REGISTERED COMPANY NUMBER: I)7386590 (Eogl*nd #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 2￿22 Welllock Road LoDdon NJ 7GU OXFORD MAY mU￿c cor4TENTS OF THE FIYANCIAL STATEMEiYTS r the Year Ended 2 j￿￿¢ 2024 Report ofthe Trnsttt Independent EutDlner's R4￿[ Bal*nce Shttt Notts to iht FmxllclAI St*tetllents Det￿￿d StsiEmtnt of FlTr*nd•l Aelfvlfj OXFORD MAY MUSIC (Reg￿lered •uJnber: O7J86591I} B£PORT OF THE TRUSTELS ftsr tke Ye*r 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 Ir￿Me 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 controll￿1 by its gov&ning dO¢Un￿l, 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 tr￿t￿5 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¢ frn￿l 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 b￿lS satisfy ther￿tIVeS that adquate systems wnd wo¢ethJffs ar¢ in pla¢e to ￿ a￿Y risks id¢lltified iisks. Pagc I OXFORD MAY MUSIC {Regi￿tred Mumber.. 0738659)) REPORT OF THE TRUSTELS f•r tlje Ye*r E*ded 2 June 2014 STRu￿uRE, 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 staty￿nt 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* a￿j 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 Cornm1￿1(￿ 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￿ $￿ements for fwwKial p¢riwe(L subj¢Lt LQ any departuresdis¢losed 8Dd explaiD¢d in the fioaKLal mrements. and . We prepared the f￿anCIal staternenLs ¢XL the BoinB conctm basis wdess li is iwpropri* to presume rhat the Charity will ¢oniinue in operation. Th¢ Trustees ar¢ responsible for kwiDg pwrr ￿tIng r¢cords ivhi¢b dLs¢h)s¢ with reasonable the fiDdncial pubi¢ioo of Ib¢ chan.ty wmpaoy atsd eoable tbem ￿ cnsurc thai the thietneD¢s" Lompany with th¢ Charities Act 2(K)6. They are also re5FrfMtsible foT safeguthg th¢ ass¢ts ofthe tharitable compally and hence for ￿kIng reasonable w for the pr¢¥ention and de￿￿1￿7 of fra￿1 aJMI ￿her irregularitie5 &% well as exertisiiig finan¢ial ¢ontrots. REFERENCE AND ADlWtNISTRATIVE DETAILS Regi51ered CompaD)' Dumber 073865￿ I￿g[art￿ and Wales) Regls¢ered Charity nurnb¢r 1142241 Registered offic¢ CIO Mr D R Liebe¢k Oxford May m￿1¢ 59 Danvers Rodd Lot)don N87HH Tru51ees Etofessor B Foster PTofe5s0r Of Phys￿$ Mr D R Liebeck Retired Company Secretary Mr D R Li¢beck Page 2 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 wen1￿k 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 I￿￿te5 on my examin￿10￿ of the aca)unts of the CLVY for the y¢ar ¢nd¢d 2 June 2024. RespDNsJlJlll¢le$ and b*515 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 a￿1 ell￿ble for Itide￿oI exan)inatIo￿ I retA)rt rest*d 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 corn￿10￿ under S￿li0n 145(5) Ib) of the 2011 Act. Independent t￿mI￿er'S statement T have ¢ompleted my examin*ion. l ¢wfimi that TKJ mallers have come to my attention in conn￿tiO11 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 I￿1 ¢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¢w￿81￿¢ 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 i*ith the Financial Rep)rting St•yJord a￿lIcable 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 2￿22 Wenl¢xk Road Londoll NI 7GU 20 February 2025 Page 4 OXFORD MAY mU￿c STAIEMENT OF FINANCIAL AC￿￿lEs f•r the Y￿r Ellded 2 June 2024 216124 Unr&%tricted 6llJ To￿1 funds INCOMtNG RESOURCES FROM Donations, sw)ttwrskn'ps aTrJ Ticket sales frorn evcnrs 28,267 36,911 RESOURCES EXPEJYDED ON Charitsble acti*iti Mv5ic festival costs 29,547 33.55? Aectsuntancy 29.907 33.917 NET INCOMElffXPENDtruRE) (1.040) RECONCILIATION OF FUNDS Tool fvtyl8 bt￿ght fonvard 6,239 3245 TOTAL Fuf4DS CARRIED FORWARD 4,599 6239 The no*s 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 Statern￿ts 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 2￿16 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 t￿h 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 f￿a￿la[ $tstem¢nts hav¢ been wepred ill acco￿ with thE PrnVi5iO￿ Jpplirable w clwritsble companie5 subje¢1 to the stt)all Companies regime. The financia] stai¢met)is w¢re approved by the Boayd of TTUStees ar¥J aukn$￿ 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 sTATE￿NTS f•r the Ye*r Eoded 2 June 2024 ACCOUNTING POLicrEs B￿sIs OF PREPARING THEFINANCtAL STATEMENTS The finanthal slatcments of the eharitsbl¢ company, wthich is a public benefit entity under FRS 102. have been prepared in 0￿rdanc< 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 2￿6. The fiknan¢ial stat¢mthts hve bee4 ￿paThI utsd¢r th¢ histori￿1 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 TA￿te¢s, cDnhnue to adopl th¢ going corKem basis of acSe ofeach fund is inclth in the n(*es to the f￿￿¢1￿] st8temetLt& TRUSTELS, REMUNERATION AND BENEF175 Thcre We￿ no truste¢s' I•￿￿￿atrOn tr other benefits for the year ¢Twkd 2 ju￿ 2024 nor for th¢ yw rnd 2 Jun¢ 2023. TRUSfEES' EXPENSES There w¢r¢ no tr￿leed expcnses paid f￿ the yeareth 2 June 2024 fi>r the ye4r ended 2 June 2023. Page 7 continued.. 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 Nfu￿c NOTE5 TO TRE FINANCIAL STATEMENfs-continued l•r lhe Ye*r Ettded 2 J¥ne 2024 MOVEMENT IN FUNDS Net mov¢n*ot At 6ll4 (Q3 Unre5trided fund5 6239 (1.640} 4.599 TOTAL FUNDS 6239 (1.640) 4,599 Net inovement in fu￿45, 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 Re￿￿r¢¢$ Movem￿1 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 Gene￿1 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¢J￿￿eS 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 A￿1v[rIEs for the Ye*r Ended Z Jun¢ 21b24 21(￿4 21(￿3 INCOMING RESOURCES iponsorshipi rweiyed and fKket s¥lts from events Cbarity r￿CIp￿ & 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 (exPendItyre￿ll¢OTre {1,640) This p88e d(XS Dotfotm partof the 5￿tht0ry fuJaTKial sts*m20ts Pagell