MUSIC CAMP TRUST
Chartty Number 276270
MUSIC CAMP TRUST
REPORT AND
UNAUDITED ACCOUNTS
30 APRIL 2022

MUSIC CAMP TRUST
REPORT OF THE TRUSTEES
Trustees and key management personnel
S Laughton (Chaim)an)
H P N Steinfo (Deputy Chaiman)
J M K Williams (Treasurer) (resigned 21" November 2021)
R Horrocks
N Jones
l N¢xsnan
R Solom¢)n Imlliams
J HaMi￿On
C Balston (Treasurer) (appointed 21" Novemter 2021)
C Danskin (apFointed 215t NOVem￿r 2021)
Principal address
Aquila Lodge,
Dairymede
Speen
Princes Risborough
Buckinghamshire
HP27 OTD
Bankèrs
Barclays Bank
High Vfycombe (Business Ban￿ng)
Leicester
LE87 2BB

MUSIC CAMP TRUST
REPORT OF THE TRUSTEES
The trustees present their annual report arKI accounts for the charity for the 1&month period
ended 30 April 2022.
Structure, Govemance and Management
Music Camp Trust {'Mcf or Ihe Charit￿) is a charitab￿ Incorporated Organisation (CIO), a
charity registered as a bc¥Jy corp)rate under Part 11 of the Charities Ac* 2011, charity numÈer
276270.
The charity has been a CIO Sin￿ 7 Awil 2022, having weviously been a company limtted by
guarantee with charitable status: Music Camp Limited, company number 01374076, incorporated
on 19 June 1978. The change of name from Music Camp Limtted was approved by special
resolution at an Annual General m￿Ing ofthe company on 19 January 2022 and the conversion
to CIO status and the adoption of CIO constitution were approved at an Annual General
Meeting on 29 March 2022.
The new legal status is a siM￿r arrangement that ts more sutted to a small charity. There is no
requirement to comply with company law or to Icmjge accounts witti Companies House. As a
lower-income charity as defined by s133 of the Charities Act 2011, the chartty is also permitted
to prepare simplified, receipts and paymerrts. accounts. In order to prepare receipts and
payments accounts this year, the trustees thanged Ihe accounting year end from 31 March to 30
April so that the change in status fell within the a¢xounts'ng period. The current period is therefore
13 months but comparative fuures are for the 12 monts erKled 31 Marth 2021.
The new constrtution is the 'association' model constttution. whith allo￿ for voting members in
addition to trustees as under the previous company strucbjre. The original signatories to the
Company memorandum and articles of association decided that the membership should be kept
to approximatety ffiy rwife vtho were currently invofved wrth Music Camp activities (see below).
The trustees operate a policy whereby any members VAX) cease to be invofved in Music Camp
are invited to resign, so that their places may be taken by more adive Music Campers. At 30
April 2022 there were 94 memtrHs131 March 2021: 911. AJI those involved with Music Camp
activittes, whether members or not, are encouraged to pay an annual sut6cription of an amount
of their choice to MCT.
The trustees manage the affairs of the thanty and appoint new meMr￿rs. There are no
employees and trustees receive no remuneration. The trustees have a wid9 range of skills and
experience suitable for their roles. They tske the operational and strategic decisions in
¢onsutstion with the member5, as they consider appropriate.
Objectlves and activities
The main object of the charity is to advance the education and training of musicians and to
promote the appreciation of music by the public. Tr ￿ncIpal activty of the chartty is the support
ofgenuine amateur music, at Music Camp, an organis*'on formed in 1927. Help is given through
the provision of facilthes at Pigotts, North Dean, near High ￿COMbe, BLKkinghamshire, the
home of Music Camp, where musicians meet to rehearse. Al those attending pay their way ar)d
no one receives a fee. MCT provides support by way of such matters as the purchase of music,
musical instruments and necessary equipment.
The trustees have complied with their duty under section 17(5) of the Charities Act 2011 to
have regard to public benefit guidance published by the Charity Commission in exercising
any powers or duties to which the guidance is relevant.

