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← Oxford Lieder

2023-11-30-accounts

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Registered Charity Number 1111458 Registered Company Number 05485276

Oxford Lieder

(A company limited by guarantee)

Report and Financial Statements Year ending 30 November 2023

Oxford Lieder The report of the Trustees for the year ended 30 November 2023

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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 2023 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).

In June 2023, Oxford Lieder rebranded to Oxford International Song Festival. The name of the registered charity remains as Oxford Lieder.

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 Song 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 International Song Festival and a smaller- scale 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 International Song Festival 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 International Song Festival (formerly 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 (2014)’. Oxford International Song Festival 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 International Song Festival are:

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Oxford Lieder The report of the Trustees for the year ended 30 November 2023

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The rebrand described above, is part of our wider audience development strategy rather than a change in artistic direction, since for some years our programmes have been increasingly diverse, reaching far beyond purely the German song / “Lieder” repertoire. Rather, our new name better reflects the organisation’s activities: bringing song and singing to every part of the local and wider community through performance, participation and learning, while emphasising music that is exciting, profound and accessible to all. As we developed our brand new visual identity we also took the opportunity to completely redesign our website, and migrate to a new box office and CRM system Spektrix.

Attendance across our concerts and event series in 2023 exceeded 11,600, with many thousands more engaging through annual BBC Radio 3 concert broadcasts, and via YouTube and social media. The 2023 Oxford International Song Festival – Images, Words, Music comprised 74 events featuring 250 artists and speakers in 17 different venues around Oxford; attendance exceeded 10,000 with a significant proportion of the audience attending the Festival for the first time. Thanks to 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 2022 with mezzo-soprano Claire Barnett-Jones and Sholto Kynoch starting our touring series in Wolfson College, Oxford. We continued this series throughout 2023, presenting outstanding early-career singers at twelve recitals at Wolfson College, Fairlight Hall, the Barber Institute and Cedars Hall. Our annual mini-festival Spring Song was for the first time wholly curated by our 21 Oxford Song Young Artists, who presented their showcase recitals over three days in the Levine Building of Trinity College as the culmination of their tenure on our recently redeveloped Young Artist Programme. In March 2023, our 20th Festival Nature’s Songbook was shortlisted alongside three other arts organisations for a Royal Philharmonic Society Award for ‘[drawing] fresh interest to a facet of classical music’.

Overall, 2023 was a year in which we continued to develop and 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 planning ahead to milestone Festivals in future years, with an ambitious artistic strategy to 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 2024 and beyond.

THE OXFORD INTERNATIONAL SONG FESTIVAL: 13-28 October 2023

Art:Song - Images, Words, Music

“ audiences have heard an absorbing fusion of Iranian and European classical styles and enjoyed some aromatherapy... but art song, in all its glory, remains at the festival’s heart .” – The Observer

The Oxford International Song Festival – the 22[nd] festival but the first under our new name – aligned the visual arts with poetry and music in a wide variety of ways. Alongside a roster of world-renowned singers and pianists, Festival events explored colour, fashion, musical manuscripts that are themselves artworks, artist-poets, artist-composers and programmes inspired by artworks. At the heart of the programme were 15 headline evening concerts given by stars including Sarah Connolly, Imogen Cooper, Benjamin Appl, Christopher Maltman, Christine Rice, Miah Persson, Juliane Banse and Roderick Williams.

Through concerts and connected study events, we explored the lives and works of artists including William Byrd, Yves Saint Laurent, Tom Phillips RA, Käthe Kollwitz and Felix Mendelssohn. We also presented song recitals in a range of different, innovative ways, including a concert programme which paired French song and perfume – where audiences sampled the four perfumes from Christian Provenzano’s Universal Collection which inspired the artists’ concert programme – and the Festival’s first foray into dance, with a special version of Schubert’s song cycle Winterreise with Juliane Banse (soprano), Alexander Krichel (piano) and dancer István Simon, choreographed by Andreas Heise.

