| INDEX TOTHE FINANCIAL STATEMENTS | PAGE |
|---|---|
| REFERENCE AND ADMINISTRATIVE DETAILS |
|
| TRUSTEES' ANNUAL REPORT |
|
| STRIJCTURE, GOVERNANCE AND MANAGEMENT |
4 |
| AIMS, OBJECTIVES AND ACTIVITIES | 4 |
| PUBLIC BENEFITSTATEMENT | 6 |
| ACHIEVEMENTS AND PERFORMANCES |
7 |
| FINANCIAL REVIEW | 8 |
| TRUSTEES' RESPONSIBILITY STATEMENT | 10 |
| REPORT OF THE INDEPENDENT EXAMINER |
|
| STATEMENT OF FINANCIAL ACTIVITIES | 13 |
| BALANCE SHEET | |
| NOTES TO THE FINANCIAL STATEMENTS |
| for free reserves | |||||
|---|---|---|---|---|---|
| Lower level | Upperlevel | ||||
| E | f | ||||
| Reserve to meet ongoing | obligations | relatmg to | staff, | ||
| lease commitments, creditors etc |
30,000 | 40,000 | |||
| Recerve to meet ongoing | maintenance | 10,000 | 20,000 | ||
| Reserve to cover ongoing | deficits arising through | COVID | |||
| recovery/cost ofliwng concerns |
20,000 | 20,000 | |||
| 80,000 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||
| Notes | f | E | E | E | |||
| INCOME | |||||||
| Donations, sponsorship & |
subscrlptions | 2 | 42,910 | 17,243 | 60,153 | 51,337 | |
| Grants. receivable | 3 | 14,000 | 14,000 | 33,154 | |||
| income jram charitable activities: |
|||||||
| Events incame —music | and arts | 4 | 76,539 | 76,539 | 24,503 | ||
| Event income —cinema | 9,643 | 9,643 | 4,917 | ||||
| income jrom other uadlng | activities: | ||||||
| Bar sales | 5 | 23,239 | 23,239 | 7,983 | |||
| Facilities hire and market trading | 6 | 11,133 | 11,133 | 6,801 | |||
| Facilities licence fee charge to trading | |||||||
| subsidiary | 7 | 18,000 | 18,000 | 16,500 | |||
| Danation fram trading |
subsidiary | 7 | 4,732 | 4,732 | 43,073 | ||
| Other income | 8 | 147 | 1.47 | 2,529 | |||
| TOTAL INCOIYIE | 200,343 | 17,243 | 217,586 | 190,797 | |||
| EXPENDITURE | |||||||
| Expendlrure on chan'table |
activities'I | ||||||
| Tetbury Trail |
9 | 17,829 | 17,829 | 48,684 | |||
| The Signal Bax | 9 | 1,258 | 1,258 | 742 | |||
| Grand piano | 9 | ||||||
| Events.costs- music and arts | 9 | 109,034 | 109,034 | 75,978 | |||
| Events costs —Cinema | 9 | 19,106 | 19,106 | 16,198 | |||
| Expenditure on raising fundsr |
|||||||
| Cafe and bar purchases | 9 | 47,499 | 47,499 | 25,322 | |||
| Facilities hire &market | trading costs | 9 | 16,989 | 16,989 | 18,182 | ||
| Facilities licence fee charge to trading | |||||||
| subsidiary | 9 | 18,000 | 18,000 | 16,5D0 | |||
| TOTALEXPENSES | 210,628 | 19,087 | 229,715 | 201,606 | |||
| NET INCOME BEFORETRAIYSFERS | (10,285) | (1,844) | (12,129) | (10,809) | |||
| TRANSFERS BETWEEN FUNDS | 1B,19 | 2,697 | (2,697) | ||||
| NET IVIOVEMENT IN FUNDS |
(7,588) | (4,541) | (12,129) | ('10,809) | |||
| RECONCILIATIOhl OF FUNDS |
|||||||
| Tatal funds brought forward |
18,19 | 299,671 | 28,110 | 327,781 | 338,590 | ||
| TOTAL FUNDS CARRIED FORWARD | 292,083 | 23,569 | 315,652 | 327,781 |
| Notes | 2022f | 2021 f |
|||
|---|---|---|---|---|---|
| FIXEDASSETS | |||||
| Tangible assets | 13 | 225,736 | 231,754 | ||
