## Skipton Camerata Limited
Charity number 1139637
A company limited by guarantee number 7008134
## Annual Report and Financial Statements
for the year ended 31 December 2021
Skipton Camerata Limited
Annual Report and Financial Statements for the year ended 31 December 2021
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 to 11|
**Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Skipton Camerata Limited
## Trustees' report for the year ended 31 December 2021
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position** Robert Fort Chair Bryan White Thomas Lawler Susan Lesser **Charity number** 1139637 Registered in England and Wales **Company number** 7008134 Registered in England and Wales **Registered and principal address Bankers** 28 Belgrave Street HSBC Bank plc Skipton 61 High Street BD23 1QB Skipton BD23 1DW
## **Independent examiner**
Simon Bostrom FCIE **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 3 September 2009. It is governed by a memorandum and articles of association as amended by special resolution on 17 November 2010. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the by the trustees at a duly convened meeting.
2
## Skipton Camerata Limited
## Trustees' report (continued) for the year ended 31 December 2021
## **Objectives and activities**
## **The charity's objects**
To promote, maintain, improve and advance education particularly by the production of concerts, operas, recitals, educational plays and the encouragement of the arts, including the arts of drama, mime, dance, singing and music, and to formulate, prepare and establish schemes therefore, provided that all objects of the company shall be of a charitable nature.
## **The charity's main activities**
Skipton Camerata is a professional chamber orchestra. Our principal activities are providing high-quality and innovative classical music experiences for the public in general, and sometimes specifically for younger people, principally but not exclusively in the region of Skipton. We promote our own public performances of orchestral works, work with younger people in schools and other environments, and support local and regional amateur choirs by providing accompaniment for their performances.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the arts, culture, heritage, science and education.
## **Achievements and performance**
Although the coronavirus pandemic continued to impact pubic performances for the first part of the year, Skipton Camerata successfully staged four public concerts in Skipton Town Hall and gave five more in venues across Yorkshire.
The orchestra was engaged in six recording projects, one commercial audio recording, three video recordings which were filmed and broadcast online and two collaborative video projects recorded remotely by the musicians.
Skipton Camerata continued to exercise tight financial control and thank particularly to the generosity of its sponsors and funders, continued to provided support to freelance musicians during a difficult period.
## **Financial review**
The net expenditure for the year was £11,216, including net expenditure of £123 on unrestricted funds and net expenditure of £11,093 on restricted funds after transfers.
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £17,759.
Skipton Camerata has a reserves policy setting a lower limit of £2,000 and an upper limit of £5,000.
The reserves are held mainly for cash flow purposes specially if our income from hire fees, ticket income or Skipton Building Society sponsorship does not arrive in time to pay our suppliers, i.e. the orchestral musicians. It is also there as a contingency in case a project's expenditure is more than was budgeted for or if anticipated ticket income is lower than expected.
We have extra reserves in 2021 because we were not able to spend our money due to the pandemic but we have been playing catch-up since. We are planning to reach within the limits of our reserve by the end of 2022.
3
## Skipton Camerata Limited
## Trustees' report (continued) for the year ended 31 December 2021
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees on 27 April 2022
Robert Fort (Trustee)
4
## Skipton Camerata Limited
## Independent examiner's report to the trustees of Skipton Camerata Limited
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021, which are set out on pages 6 to 11.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Simon Bostrom FCIE
9 May 2022
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## Skipton Camerata Limited
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 December 2021
|Notes
2021
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
2,145
Corporate sponsorships
30,000
Income from performances
33,566
Bank interest
370
Gift aid
1,817
**Total income**
67,898
**Expenditure on:**
Artists and musicians
46,445
Equipment and materials
2,654
Marketing
885
Production and support
5,560
Venue hire
270
Management and administration
9,265
Insurance
207
Hospitality and travel
96
Software and IT
