Finance Score: 0

Governance Score: 3

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Spending falling: -1
Fundraising costs low: +3

Gender balanced board: +3

No supporters identified

Overall GiG Score: 3

THE LONDON SYMPHONY ORCHESTRA ENDOWMENT TRUST

The general purpose of the charity is to support the objects of the London Symphony Orchestra (LSO) and these are to promote, maintain and advance education, particularly musical education and to encourage the arts including the arts of music, drama, mime, dancing and singing. Specifically the Trust actively supports musical education in the form of the LSO's education programme, LSO Discovery.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of gender

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £7,794,678 available, equivalent to 147 months of spending and so may not be able to utilise additional funding
Spending has fallen significantly over the last 5 years relative to the previous period

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
31/03/23		£1,098	£638	£461	£0	£22,199	£7,795	146.7
31/03/22		£1,931	£294	£1,637	£0	£22,474	£7,325	298.7
31/03/21		£2,312	£749	£1,563	£0	£20,720	£7,020	112.5
31/03/20		£600	£820	£-220	£0	£16,108	£4,566	66.8
31/03/19		£561	£919	£-358	£0	£18,373	£4,822	62.9
31/03/18		£1,529	£813	£716	£0	£18,743	£4,762	70.3
31/03/17		£250	£749	£-499	£0	£0	£0	n/a
31/03/16	*	£2,646	£1,082	£1,564	£0	£15,912	£4,409	48.9
31/03/15		£4,614	£526	£4,088	£24	£14,764	£4,605	105.1
31/03/14		£1,424	£493	£932	£3	£9,984	£4,454	108.5
31/03/13		£1,533	£177	£1,356	£19	£8,863	£4,393	297.2
31/03/12		£1,043	£122	£921	£109	£7,004	£4,042	397.2
31/03/11		£1,101	£276	£825	£5	£6,208	£3,821	166
31/03/10		£383	£197	£187	£0	£0	£0	n/a
31/03/09		£279	£149	£130	£0	£0	£0	n/a
31/03/08	*	£176	£151	£24	£0	£0	£0	n/a
31/03/07	*	£207	£100	£107	£0	£0	£0	n/a
31/03/06	*	£257	£119	£139	£0	£0	£0	n/a
31/03/05	*	£2,742	£1,131	£1,611	£0	£0	£0	n/a
31/03/04	*	£597	£367	£231	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 2.9%
Fundraising Costs/Total Spending: 3%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 35%
Reserves/Spending: 146.7 months
Net Current Assets/Spending: 44 months
Quick Ratio: 104.7

Asset Split ?

Established: 60 years

www.lso.co.uk

info@lso.co.uk

02073822545

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Organisations
Provides other finance

Where it operates

Throughout London,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
Other Defined Groups

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (10)

Gender Split

Based on 9/10 persons

DANIEL ROSS Appointed: 2018

LADY ALIAI FORTE

LADY WENDY PARMLEY Appointed: 2018

RICHARD HARDIE Appointed: 2016

SIR ROCCO FORTE, Other trusteeships: THE LORD FORTE FOUNDATION, THE FORTE CHARITABLE TRUST,

CHARLES EDWARD MCIAN CLARK (Chair), Other trusteeships: BRENTWOOD PHILHARMONIC ORCHESTRA, NATIONAL YOUTH STRING ORCHESTRA, SECOND MOVEMENT,

JOHN SHAKESHAFT Appointed: 2015, Other trusteeships: THE GEFFRYE MUSEUM TRUST, CARDIFF UNIVERSITY,

JAMES LENNOX MACKENZIE Appointed: 2018, Other trusteeship: HENRY WOOD HALL LIMITED,

SARAH QUINN Appointed: 2023, Other trusteeship: THE LONDON SYMPHONY ORCHESTRA LIMITED,

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

Legal constitution

Charity registered in England & Wales on 09/04/1964, number: 233700

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR16: 1 days late, AR08: 11 days late, AR07: 58 days late, AR06: 2 days late, AR05: 1 days late, AR04: 1 days late,

Main office

LONDON SYMPHONY ORCHESTRA
6TH FLOOR
BARBICAN CENTRE
LONDON
EC2Y 8DS

Objectives

THE PROMOTION MAINTENANCE AND ADVANCEMENT OF EDUCATION AND IN PARTICULAR MUSICAL EDUCATION AND THE ENCOURAGEMENT OF THE ARTS INCLUDING THE ARTS OF MUSIC, DRAMA, MIME, DANCING AND SINGING OR ANY FURTHER CHARITABLE OBJECTS.

Defined Area of Benefit:

NOT DEFINED

Data Sources