2021-08-31-accounts - Wye Valley Chamber Music Festival

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Wye Valley Chamber Music Festival Ltd

Registered Company Number 04762005 Registered Charity Number 1100171

Report and Accounts

For the Year ended 31 August 2021

Wye Valley Chamber Music Festival Ltd

Content of the Report and Accounts for the year ended 31 August 2021

Director’s Report	3
Independent Examiner’s Report	4
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8

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Wye Valley Chamber Music Festival Ltd

Director's Report

The director presents his report and accounts for the trading period ended 31 August 2021.

Principal activities

The company's principal activity during the year continued to be organising the Wye Valley Chamber Music Festival.

Director

The following person served as director during the year: Daniel Tong

Director’s Responsibilities

The director is responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The accounts are required by law to give a true and fair view of the state of affairs of the company and of the i n c o m i n g r e s o u r c e s a n d t h e a p p l i c a t i o n o f r e s o u r c e s of the company for that period. In preparing these accounts the director is required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate records that disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the accounts comply with the Companies Act 2006. He is 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.

Small company provisions This report has been prepared in accordance with the provisions in part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on . Daniel Tong Director

Independent Examiner’s Report to the Trustees of Wye Valley Chamber Music Festival

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 August 2021 set out on pages 6 to 9.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of
the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

John Wheelock

Wye Valley Chamber Music Festival Ltd

Statement of Financial Activities for the year ended 31 August 2021 2021 2020 Unrestricted funds Total funds Total funds Income (Note 2) £ £ £ Income from: Donations 11,632 11,632 15,298 Charitable activities 17,172 17,172 19,147 Investments 1 1 5 Total 28,805 28,805 34,450 Expenditure Expenditure on: Raising funds 2,890 2,890 2,654 Charitable activities 25,051 25,051 30,585 Total 27,941 27,941 33,239 Net income/(expenditure) 864 864 1,211.00 Reconciliation of funds Total funds brought forward 31,538 31,538 30,327 Total funds carried forward 32,402 32,402 31,538

W>e Valley Chamber Music Fe$¢ii'al Ltd Il#l#n¢¢ .%htet as at 31 Augy%t 21121 2021 2020 Unrcstricled funds Totsl funds Tolal funds Current asSCtS Debtors (Note 31 Invesiments (Note 41 Cash at bank and in hand (Note 5) 9.241 10.000 21,761 41.002 9.241 I O,(KK) 21.761 41.IKI2 6,969 10,0 23,169 40.138 Creditors: amounts falllng due within on year (liote 6) l%et turrent assets 32.402 32.402 31.538 Tolal net asset5 32.402 3?.402 Funds of the charity L,nresticted funds 32.402 3?,407 The director is satisfied ihat the company is enliiled to exemption from ihe requirement to obtain an audii under section 477 of Ihe Companies Act 2006 and that the mem[ has not required ihe company to obtain an audil in accordance with section 476 of the Act. The director acknowledges his res)nSibl]It1eS for Complying wilh the requirernents of the Companies Acl 2006 with respect to accounting records and the preparation of ac¢ounts. The accounts have bcen prepared in aOrdanCe with the provisions in Part 15 of the Companies Act 2006 applicable io companie5 subject to the small companies. re¥ime. Daniel Tong, Direclur Approved by the board on ....

Wye Valley Chamber Music Festival Ltd

Notes to the accounts for the year ended 31 August 2021

Note1 __ Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Note 2 Income 2021 2020 Unrestricted funds Total funds Total funds Donations £ £ £ Donations and gifts 6,726 6,726 10,389 Gift aid 4,906 4,906 4,909 Grants provided by other charities 0 0 6,000 Total 11,632 11,632 21,298 Charitable activities 17,172 17,172 13,147 Interest income 1 1 5 Total income 28,805 28,805 34,450 Note 3 Debtors 2021 2020 Analysis of debtors £ £ Prepayments and accrued income 9,241 6,969 Total debtors 9,241 6,969 Note 4 Investments 2021 2020 The value of all investments is stated at historic cost £ £ Analysis of current asset investments Listed investments 10,000 10,000 Note 5 Cash at bank and on hand 2021 2020 £ £ Short term deposits 10,017 10,016 Cash at bank and on hand 11,744 13,153 Total 21,761 23,169

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2021 2020 £ £ 8,000 8,000 600 600 8,600 8,600

Note 6 Creditors and accruals

Accruals for grants payable Accruals and deferred income Total

Note 7 Related party transactions

During the year purchases of wine were made from Fingal Rock, a company of whicha trustee, Tom Innes, is a director.

Premises for charitable events are hired from R.A. & J.P. Wheelock, a partnership of which the Independent Examiner, John Wheelock, is a member.