THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED Registered Charity Company limited by Guarantee ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Charity No. 514614 Company registration No. 1715684 ( England & Wales)
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Reference and Administrative Information Report of the Committee of Management Independent Examinerfs Report 10 Statement of Financial Activities Balan Sheet 12 Statement of Cash Flows Notes to the financial statements 14
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Reference and Administrative Information Governing Document Memorandum and Articles of Association Charity Number: 514614 Company Number: 1715684 Committee of Management: Mr Andrew Kurowski - Chair Professor Michael Peake Dr Laura Bowler Professor Michael Clarke Baroness Kath Pinnock Martel Ollerenshaw Professor Nic Clear Dr Raymond MacDonald Supriya Nagarajan (Appointed 3 September 2024) Artistic Director and Chief Executive: Mr Graham McKenzie Cornpany Secretary: Miss Roisin Hughes Registered Office: RS 1110 University of Huddersfield Queensgale Huddersfield West Yorkshire HD1 3DH Accountants: Forrest Burtinson Chartered Accountants 20 Owl Lane Dewsbury WF12 7RQ Bankers: National Westminster Bank PLC 8 Market Place Huddersfield West Yorkshire HD12AL
The Huddersfield Contemporary Music Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 The Committee of Management of the Huddersfield Contemporary Music Festival Limited is pleased to present its annual report together with the financial SLltements for the year ended 31 March 2024, which are a150 prepared to meet the requirements for a directors. report and account5 for Companies Act purposes. The reference and administrative information set out on page I forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out in note l and comply with the ch2rity's governing documen( the Charities Act 201 l. the Companies Att 2006. and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irdand (FRS 102). Governing Document: Article5 of Association The Huddersfield Contsmporary Music Festiwal Limited is a company limited by guarantee. having no share capital and is a registered charity. It has been governed for Tnany years by its Memorandum and Articles incorporated on 18 April 1983. These 'Articles of Association. are available to The Charity Commissioners from the Festival Office if required. Appointment of Members of the Commtttee of Management (the Trustees) The Committee of Management is also the Board of ManagemenL For the purposes of company law. the members of the Committee of Management are the Directors of the Huddersfield Contemporary Music Festival Limited and for the purposes of charity law are its trustees. Potential new members are identified by current Board members and executive staff taking accoun( where appropriate, of external advice and the requirement for specialist skills. New members invited on to the Board between Annual General Meetings only hold their posc on a casual basis until their appointment is confirmed at the next AGM. Observer5 from Arts Council England and Kirklees Council are also invited to attend meetings of the Board of ManagemenL Trustees Induction and Training After Selection, potential new trustees are invited co meet with the chair of the Board and Chief Executive prior to attending their first Board Meeting which is considered as probationary by both parties. If both the new member and the Board are satisfied. their appointment a5 trustee is confim)ed in writing. They are given documentation relating to their responsibilities under company and charity law and copies of the Articles of Association and most recent Annual Report and Accounts. Structure The Articles of Association state that there should be a minimum of three members of the Board of Management (called Directors in the new Articles) but no upper limit is set. This has rarely been more than 15 and currently there is a membership of nine (see page l of the annual accounts for a list of member5}- The Board meets approximately quarterly and has the power to appoint the Artistic Director and Chief Executive. The Chief Executive and Artistic Director roles are the responsibility of Mr Graham McKenzie. He ha5 been in post since January 2006 and has delegated authority. regularly monitored by the Board of Management. for operational m2t¢er5 including artistic direction and content of the lestival. finance. employmenc and ass(xiaied activities. Festival Partners and Supporter5 Viability and sustainability remain robust through a range of key partnership5.
