Company registration number: 08361306
Charity registration number.. 1153135
Southwell Music Festival Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 De¢ember 2024
RWB CA Limited
Northgale House
North Gate
New Basford
Nottingham
NG7 7BQ

Southwell Music Festival Limited
Contents
Reference and Administrative Detai15
Trnstees, Report
2to3
Statement of Trustees, Responsibilitie5
Independent Examinevs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t018

Southwell Music Festival Limited
Reference and Administrative Details
Chair
Ms Amanda Farr (appoint¢d 22 November 2024)
Trustees
Mr William Balkwill
Mr Flynn John Brayn Le Brocq
Mr James Campbell
Dr Margaret Chadwick
Mr Patrick Massey
Ms Carris Jones (appointed l April 2024)
Ms Sarah Elizabeth Hall (appointed 22 November 2024)
Ms Kristin Eleanor M¢lntosh (appointed 22 November 2024)
Mr Peter Stephen Garrood (appointed 22 November 2024)
Mr Thomas du Ple5sis (resigned 22 November 2024)
Seeret4ry
Mr Flynn Le Brocq
Charity Registration Number
1153135
Company Registration Number
08361306
The Charity is incorporated in England and Wales.
47 EasthoTpe
Southwell
Nottingham
NG25 OHY
ReEiStered Office
Independent Examiner
RWB CA Limited
Northgate House
North Gate
New Ba5ford
Nottingham
NG7 7BQ
Page I

Southwell Music Festival Limited
Trustees, Report
The tru5tee5, who are directors for the purposes of company law. present the annual report together with the
fmancial statements of the charitable company for the year ended 31 December 2024.
Objective5 And &ctivitie5
Objects and aims
Southwell Music Festival Limited is also a registered charity. It was establi5h¢d to provide for the advancement of
the Art5 and in particular the Arts of Music. Speech and Drama by the pre5¢ntation of an annual classical music
festival predominantly but not exclusively in Southwell, Nottingham5hir¢.
Public benefit
The trustees confirni that they have romplied with the requirements of sertion 17 of the Charities Act 2011 to have
due regard to the public benefit guidan¢¢ published by the Charity Comrnis5ion for England and Wales.
Achievements and perforniance
The annual Souihw¢ll Music Festival celebrated its tenth season in 2024. This milestone was marked by th¢
perfonnance of a new work specially commissioned from Cheryl Francis-Hoad.
Under the artistic direthion of its founder, Marcus Farnsworth, the Southwell Music Festival continues to achieve
rilical acclaim and has b¢¢ome renowned for producing an exquisite programme of chamber. choral and orchestral
musi¢ to audiences in the small historic town of Southwell. The Festival takes place every year on the August Bank
Holiday weekend. The Festival is very much a community event and relies heavily on an enthusiastic band of over
one hundred volunteers living in and near Southwell who carry out a wide range of jobs from organising hosting of
musicians to stage management and front of house and acting as trustees of the charity. A tolal of twenty-one events
took place over four day5. Twelve concerts took place in the Chapter House, Crossing and Nave of Southwell
Minster, and two in the Methodist Church. There was a Musical Picnic in the Palace Garden, a Folk Concert in the
Marquee and a Come and Sing rehearsal followed by a wncerL both in the Nave. There were Festival Talks before
three of the concerts.
One ¢on¢ert highlight was the premiere of the specially commissioned piece With What Sudden Joy by Cheryl
FranGi5-Hoad. with a libretto by poet Kate Wakeling. This new work was perforn]ed alongside Moz2rt's Requiem.
Renowned Brit15h tenor Mark Padmore was Artist-in-R¢sidence, a first for Southwell Music Festival, and gave a
recital of English Songs. Total audience for the concerts and talks was 3,565. Fringe events took place in Southwell
Library, the Market Square, the Methodist Church. and several pubs. Ten separate groups and soloists took part.
including the Nottingham Youth Jazz Orchestra and other young artists still at school. The Fringe is a showcase for
local perforn)ers and is free of charge with a retiring collection for a local charity. whi¢h in 2024 was the local
Beaumond House Hospice.
Inspiring and providing an opportunity for youn8 musician5 has been part of Southwell Music Festival's mission
from the beginning. 2024's string apprentices were the Sonas Quartet, all students from the Guildhall School of
Music. The vocal apprentices were four graduates from The Sixteen's Genesi5 talent programme. A Masterclass
provided coaching by Festival Musicians of young players.
Festival Makers are young people gaining work ¢Kperience and gaining a taste of whF4t it Is like to work in event
mana8¢ment. They provide much help behind the scenes during th¢ Festival in a wide range of jobs.
Page 2

