The Manchester Mid-Day Concerts Society Registered Charity Number: 224723 Financial Statements For the year ended 30 April 2025 CONTENTS PAGE NO. Trustees. Report Independent Examiners Report Statement of Financlal Activities Balance Sheet Notes to the Accounts 8-10 PAGE I The Manchester Mid-Day Concerts Society Registered Charlty Number: 224723 Trustees, Report For the year ended 30 Aprll 2025 The Trustees present their report wrth the financial statements of the Charity for the year ended 30 April 2025. The Trustees have adopted the provision5 of Accounting and Reporting by Charities- Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertwe l January 20191. The Manchester Mid-Day Concert5 Society is an unincorporated association governed by a constitution dated l Ortober 1992 and is a registered Charity INo.2247231. Its addres5 15 9 Hurst Avenue. Cheadle Hulme. Cheshire, 5K8 7PQ. Objective5 and Actlvltles Objertlves The Charrty is established to provide mid-day concerts on a seasonal basis and to promote music generally in Manchester. The Trustees have considered the Charity Commission's public benefit requirement. The ChariWs concerts are open to anyone with an interest in music and no restriction5 on attendance appty. The Charity gives concert opportunilies to youn8 and emerging artists both through its pro8ramme of auditions, and by giving contert dates to a small number of prize winners from major music competitions. The Charity is now working to create new programmes to provide development opportunities to musicians pursuing a career in music. Achlevernent5 During the year the Charity promoted 17 toncerts. The number of people who attènded a concert during the year was 5,61512024: 5.1581, a 9% increase on the prevlous year. We are delighted that audience numbers have continued to build over the season, and we feel optimistic they can be increased further. A total of 10 concert dates were given dlrectly to young artists successful in the audition process and a further 3 dates to youn8 artists by invitation. Work started to devlse and launch a new project to provide opportunities to comp05ers to create and develop new muslc. The planning and initial work on delNery started this year. A project to create a new brand identity for the Charity and concert series was started in the year. The work will be completed in time for the promotion of the 2025126 season of concerts. Total Income for the yearwas £68.83012024- £65.1431 and total expenditure £74,57112024: £61,IIXJI. The deflcit for the year was £5,74112024: surplus £4.0431. The balènce of the Reserve Fund at 30 April 2025 was £311.610130 April 2024: £317,351>. All reserves are classed as unrestricted. It was necessary to defer £2.rJyJ of sponsorship income re￿Ived in the year because we have not yet promoted the relevant concerts. These funds will be released in 2025126. The attached finantial statements show the income and expenditure for the year and the state of the ChariV5 finance5 at 30 April 2025 which the Committee considers to be sound. Future Developments We will promote 17 concerts in the 2025-26 season wrth 11 of the artists and ensembles coming directly from the audition process. A further 4 young artists have been selected from prize winners in major UK based music competitions. We are delighted to have been able to put together a diverse and in5pirin8 programme which we hope will be popular with audiences. We will promote this season of concerts using the new brand identity of Manchester Midday Music. We will run another programme of