Northern Chords Festival Trustees, Annual Report Year ended 31st October 2024 TRUSTEES The Trus*es are pleased ￿ preseni this reFx)rt on the Northern Chords Festi val. One &lministrator and the Trustees t￿rf0m7 day-tTrday 0￿ration of charit),. Two additional TrUS￿S. Anthony Athinson and Garth Johnson, were app)in1￿ 10 the charity on 61W24. Th¢r¢ are rK)w five "I rusiees. Decisions are made through di scussions between the Trustees and regular meetings, which (￿cUr 81 leasi quarterly 2nd are minuied. The Trustees work on a voluntary basis. The charity is committed to mainraining the highest standards of integrity and ethical ￿havIour in all its activities. All tlKK working for or asxriat¢d with the charity are to uphold those stsndards. The Trustees are selected based on their knowledge of and commitment to thc arts. Onc is a major philanthropist who is dedicated to suppK)rting the arts in the area two others are top le￿.el. highly international professional musicians with a sth)ng gr&%p of the global classical music scene and thcrcforc bring this expKrtise lo the Festival. Thc new Truslees havc a ￿'ide knowl￿8¢ and experience of financial implications and I(￿￿ cl&ssical music cUliu￿ . All new Trustees arc briefed on the tole of the Truslees for the Northern Chords Festival. given copies of the governing thKuments of the organisation and referT&I to the detsils on the Charity Conllnission wcbsiie relatcd to ILxoming a TruslL% and to the guidance on public bencfit. GOVF.RNANCE and MANAGEMENr The governing d(￿Ument is the Northern CtrK)rds Festival CIO ConMiiuiion which w&s adopted by thc "Irusiccs on 19101117 and which IKcame recognised by thc Charity Conunission on 261(Ml17 The Truste¢s have a risk Manageme￿ straiegy which includes an annual review of risks to which the charity may be exwsed. and the establishment and implemenLaiion of syslems and procedures designed to rnitigate the im￿ct on the charity of the risks identified. Key elements of the 51rat¢gy include.. the implementation of pr(Kedure5 for the authorisation of all financial tran￿lOnS and the incurring of financial obligations: thc agr¢cmcnt of an annual Rstival plan and budgcl, supwrtcd by a fundraising plan. which is regularly reviewed. prtKedures to ensure compliance with safcguardillg and lThlth and safw regulations. OBJEcfivES The obj￿[1ve of the CIO Northern CIK)rds Festival . Northem Chords Fests'val advances education by promoting and providing opportunit￿8 for the appreciation, understanding and enjoyment of the art of music in particular by the provision of an annual festival, public concerts, lectures. tuition and youth engagement programmes. PUBLIC BENEFrr The Trusi¢¢S confimi thal when planning an) of the charity's cvcnts. thcy have ￿MPlicd wilh ihe duty io have duc regard for the public IKnefit in delivering the acti vities undertaken. THE CHARITY'S ACtIVlTIES FOR YFAR END 31st (￿BER 2024. Due to untoreseen c1￿uMStanceS. it was n(A PX)ssible ￿ present a Feslivat during this year. In8te&l, the Trusiees undert(K)k a pKri(xl of reflection and c(￿s011da[10n. with the intr(xJuciion of additional Truslc¢s and a new administrator who is a volunieer. Thc TrUs￿eS also re*xamined and m(xlitied the charitable obJe￿S for North¢rn Chords Festival and w211 apply to the Chariiy Commisston lo seek th¢ir approval of any changes. FLrruRE PIANS This ￿n(KI of consideration al lowcd for ￿1vanC￿ planning of the Festival for 2025. The dates of 27th. 28ih and 2*h of June 2025 were agreed on in Jul), 2024. The three conc¢rts w'ill k varicd and includ¢ piano and voice recital. chamber music concen. piano concerto and a ￿rfOrn￿nCe of the 0￿ra Dido and Aeneas. Th8 trust88s' annual repc*t was apkxoved on ......... . .. .. .... . board of trustees by. r¥V)bJy KTKINI so ## **STATEMENT OF FINANCIAL ACTIVITIES** **!"#$%&#! '%"#() *&)$+,-. /&-# &!( 01213245** ||**INCOME**|**INCOME**| |---|---|---| ||Donation 500
£500
Donation 100
£100|| ||**TOTAL INCOME**
£600|| ||**EXPENDITURE**|| ||Bank charges
£0.50|| ||**TOTAL EXPENDITURE**
£0.50|| ||**SURPLUS for year**
£599.50|| |||| ||**Reconciliation of funds**|| ||Total funds brought forward 1/11/2023
**£(256.98)**
Surplus for year
**£599.50**
Total funds carried forward 31/10/2024
**£342.52**||