ChArl¢y i'egistt'ation llllmbei: 297852
THE LONDON CHAMBER ORCHESTRA TRUST
Trustee's aiinual report And finAiicfial statemeiits
rior the yeai. ended 30 June 2023

The Loiidon Cliamber Oi'cllestra Trust
Contents
Referenc¢ and adlliinigtrative dethils
Report of the Tiustees
Independent Exai)iii?er'$ Repoi't
Stateilleiit of Fittaneial Activities
Balanee Sheet
Notes lo tiie Fillallcial Stateinei)ts
7-12

The Loiidon Cliamber OrehestrA Trust
Referenee arnd adniinlsti'Ative details
I￿£#1 Status
Tlie London Cliaiiib¢i' Oi'cliestra Trust ILCOTI was estsblishcd undei. a Thvst Deed ill 1987 and is 2 l'egislei'ed
ch81.ity ui)dei' iiuinber 297852. Tl)e accounts coiiiply witl) tl)e Ttust rjeed, tlie Statanent of Recoinniended
Practi¢e"Accounting aiTrd Repoi'ting by Cliai'ities" ai)d tlie Cl)arities Act 2011.
Trustees
Micliael Tiininis - Cliaii. (appointed 5 Noveiiiber 20241
Gioigi Khai'azislivili (appointed l Noveinber 2024)
Els￿beth R8ff¢i'ty (appoiiited l Noveillbei. 2024)
Mai'tin Cliilds (appointed 22 FebTuary 2023)
Einily HUSb￿la (appointed 15 Novembei. 2023 and i'esign¢d 16 Febi￿arY 20241
Dr Leah Collett Broad lappointed15 Novcinbei. 2023 aiid r¢signed 16 FebiTriai'y 2024)
Dr Jessica Walkei. lappoitited 15 Novembei. 2023 and i'¢%igned 16 FebI￿AlY 2024)
PaiiletL¢ Bayley (appointed 15 Novembei. 2023 and resigiied 16 Feb11￿7.Y 2024)
Petei. J41nison {Irsigttcd 16 Feb￿￿lY 2n241
Tlie Reverand J N W8tes OBE (I'esigned 16 February 2024)
Reg%stered Office
l Green Way
Swaffli?ni
Noyfolk PE37 7FD
ManAgem¢nt of the London Chambei, OrchestrA
Tl)¢ ts'ust directly ¢inploys iio staff oi. officers.
Oversight nianagemejii of the activities of tlie Loiidon eI￿lDber Orcl)esti'a (LCO) was Inanttged by London
Chaillb￿ Society Ltd (LCSL), l Gi'een Way, Swoffliaiii PE37 7FD.
The day-to-day activities of tl)e Loiidon Chainber Oi'chestra we¥e, Inaii8ged by London Cliainber Society Ltd
{LCSL).
Banl(ei
Barclays Bank PLC
43 Higl) Sts'eel
Sutton
Sw'iEy
SMII IDR
Ind¢pertdtnt examlner
Gavin Minn5
Cleiisl)aw Miiins Ltd
24 Market Place
Swaffliain
Norfolk PE37 7QH

