NASH CONCERT SOCIETY TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Charlty No: 255017 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 LEGAL AND ADMINISTRATIVE INFORMATION TNsteg8: Michael John Lewig ( Chainnan) Amelia Freedman CBE, FRAM, FRSA. D Mus { resigned on 1 Aprll 2025) William Lyne CBE. AM Rodney Slafford OBE, FRNCM. H¢￿ RCM Lady Primrose Bell Sir Stanley Bumton Sally Groves MBE Adrian Johannes Brendel &mon James Crawford -Phlli { appointed 4 June 2025) { 8ppointed 4 June 2025) Artlstlc Dlr•ctorn knelia Freedman CBE, FRAM, FRS& Hon D Mus { resigned on1 April 2025} Adrian Johannes Brendel { apwinted 1 April 20251 Simon James Cra￿tyd 4)hilips ( appointsd 1 2025) Prlnclpal OfflG•: Great House Fann East Orchard Shaftesbury SP7 OLQ Indopondant Examlner Lewl$ Assoclales Chartered Cerlified A¢¢wntants 75 Coni$ton Gardens London NW9 OBA Maln 8onk0r National Westrninsler Bank Pk. 12 Ststion Paradè Willesden Green London NW2 4NN NASH CONCERT SOCIETY TRUST FINANCIAL STATEMENTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report along ￿ the financ￿1 S￿￿ements of the eharity for the ended 31 st March 2025. The financi81 statements have been prepared in accordance with the accounting policies set out on page 7 and ccinply with th8 charivs trust de&J and appllcable law. Constltutlon and objects The Nash Concert Society Tr￿st Is constituted under a trust d¢ed dated 16th February 1W and is a registered charity no.. 255017. The main objects of ￿ charity are.. Assisdng the perfomianc* of mustsl vths of the highest qualrty EM)th al home and abroad. Promoting the dèvelopment of rnusical appreciation by th8 general public, by commissioning of new works and perf0mlar￿ of unusual and $omeb"mes raffjty perfomied r8pertoire. The advancement of musical &Jucation in general. Organl$atton A board of truste6s of up to 9 members. who meet a year administers the c*arity. An Arb5tic Direclor is appointed to manage the day-lfyday operations of the charity. Revlow of actlvltlol rh& Ttustees are sad lo announ¢0 that our fwndor and artith diroctor Amella Freedman passed away on 28th Juty 2025 after 8 long illness. Havlng nurtured the Nash for 60 years. she gave her blessing fcrf the ensemble lo continue under the direcb'on of Simon cr￿Ord¥h11llps and Adrian Br8fKlel. two ol the Nash musicians. In its obituary The Daily Telegraph describ8d Amelia ag" argU8￿Y th& most influenknal Brilish Classical music impre$8rio of the late 20th century. and she wlll bo greatly mis*J t*)th in the wder musical and by those of us in the Nash 'famill'. The Nash continued their collaboTalion wilh Wigmore Hals as Reswjenl Chamber En$&mble' a cglebration of the Ensemble's 60th anniversary. To mark the anniversary the ensembbe performed a series compn'sing some of the group's favourite works of the genre. Stimulating programmes.superb artists and a commitment lo the finest composers of our time through exten￿Ve commiss￿l￿g lay al the heart of Ihe 2024125 season. The Ensemble also ¢ommissiongd a garfar￿ of new works from eight composers ￿0M the group hag had 8 long asso¢iation'. Colin Mallhews, David Matthews.M8rk-Anthoney Tumage. John Casken, Simon HolL Helen Grime, Huw Watkins and Jullan Anderson. In addition the Nash Inventlons concert on 18th March 2025 included past commissions by the g￿81 Ameri¢an composer Elliot Carter and Peter Maxwell Dawes's mastenhY)rk his string quintet, written especially for the ensemble. We continued our collaboration Side by Side wth the Roydl Academy of Music's in$trumentsl players and composors. Nash muslc4an Alasdair Beatson { piano) coached the students and then l¢x* part in the'side by Side, concert on 18th March 2025 al Wigmore Hall. The Nash commi88ioned Iwo RAM composers Yan Ee Toh ar￿ Alexander Papp to write new pieces for the occasion. Yan Ee Toh, RAM student composer. said . The opportunFty to have my work performed at Wigmore Hall, especially as an Inlern8tional student, has been extremely fuffilling and a dream come true. Not only was it instrumental lo my career development as a composer. but havtng my muxic brought l01rf9 in Wigmore Hall was a truty spgcial experlence.. Alexander Papp said ' It was an incredible experience lo have my piece 'FFIACTURE' performed at Wigmore H811. Under the guidance of Alasda5r from Nash Ensemble. the insigm. musI￿anshiP , and generous mentorship brought new depth to the music. HeariThJ it come to lrfe in such