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2025-12-31-accounts

Company registration number: 03475445 Charity registration number: 1068417

CAMBRIDGE SUMMER MUSIC LTD. TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Cambridge Summer Music Ltd. Contents

Page
Reference and Administrative Details 1
Trustees' Report 2—5
Independent Examiner's Report 6
Statement of Financial Activities (including Income and Expenditure Account) 7
Comparative Statement of Financial Activities (including Income and Expenditure Account) 8
Balance Sheet 9
Notes to the Financial Statements 10—15
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account) 16

Cambridge Summer Music Ltd. Reference and Administrative Details For The Year Ended 31 December 2025

Trustees Mr H N Edmundson - Chairman
Mr J N Heath
Mrs C W Pemberton
Mrs R J French
Mr K M Ma
Mr R J Bamber (appointed 07/05/2025)
Dr F E Cornish (appointed 20/08/2025)
Charity Number 1068417
Company Number 03475445
Principal Address The Barn, Musgrave Farm
Horningsea Road
Fen Ditton
Cambridge
CB5 8SZ
Registered Office The Barn, Musgrave Farm
Horningsea Road
Fen Ditton
Cambridge
CB5 8SZ
Independent Examiner Lynn Mandari ACCA
Aston Shaw
The Union Building
51-59 Rose Lane
Norwich
NR1 1BY

Page 1

Cambridge Summer Music Ltd. Company No. 03475445 Trustees' Report For The Year Ended 31 December 2025

The trustees present their report and the financial statements for the year ended 31 December 2025.

Objectives and Activities

Aims and Objectives

Cambridge Summer Music exists to provide Cambridge and the region with a major four-week classical music festival in July and other concerts during the year. The target audience is primarily the regional community of Cambridge, but it also attracts the many tourists that are drawn to Cambridge from around the globe.

The charity's main aims are to promote, improve, develop, and maintain public education and appreciation of the art and science of music in all its aspects by the presentation of public concerts and recitals and by such other charitable work as the Trustees shall determine.

Public Benefit

In planning the activities of the charity, the trustees have given due regard to the Charity Commission's guidance on public benefit. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

A Successful Summer Festival

2025 was the third year for our festival director, Ben Johnson, hired in December 2022. This year, he continued to extend the classical music programme to extend over the whole month of July, matching the popular Sounds Green concerts. Further relationships were established with national organisations responsible for the nurturing of young musical talent—details below. As in 2024, the festival featured important educational events—all the festival events are described below in more detail.

Management

During 2025, we welcomed Roger Mamber and Fiona Cornish as new Trustees (details below), and Corinn Billington (chartered accountant) became our finance officer.

Sponsors

The 2025 festival benefited from the continued generosity of composer and benefactor, Christopher Wood, of longtime supporter Shirley Ellis, and of the BigGive Arts for Impact charity. The Cambridge Independent weekly newspaper kindly provided muchneeded publicity.

Partnerships

− We continued to build on existing promotion partnerships with the Cambridge University Botanic Garden to co-promote the popular Sounds Green concerts, with Childerley Estates to co-promote our very successful opera events, with Gabrieli Roar to co-promote oratorios in Ely Cathedral, and for the first time with the Cambridge Philharmonic in a performance of Peter Grimes at Saffron Hall. These relationships develop a wider reach to the community and depending on the financial model help alleviate financial risk in promoting concert events.

Festival director Ben Johnson continues to expand partnerships with national organisations nurturing young musical talent. Creating the most impressive footprint of young talent in any UK music festival, these relationships include:

Friends

The Friends hierarchy remains as announced in 2023 (see below). The benefits at each level respect HMRC rules:

Page 2

Cambridge Summer Music Ltd. Trustees' Report (continued) For The Year Ended 31 December 2025

2025 Festival (2 - 30 July)

The 2025 festival was launched on 24 April 2025 at Pembroke College Old Library, courtesy of the Master of Pembroke Lord Chris Smith. Around 80 current and potential CSM donors were invited for drinks, canapés and a short concert by the young harpist Jamal Kashim. Festival brochures were on hand and distributed.

The Sounds Green series of popular concerts at the Cambridge University Botanic Garden kicked off the 2025 festival with increasing numbers of the public enjoying picnics, music and the occasional dance on the lawns in mostly good weather.

The festival programme was as follows, with Sounds Green events in green:

The festival featured many outstanding performances and was well received with 2448 tickets sold, or 85% of the budgeted sales. This represented a decrease from 2024, due to slightly less concerts than in 2024 and generally poorer attendance.