Southwell hlusic Festival Limited
Trustees, Report
The Feslii'al is madc bi ws5ible M g¢her0￿ supporters. Our 147 Festi)'al Fnends proTrided oi'er £44.000 in direct
suppurl. u5 iiell bth'ing ol d)e iickets sold. B￿e[actOrs and small tr￿￿ts and f￿￿dationS pro￿aded ￿￿ther
Behiiid ihe scenes the Fesiii.d is updatin&i ils si'sienLq. polici￿ and procedures w)d has rec￿11). eslablished a
Fundrwsinb Sub-Coinituttc¢ (o focus on InCre￿ing tliis e5senftal 5UPPOrt. Other ii'orL iniolles seek'ing panneisliip5
iith other arts and educauonai organisalioiis fo LiJcrMs¢ ow i.each to ncii. auitiences. We dlso have planb lo thke ow
IIIUSIL Out io Ans c0￿CLI England desigt]ated areas ol"culiurni depri￿ation suth as Mdnsfield AshfEeld.
Fin￿¢1￿1 review
TIIL suninian" i(¥uli cun be Se￿ in the s￿lemen1 of FIn￿cial Aclll'iues on page 6 Income in 10t￿ il'as Ll 93.02
itlllsi eNpendiiure lias £192.?Ci2 The Ivjsiees are. dierefore. delighted io rep)n J small oi'eT311 Operal￿g surplus foi
the Tr'ear o( £763- a parlicv]arli' plc&sirig 1¢5uiL &ii'¢ll the fundini) challenges faced b). the arts sector as a Th'hole. The
del￿1 behind the overall resul¢ can be se¥n in th¢ notes io the acco￿15 Stariinbi w'ith not¥.3 on P74 Lye I l.
As mennoned It) the Athiei'em¢nts and Perforniance 5ec¢ion abol'< the ongoing anistsc and f￿an¢T
'iabilii!' of the FeslIi'al depends bvreadi upon its ¢ollalKJrauon ii'ith the local comniunit). both in temjs ol direit
nioneiap suppoit bui aibo upr>n die siunifiLani Vali￿ ol. the iiork done bi, our Nolunieers foi ii"hicl) th¢ board
eKpresses its gi'atiiudc.
Th¢ In￿(￿S are satisfied th￿ the Fesui'ai remains in a robusi financial position. A dewled fii'e4'ear busin￿S plan.
lo ensurL its onsJoin¥ 5LLsiainabJlity. Is n&irin&) ¢ompleti(NJ and ￿"117 support athiei"inL th¢ gO￿S of the Fundrajsing
sU￿cOM￿littee.
Poliri, resen¥
It 15 tile poljth. of ihe Lliarii! to Lnyintsin: Ls a j￿￿[[nu￿￿ lunds sufticieni to coi er the operaiionai 2nd cc￿traCtUal
COSts of the Organisats￿l foi one }'&v Our unre51ncLed ¢ash rtseries al 31 December 2n24 M'ere £i9.743.
Sirutture. %oi"trnante and man*getnent
Trusiees are appoinied bl" the General Mething tsf die Compmi. in aw)rdance Mith the lern￿ of the Article5 Ot.
AsEociauon. The goven)ance and b￿41nesS atrairs ofthe chariLN ate controlled b%. the Trusteu.
mks nJandxepneAI oJihuse rtfks
The Trusiee5 hai"e a55e55ed the Inaior risks io iil)ich the charity. is v4posed and are stsiisfied thai SVSEems are in place
io nutigaic dicbc risks.
Ttie annual repon ii"a5 approTr¥¢d in the tr￿le¢S ofthe Charl￿ OT) 31 March 2025 and signed on its behatf h.:
qs Amwida Farr
Chdir
Page 3

