Charlty reglstratlon number 1025480 Company reglstratlon number 02843135 {England and Wales) SWALEDALE FESTIVAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 t? xeinadin
SWALEDALE FESTIVAL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Elizabeth Bedford Gerry Broadbent lan Evans Mark Golding Marian Knowles Maria Layboum Susan Mlll8r Nell Slevenson Gavin Young Secretary Gavin Young Charfty number 1025480 Company number 02843135 Reglstergd offlce Hudson House Reelh Richmond North Yorkshire DL116TB Independent examlner Deborah Fl8tcher-McVay FCA Xelnadin Accountants Oak House. Market Place Bedate North Yorkshire DL8 1AQ
SWALEDALE FESTIVAL CONTENTS Page Trustees, repart Independent axamineV8 report Statement of flnanclal actlvltle8 Balance 8heet Not88 to the flnanclal statements 9-14
SWALEDALE FESTIVAL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual report and financtal stalements for the year ended 30 September 2024. The financial statements have been prepared in accordance wlth the accounting policies sel out In note 1 to Ihe financial slat8ments and comply with the charity's Memorandum and Articles of Association, Ihe Companies Act 2006 and "Accountlng and Reporting by Charitias: Statement of Recommended Praclice applicable lo 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)°. Objoctlves And aetivitles The main objective of the company is to present 8 programme of high-quality music, arts and walklng events in Swaledale, Wensleydale, Arkengarthdale and surrounding areas. To achieve this ihé company may deliver high- quallly events. pfoiTlOte educatlon and leamlng generally and act as an arts development body for the benefit of the community. Achlevlng tha objqctlves The company organises an annual tWL>Trweek festival, usually starting at the Spring Bank Holiday weekend, with professional musicians and acknowledged local perfomiers, presentlng around 50 ticketèd concerts. These are in a range of genres spread over more than 25 venues across the three dales and surrounding areas. The commlssloning and performance of new works are actlvaly encouraged. The festival programme includes workshops, talks. art exhibitions, poetry, dance. drama and themed walks. The Gompany aims to extend the benefits of musical appreciation and performan¢8 8cross the community. through an oulreach programme of workshops and events given by visiting artists for schools and care homes. Dellverables In achieving its objectives. the company aims to deliver: Highquality, affordabl8 arts for a wlde range of audlences, in a wde range of genres A spirit of community well-being for all involved with the festival as performers, volunteers or supporters Enhan¢ed local musicthmaking and appreclallon of local art New works in a variety of art foms Channets for effective liaison with other arts organis8lion8 An enhanced external profile for the northem dales and surrounding arèas, with concomitant developmental benefits Increased revenue for tocal business Achlevements and performance The Swaledale Festival fthe festival,) began wlth a handful of events in 1972. 11 has now grown into an award- wlnnlng medium sized rural f8stival with an intemational reputation for excellence in a wide range of arts activities and Commlssionlng of new work. The fèstlval. which is a registered charity, takes place over two weeks in eady summer every year. princlpally In churches and village halls in the northem dales of Yorkshire. The range of activities delivered In the period was in accordance wlth that descrlbed in the seclion on achieving the objectlves. The festfval brings top artists from all over the world to the area. and there ar8 also significanl platfomis for talenled local perfomers and up-and<oming young artists. Audlences comprise bolh r8sid8nts and visitors from further afield. The festival runs an extensive education and communily programme for people of all ages in schools, communlty cenlr8s and care homes.
