Encounters Festivals Limited
(A Company limited by guarantee)
Report and Accounts
31 March 2024
Company regislralion number.. 03229078
Charity registration number." 1058603

Encounters Festivals Limited
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees are pleased to present their report together with the accounts of the charity for the year ended 31
March 2024, which are also preparcd to meet the requirements for a directors, report and accounts for
Companies Act purposes.
The accounts comply with the Charities Act 201 I, the Companies Act 2006, the Memorandum and Articles
of Association, and Accounting and Reporting by Chartties: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK
and Republic of Jreland (FRS102) (effective l January 2019).
Reference and Administrative Details
Charity Number:
Company Number:
Registered oifice:
Principal OffIce:
1058603
03229078
61 Queen Square, Bristol, BS14JZ
61 Queen Square, Bristol, BSI 4JZ
Bankers
National Westminster Bank plc
45-49 Broadm¢ad
Bristol
BSI 3EU
Directors and Trustees
Th¢ directors of the charitable company ("the charity") are its trustees for the purpos¢ of charity law and
throughout thls report are collectively refeffed to as the trustc¢s.
The trustees serving during the year and since the year-end were as follows:
Chair: Simon Peny (Industry Consultant) - Resigned 31 Dcccmber 2023
Euella Jackson (Freelance Cr¢ative Producer) - Appointed Chair 31 Dccember 2023
August 2024
Steven Coombe (Burnside, Chartered Accountants)- Appointed Chair 31 August 2024
resigned 31
Frcya Billington {boomsatsuma)- Resigned 29 October 2023
Natalie Collier (Aardman Animations)
Emma Grazette (Freelance Film and TV Producer) - Appointed 8 June 2023 - Resigned 18 December 2023
Mark Hewis (Aardman Animations, Animatlon Producer) - Appointed 8 June 2023
Jessica Loveland (BBC Writers Room)
Will Massa (Independent Consultant) - Resigned 31 December 2023
Natalie Moore (Bristol City Council, Local Government Manager)- Appointed 8 June 2023
Liz Warren (Live Cinema)- Resigned 14 November 2023
Mana
em¢nt Personnel: Festival Director
Rich Warren- Resigned l November 2023
Bizzy Day- Appointed l May 2023 - Resigned 25 January 2024
Dave Taylor-matthews - Appointed Executive Festival Director l December 2024
Inde
endent Examiner
Philip Bary FCA
Hollands Accountancy Limited

Encounters Festivals Limited
Accountants
Burnside, Chartered Accountants
Structure, Governance and Management
Governin
Document
Encounters Festivals Liinited is a company limited by guarantee governed by its Memorandum and Arti¢l¢s
of Association incorporated on the 24 July 1996. It is registered as a charity with the Charity Commission ( I I
October 1996). There a￿ currently 5 members (9 in 2023), each of whom agrees to contribute £ EO in the event
of the charity winding up.
ointment of Trustees
Suggestions for new trustees are discussed at the Board Meetings and if agreed, invitations are issued.
Trustee Induction and Trainin
New trustees are introduced to the charity staff and fellow tnjstees at a board meeting and are provided with
background infonnation (including minutes of previous meetings, budgets and other documents such as the
Memorandum and Articles of Association).
anisation
The board of ttustees advninisters the charity. The board meets several times a year who together with the
Festival Director and the staff, meet to discuss programtning and sponsorship suggestions for the festival. To
facilitate effective operations, the Festival Director has delegated authority, within terms of delegation
approved by the trustees, for operational matters including finance, employni¢nt and artistic perforniance
relat¢d activity.
Related Parties
Non¢ of our trustees receives rcmuneration or other benefil from their work with the charity. Details of
transactions with related parties are disclos¢d in note 16 to the accounts on page 17.
Risk Mana
ement
Management accounts are presented and scrutinised at each board meeting (5 - 1 O per annum) with financial
implications highlÈght¢d and discussed. Potential problem areas that become apparent are carefully monitorcd.
The trustccs have assessed the major risks to which the charity is Cxposed, in particular, those related to the
opcrations and finan¢cs of the charity and are satisfied that systems are in place to mitigate exposure to major
risks.
Objectives and Activities for the Public Benefit
Brief Encounters - Bristol's annual celebration of the short film genTe was first held in October 1995 - and
managed entirely by the Watershed. Following the success of this first festival, it was decided to establish this
charity with the object of arranging and managing all future short film festivals and since then an annual short
film festival has been held at the Watershed and other venues nearby. Accordingly, the charity was
incorporated as a company limited by guarantee on 24 July 1996. In 2000, the fIrst Animated Encounters
InternationaE Animation Festival was organised and run by Encounters F¢stivals.
The Encounters Board took the decision to combine the two festivals for the 2006 edition. There was a change
of name and the festival bccame known as 'Encounters Short Film and Animation Festival,.
The obj¢cts of the charity are to promote, maintain, improve and advance education by the encouragement of
the Arts with particular reference to the making, distribution and exhibition of films and other recorded
permanent or semi-pernianent media whereby sound, vision, or both may be communicated or preserved.
Given that the charity promotes the advancement of the arts and is open to the majority of the public, the
Trustees are satisfied that the charity meets the requiremcnts of being for the public benefit.