| investment in tradihg |
subsidiary | 14 | 100 | 100 | |
| 225,836 | 231,854 | ||||
| CURRENTASSET5 | |||||
| Stocks | 596 | 596 | |||
| Debtors and prepayments | 15 | 21,022 | 54,540 | ||
| Cash at bank and in hand | 86,431 | 50,697 | |||
| 108,049 | 105,833 | ||||
| CREDITORS: Amounts | falling due within | mte year | 16 | (18,233) | (9,906j |
| NiET CURRENT ASSETS | 89,816 | 95,927 | |||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 315,652 | 327,781 | |||
| CREDITORS: Amounts | falling due in more | than one year | 17 | ||
| TOTAL IIIETASSETS | 315,652 | 327,781 | |||
| FUNDS | |||||
| Restncted funds |
2830 | 23,569 | 28,110 | ||
| Unrestricted funds |
19,20 | 292,083 | 299,671 | ||
| TOTAL FUliIDS | 315,652 | 327,781 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Fundsf | Funds f |
2022 E |
2021 E |
||
| Donations | |||||
| Restrfcted | |||||
| Tetbury Trail |
32,358 | ||||
| The Signal Box | 2,000 | ||||
| Canopy | 17,243 | 17,243 | |||
| Dares Iricted | |||||
| David Thomas Trust | 10,000 | 10,000 | 10,000 | ||
| Barnwood Trust | |||||
| CQVID-19 waived | refunds | ||||
| COVID-19 donations | |||||
| Other | 6,080 | 6,080 | 3c579 | ||
| Sponsorship | |||||
| Renishaw | 500 | ||||
| Martin Smith Fountfation |
20,000 | 20,000 | 500 | ||
| Cotswold Wealth | 5,000 | ||||
| Subscriptions | |||||
| 200 Club | 1,830 | 1,830 | 2,220 | ||
| 42,910 | 17,243 | 60,153 | 51,337 |
| Unrestricted | Restricted | TatalFunds | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||||
| E | E | f | f | |||||
| Cotswold | District | Caundl | 4,000 | 4,000 | 4,000 | |||
| Gloucestershire | County Council | 5,000 | 5,000 | 8,000 | ||||
| Tetbury | Town Council | 5,000 | 5,000 | |||||
| COVID | 19 | rates grant, | small businesses | 15,878 | ||||
| Arts Council grant | 1,815 | |||||||
| HMRCfurlaugh | 3,461 | |||||||
| 14,000 | 14000 | 33 1S4 | ||||||
| EVENTS | INCOME | —MUSIC AND ARTS | ||||||
| Unrestricted | Total Funds | Total Funds | ||||||
| Funds | 2022 | 2021 | ||||||
| f | f | F | ||||||
| Live performances | 63,924 | 63,924 | 20,142 | |||||
| Exhibitions | 939 | 939 | 976 | |||||
| Art, crafts | and workshops | 3,340 | 3,340 | 935 | ||||
| Talks | 8,336 | 8,336 | 2,450 | |||||
| 76,539 | 76,539 | 24,503 | ||||||
| BAR SALES | ||||||||
| Unrestricted | TotalFunds | Tata I Funds | ||||||
| Funds | 2022 | 2021 | ||||||
| E | f | f | ||||||
| Event barsales | 23,239 | 23,239 | 7,237 | |||||
| Gnema | bar sales | 746 | ||||||
| 23,239 | 23,239 | 7,983 |
| Unrestr)cted | Tote)Funds | Total Funds | |
|---|---|---|---|
| Funds E |
2022f | 2021 f |
|
| Hali hire | 1113-3 | 11,133 | 6,666 |
| Carriage hire | |||
| Market stalls | |||
| 11,133 | 11,133 | 6,801 |
| Year to | Year to | |
|---|---|---|
| 30 November | 30 November | |
| 2022f | 2021 f |
|
| Turnover | 203,067 | 244,148 |
| Cost ofsales | (80,757) | (85,636) |
| Gross profit | 122,310 | 158,512 |
| Wages and salaries | (69,077) | (85,495) |
| TRLRTlicense fee | (18,000) | (16,500) |
| Other costs | (18,348) | (13,444) |
