Market Bosworth Festlval Limited Report ond Flnanclal Statements For the year ended 314t August 2025 Reglsterod Charlty number: 1110353
MaTket Bosworth Festlval Llmttod Report ofthe Trustees Forth• year •nd•d 31"August 2025 Cont•nt• Page Rèport of th8Tru8ie&s 14 Report of th8 Independ8nt Examinor Statement of FinancialActivities Baion¢g Sheet Note8 to the Financial Ststements 8-10
Markel Bosworth Fostlval Llmlt•d Report ofthe Trustees Forth• y•ar •nd¢d 31" August 2025 TheTru8tee8 presenttheir Teporttogetherwtth the financial 8tstom8nts ofthe charityforthe year ndod 31° August 2025 Organ14atlona( •tructur• The Company was e8tabil8hed under a Memorandum of Association which ostablished the objects and powers of the ch8ritsble comp8rry 8nd is governed under its Articl8s of Assoc18tion. The org8nls8tlon is a charit8b18 compary Ilmlted by guarantè8. incprpor8te¢J on 20" December 2004 and registered as a charlty on 8" July 2005. The company was establlshed under Memorandum of A$¥ociBtion which 08tsblished the object$ and powers of the charitable company and Is governed under lis Articl8s of Assocl8tlon. In the 6v8nt of thè company being wound up mèmber8 aro required to contribute on amount not QX¢Qgding £1. Gov•rnanc• and M•nag•m•nt The Trust h*$ four Dlrector8 plus o ¥mall numb8r of voluntsgr$ %•tho regulorly attend and partlCiP8te in Trust 188dershlp Meen88. known as Man8g8m8nt Commltt88 M88tlng5 and ovenls. There Is 8 good mlx of u88r group repr88&nt8tlve8, buglne8s 8kllL8 8nd 80clal dlverslty wlthln the Committee. Notice3 promoting the Trust's work art di8piayed In the local area and enyone who Is Interested in supportlng ourwork Is invited to becom8 more involved. Expre8slons of intere3t to be 8 Dir8Ctor arg welcomed and prosp8ctivg Tru8te9• are appolnt8d by th9 exlstlng Board of Dlrectors . All members of the Managemènt Commltteè gNe thèir tlme volunt8rfly and rec•lve no b8n8frts from the charlty. The Trust'8 annual accounts are reviewed by an indgpgnd9nt Pgr80n In the interest8 of tTAn8P8rency. Obl•Gllv•• Jnd •ctlvftl•s The MÈrket Bosworth Fe8tlvAI18 njn by a dedic•ted group of localvolunteer8 and 88ek8 to develop ond promote arts, cr8ft3 snd muslc In and around the plcturesquetown ot Market Bosworth, Lelc08tershlre. By organlslng a 8erle8 ot events In thelovm over the course of the year, we provlde opportunltles to artist8 ènd pertormer8 alike. while involvingour loc81 communty. Aclfvllles and Achl•v•rn•nts Last year thg Festival brought a very extensive ond divor¥e range of events to Market Bosworth. Includlng comedy. music. art and the8tre. Therg wgro throe"lesters" Comedy Evenings. featurlng J compere and three comedion8, whloh provgd as popular 88 ever. Thg popular historian and perfom)er Le8leySmith returned to the Pari8h HalL thls tlme appearing. in front of a sell-out crowd, as Mary Queen of Scots. The Fè8tive Season WB8 marked by a porfornignce of"AChristmB3 Carol. and by a candlelit oncert in St Peter's Church. The ¢hur¢h also pi¥yed host to a production of tho play,"A Month in th& Country". while tho Mikron Th88trg Cornpgny retum&d again. with tts 18tg8t production."Oper8tion 88gch Hut". There was also outdoortheaire. wlth a performance of Sheridan's 18" century comedy.°The Rlvals.. on the Parish Field.
