The 2023 Dulwich festival was held from 12 to 21 May 2023. This year’s Festival celebrated three decades of Dulwich in art, culture and the natural environment. Between the 12-21 May, the area was home to a huge range of community events, as well as the legendary Artist’s Open House.
Key Highlights for 2023:
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3500 participants, 100+ events, 180+ Dulwich locations
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65,000+ total attendances (30% increase)
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1 in 3 people in Dulwich, attended the Dulwich Festival
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Up to £2.8mil in total expenditure generated for local area
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120+ people volunteering their time to the festival
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450+ artists involved in Artists Open House in 160 locations
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95+ Hours of Free of charge programming
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25 sold out ticketed events
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5 days of free, family activities in fairs and open days
DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
DULWICH FESTIVAL
Accounts For the year ended 31 December 2023
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
Directors' report
For the year ended 31 December 2023
Directors and Trustees of the company
The Directors of the company, who are also Trustees of the charity, who served during the year and up to the date of this report are:
Bruno Guillaume
Kate Stephens
David Lane (appointed 10 July 2023) Anne Coates (appointed 10 July 2023) Palash Dave (appointed 10 July 2023) Joseph Boateng (appointed 10 July 2023)
Anne Mitchell (appointed 16 October 2023) Louise Wood (resigned 31 December 2023) Ruth Colvin (resigned 31 December 2023) Tanya Smith (resigned 31 December 2023) David Dean (resigned 22 May 2023)
Aims and objectives
The company produces an annual festival of events of an artistic and cultural nature that have broad appeal to those who live, work or study in Dulwich. The company aims to obtain commercial and individual sponsorship for its events supplemented by ticket sales.
Volunteers
The fees for the core organisation and production work of the company's activities as well as the artists fees and venue costs are charged in the income and expenditure account. In addition to these expenditures, the company benefits from the activities of certain volunteers who distribute the festival guide, steward the events and attend to the box office. None of the Directors nor Trustees is paid by the company for their supervisory/fiduciary duties which are performed on a voluntary basis. The volunteers contribute greatly to the smooth running of the festival and contribute to maintaining low ticket prices for the benefit of the patrons. The value of the work of the volunteers is not charged in the income and expenditure account.
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
Small companies provisions
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.
Signed by order of the board Date: 16 April 2024
Bruno Guillaume Director
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
Statement of financial activities (including summary income and expenditure account) For the year ended 31 December 2023
| Notes Income Donations and legacies 2 Charitable activities 2 Investments 2 Total Expenditure Charitable activities 3 Net income / (expenditure) before tax for the year Tax payable Net movement in funds Total funds brought forward 7 Total funds carried forward 7 |
2023 £ 33,736 92,491 351 126,578 (119,742) 6,836 - 6,836 29,454 36,290 |
2022 £ 17,100 70,795 15 |
|---|---|---|
| 87,910 (82,110) |
||
| 5,800 - |
||
| 5,800 23,654 |
||
| 29,454 |
The notes on pages 6 to 9 form part of these accounts.
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
Balance sheet
At 31 December 2023
| Notes Current assets Debtors 4 Cash at bank and in hand 5 Total current assets Creditors: amounts falling due within one year 6 Total net assets Unrestricted funds 7 |
2023 £ 518 39,493 40,011 (3,721) 36,290 36,290 |
2022 £ 4,908 25,818 |
|---|---|---|
| 30,726 (1,272) |
||
| 29,454 | ||
| 29,454 |
The notes on pages 6 to 9 form part of these accounts.
Statement of Directors
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.
Signed on behalf of all the Trustees/Directors Date: 16 April 2024
Bruno Guillaume Director
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
Notes to the Accounts
For the year ended 31 December 2023
1. Accounting Policies
The accounts are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
Income is accounted for on a receivable basis: Grants and income from sponsors are given for the general use of the Festival.
Expenditure is accounted for on an accruals basis.
The value of any voluntary help received is not included in the accounts but is described in the Directors’ report.
Debtors (including trade debtors) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Ticket sales represent income from the events that constitute the Festival.
All costs are charged in the Statement of Financial Activities directly to the category to which they relate: Operating costs include the cost of artists, venue hire, catering and equipment hire that are appropriate to the staging of an event. Publicity costs include the design and printing of the general programme and of material specific to certain events. Overheads include insurance, telephone, website hosting, stationery, and general administrative costs.
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
2. Income
| Donations and legacies Donations and gifts General grants provided by government/other charities Total Charitable activities Sales of tickets Artists' Open House fees Festival Fair fees Total Investments Interest income Total Total income Analysis of receipts of government grants Dulwich Festival grant from Southwark Council |
Unrestricted 2023 £ 25,486 8,250 33,736 43,184 30,685 18,622 92,491 351 351 126,578 8,250 8,250 |
funds 2022 £ 11,100 6,000 |
|---|---|---|
| 17,100 | ||
| 29,559 27,031 14,205 |
||
| 70,795 | ||
| 15 | ||
| 15 | ||
| 87,910 | ||
| 6,000 | ||
| 6,000 |
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
3. Expenditure
| Expenditure on charitable activities Operating costs Publicity Overheads 4. Debtors and prepayments Debtors Trade debtors Prepayments and accrued income All amounts are due within one year. 5. Cash at bank and in hand Cash at bank and on hand |
Unrestricted 2023 £ 42,297 29,841 47,604 119,742 2023 £ - 518 518 2023 £ 39,493 |
funds 2022 £ 27,831 21,946 32,333 |
|---|---|---|
| 82,110 | ||
| 2022 £ - 4,908 |
||
| 4,908 | ||
| 2022 £ 25,818 |
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DULWICH FESTIVAL Company number: 02966561 Charity number: 1048164
6. Creditors and accruals
| Amounts falling due within one year Trade creditors Payments received on account Accruals and deferred income |
2023 £ - 1,110 2,611 3,721 |
2022 £ - 1,050 222 |
|---|---|---|
| 1,272 |
7. Charity funds
| Net income / (expenditure) Total funds at the beginning of the year Total funds carried forward at the end of the year |
Unrestricted 2023 £ 6,836 29,454 36,290 |
funds 2022 £ 5,800 23,654 |
|---|---|---|
| 29,454 |
8. Transactions with Trustees/Directors and related parties
The company did not have any employees during the year (2022 nil).
None of the Directors nor Trustees is paid by the company for their supervisory/fiduciary duties.
Payments to Trustees and Directors (and their connected parties) as sub-contractors for the delivery of the company's charitable activities are as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Ruth Colvin | 1,900 | 1,590 |
| David Dean | - | 800 |
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the Charity Name Dulwich Festival trustees/directors/ members of
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|On accounts for the year|31/12/23|
|ended|
|Charity no.:|1048164|Company no.:|02966561|
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Set out on pages
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I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (who are also the directors of the company 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 for this year 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 I have completed my examination. I confirm that no material matters have statement come to my attention which gives me cause to believe that: • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
• the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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
- •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
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|---|---|---|
|Date:|
|Signed:|James Thompson|16/04/24|
|Name:|James Thompson|
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October 2018
IER
Relevant professional Retired as member of the Institute of Chartered Accountants in England and qualification(s) or body Wales (if any):
Address: 61 Stradella Road, London SE24 9HL
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
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October 2018
IER