COMPANY REGISTRATION NUMBER: 03226828
CHARITY REGISTRATION NUMBER: 1062845
Oxford Contemporary Music
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025

Oxford Contemporary Music
Company Limited by Guarantee
Financlal Statements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the directovs report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
11
13
14
Notes to the financial statements
15

Oxford Contemporary Music
Company Limited by Guarantee
Trustees. Annual Report (Incorporaling the Director's Report)
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charty for the year ended 31 March 2025.
Chalr's report
At OCM, a crucial element of our work has always been to support people in their creativity through
talent development, education, commissioning and the presentation of new work. The companls
primary objective is lo build relationships with audiences and communities around Oxlordshire, whilst
also maintaining a national and international profile for showcasing new work. OCM aims lo contribute
to creating a resilient sociely, nourished and bonded by sound and music, and most importantly to
making high quality musi¢ accessible to as many people as possible.
In 2024-25
OCM presented 14 performances.,
Supported 4 new commissions I r&d.
Supported 19 artists supported in residencies,.
1042 audience members enjoyed OCM'S in-person events,.
5 OCM co-commissions toured: Warning Notes, Hack Poets Guild, Colony, Congregation and
Chorus, reaching 14.641 people in England, Wales and China.
Worked with 42 artists and 11 workshop leaderslguest speakers.
Had 310 music workshop attendances with young people and adult participants,.
Engaged 130 people at community events;
Our collaborative project 'The Starling Sessions, with Tandem Collective held 37 regular sessions
for around 33 regular attenders, plus 17 workshopslperformances in the community engaging 1071
people.
OCM continued to support innovation by commissioning and presenting new work such as the sell-out
presentation of 'Wlld Mix, by Jenny Moore, performed at No. 80, a new festival produced by YWMP in
partnership with other local organisalions. OCM also commission8d 'The Inventlon ol Wonder,, a
new music-thealre performanca by internationally acclaimed sound artist Flay Lee, presented within
Ideas Festival Oxford.
OCM'S creative development programme, BOOM, was once again supported by the PRS Foundation
and we continue lo be embedded in th8 invaluable Talenl Development Network. Artist development is
woven through all ol OCM'S work and we know that the work we are undertaking is having an impact.
An example of success in this area is highlighled by the progress ol Ellie Wilson, one of our BOOM
participants. Ellie look part in BOOM during 2023124 where she began developing the idea lor a new
work exploring biodiversity Ihrough sound. Since then, Ellie has been commissioned by OCM through
funds from PRSF to create Moth x Human, lo be performed as part ol the New Music Biennial 2025.

Oxford Contemporary Music
Company Limlted by Guaranlee
Trustees. Annual Report (Incorporatlng the Director's Report) feonllnued)
Year ended 31 March 2025
We continue to tour successful commlsslons and thls year OCM secured Withoul Walls support lor
'Waming Noles, by Mark Anderson. This installationlperlormance toured to two of the consortium's
festivals: Timber Festival Ico-commissioneys) and Stockton International Riverside Festival. leadirYJ to
further bookings both in the UK and internationally.
We have continued to build relationships with local artists through our collaboration with Tandem's
Starfings Sessions, which are weekly during term limes with 30-40 people. This global folk community
orchestra explores iraditional music from around the world Ihrough Ihe people of Oxford.
OCM has established a partnership with Barton Neighbourhood Centre and Barton Library to deliver
Ihree stinls of our family learning sessions, 'Music Matters,, which nurtures communication skills
belween pre-school infantslchildren and their parentslcarers through song. We delivered further
holiday workshops for early teens wilh 'Listen Upl, in collaboration with Oxfordshire County Music
Service and Inspire Sounds, supported by Barton Community Association. We participaled in other
Barton community even15 throughout the year, including a DJ at Love Barlon event, Barton Bonanza,
and Christrnas Llghl Festival with Inspire Sounds and Junk Orchestra,
"She's dancing when She hears music now. lik8 we're here" Father of 1.2 year old
Barton is a priority area for the City Council in Oxford, In an outlying area with a very diverse population
and limited opportunities for engaging in music and cultural activities in general.
As well as placing Environmental Responsibility al the forefront of subjects for commissioning new
work (Moth x Human) and artist development, we are progressing with reducing our own organisational
impacl. Following on from the work undertaken in 23124 OCM continue5 to place Equalily, Diversty,
Inclusion and Belonging at the heart ol learning and development along with our community
collaboration programmes.
In summary, this has been another year of lislening to the needs af audiences, developing artists.
embedding with communities, and presenling carefully considered programmes and collaborative
initiatives to reach as wide a range of audiences as possible locally, nationally and internationally.
Richard Tooth
Chair

Oxford Conlemporary Music
Company Limited by Guaranlee
Trustees, Annual Report (Incorporallng the Director's Report) {conHnued)
Year ended 31 March 2025
Reference and administrative delall8
Reglstered charlty namè
Oxford Contemporary Music
Charfty regl8tratlon number
1062845
Company reglstratlon number 03226828
Prlnclpal off Ice and reglstered Room 136
olflce
Headingion Hill Campus
Oxford Brookes University
Oxford
OX3 OBP
The truslees
Stuart Fowkes
Flichard Tooth - Chair
Amenah Enayat
Maria-Louiza Polymeropoulou
Zahra Haji Falh Al Tehrani
Danielle Battigelli
Lisa Brionne-Gray
Paul Whilty
(Retired 1 October 20241
(Appointed 20 May 2024)
(Appointed 20 May 2024)
Company gecretary
Joanna Ross
Independent examlner
N J Cadwallader FCCA For and On Behalf Of David Cadwallader &
Co Limited
Suite 3 Bignell Park Barns
Chesterton
Nr Bicester
Oxon
OX26 1TD

