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2024-10-31-accounts

Charity number: 1128730

NORTH NORFOLK MUSIC FESTIVAL

UNAUDITED FINANCIAL STATEMENTS AND TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024

NORTH NORFOLK MUSIC FESTIVAL

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Mr Simon Rowland-Jones Mr Barry Cheeseman Mr Michael Holley

Charity registered number

1128730

Principal office

Pipers Croft Friars Lane Burnham Market Kings Lynn PE31 8JA

Accountants

Larking Gowen LLP Summerhill House 1 Sculthorpe Road Fakenham Norfolk NR21 9HA

NORTH NORFOLK MUSIC FESTIVAL TRUSTEES’ ANNUAL REPORT continued FOR THE YEAR ENDED 31 OCTOBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity was established by a Declaration of Trust dated 17 March 2009 and was entered on the Central Register of Charities under Number 1128730 on 23 March 2009.

The Trustees serving during the year ended 31 October 2024, were as follows:

Mr Simon Rowland-Jones Mr Barry Cheeseman Mr Michael Holley

New Trustees, if required, are recruited informally on the basis of their related experience and their interest in the work of the Charity. Nominations are approved and appointed by the other Trustees and briefed accordingly.

OBJECTIVES AND ACTIVITIES

The Charity’s objectives are to advance, encourage, develop and maintain public education, in appreciation and involvement in classical music, by promoting a festival of public concerts for public benefit. Furthermore, the Charity seeks to advance arts, especially classical music, by the provision of a public festival of music and lectures in North Norfolk.

ACHIEVEMENTS AND PERFORMANCE

The 2024 Festival ran for eight days and as in the previous year we kept to our new format for the 19[th] North Norfolk Music Festival, i.e. eight full days, five of which had two concerts, making thirteen concerts in all. This attendance for each concert was excellent and once again left us in a strong financial position for the coming years.

A group of 25 people attended the Festival as a tour organised by Kirker Holidays, which gives publicity for the Festival and the area nationwide.

As well as the summer festival we have mounted our fourth Winter Series at Wells Maltings, five concerts taking place between November 2023 and April 2024. The majority of these concerts were to provide encouragement and opportunities to talented young artists, who all receive full professional fees. In this category we were able to put on one concert in London, a recital for the talented young double-bass player, Levi Andreassen, at the 1901 Arts Club in Waterloo.

We donated £3,200 to the Church of Our Lady St Mary for the use of the church. Furthermore, the Church earned increased additional revenue from the hire of cushions as they doubled the cushion hire fee from 50p to £1! The audience did not seem to object. The combined total represents the largest source of outside income for the church, making NNMF the church’s most valued donor.

The 20th Festival will take place between 6-16 August 2025, both dates inclusive. This will be a day longer than in the last few years to mark the special celebration of our 20[th] NNMF and include as many of our favourite artists from the last twenty years as possible.

Looking beyond this we are planning to move all activities to Wells Maltings in order to simplify operations. It is hoped that this will boost the local economy in Wells-next-the-Sea. NNMF has gone from strength to strength over each passing year, but after twenty such

NORTH NORFOLK MUSIC FESTIVAL TRUSTEES, ANNUAL REPORT continued FOR THE YEAR ENDED 31 OCTOBER 2024 years the effort of organlsing an event on this scale is laking ils Idl. In additK)n to planning and org8nising the concerts, we have lo deal wth many other things.. the bar, the marquee, the catering, the toilets, the chairs, the li￿n￿n9. the piano, th8 Stage and lighling, and the biggest resp¢)nsibilily of all, accommodating and feeding land waleringll 50 many musioans and their families. All the original volunteers are thll with us but, like us, a￿ 20 years older. We have no inlenlion of lem)inaling the Festival, quite the oppo*te in facl, and the thanges we are making are lo ensure that it will ￿nts'nU& for as many years as possible. FINANCIAL REVIEW AND RESERVES The R￿elP1S and Payments Aco)unl of tha Chanty Is sel out on page 1. Total receipts for the year were £97.132 (2023.. £98,354} and total expenditure was £88,262 12023.. £94,769), Meaning that n&t rempts were £8,87012023.' £3,585). AS at 31 Oc#ober 2024 unrestrict8d funds were £66,￿l2023.. £58,0gJ). R18K AIANAGEMENT The Tnjslees regularty review the main nsk$ that may impact the Charity and implement a¢Xiw and safeguards to miligale thos8 risks whero n￿&$wY. PUBLIC BENEFIT The TNstee8 eonfimi that they have complied with thoir duty lo have due regard lo thg guidance on public b8n•fil publishe¢J by the Commission in exerosing their pol￿r5 or duli86. TRUSTEES, STATEMENT This report was approved by the TNslee5 on . by.. .and signed on their behdf Mr S Rovland-Jones Trustees B Cheeseman Tnjstee

