Registered Registered Charity Charity number number 800007 800007
The The Insurance Insurance Orchestral Orchestral Society Society
Financial Financial Statements Statements 31 31 July July 2025 2025
Crayshott Crayshott Woodlands Woodlands Road Road West West Byfleet Byfleet KT14 KT14 6JW 6JW
The The Insurance Insurance Orchestral Orchestral Society Society Financial Financial statements statements 2025 2025
Registered Registered Charity Charity 800007 800007
Contents Contents
| Charity Information Charity Information |
1 iL |
|---|---|
| Report of the Trustees Report ofthe Trustees |
2 2 |
| Independent Examiner's Report Independent Examiner’s Report |
3 3 |
| Income and Expenditure Statement Income and Expenditure Statement |
5 5 |
| Accumulated Funds Accumulated Funds |
6 6 |
| Notes tothe Accounts NotestotheAccounts |
7 7 |
Registered Registered Charity Charity 800007 800007
The The Insurance Insurance Orchestral[Orchestral][Society] Society Financial Financial statements statements 2025 2025
Charity Charity[Information] Information
Trustees Trustees Mr Mr AE[A][E] Grant Grant[(Chairman)] (Chairman) Mr Mr[P] P Austin[Austin]
Mr Mr T[T] Frederikse Frederikse (Concert (Concert Manager) Manager)
Mr Mr[D] D[J] J Thorne Thorne[(Treasurer] (Treasurer[and] and Orchestra Orchestra Manager)[Manager)] Ms Ms[SS] SS Too Too
Independent Independent Examiner Examiner MrR Mr R M[M] Mansfield Mansfield
Bankers Bankers HSBC HSBC Canada Canada[Place] Place Canary Canary Wharf Wharf London London E14 E14 5AH 5AH
Registered Registered Office Office Crayshott Crayshott Woodlands Woodlands Road Road West West Byfleet Byfleet KT14 KT14 6JW 6JW
Registered Registered charity charity number number 800007 800007
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The The Insurance Insurance Orchestral Orchestral Society Society Financial Financial statements statements 2025 2025
Registered Registered Charity[Charity] 800007 800007
Report Report of of the[the] Trustees Trustees
The The activities activities of of the the Insurance Insurance Orchestral Orchestral Society Society remained remained unchanged unchanged during during the the financial financial year year under under review. review. The The sole sole activity activity of of the the Society Society remained remained the the “London "London Phoenix Phoenix Orchestra” Orchestra" performing performing[its] its usual[usual] schedule schedule[of] of[five] five concerts concerts[in] in the[the] 2024/2025 2024/2025 season. season. As As in in previous previous years, years, the the Society Society has has been been fortunate fortunate to to partner partner with with and and support support various various charities charities[and] and[insurance] insurance market market associations associations to to[the] the mutual mutual benefit benefit of[of] both[both] organisations, organisations, and and this this past past season season was was no no exception. exception. The The Society Society continues continues to to actively actively seek seek new new charitable charitable partnerships partnerships[for] for future future seasons. seasons. In In normal normal years years the the financial financial obligations obligations of of the the Society Society are are met met through through the the support support of of the the President, President, Vice Vice Presidents, Presidents, Friends, Friends, Honorary Honorary Life Life Members, Members, Players, Players, and and its its Corporate Corporate Members. Members. To To some some degree, degree,[partnering] partnering with with Corporates Corporates[and] and charities charities[helps] helps to to[mitigate] mitigate some some costs, costs, which which alleviates alleviates continued continued financial financial pressures. pressures. The[The][Committee] Committee continues continues to[to][keep] keep[the] the financial, financial, cultural cultural and and environmental environmental situations situations under under review review to to facilitate facilitate the the continuation continuation of of playing playing and[and] performing, performing, consistent consistent with with our our resources resources[and] and with with the[the] welfare welfare of[of] our our players,[players,] patrons patrons and and the the surrounding surrounding community community[in] in mind. mind. The The Trustees Trustees can can confirm confirm that that there there have have been been no no 'serious ‘serious incidents' incidents’ to to report report in in the the year year to to 31 31 July July 2025, 2025, as as defined defined by by the the Charity Charity Commission Commission in in their their Guidance Guidance for for Trustees. Trustees. The The mission mission of of the the Orchestra Orchestra has has been been unchanged unchanged since since its its foundation foundation in in 1924; 1924; to to provide provide cultural cultural recreation recreation to to people people working working in[in] the the Insurance Insurance and and wider wider financial financial services services industries industries and and to to be be one one of of the the best best amateur amateur orchestras orchestras in in the the City[City] of of London. London. The The Orchestra Orchestra celebrated celebrated its its Centenary Centenary in in the the concerts concerts performed performed during during the the period period covered covered by by these these accounts. accounts. My My thanks thanks go go to[to] Lev[Lev][Parikian] Parikian[for] for[his] his[leadership] leadership[and] and creative creative guidance guidance as as our our Conductor Conductor[and] and to to all all members members of of the the Committee Committee for for the the generous generous giving giving of of their their time time free free of of charge charge in in support support of of this this Society. Society. Special Special thanks thanks go go to to Reg Reg Brown, Brown, our our President, President, who who has has tirelessly tirelessly worked worked to to support support the the[Society] Society[and] and[attract] attract[London] London market market[insurance] insurance firms firms to to support our support our[Orchestra.] Orchestra.
