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THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA 

Registered Charity No, 803751 

## ACCOUNTS 

FOR THE YEAR ENDED 30 JUNE 2025 

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THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 

## CHARITY NO: 803751 

## TRUSTEES' REPORT 

The Charity is registered as "The Society of the Guildford Symphony Orchestra" ("the Orchestra") and its registration number is 803751. 

## Objectives, Administration and Management of the Cha rity 

The object of the Orchestra shall be to advance, improve, develop and maintain public education in, and appreciation of, the art and science of music in all its aspects by any means the Trustees see fit, including through the presentation of public events. 

The general control and management of the Orchestra is in the hands of a committee of Trustees of at least three people including a chair, vice chair, secretary and treasurer. The Trustees are elected at the Annual General Meeting. There are a number of supporting committee members with specific roles but these members do not have voting rights. 

## Public Benefit 

The Trustees have paid due regard to the guidance issued by the Charity Commissioners on public benefit in deciding what activities the society shall undertake as detailed in the review of the year, particularly the guidance relating to the advancement of the arts. 

## Scope of Report and Accounts 

This report and the annexed accounts relate to the operations of this charity only; a separate report and accounts are prepared by the Friends of the Guildford Symphony Orchestra. 

## Governing Document 

The Orchestra operates under a constitution adopted on 3rd December 2024 and registered with Charity Commission. 

## Names of Trustees 

Timothy Johnson (Chair) Katherine Atkinson (Vice Chair) Felicity Howgate (Secretary) Abigail Fairhurst (Treasurer) Sarah Winterbotham Alan Thorpe Andrew Turner 

Principal Address The Beeches, 11b Oliver Road, Horsham, RH12 1LH 

## Agents and Advisers 

Bankers - HSBC, 33 The Borough, Farnham, Surrrey, GU9 7NJ 

Tax accountants - Scott-Moncrieff, Exchange Place 3, Semple Street, Edinburgh, EH3 8BL Independent Examiner - A P Garrood ACA, 23 George Road, Guildford, Surrey, GU1 4NP 

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## THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 CHARITY NO: 803751 

## TRUSTEES' REPORT (continued) 

## How the Charity Operates 

An Annual General Meeting must be held each year and a special meeting may be called at any time by the Committee or one third of the members, on not less than twenty-one days' notice being given to the Trustees of the matters to be discussed. The Annual General Meeting is held just before the end of each calendar year. At this meeting all aspects of the Orchestra's operations are reviewed, the accounts approved, Trustees and Officers appointed and other relevant matters considered. Any policy matters needing decisions, or which are raised by the Trustees, are discussed. 

## Review of the Year 

Our season of 5 concerts opened with a Family Concert at the Guildford Spectrum. With a Toy Story theme, this concert was aimed at giving young people a taste of music and building their enthusiasm for this art. Our November concert at GLive featured as its centre piece Prokoviev's iconic 5th Symphony, which desribes an experience of war. We were joined once again by the charismatic pianist Christos Fountos, who gave a sparking performance of Rachmaninov's Variations on a theme of Paganini. The annual showcase of up and coming musical talent took place at Holy Trinity in January 2025, when were delighted to give concerto performance with such a talented and enthusiastic group of musicians. Our Spring Classics concert at Charterhouse featured the talented Elizaveta Saul performing the Sibelius Violin Concerto and the orchestra tackling Vaughan Williams' 5th Symphony at the school where he had been pupil. The season finale at GLive was a Spanish programme, featuring the wonderful Richard Scholfield on saxophone and a pieces by Charbier, Ravel, de Falla and Rimsky Korsakov. 

Total audience numbers were 1,740 across the season as a whole. This is a respectable total audience, but below our usual numbers for our seasons with 5 concerts. We were encouraged by the number of under 18s who attend our concerts, with 330 across the season. Tickets are available for this age group for free as we encourage young people to develop their interest in music. We remain extremely grateful to our audience for continuing to support live classic music performed by people from Guildford to people from Guildford. 