We again featured two educational events. Festival director Ben Johnson gave a four-hour singing masterclass at St John’s Divinity auditorium with student singers from the Royal College of Music. It provided an extraordinary insight into the challenges of achieving a professional level of performance. And thanks to ex-Trustee Clare Gilmour’s dedication, a Young Composer’s workshop was held in Churchill College’s chapel, in which six young composers were coached and their compositions performed by workshop leader Ewan Campbell. Plans are to repeat both these events in 2025.

2025 Christmas Concert

We enjoyed another sold-out successful Christmas Concert featuring Sir John Rutter and the Clare College choir at the Church of Our Lady and the English Martyrs on Hills Road.

Structure, Governance and Management

Governing Document

The charity is controlled by its governing document, Memorandum of Association and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

To avoid confusion about the concept of Members, as specified in the governing document, an amendment was approved by the Trustees on 21 November 2022, ensuring that only Trustees can be Members of the charity. The amendment reads:

Page 3

Cambridge Summer Music Ltd. Independent Examiner's Report to the Trustees of Cambridge Summer Music Ltd. For The Year Ended 31 December 2025

“In accordance with the power in Article 61 to make rules for the proper management of the Charity, the Trustees agree that any person appointed as a Trustee will also become a Member of the Charity as set out in Article 2 until the date on which they retire or cease to hold the office of trustee when their membership of the Charity will also terminate.”

Current CSM Trustees, as of December 31, 2024: Henry Edmundson, Chairman

MA (Cantab), MSc (Bristol); retired senior executive Schlumberger Ltd, Paris; lifelong amateur musician having studied harpsichord with Professor Gordon Murray, latterly of Vienna’s University of Music and Performing Arts, and piano with the international virtuoso Robert Goldsand, one-time pupil of Moriz Rosenthal; has been an active oboist; mountaineer and explorer; author of three nonfiction books. Member of the Alpine Club, Member of the Himalayan Club, Fellow of the Royal Geographical Society.

Nick Heath

Nick Heath’s main career has been in commercial property, with a sideline as a wine merchant. He lives in Cambridge and is linked to a number of local organisations: as trustee of Cambridge Union Society he was involved with the recent major refurbishment there. He is a council member at Academy of Ancient Music and was previously chairman of Friends of All Saints, the special and once neglected Victorian church in Jesus Lane. He enjoys tennis and is on the committee that runs Cambridge University Real Tennis Club. He has close links with Childerley Hall, the venue for the CSM opera events.

Ceri Pemberton

Ceri trained as a solicitor in London before joining English Heritage where she stayed for over 20 years as Head of the Legal Department. She has experience of charity law both as advisor and trustee. Ceri is particularly interested in music education and the opportunities in Cambridge to find creative ways to make the experience of live music as broadly available and enjoyable as possible for young people as participants as well as audience. She is interested in encouraging new and imaginative uses for historic buildings including as venues for the performing arts.

Rachel French

Originally with a background in sales and management consultancy, Rachel French is a senior arts and heritage fundraiser having held several leadership positions in museums and galleries. She now heads up fundraising and comms at local independent charity Cambridge Past, Present & Future.

Ka Man (Nikson) Ma

Nikson is a fellow member of The Chartered Institute of Management Accountants. He was a CFO of a private equity firm, held the role of treasurer at a multinational corporation, and was also previously a corporate banker. As a trustee of Cambridge Summer Music, he plays a pivotal role in financial affairs and fundraising initiatives. Currently residing in Cambridge, Nikson is deeply passionate about live music performances, with a particular interest in musicals and opera.

Roger Bamber

Roger practised as a family law solicitor for over thirty years and was a partner in a large national firm. He was heavily involved with developing alternatives to the court-based approach of the legal profession and pioneered a multi-disciplinary approach to helping families. Roger now runs a business renting art, which along with music has been his lifelong interest. He sings in a choir and enjoys live performances of a broad range of musical genres. He is interested in making the arts accessible to a broader audience.

Fiona Cornish

Fiona has been a General Practitioner in Cambridge since 1990, looking after many university students and local families. She is an active participant in many local organisations, including Trustee of Addenbrooke’s Charitable Trust from 2014-2024 and Churchwarden of Great St Mary’s Church since 2023. Music has always been an important part of her life. She enjoys playing the cello in a local amateur orchestra and sings in the Cambridge University Symphony Chorus. She is enthusiastic about bringing live music to children and a wider audience.

