MUSIC CAMP TRUST
Charity Number 276270
MUSIC CAMP TRUST
REPORT AND
UNAUDITED ACCOUNTS
30 APIUL 2024

MUSIC CAMP TRUST
REPORT OF THE TRUSTEES
Trustses and key management personnel
S Laughton (Chaiman)
H P N Steinttz (Deputy Chaiman)
R Horrocks
N Jones
l Noonan
R Solomon Imlliams
J Hamilton
C Balston
A Wse (Treasurer)
C Dan$￿n
Principal address
Aquila Lodge,
Dairymede
Speen
Princes Risborough
Buckinghamshire
HP27 OTD
Bankers
Barclays Bank
High ￿¢0MÈ£ (Business Banking)
Lei￿ster
LE87 28B

MUSIC CAMP TRUST
REPORT OF THE TRUSTEES
The trustees present their annual report and actounts for the ¢hanty for the year ended 30 April
2024.
Structure, Govemancè and Management
Music Camp Trust {'MCT or Ihe charity,) is a Charitable Incorporated Organisation (CIO),
charity registered as a body corporate under Part 11 of the Charities Act 2011, chartty number
276270.
The charity has been a CIO since 7 Awtl 2022, having previously been a company limited by
guarantee with charitable status.. Music Camp Limited. company number 01374076, incorporated
on 19 June 1978. The (*tange of name from Music Camp Limrted was approved by special
resolution at a General Meeting of company on 19 January 2022 and the conversion to CIO
status and the adoption ofthe CIO constitution KEre approved at a General MeetirwJ on 29 March
2022.
The new legal status is a simpler arrangement that is more sutted to a small chartty. There is no
requirement to comply with company law or to lojge accounts with Companies House. As a
lower-income charity as defined by s133 of the Charities Art 2011, the charity is also pemirtted
to wepare simplified, receipts and payments, aco)unts.
The constttLrtion is the 'assoaation' mcrfjel constttution, which all¢)ws for voting memters in
addition to trustees as under the previous company structure. The original signatories to tk
company memorandum and artides of assoaation decided that the membership should be kept
to approximately fifty peopFe vtho were GU￿entlY involved with Music Camp activrties (see below).
The trustees oFerate a F(fylicy whereby any members who cease to be involved in Music Camp
are invited to resign, so that their pla￿ may be taken by more active Music Campers. At 30
April 2024 there were 97 members {2023". 96). All those involved wtth Music Camp activities,
whether members or not are encouraged to pay an annual subscriptK>n of an amount of their
Choi￿ to MCT.
The trustee$ manage the affairs of the charity and apwjint new members. There are no
employees and tnjstees recerve no remuneration. The tnjstees have a wide range of skills arKI
experien￿ suttable for their roles. They take the OFerational and strategic decisions in
Consultation with the members. as they c(y)sider approwate.
Objectlves and activitles
The main object of the Charity is to advan￿ education and training of musicians and to
promote the appreaation ofmusic by the public. The prinapal acaivty ofthe charity is the support
ofgenuine amateur music, at Music Camp, an organisation fomied in 1927. Help is gtven through
the provision of facilrties at Pigotts, North Dean. near High WycornL￿, Bu¢kinghamshire, the
home of Music Camp, where musiaans meet lo rehearse. Al those attending pay Iheir way and
no one r￿1Ve$ a fee. MCT provides support by Way of suth matters as the purchase of music,
musi&il instruments and necessary 4uipmenL
The trustees have complied with their duty under section 17(5) of the Chartties Act 2011 to
have regard to public benefit guidan¢% published by the Chartty Commission in exercising
any powers or duties to which the guidance is relevant. Mcfs support of actwrlies at Pigotts
helps to ensure that Campers of all ages and backgrounds benefft from the opportunty to
participate in diverse and ambitious music-making expertences which challenge, educate and
extend their musical knovledge and ats'lty and vthich help them develop their instrumental or