We also welcomed some new players to the GSO during the season, partly through the better visibility we have secured for our activities through joining Making Music, the charity whose purpose is to help leisure time music flourish and a more purposeful and regular profile on social media. It's so heartening that making live music remains such an important part of many of our lives, and that GSO continues to perform attractive programmes performed to a high standard and is therefore able to bring in new members. 

mer ee 

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## THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 CHARITY NO: 803751 

## TRUSTEES' REPORT (continued) 

Finally, some thank yous. First, all members of the GSO are dedicated to attending rehearals and concerts to demonstrate their love of performing music, and are the bedrock of the orchestra's on going activities. Our Music Director Darrell Davison continues to provide ourstanding musical inspiration, leadership and behind the scenes. Finally, I'd like to thank my fellow Trustees, Officers and Committee members, all of whom work tirelessly to keep the orchestra running and musically and financially successful. 

## Financial Report 

Overall, the Orchestra remains in a strong financial position on the basis of our total reserves, which stood at £55,144 at the end of the year. However, in the year as a whole, we lost £2,416 on our activities, a deteroriation on previous years' financial performance. This was largely because of increased losses on our concerts of around £2,000 as ticket sales were lower and costs increased. The losses on our concert season before a substantial orchestra tax rebate amounted to £16,177. Reflecting this, the Trustees agreed measures for the 2025/26 season of concerts to strengthen our financial position. The progress with this will be carefully measured to ensure that the Orchestra remains on a sustainable longer term financial footing. 

## Risk Management 


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The Trustees have reviewed the major risks to which the Society is exposed and systems have been<br>established to mitigate these risks. The charity's policy is to hold sufficient reserves to fund the<br>administration of the charity over at least the next six to twelve months. In addition, the COIF Investment<br>Fund is held to provide the charity with further reserves as and when they may be needed. Finally, we are<br>confident that we can rely on additional support from funds held by the Friends of the Orchestra if it<br>ae<br>T. Johnson<br>Chair<br>pate: og 2026<br>|S Saineny<br>**----- End of picture text -----**<br>


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## THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA 

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 CHARITY NO: 803751 

## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA 

| report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 30 June 2025. 

As the charity's trustees, you are are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). 

| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent Examiner's Statement 

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: 

- the accounting records were not kept in accordance with section 130 of the Charities Act; or 

- - the accounts did not accord with the accounting records; or 

- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 

| 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 understanding of the accounts to be reached. 

/, f AP Garrood ACA 23 George Road Guildford Surrey GU14NP 


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## THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 CHARITY NO: 803751 

## STATEMENT OF FINANCIAL ACTIVITIES 


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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|funds|
|General|Jellinek|
|Note|fund|Social fund|fund|Total|2025|Total|2024|
|£|£|£|£|£|
|Incoming|resources|
|Income from:|
|Donations|2|12,284|-|-|12,284|10,431|
|Charitable|activities|2|30,429|-|-|30,429|29,358|
|Other trading|activities|2|-|1,216|-|1,216|2,196|
|Investments|2|-|-|-|-|169|
|Other|i|=|=|-|.|
|Total|42,713|1,216|-|43,929|42,154|
|Resources|expended|
|Expenditure|on:|
|Raising funds|3|-|140|-|140|205|
|Charitable|activities|3|43,531|-|-|43,531|41,846|
|Other|3|3,751|-|-|3,751|2,213|
|Total|47,282|140|-|47,422|44,264|
|Net (expenditure)/income|before|
|investment|(losses)/gains|(4,569)|1,076|-|(3,493)|(2,110)|
|Net|(losses)/gains on|investments|5|-|-|377|377|3,412|
|Net (expenditure)/income|(4,569)|1,076|377|(3,116)|1,302|
|Transfers|between|funds|-|-|-|-|-|
|Net movement|in funds|(4,569)|1,076|377|(3,116)|1,302|
|Reconciliation|of funds:|
|Total funds|brought forward|18,525|11,512|27,523|57,560|56,258|
|Total funds|carried forward|8|13,956|12,588|27,900|54,444|57,560|

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## THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 CHARITY NO: 803751 


**----- Start of picture text -----**<br>
||||||
|---|---|---|---|---|
|BALANCE SHEET|Unrestricted funds|
|Note|2025|2024|
|Current|assets|£|£|
|Debtors|6|16,214|233|
|Short term|investments|5|38,029|37,653|
|Cash at|bank and|in hand|2,744|11,014|
|Total current assets|56,987|48,900|
|Creditors: amounts falling due within|one year|7|1,843|3,389|
|Net assets|55,144|45,511|
|Funds|of the|charity|
|Unrestricted|funds|8|55,144|57,560|
|Total funds|8|55,144|57,560|

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Signed by the Chair on behalf of all the Trustees: 


**----- Start of picture text -----**<br>
T. Johnson<br>pane 1%, aoun vay 202ts<br>**----- End of picture text -----**<br>


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## THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 CHARITY NO: 803751 

## NOTES TO THE ACCOUNTS 

## Note 1: Accounting Policies 

## Basis of Accounting 

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts and with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, 

## Income 

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable certainty. 