Current CSM Executive:

Cambridge Summer Music is organized into four teams: Concerts, Administration, Friends and Finance.

Festival Director: Ben Johnson

Ben Johnson enjoys a varied career as a singer, conductor, teacher and artistic director. He co- founded the Southrepps Music Festival in Norfolk and is currently a vocal professor at the Royal College of Music. His international performance career has taken in concert, recital and opera performances, collaborating with the world’s finest conductors and pianists. He has made several appearances at the BBC Proms, performing at the Last Night in 2017, and has performed in most of Europe’s great concert halls as well as Carnegie Hall and Boston Symphony Hall in the USA. He has enjoyed a close relationship with English National Opera, as well as performing extensively with companies including Glyndebourne, Opera de Lyon, Bergen National Opera and Opéra National de Bordeaux, to name but a few.

Concerts: Kim Waldock led the Concerts team in 2025 and was responsible for the smooth planning and running of all events—this was her last year in the role, having moved back permanently to Australia. The Front-of-House team also included long-time CSM volunteers Amy Klohr and Julie Anderson. In addition, a handful of paid concert assistants and 50 or more volunteer ushers are called upon.

Page 4

IRdeperNknt Ex•mlneVs Report t• the Trustees 0¢ C•mbtldge Summer Muslc Ltd. For The Y••r End•d 31 l>ecembef 2025 Admlnlstr•tl•)n: Clare GIlm￿r heads administratlon, whlth indude5 mainten6nce d the website, and email cNnpaigrts. Design of material. prIn￿n9￿ and mud) of the mafketlng di5tr>uUon is outsaurceJJ. Marketlng: This ye8r we focused more on sociol rnellia. Nikki Gohjup of Block & White Creatsve. We expect Nikki to take on more of our Mark￿kn9 actlvlty In 2026. Frlends: our foithful communlty of Frfends. wtr) provlde Importart flnanclal suppjrt. are mana9ed by volunteers Molra Malfroy and Clem Messenger. Fln•nc•: Corinn &llington, eertified accountants leads the finano•l team. CSM Honorary Patrnn&' Cambridge Summer Muslc is fortunate to have the SUPkX)rt of the followlng illustrtous Nortorait Patrons: Juliet Abrohamson. Festival Director of Camknd9e Summer Music from 1994 to 2015, •rts administrator with Ben51ow Must Trust, national board rnernber of Brltish Arts Festyval A550ciation {SAFA) - Qame Mary Archer 08E, ¢Jisln9ulshed physicjl d￿mi#. forni￿ Choirman of National Energy Foundation, f¢)rner Chalrnian of AOdvnhrDne' NH5 Tru•t, ChafirP￿¥ of Ilnl¥ersiv fjl ￿￿kinDha1n ¢hairnw r4 C•mliA9 F•rJy P441slc - TIM Brown, ftrmer Dlrector of Musl¢, Fellow of Cklre College, Cambridge. founder of the Zwcher g"ng-Akademle, pre￿Ou$ CholrrTTan of Cambrldge Summer Muyc - Katle Derham, BBC TV and Radlo 3 presenter, ballroom star - Joanna Lumley OEIE, artress. TV prtsenter, noVonJl aCYv￿t for Many - John Ruiter C5E, renowned tomty)ser and choral dlrector. founder of the Cambrld9e ￿ng¥s, lsidert of the Bath Cholr - Lord 5rnrth ol Flnsbury PC, Chancemor ol Cambrldge lffiiverslty {2025 .), Secretary of State lor Cutture, Medla and Sport from 1997 to 2001 - Davld Hlll MBE, Olrettor ol the 8ach Chow. P￿s￿dent ol thE Royal C•lle9e d CkganTr#s Stat•ment of Tru•tM•' R•4>oMlbllltl•• The trustees (who are also the directors ol CaFnbrlOge 5urnmer Muslc Ltd. for the wrposes of u)mpJny lawl Jre reWn￿ble for preparing the Trustees. Report ané the flnancial statements In accordance with applicats￿ law and United Kingdom Accounting standards (United Klngdorn Generally Accepted kcountsng Pracbce). Company law requires the trustees to prepare financlal statements for eath finan¢l)I year. Under company law the trtTrstees must not pprowe the financial statement unless ihey are satlsneo thjt they 9ive a true an¢1 latr view of the state of affalrs of the chantable £ompony and o'i tht n5Ag resourccs and iipphcatson of rE50U71 rs, ncludmg the inwmc and expenditb"¥E, O' tht thèe,?ble company lor that pertod. In prepa￿ftg the flnanclal ststernenls the trustees are reqvlred to: selert suitable 4cctyJntlng poSKle5 and then them fon4stentty; observe the methods Jnd pdndples In the Chartty SORP; make ludgrnents and accounitng e5tiwtes that are reaswable and wwdent: and prepare the financial 5taternent5 on the going mncem tsa￿ uTrle55 it is inapwopriate to presume that the company WIM tontinue In buslness. The trus￿e$ are responslble for keeplng adequate accounlin9 rttords whth dlsdose wlth reasonable accuracy at anytlme the rinanclal posltton of the cha￿table company and to enable them to ensure that ihe ￿Counts compty the Companie5 Act 2006. They are aly) respDn￿b1e for safeguarding the a55ets of the CL%npany and herKe for taklng reasonable steps the preventyon and detectlon of fraud and other irregular¥ties. The trustees are responslble for the maintenance aTrJ lrtegrity Ihe corporaie and finandal Inforrnat¢on induded on the charltable ompany s weD51te. Legislation In tne uniteii ￿n900M govwning tne prePrn￿ oThi O$5seminaiion oi Tinanchal statem￿t5 may differ from legI￿atIon in other jurisdictions. Sm•ll CompJny Rul•• This report has been prepared in accordance wrth the 5periol prDvf5ions relotkng to companies subjert to the small companles regime within P?rt IS of the Cornpanies Art 2006. The trust¢es' rep)rt wos approved by the bDard of trustees and slgned on Its behalf bv". Mr Henry Edm TrLtstee Date Pa9e 5

