Finance Score: 4

Governance Score: 8

Support Score: 6

Good reserves management: +3
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +6

Overall GiG Score: 18

THE LONDON SYMPHONY ORCHESTRA LIMITED

The principal activity of the LSO is the provision of a Symphony Orchestra for high quality musical performances, broadcasting and recordings and supporting this work with a music education programme designed to reach a wide range of people.

Analysis by Giving is Great

Positives:

Reserves management has been consistently within official guidelines
Fundraising costs are low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 17 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

On several occasions in recent years income has been less than spending

Established: 60 years
(119 years as a company)

www.lso.co.uk

admin@lso.co.uk

02073821116

Charity Commission for England and Wales

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	Volun- teers
31/07/22		£21,113	£18,338	£2,775	£1,147	£8,315	£7,848	5.1	67	2
31/07/21		£11,765	£12,240	£-475	£1,036	£5,554	£5,335	5.2	69	0
31/07/20	*	£16,609	£16,746	£-137	£1,737	£6,096	£5,603	4	85	33
31/07/19		£20,419	£19,691	£728	£1,910	£6,233	£5,839	3.6	81	27
31/07/18		£20,010	£19,183	£826	£1,871	£5,428	£4,915	3.1	80	2
31/07/17		£18,272	£16,983	£1,289	£1,593	£4,614	£4,181	3	79	0
31/07/16		£14,614	£14,699	£-86	£1,246	£3,542	£3,300	2.7	86	0
31/07/15		£16,719	£16,977	£-258	£1,197	£3,593	£3,343	2.4	78	0
31/07/14		£16,028	£15,980	£48	£1,200	£3,851	£3,605	2.7	78	0
31/07/13		£16,271	£16,492	£-221	£1,142	£3,803	£3,559	2.6	78	0
31/07/12		£16,506	£15,992	£514	£1,086	£4,024	£3,743	2.8	74	0
31/07/11		£17,682	£16,477	£1,205	£1,685	£3,516	£3,227	2.4	75	0
31/07/10		£15,735	£15,574	£161	£1,647	£2,304	£2,015	1.6	73	0
31/07/09		£16,052	£15,559	£493	£1,068	£2,137	£1,910	1.5	66	0
31/07/08		£13,632	£13,467	£165	£0	£0	£0	n/a	0	0
31/07/07		£14,186	£13,412	£774	£2,023	£1,428	£1,228	1.1	57	0
31/07/06		£11,363	£10,961	£402	£0	£0	£0	n/a	0	0
31/07/05?		£13,361	£12,395	£967	£0	£0	£0	n/a	0	0
31/03/04		£9,875	£9,800	£75	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 6.3%
Fundraising Costs/Total Spending: 6.3%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 27%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 94%
Reserves/Spending: 5.1 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.2

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Throughout London,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who works here?

67 employees
2 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£3,515,641
Garfield Weston Foundation	£398,820
City Bridge Trust	£40,573
BBC Children in Need	£30,000

