REGISTEREDCOMPANY NUMBER: 07386590 (England and Wales) REGISTERED CHARITY NUMBER: 1142241 REPORT OF THE TRUSTEES AND UNAUDITED FJNANCIALSTATEMENTS FOR THE YEAR ENDED 2 JUNE 2023 FOR OXFORD MAY MUSIC KAS AcCntsnts Limited Chartered Certifi¢d Accountants 20-22 Wenlock Road tA)ndo NI 7GU Illlll "ACXJPQP4' COMPANIES HOUSE
OXFORD MAY MUSIC CONTENTSOFTHE FINANCIAL STATEMENTS for the Year Ended 2 JuAe 2023 Page Report of the Trusteeg I{l¢peNdent Examiner's Report ststement of fingncial Activities Bal*nce Sheet Notes to the Fiwanciil Sts¢ements 7 to 10 Detailed Statement of FiThaDcial A¢tiviti¢5
OXFORD MAY MUSIC (R¢gist¢r¢d nmber. 07386590) REPORTOF THE TRUSTEES for the Ye*r Ended 2 Ju#e 2023 Th¢ tru5te¢s who ar¢ also directors of the chority for the purposes of the Companies Act 2006, present iheir report with the financial statements of the charity for the year ended 2 June 2023. The ttuste¢s have adopted the provisions of Accounting and Reporting by Charities.. Sraiemeni of Recommended Practice applicabl¢ to charities preparing their ccounts in accordance wilh the Financial ReN)rting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). OBJECTIVES AND ACTIVITIES Objtttive5 and airns The objects of Oxford May Music are to apply iL% itjcome and capital= (a) to provide, maintain. improve, advance. promoie and facilithte education. particularly bui not exclusively art and science for the benefil of ihe public by the estsblishment of lectures and perfornan¢¢5 on arts music and science (lectrjres and performances). (b) to advance such other objecis or pury)ses which are exclusively charitsble according to the law of England and Wales in such manner &8 ihe tree$ may in their absolute discretion think fit. STRUCTURE, GOVERNANCE AND MAJ¥ACEMENT GoverTring document The charity is controlled by its governirtg dUment, a de¢d of trust, and constitutes a limiied company. limiied by guarantee. &% defined by the Cixnpanies Act 26. Legal status The Charity is constiDJied as a company limited by gusrnnte¢, number 07386590 and is therefore governed by its Artieles of Association, incorporated on 7 Sepiember 2010 as amended by Special resolution registered at Companies House on 21 A"pril 2011. The Charity was registered with the Charity Cornrnission on 3 June 2011, Charity Number. 142241. Risk management The trustees have a duty to ideniify and review the risks to which the Charity is exposed and to ensure appropriate conirols are in place to provide rwonable uranCe against frdud and error. The primary risk to the Charity is that it will be unable to generale the fijnds io meet ihe financial requirements as set out in the Charity's objecrives. All activities of Oxford May Musir ar¢ subject to risk revi¢w. A5 risks ar¢ identifd they are ranked in tenns of their likely impact and likelihood of oCCuenCe. The Trusiees review risks on an ongoing b&sis and satisfy themselves that adequare sysrems and procedures are in place to manage any risks identified risks. Pag¢ I
OXFORD MAY MUSIC (R¢gi5t¢red DMbtr. 07386590) REPORT OF THE TRUSTEES for lh¢ Year Ended 2 June 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Financial review and results for th¢ year The financial results of the activities of Oxford May Music are shown on the Staiernent of Financial Activities set out on Page 5. During the year, Oxford May Music rectived donations and ticket receipts of £36,911 (2022 - £26,494) from private cornpani¢s, other ¢hariti¢& and th¢ public to cary out its aclivilies. Aeknowkdgernent The Charity gratefully acknowledges ihe $ilficant contribution of all th05¢ involved with its a¢livities and the generosity of its donors. Taxation Oxford May Musi¢ i$ 4 Charity r¢gi5t¢red with the Charity Cornmission and recognized as a Charity by HM Revenue & Customs for taxalion purposes. As a result there is no liability io tsxaiion on any of its income. Stternent of Tr$¢$. RponsibIlItIeS Company law TequiTe5 th¢ Trustees to prepare financial ststemenrs for each financial period which give a true and fair view of the stsre of affairs of the charitsble company and of the incoming resources and application of resolhrees. including the income and expenditure, of the charitable company for that period. In preparing these