2024-03-31-accounts

FioRTUS THE YORK EARLY MUSIC FOUNDATION Financial Statements For the year ended 31 March 2024 Company Registration No: 3499629 (England and Wales) 456 www,fortus.co.uk w￿4r￿1 KN()IVI.E l)r,r.. ET 141. NL TI l Atd i) (.-uiir4P%(' E- i)ri Ivi-i? o)N A14131'11(IN

THE YORK EARLY MUSIC FOUNDATION (A charllable company Ilmlled by guarantee and nol having a share capllal) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR 31 MARCH 2024 Company registration number 3499629

THE YORK EARLY MUSIC FOUNDATION INDEX PAGE TRUSTEES, REPORT INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES 13-16 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES 17 CONSOLIDATED BALANCE SHEET 18 CHARITY ONLY BALANCE SHEET 19 CONSOLIDATED CASH FLOW STATEMENT 20 CHARITY ONLY CASH FLOW STATEMENT 21 NOTES TO THE ACCOUNTS 22-38 The followlng pages do not form part of the statutory accountg DETAILED CHARITY ONLY INCOME AND EXPENDITURE ACCOUNT 40-41

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Board of Trustees presents its report and audited consolidated financial statements for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORP) "Accounting and Reporling by Charities" in preparing the annual report and financial statements of the charitable company. The financial statements comply with the accounting policies set out in the notes to the accounts, the Memorandum and Articles of Association, the Charites Act 2011 , the Companies Act 2006, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the financial reporting standard applicable in the UK and Republic of Ireland published in October 2019. OBJECTIVES AND ACTivrriES The principal activity and charitable objective of the company. as set out in the Memorandum of Association, is to foster, promote and increase public interest in, and knowledge and understanding of, the Arts in general and, in particular, Medieval, Renaissance, Baroque and Classical Music. Also to protect and conserve, or assist in the proteciion and conservation of, for the public benefit, any building, artefact, manuscript, collection, archive or other records which are of historic artistic or scleniific Interest, value or importance to the local, regional or natlonal herltage of th8 Unlted Klngdom or any other country anywhere in the world. The charity, operating as the National Centre for Early Music (NCEMI, aims to be the national advocate of early music in England, providing early music experiences and opportunities of the highesi quality to an ever widening and diversified community, seeking to promote the public understanding and enjoyment of early music through historically informed pertormances and related creative learning programmes. We are also committed to developing and promoting our home - St Margaret's Church, York - as a significant venue for music and creative learning embracing a wide range of musical genres. Publle Beneflt The NCEM is a music education charity focusing primarily on the promotlon of historically informed performance (aka Early Muslc}. The NCEM believes that its work creates public benefit in all five categories noted within the Charltles Act., Democratlc value Cultural and creative value Educational value Social and community value Global value. The activities in this report reflect the NCEM'S commitment to best practice, fostering ialent and creativty and supporting the local and cultural infrastructure. By concentrating on the public benefit that the NCEM can bring, the NCEM will be better placed to meet the challenges and opportunities of the future - even in times of considerable economic uncertainty. The Trustees confirm thal Ihey have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. Democratlc Value From its inc6Plion in 2000. the NCEM has set itself up as a thriving centre of artistic excellence, bringing back life to a previously derelict grade-one listed building and encouraging the local community to re-own the building as a focus for local activity. To this end, the NCEM has vigorously pursued a wide variety of education projects, whilst offering its facilities for local hire, housing local archival material. and ensuring its facilities are accessible for people with special needs.

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Cultural and Creative Value Cullural and creative value is created through NCEM'S work in preserving, promoting and performing music of enduring interest and quality from a diverse rang8 of styles, times and conventions. In early music it encourages research into performance practice and neglected repertoire, while its year-round programme also promotes artists from a range of backgrounds and from around the world. It has also worked in partnership with a spectrum of providers, including the Orchestra of the Age of Enlightenment, Mishmash Productions, Black Swan Folk Club, the University of York, Northern Silents and partners committed to the Arts Council's Let's Create Strategy - partnerships that extend and strengthen the range of musical events available to the community, and provide performance opportunities for rising professional artists. The artistic programme promoted by the NCEM has attracted audiences of all ages, providing a stimulating and Informative range of musical experiences. which distinctively complement and extend the prograrnmes of other regional providers. Educatlonal Value The NCEM'S strands of muslcal activity are complemented by an active programme of educatlonal Innovation and creatlve learning (see below). This encompasses early music, communlty music, and work wilh students of all ages (including very young children. primary, secondary, Further Educatlon, Higher Education and adults} supported by a range of educational resources. Soclal and Communlty Value The NCEM promotes music that Is Insplred by a sense of tlme, Identlty and place, recognislng lis soclal, cultural and historical context whilst creating opportunities for new perspectives. In exploring these themes. the NCEM brings together historical performance practice with the contemporary, and ranges across folk, jazz, classical and traditional music through all periods and cultures. This programme has developed well and provides a series of new experiences to a new audience, allowing locally based representatives of international groups opportunities to celebrate their cufture. A consistent theme ot NCEM'S programme has been participative research into the historical context of York, Yorkshire, its music and its cultural heritage. The NCEM is a key partner with the City of York Council in the strategic development of the City's culture to ensure the city's culturally rich inheritance is available to a wider audience, both regionally and nationally. Global Value The international standing of the York Early Music Festival creates powerful messages about the UK as a cultural force in the modern world. Broadcasts through BBC Radio 3, the Euro￿an Broadcasting Union and across the BBC World Service extend the reach of the Festival, the good name of the City of York and that of the NCEM. By promoting music that reflects the unique reputation of the city's historic environment. the NCEM contributes strongly to York's ambassadorial role for the UK, encouraging senior members of the diplomatic, political and arts communlties to visit the city. During the year the NCEM contlnued to ralse Its proflle across Europe. Until November 2023, we remalned as a significant partner in the EEEmerging+ programme {2019-2023) funded by Creative Europe and we continue to be a key member of the European Early Music Network REMA with NCEM'S Director Delma Tomlin representing the UK on the REMA l)oard. Addilionally, the NCEM is partnering with Institute Cervantes and the Spanish Ministry of Culture to promote Spanish music and ensembles in the UK. and with AMUZ (Antwerp} and Misteria Paschalia Festival {Krakow} through the European Festivals Fund for Emerging Artists. Grant maklng aciivities The NCEM'S Board of Trustees has ultimate responsibility for all grant-making decisions in line with The York Early Music Foundation's charitable purposes and any restrictions agreed wilh donors and funding partners. However, the Board of Trustees may give certain decision-making responsibilities to its executive team within its framework of delegation.

