Finance Score: 5

Governance Score: -8

Support Score: 0

Liabilities <10%: +3
Excess liquidity: -1
Strong growth: +2
Multiple Deficits: -2
Fundraising costs low: +3

Only 4 Trustees: -1
Narrow trustee age band: -2
Very static board: -5

No supporters identified

Overall GiG Score: -3

SOUTHBANK SINFONIA FOUNDATION

SOUTHBANK SINFONIA FOUNDATION EXISTS TO SUPPORT THE WORK OF THE ORCHESTRA SOUTHBANK SINFONIA (REG NO.1092461) WHICH ITSELF TRANSFORMS GRADUATE MUSICIANS? PROSPECTS, GIVING THEM A VITAL SPRINGBOARD INTO THE PROFESSION. THE FOUNDATION FORTIFIES WHAT THE ORCHESTRA IS ABLE TO ACHIEVE, ENABLING IT TO FULFIL AMBITIOUS ARTISTIC PLANS, SAFEGUARDING THE VITAL ROLE IT PLAYS IN BRITAIN?S MUSICAL ECOLOGY.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
There are only 4 trustees
The Board composition appears to be very static and has little diversity in terms of age

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/12/22		£879	£620	£259	£0	£1,795	£1,014	19.6	0
31/12/21	*	£51	£627	£-576	n/a	n/a	n/a	n/a	n/a
31/12/20		£65	£280	£-215	n/a	n/a	n/a	n/a	n/a
31/12/19		£68	£102	£-34	n/a	n/a	n/a	n/a	n/a
31/12/18		£49	£56	£-7	£0	£0	£0	n/a	0
31/12/17		£2,390	£109	£2,281	£1	£2,298	£2,298	253.2	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1.9%
Fundraising Costs/Total Spending: 2.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 56%
Reserves/Spending: 19.6 months
Net Current Assets/Spending: 15 months
Quick Ratio: 64

Asset Split ?

Established: 8 years

www.southbanksinfonia.co.uk/foundation

foundation@southbanksinfonia.co.uk

02079210370

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Disability
Education/Training

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 56-72

DUNCAN SUTHERLAND Appointed: 2016, Occupation: Company Director

DR JOHN MICHAEL BERMAN CBE Appointed: 2016, Other trusteeships: THE VOX MUSICA TRUST, SPIRITATO,

MARY CICELY FLORENCE MONFRIES Appointed: 2016, Occupation: Chartered Accountant, Other trusteeship: CROSSROADS RETREATS,

JULIUS PEREGRINE HAROLD SHEPHERD WOLFF-INGHAM Appointed: 2016, Occupation: Charity Executive, Other trusteeship: ROYAL BRITISH LEGION POPPY FACTORY LIMITED,

Legal constitution

Charitable company registered in England & Wales on 07/10/2016, number: 1169535
Registered at Companies House on 18/07/2016, number: 10284465

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Investment
Risk management

Filing Record

6 returns made; AR21: 46 days late,

Main office

St. John's Smith Square
Smith Square
LONDON
SW1P 3HA

Objectives

FOR THE PUBLIC BENEFIT, TO(1) RELIEVE UNEMPLOYMENT, POVERTY AND PROTECT THE HEALTH OF YOUNG MUSICIANS;(2) ADVANCE THE EDUCATION OF THE PUBLIC IN THE ART AND SCIENCE OF MUSIC BY SUPPORTING THE ACTIVITIES OF SOUTHBANK SINFONIA (THE ORCHESTRA) IN COOPERATION WITH THE ORCHESTRA'S SENIOR MANAGERS AND TRUSTEES IN PARTICULAR BUT NOT EXCLUSIVELY BY PROVIDING FINANCIAL AND OTHER SUPPORT TO:(A) ENABLE THE ORCHESTRA TO INNOVATE AND UNDERTAKE NEW ACTIVITIES;(B) EXTEND WHAT THE ORCHESTRA OFFERS BY PROCURING FURTHER PREMISES FOR PERFORMANCE, REHEARSAL AND OTHER ACTIVITIES; AND(C) MAKE GRANTS AND BURSARIES TO ASSIST THE ORCHESTRA'S INDIVIDUAL BENEFICIARIES.

Data Sources