MUSIC CAMP TRUST
vocal technique, repertoire and sight-reading s￿'11s. Participants then use these sllllls to benefft
the other music-making groups to which they bebong across the UK and beyond.
These activities are wovided on a voluntary basis, and they offera cultural, soaal and educational
experience Ihat would be unaffordable to many partieipants rf provided rA)mmercially. Al campers
benefft without restriction, and the only requirement for participats'on is Musi￿1 abilty and a
personal recommendation.
The Elizabeth ￿brary col￿tion corrtains a wide range of sheet music for vocal and instrumentsl
ensembles of all sizes. Most of the colleL#ion is available for use, at no charge, by community
music groups. Borrowers are encouraged to make a donation towards the cost of maintaining the
collection. The library makes an important Contribution to the financial viability of amateur arts
groups in an environment of steeply rising commeraal music hire charges and cuts to public
music library service6.
Review of activities
In a nonnal year, many vEekend and other musical events are organised at Pigotts, the
sU￿$S of vthiGh is partly dependent on the faalities that MCT wovides. The running costs of
each occasion are b)me by those attending. MCT makes a contribution to the cost of the event,
ef(her to redu￿ the overdl cost per head {for example. rf MUSI￿1nstrUMent hire costs are
parti¢)Jlarfy high) or to help individual campers in necessttous cIrcumstsn￿ wrth the cost of
participation. There are no paid staff,. participants organise and run the activiti'es. Works
rehearsed during 2024 over such weekends ranged in scale from a jazzlclose harmony
weekend to large orchestra (Strauss Don Juan and Nielsen Symphony no 3) and including
operas such as Puccini's Fanciulla del West.
Other events included weekends for string orchestra. brass band. choirs. chamber music
groups and Bach cantatas. For younger music campers there were weekends for 'Families
and Music,, junior orchestra, young singers and young chamber music. In addition. in
January 2024, MCT organised the annual Music Camp Reunion, in London, when Dvorak's
stabat Materwas rehearsed, each participant paying a subscription to take part, with any
proceeds going to MCT to support its charitable objectives.
Financial Revlew
The income of the chartty comes from a combination of subscripkn'ons, 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 facilities there. The charity has funded several
wooden buildings at Pigotts, and Pigotts houses MCTS extensive library, music from which is
made available to similar organisations.
Expenditure is therefore made on such things as the provision of music. instruments, and
necessary items, and contributions towards the cost of music hire. the provision of which will
enable those attending to gain more from the experieno. Ownership of such equipment
remains with MCT.
During the year 202&24, MCT continued tts usual expenditure pattem providing financial
support for activities which take place at Pigotts. The charity recorded regular receipts for the
period of £13,232 (2023.. £13,191) wtth outgoings of £3,569 {2023: £6,478) and support costs
of £2,169 {2023'. 2,432). In addition, there were two exceptional items of expenditure in the
year. Support costs include £28,347 for replacing the Klargester and the accompanying water
treatment system. Administration costs indude a fee of £4,200 paid to Savills for an
independent 'red book, {definitive} valuats'on of Pigotts (see below).

