Company Registered No. 08893758 {England and Wales)
Registered Charlty No. 1158662
ARTS FRESCO LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
I1￿11111llI
"A(GIRY717•
1W1112023
COMPANIES HOUSE
A07
#178

ARTS FRESCO LIMITED
INDEX TO THE ACCOUNTS
Legal administrats"¥e infc*mation
R8POrt of th8 Tru5188S
Independent Eyaninerfs Report
Statement of FinarKial ACti￿lIeS
linco￿Orating IncJJme & Expendilure Acwffiii
Balarte Sheet
Not85 to Accoun

ARTS FRESCO LIMITED
REFERENCE & ADMINISTRATIVE DETAILS
COMPANY REGISTEREO NO.:
08893478 IRegL8teffed in England and Wale5)
REGISTERED CHARITY NO.:
1158e62
DIRECTORS & TRUSTEES:
N.G. KITSON IChaim)an)
D.R. BERRIDGE
Mrs N.S. BOTEVA-THOMAS
Dr S. HILL
COMPANY SECRETARY:
Or S_ HILL
REGISTERED OFFICE:
21 THE POINT
ROCKINGHAM ROAD
MARKET HARBOROUGH
LEICESTERSHIRE
LE167NU
WEBSITE".
BANKERS..
HSBC BANK PLC
15 HIGH STREET
MARKET HARBOROUGH
LEICESTERSHIRE
LE16 7NN
INDEPENDENT EXAMINER &
ACCOUNTANTS..
AORIAN A. BENTLEY A.CA.
EOWARD THOMAS PEIRSON & SONS
CHARTEREO ACCOUNTANTS
21, THE POINT
ROCKINGHAM ROAD
RKET HARBOROUGH
LEICESTERSHIRE
LE16 7NU
Page 1

ARTS FRESCO LIMITED
Report of the Trustees
For the year ended 31 March 2023
The Tru5t8e5 pres8nt thèir Reporl ltyJ8ther w*ilh thè Fina￿la1 state￿1$ of the charitable cr￿panY ¢OMpan￿ I for
Ihe fina￿al year ended 31 March 2023.Thi5 feport indudes Ihe of Ihe directors.
STRUCTURE. GOVERNANCE ANO MANAGEMENT
Constliution and Govemin9 Document
The company Wd5 in(￿￿t•d on 13 February 2014 as a c(mpany linite(I by guarantee, ￿t hamng a share Capital,
and is govemed by Articles of ASS￿31￿)n ￿1¢h adopted on 17 February 2014. It Was Wi5tered 8$ a charity by
Ihg Charity Comrnissioners lor England and Wales on 24 Septemiw 2014.
Each ol the members has agreed to cofttribute a surn exceedW￿ £10 in Ihg gveni ofihe eharity t•NJ wound up.
Olrectorstfrustees and Manag*m•nt
The directors of the charity are abo ts truslee5 for Ihe PLWPJS• of d*rity law. Those have served durww the perKJd
are as follows'.-
ChaiTman".
N￿1 G Kitson
Secretary".
Dr Sarah Hill
TreaSU￿r.
Davtsl R Berridg8
P*trs Nina S B0teva-Tl￿aS
Dr Sarah Mill
In accordanc• wth th• Art￿￿$ ofA$s￿O￿.(M all of Ihe th.re¢1￿ retre al the forthwnin9 Annual Gènèrttl Meeting
and, being 8kn3ible. will offer lhern58￿ for re4￿￿10￿.
The dir8Ctor5 we a150 the mefflter5 ofth8 Cunpany.
Appolntm•nl of trust••s
Tnjstees a￿ fic￿Inated from persons who Ihmugh wdence. ¢x¢upati¢)n. ernployTh￿t or otheThvise have speual
kno￿•d9e ol the activities of the Company. or tA*KJ are otheThwsa able, by virtue of Ihe¥ pttsonal or prolessic¥)al
quathr￿at￿5, to rnake a swJnfftanl contribution to the pursuit of Ihe ot4ects or Ihe rnwawentof tharity.
