Company registration number.. N1035573 Charity registration number.. 106890 CAMERATA IRELAND TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Camerata Ireland Contents Page Reference and Administrative Details Trustees, Report Independent Examiner's Report Statement of Financial Activities (including Income and Expenditure Account) Comparative Statement of Financial Activities (including Income and Expenditure Account) Balance Sheet Notes to the Financial Statements 9-14
Camerata Ireland Reference and Administrative Details For The Year Ended 31 March 2025 Trustees Mr Michael D'Arcy Mr Noreen Wright Mr Simon Taylor Mr Kieran Tobin Ms Rosemary O'mahony Mr Roger Pollen Mr John Paul Kavanagh (appointed 1111112024) Secretary Mr Barry Douglas Charity Number 106890 Company Number N1035573 Registered Office The Courtyard Clandeboye Estate Bangor County Down BT19 IRN Independent Examiner RBCA Limited Chartered Accountants 26 Linenhall Street Belfast BT2 8BG Page I
Camerata Ireland Company No. N1035573 Trustees. Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectives and Activities Aims and Objectives The company's objectives have been set out below. Musicians Pro-actively research and seek out the best Irish mu5ician5. from north and 50Uth. both emerging from conservatories and colleges in Ireland and overseas and those already established, to play in the orchestra. Ensure that the best of players are motivated and facilitated to perform with Camerdta Ireland, without diminishing their other freelance opportunities. Ensure that all Irish players, at home or abroad. are aware of Camerata Ireland and the opportunities to play with it as vehicle for professional development. Create opportunities for Irish and international soloists and conductors to perform with Camerata Ireland. Education and outreach Discover and encourage the young musician at an advanced stage in their musical development or starting their professional music career, by offering performance and mentoring opportunities. This would be through masterclasses at the Clandeboye Festival in Co Down every August, but also by inviting young musicians on tour with Camerata Ireland where they can perform alongside our established musicians as members of the orchestra or as soloists. Mission statement Camerata Ireland, a world-class chamber orchestra from the island. north and south, expresses the vitality and excellence of Irish musicianship by performing. at home and abroad. under the artistic leadership of international pianist Barry Douglas. In setting objectives and planning activities for the year. the Trustees continue to give careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. Public Benefit Camerata Ireland's activities benefit the Northern Ireland public by offering high quality classical chamber music events during its annual Clandeboye Festival at a range of accessible prices. The Camerata Ireland chamber orchestra benefits the young, emerging musicians, from across the island of Ireland. who get the opportunity to perform with established musicians and visiting internationally acclaimed soloists. Established musicians from across the i51and of Ireland get the opportunity to work with internationally acclaimed soloists and bring their talents to a wider audience on both sides of the border. Music students benefit from the Clandeboye Festival Academy programme through which they receive free masterclasses with visiting international soloists, as well as the opportunity to showcase their talents in performance. Many of the music students benefit from ongoing opportunities to perform with Camerdta Ireland. Camerdta Ireland's educational project work benefits children, young people, their families and wider communities by bringing high quality classical music performances to disadvantaged areas. Camerata Ireland's international touring activities raise awareness internationally of the high standard of classical musicianship across the island of Ireland. It also helps to develop the careers of the emerging and established musicians who perform with the orchestra. The benefits from Camerata Ireland's activities can be demonstrated through the ongoing popularity of the Clandeboye Festival and invitations to the orchestra to perform internationally. Many of the music students who have participated in the Clandeboye Festival Academy have gone on to develop professional careers in music- an outstanding example of whom is the pianist Michael McHale. One of Camerata Ireland's most recent education projects Harmony North involved 9 post- primary schools in North Belfast and culminated in a performance at the Kennedy Centre in Washington to mark the anniversaries of the Battle of the Somme and the 1916 Easter Rising. The charity benefits the following Northern Ireland public including young emerging classical musicians and established classical musicians from across the island of Ireland. Students, children, young people, their families and wider communities in disadvantaged areas of Northern Ireland. The wider classical music world across the island of Ireland International audiences for classical music emanating from the island of Ireland. Page 2
