2023-12-31-accounts - Southwell Music Festival Limited

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 3
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		7to8
Notes to the Financial	Statements	9to 19

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(Including Inco	me an	d Exp	enditure	Account and Losses)	Statement ofTo	tal Recognised	Gains and
						Total	Total
				Unrestricted	Restricted	2023	2022
			Note
Income and Endowments		from:
Donations and legacies				37,585	5,500	43,085	38,869
Charitable activities				20,403		20,403	8,479
Other trading activities				118,717	5,200	123,917	133,283
Total Income				176,705	10,700	187,405	180,631
Expenditure on:
Raising funds				(11,428)		(11,428)	(10,797)
Charitable activities				(143,431)	(8,700)	(152,131)	(177,415)
Total Expenditure				(154,859)	(8,700)	(163,559)	(188,212)
Net income/(expenditure)				21,846	2,000	23,846	(7,581)
Net movement in funds				21,846	2,000	23,846	(7,581)
Reconciliation offunds
Total funds brought	forward			35,134		35,134	42,715
Total funds carried	forward		19	56,980	2,000	58,980	35,134

		Balan	ce Sheet as at 3	1December 2023
					2023	2022
				Note
Fixed assets
Tangible assets				14		237
Current assets
Stocks				15		1,190
Debtors				16	1,351	1,473
Cash at bank	and in hand				60,012	34,343
					61,363	37,006
Creditors: Amounts		falling due within	one year	17	(2,383)	(2,109)
Net current	assets				58,980	34,897
Net assets					58,980	35,134
Funds ofthe	Charity:
Restricted income funds
Restricted funds					2,000
Unrestricted	income	funds
Unrestricted	funds				56,980	35,134
Total funds				19	58,980	35,134

3	Income		from donations	and legacies
					Unrestricted
					funds	Restricted	Total	Total
					General	funds	2023	2022
Donations		and legacies;
	Donations		from individuals		26,732	5,500	32,232	26,106
	Gift aid reclaimed				10,853		10,853	12,763
					37,585	5,500	43,085	38,869
4	Income		from charitable	activities
							Unrestricted
							funds	Total
							General	2023
	Orchestra		tax relief				20,403	20,403
							Unrestricted
							funds	Total
							General	2022
	Orchestra		tax relief				8,479	8,479

			Unrestricted
			funds	Restricted	Total
			General	funds	2023
Events income;
Ticket and	programme	sales	65,213		65,213
Fundraising	events		11,989		11,989
Sponsorship	income			5,200	5,200
Friends ofSMF			41,515		41,515
			118,717	5,200	123,917

			Unrestricted
			funds	Total
			General	2022
Events income;
Ticket and	programme	sales	59,848	59,848
Fundraising	events		14,335	14,335
Sponsorship	income		21,000	21,000
Friends ofSMF			38,100	38,100
			133,283	133,283

a) Costs of	trading activities
		Unrestricted
			Total	Total
		General	2023	2022
Fundraising	trading costs;
Fundraising		10,238	10,238	10,318
Costs ofgoods sold		1,190	1,190	479
		11,428	11,428	10,797

7 Expend	iture	on cha	ritable activities
				Unrestricted	funds	Total
				General	Other	2023
Music hire	and	purchase	and PRS	4,355		4,355
Musicians				51,903	3,500	55,403
Hospitality	and	catering		7,435	5,200	12,635
Box office	charges			4,791		4,791
Venue expenditure				11,695		11,695
Insurance				1,858		1,858
Printing, postage and stationery				1,052		1,052
Piano hire	and	tuning		4,924		4,924
Miscellaneous		expenses		1,973		1,973
Accommodation				1,674		1,674
Marketing	and	PR		7,983		7,983

