REGISTERED COMPATrff NUMBER: 04833113 (England and Wales) REGISTERED CHARITY NUMBER: 1099203 REPORT OF THE TRUSTEES AND UNAUDITÉD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE TEfBURY MUSIC FESTNA Randall & Pa8 LLP Chartered Accountants Chargrove House Shurdington Road Cheltenham Glouceslershlre GL514GA
THE TEfBURY MUSIC FESTIVAL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Paga Reference and Admlnigtrativg Dotall$ Report of tho Truste 2 to 4 Indgpgndent Examlnefs Report Statoment of Flnancial AGdvltlg8 Balance Sheet 7 to 8 Notès to tho Flnanclal Statemonts 9 to 14 Detalled Statement of Flnanclal Actlvltles 15
THE TEfBURY MUSIC FESTIVAL REFERENCE AND ADMINISTRAnVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 TRU8TEE8 C C&e (resigned 1111(hQ024) J Gokts A Graves C Wr ¥g C Rose G A Wheeler£8m)Kl {appOIn 16/024} REGISTERED OFFICE Pk Fami shIpt Tell)ury Glos GL8 8PR REGISTERED COMPANY NUMBER 04833113 (Eryland and Wales) REGISTERED CHARrrY NUMBER 1099203 INDEPENDEKf EXAMINER Rall & Payme LLP Charwove House Shurdington Road GL514GA SOUCTfoRS Tannérs Solths Cirencester GIoLKestershw8 GL7 2AX
THE TETBURY MUSIC FESTIVAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Tru8leès present thgir annual report togethar with financFal statements of the Company for the 1 January 2024 to 31 December 2024. The Iruslees confim that the Annual Report and financlal slalements of the wmpany comply Nwth Iha current ststutory requirements, the requirements of the comp8nYs govemlng documanl ond the provision8 of the Slatemonl of Reccfflmended Pra¢ti¢g {SORPI, app1&ble to charf(ie8 preparing their aUnIS tn accordance wlth Financial Reportlng Standard 8ppliGable in the UK and Republic of Ireland {FRS102) (efflIve 1 January 2015) as amended by Update Bullelln 1 {effe¢live 1 January 2015). Slnc• the company qualrfies as 8mall under 8ecllon 383, the strategic report quIred of medium and large companies under The Companles Act 2006 {Strateglc Report and Dlrectorfs Report) Rggulalions 2013 is not requlr¢d. OBJECTIVES AND ACTIVITIE8 ObJ•ctl¥es and actlvltlo8 Thè Objects for which the charty wa8 88tabliBhed are to 'promote, maintain, improve and advance the edu¢atlon of the publlc In the art and sc18n of mu8lc by the pre8ent8tlon of publk concart8 and recltal8.' The T8lbury Music Festival of 2024 consL8ted of fNe concerts over ffva day8, 28th September and 3rd - 6th October 2024, fulfilling tho chartys otyedSves as detailed abova. Publlc hofle The Tru8tee8 ara aware of The Charfty Comml681on'J Public Benafft Nle8 and 118 guiddlnes as lo Inl¢rpr&tstion of the levant Sectlon of the Charities AGI 2011. They ar6 satisfled that the oble¢ts of the Charty and thg aclivllle8 of the charty ar& wllhln the definltlons of Charitablè Purpose8 aB Set down In tho ACL The TnMle88 are not aware of #ny publtc d¢lrlment caused by tho Charitys objects or activities. and nor aro they thvaro of anyone recehing any fomi of prte benefft from the Charty8 actIVles. Volunte•rn The Fesllval conl5nue8 lo b• th• gral&ful btneficlary oltho pro bono work of h TnJ8teas ond •upport•rn. ACHIEVEMENT AND PERFORMANCE R8vl•w of aGtlvltles We agaln pr¢8enled programmes and perfomier8 01 the hlghest artislk 8tandard8, and the Fesllval's reputation lor excellgnce has ¢ontinued to grow. We contlnugd to keep Il¢ket prices a8 b)w aB posslbla (from £10 to £401 atthough f¢x the flrsl time In over ton years, ordfjr to keep up with the r181ng costs wlh whlch we are faced. we Increased our ticket prlce8 on dl seats apart from tha188st expensivo £10 one8. Onco aqaln we offered Ire8 a¢ce¥8 to chlldrgn beon 8 and 16 whan accompanled by an adult. We rem&n proud that a sIgn¢an1 portlon of our aUdnCe com88 from withln a radlu$ of 20 mlles of Tetbury, bul our oudience a180 conBl8t6 01 music loverB from much further afleld. Foll¢Jwlng the succe88 of th8 Saturday prfrconcert lecture slot In pou$ yearyJ. we repeated thi$ fomula this year wllh 8 relevant le¢lurg on the aftemoons of two of tho ¢oncert8 by highly acclalmed indivldual8. were held at tho nearby Tetbury