Camerata Ireland Trustees. Report (continued) For The Year Ended 31 March 2025 Achievements and Performance Main Achievements 2024-25 was a successful season for Camerata Ireland as the orchestra continued to celebrate its 25th anniversary. The 23rd Clandeboye Festival opened the season in August 2024, with 13 concerts taking place over 8 days in the Clandeboye Estate, Co. Down. The festival with the theme of 'Colourful Connertions. was a great success, celebrating, as always, the very best of international and homegrown talent. Camerata Ireland performed at two concerts during the festival, one of which was recorded and later broadcast on Classic FM. To mark the 25th anniversary, Camerata Ireland commissioned Belfast composer Greg Caffrey to write a new work for the orchestra, and this ceiVed its premiere during the festival, featuring Aisling Agnew on solo flute. Twelve young musicians took part in the Camerata Ireland Academyi which took place during the Clandeboye Festival. Over the course of a week, they took part in masterclasses and rehearsals, and performed at the Young Musicians. Showcase, with bursaries awarded by the Flax Trust and Dufferin Foundation. In September 2024, the orchestra performed at the opening concert of Drogheda Classical Music's annual concert series. This was followed by a return to the National Concert Hall. Dublin in October. where Camerata Ireland performed the final concert in the 'Camerata 25 at NCH, series. Camerata Ireland's 25th anniversary celebrations concluded with an extensive tour of China promoted by Armstrong Music. Over 3 weeks, the orchestra performed a programme of Mozart, Tchaikovsky and Kinsella in Shanghai, Chongqing, Gulangyu, Zhengzhou, Changsha, Beijing, Shenyeng. Changzhou, Yantai, Jinan and Fuzhou. The orchestra of 20 players included 5 former Camerata Ireland Academy young musicians, highlighting the importance of the programme and its legacy. During the tour, Camerata Ireland were hosted by the Consul General of Ireland, David Murphy. in Ireland House, Shanghai, and the Irish Ambassador, Nicholas O'Brien. in the Forbidden City Concert Hall, Beijing. Trustees and officers The trustees and offficers serving during the year and since the year end were as follows.. Trustees- Michael Gerard D'Arcy Noreen Ann Wright Simon Taylor Kieran Richard Tobin Rosemary Margaret O'mahony Roger Alan Pollen John Paul Kavanagh Structure, Governance and Management Governing Document The charity is governed by its Memordndum and Articles of Association. Camerata Ireland is a company limited by guarantee, as defined by the Companies Act 2006. The charity was registered with the Charities Comtnission NI on 15 December 2017. Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Recruitment and appointment of trustees Trustees are recruited based on their experience and expertise. Financial review During the year there was a surplus of £523 at 31st March 2025. Policy on reserves The level of reserves held at 31 March 2025 was £39.590. It is the charity's policy to hold at least 6 months, running costs in reserve. Page 3
Camerata Ireland Trustees. Report (continued) For The Year Ended 31 March 2025 Statement of Trustees. Responsibilities The trustees (who are also the dirertors of Camerata Ireland for the purposes of company law} are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting standards (United Kingdorn Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial staternent unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to: selert suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP- make judgments and accounting estimates that are reasonable and prudent,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustee5 are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, report was approved by the board of trustees and signed on its behalf by: Mr John Paul Kavanagh Trustee Date 03 Dec 2025 Page 4
Camerata Ireland Independent Examiner's Report to the Trustees of Camerata Ireland For The Year Ended 31 March 2025 report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity trustees of the Company land also its director5 for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Charted Act {Northen Ireland} 1006 ("the 2006 Act ) and. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 65 Act of the Charities Act (Northen Ireland) 2008 ('2008 Act,). In carrying out my examination I have followed the Dirertions given by the Charity Commission for Northern Ireland under sertion 65(9)(b) of the 2008 Act Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe= l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records- or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 03 Dec 2025 Date RBCA Limited Chartered Accountants 26 Linenhall Street Belfast BT2 8BG Page 5
