Docusw Envdcye ID: 2FE12A32-EC7G49FSB22E7A2l Registered number.. 01430784 NORTHERN CHAMBER ORCHESTRA UMITED DIRECTORS, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 BWP Irwlre Ltd
DocuSvJTr Envelo ID: 2FE1W2-Ec7G49FsB2K-A62E7AI21 Northern Chamber Orchestra Limited Directors. Report and Unaudited Financial Statements For The Year Ended 30 June 2022 Page Company Enfomiatitsn Dirertors, Report Accountanvs Report Income and Expenture Accovnt Balance Sheet Notes to the Finanaal Ststements 6-8 The followlng pages do not form part of the statutory attounts.. Detailed Income and Expendfitu Account 9-10
tknwstgn Envelope10.. 2FE12A32.Ec7c49F&B2fj50s2ETAA21 Northern Chamber Orchestra Limited Company Information For The Year Ended 30 June 2022 D4roctors Mrs Naoml Covedey Dr John Bush Mr Conrad Marshall Mr Stephen ThrelFall r Constantine Biller Kate Grfmoldby Mr John Phillips Mr Thomas Philpott Secretary Mr Ronald Graham Company Numb¢r 01430784 Reglstered Offl¢e 53 Bonsall StrEet Manchester M15 6GX Accountants BWP Inspire Ltsl Charter BuikliThJs. 9 Ashton Lane Sale Greater Mandlester M33 6WT Page I
Dowslgn Envetope ID.. 2FE12A32.EC7C49FSB267I2l Northern Chamber Orchestra Llmlted Company No. 01430784 Directors. Report For The Year Ended 30 June 2022 The directors present their port and the finanoal statements for the year ended 30 June 2022. Statement of Directors. Responsibilities The direttors are responsible fvr prepanng the Dirertors, Report and the flnandal statements In accordance wlth applicable law and regulations. Company law require5 the directors to prepare financial stalements for each financial year. Under that law the direttors have elected to prepare the financial statements in accordantr with United Kingdom Generally Accepted Accountlng Prartice (United Kingdom Accounting Standards and appllcable lawl. Under company lasy the directors must not approve the finanaal statements unless thÈy are satisfied that they give a true and fair view of the slate of affairs of the company and of the surplu5 or defiut of the cornparty for that period. In preparing the financial statements the directo¥s are required to: select suitable accounting policies and thefi apply them con5i5tentlyi make judgments and accounting esknmates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company wlll contlnue In business. The direttors a osponslble for keeping adequate accounting records that a suffiuent to show and explain the company's trdnsacbofts and disdose with reasonable accuracy at any time the finanoal po%tion of the cornpany and enable tIrn to ensure that the flnandèl statements comply WFth the Companies Art 2006. They are also responslble lor safeguardlng the assets of the MpanY and hence for raking reasonable steps for the preventson and detect*on of fraud and other 1rregularfe$. Directors The directors who held office during the year wetE as follows.. Mrs Naomi Covedey Dr John Bush Mr Conrad Marshall Mr Stephen Threlfall Mr Constsntine Blller Kate Grimoldby Mr John Phlllips Small Company Rules This report has been ppared in aCC(lan with the sp181 prDVi5ion5 Tek3tsng to companies subjert to the small companies regime viithin Part 15 of the Companies Act 2006. On behalf of the board Mr John Phiuips Direttor 2310112023 page 2