Market Bosworth F•stNal Llmlt•d Report of the Trustee$ Forihe yoaT endèd 31"August 2025 The Dixle Grammgr School pigyed host again to the Market Bo8WOrth Fe8tivalArt Exhibition. which saw the usualwide rangè of10¢81 artists displ8yln8 th8ir tslents. The bigg88t wnt of tha y•ar. of course. wo8 the free day°Bo8fesV fest¢val. faaturing liv music, food, arts and crafts 8nd 8 variety of chlldren's activities. This wa8 the second year of °8osfest" and it proved to be ever more populmr. wf(h an estimated three thousand vlsitor8 Ovor the weekènd. The event not only delivered great entertainm8ni for Ioc81families, it also provided an opportunity foryoung performers to appear on ho big Stage". In maklng decision8 wbth re8pectto th¢ rIOuS events included In the Festlval's programme for th8 ytsar, the Tru8te88 have taken due r8gaTd of the CharityCornmi¥sion'8 public baneflt guldance. Flnanclal R•vl•w The financial yo8r 2024-2025 wo8 a ¥uc¢e¥sful one. vAth the charlty moderatsly in¢rg88in8 It r8seNes to £38880. Total incomo Wo9 in ex¢e88 of £39.617, th8nksto strong tlckgt revenue and the contlnued generosity of our sponsorg. Grants, sponsorship and donatlons amountgd to a tot81 of lust over £8000. Tot81 expendlture wa8 approximatoly £36.722. wlth the two day"BosfeJt" fe¥tlval 8ccountin8lor much olthls. It cost almost £17000 to sts8O thlB one event ènd it Incurrod a 8ub8t8ntlal1083. of opproxlmetely £6000, as It dld in 2024. The Commftt8e continues to tollow a policy whereby. in broad terms, the fSn8nclal losses re8ultlng from"Bosfest" and the general marketlng and administrotive costs of the charity are covered by proflts gen•r8ted by the other events during the year. combined with tha Income from grants, 8ponsorshlp and donaiion$ rferred to ab(Ne. R•••rv•• Pollcy Largely a8 & re¥ult of 8ever•l v&ry$uecessful events in ihe p88t. the chority has built up reserves of £36,880. Given its continuod rtliance on sponsorship and donations to cover it$ eo8t$, the Commlttee take3 the view that maintaining 8 re8eNe of gpproxlmatgly £3000018 prudent and would enable the continued existence of the charity for Some years even In the event of such 8UPPOrt being 8ignificantly reduced. for example. In the wake of 9nothgr financi81 crFsI8. Moreover. interest eamed on the re8prv88 Contributss to the ongolng c08t8 01 the charlty, Given that reseN8$ are currently in excess of target, the Commttte& beliwes It Is able to pursue a Iowgr priclng stralegyfor events In the nextflnancl8lyear lèg significant discounting for children 8t the Christmas pantomime) and is exploring other p019ntio1 avenues for promotlng tho ans. In Ilnewlth Its 8lm$. Volunt••rs Thè Tru8te88 and Commlttee Members of the M8rket Bosworth Festival are allvolunteers. In addbtlon. the ¢harty Is pgrtlruL8rlygratefvl io gllthe other helpers and partners of Committee Memberg, without whom rt would be impossible to run the number and variety of events currBntly undertaken.
Morket Bosworth Festival Limited Report ofthe Trustees Forthe year ended 31" August 2025 Structure, govornanoe and managem?nt Ofli¢ers ofthe M$rket Bosworth FestiV81 gre eLe¢ted 8nnu81ty and its pro¢odure$ are set out in the constitution of the organisation and Ihe Memorandum and Article8 of A380cietion. Committee meetingts take placè rnonthly. with 8ub-comrnttt6è9 68tabti8hed 89 r8quir8d in order to progress IndlvSduo1 events. Futur• dovoiopmfrnts Fundr8i8inglrom 8pon8orsl patrons and grant fundlngfrom entities such os the Dixio Educational Foundatlon and M8rket Bosworth Parish Council make a 8ub8t8rrtlal contrlbutlon towards the overh8ad8 of the Ch8rity 8$ It woik8 to promote the orts In the local area. The Tru8t has no reason to believe that the Sponsors and Patron$, along wfth the Dixie EducatSonal Foundation and Market B03WOrth P8rlsh Councilwill not continue to Contrlbute to