf(ors.' amounts falling due wthin one year Total 2025 1604,8251 1.023.823 Unr8stricted funds 2024 Restricted fvnds 2024 Total funds 2024 Tangible fixed assets Curtent assets 103,200 68,454 171,654 1.514,413 185.277 1,699.690 Creditors.. amounts falliry clue within w year Total 2024 1438.7921 1.178.821 1185.1321 68.599 {623.924) 1.247,420 40

ORCHESTRA OF THE AGE OF ENLIGHTENMENT (A Cownpany Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS ICONTIMUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 21. Transactions wlth related partles During the year musician fees and sJari&s for martagement seNices were paid to the following Ttuslees and other ￿ated parties. Management services 2025 Management services 2024 Musicians fees 2025 Musicians fees 2024 A Bellamy A Bending C Bruggemeyer C Forbes 21,026 24.095 32,453 1.604 42.956 28.184 2.228 17,980 16.155 D Edgar A Roberts 28.654 23.191 1.337 K Spencer C Slicher 18,492 17.513 14.837 2,228 2,005 33.333 C Woodhead 120,833 120,000 Total 117.967 200,902 120,833 129,402 At the balance sheet dole, trade creditors indude the follthying amoutts due to Truslees and other relat￿ parties.. 2025 2024 A Bellamy A Bending C Bruggemeyer D Edgar C Forbes 2.1NJ9 220 3,144 2,667 648 2.421 1451) 1,604 660 A Roberts 1.337 K Spencer C Sticher 2.188 2.435 1.686 1,855 Total 9.457 12,966 The amounts due to Trustees and other related pa￿'eS are in relab.on to musicians. fees. instrument Iranswrt and tuning faes, and fees and exp￿Se5 Incurred as members of the PlayersArbsts"c Committee. 41

ORCHESTRA OF THE AGE OF ENLIGHTENMENT {A Company Limited by Guaraniee) NOTES TO THE FINANCIAL STATEMENTS {¢ONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 22. Transactions with related parties Icontlnuedl Durir¥J the year the charity re￿iVed donats.ons of £110.(#)012024: £123.1381 from the Orchestra of the Age of Enlightenment Trust a chanty of whth I CharKon-Edwdrds and A Frost a￿ Trustees. DuriThJ the year donations received r￿M Trustees and other reLryted parties totalled £189,848 {2024'. £177,149). During the year, consideration received from TTUStees in respEd of tickels for concerts and other fundraising events was £12,7D7 {2024-. £8.709). Al the year end. an amount of £29.181 was due to OAE ProduGtions Limited l{2024." £151.658 due from OAE Pioductions Limited). Al thè balance sheet dale. an amount ol £nil12024.. £48.000) was due lo OAE Produetions Limited in respect of the acquisition of tangible fixed assets. Thesè amounts are unsecured. interest free and repayable on demand. 23. Reconciliation of net movemenl In funds to net cash flow from operating activities Group 2025 Group 2024 Charity 202S Charity 2024 Net movement in fvnds las per Statement of Financial Activiliesl I223.5￿) 73.165 1223,213) 74,671 Depreciation charges 53.336 55,792 53,336 55.792 Losses on revaluation of fixed assets 2.100 2.100 Dwidends. interest and rents fr¢)m investments {12.168) {12,4401 112,168) 112,440) Increase in amounts due from group undertakings 4761 Ilncreas?) I decrease in debtors 25.692 {142.5441 177.530 1234,5081 Increase I Idecreasel in ueditors {19.0991 107,246 135.1631 107,425 Net Ga5h provlded by I (used in) operating activitles (175.8351 83,319 {39.6781 (7,4361 42

ORCHESTFIA OF THE AGE OF ENUGPffENMENT {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMEpifs ICONTIMUEDI FOR THE YEAR ENDED 30 SEPTEMBER 202S 24. AnalysEs of cash and cash equivalents Group 2025 Group 2024 Charlty 2025 Charfty 2024 Cash al bank and in hand 374.684 553.447 374,684 417,649 Total cash and cash equivalents 374.684 SS3,447 374.684 417.649 25. Analysis of changes in net debt At 1 October 2024 Cash flow5 At 30 September 2025 Cash at bank ané in hand 553.447 1178,763) {178.763 374.684 Total SS3,447 374.684 43