Company registration number.. 08361306 Charity registration numb¢r.' 1153135 Southwell Music Festival Limited (A con]pany limited by guardDtee) Annual Report and Financial Statements for the Year Ended 31 December 2025 Nicholas Bonncllo FCA RWB CA Limited Northgate House North Gate New Basford Nottinsham NG7 7BQ Do¢urronl R•t. 5KYG2.BRllx.YFfjGYU Pag8 1 of20
Southwell Music Festival LimAted Contents Reference and Administrative Details Tntee$, Report 2to3 Statement of Trustees, Responsibiliti¢s Independent Examinerf5 Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t0 18 P898 20120
Southwell Music Festival Limited Reference and Administrative Details Chatr Ms Amanda Fa Trustees Mr Flyi]n Jolm Brdyn Le Brocq Ms Carris Jones Ms Sardh Elizabeth Hall Ms Kristin Eleanor McIntosh Mr Peter Stephen Garrood Ms Elizabeth H¢len Johnson (appoinfrd l Julle 2025) Ms Sajidah Kausar Ahmad (appointed l June 2025) Ms Nicola Pennill (appoiDt¢d l June 2025) Ms Elizabeth Mary Nan¢y Grabam (appointed l June 2025) Mr Patrick Ma&sey (resigned 27 October 2025) Mr William Baikwill (resigned 31 March 2025) Mr James Campbell {rIgned 31 March 2025) Dr Magaret Chadwick (resigned 31 March 2025) Mr Flynn John Bra Le Brocq Secretary Charity Regigtratlon Y4umber 1153135 Company Reglstratlon Number 08361306 The Charity is incorporated in England and Wale8. 47 Easthorpc Southwell Nottingham NG25 OHY Registered omce Independent Ey*miner Nicholas Bonnello FCA RWB CA LirDited Northgate House North Gate New Basford Nortingham NG7 7BQ Page I I4P30120
Southwell Music Festival Limited Trustees, Report The trustee8. who are directors for the PUTposes of company law. present the annual rwort together with the f1nat1ci stslem¢nts of the clrItable company for th¢ year ended 31 Decembcr 2025. Objectfves and Activltles Objects and dims Southwell Music Festival Lin)At¢d is also a regist¢r¢d clwity. It was estsblish¢d to provide for the advancement of the Arts and in particular the Arts of Music. Speech and Drama by th¢ presentation of an annual classical music festival predominantly but not exclusively in Southwell. Nottinghamshire. Public benef The tnLStees confirni that they hav¢ complied with th¢ requirements of section 17 of the Charities Act 2011 to bave due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performantt The at]nual Southwell Music Festival took plac¢ from 22-25 August 2025 in south11 Minster and other venues across the historic market town. attracting strong audiences and receiving critical acclaim. Total ticket $eS reached 4,6H, with approximately 8¢P/o of available seats 801d across the Festival weekend. Under the artistic direction of Marcus Farnswortty the Festival presenied a wide-ranging programme of concerts. talks and 'fringe' events. Festival activity took place across a range of venues includin8 various lo¢atiorJs within the Minster, as well as Southwell Library and the Methodist Churcty enabling both large-scale concerts and more intimate ¢v¢nts. The Festival's r¢sident ensemble included 28 players in the Festival Baroque Sinfonia and 21 singers in Festival Voices Ntho. alongside a range of guest aTtists and soloists. presented programmes en¢ompassing choral, orchestral and chamber music as well as jazz and folk - all maintaining tbe F¢stival's distinctive breadth of programming. Highlights included performances of Bach's B Minor Mass, Duke Ellington's rarely perfornied Sacred Concerts, and an appearance by folk superstsrs. Kathryn Tickell and the Darkening. Education and participation remained central to the Festival's work. The String and Vocal Apprentice schemes provided opportimilies for emerging professional musicians to work &longside estsblished artists, while fringe concerts featured local performers and youth groups. Newly developed outreach activity included free recitals in Arts Council England Priority Places and pcrfom)an¢¢s in settings designed for audiellces with additional needs. including a recital at Portland Colle8¢. The Festival continues to b¢ underpinned by & strong volunteer contribution. In 2025. 26 local residents hosted 49 musicians, while a team of front-of-bouse and conunittee volUnteS supported the delivery of events and the overall nllming of the Festival. Page 2 Pao• 4 0120
