```
REGISTERED COMPANY NUMBER: 07847197 (England and Wales)
REGISTERED CHARITY NUMBER: 1145544
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2025
```
## **`FOR`**
## **`CHAMBERSTUDIO`**
```
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
```
```
CHAMBERSTUDIO
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025`**
||**`Page`**|**`Page`**|**`Page`**|
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`5`|
|**`Independent Examiner's Report`**||`6`||
|**`Statement of Financial Activities`**||`7`||
|**`Balance Sheet`**|`8`|`to`|`9`|
|**`Notes to the Financial Statements`**|`10`|`to`|`14`|
|**`Detailed Statement of Financial Activities`**||`15`||
```
CHAMBERSTUDIO
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stAugust2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
```
Page 1
```
```
CHAMBERSTUDIO
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2025
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
ChamberStudioisaregisteredcharityprovidingspecialisedyear-roundcoachingandsupport to
emergingprofessionalchambermusicians.Werunbespokeprogrammesforemerging chamber
ensemblesatdifferentstagesoftheirprofessionalcareers.TheseincludeMentorships,Visiting Professor
Series,Residencies,HallOneMasterclassesandtheHansKellerForum.Thecoachingsessions and
masterclassesaregenerallyopentothepublictoobserve.Ourmissionistosustainandnourish the
futureofchambermusicandtopromoteitasanaccessibleandgreatartform.Thanksto generous
supportfromTrustsandindividualdonors,weareabletoofferthisspecialisedsupporttothe next
generation of chamber musicians at a heavily subsidised rate.
```
## **`REVIEW OF THE YEAR`**
```
SinceChamberStudiowasfounded,ithasbeenourgoaltosupportemergingprofessional chamber
ensemblesattheearlystageoftheircareers.Inanevermorechallenginglandscapeforsecuringtime to
dedicatetochambermusic,andsecuringhighqualityperformances,ourworkismorevitalthan ever.
GroupstellusthatChamberStudiohasofferedvaluableadviceandsupportwhentheymostneedit, and
we look forward to continuing to deliver our programmes in the years ahead.
```
```
"ChamberStudiohasprovideduswithacontinuoussourceofinspirationandguidance,aswellasa wide
networkofsupportfromlikemindedprofessionalsintheveryearlymomentsofourcareer.Wewill always
begratefulandappreciativeofthewayRichard,Donald,andtheirwarmcommunityembracedus, who
love and value chamber music in our lives as much as we do." Paddington Trio
```
## **`Artistic Leadership`**
```
DonaldGrantcontinuedasArtisticDirectorinthe24/25season,replacingfounderRichardIreland who
hadretiredfromhisroleinApril2024.Donaldhasassumedartisticresponsibilityforthe organisation,
workingalongsideChiefExecutiveAnnaRoweandGeneralManagerMattRogers.Inaddition to
revitalisingourexistingprogrammes,Donaldhasintroducedseveralnewinitiativesincluding Open
Studios. Our programmes are described in more detail below.
```
## **`Mentorships`**
```
ChamberStudio'sflagshipprogramme,theMentorshipprogrammeprovidesyear-round tailor-made
coachingandsupportformusiciansandensembleswhohavedecidedtofocusonchambermusicas a
centralpartoftheircareer.Thereisnoupperagelimitfortheprogramme,andensembles become
eligiblewhentheyarenolongerbeingsupportedbyatertiaryinstitution.Themasterclasses are
generallyopentothepublicandfreetoobserve.EachMentorshipprogrammespansaperiodofup to
four months and consists of three 3-hour masterclasses.
```
## **`Residencies`**
```
DonaldhasreworkedChamberStudio'sResidenciesprogramme,extendingeachresidencyto provide
ensembleswithaperiodofintensivementorshipduringanimmersive3-nightstay.Aswellas continuing
ourrelationshipswithLavethaninCornwallandFairlightHallinSussex,wehavebuiltanew partnership
with Rosygilwen in Wales, expanding our geographical reach.