Oxford Contemporary Music
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlmmd)
Year ended 31 March 2025
Structure, governance and management
Oxford Contemporary Music is a company limited by guaranlee and a registered charity under the
Charities Act. The charitable company is governed by its Memorandum and Articles of Association. It
was incorp)raled as a company on 18 July 1996 (registered company number 03226828) and
regislered by the Charity Commission on 13 June 1997 (charity number 1062845>.
Directors are appointed by the Board,. Ihe Articles requir8 one third, or nearest to one Ihird, of direclors
to retire annually, and they may offer Ihemselves for re-election. The board of directors meet four times
a year to oversee the running of Ihe Charity. The Director, full time Deputy Director handle day-to-day
administration.
Key Personn81:
Director-
Jo Ross
Interim Director..
Emma Dunton (from Nov 2024)
Deputy Direclor..
20251
Victoria Larkin {returned from maternity leave March
Deputy DirectorlProducer Imalerniiy Cover).. Sherrell Perkln & Sarah Mayhew Craddock {conlracts
finished in March 20251
Marketing Coordinator..
Isabel de Berrie
Evenls Coordinator..
Sofia Lykou
Programme Producer:
Lauren Spiceley (until 20 Sepiember 2024}
Kerry Priest (from 3 March 2025)
Producer, Community & Learning..
Tessa Cavanna
Oblectlves and acllvltleg
The principal activity of OCM is to foster. support, promote and develop knowledge, understanding and
appreciation of the arts Iwilh reference to contemporary musiclnationally by means ol event promotion,
audience development, educational activities, marketing and fundraising, working with other bodies
both lo increase accessibility lo and improve the slandards of practice and appreciation ol the arts.
The Trustees have complied with Ihe duty in section 17{51 of the 2011 Charilies Act lo have due regard
to public benefit guidance published by the Charily Commlsslon.

Oxford Contemporary Music
Company Limited by Guarantee
Truslees, Annual Report (Incorporaling the Dlrector's Report) (conllnued)
Year ended 31 March 2025
Achievements and performance
This year OCM has continued to connect meaningfully with audiences and communilies. We have
commissioned and showcased a diverse range of artisls and produced impacllul work, and have laid
exciting foundations for next year's activity- Our artist development w￿rK has continued lo support
under-represented artists to explore and experimenl in working beyond Iraditional perlorrnan
spaces. We￿e toured shows to more people in priority areas in England and continue lo commission
work on the theme ol the climate crisis and environmental sustainability. With partnership working
across cuftural and other Sectors we've achieved more and ensured our work is relevant to our
beneficiaries.
Innovatlon, Collaboration and Publlc Space
Our commissioning work Ihis year explored Ihem&s of communal songslsinging. arKI the intersection
of science and sound, focussing on diverse audi8nc8s, communities, and places.
In May, OCM partnered with the Young Women's Music Prolecl lo support Wlld Mix by Jenny Moor8 -
an immersive choral punk musical performed by F"Cholr and kickboxers al the debut No. 80 festival.
Blending communal singing, drumming, and kickboxing, the piece explores themes of solitud8 and
iogetherness.
Later in the year, OCM began the development of another project employing communal singing, thls
time for communities in South Somerset la Priority Place lor Arts Council England). Working with
Sweet Track Productions (Emma Dunton and Andrea Brown), we undertook a first phase of R&D for
'People Songs, Wlth writers, composers and musicians. The project aims to create a contemporary
performance piece that has touring potential. inspired by lolk songs from Somersel and Ihe South
West using collective singing lo create a sense of belonging and community.
OCM commlssioned The Invenllon ol Wonder, pres8nled at Ideas Festival Oxford - a new music-
theatre perfomiance by internationally acclaimed sound artist Ray Lee. Inspired by the Enlightenment.
era Philosophical Table, Ray created a purpose-built soni¢ version to generate sound through ten
ele¢iro-magnetic sculptural experlmenls.
"It was inventive and humorous, fulfilling my expectation of having a wondrous experience.. (audience
member)
OCM commissioned Ellie Wilson's Moth x Human for the New Music Biennial 2025, funded by the
PRS Foundation. The idea for this began during her time in OCM'S BOOM scheme120231241. The
work sonilies moth data from the UK Centre for Ecology and Hydrology to explore biodiversity loss.
Combining acoustic instrument5. field recordings, and electronics, the piece offers an emotive,
immersive experience. The Northern School of Art contributed an impactful animation lor the live
performance, created by sl udents working with Ellie.
OCM produced Warnlng Notes, supported by Without Walls. which toured major UK festiva15
including Timber and Slocklon International Riverside. Created by Mark Anderson and Liam Walsh,
the outdoor show creates a captivating sound-world through inslallation instruments and live
performance to evoke urgent social and ecological themes. 11 also appeared at three Welsh festivals-
Oriel Plas Glyn Y-wedchv Pwllheli. Wye Valley River Festival, Blaenavon Ironworks
"Wowl The best thing at Timber - we came back 3 times over the evening to experience it at different
times ol the evening.. (audience. Warning notes)

