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





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|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|||





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||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
|||Note|Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
|Incomin<br>Resources|||||||
|Voluntary<br>Income|||||||
|Grants, Donations etc.|||88,327|10,566|98,893|113,912|
|Investment<br>Income|||||||
|Interest Receivable|||26||26|71|
||||88,353|10,566|98,919|113,983|
|Incoming Resources from|||||||
|Charitable<br>Activities|||||||
|Income from Festival Activities|||3,230||3,230|39,746|
|Total Incomin<br>Resources|||91,583|10,566|102,149|153,729|
|Resources Expended|||||||
|Charitable<br>Activities|||||||
|Direct Festival Expenditure|||104,523|7,015|111,538|152,775|
|Governance<br>Costs|||1,200||1,200|1,200|
|Total Resources Expended|||105,723|7,015|112,738|153,975|
|Net lncomln<br>Resources|Ex enditure||(14,140)|3,551|(10,589)|(246)|
|Transfer between<br>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|





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|administrative<br>fees and 5%ofone festival's|direct costs.|||
|---|---|---|---|
|Tan<br>ible Fixed Assets|Fixtures|Fittin<br>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<br>in Period||||
|At 31stDecember 2020||16,655|16,655|
|Net Book Value||||
|At 1stJanuary 2020||||
|At 31stDecember 2020||||





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



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|||||||||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<br>Funds|||||17,220||91,583|||105,723|||3,080|
||Designated<br>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<br>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<br>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|