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||`Page`|
|---|---|
|`ReportoftheTrustees`|`1`|
|`IndependentAuditor'sReport`|`14`|
|`StatementofFinancialActivities`|`18`|
|`BalanceSheet`|`19`|
|`CashFlowStatement`|`20`|
|`NotestotheCashFlowStatement`|`21`|
|`NotestotheFinancialStatements`|`22`|





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31/05/2023 



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# 23 June 2023 



||||`Unrestricted`|`Restricted`||`Total`||`Total`||
|---|---|---|---|---|---|---|---|---|---|
||||`Funds`|`Funds`||`2022`||`2021`||
|||||||||`Asrestated`||
||||`£`|`£`||`£`||`£`||
||`Note`|||||||||
|`Incomeandendowmentsfrom:`||||||||||
|`Donationsandlegacies`|||`277,617`|`72,850`||`350,467`||`583,269`||
|`Charitableactivities`||||||||||
|`Auditions`||||||||||
|`Concerts`|||`33,136`||`-`|`33,136`||||
|`Regionals`|||`100,106`||`-`|`100,106`|||`-`|
|`Membershipfees`|||`579,750`||`-`|`579,750`||`147,500`||
|`Othertradingactivities`|||`2,714`|||`2,714`||||
|`investments`|||`1,061`|||`1,061`||`748`||
|`Other`|||`255,644`|||`255,644`||`10,323`||
|`Total`|||<br> <br>`1,250,028`|<br> <br>`72,850`|<br> <br>|<br> <br>`1,322,878`|<br> <br>|<br> <br>`741,840`|<br> <br>|
|`Expenditureon:`||||||||||
|`Raisingfunds`|||`82,042`||`-`|`82,042`||`64,462`||
|`Charitableactivities`||||||||||
|`Residencies(includingonline)`|||`1,101,828`||`-`|`1,101,828`||`625,655`||
|`Auditions`|||`11,308`||`-`|`11,308`||`17,338`||
|`Concerts`|||`45,628`||`-`|`45,628`|||`-`|
|`BursariesandScholarships`|||`500`|`114,015`||`114,515`||`26,250`||
|`Regionals`||||||||||
|`Total`|||<br> <br>`1,241,306`|<br> <br>`114,015`|<br> <br>|<br> <br>`1,355,321`|<br> <br>|<br> <br>`733,705`|<br> <br>|
|`Netgains/(losses)oninstruments`||`15`||||||||
|`Netgains/(losses)oninvestments`||`16`|<br>`(1,905)`||<br>`-`|<br>`(1,905)`|<br>|<br>`2,910`|<br>|
|`Netincome/(expenditure)`|||`6,817`|`(41,165)`||`(34,348)`||`11,045`||
|`Transfersbetweenfunds`||`20`|<br>`200`|<br>`(200)`|<br>||<br>`.`||<br>`-`|
|`Netmovementinfunds`||`20`|`7,017`|`(41,365)`||`(34,348)`||`11,045`||
|`Totalfundsbroughtforward(asrestated,note`|||`579,137`|`127,651`||`706,788`||`695,743`||
|`15)`||||||||||
|`Totalfundscarriedforward`||`20`|<br>`586,154`<br>|<br>`86,286`<br>|<br> <br>|<br>`672,440`<br>|<br> <br>|<br>`706,788`<br>|<br> <br>|