Camerata Ireland Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies other trading activities Other 49.743 129,396 7,467 141,158 190,901 129,396 7,467 291,781 81,642 4,832 186,606 141,158 327,764 378,255 EXPENDITURE ON: Raising funds Charitable activitie5 {166,590} (141,158) (307,748) (312,248) (19,493) { 19,493) 121,3841 { 186.083) (141,1581 1327,241) {333,632) NET INCOME 523 523 44,623 NET MOVEMENT IN FUNDS 523 523 44,623 RECONCILIATION OF FUNDS: Total funds brought forward 39,068 39,068 {5,555) TOTAL FUNDS CARRIED FORWARD 13 39,591 39,591 39,068 The notes on pages 9 to 14 form part of these financial statements. Page 6
Camerata Ireland Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestricted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Other trading activities other 155,583 81,642 4,832 136,198 291,781 81,642 4,832 242,057 136,198 378,255 EXPENDITURE ON: Raising funds Charitable activities (176,050) 1136, 198) (312,248) (2 1,384) (2 1,384) (197,434) (136, 198) (333,632) NET INCOME 44,623 44,623 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: 44.623 44,623 Tot31 funds brought forward (5.555) {5,5551 TOTAL FUNDS CARRIED FORWARD 13 39,068 39,068 The notes on pages 9 to 14 form part of these financial statements. Page 7
Camerata Ireland Balance Sheet As At 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes FIXED ASSETS Tangible Assets io 1.174 1,174 1,565 1,174 1,174 1,565 CURRENT ASSETS Debtors Cash at bank and in hand li 12,258 39,023 12,258 39,023 128,454 85 51,281 51,281 128,539 Creditors: Amounts Falling Due Within One Year 12 (12,864) { 12,864) (91,036) NET CURRENT ASSETS {LIABILITIES) 38,417 38,417 37,503 TOTAL ASSETS LESS CURRENT LIABILITIES 39.591 39,591 39,068 NET ASSETS 39,591 39,591 39,068 FUNDS OF THE CHARITY Unrestricted Funds 39,591 39,068 TOTAL FUNDS 13 39,591 39,068 For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Att with respett to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies Subject to the small companies regime. On behalf of the board Mr John Paul Kavanagh Trustee Date 03 Dec 2025 The notes on pages 9 to 14 form part of these financial statements. Page 8
Camerata Ireland Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Camerata Ireland is a company limited by guarantee. incorporated in Northern Ireland, registered number N1035573 and registered charity number 106890. The registered office is The Courtyard, Clandeboye Estste, Bangor, County Down, BT19 IRN. 2. Statement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recornmended Practice {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Accounting Policies 3.1. Basis of Preparation of Financial Statements Camerata Ireland meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the entity. The level of rounding is to the nearest £ sterling. 3.2. Going concern The financial statements have been prepared on a going concern bas1S. 3.3. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. 3.4. Income and endowments All income is recognised once the charity has entitlement to the income. it is probable that the income will be received and the amount of the income receivable can be measured reliably. 3.5. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. 3.6. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the Statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising artivities. events. non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated dirertly to that activity- Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 3.7. Tangible fixed assets Individual fixed assets costing £49,055 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 3.8. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their experted useful economic life as follows: Page 9
Camerata Ireland Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Asset class Depreciation method and rate 25% on Reducing balance method Fixtures & Fittings 3.9. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effertive interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. 3.10. Financial instruments Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. All financial assets and liabilities are initially measured at transartion price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value {which is normally the transaction price excluding transaction costs). unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction. the financial asset or financial liability is measured at the present value of the future payments discounted at a market rdte of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged. cancelled or expires. 3.11. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subjert to an insignificant risk of change in value. 3.12. Trade creditors Trade creditors are obligations to pay for gi)ods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting dale, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 3.13. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objective5 of the charity- Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 3.14. Taxation The charity is a registered charity and is therefore exempt from taxation. Page 10
