The Iyorth York Moor5 Chamber Music Festival Trust (A eompany limited by guarantee) Trustees, report and financial statements for the year ended 31 March 2024 Charity number: 1129262 Company number: 06878005 (England & Wales)
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Contents PAge Legal and adtnini5trative information Trustees, r¢port Independent ¢xamin&s report Statement of fjnancial a¢tivities Balance Sheet Notes to the financial statements 9-14
Th¢ North York Moors Chamber Music Festival Trust (A company limited by guarantee) Legal and Administrative information Charity number 1129262 Company registration number 06878005 (England & Wales) Business address Hall Cotiage Appletoi) le Moors York Y062 6TF Registered office Hall Cottage Appleton le Moors York Y062 6TF Trustees J Waltoii J Brookfield K Lane A Mason C Mason Dr C Kirk Secretsry J Brookfteld Independent examiner B Cr055 ACA The Barker Partnership Chartered Accountants 17 Ceiitral Buildiiigs Market Place Thirsk North Yorkshire Y07 IHD Bankers Barclays Bank plc 1-3 Parliamenr Street York North Yorksliire YOI 8SE
The North York Moors ChAmber Music Festival Trust (A company limited by guarantee) Report of the trustee5 {incorpory4ting the directors, report) for the year ended 31 March 2024 The tNstees present their r¢port and the financial 5tatem¢nts for thc year ended 31 March 2024. The trustces, who are also directors of The North York Moors Chamber Musi¢ Festival TTU5t for the PUTpose5 of company12w 2nd scrved during the year and up to the datc of tliis report are set out on page l. Structure? governanet and management Governing documenl The Nortli Yol'k Moors Chamber Music F¢stival TNst is a cotnpkny limited by guardntee and a registered charity governed by its memorandum and artic1¢5 of a5SOCiation. Charity numb¢r 1129262 and Company number 06878005. The ¢ompany was inGorporated on 15 April 2009 and registered with ihe Chttritses Cort]mi55ion ota 22 April 2009. Appoin¢pKen¢ oftrustees The directors of the rhari¢abl¢ company (Ihe charity'l are its trustees for the purpose of chatity law atld throughout this report are Collectively referred to os the trustees. The articles of a5so¢iation provide that tTUSt¢e5 may be appointed by ordinary resolution in general m¢eting. Objectives #Rd activities The objectives of th¢ charity arc to proinote. iinprove, develop and maintain public education in an appreciation of the art and 5cieiice of music in all aspects by th¢ pres¢iiia¢ion of publiG concert5 and recitsls and by 5ucli of the way5 as the members shall determine from tiine to tiine. The charity has a policy to undertake its activtty within historicol buildings urithiii the North York Moors, in particular histori¢ places of worship. The TTUSt 2Ctively seek5 to support the upkeep of tliese buildings ihrough the promotion. visibility and fjnancial support that Can be gained from ariistic activity. When reviewing lh¢ ¢hariry's objectives and activities and future plan5 the trustees hav¢ r¢ferred io the guidanc¢ contained in the Charity Commission's g¢nernl guidance on public beftefit. Aehievements and performance The Trust was able to produce a two week Summer Festival using the same formal as th¢ pr¢vious yea¥ with a matn tnarquee venue and four chur¢h¢s spread across the North York Moors National Park. The 2023 theTlle 'lnto the oking Glass. which con5j5ted of 14 concerts. The (heme took its inspir2tion Lewis Carroll's Alice stories which were explored through the prism of sound all expressed thmugli music. The iiispiration behind the 15th Festival came about frorn questioning what music means in a world where our understanding of what is real or even nortnal has been somewhat challenged over tlie past tl)ree years. The main bulk of activity took place in the specially hired marquee in Welburn Manor which continued io draw new audiences to the range of styles and mix of ¢omposers. OtheT Concerts were held in Coxwold. Danby, Lastingham and Egton Bridge. The Trust were delighted to return to Laslingham after an absence of several years 2S It was the ad-ho¢ conccrts held here in thc 20005 whiGh led to the Festival beiiig foutsded., we were delighted tliat the coiicert Wds cornpletely 501d out. Audicncc feedback continued to show a strong desire to maEntain the arrangcrncnt of a tnai marquee venue with a 5tnall number of church concerts. The Trustees have continued to ivork hard on a model that is financially 5UStainable to include ihe marquee. We are very gratefvl to Major arsd Mr5 J Shaw for their generosity in hosting us at Welburn Manor for tsvo weeks which contribute5 significantly to making this possible.
