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||||||Pages|
|---|---|---|---|---|---|
|Trustees'<br>annual report (incorporating||the director's report)|||1to 14|
|Independent<br>auditor's|report to the members||||15to 19|
|Statement offlnancial|activities (including||income and expenditure|account)|20|
|Statement offinancial|position||||21|
|Statement ofcash flows||||||
|Notes to the fmancial|statements||||23to38|





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|Trustees' Annual RePort (fnco|Trustees' Annual RePort (fnco|rPorating<br>the Directo|rs' R|ePort) ouaea|aaS)||
|---|---|---|---|---|---|---|
|Year ended 31August 2023|||||||
|Reference and administrative||details|||||
|Registered charity name||Safi'ron Hall Trust|||||
|Charity registration|number|1153685|||||
|Company registration|number|08534643|||||
|Principal office and registered||Council Offices|||||
|office||London Road|||||
|||Saffron Walden|||||
|||Essex|||||
|||CB114ER|||||
|The trustees||Mr David Anthony Barrs|||||
|||Ms Caroline Derbyshire|||||
|||Mr Hugh Parnell|||||
|||Ms Pofiy Lankester|||||
|||Mr John Lodge|||||
|||Dr Pamela Davis|||||
|||Mr Dominic Wallis|||||
|||Mr Nick Finlayson-Brovru|||||
|||Mrs Jane Richardson|||||
|||Professor SirBarry Ife||CBE|(Resigned 31January|2024)|
|||Mr Mark Philip Hayes|||(Resigned 3 November|2023)|
|Auditor||Streets Audit LLP|||||
|||Chartered Accountants||Jk statutory|auditor||
|||3 Wellbrook Court|||||
|||Girton|||||
|||Cambridge|||||
|||CB3 ONA|||||
|Bankers||Lloyds Bank pic|||||
|||3King Street|||||
|||Sufi'ron Walden|||||
|||Essex|||||
|||CB101HF|||||
|Solicitors||Stone King|||||
|||Boundary House|||||
|||91Charterhouse|St||||
|||London|||||
|||EC1M6HR|||||





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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|g|g|||
|Income and endowments||||||||
|Donations<br>and legacies|||5|530,179|246,444|776,623|837,437|
|Charitable<br>activities|||6|986,546||986,546|815,523|
|Invesnnent<br>income|||7|152||152||
|Other income|||8||||831|
|Total income||||1,516,877|246,444|1,763,321|1,653,791|
|Expenditure||||||||
|Expenditure<br>on raising funds:||||||||
|Costs ofraising donations||and||||||
|legacies|||9|82,043||82,043|106,049|
|Expenditure<br>on charitable|activities||10,11|1,736,398|79,024|1,815,422|1,736,072|
|Total expenditure||||1,818,441|79,024|1,897,465|1,842,121|
|Net expenditure||||(301,564)|167,420|(134,144)|(188,330)|
|Transfers between funds|||25|176,270|(176,270)|||
|Net movemeat<br>in funds||||(125,294)|(8,850)|(134,144)|(188,330)|
|ReconciTiation offunds||||||||
|Total funds brought forward||||(211,790)|93,000|(118,790)|69,540|
|Total funds carried forward||||(337,084)|84,150|(252,934)|(118,790)|





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|31August 2|023|||||||
|---|---|---|---|---|---|---|---|
|||||2023||2022||
||||Note|K|g|||
|Fixed assets||||||||
|Tangible fixed assets|||17||84,547||92,285|
|Investments|||18||I||I|
||||||84,548||92,286|
|Current<br>assets||||||||
|Stocks|||20|4,673||5,963||
|Debtors|||21|96,793||62,404||
|Cash at bank|and in hand|||113,146||230,283||
|||||214,612||298,650||
|Creditors: amounts||falling due within||||||
|one year|||22|498,617||419,186||
|Net current|liabilities||||(284,005)||(120,536)|
|Total assets|less current liabilities||||(199,457)||(28,250)|
|Creditors: amounts||falling due after||||||
|more than one year|||23||53,477||90,540|
|Net liabilities|||||(252,934)||(118,790)|
|Funds ofthe charity<br>Restricted funds|||||84,150||93,000|
|Unrestricted|funds||||(337,084)||(211,790)|
|Total charity funds|||25||(252,934)||(118,790)|





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||||2023|2022|
|---|---|---|---|---|
|||||f|
|Cash flows from operating||activities|||
|Net expenditure|||(134,144)|(188,330)|
|Adjustments for:|||||
|Depreciation oftangible fixed assets|||15,132|14,841|
|Other interest receivable snd similar income<br>Interest payable and similar charges|||(152)<br>5,492|7,777|
|Changes in:|||||
|Stocks<br>Trade and other debtors<br>Trade and other creditors|||1,290<br>(34,389)<br>78,726|(2,853)<br>15,942<br>61,813|
|Cash generated<br>from operations|||(68,045)|(90,810)|
|Interest paid<br>Interest received|||(5,492)<br>152|(7,777)|
|Net cash used in operating|activities||(73,385)|(98,587)|
|Cash flows from investing||activities|||
|Purchase oftangible<br>assets|||(7,394)|(7,865)|
|Net cash used in investing|activities||(7,394)|(7,865)|
|Cash flows from flnancing||activities|||
|Repayments<br>ofborrowings|||(36,358)|(63,933)|
|Net cash used in financing|activities||(36,358)|(63,933)|
|Net decrease in cash and <br>Cash and cash equivalents|cash equivalents<br>at beginning ofyear||(117,137)<br>230,283|(170,385)<br>400,668|
|Cash and cash equivalents||at end ofyear|113,146|230,283|





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|||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|
|||||Funds|Funds|2023|
|Donations|||||||
|Donations||||302,523|209,144|511,667|
|Donations||in kind||22,000||22,000|
|Grants|||||||
|Grants||||62,500|37,300|99,800|
|Other donations|||and legacies||||
|Membership||income||143,156||143,156|
|||||530,179|246,444|776,623|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2022|
|Donaaons|||||||
|Douatious||||237,269|318,333|555,602|
|Donations|in kind|||19,650||19,650|
|Grants|||||||
|Grants||||127,000|30,382|157,382|
|Other donadons|||and legacies||||
|Membership||income||104,803||104,803|
|||||488,722|348,715|837,437|





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|6.|Charitable|activities|activities|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Umestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
|||||||8||||
||Own promotions||-ticket sales|||683,919|683,919|532,881|532,881|
||Own pmmotions||-other|income||24,236|24,236|19,180|19,180|
||Hafi hires|||||51,213|51,213|73,014|73,014|
||Recordings|||||16,742|16,742|7,730|7,730|
||Technical|||||29,996|29,996|29,524|29,524|
||Bars and catering services|||||146,888|146,888|118,591|118,591|
||Boxoffice|commission||snd other income||33,552|33,552|34,603|34,603|
|||||||986,546|986,546|815,523|815,523|
|7.|Investment|income||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
|||||||||f.||
||Bank interest receivable|||||152|152|||
|8.|Other income|||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
||||||||||6|
||CJRS|||||||831|831|
|9.|Costs ofraising||donations||and legacies|||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
|||||||6|f|||
||Costs ofraising||donations||and legacies|||||
||Donations|||||82,043|82,043|106,049|106,049|
|||||||||2023|2022|
|||||||||g|6|
||Fundraising|expenses||||||21,290|47,715|
||Fundraising<br>Allocated|salaries<br> support casts||||||50,251<br>10,502|47,200<br>11,134|
||Donations|||||||82,043|106,049|





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|Expendi|ture<br>on|charitable<br>activities by fund|type|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2023|
|||||6|f|
|Own promotions|||1,136,733|10,000|1,146,733|
|Hires, recordings||and technical|69,846||69,846|
|Learning<br>Bars and|and participation<br> catering||70,983<br>103,673|69,024|140,007<br>103,673|
|Support|costs||355,163||355,163|
||||1,736,398|79,024|1,815,422|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
||||||6|
|Own promotions|||993,103|71,814|1,064,917|
|Hires, recordings||snd technical|61,202||61,202|
|Learning|and participation||113,968|45,126|159,094|
|Bars and|catering||90,841||90,841|
|Support|costs||360,018||360,018|
||||1,619,132|116,940|1,736,072|



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|Expendit|ure<br>on|charitable<br>activities|by activity type||||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken||Total funds|Total fund|
||||directly|Support costs|2023|2022|
||||||g||
|Own promotions|||1,146,733|262,560|1,409,293|1,335,531|
|Hires, recordings||and teclmical|69,846|35,008|104,854|98,318|
|Learning|and participation||140,007|38,509|178,516|199,921|
|Bars and|catering||103,673|3,501|107,174|94,552|
|Governance<br>costs||||15,585|15,585|7,750|
||||1,460,259|355,163|1,815,422|1,736,072|





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|Analysis of|direc||t costs|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Hires,||||||
||||Own<br>promotions||recordings<br>and technical||Learning<br>and<br>participation||Bars and<br>catering|Total|Total|
|||||2023||2023||2023|2023|2023|2022|
|||||f.||||f.||K||
|Artist and concert||||||||||||
|costs||||718,653||||33,669||752,322|711,547|
|Staffcosts||||254,697||50,939||98,255|38,027|441,918|410,594|
|Marketing<br>and||||||||||||
|merchandise|costs|||94,846||4,865||7,990||107,701|120,758|
|Utilities and||||||||||||
|commission|costs|||78,537||14,042||93|6,311|98,983|86,645|
|Bars and catering<br>costs|||||||||59,335|59,335|46,510|
||||1,146,733|||69,846|140,007||103,673|1,460,259|1,376,054|
|Tota12022|||1,064,917|||61,202|159,094||90,841|1,376,054||
|Analysis of|support costs|||||||||||
|||||||||Total funds||||
||||||||||2022|Total 2023|Total 2022|
||||||||||6|||
|Staffcosts|||||||||196,069|196,069|203,971|
|Premises|||||||||21,340|21,340|19,650|
|Communications|||and IT||||||23,658|23,658|25,161|
|General office|||||||||16,347|16,347|17,326|
|Depreciation<br>Marketing|||||||||14,678<br>21,275|14,678<br>21,275|14,396<br>22,569|
|Printing,<br>stationery<br>and sundries<br>Travel expenses and entertaining<br>Maintenance<br>and technical|||||||||3,694<br>5,536<br>20,296|3,694<br>5,536<br>20,296|3,826<br>7,456<br>16,037|
|Stafftraining|and||recruitment||||||9,785|9,785|10,670|
|Professional|fees||||||||16,647|16,647|10,647|
|Loan interest|||||||||5,327|5,327|7,777|
|Bank charges snd|||commissions||||||511|511|532|
||||||||||355,163|355,163|360,018|
|Net expenditure||||||||||||
|Net expenditure||is stated||after charging/(crediting):||||||||
|||||||||||2023|2022|
|Depreciation|oftangible|||fixed assets||||||15,132|14,841|





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||||2023|2022|
|---|---|---|---|---|
||||No.|No.|
|Full time equivalent|||17|17|
|The number ofemployees||whose remuneration|for the year fell within the following bands, were:||
||||2023|2022|
||||No.|No.|
|f100,000to f,109,999|||1|1|
|Key Management|Personnel||||



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|Tangible fixed assets|||||
|---|---|---|---|---|
||Technical di|Fixtures,|||
||catering|fittings &|Musical||
||equipment|computers|Instruments|Total|
|||||8|
|Cost|||||
|At 1 September 2022<br>Additions|116,998<br>4,593|57,157<br>2,801|100,000|274,155<br>7,394|
|At 31August 2023|121,591|59,958|100,000|281,549|
|Depreciation<br>At 1 September 2022|108,790|48,080|25,000|181,870|
|Charge for the year|4,889|5,243|5,000|15,132|
|At 31August 2023|113,679|53,323|30,000|197,002|
|Carrying<br>amount<br>At 31August 2023|7,912|6,635|70,000|84,547|
|At 31August 2022|8,208|9,077|75,000|92,285|



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|Investments||
|---|---|
||Shares m|
||gl'sup|
||undertakings|
|Cost or valuation||
|At 1September 2022 and 31August 2023||
|Impairment||
|At 1September 2022 and 31August 2023||
|Carrying<br>amount||
|At 31August 2023|1|
|At 31August 2022|1|



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|Subsidiaries|and other investmen|ts|||
|---|---|---|---|---|
|||||Percentage of|
|||Registered office|Class ofshare|shares held|
|Subsidiary|undertakings||||
|||Council Offices, London Road,|||
|||Saflron Walden, England,|||
|Ssifi'on Hall|Limited|CB114ER|Ordinary|100|





