REGISTERED COMPANY NUMBER: 04512227 (England and Wales)
REGISTERED CHARITY NUMBER." 1095553
Report of the Trustee8 and
Financial Statements for the Year Ended 30th Septsmber 2024
Worcester Festlval Ltd
The Richards Sandy Pathership
Thorne1￿ House
25 Barboume Road
WOr￿ster
w0￿stershIre
VVR11RU

Worcester Festlval Ltd
Contents of the Flnanclal Statements
for the Year Ended 30th September 2024
Page
Reference and Administratlve Detsils
Report of the Trusteos
Indepondont Examlnerfs Rèport
ststement of Flnanclal Activitiès
Balance Sheot
Notss to the Financlal Ststements
7 to 13
Dota110d Ststement of Flnanclal Activiti0S
14

Worcoster Festlval Ltd
Reference and Administrativo Detalls
for the Year Ended 30th September 2024
TRUSTEES
Mr C Jaeger
Professor J C Elkin
Reverend P G Atkinson (resigned 13.11.23)
Mr M L Bayliss
Mr G C Salter
Mr D Morgan
Reverend S M Edwards (appointed 22.7.24)
Ms M Allcott (appointed 22.7.241
REGISTERED OFFICE
Queen Elizabeth House
The Trinity
Worcester
Wor￿tershI[e
WR12PN
REGISTERED COMPANY NUMBER 04512227 (England and Wales)
REGISTERED CHARITY NUMBER
1095553
INDEPENDENT EXAMINER
The Richards Sandy Parthership
Thomeloe House
25 BarbDume Road
w0￿ster
Worr£stershire
WR1 1RU
Page 1

Worcester Festival Ltd
Report of the Trustees
for the Year Ended 30th September 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial slatements of the charity for the year ended 30th September 2024. The trustees have adopted the
provisions of Accounts"ng and Reporbng by Charities: Statement of Recommended Practi￿ applicable to charrties
prep3ring their acLounts in accordance with the Financial Rewrting Standard applicable in th8 UK and Republic of
Ire12tKI IFRS 102) (effective 1 January 2019).
0￿ECTIVEs AND ACTIVITIES
Objectives and alms
The Chariws objects are ￿StriCted spectfically. in each case only tor the public benefit to promote. organise, adminisler
and carry on artistic. cultural, musical. agricultural. horticultural, historical, educational and sporting everrt5, Within the
area of Worcester City and the surrounding 'lNR" postcode a￿as, which will together form the Worcester Festival. wilh
a view to advancing the educatson of and provtding benefft to the general public.
Signlficant aetivlllos
The mission statement of the Festival is, 'Ihe wor￿ster Festival is for the people of Worcester, Worcestershire and the
Surrounds. It is a series of partnerships btheen large cross-secb'ons of the community, an umbrella for a huge range of
activities, many of them free. It is a coming together of peoplé of all ages. creeds and race. It is an opportunity to stag8
an event, or to attend a large selection of both professional and communty events. It 1$ a celébratson of life and of
wor￿ster. Worcestershire and its people."
Publ1¢ benefrt
The trustees confimi that th@y have complied with the duty in section 17{51 of the 2011 Charibes Ad to have due regard
to the guidants contained in the Charity Commission's general guidan￿ on public tr￿nefft whèn ￿VIewIng the charity's
aims and objectives and in planning future activiiies.
The prinupal 0￿"eCt of the charity for the public benefit is that of cultural education and opportunities, its principal acti
being the organisation of 8 festival known as the WOr￿Ster Festival.
The aim of thè charity is to continue to organise the annual festival in Wor￿ster.
Volunteers
The Festival is managed by the bustees. a professional part-time Administrator. a prof￿1onal part-time Matkeler, a
Planning Committee (approx. 15 ￿Ople on a voluntary basis) assisted by approximately 20 volunteers.
ACHIEVEMENT AND PERFORMANCE
In accordance with the objects ol the charity, a festival was held in w0￿$ter and the surrounds from the 1018r24
2618r24.
In summary. there were 852 events, 78% of whid) were free at point of contac( we work8d with more than 80 partner
organisations, and events were staged in more than 85 venues.
FINANCIAL REVIEW
Financial posltlon
Total incoming resourcEs amountsd to £55,758 {2023.' £40,082) and resources expended We￿ £51.798 {2023'.
£53,310). Net incoming resour￿ amounted to £3,96012023'. net outgoing ￿sourceS £13.228).
Page 2

