``` REGISTERED COMPANY NUMBER: 07484712 (England and Wales) REGISTERED CHARITY NUMBER: 1142025 ``` ``` Report of the Trustees and ``` ``` Unaudited Financial Statements ``` ``` for the Year Ended 31 December 2023 ``` ``` for ``` ``` Fox Carnival Ltd ``` ``` Clay GBP Ltd St Johns House 16 Church Street Bromsgrove Worcestershire B61 8DN ``` ``` Fox Carnival Ltd ``` ``` Contents of the Financial Statements for the Year Ended 31 December 2023 ``` **----- Start of picture text -----**
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14
**----- End of picture text -----**
``` Fox Carnival Ltd ``` ``` Reference and Administrative Details for the Year Ended 31 December 2023 ``` ``` TRUSTEESF M Hawthorne C Salmon A George-Samuels J Constantine C Barnett REGISTERED OFFICESt Johns House 16 Church Street Bromsgrove Worcestershire B61 8DN REGISTERED COMPANY NUMBER 07484712 (England and Wales) REGISTERED CHARITY NUMBER 1142025 INDEPENDENT EXAMINERClay GBP Ltd St Johns House 16 Church Street Bromsgrove Worcestershire B61 8DN ``` ``` Page 1 ``` ``` Fox Carnival Ltd ``` ``` Report of the Trustees for the Year Ended 31 December 2023 ``` ``` TheBoardofTrusteesispleasedtopresentit'sreporttogetherwiththeFinancialStatementsofthecharitablecompanyforthe year ended 31 December 2023. ``` ## **`OBJECTIVES AND ACTIVITIES`** ``` Thecharitablecompany'sobjectivesarethepromotionandadvancementofsteelbandandcalypsomusic,includingperforming at events of cultural significance; and also strengthening community cohesion by holding workshops and classes to all members of society. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ``` Fox/UFO’syearstartedwithseriesofperformances,themajoronebeingtheLondonNewYear’sDayparadewherewe represented Londontoaninternationalaudienceof40millionpeopleonline.Additionallypeoplelinedthestreetstowatchthemusic and performance of different acts. We were described by the organisers as one of the most popular with the audience. ``` ``` TheyearcontinuedasmanygigsincludingengagingwithmanydifferentcommunitiesfromtheHongKongChinesecommunityto the Windrushcommunity.OnWindrushdayweputonaseriesofperformancesbringingtogetherpeople,demonstratingmusicfrom the CaribbeanviatheSteelpansowewereabletoshowexactlywhattheinstrumenthasbroughttoUKandit’simportantrelevance in music. ``` ``` Wetookpartinseveralmarathonsentertainingthecrowdandencouragingtherunnerswhowereverypleasedtohearmusicat our “waterpoint.“For one of these we made a stronglink with Chain Of Hope charitywho operateon the hearts of small children.This link proved to be a great charityone where we were able to later engage in more concertsand performancesto supporttheir charity, which does such important work in healthcare. ``` ``` One of the main highlightsof the year was been invited to represent UK in Tunisiaat a carnivalin Hammamet.We took a large group for thisandperformedinternationallytoadiverseaudience.WeengagedwithlocalstoshowthemtheUKmusicviatheTrinidad steel drum and we took workshops for anyone who wanted to join attracting children and adults. ``` ``` Another highlight was taking part in Notting Hill carnivalwhere we managed to take a truck on the road full of players and perform to an audienceof 2 millionpeopleover two day period.This taught our playersand participantsmany skillsfrom performanceto equipping a truck to art and design to logistics. ``` ``` The Queen’sJubileeprovideda great opportunityfor a series of concertsin the publicarena where we broughtmusicand performance to crowds in Ealing and LBHF in public grounds where anyone could join. ``` ``` AsnumbersofparticipantsgreatlyincreasedwiththenewprojectinJuly-wemanagedandputinplacemorespaceforpeople who struggledwithdisabilityorillness.Asaresultwereabletoincludeparticipantswithmentalhealthissues,aswellasautism and life-shortening lung disease. ``` ``` One of the greatthingswasthis yearbeingable to earn charityincomewithouthavingto applyforany grandfundingso in a sense we were truly self-sufficient which is a big step forward for the charity and we look forward to building on this in the following year. ``` ## **`FINANCIAL REVIEW`** ``` Thetrusteeshaveareasonableexpectationthatthecharitywillcontinueinexistencefortheforeseeablefutureandhave, therefore, used