THE YORK EARLY MUSIC FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMETrifsAND PERFORMANCE This report covers the accounting period 1 April 2023 to 31 March 2024, detailing the activities and performance of The York Early Music Foundation operating as the National Centre for Early Music INCEM) and its trading subsidiary, York Early Music Enterprises Limited. In 2023124 the NCEM directly promoted 3 festivals of early music (2 in York, 1 in Beverley), and a year- round music programme at St Margaret's Church totalling 85 concerts for which we sold 9,284 tickets as wel5 as an online early music festival sharing 8 performances, alongside our ambitious learning and participation programme and artist development activities. Our partnership with BBC Radio 3 enabled us lo bring performances from our early music festivals and projects to 1 .25m listeners in 7 broadcasts in 2023124 combination of Ilve concerts, concerts recorded for later broadcast, and Early Muslc Shows in particular. The 2023 York Early Music Festival was incredibly successful - 9 days of concerts, workshops, broadcasts and lectures in a wide range of venues across the city, all enjoyed by an engaged & full audience. Themed Smoke & Mirrors the Festival reflected the political and social world In which William Byrd lived and composed - worklng both for the Catholic Queen Mary and the Protestant Queen Elizabeth - and the life of women in music. Highlights were Lithuanian composer Juta Pranulyte (NCEM Composers Award alumni) reflecting the 400 anniversary of William Byrd with a new commission premiered by the Rose Consort of Viols and Marian Consort. The Festival was the final presentation of Out of Her Moulh- a collaboration with the Dunedin Consort, We are Hera, and Mahogany Opera presenting Ihe three biblical cantatas ol Elisabeth Jacquet de la Guerre written by a women, about women and for women. The Festival showcased the exceptional talent of our EEEmerging+ ensembles Butter Quartet, L'Apothéose and Apotropaik, plus I Zefirelli who set the scene with a garden performance on the eve of the Festival. Other young artists included the Protean Quartet, winners of the 2022 York Early Music International Young Artists Competition, ahead of their prize of recording at the NCEM with Linn Records. The 2023 Beverley and Easi Riding Early Music Festival was opened by the virtuosic EEEmerging+ ensemble The Ministers of Pastime. Themed Sacred and Profane, the Festival linked together the stories of Beverley with music from the medieval to the baroque and ranging from settings such as Beverley Minster, the Monks Walk Inn and the East Riding Theatre. BBC New Generation artists Ensemble Molière were in residence throughout the Festival, performing twice along with 2 specially commissioned interactive workshops for young people and their families. The NCEM'S Artlstlc Director continues as a board member of REMA - the European Early Music Network - and meets regularly with European colleagues to exchange ideas and hear new groups. This led to NCEM being one of eight major European early music organisalions to successfully bid for funding through the 2014 Creative Europe Cultural Programme for a 'large-scale cooperation project, entitled EEEmerging.' Emerging European Ensembles 2014-2018, followed by EEEmerging+ which ran from September 2019 to November 2023 with partner organisations in Greece. Poland, Spain, Germany, Italy. Croatia, Latvia and France. This programme allowed the NCEM to work with European colleagues to nurture emerging young ensembles, and in 23124 we welcomed The Ministers of Pastime. I Zefirelli. Butter Quartet. ApotropaiK and L'Apothéose. Wilh the UK no longer participating in Creative Europe. the NCEM is exploring ways in which to continue to work with our international partners that are vital for the continued development of early music in England. In 2023124 we partnered with AMUZ (Antwerp, Belgium) and Misteria Paschalia {Krakow, Poland) to support a UK ensemble through the European Festivals Fund for Emerging Artists IEFFEA). The New Generation Baroque Ensemble partnership between NCEM. BBC Radio 3 and the Royal College of Music IRCM} continues to develop. Ensemble Molière completed their final year with public concerts in both Beverley and at the RCM in the spring of 2023 alongside a professional recording with Linn producer Philip Hobbs at the NCEM (part funded by BBC Radio 3). In January 2024, partners hosted a third Development Day for ensembles interested in potentially joining the scheme and in July 2023 announced Ensemble Augelletti as the second New Generation Baroque Ensemble. As chair of the UK early music promotors network, the NCEM continued to host regular hybrid network meetings, and invited The Ministers of Pastime and Flutes and Frets to present to the network during their residencies. This network enables UK'S early music promotors to provide essential support to each other, share opportunities, and co-ordinate development projects.

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 CREATIVE LEARNING PROGRAMME The NCEM continues to support a lively year-round creative learning programme for people of all ages supported by the Mayfield Valley Arts Trust and a variety of independenl trusts and foundations. The programme is designed to provide opportunities for people to make music and explore their creative potential. The activities focus not only on music from the past, but also contemporary rnusic and music technology, and include an ever-expanding range of learning resources. NCEM Young Composers Award The NCEM'S work to widen to reach of the NCEM Young Composers Award continues to reward, with the 2023 award in partnership with The English Cornet and Sackbutt Ensemble introducing young composers to these unique instruments. The workshop al the NCEM in May with 8 shortlisted composers was led by composer Liz Dilnot-Johnson. with Stoller Hall in Manchester hosting the premiere of the 2 winning compositions and recorded by BCB Radio 3 for later broadcast on the Early Music Show. The NCEM offers continued professional opportunities for the alumni of the award, with biennial commissions for ensembles in the York Early Music Festival. I Can Playl I Can Playl provldes music-making opportunities for D/deaf ehildren across the Clty of York, supportlng them to make a connection with music, gain confidence, raise aspirations, understand thelr right to access high quality muslc iaaching, and develop their identity as Dldeaf musiclans. It also alms lo engage with families and to upskill educators. I Can Playl is run by the NCEM in partnership with Music and the Deaf, Lollipop, and the Universrly of York. and is made possible by the strong partnership between NCEM and York Arts Education who host the sessions as part of the weekly music provision at York Music Centre. In 20231241 Can Play added a second strand '1 Can Play with Brass Roots'_ a new collaboration between NCEM'S I Can Playl and Shepherd Group Brass Band, supporting Dldeaf musicians in music-making in brass bands, suitable for children (7+) with any degree ol deafn8SS, their siblings, and Children of Deaf Adults (CODAS). Participants gain experience of playing music in a bandlensemble environment, whilst developing their skills on a brass instrument. The Mlnster Mlnstrels NCEM'S youth early music group, the Minster Minslrels, continues in succossful partnershlp wlth York Arts Education, running during lerm time as one of the ensemble options at York Music Centre. The ensernble otters young people aged 6.18 the rare opportunity to explore period music using modern instrumenis and they are increasingly recognised as an exceptionally talented youth group. The ensemble meets during term time on Saturday mornings under the new expert leadership of baroque violinist Nina Kumin who specialises in creating improvisation games to build confidence, technical skills and knowledge of different baroque styles. Wotl(shops for Young Muslclans The NCEM enjoys partnerships with a wide range of performers and music organisations and works to facilitate opportunities to benefit local and regional young musicians through these connections. 2023124 saw the NCEM'S partnershlp with York Music Forum Jazz Orchestra flourish, offering workshop and performance opportunities for thls exciting young group of musicians with visiting artists Andrew Mccormack, Omar Puente and Alex Wilson, and Andy Sheppard. In January 2024 the NCEM hosted the ensemble in concert as part of York Residents Weekend. Prlmary Schools The NCEM is working in partnership wilh OAE Education, York Music Hub and the University of York to support early years music and KS1 provision in York over the next five years. This year the project engaged with 243 EY pupils and 330 KS1 pupils from six York primary schools with an OAE workshop at the NCEM for their schoolteachers, followed by sessions in the schools, performances at the University. and then finished off with the family concert at the NCEM. This year the NCEM forged a new partnership with St Lawrence's Primary School Building, facilitated through our role as their Cultural Champion as part of York's LCEP REACH. Through this partnership we are encouraing and facilitating St Lawrence's pupils to participate in workshops, concerts and perfomiances, and in December 2023 two classes performed on the NCEM stage to their class mates, parents, carers and teachers.

THE YORK EARLY MUSIC FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Family Friendly NCEM'S family friendly programme. funded by a private donor and the Maylield Valley Arts Trust. continued lo offer musical experiences across a range of genres and interactive experiences for young minds. Muslc Hubs The NCEM works to develop the sector, particularly through close partnership working with two Music Education Hubs in the region York Music Hub and the East Riding Muslc Education Hub - seeking to develop inclusive practice and ensure that every child and young person has access to musical opportunity, in line with the National Plan for Music Education 2022 - The Power of Music to Change Lives. Llfe-Long Learnlng The NCEM Is keen to encourage learning at all levels and all ages. It coordinated a number of adult learning opportunities. workshops and open access days all of whlch are detailed on the NCEM'S websile www.ncem.co.uk HEALTH AND WELLBEING The NCEM continues io develop arts activities that have posltlve impacts on health and wellbeing. Cuppa and a Chorus Established in 2017 as part of 'Culture & Wellbeing In York, wlth Inltlal support from Clty of York Council, Cuppa and a Chorus has a primary focus on improving wellbeing through communal singing. Participants vouch that they experience a clear boost in mood at the monthly sessions held at the NCEM, in which social contact plays an equal part with the music-maklng. and with continued funding from a variety of trusts. the project has proved a core part of the NCEM'S community activities. In 2023124 NCEM developed new partnerships with social prescribers to support and welcome new members of the Cuppa community. The project also works with the Universities of York and York St John to provide leadership opportunities for postgraduate students in community music leadership. Baroque around the Book8 In March 2024 NCEM and York Explore launched Baroque around the Books, a serles of free accessible community performances in three of York's community libraries, performed by one of the NCEM Platform Artists Flutes and Frets. PROFESSIONAL DEVELOPMENT A major priority for the NCEM is professional development and a commitment lo youth and to its staff. Many have used the experience gained at NCEM through work experience opportunities, internships and on the events team, as a springboard for professlonal careers in arts administration. Over the last year NCEM deepened its commitment to widening access to creative careers with new partnerships wilh Archbishop Holgaies School Iwork experience) and York College {Indusiry Placement) and continues to work closely wlth the University of York and the University of York St John, offering festival work experience opportunities, recruiting students as Stewards, stage management, and events staff. Postgraduate students from both universities are offered placements in musical leadership on Cuppa and a Chorus and I Can Play. RESOURCES AND INFORMATION An important element of NCEM'S current work is to strengthen its profile both locally and nationally. Specifically, by acting as a repository of archival material and resources, NCEM is a focus for music practitioners and specific community projects. Educational Resources The NCEM produces a number of resources to accompany its education programme. See th8 Take Part section of NCEM'S website. York Mystery Plays The NCEM has taken a major role in the reinvigoration of the York Mystery Plays and serves as the international centre for information on the Plays since their revival in 1951. See the York Mystery Plays, website www. orkm sler la s.or

