REGISTERED CHARITY NUMBER: 1070179
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
FOR
HAYDN FESTIVAL TRUST
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
HAYDN FESTIVAL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
HAYDN FESTIVAL TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
The main purpose of the charity is to support the live performance of classical music within the Bridgnorth rural district area.The main activities undertaken to further the charity's purposes for the public benefit are the financial support of the annual English Haydn Festival, a nine day classical music festival focused around the works of Haydn and those composers of the late 18th century. The trust promotes the performances of classical music to the local youth, through a schools concert.
In 2020 our financial position had enabled us to organise a five day Festival, so we did have a number of financial outgoings in addition to generous donations from our supporters. However, because of the outbreak of Covid 19, we had to cancel the Festival, and arranged with the musicians and quartet groups to reschedule the Festival to 2021.
The Festival does continue to provides a unique opportunity for residents of a rural community, together with a large number of tourists, to experience top class performances by world renowned soloists with the consequence of generating an economic benefit to Bridgnorth, and so we are sorry that we had to cancel the 2020 event.
We continue to support the policy of equal opportunity for all sections of the national and international community with disabled person access, youth learning skills, and a multi- ethnic audience.
I would take this opportunity to thank all the Festival Friends and Sponsors for continuing to support the Trust and its policy of bringing live classical performances to a rural community.
In pursuing the charity's objectives the trustees have had regard to the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The company has benefited from an increase in total income from sponsorship and donations during the year of £40,559 this year compared to £26,105 last year.
FINANCIAL REVIEW
Financial position
The funds are currently at £39,046 which is being maintained to allow the festival to continue and promote classical music to the local area.
During the year ended 31st December 2020, there was a surplus of income over expenditure of £36,946 compared to a deficit of £8,914 last year. The Charity has sufficient reserves to support the festival for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, dated 2nd June 1998, and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The charity does not use any particular method to recruit and appoint new trustees but relies on the goodwill and assistance from local residents.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1070179
Page 1
HAYDN FESTIVAL TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020
Principal address
20 West Castle Street Bridgnorth Shropshire WV16 4AB
Trustees
Mr M C Proudman Mrs A Macdonald A S G Thompson
Independent Examiner
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Approved by order of the board of trustees on 30th September 2021 and signed on its behalf by:
Mr M C Proudman - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAYDN FESTIVAL TRUST
Independent examiner's report to the trustees of Haydn Festival Trust
I report to the charity trustees on my examination of the accounts of Haydn Festival Trust (the Trust) for the year ended 31st December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Chartered Accountants Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
30th September 2021
Page 3
HAYDN FESTIVAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 24,554 | 20,335 | |
| Other trading activities | 2 | 16,005 | 5,770 |
| Total | 40,559 | 26,105 | |
| EXPENDITURE ON | |||
| Other | 3,613 | 35,019 | |
| NET INCOME/(EXPENDITURE) | 36,946 | (8,914) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 2,100 | 11,014 | |
| TOTAL FUNDS CARRIED FORWARD | 39,046 | 2,100 |
The notes form part of these financial statements
Page 4
HAYDN FESTIVAL TRUST
STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2020
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 39,046 | 2,100 | |
| NET CURRENT ASSETS | 39,046 | 2,100 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 39,046 | 2,100 | |
| NET ASSETS | 39,046 | 2,100 | |
| FUNDS | 5 | ||
| Unrestricted funds | 39,046 | 2,100 | |
| TOTAL FUNDS | 39,046 | 2,100 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30th September 2021 and were signed on its behalf by:
Mr M C Proudman - Trustee
The notes form part of these financial statements
Page 5
HAYDN FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ' and the Charities Act 2011. The financial statements have been prepared on a receipts and payments basis under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, the income has been received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an payments basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Subscriptions | 16,005 | 5,770 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Page 6
HAYDN FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||||
|---|---|---|---|---|
| fund | ||||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 20,335 | |||
| Other trading activities | 5,770 | |||
| Total | 26,105 | |||
| EXPENDITURE ON | ||||
| Other | 35,019 | |||
| NET INCOME/(EXPENDITURE) | (8,914) | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 11,014 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,100 | |||
| 5. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 2,100 | 36,946 | 39,046 | |
| TOTAL FUNDS | 2,100 | 36,946 | 39,046 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 40,559 | (3,613) | 36,946 | |
| TOTAL FUNDS | 40,559 | (3,613) | 36,946 |
Page 7
HAYDN FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,014 | (8,914) | 2,100 |
| TOTAL FUNDS | 11,014 | (8,914) | 2,100 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 26,105 | (35,019) | (8,914) |
| TOTAL FUNDS | 26,105 | (35,019) | (8,914) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,014 | 28,032 | 39,046 |
| TOTAL FUNDS | 11,014 | 28,032 | 39,046 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,664 | (38,632) | 28,032 |
| TOTAL FUNDS | 66,664 | (38,632) | 28,032 |
Page 8
HAYDN FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
6. RELATED PARTY DISCLOSURES
There are no related party transactions for the year ended 31st December 2020, nor for the year ended 31st December 2019.
Page 9
HAYDN FESTIVAL TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Tickets, programmes and discs | 5,911 | 4,735 |
| Sponsorships and other income | 7,900 | 15,600 |
| Gift aid | 10,743 | - |
| 24,554 | 20,335 | |
| Other trading activities | ||
| Subscriptions | 16,005 | 5,770 |
| Total incoming resources | 40,559 | 26,105 |
| EXPENDITURE | ||
| Other | ||
| English Haydn Festival Limited | 2,527 | 32,852 |
| Advertising | 1,076 | 1,595 |
| Postage and stationery | 10 | 231 |
| Licenses | - | 91 |
| Trustees meal | - | 250 |
| 3,613 | 35,019 | |
| Total resources expended | 3,613 | 35,019 |
| Net income/(expenditure) | 36,946 | (8,914) |
This page does not form part of the statutory financial statements
Page 10