Oxford Contemporary Muslc
Company Limited by Guaraniee
Trustees. Annual Report (Incorporating the Dlreclor's Report) (¢ontlnu•d)
Year ended 31 March 2025
"Slunning! Haunting, thought provoking...incredible experience" (audience, Warning Notes)
OCM commissions continued to tour this year, reaching audiences all over the country and
internationally. Ray Lee's 'Congregation' toured to Ansan Street Arts Festival and Shekou Theatre
Festival in China, and he took 'Chorus' to Light Up Leicesler. Th8 Hack Poets Guild performed at
Cambridge Folk Festival and WOMAD, and 'ColonV was presented in Crewe and London.
Showcaslng new muslc
We continued to showcase the best new musi¢ In a wlde range of genres, using venues across Oxford
lo reach a diversity ol audiences.
Through our ongoing partnershlp wlth Artsllnk INHS Oxford) we off 8r8d Warneford Hospital service
users the opportunity to experience live music from Senegelise masler kora player Jali Fily Cissokho
and then violinist Maya Kadish. We partnered up with Fusion Arts to present An-Tlng and lan
Gallagher's 'Lost Communlcallons, in a 'meanwhile space, venue in the centre of Oxlord,
"This is probably the most imaginative use of Al in an artistic sense I've 8e8n.. It's just.,,cosmic." (Daily
Info review)
With the North Wall Arts Cenlre. we brought Ghant éleclronique to the city, an international collective of
singers and musicians blending ancienl song and electronic music. And in a special late op8ning of the
Museum of Natural History, vocal group HOWL sang about night creatures in a collaboration with
writer and naturalist Robert Macfarlane.
"Please put on more of these amazing evenls. They work on so many levels and are such an important
contribution to the cultural fabric of Oxford. They really stand out as unique and inspiring., (audience,
HOWL with Robert Macfarlanel
"Exemplary OCM offering unusual and high quality" (audience, HOWL wilh Robert Maclarlanel
As we headed towards spring, percussionist Bex Burch and violinist Laurel Pardue performed an
inventive and unique set in the intimate setting of Caper bookshop in East Oxford. We wrapped up ihe
year with a collaboration with The Spin jazz club to present Elliot Galvin, Ruth Goller, Seb Rochford
and Mandhira Oe Saram to a sell out crowd.
Listening Parties punctuated the year in collaborations with Marmalade Festlval, Arts al the Old Fire
Station and Common Ground, glving us a chance to connect with audiences and Ihe music they're
passionate about.
Learnlng and communlty
OCM Is committed to invesling in long term programmes of connection and support wilhln ils learning
and community activilies. Our focus continues in the collaborative project with Tandem Collective - The
Starling Sessions - and a variety of W￿rkshopS and community events in the Barton area of Oxford (a
priority area for the City Council),
Starling Sessions continued term-time weekly sessions with 30-40 participants who shared their
traditional music from around the world with the group. They performed across the city at ten
communily events during the year and live community workshops. They've connected with Asylum
Welcome lo extend Ihe project's reach to asylum seekers in the cily. A 'storytelling evaluation, of the
project was also produced, using interviews wilh the participants, to reflect on the profound impacl of
the Starling Sessions work..

Oxford Contemporary Music
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu•d)
Year ended 31 March 2025
httpsjldrive.google.comlfileld11 cqKvpCbwyqu88Lbh8u1 urCelRwFMyYPYfview
"Your performance was truly uplifting and in my book that is so much better than any prescription a GP
can hand out. especially when thinking about people's mental wellbeing, and we want you backl"
(audience member, Barton Food Feslivall.
Within Barton we established a partnership wilh 8arton Neighborhood Centre and Barton Library to
deliver three sts'nts of our family learning sessions. 'Music Matters,, nurturing communication skills
between pre-school infantslchildren and their parentslcarers through song.
"It's so great to have something Ilke this in Barton.
Parent
'She's dancing when she hears music now, like we're here. Father of 1.2 year old
"He slngs 'helloooooo" since joining the sessions" Father of 3 year old
We delivered more holiday workshops for early leens with 'Listen Upl, In collaboration with Oxfordshire
County Music Service and Inspire Sounds, supported by Barton Community Association.
"Are you coming back? I want lo do more muslc.
workshop participant, age 9'Music supports me
cause11 helps me express myself" _ workshop participant, age 14
We supported communlty events in Barton throughout the year, including a DJ at Love Barton event
and Barton Bonanza, a musiclavatar creation workshop in collaboration with Dancin Oxford, Inspire
Sound5 and Junk Orcheslra for the Christmas Light Festival, and carollers lor the Barton Chrislmas
Community Dinner.
Artist development
OCM ran three artist development initiatives this year: CODI BWMI, BOOM, and Climate Lab 2,
supporting artists to build the skills and knowledge needed to work beyond conventional performance
sellings, engage large and diverse audiences, and respond to Ihe climate crisis within their work.
CODI BWMI continued, led by Ty Cerdd (music centre Wales} in collaboration with OCM and
Articullure. The second year ol the scheme focusecl on project development lor the four artists on the
scheme, working towards a work-in-progress sharing in 2025126.
The 2024125 BOOM artists were Antonio Roberls, KlangHaus, Liz Hanks, and Tel Adeleye. All of the
artists said that the scheme met their expectations and that Ihey could foresee long term
impactsloutcomes from taking part.
"Our confidence, permission to create OLrtdoor vffjrk, expertise to do so and support system has grown.
We feel we have an enriched network of opportunities to develop work outside."
In October collaborated wilh 101 Outdoor Arts and the University ol Oxford's Environmental
Change Instilute and Environmental Humanities Hub to hold a second Cllmate Lab. Twelve artists
from a range of disciplines took parl in five days of supported exploration of how to use their creative
practice to communicate the climate crisis, blending expert insights from university researchers and
international guest speakers, hands-on activities, and collaborative reflection.
Building resillence
OCM has made further progress and maintained good practice in areas of financenunding, operations,
environmental sustainability, and EDIB (equality. diversity, inclusion and belonging).