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 Mar¢h 2024 Concert atcendan¢es ai the sUrner Festival were consistently strong and once again there wa5 an organised holiday tour Iihrougli a travel agency specialistng in classical tnusic tour51 wliicli resulted in a large number of attendees Tn the se¢ond week. Tickel inconie remained very liealtliy and in¢r¢as¢d significantly on Previous yea. The Tn]stees continue tt) ensure public benefit by allowing affordable acce5S to world class music in local settings. Once again effort5 were also made to inarket and encourage younger people to atiend: this ittLluded discounted and free tickets. Two additional concerts were lield duting year. Tlie first one iji May 2023 was held ai St Oswald's aiurch. Lhe. Tl)is was a fvndraising concert for tlie Church Restorattort Appeal. but it wa5 also an opportuiiity for Ilie Tnjst io pay tribute to JohaJJnes Setker. wlio liad died eaTli¢r in 2023. Jolidnnes lived locally. 2 liaTP5ichord maker by profwion aHd lollg-standing Churchwardett of St Oswald'5. He was also a Trustee of Ilie Nortli York Moors Clianiber Music Festiv21 from 2013 20. The Trust were deliglited to raise £1500 for the appeal and share music with Johannc's fricnds and family. A Launch Concert was held at All Saints. Helmsley in November 202i wliicli featured a range of piano music. Thi5 was well attended. The Trustees were able to secure suffi¢ient grants and donatioThs to ensure the 2023-24 p¢riod largely bloke even in temjs of income and expenditure. The Trustees remain satisfied tliat the Festival is operating in a fjnancially stable manner. The TTUStee5 met twice durin8 the year to review goveman¢¢ and finan¢ial reqLtiT¢m¢nts and tnake decisioTrs regarding charitable aciivity. Financial revlew The charity relies on donations and grants as the main sources of iiicome. Effort5 to secure new funding sourcc5 have continued since the year end. Incotning resource5 for the year were £71,972. R¢sour¢es exp6nded during the year were £83.013 resulting in ao overall n¢t d¢cr¢ase in fuTrds of £l1.041. Th¢ amounts of reserves held at the end of the year were £116.899. £51,280 of which is unrestri¢¢ed and £65.619 of thich is restri¢ted. Reserves Th¢ tru5t¢e5 have established a policy whereby a minimum of 5% of tn¢ome should b¢ held in reserves at all times to cover any unfor¢seen ¢xp¢nditure.
The North York Moors Chamber Musie Fes¢ival Trust (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 Mar¢h 2024 Statement of trustees, responsibilitie5 The tru5tee5 (who are also dircctors of The Nortli York Moors Cljainber Music Festival Trust for the purpose of company law) are responsible for preparing tl?c Trustees, Annual Report and tlie fiiiancial statements in accordance witli applicable law and United Kingdom Generally Aceeptcd Accounting Practice. Cornpany law requires the trustees to prepare financial statements for each financial year which 8ive a true and fair vi¢w of the state of affairs of tlie charilablc company and of tlie iiicoiniiig resources and applt¢aiion of resources, including the income and ¢xpenditure. of the charitable coinpany foT thai year. Iii prcparing tlie5e financial slaten)ents. the Irustees are required to.. selec¢ suitable accounting policies and then apply them consistenily. observe the methods and principles in the Charities SORP. make judgeinetlts ajid estimates that are reasonable and prudent: State whether applicable UK Accounting Standards have been follod. 5ubjcct to any material dep2rthres dclosed and explained in the financial statements, and prepare the finan¢ial statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue in operation. The tTUStees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the fjnancial position of tli¢ charitable company and which eiiable them to ensure that the finan¢ial statements Comply with die Companies Act 2006. They are a150 respoiisible for safeguarding Ilie assets of the charitable company and henc¢ for takiiig reasonable steps for the prevei)(ioii artd d¢l¢ction offraud and other trregu12rities. Small company provisions This r¢port ha5 been prepared in aecordan¢¢ wilh the provisions appltcable to companies eniitled io the small cornpanies cxemption. On bchalf of the board J Brookfield Secretary 23 October 2024
