**REGISTERED CHARITY NUMBER: 1137844**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 August 2025**
**for**
**Broadway Arts Festival Trust**
Attwoods Chartered Certified Accountants 90-92 High Street Evesham Worcestershire WR11 4EU
**Broadway Arts Festival Trust**
## **Contents of the Financial Statements for the Year Ended 31 August 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**|11|to|12|
**Broadway Arts Festival Trust**
## **Report of the Trustees for the Year Ended 31 August 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To promote, maintain, improve and advance the education of the public in the arts, in particular but not exclusively fine art, music, drama and the performing arts, by the provision of a biennial festival in Broadway, Worcestershire.
The charitable aim is to encourage an educational arts legacy in the form of our local primary and secondary schools outreach programme and student bursaries for those pursuing a career in the arts. The Charity aims to make annual financial grants to assist young people from the Broadway area who are studying the arts. During the year 23 grants (2024 - 18) of between £500 and £2,000 (2024 - £1,000 and £2,000) each were awarded to suitably qualified candidates.
## **Significant activities**
The Charity holds a biennial arts festival, with a series of arts-related events between festivals. The latest festival was held in 2025.
## **Public benefit**
The Trustees have, throughout, kept in mind Section 4 of the Charities Act, 2006, and the guidance of the Charities Commission in relation to Public Benefit. To that end that have ensured: that as far as has been practicable, access to all venues has been available to those with disabilities; that where there has been a charge for admission to any of the events the price has been within reach of those with limited means and proportionate to the nature of the event. As the aims and objectives of the Broadway Arts Festival Trust are: To promote, maintain, improve and advance the education of the public in the arts, we have, by advertising and otherwise, tried to ensure that no-one who has an interest in or who would like to learn more about the arts should feel in any way excluded from the various events and activities which form part of the arts festival and its ancillary events.
The trustees are satisfied that there were no serious incidents or other matters, during the year in question or otherwise, which should be brought to the attention of the Charity Commission.
The Trust gives due consideration to major risks and has a system and procedures to manage them. A Risk Register is maintained and is updated quarterly.
## **FINANCIAL REVIEW**
## **Financial position**
The accounts for the year ended 31 August 2025 have been prepared and submitted on a receipts basis. They indicate an excess of income over expenditure of £19,917 (2024: £1,294). The year-end fund balance was £96,710 (2024: £76,793) held primarily in cash at the bank. The charity aims to hold sufficient reserves to allow the biennial Arts Festival to continue for the foreseeable future.
## **FUTURE PLANS**
The main arts festival will return in June 2027 with an aim to conduct smaller monthly events in the interim.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Broadway Arts Festival Trust is an unincorporated trust governed by a Trust Deed dated 15 June 2009 as amended by a Deed dated 29 August 2013.
## **Organisational structure**
The Charity is structured with a Board of Trustees overseeing a Management Committee.
## **Decision making**
The Board of Trustees held quarterly meetings. The Management Committee met approximately monthly. All meetings were properly minuted.
Page 1
**Broadway Arts Festival Trust**
## **Report of the Trustees**
## **for the Year Ended 31 August 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1137844
**Principal address** Russell House Lower Green Broadway Worcestershire WR12 7BU
## **Trustees**
Mrs H Munro Mr J G R Lewis Mr M L Chambers (resigned 1.8.25) Mr O Gleave Mr A Dakin (appointed 1.9.25) Mrs S L Stirling Mr A J B McGrigor
Mrs S L Stirling (previously Mr M Chambers) is the Chairperson of the Trust. Mr A Dakin is the Chairman of the Management Committee.
## **Independent Examiner**
Attwoods Chartered Certified Accountants 90-92 High Street Evesham Worcestershire WR11 4EU
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
Mrs S L Stirling - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Broadway Arts Festival Trust**
## **Independent examiner's report to the trustees of Broadway Arts Festival Trust**
I report to the charity trustees on my examination of the accounts of Broadway Arts Festival Trust (the Trust) for the year ended 31 August 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Claire L Armstrong, FCCA
Attwoods Chartered Certified Accountants 90-92 High Street Evesham Worcestershire WR11 4EU Date: .............................................
