Annual Report and AccountsCLO-crop-print.jpg

Year Ended July 31, 2016

OVERVIEW, AIMS & OBJECTIVES

The Central London Orchestra (CLO) is a dynamic amateur orchestra for players to share their passion for classical music in a fun and relaxed setting. The CLO is community-based and exists purely for its members' enjoyment. Key decisions are put to vote and the committee are all ears to new ideas.

ACTIVITY REVIEW

Central London Orchestra has made exciting progress in its first year of operations. After having been set up by a core group of players committed to a shared passion for playing classical music in a fun and relaxed setting, the society has grown significantly and is now well established on a stable footing.

The society’s first term ended with the concert of November 26, 2015 at St Mary-at-Hill Church. The programme for this concert was as follows

The society’s first term ended with the concert of March 12, 2016 at St Mary-at-Hill Church. The programme for this concert was as follows

The society’s first term ended with the concert of June 30, 2016 at St Mary-at-Hill Church. The programme for this concert was as follows

Over the course of the year the society has retained two conductors, each playing a significant role in its development. For the first two terms of the year the conductor was Susie Geeson while for the third term of the year the conductor was Nick Fletcher

FINANCIAL

The society’s finances for the year ended July 31, 2016 were as follows:

Term 1

Term 2

Term 3

Full Year

£

£

£

£

Revenue

Concert revenue

460.50

585.00

675.00

1,720.50

Membership fees

1,640.00

1,920.00

2,750.00

6,310.00

Total revenues

2,100.50

2,505.00

3,425.00

8,030.50

Expenses

AGM

(58.27)

(58.27)

Concert drinks

(30.00)

(40.00)

(83.73)

(70.00)

Concert drinks license

(25.00)

(25.00)

(25.00)

(75.00)

Concert venue hire

(220.00)

(220.00)

(247.50)

(687.50)

Conductor fee

(150.00)

(400.00)

(700.00)

(1,250.00)

Instrument transportation

(95.00)

(95.00)

Marketing

(80.00)

(80.00)

Public liability insurance

(40.00)

(119.50)

(159.50)

Purchased/hired music

(116.40)

(100.99)

(222.83)

(440.22)

Rehearsal venue hire

(840.00)

(700.00)

(700.00)

(2,240.00)

Website domain

(153.18)

(74.25)

(227.43)

Total expenses

(1,654.58)

(1,679.74)

(2,132.33)

(5,466.65)

Net income

445.92

825.26

1,292.67

2,563.85

Cash reconciliation - investments

Percussion

(864.00)

(864.00)

Total purchases

(864.00)

(864.00)

Bank balance at period end

445.92

1,271.18

1,699.85

1,699.85

Term-over-term revenue from both membership fees and concert ticket receipts increased significantly throughout the year over and above the slight rise in expenditure. As a result, the society finds itself in a strong financial position. Cash reserves at year-end were £1,699.85, this being net of percussion investment of £864.

The current policy of the committee is to maintain reserves at least equivalent to the level of non-discretionary expenditure required for one term of operations. The committee will also look to build up additional reserves allowing for key planned investments such as the purchase of new percussion instruments.

FUTURE PLANS

In the coming year, the society will look to continue its aims of supporting players to share their passion for classical music in the following ways:

STRUCTURE, GOVERNANCE & MANAGEMENT
The method of appointment of committee members is set out in the CLO constitution. At CLO, the minimum membership of the committee consists of a chair, a manager, a secretary and a treasurer, as well as any number of member advisors.

The committee members are responsible for making decisions on all matters of general concern and importance to the CLO, including deciding on how the funds of the CLO are to be spent.

The members of the committee for the year ended July 31, 2016 were as follows:

Chair: Kate Harbour

Secretary: Piaf Knight

Treasurer: Alfie Heath

Communications Manager: Katie Traver

Other Members: Chris Jack, Volf Frishling


Approved and signed on behalf of the committee: