2023-10-31-accounts

¢harity reg¢slr8bon 1116230 CThwy regi51ralhJn nurnber806S263 {EThU￿nd and Walesl UPTON FESTIVAL OF BLUES LIMITED ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

UPTON FESTIVAL OF BLUES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION TrustO8S Mrs R S EdYdrd5 M5 R H Ethe'Kl9e Mr M R pDJ(￿ GJ￿nn (Atwmted 7 August 20231 lJ4y)uiied 2$ JU(￿ 20231 MsRHEther charity number 1148230 Company number 8065263 Prfn¢ipal add￿SS CIKJrth streei Uptw U[￿ SeV￿rt Wtyc8Ster IndoP8ndont oxamin Kendal TrA'adW LLP Granla L(x*Je 71 Graham Roal klafvem WR14 2JS Bankers Lbyds p EC2V 7HN

UPTON FESTIVAL OF BLUES LIMITED CONTENTS TrL￿5, [pp￿t stat8menlofTrusiee5' ￿$￿￿s￿lI￿leS Inde￿dent exa￿￿ne¢S ret Stai8menioffvarMi81 aciMi*S Balance 5h8et Notes to thè fv8rK¥alsi8l•WIS 8-14

UPTON FESTIVAL OF BLUES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2023 Th8 T￿Stee8 wesent their annual reFKXt atNlfinarnial Slat￿Ents￿Ythe Yea[e￿ed 31 October 2023. firhonuel slolem¢nts hevc b¢en prepared in •wounbry xt wt M notc 1 to ihe finynciol Stslemenls and comkly with Ihe charivs (kxbnwl. Q￿p￿Tre$A￿ 2QM)6 and"Ac¢owtsw and Repttng by Charities". Statement ol Recornmended PraCt￿e alw￿ble to Chartt￿ iryaiirwJ their a{x(￿nIS in a(rthanr wth the Financial Réwrfitw) Standard appltatle w) UK RwtAic of treLd IFRS 1021 leffÉctiYe 1 JarxJ8ry 20191.. Obje¢trwes and a¢ti¥rfs chadly¥ obia¢ts arn.. The wixnotion thnTrmentoltre aesthethceduration ofthe OF. and the ￿￿torS 10, U0¢n￿￿On-stV￿M and the M￿￿Thd$. by the P￿Marth oYIAu88 MU￿ ofa Imgh ¢albro." and ont c more ofthe f(Al(Mryry as the Trustees thi[ ft To 8d￿)ce Ihe 8estheb¢ &u¢aii¢h) ofthe of U￿¢￿￿￿￿-se¥tM and put1￿ ofthe Midands g8ner¥lly in Ihesvbject Olm￿¢, IndLK4iry the atveoairf￿ of my￿¢ aid th8 th"n9 of m￿C gfrnwally." To ad￿ce Me aesthebc &ucon olthe Inge[￿ in the subPrtof￿Ues ￿15￿ ofa high arbsbccalbre. i￿v￿l￿g thÈ ofsuth ￿UeS mLtsi¢atJ thp play.ry tlues mus￿5￿￿[81￿". andlor To promote for th8 benffil oflhe hllhatitanL8 ol up￿￿[x￿￿SeWetn yJ Ihe sU[ruu￿In9 artra he pmisth of facilitYe5 and fur)dw)o of a¢iMls f¢ ￿￿e800n leksufy tt¢upalion ol iTrdiwduats tK> have nèèd of ch fa¢ilitEs by re8SM ¢tknwr y￿rth. age. infrnity C￿￿￿88t￿ement. h¥dship (K5wal 8nd eo)romic rcUmStar￿e5. orfor the putrAic al Large regislered c￿1125 in the itrterest of wdfare and wth the objerl Df imwuving the wn(tK)n d life of the saKI.nhats¢ants. Maln a¢ltvltlos undwlaksn In roljllon to tlkiso purFAws Ihrlng fvy year w the 21st 81rtr￿SY ofupien 8hJes FeNal. not ￿th$lajIng the yaars WI￿) kythnied Lts hd(ITKJ a fesiival of cwrse the Pandeffi¢. which wi ￿kY So this wwe as a Committee wanted to tKmg s(xTrptkwvJ thferitts make tsjr as memorable as itthuw be for our vEilots. for IDwn. fLYlhe as b) knorcHJT a5 a tharity, lo ￿eat blue5 bas￿. fve ID Ihe per￿￿ I Sow ofthe innovaborts. wwe vsry l A load pa$8wgws tck & &)rth thiough lh& to%vn was a nuge Success t￿81. Other gr8at addibon was wr￿￿nIn9 up wth lh8 Wintage Car Club. wl¥) hadovar a huThtred ￿orn disp18y and despite ihe bad weather vras really supported enjoyed tyy the AS 81w8ys. Ive prcNJucJ 8 really Prcyn of eveiits. ilh Icis of inlwestrq wb(s. J¥erts thalsupp)rtthe Iwn businFsses. d8taiL% 150 baThJs ￿￿$. ihal were durng IhFweeker￿. (ijr ptrfortttrs were 81 of8 Wh walily. Wtilh three rnain ￿d$ ￿¢81 ¥￿ueS. whch all adds to ihe vanety 8nd scope Olm￿¢￿ reaMpe￿ conlinue to be our main ncorftstream. Tris year's nuners were 10 F￿10￿$ y2ars and we eonstanoy try kn im￿0￿￿ Ih8ir e¥p8rnce by excdknl faclthes and a Wila9e ex￿8￿• to th8n). vAlh a bar, food. 3n(J a SMal￿r Sta￿ with Wr0rrna￿ arNI iam sess*or Main athivities underlaken tofurfh•ithe d•ariVs Pu￿Se1￿r￿￿1Ic T￿$ fvsb¥al wnliwes b 0fter'B￿&S to Ajr bycwtiThJiThJthe of not chargiry to atten(I Ihg festival. lnlrrrt1￿1ry to the wide& po￿￿￿@ au￿￿￿1￿￿1￿ch Is especiaty Inw￿lI￿r kne kryemty Oftt￿ wal oflhe throwh iiirodwffj rt to many more people. In addilKYI, Ihe role ofthe educa14)￿ wothshops and perfonran¢e opporturyli&s opens the g8Ne upb ￿￿ger Frfyle. Trustees have pakl due regwj to guhkn I￿ed by the Charty in deridirvJ what 8¢bvilies charity

UPTON FESTIVAL OF BLUES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Grant rnakkng pollcle5 arKI howtlw corrtrilxrte to the charfty'sakns and at4ecUves va tn40rity of c￿[ 15sp8ni IhB festNal. our wwnary vekKl8 fordelr4enThJ [￿rObl￿ts of bringin9 Quality b￿eS music to the ￿dest a￿d￿ntt wnhn WrgeCWdph￿Jre3 When there is an eX￿S of lur¢É over d a￿ve kn8t needed to delwer the fe￿1 and rn￿nIa￿ our resti￿1 warchesl we thi ￿dertake gNiw gr8nts ¢0 other organisaivJDs that [r￿auT ol￿. (kn trs8 OccasK)r￿a￿ grant makiny as1￿￿￿￿". Thallhe monEs go speuficaly to a ￿￿that i5 in kewro ith Thatlhe m￿￿$. its USÈ ar￿ atbvitses arpfilty d<xxxvented That ihe go lo Olg￿lSaIlO￿s Talh8r'than Ind￿NIJa Thai yrani arÈTrbJe 10 Ihe (￿ants3￿ the TIL6tees sdecithose thai 8re successfijl A¢hifyvoments ond porform0￿ We are to be the winner of the UK ￿UeS Federalwjn Eest uKFe5￿YaI. 2023 awth fur the Ihwd timB. Thi5 B all Llown to the commitrywl of our¢tymwiryee. w￿) wtyk tyelesslyto pJl ￿ tyfesti￿ of ths an￿r￿. Fln•n¢lal rwl•w The net ￿0￿eTht in fund5 this year arrK)unted lo a swAus of£78.52112022 of £19.3861. The trtal furxts ofthè charify as al 31 Oct(thr2023 aThunted to £215.W9120T2 £137,388) all ful￿ a represents Ihe Ch￿ty$ free reserves. It is the policy ol the ttontylhatunreStric￿ knntts whti have not teen dessraled tora SpeUr￿ UseS￿￿1d be tnaintained ata Iviel equvalenl b)Ihe fundamental w5t5 of Ihe fdSMt¥J festival n (xder to allDwfor ￿n￿￿enCES tausgj by external fa(lors. Th8 erf)ard of TruSte8St￿$￿Ie[ that rpr¥es al th$ Ipvel wll that. n th8 event of a signtheant drop in reven￿, they ¥%ill be atrAe to C￿)￿n￿e that thariwsathwties ts)￿l￿rat￿)n is 9iven to ways in whlch a(JitbJnal funds may be Ta￿. Plan$ frjrthe fvturn rgoal 8$ 8 tharily continu8$ lo fulfl 81 clovr ctyctN8s and whwe su￿￿$ IL¥)ds 8XtsI. io rn8ks dorAtion$ and SUPFN)rt hx81 advities. This year weV￿re ab￿ to bwan electric P&4no tr￿the loca prim￿ Schcd. we also 5UPPOrt ¥vhen they have a Wotkshop5 8ndthen 14&n StwJ&. We have duwied to the k)¢al RvJty Cknb. ￿lt a stage for ￿rfCrfman￿ for any eveni in tre town, at our I(￿al Pansh ChuTch Trustees also 8gree(Ilo a capila eXpernt￿e to buld a traiw to ferry campers lo arrtl the c8mpwte We contnue to act prudenuyto pmlect furty Ihe brdnd arKI stau5 thatwe have ￿11 up over ￿21 years. l am pleased to report thai Ye have male a reasonatrk rKcfftmargn. ¥%kf 85 eOSLq io nse. me8nS thai we tan Iwk towards putting M nexi years festP4al. %Yrfh al the heatth atKJ safety. secwty ffl￿agement ￿￿1[2d to do this T￿$t￿e$ have ass¥ssed the mapxrisksto thtrthaiity ts exp)sèJ. and SabeW that sysremgare ￿ rla( to milFJafr exposure ro m8sor rtsks.

