Cornpany Reglstration No. 01128463 (England and Wales)
Charlty Reglstration No. 503675
MANCHESTER CAMERATA
LIMITED
CONSOLIDATED ANNUAL REPORT AND FINANACIAL
STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PM+M Solutlons for Buslness LLP
Chartered Accountants
Now Contury House
Greenbank Technology Park
Challonge Way
Blackbum
Lancashlro
BB1 5QB

MANCHESTER CAMERATA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J G Batsleer
CRMonk
MACarr
S J Kennerley
K Gabay
M K Duncalf
S G Pedley
R Ward
V L Makinson
K A Green
S B Dauncey
N Halley
(resign8d 1410112025)
(appointed 14101120251
Chlef Executlv• Offlcer
Mr R Rlley
Socrotary
Ms Rachel DuTkin
Charity numbor (England and Wales
503675
Company number
01128463
Reglstorod office
The Monastery
89 Gorton Lane
Manchestèr
M125WF
Audltor
PM+M Solutions for Business LLP
Naw Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
8B15QB

MANCHESTER CAMERATA LIMITED
CONTENTS
Page
Truste8s' report
Independent auditor's report
7-10
Consolldated statement of financlal actlvltles
11
Group balance sheet
12
Charity balance sheet
13
Group statement of cash flows
14
Notes to the financial statem8nts
15-28

MANCHESTER CAMERATA LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MAY 2024
The trustees present their consolidated annual report and financial statements for the year ended 31 May 2024.
The consolidated accounts represent th8 group - Manchester Camerata Ltd, and Muslc In Mind Remote Ltd
whose purpose is to develop Manchester Camerata's Music and Dementia programme.
The financial statsments have been PTepar8d In accordance with th8 accounting policies set out In not8 1 to the
financial statements and comply wilh the Charity's governing document, the Companies Act 2006, FRS 102 "The
Financial Reporting Standard appllcable in the UK and Republic of Ireland" and the Charltles SORP "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to chanties preparing their accounts in
accordance with the Financlal Reportlng Standard applicable In the UK and Republic of Ireland (FRS 102)"
Chalr's report
2023-24 has been a year of significant growth and Temarkable achievement for Manchester Camerata. As my term
as Chair of thls wonderful organisation comes to an end, I beli8V8 that we are in a stronger position than ever. true
to our vision and heritage but relentlessly innovating In our pursuit of excellence.
My tèrm as Chair was extended in order to see through a transition from Covid and to the appointment of a new
Ch8ir. As I l()ok back on the accomplishrnents of the lasl 12 months, I can see the difference that the board's
strategy Is already making both lo Manchester Camerala1ts8lf and for the diverse audiènces and communities it
serves.
The signlflcant Impact W6 have made has only been posslble thanks to the tlme Ihat the board and senlor team
have previously committed to crafting a clear and compelling long-term vision and strategy.
Those strategic dlscussions and previous investment declslons are now belng translated into impact. We ar8
supporting the next generation of musicians and deliverlng worfd-class cOn￿rt performances and recordings. At the
same time, we are building the Organisation's capacity and continuing to drive positive change in communilies.
Our artistic excellence continu8S to be the hallmark of the organisation, with our muslclans consistently setting new
standards In performance. This year I was delighted to see this recognised through a serl8s of awards and
accolades, accompanl8d by a substantial increasè in national media covérage.
Last year, I wrote about the l)oard's commitment to nurturing the next generation of talent. In 2023-24. we fully
launched the Manch￿ter Camerata 360° Fellowships. generously supported by a major gift from the Ruth Sutton
family trust. This year's intak& of Fellows are making significant contributions across our concerts and community
work, demonstrating the powerful synergy between Manchestèr Camerata's artistic and social misslons.
The organisalion itself continues to grow and 8volve. In 2023-24, we have sèen slgnificant growth in our
communications and marketing efforts, enhancing our abllSly to connect wilh dlverse audiences. Vve have seen
step chang6 In our fundraising too, with an ambitious aspiration and plan now in place to build a £10 million
endowment fund.
Additionally, this year we also celebrated the exciting announcement that Manchester Camerata is to become the
National Centre of Excellence for Music and Dementia. This is testament to the world-leading work we have been
doing In this field for over a decade. Leading the new Natlonal Centre is also helping to transform the skills of our in-
house tearn wlth th8 addition of two senior NHS leaders to the staff team who will complement our 8xlstlng artistlc
capacity with established health expertise.
This has been a year of transformation, growth, and achievemenl for Manchester Camerata, and l am immensely
proud of all that W6 have accomplished. As I step down as Chair, I leave a confident and successful organisation
that is committed to th6 vision and to the values that have guided us to this point. l am confldent that the best is yet
to come.
stove Dauncey, Chalr

MANCHESTER CAMERATA LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MAY 2024
OBJECTIVES AND ACTIVITIES
Publlc beneflt
In shaping our objectlves for the year and planning our activities. the trustge5 have considered the Charity
Commission's guidance on public benefit, including the guidancè 'public benefit.. running a charity {PB21'. We rely on
grants and the income from fees and charges to cover our operating costs. All activities are planned and created
with the needs of our community and public in mind. W8 actlvely engage with underserved and diverse communities
to offer the benef1ts of participation and attendance at OUT activities and lo attend our events. What we offer is non-
exclusive and our work takes place in schools, concert halls, care homes, nlghtclubs, universities, open outdoor
spaces and Io 8 broad rang8 of people. And of notable public benefit in regard to OUT work wlth thos8 living wlth
d8m8ntia, has been the contrlbution ofour assoicated company Music In Mlnd Remote Ltd who are part of this
consolidated annual report and financial statements.
Our Purposo:
To make music for chang8.
Our Prln¢lples:
Humanity, Originality, Excéll8nc8. Fearlessness.
Concerts
Thls year has been partlcularly rich In variety and creativlty. Performance highllghts Include..
Electrifying B88thoven concert at the Iconlc Albert Hall in May 2024.
Hearing Voices, a concert at Stoller Hall working alongside Kantos Chamber Choir and scot￿sh mezzo-soprano
Karen Cargill.
The world premiere of Rushil Ranjan's Shikwa al th8 Bradford Literature Festival,
Successful lour of Romania travelling by coach.
The launch the new artlstic partnerships that wlll shape the next three years of our work.
• A New relationship with dance company, Company Chameleon has further expanded our crèative horlzons.
leading to excltlng collaborations that blend muslc with movement in innovatlv8 ways.
Commencing a Ph.D. project called 'Putting an Orchestra In its Place in partnership with The University of
Manchester.
. The launch of the Camerata 360° Ruth Sutton Fellowshlps, a ploneering programme that Is setting new standards
In talent development.
Communlty
Manchester Camarata exists to make a differénce. In 2023-24, our work has not only deepened our connections
within Greater Man¢hester and beyond but has also underscored our commitment to research4riven impact.
Notable moments from the last year include..
The launch of our leadership of the UK'S National Centre of Excellence for Music and Dementia - which stems
from the impact made by Music in Mind Remote Ltd.
• Successful delivery of our Music in Mind Remote LTD proje¢t, developed in partnership with The University of
Manchester.
Development of the Music Champions model, which involves the transfer of skills from our musicians and
therapists to paid and volunte8r carers.
Our Young Peoples engagement remained strong, with sustained partnerships such as the one with Webster
Primary School and our collaboration with thg Youthzone network.