The Loiidon Chamber Ovchestra Trust
REPORT OF THE TRUSTEES
The Tiusteos present tlieir iEport togctliei. with tlie financsal Stratenieiits for tlie year ended 10 June 2023.
OBJEI CTIV£S AND AcfIvITIFS
Objeetive
LCOT'S niain objective is to pi'oijiole c112niber niUSkC and music educfjtion titrough the LorAdoii Cliambei.
Olcliestra {LCO). A8 Iloted above. Inanagcinei)t of the d&y-today actiVLties of LCO is undeLtakell by LCSL.
Resouites spent by LCOT in furthmnce of the eore woi'k and p￿fOr1nallC¢ of LCO 2]no￿￿ted to £120,715 of
tlie total outgoillg i'esources in tlie yeai. (2022-£386,500).
Publlc bettefit
The trustees have taken a¢couiit of Charity Coinmissioll guidance public benefit. By suppoi'ting tl)e activities
of LCO, tlie Trusi delivers public benefit tllrougli tl)e presentation of Lx>i)don conc¢rts by LCO.
AetiVLtles and Misslon
LCO'S aini is to prcgent orclie%LI'al music itt & way tliat enables audience to discover soiiietbiiig fresl) ai)d
vital in the iJiusic, wliethei. tliey are a fii'st-liiiie list¢n¢r oi ali exp¢i'ienced aficionado. Key to tlJis is ai'tislie
excellence, but Iliat is matched by a desire lo niake th¢ audience feel includcd in il)e perfoxmai)ce.
LCU also recognises the import2tt1 yole musl¢ can play In eduuxlivii. LCO fvSusii Jiuictioji bi"iDgs ttsgctllcryoutig
people fi'om YeLy varied baclcgrounds aiid aiills to pkoirtote confiden¢c, iiurturc s¢lf-e%teeiii and encourage
participallts to develop i'espect foi. tlianselves aiid einpatliy for otliers witliiii theii. wider coinlnunities. This is
acllleved tI￿Oug1] ci'tative and pai'ticipatory Inusic iiiaking.
AREFLECIION ON ACHIEVCI MKNT AND PERFORMANCE
On 19 Mairh 2024 tlie Cliief Executive Officer of Tiie LoDdot] Cli&mber Society Ltd- Mi's Jocelyn LigliLfoot
i¢ssgned. Froni tliat day fOrW￿.d all activities and rtianagenient of the company wag sllspeiided.
ri UNDIUISING AND SUPPORT
LCOT raised £134,669 duripg die 2022123 season.
Tlie LCOT wEslies to ackiiowledge tlie supporl of tl)e following Trusts aijd Foui)datiotss over tli¢ seasot).. tlie
Jol]n Lyon cl￿rIty, the Pi'okopenya Family Fouiidation attd the Julia and Hans Rausing Ti'ust.
We niiist also give tiiai)ks to oui. loy&l"faniily" of individual siipporlers, n)aiiy of whoni have pi'ovided
invaliiabl¢ financi81 aiid othei. support ttr LOC ovei. many yeai's.
FINANCIAL REVIEW
Dui'ing tlie yeai. LCOT bas SUPPDrted the work of LCO, includiiig its eominunity and educatioii pi'ojeci LCO
Music Juiiction, as well a5 tlicii. onlijie Collcert s¢i'ies fi'on) Cè)dogan Hall and St. JOI￿ Siiiitl) Squai'e.