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Oxford Lieder The report of the Trustees for the year ended 30 November 2023

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“ this was not a straightforward concert performance of this greatest of all song cycles, but the latest attempt at building a piece of music theatre around Winterreise … here the singer was partnered by a dancer, István Simon, and it worked wonderfully well; with choreography by Andreas Heise, it enhanced the impact of the performance in an utterly unexpected way .” – Andrew Clements, The Guardian, five stars

We continued our annual series of Schubert Weekends, 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 1823, and we celebrated the 200[th] anniversary of Schubert’s song cycle Die schöne Müllerin with three different versions performed in one day: a special programme created by Graham Johnson which interspersed readings of William Blake poems with Schubert’s cycle, a performance of Ludwig Berger’s original settings, and performance by folk-rock band The Erlkings in their own unique version.

SONG CONNECTIONS

A key component of the Oxford International Song 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 Pre-Raphaelite Brotherhood, the ‘audiovisual’ 19[th] -century entertainments Tableaux vivants , and several events exploring musical manuscripts as artworks including 16[th] -century partbooks and the Mendelssohn manuscripts held by the Bodleian Libraries.

We were delighted to continue our partnership with Oxford Botanic Garden and Arboretum and SongPath, a mentalhealth initiative founded by Jess Dandy (a former Oxford Song Young Artist) and Joanna Harries that provides participants with nourishing ways of connecting through walking, talking and music-making. They led a guided walk in Harcourt Arboretum, one of the UK’s most important woodland areas, as well as delivering workshops for Oxfordshire Mind.

SONG FUTURES

Contemporary music has long been an integral part of our Festival programmes. 23 Festival events were part of our Song Futures programme this year: we presented 3 Festival commissions, 9 Festival premieres and works by 55 living composers including Caroline Shaw, Errollyn Wallen, Sally Beamish and our former Associate Composer Cheryl Frances-Hoad. The breadth of programming afforded by Song Futures continues to be an overwhelmingly positive part of our audiences’ experience: in our post-festival survey, 52% of audiences who came to the Festival for the first time in 2023 selected “discovering unfamiliar music” as a key reason for their attendance at the Festival.

“ The programming is world class – even more so now that your broader title gives licence to stretch the repertoire in so many interesting ways.” – Audience feedback, October 2023

Our major commission for 2023 was The Glass Eye by our Associate Composer Alex Ho, with text by writer Elayce Ismail, which received its world premiere from countertenor Hugh Cutting and former Oxford Song Young Artist pianist Dylan Perez, and was recorded live and later broadcast on BBC Radio 3’s New Music Show.

“ I would say that [ The Glass Eye ] is not only a substantial work, but an extraordinarily important one… For, countertenor Hugh Cutting and pianist Dylan Perez, through their astonishing artistry, commitment, musical intelligence and captivating communication, helped us to recognise the creative and human significance of the song cycle which Alex Ho and librettist Elayce Ismail have created .” – Opera Today

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 the Humanities Cultural

Programme, Oxford Botanic Garden and Arboretum, Trinity College, St Catherine’s College, the Ashmolean Museum, 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 work with The Queen’s College as our 2023 partner college, which included showcasing The Queen’s College Chapel, Upper Library and Dining Hall across a variety of different events, and a celebration of the Shakespeare First Folio held by the College.

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Oxford Lieder The report of the Trustees for the year ended 30 November 2023

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LEARNING & PARTICIPATION

Since 2020 we have embarked upon an expansion of our Schools Programme – the annual creative and singing project we deliver for local primary schools – with the aim of engaging all pupils at our participating schools in musical activities across multiple academic terms. In September 2022 we began the project with our new partner school St Frideswide Primary School, and in consultation with staff at St Frideswide our artistic team delivered activities in each term for different year groups, with the whole school – c.285 pupils – having more than one opportunity to come together to share their creative endeavours with their peers. In the autumn term with the support of our Project Leader John Webb, writer Alan Durant and Oxford Song Young Artists Katy Thomson and Rustam Khanmurzin, Key Stage 2 created class songs which they performed as a song cycle, The St Frideswide Epic , in a hugely successful showcase at the Sheldonian Theatre in December 2022.