Cambridge Summer Music Ltd. Independent Examiner's Report to the Trustees of Cambridge Summer Music Ltd. For The Year Ended 31 December 2025 I report to the charity trustees on my examination of the a¢￿￿nts of the Company for the year enéed 31 De￿rnber 2025. Responslbllltles and Bas•s of Report A5 the charity trustees of the Company (and also its direttors ftsr the purposes of company lawl. you are res￿nsIble for the preparation of the accounts in accordance %Yith the requirernents of the Companles Att 2006 rthe 2006 Art?. Having satisfied myself that the accounts of the Company are not reqUI￿d to be audf(ed under Part 16 of the 2006 Act and are ellglble for independent examlnauon. I report in re5pert of my examinatioTh of your chadty"s accounts as carried out under settion 145 of the Charities Ad 2011 rthe 2011 Act?. In carrying out my examin3bon I have followed the Directions given by the Charity commi￿40n under secbon 14515) Ib) of the 2011 Art. Indepertdent Examiner's Statement I have completed my examinabon. E confirm that ￿ maiters have come to rny attention in connection Mth the exarninaOon giving me cause to believe.. l. accounting r￿ordS were not kept in respect of the Company as required by 5ÈLtion 386 of the 2006 Act- or 2. the attounrs do not accord with those records.. or 3. the accounts do not compty with the accounting requirements of seLtion 396 of the 2006 Att other than any requirement that the accounts give a 'true and fair vKeY4' whith 15 not a matter Conside￿ as part of an Independent examination: or 4. the Èccounts have not been prepared in a￿ordan￿ wlth the methods ènd prinopfes of the Ststement of Recommended Practyte for actounting and ￿porting by charities applitsble to charitie5 preparing their accounts in accordance wtth the Finanoal Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021- I have no concerns and have come auoss no other rnatter5 in conneci(on vlith the examination to whid) attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Lynn Mandari ACCA Oate The Union Building 51-59 Rose Lane Norwich NRI IBY Idlo jJ'046 Page 6

Cambridge Summer Music Ltd. Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
EXPENDITURE ON:
Raising funds
6
Charitable activities
6
NET EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
14		 Unrestricted
funds
£
40,895
67,053
1,053		 Restricted
funds
£
10,500
-
-		 2025
Total
funds
£
51,395
67,053
1,053		 2024
Total
funds
£
58,533
92,181
743
109,001 10,500 119,501 151,457
(6,007)
(103,351)		 -
(10,500)		 (6,007)
(113,851)		 (5,439)
(150,293)
(109,358) (10,500) (119,858) (155,732)
(357) - (357) (4,275)
(357)
54,624		 -
-		 (357)
54,624		 (4,275)
58,899
54,267 - 54,267 54,624

The notes on pages 10 to 15 form part of these financial statements.