The Huddersfield Contemporary Music Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 University of Huddersfield The Huddersfield Contrmporary Music Festival has had very close links with the Music Department of the University of Huddersfield since it began in 1978. Whilst retaining artistic independence. we coniinue to work in c105e co-operntion with the Universicy in a relationship which is seen as being of great mutual benefi( including the significant benefit of the in-kind provision of office space for the Festival team. Arts Council England There continues to be a close relationship with officers from Arts Council England (ACE). hcmfll is part of Arrs Council England's National Portfolio Organisations (NPO) portfolio. a sthtus which 15 confirmed until 2026. NPO status is a vital lement of the fucure stability of hcmfll. There is a formal, annu21 proce55 of review and risk assessment by ACE. Ind both the Chief Executive & Artistic Director and the Chairman of the Board of Management take part in that process. Kirklees Council Kirklees Council invested a total of £30.000 in hcmfll in 2023-24. further demonstrating that the Festival remains a priority for chem as a key cultural offer in the distriCL PRS Foundation PRS Foundation decided to end its programme of three-year funding cycles (which hcmfll had previously been a recipient ofj in 2017 and instead established x Talent Development Fund with funds to be awarded annually. hcmfll has been warded Talent Development Partner annually since 2018. International Networks The international profile of hcmfll continues to be 5crengthened by the Network of International Curators and Festivals INICAF), of which hcmfll is a founder member, providing the Fesuval with a strong co-commis5ioning. co-producing, and international touring platform across Europe. In 2019 hcmfll was awarded funding from the Creative Europe Progrnmme of the European Union as a member of the large-scale cooperation project Sounds Now. Sounds Now is a network of nine European music festivals and cultural centres that promote contemporary music. experimental music and sound arL and are concerned with the way in which curation reproduces the same patterns of power and exclusion that are dominant at all levels of society. The Sounds Now project is the result of several years. collective discussion and rdection on our roles a5 curators working at an international level, and the socio-political responsibilities that this role carries with IL hcmfll remains a member of the Europe Jazz Network {EJN). Art15tic Programme In 2023, hcmfll produced a l O-day festival featuring a programme of 61 live performances. ralks. exhibitions, installations and workshops. As well as a concerc programme featuring 25 World Premieres, 70 UK Premieres and 13 hcmfll commissions, we produced a day of free events investigating the relationship between the environmental crisis and the arts as part of The Current Climate,. and a full day of hcmfll shorts. delivering 15 free performance5 in venues across the town centre as part of our ongoing efforcs to remove barriers to accessing cultural experience5. We were delighted to presenc two new works ar chis year's festival which were commissioned as part of Kirklees Year of Music 2023: Irish sound artistlcomposer Naralia Beylis's excellenc Around Here. The &"rds Plant The Trees, and Bar2 Gi51adottir's epic work for Riot Ensemble The moon is on eye is o Pond and 50 on ond so forth which closed out this year's festival edition. The Beylis will now go to New Music Dublin in 2024. and the Gisladottir to SPOR (Denmark) in May 2024.
The Huddersfield Contemporary Music Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 The Sheer diversity of work from Composer in Residence Jennifer Walshe provided a strong spine throughout the programme. with the UK premiere of her collaboration with Oslo Sinfonietra. PERSONHOOD making for a wonderful opening event. In addition to Walshe's work for the stage, she presented a wonderful exhibition at Huddersfield Art Gallery - while just across the Piazza at Dai Hall was an installation resulting from a collaboration with Kirklees-ba5ed We In Front walking group, referencing a day in May when a group of London-based young artists were invited by We In Fron¢ to join them on a walk through Huddersfield, taking in sites of importance co the Caribbean community. Members of the group were present in the gallery throughout the week co share their memories and stories, and to extend invitations to anyone interested to join them on their walks. There was significant interest in this year's edition from the new music sector across Europe and beyond. with an unprecedented 60+ professional delegates attending the festival on the opening weekend including representation from Finland. Ireland, Lithuania, Estonia. Switzerland. Germany. Ukrnin4 Denmark. Norway. Iceland, Belgium. Netherlands, Greece, France, Poland. Brazil. Indonesia, Thailand and the Lebanon. Outside of the festival, our year-round activity included a paid opportunity for 6 arri5ts interested in creating contemporary musical theatre to t2ke part in a day-long workshop led by Opera Aperta's Roman Grygoriy and Illia Razumeiko (whose critically acclaimed CHORNOB YLDORF opened hcmfll 2022)-. a free-to-attend public lecture-presentstion by Grygoriv and Razumeiko,- and a week_long installation of Matthew Wright'5 Lo(ked Hybrids. produced in partnership with the University of Huddersfield's Cultures of Sound. In 2023-
Filled capacity across the festival was 71 % Average revenue per ticketed event increased by 3Yo on 2022 52/0 of the work we presented vrfas created by womenlgender minority artists, with 79Yo of events featuring womenlgender minority music creators overnll 55/0 of featured composers were womenlgender minority music creators 52Yo of our programme Y5 free to attend 49Yo of tickets were sold at discoUndIC0ncesS1onary rates 31 OO+ people attended free vients during the festival. with 6000+ people engaging with our free events programme year-round 13,000+ engaged with our work throughout the year Learning & Participation In 2023-24, we provided the following activitie5 in order to in¢se participation opportunities amongst children, young people and other communities: A 5-week primary school-based project in collaboration with Kirklee5 Library Services involving 25 children from Year 5 of Whitechapel CofE Primary in Cleckheaton. designed to encourage reading for pleasure through the creation of 50undscapes (inspired by a book chosen by the children) and culminating in a public installation at Cleckheaton Library A podcasting workshop for Year 6 pupils at Scholes Primary Sch¢)ol 2 x workshops for young people and their families as part of Woven Festival 4 weeks of music activity for I1-16-year-olds as part of the HAF I Schools Out! summer programme 5 x online videos as part of Sangam Festival. introducing people of all ages to 3COUStic instrumentation found in classical and folk music from the Indian subcontinent A Series of 24 online educauonal videos for babies and toddlers, released via our YouTube channel 2 x Arts Award Discover workshops delivered at Batley and Birstall Libraries during October half_term 2 x workshops with sound artist Rebecca Lee (l open to all I I for women and Sender minority participants) 2 x Music at Play workshop5 for under 5s and their families. led by percussionist and community music leader David Insua-cao A participatory workshop (for women and gender minoriry participants) exploring experimental Al approaches to comp051tion, led by Maria Sappho
