|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|3|
|Independent
Examiner's
Report||||
|Statement of Financial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|12|
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|||for t|he Year Ended 30th Septemb|er 2022||
|---|---|---|---|---|---|
|||||2022|2021|
|||||Unrestricted|Total|
|INCONIE|AND ENDOWMENTS|FRONI|Notes|fundf|funds
5|
|Donations|snd legacies|||38,337|33,474|
|Charitable|activities|||||
|Worcester|Festival|||5,869|1,358|
|Investment|income|||1,201|1,203|
|Total||||45,207|36,035|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Worcester|Festival|||46,475|45,590|
|NET INCOME/(EXPENDITURE)||||(1,268)|(9,555)|
|RECONCILIATION
OF FUNDS||||||
|Total funds|brought
forward|||20,171|29,726|
|TOTAL FUNDS CARRIED FORWARD||||18,903|20,171|
##
||Balance Sheet
30th September 2022|||
|---|---|---|---|
|||2022|2021|
|||Unrestncted|Total|
|||furid|funds|
|FIXEDASSETS|Notes|5||
|Tangible assets|12|108|216|
|CURRENT ASSETS||||
|Debtors
Cash at bank|13|3,153
16,630|3,257
20,026|
|||19,783|23,263|
|CREDITORS||||
|Amounts
falling due within one year|14|(988)|(3,328)|
|NET CURRENT ASSETS||18,795|19,955|
|TOTAL ASSETSLESSCURRENT LIABILITIES||18,903|20,171|
|NET ASSETS||18,903|20,171|
|FUNDS|15|||
|Unrestricted
funds||18,903|20,171|
|TOTAL FUNDS||18,903|20 171|
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|DONATIONS
AND LEG|ACIES||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Donations
Gift aid|||||6
5,210|1,504|
|Grants|||||477|244|
||||||32,650|31,726|
||||||38,337|33,474|
|Grants received,
included|in the above, are|as|follows:||||
||||||2022|2021|
|Worcester City Council
Eric W Vincent Trust
Richard Cadbury
Trust
Foyle Foundation
Fitton Trust
Worcester City Council COVID-19Discretionary
Business Grant
Worcestershire
County Council Councillor's
Divisional
Fund
The Ratcliff Foundation|||||K
23,175
500
1,000
8,000
300
675|8
21,175
500
500
300
4,201
3,050|
|Other grants under E250|||||1,000|2,000|
||||||32,850|31,726|
|INVESTMENT INCOME|||||||
|Rents received|||||2022
E|2021f|
|Bank interest|||||1,200|1,200|
||||||1|3|
||||||1,201|1,203|
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|INCOME FROM CHARITABLE ACTIVITIES|||
|---|---|---|
||2022|2021|
||Worcester|Total|
||Festival|activities|
|Sponsorship
Advertising|4,250
1,419|1,358|
||5,869|1,358|
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||||Direct
Costs (see|Support
costs (see||
|---|---|---|---|---|---|
|Worcester Festival|||note 6)
39,345|note 7)
6
7,130|Totals
f
46,475|
|DIRECT COSTS OF CHARITABLE ACTIVITIES||||||
|||||2022|2021|
|Performance
fees and marketing
Brochure and launch costs
Marketing
expenses
Artistic director||expenses||8
r,eee
4,095
6,845|8
8,873
3,749
9,215|
|Depreciation
Professional fees||||10,000
108|10,000
378|
|Postage, printing
and stationary
Other event expenditure
Marketing
consultant||||506
1,096
1,809
8,997|522
1,005
5,247|
|||||Governance||
|||||39,345|38,987|
|SUPPORT COSTS||||||
||||Management|costs|Totals|
|Worcester Festival|||6,230|900|5
7,130|
|Support costs, included|in the above, are as follows:|||||
|||||2022|2021|
|||||Worcester|Total|
|||||Festival|activities|
|Rent||||8||
|Light, heat and water
Insurance||||3,250
419|3,000
622|
|Telephone||||1,327|596|
|Repairs and renewals
Independent
examination||||reg
465
900|879
806
900|
|||||7,130|6,603|
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||||Unrestricted|
|---|---|---|---|
|INCOME|AND ENDOWMENTS|FROM|fundf|
|Donations|and legacies||33,474|
|Charitable|activities|||
|Worcester|Festival|||
||||1,358|
|Investment|income|||
||||1,203|
|Total||||
||||36,035|
|EXPENDITURE ON||||
|Charitable|activities|||
|Worcester|Festival|||
||||45,590|
|NET INCOME/(EXPENDITURE)|||(9,555)|
|RECONCILIATION
OF FUNDS||||
|Total funds|brought
forward||29,726|
|TOTAL FUNDS CARRIED FORWARD|||20,171|
|12|.
TANGIBLE FIXEDA|S|SETS|||||
|---|---|---|---|---|---|---|---|
||||||||Computer|
||COST||||||equipment
f|
||At 1stOctober 2021 and|||||||
||30th September 2022||||||1,129|
||DEPRECIATION|||||||
||At 1stOctober 2021
Charge for year||||||913
108|
||At 30th September 2022||||||1,021|
||NET BOOK VALUE|||||||
||At 30th September 2022||||||108|
||At 30th September 2021||||||216|
|13.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||Trade debtors
VAT|||||2022
f
899|2021
f
377|
||Prepayments|||||479
1,775|1,714
1,166|
|||||||3,153|3,257|
|14.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||Trade creditors
Accrued expenses|||||2022
f
452
536|2021
f
3,328|
|||||||988|3,328|
|15.|MOVEMENT
IN FUNDS|||||||
|||||||Net||
||Unrestricted
funds||||At
1.10.21
f|movement
in funds
f|At
30.9.22|
||General fund||||20,171|(1,268)|18,903|
||TOTAL FUNDS||||20,171|(1,268)|18,903|
||Net movement
in funds,|included||in the above are as follows:||||
||||||Incoming|Resources|Movement|
||Unrestricted
funds||||resources
f|expended
f|in funds
f|
||General
fund||||45,207|(46,475)|(1,268)|
||TOTAL FUNDS||||45,207|(46,475)|(1,268)|
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||||||Net||
|---|---|---|---|---|---|---|
|||||At|movement|At|
|||||1.10.20|in funds|30.9.21|
|Unrestricted||funds|||6||
|General|fund|||29,726|(9,555)|20,171|
|TOTAL|FUNDS|||29,726|(9,555)|20,171|
|Comparative||net movement|in funds, included|in the above are as follows:|||
|||||Incoming|Resources|Movement|
|Unrestricted||funds||resources
6|expended|in funds|
|General|fund|||36,035|(45,590)|(9,555)|
|TOTAL|FUNDS|||36,035|(45,590)|(9,555)|
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