Oxford Contemporary Muslc
Company Limited by Guaraniee
Trustees, Annual Report (Incorporallng the Dlr8Ctor's Report) (conllnu•d)
Year ended 31 March 2025
Envlronmental sustainabillty
OCM continued its commitment to commission and support the development of work thal reflecls on
the impact of the climate crisis (Ellie Wilson's Molh x Human, Codi BWMI. Climate Lab). We ensured
that all staff had Climate Literacy training and achieved certification, and one of our Trustees (Danielle
Battigellil signed up to Arts Council England's Board Environmental Champions initialive. Other
prc*Jress includes switching to environmentally responsible banking, improving the environmenlal
rating on the OCM websile, and proactive messaging to audiences for every event around transport
options thal help to reduce th8 carbon footprint of our activities. Annual data was again uploaded to Ihe
Julie's Bicycle Creative Climale Tools lo help us assess our carbon footprint and progress on
sustainabilily, which is now 50V. less than In 2018119.
EDIB
We continue to gather data and commlt to long term, ongoing change to improve the organisation's
equality, diversily, and inclusion across its activities and work practices. We have worked on
expanding our pool, and diversity ol mLJSiC leaders in collaboration wlth Music at Oxlord. We
exceeded our aim that young people engaged within our outreach work should be more diverse than
Ihe Oxford population in general. We've continued to improve visual accessibility and clarity of the
OCM websit8, ensured our social media posts were more dyslexia-friendly, and made accessibility
information lor all venues available on our website and in communication with audiences. All
recruitment ol artists is founded upon principl85 of ensuring diversity and a minimum of 50 % identifying
with protected characteristics (usually more). Stalf recruitment was planned to ensure best practice in
how we advertlS8 vacancies and shorllist candidates and worf( with external experts whenever
practicable. OCM is an active member ol of OCARA (Oxford Cultural Anti-Flacist Alliance).

Oxford Contemporary Music
Company Limited by Guaranlee
Truslees. Annual Report (Incorporaling the Dlrector's Report) (contlnued)
Year ended 31 March 2025
Financlal revlew
Financlal & Operatlons
We finished this financial year with a surplus. most of which is ringfenced for activity that spans Ihe two
financial years of 202415 arKI 202516.
OCM has secured a solid financial foundation for ils ongoing operations. 2024125 is the second year ol
our three year Arts Council England National Portfolio Organisation agreement and we secured an
extension for a fourth year12026127 conlinned in June 2025} after ACE postponed a new funding
round. 2024125 is the final year of our Oxford City Council Big Ideas granl agreement and we will apply
to this again in 2025. We secured a grant from a new funder, Well Together, and once again secured
PRS Foundation Talent Developmenl Network funding Iwith an increase on last year), Oxford Cily
Council Christmas Light Festival lunding, PRSF New Music Biennial 2025 grant (last secured in 20171,
a grant from Slanton Ballard Charitable Trust, and a donation from Merton College. With OCM'S
support, funding from Awards for All was secured for the Starling Sessions project.
Operationally, we have also sustained the organisation's resilience by continuing to..
Maintain a robust level of reserves to include winding up costs and contingencies for the
organisalion and larger projects-
Ensure staff retention is strong through annual performance and job reviews with staff members
and by supporting iheir training and development according to individual needs.
Hold quarterly Board meetings, regular staff team meetings;
Regularly reviewing OCM'S policies and providing all staff with relevant training.,
Invest in fundraising support for existing and new projects.
A new overarching employee handbook was created, encompassing all ol OCM'S HR policies, which
were updated and added lo in line with recent and forlhcoming changes lo Employment Law.
Staff training included IOSH Managing Safely at Evenls training course for several members of staff, a
Fire Marshall training course lor our Events Coordinator. Several members ol staff are 1 st Aid trained
at the highesl level lor the workplace.
The Income and Expenditure account shows a surplus of £18,173 {2024 deficit.. £25,307) making the
balance carried forward al 31 March 2025 of £143.726. The balance was in line with Ihe budgel for the
year and the Trustees expectations and strategy for the Charity.
The closlng position at the end of the flnancial year is that the company retains £27,401 In free
reserves in addition to a ring-lenced amount equivalent lo 3.5 tull months ol winding up costs, as
prolected lor the 2025126 financial year.
The Trustee directors consider that the position of the company as at 31 March 2025 is satisfactory.
Re8erve$
The charily aims to hold cash reserves at the level of between 3 and 5 months of operating costs in
order to cover fluctuations in cash Ilow and winding down costs in the circumstance that the charity
ceases trading. This is shown under the Unrestricted Funds - 'General Funds,. and the currenl shown
is sufficient to cover 3.5 months of projected costs in fiscal year 2025126.
The charity also holds cash reserves for Organisational Contingency to include higher risk events and