MUSIC CAMP TRUST
Mcfs support of adivf(ies at p￿OttS helps to ensure that Campers of all ages and backgrounds
benefft from the opportunty to participate in diverse and ambitious music-making eXperien￿S
which chall8nge, educate and extend their musical knovAedge and abilrty and which help them
develop their instrumental or vixal technique, repertoi￿ and sight-reading skills. Participants
then use these skills to ￿nefft the other music-mth'ng groups to which they belong across the
UK arKI beyond.
These activities are provided on a voluntary basis, and they offer a cultural. social arKI educational
experien￿ that would te unaffordable to many participarts rf provided commerrially. AJI campers
benefft without restriction, and the only requirement for participation is musical abilty and a
personal recommendation.
The Elizabeth Library colleCt￿)n contsins a range of sheet music for vocal and instrumental
ensembles of all srles. Most of the collection is available for use, at no charge, by community
music groups. Borrowers are encouraged to make a d¢Jnation tovRrds the cost of maintaining the
collection. The Library makes an important contn"bution to the financial viabilty of amateur arts
groups in an environment of steeply rising commerryal music hire charges and ort5 to public
music library services.
Review of activities
In a nomal year. many ￿￿ker￿4 and other musical events are organised at Pigotts, the success
of which is partly dependent on the facilitEs that MCT wovides. The running costs of each
occasion are bome by those attending. MCT makes a contribution to cost of the event, either
to reduce the overall cost per head (for example, rf musiclinstrument hire costs are particularty
high) or to help individual campers in necessrtous arcumstances with the cost of participation.
There are no paid statr, participants help to Nn the acbvity.
After the exceptional everrts of the c¢)ronavirus Pandem￿ the k)L*downs which substantially
curtailed activtties in 2020, a more Mmaltsed lallhough generally smaller in scale) series of
events took plao at Pigotts during the latter part of 2021, the spring consisting la￿9&1Y of'play-
days" of a non-residential nature. in order to comply with guidelines until the final coronavirus
restrictions vRre lifted. These events included retum of ts¥0 9-day main ￿Mp$ in the month
of August, and a numiEr of weekend a¢tivtties. indudirwJ Brahms 1. Light Orchestra and
Russian Weekend, as well as the retum of a number of chamber music activities and the Young
Singers weekend. A notable highlight was the August Bank Holiday "Pigotts Released°_ at which
up to 250 people were in attendance at some wint over Ihe 3 day event. The usual annual
Reunion was On￿ again sadly Can￿lled grven continued uncertainty around the likelihood of
Can￿lIatIOn.
Financlal Review
The incorne of the charity comes from a combination of subscriptions, donations, tax claimed
on donations under gift aid, and investment income. The trustees consider that generally
activities at Music Camp should be self-supporting. but that MCT should stand ready to help
by providing funds to improve or maintain the faalrties there. The tharity has funded several
wooden buildings at Pigotts, and Pigotts houses Mcfs extensive library, music from which is
made available to similar organisations.
Expenditure is therefore made on suth things as the provision of music, instrumerts, and
necessary items, and contributions towards the cost of music hire, the provision of which wll
enable those attending to gain more from the experience. (Jynership of such equipment
remains with MCT.

