||Page|
|---|---|
|Reference and administrative<br>details||
|Report ofthe trustees||
|Independent<br>Examiner's report||
|Statement ofFinancial Activities||
|Balance sheet||
|Notes tothe accounts|8-13|
|Detailed Statement ofFinancial Activities|14-15|





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|FOR THE YEAR ENDED 30SEPT|EMBER2022||||
|---|---|---|---|---|
||||2022Total||
||||unrestricted|2021Total|
|||Notes|funds|funds|
||||E|E|
|INCOME AND ENDOWMENTS|FROM||||
|Donations<br>and legacies|||73,308|121,046|
|Charitable<br>activities|||||
|Festival|||261,066|198,775|
|Other trading income|||6,242|13,524|
|Investment<br>income|||21|4|
|Total Income|||340,637|333,349|
|EXPENDITURE ON|||||
|Raising Funds|||592|590|
|Charitable<br>activities|||||
|Festival|||389,516|297,490|
|Total expenditure|||390,108|298,080|
|NET INCOME / (EXPENDITURE)|||(49,471)|35,269|
|RECONCIATION<br>OF FUNDS|||||
|Total funds brought forward|||89,395|54,126|
|TOTAl FUNDS CARRIED FORWARD|||39,924|89,395|





|BROADSTAIRS FOLK WEEK<br>BALANCE SHEET<br>SOSEPTEMBER2022||||
|---|---|---|---|
|||2022Total|2021Total|
|||unrestricted|unrestricted|
||Notes|funds|funds|
|||E|E|
|AXED ASSETS||||
|Tangible assets|10|656|874|
|CURRENT ASSETS||||
|Stock|11|3,184|4,033|
|Debtors|12|9,773|5,997|
|Cash at bank and in hand||36,091|82,961|
|||49,048|92,991|
|CREDITORS||||
|Amounts<br>falling due within 1year|13|(9,780)|(4,470)|
|NET CURRENT ASSETS||39,268|88,521|
|TOTAL ASSETSLESSCURRENT UABIUTIES||39,924|89,395|
|NET ASSETS||39,934|89,393|
|FUNDS||||
|Unrestricted<br>funds||39,924|89,395|
|TOTAL FUNDS||39,924|89,395|





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|2|DONATIONS AND LEGACIES|DONATIONS AND LEGACIES||||||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
||||||f||f|
||Donations||||32,100||29,064|
||Sponsorship||||8,725||6,875|
||Grants||||32,483||85,107|
||||||73,308||121,046|
||Grants received included|in||||||
||the above, are as follows:|||||||
||||||2022||2021|
||||||f||f|
||Job Retention Scheme||||||14,730|
||Thanet District Council||||522||10,512|
||Arts Council - Culture Recovery Fund||||17,826||41,594|
||Arts Council||||||1,473|
||Broadstairs<br>&StPeters Town||Council||7,000||5,000|
||KCC Members Grant||||1,500||1,500|
||KCC Arts Investment||||3,000|||
||Grant Rule Trust||||2,000|||
||Asda||||635|||
||Arts Council Emergency|Fund||||'|10,298|
||||||32,483||85,107|
|3|OTHER TRADING ACTIVITIES|||||||
||||||2022||2021|
||||||f||f|
||Fundraising<br>events||||6,242||13,524|
|4|INVESTMENT INCOME|||||||
||||||2022||2021|
||||||f||f|
||Deposit account interest||||21||4|
|5|CHARITABLE ACTIVITES|COSTS||||||
|||||Direct costs|Support||Totals|
|||||f|f||f|
||Festival|||302,629|86,887||389,516|
|6|NET INCOME/(EXPENDITURE)|||||||
||||||2022||2021|
||Net income/(expenditure)|is|stated after charging/(crediting):||f||f|
||Depreciation - owned assets||||218||120|
||Independent<br>examination||||850||660|
|7|TRUSTEES REMUNERATION||AND BENEFITS|||||





|The following staff costs were incurred:|2022|2021|
|---|---|---|
|Gross salaries|51,067|48,838|
|Employers<br>NI|3,578|3,027|
|Employers<br>pension contributions|1,134|811|
|Total|55,779|52,676|



