2021-09-30-accounts - The Grange Festival

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						Page
Reference	and Administrative		Details ofthe Charitable	Company,	its Trustees and
Advisers
Chairman's	Statement
Trustees'	Report					3-12
Independent Auditors'		Report	on the Financial Statements			13-16
Statement	of Financial	Activities				17
Balance Sheet						18-19
Statement	ofCash Flows					20
Notes to the Financial		Statements				21-39

Trustees			Nicholas Allan
			Lord Mark Ashbuiton
			Daniel Benton
			Rosamund Bernays
			Sophie Caruth
			The Rt Hon Sir Charles Haddon-Cave				(resigned 17September 2021)
			Owen Jonathan	(resigned 17	September 2021)
			Malcolm Le May
			Richard Morse, Chair ofthe Finance and General Purposes					Committee
			Timothy Parker,	Chair
			Louise Verrill (resigned 17December				2021)
Company	registered
number			09828929
Charity registered
number			1165859
Registered		office	The Grange Estate
			Estate Office
			Folly Hill Farm
			Alresford
			Itchen Stoke
			SO249TF
Independent		auditors	WR Partners
			Chartered Accountants
			Belmont House
			Shrewsbury Business Park
			Shrewsbury
			Shropshire
			SY2 6LG
Key management			Michael Chance,	Artistic Director		and	Chief Executive Officer
personnel			Michael Moody,	Chief Operations		Officer
			Rachel Pearson,	Development	Officer
			Annabel Ross, Finance Manager

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
				Note	F	F
Income from:
Donations and	legacies				1,419,642	1,419,642	2,087,441
Charitable activities					1,027,284	1,027,284	305,644
Investments					121	121	481
Other income					154,583	154,583	68,900
Total income					2,601,630	2,601,630	2,453,466
Expenditure on:
Raising funds				8	69,030	69,030	66,790
Charitable activities					3,199,448	3,199,448	1,483,301
Total expenditure					3,268,478	3,268,478	1,550,091
Net (expenditure)/income			before net losses on
investments					(666,848)	(666,848)	913,375
Net losses on	investments						(792)
Net movement	in funds				(666,848)	(666,848)	912,583
Reconciliation	offunds:
Total funds brought		forward			2,151,177	2,151,177	1,238,594
Net movement	in funds				(666,848)	(666,848)	912,583
Total funds carried forward					1,484,329	1,484,329	2,151,177

						2021		2020
				Note		6
Fixed assets
Tangible assets				13		1,609,622		822,812
Investments				14				7,757
						1,609,622		830,569
Current assets
Stocks				15	1,179		1,179
Debtors				16	533,492		200,252
Cash at bank and	in hand				197,898		1,662,499
					732,569		1,863,930
Creditors: amounts	falling		due within one
year				17	(831,267)		(477,727)
Net current liabilities		Iassets				(98,698)		1,386,203
Total assets less	current		liabilities			1,510,924		2,216,772
Creditors: amounts	falling		due after more
than one year				18		(26,595)		(65,595)
						1,484,329		2,151,177
Total net assets						1,484,329		2,151,177

			2021	2020
		Note	E
Charity funds
Restricted	funds	19
Unrestricted	funds	19	1,484,329	2,151,177
Total funds			1,484,329	2,151,177

			STATEMENT OF CASH FLOWS
		FOR THE YEAR ENDED 30SEPTEMBER		2021
					2021	2020
				Note	6
Cash flows from operating		activities
Net cash	used in operating	activities		22	(579,855)	1,394,671
Cash flows from investing		activities
Purchase	oftangible fixed assets				(884,746)	(229,612)
Net cash	used in investing	activities			(884,746)	(229,612)
Change	in cash and cash	equivalents	in the year		(1,464,601)	1,165,059
Cash and	cash equivalents	at the beginning ofthe year			1,662,499	497,440
Cash and cash equivalents		at the end ofthe year		23	197,898	1,662,499
The notes on pages 21 to39form part			ofthese financial statements

