Company number 07140043
ARUNDEL FESTIVAL LIMITED
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
ARUNDEL FESTIVAL LIMITED
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
| INDEX | |
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| Page | |
| Trustees Annual Report | 1 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5 |
ARUNDEL FESTIVAL LIMITED DIRECTORS ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
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 31 December 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities issued in July 2014.
REFERENCE AND ADMINISTRATIVE DETAILS
Company number 07140043 Charity registration number 1136508
Contact address Arundel Town Hall, Maltravers Street, Arundel BN18 9AP
Directors
The Directors in office during the year were:
Sharon Blaikie
The directors present their report and the financial statements for the year ended 31 December 2021.
Principal activity
The principal activity of the company is the organisation and running of Arundel festival.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board and signed on its behalf by:
S Blaikie Director
Approved by the Board of Directors: 31 Oct 2022
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ARUNDEL FESTIVAL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
| Note INCOMING RESOURCES Incoming resources from charitable activities Voluntary income Activities for generating funds 2 Investment income 3 Other incoming resources Total incoming resources RESOURCES EXPENDED Costs of generating funds Charitable activities 6 Governance costs 7 Other resources expended 8 Total resources expended Net incoming resources before transfers Gross transfers between funds NET INCOME (EXPENDITURE) FOR THE YEAR RECONCILIATION OF FUNDS Total funds brought forward Total funds carried forward |
Unrestricted Funds 7,972 37,473 0 0 45,445 2,178 38,057 932 0 41,167 4,278 0 4,278 0 £4,278 |
Restricted Funds 0 0 0 0 0 0 0 0 0 0 0 0 0 0 £0 |
Total Funds 2021 7,972 37,473 0 0 45,445 2,178 38,057 932 0 41,167 4,278 0 4,278 0 £4,278 |
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ARUNDEL FESTIVAL LIMITED
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note FIXED ASSETS Tangible assets 10 Investments 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS: amounts falling due within one year 13 NET CURRENT ASSETS NET ASSETS THE FUNDS OF THE CHARITY Restricted income funds 14 Unrestricted income funds TOTAL CHARITY FUNDS 15 |
2021 1,950 0 1,950 180 18,416 18,596 0 18,596 £20,546 0 20,456 £20,456 |
2020 2,925 0 2,925 0 13,513 13,513 -170 13,343 £16,268 0 16,268 £16,268 |
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The accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Small Entities.
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 Companies Act 2006; and no notice has been deposited under section 476.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
Signed on behalf of
the Board of Trustees
S Blaikie Director
31 October 2022
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ARUNDEL FESTIVAL LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. PRINCIPAL ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small company.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:
Leasehold property 2% on cost Furniture fixtures & fittings 10% on net book value Office equipment 25% on net book value
Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions below £500 are not capitalised.
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.
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ARUNDEL FESTIVAL LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
2. ACTIVITIES FOR GENERATING FUNDS
| Donations Fundraising events INVESTMENT INCOME Deposit account interest NET INCOMING (OUTGOING) RESOURCES Net resources are stated after charging (crediting): Depreciation - owned assets |
Unrestricted Funds 7,972 37,473 45,445 - 975 |
Restricted Funds - - - - |
Total Funds Total Funds 2021 2020 7,972 5,000 37,473 - 45,445 5,000 - - 975 - |
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3. INVESTMENT INCOME
4. NET INCOMING (OUTGOING) RESOURCES
5. TRUSTEES' REMUNERATION AND BENEFITS
There was no trustees remuneration in the year ended 31 December 2021
There were no trustees expenses paid for the year ended 31 December 2021
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ARUNDEL FESTIVAL LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
6. RESOURCES EXPENDED - CHARITABLE ACTIVITIES
| Unrestricted Activities undertaken directly Administration 37,032 Property costs - Charitable donations 50 37,082 7. RESOURCES EXPENDED - GOVERNANCE COSTS AGM / Board meetings - Sundry expenses - Accountancy fees 932 932 8. RESOURCES EXPENDED - OTHER Long leasehold amortisation - Depreciation - Fixtures - Depreciation - Office equipment 975 Surplus on disposal - 975 |
Restricted - - - - - - - - - - - - - |
Total Funds 2021 37,032 - 50 37,082 - - 932 932 - - 975 - 975 |
Total Funds 2020 7,942 - - 7,942 - - - - - - 975 - 975 |
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ARUNDEL FESTIVAL LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 10. TANGIBLE FIXED ASSETS 11. FIXED ASSET INVESTMENTS None 12. DEBTORS J Boyland 13. CREDITORS: amounts falling due within one year Other creditors |
2021 - - 180 180 - - |
2020 - - - - 171 171 |
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