REGISTERED COMPANY NUMBER: I)7386590 (Eoglnd #nd Wales) REGISTERED CHARITY NUMBER: 1142241 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEMTS FOR THE YEAR ENDED 2 JUNE 2(124 FOR OXFORD MAY MUSIC Alo ADX4Q2YO* 2510W2025 COMPANES HOVSE KAS Accountsnts Lirnit¢d Chartered C¢rtifi¢d Ac£ountaThts 222 Welllock Road LoDdon NJ 7GU
OXFORD MAY mUc cor4TENTS OF THE FIYANCIAL STATEMEiYTS r the Year Ended 2 j¢ 2024 Report ofthe Trnsttt Independent EutDlner's R4[ Balnce Shttt Notts to iht FmxllclAI Sttetllents Detd StsiEmtnt of FlTr*nd•l Aelfvlfj
OXFORD MAY MUSIC (Reglered •uJnber: O7J86591I} B£PORT OF THE TRUSTELS ftsr tke Yer Ended ZJunt 2024 The tnjstets wbo arc also directors of the chaJity for the of the Companies Act 2. ptE5ent their report with the fthancial statements of the charity for the year ¢ndthl 2 2024. The trustees have a&)pted tbe prnvisions of Accounting ar Rtporting by Charitits.. S(at¢mtni of Recommended Prnctict appli¢able to charities preparing the5r counts in accordancc with the Financial Repxtsns Stsndard applicable in tbe UK and Republic ol Lrclaud (FRS 102) {¢ff¢¢tiv¢ l January 2019}. OWEcfivES AIYD ACTIVITIES Objectives and aims The objects of Oxford May Music to apply its IrMe and capitsl: (al to provide. illaintsin. impTOV< advance. promote aThJ facilitste educati(m. particularly bjt not exclusively an and science for th¢ benefit of th¢ public by the ¢stablishmen( of lecuEres and t¢rforniarw on arts rnusic and science (1¢$ and Frformottces). (bl to advance such other Objec or PUry which aye exchjsivety charirable accoThling io the ]aw Df England and Wales in suth Tnannwas the trustccs rnay in thcirabsolutc di%rEtion thir& fiL srRucfuRE, GOVERP4ANCE AND MANAGEMENT Governlng docllmetsi Th¢ charity Is controll1 by its gov&ning dO¢Unl, a deed ot. trLLK 4t)d ¢owitw g liiniied ¢ompny> lirnited by gu•T3nte¢. as defined by the Cowies Act 2006. Legal 5tafvs The Charity is fODS¢ituted as a ¢ompauy limi1 by guanuw nwnber 07.186590 and is therefore ¥ctvetll¢d by ils Articles of Association. incorFX)fdted on ? Seprernber 2010 &s amended by SrKcial resolution registered at Compallies House on 21 April 2011. The Charity w8s rewslered with the Chan"ty Commlssion 3 Jthie 201 I, Charity Nwnber. 1142241. Risk mAnAgemtnt Tbe trt5 bav¢ a thity to thiify and Thi¢w the nsks to w"¢b the C]wi"ty is Expos¢d and Lo ¢Dsu¢ ¥proptia eontrols are ID plxe wprovide ft4soDable assur againA¢ frnl and error. The primary risk the ChaTiry is tha¢ il wll be uthable fo ihe futLds r¢1 tt financial as set out the Charity's objectiYe5. All activitie5 of Oxford May Music are subject to risk Teview. As risks arE idrntified they are rnnked in tCTms of their likely impact and likelihood of OCCUTTence. The Tn Teview Tisks on an ongoing blS satisfy thertIVeS that adquate systems wnd wo¢ethJffs ar¢ in pla¢e to aY risks id¢lltified iisks. Pagc I
OXFORD MAY MUSIC {Regitred Mumber.. 0738659))
REPORT OF THE TRUSTELS
f•r tlje Yer Eded 2 June 2014
STRuuRE, GOVERNANCE AND MANAGEME
FInanci review •nd rewll$ for tbe yur
The financial results of the a¢Livities of Oxford May Music aTe shown fffi the statynt of Financial Activitics set out on
Page 5. During the year, O¥ford May M$1¢ re¢¢tved donations and (ickct TtLripts of £28.267 (2023 - £36,911) from
ivat¢ ¢ompanie4 othu ¥h&iii aj th# wbliL to Lany its a¢tiviti¢S.
