The North York Moors Chamber Music Festival Trust (A company limited by guarante¢) Trnstees. report and finaneial statements for the year ended 31 March 2023 Charity number: 1129262 Company Dumber. 06878005 (England & Wales) NIIIMIIIII •ACFTFC8C 07111r2ty23 CCIPANIES HOUSE
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The North York Moors Chamber Mu$1¢ Festival Trust (A company limited by guarantee) Contenls Page Legal and administrativ¢ infornjation Tn151¢¢5' report Independent examine5 rert Siat¢rnenl of fthancial aciivities Balance sheei Notrs to the financial stat¢rn¢nts 9-14
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Legal and dministrative infonnation Charity nymber 1129262 Compally registr4tion number 06878005 (England & Wales) Business address The Granary Appletyj le Moor5 York Y062 6TF Registered orrice The Granary Appleton 1¢ Moors York Y062 6TF Trustees J Walwn J Brookfield J Dingle K Lane A Ma50n C M&son Dr C Kirk (retired 22 0¢ber 2022) {appointed 25 January 2023) Se¢relry J Brookfield Independ¢nt ¢Jaminer Cross ACA The Bayker Pattaership Chanered Accountsnts & Statutory Audilofs 17 Central Buildings Markd Pla¢¢ Thirsk North Yorkshire Y07 IHD B4nkers Barclays Bank plc 1-3 Parliament Stre York North Yorkshire YOI 8SE
The North York Moors Chamber Music Fe51ival Tru51 (A company limlted by guarantee) Report of the trustees (incorporating the direetors, report) for the year ended 31 March 2023 Th¢ trustees preseni their report and th¢ fin8rt¢i#l ststem¢nts for the year end¢d 31 M¥rth 2023. The trustees, who are also direciors of The North YoTk Moors Chamber Music Festival Tnjm for the purposes of company law wjd who served during the year and up to the dale of this report are set oui on page l. Structure? governance aDd management Governing documenl The North York Moors Chamber Music Festival Tnt is a compaTry limited by guarantre and a registered charity gov¢rn¢d by its memorandum and article5 of &5sociation. Charity numb¢r 1129262 and Company nwnber 06878005. The company was incotporaied on 15 April 21 and regiaered with the Charities Commission on 22 April 2¢9. Appolntmeni of iruJte The directors of the charitable company llhe charity) are its trustees for the purpose of charity law and through(Tru¢ ihis reEx)rt are ¢olkntiv¢ly referred io as the $te&s. The articles of asso¢iation provide that trustres may be appoin*d ty ordinary resoluiion in general meetin& Obj¢Ytives and acttvitit3 The objectives of the charity are to promote, improve. develop and maintsin public education in an appreciation of th¢ art and science of music in all aspects by the presenlalion of public concerts and rccitals and by such of the ways as the members shall detrrniine from tirne lo time. The tharity h&$ a polLCy to undertake its activity within historical building5 within the North York Moorg in particular historic place5 Of worship. The actively seeks to support the upkeep of these buildings through the promotion, visibility and fanCial Supp that can be gained from artistic activity. When reviewing the charity's obj¢aives and activities and fijture plans the trustee5 have referred to th¢ guidance Contain in the Charity Commission's general guidance on public benefit. Achievements and performattee The Summer Festival went ahead with a good deal more 5rability aNJ certainty ¢ompar¢d io the previous two years due to the potential risk of Covid restriciions. This allowed a Festival with a greater variation of perfomiance including expansion into a folk direction for one concert. The theme was 'Soundscapes' which consisted of 15 conceTts across an expartded week%. The them¢ took its inspiration from nature, the seasons, and Ihe elernents - all expressed through music. After nearly three years of the Covid contrxi, there wa5 a strong anisti¢ desire to touch base with the environment arouttd and above us. Th¢ music chosen was either directly or indirealy inspired by the forces of the natural world, at times thematically. or perhaps io portray a particular Lsptct of natt¢ itself. This year we were able to re-acce5s some of our churches but the main bulk of activity took place in the specially hired rnarque¢ in Welburn Manor. Other Concerts werc held in Coxwold, Danby and Egton Bridge which allowed us 3 wider distribution aGross th¢ North York M¢x)rs than the previous Dvo years. Whilsi the use of th¢ marque¢ is a great expense. the Trustees weTe clear that it was the least risk in tem of potential restriciions. Audience feedback undertaken after the Soundscapes Festival showed a strong de5Lre to wnlinue with the mngernenl if the funding could be secured. The TTU51ees were delighied tha( there was a strong response from audience members with the 2023 costs raised within a couple of months. The Trtte$ are inunen5ely grateful for this support.
