REGISTERED COMPANY NUMBER: 04625088 (England and Wales)
REGISTERED CHARITY NUMBER: 1095978
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022
----- 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 15
----- End of picture text -----
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31December2022. 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
companies and charitable trusts, as well as Rother District Council and Sussex Community Foundation.
Page 1
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE
FollowingtherelaxationofcertainCOVID-19restrictions,theDirectorsweredelightedtobeable to
presentaFestivalofliveconcertsinJuly2022,withouttherestrictionsthathadbeeninplacein previous
years.WepresentedconcertsinourprincipalconcertvenuesoftheChurchofStPeterandStPaul in
PeasmarshandStMary'sChurchinRye,andwealsoheldaconcertsinWinchelseaforyoung performers
from Winchelsea and Icklesham schools.
Artistic activity
The2022Festivalwasthe24thfestivalpresentedinPeasmarsh,includingtheearlyfestivals presented
undertheoriginalnameoftheFlorestanFestivalatPeasmarsh.TheFestivaltookplaceoverfourdays, 22
to 26 June 2022, with education workshops taking place in five local schools during the previous week.
Thefestivalcomprised10concerts,sevenheldattheChurchofStPeterandStPaul,Peasmarsh, East
Sussex,oneatStMary'sChurch,Rye,andoneheldinStThomas'ChurchinWinchelsea,whichhad been
anewvenuefortheFestivalin2021.Weweredelightedtocontinueoureducationpartnerships with
Winchelsea, Icklesham, Rye, Peasmarsh and Beckley Primary Schools.
InadditiontoAnthonyMarwood(violin)andRichardLester(cello)theartistsperformingatthe Festival
were:
Sally Beamish, Composer
James Crabb, Classical Accordion
Ori Kam, viola
Magnus Johnston, violin
Hannes Minnaar, piano
The Heath Quartet
12 Ensemble
ItisacentralaimoftheCompanytoinviteartistsofthehigheststandardtothefestivaleachyear, which
wasachievedthroughtheseinternationallyacclaimedguestperformers.Additionally,theFestival always
supportsyoungprofessionalmusicians,givingthemperformanceopportunitiestodeveloptheir careers
asprofessionalmusicians.In2022,thewonderfulyoungensemble'the12Ensemble'joinedusfor the
orchestral concert on Friday evening and were enthusiastically received.
TheFestivalaimstoincludeacombinationoftraditionalandlessfamiliarrepertoireeachyear.In 2022
ourpublicperformancesincludedworksbycomposersrangingfromHaydntoBeethoven,Britten to
Beamish,andBrahmstoKurtág.SallyBeamishwasresidentthroughouttheFestival,andpresented a
fascinating talk, together with classical accordionist James Crabb, about her work.
InNovember2022,tomarkthebeginningofthe25thanniversaryseasonfortheFestival,aspecial gala
concert was held in the Old Hall at Lincoln's inn, by kind invitation of Graham Dunning KC.
Education projects
In2022theCompanycontinuedtoworkwithincludefivepartnerschools,RyePrimary,St. Thomas'
Winchelsea,IckleshamPrimary,BeckleyChurchofEnglandPrimarySchoolandPeasmarshChurch of
EnglandPrimarySchool.Theprojectconsistedofworkshopsineachschoolledbyexperienced Education
ProjectLeaderSamGlazer,accompaniedbymembersoftheHeathQuartet.Theparticipating children
werebroughttogetherintotwoculminationconcerts,oneintheChurchofStPeterandStPaul in
PeasmarshforstudentsfromRye,BeckleyandPeasmarshandinStThomas'ChurchWinchelsea for
studentsfromWinchelseaandIckleshamschools.Anaudienceofteachers,parentsand festival
supporters attended each concert.
WeareverygratefulforthesupportwereceivedfromRotherDistrictCouncilandtheLittleCheyne Court
WindFarmLtd.,operatedbyInnogyRenewablesUKLimitedandco-ordinatedbySussex Community
Foundation,theKowitzFamilyFoundation,ArtsSocietyHighWealdandtheRudiMartinusvan Dijk
Foundation to fund the education work.
Page 2
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Principal Achievements, and their financial impact
The principal achievements of The Peasmarsh Chamber Music Festival Trust during 2022 were as follows:
-Presentationoftenhighqualitypublicconcerts,deliveringsignificantpublicbenefittothemembers of
theaudiencethroughtheirattendanceattheFestival.Anumberoftheseconcertswerewellsold,and we
wereabletoincreasethecapacityduetosocialdistancingmeasureshavingbeenrelaxed.Thisledto an
increase in box office income relative to 2021.
