RECISTERED COMPANI. NIJ1BF.R: 07.18659D (F.ngland and 1S'ales) REGISTF.RF.D CHARITY NIINqBER: 1142241 REPORT OF THE TRLTSTEES AND UN.4UDITED FINANCIAL sTATEIEY[s FOR THEYEAR ENDED 2JUNE 2025 FOR OXFORD MAY MUSIC KAS AccouniaThis Limiied ChdrtLfLd CLrtLfiLxi ALLuuntdnts' 21k22 Wenlock Road London NI 7GU
OXFORD lAy lUSIc CONTEP4TS OF THE FLNA.%CIAL ST.4TEMENTS for the l-¢ar EDdod 2 Jun¢ 2025 Pa%e Report of the Trnstees Independent E%gmin¢r's Report Statement ofFlnancial Actlvitles Bal4n¢e Sheet Notes tu the FiThanrial Sialetnent5 7 to 10
OXFORD I¥IAY iIIUSIC {R15tertd number: 073865) REPORT OF THE TRI'STEES for the l-¢ar EDdod 2 Jun¢ 2025 The Irusl¢e5 who are also directors of Ihe chatiiy for th¢ pu>5¢5 of IIK COpanIeS Acl £(K)6. pte5enl Iheir reporl with Ihe fiiiancial tstslctncnls uf thr churit>' f(Trr Ihc ycur cndLd l JunL ?075. Thc I[uNtLL h4LVC advplLd thc piovi4ivnb vf AILuunlin¥ tjnd RLpurtin¥ by Charities.. Staiemeni of Recommended Praciice apjli¢abl¢ to charities preparing iheir accounts in accordance 'Ith the Financial Rcporiing Siandard appliLablL in ihL UK at RcpLLblii of Ircland IFRS 1021 Icffcilive l JanLLary 2U19). OBJECTII'ES AND ACTIVITIES Ubj1]ve$ gnd aim$ The objects of Oxford Nlay Music are to apply its incorne and capiial.. (a) to provide. maintain. impmve. advance. promote and facilitate education. particlllarly bllt not exclusivelv art and sci¢n¢¢ for th¢ benefit of the public by ttLe e51ablishmenl of lectures and perforniances on arts music and science {le£tures and perforniancesl. (bl to advartce such L)Ir objects or purposes which are exclusively Chanble according to Ihe law of r.nglartd artd Wales in su¢h manner as Ihe Irllsiees rnay in their absoluLt diScli0n think fit. STRUCTURE, GOVERNALYCE AND M,ILYACEL41ENT Governing dment The ihaTIty Is conirolled by its governing documenu a deed of Irust. and constitutes a limited coinpany, limited b) guaTante¢, as defined by Ihe Companies Aci 2(KJ6. Legal staws Thc Charity ib constiluicd a5 a company limircd bv guardnfLY. nuinbcr 073b65YU and is thLrctorc goi'crnLd by its Articlcs of Association. Incorporattd on 7 StpltTnbei 2010 as aTntnded bj Special ie501ulion regislered at CoTnpanies House on 21 Apnl ?01 l. The Chariiy was regislertd lih the Chariiy Comrni&sion on 3 Junt ?01 l. Chariiy Number.. 1142241. Risk management ThL Iru4tcLb hav¢ a duly to idcntify and r¢N'iLw ihc risks to which thL Charity is LxwisLd and to ¢nsure appropriat< Ltsnirols arc in place to provide Teasonable &ssurance against frdud and eor. Tlic primary ri%k to the Charity 14 thdt it will bc unabl¢ to Ycncralc iht funds. to mect the tinan¢idl rcquircmcnl% a% %el out in thc Chariiy's obje¢iives. All actlWTties of Oxford May Mu51c ale Subject to risk Ei'ieu. A5 Il5k5 are identified th¢!. are ranked In teTrns of theTT likely irnpact and likLlihood of Q¢Lurrence. The TrusiLYS reii¢%i" risks on an ongoing basis and satisf). themselNes ihai adLquat¢ Syslums and proLcdurc% drc in pldLC 10 mage dny ri%ks idcniificd risk%. Page I
