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2022-11-30-accounts

Registered Charity Number

1111458 Registered Company Number 05485276

Oxford Lieder

(A company limited by guarantee)

Report and Financial Statements Year ending 30 November 2022

Oxford Lieder

The report of the Trustees for the year ended 30 November 2022

Introduction

The Trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 30 November 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The Trustees consider the financial performance by the charity during the year to have been satisfactory.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Purposes and activities

Under the terms of its Memorandum and Articles of Association, the company was established to promote and advance education in music and the arts, especially singing, in the City of Oxford and elsewhere, through the presentation of concerts, festivals, lectures and recordings, and by active participation, for the benefit of every section of the community.

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘ Public benefit: running a charity (PB2) ’.

The Charity’s Grant-making policies

Grants are made from the Trufflehunter Fund for the purposes of support for young singers and musicians, such as through the Oxford Lieder Young Artist Platform, the Mastercourse and purchase of musical instruments. Such grants are made from time to time, in accordance with the expressed wishes of the sole donor to the Fund.

Summary of main activities of the charity in relation to its objects

The main activities during the year have continued to be the promotion of the Oxford Lieder Festival and a smallerscale series of year-round concerts, together with an expansion of the successful outreach and education programmes. The strategies to achieve the charity’s objectives are to promote song through concerts and educational programmes for all sectors of the community, to educate and involve young people in the arts, to celebrate a diversity of cultures through presentations by, and with, artists of different cultural backgrounds, and to programme a broad range of arts work, including talks, residencies, recordings and workshops.

Achievements and Performance of the Charity

Oxford Lieder is one of the world’s leading promoters of classical song, inspiring thousands of people annually through exceptional concerts, enlightening study events and wide-ranging opportunities for participation. The Oxford Lieder Festival, the focal point of our year each October, is the UK’s largest festival of song and has been the recipient of a prestigious Royal Philharmonic Society Award, cited for its ‘breadth, depth and audacity of programming’.

Oxford Lieder has a mission to re-establish an appreciation of song; the meeting of words, music, languages and artistry that can be so powerful, yet has been neglected in recent decades. The hallmarks of Oxford Lieder are:

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Oxford Lieder

The report of the Trustees for the year ended 30 November 2022

The 21st Oxford Lieder Festival, Friendship in Song: An Intimate Art comprised 76 events featuring 220 artists and speakers in a range of venues. The theme of friendship seemed particularly appropriate after the challenges posed by the pandemic over the last two years, and both we and our audiences were delighted to return to a more ‘normal’ Festival format of live concerts in full venues across the city of Oxford. Attendance exceeded 10,900 with an estimated further 500,000 people listening to our radio broadcasts. As well as our core audience we were delighted to welcome audience members from all over the world who had engaged with our online programmes in 2020 and 2021, and came in person for the first time in 2022. Thanks to these strong and receptive audiences and the continuing generosity of our donors, we ended the year in a stable financial position.

Our concert season began in November 2021 with baritone James Atkinson and Sholto Kynoch starting our touring series in Wolfson College, Oxford. We continued this series throughout 2022, presenting outstanding early-career singers at twenty recitals at Wolfson College, Fairlight Hall, Rye Creative Centre, the Barber Institute and Cedars Hall.

We were delighted to resume our annual mini-festival Spring Song in March 2022, presenting seven study events and concerts over four days from the Holywell Music Room and the brand-new Levine Building of Trinity College, Oxford. We also launched our redeveloped Young Artist Programme, holding auditions of the best emerging professionals from around the UK to appoint Oxford Lieder Young Artists for 2022-23.

Overall, 2022 was a year in which we built on the successes of our online programmes in 2020 and 2021 to expand our audience, raise our profile nationally and internationally, and deliver diverse and innovative artistic and education programmes focussed on classical song. We are also now looking ahead to milestone Festivals in future years, with an ambitious strategy to further expand our audiences and secure Oxford as an international centre for song. Our extraordinarily generous base of supporters shares our commitment to world-class music in the heart of Oxford, and will be pivotal in realising our potential in 2023 and beyond.

