FioRTUS
THE YORK EARLY MUSIC FOUNDATION
Financial Statements
For the year ended 31 March 2024
Company Registration No: 3499629 (England and Wales)
456
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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.. 01904 645738
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)