The North York Moors Ch2mb¢r Music Festival Trust {A company limited by guarantee) Report of the trustees (incorporatiDg Ibe directors, report) for the year ended 31 March 2023 Concert attendances at the Summer Fesiival were consistently Str(Ig and on¢¢ agoin there was on organis¢d holiday tour (through a trav¢] agency spe¢iolising in classical music iours) which reSuld in a large number of attendees in the second week. Ticket income remained very healthy and incre&%ed sufficientty to help defray ¢xtra expenditure. The Trustees continue to ensure public benefit by allowing affordable access lo world class music in local seuings. Following a rinancial r¢view of costs and fiwther benchrnarking in 2021 the Trustee5 did incr£e licket prices for 2022 but are satisfied the cos¢ remains considernbly cheaper than (Hher professional chaJnber music concens or festivals within northern England. Onc¢ win efforts were also made markei and encourage younger people 10 attend. this included discounted and free tickets. With the diminishing impact of the Covid pandemic. it was much easier to source venues for concerts outsid¢ of the summer festival period. A Launch Concen was held in Kirkbymoorside in December 2022 which was sold out. a Winter Concert was held in Si Hilda's Westcliff in l¥Tritby in March 2023. These allow the Fesiival to rethrn to its aim of having a year round presence across differeni areas of the North Yotk Moors. The Trustees were able to Secu sufficient grants and donations ro ensure the 2022-23 period largely broke even in temis of incorne and expenditure. The Trumees remain satisfied that ihe Fesiival is operaiing in a financially stable manner. The Trustees met twice during the year 10 review governance and financial requirements and make decisions regarding charitsble activity. We w¢r¢ delighted to welcome Dr Christine Kirk as a TTustre during the y¢8r as a replaccment for Mrs Jane Dingle stepped down aftcr 8 ycar5 of Service. As always, we are grateful for all those who help and support the feival behind the scen¢5 throughout the year. Fillanci21 revieiv The charity relies on donation5 and grants as the main sources of income. Efforts to secure new funding sources have continued since the year end. Incoming r¢sources for the year were £84,886. Resouw expended during the yw w¢re £81,932 resulting in an overall net increase in funds of £2.954. The amowits of reserves held at the end of the year were £127.940. £51.377 of which is wirestricted and £76.563 of vthich is restricted. Reserves The trustees hav¢ established a policy whereby a mÉnimum of 5VA of income SI]d be held in reseThes ar all times to cover any wiforeseen expendinwe.