a prestigKJus venue was truly unforg8tlablg and I'm deeply grateful for the Op￿rtUnIty to and collaborate in such an insFrfring setting.. The Nash recorded a CD of works by Ravel for the Onyx Label, thich És due for the release latsr in 2025. The Ensemble's CD pf Debussy chamb9r music c(mtinued to gamer exceltent reviews. and a Vin￿ Lp of the recording is also dug for rel8ase in 2025. NASH CONCERT SOCIETY TRUST FINANCIAL STATEMENTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ICONTINUEDI Review of activities { continugdl Other highlighls in the season Induded concerts at the Bath Mozartfesl and for Richond Concert Society. Malvem Concert Club. Oxford Chamber Music Society and the Cambridge Summer Music Festival . The Nash ￿Ltter account is still exFertly managed by Lvz Menies. and the Fr￿ndS of the Nash continued their enthusiastic and invaluable support of the Group, adminstered by Leor Segal. wrth financial help towards the concerts and commissions. The Nash continues to invaluabty supported by its administrator Matthew Brailsford. GralefL¢I thanks go to all the trustees of the Nash Concert Society for their continuing and unwavering support and advice. Law applicable lo charilies in En9land and Wales requires the Iruslees lo prepare financial statements for each financial year which give a Irue and fair view of the charitls financial activiti05 during the year and of its financial position al the end of the year. In preparing those financ￿1 slalemenls, the Injslees are requir8d lo.. select suitsble accounllng policles and then apply them consistently, make judg&ments and e$b'mat6$ that affj reasonable and pnjdent., stsle whether applicable accounling standards and stslements of recommended praclices have been followed subject to any departures dtsclosed and explained in the fin8ncial statem•nts'. and prepaT8 the financial statements on the g￿r￿j concem basis un1888 it Is inapproprlate to presume that the ch8Tty will continue in busin￿. Tho Iruslees 8r8 responsibl& f¢Y ke8ping accounts'ng records which disclose with reasonable accuracy al an￿lme the flnancial position of the charity and enable them lo ensure that the financi81 statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity 8nd hence for taking reasonabl8 steps for the prevention and detection of fraud and other irregularibes. 15th October 2025 Michael John Lews nnan} Dat8 '. NASH CONCERT SOCIETY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES NASH CONCERT SOCIErY We report on the accounts of the trust for the year end￿1 31st March 2025. which are set out on pages 5 to 8. Rospgctive Responslbllltles of Trustees and Examlnfjr As the charilvs trustees w are responsible for the preparation of the accknunts. Consider that the audit requirements of section 43121 of the Charities Act 1993 (the Act) does not apply. It is our responsibility to stste. on the basis of procedures specffied in the general directK)n glven by the Chaiity Commissioners under Section 4317llbl of the Act. whether pafkncular matters have c(¥ne to our attention. Bas1$ of Indepondont Examlnern. Roport Our 6xamlnatlon was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accountlrKJ records kept by the charity and a ¢omparison of the a¢¢ounls prasented with these records. It also indudes consideration of any unusual items or disclosur8s in the accounts, and seeking explanations from you ag trust68s concerning any such matters. The pro¢edures undèrtaken do not pro￿de all the evlden¢e that woukl b8 required in an audi( and consequently, do not express an audit opinion on th& view given by th& accounts. Indopendont Examinern, Statement In conn8Ction with our examination, no matter has come to our attenti which gives us reasonable cause lo beI￿ve that in any material respect the requir8m8nts. to keep accounting records in accordance section 41 of the Act.. and to prepare accounis whlch ac(xxd wlth the accc4Jnting records and lo comply vllh the accounting requirgd of the Act have not been mel; or 2 to which, In our oplnlon, attention should be drawn in order to enable a proper understandlng of these account8 to be reached. Lewis Assoc181es Chartered Certified Accountants 75 Conislon Gardens London NW9 OBA 10 STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2025 Note 2025 Total Funds 2024 Total Funds Incomlng resources: Charitable A¢tiviti8s Donations and Grants 88C Fees Sale of concert tickets 120.367 5.857 107,107 