IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.9.23 31.8.24 31.8.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078432362023-08-31078432362024-08-31078432362023-09-012024-08-31078432362022-08-31078432362022-09-012023-08-31078432362023-08-3107843236ns0:CharitableCompanyLimitedByGuarantee2023-09-012024-08-3107843236ns15:PoundSterling2023-09-012024-08-3107843236ns11:FRS1022023-09-012024-08-3107843236ns11:IndependentExaminationCharity2023-09-012024-08-3107843236ns11:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107843236ns11:FullAccounts2023-09-012024-08-3107843236ns11:CharitiesSORP2023-09-012024-08-3107843236ns16:EnglandWales2023-09-012024-08-3107843236ns11:RegisteredOffice2023-09-012024-08-3107843236ns0:Trustee32023-09-012024-08-3107843236ns0:Trustee22023-09-012024-08-3107843236ns0:Trustee12023-09-012024-08-3107843236ns0:Trustee42023-09-012024-08-3107843236ns0:Trustee52023-09-012024-08-3107843236ns0:Activity82023-09-012024-08-3107843236ns0:TotalUnrestrictedFundsns0:Activity82023-09-012024-08-3107843236ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3107843236ns0:Activity82022-09-012023-08-3107843236ns0:TotalUnrestrictedFunds2023-09-012024-08-3107843236ns0:TotalRestrictedIncomeFunds2023-09-012024-08-3107843236ns0:TotalUnrestrictedFunds2023-08-3107843236ns0:TotalRestrictedIncomeFunds2023-08-3107843236ns0:TotalUnrestrictedFunds2024-08-3107843236ns0:TotalRestrictedIncomeFunds2024-08-3107843236ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-08-3107843236ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-08-3107843236ns10:WithinOneYear2024-08-3107843236ns10:WithinOneYear2023-08-310784323632023-09-012024-08-3107843236ns0:TotalUnrestrictedFundsns0:Activity82022-09-012023-08-3107843236ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-09-012023-08-3107843236ns0:TotalUnrestrictedFunds2022-09-012023-08-3107843236ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31
REGISTERED COMPANY NUMBER: 07843236 (England and Wales)
REGISTERED CHARITY NUMBER: 1145130














Report of the Trustees and

Financial Statements for the Year Ended 31 August 2024

for

The Cardiff Philharmonic Orchestra
(A Company Limited by Guarantee)

The Cardiff Philharmonic Orchestra

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 14

The Cardiff Philharmonic Orchestra (Registered number: 07843236)

Report of the Trustees
for the Year Ended 31 August 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Cardiff Philharmonic Orchestra is controlled by its governing document, the articles of association, and constitutes a company limited by guarantee, as defined by the Companies Act 2006, and is a registered charity.

Public Benefit Delivery, Charitable Purposes and Objectives
The Cardiff Philharmonic Orchestra's objects are to advance the education of the public in the appreciation of the art and science of music in all of its aspects by the presentation of public concerts and recitals and by such other ways as shall be decided from time to time.

Organisational Structure
The Cardiff Philharmonic Orchestra is controlled by the directors who supervise its activities. The directors met formally ten times during the year. Advice and assistance from players and external advisers are made use of as and when appropriate.

Risk Management
The directors have a duty to identify and review the risks to which the Cardiff Philharmonic Orchestra is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07843236 (England and Wales)

Registered Charity number
1145130

Registered office
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Trustees
M Bell MBE
L S Robinson
M S May
P F Randerson
J Scott


The Cardiff Philharmonic Orchestra (Registered number: 07843236)

Report of the Trustees
for the Year Ended 31 August 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
John Huw Palin FCA
BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA


The Cardiff Philharmonic Orchestra (Registered number: 07843236)

Report of the Trustees
for the Year Ended 31 August 2024


ACTIVITIES AND FINANCIAL OVERVIEW
Activities
During the financial year the Cardiff Philharmonic Orchestra gave 5 concerts. Two concerts were given in Llandaff Cathedral. Film Night Concerts were given at Blackwood Miners' Institute and the New Theatre Cardiff, a new venue for the orchestra; and one concert was given at Hoddinott Hall, Cardiff.

Financial Performance
A surplus of £55,391 was recorded during the year (year ended 31 August 2023 - surplus £11,167).

Total incoming resources for the year were £87,983 (year ended 31 August 2023 - £46,368), of which £51,559 (year ended 31st August 2023 - £nil) related to the establishment of the Claire Frankcom Fund for Young Soloists.

Reserves Policy
The directors seek to maintain a level of reserves that will provide financial support for a minimum of ten orchestral concerts.

Investment Policy and Objectives
Cardiff Philharmonic Orchestra invests surplus funds for the short to medium term on the best terms available for the period of time for which the funds are available.

RISK ASSESSMENT

Any perceived risks are considered at the regular Board meetings and any necessary actions are then implemented to reduce the risk areas of greatest concern.

ST. DAVID'S HALL

St. David's Hall, the Cardiff Philharmonic Orchestra's main venue for many years, remains closed. It is unlikely that St. David's Hall will re-open until Autumn 2026 at the earliest. With the ongoing closure of St David's Hall, the orchestra has performed successful concerts at Llandaff Cathedral, the New Theatre, Cardiff and BBC Hoddinott Hall.

THE CLAIRE FRANKCOM FUND FOR YOUNG SOLOISTS (CFFYS)

In October 2023 Claire Frankcom's aunt, Miss Gwyneth Lewis, provided an endowment of £50,000 to the orchestra to establish the Claire Frankcom Fund for Young Soloists. The fund is to be used to provide funding to engage young soloists for concerts presented by the Cardiff Philharmonic Orchestra.

