## **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:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
- have not been met; or
2. 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:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
2. 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