Regent's Park Musie FestlvAI Cbaritsble Fund RECISTERED CHARrrY NUMBER: 1183773 REGENT'S PARK MUSIC FESTNAL CHARITABLE FUND TRUSTEFS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025
RegeDt's Park Musle FestIV Cb•rltable Fll•d Tntee8 allnu report and financial statements for the year ended 31 March 2025 Contents Refernic¢ and admiillstrative dclails Report of the Irustees Report of the indePdent exaffliner Stst¢ment of receipts and payments Ststement of assets and liabilities
RegeDt'$ Park Musle Festlvil Charitsble Fund Referente and adminlstrathye detalls Charlty llAme and number Regent's Park Music Festival Charitable Fund Registered charity number: 1183773 Trujtees Richard Elliot (Chair) Sehr Akbar Nancy Janin Tom Thomson Regljtered address 34 York Terra¢¢ East, London, NW14PT Independent ¢xamlner Nicholas Lawrenc¢ 61 Benskin Road Warford WD180HN Bankers Lloyds Bank ple (Piccadilly Branch) 39 Piccadilly London WIJ OAA
RegeDt's Park Music Festival Charitable Fund Report of the trvstees for the year ended 31 Marek 2025 The trustees present their report atml accounts for the year ended 31 March 2025. Obje¢tives and actlvities Since 2016 , the Reg¢'S Park Music Festival h&8 bought music to the pak from mi&June to mid.September, offering ne8rty 50 ftee weekend concerts on both the nuin bandstand and a "rustic sheltcrf. on the Broad WalL Since 2023. a series of ticketed events has also been arranged. The festival seeks to encourdge amateur and semi-professional MSIcianS playing mostly in local bands but also ban&8 from far away such &8 York and Bournemouth. . There is always a pai1i¢ular focus on young musicians beginn1 their musical careets. who are paid Musicians Union ra for their perfornwices. The festival also aims to bring Ihe local community, and visitors, into the natur¢ and tranquillity of the park with thc OppornIty to enjoy free music with family and friends with completely unbindercd acce&8, physical and financial. The ticketed sales allows the festival to offer music in the park to those who apprecia other typ of mlC than that presented on the bandstands. and to enjoy th¢ park outside of weekend dalme houT5. The ticketed events include eVts for children and youth and an opportunity to ellwloy scores of Stsents and recent graduates of the best music coll¢8es ID London (the Royal Academy of Music being key as th¢ir location is on the edge of the park). Struetsr& governance Dd manAgenent The four volunteer trustees meet regularly, usually once a month, in person. by &)om or in hybrid meetings. They are joined by five additional volunteer team members about five times a y¢arwho advise the truste¢S OD different aspects of the festivaL especially tbe tick¢ted events. Mark Elliott is the chair of the charity and Nancy JaDin is treasurer. As various management t&sks arise the tnteeS allocate them to the member with the expertise andlor time to dedi¢at¢ to the issue. The trustees have frquent contact througb a WbatsApp group in addition to meetings. TTUStees are recruited anN)ng voluoteer5 heipiog to nm pf0o¢¢s and audience goers who wish to support the festival. Aehlevements and perf0rDnCe tn the April 1. 2024-March 31, 2025. fiscal year the music festival offered perfornwices from 22 JuDe until 22 September 2024. with tsvo free concerts on the HoJm¢ Green bandsts ev¢ry Sunday and bank holiday Monday, and one fTec concat (usually young jazz musicians) on the Broad Walk bandstand. On July 20 1982 the bandstand w&$ the scene of an IRA terrorist attack wbich rG£uited ID the death of seven rnilitary bandsmen. Every year. wotking witb the Royal Green jackets veterans, the music f&stival aTTanges a memorial service with bugler4 the Waterloo Arnjy band and the CeDtral Band of the Royal ltish Legion. The Mayots of Westmtnster and Camden att¢nd and lay wreaths &s well as rnany senior military personnel. Seven Ticketed events took place in the St Jobn's Lodge Gard the "Sec1 Garden" from July 31>August 4. These ticketed events included oper4 baroque rn1¢. musical theatre, classical music, a spccially Commissioned work for Children (The Pied Piper and the Secret Garden) and a perfornwice of Hamlet. Reviews were unifonnly excellent-"absolutely five stars- "all the singa5 and mu5iciao8 W¢Te rst c]ass-,-one of the most lovely concerts I bave