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - WCF award - COVID19 response
£398,820	05/02/2021	Weston Culture Fund
City Bridge Trust - Grant to London Symphony Orchestra
£40,573	14/06/2020	£40,573 to fund the essential and urgent costs outlined in the application, in order to carry on providing support to Londoners.
BBC Children in Need - Grant to London Symphony Orchestra
£30,000	28/05/2020 36	This project will provide music sessions for children and young people facing severe, life-threatening or life-limiting illnesses. The activities will help increase communication skills, build family ....more This project will provide music sessions for children and young people facing severe, life-threatening or life-limiting illnesses. The activities will help increase communication skills, build family relationships and improve emotional wellbeing.
DCMS - National Portfolio Organisations 2018-2022
£2,246,641	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
DCMS - London Symphony Orchestra - Culture Recovery Fund
£846,000	01/04/2020	To support Arts and Culture throughout England
DCMS - London Symphony Orchestra - Culture Recovery Fund Two
£423,000	01/04/2020	To support Arts and Culture throughout England
Garfield Weston Foundation - Main Grants award
£20,000	05/06/2018	LSO Sing 2018/19 – an inspiring community singing programme engaging 1,000 people of all ages and cultural backgrounds from the LSO’s neighbouring boroughs of Hackney and Islington.
BBC Children in Need - Grant to London Symphony Orchestra
£29,952	10/08/2017 36	This project will provide music sessions in 3 east London hospitals to 1,200 children aged 0-15 who are facing severe, life-threatening or terminal illnesses. Children will benefit through reduced ....more This project will provide music sessions in 3 east London hospitals to 1,200 children aged 0-15 who are facing severe, life-threatening or terminal illnesses. Children will benefit through reduced anxiety, improved confidence and having fun.
Youth Music - Strategic Approach to Musical Inclusion – development of an east London-wide strategic approach to musical inclusion for young people with special educational needs or disabilities (SEND), working in partnership with nine Music Education Hubs.
£99,999	28/10/2016	Strategic Approach to Musical Inclusion – development of an east London-wide strategic approach to musical inclusion for young people with special educational needs or disabilities (SEND), working ....more Strategic Approach to Musical Inclusion – development of an east London-wide strategic approach to musical inclusion for young people with special educational needs or disabilities (SEND), working in partnership with nine Music Education Hubs.
City Bridge Trust - Grant to London Symphony Orchestra Limited
£172,000	10/04/2014 36	£172,000 over three years (£54,000; £58,000; £60,000) towards the delivery and evaluation of LSO Create: creative music making activity for adults with learning disabilities at LSO St Luke's, the ....more £172,000 over three years (£54,000; £58,000; £60,000) towards the delivery and evaluation of LSO Create: creative music making activity for adults with learning disabilities at LSO St Luke's, the Barbican and in residential/day care centres.
Esmee Fairbairn - Grant to London Symphony Orchestra Ltd
£289,351	03/11/2011	Towards the costs of creating Soundhub, a programme of support for emerging composers.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (17)

Current Trustees appointed

Gender Split

Based on 16/17 persons

Age Range of Trustees: 35-77

AMANDA TRUELOVE Appointed: 2023, Occupation: Musician

ANGELA BARNES Appointed: 2019, Occupation: Musician

BEN THOMSON Appointed: 2022, Occupation: Musician

DAME MARY MARSH Appointed: 2017, Occupation: Company Director

DANIEL JEMISON Appointed: 2023, Occupation: Musician

DAVID JACKSON Appointed: 2018, Occupation: Musician

HHJ ANUJA DHIR KC Appointed: 2023

HARRIET RAYFIELD Appointed: 2019, Occupation: Musician

JONATHAN MOULDS Appointed: 2011, Occupation: Banker

JAMES ALEXANDER THOMAS Appointed: 2022, Occupation: Head Of Hackney Music Service, Other trusteeship: SINFONIETTA PRODUCTIONS LIMITED,

JANIS ELIZABETH SUSSKIND Appointed: 2019, Occupation: Managing Director, Other trusteeships: ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION, Britten Pears Arts, BRITTEN SINFONIA LTD,

KATHRYN ALEXANDRA MCDOWELL Appointed: 2005, Occupation: Arts Manager, Other trusteeships: THE LONDON SYMPHONY ORCHESTRA ENDOWMENT TRUST, HENRY WOOD HALL LIMITED,

MAXINE KWOK Appointed: 2022, Occupation: Musician

PROFESSOR DAVID MICHAEL GANN CBE Appointed: 2021

RICHARD HARDIE Appointed: 2015, Occupation: Financial Services Consultant

SARAH QUINN (Chair) Appointed: 2023, Occupation: Musician, Other trusteeship: THE LONDON SYMPHONY ORCHESTRA ENDOWMENT TRUST,

STEPHEN DOMAN Appointed: 2022, Occupation: Musician

Legal constitution

Charitable company registered in England & Wales on 08/05/1964, number: 232391
Registered at Companies House on 17/02/1905, number: 00083608

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR20: 4 days late,

Main office

Barbican Centre
Silk Street
LONDON
EC2Y 8DS

Objectives

TO PROMOTE MAINTAIN AND ADVANCE EDUCATION, PARTICULARLY MUSICAL EDUCATION AND TO ENCOURAGE THE ARTS INCLUDING THE ARTS OF MUSIC, DRAMA , MIME, DANCING AND SINGING

Defined Area of Benefit:

NOT DEFINED

Data Sources