UPTON FESTIVAL OF BLUES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Stru¢turg, govomanu al￿ manawgn¢ The charity IS a company limited ty ￿arantee. regtsterej utKSprts Com￿￿5 Act governiry d￿[nent0fthe ch3rity rs th8 k18rn(￿￿[n and ￿￿￿5 ofAs50(iabDll 8stabI￿￿9th8 ￿ttl>anY undsr ECft¥>any ￿￿￿tiOn. re are no r8thcti￿s In goYetDitpJ docurTrBtts ￿ thp ef tharityer on its itwethBnl PDWWS Oth Ihan tthse imposed by Charity La. TTr￿ T￿ste￿5. who areaso the dwBct(W5 fDr puwpof(wwry L￿. ar¥J tho sorvwj durirwJ IhB year arvj up to Ihe dalè ofswnatuie ofthe financia StslemÈntswerÈ: Mrs R S Edivards Ms R H Elheridge Mr M R fvbrgan P D Jordan GJBunn 7 pkngusi 20231 IAkWOWrted 26 2W231 maro9emert of the ¢())￿Y sthe resrthstsltrrfofthe Oirect<¥s area&0 Trustees and sho are ekcied and ewptsd under the tenns oftr Athcks orAs%￿￿ atyj are ie4Krwble forsettry Iherernuner8ti0n crf key twsonrl. We have recruited M addition￿ TnJ51ee5 ovuthe last1v￿￿e mnttrs. chanty Is wder IhF ¢filE IW ttRrthts. E￿ry is to ¢￿tr￿￿jie as may oe rèquirgd exeeedmg E10 10 tht ossets or wwany In the evtni otrts up vh)Iie ne or sThe Is a rn￿ber. ￿￿thI7 or year after he (K ceases to be 8 mwnbw. Trusteel was apw(Y4ed by the Bcwd 0fTn￿le$S. 118 R H Ethèrldgo Trustee D8tÉd". 28 Novemt*r 2023

UPTON FESTIVAL OF BLUES LIMITED STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 OCTOBER 2023 Th8 T￿stee8, who areas0 thedwBct￿5 of Fesbwd ol Bbe5 knrnited I(￿the PLWSX>Se of (xxnpany law. are resp¥)nsitAe for preparlly ltrt Trustees. Repcrt fnantsal atanents in ￿(dar￿e ￿lIh and United Kirydjm Accounling Standards juni￿ Kingl￿Tr Generaly Accepted AccLwnlmg Prxticel. Comp8ny Law requres the Truste25 to prewe finanraalslatefftents foreth ￿arKi81 year wh￿h a Irue and fa￿ ￿eWOf the State ofafaiTS oftteharity and ofthe inctmirvj rtsoLW¢BS and ofrastyJr¢e$, indudin9 the ineom d expendiW￿, of the Chailab￿ ¢cnpanyltr lrnal year. In wepwng these finart￿l slator(nls. Tiustees are requied to.. -sdath suitaYÈ aNlthÈn appty - d)seNe the melh(hlsand pmrarles in ￿ [￿arit￿ SQRP.. . makel￿￿r￿ents e5timatesthat are red￿nth prLxI . staia wPthar awlSc8bk uK￿]x￿￿r0 Sta)dath ha% W folty•Fed. subiKI to any n￿￿81 d8partwas d￿￿)sed and explaine(I In the 5tstemenis.' and - wepare Ihp financHI $tatertEnts w Ihe {￿cE￿ bays ￿￿eSS it is h4apFwate lo presuffte Ihatlhe charity ￿11 continue in operation. Trus1888 are respongiAe kewro adewglewJnliro rec￿￿5 Ih81 dwl)se re8$(￿￿￿&8¢¢ur9c￿ 818ny bm8 ihe linanckil oflhe thanty ar¢ ena¥¢ thern to en<wc Ihat Ihe fnarKJal 5tatrrents wtry)Wwlh the cOrry￿￿1¢S AGI 006. Thy are aL￿ responsible for salegu¥th￿ the a5setsoflhe rjwity and he￿￿tort3￿ry reasonab￿ steps for kne pravention *)d detéction [rffr8￿ a)d trlhèr ir8gLAarities