Encounters Festivals Limited
Achievements and Performance
The 2023 Encounters Festival was delivered as a physical evcnt. The festival took place in Bristol from 26
September to l October 2023, off¢rAng a culturally and g¢ographicaEly diverse programme of short films and
animations from Europe and around the World as part of the 29th Encounters Festival.
The festival hosts one of the World's leadtng intemational competitions for visual storytelling and acts as an
official gateway to the world's most prestigious awards; the Academy Awards@, BAFTAS, BIFA'S and the
European Film Awards. Connecting industry and audiences, the festival celebrates the creativity, diversity,
and the impact of short film. Encounters is a springboard for audienccs to discover new and emerging talent
and for artists to progress, exchange knowledge, inforni and learn within th¢ evolving global industry.
As part of the festival, Encounters screened l 00 films across 28 programmes and hosted l 7 events to a
combined audience of 4,798.
This activity sat alongside our intcnsive programme of master¢lasses, panels and workshops for participating
filmmakers and industy delegates which focused on car¢er pathways and the us¢ of digital technologies to
increase audience participatÈon and engagement. The programme this year fcatured 13 industry evcnts
presented to 555 beneficiaries.
The festival also ran Reflective Encounters, a film literacy initiative in which new and emerging film critics
write short thought pieces for each of the film screening in compctition.
The Charity receivcs funding, in-kind and cash sponsorship from several different sources who include the
British Film Institute, Bristol City Council, West of F.ngland Combined Authority, Aardman Animations, th¢
University of thc West of England and the University of Bristol.
Financial Review
The overall incom¢ was £202,152 compared to £363,348 in the previous y¢ar. This resulted in a loss for th¢
year of £28,742 compared to a loss last year of £34,659. The trustees would like to thank all donors and staff
for their continued support and efforts.
The loss for the y￿r was budgeted for as part of a 3-year plan post COVID-19 to return the charity to
profitability by 2023124.
Volunteers
The charity is grateful for the efforts of the volunteers who assist in the ofYic¢ and help with the running of
the festivals.
It is estimated that the charity benefited from approximately 738 (2023: 582) volunte¢r hours during the
year. If this is valued at the UK living wage £10.42 per hour, the volunteer efforts amount to £7,689 (2023:
£5,529 at £9.50 per hour).
In accordance with FRS102 and the Charities SORP {FRS102), the economic contribution of general
volunteers is not recognised in the accounts.
Reserves Policy
The trustees have reviewed the reserves of the charity. A policy was previously set which reflected the wish
to safely commit as much as possible to the promotion of Bristol as a centre of International Media excellence
whilst retaining financial stability and the potential to respond to new opportunities. The trustees agreed that
holding unrestricted reserves equivalent to approximately 12 months unrestricted expenditure would meet this
policy. Unrestricted reserves at 31 March 2024 were £48,402 (2023: £74,529) representing only 8 (2023: 9)
months of unrestrA¢ted expenditure.

