Registered number: 10335024 Charity number: 1172743
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 16 |
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees
Mr J Boas, Trustee N A Covell, Trustee D G Goodwin, Trustee Mr J Price, Trustee
Company registered number
10335024
Charity registered number
1172743
Registered office
Harbour St Bride Durlston Road Swanage Dorset BH19 2HZ
Accountants
GMBC LLP Chartered Tax Advisers and Accountants Marine House 151 Western Road Haywards Heath West Sussex RH16 3LH
Page 1
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report together with the financial statements of the Purbeck International Chamber Music Festival Limited for the year 1 October 2023 to 30 September 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The main objectives of the charity are to advance, improve and maintain public education in and appreciation of music, in the Isle of Purbeck and the surrounding Dorset area by holding an annual festival of chamber music to include concerts, master classes and workshops.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
a. Review of activities
The programme of concerts and events curated by Artistic Director Cellist Natalie Clein based on a theme of ‘Youth and Experience’ was presented between 19 August and 1 September 2024.
The festival explored how musicians, performers and composers alike, mature through life. Incredible young talent and world-class established musicians shared the stage. Artists and speakers included violinist Priya Mitchell, pianist Einav Yarden, Henning Kraggerud and his phenomenal family, violin and fiddle player Aoife Ní Bhriain as well as a number of young musicians. Judge Theodore Meron, and Robert Rinder gave a couple of meaningful ‘in Conversation’ events.
The Festival presented the world premiere trio by Brett Dean, ‘I Starred Last night, I shone’ performed by Lotte Betts-Dean, Nurit Stark and Natalie Clein.
We are grateful for the support shown by a growing number of our Friends, Angels and Patrons that have recently joined the festival community.
b. Fundraising activities
Funding for the Purbeck International Chamber Music Festival comes from a mixture of private donations, loyal supporters, ticket revenue, charitable grants and corporate donations. The Trustees have prioritised the development of diversified sources of income so as not to be dependent on any one source or type of funds. The Trustees are motivated to develop new supporters, new grant funding and new corporate donations while continuing to nurture the festival's long-standing contributors. The festival prides itself on having cultivated a loyal following from local subscribers and concert goers and will continue to develop a sense of ownership between local supporters and the festival.
Page 2
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Structure, governance and management
a. Constitution
Purbeck International Chamber Music Festival Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
Plans for future periods
The 2025 festival will be a celebration on the theme of Love in all its many forms and variations.
Members' liability
The Members of the company guarantee to contribute an amount not exceeding £10 to the assets of the company in the event of winding up.
Page 3
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on and signed on their behalf by:
Mr J Price (Trustee)
Page 4
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent examiner's report to the Trustees of Purbeck International Chamber Music Festival Limited ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 September 2024.
Responsibilities and basis of report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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 reached.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: 10 July 2025 Graham Hole CTA
GMBC LLP
Chartered Tax Advisers and Accountants Marine House 151 Western Road Haywards Heath West Sussex RH16 3LH
Page 5
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 59,119 20,914 80,033 79,033 79,033 1,000 16,605 1,000 17,605 |
Total funds 2024 £ 59,119 20,914 80,033 79,033 79,033 1,000 16,605 1,000 17,605 |
Total funds 2023 £ 43,147 18,624 61,771 64,738 64,738 (2,967) 19,572 (2,967) 16,605 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 16 form part of these financial statements.
Page 6
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED (A company limited by guarantee) REGISTERED NUMBER: 10335024
BALANCE SHEET AS AT 30 SEPTEMBER 2024
| Note Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
99 26,040 26,139 (8,533) |
2024 £ 17,606 17,606 17,606 - 17,606 17,606 |
1,509 29,810 31,319 (14,714) |
2023 £ 16,605 |
|---|---|---|---|---|
| 16,605 | ||||
| 16,605 | ||||
| - 16,605 |
||||
| 16,605 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by: _______
Mr J Price (Trustee)
The notes on pages 8 to 16 form part of these financial statements.
