Trustees’ Annual Report for the period
From 8 April 2022 to 31 December 2022
Charity name: Islington Festival of Music and Art
Charity registration number: 1198568
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charity aims to produce an annual summer festival using various and varied venues throughout the Borough of Islington, London. |
| 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 |
2022 saw the 2nd festival, which was expanded considerably following the successful inaugural Festival in 2021. The 10 day event in July presented 13 events (concerts and other art workshops) which were strongly attended by residents of the Borough and further afield. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees were continually mindful of the festival’s governing document at all times in the lead up to the festival itself, and were pleased that the events were well attended by people under the age of 26, who received completely free entry to everything on offer. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | NA |
| Policy on social investment including program related investment |
Para 1.38 | The Festival brings world-class musicians to perform live at various locations, and coupled with the modest ticket prices and the under 26 free policy, successfully achieved the festival’s social policy, |
| Contribution made by volunteers |
Para 1.38 | The Festival was blessed with a loyal and energetic group of unpaid volunteers of all ages, who ensured a smooth running of all events and a warm welcome to attendees. |
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 | The Summer Festival of 2022 saw 13 live events over a 10 day period, during which many people attended multiple concerts/events at very reasonable cost (free for those under 26) and the overall experience and feedback was that this was a wonderful celebration of live music in beautiful locations, where members of the public were able to listen to a wide variety of musical genres in their local neighbourhood. This enterprise was a new and exciting experience for many people, who expressed their gratitude and promised their continued support for the future. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | The objective from the start was to promote live music (and art) at a world- class level, and to offer the opportunity for residents on the Borough and further afield to experience top level playing and singing without having to travel a large distance to experience it. As such, the objective has been achieved. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | The 2022 Fundraising Concert in December was strongly supported by ticket sales (the event was SOLD OUT) and was enhanced by a generous and very popular Raffle and Auction: the charity’s objective was to move into 2023 with financial security, and this has been achieved. |
| Investment performance against objectives |
Para 1.41 | NA |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The 2022 Festival and Fundraising Concert together raised enough income to support the running costs of the Festival, and give the charity a financial cushion which enables the trustees to plan for 2023 and beyond with a certain amount of confidence and security. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Funds are held to enable strong planning for future festivals and other infrastructural costs. |
| Amount of reserves held | Para 1.22 | £9,000.00 |
| Reasons for holding zero reserves |
Para 1.22 | NA |
| Details of fund materially in deficit |
Para 1.24 | NA |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | NA |
Additional information (optional) You may choose to include further statements where relevant about:
Ticket sales and donations The charity’s principal sources of funds (including Para 1.47 any fundraising) none Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: |
None | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO Foundation 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 | New trustees will be appointed as necessary by a resolution passed at a convened meeting of the charity trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Islington Festival of Music and Art |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1198568 |
| Charity’s principal address | 4 Witherington Road, London N5 1PP |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Mark Johnson | Chair | |||
| Martin André | General Manager | |||
| Joana Ly | Artistic Director | |||
| Frances Hills | Secretary | |||
– Corporate trustees names of the directors at the date the report was approved
Director name NA
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| NA | ||
Funds held as custodian trustees on behalf of others
Description of the assets NA held in this capacity Name and objects of the NA charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for NA 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) Martin André Full name(s) Martin Paul André Position (eg Secretary, General Manager Chair, etc) Date 20 September 2023
ISLINGTON FESTIVAL OF MUSIC AND ART ACCOUNTS FOR THE PERIOD 08.04.22 - 31.12.2022
| INCOME | ||
|---|---|---|
| Brought forward from ACB Account, from 2021 Festival | £ | 3,619.34 |
| Tickets and Ticketing Donations for the 2022 Festival | £ | 7,302.20 |
| Sponsorship, Friends and Other Income | £ | 7,175.05 |
| 2022 Festival Brochure paid adverts | £ | 650.00 |
| December 2022 FundraisingConcert: Tickets,Auction,Raffle & Bar | £ | 1,532.92 |
| Total income for the period 08.04.22 to 31.12.2022 | £ | 20,279.51 |
| EXPENDITURE | ||
| 2022 Festival costs | £ | 2,348.02 |
| Payments to Venues | £ | 1,703.13 |
| Payments to Artists | £ | 6,186.00 |
| December 2022 FundraisingConcert Expenses | £ | 96.42 |
| Total expenditure for the period 08.04.22 to 31.12.2022 | £ | 10,333.57 |
| Net profit for the accounting year | £ | 9,945.94 |
| Opening Balance as of 08 April 2022 | £ | - |
| Closing Balance as of 31 December 2022 | ||
| Lloyds Bank Treasurers Account, 30-96-26 79580560 | £ | 945.94 |
| Lloyds BB Instant Online Savings Account,30-96-26 82009668 | £ | 9,000.00 |
| Total | £ | 9,945.94 |
Accounts for CIO No. 1198568, registered 8 April 2022 prepared by Martin André, 20 September 2023