REGISTERED COMPANY NUMBER: 05976080 (England and Wales)
REGISTERED CHARITY NUMBER: 1117355
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
FOR
RYEDALE FESTIVAL TRUST LIMITED
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
RYEDALE FESTIVAL TRUST LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Page
Chairman's Report 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 21
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RYEDALE FESTIVAL TRUST LIMITED
CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
Duringthe year,the Festivalcontinuedto pursue,withgreatsuccess,its core missionof bringinggreatmusicand the
arts to communitiesacrossRyedaleandwiderNorthYorkshire.The year was markedby strongaudience engagement
and a sense of momentum across all aspects of the Festival's artistic and organisational work.
TheFestivalcontinuestoenjoyenormoussupportandgoodwillfromitsloyalandenthusiasticaudiences,the warm
supportoflocalcommunities,andastrongnationalandinternationalreputationfortheexcellence and
distinctivenessofitswork.Anumberofimportantinitiativescontributedtothisprogress,includingthe continued
developmentoftheWaverleyYoungArtistsprogramme,newartisticpartnerships,andawidening geographical
footprintacrossNorthYorkshire.ThesedevelopmentsreflectaFestivalthatisconfidentinitsartisticdirection while
remaining responsive to the communities it serves.
A key factorbehindourcontinuedsuccesswas once againthe creativevisionandinspiredprogrammingof our highly
regardedArtisticDirector,ChristopherGlynn,whoalsocontinuedto providetheFestivalwithoutstanding leadership
of our brilliant management team.
This is my final report as Chairman,as I retired in October 2025 after five years in the role and ten years as a Trustee. It
hasbeenwonderfultoseetheFestivalflourishduringthattime,whilealwaysstayingtruetoitsartisticvalues. My
successorisEdAnderson,previouslyDeputyChairmanandChairoftheFinanceCommittee.Heissupportedby a
Boardof Trusteesthathasbeenstrengthenedby new appointmentsin recentyears,providingcontinuity, experience
and renewed capacity as the Festival looks ahead.
Geoff Potter
29.11.25
-1-
RYEDALE FESTIVAL TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
TheTrustees,whoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
with the financial statements of the charity for the year ended 31 August 2025.
The charity is also known as The Ryedale Festival.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thecharity'sobjectivesaretopromote,improve,developandmaintainpubliceducationin,andappreciationof, the
art and science of music, drama and the performingarts in all their aspects by the presentationof publicconcerts and
recitals and by such other ways as the charity through its committee shall determine from time to time.
Wereviewouraims,objectivesandactivitiesineachfinancialperiod.Thereviewlooksatwhatwe haveachieved in
thepreviousfinancialperiod.Thereviewlooksatthesuccessofeachactivityandthebenefitstheyhavebrought to
thosepeoplewe aimtohelpandhelpsus toensureouraims,objectivesandactivitiesremainfocusedonour stated
purpose.WehavereferredtotheguidanceintheCharityCommission'sgeneralguidanceonpublicbenefit when
reviewing our objectives and aims in planning future activities.
Allcharitableactivitiesfocusonachievingtheaimsstatedaboveandareundertakentofurtherthe charitable
purposesfor the publicbenefit.The Trusteeshave had due regardto guidancepublishedby the Charities Commission
on public benefit.
Volunteers are vital in assisting with the income generating activities of the Charity.
ACHIEVEMENTS AND PERFORMANCE
TheFestivalcontinuedtoshowstrongmomentumin2025,withrecordticketsalesandwellover1,000 people
attendingforthefirsttime.Thisgrowthwasespeciallysupportedbyactivityinnewareasofthecounty- including
Skipton,Northallerton,RiponandSelby- as well as severalnewlyaddedvillagevenues,bringingthe Festivalto many
people who had not experienced it before.
At the heart of this momentum is an artistic model built around three connected commitments:
First,tobringinternationallyrecognisedartiststobeautifulandhistoricvenuesacrossNorthYorkshire.This year's
programmefeaturedartistssuchas Jess Gillam,EricWhitacre,VOCES8,StephenHough,TimothyRidout,Kate Rusby,
Dame Harriet Walter, Arcangelo and the Royal Liverpool Philharmonic, among many others.
