The London International Festival of Early Music CIO CHARITY NUMBER 1190603 STATEMENT OF ACCOUfrtrs For the year ended 31st December 2024 The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 ESTABLISHED BY DEED Registered Addre55- Stanway Green Farm Worlingworth Suffolk IP17 2NL Chair Christopher Butlei Trustees Anthony Millyard Carolin-Alexandra Barnfield Susannah Simons Independent Examiners= CRASL Carlton Park House Carlton Park Industrial Estste Saxmundham Sufftslk IP17 2NL The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 srATEMENT OF ACCOUNTS Forthe earended 31st December 2024 INDEX Page TRUSTEE'S REPORT INDEPENDENT EXAMINER'S REPORT 2to3 STATEMENTOF FINANCIALACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS 6t09 The London International Festival of Earl Music CIO HARITY N MBER 1190 ESTABLISHED BY DEED TRUSTEE'S REPORT FOR THE YEAR ENDED 31st December 2024 l Governing Documents and Background The London International Festival of Early Music CIO 15 a charity registered with the Charity Commission for En8land and Wales with charity number 1190603 {the Charity). It wa5 e5tsblished on the 28th July 2020. ? Alms and Purpose The aims and purpose of the Charity are set out in the governing document. which states that: The alm of the charity is to promote the arts for public benefit. in particular music and to advance public education and appreclatlon of music in London by providing an annual music festival in Blackheath, London andlor other music events andlor educatlonal outreach programmes. 3 Trustee's Responsibilities The Trustees are the people responsible for controlling the work, management and adminlstration of the charity on behalf of its beneficiarie5. Chairman - Christopher Butler Tru5tee- Antony Millyard The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 INDEPENDENT EXAMINER'5 REPORTTO THE TRUSTEES OF THE LONDON INTERNATIONAL FESTIVAL OF EARLY MUSIC CIO I report on the account5 of the charity for the year ended 31st December 2024, which are set out on pages 4 to 9. RESPECTIVE RESPONSIBILITIES OFTRUSTEES AND EXAMINER As the charlty's trustees you are responsible for the preparation of the accountstr you consider that the audit requirement of section 144121 of the Charities Act 2011 (The Artl doe5 llot apply. It 15 my responsibility to state. on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 1451Sllbl of the Act, whether particular matters have come to my attention. Your attention is drawn to the fact that the charity has prepared accounts in accordante with Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014. the Financial Reporting Standard for Smaller Entities IFRSSEI is in preference to the Accounting and Reporting by Charities: Statement of Recommended Practlce issued on l April 2(K)5 which is referred to in the extant regulations but has since been withdrawn. l understand that this has been done in order for the accounts to provlde a true and fair view in accordance with the Generally Accepted Accounting Procticè 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 a comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts. and seekin8 explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the view given by the accounts. The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 INDEPENDENT EXAMINER'S REPORTTOThE TRUSTEES OFTHE LONDON INTERNATIONAL FESTIVAL OF EARLY MUSIC CIO INDEPENDENT EXAMINER'S StATEMENT In connection with my examination, no matter ha5 Come to my attention.. l) Which glves me reasonable cause lo believe that in any material respect the requirements to keep accounting records in accordance with sertion 130 of the Act- and to prepare accounts which accord with the accounting records and to comply wlth the accounting requirements of the Act. have not been met; or 21 To which, in my opinion, attention should be drawn In order to enable a proper understandlng of the accounls to be reached. CRASL Saxmundham The London International Festival of Ea Music CIO STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st December 2024 2024 Totsl 2023 Total Unrestrirted Notes Income and endowments from Voluntory Income.. Donations and lettings Artivitiesfor generatingfund5.' Charitsble activities Investments 149.484 149.484 14,750 50,832 50,832 51.654 Total in￿rne and endowments 200,316 200,316 66,404 Expendlture Cost of generating voluntary intome Charitable