```
```
"OurResidencyhelpedustocompletelyrefreshourapproach…leavinguswitharenewedvigour and
enthusiasm…andintroducedustowaysofrehearsingandworkingtogetherwhichnowpermeate every
rehearsal." Berkeley Ensemble
```
## **`Hans Keller Forum`**
```
ChamberStudio'sHansKellerForum(HKF)programmelaunchedinSeptember2022andhasproved to
behugelysuccessfulasatrainingvehicleandlaunchpadforseveralexcellentyoungensembles. HKF
runsasanannualcycleofthree3-dayresidencies(inSeptember,JanuaryandApril)and provides
coachingspecificallytailoredtosupportselectedcollege-agechambergroups.Theresidenciesareheld at
WestRoadConcertHallinCambridge,andaccommodationisprovidedbyClareCollege.Eachofthe eight
UKmusiccollegesareinvitedtonominatetwochambergroupsthatshowagoodcommitment and
chemistry,andfromthosefourgroupsareselected.Thesewere:SeionQuartet,Trio Thalassa,
HeartwoodQuartet,andSonasQuartet.The2024/5HKFmentorswereAlasdairBeatson, John
Myerscough and Donald Grant.
```
```
TheHansKellerForumissupportedbytheCosmanKellerTrust,whosegenerosityis gratefully
acknowledged.
```
```
Page 2
```
```
CHAMBERSTUDIO
```
```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST AUGUST 2025
```
```
"HansKellerForumhasbeenincrediblybeneficialtoourtrio'sdevelopmentoverthepastyear- we
alwayscameawaysoinspiredandwithlotsofnewideastoexplore,andthecoachingwassomeof the
most insightful and in depth we've experienced." Astatine Trio (RCM)
```
## **`Plans for the Future`**
```
TheTrusteesofChamberStudioarecommittedtocontinuingtosupportemergingchamber ensembles
andtodevelopingprogrammesincludingcoachingandmasterclasseswhichbestmeettheirneeds. As
wellasadjustingourcurrentprogrammestomeettheevolvingneedsofyoungensembles,we are
launchingaprestigiousFellowshipprogrammefortwoofourhighest-levelgroups,providingthemwith a
holistic and immersive annual programme of study free-of-charge.
```
```
Wearealsodelightedtoofferthreeresidencyprogrammesin2025/2026,aswellasreturnsto Kings
PlaceHallOnewithAnthonyMarwoodandChamberStudioFellowstheAstatineTrio.Thiswillbe followed
byourannualOpenStudio,featuringyoungmusiciansplayingside-by-sidewithsomeofthe most
experienced and sought-after chamber musicians in the UK.
```
## **`Public benefit`**
```
ThetrusteeshavereferredtotheguidanceintheCharityCommission'sgeneralguidanceon Public
Benefitwhenreviewingouraimsandobjectivesandinplanningourfutureactivities.Inparticular, the
Trusteesconsiderhowplannedactivitieswillcontributetotheaimsandobjectives.Thetrustees have
concludedthattheCharity'scoreactivitysatisfactorilyaddressestheprinciplesofidentifiable public
benefitanddemonstratesthattheCharityhasfulfilledthepublicbenefitrequirementunderthe Charities
Act 2006:
```
```
- The fees paid by young musicians are kept as low as possible and can be waived in cases of hardship
-MembersofthegeneralpublicareabletoobserveChamberStudiomasterclassesfreeofcharge and
theseopportunitiesarewellpublicisedthroughKingsPlace,theCharity'sownwebsiteandother publicity
outlets
```
```
-TheHansKellerForumprovidestrainingforensemblesinfulltimeeducation;aspartofthis programme
thereareanumberofeventswhichareopentothepublicand,forthemostpart,madeavailablefree of
charge.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Themajorityofincomecomesfromgrants.Thenetmovementinfundsfortheyearwasanincrease of
£91,627(2024£2,605decrease)withadecreaseageneralfundsat31August2025to£51,217 (2024
£59,590).
