2023-09-30-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1 October 2022 Period stsrt date To 30 September 2023 Period end date Charity name: Winchestsr Chamber Music F8Stival Trust Charity registration number: 1160142 Objectives and Activities SORP reference Fafa 1.17 Summary of the purposes of the charity as set out in its goveming doGum8nt To promote education and the arts for the public benefit particularly by the presentation of the Winchester Chamber Music Festival Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or SeNi￿S identified in the accounts. Para 1.17 and The principal activities of the Trust are to provide access to the general publiG, the elderly, children and sludents in the wider Winchester area to experience and leam about top quality chamber music, underpinned by strong Artistic Dire¢tion and high quality playing. The 2023 Festival included concerts in primary schools, 8 live conGerts together with a masterclass. outreach events for both Winchester Go LD and St John's Charily, a schools, perfomance, and a composer's talk. Statement confimiing whether the trustees have had regard to the guidan issued by the Charity Commission on public benefit Para 1.18 The Trustees confirm that they are complying wilh their duty to have regard to the guidance on public benefit published by the Charity Commission. Additional infomiation (optional) You ma choose to include further slatemenls where relevant about- SORP ref8renee Policy on grant making Para 1.38 Nol applicable Policy on social investment including program related investment Para 1.38 Not applicable

Contribution made by voluntéers Para 1.38 The Festival benefits ersomiously from the assistan￿ of a group of 20 dedicated volunteers who assist wtth promotion, audience interface, Catering and artists, accommodation. Other Achievements and Performance SORP referen Summary of the main achievements of the Gharity, identifying the difference the charity's work has made to the ctrcumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 The principal activities of the Trust are to provide access to the general publi¢, the elderly, children and students in the wider Winchester area to experien￿ and leam aboui top quality Ghamber music, underpinned by strong Artistic Direction and high qualtty playing. The 2023 Festival. which ran from 28 April to 1 May, offered a heady mix of the traditional canonic repertoire for chamber music blended with original concepts and educational activities. It was a success on all counts and has encouraged the team and trustees towards even more ambitious ideas in coming years. The Festival began wrth a schools, performance involving local children wtho had devised from scratch and then perfomied their own orÈginal songs alongside our Festival musicians. A perfOnTran￿ by Lumas Winds in the community space of Winchester library (now called the Arc) led into an opening cOn￿rt which ranged from the première of new work by Huw Watkins to a Beethoven string quartet. A late-night concert of Schubert's Winterreise song cycle completed the day. An interartive family concert started Saturday. yielding place to a fine mixed Performan￿ of mostly 20 -century compositions. Changing genres once more, the Saturday evening concert featured folk- fiddler Donald Grant joining the Festival performers for his Celtic folk tunes arrangements and compositions. Sunday began wth a remarkable performanc8 of"Bach's Goldberg Variations arranged for string trio. The Gala cOn￿rt in the evening. staged in the Chapel of St Cross. included Shostakovich, Pur￿11 and Mendelssohn. On Monday, the master¢lass comprised Festtval musiaans coaching young. up-and-coming ensembles. After a talk by Huw Watkins, the Festival Finale induded the première of a iano uintet b Robin Hollowa alon side

more familiar works from the first Wiennese School by Beethoven and Mendelssohn. Attendan￿S al the 8 ticketed ￿n￿rtS were 1 Ooh higher than in 2022 in terms of number of attenders and a 29% increase in money taken, with good audiences as well for the 4 free events. Overall, the Festival made a profit of £8,453 leaving a healthy reserve with which to enter 2024. During the year, trustees met fomially on 3 occasions. They welcomed a new ¢hair of trustees, Dr Tony Stoller, who acknowledged the excellent and immense work undertaken by his predecessor, Hilary Webster. A5 well as reviewing the 2023 Festival, and beginning plans for the 2024 events, trustees considered aspects of governance and the potential for further use of social media. The autumn was notable for a fine concert in Cranboume Barn, courtesy of Miranda and Douglas Paterson, intended especially for Friends of the Festival. The year was Gompleted by a salon recital for Patrons at Ihe fine Alresford home of Rose and Julian Milford, performed by Julian and Artistic Director Kate Gould. Additional infomiation (optional) You ma choose to include further statements where relevant about.. Achievements against Para 1.41 The objectives were met in 2023. obie¢tives set Perfornian￿ of fundraising activities against objectives set Pafa 1.41 Fundraising objectives were achieved helping to ensure the future of the Feslival. Investment performance against objectives Para 1.41 Not applicable other

