2023-04-30-accounts - The Royal Tunbridge Wells Symphony Orchestra

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CHARITY COMMISSION	CHARITY COMMISSION	CHARITY COMMISSION	CHARITY COMMISSION	CHARITY COMMISSION							No (ifany)
FOR ENGLAND		AND WALES			RoyalTunbridgeWellsSymphonyOrchestra						295781
						Receipts	and	payments		accounts			CC16a
						Penod start		date			Penod end date
					Forthe period from 1st Ma		2022		To		30th April 2023
	1		1	~
						Unrestricted funds Restricted funds			Endowment funds		Totalfunds		Laslyear
						tothe nearest tothe	nearest 8		tothe nearest 8		tothenearestf		tothe nearesl f
A'I Receipts
Grant from Friends ofthe	Orchestra					15.000						15,000	33.500
Special Centenary Grant from			Friends										7,500
Donations						1,425		1,121				2.54d	li,li92
Patrons						11.250						11.250	9.757
Playing members subs						4,000						4,008	4,177
Fundraismg (+Gift Aid via	Justgtvtng)					4,620						4,628	7,268
Gift Aid						2.076						2,076	808
Advertising revenue						750						750	2,584
Advance season ticket sales						26,294						26.29	30,005
Other ticket sales						25						25
Boxoffice sales						47,202						47.202	30,260
Sponsorship incl programmes						3,500						3,508	2,000
Bank mterest						134						134
Orchestra Tex Relief via RlWSOPL						26.432						26.432	928
Subtotat(Grossincome				forA	)	142,708		1,12				143,829	133.283
A2Asset and investment		sales, (see
table).
			Sub tots
		Totalreceip				14,'7		1,1	1		-	M3,829	1,8
A3Payments
Fees conductors, players	via RTWSOPL					82,li06						82,406	72,033
Centenary activities includmg			CD			11,900						8,980	14,119
Printing ofprogrammes						1,427						1,427	5,167
Music hire via RTWSOPL						3,373						3,373	3,306
Venue hire via RTWSOPL						28.325						28,325	27.054
Marketing						4,937						4,937	11.758
PRS						2,814						2,814	2,657
Advertisements						1,691						1,691	1,570
Misc Direct Costs including		education				1.160		514				1,674	2.950
Admin						2,953						2,953	2,582
			Sub tote			140,985		51				ldlni99	143,19d
A4Asset and investment		purchases
(seetable)
			Sub tote
TotalPa)rfnen						140,985		514			-	141,499	143.19d
Netofrecefptslf			fpa)rmen			1,723		607				2,330	(9,913)
A5Transfers between funds
A6Cashfundslastyearend						17,578		2,249				19.827	29,740
Cash funds		this)fear en				19,301	2,856					22,157	19,827

		o	~			~ ~		~ ~
						Unrestricted			Restricted funds	Endowment
Categories		Details				funds				funds
						tonearest'			tonearestc	tonearestc
BtCash funds		Bank Current	Account				3,047
		BankocpogltAccovnt					14,234		2,854
					Tofafcssiffiends	19.301			2.854
		(agree	balances	with	receipts and payments
					account(a))	OK			OK	OK
						Unrestricted			Restricted funds	Endowment
						funds				funds
		Details				tonearest'				tonearestc
B2Other monetary assets
						Fund towhich	asset			CorrentvaWe
		Details				balan s			Coal (opt to nag	0 fiona
B3Investment assets
		Details				Fund towhich balan s	asset		Cost (optlonao	Current value o tiona
B4Assets retained forthe charity's
own use
						Fund towhich			Amountdue	When due (optionao
		Details				oablot relates			(o tlonao
BSLiabilities
Signed by one ortwo trustees all the trustees	on behalf of		Signature				Print		Name	Date ofapproval
						Frances			Arm atro n	04Jul 2023
						Atexandra		Dicken-Woollard
CCXXR2accounts (SS)										04Jul 2023
					Page 2

	Trustee name	Oflice (ifany)
	Ms Frances	Chairman
	Armstrong
2	Mr Andrew Muir	Deputy Chairman
3	Mrs Gale Smith	Minutes Secretary
	Mrs Alexandra	Treasurer
	Dicken-Woollard
	Mrs Anne Parker	Orchestra	Manager
		and Gen. Secretary
6	Mrs Libby	Librarian
	Summers
7	Mrs Zoe Hayward	News Editor

		~~-
		The Charity exists to promote the musical	education ofthe	inhabitants	of
Summary	ofthe objects ofthe	Royal Tunbridge Wells through the study	and practice oforchestral
charity set	out in its governing	music, in order to foster public knowledge	and appreciation	ofsuch music
document		by means of public performance.

