| Slalement ofnnanmal actlviues |
(Including | (Including | Income and Expenditure | account) for the year ended 30November | account) for the year ended 30November | account) for the year ended 30November | account) for the year ended 30November | 2021 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Reslrided | funds | Unrestrldsd | funds | Tolal funds | Total funds (Note | ||||
| (Note 2) | 8) | ||||||||
| 2021 | 2020 | ||||||||
| Incoming resources | |||||||||
| Incoming resources from generating | funds | ||||||||
| lrcrunrery income |
|||||||||
| Donations and grants (nots 2) |
43,993 | ||||||||
| Amlvltles for generating funds |
|||||||||
| Concerts and music | workshops | 14,885 | 14,885 | 2,163 | |||||
| Merchandise | etc | ||||||||
| Total Incoming resources | |||||||||
| RssoUHws skpsrldad | |||||||||
| Costs ofgenersdng funds |
|||||||||
| Charllable Amlvltles |
|||||||||
| Concerls and music | workshops | 37,196 | 20,723 | ||||||
| Other costs (nots | 6,272 | 25,169 | |||||||
| Si | |||||||||
| Governance | |||||||||
| coals | |||||||||
| Total rasoUrces expmtded | |||||||||
| Net Income for year | 6,132 | 1?847 | 7,715 | ||||||
| Reconclgsuon offunds |
|||||||||
| Tclal fUnds tnoUQM Iolwmd | 1,181 | 1,161 | |||||||
| Trensler between funds | 5,132 | ||||||||
| Total funds carried forward |
| 1.Accounting pogdes |
|||
|---|---|---|---|
| The principal accounting pohcles are summarlsed below. The accounting polktss have been applied |
consistently thmughoul |
the | |
| preceding year. | |||
| (a)Basis ofaccoundng | |||
| The flnandal slalemenls have been pmpared under the hislorkal cost convention and in accordance |
with the Companies | Act 2006 | |
| Ihe Statement of Recommended Practke: Accounting and Reporling by Charriies issued In March 2005 and the |
|||
| Charities SORP(FRSf02). | |||
| (b) Fund accounting | |||
| - unresbkted funds are available tor use at the discretion ofthe tiustees in tmlhemnce ofthe general |
adivttles otthe charit. |
||
| - restrkted funds are subjected to nislriCtiOns On their expendgure imposed by the donor. |
|||
| A fargo majority ot reslrkted tunds Isforthe schools and outreach programme and tor ctsrlly ot presentation, only these funds are |
|||
| Included In the restricted funds column ofthe Statemenl of Flnandal AcMlea See note 2forfurther |
explanation. | ||
| (0) Incoming resoumes |
|||
| Ag incoming resources are Included inthe slalemenl ottlnancial activgies when the charily is entitled |
to, and virtually certain | lo | |
| receive, the income and the amount can be quantified with reasonable accuracy. The tolkwing pogcies are applied to particular |
|||
| categories of income: | |||
| - Voluntary income is received byway otgrants and donations and is Induded in full in the Statement |
of Financial Activities when | ||
| receivable. | |||
| - Donated services and facilmes are induded at the value tothe charily where this can be quantlffrxf. |
The value ot services | ||
| prinrided by volunteers has not been included In these accounts. |
|||
| - Incoming resources from concerts, musk worirshops and programme advertising are accounted for |
when earned. | ||
| (d) Resources expended | |||
| Expenditure is recognised on an accrual basis as a liabilily when incurred. Expenditure includes any |
VAT which cannot be | fully | |
| recovered, and is reported as pari of the expenditure to which it mlates. |
|||
| -costs ol generating funds comprise costs associated vrim delivering the Festival and associated workshops These costs |
|||
| indude those which can be ariocsted riirectiy, principally muwciens, anri those Indirect coals necessary to support them. |
|||
| -Governance costs indude those costs assodated with meedng the conslautfonal and slatutory requirements ofthe charily. |
| 7.Crsdmxs | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Working capital advance to be repaid to | Chairman | 3,000 | |||||||
| Mushians for conceits |
1,540 | ||||||||
| Due tovenues | |||||||||
| 8.Analysis ofrestricted and unreshmted | income and expenditure | for 2020 | |||||||
| Reslrhled | funds | Unrestricted | funds | Total tunds | |||||
| 2020 | 2020 | 2020 | |||||||
| incoming resources | |||||||||
| Incoming resources from | generating | funds | |||||||
| Ircfunrary irlccrlle | |||||||||
| Donasons and grants (note 2) | 7,000 | 43,993 | |||||||
| Acuvitles for generating | funds | ||||||||
| Concerts and mush | workshops | 2,153 | 2,183 | ||||||
| Merchandise | etc | ||||||||
| Total incoming resources | |||||||||
| Resources expended | |||||||||
| Costs of generating funds |
|||||||||
| Chatitable Acdvtges | |||||||||
| Concerts and music | workshops | 8.533 | 12,191 | 20,723 | |||||
| Other | costs (note | 10.550 | 14,619 | 25,169 | |||||
| 3) | |||||||||
| Governance | |||||||||
| costs | |||||||||
| Total resources expended | |||||||||
| Net income for year | .12,083 | 12,746 | 663 | ||||||
| Reconcgmtlon offunds |
|||||||||
| Total funds brought forward | 493 | ||||||||
| Transler between funds | |||||||||
| Total funds carried forward |