A¢knowkdgemeDt
The Cbariry gra¢efiJlty xkllowle4Jge5 the sigaifrnt contrilyjtion of all rtw)se irtvolveo with its activi11 and th¢
generosity of its don(Ks.
Taxation
Oxford May Mwsie a Charity registued with the Charity Cornm11( and Cogniz as a Chatity by HM Revenue &
for r8xatsoll As a result the is r) liabiliry to tsxation oTharLy of its iDCOiDC.
ststement of Trnsttts. Responsibilitses
Company law requires the Tntstees prepare flnatti $ements for fwwKial p¢ri
OXFORD MAY MUSIC (Regffjtered •umber: O73865Y)) REPORT OF THE TRUSTEES for the Yeu Eoded 2 June 2 REFERENCE AND ADMINISTRA TIVE DETAtts IndepthdeDt Eiaminer KAS Accountants Limited CharteTed C•tified Accountsnts 21>22 wen1k Road Londo NI 7GU Approv by order of tF¢board of tn]stee5 on 20 Fetfuary 2025 aDd si8Ded on its beha]f by.. MrD R Liebeck- Trus Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD MAY MUSIC lttdependeDt examlDtr'5 report to the tn15ttt5 of OXFORD MAY MUSIC ('the Comp#tty'l I report io The ¢hariry Ite5 on my examin10 of the aca)unts of the CLVY for the y¢ar ¢nd¢d 2 June 2024. RespDNsJlJlll¢le$ and b515 of report As th¢ charity's trthSt¢es of the Company (and also its dLrtttws for the of company law) you are responsible for the prepaTaih)D of the accounL8 ID a¢£ordan¢e with the wuireme of the Companies Act 21M16 fthe 201 Acn. Havin8 satisfied rnyself that the a¢wJnts ofthe Company art nol rqusred to bt aLdiitd un&T Pth 16 of the 2(K)6 Act a1 ellble for ItideoI exan)inatIo I retA)rt restd ot my examination oft'yow charitys ac¢ounts a5 lE out under Sedion 145 of tbe Clwiti¢5 Act 2011 fth¢ 201 I A¢V).. Ill Mryu)g ¢MJi my examit)aticffi I have follom'ed the Dirtttioos givellty the Charity corn10 under Sli0n 145(5) Ib) of the 2011 Act. Independent tmIer'S statement T have ¢ompleted my examinion. l ¢wfimi that TKJ mallers have come to my attention in conntiO11 With the exarninatt( 8Lwng me cause to believe.. accounting records were JK>t kept in respect of the Compny requued by SeuioD 386 of the 2006 ACL or the a¢¢ounts do not accord with those recorth" or the accounts do I1 ¢omply wth th¢ a¢¢ountjn8 r¢quirtments of Section 396 of ihe 2006 Act other than any requirenjrni that the accouDrs ¥¢ a aDd fayr view ivhiclx is ttot a rtsatL¢r ti$idered Is part of an indewda)t min2tioo', or accounts have hoi beeu prepared in 3¢w81¢ ivith the metlKAqs and principle5 of the StatemeDt ol Recommended Prxttce for aecounting awKI rewffting by charities (applirablc to ¢haTities preparing IheiT a¢covnts in accordance iith the Financial Rep)rting St•yJord alIcable in the UK and Rwblic of Ireland (FRS 102)). I have tso ¢oncems and hav¢ com¢ acmss no other matter5 in conneLtion with the examination 10 whicb attention should be drawn in this ¢%der enable a prrw wk4¢NaThJiug of the gccounts tobe MrKaleem A Saed FCCA KAS Accountants Limited Cbartrr¢d Certifi¢d Accountants 222 Wenl¢xk Road Londoll NI 7GU 20 February 2025 Page 4