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Independent examiner's report to the trustees on the unaudited financial statements of The North York Moors Chamber Music Festival Trust. I report to the charity trustees on my examination of ihe accounts of tlie company for the year ended 31 Mar¢h 2024 which are set out on pages 6 to 14. Responsibiliti and basi5 of report As the charitys twstees of tl?e company land also its directors for the purposes of ¢otnpany lawl you are responsible for the preparation of thc accounts in aceordance will) tlie requ1ments of tlie Companies Act 20061'tlie 2006 Act'l. Having satisfied myself that the accounts of tlie conipany are not required to be audited under Part 16 of thc 2006 Act and are eligible for independent examination. T report in respect of my exarnination of your cliariry's accounts as carried out under seciion 145 0( the Charitie5 Act 2011 Itlie .201 l Act,). In ¢aTryiiig out rny examination I have followed the Directions 8iven by tlie Charity Commission under Section 145151(bl of di¢ 2011 Act. Independent examiner's report I have ¢ompleted my exatninatioii. I confIrm that no matters have come to my attention in connection with the examination giving me Cause io believe.. (l) aCContIng records were t)ot kept in respect of tlie company as required by sectioii 386 of the 2006 Act., or (2) the a¢¢ount5 do not accord with those accounting r¢cords- or (3) the accowits do not ¢omply with the accounting requirements of section 396 of the 2006 Act other than any r¢quir¢ment that the accounts giv¢ a 'rwe and fair, view whirh 15 not a matter considered as part of an independent examination. or 14lthe accounts have not been prepared iii aGcordance with the methods and principles of th¢ Staiement of Recomtnended practice for accounting and reporljrtg by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicablc in the UK and Repllblic of Ir¢land IFRS 10211. I have no concerns and have Lome across rto other matters in connection with the examination to which att¢ntion should be dTawn in thi5 report in order to enable a proper understanding of th¢ accounts lo b¢ rearhed. B Cross ACA The BaTker Partnership Chartered Accountants 17 Central Buildings Market Place Thirsk North Yorkshire Y07 IHD 23 October 2024
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Statement of financial activitie5 {incorporating the income and expenditure account) For the year ended 31 Mareh 2024 Unrestritted Re$tricted funds funds 2024 Total 2023 Total Notes Income and endowments from: DonatLOll5 and lega¢i¢s Charitable activities Other 18,871 35.235 11750 46,692 29,167 9,027 35,235 Total 59.22? 12,750 71.972 84,886 Expendithre on: Refreshment5 Musicians. fees Production expense5 Staff costs Venue hire Advertising and marketin8 A¢commodation Motor and trdvel Accoiintan¢y fees Communications and IT Other office expenses Depreciation and impairment Sundry expenses 6.686 20.175 8.374 3,650 656 5,366 2,448 7,651 l.i26 2.000 397 574 16 6,686 31,425 8,374 3.650 9,320 6.866 2.448 7,651 1,326 2,000 397 2,854 16 6.615 32,200 7.293 2.232 8,570 6.057 2.900 9,429 1,339 1,827 191 11,250 .664 1,500 2280 45 Total 59.319 23.694 83.013 Net incomelexpenditsre 1971 {10,9441 111.041) 2,954 Total fi]nds brought forward 51,377 76,563 127.940 124,986 Total funds carrSed forward 51,280 65.619 116.899 127,940 The statetnent of fJn3n¢ial activities includes all gains and 105se5 in the year and therefore a separate ststeTnent of total recognised gaing and losses has not been prepared. All ofthe above amounts r¢lat¢ to Continuing a¢iivities. The note5 on pages 9 to 14 fomi In integral part of these finanGial statements.
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Balance sheet as at 31 Mareh 2024 2024 2023 Notes Fixed assets Tangible assets 68.749 71.603 Current assets Debtors Cash at bank and in hand 6,812 42.682 10.960 46,685 49,494 57,645 Creditors: amounts falllng due Ivithin one year 10 {1,3441 (1,3081 Net current assets 48.150 56.i37 Net assets 116,899 127.940 Funds Restrictcd income funds UJestrICted income funds 65,619 51.280 76,563 51.377 Total fund$ 116,899 127,940 Thc Balance Sheet continues on the following page. The notes on pagcs 9 to 14 fom) an In¢Egral yart of these fjnancial StateMltS.