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||2023|2022|
|---|---|---|
||f||
|Catering and merchandise<br>stock|4,673|5,963|
|Debtors|||
||2023|2022|
||g|8|
|Trade debtors|59,199|32,437|
|Prepayments<br>and accrued income|26,794|29,063|
|Other debtors|10,800|904|
||96,793|62,404|
|Creditors: amounts<br>faHing due within one year|||
||2023<br>f|2022|
|Other loans<br>Bank loans<br>Trade creditors|32,653<br>5,556<br>12,367|31,949<br>5,555<br>52,239|
|Accruals and deferred income<br>Social security and other taxes|387,839<br>33,327|281,774<br>16,517|
|Other creditors|26,875|31,152|
||498,617|419,186|
||2023|2022|
|Deferred income at 1 September 2022|193,779|209,977|
|Ticket sales deferred during the year|258,975|167,779|
|Ticket sales released t'rom previous years<br>Sponsorship<br>income deferred during the year|(167,779)<br>36,200|(176,414)<br>26,000|
|Sponsorship<br>income released from previous years|(26,000)|(33,563)|
|Deferred income at 31August 2023|295,175|193,779|



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|Credi|tors: amounts<br>faBing due after more th|an one year||
|---|---|---|---|
|||2023|2022|
|||g||
|Other <br>Bank|loans<br> loans|21,532<br>31,945|53,039<br>37,501|
|||53,477|90,540|





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|Analysis of|charitable<br>fu|nds||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|funds|||||||
|||At|I September||||At31August|
||||2022|Income|Expenditure|Transfers|2023|
|General funds|||(304,075)|1,516,877|(1,818,441)|184,008|(421,631)|
|Designated|Fund - fixed|||||||
|asset|||92,285|||(7,738)|84,547|
||||(211,790)|1,516,877|(1,818,441)|176,270|(337,084)|
|||At|I September||||At 31August|
||||2021|Income|Expenditure|Transfers|2022|
|General funds|||(163,721)|1,305,076|(1,725,181)|279,751|(304,075)|
|Designated|Fund - fixed|||||||
|asset|||99,261|||(6,976)|92,285|
||||(64,460)|1,305,076|(1,725,181)|272,775|(211,790)|





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|Restricted funds||||||
|---|---|---|---|---|---|
||At 1 September||||At31August|
||2022|Income|Expenditure|Transfers|2023|
|Corporate<br>and individual||||||
|concert sponsorship||176,270||(176470)||
|Learning<br>and participation||69,024|(69,024)|||
|Opera|93,000||(10,000)||83,000|
|Equipment<br>fund||||||
|Concert and marketing||||||
|assistant||||||
|SCYM Bursary||750|||750|
|Other corporate||400|||400|
||93,000|246,444|(79,024)|(176,270)|84,150|
||At 1 September||||At 31August|
||2021|Income|Expenditure|Transfers|2022|
|||||6||
|Corporate<br>and individual||||||
|concertsponsorship<br>Learning<br>and participation|34,000|187,207<br>92,126|(45,126)|(187,207)<br>(81,000)||
|Opera|100,000|50,000|(57,000)||93,000|
|Equipment<br>fund<br>Concert and marketing||9,382|(6,719)|(2,663)||
|assistant<br>SCYM Bursary||10,000|(8,095)|(1,905)||
|Other corporate||||||
||134,000|348,715|(116,940)|(272,775)|93,000|





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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2023|
|Tangible fixed assets|||84,547||84,547|
|Investments|||I||1|
|Current assets<br>Creditors less than<br>1 year<br>Creditors greater than<br>1year|||130,462<br>(498,617)<br>(53,477)|84,150|214,612<br>(498,617)<br>(53,477)|
|Net liabilities|||(337,084)|84,150|(252,934)|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
|Tangible fixed assets|||92,285||92,285|
|Investments|||I||1|
|Current assets|||205,650|93,000|298,650|
|Creditors<br>less than<br>1 year<br>Creditors greater than I year|||(419,186)<br>(90,540)||(419,186)<br>(90,540)|
|Net liabilities|||(211,790)|93,000|(118,790)|



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||||||At|
|---|---|---|---|---|---|
|||At 1 Sep 2022|Cash flows|Other changes|31Aug 2023|
||||||f,|
|Cash <br>Debt <br>Debt|at bank and in hand<br> due within one year<br> due after one year|230,283<br>(37,504)<br>(90,540)|(117,137)<br>36,358|(37,063)<br>37,063|113,146<br>(38,209)<br>(53,477)|
|||102,239|(80,779)|—|21,460|



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