# 31/05/2023 




## 

||`Notes`|`2022`||`2021`||
|---|---|---|---|---|---|
|||`£`||`£`||
|`Cashgeneratedfromoperatingactivities`||||||
|`Cashgeneratedfromoperations`|`1`|`(288,585)`||`621,640`||
|`Taxationrefund`|||<br>|<br>|<br>|
|`Netcash(usedin)/providedbyoperatingactivities`||<br>`(288,585)`|<br> <br>|<br> <br>`621,640`|<br> <br>|
|`Cashflowsfrominvestingactivities`||||||
|`Purchaseoftangiblefixedassets`||`(1,632)`|||`-`|
|`Proceedsfromdisposaloftangiblefixedassets`|||`-`|`9,900`||
|`Interestreceived`||`1,061`||`748`||
|`Netcashprovidedby/(usedin)investingactivities`||<br>`(571)`|<br> <br>|<br> <br>`10,648`|<br> <br>|
|`Changeincashandcashequivalentsinthereportingperiod`|`2`|`(289,156)`||`632,288`||
|`Cashandcashequivalentsatthebeginningofthereportingperiod`||<br>`1,156,845`|<br> <br>|<br> <br>`524,557`|<br> <br>|
|`Cashandcashequivalentsattheendofthereportingperiod`||`867,689`<br>|<br> <br>|`1,156,845`<br> <br>|<br> <br>|





## 

|`1`|`Reconciliationofnetincome/{expenditure)tonet`|`Reconciliationofnetincome/{expenditure)tonet`|`cashflowfromoperatingactivities`|`cashflowfromoperatingactivities`||
|---|---|---|---|---|---|
|||||`2022`|`2021`|
|||||`£`|`£`|
||||||`Asrestated`|
||`Netincome/(expenditure)forthereportingperiod`|||||
||`(asper thestatementoffinancialactivities)`|||`(34,348)`|`11,045`|
||`Adjustmentsfor:`|||||
||`Depreciationcharges`|||`490`|`2,002`|
||`(Gains)/lossesoninvestments`|||`1,905`|`(2,910)`|
||`Interestreceived`|||`(1,061)`|`(748)`|
||`Gainondisposaloffixedassets`|||`:`|`(2,999)`|
||`Interestpaid`|||||
||`Taxrefunddue`|||||
||`(Increase)/decreaseindebtors`|||`(256,222)`|`214,880`|
||`(Decrease)/increaseincreditors`|||<br>`651`|<br> <br>`400,370`|
||`Netcashprovidedby/(usedin)operatingactivities`|||`(288,585)`|`621,640`|
|`2`|`Analysisofchangesinnetfunds`|`At1 January`|||`At31December`|
||||`2022`|`Cashflow`|`2022`|
|||`£`||`£`|`£`|
||`Netcash`|||||
||<br>`Cashatbankandinhand`|<br>`1,156,845`||`(289,156)`|`867,689`|
||<br>`Total`|<br>`1,156,845`||<br>`(289,156)`|<br>`867,689`|





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|`3`|`Donationsandlegacles`|||
|---|---|---|---|
|||`2022`|`2021`|
|||`£`|`£`|
||`Donations`|`349,013`|`576,472`|
||`Taxrecovered`|`1,454`|`3,798`|
||`Miscellaneousincome`|`-`|`2,999`|
|||<br> <br>`350,467`|<br> <br>`583,269`|
|`4`|`Incomefromcharitableactivities`|||
|||`2022`|`2021`|
|||`£`|`£`|
||`Auditions`|||
||`Concertincome`|`33,136`|`-`|
||`Regionalsincome`|`100,106`||
||`Membershipfees`|`579,750`|`147,500`|
|||<br> <br>`712,992`|<br> <br>`147,500`|
|`5`|`Othertradingactivities`|||
|||`2022`|`2021`|
|||`£`|`£`|
||`Merchandisingincome`|||
||`Otherrevenue`|`2,714`|`-`|
|||<br> <br>`2,714`|<br> <br>`:`|
|`6`|`InvestmentIncome`|||
|||`2022`|`2021`|
|||`£`|`£`|
||`Investmentincome`|`1,061`|`748`|
|||<br> <br>`1,061`|<br> <br>`748`|
|`7`|`Otherincome`|||
|||`2022`|`2021`|
|||`£`|`£`|
||`OrchestraTaxRelief`|`255,644`|`10,323`|
|||<br>`255,644`|<br>`10,323`|
|`8`|`Raisingfunds`|||
|||`2022`|`2021`|
|||`E`|`£`|
||`Raisingdonationsandlegacies`|||
||`Staffcosts`|`73,259`|`62,601`|
||`Othercosts`|`8,783`|`1,861`|
||`Total`|<br>`82,042`<br>|<br>`64,462`<br>|





