. '
REGISTERED COMPANY NUMBER: 04485945 (England and Wales) REGISTERED CHARITY NUMBER: 1104684
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
FOR
BROADSTAIRS FOLK WEEK
BROADSTAIRS FOLK WEEK CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
| Page | |
|---|---|
| Reference and administrative details | 1 |
| Report ofthe trustees | 2-4 |
| Independent Examiner's report | 5 |
| Statement of Financial Activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8-12 |
| DetailedStatementofFinancialActivities | 13-14 |
BROADSTAIRS FOLK WEEK REFERENCE AND ADMINSTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2025
TRUSTEES lan Bullock Brian Dunne Sally lronmonger Jack Hayward Sarah Cross Paul Hindmarsh Geoff Turner Michelle Harper Michela George Nick Heron (appointed 12 November 2024) Krista Greisch (appointed 11 February 2025) REGISTERED OFFICE DS1 Kent Innovation Centre Millennium Way Broadstairs Kent CT10 2QQ
REGISTERED COMPANY NUMBER 04485945 (England and Wales)
REGISTERED CHARITY NUMBER 1104684
INDEPENDENT EXAMINER
Cleverdons Chartered Accountants and Business Advisors 7 The Broadway Broadstairs Kent CT10 2AD
BANKERS HSBC 26 Westwood Cross Shopping Centre Margate Road Broadstairs Kent CT10 2BF
Page 1
BROADSTAIRS FOLK WEEK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is to preserve and advance public education in the appreciation of English and Multicultural folk dance, song and music and to promote the knowledge and practice of traditions through dances, classes, lectures, demonstrations and similar activities, in the town of Broadstairs and St Peters and the neighbouring towns and villages in the District of Thanet. When planning our activities for the year, the trustees have considered the commissioners guidance on public benefit.
Significant activities and achievements
The 2025 festival marked the 60th anniversary of Broadstairs Folk Week, celebrating six decades since the festival began in 1965. Once again the seaside town welcomed performers and visitors from across the UK and internationally, creating a vibrant centre of folk music, dance and traditional arts. During the week the festival presented over 400 events across more than 20 venues throughout Broadstairs, combining a programme of ticketed concerts with a wide range of free activities across the town.
The main concert venue hosted headline evening concerts and afternoon performances featuring leading artists from the UK folk scene alongside emerging performers. Smaller acoustic concerts and informal sessions also took place in local clubs, churches and community venues.
A broad programme of dance events, ceilidhs and participatory workshops provided opportunities for people of all ages and abilities to learn and take part in folk music, singing and traditional dance.
The festival also delivered a substantial programme of free public events, including daily performances at the Bandstand, Morris dancing displays across the town, informal music sessions in pubs and public spaces, and family and community activities. These events ensured that both residents and visitors could enjoy the festival atmosphere regardless of whether they attended ticketed performances.
The trustees’ decision in previous years to use the Queens Road Baptist Centre as the principal concert venue has continued to help control infrastructure costs associated with temporary outdoor venues while also reducing operational risks related to poor weather.
The Craft Fair remains an important part of the festival programme and continues to attract a wide range of traders and visitors. The revised layout introduced in recent years has increased the number of available pitches and improved income from this activity.
Community impact and public benefit Broadstairs Folk Week continues to makea significant contribution to the cultural life of Broadstairs, the wider Thanet area and the national folk community.
The festival provides a diverse range of concerts, dances, workshops, educational activities and informal performances accessible to people of all ages and backgrounds. Many events take place in public spaces and local venues throughout the town, ensuring the festival remains embedded within the local community. Workshops and dance events enable participants to develop new skills and learn about traditional music and dance forms. Broadstairs Folk Week also contributes to the local economy by attracting visitors to the town and supporting local accommodation providers, hospitality businesses and retailers. The festival has become an important part of Broadstairs’ cultural identity and heritage.
The trustees consider that the activities undertaken by the charity during the year have delivered clear public benefit in line with the charity’s objectives.
Page 2
BROADSTAIRS FOLK WEEK REPORT OF THE TRUSTEES - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
OBJECTIVES AND ACTIVITIES (continued)
Volunteer contribution
Broadstairs Folk Week relies heavily on the contribution of volunteers who give their time and skills to support the organisation and delivery of the festival.
Volunteers assist in many areas including stewarding events, supporting performers and venues, assisting with ticketing and information services, helping with logistics and providing general organisational support throughout the festival. The trustees recognise that the festival relies on the dedication and commitment of these volunteers. Their contribution represents substantial support in kind which, although not recognised within the financial statements under accounting rules, forms an essential part of the festival’s operations.
