REGISTERED COMPANY NUMBER: 07847197 (England and Wales)

REGISTERED CHARITY NUMBER: 1145544

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

CHAMBERSTUDIO

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Notes to the Financial Statements

10

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Chamber Studio is a registered charity providing specialised year-round coaching and support to emerging professional chamber musicians. We run bespoke programmes for emerging chamber ensembles at different stages of their professional careers. These include Mentorships, Visiting Professor Series, Residencies, Hall One Masterclasses and the Hans Keller Forum. The coaching sessions and masterclasses are generally open to the public to observe. Our mission is to sustain and nourish the future of chamber music and to promote it as an accessible and great artform. Thanks to generous support from Trusts and individual donors, we are able to offer this specialised support to the next generation of chamber musicians at a heavily subsidised rate.

REVIEW OF THE YEAR

Since Chamber Studio was founded, it has been our goal to support emerging professional chamber ensembles at the early stage of their careers. In an ever more challenging landscape for securing time to dedicate to chamber music, and securing high quality performances, our work is more vital than ever. Groups tell us that Chamber Studio has offered valuable advice and support when they most need it, and we look forward to continuing to deliver our programmes in the years ahead.

"ChamberStudio has provided us with a continuous source of inspiration and guidance, as well as a wide network of support from likeminded professionals in the very early moments of our career. We will always be grateful and appreciative of the way Richard, Donald, and their warm community embraced us, who love and value chamber music in our lives as much as we do." Paddington Trio

Artistic Leadership

Donald Grant continued as Artistic Director in the 24/25 season, replacing founder Richard Ireland who had retired from his role in April 2024. Donald has assumed artistic responsibility for the organisation, working alongside Chief Executive Anna Rowe and General Manager Matt Rogers. In addition to revitalising our existing programmes, Donald has introduced several new initiatives including Open Studios. Our programmes are described in more detail below.

Mentorships

Chamber Studio's flagship programme, the Mentorship programme provides year-round tailor-made coaching and support for musicians and ensembles who have decided to focus on chamber music as a central part of their career. There is no upper age limit for the programme, and ensembles become eligible when they are no longer being supported by a tertiary institution. The masterclasses are generally open to the public and free to observe. Each Mentorship programme spans a period of up to four months and consists of three 3-hour masterclasses.

Residencies

Donald has reworked Chamber Studio's Residencies programme, extending each residency to provide ensembles with a period of intensive mentorship during an immersive 3-night stay. As well as continuing our relationships with Lavethan in Cornwall and Fairlight Hall in Sussex, we have built a new partnership with Rosygilwen in Wales, expanding our geographical reach.

"Our Residency helped us to completely refresh our approach… leaving us with a renewed vigour and enthusiasm… and introduced us to ways of rehearsing and working together which now permeate every rehearsal." Berkeley Ensemble

Hans Keller Forum

Chamber Studio's Hans Keller Forum (HKF) programme launched in September 2022 and has proved to be hugely successful as a training vehicle and launch pad for several excellent young ensembles. HKF runs as an annual cycle of three 3-day residencies (in September, January and April) and provides coaching specifically tailored to support selected college-age chamber groups. The residencies are held at West Road Concert Hall in Cambridge, and accommodation is provided by Clare College. Each of the eight UK music colleges are invited to nominate two chamber groups that show a good commitment and chemistry, and from those four groups are selected. These were: Seion Quartet, Trio Thalassa, Heartwood Quartet, and Sonas Quartet. The 2024/5 HKF mentors were Alasdair Beatson, John Myerscough and Donald Grant.

The Hans Keller Forum is supported by the Cosman Keller Trust, whose generosity is gratefully acknowledged.

"Hans Keller Forum has been incredibly beneficial to our trio's development over the past year - we always came away so inspired and with lots of new ideas to explore, and the coaching was some of the most insightful and in depth we've experienced." Astatine Trio (RCM)

Plans for the Future

The Trustees of Chamber Studio are committed to continuing to support emerging chamber ensembles and to developing programmes including coaching and masterclasses which best meet their needs. As well as adjusting our current programmes to meet the evolving needs of young ensembles, we are launching a prestigious Fellowship programme for two of our highest-level groups, providing them with a holistic and immersive annual programme of study free-of-charge.

We are also delighted to offer three residency programmes in 2025/2026, as well as returns to Kings Place Hall One with Anthony Marwood and Chamber Studio Fellows the Astatine Trio. This will be followed by our annual Open Studio, featuring young musicians playing side-by-side with some of the most experienced and sought-after chamber musicians in the UK.