924
Printing postage and stationery
54
Independent examination
540
Bank charges
111
Depreciation
300
Other expenditure
48
Storage rental
662
**Total expenditure**
68,021
**Net movement in funds**
(123)
**Fund balances brought forward**
18,482
**Fund balances carried forward**
(3)
18,359|2021
Restricted
funds
£
5,000
-
-
-
-
5,000
13,455
147
-
2,491
-
-
-
-
-
-
-
-
-
-
-
16,093
(11,093)
11,093
-|2021
Total
funds
£
7,145
30,000
33,566
370
1,817
72,898
59,900
2,801
885
8,051
270
9,265
207
96
924
54
540
111
300
48
662
84,114
(11,216)
29,575
18,359|2020
Total
funds
£
3,260
30,000
2,140
32
-
35,432
15,144
256
1,472
3,595
450
11,690
134
54
1,772
216
540
263
300
13
617
36,516
(1,084)
30,659
29,575|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
## Skipton Camerata Limited
## Balance sheet
|as at 31 December 2021
2021
Unrestricted
£
**Fixed assets**
Tangible assets
(4)
600
**Total fixed assets**
600
**Current assets**
Debtors
7,712
Cash at bank and in hand
(5)
12,332
**Total current assets**
20,044
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(6)
2,285
**Total current liabilities**
2,285
**Net current assets**
17,759
**Net assets**
18,359
**Funds**
Unrestricted funds
18,359
Restricted funds
-
**Total funds**
18,359|2021
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-|2021
Total
£
600
600
7,712
12,332
20,044
2,285
2,285
17,759
18,359
18,359
-
18,359|2020
Total
£
900
900
-
29,266
29,266
591
591
28,675
29,575
18,482
11,093
29,575|
|---|---|---|---|
For the year ending 31 December 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 27 April 2022
Robert Fort (Trustee)
7
## Skipton Camerata Limited
## Notes to the accounts
## for the year ended 31 December 2021
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Music equipment - 5 years
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
8
## Skipton Camerata Limited
## Notes to the accounts continued
## for the year ended 31 December 2021
|**2 Grants and donations**
Tarn Moor Estate
Other donations
**3 Restricted funds**
Garfield Weston
Tarn Moor Estate
**Fund name**
Garfield Weston|2021
2021
2021
2020
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
-
5,000
5,000
-
2,145
-
2,145
3,260
2,145
5,000
7,145
3,260
Balance b/f
Incoming
Outgoing
Transfers
Balance c/f
£
£
£
£
£
11,093
-
11,093
-
-
-
5,000
5,000
-
-
11,093
5,000
16,093
-
-
**Purpose of restriction**
This funding represents a contribution of £10,000 per year towards a 3 year
programme of orchestral performances and educational activities. Due to
Covid19 restrictions this fund was also used towards the Lockdown Diaries
project in 2020.|
|---|---|
Tarn Moor Estate Towards Pastoral Symphony project.
|**Tangible assets**
**Cost**
At 1 January 2021
Additions
At 31 December 2021
**Depreciation**
At 1 January 2021
Charge for year
At 31 December 2021
**Net book value**
At 31 December 2021
At 31 December 2020|£
1,500
-
1,500
600
300
900
600
900
Music
equipment|Total
£
1,500
-
1,500
600
300
900
600
900|
|---|---|---|
## **4 Tangible assets**
9
## Skipton Camerata Limited
## Notes to the accounts continued
## for the year ended 31 December 2021
|**5 Cash at bank and in hand**
Cash at bank
Cash in hand
**6 Creditors and accruals**
Trade creditors
Accruals|2021
£
12,124
208
12,332
2021
£
1,745
540
2,285|2020
£
29,108
158
29,266
2020
£
51
540
591|
|---|---|---|
## **7 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The key management personnel of the charity include the trustees and Chief Officer. The total employee benefits received were £17,292 (previous year: £13,815).
10
## Skipton Camerata Limited
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2021
|2021
2020
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
2,145
3,260
Corporate sponsorships
30,000
30,000
Income from performances
33,566
2,140
Bank interest
370
32
Gift aid
1,817
-
**Total income**
67,898
35,432
**Expenditure**
Artists and musicians
46,445
2,505
Equipment and materials
2,654
161
Marketing
885
34
Production and support
5,560
360
Venue hire
270
-
Management and administration
9,265
10,955
Insurance
207
134
Hospitality and travel
96
54
Software and IT
924
1,172
Printing postage and stationery
54
216
Independent examination
540
540
Bank charges
111
263
Depreciation
300
300
Other expenditure
48
13
Storage rental
662
617
**Total expenditure**
68,021
17,324
**Net movement in funds**
(123)
18,108
**Fund balances brought forward**
18,482
374
**Fund balances carried forward**
18,359
18,482|2021
Restricted
funds
£
5,000
-
-
-
-
5,000
13,455
147
-
2,491
-
-
-
-
-
-
-
-
-
-
-
16,093
(11,093)
11,093
-|2020
Restricted
funds
£
-
-
-
-
-
-
12,639
95
1,438
3,235
450
735
-
-
600
-
-
-
-
-
-
19,192
(19,192)
30,285
11,093|2021
Total
funds
£
7,145
30,000
33,566
370
1,817
72,898
59,900
2,801
885
8,051
270
9,265
207
96
924
54
540
111
300
48
662
84,114
(11,216)
29,575
18,359|2020
Total
funds
£
3,260
30,000
2,140
32
-
35,432
15,144
256
1,472
3,595
450
11,690
134
54
1,772
216
540
263
300
13
617
36,516
(1,084)
30,659
29,575|
|---|---|---|---|---|
11