Finally, Finally, I | would would like like to to thank thank David David Thorne Thorne who who acts acts in in the the dual dual capacity capacity as as our our Honorary Honorary Treasurer Treasurer and[and] Orchestra Orchestra Secretary. Secretary. His His quiet quiet efforts efforts usually usually go go[unnoticed,] unnoticed,[but] but[they] they are are substantial substantial and and we we remain remain hugely hugely grateful grateful to to[him.] him.
Alan Alan E[E] Grant Grant Chairman Chairman On On[behalf] behalf[of] of the the Trustees Trustees
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Registered Registered Charity Charity 800007 800007
The The Insurance Insurance[Orchestral] Orchestral[Society] Society Financial Financial statements statements 2025 2025
Independent Independent Examiner's Examiner’s Report Report
Independent Independent examiner's examiner's report report on on[the] the accounts accounts
Section Section A A Independent Independent Examiner's Examiner’s Report Report
Report Report to to the the trustees/ trustees/ members members[of] of The The Insurance Insurance[Orchestral] Orchestral Society Society
On On accounts accounts[for] for the the year year | 31st 31°‘ July[July] 2025 2025 Charity Charity no no | 800007 800007
ended ended (if (if any) any)
Set Set out out on on pages pages | 5-8 5-8 Respective Respective The The[charity's] charity's trustees trustees are are responsible[responsible] for for the the preparation preparation of[of] the the accounts. accounts. responsibilities responsibilities of[of] trustees trustees The The[charity's] charity’s trustees trustees[consider] consider[that] that an an audit audit is[is] not not[required] required for for this this year year
and and examiner examiner under under section section 144 144[of] of the the Charities Charities Act Act 2011 2011 (the[(the] Charities Charities Act) Act) and and that that an an
independent independent examination examination[is] is needed. needed. It It is is my my responsibility responsibility[to:] to: • e examine examine the[the][accounts] accounts under[under] section section[145] 145 of[of] the the Charities Charities[Act,] Act, e • follow follow the the procedures procedures laid laid down down in in the the general general Directions Directions given given by by the the
Charity Charity Commission Commission (under (under section section 145(5)(b) 145(5)(b) of of the the Charities Charities[Act,] Act, and and • e state state whether whether particular particular matters matters[have] have come come[to] to my my attention. attention.
Basis Basis of[of] independent independent My My examination examination was was carried carried out[out][in] in accordance[accordance] with with[general] general Directions Directions[given] given examiner’s examiner's statement statement by by the the Charity Charity Commission. Commission. An An examination examination includes includes a a review review of[of] the the accounting accounting records records kept kept by by the the charity charity and and a a comparison comparison[of] of[the] the accounts accounts presented presented with with those those records. records. It It also also includes includes consideration consideration of of any any unusual unusual items items or or disclosures disclosures[in] in[the] the[accounts,] accounts,[and] and seeking seeking explanations explanations from from the the trustees trustees[concerning] concerning any any[such] such[matters.] matters.[The] The procedures[procedures][undertaken] undertaken[do] do not[not] provide provide all[all] the[the] evidence evidence[that] that would would be[be] required[required][in] in an an[audit,] audit,[and] and consequently consequently no no opinion opinion is[is][given] given as as to to whether whether the the accounts accounts present present a a ‘true 'true
and and fair fair view’ view' and and the the report report[is] is limited limited to to those those matters matters set set out out[in] in the the statement statement below. below.
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Registered Registered Charity[Charity] 800007 800007
The The Insurance Insurance[Orchestral] Orchestral Society Society Financial Financial statements statements 2025 2025
Independent Independent examiner's examiner's In In connection connection with with my my examination, examination, no no matter matter[has] has come come[to] to my my attention attention statement statement
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- which which gives gives me me reasonable reasonable cause cause to to believe believe that that in, in, any any material material respect, respect, the the requirements: requirements: • e to to keep keep accounting accounting records records[in] in accordance accordance with with section section 130 130 of[of the] the Charities Charities[Act;] Act; and[and]
e • to to prepare prepare accounts accounts which which accord accord with with the the accounting accounting records records and[and] comply comply with with the the accounting accounting requirements requirements of[of] the the Charities Charities Act[Act]
have have not not been been met; met; or or
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- to to which, which, in in my my opinion, opinion, attention attention should should be be drawn drawn in in order order to to enable enable a a proper proper[understanding] understanding[of] of the[ the][accounts] accounts to[to] be[be] reached.[reached.]
