LEAMINGTON MUSIC
REGISTERED CHARITY NUMBER:
1117723
TRUSTEES, ANNUAL REPORT
AND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024

LEAMINGTON MUSIC
Registered number: 1117723
TRUSTEES, ANNUAL REPORT AND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024
Contents
Reference and Administrative Details
Trustees, Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
10
Notes to the Financial Statements
11

LEAMINGTON MUSIC
Registered number: 1117723
Reference and Administrative Details
Registration
Leamington Music is a charity registered with the Charity Commission in England and Wales.
registered number 1117723. Its principal address (and address for correspondence) is
Leamington Town Hall, The Parade. Leamington Spa CV32 4AT.
Trustees
Overall rnanagernent of Leamington Music is by a committee of charity trustees. Details of
the managing committee of trustees who served during the year ended 31 July 2024 and
serving as at the date of the tru5tees' report are set out below:
Peter Glanfield
MaryAdams
Paul Thomas
Jane Williams
Simon Hogg
Howard Skempton
Christopher Thomas
Chairman
Treasurer
Secretary
Friends, Organiser and Artist in Residence
Resigned 28 February 2024
Artistic Director
Helen Beecroft
Independent Examiner
C Christou FCCA MAE
Leofric House
Binley Road
Coventry
CV3 IJN
Bankers
HSBC Bank plc
126 The Parade
Leamington Spa CV32 4A1
Lloyds Bank plc
73 The Parade
Leamington Spa CV32 4BB
Page 3 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Trustees, Annual Report
The trustees of Leamington Music present their Annual Report and Financial Statements for
the year ended 31 July 2024. The reference and administrative details disclosed at page 3
form part of this Annual Report.
Structure. Governance and Management
The charity is an unincorporated association governed by a constitution adopted on 26 July
2006. Leamington Music is managed by a committee of trustees, who are all unpaid
volunteers and receive no private benefits from Leamington Music. Trustees are selected on
the basis of their experience and suitability by the committee and their appointment
confirmed by election at the Annual General Meeting of the association thereafter.
Objectives and Activities
The objectives of the charity. as set out in its governing document. are:
l. To advance, improve, develop and maintain public education in, and appreciation of,
the art and science of music in all its aspects by any means the trustees see fit,
including through the presentation of public concerts and recitals; and
2. To further such charitable purpose or purposes as the trustees in their absolute
discretion shall think fit but in particular through the making of grants and donations.
The main activities of Leamington Music in relation to these objectives are:
l. Organising a variety of concerts, providing a high standard of international music, at a
variety of venues in the Leamington and Warwick area.
2. Providing educational music workshops, master classes and special concerts for young
people.
3. Supporting musicians through fundin& grants and prizes.
Public Benefit
The trustees have considered the Charity Commission's guidance on public benefit, and work
to maintain the accessibility of the programme of concerts and educational workshops to the
widest possible audience. Ticket prices and workshop fees are subsidised, mainly through
donations and sponsorship, with some additional funding provided by local Town and District
Councils. A range of concessions are available: students are offered standby tickets at £1
accompanied schoolchildren pay £1 per ticket and special discounted ticket prices are
offered for family concerts.
I Increasing to £3 for the winter season 2024-25. with new discounts for under-35s
Page 4 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Volunteers
In addition to the trustees, nearly 60 unpaid volunteers contribute to the organisation and
running of Leamington Music and the programmes of events in many ways, including, inter
alia: assisting with publicity; Stewarding at concerts; accommodating visiting musicians.
organising and facilitating the educational workshop programme. In addition, a significant
proportion of funding is raised by the Friends of Leamington Music, which is also organised
and run by volunteers: in 2024. the Friends. funding, including Gift Aid, amounted to £10,000
(2023: £9,750). The trustees of Leamington Music are most grateful to all the volunteers for
their ongoing dedication, enthusiasm and loyalty.
Achievements and Performance
During the year ended 31 July 2024, Leamington Music staged 28 concerts featuring
professional musicians from the UK, Europe and beyond {2023: 35 concerts):
6 International String Quartet concerts at the Royal Pump Rooms. Leamington Spa
6 Early Music concerts at St Mar¢s Church, Warwick
5 further concerts, including: a family concert, a brass concert, and a hugely enjoyable
trip to South America with El Ultimo Tango.
11 concerts and 2 talks in the 2024 Festival, celebrating the music of composers born
in the Czech lands.