Camerata Ireland Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 4. Income from Donations and Legacies 2025 Unrestricted Restricted Total funds funds funds Donations and gifts Member subscriptions and sponsorships Grants 35,709 14.034 35,709 14,034 141,158 141,158 49,743 141,158 190,901 2024 Unrestricted Restricted Total funds funds funds Donations and gifts Member subscriptions and sponsorships Grants 69,083 86,500 69,083 86,500 136,198 136,198 155,583 136,198 291,781 The following donations and legacies are included within the total income from donations and legacies above.. 2025 Unrestricted funds Restrirted funds Totsl funds Donations 35,709 35,709 Legacies Grants ACNI Grants Culture Ireland Grants Other 98,955 33,414 8,789 98,955 33,414 8,789 14,034 Sponsorship 14.034 49,743 141,158 190,901 2024 Unrestricted funds Restricted funds Total funds Donations 38,871 30,212 38,871 30,212 100,079 24,927 11,192 86,500 Legacies Grants ACNI 100,079 24,927 11,192 Grants - Culture Ireland Grants Other Sponsorship 86,500 155,583 136,198 291,781 Page 11
Camerata Ireland Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Income from Other Trading Activities 2025 2024 Unrestricted Unrestricted funds funds Income from other trading activities 129,396 81,642 Other trading activities income relates to concert receipts. 6. Analysis of Expenditure 2025 Artivities undertaken directly Support costs Total Raising funds Charitable activities 307.748 307,748 19,493 19,493 307,748 19,493 327,241 2024 Artivities undertaken directly Support costs Total Raising funds Charitable activities 312.248 312,248 21,384 21,384 312,248 21,384 333,632 7. Staff Costs Staff costs were as follows.. 2025 2024 Wages and salaries Pension cost 34,192 960 32,000 960 35,152 32,960 No employee received emoluments of more than £60,000 during the year. 8. Average Number of Employees Average number of employees during the year was: 1 {2024.' 1) 9. Independent examiner's remuneration Independent Examination fee for the year is £ 1,800 (2024: £1.700). Page 12
Camerata Ireland Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 10. Tangible Assets Fixtures & Fittings Cost As at l April 2024 49,057 As at 31 March 2025 49,057 Depreciation As at l April 2024 Provided during the period 47,492 391 As at 31 March 2025 47,883 Net Book Value As at 31 March 2025 1,174 As at l April 2024 1,565 11. Debtors 2025 2024 Due within one year Trade debtors 30,694 97,760 Other debtors 12,258 12,258 128,454 12. Creditors: Amounts Falling Due Within One Year 2025 2024 Trade creditors 13 977 Bank loans and overdrafts Taxation and social security Accruals and deferred income 56,926 3,161 29,972 7.252 5,599 12,864 91,036 The bank overdraft is secured by a floating charge over the assets of the charity. 13. Movement in Funds As at l April 2024 Asat31 Expenditure March 2025 Income Unrestricted funds General.. General unrestricted fund 39,068 186,606 { 186,083) 39,591 Restricted funds Restricted fund 141,158 {141,158) Total funds 39.068 327.764 1327,241) 39,591 Page 13
Camerata Ireland Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 As at l April 2023 Asat31 Expenditure March 2024 Income Unrestricted funds General.. General unrestricted fund (5,555) 242,057 { 197,434) 39,068 Restricted funds Restricted fund 136,198 { 136, 198) Total funds (5,555) 378,255 1333,632) 39,068 The specific purposes for which the funds are to be applied are as follows- ACNI grant income of £94.455 {2024.' £95,579) was restricted to core costs and program costs. ACNI grant income of £4,500 (2024.. £4,500) was restricted to the commissioning costs. Culture Ireland income of £33,414 {2024= £24,927) was restricted to the costs in relation to the China (2024= US) tour. Ards and North Down grant income of £8,789 {2024-£6, 192) was restricted to Clandeboye Festival. 14. Transactions with Trustees Payment5 of £9,781 (2024.. £6,750) were made to Mr M D'Arcy. a trustee of the company. during the year in respect of profession31 services provided to the charitable company. 15. Related Party Disclosures There are no related parties in the year. 16. Analysis of net assets between funds Unrestricted funds Total funds at 31 March General 2025 Tangible fixed assets Current assets 1,174 51.281 (12,864) 1,174 51,281 { 12,864) Current liabilities Total net assets 39,591 39,591 Unrestricted Total funds funds General at 31 March 2024 Tangible fixed assets Current assets 1,565 128,539 (91.036) 1,565 128,539 {91,036) Current liabilities Total net assets 39.068 39,068 Page 14