the going concern basis in preparing the financial statements. ``` ``` The charityis dependentupon donationsfrom membersof the general public,from businessassociates,and from incomegenerated by events.Incomeduring the year was £36,248(2022 - £26,190)which is a increasecomparedto prior year, but is consistentwith the level of expenditure of £30,277 (2022 - £26,626) on charitable activities for the year. ``` ``` Thecharityiscommittedtomaintainingapracticalbalanceofreservesconsistentwithfutureoperatingcostsandabilityto have available funds to support short term requirements. ``` ## **`FUTURE PLANS`** ``` The charity adopts a cautious and sustainable expenditure policy to support activities in pursuit of it's objectives. ``` ``` Page 2 ``` ``` Fox Carnival Ltd ``` ``` for the Year Ended 31 December 2023 ``` ## **`Report of the Trustees`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ``` FoxCarnivalLtdis a charitablecompanyby guarantee.Thecharitynumber,companynumber,presentTrustees(beingDirectorsof the Company)are providedon the Legaland AdministrativeInformationPage.TheTrusteesare alsoDirectorsforthe purposeof company law. ``` ``` Approved by order of the board of trustees on 16 September 2024 and signed on its behalf by: ``` ``` C Salmon - Trustee ``` ``` Page 3 ``` ``` Independent Examiner's Report to the Trustees of Fox Carnival Ltd ``` ## **`Independent examiner's report to the trustees of Fox Carnival Ltd ('the Company')`** ``` I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Havingsatisfiedmyselfthat the accountsof the Companyare not requiredto be auditedunder Part16 of the 2006 Act and are eligible forindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedoutunderSection145of the CharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe examinationgiving 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)).` ``` I havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Christopher Heeley FCA ``` ``` Clay GBP Ltd St Johns House 16 Church Street Bromsgrove Worcestershire B61 8DN ``` ``` 17 September 2024 ``` ``` Page 4 ``` ``` Fox Carnival Ltd ``` ## **`Statement of Financial Activities`** ## **`for the Year Ended 31 December 2023`** |||**`2023`**|**`2022`**| |---|---|---|---| |||**`Unrestricted`**|**`Total`**| |||**`fund`**|**`funds`**| ||**`Notes`**|**`£`**|**`£`**| |**`INCOME AND ENDOWMENTS FROM`**|||| |`Donations and legacies`||`36,248`|`26,190`| |**`EXPENDITURE ON`**|||| |**`Charitable activities`**|||| |`Charitable Activities`||`30,277`|`26,626`| |**`NET INCOME/(EXPENDITURE)`**||`5,971`|`(436)`| |**`RECONCILIATION OF FUNDS`**|||| |`Total funds brought forward`||`4,306`|`4,742`| |**`TOTAL FUNDS CARRIED FORWARD`**||`10,277`|`4,306`| |**`CONTINUING OPERATIONS`**|||| ``` All income and expenditure has arisen from continuing activities. ``` ``` There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. ``` ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` Fox Carnival Ltd ``` ## **`Balance Sheet`** ## **`31 December 2023`** |**`2023`**
**`Unrestricted`**
**`fund`**
**`Notes`**
**`£`**
**`FIXED ASSETS`**
`Tangible assets`
`6`
`1,141`
**`CURRENT ASSETS`**
`Cash at bank`
`10,576`
**`CREDITORS`**
`Amounts falling due within one year`
`7`
`(1,440)`
**`NET CURRENT ASSETS`**
`9,136`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`10,277`
**`NET ASSETS`**
`10,277`
**`FUNDS`**
`8`
`Unrestricted funds`
`10,277`
**`TOTAL FUNDS`**
`10,277`|**`2022`**
**`Total`**
**`funds`**
**`£`**
`1,538`
`3,428`
`(660)`| |---|---| ||`2,768`| ||`4,306`| ||`4,306`| ||`4,306`| ||`4,306`| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended 31 December 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended31December2023 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` ``` (a)ensuringthatthecharitablecompanykeepsaccountingrecordsthatcomplywithSections386and387oftheCompanies Act 2006 and ``` ``` (b)preparingfinancialstatementswhichgive a true and fair viewof the stateof affairsof the charitablecompanyas at the end of each financialyear and of its surplusor deficitfor each financialyear in accordancewiththe requirementsof Sections394 