| Surplus before donation to TRLRT | 16,885 | 43,073 |
| Donation to TRLRT | (4,732) | (43.073) |
| Retained profit | 12,153 |
| Unrestricted | Tote)Funds | Total Funds | |
|---|---|---|---|
| Funds f |
2022 f |
2021f | |
| Raffle ticket sales | 9'19 | ||
| Insurance dalm |
1,495 | ||
| Iviiscellaneous | 137 | 137 | 11 |
| Advertising | 100 | ||
| Bank interest | 10 | 4 | |
| 147 | 147 | 2,529 |
| 2022 | |||||
|---|---|---|---|---|---|
| Direct | Wages and | Allocated | Total | ||
| Casts | Salaries f |
Depreciation f |
Overheads f |
2022 f |
|
| Cboritable Activities |
|||||
| Tetbury Trail |
17,829 | 17,829 | |||
| The Signal Box | 3.,258 | '1,258 | |||
| Grand Piano | |||||
| Events —music and arts | 49,429 | 18,396 | 11,707 | 29,503 | 109,034 |
| Events —cinema | 4,390 | 9,524 | 1,475 | 3,717 | 19,106 |
| Raising Funds Cafe and bar costs |
12,050 | 22,942 | 3,553 | 8,954 | 47,499 |
| Fadllties hire &market trading |
10,995 | 1,703 | 4,291 | 16/89 | |
| Facilities costs for subsidiary | 2,753 | 15,247 | 18,000 | ||
| 84,956 | 61,857 | 21,191 | 61,712 | 229,715 | |
| 2021 | |||||
| Direct | Wages and | Allocated | Total | ||
| Costs f |
Salanes f |
Depreciation | Overheads f |
2021 E |
|
| Charitable Activities |
|||||
| Tetbury Trail | 48,684 | 48,684 | |||
| Grand Piano | 742 | 742 | |||
| Events —music and arts | |||||
| Events —cinema | 18i334 | 17,654 | 10,529 | 29,461 | 75,978 |
| 3,053 | 5,548 | 1,685 | 5,912 | 16,198 | |
| Raising Funds | |||||
| Cafe and bar costs | |||||
| Facilities hire gi market trading | 3,980 | 9,008 | 2,736 | 9,598 | 25,322 |
| Facilities costs for subsidiary | 7,674 | 2,331 | 8,177 | 18,182 | |
| 5,654 | 10,846 | 16,500 | |||
| 74,793 | 39,884 | 22,935 | 63,994 | 201,606 |
| 2022 | |||||
|---|---|---|---|---|---|
| Wages and | Total | ||||
| Income E |
Salaries f |
Depreciation f |
Overheads f |
2022 E |
|
| Cbaritabls Activities |
|||||
| Tetbury Trail | IV/A | ||||
| Grand Piano | N/A | ||||
| Events —music and arts | 76(539 | 11,707 | 29,503 | 41,,210 | |
| Events —cinema | 9,643 | 9,524 | 1,475 | 3,717 | 14,716 |
| Roising Funds | |||||
| Cafe and bar casts | 23,229 | 22,942 | 3,553 | 8,954 | 35,449 |
| Fatilities hire & market trading | 11,133 | 10,995 | 1,703 | 4,291 | 16,989 |
| Fadlities costs for subsidiary | 1.8,000 | 2,753 | 15,247 | 18,000 | |
| 43,461 | 21,191 | 61,712 | 126,364 | ||
| 2021 | |||||
| Wages and | Total | ||||
| Income E |
Salaries f |
Depreciation | Overheads f |
2021 E |
|
| Charitable Activities |
|||||
| Tetbury Trail |
IV/A | ||||
| Grand Piano | IV/A | ||||
| Events —music and arts | 24,503 | 8,396 | 29,461 | 37,857 | |
| Events —cfnema | 4,927 | 5,548 | 1,685 | 5,912 | 13,145 |
| Raising Funds | |||||
| Cafe ana bar casts | 2see | 9,ooa | 2,736 | 9,596 | 21,342 |
| Facilities hire &market trading | 6,601 | 7,674 | 2,331 | 8,177 | 18,182 |
| Fadlltles costs far subsidiary | 16,500 | 5,654 | 10,846 | 16,500 | |
| 22,230 | 20,802 | 63,994 | 107,026 |