Financial Review Review of the charity's financial posstion at the end of the eriod statement explaining the policy for holding reserves Stating why they are held Para 1.21 The Festival carries fO￿ard reserves of £45,861 Pars 1.22 Th8 Trustees reviewed and amended their policy designed to safeguard the core activities of the charity in periods of fluctuating income. The new policy agreed at a Board meeting on 22 September 2023 is that the Trust will hold as financial reserves in one or more bank accounts in the name of WCMFT a minimum amount of 75% of WCMFT'S annual operational costs for the immediately preceding 12 month period. Amount of reserves held Para 1.22 £45,861 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any Un￿rtaIntieS about the charity continuing as a going con￿rn Pan 1.22 Not applicable Para 1.24 Not in deficit Para 1.23 Not applicable Additional infomiation (optional) You ma choose to include further statements wh8re relevant about. The charity's principal Para 1.47 The main sources of income for the charity sources of funds (including are a combination of income from our any fundraising) thriving Friends organisation, ticket income and fundraising activity from trusts and foundations and corporate sponsors. Investment policy and objectives including any social investment policy adopted PaFa 1.46 An investment policy and objectives are intended to be put in plaGe in 2024. A description of the principal rtsks facing the charity Para 1.46 In common with most cultural organisations, the Festival faces Ihe challenge of building back after the hiatus of the pandemic. The main risks centre around how best to seNe the tradttional audience while opening up the Festival to wider and more diverse participation in respect of both the performers and the audience. Other

Structure. Governance and Management The Winchesler Chamber Music Festival Trusl has no sub-trusts or subsidiaries. Description of charity's trusts.. Type of goveming document trust deed ro al charter How is the charity constituted? le.g unincorporated association, CIO TrLtstee selection methods including details of any onstitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees P8ra 1.25 Constitution daled 16 February 2015 Para 1.25 Charitable Incorporated Organisation registered 26 January 2015 Para 1.25 The existing tnjstees select individuals having regard to the skills, knowledge and experience needed for the effective administration of the CIO. The trustees are aware of the need to broaden the range of background and skills across the trustees and will be seeking ways to achieve this. Additional information (optional) You ma choose to include further statements where relevant about.. Policies and procedures Para 1.51 All new trustees re￿1ve the published adopted for the induction and Charity Commission Guidance, the training of truste8S Constitution of this charity and the previous year's report and accounts. The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other The Artistic Director, as one of the founders of Ihe Festival and who is a trustee, re￿iVeS fee for her Artistic Direction {£2,131.50 in 2023) and, on the same basis as the other players, a fee for playing at the Festival. Reference and Administrative details Charit name Other name the charit uses islered charit number Charity's principal address Winchester Chamber Music Festival Trust 1160142 12 Hatherley Road, WINCHESTER, S022 6RT

Names of the charity trustsas who manage the charity Name of person lor body) envtled to appolnt tr￿ts0 {Tf an Datss acted If notforwhole yèar TA￿te¢ name Office Ilf any) Kate Joanna Gould Richard Sutherland Thomas Artistic Director Carol Orchard Elizabeth Peller Katrina Tanner David Blunt Julian Milford Anthony Stoller 10 Chair 22 June 2023 12 13 14 15 16 17 18 19 20 Cor orate trustèes- names of the directors at the date the re Dlre¢tar name ortwasa roved Name of trustees holding title to property belonging to the charity Dates act•d If not forwhole Trt￿be nam•

Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the Gharity on whose behalf the assets are held and how this falls within the custodian charily's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional inforn)ation {optionall Names and addresses of advisers (Optional inforniationl Type of Name Address adviser Festival Manager Lucy Bending 70 Overstone Road, Harpenden. AL5 5PJ Name of chief executlve or names of senior staff members (Oplional infomiation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustses, report above. Signed on behalf of the Charity's trustees Signature{sl Full name(sl Position (eg Secretary. Chair, etcl Anthony David Stoller Chair Date

Winchester Chamber Music FestEval Trust Staterngnt of flnan¢ial actlvities Ilnctsrporating an income and expenditure account) For the 12 months ended 30 September 2023 12 months 30.09.2023 14 months 30.09.2022 Unrestrlrted Unrestrlcted Income ricket Sales PToBramme Sales Prograrnme Adverts Bar income Education Fees Friends 22-23 Friends 23-24 Gift Aid Autumn Concert ticket income Arts Council 19,614 673 330 423 14,251 541 795 576 10,750 9,778 3.770 60 2,789 2,880 BID Trust grants other individual and ticket donations Fundraislng and corporate sponsorship 750 750 3,750 9,650 1,021 2,700 3,096 Total income 49,741 39,207 Expend5ture Artistic Direction Artists Fee5 2,132 14,350 2,030 15,904 35 226 Artist5 Expenses Art15ts Sundry Filming costs Venue Hire Ticket Commission Piano Programme Costs Education Fees Autumn Concert Costs Design & Print & Marketlng Marketing Website Friends 22-23 Concert Manager fees and expenses Administration Fees Professional fees Sundry Expenses 2,572 1,694 2.064 1,710 2,156 1,218 1.558 1,434 565 50 123 3.478 245 157 930 10,118 660 1,418 180 388 855 10.300 600 1,551 41.288 39.413 surplus I l Deflcltl for the period 8,453 12071