-TwofundraisingconcertswereheldforFriendsandPatronsinApril2022;thisresultedinsome new
financial support for the Festival.
-OfferinganeducationconcertinStThomas',Winchelsea,tobenefitstudentsatWinchelsea and
Icklesham schools, and a selected audience there.
-
Education workshops were held at Rye, Winchelsea, Icklesham, Beckley and Peasmarsh Primary Schools
-
marking a significant broadening of our education programme and creation of new partnerships
-ThecelebrationconcertinNovember2022raised£2,047fortheCharity.Weareverygratefulto all
those who attended, and to those who sent donations for the event.
-Asin2021,wewereextremelyfortunatetoreceiveasignificantincreaseinreservesthanksto 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.
Thetrusteesaremindfulofincreasinginterestrates,andassuchsincetheyearendtheCharity has
invested£97,954inaninterestbearingfixedtermdepositaccount.Thisamountrepresentsthetotal of
legacy funds received in 2021 and 2022.
Financial Review
Theincomeofthecompanyisgenerallyderivedfromticketsalesforpublicconcertperformancesas well
asdonationsfromgrant-givingcompaniesandsupportfromindividuals.TheCompanyis particularly
gratefultoFriendsandPatrons,andotherindividualdonorsfortheircommitmenttothe Peasmarsh
ChamberMusicFestival.During2022,theCharitywasdelightedtowelcomebackanumberof Friends
andPatrons,whosesupportisinvaluable.At31December2022theCharity'sreservesstood at
£149,125,including£97,954legacies,whichhavebeenplacedinadesignatedfundasdescribed further
below.
During2022theFriendsandPatronsofthePeasmarshChamberMusicFestivaldonated£47,944 (2021:
£37,190)tosupportthefestival.Thecompanyalsobenefitedfromadditionalgiftaidof£9,096 (2020:
£6,141).Thecompanysecuredgrantstotalling£5,600in2022.Alegacyof£57,954wasreceivedin April
2022.
Thetotalincomeofthecompanyfromallsourceswas£160,743(2021:£111,567);theprincipal change
camefromthefactthatwewereagainabletopresentliveperformancesandthereforeour earned
incomefromcharitableincomeincludedboxofficerevenue,aswellasthelegacynotedabove.Atthe end
oftheperiodthecompanyhad£149,125(2021:£85,252)inunrestrictedfundsand£0(2021£0) in
restricted funds, the restricted funds secured having been spent on education work during the year.
Page 3
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
FUTURE PLANS
InJune2023,thePeasmarshChamberMusicFestivalwasabletotakeplaceinareturntothe Charity's
preCOVIDmodusoperandi,andwithnoneoftherestrictionsofthepasttwoyears.Capacity was
increasedinbothPeasmarshandRyechurches.Nineliveconcertswereheldacrossfourdays,including a
largescaleeducationperformanceinStMary'sChurchinRyewhichbroughtperformerstogether from
around 150 participants in our five partner schools.
OurpartnerschoolsallundertookworkshopsinMayandJune2023,andallfivepartnerschools have
indicatedtheirenthusiasmforacontinuinginvolvementintheCharity'seducationalprogrammein future
years.
Itisintendedthatinfutureyearsthecompanywillagainsupportafourdayfestivalofchambermusic, at
whichAnthonyMarwoodandRichardLesterwillperformandinviteotherleadingmusicianstojoin them
in presenting an eclectic programme of classical music.
ThetrusteesareverygratefultoallthosesupporterswhohavedonatedtotheCompanyduring2022 and
wouldparticularlynotetheirgratitudeforasignificantlegacyreceivedduringtheyear.Thereceipt of
significantlegaciesinboth2022and2021hasenabledtheCharitytomakesomeambitiousplansfor the
future.TheTrusteeshaveallocatedtheselegacyfundsintoadesignatedfundtosupportspecific projects
as distinct from funding ongoing operational costs.
Itisintendedthatthelegacyfundsareusedtocommissionaseriesofnewworksforchamber ensemble
inpartnershipwithselectedvenuesintheUKandfurtherafield.Thesecommissionswillensureboth an
enduringmusicallegacybecreatedwiththesefundsand,throughthesepartnerships,that additional
publicbenefitbederivedthroughsharingthesenewlycommissionedworkswithawideraudience than
attendstheFestival.Itishopedthattheseworksmightberecordedsuchthattheymightalsobe made
availablemorewidelythroughdigitalplatforms.Discussionsareongoingplacebothwithcomposers who
mightbesuitablecandidatesforthesecommissionsandwiththeWigmoreHall,whichhasoffered the
Charity three dates in 2024 and 2025 on which to perform these new works.