OXFORD I¥IAY iIIUSIC {R15tertd number: 073865) REPORT OF THE TRI'STEES for the l-¢ar EDdod 2 Jun¢ 2025 STRUCTURE, GOWERfANCE AryiD M.4NAGEP+1ENT FinaDciY41 review and results for the )'ear Thc finunujul rc%ult% of rhc uLrivitlC) vf MUNIL aic thr SialLtncnl vf Finunciul ALtii'ilicb out Pu¥c 5. During ihe year, Oxford May Music received donaiions and iick'ei re¢eJpts of £44.6S9 12024 _ £?8,2671 from private companies, oihLr chariliLS. and the public io carry oul ils ailiviliLS. Acknowledgement .1 hL Lhdnty grdtLlully dLknuwluigi% thi %ignifiLalll LIM)tribuliun of dll ththL LnvoIvLd with it% aLliwitjLS thL gLllLfL)%iiy Jl its. donors. Tgxgtion Oxford May Music is a Charity re%i5tered with the Clwity Comtnis5ion and recognized as a Charity by HM Revenue & Custoins for ttLXdtiL)n purposcs. A& a re%ult thcrc is liability to ts10 any of irs incotnc. Statement ofTrustees' Responsibilities Comp<lny l<lW require the Trusie&4 to prepare financial 5tatetn¢nt5 foT each financial period which ¥ive a true and fair view ol. the sraie of afyairs of rhe ehaniable company and of rhe incomLng resources and application of resourees. including the income and CXPLndilur¢, of thi Lharitabll COMpY forthat rI(x{. In prcpring thcsL finanLial ttMent% thL truslL¢S rtquircd 10.. seleci suiiable aLLouniing policies and then apply them consisienily.. observe ihe meihods and principles in ihe Chariiies SORP. maLe judgements and esijmates ihai a r¢awnable and prndeni- tc 'hcthcr dpplicdblc accountin¥ %iandaids dnd %tdicncnts of tccornmcTrdcd prdCfiCC h4LVC bccn followcd. subjcct to any departures disclosed and explained in the fipallcial staternen15: and W¢ Prepared the financial staternents on the going concern basis unless it is inappmpriaie kn presuine that th¢ Charity will continu¢ in operaiion. The TnJsre¢s are reswnsible for keeping proper accounting re¢onls which discI(e wilh reasonable a¢cura¢y ihe financial posiiion of thL charity company and cnablL thLm to ensurc Ihai thL financial statcrncnts iompany with thc Chariiics Ait 21M)6. Thcy &TL also re5pon51ble for 53fegTuaiding the asstts of the chantable cotnpany and hence for tsk.ing reasonable steps for ihe preventioii avd deieclion o( (raud and 01h irregularities as ell as exercising financial Conirols. REFEREIYCE AIYD ADMII*ISTRATIVE DET.IILS Rcgistered Company numbtr 07386590 IEniTrland and Wal¢sl RekFistered Charits. nutnber 1142?41 Registered office CIO .klr D R Liebeck Oxford fvldy MusiL 19 DanN'ers Road London N871111 Trustees Prolessor B Fosier Professor Of Physics Mr D R Liebtck Rtlired CompaD}' Secretary Mr D R Licbcck Page 2
OXFORD I¥IAY iIIUSIC {R15tertd number: 073865) REPORT OF THE TRI'STEES for the l-¢ar EDdod 2 Jun¢ 2025 REFF.RF.NCE AND ADM1Tr41STR.4TIVE DET.411S Independent Exarniner IL4S AuLvuntntb Limikd Chartered Cenified Ac¢oiintants 20_2? Wcnlock Road London N17GU Approved by order of the board of trusttts on 16 febnjary 20?6 and signed i>n its behalf by: Mr D R Liebeck- Truslee Page 3