Second,tobreaknewartisticground,demonstratedthroughamajorprojecttorevivelong-neglectedworks by
Tippett,theworldpremiereofPhilipWilby'sorchestrationofArthurBliss'sViolaSonata,anexperimentalevent with
poet Caroline Bird, and a significant co-commission developed in partnership with Britten Pears Arts.
Third,tocreateopportunitiesateverylevel,seenintheWaverleyYoungArtistsScheme,anongoing collaboration
withBBCNewGenerationArtists,andawidevarietyofparticipationinitiatives- from'SongsThatMove',for people
with Parkinson's and other neurological conditions, to family workshops and 'Come and Sing' events.
SupportedbytheUK SharedProsperityFund,anewSpringFestivalfurtherwidenedparticipationandattracted high
levels of engagement across the region.
The 2025 AudienceSurveyfoundthat 91% of festival-goersratedtheirexperienceas "excellent"or "very good", while
welloverhalfjudgedRyedale"better"or"muchbetter"thanotherUK classicalmusicfestivals.Usingthe established
multiplierfrom the independent2024 economicimpact assessment,this year's activityis estimatedto have generated
well over £1.5m for the regional economy.
Together,theseachievementsreflectaFestivalthatisgrowinginreach,deepeningitsimpactandstrengthening its
role in the cultural life of North Yorkshire.
-2-
RYEDALE FESTIVAL TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL REVIEW
Investment Policy and Objectives
TheBoardholdsexcessfundsinaselectionofinterest-bearingcashdepositaccounts.Currentholdingswill be
reviewed to optimise investment returns in an accessible form consistent with the operating needs of the Company.
Financial performance
Thefinancialenvironmentforartsorganisationscontinuestohaveitschallengesbutdespitethis,the underlying
operatingperformanceof the Festivalhas remainedconsistentand robust.We achievedrecordticketsales across the
festival which included venues on our regular circuit and new additions in Skipton, Northallerton and Ripon.
The Festival'sfinancialpositionin 2025 was supportedby a combinationof earned income, donationsfrom individuals
andtrusts,andproject-basedpublicfunding.ThisincludedsupportfromArtsCouncilEnglandthroughitsGrants for
the Arts programme, alongside a grant from the UK Shared Prosperity Fund.
Wehaveagenerousandloyalsupportbaseinourmembers,individualdonors,supportersandcoreaudiences. Our
challengeis togrowthissupportbaseandengagea newgenerationof festivalparticipantsandattendees.There are
plentyof opportunitiesfor us to do so with the varied artisticoffer and communityengagementprogramme.This year
wewelcomeddonationsfromanumberofTrustsandFoundations,somefirsttimedonors.Inalphabetical order
gratefulthankstoTheLizandTerryBramallFoundation,TheBlissSociety,TheBlissTrust,CalmcottTrust,R E
ChadwickCharitableTrust,MainzCharitableFoundation,ThePatricia&DonaldShepherdCharitableTrust, The
Michael Tippett Musical Foundation, Troutsdale Trust and the Waverley Fund.
In the 2023-24financialyearwe recognisedin fullthe £90,000grantawardfromthe UK SharedProsperityFund with
expenditureforactivityspanningtwofestivalyears.Inaddition,adonationof£68,500tosupportthe2025 festival
wasreceivedinAugustlastyearandincludedintheAugust2024financialstatementstocomplywith accounting
policies.Expenditurerelatingtothesetwofundingsourceshasbeenincurredinthe2025festival,which partly
explainsthe net expendituredeficitof £110.5kin 2025comparedto a net surplusof £27kin 2024.Goingforward we
anticipate income to be more aligned with expenditure and matched to the financial year of receipt.
