Company Registration Number - 04391281 Charity Registration Number- 1092720 The Burford Festival (A Company Limited by Guarantee) Report and Financial Statements 30 September 2024
The Burford Festival Company Registration Number- 04391281 Trustee Annual Report for the year ended 30 September 2024 The trustees are pleased to present their annual directorg report together with the financial ststements for the year ended 30 September 2024 which are also prepared to meet the requirements for. a director< report and accounts for Companies Act purposes. The flnandal ststements comply wlth the Charitles Act 2011. the Companies Act 2(M)6. the Memorandum and Articles of ASCIatIOn. and Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charltles preparlng their accounts In accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) leffectfve l January 2015). Reference and adminlstrative details The legal name of the charfty'ls: The Burford Festival The charlty is also known by its operatlng name. The Burford Festlval The ¢harftys areas operatlon and UK charftable reglstratlon. The charity is reglstered In England & Wales with the Charfty Commlsslon in England & Wales (CCEW) with charity number 1092720 Legal striicture oAthe charlty The charity is constituted as a company limited by guarantee. registered under the Companies Acts. The governlng document of the charfty Is the Memorandum and Articles of Associatlon establlshlng the company under company leglslatlon. There are no restrictions in the governing documents on the operation of the charity or on Its Investment powers other than those imposed by charlty law. By operatlon of law. all trustees are directors under the Companies Act 2006 and all directors are trustees under charitles leglslatlon and have responslbilities. as such. under both company and charity legislation. The trustees are all individuals.
The Burford Fe5tlval Company Registration Number - 04391281 Trustees. Annual Report for the year ended 30 September 2024 The principal Iyratin8 address. telep1 number. emall and YbaddresseS of the (harlty are: 126 Hi8h SL Burford, Oxon OX18 4QU. Tel 01993 823 483 Web: www.burfordfestlval.org Emall: trustees@burfordfestlval.org The registered offKe of the charlty for Companies Act purposes is: The Zlnc Buiklin& Ventura Parl Broadshlres Way. Carterton, Oxon. OX18 IAD. The triistees In offke on the date the report was approved were:. KWGray D J Knight G Kay (appointed 8 Aprfl 2024) J J White H Ashton The followln8 trustee also served during the perlod: D Surat8ar (reslgned 18 July 2024) All the trustee5 are also members of the charlty. Objects and actmtles of the charlty The pwposes of the charity as set out In Its govemthq documenL For the public benefit, the advancement of knowledge and of the understsnding of the arts In Burford by establishin8 and supporting festlvals in partlcular but not excluslvety of cutture, flne arts, muslc, drama, dance, Ilterature, sclence, herftage. horticulture and handicrafts For the public benefit, the promotion of good citizenship and civic responsibility in particular but not exclusively by the making of grants and the provision of support to youth groups. and youth centres, sporting events, educational activitles ar community entertainments in Burford and/or the surrounding dlstricts for the benefrt of their inhabitants For the public benefit. the advancement of knowledge and understanding of the hlstorlc heritage of Burford and the promotion of the conservation. preservation and improvement of the physical envlronment of Burford including in particular but not exclusively the makin8 of grants and provlsion of support to local.heritage, preservation and conservatlon organisations. The maln ortivftles undertaken In relotion to those purposes durlng the year. The charitys main actfvity is the organizing of a blennial festival. The festival was last held in June 2024.
Company Registration Number- 04391281 Trustee< Annual Report for the year ended 30 September 2024 The maln ocilvkn undertaken durfng the yeartofvrther the tharlty'spurposefvr the publk The festival is a biennial event. The festival was last held in June 2024. The trustees have had regard to the Charity Commission's guidance on public benefrt In managing the activities of the charlty. 6rort nwklnq pollcles and how these contn•uted to the achlevement oAthe ¢harlty'S olms and objecdves durlng the year. The charltys pollcy on maklng 8rants in furtheran of its objects Is as follows: Appllcations for fund5 are considered at trustees, meetings and distribution5 are all(Kated by trustee agreemenL This year grants were made for the advancement of education and for communlty entertalnment and engagement. the local environment and the preserwdtlon of the historic heritage of Burford. Further grants are being considered. The main achlevements and perforniance of the charlty durfng the year. The dlfftrence the chorfty perfvnnance durlng the yeor has made to the beneftlarles of the churfty. Through the applicatloTr of the charItS donations Its beneficiarles have been able to contrlbute slgnlficantly to the objects of the charlty. 7he degree to wlth the a¢hlevemerts and perfomionce durlng the year have beneffted The cultural and heritage activitles supported by the charity have served to educate. Inform and entertaln the wlder public. including the residents of Burford and district generally, those of the wider reglon, and the rnany vlsitors to the town.