NORTH NORFOLK MUSIC FESTIVAL RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024

Concerts
Ticket Sales
Artists' fees
Other concert expenses
Other Receipts
Friends' subscriptions & donations
Other concert income
Gift aid
Payments
Marketing
Administration
Charitable donations
Sundries
PayPal charges
Net receipts for the year
Cash at bank 1 November 2023
Net receipts for the year
Cash at bank 31 October 2024		 £
£
57,732
47,194
26,354
(73,548)
(15,816)
22,147
12,615
4,638
39,400
2,010
8,084
3,200
328
1,092
(14,714)
8,870
58,090
8,870
66,960
2024
Unrestricted Funds		 £
£
55,634
50,299
32,782
(83,081)
(27,447)
23,453
12,581
6,686
42,720
4,233
5,751
-
600
1,104
(11,688)
3,585
54,505
3,585
58,090
2023
Unrestricted Funds		 £
£
55,634
50,299
32,782
(83,081)
(27,447)
23,453
12,581
6,686
42,720
4,233
5,751
-
600
1,104
(11,688)
3,585
54,505
3,585
58,090
2023
Unrestricted Funds
22,147
12,615
4,638		 23,453
12,581
6,686
(27,447)
42,720
(11,688)
2,010
8,084
3,200
328
1,092		 4,233
5,751
-
600
1,104
3,585
54,505
3,585
58,090

1

NORTH NORFOLK MUSIC FESTIVAL STATEMENT OF ASSETS AND LIABILITIES AS AT 31 OCTOBER 2024 Unrestricted Funds 2024 Unrestricted Fund$ 2023 CURRENT ASSETS Cash at bank PayP 66,079 56,978 66.960 58,090 FUNDS Unrestrlcted reserves 58.04) The charity had ro other materFal asSOts or liabH￿.8$ at 31 Octoter 2024 or 31 OctofJer 2023. These aceounls We￿ approved and aulhorised for issue by the Trusteès and were Igned on thoir behall by.. Mr S R￿Mand￿c￿$ Trustee Mr B Cheeseman Trustee Dale.. Zlt& "L

NORTH NORFOLK MUSIC FESTIVAL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024

1 General notes

Basis of accounting:

The accounts have been prepared on a receipts and payments basis. Accordingly no account is taken of amounts payable or receivable at the period end.

2 Transactions with Trustees

The Charity does not have any employees.

Mr S Rowland-Jones, a Trustee, charged the Charity £nil for programme, website and administration work, as well as a recital (2023: £3,900)

Mr B Cheeseman, a Trustee, charged the Charity £3,500 for the use of his own home as accommodation and administration (2023:nil).

3 Other disclosure issues

The Charity has not given any guarantees charged or received a loan secured on any of its assets, or has at the year end any contingent liabilities. The Charity does not receive grants as a material part of its income.

3

INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES ON THE UNAUDITED ACCOUNTS OF NORTH NORFOLK MUSIC FESTIVAL

I report to the trustees on the examination of the accounts of the Charity for the year ended 31 October 2024 which are set out on pages 1 to 3.

Responsibilities and basis of report

As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

Independent Examiners’ statement

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records

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.

Christopher Yeates FCA DChA

LARKING GOWEN LLP CHARTERED ACCOUNTANTS SUMMERHILL HOUSE SCULTHORPE FAKENHAM NR21 9HA

Dated: 29 April 2025