## 



|INDEX TOTHE FINANCIAL STATEMENTS|PAGE|
|---|---|
|REFERENCE AND ADMINISTRATIVE<br>DETAILS||
|TRUSTEES' ANNUAL<br>REPORT||
|STRIJCTURE, GOVERNANCE<br>AND MANAGEMENT|4|
|AIMS, OBJECTIVES AND ACTIVITIES|4|
|PUBLIC BENEFITSTATEMENT|6|
|ACHIEVEMENTS<br>AND PERFORMANCES|7|
|FINANCIAL REVIEW|8|
|TRUSTEES' RESPONSIBILITY STATEMENT|10|
|REPORT OF THE INDEPENDENT<br>EXAMINER||
|STATEMENT OF FINANCIAL ACTIVITIES|13|
|BALANCE SHEET||
|NOTES TO THE FINANCIAL STATEMENTS||





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|for free reserves||||||
|---|---|---|---|---|---|
|||||Lower level|Upperlevel|
|||||E|f|
|Reserve to meet ongoing|obligations|relatmg to|staff,|||
|lease commitments,<br>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<br>ofliwng concerns||||20,000|20,000|
||||||80,000|





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|||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|2021|
|||Notes||f|E|E|E|
|INCOME||||||||
|Donations,<br>sponsorship<br>&|subscrlptions||2|42,910|17,243|60,153|51,337|
|Grants. receivable|||3|14,000||14,000|33,154|
|income jram charitable<br>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<br>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<br>on chan'table|activities'I|||||||
|Tetbury<br>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<br>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<br>IN FUNDS||||(7,588)|(4,541)|(12,129)|('10,809)|
|RECONCILIATIOhl<br>OF FUNDS||||||||
|Tatal funds brought<br>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<br>f|
|---|---|---|---|---|---|
|FIXEDASSETS||||||
|Tangible assets|||13|225,736|231,754|
|investment<br>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<br>funds|||2830|23,569|28,110|
|Unrestricted<br>funds|||19,20|292,083|299,671|
|TOTAL FUliIDS||||315,652|327,781|





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|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Fundsf|Funds<br>f|2022<br>E|2021<br>E|
|Donations||||||
|Restrfcted||||||
|Tetbury<br>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<br>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|





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||||||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|



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||Unrestr)cted|Tote)Funds|Total Funds|
|---|---|---|---|
||Funds<br>E|2022f|2021<br>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<br>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<br>f|2022<br>f|2021f|
|Raffle ticket sales|||9'19|
|Insurance<br>dalm|||1,495|
|Iviiscellaneous|137|137|11|
|Advertising|||100|
|Bank interest||10|4|
||147|147|2,529|





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|2022||||||
|---|---|---|---|---|---|
||Direct|Wages and||Allocated|Total|
||Casts|Salaries<br>f|Depreciation<br>f|Overheads<br>f|2022<br>f|
|Cboritable<br>Activities||||||
|Tetbury<br>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<br>Cafe and bar costs|12,050|22,942|3,553|8,954|47,499|
|Fadllties<br>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<br>f|Salanes<br>f|Depreciation|Overheads<br>f|2021<br>E|
|Charitable<br>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|





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|2022||||||
|---|---|---|---|---|---|
|||Wages and|||Total|
||Income<br>E|Salaries<br>f|Depreciation<br>f|Overheads<br>f|2022<br>E|
|Cbaritabls<br>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<br>E|Salaries<br>f|Depreciation|Overheads<br>f|2021<br>E|
|Charitable<br>Activities||||||
|Tetbury<br>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 <br>Social|and salaries<br> security costs|58,792<br>1,527|38,150<br>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|





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## 

|12.<br>PREVIOUS YEAR FUN|D ACCOUNTING<br>CO|MPARATIVES|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||f|E|f|
|INCOME|||||
|Donations,<br>sponsorship<br>8|subscriptians|16,799|34,538|51,337|
|Grants receivable||25,154|8,000.|33,154|
|lncorne from charitable<br>activities:|||||
|Events income -music|and arts|24,503||24,503|
|Event income —cinemA||4,917||4,917|
|Income from other trading|activities:||||
|Cafe andbar<br>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<br>on chan table|activi ties:||||
|Tetbury Trail|||49,684|48,684|
|The Signal<br>Box|||742|742|
|Grancf piano|||||
|Events costs —music and arts||75,978||75,978|
|Evehts costs —dnerna||16,198||16,198|
|Expenditure<br>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<br>OF FUNDS|||||
|Tatal funds brought<br>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<br>E|fittings<br>f|Carriage<br>f|Total<br>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|



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||||||||||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<br>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<br>due after more than one year|
|---|---|
||COVID-19 Bounce Backloan|





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||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<br>ofthe||||||
|railway<br>line|17,829||17,829|||
|Piano fund, used for the||||||
|purchaSe and||||||
|maintenance<br>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<br>and||||||
|maintenance<br>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|





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|||Balance at|Incoming|Outgoing||Balance at|
|---|---|---|---|---|---|---|
|||I Dec2021<br>f|resources<br>f|resourcesf|Transfers<br>f|30 Nov 2022<br>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|



## 

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|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|





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## 

|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|



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