Encounters Festivals LimÉted
The 3-year plan referred to above was approved by the trustees and put in place during the 2021122 year to
utilise certain brought forward reserves to assist the charity as it moved fonvard from the COVID-19
pandemic.
Unfortunately, the 2023 festival did not return to profitability and witli the loss of all previously available
funding the trustecs had no choice but to sadly cancel tlie 2024 festival whilst it looked at alternative funding
models and opportunities for the future.
Plans for Future Development
We were pleased to announce on I l December 2024 that the festival will retum for 2025, having appointed
Dave Taylor-matthews as executive festival director.
The festival will take place from 24-28 September 2025 for its delayed 30th edition. Submissions for the
2025 edition opened on 12 December 2024 and the festival will include screenings, workshops, talks and
Q&A sessions, with a full programme to be unvcil¢d in 2025.
Trustees, Responsibilities in Relation to the Accounts
Thc trustees (who are also the directors of the charity for the purposes of company law) are responsible for
preparing th¢ Report of the Trustecs and the accounts in accordance with applicable law and regulations.
Company law requires the trustees to prepare accounts for each financial year in accordance with United
Kingdom Generally Accepted Accounting Practice (United KTngdom Accounting Standards and applicable
law). Under company Eaw, the trustees must not approvc the financial statements unless they arc satisfied that
they give a true and fair view of the state of affairs of the charitable Company and of its incoming resources
and application of resources, including the income and expenditu￿ of the charitable company, for that period.
In preparing thcse accounts, th¢ trustees are required to:
select suitable accounting policies and then apply them consistently.
observ¢ th¢ methods and principles in the Charities SORP;
make judgcments and estiInat¢s that are reasonable and prudent.
state whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the accounts. and
prepare the accounts on the going concern basis unless it is inappropriate to prcsume that the charity will
continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and cxplain
th¢ charitable company's transactions and disclose with reasonable accuracy at any time the financial position
of the charitable company and enabl¢ them to ensure that the accounts comply with the Companics Act 2006.
They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for th¢ prevention and detection of fraud and other irregularities.
Th¢ trustees are responsible for the maintenance and integrity of the corporate and financial infomiation
included on the charitable company's website. Legislation in the United Kingdom governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
On behalf of the board:
Steven Coombe
Trustee
Date: 20 D¢cember 2024
The report of the trustees has been prepared in accordance with the small company regime (Section 419(3) of
the Companies Act 2006).

Encounters Festivals Limited
INDEPENDENT EX4MINER'S REPOR T TO THE TRUSTEES OF ENCOUJVTERS FESTIVALS
LIMITED
I report on the accounts of Encounters Festivals Limited ('*he Charity") for the year ended 31 March 2024,
which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the
related notes.
Respective responsibilities of trustees and examiner
As the cliarity's trustees (and the directors of the company for the purposes of company law), you are
responsible for the preparation of the accounts. You consider that an audit is not required for this year under
section 144 of the Charities Act 2011 (the 201 E Act) and that an independent examination is needed. You aKso
consider that an audit is not required for this year under the Companies Act 2006, Part 16.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for
independent examination, it is my responsibility to examine the accounts under section 145 of the 201 I ACL
follow the procedures laid down in the general Directions given by the Charity Commission under section
145(5)(b) of the 201 l Act, and state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was Ca￿led out in accordance with the general Directions given by the Charity Commission.
An examination includes a review of thc accounting records kept by the Charity and a comparison of the
accounts pres¢nted with those records. It also includes consideration of any unusual items or disclosures in
the accounts and seeking explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is
given as to whether the accounts present a 'truc and fair view, and the report is limited to those matters set out
in the statement below.
Independent examlner's statement
The charity's gross income exceeded £250,000 and I am qualified to undertake the examlnation by being a
qualified member and Fellow of the Institute of Chartered Accountants in England & Wales.
I have completed my examination. l Confirm that no matters have come to my attention in connection with
th¢ examination giving me cause to believe:
accounting records were not kept in respect of thc Company as required by section 386 of the 2006
Act; or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view which is not a matter consider¢d as
part of an independent examination. or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities, applicable to charities
preparing their financial statcments in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102).
Your attention is drawn to the paragraph on going concern in Note 2 to the accounts on page I I regarding
recent events.
Name: Philip Bary
20 tkcember 2024
Relevant professional qualification or body: FCA
Address:
Hollands Accountancy Limited, l l & 13 St Thomas Square,
Monmouth, United Kingdom. NP25 SES.