Good8 shed Art8 Contre and the feedback wa8 upllftlng, We am once agaln grateful to the Rev Pauline setterfld and the Tolbury PCC lor all¢Mlng u8 to u86 Sl Mary8. Church for our ¢1Cert&, for whlch prfvilege the Fe8tlval pays a chorg6. FINANCIAL REVIEW Prfnclpal fundlng sources The Friends of thè Tetbury Festival - the 'Dolphins' _ are colleclivety and individually very iMportt donors and supporters. TheSr number8. and thus Ihelr financial support, continue$ to grow each ar Yth the number of ¥ubscriblng Dolphln8 having reached a record 200 in 2024 (up from 182 In 2023). Sir Mortin and Lady Smith In Partular continue to contribute in a mganlngful way by making thelr home available lo the Festival when such a venue Is needed and thgir accompanwn9 hospilaltty18 undoubledty lo the bgneflt of the harity and Its oWecti¥eB, Page 2
THE TETBURY MUSIC FESTIVAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER 2024 FINANCIAL REVIEW Reserves policy Taknig Into eonsideration the restrtctions imposed by Covid in recent years. whlch sh¢Jwed the uncertainty what may happen at any given lime, compounded by thè current C05t of living crisis. the Fe81Nal deems (t prudent to malnlain reservé$ at a18vel al which the Trustees ¢onsider it would be sufficient lo vAth8tsnd a reduction in income for these or any other faGiors that may cause the Festival lo not go ohgad or a material drop in ticket sales. A base level of £40.000 of unre$lricted funds is considered by the trustees to be a minimum prudent reserve to have In the bank at any calendar year erKI. These rwaerves. which we rewew on an ongoing basis, 8nabl8 the Festival to have the confidence to embark on projects which, whik? advancing the standing of the Festival and maintaining its artistic integrty, may carry a degra• of financial risk. Al the erKI of 2024 our serveS stood useftjlly above that £40.000 ba8e level number. As at 31 December 2024, reserves conslsted of £98,878 (2023.. 84,789) genert unrestricted and designated re8ep4es. These are held to enable the continued operatksns of the charty. Golng concern After making appropriate enquiries, the Trustegs Iwo a reasonable expectation that the company has adequ*e resources to continue in operatton exist•n¢g for the foreseeable future. For thi$ reason thoy ontinue to ad¢)pl the going concern basi5 in preparing the finan¢io1 statements. Further details regarding the adoption of the g)ing Con ba818 bo found in the Accounting PolrGw. FUTURE PLANS The charity ¥11 continue to operate in line with historic operations, with the 2025 Tetbury Music Fasllval programme already avallab and featuring 5 concert5 betsveen 27th September and 5th octor. STRUCTUR£ GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by rt8 govemlng document, a deed of trust, arKI con¥titutes a limited Cixnpary. limited by guarantee, 88 defined by the Companies Act 2006. Charfty constltution The company is registered as a ¢haritable company limked by guarantee and was set up by a Memorandum of A880ciation on 10 July 2003. The company is also a registered charty under the number 1099203. The principal object of the company are to promote, malntain. umprove and advance the education of the public in the art and science of music by the PentalkIn of publlc concerts and recitals. Recrultment and appointment of new trustws The management of the company is the responsiblty of the Trustees who 8ra elected arrfl c(wted under the teTm$ of the Aitths ofAssociation. The Tetbury Muslc Festival is govemed by a Board of Trustees; there were seven TNst•es during 2024. This was a year in which Goorge Wheeler4amiichael was appointed as a new trustee, th his appointment formalised at the 2024 AGM on 16th May. 11 was also a year wthen Chri5 Cooke stepped duwn 89 Trustee. There 18 no time l¥nit on the number of years a Trustee may sefv Organi$ational structure The management team induded Orsi Toiiak. a part4ime Festival Administrator. Th8 F8stival employs Concerts Manager, Nicholas Ulbnann. durlng the Festival., th8 ArtisliG DireGtor. jorthan Cohen, receives an Rlsk management The trustees have a duty to identify and revlew the rtsks to which the charity is exposed and to ensu appropriate contro15 are in place to provide reasonabl8 assurarKè agalnst fraud and error. The Board of TnJ8tees is resp)nsibl8 for the rn?nagement of the risks faced by the charity. In the oplnion of the Trustees, however, there are no major risks to whlch the Charity k5 exposed, and ¢ontlnued re3ponsiblg admtnistralion will ensure that there 1$ no budget defKiL Page 3