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Balance Sheet (continued) Trustees statemeJJts required by the Companies Act 2006 for the year ended 31 March 2024 For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small conJpartie5. Directors. responsibilities.. The mernbers have not required the company to obtain art audit of its accounts for th¢ year in question in accordance with scction 476. and The directors arknowledge their rcsponstbililies for MplyIng with tlie requirements of the C¢)mpani¢s Act 2006 with re5PCCt to occountittg records and the preparation of accounts. These fjnancial statements have been prepared in accordance with th¢ prtsvision5 applicable to companies subject to thc small companies, regime and in acwrdance with FRS 102 The Financial R¢porting Standard applicable iii the UK and Republic of Ireland,. The fjnancial statements were approved by the board on 23 October 2024 and signed on its behalf by J Walton Director The notes ott p*ges 9 to 14 form an integral part of these financial statemei)ts.
The North York Moors Chamber Music Festival Trust (A eompony limited by guarantee) Note5 to financial stat¢ments for the year ended 31 March 2024 Accounting policies The prTn¢ipal accounting polscies are summari5ed below. The accounting policies have bccn applied consistently throughout ihe year and the precediiig year. Basls of accounting The chariry ¢otLStEtul¢s a public benefit entity as defined by FRS102. The financial statements are prepared under the historical cost convention, ex¢ept for the revaluation of certain fix¢d assets, and in accordanLe with Arcounting and Reporting by Charities.. Statement of Re¢oiMtn¢nded Practice applicable to chariti¢s preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffcctive l January 2019) and the Companie5 Act 2006 and the Charities Act 2011. The financial statements are prepared in sterling. which is the fvnctiotjal ¢urren¢y of the entity. 1.2. Cashtlow The charity has iaken advantage of the exemption in FRS102 for the requirerllent to produce a cashflow statement because it is a small charity. 1.3. Incoming resources All incoming resources are included in the statement of financial activities wlien tlie charity i5 entitled to the incorne and the aniount can be quantified with reasoiiable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of grants, donatioiis and gtfis and 15 included in full in the statenient of financial activities when re¢eivablc. Graiits where entitlement is not coiiditional on the delivery of a spe¢ifi¢ performance by the charity. are recognised then the ¢harity becornes uncoiiditionally entitled to the grattl. Donated service5 and facilities are in¢luded ar ihe value to the charity i¥here thi5 can be quantified. The value of s¢rvi¢es provided by volunteers ha5 not been included. Grants, in¢luding grants for the purchase of fixed assets, are recogni5 in thll in thc statctnent of financial a¢tivitie5 in the year in which they are receivable. 1.4. Resource5 expended Expendiwre is re¢ognised on an accrual basi5 a5 a liability is incurred. Expenditure ittcludes any VAT which cannot be fi]Ily recovered, and is reported as part of the expenditure to whicli it relates. 1.5. Tangible fixed assets and depreciation rangible fjxed a5sEts are Stated at cost less accumulated depreciation. Depreciation is provided ai rates ¢alculated to write off the cost less residual valw of each a55Ct over its ¢xpect¢d useful life, a5 follows.. Fixtures and fittings Computer equiprnent 2.5Q/o and IOO/o straight line 25 % straight line Depreciation is not charged on paintings as their residual value is considered to be in excess of their original cost. IrnpaiTment reviews carried L)Ut show (hat their recoverable amount is in excess of tlieir carrying ajnount diei¢by supportitjg this policy.
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Going Conce Th¢ financial statements have been PTepared on a going concem basis as the trusiees believe that no material uncertainties exist. The trustees have considered the level of fi]nds held and the expected level of income and expEnditure for 12 month5 from auihorising these fJnan¢ial statements. The budgeted income and expenditure is suffi¢ient with the level of r¢seJves for the charity to continue to b¢ able to contittue as a going concern. Donation5 and kgacies Unrestricted Rtricted funds funds 2024 Tot21 2023 Total Donations Grants- Overfield Trust Grants- Nomianby Trust 18.871 1.500 1,250 10,000 20.371 1,250 10,000 36.692 10.000 18,871 12.750 31.621 46.692 Charitable actlvltles Unrestricted funds 21124 Totsl 2023 Total Tickct sales Brochure sales 33225 2,010 33225 2,010 27,427 1,740 35,235 35,235 29,167 Other Unrestricted fund5 2024 Total 21123 Total Gift aid 5,116 9,027 5,116 5,116 9,027 Net income for the year 2024 2023 Net income for the year is ststed after charging.. Depreciation 2nd oth¢r amounrs wri¢ien off iangible fixed assets Independent examiner5, reTnuneration Independent examiners, remuneration from other work 2.854 350 976 3.235 350 989