In the spring term we were asked by the school to support pupils in creating a new school song. John Webb and Oxford Song Young Artists Katie MacDonald and Joseph Cavalli-Price worked with Key Stage 1 to write the song, and pupils gave an interactive performance to the rest of the school so that they too could learn the new school song. The song was professionally recorded and a score given to the school to aid future learning.

In the summer term John Webb worked with children and staff in the Early Years Foundation Stage, leading sessions involving singing, music games and experimenting with percussion. To support the use of music in the Early Years classrooms in future, John produced a resources pack with activities and songs for the teachers to use, as well as leading a training session for the staff to introduce the resources.

We are delighted to be continuing our partnership with St Frideswide for a second academic year, and look forward to building further upon our creative and singing work with the school from September 2023.

Our acclaimed Mastercourse – a residential programme for early career artists consisting of 8 days of in-depth masterclasses, study, rehearsal and performance experience – ran during the second week of the Oxford International Song Festival for 17 participants. This year’s course was led by Wolfgang Holzmair with guest tutors Graham Johnson, Anna Tilbrook, Jan Philip Schulze and Anne Le Bozec. Young performers also made a significant contribution to the main Festival programme; over the Festival’s sixteen days we were delighted to showcase over 140 young artists across 41 individual events.

SPRING SONG – 21-23 April 2023

Supporting young and emerging artists has always been a central part of our core activity and in March 2022 we launched our redeveloped Young Artist Programme, which combined our Mastercourse, Young Artist Platform, Emerging Artist Festival performances and Young Artist Recitals initiatives into a holistic and integrated package of support for eleven singer/pianist duos over 12 months. Our appointed Young Artists’ tenures culminated at Spring Song in April. For the first time this three-day programme, A Grimm Weekend of Song, was curated entirely by our Young Artists, who presented eleven concerts themed around the fairytales of the Brothers Grimm, including the world premieres of five song commissions. It was a wonderful showcase of our Young Artists’ talent and development, and was hugely enjoyed by both performers and audiences alike.

SONG AT WOLFSON, FAIRLIGHT HALL & CEDARS HALL

Our touring series with our promoter partners continues to go from strength to strength. Through this series, Oxford International Song Festival’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. Claire Barnett-Jones, Neil Balfour, Marta Fontanals-Simmons and Nazran Fikret gave song recitals at Wolfson College (Oxford), Fairlight Hall (Hastings), the Barber Institute (Birmingham) and Cedars Hall (Wells). This series continues to be popular with our audience and enables Oxford International Song Festival to further support emerging artists and reach new audiences.

TRUSTEES

The charity's long serving chair of trustees, Nigel Hamway, retired in December. The Festival thanked him for his contribution over many years. Hamish Forsyth has kindly agreed to take on the role of chair with Charles Alexander becoming Deputy Chair.

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Oxford Lieder The report of the Trustees for the year ended 30 November 2023

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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 figure 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 2023, the Trustees would wish to maintain the unrestricted reserve at a minimum level of £140,000.

The actual unrestricted reserve at 30th November 2023 amounted to £96,190. 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 2023 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 9 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 £175,361 (2022 £225,913).

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

Hamish Forsyth (Chairman) Charles Alexander (Deputy Chairman) Nicola Creed Julian Hall John Krebs Charles Naylor Sarah Taylor

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Oxford Lieder The report of the Trustees for the year ended 30 November 2023

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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 7 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 2023

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

Hamish Forsyth (Chairman) Charles Alexander (Deputy Chairman) Nicola Creed Julian Hall John Krebs Charles Naylor Sarah Taylor

The members of the Board of Trustees of the Charity during the year ended 30th November 2023 were:

Charles Alexander Nicola Creed Hamish Forsyth Julian Hall Nigel Hamway (Chairman) – resigned in December 2023 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.

