## 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**
1
## 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.
2
## 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.
3
## 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)
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 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
5
## 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.
6
## 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)
7
## 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.
8
## 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|
|---|---|---|---|
9
## 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).
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 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|
|---|---|---|---|---|
11