and 395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relatingtofinancialstatements,sofar as applicable to the charitable company. ``` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the small companies regime. ``` ``` The financialstatementswere approvedby the Board of Trustees and authorisedfor issue on 16 September 2024 and were signed on its behalf by: ``` ``` C Salmon - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` Fox Carnival Ltd ``` ``` Notes to the Financial Statements for the Year Ended 31 December 2023 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ## **`a) Basis of preparation`** ``` ThefinancialstatementshavebeenpreparedinaccordancewiththeAccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard applicablein the UK and Republicof Ireland(FRS 102 - effective1 January2015)- (CharitiesSORPFRS 102),the Companies Act 2006 and the Charities Act 2011. ``` ``` ThecharitablecompanymeetsthedefinitionofapublicbenefitentityunderFRS102.Assetsandliabilitiesare initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. ``` ## **`b) Going Concern`** ``` Thetrusteesconsiderthattherearenomaterialuncertaintiesaboutthecharitablecompany'sabilitytocontinueasa going concern.Thetrusteesdonotconsiderthatthereareanysourcesofestimationuncertaintyatthereportingdatethathave a significantriskofcausingamaterialadjustmenttothecarryingamountsofassetsandliabilitieswithinthenext reporting period. ``` ## **`c) Accounting policies and estimates`** ``` Theaccountspresentatrueandfairviewandnochangeshavebeenmadetoaccountingestimatesandpoliciesduring the reporting period. No material prior year errors have been identified in the reporting period. ``` ## **`d) Recognition of Income`** ``` Incomeis recognisedwhenthe charityhas entitlementto the funds,any performanceconditionsattachedto the income have been met, it is probable that the income will be received and that the amount can be measured reliably. ``` ``` Incomefromgovernmentandothergrants,whether"capital"grantsor"revenue"grants,isrecognisedwhenthecharity has entitlementto the funds,any performanceconditionsattachedto the grants have been met, it is probablethat the income will bereceivedandtheamountcanbemeasuredreliablyandisnotdeferred.Incomereceivedinadvancefortheprovision of specified service is deferred until the criteria for income recognition are met. ``` ## **`e) Grants and donations`** ``` Donatedprofessionalservicesanddonatedfacilitiesarerecognisedasincomewhenthecharityhascontrolovertheitem or receivedthe service,any conditionsassociatedwith the donationhave been met, the receiptof economicbenefitfrom the use bythecharityoftheitemisprobableandthateconomicbenefitcanbemeasuredreliably.Inaccordancewiththe Charities SORP(FRS102),volunteertimeisnotrecognisedsorefertothetrustees'annualreportformoreinformationabout their contribution. ``` ``` On receipt,donatedgifts,professionalservicesand donatedfacilitiesare recognisedon the basisof the valueof the gift to the charitywhichistheamountthecharitywouldhavebeenwillingtopaytoobtainservicesorfacilitiesofequivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ``` ## **`f) Interest receivable`** ``` Interestonfundsheldondepositisincludedwhenreceivableandtheamountcanbemeasuredreliablybythecharity;this is normally upon notification of the interest paid or payable by the bank. ``` ## **`g) Fund accounting`** ``` continued... ``` ``` Page 7 ``` ``` Fox Carnival Ltd ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Basis of preparing the financial statements`** ``` Unrestrictedfundsareavailabletospendonactivitiesthatfurtheranyofthepurposesofcharity.Designatedfunds are unrestrictedfundsofthecharitywhichthetrusteeshavedecidedattheirdiscretiontosetasidetousefora specific purpose. Restrictedfundsare donationswhichthe donorhas specifiedare to be solelyusedforparticularareasofthe charity'swork or for specific projects being undertaken by the charity. ``` ## **`h) Expenditure and irrecoverable VAT`** ``` Expenditureis recognisedoncethereis a legalor contractiveobligationto makea paymentto a thirdparty,it is probable that settlementwillberequiredandtheamountoftheobligationcanbemeasuredreliably.Expenditureisclassifiedunder