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2022-06-30-accounts

REGISTERED COMPANY NUMBER: 04670534 (England and Wales) REGISTERED CHARITY NUMBER: 1130000

Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 June 2022

for

Manchester Jazz Festival

CFA Tax Limited 99 Westbourne Road Selby North Yorkshire YO8 9DA

Manchester Jazz Festival

Contents of the Financial Statements for the Year Ended 30 June 2022

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 18
Detailed Statement of Financial Activities 19 to 20

Manchester Jazz Festival

Report of the Trustees for the Year Ended 30 June 2022

The trustees (who are also the directors of Manchester Jazz Festival for the purposes of company law) present their report and the unaudited financial statements for the year ended 30 June 2022. The organisation is a charitable company limited by guarantee. Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Charities Statement of Recommended Practice (FRS102).

Background

Manchester Jazz Festival was founded in 1996 to promote and advance the appreciation of and participation in jazz, contemporary and globally diverse music. Committed to dissolving genre stereotypes, the presentation of new work, and the development of home-grown talent, Manchester Jazz Festival is Manchester's longest running music festival. Manchester Jazz Festival looks within and beyond the city limits in its search for distinctive, original and exceptional music to provide outstanding cultural experiences that enrich the lives of the people and communities across Greater Manchester and the North of England.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Articles of Association of Manchester Jazz Festival state that the charity will:

(a) present, promote, produce and participate in concerts, performances, and festivals either alone or with others;

(b) collaborate with and commission work from individuals and organisations who work in music and other art forms such as drama and dance in furtherance of the objects of the company;

(c) organise, promote and deliver jazz classes and workshops either alone or with others;

(d) purchase, acquire and obtain interests in the copyright of or right to perform any musical composition which can be used to further the objects of the company;

(e) enter into agreements with teachers, performers, musicians, producers and other professionals in associated fields;

(f) publish, sell or disseminate any work produced as a result of the company's activities including programmes, recordings and merchandise designed to promote the work of the company.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

Public benefit

The Trustees, having had regard to guidance on public benefit issued by the Charity Commission, confirm that the charitable purposes fall within the definitions set out in the Charities Act and, therefore are for the public benefit.

Page 1

Manchester Jazz Festival

Report of the Trustees for the Year Ended 30 June 2022

ACHIEVEMENT AND PERFORMANCE

In the period covered by this report, 1 July 2021 to 30 June 2022, recovery from the Covid-19 pandemic slowly enabled live performances to return, albeit with a continuing negative impact on livelihoods, especially those of cultural practitioners. Manchester Jazz Festival used its continued funding to invest in performance, creative and personal development opportunities for artists and in reshaping its festival for the benefit of live audiences across Greater Manchester and beyond. Further cohorts were recruited into mjf's artist development programmes Soundcheck and hothouse and two new works were commissioned through the mjf originals programme and as part of mjf's participation in the Jerwood Jazz Encounters collaboration.

1: mjf22 festival

In June 2022 mjf delivered its first full-scale festival since 2019. Following extensive research and remodelling, a new, lower-risk festival format was devised and delivered in collaboration with six venue partners: Escape to Freight Island, Band on the Wall, St Ann's Church, NQJazz@The Yard, Forsyths and Matt & Phreds. 45 festival events took place over 10 days, with minimal risk to dilution of audiences, thereby accommodating the resultant caution surrounding pandemic recovery and public spending pressures. A participatory city-wide piano trail encouraged public music-making, and two new work premieres in the public realm brought people directly into contact with ground-breaking new music in public spaces.

The programme reflected the organisation's mission and its ambitions for high quality and diversity, with some notable engagement achievements:

2: Talent Development

Thanks to its continual improvement and the bespoke nature of its artist support, mjf hothouse is now recognised as one of the leading jazz artist development programmes in the UK. It combines new work development opportunities with tailored 1-1 mentoring, network and personal development for 6 under-represented, diverse mid-career artists from the north. Funded by ACE and PRS Foundation, mjf delivered its sixth round of this pioneering initiative, and impacted the participants in various profound ways, from wholesale changes in artistic direction for some artists to the support for Visa applications for others. mjf hothouse continues to achieve its objectives of diversity and inclusion for the jazz scene, not only through the demographics of the participants, but through its legacy, as demonstrated by the artists' ensuing achievements, ranging from festival commissions to national awards.

