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2024-04-05-accounts

LEICESTER MUSICFEST

STATEMENT OF ACCOUNTS

YEAR ENDED

5 APRIL 2024

Registered Charity Number 1186629

LEICESTER MUSICFEST

REPORT OF THE TRUSTEES

Year ended 5 April 2024

General information

The Trustees present their annual report and the accounts of Leicester MusicFest for the year ended 5 April 2024.

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 2024 were:

John Gull (Chairman)

Roxanne Gull (Artistic Director)

Jonathan Jarvis (Webmaster and Treasurer)

Avalon Summerfield (Events Coordinator)

Christopher Hiam

On 11th May 2024 Melanie Settle was appointed as a new trustee in the role of Treasurer, and Jonathan Jarvis stepped down from his role as Treasurer.

During the year under review, Roxanne Gull received remuneration from Leicester MusicFest for the role of administration, including funding applications.

Avalon Summerfield also received remuneration from Leicester MusicFest for the role of administration and catering. The trustees are giving further consideration to these payments in the context of regulatory provisions, and they have been returned to the charity whilst this review is ongoing.

Please see note 2 to the accounts for details. None of the remaining Trustees received any remuneration or other benefits from Leicester MusicFest during the year under review.

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LEICESTER MUSICFEST

REPORT OF THE TRUSTEES (CONTINUED)

Year ended 5 April 2024

Objectives

Leicester MusicFest has the following objectives:

Review of the year

The eighth festival was held in February 2024 and included the following events:

The trustees were delighted by the level of support for this eighth 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.

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LEICESTER MUSICFEST REPORT OF THE TRUSTEES {CONTINUEDI Year ended 5 April 2024 Future events Leicester MusicFest 2025 wll lake place between 15 and 16 February 2025, On￿ again in the wonderfvl faalrties at English Matyrs, Catholic School The 10th Annivetsary Feslival is scheduled for 14 arwj 15 February 2026, also at Engltsh Martyr5. Catholic School. Reserrfes pollcy The policy of the Trustees is lo mainlain suffiuent ￿ServeS to provide workirtg capital for future events arKI to meet any expenses as they fall due. Risk managemenl The Trustees have assessed the major risks lo vknich the charity is exposed and are satisfEd that systems are in pla￿ to mitigate these risks. Patronage and Support The Trustees are grateful for the supp)rt of Patrorts, Frtends, Donors and Volunteers 7hilhoui ￿lch festival could not take pla￿. JOHN GULL Chairman For and on behalf of the trustees on 0410212025

LEICESTER MUSICFEST

RECEIPTS AND PAYMENTS ACCOUNT

Year ended 5 April 2024

Note 2024 2024 2024 2024 2024 2024 2023 2023
Unrestricte
d
funds
Restricted
funds
Total
funds
Total
funds
£ £ £ £
Receipts
Tickets (door) 1 450 240 690 614

Cafe
587 - 587 623
Buckets 1 158 84 242 994
Online ticket sales 1 289 760 1,049 320
Competition entry fees 1,752 - 1,752 2,074

Donations
1 9,508 5,201 14,709 9,263
Merchandise 102 - 102 10
Gift Aid 480 - 480 -
Total receipts 13,326 6,285 19,611 13,898
_ _ _ _
Less:
Payments
Adjudicators’& performers’fees 1 2,579 450 3,029 2,514

Refreshments and catering
2 1,261 - 1,261 796
Printing and stationery 395 - 395 510
Instrument hire and maintenance 1 - 1,340 1,340 894
Trophies and medals 476 - 476 406

Websites and advertising
568 - 568 1,567
Venue hire - 312 312 64
First aid and miscellaneous fees - - - -
Sheet music 88 - 88 266
Payment processing fees 99 - 99 142
Awards and bursaries - - - -
Purchase of card reader - - - 142
Gifts for volunteers 126 - 126 300
Competitor travel expenses - - - 50
Forest Gamelan Outdoor Music Classroom
Project
1 - 2,998 2,998 -

Administration Costs
1,2 497 2,500 2,997 -
Total Payments 6,089 7,600 13,689 7,651
_ _ _ _
Net (deficit)/surplus for the year 7,237 (1,315) 5,922 6,247
_ _ _ _
Bank and cash balances at 6 April 2023 2,863 7,050 9,913 3,666
Bank and cash balances at 5 April 2024 10,100 5,735 15,835 9,913
_ _ _ _

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LEICESTER MUSICFEST STATEMENT OF ASSETS AND LIABILITIES Al 5 April 2024 2024 2023 Tan Ibla assots Tro hies al cosl 1,946 1,946 Moneta awts Llo ds Bank balance Pa al balance Palreon balance Stri includi £5 735 reslricled 2023.. £7 050 33 Dabtorn Gift Aid Trustee Remunerali¢)n to be retumed 368 301 309 Crodltorn None Amounts shown atthie are unrestricted unless specff*d othe￿ISe. JOHN GULL Chairman MELANIE SETfLE Treasurer For and on behalf of the trustees on 04102r2025

LEICESTER MUSICFEST

NOTES TO THE ACCOUNTS

Year ended 5 April 2024

1. Restricted Funds Receipts & Payments

During the year funds were received and payments made for the following restricted purposes:

Sponsorship for the 2023 Leicester MusicFest organ events

£250 donation was received from The Royal College of Organists for the purpose of sponsorship for the 2023 Leicester MusicFest organ events. £250 of this had been expended during the year ended 5 April 2023.

Administration costs

£2,000 donation was received from The Scops Art Trust for the purpose of funding administration costs for Leicester Musicfest.

£2,500 was expended during the year for this purpose, including funds held on account from previous years.

Instrument Rehoming scheme

£595 donation was received from John Gull for the purpose of collecting, repairing and rehoming instruments as part of the Instrument Rehoming scheme.

The Pro-Arte Christmas Concert raised £1,000 in ticket sales, £84 in bucket donations and £306 in donations by card.

£1,340 was expended during the year for this purpose, including funds held on account from previous years. £845 is held as a restricted fund at the year end.

Venue Hire

£1,600 donation was received from The Edith Murphy Foundation for the purpose of hiring venues for events including the Leicester MusicFest festival and the Pro-Arte concert.

£312 was expended during the year for this purpose, including funds held on account from previous years. £2,888 is held as a restricted fund at the year end.

Leicester MusicFest Gala Concert 2024

During the year, a donation of £450 was received from The Blaby Rotary Club for the purpose of funding the 2024 Leicester MusicFest Gala Concert. £450 of this was expended during the year.

Forest Gamelan Outdoor Music Classroom Project

£2,998 was expended on the set up of the Forest Gamelan Outdoor Music Classroom Project from funds held from

previous years.

£2,002 is held as a restricted fund at the year end.

2. Trustee Remuneration

During the year Roxanne Gull received £2,850 for 114 hours of work on Administrative services provided to Leicester MusicFest as Artistic Director between September 2023 - February 2024.

During the year, Avalon Summerfield received £147 for Administration support in the period up to the 2023 Festival, and £154 for catering for the 2024 festival. The trustees are giving further consideration to these payments in the context of regulatory provisions, and they have been returned to the charity whilst this review is ongoing.

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