Page 3
**Broadway Arts Festival Trust**
## **Statement of Financial Activities for the Year Ended 31 August 2025**
|**31.8.25**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**230,219**
Other trading activities
2
**1,926**
Investment income
3
**1,357**
Other income
**5,402**
**Total**
**238,904**
**EXPENDITURE ON**
Raising funds
4
**179,852**
**Charitable activities**
Other
**36,526**
Other
**2,609**
**Total**
**218,987**
**NET INCOME**
**19,917**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**76,793**
**TOTAL FUNDS CARRIED FORWARD**
**96,710**|31.8.24
Total
funds
£
130,806
980
1,274
499
133,559
97,891
33,148
1,226
132,265
1,294
75,499
76,793|
|---|---|
The notes form part of these financial statements
Page 4
**Broadway Arts Festival Trust**
## **Balance Sheet**
## **31 August 2025**
|||**31.8.25**|31.8.24|
|---|---|---|---|
|||**Unrestricted**|Total|
|||**fund**|funds|
||Notes|**£**|£|
|**FIXED ASSETS**||||
|Tangible assets|7|**491**|675|
|**CURRENT ASSETS**||||
|Debtors|8|**3,050**|-|
|Cash at bank and in hand||**95,061**|77,552|
|**CREDITORS**||**98,111**|77,552|
|Amounts falling due within one year|9|**(1,892)**|(1,434)|
|**NET CURRENT ASSETS**||**96,219**|76,118|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||**96,710**|76,793|
|**NET ASSETS**||**96,710**|76,793|
|**FUNDS**|10|||
|Unrestricted funds||**96,710**|76,793|
|**TOTAL FUNDS**||**96,710**|76,793|
|||||
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs S L Stirling - Trustee
The notes form part of these financial statements
Page 5
**Broadway Arts Festival Trust**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
## **Taxation**
The charity is exempt from 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 6
**Broadway Arts Festival Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
## **2. OTHER TRADING ACTIVITIES**
|Merchandise sales
Bar sales
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Website
Programme design
Event expenses
Competition expenses
artBEAT
Artist fees
Hire
Support costs|**31.8.25**
**£**
**970**
**956**
**1,926**
**31.8.25**
**£**
**1,357**
**31.8.25**
**£**
**1,737**
**742**
**6,947**
**26,703**
**6,916**
**36,226**
**24,931**
**73,509**
**177,711**|31.8.24
£
305
675
980
31.8.24
£
1,274
31.8.24
£
2,436
410
1,106
14,322
-
14,687
3,617
56,117
92,695|
|---|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**|Unrestricted
fund
£|
|---|---|
|Donations and legacies|130,806|
|Other trading activities|980|
|Investment income|1,274|
|Other income|499|
|**Total**|133,559|
|**EXPENDITURE ON**||
|Raising funds|97,891|
continued...
Page 7
**Broadway Arts Festival Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
||||Unrestricted|
|---|---|---|---|
||||fund|
||||£|
||**Charitable activities**|||
||Other||33,148|
||Other||1,226|
||**Total**||132,265|
||**NET INCOME**||1,294|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||75,499|
||**TOTAL FUNDS CARRIED FORWARD**||76,793|
|**7.**|**TANGIBLE FIXED ASSETS**|||
||**COST**||Plant and
machinery
£|
||At 1 September 2024 and 31 August 2025||**2,448**|
||**DEPRECIATION**|||
||At 1 September 2024||**1,773**|
||Charge for year||**184**|
||At 31 August 2025||**1,957**|
||**NET BOOK VALUE**|||
||At 31 August 2025||**491**|
||At 31 August 2024||675|
|**8.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
||Trade debtors|**31.8.25**
**£**
**3,050**|31.8.24
£
-|
|||||
continued...