Oxford Contemporary Music
Company Limiled by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report) (¢onllnuedJ
Year ended 31 March 2025
projects.
It also holds additional funds that the Trustees have agreed will be used for development funding such
as updating of otfice equipment and project development. This is shown under the Unrestric18d Funds
'Project funds,.
R13ks
The major risks to which the charity is exFX)sed, as identified by the truslees, have been reviewed and
systems have been established io mitigale Ihose risks.
Plan8 for luture p?rlods
A robust 3 year plan was put together as part of OCM'S application process for Arts Council England's
National Portfolio Organisation funding 2023-26. OCM secured this lunding and delivery of Ihis
programme has continued as planned inlo year 2 across all 4 strands of activity of this new plan. which
includes events programme, commissioning, artist developrnent. and educalionloutreach and
adclresses ambition and quality of our work, dynamism of the organisation, inclusivity and relevance.
and environrnental responsibility. These plans are reviewed regularly by the staff and Board of
Trustees, and are integrated into OCM'S operational work and policies.
Small company prov181on8
This report has been prepared In accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on
Irustees by..
oql.i&l)S.... and signed on behalf of the board of
Richard Tooth
Chair
10-

Oxford Contemporary Music
Company Llmlted by Guarantee
Independenl Examlner's Report lo the Trustees of Oxford Contemporary Muslc
Year ended 31 March 2025
I rewrt to the trustees on my examination of the financial statements of Oxford Contemporary Music
('the charity'i lor the year ended 31 March 2025.
Responsibilities and basls of report
As the trustees of the company (and also its directors for the purposes ol company law) you ar8
responsible for the preparation ol the financial stat8ments in accordance with Ihe requirements of Ihe
Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the accounls of the company are not required to be audiled under Part 16
of the 2006 Act and are eligible lor independent examination. I report in respect of my examination of
the charity's accounts as carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Act,). In
carrying oul my examination I have followed the Directions given by the Charity Commission under
section 14515)Ibl ol the 2011 Act.
Independent examlner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body
Ilsted in section 145 of the 2011 Act. I confirm that l am qualified lo undertake Ihe examination
because l am a member of the Association ol Chartered Certified Accounlanls, vthich is one of the
listed bodies.
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..
accounting records were not kept in respect ol the charity as required by Section 386 of the
2006 Act., or
the financial statements do not accord wilh those records., or
the financial statements do not comply with the accounting requiremenls of secllon 396 of
Ihe 2006 Act other than any requirement that the accounts giv8 a 'true and fair. view which is
not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable lo charities preparing their accounts in accordanGe with Ihe Financial
ReF)Orting Slandard applicable in the UK and Republic of Ireland IFRS 102)-
11

Oxford Contemporary Music
Company Limited by Guarantee
Independent Examiner's Report to the Truslees of Oxford Conlemporary Music
(wiVnu•d)
Year ended 31 March 2025
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 underslanding of the
accounts to be reached.
N J Cadwallader FCCA
For and On Behalf Of
David Cadwallader & Co Limited
Independent Exarniner
Suite 3 Bignell Park Barns
Chesterton
Nr Bicester
Oxon
OX26 1TD
12-

Oxford Contemporary Music
Company Llmlted by Guarantee
Slatement of Financial Aclivllles
(Includlng income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds Total funds
2024
Unrestricted
lunds
Nole
Income and endowments
Donalion5 and legacies
Charitable activilies
189,729
44,710
39,850
229,579
44.710
274,289
234,354
13.921
Total Income
234,439
39,850
248,275
Expendlture
Expendilure on charltable aclivitles
Total expendlture
227,086
227,086
29,030
256,116
273,582
29,030
256,116
273,582
Net Incomel(expendllure) and net
movement In funds
7.353
10,820
18,173
(25,307)
Reconclllatlon of fund3
Total fund5 brought forward
Total funds carrled forward
125,553
125,553
143,726
150,860
125,553
132,906
10,820
The Statement of financial activilies includes all gains and losses recognised in the year,
All income and expenditure derive from continuing activities.
The not88 on pages 15 10 25 form part of these Ilnanclal slalemonls.
13-

Oxford Contemporary Muslc
Company Limiled by Guarantee
Statement of Financlal Posltlon
31 March 2025
2025
2024
Flxed assets
Tangible fixed assets
14
1.664
3,203
Current 888el¥
Debtors
Cash at bank and in hand
15
11.233
137,040
148,273
12.750
131,699
144,449
Credltors: amoun18 falllng due wlthln one year
Not Current assetg
16
6,211
22,099
122,350
142,062
143,726
143,726
Total assots les8 current Ilabllltles
125,553
125,553
Net agsels
Fund8 of the charlty
Restricted funds
Unrestricted funds
10,820
132,906
143,726
125,553
Totsl charlty funds
18
125,553
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477
of the Companies Acl 2006 relating to small companies.
Direclors, responsibilities:
The members have not required Ihe company to (Jbtain an audit of its financial statements lor the
year in question in accordance with section 476.,
The directors acknowledge their responsibilities lor complying with the requirements ol the Act
with respect to accounting records and the preparation ol financial slaiemenls.
Thes8 financial statements have been prepared in accordance wSth the provisions applicable to
companies subject to th8 small companles. regime.
Thes
flnanclal statements were approved by the board of Irustees and authorised for issue on
oql and are signed on behalf of the board by:
Richard Tooth
Chair
The notes on pagos 15 to 25 form part ol these flnan¢ial gtatements.
14-

