PERSHORE MIDSUMMER BRASS LIMITED TRUSTEES. REPORT AND UNAUDrrED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 •AAtsN7EH4* 311011Z022 COMPANIES HOUSE A12
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PERSHORE MIDSUMMER BRASS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION TNstèe* Mwshall Faoey Charity numb•r 1144958 Company number 79 Nehlands IfyR101BP Blnké Utyd5 Ba{ 19 Stre 1114DQ
PERSHORE MIDSUMMER BRASS LIMITED CONTENTS 7-13
PERSHORE MIDSUMMER BRASS LIMITED TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEP7EalBER 2021 omply vAth the chaiilable companys ¥KI Articjes 01 Association. the Companies Pa 2006 and 'Accountin9 and ReportiTrJ by Chanties.. Sement0f Recommended Practice appl8 to charitses prepwing their accounts in accordance ith the Financial Repth"ng StarKlard applble in the UK and Republrc of Ir4 IFRS 102). (as amended for •cc(xxrtiTrJ pwi¢>Js comMrj from 1 January 20201. Oblocllves and actlvlll•s The chafitable companYs otyeds are lo prQle the ¥t oftwass byJrr1¢ bArKX exckniveky. though the organisin9 sta9ry ofa brnss feslNal. The polioes adopted in frJrther8rtt of Iltte o14eds are to oryarim ann Irass baTrJ fesliv4 in Pwshore, as resdved. Publlc benefft trustees c£¥)fiFm IIHt Ily have clyn1.ed v•th the tmy in section 17(S) of tr cts1e$ Acl 2011 to have regard to the Chaiity CixnmFSsi.s gera1 guidance on public benefi( Ehanties •¥J Public Oue to Ihe cyooing COVtk19 outbreak in tr UK. the annual Pershfft mid5mer 8rnys Fesbv4 thd rK> go aheJ. Flnanclal rgvl8w As a result ofthe thawitableixThp rnt undwtirvJ any everts in ts finarxyalyew to COVILk19 rthad almost rK) finan(i acbvibes in the cArnt year. Resw¥es pol It is the policy of organi4ion that fiwx15 should bo Mail at a level of WrnatelY £5,OLYI. be met prior to being recupwated from irKune gerd tr festNal. so cannot use its SerVeS for the pwpose for fiich they are held. The charitsble c¥)mpary TAi15 incjjr a low level of costs to keep its website wnntng during ts time il is unable to or9anise Ixass bank concerts or feslivals. it VAII fund cmjt of exist.ng unrestri¢ted se$. Investment pollcy
PERSHORE MIDSUMMER BRASS LIMITED TRUSTEES. REPORT ICONTINUEDI (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEAIBER 2021 Rlsk managemnt attract sufficient audience numbers to Pers Pliosummer Brass Fesbval as to financ thg festival through ticket and programme sale. This risk has irtreased due to the COVILk19 outbreak as the ma11ty of audieno members of past events were ¢)ver60 y&qrs of age and may be thscowaged frcrfn attendiThJ any Fxtlic gthrings Ihe COVID. 19 outbreak has fully passed. The Current risky to the charitAe oMwany ae dixxtssed beJcMT. Futurt plans and rfsks to going th¢eM There are euThenty justfNe commrttee members arKI ofthesefowcommittee membets a exFeded to Tetire as committ& membe(s the next finanoal year. Th8 existing committee membws have found it sfficuli to Tefflit comrnittee members vtho are prepared to fully wbcip in the wnning of the Lkrtable Jmpany and se¥wa coMMee members appointed Ihe18sl few y5 have stepped dovffl after only HoVer, rf committee membets e recruittrj the exist¥ committee meml)ers then be Ongolng cov119 oulbreak Althou the guidartt issued ty Brass 88Trd EwlwKI (Myking ilh L)ep•trTVrt of Digrta. Qdture. Aqe(lia srtI was th trass bands retum to tth rehearsiTrJ and performivvj Imm 19 July 2021. this vras eonditi.onal on legal requsrements for bands to fo]hyw Xlb5 to minimise risks to menknts. Brass Band England ¢inueS to rec that that bands c(in lo m•rtwn spaciry of lm there addilional measures are in pe (or spacing of2m Otrv). that f&a masks be wyn use atteTKlae is expected to fall: volunteer numbers ¥e expethd lo lall" there is wwtainty in thg ats'lity to secure sUffi(>t numt>er of pthyomarte Ven that are cornpkant 7thThlh the current COVID regulab"ons", Sponsorship and ad¥thsing is likdy to be drfficutt to obtain due to local Iwsi1ow also struggling due lo the pa)demic,' and there is uncertainty as to whether there woukl bE suffiwt number of Ixass bands able lo attend due to thwr irxYiVi COVID assessments. The committee rnembefs a rrenty making enqulries of brass bants and perfom)ance venues a5 to the feasibility of undertaking Petshue Midsummer 8rass Fesbval in 2022. Hu4¥ever there currendy exists the possibility that rt is finlalty sustain&4e to undert swh ert until currerrt COVID regulations have been lÉfted It is Cuenty Unkn avxl to whal exlent Its COVID regulations will te fully lrfled (rfever).