|||`Directcosts`|`Grantfundingof`|`Grantfundingof`|`Support`|`costs(see`|`Totals2022`|
|---|---|---|---|---|---|---|---|
||||`activities`|`(see`||`note11)`||
||||`note`|`10)`||||
|||`£`||`£`||`£`|`£`|
||`Programmes(includingonline)`|`619,680`||`-`||`482,148`|`1,101,828`|
||`Auditions`|`11,308`||||`-`|`11,308`|
||`Concerts`|`45,628`||`:`||`:`|`45,628`|
||`Bursariesandscholarships`|`500`|`114,015`|||`-`|`114,515`|
||<br>|<br> <br>`677,116`|<br> <br>`114,015`||<br>|<br> <br>`482,148`|<br> <br>`1,273,279`|
|||`Directcosts`|`=Grantfundingof`||`Support`|`costs(see`|`Totals2021`<br>`As`|
||||`activities`|`(see`|`note11)`|<br>`As`|`restated`|
||||`note`|`10)`||`restated`||
|||`£`||`£`||`£`|`£`|
||`Programmes(includingonline)`|`156,595`||||`469,060`|`625,655`|
||`Auditions`|`17,338`||||`-`|`17,338`|
||`Concerts`||`-`|||`-`|`.`|
||`Bursarles andscholarships`||`26,250`||||`26,250`|
||<br>|<br> <br>`173,933`|<br> <br>`26,250`||<br>|<br> <br>`469,060`|<br> <br>`669,243`|
|`10`|`Grantspayable`|||||||
|||||||`2022`|`2021`|
|||||||`£`|`£`|
||`Bursariesandscholarships`|||||<br>`114,015`|<br>`26,250`|
||`Thetotalgrantspaidtoindividualsduringtheyearwasasfollows:`|||||||
|||||||`2022`|`2021`|
|||||||`£`|`£`|
||`Grant`|||||||
|||||||`114,015`<br>|`26,250`<br>|
||`Allgrantsrelatetobursariesprovidedtoindividualsasa subsidytowardstheirmembershipfeesand`|||`travel`|`costs.`|||





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|`Staffcosts`|||
|---|---|---|
||`2022`|`2021`|
||`£`|`£`|
|`Wagesandsalaries`|`341,453`|`263,292`|
|`Socialsecuritycosts`|`29,262`|`22,278`|
|`Pensioncosts`|`9,118`|`7,351`|
|<br>|<br> <br>`379,833`|<br> <br>`292,921`|
|`Theaveragemonthlynumberofemployeesduringtheyearwasasfollows:`|||
||`2022`|`2021`|
||`£`|`£`|
||`12`<br>|`8`<br>|
|`Therewerenoemployeeswhoseemployeebenefits(excludingemployerpensioncasts)exceeded£60,000.`|||
|`TheOrchestrasemployed179freelancersduringtheyear(2021:131),whoworkeda totalof925days(2021:695`|||
|`days).`|||
|`ThesocialstaffprovidepastoralsupportforthemembersoftheOrchestras,whilsttutorshelpwiththemusicalelements.Thesestaffarepaidon`|||
|`apersessionbasis.`|||