Page 7
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. General information
Purbeck International Chamber Music Festival Limited is a private company, limited by guarantee, domiciled in England and Wales, registration number 10335024. The registered charity number is 1172743. The registered office of the company is Harbour St Bride, Durlston Road, Swanage, Dorset, BH19 2HZ.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Purbeck International Chamber Music Festival Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 8
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies (continued)
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.7 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 9
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
3. Income from donations and legacies
| Unrestricted funds 2024 Restricted funds 2024 £ £ Donations Gift aid 6,699 - Grants The Steel Charitable Trust 20,000 - R&H Trust 10,000 - Donations 22,420 - Grants - - Festival sponsorship - - Subtotal 22,420 - Total 2024 59,119 - Total 2023 42,597 550 Income from other charitable activities Income from other charitable activities Unrestricted funds 2024 £ Programme advertising 99 Charitable activities 20,815 Total 2024 20,914 Total 2023 18,624 |
Total funds 2024 £ 6,699 20,000 10,000 22,420 - - 22,420 59,119 43,147 Total funds 2024 £ 99 20,815 20,914 18,624 |
Total funds 2023 £ - 20,000 20,000 1,497 550 1,100 |
|---|---|---|
| 3,147 | ||
| 43,147 | ||
| Total funds 2023 £ 476 18,148 |
||
| 18,624 | ||
4. Income from other charitable activities Income from other charitable activities
Page 10
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
5. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted funds 2024 £ Annual festival of chamber music 79,033 Total 2023 64,188 6. Analysis of expenditure by activities Annual festival of chamber music Total 2023 |
Restricted funds 2024 £ - 550 Support costs 2024 £ 79,033 64,738 |
Total 2024 £ 79,033 64,738 Total funds 2024 £ 79,033 64,738 |
Total 2023 £ 64,738 |
|---|---|---|---|
| Total funds 2023 £ 64,738 |
|||
Page 11
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Office hire IT software and website costs Printing, postage and stationery Advertising and promotion Event accommodation Travel and subsistence Creative and design Musicians' fees Piano hire and related costs Concert hall fees Insurance Sundry Accounting fees General manager and administrators Event catering Bank fees Event logistics and multimedia Event travel Marketing Total 2024 7. Independent examiner's remuneration Fees payable to the company's independent examiner for the independent examination of the company's annual accounts |
Total funds 2024 £ 48 1,123 81 4,150 8,270 126 1,751 26,828 - 1,825 602 15 883 16,574 7,844 34 2,461 3,171 3,247 79,033 2024 £ 883 |
Total funds 2023 £ 814 1,262 - 3,822 5,878 596 2,431 14,923 973 1,991 497 532 943 11,997 3,571 36 5,108 5,086 4,278 |
|---|---|---|
| 64,738 | ||
| 2023 £ 870 |
Page 12
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 30 September 2024, no Trustee expenses have been incurred (2023 - £NIL) .
9. Debtors
| Due within one year Prepayments and accrued income |
2024 £ 99 99 |
2023 £ 1,509 |
|---|---|---|
| 1,509 |
10. Creditors: Amounts falling due within one year
| Accruals and deferred income Financial instruments Financial assets Financial assets measured at amortised cost Financial liabilities Financial liabilities measured at amortised cost |
2024 £ 8,533 2024 £ 26,040 2024 £ (8,533) |
2023 £ 14,714 |
|---|---|---|
| 2023 £ 41,320 |
||
| 2023 £ (14,715) |
11. Financial instruments
Financial assets measured at amortised cost comprise cash at bank and in hand and other debtors.
Financial liabilities measured at amortised cost comprise accruals.
Page 13
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 12. | Statement of funds | ||||
|---|---|---|---|---|---|
| Statement of funds - current year | |||||
| Balance at | |||||
| Balance at 1 | 30 | ||||
| October | September | ||||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General Funds - all funds | 16,605 | 80,033 | (79,032) | 17,606 |
Page 14
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 12. Statement of funds (continued) Statement of funds - prior year Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 October 2022 £ 19,572 - 19,572 |
Income £ 61,221 550 61,771 |
Expenditure £ (64,188) (550) (64,738) |
Balance at 30 September 2023 £ 16,605 |
|---|---|---|---|---|
| - | ||||
| 16,605 |
Page 15
PURBECK INTERNATIONAL CHAMBER MUSIC FESTIVAL LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
13. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Current assets 26,139 Creditors due within one year (8,533) Total 17,606 |
Total funds 2024 £ 26,139 (8,533) 17,606 |
|---|---|
Analysis of net assets between funds - prior period
| Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 31,319 (14,714) 16,605 |
Total funds 2023 £ 31,319 (14,714) 16,605 |
|---|---|---|
Page 16