Overthelastthreefinancialyearsifwetakeintoaccountthesmoothingeffectofgrants/donationsreceived in
advanceoftherelatedexpenditure,thefestivalhasmaintainedreservesintheregionof£100k.Thisactsas a
reasonablebufferbutinnowayaretheTrusteescomplacent.Inpreparingthe2025-26budgetweareaiming to
break-evenbut this does depend on achievinga robustfundraisingtarget and the continuinggenerosityof donors and
supporters.TheBoardiscreatinganewDevelopmentCommitteetoensurethatfundraisingisakeypriorityfor the
future growth and sustainability of the Festival.
VAT
TheFestivalisVATregistered,chargingVAToncertainincomesourcessuchasmembershipfeesandbarsales. The
main Festivalincome,ticket sales, comes underthe 'CulturalExemption'scheme for VAT and no VAT is includedin the
price.The effect of thisis thatthe Festivalcan onlypartiallyrecoverthe VAT thatit incursbasedon a % recovery rate
relativetoitsVATablesupplies.Duringthecourseoftheyear£32.9kwaschargedtotheprofitandlossaccount for
irrecoverable VAT.
Income
In preparingthe financialstatementsin accordancewith the CharitiesSORP, as explainedin our accountingpolicies on
page 12, we are requiredto recogniseincomewhere the conditionsof entitlement,probabilityandmeasurement are
satisfied.This means that for a number of our donationsand grants,where not dependenton meeting specific service
conditions,we arerequiredtorecogniseincomethathasbeenpledgedaheadof whenitwillbe actuallyreceived by
the charity; and in the case of some multi-year grants, significantly ahead.
Inthe2025financialyear£nilofdonations(2024:£68K)wasreceivedforfuturefestivalsand£nilofgrants (2024:
£60k) was recognised for future festival expenditure.
-3-
RYEDALE FESTIVAL TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
Reserves policy
The Company'sReserves policyhas been to aim to buildup reserves to a level which meets the Festivalevent costs for
theforthcomingFestivalandalsotoenableanorderlywindingdownof theFestivalshouldtheBoarddecideon that
actionat any time in the Festival'syear.The Boardhas agreedto keep thispolicyunderreview in lightof the current
financial climate and structural and contractual obligations of the Festival.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Ryedale Festival Trust Limited is a charitablecompanylimited by guaranteegovernedby its Memorandumand Articles
of Association. It is registered with the Charity Commission.
Recruitment and appointment of new trustees
There shall be at least three Trustees and the maximum number of Trustees shall be twelve.
AllTrusteesareappointedfora fixedtermof threeyears.At theexpiryof theirFirstThreeYearTerm,a Trustee may
be appointedfora secondfixedterm of threeyears.At the expiryof theirSecondThreeYear Term a Trusteeshall be
requiredtostanddownfromofficeforaperiodofatleastoneyearfromtheendoftheirSecondThreeYear Term
beforetheycanstandforreappointmentunlesstheTrusteesresolvethatbecauseofexceptionalcircumstances a
Trustee may be reappointed for a third, and final, fixed three year term.
InOctober2025theTrusteesconfirmedtheirintentiontoamendtheArticlesofAssociationtoallow, exceptionally,
forTrusteeserviceinperpetuityshouldtheBoardresolveinrelationtoeachindividualcase,thatitwould be
detrimentalto the Trust to lose the individual'sskill and experience.In December 2025 Trustees agreed new wording;
the amendment process is now in train and expected to take effect early in 2026.
The Trusteesmay at any time appointa new Trusteeto fill a casualvacancyand the term of officeof the new Trustee
soappointedshallcontinueforaperiodofthreeyearsaftertheappointmentofthenewTrusteetothe casual
vacancy.
This year we were pleasedto welcome two new trusteesto the Board,Jenny Share (from 1 September2024) and Alan
Davey (from 1 December 2024).
TheFinanceCommittee,chairedbyEdAnderson,continuedtomeetquarterlytoscrutinisetheFestival's finances,
submitting its minutes and recommendations, including a Risk Register, to the wider Board.