THE TEf8URY MUSIC FESTIVAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Approved by order of the board of tru8tses ¢)n ...... 131512£12S............... and signed on its behalf ty. C R08e- Trustee Page 4
INDEPENDEKf EXAMINERE REPO1 TO THE TRUSTEES OF THE TETBURY MUSIC FESTIVAL Independent exafflinerfs report tr• th• Intst•s of The Tbry Musk Fesdval IYh• Compan I report lo the ¢arty trustees on my eminat)n the act(nts of th8 Company for the erthd 31 December 2024. R8spoTrslbllitles and bas18 of report As the charitys trustees of the Crynpany (and a180118 dlradrys for the purposes of ccnpary you are responslble for the preparation of th6 accounts in acc(d with the ToquireThnt&of C¢Jmpanie5 Act 2006 2006 Att). Hing 8ati$fd mysew th the acc(yJnts of c¢)MpY are not required to be auditéd under Part 16 of the 2006 Act and are elb31¢ for IndnI examinath)n. I report in reSpt of my examlnatlon of your charitls account8 as carriad oul under Sedion 145 of the Charrtms kt 2011 Ilhe 2011 ACV). In ¢aryying ¢xrt my exwnlnath)n I have folk7Md th8 Dnctions Iwv8n by the cha CLYnmi88ion utlgr Se¢tkn 145(51 (b> of the 2011 A Ind•p•nd•nt •x•MIn• •ttoment I have completed my ex8minatlon. l ¢onflrn that no matters hab7 comè to my attént kn ¢onngGlI with the exwnination gmng me cau881a bell.. 8ceountlng reccrts r#)t kept kn pt of the c •• requ by Sectlon 386 of the 2006 the accounts do not aco)rd with those rords. or the accounts do not compty with tho ace<>untlng requlrements of Section 396 of the 2006 Act other than any requlrement that the a¢¢ounts give a tru8 and fwr vknv which 18 not a matter considered a8 rt of an independent examlnati¢)n; or the accounts have nol been prepar&1 In accord ¥Ah thè m8lhth and princlpl•s of the Stalwn•nt of Rec¢Thmend&J pract for accounting and reporting by charilw IA)plrgble to tharrtl85 preparing Ir accounts in accordance with tho FinartiAI Standwd ¥pplblO In thg UK and Ropubll¢ ol Ireland {FRS 102)}. I haw no conwn¥ and ha cA)mo no MItt in eonnth ith t •xamwthon to 7thlch attenllon should drv•m In report wi ¢xd•r to enable a pr¢w orStandIng of the accounts to b Nmla Calms FCCA, MA4T Randall & Pwo LLP Chartered Accountants Chargrove House Shurdirwn Road Chellenham Gloucestershir GL514GA 2o.1512QZ.5........... Page 5
THE TEfBURY MUSIC FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds UnreslriGted ReslriGted funds funds Not88 INCOhlE AND ENI)OWMENTS FROM Donatlons and legacles 29,296 29,296 31,295 ¢harltabl• acllvllles Tetbury Mu8lc Fo8Uval 63,815 63,815 53,057 It)ve8tsnent Income 1,208 1,208 $82 Totsl 94.319 94,319 84,934 EXPENDITURE ON Ralslng funds 1,125 1.125 7.208 Charltablg actlvltles Telbury Music Festival 79,105 79,SOS 60.435 Tothl 80,230 80,630 67,643 NET INCOMEIIEXPENDITUREI 14,089 (400) 13,689 17,291 RECONCILIATION OF FUNI)3 Total fundj brght lonvard 84,789 400 85,189 67,898 TOTAL FUND8 CARRIED FORWARD 98,878 98,878 85,189 Th8 notes fomi part of these flnanclal slalemer Paga 6