MUSIC CAMP TRUST
During the year 2021122, MCT resumed its usual expenditure pattem providing financial
support for activities which take place at Pigotts. The trustees also agreed once again to
contribute to the annual Insuran￿ given the ongoing impacts from the coronavirus pandemic
and the resultant inabilty to generate this from contributions from events at Pigotts as was
previously the case.
The charity rec¢Yded net payments for the period of £74,159 (2021: re￿Ipts of £18,8891-
however the vast majority of this was due to the specific expenditure on the renewal of the
Main Bam roof. Excluding this the charity recorded net receipts of £6.489.
The investments held by MCT recorded a small unrealised gain during the period of £4.163.
These investments are held for long tem income and growth, and the fluctuations do not
impact Mcfs day to day finances. MCTS subscription income has remained unaffected.
Roof fundraising appeal
In earfy 2019 the charity launched a fundraising appeal to renew the 'Main Bam, roof. The roof
of the bam in which most Music Camp activity takes place ('the Main Bam,) had reached the
end of its usefvl lrfe and was starting to leak. The work to the bam roof would also include
replacing bam windows and doors, repairing the floor and addressing water ingress problems
from adjoining structures. Any surplus funds after addressing these items would be used to
support other repair and refurbishment projecls at Pigotts to maintain faciltties used principally
by Music Camp.
MCT does not ¢)wn the bam, but it was buim at Pigotts for Music Camp's continued use.
Therefore the trustees have agreed to fund the cost of the repair. In retum. the owners have
guaranteed that Music Camp will continue to have use of the bam for a minimum of 7 years
from the point of repair. This agreement was finalised in December 2020.
The trustees consider the risk of Pigotts not ￿Ing available for Music Camp use to be
extremely low. However, if this risk materialised within the minimum period, the undertaking
allows for the owners to repay a proportion of the total amount spent in relation to the number
of years left to run.
Donations to the appeal fund are being held in a restricted reserve. Expenditure on funding
roof works and associated expendrture. plus, as the fund allows, on other repairs and
improvements, w￿11 be made from this resepie.
By September 2021. the roof had been rePla￿d and several related pieces of work completed
{e.g. repairs to leaks in connecting roofs, replacement of bam windows, c￿ation of additional
door entran￿s> with total expendrture standing at £83,851. At 30 April 2022 the Roof Appeal
reserve fund stood at £57.306. The Trustees are reviewing priorrties for the next phase of
repairs.
Coronavirus
The charity itself has suffered relatively little directly in the period from the impacts of the
oronavifus pandemic - the value of its investments having substantially recovered in the
period to March 2021. It was decided to take the opportunty of the lockd¢)wn period to
complete the vast majority of the 'Main Bam, roof works- such that any impact to the regular
use of Pigotts On￿ more usual activrties could begin again was as limited as possible.
Trustees, meetings throughout the year were held online. The AGM lunch did once again not
take pla￿, so there were no AGM costs this year.