UPTON FESTIVAL OF BLUES LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UPTON FESTIVAL OF BLUES UMITED I r8Wrt to Ihe Tru5te85on rnYexam￿aITh ofthe thanLial Stale￿ts of u￿0￿ Fesbval ofBlue5 Limited Ilhe chartyl for the year ended 31 Oca(erW23. R$spon￿bIllIFy arKI basls of report As Ihe Trusiee8 of the chèrity18nd 4$¢ its droclcKs f¢x th8 PLrfN)$8s of¢empany lawl you ar? res￿81￿￿ Tu Iha pr8P8ralh)n of tre finaroal Slat￿￿ntS in &¢trdar￿0lth r6Y41irwnts c￿anS Act 20￿ (the 2006A¢tl. Hawry salEfied m)seWthat the fin3noal s￿te￿￿￿tS of the clwty we not wured to be audrted under Part 16 dthe 2006 knt arvj are elu1b￿ for ￿de[￿ndent e￿7tH[la￿on. I rewri In tE5pe(ofTny exaThination of th8 Ghaity's financol ststements Carried out under seth)n 145 ofthe Charthes Att 2011 2011 kll In carTrirg out Myexaminat¥￿ I have follo%v8d all applicabk DYectK)ns gven by Ihechatty Comnyssti)n under s8cbon 149iXbl of Ihe 2011 Act. Independent examinees statement Since the charity's gross income ￿Kc￿ded £250.CKI) your exaniner mu51 be arnprtl>profa in section 145 ofthe 2011 Act. I Ihal l am qualth& lo utwkrfake Ihe eXa[r¥nal￿ b8cEUSe l am a [n8rn￿r ofThe Institute uf Chartered AccounlW in Erykntt Waks IICAEW). of the liskny Wies. I have CoMp￿ted rny exaThinalion. I confirrn that M matt¥s have corne to rnyattentiDn in rnnnectkM ￿th the exÈmw)aiion giving tnecau$8 to b￿￿Ve thai in any rnaterk41 wpcL accounbry records were notkepl in reS￿l￿the ¢hffj as rewired by serthfft 386ofthe 2(M)6 Act.. the financial stairynents do not a¢tyyd ith tFN)se re￿￿$.. the financial statefflents do ￿(￿ComplY wlh Ihe rewyernents of secbon of the 2V(X> Act otsr Ihan any requwenl Ihal the aco)￿ts gve a t￿￿ lrvE¥iwlKh ￿ nol a TrN4itef {xXB￿e[&1 as P￿1 of an Independent exam181ic). or the financial 5talements have tK>l been Prep￿ed in a(LordatKe ￿ryth Ihe tneth(xts and prin￿p￿SOrthe Statetnent of Recommended for repthts)g by (knis apr1￿ lo ¢hanDes preparity their accounts in Accordance wAlhlhe FiianL471 Rekutirg s1andardapp1￿￿e the UK￿￿ RepublG of Irdand IFRS 1021 should be dravm In rerrt rthr to en*4e8 wderstaTrYiw ￿the finaW statem￿t8 to be Yeactsj. Morley BA (HrKtsl ACA dall Wadley LLP Granta Lcw 71 Graham Road MabEm WorcestwshY• WR14 2JS Dated.. 28 No¥ernt￿r 2023

UPTON FESTIVAL OF BLUES LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EPIDED 31 OCTOBER 2023 Unr25tsicted Unre8trictsd lunds rurds goneral 9￿[￿al 20 Notes Incorne fro￿= Donadons and ￿9ac￿5 ch￿rtab￿ ￿tsV[￿e$ 4.708 402.198 283.265 Totsl incorne 406.9( 283.321 charitab￿ ￿vIlle$ 328.385 263.935 Net Income lorthe yearl Net in funds 78.521 19. Fund balances at 1 November 2022 137.388 118.(K)2 Fund balances at 31 October 2023 215.90g 137.38B TtrE slateThenloffinarKial actMIEs all gain5￿xI k)sses inthe year. All iwom8 8nd eXper￿ltUre deri¥efrom ￿tinUry xbvtss. Thtr Statamqnt of activilBs *so wrfh th8 requwwhents an irthmè aThJ 8xpondilure attoiJnl undèr tha Cowan￿9 Act20￿.

