mf accounts ended 2021 Oct 31 to HMRC.xlsx 

## **MUSIC IN MAYFIELD LIMITED** 

Trustees Mr J F Jones Mr H Swanton Secretary Mr J F Jones Charity Number 1081068 Company Number 3657416 Registered Office Lucks Farmhouse Punnetts Town Heathfield East Sussex  TN21 9HU Independent Examiner Jeanette Banks 25 Vale Road Southborough Kent  TN4 0QH **Balance Sheet as at 31 October 2021** Current Assets Bank Account £28,326 Prepayments Total Net Current Assets £28,326 Creditors Trade Creditors £0 Total Creditors £0 Net Assets £28,326 



mf accounts ended 2021 Oct 31 to HMRC.xlsx 

Funds of the Charity Unrestricted Funds 

£28,326 

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. 

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006 

The directors acknowledge their responsibility for complying witht the requirements of the Act with resepct to the accounting records and for the preparation of the accounts 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime 

This report was approved by the trustees on 30 June 2022 And signed on behalf of the board by: 

Mr J F Jones Director 

**Statement of Financial Activities Including Income and Expenditure Account for the year ended 31 October 2021** 

|Income from:<br>Incoming resources from charitable activities<br>Investment Income<br>Total Income<br>Expenditure on:|2021<br>2020<br>£<br>£<br>35544<br>24612|
|---|---|
||35544<br>24612|
|||





mf accounts ended 2021 Oct 31 to HMRC.xlsx 

|Charitable Activities<br>Net income/(expenditure) for the year/<br>Net movement in funds<br>Fund balances at 1 November 2020<br>Fund balances at 31 October 2021|32181<br>19468|
|---|---|
||3363<br>5144<br>24963<br>19819|
||28326<br>24963|



The statement of financial expenditure derive from continuing activites. 

The statement of financial activities also complies with the requirements for an income and expenditure account nder the Companies Act 2006 

## **Trustees' Report (including Directors' Report) for the Year Ended 31 October 2021** 

The trustees present their report and accounts for the year ended 31 October 2021 

The accounts have been prepared in accordance with the accounting policies set out in the notes in the balance sheet and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Practice applicable in the UK (FRS 102) effective January 2015 

## **Objective and activities** 

The objects of the charity are to promote public education in, and appreciation of, the arts and science of music; particularly but not exclusively for events within the parish of Mayfield; together with the organisation and running of the biennial classical music festival in Mayfield known as 'Mayfield Festival of Music and the Arts'. 

The trustees have paid due regard to Public Benefit guidance issues by the Charity Commmission in deciding what activites the charity should undertake. 

## **Achivements and Performance** 

Mayfield Festival of Music and the Arts takes place in 'even years'.  The Festival due to held in April/May 2020 has been postponed untl 2022.  In July 2021 the Festival held a mid-summer music weekend 

## **Financial Review** 



mf accounts ended 2021 Oct 31 to HMRC.xlsx 

Reserves rose by £3,363 to £28,326.  The reserves are currently low but it is the aim of the trustees to build up the unrestricted reserves to £35,000 which will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while considering ways either to reflect and act on changes in Mayfield's artistic demands or in which additional funds may be raised. 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. 

None of the trustees has any beneficial interest in the company.  All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. 

## **Structure, governance and management** 

The charity is run by the Board of Trustees who give their time and expertise voluntarily and receive no benefits from the charity. The Board of Trustees is involved with the strategic, financial and governance issues as well as the day-to-day planning of the Festival, which is undertaken in conjunction with the Festival's Artistic Director, Jeremy Summerly. 

Trustees are required to retire by rotation at each Annual General Meeting but can stand for reappointment if their vacancy is not filled. There is no maximum period for which a trustee can serve. 

## **Asset cover for funds** 

The assets are considered sufficient to meet the charity's obligations 

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. 

The trustees' report was approved by the Board of Trustees 

## **Mr J F Jones** 

Trustee Dated 30 June 2022 

## **Independent Examiner's Report to the Trustees of Music in Mayfield Ltd** 

I report on the accounts of the charity for the year ended 31 October 2021 which are set out in these accounts. 

Respective responsibilities of trustees and examiner 



mf accounts ended 2021 Oct 31 to HMRC.xlsx 

The charity's trustees, who are also the directors of Music in Mayfield Limited for the purpose of company law, are resposible for the preparation of the accounts.  The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. 

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my resposibility to: 

1.   examine the accounts under section 145 of the 2011 Act; 

2.   to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

3.   to state whether particular matters have come to my attention. 

## **Basis of independent examiner's report** 

My examination was carried out in accordance with the general Directions given by the Charity Commission.  An examination includes a review of the accounting records kept by the charity and a comparision of the accounts presented with those records.  It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.  The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

(a) 

which gives me reasonable cause to believe that in any material respect the requirements: 

(i)  to keep accounting records in accordance with section 386 of the Companies Act 2006; and 

(ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; 

have not been met or 

to which, in my opinion, attention should be drawn in order to enable a proper (b) understanding of the accounts to be reached. 

Jeanette Banks 25 Vale Road Southborough Kent  TN4 0QH 

Dated 30 Jun 2022