The Londort Chambei. Oi'ehestrA Tj'iist
Repoi't Df tlie Ti'ustees eont.
Tlie compat)y is entitled to claiill gift aid froin H M Revenue & Cuslon)s for dollations received froi
Endividuals. 'ri)e last claiiii inade was for donations received up until 26 Jutke 2019
Reserves policy
LCOT has histoi'ically raised funds for specific causes and not eonllnitted itself to gi'ants prior t(k raisiiig
sufficient incoine. Accordingly, Llic Ti'ustees, policy lias been to i'elast] sufficieiit reseNes to inect cojnmitted
grants and oijgoiiig adinii)ist¥ation ¢xpciwes, Given tlie shoi't iiEne fi'alne for liolding ￿nds, tlle Tnislees liave
kept tliese funds on bat￿ deposits and luve not invcst¢d tlicse funds in r￿ed inco￿e securities of Equity
investtneiits.
STRUCTURE, GOVERNANCE AND MANAGEMEI NT
LCOT is an unincoipoi'oted oharity niiinber 297852 cl'eated by and opeFatÉng uiider tlie tei'ms of a Tvust Deed
daled l Oelobei. 1987.
LCOT Ilas no employees, and tiie LCO'S day to day activities are llhdertakcii by Lolldon Chamber Society Ltd,
wliicli operates as 'Londoii Cliainbei. Oi'cliestl'8. Tliese octiyities iiiclude fvttdrais'ii)g and commei.cial activities
iii coimectioii witli tlit deliveiy of concei't pei'fonnances and tlie delivery of LCO'S LCO Music Juiietioii
outreach pYogiYniiMe.
RESPONSIBILITIES OF THE TRUSTEES
Tlie Trustees air Jesponsible for prepai'ing tlie Aniiual Report and FinÈNcial Statellientg ill aecoi'danee with
applicable law and Uiiited Kingdoin Accounting Standards (Unit¢d Kiiigdoiii gend'ally aLcepted LtcLouoting
pi'aotice).
Cliarity law requires the Trustc¢s to pi'epai'e financial stateiments for each finaiicial ycar wliich sliow a liue ￿ld
fail view of tl)e State of affairs of tli¢ cljai'ity as al tlic end of tEie fjnancial yeaT and its fill&i)aial aeiivities for that
y¢dr. In pi"epaiing tIIub¥ fliian¥￿￿l blaL¥IiirIilb, Ili¥ Tiu¥Lx¥ i¥qLiiif411v".
Malce judgeinenls and estllnates that al'e responsible and pi'udent
Select suitable accounting policie5 and tlien apply tlieni ¢onsistently
Obsei've tlic iiiethods alld PTihciples iii tlic Cliarities SORP
Stale wli¢tl)ci' applicable UK Accouiiting Standards liavc bc¢n followed, subject to aiiy inaterial
depa1.￿r¢S di%Llosed aiid explained ij) tlie finaiicial stateinents
Pi'epai'e t]ie finaDcial stateiiienls ort the going concei'n basis unless it is irAappi'opi'iate to preswiie tliat
tlie ¢hai'ity will continuc in operational ttxisten¢e
Tlie TNstees air irspon5ible foi. keq)ing propel. accouiiting I'ecoi'ds whtcli disclose witl) i'easoi)able
accuyacy at any tiJn¢ tbe flliancial position of tlie cl)arity and to enable tlieiil to ensui'e tliat tl)e financial
stateinents comply witli tlie clial'￿tIeS Acts 2011. TJLey are also i'e5ponsible foi. saf¢gi￿rdIng llie asscts
of tl)e c￿￿'1ry and lience foi. taking irasollable steps for the pievenuon ènd del¢clioi) of fraiid and othei.
ill'e￿lIar1ties.
By oi'dei. of the TrusTr
Marlin Cliilds (On belialf of tile Board of Trustees)
Date