The North York Moors Cbamber Music Festival Trust (A compaDy limited by guarantee) Report of th¢ tn15tees (IDcorporating the directors. report) for the year ended 31 March 2023 Sta¢ement of tru$t¢eJ' r¢spoLsibilities The truste¢5 {who are also direciors of The North York Moors Chamber Mllsic Fes(ival Trnsi for the PUTpose of ¢ornpany law) are responsible for Preparin8 the TrsteeS, Annual Report and tht financial stst¢ments in accordance with applicable law and Unit¢d Kingdom Generally Accepted Accounting Practice. Company law require5 the twstees to prepare fmancial statrments for each finartcial year which gTYe a true artd fair view of the 5tste of affairs of the charitsble company and of tht inc¢)rning resource5 and application of re50urc¢s, including the income and expenditure, of th¢ ¢lwithbl¢ company for that year. In preparing these financial statrments. the trustees are required to- select suitsble ac¢crtmting polici¢5 and then appty thern consistrntty" obs¢rv¢ the methods and principl&s in the Charities SORP. tnak¢ judg¢m¢nts and estimatrs that are rewJnabl¢ and prud¢nt" State whether applicable UK A¢¢ounting Stsndards have been followed. subject to any material depamire5 disclosed and ¢xplain¢d in the fancial staiements" and prepare the fJnan¢ial 51atements on the going concern basis unless il is xnapprowiaie io presume that the charithble company will continue in 0pernil. The ttwtees are resp)nsible for k¢¢ping proper accounting records which disclose with reasonable accuracy at any time the fmancial p05ition of the charitsble company and which Enable them to ensurc tha( the fmancial statemen(s comply with the Companies Act 2(KJ6. They are also re5poll5Lble for safeguarding the assers of the charitsble company and hence for tsking re&%onable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared In acctyd¥n¢e with th¢ provisions applicable to companies entitled to the Small ¢ompanies exemption. On behalf of thE J Brookfield Se¢retary 16 October 2023
The North York Moors Chgmb¢r Music Festival Trust (A tompany limited by guaranlee) Ind¢p¢nd¢nt examiner's report to the trnste¢s on the Unaudit financial stalements of The North York Moors Chamber Music Festival Trust. I report to the charity trSte¢S on my ¢xamin*ion of th¢ aOunts of th¢ company for the year ended 31 March 2023 which are set out on pages 6 to 14. Responsibilities and basis of report As the charLS trustees of thc cornpany {and also its direciors for the purposes of company law) you are r¢spon5ibl¢ for the prepaTation of th¢ a¢wunts in accordance with the requiretnenLS of the Companies Act 2006 ('the 2006 Act,). Having sali5fied myself thai the accounis of the company are not required to be audited wider Part 16 of the 2006 Act and are eligible for indepcndent examination. I reporr in respect of my examinaiion of your Charitys accowits as ¢prried Out under se¢tion 145 of the Charities Act 2011 (the '2011 Ac¢). In carying out my examination I have followed tht DirtiOnS given by the CFwity Comrnission er se10 145(5)(b) of the 2011 ACL IDdepelldent eLqmitt¢r's report I have completed my examination. I wJ)finn that no matter5 have corne th my auention in connection with th¢ examination giving me cause to believe." (l) accounting record5 were no¢ kept in respect of the company as required by seciion 356 of the 2006 Aci. or (2) the accounts do not accord with thos¢ attounting re¢d$. or (3)the accowits do not comply with thE aCMM)Ilg requir¢m¢nts of 5¢rti 396 of the 2006 Act other than any requirement that th¢ a¢¢ounts give a Irue and fairf view which is not a maner clynsidered as part of an independent examinati(Trn', or (4)the accounts have not be¢n prepared in accordance with the method5 and principle5 of the Statement of Recommended practice for accouniing and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)]. I have no concern$ and have come across no crther matters in conneciion with the examsnation io which attention should b¢ thwn in thi5 report in order to enable a proper under5taTKling of the accounts to be rtached. B Cross ACA The Barker Parthership Chartued Accouniants & Ststutory Audiiors 17 Central Buildings Market Place Thirsk North Yorkshire Y07 IHD 16 October 2023
The North York Moors Chamber Music Feslival Trust (A eompany limited by guaranlee) Statement of financial activlties (incorporating the income aDd ¢xpeDditure account) For the year end¢d 31 March 2023 UDrestrieted Restricted funds funds 2023 Total 2022 Total N¢5 llleome and endowmtnts frorn: Donations and legacies Charitable activities Other 25.692 29,167 9,027 21.000 46,692 29.167 9.027 34,702 30.096 5.147 Ttstal 63.886 21,000 84,886 69.945 Expenditure on: Refreshments Musicians, ftts Production expenses Siaff costs Venue hire Advertising and rnaTketing AccoTtunodati Motor and trw¢l Accountancy fe¢s CommunicatiOfLS and IT Oth¢r oific¢ expenses Depreciation and unpainnent Sundry ¢xpen5e5 6,615 22.200 7.293 2232 ,570 4,557 6,615 32,200 7,293 2.232 8.570 6.057 2.900 9,429 1,339 ,827 7,544 36,300 13,671 1,935 7,730 6,045 2,595 9,408 1.224 1.498 393 3.373 35 10.000 1.500 9,429 1.339 1,827 191 894 45 2,340 3234 45 ToLg1 68.092 13.840 81.932 91,751 Net iDeomelexpendi¢ure (4.206) 7,160 2,954 (21,806) Total funds brought fonvard 55.583 69,403 124.986 146,792 Total fvnds carried forward 51,377 76,563 127,940 124.986 Th¢ statement of fmancial activities includes all gains and losses in the year and therefor¢ a s¢parJte statrmeni of total rognISed gains and I0eS has not been prepared. All of th¢ aiKTrve amounts relate to conlinuing adiviti¢5. The note5 on pages 9 10 14 fonn an integral p of thc5e fmancial stat¢metts.