The Huddersfield Contemporary Nlusic Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 A musical exploration of graphic score5 and experimenral sound journeys by pupils from 5 Kirklees primary schoo15 (in collaboration with Edges Ensemble and Shape North) as part of KYOM23. resuliing in a large-scale concert in Huddersfield Town Hall during hcmfll 2023
A two-day field recording course (for women and gender minoricy P2ClPants) with Jo Kennedy as part of COMA Festival 2024 Total engagement wich this progrnmme of activity was 7,124 (470 live16,654 digital). Participant feedback includes- 'It was enjoyable and very interesting.. 'A great course with a great teacher. 'A very enjoyable introduction to creating 'loops 'For an hour and a hall-lons workjhopi l Fnuinely 8Ot a lot out of it- thank5 for putting li on.. '1 liked learning new skills that I didn't already know. like how ro use a book in a new way using different instruments.. 'If I had the chance to make a soundscape again, I'd definitely do IL. '[ want to come back every day. Thank you very much for bringing me here.. I think it's made the children understand books in a different way to just sitting and reading them. It's helped them to really unpick what's going on. They've really urTrderstood the imagery in the book and this has helped them to pick those skills out and all the technical skills. using the iPads, some of them have tried again outside of class which is just amazing. Not even related to a book, they are outside, in nature and asking themselve5 how to make music. They now See that everything is musical.. (Teocher) 'What a project it's been It's been so lovely that they could produce something that was a piece of artwork and suddenly it became units of sound for them. (Teacher) 'The fact that they can use any instrument.. they might not be the ones that have traditional music lessons...they can still make music themselves.. {Teocher) 'A lot of our pupils have never performed anywhere before... it's been an amazing experience and vye'd love to be part of it again., (Teocher) Opportunitie5 hcmfll provided approximately 280 paid opportunities for artistslpractitioners in 2023-24. In addition to this. hcmfll employs the following 5taffr. 3 full-time and 2 part-time roles within the core team External production management company (TG Event5) External marketing and presslPR consultants (Bonner & Hindley> External Front of House support during Ihe festival Marketing & PR In 2023 hcmfll produced a brochure which was available in printed fomiat a5 well as online: h@mf.co.umw J)-contentluplo3.dsIh.ml-p.r.OZra_mffle-_2_o?3-Wejb Its-witm.8rt1 f
The Huddersfield Contemporary Music Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 Full programme details were listed on www.hcmfco.u advertised in The Wire magazine. Creative Kirklees and Culture Hoso Lnd the 2023 Festival was also During 2023..
Facebook likes increased by 7% Facebook followers increased by 3.5% X (Twitter) followers increased by 1% Instagram follower5 increased by 28% Press AVE was + £350K In the lead up to and during the 2023 festiwal-. Our Facebook reach was 30.266 Our X activity generated 265K impressions Our In5tagram 2Ctiviry reached 20.243 accounts BBC Ridio 3 were also in residence in Hudderstield throughout the festival. with two episodes of the New Music Show dedicated to hcmfll 2023 raking place during December 2023 and broadcasts from the festival contsnuing into 2024. Risk Management hcmfll's risk management policy was reviewed in 2023-24. hcmfll evaluates and carries out a risk assessment for all of its activities financial and performance related - against a series of Key Performance Indicators (KPIS) which are agreed and reviewed annually with our core funders (Arts Council England and Kirklees Council)- Objectives & Activitie5 Huddersfield Contemporary Music Festival (hcmfll) is Britain's leading festival of new music. acclaimed for the quality and breadth of its programmes; it is highly regarded nationally and internationally. and aims to bring together the very best composer5 and performers of contemporary music in a variety ofgenre5. The core aim5 and objectives of the Festival remain to provide life-changing and unique artistic experience5 to as wide an audience as possible.. to be an international platform for new music and related contemporary art forms in the UK- to enthuse existing audiences and draw in new ones through adventurous programming and diverse, informed presentation.. to provide innovative creative opportunities for all.. to reduce our environmenLII impact and make progress towards SUStsinability,' and to be an ambitiou& dynamic parcicipant within our cultural community. Public Benefit We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular. we regularly consider how planned activities will contribute to the aims and objectives that we have set The Committee of Management is satisfied that Huddersfield Contemporary Music Festival fully meets the Charity Commission's guidelines with regard to delivering public benefit Much of the work and many of the performers pre5entrd at hcmfll both now and in the past are rarely heard in live performance in the UK. In attempting to select the very best of the 'new'. both in trrms of the composition and interpretstion of contemporary music, hcmfll is providing the public with a unique opportunity to see and hear the cutting edge of musical development from the UK and around the world. Such music 15 nor usually viable in any conventional commercial setting at this stage of its development. 50 Without such a high profile showcase we believe the ongoing development of the genre would be significantly diminished in the UK. We do. however. make every attempt to make a programme that is not only anistically challenging and of che highest quality. but also one that will appeal to as wide a range of the public, both in terms of age 2nd of cultural backgrounds, as is feasible. In addition. by giving younger artist5 and composers the opportunity to present their work as part of an internationally acclaimed festival, hcmfll ha5 often been 2 major factor in the establishment of the careers of individuals and ensembles who have gone on to international recognition.
