LEICESTER MUSICFEST STATEMENT OF ACCOUNTS YEAR ENDED 5 APRIL 2023 ## **LEICESTER MUSICFEST** ## **REPORT OF THE TRUSTEES** ## Year ended 5 April 2023 ## **General information** The Trustees present their annual report and the accounts of Leicester MusicFest for the year ended 5 April 2023. Leicester MusicFest is a charitable incorporated organisation registered in England and Wales, and governed by a written constitution. Leicester MusicFest was founded in 2016 and obtained registered charity status on 28 November 2019. Its registered charity number is 1186629. The principal address of Leicester MusicFest is 1 Eastwood Road, Leicester LE2 8DD. Full details of the organisation and activities of Leicester MusicFest are available at www.leicestermusicfest.com The Trustees confirm that they have had due regard to the public benefit guidance issued by the Charity Commission for England and Wales. ## **Trustees and remuneration** New Trustees are appointed by the existing Trustees at an Annual General Meeting. The Trustees during the year ended 5 April 2023 and at the date of signing of this report were: John Gull (Chairman) Roxanne Gull (Artistic Director) Jonathan Jarvis (Treasurer and Webmaster) Avalon Summerfield (Events Coordinator) Christopher Hiam None of the Trustees nor persons connected with them received any remuneration or other benefits from Leicester MusicFest during the year under review. 1 ## **LEICESTER MUSICFEST** ## **REPORT OF THE TRUSTEES (CONTINUED)** ## Year ended 5 April 2023 ## **Objectives** Leicester MusicFest has the following objectives: - To help young people access inspiring music-making and education; - To nurture emerging talent, and to provide a supportive atmosphere in which all musicians can enjoy performing; - To widen access to music by organising inspiring professional performances with free or subsidised tickets; - To provide a performance platform for amateur musicians at all stages of their musical journey, particularly where performance opportunities are otherwise limited; - To foster a culture of musical discovery and co-operation by running a wide variety of events within a single festival; and - To encourage sharing of ideas and resources, bringing together the local musical community. ## **Review of the year** The sixth festival was held in February 2023 and included the following events: - Piano, Pipe Organ, Singing, Ensemble and Composition Competitions; - Winners' Gala Concert, including community performance of Alexander l’Estrange’s ‘Ahoy!’; - Guitar Ensemble Workshop with Yvonne Bloor; - Alexander Technique Workshops with Catherine Fleming; - Children’s Singing Workshop with Helen Smee; - Pipe Organ Masterclass with Ben Sheen; and - Festival Café. The trustees were delighted by the level of support for this sixth festival. Hundreds of children and amateur performers took part in our competitions, workshops and masterclasses, and attendees enjoyed an incredibly high standard of music-making across all ages and abilities including the grand finale of the Gala Concert featuring winners of the amateur competitions alongside world premieres of the winning compositions.. 2 **LEICESTER MUSICFEST** ## **REPORT OF THE TRUSTEES (CONTINUED)** Year ended 5 April 2023 ## **Future events** Leicester MusicFest 2024 will take place between 16 and 18 February 2024, once again in the wonderful facilities at English Martyrs' Catholic School. ## **Reserves policy** The policy of the Trustees is to maintain sufficient reserves to provide working capital for future events and to meet any expenses as they fall due. ## **Risk management** The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate these risks. ## **Patronage and Support** The Trustees are grateful for the support of Patrons, Friends, Donors and Volunteers without which the festival could not take place. **JOHN GULL** Chairman For and on behalf of the trustees on 05/04/2024 3 ## **LEICESTER MUSICFEST** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## Year ended 5 April 2023 ||**Note**|**2023**|**2023**|**2023**|**2023**||**2023**||**2022**| |---|---|---|---|---|---|---|---|---|---| |||**Unrestricte**