the following activity headings: ``` ``` •Costs of raising funds compriseof trading costs and the costs incurred by the charitablecompanyininducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. ``` ``` •Expenditureoncharitableactivitiesincludesthecostsofdeliveringservicestofurtherthepurposesofthecharityand their associated support costs. ``` ``` Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ``` ## **`i) Allocation of support costs`** ``` Supportcostsare thosefunctionsthat assistthe workof the charitybut do not directlyundertakecharitableactivities. Support costsincludebackofficecosts,finance,personnel,payrollandgovernancecostswhichsupportthecharityandit's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. ``` ## **`j) Operating Leases`** ``` Rental charges are charged on a straight line basis over the term of the lease. ``` ## **`k) Tangible Fixed Assets`** ``` Itemsofequipmentarecapitalisedwherethepurchasepriceexceeds£1,000.Depreciationisprovidedatratescalculated to writedownthe costof each assetto its estimatedresidualvalueoverits expectedusefullife.The depreciationratesin use are as follows: ``` ``` - Office furniture and equipment - 25% straight line ``` ``` - Computer - 20% straight line ``` - `Other fixed assets - 50% straight line` ## **`I) Debtors`** ``` Tradeandotherdebtorsarerecognisedatthesettlementamountdue.Prepaymentsarevaluedattheamountprepaidnet of any trade discounts due. ``` ## **`m) Cash at bank and in hand`** ``` Cash at bank and cashin hand includescashand shortterm highlyliquidinvestmentswitha shortmaturityof three months or less from the date of acquisition or opening of the deposit or similar account. ``` ## **`n) Creditors and provisions`** ``` continued... ``` ``` Page 8 ``` ``` Fox Carnival Ltd ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Basis of preparing the financial statements`** ``` Creditorsand provisionsare recognisedwhere the charity has a present obligationresulting from a past event that will probably resultinthetransferoffundstoathirdpartyandtheamountduetosettletheobligationcanbemeasuredor estimated reliably.Creditorsandprovisionsarenormallyrecognisedattheirsettlementamountafterallowingforanytrade discounts due. ``` ## **`o) Financial Instruments`** ``` Thecharityonlyhasfinancialassetsandfinancialliabilitiesofakindthatqualifyasbasicfinancialinstruments.Basic financial instrumentsareinitiallyrecognisedattransactionvalueandsubsequentlymeasuredatamortisedcostusingthe effective interest method. ``` ``` . ``` ## **`2. SUPPORT COSTS`** |**`SUPPORT COSTS`**|||| |---|---|---|---| |||**`Governance`**|| ||**`Management`**|**`costs`**|**`Totals`**| ||**`£`**|**`£`**|**`£`**| |`Charitable Activities`|`4,547`|`780`|`5,327`| |`Support costs, included in the above, are as follows:`|||| |**`Management`**|||| |||**`2023`**|**`2022`**| |||**`Charitable`**|**`Total`**| |||**`Activities`**|**`activities`**| |||**`£`**|**`£`**| |`Insurance`||`666`|`288`| |`Rent`||`3,484`|`4,260`| |`Depreciation of tangible and heritage assets`||`397`|`397`| |||`4,547`|`4,945`| |**`Governance costs`**|||| |||**`2023`**|**`2022`**| |||**`Charitable`**|**`Total`**| |||**`Activities`**|**`activities`**| |||**`£`**|**`£`**| |`Accountancy fees`||`780`|`720`| ``` continued... ``` ``` Page 9 ``` ``` Fox Carnival Ltd ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ``` ## **`3. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||**`2023`**|**`2022`**| |---|---|---| ||**`£`**|**`£`**| |`Depreciation - owned assets`|`397`|`396`| ## **`4. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norfortheyear ended 31 December 2022. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. ``` ## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**|| |---|---| ||**`Unrestricted`**| ||**`fund`**| ||**`£`**| |**`INCOME AND ENDOWMENTS FROM`**|| |`Donations and legacies`|`26,190`| |**`EXPENDITURE ON`**|| |**`Charitable activities`**|| |`Charitable Activities`|`26,626`| |**`NET INCOME/(EXPENDITURE)`**|`(436)`| |**`RECONCILIATION OF FUNDS`**|| |`Total funds brought forward`|`4,742`| |**`TOTAL FUNDS CARRIED FORWARD`**|`4,306`| ``` continued... ``` ``` Page 10 ``` ``` Fox Carnival Ltd ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ``` ## **`6. TANGIBLE FIXED ASSETS`** |**`6.