```
```
Endowmentfundheldat31August2025totalled£100,000(2024£nil),Thisrelatestothe Lindsays
Bursary, generously funded by a grant from the James and Lucilla Joll Trust.
```
## **`Financial Support`**
```
OurvaluedrelationshipswiththeAlbert&EugenieFrostMusicTrust,theCosmanKellerTrust,and Philip
Carne,formerlyoftheCarneTrust,continue.Weareverygratefulfortheircontinuingsupport. In
2024/2025wehavebeenhonouredtobeselectedbythetrusteesoftheJamesandLucillaJollTrust to
setupanewbursarytosupportyoungensembles,tobenamed'TheLindsaysBursary'.Thefunds to
supportthisbursarywerereceivedinApril2025.Inthe2024/2025financialyearwehavealso received
additionalsupportfromtheGarrickTrust,D'OylyCarteTrust,HarrisonFrankFoundationandthe Nicholas
BoasCharitableTrust.ThetrusteesofChamberStudiowouldliketoexpresstheirgratitudetoall these
funders for their support of our work.
```
```
Page 3
```
```
CHAMBERSTUDIO
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
TheTrustees,inaccordancewiththeCharityCommission'sguidance(Reference:Charity Commissioners
BookletCC19'CharityReserves'),reviewtheCharity'sreservesregularly.Afterassessingthe potential
threatsandriskstheTrusteesagreedthattheCharity'policyshouldbetomaintainsufficientreserves to
ensurethecontinuedavoidanceofnetcurrentliabilitiesandtoprovidesufficientliquidresourcesto meet
the Charity's needs. The Trustees monitor the position on a regular basis.
```
```
TosafeguardthecoreactivitiesoftheCharityinperiodsoffluctuatingincome,theTrustees have
determinedtoestablishunrestrictedreservessufficienttocover,asaminimum,ninemonths'costs. At
31August2025thebalanceontheunrestrictedreservewas£48,747(2024:£59,590),which the
Trustees believe to be adequate.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The company was incorporated on 14 November 2011 and registered as a charity on 19 January 2012.
```
```
ThecompanywasestablishedunderaMemorandumofAssociation,whichestablishedtheobjects and
powers of the charitable company and is governed under its Articles of Association.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
```
Thedirectorsofthecompanyarealsocharitytrusteesforthepurposesofcharitylaw.Theexisting board
ofdirectorsisresponsiblefortheappointmentofnewdirectors.Whenvacanciesarisepotential new
directorswiththerequisiteskillsaresoughtfromamongstindividuals,groupsandorganisations known
tobesympathetictoandhaveaninterestintheCharity'swork.Potentialcandidatesarebriefed about
theCharityandtheninvitedtobecomeadirectoriftheboardisinfavouroftheirappointment. In
addition,theCharityhasinthepastappointeda'playeradvisor'totheboardofdirectors-acurrent or
recentparticipantinaChamberStudioscheme,whoattendsBoardmeetingswithaparticularremit to
gatherandreflecttheviewsofChamberStudio'sbeneficiaries.Theappointmentisforafixedtermof two
years so that the person appointed is close in career stage and experience to the players we support.
```
```
Thecompanyholdsboardmeetingsatleastfourtimesayear,morefrequentlyiftheneedarises. The
day-to-dayrunningofthecharitablecompanyisundertakenbytheArtistDirector,ChiefExecutive and
General Manager.
