2020-10-31-accounts - The St. Endellion Festivals Trust

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				Pars 1.38
Policy on	social investment
including	program			related
investment
					The charity has no employees; all its
Contribution volunteers			made	by Pars 1.38	activities, including the holding oftwo annual music festivals in StEndellion, Cornwal, are undertaken by volunteers.
					None ofthe professional or amateur
					musicians performing in concerts atthe
					festivals is id.
Other
Achievements				and Performance
					While the Covid-19 pandemic meant that
					itwas not possible to hold the 2020St
					Endellion Easter and Summer Festivals in
Summary	of		the main		Cornwall during the relevant period,
achievements			ofthe charity,		significant elforts were made toadvance
identifying		the difference the			public education in the arts, and
charity'8 work has				made to	particularly music, by holding on-line
the circumstances				ofits	musical and music-related events which
beneficiaries			and any wider		were enjoyed by the Festivals' regular
benefits io		society		as a	participants, supporters and audiences
whole.					As some ofthe events warn available to
					the general public via the charity's
					website {forno charge), the potential
					benegt was felt more widely than ifsuch
					events had been held {asin normal years)
					physically in StEndellion Church and
					other local venues in North ComwaIL
					Regular maintenance continued to be
					undertaken on the properties owned by the charity «tthe StEndellion campus,
					although income from renting out such
					properties was minimal as a
					consequence ofthe lock-down
					restrictions. A lease was executed for the
					rerrtal ofa dimerent car-parking geld from
					the Diocese ofTruro in order toavoid
					audience members having tocross a
					busy main road when attending concerts
					in StEndellion church. While the charity
					benelited from fund-raising activities by
					its participants as well as generous
					donations from others, italso made
					donations tothe PCC ofStEndellion
					Church {theprincipal venue used for
					erformances durin its Festivals

Review	ofthe charily's	ofthe charily's	ofthe charily's			Para 1.21	As has been referred to above, neither
financial	position at the end						the Easter Festival nor the Summer
ofthe penod							Festival took place in 2020. Whereas	the
							Easter Festival had the ability toconvert
							concert ticket sales and participants'	fees
							into donations which more than covered
							its expenses, the Summer Festival did
							not have this opportunity and the largest
							part ofSummer Festival's loss is
							attributable to deposit payments for
							rented houses, the majority ofwhich
							have been carried forward to 2021.
							As a consequence ofthe pandemic there
							has been virtually no rental income for
							Glebe Farm orthe Stone Bam.
							Forthe year asawhole the Trust's losses
							were restricted tojust over K10000 and
							bank balances atthe yearmnd amounted
							to6167730.
Statement		explaining		the		Para 1.22	The reserves are held for three major
policy for holding reserves							reasons:
stating	why	they are held					~ To provide support should either
							Festival make losses
							~ Tomaintain and improve the
							Festival Trust's properties, namely
							Glebe Farm and the Stone Barn
							~ To provide starter funds to
							develop the Old Dairy atsome
							stage in the future
Amount	of	reserves heid				Pars 1.22
Reasons for holding zero						Para 1.22
reserves concern
Details	offund materially				in	Para r24
deficit
Explanation			ofany			Para 1.23
uncertainties			about the
charity	continuing as a going

The charily's principal sources offunds (induding	Para 1.47
any fundraising)
Investment policy and objectives including any	Para 1.46
social investment policy
adopted

Description ofcharity's
trusts:
Type of governing document		Para 1.25	Declaration ofTrust dated 26 March 2014
How isthe charity		Para 105	Trust
constituted?
I
Trustee selecbon methods		Para 145	Trustees are appointed		by aresolution of
induding details ofany			the Trustees
constitutional provisions	e.g.
election to post orname	of
any person or body entitled
to appoint one or more
trustees
Additional information	(optional)
You ma choose to indude further statements			where relevant	about
Policies and procedures
adopted for the induction	and
training oftrustees
			In accordance with the		provisions ofits
			Declaration ofTrust, the charity's
The charity's organisational structure and any wider		Para 1.51	Trustees delegate certain powers and functions to committees comprising two
network with which the			or more Trustees (and other Festival
charity works			participants),	including	the Easter
			Festival Committee and		the Summer
			Festival Committee.
Relationship with any related		Para 1.51
parties
Other

Ch name Other name the cha ' uses R istered cha ' number	The StEndellion 1124805	Festivals Trust
Charitjjs principal address	clo16Burgh Street
	London N1 8HF

	Trustee name	Oflice lifany)	ttame ofperson (orbody) ant)Sad toa int trustee ifan	ttame ofperson (orbody) ant)Sad toa int trustee ifan
	Lady Tease	Chair	By resolution	ofthe
	Brewer OBE		Trustees
	Martin Cooke	Treasurer	By resolution	of the
	MBE		Trustees
	Sally Donegani		By resolution	ofthe
			Trustees
	Frances Hickox		By resolution	ofthe
	MBE		Trustees
	Diane Hume		By resolution	ofthe
			Trustees
	Angus Meryon		By resolution	ofthe
			Tnistees
	Yasha		By resolution	ofthe
	Morgenstem		Trustees
	Mark Padmore		By resolution	ofthe
	CBE		Trustees
	lan Sandbrook		By resolution	ofthe
			Trustees
10	Robert Sloman		By resolution Trustees	ofthe
11
12
13
14
15
16
17
18
19
20

