CONSERVATOIRES UK (a company limited by guarantee without share capital) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2023- 31 JULY 2024 Company Number= 5005423 Registered Charity Number: 1108731 (registered 24 March 2005) Company Registered: 5 January 2004 in England and Wales Registered Office: Woburn House 20 Tavistock Square London WC1H 9HQ Directors: Professor Anthony Bowne Professor Jonathan Freeman-Attwood CBE Josette Bushell-mingo OBE Professor Helena Gaunt Professor Joe Wilson Professor Colin Lawson CBE Professor Linda Merrick CBE Stephen Maddock OBE Professor Mark O'Thomas Professor Jefftey Sharkey Professor Jonathan Vaughan Chair: Professor Linda Merrick CBE Secretary: Nadine Patel Bankers: Lloyds TSB 31-32 Park Row Leeds LS15JD Solicitors= Wrigleys Solicitors 19 Cookridge Street Leeds LS2 3AG CONSERVATOIRES UK (a company limited by guarantee without share capital) REPORT OF THE DIRECTORS for the perlod ended 31 JULY 2024 Directors, Report The directors present their annual report and the financial ststements covering the period from 1 August 2023 to 31 July 2024. Constitution Conservatoires UK {CUK) was establlshed as a company limited by guarantee on 5 January 2004 and was registered as a charity on 24 March 2005. The subscribing members are: Guildhall School of Music & Drama London Academy of Music & Dramatic Art Leeds Conservatoire Royal Academy of Music Royal Birmingham City University on behalf of the Binningham Conservatoire Royal Central School of Speech and Drama Royal College of Music Royal Conservatoire of Scotland Royal Northern College of Music Royal Welsh College of Music & Drama Trinity Laban Conservatoire of Music and Dance Objects The objects of the CUK are: To advance and assist in the advancement of higher or further education in the United Kingdom in the fields of music and performing arts (in so far as such advancement and assistance shall be of an exclusively charitable nature) and in particular, but without prejudice to the foregoing, by providing and maintaining an organisation to facilitate applications for admission to such higher or further education establishments and to assist applicants in gaining access to such education establishments. Directors and Trustees The Directors a￿ ex officio the PrincipalslDiredors of the member organisalions; the holders of these positions throughout the period are listed below: Guildhall School of Music & Drama London Academy of Music & Dramatic Art Leeds Conservatoire Royal Acaderny of Music Royal Birmingham Conservatoire Royal Central School of Speech and Drama Royal College of Music Royal Conservatoire of Scotland Royal Northern College of Music Prof. Jonathan Vaughan Prof. Mark OThomas Prof. Joe Wilson Prof. Jonathan Freeman-Attwood Stephen Maddock Josette Bushell-mingo Prof. Colin Lawson Prof. Jeffrey Sharkey Prof. Linda Merrick CONSERVATOIRES UK (a company limited by guarantee without share capital) Royal Welsh College of Music & Drama Trinity Laban Conservatoire of Music and Dance Prof. Helena Gaunt Prof. Anthony Bowne Principal Activities and Review The activities of CUK during this accounting period continued to be catalysed and expedited through a Service Level Agreement with Universities UK for the ServI￿S of a Policy Researcher for two days per week, employed through Universities UK and based at Woburn House, Tavistock Square, London. WC1 H 9HQ. Activities included: A new CUK Strategic Plan vffis developed . This strateglG plan sets out the aims and objecb'ves of CUK for the period 2024-2029 Following th8 success of the piloted CUK Leadership programme repeated the initiative in 2023-24 for a new cohort of staff. The operation of a number of ford covering a range of academic, professional and pedagogical matters relevant to the objeGts of CUK and its member organisations. Activities of the CUK Student Network (CUKSN) continued to be facilitsted by a part-time chairlcoordinalor funded by CUK. The Network remains a valuable resource for SU presidents as a sourc8 of good practice across conservatoire student unions. The CUK Chair has increased the membership's lobbying and advocacy work in the lead up to a general election. They have held meetings and written to various key stakeholders to highlight the current challenges and issues facing conservatoires, this includes members of opposition parties, the Department for Education, Research England and the Ofs CUK continued its joint subscription to Researchconnect, a specialist research funding database which supports organisations to identify, communicate and share funding opportunities. Alignment with the Specialist Institutions, Forum of UUK has continued to bring cohesion in policy and access to data gathering and analysis in areas such higher education funding and regulation. Relationship building with the new UUK CEO and UUK President includes attendance of a SIF hosted