Southwell Music Festival Llmited Trustees, Report Financial review The summary result can be seen in the Statement of Financial Activitle5 on page 5. Income in totsl was £212,329 whilst expendilmre was £203.408. The trustees are, therefore. delighted to report a modest overall operating surplus for the year of £8,921- a particularly plcasillg result given tbe fundiThg challcnges faced by the arts sector as a whole. The delail behind the overall result Can be seen in the notes to the accounts Staning wtth Dote 3 on page 10. As mentioned in th¢ A¢hievements and Perfonnance section above. the ongotng artistic success and financial viability of the Festival dcpcnds greaily upon its collaboration with the local community. both in tern of d1ct monetary support but also upon the significant value of the work done by our volunteer5 for which the board expresses its gratitude. The trStee5 are satisfied that the Festival remains in a robust financial position. A detsiled five-year business plan, to ¢nsur¢ its ongoing suslainability, has b¢¢n completed and will 5UPPOrt achieving the go&Ls of the Fundraising Sub-committce. Policy on reserve The TSteeS policy is to have at least an average three months, rurjning costs in Unrestricted reserves approximately £52k. The cyclicality of the operating model with the PTinwy period of a¢t&vity being in the summer and particularly August. means that there is a wide variation in monthly n108 ¢osts 8cr05s the year. The Ttustees believe that the use of cancellation insurance helps to mitigate. to an extcnt, the requirem1 Io hold rescrvcs to meet the costs of the peak months of activity in reserves. Unrestricted ¢ash reserves at 31 Deccmber 2025 were £59.755. Structure, governance 8nd management Recruitment and appointment tsftrustees Trustees are appointed by the General Meeting of the Company in accordance with th¢ terrLL4 of the Articles of Association. The governan¢¢ and bsinesS affairs of the charity are cotttrolled by the TnL%t¢es. Major risks andmanagement ofthose riTks Th¢ Trustees have assessed the major risks to which the charity is exposed and are satisfied that systerns are in placc to mitig74tc these risks. The annual report was approved by the tSte¢S of th¢ Charity on 14 April 2026 and signed on its behalf by.. fa Ms Amanda Farr Chair Page 3 D0me* Rèt. 6KYG2.BRzfx.YFNf4GGYU . P80•Sot20
Southwell Music Festival Limited Statement of Trustees, Responsibilities The trustees (who are al80 the directors of Southwell Music Festival Limited for the putyoses of company law) ar¢ responsible for preparing the tnl¢es, report and th¢ financial ststements in accordance V*ith applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pr&ctice}. illcluding FRS 102 "The FinaDGial Reporting Standard applicabl¢ in the UK and Republic of Irelattd" Company law requires the ttust¢es to prepare fmaocial statements for each finatLcial year. Under company law the trustees must not appTOV¢ the financial statements unless they are satisfied that they give a true and fair Niew of the state of affairs of the charitable ¢on]pany and of th¢ incomitLg resour¢¢s and application of resources, includlng its income and expenditwe. of the charitable company for that period. In preparing these financial statements. the trustees are Tequired to.. select suitsble accounting policies and apply them ¢onsistently> obserye the methods and principles in the Charities SORP. make judgements and estimates that ar¢ reasonable aud prudent; state whether &ppli¢able accountillg standards, comprising FRS 102 have be¢n followe& subje¢t to any material departures disclosed and explained in the financial ststements. and prepa the financial ststements on the going concern basis unle55 It is inappropriate lo presume that the clwitable wmpany will continue in business. The trustees ar¢ responsible for keepin8 proper accounting records that can disclose with reasonable accuracy at any time the financial positioll of the Cbaritable company and enable them to ensure that the finan¢iaL statements comply with the Companies Act 2006. They are also r¢sponsible for safeguarding the assets of the clwitable company and hence for taking reonable steps for the prevention and detection of fraud and other irregularities. The tnLStees are responsible for the maintenance and integrity of the corporate and financial infonn2tioD included on the charitable companls website. Legislation governing the pr¢pardtion and dissemination of fllwncial statrments may differ from legislation in oth¢r jurisdiction5. Approved by the tnLStees of the Charity on 14 April 2026 and signed on its behalf by". fapr Ms AmatLda Farr Pa8¢ 4 P8g86d20