MUSIC CAMP TRUST
The proportion of MCT assets held in investments reduced substantially during the year
because the Chartties Ahl Foundation {CAF) decided to close the investment funds in which
the charty was an investor. The IFSL CAF Equty Fund. Fixed Interest fund and Legal &
General CAF UK Equitrack funds were liquidated and a total of £94,290 was transferred to the
charity's current account, with the charity recording a realised loss of £2,818 in the process
{2023'. unrealised gain of £1,959). The remaining investmerts are held for long temi income
and growth, and the fluctuations do not impact Mcfs day to day finances. Mcfs subscription
income has remained unaffected.
Roof and Floor fundraising appeal
In early 2019. the charity launched a fijndraising appeal to renew the 'Main Barn, roof. By
September 2021, the roof had been replaced and several related pieces of work completed
with total expendtture standing at £83,851. At 30 April 2023. the Roof Appeal reserve fund
stood at £57,331 and no expenditure was incurred in the cu￿ent year. However. a new appeal
was launched in 2024 to repair the floor of the bam ('Fix the Floorf). which raised £5,826 Wrth
£2,790 spent on repairs, the remaining £3,036 was added to the Roof (now Roof and Floor,
or 'Barn') restricted fund.
Rlsk Review
The trustees have considered the risks to which the charity is exposed, which mainly concem
potential damage to the library and the instruments owned by MCT, and the vulnerability of
the charity's investments to stock market fluctuations. The trustees are satisfied that il has
taken appropriate and adequate measures to manage these risks, which include having in
place insurance, holding a spread of investments and monitoring investment perfDrynan￿. .
Reserves Policy
The trustees of MCT review the ¢harity's reserves policy annually. MCT holds reserves for two
main reasons. The first is to cover variations in expenditure over time. While Mcfs annual
income is relatively stable, cash expenditure (both Gapital and revenue} can often be lumpy
and may not be covered by the income generated in a single year. To date, the trustees have
aimed to spend, on average. an amount equal to the regular income of the charity, recognising
that expenditure 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 and recognises spending may increase as it fa￿$ additional
spending commitments associated with the proposed purchase of Pigotts.
Secondly, MCT has buitt up arKf held reserves Sin￿ its In￿ptIOn in order to have a fund
available for possible future expendrture, to mrtigate any material change of circumstances
and to allow the activities of MCT to continue. Mcfs reserves would at that point serve as the
'seed capital, for any major required fund-raising exerase. The trustees recognise that the
extent of Mcfs current activities depend part on the use of the facilities available at Pigotts,
which it does not own. In earfy 2023, it became clear that MCT may no longer be able to use
Pigotts for its activities in the fLrture due to the proposed sale of Pigotts by the family that had
generously hosted Music Camp since 1966 sin￿ then a suwroup of the trustees have
played a leading role in canvassing the views of the members of MCT and the wider
communty as well as gathering information from experts Wtthin the community, as well as,
where appropriate. seeking professional advi￿ in order to determine the most appropriate
way fomard. As at September 2024. and sUPPOrted by that extensive research, it was agreed
by the council of MCT to proceed with a proposal to fundraise for and undertake a purchase
of Pigotts. As a result. it is likely that the scope and aGtivtties of the charity are likely to evolve
significantly in the ftrture.

MUSIC CAMP TRUST
The charity also holds a violin as a mixed-motive investment.
As noted above, the charity has a restricted rw6erve for funds to be spent on renewal of the
main barn roof and floor, with any surplus funds being used for other ne￿sSary repairs and
renewals of facilities used principally by Music Camp.
The charity also holds a Bursary fund. This is a restricted income reserve for donations mad6
on the condrtion or expectation that the income will be used to help participants of limited
means with the cost of Main Camps and, rf the fund allows, Camp weekends. No bursaries
have been made from the fund sino 2020.
Tax Status
As a registered charity the charity is able to recover basic rate income tax on donations paid
under Gfft Aid by UK taxpayers. A Gift Aid claim of £1.266, relating to the tax year 2022123
(2022." £1.436 relating to 2021122) was submitted and received in the current year.
Appointment of Independent Examlners
As a loV￿r-In¢0M6 charity under the threshokls laid out in sections 144 and 145 of the
Charities Act 2011, Music Camp Trust is exempt from the requirement of an audit. ￿Th11e not
strictly ne￿SSary this year as receipts were below the threshold of £25,000, an independent
examination of the charity's accounts for the year ended 30 April 2023 has been carried out
as in previous years. The report of the independent examiner is provided on page 7.
Approved by the trustees on ....... ...
. and signed on their behalf by:
S Laughton
Chairn)an