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Employees Employment eosts 2024 2023 Wages and salaries No employee received emoluments of more thatt £60,00012023 .. None). Number of employees The average monthly numbers of employees (including the trustees) during the year. calculated on the basis of full time eguÉvalents, was as follows". 2024 Number 2023 Number TnteeS No trustee expense5 were incurred durtng the y¢ar12023.. £nil). Taxation The charity's activities fall within tlie exeTnptions afforded by tlie provisions of the Income and CoTporation Taxes Act 1988. Accordingly, there is no raxation ¢harge these accouiits. Fixture5. fltt?ng5 and Computer equlpment equip¥nent Paintings Tangible flxed assets TotAI C05t At l April 2023 and At 31 March 2024 85,824 3.786 3,030 92.640 Depreciation At l April 2023 Charge for the year 17,568 2,537 3.469 317 21.037 2,854 Ai 31 Mah 2024 20,105 3.786 23,891 Net book values At 31 M)T¢h 2024 65,719 3,030 68,749 At 31 Mar¢h 2023 68,256 317 3,030 71,603
The North York Moors Chamber Music Feslival Trust (A company limited by guarantee) Iyotes to financial statements for the year ended 31 Mar¢h 2024 Debtors 2024 21123 Other debtors Prepayments aiid acctued Income 4.993 1,819 9.025 1,935 6.812 10.960 io. Creditors: amounts falling dlle wi¢hith one year 2024 202J Accruals and deferred income 1.344 1.308 Analysis of net assets between funds Unrestricted Restricted funds funds Total lunds Fund balances at 31 March 2024 as represented by.. Tangible fixed assets Current assets Cutr¢nt liabilities 5,466 47,158 11,3441 63.283 2,336 68.749 49,494 11,344) 51,280 65,619 116,899 12. Unrestricted funds At lijtoming Outgoing 01104123 resovree5 resourtes At 31103ll4 General nd 51.377 60,472 160.569) 51,280 Purposes of unrestricted funds The geiieral fitnd comprises those fviids wliich the trustees are free to Use jn accordance with the charitable objectives. 12
The North York Moors Chamber Music Festival Trust (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 13. Restricted funds At Incoming Outgoing OIA14123 resources resources At 31103124 Anonyrnous donation Steinway Piano fund Donations The NoTmanby Trust Festival brochure The Overfjeld Trust Staging Fund donatiOll5 500 64,177 11,000 500 62,341 2.336 {1,836} {8.6641 11 0.000) 11.500) 11.250) 14441 i 0.000 1,500 1.250 886 442 76.563 12,750 123,694) 65,619 Purpose5 of restricted funds The anonymou5 donation reprcsents monies received towards the commissioning of a commemorative painting. The balance represents the undepreciated element of thc painttng. The Sr¢inway Piano fund represent5 an anoiiymous gift received for the purcliase of a Steinway piano and associated costs. The balance represents the uiidepreciated element of the piano and associated costs at the end of the financial yr together with the balance of ihe donation which is to be used against future costs associated with th¢ piano. In the previou5 year donations wer¢ r¢¢eived towards the 2023 Sutnrner Festival marquee hire and site expenditure. The Nomanby Trust donation was to support the costs of staging the 2023 Summer Fcstival. The Festival Bm¢huT¢ Fund r¢pre5ents a specific donation to partially c4)ver the cost of the produ¢tion of th¢ 2023 Sur(uner Festival Brochure. The Overfield Trust grant was to pay musician5 for tl)e fundraising concert for Lythe Church in May 2023. The Siagtng Fund donations represent monies received towards the purcliase of portable staging used by the charity. Tlie balance represents the undepreciated elenient of tlie slagtJlE 2t die etTrd of the fjnancial year. 14. Related party transactions Mr J Walton is a IrusteE aiid director of tli¢ charitable coii?paiiy. Duriiig tlie year tlie cliarity paid Mr Walton £320012023- £3,350) for his services as a profcssioilal musician on ali 2ritts letsgtli ¢ominertial basis. 13
The Nctrrth York Moors Chamber Musie Festival Trust (A eompany limited by guarantee) Note5 to financial statements for the year ended 31 March 2024 15. Company limited by guarantee The North York Moors ChanibeT Music Festival Trust is a company litnited by guarantee and accordingly does not hav¢ a sh&re capital. Every member of the compat]y uJidertake5 to contribute such amouiit as may be rcquired not exceeding £1 to the assets of tlie cliaritable company in tlic event of its beiiig wound up wl)ile he or she is a member, or within one year after he or she ceases lo be a member. 14