Oxford Contemporary Music
Company Limiled by Guarantee
Notes to the Financial Slalemenls
Year ended 31 March 2025
General Informallon
The charity is a public benefit entity and a private company limited by guarantee. registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is Room 136, Headington Hill Campus, Oxford Brookes University, Oxford, OX3 OBP.
Statement of compllance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable lo charitios preparing iheir accounls in accordance wilh Ihe
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP IFRS 102)) and the Companies Act 2006.
A¢countlng pollcies
Ba8ls of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured al lair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concem
The accounts have been prepared on a going concern basis. There are no mal8rial uncertainties
about the charity's ability to continue. Arts Council England have offered a National Porlfolio
Organisation grant agreement for 2023-2027, giving the charily core funding security for four
years. PRSF Talent Development Network funding agreement is for three years 2023-2026.
Other grant funding is applied for annually.
Judgements and key sources of estlmallon uncertalnty
The preparation of the linancial stalements requires management to make ludgemenls,
estimates and assumptions that allect the amounts r8POrted. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Accounting estlmates and assumptions are made concerning the future and, by their nature, will
rarely equal the relaled aclual outcome. The key assumptions and other sourc8s of estimation
uncertainly that have a significant risk of causing a material adju5tmenl to the carrwng amounts
of assels and liabilities within the next financial year are as follows-. Deferred income has been
calculated to reflect the elemenl of grant income which was unspent on projects at the year end.
15.

Oxford Contemporary Music
Company Limlted by Guarantee
Not8S to the Financial Slalements (contlnuadj
Year ended 31 March 2025
Accounting policies feontlnued)
Fund accountlng
Unrestricted funds are available for use at Ihe discretion of the trustees to further any of the
charilys purposes.
Designaled lunds are unrestricted funds earmarked by the trustees for particular fulure proj8Ct or
commitment.
Restricted funds are subjected to restrictions on Iheir expendSture declared by the donor or
through the terms of an appeal. and fall into one ol two sub.classes: restricted income funds or
endowment funds.
Incomlng r?8ourceg
All incoming resources are Included in the statem8nt of financial activities when enlillement has
passed lo the charity., it 15 probable that Ihe economic benefits associated with the Iransaction will
flow to the charity and the amount can be reliably measured. Th8 followlng specific policies are
applied to particular categories ol income..
income from donations or grants is recognised when there is evidence of enlitlement to the
gift, rec8lPt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to Measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and seniices are recognised in the accounts
when received if the value can be reliably measur8d. No amounts are included for the
conlribution of general volunteers.
income from contracls for the supply ol services is recognised with the delivery of the
conlracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
11 may be regarded as restricled.
16-

Oxford Contemporary Music
Company Llmiled by Guarantee
Notes to the Financial Statements Iconllnuodj
Year ended 31 March 2025
Accounllng policies (contlnuad)
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 slalement of
financial activities to which il relat8S:
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading aclivilies, and the sale of donated goods.
expenditure on charitable aclivilies Includes all costs incurred by a charity In undertaking
aclivilies that further its charilable aims for Ihe benefit of ils beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expendlture Includes all expenditure that is neither related to raising funds lor the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categorie5 reflectlng the use of the resource. Dlrect costs
attribulable lo a single activity are allocated directly lo that activity. Shared casts are apportioned
between the activities they Contribute lo on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded al cost, and subsequently stated al cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the lair value at the date of revaluation less any subsequ8nt
accumulated depreciation and subsequent accumulated impairrnent losses.
An increase in the carrying amounl of an assel as a result of a revaluation, is recognised in other
recognised gains and losses, unless il r8verses a charge for impairment that has previously been
recognised as expenditure within th8 Statemenl of financial aclivities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except lo which it off sets any previous revaluation gain, in which case the loss is shown within
olher recognised gains and losses on the slat&ment of financial activities.
Doprnclatlon
D8preciation is calculaled so as lo wrlte off the cost or valuation ol an asset, less ils residual
value, over the useful economic lrfe of thal asset as follows:
Equiwent
25¥0 straight Ilne
Impalrnienl of flxed assets
A review for indicators of impairment is carried out at each reporting date, wilh the recoverable
amount being estimated where such indicalors exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
wssible reversal at each reporting date.
17-