Soundcheck, delivered both online and in person in Autumn 2021, recruited ten 18-25 year-old artists from across Greater Manchester with little or no experience of improvisation in their music-making. Once again, the focus was placed on under-represented people, with a range of diversities from cultural heritage, disability and sexuality to educational and socio-economic backgrounds. Participants were offered an 8-week intensive programme, working towards sharing new work containing improvisation for the first time. Along the way, they were given a hothouse mentor, a personal introductory session with an industry professional, a personalised playlist, participation in a group jam session at a professional venue, and an introduction to improvisation concepts. Evaluation shows that it was an empowering experience for all: "I really enjoyed the entire process of challenging my view and broadening my horizons."

"I was struggling with self-confidence and having the confidence in my work to believe that it's worth other peoples' time to take part. [Soundcheck] helped me ask myself the right questions which debunked these thoughts.- Soundcheck participants.

Page 2

Manchester Jazz Festival

Report of the Trustees for the Year Ended 30 June 2022

Continuing mjf's long-held tradition of commissioning new work, mjf appointed two northern artists to create new works to be experienced in the public realm. 'Fountainia' and 'Enso' took place at one of Manchester's public water features and at Piccadilly train station respectively, and empowered the artists to develop new music on their own terms that also created direct public engagement whilst furthering their own artistic vision.

mjf also contributed to national and international panels, webinars and other sectoral development activities, including the Jerwood Jazz Encounters programme with Cheltenham Jazz Festival, the Take 5 programme run by Serious, the Europe Jazz Network annual conference, and the JazzIAm showcase in Barcelona.

mjf continued its Founder Membership of Black Lives in Music initiative and as a Keychange signatory, to support campaigns to increase awareness of imbalances in cultural diversity and gender representation on and off stage in the UK music industry.

FINANCIAL REVIEW

Financial position

As an annual festival whose window of opportunity for earned income relies on a condensed period, the ongoing Covid-19 pandemic continued to have a serious impact on the economic modelling of Manchester Jazz Festival in the reporting period. However, the continued support of core funders, who retained funding at 100%, coupled with further reductions in overheads, and cost-saving partnerships, means that the charity finishes the year in a position of relative stability. The impact of Covid-19 remains significant, with continued loss of earned income and sponsorships, although the company has invested time and effort into reworking its output and budget to deliver its charitable outcomes within the resources available.

Income

Total income for the period was £266,386 (2021: £293,909). Income from grants, trusts and foundations awarded in the reporting period was £237,126 (2021: £268,205), of which Arts Council England contributions were £171,531 (2021: £189,935). Current Arts Council England NPO funding has been extended for a further year to enable recovery from the impact of Covid-19 restrictions and now runs until 31 March 2023.

Trustees wish to thank all of our funders in 2022: Arts Council England Manchester City Council Greater Manchester Combined Authority PRS for Music Foundation Help Musicians

Thanks also go to all our friends, individual donors and audiences for their continued support of Manchester Jazz Festival over the last 12 months.

Expenditure

Total expenditure for the reporting period was £236,955 (2021: £248,013).

Reserves policy

Manchester Jazz Festival finished the period covered by this report with net income of £29,431 (2021: £45,896). Unrestricted funds of £83,916 and restricted funds of £7,230 were carried forward to the 2023 financial year.

Manchester Jazz Festival, in a normal year, adheres to best practice on reserves and aims to sustain its free reserve of 3 months' running costs plus 10-20% of turnover. This is to enable the charity to manage unexpected events and to respond quickly to opportunities. However, in order to remain eligible for Culture Recovery Funding, reserves targets were adjusted down to 8 weeks' running costs. Following closure of the CRF grant period, the company is in the process of successfully rebuilding reserves back up to its original target.

Page 3

Manchester Jazz Festival

Report of the Trustees for the Year Ended 30 June 2022

FUTURE PLANS

Continued uncertainty around the impact of Covid-19, and on the increasing financial pressures on public spending, makes forecasting for 2023 challenging. However, our newly-revised festival model provides us with a solid foundation for the 2023 event, with an additional component that engages communities in the new work commissioning process.

Recent changes in staffing have enabled the organisation to reimagine the Communications needs for this new model, along with making some advances with cultural diversity of the workforce and board.

mjf's ACE NPO funding 2023-26 will be confirmed in Autumn 2022. Standstill funding is cautiously expected, and our plans will be revised as necessary, should this be dictated by the level of this and other funding awards.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Manchester Jazz Festival is a company limited by guarantee and a Registered charity, with a Board of directors who are also its Trustees.

