Sinfonia Smith Square

Charity number: 1092461
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 31 August 2023

Total income:
£3,781,243

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £2.31m
Charitable activities £1.10m
Other trading activities £354.71k
Investments £23.03k
Other £0

Total expenditure:
£2,733,417

Text alternative for this canvas graphic is in the data table below.
Raising funds £322.35k
Charitable activities £2.25m
Other £159.18k

-£9,866 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £481.53k
Charitable expenditure £2.25m
Retained for future use £1.05m

People

61 Employee(s)

10 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£90k to £100k 1
£100k to £110k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
Who the charity helps:
  • Children/young People
How the charity helps:
  • Makes Grants To Individuals
  • Provides Services
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 14 June 2002: Standard registration
  • 28 August 2020: Funds received from 282456 A M DOMMETT CHARITABLE TRUST
Organisation type:
Charitable company
Other names:
  • Southbank Sinfonia at St John's Smith Square (Working name)
  • SOUTHBANK SINFONIA (Previous name)
Company number:
04335616 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints policy and procedures
  • 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
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Robert Laurence Trustee 26 September 2024
None on record
Nicholas Frederick Starr Trustee 15 May 2024
None on record
Usman Peguero Trustee 15 May 2024
None on record
Dr Tracy Elisabeth Long Trustee 23 November 2023
Sinfonia Smith Square Foundation
Received: 14 days late
Charles Newsome-Hubbard Trustee 06 September 2023
Sinfonia Smith Square Hall
Received: On time
ROBIN JAMES FAWCETT Trustee 07 June 2023
Sinfonia Smith Square Hall
Received: On time
AGE UK HAMMERSMITH & FULHAM
Received: On time
Edith Monfries Trustee 07 June 2023
Sinfonia Smith Square Hall
Received: On time
Genevieve Ellen Joy Trustee 07 June 2023
None on record
Heidi Hall Trustee 06 April 2021
Sinfonia Smith Square Hall
Received: On time
Simon Timothy Over Trustee
Sinfonia Smith Square Hall
Received: On time

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/08/2021 31/08/2022 31/08/2023
Total gross income £1.09m £1.02m £2.90m £2.38m £3.78m
Total expenditure £1.28m £998.97k £936.96k £2.99m £2.73m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A £100.00k £58.97k N/A
Income - Donations and legacies £633.94k £898.21k £1.07m £1.24m £2.31m
Income - Other trading activities £343.84k £89.17k £88.90k £428.30k £354.71k
Income - Charitable activities £88.16k £19.51k £137.99k £699.56k £1.10m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £20.96k £15.20k £6.21k £15.54k £23.03k
Income - Other £0 £0 £1.59m £0 £0
Income - Legacies £4.65k £0 £0 £7.92k £147.98k
Expenditure - Charitable activities £938.38k £810.06k £830.23k £2.46m £2.25m
Expenditure - Raising funds £341.89k £147.26k £106.73k £532.41k £322.35k
Expenditure - Governance £42.63k £39.40k £39.51k £53.07k £65.66k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £643 £0 £0 £0 £0
Expenditure - Other £0 £41.66k £0 £0 £159.18k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/12/2019 31/12/2020 31/08/2021 31/08/2022 31/08/2023
Own use assets £27.83k £31.81k £1.91m £2.22m £2.12m
Long-term investments £492.89k £329.27k £351.41k £294.75k £282.47k
Other assets £192.87k £350.60k £898.29k £943.55k £2.09m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £94.41k £108.99k £594.49k £668.20k £665.66k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2023 21 May 2024 On Time
Accounts and TAR 31 August 2023 21 May 2024 On Time Download Open in new window
Annual return 31 August 2022 29 June 2023 On Time
Accounts and TAR 31 August 2022 29 June 2023 On Time Download Open in new window
Annual return 31 August 2021 19 June 2022 On Time
Accounts and TAR 31 August 2021 19 June 2022 On Time Download Open in new window
Annual return 31 December 2020 31 October 2021 On Time
Accounts and TAR 31 December 2020 31 October 2021 On Time Download Open in new window
Annual return 31 December 2019 23 June 2020 On Time
Accounts and TAR 31 December 2019 23 June 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 06/12/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 30/05/2002 AS AMENDED BY SCHEME DATED 21/02/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 16/12/2015 as amended on 15 May 2024

Charitable objects

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; AND C. TO RELIEVE POVERTY AMONGST YOUNG MUSICIANS PARTICULARLY BUT NOT BY WAY OF LIMITATION THROUGH THE PROVISION OF GRANTS AND BURSARIES."

Area of benefit

The area the charity can operate in, as set out in its governing document.

NATIONAL

Contact information

Address:
St John's Smith Square
Smith Square
LONDON
SW1P 3HA
Phone:
02079210370
Email:
info@southbanksinfonia.co.uk
Website:

www.southbanksinfonia.co.uk Open in new window