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OXFORD INTERNATIONAL SONG FESTIVAL Oxford Ueder The report of the Trustees for the year ended 30 November 2023 The Trustees are Te5ponslble forthe malntenarKe aNI integrity of the corporate and fi￿nCial information Included on the charitable compan($ website. Legislation in the United Kingdom go4prnin8 the preparation and d1$5emination of financSal statements may differ from legi￿atiofi in other jurisdictions. Method of pr•paratlon of %c¢)unts These atcounts have been prepared In actordance wlth the woytslons applK3t4eto companles subjetl tothe small companles. regime. This report Wa5 approved irythe Board of Trustees on 2024 Hami5h Forsyth Dlrector and Trustee

Independent examiner’s report to the Trustees of the charity

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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

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Date: 27 March 2024

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 2023

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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
2023
2022
£
£
£
£
£
361,134
46,750
407,884
468,423
181,417
11,340
192,757
204,504
2,248
-
2,248
318
-
544,799
58,090
602,889
673,245
72,120
-
72,120
72,364
474,243
107,078
581,321
565,060
546,363
107,078
653,441
637,424
(1,564)
(48,988)
(50,552)
35,821
(1,564)
(48,988)
(50,552)
35,821
-
-
(1,564)
(48,988)
(50,552)
35,821
97,754
128,159
225,913
190,092
96,190
79,171
175,361
225,913

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 Balance Sheet As at 30 November 2023

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2023 2022
£ £
Turnover 600,641 672,927
Direct costs of turnover 653,441 637,424
Gross surplus/(deficit) (52,800) 35,503
Governance costs - -
Operating surplus/(deficit) (52,800) 35,503
Interest receivable 2,248 318
Surplus/(deficit) on ordinary activities before tax (50,552) 35,821
Surplus/(deficit) for the financial year (50,552) 35,821
Retained surplus/(deficit) for the financial year (50,552) 35,821
All activities derive from continuing operations.

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Oxford Lieder Balance Sheet As at 30 November 2023

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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
2023
2022
£
£
£
£
46,112
46,112
74,618
89,272
79,171
168,443
179,436
135,384
79,171
214,555
254,054
(39,194)
-
(39,194)
(28,141)
96,190
79,171
175,361
225,913
96,190
79,171
175,361
225,913
96,190
79,171
175,361
225,913
79,171
79,171
128,159
96,190
96,190
97,754
96,190
79,171
175,361
225,913

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OXFORD INTERNATIONAL SONG FESTIVAL Oxford Ueder Balance Sheet As at 30 November 2023 The dtrector5 are Sat￿fied that fw the ￿¥r ended on 3Cth November 2023, the charitable company was entrtled to exemption from the requirement to obtain an audit under 5ertion 477 of the Companles Act 2(#)6 and that Tho member or members have requlred the tijfflpany to obtsin an audit of its accounts for the year In question In accordance with section 476 of the £t. H¢)wver. Èn att0rdar￿ wrth section 145 of the Charities Act 2011. thè accovnts have been examined by an Independent Examinerwhose reFrfYt appears on page 9. The dIre￿or{sI acknowtedge their responsibilsty for comptyln8 with the requirements of the Companies Act 20 with respect to accounting records and the preparatKJn of accounts. The Trustee5 have Prepared the accounts in accordance with section 398 of the Companies Art 2(￿6 and Sect￿ 138 of the char￿e5 Act 2011. Thèse accovnt5 are prepared In accordance wilh the special provisions of Part IS of the Cornpanles Art relating to Small companles and constituts the annual accounts required by the Companies Art 2LKJ6 and are for urculation to members of the companv. Hamish Fotyh Trustee Approved by the Board of Trustees on 2024 13

Oxford Lieder Notes to the Accounts

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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 2023 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.

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Oxford Lieder Notes to the Accounts

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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).

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.

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Oxford Lieder Notes to the Accounts

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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 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

2023 2022
£ £
This is stated after crediting :-
Revenue Turnover from ordinary activities 600,641 672,927
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

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4. Income from donations and legacies

The income from donations and legacies was £407,884 (2022: £468,423) of which £361,134 was unrestricted (2022: £359,123) and £46,750 restricted (2022: £109,300).

