Treasurers Annual Report
Year End 31st August 2023 Report Dated : 01st September 2023
Its’ has been a difficult year for Blackpool Pride Festival, however the committee has still managed to put on two major events in the town.
Event sponsorship & general donations were done significantly on the previous year, however event ticket sales remains constant. Increased interest in the events also meant that stall income was up. Total turnover for the year stands at just over 72k.
Due to the way the summer pride of 2022 was structured it is difficult to make accurate comparisons in regards to live entertainment costs, sound and lighting etc. Overall spend for costs of sales stand at 69.6k, lower that the previous year. Most of this is due to the relocation of the summer pride event to the Winter Gardens, meaning staging costs etc were significantly lower.
Administrative costs have also been lower for the year 22-23, with lower international travel costs for artists.
In the year 22-23 pride made a loss of 1,032.51 compared to the previous years profit of 2,994.66. This will be due to the lower sponsorship and general donations achieved in the financial year.
We are looking forward to planning Pride 2024. A number of events are already being planned for fundraising including a Rainbow Weekend in February.
Ian Davies Treasurer Blackpool Pride Festival
Profit and Loss
Blackpool Pride Festival For the year ended 31 August 2023
| Profit and Loss Blackpool Pride Festival For the year ended 31 August 2023 |
|
|---|---|
| 2023 | |
| Turnover | |
| 200 - Event Sponsorships | 14,300.00 |
| 201 - General Donations | 15,217.57 |
| 202 - Event Tickets | 38,972.89 |
| 203 - Merchandise Sales | 158.84 |
| 204 - Stall Revenue | 5,600.00 |
| 260 - Other Revenue | 1,077.00 |
| 270 - Interest Income | 13.44 |
| Total Turnover | 75,339.74 |
| Cost of Sales | |
| 310 - Cost of Goods Sold | 667.50 |
| 325 - Direct Expenses | 300.00 |
| 326 - Event Venue Hire Costs | 4,800.00 |
| 327 - Food & Beverage Costs | 2,625.00 |
| 328 - Live Entertainment Costs | 32,216.30 |
| 329 - Event Decorations | 429.00 |
| 330 - Health & Safety Costs | 396.50 |
| 331 - Event Security Costs | 5,330.18 |
| 332 - Event Sound & Lighting Costs | 19,675.00 |
| 333 - Event Operational Staffing Costs | 2,587.00 |
| 334 - Volunteer Expenses | 35.54 |
| 335 - Direct Consumables | 144.00 |
| 337 - Traffic Management Costs | 800.00 |
| Total Cost of Sales | 70,006.02 |
| Gross Profit | 5,333.72 |
| Administrative Costs | |
| 404 - Bank Fees | 31.78 |
| 425 - Postage, Freight & Courier | 15.50 |
| 429 - General Expenses | 312.45 |
| 433 - Insurance | 582.34 |
| 461 - Printing & Stationery | 631.27 |
| 462 - Xero Costs | 303.04 |
| 493 - Travel - National | 306.77 |
| 494 - Travel - International | 1,384.18 |
| Total Administrative Costs | 3,567.33 |
| Operating Profit | 1,766.39 |
| Profit on Ordinary Activities Before Taxation | 1,766.39 |
| Profit after Taxation | 1,766.39 |
Profit and Loss Blackpool Pride Festival
29 Oct 2023 Page 1 of 1
Balance Sheet
Blackpool Pride Festival As at 31 August 2023
31 AUG 2023
Current Assets
| Cash at bank and in hand | |
|---|---|
| CASH - Cash Account 51.47 |
|
| PBIA - Business Instant Access 0.41 |
|
| PBPL - Club,Charity And Trust Account 4,814.36 |
|
| Total Cash at bank and in hand 4,866.24 |
|
| 610 - Accounts Receivable 3,625.00 |
|
| 620 - Prepayments 200.00 |
|
| Total Current Assets 8,691.24 Creditors: amounts falling due withinone year |
|
| 800 - Accounts Payable 585.76 |
|
| 820 - VAT (2,418.70) |
|
| 840 - Historical Adjustment 551.15 |
|
| 860 - Rounding 0.66 |
|
| Total Creditors: amounts falling due within one year (1,281.13) |
|
| Net Current Assets (Liabilities) 9,972.37 |
|
| Total Assets less Current Liabilities 9,972.37 |
|
| Net Assets 9,972.37 Capital and Reserves |
|
| 960 - Retained Earnings 8,205.98 |
|
| Current Year Earnings 1,766.39 |
|
| Total Capital and Reserves 9,972.37 |