SouthweRI Illusic Festival Limited
Statement of Trusttts, Responsibilities
The (nLsiees {vtto are atso the directots of South￿.￿1 m￿siC Festsi'al Limited for the purpos&q ol compan!. la￿) arc
'¥.siILins11)le f()r i?repuriniy
die Èiwst¢ts' r¢purt and the [in￿LIa1 sialeEnents in arcord￿ce iiith applicable lai* arkd
Uiiiied Kingidom Accountsn. Stsnd&rds Iuiiited Kingdom Cjenerall! Accepted Accounung Pracuce). Inclu¢￿￿￿ FRS
1112"The Fii?ancial ReportÈnbJ Sinndard applicable in the Uk and Republic ol. Ireland..
Compan!. liw. requ5res the tr￿51¢¢5 lo piepaTe finwic5al sth(ements fow eath Iinancial !'¢or. Under compani laii. the
Irusiees in￿1 not approi ¢ th¢ financial stsieniL*ts unless thf). are sutisfi¢d thai a Irue and fair i'te%%' ol Ihe
51ale of ￿Tal￿ of the ch11 ri1i1ble compaiTr" and of the Incorning resources Jnd applicatTOn of r¢sout¢es. including i
Income and ￿PendilUre. ol the thatitsble compam for that period In preparing th¢s¢ financiat S&￿e￿￿ts. the
Irusiees ate rcqutT¢d io".
seleLt Sul￿blE dCLDLmÈing policies and applN' them Wnsis￿￿%.
obseTke the methods lind princLpl¢s lit the Chtiriues SORP.
niak"e judgeinents and esuinaies thai are reasonable and pNdenL
S121e iiknether 1pplicable acCo￿ung sialldard5. comprising FRS 102 hai'e foll￿Ved. subj¢¢i to am, maLen
depanures disclosed and &xplaiDed in the linancial sweiiients. and
prepare the fJnwicia] 5¢al¢ma)ts on the going concern basis unless it is Ill￿propri￿e io presume thai the
haTL(thle campan!. llryll conunue in busin0%5.
The iru51ees are iespoJisibl¢ for keeping proper accounting records tha( can disd￿¢ Te&50nable accurath." ai an!.
lime Ihe tjiii￿Cl*d pvsilion ol. the diaritable coinpani. and ty)able Ih¢m to ensure iho( the financiai stutements CQLnpI!
ith th¢ Compwijes .4LI 21111C>. Thfy" I1re also iespoiisiblc foi sal¢LTuardinb the &ssels of the charitable compam and
hthice fol iakiiig reasonable 51¢P5 for the prei'enlion and deieciioti of fraud and other irrvTulariiies.
The tIUSltts w¢ respoiisible for Lhe mtiinLLmance wid inlegirits ol th¢ ¢orpoTaie &id financiaj inf0m￿li0ll included on
the Lliarilable comp￿tr s web511e L¢81slauon goi crning the preparaiiun and dis5emin&lion of f￿an(la1 staiements
rna!, dillei liom l¢wslail￿] in other Junsdicti(Mt5.
Api)ioi ed bi. thL irusi¢¢s of the ChariLv on 31 March 2112£ and Sign￿ on its beh￿rbI..
s .￿1￿kda Farr
Chwr
Page 4

Southwell Music Festival Limited
Independent Examiner's Report to the trustees of Southwell Music Festival Limited ('the
Company,)
I report to the Charity trustees on my examination of the accounts of the Company for the year ended 31 D¢cember
2024.
Responsibilities and basis of report
As the Charity's tntstees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the
2006 Ath,).
Having satisfied myself that the accounts of the Company are not required to b¢ audited under Part 16 of the 2006
Act and are eligible for independent examin3tion. I report in respect of my ¢xamination of your Charity'5 accounts
as ¢arried out under section 145 of the Charities Act 2011 ('the 20 I l Act,). In catrying out my examination I have
followed the Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act.
Independent examin¢r'$ statement
I have completed my examination. I confirn] that no rnatters have Come to my attention in ¢onne¢tion with the
examination giving me cause to believe:
l. accounling records were nol kept in respect of Southwell Music Festival Limiled as required by 5eGtion 386 of
the 2006 Act. or
2. the accounts do not accord with those records. or
3. the accounts do nol comply with the accounting requirements of section 396 of the 2006 Act oiher than any
requirement that the accounts give a 'lrne and fair view, which is not a matter Gonsid¢red ￿ part of an
independenl examination. or
4. the account5 have not been prepared in accordance with the methods and principle5 of the Statement of
Recommended Practice for accounting and reporting by charitie5 [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)].
I have no concerns and have come across no other matters in Col￿ectIon with th¢ examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Neil Coupland
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ
31 March 2025
Page 5