The Burford FestSval Company Registration Number- 04391281 Trustees, Annual Report for the year ended 30 September Z024 Structure• governance and management of the charlty The methods used to recrult and appolnt new chority tntst New charity trustees are recruited by selertlon. generally from volunteers who have served on the festival working committee. After a meeting with the applicant and at least two of the serving trustees appointments are confirmed by the board of trustees. Flnancial Tevlew The arfI5flnandaI posttlon at the end of the year ended 30September2024 The financial positlon of the charity at 30 September 2024 and comparatives for the prlor period. as more fully detailed in the accounts can be summarlsed as follows: 2024 Net (defidt)fincome Unrestricted Revenue Funds available 16.787 111.440) for the general purposes of the charity 51,474 34.687 Totsl Funds 51,474 34.687 Financial revlew of the posltlon (rt the reportlry dote, 30 September 2024 The trustees consider the financial perfomiance by the tharity during the year to have been satisfactory. Polldes on reserve& The charivs reserves polScy Is to carry forward sufficlent funds that the next blennial festival can be planned wlth reasonable flnandal certalnty. Avai1abillty and adequacy ofossets of each of thefvnds The board of trustees is satisfied that the charity's as*ts are available and adequate to fulfll its obligation
The Burford Festival Company Registfation Number - 04391281 Trustees. Annual Report for the year ended 30 September 2024 Detsils of the Independent Examiner Andrew Churchill Stone FCA DChA Member of Instltute of Chartered Accountants. VJH Accountancy Ltd The Tinc Buildin& Ventura Park 8roadshlre5 Way Carterton Oxon OX18 IAD Statement of the Dlrectors'/Trustees' Responslbllltle5 The charity trustees (who are also the directors for the purposes of company law) are responsible for preparing a trusteeg annual report and ftnancial statements In accordance wrth applicable law and Unlted Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practlce.) In partlcular. the Companles Att 2006 and charlty law requlre the board of tnjstees to prepare flnanclal statements for each flnancial year which gfve a true and falr view of the state of affairs of the charfty as at the end of the financial year and of the surplus or defKIt of the charity. In preparlng those financlal statements the board Is requlred to: to prepare the accounts In accordance with Un5ted Klngdom Generally Accepted Accounting Practice (Unlted Kingdom Accounting Standards and appllcable law): select suitable accounting policles and apply them nSIstentIv. make judgements and estimates that are reasonable and prudent- prepare the financlal statements on the goln8 concern basis unless it is Inappropriate to presume that the tharity will continue In business: state whether applicable accounting Standards and statements of recommended practi have been followed, subject to any material departures disclosed and explained in the financial statsments:
Company Re8tstrakn Number. 0439J281 Trustees. Annual Report forthe year ended Xl September 2024 The law requlres that the tnths must not approve the accounts unless they are 5attsfied that tty glve a true and falr vlew of the state of affatrs of the drlty and of the surplus or defKlt of the thaTStyforthe year. Thetrustees are also reSpIble for malntsinlng adequate accountin8 records whith dtsdose wlth reasonable accurary at any tin the fin1 posltkn of the dwrity and whlth are sufficient to show and explain the tharftvs transactions and enable them to ensure that the finandal statements comply wlth the Companies kt 21x16 and comply wlth regula made under the Charfties ACL They are also respMslble for safeguardlngthe assets of the charky arKI hen for tskln8 reasonable steps for the preventkn and detertlon of fraud and other IrTegularltle& The trustees are also responsible for the contents of the tntstees, report, and the siatutory responslblllty of the Independent Examlner In relatlon to ts trustee< report is Ilmrted to examining the report and ensurlng thaL on the face of the reporL there a no material Inc(sistenCIeS with the tlgures dlsdosed In the fInCIal ststsments. The tlnandal statermfts are set out on pages 9 to 16. The finandal statements have been prepared implementing the FRS 102 SORP (SLitement of Recommended Practice for Accountln8 and Reportin8 by Charitles) 2015, (as amended by the Bullet5n Issued in Febrtry 2016). (The SORP). and in ac0Xdan with.the Finandal ReportiNd Standard 101 (effectlve 1st January 2016) These financial statements have been prepared In accordano wlth the PlS1onS On Part 15 of the Companies Act 2CK)6 applicab to companle5 subject to the small Compan regime. Thi5 rep(rt was aPpr(d byV* l)oard of trustees on 2 Derntser 2024. Deborah Knight DireLtor and Tn15tee