THE OXFORD LIEDER FESTIVAL: 14th-29th October 2022

The 21st Oxford Lieder Festival , Friendship in Song: An Intimate Art

“ The excellent and indispensable Oxford Lieder Festival ” – Ivan Hewett, The Telegraph

The 21[st] Oxford Lieder Festival explored song as an art form that grew up among friends, often at special and sociable gatherings, and inspired many composers’ most personal and profound works. Our concerts and study events looked at friendships between composers, poets and performers, and recreated the intimate atmosphere of the salon through diverse repertoire and performances in a range of venues including the Holywell Music Room, Somerville and Merton College Chapels, SJE Arts and cocktail bars Freud’s and The Mad Hatter. At the heart of the programme were 16 headline evening concerts given by stars including Kate Royal, Christine Rice, Julius Drake, Christopher Purves, Dorothea Röschmann, Christoph Prégardien, Carolyn Sampson and Dame Sarah Connolly. Mark Padmore CBE was our Artist in Residence.

We celebrated the 150[th] anniversary of Vaughan Williams, collaborating with the BBC New Generation Artists scheme and presenting four recitals by Ashley Riches, Kathryn Rudge, Ailish Tynan and Alessandro Fisher which were broadcast live on Radio 3.

For the first time we presented a series of lute song concerts to explore the ancestor of the modern song recital, with performances by Benjamin Appl with Thomas Dunford, Helen Charlston with Toby Carr, and Mark Padmore with Elizabeth Kenny. We also featured a strand of self-accompanied recitals given by singer-pianists Thomas Oliemans, Claire Booth and Rachel Fenlon.

We presented the first in our annual series of Schubert Weekends, which we have begun in 2022 to carry us through to the bicentenary of the composer’s death in 2028. Pre-eminent scholar-pianist Graham Johnson presented a lecture-recital on Schubert’s life in 1822, and the concert programmes of Mark Padmore & Ryan Wigglesworth, Birgid Steinberger & Julius Drake, and Werner Güra & Christoph Berner all focussed on Schubert.

Highlights of our popular Lunchtime Series included memorable performances by Elizabeth Llewellyn, Simon Lepper, Yajie Zhang, Hartmut Höll, Michael Mofidian, Keval Shah, Joshua Stewart and Deirdre Brenner.

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Oxford Lieder

The report of the Trustees for the year ended 30 November 2022

‘SONG CONNECTIONS’

A key component of the Oxford Lieder Festival is our wide-ranging programme of study events – ‘Song Connections’ – which complement the musical programme. This year’s ‘Song Connections’ events explored a diverse range of topics including the history of salon music making, several events focused on English song around the Vaughan Williams anniversary, international cultural friendships cultivated by Isaiah Berlin, and two composer events. We also presented an event on the contemporary Ukrainian composer Valentin Silvestrov, including a memorable performance of a portion of his monumental ‘Quiet Songs’ given by Lotte Betts-Dean and Natalie Burch.

We were delighted to continue our partnership with Oxford Botanic Garden and SongPath, a mental-health initiative founded by Jess Dandy (a former Oxford Lieder Young Artist) and Joanna Harries that provides participants with nourishing ways of connecting through walking, talking and music-making. They led two SongPaths as part of the Festival, as well as delivering workshops for Oxfordshire Mind.

NEW MUSIC: SONG FUTURES

Contemporary music has long been an integral part of our Festival programmes and this year we commissioned two new works, presented world premieres of four and programmed songs by twenty-two living composers across the Festival as part of our Song Futures programme. Our major commission for 2022 was ‘A Place Called Paradise’ by our newly appointed Associate Composer for 2022 and 2023 Alex Ho with text by Theophilus Kwek, the premiere of which, given by British-Singaporean mezzo-soprano Fleur Barron and BBC New Generation Artist pianist Kunal Lahiry, was one of our Festival highlights. The world premieres of Portraits Of A Mind by Ian Venables, Love & Endings by Elena Langer and Words by William Harmer were also important contributions both to our Festival programme and the repertoire more widely.

