Wllllam Peter WeatherMI I, Milfoll Avenue )nlburrow. Mllton Keynes MK14 7DY Tel 01908 675146 onernllfoil.c( eterw Inde￿deTht examln*s report to the Trustees of the Palton Keynes Slnfonla ( The TNst I I report to the charity trustee5 on rny examinati(￿ of the accounts of the Trust for the year ended 31 Au8USt 2023 Responslbmlty and basls of the report As the trustees of the Trust. you are re5pon5ible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment IS¢otlandl 2Q)51 the'2005 AcVI.-, the ChaTltles Accounts (Scotlandl Re8ulatlons 2006 las mended), and the Charities Act 20111 the'2011 Act). You are satisfied that your charity is not required by charity law to be audited and have thosen instead to have an independent examination. I report in respect of my examination of the Trusys accounts carried out under section 4411) Icl of the 2005 Act and sertion 145 of the 2011 Act. In carrying out my examination I have followed the requirements of Re8ulath?n 11 of the Charities Accounts I Scotlandl Regulats'ons 20061 as amended l and all applicable Directions given by the Charity Commlssion under sertion 14515llbl of the 2011 ACL Ind•p¢ndent •x•mlnerfs statemmt I have completed my examination. I conflrm the NO motters have ¢¢me to my attentlon 8lvln8 me cause to believe that In any material respect ,' accounting records were not kept as required by sectbon 44 Illlal of the 2IyJ5 Act and Regulation 4 of the Charities Accounts I Scotlandl Regulations 2(K16 las amendedl and section 130 of the 2011 Act: or the accounts do not accord with those records: and the accounts do not comply with the accounting requirements of Re8ulation 8 of the Charities Accounts (Scotlandl Regulations 2006 las amended). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsndin8 of the attounts to be reached. 518ned William P Associate of the Institute of Bankers l Milfoil Avenue. Conniburrow. Milton Keyn￿. MK14 7DY Dated l. IZ .2013 er Weat ## **Trustees’ Annual Report for the period** ## **From 1[st] September 2022 To 31[st] August 2023** ## **Charity name: Milton Keynes Sinfonia** ## **Charity registration number: 296360** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The object of the orchestra is to enable
musicians in the local community to come
together to practice orchestral music and
perform publicly in the Milton Keynes locality.
To promote the pleasure gained from
communal music making and to encourage its
benefits for all; performers and audience alike.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Performance of three main concerts (and
additional performances as agreed by the
managing committee of the orchestra) each
year.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Contribution made by
volunteers|Para 1.38|The managing committee comprises 12
volunteers who manage the activities of the
orchestra.| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The orchestra performed three main concerts
and resumed the smaller chamber concert for
the first time since Covid.
The orchestra broadened its programming by
performing music to celebrate John Williams’
90thbirthday and attracting new audience
members, while also promoting relatively
unknown English works such as Moeran’s G
minor symphony.| ## **Financial Review** Review of the charity’s Para 1.21 See financial report below financial position at the end of the period ## **Financial report for period 2021-22** Between 2019-2022, the orchestra’s reserves dropped to £8,000, due to the purchase of percussion instruments and three Covid-affected years. To replenish the reserves (thereby providing security to the orchestra for unexpected events) the orchestra planned its expenditure carefully for 2022-23 through the programming committee, moving to hosting all three main concerts at the Chrysalis Theatre and transitioning from Eventbrite to Sum Up. Expenditure is rising rapidly, particularly the hire of buildings, music and printing costs. Expenditure rose in 2022-23 by over £3,000 and is expected to rise by another £3,000 in 2023-24. However, the large audiences in November and March, return of the Chamber concert and the Twinwood Festival concert has put the orchestra in a very good position to be able to resume more costly projects such as the hire of Petrushka, programming a piano concerto and putting on the Snowman concert. Please note that the income for 2022-23 includes the payment for the Twinwood 2022 (£4,800) and Twinwood 2023 (£4,800) concerts but not the expenditure for Twinwood 2023 which will fall in the 2023-24 financial period. |**Income**|**2021-22(£)**|**2022-23(£)**| |---|---|---| |Members' subscriptions|7,310.00|7,600.00| |Patrons|1,036.00|1,090.00| |Tickets|2,825.51|5,339.32| |Programmes|401.01|306.61| |Refreshments|64.60|546.50| |Twinwood|0.00|9,600.00| |Gift Aid|1,500.19|1,661.85| |Grants|0.00|300.00| |Other|1,644.07|128.82| |**TOTAL**|**14,781.38**|**26,573.10**| |||| |**Expenditure**|**2021-22(£)**|**2022-23(£)**| |Professional fees|5,272.00|5,982.93| |Rehearsal venues|3,469.20|3,098.50| |Concert venues|2,340.00|2,479.71| |Music hire|1,930.21|1,789.85| |Printing (e.g. Programmes)|500.00|498.75| |Refreshments|0.00|151.95| |Twinwood|0.00|2,975.05| |Other|886.84|519.99| |**TOTAL**|**14,398.25**|**17,496.73**| |||| |**Profit/Loss**|**£383.13**|**£9,076.37**| |**Balance at end ofperiod(reserves)**|**£8,001.70**|**£17,078.07**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The orchestra’s reserves policy aims to
maintain reserves equivalent to the expenditure
of one financial year (based upon the average
of the previous three years). The average
annual expenditure from 2019-22 was £13,834,
although this includes the Covid period. The
expenditure for 22-23 was £17,496.| |---|---|---| |Amount of reserves held|Para 1.22|At the end of 2021-22 period, the reserves had
fallen to £8,001 due to the purchasing of
percussion instruments and then Covid. At the
end of the 2022-23 period, there were £17,078
held in the orchestra’s account.| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The principal sources of funds for the orchestra
are members’ subscriptions, ticket sales from
concerts and the provision of an orchestra for
the Twinwood Festival. These funds are used to
pay for music hire, venue hire and professional
fees (conductor, leader, soloists, extras).| |A description of the principal
risks facing the charity|Para 1.46|Rising costs in venue hire and music hire are
the greatest risks to the orchestra. The
orchestra needs to continue to attract strong
audiences to concerts and should plan
programmes accordingly.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Management committee comprises 12
members, appointed by the orchestra through
the Annual General Meeting. The committee
includes: Chairperson, Treasurer, Secretary,
Publicity Officer, Librarian and Patrons
Secretary, three ordinary members, two co-
opted members and the Conductor as an
honorary member. Four trustees are appointed
by the Chairperson from the management
committee, to include the Chairperson and
Treasurer.| ## **Reference and Administrative details** |Charity name|Milton Keynes Sinfonia| |---|---| |Other name the charity uses|MK Sinfonia| |Registered charity number|296360| |Charity’s principal address|106 Wolverton Road, Newport Pagnell, MK16 8JG| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or**
**body) entitled to**
**appoint trustee (if**
**any)**| |---|---|---|---|---| ||Christine Kelk|Chairperson|Since 1 September 2016|| ||Thomas Molloy|Treasurer|Since 16 June 2019|| ||Jennifer Brown||Since 1 September 2016|| ||Margaret Smith|Librarian|Since 1 September 2016|| – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** Declarations The trustees declare that they have approved the trustees. report above. Slgned on behalf of tho char5ty's Irustaos Signaturfs) Full nam•(•) Poshlon {eg Secretary. Chair, otc) C4)f ) rJ& l(ELk( 12*￿ ' AJ