APPENDIX 1 oscr,- Period slarl dale Month Year Poriod end dale Monlh Year July Day 1st Day 31st 2023 2024 Office of the Scollish Charity Regulator Reference and administration details Charity name Other names charity is known by Reglstered charity number Charlty's prlnclpal address GLASGOWORCHESTRAL SOCIETY NIA SC007359 Names of the charity trustees on date of approval of Trustees, Annual Report Name of person (or body) entitled to appoint trustee (if any) Trustee nam9 Office (if any) Dates acted11 not forwhole year PRESIDENT TREASURER SECRETARY LIBRARIAN GENERAL GENERAL GENERAL GENERAL 10 | 11 12 13 14 15 16 17 18 19 20 APPENDIX I Names of all other charlly trustees durlng the porlod, if any, (for example, those who reslgned part way through the flnanclal period) Dat&$ actèd if not for whole year Type of governing document Glasgow Orchestral Society is an unincorporaled charitable association, governed by a Conslitulion. The membership elects a management committee to oversee the running of Ihe Orchestra. Twstee recruitment and appolntment The Trustees are appointed by the members 81 Ihe Annual General Meeting. through an electoral pioces5, The AGM is usually held in May or June each year where accounts lo dale are pff senled. The Trustees approve the Accounts as soon as possible after the financial year end on 31 July before handing all relevant paperwDrk lo the Independent Examiners. Once this is complete all mefnbers are given a copy of the Annual Accounts. (Previously an EGM was called lo approve the accounts however conslilulionally this is not ne￿SsarY I Charltable purposes The purpose of the charity, as recorded in our ccfflslitulion, is to promote and encourage the sluojy, piaclice, public appreciation and performance of music in Glasgow and the surrounding dislricl, and other education and social purposes connected Iherewilh. Summary of the main activities in felatlon to these objects The orchestra performed 4 cOn￿rIS in Glasgow this season. This gave maximum practice for members and more members of the public were able lo attend live concerts. APPENDIX I Summary of the maln achlevemenls of Our Oclober concefl was an unusual combination of a very known the charlty durlng the financial period symphony paired alongside a more modern symphony. Our conductor f this ccncarl was performing with us for the firsl tim8. In December we performed a concert foaturing Music from th8 Movies. This was an inlgraclive concert to engage 8 wider audience. The conductor spoke lo the audience between pieces and one piece encouraged thè audiern￿ lo turn in lo performers by singing along. This was a sell out concert which is good for m8mbers and the Glasgow public. Our March concert fealured a young piano soloist from the Royal Conservalo¢re of Scotland, performing a popular concorto which was very popular wilh our audience and rnèmbèrs. Our summer term saw arK)Iher new conductorjoin us and w8 performgd a concert with a mix of unusual pioces by Brits'sh composers alongsid9 symphony by a popular composer, Borodin. Finah¢ial rov.ibw Bri8f statement of tho charlty's policy on res0￿95 Our policy on reseTV8S Is lo rglain a balancè in thè aecounls equivalent lo 6 months of the spending necessary lo continu& with our obj9elivas, assumiw no income apart from an adjuslmenl for membership SLJbscriplions. This evenlualily is exlremely unlikely, bul this allows for unforeseen circumstances. This equates lo approximately £S,000. The Trusleos will review this amount and the policy every three years. Details of any deflcit There was a deficsl of £2195 in the workino account for this financial year, 2023-24, however due lo using a cash reporting system, signilic8nl funds relating lo this yoar were nol rgceived lo the bank before the fiiiancial year end. Gift Aid of approximately £2,600 and oulslanding lickel income of approximately £1400 are expected. This would have led lo a profit this year with concert 4 br6aking even. Donated faeilltles and servlces (if any) None, all facilities and services arg paid for. APPENDIX 