| Total s | taff costs were as follows: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| f | E | ||
| Wages Social |
and salaries security costs |
58,792 1,527 |
38,150 916 |
| Other | pension costs | 519 | 818 |
| 60838 | 39,884 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| No | No | ||||||
| Number | of | employed | 1.5 | 15 | |||
| The average | number | of employ'ees | and workers | during the year, dn | a per head basis, was as follows: | ||
| 2022 | 2021 | ||||||
| No | No | ||||||
| Number | of | employed | 2 | 2 |
| 12. PREVIOUS YEAR FUN |
D ACCOUNTING CO |
MPARATIVES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| f | E | f | ||
| INCOME | ||||
| Donations, sponsorship 8 |
subscriptians | 16,799 | 34,538 | 51,337 |
| Grants receivable | 25,154 | 8,000. | 33,154 | |
| lncorne from charitable activities: |
||||
| Events income -music | and arts | 24,503 | 24,503 | |
| Event income —cinemA | 4,917 | 4,917 | ||
| Income from other trading | activities: | |||
| Cafe andbar sales |
7,983 | 7,983 | ||
| Facilities hire and market trading | 6,801 | 6,801 | ||
| Facilities licence fee charge to trading | ||||
| subsidiary | 16,500 | 16,500 | ||
| Donation from trading | subsidiary | 43,073 | 43,073 | |
| Bank Interest received | 2,529 | 2,529 | ||
| TOTAL INCOME | 148,259 | 42,538 | 190,797 | |
| EXPENDITURE | ||||
| Expenditure on chan table |
activi ties: | |||
| Tetbury Trail | 49,684 | 48,684 | ||
| The Signal Box |
742 | 742 | ||
| Grancf piano | ||||
| Events costs —music and arts | 75,978 | 75,978 | ||
| Evehts costs —dnerna | 16,198 | 16,198 | ||
| Expenditure on raising funds: |
||||
| Caf6 and bar purchases | 25,322 | 25,322 | ||
| Facilities hire & market | trading casts | 18,182 | 18,182 | |
| Fadlities licence fee charge to trading | ||||
| subsidiary | 16,500 | 16,500 | ||
| TOTAL EXPENSES | 152,180 | 49,425 | 201,606 | |
| NET INCOME BEFORE TRANSFERS | {3,921) | {6,888) | {10,809) | |
| TRANSFERS BETWEEN FUNDS | ||||
| NET IVIOVEIVIENT Ihl FUNDS | {3,921) | {6,888) | {10,809) | |
| RECONCILIATION OF FUNDS |
||||
| Tatal funds brought forward |
303,592 | 34,998 | 388,590 | |
| TOTAL FUNDS CARRIED FORWARD | 299,671 | 28,110 | 327,781 |
| TANGIBLE FIXED | ASSETS | |||||
|---|---|---|---|---|---|---|
| Equipment | ||||||
| Leasehold | Grand | Fixtures & | 8 RaIlway | |||
| Improvements | PIano E |
fittings f |
Carriage f |
Total E |
||
| COST | ||||||
| At 1December 2021 | 133,528 | 42,680 | 107,573 | 95,147 | 378,928 | |
| Additions | 2,699 | 12,474 | 15,173 | |||
| Disposals | ||||||
| At 30Navember | 2022 | 136,227 | 42,680 | 120,047 | 95,147 | 394,101 |
| DEPRECIATION | ||||||
| At 1December 2021 | 13,354 | 8,536 | 58,530 | 66,754 | 147,174 | |
| Charge for the year | 2,725 | 2,134 | 9,227 | 7,105 | 21,191 | |
| Write back on dispasals | ||||||
| At 30Nouember | 2022 | 16,079 | 10,670 | 67,7S7 | 73p859 | 168,365 |
| NET BOOK VALUE | ||||||
| At 30November | 2022 | 120,148 | 32,010 | 52,290 | 21,288 | 225,736 |
