**Wye Valley Chamber Music Festival Ltd** **Registered Company Number 04762005 Registered Charity Number 1100171** ## **Report and Accounts** **Year ended 31 August 2023 Wye Valley Chamber Music Festival Ltd** 1 ## **Contents of the Report and Accounts for the year ended 31 August 2023** |Director's report|3| |---|---| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the accounts|7-8| 2 ## **Wye Valley Chamber Music Festival Ltd** ## **Director's Report** The director presents his report and accounts for the period ended 31 August 2023 ## Principal activities The company's principal activity during the year continued to be organizing the Wye Valley Chamber Music Festival. ## Director The following person served as director during the year: Daniel Tong ## Directors 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 which give a true and fair view of the state of affairs of the company and of the incoming resources and the application of resource, including income and expenditure, of the company for that period. In preparing these accounts the director is required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charity SORP; - 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. 02/05/2024 This report was approved by the board on ….................................. Daniel Tong Director 3 ## **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 2023 set out on pages 5 to 8. ## **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 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 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 25th April 2024 4 ## **Wye Valley Chamber Music Festival Ltd** ## **Statement of Financial Activities for the year ended 31 August 2023** |**Income (Note 2)**
**Income from:**
Donations
Charitable activities
Other income
**Total**
**Expenditure**
**Expenditure on:**
Raising funds
Charitable activities
**Total**
**Net income/(expenditure)**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**|2022
Unrestricted funds
Total funds
Total funds
£
£
£
24,316
24,316
16,704
18,043
18,043
26,698
250 250
-
42,609 42,609 43,402
4,304 4,304 2,730
49,885
49,885
36,906
54,190 54,190 39,636
(11,581) (11,581) 3,766
36,168
36,168
32,402
24,587 24,587 36,168
2023| |---|---| 5 ## **Wye Valley Chamber Music Festival Ltd** ## **Balance Sheet as at 31 August 2023** ||2023||2022| |---|---|---|---| ||Unrestricted funds|Total funds|Total funds| |**Current assets**|£|£|£| |Debtors (Note 3)|6,056 6,056 10,386|6,056 6,056 10,386|6,056 6,056 10,386| |Investments (Note 4)|10,000
10,000|10,000|10,000| |Cash at bank and in hand (Note 5)|8,687 8,687 23,209|8,687 8,687 23,209|8,687 8,687 23,209| ||24,743 24,743 43,595|24,743 24,743 43,595|24,743 24,743 43,595| |**Creditors: amounts falling due within on year**|||| |**(Note 6)**|156 156 7,427|156 156 7,427|156 156 7,427| |**Net current assets**|24,587
24,587|24,587|36,168| |**Total net assets**|24,587
24,587|24,587|36,168| |**Funds of the charity**|||| |**Unresticted funds**|24,587 24,587 36,168|24,587 24,587 36,168|24,587 24,587 36,168| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that the member has not required the company to obtain an audit in accordance with section 476 of the Act. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies' regime. Daniel Tong Director Approved by the board on ….......................... 6 ## **Wye Valley Chamber Music Festival Ltd** ## **Notes to the accounts** ## **for the year ended 31 August 2023** ## **Note 1 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 andReporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicablein 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**
Donations
Donations and gifts
Gift aid
Grants provided by other charities
Total
Charitable activities
Other income
**Total income**
**Note 3 Debtors**
Analysis of debtors
Prepayments and accrued income
Total debtors
**Note 4 Investments**
The value of all investments is stated at historic cost
Analysis of current asset investments
Listed investments
**Note 5 Cash at bank and on hand**
Short term deposits
Cash at bank and on hand
Total|2022
Unrestricted funds
Total funds
Total funds
£
£
£
9,157
9,157
12,303
1,659
1,659
4,401
13,500
13,500
0
24,316 24,316 16,704
18,043
18,043
26,698
250
250
0
42,609
42,609
43,402
2023
2022
£
£
6,056
10,386
6,056
10,386
2023
2022
£
£
10,000
10,000
2023
2022
£
£
5,067
10,017
3,620
13,192
8,687
23,209
2023| |---|---| 7 |**Note 6 Creditors and accruals**
Accruals for grants payable
Accruals and deferred income
Total
**Note 7 Related party transactions**|2023
2022
£
£
8,000
156
600
156
8,600| |---|---| During the year purchases of wine were made from Fingal Rock, which is the business of sole trader Tom Innes, who is also a Trustee. Premises for charitable events are hired from R.A. & J.P. Wheelock, a partnership of which the Independent Examiner, John Wheelock, is a member. 8