THE TETBURY MUSIC FESTIVAL BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Totsl funds Unrestrfcted Rastricted funds fiJrKI8 CURRENT A8SET8 Debtors Cash at bank 5,528 98,598 5,526 98,596 5,879 90,021 104,122 104,122 95,900 CREDITOR8 Amounts falllng due vAthln one year {5,244) (5,244) (10,711) NET CURRENT A8SEf8 98,878 98,878 8S,189 TOTAL ASSET8 LESS CURRENT UABIUTIES 98,878 98,878 85,189 NEf ASSErs 98,878 98.878 85,189 FUND8 Unrestricted fund8 RtrIct*d furK18 98,878 84,789 400 TOTAL FUND8 98,878 85,189 The charltable company bj enlftlod to exempllon frcffi audlt undor $8ctlon 477 of the C(xnpan188 Act 2006 for the year ended 31 De¢emb•r 2024. Tho member8 hav8 not requlr•d the company to ¢blaSn an audrt of M8 finan¢lal 8tatements for the year ended 31 D•¢embor 2024 In accordance th Section 476 ofth8 Companle8 Act 2006. The tN8ts00 ocknthedge thglr r88ponofollllle$ for {a) on8urlng that Ihe chaTttable company kw8 accounllng records that compty wlth Sectlon6 388 and 387 of the Compenie8 Act 2006 and (b) preparlng financlal stalemgnts which glve 8 true and falr v¢vw of thg State of affolrs of the charltable company 88 at the ond of each financlal year ard of Its SUluB or dCIt for each financlal year In accordance with tho requlremenl8 Qf Sections 394 and 395 and whl¢h 01188 compty with the requlrements of the Compani•s Act 2006 relatlng to flnarKlal 8tatomontS, 80 far 86 applkable to tho charitable compony. Thg noie8 fomi part ofthose financial 5tatmnl$ Page 7 continued...
THE TETBURY MUSIC FE8TNAL BALANCE SHEEf- contlnued 31 DECEMBER 2024 companies subject to the smatl ccrfnpanies wim Thefi lal statents ere apwoved by the Board (rf T and aUt1MyB br issue on and *rre spJned on ts behalf by. C R058- Trus A Graves. Tnjst
The TETBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES Basls of preparlng the financlal statements The financial statements have been prepared in accordance with Accounting and Reportlng by" Charities.. Slatement of Recommended Practice applicable to charltlas preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2015) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable In the UK and Republtc of Ireland IFRS 102) and the Companies Act 2006. The Tetbury Music FestNal meets the definltlon of a public benefft entity under FRS 102. Assets and liabilitles are initially rerngnised at historkal c08t or transaction value unle88 othekwlse stated In th• relevant accountiNJ policy. Company Status The company is a prNats company lynited by guarantee inGoTporated within England & Wales. The ¢ompanl$ registered address and Trustees {aThJ dir8¢tors for Purposes of Company Lav} are detalled on the Referer¢ce and AdministralNe page. In the event of the MpanY being wound up, the liabty in respeci of the gwantee is limtted to £1 pgr member of the compary. The charitvs operations and the principal actmty of the wmpany is to provid? musical concorts and recitals to members of the public. Income All income is recognised in the Statement of Financtal Actsvitses once the d)arity has entluement to the funds. it is probable that the income wlll be recelved and the amount can bè measured reliably. For lggacies, entitlement is tsken as th¢ earfier dale on which either. the company is wware that . probate has been granted. the estste has been finallsed and notifatIOn ha5 been made by the execulorfsl to the Trust Ihal a distribution wlll be made, when a dlstribution Is received from the estate. Receipt of a legacy, in whole or in part is only cons¢dered probable when the amount can be measured reliably and the company has been notffied of the executors irrtention to make a distribution. Where legacies have been notffigd to tho company. or the company is aware of the granting of probate, and the criteria for incomé recognition hav8 not been met, then the legacy 18 treated 88 a contingent asset and dkloSed if material. Donated services or fa¢llities are recognlsed when the cunpany has control over the item, any cOndlOnS associated Iwth the donal8d item have been met. the ft¢eipt of economic benefrt from the use of the company of the item is probable and that econ¢Jnk benefit can be meagured reliably. In accordance with the Charities SORP (FRS 1021, the general volunteer twne of the Friends is rv r¢Gogni8ed and referto the Trustees. report for more inf0rnatn about their contrbi Lrtlon. On receipt. donated professional $8M¢èS and donated fadlrfes are recogn18ed on the basi8 of the value of the gfft to the company which 1$ the amounl th¢ company wtyjld have been wllloig to pay to obtaln services or facilities of equivalent benefil on Ihe open market. a corresponding amount is then recagnised in expendiiuro in the period of rÈcelpL Interest on fijnds held on deposit is induded when re¢elvabk and the amount can bg mgasured rellably by the company. this is nomialty upon nolfficatton of Interest pakl or payable by the b8nk. Income tax IO¥eoble in relation to donations receiwd under GWI Ald or deeds of Covenant 18 reGogni¥ed * the time of the donation. Income tax recoverabte in relation to investrnent income is recognised at the tlme the Investment income is receNable. Page 9 continued...