As stated in the Memorandum and Articles of Association, Manchester Jazz Festival was founded in 1996 to promote and advance the appreciation of and participation in music, especially contemporary music, including jazz and world music, in the North West of England and particularly Greater Manchester.

It does this primarily through the organisation and presentation of the annual Manchester Jazz Festival, a series of free and ticketed events staged at various city centre venues.

Recruitment and appointment of new trustees

The Board of trustees is comprised of diverse individuals well-matched to the momentum of the organisation. Trustees are recruited either through personal approaches, advertisement or through a Board Bank scheme. They are subsequently invited for an informal interview and then formal discussion with the Board prior to the Board voting on their appointment at a Board meeting.

Page 4

Manchester Jazz Festival

for the Year Ended 30 June 2022

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Responsibilities of the members of the Council in relation to the financial statements

The Trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (The Financial Reporting Standards applicable in the UK and Republic of Ireland "FRS 102").

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and applications of resources, including its income and expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

" State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

" Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing this report the trustees have taken advantage of the small company exemptions.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04670534 (England and Wales)

Registered Charity number

1130000

Registered office

Elliot House 151 Deansgate Manchester Greater Manchester M3 3WD

Page 5

Manchester Jazz Festival

Report of the Trustees for the Year Ended 30 June 2022

Trustees

M O Bolatiwa Musician (appointed 12.4.22)

M A Casserly-Stewart Creative Producer

M E Cavallero Project Manager, Digital Development

M P G Cusack Business Development Director

M P H Evans Commercial Director (resigned 13.7.21)

M N C Gawthorpe Charted Accountant

M N Guerreiro Beaumont-L Head Of Events And Sponsorship Dr K M Isaacs Associate Dean: Research And Innovation

M J E Mccallum Music Teacher M I R C Mckeith Director M L C Scott Programme Manager M J E Sewart Director Of Skills Development & Social (resigned 11.9.21) M D J Skerritt Musician (appointed 12.4.22)

M J Taylor Marketing Director M L Wharton Solicitor

Independent Examiner

CFA Tax Limited 99 Westbourne Road Selby North Yorkshire YO8 9DA

Approved by order of the board of trustees on 24 August 2022 and signed on its behalf by:

Dr K M Isaacs - Trustee

Page 6

Independent Examiner's Report to the Trustees of Manchester Jazz Festival

Independent examiner's report to the trustees of Manchester Jazz Festival ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of AAT which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Mrs Cassandra Fennell AAT CFA Tax Limited 99 Westbourne Road Selby North Yorkshire YO8 9DA

24 August 2022

Page 7

Manchester Jazz Festival

Statement of Financial Activities for the Year Ended 30 June 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Voluntary income
2
172,081
Charitable activities
3
General fund
12,575
Programming contributions
5,000
mjf Friends
-
Merchandise
1,305
Ticket sales
13,230
PRS for Music Foundation
-
Help Musicians UK
-
Manchester City Council
19,500
GMCA Funding
5,833
Total
229,524
EXPENDITURE ON
Costs of generating voluntary income
4
104,561
Charitable activities
5
Charitable activities
75,381
Total
179,942
NET INCOME/(EXPENDITURE)
49,582
RECONCILIATION OF FUNDS
Total funds brought forward
34,374
TOTAL FUNDS CARRIED FORWARD
83,956		 Restricted
funds
£
-
-
-
-
-
-
20,500
1,600
-
14,762
36,862
-
57,013
57,013
(20,151)
27,381
7,230		 30.6.22
Total
funds
£
172,081
12,575
5,000
-
1,305
13,230
20,500
1,600
19,500
20,595
266,386
104,561
132,394
236,955
29,431
61,755
91,186		 30.6.21
Total
funds
£
287,405
-
5,000
750
454
-
-
-
-
-
293,609
102,354
145,360
247,714
45,895
15,860
61,755

The notes form part of these financial statements

Page 8

Manchester Jazz Festival

Balance Sheet

30 June 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
2,246
CURRENT ASSETS
Debtors
10
38,743
Cash at bank and in hand
115,356
154,099
CREDITORS
Amounts falling due within one year
11
(72,389)
NET CURRENT ASSETS
81,710
TOTAL ASSETS LESS CURRENT
LIABILITIES
83,956
NET ASSETS
83,956
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
7,230
7,230
-
7,230
7,230
7,230		 30.6.22
Total
funds
£
2,246
38,743
122,586
161,329
(72,389)
88,940
91,186
91,186
83,956
7,230
91,186		 30.6.21
Total
funds
£
985
8,162
88,588
96,750
(35,980)
60,770
61,755
61,755
34,374
27,381
61,755

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 9

continued...

