REGISTERED COMPANY NUMBER: 04625088 (England and Wales)
REGISTERED CHARITY NUMBER: 1095978
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
THE PEASMARSH CHAMBER MUSIC FESTIVAL TRUST
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
----- Start of picture text -----
Page
Trustees' Report 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 14
----- End of picture text -----
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31December2021. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thecharitablecompany'sobjectsaretopromote,improve,developandmaintaineducationin the
appreciationandknowledgeoftheartandscienceofmusic.ThePeasmarshChamberMusicFestival Trust
supportsanannualsummerchambermusicfestivalinandaroundPeasmarsh,EastSussex, co-directed
byAnthonyMarwoodandRichardLesteraswellaseducationalprojects,andfundraisingactivities during
theyear.Thefestivalincludesseveralpublicperformances,indifferentvenues,enablingtheFestival to
reach a wide audience for the concerts and delivering significant benefit to the public through this work.
TheCompany'sabilitytosupportthePeasmarshChamberMusicFestivalhasbeenenhanced by
successfulfundraisingcampaignsineachofthepastfewyears,whichhaveincludedbuildingupa circle
ofaround150friendsandpatronswhosupportthefestival,aswellasattractingsomesupportfrom local
companiesandcharitabletrusts,aswellasRotherDistrictCouncilandSussexCommunity Foundation.
TheFriendsandPatronshaveprovidedinvaluablesupportduring2021astheCompany,incommon with
so many other arts organisations, continued to experience the impact of the COVID-19 pandemic.
Page 1
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
ACHIEVEMENT AND PERFORMANCE
FollowingtherelaxationofcertainCOVID-19restrictions,theDirectorsweredelightedtobeable to
presentaFestivalofliveconcertsinJuly2021,albeitwithsomerestrictionsrelatingtosocial distancing
andreducedaudiencecapacitiesinourprincipalconcertvenuesoftheChurchofStPeterandStPaul in
PeasmarshandStMary'sChurchinRye.WealsoheldtwoconcertsinWinchelseaforthefirst time.
Severalperformanceswererepeated,includingthoseinWinchelsea,inordertoaccommodate our
audiencemembers,whoexceedthereducedcapacityinnumber.TheongoingCOVID-19restrictions had
someadditionalimplicationsfortheorganisationincludingreducedcapacityforperformersonstage, the
needfortimedentryforaudiencemembersandadditionalcleaninganddisinfectantobligations between
each performance.
Artistic activity
The2021Festivalwasthe23rdfestivalpresentedinPeasmarsh,includingtheearlyfestivals presented
undertheoriginalnameoftheFlorestanFestivalatPeasmarsh.TheFestivaltookplaceoverfourdays, 1
to 4 July 2021, with education workshops taking place in five local schools during the previous week.
Thefestivalcomprised11concerts,sevenheldattheChurchofStPeterandStPaul,Peasmarsh, East
Sussex,twoatStMary'sChurch,Rye,andtwoheldinStThomas'ChurchinWinchelsea,anewvenue for
theFestival.Fouroftheseperformanceswererepeatedprogrammes.Ournewconnection with
Winchelseaenabledustoexpandoureducationpartnershipstoincludestudentsfrom Winchelsea,
Icklesham, Rye, Peasmarsh and Beckley Primary Schools.
InadditiontoAnthonyMarwood(violin)andRichardLester(cello)theartistsperformingatthe Festival
were:
Alec Frank-Gemill, French horn
Tim Horton, piano
Graham Mitchell, double bass
The Barbican String Quartet
The Navarra String Quartet
TheBarbicanandNavarraStringQuartetscombinedtoformanensembleofstringplayersforthe Friday
night ensemble concert, supplemented by eight additional ensemble players.
ItisacentralaimoftheCompanytoinviteartistsofthehigheststandardtothefestivaleachyear, which
wasachievedthroughtheseinternationallyacclaimedguestperformers.Additionally,theFestival always
supportsyoungprofessionalmusicians,givingthemperformanceopportunitiestodeveloptheir careers
asprofessionalmusicians.In2021ourguestartistswereprimarilyresidentintheUKdueto ongoing
travel restrictions due to COVID-19.
TheFestivalaimstoincludeacombinationoftraditionalandlessfamiliarrepertoireeachyear.In 2021
ourpublicperformancesincludedworksbycomposersrangingfromBachtoRaskatov,Mozartto Turina
andincludingchamberworksbyShostakovich,Britten,Mahler,Abrahamsen,Rossini,Straus,Ligeti and
Dvorak.