UPTON FESTIVAL OF BLUES LIMITED BALANCE SHEET ASA T31 OCTOBER 2023 2023 2022 Flx•d assgls Tangib￿ a55ets 10 12,C Cuvr•nt a88•ts Debtors Cash at barlt and wi ha 3.035 140.867 199.431 205.639 143.902 Croditorn: amow)tstslliny wilhin on0 year 12 11.7301 16.4141 Nel current assets 203.9)9 I37.￿8 Total assets less current Ilablllks 215,9)9 137.388 Incornp funds Unrestridtd furKJs- 9wwal 215.9)9 137.388 215.9)9 137.388 Thp EuDpany is entiued to the PXenVKmlt￿n IheaLHJit rewi￿1￿(￿￿ed ￿ 5eLi(n 477 althe CotryanE5 Act 20C6. for ihè yaar 8ndad 31 oac4)er 2023. diretsots acknrthedge Iheir resFKnstyl fOr££thp￿"r0 with requwrnts of the Compan*sA¢t2LNJ6 Wih respe to a¢countiry records 8nd prepare￿￿ ￿rI￿ar￿al stat￿￿ts. Th8 m&[nb￿S have required the (x)rnp￿y io Obta￿ an awjit of it5 state[￿￿tE knlhe Y￿1n qLEStion in aCCordan￿w￿ spc1￿ 476. st fina￿¥1 Statements hav8 pr￿red il ¢¥ovtsIor68PFA￿b1& Io wmp8fM&s Wb￿¢1 to lh8 small c(Ynp3nie5 regime. Ihe linancEI slaternents were aprm¥ed bytre Trustees1￿ 28 No¥ernber 2D23 Ms R H Elheridge Trust99 Compahy rtryistratitim fiumber8065263

UPTON FESTIVAL OF BLUES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 A￿OUnt￿9 pol￿195 Charity inlarmBtit Uplon Fesli¥al o eAue5 a wvate crynp¥ry IwnitfyJ ty guarant iKorwypd n England and Wo5. The istsred offKe Is 1 Church Cotlages. Chwi StrEeL se￿Tll. Wofiwer. WR8 OHX. 1.1 A¢countlg comtenti 2006 and"Afthth￿ ar￿ bi Ch¥rfies" SlatewtofRetxlrn￿V¥kd Pratttste a￿lirth1￿e to ch9r￿e$ Ihgr amnts in all￿¥r￿pY￿lh the Fr￿￿081 SWdatd apliraY8 In IhB UK and REpubhc of Irdand IFRS 1D21 leftectNe 1 Janw2019f. The tharity is a PubSe B￿fil Entityas defined by FRS 102. The charity has tsken advantaJ8 pruvis￿in thB SORP frJrtharii￿5 4￿￿"[￿j FRS 102 Uk¥Jate Bullpbn l TY)t io prpp￿e a Statetn2trt of Cash FkM5. The fina￿￿1 akrthnts are s￿l￿j. vknich v3 th8 oJrwolth8 th8rfty. Monaryamounls Ihfysefin￿c￿I stslemwis we rOU￿E￿ to Ihe wrest£. The financial stalements have WEpaed uThrthe tristorica f￿v￿110n. The wnc¥)al a￿￿ntir0 polryes adoptèd a￿ SBI oul beknw. 1.2 Going concem Ihe cnantle acts¥￿e5 are entirdy (rKknionlhe 1x)nts￿irvJ s￿￿Of the te5trvai. As a cIxwu8r￿. the goin9con￿[￿ bus is de￿de￿I IFe future of these utKwtain fund￿9 streams. Accardiryly. the T￿￿1￿ h￿￿ obta￿e￿ foro¢4sts, ¥nd rev￿￿ry financ1 f￿8¢￿$t$f￿lh8 2024 f￿Val. th8 TrLBlees are saiisfd th81. 81 Ihe lyne of approving the fina￿31 stalernents. itis wul the Char￿rf5 abiltyto t(M)tinuè ès a C￿CeLTn. 1.3 charitable fvnds Unre.Ktrthd are use atthe of the Ttuslees In furthe￿[￿e of1h￿r tharitab￿ cbiectNes. Restrthd Iwdswe SU￿•¢1￿ specsfr¢thSlW6 by dortss as ￿ h￿theY may beLÉed. The purpos88 and uses of ErKlowfftentfun( are to speak (X)￿11￿5 by thaith& (xptal rnust be m&ntaned by th8 chty. 1.4 In¢omg I￿Orne is reCOgn￿ed when the charity is legalty enltded to it afier any CX)tKlthons have teen mel, the )ounts ￿ be I￿￿Jr8d ￿￿abty. aThJ Nis il ber￿81¥8￿. Cash d&Trati￿5 are rwIS￿ recept. Otherthakns we re(x￿t￿d I>￿e Ih2 chffj Yas been notified of the donaton. Unle￿ perf[M￿r￿￿e¢￿dthtr￿s ol the a￿￿1. Intxxnp tax re￿￿erdb￿ in rÈlats(M 10 d¢>nal￿S ￿￿er &ft Awj LY ￿J$ of Co￿￿￿nt k8 81th? tF) Legaup5 are recwr¥5ed ￿ recwpl or rf the chatity has b2en r￿f￿d of an impending di51ributsw, the nt Is knovln. and re￿p1 is expected. If the amount n(* knIMm. lh2 W is treat￿ as a conkngent asseL