IpaDEPENDE EX.ANIINF.R'S RF.PnRT TO THE TRUSTEES OF ON'FORD 11A1- IILISIC IndepeDdell( examiDer'5 report lo the trustees of OXFORD MAY I¥II"SIC ('the Comp8n)'} I report to the Lhariiy trustces on my Lxamination of thc accol)ts of the Company for lhc ycar endl 2 June 2025. Re5POD5ibilities aThd basi5 of report As thc Lhuril>'¥ trLl%tCLS uf thL Compuny latLd a15v ilb JitcLtOPs fvT thc putpvscl vf LUtnpuny Ill.) yvu aic Ic%poTrsiblr fur th preparation of ihe aLcounis in a¢cordan¢e wilh ihe requirements of ihe Companjes Act 20(b I'the 2006 Act'l. Il&vingi sali51ied mv5elt tha¢ the acCout5 of ihe Cornpany are not required to be audiied ullder Part 16 cl. the 20Q6 Act and are eligible for ind¢pendeni examination, I repon in resp¢¢i of my ¢xaminaiiLin of your chaniy s accounis as Larried out under Seciion 145 01 thL LliaritlL% ALI 2UI I I'thi 2UI l Alt'l. lrt Latrying ollt my L1nlIn I hdvL followLMI IhL L)IrLLtion% giwLn by ihL Lhdrity Comnii5sion llnder Seciion 145151 Ibl of Ihe *0 I l Act. Independent ¢x&miner's Statement I haN'e cornpleled m}. examinalioii. I confirm that no tnaller5 have come lo D]y attention in connection wilh the exan]ination Riving rne LausL lo bcIiLc= accounting reLOI'ds were noi kepi in res1 ofLhe Company as required by Section 786 of Iht 2(K>6 Acl; or the accoiints do not accord with those records." or Ihe accoiinis do noi comply wilh ihe aecouniing requiremettts ofsection 396 of the ?IKJ6 Aet other rhan any requireineni thai the aLLountS ¥lWL a truL arnd tair i'icw M.hiLh is a matter Lonsidircd part tsf An indLPLmdLnt L.iarnination' or the aecounts have not been prepared in accordance with the meihods and prinLiples of the Statement of Recommended Piacii¢e foi accouniing and reponing by chaTities iapplL¢able io chaiilies pr¢paring iheir accounis iii aicordaiiLe wilh ihe FIncIAl Rcporting Standdrd app[ble in thc UK and Rcpublic of Ircland IFRS 1021)- I havL no COnLLrns and hal'c aiross no oihcr rnattcrs in connection %'irh thc cxamination to which attcntion should bc drawn in th15 report in order to enable a proper undElandIng ol-the accounls to be rChed. Mr KalLLJn A SaLLd FCIA IL4S A¢coun¢anls Limii¢d Chdrtcrcd Ceftificd ALcDuntstht 20_2? Wenlock Road London NI 7GU 16 Fcbruary 2026 Page 4
OXFORD lAy lUSIc STATEIENT OF FINcIAL.4CT1.ITIEs for the l-¢ar EDdod 2 Jun¢ 2025 2 16125 Unr¢stri¢ted rund 216124 Totsl rund5 Nutcb INCOMIIYG RESOURCES FRO. Don8llOllS, sponsorships rLccivcd and Tick1 Sale Irom eYent5 RESOURCES EXPENDED O Charilable activitie5 MusiL fcstival Losls 46,867 29.547 A¢Lounthncy 360 29.907 Total 46,867 P4ET ILYCOMEI(EXPEf4DITURE) 11.640) RECONCILI.4TIOP4 OF FuDs Total tunds brouLyht tonvard 4.599 6,239 TOTAL FUNDS CARRIED FORII'.4RD 4.59 The notes forni part of these fukClaI siatements Page 5
OXFORD I¥IAY iIIUSIC {R15tertd number: 073865) BALAP4CE SHEET 2 Jun¢ 2025 216124 Totsl rund5 Unr¢stri¢ted rund Nutcb CURRENT ASSETS Cash al bank 4,959 P4ET CURRENT ASSETS ?,7¥1 4,959 TOT AL ASSETS LESS CURRENT LIABILITIES •.781 ACCRUALS AND DEFERRED INCOME (3601 {360) NET ASSETS Ilnrt51ricltd fund5 !.421 4,599 TOTAL FUND.8 Thc Lharit¢iblc compiany is cntitlcd io cxcrnption from audii undcr Scctiun 477 vf thc Cornpdnics Act 21K)6 for thc ycdr endLd 2 Junc 2015. The inembers have not required the company io