TheNominationsCommittee,chairedbyAlisonSnell,continuedtomeetregularlytoplantrustee succession,
includingthatoftheChairman,andreviewpotentialrecruits,submittingitsminutesandrecommendationsto the
Board.
The trusteestakeseriouslytheirresponsibilitieswithregardto HealthandSafety.The roleof trusteeleadfor Health
andSafetyis nowheldbyJennySharewhochairsa HealthandSafetyGroupwhichincludestheArtisticDirector and
FestivalProducerinitsmembership.TheTrusteeBoardhasapprovedaHealthandSafetyFrameworkto ensure
effectiveoperationandreportingofhealthandsafetyarrangements.Thisframeworkincludesregularreports from
theHealthandSafetyGroup,anannualreportonhealthandsafetytotheTrusteeBoardaswellasformal annual
review and approval by the Board of the Health and Safety Policy.
-4-
RYEDALE FESTIVAL TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The charity is organised as an independent festival, under the overall control of a Board of Trustees.
TheBoardappointsanArtisticDirector,whoseroleistoprovideartisticandstrategicleadershipfortheFestival. He
leadsa team of staffwho manageall operationalaspectsof the festival,supportedby a largeanddedicatedgroup of
volunteers.
The festival'sactivitiesare geared towardsthe two-week Summer Festival period,but also encompassa Spring Festival
and standalone events through the year.
Staff and volunteers
The newly structuredmanagementteam successfullydelivereda logisticallycomplexfestivalacrossa wide geographic
areawithgreatskillanddedication.Theywereassistedtirelesslyandskilfullybyagroupofover100 volunteers,
without whose efforts the Festival would not be possible.
Awards and recognition
The 2025Festivalreceivedwideandappreciativecoverage.The Times notedthat"theRyedaleFestivalhas expanded
greatlyinrecentyears…offeringahealthyvarietyofmusicinsomeofthecountry'smostbeautifulbuildings." The
YorkshirePost observedthat"Ryedaleis now recognisedas one of Europe'spremierfestivalsof its kind",while Music
OMHwrotethat"asalways,theRyedaleFestivaljustkeepsonofferingusperfectionintermsofsetting and
performers."
A YorkshirePostop-edalsoreflectedontheFestival'sartisticambitionanditsgrowingcontributiontoculturallife in
North Yorkshire.
FiveconcertswererecordedforbroadcastbyBBCRadio3,extendingtheFestival'sreachtonationalaudiences and
amplifying the work of its artists and partners.
Outlook
Lookingahead,theFestivaliswellpositionedtobuildonthestrengthsof2025.Ourventuresintonewareasof the
county,theriseinfirst-timeattenders,andthesuccessofboththeSummerandSpringFestivalsprovidea strong
foundation for continued audience development.
The commitmentsthatshapeourartisticmodel- attractingleadingartists,advancingnew artisticworkand widening
opportunities- will remain central as we develop future seasons. Investmentin young musiciansthroughthe Waverley
YoungArtistsScheme,strengthenedpartnershipswithBBCNewGenerationArtists,anddeeperengagement with
community groups will continue to nurture talent and widen access.
Supportedbysustainedaudienceenthusiasm,excellentnationalrecognitionandtheinvaluablecontributionof our
volunteers,theFestivalentersthecomingyearwithconfidence,purposeandacontinuedcommitmentto share
outstanding music-making with the widest possible audience.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05976080 (England and Wales)
Registered Charity number
1117355
-5-
RYEDALE FESTIVAL TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
Registered office
The Memorial Hall
Potter Hill
Pickering
North Yorkshire
YO18 8AA
Trustees
G Potter - Chairman until date of resignation (resigned 20 October 2025)
E J S Anderson - Deputy Chairman, Chairman from 20 October 2025
H M Dobson - Treasurer
Y S Ali
A Beaumont Ellis
A Davey (appointed 1 December 2024)
A R H Grace
Reverend Canon Dr V L Johnson
T Schmidt
J E Share (appointed 1 September 2024)
A J Snell
During the year the company paid £983 (2024: £1,078) in respect of Trustee Indemnity Insurance.