PERSHORE MIDSUMMER BRASS LIMITED TRUSTEES. REPORT (CONTINUED) (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEAIBER 2021 The chaiitable u)mpany Yds Iorpth as a Iwpary fimited by guarnrttt 2nd Septgmbpr 2010. The ¢haritable company Is go¥emed ty its Mem) arml tiCleS of Assopaliw as amended on 7th Awl 2011 and 18th November 2011. established owas and pvAtTS of the Ctsrrt8e Qpany. Marshall Faizey John West Ann Vthite guarantee to &In"ble £1 in the evert ofa w). management ofthe chaiitsble coryany to. There are now 5 committee memtws (Ind the tnJstees> in ts year. The committee meets regularty to deode and monitor tr aclii•tses of ts dwil compary. A qu(xum of 4 Simon Ar(thr Sarah Dentth Marshall Faizey Heather License Julian Pthy Elsie Wesl John INest Ann Vjhrte (wewgned in the year) (rewied w) the yeaT) (iesyd in the year) committee members usualty meets evwy mrth 0j me frerythly in the run up to thg event. although during the start ofthe COVltk19 c1rtteak1len suth meelirys Lxxlld ad deus¥xtstrwt requireccrfnmittee mernber approval beiThJ th'scussed by way of rKffle wail corres. oflhe CompaTwes ki 21. On behalfoftrte tM)wd (rftrnstea. John Wesl Trustee Dated:...... Ann Whhe '{{. 1011 Page 3
PERSHORE MIDSUMMER BRASS LIMITED STATEMENT OF TRUSTEES. RESPONSIBILMES The truslees. who are also ts threclrrfs of PersPKYe Midsummer Brass Limited for Ihe puSe Of¢pry law. are respmsible for preparirwjthe TNstees' Rewyl and the accounts in a¢Cdar¢¢e wth applicablelaw and Unrted Kingdom Accwnt#vJ StWKlards (Uniied KIrdfi Generally P£¢epted A¢¢wntiry Plac}. Company law requires the trustees to prepare accounts foreach finar181 year Ithich give a true and lair vtew of the stale of affaiTr of tr tharitable MpanY and of Ihe in(J)ming resources arKI applicalicffl of res(xrn. Including the income and expenditvre, of the charitable company for that year. In preparing Ihesè accounts. the trustees are requred to". select surtable acc¢yJntiw pc4ides aThd tten appty ltrm The trustees aro responsible ts keeping adequate accounting records that thsch)se reasonable accuracy at any time the finanaal F¥)siti'on ofthe ¢lntable company and enable them to er6ure th* th8 compty th the Companies Act 20r. They a also responsible for safeguarding assets ofthè eharrtable company Pa9e 4
PERSHORE MIDSUMMER BRASS LIMITED STATEMENT OF FINANCIAL ACTNMES (INCLUDING INCOME AND EXPENDilliRE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEfiIBER 2021 Total 2020 funds 2021 Int¢ymln Donations received Chantable activth"es.' Pershce Midsummw Brnss Festiv Autumn wic8rt other tradry irKome Investmert income 187 13,747 Chaiilable aLviti8s'. 10 10 Forfeited event costs (re Cov119 outbreak) 12 873 Total ?xpendlture 10 10 Nat Incomel{•¥p•ndltyre) lorlhe yarf Net movement In funds (9) {91 FuThl at 1 October 2020 6.278 741 Fund balan¢e¥ at 30 2021 6269 6278 er the Companies ALt 2¢.