UPTON FESTIVAL OF BLUES LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 ACcoUntw￿ pol￿•e$ (Continued) .5 Expenditure A liability. the related eX[￿rture. 15 recogn￿1 vjhen a (xxslru(the exsts asa re5uII of a pa51 6vent, ar￿ when il is rmre Ikety th) Th)1 th a tr[￿[￿ ote¢tyKYrMc terftwll in s8ldmeni, Ihe amwnl of the 0￿￿3t￿n w be Measu￿ or eS￿rA￿ted. Liabilb8s arisryfoHn futu￿ furKlw￿ ¢￿￿[n￿rts KI vbhgakns. irKWiry perf(XTn¥nTr relatgd wts. where the titning oflhe a[￿(￿nt ofthe lutsjre eX￿rt￿e reqwed to settk the O￿￿jatiDn are cwtain. give rise to a provÉ)n in the 8cr¥)unts. whth Is rekievd 81 the yew ￿d. Tre prO¥t$￿ is irK¥ease to refle¢t 8ny Increases in IkqblilK>g. and ts decreasgd by'.he ub"Ssaith dany wov6k)n ￿thin the p￿￿1. •)d revwwj lany prOv￿￿n is no knger rtyuiFed. These ￿￿Ne￿ntsare chty orCr￿1rted to the respective fvnds and aGtvi1￿5 to whith pl0visi￿ relates. 1.6 Tanglbh fixed assets Tangibktr [￿ed a¢s81$ intsty n￿￿d al cosl aThJ >Jbsequenty mEasur8d al(￿ orvalualon, ol depredation and any Irrpairrrent losses. Dvprwiaith is i¥¢oyntsed >0 ats ￿ w￿1￿￿ (Ir Ltyl UWIT rwduai valutrs uselul Iwe5 on thefollowirs bases". t equvjment 21fk stra￿1 lbie The or lo&s atsing an tr￿ dIs[￿>sai d an asset Lsdeternik￿d as thethltere￿e be￿￿en ￿ sale proceeds and Ihe rryng value asset. ar￿ r6 fewwl in trE slaterrWoIfi￿iJ acbvrties. 1.7 ImpawTnent of fLxed assets Al each rewirtng end da18. the cha[ity￿viv￿ the Ixryirvj anK)Lffrts o1rf6 tangible a￿ets to whether Iherp is aiy ttidt ttluse Iwve Sufferd ai i1litsthrtl￿Il 11 d1ly lim5￿tiull amount of the asset is estimated Wi i>th t0deteMi￿ the efftni of the in4)8imni bss lrfanyj. 1.8 Catsh and cash equivalEnts Cash orwj cash owwJl¢nb in harwj. dcpwib oti¥ll bars. othci short-tcrfft liwKJ invcstmcnts wth an9nal maturrties ofttryee [r￿th5or kn. 1.9 Flnan¢lal knstswmonts The tharity has decied to aptAy th2 pro515￿5 of secti(￿ 11 Insttwnents. a[￿ Section 12.otr Financk81 Instrurnents Issues. of FRS 102 to al of ts iwwments. Financial in5￿ments are rwised in the thariEt ittettten Ihe beo)mes party 10 theccniractU81 prov￿￿1￿$ of Ihe inslrurrent Financk?l assètsand ￿8b￿rt￿￿e thlsei. W￿1h the ¥t anMyJMS menteo ￿ the firt8￿ statements. when there is 8 legally énforcea1￿@ rightto Set off thtr re¢trJntstd nrxjrt$ar￿ there is ￿ inten1N￿ to Sèldè on8 basts orto r881i88 e assel and seiik tht118blily &mU1￿80￿. Baslc financlal assels BasifinancKql éssÈts. debttrs th banrf ba&rw. È In￿tIlY measured at tr)sxtk)n price Induding iran5adon costs and are ￿￿en￿￿￿e￿ * awD5ed uTAtvJ tre eff￿tr￿ ￿terest meth(xJ unless ihe atraryÈmeni<tsisirfute8a trÈ transa(aw ts measured at trÈ (￿Sent ¥alue oftr hjiure r￿eipts th5￿nIed at a rnarket rai8 of int8rsi. FIr￿r￿la1 8s$8ts &8s5thed a$re￿vab￿ wthin on8 yaar are not arnorbsed.