Southwell Music Festival Limited
Statement of Financial Activities for the Year Ended 31 December 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
TotAI
2024
Tot81
2023
Unrestrieted
Restricted
ote
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
38,579
17,168
132,278
5.000
43,579
17.168
132,278
43,085
20.403
123.917
Total tncome
188.025
5,000
193,025
187.405
Expenditure on:
Ralsing funds
Charitsble activities
(11,286)
(173,976)
(6,000)
(1.000)
(17.286)
(174,976)
(11,428)
(152.131)
Totsi Expenditure
(185.262)
(7.000)
192,262)
(163.559
Net incomel(expenditure)
2.763
2,000
763
23,846
Net rnovement in funds
2,763
(2.000)
763
23,846
ReconciliatlOD of funds
Total funds brought forward
56,980
2,000
58.980
35.134
Total funds ¢arri¢d forward
18
59,743
59,743
58,980
All of the Charity's activities derive from continuing operations during the above two periods.
The notes on pages 8 to 18 forni an integral part of these financial ststements.
Page 6

Southwell illusic Festival Limited
iliegistration number: 08361306)
Balance Sheet as At 31 December 2024
2024
21123
Note
Fixed assets
'I'dniiibl¢ assets
14
C>67
C'urrent *SStts
l)ebior5
ash at bank and Jn h￿￿
li
7,753
8.13CJ I
1.351
CbU.UI ?
6(1.614
61.3(13
c.￿dIt￿r5: Amounts f*lllng due w'ithin one year
16
17.5311)
12.3831
Yrt fiirrent assets
511.l)80
Nei &ssels
i9 743
iX.Y811
Fund5 of lht Chaiity:
Restricied iiicome fund5
Restricted funds
ITnreitiic¢ed income funds
Ilnre5tllClEd lunds
59.743
Tfjt￿ funds
i9.743
i8,980
Troi. thtt finaJ)cial l'ear ending 31 Dec¢iJ]ber 21124 the ChariL)' wgs to exLynption from audii Urtder seciion 477
of Ihe C.onipani&% Acl 2(iufTr relaLiSib lu small compani&s.
Dire¢iors' responsibilitses..
The iiiembers hai'e iioi Tequired the Chant) io obtsin audii Of its acco￿￿$ for the N'ear in question in
accordance iiith 5ecuDn 476". and
The direciors acknoii'ledbie th*r responsibiliijes tor complyiiig with the requÉrements of the Aci with fe5pecl io
accounTjrtb) re¢oi'ds dnd die preparation ol accounts.
Tli¢ finWiLl￿ 51al¢menls L)n pagL* C? io I K w'ere appro% eil by die tritsi¢¢s. and authorisd for issue on 31 Mwcli ?1125
Id signed on thwr behalt h.:
Ms .4inanda Farr
rhwr
The notes on page5 8 to i¥ fL)tm an iTrtebral part of these financi￿ sLiiemeDts.
Page 7

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
I Charity stAtus
The Charity is limited by guarantee, incotpordted in England and Wale5. and consequently does not have share
capital. Each of the tNstees is liable to contribute an amount not exceeding £1 towards the assets of the Charity in
the event of liquidation.
The address of its registered office is:
47 Easthorpe
Southwell
Nottingham
NG25 OHY
These financial statements were authorised for issue by the tru5tee5 on 31 Mar¢h 2025.
2 A¢¢ounting policies
Summary of significant 8¢¢ounting policies gnd key Accounting estimates
The principal accounting policies appli¢d in ihe preparation of these financial statements are Set out below. These
policies have been consistently applied io all the years presented. unless otherwise stated.
Ststement of compliance
The financial statements have been prepared in accordan¢e with Ac¢ounting and Reporting by Charities.. Statemenl
of Recommended Practice (applicable to charities preparing iheir a¢count5 in accordance with the Finan¢ial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities
SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and
th¢ Companies Act 2006.
Basis of prep*r8tion
Southwell Music Festival Limited meets the definition of a public benefit entity under FRS 102. A5s¢ts and
liabilities are initially recognised at historical cost or transaction value un1¢55 otherwise stated in the relevant
accounting policy notes.
Going concern
The trustees consider that there are no material unoertainties about the Charity's ability to conlinue a5 a going
concern nor any significant areas of uncertainty that affect the canying value of assets held by the Charity.
Exemption from preparing a cash flow statement
The Charity opted to ¢arly adopt Bulletin I published on 2 February 2016 and have therefore not included a cash
flow statement in these financial statements.
Income and endowments
All income is recognised once the Charity has entitlement to the income, it is probable that th¢ income will be
received and the amounl of the income receivable can be measured reliably.
Page 8