event and the CEO'S attendance of a CUK Board meeting. Results CUK had a surplus of £85 for the year which increases the general reserves. Reserves Policy It is the policy of the Trustees to maintain reserves at a level which is at least equivalent to a 3- month operating period. These restricted funds will be set aside for: SLA with UUK (£4,416) CUK Student Network (£937) CONSERVATOIRES UK (a company limited by g uarantee without share capital) Financial Auditor (£1,000) Total of £5,353 The reserves set aside provide financial stability and the means for the development of our principal activity. All other reserves can only be used by consensus of the CUK Membership and approved by the Board. The Board will annually review the amount of reserves that are required to ensure that they are adequate to f ulfil our continuing obligations. Risk management The Directors and Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. ststement of Directors, Responsibilities Law applicable to incorporated charities in England and Wales requires the directors of the company, to prepare accounts for each financial year which give 2 true and fair view of the state of affairs of the charity at the end of the period and of its financial activities during the period then ended. In preparing those accounts, the directors are required to: select suitable accounting policies and the apply them consistently. make judgments and ests'mates that are reasonable and prudent. prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Companies Act 1985. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. By order of the Directors and Trustees Nadine Patel Company Secretary CONSERVATOIRES UK (a company limited by guarantee viithout share capital) Independent examinerfs report to the trustees of Conservatoires UK I report on the accounts of the Trust for the year ended 31 July 2024. which are set out on pages 6 to 8. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for thè preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.Basis of independent examiner's report. Independent examinerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records" or 3. the accounts do not comply with the applicable requirements con￿rning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Miss Julie Hardy (FCCA) Fellow of Association of Chartered Certified Accountants 13 Wyndale Drive Failsworth Mannhester M35 OPY 0310312025 CQNSERVATQIFIES UK (a company limited by guarantee without share capital) STATEMEKf QF FINANCIAL ACTIVITIES (includlng IDFome and EX￿n￿lture Account) For the perlod 1 August 2023 to 314uly 2Q24 31￿u1-24 31-Jul-23 Incomin Resources Member Subscriptlons Research Connect Leadership Programme 80,071 16,092 11,412 76,257 15,240 107 575 Resources Ex ended Events and Marketing Consultancy Research Connect Leadership Programme CUKSN Administration Miscellaneous 2,441 57,9PO 19,062 18,965 5.329 3,657 136 290 55,140 17,640 4,426 3,701 65 107,490 81,262 Net (outgoing)lincoming resources for the period at 31 July 85 10,235 The company has no recognised gains or losses other than the net incoming resources for the period. All of the company's activities are classed as continuing. CONSERVATOIRES UK (a cornpany limited by guarantee without share Gapilall BALANCE SHEET as at 31 July 2024 31-Jul-24 31-Jul-23 CURRENT ASSETS Debtors Accrued Income Cash at Bank and in Hand 46,568 16,092 136,346 16.665 15.240 140.788 199 006 172 693 CREDITORS - amounts falling due within one year Creditors 107,490 81.262 107,490 81,262 NET CURRENT ASSETS FUNDED BY Unrestricted General Fund 91,516 91,431 These accounts were approved by the board of directors on 2610312025 and were signed on its behalf by.. Professor Linda Merrick Chair Professor Anthony Bowne Director FINANCIAL STATEMENTS For the period ended 31 July 2024 CONSERVATOIRES UK (a company limited by guarantee wrthout share capital) FINANCIAL STATEMENTS For the period ended 31 July 2024 Notes to the Financial Statements Accounting Policies The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's accounts. a) Basis of Preparation The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 1985 and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice issued in October 2000 and revised 2005. b) Income and Expenditure Income and expenditure are recognised on an accruals basis. G) Cashflow Statement The company Is exempt from the requlrement of Financlal Reportlng Standard No 1 to prepare a cashflow statement on the grounds of its size. Staff Costs and Board of Directors The Directors of the Board do not receive any remuneration for their services and no members of staff are employed directly by the Company. The position of Policy Researcher was employed through a Service Level Agreement with Universities UK on a two-day per week basis throughout the period, based at Woburn House, Tavistock Square, London, WC1H 9HQ.