2020-12-31-accounts

Contents		Pacae
Trustees and Other Information
Trustees' Report
Independent Examiners'	Report to the Trustees
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts		6to 8

Trustees			G Vass
			C TJ Beale (resigned	10November	2020)
			GJ Kendall (resigned	18 May 2020)
			K T Haffleld
			L BS Hungate
			C N Lane
			D H Keyser
			E L Lilley (appointed	18May 2020)
			J A Trew (appointed	18 May 2020)
Secretary			A Giles
Registered	Office		1 St Mary's Street
			Ross-on-Wye
			Herefordshire
			HR9 5HT
Company	Number		02952926
Registered	Charity	Number	1039968
Accountants			Thorne &Co.
			1 St Mary's Street
			Ross-on-Wye
			Herefords hire
			HR9 5HT
Bankers			HSBC Pic
			The Cross
			1 Broad Street
			Newtown
			Powys
			SY162LX

					31.12.20	31.12.19
		Note	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
Incomin Resources
Voluntary Income
Grants, Donations etc.			88,327	10,566	98,893	113,912
Investment Income
Interest Receivable			26		26	71
			88,353	10,566	98,919	113,983
Incoming Resources from
Charitable Activities
Income from Festival Activities			3,230		3,230	39,746
Total Incomin Resources			91,583	10,566	102,149	153,729
Resources Expended
Charitable Activities
Direct Festival Expenditure			104,523	7,015	111,538	152,775
Governance Costs			1,200		1,200	1,200
Total Resources Expended			105,723	7,015	112,738	153,975
Net lncomln Resources	Ex enditure		(14,140)	3,551	(10,589)	(246)
Transfer between Funds			(8,000)	8,000
Total Funds at 1stJanuary	2020		25,220	14,406	39,626	39,872
Total Funds at 31st December 2020			3,080	25,957	29,037	39,626

administrative fees and 5%ofone festival's	direct costs.
Tan ible Fixed Assets	Fixtures	Fittin s
	~artd E	ct ment	Total
Cost
At 1stJanuary 2020		16,655	16,655
Additions
At 31stDecember 2020		16,655	16,655
~De rectetton
At 1st January 2020		16,655	16,655
Charged in Period
At 31stDecember 2020		16,655	16,655
Net Book Value
At 1stJanuary 2020
At 31stDecember 2020

				2020	2019
Income from Festival		Activities
Ticket Sales				0	30,295
Online Booking Fees				0	589
Programme Sales and		Advertising		500	5,232
Fund Raising Events				2,530	3,250
Outreach Projects
Miscellaneous				200	380
				3,230	36,746
Direct Festival Ex	enditure
Artists' Fees				28,673	45,110
Production and Venue		Costs		27,586	42,375
Advertising, Programme		and BoxOffice Costs		10,339	20,907
Artistic Director's Fees				18,963	18,504
Employers National	Insurance		on Director's Fee	1,414	1,372
Producer's Fees				10,800	10,500
Administration Wages				3,625	3,500
Outreach Projects				4,515	1,500
Other				5,623	9,007
				111,538	152,775
Governance Costs
External Accountant's	Fees			1,200	1,200
Staff Costs and Numbers
Staff costs were as follows:
Salaries				22,588	22,004
Employers National	Insurance			1,414	1,372
				24,002	23,376
No employee earned	in	excess of260,000(2019:nil)

								2020						2019
9	Debtors
	Grants Receivable							350						2,491
	Prepayments							995						4000
								1,345						6,491
10	Creditors: amounts		falling	due within one	year
	Festival Futures							28,386
	Accruals and Deferred Income							39946						10,210
								68,332						10,210
						As	at							A~sa
						1.1.20		Income	Transferouf		~E«e	dlfure		31.12.20
	General Funds					17,220		91,583			105,723			3,080
	Designated Funds:
	New Commissions		Fund				8,000		8,000
	Total Unrestricted	Funds				25,220		91,583	8,000		105,723			3,080
	The Directors have		agreed	that the New Commissions			Fund	should be reclasslfed		as Restricted			Funds and
	merged with the George Vass Commission				Fund	during the		year ending	31 December		2020.
12	Restricted Funds					As	at							As at
						1.1.20		Income	~Transfer	I	~Eendlfure			31.12.20
	Outreach Projects							9,526				4,515		5,011
	George Vass Commission			Fund		14,406		1,040	8,000			2,500		20,946
						14,406		10,566	8,000			7,015		25,957