BRADFIELD FESTIVAL OF MUSIC ASSOCIATION (Registered Charity Number 1080130)
ANNUAL REPORT FOR 2024
The Association was formed in October 1997 with the aim of attracting musicians with a national reputation to perform alongside high quality local amateur performers at affordable prices to the public. The Association also wished to encourage young musicians and, from time to time, provide a platform for them to perform. The first week-long Festival was held in July 1998 and the Association was registered as a charity in 2000. The internationally renowned cellist, Julian Lloyd Webber, became the Festival’s President in 2004 and continues to show an active interest in the Festival's development. The Association collaborates with Sheffield Music Hub, a local authority funded service providing opportunities for young people to aspire and develop both musically and academically. In 2007 the Association introduced an annual “Young Musician’s Award Scheme” whereby The Sheffield Music Hub nominates two outstanding and promising young musicians from that academic year. A cash award and certificate are formally presented to the two young musicians during the Festival and they also have the opportunity to give a short performance.
The Venue: St Nicholas’ Church, High Bradfield is a beautiful 15th Century building set in the Peak District. Apart from the historical connection with the Festival, the Church is significant in the Festival’s continuing success as it provides musicians with a wonderful acoustic and a unique atmosphere for their performance.
Management of the Festval: The Festival Committee, comprising 11 Trustees and Associate Trustees, meets about six times per year and is supported by about 10 volunteers, immediately before, during and after the Festival. As well as income from ticket sales the Festival attracts local commercial sponsorship, grants from public funds and charitable trusts, as well as donations from individual benefactors.
The 2024 Festval featured Sheffield Chamber Choir, Jeneba Kanneh-Mason, Ben Goldscheider with Richard Uttley, the Lisa Friend Trio, Camerata from the Royal Concertgebouw Orchestra, the Consone Quartet and the Tim Kliphuis Trio. As always, these provided a wonderful week of music, greatly enjoyed by both audiences and performers. However, in common with many other performance venues, ticket sales were disappointing. Nevertheless, due to the generosity of sponsors the Festival was able to make a surplus this year thus restoring its finances and providing confidence in its future.
For more details, visit the website - www.bradfieldfestivalofmusic.co.uk.
Michael Hunt, Chair of Trustees, 04.11.24
Bradfield Festival of Music
Treasurer’s Report 2023-2024
Mark Hewitt
Final Accounts
The audited final accounts for the 2024 festival are as follows.
Bradfield Festival of Music Final Accounts 2023-2024
| Income Advertising Sponsors Donations Patrons (42) Tickets Gift Aid Interest Total |
2023-2024 2022-2023 Expenditure £0 £0 Artists £7,000 £2,800 Publicity £2,261 £661 Printing £5,560 £4,865 Chair Hire £18,943 £19,564 Making Music Membership & Insurance £1,536 £0 Accommodation, Hospitality & Transport £164 £82 Toilet Hire Piano Hire and Transport St Nicholas Lighting and Sound Online services Other Sub Total Balance (Income over Expenditure) £35,463 £27,972 Total Balance Sheet as at 30 September 2024 HSBC a/c Virgin Bank a/c Total Assets Trustees’ funds at 30 Sep 2024 Plus surplus 2023-24 Trustees’ funds at 30 Sep 2024 |
2023-2024 2022-2023 £16,211 £17,972 £1,623 £2,138 £1,917 £2,027 £478 £528 £693 £667 £3,023 £3,200 £660 £750 £1,500 £1,500 £1,400 £1,400 £1,560 £1,584 £809 £0 £1,204 £1,945 |
2023-2024 2022-2023 £16,211 £17,972 £1,623 £2,138 £1,917 £2,027 £478 £528 £693 £667 £3,023 £3,200 £660 £750 £1,500 £1,500 £1,400 £1,400 £1,560 £1,584 £809 £0 £1,204 £1,945 |
|---|---|---|---|
| £31,077 | £33,710 | ||
| £4,386 | -£5,738 | ||
| £35,463 | £27,972 | ||
| £4,828 £606 £20,830 £20,666 |
|||
| £25,658 | £21,272 | ||
| £21,272 £4,386 £25,658 |
|||
| £21,272 | |||
| £4,386 | |||
| £25,658 |
I have examined these accounts and agree that they are a true and accurate record of income and expenditure in 2023/24 and of the financial position as at 30 September 2024.