1 As well as main operating account, GOS had an Additional Activities" current account. This ac(x)unt will be used for exira @vents in future and currently holds a small float lo keep il open. GOS also has a Saviws Aceount which CLwrenlly holds significant funds, primarily due lo a generous donation from a large company. Thosa funds will be used for future adiviligs as determined by the orchestra. The Slalement of Balances page now shows a15 funds b81onging lo the orche51ra and our surplus is healthy. Future discussion will lake place lo decide on how this money will be used lo further the objectives of the youp. The trustees declare that they have approved the trustees. Yoport abovè. Signed on behalf of the charity's trustees Position le.g. Chalrl Presi(Jenl Treasurer Date ir)131LS GLASGOW ORCHESTRAL SOCIETY INCOME & EXPENDITURE ACCOUNT SEASON 2023-24 OPERAMNG ACCOUNT SUB- TOTAL SURPLUSI IDEFICITI INCOME EXPENDITURE Member Sub5(rfplons 10785.00 Rehearsal Hall Condudor Coaching Ma￿ng Mu51C'. Subscription, Insuranc8 & PRS Charitable Donat￿n5 PasVFulur8 Season payments Instrumen15 & Equipment Cornmiltee expenses Mi8cell8neous Scotland Tour July 23 Addilional Act￿ltIeS Transfer to savirigs accounl 5277.75 4715.00 250.00 Grants 0.00 759.33 110.00 0.00 0.00 10.79 255.06 6.99 836.51 7500.00 19721.43 DonatlonslFundrak8ng Gift Aid 150 DonalionslFundralslno Bank Interest MSscellan¢ous Tea Break Donations Additbnal A¢tivltièÈ 8133.36 0.00 o.oo 0.00 54.99 137.77 220.00 0.00 19331.12 1390.311 CONCERT A¢¢OUNTING Ctl-23 Dgrr23 Mai-24 May-24 CONCERT INCOME Tickets DonalDnsllnl8rval drinks Raffl81 Programme adverts & $ales 1607.10 54.65 392.00 125.43 2179.18 4880.00 3317.65 3LX).00 340.30 2550.LK) 415.OD 54.63 335.32 183.95 200.IXI 174.50 14930.53 CONCERT EXPENSES 740.00 0.00 1800.( 250.00 0.00 1800.00 300.00 350.00 770.00 0.00 250.00 Sobisl Additional Players Hire ol.. Instrument Music Flyors & Progs MlscÈll3neous 494.50 788.14 207.89 182.66 2413.19 1869.00 1910.42 302.17 1317.16 7448.75 747.C() 350.40 178.77 694.17 4420.34 612.00 535.32 236.53 49.49 2453.34 16735.62 SurplusllDefiGitI 234.01 1389.20 1495.84 1464.44 11805.091 SURPLUSIIDEFICITI FOR YEAR 12195.401 BALANCE @ 1 AUGUST 2023 S086.62 BALANCE 31 JULY 2024 BEING: CURRENT ACCOUN7S 2891.22 GLASGOW ORCHESTRAL SOCIETY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST JULY 2024 Notes Year ended 31 July 2024 Yèar ended 31 July 2023 Recelved: Membership subscriptions Miscellaneous income Grants Gift Aid Rebate Teabreak Profil 150 Donations Donations Additional Activities Scotland Tour July 23 Total donations. grants and membership 10785.00 54.99 o.,)0 o.jo 137.77 O.DO 8133.36 220.DO O.DO 19331.12 8910.00 0.00 0.00 4038.26 239.72 0.00 78.10 1721.35 8650.00 23637.43 October concert December concert March concert May concert Total concert Inc￿Me 2179.18 8837.95 2924.50 988.90 1493053 3688.63 5662.29 8374.81 3278.80 21004.53 Bank Interest Total Received 0.00 34261.65 0.00 44641.96 Paid: Hiro of rehearsal hall Musical direGlion Music & equipment PasllFulure payments Total cost ol charitable activities 5277.75 4965.00 0.00 000 10242.75 5108.94 4675.00 173.37 17.25 9974.56 Concert hal Soloist fee Additional players Instrument Hire Music Hire Flyers and Programmes Concert Expenses- Misc Total cost of concert activities 5110.00 550.00 600.00 3722.50 3584.28 925.36 2243.48 16735.62 8880.00 2661.60 650.00 2853.40 1982.57 1337.37 3186.83 21551.77 Additional Activities Making Music payments Commillee Expenses Miscellaneous Expenses Charitable Donations Scotland Tour July 23 Transfer to savings Total administration costs Total Paid 836.51 759.33 10.79 255.06 11Q.00 e.99 750C,.00 9478.68 36451.05 3915.05 1330.65 153.49 937.30 199.10 8650.00 0.00 15185.59 46711.92 Excess of receipts over paymentsl (payments over recèipts) 2195.40 2069.96 GLASGOW ORCHESTRAL SOCIETY STATEMENT OF BALANCES FOR THE YEAR ENDED 31ST JULY 2024 Yoar 8nded 31 July 2024 Year end6d 31 July 2023 Balances: Opening balance 5086.62 7156.58 SurplusllDefiatl from Rrfeipls and Payments account {2195.40) 