Company registration number: 04420519
Charity registration number: 1120239
Ashbourne Arts Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 August 2024
Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 IGP

Ashbourne Arts Limited
Contents
Reference and Administrative Details
Trustees, Report
2to4
Statement of Trust￿5, Responsibilities
Independent Examiner's Report
6t07
Statement of Financial Activities
Balantr Sheet
9tolO
Notes to the Financial Statements
llto16

Ashbourne Arts Limited
Reference and Administrative Details
Trustees
S G Liverman
T A Challans
J P Rodgers
A F Rosser
C J Walker
S A McQueen
D J Millman
Secretary
A F Rosser
Prfnclpal Office
St John's Community Hall
Off King Street
Ashbourne
Derbyshire
DE6 IEA
Registered Office
St John's Community Hall
Off King Street
Ashbourne
Derbyshire
DE6 IEA
The charity is incorporated in England and Wales.
Company Registration Number04420519
Charity Registration Number 1120239
Independent Examiner
Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashl)ourne
Derbyshire
DE6 IGP
Page I

Ashbourne Arts Limited
Trustees. Report
The trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements of the charitable company for the year ended 31 August 2024.
Objectives and activities
Objerts and aims
The Charity's objectives are to promote, encourage, maintsin and advance the education through the
arts, including the art of music, singing, drama, literature, painting and visual arts. Including the
promotion of contrrts, performance, exhibitions, workshops and other activities for the benefit of the
inhabitants of Ashbourne and surrounding district and those that visit the area. The trustees do this
primarily, but not exclusively through an annual festival and an annual lantern procession.
Public benefit
The objects of the Company are to provide opportunities for both professional and non-professional
artists and the community of Ashbourne and surrounding areas to come together for the initiation,
organisation and promotion of artistic attivities, including in particular through an annual festival, and
to promote the benefits of the arts generally within this community.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act
2011 to have due regard to the public benefit guidan￿ published by the Charity Commission for
England and Wales.
Achievements and performance
The charity wa5 once again able to promote a two-week summer cultural festival, following an
enhanced Christmas Lantern 'Spectacularf in 2023.
The second phase of 'Ashbourne Creates, (a community arts projett with a wildlife and sustsinability
theme, part-funded by a substsntial grant from Arts Council England) involved a series of creative
workshops producing ambrtious new lanterns that featured strongly in the Christmas event. Once
again, the marching drummers of 'Spark!' led the protrssion, attracting widespread IcKal and social
media coverage.
The Ashbourne Festival included a two-day 'str￿tfe$¥, several sold-out shows, a week-long art
exhibition and a further free-to-attend picnic and music event in the town's Memorial Gardens.
An undoubted highlight this year was an incredible feat of escapology from beneath a crane high
above the Market Square. This unique att was very effettively marketed through social media and
drew crowds literally running to the scene.
The Lantern Spectacular and summer Festival featured a number of Iccal organisations - including
Ashbourne Cadets, youth football and women's rugby clubs, Ukrainians and Young Farmers - with
whom the Charity is building stronger ties for the future.
During the period, the Charity completely renewed its rr system. Majority grant-funded, the new
machines and software enable more people to aC￿sS the system and to work more effectively whilst
away from the office.
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Ashbourne Arts Limited
Trustees. Report
Financial review
Policy on reserv
The Directors of Ashbourne Arts Limited have set a reserves poliq which requires:
Reserves to be built up and maintained at a level which ensures that our core activity, of an annual
festival, could continue during a period of unforeseen difficulty.
A prowrtion of reserves be maintained in a readily realisable form.
The calculation of the required level of reserves be an integral part of the organisation's planningi
budget and forecast with consideration being given to the risks associated with each stream of
income and expenditure, the planned activity level and the organisation's commitments.
Raising funds from individuals, businesses, charities and public bodies is a vitsl element in putting on
the annual Festival and events. This year, total donations (excluding grants) remained at last year's
high-water mark.
Engaging more high-profile performers for the Festival justified raising of ticket prices after 2023's
freeze. Combined with careful cost management, this produced several very profitsble events. The
cost of Streetfest increased, partially offset by sponsorship and bucket collections. Overall, Festival
income rose by significantly more than costs compared to 2023, turning the previous year's loss to a
surplus.
However, the year-end cash position was slightly below the previous period. This was due to net
expenditure on the final (Christmas) phases of the 'Ashbourne c￿ates, projert, covered by an Arts
Council grant funding re￿iVed in FY 2022123.
Plans for future periods
Aims and key objectives for futurE* periods
Whilst the Company's core aims and objectives remain consistent over time, risks and opportunities
have been identified that will influence the charity's operations. As the 'Ashbourne Reborn, project
takes shape, the￿ will undoubtedly be disruption to roads and public Spa￿S that will impact the
Usual Festival routines. It is also understood that some established performance venues are at risk of
closu￿. However, the government grant and investment in the town will improve the availability and
standard of other facilities, Potentially rewarding more collaborative ventures with organisations and
businesses to identify and promote artistic perfomiance5 and activities.
Despite inflationary pressures and constraints on public spending, the TruSt￿S will continue to seek
grant funding which, along with self-generated revenue, would enable the Charity to undertake larger
cornmunity-based arts projects.
Going concern
Going forward the TruSt￿S have considered the impatt of significant risks on the Company and
concluded that there are no material uncertainties related to events or conditions that cast doubt
upon the Company's ability to continue to adopt the going concern basis of accounting,
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Ashbourne Arts Limited
Trustees, Report
Structurei governance and management
Nature ofgoveming document
The charity is governed by its memorandum and articles of association dated 19th April 2002.
The constitution of the charity is that of a limited company.
Recrultment and apwntment of trustees
The Board of Directors when complete consists of at least five and not more than ten individuals, all
of whom must be members.
One third (or the number nearest one third) of the Directors must retire at each AGM, those longest
in Servi￿ retiring first and the choice between any of equal serdice being made by drawing lots.
Retiring Directors are eligible for ￿elertion.
The annual reFx)rt was approved by the trust*s of the charity on 7 May 2025 and signed on its
behalf by:
D J Millman
Trustee
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Ashbourne Arts Limited
ststement of Trustees, Responsibilities
The trustees (who are also the directors of Ashbourne Arts Limited for the purposes of company law)
are responsible for p￿parIng the trustees, report and the financial statements in accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prattl￿) and
applicable law and regulations.
Company law requires the trustees to p￿pare financial ststements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable company and of its incoming
resources and application of resour￿, including its income and expenditure, for that period. In
preparing these financial ststements, the trust￿5 are required to:
selett 5uitsble accounting policies and appFy them consistently;
obseNe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
stste whether applicable UK Accounting Standard5 have been followed, subject to any material
departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitsble company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transaction5 and disclose with reasonable accuracy at any time the
financial position of the charitsble company and 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 hen￿ for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Approved by the trustees of t
arity on 7 May 2025 and signed on its behalf by:
D J Millman
Trustee
Page 5

