Ripon St Cecilia Society Ltd (A company limited by guarantee) Trustees, report and financial statements for the year ended 31 March 2024 Company nuniber: 03084115 Charity number: 1049842 The Barker Partnership Chartered Accountants Ripon Ripon St Cecilia Society Ltd (A company limited by guarantee) Contents Page Legal and administrative inforn)ation Trustees, report Independent examiners, report Statement of financial acuviiies Balance sheei Notes lo the financial stsiements 9-13 Ripon St Cecilia Society Ltd (A company limited by guarantee) Legal and administrative inforniation Charity number 1049842 Company registration number 03084115 Registered office 44 Kirkgaie pon North Yorkshire HG4 IPB Tr￿SteeS M J Clarke KC Cavanagh-jackson PWJ Bally H Dawson MA Porter NA Chamberlain CSP Monck S Murdoch {resigned 23rd August 2023> (resigned ?9th May ?023) (apwjinted 29th May 2023) MJ Clarke Accountants The Barker Partnership Chartered Accountan 44 Kirkgdie Ripon North Yorkshire HG4 IPB Bankers National Westminster Bank PIC 3 Cambridge Cffscent Harrogale North Yorkshire HGI IPE Ripon St Cecilia Society Ltd (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2024 The IrusEees present their report and the financial SLttemenls for the year ended 31 March 2024. The trustees. who are also directors of Ripon Si Ce¢ilia S(Kiety Ltd for the purp)5e5 of company law and who seTved during the year and up to the date of this report are sel out on page l. Structurey governance and management The organisation is a charitable COMp￿Y limited by guarante¢. incotporated on 26 July 1995 ard registered as a charity on 16 October 1995. The charity's objects and regulations are governed by the n￿mOra￿d￿M and articles of association. Truslees The directors of the chwitsble company are its ITUStecs for the purpose of charity law and throughoul this report are collectively referred to &s the trustees. The longc5l 5crving Trnstes each y&gr have lo stand dovm and vnay put themselves fonvard for regate is limited and the cathedral remains a popular venue for other orchestras outside the region who musl, inevitably, sof*n the demand for classical rnusiL in the area. Ripon St Cecilia Society Ltd (A company limited by guarantee) Report of the trustees (incorporating the directors. report) for the year ended 31 March 2024 We were sorry io sec two trustecs leave (Paul Bally and Katherine Cai'anagh) bul wcre delighted to be joined by Charle5 Monck and Sue Murdoch. Paul had looked after Friends, for several years. Fortunately. Katherine agreed io continue &s Ireasurer on a voluntary basis. Charles has already had a big impact in many areas analysing our audience Segn￿ntS, budgeting and distribuling pre-concert publicity. Sue Murdoch has work¢d closely with Helen in proof reading progrnmmes etc and helping Val with the froni of house desk and with in*rval refreshments. Our refreshment team left us at the end of 2023 after several years of organising drinks at rehearsals and concerts. We are prcsently looking for replacement volunteers. We are grateful to our many volunteers selling programmes. ushering. serving refreshments. putting up Wforn￿rS and many other ￿kS esseniiai to the success of our concerts. Despite our success and many strengihs, we are aware of several weaknesses and thTeats to our future. Xen. Sane, many of volunteers, the irustees and our principal sponsor a￿ over scvenly and succession planning is a rising priority. Finding younger volunteers, trustres and audiences inio the fumre remains our greates( challenge as if is with many We are enornM)usly grateful io our sp)nsors. Trevor and Elizabeth Ingham whose unwavering support bridges the gap between our concert revenue and our costs. Withoul their contribution planning for each new season could not be done with the confidence we need to hire in the best pianos and engage international soloists. The forthcoming s¢&son will have some more popular works io appeal lo a wider audience. to sil alongside lesser known work5 that will also widen their interest. Financial review The charity made a nei defi¢ii from aciivities in year of £19 (2023 a surplus of £6.157). d￿re&Sing reserves to £49,618 at 31 March 2024. Reserves The TDJsteeb have reviewed the cbarity's requiretnenLS for reserves in light of the n)ain risks. to the organisation. The reserves are