Encounters Festivals Limited
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE
ACCOUNT)
for the Year Ended 31 March 2024
Total
Funds
2024
Total
Funds
2023
Unrestricted Restricted
Funds
Funds
Note
INCOME FROM:
Donated services and facilities
9,863
9,863
84,700
Investments
448
448
86
Charitable activities
89,865
101,976
191,841
278,562
TOTAL INCOME
90,313
111,839
202,152
363,348
EXPEIYDITURE ON:
Raising funds
(4,692)
(8,713)
(13,405)
(10,638)
Charitable activities
(58,995)
(158,494)
(217,489)
(387,369)
TOTAL EXPENDITURE
63,687
167,207
230,894
398,007
Net (expenditure)/income beforc
transfers
26,626
(55.368)
(28,742)
(34,659)
Transfers
Grosg transfers between funds
13,14
(52,753)
52,753
Nct movement in funds
26,127)
2,615
28,742
34,659
Reconciliation of funds
Total funds brought forward
Total funds catried fonvard
74,529
48,402
2,615
77,144
48,402
111,803
77,144
The statement of financial activities includes all gains and losses recognised in the year, together with retaiFted
eamings of each fund at the beginning and end of the year. There was no other comprehensive incom¢ in either
year.
All income and expenditure derive from continuing activities.
The notes on pages 11 to 17 form part of these accounts

Encounters Festivals LimÉted
BALANCE SHEET
at 31 March 2024
Registered Number.. 03229078
2024
2023
Note
FIXED ASSETS
Tangible assets
10
1,396
CIIRRENT ASSETS
Debtors
Cash at bank and in hand
785
63,699
41,604
105,303
59,805
CREDITORS.. amounts falling due within one year
12
(11,403)
(29,555)
NET CURRENT ASSETS
48,402
75,748
NET ASSETS
48,402
77,144
FUNDS
Unrestricted Funds
Restricted Funds
l3
14
48,402
74,529
2,615
TOTAL CHARITY FUNDS
48,402
77,144
The company is exempt from th¢ requirements relating to preparing audited accounts in accordance
with section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit of its accounts for the year in question
in accordance with Section 476 of thc Comp￿]IeS Act 2006;
The directors acknowledg¢ their responsibility for complying with the requirements of this act with
respect to accounting records and preparation of accounts. and
These accounts have been prepared ill accordance with the special provisions of Part 15 of the
Companies Act relating to small companies and Constitute the annual accounts required by the
Companies Act 2006 and are for circulation to members.
Approved by the trustees on 20 December 2024 and signed on their behalf by
Steven Coombe
Trustee
The notes on pages 11 to 17 form part of these accounts

Encounters Festivals Limited
STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2024
2024
2023
CASH (USED Th) OPERATING ACTIVITIES
Net movement in funds
Add back depreciation charge
Decrease/(increase) in debtors
(Decrease) in creditors
(28,742)
1,396
62,914
(18,152)
(34,659)
1,396
(12,657)
(57,357)
NET CASH GENERATED FROM/ (USED IN)
OPERATING ACTIVITIES
17,416
103,277
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible fixed assets
CASH USED IN INVESTING ACTIVITIES
INCREASE IN CASH AND CASH EQUIVALENTS IN
THE YEAR
17,416
(103,277)
Cash and cash equivalents at the beginning of th¢ year
41,604
144,88E
TOTAL CASH AND CASH EQUIVALEiYfs AT THE
END OF THE YEAR
59,020
41,604
Tbe notes on pages I I to 17 form part of these accounts