OXFORD MAY mUc STAIEMENT OF FINANCIAL AClEs f•r the Yr Ellded 2 June 2024 216124 Unr&%tricted 6llJ To1 funds INCOMtNG RESOURCES FROM Donations, sw)ttwrskn'ps aTrJ Ticket sales frorn evcnrs 28,267 36,911 RESOURCES EXPEJYDED ON Charitsble actiiti Mv5ic festival costs 29,547 33.55? Aectsuntancy 29.907 33.917 NET INCOMElffXPENDtruRE) (1.040) RECONCILIATION OF FUNDS Tool fvtyl8 btght fonvard 6,239 3245 TOTAL Fuf4DS CARRIED FORWARD 4,599 6239 The nos frKrn part of these fllwicial Statements Page S
OXFORD MAY MUSIC BALANCE SHE 2 JMDe 21124 216124 Unr¢8trict¢d fulld 216n3 Togl CURRENT ASSETS Cash at bank 4,959 6599 NET CURRENT ASSETS 4.959 6.599 TOTAL A&SETS LFSS CURREKr LIABILITJES 4,959 6,599 ACCRUAiS AND DEFERRED INC(kME (360) {3fAJ) NET ASSETS 4,599 6239 FUNDS Unrestricted fiuKis 4.599 6239 4.599 6239 The charitable company is entitled to ¢xellwi(ffj fmro audit Section 477 of the Companie5 kn 2[ for the ye4r ¢rhled 2 Jull¢ 2024. The rneME have not r¢quir¢d the io obthin an di¢ of its finaTKial Staternts for the year cndcd 2 June 2024 in acc4)rdan¢e with Secn'tsn 476 of the C¢)rnpknics Act 21J)6. The tNstees acknowled8e their resp)t)sibitstits for (a) ensuring ihat ihc charitabk ¢tynpany kecps accounting rxords that comply th Sed*)ns 386 ar 387 of the Compani£5 Acr 216 aTMI pr¢parill8 fJnan¢ial statenjetts W"¢b giv¢ a otyl fair view of thE tste of affairs of thE clwitsble company as ¥¢ the ¢od of th finanLLal Ye and of its or defici( for e¥Lh fLDantial year iti aLLX)rdattLt with the T4uirerneDts of Section% 394 and 395 and which otherwise comply with the requurnts of the CompaDies Aet 2(NJ6 Telating io fin8wal sthtemen so far as applicable ¢0 the charythblE (%)npny. (bl Th¢se fala[ $tstem¢nts hav¢ been wepred ill acco with thE PrnVi5iO Jpplirable w clwritsble companie5 subje¢1 to the stt)all Companies regime. The financia] stai¢met)is w¢re approved by the Boayd of TTUStees ar¥J aukn$ for issue on 20 February 2025 and wer¢ signed on its behalf by.. Mr D R Liebeck. Trustee The fon partof these fJDancial statements Pagc 6
OXFORD MAY hfUSIC
NOTLS TO THE FINANCIAL sTATENTS
f•r the Yer Eoded 2 June 2024
ACCOUNTING POLicrEs
BsIs OF PREPARING THEFINANCtAL STATEMENTS
The finanthal slatcments of the eharitsbl¢ company, wthich is a public benefit entity under FRS 102. have been
prepared in 0rdanc< the Ch8ritic$ SORP (FRS 102) 'ALCOUUtillg alld Reporting by Chariti¢s.' Statem¢rtt
of Recommended Praciice applicable io clwi'ties prq7ariDB their accounts in accordance with the Financial
