## **Annual Report 2024 - 2025** 

The 2024 - 2025 Jazz North East concert series once again proved to be a wealth of musical and sonic riches, featuring some of the youngest new emerging talent on the UK scene including J.A.M String Collective through to one off the oldest living legends of British jazz, Art Themen, who at the age of 84 is playing as astonishingly virtuous as ever. 

The year saw a very satisfying series of collaborations with The Glasshouse (formerly Sage Gateshead), we participated with ‘From The Glasshouse’ series in presenting a fabulous triple bill of the John Pope Quintet, Moonfish and Faye MacCalman. We were delighted to be able to feature Andrew McCormack Trio alongside US bassist Kyle Eastwood, the international collaboration of Sarab, and Daniel Erdman’s Therapie de Couple. 

Another concert of note at Gateshead St.Mary’s Heritage Centre celebrated our ongoing partnership with the South Asian organisation GemArts for Masala Festival in the form Balladeste, the festival also featured a new collaboration with poet Nisha Ramayya alongside the Tyneside based duo of John Garner and John Pope who feature on the region’s New Jazz and Improvised Music Recordings label. 

Internationally we were joined by musicians from France, Germany, America, Italy, Switzerland, Denmark, Japan, Israel, Holland. 

We continued to work alongside The Globe music venue promoting jazz music every Sunday evening, and other venues included Cobalt Studios, The Cluny, The Cumberland Arms, Jesmond United Reformed Church, The Literary and Philosophical Society. 

Another festival of note is the annual Newcastle Festival of Jazz and Improvised Music to which we remain lead partners. 

Our primary source of funding came once again from Arts Council England and we were awarded a grant of £29,960 to run concerts throughout 2025. 

It was felt that our programme of events was a success, and we’re delighted to be able to present a range of international jazz and improvised music in Tyne and Wear. We do however proceed with some caution, in respect of the downward trend to audiences across the whole of the music sector, and the increasing amount of music venues that continue to close business. 

Our project manager and administrator was allowed to continue steering the ship, managing the required elements of the regular workload whilst attending many Zoom sector sessions and in person meetings planning for the future. Notably this includes regular contact with the Northern development agency Jazz North, and the nationwide Jazz Promotion Network. 

We continued to promote with our ‘Women Make Music’ concert series ever present, showing commitment to the Keychange initiative. We also maintained membership with Black Lives in Music continuing to promote diversity through our programme and action. Embodying the values of Music Declares Emergency we continue to evolve our strategies for ecological sustainability. 

Jazz North East continues in its determination to sustain the high quality of programming that has been its hallmark since the organisation’s inception in 1966. Whilst we fully appreciate the importance of the jazz tradition, we believe that jazz as a creative art form is constantly moving forward and that it is our responsibility to reflect and celebrate this dynamism. Thus presentation of new artists, collaboration with other promoters and further development of international links remain crucial to our work, alongside the development of new concepts and ideas to inspire creative practise, artists and audiences. 

The Jazz North East mission is that of reflecting the diversity of jazz and improvised music. The future is exciting and our commitment to being a forward-looking organisation involves a degree of financial risk. Jazz North East, our audiences, and the artists that we support are immensely grateful to Arts Council England for their continued funding, and to all other supporting organisations. 

We very much look forward to celebrating the 60th anniversary of Jazz North East throughout 2026. 

We have remained conscious that there should be no compromise on quality, ensuring that we sustain our mantra “the Best in Jazz since 1966”. We continue to maintain a programme that covers a wide spectrum of jazz styles from performances, rooted in both the ‘mainstream’ jazz tradition through to highly experimental concerts of free improvisation. We support established artists, alongside young newcomers and recent graduates just beginning to emerge onto the scene. 

A significant strand in our past programme has been our PRSF supported ‘Women Make Music’ project to highlight female musicians as composers, performers and instructors. We continue to develop this project and have discussed at great length the need to further support diversity within our work, to bring more people of colour into our activity, and to also find more representation for those with disabilities working alongside Attitude is Everything. 

As an organisation we continue to step further into the position of a developmental body, as well as maintaining a reputation as a highly regarded promoter. Our involvement with musicians is apparent with frequent approaches in an advisory role to artists career development, requests to deliver presentations, appearing as panel members at forums and writing references and letters of support for local and international artists. 

## **Venues and Partnerships** 

We were delighted to continue working with the award winning Globe. In doing so this has given us access to a well equipped venue following refurbishment, the venue is also fully accessible. 

We also continued to work with Gosforth Civic Theatre. As an arts venue Gosforth Civic Theatre is home to, and run by, Liberdade Community Development Trust, a charity that works with people with learning disabilities and autism, giving them a place to belong, work and get involved in the 

arts and their community. As a truly inclusive space for performance, music, cinema, and events aimed at the heart of the community Gosforth Civic Theatre is a socially conscious and responsible space that prioritises the health, safety and wellbeing of its audiences, participants and performers. The Theatre acts as a live performance space with cinema projection facilities. The venue is also fully accessible, in a prime location for green transport links and benefits from on site free parking. 

A third venue was the prestigious and historical Literary and Philosophical Society, which benefits from one of the finest grand pianos in the North of England, and a highly supportive team of staff and volunteers. The Lit and Phil continues to remain the central hub for Newcastle Festival of Jazz and Improvised Music, and a venue celebrated by all musicians who perform there. 

A reasonably new venue to us has been Jesmond United Reformed Church which also benefits a beautiful grand piano and a fantastic and enthusiastic staff body. 

With a new production team in place at Glasshouse International Centre for Music (formerly know as Sage Gateshead) we were delighted to see our partnerships developing further. 

## **International Partnerships** 

Jazz North East’s reputation as a significant presence on the international jazz scene continues. Artists and organisations continue to grapple with the fallout from Brexit and Covid, but we continue to maintain relations with Dutch Performing Arts and Jazz Danmark, whilst also maintaining a commitment to artists from many overseas countries including Luxembourg, Italy, Switzerland, Germany, Australia, Canada and the USA, and many many more. 

## **Finance** 

The adventurous nature of Jazz North East’s programming would not be possible without the support of public funding, which enables us to maintain a creatively vibrant and forward-looking approach. Continued assistance from Arts Council England provides the largest share of our funding and financial stability for the organisation. We also benefit from a small amount of public donations alongside ticket sales, our online Discogs CD shop and contributions from our lead partner organisations. 

## **The Board** 

The Board has continued to benefit from the services of our paid admin assistant and project manager Wesley Stephenson, whose work in co-ordinating our concert programme and in liaison with the artists, concept and organisational development, alongside fundraising and marketing, has proved absolutely invaluable. 

The Board members for 2024 - 2025 were: 

John Pope Melanie Grundy Stewart Smith Ken Drew Charlie McGovern Toshitaka Zenimoto 

## **Concert Schedule: 2024 - 2025 (Financial Year)** 

21st April 2024: Art Themen with the Dean Stockdale Trio 

28th April 2024: Andrew McCormack Trio with Kyle Eastwood + Thomas Dixon 

12th May 2024: Silvan Schmidt / Tom Wheatley / Eddie Prevost + Signe Emmeluth 

22nd May 2024: Daniel Erdman’s Therapie de Couple + D'Accord! 

26th May 2024: Sarab 

7th June 2024: Yoshi Shigihara+ The Sensory Illusions 

30th June 2024: Charlotte Keeffe ‘Right Here, Right Now’ 

7th July 2024: Russ Morgan Quartet 

17th July 2024: New Ways of Moving in the Counterworlds 

20th July 2024: Balladeste 

30th August 2024: Home/Lands Chronicles 

Newcastle Festival of Jazz and Improvised Music 2024 27 / 09 / 2024 - 06 / 10 / 2024 

_Faye MacCalman Taupe Warp/weft Jeppe Zeebertg and the Absolute Pinnacle of Human Achievement Ingrid Laubrock / Gerry Hemingway / John Pope / Johnny Hunter Alcyona Mick Juliana Day Satoko Fujii Amirth Kidambi with Manon McCoy Izumi Kimura with Gerry Hemingway + Andy Champion + Ziv Taubenfeld / Olie Brice / Kresten Osgood Aruan Ortiz Shunyata Improvisation Group with Ziv Taubenfeld The Flame + Tara Cunningham + J.A.M String Collective Catriona Bourne Quartet + Heather Ferrier + Emma Johnson’s 'Gravy Boat’_ 