Southwell Music FestAval Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
Donations and legaci
Donations are recognised when the Charity has been notified in WTiting of both the amount and settlement date. In
the event that a donation is subject to conditions that require a level of performance by the Charity before the
Charity is entitled to the funds. the income is deferred and not r¢cognised until either those conditions are fully met.
or the fulfilment of those Conditions is wholly within the control of the Charity and it is probable that the5¢
conditions will be fulfilled in th¢ reporting period.
Deferred income
Deferred income repre5ent5 amounts received for firtUT¢ periods and is released to incoming resources in the period
for which, it has beeTh received. Such income is only deferred when:
The donor specifies that the grant or donation must only be used in future accounting periods; or
The donor has imposed conditions which must be met before the Charity has un¢onditional entitlement.
Expellditur¢
All expenditure is recognised once there is a legal or constructive obligalion to that expenditure, il i5 probable
settlemenl is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure
heading that aggregate Similar costs to that category. Where costs cannoi be dir¢thly attributed to particular headings
they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the
basis of time spent. and depreciation charge5 allocated on the portion of the asset's use. Other support costs are
allocated based on the spread of staff costs.
Raisingfunds
These are costs iD¢urred in attracting voluntary income. the management of investments and those incU￿¢d in
trading athivities that raise fvnds.
Charilable acftvitie
Charitsble expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for
its beneficiaries. It includes both cost5 thal can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Gov¢rDance costs
These include the cost5 attrlbutable to the Charity'5 compliance with constitutional and stabjtory requirement5.
including audit, strategi¢ management and I￿Stee5 meetings and reimbursed expen5¢S.
Taxation
The Charity is considered to pa55 the test5 set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it
meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is
potentially exempt from taxation in respect of income or capilal gains received within categorie5 covered by Chapter
3 Part I l of the Corporation Tax Ad 2010 or Section 256 of the Taxation of Chargeable Gains Act l992. to the
extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets Costing £50.00 or more are initially recorded at cost.
Page 9

Southwell Music Festival Limited
Iyotes to the Financial Statements for the Year Ended 31 December 2024
DepreciAtioD and amortisation
Depreciation 15 provided on tangible f￿ed assets so as to write off the cost or valuation, less any estlmated residual
value, over their expected useful economic life as follows..
Asset clgss
Plant and machinery
otTice equipment
Depreciation method 2nd rAte
200/0 straight line basis
200/0 straight line basis
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. after due regard for
obsolete and slow moving stocks. Cost is detennined using the first-in, first-out (FIFO).
Trade debtors
Trade debtor5 are amouTht5 due in the ordinary course of bu5inc5S.
Trade debtors are re¢ognised initially at the transaction price. A provision for the impaimient of trade debtors is
established when there 15 0bj¢¢tive evidence that the charity will not be able to collect all amounts due according to
the original ternis of the receivables.
Cllsh and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investments
that are readily convertible to a known amount of cash and ar¢ subject to an insignificant risk of change in value.
TrAde creditors
Trade creditors are obligations to pay for goods or 5ervi¢es that have been acquired in the ordinary course of
business from suppliers. Account5 payable are classified as current liabilities if the charity doe5 not have an
unconditional right, at th¢ end of the reporting period, to defer settlement of the creditor for at least twelve months
after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented a5 non-current liabilities.
Trade creditors are recognised initially at th¢ transaction price.
Fund structure
Unrestricted income fimds ar¢ general funds that are available for use at the trustees discretion in furtherance of the
objectives of the Charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is
re5tri¢ted to that area or pulpose.
Page 10

