OXFORD CHAMBER MUSIC SOCIErY REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 CHARITY REGISTRATION NUMBER 1084539 OXFORD CHAMBER MUSIC SOCIErY INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Pages 34 Trustees, Annual Report Statement of Financial Activities Balance Sheet Notes to the Accounts Independent Examinerfs Report 10 21Page OXFORD CHAMBER MUSIC SOCIErY TRUSTEES. ANNUAL REPORT FOR ThE YEAR ENDED 31 JULY 2022 The Trustee5 have pleasure in presenting their annual report and the unaudited financial statements for the yearended 31 July 2022. l. Adrnlnlstratlve Infornwtion Charity Number: 1084539 Trustees: John Dunston (Chairman) Jeremy Goulding (Honorary Secretsryl Caroline Simmonds (Honorary Treasurer) Jennrfer Hay Malcolm Pearce Jane Terepin 2. Structure. Governance and Management Oxford Chamber Music Society is an unincorporated association which is governed by its Constitution as approved at the AGM on 10 Ottober 2(KKI and amended at the AGM on 16 Ottober 21X)I. Management of the Society is in the hands of a Committee consisting of a Chaiman. an Honorary Secretary, an Honorary Treasurer and not fewer than four or more than eight other members. They are elected by and out ofthe Sociews members atthe Annual General Meeting. New trustees attend a brlefing wtth the Chairman and other offKers. Oxford Chamber Music Society is a member of the Making Music organlsation whlth provides infomiation and advice to amateur music groups. Infomiation updates are a150 recelved from the Charlty Commission. which help trustees keep abreast of dlanges in re8ulation5. 31Page 3. Obie¢tNes and Activitles The objects of the Society are to promote. improve. develop and maintain public education in and appreciation of the art and science of chamber music in all its aspects by the presentation of public professional concerts. The trustees confirm that they have complied with the duty in Section 1715) of the 2011 Charities Art to have due regard to public benefit guidance published by the Charity Commission. 4. Achievements and Performance The Society continues to promote a broad range of chamber music providing education and enjoyment to members and to the general public. Following the cancellation of the 2021>2021 season due to the Covid pandemic. the society was able to return to a full season of con￿rts in 2021-2022, albeit with limited audien numbers at the start of the season. FINANCIAL REVIEW Financlal Position Despite the effects of the Coronavirus pandemlc, the financial position at the end of the period is satisfactory and the Society has sufficient funds to finan￿ futu￿ activities. ReseNes Policy The Socievs policy is to hold reserves at at least a sufficient level to meet the costs of cancelling one con￿rt. Reser¥e5 held at 31 July 2022 amounted to £10,25312021 £10.907). The trustees declare that they have approved the trustee< report above. Signed on behalf of the charitys trustees Signatures Full Names: JOHN HERBERT DUNsfoN CAROUNE REBECCA SIMMONDS Posltlon ChalM￿Tr TreaSu￿r Date L Y If / ¥ 41Page CHARITY COMMISSION FOR ENGLAND ANO WALES Oxbtd Chamber ￿luSi￿ Society Charlh, No 1W539 Annual ￿CoUnts for the 0110rn21 To eriod Periodstartd8 end da 31107r4022 Section A Statement of financial activities Re¢omm*nded ￿￿g￿l*S lry 4cUvlty Re*rfcted Lknre*i¢W an￿￿e Endawrnent nd5 fund$ prtoryoar nd5 Total ￿ndS In¢omll resourc•s (Nots 3} F01 F02 F03 •¢ F04 F05 10.044 15,351 10.044 15.351 Totsl Re50urees expend•d (Nots 4) 25.395 9furth 1.441 S10 S11 Total S12 26,C49 1,441 Net inc0Th￿1{eXpendIlUM} b•forty inv•stn*nt g•lnslllosse51 813 S14 N•t inconwllexpenditure) Extraordinary itèrr Transfers b•t*pen fun(k Other recognisgd gains110￿$). Sl5 654 816 S17 S ￿ ts595 C*) LI S18 519 Netmovwnentln fvnds 654 T0Lglfutth Wtfarward S21 lo,￿7 10.253 Tolal tsnds cankrfforw• lo.￿$7 10,253 12,347 lo,￿7 SIPage Section B Balance sheet Unrn*rt¢*d I￿arne Totsl Ihl• Toial lait nds yoar yoar F01 F172 Current assets Debtofs (N￿t Sl Cash at bank and In hand {NotÈ 61 Total eurTgntass•ts 810 F03 F04 14,975 14,975 14,975 14,975 12,091 Credltorn: aTr￿unts falling du• ¥Athln one JEar (Note n 811 4,723 1.242 10,253 10253 lo,￿17 10.253 10.2S3 lo,￿)7 Bl8 10.253 Funds of the Charlty Unrestrlcted fund• 10.253 lo.