24th October 2024: John Pope Quintet + Moonfish + Faye MacCalman 

3rd November 2024: Hi-Res Heart 

1st December 2024: Mark Williams Trio 

8th December 2024: Mick Beck / Dominic Lash / Paul Hession 

26th January 2025: Frank Gratowski / Sebi Tramontana / Steve Beresford / Faradena Afifi 

9th February 2025: Rob Oughton’s ‘Tomorrow’s New Quartet’ with Ben van Gelder 

9th March 2025: Zhenya Strigalev’s 2025 Quartet 

18th March 2025: Phil Bancroft’s 'Beautiful Storm’ 

28th March 2025: Juliana Day and Manon McCoy 

**COMPANY REGISTRATION NUMBER: 01357300 CHARITY REGISTRATION NUMBER: 507509** 

## **Jazz North East Limited** 

**Company Limited by Guarantee** 

## **Unaudited Financial Statements** 

# **31 March 2025** 

**Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2025** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**2**|
|Statement of financial activities (including income and||
|expenditure account)|**3**|
|Statement of financial position|**4**|
|Notes to the financial statements|**5**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**13**|



## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2025** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. 

## **Reference and administrative details** 

**Registered charity name** Jazz North East Limited **Charity registration number** 507509 **Company registration number** 01357300 **Principal office and registered** 14 Kirkstone Gardens **office** Newcastle upon Tyne NE7 7AN **The trustees** Melanie Grundy Secretary Wesley Stephenson Treasurer John Charles McGovern Kenneth Drew Richard John Pope Toshitaka Zenimoto **Independent examiner** JFS Torbitt Chartered Certified Accountants 58 Durham Road Birtley Co Durham DH3 2QJ 

## **Small company provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by: 

John Charles McGovern Trustee 

**1** 

**Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Jazz North East Limited** 

## **Year ended 31 March 2025** 

I report to the trustees on my examination of the financial statements of Jazz North East Limited ('the charity') for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

## OA~ 

**Jane Freeman** FCCA **Independent Examiner** 58 Durham Road Birtley Co Durham DH3 2QJ 

**2** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2025** 

||||**2025**||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income**||||||
|Grants|**5**|–|29,960|29,960|29,963|
|Other trading activities|**6**|10,392|–|10,392|21,864|
|Investment income|**7**|–|–|–|4|
|||────────|────────|────────|────────|
|**Total income**||10,392|29,960|40,352|51,831|
|||════════|════════|════════|════════|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising grants and funds|**8**|21,065|23,679|44,744|44,946|
|||────────|────────|────────|────────|
|**Total expenditure**||21,065|23,679|44,744|44,946|
|||════════|════════|════════|════════|
|||────────|────────|────────|────────|
|**Net (expenditure)/income and net**||||||
|**movement in funds**||(10,673)|6,281|(4,392)|6,885|
|||════════|════════|════════|════════|
|**Reconciliation of funds**||||||
|Total funds brought forward||11,837|14,226|26,063|19,179|
|||────────|────────|────────|────────|
|**Total funds carried forward**||1,164<br>════════|20,507<br>════════|21,671<br>════════|26,063<br>════════|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 5 to 11 form part of these financial statements.** 

**3** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2025** 

|||**2025**|2024|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**13**|51|68|
|**Current assets**||||
|Debtors|**14**|–|392|
|Cash at bank and in hand||21,900|25,884|
|||────────|────────|
|||21,900|26,276|
|**Creditors: amounts falling due within one year**|**15**|(280)|(280)|
|||────────|────────|
|**Net current assets**||21,620|25,996|
|||────────|────────|
|**Total assets less current liabilities**||21,671|26,064|
|||────────|────────|
|**Net assets**||21,671|26,064|
|||════════|════════|
|**Funds of the charity**||||
|Restricted funds||20,507|14,226|
|Unrestricted funds||1,164|11,838|
|||────────|────────|
|**Total charity funds**|**16**|21,671<br>════════|26,064<br>════════|



For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: 

John Charles McGovern Trustee 

**The notes on pages 5 to 11 form part of these financial statements.** 

**4** 

**Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 14 Kirkstone Gardens, Newcastle upon Tyne, NE7 7AN. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Disclosure exemptions** 

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: 

(a) No cash flow statement has been presented for the company. 