obtain an audit of its fiDancial statements for the year ended 2 June 20?5 in aLLOrd(Le With ScLtion 476 of ihc Cumpunics ALt LtN)6. ie Iru%tee5 acknowledge their rfgpon5ibilities tor ensuring that ihe chaniable company keeps accouniing records ihat comply wilh Seciions 386 and 387 of ihe Companies Act 2006 at)d preparing financial stateTnents which Lve a tyue and fair view of ihe 51ate of affairs of the charitable compally as at the end of eiich findticial year and of ils surylus or deficii for eaih financial >'ear in accordance .]lh Ihe r¢quirernenis Lil Seciions 394 aiid J95 and whieh olhttwi%c camply wilh :ht tcqtsifcniLnL% oi" tht COparti Ati 21K>6 rtldting Its tinancidl %Lattnicnt4, 4 far as applicable to the ehariiable company. (bl These tinan¢ial 5tai¢ments hove been prepared in 8c¢ordance wilh the provisions applicable to ¢haritsble ¢onipanies subject to the small companies regime. ThL financial siatcniLntS WLfL appro*L by thc Board of TnLStLYS and for issuc on 16 Fcbnwy 2026 and wcrL signLd on its behalt by.. Mr D R Liebe¢k- Trusiee The notes forni part of these fukClaI siatements Page 6
OXFORD lAy lUSIc
NOTES TO THE FI.%.4.NCI.4L ST.4TEl¥IETs
for the l-¢ar EDdod 2 Jun¢ 2025
ACCOUNTING POI,ICIES
BASIS OF PREPARTG THE FINANCI.4L ST.4TE)IEN75
The finan¥ial sthienienis of ihe Lharitable eompan¥'. 'hich is a public inefIt eniiry under FRS 102. have been prepared in
acLordancc wilh thc ChariliLs SORP (FRS 10?) 'Accoulliing and RITOrting by Charilics.. SialcmLnl of RcLommcndcd
Praciice applicable to charilies preparing their ac£ount5 in 3rcoidJnce 'ith the Financial Reporting Strndard applicable in the
UK and Republic of Ireland IFRS 1021 leffe¥li¢ l Janu3r%'
0191., Financial Reponing Siandard 102 'The Finai)cial
KLpuning Stdndaid dppliidbli In thL and kLpublJc ul ArLId, thL L'(btnpaniLS Act 2U(K)_ I'hL finanLJal %latLmLnL%
have been prepared under the historical cosl conTrtntion.
CRITICAL ACCOUPTING JUDGEMENTS .4ND KEI, SOURCES OF ESTIMATION IINCERTAINTY
At the tin)e of approvinp the accoun15. the trustees hai-e a reaEonabl¢ eipeclatioll Iliat the charit! has adequate resources to
L(Jnlinuc itl OPLrutional c.¥istiniL for thc fDrcsccablL fulurc. Thus ihc Truslccs, LM>ntitLUC to adopt thc ¥vin¥ LOiiCCrn basis of
ac¥oU¢ing irt prepanng ihe acLounts.
INCOMING RESOURCES
All income is reiolrnized th Ihe Stsiemeni of Finaneial Aciiviries once rhe charity has etttiilemeni to the funds. ir is probable
that ihc in¢om¢ will Ix" r¢x¢iYtd and th¢ amount ¢an bt mtLsurt relithbly_
RESOURCES EXPENDED
Lidbiliiics rccogiiizcd cxpcnditure s(M)n &s thcrc is a k¥al or con%lmciiir oblib£ltion coinmitliiig thc chdrity lo that
expendiiure, 1115 probable ihai a iransfer of e¢onomic benefits wjll be required in >eiilemeni and Ihe amounr ofihe obligaiioii
bc rnLasurcd rcliably. Expct]diturc is xLounrcd for on aD acLruals balS and has bccn LldssifiLd undcr hcadin¥s that
aggi¢gat¢ all cost related to the category. Where costs rannol bE direcily allnbuled its particular kadings thEy havt been
alloLaled io aetivilies on a basis consisieni iith the use of resources.