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
3 Income from donations and leg*cie$
Unrestriettd
funds
General
Restrict¢d
funds
Total
2024
Total
2023
Donations and legacies.
Donations from individuals
Gift aid reclaimed
22,713
15,866
5.000
27,713
15,866
32,232
10.853
38,579
5.000
43.579
43,085
4 IDcome from eharitsble activities
Unrestricted
funds
General
Tot*1
2024
Orchestra tax relief
17.168
17,168
Uurestricled
funds
Gener41
Total
2023
Orchestra tax relief
20,403
20.403
5 Incon)e from other trading activities
Unrestricted
funds
General
Tot¥1
2024
Events income.
Ticket and programme sales
Fundraising events
Sponsorship income
Friends of SMF
66,191
10.837
15,000
40.250
66.191
10,837
15,000
40,250
132,278
132.278
Pagell

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
UDrestricted
funds
General
Restricted
funds
Total
2023
Events income;
Ticket and programme sales
Fundraising events
Sponsorship income
Friends of SMF
65,213
11.989
65,213
11.989
5,200
41,515
5,200
41,515
118.717
5,200
123.917
6 Eipenditure on rgising funds
a) Costs of trAding activRties
Unrestricted
Total
2024
Total
2023
General
Restricted
Fundraising trading costs"
Fundraising
Costs of goods sold
11.286
6,000
17.286
10,238
1,190
11,286
6,000
17,286
11,428
7 Expenditure on charitsble activities
Unrestrieted
funds
General
Restricted
funds
Total
2024
Musi¢ hire and purchas¢ and PRS
Mustcians
Hospitality and catering
Box office charges
Venue expenditure
Festival Makers & Box Office Manager
Insurance
Printing, postage and stationery
Piano hire and tuning
Mi5c¢llaneou5 expense5
2.880
70,753
13.457
4.638
14.055
3,328
3.007
1.535
3,676
1.747
2,880
71,753
13.457
4.638
14,055
3.328
3.007
1,535
3.676
1.747
1.000
Page 12

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
Unrestricted
funds
General
Restrieted
funds
Total
2024
Accommodation
Marketing and PR
Programme exp¢nditUTe
Video, audio and photography
Telephony & broadband
Travel & subsistence
Small ¢quipmeni & softwar¢
Festival management
600
9,885
3,491
1.879
622
1,743
2,798
27.372
600
9.885
3.491
1,879
622
1.743
2,798
27,372
167,466
1,000
168.466
Unrestricted funds
General
Other
Total
2023
Music hire and purchase and PRS
Musician5
Hospitality and catering
Box office charges
Venue expenditure
Festival Makers & Box Office Manager
Insurance
Printing, postage and stationery
Piano hire and tuning
Miscellaneous expenses
Accommodation
Marketing and PR
Programme expenditure
Subscriptions
Depreciation of tangible fixed assets
Telephony & broadband
Travel & subsislenGe
Small equipment & software
Festival managernent
4.355
51.903
7,435
4,791
11,695
2.941
1,858
1,052
4.924
1,973
1.674
7,983
3,740
430
237
720
2,193
2,719
24,910
4.355
55,403
12.635
4.791
11.695
2.941
1.858
1,052
4.924
1.973
1,674
7.983
3,740
430
237
720
2,193
2.719
24.910
3.500
5,200
137,533
8.700
146.233
Page 13

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
In addition to the expenditure analysed above, there are &lso governance costs of £6.510 (2023 £5,898) which
relate directly to charitable activities. See note 8 for further details.
8 Analysis of governanee and support costs
GoverDADce costs
Unrestricted
Total
2024
Totgl
2023
GentrAI
Independent examiner fees
Examination of ihe financial statements
Other fee5 paid to examlners
Trustees remuneration and expenses
Bookkeeping
780
1.062
268
4,400
780
1,062
268
4,400
714
1,026
58
4.100
6,510
6.510
5,898
9 Net incomingloutgoing resources
Net in¢oming resources for the year include-
2024
2023
Depreciation of fixed assets
(237)
10 Trnstees remuneration and eipenses
During the year the Charity made the following transartions with trustees:
Mr Flynn Le Brocq
Travel expenditure of £268 (2023: £58) was reÉmbursed to the trustee.
No trnstees. nor any per50n5 ¢onnected with them, have received any remuneration from the Charity during the year.
No trustees have ￿¢¢iVed any other benefits from the charity during the year.
Page 14