RegrettablythecontinuingCOVID-19omicronvariantresultedinourbeingunabletopresentour annual
winter fundraising concerts in 2021. However these concerts were reinstated successfully in April 2022.
Education projects
In2021theCompanyexpandedthereachofitseducationprogrammetoincludefivepartner schools,
RyePrimary,St.Thomas'Winchelsea,IckleshamPrimary,BeckleyChurchofEnglandPrimarySchool and
PeasmarshChurchofEnglandPrimarySchool.DuetotheongoingCOVID-19restrictionswewere unable
tobringparticipantsfromthesefiveschoolstogetherforasinglefinalperformanceaswehad hoped.
Instead,wearrangedfortheBarbicanStringQuartettoperforminfourofthefiveschools.Although we
wereunabletoinvitemembersofthepublictoenjoytheseperformances,theschoolswerein some
instances able to include additional students as members of an impromptu audience.
Page 2
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
WehadsuccessfullyappliedforgrantsfromRyeCommunityShop,RotherDistrictCouncilandthe Little
CheyneCourtWindFarmLtd.,operatedbyInnogyRenewablesUKLimitedtofundtheeducationwork we
hadplannedforJune2020.[SussexandKentCommunityFoundationsco-ordinatethelatter grant
scheme.]WeweregratefultoourfundersforpermittingtheCharitytodeferuseofthefundsboth for
someonlineworkshopswehadorganisedinDecember2020andforoureducationworkin2021. An
additional grant was received from Arts Society High Weald for the workshops in June 2021.
Principal Achievements, and their financial impact
The principal achievements of The Peasmarsh Chamber Music Festival Trust during 2021 were as follows:
-Presentationofelevenhighqualitypublicconcerts,enablingareturntotheprovisionofbenefitto the
membersofthepublicthroughareturntoliveattendanceattheFestival.Althoughanumberof these
concertswerefullysold,thereductionincapacityduetosocialdistancingmeasuresledtoareduction in
box office income relative to prior years.
-PresentationoftworepeatedpublicconcertsatStThomas'ChurchinWinchelsea,enablingour audience
to attend all our concert programmes despite capacity restrictions in Peasmarsh
-Broadeningouraudiencetoanewlocation.WeweredelightedtowelcometwonewFriendsto support
the Festival as a direct result of this initiative.
-EducationworkshopswereheldatRye,Winchelsea,Icklesham,BeckleyandPeasmarshPrimary Schools
marking a significant broadening of our education programme and creation of new partnerships
- A significant increase in reserves thanks to receipt of a generous legacy during the year
FINANCIAL REVIEW
Reserves policy
TheaimoftheTrusteeshasbeentoretainsufficientreservestocoverapproximatelysixmonths of
operatingexpenses.Inordertoachievethis,theCompanygenerallyraisesfundstocoverthecosts of
thePeasmarshChamberMusicFestivalnotcoveredfromticketsalesthroughattractingdonations from
FriendsandPatronsaswellasdonationsfromgrant-givingtrusts,withtheaimofgeneratinga small
contributiontoreserveswherepossible.ThisalsoenablestheCompanytoinvestinmore significant
artisticprojectsfromtimetotimewhilecreatingincreasedfinancialresiliencefortheCompany. Thanks
tothereceiptofasignificantlegacyduringtheyear,thelevelofreservescurrentlyexceedthe agreed
minimumlevel.Thetrusteesbelievethatthelevelofgeneralreservesisbothsufficienttomeet these
aims, and to provide some financial support in continuing uncertain times.
Financial Review
Theincomeofthecompanyisgenerallyderivedfromconcertperformancesaswellasdonations from
grant-givingcompaniesandsupportfromindividuals.TheCompanyisparticularlygratefultoFriends and
Patrons,andotherindividualdonorsfortheircommitmenttothePeasmarshChamberMusic Festival.
During2021,theCharitywasgratefulthatmostofitsFriendsandPatronscontinuedtosupport the
organisationfollowingthedifficultperiodofCOVID-19.Asaresultofthesegifts,theCharityhas general
reserves of £85,252 as at 31 December 2021.