DoSV4n Envelo ID: 2FE12A32Ec7C49FwA69)32E7hA21 Northern Chamber Orchestra Limited Accountant's Report For The Year Ended 30 June 2022 In order to assist you to fulfil your duties under the Companies Art 2006, we have prepared for your approval the financial statements of Northem Chamber Orchestrd Ltmited for the year ended year which comprise the Income Bnd Expenditure Account, the Balance Sheet, and the related not&s from the company's accounting rorts and from lnfomiatr.on and expl4nations you have glven us. A5 a practlslng member firm of the Chartered Instttutè of Management Accountsnts. we are subject to its ethical and other profe55lonal requirements whlch are detailed at http'.Ilwww.clmaglobal.com. Thls report Is mède solely to the dlrettor5 of Northern Chamber OrthesiTa Llmited in accordance wth our terms of engagement. Our work has been undertaken solely to prepare for your approval the finanool ststements of Northwn Chamber Qrchestra Ltmited arsd state those matters that we have agreed to state to the directors of Northem Chamber Orchostra Limited in this report in accordance with the requirements of the Chartered Institute of Mana9ement Accountants s detriled at http.'Ilwww.umaglobal.com. To the fullest extent pern)itted by law, we do rK>t accept or Js5ume re5ponsitm.lity to anyone other than the company and its dlrector for our wi)rk or for this report. It Is your duty to ensure that Northern Chamber Orehe5tra Lirnited has kept adequate accountyng records and to prepa statutory financlal statements that give a true and fair view of the assets. liabilities, finanaal position and profit of Northem Chamber Orchestra mIted. You consider that Northtm Chamber Orthestrn Umltsd Is exempt from the statuttsry èudit requlrement for the year. We have not been In5truLtsd to out an audlt or a review of the finanaal 5tstements of Northern Chamber Orchestra Umlted. For this reason, we have not vertfled the acr or completeness of the accountln9 records or Informatlon an explanatlons you have glven to us and we do not, the10. expTrss any opinion on the statutory flnanclal statements. Slgned 2310112023 8WP Insplre Ltd Charter Buildings, 9 Ashton Lane Sale Greèter Manchester M33 6WT Page 3
Ooajsign Envdop810.. 2FEl2A32C7C49FB2-A6S0M2l Northern Chamber Orchestra Limited Income and Expendlture Account For The Year Ended 30 June 2022 2022 2021 TURNOVER 141,431 (166,513) 116,519 143.438) Cost of 5o1es GROSS (DEFicrri/suRPLUS (2S.082) 73,081 Administrative expenses Other opetBting income (103.5201 102,997 186,7521 40,177 OPERATING (DEFxcrr)/SURPLUS 125,605) 26,506 Other interest rett1vae and similar incorr (DEFicir)IsvitPLUS BEFORE TAXAnoN Tax on (Defiotllsurplus (25.605) 21,109 26,513 {DEFICIT)ISURPLUS AER TAXATIOM BEING (DEFICIT)ISURPLUS FOR THE FINANCIAL YEAR (4.4961 26,513 The notes on gages 6 to 8 fomi part of these finan(ial statements. Page 4
DooJSign Envetope ID.. 2FE12A32c7C49F7AA2l Northern Chamber Orchestra Umited Balance Sheet As at 30 June 2022 2022 2021 FIXED ASSETS TangitAe Assets 12,500 12,500 12.500 12,500 CURRENT ASSETS Stocks 479 479 80 94,366 Debtors Cash at bank ènd In hand 25,146 88.302 113,927 94,925 Cr•ditors: Amounts P•lllng Du• Wlthln On¢ Year (38,494) (14,996) NET CURREPIT ASSETS (LIABILrnES) 75.433 79,929 TOTAL ASSETS LESS CURREprr LIABXLrriEs 87,933 92,429 NET ASSETS 87,933 92,429 Income and Expend61ure Account 87,933 92,429 MEMBERS, FUNDS 87.933 92,429 For the year endlng 30 June 2022 the company was entwed to exèmptlon from audlt under SeOn 477 of the Companles Act 2006 relatlng to small companies, The members have not requlred the company to obtsln an audlt In accordance with sethon 476 of the Companies Att 2006. The dlrectors ackrnowledge thelr resp)nslbllltyts for complylng ¥¥lth the requlrements of the Act wlth respect to accountlng recortls and the preparadon of accounts. These accounts have been ppared In accordance the provlslons appllcable to companles subject to the small companles, reglme. On behalf of the board Mr John Phillips Dlrèttor 2310112023 The notes on pages 6 to 8 form part of these financial statements. Page 5