102.700 92.356 Total Incomlng rosources Rosourcgs axpanded Charltablg Expondlturo Artists fees including lour Administrative fees Hire of Hall Hall Extras Rehearsal room hlr8 Brochure leaflets and prcoramme Music hir& & production costs Harp & Bass Porterage & paino tuning Box office commission Programme sale comMiss￿n PRS Concert Manager fees Music commission fees Public relation costs Program notes and talks Receptions Travel and subsistence lor artlsts , ¢omwsers & lours 122,393 22.752 8,850 97,013 12.922 2.545 3,780 8.190 2.830 338 19.050 3,714 809 3.040 8.000 6.452 2.931 924 4,370 5,704 6.475 1,400 28.399 2.373 875 10,500 410 6,628 222,201 185,908 Governan¢• Accountancy fees Postag8 ,5ts1ionery, telephone & inteinet Bank charges 1,735 4.599 222 6,556 1,735 3.760 110 5,605 Total rosources axp•nd•d 228,757 191513 Net Ineomlng resources 11 Expendlturo) 4.574 3,160 Principal Trustee Loan converted a8 8 gfft 39.730 { Defl¢ltl I Sury)lu$ balanco 1 Aprll 2024 (Doflcltl ISurplu8 balan¢0 31 Mar¢h 2025 Incomlng resources and regulling net movement In funds In each year arise from conts'nuing operations. The charity has no recognised gains or losses other than the net movement in funds for the year. The note8 on pages 8 8r￿ 9 fonn part of th8se financi81 statements. NASH CONCERT SOCIEfi TRUST BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2024 Current Assets Cash al bank and in hand 49.265 65,204 49.265 65,204 Creditors- Amounts falling due within one year {31.478) (51,811) 17.787 13,213 Credltors: Amounts falling due after more than one ye8r Loan (39.7301 Not Assets 2025 2024 Funds Unr8slricled funds - Income 15th October 2025 Approved by the Board of Truste8s on and signed below on rts behalf by Mlchael John Lewi Chaimanl The notgs on wJes 8 and 9 fom part of these financial stst8ments. NASH CONCERT SOCIEfY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 Prlnclpal accountlng pollGias Aceountlng convention The financial stslements are prepared und8r th8 historical Tr)st eA)nvention and in accordance with the Financial Reports'ng Standard for Smaller Ch8rib"es. In preparing the financial statements the Charity follows best practices 85 laid down in the Statement of Recommended PractKe: Accounb"ng and Rewrting by Charities ￿U@d in March 2005. Donatlons and grnnts Income from donations and grants are recognised in fvll in the Ststement of Financial Activibes in the y88r Nthich they are receivable. Charitsbl• trndlng a¢tlvlO Income from Ihealre admission fees is included in inc(xning resour￿$ in the in bthich the rel8vant show takes place net of VAT Rosources expended Resources are included In Ihe Slatement of Financial Activities on an accrual basis nel of any VAT that Can be recovered. Rostrlcted. unrestrlctod and designated funds Reslrioted funds are Incoming resources received or generated for specific wrposes as laid down by the donor5 or the terms of the appeal. ExperKliture %thich meet thesè criteria is allocated against Ihe fvnd. Unrestricl8d funds are donations and other incoming res(yJrces received or generated for general charltable purpos8s. Designated funds ar8 funds sel asldg by th8 Trustees out of unrestricted funds for specffjic future purposes or projects. 2 Donallons and Grants 2025 2024 Wlgmore TTUSI Grant Wigmore Commissffi fees Siemens Foundauon Dr Shirfey Ellis John S Cohen Foundalbon MJLew8 Mlss K E Spence The D 'Oyly Carte Charitable Trust Vaughan Williams Foundation The Boltini Trust Brendel A Ravel RJLe￿h BIS Royalties settlement Gift tax refunds Friend of Nash donations 38.330 38,330 4.200 7,340 20,000 4,000 5,000 5,CQO 2,CQO 1,512 20,000 4,000 10,000 5,000 3.000 5,750 4.OCrf) 11,195 21,609 7,166 120,367 5,635 102,7(K) NASH CONCERT SOCIEfY TRUST NOTES TO THE FINANCIAL STATEMENTS- ￿ntInUed FOR THE YEAR ENDED 31 MARCH 2025 3 Credltors: amountsfalling due withirs one year 2025 2024 Trade creditors VAT Payable Accruals 22,457 7,2e6 43,275 47 31,478 51,811 4 Cfodltoys: amounts falllng due after more than one year 2025 2024 Tru81ee's loan 39.730 The above principal loan was made by the late Ameila Freedman. It was unsecured and dKI not carry any interest. Amelia agreed on 28th March 2025 to convert the loan as a gift whth Is a huge generous go¢knvill gesture for the future of the Nash. The artlstk directors for all the wn¢erts performed by the Nash p￿yerS **re also truslees. Fees accrued for Ihi$ work was £NIL 202512024 - £NILI.