2023-12-31-accounts - Skipton Camerata Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

Skipton Camerata Limited

Charity number 1139637

A company limited by guarantee number 7008134

Annual Report and Financial Statements

for the year ended 31 December 2023

==> picture [310 x 117] intentionally omitted <==

==> picture [139 x 72] intentionally omitted <==

Skipton Camerata Limited

Annual Report and Financial Statements for the year ended 31 December 2023

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

Skipton Camerata Limited

Trustees' report for the year ended 31 December 2023

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 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.

Skipton Camerata Limited

Trustees' report (continued) for the year ended 31 December 2023

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 six more in venues across Yorkshire.

The orchestra made recordings for two digital projects, a wellbeing survey using virtual reality headsets and ‘Soundscapes’, an immersive audio-video installation and exhibition in Skipton Town Hall.

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 £25,714, including net expenditure of £6,136 on unrestricted funds and net income of £31,850 on restricted funds after transfers.

The trustees were notified in December 2023 that Skipton Building Society would not provide funding for the orchestra beyond 2024. The trustees are grateful to the Building Society for its support in the past but recognise that the withdrawal of funding represents a material change in the financial projections of Skipton Camerata which will have an impact on the scale of operations. The trustees will undertake a reassessment of funding streams and opportunities and remain confident that the company will continue to operate within its financial resources.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £37,547.

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.

At the start of the year we had £38,500 from a large unrestricted donation received the previous year which is designated to support the orchestra’s digital and outreach programme running until 2024.

Towards the end of the year we received £31,850 in restricted grant income towards our ‘Soundscapes’ audiovideo installation in early 2024.

This leaves the free reserves being £3,567 at the year end.

Skipton Camerata Limited

Trustees' report (continued) for the year ended 31 December 2023

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 15 May 2024

Robert Fort (Trustee)

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 2023, 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

15 May 2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Skipton Camerata Limited

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 December 2023

Notes 2023 Unrestricted funds £ Income from: Grants and donations (2) 1,977 Corporate sponsorships 30,000 Income from performances 36,640 Bank interest 577 Gift aid 422 Other income - Total income 69,616 Expenditure on: Artists and musicians 49,477 Equipment and materials 2,696 Marketing 1,741 Production and support 5,736 Venue hire 150 Management and administration 12,922 Insurance 218 Hospitality and travel 211 Software and IT 653 Printing postage and stationery 298 Independent examination 594 Bank charges 107 Depreciation 300 Other expenditure 48 Storage rental 601 Total expenditure 75,752 Net movement in funds (6,136) Fund balances brought forward 43,683 Fund balances carried forward (3) 37,547	2023 Restricted funds £ 38,850 - - - - - 38,850 6,530 - - 160 - 310 - - - - - - - - - 7,000 31,850 - 31,850	2023 Total funds £ 40,827 30,000 36,640 577 422 - 108,466 56,007 2,696 1,741 5,896 150 13,232 218 211 653 298 594 107 300 48 601 82,752 25,714 43,683 69,397	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

All incoming resources and resources expended derive from continuing activities.

Skipton Camerata Limited

Balance sheet

as at 31 December 2023 2023 Unrestricted £ Fixed assets Tangible assets (4) - Total fixed assets - Current assets Debtors 3,380 Cash at bank 40,255 Total current assets 43,635 Current liabilities: amounts falling due within one year Creditors and accruals (5) 6,088 Total current liabilities 6,088 Net assets 37,547 Funds Unrestricted funds General unrestricted funds 3,567 Designated funds (6) 33,980 Unrestricted funds 37,547 Restricted funds - Total funds 37,547	2023 Restricted £ - - - 31,850 31,850 - - 31,850 - - - 31,850 31,850	2023 Total £ - - 3,380 72,105 75,485 6,088 6,088 69,397 3,567 33,980 37,547 31,850 69,397	2022 Total £ 300 300 4,094 43,163 47,257 3,874 3,874 43,683 5,183 38,500 43,683 - 43,683

For the year ending 31 December 2023 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 are 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 15 May 2024

Robert Fort (Trustee)

Skipton Camerata Limited

Notes to the accounts

for the year ended 31 December 2023

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, if 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.

Skipton Camerata Limited

Notes to the accounts continued

for the year ended 31 December 2023

2 Grants and donations Arts Council England Tarn Moor Estate Donation from Skipton Building Society Other donations 3 Restricted funds Balance b/f £ ACE 23 Fulldome - TME 23 Fulldome - TME 23 Schools - -	2023 Unrestricted funds £ - - - 1,977 1,977 Incoming £ 23,850 8,000 7,000 38,850	2023 Restricted funds £ 23,850 15,000 - - 38,850 Outgoing £ - - 7,000 7,000	2023 Total funds £ 23,850 15,000 - 1,977 40,827 Transfers £ - - - -	2022 Total funds £ - 6,000 40,000 1,399 47,399 Balance c/f £ 23,850 8,000 - 31,850

Purpose of restriction

Fund name Purpose of restriction ACE 23 Fulldome Towards the orchestra’s Soundscapes project in 2024. TME 23 Fulldome Towards the orchestra’s Soundscapes project in 2024. TME 23 Schools Towards an orchestral concert for primary school pupils in Skipton Town Hall in October 2023.

4 5	Tangible assets Cost At 1 January 2023 Additions At 31 December 2023 Depreciation At 1 January 2023 Charge for year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 Creditors and accruals Creditors Accruals Hire fee received in advance	£ 1,500 - 1,500 1,200 300 1,500 - 300 2023 £ 3,319 594 2,175 6,088 Music equipment	Total £ 1,500 - 1,500 1,200 300 1,500 - 300 2022 £ 2,034 1,840 - 3,874

Skipton Camerata Limited

Notes to the accounts continued

for the year ended 31 December 2023

6 Designated funds Donation from SBS Fund name Donation from SBS	Balance b/f Incoming Outgoing £ £ £ 38,500 - 4,520 38,500 - 4,520 Reason for designation To support the orchestra's digital and outreach	Transfers £ - - programme.	Balance c/f £ 33,980 33,980

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 total employee benefits received by key management personnel were £20,713 (previous year: £18,708).

Skipton Camerata Limited

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2023

2023 2022 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 1,977 41,399 Corporate sponsorships 30,000 30,000 Income from performances 36,640 22,451 Bank interest 577 1 Gift aid 422 196 Other income - 20 Total income 69,616 94,067 Expenditure Artists and musicians 49,477 47,785 Equipment and materials 2,696 686 Marketing 1,741 1,391 Production and support 5,736 5,874 Venue hire 150 200 Management and administration 12,922 9,900 Insurance 218 218 Hospitality and travel 211 27 Software and IT 653 948 Printing postage and stationery 298 162 Independent examination 594 540 Bank charges 107 110 Depreciation 300 300 Other expenditure 48 - Storage rental 601 602 Total expenditure 75,752 68,743 Net movement in funds (6,136) 25,324 Fund balances brought forward 43,683 18,359 Fund balances carried forward 37,547 43,683	2023 Restricted funds £ 38,850 - - - - - 38,850 6,530 - - 160 - 310 - - - - - - - - - 7,000 31,850 - 31,850	2022 Restricted funds £ 6,000 - - - - - 6,000 4,898 197 - 255 - 650 - - - - - - - - - 6,000 - - -	2023 Total funds £ 40,827 30,000 36,640 577 422 - 108,466 56,007 2,696 1,741 5,896 150 13,232 218 211 653 298 594 107 300 48 601 82,752 25,714 43,683 69,397	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