The Huddersfield Contemporary Music Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 hcmfll embraces its role as an effective local trainer for the cultural and creative industries. providing week-long placements for high schoollcollege students and a wide range of vdunteering opportunities from Stewarding and artist liaison co technical skills and event management. hcmfll has a demonstrable track record in recruiting young people locally often to their first paid full_time post- who have an arnbition to work within arts and cultural management. Interns and junior staff members have gone On to secure in demand posts With the Southbank Centre. Almeida Theatre, Cheltenham Festiydls, Opera North. the BBC, Yorkshire Sculpture Park and Aotearoa New Zealand Festival of the Arts. Financial Review The Board of Management would like to acknowledge the debt of gratitude we owe to our fundersl partners, without whom the festival would not be possible. In 2023-24 they included: Arts Council England Kirklees Council University of Huddersfield British Council Vaughan Willixms Foundation Hinrichsen Foundation PRS Foundation Ernst von Siemens Music Foundats'on Culture Ireland Music Information Centre Lithuania Lithuanian Culture Institute Goethe-lnstitut Diaphonique The Creative Europe Programme of the European Union BBC Radio 3 Other groups who provided valued support include- CeReNeM Heritage Quay Muso Publishing HISS TG Events Ltd Evoke Bales Mill Lawrence Batley Theatre The hcmfll Members The Festival is particularly grateful to the Art5 Council England for irs major ongoing supporc both at a financial and strategic level. The charity's total income in the year was £551,196 {2022123= £583.104)- Total resource5 expended in the year wa5 £638,234 (2022123: £621,695). There was a net deficit for the year on unrestricted activitie5 of £48.833. leaving unrestricted reserves standing at £53.489 and restricted reserves standing at £Nil ac 31 March 2024. Income from grants was £497,001 (compared to £537.137 in 2022123). of which £356.073 was in unrestricted and £140,928 was in restricted funds. The direct cost of producing the contemporary music festival was £411,282 (compared to £464,742 in 2022123). Income from the Learning & Participation programme was £3,300 (2022123: £4.620) with expendlture of £18,902 (2023123= £17,633).
The Huddersfield Contemporary Music Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 The Board and Executive staff have worked hard to maintain a stable budget in this financial year without compromising the qualiry and artistic excellence of the festival. or risk to its market position and international reputation. Reserves Policy It is the policy of the Board of Management thxt reseryes should achieve an amount equal to approximately three month5, operational expenditure {no less than 150.01)O). in order to-
Cover lags in funding flows Take account of the increasingly uncertain funding environment Mitigate the effecc of unexplained failures or defaults in funding k Provide a cushion for unforeseen contingencie5 AJ at 31 March 2024 this pEJlicy ha5 been a5 detailed In Ihe Flnanclal Revlew above. Plans for the Future The Artistic Director & Chief Executiv< together with the management and administrative staff, have continued to make significant progress on artistic, organisational and financial fronts. The financial situation remains challenging in the currenc climate. however the charity remains in positive financial balance. We have continued to receive strong reinforcement of our various strategies through the commitment of our major funding partners- Arts Council England, The University of Huddersfield and Kirklees Council - despite the fact that all these organisations have themselves been going through difficult financial times. hcmfll 2023's l O-day edition was hugely successful, and the Board remains comrnitted to doing everfching within its power to maintain this ambition and qualiry. Our Executive Team continues to seek new sources of funding and to find innovative ways of presenting the very best in contemporary music within budgetary constraints. Our ongoing aim5 and objectives are to: Increase and diversify our audience base. and dÈvelop new audiences in line with our broader artistic remit Increase our income base frotn a variety of sources Present a festival that is fil for purpose Continue to build reserves Establish a more significant regional presence throughouc theyear Identify and work more proactively with new partners in the sector. within the UK and internationally Support and promote new talent in the genre Develop our Learning & Participation programme and increase our resources for learning activity Reduce our environmencal impact and make progress toward5 5U5tainability Inclusion and diversity remain a prioriry at all levels of the organisation. with the following area5 having been identified as a particular focus in 2024_25.. Gender equality Socioeconomic barriers to access 2024 marks the final year of the Creative Europe-funded project Sound5 Now (https."Ilwww.sounds-now.eul). of which hcmfll is a founding member. The projecL which launched on l December 2019, is the resulc of several year5 collective discussion and reflection on our roles as curators dealing with the 50cio-political responsibilities that this role carries with it. Sounds Now is concerned with the way in which curation reproduces rhe same patterns of power and exclusion that are dominant at all levels of society and aims to actively stimulate interseccional diversiry within our professional field opening up che cap2city and possibility for differÈnt experiences. conditions and perspectives to be defining forte5 in shaping the sonic art that reaches audiences today.