Encounters Festivals Limited
NOTES TO THE ACCOUNTS
for the Year Ended 31 March 2024
COMPANY STATUS
The company is limited by guarantee and does not have share capital. It is incorporated in England
and Wales. The liability of each guarantor is limited to £1 O in the event of a winding up. The principal
place of business and registered office are disclosed in the Report of the Trustees.
ACCOUNTING POLICIES
The principal accounting policies adopted, significant judgements and key sources of ¢stimation
uncertainty in the preparation of the accounts are as follows:
Basis ofpreparalion
The accounts have been prepared in Sterling rounded to the nearest pound and in accordance with
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
prcparing their accounts in accoiylance with the Financial Rcporting Standard applicable in the UK
and Republic of Ir¢land (FRS102) (effective l January 2019) - (Charities SORP FRS102), the
Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS102), th¢ Companies
Act 2006 and the Charitics Act 2011. The company meets the definition of a public benefit entity
under FRS102. Assets and liabilities are initially r¢cognised at historical cost or transaction value
unless othenvis¢ statcd in the relevant accounting policy notes.
Preparalion oflhe nccounls as a going concern
The trustees received notification during the year of the withdrawal of funding from two main funders
which posed material uncertainties about th¢ charity's ability to continue as a going concern and
rcsulted in th¢ 2024 festival being cancelled. The trustees havc undertaken a review of the Lharity's
future operations and funding opportunities and havc taken measures to significantly reduce ongoing
costs. The trustees have a reasonable expectation that the charity will hav¢ sufficient funds to deEiv¢r
a festival in 2025 and be able to pay its debts as and when they fall due in the 12 tnonths from signing
these accounts. The trustees therefore continue to adopt the going concern basis of accounting in
preparing the accounts.
Tangiblefixed assets
Individual assets costing £500 or more are capitalised at cost. Tangible fixed assets are depreciated on
a straight-line basis over thcir estimated useful lives as follows-
Equipment
25%
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Accrued income is valued at the amount expected to be received, net of any trade discount offered.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and deposits held on call at banks.
Creditors andprovisions
Creditors and provisions are recognised wher¢ the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to settle
the obligation can be measured or estimated reliably. Creditors and provisions are nornially recognised
at their scttlem¢nt amount after allowing for any trade discounts due.
Financial inslruments
The charity only has financial assets and fInancial liabilities of a kind that qualify as basic financial
instnjments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value. The charity has no financial instruments measured at amortised
cost.
10

Encounters Festivals Limited
NOTES TO THE ACCOUNTS
for the Year Ended 3 E March 2024
ACCOUNTING POLICIES (eontinued)
Income
Income derived from charitable activities is stated after trade discounts, other sales taxes and net of
VAT.
Dondtions andgrants
Income froin donations and grants, including capital grants, is included in incoming resources when
these are receivable, except as follows:
When donors specify that donations and grants given to the charity must be used in future
accounting periods, the income is deferred until those periods.
When donors impose Conditions, which have to be fulfilled before the charity becomes
entitled to use such income, the incom¢ is deferred and not included in incoming resources
until the pre-conditions for use have been met.
When donors srKcify that donations and grants, including capital grants, are for particular Testricted
purposes, which do not amount to pre-conditions regarding ¢ntitlement, this income is included in
incoming resourccs ot"r¢stricted funds when receivable.
Box office income,film submissions income and adverlising andpromotion income
These forms of incom¢ are recognised on an accruals basis and are recognised in the y¢ar in which
th¢ Festival, to which the income rclates, takes place.
Doftoledservices andfacilities
Donated services and facilities arc included in income at a valuation, which is an Cstimate of the
financial cost borne by the donor where such a cost is quantiftable and mcasurable. No income is
recognis¢d when there is no financial cost borne by a third party.
Inleresl receivable
Interest is included when receivable by the charity.
Resources 4¥pended
Resources expended are included in the Statement of Financial Activities on an accruals basis,
inclusive of any VAT, which cannot be recovered.
Certain expenditure is directly attributable to specific activities and has been included in those cost
categories. Certain other costs, which are attributable to more than one activity, are apportioned across
ost categories on the basis of an estimate of the proportion of time spent by staff on thos¢ activities.
Charitable activities include expenditure associated with the staging of the film festivals and include
both the direct costs and support costs relating to these activities.
Governance costs include those incurred in the governance of the charity and its assets and are
primarily associated with constitutional and statutory requirement.
Pension costs and olherposl-relirement benefils
The charity makes contributÉons to defined contribution p¢nsion schemes and these are charged to
charitable activities as they become payable in accordance with the rules of the scheme. Differences
between contributions payable in the year and those actually paid are shown as either accruals or
prepayments in the balance slie¢t.