During2021theFriendsandPatronsofthePeasmarshChamberMusicFestivaldonated£37,190 (2020:
£27,724)tosupportthefestival.Thecompanyalsobenefitedfromadditionalgiftaidof£6,142 (2020:
£6,962).Inaddition,thecompanysecuredafurthergrantof£500inMay2021tosupport education
activityinadditiontotherestrictedfundscarriedforwardsfrom2020(2020:£4,050).Alegacy of
£40,000 was secured in February 2021.
Thetotalincomeofthecompanyfromallsourceswas£111,577(2020:£48,207);theprincipal change
camefromthefactthatwewereagainabletopresentliveperformancesandthereforeour earned
incomefromcharitableincomeincludedboxofficerevenue,aswellasthelegacynotedabove. However,
itshouldbenotedthattheboxofficeincomewasbelowthelevelreceivedin2019dueto reduced
capacityinourperformancevenues.Attheendoftheperiodthecompanyhad£85,252(2020: £45,843)
inunrestrictedfundsand£0(2020£4,050)inrestrictedfunds,thesefundshavingbeenspent on
education work during the year.
Page 3
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
FUTURE PLANS
InJune2022,thePeasmarshChamberMusicFestivalwasabletotakeplaceinareturntothe Charity's
preCOVIDmodusoperandi.Tenliveconcertswereheldacrossfourdays,includingtwo education
performances which brought performers together from participants in our five partner schools.
OurpartnerschoolsallundertookworkshopsinMayandJune2022,andallfivepartnerschools have
indicatedtheirenthusiasmforacontinuinginvolvementintheCharity'seducationalprogrammein future
years.
Itisintendedthatinfutureyearsthecompanywillagainsupportafourdayfestivalofchambermusic, at
whichAnthonyMarwoodandRichardLesterwillperformandinviteotherleadingmusicianstojoin them
inpresentinganeclecticprogrammeofclassicalmusic.In2023the25thFestivalwilltakeplace.We will
markthisimportantanniversarybyorganisingaspecialfundraisingconcertinLincoln'sInninLondon in
November 2022.
ThetrusteesareverygratefultoallthosesupporterswhohavedonatedtotheCompanyduring2021 and
wouldparticularlynotetheirgratitudeforasignificantlegacyreceivedduringtheyear.Itisintended that
thelegacyfundsareusedtocommissionaseriesofnewworksforchamberensembleinpartnership with
selectedvenuesintheUKandfurtherafield.Thesecommissionswillensurebothanenduring musical
legacybecreatedwiththesefundsand,throughthesepartnerships,thatadditionalpublicbenefit be
derivedthroughsharingthesenewlycommissionedworkswithawideraudiencethanattends the
Festival.Itishopedthattheseworksmightberecordedsuchthattheymightalsobemade available
more widely through digital platforms.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
ThePeasmarshChamberMusicFestivalTrustisacompanylimitedbyguarantee,withoutshare capital,
incorporatedon24December2002astheFlorestanTrustandregisteredasacharityon14 February
2003.AtanEGMon26March2012itstrusteespassedaspecialresolutiontochangeitsnameto The
Peasmarsh Chamber Music Festival Trust, and it was incorporated as such on 12 April 2012.
ThecompanywasestablishedunderaMemorandumofAssociation,whichsetsouttheobjects and
powersofthecharitablecompanyandisgovernedbyitsArticlesofAssociation.Atthe2014AGM, the
MembersapprovedaSpecialResolutiontoadoptrevisedArticlesofAssociationreflectingrecent changes
in Company and Charity law.
Recruitment and appointment of new trustees
Membersmayelectorre-electTrusteesbyordinaryresolutionattheAGMandtheBoardmay co-opt
Trustees between AGMs.
Organisational structure
TheCompanyismanagedandadministeredonaday-to-daybasisbyitsGeneralManager.The General
ManagerconfersregularlywiththeartisticdirectorsandreportsregularlytotheChairmanof the
Trustees.TheBoardofTrusteesmeetseveryfewmonthstoreviewtheactivitiesofthecompanyand to
consider more closely the financial and managerial status.
Induction and training of new trustees
In 2011/12 the Trust introduced an induction process and introduction packs for new Trustees.
