| Page | |
|---|---|
| Reference and administrative details |
|
| Report ofthe trustees | |
| Independent Examiner's report |
|
| Statement ofFinancial Activities | |
| Balance sheet | |
| Notes tothe accounts | 8-12 |
| Detailed Statement ofFinancial Activities | 13-14 |
| BROADSTAIRS FOLKWEEK STATEMENT OF FINANCIAL ACTIVmES FORTHE YEAR ENDED $0SEPTEMBER2023 |
|||
|---|---|---|---|
| 202$Total | 2022Total | ||
| unrestricted | unrestricted | ||
| Notes | funds | funds | |
| E | E | ||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
60,828 | 73,308 | |
| Charitable activities |
|||
| Festival | 221,404 | 261,066 | |
| Other trading income | 26,566 | 6,242 | |
| Investment income |
465 | 21 | |
| Total Income | 309,263 | 340,637 | |
| EXPENDITURE ON | |||
| Raising Funds | 575 | 592 | |
| Charitable activities |
|||
| Festival | 292,727 | 389,516 | |
| Total expenditure | 293,302 | 390,108 | |
| NET INCOME / (EXPENDITURE) | 15,961 | (49,471) | |
| RECONCIATION OF FUNDS |
|||
| Total funds brought forward | 39,924 | 89,395 | |
| TOTAL FUNDS CARRIED FORWARD | 55,885 | 39,924 |
| BROADSTAIRS FOLKWEEK BALANCE SHEET 30SEPTEMBER2023 |
|||
|---|---|---|---|
| 2023Total | 2022Total | ||
| unrestricted | unrestricted | ||
| Notes | funds | funds | |
| E | E | ||
| FIXEDASSETS | |||
| Tangible assets | 10 | 492 | 656 |
| CURRENT ASSETS | |||
| Stock | 11 | 5,411 | 3,184 |
| Debtors | 12 | 5,508 | 9,773 |
| Cash at bank and in hand | 59,266 | 36,091 | |
| 70,185 | 49,048 | ||
| CREDITORS | |||
| Amounts falling due within 1year |
13 | (14,792) | (9,780) |
| NET CURRENT ASSETS | 55,393 | 39,268 | |
| TOTAL ASSETS LESSCURRENT UABIUTIES | 55,885 | 39,924 | |
| NET ASSETS | 55,885 | 39,924 | |
| FUNDS | |||
| Unrestricted funds |
55,885 | 39,924 | |
| TOTAL FUNDS | 55,885 | 39,924 |
| The following staff costs were incurred: | 2023 | 2022 |
|---|---|---|
| Gross salaries | 47,270 | 51,067 |
| Employers NI |
3,919 | 3,578 |
| Employers pension contributions |
1,162 | 1,134 |
| Total | 52,351 | 55,779 |
| TANGIBLE FIXEDASS | ETS | ||||||
|---|---|---|---|---|---|---|---|
| Plant | and | Fixtures | and | Office | |||
| machinery f |
fittings f |
equipment f |
Total f |
||||
| COST | |||||||
| At 1October 2022 and 30September 2023 | 3,483 | 127 | 4,848 | 8,458 | |||
| DEPRECIATION | |||||||
| At 1October 2022 | 2,883 | 126 | 4,793 | 7,802 | |||
| Charge for the year | 164 | 164 | |||||
| At 30September 2023 | 3,047 | 126 | 4,793 | 7,966 | |||
| NET BOOK VALUE | |||||||
| At 30September 2023 | 436 | 55 | 492 | ||||
| At30September 2022 | 55 | 656 | |||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Stocks | 5,411 | 3,184 | |||||
| DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Trade debtors | 1,226 | 1,615 | |||||
| Prepayments and accrued income |
4,282 | 8,158 | |||||
| 5,508 | 9,773 | ||||||
| CREDITORS: AMOUNTS FALUN6 DUE WITHIN ONE YEAR | |||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Trade creditors | 8,130 | 2,388 | |||||
| Social security and other taxes | 1,074 | 446 | |||||
| Accruals and deferred | income | 5,588 | 6,946 | ||||
| 14,792 | 9,780 |
| MOVEM | ENT | IN FU | NDS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net | |||||||||||||
| movement | in | ||||||||||||
| At | 1/10/22 | funds | At$0/9/202$ | ||||||||||
| f | f | f | |||||||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 39,924 | 15,961 | 55,885 | |||||||||
| TOTAL | FUNDS | $9,924 | 15,961 | SS+85 | |||||||||
| Incoming | Resources | Movement | |||||||||||
| resources | expended | in | funds | ||||||||||
| f | f | f | |||||||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 309,263 | (293,302) | 15,961 | |||||||||
| TOTAL | FUNDS | 30946$ | ~29&02 | 15,061 | |||||||||