Worcester Festival Ltd IRogl8tered number. 04512227)
Report of the Trustees
for the Year Endod 30th september 2024
FINANCIAL REVIEW
Reserve8 poIIcy
The trustees believe il pnjdent that, in order to provKle reliable seNices over the longer tsmi, they hold reserves to
absorb setbacks and to take advantage of change and opportunty. Reserrfes are required in order..
a) to meet the running ccsts of the charity for a reasfflable period of tirr* 8hould any of its usual sources of
iicome fall short of expedations or cease entirely.
b) lo ab￿rb any shortfall in income resulting from a dedne in support from the publlc.
c) to explore new opportunitiés for ino)me generatlon whth might require initral capttal invesknent.
The tNstees conslder the charrty's obj8Ctive Should be to aceumulate reseTve¥ equsvalent to at least one ye*# costs In
resp8c* of the support management and 8dminiBtration of the tharity.
For the year end￿1 30 Septsmber 2024 8 surplu8 has atsen in the ac(x)unts amounting to £3,980 (2023.. deffi￿1
£13,228), thus in(xe8sing over811 unrestrithd funds to £9,635 (2023 - 5,675), Thls covers th months of 8yndftu
ba8ed on 2024 figures. whith 1$ below the deslred r8serves poiiGy level.
The finanaal statements have been prepared on a g)Ing con¢em basis. The trustees have consldered the relevant
information. Induding the annual budgel, future cash Ilow forecasts and the impact of Subsequent events In maklng this
The trustees conllnug to work tOW8rds increaslng the reserves of the Charity In a¢03rdan￿ with the poliGy.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Goveming document
The chaiity is controlled by its govemlng document. the Memoranthm and Articles of Association. and oJnstttutes a
Itmiied company. lifflited by guarante&, as defined by thè Companies Act 2008.
The chanty's goveming document indudes provision of qualifying third party indemnity to the trustees of the charlty.
Recrultment and appoinbnent of new tru8tse$
The trustees are appointed by thè Irustees in annual general Jne8ting w at ary other timè deemed necessary.
Day to day m4nagomont
Day to day management 1$ delegated to Mr C Jaeger.
Thls rep)rt has been prepared in a<wrdan¢e with th6 speoal provlslons of Part 13 of the Companies Acl 2l￿ relatlng
to smali compankn.
Approved ty crfd8r￿the board oftrustees on ............................................. and slgned on its behalfty:
Mr C Jaeg
Page 3

Independent Examinerfs Report to the Trustsos of
Worcester Fostlval Ltd
Independent oxaminerfs report to the trustses of Woreesler Fosllval Ltd {'the Company,)
I report to Ihe ¢harity trustees on my examination of the ac(￿unts of the Company for the year ended
30th September 2024.
Responslbilities and basls of report
As the charty's trustees of the Company {and also its directors for the purposes of Company law) you are responsible for
the preparation of the accounts in accordance wth the requirements of the Companies Act 20061'th8 2006 ACV).
Having satisfied myself that the accnunts of the Company are not required to ￿ audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respecl of my examination of your charivs accounts as carried
out under Seclion 145 of thé Charitses Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the
Dir8Ctions given by the Charity Commission under Section 145{5} (b) of thè 2011 Act.
Independent examinerfs Statement
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect ofthe Company as required by Section 386 ofthe 20C6 Actr, or
the accounts do not accord with those records,. or
the anxounts do not eA)mpty with the accounting requirements of Section 396 of the 2006 Act olher than any
requirèment that Ihe accounts give a true and fair view which is not a matter consid8red as part of an
independent examination,. or
the accounts have not been prepared in accordance wth the methtsjs and principles of the Ststement of
Recommended Practi￿ for accounting and reporting by charities (applicablé to charities preparing their
accounts in accordancé with the Financial Reporting Standard applicable in the UK and Republi¢ of Irèland (FRS
102)}.
I have no concems and have come across no olher matters in connection with Ihe examinalion to which attention should
be drawn in this report in order to enable a proper understanding of the awunts to b@ reached.
Melissa Gothvin ACA ACCA
The Richards Sandy Partnership
Thorneloe Hous8
25 Barbourne Road
Wor¢esler
Worcestershire
WR11RU
Date:...Z.%.-.Q.l.- 4................
Page 4