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure
appropriatecontrolsareinplacetoprovidereasonableassuranceagainstfraudanderror.The trustees
considerthedetailedoperationofthecompanyandtheassociatedrisksattheirregular trustees'
meetings.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04625088 (England and Wales)
Page 4
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Registered Charity number
1095978
Registered office
Landgate Chambers
Rye
East Sussex
TN31 7LJ
Trustees
G Dunning QC
V Dyer
R Jennings
P Millett
S Mortimore QC (Chair)
J Sebline
Independent Examiner
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
Principal Staff
A Rowe
Approved by order of the board of trustees on 9 September 2022 and signed on its behalf by:
S A Mortimore QC - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEASMARSH CHAMBER MUSIC FESTIVAL TRUST
Independent examiner's report to the trustees of The Peasmarsh Chamber Music Festival Trust ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2021.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Miss Samantha Whiting
FCA
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
9 September 2022
Page 6
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
77,553
Charitable activities
4
Peasmarsh Festival Ticket sales
25,375
Programmes and advertising
1,998
Gift Aid
6,142
Co-commission Fees
-
Investment income
3
9
Total
111,077
EXPENDITURE ON
Charitable activities
5
Programmes and advertising
4,935
Concerts & Education programmes
64,681
Other
2,043
Total
71,659
NET INCOME/(EXPENDITURE)
39,418
Transfers between funds
12
(9)
Net movement in funds
39,409
RECONCILIATION OF FUNDS
Total funds brought forward
45,843
TOTAL FUNDS CARRIED FORWARD
85,252 |
Restricted
fund
£
500
-
-
-
-
-
500
-
4,559
-
4,559
(4,059)
9
(4,050)
4,050
- |
2021
Total
funds
£
78,053
25,375
1,998
6,142
-
9
111,577
4,935
69,240
2,043
76,218
35,359
-
35,359
49,893
85,252 |
2020
Total
funds
£
40,228
-
-
6,962
1,010
7 |
|
|
|
48,207
2,235
17,241
2,014 |
|
|
|
21,490 |
|
|
|
26,717
- |
|
|
|
26,717
23,176 |
|
|
|
49,893 |
The notes form part of these financial statements
Page 7
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
BALANCE SHEET 31 DECEMBER 2021
Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Debtors
10
2,631
-
Cash at bank
91,198
-
93,829
-
CREDITORS
Amounts falling due within one year
11
(8,577)
-
NET CURRENT ASSETS
85,252
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
85,252
-
NET ASSETS
85,252
-
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2021
Total
funds
£
2,631
91,198
93,829
(8,577)
85,252
85,252
85,252
85,252
-
85,252 |
2020
Total
funds
£
2,877
53,394
56,271
(6,378)
49,893
49,893
49,893
45,843
4,050
49,893 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 December 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
9 September 2022 and were signed on its behalf by:
S A Mortimore QC - Trustee
The notes form part of these financial statements
Page 8
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbemeasured reliably.
Anyincomingresourcesreceivedinanaccountingperiodthatrelateexclusivelytofutureyears are
deferred on the balance sheet.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Directactivitycostscomprisethosecoststhatcontributedirectlytoanactivityandareallocated to
the relevant activity.
Supportcostscomprisethosecoststhatarenecessarytodeliveranyactivitybutinthemselves do
not produce or deliver an activity.
Supportcostsareallocatedtoeachdirectactivitybasedondirectcostsforeachactivityas a
proportion of total direct activity costs.
Governance costs are those costs incurred to meet statutory and constitutional requirements.
Allcostsareallocatedagainstthefundtowhichtheyrelate.Coststhatcannotbeidentified to
specificfundsareallocatedacrossfundsusingappropriateapportionmentmethodsbasedon the
funds use of the relevant service or resource.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Restricted funds
Theserepresentincomereceivedthatissubjecttospecificrestrictionsforusedeterminedby the
donor which are narrower than the charitable company's general objects.
General funds
These represent all other funds held for the general purpose of the charitable company.
continued...
Page 9
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2.
DONATIONS AND LEGACIES
2021
£
Gifts and donations
863
Legacies
40,000
Friends and Patrons of Peasmarsh Festival
37,190
78,053
3.
INVESTMENT INCOME
2021
£
Deposit account interest
9
4.
INCOME FROM CHARITABLE ACTIVITIES
2021
Activity
£
Peasmarsh Festival Ticket
sales
Peasmarsh Festival Ticket sales
25,375
Programmes and
advertising
Programmes and advertising
1,998
Gift Aid
Gift Aid
6,142
Co-commission Fees
Co-commission Fees
-
33,515
5.
CHARITABLE ACTIVITIES COSTS
Programmes and advertising
Concerts & Education programmes
6.