Tvu$t•• Indudlon and tralnlno
New trustees are briefed on their leg* rtthgatK)ns charity and company law, Ihe 03nlenl of the Arbdes of
As5wation, the committee and detysion making K*ocesses. the bUS￿e$S ￿an and recent financial performance of the
ryjfflpany. All Injstees a￿ enc¢yJrW to aiieThJ apWo￿te extemal training evenls wher¢ thgse *ill facslitate th8
undertaking of their role.
OBJecnves AND ACTIVITIES FOR THE PU8LIC BENEFIT
Objects
The rti'ects of the charity are..
To promtste, maintain. improve arKI advance putyic eilucalw)n. particularty by the prc•J￿1trJn of 5tre8t theatre, music,
ays. d¥arna. televisitin. wdeo. eirtema. rrime. imFwo¥*atth. dance and singing". and
To formulale. prepare and estsblish xhemgs Ilveth WDvided that al of th• objects of Ihe company shall be of a
charilable nature.
Pag& 2

ARTS FRESCO LIMITED
Report of th¢ Trustees
For the year ended 31 March 2023
Activities
Th8 principal adivty in the year was to 9rn)ts to the c4ynpany's sub%diary ￿￿panY Arts F￿$¢0 Events Limibj
in order for it to 5tag8 a street Iheatre testival. named"AJts Freseo-. in the Lewtwshire ol ma￿&t Harbomgh.
The Arts Fresco concept %frts devised in 2002 by George Kitson. a rebred prinupal of Central School of Sp¢g¢h and
Drarna, and lor nine years an annual event ran $uc¢es$fvlty in the cenlre. In 2011 th• festival was moved to a
nearby path tsjt subsequently ceased fw a variety oliyganisats.onal and fiThan¢ial reasms.
Followng a high level ol supp)rt at a larye rw•'r9 in 2013 a new commrttee Vas fwme¢l to expkxe the possibihty
ol reS￿r￿Cting the festival and from this the wnpany and its subsi(thary &sta￿lshod to d•veW Ihe propct further.
8etween 2014 and 2019 we hehj annual Ajts Frests) èvents attracl.ng cro*xls of many ihousands. In 2020 and 2021
durin9 the Cowd Pandern￿ ￿ held 5cal8d ¢knfft, Covid secure events.
With th8 lil￿n9 of Covid restr￿1￿￿$. ddighw lo be aL48 to bring Arts Fre5¢0 back in 2022 to its usual 8ral¥.
Arts Fresco was planned for the weekend of 101h - 11th September 2022. v*ith the mairn event beirdJ ￿ Sunday 111h
Sgpternber 2022.
On receiving the sad new5 91 H¢r Majesty Oueen Elizabeth 11.5 passing on 81M Septemter. the trustee5 held an
emergency meeting that evening vthere rt was agreed Ihal it W(Mj￿j not be approprk31e to stsge Arts Fr8sco during 8
ricxl of nats)nal mwming WKI that sho&J F0StF￿ the event
Aft¢r discussion *ith all pa￿e$, a fo￿$ed dale of Sunday 91h October was agreed fortunatety almost all of Ihe acts
were ats￿ to accornrntsjate the rewstd dale *ith(wJt incuNiNJ sxJnfft8nt addbtK•nal costs.
The deasion lo resch8dul8 was Welco￿ aThJ we were able to put on a great event wlh a mixturè of dd
lavourites new perfwmers attr8dU￿ many Ihousa*Js 0lwsi￿.
We had multi￿? perfofmarKes throwhout the day from iwenty professthal Compan￿ in tolal perfcfftiThJ a cOrn￿'natIon
of ststic and walk about acts. We also able to ￿4n$￿te Ihe hugdy popular ¢hthJren's vllage *ilh crafts, urcus
skdls aTh8 children orièntated perfOrMan￿S.