MANCHESTER CAMERATA LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MAY 2024
Communlcatlon
To have the biggest impact and change tho most Ilves, Manchester Camerata must contlnu8 to tell Its story to the
world. We believe that music is for everyone. and that means we need to connect not just with our existing
audien￿$ but also reach oul to those beyond traditional classical music circlos. A selectlon of achievements across
th8 last year:
• Expansion of the team by welcoming part-tim8 videographer Jay Cipriani and full-time Digital Communications
Manager Reb Everett.
. Our Mozart CD was once agaln named Classic Fm's Record of the Week.
Principal Flute, Amina Hussain. received the prestiglous Association of British Orchestras Award for demonstratlng
the unique power muslc has to improve lives.
Consistent &star reviews frorn major natlonal outlets, including The Times, The Telegraph, and Th8 Guardlan.
Performing live to over 35,000 people and 1 million online.
Reaching over 1 million more through our digital channels.
The laun¢h of our Centre of Excellence for Music and Dem8nlla resulted In the largest largest volume of pr6ss
coverage for one piece of aclSvlty to date. Wlth over 150 pieces of press coverage, includlng natSonal TV features,
N8wspaper and online coverage.
Fantastic co118Ction of audl8nce feedback both online and via OUT audi8nc8 survèy. Comments include.. 'Absolutely
amazingl Moved to tears in places and fllled with joy in othersl Please tour with it agaln. I'd be back in a heartbeat.,
'Wow.. Beautlful arrangements of the Orchestra by bringing in the best out of the Desh raga.,
Lots, of effort gone In
Great team.. Each one of you In the team has brought the best to this world through thls creatlon"
Govornancg
Robust governance provldes the bedrock for all of Manchester Camerata's work. ensuring that there Is the stability
and leadership essential for our team's success. A summary of some key actlvltles Is..
Extensive work around succession planning with our longstanding Chair, Steph8n Dauncey. due to slep down
having been in post since 2017.
Long-sèrning Finance Manager, Chris Pearson, stèpplng down to r6tire and welcomlng Rachel Durkin as our new
Finance Manager.
• An In depth and informed debate around tha m8rils and risks of our contlnulng work In Saudi Arabl8
Fundralslng
Impact driven donations which underpin all of our work are key to ¢)ur financial existence and significant highlights
were..
The Rulh Sutton Trust for Music supporting career musicians who are benefiting from holistic support to
develop their craft. The family of Ruth Sutton founded the Manchester Camerats 360° Ruth Sutton Fellowship In
Ruth's memory. The inaugural fellowships were awarded in 2023-24, ensuring enormous benefits to the
organisation, audiences, communities and our organisation.
New and ongoing support for mLbsician chairs, including from Kaihy Arundale (Anthony Banks and Daniel
Storer), John Caine (Janet Fulton), Penny & John Early (Caroline Petherl,Michael Grindrod (Carollne Pether), Ron
and Jill Robinson (Hannah Roberts), Gill Williamson (Sophie McQueen).
A hyo fold thanks to the Utley Foundation for proving support over the next 3 years to support our leadership.
In addition they are also one of a group of supporters who are contributing to the establishment of the new National
Centre of Excellence for Music and Dementia.
Plan to build a £10 million Future Fund to provide for the impact our organisation mak65 long Inlo the future.
An increase staff capacity and our new Customer Relatlonship Management (CRM) system. Beacon, thanks lo
a generous legacy donation.

MANCHESTER CAMERATA LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MAY 2024
The launch of the Director's Clrcla, a group of strategic philanthropists sUPPOrting Gabor's artistic vision and
projects like Mozart, Made in Manchester. Mambérs include John and Penny Early. Michael and Kathryn Reeves.
Ron and Jill Robinson. Geoffrey and Gay Shindler, DT David Shr8eve and Anonymous Donors.
The introduction of Camerats50, a direct debiuregular giving scheme for unrestricted support.
Our Strategy
We will be guided by our three prlorit18s= Sustainlng growth and impact, nurturing talent, and brlnglng Innovation.
Buildlng upon the activity areas above we will use the KPIS ouuined within our Strategic Plan 23-26. Thls wlll include
securing multiyear funding. ensuring the success of our inaugural Camerata 360° Ruth Sutton Fellowship, and
conllnued growth and impact of Music in Mlnd. Essential lo achieving this will be maintaining and building a roster
of diverse artistic partners and venues as well as capltallsing on our strong working relationship with OUT colleagues
at The University of Manchester.
Investment powers and pollcy
The trustees, having regard lo the Ilquldlty requirements of operatlng the charlty, have kept available funds In an
interest-bearing deposit account. Sufficiènt funds to run the company on a day-lo-day basls are held in a Natwest
current account.
R•s8Th08 pollcy and golng ¢on¢ern
The purpose of the Reserves pollcy is to ensure tho Board has a clear understanding of the total unrestricted cash
reserves, available at any point, and to provlde transparency to funders and the public aboul how the Camerata
intends to manage them.
The board's assessment of requlred res8rves at any time takes into account..
'Wlnd-up costs'_ an amount sufficient to cover 6 months of our contractual obllgations to beneficlarl85 and
other contractual obllgatlons such as staff salaries.
Oeslgnated fvJnds- funds which are 8amiark8d for a speclfic charitable purpose and agreed by the board.
Free reserves- funds which are not part of either of the at)ove and are therefore 'free'.
As of 1st June 2024 designated funds to support key areas of Priority were agreed, and wind up costs were
det8rmlned to be £285k. The remainlng unreslrictèd funds were considered modest free cash rèserves suffici8nt to
cover in year budget varlances and any potentl81 downturn in the coming years earned income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
Manchester Camerata is a company limSted by shares governed by its memorandum and articles of association
dated 23 July 1973. It is registered as a charity with the Charity Commission.
Recrultmènt and appolntment of new trustees
A board development framework is used to identify skills and knowledge gaps on the board, and Ihe processes by
which we go about finding new trustees who can fulfil those gaps.
New trustees are introduced to the existing trustees by the Chair and a Simple vote is laken by the Board to offer a
position to the proposed new trustee.

