NASH CONCERT SOCIEfi TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registered Chaiity No: 255017 NASH CONCERT SOCIEfY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 LEGAL AND ADMINISTRATIVE INFORMATION Trustees: Michael John { Chaimian) Amelia Freedman CBE, FRAM, FRSA Hon D Mus William Lyne CBE, AM Rc￿neY Slatford OBE. FRNCM, Hon RCM Laoy Primrose Bell Sir Stsnley Bumton Salty Groves MBE lan BrcAvn ( resuned ) Artistic Director Freedman CBE. FRAM. FR￿ Hon D Mus Principal Offic8: 14 Cedars Ck)5e Hendon. London. NW4 1TR Independent Examiner. Lewis Asswates Chartered Certrfied Accountants 75 Coniston Gardens London NW9 OBA Main Banker National Westrninster Bank P 12 Station Parade wille￿Ien Green Londo NW2 4NN NASH CONCERT SOCIETY TRUST FINANCIAL STATEMENTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their rewrt along the financkql statements of the tharity for the year ended 31st March 2024. The financial ststements have been prepared in xcordance with the accounting policies set out on page 7 and cornpty with the charrws trust deed and applicable Constitution and objects The Nash Concert s￿ety Trust is constiluted under a trust deed dated 16th Febwary 1W and is a registered charity no.. 255017. The main obi* of the charity are.. Assisting the perfomiance of musKal works of the h￿hest qualty at home and abroad. Promoting the devdopment of musical appreck8￿On by the general publ￿, by commissioning of new works and perfomiance of unusual and sometimes rarety perfomed repertoire. The advancement of musical edu￿"an in general. Organisation A board of trustees of up to 8 members. who meet a year administers the charity. An Artistic Director is appointed to markage the day-t¢>day operations of the charity. Review of activities The Nash continued their coliat(Jration with the 14ifb3more hall a5'Resident Chamber Ensemble.. This has included education events such as open rehearsals. talks and film showings. as well concert collaborations. The main series during the 202>24 season at Wigmore Hall hfds entitled "From My Homeland- Music from the Czech Lands with works by Brahms-. The Sefies Showc&￿ s(Mne of the most vibrant, imaginative and unsual works written in the 1800s and 19008, as well as MUS￿ by Johannes Brahms- frEnd and champion of Antonin Dvorak. The Series also included a day of concerts. films and talks dediGated to the viclims of the Theresienstadt COn￿ntratIon Camp btheen 194145. The annual Nash Inventions concert on 26th March 2024 at WwJmore Hall fomied part of a celebration of the lrfe and work Harrison Bithsue (1934-2022). We ￿ntInued our collaboration Side by SKle th Rordl Academy of Music's instrumentsl players and composers. Nash players Masdair Beatson I piano) and David Adams I vida) cx)ached the students and then took part in the 'Side by Side. concert on 26th March 2024 at WigM￿e Hall. The Nash ComMiss￿ned composers Mary Offer and Toby Amderson to write n8w piece for the cCccas￿n. Mary Offer, RAM student comwser, $8id 'The Nash EnSeM￿e were wonderful to work with. and I particuLgdy enjoyed working dire¢tty with David Adams". r( was amaing and very inspiring lo be ab￿ to discuss compositional ideas with a professional violisL as a violist mysdf. It was wonderful to be able to rehèarse the piece with the perfomiers and ￿llaborate both with Nash perfomiers and very talented Academy musicians. The opportunity to have a piece premiered at the Wigmore Hall has been phenomenal at this stsge in my career. and incredibly inspiring for my future work as a ciNnpw." HLW Boucher, RAM skndent instrumentalist . said'The Nash enswnble promded me wrth an invaluable experience. not only was Ti incredible lo perforni al the Wigmore Hall, but also to F4ay new works vthich I wasn't aware of. Rehearsals also were incredibly interesting and useful as I leamt whays ewt8d at the professional standard and h¢)w professionals rehearse. Plawng the new works realty expand&J my horizons to ne•V music and I found a new interest in new music." The Nash recorded a CD of works by Debussy for HYpe￿n Rwds. In a fvfrstar remew, The Times said"Under the ￿reful control of its ¢(￿foUnder, Amelia Freedman, the suave atvj tK)UYdnl nash Ensemble has been enhancing