Publlc B?nefit
The TnJstees we r￿fident Ihat Arts Fres￿ 2022 wa5 Suc￿Ss(￿l in m8•tiNJ Ihe Pub￿ benefit inieTrJed in the gbi¢cts of
Ihe charity and we are pleased to confirm that we hav8 refe￿ed, and continu* to refer. to the guidance coniained in thè
Charity Commission's general guwjance on publ￿ benefit when rewe*ing th8 chariws alms and objecbves and in
planniry luiure ￿￿11*$.
ACHIEVEMENTS AND PERFORMANCE
Fuft￿￿9 for Ihe event prirna￿Y a grant frryn Ihe AJts Courtttl, grdnts fr(m Markel HarbcKough and th8 BOwd￿S
Charity. Th8 Howard Watson Symington Memorol Charity and drmations from Thg Market Harborvugh 8ulldlng Soriety.
Addil'onal contribut￿5 Came frcffl the Food Cowt Traders a twcket colkntirm ¢)n the day.
The committee and the acls inwjfved in delb¥8rw¥J the tvent were delwJhknJ *ith Ihe ￿sU1¢ ar¥J ￿ look forwavd to Arts
Fresco 2023.
RISK MANAGEMENT STATEMEKr
Thè trustees afe awa￿ of their ￿pon￿bility lo asse$5 the risks aW8cting lh8 chwty. They consNler the only major risk
to be financial as Ihe cha￿$ futu￿ income winot be detemined aTrJ is deperthnt upon grant ftJThJing and ihg
g¢nerostty of d￿￿0￿ and the genoral pu￿1¢. Thfr fffiancial situation is rTrJnitored on a regular basis h) tmghlight
potential defiriencies in fvnding.
Page 3

ARTS FRESCO LIMITED
Report of Ihe Trustses
For Ihe year ended 31 March 2023
RISK IIANAGEMENT STATEMEKF
The tntslees are awa￿ of responsibilty to assess the risks affedwig Ihg charity. They eanshder ihe only major risk
to be finartial as the charitys fu1U￿ inccrtne cannot be detem)ined and ts depeThYent urKJn grant fvnding and lh8
generosity of donors and the general publ￿. The fv*Atial situab.on is n￿nIt0￿d on a ￿gUlar basis to highb'ght any
polentsal defiCIen￿e$ in fundiThJ_
FINANCIAL REVIEW
Ros•rv•s Pollcy
The charity requires General Reserves. ¢ha¢ is fvnds th81 ale fredy avaibll¢ for the Tru$iees lo sperwj in lurthwanc• of
Ihe obj'ects. in order to br*e the fuTr*iThJ gap bel￿ irKJJrring costs in CAmnection wth $ts9iry the Arts Fresco les￿val
and receiving resources through granls and donations Ihat prov•l• fund￿￿. &Jch granls are received at irwgular and
Un￿dICtable intervals and Ihere can be no certainty Ihal this wll continue indefinrtely.
Th8 Truslge5 bdieve Ihat an id•al *1 of Gener* ReseThes. be equNaknt to bet**8n one-lhird on&haff of
Ihe costs incurred in the previws finanoal year. At 31 March 2023. the General Resew5 ￿re £22,948 and **r&.
Iherefore, significantly above Ihe ￿e￿re￿ fange.
The Trustees are min¢fvl thal they *ill nged to rrwitor the knl of resths to ensur• that Ihey remain bolh appropriate
anL1 adequate for the chantys nee(Js.
PREPARATION OF FINAP4CIAL STATEMENTS
The financial stat8rnènts havè bean prepared in accthdance with Ihe accwnb"n9 P(￿¢19$ set oul in thè noiès to tho
accounis and comply wth the charity's goveming t1(tument. the Charibes Aci 2011 Accountirg and ReForting by
Charit*s.' Stat8m8nt of R8commended PrnCli￿ FRS102.
PRepARATION OF REPORT
This report has been p￿pared in aC￿rd￿Ce with ts special P￿￿s￿)￿S of Part 15 of Companies 2006 relatsng
lo small companies.
ON BEHALF OF THE BOARD
D.R. B¢rrid99
Dated 16 November 2023
Page 4

Independent Examineffs Report
to the Trustees of Arts Fresco Llmited
I ￿pOrt to the tharity trust￿ on my examin*.￿ of Ihe a¢y)Jur*s of the company fy Ihe year ended 31 March 2023
vthich are set out on pa9e$ 6 to 10.
R•5ponsibilitl8s and basis ol report
As the charity trustees ol Ihe company land also ILS direcjors for the purposes of company lawl you are re4x)nsible ft)r
the preparati(￿ of a￿OUnts in accordance wilh the requiren*nts of Ihe C(Ampanies Acl 20061lhe 2006 Acf'l.
Having satisfied myself that the *counts of Ihe company ar8 not requiret11o be audiled ￿der Part 16 of the 2006 Act
and are eligible for independent examination, I reFQrt in respect of my exarninatitsn of yOLtr ccffjpanys accounts a5
carried out under section 145 01 Ihe Charities kt 2011 I'lhe 2011 Acri. In Ca￿ng out my exarn1nali￿ I have followed
th8 DirectKJn$ gNen by the Charily Commi$sKJn under section 14515Xbl of the 2011 Aci.
Indop•nd•nt •xamln•e$ stal¢m•rtt
I ha¥& eLvnpleted my exary*natiLXI. l eLNffim Ihat ￿ fftall￿ ha¥t C4)me to my attention in cThffjeclKJn wth the
exarnination giwry me cause to beli8ve ihat in any material r8SP8Ct..
acwunting records ￿rtr not kepl in respect ofth& as wuired by section 366 ofthe 2006 Aci: fx
Ihe accounts do ￿t accord v*lh Ihose words.. or
Ihe aCc￿nts do not cOm￿Y wth the acc¢)untiThJ requirwnents of sec1m￿ 396 of the 2006 Act othèr than any
requiiement that the accounts give a "lyu• and fa¥ *thich is not a matter ¢Th￿ldered as part of an
Independent examinab"on'. ¢y
the &counts ha¥e rKJt t*en wepared in acwdance *ith Ihe melhcmts prin￿￿e$ ol the Siateff￿nt of
Recommended Practice lor acctyjnting and ￿Pth"n9 by charib.es awicable to chaftties prepariro their accounts
in aeecrfdance v•ilh the Financial Repoitry Startdwd applKable in Ihe UK and Repu￿4¢ of Irelan¢J IFRS 1021.
I have
be dra
eoncems arnj have come across ￿ other maNers in COnr*c￿ with the examinatil￿ to which altentti)n should
inth
reFK¥t in orfei lo
a prcyer undwslaThJing of the acctyJnts to be rèached.
entley
oma
elrson & Sons
ountants
16 November 2023
Edward
Chartered
21, The Poont
Mawk•i Hart>orou9h
Lelc•stèrshir•
LE16 7NU

ARTS FRESCO LIMITED
statement of Financial Activities lincluding Income & Expenditure Account)
for the year ended 31 March 2023
Year •nd•d
3113123
Y•ar ended
3113122
Unr*$trlcl*d
Ftsnds
Unyestrleted
Funds
Income
Not•
Donatlon5 and ley¢ies
DonatKJns and gifts
In¢om¢ from charbtable activiti05
Grants forC￿e fundng. Mathet Harbtrough & The B(rhYJens Charrty
- Tr* Howard Watson Symington m￿n￿la1 Charity
- Arts CourKil England
. Markel kngh BLMkng So
. T1￿ Arts Society Harbwjgh
- Mdton BID Ccfnpany Ltd
- Love Lo￿ht￿T0Ugh BID Ltd
1.257
285
S,OLTh)
3.000
14.703
750
735
3,125
4.000
Fund Tal￿￿j
Sponsothp
v•$trnent Ineorno
Gifl Ah4 pay7r￿lS recwved Imm *knNJF¥y uThJ8rtaknvJ
2.233
Total Incoming vesources
29,458
11.628
enditur•
Costs of raising lund5
(k)vemancÈ & SUpp￿t
49
25
Expondlture on ¢harl¢abh a￿TIll•S
Grants paid w subsKfiwy ￿rt*"n9 tg Slagg
$tre¢t Iheatre fesb.val
25,OLk)
9,683
Governance & 5UPWt Costs
49
25
Total oJrpend1￿1•
25,098
9.733
M•1 in¢om• and n•1 mo¥ernent In fund5 fr>r th• y•ar
1,895
R•conclllatt<>n ol lunds
Tot* funds brought fmward
18.588
16.693
To￿1 fvnds cathed fon¥ard
22.948
18,5B8
The statement ol fina￿?a1 aL￿￿e5 includos *19ain$ and ￿e$ re¢fwised in Ihe year.
