CITY OF BIRMINGHAM SYMPHONY ORCHESTRA

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. CITY OF BIRMINGHAM SYMPHONY ORCHESTRA 2001-08-24 → present
2. C.B.S.O. SOCIETY LIMITED 1976-06-07 → 2001-08-24

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CITY OF BIRMINGHAM SYMPHONY ORCHESTRA · parent
   1. CBSO Pension Trustee Limited 1% · England & Wales · Corporate trustee for the charity's defined benefit pension scheme

Significant events

• “The year was shaped by our bold and bright Season of Joy.”
• “The orchestra's annual performance at the BBC Proms was, once again, spectacular.”
• “The highly anticipated biennial collaboration with the brilliant Birmingham Opera Company was the focal point of the summer months, with an audacious production of Tippet's New Year taking place in a big top tent in the city centre.”
• “CBSO in the City was created as a mission to bring music to Birmingham in the city's public spaces, and across the course of 9 days, the orchestra played 27 free concerts.”
• “The CBSO Chorus enjoyed a terrifically busy year, featuring on numerous occasions at Symphony Hall alongside the orchestra.”
• “The Shireland CBSO Academy welcomed its second intake of year 7 students.”
• “Strategically, the CBSO continued to push forward in its insistence that orchestral music be for everyone.”
• “The very end of the financial year saw changes in the Senior Management Team, with Sally Munday departing her position as Director of Finance and Resources; Mark Pallett was appointed as Sally's successor; Catherine Arlidge was appointed to the new position of Director of Artistic Planning.”
• “Key milestones during the year included: The launch of a new Community Board; 5.6% growth in sales, 6.7% growth in sales to under 30s and 15.4% growth in new bookers; Stand out performances from Sheku Kanneh-Mason, Rey Chen, the Orchestra Qawwali Project, Anna Lapwood, Jess Gillam and Benjamin Grosvenor; A brilliant celebration of the CBSO Chorus at 50, and 40 years of Simon Halsey's extraordinary leadership; Our first evening of music from the video game franchise Final Fantasy, that brought an entirely new audience to Symphony Hall; A sold-out appearance at the BBC Proms, with Kazuki conducting Pictures at an Exhibition in the Henry Wood arrangement; The second year 7 intake to our affiliated school, the Shireland CBSO Academy; The promotion of Kazuki Yamada to Music Director, and the extension of his contract to at least 2029s.”
• “The year saw the successful culmination of the Sound of the Future Campaign, which (over a number of years) raised its target of £12.5m, this achievement was nothing short of transformational.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -33.9%

  £3,556,000 → £2,352,000

• Cash

  +763.4%

  £265,000 → £2,288,000

• Net assets

  +48.8%

  £2,631,000 → £3,916,000

• Employees

  +1.7%

  115 → 117

• Profit before tax

  -69.1%

  -£1,244,000 → -£2,104,000

• Wages

  +6%

  £4,340,000 → £4,601,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers