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.YF￿￿fjGYU
Pag8 1 of20

Southwell Music Festival LimAted
Contents
Reference and Administrative Details
Tn￿tee$, 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 {r￿Igned 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
I￿4P￿30120

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 cl￿rItable 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 south￿11 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 volUnte￿S supported the delivery of events and the
overall nllming of the Festival.
Page 2
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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 d1￿ct
monetary support but also upon the significant value of the work done by our volunteer5 for which the board
expresses its gratitude.
The tr￿Stee5 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 T￿SteeS 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 n￿￿108 ¢osts 8cr05s the year.
The Ttustees believe that the use of cancellation insurance helps to mitigate. to an extcnt, the requirem￿1 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 b￿sinesS 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 t￿Ste¢S of th¢ Charity on 14 April 2026 and signed on its behalf by..
fa
Ms Amanda Farr
Chair
Page 3
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. 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 tn￿l¢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 re￿onable 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 ind￿endent 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
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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 fi￿dS
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 sig￿ed 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$¢quently does noi hav¢ share
capital. Each of the tr￿teeS is liable to contribute an amount not exceeding £1 towards the assets of the Charity
in the event of liquidation.
The address of its registered office is:
47 Easthorpe
Southwell
Nottingham
NG25 OHY
These financial statements were authorised for is$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 ag￿egate 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 requir￿ents.
including audit. strat¢gic management alld tn￿teeS m¢etin8s and re1mbu￿d exp¢Dses.
Government grants
Government grants are recognised bused on the a￿rU&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
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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 potenti￿lY 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 Q￿h 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
Dotyj￿nt 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
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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
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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 f￿anCial 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.
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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.
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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
Acc￿￿18
Deferred income
621
87
780
6,050
25.520
900
26,420
7,538
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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
InCOn￿ng
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.
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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
(Trt￿te¢ 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
{Tn￿te¢ 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
(T￿￿tee 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
[Tn￿te¢ 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
{TA￿te¢ 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).
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