REGISTERED COMPANY NUMBER: 04625088 (England and Wales)
REGISTERED CHARITY NUMBER: 1095978
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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 2023
----- 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
Detailed Statement of Financial Activities 16
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THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31December2023. 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 2023
ACHIEVEMENT AND PERFORMANCE
FollowingtheendoftheCOVID-19pandemic,theDirectorsweredelightedtobeabletopresent a
FestivalofliveconcertsinJune2023.Wepresentedconcertsinourprincipalconcertvenuesof the
Church of St Peter and St Paul in Peasmarsh and St Mary's Church in Rye.
Artistic activity
The2023Festivalwasthe25thfestivalpresentedinPeasmarsh,includingtheearlyfestivals presented
undertheoriginalnameoftheFlorestanFestivalatPeasmarsh.TheFestivaltookplaceoverfourdays, 22
to 25 June 2023, with education workshops taking place in five local schools during the previous week.
Thefestivalcomprised9concerts,sevenheldattheChurchofStPeterandStPaul,Peasmarsh, East
Sussex,andtwoatStMary'sChurch,Rye.Weweredelightedtocontinueoureducationpartnerships with
Winchelsea, Icklesham, Rye, Peasmarsh and Beckley Primary Schools.
InadditiontoAnthonyMarwood(violin)andRichardLester(cello)theartistsperformingatthe Festival
were:
Simone van der Giessen, viola
Stefan Kassomenos, piano
Alexander Madzar, piano
Samuel West, actor
The Kleio Quartet
The Valo Quartet
Britten Sinfonia
ItisacentralaimoftheCompanytoinviteartistsofthehigheststandardtothefestivaleachyear, which
wasachievedthroughtheseinternationallyacclaimedguestperformers.Additionally,theFestival always
supportsyoungprofessionalmusicians,givingthemperformanceopportunitiestodeveloptheir careers
asprofessionalmusicians.In2023,theawardwinningKleioQuartetjoinedusand,inaddition to
performinganumberofworksduringtheFestival,alsoworkedwithchildrenparticipatingin our
education programme.
TheFestivalaimstoincludeacombinationoftraditionalandlessfamiliarrepertoireeachyear.In 2023
ourpublicperformancesincludedworksbycomposersrangingfromMozarttoSaint-Saëns,Shönberg to
Adès, and works by both Felix and Fanny Mendelssohn.
Education projects
In2023theCompanycontinuedtoworkwithincludefivepartnerschools,RyePrimary,St. Thomas'
Winchelsea,IckleshamPrimary,BeckleyChurchofEnglandPrimarySchoolandPeasmarshChurch of
EnglandPrimarySchool.Theprojectconsistedofworkshopsineachschoolledbyexperienced Education
ProjectLeaderSamGlazer,accompaniedbymembersoftheKleioQuartet.Theparticipating children
werebroughttogetherintoalarge-scaleculminationconcertinSt.Mary'sChurchinRye.Anaudience of
around250teachers,parentsandfestivalsupportersattendedthisconcert,whichwasverywell received
by all who attended.
WeareverygratefulforthesupportwereceivedfromRotherDistrictCouncilandtheLittleCheyne Court
WindFarmLtd.,operatedbyInnogyRenewablesUKLimitedandco-ordinatedbySussex Community
Foundation,theKowitzFamilyFoundation,ArtsSocietyHighWealdandtheRudiMartinusvan Dijk
Foundation to fund our education work.
Principal Achievements, and their financial impact
The principal achievements of The Peasmarsh Chamber Music Festival Trust during 2023 were as follows:
-Presentationofninehighqualitypublicconcerts,deliveringsignificantpublicbenefittothemembers of
theaudiencethroughtheirattendanceattheFestival.Anumberoftheseconcertswerewellsold,and we
were able to increase box office income relative to 2022.
-AnumberofnewsupporterswereinvitedtosupporttheCharityin2023,followingourfundraising event
in November 2022.