Reporting SthILd 3pplit8blt iti the UK and Republic of tre]aRd (FRS 1021 {effe¢tive l January 2019),,
Financial Rq>orting Standard 102 The Financial liw"n8 Sthndard awlicable in the UK and Republic of
Irelatld alld the compani Act 26. The fiknan¢ial stat¢mthts hve bee4 paThI utsd¢r th¢ histori1 cost
conventLI)IL
CRITICAL ACCOUNTANG JUDGEMENTS AND KEY SOURCES OF E&fiMATION UNCERTAINTY
At the Lime of approving the accoun the Stee5 have a rwonable expxiaiion thai the charity has adquate
r¢sowces to ¢ontinue in opeY8tional existence for the fc¢se¢able firture. Tlw the TAte¢s, cDnhnue to adopl th¢
going corKem basis of ac
OXTORDMAY MUMC for tke YearFAde4 ZJuttt1024 COMPARATfvTs FOR IIIE STATKMEKfoF FtNANaAL ACTIVITIES fur INCOMINC iIESOURCES FROM DoDatioos, T¢¢Ved aod Tick 36.911 RESOURCES EXPEP4DEDof4 Music f¢5tsval co 33,557 36) T4)ts1 33,917 r4ET IP4ClhllE RECOPlCItJATION OFFurI$ Tothl furtdsEthight forward 3245 6.239 GOING CONCEIIP4 CHARITABLE FVNlk8 ACCRUALS AT4D DEFERRED INCOME 216124 216123 360
OXFORD MAY Nfuc NOTE5 TO TRE FINANCIAL STATEMENfs-continued l•r lhe Yer Ettded 2 J¥ne 2024 MOVEMENT IN FUNDS Net mov¢not At 6ll4 (Q3 Unre5trided fund5 6239 (1.640} 4.599 TOTAL FUNDS 6239 (1.640) 4,599 Net inovement in fu45, included in the ¥Ve aTe as fo]lows.' ITwning Resowces Movernent in funds Unrestrided fund5 General fiujd 28267 (29,9071 (1.640) TOTAL FUNDS 28267 (29,9071 (1,640) Conwar•16ves for Moveme i* fvnds Net movement in fiwds At 216n3 At 316122 Unrestricted funds G¢n¢ral futyj 3245 2.994 6239 TOTAL FUNDS 3245 2,994 6.239 Comparatsv¢ net movement in EWI ittclyded An the atK)ve ate as follows: Incoming Rer¢¢$ Movem1 eXp¢d funds Unre5tr1eted funds GeLerai fill 36.911 {33,9171 2.994 36.911 {33.9171 2.994 ntinued..
OXFORD MAY MUSIC f•r the Year Ended 2 June 2024 MOVEMENT IN FUNDS- ¢omtlnwd A ¢urrenty¢ar 12 moortLS and priory¢ar 12 wrnbiD¢d )$1110 hs as follows: Net movcmtht At 216r24 At 316t22 Unre5tri¢ted funds Gene1 fund 3245 ,354 4599 TOTAL FUNDS 3245 1.354 4,599 A cunettr year 12 mooths and prior yw 12 months o)nO)]wJ ll¢t mov¢rn¢nt in fun(ts. include41 in the aErf)ve a as follows". Tncomin8 Rcs¢JeS Movement thds Umrestrietrd Generdl fund 65.178 {63,824) .154 65.178 {63.8241 1,354 RELATED PARTY DISCLOSURES Thete were no re]atrd party transactions for yeareth2 June 2024. Page ID
OXFORD MAY MUSIC DETAILED STATEMENT OF FINANCIAL A1v[rIEs for the Yer Ended Z Jun¢ 21b24 21(4 21(3 INCOMING RESOURCES iponsorshipi rweiyed and fKket s¥lts from events Cbarity rCIp & donations 28.267 36.911 Tot•1 incoming ruour 28267 36.911 RESOURCES EXPENDED Chwritsble ¥ctivitie5 A¢wuntsncy Music f¢stivo1 c4)sts 360 29,547 360 33.557 29.907 33.917 29,907 33,917 Net (exPendItyrell¢OTre {1,640) This p88e d(XS Dotfotm partof the 5tht0ry fuJaTKial stsm20ts Pagell