SWALEDALE FESTIVAL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Flnanclal revlew These financlal 8lat8m8nts cover the year ended 30 September 2024. The slatements covering the 2023 festival were for the 14-month period to 30 September 2023, owing lo 8 change in a¢¢ounting dale from 31 July lo 30 September. Therefore, Ihe ported figures for overheads are not comparable between these two sels of financial statements. The Statement of Financial Activilies shows a surplus of unreslricled general funds for th8 year of £16,597. Thls positlve r95uIt has been achleved nolwlthstanding a prov151on for tha underspend of th8 grant receivable from Arts Coundl England Compared with the arnounl received In 2023. The f8StIv81 compdses tlcketed events and others provld8d wlthoul charge, Including another full outreach programme In schools and ¢are homes. For the first time, this programme included an extremely successful visil lo a prison wllh festlval staff and selected perforrnars. These oulreach events are not chaded for and rèly on funding from grants and local sponsors. Regardlng tlcketed events, ther8 were 8,296 tlckets sold, representlng 87. of the maximum avallable. Revenue from the tickeled events amounted to £120,515, represenllng £19.14 In revenue per tickel sold. This Compares wilh £98,000, 84% and £16.80 respecllvely for the 2023 festlval, Ourlng tho fe8tlv81'8 financial year, the staff, events management team and volunteers have all worked at capacily level8 to provlde tha full 2024 programme. The fe8tlval programme Is determlned well In advance of Its delivery In May and June each year. The costs of deliverlng tha programme can be budgeted wlth a r8asonable degr88 of accuracy. However. the 18V81 of Income from ticket 88les, membership subscriptions, grants and sponsorship cannot be gu8ranleed. Furtherniore, expendlture on the f8stlV81 tends to be Incurred in advance of Income belng generated. Accordingly. the trustees need to m81ntaln an adequate level of cash In re8erve lo meet the peaks in fundlng requiremonls. Under histoflc operatlng condltlons, the festSval has sought to hold cash tsserves at 31 July each year of al least £70,000 lo cover the autumn and winter months durlng whlch no funds are generated. Fundlng from Arts Councll England for the 202S has not yel been secured. However, the balance sheet al 30 September 2024 8how8 ca8h balance8 totalling £71,205 and unrestricted resenies 01 £84,102, bolh increased from £59,391 and £67,505 respectlvely at 30 September 2023. Taklng the88 factors Into account, the tru8tees belleve that the resepies at 30 S8Ptemb•r 2024 8re 8ufficlent to enable the planned programme of events for 2025 to be dellvered successfully. Structure, governanee and management The charlty Is a company limited by guar8nt88. Th8 truslees, who are also the dlrectors for tha purpose of company law, and who Served durins th8 year and up to the data of Blgnature of the financial Statements were: Ellzabeth Bedford Gerry Broadbent lan Evans Mark Goldlng Marfan Knowles Maria Laybourn Susan Mlller Neil Stevenson Gavin Young
SWALEDALE FESTIVAL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 All trustees are volunteers and receNe no fees or emoluments for their services. Gavin Young became a tmstee in 2005 and was appjinted Secretary in 20(hS, a position he has held since that lime. He is a solicitor, now retired. He has offered hlmself for WIecOn as a trustee every three years. He has also off8r8d himself for re-appointment as secretary every year at the amual general meeting IAGM). The board has been aware that re-appointmenls of more than g years require a parti([allY rigorous review and should consider the need for progresslve refreshing of the board. Artlstlc Vlslon Summary The festival has established a reputation which goes far bèyond its seiting in the rural North Yorkshire Dales. That reputation is built on a wsion of first-dass, exciting fflustc and arts which inspire and challenge artists and audienc&s allke and whlch both celebrate and transcend the setting. The company re-affirms Ihat vision and has fijrther developed the festival through a vigorous programme of )MmUnty and educational a¢tivily. Profe88lonals Artistic dlrector Malcolm Creese *epped down as artistic direclor at the end of this year's festlval. He look the festtval from strength to strength over seventeen years and we are grateful for his significant conlribulion to tts success and growth. Prior to leaving. he provided the festival team with a detailed programme for 2025. In doing so, he has facilltated a smooth transition for his successor. During the late summer and autumn months a search process was undertaken to Identify a fitting successor in the role. Applications were received from over 100 candidates. enabling a very impressive short lisl to be put together. Following a rigorous selects'on process. the trustees appointed Fraser Wilson as artistic direcior. Pianist. organisc composer. arranger and conductor, he joins us from Britten Pears Arts where he was head of perfomance and public engagement for the wortd-renownei1 Adeburgh Festival and ts year-round programme of music. He assum8d his role vth Swaledale Festival in November 2024. We are exated that th8 experience and skills he brings Varyll enable the festival to (atinue going from strength to strength. Staff We have three loyal part-time members of lh8 admlnlstrative team. two of whom primarity maintain and develop our marketing and publicity, and our education and community acliwties. The third member of staff is the féstlval administrator. Leading up to and during the period of Ihe festival, we use the service of an events leam of three for production support and artistic liaison. Volunteers and Frfends The festival now has around 75 acttve volunteers who assist mainly during the festival lortnight. They host and transport artlsts. dlstrlbule and replenish publldty. steward al events. and lead walks. Most of Ihe volunteers supporl several events or activities. Offlce The company oc(¥pies an office in Hudson House. Reeth (a Community building) under an annual licence. Dlverslty During the periods of lockdown, Ihe I1varS second diversty audit was produced. This set out the elhnicity and dlversity of the visiling artists and composers who were commissioned in 2022. In compiling the audil, much was leamt about the development of programmes. Thls will facilitale improved diversity in the luture.