Southwell Music Festival Limited Independent Examiner's Report to the trustees of Southwell Music Festival Limlted ('the Company,) I r¢port to the Charity trustees on my ¢xan]ination of the accounts of the Company for the year ended 31 December 2025. Responslblllties and basis of report As the Charity's trustccs of the Company (and also its directors for the purposes of company law) you are responsiblc for thc prcparAtion of the accounts in accordan¢¢ with the rcquircmcnts of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the aecounts of the Company ar¢ not required to be audited under Part 16 of the 2006 Act and ar¢ eligiblc for indendent examinatio I rcport in respe¢t of my examination of your Clwity, accounts as carried out under section 145 of thc Charities Act 2011 ('thc 2011 Act,). In ¢arrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's stAtement I havc completcd my ¢xamination. I ¢onfirm that no llwtters have conK to my attention in Connection with th¢ exarnination giving me cause to believe-. accounting records were not kept in respect of Southwell Music Festival Lin)ited as requir¢d by section 386 of the 2006 A¢t- or 2. th¢ accounts do nol accord with those records,. or 3. the accounts do not comply with the accountillg requirements of section 396 of the 2006 Act other thatk any rcquirement that the accounts give a 'true and fair vieMO which is not a matter coDsid¢r¢d as part of an independent examination. or 4. the accounts hav¢ not been prq)4r iti a¢¢ordance with the methods and principles of the Statement of R¢comnJended Practice for accounting and reporting by charities lapplicable 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 ¢oncerns and hav¢ Come across no other matters in ¢onnection with the examination to which attention should be draThn in this report in order to enable a proper understanding of the accounts to be reached. Nicholas Bonnello FCA RWB CA Limitcd Northg&t¢ House North Gate New Basford Nottingham NG7 7BQ 14 April 2026 Pag¢ 5 DogJmont Rgt. 5KYG24RThX.YFM4GGYU Pag870120
Southwell Music Festival Limited Statement of Financial Actlvities for the Year Ended 31 December 2025 Oncluding Income and Expenditure Account and Statement of Tot21 Recognised Gains and Losses) Total 202S Tot 2024 Unrestricted Restricted Note Income and Endowments from: Donatsons and legaeies Charitable activities Other trading activities 29,132 25,099 132,098 26,000 55,132 25,099 132,098 43,579 17,168 132.278 Total Income 186,329 26,000 212.329 193,025 Expenditure on: Raising funds Charitable activities (14,769) {162,639) (14,769) {188,639) (17,286) (174,976) (26,000) Total Expellditure (177.408 (26,000) 203,408) (192,262 Net income 8,921 8.921 763 Net movement in fijnds 8.921 8.921 763 Reconciliation of funds Total Sjnds brought forward 59,743 59,743 58,980 Total fimds caryied forwdrd E6 68,664 68,664 59,743 Ail of the Charity's activities derive from continuing operations during the above two periods. Th¢ notes on pages 8 to 18 forni an integral part of these financial statements. Page 6 00MentA8P. 6KYG2.BFizfx.YF7Yf4GGYU Po9•8 of 20