Donations
and
legacies:
Donations
Gift Aid
Legacies
Membership subscriptions and
sponsorships which are in
substance donations
Donated goods, facilities and
services
Total
2022		 Unrestricted
funds
Restricted
income
funds
Total
funds
Total
funds
2023
2022
£
£
£
£
56,699
46,750
103,449
174,100
21,999
-
21,999
23,595
-
-
-
-
282,436
-
282,436
270,728
-
-
-
-
361,134
46,750
407,884
468,423
359,123 109,300
468,423

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.

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Oxford Lieder Notes to the Accounts

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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
2023
2022
£
£
£
£
170,682
- 170,682 191,783
5,772
- 5,772 1,892
-
- - 2,150
4,963
- 4,963 8,329
-
11,340 11,340 350
-
- - -
-
11,340 11,340 350
181,417
11,340 192,757 204,504

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
2023 2022
£ £ £ £
Bank deposit interest received 2,248 - 2,248 318

Other information:

All income in the prior year was unrestricted except
for:
Commissions
Education and Outreach
Total		 £
12,500
97,150
109,650

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Oxford Lieder Notes to the Accounts

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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
2023
2022
£
£
8,482
-
8,482
9,644
63,638
-
63,638
62,720
72,120
-
72,120
72,364
Concert and
stage
performances
Education
and
Outreach
Total
funds
Total
funds
2023
2022
£
£
£
£
163,799 40,950
204,749
235,767
30,978
7,744
38,722
39,460
10,938
2,735
13,673
19,409
-
-
1,209
14,500
14,500
13,757
-
-
-
26,647
26,647
26,039
59,056
59,056
34,467
15,016
15,016
12,984
- 18,507
18,507
6,334
246,862
144,008
390,870
389,426
158,755 31,696
190,451
175,634
405,617
175,704
581,321
565,060

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Oxford Lieder Notes to the Accounts

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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
£
£
£
98,639
17,407
116,046
Time spent per
activity
7,998
4,665
12,663
Activity expenditure
23,609
4,166
27,775
Time spent per
activity
22,500
2,500
25,000
Time spent per
activity
1,086
634
1,720
Activity expenditure
1,347
238
1,585
Activity expenditure
3,576
2,086
5,662
Activity expenditure
-
-
-
Activity expenditure

158,755
31,696
190,451

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

Salaries and wages
Social security costs
Total		 2023
2022
£
£
77,498
69,694
38,548
39,158

116,046
108,852

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 £116,746 (2022: £120,856).

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Oxford Lieder Notes to the Accounts

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10. Staff Numbers

Fundraising
Charitable Activities
Total		 2023
2022
1.3
1.3
4.8
5.0

6.1
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
- -
ebtors
Prepayments and Accrued
Income
reditors: 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
£
£

- -
- - - -
2023
2022
£
£
46,112
74,618
2023
2022
£
£
-
-
39,194
28,141
--
39,194
28,141

14. Debtors

15. Creditors: amounts falling due within one year

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Oxford Lieder Notes to the Accounts

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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
2023
2022
£
£
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.

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Oxford Lieder Notes to the Accounts

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17. Analysis of charitable funds

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

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----- Start of picture text -----
Fund names Fund type Purpose and Fund Income Expenditure Transfers Gains Fund balances
Restrictions balances and carried forward
brought losses
forward
£ £ £ £ £ £
Commissions Restricted Restricted to the
income purpose
of commissioning new
artistic work, whether
in 45,000 14,500 (14,500) - - 45,000
Education Restricted Restricted to the
and Outreach income funding of education
and outreach activities
approved by the
Trustees
64,663 43,590 (89,640) - 18,613
Trufflehunter Restricted Restricted to the
income purposes of support for
young singers and
musicians, such as
through the Education
and Outreach 18,495 - (2,939) - 15,556
Unrestricted Unrestricted Unrestricted income
and expenditure
97,754 544,800 (546,363) - - 96,191
Other funds N/a N/a
- - - - - -
Total Funds 225,913 602,890 (653,442) - - 175,361
----- End of picture text -----

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Oxford Lieder Notes to the Accounts

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

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17.3 Transfers between funds

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

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