financial statem¢nts, the trusttts are required to= select Suitable accounting policies and then apply them consisienily. - observe the methods and principles in the Charities SORP: - make judgements and estimat¢s are reasonabl¢ and prudenL stale whether applicable accouniing stsndards and ststements of recommended practice have been followed, subject to any depanures disclosed and explained in the financial swemenis- and We prepared the fjnancial ststem¢nts OD th¢ going ¢on¢ern basis unless li is inappropriate io presume that rhe Charity will cgntinlte in operdtion. The Trustees are responsible for keeping proper accounting records which disclose with rtasonable accthracy the financial position of the charity company and enable iheTll 10 ensure that the financial statements COTnpany with the Charities A¢t 2006. They ar¢ also responsible for safeguarding the wts of the ¢haritsbl¢ company and hence for taking reasonable steps for the Prevention and deteciion of fraud and other irregularities as well &$ exercising financial controls. REFERENCE AND ADMIIVISTRATIVE DETAIiS Registered Company number 07386590 (England and Wales) Registered Charity n•mber 1142241 Registered otrK CIO Mr D R Liebeck Oxford May Musi 19 Danvers Road London N8 7HH Trustees Professor B Foster Professor Of Physics Mr D R Liebe¢k Reiired Company S¢cretry Mr D R Liebeck Page 2
OXFORD MA Y MUSIC (Registered ththmber: 07386590) REPORT OF THE TRUSTEES for tb¢ Ye•r Ended 2 JyD¢ 2023 REFERENCE AND ADMII¥ISTRATIVE DETAILS Independent Examiner KAS Accountants Limited Chartered Certified Accountants 20-22 W¢nlo¢k Road London NI 7GU Approved by order of the Ixmrd of trees on 5 February 2024 3TrJ 5igrKd on its behalf by.. Mr D R Li¢beck- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD MAY MUSIC Independent examiner's rew)rt to the trustee5 OIOXFORD MAY MUSIC {'the Company,) I repc*t to the charity trustees on my examination of ihe accounts of the Company for the year ended 2 June 2023. Re5p¢>nsibilities and bw5is of report As the charity's tnjsiees of the Company (and also its directors for the pUTse1 of tompany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act 2006 {Ihe 2006 Act'}. Having satisfied myself that the accounts of the Company are not required io be audited under Part 16 of the 2006 Act and are eligible for ind¢pendent examination. I repon in respect of my examination of your charity's accounts as Caled out under Section 145 of ihe Charities Aci 2011 Cthe 2011 Aci,). In carrying out my examination I have followed the Directions given by the Charity Commrssion under Sxtion 145<5) (b) of the 2011 ACL Jndependent examiner's ststement I have completed my examination. I confiTrn that no matter5 have come to my attention in connection with the examination giving m¢ caus¢ lo b¢lieve- accounting records were not kepi in respect of the Company &$ r¢quired by S¢¢tion 386 of th¢ 2006 Act,. or the accourtts do not accord with those rordS. or th¢ accounts do not comply with the accounting requirements of Seciion 396 of the 21MJ6 Act other than any requiTemeni ihat the accounts give a ttNe and fair view which is not a rnatter considered &% part of an independent examination- or Ihe accounis have not been prepared in xcordance with the m¢thod5 and principle5 of th¢ Statement of Recommended PrdCti¢e for accounting and reporting by chariries (applicable io chariiies preparing their accounts in accordance with the FInala1 Reponiftg Stsndard applicable in ihe UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper Undelg of the accounts to be r¢ached. tk.L jJ_O Fcc Mr Kaleem A Saeed FCCA KAS A¢¢ountants Limited Chartered Certified Accountants 20-22 Wenlock Road London NI 7GU KAS A(Kothtao"ts Limiled. 5 February 2024 Page 4
OXFORD MAY MUSIC ATEMENT OF FINANCIAL AcfiviTIES for the Yur Emded 2 June 2023 216123 Unrestricted fuTkd 216122 Total fund5 N¢$ INCOMING RESOURCES FROM Donations, s)nsorShipS received and Tickei sales from ¢v¢nts 36.91 26,494 RESOURCES EXPENDED ON Charitable activities Music festival cosrs 33.557 32,581 Accountancy 360 Total 33,917 32,581 NET INCOMEI(EXPENDITURE) (6.087) RECONCILIATION OF FUNDS Total funds biought fotward 3.245 9.332 TOTAL FUNDS CARRIED FORWARD 6.239 3.245 The eS forn) part of ihese financial statements