| Net | |||||||||||||
| movement | In | ||||||||||||
| I | n | At 1/10/2021 | funds | At $0/9/2022 | |||||||||
| f | f | f | |||||||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 89,395 | (49,471) | 39,924 | |||||||||
| TOTAL | FUNDS | 89+95 | (49+71) | $9,924 | |||||||||
| Incoming | Resources | Movement | |||||||||||
| Comparative | net movement | in | funds included above: | resources f |
expended f |
In | funds f |
||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 340,637 | (390,108) | (49,471) | |||||||||
| TOTAL | FUNDS | $40,6$2 | ~$90,10$ | ~(49,471 | |||||||||
| Acu | n | ar | monthsand | rior e r12month | ln | ition Isas follows: | |||||||
| Net | |||||||||||||
| movement | in | ||||||||||||
| At 1/10/2021 | funds | At 30/9/202$ | |||||||||||
| f | f | f | |||||||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 89,395 | (33,510) | 55,885 | |||||||||
| TOTAL | FUNDS | 89+95 | ($$,510) | SS+SS | |||||||||
| A current year 12months | and | prior year 12months combined | net movement | in funds, | included in the above: |
||||||||
| Incoming | Resources | Movement | |||||||||||
| resources | expended | In | funds | ||||||||||
| f | f | f | |||||||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 649,900 | (683,410) | (33,510) | |||||||||
| TOTAL | FUNDS | 649,900 | ~609/10) | ~$$,5201 |
| 202$ | 2022 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| INCOME | |||||
| Donations and legades | |||||
| Donations and street | collections | 27,273 | 32,100 | ||
| Sponsorship | 11,555 | 8,725 | |||
| Grants | 22,000 | 32,483 | |||
| 60,828 | 73,308 | ||||
| Charitable activities |
|||||
| Season tickets, camping and events (including | pubs) | 104,906 | 156,008 | ||
| Craft fair | 41,535 | 37,080 | |||
| Programmes and other income |
8,366 | 8,489 | |||
| Merchandise sales |
11,569 | 9,488 | |||
| Marquee and bar sales | 51,109 | 46,423 | |||
| Employment allowance |
3,919 | 3,578 | |||
| 221,404 | 261,066 | ||||
| Other trading activities | |||||
| Fundraising events |
26,566 | 6,242 | |||
| Investment Income |
|||||
| Deposit account interest | 21 | ||||
| Total Incoming resources | $40,6$7 | ||||
| EXPENDITURE | |||||
| Raising donations and legacies |
|||||
| Sundry | 575 | 592 | |||
| Charitable activities |
|||||
| Merchandise and programmes |
14,845 | 13,584 | |||
| Artist fees, expenses and accommodation | 72,895 | 119,125 | |||
| Venue hire including | all PA hire | 9,617 | 5,938 | ||
| Concert area | 16,290 | 74,384 | |||
| Campsite | 32,826 | 31,503 | |||
| Craft fair | 30,124 | 29,478 | |||
| Road dosure (parade) | 284 | 216 | |||
| Marquee bar costs | 24,905 | 22,853 | |||
| Performing rights and lottery |
3,831 | 4,048 | |||
| Outreach | 1,500 | ||||
| 205,617 | 302,629 | ||||
| Support costs | |||||
| Wages and other staff costs | 52,351 | 55,779 | |||
| Rent and rates | 5,428 | 3,925 | |||
| Insurance | 3,583 | 3,731 | |||
| Ught and heat | 2,124 | 1,709 | |||
| Telephone | 3,137 | 1,934 | |||
| Postage and stationery | 1,923 | 2,183 | |||
| Advertising | 4,593 | 6,442 | |||
| Sundries | 2.223 | 1,954 | |||
| Website, computing, | software and corporate | image | 3,112 | 3,228 | |
| Bank, paypal, online booking and credit card | processing charges | 4,200 | 2,924 | ||
| Carried forward | 82,674 | 83,809 |
| 2023 | 2022 | ||
|---|---|---|---|
| f | f | ||
| Support costs - continued | |||
| Brought forward | 82,674 | 83,809 | |
| Subscription s | 251 | 204 | |
| Storage costs | 1,395 | ||
| Travel | 79 | 60 | |
| Professional fees | 1,647 | 1,746 | |
| Accountancy | 900 | 850 | |
| Depreciation | 164 | 218 | |
| 87,110 | 86,887 | ||
| Total expenditure | 293+02 | 390,108 | |
| Net surplus/(deficit) | for the year | 15,961 | ~(49,471 |