## Fund Accounting 

Unrestricted funds can be used in accordance with the charity's charitable objectives at the discretion of the Trustees. The Jellinek Fund was created as the result of a specific bequest to the Society, but no restrictions were placed on the purposes for which it can be used. It is therefore shown separately, as an unrestricted fund. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for specified restricted purposes. The Society does not have any restricted funds. 

## Taxation 

The charity is exempt from corporation tax on its charitable activities. However, the Society files annual Corporation Tax returns in order to take advantage of Orchestra Tax Relief. 

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## NOTES TO THE ACCOUNTS 

Note 2: Income 

||2025|2024|
|---|---|---|
||£|£|
|Donations|||
|Members'subscriptions|9,298|8,580|
|Tax recovered on subscriptions<br>Grants and donations|1,786<br>1,200|1,351<br>500|
||12,284|10,431|
|Charitable activities|||
|Revenue from concerts<br>Ticket selling costs<br>Sale ofprogrammes and programme advertising|20,784<br>(1,558)<br>-|22,857<br>(2,670)<br>-|
|Concert income<br>Orchestra tax reliefclaimed|19,226<br>11,203|20,187<br>9,171|
||30,429|29,358|
|Othertrading activities|||
|Social events|856|1,886|
|100Club|360|310|
|Other income|-|-|
||1,216|2,196|
|Investment income|||
|Bankandbuildingsocietyinterest|-|169|



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## NOTES TO THE ACCOUNTS 

## Note 3: Expenditure 

|Note 3: Expenditure|||
|---|---|---|
||2025|2024|
|Raising funds|£|£|
|Subscriptions and donations|||
||-|-|
|Social activities|-|#|
|100Club prizes|140|205|
||140|205|
|Charitable activities|||
|Orchestra feesand expenses<br>Soloist'sfees<br>Conductors’ feesandexpenses -concerts<br>Hireofconcert halls<br>Hireofmusic -concerts<br>Performing rights<br>Hire ofinstruments and equipment|8,905<br>3,200<br>2,620<br>12,782<br>2,048<br>685<br>-|10,200<br>3,400<br>2,620<br>13,262<br>1,249<br>71<br>-|
|Advertisingand printing<br>Sundry<br>Costsdirectly related toconcerts|3,680<br>1,866<br>35,786|3,214<br>480<br>34,496|
|Conductors’feesandexpenses -rehearsals<br>Hireofrehearsal hall<br>Hire ofmusic - rehearsals|4,775<br>2,970|4,200<br>3,150|
||-|-|
|Othercosts|7,745|7,350|
|Total|43,531|41,846|
|Other|||
|Independent examiner'sremuneration|300|250|
|Postageand stationery|140|-|
|Insurance|380|354|
|ITcosts|343|-|
|Professionalfees relatingtoOrchestra Tax Reliefclaim<br>Sundryexpenses|2,508<br>80|1,440<br>169|
||3,751|2,213|



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## THE SOCIETY OF THE GUILDFORD SYMPHONY ORCHESTRA ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 CHARITY NO: 803751 

## NOTES TO THE ACCOUNTS 

## Note 4: Details of certain items of expenditure 

## Trustee remuneration, expenses and related party transactions 

No trustees were paid remuneration or expenses in either of the years ended 30 June 2025 or 2024. There were no related party transactions with any trustee in either of the years ended 30 June 2025 or 2024. 