(b) Disclosures in respect of financial instruments have not been presented. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

**5** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

**6** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **3. Accounting policies** _**(continued)**_ 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.  A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Plant and machinery - 25% reducing balance 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. 

## **4. Limited by guarantee** 

Jazz North East Limited is a company limited by guarantee and accordingly does not have a share capital. 

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

**7** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **5. Donations and legacies** 

||Restricted|**Total Funds**|Restricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|**Grants**|||||
|Arts Council|29,960|29,960|29,963|29,963|
|**Other trading activities**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Concert Receipts|9,675|9,675|20,542|20,542|
|Sundry income|717|717|1,322|1,322|
||────────|────────|────────|────────|
||10,392<br>════════|10,392<br>════════|21,864<br>════════|21,864<br>════════|



## **6. Other trading activities** 

## **7. Investment income** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Bank interest receivable|–|–|4|4|
||════|════|════|════|



## **8. Costs of raising grants and funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Artists Fee|–|11,495|11,495|
|Artists Expenses|–|392|392|
|Hall & Instrument Costs|–|3,123|3,123|
|Newcastle Festival of Jazz and Improvised Music|11,492|–|11,492|
|Accountancy|486|–|486|
|Printing, postage and stationery|168|–|168|
|Depreciation|17|–|17|
|Subscriptions|60|–|60|
|Bank charges|60|–|60|
|Sundry|31|–|31|
|Advertising and PR|8,752|8,669|17,421|
||───────|───────|───────|
||21,065|23,679|44,744|
||════════|════════|════════|



**8** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **8. Costs of raising grants and funds** _**(continued)**_ 

|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2024|
|||£|£|£|
||Artists Fee|3,661|12,991|16,652|
||Artists Expenses|–|1,696|1,696|
||Hall & Instrument Costs|2,945|2,040|4,985|
||Newcastle Festival of Jazz and Improvised Music|–|10,254|10,254|
||Accountancy|390|–|390|
||Printing, postage and stationery|39|–|39|
||Depreciation|23|–|23|
||Subscriptions|1,145|–|1,145|
||Bank charges|15|–|15|
||Advertising and PR|3,569|6,178|9,747|
|||───────|───────|───────|
|||11,589|33,358|44,946|
|||════════|════════|════════|
|**9.**|**Net (expenditure)/income**||||
||Net (expenditure)/income is stated after charging/(crediting):||||
||||**2025**|2024|
||||**£**|£|
||Depreciation of tangible fixed assets||17|23|
||||════|═══════|
|**10.**|**Independent examination fees**||||
||||**2025**|2024|
||||**£**|£|
||Fees payable to the independent examiner for:||||
||Independent examination of the financial statements||486<br>════|390<br>════|



## **11. Staff costs** 

The average head count of employees during the year was Nil (2024: Nil). 

No employee received employee benefits of more than £60,000 during the year (2024: Nil). 

## **12. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees 

**9** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **13. Tangible fixed assets** 

||||**Plant and**|
|---|---|---|---|
||||**machinery**|
||||**£**|
||**Cost**|||
||**At 1 April 2024 and 31 March 2025**||1,113|
||||═══════|
||**Depreciation**|||
||At 1 April 2024||1,045|
||Charge for the year||17|
||||───────|
||**At 31 March 2025**||1,062|
||||═══════|
||**Carrying amount**|||
||**At 31 March 2025**||51|
||||═══════|
||At 31 March 2024||68|
||||═══════|
|**14.**|**Debtors**|||
|||**2025**|2024|
|||**£**|£|
||Prepayments and accrued income|–|392|
|||════|════|
|**15.**|**Creditors:** **amounts falling due within one year**|||
|||**2025**|2024|
|||**£**|£|
||Accruals and deferred income|280|280|
|||════|════|