Ashbourne Arts Limited
Independent Examiner's Report to the trustees of Ashbourne Arts Limited
We report on the accounts of the charity for the year ended 31 August 2024 which are set out on
pages 8 to 16 .
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purp)ses of company law) are
reS￿)nSIble for the preparation of the accounts. The trustees consider that an audit 15 not required for
this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent
examination is needed.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible
for independent examination, it is our responsibility to:
examine the accounts under section 145 of the 2011 Art.
to follow the procedures laid down in the general Directions given by the Charity Commission
under sertion 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to our attention.
Basls of independent examinerfs report
Our examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and 5￿kIng explanations from you a5 trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit and consequently no opinion is given as to whether the accounts present a
'true and fair view, and the report is limited to those matters set out in the ststement below.
Page 6

Ashbourne Arts Limited
Independent Examiner's Report to the trustees of Ashbourne Arts Limited
Independent examiner's statement
In connection with our examination, no matter has come to our attention..
{l)which gives us reasonable cause to believe that in any material respeci the requirements:
to k&p accounting records in accordan￿ with Section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and principles of
the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met. or
(2)to which, in our opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 IGP
7 May 2025
Page 7

Ashbourne Arts Limited
ststement of Financial Artivities for the Year Ended 31 August 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Totsl
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitsble activitie5
29,410
29,410
45,593
Total Income
Expenditure on:
Charitable activities
Totsl Expenditure
Net income
Net movement in funds
1,322
1,322
15,638
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12
All of the charity's activities derive from continuing operations during the ab)ve two periods.
The funds breakdown is shown in note 12.
Page 8

Ashbourne Arts Limited
(Registration number: 04420519)
Balance Sheet as at 31 August 2024
2024
2023
Note
Fixed assets
Tangible assets
5,615
1,522
Current assets
Debtors
Cash at bank and in hand
2,244
2,472
40,324
43,074
Creditors: Amounts falling due wlthin one year
Net current assets
10
Total assets less current liabilities
44,679
43,371
Creditors: Amounts falling due after more than one
year
li
45
59
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
12
Page 9

Ashbourne Arts Limited
(Registration number: 04420519)
Balance Sheet as at 31 August 2024
For the financial year ending 31 August 2024 the charity was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors, resFonsibilities:
The members have not required the charity to obtain an audit of its accounts for the year in
question in accordance with section 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of accounts.
These accounts have b￿n prepared in accordan￿ wtth the provi5ion5 applicable to companies
subjett to the small companies regime.
The financial ststements on pages 8 to 16 were approved by the trustees, and authorised for issue on
7 May 2025 and signed on their
by:
D J Millman
Trustee
Page 10