The trustees would like to place on record their sincere appreciation for the continued enthusiasm and commitment shown by volunteers each year.
Festival heritage and legacy
The 60th anniversary also provided an opportunity to reflect on the long history and cultural significance of Broadstairs Folk Week. Since its beginnings in 1965, the festival has grown from a small local gathering into one of the longest-running and most respected folk festivals in the United Kingdom.
Over six decades the festival has welcomed thousands of performers, dancers, musicians and visitors while helping to sustain and promote traditional music, song and dance. The trustees recognise the important role the festival plays in preserving cultural traditions while continuing to evolve and attract new audiences.
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by a governing document, its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. In the event of a winding up the liability of each member is limited to £10.
Organisational Structure
Management of the charity is under the Chairmanship of lan Bullock, elected at the Annual General Meeting of the Folk Week Committee. Sally lronmonger continues to serve as Vice Chair and Sarah Cross as Treasurer.
The charity employs a Festival Director and Festival Administrator who are responsible for the operational delivery of the festival. The trustees meet regularly to receive operational and financial reports and to make strategic decisions relating to the running of the charity.
Decisions are made collectively by the trustees and implemented by employees, volunteers or trustees as appropriate.
Recruitment and appointment of new trustees
When a new trustee is required, either due to a vacancy or to fulfil a particular skill requirement, individuals with appropriate experience and expertise are identified and approached. If an individual is considered suitable and willing to make the required commitment, they are proposed to the committee by the Chair and formally appointed.
Induction and training of new trustees
New trustees are provided with an induction pack outlining their responsibilities as charity trustees and company directors. They are also briefed on the charity’s activities, governance arrangements and financial procedures to ensure they can contribute effectively to the work of the charity.
Trustees indemnity insurance
The charity bore trustees’ indemnity insurance costs of £625 (2024: £625) through Marsh Commercial Management Liability Insurance.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to mitigate those risks.
Risk management is considered regularly during trustee meetings and through the ongoing monitoring of operational and financial performance. The trustees are satisfied that the systems currently in place provide reasonable assurance against fraud, error and other significant risks. Page 3
BROADSTAIRS FOLK WEEK REPORT OF THE TRUSTEES - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
FINANCIAL REVIEW
Results for the year The accounts are showing a net deficit of £6,826 compared to a surplus of £15,889 in 2024. The trustees remain focused on maintaining financial stability while continuing to deliver a high-quality festival programme.
Principal funding sources
----- Start of picture text -----
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The|principal|funding|sources|during|the|year continued|to|be:|
|Grants|
|The|festival|received|£28,000 from|the|Arts|Council|(2024:|£nil),|£10,000 from|Broadstairs|&|St|Peter's Town|Council|(2024:|
|£10,000),|£1,600|from Thanet|District|Council|(2024:|£2,000)|and|£10,000 from The John|Swire|1989|Charitable Trust|(2024:|
|£12,000).|
|Sponsorship|
|Sponsorship was|received|from|Shepherd|Neame|£5,000.|Vattenfall|Wind|Power|£5,000,|Regain|Hearing|£1,250,|SE Trains|
|£1,250,|New|Life|Wills|£1,050,|Chartwell|House|£772.|
|Corporate|supporter|income|totalled|£2,619|(2024:|£1,995)|
|Donations|
|The total|received|from|donations,|street|collections,|Friends|of|Folk Week|and|Clarence &|Friends|Club was £29,893|(2024:|
|£39,908).|
|Fundraising|
|The|total|received|from|fundraising|was|£8,504|including|the|200|Club|(2024:|£6,348).|
|Ticket|income|
|Event|tickets|income was|£94,640|(2024:|£54,508)|and|the|total|income from|season|tickets,|camping and|events was|
|£174,497|(2024:|£124,683).|
|Income|from|Festival|
|The|total|income|from|the|festival|was|£288,770|(2024:|£233,147).|
----- End of picture text -----
Reserves policy
The trustees aim to maintain sufficient unrestricted reserves to: ° meet unrestricted expenditure incurred during the winter following the festival * provide start-up funding for the following year’s festival e provide a buffer against unexpected reductions in sponsorship or grant funding Maintaining an appropriate level of reserves remains an important element of the charity’s financial strategy.