## **16. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||||
|---|---|---|---|---|---|---|
|||At||||**At**|
||1|April 2024|Income|Expenditure|<br>**31 March 2025**||
|||£|£|£||£|
|General funds||11,837|10,392|(21,065)||1,164|
|||════════|════════|════════||═══════|
|||At||||At|
||1|April 2023|Income|Expenditure||31 March 2024|
|||£|£|£||£|
|General funds||1,757<br>═══════|21,868<br>════════|(11,589)<br>════════||12,036<br>════════|



**10** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **16. Analysis of charitable funds** _**(continued)**_ 

## **Restricted funds** 

|**Restricted funds**|||||||
|---|---|---|---|---|---|---|
|||At||||**At**|
||1|April 2024|Income|Expenditure|<br>**31 March 2025**||
|||£|£|£||£|
|Arts Council England||14,226|29,960|(23,679)||20,507|
|||════════|════════|════════||════════|
|||At||||At|
||1|April 2023|Income|Expenditure||31 March 2024|
|||£|£|£||£|
|Arts Council England||17,422<br>════════|29,963<br>════════|(33,159)<br>════════||14,226<br>════════|



## **17. Analysis of net assets between funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Tangible fixed assets|51|–|51|
|Current assets|1,394|20,506|21,900|
|Creditors less than 1 year|(280)|–|(280)|
||───────|────────|────────|
|**Net assets**|1,165|20,506|21,671|
||═══════|════════|════════|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Tangible fixed assets|68|–|68|
|Current assets|12,050|14,226|26,276|
|Creditors less than 1 year|(280)|–|(280)|
||────────|────────|────────|
|**Net assets**|11,838<br>════════|14,226<br>════════|26,064<br>════════|



**11** 

**Jazz North East Limited** 

**Company Limited by Guarantee** 

## **Management Information** 

## **Year ended 31 March 2025** 

**The following pages do not form part of the financial statements.** 

**12** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** 

## **Year ended 31 March 2025** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|**Income**|||
|**Donations and legacies**|||
|Grants|29,960|29,963|
||────────|────────|
|**Other trading activities**|||
|Concert Receipts|9,675|20,542|
|Sundry income|717|1,322|
||────────|────────|
||10,392|21,864|
||────────|────────|
|**Investment income**|||
|Bank interest receivable|–|4|
||────|────|
||────────|────────|
|**Total income**|40,352|51,831|
||════════|════════|
|**Expenditure**|||
|**Cost of raising grants and funds**|||
|Artists Fees|11,495|16,653|
|Artists Expenses|392|1,696|
|Hall & Instrument Costs|3,123|4,985|
|Newcastle Festival of Jazz and Improvised Music|11,492|10,255|
|Accountancy fees|486|390|
|Printing, postage and stationery|168|39|
|Depreciation|17|23|
|Subscriptions|60|1,145|
|Sundry|31|–|
|Advertising and PR|17,421|9,747|
|Bank charges|60|13|
||────────|────────|
||44,745|44,946|
||────────|────────|
||────────|────────|
|**Total expenditure**|44,745|44,946|
||════════|════════|
||────────|────────|
|**Net (expenditure)/income**|(4,393)<br>════════|6,885<br>════════|



**13** 

2025-12-24 

## Jazz North East Ltd 31.3.25 Final 

Final Audit Report 

Created: 2025-12-24 By: Kay Walker (kay@jfstorbitt.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAK1qC-P6wVuTJZdgA7-CkQvRnLt593Tt- 

## "Jazz North East Ltd 31.3.25 Final" History 

- Document created by Kay Walker (kay@jfstorbitt.co.uk) 

2025-12-24 - 10:16:44 GMT 

Document emailed to charles.mcgovern@mac.com for signature 

2025-12-24 - 10:17:34 GMT 

- Email viewed by charles.mcgovern@mac.com 

2025-12-24 - 11:51:07 GMT 

- Signer charles.mcgovern@mac.com entered name at signing as J C McGovern 2025-12-24 - 11:57:04 GMT 

- Document e-signed by J C McGovern (charles.mcgovern@mac.com) Signature Date: 2025-12-24 - 11:57:06 GMT - Time Source: server 

- Document emailed to sign@jfstorbitt.co.uk for signature 

2025-12-24 - 11:57:08 GMT 

- Email viewed by sign@jfstorbitt.co.uk 2025-12-24 - 11:58:25 GMT 

- Signer sign@jfstorbitt.co.uk entered name at signing as Jane Freeman 2025-12-24 - 11:58:51 GMT 

- Document e-signed by Jane Freeman (sign@jfstorbitt.co.uk) Signature Date: 2025-12-24 - 11:58:53 GMT - Time Source: server 

- Agreement completed. 