auditions for the 2026127 season in the autumn of 2025. PAGE 2 The first project in our composition programme New Music in the North West will be completed in June 2025. Four composers based in the North West of England will have the opportuntty to develop and record their new compositions by working with a professional string quartet and mentor at workshops to be held in Manchester. Friends and Supporters The Trustees are extremety grateful to the indwidua15 and organisations that continue to support our artivities. The Trustees thank all Friends of the Middays and supporting Trusts. Companles and Individuals for their donations. sponsorship and bequests. Structure. Governance and Management GovÈmin8 document The Charity is controlled by its governing document, a deed of trust and constttutes an unlncorporated charitv. The 8oard of Trustees The Trustees are selected from various walks of lrfe in the Manchester area with an interest in the Charity's activities - business people* professional musicians. audience members and educationalists. The Trustees met three times during the vear. Tiustee Responslbllltles The Trustees are responsible for preparing the Trustee5' Report and the Financial Statements in accordance with applicable law and United Kin8dom Accounting Standards Iunited Kingdom Generalty Actepted Accountin8 Practlcel. The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for e8ch financial year which give a true and fair view of the stste of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparin8 these financial statements. the Trustees are required to- select sultable accounting policies and then apply them consistentlyi observe the methods and principles in the Charrties SORP- make judgements and estimates that are reasonable and prudent; state whether applicable accountin8 Standards have been followed. subjectto any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume thot the Charty will continue in operation. The Trustees are responslble for keeplng accounting records that dis¢Fose wrth reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charrty (Accounts Reports) Regulation5 2(A)8 and trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees and members of the Management Commrttee were: R Martindale (Chairl D Atherton K Humphreys MBE (appointed 6 Ortober20251 N Hurley Iresigned S June 202SI BLam C Norton lappointed 27 July 20241 H Parker A Sluce A Tabron (Treasurer) C Webb C Yates (resigned 6 March 20251 PAGE 3 Bankers- National Westminster Bank PLC 438 Barlow Moor Road, Chorlton cum Hardy, Manchester, M21 ONW Independent Examiner- Adam J Syddall MA FCA- P. B. Syddall & Co Grafton House, 81 Chorley Old Road, Bolton. Lancashi￿. BLI 3A1 During the year the Committee used the services of Mr Simon Parkin as Tts Director of Concerts, Miss Alice Beckwith as Programme Manager, and Ms Emily Marsden as Administration Assistant for the Charity. The Commlttee thank them all for their support in the runnlng of the Charity during the year. Reserves and Investments The Trustees are aware of the importance of retaining sufficient reserves to enable the Charity to continue its operations. They believe that the minimum level of reserves the Charity should hold in order to operate freely, meeting all commitments and delivering future plans is £40k, equwalent to circa 55% of current annual expenditure. The level of reserves is currently more than this fi8ure, and the Trustees consider the Charity's current financial position to be very healthy. ft is the intention of the Trustees to mènage