FUTURE DEVELOPMENTS
The trustees continue to explore opportunities to strengthen the long-term sustainability of the festival through the development of new funding streams and sponsorship opportunities.
The festival will continue to balance financial prudence with the delivery of a vibrant and diverse programme of events. The trustees will also continue to review operational arrangements and venue use to ensure that the festival remains financially viable while continuing to provide a high-quality experience for audiences, performers and participants. The continued engagement of volunteers, local organisations and supporters will remain vital to the ongoing success of Broadstairs Folk Week.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approve by order of the Board of trustees on 24 / 3 / 2026 and signed on its behalf by: V4
lan Bullock Festival Chairman
Page 4
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF
BROADSTAIRS FOLK WEEK
Independent examiner's report to the trustees of Broadstairs Folk Week
| report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2025 which are set out on pages 6 to 12.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
-
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).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: JJvey[Cleverdon]
ICAEW
Cleverdons
Chartered Accountants & Business Advisors
7 The Broadway
Broadstairs
Kent
CT10 2AD
Date: 2U Ala rch 20ab
Page 5
BROADSTAIRS FOLK WEEK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|Total|2024|Total|
|unrestricted|unrestricted|
|Notes|funds|funds|
|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|2|96,434|78,668|
|Charitable|activities|
|Festival|288,770|233,147|
|Other|trading|income|3|8,504|6,348|
|Investment|income|4|1,347|1,344|
|Total|Income|395,055|319,507|
|EXPENDITURE|ON|
|Raising|Funds|1,268|223|
|Charitable|activities|
|Festival|5|400,613|303,395|
|Total|expenditure|401,881|303,618|
|NET INCOME / (EXPENDITURE)|6|(6,826)|15,889|
|RECONCIATION|OF|FUNDS|
|Total|funds|brought|forward|71,774|55,885|
|TOTAL FUNDS|CARRIED|FORWARD|64,948|71,774|
----- End of picture text -----
The notes form part of these financial statements
Page 6
BROADSTAIRS FOLK WEEK BALANCE SHEET
30 SEPTEMBER 2025
| 30 SEPTEMBERSEPTEMBER 2025 | |||
|---|---|---|---|
| 2025 Total | 2024 Total | ||
| unrestricted | unrestricted | ||
| Notes | funds | funds | |
| £ | £ | ||
| FIXED ASSETS | |||
| Tangible assets | 10 | 826 | 369 |
| CURRENTASSETS | |||
| Stock | a Bi | 2,923 | 3,303 |
| Debtors | 12 | 23,609 | 6,969 |
| Cash at bank and in hand | 52,888 | 67,385 | |
| 79,420 | 77,657 | ||
| CREDITORS | |||
| Amounts falling due within 1 year | 13 | (15,298) | (6,252) |
| NET CURRENTASSETS | 64,122 | 71,405 | |
| TOTALASSETS LESS CURRENT LIABILITIES | 64,948 | 71,774 | |
| NETASSETS | 64,948 | 71,774 | |
| FUNDS | |||
| Unrestricted funds | 64,948 | 71,774 | |
| TOTALFUNDS | 64,948 | 71,774 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24/3/26 and were signed on its behalf by: [
lan Bullock - Trustee Sarah Cross - Trustee
The notes form part of these financial statements
Page 7
BROADSTAIRS FOLK WEEK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The accounts have been prepared under the historical cost convention.
Income
Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
Donated goods, facitilies or services
Give the absence of a reliable measurement basis, the contribution of general volunteers must not be included as income in charity accounts. However, it is important that the user of the accounts understands the nature and scale of the role paid by general volunteers. Charities must include a description of the role played by general volunteers and provide an indication of the nature of their contribution in a note to the accounts (see note 16).
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been calculated to write off the tangible fixed assets over their expected useful lives as follows:
Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Office Equipment - 25% on reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
The charity is exempt from corporation tax on its charitable activities
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives and the discretion of the trustees. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are to be solely used for particular projects being undertaken by the charity.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 8
continued...