Average attendance per concert increased 16% compared to 2023 with 4,100 tickets sold
across the 28 concerts. This, finally. represents a return to audience levels seen pre-covid. a
feat which is all the more pleasing given the cost-of-living crisis. Festival audiences were
particularly healthy. attracted by Richard Phillips. enticing programming and boosted by many
Czech guests and members of the Dvorak Society, celebrating its 50 anniversary over the
Festival weekend. The Festival had a particular poignancy as it also marked Richard's
retirement as Festival Director. That so many of the artists were friends returning to
Leamington to honour the occasion is testament to the strength of the connections built by
Richard over the decades, and the esteem in which he is held. The exhibition of paintings with
a 'Czech Connection, by Jane Williams, Artist in Residence, added a further dimension to the
success of the Festival.
In the 20234 season, our concert artists also delivered a programme of 20 workshops and
masterclasses in our education programme for children attending Warwickshire schools. We
are most grateful to our guest artists for their continuing cornmitment to- and enthusiasm
for
our education programme, which is made possible by generous private and other
funding, including a grant from Warwickshire Music (Warwickshire County Council's music
education hub) and an Ignite grant from Warwick District Council.
The charity awards an annual prize to students at the Royal Birmingham Conservatoire.
2023's winners, Junction T Trio, a multinational ensemble of piano, flute and cello, performed
a delightful concert of European rnu5ic in November 2023. The 2024 contest took place in
March and the winners were the Risonanza Piano Trio.
Page 5 of 16

LEAMINGTON MUSIC
Registered number: 1117723
In organising these activities. Leamington Music works closely with a number of local and
national arts organisations. including: Chamber Music Plus. Making Music; Music in the
Round: the Royal Birmingham Conservatoire. Warwick District Music Promoters, Forum and
Warwickshire Music. Full details of our current concert and education programs can be found
on our website www.leamingtonmusic.org.
Financial Review
Reserves Policy
The trustees have a responsibility to assess both the suitability and the financial viability of
the concert and educational workshop programrnes planned for each season. This includes
ensuring that sufficient reserves are available at the end of a financial year to cover the
funding requirements for concerts and workshops scheduled through the first part of the
following year.
Atthe end of the 2022-23 financial year, unrestricted reserves were worryingly low at £31,400
and restricted reserves just £9,400, following a total deficit of nearly £50,000 for the financial
year.
As detailed in the previous Annual Report, in September 2023 the trustees carried out an
urgent review of current financial practices, with the resulting recommendations effected
immediately to ensure the future sustainability of Leamington Music. Key to this was Appeal
2023, launched in November 2023 to help bridge the gap over this challenging period, and
again we have our loyal supporters to thank for the £17,000 received.
Whilst some of the other decisions were certainly not easy, this swift action has left the
charity on far firmerfinancial ground, with a total surplus of £25,200forthe year. unrestricted
reserves of £57,100 and £8,900 of restricted resepies at 31 July 2024.
After a very difficult year in 2022-23. income to our Education Fund thi5 year was a great deal
more encouragin& with 18 schools contributing towards the costs of the workshops, and
£10,000 of grants from the Local Education Authority. This last figure is thanks in no small part
to the expertise and tenacity of our Education Co-ordinator. Helen Meeke.
Appeal 2018 funds have now been exhausted but the Education Fund has a balance of £8,900
(2023: £9,400 total restricted). These funds are disclosed as part of restricted reserves in this
Statement of Financial Activities.
Risk Assessment. Risk Management and Going Concern
The charity remains dependent upon income from individuals, companies, trusts and other
grant-making bodies to fund its charitable activities (see Incoming Resources, below}. Whilst
income from grants has reduced dramatically in recent years, the trustees have a reasonable
expectation that other donated income will be forthcoming for the foreseeable future. All
future concert and education programmes will be run to a strict budget, with financial viability
ensured in advance and regular reviews of financial predictions. The accuracy of our Artistic
Directorfs projections for the past year means that the trustees therefore believe that the
charity is able to continue as a going concern.
Page 6 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Incoming Resources
Our concert programmes are financed by ticket an(9 programme sales, supplemented by
additional fund-raising, in particular support from individual donors. Concert ticket and
programme income of approaching £69,000 from 28 concerts (2023.. £74,000 from 35
concerts) covered 45% (2023: 41%) of Leamington Music's total expenditure for the year
ended 31 July 2024.