THE TETBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIE8- contlnu•d Exp8ndltur• Expgndilure is recognised once there Is a I0[ or nStrUctive obligation to transfer economlc benefft lo a third party. it is probable that 8 transfer of eGonomiG benefts will be required in settlement and the amount of the obligation can be me&*ud rellabty. Expenditure is classrfied by activity. The costs of each actlvity are made up of the total of dlre¢t ¢o$l$ and shared costs, including support costs invo In und8rtaking each activty. Dlrect cost$ attributable to a single actlvity ar8 allocated directly lo that a¢tivty. Shared costs which contribute to more than one actiwty and support Costs whlch are not attribulabla to a 81ngle 8Gtfvlty are apport¢oned betsveen th088 aclfvilles on a basis consistgnl with the use of resources. Admlnlstrallva eosts are allocated on the ba818 of tlm? Sp[ and depreGlatlon ¢harge5 alloGated on the portl¢)n of the 888et'$ u89. Support costs are those costs Incurred dlrectly In 8UPPgrt of expendlture on the object8 01 the company and include project man8gemenl caffied out al Headquarters. CoBts of generatkng fund8 ar6 sts kncurred In attradlng volurrtary income, and those SnuJrred in Iradlng tivit88 th81 rai86 funds. Chgrlabb actlvities and Governance costs are c08ts Incurred on tho companys opgratSon8, Including 8upport C08t& ond costs relallno10 tho govomance of the compary apportl¢)ned lo charitabh actlvllle8. Taxatlon Tha company18 consldered to pa88 the tests #at out In Paragraph 1 Schedule 8 of the Finance Act 2010 #nd therefore 5t meets the dgfinition of a ch8rltsble company for UK CorporAtlon Tax purposes. Ac¢ordlngly, the company 18 PQtenllal]y exempl from taxatlon In re8P8Ct of inrne or capltal gain$ rvA6ved wllhln categorles Covered by Chapter 3 Part 11 of the Corporallon Tax Act 2010 OT Sectlon 2S6 of the Taxalk)n of Charggable Galns Ad 1992, lo tho axt•nl that •u¢h Income or galns are appllod exduslvely to charmable purpose4. Fund accountlng Géneral funds are unro8ldcted fund8 whl¢h are avallable for use at th• dlscretlon ol tho TruJtee8 In further8n¢o of the general oble¢tlve8 of the ¢omp8ny and whkh havo not been de81gnatad other purposes. Deslqnated funds comprfse unrestrfct8d fvnd$ that have bean set aslda by the TNslo08 for partlcular piJrp0668. Th6 aim and u88 of each d88lgnated fund16 sel out in the notes lo the financial statement8. Restrktsd fund8 are fund8 whlch are to bo u8ed In Rccord8nce wlth 8pecM¢ re$lrictlon8 hnp08ed by donor8 or whl¢h have b88n ral8ed by the company for partiuilar purpose8. Thè ¢osts of ralslng and admSni8terlng such finds are charged agalnot the 8pecWk fund. The alm end of each re6tr1cted fund 1$ set out In the notes to the finan¢lal stalem8nl$. Inv88tment Ir¢come, gain8 and105888 are allocatsd to thg approprhts fund. Addlllonal pollcl Golng conc•m There are no material uncertalnties that may ¢asl signfficant d¢)ubt on the Charitls ablltty to continue as a going conc8m. The tru8tee5 are of the opinion that reserves remain Suff11 for the objectlves of the Charity to be a¢hleved In the next 12 months. Debtorn Tradè and other debtors are r8cognl$ed at Ihg settlement amount after any Irado dlscount offered. Prepwnenls are valued at the amount pTykJ net of any trade diswunts due. Cash at bank and In h•nd Cash al bank and in hand includgs cash and Short temi highly Ilquid Investments vAth a 8hort maturfty of three month8 or ths from th• date of acqulsttlon or ¢Jpenlng of the deposlt or similar account. Llabllltle8 and provlslo Pag810 contlnued...