Encounters Festivals Limited
NOTES TO THE ACco￿￿Ts
for the Year Ended 31 March 2024
ACCOUNTING POLICIES (continued)
Foreign Currencies
Assets and liabilities in foreign currencies are translated into stcrling at the rates of exchange ruling
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving
at the net income of the charity.
FundAccounting
Funds held by the charity are:
Unrestricled general fvnds - these are funds, which can be used in accordance with the
charitable objects at the discretion of the trustees.
Restricledfunds - these are funds that can only be used for particular restricted purposes
within the objects of the charity. Restrictions arise when specifid by the donor or when funds
are raised for particular restricted purposes.
CORPORATION TAX
The Charity, which is a registered charity, is not liable to corporation tax on the net revenue from its
primary activity or investment income to the extent that these are applied to its charitable objects.
INCOME FROM DONATED SERVICES AND FACILITIES
Gifts in kind are analysed into the followlng items:
2024
2023
Festival programme
Marketing
9,863
43,500
41,200
84,700
9,863
INCOME FROM CHARITABL£ ACTIVITIES
2024
Unrestricted
2023
Restricted
Unrestricted
Restricted
Sponsorship
Grants and donations
receivable
Festival box office income
Film submissions
Advertising, promotion
and other
14,900
87,076
16,100
160,671
13,393
72,905
24,508
68,958
3,567
89,865
8,325
101,791
101,976
176,771
12

Encounters Festivals Limited
NOTES TO THE ACCOUNTS
for the Year Ended 31 March 2024
EXPENDITURE ON K41SING FUNDS
Expenditure on raising funds consists of a percentage of the Festival Director's salary, to reflect the
time spent raising funds, together with the cost of external fundraisers.
2024
2023
Expenditure on raising funds
13,405
10,638
EXPENDITURE ON CHARITABLE ACTIvrrIES
Festival expenditure does not involve any grant making activities.
2024
2023
Unrestricted
Restricted
Unrestricted
Restricted
Staff costs
Artistic programme
Marketing
Stationery and
subscriptions
Administration services
Governance costs (see
llote 8)
Sundry
Bad or doubtful debts
33,805
62,781
85,022
5,342
51,517
95,673
145,143
48,717
1,392
20,836
1,320
32,992
2,838
124
5,200
3,140
35
5,000
149
158,494
3,832
298,365
58,995
89.004
Administrative services are shown net of foreign currency loss of £82 for the year (2023 - gain
£727) and includes rent of £12,932 (2023 £9,276).
GOVERNANCE COSTS
2024
2023
Legal fees
Bookkeeping fees
Accountancy fees
Independent examiner's fees
120
2,970
4,000
1,050
8,140
2,838
4,000
1,200
8,038
Net incoming resources for the year
2024
2023
This is stated after charging:
Depreciation
E,396
1,396
1,396
1,396
13