`**|**`TANGIBLE FIXED ASSETS`**||||| |---|---|---|---|---|---| ||||||**`Computer`**| ||||||**`equipment`**| ||||||**`£`**| ||**`COST`**||||| ||`At 1 January 2023 and 31 December 2023`||||`1,984`| ||**`DEPRECIATION`**||||| ||`At 1 January 2023`||||`446`| ||`Charge for year`||||`397`| ||`At 31 December 2023`||||`843`| ||**`NET BOOK VALUE`**||||| ||`At 31 December 2023`||||`1,141`| ||`At 31 December 2022`||||`1,538`| |**`7.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||| ||||**`2023`**||**`2022`**| ||||**`£`**||**`£`**| ||`Other creditors`|||`720`|`-`| ||`Accruals and deferred income`|||`720`|`660`| ||||`1,440`||`660`| |**`8.`**|**`MOVEMENT IN FUNDS`**||||| ||||**`Net`**||| ||||**`movement`**||**`At`**| |||**`At 1/1/23`**|**`in funds`**||**`31/12/23`**| |||**`£`**|**`£`**||**`£`**| ||**`Unrestricted funds`**||||| ||`General fund`|`4,306`|`5,971`||`10,277`| ||**`TOTAL FUNDS`**|`4,306`|`5,971`||`10,277`| ||`Net movement in funds, included in the above are as follows:`||||| |||**`Incoming`**|**`Resources`**||**`Movement`**| |||**`resources`**|**`expended`**||**`in funds`**| |||**`£`**|**`£`**||**`£`**| ||**`Unrestricted funds`**||||| ||`General fund`|`36,248`|`(30,277)`||`5,971`| ||**`TOTAL FUNDS`**|`36,248`|`(30,277)`||`5,971`| ``` continued... ``` ``` Page 11 ``` ``` Fox Carnival Ltd ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ``` ## **`8. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |||**`Net`**|| |---|---|---|---| |||**`movement`**|**`At`**| ||**`At 1/1/22`**|**`in funds`**|**`31/12/22`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|`4,742`|`(436)`|`4,306`| |**`TOTAL FUNDS`**|`4,742`|`(436)`|`4,306`| |`Comparative net movement in funds, included in the above are as follows:`|||| ||**`Incoming`**|**`Resources`**|**`Movement`**| ||**`resources`**|**`expended`**|**`in funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|`26,190`|`(26,626)`|`(436)`| |**`TOTAL FUNDS`**|`26,190`|`(26,626)`|`(436)`| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`At`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Net`**
**`movement`**
**`At`**
**`1/1/22`**
**`in funds`**
**`31/12/23`**
**`£`**
**`£`**
**`£`**
`4,742`
`5,535`
`10,277`
`4,742`
`5,535`
`10,277`| |---|---| ``` A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ``` ||**`Incoming`**|**`Resources`**|**`Movement`**| |---|---|---|---| ||**`resources`**|**`expended`**|**`in funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|`62,438`|`(56,903)`|`5,535`| |**`TOTAL FUNDS`**|`62,438`|`(56,903)`|`5,535`| ``` continued... ``` ``` Page 12 ``` ``` Fox Carnival Ltd ``` ``` Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ``` ## **`9. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 December 2023. ``` ## **`10. LEGAL STATUS OF THE CHARITY`** ``` Thecharityisacompanylimitedbyguaranteeandhasnosharecapital.Eachmemberisliabletocontributeasum not exceeding £10 in the event of the charity been wound up. ``` ``` Page 13 ``` ``` Fox Carnival Ltd ``` ## **`Detailed Statement of Financial Activities`** ## **`for the Year Ended 31 December 2023`** ||**`2023`**|**`2022`**| |---|---|---| ||**`£`**|**`£`**| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and legacies`**||| |`Donations`|`270`|`-`| |`Grants`|`2,500`|`4,975`| |`Subscriptions`|`19,833`|`9,775`| |`Gigs`|`9,412`|`10,490`| |`Other income`|`4,233`|`950`| ||`36,248`|`26,190`| |**`Total incoming resources`**|`36,248`|`26,190`| |**`EXPENDITURE`**||| |**`Charitable activities`**||| |`Disability access`|`2,001`|`3,129`| |`Artistic fees`|`8,500`|`4,569`| |`Artistic materials`|`2,110`|`2,269`| |`Production, planning & design`|`7,293`|`10,746`| |`Marketing networking & website`|`5,046`|`248`| ||`24,950`|`20,961`| |**`Support costs`**||| |**`Management`**||| |`Insurance`|`666`|`288`| |`Rent`|`3,484`|`4,260`| |`Computer equipment`|`397`|`397`| ||`4,547`|`4,945`| |**`Governance costs`**||| |`Accountancy fees`|`780`|`720`| |`Total resources expended`|`30,277`|`26,626`| |**`Net income/(expenditure)`**|`5,971`|`(436)`| ``` This page does not form part of the statutory financial statements ``` ``` Page 14 ```