Manchester Jazz Festival

Balance Sheet - continued 30 June 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 August 2022 and were signed on its behalf by:

K M Isaacs - Trustee

The notes form part of these financial statements

Page 10

Manchester Jazz Festival

Notes to the Financial Statements for the Year Ended 30 June 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 11

continued...

Manchester Jazz Festival

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

2.
VOLUNTARY INCOME
Grants
Subscriptions
Sponsorships
Grants received, included in the above, are as follows:
Arts Council England
Help Musicians UK
GMCA Funding
COVID grants
PRS for Music Foundation
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Other income
General fund
Other income
Programming contributions
Other income
mjf Friends
Other income
Merchandise
Other income
Ticket sales
Other income
PRS for Music Foundation
Other income
Help Musicians UK
Other income
Manchester City Council
Other income
GMCA Funding		 30.6.22
£
171,531
550
-
172,081
30.6.22
£
171,531
-
-
-
-
171,531
30.6.22
£
12,575
5,000
-
1,305
13,230
20,500
1,600
19,500
20,595
94,305		 30.6.21
£
267,905
-
19,500		 30.6.21
£
267,905
-
19,500
287,405
30.6.21
£
189,935
14,100
30,524
21,846
11,500
267,905
30.6.21
£
-
5,000
750
454
-
-
-
-
-
6,204

Page 12

continued...

Manchester Jazz Festival

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

4. COSTS OF GENERATING VOLUNTARY INCOME

Raising donations and legacies

Staff costs
Staff training
Marketing
Fundraising costs
CHARITABLE ACTIVITIES COSTS
Charitable activities
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Hire of plant and machinery		 Direct
Costs
£
126,943		 30.6.22
£
86,668
750
17,143
-
104,561
Support
costs
£
5,451
30.6.22
£
397
1,352		 30.6.21
£
93,111
-
9,196
47
102,354
Totals
£
132,394
30.6.21
£
-
610

5. CHARITABLE ACTIVITIES COSTS

6. NET INCOME/(EXPENDITURE)

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Voluntary income
232,281
Charitable activities
Programming contributions
5,000
mjf Friends
750
Merchandise
454
Total
238,485		 Restricted
funds
£
55,124
-
-
-
55,124		 Total
funds
£
287,405
5,000
750
454
293,609

Page 13

continued...

Manchester Jazz Festival

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
EXPENDITURE ON
Costs of generating voluntary income
97,944
4,410
Charitable activities
Charitable activities
106,524
38,836
Total
204,468
43,246
NET INCOME
34,017
11,878
RECONCILIATION OF FUNDS
Total funds brought forward
357
15,503
TOTAL FUNDS CARRIED FORWARD
34,374
27,381
9.
TANGIBLE FIXED ASSETS
Fixtures
Plant and
and
machinery
fittings
£
£
COST
At 1 July 2021
1,420
3,779
Additions
1,658
-
At 30 June 2022
3,078
3,779
DEPRECIATION
At 1 July 2021
1,420
2,794
Charge for year
249
148
At 30 June 2022
1,669
2,942
NET BOOK VALUE
At 30 June 2022
1,409
837
At 30 June 2021
-
985		 Total
funds
£
102,354
145,360		 Total
funds
£
102,354
145,360
247,714
45,895
15,860
61,755
Totals
£
5,199
1,658
6,857
4,214
397
4,611
2,246
985

Page 14

continued...

Manchester Jazz Festival

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22
£
Trade debtors
23,162
Prepayments and accrued income
15,581
38,743
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22
£
Trade creditors
-
Social security and other taxes
3,523
VAT
2,223
Other creditors
433
Accruals and deferred income
66,210
72,389
12.
MOVEMENT IN FUNDS
Net
movement
At 1.7.21
in funds
£
£
Unrestricted funds
General fund
34,374
49,582
Restricted funds
Trust and foundations
-
1,000
Help Musicionas UK
5,115
1,115
GMCA Funding
22,266
(22,266)
27,381
(20,151)
TOTAL FUNDS
61,755
29,431		 30.6.21
£
454
7,708
8,162
30.6.21
£
6,614
2,794
12,574
-
13,998
35,980
At
30.6.22
£
83,956
1,000
6,230
-
7,230
91,186

Page 15

continued...