		Unrestricted	Unrestricted	funds	Total
		General		Other	2023
Programme expenditure		3,740			3,740
Subscription s			430		430
Festival makers &box	office manager	2,941			2,941
Telephony &broadband			720		720
Travel &subsistence		2,	193		2,193
Small equipment & software		2,719			2,719
Festival management		24,910			24,910
		137,296		8,700	145,996
				Unrestricted
				funds	Total
				General	2022
Music hire and purchase	and PRS			4,066	4,066
Musicians				67,683	67,683
Hospitality and catering				17,895	17,895
Boxoffice charges				4,711	4,711
Venue expenditure				17,032	17,032
Insurance				2,502	2,502
Printing, postage and stationery				2,004	2,004
Piano hire and tuning				5,820	5,820
Miscellaneous expenses				3,741	3,741
Accommodation				1,325	1,325
Marketing and PR				7,738	7,738
Programme expenditure				6,374	6,374
Video, audio and photography				900	900
Subscriptions				365	365
Depreciation oftangible	fixed assets			1,042	1,042
Festival makers &box	office manager			3,136	3,136
Telephony &broadband				684	684
Travel & subsistence				2,280	2,280
Small equipment & software				2,291	2,291
Festival management				19,706	19,706
				171,295	171,295

						Unrestricted	Unrestricted
								Total	Total
						General		2023	2022
Independent examiner	fees
Examination ofthe financial			statements				714	714		690
Other fees paid to examiners						1,026		1,026		930
Trustees remuneration	and	expenses					58	58		500
Bookkeeping						4,	100	4,100	4,000
						5,898		5,898	6,	120
9 Net incoming/outgoing		resources
Net incoming/(outgoing)	resources for the year			include:
								2023	2022
Depreciation offixed	assets							(237)	(1,042)
10 Trustees remuneration		and expenses
During the year the Charity		made the following		transactions		with trustees:
Mr Flynn Le Brocq
Travel expenditure of	f58 (2022:f334)was reimbursed				to	the trustee.

Staff costs during	2023 K	2022 K
Wages and salaries	35,960	29,512
Social security costs	2,174	1,629
Pension costs	633	473
	38,767	31,614

during the ye	ar e	xpress	ed as	full ti	me equivalents was as follows:
							2023	2022
							No	No
Management
Administration
No employee	received		emoluments		ofmore than f60,000 during	the year.
12 Independent		examiner's		remuneration
							2023	2022
Examination	ofthe financial			statements			714		690
Other fees to examiners
All other tax	advisory		services				624		600
All other services							402		330
							1,026		930

				Furniture and
				equipment	Total
Cost
At I January 2023				11,013	11,013
At 31 December 2023				11,013	11,013
Depreciation
At I January 2023				10,776	10,776
Charge for the year				237	237
At 31 December 2023				11,013	11,013
Net book value
At 31 December 2023
At 31 December 2022				237	237
15 Stock
				2023	2022
Stocks					1,190
16 Debtors
				2023	2022
Prepayments				1,351	1,473
17 Creditors:	amounts	falling due within	one year
				2023	2022
Trade creditors					238
Other creditors				119	131
Accruals				714	690
Deferred income				1,550	1,050
				2,383	2,109

	Notes	to the Fin	ancial Statements for the Year E	nded 31December 2023
				2022
Deferred	income at	1 January 2023		1,050
Resources	deferred	in the period		1,550
Amounts	released from previous		periods	(1,050)
Deferred	income at	year end		1,550

19 Funds
					Balance at 31
		Balance at 1	Incoming	Resources	December
		January 2023	resources	expended	2023
Unrestricted
General		35,134	176,705	(154,859)	56,980
Restricted			(10,700)	8,700	(2,000)
Total funds		35,134	187,405	(163,559)	58,980
					Balance at 31
		Balance at 1	Incoming	Resources	December
		January 2022	resources	expended	2022
Unrestricted	funds
General		42,715	180,631	(188,212)	35,134

	Notes to the Financial Stateme	nts for the Year Ended 31December 2	023
		Unrestricted	Total funds at
		funds	31December
		General	2023
Current	assets	61,363	61,363
Current	liabilities	(2,383)	(2,383)
Total net assets		58,980	58,980