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 PARTNERSHIPS AND SUPPORT The NCEM'S ambitious artistic and learning programmes are supported by a variety of public funds, trust funds, commercial income and by an increasing number of individuals who have pledged support Ihrough the NCEM Patrons scheme. The NCEM Patrons scheme, which off ers an opportunity for music lovers to invest their support and become part of the NCEM'S future, is continuing to develop momentum, with over 30 members. The NCEM continues to run the Friends of York Early Music Festival which engages with over 100 individuals interested in supporting the annual summer festival. During the year the NCEM has been successful in drawing in a number of grants from: Arts Council England as a National Porttolio Organisation {2023-2026},' City of York Council to retain discretionary rate relief and a three-year SLA up to March 2024" East Riding of Yorkshire to support the annual Beverley & East Riding Early Music Festival. John Faldberg Foundation support our Young Artitst Development Programmes. Harrogate Deaf Society and Ovingdean Hall Foundation to support Ihe I Can Play proleci an increasing number of trust funds and individuals. and we remaln especially grateful to the Maylield Valley Arts Trust for their contlnuing annual grant to support our creative learning programme. COMMERCIAL ACTIVITIES The NCEM team continues to work excepiionally hard to maximise our non-core business. Since 2015 we experienced significant year on year grovrth, and whilst covid interrupted this growth, in 2023124 the NCEM exceeded all previous records generating commercial income of £205,686. Venue Facllltles NCEM'S commercial hire has developed over the past 15 years, evolving from a conference venue to a wedding reception venue as the markets have changed. The NCEM has responded creatively to the changing market, and now the NCEM has become a well-established venu8 for parties and wedding receptions and is optimislic about the signs of re-growth in the conference market. Communlty Hlre As well as providing a venue for specific conferences for clients, Ihe NCEM is also hired out to various organisations who use the space and facilities for their own meetings and events. This is an excellent way of the NCEM serving as a focal point for the local community. Instrument Hlre The various keyboard instruments owned by NCEM make up a unlque collectlon of instruments that are not othe￿iSe available in the north of England. In addition, NCEM has continued to bulld up its collection of modern instruments such as chime bars and percusslon Instruments, which are used for workshops.

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 HUMAN RESOURCES NCEM operates with a small bul highly skilled team. The 8x8CUtive team comprises of Delma Tomlin {Director} and Cherry Fricker (Executive Director}. At 1st April 2024 the board appointed Cherry Fricker to the new role of Executive Director, and will be appointed Company Secretary following the September AGM. Delma Tomlin MBE is an established authority on the promotion of early rnusic and York Mystery Plays. In February 2000 she was given an Honorary Doctorate of the University of York in recognition of her work in the city and with the University. in the 2008 New Year's Honours List she was awarded an MBE for services to the arts in Yorkshire, and in December 2020 she was awarded Honorary Fre8dom of the City of York for her contribution to arts and culture in the City. Delma is a member of the Court of the University of York and was the first female Governor of the York Merchant Adventurers, Company from April 2022- March 2023. Cherry Fricker ACA qualified as a Chartered Accountant In 2001 following a degree In Muslc. Unlll June 2023 Cherry was Vice-chair of Leeds Conservatoire, Chair of the Leeds Conservaloire Audit Commitlee and co-opted member of the Luminale Education Group Audit Committee. Cherry is a trustee of Yorchestra, York's holiday youth orcheslra and a member of the bjard of the 'Y Muslc, Hub, the oversight board for the new combined hub of York Music Hub and North Yorkshire Music Hub. The NCEM team also includes.. Dr Christopher Roberts.. Operations & Events Manager Libby Burborough.. Box Office & Communicatlons Manager Dr Sophie Horrocks.. Artist Development Manager India Ashb8rry.' Evenls Co-ordinator Vicki Surnner: Finance Officer The team is supported by freelance professionals: Shelagh Bourke: Press Consultant Ben Pugh: Digital Consultant & Producer Tim Archer.. Sound Engineer Celia Frisby.. Concert Manager & Programme Editor Mark Hildred.. Duty Manager Emily Lynn: Duty Manager Annabel Amy.. Duty Manager Angle Alle: Duty Manager Guy Tudor: Duty Manager Deborah Whitwell.. Duty Manager Gabriel O'Brien.' Duty Manager The NCEM also ernploys a team of casual workers as Events Assistants.

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The consolidated net expenditure for the year to 31 March 2024 totalled £44,466 {2022123 net expenditure £33,095) on total income of £859,751 (22123 £831,299). The net income on unrestricted funds totalled £1,427 {2022123 £32,679) increasing unrestricted funds as at 31 March 2024 to £161 .190 (2023.. £159,763). This is a strong result through a challenging year where inflationary pressures were high, and achieved through strong artistic performance, continued strong financial management and significant commercial activity. Plans for Future Perlods In November 2022 the NCEM was successful in its application to be funded as an Arts Council England National Portfolio Organisalion and signed a funding agreement in January 2023. Under this funding agreement, Arts Council England will fund NCEM'S activities with £275,44 per annum until March 2026. The NCEM'S partnership in Creative Europe funded projects ceased with the end of the 2019-2023 EEEmerging+ projecl In November 2023. As the UK is no longer participating in Creatlve Europe, the NCEM is exploring alternative ways lo continue to partner with our European colleagues on projects benefittlng the continued development of early music in England. Reserves Pollcy At 31 March 2024, The York Early Music Foundation held reserves of £143.143 (2023: £152,682) excluding those which are restricted or designated or can only b8 realised by disposing of fixed assets held for charity use. Of the total reserves of £2,034,039 (2023.. £2,078,505) restricted reserves total £1,691,386 (2023: £1,743,106}. £181,463 (2023: £175.636} are currently being held as designated reserves which have been set aside to provide £135,500 for future repairs and maintenance of the building, £22,854 to provide for future maintenance of musical instruments. £15.000 to fund future artistic programmes of the York Early Music Festival, and £8,109 designated towards future programmes that support emerging early musicians. The Trustees regard the continuation and steady development of our programmes of great importance. The Foundation has a 154-year lease at peppercorn rent from the York Diocesan Board of Flnance, starting 1999. The Trustees have no legal obligation to the Diocesan Board to maintain St Margaret's Church other than io return the building in the condition in which they acquired it which was in a state of considerable distress. The quinquennial building report prepared by Martin Stancliffe Architects in 1999 details the state of St Margaret's Church pre-restoration. Since opening the Church as the National Centre for Early Music in April 2000, the Trustees have chosen to maintain the building, and grounds, to as high a standard as is practical for a music charity. The most recent quinquennial report was undertaken in 2023 which confirmed that the building is still in good repair and recommended works are being planned. Reserves are needed by The York Early Music Foundation both to enable the organisation to take advantage of opportunities for new initiatives and to provide security should some sources of income be vulnerable in the future having an appropriate level of reserves will allow an opportunity to secure alternative income sources. The Trustees consider an appropriate level of reserves io be 6 months, recurring overhead expenditure on operations of The York Early Music Foundation. The careful financial managemenl over the pasl few years has provided this important support that has enabled the organisation to survive a very challenging time, and to invest in key development projects for the future.

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Charlty number 1068331 Company number 3499629 Adminlstration office address National Centre for Early Music St Margaret's Church Walmgate York Y01 9TL Telephone.. [phone] Trustees P M Murphy {Chairl A Datta Professor P C Fox V Johnson M L McGregor S A R Procter M J Stancliffe P A Tyack Key Management Personnel Dr Delma Tomlin MBE - Dlrectorlcompany Secretary Cherry Fricker ACA - Executive Director Audltor Frances Howard ACA Fortus Audit LLP Equinox House Clifton Park Avenue Shipton Road York Y030 SPA Bankers HSBC Bank plc PO Box 26 13 Parliament Street York Y01 8XS Sollcltor8 Harrowells LLP Moorgate House Clifton Moorgate York Y030 4WY STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsallon The York Early Music Foundation operates as The National Centre for Early Music, based in the restored Church of St Margarei's, York. The Board of Trustees, who are also the directors of the company, administers The National Centre for Early Music. The Board meets quarterly to discuss and agree the Foundation's on-going business, programme and performance and the straiegic direction. The number of trustees is not subject to any rnaximum but should not be less than three. Trustees are required to seek re- election at the first annual general meeting following election, and one third by rotalion must seek re-electlon at every annual general meeting. Day to day operations are delegated to Delma Tomlin {Director) and Cherry Fricker (Executive Director). Delma Tomlin continued to be Company Secretary up until the date of signing of this report, after which the rol8 will transfer to Cherry Fricker in the new role of Executive Director (from the 1 $1 April 2024). No Trustee received any remuneration or b8n8fits during the year in respect of their services to the company.