surplus monies in a way that ensures it can deliver maximum benefit on the timescales planned, whilst being mindful of managing interest and capital growth against the risks of capital Ios5. The Trustees have prepared an Investment Policy to help them do this. The objectives of the Charivs investment strategv are to,. ensure that the Charity can meet its short and long term financial commitments,. maximi5e the benefit it delivers from the fundin8 available to it- balance investment income and growth objectives against the risk of capital10s5,' ensure restricted funding received is protected from risk of capital loss. Rlsk Management The Trustees have reviewed the risks to which the Charlty is exposed. The Trustee5 believe that in the last three years significant progress has been made in ￿-buIlding a successful COn￿rt serie5 after the disruptlon due to Covid-19. In the last year we feel good progress has been made to rebuild audience numbers, however, we feel more can be done to further promote the work of the Charity and increase attendance further. The Trustees are focused on activrf(ies to achieve this. As the Charity considers options to expand its work further, new risks may be identified. The Tru5tee5 are committed to evaluatin8 these risks and putting in place mr¢igating actions where necessary. We approve the Financial Statements as set out on pa8es 6 to 9 and confim that we have made available all aCCOLtntin8 records, voucher5, infomiation and explanations fortheiT preparation. R Martindale (Chaifl A Tabron (Treasurer) on behalf of the Trustees Date of approval- PAGE 4 INDEPENDENT EXAmINE￿s REPORT TO THE TRUSTEES OF THE MANCHESTER MID-DAY CONCERTS SOCIETY Independent exarninerfs report to the trustees of the MaTrthester Mid-Day Concerts Society I report to the Charity trustees on my examination of the accounts of the Manchester Mid-Day Concerts Society Ithe Charity) for the year ended 30 April 2025 as set out on pages 6 to 10. Re5ponslbllitles and basis of the report A5 the chartty trusiee5 of the Charity you are responsible for the preparation of the accounts in actordance wlth the requirement5 of the Charitie5 Art 2011 l%he ACYI. I report in respect of my examination of the Charitys accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable directions gwen by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs ststement I have completed my examination. I tonfimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material resped: accounting records were not kept in respect of the Charity as required by section 130 01 the Act- or the accounts do not accord with those ￿(ords= or 3. the accounts do not compty with the applicable requirements eoncernin8 the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2¢Th other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examlnation. I have no concerns and have come across no other mètters in connection with the examination to which attention should drawn in this report in order to enable a proper understandin8 of the accounts to be reached. AJ Syddall MA FCA P B Syddall & Co Chartered Accountant5 Grafton House 81 Chorley Old Road Bolton Lancashire BL13 DATE PAGE 5 THE MANCHEsfER MID-DAY CONCERTS SOCIErY STATEMENTS OF FINANCIAL ACMVITIES FOR THE YEAR ENDED 30 APRIL 2025 UNRESTRICTEO FUNDS Charfty Number ZZ4723 FULL YEAR FULL YEAR 2024 Notes INCOMING RESOURCES Cha e Actpiities Donatlons frorn The FrieThts of the Mi(kday5 Legacies and Bequests 3.760 3.785 142 Ch ctfvllles Concert ReceiF¢S Concert Sponsorshlp Ot￿r Grants Help Musiclans UK 42.335 10.750 