Registered Charrty number 80[￿7 The Insurance Orchestral Society Financial Statements 31 July 2023 Crayshott Woodlands Road West Byfleet 14 6JW The Insurance Orchestral Society Financial statements 2023 Registered Charity 800007 Contents Charity Information Report of the Trustees Independent Examinerfs Report Income and Expenditure Statement Atcumulated Funds Notes to the Accounts The Insurance Orchestral Society Financial statement5 2023 Registered Charity 800007 Charity Information Trustees Mr A E Grant (Chairman) Mr P Austin Mr T Frederikse (Concert Manager) Mr D J Thorne (Treasurer and Orchestra Manager) MsSSToo Independent Examiner Mr R M Mansfield Bankers HSBC Canada Place Canary Wharf London E14 SAH Registered Office Crayshott Woodlands Road West ByFleet 14 6JW Registered diarity number 800007 The Insurance Orchestral Society Financial statements 2023 Registered Chartty 8C￿)00? Report of the Trustees The activities of the Insurance Orchestral Society remained unchanged during the financial year under review. The sole actlvity of the Society remained the -London Phoenix Orchestra. performing its Usual schedule of five concerts in the 202212023 season. in previous years. the Society has been fortunate to partner with and sUPPOrt various charities to the mutual benefit of both organisations and this past season was no exception. The Society continues to attively seek new charitable partnerships for future seasons. It also advanced tts plans for the celebration of the Orchestra's Centenary in 2024. In normal years the financial obligations of the society are met throu8h the support of the President. Vice President5, Friends. Honorary Life Members, Players. and its Corporate Members. To some degree, partnering with charities helps to mttigate some costs, which alleviates continued financial pressures. The Committee continues to keep the financial, cultural and environmental situations under review to facilitate the continuatlon of pl3yin8 and performing, consistent with our resources and wlth the welfare of our players, patrons and the surrounding community in mind. The Tru5tee5 can confirni that there have been no 'serious incidents, to report in the year to 31 July 2023, as defined by the Chartty Commission in their Guidance forTrustees. The mission of the Orchestra ha5 been unchanged since its foundation in 1924: to provide cultural recreation to people working in the Insurance industry and to be one of the best amateur orchestras in the City of London. We look forward to celebrating the Orchestra's Centenary in 2024. My thanks go to Lev Parikian for his leadership and creative guidance as our Conductor and to all members of the Committee for the generous giving of their time free of charge in support of this Society. Special thanks go to Reg Brown. our President, who has tirelessly worked to support the Society and attract London market insurance firms to support our Orchestra. Flnally. I would like to thank David Thome who atts in the dual capacity as our Honorary Treasurer and Orchestra Secretary. His quiet efforts usually go unnoticed, but they are substantial and we are all hugely grateful to him. Alan E Grant Chairman On behalf of the Trustees The Insurance Orchestral Society Financial statements 2023 Registered Charity 80CJX)7 Independent Examlnerfs Report Independent examiner s report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Insurance Orchestral Society On accounts for the year ended 31" July 2023 Charity no (if any) 81)0(J)7 Set out on pages Respectlve The charity's trustees are responsible for the preparation of the accounts. respon5ibilltles of trustee5 The charitls trustees consider that an audit is not required for thi5 year and examiner under section 144 of the Charities Art 2011 (the Chartties Act) and that an independent examination is needed. It is my responsibility to". examine the accounts under section 145 of the Charities Act, follow the procedures laid down in the general Directions given by the Charity Commission (under section 145151{bl of the Charities Art, and state whether particular matters have come to my attention. Basis of Independent My examination was carried out in accordance with general Directions given examlnerfs Statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual item5 or disclosures in the accounts, and seeking explanations from the trustees concerninE any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whetherthe accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. The Insurance 0￿heStral Stxiety Financial statements 2023 Re￿ered Charity 800007 Independent examSnerfs In connection with my examination. no matter has corre to my attention statement l. which gives reasonable cause to believe that In, any material respect, the requirements: to keep aceountin8 reconls In accordance with section 130 of the Charities Act: arxl to prepare accounts which accord with accounting records and comply with the accounti￿ requirements of the Charities Act have not been met: or 2. to which. in rny opinion, attÈntion should be drawn in order to enable a proper UnderstarKIir￿ of the accounts to be reached. Name: Richard Mansfield Relevant wofesthal quallflcationls) or body {If any): BA {Honsl in Accountancy Address: 25 Ridgway Garderts N6 5XR The Insurance Orchestral Society Financial statements 2023 Re8iStered Charity 8¢J)007 Income and Expenditure Statement FIBure5 in £ For the year ended 31 July 2023 2022 Chan Note INCOM114G RESOURCES Subscrfptions and donations 43.045 23,723 19,322 Player subscription5 12.148 9.455 2,693 Tax rebates 3.367 2,465 902 Coll￿rt income 13,360 13.8721 Other income 32 26 Total Incomlnl re￿urceS 68.106 49￿5 19,071 RESOURCES EXPENDED Profe5slonal fees 17,049 20,380 13.3311 Hire charges 28,683 24.942 3,741 Marketing and printin8 3.239 3,687 14481 Box office commission and charges 1.601 1.191 410 Corporate hospltallty 2,814 2.495 319 Sundry 967 77 Total re50uros expended 54A30 53.662 Net Incomlngllout80ing) resources 13.676 14.6271 18,303 Openin8 Kcumulated funds 16,744 21,371 14,6271 a0￿nE accumulated funds 30,420 16,744 13.676 The Insurance Orchestral Society Financial statements 2023 Registered Charity 800007 Accumulated Funds Figures in £ As at 31 July 2023 2023 2022 H58C Community 16,694 13,675 HSBC BMM COIF 43 42 Total Accumulated Funds 30,420 16,744 13.676 Note: AJI Corporate sub5crlptions Ilnduding multiple year subsulptiM5) are allocated to income in the year in which they are received. Corporate subscriptions rdating to future periods included wrthiri d05in8 atcumulated funds were.. Less than l year 14.487 7,583 More than l year 6.385 2,445 Total 20J72 10,028 AE Grant Chairman DJ Thorne Treasurer Approved and authorised for issue by the board of trustees on L41 L12024 The Insurance Orchestral Society Financial statements 2023 Registered Charity 800007 Notes to the Accounts Ffigure5 in For the year ended 31 July 2023 I Subscriptions and dchmtions Corporates WI￿ Presidents and FriMds Donations 2023 37.850 2,8 2.395 43.045 2022 Chan 18.850 2LX) 272 2.123 23.72a 19.322 2 Tax rebate5 No. of Gift Aid eligible donor5 Total Gwft Aid eligible donations 2023 63 13.462 Change 12 51 9W8 Tax reclaimed in current year= 202ty22 2022123 2.465 3.367 Total t•x re