Page 7

Cambridge Summer Music Ltd. Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
EXPENDITURE ON:
Raising funds
6
Charitable activities
6
NET EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
14		 Unrestricted
funds
£
34,533
92,181
743		 Restricted
funds
£
24,000
-
-		 2024
Total
funds
£
58,533
92,181
743
127,457 24,000 151,457
(5,439)
(126,293)		 -
(24,000)		 (5,439)
(150,293)
(131,732) (24,000) (155,732)
(4,275) - (4,275)
(4,275)
58,899		 -
-		 (4,275)
58,899
54,624 - 54,624

The notes on pages 10 to 15 form part of these financial statements.

Page 8

Gimbrldge Summer Muslc Ltd. Balance Sheet As At 31 December 2025 2025 2024 Tot•1 lund nd• fufflds funds CURREMT ASSETS Debtor5 12 482 71.393 482 739 Cash at bank and In hand 71,393 65.081 71.875 71.875 65.820 cr￿ltor•. Amounts F•lllng Du• Wlthln On• Yur IJ 117.6081 117,6081 111.1961 NET CURRENT ASSETS (UABILmes) 54,267 54,267 54,624 TOTAL AsseTS LESS CURREIIT UADILTTIES 54,267 54,267 54,624 54,267 54,267 54.624 PU14DS OF Tmf CMAAfTY Unrestrlcted Funds 54.267 54.624 TOTAL FUI40$ 14 54.267 54,624 For the year endlng 31 December 2025 Ihe tharltsble Com￿nY wa5 entytsed to exemptton from audlt urhjer sertlon 477 of the Companles Act 2006 relatlng to small companles. The members have not requlred the company to obtsln an aud￿ In accordance wth sedjon 476 of the Cornpanle5 Act 2006. The tru5ttts acknowledge their respon$lbilttles lor con¥>tylng wlth the rnjvlrements of the A£t wrth respect to accountlng records and the preparntlon of aeeounts. These accounts have t)een prepared In a(c￿￿nCe ¥Ylth the p￿￿$10n5 appUc•ble to companles subject to the small companles re9irne. On behalf of the board Mr H N Edmundson Trustee Date The notes on poges 10 to 15 form part of these finarKFal statemerts.

Cambridge Summer Music Ltd. Notes to the Financial Statements For The Year Ended 31 December 2025

1. General Information

Cambridge Summer Music Ltd. is a company limited by guarantee, incorporated in England & Wales, registered number 03475445 and registered charity number 1068417. The registered office is The Barn, Musgrave Farm, Horningsea Road, Fen Ditton, Cambridge, CB5 8SZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.4. Incoming Resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

2.5. Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Page 10

Cambridge Summer Music Ltd. Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

2.7. Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

3. Income from Donations and Legacies

Donations and gifts:
Sponsorships and donations
Friends and trusts
Donations and gifts:
Sponsorships and donations
Friends and trusts		 Unrestricted
funds
£
22,202
18,693		 Restricted
funds
£
10,500
-		 2025
Total
funds
£
32,702
18,693
40,895 10,500 51,395
Unrestricted
funds
£
17,015
17,518		 Restricted
funds
£
24,000
-		 2024
Total
funds
£
41,015
17,518
34,533 24,000 58,533

4. Income from Charitable Activities

Page 11

Cambridge Summer Music Ltd. Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Charitable activities:
Tickets and programmes
5.
Investment Income
Interest receivable
6.
Analysis of Expenditure
Raising funds
Charitable activities
Raising funds
Charitable activities
7.
Direct Costs
Fundraising activities:
Website
Advertising
Publicity and mailing
PRS, Insurance & Making Music
Cost of goods sold:
Artist fees
Venue hire		 Activities
undertaken
directly
(see note 7)
£
6,007
106,419		 2025
Unrestricted
funds
£
67,053		 2024
Unrestricted
funds
£
92,181
2024
Unrestricted
funds
£
743
2025
Total
£
6,007
113,851
119,858
2024
Total
£
5,439
150,293
155,732
2025
Total
£
370
2,116
1,239
2,282
44,578
7,417
...CONTINUED
2025
Unrestricted
funds
£
1,053
Support
costs
(see note 8)
£
-
7,432
112,426 7,432
Activities
undertaken
directly
(see note 7)
£
5,439
145,150		 Support
costs
(see note 8)
£
-
5,143
150,589 5,143
Raising
funds
£
370
2,116
1,239
2,282
-
-		 Charitable
activities
£
-
-
-
-
44,578
7,417