The North York Moors Cbamber Musit Festival Trust (A company limited by guarant¢¢) B4laDC¢ sheet as at 31 Mareh 2023 2023 2022 Not¢5 Fixed assets Tangible ets 71.603 74,458 Current Assets Debtors Cash at bank and in hand 10.960 46.685 21.531 30.209 57.645 51.740 Creditors: amounts falling due wiihin one ye¥r 10 (1,308) (1212) Net curreDt assets 56.337 50,528 Net assets 127,940 124,986 Funds Restricted income Ojnds Unrestri£t¢d income funds 76.563 51,377 69,403 55,583 Tolal Thd5 127.940 124,986 The Balance Sheec cimiinues on th¢ followin8 page. The note5 on pages 9 10 14 fomi an Inteal pan of th¢5e financial 5t8i¢ments.
Tbe North York Moors Chamber Music Festival Trust (A Company limited by guarantee) Ba12nce sheet (contlnued) Trustees statements required by the CompaDi¢S Act 21M16 for the year ended 31 M2r¢h 2023 For the y¢ar ended 31 March 2023 thè company was enutled io exempiion from audit under section 477 of th'e Companies Act 2006 relating io small COTnpanies. Directors, responsibilities= . The members have not required the company to oa]n an audit of its accourtts for the year in question in accordance with section 476" and • Th¢ directors acknowledge their re5pon5ibiliti¢s for complying with the requirements of th¢ Compani¢5 2006 with respeci io accounling r¢cord5 and the preparation of accounts. These financial staiemertts hav¢ b¢¢n prepared in accordance with the provisions applicable to companie5 subj¢d to the small companies, regirne and in accordance with FRS 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland,. The fit]an¢iJl St8Ments were approved by the board on 16 Ortober 2023 ad signed on its behalf by J Walton Director The notes on pages 9 to 14 form an integral part of these financial statements.
The North York Moors Chamber Music Festival Trust (A eompany limited by guarantee) Notes to fiDancial stat¢meDts for the year ended 31 March 2023 Accounting policies The principal accounting p)licies are sumrnaris¢d below. The accounting poli¢i¢s have bten applied consistently throughout the year alld the prxeding year. A.1. Basis of aecoutttiDg The charity constitutes a public bertefit entity a5 defmed by FRS102. The financial ststements are prepared under the historical cosi convention, excepr for the revaluation of certain fixed assets, and in accord¥nce with Accounttng and Reporting by CharÈties'. Statement of R¢wmrn¢nd¢d Practice applicable io charilies preparing their accounls in accordance with the FinaJ]cial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) and the Cornpanies Act 2(K)6 and the Charities Act 2011. The financial 5taments are prepared in sterlin& whhch is the fijnctional currency of the entity. 1.2. Cashflow The charity has taken advantsge of the exemption in FRSI 02 for the requirement to produce a ca5hflow statemenl beUSe it is a small ctwity. 1.3. Ineomillg resources All incorning resources are included in the stsiement of financial aciiviiies when the charity is entitled to the income and the amount can be quantified with reLwnable accurdcy. The following specific policies are applied to particular cal¢gorie5 of income: Voluntary income is received by way of grdnts, donatt(ms and gifts and is included in fvll irt the ststement of fmancial activities when re¢eivabl¢. Grants where entiilement is noi condttional on the delivery of a specific perfor[nr¢ by the charity. are recognised when the chariry becomes uncondiiionally entitied to the aDL Donated services and facilitie5 are included at the value to the charity where this can be quantified. The value of ryices provided by volunteers has not been included. Grants. including grants fry the purchase of fixed a&sety are recognised in full in the statement of financial activities in the year in which they are receivable. 