Worcester Festival Ltd
Statsment of Flnanclal Activitie8
(Incorporatlng an Income and Expendlture Account)
for the Year Endgd 30th Soptsmbor 2024
2024
Unrnslrlcted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,626
5,758
Charitable activities
Worcester Festival
Tithet sales
39,856
75
31,002
2.121
Investrnent income
1,201
1,201
Totsl
55,758
40,082
EXPENDITURE ON
Charltsbl• a¢tlvltlo8
Worcester Festival
Ticket sales
51.798
51,231
2,079
Total
61,798
53.310
NET INCOMEI(EXPENDITURE)
3,960
{13,228)
RECONCILIATION OF FUNDS
Total fijnds brought forward
5,675
18,903
TOTAL FUNDS CARRIED FORWARD
9,635
5,675
The nt)tes fonn part ofthese financial statements
Page 5

Worcester Festlval Ltd (Regi8t¢rod number: 0461222n
Balance Sheet
30th Septsmber 2024
2024
Unrestrict
fund
2023
Total
funds
Notes
CURRENT ASSETS
Debtor8
Cash at bank
15
1.675
3,4W2
4,635
10.518
8.127
CREDITORS
Amounts falling due within one year
(883)
12,452)
NET CURRENT ASSETS
9,635
5,87S
TOTAL ASSETS LESS CURRENT LIABIUTIES
9,635
5.675
NET ASSEf8
9,835
5,675
FUNDS
Unrestricted ￿ndS
17
9,635
5,675
TQTAL FUNDS
9.635
5,675
The charitable ￿rnpanY 18 entilled to exenwlion from audlt under S&rtion 477 of the Companies Act 2008 for the year
er￿ed 30th September 2￿24.
The members have not requiTrd the company to obtsln an audlt of its finaft￿81 8tatement$ for the ye8r ended
30th September 2024 in a(tordance with Secll¢Jn 476 ofthe Companles Act 2006.
The trustees 8¢knowledge thair responsibilities for
(a)
ensuring that the charitsble wmpany keeps ac¢ounting records Ihat ￿mplY wth Sectlon$ 388 and 387 of the
Companies Act 2006 and
preparing finanLi81 statemen18 whith gNe a true and fair view of the state of affairs of th8 charitsble company as
at the end of eath financial year and of Its sury￿u$ or dofft31 for èach finaneial year in accordance with the
requirements of Se￿lon9 394 and 395 and which Other￿Se ¢omF4y wlth the requirements of Ihe Comp8fties Act
20CO relating to financlal $tstements, $0 far as applleAbl8 to the tharitable company.
fin8ndal 8tat8menl8 have been prepated in al?￿3nte wtth the wovlstcns applicable to Charitab￿ componies
subject to the 8mall o)mp8nies regime.
(b)
The finarK4al statements were approved by the Board of Trustees and authortsed for Issue
. and were signed on ts b8haW by:
The note¥ fom part of the8e financa81 statements
Page 8