**d**
**funds**||**Restricted**
**funds**|||**Total**
**funds**||**Total**
**funds**| ||||**£**||**£**|**£**||**£**|| ||||||||||| |**Receipts**|||||||||| ||||||||||| |Tickets (door)|1||614||-||614||1,106| |Cafe|1||623||-||623||-| |Buckets|1||994||-||994||-| |Online ticket sales|||320||||320||371| |Competition entry fees|||2,074||-||2,074||2,130| |Donations|2||1,513||7,750||9,263||4,403| |Merchandise|||10||-||10||-| ||||_______||_______||_______||_______| |**Total receipts**|||6,148||7,750||13,898||8,010| ||||_______||_______||_______||_______| ||||||||||| |**Less:**|||||||||| ||||||||||| |**Payments**|||||||||| ||||||||||| |Adjudicators’& performers’fees|2||1,814||700||2,514||3,605| |
Refreshments and catering|||796||-||796||1,011| |
Printing and stationery|||510||-||510||728| |Instrument hire and maintenance|||894||-||894||-| |Trophies and medals|||406||-||406||716| |
Websites and advertising|||1,567||-||1,567||294| |Venue hire|||64||-||64||1,159| |First aid and miscellaneous fees|||-||-||-||328| |Sheet music|||266||-||266||-| |Payment processing fees|||142||-||142||127| |
Awards and bursaries|||-||-||-||700| |Purchase of card reader|||142||-||142||65| |Gifts for volunteers|||300||-||300||171| |Competitor travel expenses|||50||-||50||-| ||||||||||| |**Total payments**|||_______||_______||_______||_______| ||||6,951||700||7,651||8,904| ||||_______||_______||_______||_______| ||||||||||| |**Net (deficit)/surplus for the year**|||(803)||7,050||6,247||(894)| ||||||||||| |Bank and cash balances at 6 April 2022|||3,666||-||3,666||4,560| ||||_______||_______||_______||_______| ||||||||||| |**Bank and cash balances at 5 April 2023**|||2,863||7,050||9,913||3,666| ||||_______||_______||_______||_______| 4 |**LEICESTER MUSICFEST**|**LEICESTER MUSICFEST**|**LEICESTER MUSICFEST**|**LEICESTER MUSICFEST**||||| |---|---|---|---|---|---|---|---| ||||||||| ||||||||| |**STATEMENT OF ASSETS AND LIABILITIES**|||||||| ||||||||| |At 5 April 2023|||||||| ||||||||| |||||**2023**|||**2022**| |||||**£**|||**£**| ||||||||| |**Tangible assets**|||||||| ||||||||| |Trophies at cost||||1,946|||1,946| |||||_______|||_______| ||||||||| |**Monetary assets**|||||||| ||||||||| |Lloyds Bank balance||||9,649|||3,606| |Paypal balance||||-|||-| |
Patreon balance||||264|||60| |Stripe||||-|||-| |||||_______|||_______| |||||9,913|||3,666| |||||_______|||_______| ||||||||| ||||||||| |**Debtors**|||||||| ||||||||| |Gift Aid||||309|||395| |||||_______|||_______| ||||||||| |**Creditors**|||||||| ||||||||| |None|||-|||-|| |||||___|||___| ||||____|||____|| ||||||||| Amounts shown above are unrestricted unless specified otherwise. **JOHN GULL** Chairman **JONATHAN JARVIS** Treasurer For and on behalf of the trustees on 05/02/2024 5 **LEICESTER MUSICFEST** **NOTES TO THE ACCOUNTS** Year ended 5 April 2023 ## **1. Presentation of receipts** For the year ended 5 April 2022, Tickets (door), Cafe and Buckets were presented as a single total. For the year ended 5 April 2023, these amounts have been presented separately. ## **2. Restricted Funds Receipts & Payments** During the year, a donation of £2,500 was received from Leicestershire and Rutland Freemasons Charity for the purpose of funding the set up of the Musicfest Outdoor Music Centre Project. £2,500 is held as a restricted fund at the year end. During the year, a donation of £2,500 was received from The Masonic Charitable Foundation for the purpose of funding the set up of the Musicfest Outdoor Music Centre Project. £2,500 is held as a restricted fund at the year end. During the year, a donation of £500 was received from The Helen Jean Cope Charity for the purpose of funding administration costs for Leicester Musicfest. £500 is held as a restricted fund at the year end. During the year, a donation of £200 was received from The Royal College of Organists for the purpose of sponsorship for the 2022 Leicester MusicFest organ events. £200 of this was expended during the 2021/22 tax year. During the year, £250 was expended on the 2023 Leicester MusicFest Organ events. The Royal College of Organists have pledged to donate £250 for this purpose to be received in the 2023/24 tax year. During the year, a donation of £450 was received from The Blaby Rotary Club for the purpose of funding the 2023 Leicester MusicFest Gala Concert. £450 of this was expended during the year. . 6