## 

|`Tangiblefixedassets`||||||||
|---|---|---|---|---|---|---|---|
||`Music`|`Instruments`|`Fixturesand`|`Motorvehicles`||`Totals`||
||||`fittings`|||||
|||`Asrestated`||||`Asrestated`||
||`£`|`£`|`£`|`£`||`£`||
|`Cost/Value`||||||||
|`At1 January2022`|`21,720`|`67,525`|`72,018`||`:`|`161,263`||
|`Additions`|`-`|`-`|`1,632`||`:`|`1,632`||
|`Disposals`|`-`|`-`||||||
|`At 31December2022`|<br> <br>`21,720`|<br> <br>`67,525`|<br> <br>`73,650`|<br>|<br> <br>`-`|<br> <br>`162,895`|<br> <br>|
|`Depreciation`||||||||
|`At1 January2022`|`21,339`|`-`|`71,731`||`-`|`93,070`||
|`Chargefortheyear`|`180`|`-`|`310`||`-`|`490`||
|`Eliminatedondisposals`|`:`|`-`|`-`||`:`||`-`|
|`At 31December2022`|<br> <br>`21,519`|<br> <br>`:`|<br> <br>`72,041`|<br>|<br> <br>`-`|<br> <br>`93,560`|<br> <br>|
|`NetBookValue`||||||||
|`At31December2022`|<br>`201`|<br>`67,525`|<br>`1,609`|||<br>`69,335`|<br>|
|`At31December2021`|`381`<br>|`67,525`<br>|`287`<br>||`-`<br>|`68,193`<br>|<br>|





## 

|`16`|`__—“Fixedassetinvestments`|||
|---|---|---|---|
||||`Listed`|
||||`investments`|
||||`£`|
||`Marketvalue`|||
||`At1 January2022`||`16,390`|
||`Revaluations`||`(1,905)`|
||`At31December2022`||`14,485`|
||`Netbookvalue`|||
||`At31December2022`||`14,485`|
||`At31December2021`||`16,390`|
||`TherewerenoinvestmentassetsoutsidetheUK.`|||
|`17`|`_Debtors:amountsfallingduewithinoneyear`|`2022`|`2021`|
|||`£`|`£`|
||`Tradedebtors`|`5,880`|`6,684`|
||`Prepayments`|`23,735`|`13,485`|
||`Taxrecoverable`|`282,841`|`36,065`|
|||<br>`312,456`<br>|<br>`56,234`<br>|





## 

|`Creditors:amountsfallingduewithinoneyear`|`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Tradecreditors`|`18,161`|`4,570`|
|`Socialsecurityandothertaxes`|`8,530`|`8,707`|
|`Deferredincome`|`542,570`|`553,492`|
|`Accruals`|<br>`22,264`|<br>`24,105`|
||<br> <br>`591,525`|<br> <br>`590,874`|
|`Furtherinformationondeferredincomeisprovidedinnote24.`|||
|`Leasingagreements`|||
|`Minimumleasepaymentsundernon-cancellableoperatingleasesfalldueasfollows:`|||
||`2022`|`2021`|
||`£`|`£`|
|`Withinoneyear`|`9,846`|`24,280`|
|`Betweenoneandfiveyears`|||
||<br> <br>`9,846`|<br> <br>`24,280`|



|`MovementinFunds`|||||
|---|---|---|---|---|
||`At1/1/22,`<br>`As`|`Netmovementin`|`Transfersbetween`|`At31/12/22`|
||`restated`|`funds`|`funds`||
||`£`|`£`|`£`|`£`|
|`Unrestrictedfunds`|||||
|`Generalfund(asrestated,seenote15)`|`369,137`|`6,817`|`200`|`376,154`|
|`Unrestricted- designatedfunds`|||||
|`ITReplacementfund`|||||
|`Officemove`|||||
|`RiskReserve`|`210,000`||`-`|`210,000`|
||<br> <br>`579,137`|<br> <br>`6,817`|<br> <br>`200`|<br> <br>`586,154`|
|`Restrictedfunds`<br>`Bursaryfund`|`36,743`|`(41,165)`|`4,422`|`z`|
|`Scholarshipfund`|`1,792`|`-`|`-`|`1,792`|
|`ERorisonwinteraward`|`4,231`||`(200}`|`4,031`|
|`Accessandprogression`|`17,470`||`-`|`17,470`|
|`FGuthrie`|`1,522`||`:`|`1,522`|
|`ViviennePricememorialfund`|`18,677`||`(4,422)`|`14,255`|
|`1978association`|`47,216`|||`47,216`|
||<br> <br>`127,651`|<br> <br>`(41,165)`|<br> <br>`(200}`|<br> <br>`86,286`|
|`Totalfunds`|`706,788`<br>|`(34,348)`<br>|`-`<br>|`672,440`<br>|