MANCHESTER CAMERATA LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MAY 2024
Trustee Indu¢tlon and tralnlng
New trustees undergo an orientation to brief them on.. their legal obligations under charity and company law, the
Charity Commission guldance on public benefit. and inform them of the content of th8 Memorandum and Articles of
Association, the Board and decislon-making processes, the business plan and recent financial performance of the
charity. OuTing the inductlon Ihey meet key employees and other trustees. Trustees are encouraged to attend
appropriate external training evenls where these will facllState the undertaking of their rol8.
Organlsatlonal structure
The board of trustees, which must have at least Iwo members, administers the charlty. The board normally meets
quarterly and there are working groups covering development, artistic delivery, and Camerata in the Community. A
Chief Ex8CUtIv6 is appointed by the trusl8es to manage the day-to-day operations of the charity. To facililale
effective operations, the Chief Executive has delegated authority. wlthin lerms of delegation approved by the
trustees, for operational matters including finance. employm8nl and artistic performance relaled activity.
A hjll list of tTusl8es along wlth the admlnstratlon details can be found on th6 legal and admlnstration page.
Related partles
None of our trust88s receive remuneration or other benefit from their work wlth the charlty. Any connection b8tween
a trustee or senior managèr of the charity with a productlon company, contracted aGtor, performer or exhlbitor must
be d15closed lo the full board of trustees in the same way as any other contractual relationship wlth a r8laled party.
In the current year no such related party transactions were reported. The oharity has a cloge relationship wlth the
Arts Council England and Greater Manchester Comblnèd Authorlty
Pay pollcy for senlor stsff
The directors consider the board of directors. who are the charity's trustees, and th8 $8nlor management team
comprise the key m8n8gement P8rsonnel of the charity in charg8 of dSrecling and controlling, running and operating
the company on a day-to-day basis. All diréctors glve of their time freely and no director received femuneration In
the year. Details of director5, expenses and related party transactions are disclosed in note 21 to Ihe accounts. The
pay of the senior staff is reviewed annually. In view of the nature of th8 charity, the directors benchmark againsl pay
levels in other Orchestral organisations of a simllar size run on a voluntary basls.
Rlsk managomonl
The trustses have a risk management strategy which comprise5:
an annual review of the princlpal risks and uncertainties that the charity faces upon agreeing its forthcoming
annual budget.
the establishment of policies, systems and procedures to mitigate those risks identified in the annual review,. and
- the implementation of procedures designed to mlnlmSse or manage any po18ntial impact on the charity should
those risks materialise.
Overvlew of flnanclal performanco and golng concem
Our income for 2024 (£2.4rn) is comparable to that achieved in 2023 (£2.2m). But within this headline there is some
Variance. Our subsidiary company. Muslc in Mind Remote Limited. received substantial grant funding as reported in
note 4 to the financial statements amountlng to £646k (2023.. £96k}. It is this funding that has allowed us to deliver
the Music in Mind Remote Limited project as described more fully in the Community narrative earlier in this report.
However the income Manchester Camerata Limited earned from engagement decreased from £1.2m to £0.5m.
again as disclosed in note 4 to the financial statements. This reflects the incredibly difficult conditions orchestras
and freelance musicians specifically are facing, and these conditions continue stlll with no signs of reversal.

MANCHESTER CAMERATA LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 MAY 2024
Recognlsing these difficult conditions and mindful of our objectives. the trustees took the decision to reduce
reserves to allow the orchèstfa to continue its valuable work, both as performers and wlthSn the community.
As a result W8 are recording a deficit for th8 year of £234k.
Our balance sheet (for the charity and the group, Including Music in Mind Remote Limited) remains strong, with net
assets of £743k (charity) and £782k (group). Th6 truste8s consid8r that adequate resources continue to be
available lo fund the actlvitles of the charity and the group (including Music in Mind Remote Limited) for the
foreseeable future. On this basis the trustees are of the opinion that the charity and the group il heads is a going
concern.
statement of rosponslbllltles
Th8 trustees, who are also the directors of Manchester Camerata Limited for the purpose of company law, are
responsible for preparing th8 Report and lh8 financial statements in accordance with applicable law and United
Klngdom Accounting Standards (United Klngdom G8nerally Accepted Accounting Practlcel.
Company law requires the trustees to prepare flnanclal statements for each financlal year which glv8 a true and falr
view of thè state of affairs of Ihe charity and of the incoming resources and application of resources, including the
income and expenditure. of the charllable company for that year.
In preparing these financlal statements, the trustees are requlred lo..
select suitable accounting policies and then apply them consistently;
observe th8 methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent..
state whether applicable UK Accounting Standards have been followed. subject to any materlal departures
dlsclosed and explained in the financlal ststements., and
prepare the financial statements on th8 going concern basis unless It18 Inappropriate trj pr8sum8 that th8 charlty
wlll ¢ontinue In operation.
The trustees are responsible for keeping adequate accounting records thal disclose with reasonable accuracy at
any time the flnanclal position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responslble for safeguarding the assets of the charity and h8nce for taklng
reasonable steps for the prevention end detection of fraud and other irregularities.
Audltor
In a¢cordance wlth the company's artlcles, a resolution proposlng that PM+M Solutlons for Business LLP be
reappointed as auditor of the company will be put at a General Meeting.
The report was approved by the Board of Trustees.
C Monk
Dat8..
6 Éb