We were also thrilled that our Song Futures programme received significant recognition in the 2022 Ivors Composers Awards, with two of our commissions from the 2021 Oxford Lieder Festival, Madame ma bonne sœur by Brett Dean and Natural World by Laurence Crane winning in the chamber and small chamber categories respectively. Our previous Associate Composer Cheryl Frances-Hoad also won an award.

We are particularly grateful to the Nicholas John Trust, Founder Supporters of Song Futures .

COLLABORATIONS

We continue to seek and nurture collaborations to broaden our reach, open up new areas for artistic exploration, and bring song to new audiences. This year we worked with TORCH and the Humanities Cultural Programme, Oxford Botanic Garden, Trinity College, the Bodleian Libraries, and SongPath, as well as continuing our fruitful international partnerships with Life Victoria and Zeist International Lied Festival. We were also delighted to begin a new partnership with Beethovenfest Bonn by presenting an innovative concert programme in both Bonn and Oxford devised by BeethovenFest Bonn’s Artistic Director Steven Walter which blended poets’ differing perspectives of life and love through a reading of Thomas Mann’s short story Tonio Kröger read by Sir Thomas Allen, interspersed with Schumann’s Dichterliebe and Elena Langer’s Landscape for Three People. We are looking forward to continuing all of these partnerships in 2023.

LEARNING & PARTICIPATION

In 2022 we were able to deliver the major expansion of our Schools Programme with our partner school St Francis C.E. Primary School, Oxford. Our creative team engaged all pupils in Years 2-6 (approximately 160 pupils in total) in singing and creative activities across two academic terms. The project culminated in a memorable and uplifting concert in SJE Arts for a public audience – including parents and the school community – in which each class performed the song they had written with the support of our creative team. We have been working with St Francis since September 2020 and the feedback we have received from the school demonstrates that our project has had a positive and meaningful impact on pupils over the past two years.

‘St Francis community has gained a lot from being involved and it is an experience that many children and staff will reflect on for years to come.’ – Teacher, St Francis C.E. Primary

In September 2022 we began our Schools Programme with our new partner school St Frideswide Primary School, and we are looking forward to engaging all pupils at this school over the 2022/23 academic year.

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Oxford Lieder

The report of the Trustees for the year ended 30 November 2022

Supporting young and emerging artists has always been a central part of our core activity, and 2022 marked an important step up in our provision for these artists. In March we launched our redeveloped and expanded Young Artist Programme, which will offer a 12-month, world-class professional development opportunity for a selection of early-career artists from March 2022, and combines our residential Mastercourse, Young Artist Platform, Emerging Artist Festival performances and Young Artist Recitals initiatives into a holistic and integrated package of support.

Eighteen singer/pianist duos gave 25-minute auditions for our audience as part of our Spring Song mini-festival in March. The standard was exceptional, and we were delighted to appoint the eleven duos to be Oxford Lieder Young Artists for 2022/23. The appointed Young Artists participated in our renowned Mastercourse – a weeklong residential of masterclasses and performance opportunities – with Lead Tutor Mark Padmore and a number of guest tutors, during the second week of the Oxford Lieder Festival. Over the duration of the Programme, the Young Artists have participated in other performance opportunities including study events in the Oxford Lieder Festival and with our partner promoters abroad. The Programme culminates in showcase recitals to be given during our Spring Song mini-festival in April 2023.

SPRING SONG – 17-20 March 2022

We were delighted to present our Spring Song mini-festival fully in-person after pandemic disruption in Springs 2020 and 2021. We presented 13 events over 4 days, with a particular focus on women composers. Study events presented in partnership with SWAP’ra (Supporting Women And Parents in Opera) led by Natasha Loges and Kate Kennedy explored songs of explore songs by Hedwige Chrétien, Margarete Schweikert, Elizabeth Maconchy and Johanna Müller-Hermann. Our evening concert series was given by Paula Murrihy, Mary Bevan and Brindley Sherratt. Earlycareer artists gave ‘Emerging Artist’ recitals at the beginning of our headline evening concerts, also in partnership with SWAP’ra, and illustrated the study events.

