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← Haslemere Festival

2024-09-30-accounts

REGISTERED COMPANY NUMBER: 04918368 (England and Wales) REGISTERED CHARITY NUMBER: 1104757

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2024

for

HASLEMERE FESTIVAL

HASLEMERE FESTIVAL

Contents of the Financial Statements for the Year Ended 30 September 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 17
Detailed Statement of Financial Activities 18 to 19

HASLEMERE FESTIVAL

Reference and Administrative Details for the Year Ended 30 September 2024

TRUSTEES

H Donaldson MBE, DL A C Brownrigg (deceased 13.10.23) B E Farley BEM B Howard MBE Ms M J Odell MBE (appointed 20.10.23)

REGISTERED OFFICE Edgecombe Hill Road Haslemere Surrey GU27 2JN REGISTERED COMPANY 04918368 (England and Wales) NUMBER

REGISTERED CHARITY 1104757 NUMBER INDEPENDENT EXAMINER Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE SOLICITORS Potter, Owtram & Peck 42 West Street Haslemere Surrey GU27 2AN

INDEPENDENT EXAMINER

Patrons

The Patrons of the Haslemere Festival are Michael More-Molyneux (Lord Lieutenant of Surrey), Rt. Hon Jeremy Hunt MP (resigned on 4th July 2024), Dr Francois Dolmetsch, Admiral Sir Derek Reffell KCB, Rt Hon Gregory Stafford MP (from 20th November 2024).

Page 1

HASLEMERE FESTIVAL

Report of the Trustees for the Year Ended 30 September 2024

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 2024. 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of Haslemere Festival are to promote and advance education particularly by the encouragement of the arts, including the art of music, singing, drama, painting, literature, dance and visual arts by the promotion of concerts, performances, exhibitions and other activities for the benefit of the inhabitants of Haslemere District. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'Public Benefit: running a Charity (PB2)'. Affordability and access to our programmes is important to us; we receive relatively little support in the shape of grants but access to many of our events is free or at modest cost.

Significant activities

Haslemere Festival ran the many events listed below.

Christmas Market , a popular event in the centre of the Town every December; Melanie Odell & Iain Lynch

Charter Fair , held once every two years following the grant of a charter by Elizabeth I; Melanie Odell (Chairman), Libby Piper (Finances), Paul Ashton (Music), Pat Blades, Brian Howard, Heather Matthews (Visit Haslemere).

Little Lumpy Cycling Sportive , a successful cycling event with four levels of difficulty (from the 40 mile Sport to the 127 mile Ultra); Ken Griffiths (Chairman), Linda Griffiths, Richard Hart, Rupert Maude, Stephen Moss, Will Pattenden and Jon Mills. The partner charity this year was Undershaw Education Trust (£2,500 raised).

Classic Car Tour & Show , was run very successfully for the 14th year; James Ewing, Jane Puttock

Fringe Festival , an ambitious event with headline artists was very successful in spite of the inclement weather. Ken Griffiths (Chairman), Paul Ashton (artists), Debbie Bowyer, Tony Harrould, Craig Hills, Karen Howell, Jan Jeffcoat, Rob Milnes, Simon Smith, Nick Westcott-White, Gail Knox-Wilson, Virginia Green, Mike Clark, Sarah Prescott and Tania Surridge.

Food Festival , ran in September on Lion Green. Melanie Odell (Chairman), Sylvia Griffin, Heather Matthews and Sandra McHugh.

Public benefit

The Trustees confirm that they have considered the general guidance issued by the Charity Commission in connection with public benefit in setting the objectives of the charity and in particular they have considered how planned activities further the charity's objects.

Volunteers

We are very grateful to the chairmen and members of these committees and the many volunteers who gave their considerable time and expertise to make this year's events such a success. It is estimated that total attendance at these events was of the order of 20,000 including a significant number of families with children.

Page 2

HASLEMERE FESTIVAL

Report of the Trustees for the Year Ended 30 September 2024

FINANCIAL REVIEW

Financial position

Haslemere Festival's financial performance for 2024 shows a loss for the year of £11,049. The Cycling Sportive (Little Lumpy), the Classic Car Show, Charter Fair and the Christmas Market made a surplus but the other events lost money.

Results by charitable activity:

Results by charitable activity:
Income Expenditure This year Last Year
Arts Festival 1,104 (2,041) (937) (6,297)
Fringe Festival 245,224 (264,856) (19,632) (3,537)
Sportive Cycling 12,590 (8,058) 4,532 4,535
Classic Car Show 3,606 (54) 3,552 1,500
King's Coronation - - **- ** (1,102)
D Day Anniversary - (81) (81) -
Haslemere Events - (950) (950) (4,209)
Christmas Market 13,345 (9,372) 3,973 6,641
Food Festival 3,880 (4,476) (596) 3,393
Charter Fair 12,331 (11,596) 735 -
Haslemere Hens - - - (16,179)
Total 292,080 (301,484) (9,404) (15,255)

The Balance Sheet displays a decrease in unrestricted reserves of £11,049 (2023: increase of £7,097), being the deficit on general funds for the year, which now totals £78,053 (2023: £89,102). Restricted funds at the year end amounted to £5,452 (2023: £5,452).