MUSIC CAMP TRUST
INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF MUSIC CAMP TRUST
I report to the charity trustees on my examination of the a(y>Junts of the charity for the year
ended 30 April 2024. whbch are set out on pages 8 to 13.
R•8ponslbllltl•s and bAsI8 of rewt
As the charity trustees of the Trust. y(wJ are responsible for the preparation of the aC￿unts
in accordance with the r4uirements of Ihe Charities Act 2011 ('the Arf).
I reFQrt in re5￿ct of my examination of the Trust's accounts carried out under saction 145 of
the 2011 Act and in carrwng out my examinatM)n. I have followed the aP￿Icable Directions
given by the Charity Commissicffi under section 145(5){bl of the Act.
Ind•pond•nt examlnorfs stat•ment
I have completed my examination. I cx)nfinn that no material matters have come to my
attention whth gives me cause to beKeve that. in any material respèct:
accounting ree(xds were rth kept in ac(xydano ￿ryth section 130 of the Act: or
the a(£¢xJnts do I￿)t a(Y>Jrd with the arxounting records.
I have no concems and have coffe auosg no other matters in Ccffinection the
examination to which attents'on should be drawn in offler to enable a proper understanding of
the accounts to te reached.
Giles Taylor MA M
65 Dresden Road. LoThd￿ N19 38G
Oale..
..2024

MUSIC CAMP TRUST
RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30 APRIL 2024
Notes
2024
Total
funds
2023
Total
funds
Unrestricted Restrrted
funds
funds
Receipts
Donations and ￿gaCleS
ReguLar subscriber donations
Other *ac￿S and donations
Fundraksing actNities
Gfft Avj
5,826
1,497
5.826
7,323
5,934
1,250
5,826
Charitabb actiittEs
Income from Reunk)n
Must¢ ban donat•Jns
3,225
3,225
3,295
Investments
Bank interest receNed
Other interest receNed
178
178
235
178
178
239
Gross income
13,232
5,826
19,058
13,191
Asset and Investmont sales
94,290
94,290
Total rerAipts
107.522
4826
113.348
13.191
Payments
Grants
Charitabb actrrfitEs
Fundraising actpiities
Support costs
Administration costs
(3,569)
(2,790)
(6,359)
(6,478)
(30.516)
(30,516)
(2,432)
231
Asset and Investment purchas
(280)
(280)
(3,022)
Total payments
(38.565
12.790) (41.3551 (12,163)
Net of receiptsi(payments)
Transfers between funds
Cash funds last yearend
68,957
3,036
71.993
1,028
52,344
57,847
110,191
109,163
Cash funds thls year end
10
121301
110 191

MUSIC CAMP TRUST
STATEMENT OF ASSETS AND UABIUTIES AT 30 APRIL 2024
Note
2024
Total
fvnds
2023
Total
funds
Unrestricte Restricte
funds
fiJnds
Cash funds
Cash at bank and in harKI
Notice deposts (up to 3 months, notice)
Totsl cash funds
10
61,462
60.883 122,345 20,530
59 839 89 661
60883 182184 110191
Other rmnetary assets
Debtors
Investm&nt assets
Financial investments
olin held as an investrnent
19.499
19.499 116,607
21 300 21300
40 799 137 907
A888ts retained for the charitys
own use
hJsical instruments at cost
Jsic Library at cost
55,677
55.677 55.677
Liabillties
Creditors
Approved by the trustees on .... ..
. 2024 ar¥J signed on their tehalF.
S LAUGFrroN - Chaimmn