Public benefit

The trustees have referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives. The trustees have concluded that the Charity's core activity satisfactorily addresses the principles of identifiable public benefit and demonstrates that the Charity has fulfilled the public benefit requirement under the Charities Act 2006:

- The fees paid by young musicians are kept as low as possible and can be waived in cases of hardship

- Members of the general public are able to observe Chamber Studio masterclasses free of charge and these opportunities are well publicised through Kings Place, the Charity's own website and other publicity outlets

- The Hans Keller Forum provides training for ensembles in full time education; as part of this programme there are a number of events which are open to the public and, for the most part, made available free of charge.

FINANCIAL REVIEW

Financial position

The majority of income comes from grants. The net movement in funds for the year was an increase of £91,627 (2024 £2,605 decrease) with a decrease a general funds at 31 August 2025 to £51,217 (2024 £59,590).

This decrease in general funds is due in part to a budgeted project to invest in a new brand and website for the charity.

Endowment fund held at 31 August 2025 totalled £100,000 (2024 £nil), this relates to the Lindsays Bursary, generously funded by a grant from the James and Lucilla Joll Trust.

Financial Support

Our valued relationships with the Albert & Eugenie Frost Music Trust, the Cosman Keller Trust, and Philip Carne, formerly of the Carne Trust, continue. We are very grateful for their continuing support. In 2024/2025 we have been honoured to be selected by the trustees of the James and Lucilla Joll Trust to set up a new bursary to support young ensembles, to be named 'The Lindsays Bursary'. The funds to support this bursary were received in April 2025. In the 2024/2025 financial year we have also received additional support from the Garrick Trust, D'Oyly Carte Trust, Harrison Frank Foundation and the Nicholas Boas Charitable Trust. The trustees of Chamber Studio would like to express their gratitude to all these funders for their support of our work.

Reserves policy

The Trustees, in accordance with the Charity Commission's guidance (Reference: Charity Commissioners Booklet CC19 'Charity Reserves'), review the Charity's reserves regularly. After assessing the potential threats and risks the Trustees agreed that the Charity' policy should be to maintain sufficient reserves to ensure the continued avoidance of net current liabilities and to provide sufficient liquid resources to meet the Charity's needs. The Trustees monitor the position on a regular basis.

To safeguard the core activities of the Charity in periods of fluctuating income, the Trustees have determined to establish unrestricted reserves sufficient to cover, as a minimum, nine months' costs. At 31 August 2025 the balance on the unrestricted reserve was £51,217 (2024 £59,590) which the Trustees believe to be adequate.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company was incorporated on 14 November 2011 and registered as a charity on 19 January 2012.

The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The directors of the company are also charity trustees for the purposes of charity law. The existing board of directors is responsible for the appointment of new directors. When vacancies arise potential new directors with the requisite skills are sought from amongst individuals, groups and organisations known to be sympathetic to and have an interest in the Charity's work. Potential candidates are briefed about the Charity and then invited to become a director if the board is in favour of their appointment. In addition, the Charity has in the past appointed a 'player advisor' to the board of directors - a current or recent participant in a Chamber Studio scheme, who attends Board meetings with a particular remit to gather and reflect the views of Chamber Studio's beneficiaries. The appointment is for a fixed term of two years so that the person appointed is close in career stage and experience to the players we support.

The company holds board meetings at least four times a year, more frequently if the need arises. The day-to-day running of the charitable company is undertaken by the Artist Director, Chief Executive and General Manager.

Risk Review

The Trustees have identified major risks to which the company is exposed, reviewed and implemented systems to mitigate these risks. The major risk continues to be the reliance on grant income which cannot be guaranteed. A detailed review of risks has been carried out in Spring 2025, and the risk register updated.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07847197 (England and Wales)

Registered Charity number

1145544

Registered office

58 Stamford Brook Road

London

W6 0XL

Trustees

A M Brougham (resigned 19/1/2026)

S H F Cook

R A Jennings

M A Lewisohn

G Parkin

S D J T Rowe

J A Marshall (appointed 19/1/2026)

Independent Examiner

David Ashby FCCA ACA

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

Approved by order of the board of trustees on 26 May 2026 and signed on its behalf by:

R A Jennings - Trustee

Independent examiner's report to the trustees of Chamberstudio ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 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:

1.	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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I 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.