Principal funding sources

We are very grateful to our sponsors for their support for our activities. The major donations and sponsorship are listed in Note 3.

Investment policy

The Charity runs current accounts with NatWest Bank and Lloyds bank and a deposit account with CAF (Charities Aid Foundation). The Charity also has invested in Equities with Hargreaves Lansdown managed funds. These funds were sold in December 2023.

Reserves policy and Going Concern

The Trustees wish to maintain reserves of around £40,000 for three main purposes. First, the Fringe Festival is an outdoor event and inevitably ticket sales and other income on the day (approximately £150,000) will be badly hit in the event of bad weather; secondly to cover the Festival's cash flow requirements (artists being paid before tickets go on sale) and thirdly to enable the organising committee to take modest risks when identifying high profile events (as part of our policy of bringing affordable quality entertainment to Haslemere & District). The cost of putting events on is increasing as compliance with ever stricter rules and regulations and public body interaction. Therefore, the reserves are a useful buffer and ensure the Festival can maintain its aims for the future.

The current level of reserves is considered sufficient to meet the charity's needs and the Trustees consider that the Charity satisfies the test of a 'going concern'.

FUTURE PLANS

Planning is well advanced for events in 2025. In particular, the main Arts Festival, the Cycling Sportive and the Classic Car Tour & Show in May, the Food Festival in September and the Christmas Market in December.

Page 3

HASLEMERE FESTIVAL

Report of the Trustees for the Year Ended 30 September 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Haslemere Festival was incorporated on 1st October, 2003 as a Company Limited by Guarantee and is also a Registered Charity. The company was established under a Memorandum of Association which contained the objects and powers of the charitable company and is governed under its Articles of Association.

Recruitment and appointment of new trustees

The Trustees have been selected because of their business experience and their interests in the town. Hamish Donaldson is a Deputy Lieutenant of Surrey, an ex-Merchant Banker and trustee of several local charities; Bryan Farley is a retired local notary and solicitor; Brian Howard was proprietor of Marley Flowers and a past Councillor and Mayor of Haslemere; Melanie Odell runs Grayswood Computers and is a past Councillor and Mayor of Haslemere. . All the trustees are volunteers.

Induction and training of new trustees

The trustees are appointed to use their skills and experience and thus no specific induction training is required except for those appointed trustee for the first time. Those new to Trusteeship are directed to the Charity Commission web site and specifically to the page 'How To Be An Effective Charity Trustee - Signposts To Our Published Guidance That Will Help You' and 'CC3 - The Essential Trustee: What you need to know'.

Risk management

The Trustees have identified the main risks and are satisfied that they take reasonable steps to mitigate them. These steps include:

-Insurance against loss of property

-Check lists of activities to limit oversights

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Haslemere Festival for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Page 4

HASLEMERE FESTIVAL

Report of the Trustees for the Year Ended 30 September 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ....31 March 2025....... and signed on its behalf by:

................................................................. H Donaldson MBE, DL - Trustee

Page 5

Independent Examiner's Report to the Trustees of Haslemere Festival

Independent examiner's report to the trustees of Haslemere Festival ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.

This report is made to the Trustees, as a body, in accordance with the terms of my engagement. Our work has been undertaken so that we might carry out an Independent Examination of the financial statements in accordance with the General Directions given by the Charity Commissioners. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity ’ s Trustees, as a body, for our work or for this report.

Responsibilities and basis of report

As the charity's 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, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in 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)).

I 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.

J Holland-Leader FCA

Knox Cropper LLP Chartered Accountants Office Suite 1 Haslemere House Lower Street Haslemere Surrey GU27 2PE

Date: ...........31 March 2025..........

Page 6

HASLEMERE FESTIVAL

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 September 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 23,074 - 23,074 7,627
Charitable activities 5
Events 269,006 - 269,006 93,191
Investment income 4 6 - 6 1
Total 292,086 - 292,086 100,819
EXPENDITURE ON
Raising funds 6 720 - 720 1,947
Charitable activities 7
Events 301,484 - 301,484 109,206
Support Costs 758 - 758 -
Total 302,962 - 302,962 111,153
Net gains/(losses) on investments (173) - (173) 1,252
NET INCOME/(EXPENDITURE) (11,049) - (11,049) (9,082)
RECONCILIATION OF FUNDS
Total funds brought forward 89,102 5,452 94,554 103,636
TOTAL FUNDS CARRIED FORWARD 78,053 5,452 83,505 94,554