-EducationworkshopswereheldatRye,Winchelsea,Icklesham,BeckleyandPeasmarshPrimary Schools
marking a significant broadening of our education programme and creation of new partnerships
Page 2
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
-OureducationculminationconcertinStMary'sRyebroughtallfiveschoolstogetherforthefirst time.
This concert format was very well received by all five schools.
FINANCIAL REVIEW
Reserves policy
TheaimoftheTrusteeshasbeentoretainsufficientreservestocoverapproximatelysixmonths of
operatingexpenses.Inordertoachievethis,theCompanygenerallyraisesfundstocoverthecosts of
thePeasmarshChamberMusicFestivalnotcoveredfromticketsalesthroughattractingdonations from
FriendsandPatronsaswellasdonationsfromgrant-givingtrusts,withtheaimofgeneratinga small
contributiontoreserveswherepossible.ThisalsoenablestheCompanytoinvestinmore significant
artisticprojectsfromtimetotimewhilecreatingincreasedfinancialresiliencefortheCompany. Thanks
tothereceiptoftwosignificantlegaciesduringthepastfewyears,thelevelofreservescurrently exceed
theagreedminimumlevel.Thetrusteesbelievethatthelevelofgeneralreservesisbothsufficient to
meet these aims, and to provide some financial support in continuing uncertain times.
Thetrusteesaremindfulofincreasinginterestrates,andassuchsincetheyearendtheCharity has
invested£97,954inaninterestbearingfixedtermdepositaccount.Thisamountrepresentsthetotal of
legacyfundsreceivedin2021and2022.Includingaccruedincrease,thisamounthadincreased to
£99,485 at the end of 2023.
Financial Review
Theincomeofthecompanyisgenerallyderivedfromticketsalesforpublicconcertperformancesas well
asdonationsfromgrant-givingcompaniesandsupportfromindividuals.TheCompanyis particularly
gratefultoFriendsandPatrons,andotherindividualdonorsfortheircommitmenttothe Peasmarsh
ChamberMusicFestival.During2023,theCharitywasdelightedtowelcomebackanumberof Friends
andPatrons,whosesupportisinvaluable.At31December2023theCharity'sreservesstood at
£142,086,including£99,485legacies,whichhavebeenplacedinadesignatedfundasdescribed further
below.
During2023theFriendsandPatronsofthePeasmarshChamberMusicFestivaldonated£47,295 (2022:
£47,944)tosupportthefestival.Thecompanyalsobenefitedfromadditionalgiftaidof£7,582 (2022:
£9,096). The company secured grants totalling £5,000 in 2023 (2022: £5,600).
Thetotalincomeofthecompanyfromallsourceswas£96,777(2022:£160,743);theprincipal change
camefromthefactthatwehadreceivedasignificantlegacyin2022,whichwasnotrepeatedin2023. At
theendoftheperiodthecompanyhad£142,085(2022:£149,125)inunrestrictedfundsand£0 (2022
£0)inrestrictedfunds,therestrictedfundssecuredforeducationhavingbeenspentoneducation work
during the year.
Page 3
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
FUTURE PLANS
InJune2024,thePeasmarshChamberMusicFestivalwasabletotakeplaceasinpastyears,witha very
successfulfourdaysofconcerts.CapacitywasincreasedinbothPeasmarshandRyechurches.Nine live
concertswereheldacrossfourdays,includingalargescaleeducationperformanceinStMary'sChurch in
Rye which brought performers together from around 150 participants in our five partner schools.
OurpartnerschoolsallundertookworkshopsinMayandJune2024,andallfivepartnerschools have
indicatedtheirenthusiasmforacontinuinginvolvementintheCharity'seducationalprogrammein future
years.
Itisintendedthatinfutureyearsthecompanywillagainsupportafourdayfestivalofchambermusic, at
whichAnthonyMarwoodandRichardLesterwillperformandinviteotherleadingmusicianstojoin them
in presenting an eclectic programme of classical music.
