Finance Score: -4

Governance Score: 8

Support Score: 5

Poor Liquidity: -1
Strong growth: +2
Multiple Deficits: -2
Fundraising costs high: -3

No conflicts policy: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 9

SOUTHBANK SINFONIA

Southbank Sinfonia is the UK's Orchestral Academy. Each year, Southbank Sinfonia selects 33 outstanding young players to take part in an intensive eight-month season of performance and professional development, to train them for their career as a professional musician.

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
There has been strong growth in spending over the last 5 years
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
One or more trustees receive benefits from the charity
Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
There has been a change of accounting period recently, so trends may be hard to determine
On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

Established: 22 years

www.southbanksinfonia.co.uk

info@southbanksinfonia.co.uk

02079210370

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/08/22		£2,384	£2,992	£-608	£532	£2,790	£299	1.2	39
31/08/21?		£2,898	£937	£1,961	£107	£2,566	£192	2.5	14
31/12/20		£1,022	£999	£23	£147	£603	£229	2.7	13
31/12/19		£1,087	£1,280	£-193	£341	£619	£434	4.1	14
31/12/18		£1,235	£1,304	£-69	£387	£791	£342	3.1	12
31/12/17		£1,204	£1,171	£32	£328	£897	£511	5.2	13
31/12/16		£1,376	£1,276	£100	£438	£854	£449	4.2	13
31/12/15		£1,193	£1,109	£84	£319	£748	£367	4	11
31/12/14		£1,115	£1,050	£65	£349	£675	£270	3.1	11
31/12/13		£983	£959	£24	£296	£614	£193	2.4	11
31/12/12		£1,121	£926	£195	£300	£600	£193	2.5	11
31/12/11		£910	£891	£19	£273	£399	£147	2	10
31/12/10		£833	£752	£80	£132	£379	£113	1.8	7
31/12/09		£716	£742	£-27	£29	£298	£48	0.8	7
31/12/08		£997	£726	£271	£29	£325	£75	1.2	6
31/12/07		£733	£706	£27	£62	£53	£53	0.9	5
31/12/06	*	£659	£686	£-27	£0	£0	£0	n/a	0
31/12/05?		£652	£640	£12	£0	£0	£0	n/a	0
31/08/04		£463	£440	£22	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 27.4%
Fundraising Costs/Total Spending: 17.8%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 19%
Liabilities/Income: 28%
Unrestricted Funds/Total Funds: 11%
Reserves/Spending: 1.2 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Makes Grants to Individuals
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People

Who works here?

39 employees

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

The Foyle Foundation	£48,700
Rothschild Foundation	£5,000
Fenton Arts Trust	£2,000

Specific Donations

Amount	When Months	To be used for
The Foyle Foundation - Arts
£18,700	18/09/2023	to cover the replacement of existing ambient lighting with LED lighting at St John's Smith Square
Rothschild Foundation - Grant to St John's Smith Square
£5,000	12/02/2023	Donation towards the Unquenchable Torch: Poems & Destinies of Jewish Poets piano recital
Fenton Arts Trust - Grant to Southbank Sinfonia
£2,000	11/03/2021	Spitalfields Music's ‘Trainee Music Leader Programme’ trains and mentors a musician from Southbank Sinfonia to lead creative music workshops.
The Foyle Foundation - Arts
£30,000	04/02/2020	towards the post of Alumni Manager over one year
Esmee Fairbairn - Grant to SOUTHBANK SINFONIA
£30,000	29/06/2015 24	Towards establishing a new model for Southbank Sinfonia's family concerts, which aims to engage children directly with the players and offer new follow-up activity.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 32-69

CHARLES NEWSOME-HUBBARD Appointed: 2023, Occupation: Business Manager

DR TRACY ELISABETH LONG Appointed: 2023, Occupation: Consultancy

EDITH MONFRIES Appointed: 2023, Occupation: Chief Operating And People Officer, Other trusteeship: ST. JOHN'S, SMITH SQUARE CHARITABLE TRUST,

GENEVIEVE ELLEN JOY Appointed: 2023, Occupation: Musician And Music Teacher

HEIDI HALL Appointed: 2021, Occupation: Foundation Director, Other trusteeship: ST. JOHN'S, SMITH SQUARE CHARITABLE TRUST,

ROBIN JAMES FAWCETT Appointed: 2023, Occupation: Managing Director, Other trusteeship: AGE UK HAMMERSMITH & FULHAM,

SIMON TIMOTHY OVER Appointed: 2001, Occupation: Conductor, Other trusteeship: ST. JOHN'S, SMITH SQUARE CHARITABLE TRUST,

Legal constitution

Charitable company registered in England & Wales on 14/06/2002, number: 1092461
Registered at Companies House on 06/12/2001, number: 04335616

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR06: 23 days late,

Recent reorganisation events:

Asset transfer in from A M DOMMETT CHARITABLE TRUST on 28/08/2020

Main office

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

Objectives

THE CHARITY'S OBJECTS (THE OBJECTS) ARE:-A. TO RELIEVE UNEMPLOYMENT PARTICULARLY AMONG YOUNG MUSICIANS IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING OPPORTUNITIES TO TRAIN AND ASSISTANCE TO FIND EMPLOYMENT;B. TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE ART AND SCIENCE OF MUSIC PARTICULARLY, BUT NOT BY WAY OF LIMITATION, BY MAINTAINING AN ORCHESTRA TO PROVIDE CONCERTS AND MASTER-CLASSES; ANDC. TO RELIEVE POVERTY AMONGST YOUNG MUSICIANS PARTICULARLY BUT NOT BY WAY OF LIMITATION THROUGH THE PROVISION OF GRANTS AND BURSARIES.

Defined Area of Benefit:

NATIONAL

Data Sources