	The Charity began the financial year with a special centenary concert	on	on
	May 1".The event was a departure from the usual classical programme,
	presenting orchestral versions of 1970s hits, with a view to bringing the
	Orchestra to the attention ofa wider public. This was followed by a
	further season of6classical orchestral concerts.
	The Charity's Education Officer was once again able to work with local
Summary ofthe main activities undertaken for the public benefit in relation tothese objects (include within this section the statutory declaration that	schools —this time three local primary schools - and to co-ordinate outreach activities. Some 400 children took part, whether listening, participating or performing. In addition, school children and students of all ages were able to attend any of our classical concerts for a flat E5ticket fee, regardless ofthe regular seat price.
trustees have had regard to the guidance issued by the Charity Commission on public benefit)	Our Trustees have remained mindful of Charity Commission guidance what constitutes public benefit, and have continued to seek ways to widen access to orchestral and classical music in the Tunbridge Wells		on
	area, in line with the Charity's core objectives.
	This year we have focussed on developing our community pages on
	social media, encouraging and enabling fellow music charities from
	across the area to publicise their concerts and other activities via our
	website, Instagram, twitter and Facebook accounts.
Additional details ofobjectives and	activities (Optional information)
You may choose to include further statements, where	All our Trustees and player members are volunteers, some acting in	a
relevant, about:	professional capacity —for example, negotiation with soloists of
	performance contracts, or placing advertising in local media.
~ policy on grantmaking;
~ policy programme related	Three Trustees also serve as directors of RTWSO Productions Ltd, a
investment;	company established in 2018to administer production expenses.
~ contribution made by
volunteers.

~	~		a ~ ~ ~
Summary	ofthe main		We began the year with a special Centenary concert, music from the 70s,
achievements		ofthe charity	which was very well attended and enabled the members ofthe orchestra
during the year			to celebrate our 100ea birthday with the community.
			We also produced and launched our first CD, recorded at the end oflast
			year, with the help ofa special centenary grant from the Friends of
			RTWSO and wider fundraising by orchestra members. Sales ofthe CD
			will help towards future fundraising, but more importantly we now have a
			quality recording ofthe orchestra to share with prospective new players
			and soloists, and to use in radio advertising etc.
			The orchestra performed its regular series of6concerts from October
			through to April, welcoming several international soloists and guest
			conductors to the town. Audience numbers rose through the season, and
			we were able to repeat last year's offer offree tickets to local NHS staff.
Brief statement		ofthe charity's	The Charity holds sufficient reserves to pay expenses anticipated ahead
policy on	reserves		ofthe following season's ticket sales.

Further financial review details (Optional information)	Further financial review details (Optional information)	Further financial review details (Optional information)	Further financial review details (Optional information)	Further financial review details (Optional information)
You may choose to include
additional information,			where	Our principal sources offunds are revenue from ticket sales and
relevant about:				donations from Friends, patrons and other supporters.
~	the charity's principal sources offunds (including any fundraising);			Ticket sales this year are higher than for the 2021-22 season, reflecting a small increase in ticket revenue from our traditional series, plus the income from the centenary concert.
~	how expenditure	has
	supported the key		objectives	Following a difficult period over Covid, we were extremely pleased that
	ofthe charity;			the rate ofOrchestra Tax Relief was raised to 50%from Autumn	2021,
~	investment policy	and		leading to the payment ofoverf26,000 from HMRC towards our	funding
	objectives including		any	this year. The Spring 2023 budget has extended this 50% rate through		to
	ethical investment		policy	31 March 2026. This has enabled us to afford recent increases in	our
	adopted.			costs due to inflationary pressures, whilst maintaining our ticket prices at
				2021 levels for a further year.
				One major donation made in 2020, ofE4,500 from the Saville Turner
				Holistic Trust, was to be used specifically for our education outreach
				activities over a three- year period. This appears in the 'restricted	funds'
				section of our cash accounts, together with further cash donations	made
				specifically to our Outreach activities through a retiring collection	at our
				December concert.