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|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|ACTIVIllES|||
|---|---|---|---|
||Unrestricted|Restricted|2021Total|
||funds|funds|funds|
||E||E|
|INCOME AND ENDOWMENTS FROM||||
|Donations<br>and legacies|119,573|1,473|121,046|
|Charitable<br>activities||||
|Festival|198,775||198,775|
|Other trading activities|13,524||13,524|
|Investment<br>income||||
|Total|331,876|1,473|333,349|
|EXPENDITURE ON||||
|Raising funds|590||590|
|Charitable<br>activities||||
|Festival|282,762|14,728|297,490|
|Total|283,352|14,728|298,080|
|NET INCOME / (EXPENDITURE)|48,524|(13,255)|35,269|
|RECONCIUATION<br>OF FUNDS||||
|Total funds brought forward|40,871|13,255|54,126|
|TOTAL FUNDS CARRIED FORWARD|89,395||89,395|





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|TANGIBLE FI|XEDASSET|S|S|||||
|---|---|---|---|---|---|---|---|
|||Plant||and|Fixtures and|ONce||
|||machinery|||fittings|equipment|Total|
||||||f||f|
|COST||||||||
|At 1October|2021and 30September 2022||||127|4,848|8,458|
|DEPRECIATION||||||||
|At 1October|2021||2,665||126|4,793|7,584|
|Charge for the year||||218|||218|
|At 30September 2022|||2,883||126|4,793|7,802|
|NET BOOK VALUE||||||||
|At 30September 2022||||500|1|55|656|
|At 30September 2021||||818|1|55|874|
|STOCKS||||||||
|||||||2022|2021|
|||||||f|f|
|Stocks||||||3,184|4,033|
|DEBTORS:AMOUNTS FALUNG DUE WITHIN ONE YEAR||||||||
|||||||2022|2021|
|||||||f|f|
|Trade debtors||||||1,615|1,840|
|Prepayments|and accrued income|||||8,158|4,157|
|||||||9,773|5,997|
|CREDITORS: AMOUNTS||FALUNG DUE WITHIN ONE YEAR||||||
|||||||2022|2021|
|||||||f|f|
|Trade creditors||||||2,388|1,013|
|Social security and other taxes||||||446|457|
|Accruals and|deferred income|||||6,946|3,000|
|||||||9,780|4,470|
|MOVEMENT|IN FUNDS|||||||
|||||||Transfers||
||||||Net movement|between|At|
|||At|1/10/21||in funds|funds|30/9/2022|
||||f||f|f|f|
|Unrestricted|funds|||||||
|General fund|||89,395||(49,471)||39,924|
|Restricted funds||||||||
|Grassroots<br>Live Music||||||||
|TOTAL FUNDS|||89,895||49,471||39,924|



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|MOVEMENT IN FUNDS - cont|in|ued||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||E|E|E|
|Unrestricted<br>funds||||||
|General fund|||340,637|(390,108)|(49,471)|
|Restricted funds||||||
|Grassroots<br>Live Music||||||
|TOTAL FUNDS|||540,6$2|~$$0,20$)|~4$,421)|
|Comparathres<br>for movement|In funds|||||
|||||Net||
||||At|movement||
||||1/10/2020|In funds|At 30/9/21|
|||||E|f|
|Unrestricted<br>funds||||||
|General fund|||40,871|48,524|89,395|
|Restricted funds||||||
|Grassroots<br>Live Music|||13,255|(13,255)||
|TOTAL FUNDS|||54,126|35+69|89,395|
||||Incoming|Resources|INovement|
|Comparative<br>net movement|in funds included above:||resources|expended|in funds|
||||E|E|f|
|Unrestricted<br>funds||||||
|General fund|||331,876|(283,352)|48,524|
|Restricted funds||||||
|Grassroots<br>Live Music|||1,473|(14,728)|(13,255)|
|TOTAL FUNDS|||$55,549|~198,0N|$5,269|
|Acurrent year 12months and||prior year 12months combined|position Isasfollows:|||
|||||Net||
||||At|movement|At|
||||1/10/2020|ln funds|30/9/2022|
||||E|E|E|
|Unrestricted<br>funds||||||
|General fund|||40,871|(947)|39,924|
|Restricted funds||||||
|Grassroots<br>Live Music|||13,255|(13,255)||
|TOTAL FUNDS|||54.126|~24,202)|$9,924|