David Ashby FCCA ACA

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

26 May 2026

2025

2024

Unrestricted

Restricted

Endowment

Total

Total

fund

funds

fund

funds

funds

Notes

£

£

£

£

£

INCOME AND

ENDOWMENTS FROM

Donations and legacies

52,636

20,650

100,000

173,286

57,629

Charitable activities

Charitable activities

10,910

-

-

10,910

7,340

Investment income

2

2,522

-

-

2,522

2,262

Total

66,068

20,650

100,000

186,718

67,231

EXPENDITURE ON

Raising funds

2,122

-

-

2,122

428

Charitable activities

Charitable activities

61,605

20,650

-

82,255

66,609

Other

10,714

-

-

10,714

2,799

Total

74,441

20,650

-

95,091

69,836

NET INCOME/(EXPENDITURE)

(8,373

)

-

100,000

91,627

(2,605

)

RECONCILIATION OF

FUNDS

Total funds brought forward

59,590

-

-

59,590

62,195

TOTAL FUNDS CARRIED FORWARD

51,217

-

100,000

151,217

59,590

2025

2024

Unrestricted

Restricted

Endowment

Total

Total

fund

funds

fund

funds

funds

Notes

£

£

£

£

£

CURRENT ASSETS

Debtors

7

3,527

-

-

3,527

6,440

Cash at bank

80,012

-

100,000

180,012

96,266

83,539

-

100,000

183,539

102,706

CREDITORS

Amounts falling due within one year

8

(32,322

)

-

-

(32,322

)

(43,116

)

NET CURRENT ASSETS

51,217

-

100,000

151,217

59,590

TOTAL ASSETS LESS CURRENT LIABILITIES

51,217

-

100,000

151,217

59,590

NET ASSETS

51,217

-

100,000

151,217

59,590

FUNDS

9

Unrestricted funds

51,217

59,590

Endowment funds

100,000

-

TOTAL FUNDS

151,217

59,590

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2026 and were signed on its behalf by:

R A Jennings - Trustee

S H F Cook - Trustee

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

2,522

2,262

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Independent examiners' rem

1,140

1,390

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Donations of £1,350 were received by the charity from trustees during the year.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2025

2024

Charitable activities

2

2

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Endowment

Total

fund

funds

fund

funds

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

40,629

17,000

-

57,629

Charitable activities

Charitable activities

7,340

-

-

7,340

Investment income

2,262

-

-

2,262

Total

50,231

17,000

-

67,231

EXPENDITURE ON

Raising funds

428

-

-

428

Charitable activities

Charitable activities

49,609

17,000

-

66,609

Other

2,799

-

-

2,799

Total

52,836

17,000

-

69,836

NET INCOME/(EXPENDITURE)

(2,605

)

-

-

(2,605

)

RECONCILIATION OF FUNDS

Total funds brought forward

62,195

-

-

62,195

TOTAL FUNDS CARRIED FORWARD

59,590

-

-

59,590

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

300

80

Other debtors

2,239

780

Prepayments

988

5,580

3,527

6,440

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5,400

400

Social security and other taxes

728

738

Other creditors

54

838

Deferred income

25,000

40,000

Accrued expenses

1,140

1,140

32,322

43,116

Deferred income relates to grants received to support planned activities in the year ended 31 August 2025.

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1/9/24

in funds

31/8/25

£

£

£

Unrestricted funds

General fund

59,590

(8,373

)

51,217

Endowment funds

Lindsays Bursary

-

100,000

100,000

TOTAL FUNDS

59,590

91,627

151,217

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

66,068

(74,441

)

(8,373

)

Restricted funds

The Cosman Keller Art and Music Trust

11,450

(11,450

)

-

Fidelion Charitable Trust

3,000

(3,000

)

-

Idlewild Trust

5,000

(5,000

)

-

Nicholas Boas Charitable Trust

1,200

(1,200

)

-

20,650

(20,650

)

-

Endowment funds

Lindsays Bursary

100,000

-

100,000

TOTAL FUNDS

186,718

(95,091

)

91,627

Comparatives for movement in funds

Net

movement

At

At 1/9/23

in funds

31/8/24

£

£

£

Unrestricted funds

General fund

62,195

(2,605

)

59,590

TOTAL FUNDS

62,195

(2,605

)

59,590

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

50,231

(52,836

)

(2,605

)

Restricted funds

The Cosman Keller Art and Music Trust

15,000

(15,000

)

-

Rainbow Dickinson Trust

2,000

(2,000

)

-

17,000

(17,000

)

-

TOTAL FUNDS

67,231

(69,836

)

(2,605

)

During the year the charity received the following restricted grants to support the Hans Keller Forum:

i) The Cosman Keller Art and Music Trust - £11,450.

ii) Fidelio Charitable Trust. - £3,000.

During the year the charity received restricted grants to support mentoring activities:

i) Idlewild Trust - £5,000.

ii) Nicholas Boas Charitable Trust - £1,200

During the year the charity also received a £100,000 permanent endowment from the James and Lucilla Joll Charitable Trust to create the Lindsays Bursary. This amount will be invested and the income generated used to support selected groups of emerging ensembles.

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.