Regent's Park Music Festij'al Charitable Fund been to and I've been to A LOT.". (Written reviews submitted by concert goers via Audience Club)- Total attendae at ihe free concerts is estimated at 21,000 (we use a clicker svstem to count at the beginning, middlc and ¢nd of the concerts as some people come and go). Attendance at thc ticketed evenls totalled 1174. th'er 1200 musi¢i8ns were employed. Bringing together musicians and a wide mix of public to enjoy the healing power of music and nature right in the centre of London is of great benefit for the community. Momver: it ¢an have lasting impact by allowing musicians to grow through perfonnances before large crowds and to help them make a living from their tslent and education. It can encourage locals to discover the beauty of the park that 15 free to them and offers many opportunities for enriching experiences, not onl} through the music festival. Financial re%'iew Receipts for the year totallcd £94.381 (20?4: £38.238) and payments totalled £96,114 (20?4: £35.7?0). Receipts from sponsor5: includingy one local authority grant of £3000: totslled £62,150 which is 660/0 of the total, ticket sales of £24,256 '¢re 260/0, and the £5,616 total donations made at the free bandstand concerts 60/0. The bulk of payments, £68.420. or 770/ an)se from the ticketed Secret Garden Series cosls. Ivith £14,8?5 or 160/0 paid to perfomier5 at the frte bandstand conccrt5 being the second highest expense. The remaining 130/0 of costs related to advertising. insurance. website, tern7inal rental for donations and other sm311 administrative costs. The deficii of £1.833 was ¢oN'ed b> carried over surpluses of previous yea. and the fiscal vear ended on March il: 2025. Il'ith £9,630 (2024., £11.567) balance in the one bank ae¢ount held b!, the charity. Signed on behalf of the trustees by: Date: 0211212025 Date.. 02/1 ?1?025
Regent's Park Muslc Festival Charhable Fund Independent examlner's report to the trnstees of Regent's Park Musle F¢Jtlv41 Charitable Fund I report on the accounts of the cb&Tity for the year ¢nded 31 M8rth 2025. which aTe set on pa8es 6 107. Re8pectlve responslbllltks of trnst¢es and examlner As th¢ charity's tn1¢¢$ you are responsiblc for the prepardtion ofthc accounls: you consider tbat the audit requirement of sectioo 144(2) of the Cbarlties Acl 2014 (the Act) does not apply ond that aD independent examination is needed. It is my rnpon5ibility to: examin¢ ¢h¢ accounts (undcr section 145 of the Act}. lo follow th¢ procedures specified in the Genetal Directions given by the Charity Commissioners under section 145(5)(b) of the Acl and. io $talc wbether particular malters have come lo my &ttention. B•il¥ of Indepeodtnt examlDer'g report My examination was carri¢d out in accordan¢¢ with the Gen¢rnl Directions given by the Charity Commissioners. An ewiination includes a review of the accowitin8 records kept by the charity and 8 ¢omp8rFson of ihe aeeounls presented with those records. It 0180 Includ considerntion of any unu5U81 items or disclosures in the accounts, and secking explanations from you a5 ttee9 concerning any suth matters. The PToc¢dures UDdertak¢D do not provide all the evidence that would be r¢¥4uired in On audit and cons¢qu¢ntly I do not express an audit opinion on the view giv¢n by the a¢¢ouDts. Independent examlDer'8 Stat¢M¢nt I confm that no material matters have com¢ to my attention in connection with the examittthon glViil8 me cause to believ¢ that in any m&trri81 re8pe¢t: . accounting records were Dol kepl as r4uir¢d by section 130 of the Affj or 2. the accounts do not accord with those Tecord& In carrying out my ¢xamination I noted Ihal the broughl forward balan¢e5 had not be¢n PToperly recerded in the accounting rordS. The accountin8 software used only recorded transactions from the slart of the year and did nol include the balance of tbe bank account al the end of the previous ruwla1 year. A fvll c&8h Ix)ok beeD kept for the year and was provided that allowed adjusthient lo be made io the accounts and the ¢orrecl figure di]09¢d. In response. the trust pointed that this the first year Sing this accounting softw8re and that the software w&5 limited in nature, having been provided frtt of charg¢ as part of your online banking. You ar¢ aware of tt, IAmitation8 and intend to r¢s¢awh alternative a¢¢ounting softw8r¢ that will be robust in nature. I confirm that there are no other matters to which your attentioo should b¢ drawn to enabl¢ a proper UDdetstanding of the accounts to be reached 0211212025 Nicholas Lawnce. ACA 61 Ben5kin Road Warford WD18 OHN
Regent's Park M1¢ Feytlval Charltable Fund Statement of recelpts and payments for the year ended 31 Mar¢h 2025 Total All unr¢strl¢ted 2025 Total All unrestricted 2024 Reeelpt$ Donations Sponsors Ticket sales Total reeelpts 7,875 62,150 24.356 94J81 6,688 31.550 3&238 Payments Bands Other perfomnceS Grants and donations paid Administration costs Equiplnent Bandstand mangement syslem Printing Iasurance Advertising Miscellaneous Total payments 14,735 71.125 15,055 6.420 5,471 2.195 2.117 2.276 ,345 335 2,708 1,096 1,649 259 2,354 2,288 94114 506 34720 Net of reeelpts i (paymeDts) 2,518 Cash funds brought forward C•$h funds earrled forward 11,567 9,734 9.049 llJ67
RegeDt's Park Muslc Festlval ChAritable FuBd Statement of a$ts and Ilablllde$ as at 31 March 2025 2025 2024 Flx¢d 488ets Equipment Current assets Cash at baDk and in hand 9.630 11.567 Totsl current #ssets 9.630 11,567 Totsl net u#et8 9,734 IIA67 Funds of the ehgrlty Unre8trieted funds 9,734 11,567 Total fundi orth¢ ¢harlty 9,734 IlJ67