our lives for so many ye8rs160 to be exacll that iys easy to take the group's accomplishments for granted. This Debussy album sharply reminds us why we shoubjnl". NASH CONCERT SOCIETY TRUST FINANCIAL STATEMENTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 {coKfiNUED) Roview of activities ( continued) Other hEghlights in the season induded concerts at the Bath Mozartfesc Queen's Hall Edinburgh, and a INe BBC Radio 3 broadcast from LSO St Luke& The Nash Twitter { X) account is still experty managed by &rzabeth menaes.and the Friends of the Nash continL¢ed their enthusiastic and invaluable support of the Group. &IMinster￿ by Leor Segal, wth financial help towards the cor￿rtS and comrnissions. l ￿ntinue to be Invalu*￿ SUFvrybJ by our administrator Mathew Brailsford. Once again my grateful thanks go to all the trLtstees of the nash cOn￿rt Swety for their continuing and unwaverimg support and thice. Law applicable to charibes in England and Waks requires the trustees to prepare financial statements for eath financial year which gwe a true and fair vi•v of the thatrtls finanei81 athities during the year and of its financial sition at the end of Ihe year. In preparing those fThncial ststements. the trustees are required to.. select suitable accounting ￿[￿leS and then awjty th￿Tr consi*enty,' make judgements and estimates that are reasonable and prudent.. state whether applicable a¢￿untIng stsndards and statements of recommended practices have been folbwed subjed to any departures disclosed and explained in the financial statemerts". and prepare the financial statements on the going COn￿M basis unless it is irw)prcpriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records whith disGknse Trasonable accuracy at anytime the financial position of the charity and ella￿e them to ensure that the financial statements complywith the Charities Act 1993. They are also resrM)nsible for safeguarding the assets of the charity and hence fortsking reasonable steps for the wevention and detection of fraud and other irregularibes. If l. /-.( Michael John Lewis ( imian) NASH CONCERT SOCIEfY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES NASH CONCERT SOCIEff We report i)n the accounts of the trustfor the year ended 31st Marth 2024, which are set OLrt on pages 5 to 8. Respoctive R8sponsibilitses of Trnytees and Examiner As the charitys trustees you are resp)nsible for the preparati¢M of the accounts, you consider that the audit fequirements of sectton 4312} of the CharTiies Act 1993 (the Act) does not apply. It is our responsibility to state. on the basis of procedures specrfied in the general dIr&￿n gNen by the Charity Commissioner5 under Section 43 {7}{b} of the Act, vthether parti(yJlar matters have CLMne to our attention. 8ass8 of Independent Examiners, Report Our examination was carried out in accordan￿ wrth the general directic￿S given by the Charity CommissK)ners. An examination indudes a review of the accounting t￿rdS kept by the charity and a comparison of the a¢wunts presented with these records. It also indudes ConS￿e￿￿on of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees conceming any SL5ch matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequenty, we do not expTrss an aLKlit opinion on the view gtven by the accounts. Indepgndent Examinern. Statement In connection with our examination, no matter has ccme to our attention wh¢ch gives us reasonable cause to ￿lIeVe that in any material respect the requirements. to keep accounting records in accordance with section 41 of the ACL and to prepare account5 which accord with the accountin9 records and to compty with the accounting required of the Act have not been met or 2 to which, in our opIn￿lA. attention shoukj b? drawn in order to enab￿ a proper understsnding of these accourrts to reached. Lewis Associates Chartered Certrfied Accountsnts 75 Coniston Gardens London NW9 OBA NASH CONCERT SOCIEfY TRUST STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total Funds 2023 Total Funds Incoming resources: Charitable Activitias Donations and Grants Sale of concert tickets 102,700 92.3 92,718 91,301 Total Incoming rgsources Resources expended Charitable Expenditure Artists fees including tour