2025-12-24 - 11:58:53 GMT 

**COMPANY REGISTRATION NUMBER: 01357300 CHARITY REGISTRATION NUMBER: 507509** 

## **Jazz North East Limited** 

**Company Limited by Guarantee** 

## **Unaudited Financial Statements** 

# **31 March 2025** 

**Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2025** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**2**|
|Statement of financial activities (including income and||
|expenditure account)|**3**|
|Statement of financial position|**4**|
|Notes to the financial statements|**5**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**13**|



## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2025** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. 

## **Reference and administrative details** 

**Registered charity name** Jazz North East Limited **Charity registration number** 507509 **Company registration number** 01357300 **Principal office and registered** 14 Kirkstone Gardens **office** Newcastle upon Tyne NE7 7AN **The trustees** Melanie Grundy Secretary Wesley Stephenson Treasurer John Charles McGovern Kenneth Drew Richard John Pope Toshitaka Zenimoto **Independent examiner** JFS Torbitt Chartered Certified Accountants 58 Durham Road Birtley Co Durham DH3 2QJ 

## **Small company provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by: 

John Charles McGovern Trustee 

**1** 

**Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Jazz North East Limited** 

## **Year ended 31 March 2025** 

I report to the trustees on my examination of the financial statements of Jazz North East Limited ('the charity') for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

## OA~ 

**Jane Freeman** FCCA **Independent Examiner** 58 Durham Road Birtley Co Durham DH3 2QJ 

**2** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2025** 

||||**2025**||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income**||||||
|Grants|**5**|–|29,960|29,960|29,963|
|Other trading activities|**6**|10,392|–|10,392|21,864|
|Investment income|**7**|–|–|–|4|
|||────────|────────|────────|────────|
|**Total income**||10,392|29,960|40,352|51,831|
|||════════|════════|════════|════════|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising grants and funds|**8**|21,065|23,679|44,744|44,946|
|||────────|────────|────────|────────|
|**Total expenditure**||21,065|23,679|44,744|44,946|
|||════════|════════|════════|════════|
|||────────|────────|────────|────────|
|**Net (expenditure)/income and net**||||||
|**movement in funds**||(10,673)|6,281|(4,392)|6,885|
|||════════|════════|════════|════════|
|**Reconciliation of funds**||||||
|Total funds brought forward||11,837|14,226|26,063|19,179|
|||────────|────────|────────|────────|
|**Total funds carried forward**||1,164<br>════════|20,507<br>════════|21,671<br>════════|26,063<br>════════|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 5 to 11 form part of these financial statements.** 

**3** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2025** 

|||**2025**|2024|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**13**|51|68|
|**Current assets**||||
|Debtors|**14**|–|392|
|Cash at bank and in hand||21,900|25,884|
|||────────|────────|
|||21,900|26,276|
|**Creditors: amounts falling due within one year**|**15**|(280)|(280)|
|||────────|────────|
|**Net current assets**||21,620|25,996|
|||────────|────────|
|**Total assets less current liabilities**||21,671|26,064|
|||────────|────────|
|**Net assets**||21,671|26,064|
|||════════|════════|
|**Funds of the charity**||||
|Restricted funds||20,507|14,226|
|Unrestricted funds||1,164|11,838|
|||────────|────────|
|**Total charity funds**|**16**|21,671<br>════════|26,064<br>════════|



For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: 

John Charles McGovern Trustee 

**The notes on pages 5 to 11 form part of these financial statements.** 

**4** 

**Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 14 Kirkstone Gardens, Newcastle upon Tyne, NE7 7AN. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Disclosure exemptions** 

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: 

(a) No cash flow statement has been presented for the company. 

(b) Disclosures in respect of financial instruments have not been presented. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

**5** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

**6** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **3. Accounting policies** _**(continued)**_ 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.  A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Plant and machinery - 25% reducing balance 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. 

