Governance and finance

Potential conflicts of interests or loyalty are something that any organisation should be aware of and take steps to manage. If your music group is a charity, the regulator would expect that the trustees have spent some time thinking about how to manage conflicts of interest. However, even if your group is not a charity, we recommend you think about having a simple conflict of interest policy.

This introduction is the first of three documents on Orchestra Tax Relief (OTR). It gives you an overview of what it is and how it works, and an overall idea if this is something your group would like to look into.

To help you decide we also have two additional documents –

This introduction is the second of three documents on Orchestra Tax Relief (OTR). It gives you an overview of how to set up and run a production company to claim OTR. 

This toolkit is part of our 'OTR, Part 2' guidance and explains how to set up and run a production company.

If you have not read our guidance (on what OTR is and how to claim), we suggest you read it before using this toolkit:

This toolkit is part of our 'OTR, Part 2' guidance and explains how to set up and run a production company.

If you have not read our guidance (on what OTR is and how to claim) we suggest you read it before using this toolkit:

Find below our series of templates, guidance and services for creating records, accounts and claiming for OTR. 

Keeping records

• OTR 3.1 Guidance: Accruals basis of accounting

This guidance looks at how to keep accrual accounts for your concert production company for the purposes of claiming OTR, and includes examples to help you.

This resource is part of our OTR Part 3 guidance: Keeping records, producing accounts and making a claim. It looks at how to keep accrual accounts for your concert production company for the purposes of claiming OTR. 

Organisations claiming Orchestra Tax Relief (OTR) (i.e. the concert production companies) have to prepare their financial statements under the Accruals Basis of accounting which requires that income and expense must be recognized in the accounting periods to which they relate rather than on a cash basis.

This resource is part of our OTR Part 3 guidance: Keeping records, producing accounts and making a claim.

It includes two downloadable documents:

• OTR 3.2 Template: Accrual accounts (Excel spreadsheet)
• OTR 3.2(a) Guidance: Notes on using the accrual accounts template (PDF)

Please note:

The majority of our member groups are run by a committee - a group of enthusiastic people who care about their group and are willing to take responsibility for running it. Even if you don’t have something formally called ‘a committee’ it is likely that you have a group of people who work together to run your group and so the overarching themes in this resource will still be relevant. 

Similarly whilst the resource refers to constitutions and charities, if your group is not a charity or does not have a constitution the main themes are still applicable.

The majority of our member groups are run by a committee - a group of enthusiastic people who care about their group and are willing to take responsibility for running it. Even if you don’t have something formally called ‘a committee’ it is likely that you have a group of people who work together to run your group and so the overarching themes in this resource will still be relevant.  Similarly whilst the resource refers to constitutions and charities, if your group is not a charity or does not have a constitution the main themes are still applicable.