```
REGISTERED CHARITY NUMBER: 1156217
```

## **`REPORT OF THE TRUSTEES AND`** 

## **`UNAUDITED FINANCIAL STATEMENTS`** 

## **`FOR THE YEAR ENDED 31 AUGUST 2024`** 

## **`FOR`** 

## **`LICHFIELD ARTS`** 

```
Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE
```



```
LICHFIELD ARTS
```

## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024`** 

**==> picture [315 x 137] intentionally omitted <==**

**----- Start of picture text -----**<br>
Page<br>Report of the Trustees   1 to 3<br>Independent Examiner's Report   4<br>Statement of Financial Activities   5<br>Balance Sheet   6<br>Notes to the Financial Statements   7 to 11<br>Detailed Statement of Financial Activities   12 to 13<br>**----- End of picture text -----**<br>




```
LICHFIELD ARTS
```

```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
```

```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31August2024.Thetrustees have
adoptedthe provisionsof Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```

## **`OBJECTIVES AND ACTIVITIES`** 

## **`Objectives and aims`** 

```
Thecharity'sobjectivesaretoinspireandenrichourcommunitythroughthetransformativepowerofthearts.Byensuringthe quality
andrelevanceofourprogrammesandpartnerships,westrivetocreateopportunitiesforthewiderLichfieldDistrictcommunity and
beyond.Wearecommittedtobeingboldinoureffortstoaddressandreduceinequalitiesinaccesstoartisticexperiences and
opportunities,ensuringthateveryonecanparticipateinandbenefitfromthearts.Ourmissionistoincreasequalityaccesstothe arts
across Lichfield District.
```

## **`Achievement and Performance`** 

```
Over the period 1st September 2023 to 31st August 2024 we were able to operate with no restrictions,with the charity'sTrustees having
due regard at all times to guidance published by the Charity Commission on public benefit.
```

## **`Staffing and Volunteers`** 

```
A restructuringof the organisationtook place during the year.This involvedthe board of trustees delegatingday to day management of
the charityto a new operationsteam led by an operationsmanager,with the operationsteam overseeingand coordinatingall activities
delivered by our various strands of activity.
```

```
Aftermanyyears'dedicatedservicebetweenthemweweresadtoseeRobTilstonandourvice-presidentStuartDaviesstepdown as
trustees.
```

```
Followingavolunteerexperiencereviewanewvolunteerstrategywasimplementedtodiversifythevolunteerteam,addmore varied
roles, boost volunteersupport from the organisation,ensure volunteersare deployed to roles that best meet their skill sets, implement a
fairer way for volunteers to be assigned roles and recruit a new volunteer coordinator
```

## **`ACHIEVEMENT AND PERFORMANCE`** 

## **`Events and Concerts`** 

```
As a charity our objectives are focused on ensuring that Lichfield and the surrounding area has a thriving
```

```
arts community,and that all residents and visitorscan experienceand be inspired by a diverse range of arts.We are pleased to say that,
on the occasion of our 50th anniversary, this year proved very successful in delivering against these objectives.
Of particular note:
```

```
- There was a large increase in the number of concertsand other LichfieldArts events at the Guildhall,the CathedralHotel and  Sandfields
Pumping Station, with audiences being up significantly on last year.
```

```
- Our three annual festivals- Fuse, Jazz & Blues and the LichfieldFestival Of Folk - were all very successful,between then attracting more
than 14,000 visitors and receiving excellent feedback from visitors, performers and volunteers.
```

```
- Planning commenced on a new major outreach tour project funded via a significant grant received from Lichfield District Council.
```

```
- Our EmergingTalent programme,aimed at giving young local artistes opportunitiesto develop their skills, confidenceand performance
slots,continuedtobuild.ThisincludedfurtherengagementwithSouthStaffordshireCollegeandTheGarrickTheatre,performances at
the Fuse Festival,a workshopfor Friary School sixth formerson event production,a workshopon event productionfor a national project
byRicNicTheatreCompany,establishingapartnershipwithEntrustMusicServiceStaffordshireandtheYoungSoundsUK Furthering
Talentprogrammeand,aspartoftheirearlycareerworkexperience,securinguniversitystudentstoshadowourteamacross Fuse
Festival weekend.
```