Oxford Contemporary Muslc
Company Limited by Guarantee
Notes to the Flnanclal Statements (contlnuad)
Year ended 31 March 2025
Accountlng pollcles (contlnu•d)
Impairnient ol flxed assets {contlnuod)
For the purposes of impairment testing, when it is not possible to estimate Ihe recoverable
amount of an individual assel, an eslimate is made of the recoverable arnount of the cash-
generating unit to which Ihe ass81 belongs. The cash-generating unit is the smallest idenlifiable
group ol a55ets that includes the asset and generates cash inflow5 that largely independent of the
cash inflows from other assets or groups of assets.
For impairmenl lesting of goodwill, the goodwill acquir8d in a business combination Is, from the
acquisition date, allocated to each of the cash-generating units Ihat are expected lo benefit from
the synergies ol the combination, irrespective of whether other assets or liabilities of the charlty
are assigned to those unil5.
Deflned contrlbutlon plans
Contributions to defined conlribulion plans are recognised as an 8xpense in the period In which
the related seNice is provided. Prepaid contributions are recognised as an asset to the extent
that the prepaymenl will lead to a reduction In future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months ol the end of the
reporting date in which the employees rerKler the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Llmltod by guarantee
The Company is limited by guaranlee and has no share capital. In the event that the Company is
wound up, the liability of the members is limited to one pound.
Donatlon8 and legacles
Unrestrict8d
Funds
Restrlcted Total Funds
Funds
2025
Donallons
Donalions
528
528
Grants
Oxford Cily Council grants
PRSF grants
Arts Council England, South Easi NPO grant
The Cultural Programrne
Swan Mountain Trust
Stanton Ballard Trust
Oxfordshire Community Foundation
University of Oxford Community Fund
Without Walls Consortium
Well Together Grant
6.880
28,400
28,400
189,201
189,201
500
500
70
4,000
70
4,000
229,579
189,729
39,850
18-

Oxford Contemporary Music
Company Llmlted by Guarantee
Noles to the Financial Stalements (contlnued)
Year ended 31 March 2025
Donallons and legacles (contlnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donation8
Donations
1,025
1.025
Grants
Oxford City Council grants
PRSF grants
Arts Council England, South East NPO grant
The Cultural Programme
Swan Mountain Trust
Stanton Ballard Trust
Oxfordshire Community Foundation
University of Oxford Community FLJnd
Without Walls Consortium
Well Together Grant
5,000
12,500
189.201
1,600
6,600
12,500
189,201
9,000
4,000
500
9,895
1.000
633
9,000
4,000
500
9,895
1,000
633
207,726
26,628
234,354
Charltable actlvltles
Unrestricted Total Funds Unrestricted Tolal Funds
Funds
2025
Funds
2024
Other income from charitable activilies
44,710
44,710
13,921
13,921
Expendllure on charltable acllvltleg by fund type
Unrestricted
Funds
Restricled Total Funds
Funds
2025
Projects
Concerts
Educalion
Overheads
33,583
32,307
19.570
53,153
32,307
7.055
163,601
256.116
7,055
2,405
29,030
161,196
227,086
Unrestricled
Funds
Restricted Total Funds
Funds
2024
PrO1￿ts
Concerts
Education
Overh8ads
43,494
29,551
8,616
165,293
246.954
24.028
67,522
29,551
11,216
165,293
2,600
26,628
273.582
19-

Oxford Contemporary Music
Company Llmlted by Guarantee
Notes to tha Financial Ststements (Mntlnu•d)
Year ended 31 March 2025
Expendllure on charilable activities by aclivity type
Activities
undertaken Tolal funds
direclly
2025
Total fund
2024
Projects
Concerts
Education
Overheads
53,153
32,307
7,055
163,601
256,116
53.153
32,307
7,055
163,601
256.116
67,522
29,551
11,216
165.293
273,582
Net Incornel(expendlture)
Net incomellexpendlturel Is staled after chargingl(creditingl',
2025
2024
Depreciation of tangible fixed assets
1,539
1,802
10. Indep¢ndent examlnatlon lees
2025
2024
Fees payable lo the independent examiner lor:
Independent examination of the financial statements
2,340
2,142
11. Staff costs
The total staff costs and employee benefits for the reporting perlod are analysed as follows:
2025
2024
Wages and salaries
Social security costs
Employer contributions io pension plans
116,890
2,680
8,571
128,141
116,152
3,371
9,287
128,810
The average head count of employees durlng the year was 612024: 61. The average number of
full-time equivalent employees during the year is analysed a5 follows:
2025
No.
2024
No.
Number of staff - charitable
No employee received employee benefits of more than £60.000 during the yeaf12024: Nil)-

Oxford Contemporary Music
Company Llmlted by Guarantee
Notes lo the Financial Statements (conNnued)
Year ended 31 March 2025
12. Trustee remuneration and expense8
No Trustees Y￿re paid expenses in the year12024- £nil).
One Trustee re￿iVed £330 in respect of artists fees. The transaction was at arms length.
There was no other remuneration or other benefits from employment with the charity or a related
entiiy which were received by the trustees.
13. Transfers between funds
Fund transfers represents transfers from unrestrlcted to restricted funds to account for excess
expenditure on projects.
14. Tanglble flxed assets
Equipment
Total
Cost
At 1 Aprll 2024 and 31 March 2025
Depreclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
15,348
15.348
12,145
1,539
12,145
1,539
13,684
13,684
Carrylng amount
At 31 March 2025
1,664
3,203
1,664
3,203
At 31 March 2024
15. Debtorg
2025
2024
Trade debtors
Prepayments and accrued Income
Other debtors
10,171
1,062
11,017
1,089
644
11.233
12,750
16. Credltorg.. amounts lalllng du8 wllhln one year
2025
2024
Trade creditors
Accruals and deferred income
Social securily and other taxes
Other creditors
1,792
2.341
1,300
778
11.561
10.537
6,211
22,099
21