SUPPORT COSTS
Governance
Other
costs
£
£
Other resources expended
532
1,511 |
|
2020
£
12,504
-
27,724 |
2020
£
12,504
-
27,724 |
|
|
40,228 |
|
|
|
|
2020
£
7 |
|
|
|
2020
£
-
-
6,962
1,010 |
|
|
|
7,972 |
|
|
Direct
Costs
£
4,935
69,240 |
|
|
|
74,175 |
|
|
|
Totals
£
2,043 |
|
continued...
Page 10
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
SUPPORT COSTS - continued
Support costs, included in the above, are as follows: |
|
|
|
2021 |
2020 |
|
Other |
|
|
resources |
Total |
|
expended |
activities |
|
£ |
£ |
Insurance |
481 |
364 |
Post, stationery and office supplies |
51 |
244 |
Bank charges |
268 |
159 |
Sundries |
13 |
13 |
Accountancy |
1,230 |
1,234 |
|
2,043 |
2,014 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021 nor
for the year ended 31 December 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2021norforthe year
ended 31 December 2020.
8. STAFF COSTS
Therewerenoemployeesorstaffcostsfortheyearended31December2021norforthe year
ended 31 December 2020.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
35,328
4,900
Charitable activities
Gift Aid
6,962
-
Co-commission Fees
1,010
-
Investment income
7
-
Total
43,307
4,900
EXPENDITURE ON
Charitable activities
Programmes and advertising
2,235
-
Concerts & Education programmes
16,641
600
Other
2,014
-
Total
20,890
600
NET INCOME
22,417
4,300
Transfers between funds
250
(250) |
Total
funds
£
40,228
6,962
1,010
7 |
|
48,207
2,235
17,241
2,014 |
|
21,490 |
|
26,717
- |
continued...
Page 11
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
Unrestricted
fund
£
Net movement in funds
22,667
RECONCILIATION OF FUNDS
Total funds brought forward
23,176
TOTAL FUNDS CARRIED FORWARD
45,843
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Deferred income
Accruals
12.
MOVEMENT IN FUNDS
Net
movement
At 1/1/21
in funds
£
£
Unrestricted funds
General fund
45,843
39,418
Restricted funds
Restricted Funds
4,050
(4,059)
TOTAL FUNDS
49,893
35,359 |
continued
Restricted
fund
£
4,050
-
4,050
2021
£
2,571
60
2,631
2021
£
2,228
3,950
2,399
8,577
Transfers
between
funds
£
(9)
9
- |
Total
funds
£
26,717
23,176
49,893
2020
£
2,877
-
2,877
2020
£
1,898
3,300
1,180
6,378
At
31/12/21
£
85,252
-
85,252 |
Total
funds
£ |
|
|
|
26,717
23,176 |
|
|
|
49,893 |
continued...
Page 12
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
111,077
(71,659)
Restricted funds
Restricted Funds
500
(4,559)
TOTAL FUNDS
111,577
(76,218)
Comparatives for movement in funds
Net
Transfers
movement
between
At 1/1/20
in funds
funds
£
£
£
Unrestricted funds
General fund
23,176
22,417
250
Restricted funds
Restricted Funds
-
4,300
(250)
TOTAL FUNDS
23,176
26,717
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
43,307
(20,890)
Restricted funds
Restricted Funds
4,900
(600)
TOTAL FUNDS
48,207
(21,490) |
Movement
in funds
£
39,418
(4,059)
35,359
At
31/12/20
£
45,843
4,050
49,893
Movement
in funds
£
22,417
4,300
26,717 |
|
|
continued...
Page 13
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1/1/20
in funds
£
£
Unrestricted funds
General fund
23,176
61,835
Restricted funds
Restricted Funds
-
241
TOTAL FUNDS
23,176
62,076 |
Transfers
between
At
funds
31/12/21
£
£
241
85,252
(241)
-
-
85,252 |
|
|
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
Incoming
resources
£
154,384
5,400
159,784 |
Resources
expended
£
(92,549)
(5,159)
(97,708) |
Movement
in funds
£
61,835
241
62,076 |
|
|
|
|
13. RELATED PARTY DISCLOSURES
Thetotalamountofdonationsreceivedfromtrusteesduringtheyear,withoutconditions, totalled
£4,840 (2020: £6,433).
14. CONTINGENT ASSETS
ThecharitywasnotifiedofalegacyinApril2021buttheamountwasunknownattheyear end.
The charity has since received £57,954 in April 2022.
Page 14