```
Page 1
```



```
LICHFIELD ARTS
```

```
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
```

## **`ACHIEVEMENT AND PERFORMANCE`** 

## **`Other Developments`** 

```
Anewevaluationframeworkwasintroducedtoensurefutureeventsandactivitiesarecompetitivewithotherartisticofferingsin the
city,are in line with the expectationsof a contemporaryaudience,providethe best experiencefor our visitors,present the organisation
in a favourable manner and make best use of our resources.
```

```
Awide-rangingreviewofcustomerexperiencewasundertakentoseekopportunitiesforimprovementsatallstagesofthe customer
journey at our events, from how customers find information about us and our events through to post-event engagement.
```

```
A major overhaul was undertaken of the Guildhall bar to improve its efficiency and enhance the customer experience at Guildhall events.
```

## **`FINANCIAL REVIEW`** 

## **`Overview`** 

```
Afterthefinancialchallengeswefacedthepreviousyear,2023/24wasmuchimprovedforLichfieldArtsfinancially.Wereturned a
surplus for the year of £5,183 and finished the year with cash balances including restricted funds of £32,149.
```

```
The Charity'smain sourcesof incomecontinueto be grants,donations,sponsorship,event ticketsales and event refreshmentsales. It is
particularlynoteworthythatouroverallincomewasnearly25%higherthanthepreviousfinancialyear,asisreflectedinthe large
increasein the number of concertsand otherevents we staged plus an expandedEmergingTalentprogramme.We wouldlike to thank
all our regular visitors, donors, grant providers and commercial sponsors for enabling us to continue to run our activities.
```

## **`Reserves policy`** 

```
ThetrusteesaimtomaintainunrestrictedreservessufficienttocoverthebasicrunningcostsofLichfieldArts,alongwithany other
foreseeableexpenses,forapproximately12months.Inthisway,thetrusteescanbecomfortablethatthecharitycanmeet its
commitments and cover any unexpected expenditure.
```

```
Available,unrestrictedreservesat the end of the year (excludingamountsalreadyowedto suppliers)were £32,870,whichis above this
target threshold.
```

## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** 

## **`Governing document`** 

```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```

## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`** 

```
1156217
```

## **`Principal address`** 

```
Donegal House
Bore Street
Lichfield
Staffordshire
WS13 6LU
```

## **`Trustees`** 

```
T Perks Trustee
P Beale Trustee
L Griffiths Trustee
P Harvey Trustee
S Horton Trustee
```

```
Page 2
```



```
LICHFIELD ARTS
```

## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024`** 

## **`REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner`** 

```
Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE
```

```
Approved by order of the board of trustees on 8 May 2025 and signed on its behalf by:
```

```
P Beale - Trustee
```

```
Page 3
```



```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LICHFIELD ARTS
```

## **`Independent examiner's report to the trustees of Lichfield Arts`** 

```
I report to the charity trustees on my examination of the accounts of Lichfield Arts (the Trust) for the year ended 31 August 2024.
```

## **`Responsibilities and basis of report`** 

```
As the charitytrusteesofthe Trustyouare responsibleforthe preparationofthe accountsin accordancewiththe requirementsof the
Charities Act 2011 ('the Act').
```

```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingout my
examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
```

## **`Independent examiner's statement`** 

```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe that in any material respect:
```

`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or` 

`2. the accounts do not accord with those records; or` 

`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` 

```
I havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in
this report in order to enable a proper understanding of the accounts to be reached.
```

```
Mr P Bulzacchelli
```

```
Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE
```

```
8 May 2025
```

```
Page 4
```



```
LICHFIELD ARTS
```

## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024`** 

||||||`Period`|
|---|---|---|---|---|---|
||||||`1.11.22`|
|||||**`Year Ended`**|`to`|
|||||**`31.8.24`**|`31.8.23`|
|||`Unrestricted`|`Restricted`|**`Total`**|`Total`|
|||`fund`|`fund`|**`funds`**|`funds`|
||`Notes`|`£`|`£`|**`£`**|`£`|
|**`INCOME AND ENDOWMENTS FROM`**||||||
|`Donations and legacies`||**`37,166`**|**`2,544`**|**`39,710`**|`29,701`|
|`Other trading activities`|`2`|**`170,798`**|**`-`**|**`170,798`**|`140,971`|
|**`Total`**||**`207,964`**|**`2,544`**|**`210,508`**|`170,672`|
|**`EXPENDITURE ON`**||||||
|`Raising funds`||**`202,781`**|**`2,544`**|**`205,325`**|`196,306`|
|**`NET INCOME/(EXPENDITURE)`**||**`5,183`**|**`-`**|**`5,183`**|`(25,634)`|
|**`RECONCILIATION OF FUNDS`**||||||
|`Total funds brought forward`||**`27,687`**|**`-`**|**`27,687`**|`53,321`|
|**`TOTAL FUNDS CARRIED FORWARD`**||**`32,870`**|**`-`**|**`32,870`**|`27,687`|



```
The notes form part of these financial statements
```

```
Page 5
```