SONG AT WOLFSON, FAIRLIGHT HALL, RYE CREATIVE CENTRE & CEDARS HALL

Our touring series with our promoter partners continues to go from strength to strength. Through this series, Oxford Lieder’s Artistic Director, Sholto Kynoch, introduces exceptional emerging professional singers who are a little further into their careers than our Young Artists, but who are not yet household names. James Atkinson, Joanna Harries, Caspar Singh, Olivia Boen and Rozanna Madylus each gave performances in Wolfson College, Fairlight Hall and Rye Creative Centre. In January 2022 we were also thrilled to begin a new partnership with Cedars Hall in Wells and to continue our partnership with the Barber Institute, University of Birmingham. This series continues to be popular with our audience and enables Oxford Lieder to further support emerging artists and reach new audiences.

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Oxford Lieder

The report of the Trustees for the year ended 30 November 2022

Financial Review

Reserves policy and Going Concern

The Trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. This is set at the amount sufficient to pay for the governance and support costs of the operation for a period of six months. On the basis of the costs for the year ended 30th November 2022, the Trustees would wish to maintain the unrestricted reserve at a minimum level of £146,475. The actual unrestricted reserve at 30th November 2022 amounted to £97,754.

The trustees are mindful of the need to increase the unrestricted reserves. The Trustees are of the view that, based on their assessment of the 2022 results and the fundraising plans now in place, the charity is a going concern.

Availability and adequacy of assets of each of the funds

The Board of Trustees is satisfied that the charity’s assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Transactions and Financial position

The accounts are set out on pages 10 to 13. As stated in the introduction to this report, the Trustees consider the financial performance by the charity during the year to have been satisfactory.

There were no other incoming or outgoing resources.

Amount of reserves held

The total reserves at the year-end stand at £225,913 (2021 £190,092).

Reference and Administrative details

Name, registered office and constitution of the charity

The full name of the charity is Oxford Lieder.

The legal registration details are:-

Date of incorporation 20th June 2005 Company Registration Number 5485276 The Registered Office is: 37 Fairacres Road, Oxford OX4 1TH Charity Registration Number 1111458

Directors

Charles Alexander Nicola Creed Hamish Forsyth (appointed 16 May 2022) Julian Hall Nigel Hamway (Chairman) John Krebs Charles Naylor Sarah Taylor

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Oxford Lieder

The report of the Trustees for the year ended 30 November 2022

Bankers

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling

Structure, governance and management

Nature of the Governing Document and constitution of the charity

Oxford Lieder Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 20 June 2005. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently 8 members, each of whom agrees to contribute up to £10 in the event of the charity winding up.

The methods adopted for the recruitment and appointment of new Trustees

The members attending the annual meeting elect Trustees to serve for a term of three years. The Trustees have the power to co-opt further members to assist them in their work. Co-opted members may serve for a period of up to three years.

The policies and procedures adopted for the induction and training of Trustees

New Trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the decision making processes, and the recent financial performance of the charity.

The organisational structure of the charity and how decisions are made

The board of Trustees, which can have up to 10 members and at least 5 members at any one time, administers the charity. The board meets approximately quarterly. The Artistic Director and Director of Administration have delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment and artistic performance-related activity.

The major risks to which the charity is exposed, and reviews and systems to mitigate risks

The Trustees have a risk management strategy which comprises:

The Trustees have kept risk under review, and the most significant risk to the charity continues to be shortfall in income from the Festival and from voluntary income. To manage this risk, the Trustees have put in place a robust budget and fundraising programme. It also has a reserves policy, which is regularly reviewed by Trustees. The review has also identified a few minor risks and has confirmed its procedures to address these.

Share Capital

The company is limited by guarantee and therefore has no share capital.

The name of the Chief Executive Officer and other senior staff members to whom day to day management of the charity is delegated by the charity Trustees:

Sholto Kynoch, Artistic Director and Taya Smith, Director of Administration

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Oxford Lieder

The report of the Trustees for the year ended 30 November 2022

The members of the Board of Trustees of the Charity at the date the report and accounts were approved:

Charles Alexander Nicola Creed Hamish Forsyth (appointed 16 May 2022) Julian Hall Nigel Hamway (Chairman) John Krebs Charles Naylor Sarah Taylor

The members of the Board of Trustees of the Charity during the year ended 30th November 2022 were:

Charles Alexander Nicola Creed Hamish Forsyth (appointed 16 May 2022) Julian Hall Nigel Hamway (Chairman) John Krebs Charles Naylor Sarah Taylor

All the directors of the company are also Trustees of the charity, and their responsibilities include all the responsibilities of directors under the Companies Acts and of Trustees under the Charities Acts.