Secretary
J E Share (appointed 20 October 2025)
G Simpson (appointed 1 May 2024, resigned 20 October 2025)
Independent Examiner
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
Bankers
HSBC
27 Market Place
Malton
North Yorkshire
YO17 7LU
Solicitors
Gerry Morrison
C\o Wilkin Chapman Rollits
Forsyth House
Alpha Court
Monks Cross
York
North Yorkshire
YO32 9WN
-6-
RYEDALE FESTIVAL TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2025
This reporthas been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating
to small companies.
Approved by order of the board of trustees on 9 January 2026 and signed on its behalf by:
E J S Anderson - Trustee
-7-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
RYEDALE FESTIVAL TRUST LIMITED
Independent examiner's report to the trustees of Ryedale Festival Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
thatI am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountants in
England and Wales, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
H Priest FCA
The Institute of Chartered Accountants in England and Wales
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
28 January 2026
-8-
RYEDALE FESTIVAL TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
142,710
Charitable activities
6
Festival events
263,303
Other trading activities
4
15,126
Investment income
5
2,120
Total
423,259
EXPENDITURE ON
Raising funds
Raising donations and legacies
7
10,312
Other trading activities
8
3,084
13,396
Charitable activities
9
Festival events
483,769
Total
497,165
Net gains/(losses) on investments
(178)
NET INCOME/(EXPENDITURE)
(74,084)
RECONCILIATION OF FUNDS
Total funds brought forward
180,492
TOTAL FUNDS CARRIED FORWARD
106,408 |
Restricted
funds
£
16,500
-
-
-
16,500
-
-
-
52,881
52,881
-
(36,381)
36,381
- |
2025
Total
funds
£
159,210
263,303
15,126
2,120
439,759
10,312
3,084
13,396
536,650
550,046
(178)
(110,465)
216,873
106,408 |
2024
Total
funds
£
172,206
324,034
12,984
2,290 |
|
|
|
511,514 |
|
|
|
17,176
2,278 |
|
|
|
19,454
465,054 |
|
|
|
484,508 |
|
|
|
378 |
|
|
|
27,384
189,489 |
|
|
|
216,873 |
The notes form part of these financial statements
-9-
RYEDALE FESTIVAL TRUST LIMITED
BALANCE SHEET 31 AUGUST 2025
Notes
FIXED ASSETS
Tangible assets
14
CURRENT ASSETS
Stocks
15
Debtors
16
Investments
17
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
20
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2025
£
10,331
1,382
61,658
4,817
130,252
198,109
(102,032)
96,077
106,408
106,408
106,408
-
106,408 |
2024
£
-
1,740
117,068
4,995
158,174
281,977
(65,104)
216,873
216,873
216,873
180,492
36,381
216,873 |
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 August 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 August 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.
The notes form part of these financial statements
continued...
-10-
RYEDALE FESTIVAL TRUST LIMITED
BALANCE SHEET - continued 31 AUGUST 2025
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon9January2026 and
were signed on its behalf by:
E J S Anderson - Trustee
H Dobson - Trustee
The notes form part of these financial statements
-11-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
1. STATUTORY INFORMATION
Thecharityisacharitableincorporatedentity,registeredinEngland&Wales.Thecompanyislimited by
guaranteeso has no share capital.In the event of a windingup of the company,the liabilityof the members is
limitedto£10each.Detailsofthecharity'soperationsandprincipalactivitiesaregiveninthe Trustees'
Report.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisa publicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK andRepublicof Ireland(FRS102)(effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoriccostconvention as
modified by the revaluation of certain assets.
Income
InaccordancewiththeCharitiesSORP,allincomeisrecognisedintheStatementofFinancialActivities once
the charityhas entitlementto the funds,it is probablethat the income will be received and the amountcan be
measuredreliably.Thiscanmeanthat,forgrantsanddonations,incomeisrecognisedaheadofwhenit is
received by the charity and in the case of multi-year grants, significantly ahead of receipt.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
Raising funds
Raisingfundsincludesallexpenditureincurredbythecharitytoraisefundsforitscharitablepurposes and
includes costs of all fundraising activities, events and non-charitable trading.