## **`LICHFIELD ARTS`** 

## **`BALANCE SHEET 31 AUGUST 2024`** 

|`Unrestricted`<br>`Restricted`<br>`fund`<br>`fund`<br>`Notes`<br>`£`<br>`£`<br>**`FIXED ASSETS`**<br>`Tangible assets`<br>`6`<br>**`3,500`**<br>**`-`**<br>**`CURRENT ASSETS`**<br>`Stocks`<br>`7`<br>**`-`**<br>**`-`**<br>`Debtors`<br>`8`<br>**`7,437`**<br>**`-`**<br>`Cash at bank and in hand`<br>**`28,100`**<br>**`4,049`**<br>**`35,537`**<br>**`4,049`**<br>**`CREDITORS`**<br>`Amounts falling due within one year`<br>`9`<br>**`(6,167)`**<br>**`(4,049)`**<br>**`NET CURRENT ASSETS`**<br>**`29,370`**<br>**`-`**<br>**`TOTAL ASSETS LESS CURRENT LIABILITIES`**<br>**`32,870`**<br>**`-`**<br>**`NET ASSETS`**<br>**`32,870`**<br>**`-`**<br>**`FUNDS`**<br>`10`<br>`Unrestricted funds`<br>**`TOTAL FUNDS`**|**`2024`**<br>**`Total`**<br>**`funds`**<br>**`£`**<br>**`3,500`**<br>**`-`**<br>**`7,437`**<br>**`32,149`**<br>**`39,586`**<br>**`(10,216)`**<br>**`29,370`**<br>**`32,870`**<br>**`32,870`**<br>**`32,870`**<br>**`32,870`**|`2023`<br>`Total`<br>`funds`<br>`£`<br>`4,375`<br>`725`<br>`4,118`<br>`25,159`|
|---|---|---|
|||`30,002`<br>`(6,690)`|
|||`23,312`|
|||`27,687`|
|||`27,687`|
|||`27,687`|
|||`27,687`|



```
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 8 May 2025 and were signed on its behalf
by:
```

```
P Beale - Trustee
```

```
The notes form part of these financial statements
```

```
Page 6
```



```
LICHFIELD ARTS
```

## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024`** 

## **`1. ACCOUNTING POLICIES`** 

## **`Basis of preparing the financial statements`** 

```
Thefinancialstatementsofthe charity,whichis a publicbenefitentityunderFRS 102,havebeen preparedin accordance with
theCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicable to
charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in
theUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention.
```

## **`Income`** 

```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.
```

## **`Expenditure`** 

```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswillbe requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
```

## **`Tangible fixed assets`** 

```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```

```
Fixtures and fittings- 33% on cost
```

## **`Stocks`** 

```
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
```

## **`Taxation`** 

```
The charity is exempt from tax on its charitable activities.
```

## **`Fund accounting`** 

```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```

```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise when
specified by the donor or when funds are raised for particular restricted purposes.
```

```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```

## **`Pension costs and other post-retirement benefits`** 

```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionscheme are
charged to the  Statement of Financial Activities in the period to which they relate.
```

```
continued...
```

```
Page 7
```



```
LICHFIELD ARTS
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024`** 

## **`2. OTHER TRADING ACTIVITIES`** 

|**`Year Ended`**<br>**`31.8.24`**<br>**`£`**<br>`Bar takings`<br>**`61,533`**<br>`FUSE income`<br>**`19,265`**<br>`Events tickets`<br>**`88,796`**<br>`Raffles and sundry fundraising`<br>**`895`**<br>`Equipment hire/storage income`<br>**`200`**<br>`Sundry income`<br>**`109`**<br>**`170,798`**|`Period`<br>`1.11.22`<br>`to`<br>`31.8.23`<br>`£`<br>`50,897`<br>`9,928`<br>`76,329`<br>`1,307`<br>`1,371`<br>`1,139`|
|---|---|
||`140,971`|



## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** 

```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31August2024norfortheperiod ended
31 August 2023.
```

## **`Trustees' expenses`** 

```
There were no  trustees' expenses paid for the year ended 31 August 2024 nor for the period ended 31 August 2023.
```

## **`4. STAFF COSTS`** 

```
The average monthly number of employees during the year was as follows:
```

|||`Period`|
|---|---|---|
|||`1.11.22`|
||**`Year Ended`**|`to`|
||**`31.8.24`**|`31.8.23`|
|`Office`|**`2`**|`2`|



```
No employees received emoluments in excess of £60,000.
```

## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** 

|`Unrestricted`<br>`Restricted`<br>`fund`<br>`fund`<br>`£`<br>`£`<br>**`INCOME AND ENDOWMENTS FROM`**<br>`Donations and legacies`<br>`29,701`<br>`-`<br>`Other trading activities`<br>`140,971`<br>`-`<br>**`Total`**<br>`170,672`<br>`-`<br>**`EXPENDITURE ON`**<br>`Raising funds`<br>`196,306`<br>`-`<br>**`NET INCOME/(EXPENDITURE)`**<br>`(25,634)`<br>`-`|`Total`<br>`funds`<br>`£`<br>`29,701`<br>`140,971`|
|---|---|
||`170,672`|
||`196,306`|
||`(25,634)`|



```
continued...
```

```
Page 8
```



```
LICHFIELD ARTS
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024`** 

|**`5.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**||||
|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Total`|
|||`fund`|`fund`|`funds`|
|||`£`|`£`|`£`|
||**`RECONCILIATION OF FUNDS`**||||
||`Total funds brought forward`|`53,321`|`-`|`53,321`|
||**`TOTAL FUNDS CARRIED FORWARD`**|`27,687`|`-`|`27,687`|
|**`6.`**|**`TANGIBLE FIXED ASSETS`**||||
|||||`Fixtures`|
|||||`and`|
|||||`fittings`|
|||||`£`|
||**`COST`**||||
||`At 1 September 2023 and 31 August 2024`|||**`6,079`**|
||**`DEPRECIATION`**||||
||`At 1 September 2023`|||**`1,704`**|
||`Charge for year`|||**`875`**|
||`At 31 August 2024`|||**`2,579`**|
||**`NET BOOK VALUE`**||||
||`At 31 August 2024`|||**`3,500`**|
||`At 31 August 2023`|||`4,375`|
|**`7.`**|**`STOCKS`**||||
||||**`2024`**|`2023`|
||||**`£`**|`£`|
||`Stocks`||**`-`**|`725`|
|**`8.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
||||**`2024`**|`2023`|
||||**`£`**|`£`|
||`Other debtors`||**`-`**|`1,000`|
||`VAT`||**`1,410`**|`494`|
||`Prepayments`||**`6,027`**|`2,624`|
||||**`7,437`**|`4,118`|



```
continued...
```

```
Page 9
```



```
LICHFIELD ARTS
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024`** 

## **`9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** 

|`Taxation and social security`<br>`Other creditors`<br>**`MOVEMENT IN FUNDS`**<br>**`Unrestricted funds`**<br>`General fund`<br>**`TOTAL FUNDS`**<br>`Net movement in funds, included in the above are as follows:`<br>**`Unrestricted funds`**<br>`General fund`<br>**`Restricted funds`**<br>`General fund`<br>**`TOTAL FUNDS`**<br>**`Comparatives for movement in funds`**<br>**`Unrestricted funds`**<br>`General fund`<br>**`TOTAL FUNDS`**|**`2024`**<br>`2023`<br>**`£`**<br>`£`<br>**`1,917`**<br>`(666)`<br>**`8,299`**<br>`7,356`<br>**`10,216`**<br>`6,690`<br>`Net`<br>`movement`<br>`At`<br>`At 1.9.23`<br>`in funds`<br>`31.8.24`<br>`£`<br>`£`<br>`£`<br>**`27,687`**<br>**`5,183`**<br>**`32,870`**<br>**`27,687`**<br>**`5,183`**<br>**`32,870`**<br>`Incoming`<br>`Resources`<br>`Movement`<br>`resources`<br>`expended`<br>`in funds`<br>`£`<br>`£`<br>`£`<br>**`207,964`**<br>**`(202,781)`**<br>**`5,183`**<br>**`2,544`**<br>**`(2,544)`**<br>**`-`**<br>**`210,508`**<br>**`(205,325)`**<br>**`5,183`**<br>`Net`<br>`At`<br>`movement`<br>`At`<br>`1.11.22`<br>`in funds`<br>`31.8.23`<br>`£`<br>`£`<br>`£`<br>`53,321`<br>`(25,634)`<br>`27,687`<br>`53,321`<br>`(25,634)`<br>`27,687`|`2023`<br>`£`<br>`(666)`<br>`7,356`|
|---|---|---|
|||`6,690`|
||||
|||`27,687`|