```
## **`Risk Review`**
```
TheTrusteeshaveidentifiedmajorriskstowhichthecompanyisexposed,reviewedand implemented
systemstomitigatetheserisks.Themajorriskcontinuestobetherelianceongrantincome which
cannotbeguaranteed.AdetailedreviewofriskshasbeencarriedoutinSpring2025,andthe risk
register updated.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
07847197 (England and Wales)
```
## **`Registered Charity number`**
```
1145544
```
## **`Registered office`**
```
58 Stamford Brook Road
London
W6 0XL
```
## **`Trustees`**
```
A M Brougham (resigned 19/1/2026)
S H F Cook
R A Jennings
M A Lewisohn
G Parkin
S D J T Rowe
J A Marshall (appointed 19/1/2026)
```
```
Page 4
```
```
CHAMBERSTUDIO
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Independent Examiner`**
```
David Ashby FCCA ACA
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:
```
```
.......................................................
R A Jennings - Trustee
```
```
Page 5
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CHAMBERSTUDIO
```
## **`Independent examiner's report to the trustees of Chamberstudio ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st August 2025.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
```
`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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
David Ashby FCCA ACA
```
```
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
```
```
Date: .............................................
```
```
Page 6
```
```
CHAMBERSTUDIO
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND`**
**`ENDOWMENTS FROM`**
`Donations and legacies`
**`52,636`**
**`Charitable activities`**
`Charitable activities`
**`10,910`**
`Investment income`
`2`
**`2,522`**
**`Total`**
**`66,068`**
**`EXPENDITURE ON`**
`Raising funds`
**`2,122`**
**`Charitable activities`**
`Charitable activities`
**`61,605`**
`Other`
**`10,714`**
**`Total`**
**`74,441`**
**`NET`**
**`INCOME/(EXPENDITURE)`**
**`(8,373)`**
**`RECONCILIATION OF`**
**`FUNDS`**
`Total funds brought forward`
**`59,590`**
**`TOTAL FUNDS CARRIED`**
**`FORWARD`**
**`51,217`**|`Restricted`
`funds`
`£`
**`20,650`**
**`-`**
**`-`**
**`20,650`**
**`-`**
**`20,650`**
**`-`**
**`20,650`**
**`-`**
**`-`**
**`-`**|`Endowment`
`fund`
`£`
**`100,000`**
**`-`**
**`-`**
**`100,000`**
**`-`**
**`-`**
**`-`**
**`-`**
**`100,000`**
**`-`**
**`100,000`**|**`2025`**
**`Total`**
**`funds`**
**`£`**
**`173,286`**
**`10,910`**
**`2,522`**
**`186,718`**
**`2,122`**
**`82,255`**
**`10,714`**
**`95,091`**
**`91,627`**
**`59,590`**
**`151,217`**|`2024`
`Total`
`funds`
`£`
`57,629`
`7,340`
`2,262`
`67,231`
`428`
`66,609`
`2,799`
`69,836`
`(2,605)`
`62,195`
`59,590`|
|---|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 7
```
```
CHAMBERSTUDIO
```
## **`BALANCE SHEET 31ST AUGUST 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`CURRENT ASSETS`**
`Debtors`
`7`
**`3,527`**
`Cash at bank`
**`80,012`**
**`83,539`**
**`CREDITORS`**
`Amounts falling due within`
`one year`
`8`
**`(32,322)`**
**`NET CURRENT ASSETS`**
**`51,217`**
**`TOTAL ASSETS LESS`**
**`CURRENT LIABILITIES`**
**`51,217`**
**`NET ASSETS`**
**`51,217`**
**`FUNDS`**
`9`
`Unrestricted funds`
`Endowment funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|`Endowment`
`fund`
`£`
**`-`**
**`100,000`**
**`100,000`**
**`-`**
**`100,000`**
**`100,000`**
**`100,000`**|**`2025`**
**`Total`**
**`funds`**
**`£`**
**`3,527`**
**`180,012`**
**`183,539`**
**`(32,322)`**
**`151,217`**
**`151,217`**
**`151,217`**
**`51,217`**
**`100,000`**
**`151,217`**|`2024`
`Total`
`funds`
`£`
`6,440`
`96,266`
`102,706`
`(43,116)`
`59,590`
`59,590`
`59,590`
`59,590`
`-`
`59,590`|
|---|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31st August 2025.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 8
```
```
CHAMBERSTUDIO
```
## **`BALANCE SHEET - continued 31ST AUGUST 2025`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
```
```
R A Jennings - Trustee
```
```
.............................................