Southwell Ivlusic Festival Limited (Registration number: 08361306) Balance Sheet as at 31 December 2025 2025 2024 Note Fixed Assets Tangible assets 13 2.000 667 Current assets Debtors 14 33,329 59,755 93.084 7,753 58.861 Cash al bank and in Iwid 66,614 Creditors: Amounts falllng due within one ye*r 15 26.420 7,538 Net currellt Assets 66.664 59.076 Net assets 68.664 59.743 Fund5 of the Charlty: Unrestricted lllcome funds Unrcstrictcd fidS 68.664 59,743 Total funds 16 68,664 59,743 For the fmancial year ending 31 December 2025 the Charity was entitled to exemption frorn audit under section 477 of the Companies Act 2006 relating to small companics. Directors, responsibilities.. The members have not rcquircd thc Charity lo obtsin an audit of its accounts for thc ycar in question in accordance with section 476. and The directors acknowledge their responsibilities for ¢omplying with the requirements of the Act with T¢spect to accounting rccords and the PT¢paration ofa¢counts. The financial statements on pages 6 to 18 were approved by the tsustees. and authorised for issue on 14 April 2026 and siged on their behalf by: 4tu67A61a Farr Ms Amanda Farr Chair The notes on pages 8 to 18 forni an integral part of thes¢ fmancial ststements. Page 7 Dorumqnt Rof. SKYG2-8Rzfx.YFNf-SGGYU Ptya9of
Southwell Music Festival Limitsd Notes to the Financial StAtements for the Year Ended 31 December 2025 I Charity statu5 Tbe Cftwity is limited by guarantee, incotporated in England and Wales, and con$¢quently does noi hav¢ share capital. Each of the trteeS 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 is$u¢ by the tNstees on 14 April 2026. 2 Aecountlng po]Icies Summary of signifitant aecounting policles and key accounting tstfimates The principal accounting policies applied in the pr¢paration of these fll)an¢ial ststements are s¢t out below. These policies bave been consistently applied to all the years presented, unl¢s$ otherwise stated. Statement Df compiixn¢e The financi&l statements hflve been prepared in a¢cordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Clwities SORP (FRS 102)), the Financial Reporting Standard applicable ill the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of prepAratlon Southwcll Music Festival Limitcd meets the definition of a publi¢ b¢nefit entity under FRS 102. As5cts and liabilities are initially recognised at bists)rical cost or transaction value unless oth¢Nise stated in the r¢l¢vant accouuting policy notes. Going concern The tnL8tees consider that there are no nuterial uncertainties about the Charitys ability to Continue as a going concern nor any significant areas of uncertainty that affect the carrying volu¢ of assets beld by the Cbarity. Exemption from preparing a cash flow statemenl The Charity opted to early adopt Bulletin I publish¢d on 2 February 2016 and have therefore not included a cash flow statement in these financial slatements. Income and elldoivments Ail income is recognised once the Charity has entitlement to the income, it 15 probable that the in¢om¢ will be received and the amount of the income receivable can b¢ me&8ured reliably. Page 8 Pagw 10 of 20
Southwell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 Donations and legacies Donations are recognised when th¢ Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of p¢rforniance by the Charity before the Charity is cntitled to the fill)ds, the income is deferred and not recognised until eithcr those ¢onditiODS are fully met, or the fvlfilment of thos¢ ¢onditions is wholly within the control of the Charity and it is probabl¢ that these conditions will be fijlfilled in th¢ r¢portillg period. Gran15 receiv4ble Grants are recognised when the Charity has an entiilemenl to the fimds and any conditiODS linked to the grants have been met. Where perforniance condition5 aTe attached to the granl and are yet to be met, the income is r¢¢ogniscd as a liabklity alld iThcluded on the balan¢¢ shcct as deferred incorne to be released. Deferred income Deferred income repTC5ents an)ounts reccivcd for peri(Kls and is leaSed to incoming resources in the period for which, it has been r¢¢¢ived. Such income is only deferred whw.. - The donor specifies that the grattt or donation must only be used ill futurc a¢cowiting periods" or - The donor has imposed conditions which must bc met before the Charity unconditional entid¢m¢nt. Expenditure All expenditure is re¢ognised once there is a legal or constsvctiv¢ obligation to that expendithwe. it is probable settlement is required and the amount ¢an be measured reliably. All costs are allocated to the applicable expenditure hcading that agegate similar Costs to that ¢at¢gory. Where costs ¢annot be directly attributed to particular headings they havc been allocated on a basis consistent with