## **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.**|
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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|
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**Names of the charity trustees who manage the charity**
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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|||
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## – 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**|||
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## **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**