Worcester Festival Ltd
Notes to the Financlal Ststements
for the Year Ended 31)th Septsmber 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The finan081 statements of the charitable company, which is a public knefit entity under FRS 102, have been
prepared in accordan￿ with the Charitres SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement
of Recommended Practi￿ applicable to charities preparing theii accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffective 1 January 2019}'.
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The ffinancial statements have been prepared under the historical cost
convention.
WorcEster Festival Limited is a charilable company ￿gIStered in EnglaT￿ and Wales. In the event of the tharity
being wound up, the liabilty in respect of the guarantee is limited to £1 per member of the charity. The address
of ihe registered office is given in the chanty infoTmation on page 1 of these financial statements. The nalure of
the charity's operations and principal actiwties are the organisation of a festival known as the Worcester Festival.
The financial slalements are prepared on a going con￿rn basis under the historical cost convention, modified to
include certain items at fair value. The financial ststements are presented in sledino which is the fvnctional
currency ofthe charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements ar8 set out iel¢)W.
These policies have been consistently applied to all years presented unless othetwise stated.
INCOME
All income is recognis8d in the Statement of Financial Activit16s Onl￿ the charity has enlf(lement to the funds, it
is probable that the income will be received aTrJ the amount can be measured reliably.
Income from grants (including government grants) and donations is recognised in the period in whith th8 charity
is entitled lo rec8iPt and the amount can be measured with reasonabl? certainty. Income from grants is only
deferrèd when the charity ha5 to fulfil ￿nditionS not yet met before becoming entitled to it or where the donor
has specified that the income is to be expended in a future period.
Income from the supply of services, such as sponsorship and lickel income, is recognised upon delivery of the
servi(*, it is probab18 that the income will be received and Ihe amount can be measured reliably.
Rental income is recognised in line with th8 periods to which such income relates, UP to the extent thal is is
probable that such income is re￿verable. Where recoverability of rental income is in doubt, such income is
instead recognised on a cash basis.
Interest inccthe is recognised for all interest-bearing instruments on the effective interest method.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or Constructive obligation committing the
charity to that expenditLJre, it is probable thai a transfer of economic benefits will be required in setuement and
the amount of the obligation can be measU￿d reliabty- Expenditure is accounted for on an accruals basis and
has been classified under headings Ihat 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.
Grants offered subject to condttions which have not teen met at the year end date are noted as a commitment
but not accrued as expenditure.
TANGIBLE FIXED ASSETS
Depreaation is provided al the following annual rates in otder to write off each asset over its estimated useful
Computer equipment
33% on cosl
TAXATION
The charity is exempt from corporalion tax on its chaiitable activities.
FUND ACCOUNTING
Unrestricted fijnds can be used in accordan￿ with the Gharitabie objedives at the discretion of thè trustees.
LEASING COMMITMENTS
Rentals paid undèr operating leases are charged lo the Statement of Financial Activities on a straight line basis
over th8 period ofthe leas8.
Page 7
continued...

Worcester Festival Ltd
Notes to the Financial Statements - conllnued
for the Yoar Ended 30th September 2024
ACCOUNTING POLICIES - contlnued
FINANCIAL INSTRUMENTS
The Charity has elected lo apply the prowsions of Sèction 11. B8siG Financial Instruments, and Section 12 '0tsr
Finanaal Instruments Issu8s' of FRS 102 to all of its financial instruments.
Finanaal instruments are recognised when the charity becomes paty to contractual provisions of the instrument.
Finanaal assets are offset, with the net amounts presented in the accounls where thère is a legally enforceable
right lo set off the rècognised 8mounts and there 1$ an intention to settle on a net basis Or to r8alise Ihe asset
and settle th8 liabilty simultanèously.
Basi¢ Flnanclal Assets
Basic financial assets, which inolude trade and other receivables and cash and bank balances. are initialty
measured at transa¢tion price including transaction costs and are subsequently oarried at amortised cost using
the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measur6d at the present value of the luiure re￿ipts discounted at a market rate of interest.
Basic Financlal Llabilities
Basic finanual liabilities, incfuding trade and oth@r payables. are initially recognised at transaction price unless
the arrangement constitutes a financing transadion, Whe￿ the debt inslrum8nt is measured at the present value
of fvlure re￿IptS, discounted at a market rate of interest Debt instruments are subsequenty carried at
am0￿Sed cost, using the effective interest rate melhod.
DONATIONS AND LEGACIES
2024
2023
Donations
Gtft aid
Grants
6,541
785
7,300
2,207
3,550
14,626
5,758
Grants re￿ived, included in the above. are as follows..
2024
2023
Baron Davenport
Eric W Vin￿nt Trust
Fitton Trust
Foyle Foundation
Johnson LC Trust
Simon Geraghty- Worcestershire Councillor- Community Fund
WorcEstershire County Council Councillorfs Divisional Fund
Albrighton and Grimley Charity
750
750
300
5,000
600
250
SW
500
1,500
500
7,300
3,550
INVESTMENT INCOME
2024
2023
Rents received
Bank interest
1,200
1,2
1,201
1,201
Page 8
continued...