||`Incoming`||`Resources`|`Gainsandlosses`|`Movement`|`in`|
|---|---|---|---|---|---|---|
||`resources`||`expended`||`funds`||
||`£`||`£`|`£`||`£`|
|`Unrestrictedfunds`|||||||
|`Generalfund`|`1,250,028`||`(1,241,306)`|`(1,905)`|`6,817`||
|`Unrestricted- designatedfunds`|||||||
|`ITReplacementfund`|`-`||`-`|`-`||`-`|
|`Officemove`||||`-`||`:`|
|`RiskReserve`||||`-`|||
||<br> <br>`1,250,028`|<br>|<br> <br>`{1,241,306}`|<br> <br>`(1,905)`|<br> <br>`6,817`||
|`Restrictedfunds`|||||||
|`Bursaryfund`|`72,850`||`{114,015}`|`-`|`(41,165)`||
|`Scholarshipfund`|`-`||`-`|`-`||`-`|
|`ERorisonwinteraward`||||`:`||`-`|
|`Accessandprogression`||||`-`|||
|`FGuthrie`||||`-`|||
|`ViviennePricememorialfund`|||`7`|`7`|||
|`1978association`|||`-`|`-`|||
||<br> <br>`72,850`|<br>|<br> <br>`(114,015)`|<br> <br>`-`|<br> <br>`(41,165)`||
|`Totalfunds`|`1,322,878`<br>||`(1,355,321)`<br>|`(1,905)`<br>|`(34,348)`<br>||
|`Comparativesformovementinfunds`|||||||
||`At1/1/21_`<br>`As`|`Netmovementin`||`Transfersbetween`|`At31/12/21`|`As`|
||`restated`|`funds`|<br>`As`|`funds`|`restated`||
||||`restated`||||
||`£`||`£`|`£`||`£`|
|`Unrestrictedfunds`|||||||
|`Generalfund(asrestated,seenote15)`|`540,462`||`{200,249)`|`28,924`|`369,137`||
|`ITreplacementfund`|`7,131`||`(7,131)`|`-`||`-`|
|`Officemove`|`25,500`||`(25,500)`|`.`||`-`|
|`Riskreserve`|`-`||`210,000`||`210,000`||
||<br>`573,093`<br>|<br>|<br>`(22,880)`<br>|<br>`28,924`<br>|<br>`579,137`<br>||