BROADSTAIRS FOLK WEEK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2 | DONATIONS AND LEGACIES | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Donations | 29,893 | 39,908 | ||
| Sponsorship | 16,941 | 12,260 | ||
| Grants | 49,600 | 26,500 | ||
| 96,434 | 78,668 | |||
| Grants received included in | ||||
| the above, are as follows: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Thanet District Council | 1,600 | 2,000 | ||
| Broadstairs & St PetersTown Council | 10,000 | 10,000 | ||
| Arts Council Project Fund | 28,000 | - | ||
| KCC Members Grant | - | 1,500 | ||
| East Kent College | - | 1,000 | ||
| The John Swire 1989 Charitable Trust | 10,000 | 12,000 | ||
| ~49,600. | 26,500 | |||
| 3 | OTHER TRADING ACTIVITIES | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fundraising events | 8,504 | 6,348 | ||
| 4 | INVESTMENT INCOME | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Deposit account interest | 1,347 | 1,344 | ||
| 5 | CHARITABLE ACTIVITES COSTS | |||
| Directcosts | Support | Totals | ||
| £ | £ | £ | ||
| Festival | 290,799 | 109,814 | 400,613 | |
| 6 | NET INCOME/(EXPENDITURE) | |||
| 2025 | 2024 | |||
| Net income/(expenditure) is stated after charging/(crediting): | £ | £ | ||
| Depreciation -owned assets | 275 | 123 | ||
| Independentexamination | 975 | 936 |
7 TRUSTEES REMUNERATION AND BENEFITS
None of the trustees received any remuneration or benefits during the year. There were no trustees’ expenses paid for the year ended 30 September 2025 nor the previous year.
8 TRUSTEES INSURANCE
The charity has purchased trustee indemnity insurance to protect trustees. The cost of this insurance is £625 (2024: £625).
continued...
Page 9
BROADSTAIRS FOLK WEEK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
9 STAFF COSTS
| The following staff costswere incurred: | 2025 | 2024 |
|---|---|---|
| Gross salaries | 54,788 | 54,094 |
| Employers NI | 5,760 | 4,806 |
| Employers pension contributions | 1,180 | 1,308 |
| Total | 61,728 | 60,208 |
The charity employed 2 members of staff during the year (2024: 3) and no employees received emoluments in excess of £60,000.
10 TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|
| Plant | and | Fixtures | and | Office | ||
| machinery | fittings | equipment | Total | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 October 2024 | 3,483 | 127 | 4,848 | 8,458 | ||
| Additions | 500 | - | 232 | 732 | ||
| At 30September 2025 | 3,983 | 427 | 5,080 | 9,190 | ||
| DEPRECIATION | ||||||
| At 1 October 2024 | 3,139 | 126 | 4,824 | 8,089 | ||
| Charge for the year | 211 | - | 64 | 275 | ||
| At 30September 2025 | 3,350 | 126 | 4,888 | 8,364 | ||
| NET BOOKVALUE | ||||||
| At 30September 2025 | 633 | 1 | 192 | 826 | ||
| At 30September 2024 | 344 | 1 | 24 | 369 | ||
| STOCKS | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Stocks | 2,923 | 3,303 | ||||
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Trade debtors | 17,721 | 2,185 | ||||
| Prepayments and accrued income | 5,888 | 4,784 | ||||
| 23,609 | 6,969 | |||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Trade creditors | 1,274 | 365 | ||||
| Social security and other taxes | 561 | 878 | ||||
| Accruals and deferred income | 13,463 | 5,009 | ||||
| 15,298 | 6,252 |
11 STOCKS
12 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
continued...
Page 10
BROADSTAIRS FOLK WEEK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
14 MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement in | ||||
| 01/10/2024 | funds | At 30/9/2025 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 71,774 | (6,826) | 64,948 | |
| TOTAL FUNDS | 71,774 | (6,826) | 64,948 | |
| Incoming | Resources | Movement | ||
| resources | expended | in | funds | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 395,055 | (401,881) | (6,826) | |
| TOTALFUNDS | 395,055 | (401,881) | (6,826) | |
| Net | ||||
| movement in | ||||
| Comparatives formovement in funds | 01/10/2023 | funds | At30/9/2024 | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 55,885 | 15,889 | 71,774 | |
| TOTALFUNDS | 55,885 | 15,889 | 71,774 | |
| Incoming | Resources | Movement | ||
| Comparative netmovement infunds included above: | resources | expended | in | funds |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 319,507 | (303,618) | 15,889 | |
| TOTALFUNDS | 319,507 | (303,618) | 15,889 | |
| Acurrentyear 12 monthsand prioryear 12 monthscombined position is asfollows: | ||||
| Net | ||||
| movement in | ||||
| At 1/10/2023 | funds | At 30/9/2025 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 55,885 | 9,063 | 64,948 | |
| TOTALFUNDS | 55,885 | 9,063 | 64,948 | |
| A current year 12 months and prioryear 12 months combined net movement in funds, | included in the above: | |||
| Incoming | Resources | Movement | ||
| resources | expended | in | funds | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 714,562 | (705,499) | 9,063 | |
| TOTALFUNDS | 714,562 | (705,499) | 9,063 | |
| continued... |
Page 11
BROADSTAIRS FOLK WEEK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
15 RELATED PARTY TRANSACTIONS
Sally Ironmonger, one of the trustees, was paid £600 (2024: £400) for performances at the Festival. A band in which Michaela Martin-George, one of the trustees, is a member was paid £1,005 (2024: £555) for performance at the festival.