THE TEfBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENfs - Mntlnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES- contlnu•d Addltlon•l pollclos abilities are recognised 7hthen there Is an d)rUati at Bdanc£ slet de as a result of a past event. il is prcknable a transfer of econom benefjt knryl] be required wi sethemenL thè amount of the settlement tan be estlmated refw. Liabffitie8 are recrfjnised at the amount that the company anticipates it wll pay to settle the debt or the amount tt has recelbd as adv4n¢gd payments for the good or seNces it must pThde. Promi¢$ are measured at the best estimate of thg amounts required to Sett the OKdatKJn. Whern thé effect of the tim& value of money Is materlal. th& provision is based on the present value of Itthe am¢)unts, disc¢)unted at the prfrtax discount rate th rellèct$ the risks 8pecrf to the lithkty. The the dlscount is recognl8ed within interetst poyable and simikn charges. Flnanclal Instrum•nts The company onty has financial a88et8 and finar liabli1188 of a klnd thal qu811fy a8 flnarteial Imtruments. Ba¥ic financial in$tnmients are inrt• rncognised at transa¢ffi value and 8ub8equ8nlty mo88ured at Ih•r tsettlement vdu8 ith the ex¢eptK)n of bank k8ns arn subsequenlly measured at amortlsed c08t dfecthm kntere&t mhod. DONATION8 AND LEGAcies 2tr24 2023 Donations Glft aid 23,TTO 5,526 25,416 5,879 29,2 31.295 INVE8TMeNT INCOME 2024 2023 Deposit accourt Intere61 1.208 TRUSTEE8' REMUNERATION AND BENEFrrs Thern wdre rK+ Irustew, romun•rnlion or cther benefts for the yaar end•d 31 D•¢thnb8r 2024 n¢x for tho ended 31 Oecember 2W23. w•r• no tru8teu' expen8e8 pfjid for th• yow onded 31 Dwibor 2024 nor for thg sw onded 31 Doeber 2023. COMPARATIVES FOR TrE STATEMENT OF FINANCIAL ACTMTIES Total lund8 fvnds fund$ INCOME AND ENDOWMENTS FROM Octt)atns and legacles 31.295 31,295 Charllable acllvltlgs Tetbury Muslc Festtv 53,057 53.OSI Investrnent incc#ne 84.934 EXPENDITURE ON Page 11 cOntind...
ThE TETBURY MUSIC FESTNAL NOTES TO THE FINANCIAL STATEMEpifs . contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES- continued Unrestricted Restricted fvnds Tota fuThJs Rash furK 7208 7.208 Charltable actlyltleg Telbury MU¢ Festival f4).435 60.435 Tolal 67.643 67,643 NET INCOME 17.291 17,291 RECONCIUATION OF FUNDS T¢)lal tunds bIght foThvard 67.498 400 TOTAL FUNDS CARRIED FORWARD 84.789 85.189 DEBTOR8: Amouiifs FALUNG DUE WITHIN ONE YEAR 2024 2023 Other d*tors 5.526 5,879 CREDITORS: Amoupifs FALUNG DUE VIIThIN ONE YEAR 2024 2023 1.740 1.180 Other creditors 9,531 5.244 10,711 MOVEMENT IN FUNDS Net movement in fvjnds At 111r24 31112124 Ufirostrlctod fvnd8 General fund David Th¢ynas Trnt 74.789 10.IXJO 24.089 (10,000) 98.878 84.789 14,089 98.878 R8stricted funds MUS in locd school$ 1400) TOTAL FUNDS 85,189 13.689 98,878 Page 12 ¢tinued...