-10- THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Governing Docum8nl The York Early Music Foundation is a registered charity in the form of a company limited by guarantee (Registered Charity Number 1068331). In the event of the company being wound up, the liability of each of the members is limited to one pound. The Memorandum and Articles of Association (incorporated 27 January 19981 of the company prohibits the distribution of any property to members upon the winding up or dissolution of the company. The financial statements comply with the statutory requirements and with those of the charity's governing document. The York Early Music Foundation Is managed by a Board of Trustees which during the year comprised of.. Anita Datta Trustee Freelance musician and composer Conductor and Founder, The Swan Consort Creative Learning and Participation Producer, London Handel Festlval Prof. Christopher Fox Trustee Composer Honorary Professor of Music, University of York Emeritus Professor of Music, Brunel University London Editor. TEMPO, Cambridge University Press Victoria Johnson Trustee Dean ot Chapel, St John's College Cambridge Trustee, Ryedale Festival Trust Limited Trustee, Church Music Society Governor, St Peter's School, York Derri Lewis Associate Trustee Composer Tours and Library Manager, Chamber Orchestra of Europe Menna McGregor Trustee Trust88, The Royal Ballet School Endowment Fund Trustee, The Dulwich Estate Clerk to the Governors, Alleyn's School Paul Murphy Trustee (Chair) Chair of the York and North Yorkshire Welfare Beneflts Unlt Dr Simon Procter Trustee Diredor of Muslc Servlces, Nordoff and Robbins Martln Stancliffe Trustee Archltect speciallsing In the conservation of hlstoric bulldlngs. Surveyor Emeritus. St Pauls Cathedral Member. York Minster Fabric Advisory Commrttee Member, Canterbury Cathedral Fabric Advisory Committee Paul Tyack Trustee Director of Advancement, Newcastle University

THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Appointment ot TNstees The Board of Trustees keeps under review the skills required of the Board. When necessary, the Board seeks new trustees lo ensure Ihe maintenance of the necessary mix of skills. Trusiees. Induciion and Tralnlng The induction ot new truslees is designed to give them a proper understanding of all aspects of the work of the Foundation. It includes meelings with the directors and board members, covering the wide range of projects administered by the Foundation, the responsibilities associated with the care and maintenance of a historic Church, and the powers and responsibilities of the Trustee Board. The welcome pack includes a copy of the Memorandum and Articles of Association, previous annual reports and accounts, the business plan, a copy of the Charity Commission Guidance "The Essential Trustee" and other relevant papers. Remunerallon Pollcy The Board ol Trustees sets the remuneration of the NCEM'S key management personnel. In doing so, the Trustees priority is to set pay that attracts and keeps appropriately qualified stafl to lead, manage, support and deliver the NCEM'S alms, taking into account normal sector rates, with annual increases being in line with inflation. Equallty and Dlver81ty Pollcy The NCEM has a regularly revlewed equallty and diversity policy. The policy conlirms Ihat the NCEM encourages access for all people to atlendlor participate in its activilies and will not discriminate directly or indirectly against any group or individual through its policies, procedures or operation. The NCEM also recognises and positively values the cultural diversity that exists in British society. Saleguardlng Pollcy The York Early Music Foundation recognises that the welfare of all younglvulnerable persons is paramount, and that it has a duty to safeguard the welfare of all young people and vulnerable adults, whatever their age, culture, disability, gender, language, racial origin, religious beliefs or sexual identity. As such the Foundation ensures that the Safeguarding Policy is in line with current regulation and operates eff ectively within the organisation. Envlronmental Pollcy Recognising its responsibllltles as an ethlcally gulded organisation, The York Early Music Foundation has laid out a voluntary policy regarding ils activities and operations and their impact on the environment. Core to the policy is a commitment to integrale environmental managem8ni principles into each aspecl of the Foundation's day-to-day business to ensure that any environmental issues are addressed. Investment Powers and Pollcy It is the Foundation's policy to obtain funding for activities in its programmes prior to its entering into any commitment. As a result, the Foundation regularly has significant cash funds that are committed to be spenl on specific activities and events over a future period. The Board has delegated responsibility to the CEO for the short-term investment of these temporary surplus funds in the Money Market through the Foundation's bankers. The Foundation does not invest funds in financial instruments that could put the capital invested at risk. Rlsk Management The Truslees quarterly review a lull and delailed Risk Register that identifies the major Sirategic, business and operational risks ihat Ihe NCEM faces and discusses whether the systems and conlrols Ihat have been established to both monilor and mitigale these risks, are sufficient and appropriate. Each risk has been rated as to the potential severily of each risk alongside the likelihood of it occurring. Al each board meeting, trustees identify whether any new risks have arisen that need to be added to the Risk Register.

-12- THE YORK EARLY MUSIC FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. RESPONSIBILITIES The Trustees (who are also directors of The York Early Music Foundation for the purposes of company law) are responsible for preparing the Truslees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and parent charitable company, and of the incoming resources and application of resources, including income and expenditure, of the group and parent charitable company for that period. In preparing these financial Statements, the Trustees ar8 required to.. select suitable accounting policies as described and then apply them consistently; observe the methods and principles in the Charilles SORP 2019 (FRS 102)., make judgements and estimates that are reasonable and prudent., state whelher applicable UK Accounling siandards have been followed, subject to any material departures disclosed and explained in Ihe financial siatements., and prepar8 the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the group and parent charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and parent charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularilies. In so far as the Trustees are,, there is no relevant audit information of whlch the group's auditor is unaware, and the Trustees have taken all Sieps thal Ihey ought to have taken to make themselves aware of any relevant audit informaiion and to establish that the auditor is aware of that informaiion. Approved by the Board of Trustees on 26. Sy. i-.aul .signed on their behalf by: P M hAurphy- Tws omlin - Company Secretary

13- INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS AND TRUSTEES OF THE YORK EARLY MUSIC FOUNDATION Oplnion We have audiled the financial statements of The York Early Music Foundation {the 'parent charitable company) and its subsidiary {the 'group) for the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Activities. the Consolidated and Charity Only Balance Sheets, the Consolidated and Charity Only Cash Flow Statements and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2024, and of the group's its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Klngdom Generally Accepted Accouniing Practice; and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. Basls lor oplnlon We conducted our audit in accordance with International Standards on Auditing (UK} {ISAs {UK}} and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our Olher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation ol the financial statements Is appropriate. Based on the work we have performéd, w6 have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the group's or parenl charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are aLrthorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the Trustees, Annual Report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover th8 other nformation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is io read the other information and, in doing so, consider whelher the other information is materially inconsistent with the financial statements or our knowledge obtained in Ihe course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are requir8d to report that fact. We have nothing to report in this regard.

14- INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE YORK EARLY MUSIC FOUNDATION Oplnions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report (incorporating the directors, report) for the financial year for which the financial stalements are prepared is consisienl with the financial statements. and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required lo report by exception In the light ol our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identilied material misstatement in the directors, r8POrt. We have nothing to r6port in respect ol the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion,. adequate and suff icient accounling records have not been kept by the group and parent charitable company, or returns adequaie for our audit have not been received from branches nol visiled by us. or the group's and parent charitable company's financial statements are not in agreement with the accounting records and returns. or certain disclosures of directors, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies, r8gime and take advaniage of the small companies, exemption in preparing the directors. report and from the requir8m8nt to prepare a strategic report. Responslbllltles ot Trustee8 As explained more fully in the Trustees, Responslbilitles statement set out on page 13, the Trustees {who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial stalements, the Trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidale the group or pareni charitable company or io cease operations, or have no realistic alternative but to do so.

15- INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS AND TRUSTEES OF THE YORK EARLY MUSIC FOUNDATION Auditor's responsibilities for the audit of the flnanclal statements Our objectives are to obtain reasonable assurance about wheiher the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when li exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are Instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect malerial misstatements in respecl of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant frameworks which are directly relevant to speciflc assertions in the financial statements are those that relale to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in Ihe UK. We understood how the charitable company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance. We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the charitable company has established to prevent and detect fraud, and how these are monitored by management, and also any enhanced risk factors such as performance targets. Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above. We also pertormed audit work over the risk of management override of controls, including testing ot journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Because of the Inherent Ilmltatlons of an audit, there is a risk that we wlll not detect all Irregularltles. Includlng those leading to a material misstalement in the tinancial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financlal statements, as we will be less likely to become aware of instances of non- compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.fr .ukJ udilorsr ori ibil'lies. This description forms part of our audilor's report.

16- INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS AND TRUSTEES OF THE YORK EARLY MUSIC FOUNDATION Use ol our report This report is made solely to the charitable company's Members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Acl 2006 and to the charitable company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might state to the parent charilable company's Members and its Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilily to anyone other than the parent charitable company and the parent charitable company's Members, as a body and the parent charitable company's Trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Francès Howard FCA (Senior Statutory Auditor) For and on behalf of Fortus Audit LLP, Statutory Auditor Equinox House Clifton Park Avenue Shiplon Fload York Y030 SPA 2 L 5ef.ktffi￿ 201

17 THE YORK EARLY MUSIC FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Note Unrestricted Designated Restricted INCOME Donaiions & legacies Other trading activities Charitable activities Investment income Other income 49,144 205,686 446,419 5,158 5,000 7,000 12,983 69,127 85,940 205.686 193,316 574,780 545,083 5,158 1,960 5,000 5,000 128,361 TOTAL INCOME 711,407 7,000 141,344 859,751 831,299 EXPENDITURE Raising funds Charitable activltles 86,743 623,237 86,743 81,213 817,474 783,181 1,173 193,064 TOTAL EXPENDITURE 709,980 1,173 193,064 904,217 864,394 NET INCOMEI(EXPENDITURE) FOR THE YEAR 1,427 5,827 (51,7201 (44,466) 133,095 FUNDS 8ROUGHT FORWARD AT 1 APRIL 2023 159,763 175,636 1,743,106 2,078,505 2,111,600 FUNDS CARRIED FORWARD AT 31 MARCH 2024 161,190 181,463 1,691,386 2,034,039 2,078,505 Analysis of the previous year by fund Is summarised on note 23 of Ihe financial statements. The statement of financial activities contains all the gains and losses recognised in the current year. All income and expenditure derives from continuing activities. The deficit of the charity for Companies Act purposes is £44,466 (2023: surplus of £10,594). The notes on pages 22 to 38 form part of these accounts

18- THE YORK EARLY MUSIC FOUNDATION CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 Note 2024 2023 FIXED ASSETS Tangible assets 15 1,439,269 1,460.348 CURRENT ASSETS Debtors Cash at bank and in hand 17 115,232 620,990 66.240 688,677 736,222 739,031 CURRENT LIABILITIES Creditors falling due within one year 18 141,452 136,760 NET CURRENT ASSETS 594,770 618,157 TOTAL ASSETS LESS CURRENT LIABILITIES 2,034,039 2,078,505 NET ASSETS 20 2,034,039 2,078,505 FUNDS General unrestrlcted funds Designated funds 21 21 161,190 181,463 159,763 175,636 Total unrestrlded funds 342,653 335,399 Restricted funds - fixed assets Restricted funds - other 21 21 1,421,222 270,164 1,453,267 289,839 TOTAL FUNDS 2,034,039 2,078,505 COMPANY REGISTRATION NUMBER: 3499629 The Trustees have prepared group accounts in accordance with section 399(4} of the Companies Act 2006 and section 138 of the Charities Act 2011 . These financial statements have been prepared in accordance with the provisions for small companies under Part 15 of the Companies Act 2006 and constitute the annual accounts by the Companies Act 2006 and are for circulation to members of the company. Approve 165, by the Board on . and signed on its behalf by: rphy Trustee Company Secretary and Chief Executive The notes on pages 22 to 38 form part of these accounts

19- THE YORK EARLY MUSIC FOUNDATION CHARITY ONLY BALANCE SHEEf AS AT 31 MARCH 2024 Note 2024 2023 FIXED ASSETS Tangible assets Investments 15 16 1,439,269 1 ,460,348 1,439,270 1,460,349 CURRENT ASSETS Debtors Cash at bank and in hand 17 167,740 550,250 130,706 599,607 717,990 730,313 CURRENT LIABILITIES Creditors falling due withln one year 18 123.221 112,157 NET CURRENT ASSErs 594,769 618,156 TOTAL ASSETS LESS CURRENT LIABILITIES 2,034,039 2,078,505 NET ASSETS 2,034,039 2,078,505 CHARITY FUNDS General unrestricted funds Designated funds 21 21 161,190 181,463 159,763 175,636 Total unrestricted funds 342,653 335,399 Restricted funds- fixed assets Restricted funds- other 21 21 1,421,222 270,164 1 ,453,267 289,839 TOTAL CHARITY FUNDS 2,034,039 2,078,505 COMPANY REGISTRATION NUMBER: 3499629 The Trustees have prepared group accounts in accordance wlth section 399(4} of the Companies Act 2006 and section 138 of the Charities Act 2011. These financial statements have been prepared in accordance with th8 provisions for small companies under Part 15 of the Companies Act 2006 and constitute the annual accounts by the Companies Act 2006 and are for circulation to members of the company. Approved by the Board on Zé S? 4!..ZOt L .and signed on its behalf by: P M Murphy Trustee Company Secretary and Chief Executive The notes on pages 22 to 38 fonn part of these accounts

-20- THE YORK EARLY MUSIC FOUNDATION CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 Cash flows from operatlng actlvltles: Net cash provided by/lused in) operating activities (43,2151 {27,459) Net cash flows from Investlng actlvllles: Interest received Receipts from disposal of tangible fixed assets Payments to acquire tangible fixed assets 5,158 1,960 {29,630} (8,299) Change In cash and cash equlvalenls In the year (67,687) (33,798) Cash and cash 8qulvalents at 1 April 2023 688,677 722,475 Cash and oqulvalents at 31 March 2024 620,990 688,677 RECONCILIATION OF NET INCOMEI{EXPENDITURE) TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Nel Incomel(expendlture) for the year (44,466) {33,095) Adjustments for.. Depreciation of tanglble fixed assels Lossl{profitl on sale of tangible fixed assets Interest received Decreasel{increasel in debtors {Decrease)lincrease in creditors 50,709 51,136 537 {1,960} 117,838) 126,239) {5,158) 148,992) 4,692 Net cash provlded byl(used In) operaiing actlvltles (43,215) (27,459) ANALYSIS OF CASH AND CASH EQUIVALEl￿s 2024 2023 Cash at bank and in hand 620,990 688,677

21 THE YORK EARLY MUSIC FOUNDATION CHARITY ONLY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 Cash flows from operatlng actlvllles: Net cash provided byl(used in) operating activities {24,885} {42,330) Net cash flows from Investlng actlvltles: Interest received Receipts from disposal of tangible fixed assets Payments to acquir8 tangible fixed assets 5,158 1,960 129,630) {8,299> Change In cash and cash equlvalents In the year 149.357) 148,669} Cash and cash equlvalents at 1 April 2023 599,607 648,276 Cash and equlvalentg at 31 March 2024 550,250 599,607 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Incomel(expendlture) tor the year 144,466) 133,0951 Adlustments for: Depreciation of tangible fixed assets Lossl(profitl on sale of tangible fixed assets Interest received Decreasel{increasel in debtors (Decreasellincrease in credltors 50,709 51,136 537 (1,960) (41,876) {17.072) (5,1581 {37,0341 11,064 Net cash provlded byl(used In) operatlng actlvltles (24,885) (42,330) ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash at bank and in hand 550,250 599,607

-22- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACcOUTr￿1NG POLICIES {a) Basls of preparatlon The York Early Music Foundation is a registered charity and private company limited by guarantee, registered in England and Wales. The charity's registered office is as stated on the Trustees, Report. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ssued in October 2019. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The York Early Muslc Foundation constitutes a publlc beneflt entity as deflned by FRS 102. Assets and liabilities are initially recognised at historical cost or transactlon value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling which is the functional currency of the charity. {b) Group flnanclal statements These financial statements consolidate the results of the charity and its wholly owned subsidiary, York Early Music Enterprises Limited, on a line by line basis. As stated in note 15 the charity owns 100 % ot the share capital of York Early Music Enterprises Limited. A separate Statement of Financial Activities (SOFA), or Income and Expenditure Account, for the Foundation itself is not presented because it has taken advantage of the exemptions afforded by Section 408 of the Companies Act 2006. Ic) Income All income is included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Where a lunder specifies that income must be used in future accounting periods or where income is received for future events il is carried forward as deferred income. Income Is stated net of VAT where appropriate. Government grants recelved under the Coronavirus Job Retentlon Scheme are recognised in other income in the same period as the corresponding expenditure falls due. (d> Volunteers and donated servlces and tacllltles In Ilne with th8 SORP, the value of seNices provided by volunteers is not Incorporated Into these financial statements. Volunteers assist with stewarding for events enabling lower staff costs than would otherwise be the case. (e) Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Raising funds comprise the costs associated with attracting non-core income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource.