Wo￿081er Festival Ltd
Notes to the Flnanclal Statements - continued
for the Year Ended 30th Septsmber 2024
INCOME FROM CHARrrABLE ACTIVITIES
2024
Total
activities
2023
Totsl
activthes
Worcester
Fèstival
Ticket
sales
Sponsorship
Advertising
Grants
ric*eted event income
200
4286
35.370
200
4.286
35,370
75
3,215
2.417
25,370
2,121
75
39,856
75
39.931
33,123
Induded in sponsorship is £nil 12023.. £4701 in relation to the Independent Examination fees provided by
Richards Sandy, in exchar¥Je for sponsorship.
Grants re￿ived, included in the above. are as follows..
2024
2023
WOr￿Ster Cty Council
35,370
25,370
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
Support
costs Ise8
note 81
Totals
Worcester Festival
42,720
9,078
51.798
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Perfomian(t fees and marketing expenses
Brochure and launch costs
Matheting expenses
Artislic director
Depreciation
Professional fees
Postsge, printing and stationary
Other event expenditure
Marketing cnnsultant
12,642
5.672
4,697
10.000
11,934
4.263
8,117
10.000
108
234
1.872
603
575
1,666
7,000
42,720
43.663
GRANTS PAYABLE
2024
2023
Vvorcester Festival
1.550
The total grants paid to institubons during the year was as follows=
2024
2023
Parkinsons UK
1,550
Page 9
continued...

W0￿ester Festlval Ltd
Notes to the Financial Ststements - continued
for tho Year Ended 30th Soptember 2024
SUPPORT COSTS
Govemance
costs
Management
Totals
Worcester Festival
8.208
870
9.078
Support costs, included in the above, are as follows:
2024
WorcEster
Festival
2023
Total
activities
Rent
Light, heat and water
Insuran
Telephone
Repairs and renewals
Sundries
Independent examination
3,375
1.101
1,554
1,343
635
200
870
3,125
983
1A59
1,069
521
9.078
8,097
NET INCOMEI(EXPENDITURE
Net incxmellexpenditure) is ststed after chargingl(crediting).
2024
2023
Depreciation - owned assets
Other operating leases
108
3,125
3,375
10.
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remunèration or olher benèffts for the year ended 30th September 2024 nor for the year
ended 30th Septembar 2023.
TRUSTEES, EXPENSES
There were no trustees, exp8ns8s paid for the year ended 30th September 2024 nor for the year ended
30th September 2023.
11.
STAFF COSTS
No staff costs were incurred in the current year or the prior year.
12.
COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,758
Charitable activllles
Worcester Festival
Ticket sales
31,002
2,121
Investment income
1,201
Total
40,082
EXPENDITURE ON
Charitable activities
W0￿$ter Festival
51,231
Page 10
continued...

Worcester Festlval Ltd
Notes to the Flnanclal Statements - contlnued
for the Year Ended 30th Septembor 2024
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- ¢ontinued
Unrestricted
fund
Ticket sales
2.079
Total
53,310
NET INCOMEIIEXPENDITURE)
(13,228)
RECONCILIATION OF FUNDS
Tolal funds brought foNard
18,￿3
TOTAL FUNDS CARRIED FORWARD
5,675
13.
EXCHANGES OF GOODS AND SERVICES
The charity shall recognise revenue when goods are sold or seN1￿$ are exchanged for dissimilar goods or
Se￿￿5 in a transaction that has commercial substan¢*. In that case, the charity shall m8asure the transaction
at the fair value of the goods or services re￿iVed adjusted by the amount of any cash or cash equivalents
transferred.
14.
TANGIBLE FIXED ASSETS
Computer
equipment
COST
At 1st O¢tob&r 2023 and
30th September 2024
1.129
DEPRECIATION
At 1st October 2023 and
30th September 2024
1,129
NET BOOK VALUE
At 30th September 2024
At 30th Septembèr 2023
16.
DEBTORS.. AMOUNTS FALLING DUE WtTHIN ONE YEAR
2024
2023
Trade debtors
Prepayments
785
890
2,626
1,67S
3.492
Page 11
continued...