The Huddersfield Contemporary Music Festival Limited Report of the Committee of Management For the Year Ended 31 March 2024 Fixed Assets Acqui51tions and disposals of fixed assets during the year are recorded in the notrs fonming part of the financial statements. Statement of Trustees. Responsibilities The Committee of Management {who are also the direttors of The Huddersfield Conomporary Music Festival Limited for the purposes of company law) are responsible for preparing the annual report and financial statements in accordance with Applicable law and United Kingdorn Accounting Standards. includin8 Financial Reporting Standard 102.. The Financial Reporting standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requires the Committee of Management to prepare financial sotements for each financial year which give a true and fair view of the stace of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources. including income and expenditure. for the financial year. In preparing those financial SLltements, the Trustees should follow best practice and-, select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and pruden( state whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unle55 it is inappropriate to presuffle that the charitsble company will continue on that b3Si5. The Trustees are re5pon5ible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charirable company and hence for taking reasonable steps for the prevention and decection of fraud and other irregularitie5. By order of the Committee of Management Andrew Kuro 26 October 2024
Huddersfield Contemporary Music Festival Limited Charity No. Independent Examiner's Report to the Trustees on the Unaudited Financial Slatements of Huddersfield Contemporary Music Festival Limited Company No. 514614 1715684 I report to the charity Iruslees on my examination of the accounts for the company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company ( and also ils directors for the purposes of COTnpany lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the accounts ofthe company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinalion. I report in respect of youf chanty's accounts as carried out under section 145 of the Charities Act 2011. In carrying oul tny examination I have followed the Directions given by the Charity Commission under section 14515) (b} of the 2011 Acl. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a qualified member of the Institute of Chartered Accountants in England and Wales. which is one of the listod bodies. I have completed my examination. I confirm that no matters have come to my allenlion in connection with the examination giving me Cause to beSieve'. accounting records were not kepl in respect of the company as required by section 386 of the '2006 Act.. or the accounts do not accord with those records" or the accounts 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 olan independenl examination: or the accounts have not been prepared in accordance with the method5 and principles of the Slalement 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 order to enable a proper understanding of the accounts to be reached. Use of my report This report is made solely to the charivs Iruslees. as a body. My work has been undertaken so that I might 51ate to the charity's trustees those matters l am required to slate to them In an Independent Examiner'5 report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report. for the statements I have made, or for the opinions I have slated. (J Dated 181h November 2024 Charles Sheard ACA Member of The Inslilule of Chartered Accountants in England and Wales Forrest Burlinson Chartered Accountants 20 Owl Lane. Shawcross, Dewsbury WF12 7RQ 10
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds Restricted funds 2024 Total 2023 Total Notes Income: Donations and legacles Donations and similar income 12,654 12,654 10,950 Income from charitable activities Contemporary Music Festival Grants Box office and other festival income Learning and Participation programme Grants Creative Europe (Sounds Now Projecti Workshops 356.073 39.366 137,628 493.701 39.366 480,007 34,452 3.300 3,300 4,620 52,510 Investment Income Bank deposit interest 2.175 2,175 565 Total income 410.268 140,928 551,196 583.104 Expenditure Charitable activites- Contemporary Music Festival Building Fundraising Capacity Learning and Participation Programme Feslival and Audience Development Sound Now Project Governance Costs 270.919 9.643 15.602 33,538 72,802 56.597 140,363 411,282 9,643 18,902 33,538 108,272 56,597 464,742 16,467 17,633 44,614 23,652 54.587 3.300 35.470 Total resources expended 459,101 179.133 638,234 621,695 Net movement in funds (48.833) (38.205) {87.038) (38,5911 Reconcilliation of funds: Total funds brought forward 102.322 38,205 140,527 179,118 Total funds carried forward 53.489 53,489 140,527 The statement of financial aclivities include5 all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing aclivities. The profivdefecit for Ihe year for Companies Act purposes comprising Ihe net movement in funds for the year was deficit £87,038 (2023- Profit £38.591 ).