SWALEDALE FESTIVAL TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Sustalnablllty The festival Is commltted to becomlng carbon neutral and will continue to discuss ways improvements and changes can be incoTporaled into our business plans. I the paper used by the festival is recycled. and any waste is shredded and reused in compostsbla toilets offslte. There is increased focu6 on MUltUSe marketing malerials which can be used year on year. The implementation of a doud document storage solution has proved successful and will help in working towards a paperless office in the future. The trustee appointrnent made in 2023 carries specthc responsibilty for sustainability. At ts NtNembw 2023 bDard meeting the trustees formalised their commitment in this respect by adopting an environment pollcy. Currently. a budget has been sel aside to consider the feasibilty of using buses to travel to events. The trustees, report was approved by the Board of Trustees. lan Evans Trustse Date..
SWALEDALE FESTIVAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWALEDALE FESTIVAL I report to the twstees on my examlnation of Ihe finanoal slalements of SI18da18 Festtval (the charity) lor the year ended 30 September 2024. Responslbllltle$ and basls of rnport As the trustees of the charity (and also Its directors lor the purposes of company law) you are responsible for the preparatlon of the finandal statements In accordance with the requirements of the Companies Act 20C6 (the 2006 Act). Having satisfied myself that the financial stat8ments of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I r8pori in respect of my examinalion of the charity's financial statements carried out under section 145 01 the Charities Act 2011 (Ihe 2011 Acll. In carying oul my examlnation I have fotlowad all the appllcable Directlon8 gn by the Ch8Tbly Commlssion under section 14515)(bl ofthe 2011 Act. Indop•ndont •xamlnerf8 Statamont I have completed my examlnatlon. I confirm that no malters have uime to my attenbon In connection wlth tha examlnatlon glving me cause to belleve that in any material respecl: accounting records were not kepl in respecl of the charity as required by seclion 386 of the 2006 Ad; or the financlal slalem8nts do not accord with those records: or the flnanclal statements do not comply the accounllng requlrements ol section 396 of the 2006 Acl olher than any requlrement Ihat the accounts glve a true arKI lalr view vthlch Is not a matler censidered as part of an Ind8pendent examination: or the Ilnanclal statements have not been prepared In accordance wlth the methods and princlple8 of the Stalemenl of Recommended Practice for accounting and reporting by charities applicable to charities prepadng thelr accounts In accordanca the Finan(aal Repoilng Standard applicable in tha UK Republic of Ireland (FRS 102). I have no concem8 and have corne across no other malter8 in connection with Ihe examinalion to vthich attenllon should ba wn In Ihls report In order io enable 8 proper understsnding of the finandal slalements to be reached. Deborah Fl•t¢hèr4l¢Vay FC Xelnadln Accountants oak Hcw8e, Market Place Bedale North Yorkshlre DL8 1AQ Dated..