[kXxSn Erweknp8 ID.. 2FEl2L32.EC7G49F9c-Aw32E7A2l Northern Chamber Orchestra Limited Notes to the Flnancial Statements For The Year Ended 30 June 2022 l. Accounting Polide$ 1.1. Basls of Preparntlon of FinaThci•l Statements The financial statements are pPared under the historical $t convention and in accordan with the FRS 102 Section IA Small Entities - The nancIal Reporting Stsndanl applicable in the UK and Republic of Irelond and the Companies Act 2006. 1.2. Tumov•r mover is measured at the tsir value of the cr¥nslderJtson receed or re1¥able, net of dlscounts and value add•d taxes. Turnover indudes revenue eamed from the sale of 9ood5 and from the renderfng of servlces. Turnover Is reduced for estinat¢d customer retums. rebates and other similar allowan. S•1• of good• Turnover from the sale of goods Is recognlsed when the $19nlficant t1sks an¢J rewards of ownership of the goods has transferred to the buyer. Thls Is usualty at the point that the customer ha5 gned for the dellvery of the goods. Renderlng of Mrvlc Turnover from the rendering 015ervlces Ss recognlsed by reference to the sta9e of completlon of the contract. The stige of completion of a contract Is measured by compadng the costs Incurred for work perfomied to date to the total estlmated contrntt costs. Turnover Is only recwnlsed to the extent of recoverable expenses when the outcome of contract cannot be estlmated rdlably. 1.3. T•nglble Flxed A•Mts •thd D•pred•tlon Tangible flxed assets are mejsvred at cost less accumulated depredation and any accumulatsd Impalmient losses. Depreciètion Is provlded at rates calculated to write off the cost of the flxèd assets, le thelr estymated resldual valuè, over their experted useful Ilve5 on the followln9 bases.. Plant & Machlnery FSxtures & Flttlngs Computsr Equipment 1.4. Stock• •nd Work In Progr• Stocks and work In pro9ress are valued at the lower of c051 and rtret reallsable value after maklng due allowance for obsolete and slow-moving Stocks. Cost Includes all dlrect costs and an apprf>prlate proportlon of ffxed and varlable overheads. Work-ln-progress is reneLted In the accounts on a contrnct by contrart basis by recordin9 turnover and reljted costs as contrart atttvlty prcgresses. 1.5. T•xatSon Income tax expense represents the sum of the tax currenvv vable and deferred tax. The tax currently payable is bosed on tsxable surplus for the year. Thxable surplus Olffers from surplus as reported In the statement of comprehenslwe income because of ite of Income or expense that are taxable or deduthble in other years and items that are never taxable or deductlble. The company's liabillty for cuent tax Is ulculate¢ uslno tax rntes thèt have been e1cted or substsntovely enacted by the end of the rePorn9 pe0d. Doferred ta% is recogni5ed on tSrnlng differences between the carrying amounts of assets and liabilltle5 in the financlal statements and the correspondlng tax bases used in the computation of taxable surplus. Deferred tax Ilabllltie5 are generally recognlsed for all taxable timlng dIffenceS. Deferred tax assets a 9enerally reeogni5ed for all deductible temporary dlfferences to the extent that It is probable that taxable surplus will be avaikible against which those edurtlble tlmlng difterences caTh be utilised. The carrylng amount of deferred tax assets Is vieWed at the end of each reporting perloty an¢J dUCed to the extent that It is no longer probable that suffident taxable surplus wlll be avallable to allow all or part of the asset to be recovered. ngfp.yrpd tay AÉ%rtÉ antl li111£ Itw tax rato< that ar• •ypoCtocI to apply th• p•rfod sn whlrh th• IlabllSty Is settled or the asset rea1¢5ed. bas8J on tsx rates {an¢J tax laws) that have been enarted or substsntlvely ellacted by the end of the reporting peTiod. Deferred tox liabillues are presented within provi510ll5 for liabslities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets refiert the tsx consequences that would follow from the manner in which the Cornpony expects. at the end of the reporting period, to recDver or settle the tarryiDg amount of Its assets and liabilities. Currert or deferrod trx for the year is recognlsed in surplu5 or deftit, except vihen they related to iterns that are cogni5ed other comprehensive income or direcvy in equity, in which case the current and deferred tax is also recognised in other cofflprehersive income or dirediy in equrty respectively. Page 6