ThetrusteesareverygratefultoallthosesupporterswhohavedonatedtotheCompanyduring 2023.
Thereceiptofsignificantlegaciesinboth2022and2021hasenabledtheCharitytomake some
ambitiousplansforthefuture.TheTrusteeshaveallocatedtheselegacyfundsintoadesignatedfund to
support specific 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 from 2025 onwards 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
considerthedetailedoperationsofthecompanyandtheassociatedrisksattheirregular trustees'
meetings. A detailed risk assessment is carried out each June ahead of the annual Festival.
Page 4
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
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
D Brierwood - appointed 22.03.23
G Dunning KC
V Dyer
R Jennings
P Millett
S Mortimore KC (Chair)
D A Rowland - appointed 20.12.23
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 25 September 2024 and signed on its behalf by:
G Dunning - 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 2023.
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.
Mr David Ashby
The Association of Chartered Certified Accountants
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
26 September 2024
Page 6
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
48,316
Charitable activities
4
Peasmarsh Festival Ticket sales
31,591
Programmes and advertising
2,757
Gift Aid
7,582
Investment income
3
1,531
Total
91,777
EXPENDITURE ON
Charitable activities
5
Programmes and advertising
9,482
Concerts & Education programmes
84,633
Other
2,283
Total
96,398
NET INCOME/(EXPENDITURE)
(4,621)
Transfers between funds
12
(2,419)
Net movement in funds
(7,040)
RECONCILIATION OF FUNDS
Total funds brought forward
149,125
TOTAL FUNDS CARRIED FORWARD
142,085 |
Restricted
fund
£
5,000
-
-
-
-
5,000
-
7,419
-
7,419
(2,419)
2,419
-
-
- |
2023
Total
funds
£
53,316
31,591
2,757
7,582
1,531
96,777
9,482
92,052
2,283
103,817
(7,040)
-
(7,040)
149,125
142,085 |
2022
Total
funds
£
115,702
33,364
2,581
9,096
- |
|
|
|
160,743 |
|
|
|
6,790
87,625
2,455 |
|
|
|
96,870 |
|
|
|
63,873
- |
|
|
|
63,873
85,252 |
|
|
|
149,125 |
The notes form part of these financial statements
Page 7
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
BALANCE SHEET 31 DECEMBER 2023
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
10
9,769
Cash at bank and in hand
144,297
154,066
CREDITORS
Amounts falling due within one year
11
(11,981)
NET CURRENT ASSETS
142,085
TOTAL ASSETS LESS CURRENT
LIABILITIES
142,085
NET ASSETS
142,085
FUNDS
12
Unrestricted funds
TOTAL FUNDS |
Restricted
fund
£
-
-
-
-
-
-
- |
2023
Total
funds
£
9,769
144,297
154,066
(11,981)
142,085
142,085
142,085
142,085
142,085 |
2022
Total
funds
£
9,823
149,752
159,575
(10,450)
149,125
149,125
149,125
149,125
149,125 |
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 December 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 December 2023 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
25 September 2024 and were signed on its behalf by:
G Dunning - 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 2023
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 2023
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
811 |
|
|
|
continued...
Page 10
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
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: |
|
|
|
2023 |
2022 |
|
Other |
|
|
resources |
Total |
|
expended |
activities |
|
£ |
£ |
Insurance |
653 |
710 |
Post, stationery and office supplies |
158 |
289 |
Bank charges |
263 |
209 |
Sundries |
13 |
35 |
Accountancy |
1,196 |
1,212 |
|
2,283 |
2,455 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023 nor
for the year ended 31 December 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2023norforthe year
ended 31 December 2022.
