¢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$A￿ 2QM)6 and"Ac¢owtsw and Rept*tng
by Charities". Statement ol Recornmended PraCt￿e alw￿ble to Chartt￿ iryaiirwJ their a{x(￿nIS in a(rthanr* wth the
Financial Réwrfitw) Standard appltatle w) UK RwtAic of treL*d IFRS 1021 leffÉctiYe 1 JarxJ8ry 20191..
Obje¢trwes and a¢ti¥rf*s
chadly¥ obia¢ts arn..
The wixnotion thnTrmentoltre aesthethceduration ofthe OF. and the ￿￿torS 10,
U0¢n￿￿On-stV￿M and the M￿￿Thd$. 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 &uc*on olthe Inge[￿ in the subPrtof￿Ues ￿15￿ ofa high arbsbccalbre.
i￿v￿l￿g thÈ ofsuth ￿UeS mLtsi¢at*J thp play.ry tlues mus￿5￿￿[81￿". andlor
To promote for th8 benf*fil oflhe hllhatitanL8 ol up￿￿[x￿￿SeWetn *yJ Ihe sU[ruu￿In9 artra he pmisth of
facilitYe5 and fur)dw)o of a¢iMl*s 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 Fe*Nal. not ￿th$la*jIng 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 thfer*itts 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$8wgws t*ck & &)rth thiough lh& to%vn was a
nuge Success t￿81.
Other gr8at addibon was wr￿￿nIn9 up wth lh8 Wintage Car Club. wl¥) hadovar a huThtred ￿orn disp18y
and despite ihe bad weather vras really supported enjoyed tyy the
AS 81w8ys. Ive prcNJuc*J 8 really Prcyn of eveiits. *ilh Icis of inlwestrq wb(*s. *J¥erts thalsupp)rtthe Iwn
businFsses. d8taiL% 150 baThJs ￿￿$. 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 nun*ers were 10 F￿10￿$ y2ars and we
eonstanoy try kn im￿0￿￿ Ih8ir e¥p8r*nce 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 tr*s8 OccasK)r￿a￿ grant makiny as1￿￿￿￿".
Thallhe monEs go speuficaly to a ￿￿that i5 in kewro *ith
Thatlhe m￿￿$. its USÈ ar￿ atbvitses arpfilty d<xxxvented
That ihe go lo Olg￿lSaIlO￿s Talh8r'than Ind￿NIJa
Thai yrani arÈTrb*Je 10 Ihe (￿ants3￿ the TIL6tees sdecithose thai 8re successfijl
A¢hifyvoments ond porform0￿*
We are to be the winner of the UK ￿UeS Federalwjn Eest uKFe5￿YaI. 2023 awth fur the Ihwd timB. Thi5 B all
Llown to the commitrywl of our¢tymwiryee. w￿) wtyk tyelesslyto pJl ￿ tyfesti￿ of ths *an￿r￿.
Fln•n¢lal rwl•w
The net ￿0￿eTht in fund5 this year arrK)unted lo a swAus of£78.52112022 of £19.3861. The trtal furxts ofthè
charify as al 31 Oct(thr2023 aThunted to £215.W9120T2 £137,388) all ful￿ a
represents Ihe Ch￿ty$ 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￿$￿Ie[ that rp*r¥es al th$ 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 eXpern*t￿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 s*ho are ekcied and
ewptsd under the tenns oftr* Athcks orAs%￿￿ atyj are ie4Krwble forsettry Iherernuner8ti0n crf key twsonr*l.
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 oftt*eharity and ofthe inctmirvj rtsoLW¢BS and ofrastyJr¢e$, indudin9 the ineom *d
expendiW￿, of the Chailab￿ ¢c*npanyltr 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 wP*thar 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 $tatertEnts w Ihe {￿cE￿ bays ￿￿eSS it is h4apFwate lo presuffte Ihatlhe charity ￿11
continue in operation.
Trus1888 are respongiAe kewro adewgle*wJnliro rec￿￿5 Ih81 dwl)se re8$(￿￿￿&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￿0*lth r6Y41irw*nts c￿an*S 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 ots*r Ihan
any requwenl Ihal the aco)￿ts gve a t￿￿ l*rvE¥iwlKh ￿ nol a TrN4itef {xXB￿e[&1 as P￿1 of an
Independent exam*181ic*). 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 (kni*s 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 ￿ 5eL*i(n 477 althe CotryanE5 Act 20C6. for
ihè yaar 8ndad 31 oac4)er 2023.
diretsots acknrthedge Iheir resFKnstyl* fOr££thp￿"r0 with requwr*nts 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* iKorwy*pd n England and Wo*5. The
istsred offKe Is 1 Church Cotlages. Chwi* StrEeL se￿Tll. Wofiwer. WR8 OHX.
1.1 A¢count*lg comtenti
2006 and"Af*thth￿ ar￿ bi Ch¥rfies" Slate*wtofRetxlrn￿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. Mon*aryamounls
Ihfysefin￿c￿I stslemwis we rOU￿E￿ to Ihe wrest£.
The financial stalements have WEpaed uTh*rthe tristorica f￿v￿110n. The wnc¥)al a￿￿ntir0 polryes
adoptèd a￿ SBI oul beknw.
1.2 Going concem
Ihe cnant*le 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 financ*1 f￿8¢￿$t$f￿lh8 2024 f￿Val. th8 TrLBlees are saiisf*d th81. 81
Ihe lyne of approving the fina￿31 stalernents. itis w<priaie lo adopt Can￿r￿ basis in p￿paring the
finaMK415talefflents. Cther than tnatters. Ihe Trustees not of any rr43lerial uncertainties atx>ul 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 ch*ty.
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 ter*ftwll in s8ld*meni,
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 rekiev*d 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)8im*ni bss lrfanyj.
1.8 Catsh and cash equivalEnts
Cash orwj cash owwJl¢nb in harwj. dcpwib oti¥ll bar*s. 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* ittet*tten 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 t*h 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 int8r*si. 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 finar*iryJ the dd)l inssumwl ts measured al th6 pres￿1 vau* of the
future payThEntsdiscotsnted ata marka rafr of inleresL Financia IK*iniÈs 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$enled as non4￿[rent kablrtEs. Trae c'etitots are [￿n￿l Initial￿ ai ptice and
SubseqUen￿Y rneasured at a[nOrbs￿ m ￿AnY tseffthe rterest rr￿.
Financial liabilthes are deretwised th3nty"s (X)r*r￿￿1 ￿￿3t￿￿s expKeiJrare distharged I￿￿￿l￿d.
1.10 Taxalo
The TrLEiee5 cons¥J¥ Ihal tscharity t1￿ te51$ 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 T8*A¢i 2010 or secti￿ 256
lh• TaxalKJn of Ch*wabk) 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 exte*ierKe 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 •stim*s and lyd9prnonts
In the 8pplicabon oflhe thgrity's 8CC(*rnry ￿￿￿¢$. the Tfu*ees Ofe required to rnr*ciud9ernents, esbrngles Jr
assumplw)ns amul Ihe carrying anKurtofassets *)d hab11￿$ th41 are r￿hlY app¥￿1 frw ￿her ￿￿r*s.
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 iJr*lptyryJ ￿￿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
Char*abl• a¢tl¥W*s
2c*23
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￿ entertainN*nt
Staging costs
Camp$rte m*agtrff*nt
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¥r*rs
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 TrL*cs {￿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 8CCtL*d 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 Ii*sèclK¥* duiwi9 ye* axw With ra9ards ty payments to Ttust*$.
which are fuly (Ssdosed In note 8 12022- wel.
14-

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registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of
the Companies Act ?006.