## **4. Limited by guarantee** 

Jazz North East Limited is a company limited by guarantee and accordingly does not have a share capital. 

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

**7** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **5. Donations and legacies** 

||Restricted|**Total Funds**|Restricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|**Grants**|||||
|Arts Council|29,960|29,960|29,963|29,963|
|**Other trading activities**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Concert Receipts|9,675|9,675|20,542|20,542|
|Sundry income|717|717|1,322|1,322|
||────────|────────|────────|────────|
||10,392<br>════════|10,392<br>════════|21,864<br>════════|21,864<br>════════|



## **6. Other trading activities** 

## **7. Investment income** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Bank interest receivable|–|–|4|4|
||════|════|════|════|



## **8. Costs of raising grants and funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Artists Fee|–|11,495|11,495|
|Artists Expenses|–|392|392|
|Hall & Instrument Costs|–|3,123|3,123|
|Newcastle Festival of Jazz and Improvised Music|11,492|–|11,492|
|Accountancy|486|–|486|
|Printing, postage and stationery|168|–|168|
|Depreciation|17|–|17|
|Subscriptions|60|–|60|
|Bank charges|60|–|60|
|Sundry|31|–|31|
|Advertising and PR|8,752|8,669|17,421|
||───────|───────|───────|
||21,065|23,679|44,744|
||════════|════════|════════|



**8** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **8. Costs of raising grants and funds** _**(continued)**_ 

|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2024|
|||£|£|£|
||Artists Fee|3,661|12,991|16,652|
||Artists Expenses|–|1,696|1,696|
||Hall & Instrument Costs|2,945|2,040|4,985|
||Newcastle Festival of Jazz and Improvised Music|–|10,254|10,254|
||Accountancy|390|–|390|
||Printing, postage and stationery|39|–|39|
||Depreciation|23|–|23|
||Subscriptions|1,145|–|1,145|
||Bank charges|15|–|15|
||Advertising and PR|3,569|6,178|9,747|
|||───────|───────|───────|
|||11,589|33,358|44,946|
|||════════|════════|════════|
|**9.**|**Net (expenditure)/income**||||
||Net (expenditure)/income is stated after charging/(crediting):||||
||||**2025**|2024|
||||**£**|£|
||Depreciation of tangible fixed assets||17|23|
||||════|═══════|
|**10.**|**Independent examination fees**||||
||||**2025**|2024|
||||**£**|£|
||Fees payable to the independent examiner for:||||
||Independent examination of the financial statements||486<br>════|390<br>════|



## **11. Staff costs** 

The average head count of employees during the year was Nil (2024: Nil). 

No employee received employee benefits of more than £60,000 during the year (2024: Nil). 

## **12. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees 

**9** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **13. Tangible fixed assets** 

||||**Plant and**|
|---|---|---|---|
||||**machinery**|
||||**£**|
||**Cost**|||
||**At 1 April 2024 and 31 March 2025**||1,113|
||||═══════|
||**Depreciation**|||
||At 1 April 2024||1,045|
||Charge for the year||17|
||||───────|
||**At 31 March 2025**||1,062|
||||═══════|
||**Carrying amount**|||
||**At 31 March 2025**||51|
||||═══════|
||At 31 March 2024||68|
||||═══════|
|**14.**|**Debtors**|||
|||**2025**|2024|
|||**£**|£|
||Prepayments and accrued income|–|392|
|||════|════|
|**15.**|**Creditors:** **amounts falling due within one year**|||
|||**2025**|2024|
|||**£**|£|
||Accruals and deferred income|280|280|
|||════|════|



## **16. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||||
|---|---|---|---|---|---|---|
|||At||||**At**|
||1|April 2024|Income|Expenditure|<br>**31 March 2025**||
|||£|£|£||£|
|General funds||11,837|10,392|(21,065)||1,164|
|||════════|════════|════════||═══════|
|||At||||At|
||1|April 2023|Income|Expenditure||31 March 2024|
|||£|£|£||£|
|General funds||1,757<br>═══════|21,868<br>════════|(11,589)<br>════════||12,036<br>════════|