The Burford Festival Report of the Independent Examlner to the Trustees of the charltable company on the accounts tor the year ended 30 September 2024 I report to the trustees on my examination of the financial statements of the charitable company on pages 9-16 for the year ended 30 September 2024 which have been prepared in accordance with the Charities Art 2011 (the Act) and with the Financlal Reporting Standard 102, (effecttve 1st January 2016) as modifled by FRS 102 SORP (Statement of Recommended Practice for Accountin8 and Reporting by Charities) 2015. (as amended by the Bulletin issued in February 2016). (The SORP). published by the Charlty Cornmission in England & Wales (CCEW) . and under the historical cost convention and the accountin8 policies set out on page IL Respectlve responslbllltles of the TNstees and the Independent Examlner The trustees. who are also the directors of the company for the purposes of company law. are responslble for the preparation of the financial statements. The charlS trustees consider that an audit is not required for thls year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:_ a) examine the financlal statsments of the charity under Section 145 of the Act: b) follow the procedures laid down in the General Dlrectlons given by the Charlty Commlsslon under section 145(5)(b) of the Charftles Act; and c) state whether any matter5 have come to my attention. Basls of Independent Examiner's Statement My examination was carried out in accordance with the General Directions glven by the Charity Commission. An examination Includes a review of the accounting records kept by the charitable company and of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial ststements. and seeklng explanations from the Trustees. concerning any such matters. The procedures undertaken do not provide all the evldence that would be requlred in an audit. and consequently no oplnlon Is given as to whether the financial statements present a "true and frdirf and the report is limited to those matters set out in the statement bek>w.
The Burford Fesuwal Independent Examlner's Statement In connection wlth my examlnation, no matter has come to my attention, to Indicate that: accounting records were not kept In accordance wlth Sectlon 386 of the Companies Act 2006: the financial statements do not accord with such cOrds. where financial statements are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 26 or are not conslstent with the Charites SORP (FRS 102). any matter whlch I believe should be drawn to the attentlon of the reader to galn a proper understanding of the flnanclal statements. A Churchill Stone FCA DChA Chartered Accountant The Zlnc Bullding Ventura Park Broadshlres Way Carterton Oxfordshire OX18 IAD Thls report was signed on _..
The Burford Festlval Statement of Financlal Actfvities for the year ended 30 September 2024 Currentyear Ye•r Prlory Towl Fundj 2023 Year Total Fd5 Funds 24 Funds Donatlons & Le8ades Glft Ald Charltsble Income Interest Recelved 4.390 870 39.609 528 4.390 870 39,609 528 45397 , 1.745 429 229 Total Income 45397 ExpernNtsre ¢Jrd: Charltable Actlvltles 28.611 28,611 28,611 15,843 28,611 15W3 Totsl Expendlture Net (deficlt)Ilncome for the year 16.787 16.787 (iiw) Net Ideflcltlllncorne aftertransartlons Net wrfmment tn funds 16.787 16,787 16.787 (IiA40) 16.787 Ilw) Reconclllation (rf funds: Totsl funds brought foThYard Total fund5 carrfed forw¥d 34,687 51A74 46.126 51N74 A separate Statement of Total Recognlsed Gains and Losses is not requlfed as thls statement includes all recognised galns and losses. All the prior year transactions were unrestrkted items, and no further analysis is required. All artivities derive from continuing operations. The notes attathed forni an integral part of these accoun1&