MANCHESTER CAMERATA LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF MANCHESTER CAMERATA LIMITED
Oplnlon
We have audited the financial stat8m8nts of Manchester Camerata (the 'the 'Charity') for the year ended 31 May
2024 whlch compromise the Consolidated statement of financial activities, the Consolidated and Charity balance
sheets, the Consolidated cash flows antJ notes to the financial statements, including significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accountlng Siandards, including Financial Reporting Standard 102 The Fin8ncial Rgporting Stand8rd applicable in
the UK and Republic of Irgland (United Kingdom Generally Accepted Accounting Practice).
In OUT opinion, the financlal statements:
give a true and fair view of the state of the charitable companls affairs a5 at 31 May 2024 and of Incomlng
resourc85 and applicalion of resources, for the year then ended.,
have been properly prepared In accordance with Unitsd Klngdom Generally Accepted Accountlng Pracllce.
and
have bèan prepared In accordance with the requirements of th8 Companies Act 2006.
Basls for oplnlon
Vve conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS (UKI) and applicablè
law. Our r8sponsibilitles under those standards are furthef described in the Auditors ￿SpOnsibl11110S for the audit of
the financial statemènts saction of our report. We are independent of the charity in accordance wlth the ethical
requlrements that are relevant to our audit of the financial ststements In the UK, including the FRC'S Elhlcal
Stsndard, and we have fulfilled our other ethi¢al responsSbi1Sties In accordance with these requirements. We believe
that the audit evidence we hav8 obtained 18 sufficient and approprlat8 to provlde a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the use of the golng concern basis of accounting In the
preparation of the financial statements is appTOPTlate.
Based on the work we have performéd, we have not identified any material un¢ert8inties r6lallng lo events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a perlod of at least twelv8 months from when the fin8nci81 statemènts are aulhorlsed for Issue.
Our responsibilities and the responslbilities of the trustees wllh respect to going concem aTe described In the
r818vant sections of thls report.
other Inforniatlon
Thé oth8r information comprises the information Included In the annual report other than the flnancial statements
and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the f1nancial statements does not cover the other information and we do not express 8ny form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the financial statèments or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we idents'fy such rnaterial inconsistencies
or apparent matérlal misstatements, we 8r8 required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude Ihat there is a
material mlsslatement of this other infomiatlon, w8 are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Chariles (Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion-
the information given in the financial statements is inconsistent in any matsTial respect wlth the report. or
sufficient accounting records have not been kept- or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanatlons we require for our audit.

MANCHESTER CAMERATA LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MANCHESTER CAMERATA LIMITED
Responsibllltles of trustees
As explained more fully In the statsment of responsibilities, the trustees, who are also the directors of the charity for
the purpose of company law, are responsible for the preparation of the financial statements and for being satlsfied
that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable thg
preparation of financial statements that are free from material misstatement, whelher due to fraud or error. In
preparing the financial statements, th8 trustees are responsible for assessing the charity's ability to continue as
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unlèss tha truslees either intènd to liquidale the charitable company or to Cease operations, or have no
realistic alternative but to do so.
Audltor's responslbllltles for the audlt of the flnanclal Statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulatlons made or havlng effèct therèund8r.
Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that Includes our opinion.
Reasonablé assurance is a high level of assurancè but Is not a guarantee that an audlt conducted in accordance
with ISAS (UK) will always delect a material misstatement when it exists. Misststements can arlse from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economlc decisions of users taken on the basls of these financial statèments.
Extont to whlch tho audlt was con8ld•r•d eapablo of dètèctlng Irregularltlos, Includlng fraud
Irregularltles, includlng fraud, are instances of non-compliance with laws and regulations. We design procedures in
Iln8 Wlth our responslbilitl85, Outlined abov8, to detsct materlal misstatements In respect of irregularitlès, including
fraud. The extenl to which our procedures are capable of detecting irregularities, including fraud, is delailed below,
We identify and assess the risks of material misstatement of the financial statements. whethèr due to fraud or grror,
and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is
sufficient and appropriate to Provide a basis for our opinlon.

MANCHESTER CAMERATA LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MANCHESTER CAMERATA LIMITED
Identlfylng and ass•sslng potentlal rlsks related to Irregularltl88
In identifying and assessing risks of material mi5Statement in respect of irregularities. including fraud and non-
compliance wlth laws and regulalions, we have consldered th8 following:
the nature of the industry and sector, control envlronment and business performance including the de51gn
of the Charity's remuneration policies, key drivers for dlr8Ctors' r&muneration, bonus levels and
performance targets.,
results of our enquines of management 81)out thèir own idenlification and assessment of the risks of
irregularities.,
any matters we Identified having obtain8d and revlewed the Charity's documentation of thgir policiés and
procedures relating to:
identifying, evaluating and complylng with laws and regulatlons and whether they were aware of
any instances of non-compllanc8-
det8ctlng and responding to the ri8ks of fraud and wh8th8r they have knowledge of any actual,
suspected or alleged fraud.,
the intemal controls established io mltlgat8 risks of fraud or non-compliance with laws and
r8gulatlons',
the matters discussed among the audlt engagement team includlng slgnlficant component audit
teams and involving relevant specialists regarding how and where fraud might occur in the
financial sl8lements and any potentlal indicators of fraud.
As a result of thesè procedures, we considered the opportunities and incentiv8s that may exlst withln the
organisation for fraud and identified the greatest potential for fraud in the following areas-. timing of recognition of
commercial Income, posting of unusual journals and complex transactions; and manipLJlaling the Charity's
performance profit measures and other key performance indicators to meet remuneration targels and externally
communicated targets. In common wlth all audits under ISAS (UK), we are also required to perform spèclfic
procedures lo respond to the risk of management overrlde.
We also obtalned an understsnding of the legal and regulatory frameworks Ihat the Charity operates In, focuslng on
provisions of those laws and regulations that had a direct effect on the determlnalion of material amounls and
disclosures In the financial stat8m8nts. The key laws and regulations we considered in Ihis context included UK
Companiès Act, Charities Act, employment Igw, health and safety regulations, pensions legislation and tax
legislation.