The London ChAmboi' Oi'ehesth'll TA'USt
Independent Ei xaminei s Repoi't to the TE'ustees of tl)e
Lojidoll Chambei. Orchests'a Trust
i'epoi't on the aecounts of Th¢ London a)aiiibeL Orcliestya Trust for the yeai. aEded 30 June 2023, wlii¢h are s¢t
ollt on pagcs 5-12.
This i'eport is inade solely to tlie trustees, as a body, in accordallee witl) I'egulations nwde wider Section 154 of
ie Cliai'ities ACL 2011. My exanitnation l)as beeJ undertaken so tli8t l inight state to tlie ttustees tliose Inallei's I
ain itquired to state to diein in an ind¢pendet)t examiller's iiport attd foL no Othei. purpose. To tlie fvllest extent
peimiited by law, I do noi acc¢pt or assuine responsibility to Anyone otlTrer tliaii the ttvstees as a body foi. Iny
indepetideiit txaiiiination, foi. tliis report, oi foi" tlie opinions I l)av¢ forii)ed.
Responsibllities and basis of i'eport
As the cliarity's tiv8tees yoii are i'¢sponsible foi the preparation of tlie account¥ in accordance with tl)e
ieqiiit-cincnts of tlic Cliariti¢s Act 2011 {'tiie Act,).
l i'epoit Én my respect of iiiy exainination of the clthrity's aceoiints Carri￿ out ui)deL SWtioii 145 of tl)e Act and
in can'ying out niy exatnillation I have followed all tlie applicable Directio1)8 given by ￿le Cliaiity Cominission
undei. section 145(5)(b) of the Aet.
Indci)endenÉ exam5neTr"s stitement
Siiice the cliarity's ￿'oSS iiicoille exceeded £250,000 youi. cxaniinei. Inust be a nlember of a body listed in
Se¢tion 145 of 'thc Act. I coiifll'lli that l ain qualified to wideltske tlie exaii)ination because I ani ft nieillbet of tlie
Institute of Charteitd Accounts ill England at]d Wal¢s, wliich is one of the listed bodies.
I have compLeted illy exainination. I confirin that iio Inatoi'ial matters l)ave coiiie to Iny attention in tlie
coimection with ihe exaininaiion giving ine cause to be]￿eve tliat in any iiiaterial I'espe¢t.'
accouiitinE recoi'ds weie not kq)t in respect of Ilie charity as required by sectioii 130 of die Ac(s'. or
the 2¢COUllls do i)ot accord witli those records.. or
tlie a¢counts do i)ot Comply witli tl)e applicable reqiiii'ements concei'niiTrg the forin and content of
4c¢ount5 set out in tlie Charities (Accounts aiid Repoi'tsl R¢gulalions 2008 otliei. tliai) any Yequii'ell)ent
that tlie acGounts give a 'knie alld fail. view, whicli is not a inattei consideied as part of die independeiit
exaiiiin&tioll.
On 19 March 2024, tl)e Chief Executive Officei. of Tlie London Cliambei. Society Ltd resigned, All activities
and inanagenient tsf tlie eoinpatty wei'e suspendcd fi'om tlieii on.
Gavin Minn8 FCA- Charleiyd Accountant
Date

The Lolldon Ch&mbei' Oi'ehestra Trust
St&tem¢tst of FIMaii¢l81 Activities
Year Ended 30 June 2023
2023
2022
Uni'e5tvitted
Funds
Restricted
fuiid5
Total fullds
Total fvnil$
Note
Incol￿e
Doiiations
43,176
14
91,493
134,669
14
305,102
Investineiits
Total Incoin¢
43,190
134 683
305 102
I xpenditut'e..
Cl)aritable acliVitiG8
17.119
103,596
120,715
1,987
49.039
386,500
2,622
Otlier costs
Exceptional itenis
Total Expertditui'e
1,987
68,145
103 596
171,741
389 122
Net ineom&l{expenditure)
Trai)sfei's between funds
(24,955)
112,103)
(37,058)
(84,020)
Nee movement In Funds
124.955)
(12,103)
{37.058)
(84,020)
Reconciligtlon of Fllttds
Fuiids bi'ouglit foiward
48,624
60,727
k44 747
Funds carried forivards
718
23,669
60.727
Tliere w&s no income ￿. expetjditure in eitha. of the above years otlieL tliall tliose shown IL) tl)e stateinent above.

The Lojidon Chambei. Oi'chestr
Balanee Sheet a5 at 30 June 2023
2023
2022
Note
Cui'i'ent Assets
Debioi's
Cash at baiik
49,039
28,547
63,967
Credltors: Amount5 fallinE due withill onc yeai.
Creditoi
Accrual8
Net Cllrient Assets
23 669 60 727
Repi'esented by-
Restri¢ted fLinds
Um'estt'ict¢d fi￿dS
12,103
23,669 48,624
Total Charlty funds
23 669 60 727
Approved by the board of tsvst¢¢s and sigiied on its beltslf by
Mai'till Childs (Chair)
Dat