the use of resources, with central stsff costs allocated on the basis of lime spent. and depreciation charges allocated on the portion of the asset's we. Other support ¢osts are allocated based on the spread of staff costs. RaisiAgfunds Thcsc are costs incutred in Attra¢tin8 voluntary incom¢. the management of investments and those incurred in trading activities that rai funds. Charitable qctivities Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activitics and services for its beneficiaries. It includes both costs that can be allocatcd directly to such activities and thosc ¢osts of a indirect naturc ncccssary to support thctrL. Governance costs These include the costs attributable to th¢ Charity's compliance with constitutional and statutory requirents. including audit. strat¢gic management alld tnteeS m¢etin8s and re1mbud exp¢Dses. Government grants Government grants are recognised bused on the arU&1 model and are measured at the fair value of the asset re¢eived or reccivable. Grants are classified as relating cithcr to revenue or to assets. Grants rclating to revenu¢ are rccognised in income ovcr the period in which thc rclated costs are rccognised. Grants relating to assets are recogrnised over the expected usefid life of the asset. Where part of a grant relating to an asset is deferre& it is recognised as deferred income. Page 9 D0ment R¢t. 5KYG2-0R.YFrYT-SGGYu Pty•11d20
Southwell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 Taxation The Charity is ¢onsidered to pass the tests set out in Paragraph I S¢hedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble company for UK coryoration tax putposes. Accordingly, the Charity is potentilY exempt from taxition in respcct of income or capital gains receiv¢d within categories vered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains ue applied exclusively to clmritable pwposes. Tangible fiIed assets Individual fixed assets costing £50.00 or more are iJ)itially r¢corded at cost. Depreciation amortl$Ation Dcprccialion is provided on tangible fixcd assets so as to write off the cost or valuatio[4 less any estimated residual value, over their expected USefi economic life as follows: Asset class Plant and machinery Office equipment DepreciAtloll method and rate 200/0 straight line basis 200/r• straight line basis Trade debtors Trade debtors are amounts due in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairn]ent of trade d¢btors is ¢stsblished when th¢r¢ is objective evidence that the charity will nol be able to Collect all amounts due according to the original ternis of the receivables. Caih and cash equlvaleDtI Cash and cash equivalents comprise cash on hand and call deposits, and other short-tern] highly liquid investsnents thai are readily convertible to a amount of Qh and are subje¢t to an insiwficant risk of change in value. Trade ¢redltors Trade creditors are obligations to pay for 8oods or setvices that have been acquired in the Ordin course of business from suppli¢rs. Accounts payable are classified as cutTent liabilities if the charity does not have an unconditional right. at the end of the reporting period. to defer settlement of the creditor for at least twclve months after the reporting date. If there is an unconditional right to defer settlernent for at l¢ast twelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the obje¢tives of the Charity. Pa8e 10 P40 12 of20
Southwell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 3 Income from donations and legacles Unrestricted funds General Restrlcted funds Total 2025 Total 2024 Donations and l¢ga¢i¢s' Donattons from individuals Gift aid reclaimed Grants, including Capital grants. Arts Council England grants 19.009 10.123 1,000 20,009 10,123 27.713 15,866 25.000 25,000 29,132 26.000 55,132 43.579 4 Income from charitable Actlvltles Unrestricted fund5 General Total 2025 Orchestra tax relief 25,099 25,099 Unrestricted funds General Total 2024 Orchestra tax relief 17.168 17,168 S Income from other trading activities Uurestrlcted funds G¢llerxl Total 2025 Events income,. Ticket and programme sales Fundraising events Sponsorship income Friends of SMF 64,724 12,624 15,000 39.750 64.724 12,624 15,000 39,750 132,098 132,098 P&gell Dotyjnt Refr. SKYG2.BR2TX.YF7Yf-SGGYU 13of20