THE TEfBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMEPITS- contlnuod FOR The YEAR ENDED 31 DECEMBER 2024 MOVEMEKf IN FUNDS- contlnued Not moNYmgnt in funds. Irt1 in the abo% are as folkms: In fund$ Unrmtrfctsd funds General furvj ' David Thomas Trust 94.319 (70.2301 (10,0(M)) 24.089 (10.OLKI) 94.319 (80,2301 14,089 RWtrIct funds Mu81¢ In to¢al 8ctr#x {400} {4) TOTAL FUNDS 94,319 {80,830) 13,689 At 111r23 Sn funds 31n2Q3 Unv••trkt•d funds Generd furKI David Thomas TnMI 47,498 20.0fy) 27,291 (10,OryJ) 74.789 10,000 67.498 17291 84,789 Re•trl¢t•d fvnd• Mu•le In kKal sthooli 400 TOTAL FUNDS 17.291 85,189 C(mparatl¥e net movemant In fund•. Ind18d kn Ihel above are as foM: eXpd8d h funds Unro*trfct•d fund• General fund DavKI TIna• TrLMt 157.6431 {10,0001 27.291 (10,1)XI) 84.934 {67.643) 17.291 TOTAL FUND8 84,934 167.643) 17,291 Page13 ¢tinUed...
THE TEf8URY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- continu¢d FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- contlnued A current year 12 months and wioryear 12 months combined pos6t11 is as foll¢v•VS.' Net movement in funds At 111r23 31112r24 Unrestrlcted funds General fund David TM83 Trust 47,498 20,000 51.380 I20.Cl0) 98,878 67,498 31,380 98,878 Restricted funds Music In local schools 4fM) (400) TOTAL FUNDS 67,898 30.980 98,878 A current year 12 months and prior year 12 months combined net m¢)vement In funds. Th)¢luded in the above are as follows.. Incoming resources Resources Movgrnenl expended in funds Unr•strlct•d funds General fund David Thomas Trust 179,253 1127,8731 120,0001 51.380 {20,O¢yJ) 179.253 (147.873) 31,380 Restrlct•d funds Muslc In l¢)cal schools {400) (400) TOTAL FUNDS 179,253 1148.273) RELATED PARTY DISCLOSURES A number of Trustees and thgir close famity members are also members of the Dolphin Membership Scheme and pay the relevant membership subscriptions. These 8ub$Griptions, and for 2024 donations, amounbj to £1,250 {2023- £1,375} In the year ended 31 December 2024. There were no outstandin9 babn¢e5 Wth related parttes at 31 De*mb6r 2024. Page 14
THE TETBURY MUSIC FESTIVAL DEfAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENOOWMENTS Donatlons and legacles Donations Gift aid 23,T/O 5,526 25,416 5.879 29.296 31.295 Investment Income Deposit account Interest 1.208 Charttablo a¢tlvltl8s Festival ticket sales Sale of wine and programmes Grants and sponsoTship Olher income 40.770 4.24S 18.800 33,8n 4,749 14,300 136 63,815 53.OS7 Total Incomln9 regouv¢eg 94,319 84,934 EXPENDrruRE Ralslng donations and legacles Admlnlstratfve eypen8e8 1,125 7,208 Charltable actfvitlos Ticket sale fees Artist fees and expenses Catertrwj and refreshment Other festNal expenses Marketing ExaminatK)n fe8S Music in local Schools 1,284 45.696 3,575 15.658 10.784 1.908 600 32.446 3,251 14.325 8.679 1,734 79.505 60,435 Total resources exwded 80.630 67,643 Net Income 13.689 17,291 Thls page does not fomi part ofthe Statutory financial statemer Page 15