SWALEDALE FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Current flnanclal year Unrestricted funds 2024 Restrlcted fund5 2024 Total Total 2024 2023 Notes Income from: Donatlons and legades Charitable actlvttle8 Investments 79,556 161.865 2.168 3,000 82,556 161.865 2.168 76.853 135.605 1.468 Total Income 243,589 . 3,OlXI 246.589 213.926 Expendlture on: Charftable activiti88 226,992 3.000 229.992 220.858 Totsl oxpondltur• 226,992 3,000 229.992 220,858 Net Incomel(expendlturn) 16.597 16.597 (6.932) Net mov•m•nt In funds 16,597 16.597 (6,932) R•conclll•tlon of funds: Fund balances at 1 October 2023 67,505 67,505 74.437 Fund balanc•s at 30 Sopt•mbor 2024 84.102 84,102 87,505 The Statement of financial actNiti88 indudes all galn8 and losses reco9nised in the year. Ail Income and expendlture derfve from contlnulng ac11v188. The statement of financial adlwties also Lx>mplies with the requirements for an in(y)me and expenditure account under the Companles Act 2006.
SWALEDALE FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Prlor flnanclal 14 month perlod Unrestrlcted funds 2023 Restricted funds 2023 Total 2023 Notes Incom• from: Donatlon8 and legades Charitsble acti1[@8 Investments 65.952 135.605 1,468 10,901 76,853 135.605 1.468 Total Income 203,025 10,901 213,926 Exp¢ndlture on: Charitsble aGtivltle8 209,988 10,870 220.858 Totsl expendlture 209,988 10,870 220,858 Net Incomel{•xp•ndltur•) 16,963) 31 (6.9321 Transfers between fund8 31 (31) Net movemont In funds 16,932) (6.932) Reconclllallon of fund8: Fund balances at 1 August 2022 74,437 74,437 Fund balances at 30 Seplamber 2023 87,505 67,505
SWALEDALE FESTIVAL BALANCE SHEET AS A T 30 SEPTEMBER 2024 2024 2023 Notes Flxed assots Tangltsle assets 1,400 Current a880ts Debtors Ca8h at bank and In hand 10 14,788 71.205 13,287 59,391 85,993 72,678 Cradltorn: amounts falllng due wlthln one yoar 11 <3,291) {5,173) Net current assets 82.702 67,505 Total assots1088 cuffent Ilabllltl 84,102 67,505 Incomo funds Unre8tr1cted fund6 84,102 87,505 84,102 87,505 The company 18 entitled to the oxemptlon from the audlt requlrement contalned In sectlon 477 of the Companle8 Act 2006, for the year ended 30 September 2024. The dlrectorn acknowledge thelr responslbdltl88 for complylng wlth the requlrements of the Compan188 Act 2006 wlih r88PaCt to aGcountlng record8 and Ihe preparatlon of Ilnaral statements. The members have not requlred the company to obtaln an audlt of It8 finandal 81atement8 for the yw In questlon In accordance th Section 476. These financial statements have been prepared In accordance wlth th8 provl8ions appllcable to companie8 8ubj.ect to the small Companies regime. f..sT.QAQa The financlal statements were approved by the tru885 on ..... .. lan Evans Trustee Company reglstratlon number 02843135 (England and Wales)
SWALEDALE FESTIVAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢countlng pollcles Charlty Inforniatlon Swaledale Festival is a private company limiled by 9uaranle8 incorporated in England and Wales. The registered office is Hudson House. Reeth, Richmond, North yoshIre, DL16TB. 1.1 Reportlng perlod Last year the company exlended its accounting period from 31 July to 30 September lo align with t project dat8 of the Arts Counal grant provFder. As a ¢onsequen¢e. the Comparative amounts presented are for 14 months and so are not entirely comparab18 With ihe Cajrt year. 1.2 Accountlng conv•ntlon The financlal statements have been prepared in accordan with the charitys Memorandum and Artides of Association. the Companies Act 2006 and "Accounkn'ng and Reporting by Charities.. Sialemenl of Recommended Practice applitsble to charilies preparing their accounts in accordance with the Finandal Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 201 gr ('the SORP). The charfty is a Public Benefit Entity as defined by FRS"102. The charity has tak8n advantage of the provisions in the SORP for charities applying FRS 102 Upda* Bullelin 1 not to prepare a Statemenl of Cash Flows. The finanaal statem8nts ar& prepared in sterling. whith is the functional oJrren¢y of the charlty. Monetary amounts in Ihese ffflan¢lal statements are rounded to the nearest £. The finanoal stalements have been prepared under the historical cost convention. Th8 pnncipal accounting pollcles adopted are set out below. 