Oxford Contemporary Music
Company Llmlted by Guaranlee
Notes to the Flnancial Ststements (contlnu•dJ
Year ended 31 March 2025
17. Penslons and other post retiremont bonafits
Dellned contrlbutlon plans
The amount recognised in income or expenditure as an expense in relation to defined
Contribution plans was £8,57112024: £9,287).
18. Analysls of charltable lunds
Unreatrlcted funds
At
1 April 2024
31 March 202
Income Expendlture
Transfers
General funds
Project costs
Organisational
Contingency
105,305
10,248
234,439
(227,0861
17,153}
7,153
105.505
17,401
10,000
125,553
10,000
132,906
234,439
(227.0861
At
31 March 202
At
1 April 2023
Income Expenditure
Transfers
General funds
Projecl costs
Organisational
Contingency
105,243
25,217
221,647
(227,0151
(10,1991
5,430
14,770)
105,305
10,248
20,400
150,860
(9,7401
1246.9541
1660)
10,000
125,553
221,647
General Funds
3 10 5 months of operating costs in order to cover fluctuations in cash flow and winding down
costs in the circumstance that the charlty ceases tradlng.
Project Funds
Reserves held for project exp6nditure straddling two financial years, plus developmental
activities, fundraising (match funds ringfenced from ACE Catalyst Evolve project) and
replacement of essential office equipmont.
Organlsatlonal Contlngency
A conlingency fund to mitigate against organisational and project financial risks and losses.
-22-

Oxford Contemporary Music
Company Limited by Guarantee
Notes lo the Flnanclal Ststements (contlnued)
Year ended 31 March 2025
18. Analysis of eharilable lunds {¢onllnued)
Restricted funds
At
1 April 2024
At 31 March
2025
Income Expenditure
Transfers
Oxford City Council
Christmas Light Festival
Granl
Swan Mounlain Trust
Oxfordshire Community
Foundation
Stanton Ballard Trusl
University of Oxford
Community Fund
Wilhout Walls
consortium funding
The Cultural Programme
PRS for Music
Foundation Talent
Development Network
Grant
OCVA & Community
First Well Tog8ther
Grant
PRS for Music
Foundation - New Music
Biennial 2025
OCC Big Ideas
1.880
(1,3601
520
500
(500)
70
1701
18,000
(18,0001
4,000
(3,1001
10,400
5,000
(1 ,0001
(5,0001
(29,0301
9,400
39,850
10,820
At
1 April 2023
At 31 March
2024
Income Expenditure
Transfers
Oxford City Councll
Christmas Lighl Festlval
Grant
Swan Mountain Trust
Oxfordshire Community
Foundation
Stanlon Ballard Trust
University of Oxford
Community Fund
Wilhout Walls
consortium funding
The Cultural Programme
PFIS for Music
Foundation - Talent
Development Ne￿rk
Grant
OCVA & Community
First Well Together
Grant
1,600
4,000
(1 ,6001
(4,0001
9,895
500
(9,8951
15001
1,000
11,0001
633
9,000
1633)
{9,000)
-23-

Oxford Contemporary Music
Company Limlted by Guarantee
Notes to Ihe Flnanclal Slalements (contlnuaLIJ
Year ended 31 March 2025
18. Analysis of charltable funds (contlnued)
PRS for Music
Foundation - New Music
Biennial 2025
OCC Big Ideas
26,628
(26,6281
Oxford Clty Councll Community Impact Fund
Awarded for delivery of Ihe Educalion and Outreach programme.
Swan Mountaln Trust
Awarded for development of the Starlings project, transferred to Tandem Collectiv8 for project
delivery.
Oxlordshlre Communlty Foundat5on
Awarded for development of the Starlings project, transferred to Tandem Colleclive for project
delivery.
Stanton Ba118rd Trust
Awarded for development of Ihe Starlings project, transferred lo Tandem Collective lor project
delivery.
Oxford Unlvorslty Communliy Fund
Towards the Listen Upl project - part of the Education and Outreach programme.
Wlthoul Walls Consortlum
Grant toward5 touring Warning Notes by Marf( Anderson.
Oxlord Unlverglty Cultural Programme
Towards Oxford presentation of Warning Not8s and further development for touring purposes.
PAS for Mu8lc Foundatlon - Talent Developmenl Nelwork
Awarded to support our talent dev8lopmenl activity.
OCVA & Communlty Flrsl Well Together
Grant awarded for community and participation work in the Barton area of Oxford, using music
making activities and music events lo support the wellbeing and mantal heallh of people, in
particular families with pre-school children, and early teens.
PRS for Muslc Foundatlon - New Muslc Blennlal 2025
Grant awarded to create and presenl the new commission 'Moth x Human, by Ellie Wilson for the
PRSF New Music Biennial 2025 leslivals at Bradford City of Culture 2025 and Ihe Soulhbank
Centre.
OCC Blg Ideas
Awarded lo support a range of activity delivered in Oxford City in line wilh the Ciiy Council's
priorities.
-24-

Oxford Contemporary Music
Company Limiled by Guarantee
Notes to the Financlal Statements (eonllnu8dJ
Year ended 31 March 2025
19. Analysis ol net a88ets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Current assets
Creditor5 le55 than 1 year
Net assets
1,664
137,453
(6.2111
132,906
1,664
148.273
(6R11)
143,726
10,820
10,820
Unrestricted
Funds
Restricted Total Funds
Fund8
2024
Tangible fixed assets
Current assets
Creditors18ss than 1 year
Net assets
3,203
144,449
{22,0991
125,553
3.203
144,449
122,0991
125,553
-25-