The other main sources of funds were:
Individual donors, including Friends, plus Gift Aid £72,700 (2023: £50,0001
Local authority grants
£14,500 (2023: £3,000)
Donations from trusts. foundations. other
grant-making bodies and sponsors
£15,000 (2023: £4,000)
We are most grateful to all those individuals. trusts, grant-making bodies and sponsors who
have supported Leamington Music during the year under review. Without this support, our
charitable work would, quite simply, be unviable.
Expenditure
Total expenditure for the year ended 31 July 2024 was £151,000, a year-on-year redurtion of
£31,000. The difficult decision last year to reduce our management consulting overheads
accounts for a third of this. Our Artistic Directorfs focus on minimising office costs and
targeting our advertising resulted in a further £6,500 of savings relative to the year ended 31
July 2023. The remainder of the £31,000 saving was a direct result of holding fewer concerts
than in the previous year.
While management fees will remain much lower than in previous years, the trustees
recognise that some paid help for the Artistic Director is essential, particularly on concert
day5, and thus there is an allowance in the 2024-25 budget for this assistance.
Investment Poliry
The charity has no investments Other than funds held at banks as disclosed in the balance
sheet.
Declaration
The trustees declare that they have approved the Trustees, Report above.
Signed on behalf of the charivs trustees:
ned:
Signed:
Peter Glanfield
Chairman
Mary Adams
Treasurer
Dated:
Dated: 30 2CYUfr
Page 7 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Independent Examinerfs Report
TO THE TRUSTEES OF LEAMINGTON MUSIC
I report to the trustees of Leamington Music (registered charity number 1117723) on my
examination of the accounts of the above charity ('the trust,) for the year ended 31 July 2024,
which are set out on pages 10 to 16.
Responsibilities and basis of report
As the charitvs trustees. you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the ACY).
I report in respect of my examination of the trusvs accounts carried out under section 145 of
the 2011 Act and in carrying out my examination. I have followed all the applicable Directions
given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examinerfs 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 respert:
the accounting records were not kept in accordance with section 130 of the Charities
Act; or
the accounts did not accord with the accounting records. or
the accounts did not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008, other than any requirement that the accounts give a 'true and fair view,, which
is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Signed:
Dated: 3 o.&kn ￿ z*
C Christou FCCA MAE
Independent Examiner
Leigh Christou Limited
Euston House
12 Euston Place
Leamington Spa CV32 4BN
Page 8 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Statement of Financial Activities
FOR THE YEAR ENDED 31 July 2024
Unrestrfd Restricted
Total
Funds
Funds This Year
Total Last
Year
Note
INCOMING RESOURCES
Income from:
Charitable activities
Donations and legacies
Investments
Other
70,325
75,345
974
300
2,500
72,825
26,936 102.281
974
300
74,881
57,017
317
53
TOTAL
146,944
29,436 176.380
132.268
RESOURCES EXPENDED
Expenditure on:
Charitable activitie5
Raising funds
Administrative costs
100,509
10,724
9.942
11.856 112,365
10,724
28,080
139,063
15,669
27,053
18,138
TOTAL
121.175
29,994 151,169
181,785
NEf (EXPENDITURE)
/INCOME
25.769
(558)
25.211
{49,5171
TRANSFER BEfwEEN
FUNDS FOR THE YEAR
TOTAL FUNDS BROUGHT
FORWARD
31,396
9,416
40.812
90,329
TOTAL FUNDS CARRIED
FORWARD
57,165
8,858
66,023
40,812
Page 9 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Balance Sheet
AS AT 31 July 2024
Unrestrfd Restricted
Total
Funds
Funds This Year
Total Last
Year
Note
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
11
12
8,627
60,297
150
8,708
8,777
69.005
15,637
37.796
TOTAL CURRENT ASSErs
68,924
8,858
77.782
53,433
CREDITORS
Amount5 falling due within
one year
13
(11.759}
(11,759)
(12,621)
NET CURRENT ASSETS
57.165
8,858
66.023
40.812
TOTAL NET Assrrs
57,165
8,858
66.023
40,812
FUNDS OF THE CHARITY
Unrestricted funds
57,165
57.165
31,396
Restricted funds
16
8,858
9.416
TOTAL FUNDS
57.165
8.858
66,023
40,812
Approved by the trustees on 30 OCF 102* and signed on their behalf by:
Peter Glanfield
Chairman
Mary Adams
Treasurer
Page 10 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Notes to the Financial Statements
FOR THE YEAR ENDED 31 July 2024
Note l. Basls of Preparation
Basis of Accounting
The Financial Statements have been prepared underthe historical cost convention wtth items
recognised at cost or transaction value unless otherwise stated in the relevant Notes to the
Financial Statements; and in accordance with the Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS
1021. and with the Charities Act 2011. The charityconstitutes a public benefit entity as defined
by FRS 102.
