2022-10-31-accounts - Cambridge Woodwind Makers

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Reference and administrative details of the charity,

Its trustees and advisers

Trustees Daniel Bangham Phyllis L Champion Colin RE Hamilton

Company registered number 07824298 Charity registered number 1146167

Registered office 106 Russell Street Cambridge CB2 1HU

Company Secretary Daniel H Bangham

Bankers Lloyds Bank Plc 95-97 Regent Street Cambridge CB2 1BQ

Trustees’ Report

Cambridge Woodwind Makers was incorporated on 26 October 2011. The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statement of Cambridge Woodwind Makers for the year ended 31 October 2022. The trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements, the requirement of the Charity’s governing documents and the provision of the Statement of Recommended Practices (SORP) “Accounting and Report by Charities” issued in October 2020. .

Structure, governance and management

Cambridge Woodwind Makers is a Company limited by guarantee which was incorporated on 26 October 2011 and is governed by its Memorandum and Articles of Association of the same date. The Company obtained charitable status on 29 February 2012. The Trustees who served during the year were:Daniel Bangham Phyllis L Champion Colin RE Hamilton.

The management of the Charity is the responsibility of the Trustees who are elected under the terms of the Articles of Association. Trustees are appointed who will bring practical and valuable skills to the Charity.

Objectives and Activities The Charity has been set up to undertake the day to day running of Cambridge Woodwind Makers and Cambridge Makers, which is a studio and workshop set up to preserve and promote art and artisanship. During the period, the Trustees have borne in mind the Charity Commissions Guidance on the principles of public benefit. The principal objective of the Charity is to preserve the art of woodwind instrument making and repair and other creative arts and crafts. The charity provides workshops and courses to teach these theories and skills.

Review of Activities

2022 was another challenging year due aftermath of the corona virus. We have retained a loyal and supportive team of tutors and students who have kept in touch with each other and with our charity and are keen to attend courses as soon as they are allowed too.

We have been very encouraged by the response by our arts and crafts tutors and participants, who have been returning to the workshop for courses with increasing numbers.

It has be difficult year to attract students to the woodwind making courses, as we traditionally had quite a few overseas students. Leaving the EU and aftermath of covid has made it a less attractive proposition.

Financial Review

Total funds carried forward as at 31 October 2022 were £8489 and the Trustees are satisfied that this is an acceptable level of reserves. Total incoming resources for the year were £109,242 a considerable improvement on the previous year. However total resources expended for the year amounted to £106,888 which includes the daily running expenses of the workshop and studio and a one off change as to how we record money owed to Tutors. We now record an accrual to the tutor, the moment we start taking payments from students for the upcoming course. This better reflects our true financial position. It has no effect on our cashflow situation, which remains good.

Trustees’ Responsibility Statement

The Trustees (who are also directors of Cambridge Woodwind Makers for the purposes of company law) are responsibly for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company and charity law requires the Trustees to prepare financial statements 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 that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgments and estimate that are reasonable and prudent;

• Prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Trustees on 02/06/2023 and signed on their behalf,

by: Daniel H Bangham

Trustee

Company Registration No. 07824298 (England and Wales)

CAMBRIDGE WOODWIND MAKERS ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2021

CAMBRIDGE WOODWIND MAKERS ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

	Page
Company information	3
Directors' report	4
Accountants' report	5
Income statement	6
Statement of financial position	7
Notes to the accounts	8
Detailed profit and loss account	9

CAMBRIDGE WOODWIND MAKERS COMPANY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2021

Directors

Secretary

Company Number

Registered Office

Accountants

Daniel Bangham Colin RE Hamilton Phyllis L Champion

Daniel H Bangham

07824298 (England and Wales)

106 Russell Street Cambridge Cambridgeshire CB2 1HU

Morgan Barrett Accountancy 20 Church Street Little Shelford Cambridge Cambridgeshire CB22 5HG

CAMBRIDGE WOODWIND MAKERS (COMPANY NO: 07824298 ENGLAND AND WALES) DIRECTORS' REPORT

The directors present their report and accounts for the year ended 31 October 2021.