16 VOLUNTEER CONTRIBUTION
The annual volunteer contribution continues to be a vital element of the structure of the festival. Trustees constantly increase their efforts in this area to help recruit more volunteers as this contribution in kind represented approximately £92,674 (2024: £80,308) (under UK Accounting standards this volunteer contribution is not reflected in the accounts.)
17 STATUTORY INFORMATION
Broadstairs Folk Week is a private company, limited by guarantee, registered in England and Wales, with company number 4485945. The company's registered office is DS1 Kent Innovation Centre, Millennium Way, Broadstairs, Kent CT10 2QQ.
18 MEMBER'S LIABILITY
Every member of the charity undertakes to contribute to the assets of the company in the event of its being wound up while he/she is a member, or within one year after they cease to be a member, such amount as may be required, not exceeding £10, for the debts and liabilities contracted before he/she ceases to be a member and the costs, charges and expenses of winding up.
Page 12
BROADSTAIRS FOLK WEEK DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| INCOME | |||
| Donations and legacies | |||
| Donations and street collections | 29,893 | 39,908 | |
| Sponsorship | 16,941 | 12,260 | |
| Grants | 49,600 | 26,500 | |
| 96,434 | 78,668 | ||
| Charitable activities | |||
| Season tickets, camping and events (including pubs) | 174,497 | 124,683 | |
| Craft fair | 54,339 | 52,876 | |
| Programmes and other income | 9,962 | 9,284 | |
| Merchandise sales | 13,634 | 11,008 | |
| Marquee and bar sales | 30,578 | 30,490 | |
| Employment allowance | 5,760 | 4,806 | |
| 288,770 | 233,147 | ||
| Other trading activities | |||
| Fundraising events | 8,504 | 6,348 | |
| Investment income | |||
| Deposit account interest | 1,347 | 1,344 | |
| Total incoming resources | 395,055 | 319,507 | |
| EXPENDITURE | |||
| Raising donations and legacies | |||
| Sundry | 1,268 | 223 | |
| Charitable activities | |||
| Merchandise and programmes | 13,881 | 12,047 | |
| Artist fees, expenses and accommodation | 132,447 | 86,398 | |
| Venue hire including all PA hire | 29,892 | 12,707 | |
| Concert area | 23,056 | 17,651 | |
| Campsite | 38,291 | 34,442 | |
| Craft fair | 37,316 | 32,782 | |
| Road closure (parade) | 547 | - | |
| Marquee bar costs | 8,845 | 8,899 | |
| Performing rights and lottery | 6,524 | 4,417 | |
| 290,799 | 209,343 | ||
| Support costs | |||
| Wages and other staff costs | 61,728 | 60,208 | |
| Contractors | 2,219 | - | |
| Rent and rates | 7,006 | 7,006 | |
| Insurance | 2,801 | 3,379 | |
| Telephone | 1,550 | 2,224 | |
| Postage and stationery | 2,235 | 2,096 | |
| Advertising | 12,372 | 5,845 | |
| Sundries | 1,997 | 1,208 | |
| Website, computing, software and corporate image | 4,674 | 3,361 | |
| Bank, paypal, online booking and credit card processing charges | 4,513 | 2,910 | |
| Carriedforward | 101,095 | 88,237 |
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BROADSTAIRS FOLK WEEK DETAILED STATEMENT OF FINANCIAL ACTIVITIES - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Support|costs|-|continued|
|Brought|forward|101,095|88,237|
|Subscriptions|312|244|
|Storage|costs|3,743|2,601|
|Bad|debt|525|-|
|Travel|1,112|195|
|Professional|fees|1,777|1,716|
|Accountancy|975|936|
|Depreciation|2795|123|
|109,814|94,052|
|Total|expenditure|401,881|303,618|
|Net|surplus/(deficit)|for the year|(6,826)|15,889|
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