1.3 Golng ¢on¢em At the time of approNing the financial statements. the trustees have a reasonable expectation thal Ihe charity has adequate resources to continue in operational exislence for the foreseeable future. Thus the trustees contlnue to adopt th8 going concern basis of accounting in preparing the financial slatements. 1.4 Charltable funds Unre5triGted fund5 are avatlth for use at th8 dsscretion of the trustees in furtherance of their charitable objeclNes. Restrlcted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of th8 restricted funds are set (wt in the notes to the financial stalements. 1.5 Income Income is recognised when th8 charity is Tegalty enlitied to il after any performance condilions have been mel, th8 amounts can be measured r8liably. and il is probable that income 4MII be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations re¢gived under Gift or deeds of covenant is reGognised al the time of the donation. Grant income Is recognlsed when receivable except when perfomiance conditions have not yet b8en meL Income is deferred where the perfomiance condibons have not been meL Income from Ilcket sales are recognised in the period in whi¢h the evenl occurs.
SWALEDALE FESTIVAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounllng pollclos (Contlnued) 1.6 Expendlture Expenditure is recognl8ed on an accrua18 basis 88 a liability is incurred. Expendlture includes any VAT whlch cannot be recovered, and Is reported as part of the expenditure io which it relates. Chadlable expendItU comprises those costs Incurred by the charity In Ihe d81ivery of Its activities and services for Its beneficiarles. It Includes bolh costs that can be allocated directly lo such actlvities and those costs of an Indlrect nature nec8888ry to 8UPPOrt th8m, 1.7 Tanglble flxed a88et8 Tanglble fixed assets are Inlllally measured at cost antl subsequently measured al cost, nel of depreclation and any Impalrment losses. Depreclallon Is provlded at rates c3lcul8ted to wrfte off the cosl le88 estlm8ted residual value of each 8s3et over118 exp8cled useful Ilfe, as follows.. Plant and equlpmenl 25V• 8tralght Ilne The tru8te88 have daclded thal computer equlpmenl under £1,000 and other as$et8 under £500 should be expensed to tho statement of financlal acilvltle8 rather than capit8118ed. 1.8 Impalrniont of flxed assot8 At 8ach reportlng end dale. the charlty revlew8 thè carrylng amount8 of Ils tangible 888ets to determlne whether there Ss any Indlcation that those assets hav8 suffered an impalrment loss. If any such Indtation 8xlsts, the recoverable amount of the asset Is e8timat8d In order to datermine the extent of the impalrment logs (If any). Income from donatlon8 and legacl08 Unre8trlcled Restrlctod fund8 funds 2024 2024 Total Unr•$trlet•d Restrlcted funds fundi 2023 2023 Total 2024 2023 Donatlon8 and g1ft8 Legacies recelvable Grants, Includlng capStal grants 5,327 1,000 5,327 1.000 4,576 2.500 7,076 73,229 3,000 76.229 61.376 8,401 69,777 79,556 3,000 82,556 65,952 10,901 76,853 10-
SWALEDALE FESTIVAL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from donatlons and legacles (Contlnued) Unrestricted Restrlctsd funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Grants re¢elvable for core activittes Arts Counal England 71,229 The R E chadVCk Charitable Trust The Sir James Knott Charitable Fund NYCC Community Investrnent The D'oyly Carte Charitable Trust Bramhall Trust Fidelio Charitable Trust Jack Brunton Charitable Ttust 71.229 59.376 59,376 2.000 2.000 2.000 2.000 1,000 1.000 4,901 4.901 2,000 2.000 2,000 500 500 2,000 500 500 500 500 73.229 3,000 76,229 61,376 8,401 69,777 Income from charftable actfvllles Unrestricted funds 2024 Unrestricted funds 2023 Festival sales Sponsorship inrne FrierKls income 124,523 23,438 13,904 100,729 22,681 12,195 161,865 135,605 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 2,168 1,468 11