Encounters Festivals Limited
NOTES TO THE ACCOUNTS
for the Year Ended 31 March 2024
STAFF COSTS, TRUSTEES, REMUNERATION AND EXPENSES Ar￿D THE COST OF
KEY MANAGEMENT PERSONEL
2024
2023
Wages and salaries
Employers pension contributions
Social security costs
104,683
1,839
3,469
109,991
148,138
2,584
7,106
157,828
No employee earned more than £60,000 per annum.
The charity trustees were not paid and did not receive any other benefits from employment with the
charity in the ycar (2023 £nil). The trustees are only reimbursed for expenses relating to the
attendance of mcetings in Bristol which amounted to £1, I l O for the year (2023 - £1,527).
Certain staff are supplied by employment agencies at prevailing market rates.
The key management personnel of the charity comprise the trustees and the Festival Director. The
total eTnployment benefits of the key management personnel for the year were £51,556 (2023
£40,911).
The average monthly h¢adcount was 4 staff (2023 - 5 stalD and the average numbcr of full-tim¢
equivalent employees (including casual and part-time staffj during the year was made up as follows:
2024
2023
Management and administration
10
TANGIBLE ASSETS
Equipment
Cost
At l April 2023
Additions
At 31 March 2024
14,099
14,099
Depreciation
At l April 2023
Charge for the year
At 31 March 2024
12,703
14,099
Net Book Value
31 March 2024
31 March 2023
14

Encounters Festivals Limited
NOTES TO THE ACCOUNTS
for the Year Ended 31 March 2024
11
DEBTORS
2024
2023
Trade and other debtors
Prepayments and accrued income
VAT
785
62,440
1,259
63,699
785
12
CREDITORS: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Other taxes and Social Security
VAT
Pension liability
217
9,861
858
299
168
IE,403
3,188
25,055
955
357
29,555
At 31 March 2024 the charity had a rental commitment of £nil falling due within one year (2023 -
£1,500).
13
UNRESTRICTED FUNDS OF THE CHARITY
CURRENT YEAR
Atl
April
2023
Incoming
Resources
Outgoing
Resourccs
Transfer to
restricted
funds
At31
March
2024
Unrestricted genernl fund
74,529
90,313
63,687
52,753
48,402
PREVIOUS YEAR
Atl
April
2022
Incoming
Resources
Outgoing
Resources
Transfer to
restricted
funds
At31
March
2023
Unrestricted general fund
65,379
101,877
92,727
74,529
14
RESTRICTED FUNDS OF THE CHARITY
CURRENT YEAR
Atl
April
2023
Incoming
Resources
Outgoing
Resources
Transfer
from
unrestricted
funds
At31
March
2024
Festival fund
2,615
111,839
167,207
52,753
15

Encounters FestÉvals Limited
NOTES TO THE ACCOUNTS
for the Year Endcd 31 March 2023
14
RESTIUCTED FUNDS OF THE CHARITY (continued)
PREVIOUS YEAR
Atl
April
2022
Incoining
Resources
Outgoing
Resources
Transfer
from
unrestricted
funds
At31
March
2023
Festival fund
46,424
261,471
305,280
2,615
15
ANALYSIS OF NET ASSETS BETWEEN FUNDS
CURRENT YEAR
Unrestricted
fund
Restricted
fund
Total
Tangible fixed assets
Cash
Other net current assets/ (liabilities)
Net assets
59,020
10,618
48,402
59,020
10,618
48,402
PREVIOUS YEAR
Unrestricted
fund
Restricted
fund
Total
Tangible fixed assets
Cash
Other net cU￿ent assets/ (liabilities)
Net assets
1,396
38,989
34,144
74,529
1,396
41,604
34,E44
77,144
2,615
2,615
16
RELATED PARTY TRANSACTIONS
The charity entered into the following transactions during the year, which require disclosur¢ under
FRSIO2:
Organisation
Trustee's name
Transaction
Income/(expenses) during the year
type
2024
2023
Aardman Animations
N Collicr and
Mark Hewis
Sponsorship
6,000
6,000
16