Worcester Festlval Ltd
Notes to the Financial Statements - continued
for the Year Ended 30th Septsmber 2024
16.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Trade creditors
VAT
Accrued ex￿nSeS
1,149
679
624
883
883
2,452
17.
MOVEMENT IN FUNDS
Net
movement
in funds
At
1.10.23
At
30.9.24
Unrestrl¢ted funds
General fvnd
5.675
3,960
9,636
TOTAL FUNDS
6,675
3,960
9,635
Net movement in fijnds, included in ts above are as follows..
Incoming
resoUr￿S
Resources
expeThJed
Movement
in funds
Unrestricted funds
General fund
55,758
(51,798)
3,960
TOTAL FUNDS
55,7S8
(51,798)
3.960
Comparatlves for movoment in funds
Net
movement
in funds
At
1.10.22
At
30.9.23
Unrestrictsd funds
General fund
18,903
{13,228)
5.675
TOTAL FUNDS
18,903
(13.228)
5,675
Comp8rative net movement in funds. included in the above are as follows:
Incoming
resour￿$
Resources
expended
Movement
in funds
Unrestrictèd funds
General fund
40.082
(53,310)
113.228)
TOTAL FUNDS
40,082
{53,310)
113,228)
Pag8 12
conts'nued...

Worcestor Festlval Ltd
Note$ to the Financial Ststsments - continuod
for tho Year Ended 30th September 2024
18.
RELATED PARTY DISCLOSURES
During thé yéar. £10.000 12023.. £10,Crf)O) was paid to Mrs E Jaeger, wife of Mr C Jaeger, who is a twstee of
wor￿ster Festival Limited, for administration Servi￿S provided as artistic director. £300 (2023.. £650) was paid
to Mrs E Jaeger for seNces provided during the 2024 Festival on the Battle ofw0￿s1er Walk.
£1,200 12023: £1,200) was paid to Worcester Festival during the year, from On a Role Limited. On a Role
Limited is a touring tt)eatre cnmpany owned by Mr and Mrs Jaeger. The payments were made in exchange for
small amount of storage spacé at thé charivs premises.
£49412023.. £4501 was received in the year from Dr J Elkin as donations.
Page 13

Worcestsr Festival Ltd
Detailed Statement of Flnanciol Activities
for the Year End•d 30th September 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and lega¢ie8
Donations
Gift aid
Grants
6,641
785
7,300
2,207
3,550
14,626
5,758
Imvestment Income
Rents received
Bank interest
1,200
1,200
1,201
1,201
Charltable activities
Sponsorship
Adverb"5ing
Grants
Ticketed event income
200
4,286
35,370
75
3,215
2,417
25,370
2,121
39.931
33,123
Total incomlng re8ourcès
55.758
40,082
EXPENDITURE
Charltable activitias
Performance f88s and marketing expenses
Brochurè and launch costs
Marketing expenses
Artistic director
Depraciation
Professional fees
Postage, printing and stakn'onary
Other event expenditure
Matketing consultant
Grants to institulions
12,642
6.672
4,697
10,000
11,934
4,263
8,117
10,000
234
1,872
603
7,000
575
1,666
7,000
1.550
42,720
45,213
Support Costs
Management
Rent
Light, heal and water
Insuran
Telephone
Repairs and renewals
Sundries
3,375
1,101
1,554
1.343
635
200
3,125
983
1,459
1,089
521
8,208
7.157
Governanco costs
Independent examination
870
Total resources exFended
51,798
53.310
Net Incomolloxpenditure)
3,960
{13,228)
This page dces not fonn part ofthe statutory financial slatements
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