UPTON FESTIVAL OF BLUES LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 ACcoUntw￿ pol￿•e$ (Continued) Basifinancial liabilities. hycl￿lIrVy Credit￿ barth k)ans are irMtiatyrwTh5ed at￿Saction W￿ unless the arranyèmtrni ¢￿s￿lUtes a finariryJ the dd)l inssumwl ts measured al th6 pres￿1 vau of the future payThEntsdiscotsnted ata marka rafr of inleresL Financia IKiniÈs dasAfied as payable wrttrin ore ye¥ are not afflorbsed. Trade cr8011c￿ 8re o￿l981￿)n$ 1¢ pay fwgcthsorsefvKXS dk41 have twi a¢qwr8¢ ￿ the tydinary course of operaions Irorn supplers. Arnounts Pw/ab￿ are ck5silied as cwrent1thsl￿S rt payment 15 due wrthin one year or less. If not. thÈy arp pie$enled as non4￿[rent kablrtEs. Trae c'etitots are [￿n￿l Initial￿ ai ptice and SubseqUen￿Y rneasured at a[nOrbs￿ m ￿AnY tseffthe rterest rr￿. Financial liabilthes are deretwised th3nty"s (X)rr￿￿1 ￿￿3t￿￿s expKeiJrare distharged I￿￿￿l￿d. 1.10 Taxalo The TrLEiee5 cons¥J¥ Ihal tscharity t1￿ te51$ sei wl in Pawaph 1 oflhe Fina￿eACt201o fr UK (Xwjrdti￿ tax purEK>ses. A(thirVy. the thaiiy i% ￿ntia1YeXerr￿l frotn taxation n respect of income and c3pd8198ins received wthin Cateyies covered by£48w3 p8rt 11 of te Corpty81iw T8A¢i 2010 or secti￿ 256 lh• TaxalKJn of Chwabk) Gans Act 1992. to th4 •Xt•nt that Such inc¢AM ￿ 9ail% 31• •xcluSw•ty on Ihg spec￿lC charitatle tre charity and noother pwp)se. V¥ue Atheé Tax ￿¢0￿era￿ by the d)anty. and E therefore the rewrtcosts in Ihe Ststementol Financial Actiwbe5. 1.11 EmplayEe benEfits The CDSt of any unused kKANlaYenti1￿ ￿ re(¥pJnEed in th8 petK¥J the e￿￿Tr￿Ss￿¥1￿ar& re￿Ne￿. TwM¥￿1￿n benefits are r9cogn￿ed ¥rI￿saI$1ya5¥n exp8w dwrty ￿ deIr￿Str￿)1Y to terrninate th2 e[ryA0￿￿ ernpbyee ￿lD pThide lewM￿alK￿ betth. 1.12 Voknteers In arXQ[dar￿ the SC¥IP, arKI D re￿n￿(￿ oflhe pkn'tvJ B tntxiptary Ihe u)ntrbuli(m tro Voknnteers. the ccrt1tritrrtrt￿ )f vdthte&E is I￿￿￿ed ilhn ts ir￿￿￿ oftre charity. However. the Tru5tee5 Value Ihe 5ignknt t￿￿ to the atlMbe5 of the charty by unP￿d vdunteet5. The ro￿ ofvdunteBrs wthin Ihe ctharity's &bvthe8has bB¢tThF iTWrtanl. with a ¢arefvll¥ inirtQu¢ad programm of'Fe5bval Champions, 10 Ynrrfove the yiytors exteierKe S￿$$ o the fesbval &AS enabkd tre org8ris8liw to TrNire txofesswal to wre Ihe wl ynootNy. copes ￿1th the greater nurrber of vis11c￿ ¥Dd wer¥ieswithn ¢￿ar profe55K)nal guNWir￿s. 10-