Administrative fees Hire of Hall Hall Extras Rehearsal rocln hire Brochure leaflets and progfftmme ¢osts Music hire & produdion costs Harp & Bass Porterage Box office commission Programme sale commiSs￿1ft PRS Concert Manager fees Music commission fees Public relation Costs Program notes and tslks R￿ptIOnS Travel and subsistence for arbsts. cc*nposers & tours 97,013 12,922 9.000 2.545 3,780 8.190 2,830 338 19.OSO 3.714 809 3.040 8.000 6.452 2,931 924 4.370 91,054 24,817 7.375 3.080 5,202 6.351 1,989 313 16,697 1,260 632 2.175 4.000 2.281 2,835 1,121 4,459 185,9J8 175641 Govemance costs Acwuntancy fees Postage .s1at￿nery, teleph(￿e & intemet Bank charges 1.735 3.76G 110 5.605 1.735 3.419 5,218 Total resources expend 191,513 180,859 Net in￿ming resources l( Expendlturg) 3,160 3.160 l Deficit} I Surplus balance 1 April 2023 {Deficit> ISurplu6 balance 31 March 2024 Incoming resources and rèsu￿.ng net movement in funds in each year afise from continuing operations. The charity has no recognised gains or losses other than the net movttnent in funds for the year. The notes on pages 8 and 9 fotm part of these financk?I st*ments. NASH CONCERT SOCIEfY TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Current Assets Debtors 19,165 Cash at bank and in hand 65.204 59,905 65,204 79,070 cr8d1t0￿. Arnounts falling due within one year (51,811) (69.01n 13.213 10,053 Creditors: Amounts falling due after more than one year Loan 139.730) {39,730) Not Assets 2024 2023 Fund8 Unrestricted funds- Ir￿lme Approved by the Board ofTrustees on ' and svJned below r)n tis behalf by i&/-/- Michael John Lewis ]fj haimian} The notes on pages 8 and 9 form part of these financial statements. NASH CONCEFrr SOClEff TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 1 Principal accounling policigs Accounting convention The financial slalernents are prepared undet the historical cost ￿nVentiOn and in accordance wth the Financial Reporting Standard for Smaller Charitses. In preparing the financol stalements the Charity foltows best practices as laid down in the Statement of Recommended P[acti￿. AcccAJnting and Reporttng by Chariknes issued in Marth 2005. Donations and grants Incorne from donations and grants are recognised in full in the Ststement of Financial Activib"es in the year which they are receivable. Charitable trading activities Income from theatre admsssion fees 15 inthd￿ in inc(ming resour￿ in the Fericmj in which the relevant shcvi takes place net of VAT Resources expended Resources are included in the Statement of Finanoal Actsvib"es on an a¢¢rual basis nel of any VAT that can be recovered. Restricted, unrestricted and designated funds Restricted funds are incoming resouTces recewj or generated for specffic purpc6es as L4id down by the donors or the terms of the appeal. Expenditure which meet these crrteria is allocated against the fund. Unrestricted funds are donations and othef incoming resources received or generated for general charitable purpos¢s. Designated funds are funds set aside by the Trustees out of unrestrthd funds for specffic future purposes or projects. 2024 2Q23 2 Donations and Grants Wigmore Trusl Grant Wigmore Commission fees Siemens Foundation Dr ShIr￿Y Ellis John S Cohen Foundab'on RVW TST M J Lewis Grant Miss K E Spen The D 0￿Y Carte Grant Gaffick Charitable Grant The Boltini Trust BIS Royalties settlement Friends of Nash Ensemble and other donations 38.330 4.200 7,340 20,000 38,330 5.319 14.000 4,000 1,SOO 5,000 5.000 5,000 2.000 2,000 3,000 11,195 5.635 102,700 19.569 92,718 NASH CONCERT SOCIETY TRUST NOTES TO THE FINANCIAL STATEMENTS_ eontinued FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 3 DgbtOf5 Debtors 4 Creditors: amount8 folling due within one year 2024 2023 Trade Creditors Accruals 48,341 62,238 6779 51,811 69,017 5 Creditors: amounts falling duo after more than one year 2024 2023 Trustee's loan 39.730 39,730 The above principal loan by a trustee Is unseKured aThJ does not carry any interest The trustee has also pledged not to seek a repayTnent unless the So• discontinLES its acbwbes or is wound up. The artistic director foi all the o)n¢erts perfomied by the Nash Players 81so a trustee. Fees accnjed for this work was £NIL12023- £NILI.