| At 30November 2021 | 120,174 | 34,144 | 49,043 | 28,393 | 231,754 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| E | E | |||||||||
| 100 | ardinary | Class | A | shares | at | El | nominal | value |
| 15, | DEBTORS AND PREPAYMENTS | DEBTORS AND PREPAYMENTS | DEBTORS AND PREPAYMENTS | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | ||||||
| Trade debtors | 27 | 27 | ||||
| Amounts due from 'trading |
sub'sldlary | 20,826 | 54,344 | |||
| Other debtors | 169 | 169 | ||||
| 21,022 | ||||||
| 16. | CREDITORS: Amounts | falling due within | One year | |||
| 2022 | 2021 | |||||
| f | ||||||
| Trade creditors | 6,85ll | 576 | ||||
| Accruals and deferred | Income | 10,691 | 7,552 | |||
| Other creditors | 684 | 1,780 | ||||
| 18,233 | 9,908 | |||||
| 17. | CREDITORS: Amounts | due | after more than one year | |||
| 2022f | 2021 |
| 17. | CREDITORS: Amounts due after more than one year |
|---|---|
| COVID-19 Bounce Backloan |
| Balance at | Incoming | Outgoing | Balance at | ||
|---|---|---|---|---|---|
| 1Dec 2021 | resources | resources | Transfers | 30 Nov 2022 | |
| F. | f | f | f | f | |
| Tetbury Trail, used to | |||||
| fund costs relating to | |||||
| the regeneration ofthe |
|||||
| railway line |
17,829 | 17,829 | |||
| Piano fund, used for the | |||||
| purchaSe and | |||||
| maintenance ofthe |
|||||
| Bra nd piano | 5,341 | ||||
| Plane series fund, used | |||||
| to meet some ofthe | |||||
| costs relating to piano | |||||
| recitals | 3,682 | 3,682 | |||
| Donation towards costs | |||||
| relating to the | |||||
| installation and |
|||||
| maintenance ofThe |
|||||
| Signal Box | 1,258 | 1,258 | |||
| Canopy for the bar | 17,243 | 2,697 | t4,546 | ||
| 28,110 | 17,243 | 19,087 | 2,697 | 23,569 |
| Balance at | Incoming | Outgoing | Balance at | |||
|---|---|---|---|---|---|---|
| I Dec2021 f |
resources f |
resourcesf | Transfers f |
30 Nov 2022 f. |
||
| Fixed asset | ||||||
| designated | fund | 231,754 | (6,018) | 225,736 | ||
| Free reserves | 67,917 | 203,040 | 210,628 | 6,018 | 66.347 | |
| 299,671 | 203,040 | 210,628 | 292,083 |
| AS AT30 NOV | EMBER 2 | 022 | ||||
|---|---|---|---|---|---|---|
| Tangible | Net current | |||||
| fixed assets | Investments | assets | Tots I | |||
| 6 | f | f | ||||
| Restrioted funds | 23,569 | 23,569 | ||||
| Unrestricted | funds | |||||
| Fixed Asset designated | fund | 225,736 | 225,736 | |||
| Free reserves | 100 | 66,247 | 66,347 | |||
| 225,736 | 100 | 66,247 | 292,083 | |||
| Totalfunds | 225,736 | 89,816 | 315,652 |
| AS AT 30 NO | VEMBER 2021 | |||||
|---|---|---|---|---|---|---|
| Creditors due | ||||||
| Tangible | Net current | more than 1 | ||||
| fixed assets | Investments | assets | year | Total | ||
| f | E | f | E | f | ||
| Restricted funds | 28,110 | 28,110 | ||||
| Unrestdcted | funds | |||||
| Fixed Asset | ||||||
| designated | fund | 231,754 | 231,754 | 231,754 | ||
| Free reserves | 100 | 67,817 | 67,917 | |||
| 231,754 | 100 | 67,817 | 299,671 | 231,754 | ||
| Total funds | 231,754 | 95,927 | 327,781 | 231,754 |