Southivell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 Unrestricted fund$ General Tot#1 2024 Events income. Ticket and programme sal¢s 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 6 Expenditure on rllslng fynds a) Cojls of trading activities Unrestricted TotAI 2025 Total 2024 General Fundraising trading costs. Fundraising 14.769 14,769 17.286 14,769 14.769 17,286 7 Expenditure on thxrltable a¢tivities Unrestricted funds General Restricted funds Total 2025 Music hire and purchase and PRS Musicians Hospitslity and catsring Box office char8¢S Venue exp¢nditur¢ Festival Makers & Box Offi¢¢ Manager Insurance Printing. postage and ststionery Piano hire and tunitig MiscellaD¢OUS expenses Accommodation 4,603 42,496 12,608 7.487 17.218 4,582 4,933 868 5,404 1.240 2.592 15,075 3.347 850 606 4.603 68,496 12,608 7,487 17,218 4.582 4,933 868 5,404 1,240 2,592 15,075 3,347 850 606 26,000 Marketing and PR Programme expenditure Video, audio and photogrdphy Telephony & broadband Page 12 Paga 14 of20
Southwell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 Unrestricted funds General Restricted funds Total 2025 Travcl & subsisl¢n¢¢ Small equipment & sotiware Festival matLagemcnt 2,939 3,432 25,651 2.939 3.432 25,651 155,931 26,000 181,931 Unrestricted funds Generxl Restricted funds Totsl 2024 Music hire atsd purchase and PRS Musicians Hospitality and Catering Box office chargcs V¢nu¢ expenditure Festival Makers & Box Office Manager Insurance Printing, poslage and stationery Piano hire and tuning Misccllancous expenses A¢comrnodation Marketing and PR Programme expenditure Video, audio and photography Telephony & broadband Trav¢l & subsistence Small ¢quipm¢nt & software Festival managem¢nt 2,880 70.753 13,457 4.638 14.055 3,328 3,007 1.535 3,676 1.747 600 9,885 3.491 1.879 622 1,743 2,798 27.372 2,880 71.753 13,457 4,638 14.055 3,328 3.007 1.535 3.676 1,747 600 9.885 3,491 1.879 622 1.743 2.798 27,372 1,000 167,466 1,000 168,466 In addition to ihe expenditure analysed above. there are also governance costs of £6.708 (2024 - £6,510) which r¢late directly to chariiable activities. See notc 8 for fiwth¢r details. Page 13 t>JrJJrr*nt Rel.. 5KYG2.BRUX.YF7Yf4GGYU Ptya 16of20
Southwell Music Festival Limited Notes to tbe Financial Statements for the Year Ended 31 December 2025 8 ADalysiJ of governance and support costs Governance costs Unrestricted Total 2025 Total 2024 Central Independ¢nt exan)in¢r fees Examination of the fanCial stslernents Other fees paid to examiners Trusiees remuneration and expenses Bookkeeping 900 1,188 900 l.l88 780 1.062 268 4.400 4,620 4.620 6,708 6,708 6,510 9 Trustee5 remuneration and eipense8 No tNstees, nor any persons Connected with have received any remunerp4tion from the Charity during the No trustees have received other benefits from the charity during the year. Page 14 Do>Jmnt ReP. 5KYG2-8R2TX.YFM4GGYU PaB& 18of20
Southwell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 10 Staff costs The aggregate payroll costs w¢re as follows.. Staff c05t5 during the year were: Wages and salaries Sociol security costs Pension costs 2025 £ 2024 £ 35,720 3.143 678 40,537 2.475 755 39,541 43,767 The monthly average number of persons (including senior management I leadership team) employed by the Charity during tbe year expressed as filll time equivalents was as follows.. 2025 Iyo 2024 No Management Administration No cmployce received cmolumcnts of morc than £60,000 durillg the year. I I Independent examiner's remuneration 2025 2024 Examination of the financial stst¢m¢Jts 900 780 Other fees to examiners All other tax advisory services All other services 720 468 660 402 1,188 1,062 12 Tlliydtion The Charity is a r¢gist¢r¢d ¢harity is therefore exempt from taxation. Page 15 Dowmont Ref.. 5KYG2-BRZTX.YF7Yt-SGGYU P8g• 17 of20
Southwell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 13 TAnglble rued a5setg Furnlture and equipment Total Cost At l January 2025 Additions 11.680 1,333 11,680 1,333 At 31 D¢c¢mber 2025 13,013 13,013 Depreclation At l January 2025 At 31 December 2025 11,013 11.013 11.013 11,013 Net book value At 31 December 2025 2.000 2,000 At 31 December 2024 667 667 14 Debtors 2025 2024 Prep&)rynents Other debtors 29,942 3,387 3.559 4,194 33,329 7,753 15 Credltors: amounts falling due within one year 2025 2024 Tradc creditors Other creditors Acc18 Deferred income 621 87 780 6,050 25.520 900 26,420 7,538 Page 16 Dment Refr. SKYG2.8fizfx.YFM4GGYU Page 18 of 20