37,502 12.550 53 SOPS2 Other In Gift Aid AdvertlSiNd gjbscriptions &ft5 Bank Interest 824 9￿5 10,985 11.164 Total In¢omlni Re%￿ree5 RESOURCES EXPENDED 2.4 3A17 2,041 1,441 475 ¥ert6in8 and PR Subscrtptlons 6,775 3.957 Artlsts. Fees and ExFenses Hall Hlre and Plano Tunlng PRSand Other co￿ert Costs rninistrator, ProBramme Mana8erand CorKert Dlrertor Fees Office Expen5e5 Insurance Other Direct Costs Jdltion Costs New Music in the Northwest Profv Examinerfs Fees Trustee Exrenses 18.350 17P47 1,634 17MB2 16,019 3,529 17.513 532 789 182 634 4.771 354 1,140 414 67,796 57,143 Total ResoU￿e5 Expended 745n 6LIty) NET INCOMINGIIOUTGOINGI RESOURCES . 5.741 Unrestrkted Re5erve5 Brought Forwa 317351 313.308 UNRESTAICTED RESERVES CARRIED FORWARD 311610 317.351 There are Th) rÈ5trirted furhts. The Charity has no other recognised 8air6 or lossesotherthan inthe resLdtsas set out atty)ve. All of the attivthes of the Charity a￿ cL4ssed as Conti￿1￿. PAGE 6 THE MANCHESTER MID-DAY CONCEKfs SOCIETY BALANCE SHEET AS AT 30 APRIL 20Z5 UNRESTRICTED FUNDS harfty ￿mber224723 FULLYEAR 2025 Notes 2024 CUARENT ASSETS Detknrs Cash arKI Bank Balances 6591 312WS 6.939 316,847 319.446 323,786 CURAENTUABIUTIES Credltors 7836 6,435 7￿36 6.435 NEfcuRRENT ASSETS 311,610 317,351 NET ASSETS 317,351 REPAESENTEO BY: Gen2rn1 Fund io 311fi10 317.351 TOTAL FUNDS 311,610 317,351 The financial statements were approved by the Board of Trustees and authorised for issue on and were 518ned on r¢5 behalf by.. R Martindale (Chair of Trustees) A Tabron (Treasurer and Trustee) PAGE 7 THE MANCHESTER MID-DAY CONCERTS soaEWY NOTES TO THE Accoupirs YEAR ENDED 30APRIL 2025 Char6ty Number224723 STATUTORY INFORMATION The MarKhester Ml(PDay Concerts Sockty 15 a re8iSteredcharrty rey5tered ￿ E￿and3ndW3les. Tr ChariV5 regthred and registered office addre55 can be fouThl in tlE RekK*rt ol theTrLtstee5. The presentstion cwreryof t￿rI￿a￿al ststeiwits 15 the Pound l£k ACCOUNTrNG POUCIES Basisof pwarkni the flnancw statements The financi31 statements of the Charity. whl¢h Js a ￿nefft entity uTrJer FRS 102. have been prepared in accordatKe wlth the cha￿t￿S SORP IFRS 1021'ACcoLmi￿aIId Rekw)rtsry ty Charities.. state￿nt of RecommÈThled Pract￿¢ applIcab￿ to charities preparfn8 their accounts in accordartt with the FinarKial Re￿rtIre$1a￿dard a￿[ka1￿e Int￿ UK and Reputrllc of Ireland IFRS 1021 leffectlve I January 20151,, Finar￿131 Rewrtingstsndard 102 Tr FI￿nCIal Re￿mnast3fy￿)rdaprlICa￿e in the UK Republic of Ireland. and the CharitiesAct 2011. The finaKial MateN*nts have prepared uThJerthe cost cotwentlo Crllkal accountsng ludiements and k•y sources of esthiatknn ￿￿ertaInty In the appllcation of the charlty's account1￿ wlicie5 the tnMees are reqwred to makelthry*nts estimates and assumptlonsaLxsut the car￿n￿arn0Unt of assets and Iiat4"16ties that are not readity appareThtfrom othersour¢es. The e5knmates and asg)ciated a55umptbns are based on IwstOr￿al ex￿￿tr￿e31￿1Otherf*rf¢￿ that are cortsidered to Mlevant. Actual resuks may dlfferfrom these estlmates. The estimotes and under￿￿355￿￿tIOns are re¥￿Wed on an Ow1￿ basis. Re￿￿onS to accoLtrttlnK estimates a￿ ￿¢08n[sed in the perlod In whith the estlmate 1$ revised where the re¥l￿on affects ontythat ￿lIOd orln the periodof ¥evi5ion and future perfods where the le￿￿9n afferts t(*th cuThert antlfubjre Feriods. There were ￿ e5tlmates ora$sur￿0￿ wNch I4ve a ygnrftani of Causi￿a rnaterfal adfvstmerrt to t￿ carryI￿a￿unt of a55ets and lIa￿lItIes. In¢om• •nd Donattws Income received for specthc oroEner31 ch3rltst4e wtose$1s fefiected In Its