1.4. Resources expended Expendilure is recognised on an accrual basis as a liabiliry is incurred. Expendiwre include5 any VAT whi¢h cannot be fulty recovered. and is rewted &s part of the expendiwre to which il relates. l.& Tangible rued Dd depre¢ia¢ioD Tangible fixed assets are staled at cosi It accumulllted d¢pr¢cÉation. DeprcciDtion is provided ai rntes colculnted lo writr off the cosi 1¢55 residual valu¢ of each asset over its expecied use1 life, a5 follows: Fixtures and fitting5 Comput¢r ¢quipment 2 5% and IO% straighi line 254/0 straighi line D¢pr¢ciation is not charged (m paintings as their Ttsidual value is considered to be in excess of their original c051. Impairment reviews carried out show that their reowerable amount is in ¢xc¢s5 of th¢iT Unylng omowli thereby supporting this policy.
The North York Moors Cbamber Music FtIval Trust (A company limited by guaraDte¢) Noles to fmancial statements for the y¢4r ended 31 March 21123 1.6. Going Concern The flnancial stsiements have been prepared on a going concem basis the tru5*es beli¢v¢ that no material uncertainties exist. Thc trustees have considered the level of fid5 held and ihe expected level of incom¢ and expendIre for 12 month5 from 8uthorising these financial stsl¢ments. The budgeted incom¢ and exp¢ndi(ure is sufficient with the level of reserves for the charity to continue to be able to continue as a going concern. Donations and leg#cies Unrestrieted Restricted fudS runds 2023 Total 2022 Tot#1 Donations Grants- Overfield Trnst Grants- Nonnanby Trust 25.692 11.000 36,692 18.702 6,000 10,000 10,0( 10,000 25,692 21,OCl 46,692 34,702 Charitable a¢¢iviti¢s UAre5tri<ted 2023 Total 2022 Tolal Tickei salcs Bro¢hure sale5 27.427 1,740 27,427 1.740 28,626 1,470 29,167 29.167 30.096 Other UTrrestrieted funds 2023 Total 2022 Total Gift aid 9,027 9,027 5.147 9.027 9.027 5,147 Net Iwome for the yegr 2023 2022 Net income for the year is stated after chargiTtg". Depreciation and other amounts wrilten off tangible fixed assets Independent examiners, Temunerdtion Independent exam1rT5. remuneration from h¢r wijrk 3235 350 989 3,373 350 874 io
Tbe North York Moors Chamber Music Festival Trust (A company limited by guarantee) Notu to fanCIal statements for the year eDded 31 March 2023 Employees Employmetst tosts 2023 2022 Wages and salarie5 2232 1.935 No employee received emoluments of more than £60,000 (2022 .. None). Numbtr of employe The average monthly number5 of employees (including the trwsiees) thiring the year, calculated on the basis of fjjll lime equivalents, was as follows." 2023 Nmber 2022 Nwmber Tntr¢s No Irustee expenses were inCued duringth¢ year (2022: £niD. Taiation The charity's a¢tivili¢5 fall within the exempiions afforded by the provisions of the Income and Cory)orntion Taxes Act 1988. Accordingly. thcre is no taxation charge in th¢5e a¢c4)unts. Fixtur rrttings and Computer ¢quipm¢nt ¢qwipment Painting5 Tangible ftsed assets Total Cost At l April 2022 Addilions 85,444 380 3.786 3.030 92,260 380 At 31 March 2023 85.824 3,786 3,030 92.640 Depreciation Al l April 2022 Charge for the year 14,683 2,885 3.120 350 17.803 3.235 At 31 March 2023 17,568 3,470 21,038 Iyet book values At 31 March 2023 68.256 317 3,030 71.603 At 31 March 2022 70.761 666 3,030 74,457