Winchester Chamber Muslc Festlval Trust Balance Sheet As at 30 September 2023 30.09.2023 30.09.2022 Unrestricted Unrestricted Debtors Prepayments Cash at Bank 53,937 45.954 Income in Advance Creditors and Accruals 17.4761 16001 15,6941 12,8521 Net Asset5 45,861 37,408 Reserves Brought foNi8rd 37,408 37,615 surplus / l Deficit I 8,453 12071 Total funds- unrestrirted 45,861 37.408 The financial staements were approved by the Bord of Trustees and signed on their behalf by Dated..

Inchester Chamber Music Festival Trust Notes to tho financial statements Forthe 12 months ended 30 September 2023 Accounting policies The principle a￿OuntIng policies, which have been applied consistently, are as follows.. 1.1 Basis of preparation and assessment of going concern The financial statements have been prepsred in accordance with Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151- Icharities SORP IFRS 10211, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. Winchester Chamber Music Festival Trust is a charitable Incorporated Organisation ICIOI registered with the charity commission Iregislralion no 11601421 in England & Wales. The CIO meets the definition of a public benefit entity under FRS 102. The trustees have considered possible events or conditions that might c8st significant doubl on the ability of the charity lo continue as a going ¢oncern. The trustees have made this assessment for a period of at least one year having considered the charity's forecast and projections. After making enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate resources lo conb.nue in operation for the foreseeable futuff. The charity therefore continues to adopt the going concern basis in preparing these financial statements. 1.2 Incomo Items of income are recognised and included in the financial statements when the charity has enlitlemenl to the funds, and performance condib.ons attached to the income have been met and the amount can be measured reliably. Income from charitable actThiilies is included in income in the period in which the activity takes place. Income received in advance of a performance or provision of other specified service is deferred until the criteria for incorne recognition are met. Unrestricted funds are available to spend on activities that further any of the purposes of the charity- Restricted funds are donations which the donor has specified are to be used for particular areas of the charity's work or for specific projects being undertaken by the charity. 1.3 Expenditure All expenditure is accounted for on an accruals basis and is ￿CognISed when there is a legal or constructive obligation to pay. Expenditure items have been classified under headings that aggregate all costs related to each category. Expenditure on charitable activities includes the cost of performances and other educational aotivilies undertaken lo further the purposes of the charity and their associated support costs. 1.4 Current assets Trade and other debtor5 are recognised at the settlement amount due. Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less.

Wlnchester Chamber Music Festlval Trust Notes to the financial statements For the 12 months ended 30 September 2023 1.5 Credito Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounts. 1.6 Fund accounting Unreslricled funds are available lo spend on activities that further any of the purposes of the charity. Reslricled funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific artistic projects being undertaken by the charity. Trustees remuneration During the period no trustee received any remunerab.on for being a trustee. Trustees were reimbursed expenses Incurr￿ of £52612022.. £6781. Kate Gould, received fees of £4,331 12022.. £3,180) for artistic direction and musician on the same basis as other musicians.

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Winchester Chamber Music Festival Trust On accounts for the period ended 30 September 2023 Charlty no lif any) 1160142 Set out on pages I report to Ihe trustees on my examination of the accounts of the above charity {"Ihe Trusf) for the period 1 August 2022 to 30 September 2023. Rospon8lblllties and basls of report As the Charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of th8 Charsties Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 AGt and in carying out my examlnation, I have followed all the applicable Directions given by the Charity Commission under section 145{51{bl of the Act. Independent I have completed my examination. I confimi that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respe¢t'. the accounting records were not kept in accordan￿ with section 130 of the Charities Act", or the accounts did not accord with the accounting records- or the accounts did not comply with the applicable requirements Goncemillg the form and Gontent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of on independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reaGhed. Signed: Date: 202 Name: Tobias Wright Relevant professlonal qualifJcation{$l or body lif any): FCA {ICAEW) Addres8: Stockers Avenue Winchester, Hampshire IER Oct 2018