PERSHORE MIDSUMMER BRASS LIMITED TRUSTEES. REPORT AND UNAUDrrED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 •AAtsN7EH4* 311011Z022 COMPANIES HOUSE A12 #178 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.. S￿ement0f Recommended Practice appl￿￿8 to charitses prepwing their accounts in accordance *ith the Financial Repth"ng StarKlard appl￿ble in the UK and Republrc of Ir4￿ IFRS 102). (as amended for •cc(xxrtiTrJ pwi¢>Js comM￿r￿j from 1 January 20201. Oblocllves and actlvlll•s The chafitable companYs otyeds are lo pr￿Qle the ¥t oftwass by*Jrr￿1¢ 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 clyn￿1.ed v•th the tmy in section 17(S) of tr* cts1￿e$ Acl 2011 to have regard to the Chaiity CixnmFSsi￿.s ge￿ra1 guidance on public benefi( Ehanties •¥J Public Oue to Ihe cyooing COVtk19 outbreak in tr* UK. the annual Pershfft mid5￿mer 8rnys Fesbv4 thd rK> go ahe*J. Flnanclal rgvl8w As a result ofthe thawitableixThp￿ rnt undwt*irvJ 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 W￿rnatelY £5,OLYI. be met prior to being recupwated from irKune ger￿*d 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 ma1￿1ty 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 charit*Ae 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 s*fficuli to Tefflit comrnittee members vtho are prepared to fully wbcip* in the wnning of the L*k*rtable Jmpany and se¥wa coMM￿ee members appointed Ihe18sl few y￿5 have stepped dovffl after only Ho￿Ver, rf committee membets *e recruittrj the exist¥￿ committee meml)ers then be Ongolng cov1￿19 oulbreak Althou￿ the guidartt issued ty Brass 88Trd EwlwKI (Myking *ilh L)ep•trTVrt of Digrta. Qdture. Aqe(lia s￿rtI 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 *Xl￿b5 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 p*e (or spacing of2m Otrv￿). that f&a masks be wyn use atteTKla￿e 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 fin￿lalty sustain&4e to undert* swh ￿ e￿rt until currerrt COVID regulations have been lÉfted It is Cu￿enty 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 I￿orp￿th 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 Ctsrrt8￿e Q￿pany. Marshall Faizey John West Ann Vthite guarantee to &￿In"b￿le £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) (iesy*d in the year) committee members usualty meets evwy mrth 0￿j m￿e frerythly in the run up to thg event. although during the start ofthe COVltk19 c1rtt￿eak￿1len suth meelirys Lxxlld **ad deus¥xtstrwt requireccrfnmittee mernber approval beiThJ th'scussed by way of r*Kffle ￿ 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 pu￿Se Of¢￿p￿ry law. are respmsible for preparirwjthe TNstees' Rewyl and the accounts in a¢C￿dar¢¢e wth applicablelaw and Unrted Kingdom Accwnt#vJ StWKlards (Uniied KIr￿d￿fi Generally P£¢epted A¢¢wntiry Plac￿}. Company law requires the trustees to prepare accounts foreach finar￿181 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 ltr*m The trustees aro responsible ts keeping adequate accounting records that thsch)se reasonable accuracy at any time the finanaal F¥)siti'on ofthe ¢l￿ntable 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.' Pershc*e Midsummw Brnss Festiv Autumn wic8rt other tradry irKome Investmert income 187 13,747 Chaiilable aL*viti8s'. 10 10 Forfeited event costs (re Cov1￿19 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 a￿lit requirement in sedion 477 ofthe C￿nPanieS 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. I￿uding 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 clFarl￿e CLffip￿, is a ￿hty underFRS 102. have been in Ihe UK and Rewblic fA IreIar￿ (FRS 102). and Repxbffj by Ch*tiès.' Statement of Repiylin9 Stsndard a￿l¢ab￿ in ts UK and Rewblic of trelafKI IFRS 102) (Charilies SORP (FRS 102)). tr The charftable (xynpany has taken ath￿gft of the ￿¥￿41s1￿ in Chaiilies SORP (FRS 11Y2) n(rt to prepare amounts in Itwe fina￿101 are rCAM￿ed 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 T￿71 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 r￿￿11 new committee members lo replace them. wh￿51 the charitsble company I￿rdS sufficient cash reseThes to undertake at Jea5t i)ne mcrt p￿￿e 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 $I￿et items at the balance Sheet dale. Page 7 PERSHORE MIDSUMMER BRASS LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR EPIDED 30 SEPTEMBER 2021 1 Accounling polKi•s IcontAnu•d) 1.3 charitab￿ ￿ndS 1A Inconang r•sourc•s tiwtss. H¢Th¥e¥er. it is c4XL9d￿ imwacbcal for their ts)ntributs"on to be measured accounting reoyJnised as irthme. Considered imFTrr*cal for thevkn of such goodsto be Measured reliabty fcYacA￿rt1ftg pu￿1$e$. Given tho irtome. Income received from tombcdas is recognised as trading on rnceiFrt in *xdw￿e for an sales related taxes. 1.6 R•sour¢w •xp•nd•d Liabilities are recognised as exykliture as scth as there is a legal or cx)n$t￿Ye obligats.on c￿nmItti.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 Ir￿lUsive of irrecoverable VAT. costs cannot be directly aifrilxrted lo particukr headings, Ihey haye been a1￿Xa(ed to ar*vibes on a basis CC(￿lStent V•ith the use of resources. Costs of o*ariWe 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 actiV￿e$. 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 simul￿9￿. effective interest melhc*J 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 Ul￿rtakeS to contritLts to the assets oflhe C(jnp￿Y 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 eX￿e￿iNj £10 for the debts and liabdibes Contra￿ bpfr)re helshe ceases lo be a memlw. P•Je 13