MUSIC CAMP TRUST
Risk Review
The trustees have considered the risks to whith the charity is exposed, which mainly con￿rn
potential damage to the library and the instruments owned by MCT, and the vulnerability of
the charity's investments to stc¢k market fluctuations. The trustees are satisfied that it has
taken appropriate and adequate measures to manage these risks, which include having in
place Insuran￿ that covers damage to property and other assets, and monitoring of the
perf0rnan￿ of the charity's investments (where risk of poor perfO￿nanCe is mitigated by
spreading investments across a number of differerrt funds) and retums received on the
charty's savings account with a view to moving the Charity's cash as appropriate in order to
secure more favourable interest rates.
Reserves Polley
MCT holds reserves for two main reasons. The first is to cover variations in expenditure over
time. IM)ile MCTS annual income is relatively stable, cash expenditure (both capital and
revenue) can often be lumpy in nature. and may not be covered by the income generated in
single year. MCT reserves are invested in a range of financial investments, which generate
income. and cash held with banks. The first element of the charity's reserves policy is to hold
at least enough cash in reserve to cover Iwo yearfs expendtiure. Higher cash balances may
be held ifthe trustees consider that market volatilty might wt capital invested at unacceptable
risk.
The second reason MCT holds reseNes is to build a fijnd for possible fLrtUfe expenditure. The
trustees recognise that the full extent of MCT'S current artivities depends partly on the use of
facilrties at Pigotts, which it does not own and is not responsible for maintaining. Any change
in Circumstan￿ beyond Mcfs control which were to make this impractical or impossible
would require MCT to lay OLrt a signfficant sum to conts'nue its activities in some fomi, e.g. by
hiring venues for a period until a new home Gould be found or the existing facilities repaired or
replaced. The trustees consider the risk of this happening in the short temi as low. but regard
it as prudent to plan for the possibilty in the medium tenn. It is likely that Mcfs reserves
would at that point serve as the 'seed capital, for a majorfund-raising exercise. Since the exact
timing and nature of this possible future expenditure cannot be known, the trustees consider
it prudent not to deem these reserves as designated and thereby restrict their future use. They
do not feel it is prudent at the present time to set an upper limit on the level of reserves. These
funds are held as a mixture of cash. which can be accessed on tenns of up to 90 days, notice,
and inveslments, which can be accessed in a week bul whose value is subject to market
fluctuations.
The ¢harity also holds a violin as a mixed-motive investmerrt.
The trustees aim to spend, on average, an amount equal to the regular income of the charity,
recognising that expendtture may fluctuate from year to year, and that regular income may be
supplemented by one-off donations and legacies. The trustees of MCT review the charity's
reserves policy annually.
The charity holds a 8ur5ary fund, a restricted income reserve, for donations made on the
condition or expectation that the income will be used to help participants of limited means with
the cost of Main Camps and, also, rf the fund allows, Camp weekends. As a general prtnciple,
all Campers are expected to contribute to the cost of Main Camps. The purpose of this fund
is to prevent potential participants from being excluded by abilrty to pay. I￿ere tax is
recoverable on donations made under Gfft ￿d, this will be added to the fund. No bursaries
were made from the fund since 2020, reflecting the limited activrties ts￿n9 pla￿.
As noted above, the charity has a second restricted reserve. for funds to be spent on renewal
of the main bam roof, with any surplus funds being used for other necessary repairs and

MUSIC CAMP TRUST
renewals of facilits'es used prinpjpally by Music Camp.
Tax Status
As a registered charity the charity is able to recover basic rate income tax on donations paid
under Gift by UK taxpayers. A Gift Aid daim of £1.308 relating to Ihe tax year 2020121
(2021: £6.464 relating to 2019120) that was submitted and received in the current period has
been shown as the current period's income. While none of the Gfft reclaim in the current
year related to roof appeal donations, this comprised the majorty- £5,124 - of the 2021 Gift
Aid claim.
Appointment of Indepondent Examiners
As a lower-income Gharity under the thresholds laid out in sections 144 and 145 of the
Charities Act 2011, Music Camp Trust is exempt from the requirement of an audit. While not
strictly ne￿SSary this year as receipts were below the threshold of £25,000, an independerrt
examination of the charity's accounts for the 13 months ended 30 April 2022 has been carried
out as in previous years. The report of the independent examiner is provided on page 9.
Approved by the trustees on ........
11
. and signed on its behalf by..
S Laughton
Chairman

MUSIC CAMP TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSIC CAMP TRUST
l ￿port to the charity trustees on my examination of the accounts of the chaflty for the 13
months ended 30 April 2022, which are set out on pages 9 to 14.
Rosponslbllitbes and basls of report
As Ihe charity trustees of the Trust. you are responsible for the preparation of the accounts
In ac￿rdanCe with the requirements cl the Charities kt 2011 (Ihe Acr).
I report In respect of My examination of the Trust's a￿nts carried wt under section 145 of
the 2011 Act and in carrying out my examination. I have followed the appIl￿ble Diredions
glven by the Charity Commission under sectK)n 145(5)(b) of the Act.
Independent examlnerf5 Statèment
I have wmpletèd my examination. I Confi￿ that no material matters have come lo my
attentson which gives me cause to bdieve Ihat. in any material respeGt:
accounting records wer8 not kept in accordance section 130 ofthe Act,. or
the accounts do not a￿rd with the accounting records.
I have no concems and have come acyoss no other matters in ¢onr*ction the
examlnalion to which attention should be drdwn in order to enable a properunderstanding of
the a￿Ounts to be reached.
Glles Taylor MA Msc ACA
65 Dresden Road, London N19 3BG
Date=