SWALEDALE FESTIVAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expenditure on charltable actlvltles 2024 2023 Dlrect costs Staff costs Rent Insurance Equipment Telephone and inlemet Software and website deslgn costs Postage. siationery and photocopier Artlstic budget costs Markéting Accountancy Costs of artistic dlrector and event organisers Ticketing costs Other SubsrJiption$ 47,764 3.856 2,779 324 600 1,007 2,152 101.875 18,006 3,646 46,782 3,864 3,334 1.469 1,007 1,531 3,224 95,683 16,638 1.276 i i 41,459 3,886 1.792 42,119 2,650 512 769 229.992 220,858 Analysls by fund Unrestricted funds Restrlcted funds 226,992 3,000 209,988 10,870 229.992 220,858 Included within accountancy fees 1$ £1,500 (2023: £1,276) payable to th8 independent examiner for the preparation and independent examination of the acwunts and £2.146 (2023.. £nil) for other assurance servlces. Trustees None of the trustees (or any persons connected with them) recelved any remuneration or benefits from the charity during the year. Employe08 The average monthly number of employees during the year was: 2024 Number 2023 Number 12-
SWALEDALE FESTIVAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Employees (Contlnuedl Employment Costs 2024 2023 Wages and salaries Other pension $1$ 46,373 1,391 45,396 1.386 47,764 46,782 There were no employees whose annual remuneration was more than £60,000. Taxatlon The tharity Is exempl from tax on Income and gains falllng within secllon 505 of the Taxes Act 1988 or section 252 of the Taxatlonof Chargeable Gains Act 1992 to the 8xlenl that thes8 are applied lo its charilable objects. Tanglble flxed assets Plant and equlpm•nt Cost Additions 1,400 At 30 September 2024 1,400 Carrylng amount At 30 Septamber 2024 1,400 10 Debtors 2024 2023 Amounts falllng due wlthln one year: Prepayments and accrued Income 14,788 13.287 11 Credltors.. amounts falllng duè wlthln one year 2024 2023 Other creditors Accruals and deferred Income 1,191 2,100 1,397 3,776 3,291 5.173 13-
SWALEDALE FESTIVAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Restrlcted funds The restricted funds of the charty comprise the unexpended balances of donallons and grants held on trust subject to specific condltlons by donors 8S to how they may be used. At 1 O¢tober 2023 Incoming resources Resources expended Transfers At30 September 2024 The D'oyly C8rte Charitable Trust The Slr James Knott Charitsble Trust 2.000 ' {2,0001 1,000 {1,0001 3.000 {3,0001 Prevlous 14 month perlod: At 1 October 2022 Incomlng resources Resources expended Transfers At30 September 2023 IT Equipment Fund NYCC Community Investment Grdnt The D'oyly Carte Charitable Trust The Young Artlsts Platforni Fund 1.500 {1,4691 (311 4,901 (4.901) 2.000 (2.000) 2.500 (2.5001 10.901 (10,870) (311 £2.000 was received from The D'oyly Carte Charitable Trust to fund the Young Artists Platfomi Concerts and a Community Outreach Programme. This was fully expended during the year. £1,000 was received from The Sir James Knott Charitable Trust for the use In the prison programme. Thls fund was fully expended during the year. £1.500 was r8c8ived In th8 prevlous year for th8 purchase of IT equlpm8nt. Thls fund was fully expended in the previous year . The NYCC Community Inveslment Fund was received last year to fijnd specific artists expenditure. this fund was fvlly expended in the previous year. The Young Artlsts Plafform Fund comprises donations received to support the Young Artisls series of concerts and events. This was fully expended during the previous year. 13 Related party transactlons There were no dlsclosable relaled party transactions during the year {2023 - none). 14-