UPTON FESTIVAL OF BLUES LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 ¢rttl¢al a￿O￿n￿n9 •stims and lyd9prnonts In the 8pplicabon oflhe thgrity's 8CC(rnry ￿￿￿¢$. the Tfuees Ofe required to rnrciud9ernents, esbrngles Jr assumplw)ns amul Ihe carrying anKurtofassets )d hab11￿$ th41 are r￿hlY app¥￿1 frw ￿her ￿￿rs. esthThates and asSoC￿te¢l as5wWK)n5aE based on e￿ier￿e￿d O￿taI￿r5 that are (X)ns￿r￿ to be rde¥8nt. Aeiual resuhs maydrfTÈr fromihes& ÈStirnatÈs. Thp Fthd iJrlptyryJ ￿￿1￿￿￿￿¥￿e. rpvh¥erf rjn an In aruAJnhrrfJ p¢limqrps arp. recognised in the p8rk in ¥Jh¢h Ihe esDmaie is tsre revi8kJl aff￿1$ tyily Ihal pwitrj. or in the pariod of Ihe rwisx)n Tuture per￿￿S whpre Ihe revi&on affects tx>th curr￿rt future peri(xl5. Donatk)ns and bga¢hs Unrvsiitled Unrestnctsd funds fuTQs gonèral g￿n￿al 2023 Donat￿rts arKI ghls 4.708 Charabl• a¢tl¥Ws 2c23 Camping f8es stallho￿elS Merchandise sa￿5 Prwrarnffle sales A4vertiyThJ saès COncess￿r Car incixne 350,630 20,565 1,420 5.466 2,100 16,729 5,2&8 233.>)0 15.9)5 1.971 6.674 16.9)0 7.715 402,198 283.265

UPTON FESTIVAL OF BLUES LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Chpr#ablo a¢thlts 2023 Music ar￿ entertainNnt Staging costs Camp$rte magtrffnt SgGurity. hffdllh and sal8ty Ancilary Ctss Sl Peterarf St Paul G￿rth sei lip 59,802 12,￿0 131,968 53,170 10,471 3,200 47.155 10.415 99.410 50.693 13.521 270,￿1 227.197 Share of support ￿5t5{See mte 61 SharE of 9)vern8nce costs Isee rrf)le61 $6,734 36.078 328,385 263.935 Support costg 1023 SwyMtC05ts Gth{e[na￿e SLqft costs Insurance Bank charge5 Fesir¥al organts81￿n min15trabve expenses PuNiiity Sundry 151XK) 2611 630 14 655 816 20214 15.IXKI 2.611 63D 14.655 816 20.214 2.498 2.521 487 9.922 587 19.797 2.498 2.527 587 19.797 Indepènd¥nt exar¥rrs 56 734 $7.394 36.078 660 36.738 Andy5ed bethEen charitab￿ acbvries 56 734 57.394 36.078 36.738 G0vemar￿9 costs payments to Ihe irxlyJNlwt ￿r￿￿er of£W12022-£6(X)Ifoi independent pxatninatii)n 12-

UPTON FESTIVAL OF BLUES LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Trustros Non¢oflhe TrLcs {￿anY ￿&￿5£￿ne¢t¢d thernl reeewe4 eny rKbeThofitsfrom the cherity during Ihe y8ar. Mrs R H Elhe￿9 rec&vedan of£nl12022 EnllarKI a saaryof£s,IXK>12022 £2.4981 in her capactty as FegtTh81 Adminithtty. Mr G J Bunn r￿ve￿ an hwarium cl£r¥l12022 £Thll ¥ salary of £10.IMN)12022 £nill in hks capauty as Fe8tN81 Direck>r. The 8verage rnonlNy wmlw of eTryk¥ees duriry ￿ year Ya5. 2023 Nwrthr Number Tclal 2023 Wages and sala 15.0 Taxauon The tharity is exetw frorn lax on irKome at¥J gainsfalingwithin se￿￿505 of theTaxes Ad 1988 orsectK)n 252 of the T¥xaih)n0fCha￿ab￿ GaiisAd 1W2 10 Ihal these¥e to its ch¥itsble obpcts. 10 Tanglblo flxed assets P￿￿and oqulpm¢nt Cost A(￿jrt￿Th$ 12.(110 At 31 (kknber 2023 12.[￿￿) Ca￿￿7n9 arnowrt At 31 October 2023 12, 13-

UPTON FESTIVAL OF BLUES LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 OCTOBER 2023 11 Dgbtors 20rJ Z022 Arnounts lallln9 duc within ¢)n¢ yew. Otherdeblor5 Pre￿y￿entS and 8CCtLd incc¥ne 585 6,208 6.208 12 Cr•dltOf8'. lalllngthjèwlthkn on• ytrar 2023 2022 Other laxalK)n and ￿ra1 s&)Jrity Trade creditors 581 549 83 4.￿2 1.&9 Aruuals and def£fred incorne 6(X) 1.730 6.514 13 Anatysi$ )f not assfyts botweon fvrK15 lunds 2023 Fund balartrs 8t 31 1)¢tcthr 20￿ arereFwenW by.. Tangib￿ assèts Curr8ni assetslllkgblthesl 12.OLKI 203.9( 137.386 215.909 137.388 14 Related party transxtiuns There wtrfv rw) dts¢bsable rgL81ed patty IisèclK¥ duiwi9 ye axw With ra9ards ty payments to Ttust$. which are fuly (Ssdosed In note 8 12022- wel. 14-

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