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED BALANCE SHEET AS AT 31 MARCH 2024 Total 2024 Total 2023 Notes FIXED ASSETS Tangible assets 811 570 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 96.432 79.423 175.855 87,619 113.120 200,739 CURRENT LIABILITIES Creditors amounts falling due within one year {123,177} 160,7821 Net current assets 52,678 139,957 Total assets less current liabilities 53,489 140,527 NET ASSETSIILIABILITIES} 53.489 140.527 FUNDS Unrestricted funds 10 53,489 102.322 Restricted Funds 10 38,205 53,489 140,527 For the year ended 31 March 2024 the company was entiued to exemption from audit under section 477 of the Companies Act 2006 relatir)g to small companies. Directors responsibilities. The members have not required the company to oblain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for comptying with the requirernents of the Act with respect lo accounting record5 and the preparation of accounts. The financial statements were approved by the Commrttee of Manage behalf by nt on 18th November 2024 and signed on its Mr Andrew Kuro li D,L Professor Michael Peake Company nLJmber. 1715684 The accompanying notes are an integral part of this balance sheet 12
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2024 2024 Total 2023 Total Notes Net cash used in operating activities 15 (34.6551 118,252) Cash flows from investment activities: Interest 2,175 565 PLJrchase of fixed assets (1.216) Net cash provided by (used in) investing activities 959 565 InGreasel(decrease) in cash and Gash equivalents during the year (33.696) 117,687} Cash and cash equivalents brought forward 113.119 130,806 Cash and cash equivalents carried forward 79,423 113,119 13
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies The principle accounting policies are summarised below. The accounling policies have been applied consislenlly in dealing with items considered matellal in relation lo the financial Statements. Basis of preparation The financial 51alements have been prepared in accordance with Accounb"ng and Reporting by Charilie5- Ststernenl of Recommended Practi applicable lo charities prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and ttte Companies Act 2006. Asset5 and liabilities are recognised at historical cost or transaction value unless otherwise staled in the levant accounting policy note_ The Charity meets the definition of a public benefil enlity as defined by FRS 102. The financial statements have been prepared on the going concem basis svhich assumes thal curfenl and future sources of funding and SUPFX)rt will be adequate lor the chantable cofflpanls needs. Fund accounting Unrestricted funds comprise accumulated Surpluses and defials on general funds_ They are available for use at the discretion of the Committee of Management in furtherance of the charitable objectives. Designated fund5 compnse funds set aside by the Committee of Managefflent out of unrestr.cted funds for specific future PLJrposes or projects. Reslricled funds comprise monies raised for. and their use restricted to.a specific purpose, or donations subject to conditions imposed by the donor orthrough the terms of appeal. Incoming resource5 All incoming resources are included in the Slalement of Financial Activilies when the charitable company is legally entitled lo the incnme. it is rtain that the income 11 be reiVed and the amount can be quantified with reasonable accurary. The following specific policies are applied lo particular categories of income. Voluntary income is received by Way of donations and is included in full in the Statement of Financi81 Activities. Bank interest receivable is fully accrued al the balance sheet dale. Incoming resources from charitsble ath"vities are received by way of grants. sponsorship and box office and other festival income, and are included in full in the Statement of Financial Activitie5. Incoming resources where enlillement is not conditional on the delivery of a specific performance by the charitable company are recognised when the charitable company becx)mes uncnnditionally entled lo the income. REsourGe5 expended ReSoUrS expended are recognise¢J on an accnjals basis vthen a liability is incurred. as soon as there is a legal or constructive obligation (x)mmitting the charitable (x)mpany lo the expenditure. Expenditure includes any VAT. which cannol be reu)vered. and is reported as part of the expenditure lo which il relates. Charitable expenditure comprises those costs incurred by the charitable cofflpany in the delivery of ils aclivilies. 11 includes both cosls that can be allocated directly lo such activities and those costs of an indirect nature necessary lo support them. Governance costs include those costs primarily associated with meeting the conslitulional 2nd statLJtory requirements Df the charitable company and Include the auditors. remuneration and legal fees and costs linked lo the Gharitable companys compliance with regulation and good practiEe. 14