Charitable activities
Festival event costs - These are costs of staging the productions.
Support costs - These are costs of keeping the charity running.
Tangible fixed assets
Tangiblefixed assets are includedat cost. Items of equipmentare capitalisedwhen the purchaseprice exceeds
£100. Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life:
its estimated useful life: |
|
|
|
Rate |
Method |
|
------- |
------------ |
Office equipment |
20% |
Straight line |
Computers |
50% |
Straight line |
Depreciation in charged in full in the year of addition, and not charged in the year of disposal.
Stock
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow moving items.
continued...
-12-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
2. ACCOUNTING POLICIES - continued
Taxation
Thecompanyisacceptedasacharityfortaxpurposesandisexemptfromtaxonitsincomeorgainsto the
extent that they are applied for charitable purposes.
CreditreceivablebythecharityunderTheatreTaxReliefisrecognisedintheperiodthatthe qualifying
productiontookplaceto the extentthatthe receiptand value of the claim are reasonablyassured.The credit
is included in incoming resources from charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restrictedfundsaretobeusedforspecificpurposeslaiddownbythedonor.Expenditurewhichmeets this
criteria is identified to the fund.
Designatedfundsare to be used for specificpurposesbutthereis no legalobligationon the charityto use the
funds in this way.
Foreign currencies
Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingat the
balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateof exchange
rulingatthedateoftransaction.Exchangedifferencesaretakenintoaccountinarrivingatthe operating
result.
Hire purchase and leasing commitments
Rentalspaidunderoperatingleases are chargedto the Statementof FinancialActivitieson a straightline basis
over the period of the lease.
Investments
Investmentsare revaluedto marketvalueat the balancesheet date.Realisedandunrealisedgainsand losses
are included in the Statement of Financial Activities and in the net movement of funds for the year.
Thecharity'sinvestmentshavebeenclassifiedascurrentassetinvestmentsonthebasisthattheycan be
readily converted into cash.
Government grants
GovernmentgrantsarerecognisedintheStatementof FinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to profit or loss in the period to which they relate.
continued...
-13-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
3. DONATIONS AND LEGACIES
Donations
Legacies
4.
OTHER TRADING ACTIVITIES
Bar and gift shop income
Sponsorship and advertising
5.
INVESTMENT INCOME
HMRC repayment interest
Investment income
6.
INCOME FROM CHARITABLE ACTIVITIES
Ticket and programme sales
Subscriptions
Theatre tax credit
Grants |
2025
£
153,364
5,846
159,210
2025
£
4,829
10,297
15,126
2025
£
18
2,102
2,120
2025
Festival
events
£
226,224
3,593
6,486
27,000
263,303 |
2024
£
172,206
- |
2024
£
172,206
- |
|
|
172,206 |
|
|
|
2024
£
3,852
9,132
12,984
2024
£
-
2,290
2,290
2024
Total
activities
£
188,515
6,940
8,579
120,000 |
2024
£
3,852
9,132 |
|
|
|
12,984 |
|
|
324,034 |
|
continued...
-14-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
7. RAISING DONATIONS AND LEGACIES
Members' dinner
Promotional printing
Support costs
8.
OTHER TRADING ACTIVITIES
Opening stock
Purchases
Closing stock |
2025
£
1,361
6,833
2,118
10,312
2025
£
1,740
2,726
(1,382)
3,084 |
2024
£
868
14,619
1,689 |
2024
£
868
14,619
1,689 |
|
|
17,176 |
|
|
|
2024
£
1,683
2,335
(1,740
2,278 |
|
|
|
|
2,278 |
9. CHARITABLE ACTIVITIES COSTS
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Support |
|
|
Direct |
costs (see |
|
|
Costs |
note 10) |
Totals |
|
£ |
£ |
£ |
Festival events |
311,060 |
225,590 |
536,650 |
The figures reported above relate to the year ended 31 August 2025.