PERSHORE MIDSUMMER BRASS LIMITED BALANCE SHEET AS A T 30 SEPTEhlBER 2020 Cash at bank and in hand Q278 6378 6.278 Income funds Unrestricted fvnds 6.278 6,278 The ts)mpony is erthed the exemptiw from the alit requirement in sedion 477 ofthe CnPanieS Act 2£K, the year 30 SeNembw 2021. No member oftt has a ntiliee. putsuant to seth.on 476, requiring an ofthese acctyjts. comply with se¢tv)n 3e8 of Ihe Act aNI for preparirKJ accounts vthich give a and fair view of the stsle of affaits of company as at tr erKI of the finwal year arKI of rts incoming res¢wTces arnt appli¢ion of resources. Iuding its inc(wre and expeThlilure. for the ffinanci year in accordance wilh the requirements of $ections 394 and 395 and which othernmse comKty ith the rewrnnents oftr* Comw•esAcl 2006 felating to accounts. so tsr as applThble to the cfympany. small comparue5' rwme. approved by Ihe Bowd on....3.0 .1.,: ..1..2oL K hn West Trustee Company Regiytratlon Ilo. 07364024 Page 6
PERSHORE MIDSUMMER BRASS LIMITED 140TES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEAIBER 2021 Accounthry polkles Pershore Midsunmer Brass is a tvivate limited by wantee in England and Wales. The registered offi¢e 1$ 79 Newlants. Pttshore. worce. Vfft10 18P. 1.1 A¢countlng conv•ntion The finanaal ststements ofthe clFarle CLffip, is a hty underFRS 102. have been in Ihe UK and Rewblic fA IreIar (FRS 102). and Repxbffj by Chtiès.' Statement of Repiylin9 Stsndard al¢ab in ts UK and Rewblic of trelafKI IFRS 102) (Charilies SORP (FRS 102)). tr The charftable (xynpany has taken athgft of the ¥41s1 in Chaiilies SORP (FRS 11Y2) n(rt to prepare amounts in Itwe fina101 are rCAMed to the nearest £1. 12 Going concem 2020 Pershore Mtd5wrn Brass Feslival •¥J 2020 A5Jiumn c4XKrt as wel as the cjwitablg Viable for the dwit&)le cgjmpany to () so There is also corwn Ihat ts covitk19 oulbreth T71 tdh parbapation in brass barbJ$ vhKJ have Also. a Mnber ofthg ccffimitiee members run the clwilth ¢Jimpany are lothiNJ to lIe from this role thin the next year arm1 the is currendy Lwwlairty Ihe chwitable c4)mpary wll be able to r11 new committee members lo replace them. wh51 the charitsble company IrdS sufficient cash reseThes to undertake at Jea5t i)ne mcrt pe dsummer Brass Fesbvai. it may not be ther practical ry financialty $t&"nable to do so. The going Cor assessment is not considered to have any direct impact the financial infornali¢)n induded wilhin these fjnarKial sl*rrwts. the valuabon of balance $Iet items at the balance Sheet dale. Page 7
PERSHORE MIDSUMMER BRASS LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR EPIDED 30 SEPTEMBER 2021 1 Accounling polKi•s IcontAnu•d) 1.3 charitab ndS 1A Inconang r•sourc•s tiwtss. H¢Th¥e¥er. it is c4XL9d imwacbcal for their ts)ntributs"on to be measured accounting reoyJnised as irthme. Considered imFTrrcal for thevkn of such goodsto be Measured reliabty fcYacArt1ftg pu1$e$. Given tho irtome. Income received from tombcdas is recognised as trading on rnceiFrt in xdwe for an sales related taxes. 1.6 R•sour¢w •xp•nd•d Liabilities are recognised as exykliture as scth as there is a legal or cx)n$tYe obligats.on cnmItti.ng the charitable company to that exwthure, il is probable tr a transfer of economic benefits wll be required in settlemert aTrJ the amcvJ)t of the can be measwed reliably. ExpeTrJiiwe 1$ accounted for on an accruals basis and has tew dassified that ty3regate all cost relate¢l to the category. Expeftditu is staled IrlUsive of irrecoverable VAT. costs cannot be directly aifrilxrted lo particukr headings, Ihey haye been a1Xa(ed to arvibes on a basis CC(lStent V•ith the use of resources. Costs of oariWe a¢tswbes wnprise all costs as *lioty or mainty attritrArtable to achieving the charitable objects of Ihe chanlable company. irduding the costs of disseminating information in support of charitable actiVe$. These u>sts iFKlthae staff costs. or manty attrilxrtaLqe support sts and an Page 8