Signed: Date: t02( sees: IV ———~d:~COséme [1 Math 2.02 Name: Name: | Richard Richard Mansfield Mansfield Relevant Relevant[professional] professional | BA BA (Hons) (Hons)[in] in Accountancy Accountancy qualification(s) qualification(s) or or body body (if[(if] any): any): Address: Address: | 25 25 Ridgeway Ridgeway Gardens Gardens London N6 N6 5XR 5XR
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Registered Registered Charity[Charity] 800007 800007
The The Insurance Insurance[Orchestral] Orchestral Society Society Financial Financial statements statements 2025 2025
income Income and and Expenditure Expenditure Statement Statement
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Figures|Figures|in|[in]|£|[E]|
|For|For the|the|year|year|ended|ended|31|31|July|July|2025|2025|
|2025|2025|2024|2024|Change|Change|
|Note|Note|
|INCOMING|INCOMING|RESOURCES|RESOURCES|
|Subscriptions|Subscriptions|and|and|donations|donations|1|1|30,316|30,316|40,766|40,766|(10,450)|(10,450)|
|Player|Player|subscriptions|subscriptions|15,236|15,236|10,426|10,426|4,810|4,810|
|Tax|Tax|rebates|rebates|2|2|3,408|3,408|2,552|2,552|856|856|
|Concert|Concert|income|income|3|3|10,508|10,508|13,082|13,082|(2,574)|(2,574)|
|Bank|Bank|interest|interest|2|2|=|2|2|
|Other|Other|income|income|-|25|25|(25)|(25)|
|Total|Total|incoming|incoming|resources|resources|59,470|59,470|66,851|66,851|(7,381)|(7,381)|
|RESOURCES|RESOURCES|EXPENDED|EXPENDED|
|Professional|Professional|fees|[fees]|4|4|25,170|25,170|22,670|22,670|2,500|2,500|
|Hire|Hire|charges|charges|5|5|27,091|27,091|34,359|34,359|(7,268)|(7,268)|
|Marketing|Marketing|and|and|printing|printing|6|6|3,766|3,766|5,774|5,774|(2,008)|(2,008)|
|Box|Box|office|office|commission|commission|and|and|charges|charges|2,093|2,093|2,266|2,266|(173)|(173)|
|Corporate|Corporate|hospitality|hospitality|3,520|3,520|5,944|5,944|(2,424)|(2,424)|
|Sundry|Sundry|7|7|1,358|1,358|4,224|4,224|(2,866)|(2,866)|
|Total|Total|resources|resources|expended|[expended]|62,998|62,998|75,237|75,237|(12,239)|(12,239)|
|Net|Net|incoming/(outgoing)|incoming/(outgoing)|resources|resources|(3,528)|(3,528)|(8,386)|(8,386)|4,858|4,858|
|Opening|Opening|accumulated|accumulated|funds|funds|22,034|22,034|30,420|30,420|(8,386)|(8,386)|
|Closing|Closing accumulated|accumulated|funds|funds|18,506|18,506|22,034|22,034|(3,528)|(3,528)|
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RS SS SSS
5 a
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Registered Registered Charity Charity 800007 800007
The The Insurance Insurance[Orchestral] Orchestral Society Society Financial Financial statements statements 2025 2025
Accumulated Accumulated Funds Funds
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|---|---|---|---|---|---|---|---|---|---|
|Figures|Figures|[in]|in|[E]|£|
|As|As|at|[at]|31|[31]|July|July|2025|2025|
|2025|2025|2024|2024|Change|Change|
|HSBC|HSBC|Community|Community|18,451|18,451|21,981|21,981|(3,530)|(3,530)|
|HSBC|HSBC|BMM|BMM|8|8|8|8|-|
|COIF|COIF|47|47|45|45|2|2|
|Total|Accumulated|Funds|
|Total Accumulated|Funds|18,506|18,506|22,034|22,034|(3,528)|(3,528)|
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Note: Note: All All Corporate Corporate subscriptions subscriptions (including[(including] multiple multiple year year subscriptions) subscriptions) are are allocated allocated to to income income[in] in the the year year[in] in which which they they are are received. received.