David Kyle, Chartered Management Accountant, 21 October 2024
1
Performance against budget
In addition, the Festival’s financial performance in 2024 against budgets is as follows:
| Expenditure Budget Actual Artists £16,700 £16,211 Publicity £2,000 £1,623 Printing £2,300 £1,917 Chair hire £590 £478 Insurance £700 £693 Accommodation £3,200 £1,178 Hospitality £1,845 Toilet hire £830 £660 Piano hire £1,700 £1,500 St Nicholas £1,400 £1,400 Lighting £1,800 £1,560 Little Box Office £790 £626 Wordpress £0 £183 Other £1,400 £1,204 |
Expenditure Budget Actual Artists £16,700 £16,211 Publicity £2,000 £1,623 Printing £2,300 £1,917 Chair hire £590 £478 Insurance £700 £693 Accommodation £3,200 £1,178 Hospitality £1,845 Toilet hire £830 £660 Piano hire £1,700 £1,500 St Nicholas £1,400 £1,400 Lighting £1,800 £1,560 Little Box Office £790 £626 Wordpress £0 £183 Other £1,400 £1,204 |
Expenditure Budget Actual Artists £16,700 £16,211 Publicity £2,000 £1,623 Printing £2,300 £1,917 Chair hire £590 £478 Insurance £700 £693 Accommodation £3,200 £1,178 Hospitality £1,845 Toilet hire £830 £660 Piano hire £1,700 £1,500 St Nicholas £1,400 £1,400 Lighting £1,800 £1,560 Little Box Office £790 £626 Wordpress £0 £183 Other £1,400 £1,204 |
|---|---|---|
| Total Expenditure | £33,410 | £31,077 |
| Income Actual Advertising £0 Sponsors £7,000 Donations £2,661 Patrons £5,560 Tickets £18,943 Gift Aid £1,536 Interest £164 |
||
| Total Income £35,863 |
||
| Patrons Budget Actual Ticket price £133 Number 60 42 |
||
| Total Patrons’ Income | £7,980 | £5,586 |
2
Highlights
-
The festival made a surplus of £4,386 this year, which is a year on year turnaround of £10,124 on the loss of £5,738 in 2023.
-
In almost every area of expense, we reduced our liabilities both from those in 2023, and against our expected budget for 2023.
-
Ticket sales were down in 2024 compared with 2023 by £621.
-
The reason for our financial surplus in 2024 is due to:
-
The reduction in expenses.
-
Sizeable new sources of funding from trusts and from private donations.
-
Incremental increases in gifts from regular sponsors.
-
Bringing our Gift Aid claim up to date with all donations made to the festival.
3
Bradfield Festival of Music
Treasurer’s Report 2023-2024
Mark Hewitt
Final Accounts
The audited final accounts for the 2024 festival are as follows.