Cash at bank and In h•nd 51h74 5W4 5L474 5L474 Tolal SIA74 The directors are satlsfied that the company is entltled to exemptkni from the rewtremert to obtaln an audlt under section 477 of the COMpe5 Act 21. The membets have not Ared the uKnpany to obtain an audit #i accordan wlth section 476oftheAct. The directlxs acknrywe thelr re5ponslbility for conWn8 with the requirements of the Compan$ Act 21x16 wlth rewt to accountlng records the preparatlon of accounts. The finantfal statements have bÈen prepared In accordan wlth the provlskwts in Part 15 of the Companies Art 2(X16 appllcable to Compan subprt to the Small Ctynpae< rewme. Appr1 bythe board of trustees on _...... . 10
The notes attathed on p•8es 11 to 16 forni an thte8ral of these ¥¢¢ounl The Burftyd Festival Notes to the Accounts for the year ended 30 September 2024 L Acco11 polldes Polkles relating to the produrtlon of the occount& The financlal statements of the thwltable company, whlch Is a publk benefft entlty wider FRS 102, have been prepared In accordan wlth the Charitles SOIIP (FRS IOZ) 'Accountlng and Reportln8 by Charltles: Statement of Recomrnended Prartke appllcable to tharitie5 preparfngthelr accounts In accordance with the Flnanclal Reportlngstsndard applkable in the UK and Republlc of Irdand (FRS 102) leffertlve ljanuary 2019)., Financlal Reptyting Stsndard 102 The Flnanclal Reporting Standard applkable in the UK and Republlc of Ireland. and the Companies Act 21JA. The financlal statements have been prepared under the hlstorlcal cost conventlon. There are no mexuremert or estlmatlon technlques, or assessments of rfsl that are applicable to the tharft¢s accounts. There are no jWeM made in the process of applylng the entlty's accounting pollw that have any snlknt effect on the amounts reco8nlsed In the accounts: There are M assumptlons concerning the future or any other key sources of e5tlmation uncertalnty at the reportlng date that have a sl8nlfkant rlsk of causlng a materlal ljUStment to the carrylng amounts of assets and118billtles wlthln the next reportlng perlod. Donated goods that are not flxed a55ets aTe accounted for * a falr value. unless Ir Is Impractlcal to reabty measure the value olthe donated Y(ems. In the absence of any direct evldence of fair value of donated goods. then a value Is derlved from the c05t of the Item to the donor or. In the case of goods that a expected to be sold. the estlmated resale valueafter dethjctlng any antklpated costs of sales. ff It is Impracucable to measure the fair value of goods donated for resale. or the costs of valuat outwelgh the benefits. the donated goods are recognised as Income when sold, with an equivalent amount being recob15ed as an expen The costs of good5 donated for distrfbutlon to beneffciaries is deemed to be the falr Value of those Boods upon recelpL When the 8oods 4re d15tdbuted freely or for a nominal consideration. then the cafrylnE amount is adjusted at the tlme of sale. tothe value at the point of distrlbutlon and t adjustmuft Is shown as a c05t of donations made. 11
Notes to the Accounts for the year ended 30 September 2024 Recoenltlon of Ikbllltle5 and expendlture A liability, and the related expendlture. ts recogn15ed when a legal or constructlve obfwknn exists as a result of a past evenL and when it Is more likely than not that a transfer of economic beneffts wlll be requlred In settlemenL and when the arnourt ot the obllgatlon can be measured or rellabty estlmatr Liabilitie5 arislng from future.fundin8 commltments and con$tl¥e obli8atlon4 indud performance related grants. where the timin8 or the amourt of the future expendrture required to settle the obllgatlon is uncertaln. give r¥se to a provlslon In thÈ accounts. which is revlewed at the accountlng year end. The provision Is increased to refiert any Increases In Ilabllitles and Is decreased by the utlllsatlon of any provislon wlthin the perlod and reveed K any provlslon Is no Irmger requlred. These movements are char8ed or tredlted to the respectlve fimds and activities to which the provlslon relates. V0eelS In accordance with the SORP. and in reco8nltlon of the dtfficultles In plxlng a monetary value on the contrtbution from ¥olunteers the contribution of volunteers 15 not Included wlthln the Income of the charity. However. the tntstees value the gnIficant contrfbutk)n made to the acthiltles of the dwlty by unpald volunteers and this Is descrfbed more fulty In Note6. Tanwl)le fixed assets Tang1 le fixed assets are measured atthelr orl8lnal cost value. or sutsequent revaluatlon. or If donated. as de5crlbed above. Costvalue Includes all costs expended in bringin8 the asset into tts Irtered rking conditlon. Assets costlng less than £100 wlll not normallv be capltsllsed. Depreclatlon has been provlded at the followlng res In order to write off the assets to thefjr antlclpated resldual value over estlmated useful Ilve Over 2 or 3 festNals based upon the estimed Useful fe Debtors are measured attheir recoverable amounts at the balarKe sheet date. Credrtots and provislon5 are stated atthe amount th* is expected to be pald after the balance sheet date. 12