Independent Examiner

Danny Burke ACMA 17 Queens Road Uxbridge Middlesex UB8 2NN

Statement of Directors' and Trustees' Responsibilities

The charity Trustees (who are also the directors of Oxford Lieder for the purposes of company law) are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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(Th'oxford Lieder The report ofthe Trustees forthe y ended 30 Ncwember 2022 TN5 reportwa5 appros*d tythe P•)ard ofTrusfteson Ha Olréctor•ndTnthe

Independent examiner’s report to the Trustees of the charity

Respective responsibilities of Trustees and examiner

The charity's Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the 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 statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, the requirements:

The Examiner's relevant professional qualification or body is:

Chartered Institute of Management Accountants

Date: 29 March 2023

Danny Burke ACMA

17 Queens Road Uxbridge Middlesex UB8 2NN

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Oxford Lieder

Statement of Financial Activities

for the year ended 30 November 2022

Categories by activity
Note
Incoming resources
Income and endowments from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total
Resources expended
Expenditure on:
Raising funds
7
Charitable activities
7
Total
Net income/(expenditure) before
investment gains/(losses)
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Total
funds
2022
2021
£
£
£
£
£
359,123
109,300
468,423
400,280
204,154
350
204,504
237,327
318
-
318
13
-
563,595
109,650
673,245
637,620
72,364
-
72,364
65,436
497,517
67,543
565,060
601,945
569,881
67,543
637,424
667,381
(6,286)
42,107
35,821
(29,761)
(6,286)
42,107
35,821
(29,761)
-
-
(6,286)
42,107
35,821
(29,761)
104,040
86,052
190,092
219,853
97,754
128,159
225,913
190,092

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Oxford Lieder

Income and Expenditure Account as required by the Companies Act for the year ended 30 November 2022

2022 2021
£ £
Turnover 672,927 637,607
Direct costs of turnover 637,424 667,381
Gross surplus/(deficit) 35,503 (29,774)
Governance costs - -
Operating surplus/(deficit) 35,503 (29,774)
Interest receivable 318 13
Surplus/(deficit) on ordinary activities before tax 35,821 (29,761)
Surplus/(deficit) for the financial year 35,821 (29,761)
Retained surplus/(deficit) for the financial year 35,821 (29,761)
All activities derive from continuing operations.

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Oxford Lieder

Balance Sheet As at 30 November 2022

Note
Current assets
Debtors
14
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
15
Net current assets/(liabilities)
Total assets less current liabilities
Total net assets or liabilities
Funds of the Charity
17
Restricted income funds
Unrestricted funds
Total funds		 Unrestricted
funds
Restricted
income
funds
Total
Total
2022
2021
£
£
£
£
74,618
74,618
68,805
51,277
128,159
179,436
238,256
125,895
128,159
254,054
307,061
(28,141)
-
(28,141)
(116,969)
97,754
128,159
225,913
190,092
97,754
128,159
225,913
190,092
97,754
128,159
225,913
190,092
128,159
128,159
86,052
97,754
97,754
104,040
97,754
128,159
225,913
190,092

The directors are satisfied that for the year ended on 30th November 2022, the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 9.

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Oxford Lieder

Notes to the Accounts

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.

All charities preparing their accounts under FRS102 must include a statement of cash flows in their financial statements, unless they are deemed to be smaller, in which case they are exempt from this requirement. The charity meets the exemption criteria and has taken advantage of this exemption from the requirement to produce a cash flow statement.

Oxford Lieder meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. In the opinion of the Trustees, no restatement is required.

Preparation of the accounts on a going concern basis

The charity is entirely dependent on continuing grant aid and, as a consequence, the going concern basis is also dependent on its continuing. The Trustees are of the view that, based on their assessment of the 2022 results and the fundraising plans now in place, the charity is a going concern.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of a musical performance or provision of other specified service it is deferred until the criteria for income recognition are met (see note 16).