needed io meei ihe working capittl requiremen(s of the charity on an annual basis and the trustees are mindful of ihe need io keep ihe unrestricted reserves at a level which will meei these requiremeDIS. Currently, reserves are al a level io ensure concens can continue for one year if SFX)nsorship of concert5 is no longer forthcoming. Ripon St Cecilia Society Ltd (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2024 Statement of trustees, reS￿L51b11itieS The trusiees (who are also direLlors of Rip)n Sl CeL"ilia Society Lid for the purpose of company law) are re5FKinsible lor preparing the TrUs￿es. Annual RetA)rt and the financial sta*ments in accordance with applicable law and United Kingdom Generally Accepted Accouniing Practice. Company law require¥ the trustees to prepare financial statements foi eacb financial year whicb give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure. ot the chaTitable company for thai period. In preparing these financial 4tatetnents. the trustees are required to: select suitable accounting ￿>11¢]eS and then apply consistently" observe the methods and principles ID the Clwitie5 SORP: make judgements and estimates that are re&sonable and prudent; state whether applicable UK Accounting Sthndards have been followed, subject to any material departure5 disclosed and explained in the financial slaleTnents" and prepare the financial State￿nts on the going concern basis unless it Is Inappropriate to presume that the charitabk company will continue in operation. The trustees are responsible for keeping proper accounting rccords which disclose with rn%onable accuracy at any ti the financial position of the charitsble company and which enable them to ensure thai the finanL'ial slatements cvmply with the Companies Aci 2(X)6. They are also responsible fc)T safeguarding the assets of the charitable company and hence for taking reaso[￿ble sleps for the preveniion and detection of fraud and other irregularities. Small company provisioLs This reEK)rt h&s been prepared An accordance with tbe special pmvisions for small compaDies utmler Part 15 of the Companies Aci 2iJkn. On behalf of the board MJ Clarke Secretsry 6 Augusi 2024 Ripon St Cecilia Soclety Ltd (A company limited by guarantee) Independent examiner's report to the trustees on the unaudited financial statements of Ripon St Cecilia Society Ltd. I report on the accounts of Ripon St Cccilia S(Kiety Lid for the year endcd 31 March 2024 set out on pages 6 to 13. Respective responsibiliti￿ of t￿￿tee5 and independent examiner The chariiy's t￿Stee5 (whv are also directors or the company under cotnpany law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required this year under Section 144(2) 01 the Charities Act 2011 and that an independent examination is needed. Having Sdtisfied myself ihat the charity is not subject to audit under company law and is eligible for independenl examination. il is my responsibility to: - exatnine the ac¢ounis under section 145 of ihe Charilies Aci 2011 - lo follow the procedures laid dowm in the General Directions given by ihe Charity Conlmission (under seclion 145(5)(b) of the 2011 Act): and - to stale whether particular nutters have corne to my allention. Basis of independent examiner's Statement My examinalion was carried oul in accordance with ihe General Direciions given by the Charity Commission. An cxaminalion includes a rL'view of the accouniing recor(ts kepi b) the ch￿lY and a compari50n of ihe accounls presented with tliose records. li also includes consideraiion of any unusual i*ms or disclosures in the accounts, and seeking explanali(Jn% from you as trustees concerning any %uch mallers. The pr(Kedures undendken do nol provid¢ all ihe evidence that would be required in an audit. and consequenil), no opinion is given to whether the accounis present a 'true and fair view, and the report is limited (o those matters sei oui in the stat¢meni below. Independent examiner's statement In connection with my examinalion, no matter has conr lo my attenlion: (i) which gives me reasonable cause io believe thai in any material respect the requirements: to keep proper accounling record5 in accordance with section 386 of the Companies Act 2(K)6: and (o prepare accounts which accord with the accounting Tecords. Comply with the accounting requirements of section 396 of the Companie8 