TAMTIOLN
Thc charity is
OXFORD lAy lUSIc r4oTES TO THE FIN.4NCiAL STATEI¥IENTS- COtInued for the l-¢ar EDdod 2 Jun¢ 2025 COMPARATII'ES FOR THE STATEIENT OF F1Tr4.4YCI.41. ACTIN'ITIF.S Unrcslri¥ttd fund INCOMING RESOLTRCES FROI¥I DoTration.% sponsorships received and Ticket sales from evenis 28267 RESOURCES EXPENDED of Charilable J)ttiiities Music trestial c05t5 29.547 AcLountanLy 360 Total NET INCOMEI(EXPENDITLRE) RI:CONCII.IA TIOPI OTr- UiYDS Total funds brought forward 6,239 TOTAL FUNDS CARRtED FORWARD GOITrIG CONCERN At the lime of approving the a¢collnis. th¢ rnsitts have a reasonable expe¢Lg1iQll ihai the chariry has adequate r¢sour¢es io conlinuL Itl OPLrati0r[ i.XlStcncL for thc forcskyablc future. Thus ihL T$15, COThtItLUi to adopt Iht going ¢onc¥rn basis of acCouting in PTeparing the a¢counts. CH.4RITABLE FUNDS Unr¢slriLt¢d funds arL' availablL for usi at tk discrction of lh¢ trusL'cs ID furth¢ran¥c of thLllr ¢haritabl¢ obju¢tivLb unl¢ss thc tunds have been desi&ynaied for other purpo. ACCRUALS AT4D DEFERRED JNCOTrIE 216725 216124 Acrruxlts and dtferred income 360 360 Page 8 continued...
OXFORD lAy lUSIc r4oTES TO THE FIN.4NCiAL STATEI¥IENTS- COtInued for the l-¢ar EDdod 2 Jun¢ 2025 MOVF.NIF.NT IN FUNDS Nel At 216125 Ai 3.'6124 in funds Unrestricted funds General lund 4,599 12,1781 2,421 TOTAL Fuf4DS Nei movemeni in funds. included in the above are as follows- Incoming resources ResouTces eXpeIed Movement in fun(ts Unrestricted fuThds GLnLrdl tund 44.689 {46,8671 12,1781 TOTAL FUNDS 46 g671 Comparatlves for mtsvemetht In funds Nct movemeni Ai 216124 At Ilf>12.1 Unrestrlcted funds CJcnLrdl fund 6,739 11,6401 4,599 TOTAL FUNDS 6.279 ComparatjWL nci movLmLnt in funds, includLd in thL atrM)vc arc as follows.. InLoming Resources cxpcixlc Moveineni Unrestricted funds General fund 28,?67 {29.9071 11.6401 TOTAL FUNDS 29 9071 Page 9 continued...
OXFORD lAy lUSIc r4oTES TO THE FIN.4NCiAL STATEI¥IENTS- COtInued for the l-¢ar EDdod 2 Jun¢ 2025 MOVF.NIF.NT IN FUNDS- continued A curtcnt yLnr 12 tnonth& pnvi ycai 11 monthb Cutnbincd W1(10Th fvllvw": Nci Tnovement in funds At 216125 Ai 316123 Unrestricted funds General fund 6239 (3,8181 2,421 TOTAL FUNDS A curnt year 12 months and prior year 12 months im)mbined nei movemeni in fLthds. included in the above are as follows.. Incorniiig rcsourLc* ResouTces expLILd Moi'emenl in fund% Unrestricted funds Cicficral fLilld ,956 {76.7741 13,8181 TOTAL FUNDS 76 7741 RELA TED PARTY DISCLOSURES Thcrc wcrc Irlryi tLd party traC[lI)n fnr thc ycarLTdcd 2 Jijnc 21)2S. Page 10
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