10. SUPPORT COSTS
Management
Depreciation
£
£
Raising donations and legacies
2,118
-
Festival events
222,836
2,754
224,954
2,754 |
Totals
£
2,118
225,590 |
|
227,708 |
The figures reported above relate to the year ended 31 August 2025.
continued...
-15-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
11. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2025 |
2024 |
|
£ |
£ |
Depreciation - owned assets |
2,754 |
- |
Other operating leases |
4,762 |
4,132 |
Independent examiner's fee |
2,845 |
2,710 |
12. TRUSTEES' REMUNERATION AND BENEFITS
There were no Trustees' remunerationor other benefits for the year ended 31 August 2025 nor the year ended
31 August 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31August2025norfortheyear ended
31 August 2024.
Expenses totalling £Nil (2024: £Nil) were reimbursed to the Trustees during the year.
13. STAFF COSTS
|
2025 |
2024 |
|
£ |
£ |
Wages and salaries |
97,486 |
103,479 |
Social security costs |
4,600 |
4,885 |
Pension contributions |
2,041 |
2,265 |
|
|
|
|
104,127 |
110,629 |
|
|
|
The average monthly number of employees during the year was as follows:
|
2025 |
2024 |
Management and administration |
3 |
4 |
Thenumberofemployeeswhoseemployeebenefits(excludingemployerpensioncosts)exceeded £60,000
was:
|
|
2025 |
2024 |
£60,001 |
- £70,000 |
1 |
- |
ThekeymanagementpersonnelofthecharitycomprisestheTrusteesandtheFestivalDirector.The prior
periodalsoincludesthegeneralmanager,wholeftthecharityinthepriorperiod.Thetotalremuneration of
thekeymanagementpersonnelwas£65,588(2024:£74,302).Thisfigurecomprisesgrosswages, employer's
national insurance contributions and employer's pension contributions for the Festival Director.
continued...
-16-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
14.
TANGIBLE FIXED ASSETS
Plant and
Computer
machinery
equipment
£
£
COST
At 1 September 2024
10,117
4,530
Additions
12,627
458
At 31 August 2025
22,744
4,988
DEPRECIATION
At 1 September 2024
10,117
4,530
Charge for year
2,525
229
At 31 August 2025
12,642
4,759
NET BOOK VALUE
At 31 August 2025
10,102
229
At 31 August 2024
-
-
15.
STOCKS
2025
£
Stocks
1,382
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade debtors
34,901
Other debtors
-
VAT
3,577
Prepayments and accrued income
23,180
61,658 |
|
Totals
£
14,647
13,085 |
Totals
£
14,647
13,085 |
|
|
27,732 |
|
|
|
14,647
2,754 |
|
|
|
17,401 |
|
|
|
10,331 |
|
|
|
|
- |
|
|
2024
£
1,740
2024
£
19,984
13,619
-
83,465 |
2024
£
1,740 |
|
117,068 |
|
|
Includedwithinaccruedincomeare amountstotalling£10,000(2024: £60,000)relatingto grantfunding which
willbereceivedandspentinfutureyears.UndertheCharitiesSORP,andasexplainedinthe accounting
policiesonpage13,incomeisrecognisedwhentheconditionsofentitlement,probabilityand measurement
are satisfied. This income has therefore been recognised in advance of receipt.
continued...
-17-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
17. CURRENT ASSET INVESTMENTS
18. |
UK Quoted investment |
|
|
|
|
|
|
|
2025 |
|
2024 |
|
|
|
£ |
|
£ |
|
Market value at 1 September 2024 |
|
4,995 |
|
4,617 |
|
Net unrealised gain/ (loss) on revaluation |
|
(178) |
|
378 |
|
Sales proceeds |
|
- |
|
- |
|
|
|
|
|
|
|
Market value at 31 August 2025 |
|
4,817 |
|
4,995 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Historic cost |
|
2,800 |
|
2,800 |
|
|
|
|
|
|
|
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income |
|
|
|
2024
£
19,898
1,892
1,186
14,011
28,117
65,104 |
|
|
|
|
|
|
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
10,331
Current assets
198,109
Current liabilities
(102,032)
106,408 |
Restricted
funds
£
-
-
-
- |
2025
Total
funds
£
10,331
198,109
(102,032)
106,408 |
2024
Total
funds
£
-
281,977
(65,104)
216,873 |
|
|
|
|
continued...