```
```
S H F Cook - Trustee
```
```
The notes form part of these financial statements
```
```
Page 9
```
```
CHAMBERSTUDIO
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2025
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.
```
## **`2. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||
|---|---|---|
||**`2025`**|`2024`|
||**`£`**|`£`|
|`Deposit account interest`|**`2,522`**|`2,262`|
```
continued...
```
```
Page 10
```
```
CHAMBERSTUDIO
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2025
```
## **`3. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`2025`**|`2024`|
|---|---|---|
||**`£`**|`£`|
|`Independent examiners' rem`|**`1,140`**|`1,390`|
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stAugust2025 nor
for the year ended 31st August 2024.
```
```
Donations of £1,350 were received by the charity from trustees during the year.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31stAugust2025norforthe year
ended 31st August 2024.
```
## **`5. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||**`2025`**|`2024`|
|---|---|---|
|`Charitable activities`|**`2`**|`2`|
```
No employees received emoluments in excess of £60,000.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`Restricted`
`Endowment`
`fund`
`funds`
`fund`
`£`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`40,629`
`17,000`
`-`
**`Charitable activities`**
`Charitable activities`
`7,340`
`-`
`-`
`Investment income`
`2,262`
`-`
`-`
**`Total`**
`50,231`
`17,000`
`-`
**`EXPENDITURE ON`**
`Raising funds`
`428`
`-`
`-`
**`Charitable activities`**
`Charitable activities`
`49,609`
`17,000`
`-`
`Other`
`2,799`
`-`
`-`
**`Total`**
`52,836`
`17,000`
`-`
**`NET INCOME/(EXPENDITURE)`**
`(2,605)`
`-`
`-`|`Total`
`funds`
`£`
`57,629`
`7,340`
`2,262`
`67,231`
`428`
`66,609`
`2,799`
`69,836`
`(2,605)`|
|---|---|
```
continued...
```
```
Page 11
```
```
CHAMBERSTUDIO
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2025
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -`**|**`continued`**|||
|---|---|---|---|
|`Unrestricted`
`Restricted`
`fund`
`funds`
`£`
`£`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`62,195`
`-`
**`TOTAL FUNDS CARRIED FORWARD`**
`59,590`
`-`
**`7.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`Prepayments`
**`8.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Deferred income`
`Accrued expenses`|`Endowment`
`fund`
`£`
`-`
`-`
**`2025`**
**`£`**
**`300`**
**`2,239`**
**`988`**
**`3,527`**
**`2025`**
**`£`**
**`5,400`**
**`728`**
**`54`**
**`25,000`**
**`1,140`**
**`32,322`**|`Total`
`funds`
`£`
`62,195`
`59,590`
`2024`
`£`
`80`
`780`
`5,580`
`6,440`
`2024`
`£`
`400`
`738`
`838`
`40,000`
`1,140`
`43,116`|`Total`
`funds`
`£`
`62,195`|
||||`59,590`|
```
Deferredincomerelatestograntsreceivedtosupportplannedactivitiesintheyearended 31
August 2025.
```
## **`9. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`Endowment funds`**
`Lindsays Bursary`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1/9/24`
`in funds`
`31/8/25`
`£`
`£`
`£`
**`59,590`**
**`(8,373)`**
**`51,217`**
**`-`**
**`100,000`**
**`100,000`**
**`59,590`**
**`91,627`**
**`151,217`**|
|---|---|
```
continued...
