The London Symphony Orchestra filed its accounts for the year to July 2011 on Thursday and most things are looking up.
From a quick scan, I see that attendances at the Barbican were up to 85% (from 82%) across 65 concerts and the partnership with Valery Gergiev yielded no fewer than 15 overseas tours. The record label LSO Live is, unlike many other self-op labels, not losing money. It yielded a tiny surplus of £3,000.
Bottom line: LSO turnover was £17.7million (£15.7m) with an operating surplus of £1.2 million (£167,000).
The balance is boosted by an Arts Council England subsidy of £2.3m and City of London grants of £2.13. A further £2.2 million came in private and corporate gifts.
One executive took home pay of £150-160,000. The next highest paid earned less than £90,000.
All things told, this looks like an orchestra in pretty good shape to face the coming crunch on public funds – though it may suffer like all others from the Tory government’s squeeze on private donations.
Way to go, LSO.