## 

|`Restrictedfunds`||||||||
|---|---|---|---|---|---|---|---|
|`Bursaryfund`|`31,742`||`33,925`||`(28,924)`||`36,743`|
|`Scholarshipfund`|`1,792`|||`-`|`-`||`1,792`|
|`ERorisonwinteraward`|`4,231`||||`-`||`4,231`|
|`Accessandprogression`|`17,470`||||||`17,470`|
|`FGuthrie`|`1,522`||||`-`||`1,522`|
|`ViviennePricememorialfund`|`18,677`|||`:`|||`18,677`|
|`1978association`|<br>`47,216`|||<br>`-`|<br>`-`||<br>`47,216`|
||<br> <br>`122,650`|<br>|<br> <br>`33,925`|<br> <br>|<br> <br>`(28,924)`|<br>|<br> <br>`127,651`|
|`Totalfunds`|<br>`695,743`||<br>`11,045`|<br>|||<br>`706,788`|
|`Comparativenetmovementoffundsincludedinthe`|`aboveareasfollows:`|||||||
||`Incoming`|`Resources`|||`Gainsandlosses`|`Movementin`||
||`resources`|`expended`|<br>`As`|||`funds`|<br>`As`|
||||`restated`||||`restated`|
||`£`||`£`||`£`||`£`|
|`Unrestrictedfunds`||||||||
|`Generalfund(asrestated,seenote15)`|`471,666`||`{674,825)`||`2,910`||`(200,249)`|
|`Unrestricted- designatedfunds`||||||||
|`ITreplacementfund`|||`(7,131)`||||`(7,131)`|
|`Officemove`|`-`||`(25,500)`||`-`||`(25,500)`|
|`Riskreserve`|`210,000`|||`-`|`-`||`210,000`|
||<br> <br>`681,666`|<br>|<br> <br>`(707,456)`|<br> <br>|<br> <br>`2,910`|<br>|<br> <br>`(22,880)`|
|`Restrictedfunds`||||||||
|`Bursaryfund`|`60,175`||`(26,250)`||`-`||`33,925`|
|`Scholarshipfund`|||||||`-`|
|`ERorisonwinteraward`|`-`||||`-`||`-`|
|`Accessandprogression`|`-`||||`-`||`-`|
|`FGuthrie`|`-`||||`-`||`-`|
|`ViviennePricememorialfund`|`-`||||`-`||`-`|
|`1978association`|`-`||||`-`||`-`|
||<br> <br>`60,175`|<br>|<br> <br>`(26,250)`|<br> <br>|<br>|<br>|<br> <br>`33,925`|
|`Totalfunds`|`741,841`<br>||`(733,706)`<br>|<br>|`2,910`<br>||`11,045`<br>|





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## 

||`2022`|`2021`|
|---|---|---|
||`£`|`£`|
|`Membershipdeferredat1 January2022`|`468,492`|`42,000`|
|`Releasedtoincomeintheyear`|`(468,492)`|`(42,000)`|
|`Grantfundingreceivedinadvance`|`11,505`|`85,000`|
|`Membershipdeferredat31December2022`|`531,065`|`468,492`|
||<br>`542,570`<br>|<br>`553,492`<br>|



## 



|`26`|`Comparativesforthestatementoffinancialactivities(asrestated)`||||
|---|---|---|---|---|
|||`Unrestricted`|`Restrictedfunds`|`Totalfunds`|
|||`funds`|||
|||`Asrestated`|||
|||`£`|`£`|`£`|
||`IncomeandEndowmentsfrom`||||
||`Donationsandlegacies`|`523,094`|`60,175`|`583,269`|
||`Charitableactivities`||||
||`Auditions`||||
||`Concerts`||||
||`Regionals`||||
||`Membershipfees`|`147,500`|`-`|`147,500`|
||`Othertradingactivities`||||
||`Investmentincome`|`748`|`-`|`748`|
||`Otherincome`|`10,323`|`-`|`10,323`|
||`Total`|<br> <br>`681,665`|<br> <br>`60,175`|<br> <br>`741,840`|
||`Expenditureon`||||
||`Raisingfunds`|`64,462`||`64,462`|
||`Charitableactivities`||||
||`Residencies`|`625,655`||`625,655`|
||`Auditions`|`17,338`|`-`|`17,338`|
||`Concerts`||||
||`Bursariesandscholarships`||`26,250`|`26,250`|
||`Regionals`||||
||`Total`|<br> <br>`707,455`|<br> <br>`26,250`|<br> <br>`733,705`|
||`Netgainsoninvestments`|`2910`|`-`|`2,910`|
||`NetIncome/(Expenditure)`|`(22,880)`|`33,925`|`11,045`|
||`Transfersbetweenfunds`|<br>`28,924`|<br>`(28,924)`||
||`Netmovementinfunds`|`6,044`|`5,001`|`11,045`|
||`Totalfundsbroughtforward`|`573,093`|`122,650`|`695,743`|
||`Totalfundscarrledforward`|<br>`579,137`<br>|<br>`127,651`<br>|<br>`706,788`<br>|