l a¢lfv￿.es r8Lqt8 to contiNir*3 OFÉr3tion5.
The noies on pages 8 to 10 lrym p•t oflhese finan¢o1 statemerts
Pw6

ARTS FRESCO UMITED (Company No. 08893758)
Balancg Sheot at 31 March 2023
31 March 2023
31 March 2022
Flxed A$8•ts
Investment in subsNJi¥y undertakirvj
100
100
¢urr•nt Ass•ts
Debtors
Cash al bank and in haTrJ
2.998
19.850
2,850
15.638
Total Currènt A¥stts
22.848
18.488
Crgditor5'. arnounts lallin9 duo
wSthln ono yoar
N•t Current ABs•ts
22.848
18,488
Net Ass•ts
22,948
16,588
Represented ty.
General fwxl
18,588
Total Funds
22.948
18,588
For th8 finarKid year endirrtJ 31 March 2023 ihe companywas entrt￿ to exemption frcrfn under sectKJn 477 of the
Compani?$ Act 2￿6 fthe Wl relatiThJ to smal crknpan*s.
Dir8¢tots' responsI￿.￿b"es..
. ￿ mernbers have not requff￿ Ihe c￿npanY lo audl of rts f(rf the financ#al year in que5bon in
aLxordan(* Thilh sectw 476 of the A4"
. The director5 acknO￿edge ￿s￿￿$1b￿rt* lor comth"n9 wilh the requirements of the Act wilh respect to accounti
re￿rI1$ and the preparatK)n of acccunls which gNe a true and la"rview of the state of affaKs of the cornpany at the ènd of
each flnancial year and of ils profit or loss for each finanoal year in ￿cl￿d8￿Ce with the reqU1￿MentS of the Art and whith
01he￿i$? compty with Ihe requiremthts of Ihe ￿ relalry to f￿ar￿al slaternenls. so lar 35 apF￿3b￿ to th• e4)mpany.
Thè finanthal statemants havo boon l¥epa￿ in ￿1h the wial FYovisbxts ofPart 15 ofthe CoTry)anre$ Act 20C6
relatiThJ to small CoMpan￿S.
Th8 finawal state
ts ￿•re approved by the Board of Direraors on 16 November 2023 arKI syned on its behalf by.
D.R. BerrKlge
Direct
The notes on pages 8 to 10 foThn pwt of these finanu4 slate￿nI5

ARTS FRESCO LIMITED
Notes forming part of the accounts
for the year ended 31 March 2023
Staius of Ihe cunpany
Th8 cornpany is a wivale c￿npanY limA8d by dces ha¥e a sh￿ witsl. Every member
of the company undertake5 to contribute (o the assets of the company. in the event of it being wound up
bthile helshe is a mernber. or within one year after helshe ceases to b8 a m8mber. Th8 lobility in respect of
the guarantee Is limited to £10 per member. The Memorandum and Ar￿deS of Ass￿ati￿ specify that the
eompany is a non-profii making ¢xganisation that shall apply any Income Ihal it recetv¢s in fvifilling its
objects and it is regislefed as a charity by the Chanty CoMmiss￿nerS kn EnglanLI and Wales. The
company's registgred nurnbgf aTrJ rwi$tgr8d offv address bè fo￿ld on Ihe Le9al Administrativ
Information page.