Page 8
**Broadway Arts Festival Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
|**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
**10.**
**MOVEMENT IN FUNDS**
At 1.9.24
£
**Unrestricted funds**
General fund
**76,793**
**TOTAL FUNDS**
**76,793**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**238,904**
**TOTAL FUNDS**
**238,904**
**Comparatives for movement in funds**
At 1.9.23
£
**Unrestricted funds**
General fund
75,499
**TOTAL FUNDS**
75,499
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
133,559
**TOTAL FUNDS**
133,559|**31.8.25**
31.8.24
**£**
£
**804**
541
**1,088**
893
**1,892**
1,434
Net
movement
At
in funds
31.8.25
£
£
**19,917**
**96,710**
**19,917**
**96,710**
Resources
Movement
expended
in funds
£
£
**(218,987)**
**19,917**
**(218,987)**
**19,917**
Net
movement
At
in funds
31.8.24
£
£
1,294
76,793
1,294
76,793
Resources
Movement
expended
in funds
£
£
(132,265)
1,294
(132,265)
1,294|
|---|---|
continued...
Page 9
**Broadway Arts Festival Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2025**
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.9.23|in funds|31.8.25|
||£|£|£|
|**Unrestricted funds**||||
|General fund|75,499|21,211|96,710|
|**TOTAL FUNDS**|75,499|21,211|96,710|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
372,463
372,463|Resources
Movement
expended
in funds
£
£
(351,252)
21,211
(351,252)
21,211|
|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2025 (2024: £nil).
Page 10
**Broadway Arts Festival Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2025**
||31.8.25|31.8.24|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Benefactors|**25,336**|16,665|
|Donations|**5,343**|1,349|
|Gift aid reclaimed|**6,120**|3,781|
|Grants - other|**3,700**|6,114|
|Grants - The Elmley Foundation|**10,000**|7,000|
|Advertising income|**6,000**|-|
|Festival income|**95,466**|52,607|
|Event income|**156**|-|
|Rental income|**19,883**|74|
|Competition income|**48,462**|33,573|
|Auction income|**3**|6,143|
|Sponsorship|**9,750**|3,500|
|**Other trading activities**|**230,219**|130,806|
|Merchandise sales|**970**|305|
|Bar sales|**956**|675|
|**Investment income**|**1,926**|980|
|Deposit account interest|**1,357**|1,274|
|**Other income**|||
|Sundry receipts|**5,402**|499|
|**Total incoming resources**|**238,904**|133,559|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Website|**1,737**|2,436|
|Programme design|**742**|410|
|Event expenses|**6,947**|1,106|
|Competition expenses|**26,703**|14,322|
|artBEAT|**6,916**|-|
|Artist fees|**36,226**|14,687|
|Hire|**24,931**|3,617|
|**Other trading activities**|**104,202**|36,578|
|Bar/merchandise stock|**1,351**|4,876|
|Commission|**790**|320|
||**2,141**|5,196|
This page does not form part of the statutory financial statements
Page 11
**Broadway Arts Festival Trust**
|**Other trading activities**
**Charitable activities**
School activities
Grants to individuals
**Other**
Entertainment
Security
**Support costs**
**Management**
Wages
Pensions
Uniform
Insurance
Telephone and website
Postage and stationery
Advertising and PR
Donations
**Finance**
Bank and card charges
**Other**
Plant and machinery
**Governance costs**
Festival management expenses
Management fees
Accountancy and bookkeeping
Total resources expended
**Net income**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 August 2025**
31.8.25
31.8.24
£
£
**6,526**
5,648
**30,000**
27,500
**36,526**
33,148
**1,150**
1,226
**1,459**
-
**2,609**
1,226
**41,200**
40,000
**2,535**
1,688
**833**
-
**1,498**
1,693
**-**
65
**4,517**
1,621
**9,328**
2,643
**55**
50
**59,966**
47,760
**2,778**
1,750
**184**
62
**3,000**
1,500
**900**
150
**6,681**
4,895
**10,581**
6,545
**218,987**
132,265
**19,917**
1,294|
|---|---|
|||
This page does not form part of the statutory financial statements
Page 12