29 Oct 2023 Page 1 of 1
Balance Sheet Blackpool Pride Festival
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the I accounts Section A Independent Examiner's Report Report to the truste BLACKPOOL PRIDE FESTIVAL On accounts forthe year •nded ST 31 AUGUST 2023 Charity no Ilf any) 1157508 Set out on pages I report to the trustees on my examination of the accounts of the above charty (Ihe Trust") for the year ended 30kn October 2024. Responslbllitles and basls of report As the chanty's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of th8 2011 Acl and in carrying out my examination, I have followed all the applicable Directions given by the Chanty Commission under section 145{5>lb) of the Aci. Independent I have completed my examinakn'on. I confimi that no material matter8 have examiner's statement to my attention in connection wrth the examination (other than that disdosed belcAv ') which gives me cause to believe that in, any material respect.. Ihe accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the actounting records., or the accounls did not comply with the applicable requiremenls conceming the fom and content of xcounts set out in the Charrties (Accounts and Rewrts) Regulations 2008 otherlhan any requirement that the accounls give a 'true and fairf wew which is not a matter considered as part of an independent examination. I have no (x)nM5 and have corre rOsS no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Slgned: Dat•: 30th October 2024 Name: Mr Adam Talbot Relevant professional qualification(s) or body lif any): Ba H(x)s Address: Wthitegates Accountants 49 Whrtegate Drive IER Oct 2018
Blackp1 FY3 9DG Section B Disclosure Only cnmplete if the examiner needs lo highlight material matters of concern (see CC32, Independent examinatson of chanty accounts.. directsons and guidan for examiners). Givo here brief details of I any Items that the examiner wlshos to dlsclose. IER Oct 2018
Balance Sheet Blackpool Pride Festival As at 31 August 2023 Cash Basis Account 31 Aug 2023 Current Assets Ca¥h t b•nk •nd in hand CASH . Cash Account PBIA- B1$$ Instanl Acrn PBPL. Club,Charty And Tnjst Accounl Totsl Cash at bank •nd In hand 820- Pr•ptym•nts 51.47 041 4.814.38 4,866.24 200.00 5,066.24 T¢tsl Curr•nt Alts Crndltors: amounts fallln du• withln on• oar 8CQ. Attounts Pabl 820- VAT 840. HthfI Adju8tm•nt 860. Rounding 10.501 {2.358 541 $51.1S T¢)tsl Cr•dltorn.' mounts hlllng du• withln on• (1,807.231 N•t Cunnt Asmts {Uabllbil••) 1,873.47 Tot•1 A•t% l••* Cun•nt Li•bllrti 6,873.47 6.873.47 Ital and R•s•rv•s . R•t•in•d E•mingS Cuff•nt Year EamirwJs 7.WJS 98 11,032 511 6.•73.47 Totsl CAp1141 •nd R•••ry IER Oct 2018
Profit and Loss Blackpool Pride Festival For the year ended 31 August 2023 Cash Basis Account 2023 Turnover 200- Ev8nl Sponsorship$ 201- G•nral Don&tnS 202 - Ev•nl Tickots 203. Merchandise Sales 204 . Slall Revenue 260- Thts R•inl)ow Lott•ry 270- Int•rst Inccffl• Totsl Tumov•r 12.200.CKI 15.217.57 38,972 89 158.84 4,725 00 727. 1344 71014.74 Co•t of Salo8 310- Cost ol Goods Sold 325- Dir•¢t Exp•ns•s 328- Ev•nt V8nu• Hir• Costs 327- Food & Bever8g• Costs 328. ve Enlerlainment Cos 329. Ev•nt O•corations 330- Hoatth & S81thi Costs 331 . Evenl Security Costs 332 - Ev•nl Sound & Lightin9 Cosls 333- Ev•nt Op•rntion81 Staffing Cosls 334. Voluntoer Expenses 335- Oir•ct Consumables 337. Traffic Management Costs Totsl Co•t of Sal•• &%7.$0 297.17 4.8CQ.C(I 2.625 C(1 32.C66 30 214.50 394 07 5.3CQ 65 19.675 tXI 2,$81.29 35.54 144 800 LXI 69,801.02 Grou Profft 2 413.72 Admlnl•tratlv• Co*t• 404 . Bank Fees 425. Postage, Freight & 429. General Expenses 433. Insuranc 461 Prlnting & Station•ry 462 . Xero Costs 493- Trav?l- Nation81 494 . Tf8v•I- Int•mationo1 Total Admlnl•trntlv• Costs 31.78 15.50 312.45 582.34 631C 303.04 18S94 1,384.18 3.446.23 •rntln Profft 1032.51 Profrt on ONlin•ry Activiti•• B•ltrr• Taxatlon {1,032.511 Profft aft•r T•xatlon 1.OJ2.51 IER Oct 2018