Principal activity

The principal activity was provider of education courses on a non-profit making basis.

Directors

The following directors held office during the whole of the period:

Daniel Bangham Colin RE Hamilton Phyllis L Champion

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

............................................................................

Daniel Bangham Director

Approved by the board on: 4 April 2022

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF CAMBRIDGE WOODWIND MAKERS FOR THE YEAR ENDED 31 OCTOBER 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cambridge Woodwind Makers for the year ended 31 October 2021 as set out on pages 6 - 8 from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html

This report is made solely to the Board of Directors of Cambridge Woodwind Makers, as a body, in accordance with the terms of our engagement letter dated 31 July 2020. Our work has been undertaken solely to prepare for your approval the accounts of Cambridge Woodwind Makers and state those matters that we have agreed to state to the Board of Directors of Cambridge Woodwind Makers, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cambridge Woodwind Makers and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cambridge Woodwind Makers has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cambridge Woodwind Makers. You consider that Cambridge Woodwind Makers is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cambridge Woodwind Makers. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Morgan Barrett Accountancy Chartered Certified Accountants

20 Church Street Little Shelford Cambridge Cambridgeshire CB22 5HG

4 April 2022

CAMBRIDGE WOODWIND MAKERS INCOME STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2021

Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating profit/(loss) Profit/(loss) on ordinary activities before taxation Tax on profit/(loss) on ordinary activities Profit/(loss) for the financial year	2021 £ 65,696 (51,465) 14,231 (25,967) 18,873 7,137 7,137 - 7,137	2020 £ 54,255 (50,307)
		3,948 (22,849) 15,579
		(3,322)
		(3,322) -
		(3,322)

CAMBRIDGE WOODWIND MAKERS STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2021

Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds	2021 £ 35,162 (1,581) 33,581 33,581 33,581 33,581	2020 £ 26,581 (137)
		26,444
		26,444
		26,444
		26,444

For the year ending 31 October 2021 the 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 company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2022 and were signed on its behalf by

Daniel Bangham Director

Company Registration No. 07824298

CAMBRIDGE WOODWIND MAKERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2021

1 Statutory information

Cambridge Woodwind Makers is a private company, limited by shares, registered in England and Wales, registration number 07824298. The registered office is 106 Russell Street, Cambridge, Cambridgeshire, CB2 1HU.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

Turnover

Turnover is measured at the fair value of the consideration received, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

4 Creditors: amounts falling due within one year Trade creditors Other creditors	2021 £ 150 1,431 1,581	2020 £ - 137
		137

5 Pension commitments

Cambridge Woodwind Makers runs a defined contribution pension scheme which is open to all members of staff.

6 Average number of employees

During the year the average number of employees was 2 (2020: 2).

CAMBRIDGE WOODWIND MAKERS DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2021

This schedule does not form part of the statutory accounts.

This schedule does not form part of the statutory accounts.
Turnover Fees Cost of sales Other direct costs Gross profit Administrative expenses Wages and salaries Pensions Other operating income Other operating income Government grants Operating profit/(loss) Profit/(loss) on ordinary activities before taxation	2021 £ 65,696 51,465 14,231 25,111 856 25,967 500 18,373 18,873 7,137 7,137	2020 £ 54,255
		50,307
		3,948
		21,757 1,092
		22,849
		- 15,579
		15,579
		(3,322)
		(3,322)

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Charity Name Cambridge Woodwind Makers

On accounts for the year 31st October 2022 Charity no 1146167 ended (if any) Set out on pages 6-10

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).

The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
to state whether particular matters have come to my attention

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

June 2023

IER

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:	Date:	2ndJune 2023

	Philip Evans

	FCCA Association of Chartered Certified Accountants (ACCA)

	20 Church Street
	Little Shelford
	Cambridge CB22 5HG

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

June 2023

IER