The London International Festival of Early Music CIO CHARITY NUMBER 1190603 STATEMENT OF ACCOUNTS For the year ended 31st December 2023 The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 ESTABLISHED BY DEED Registered Address.. Stanway Green Farm Worlingworth Suffolk IP17 2NL Chair Christopher Butler Trustees Anthony Millyard Carolin-Alexandra Barnfield Susannah Simons Independent Examiners: CRASL Carlton Park House Carlton Park Industrial Estate Saxmundham Suffolk IP17 2NL The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 STATEMENT OF ACCOUNTS For the ear end d 31st Dec mber 2023 INDEX Page TRUSTEE'S REPORT INDEPENDENT EXAMINER'S REPORT 2to3 STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTESTO THE ACCOUNTS 6t09 The London Internatiorial Festival of Earl Music CIO CHARITY NUMBER 1190603 ESTABLISHED BY DEED TRUSTEE'S REPORT FOR THE YEAR ENDED 31st December 2023 l Goveming Documents and Background The London International Festival of Early Music CIO is a charity registered with the Charity Commission for England and Wales with charity number 1190603 Ithe Charity). It was established on the 28th July 2020. 2 Aims and Purpose The aims and purpose of the Charity are set out in the governing document, which states that= The aim of the charity is to promote the arts for public benefit, in particular music and to advance public education and appreciation of music in London by providing an annual music festival in 81ackheath, London and/or other music events and/or educational outreach programmes. 3 Trustee's Responsibillties The Trustees are the people responsible for controlling the work. management and administration of the charity on behalf of its beneficiaries. Chairman - Christopher Butler The London International Festival of Earl Music CIO CHARITY NUMBER 11 0603 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LONDON INTERNATIONAL FESTIVAL OF EARLY MUSIC CIO I report on the accounts of the charity for the year ended 31st December 2023, which are set out on pages 4 to 9. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144121 of the Charities Act 2011 (The Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 14515llbl of the Act, whether particular matters have come to mv attention. Your attention is drawn to the fact that the charity has prepared account5 in accordance with Accounting and Reporting by Charlties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Flnancial Reporting Standard for Smaller Entities IFRSSEI is in preference to the Accounting and Reportin8 by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulatlons but has since been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view In a¢cordance with the Ger¢erally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those record5. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matter5. The procedures undertaken do not provide all the evldence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. he Lon HARI on Intern tlon l Fe MBER 119060 tlval of Earl Muslc INDEPENDENT EX EARLY MUSIC CIO MINE REP RT THETR TEE F THE LONDON INTE ATI NAI FESTIVAL INDEPENDENT EXAMINER'S STATEMENT In connectlon wlth my examlnatlon, no matter has come io my attentlon: 11 Whlch 8lves me reèsonable cause to belleve that In any materlal respect the requlrementS to keep accountlng ￿CordS In accordance wlth sectlon 130 of the Art: and to prepère accounts whlch accord wlth the accountln8 records and to comply wSth the actountlng requlrements of ihe Act. have not been met; or 21 To whlch, In my oplnlon, attentlon should be drawn In order to enable a proper understandln8 of the accounts to be reached. CRASL Saxmundham The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 STATEMENT OF FINANCIAL ACTIVITIES For the year ended 315t December 2023 2023 Total 2022 Total Unrestrlcted Notes Income and endowments from Voluntary Income.. Donations and lettings Activitiesfor generotingfunds.. Charitable activities Investments 14,750 14,750 24,388 51,654 51,654 60.008 Total income and endowments 66,404 66,404 84,396 Expenditure Cost of generating voluntary income Charitable activities 129,123 129,123 139,429 Total expenditure 129,123 129,123 139,429 Net movement in funds -62,720 -62,720 -55,033 Balance brought forward -112,632 -175,352 -112,632 -175,352 -57,599 -112,632 All of the Charity's activities are classed as continuing. The Charity has no recognised gains or losses other than those shown