Manchester Jazz Festival

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Manchester City Council
Restricted funds
Trust and foundations
Help Musicionas UK
GMCA Funding
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Access to Growth
Trust and foundations
Help Musicionas UK
GMCA Funding
TOTAL FUNDS		 Incoming
resources
£
210,024
19,500
229,524
20,500
1,600
14,762
36,862
266,386
At 1.7.20
£
357
4,000
11,500
3
-
15,503
15,860		 Resources
expended
£
(160,442)
(19,500)
(179,942)
(19,500)
(485)
(37,028)
(57,013)
(236,955)
Net
movement
in funds
£
34,017
(4,000)
(11,500)
5,112
22,266
11,878
45,895		 Movement
in funds
£
49,582
-
49,582
1,000
1,115
(22,266)
(20,151)
29,431
At
30.6.21
£
34,374
-
-
5,115
22,266
27,381
61,755

Page 16

continued...

Manchester Jazz Festival

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Manchester City Council
Restricted funds
Access to Growth
Trust and foundations
Help Musicionas UK
GMCA Funding
TOTAL FUNDS		 Incoming
resources
£
218,985
19,500
238,485
-
11,500
14,100
29,524
55,124
293,609		 Resources
expended
£
(184,968)
(19,500)
(204,468)
(4,000)
(23,000)
(8,988)
(7,258)
(43,246)
(247,714)		 Movement
in funds
£
34,017
-
34,017
(4,000)
(11,500)
5,112
22,266
11,878
45,895

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Access to Growth
Trust and foundations
Help Musicionas UK
TOTAL FUNDS		 Net
movement
At 1.7.20
in funds
£
£
357
83,599
4,000
(4,000)
11,500
(10,500)
3
6,227
15,503
(8,273)
15,860
75,326		 At
30.6.22
£
83,956
-
1,000
6,230
7,230
91,186

Page 17

continued...

Manchester Jazz Festival

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Manchester City Council
Restricted funds
Access to Growth
Trust and foundations
Help Musicionas UK
GMCA Funding
TOTAL FUNDS		 Incoming
resources
£
429,009
39,000
468,009
-
32,000
15,700
44,286
91,986
559,995		 Resources
expended
£
(345,410)
(39,000)
(384,410)
(4,000)
(42,500)
(9,473)
(44,286)
(100,259)
(484,669)		 Movement
in funds
£
83,599
-
83,599
(4,000)
(10,500)
6,227
-
(8,273)
75,326

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2022.

Page 18

Manchester Jazz Festival

Detailed Statement of Financial Activities for the Year Ended 30 June 2022

INCOME AND ENDOWMENTS
Voluntary income
Grants
Subscriptions
Sponsorships
Charitable activities
Other income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Social security
Pensions
Staff training
Marketing
Fundraising costs
Charitable activities
Instrument hire
Insurance
Postage and stationery
Advertising
Sundries
Production costs
Artist fees and expenses
Freelance
Support costs
Management
Telephone
Legal fees
Payroll fees
Consultancy fees		 30.6.22
£
171,531
550
-
172,081
94,305
266,386
81,983
2,756
1,929
750
17,143
-
104,561
1,352
2,243
434
-
602
8,702
113,610
-
126,943
68
400
370
-
838		 30.6.21
£
267,905
-
19,500
287,405
6,204
293,609
87,082
3,776
2,253
-
9,196
47
102,354
610
2,199
45
2,567
17
6,619
82,209
28,125
122,391
68
6,650
841
3,800
11,359

This page does not form part of the statutory financial statements

Page 19

Manchester Jazz Festival

Detailed Statement of Financial Activities for the Year Ended 30 June 2022

Management
Finance
Bank charges
Bank loan interest
Information technology
IT
IT Support
Governance costs
Accountancy and legal fees
Fixtures and fittings
Total resources expended
Net income		 30.6.22
£
594
-
594
184
567
751
2,872
396
3,268
236,955
29,431		 30.6.21
£
469
440
909
1,147
7,640
8,787
1,740
174
1,914
247,714
45,895

This page does not form part of the statutory financial statements

Page 20