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 All costs are allocated beiween the expenditure categories of the Statement of Financial Activitie5 on a basis designed lo reflect the use of the resource. Costs relating lo a particular activity are allocated directly, others are apportioned on the basis of estimates of the proportion of lime spenl by staff on those activities. Operating leases Rentals payable under operaliro leases are charged to the Statemenl of Finanual Activiles as incurred over the temi of the lease. Pensions The charity operdtes a slakePM)Ider pension scheme lor its employees. The charity has no liability beyond making its rA)nlributions and paying acr05S the deductions for the employee's contributions. Tanglble fixed assets Tangible fixed assets are staled al cost less accumulated deprecialion. Tangible fixed assets are depreciated at rates calculated io Wfrte off the costs of each asset over its eslimaled useful life 85 follows= Office Equipment 33°A Straight line basis Debtors Debtors are recognised at the settlement amount due after any discount offered. Cash at bank and in hand Cash al bank and in haTrJ includes cash arml any short tem highly liquid investments and deposit accounts. Croditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that wll probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are normally COgniSed al their settlement amount afier allowing for any discaunts due. Financial instruments The charity has financial assets anrj liabilities of a kirKI that qualify as basic financial instruments. Basic financial instruments are initi811y regnised at transaction value aThl subsequently at their settlement value. 15
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrostricled Restricted Funds Funds 2024 Total 2023 Total Grants receivable United Kingdom Arts Council England Kirklees Council Kirklees Council Year of Music 2023 PRS Foundation PRS Foundation previous years University of Huddersfield RVW Trust Ernst von Siemens Music Foundation Hinrichsen Foundation British Council 286.073 30.000 286,073 30.000 3.300 11,000 7.500 40.OOD 246,073 31,000 10,000 11,oao 3,300 11.000 7,5QO 40.000 40,000 5.000 25,142 6,000 37.800 20,735 8,000 9,750 5.000 5.162 20.735 8.000 9.750 5.000 5.162 Vaughan Willigms Found&tioD Diaphonique, Franc0-BritisIrish fuThl for dassical cnntemporary music Childrens Art School Arnold Clarke We are IVE Lld 2,500 1.000 120 415,635 100 70,547 100 426.620 356,073 Overseas Culture Iwland STIM ISTIM Forward Fund) Creative EuiDpe (Sounds Now) Lithuanian Culture Institute Goethe-lnslitut London Pro Helvetia European Festivals Funds for Emerging Artlsts IEFFEA) 36.865 36,865 14.064 34.541 52.510 17.653 20.828 1.730 9,813 1.145 70.381 20,828 1,730 9,813 1,145 70.381 2,734 121502 Total Grants 356.073 140.928 497,001 537,137 2024 2023 Box offtce and othor festival incorne Net festival box office income Broadcasting fees - BBC Radio 27,168 12,198 30,482 3,970 3g,366 34,452 HCMF is also extremely grateful for the intangible in-kind supw)rt provided by the University of Huddersfield. and the Lawrence Batley Thealre which is estimated to have amounted to £ 31,650 during the year {2023.'£31.6501 16
THE HUDOERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Support costs Staff Costs Artists foes Other dI¢t & exp8nsos costs Office Costs 2024 Total Total resources expended Contemporary Music Festival Building Fundraising Capacity Leaming & Participation Programme Festival and Audience Development Sounds Now Project Govemance Costs 180.224 85.429 140.050 9.643 14.817 15.141 7.869 43.156 5.579 411.282 9,643 18.902 33.538 108,272 56,597 4.085 18.397 23.743 76.660 13.441 260.969 127.569 230,b7éi 19,020 638.234 Support costs are allocated on the basis Of estsmates of the pmportion of time spent by stsff on those activities. Cost allocation includes an element of judgement and the charity has had to consider the cost benefit of detailed calculations and record keeping. Therefore the support (x)sts shown above are a best estimate of the costs that have been so allocated. 2024 2023 Total costs indude". Independent examination remuneration Depreciation 1.50D 975 1.500 966 Remuneration and reimbursement of expenses to the Committee of Management One member of Ihe Committee of Managernent received payment for their servi5 during the year12023 £Nill. L Bowler Performance and commission fee £1.400. The charity reimbursed out of pocket expenses of £1.206 to 4 rneMbe of the Committee of Management during the year12023'. 2 Membe £2391. 2024 2023 Staff costs and consultants Employees: Salaries and wages Social security costs Pension Costs 147,195 9.034 3.171 159.400 129,085 7.810 2.850 139,745 Consullanls 20,664 22,522 180,064 162,267 17