**10** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **16. Analysis of charitable funds** _**(continued)**_ 

## **Restricted funds** 

|**Restricted funds**|||||||
|---|---|---|---|---|---|---|
|||At||||**At**|
||1|April 2024|Income|Expenditure|<br>**31 March 2025**||
|||£|£|£||£|
|Arts Council England||14,226|29,960|(23,679)||20,507|
|||════════|════════|════════||════════|
|||At||||At|
||1|April 2023|Income|Expenditure||31 March 2024|
|||£|£|£||£|
|Arts Council England||17,422<br>════════|29,963<br>════════|(33,159)<br>════════||14,226<br>════════|



## **17. Analysis of net assets between funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2025**|
||£|£|**£**|
|Tangible fixed assets|51|–|51|
|Current assets|1,394|20,506|21,900|
|Creditors less than 1 year|(280)|–|(280)|
||───────|────────|────────|
|**Net assets**|1,165|20,506|21,671|
||═══════|════════|════════|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2024|
||£|£|£|
|Tangible fixed assets|68|–|68|
|Current assets|12,050|14,226|26,276|
|Creditors less than 1 year|(280)|–|(280)|
||────────|────────|────────|
|**Net assets**|11,838<br>════════|14,226<br>════════|26,064<br>════════|



**11** 

**Jazz North East Limited** 

**Company Limited by Guarantee** 

## **Management Information** 

## **Year ended 31 March 2025** 

**The following pages do not form part of the financial statements.** 

**12** 

## **Jazz North East Limited** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** 

## **Year ended 31 March 2025** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|**Income**|||
|**Donations and legacies**|||
|Grants|29,960|29,963|
||────────|────────|
|**Other trading activities**|||
|Concert Receipts|9,675|20,542|
|Sundry income|717|1,322|
||────────|────────|
||10,392|21,864|
||────────|────────|
|**Investment income**|||
|Bank interest receivable|–|4|
||────|────|
||────────|────────|
|**Total income**|40,352|51,831|
||════════|════════|
|**Expenditure**|||
|**Cost of raising grants and funds**|||
|Artists Fees|11,495|16,653|
|Artists Expenses|392|1,696|
|Hall & Instrument Costs|3,123|4,985|
|Newcastle Festival of Jazz and Improvised Music|11,492|10,255|
|Accountancy fees|486|390|
|Printing, postage and stationery|168|39|
|Depreciation|17|23|
|Subscriptions|60|1,145|
|Sundry|31|–|
|Advertising and PR|17,421|9,747|
|Bank charges|60|13|
||────────|────────|
||44,745|44,946|
||────────|────────|
||────────|────────|
|**Total expenditure**|44,745|44,946|
||════════|════════|
||────────|────────|
|**Net (expenditure)/income**|(4,393)<br>════════|6,885<br>════════|



**13** 

2025-12-24 

## Jazz North East Ltd 31.3.25 Final 

Final Audit Report 

Created: 2025-12-24 By: Kay Walker (kay@jfstorbitt.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAK1qC-P6wVuTJZdgA7-CkQvRnLt593Tt- 

## "Jazz North East Ltd 31.3.25 Final" History 

- Document created by Kay Walker (kay@jfstorbitt.co.uk) 

2025-12-24 - 10:16:44 GMT 

Document emailed to charles.mcgovern@mac.com for signature 

2025-12-24 - 10:17:34 GMT 

- Email viewed by charles.mcgovern@mac.com 

2025-12-24 - 11:51:07 GMT 

- Signer charles.mcgovern@mac.com entered name at signing as J C McGovern 2025-12-24 - 11:57:04 GMT 

- Document e-signed by J C McGovern (charles.mcgovern@mac.com) Signature Date: 2025-12-24 - 11:57:06 GMT - Time Source: server 

- Document emailed to sign@jfstorbitt.co.uk for signature 

2025-12-24 - 11:57:08 GMT 

- Email viewed by sign@jfstorbitt.co.uk 2025-12-24 - 11:58:25 GMT 

- Signer sign@jfstorbitt.co.uk entered name at signing as Jane Freeman 2025-12-24 - 11:58:51 GMT 

- Document e-signed by Jane Freeman (sign@jfstorbitt.co.uk) Signature Date: 2025-12-24 - 11:58:53 GMT - Time Source: server 

- Agreement completed. 

2025-12-24 - 11:58:53 GMT