The Burford Festlval Note5to the Accounts forthe ended 30 s*mber 2024 Fknancial lnslrmThts Induthg Cash and Bwk Balances Bank balwKe% whether In credlt or overdrawn. are shown at the amounts properfy recorKiled to the Unrestrlcted funds are avallable for use at the d15cretlon of the trustees In furtherance of the 8enernl objertlves ofthe chwlty. Thwe are no deg8nated or restrlcted funds. 2. UabllltytoTaxatlon The Trustees conslder that the chaflty satlsfie5 the tests set out lft Paragraph I Schedule 6 of the Finance Att 2010 for UK COTPOrntion tax purposes. Accordlngly. the Ch¥rlty ts potentlalty exempt from taxatlon In Te5pert of IrKome or capltsl Balns recelved wlthln categorle5 covered by chapter 3 part 11 of the Corporatlon Tax Act 2010 or Sertlon 256 of the Taxatlon of Choryeable Gains Act 1992. to the extent that such Int(wne or 8aln5 are appled exclusively on the specifK charltable objects of the charlty and for no other purpose. Value Added Tax Is not recoverable by the charfty. and Is therefore Iluded In the relevant Costs In the Statement of Flnanclal Activitle5. 3. Stat The charlty is constltuted as a company Ilmlted by guarartee. Every member of the charity 15 obliged to contrlbute such amount as may be requlred not exceedlng £1 to the assets of the company In the event of Its belng wound up while he or she is a member., or wlthln one year after he or she ceases to be a member. ff upon wlndln8 up or dlssolution of the charlty there remaln a55ety afterthe satisfactlon of all debts and liabilities. the a55ets represented by the accumulated fund sham be transferred to some other tharStable body or bodles having similar obiects to the tharity. The charlty depends on the support of Its volunteers which Is much appreciated. The charity has no empknyee5. No teeS or person5 conned with them received any reMeratiOn from the charlty. or any related 13
The Burford Festival Note5 to the Accounts for the year ended 30 September 2024 6. Detaled AnalWs of Inrorne and Expenthre forthe year ended 30 September 2024 as vequlred by the SORP 2015 This analysis Is classified by conventtonal Mbminal descrlptlons and not by attlvty. Year Ye•r Year Funds Fund5 Funds 2024 2024 Donthns and 61ftsfrom 1ndb¥Ma Small Oonatlons Indlvidually less than £11 4.390 4,390 L745 Totsl l)onations and Gifts from Indlviduals 4390 4J90 L745 Sponsoyshlp Small Sponsorshlp Glfts Indlvjdually less than £I(MM) Small Gifts Individually less than £lOOO Total Donated Goods Total Donatlons and Le8ades 4390 4390 745 14
The 8urford Fe5tfval Notes to the Accounts for the year ended 30 Septsmber 2024 Prlor Currentyear Current Year Totsl Funds Y*r Restrlct¢d Funds 2024 Funds Funds 2024 Sponsorshlp 13.270 13270 Tlcket Sales 26,339 26,339 other Income Total Prknary Puvpgx and Andll•ry Tra 39,609 39.609 Currentyear Unrestrkted Fund5 Year Ye•rTotsl Total Funds Funds tharltsbleTradln Cost of Runnln8 Festlval Events I633 L318 Purchase of Equlpment In5uTance of Festival Events 179 179 I712 17012 £3 Grants Made See Note 8 1,473 IA73 11565 Computer & Consumables 83 2.411 Adverttsing and Marketsn8 6,1 6901 Trustee Insurance 225 157 Miscellaneous Expertses 2918 2.918 393 IOJ26 2J61 Totsl Expenditure 15
The Burford Festlval Note5 to the Accounts for the year ended 30 September 2024 Year Restrlcted Total Fwids Funds F¥nds 2024 Year Funds 2024 BEAGles Eco4ay Ivia Global Tn 335 Burford Arthive Burford Bowls aub Burford Cofc Community Kreworks Burford Ubrary Burford ToT*n Council 1,473 L473 Burford TC Playground Burlord PC. Stained Glass Appeal Flrefl8hteTS tharlty Frlends Meeting House Lenthall COnCts Prfmary School Playground The Brld8e local Magazlne Totsey Mu5eurn 5(Y) 73 iU65 Grants are made within the area of benefrt and charltable purposes. Cwrent Year Current Cuvrent Year Year Restrlrted Totsl Funds Funds Fund5 Current Assets 51,474 51,474 34.687 16