MUSIC CAMP TRUST
RECEIPTS AND PAYMENTS FOR THE 13 MONTHS ENDED 30 APRIL 2022
13 months ended Yearendec
30 April 31 March
2022
2021
Total
Total
fijnds
funds
Notes
Unrestricted Restrtted
fiJr)ds
funds
Recelpts
Donations and ￿g￿¢18S
ReguLqr subscriber donathjns
Other *aC￿ and donations
Fundraising actNities
Gift Aid
6.503
5.557
6.503
6,757
5.884
11.803
1.2CIJ
Charitable actwrtEs
Income from ReUn￿n
Music ban donations
620
620
Investrnents
Bank interest recepied
Other interest receNed
Other investment wome
160
581
10
18
609
162
162
Gr08s Income
14.663
1,200
15,863
25,380
Asset and investment sales
Total recelpts
14663
1.200
15.863
25,380
Payments
Grants
charitab￿ actNities
Fundratsing activitss
Support costs
Administration costs
(4.186) (81.848) (86.034)
(4.881)
(1,653)
13
(1.653)
13
{1,446)
81.848
A88et and investment purchases
(2.322)
(2.322)
{164)
Total payment8
(8.174) (81,848) (90.022)
(6,491
Not of recoipt81{payments)
Transfers between fund¥
Cash funds last year end
6,489 180.648) (74,159)
18.889
44.852
138.470
183.322
164,433
Cash funds this yearond
10
57
163
322

MUSIC CAMP TRUST
STATEMENT OF ASSEfs AND UABILITIES AT 30 APRIL 2022
30 Awil 31 March
2022
2021
Total
Total
funds
fijnds
Notes
Unrestr￿ted ReStr￿ted
nds
funds
Cash funds
Cash at bank and in hand
Notice deposrts (up to 3 months, no￿e>
Total cash funds
19.738
31.603
19,738
29.056
57 822
10
183 322
Other monotsry assets
Debtors
Investment assets
Financial investments
Violin hekl as an investment
114.648
114,648
110.485
135.948
135,948
131 785
Assets rgtained for the charity's
own use
Musical instruments at cost
Music Library at cost
53,677
53.677
53.677
95.951
Llabllti
Creditors
Approved bythe Twstees on.................................. 2022 arKI sKJned on ts behalf.
S LAUGHTON - Chaimian
10

MUSIC CAMP TRUST
NOTES TO ACCOUNTS FOR THE 13 MONTHS ENDED 30 APRIL 2022
Basis of accounting
Charities registsred in England and Wales that are not companies are allo￿￿ under section 133
ofthe Chariti'es Act 2011 to prepare re￿iFts and payments accounts provided the charity's gross
income is not over £250.000. These accounts have been prepared on this basis in accordan
with the guidelines provided by the Charrties Commission.
Receipts and payments accounts are shorter and simpler than the more usual accrual accounts
that must comply wrth the disclosures requirements of company taw and accounting starKlards.
2. Accounting policies
Receipts and payments
Income and expenditure are recognised on a re￿ipts and paymerrts basis, meaning that items
are recorded only when they are received or paid and no attempt is made to match accounting
transactions with the underlying activty taking pla￿ in the period.
b)
Debtors and creditors
Under receipts and payments accounting, there are no debtors or creditors and no
prepayments or accruals. However, were the chanty to grant or receive a long-temi loan, this
would be shown, respectively. as an asset or liabilty.
Inveslrnents
Investments are shown at market value. Finanaal investrnents are shown at the mid-market
price or declared unit price at the end of the period and the change in value is accounted for
as an adjustmerrt to reserves. (This movement is neither shown in the statement or re￿Ipts
and payments nor in the statement of assets and liabilities.) The violin held as an investment
is currently shown at cost because rt missed its first triennial independent valuation in 2021
due to the Covid pandemic. It will be revalued to market value prior to the next year end in
2023.
d)
Assets retalned for the charity's own use
Assets retained for the charity's own use currently comprise musical instruments and the
music library. Assets such as buildings, fixtures. frttings and equipment at Pigotts paid for by
the charity are treated as charitsble expenditure as they are not owned or controlled by the
charity its8￿.
Musical instruments and the music library are shown at cost. as the trustees consider that to
obtain a valuation would be impractical.