12069.96} Closing Balance 2891.22 5086.62 Summary of Bank Accounts: BOS- Main Account 2891.22 5086.62 BOS- AddSllonal Activitles Account 156.25 1158.75 BOS- Savings Account 13510.28 4802.29 To181 balances 16557.75 11047.66 Note., 1 1. The Additional Activities account was used primarily for income and expense for the July 2023 lour. 12. The Savings Account includes previously ringfenced rnonies and a donation of £7,500 whl¢h Ihe members and I commiltee will decide how lo use lo further our conslitulional aims. Glasgow Orchestral Society SC007359 Notes to the Accounts- For the year ended 31 july 2024. Main O eratin Account. The Incorne & Expenditure Account page give5 detai15 of the totals which are stated on the Receipts and Payments Accounts page in relation to concerts and all transactions relate to the main operating account. The Statement of Balances includes the balances for the main operating account, an extra current account used for additional activities over and above a standard season for the orchestra and the Savings account. Some explanatory notes ielating to the headings or tompaiison to the prevlous year.. l. Membership Subscriptiorbs: 2024 amount is higher than 2023. 2. The Gift Aid rebate was applied for in June but was not received before the financial year end. We received £2,626.71 in August 2024. 3. Additional Activities.. These transactlon5 cover extra events organised by GOS which span two accounting periods. 4. Scotland Tour July 23.. The incorne and expenditure balances in this account are final amounts which occurred in this financial year. 5. The figures in the concert income are totals, the breakdowns are shown on the Income & Expenditure page. 6. In comparison to the previous year the concert venue costs are lower. This is because one concert venue last year was more expensive than our usual venues. The costs this year are more indicative of a normal year. 17) V Ln tr Ln o o 00 ryi o OObOO Ln 17) rt rf> rq m oscr Independent examiner's report on the accounts Report to the Irusteeslmemb¢rs GLASGOW ORCHESTRAL SOCIETY Registered cha¥ily number SC007359 On the accounts of the charity for the period Peritsj start dale Monl August Period end dale Month July Day Year Day Year 1st 2023 to 31" 2024 Set out on paqes Irvhen*>er to includ&the pagè Respective The char(ly's trustèes are responsible for the preparation of the accounts in accordance responsibilities of with the temis of the Charities and Trusleo Inveslmenl Iscollandl 2005 Act and tho trustees and examiner Charitiès Accounts Iscollandl Regulations 2006. The charity truslggs consider that tha audit requirement of Regulation 10111 Id) of the Accounts R8gulalions does not apply. 11 IS Tny responsibility to examine the accounls as required undèr section 44111 Icl of the Act and lo slate whether particular mallers hav9 come lo my aiiènlion. Basis of independent My examination is Carried out in accordan￿ with Regulation 11 of the Charili6s examiner'5 Statement Accounts (Scollandl Régulations 2006. An examination includes a review of the accounting recoids kept by the chaiity and a comparison of the accounts presented with those records. It also includes ¢onsideralion of any unusual items or disclosures in the accounts and seeks explanations from the Iiuslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and, consoqugntly, I do not express an audit opinion on th& acwunls. Independent examine¢s In the course of my ex2minalion, no maller has come to my attention statement which gives me reasonable cause to believe that in any m8teri81 respect the requirements. lo keep accounting records in acCOrda￿e with seclion 4411 } lal ol the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and lo prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations hav8 riot be&n mel, or to which, in my opinion, allenlion should be drawn in order lo ènable a PrO￿r Liiiderstandin of the accounts lo be reached. Signed: Name.. Relevant professional qualificationls) or body lif any): Dato: Address: 'PleJse delele the words In Ihe brtGt