MUSIC CAMP TRUST
NOTES TO AccouKfs FOR THE YEAR ENDED 30 APRIL 2024
Basis of aecounting
Charities registered in ErolarKI and Wales that are not Ctjnpanies are all￿Ned under section 133
ofthe Chartties Ac* 2011 to prepare receipts and payments ac￿Unts kyovided the charity's gross
income rs not over £250,0(KJ. These accounts have keen prepared on this basis in accordance
with the guidelines provided by the Chartties Commission.
Re￿Ipts and payments accounts are shorter and simpler than the more usual accrual acLounts
that must comply wrth the disdosure requirements of ￿MpanY law and accounting standards.
2. Accounting policies
Receipts and payments
Income and expenditure a￿ recognised on a re￿Ipts and payments basis. meaning that items
are recorded only when they are received or paid and no attempt is made to match accounting
transactions with the undedying activty taking pla￿ in the period.
b)
Debtors and creditors
Under re￿Ipts and payments accounting, there are no debtors or creditors and no
prepayments or accruals. However, were the charity to grant or receive a long-term loan, this
would be shown. respedively. as an asset or liabilty.
Investments
Investments are shown at market value. Financial investments are shown at the mid-market
priGe or declared unit pri￿ at the end of the period and the change in value is accounted for
as an adjustment to reserves. (fhis movement is nerther shown in the statement or receipts
and payments nor in the statement of assets and liabilities.) The violin held as an investment
is shown at market value and is independently valued every fve years. Its first valuation was
in April 2021 and it will revalued to market value again prior to the next year end in April
2026.
d)
Assets retained for the charity's use
Assets retained for the chartty's own use ￿[rentlY comprise musical instruments and the
music library. Assets such as buildings, fixtures. ffttings and equipment at Pigotts paid for by
the charity are treated as charrtable expenditure as they are not owned or controlled by the
charity itself.
Musical instruments and the music library are shown at cost, as the trustees consider that to
obtain a valualion would be impractical.
10

MUSIC CAMP TRUST
3. Charitable activities
2024
2023
Contribution to rnus￿ hire at Camps
Kitchen equipment
Marquee
Reunion costs
Piano removals
oustic shElds
Barn floor {roof appeal restrKted fund)
Total
2,8
2,800
149
2,680
474
295
4. Support costs
2024
2023
Subscriptions (Making MusiclNFMS)
Insurance
Library stationery
Comput￿9 costs (ac¢ountNig software)
Kjargester replacement
421
854
870
324
492
360
28,347
Total
5. Adminlstration costs
2024
2023
PvJotts valuatKJn fee
Sundry expenses
Total
4,2(MJ
231
231
Relatod partles
There were no out-of-pocket expenses incurred by trustees and reimbursed this year (prior
year. £nil).
11

MUSIC CAMP TRUST
Financial Invostments
2024
2023
Market value at 30 Pwrd 2023
Proceeds of sales of investments
Revaluation gainl(loss)
ma￿et value at 30 Aprll 2024
116,607
(94,290)
114,648
19 499 116 607
8. Vlolln held as Investment
2024
2023
C F Langonet violwi (at market value)
Total
9. Assets retained for the charity's own use
Musical
MUSIC
Instruments Librdry
Total
At 1 May 2023
Addith)ns
Disposals
At 30 April 2024
55.6TI
43.296
280
98,973
280
10. Restricted funds
Cumulativè
2022-23 2023-24
Total
2018-21
2021-22
Barn fund brought forward
Receipts in the year
Fundrasing payments
Roof & related payments
137,954
1.200
57,306
25
57,331
5,826
142.272
(2,315)
(2,003)
149,323
(2,315)
{2.790) (86,641)
(81,848)
Barn fund carr*d forward
Bursary fund
137.954
516
57,306
516
57,331
516
60,367
516
60,367
516
Total restrthd funds
The 'Fix the Floorf appeal in 2024 has been added to th8 2018 Roof appeal as a 'Bam' restricled
fund.
12

MUSIC CAMP TRUST
11. Barn roof amount rncoverable
MCT does not own buildings. fixtures or ffttings at Pigotts and these are accordingly treated
as expendrture by the charity rather than assets of the chanty (see accounting policy 2d).
The bam roof expenditure was an eX￿ptionallY large instance of this. Under an agreement
signed in December 2020. the owners of Pigotts guaranteed that Music Camp could
continue to use the bam for a minimum of 7 years from the date the works were completed
(30 June 2021) and woukl Compensate MCT ￿rata rf the bam became unavailable during
that period.
The amount recoverable at any point in time rf Pigotts ￿ased 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 2024 is 50184ths of the roof appeal expenditure to date (£83,851), ie
£49,911 (2023: 62184ths, ie £61,890).
13