OXFORD MAY MUSIC BALANCE SHEET 2 21ll3 216123 Unrestricted fund 216122 Total funds CURRENT ASSETS Cash at b¥nk 6.599 3,245 NET CURRENT ASSETS 6,599 3.245 TOTAL ASSETS LLSS CURRENT LIABILITIES 6.599 3.245 ACCRUALS AND DEFERRED INCOME (360) NET ASSETS 6,239 3,245 FUNDS Unrestricted funds 6,239 3.245 TOTAL FUNDS 6.239 3,245 The charitsble company is entitled io exemption from audii under Section 477 of the Companie5 Act 2(M)6 for the year ended 2 June 2023. The member5 have not required ihe ¢omp3ny lo obtain an audit of its financial swements for the year ended 2 Jun¢ 2023 in accordan(¢ with Sxtion 476 of the Companies Aci 2006. The tNstees acknowledge their responsibilities for (a) ensuring ihat the charitable c(mipany keeps xcounting records that cornply with Seclions 386 and 387 of the Cornpanie5 Act 2006 and preparing financial statements which give a mie and fair view of the state of affairs of the charitable company a$ at the end of each financial year and of ris surplus or deficit for earh financial ye•r in aordanCe with the requirements of Sections 394 and 395 ar which otherwise comply with the requirements of the Companies Act 2006 relating lo financial Slaternen so far as applicable to the charitable company. (b) These financial stsiemenis have been prepared in accordance with the provision5 applicable lo charitsble companies subject to the small eompanies regim¢. The financial sthtements w¢re approved by the Board of TnLStees and ahori5¢d for issue on 5 February 2024 and were signed on its behalf by-. Mr D R Liebeck- TnL5tee The notes forrn part of these financial slatements Page 6
OXFORD MAY MUSIC NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 2 June 2023 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company. which is a public benefii eniity under FRS 102, have been prepared in accordance wilh ihe Charilies SORP (FRS 102) 'A¢counting and Reporting by Charili¢s.' Stat¢m¢nl of Recommended PActice applicable to charities preparing th¢ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)., Financial Reporting Standard 102 The Financial RertIng Standaid applicable in the UK and Republic of Ireland, and ihe Companies Ad 2006. The financial statements have been prepared under the historical cost convention. CRITJCAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY At the time of approving the accounts, the tru5t¢e5 have a reasonable expeaaiion ihat ihe charity has adequate re50ur¢es to continue in owional exisience for the foreseeabk future. Thus the Trustees. continue to adopt the going concern basis of accouniing in preparing the accounL8. INCOMING RESOURCES All income is recO1Zed in ihe Statement of Finala1 Activities once the charity ha% entitlement to th¢ fund5, it is probable that the income will be received and th¢ amount ¢an b¢ measur¢ reliably. RESOURCES EXPENDED Liabilities are re¢ognized as expendiiure as soon as there is a legal or constructive obligation commiiting the charity io ihat expenditure, it is probable thal a transfer of economic benefits will k r¢quir¢d in s¢ttl¢m¢nt and the amount of the obligation can be measured reliably. Expenditure is acc4)unted for on an accruals basis and has been classified und¢r headings that aggregate all c05t related to rhe category. Where costs cannoi be directly attributed to particular headings they have bttn allocated to activities on a basis consistent with the use of resources. TAXATION The charity is exem from corporation on its charitable athivilies. FUND ACCOUJYTING Unrestricied funds can be used in accordance with the charitsble objeuiyes at the discretion of the trnstees. Restricted funds can only be used for particular restricied purposes within the obj¢ct5 of the ¢harity. Restrictions arise when specified by the donor or when fimds are rnis¢d for particular re5trict¢d purpose5. Further explanation of the nattrt and puryM)se of each fund is included in the notes to the finan¢ial $ements. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other inefits for the y¢ar ¢nd¢d 2 June 2023 nor for the year ended 2 June 2022. TRUSTEES, EXPENSES There were no trsteeS, expenses paid for the ye4r eTkkd 2 June 2023 nor for the year ended 2 June 2022. continued...