artNities 146.505 146.505 129,123 Total expendtture 146,505 146,505 129,123 Net movement in funds 53,811 53.811 -62,719 Balan￿ brought forward -175,352 -121,541 -175,352 -121,541 -112,632 -175,352 All of the Charity's activities are classed as continuing. The Charity has no recognised gains or losses other than those shown above. The note5 on pages 6 to 9 form part of these accounts. The London International Festival of Ear RITY N MBER 11 Music CIO BALANCE sHE￿AsAT 31ST DECEMBER 2023 2024 2023 Notes Current Assets LIFEM bank account Debtors and prepayments 18,015 3.307 1,883 5,195 21,322 7,078 Current Assets Trade creditors Accruals 7,679 480 8,159 7,360 7.840 Net current assets 13,163 -762 Long temi liabilities J. Wood & Sons 134,704 174,590 Net assets 121,541 .175,352 Funds Genernl Fund 121,541 -175,352 121,541 -175,352 Approved by the Board of Trustees on 25th September 2025 and signed on its behalf by.. Carolin-Alexandra Barnfield Susannah Simons The London International Festival of Earl Music CIO ITYN NOTES TO THE ACCOUNT Forthe year ended 31st December 2024 I- ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting bv Charties: Statement of Recommended Practice and in accordance with the Financial Reporting Standards for Smaller Entities leffective january 20151 and the Charities Act 2011. Asset5 and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting accounting policy note. The financial statements have been prepared to give and'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2¢)08 only to the extent required to provide a 'true and fair view. This departure has involved following Accounting and Reporting by the Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRSSE} issued on 16 July 2014 rather than the Accounting and Reporting by Charities- Statement of Recommended Pradice effectrve from l April 2005 which has since been withdrawn. Preparatlon of accounts on a going concern basis The assessment of the trustees is that the charity is a going concern. Income All incoming resources are included on the Statement of Financial Activities when the charity has sufficient certainty that receipt of the income 15 probable and the amount can be measured reliably. Expenditure Expenditure is recognised once there is a legal or construrtive obligation to make a payment to third party. It has been classified under headings 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 notes as commitment but not accrued as expenditure. The London International Festival of Earl Music CIO CHARITY N MBER I NOTES TO THE ACCOUNT For the yearended 31st December2024 Voluntary Incorne All donated income is included in income on receipt where the donor requires that the sum is to be treated as income ir¢ future accounting periods. Investment Income Interest received is included when receivable. Flxed 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. Fixture5 and Fittings- 15% on reducin8 balance Stotk 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 2024 2024 Total 2023 Total Unrestricted 2- Donatlons and Legacies Donation5 149.484 149,484 149.484 149,484 14,750 14.750 3- Charltable Acti¥ities Box Office I tickets Exhibition revenue Fundraisin8 Income Advertising revenue Sponsorship revenue Friends of LIFEM 21,289 10,290 21.289 10,290 540 4.868 13,000 845 50,832 19,018 14.448 4,868 13,000 4,108 13,OLNJ 1,080 51,654 50,832 4- Charttable Activities Artist fees Venue hire Fumiture hire Transporting Instruments Steward fee5 Refreshments / Subsistence Filming Photography Commission fee Instrument Hire Exhibition specific printing & statlonery Direct expenses Advert15ing & rnarketing Accountancy Bank charges IT software & consumables Freelance salaries Subscriptions Travel - National & International Currency gainsllosses 14,960 13,923 753 14,960 13,923 753 9,680 12,825 610 2,370 2.714 5.543 29,986 1,736 1.789 6,940 31.963 1,789 6,940 31.963 262 360 8.156 2,159 16,027 400 iio 262 360 8.156 2,159 16,027 400 iio 2,220 7,107 830 14.150 95 66 941 25,lJ)O 952 952 33,715 33,715 14,008 29 146,505 14,008 29 146,505 9,170 129,123 The London International Festival of Earl Music CIO CHARITY NUMBER 1190603 NOTES TO THE ACCOUNTS For the year ended 31st December 2024 5- Debtors and Prepayments Debtors Prepayments 3.307 3,307 6 - Liabilitie5: Amounts falling due within one year Trade Creditors Accruals and other credltors 7,679 480 8,159