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
I I Staff costs
The aggregate payroll costs were as follows..
Staff costs during the ye4r were:
Wages and salaries
Social security costs
P¢n5ion costs
2024 £
2023 £
40,537
2.475
755
35.960
2.174
633
43,767
38,767
The monthly average number of persons (including 5¢nioT manag¢ment I leadership team) employed by th¢ Charity
during the year expressed a5 full time equivalents was as follows:
2024
2023
Management
Administration
No employe¢ r¢¢¢ived emoluments of more than £60,000 during th¢ y¢ar.
12 Independent examiner's remuneration
2024
2023
Examination of the financial statements
780
714
Otber fees to exatniners
All other tax advisory services
All other services
660
402
624
402
1.062
1.026
13 TAxAtion
The Charity is a registered charity and is ther¢foT¢ ¢X¢mPt from taxation.
Page 15

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
14 Tangible rued 45sets
Furniture And
equipment
Total
Cost
At l January 2024
Additions
11,013
667
11.013
667
At 31 December 2024
11,680
11,680
Depreciwtion
At l January 2024
11.013
11,013
At 31 December 2024
11.013
11,013
Net book v4lue
At 31 December 2024
667
667
At 31 December 2023
IS Debtors
2024
2023
Prepayments
Other debtors
3,559
4,194
1.351
7,753
1.351
16 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other creditors
Accruals
Deferred income
621
87
780
6,050
119
714
1.550
7,538
2.383
Page 16

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
17 Pension and other schemes
Defined CODtribution pension Scheme
The Charlty operates a defined contribution pension scheme. The pension c05t charge for the year represent5
contributions payable by the Charity to the scheme and amounted to £Nil (2023 - £Nil).
18 Funds
BalaDce at 31
Dec¢mber
Balance at I
JAnuary 2024
Incomiug
resources
Ruources
expended
2024
Unrestricted funds
General
56,980
188,025
(185,262)
59,743
RestTlCted fund$
2.000
5,000
7,000
Tot*1 funds
58.980
193,025
192,262
59.743
Balance at 31
December
2023
Balance at I
January 2023
Incoming
resources
Resources
expended
Unrestricted funds
General
35.134
176.705
(154,859)
56,980
Restricted funds
10,700
8,700
2,000
Total funds
35.134
187.405
(163.559
58,980
19 Analysi5 of Det assets behveen funds
Unrestrieted
funds
General
Total fu￿dS At
31 December
2024
Tangible fixed mssets
Currenl assets
Current liabilities
667
66,614
7,538
667
66,614
7,538
Total net assets
59,743
59,743
Page 17

Southwell Music Festival Limited
Notes to the Financial Statements for the Year Ended 31 Deeember 2024
20 Related pArty trAnsAetions
During the year the Charity made the following related party transactions:
Mr James C4mpbell
(Trustee of the charity)
During the year. £2.000 (2023.. £3.000) was paid to Mr James Campbell for musician services and £2,000 for
planning and fixing fees.. At the balance sheet date the amount due tolfrom Mr James Campbell was £Nil (2023 -
£Nil}.
Mr Thomas Du Plessis
(Trustee of the charity)
During the year, a £600 (2023: £Nil) donation wa5 received from the Trustee.
During the year, £7,500 (2023: £10,000) donation was recetved from the The Du PlesS15 Family Foundation. At the
balance sheet date the amount due tolfrom Mr Thomas Du Plessis was £Nil (2023 - £Nil).
Mr William Balkwill
(Tru5te¢ of the Charity)
During the year. £Nil (2023: £1.140) was paid to Mr William Balkwill for musician services. At the balance sheet
date the amount due tolfrom Mr William Balkwill was £Nil (2023 - £Nil).
Mr FI￿ll Le Brocq
(Trustee of the charity)
During the year, £268 {2023.' £58) was received to cover travelling expenses. At the balance sheet date the amount
due to/from Mr Flynn Le Brocq was £Nil (2023 - £Nil).
Ms Carris Jones
(Trustee of the charity)
During the year, £825 (2023: £1.190) was paid to Ms Carris Jones for musician services. At the balance sheet date
the amount due tolfrom Ms Carris Jones was £Nil (2023 - £Nil).
Mr Peter Stephen Garrood
(Trustee of the charity)
During the year, £241 (2023.. £Nil) paid to Mr Peter Stephen Garrood as reimbursement of advertising and
marketing ¢xpen5es. At the balance 5he¢t date the amount due tolfrom Mr Peter Stephen Garrood was £Nil (2023 -
£Nil).
Page 18