The Fund was used in October 2023 to present the exciting young guitarist, Pavel Ralev, in a performance of Rodrigo's Concierto de Aranjuez at Llandaff Cathedral.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of The Cardiff Philharmonic Orchestra for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


The Cardiff Philharmonic Orchestra (Registered number: 07843236)

Report of the Trustees
for the Year Ended 31 August 2024


STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 4 February 2025 and signed on its behalf by:





M S May - Trustee

Independent Examiner's Report to the Trustees of
The Cardiff Philharmonic Orchestra


Independent examiner's report to the trustees of The Cardiff Philharmonic Orchestra ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I 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.








John Huw Palin FCA

BPU Limited
Chartered Accountants

6 February 2025

The Cardiff Philharmonic Orchestra

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 August 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 34,722 50,000 84,722 46,221

Investment income 2 1,702 1,559 3,261 147
Total 36,424 51,559 87,983 46,368

EXPENDITURE ON
Costs of generating funds 32,592 - 32,592 35,201


NET INCOME 3,832 51,559 55,391 11,167
Transfers between funds 10 940 (940 ) - -
Net movement in funds 4,772 50,619 55,391 11,167

RECONCILIATION OF FUNDS
Total funds brought forward 55,532 - 55,532 44,365

TOTAL FUNDS CARRIED FORWARD 60,304 50,619 110,923 55,532

The Cardiff Philharmonic Orchestra (Registered number: 07843236)

Balance Sheet
31 August 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Investments 6 - 35,000 35,000 -

CURRENT ASSETS
Debtors 7 4,509 1,106 5,615 6,622
Investments 8 35,000 10,000 45,000 -
Cash at bank 26,408 4,513 30,921 49,960
65,917 15,619 81,536 56,582

CREDITORS
Amounts falling due within one year 9 (5,613 ) - (5,613 ) (1,050 )

NET CURRENT ASSETS 60,304 15,619 75,923 55,532

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,304

50,619

110,923

55,532

NET ASSETS 60,304 50,619 110,923 55,532
FUNDS 10
Unrestricted funds 60,304 55,532
Restricted funds 50,619 -
TOTAL FUNDS 110,923 55,532

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The Cardiff Philharmonic Orchestra (Registered number: 07843236)

Balance Sheet - continued
31 August 2024


These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 4 February 2025 and were signed on its behalf by:





M S May - Trustee





L S Robinson - Trustee

The Cardiff Philharmonic Orchestra

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities. Orchestra Tax Credit Relief is credited in the accounting period in which it is received.

Investments
Investments comprise fixed term deposits that mature after more than twelve months. Fixed term deposits that mature in less than twelve months are included in current assets.

2. INVESTMENT INCOME
2024 2023
£ £
Interest received 3,261 147


The Cardiff Philharmonic Orchestra

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

Trustees' expenses of £45 were paid in the year ended 31 August 2024 (2023: £35).

4. STAFF

The charity employs no staff.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 46,221 - 46,221

Investment income 147 - 147
Total 46,368 - 46,368

EXPENDITURE ON
Costs of generating funds 35,201 - 35,201


NET INCOME 11,167 - 11,167


RECONCILIATION OF FUNDS
Total funds brought forward 44,365 - 44,365

TOTAL FUNDS CARRIED
FORWARD

55,532

-

55,532


The Cardiff Philharmonic Orchestra

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Cash on deposit 35,000 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Concert debtors - 1,276
Other debtors and prepayments 5,615 5,346
5,615 6,622

8. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Cash on deposit 45,000 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Accruals and other creditors 5,613 1,050

10. MOVEMENT IN FUNDS
Net Transfers
movement between
At 1/9/23 in funds funds At 31/8/24
£ £ £ £
Unrestricted funds
General fund 55,532 3,832 940 60,304

Restricted funds
Claire Frankcom Fund for Young
Soloists

-

51,559

(940

)

50,619

TOTAL FUNDS 55,532 55,391 - 110,923

The Cardiff Philharmonic Orchestra

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 36,424 (32,592 ) 3,832

Restricted funds
Claire Frankcom Fund for Young
Soloists

51,559

-

51,559

TOTAL FUNDS 87,983 (32,592 ) 55,391


Comparatives for movement in funds

Net
movement
At 1/9/22 in funds At 31/8/23
£ £ £
Unrestricted funds
General fund 44,365 11,167 55,532

TOTAL FUNDS 44,365 11,167 55,532

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 46,368 (35,201 ) 11,167

TOTAL FUNDS 46,368 (35,201 ) 11,167

The Cardiff Philharmonic Orchestra

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between
At 1/9/22 in funds funds At 31/8/24
£ £ £ £
Unrestricted funds
General fund 44,365 14,999 940 60,304

Restricted funds
Claire Frankcom Fund for Young
Soloists

-

51,559

(940

)

50,619

TOTAL FUNDS 44,365 66,558 - 110,923

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 82,792 (67,793 ) 14,999

Restricted funds
Claire Frankcom Fund for Young
Soloists

51,559

-

51,559

TOTAL FUNDS 134,351 (67,793 ) 66,558

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.


The Cardiff Philharmonic Orchestra

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


12. MEMBERSHIP

The liability of the members is limited to £1 during membership, or within one year after resignation, as may be required on the occasion of the winding up of the company. There were 99 members as at 31 August 2024 and 2 resignations during the year (31 August 2023 - 98 members and 2 resignations).