MANCHESTER CAMERATA LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF MANCHESTER CAMERATA LIMITED
Audlt response to rlsks Identifièd
Our procedures to respond to rlsks id8ntified Included the following..
reviewing Ihe financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financlal statem6nts',
enquiring of managemenl concerning actual and potential litigatlon and claims;
Performing analytlcal procedures to identify any unusual or unexpected relationships that may indlcate risks
of material misstatement due to fraud;
readlng minutes of meetings of those Charged with governance and revlgwlng correspondence with HMRC,.
and
in addressing the Idèntifiéd rlsks of fraud through management override of controls, testing the
appropriateness of journal entries and other adjustments,. assessing whether the judgements made in
making accounting estimates are indicatlve of a pot6nlSal bias: and evaluating the business ratlonale of any
significant transactions that are unusual or outside the normal course of business.
Owing to the Inherent Ilmltatlons of an audlt, there is an unavold8b18 risk that we may not have détècted some
material misstatements In the flnanclal slatements, even though we have properly planned and performed our audit
in accordance with audltlng standards. For ex8mple, the further removed non-compliance with18ws and r8gulations
(Irregularitl8sI is from the events and transactSons reflected in the financlal statements, the less likely the inherently
limited procedures required by aucliting standards would identsfy it. In addltion, as with any audil, thère remalned
higher risk of non46tection of irre9ularities, as these may Involv8 collusion, forgery, intentional omissions,
misrepresentstions, or the override of internal controls. We are not responslble for pr&venting non-complianc8 and
cannot b8 8xpectsd to detsct non-compliance with all laws and regulatlons.
A further description of our responslbllltles Is 8vallabl8 on the Flnanclal Reporting Council's webslte at: https',11
www.frc.org.uklauditorsr8sponsibililies. This descrlptlon forms part of our auditor's report.
Uso of our report
This report is made $018ly to the charlty's trustees, as a body, In 8ccordance with Part 4 of the Charit1&8 (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we rnlght stste to the charity's trustees
thos• matters we are required to state to them in an auditor's report and for no other purpose. To thè fullest extent
pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work, for Ihis report, or for the opinions we have formed.
UR
Cerl Dlxon Bsc IHons) FCA (Senlor Statutory Audltor)
For and on behalf of PM+M Solutions for 8uslness LLP, Statutory Auditor
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB15QB
Date.. 6.F.ebruary2025
PM+M Solutlons for Business LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
10-

MANCHESTER CAMERATA LIMITED
CONSOLIDATED STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THEYEAR ENDED 31 MAY 2024
Unrestricted R8Strlctod
funds
funds
2024
2024
Totsl Unrestrictsd Restrlcted
funds
funds
2023
2023
Totsl
2024
2023
Not88
Income frorn:
Donations legacies and
grants
Charltable actlvltles
Box office income -
promotions
Engagem8nls
Learning and
participation
Sponsorships
Inv8slm8nts
Other income
1,420,474
1,420,474
713,269
713,269
SS,030
422,634
55,030
422,634
114.598
1,043,428
114,598
1.043,428
322,940
322,940
244,471
6,000
3,480
32,079
244,471
6,000
3,480
32,079
8,742
14,160
8,742
14,160
Total Income
2,243,980
2,243,980
2,157,325
2,157,325
Expendlture on:
Raising funds
Charitable actlvSties
90,496
2,290,625
90,496
2,290,625
84,035
1,867,755
84,035
33,000 1,900,755
Total oxpendltur•
2.381,121
2,381,121
1,951,790
33,000 1,984,790
Net Incomel(oxpendlture) and
movem•nt In funds
(137,1411
205,535
(33,0001
172,535
Surplusl(deflclt)
attrlbutable to th8
owners of the parent
Surplusl(deflcll)
attrlbutable to NCI
(158,533)
1158,5331
210,701
(33.000)
177,701
21,392
21,392
(5,1661
(5,166}
(137,141)
{137,141)
205,535
(33,000)
172,535
Reconclllatlon of funds:
Fund balances at 1 June 2023
916,615
2,914
919,529
711,080
35.914
746,994
Fund balan¢e8 at 31 May 2024
779,474
2,914
782.388
916,615
2,914
919,529
Total fund attributsble to the
owners of the parent
755,248
2,914
758,162
913,781
2.914
916,695
Total funds attrlbutable to NCI
24,226
24,226
2,834
2,834
779.474
2,914
782,388
916,615
2914
919.529
The slalement of financial activiti95 includes all galns and losses recognised in the year. All income and expenditure
derive from contlnuing activities.
11

MANCHESTER CAMERATA LIMITED
GROUP BALANCE SHEET
AS AT 31 MAY 2024
2024
2023
Notes
Flxed assets
Intangible assets
Tangible assets
12
13
78,564
11,657
7,548
12,715
90,221
20,263
Currenl assets
Debtors
Cash at bank and In hand
15
312,234
661.466
207,692
1,017,910
973,700
1,225.602
Cr•dltors: amounts falllng due wlthln
ono yoar
16
(281,5331
(326,336)
Not currant assets
692.167
899,266
Total assotsloss current liabllltle
782,388
919,529
The fund8 of the charlty
Share capital
Restricted incom8 funds
Unrestricted funds
Non-controlling interest
100
2,914
755,148
24,226
100
2,914
913,781
2,734
18
19
19
782,388
919,529
6 2￿￿-
The financlal statements were approved by th8 trustees on ........... .
C Monk
Company registration number 01128463 (England and Wales)
12-