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.
Page 4
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04625088 (England and Wales)
Registered Charity number
1095978
Registered office
Landgate Chambers
Rye
East Sussex
TN31 7LJ
Trustees
G Dunning KC
V Dyer
R Jennings
P Millett
S Mortimore KC (Chair)
J Sebline
D Brierwood - appointed 22.03.23
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 18 September 2023 and signed on its behalf by:
S A Mortimore KC - 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 2022.
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
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
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
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
18 September 2023
Page 6
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
|
|
|
|
|
2022 |
2021 |
|
|
Unrestricted |
Restricted |
|
Total |
Total |
|
|
funds |
fund |
|
funds |
funds |
|
Notes |
£ |
£ |
|
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
|
Donations and legacies |
2 |
110,102 |
5,600 |
|
115,702 |
78,053 |
Charitable activities |
4 |
|
|
|
|
|
Peasmarsh Festival Ticket sales |
|
33,364 |
|
- |
33,364 |
25,375 |
Programmes and advertising |
|
2,581 |
|
- |
2,581 |
1,998 |
Gift Aid |
|
9,096 |
|
- |
9,096 |
6,142 |
Investment income |
3 |
- |
|
- |
- |
9 |
Total |
|
155,143 |
5,600 |
|
160,743 |
111,577 |
EXPENDITURE ON |
|
|
|
|
|
|
Charitable activities |
5 |
|
|
|
|
|
Programmes and advertising |
|
6,790 |
|
- |
6,790 |
4,935 |
Concerts & Education programmes |
|
82,333 |
5,292 |
|
87,625 |
69,240 |
Other |
|
2,455 |
|
- |
2,455 |
2,043 |
Total |
|
91,578 |
5,292 |
|
96,870 |
76,218 |
NET INCOME |
|
63,565 |
308 |
|
63,873 |
35,359 |
Transfers between funds |
12 |
308 |
(308) |
|
- |
- |
Net movement in funds |
|
63,873 |
|
- |
63,873 |
35,359 |
RECONCILIATION OF FUNDS |
|
|
|
|
|
|
Total funds brought forward |
|
85,252 |
|
- |
85,252 |
49,893 |
TOTAL FUNDS CARRIED FORWARD |
|
149,125 |
|
- |
149,125 |
85,252 |
The notes form part of these financial statements
Page 7
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
BALANCE SHEET 31 DECEMBER 2022
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
10
9,823
Cash at bank and in hand
149,752
159,575
CREDITORS
Amounts falling due within one year
11
(10,450)
NET CURRENT ASSETS
149,125
TOTAL ASSETS LESS CURRENT
LIABILITIES
149,125
NET ASSETS
149,125
FUNDS
12
Unrestricted funds
TOTAL FUNDS |
Restricted
fund
£
-
-
-
-
-
-
- |
2022
Total
funds
£
9,823
149,752
159,575
(10,450)
149,125
149,125
149,125
149,125
149,125 |
2021
Total
funds
£
2,631
91,198
93,829
(8,577)
85,252
85,252
85,252
85,252
85,252 |
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 December 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 December 2022 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
18 September 2023 and were signed on its behalf by:
S A Mortimore KC - 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 2022
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 2022
2.
DONATIONS AND LEGACIES
Gifts and donations
Legacies
Friends and Patrons of Peasmarsh Festival
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Peasmarsh Festival Ticket
sales
Peasmarsh Festival Ticket sales
Programmes and
advertising
Programmes and advertising
Gift Aid
Gift Aid
5.
CHARITABLE ACTIVITIES COSTS
Programmes and advertising
Concerts & Education programmes
6.
SUPPORT COSTS
Other
£
Other resources expended
999 |
2022
£
9,804
57,954
47,944
115,702
2022
£
-
2022
£
33,364
2,581
9,096
45,041
Governance
costs
£
1,456 |
|
2021
£
863
40,000
37,190 |
2021
£
863
40,000
37,190 |
|
|
|
78,053 |
|
|
|
|
2021
£
9
2021
£
25,375
1,998
6,142 |
2021
£
9 |
|
|
|
33,515 |
|
|
|
|
Direct
Costs
£
6,790
87,625 |
|
|
|
|
94,415 |
|
|
|
|
Totals
£
2,455 |
|
continued...