The notes form part of these financial statements

Page 7

HASLEMERE FESTIVAL

Balance Sheet 30 September 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 14 2,274 - 2,274 3,032
Investments 15 - - - 10,736
2,274 - 2,274 13,768
CURRENT ASSETS
Debtors 16 4,862 - 4,862 4,499
Cash at bank 80,175 5,452 85,627 77,946
85,037 5,452 90,489 82,445
CREDITORS
Amounts falling due within one year 17 (9,258) - (9,258) (1,659)
NET CURRENT ASSETS 75,779 5,452 81,231 80,786
TOTAL ASSETS LESS CURRENT
LIABILITIES 78,053 5,452 83,505 94,554
NET ASSETS 78,053 5,452 83,505 94,554
FUNDS 18
Unrestricted funds 78,053 89,102
Restricted funds 5,452 5,452
TOTAL FUNDS 83,505 94,554

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 8

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HASLEMERE FESTIVAL

Balance Sheet - continued 30 September 2024

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 ...31 March 2025..... and were signed on its behalf by: Hewat jest

............................................. H Donaldson MBE, DL - Trustee

The notes form part of these financial statements

Page 9

HASLEMERE FESTIVAL Notes to the Financial Statements for the Year Ended 30 September 2024

1. GENERAL INFORMATION

Haslemere Festival is a charitable company incorporated in England and Wales under the Companies Act 2006. A description of the nature of Haslemere Festival's operation, its principal activity, and operational address is disclosed in the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The trustees of the Charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern.

Income

All 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.

Donated services and facilities

Donated professional services and donated facilities are recognised as income and corresponding expenses when the Charity has control, any conditions have been met and the economic benefit can be measured reliably.

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 the 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.

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HASLEMERE FESTIVAL

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Raising funds

Costs of raising funds comprise the costs of commercial trading including running the Bar and the Raffle not related to a charitable activity

Charitable activities

Expenditure on Charitable Activities includes the costs of the artists, performance costs, outdoor infrastructure and other educational costs to further the objects of the Charity.

Allocation and apportionment of costs

Actual costs for each event run by Haslemere Festival are separately identifiable and are apportioned to that activity as appropriate. The only support cost incurred by the charity is the Independent Examiner's fee, which is attributed to 'Events' within charitable activities as the charity's sole activity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

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 at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Page 11

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HASLEMERE FESTIVAL

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2024 2023
£ £
Donations 23,074 7,627

Donations received: £2127 from the Friends of the Festival (including GiftAid), Couchman Hanson £2,000. Picture donated £950. Mandy Mckenna for guitars and ukuleles £920. Seymours Estate Agents £900. Leightons Opticians £900. Clement Windows Group £900. Red Rock Property £500. Transform Landscapes £500. Upham Pub co £500. Cocoon (uk) Ltd £250. Revel Accountants £250. Monika Pilat Khaza £250. Planet of Sounds £250.

4. INVESTMENT INCOME

INVESTMENT INCOME
2024 2023
£ £
Deposit account interest 6 1
INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £ £
Arts festival Events - 21,463
Fringe festival Events 223,254 2,458
Cycling sportive Events 12,590 15,275
Classic car show Events 3,606 2,000
Haslemere events Events - 130
Food festival Events 3,880 4,475
Haslemere Hens Events - 16,940
Christmas market Events 13,345 14,920
Jubilee tea party Events - 15,530
Charter fair Events 12,331 -
269,006 93,191

5. INCOME FROM CHARITABLE ACTIVITIES

6. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
2024 2023
£ £
Arts festival - 65
Fringe festival - 1,058
Support costs 720 824
720 1,947

Page 12

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HASLEMERE FESTIVAL

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

7. CHARITABLE ACTIVITIES COSTS

The Cycling Sportive encourages participants by naming a 'partner' charity. This year it was Undershaw Education Trust and £2,500 was raised.

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

2024 2023
£ £
Arts festival 2,041 27,760
Fringe festival 264,856 5,995
Christmas market 9,372 8,279
Food festival 4,476 1,082
Cycling sportive 8,058 10,741
Classic car show 54 500
Haslemere events 950 4,339
Charter fair 11,596 -
Haslemere Hens - 33,119
King’s Coronation - 16,633
D-Day anniversary 81 -
Depreciation 758 758
302,242 109,206

9. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Raising donations and legacies 720

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Depreciation - owned assets 758 758
Independent Examination 720 720

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.

