| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |
| FOR |
| BRITISH ISLES MUSIC FESTIVAL |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |
| FOR |
| BRITISH ISLES MUSIC FESTIVAL |
| BRITISH ISLES MUSIC FESTIVAL |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 September 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 10 |
| BRITISH ISLES MUSIC FESTIVAL (REGISTERED NUMBER: 08040229) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 September 2025 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of 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 Ireland (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The objectives of the charity are to provide collaborative, non-competitive chamber music and master class courses in which the emphasis is a sharing of musical knowledge. It provides tuition and performance experience for outstanding young musicians and students, many of whom are financially struggling. |
| Significant activities |
| In 2025 charity moved the course to Sherborne Girl's School in Dorset. This was because Charterhouse School was unavailable due to extensive building works In previous years attendance has been between 50 and 70 students attending from up to 24 countries, including the UK. BIMF is run in a unique way, programming an unusually high number of concerts given by the young musicians attending, in which repertoire is chosen by them in collaboration with the course Director. |
| Performance experience is at the heart of the festival and concerts are open to the public. In classes, gifted young musicians of different nationalities and cultures learn from the performance experience of internationally celebrated performers and teachers from world famous music conservatories. This can and does have a transformative impact in helping them to reach their full potential. It is a bridge from student life to the concert platform. Many of the young musicians who apply come from poor countries and very low income families. Students in general are struggling with high conservatory fees and student loans. Thanks to a number of committed and generous sponsors and donors, we are able to offer a number of scholarships and bursaries to needy musicians. |
| Public benefit |
| The charity confirms that the trustees have complied with their duty to have due regard to guidance on public benefit published by the Charity Commission in exercising its powers or duties and in deciding what activities the charity should undertake. The trustees believe that the charity's accounts demonstrate that it acts for the public benefit. |
| FINANCIAL REVIEW |
| Financial position |
| Applications from students were slow to start in 2025 and the numbers remained low, which meant that programming of the festival had to be dealt with later than usual. Final attendance was disappointingly low at 32 compared with 50 or more in previous years. Donations including gift aid were also low, compared with previous years, but we were still able to help many needy students with scholarships and awards amounting to £16,890.00. Festival course fees were £40,000.00 prior to awards and scholarships compared with £57,528.00 in the 2023 when the festival last ran, which led to a considerable deficit .To cover this deficit, Miss S Milan made a gift of £5960.00 and Kenneth Hsu made a gift of £4000.00. Our patron Philip Carne gave an extra £2000.00 and we also had a new sponsor who donated £750.00. |
| Going concern |
| The charity had a net deficit at the year end of £6,516.89 (2024 net deficit £1478.31). |
| The Charity has a commitment from Mr K Hsu, guaranteeing to underwrite any festival deficit of up to £25,000. This will be renewed annually. Mr Hsu re-confirmed his commitment for the year ending 30 September 2025. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| BRITISH ISLES MUSIC FESTIVAL (REGISTERED NUMBER: 08040229) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 September 2025 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Risk management |
| The trustees have considered the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to those major risks. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| N Roberts FCCA |
| Traviss & Co Ltd |
| Chartered Certified Accountants |
| Newtown House |
| 38 Newtown Road |
| Liphook |
| Hampshire |
| GU30 7DX |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| BRITISH ISLES MUSIC FESTIVAL |
| Independent examiner's report to the trustees of British Isles Music Festival ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | 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 of an independent examination; or |
| 4. | the accounts 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. |
| N Roberts FCCA |
| Traviss & Co Ltd |
| Chartered Certified Accountants |
| Newtown House |
| 38 Newtown Road |
| Liphook |
| Hampshire |
| GU30 7DX |
| Date: ............................................. |
| BRITISH ISLES MUSIC FESTIVAL |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 30 September 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Total |
| EXPENDITURE ON |
| Charitable activities | 2 |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | ( |
) | (1,478 | ) |
| BRITISH ISLES MUSIC FESTIVAL (REGISTERED NUMBER: 08040229) |
| BALANCE SHEET |
| 30 September 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) | ( |
) |
| FUNDS | 9 |
| Unrestricted funds | ( |
) | (1,478 | ) |
| TOTAL FUNDS | ( |
) | (1,478 | ) |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| BRITISH ISLES MUSIC FESTIVAL (REGISTERED NUMBER: 08040229) |
| BALANCE SHEET - continued |
| 30 September 2025 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| BRITISH ISLES MUSIC FESTIVAL |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 September 2025 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| 2. | CHARITABLE ACTIVITIES COSTS |
| Direct | Support |
| Costs | costs | Totals |
| £ | £ | £ |
| Music festival | 51,248 | 4,285 | 55,533 |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Independent examiners costs | 1,176 | 1,344 |
| BRITISH ISLES MUSIC FESTIVAL |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 September 2025 |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024. |
| Trustees' expenses |
| S Milan was reimbursed £1,000 in respect of Professional Fees in the period. |
| 5. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 2025 | 2024 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | (1,478 | ) |
| BRITISH ISLES MUSIC FESTIVAL |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 September 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| Accrued expenses |
| 9. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.10.24 | in funds | 30.9.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (1,478 | ) | (5,039 | ) | (6,517 | ) |
| TOTAL FUNDS | ( |
) | (5,039 | ) | (6,517 | ) |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 50,494 | (55,533 | ) | (5,039 | ) |
| TOTAL FUNDS | ( |
) | (5,039 | ) |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.10.23 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 51 | (1,529 | ) | (1,478 | ) |
| TOTAL FUNDS | 51 | (1,529 | ) | (1,478 | ) |
| BRITISH ISLES MUSIC FESTIVAL |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 September 2025 |
| 9. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 312 | (1,841 | ) | (1,529 | ) |
| TOTAL FUNDS | 312 | (1,841 | ) | (1,529 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| At | movement | At |
| 1.10.23 | in funds | 30.9.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 51 | (6,568 | ) | (6,517 | ) |
| TOTAL FUNDS | 51 | (6,568 | ) | (6,517 | ) |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 50,806 | (57,374 | ) | (6,568 | ) |
| TOTAL FUNDS | 50,806 | (57,374 | ) | (6,568 | ) |
| 10. | RELATED PARTY DISCLOSURES |
| S Milan (director & trustee) made a gift to the charity during the year of £5,960.00. |