Page 10
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
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: |
|
|
|
2022 |
2021 |
|
Other |
|
|
resources |
Total |
|
expended |
activities |
|
£ |
£ |
Insurance |
710 |
481 |
Post, stationery and office supplies |
289 |
51 |
Bank charges |
209 |
268 |
Sundries |
35 |
13 |
Accountancy |
1,212 |
1,230 |
|
2,455 |
2,043 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022 nor
for the year ended 31 December 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2022norforthe year
ended 31 December 2021.
8. STAFF COSTS
Therewerenoemployeesorstaffcostsfortheyearended31December2022norforthe year
ended 31 December 2021.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
77,553
Charitable activities
Peasmarsh Festival Ticket sales
25,375
Programmes and advertising
1,998
Gift Aid
6,142
Investment income
9
Total
111,077
EXPENDITURE ON
Charitable activities
Programmes and advertising
4,935
Concerts & Education programmes
64,681
Other
2,043
Total
71,659
NET INCOME/(EXPENDITURE)
39,418
Transfers between funds
(9) |
Restricted
fund
£
500
-
-
-
-
500
-
4,559
-
4,559
(4,059)
9 |
Total
funds
£
78,053
25,375
1,998
6,142
9 |
|
|
111,577 |
|
|
4,935
69,240
2,043 |
|
|
76,218 |
|
|
35,359
- |
continued...
Page 11
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
Unrestricted
funds
£
Net movement in funds
39,409
RECONCILIATION OF FUNDS
Total funds brought forward
45,843
TOTAL FUNDS CARRIED FORWARD
85,252
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 1/1/22
in funds
£
£
Unrestricted funds
General fund
85,252
5,611
Designated funds
-
57,954
85,252
63,565
Restricted funds
Restricted Funds
-
308
TOTAL FUNDS
85,252
63,873 |
continued
Restricted
Total
fund
funds
£
£
(4,050)
35,359
4,050
49,893
-
85,252
2022
2021
£
£
9,693
2,571
130
60
9,823
2,631
2022
2021
£
£
2,320
2,228
6,950
3,950
1,180
2,399
10,450
8,577
Transfers
between
At
funds
31/12/22
£
£
(39,692)
51,171
40,000
97,954
308
149,125
(308)
-
-
149,125 |
|
Total
funds
£ |
|
|
|
35,359
49,893 |
|
|
|
85,252 |
|
|
|
|
|
|
|
|
continued...
Page 12
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted Funds
TOTAL FUNDS
Comparatives for movement in funds
At 1/1/21
£
Unrestricted funds
General fund
45,843
Restricted funds
Restricted Funds
4,050
TOTAL FUNDS
49,893 |
Incoming
resources
£
97,189
57,954
155,143
5,600
160,743
Net
movement
in funds
£
39,418
(4,059)
35,359 |
Resources
expended
£
(91,578)
-
(91,578)
(5,292)
(96,870)
Transfers
between
funds
£
(9)
9
- |
Movement
in funds
£
5,611
57,954
63,565
308
63,873
At
31/12/21
£
85,252
-
85,252 |
|
|
|
|
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS |
Incoming
resources
£
111,077
500
111,577 |
Resources
expended
£
(71,659)
(4,559)
(76,218) |
Movement
in funds
£
39,418
(4,059)
35,359 |
|
|
|
|
continued...
Page 13
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1/1/21
in funds
£
£
Unrestricted funds
General fund
45,843
45,029
Designated funds
-
57,954
45,843
102,983
Restricted funds
Restricted Funds
4,050
(3,751)
TOTAL FUNDS
49,893
99,232 |
Transfers
between
At
funds
31/12/22
£
£
(39,701)
51,171
40,000
97,954
299
149,125
(299)
-
-
149,125 |
|
|
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted Funds
TOTAL FUNDS |
Incoming
resources
£
208,266
57,954
266,220
6,100
272,320 |
Resources
expended
£
(163,237)
-
(163,237)
(9,851)
(173,088) |
Movement
in funds
£
45,029
57,954
102,983
(3,751)
99,232 |
|
|
|
|
Transfers between funds
Thetransferfromtherestrictedtounrestrictedfundsrepresentsthecontributiontothecostto the
Charity of administering the education projects.
13. RELATED PARTY DISCLOSURES
Thetotalamountofdonationsreceivedfromtrusteesduringtheyear,withoutconditions, totalled
£10,180 (2021: £4,840).
continued...
Page 14
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022
14. CONTINGENT ASSETS
The charity was notified of a legacy during the year but the amount was unknown at the year end.
Page 15