Ashbourne Arts Limited
Notes to the Financial Statements for the Year Ended 31 August 2024
I Charlty ststus
The charity is a charity limited by guarantee and consequently does not have share capitsl. Each of
the trust*s is liable to contribute an amount not exceeding El towards the assets of the charity in
the event of liquidation.
2 Accounting pollcies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are *t out
below. These Folicies have been consistently applied to all the years presented, unless othenNise
stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of I￿land (FRS 102) and the Companies Att 2006.
Basis of preparation
Ashbourne Arts Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless othe￿ise ststed in the
relevant accounting wlicy notes.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not
included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be ￿e1Ved and the amount of the income receivable can be measured reliably,
Donatlons and legaaes
Donations are recognised when the charity has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that ￿qUIre a level of
performan￿ by the charity before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the
reporting period.
Page 11

Ashbourne Arts Limited
Notes to the Financial Statements for the Year Ended 31 August 2024
Grants receivable
Grants are recognised based on the accrual model and are measured at the fair value of the asset
received or receivable. Grants are classified as relating either to revenue or to assets, Grants relating
to revenue are recognised in income over the period in which the related costs are recognised. Grants
relating to assets are reccgnised over the expected useful life of the asset. Where part of a grant
relating to an asset is deferred, it is recognised as deferred income.
Donated seThi£ps and faalities
Donated seryice5 and facilities are not recoJnised in the accounts but they are acknowledged in the
published material and website.
Expenditure
All expenditure is recognised once there is a legal or constwctive obligation to that expenditure, it is
probable settlement is ￿qUIred and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be direttly attributed to particular headings they have been allocated on a basis consistent with the
Use of resources, with ￿ntral stsff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allooted based on the
spread of staff costs.
Charitable artivitses
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be all¢xated directly to such activities
and those costs of an indirect nature necessary to support them.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Asset dass
Office equipment
Plant and machinery
Depreclation method and rate
330/0 Straight line
250/0 reducing balan
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees, discretion in
furtheran￿ of the objectives of the charity.
Page 12

Ashbourne Arts Limited
Notes to the Financial Statements for the Year Ended 31 August 2024
3 Income from donations and legacies
Unrestricted
funds
Total
2024
Total
2023
General
Donations and legacies.
Donations
Donations from friends, supporters and patrons
Grants, including capital grants;
Government grants
8,173
12,910
8,173
12,910
7,373
13,715
4 Income from charitable activities
Unrestricted
funds
Total
2024
Total
2023
General
Bar income
Ticket sales
Art sales and other activities
7,642
39,381
7,642
39,381
2,407
24,630
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Ashbourne Arts Limited
Notes to the Financial Statements for the Year Ended 31 August 2024
5 Expenditure on charitable activities
Activity
undertaken
directly
Total
2024
Totsl
2023
Event expen*s
Establishment costs
Office costs
Subscriptions and donations
Advertising and promotion
Accountancy fees
Insurance
Depreciation of tangible assets
Bank charges
62,525
2,880
3,564
165
5,256
1,221
1,332
1,770
195
62,525
2,880
3,564
165
5,256
1,221
1,332
1,770
195
49,725
2,705
2,713
160
5,132
1,342
1,002
520
137
£78,908 (2023 - £63,436) of the above expenditure was attributable to unrestricted funds and £Nil
(2023 £Nil) to restricted funds.
Page 14

Ashbourne Arts Limited
Notes to the Financial Statements for the Year Ended 31 August 2024
6 Trustees remuneratlon and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charty
during the year.
No trustees have received any other benefits from the charity during the year.
7 Taxation
The charity is a registered charity and is therefore exempt from tsxation.
8 Tangible fixed assets
Furnlture
and
equipment
Total
Cost
At I September 2023
Additions
DisP05als
15,327
5,863
729
15,327
5,863
729
At 31 August 2024
20,461
20,461
Depreciation
At I September 2023
Charge for the year
Eliminated on disposals
13,805
1,770
729
13,805
1,770
729
At 31 August 2024
Net l)ook value
At 31 August 2024
At 31 August 2023
9 Debtors
2024
2023
Trade debtors
Prepayments
1,150
1,500
972
Page 15

Ashbourne Arts Limited
Notes to the Financial Statements for the Year Ended 31 August 2024
Iocreditors: amounts falling due within one year
2024
2023
Trade creditor5
Other c￿dItorS
Accruals
15
20
11 Creditors: amounts falling due after one year
2024
2023
Other creditors
45
59
12 Funds
Balance at I
September
2023
Balance at
31 August
2024
Incoming
resources
Resources
expended
Unrestricted funds
General
78 908
Balance at I
September
2022
Balance at
31 August
2023
Incoming
Resources
resour￿ expended
Unrestricted funds
General
63 436
Page 16