MANCHESTER CAMERATA LIMITED
CHARITY BALANCE SHEET
AS AT 31 MAY 2024
2024
2023
Notes
Flxed assets
Tanglble assets
Investment
13
14
8,853
32,000
9,159
32,000
40,853
41,159
Current assots
Deblors
Cash at bank and in hand
15
364,713
567,683
131,035
883.065
932,396
1,014,100
Crédltors: amounts falllng due wlthln
one year
16
1230,709
(78,673)
Nel current assets
701,687
935,427
Not asset•
742,540
976,586
Income funds
Restricted funds
Unrestricted funds
Shar8 capital
2,914
739,526
100
2,914
973,572
100
19
742,540
2,914
The financial statements were approved by the Trustees on
C Monk
Trustee
Company reglstratlon numbor 01128463
The consolldated accounts of th8 Group include the flnanGial statements of the charity and its $ubsldlary
undertaking for Ihe year ended 31 May 2024. A separate Statement of Financial Activities for the charity has not
been presented becausè the subsldlary has taken advantage of exemption by section 408 of the Companies Act
2006.
Th8 deficit of the charity for the year ended 31 May 2024 was £234,147 (2023.. surplus £237,593).
13-

MANCHESTER CAMERATA LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2024
2024
2023
Notes
Cash flows from operaling activities
Cash (absorbed byygenerated from
operations
22
(284,323)
286.377
Investlng a¢tlvltles
Purchase of intanglble assets
Purchase of tangible fixed assets
(75,3361
15,5271
18,470)
Not cash used In Investlng actlvltle8
180.8631
18,470)
Flnanclng actlvltlos
Interest received
8,742
3,482
Net cash genorated from financlng
actlvltl•s
,742
3,482
Net (decreas•)Iln¢rease In cash and cash
equivalents
(356,444)
281,389
Cash and cash equlvalents at beginnlng of year
1,017,910
736,521
Cash and cash equlvalents at Qnd of yéar
661,466
1,017,910
14-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Ac¢ounllng pollcies
Charity Information
Manchester Camerats Limited is a private company Ilmlted by shares Incorporated in England and Wales. The
registered office 15 The Monastery, 89 Gorton Lane, Manchester, M12 5WF.
1.1 Accountlng convention
The financial statements have beèn prepar8d in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 'The Financial Reporting Standartl applicable In the UK and Republic of
Ireland" and the Charltles SORP 'Accounting and Reportlng by Charities.. Statement of Recomm8nded
Practice applicable to charltles preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" The charlty is a Public Benefit Entity as defined by
FRS 102.
The financlal statements are prepared in sterling, which Is the fun¢tlonal currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financlal statements have been prepared under the historical cost convention. The principal accountlng
policies adopted are sel out below.
Group flnanclal statement
The financial statemants consolldat8 the results of the charitable company and its trading subsldiary, Muslc In
Mind Remote Limited, In whlch It has an 80Yo controlling interest.
A separate slatem8nt of financlal actlvltl8s and Income and expenditure account for the charlty h8s not been
presented because the charity has takèn advantag8 of the exempllon afforded by section 408 of the
Companle$ Act 2006.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the flnancial statements.
1.3 Charltable funds
Unr6stricted funds are available for use at the discretion of the trustees In furth6rance of their charitable
objectives.
Restricted funds are subject to Specific conditions by donots or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any perfomance condltions have been met.
the amounts can be measured rellably, and it is probable that income will be received.
Cash donation8 are recognised on receipt. Other donations are recognlsed once the charity has been notified
of the donation, unless performance conditions require deferral of the arnount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othèmise if the charity has been notifled of an Impending dlstrlbution,
the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Income received in advance of events and engagements or the provision of other specified services is
deferred until the event is held or service is provided.
15-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Accountlng pollclos
(Contlnued)
1.5 Expendlture
Expenditure is recognised once there Is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligallon can be measured reliably.
Expendltur8 is classif18d by activity. The costs of 8ach activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Dlrect costs attributable to a single
activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and
5UPPOrt costs which are not attributable to a single actlvlty are apportioned between those activities on a basis
consistent with the use of resources. Central staff cosls are allocated on the basis of tim8 spent, and
depreciation charges are allocatsd on the portlon of the asset's use.
Allocatlon and apportlonmont of costs
Expendlture whlch is charged on an accrual basls Is allocaled between:
expenditure incurred directly in the fulfilm8nt of the charity's objectives (direct charitable)
6XP8nditure incurred directly In the effort to raise voluntary contribullon (fundraising and publicity):
and
expenditure incurred In the managements and admlnlstration of the charity
Support costs are allocated to a partlcular activity.
1.6 Intanglble flxed assets othgr than goodwlll
Intangible assets acquired separately from a buslness are recognlsed at cost and a￿ subsequently measured
at cost le55 accumulated amortisallon and accumulated irnpairment losses.
Amortlsatlon Is r8cognls8d so as to write off the cost or valuatlon of assets less their residual values over thelr
useful lives on the following bases..
W8bsite Development
100/0 stralght Ilne
1.7 Tangiblo flxed as80ts
Tangible fixed assets are initially measured at cost and subsequently measured at Cost or valuatlon, net of
depr8ciatlon and any impairment losses.
Depreciation is recogni5ed so as to write off the cost or valuation of assets less their rèsidual valu8s over their
useful Iiv8s on the followlng bases..
Fixluras, fittings and computers
Software
33.3Yo on cost
33.3Vo on cost
The gain or loss arlslng on the disposal of an asset Is d8t8rmlned as the difference between the sale proc8eds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.8 Impalrment of flxed assets
At each reporting énd date, Ihe charity reviews the carrying amounts of its tangible and intangible assets to
determine whether there is any indication that those assets have suffered an impairment Ioss. If any such
indicalion exists, the recoverable amount of the assel Is estimated in order to determine the extent of the
impaimient Ios5 (rf any).
16-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Aceountlng pollcles
{Contlnued>
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short-term Ilquld
investments with original maturitles of three months or less, and bank overdrafts. Bank overdrafts are shown
wlthin borrowings in current liabilities.
1.10 Flnanelal Instrumonts
The charity has elected io apply the provisions of SectSon 11 'Baslc Flnancial Instruments, and Section 12
'Oth8r Financi81 Instruments Issues, of FRS 102 to all of its financlal instruments.
Financial instruments are recognised in the charity's balance sheet when th8 charity becomes party to the
contractual provisions of the instrument.
Financial assets and Ilabllltles are offset, with the net amounts pres8nted In the flnancial statements, when
th6r8 Is a legally enforceable right to set off the recognised amounts and there Is an Intentlon to S8tt18 on a net
basis or to r8alls8 the asset and settle the liability simultaneously.
Bas1¢ flnanclal assets
Basic financial assets, whi¢h include debtors and cash and bank balances, are initially measured at
transactlon price including transaction costs and are subsequently carried at amortised cost using thè 8ffectlve
interest method unl8SS th8 arrangement conslitules a financing transaction, where the Irans8¢tion Is
measured at the present value of thè future recelpts discounted at a markèt rate of Inter8sI. Flnancial assets
lassified as receivable within one year are not amortised.
Baslc financlal Ilabllltles
Basic financial Ilabllilles, IncludSng creditors are initially recognis8d at transaction price unless thé
arrangement constitutes a financing transaction, where the debt instrument is measured at th& present value
of the future payments discounted at a market Tate of interest. Financial liabilities classified as payable within
one year are not amortls8d.
Debt Instrumènts ar8 subsequently carried at amortised cost, using th8 effectSve Interest rate method.
Trade creditors are obligations to pay for goods or s8rvlces that h8ve been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabS1ities if payment Is dug within on8
year or less. If not, they are pres8nt8d as non-current liabllilles. Trade creditors are recognised inltially at
transactlon prlce and subsequently measured at 8mortlS8d cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltlos
Financial liabilities are derecognlsed when the charity's contractual obligations 8xpire or are discharged or
cancelled.
1.11 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period In which Ihe employ88's s8rvlces are
received.
Temiination benefits are recognised immediately as an expense when the charity Is demonstrably comm1tt8d
to temiinate the employment of an employee or lo provide termination benefits.
17

