| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | f | f | f | f | |||
| Income and endowments | from | ||||||
| Donations and legacies |
103,889 | 103,889 | 174,363 | ||||
| Charitable activities |
|||||||
| Festival activities | 119,343 | 119,343 | 61,580 | ||||
| Investment income |
488 | 57 | 545 | 23 | |||
| Total | 223,720 | 57 | 223,777 | 235,966 | |||
| Expenditure on |
|||||||
| Raising funds | 14,857 | ||||||
| Charitable activities |
|||||||
| Festival activities | 231,864 | 231,864 | 191,814 | ||||
| Total | 231,864 | 231,864 | 206,671 | ||||
| NET INCOME/(EXPENDITURE) | (8,144) | 57 | (8,087) | 29,295 | |||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 45,872 | 21,536 | 67,408 | 38,113 | ||
| Total funds carried | forward | 37,728 | 21,593 | 59,321 | 67,408 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | E | f | E | f | |||
| Fixed assets | |||||||
| Tangible assets | 12 | 1,475 | 1,475 | 1,969 | |||
| Current assets | |||||||
| Debtors | 13 | 8,542 | 8,542 | 1,310 | |||
| Cash at bank | and in hand | 135,380 | 21,593 | 156,973 | 183,285 | ||
| 143,922 | 21,593 | 165,515 | 184,595 | ||||
| Creditors | |||||||
| Amounts falling due within one year |
14 | (34,319) | (34,319) | (50,806) | |||
| Net current | assets | 109,603 | 21,593 | 131,196 | 133,789 | ||
| Total assets | less current | liabilities | 111,078 | 21,593 | 132,671 | 135,758 | |
| Provisions for liabilities | 15 | (73,350) | (73,350) | (68,350) | |||
| NET ASSETS | 37,728 | 21,593 | 59,321 | 67,408 | |||
| Funds | 16 | ||||||
| Unrestricted | funds | 37,728 | 45,872 | ||||
| Restricted funds | 21,593 | 21,536 | |||||
| Total funds | 59,321 | 67,408 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | f | f | ||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
(26,854) | 19,980 | ||||
| Interest paid |
(3) | (17) | ||||
| Net cash (used in)/provided | by operating | activities | (26,857) | 19,963 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed |
assets | (1,789) | ||||
| Interest received | 545 | 23 | ||||
| Net cash provided by/(used |
in) investing | activities | 545 | (1,766) | ||
| Change in cash and cash equivalents |
in the | |||||
| reporting period |
(26,312) | 18,197 | ||||
| Cash and cash equivalents | at the beginning | of | ||||
| the reporting period |
183,285 | 165,088 | ||||
| Cash and cash equivalents | at the end | ofthe | ||||
| reporting period |
156,973 | 183,285 |
| 1. | Reconciliation ofnet (expenditure)/income |
Reconciliation ofnet (expenditure)/income |
to net cash flow from operating | activities | ||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f | f | |||||
| Net (expenditure)/income | for the reporting | period (as per the Statement of | ||||
| Financial Activities) | (8,087) | 29,295 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
494 | 656 | ||||
| Interest received | (545) | (23) | ||||
| Interest paid | 3 | 17 | ||||
| Increase in pension provision |
5,000 | |||||
| (Increase)/decrease in debtors |
(7,232) | 61 | ||||
| Decrease in creditors | (16,487) | (10,026) | ||||
| Net cash (used in)/provided | by operations | (26,854) | 19,980 |
| Analysis ofchanges | in net funds | |||
|---|---|---|---|---|
| At 1.4.22 | Cash flow | At 31.3.23 | ||
| f | f | f | ||
| Net cash | ||||
| Cash at bank and in | hand | 183,285 | (26,312) | 156,973 |
| 183,285 | (26,312) | 156,973 | ||
| Total | 183,285 | (26,312) | 156,973 |
| Donations and legacies |
||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| f | f | f | f | |
| Sponsorship | 24,200 | 24,200 | 20,700 | |
| Donations | 24,814 | 24,814 | 41,958 | |
| Gift aid | 8,155 | 8,155 | 5,537 | |
| Grants | 46,720 | 46,720 | 106,168 | |
| 103,889 | 103,889 | 174,363 |
| Year | Year | ||
|---|---|---|---|
| ended | ended | ||
| 31.3.23 | 31.3.22 | ||
| f | f | ||
| Norfolk County Council | 4,765 | 4,765 | |
| KL&WNBC | 28,557 | 27,801 | |
| Arts Council of England | —East | 7,648 | 67,348 |
| Creative Arts East | 254 | ||
| Other grants | 5,750 | ||
| 46,720 | 106,168 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| f | f | f | f | |||
| Deposit | account | interest | 488 | 57 | 545 | 23 |
| 4. | Income from | chari | table activities |
||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Activity | f | f | |||||||
| Boxoffice and | other | ||||||||
| performance | related income | Festiva | I activities | 103,720 | 36,101 | ||||
| Boxoffice and | other | ||||||||
| performance | related income— | ||||||||
| Winter series | Festiva | I activities | 10,613 | 25,479 | |||||