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|A current year 12months and prior year 12months combined|net movement|in funds,|included<br>in the above:|included<br>in the above:||
|---|---|---|---|---|---|
||Incoming||Resources|Movement||
||resources||expended|in|funds|
|||E|E||f|
|Unrestricted<br>funds||||||
|General fund||672,513|(673,460)||(947)|
|Restricted funds||||||
|Grassroots<br>Live Music||1,473|(14,728)||(13,255)|
|TOTAL FUNDS||$7$,$$$|~$$$,1$$)|~14,$$$j||



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|FORTHE YEAR ENDE|D 30SEPTEMBER2022|||||
|---|---|---|---|---|---|
|||||2022|2021|
||||||E|
|INCOME||||||
|Donations and legades||||||
|Donations<br>and street|collections|||32,100|29,064|
|Sponsorship||||8,725|6,875|
|Grants||||32,483|85,107|
|||||73,308|121,046|
|Charitable<br>activities||||||
|Season tickets, camping<br>and events (including||pubs)||156,008|107,494|
|Craft fair||||37,080|29,531|
|Programmes<br>and other income||||8,489|7,020|
|Merchandise<br>sales||||9,488|10,784|
|Marquee and bar sales||||46,423|40,919|
|Employment<br>allowance||||3,578|3,027|
|||||261,066|198,775|
|Other trading activities||||||
|Fundra ising events||||6,242|13,524|
|Investment<br>income||||||
|Deposit account interest||||21||
|Total incoming resources||||340,637|333,349|
|EXPENDITURE||||||
|Raising donations<br>and legacies||||||
|Sundry||||592|590|
|Charitable<br>activities||||||
|Merchandise<br>and programmes||||13,5&4|9,793|
|Artist fees, expenses|and accommodation|||119,125|72,532|
|Venue hire including|all PA hire|||5,938|5,555|
|Concert area||||74,384|49,140|
|Campsite||||31,503|27,197|
|Craft fair||||29,478|21,866|
|Road closure (parade)||||216|150|
|Marquee bar costs||||22,&53|21,439|
|Performing<br>rights and lottery||||4,048|3,988|
|Outreach||||1,500||
|||||302,629|211,660|
|Support costs||||||
|Wages and other staff costs||||55,779|52,676|
|Rent and rates||||3,925|4,388|
|Insurance||||3,731|4,262|
|Light and heat||||1,709|1,513|
|Telephone||||1,934|2,043|
|Postage and stationery||||2,183|1,687|
|Advertising||||6,442|4,854|
|Sundries||||1,954|3,936|
|Website, computing,|software and corporate|image||3,228|4,917|
|Bank, paypal, online booking and credit card||processing charges||2,924|2,053|
||||Carried forward|83,809|82,329|





|||2022|2021|
|---|---|---|---|
|||E|E|
|Support costs - continued||||
|Brought forward||83,809|82,329|
|Subscriptions||204|231|
|Storage costs||||
|Bad debts written|off|||
|Travel||60|55|
|Professional fees||1,746|1,554|
|Accountancy||850|1,370|
|Depreciation||218|291|
|||&6,887|85,830|
|Total expenditure||390,108298,0$0||
|Net surplus/(deficit)|for the year|(49,471)|33,269|