```
```
Page 12
```
```
CHAMBERSTUDIO
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2025
```
## **`9. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`The Cosman Keller Art and Music`
`Trust`
`Fidelion Charitable Trust`
`Idlewild Trust`
`Nicholas Boas Charitable Trust`
**`Endowment funds`**
`Lindsays Bursary`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`66,068`**
**`11,450`**
**`3,000`**
**`5,000`**
**`1,200`**
**`20,650`**
**`100,000`**
**`186,718`**|`Resources`
`expended`
`£`
**`(74,441)`**
**`(11,450)`**
**`(3,000)`**
**`(5,000)`**
**`(1,200)`**
**`(20,650)`**
**`-`**
**`(95,091)`**|`Movement`
`in funds`
`£`
**`(8,373)`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`100,000`**
**`91,627`**|
|---|---|---|---|
## **`Comparatives for movement in funds`**
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1/9/23`|`in funds`|`31/8/24`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`62,195`|`(2,605)`|`59,590`|
|**`TOTAL FUNDS`**|`62,195`|`(2,605)`|`59,590`|
|`Comparative net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`50,231`|`(52,836)`|`(2,605)`|
|**`Restricted funds`**||||
|`The Cosman Keller Art and Music`||||
|`Trust`|`15,000`|`(15,000)`|`-`|
|`Rainbow Dickinson Trust`|`2,000`|`(2,000)`|`-`|
||`17,000`|`(17,000)`|`-`|
|**`TOTAL FUNDS`**|`67,231`|`(69,836)`|`(2,605)`|
```
DuringtheyearthecharityreceivedthefollowingrestrictedgrantstosupporttheHans Keller
Forum:
```
```
i) The Cosman Keller Art and Music Trust - £11,450.
```
```
continued...
```
```
Page 13
```
```
CHAMBERSTUDIO
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2025`**
## **`9. MOVEMENT IN FUNDS - continued`**
```
ii) Fidelio Charitable Trust. - £3,000.
```
```
During the year the charity received restricted grants to support mentoring activities:
```
```
i) Idlewild Trust - £5,000.
```
```
ii) Nicholas Boas Charitable Trust - £1,200
```
```
Duringtheyearthecharityalsoreceiveda£100,000permanentendowmentfromtheJames and
LucillaJollCharitableTrusttocreatetheLindasysBursary.Thisamountwillbeinvestedand the
income generated used to support selected groups of emerging ensembles.
```
## **`10. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31st August 2025.
```
```
Page 14
```
```
CHAMBERSTUDIO
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025`**
||`2025`|`2024`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|**`11,486`**|`10,332`|
|`Gift aid`|**`2,150`**|`2,297`|
|`Grants`|**`159,650`**|`45,000`|
||**`173,286`**|`57,629`|
|**`Investment income`**|||
|`Deposit account interest`|**`2,522`**|`2,262`|
|**`Charitable activities`**|||
|`Charitable activities`|**`10,910`**|`7,340`|
|**`Total incoming resources`**|**`186,718`**|`67,231`|
|**`EXPENDITURE`**|||
|**`Raising donations and legacies`**|||
|`Postage and stationery`|**`132`**|`28`|
|`Advertising and marketing`|**`1,990`**|`400`|
||**`2,122`**|`428`|
|**`Charitable activities`**|||
|`Wages`|**`16,671`**|`24,667`|
|`Social security`|**`750`**|`534`|
|`Pensions`|**`417`**|`571`|
|`Other teaching costs`|**`30,149`**|`27,674`|
|`Professor fees`|**`21,630`**|`12,665`|
|`Travelling costs`|**`12,313`**|`498`|
||**`81,930`**|`66,609`|
|**`Support costs`**|||
|**`Management`**|||
|`Insurance`|**`335`**|`-`|
|**`Finance`**|||
|`Computer expenses`|**`9,253`**|`1,273`|
|`Bank charges`|**`70`**|`60`|
||**`9,323`**|`1,333`|
|**`Other`**|||
|`Sundries`|**`241`**|`76`|
|**`Governance costs`**|||
|`Independent examiners' rem`|**`1,140`**|`1,390`|
|`Total resources expended`|**`95,091`**|`69,836`|
|**`Net income/(expenditure)`**|**`91,627`**|`(2,605)`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```