2021-12-31-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		6to8

Trustees			G Vass
			KT Hatfield
			L BS Hungate
			C N Lane
			D H Keyser
			E L Lilley
			JATrew
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 8 Co.
			1 St Mary's Street
			Ross-on-Wye
			Herefordshire
			HR9 5HT
Bankers			HSBC Pic
			The Cross
			1 Broad Street
			Newtown
			Powys
			SY162LX

					31.12.21	31.12,20
		Note	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
Incomln Resources
Voluntary Income
Grants, Donations etc.			127,451	3,277	130,728	98,893
Investment Income
Interest Receivable					1	26
			127,452	3,277	130,729	98,919
Incoming Resources from
Charitable Activities
Income from Festival Activities			27,740		27,740	3,230
Total Incomin Resources			155,192	3,277	158,469	102,149
Resources Expended
Charitable Activities
Direct Festival Expenditure		5/7/8	145,882	2,047	147,929	111,538
Governance Costs		6	1,200		1,200	1,200
Total Resources Expended			147,082	2,047	149,129	112,738
Net lncomln Resources	Ex endlture		8,110	1,230	9,340	(10,589)
Transfer between Funds			(8,110)	8,110	0
Total Funds at 1stJanuary	2021		3,080	25,957	29,037	39,626
Total Funds at 31st December 2021			3,080	35,297	38,377	29,037

		BALANCE SHEET - 31S	TDECEMBER	2021
			Note	2021	2020
Fixed Assets
Tangible Assets
Current Assets
Debtors				10,000	1,345
Cash at Bank and	in	Hand		59,858	96,024
				89,858	97,369
Creditors: amounts		falling due within one year	10	31,481	66,332
Net Current Assets				38,377	29,037
Total Net Assets				38,377	29,037
Unrestricted Funds			11
General Funds				3,080	3,080
Restricted Funds			12	35,297 ~PT	2ra3 25,957 7

	administrative fees and 5% ofone festival'	s direct costs.
2	Tan Ible Fixed Assets	Fixtures	Fittin s
		~and E	ci ment	Total
	Cost
	At 1stJanuary 2021		16,655	16,655
	Additions
	At 31stDecember 2021		16,655	16,655
	~De recieiicn
	At 1stJanuary 2021		16,655	16,655
	Charged in Period
	At 31stDecember 2021		16,666	16,655
	Net Book Value
	At 1stJanuary 2021

				2021	2020
4	Income from Festival	Activities
	Ticket Sales			24,882	0
	Online Booking Fees			526	0
	Programme Sales and	Advertising		1,543	500
	Fund Raising Events			0	2,530
	Outreach Projects
	Miscellaneous			789	200
				7,	,23
5	Direct Festival Ex enditure
	Artists' Fees			39,898	28,673
	Production and Venue	Costs		48,171	27,586
	Advertising, Programme	and BoxOffice Costs		16,811	10,339
	Artistic Director's Fees			17,866	18,963
	Employers National Insurance		on Director's Fee	2,539	1,414
	Producer's Fees			10,000	10,800
	Administration Wages			3,625	3,625
	Outreach Projects			2,967	4,515
	Other			7,053	5,623
				ATY29
6	Governance Costs
	External Accountant's Fees			1,200	1,200
7	Staff Costs and Numbers
	Staff costs were as follows:
	Salaries			21,490	22,586
	Employers National Insurance			2,539 2 le%	1,414 ,0
	No employee earned in	excess ofF60,000 (2020: nil)

									2021					2 20
9	Debtors
	Grants Receivable								0					350
	P repayments								10,000 10,000					995 1,345
10	Creditors: amounts		falling	due within	one	year
	Festival	Futures							28,388					28,386
	Accruals	and Deferred Income							3,096					39,946
									31,431					68,332
11	Unrestrlct d Funds						~st							A~st
							1.1.2021		Income	Transfer	ocr	~Ex endlrore		31.12.2021
	General	Funds					3,080		155,192	8,110		147,082		3,080
	Total Unrestricted Funds						3,080		155,192	8,110		147,082		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 a							A~sa
							1.1.2021		Income	Transfer	In	~Ex endrfore		31.12.2021
	Outreach	Projects					5,011		650			2,047		3,614
	George	Vass Commission		Fund			20,946		988					21,934
	Festival	Futures Fund							1,639	8,110				9,749
							25,957		3,277	8,110		2,047		35,297