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Crltlcal accountlng oStImat￿ and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to b8 relevant. Actual results may differ from thes8 85tlmat8S.
The estimat8s and underlying assumptlons are revlewed on an ongoing basls. Revl$lons to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future p8riods where the revision affects both current and future
perlods.
We do not believe there to be any accountlng estimates or judgements that would materially aff8Ct the
financial 5tat6m8nls.
Incom• from donatlons and1ogacle3
Unrgstri¢ted
funds
2024
Unrèstrlcted
funds
2023
Donations
Grants
other
514,389
881,487
24,598
375,249
338,020
1,420,474
713,269
Grants recalv•d, Included In the above are as follows
Arts Council of England
Manchester Authoritias
GMCA
CCG
UKRI
159,752
5,000
70,700
240.000
406,035
159,504
20,000
62,540
95,976
881,487
338,020
Of the above grants totalling £646,033 relate to Muslc in Mind Remote Ltd
(2023- £95,976).
18

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Income from charltablo actSvltlo8
Unroslrlcted
funds
2024
Unrestrl¢tod
funds
2023
Box office income
Engagements
Learning and partlCiP8tion
Sponsorships
Investment Incom8
other Income
55.030
422,634
322,940
114,598
1,043,428
244,471
6,000
3.480
32,079
8,742
14,160
823,506
1,444,066
Expondlture on ralslng funds
Unrostrlcted Unrostrlcted
funds
funds
2024
2023
Staff costs
Sundries
Management and financa
67,134
7,417
15.945
58,328
9,160
16,547
90,496
84,035
19-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Expèndlture on charilable activities
2024
2023
Charllable actlvltles
Learning and partlcipation
Orchestral and related work
Music in Mind Remote Ltd
275,597
1,141,513
573,627
275,993
1.306,631
124,181
1,990,737
1,706,805
Shar8 ol support and govornanco costs (8e• notè 7)
Support
Governance
266,170
33,718
164.711
29.239
2,290,625
1,900,755
Analys18 by fund
Unrestricted funds
Rèstricted funds
2,290,625
1,867,755
33,000
2,290,625
1,900,755
Support costs allocated to actlvltles
2024
2023
Learnlng and partiClP8tlon
Orchestral and related work
Music in Mind Remote Ltd
Governance costs
97,798
168,372
28,932
133,186
2,593
29,239
33,718
299,888
193,950
Net movem•nt In funds
2024
2023
The net movement in funds is ststed after chargingl(crediting)'.
Fees payable for the audit of thg charity's financlal slatements
Depreciation of owned langible fixed assets
Amortisation of intangible assets
12,500
6,585
4,320
12,750
6,753
452
Trustees
None of the trustees (or any persons connected with them) re￿iVed any remuneration or benefits from the
charity during the year.
-20-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
Trustees
(Contlnued)
Trusta85' •xp6nses
There were no trustees, expenses paid for the year ended 31 May 2024 nor for year ended 31 May 2023.
10 Employoes
The average monthly number of 8mployees during the year was:
2024
Number
2023
Numbor
11
10
Staff costs
2024
2023
Staff costs
Employers Nl
Pension
Players f•8s
346.462
35,071
7,238
643,471
351,217
65,882
7,266
986,115
1,032,242
1.410,480
The number of employees whose annual remuneration was more Ihan £60,000
is as follows:
2024
Number
2023
Number
£60,000 - £69.999
£70,000- £79,999
Remuneration of key management personnel
The remuneration of key managemént personnel was 85 follows..
2024
2023
79,726
101.423
The key managerneni personnel of the charity compromises the chief axecutive (prior year chief executive
and finance manageTI.
11 Taxallon
The charity is exempt from taxatlon on Its activities because all ils income is applied for charilable purposes.
21

