Charity registration number 1116089 (England and Wales)
Company registration number 05877721
ORCHESTRA EUROPA LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
ORCHESTRA EUROPA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Scott Ellaway
Mr Rory Watts
Dr Jonathan White
Secretary
Mr Jeremy Kirk
Country of incorporation
1116089
Charity registration
05877721
Registered office
23 Nevill Street
Abergavenny
Monmouthshire
NP7 5AA
Accountants
UHY Hacker Young
Bradbury House
Mission Court
Newport
Gwent
United Kingdom
NP20 2DW
ORCHESTRA EUROPA LIMITED
CONTENTS
Page
Trustees report
1 - 3
Accountants' report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 10
ORCHESTRA EUROPA LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 July 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011, the Companies Act 2006 and "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).

Objectives and activities

The charity's objects are:

- The promotion of education and training in music (in particular in the art of performance of orchestral music) for young people.

- To educate the public in the art of music by promoting public performances, concerts and recitals.

- The relief of unemployment in particular among young people and those studying music or training for a musical career.

Orchestra Europa is a pioneering UK-based organisation. Its aim is to change the lives of young people through the medium of classical music and to enhance the future of orchestral playing. Through combining performance opportunities and educational initiatives, Orchestra Europa nurtures new talent in a supportive and motivating environment.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.

Aims of charity

The overarching aim of Orchestra Europa is to change the lives of young people through the medium of classical music. The core of its work is the inspiring and enriching of a future generation of audiences and players through furthering the learning and development of young musicians at the start of their careers.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

ORCHESTRA EUROPA LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
Achievements and performance

The charity had minimal activity due to continued recovery from Covid.

Orchestra Europa is, above all else, dedicated to creating a future for classical music. We believe education is the single most effective way to achieve this. Our musicians are educators, whether they are performing in an educational broadcast, concert, or on tour. The priority is to re-understand the relationship between musician and listener.

As a direct response to the above mission statement we have developed the following three key programme areas:

Access

Through strategic partnership we engage with schools and educational authorities on a global scale. We promote the art of music making that utilises our fellows and associates as tutors. This in turn helps to create a continuous cycle of musical education, one that is sustainable indefinitely.

Youth

We support postgraduate musicians who are invited to spend up to three years as fellows or associates with the orchestra. Through performance opportunities we stretch their group playing skills alongside international artists. In addition our mentoring programme provides a valuable skills-exchange forum allowing our musicians to work with leading players from some of the world's greatest orchestras.

Orchestra

Our musicians are educators, whether they are performing in and educational broadcast, concert, or on tour. The priority is to re-understand the relationship between musician and listener, in doing so we disrupt the status quo.

We believe the above programme offers Orchestra Europa Limited exciting opportunities for future collaboration which in turn supports the overall aim in creating a future for classical music.

Financial review
Reserves policy

The Trustees' reserve policy is to achieve a position whereby the charity has reserves which equate to approximately 5% of the estimated annual budget to act as a contingency to cover and unforeseen expenditure. This has not been possible during the financial year end. However, we are actively working to achieve this position within the next year.

The charity continues to broaden its fundraising with continued support from trusts and foundations, a strong base of individuals and friends, and a small number of corporates who help with core funding and gifts in kind.

The unrestricted fund is in deficit at the year end. This is due to governance incurred exceeding the funds raised within the year. There have been some challenging years in terms of fundraising and as such the Trustees' took out a loan to cover future governance costs. The Trustees are confident that fundraising will return to normal within the next year.

Plans for future periods

The Trustees expect the charity to continue to educate and train young people in the art of orchestral music.

Due to Covid-19, the fundraising ability of the charity was impacted. As such the Trustees' took steps to cover short-term liabilities (including taking a loan to cover short term debts). We expect fundraising to increase within the next year allowing the charity to return to normal practice.

Structure, governance and management

The charity is a company limited by guarantee.

Orchestra Europa is a company limited by guarantee and registered as a charity under the Charities Act. The charitable company is governed by its Memorandum and Articles of Association. Orchestra Europa was incorporated as a company on 17 July 2006 (registered company number 05877721 and registered by the Charity Commission on 12 September 2006 charity number 1116089).

ORCHESTRA EUROPA LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 3 -

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr Scott Ellaway
Mr Rory Watts
Dr Jonathan White
Mrs Lynwen Brennan
(Resigned 30 October 2024)

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The charity is committed to diversity in its makeup by recruiting Trustees with varied geographical, social, economic, environmental, business and cultural backgrounds and skills and by maintaining an age and gender balance.

