2022-09-30-accounts

Penarth Chamber Music Festival Itnthh i'.hmbcr Mi. Irti Income & Expenditure Ststem8nt October 2021- Septemb&r 2022 TOTAL Iwmè Charity t)x ¢SJnatk 5,010. 8.920. Grant Programma Trkei saJo8 TfA•i Irwr• 12,708.49 12.43 TOTAL I27￿72.43 Exp•ndrturo8 AthortblWPrtyDolonal 84nk char Caigrinq CornmbBbn f•• ¥h39.10 134.16 1,064.50 ' 176.80 Ffont ol Hou¢• 70.00 405.51 InBurarK•8 Musk hlre Mu6thn10•8 180. 15,434.48 e&3.12 1,032.58 55.19 1,507.50 425. 1.333.C6 57.84 7S.00 •xpon808 travd •xpon8•8 Othc•lG•rwd IAlmlnl8trnJv• Exp•n Pbno movg Pthi Tunlrs Prlntlr•, Posiagg and Statknwry Shwt Mu8 Tr￿n￿r V•nu• Hlr NET OPERATING INCOME £2,4￿.59 E2N34.59 NET INC¢)MEIIEXPEN0￿uREl Esw G￿up 0fcrthp￿KS Registra1￿ nurtw Y)774&5 Re9islered office.. Vhya Hwse 7 Hwt*rt Terr￿. Pfj￿rtb CF84

Trustees’ Annual Report for the period

From 17/09/2021 Period start date To 30/09/2022 Period end date

Charity name: Penarth Chamber Music Festival

Charity registration number: 1195835

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance education in, and raise public appreciation of music and other arts, principally through, but not limited to the delivery of an annual festival, concerts, performances and workshops
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 charity delivered its annual festival June 23-26 2022 including 13 events and 5 workshops in local primary and special schools. There was also launch concert on April 6th.
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 understood the guidance issued by the Charity Commission on public benefit

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SORP reference Para 1.38 Policy on grant making

			The festival visited Ty Gwyn and
		Para 1.38	Meadowbank special schools to give
	Policy on social investment		short workshops to the children. The
	including program related		children were very engaged and we
	investment		received excellent complimentary
			feedback from the schools. Some of
			these children also attended our Relaxed
			Concert along with several other
			audience members with special needs.
			We had 60 people in the audience for
			this event.
			We also held workshops in Albert and
			Evenlode Primary Schools which
			enabled them to be involved in a creative
			writing project and composition and
			performance in the Family Concert.
			These were led by Lenny Sayers who
			also received excellent feedback from
			the schools. Attendance at the Family
			Concert during the festival was also
			better than previous years.
			There were 15 volunteers who help the
		Para 1.38	running of the concerts and events
	Contribution made by		during the festival. Mostly young people
	volunteers		including music students from RWCMD
			and Cardiff University enabling them to
			gain experience of concert promotion
			and delivery.
	Other
Achievements and Performance
		SORP reference
			Aside from the work in the schools and
			special schools the charity brings chamber
			music concerts of the highest artistic integrity
	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	Para 1.20	to the audience in Penarth and the surrounding area. The Vale of Glamorgan and Cardiff had relatively little provision for this form of music making until the festival started in 2014. Now the concerts are sold out with approximately 1300 tickets sold over the 4-day festival. We aim to keep the programming unique and challenging and the artists of the
	whole.		highest calibre, mixing our fantastic local
			musicians with musicians from further afield.
			We attract an audience of mixed age range
			with around 15% of our audience being under
			25 (encouraged by our free ticket scheme for
			8-25 yr olds, sponsored by Cavatina Chamber
			Music Trust).
			Our work during the pandemic of bringing live
			music into people’s homes through our live
			streamed concerts provided an extremely
			beneficial lifeline.

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Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41	Our fundraising was better than expected with the phase 3 cultural recovery fund being very helpful and our new charitable status enabled us to apply to some local grant giving trusts.
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	We finished the period with a small reserve £2,434.59 (9.5% of turnover).
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	As we are reliant on ticket sales and grant applications for our income it is crucial we hold a small reserve.
Amount of reserves held	Para 1.22	c.£6,000
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

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The charity’s principal sources of funds (including any fundraising)	Para 1.47	Ticket sales £12,708 Donations £5483 Grants £8920 Advertisements £890
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
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	Invitation by trustees

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Policies and procedures adopted for the induction and training of trustees	Para 1.51	New trustees are required to read the safeguarding and privacy policies, as well as minutes of the charity meetings for the previous 2 years.
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	Penarth Chamber Music Festival
Other name the charity uses
Registered charity number	1195835

Charity’s principal address 26 Clive Place, Penarth, CF64 1AY

Names of the charity trustees who manage the charity

	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Rhys Taylor	Chair		~~(if any)~~
	Lisa Entwistle- Evans	Treasurer
	Robert Fokkens
	Geraint Talfan Davies
	Samantha Maskrey
	Catherine Porteus
	Sally Ann Bird
	David Adams

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 rf not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets NIL held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for 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) David Adams

Position (eg Trustee Secretary, Chair, etc)

Date 25/7/23