-18-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
20. MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Community Song Cycle
Ryedale Festival Strategic Growth Support
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Community Song Cycle
Ryedale Festival Strategic Growth Support
Specific Concerts - Restricted
TOTAL FUNDS |
s follows:
Incoming
resources
£
423,259
-
-
16,500
16,500
439,759 |
At 1.9.24
£
180,492
5,000
31,381
36,381
216,873
Resources
expended
£
(497,165)
(5,000)
(31,381)
(16,500)
(52,881)
(550,046) |
Net
movement
At
in funds
31.8.25
£
£
(74,084)
106,408
(5,000)
-
(31,381)
-
(36,381)
-
(110,465)
106,408
Gains and
Movement
losses
in funds
£
£
(178)
(74,084)
-
(5,000)
-
(31,381)
-
-
-
(36,381)
(178)
(110,465) |
|
|
|
|
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Community Song Cycle
Ryedale Festival Strategic Growth Support
TOTAL FUNDS |
At 1.9.23
£
179,489
10,000
-
10,000
189,489 |
Net
movement
in funds
£
1,003
(5,000)
31,381
26,381
27,384 |
At
31.8.24
£
180,492
5,000
31,381 |
|
|
|
36,381 |
|
|
|
216,873 |
continued...
-19-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
20. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Community Song Cycle
Ryedale Festival Strategic Growth Support
TOTAL FUNDS |
Incoming
resources
£
416,597
4,917
90,000
94,917
511,514 |
Resources
expended
£
(415,972)
(9,917)
(58,619)
(68,536)
(484,508) |
Gains and
Movement
losses
in funds
£
£
378
1,003
-
(5,000)
-
31,381
-
26,381
378
27,384 |
|
|
|
|
Unrestricted fund
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds
Restricted funds are to be used for specific purposes laid down by the donor.
Thenotesabovesetouttherestrictedincomereceivedandutilisedinthisandtheprioryear.The balances
carriedforwardrelatetofundingwhichhasnotbeenutilisedfortherestrictedpurposeatthebalance sheet
date.
Restricted funds include:
Community Song Cycle
TheFestivalhasalongtraditionofCommunityOperasandCommunitySongCycles,co-created by
professionals and amateur performers, and bringing together people from all walks of life.
Ryedale Festival Strategic Growth Support
This representsgrantincomeawardedunderthe UK SharedProsperityFundthatsupportedvariousaspects of
the festival's development, including a Spring Festival supporting local creativity.
Specific Concerts - Restricted
Fundingawardedtosupporttherunningofspecificindividualconcertsatthe2025festival,including a
performance of Tippett's 'Crown of the Year' and a performance of Bliss' Viola Concerto.
continued...
-20-
RYEDALE FESTIVAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2025
21. CONTINGENT LIABILITIES
There were no known contingent liabilities as at 31 August 2025 or 31 August 2024.
22. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
23. STATUS
The companyis limitedby guaranteeso has no share capital.In the event of a windingup of the company, the
liability of the members is limited to £10 each.
24. THEATRE TAX RELIEF
TheTrusteeshavesubmittedaclaimforTheatreTaxRelieftoHMRevenue&Customsforthe2024 Festival
totalling£6,486.Thisamounthasbeenrecognisedasincomeinthestatementoffinancialactivitiesandas a
debtor in the balance sheet of these accounts.
The Trustees will also be submittinga claim for Theatre Tax Relief for the 2025 Festival,but considerit prudent
not to recognise this income until the claim has been made and agreed.
-21-