The Loiidon Chamber Orchesti'a Ti'ust
Notes to the Flnai)cig1 Statements Cov the Year Ended 30 Julie 2023
l.Accounting polleies
) Basls of prep&ration
The fittanci&l stateinents have been prepaied undei. the liistori¢al cost cot)vention and in accordan¢e widj die
sccond edition of tlie Cliai'ities Stalem¢nt of Recoimnended Praetise issued in Octob¢r 2019, tlie Fiijaiicial
Repoi'tiiig Standird applicable in die UK and tlie Republic of Ireland (FRS 102) and tl)e Cliariti¢s Act 201 l. Tlie
ClJaTity lias applied Update Bulletift l and does not include & ¢a81i flow stateinent on the grounds tl)at it is applying
FRS 102 Section IA,
The constittites a public benefEt ¢ntity as defined by FRS 102.
b) lrtcome
VoIuntary inconie includillg donations, gsfts aiid legacies gi'attts Iliat provide col't fvnding oi. al'e of a gena'&l
ntitui'e al'e r¢cognÉsed wlicl'e tlid'e is erttitlement, cei'laiiity of i'eceipt and the amount can be nie2sui.ed with
9ufficieRt I'eliglbility. Su¢li income is only defeA'i'cd wlien..
Tlie donoi. sp¢¢ifies tliat th¢ giant oi. doiiation n)ust oidy be used in futyiE ac¢ounting pei'iods.. oi.
T]Le dotlQL lias itiiposed conditions wliieh must be iiiet before tlie ¢liaYity lias unconditional elltitleillent.
Inves¢inent ineome is recognised oi) a I'eceivable basis.
Incoille fiDin clioritabl¢ activities includes illcoine I'eceived under Contact oi. whei'e entitletnent to gi'ant fiiiding is
subjeGt tts specific pei.foYinance conditions is re¢ogi)ised as e￿￿ed la i'¢lated goods oi. swvic¢8 aiE provided).
Gi'ant illcome included in tliss calegory pix)vidtt ￿ndIllg to suppoi'tperfoiinance activities and is reeognis¢d wlitie
dicre is entidenient, certainty of receipt ￿ld the aiiioiuit cali be measured witb suffL¢Lent i'eli&bility. ￿1¢0]￿¢ is
defefl'ed wlien..
Admission fees oi. perfonnance i'¢lated grants al'e i'eceived in advAn¢e of tlie perf0M￿nceS or ¢v¢nt to
wliicl) th¢y relate,
e) Volunteers A]Jd donated sei'viees facllltles
Tlie value of #ervices provid¢d by volunte¢Ès wlio assist at conceLts is not iiicoi'poi'ated inro these fiDancial
stateinellts.
d) EypendÉÉui-e
Liabilitics ai'o i'ecognised as expendituir as sooii as Iliei'e is a legal OL Coll￿tructIve obligatLOIi COllllI)itting die
cliarity to tliat ¢xpendityi'e, it is pi'obable tlial settleinent will be i'equii'ed, Bnd the &mount of tlie obligation can be
Eneasured I'eliably,
All expenditure is accounted foi. acci'uals bllsis. AIS expenses including support costs and governan¢¢ costs
ate allocatrd oi. apportioned to tlie 8pplic&ble expendituit headings,
Wl)a'e dona¢ ot)s Bre received foi. a particular pivject tiiey di'e allocated to a L'estrieted fund and expenditui'e
iiicuiyed is applicd against die fund.

The London Cliambei. Oi'chesti'a Trust
Notes to the fiinanclal Statements for the yeai. trtded 30 Jurte 2023 eoiit.
2. Donations Receivcd
2023
2022
UNRESTRicfED DONATIONS
Beiiefacloi-.8 Oilier doi)ations
43,176
23,728
RES'IRICI'LD DONATIONS Pi'omotlon of London
Chamber Orchestra
llldsvidual donatigns
91,493
281,374
Total Donations
134,669
305 102

