Skipton Camerata Limited
Charity number 1139637
A company limited by guarantee number 7008134
Annual Report and Financial Statements
for the year ended 31 December 2022
Skipton Camerata Limited
Annual Report and Financial Statements for the year ended 31 December 2022
| 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 2022
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 Dates Robert Fort Chair Bryan White Phil Lawler Susan Lesser Ashleigh Munslow Appointed 27 April 2022 Charity number 1139637 Registered in England and Wales Company number 7008134 Registered in England and Wales
Registered and principal address Bankers
28 Belgrave Street The Co-operative Bank Skipton P.O. Box 250 BD23 1QB Skelmersdale WN8 6WT
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 members at an annual general meeting.
2
Skipton Camerata Limited
Trustees' report (continued) for the year ended 31 December 2022
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
Skipton Camerata successfully staged five concerts in Skipton Town Hall and gave five more in venues across Yorkshire.
The orchestra made recordings for a series of podcasts and embarked on a two-year virtual reality project.
Skipton Camerata continued to exercise tight financial control and continued to provided support for its freelance musicians thanks to the generosity of its sponsors and funders.
Financial review
The net income for the year was £25,324.
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 £43,383.
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.
During the year we received a large unrestricted donation of £40,000. The trustees agreed to designate this to support the orchestra's digital and outreach programme. Of the £40,000 we have spent £1,500 leaving designated funds at £38,500. This leaves the free reserves being £5,183 at the year end.
3
Skipton Camerata Limited
Trustees' report (continued) for the year ended 31 December 2022
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.
Approved by the board of trustees on 25 May 2023
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 2022, 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
26 May 2023
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 2022
| Notes 2022 Unrestricted funds £ Income from: Grants and donations (2) 41,399 Corporate sponsorships 30,000 Income from performances 22,451 Bank interest 1 Gift aid 196 Other income 20 Total income 94,067 Expenditure on: Artists and musicians 47,785 Equipment and materials 686 Marketing 1,391 Production and support 5,874 Venue hire 200 Management and administration 9,900 Insurance 218 Hospitality and travel 27 Software and IT 948 Printing postage and stationery 162 Independent examination 540 Bank charges 110 Depreciation 300 Other expenditure - Storage rental 602 Total expenditure 68,743 Net movement in funds 25,324 Fund balances brought forward 18,359 Fund balances carried forward (3) 43,683 |
2022 Restricted funds £ 6,000 - - - - - 6,000 4,898 197 - 255 - 650 - - - - - - - - - 6,000 - - - |
2022 Total funds £ 47,399 30,000 22,451 1 196 20 100,067 52,683 883 1,391 6,129 200 10,550 218 27 948 162 540 110 300 - 602 74,743 25,324 18,359 43,683 |
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 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
Skipton Camerata Limited
Balance sheet
| as at 31 December 2022 2022 Unrestricted £ Fixed assets Tangible assets (4) 300 Total fixed assets 300 Current assets Debtors 4,094 Cash at bank and in hand (5) 43,163 Total current assets 47,257 Current liabilities: amounts falling due within one year Creditors and accruals (6) 3,874 Total current liabilities 3,874 Net current assets 43,383 Net assets 43,683 Funds Unrestricted funds General unrestricted funds 5,183 Designated funds (7) 38,500 Unrestricted funds 43,683 Restricted funds - Total funds 43,683 |
2022 Restricted £ - - - - - - - - - - - - - - |
2022 Total £ 300 300 4,094 43,163 47,257 3,874 3,874 43,383 43,683 5,183 38,500 43,683 - 43,683 |
2021 Total £ 600 600 7,712 12,332 20,044 2,285 2,285 17,759 18,359 18,359 - 18,359 - 18,359 |
|---|---|---|---|
For the year ending 31 December 2022 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 25 May 2023
Robert Fort (Trustee)
7
Skipton Camerata Limited
Notes to the accounts
for the year ended 31 December 2022
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 2022
| **2 ** | Grants and donations | 2022 | 2022 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| £ | £ | £ | £ | |||
| Donation from Skipton Building | Society 40,000 |
- | 40,000 | - | ||
| Tarn Moor Estate | - | 6,000 | 6,000 | 5,000 | ||
| Other donations | 1,399 | - | 1,399 | 2,145 | ||
| 41,399 | 6,000 | 47,399 | 7,145 | |||
| **3 ** | Restricted funds | Balance b/f Incoming |
Outgoing | Transfers | Balance c/f | |
| Tarn Moor 2022 | £ £ - 6,000 |
£ 6,000 |
£ - |
£ - |
||
| - 6,000 |
6,000 | - | - | |||
| Fund name | Purpose of restriction | |||||
| Tarn Moor 2022 | To fund an orchestral concert for pupils from | primary schools in Skipton. |
| 4 **5 ** |
Tangible assets Cost At 1 January 2022 Additions At 31 December 2022 Depreciation At 1 January 2022 Charge for year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 Cash at bank and in hand Cash at bank Cash in hand |
£ 1,500 - 1,500 900 300 1,200 300 600 2022 £ 43,163 - 43,163 Music equipment |
Total £ 1,500 - 1,500 900 300 1,200 300 600 2021 £ 12,124 208 12,332 |
|---|---|---|---|
9
Skipton Camerata Limited
Notes to the accounts continued
for the year ended 31 December 2022
| 6 Creditors and accruals Creditors Accruals 7 Designated funds Donation from SBS Fund name Donation from SBS |
Balance b/f Incoming Outgoing £ £ £ - - 1,500 - - 1,500 Reason for designation To support the orchestra's digital and outreach |
2022 £ 2,034 1,840 3,874 Transfers £ 40,000 40,000 programme. |
2021 £ 1,745 540 2,285 Balance c/f £ 38,500 38,500 |
|---|---|---|---|
8 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 total employee benefits received by key management personnel were £18,708 (previous year: £17,292).
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 2022
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 41,399 2,145 Corporate sponsorships 30,000 30,000 Income from performances 22,451 33,566 Bank interest 1 370 Gift aid 196 1,817 Other income 20 - Total income 94,067 67,898 Expenditure Artists and musicians 47,785 46,445 Equipment and materials 686 2,654 Marketing 1,391 885 Production and support 5,874 5,560 Venue hire 200 270 Management and administration 9,900 9,265 Insurance 218 207 Hospitality and travel 27 96 Software and IT 948 924 Printing postage and stationery 162 54 Independent examination 540 540 Bank charges 110 111 Depreciation 300 300 Other expenditure - 48 Storage rental 602 662 Total expenditure 68,743 68,021 Net movement in funds 25,324 (123) Fund balances brought forward 18,359 18,482 Fund balances carried forward 43,683 18,359 |
2022 Restricted funds £ 6,000 - - - - - 6,000 4,898 197 - 255 - 650 - - - - - - - - - 6,000 - - - |
2021 Restricted funds £ 5,000 - - - - 5,000 13,455 147 - 2,491 - - - - - - - - - - - 16,093 (11,093) 11,093 - |
2022 Total funds £ 47,399 30,000 22,451 1 196 20 100,067 52,683 883 1,391 6,129 200 10,550 218 27 948 162 540 110 300 - 602 74,743 25,324 18,359 43,683 |
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 |
|---|---|---|---|---|
11