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021 6	2021 6	2021 6	2020f
Donations
Trust donations		103,000		103,000	50,000
Gift aid		239,594		239,594	222,898
Ticket donations		454,182		454,182	15,736
Friends donations		198,884		198,884	292,183
Competition	donations				4,774
Other donations		173,247		173,247	779,524
Subtotal detailed disclosure		1,168,907		1,168,907	1,365,115
Legacies					623,170
Theatre tax	relief	250,735		250,735	99,156
Subtotal		250,735		250,735	722,326
		1,419,642		1,419,642	2,087,441
Total 2020		2,082,667	4,774	2,087,441

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
			6	8	8
Ticket income			559,409		559,409	21,434
Event income						165,616
Support income			25,500		25,500	9,000
Advertisement	income		9,250		9,250
Pavilion and marquee		income	47,551		47,551
Restaurant and	bar income		213,829		213,829
Programme sales			23,415		23,415
Education programme			31,297		31,297	47,055
Shop sales			23,528		23,528
Other income			81,505		81,505	40,543
Various fund income			12,000		12,000	22,996
Total 2021			1,027,284		1,027,284	306,644
Total 2020			303,590	3,054	306,644

		Unrestricted	Total	Total
		funds	funds	funds
		2021 5	2021 5	2020f
Bank	interest	121	121	461
Total	2020	461	461

Other incoming	Other incoming
		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		8	8
Sponsorship	Income	154,583	154,583	68,900
Total 2020		68,900	68,900

Expenditure	on raising funds
Fundraising	trading expenses
		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		8	8
Fundraising	expenses	69,030	69,030	66,790
Total 2020		66,790	66,790

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2021 8	2021 8	2021 8	2020f
Ticket	income	2,387,850	811,598	3,199,448	1,483,301
Total	2020	601,956	881,345	1,483,301

			Total	Total
		Direct Costs	funds	funds
		2021	2021	2020
		6	6
Accommodation		50,627	50,627	17,183
Costumes, sets, props		298,707	298,707	226,794
Depreciation		84,952	84,952	66,038
Directors and choregraphers		118,969	118,969	47,493
Education		47,123	47,123	15,952
Festival travel and transport		13,875	13,875	6,116
Licence fees		29,778	29,778
Lighting and	sound	75,926	75,926	9,918
Model expenses		5,651	5,651	2,250
Orchestra		217,895	217,895	11,729
Performance	refreshments	3,292	3,292
Production teams		57,746	57,746	9,266
Toilet hire		26,687	26,687	800
Rehearsals		32,497	32,497	7,083
Restaurant	and bar costs	184,295	184,295
Singers and	conductors	642,853	642,853	48,547
Singing competition				51,261
Site costs		258,247	258,247	61,766
Staff costs		58,743	58,743	48
Stage and technical staff		179,987	179,987	19,712
		2,387,850	2,387,850	601,956
Total 2020		601,956	601,956

			Support	Total	Total
			costs	funds	funds
			2021	2021	2020
			6	6
Administrative	expenses		15,991	15,991	22,560
Advertising			29,718	29,718	24,998
Bank charges			19,234	19,234	14,918
Depreciation			12,984	12,984	3,264
Event expenditure			624	624	35,856
Exgratia payments					121,223
Feasability study					12,129
Freelance costs			242,115	242,115	244,375
Governance costs			40,241	40,241	11,740
Insurance			37,316	37,316	31,096
ITcosts			39,315	39,315	32,767
Legal fees					5,000
Literature and	brochures		34,500	34,500	44,500
Party and promotion		costs	10,580	10,580	13,779
Photography			27,955	27,955	1,713
Printing, postage and		stationery	33,231	33,231	31,652
Programme costs			35,076	35,076	3,764
Rent and rates			11,000	11,000	9,000
Staff costs			209,181	209,181	198,074
Telephone and	fax		5,904	5,904	4,021
Travel costs			6,633	6,633	14,916
			811,598	811,598	881,345
Total 2020			881,345	881,345

					2021	2020
					6	E
	Auditors remuneration		-audit		6,700	6,400
	Auditors remuneration		-other services		3,250	3,150
	Depreciation				97,936	69,302
	Operating lease payments				3,580	1,140
					111,466	79,992
11.	Staffcosts
					2021f	2020f
	Wages and	salaries			247,734	178,989
	Social security costs				15,916	14,806
	Contribution	to defined	contribution	pension schemes	4,274	4,327
					267,924	198,122