The Financial Statements present a true and fairview and the accounting policies adopted are
outlined in Note 2 below.
Going Concern
The trustees believe that any uncertainties related to current events or conditions do not cast
significant doubt on the chariWs ability to continue as a going concern.
Note 2. Accounting Policies
Reconciliation with Previous Generally Accepted Accounting Practice (GAAP)
No adjustrnents to fund balances as previously stated are required to disclose funds as
determined under Charities SORP (FRS 102).
Income
Incoming resources are included in the Statement of Financial Activities (SoFA} when
the charity becomes entitled to the resources; it is more likely than not that the
trustees will receive the resources. and the monetary value can be measured with
sufficient reliability.
There has been no offsetting of assets and liabilities or income and expenses.
Grants and donations are only included in the SOFA when the general income
recognition criteria are met.
The charity has received local authority grants in the reporting period.
Gift Aid receivable is included in income when there is a valid declaration from the
donor; any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund.
Donated goods are not material and are ascribed zero value.
The value of any voluntary help received is not included in the accounts but is
described in the Trustees, Annual Report.
Membership subscription5 received in the nature of a gift are recognised in Donations
and Legacies.
Page 11 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Expenditure and Liabilities
Liabilities are recognised when it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount
of the obligation can be measured with reasonable certainty.
Creditors are measured at settlement amounts.
Deferred income relates to donations, sponsorship and ticket income received in
advance of the events to which they relate.
Liabilities are measured on recognition at historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date.
Assets
Tangible fixed assets are capitalised and depreciated if they can be used for more than
one year and the cost exceeds £500. Assets are valued at cost; depreciation methods
and rates are disclosed in note 9.
Debtors are measured on initial recognition at settlement amounts or amount
advanced by the charity. Subsequently, they are measured at the cash or other
consideration expected to be received.
Note 3. Analysis of Income
Unrestrfd
Funds
Restricted
Funds
Total This
Year
Total Last
Year
Charitable activitles:
Ticket sales
Programme sales
Bar sales
Education workshops
Advertising income
Other sales income
65,481
3,199
949
65.481
3.199
949
2.500
350
346
72.825
70,797
3,088
2,500
350
346
70,325
400
596
74,881
2,500
UnrestRd
Funds
Restricted
Funds
Total This
Year
Total Last
Year
Donations and legacies:
Individual donors, inc. Gift Aid
Legacies
Local authority grants
Trusts and other bodies
Sponsorship
56,047
16,678
72.725
49,920
4,500
12,200
2,598
75,34S
10,000
258
14.500
12.458
2.598
102.281
2,992
820
3,285
57,017
26,936
Page 12 of 16

LEAMINGTON MUSIC
Registered number: 1117723
In addition, there was £974 of bank interest received (2023: £317) and other income of £300
frorn the sale of donated goods and provision of services (2023: £53), both in the unrestricted
funds.
Note 4. Analysis of Expenditure
Unrestrfd
Funds
Restricted
Funds
Total This
Year
Total Last
Year
Charitable activities:
Artist fees and expenses
Venue hire and other event costs
Bar costs
Box office charges
Concert management & admin fees
Education workshop fees and exp's
Other education costs
Leamington Music Prize
Other costs
67,902
18,817
566
5,330
7,750
67,902
18,817
566
5,330
7,750
7.585
77,728
21,365
6,519
21,700
9,776
640
1,200
135
139,063
7,585
3.044
1.227
1.227
144
112,365
144
100.509
11.856
Unrestrfd
Funds
Restrirted
Funds
Total This
Year
Total Last
Year
Raising funds:
Advertising and marketing
Printing. stationery & postage
Friends, expenditure
Entertainment- sponsors
Bank fees
6.678
3,367
288
275
116
10,724
6,678
3.367
10,251
4,675
247
371
125
15,669
275
116
10.724
Unrestrfd
Funds
Restricted
Funds
Total This
Year
Total Last
Year
Administrative costs:
Management fees
Office costs
General expenses
1,112
5.993
2.837
9.942
18,138
19.250
5.993
2,837
28,080
16,750
9,411
892
27,053
18,138
Note 5. Support Costs
Not applicable (2023: not applicable).