Page 12

Cambridge Summer Music Ltd. Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Concert staff
Programmes and brochure purchases
Platform charges
Fundraising activities:
Website
Advertising
Publicity and mailing
PRS, Insurance & Making Music
Cost of goods sold:
Artist fees
Venue hire
Concert staff
Commission on tickets
Programmes and brochure purchases
8.
Support Costs
General administration:
Administration costs
Governance costs:
Independent examiner's fees
Bookkeeping
General administration:
Administration costs
Governance costs:
Independent examiner's fees
Bookkeeping		 -
-
-		 40,220
8,204
6,000		 40,220
8,204
6,000
6,007 106,419 112,426
Raising
funds
£
60
544
1,200
3,635
-
-
-
-
-		 Charitable
activities
£
-
-
-
-
74,902
14,580
45,427
1,095
9,146		 2024
Total
£
60
544
1,200
3,635
74,902
14,580
45,427
1,095
9,146
5,439 145,150 150,589
2025
Charitable
activities
£
2,299
2,655
2,478
7,432
2024
Charitable
activities
£
757
1,956
2,430
5,143

Page 13

Cambridge Summer Music Ltd. Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

9. Independent Examiner's Remuneration

.
Independent Examiner's Remuneration
2025 2024
£ £
Independent examination of the financial statements 2,655 1,956

10. Average Number of Employees

Average number of employees during the year was: 1 (2024: 1)

11. Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

  1. Debtors
2.
Debtors
Due within one year
Prepayments and accrued income
3.
Creditors: Amounts Falling Due Within One Year
Trade creditors
VAT
Accruals		 2025
£
482
2025
£
9,783
1,777
6,048
17,608		 2024
£
739
2024
£
7,330
748
3,118
11,196
  1. Creditors: Amounts Falling Due Within One Year

14. Movement in Funds

Unrestricted funds
General:
General unrestricted fund
Restricted funds
Chris Wood - Festive Finale
Shirley Ellis - Nash Ensemble
Julia Boyd - 11th July McKinney recital
Total restricted funds
Total funds		 As at 1
January
2025
£
54,624
-
-
-		 Income
£
109,001
5,000
5,000
500		 Expenditure
£
(109,358)
(5,000)
(5,000)
(500)		 As at 31
December
2025
£
54,267
-
-
-
- 10,500 (10,500) -
54,624 119,501 (119,858) 54,267

Page 14

Cambridge Summer Music Ltd. Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Unrestricted funds
General:
General unrestricted fund
Restricted funds
Chris Wood - Festive Finale
Shirley Ellis - Lang Lang
Shirley Ellis - Festive Finale
Shirley Ellis - Bachs St Johns Passion
J Ridley - Bachs St Johns Passion
Total restricted funds
Total funds		 As at 1
January
2024
£
58,899
-
-
-
-
-		 Income
£
127,457
20,000
1,000
1,000
1,000
1,000		 Expenditure
£
(131,732)
(20,000)
(1,000)
(1,000)
(1,000)
(1,000)		 As at 31
December
2024
£
54,624
-
-
-
-
-
- 24,000 (24,000) -
58,899 151,457 (155,732) 54,624

15. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

16. Related Party Disclosures

During the year ended 31 December 2025, the charity received donations of £2,500 (2024: £2,500) from 1 (2024: 1) Trustee.

17. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.

Page 15

Cambridge Summer Music Ltd. Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2025

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Sponsorships and donations
Friends and trusts
Charitable Activities:
Charitable activities
Tickets and programmes
Investments
Interest receivable
EXPENDITURE ON:
Raising funds
Website
Advertising
Publicity and mailing
PRS, Insurance & Making Music
Charitable Activities:
Charitable activities
Artist fees
Venue hire
Concert staff
Commission on tickets
Programmes and brochure purchases
Platform charges
Administration costs
Independent examiner's fees
Bookkeeping
NET EXPENDITURE		 2025
Total
funds
£
32,702
18,693		 2024
Total
funds
£
41,015
17,518
51,395
67,053		 58,533
92,181
67,053
1,053		 92,181
743
1,053 743
119,501
(370)
(2,116)
(1,239)
(2,282)		 151,457
(60)
(544)
(1,200)
(3,635)
(6,007)
(44,578)
(7,417)
(40,220)
-
(8,204)
(6,000)
(2,299)
(2,655)
(2,478)		 (5,439)
(74,902)
(14,580)
(45,427)
(1,095)
(9,146)
-
(757)
(1,956)
(2,430)
(113,851) (150,293)
(119,858) (155,732)
(357) (4,275)

Page 16