MUSIC CAMP TRUST
Charltable activities
2022
2021
Music hire
Krtchen equpment
Marquee
Jubih)o roof repa
Reun•?n costs
Exceptional 'CovKI' grant towards nsurance costs
Barn Roof (roof appeal reStr￿ted fund)
Total
118
879
200
768
2,989
2,856
350
4. Support costs
2022
2021
Subscripttons (Making MUS￿1NFMs)
Insurance
Library statM)nery
Computing costs (accounting software)
Total
365
799
143
793
269
5. Administration costs
2022
2021
AGM expenses
Sundry expenses
Total
13
13
Ralated parti08
There y￿re no out-of-pocket expenses incurred by trustees and reimbursed this year (2021-
£nil).
7. Flnanclal Invèstments
2022
2021
Market value at 31 March 2021
Income reinvested in the year
Revaluation gainl(k)ss)
Market value at 30 April 2022
110,485
88.397
2,382
110485
12

MUSIC CAMP TRUST
8. Violin held a8 investment
2022
2021
C F Langonet V￿lin (at ff￿rket valw)
Total
9. Assets retalned fi)r the charity's tr•m use
usical
Instruments
Musi¢
Llbrary
Total
At 1 Apr￿ 2021
Addit￿n8
Disposals
At 30 April 2022
53.677
39,952
2.322
93.629
2,322
In the previous yearfs accounts of Music Camp Limrted, Ixjildings (cost £12,070, depreciated
value £1,374} and fixiures, fittings and equipment (cost £28,322, depreciated value £3,839} were
shown as c*egories of assets for the charty's own use. ￿se were wrttten off to reserves at the
start of the current period as their retentson wouhj be In￿nSiStenI wrth the assets accounting
policy {2d) above.
10. Restricted funds
2018-19
Cumulatlve
2021-22
Total
201￿20
2021>21
Roof fvjnd brought forward
Receipts in the year
Fundrasing paymerrts
Roof & related payments
76.162
58.636
(2.315)
(￿5)
131.578
6,726
137,954
1,200
76.910
143,472
(2.315)
(350) {81.848} (83.851)
{748)
Roof fijnd carrEd forward
Bursary fund
76.162
131.578
516
137,954
516
57,306
516
57,3C
516
Total restricted funds
The restricted funds have Leen restated on a cash basis. consistent with the new r￿ipts and
payments basis of accounting. This re￿S[tated increasiThJ the roof fund at 31 Marth 2021 by
£225 in respect of an accrual for exF￿ndrtUre that vms incurred in the currerrt year. The roof fund
at 31 March 2021 as previously reported was £137,729 and totsl funds were £138,245.
11. Bam roof amount rncoverable
MCT does not own buiklings, fixtures or ffttings at Pigotts and these are accordingly treated
as expenditure by the Gharity rather than assets of the charrty {see accounting policy 2d).
The bam roof expenditure in the current period is an exceptionally large Instan￿ of this.
Under an agreement signed in December 2020, the owners of Pigotts guaranteed that Music
13

MUSIC CAMP TRUST
Camp could continue to use the bam for a minimum of 7 years from the date the works were
completed {30 June 20211 and would compensate MCT pwata rf the bam be￿me
unavailable during that period.
The amount recoverable at any point in time rf Pigotts ceased to be available to Music Camp
is a contingent asset of the charity. Apportioned by month, the amount that would be
recoverable at 30 April 2022 is 74184ths of the roof appeal expenditure to date, ie 74184 of
£83.851 or £73,869 (2021-
14