Page 13 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Note 6. Trustee Expenses and Professlonal Fees
No payments of trustee expenses or professional fees were made in the year {2023: none).
Expenses incurred on behalf of the charity reimbursed to trustees during the year amounted
to £1,124; £337 to Simon Hogg and £787 to Jane Williams {2023: £293: £163 reimbursed to
Simon Hogg and £130 to Jane Williams).
Note 7. Paid Employees and Pension Scheme
Leamington Music has no paid employees and no pension scheme (2023: none).
Note 8. Grant-making
Grants made as part of charitable activities: no grants were made to any institutions {2023:
none); grants to individuals: Leamington Music Prize (for the support of young musicians)
£1,200 awarded to the Risonanza Piano Trio (2023: £1,200 awarded to Junction T Trio).
Note 9. tangible Assets
During the year ended 31 July 2018, two new desk-top computers were purchased for use by
the Charity. These computers are now fully depreciated.
Office
equipment
Totals
Two desk-top computers, purchased February 2018
Cost
At l August 2023
Additions
At 31 July 2024
1.637
1,637
1.637
1,637
Depreciation
At l August 2023
Charge for year
At 31 July 2024
1.637
1,637
1,637
1,637
Net Book Value
At 31 July 2023
At 31 July 2024
Note 10. Other Assets
Leamington Music has no: intangible assets. heritage assets: investment assets {other than
bank deposits) or stocks {2023: none).
Page 14 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Note 11. Debtors
This year
Last year
All amounts fall due within one year:
Gift Aid claim
Trade debtors
Prepayments and accrued income
4,454
150
4,173
8,777
8,564
500
6,573
15,637
Note 12. Cash at Bank and in Hand
This year
Last year
Total cash at bank and in hand
69,OOS
37,796
Note 13. Creditors and Accruals
This year
Last year
All amounts fall due within one year:
Trade creditors
Accruals and deferred income
567
11,192
11,759
1,476
11.146
12,621
Note 14. Leasing Agreements
In August 2022, the charity entered into a three-year leasing agreement with Warwick District
Council for an office in Leamington Town Hall.
Minimum lease payments under non-cancellable operating leases fall due as follows:
This year
Last year
Within one year
Between one and five years
In more than five years
2,200
2,200
2,200
2,200
4,400
In February 2024, the charity also entered a three-year leasing agreement with CF Corporate
Finance for multifunctional office printer.
Minimum lease payments under non-cancellable operating leases fall due as follows:
This year
Last year
Within one year
Between one and five years
In more than five years
1,775
2,219
3.994
Page 15 of 16

LEAMINGTON MUSIC
Registered number: 1117723
Note 15. Events after the end of the Reportlng Period
No events have occurred after the end of the reporting period, but before the Financial
Statements are authorised, which relate to conditions that arose after the end of the
reporting period, and which would require adjustment to the Financial Statements.
Note 16. Restrirted Funds
Balance
l August
2023
Income
Expenditure
Transfer
Balance
31 July
2024
Education
Appeal 2018
6,278
3,138
9.416
14,436
15.000
29,436
(11,856)
(18,138)
129.994)
8,858
8.858
The Education Fund exists to support the work necessary to provide the educational music
workshops, master classes and special concerts for young people within the charity's
Education and Community Programme. It also funds our annual prize to students from the
Royal Birmingham Conservatoire {in previous years this was paid from unrestricted funds).
Appeal 2018 was set up to fund the transition period as we moved from a Festival Director
(Richard Phillips MBE) to an Artistic Director (Helen Beecroft). The transition is now complete
and the fund has been exhausted.
Leamington Music has no permanent endowment. expendable endowment or restricted
income funds (2023: none).
Note 17. Transactions with Related Parties
During the year ended 31 July 2024 the charity received from its trustees donations of £3,365
plus Gift Aid of £841 (2023: £2,864 plus Gift Aid of £716).
In addition to these donations, the charity received commission of £504 from Jane Williams,
trustee and Artist in Residence, following the sale of her paintings at Leamington Music
Festival events, with a total sales value of £2,520 {2023: £140).
Page 16 of 16