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Oxford Lieder

Notes to the Accounts

Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the economic value of general volunteer time is not recognised in the accounts.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be solely used for areas of the Charity’s work or for specific artistic projects being undertaken by the Charity.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds comprise expenditure items incurred in attracting voluntary income.

Charitable activities include expenditure associated with staging of concerts, stage productions and educational programmes and include both the direct costs and support costs related to those activities.

Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.

Allocation of support costs

Costs of charitable activities are allocated directly. The bases on which governance and support costs have been allocated are set out in Note 8.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can

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Oxford Lieder

Notes to the Accounts

be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

3. (Deficit)/Surplus for the financial year

2022 2021
£ £
This is stated after crediting :-
Revenue Turnover from ordinary activities 672,927 637,607
and after charging:-
Independent Examiner's Fees - -

Funds belonging to the charity have not been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees, employees or agents, or to indemnify its trustees, employees or agents, against the consequences of any neglect or default on their part.

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Oxford Lieder

Notes to the Accounts

4. Income from donations and legacies

The income from donations and legacies was £468,423 (2021: £400,280) of which £359,123 was unrestricted (2021: £352,030) and £109,300 restricted (2021:£48,250).

Donations
and legacies:
Donations
Gift Aid
Legacies
Membership subscriptions and
sponsorships which are in
substance donations
Donated goods, facilities and
services
Total
2021		 Unrestricted
funds
Restricted
income
funds
Total
funds
Total
funds
2022
2021
£
£
£
£
64,800
109,300
174,100
124,414
23,595
-
23,595
28,940
-
-
-
-
270,728
-
270,728
246,926
-
-
-
-
359,123
109,300
468,423
400,280
352,030
48,250
400,280

The charity benefits greatly from the involvement and enthusiastic support of its volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

17

Oxford Lieder

Notes to the Accounts

5. Income from charitable activities

Charitable
activities:
Ticket Sales
Front of House Sales
Programme Advertising
Miscellaneous Income
Mastercourse Income
Outreach Income
Education and Outreach
Income
Total		 Unrestricted
funds
Restricted
income
funds
Total funds
Total funds
2022
2021
£
£
£
£
191,783
-
191,783
214,101
1,892
-
1,892
10,281
2,150
-
2,150
1,750
8,329
-
8,329
2,314
-
350
350
8,881
-
-
-
-
-
350
350
8,881
204,154
350
204,504
237,327

6. Investments

Investment income is comprised of interest payments from the bank accounts operated by the charity.

Unrestricted Restricted Total
funds income funds funds Total funds
2022 2021
£ £ £ £
Bank deposit interest received 318 - 318 13

Other information:

All income in the prior year was unrestricted except
for:
Commissions
Education and Outreach
Total		 £
16,000
41,131
57,131

18

Oxford Lieder

Notes to the Accounts

7. Analysis of resources expended

Analysis
Expenditure
on raising
funds:
Staging fundraising events
Fundraising Commission
Total expenditure on raising funds
Expenditure
on charitable
activities:
Artists fees & expenses
Venue hire & Performance costs
Front of House Costs
Recording Costs
Commissions
Sales Commissions
Marketing and Sales Promotions
Outreach costs
Mastercourse costs
Young Artists Platform Costs
Subtotal direct expenditure
Governance and support costs
Total expenditure on charitable
activities		 Concert and
stage
performances
Education
and
Outreach
Total
funds
Total
funds
2022
2021
£
£
9,644
-
9,644
4,408
62,720
-
62,720
61,028
72,364
-
72,364
65,436
Concert and
stage
performances
Education
and
Outreach
Total
funds
Total
funds
2022
2021
£
£
£
£
188,614
47,153
235,767
228,837
31,568
7,892
39,460
50,845
15,527
3,882
19,409
18,196
1,209
1,209
61,376
13,757
13,757
33,582
-
-
-
26,039
26,039
23,144
34,467
34,467
13,000
12,984
12,984
24,900
-
6,334
6,334
-
276,714
112,712
389,426
453,880
148,071
27,563
175,634
148,065
424,785
140,275
565,060
601,945