Going concern

At 31 July 2025 the charity has negative funds of £10,988 (2024 - £11,563). The charity is therefore reliant on the support of its trustees who have made donations to meet liabilities since the year end and have committed to continue to do so for the foreseeable future. Having made appropriate enquiries and considered future cashflows of the charity the trustees are not aware of any reasons why the charity will not be able to meet its liabilities as they fall due for the foreseeable future. As a result, the trustees have continued to adopt the going concern basis of accounting.

The Trustees r eport was approved by the Board of Trustees.

Mr Scott Ellaway
Trustee
22 April 2026
ORCHESTRA EUROPA LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ORCHESTRA EUROPA LIMITED FOR THE YEAR ENDED 31 JULY 2025
- 4 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orchestra Europa Limited for the year ended 31 July 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Orchestra Europa Limited and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orchestra Europa Limited and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that Orchestra Europa Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Orchestra Europa Limited. You consider that Orchestra Europa Limited is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of Orchestra Europa Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

UHY Hacker Young
Chartered Accountants
Newport
NP20 2DW
United Kingdom
22 April 2026
ORCHESTRA EUROPA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
2
2,731
1,850
Total income
2,731
1,850
Expenditure on:
Charitable activities
3
2,156
1,003
Total expenditure
2,156
1,003
Net income and movement in funds
575
847
Reconciliation of funds:
Fund balances at 1 August 2024
(11,563)
(12,410)
Fund balances at 31 July 2025
(10,988)
(11,563)

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ORCHESTRA EUROPA LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 6 -
2025
2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
17
37
Creditors: amounts falling due within one year
9
5,110
5,705
Net current liabilities
(5,093)
(5,668)
Creditors: amounts falling due after more than one year
10
(5,895)
(5,895)
Net liabilities
(10,988)
(11,563)
The funds of the charity
Unrestricted funds
(10,988)
(11,563)
(10,988)
(11,563)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 22 April 2026
Mr Scott Ellaway
Trustee
Company registration number 05877721 (England and Wales)
ORCHESTRA EUROPA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
1
Accounting policies
Charity information

Orchestra Europa Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 23 Nevill Street, Abergavenny, Monmouthshire, NP7 5AA.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At 31 July 2025 the charity has negative funds of £10,988 (2024 - £11,563). The charity is therefore reliant on the support of its trustees who have made donations to meet liabilities since the year end and have committed to continue to do so for the foreseeable future. Having made appropriate enquiries and considered future cashflows of the charity the trustees are not aware of any reasons why the charity will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the trustees have continued to adopt the going concern basis of accounting.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4
Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Government grants are recognised under the accruals model in the periods to which the benefit of the grants relate.

1.5
Expenditure

Liabilities and related expenditure are recognised in full in the accounts as soon as obligation arises.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ORCHESTRA EUROPA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
2,731
1,850
Grants
-
-
3
Expenditure on charitable activities
Unrestricted costs
Unrestricted costs
2025
2024
£
£
Direct costs
Bank charges
50
58
Share of support and governance costs (see note 4)
Support
-
25
Governance
2,106
920
2,156
1,003
Analysis by fund
Unrestricted funds
2,156
1,003
4
Support costs allocated to activities
2025
2024
£
£
Support costs
-
25
Governance costs
2,106
920
2,106
945
Analysed between:
Unrestricted costs
2,106
945
5
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
ORCHESTRA EUROPA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 9 -
6
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

7
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

8
Loans and overdrafts
2025
2024
£
£
Bank loans
8,099
8,099
Payable within one year
2,204
2,204
Payable after one year
5,895
5,895
9
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
8
2,204
2,204
Accruals and deferred income
2,906
3,501
5,110
5,705
10
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
8
5,895
5,895
ORCHESTRA EUROPA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 10 -
11
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 August 2024
Incoming resources
Resources expended
At 31 July 2025
£
£
£
£
General funds
(11,563)
2,731
(2,156)
(10,988)
Previous year:
At 1 August 2023
Incoming resources
Resources expended
At 31 July 2024
£
£
£
£
General funds
(12,410)
1,850
(1,003)
(11,563)
12
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

13
Funds in deficit

The unrestricted fund was in deficit as at the year end, with a balance of £10,988 (2024 - £11,563).

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