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HASLEMERE FESTIVAL

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,627 - 7,627
Charitable activities
Events 76,251 16,940 93,191
Investment income 1 - 1
Total 83,879 16,940 100,819
EXPENDITURE ON
Raising funds 1,947 - 1,947
Charitable activities
Events 76,087 33,119 109,206
Total 78,034 33,119 111,153
Net gains on investments 1,252 - 1,252
NET INCOME/(EXPENDITURE) 7,097 (16,179) (9,082)
RECONCILIATION OF FUNDS
Total funds brought forward 82,005 21,631 103,636
TOTAL FUNDS CARRIED FORWARD 89,102 5,452 94,554

13. VOLUNTEERS

The Festival is run entirely by volunteers and the key organisers are listed in the Report of the Trustees. Haslemere Festival is very grateful to the chairmen and members of the festival committees, and the many volunteers who give their considerable time and expertise to make the events such a success.

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HASLEMERE FESTIVAL

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

14. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 October 2023 and
30 September 2024 3,790
DEPRECIATION
At 1 October 2023 758
Charge for year 758
At 30 September 2024 1,516
NET BOOK VALUE
At 30 September 2024 2,274
At 30 September 2023 3,032
15. FIXED ASSET INVESTMENTS
Listed
Investments
£
MARKET VALUE
At 1 October 2023 10,736
Disposals (10,563)
Realised Losses (173)
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 10,736

In view of the volatility of the stock market and improved returns on cash deposits the Trustees decided to realise the investments in Hargreaves Lansdown Managed Funds.

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023
£ £
Other debtors 4,296 2,000
Prepayments 566 2,499
4,862 4,499

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HASLEMERE FESTIVAL

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Deferred income - 680
Accrued expenses 9,258 979
9,258 1,659
18. MOVEMENT IN FUNDS
Net
At movement At
1.10.23 in funds 30.9.24
£ £ £
Unrestricted funds
General fund 89,102 (11,049) 78,053
Restricted funds
Haslemere Hens 5,452 - 5,452
TOTAL FUNDS 94,554 (11,049) 83,505
Net movement in funds, included in the above are as follows:
Incoming
Resources		 Gains and Movement
resources
expended		 losses in funds
£ £ £ £
Unrestricted funds
General fund 292,086 (302,962) (173) (11,049)
TOTAL FUNDS 292,086 (302,962) (173) (11,049)
Comparatives for movement in funds
Net
At movement At
1.10.22 in funds 30.9.23
£ £ £
Unrestricted funds
General fund 82,005 7,097 89,102
Restricted funds
Haslemere Hens 21,631 (16,179) 5,452
TOTAL FUNDS 103,636 (9,082) 94,554

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HASLEMERE FESTIVAL

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 83,879 (78,034) 1,252 7,097
Restricted funds
Haslemere Hens 16,940 (33,119) - (16,179)
TOTAL FUNDS 100,819 (111,153) 1,252 (9,082)

The Haslemere Hens fund (previously The Haslemere Hares & Hounds fund) is a community art project aimed at promoting the town of Haslemere, its businesses, and art. The fibreglass sculptures are sponsored by local businesses and then auctioned to raise money for charities. There was no distribution to charities in the current year.

The Jubilee Clock Fund consists of monies raised to pay for a new Turret Clock on the Haslewey Community Centre as a permanent tribute to the Queen on her Platinum Jubilee.

The Gourmet Geezers Fund consists of monies raised by the Men's Cooking Group of the Haslemere U3A (Gourmet Geezers). Funds raised are for their chosen charity, their local dementia care centre.

19. RELATED PARTY DISCLOSURES

The Festival purchased £64 (2023: 50l) of goods from Marley Flowers of which Brian Howard (Trustee) is a director.

Page 17

HASLEMERE FESTIVAL

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 23,074 7,627
Investment income
Deposit account interest 6 1
Charitable activities
Arts festival - 21,463
Fringe festival 223,254 2,458
Cycling sportive 12,590 15,275
Classic car show 3,606 2,000
Haslemere events - 130
Food festival 3,880 4,475
Haslemere Hens - 16,940
Christmas market 13,345 14,920
Jubilee tea party - 15,530
Charter fair 12,331 -
269,006 93,191
Total incoming resources 292,086 100,819
EXPENDITURE
Raising donations and legacies
Arts festival - 65
Fringe festival - 1,058
- 1,123
Charitable activities
Arts festival 2,041 27,760
Fringe festival 264,856 5,995
Christmas market 9,372 8,279
Food festival 4,476 1,082
Cycling sportive 8,058 10,741
Classic car show 54 500
Haslemere events 950 4,339
Charter fair 11,596 -
Haslemere Hens - 33,119
Jubilee tea party - 16,633
D-Day anniversary 81 -
Depreciation of tangible fixed assets 758 758
302,242 109,206

This page does not form part of the statutory financial statements

Page 18

HASLEMERE FESTIVAL

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

2024 2023
£ £
Support costs
Finance
Bank charges - 104
Governance costs
Independent Examination 720 720
Total resources expended 302,962 111,153
Net expenditure before gains and losses (10,876) (10,334)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments (173) -
Net expenditure (11,049) (10,334)

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