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2022-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2022 Period start date To 31/12/2022 Period end date

Charity name: London Contemporary Music Festival

Charity registration number: 1193409

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of this CIO are to promote,
improve, develop, sustain and advance
education by encouraging the arts, for the
public benefit, with particular but not
exclusive regard to new music, opera,
dance, film, literature and the visual arts,
both in the United Kingdom and abroad,
through, but not limited to, the presentation
of live events of the highest artistic merit.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 The main activities of this CIO are the
provision and promotion of an annual
festival of contemporary music.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have referred to the guidance
of the Charity Commission on the subject
of public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment

Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Between 15 and 28 June 2022 we
presented a festival in London that took
place at Woolwich Works, as well as
satellite events at the Serpentine Galleries
(24 June) and Wigmore Hall (28 June). We
presented a range of new music,
performance and dance of the highest
quality to large, attentive audiences. The
festival received four-star reviews in the
Guardian_and_Observer. ‘A joyous return’,
wrote Jo Hutton in_The Wire_. The festival
included 18 premieres and 9 new
commissions. Around 3,000 people
attended the festival across the nine
concerts. ‘If you want to binge on all that is
weird and puzzling in cutting-edge music,’
wrote Ivan Hewett in_Prospect_, ‘the London
Contemporary Music Festival (LCMF) is the
place to go’. In this way we believe we
achieved our mission to ‘promote, improve,
develop, sustain and advance’ the
understanding and encouragement of the
arts.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The financial results for the year are set out
in the attached accounts. They show a
surplus of £4,422 for the year. The charity
had reserves of £4,422 at 31stDecember
2022. Total expenditure during the year
was £143,786.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Board undertakes to maintain
restricted reserves to cover any
outstanding work on restricted projects,
where appropriate.
The Board aims to establish free reserves
(unrestricted reserves minus the value of
fixed assets) equating to 25% of the
organisation's annual running costs within
three years. Free reserves currently
represent 3% of annual running costs.
Amount of reserves held Para 1.22 At 31stDecember 2022 the charity held
unrestricted reserves of £4,422. There
were no restricted reserves.
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 The Festival fulfilled all of its financial
obligations during the year, and there are
no legal or other issues outstanding.
We believe there is no reason to assume
the organisation is not a going concern.

Additional information (optional) You may choose to include further statements where relevant about:


The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46

A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Eligibility for trusteeship
(a) Every charity trustee must be a natural
person.
(b) No individual may be appointed as a
charity trustee of the CIO:

if he or she is under the age of 16
years; or

if he or she would automatically
cease to hold office under the
provisions of clause 12(1)(e).
(c) No one is entitled to act as a
charity trustee whether on
appointment or on any re-
appointment until he or she has
expressly acknowledged, in
whatever way the charity trustees
decide, his or her acceptance of the
office of charity trustee.
(d) At least one of the trustees of
the CIO must be 18 years of age or
over. If there is no trustee aged at
least 18 years, the remaining
trustees may only act to call a
meeting of the charity trustees, or
appoint a new charity trustee.
Appointment of charity trustees
(1) Apart from the first charity trustees,
every trustee must be appointed by a
resolution passed at a properly convened
meeting of the charity trustees.
(2) In selecting individuals for appointment

as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name London Contemporary Music Festival
Other name the charity uses LCMF
Registered charity number 1193409
Charity’s principal address Flat B, 10 Inglebert Street,
London
EC1R 1XR

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
RICHARD
EDWARD JOHN
WYATT		 Chair LCMF
Selvi MayAkyildiz LCMF
ValeryGrego LCMF
Elaine Samantha
Mitchener		 LCMF
Igor Nicholas
Istvan Toronyi-Lalic		 Treasurer and
Secretary		 LCMF

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity

Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Igor Nicholas Istvan Toronyi-Lalic Position (eg Secretary, Treasurer and Secretary Chair, etc) Date 25 October 2023

LONDON CONTEMPORARY MUSIC FESTIVAL INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE MUSIC EDUCATION COUNCIL

I report on the accounts of the London Contemporary Music Festival for the year ended 31[st] December 2022.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of examiner’s statement

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 includes consideration of any unusual items or disclosures in the accounts and seeking 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 no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Christopher J Wright, Independent Examiner

80 Sylvan Road, Crystal Palace, London SE19 2RZ

28[th] October 2023

London Contemporary London Contemporary
Music Festival
Balance Sheet
31st December 2022
2022
Current Assets
Debtors, prepayments & accrued income 6,693
Metro Bank 60
6,753
Current Liabilities
Trade creditors 349
Accruals & deferred income 1,982
2,331
Net Current Assets / (Liabilities) 4,422
Net Assets / (Liabilities) 4,422
Representing
Unrestricted reserve brought forward -
Surplus (deficit) for the period 4,422
Unrestricted reserve carried forward 4,422
Total reserves carried forward 4,422

London Contemporary Music Festival

Income & Expenditure 31st December 2022

Income:
Ticket sales
Grants received
Donations
Total Income
Expenditure:
Artist Fees
Hire of venues
Production / technical costs
Travel & subsistence
Equipment hire
Marketing
Administration costs
Total Expenditure
Surplus (deficit) for the period		 2022
23,912
101,811
22,485
148,208
96,919
14,000
13,995
9,483
6,198
1,891
1,300
143,786
**4,422 **

LONDON CONTEMPORARY MUSIC FESTIVAL INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LONDON CONTEMPORARY MUSIC FESTIVAL

I report on the accounts of the London Contemporary Music Festival for the year ended 31[st] December 2022.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of examiner’s statement

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 includes consideration of any unusual items or disclosures in the accounts and seeking 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 no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Christopher J Wright, Independent Examiner

80 Sylvan Road, Crystal Palace, London SE19 2RZ

28[th] October 2023