19

Oxford Lieder

Notes to the Accounts

8. Analysis of governance and support costs

Salaries, wages and
related costs
IT
Professional Fees
Artistic Directors Fees
Bank Charges
Insurance
Sundry Costs
Governance
Total		 Concert and
stage
performances
Education
and
Outreach
Grand total
Basis of allocation
£
£
£
92,524
16,328
108,852
Time spent per
activity
7,150
2,913
10,063
Activity expenditure
22,280
3,932
26,212
Time spent per
activity
20,250
2,250
22,500
Time spent per
activity
1,332
543
1,875
Activity expenditure
1,076
190
1,266
Activity expenditure
3,458
1,408
4,866
Activity expenditure
-
-
-
Activity expenditure
148,071
27,563
175,634

9. Analysis of staff costs, Trustee remuneration and expenses, and the cost of key management personnel

Salaries and wages
Social security costs
Total		 2022
2021
£
£
69,694
80,992
39,158
26,056
108,852
107,048

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

Trustees' remuneration and expenses

Neither the Trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year.

Cost of key management personnel

The key management personnel of the charity comprise the Trustees, the Artistic Director, the Director of Administration and the Development Director.

The total cost of key management personnel was £120,856 (2021: £115,977).

20

Oxford Lieder

Notes to the Accounts

10. Staff Numbers

Fundraising
Charitable Activities
Total		 2022
2021
1.3
1.3
5.0
5.0
6.4
6.4

11. Related party transactions

There are no related party transactions, apart from immaterial subscriptions and donations from Trustees. Donations made by Trustees totalled £66,414 for the year.

12. Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13. Grant making

Grants to institutions
Grants to
individuals
£
£
Education and Outreach
-
Total
- -
14. Debtors
Prepayments and Accrued
Income
15. Creditors: amounts falling due within one year
Bank loans and overdrafts
Accrued expenses
Unpaid Pension
Contributions
Deferred income and grants in advance		 Grants to institutions
Grants to
individuals
£
£
-		 Support
costs
Total
£
£
- -
- - - -
2022
2021
£
£
74,618
68,805
2022
2021
£
£
-
-
28,141
116,969
--
28,141
116,969

21

Oxford Lieder

Notes to the Accounts

16. Deferred Incoming Resources & Reserves - Restricted funds

Total
These deferrals are included
in creditors		 Opening Deferrals
Released
from prior
years
Received
less
released in
year
Deferred
at year
end
£
£
£
£
0
-
-
0
2022
2021
£
£
0
0

Grants and donations received in advance and specified by the donor as relating to specific accounting periods (or alternatively which are subject to conditions which are still to be met), and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts.

22

Oxford Lieder

Notes to the Accounts

17. Analysis of charitable funds

17.1 Details of material funds held and movements during the CURRENT reporting period

Fund names Fund type Purpose and Restrictions Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund balances
carried
forward
£
Commissions Restricted
income		 Restricted to the purpose
of commissioning new
artistic work, whether in
music or other media.		 46,257 12,500 (13,757) - - 45,000
Education
and Outreach		 Restricted
income		 Restricted to the funding of
education and outreach activities
approved by the Trustees		 21,299 97,150 (53,786) - 64,663
Trufflehunter Restricted
income		 Restricted to the purposes of
support for young singers and
musicians, such as through the
Education and Outreach
programme, and purchase of
musical instruments. Such grants
are made from time to time, in
accordance with the expressed
wishes of the sole donor to the
Fund.		 18,495 - - - 18,495
Unrestricted Unrestricted Unrestricted income and
expenditure		 104,040 563,595 (569,881) - - 97,754
Other funds N/a N/a - - - - - -
Total Funds 190,092 673,245 (637,424) - - 225,913

23

Oxford Lieder

Notes to the Accounts

17.2 Details of material funds held and movements during the PREVIOUS reporting period

17.3 Transfers between funds

Reason for transfer and where endowment is converted to income, legal power for its
conversion		 Amount £
Between
unrestricted
and
restricted
funds		 Part of unrestricted surplus for the year transferred to cover restricted fund deficits. -

24