The London Chamber Orchesti'a Ti'ust
Notes to the fÉn8ncial Statements for the ye4r ended 30 June 2023 cont.
3. Investment Income
2023
2022
Bank Intcr¢st i'eceivable
14
4. Cliaritable Aetfivitles
2023
2022
Coiiti'ibutions to tlie cost of Loi)don Chainber Orchestra
120,715
386,500
120 715
386500
5. Otliei. Costs
2023
2022
Independent exailliiier's fees
1,938
2,52(J
Legal fees
Sundi'ic3
49
J02
1,987
No reinuneration oi. expei)ses were paid to t£ustees
6. Debtors
2023
2022
London Cliainbei. Society Limited- Tliis eompAny ceased tt'ading
In August 2023
44,882
ri'ecoverable taxation from gift aid
4,157
All debtors are due wsiliij one yeai.

The tA)iidoii Chamber OrchestA'a Trust
Notes to the Flnanclal StAtements lot. the yeai. ¢llded 30 June 2023 ¢ont.
7a . Reeoncili8tioD of Moveinent in Restricted fuii(ts
Balance
at l July
2022
Balanee at
Ti'ansfei's 30.June
2023
Incoinin%
Resoui'ees
Outgoing
Resoui-ces
Pron)otion of
London Chainbei. Orchestra
Big Give
Jollli Lyon S¢liool
Arts Coui)cil
Jolth Wate8
Debashis Bliattacliaiya
Arts Council
Ai'ts Council
Poi'ticus
Arts cou￿ClI
John Lyon Cliai'ity
763
12,103
91,493
(103,5961
io

The London ChAmber Orchestra Ti'ust
Note5 to tli¢ FinAnclal Statements foy the y￿V ertded 30 June 2023 cont.
7b. Ileconeilithtion of Moyement in Reitricted funds- pi'ioi. ye41.
Bal#ne¢ at
Jnc(bming
l July 2021 Resoui'ces
Outgoing
Bal&ttce at
30 June 2022
Ti'ansfers
Pioinotioii of
London Chainbtt Orcliestix
Big Give
JOI￿1 Lyon School
108,833
(97,493)
{708)
1721
11,340
708
72
Ai'ls Coiiiicil
JOI￿ Wates
Debasliis Bhattacharya
Arts Couiieil
Art5 Council
Porticus
Aits Council
Jolm Lyon Chai'ity
58,954
210
{58,954)
1210)
(2,220)
125,2661
(10,5491
(9,993)
(112,202)
48,833)
2,220
25266
10.549
9.993
132,202
41,200
8,396
763
117,229
281,374
(386,500)
12,101
li

The Londoii Chamber Oi'eliestt'a Trust
Notes to the Flnanelal Statements for the year ended 30 June 2023 eomt.
8a. ReconeAliAtion of Trlovement Uiij'estricted funds
B8lunce at
l July
2022
Bglance 8t
Exceptlonal 30 June
Items
2023
Incomlng
Ruouices
OuQolng
R¢soui'ces
Ul￿tStriCtea Fiii)ds
48,624
43,190
(19,1061
(49,039)
23,669
8b. Reeoneiliation of Movemcnt Sn Unresti'icted fuiids- pi*or year
B4lan¢e at
l July
2021
B8lRnce at
30 June
2022
Incoming
Resoui'ces
Ovtgoing
Rcsources
Transfei's
Uiii'¢sttict¢d Fui)d$
27,518
23,728
12,622)
48,624
9&. Analysls of net assets between fuDds
Uiireslrlcted Restrlcted
funds
runds
Total Funds
CuLfft'ent ass¢ts
Curveni liabilitits
2S,547
28,547
'rotal net assets
23,669
23,669
9b, Analy$is of net A$$ets between funds- prior yeay
Unrestrlcted
fuiids
Restrlcted
funds
Total Funds
Curi'cnt a8%cts
Cw'i'ent liabilities
51,864
3,240
12,103
3,240
Total net assets
10. Related Parties
Tlie ttust l?as not entered itito any traiisactions with related pai'Eies eiihej. during tlie Current or pi'evious year.
12