|Fees forexamination of the accounts|||
|---|---|---|
||2025|2024|
|Independent examiner’s fee forreportingon the accounts|£<br>-|£<br>250|
|Note 5: Investment assets|||
|Currentasset investments|2025|2024|
|Carrying (market) value at beginning ofyear<br>Add: additions to investments at cost|37,653<br>-|34,241<br>-|
|Less: disposals at carryingvalue|-|-|
|Add/(deduct): netgain/(loss) on revaluation<br>Carrying (market) value atend ofyear|377<br>38,030|3,412<br>37,653|
|Analysis ofinvestments|||
||2025|2024|
||£|£|
|Investments listed on a recognised stockexchange orheld incommon|||
|investment funds, openended investment companies, unit trusts orother|||
|collectiveinvestmentschemes|38,029|37,652|
|The balance at30June comprises:|||
|COIFCharities InvestmentFund -98.41Accumulation Units<br>COIFCharitiesFixed Interest Fund - 1,330.07 Accumulation Units|24,891<br>13,138|25,356<br>12,296|
||38,029|37,652|



The Society received no income from the investments during the year (2024 - £nil). 

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## NOTES TO THE ACCOUNTS 

## Note 6: Debtors: amounts falling due within one year 

|Note 6: Debtors: amounts falling due withinwithin one yearyear|||
|---|---|---|
||2025|2024|
||£|£|
|Prepayments<br>Accrued income|362<br>15,852|233<br>12,049|
||16,214|12,282|
|Note 7: Creditors and accruals: amounts fallingduewithin oneyear|||
||2025|2024|
||£|£|
|Creditors -The Friendsofthe Guildford Symphony Orchestra|1,843|1,578|
|Accruals|-|1,811|
|Deferred income|-|Z|
||1,843|3,389|



## Note 8: Movements of major funds 

|Note8:Movementsof majormajorfunds|||||||
|---|---|---|---|---|---|---|
|Note 8: Movements of majormajor funds|Fund|||||Fund|
||balances|||||balances|
||brought|Incoming|Outgoing|Gains|and|carried|
||forward|resources|resources|losses||forward|
|2025|£|£|£|£||£|
|Fund names|||||||
|General fund|18,525|42,713|(47,282)||-|13,956|
|Social fund|11,512|1,216|(140)||-|12,588|
|Jellinekfund|27,523|-|-||377|27,900|
||57,560|43,929|(47,422)||377|54,444|
|2024|||||||
|Fund names|||||||
|General fund|22,626|39,958|(44,059)||-|18,525|
|Social fund|9,521|2,196|(205)||-|11,512|
|Jellinekfund|24,111|-|-|3,412||27,523|
||56,258|42,154|(44,264)|3,412||57,560|



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## NOTES TO THE ACCOUNTS 

Note 9: Concerts 

|Note 9: Concerts|||||||||
|---|---|---|---|---|---|---|---|---|
||||Una Clark|Mar2025|||||
||Sept2024|Nov2024|Young|Charter-|June 2025|Total 2024-|Total 2023-|Total 2022-|
||Family|G-Live|Artists|house|G-Live|25|24|23|
||£|£|£|£|£|£|£|£|
|Income|||||||||
|Ticketsales|2,310|6,947|2,400|2,903|6,225|20,785|22,808|14,282|
|Ticket sellingcosts|(75)|(982)|(109)|(174)|(218)|(1,558)|(2,670)|(912)|
|Programme sales|-|-||-|-|-|:|-|
||2,235|5,965|2,291|2,729|6,007|19,227|20,138|13,370|
|Expenditure|||||||||
|Orchestra feesandexpenses|1,245|3,065|670|1,280|2,645|8,905|10,070|6,967|
|Soloist'sfees|350|600|1,250|500|500|3,200|3,400|1,000|
|Conductors’ feesandexpenses -conc|410|600|410|600|600|2,620|2,620|1,800|
|Hireofconcert halls|1,425|5,640|537|746|4,435|12,783|13,262|9,274|
|Hireofmusic|175|238|159|1,174|303|2,049|1,248|1,550|
|Performing rights(where separate)|75|-|93|94|422|684|71|71|
|Hire of instruments and equipment|-|-||-|-|-|-|-|
|Advertising and printing|1,196|890|970|223|368|3,647|3,139|1,605|
|Sundry|129|106|255|209|817|1,516|480|206|
||5,005|11,139|4,344|4,826|10,090|35,404|34,290|22,473|
|PROFIT/(LOSS)|(2,770)|(5,174)|(2,053)|(2,097)|(4,083)|(16,177)|(14,152)|(9,103)|



In the above analysis, rehearsal costs are not allocated to individual concerts. 

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