Principal accounting policr
Accounting convention
The finanryaS stalements have been prepared under the historic￿ cost conventK)n aThJ in accordance wth
Ihe Financial Repor￿n9 Slandard 102 Yhe FinanciJ Rep(wling Standard in Ihe UK and Republic
of Ireland". the Companies kt 2006 and the Sta¢￿ent of Recrmrrended Practice apPI￿able to charities
eparing theic accounts in acCo￿anCe *ith thfr Finarrial RepN¢ry Slandard aP￿Icable in the UK and
Republic of Ireland IFRS 102}- Charitie5 SORP IFRS 1021.
IU) Prwratjon of consolldated flnanclal stat•m
The financial slaternents ￿ntain inforrnat￿n atrAMJt Arts Fresco Limited as an inf1ividual charilaNe c(mpany
d do nol Contain consolK1ated f¥)ancial infi)m)atoi as Ihe parent of a group. The company has taken the
)h"on under Section 398 of tt)e Companies Act 2(*)6 the Chwi*"es SORP IFRS 1021 not to prepar•
cons0￿dated finanual stat•m•nts.
11151 Incoffle recognit5on and debtor5
Oonations are recognised in the perbjd in tr* th• is ents.tled to the ￿1p1 and *there the ar￿Unt
an be measured with reasonable cert2inty. Incorne ￿ deferTed onty the charily has io lulfill
conditKJns before be0￿Ing ¢nliled to it or Ihe (hjnor has that the inccffne is to be expenLled
in a fvture period.
In¢ome from charltablÈ actlvltles c(xmwise$ 9r¢)ss inc¢ynin9 ￿￿OUrCeS. dedudKJn of expenses.
generated from events and similar aclNibes hekl in Ihe period lo raise fund5 for the charitses activities
together Y•ith grants and sponsorship.
I￿veStMent incorne compri5e5 r8c8iplS from the compan￿$ subsidory undertaknThJ. ￿1¢h it 1$ rtiliggd to
make under its Athes of AsS(xw￿on to absorb or exbnwish any surOus that might otherwise be available
for distrityJtK)n.
16v) Resources expended and credltors
l eY￿e￿lItUre is ac¢oLmted forrth an accwaL8 bas(% WKt is rewnised when IhBre 15 a ￿al or conslwclive
t￿lIgation tts pay.
Costs of raising fvnd5 rFpresent ￿ 5peofic costs lnuJr￿ in connection *•th fund raising 8V8nt5 and
sirnilar acbvitie5 held in th• pèriod togtlher a proportron of the govemance support costs.
Expgnditur• on Charitable a¢tiwtle$ repr¢5¢nl expenditure in the fomi of grants lo Ihe subsidiary
undertaking. as approved by the rh"rectots. in acwdancs wth the tharity's obpcts together wth a
opthon ol the govemance and support cosls.
Attribution ol ¢o$ts Wherever possible costs a￿ allocated dirtttly to th? activity to vthith they relate.
Certain costs do nol in th8rnsefv8s constibJt8 an actiwty tNJt are necessariSy Inujrred to deliver the adivities.
These are known as govemance arKI supp)rt costs and tontsibJte both to rais￿9 funds to th?
charrtable a¢tiwtses. These ccK8ts are aPFAIrtM)ned the activitsès in accordance the Directors.
est*nate ofusage in ¥c￿rdanCe ￿th Noie4.
l¥}
Fund aecounting
The charity has not reeeived any funds on which ￿$￿tIlon$ have been place(1 wther by the do￿ or by lh8
lerms of any appe* by m¢an$ of Ihg funds *re raised. P£torfirwJly, the chaftty has Mly an
ursrestn'cted general ftjnd. can te useo in 8coxdanc8 Ihe chailiab￿ obpcls al the dIscret￿ft of
Ihè Trust8èS.