Doojsign Env4ope ID.. 2FE12A32Ec7C49FWK-A65A2l Northern Chamber Orchestra Limited Notes to the Financial Statements {continued) For The Year Ended 30 June 2022 2. Average Number of Employees Average number of employees. induding dirertors. during the year was as fdlows: 3 (2021.. 3} 3. T4nglbl• AM•ts Plart & Machin•ry rixiures & ttlng• Computer Equipment Totsl Cost A5 at l July 2021 12.500 1.417 2.139 16,056 A5 at 30 June 2022 12,500 1.417 2,139 16.056 D•pMcl•tlon As at l July 2021 1,417 2,139 3.556 As at 30 June 2022 1.417 2,139 3,556 N•t Book Valu• As at 30 June 2022 12,500 12,500 As at l July 2021 12.500 12,500 2022 2021 Stock - work In progress 479 479 479 479 5. D•btor• 2022 2021 Dué within on• year Trade deblors Prepayments and •c¢rued Income VAT 25,146 (2,964) 420 2,624 2S.146 80 6. Credltors: Amounts Fallln9 Due WIthID On• Ya•r 2022 2021 Trade tredthrs Other taxe5 and social securlty VAT 8,346 4.292 1.668 90 24,098 6,661 5,946 Other creditt>rs Accruals and deferred income 2,387 38,494 14.996 Page 7
Dowsign Envebpe10.. 2FEl2A32c7C49F2697AI21 Northern Chamber Orchestra Limited Notes to the Flnancial Statements {continued) For The Year Ended 30 June 2022 7. Company limited by guarantee The company is limited by guarantee and has no share apital. Every member of the company undertakes to contribute to the assets of the eompany. in the event of a winding UPJ such an amount as may be required not exceeding El. 8. General Inforniation Northern Chamber Orthestra mited a private company. Irmited by guarantee, tncoTrorated in England & Wales. registered number 01430784. The registered Offi 53 Bonsall StreeL Manchester, MIS 6GX. Page 8
tknwsign Envkn ID.. 2FE12K32.EC7c49F&B232EI42l Northern Chamber Orchestra Llmlted Detailed Income and Expenditure Account For The Year Ended 30 June 2022 2022 2021 TURNOVER Sale5 141.431 116,519 cosr OF SALES Purchases (Xher dirert tosts 136,096 30,417 30,430 13,008 (166,513) (43,438) GROSS (DEFICMISVRPLUS {2S.082) 73,081 Administr*ive Experkses Wages and salaries Employers NL Employers penslons - defined contiibutions stheme Staff training Travel expense5 Computer and IT consumables Insurance 76,730 134 1,717 242 257 9,312 1.575 221 11.189 373 58.977 2.556 1,209 69 6,238 1.575 10,480 2.881 482 230 1,025 32 Printing. postage and stationery Advertising and marketing costs TelecoFnmunicatsons Accountancy fee5 Sub5CriPtTrons Bank charges Credit card charges DepreclatSon of fixtures and fittings Sundry expenses 211 780 30 692 57 352 (103.520) 186,7521 Other Operating Income Grants and subsidies rece5ved Other tncome - contributin9 to other operating income Other coronavlns grant Income 94.245 7,580 .172 13,500 26.6ri 102.997 40,177 OPERATING {DEFIcrr)ISURPLUS (25,6051 26,506 other Interest recelvable and slmiiar Iiicome Bank interest reteivable {DEFECIT)/SURPLIIS BEFORE TAXATION (25.605) 26,513 ..Co[NuED P4ge 9
OocuSigTr Envelope ID.. 2FE12A12-Ec7c49F&B26YJAA2l Northern Chamber Orchestra Limited Detailed Income and Expenditure Account (continued) For The Year Ended 30 June 2022 Tax on {Defidt}Isurplu$ OrchestrBI Tax Credit relief (21.109) 21.109 {DEFICIT)ISiIRPLUS AFfER TAXATION BEING (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR (4.496) 26.513 Page 10