| Boxoffice and | other | ||||||||
| performance | related income— | ||||||||
| Mini festivals | Festiva | I activities | 5,010 | ||||||
| 119,343 | 61,580 | ||||||||
| 5. | Raising funds | ||||||||
| Raising donations | and legacies | ||||||||
| 2023 | 2022 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | funds | funds | ||||||
| f | f | f | f | ||||||
| Arts Council Grant | expenditure | 14,857 | |||||||
| 6. | Charitable activities costs |
||||||||
| Support | |||||||||
| Direct | costs (see | ||||||||
| Costs f |
note 7)f | Totals f |
|||||||
| Festiva I activities |
230,401 | 1,463 | 231,864 | ||||||
| 7. | Support costs | ||||||||
| Governance | |||||||||
| costs | |||||||||
| f | |||||||||
| Festiva I activities |
1,463 |
| 2023 | 2022 |
|---|---|
| f | f |
| 494 | 656 |
| Staff costs | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| f | f | |||||||
| Wages and | salaries | 51,315 | 43,539 | |||||
| Other pension costs | 13,928 | 8,854 | ||||||
| 65,243 | 52,393 | |||||||
| The average | monthly | number of | employees | during the year was as follows: | ||||
| 2023 | 2022 | |||||||
| Administration | 3 | 4 | ||||||
| No employees received emoluments |
in excess off60,000. | |||||||
| Comparatives for the |
statement | of | financial | activities | ||||
| Unrestricted | Restricted | Total | ||||||
| fund | fund | funds | ||||||
| f | f | f | ||||||
| Income and | endowments | from | ||||||
| Donations and legacies |
174,363 | 174,363 | ||||||
| Charitable activities |
||||||||
| Festiva I activities |
61,580 | 61,580 | ||||||
| Investment | income | 21 | 23 | |||||
| Total | 235,964 | 235,966 | ||||||
| Expenditure | on |
| Comparatives for the statement offinancial activities - |
continued | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| fund | fund | funds | |
| f | f | f | |
| Raising funds | 14,857 | 14,857 | |
| Charitable activities |
|||
| Festiva I activities |
191,814 | 191,814 | |
| Total | 206,671 | 206,671 | |
| NET INCOME | 29,293 | 29,295 | |
| Reconciliation offunds |
|||
| Total funds brought forward |
16,579 | 21,534 | 38,113 |
| Total funds carried forward | 45,872 | 21,536 | 67,408 |
| Tangible fixed assets | |||
| Fixtures | |||
| and | |||
| fittings | |||
| f | |||
| Cost | |||
| At 1st April 2022 and 31st March 2023 | 5,365 | ||
| Depreciation | |||
| At 1st April 2022 | 3,396 | ||
| Charge for year | 494 | ||
| At 31st March 2023 | 3,890 | ||
| Net book value | |||
| At 31st March 2023 | 1,475 | ||
| At 31st March 2022 | 1,969 |
| Net | ||||||||
|---|---|---|---|---|---|---|---|---|
| movement | ||||||||
| At 1.4.22 | in funds | At 31.3.23 | ||||||
| f | f | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 45,872 | (8,144) | 37,728 | |||||
| Restricted funds | ||||||||
| Ruth Fermoy | memorial | fund | 21,536 | 57 | 21,593 | |||
| TOTAL FUNDS | 67,408 | (8,087) | 59,321 | |||||
| Net movement | in funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| f | f | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 223,720 | (231,864) | (8,144) | |||||
| Restricted funds | ||||||||
| Ruth Fermoy | memorial | fund | 57 | 57 | ||||
| TOTAL FUNDS | 223,777 | (231,864) | (8,087) | |||||
| Comparatives | for movement | in | funds | |||||
| Net | ||||||||
| movement | ||||||||
| At 1.4.21 | in funds | At 31.3.22 | ||||||
| f | f | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 16,579 | 29,293 | 45,872 | |||||
| Restricted funds | ||||||||
| Ruth Fermoy | memorial | fund | 21,534 | 21,536 | ||||
| TOTAL FUNDS | 38,113 | 29,295 | 67,408 |
| Incoming | Resources | Movement | ||||||
|---|---|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||||
| f | f | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 235,964 | (206,671) | 29,293 | |||||
| Restricted funds | ||||||||
| Ruth Fermoy | memorial | fund | ||||||
| TOTAL FUNDS | 235,966 | (206,671) | 29,295 | |||||
| A current year 12months | and prior year 12months | combined | position | is as follows: | ||||
| Net | ||||||||
| movement | ||||||||
| At 1.4.21 | in funds | At 31.3.23 | ||||||
| f | f | f | ||||||
| Unrestricted | funds | |||||||
| General fund | 16,579 | 21,149 | 37,728 | |||||
| Restricted funds | ||||||||
| Ruth Fermoy | memorial | fund | 21,534 | 59 | 21,593 | |||
| TOTAL FUNDS | 38,113 | 21,208 | 59,321 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| f | f | f | |||
| Unrestricted | funds | ||||
| General fund | 459,684 | (438,535) | 21,149 | ||
| Restricted funds | |||||
| Ruth Fermoy | memorial | fund | 59 | 59 | |
| TOTAL FUNDS | 459,743 | (438,535) | 21,208 |