The North York Moors Chamber Musie Festival Trust (A company limited by guarantee) Notes lo fanCIal statements for Ihe year ended 31 March 2023 Debtors 2023 2022 Other delxors Prepayrnents and accrued incom¢ 9.025 1,935 5.125 16,406 10,960 21,531 io. Creditors: amounts falling due iihin one year 2023 2022 Accruals defrrred inwt 1.308 1,212 ii. Analysls of nel bttweety funds Unrestricted Restricted funds funds Total funds Fulld btlartces at 31 March 2023 as representrd by.. Tangibl¢ fixed assets Curr¢m assets Curreni liabilities 6.040 46.645 (1.308) 65.563 11,000 71,603 57,645 (1,308) 51.377 76.563 127,940 12. UDre5tricted funds At Intoming Outgoing 111104ll2 resourees resollrces At 31103n3 General fijnd 55,583 63,886 (68.092) 51,377 Purposes of unrestrided fmnds The general fund comprise5 those funds which the trustees are free to use in accordance with the charitsble objectives. 12
The North York Moors Chamber Music Festival Trust (A company limited by guaraDtee) Noles to financial statements for the year ended 31 March 2023 13. Restric¢ed funds A¢ Incoming Outgoing 01104n2 resourtts resourc¢5 At 31103123 Anon)Trou5 donation Sieinway Piano fund Donations The Norn)anby Tnjst Festival brochur¢ Lighting fi)nd d¢)nation Staging Fund donations 500 66.013 500 64,177 11.000 (1,836) 11.000 10.000 (10,000) (1.500) (60) (444) 1.500 60 1.330 886 69.403 21.(KK (13,840) 76,563 PUry0s of restrided funds The anonymous donion r¢pre5ents moni¢s received iowards the commis5ioJ)ing of a ¢omm¢morative painting. Th¢ bal¢ represents the undepreciad element of the painun& The Steinway fund reFfesents an an0oU$ gifi received for the purchase of a Steinway piano Artd asswiated costs. The balance represenis the undepreciated elerncnt of the piano and associated costs at the end of the firjancial year togethu with th¢ balanc¢ of the donation which is to be used againsi fvtyre costs a550ciatrd with the piano. During the year donatiorts have been r¢¢¢ived towar(L5 th¢ 2023 Summer Festival marqu¢¢ hir¢ and si ¢xp¢ndi¢ur¢. The Nomonby Tt donation wa5 to support the costs of sthging the 2022 Summer Festival. The F¢stivul Brochure Fund rewesents a specific donation to partially cover the cost of ihe production of the 2022 Summer Femival Brochure. The lighting fimd donaiion represents monies received WardS the purchase of lighting for use by the charity. The ba]an¢¢ r¢pr¢s¢Ta¢s the und¢preciated element of the lighttng at the end of the financial year. The Staging Fund donations represent monies received towards the wchase of portable Maging used by the charity. The balance represents the undepreciated element of the staging at the end of the financial year. 14. Relaled party traLsaclioDS Mr J wallc is a trustee and dirECtor of the charitable cornpany. During the year the charity paid Mr Walton £3,35012022- £2,000) for his services as professional musicians on an arms l¢ngth Commercial b¥si5. Mr J Brookfield is a twste¢ and director of the charitsble cornpany. During the year Mr J Brookfjeld made 8n wjcondilional donaiion of £500 (2022-. £500) to the charitable company. 13
The North York Moor$ Chamber Music Festival Trust (A company limited by guarantee) Notes to finantial statements for the year ended 31 Mar¢b 2023 IS. Company limited by guarao¢ee The North York Moors Chambcr Music Festival is a compny limited by guarantee and accordingly does not hav¢ a share capital. Every mernber of th¢ corNpany widertakes io Contriblltr such amount a5 rnay bE required not exceeding £1 to the ¥ssets of the chariiable company in the eveni of its being wound up while he or sh¢ is a Tn¢mb¢r, or within one year after he or she ceLses to be a mcmber. 14