￿7 B15 10,253 102S3 10,253 10.2 Total funds p21 lo,￿7 10.907 SW ty LTh tn*t*5 Cfi tthfof l Intstees Date of atvo thJmmiyy Prnt Name C Sinrnc￿d$ OXFORD CHAMBER MUSIC soaErY NOTES TO THE Accoumrs FOR THE YEAR ENDED 31 JULY 2022 l. Basis of preparatlon These accounts have been prePa￿d under the historical cost convention wtth items recognised at cost or transartion value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recomrnended Prattl￿. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16July 2014 and with the Charities Art 2011. The Society constltutes a public benefft entity as deftned by FRS 102. 2. A¢countkng polkles Recognition of income Income is included in the Statement of Financial Attrvities ISoFA} when: the charity becomes entitled to the resour￿. it is more likely than not that the tn￿tee5 will receive the resou￿$. and the monetary value can be measured wtth sufficient reliability. Gift Aid receivable 15 included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that grft and is treated as an addition to the same fund as the initial donation unle55 the donor or the terms of the appeal have specified otherwise. The value of any voluntary help received is not induded in the accounts but is described in the trustee< annual reporL Membership subscriptions which give a member the right to services or other benefits are reco8nised as income from charitsble attivities. Expenditure and Llabllltles Liabilities are recognised where rt is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. 71Page OXFORD CHAMBER MUSIC SOCIETY NOTES TO THE AccouNfs Icontlnued) FOR THE YEAR ENDED 31 JULY 2022 Assets Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or arnount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 3. Anatysis of Income Nolfr 3 Analysls of inc4Jme tfimth Tai*llwKlb y••r and Gereral rants l*r51yJ subscW"LTh 5portsorsFMF6 whrh are n sthtarre donati￿8 Dona 3.720 10.044 10,044 Chafitabl• 5.5n 5,5r2 Otter 15.351 15.351 rest income inc(xne Rental and ￿a￿l ImTe8tm•nts: Tor￿ INCOME 25 395 4. Analysls of Expenditure Expondltuwe on C￿ts olcor charltabl• 11.767 2Q767 4.784 254 ImiThstra S)7 activi￿5 81Page OXFORD CIIAMBER MUSIC soaETY NOTES TO THE ACCOUNTS Icontinued) FOR THE YEAR ENDED 31 JULY 2022 5. Debtors and Prepayments Thh star La¥t ￿ar Prepasm*nts and accn*d Ine•ar th￿￿nts falling duo aftèr rN)r¢ than one yaar This￿ar La8t J*ar kcruals and deferrnd Inco 91Pa8e INDEPENDENT EXAMINEYS REPORT TO THE TrUSTEES OF OXFORD CHAMBER MUSIC soaETY I report on the accounts of Oxford Chamber Muslc 5oclety forthe year ended 31 July 2022 as set out on pages 5 to 9. Respectl¥e re4K+ll5ibllltles of trustees and examiner The charty's trustees are responsible for the preparation of the accounts. The charitvs trustees consider that an audit is not required for this year under settion 144 of the Charities Act 20111.the Charities A￿} and that an independent examination ts needed. It is my ￿SpOnsIbl11ty to: examine the accounts under section 145 of the Charitie5 Act. to follow the procedures laid down in the general Directions gtven by the Charlty Commission (under section 14515llbl of the Charitres Act, and to state whether particular matters have come to my attention. Basts of Independent examlnerfs Statemert My examination was carrRd out in accordance with general DFrerth)ns ¥r¥en by the Charity Commission. Aft eXaMinat￿n includes a review of the accounti￿ records kept by the charlty and a Compafison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure5 in the accounts, and seeking explanatlons from the trustee5 concernin8 any such matters. The procedures undertaken do not provide all the evidencethat would be required in an audit. and Consequent￿ no oplnion isgfvèn asto whether the accounts present a 'true and fairf view and the report is limited to those matter5 set out in the statement bel¢M. Independert examin&s ststemerrt In connertlon wf(h my examination. no matter has come to my attentbn l. which gives me ￿aSonable cause to believe that in. any material respert. the requirements: to keep actountin8 records in accordance wÈth sectM)n 130 of the Charities Act,. and to prepare accounts which accord with the accounting record5 and complywith thè zccounting requirements of the Charitks Art have not been met,. or 2. to which, in my opinion, attention shguld be drdwn in order to enable a proper understandlng of the accounts to be reached. Signed Nart 101 Page