OXFORD MAY MUSIC NOTES TO THE FINAJ¥CIALSTATEMENTS- Continued for the Y¢4r Ended 2 JUD¢ 2023 COMPARATIVES FOR THE STATEMENT OF FINA]YCIAL ACTIVITIES Unrestricted fund INCOMING RESOURCES FROM Donaiions. sponsorships received and Ticket sale5 from events 26,494 RESOURCES EXPENDED Oty Charitablt activities Music fesiival costs 32,581 NET INCOMFJ{EXPEJYDITURE) (6.087) RECONCILIATION OF FUNDS Totsl funds brought forlwdrd 9.332 TOTAL FUNDS CARRIED FORWARD 3,245 GOING COJYCERN At the time of approving the aecounts, the trustees have a re&sonable expectstion that the charity adequate resources to ¢ontinu¢ in operdtional existen¢e for the foreseeable fuiure. Thus the Trust¢e5' wntinu¢ to adopt the going concern basis of accounting in preparing the accounts. CHARITABLE FUNDS Unrestricted funds are available for use ai the discreiion of the Injsttts in fijnherance of their charitable objectives unless the fund5 have been designated for oiher purFM)ses. ACCRUALS AND DEFERRED INCOME 216r23 216122 Accruals and deferred tncorne 360 Page 8 continu¢d...
OXFORD MAY MUSIC NOTES TOTHE FINANCIAL STATEMENTS- continued for tbe Year Ended 2 June 2023 MOVEMEJYT IN FUNDS N¢t movement in funds At 216123 At 316122 Unrestricted funds Generdl fund 3.245 2,994 6,239 TOTAL FUNDS 3245 2,994 6,239 Net movement in fund5, includ¢d in th¢ abov¢ are as folk>ws'. Incoming resource5 R¢sour¢es expended Movtrnent in fvnds Unrestricted funds General fvnd 36.911 (33,917) TOTAL FUNDS 36.911 (33.917) Comp4r*tiV¢5 for rnov¢m¢nt in funds Net movement in ndS At 216f22 At 316r21 Unrestrieted funds General fund 9.332 (6.087) 3,245 TufAL FUNDS 9,332 (6,087) 3.245 Comparalive net movement in fuThl& Includ in ihe above are as follows: IrKoming resources Resou¢5 expended Movement in fvnds Unrestrleted funds General fvnd 26.494 (32,581) (6,087) TiyfAL FUNDS 26,494 (32.581) (6,087) Pag¢ 9 continued...
OXFORD MAY MUSIC NOTES TO THE FINANCIAL STATEMENTS- Contined for the Year EThded 2 June 2023 MOVEMENT IJ¥ FUNDS- coTrtinwed A Current year 12 months prior year 12 months combined position is &$ follows". Net movemeni in fvnds Ai 216r23 At 316121 Unrutricted f¥nds General fund 9.332 (3,093) 6,239 TOTAL FUNDS 9.332 (3.093) 6,239 A current year 12 months and prior year 12 month5 ¢ombined net movemeni in funds, included in the above are follows.. Incoming re50urc¢5 Resources expended Movement in funds Unrestricted funds General nd 63,405 (66,498) (3,093) TOTAL FUNDS 63,405 166,498) 13.093) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 2 June 2023. Page 10
OXFORD MAY MUSIC DETAILED STATEMENT OF FINANCIAL ACTIVITIES for tb¢ Year End¢d 2 June 2023 Y6r23 216r22 INCOMIIYG RESOURCES Donation& sponsorships rettived and Ti¢k¢t sales from ev¢Dts Charity receipts & donation5 36,911 26,494 Total incoming resource 36,911 26,494 RESOURCES EXPENDED Charitable activitie5 Actountancy Music festival costs 360 33,557 32,581 33.917 32,581 Total r¢sourc¢s ¢xpended 33,917 32,581 Net ineomtl{eKpendilure) 2,994 (6,087) This page does not forni part of ihe ststuiory financial statements Pagell