Bradfield Festival of Music Final Accounts 2023-2024
| Income Advertising Sponsors Donations Patrons (42) Tickets Gift Aid Interest Total |
2023-2024 2022-2023 Expenditure £0 £0 Artists £7,000 £2,800 Publicity £2,261 £661 Printing £5,560 £4,865 Chair Hire £18,943 £19,564 Making Music Membership & Insurance £1,536 £0 Accommodation, Hospitality & Transport £164 £82 Toilet Hire Piano Hire and Transport St Nicholas Lighting and Sound Online services Other Sub Total Balance (Income over Expenditure) £35,463 £27,972 Total Balance Sheet as at 30 September 2024 HSBC a/c Virgin Bank a/c Total Assets Trustees’ funds at 30 Sep 2024 Plus surplus 2023-24 Trustees’ funds at 30 Sep 2024 |
2023-2024 2022-2023 £16,211 £17,972 £1,623 £2,138 £1,917 £2,027 £478 £528 £693 £667 £3,023 £3,200 £660 £750 £1,500 £1,500 £1,400 £1,400 £1,560 £1,584 £809 £0 £1,204 £1,945 |
2023-2024 2022-2023 £16,211 £17,972 £1,623 £2,138 £1,917 £2,027 £478 £528 £693 £667 £3,023 £3,200 £660 £750 £1,500 £1,500 £1,400 £1,400 £1,560 £1,584 £809 £0 £1,204 £1,945 |
|---|---|---|---|
| £31,077 | £33,710 | ||
| £4,386 | -£5,738 | ||
| £35,463 | £27,972 | ||
| £4,828 £606 £20,830 £20,666 |
|||
| £25,658 | £21,272 | ||
| £21,272 £4,386 £25,658 |
|||
| £21,272 | |||
| £4,386 | |||
| £25,658 |
I have examined these accounts and agree that they are a true and accurate record of income and expenditure in 2023/24 and of the financial position as at 30 September 2024.
David Kyle, Chartered Management Accountant, 21 October 2024
1
Performance against budget
In addition, the Festival’s financial performance in 2024 against budgets is as follows:
| Expenditure Budget Actual Artists £16,700 £16,211 Publicity £2,000 £1,623 Printing £2,300 £1,917 Chair hire £590 £478 Insurance £700 £693 Accommodation £3,200 £1,178 Hospitality £1,845 Toilet hire £830 £660 Piano hire £1,700 £1,500 St Nicholas £1,400 £1,400 Lighting £1,800 £1,560 Little Box Office £790 £626 Wordpress £0 £183 Other £1,400 £1,204 |
Expenditure Budget Actual Artists £16,700 £16,211 Publicity £2,000 £1,623 Printing £2,300 £1,917 Chair hire £590 £478 Insurance £700 £693 Accommodation £3,200 £1,178 Hospitality £1,845 Toilet hire £830 £660 Piano hire £1,700 £1,500 St Nicholas £1,400 £1,400 Lighting £1,800 £1,560 Little Box Office £790 £626 Wordpress £0 £183 Other £1,400 £1,204 |
Expenditure Budget Actual Artists £16,700 £16,211 Publicity £2,000 £1,623 Printing £2,300 £1,917 Chair hire £590 £478 Insurance £700 £693 Accommodation £3,200 £1,178 Hospitality £1,845 Toilet hire £830 £660 Piano hire £1,700 £1,500 St Nicholas £1,400 £1,400 Lighting £1,800 £1,560 Little Box Office £790 £626 Wordpress £0 £183 Other £1,400 £1,204 |
|---|---|---|
| Total Expenditure | £33,410 | £31,077 |
| Income Actual Advertising £0 Sponsors £7,000 Donations £2,661 Patrons £5,560 Tickets £18,943 Gift Aid £1,536 Interest £164 |
||
| Total Income £35,863 |
||
| Patrons Budget Actual Ticket price £133 Number 60 42 |
||
| Total Patrons’ Income | £7,980 | £5,586 |
2
Highlights
-
The festival made a surplus of £4,386 this year, which is a year on year turnaround of £10,124 on the loss of £5,738 in 2023.
-
In almost every area of expense, we reduced our liabilities both from those in 2023, and against our expected budget for 2023.
-
Ticket sales were down in 2024 compared with 2023 by £621.
-
The reason for our financial surplus in 2024 is due to:
-
The reduction in expenses.
-
Sizeable new sources of funding from trusts and from private donations.
-
Incremental increases in gifts from regular sponsors.
-
Bringing our Gift Aid claim up to date with all donations made to the festival.
3