the overheod$ of the Chgrbty In thg forg¥ge8blg future. Invg$tmont policy- GIv8n that the Charity currently hold8 reserve8 well In excess ol tlo funds n8c•s$8ry for the day-to416y running of operations, 8urplu$ fund8 #re Invest¢d In fixgd intero8t r8t8. FSC protected bond8. the Iniore8t from whlch goes towords fundin8event¥, Tru•t••• The trust8eg holding offlce durlngthe whol8 year unless Otherwlje 8t&ted wgrg 88 follow8: Loul8e Mohac81 Elizabeth Alun-jon Russell Buxton Timothy Richardson Dave Carter joann8 ConneLi Ghglr Vlce-chglr Trga3urèr Tiu$tee Trust88 Trustee TTU¥t•e¥' r••pon•lbllttlv In reiatlon to th•fln•n¢lal •tatom•nt• Law appllcoble to charitles in England and Wale3 requlies th? trustees to propgre finonclal sIBtem8nts for e8ch financiol year which gNe a true and fair view of the charity's ilnanelal 8Ctlvili88 during the y68r ond of its flnanclal pos10n at the end of the year. In prep8rlng those financial stetements. the tru8tet8 are required to- sele¢t sult&ble aecountlng policles and then apply them con818t8nily: make jud8m¢nts and estirnates that are reasonable 8nd prudent: statg whether oppiieablg accounting 8t8ndards and statements of recommended practice have been followed 8ubject to any departur¢3 di¥cloaed and p101nd in tho flnoncial stst8ments' and prepare the fln8ncial statements on the going concem ba818 unl88S it 18 inappropriate lo presume that the charitywiu continue in business. The trustees 8re responsible for keeping accounting rOrdS which disclose with reesonable accuracy at any time the financial position of the charity and enable them to ensure that the fin8neial statement8 complywith the Charities Act 2011.They are also re8pon8lblo for
Market Bo$vmrth Festlval Limltod R•port ofthe Trustees Forthe year 8nd•d 31° August 2025 safeguardlng the assets of the charity and hence for tsking regsonable step8 for the prevention 8nd detection of fraud and other irr•gularitios. Approved by the trustees on. Ru88ell Buxton Trustee
Independent Examlnerfi Aoport to the Trustees of Market Bosworth Festlval Llrnlt•d I reporton the accounts of Market Bosworth Fe8tival Limtted fortheyear end8d 31"August 2025, which compri88 the statement of financial activrti88. the balance sheet and the related notes. Resp¢ctlve rosponslbllltlos of truste and •xamlner Th8 charlty's trust&e$ 8r8 responsible forthe prepaiation of the accounts. The charlty's tru8ts88 considerthat an audit is not required forthisyear undersection 144of the Charltle3Act 20111th9 Charitl8s Act) and that an ind8pend8nt examination is needed. It Is my re$pon$ibilityto: examine the account8 under 8ection 145 of the Charit18s Actr, to follow the procedures lald down In the general Direction8 given by the Charlty Comrnlsslon lunder 5ectlon 145151 Ibl ot the ChariileB Actl- and to state whether partlcular matters have coma to my attentlon. Ba•ls of Ind•p•nd•nt •Mmln•r'¥ r•port My examlnotlon wos ¢grrled out in o¢¢ordancg wth the General Direction8 given by the Charity Comm1881on. An examin8tlon Includes a revlew ofthe accounting r9cords kept bythe charlty and è cornparlson ofihe accounts presented with those records. It also includes considoration of any unusual Itfjms of dlsclosures In the accounts and seeking explanatlons from you as trustee8 concerning any such mgtter8. The procedures undertaken do not provide 811 the evidenca that would bg required in an 8udlt, Ènd consequentty no opinion Is gfven 08 to whether the account? present g 'trug gnd fair, vigw ond the report is Ilmlted to those matt&r8 sat Dut In the statsment below. Ind•p•nd•nt •x•mln•r'• •t•t•m•nt In connectlon with my examination, no mgtter ho¥ ¢omg to rny 8tt6ntiDn: 1. whl¢h givos me reasonable cèuseto beliove th81 In any moterl•l reJpectth9 rgqulroment8 - to keep accountlng records in accordance with 88Ction 130of th8 2011 Act,. and - lo preporg a¢counts which accord the accounilng rocord8 and to complywTth the accountlng requlrements of tho Choriti08 A¢t hav8 not bgen mgt; or 2. to whlch, In my oplnlon, 8ttention 8hould bg drawn in order to enable a proper undor8t0ndin8 ol the linancial 3tstèments to bg reached. M8rzena Wrlght 2 West End Bariostone Warwick8hire CV130EJ Date:
Market Bosw>rth F8stfvo1 Llmlted Statement of FinanclalActlvities Forlh• y•ar ended 31"Augu8t 202S Notes 2025 Unr8Strictsd Aastrictod Income Donatlon8 8,100 Income from charltabie 8ctivitit8 TotHI Ingorn• Exynditur• Charlteble Actlvltles Total Exp•ndltur• N•t In¢omellExp•ndltur•) Toial Fund8 Brought Fonyard Totol Fund• Carrl•d Forward 38,880 Tho notes form part ofthes8 financial ststements
Market BwJworth Fe¥tlv81 Llmrt8d Balance Sheet 31"August 2025 Notes 2026 Current ass•t• Debtors Stock Cash at bank and in hand 280 36.857 37.537 Cr•dltors: Amounts falling due within oneyear 657 N•t currant as8•1 36,880 Totalass•l¥ i••$ Cuirnnt Uabllltl•• Fund• Unrestrlcted and De81gnated 36,880 Restrlcled 2011112025 Approved bythe Tru¥tg98 on...........................4nd Signed on thelr behalf by Ru88811 Buxton Tru8te The note8 fomi parr of these financial statements
Market Bosworth Festival LlmSt•d Nots$ to the Financial Statementy Forthe year ended 31"August 2025 1Accountlng Policio• The fin8nci81 stst8m8nt8 have been prepared in accordance with Accountlng 8nd Reportlng ty Charities: Statement of Recommonded Practice appliuble to charitigs prgparingtheir accounts in 8ccordance with tho financi81 Roporting Stsnd8rd for Smaller Entliies publlshed on 16July 2014 and the Financial Reporting Standard for Smaller Entttses {8ffective April 20151. al AcGountlngcorw•ntlon The fln8nclal $t8tement8 are prepared under the h18torlcal cost convention, and on a golng concgrn basis. b} Income r•cognltlon Income18 recognlsod In the perlod to vthich it relatss. o) Exp•ndltur• Expendlture Is accountsd for as It becomes due and has been alioGotgd to activltie$ on a bo81¥ consistent with the u¥0 ol resources. dl T•nglbl• flx•d ••••t• Tanglble flxed assets are stated In the b81once sheet at thelr g¢qul8itlon co8t1888 accumulated depreciatlon. Depreel81ion 18 provlded on 811 tangible fixed 89$gt¥, to write of the c08t 1835 68tim8ted re91duAlvèlue of egch 888èt ov8r It8 oxp•¢l•d useful Ilfo 88 follows: . Plant and Mb¢hln•ry-25%onco8t Flxture and fttrlng8- 25% on c08t . Computor equipment-25% on cost •) T•x•tlon The activltl88 of the charlty are exempt trom taxation on the ngt Incoming résourc•8. fl Fund• Unrostrlcted fund8 arg avallablg io bo u88d tor purposes withln the object8 Ot the charity at the di$cr6tion of the trustees. Restricted funds can only be used for specbflc re3trlcted purpose8 wlthln tho oblgct$ of thè charfty. The restri¢tion8 are Specified by tho donor or whgn funds ere ralsed for partlcuiar restricted purposes. 2.Donatlon- Ineomè 2025 Donations and Leg8cie8 8.100
Markot 808worth F08tival Limlted Notes lo the Flnanclal Slatoments {¢ontlnued) For the year onded 31" Augu¥t 2025 3. In¢ome from th• charitabl• actl¥ltl•s: 2025 Events Bank interest 30.981 536 Expendlturg• of Charltabl• a¢tlvltl•¥ 2025 Purcha8e8 8.364 P&rformer8 10.805 Sm811 equlpment 2.090 Entertalnment 550 pps LlcgnGes ènd Insuranco Sundry exp&n¥e8 189 Web8i18 41 Donallon8 750 Renl of gqulpment 6,189 Temporary¥taff 855 Ret81ngr 2.216 Hall hlre 276 Borbk charge$ Openlng Stock 158 Clo¥lng Stock Advert18ing
Market Bosworth Fe¥ti¥al Limited Notes to tho FinanelalStstement$ l¢ontlnu•dl Forihfryoarended 31"August 2025 7. Debtors: Amoumsfalllng du•wfthin ono yoar 2025 Prepayments . Cr•dltor•: Amount8 f41Ung du• wlthln on•y•ar 2025 Trado ¢rodilor¥ 9. Analy¥l• ol n•t ••*•t• amongfund• Unr•¥trl¢t•d R••trlot•d Tot•1 Cash at bank Other current a¢t¥ Current Ilabllrtles 36,857 36,857 680 165J J65J 36,880 10