8. STAFF COSTS
Therewerenoemployeesorstaffcostsfortheyearended31December2023norforthe year
ended 31 December 2022.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
110,102
Charitable activities
Peasmarsh Festival Ticket sales
33,364
Programmes and advertising
2,581
Gift Aid
9,096
Total
155,143
EXPENDITURE ON
Charitable activities
Programmes and advertising
6,790
Concerts & Education programmes
82,333
Other
2,455
Total
91,578
NET INCOME
63,565
Transfers between funds
308
Net movement in funds
63,873 |
Restricted
fund
£
5,600
-
-
-
5,600
-
5,292
-
5,292
308
(308)
- |
Total
funds
£
115,702
33,364
2,581
9,096 |
|
|
160,743 |
|
|
6,790
87,625
2,455 |
|
|
96,870 |
|
|
63,873
- |
|
|
63,873 |
continued...
Page 11
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
RECONCILIATION OF FUNDS
Total funds brought forward
85,252
TOTAL FUNDS CARRIED FORWARD
149,125
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 1/1/23
in funds
£
£
Unrestricted funds
General fund
51,171
(6,152)
Designated funds
97,954
1,531
149,125
(4,621)
Restricted funds
Restricted Funds
-
(2,419)
TOTAL FUNDS
149,125
(7,040) |
- |
continued
Restricted
fund
£
-
-
2023
£
9,564
205
9,769
2023
£
2,551
8,350
1,080
11,981
Transfers
between
funds
£
(2,419)
-
(2,419)
2,419
- |
Total
funds
£
85,252
149,125
2022
£
9,693
130
9,823
2022
£
2,320
6,950
1,180
10,450
At
31/12/23
£
42,600
99,485
142,085
-
142,085 |
Total
funds
£
85,252 |
|
|
|
|
149,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
Page 12
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
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 |
Incoming
resources
£
90,246
1,531
91,777
5,000
96,777 |
Resources
expended
£
(96,398)
-
(96,398)
(7,419)
(103,817) |
Movement
in funds
£
(6,152)
1,531
(4,621)
(2,419)
(7,040) |
|
|
|
|
Comparatives for movement in funds
At 1/1/22
£
Unrestricted funds
General fund
85,252
Designated funds
-
85,252
Restricted funds
Restricted Funds
-
TOTAL FUNDS
85,252
Comparative net movement in funds, included in the above
Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted Funds
TOTAL FUNDS |
Net
Transfers
movement
between
in funds
funds
£
£
5,611
(39,692)
57,954
40,000
63,565
308
308
(308)
63,873
-
are as follows:
Incoming
Resources
resources
expended
£
£
97,189
(91,578)
57,954
-
155,143
(91,578)
5,600
(5,292)
160,743
(96,870) |
At
31/12/22
£
51,171
97,954
149,125
-
149,125
Movement
in funds
£
5,611
57,954
63,565
308
63,873 |
|
|
|
continued...
Page 13
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted Funds
TOTAL FUNDS |
At 1/1/22
£
85,252
-
85,252
-
85,252 |
Net
movement
in funds
£
(541)
59,485
58,944
(2,111)
56,833 |
Transfers
between
funds
£
(42,111)
40,000
(2,111)
2,111
- |
At
31/12/23
£
42,600
99,485
142,085
-
142,085 |
|
|
|
|
|
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Designated funds
Restricted funds
Restricted Funds
TOTAL FUNDS |
Incoming
resources
£
187,435
59,485
246,920
10,600
257,520 |
Resources
expended
£
(187,976)
-
(187,976)
(12,711)
(200,687) |
Movement
in funds
£
(541)
59,485
58,944
(2,111)
56,833 |
|
|
|
|
Transfers between funds
Thetransferfromtherestrictedtounrestrictedfundsrepresentsthecontributiontothecostto the
Charity of administering the education projects.
13. RELATED PARTY DISCLOSURES
Thetotalamountofdonationsreceivedfromtrusteesduringtheyear,withoutconditions, totalled
£4,550 (2022: £10,180).
continued...
Page 14
THE PEASMARSH CHAMBER MUSIC
FESTIVAL TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. CONTINGENT ASSETS
Thecharitywasnotifiedofalegacyduringtheyearof£11,818whichwasnotreceiveduntil after
the year end.
Page 15