Southwell Music Festival Limited Notes to the Flnancial Ststements for the Year Ended 31 December 2025 16 Fund8 Balxllce at 31 December 2025 Balance at I January 2025 InCOnng resources Resources expended Unrestricted funds General 59.743 186,329 (177,408) 68.664 Restrlcted funds 26.000 (26,000 Total funds 59,743 212,329 203,408) 68,664 Balance #t 31 December Balance at I January 2024 Ineomlng resources Resources expended 2024 Unre$tri¢ted funds General 56,980 188.025 (185,262) 59.743 Restricted fund$ 2,000 5.000 (7,000 Total funds 58,980 193,025 192,262 59,743 The specific purposes for which the fimds are to be applied are as follows: Arts Council Grani In 2025 the chun'ty was awarded a restricted grant of £25.000 from Arts Council England through the National Lottcry Project Grants programm¢ to SUPPOrt the delivery of Southwell Music Festival 2025. Th¢ grant was Testricted to expendittwe directly attributable to the planning, d¢livery and evaluation of the 2025 festival activitics, including anisiic fees, production costs, community engagement activity, access provision, marketiDg, project management, evaluation and legacy planning. The fimding ran from June 2025 to December 2025, with the core festival activity taking place in Au8USt 2025. Vaughan Willia* FouDdation Grant In 2025 Southwell Music F¢stival rcccivcd a rcstrictcd grant of £l.000 from the Vaughan Williams Foundation towards the perforn)an¢e of work by Vaughan Williams and his pupil Elizabeth Machony during the Musical Apprentice showcase ¢oncerts. Expenditure includes contributions towards artist fees and bursaries, Tebcarsal and perfornwi¢¢ ¢osts, travel, catering, venue bir¢, marketing and associal¢d project managcment and administration. The activity formed part of the 2025 festival which took place in August 2025. The funds were fully spent. Page 17 D0ment Ref.. sKYG2.BPrn.YFGGyv Pqg• 19 of 20
Southwell Music Festival Limited Notes to the Financial Statements for the Year Ended 31 December 2025 17 Analysis of Det assets between funds Unrestricted funds General Total funds at 31 December 2025 Tangible fixed &ssets Current assets Current liabilities 2,000 93,084 {26,420) 2,000 93.084 (26,420) Totsl net assets 68,664 68,664 18 Related party transactions During the year the ChaTity tnade the following relat¢d paty transactions: Mr James Campbell (Trtte¢ of the charity) During the year, £l.000 (2024.. £2.000) was paid to Mr James Campbell for plamiing and fixing fees. Ai the balance sheet date the amount due to/from Mr James Campbell was £Nil (2024 - £Nil). Mr William Balkwill {Tnte¢ of the charity) During thc year. £1.130 (2024.. £Nil) was paid to Mr William Balkwill for Artisi Fees. At the b&lance sheet dat the amount due /froM Mr William Balkwill was £Nil (2024 - £Nil). Mr Flynn John Brayn Le Brocq (Ttee of the charity) During the year, £34 (2024.. £238) was paid to Mr Flyi Le Brocqas as an expense reimbursement of statutory filing fees. At th¢ balance sheet date the amount due tolfrom Mr Flynn John Brayn Le Brocq was £Nil (2024 - £Nil). Mr Peter Stephen Garrood (Trustee of the cbarity) During the year. £326 (2024: £2411) was paid to Mr Pelcr Stephen Garrood as reimbursement of stationary and advertising expenses. At the balance Sheet date the amount due tolfrom Mr Peter Stephen Garrood was £Nil (2024 - £Nil}. Ms Carris Jones [Tnte¢ of the charity) During the year, £1.530 (2024.. £825) was paid to Ms Carris Jones for artist fees. At the balance sheet date the amount due tolfrom Ms Carris Jones was £Nil (2024- £Nil). Ms Elizabeth Helen Johnson {TAte¢ of the charity) During the year, £315 (2024: £Nil) was paid to Ms Elezabeth Helen Johnson as r¢imbursement of postsge and expenses relating to catering & hospitality during evcnts and meetings. At the balance sheet date the amount duc tolfrotn Ms Elizabeth Helen Johnson was £Nil (2024- £Nil). Page 18 20 0120