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 The number of employees whose emoluments as defined for taxation purposes amounted lo over £60.000 in the ye3r was nil12023 nill. The average number of employee5 calculated on a full-tiffle equivalenl basis, analysed by function was 2024 Number 2023 Number Festival Programme Festival Development Govemance Office Equipment Total Tangible fixed assets C05t At 1 April 2023 Addilions 15.336 1.216 15,336 1,216 Al 31 March 2024 16,552 16,552 Depreciation At 1 April 2023 Charge for year 14,766 975 14,766 975 At 31 March 2024 15.741 Net book value Al 31 March 2024 811 811 At 31 March 2023 570 570 Debtors Income receivable Prepayments VAT recoverable 83.829 1.665 10,938 73.030 975 13,614 96.432 87.619 2024 2023 Creditors. amounts falling duo withln onE year Other trade creditors Accrua15 70.870 52,307 6,237 54,545 123,177 60.782 18
THE HUDDERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 Transfers between funds Incoming Rgsourcas resources expendgd 2023 2024 10 Statemenl of funds Unrestricted funds General FuThJ Designated Fund Organisalional Resilience fund 87.322 410,268 (459.101) 15.000 53.489 1S.000 {15,000} 102,322 410,268 459.101 Restricted Funds Artistic Programme Fund Learning and Participation Fund Sounds Now Project 2.735 137,628 (140.3631 3.300 13.3001 35,470 179,133 35,470 38205 140.928 Total Funds 140.527 551.196 638,234 53.489 Transfers between funds Incoming Resour5 resources expended 2022 2023 Statement of funds Unrestricted funds General Funcl Designated Fund Organisalional Resilience furwj 122.506 362.040 (432,224) 35,000 87.322 50.000 135,000) 15,000 172506 362,040 432,224 102,322 Restricted Funds Artistic Programme Fund Learning and Participation Fund Sounds Now Project 163.934 (161.1991 4.620 14.6201 52.510 23,652 221.064 189.471 2,735 6,612 6,612 35.470 38,205 Total Funds 179 118 583,104 621.695 140,527 19
THE HUDDERSFIELO CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 Artistlc Programrne Fund In order for HCMF lo deliver elements of the Festival prograrnme. specific applications were submitted in the year ending 31 March 2024 to a number of trusts. foundations and overseas bodies. Learning and Participation Fund This fund represents monies received from several funders to enable hcmf kn deliver a year round learning and participation programme. Croative Europe (Sounds Now Project) This fund represents funding received from the Creative Europe program of the European Union in relation to the delivery of the Sounds Now project. Cenlering on three pillars of diversity 1geIer1gender identity. ethnic and socio-economic background), Sounds Now alms to ath.vely stimulate inclusion by focusing on the social and artistic role of the curator in contemporary classical music and sound art. Organisational Rosilience Fund Established in 2021 to be drawn upon at the Trustees. discretion, in order to respond dynarnically to changes in the environment in which the charity operates and secure its future sustainability. Funds We drawn in 2024_ General Deslgnated Restricted Fund Fund Funds Total 11 Analysis of net assets bgtwgen funds Fund balances at 31 March 2024 are represenled by-. Tangible fixed assets Net curreT71 asselsllliabilities) 811 52,678 811 52,678 53.489 GeneTrl Deslgnated Rgstrictod Fund Fund Funds Total Analysis of net assgts between funds-previous year Fund balan$ at 31 March 2023 are represented by: Tangible fixed assets Net current assetsllliabilities) 570 86.752 570 139,957 15,000 38,205 87,322 15,000 140,527 12 Related party transactions Professor Michael Clarke and Professor Nic Clear are employed by the Univetsity of Huddersfield, the University awarded grants and donalions of £40,000 lo hcmf in the year12023 £40,000) and provided office space and venues rent free. Dr Michael Peake provided a donalion of £1.575 12023=£3501 to the Festival in the year . 20
THE HUODERSFIELD CONTEMPORARY MUSIC FESTIVAL LIMITED NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13 Taxation The Huddersfield Contemporary Music Festival Limited is a wislered charity and Iherefore is nal liable to Income lax or corporation lax on income or gains derived from its charitable activities. as they fall within the various exemptions available lo registered charities. 14 Liablllty of fflombers The charity is constituted as a cofflpany limited by guarantee and has no share capital. The liability of the members in the event of the company beirvJ wound up is limited to a sum not exceeding £1 each. 15 Rgconcillatlon of net movements in funds to net cash flow from operating actlvlties 2024 2023 Nel movement in funds Add back depreciation charge Deduct interest income smown in investing activities Decrease (increase) in debtors Increase Idecreasel in creditors Not cash used in operatlng activities {87,0381 975 12,1751 18,8131 62,396 34.655 138,5911 966 15651 840 19,098 18.252 21