PERSHORE MIDSUMMER BRASS LIMITED NOTES TO THE ACCOUNTS (coKnNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 thin borr ojffenl liabililies. 1.9 Flnanclal Instruments Sethon 12'01her Finan(ial Instruments Issues. of FRS 102 to all ofits fqwxial rthiments. FinanrAal assets and kaL¥"lilies ae offse( Ythlh the net amounts preserted in the froncial statements. when net ba515 orto realise the a55et and sett the liability simul9. effective interest melhcJ unless the wwoement constitthes a financirvj transacbcm. theJe the transaclK is measured at the of Ihe lulwe receipts discounted al a mwkei rate of YrtwesL Finan(aal one year or less. 11 r¥x ty are presented as rth<unert Tye cdItorS are rwnised initsally at transaction price and subsewenty wswed at amortised cost wing ts effective Yrterest method. Derncognilion of financial liatslities Page 9
PERSHORE MIDSUMMER BRASS LIMrrED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 judgernts. eslimates a1 assumpbryts abcmjt ts caffwng amcNJnt of assets and liabilrties that are not readily apparent from otlw sr. The estimates associated assumptions are based on historical experience and factots that we eonsidered to be relevant. Actual resums may differ from these estimates. Twet booth sed in 2012 for £717 m1¢ st•Kls KdSed in 2013 for £495 Marqu& purchased in 2014 £1,400 MC in 2016 for £720 Public ad¢ess syslem wrchased in 2017 for £610 mUC bag5 FKwthased in 2018 for£300 GazetK) p(*5 in 2020 for£299 Page10
PERSHORE MIDSUMMER BRASS LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 SEP7EMBER 2021 Total 2020 funds 2021 187 Grants [01V4)re 187 187 187 Incom• from ch•rflabl4 acll¥111è5 T¢)1al 2021 2020 Autumn Conurt Conc*rt tickets Total Income from ch¥lts19 acll¥lU 859 Total 2021 Total 2020 148 148 Page11
PERSHORE MIDSUMMER BRASS LIMITED NOTES TO THE ACCOUNTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEAIBER 2021 Totsl 2020 Interest receivable Charllablfr aclmtlgs 2020 10 292 9&12 873 Tot•1 20 Tot•1 ver tmre Tolal 2021 Totsl 2020 10 10 217 75 Bad debts Forteited event costs (re Cov119 tteth) 10 10 1.208 For tho y88rended3 Septemlw2020 Page 12
PERSHORE MIDSUMMER BRASS LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 10 Trustees 11 Employees 12 Forf•lt•d w•nt costs (r• COV1[19 oullYwk} Petshore MKJsunmer Brass Feslry in Juty 2020. In anlIe4.0n the chaiilaL4e company paid rn. refvndJe deposits verwe •MI ftWn4u hire. aThanged fty InsUrnre and undertook some adverti9 aciiviljes in anliapakn of Ihe 2020 Pershore MN1summer erass Festival 9Jing ahead. After th8 COVID-19 1yJlbreak the UK the 2020 Pershore Midsummer Festival VA5 cancelled arKI the 14 alemkn N•blllty Each member of the etsitth ¢J)mpany (who are the trustees of the chwitaLqe CA)Mp> UlrtakeS to contritLts to the assets oflhe C(jnpY in the event of it bwng up helshe is a member. or within one year after hpjshe txqses tt> te a mwnLv. suth )Unt as may be wHred. Mt eXeiNj £10 for the debts and liabdibes Contra bpfr)re helshe ceases lo be a memlw. P•Je 13