-23- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE Accoumfs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) Alloeatlon ot support costs The SORP requires allocation of support costs to those activities which they directly support. In the case of shared costs these are allocated on the basis of usage of facilities as set out in note 7. (g) Tangiblè fixed assets Depreciation is provided on all tangible fixed assets in use, other than works of art and sculptures, at rates calculaled to write off the cost or valuation,18ss estimated residual value, of each asset over its expected useful life, as follows: Leasehold land and bulldlngs Instruments Office fixtures and fittings Office computer equipment Website costs 0.8°/o Stralght Ilne 50/9 reducing balance 25°/o reducing balance 25°/o Stralght line 33.330/0 reducing balance Any fixed assets costing more than £500 are capitalised. A full year's depreclation is charged in the year in which the asset is first brought into use. The Trustees have opted to tax the building, St Margaret's Church, for VAT. (h) Investments Investment in the subsidiary is included at cost less any provision for impairment. Flnanclal Instruments The charity has flnancial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ti) Funds stNcturo Restricted funds are funds that can only be used for particular rasiricied purposes within the object of the charity. Restrictions arise when specified by the funder or when funds are raised for a sp&lfic purpose. Designated funds are unrestrfcted funds earmarked by the Trustees for part￿ular purposes. Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. {k) Pensions Employees of the charity are entitled to have a proportion of their remuneration paid as pension premiums directly to their defined contribution personal pension schemes invested with Aviva, Standard Life and NEST. Contributions are charged as expenditure in the year in which they are incurred. Judgements and esllmates The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates are continually reviewed and are based on experience and other factors, includlng expectations of future events that are believed io be reasonable under the circumstances.

-24- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (contlnued) (m} Foreign currency Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate. DONATIONS & LEGACIES 2024 Unrestricted Designated Restricted furKIs funds funds Total 2024 Donations Donated goods (note 24) Subscriptions Grft Aid Legacles 28,390 6,900 270 35,290 270 3,565 23,002 7,000 3,565 17,189 5,813 7,000 49,144 7,000 12,983 69,127 2023 Unrestricted Deslgnated Restricted funds funds funds Total 2023 Donations Donated goods (note 24} Subscriptions Gift Aid 27,859 9,540 4,525 37,399 4,525 2,875 41,141 2,875 17,538 23,603 48,272 37,668 85,940 OTHER TRADING ACTIVITIES Unrestrlcted Deslgnated Tolal funds funds 2024 Unrestricted Designated Total funds funds 2023 Tradlng subsidiary {Note 10) Box Off ice Commission Hire of Church Bar Sales Instrument & Equipment hire Other activities income Recording fees PRS income 108,710 8,279 33,517 45,321 6,835 344 1,950 730 108,710 8,279 33,517 45,321 6,835 344 1,950 730 90,585 10,000 100.585 8,494 8,494 22,925 22,925 53,036 53,036 5,240 5,240 425 425 1,800 1,800 811 811 205,686 205,686 183,316 10,000 193,316

-25- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES 2024 Unrestricted Designated Reslricted funds funds funds Total 2024 Arts Council England, Yorkshire: Annual grant Mayfield Valley Arts Trust City of York Council,. Annual grant Festival grant East Riding of Yorkshire Council I Can Play (Yorkl.. Harrogale Deaf Society Ovingdean Hall Foundation Other Income Cuppa & a Chorus.. Purey Cust Trust Patricia & Donald Shepherd Charitable Trust Other NCEM Education Programme: York Music Hub Sponsorship Other York Minster Mystery Plays Archive EEEm8rging+ IYAC Enlry Fees York Early Music Festival.. John Feldberg Foundation Other Beverley Early Music Festival York Early Music Christmas Festival Yorf( Early Music Digital Festivals NCEM Season Programme 275,444 275.444 34,875 34,875 4,600 3,800 4,600 3,800 15,000 15.000 4,400 3,000 4,400 3,000 187 187 1,500 1,000 1,500 1,000 1,710 1,710 1,125 2,500 1,012 2,500 51,886 1,125 2,500 1,012 2,500 51,886 9,563 9,563 78,883 23,074 17,648 4,392 36,681 78,883 23,074 17,648 4,392 36,681 446,419 128,361 574,780

-26- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES 2023 Unrestricted Designated Restricted funds funds funds Total 2023 Arts Council England, Yorkshire: Annual grant Capital Kickstart grant Culture Recov8ry Fund grant 1 Culture Recovery Fund grant 2 Mayfield Valley Arts Trusl City of York Council.. Annual grant Festival grant Covid support grants Make it York Events & Festivals Grant Cultural Wellbeing Grant East Riding of Yorkshire Councll Music4U Youth Music I Can Play (York) Harrogate Deaf Society Other Income Trusts & Foundations Yorf( Music Hub NCEM Education Programme EEEmerging+ IYAC Entry Fees York Early Music Festival Beverley Early Music Festival York Early Music Christmas Festival York Early Music Digital Festivals NCEM Season Programme 275,444 275,444 14,875 14,875 4,600 3,546 4.600 3.546 3,000 1,750 15,000 3,000 1,750 15,000 4,400 500 2,500 563 4,400 642 2,500 563 42 54,751 2,585 76,522 24,453 13,349 6,925 40,136 142 42 8,950 2,585 76,522 24,453 13,349 6,925 40,136 45,801 456,694 88,389 545,083 INVESTMENT INCOME All of the charity's investmenl income arises from interest bearing deposit accounts. OTHER INCOME Unrestricted Unrestricted and total and total 2024 2023 Employment Allowance 5,000 5,000 5,000 5,000

27- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE - RAISING FUNDS Unrestricted Unrestricted and total and total 2024 2023 Note Markeling and promotion Business development Bar costs Costs associated with external hire Trading subsidiary 14,242 4,597 27,073 11,573 29,258 15,566 4,755 27,159 6,839 26,894 10 86,743 81,213 EXPENDITURE - CHARITABLE ACTIVITIES 2024 Unrestricted Designai6d Restrlcted funds funds funds Total 2024 NCEM Promotions York Early Music Festival B8verley Early Music Festival York Early Music Christmas Festival York Early Music Digital Festivals EEEmerging+ I Can Play Early Music Research Cultural Commissioning Project NCEM Education Programme NCEM Composers Award York Mystery Plays Archive REMA expenses Restricted Property Fund NCEM Young Artists Competltion Development Costs Audience Development BBC New Generation Baroque Ensemble 113,850 157,752 35,039 66,372 18,343 32,035 20,618 7.566 16.203 18,888 121,416 173,955 53,927 66,372 18,343 91,330 31,705 59,295 11,087 22,970 39,772 34,205 1,411 2,039 22,970 64,819 39,705 2,454 2,039 42,721 18,345 19,109 16,517 31,747 25,047 5,500 1,043 42,721 5,714 12,631 19,109 16,517 30,574 1,173 623.237 1,173 193,064 817,474

-28- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE Accoumfs FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE - CHARITABLE ACTivrriES 2023 Unreslricted Designated Restricted funds funds funds Total 2023 NCEM Promotions York Early Music Festival Beverley Early Music Festival York Early Music Christmas Festival York Early Music Digital Festivals EEEmerging+ I Can Play Early Music Research Cultural Commissioning Project NCEM Education Programme NCEM ComFX)sers Award York Mystery Plays Archive REMA expenses Restricted Property Fund NCEM Young Artists Competition Development Costs Audien￿ Development BBC New Generation Baroque Ensemble 86,565 155,499 33,024 57,599 22,053 33,331 25,630 163 19,758 34,273 34,502 2,263 1,047 22,200 5.751 2,500 17,331 114,516 157,999 50,355 57,599 22.053 71,519 31,961 163 22,258 51,881 39,502 2,263 1.047 47,912 41,023 17,992 17,139 35,999 38,188 6,331 2,500 17,608 5,000 47,912 29,317 11,706 17,992 17,139 28,788 7,211 581,332 29,411 172,438 783,181 Support costs 2024 2023 Premises costs Administration and office costs Insurances Maintenance Governance Depreciation Loss on disposal of fixed assets 35,999 250,442 23,530 57,833 6,380 50,709 28,548 243,172 23,131 54,559 6,690 51,657 424,893 407.756 Allocation of support costs is based on the usage of facilities. All support costs have been allocated to projects in charitable activities in accordance with the SORP.

29- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE - CHARITABLE ACTIVITIES (contlnued) Total 2024 Total 2023 NCEM Promotions York Early Muslc Festival Beverley Early Music Festival York Early Music Christmas Festival Online Festivals EEEmerging+ I Can Play NCEM Education Programme NCEM Composers Award York Minster Mystery Plays Archive NCEM Young Artists Competition BBC New Generation Baroque Ensemble Arts & H8alth Programme Development Costs 14.0 14.0 59,485 59,485 12,747 29.743 12.747 31.867 25.494 59.485 27.618 2,124 10,622 33,991 21,245 38,240 15.0 16.0 61,163 65,241 12,233 28,543 30,582 30,582 48,930 28,543 2,039 10,194 32,620 20,388 36,698 14.0 12.0 100.0 424,893 100.0 407,756

30- THE YORK EARLY PIUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NET INCOME FROM TRADING SUBSIDIARY The company owns 1 OOQ/o of the ordinary share capital of York Early Music Enterprises Limited, which is incorporated in England and Wales. A summary of the trading results is shown below: Summary statement of income and retalned earnlngs 2024 2023 Turnover Cost of sales 108,710 (29,258) 100,584 {26,893) Gross profit 79,452 73,691 Expenses (10,9571 111,092) Net profit Gift Aid 68,495 168,495) 62,599 (62,5991 Retained by subsidiary Intercompany transactlons Rent Gift Aid 10,000 68,495 10,000 62,599 Net profit from trading subsidiary 78,495 72,599 The assets and liabilities of the subsidiary are.. Current assets Credilors.. amounls falling due within one year 96,727 196,727) 97,201 {97,201 } Total net assets Aggregate share capital and reseNes

31 THE YORK EARLY MUSIC FOUNDATION NOTES TO THE Accou￿rS FOR THE YEAR ENDED 31 MARCH 2024 10. ANALYSIS OF STAFF COSTS 2024 2023 Salaries and wages Social security Pension costs Other benefits 208,179 16,510 27,206 1,500 195,782 16,117 26,018 1,500 253,395 239,417 No employees recelved total employee beneflts of more than £60,000 in the year. No Trustee has received remuneration or benefits during the year in respect of their seNices to the company. The key management personnel of the parent charity comprise ot 2 persons12023: 2). The total employee beneflts of the key management personnel of the charlty was £104,791 12023: £100,674). The reimbursemenl of Trustees expenses was as follovrfs: 2024 2023 No. No. Total 619 142 STAFF NUMBERS The average number of employees and full-time equivalent employees durlng the year was as follows: 2024 2023 Average number of employees Full time equivalents 12. PENSION SCHEME The pension contributions are paid directly to the employees, defined contribulion personal pension schemes invested with Aviva, Standard Life and NEST. 13. MOVEMENT IN TOTAL FUNDS FOR THE YEAR This is stated after charging: 2024 2023 Auditors, remuneration - audit Inetl Depreciation of langible fixed assets (Profitllloss on disposal of tangible fixed assets Foreign exchange Igains)Ilosses 3,720 50,709 3,550 51,136 492 (2,607) 3,372

-32- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 14. TANGIBLE FIXED ASSETS Group and charlty Long leasehold land and buildings Instruments Equipment Total Cost or valuallon At 1 April 2023 Additions Disposals 1,539,965 91,231 437,000 29.630 154,837) 2,068,196 29,630 (54,837) At 31 March 2024 1,539,965 91,231 411,793 2.042,989 Depreclaiion At 1 April 2023 Charge for year Disposals 190,870 12,320 64,968 1,343 352,010 37,046 (54,837) 607,848 50,709 154,837) At 31 March 2024 203,190 66,311 334,219 603,720 Net book value At 31 March 2024 1,336,775 24,920 77,574 1,439,269 At 31 March 2023 1,349,095 29,261 84,992 1,460,348 15. INVESTMENTS Charlty York Early Muslc Enterprises Limited Cost At 1 April 2023 and 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 The York Early Music Foundation owns 1000/9 of the issued share capital of York Early Music Enterprises Limited. The aggregate capital and reserves of York Early Music Enterprises Limited as at 31 March 2024 and 31 March 2023 was £1.

33- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 16. DEBTORS 2024 2023 Charity Group Charity Group Trade debtors 4,364 Amounts due from trading subsidiary 78,495 Prepayments 34,507 Accrued income 50,374 30,351 5,527 72,598 36,285 16,296 13,659 34,507 50,374 36,285 16,296 167,740 115,232 130,706 66,240 17. CREDITORS: Amounis falllng due wlthln one year 2024 2023 Charity Group Charlty Group Trade creditors Other creditors Other taxes Deferred income {note 19) Accruals 11,923 2,927 9,248 95,121 4,002 15,203 2,927 11,258 107,117 4,947 16,662 3,630 7,860 76,682 7,323 16,936 3,630 11,223 96,688 8,283 123,221 141,452 112,157 136,760 18. DEFERRED INCOME 2024 2023 Charity Group Charity Group Deferred income brought forward Released in Ihe year Deferred in the year 76,682 (74,459) 92,898 96,688 {94,2651 104,694 83,392 171,133) 64,423 112,277 199,816} 84,227 Deferred income carried forward 95,121 107,117 76,682 96,688 D8ferred income represents monies received in advance for future events.

-34- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 19. ANALYSIS OF GROUP NET ASSETS BY FUND 2024 Fixed assets Net current (charity use> assets/(liabilities) Total Restricted funds General unrestricted fund Designated funds 1,421.222 18.047 270,164 143,143 181,463 1,691,386 161,190 181,463 1.439,269 594,770 2,034,039 2023 Fixed assets Net current (charity use) assets/{liabilities) Total Restricted funds General unrestricted fund Deslgnated funds 1 ,453,267 7,081 289,839 152,682 175,636 1,743,106 159,763 175,636 1 .460.348 618,157 2,078,505

-35- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 20. ANALYSIS OF CHARITY FUNDS 2024 At 01.04.2023 At 31.03.2024 Income Expenditure Transfer Unrestrlcled Funds General funds 159,763 711,407 (709,9801 161,190 Deslgnated Funds Maintenance Funds General 135,500 Musical Instrumenls 22,854 York Early Music Feslival Fund 15,000 Legacy 2,282 Legacy 135.500 22,854 15,000 1,109 7,000 {1,173) 7,000 Total Unrestricted Funds 335.399 718,407 711,153 342,653 2023 At 01.04.2022 At 31.03.2023 Income Expenditure Transfer Unrestrlcled Fund8 General funds 127,066 695,242 (662,545) 159,763 Deslgnated Funds Maintenance Funds General 125,500 Musical Instruments 22,854 City of York ARG 22,200 York Early Music Festival Fund 15,000 Legacy 9,493 10,000 135.500 22,854 (22,200) (7,2111 15,000 2,282 Total Unrestricted Funds 322,113 696,606 {691,9561 335,399 The Maintenance Funds were established to building and to provide for lulure maintenance o The York Early Music Festival Fund Is to provide for the costs of future Festivals. The NCEM received an Additional R8source Grant of £22,200 from City of York Council to provide financial support to Ihe NCEM 2022 Spring Season. The NCEM received a Legacy of £10,000 in 2017118 to support future projecls supporting young emerging ensembles. The NCEM received a Legacy ot £7,000 in 2023124 to support future projects supporting young artists. rovide for future repairs and maintenance of the musical instruments.