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
12 Intanglblo flxod assets
Group only
Intellectual
W8b•lt•
Property D•¥?lopm•nt
Total
Cost
At 1 June 2023
Additions - separately acquired
8,000
8,000
75,336
75,336
At 31 May 2024
8,000
75,336
83,336
Amortlsatlon and Impalrment
At 1 June 2023
Amortisation charged for the year
452
S33
452
4,320
3,787
At 31 May 2024
985
3,787
4,772
Carrylng amount
At 31 May 2024
7,015
71,549
78,564
At 31 May 2023
7,548
7,548
-22-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
13 Tangible fixed assets
Group
Flxturv4,
flttlngs and
¢omput•r•
Softwaro
Total
Cost
At 1 June 2023
Additlons
51,278
5,527
10,597
61,875
5,527
At 31 May 2024
56,805
10,597
67,402
Depreclatlon and Impalrmont
Al 1 June 2023
Depre¢iatSon charged in the year
38,563
6,585
10,597
49,160
6,585
At 31 May 2024
45,148
10,597
55,745
Carrylng amount
At 31 May 2024
11,657
11,657
Al 31 May 2023
12,715
12,715
Tangible flxed as8Ots
Charlty only
Flxtur•s,
flttlngs and
computor•
8oftwar•
Total
Cost
At 1 June 2023
Additions
47,509
5,527
10,597
58,106
5,527
At 31 May 2024
53,036
10,597
63,633
Deprèclatlon and Impalrment
Al 1 June 2023
Depreclation charged in the year
38,350
5,833
10,597
48,947
5,833
At 31 May 2024
44,183
10,597
54,780
Carrylng amount
At 31 May 2024
8,853
8.853
At 31 May 2023
9,159
9,159
-23-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
14 Flxed Asset Investments
Manchester Camerata holds 4 shares of 1p each in its subsidiary company Music in Mind Remote Limited
(company number.. 13746290). which represents 800A of the allotted share capital. The NBV of the investment
at 31 May Is £32,000. At 31 May 2024 the subsidiary company balance sheet was as follows..
2024
2023
Fix6d assets
Current assets
Current
109,431
41,297
107,669 211,503
(117,190) 1247,663)
Total funds
99,910
5,137
15 Debtors
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Amounts falllng du• wlthln one yoar:
Trade debtors
Othér debtors
Prepayments and accrued inwme
97,630
8.927
4,404
194,361
97,630
66,363
200,720 122,108
8,927
214,604
312,234
207,692
364,713 131,035
16 Crodltors: amounts falllng duo wlthln ono yoar
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Deferred incoma
Trade creditors
Other credliors
Accruals
838
142,437
41,128
97,130
259,103
16,793
3,640
46,800
838
139,073
38,668
52,130
19,103
15,131
(2,361)
46,800
281,533
326,336
230,709
78,673
17 Deferred Income
2024
2023
other deferred income
838
259,103
-24-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
17 Deferred Income
Icontlnuodl
Deferred income is Included in the financial statgm6nts as follows:
2024
2023
D8f8rred income Is included wlthin.,
Current li8bilities
838
259,103
Movements in the year:
Deferred income at 1 June 2023
Released from pr8vious perlods
Rasources deferred in the year
259.103
(258,2651
79,103
180,000
Deferred Income at 31 May 2024
838
259,103
Deferred Income comprls8s advanced ticket sale$ relating to futur8 8venls and engagements.
18 Restrlctod funds
Group and Charlty
The restricted funds of the charity comprise the unexpénded balances of donations and grants hèld on trust
subject to specific conditions by donors as to how they may be used.
At 1 June
2023
Resources
•xpendod
At 31 May
2024
2,914
2,914
Prevlous year:
At 1 June
2022
Resources
expended
At 31 May
2023
35,914
(33,0001
2,914
The brought forward restricted funds of £2,914 r8lallng to an Arts Council England grant for specific digital
marketing activities to be expended in the Lakes area of Cumbria still remain unspent at the year end.
-25-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
19 Unrèstrlcted funds
The general funds are the charity's reserves which are spent or appll8d at the discretion of th8 trust8es in the
furtherance of the charlty's purpose.
Group
At 1 Junp
2023
Incomlng
resources
Rèsoureès
expended
At 31 May
2024
General funds
916,515
2,243,980
(2,3B1,1211
779,374
Altribulable to NCI
Attributable to owners of the parent
2,734
913,781
24,226
755,148
916,515
2,243,980
(2,381,121)
779,374
-26-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
19 Unrestrlcted funds
(Conllnued)
Prevlous year:
At 1 June
2022
Incomlng
r0sourc05
Resources
oxpended
At 31 May
2023
General funds
711,080
2,157,325
(1,951,790)
916,615
Attributable to NCI
Attribuiable to owners of the p8rpnt
2,734
913,781
711,080
2,157,325
{1,951,790)
916,615
Charlty only
At 1 Jun•
2023
Incomlng Rosources
rosourcès
•xp•ndod
At 31 May
2024
General funds
973,672
1,573,348
(1,807,495}
739,525
Prnvlous y•ar:
At 1 Jun•
2022
Incomlng
resourc•s
Resour¢frs
expended
At 31 May
2023
General funds
703,079
2,093,349
(1.822,7561
973,672
-27-

MANCHESTER CAMERATA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
20 Analysls of net assets between funds
Unrestrl¢ted
funds
2024
Restrl¢ted
funds
2024
Total
2024
At 31 May 2024:
Intangible fixed assets
Tangibl8 assets
Current assetsllliabilltiès)
78.564
11,657
689,153
78.564
11,657
692.067
2,914
779,374
2,914
782,288
Unrestrlcted
funds
2023
Rostrlcted
funds
2023
Total
2023
At 31 May 2023:
Intanglbl8 fixed assets
Tangible assets
Current assetsl{Ilabllltles)
7,548
12,715
893,518
7,548
12,715
896,432
2,914
913,781
2,914
916,695
21 Relat•d party transactlons
During the year there were no disclosable related party transactions. In Ihe prior year 2023.. £6.000 was paid
to Beever & Struthers, an accountancy firm in whlch a trustee. Caroline Monk is a partner.
22 Cash (absorbed byllgenerated from oyratlons
2024
2023
(Deficitllsurplus for lh8 year
{137,1411
172,535
Adjustments for:
Interest received
Amortisalion and impairment of intangible assets
Depreciation and impairment of tangible fixed assets
(8,7421
4,320
6,585
(3,480}
452
6,753
Movements In worklng capltal:
(Increase)Idecrease in debtors
IDecr&aseylncrease In cr8ditors
1104,542)
(44,803)
36,424
73,693
Cash (absorbed by)Ig•norated from oporatlons
(284,3231
286,377
23 Analysis of changes In net funds
The charty had no material debt during the year.
-28-