## **`10. MOVEMENT IN FUNDS`** 

```
continued...
```

```
Page 10
```



```
LICHFIELD ARTS
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024`** 

## **`10. MOVEMENT IN FUNDS - continued`** 

```
Comparative net movement in funds, included in the above are as follows:
```

|**`Unrestricted funds`**<br>`General fund`<br>**`TOTAL FUNDS`**|`Incoming`<br>`Resources`<br>`Movement`<br>`resources`<br>`expended`<br>`in funds`<br>`£`<br>`£`<br>`£`<br>`170,672`<br>`(196,306)`<br>`(25,634)`<br>`170,672`<br>`(196,306)`<br>`(25,634)`|
|---|---|



## **`11. RELATED PARTY DISCLOSURES`** 

```
There were no related party transactions for the year ended 31 August 2024.
```

```
Page 11
```



```
LICHFIELD ARTS
```

## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024`** 

|||`Period`|
|---|---|---|
|||`1.11.22`|
||`Year Ended`|`to`|
||`31.8.24`|`31.8.23`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Grants and donations`|**`39,450`**|`29,545`|
|`Subscriptions`|**`260`**|`156`|
||**`39,710`**|`29,701`|
|**`Other trading activities`**|||
|`Bar takings`|**`61,533`**|`50,897`|
|`FUSE income`|**`19,265`**|`9,928`|
|`Events tickets`|**`88,796`**|`76,329`|
|`Raffles and sundry fundraising`|**`895`**|`1,307`|
|`Equipment hire/storage income`|**`200`**|`1,371`|
|`Sundry income`|**`109`**|`1,139`|
||**`170,798`**|`140,971`|
|**`Total incoming resources`**|**`210,508`**|`170,672`|
|**`EXPENDITURE`**|||
|**`Raising donations and legacies`**|||
|`Wages`|**`24,719`**|`22,718`|
|`Social security`|**`1,337`**|`1,138`|
|`Pensions`|**`837`**|`733`|
|`Insurance`|**`1,554`**|`1,514`|
|`Office rent and room hire`|**`3,734`**|`3,605`|
|`Telephone`|**`865`**|`740`|
|`Postage and stationery`|**`1,786`**|`1,048`|
|`General administration costs`|**`886`**|`1,652`|
|`Accountancy`|**`820`**|`800`|
|`Bank charges`|**`1,104`**|`1,326`|
|`Fixtures and fittings`|**`875`**|`1,094`|
||**`38,517`**|`36,368`|
|**`Other trading activities`**|||
|`Bar purchases and costs`|**`12,900`**|`2,803`|
|`FUSE expenditure`|**`62,322`**|`59,478`|
|`Event costs`|**`69,109`**|`79,308`|
|`Marketing`|**`12,182`**|`8,833`|
|`Staging and other costs`|**`10,295`**|`9,516`|
||**`166,808`**|`159,938`|



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LICHFIELD ARTS
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## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`** 

## **`FOR THE YEAR ENDED 31 AUGUST 2024`** 

|||`Period`|
|---|---|---|
|||`1.11.22`|
||`Year Ended`|`to`|
||`31.8.24`|`31.8.23`|
||`£`|`£`|
|`Total resources expended`|**`205,325`**|`196,306`|
|**`Net income/(expenditure)`**|**`5,183`**|`(25,634)`|



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