-36- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE Accou￿rS FOR THE YEAR ENDED 31 MARCH 2024 20. ANALYSIS OF CHARITY FUNDS (continued) 2024 At 01.04.2023 At 31.03.2024 Income Expenditure Transfer Restrlcled Funds - Fixed Assels Property Fund 1,349.095 Capital Grants Fund 104,172 Reslrlcted Fund8 - Other Ca ital Fund alysl Artistic Fund I Can Play (York) John Marvin Fund Beverle E M Festival NCEM ducation Fund Mayfield Valley Arts Trust York Earl Music Festival York Mys ery Plays Archive EEEmer ing+ Arts& ellbeing Fund IYAC Donation Famil Friendly Donation BBC Kew Generation Fund Young Artists Fund 12,320 30,401 1,336,775 84,447 10,676 26,631 28,841 14.949 700 9,592 12.064 7,761 103,923 (10,676> 15,955 8,088 16,012 1,600 8,204 14,758 2,929 98,183 1,457 120,753 {6,400 (100 (16,388 11,943 39,707 16,203 (1,043 144,256 {1,050 7,463 1,000 15,000 4.637 34,875 10,463 2,500 51,886 2,500 14,211 1,050 6,000 10,412 22,233 31,472 (21,841) 2,500 6,000 10,412 20,733 63,333 1,000 10,020 12,500) 21,841 Total Restricted Funds 1,743,106 141,344 (193,064) 1,691,386 2023 At 01.04.2022 At 31.03.2023 Income Expenditure Transfer Restrlcled Funds - Flxed Assetg Property Fund 1.361,415 Capital Grants Fund 134,683 Reslr5cled Funds - Other Ca ital Fund 12,320 35,591 1,349,095 104,172 5,080 27,961 39,712 10,380 700 11,923 12,757 24,365 93,695 3,700 (5,080) 26,631 28,841 14.949 700 9,592 12,064 7,761 103,933 (10,871 {1,331 (17,331 (1,381 (31 ,479 I Can Play (York) John Marvin Fund Beverle E M Festival NCEM Iducation Fund Mayfield Valley Arts Trust York Early Music Festival York Mystery Plays Archive EEEmer Ing+ 5,900 15,000 688 14,875 10,228 15,844 45,801 4,250 2,500 1,250 5,000 13,815 3,000 (47,434 3.200 7,500 14,211 1,050 6.000 10,412 22,233 31,472 IYAC Donation Famil Friendly Donation BBC Kew Generalion Fund IYAC / Young Artists Fund NCEM Promotions Fund 11,000 9,162 17,233 18,657 1,000 3,000 Total Restricted Funds 1,789,487 126,057 (172,438) 1,743,106

-37- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 21. ANALYSIS OF CHARITY FUNDS (continued) The transfer of £10,676 12023: £5,080) from the Arts Council Capital Programmes to the Fixed Assets Ca ilal Grants Fund represents the Net Book Value of capital expenditure during 2023124 funded by Phe Arts Council Capilal Programmes. The Property Fund represents restricted funding for the restoration and conversion of the building and represents the net book value ol the assets at the year end. The Capital Grants Fund represents capitallsed equipment and instruments purchased from restricted funds and represents the net book value of the assets at the year and. The Capital Fund represents lunding raised to improve the audience environment, further reduce the NCEM'S carbon footprint, and to improve the NCEM'S digital presence. Calalyst Artistic Fund consists of donations from individuals and supporters raised under the Arts Council Catalyst Programme and matched by the Arts Council. These funds are restricted for future artistic programming, I Can Play (York) represents fundlng from trusts, foundations and individual donations lo support the NCEM'S music project for Dldeaf young people in York. The John Marvln Fund Is to fund awards for excellence by members of the Mlnster Minstrels. The Beverley Early Music (EM) Festival fund represents grants provided to support the festival. The NCEM Education Fund is for supporting musical activitl8s involving students and young people. The Ma￿le1d Valley Arts Trust Fund represents a grant to support NCEM'S Learning and Participation Programme of musical activities involving stud6nts and young people. The Yort( Early Music Festivals Fund relates to a grant from The York Early Music Fastival after It ceased to operate as an independent organisation and transferred the administraiion to the NCEM. In 2023124 the National Cenire for Early Music received a grant from the York Mystery Plays to administer the archive. The NCEM is a partner in EEEmerging+ (Emerging European Ensembles}, a large-scale European co-operation project, supported by the Creative Europe Cultural Programme, dedicated to Early Music young ensembles and ran from September 2019 to November 2023. The Arts and Wellbeing Fund represents funding awarded to the NCEM from a variety of trusts and organisaiions to support the NCEM'S programme of musical activities and research in the area of health and wellbeing. In 2018119 the NCEM received a donation of £10,000 to support future York Early Music Festival International Young Artists Competitions (IYACI. In 2018119 the NCEM received a donation of £10,000 to fund the Family Friendly Programme. The BBC New Generation Fund represents funding from individual donors to supporl the collaboralion with the Royal College of Music and BBC Radio 3 on a UK-based projecl entitled 'BBC Radio 3 New Generalion Baroque Ensemble. the key goal of which is lo support the ongoing professionalisation of a selected early music ensemble. The NCEM receives donations to support future programmes that the NCEM develops to support the careers of young artists.

-38- THE YORK EARLY MUSIC FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 22. RELATED PARTY TRANSACTIONS Other than transactions with Trustees as set out in note 10, there have been no transactions with related parties. 23. COMPARATIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Note Unrestricted Deslgnated Restricted Total INCOME Donations & legacies Raising funds Charitable activities Investment income Other Income 48,272 183,316 456,694 1,960 5,000 37,668 85,940 193,316 545,083 1.960 5,000 10,000 88,389 TOTAL INCOME 695,242 10,000 126,057 831,299 EXPENDrruRE Raising funds Charitable activities 81,213 581,332 81,213 783,181 29,411 172,438 TOTAL EXPENDITURE 662,545 29,411 172,438 864,394 NET INCOMEI{EXPENDITURE) FOR THE YEAR 32,697 (19,411) (46,381) (66,315) FUNDS BROUGHT FORWARD AT 1 APRIL 2022 127,066 195,047 1,789,487 2,111,600 FUNDS CARRIED FORWARD AT 31 MARCH 2023 159,763 175,636 1,743,106 2,078,505 24. RESULTS OF THE YORK EARLY MUSIC FOUNDATION The Foundations, deficit for the year is £44,464 (2023: deficit of £33,093). The Foundation has not presenied its own Statement of Financial Activities and Income and Expenditure Accouni as permitted by Section 408 of the Companies Act 2006.

39- THE YORK EARLY MUSIC FOUNDATION The followlng pages do not form part ol the statutory account

-40- THE YORK EARLY MUSIC FOUNDATION DETAILED CHARITY ONLY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 DONATIONS & LEGACIES Donalions (other) Subscrlplions Gift Aid Legacies 35.560 3,565 23,002 7,000 41,924 2,875 41,141 69,127 85,940 OPERATING INCOME Charltable actlvilies Arts Council England, Yorkshire Annual grant Mayfield Valley Arts Trust Cily of York Council.. Annual grant Festival grants Make it York.. Events and F8Stlvals Grant Cultural Wellbeing Grant East Ridiiig of Yorkshire Council I Can Play Harrogate Deal Society Ovingdean Hall Foundation Other income Culture and Wellbeing: Purey Cusi Trust Patricia & Donald Shepherd Charitable Trust Other income NCEM Education.. York Music Hub Other EEEmergin Internationa Youn Artists Competltioii York Earl Music esiival Beverley arly Music Festival York Early Music Christmas Festival York Early Music Online Festivals NCEM Promolions 275,444 34,875 275,444 14,875 4,600 3,800 4,600 3,546 3,000 1,750 15,000 15,000 4,400 3,000 187 4,400 642 1,500 1,000 1,710 1,500 1,000 1,125 3,512 51,886 563 42 54,751 2,585 76,522 24,453 13,349 6.925 40.136 78,883 23,074 17,648 4,392 36,681 574,780 545,083 Ralslng lunds Otlier aclivilies income Recording fees Bar sales Instrument & equipment hire Box Office commission PRS income Hire of church Rental income 344 1,950 45,321 6,835 8,279 730 33,517 10,000 425 1,800 53,036 5,240 8,494 811 22,925 10,000 106,976 102,731 TOTAL OPERATING INCOME 750,883 733,754 Bank interest receivable York Early Music Enterprises Gift Aid Employment Allowance 5,158 68,495 5,000 1,960 62,599 5,000 TOTAL INCOME 829,536 803,313

41 THE YORK EARLY MUSIC FOUNDATION DETAILED CHARITY ONLY INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 TOTAL INCOME 829,536 803,313 Charitable aclivltles NCEM Promotions York Early Music Festival Beverly Early Mu51¢ Festival York Early Music Christmas Festival York Early Music Online F8Stivals EEEmerging+ BBC New Generation Baroque Ensemble I Can Play Early Music Research NCEM Education Programme NCEM Composers Award York Mystery Plays Archive REMA Expenses Restricted Property Funds NCEM Young Artists Competition Arts & Health Programme Developmenl Costs Audience Development 121,415 173,955 53,927 66,372 18,343 91,329 31,747 31,705 114.516 157,999 50,355 57.599 22,053 71,519 35,999 31,961 163 51,881 39,502 2,263 1,047 47,912 41,023 22,258 17,992 17,139 64,819 39.705 2,454 2.039 42.721 18,345 22,970 19,109 16,517 Dlrect charltable expendiiure 817,472 783,181 Ralslng fund8 Marketing and promotion Business development Bar costs Costs associated with hire ol church 14,241 3,640 27,073 11,573 15,566 3,663 27,159 6,839 56,528 53,227 TOTAL EXPENDITURE 874,000 836,406 NET INCOMEI(EXPENDITURE) (44,464) (33,093)