Corporate Corporate subscriptions subscriptions relating relating to to future future periods periods included included within[within][closing] closing accumulated accumulated funds funds were: were:
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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Less|Less|than|than|1|1|year|year|8,765|8,765|14|14,424|424|
|More|More|[than]|than|[1]|1|year|year|2,408|2,408|1,086|1,086|
|Total|
|Tait|11,173|11,173|15,510|15,510|
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(1 (wo
AE AE Grant rant DJ DJ Thorne Thorne
Chairman Chairman Treasurer Treasurer
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Approved Approved[and] and[authorised] authorised for[for] issue issue by[by][the] the[board] board[of ] of trustees trustees on on[8th] 8". September September 2025 2025
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Registered Registered Charity[Charity][800007] 800007
The The Insurance Insurance Orchestral Orchestral Society Society Financial Financial statements statements 2025 2025
Notes Notes to to[the] the Accounts Accounts
Figures Figures in[in] £
For For the the year year ended ended 31 31 July July 2025 2025
| I 1 |
Subscriptions and donations Subscriptions and donations |
2025 2025 |
2024 2024 |
Change Change |
|---|---|---|---|---|
| Corporates Corporates |
26,800 26,800 |
35,750 35,750 |
(8,950) (8,950) |
|
| Vice Presidents and Friends Vice Presidents and Friends |
850 850 |
1,600 1,600 |
(750) (750) |
|
| Donations Donations |
2,666 2,666 |
3,416 3,416 |
(750) (750) |
|
| 30,316 30,316 |
40,766 40,766 |
(10,450) (10,450) |
||
| 2 2 |
Tax rebates Tax rebates |
2025 2025 |
2024 2024 |
Change Change |
| No. of Gift Aid eligible donors No. of Gift Aid eligible donors |
52 52 |
49 49 |
3 3 |
|
| Total Gift Aid eligible donations Total Gift Aid eligible donations |
13,632 13,632 |
10,185 10,185 |
3,447 3,447 |
|
| Tax reclaimed in current year: Tax reclaimed in current year: |
||||
| 2023/24 2023/24 |
2,552 2,552 |
|||
| 2024/25 2024/25 |
3,408 3,408 |
|||
| Totaltax recovered in current year: Total tax recovered in current year: |
3,408 3,408 |
2,552 2,552 |
856 856 |
|
| 3 3 |
Concert income Concert income |
2025 2025 |
2024 2024 |
Change Change |
| Ticket sales Ticket sales |
10,196 10,196 |
12,690 12,690 |
(2,494) (2,494) |
|
| Programme sales Programme sales |
312 312 |
392 392 |
(80) (80) |
|
| 10,508 10,508 |
13,082 13,082 |
(2,574) (2,574) |
||
| 4 4 |
Professional fees Professional fees |
2025 2025 |
2024 2024 |
Change Change |
| Regular professionals Regular professionals |
16,875 16,875 |
12,854 12,854 |
4,021 4,021 |
|
| Soloists Soloists |
1,900 1,900 |
1,716 1,716 |
184 184 |
|
| Concert extras Concert extras |
6,395 6,395 |
8,100 8,100 |
(1,705) (1,705) |
|
| 25,170 25,170 |
22,670 22,670 |
2,500 2,500 |
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Registered Registered Charity Charity 800007 800007
The The Insurance Insurance Orchestral Orchestral Society Society Financial Financial statements statements 2025 2025
| 5 5 |
Hire charges Hire charges |
2025 2025 |
2024 2024 |
Change Change |
|---|---|---|---|---|
| Concert hall hire Concert hall hire |
15,565 15,565 |
21,494 21,494 |
(5,929) (5,929) |
|
| Rehearsal venue hire Rehearsal venue hire |
5,810 5,810 |
5,642 5,642 |
168 168 |
|
| Music hire Music hire |
3,340 3,340 |
4,369 4,369 |
(1,029) (1,029) |
|
| Instrumenthire Instrument hire |
2,376 2,376 |
2,854 2,854 |
(478) (478) |
|
| 27,091 27,091 |
34,359 34,359 |
(7,268) (7,268) |
| 6 6 |
Marketing and printing Marketing and printing |
2025 2025 |
2024 2024 |
Change Change |
|---|---|---|---|---|
| Printing and artwork Printing and artwork |
3,478 3,478 |
5,678 5,678 |
(2,200) (2,200) |
|
| Marketing Marketing |
288 288 |
96 96 |
192 192 |
|
| 3,766 3,766 |
5,774 5,774 |
(2,008) (2,008) |
||
| 7 7 |
Sundry Sundry |
2025 2025 |
2024 2024 |
Change Change |
| Total Total |
1,358 1,358 |
4,224 4,224 |
(2,866) (2,866) |
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