A¢1 2(M)6 and with the methixi4 and principle% of the SLiiemeni of Recommended Practice: Accounting and Rew>rting by Charities have not been mei: or (li) lo which. in rny opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. S Kay ACA The Barker Partnership 44 Kirkgaie Ripon North Yorkshire HG4 IPB Ripon St Cecilia Society Ltd (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure account} For the year ended 31 March 2024 Unrestricted funds 2024 Tolal 2023 Total Notes Income and endowments Donations and legacies Charitable activities Investment AnLome her 17,306 17,617 271 16.977 30.774 88 17.617 271 Total income 35.194 35.194 47.845 Expenditure Raistng funds Charitable activities Profit on disposal of 14mgible fixed assets for the charity's own use 3,415 2,.340 39.195 31.798 153 Total expenditure 35.213 35,213 41,688 Net incomingl(outgoing) resources for the year I Net incomel(expense) for the vear (19) (19) 6.157 Total funds broughi forward 49.637 49,637 43,480 Total funds carried forward 49,618 49.618 49,637 The notes on pages 9 10 13 fonn an integral part of these financial slalenynts. Ripon St Cecilia Society Ltd (A company liniited by guarantee) Balance sheet as at 31 March 2024 2024 2023 Fixed a&sets Tangible assets 456 456 Current a￿ts Debtors Cash ar bank and in hand 12 5,602 48.707 3.768 46,865 54.309 50,633 Creditors: amounts falling due within one year 13 15.147) (1,452) Net current a&sets 49.162 49,181 Net &sgets 49,618 49.637 Funds Unre%tricled income funds 14 49.618 49.637 Total funds 49,618 49.637 The Balance Sheet coniinues on the following pdge. The notes on pages 9 10 13 form an Integral part of these financial staternenis. Ripon St Cecilia Society Ltd (A company limited by guarantee) Balance sheet (continued) Trustees ststements required by the Companies Act 2(M)6 for the year ended 31 March 2024 In approving these financial slalements as truste¢s of the company we hereby confinn: (a) that for the year stated above the company was entitled to the ¢xetnption frorn audit undcr section 477 of the Companies Act 21K￿, relaiing to small companies. (b) thai no notice has been dewsited ai the rcgistered office of the company pursuani to section 476 of the Cotnpanies ALt 2006 requesting thar an audit be conducted for the year ended 31 March 2024. (c) that we acknowledge our reswnsibiliiies for complying with the reguirenynts of th¢ Cotnpanies Act 2{x￿ with resp￿1 to accounting records and the preparation of staternenLS. These financial Statemen￿ are prepared in accordance with the provisions applicable lo companies subjeci to the 5maU companies regime and in accordance with FRS102 The Financial Rep)ning Standard applicable in the UK and Republic ot Ireland,. The finan ents we approved by the tM)ard on 6 August 2024 and signed on its behalf by Mr MA Porter Trustee The notes on pages 9 to 13 forn) an inlegral part of these fjnanciai staiell￿nts. Ripon St Cedlia Society Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 General inforniation Rtp)n St Cecilia Society is a private company limited by guarantee. registered in England and Wales. The principal address is 44 Kirkgate. Riwn HG4 IPB. Accounting policies The prinLipal accounting p)licies are surnmarised below. The aLcouniing policies have been applied consisientiy throughout the year and the preceding y&qr. 1.1. Basts of accounting The tinancial statements are prepared under Ihe historical cost convcntion and in accordance with Accounting and Reporting by Charities.. SLqiemeni ol RecOmTh￿nded Practice applicable to charities preparing their aLLounis in accordance with the Financial Reporting Standard applicable ID th¢ UK and Republic of Ireland (FRS 102) (effective January 2019) and the Companies Act 2c￿0 and the Clwities Act 2011. The financial $th￿rnents are prepared in S￿[LIng. wtsich is the functional currency of the entity. 1.2. Cashflow The charity has taken advantage of the exernptions from prepaTing a e&sh flow staienKnt conferred by Financial Reporting Standard an the grounds thai li is entiiled io Ihe exemptions available in the Companies Act 21X)6 ror small companies. 1.3. Incoming resources All incoming re%ources are included in the Statement of Fmancial Activilies wben the chariiy is entitled to the income and the atnount can be quaniifi¢d with reasonable accuracy. Donations. grants. eveni and voluntary income are included in the year they are receivable. 