ARTS FRESCO LIMITED
Noles forming part of the financial statements
for the year ended 31 March 2023
Exp•nditur• On ¢harltabl• adl¥rtl•s- Grants P•yable
Durin9 Ihe y8ar the Trustees awarded grants of £25.C4JO12022". £9.683I. to its subsidkqry vndertaking
for Ihe pU￿Se of staging a St￿et Iheatre fesb.val in Ihe town of Ktsrkel Harborough 12022.. feslwals
in Market Harborough, Merton Mowbray and Lou9hborough}.
4 Governance and support ¢*)sts
Govemance and support costs comwise the cost of règistrat￿ the Infonnatw Cornmi$¥icffl8rfs
Office undèr the Data Proiecb"on PLt armj bank charges. These are apport'oned equally between cost
ofiaising f￿0$ and ex4)eNIrtu￿ cyb tha11ts￿e actmties.
5 Trustees. Remunerallon and Reimburs￿ Exp•ndilur•
None of Ihe Tnjstees received any rernur*ration for Iheir services as tntstees ol the compwy. nor as
directors ol Ihe subsidiary undertth"ThJ. The uThJertakirfj did not reimburse trvgtees for
expenses.
6 Stsff numtsers and •molurnents
The ￿rnPany had no tmploy¢*s during thè y•ar.
Nèt In¢¢)m• lorthe perlod
Net incom8 IS 5tst8d after chaving lh• •ypenses.'
Trustees, remuneratson
Independent ¢xarninerf$ fees
8 Flx•d Ass•t Inv•slnwnt In Sthldlwy Undertaklng
The ¢ompanrfs inve$trnent in its SU￿d￿￿ry uThJ8rtaking, Arts Fresco Events Limited Icornpany no.
086885241, 15 rec￿ed at the cA)st ofE100 at it was acquir8d in a ￿￿ou$ year.
The invgslrnent rnpresents 11Kl% of the issved Sha￿ caprtal of Arts Fr85co Events Limited
compri&ng 100 Ordinary Share of £1 eath_ The sole aCti￿ty of the subsidiary underlakin9 during the
year was the 51aging ol stre8t thèatre t&sliv￿$. The tolal irwme il rewved for the year vrds £28,7SO
12022". 9.6831 of which £25.OC(1 12022.. £9,683} came frorn ihe cornpany for stsgin9 a festival in
Market Harborough and £3,75012022." Nil) from urt￿nneded parties for the staging of other festivaL8.
The iotal costs incurred in connection th¢se events We￿ £25.75212022." £6,883) resutbng in a
su@us of£2,99812022.. £2.8001 IN the year.
A dause in its Artles ol AsscK4thn wuwes Arts Fresco Events Limtted to pay to the company
such amwnt as shall atssrxb or extinguish profits which kn￿￿1d Olherwt5e be awdilable to it k*r
diStributiL￿. The subsidiary therèfore paK1 £2.998 in Ihr6 y8ar {2022.. £2.223 after makin9 allowancg
for rela+ned losses brought forward).
The ag9re9ate and rÈseThts OlA￿ Events Limile(l at 31 Mardb 2022 VAS t100 {2022.'
£1001.
31 March
2023
31 March
2022
9 D•btors
Amounts due from subsidiary uThJertak4fWJ
2.998
2,850
2.998
2.850
Page 9

ARTS FRESCO LIMITED
Notes forming part of the flnanclal slatements
for the year ended 31 March 2023
31 IAarch
2023
31 March
2022
10 Cr¢ditor$
Trade ryedit
11 Related Paty Tran￿￿10th$
Arts F￿5¢0 Events Lirnited, Ihe cornpanl5 sub5Mliary undertakin9. was awarded grants of £25.000 12022..
£9.6831 by the company. in accordan(* *ith rts objects. to stage streel theatrg festivals. The subsidiary
undertaking rnade a profft of £2.99812022.. £2.8CIJI in ¢t￿neCts.0n with the evènis which. in accordance with 1¢$
Afbcles of Associatirjn. it is obliged lo pay this lo the company ￿der Gift Aid. The subsidiary undertaknn9 ow*d
th8 company £2,998 at 31 Mard) 202312022". E2.8501.
Page 10