above. The notes on pages 6 to 9 form part of these account5. The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 BALANCE SHEET AS AT 315r DECEMBER 2023 2023 2022 Notes Current Assets LIFEM bank account Debtors and prepayments 1,883 5,195 6,599 5,315 7,078 11,914 Current Assets Trade creditors Accruals 7,360 480 7,840 194 384 578 Net current assets 762 11,336 Long term liabilitles J. Wood & Sons 174,591 -123,967 Net assets 175,352 -112.631 Funds General Fund 175,352 -112.632 175,352 -112.632 Approved by the Board of Trustees on 26th September 2024 and signed on its behalf by.. Chairman hristopher Butler The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 NOTES TO THE ACCOUNT For the year ended 31st December 2023 I - ACCOUNTING POLICIES 8asls of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charties: Statement of Recommended Practice and in accordance with the Financial Reporting Standards for Smaller Entitie5 leffective January 20151 and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accountin8 accounting policy note. The financial statements have been prepared to give and 'true and fair, view and have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view. Thi5 departure has involved following Accountin8 and Reporting by the Charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRSSEI issued on 16 July 2014 rather than the Accounting and Reportin8 by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. Preparatlon of accounts on a 8olng concern basls The assessment of the trustees is that the charity Is a going concern. Income All incoming resources are included on the Statement of Flnancial Activities when the charlty has sufflcient certainty that receipt of the income is probable and the amount can be measured reliably. Expendlture Expenditure is re¢o8nised once there is a legal or constructive obligation to make a payment to a third party. It has been classified under headlngs that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a ba sis consistent with the use of resources. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. Grants offered subject to conditions which have not been met at the year end date are note5 as commitment but not accrued as expenditure. The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 NOTES TO THE ACCOUNT For the year ended 31st December 2023 Voluntary Income All donated income is included in income on receipt where the donor requires that the sum is to be treated as income in future accounting periods. Investment Income Interest received is included when receivable. Fixed Assets Depreciation is provided on fixed assets at rates calculated to write off the costs, less estimated residual value. or each asset over its expected useful life as follows'.- Furniture, Fixtures and Fittings- 15% on reducing balance Stock Stock is valued at a lower of cost and net realisable value The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 NOTES TO THE ACCOUNTS For the year ended 31st December 2023 2023 Total 2022 Total Unrestrlcted 2- Donations and Legacles Donations 14,750 14,750 14.750 14,750 24.388 24,388 3- Charitable Artivlties Box Office / ticket5 Exhibition revenue Advertising revenue Sponsorship revenue Friends of LIFEM 19,018 14,448 4,108 13,000 1,080 51,654 19,018 14,448 4,108 13.000 1,080 51,654 16,626 13.927 10,805 17,750 900 60,008 4- Charitable Activities Artist fees Venue hire Furniture hire Transporting Instruments Steward fees Refreshments Filming Photography Commission fee Instrument Hire Exhibition specific printing & stationery Direct expenses Advertising & marketing Accountancy Bank charges Systems Postage IT software & consum3bles Freelance salaries Subscriptions Travel - National & international Subsistence Currency gains/losses 9,680 12,825 610 2,370 2,714 4,787 29,986 1,736 4,000 2,220 7,107 830 9,680 12,825 610 2,370 2,714 4,787 29,986 1,736 4,000 2,220 7,107 830 14,150 95 66 941 18,890 12,371 599 3,609 1,940 34,086 1,700 5,000 1,825 4,989 1,664 10,408 324 165 io 128 849 34,000 80 5,912 839 40 139,428 14,150 95 66 941 25.000 80 9,170 756 25,000 80 9,170 756 129,123 129,123 The London International Festival of E rl Music CIO CHARITY NUMBER 1190603 NOTES TO THE ACCOUNTS For the year ended 31st December 2023 5- Debtor5 and Prepayments Debtors Prepayments 195 5,000 5,195 6- Llabllitles: Amounts fallln8 due wlthln one year Trade Creditors Accruals and other credltors 7,360 480 7.840