1.4. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. 1.5. Tangible r￿ed assets and depreciation Tangible fixed a55els are stai¢d at cost less accumulated depreciation. Depreciaiion is provided at rates calculated to write off the cost less residual value of each &%set over its expected useful life. as follows: Musical InStrun￿nIS IO% reducing balance 1.6. Impairnient of r￿ed a&sets Ai each repotting end date. the charity reviews the carrying amounts of ILS tangible asset% io detern]ine whether there is any indication ihat those assets have suffered an impalrn￿￿t loss. If any such indication exists. the recoverable amounl of the asset is estimated in order to detern)ine the extenl of the impairnKni loss (if any). Rlpon St Cecilia Society Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Donations and legacies Unrestricted funds 2024 Total 2023 Total Sponbon%hip for concertb Patrons Donations Club Gifi aid io.(Kx) 2.755 590 739 3,222 io.(Kx) 12.IXK) 1,220 326 590 739 3,222 3.331 17.306 17.306 16,977 Charitable activities Unrestricted funds 2024 Total 2023 Total Tickel saIes Hire of Oreheslrd Retrcshment sales Programme sales 14,296 14,296 23.137 5.31K) 1.012 1,325 387 387 934 17.617 17.617 30.774 Investment income 2023 Tolal funds Tolal Bank interest receivable 271 271 88 271 271 88 Other 202A Total 2023 Totsl HMRC interest received io Ripon St Cecilia Society Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Raising Fun Unrestricted funds 2024 Total 2023 Totsl nb'urance Postage and ststionery IT and website costs Sundry expenses Independent examination fee Accounls preparaiion fee 543 121 948 603 300 543 122 948 603 300 914 52 160 3(MJ 872 3.415 3,416 2.339 Charfitable aetfivlties expenses UDre5tricted funds 2024 Total 2023 Total Musicians expen*s Musicians accomodalion and travel Conductors fees AdministTator fees Venue Hire Music and equipmeni hire Printing leatlets and banners Advert% and promolion Card Transaction Fees Refreshmenrs cos Online sales cornmission 13.733 165 13,733 165 4,-365 20,133 225 4,784 1,400 5.7( 2.833 1,561 520 18 596 1,4?1 1.6(MJ 6.344 2.845 1.246 520 30 295 655 6,344 2,845 1,246 520 30 295 655 31,798 31.798 39,195 Net (outgoing)fincoming resources for the year 2024 2023 Nel (outgoing)lincoming resources is statrd after charging: tA)ss on diswsal of tsngible fixed assets Independeni Examination fee l53 3(Ki li Ripon St Cecilia Socfjety Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Employees No salaries or wages have been paid to employees. including ￿ truskes, during the year. Number of employees The average monthly numbers of ellwloyee% (including the trustee%) during the year, calculatsd on the b&%is of full time equivalents. w&s as follows: 2024 Number 2023 Nunther Trustees 10. Taxation The charity's acul'ities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. ALcordingly, there is M iax&ion charge in these accounts. 11. Tangible r￿ed assets Muslcal equipment Total Cost At l April 2023 954 954 At 31 March 2024 954 954 Depreeiation At l April 2023 498 498 Ai 31 March 2024 498 498 Net book value5 At 31 MarLh 2024 456 456 At 31 March 2023 456 456 12. Debtors 202A 2023 Other debtors S,(￿12 3,768 12 Ripon St Cecilia Society Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 13. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 5,147 1,452 14. Analysts of net a&sets between funds Unrestricted funds Total funds Fund balance5 at 31 March 2024 as repTesenwl by: Tangible r￿ed a55etS Current a88eLs cll￿ent liabilities 456 54,309 (5,147) 456 -$4.309 (5.147) 49.618 49.618 15. Unrestricted fun(Ls At l April Incoming Oulgoing 2023 resources resources At 31 March 2024 UnrestriLted Fund 49,637 35.194 {35,213) 49.618 Purposes of unrestricted funds The unrestricted fund rep￿sents those funds which the Tn￿leeS are free lo use in accordance with the charitable objectives. 16. Company limited by guaranlee Ripon St Cecilia Society Lid is a cotnpany limited by guardntee and accordingly does Dot have a share capiral. Every member of the company undertakes lo contribuie such amount &$ may be required noi exceeding £1 lo the assets of the charitable Company in the event of its being wound up while he or she is a n￿Mber, or within one year after he or she ceases to be a member. 13