entlrety In Statement of Flnancl•l lciatedwirh corKert50tpntsed the sotlety and [r￿U￿e boththe direct costs and support Costs relatin8to those aCti￿tIeS. The Charity & rKJt re#stered for VAT3￿ Whe￿ aPFdicatle expwthire is indusib* of VAT. Tax8th)n The CF4qrlty is exempt fromtax on its charitable a￿￿*$. Fund A¢£ouniin8 un￿StrICted fundscan te Used in accordarte with charita1￿ obiect¢ves at t￿ dist￿tiorS of the Trustees. Restricted fvnds can used for partiulor restricted sxwp)seswtlhin ￿ obj.ects of tt* CharÉty. Restrictions artse w￿n when specifled bythe dornrorwhenfunds are raised for p3rtyCu1ar￿$triCled pryses. All reserves are cla55ed as unrestrKteda￿I part of a ger%Tr1f￿Xt. Goln8 Q>n¢ern At ihe time of approVIwt￿ aCco￿ts. the TnJstee5 have a reaso￿l￿e eN￿at￿r+that the ChBrTtyhas adequate resourtes to continue in operational eX[ste￿tforthe foreseeaik ftrtWE. Thus the Trustees Cont1rrt￿ to adopt tl* 801n8cor￿ern basis ol attourtingin pre￿rirgt￿ account> PAGE 8 THE MANCHESTER MID-DAY CONCERTS SOCIETY NOTES TOYHE ACCOUNTS YEAR ENDED30 APRIL 2025 Charity Nurnber 224723 CONCERTSPONSORSHIP 2024 The 8ridtewater Hall Brewin Dolphin Brown Shipley C Dodson. A Tabron. A Wilklnson l Tawor The Haworth T¥ust The Terer￿e Judd Tr￿t Ida Carroll Trust The Orchord Trust Klrckrnan Concerts &)clety 2A50 2.200 I,￿0 I,￿0 750 500 1.600 2,500 2,IA)O I,cx)o 10.7Xt 12.550 5portsorsPo'p re¢ewed from tt*se Sporffjo￿ Ios been thfewred aThlwil be irKlwJed in the 2025126 ￿n?￿la1 Ststements INVESThIENT It4COME 2024 Dew5ttarnl 5avln8accofft Imerest vecelved 9135 10,340 ADMINISTIiATOR PROGRAMME MANAGÉR AT40 CONCERT tXREcfoR FEE5 The admlnlstraior, proyamn* mana6eraTrjco￿ert drector fees cornwtse Ih fees by pald to the SOC￿ty.$ adrnlnlstrafjon a551stanL programme manager and eorKtrtdIrertor￿ts provKle services to tr* Cl¥rltyon a sélf employed b8sls. The Charityernplw N) stsff a￿1 tt*re a￿ no salary or tstherstaff dats to rerort. TRUSTEES. REMUNERAnlY4 AND EXPENSES The TnJ5tees of the Charfty are i))t entrtled to receI*arywtn￿r￿￿Ilort fortl*T rok as • Trustee. Octaskonallyout of potket expeiLse5 are reIffll￿r5ed to the Trustees. In ￿ year rKs expenses were relmbjrsed to Trnstees 12024.. nil). T￿re ore no experfjes due to be rein*wsed to anyTrusteÈ in resw of tl* yeai. DE￿OR5 2025 PrepaSd Expenses AccrL*d lrtoft 822 5,769 853 6.CE6 6591 6,939 CASH AND BA14K BALANCES 2024 Accounts ￿ld wth National WestrninslerBan* Fk Cash Sa¥in85 Accounts in ot￿* UK Bath Builfy*5ocieties Petty Cash 72.855 240.IXX) 76B47 240.000 312R55 316,847 PAGE 9 THE MANCHESTER MID-DAY CONCERTS SOCIErY NOTES TOTHE AccouNrs YEAR ENDEO 30 APRIL 202S Charlty Number2Z4723 CREDITOIts Z024 Accrued Expe￿5 Deferred Income OtherC¥ethtors 5.836 5.435 1.000 7,836 10. MoveMENT IN FUNDS N•t Movement In Funds OJI0512024 3010412025 Unrestrfrted fvnds General Fund 317.351 - 5,741 311,610 Total Fu￿$ 317.351 311.610 Net movemeni In fwKts. I￿l￿d in th? ai¥)ve aTeas folbw&' Incomlng ResouT(es Rewuttes Expended Movement In Fund$ Unfestthmd fvnds General Fund 68A30 . 74,571 - 5,741 Total Funds 68,830 - 5,741 Prforyearcomparatfves for ￿veMent ift Movement In Funds OyOS12023 3010412024 Unl•$tyk￿ funds General Fund 3133( 4,043 317,351 Totsl FL#)Js 313J 317351 Net rnovernert infund5, I￿l￿d in the above are asfollow5.' In¢omln¢ Resource5 Rewunes Expended Movement In Funds Unrestrftted funds Ge￿ra5 Fund 65.143 - 61.IC 4.043 Totsi Funds 65,143 4.043 11. RELATED PARTYTWISAcnoNS The Chatityhad no ￿lated partytrartsactionsthat rwired th5d05ure Trnthe finarK￿l 5tateN*ntto 30WI 202512024.. Enlll. PAGE 10