	Income	Transfers	Expense	Net
Summer Festival	5,333		21,183	- 15,850
Easter Festival	29,015		26,720	2,295
Trust	9,755	5,000	11,519	6,764
Special Projects	9,738		3,076	6,662
Farmhouse	5,721	5,000	15,233	4412
Friends	15,960		8,060	7,900
Movement offunds	75,522		85,791	- 10,269

Represented by	8/f		Change	Change
Summer CAF	41,332	25,482		-15,850
Easter Lloyds	55,253	57,548		2,295
Trust CAF	26,482	19,718		6,764
Special Projects	20,022	26,684		6,662
Farmhouse NW	8,739	4,227		-4,512
Friends NW	26,171	34,071		7,900
Movement offunds	177,999	167,730	-	10,269

			EIncome
CONCERTS
Income
Ticket Sales
Coffee Money
Program sales &	adverts
Truro concert				100
Expenditure
Music Hire
Instrument costs
Soloist expenses
Junior EndeRion
General concert	e	nses
Total Concerts
ACCOMMODATION
Income
Partidpant fees			0
Donations			2362
Expenditure
Rented Houses				18.608
Catering &Extras				0
Barn Dance				0
Glebe Farm				694
Total Accommodation			2~2		-16.940
ADMINISTRATION
Transfers				0
Bank				60
Miscellaneous				59
Posta eand printin				0
Total Administration				119	-119
OTHER
Summerdme video			450	450
Cookbook			M20	1,184
Total Other			2,970		1,336
SUMMER TOTAIS			5332	21,183	-15,851
Contribution to Trust
Net Movement ofFunds			5,332	21,183	-15,851
Adjustments	pre	ond post	ments
2020expenditure	prior ta 2019-
20financial year				2~5
2021expenditure	during 2019-20
inoncial year				le,796
Overall Festival pro
Account Balances				43,769	Cha
CAF Cash Summer			40,317	24,466	-15,851
Cash in hand			0	0	0
CAF Gold Summer Total Balance			1,015 41332	1,016 25~	1 -15,850

		Income		Net
CONCERTS
Income
Concert Sales (net)		7,921
Coffee money		0
Programme sales		0
Advertising in programme		0
Miscellaneous (merchandise)		0
Donations (incl. Piano)		0
Expenditure
Music Hire &Commission			2SB
Performing Rights			0
Performer expenses			0
Instrument hire			0
Gen. Concert expenses			781
Programme printing			0
Merchandise			0
To Endelienta (extickets)
Total concerts		7,921	1,039
ACCOMMODATION
Income
Participants' fees (net)		5,830	2,710
Donations		3,480
Expenditure
Rented houses		11,770	18,300
Catering			0
Glebe Farm Expenses			3,220
Payments to Farmhouse	Fund		0
Total Accommodation		21,080	24,230	-3,150
ADMINISTRATION
Income
Bank interest		14
Expenditure
Postages/publicitiy			1,068
Trustee's expenses			383
Total Administration		14	1,451	-1,437
EASTERTOTALS		29,015	26,720	2395
Movement ofFunds		29,015	26,720	2+95
Major items after year end
Overall Festival Surplus		29,015	26,720	2,295
Account Balances		31/10/2019	31/10/2020	Change
Lloyds TSBCurrent		1&,197	27,541	9344
Lloyds TSBDeposit		37,056	30,008	-7,048
Total Balances		55,253	57,549

		EIncome	EExpense	ENet
INCONIE
Hall Pledges
Other donations
Summertime'		1,791
Lydgate House concert		3,925
Donation Quercus		4,000
Interest		22
ToteIIncome		9,738		9,738
EXPENSE
PCC Hall-final balance			3,016
Bank fees			60
Total Expense			3,076	-3,076
APPEALTOTALS		9,738	3,076	6,662
Transfer to Summer Festival
Transfer to Easter Festival
Transfer toSt Endellion	PCC
Transfer from Trust Account
Movement ofFunds		9,738	3,076	6,662

	EIncome	EExpense	ENet
INCOME
Lettings External	5,721
Lettings Festivals
insurance claim
Total Income	5,721		5,721
EXPENDITURE
Salary		908
Cleaning		2,699
Light and Heat		7,510
Maintenance		2,617
Rates		288
Miscellaneous		154
Telecoms		1,057
TotalExpenditure		15,233	-15,233
			-9,512
Transfer from SEFT	5,000		5,000
Farmhouse Totals	10,721	15333	-4,512

	EIncome	EExpense	ENet
INCOME
Subs	15,960
Other ifts	0
Total Income	15,960		15,960
EXPENSE
Printing		372
Mailings		447
HallSoundproofing		7,185
Misc		56
Total Expense		8,060
FRIENDS TOTALS
Transfer toSEFTTrust
Transfer from Trust
Movement offunds			7,900

Section	B Statement	ofassets	and	liabilities	at	the end of the period
						WWKS~~ ~KRR~~ MEKI~ ~R!I~~ &IEB~