	2021	2020
	No.	No.
Administration	12

	Fixtures and	Computer	Other fixed
	fittings	equipment	assets	Total
	6	6	F	6
Cost
At 1 October 2020	977,731	37,674	7,470	1,022,875
Additions	9,585	45,000	830,161	884,746
At 30 September 2021	987,316	82,674	837,631	1,907,621
Depreciation
At 1 October 2020	189,195	10,750	118	200,063
Charge for the year	75,353	12,984	9,599	97,936
At 30 September 2021	264,548	23,734	9,717	297,999
Net book value
At 30 September 2021	722,768	58,940	827,914	1,609,622
At 30September 2020	788,536	26,924	7,352	822,812

				Listed
				investments
				6
	At 1 October	2020		7,757
	Additions			4,080
	Disposals			(11,837)
	Net book value
	At 30 September 2021
	At 30September 2020			7,757
15.	Stocks
			2021 K	2020f
	Shop bags		1,179	1,179
16.	Debtors
			2021 6	2020f
	Due within one year
	Trade debtors		115,951
	Other debtors		108,004	40,894
	Prepayments	and accrued income	58,802	61,128
	Tax recoverable		250,735	98,230
			533,492	200,252

						2021 6	2020f
Otherloans						39,000
Trade creditors						387,522	18,680
Other taxation		and		social security		7,778	4,176
Other creditors						5,088	879
Accruals						99,257	59,734
Deferred	income					292,622	394,258
						831,267	477,727
						2021	2020
						6
Deferred	income
Deferred	income at			1 October 2020		394,258	146,927
Resources deferred				during the year		292,622	394,258
Amounts	released		from previous		periods	(394,258)	(146,927)
						292,622	394,258

	2021	2020
	6
Otherloans	26,595	65,595

							Balance at
			Balance at 1				30
			October			Transfers	September
			2020f	Income f	Expenditure 6	in/out 6	2021 6
Unrestricted	funds
Designated	funds
Education Programme			83,024	95,880	(143,904)		35,000
2021 Festival			350,000		(350,000)
Capital Project			786,036	20,000		(806,036)
			1,219,060	115,880	(493,904)	(806,036)	35,000
General funds
General Funds - all		funds	109,305	2,485,750	(2,676,638)	(78,710)	(160,293)
Fixed Assets			822,812		(97,936)	884,746	1,609,622
			932,117	2,485,750	(2,774,574)	806,036	1,449,329
Total Unrestricted		funds	2,151,177	2,601,630	(3,268,478)		1,484,329

Statement offund	s - prior year
						Balance at
	Balance at					30
	1 October			Transfers	Gainsl	September
	2019	income	Expenditure	inlout	(Losses)	2020
Unrestricted
funds
Designated
funds
Education
Programme	56,933	53,860	(15,952)	(11,817)		83,024
2021 Festival				350,000		350,000
Capital Project				786,036		786,036
	56,933	53,860	(15,952)	1,124,219		1,219,060
General funds
General Funds-
all funds	487,543	2,401,778	(1,413,576)	(1,365,648)	(T92)	109,305
Fixed Assets	662,502		(69,302)	229,612		822,812
	1,150,045	2,401,778	(1,482,878)	(1,136,036)	(792)	932,117
Total
Unrestricted
funds	1,206,978	2,455,638	(1,498,830)	(11,817)	(T92)	2,151,177
Restricted
funds
Singing
Competition	31,616	7,828	(51,261)	11,817
Total offunds	1,238,594	2,463,466	(1,550,091)		(792)	2,151,177

Analysis ofnet assets between funds - current year
	Unrestricted	Total
	funds	funds
	2021	2021
	6	6
Tangible fixed assets	1,609,622	1,609,622
Current assets	732,569	732,569
Creditors due within one year	(831,267)	(831,267)
Creditors due in more than one year	(26,595)	(26,595)
Total	1,484,329	1,484,329

Analysis ofnet assets between funds - prior year
	Unrestricted	Total
	funds	funds
	2020	2020
Tangible fixed assets	822,812	822,812
Fixed asset investments	7,757	7,757
Current assets	1,863,930	1,863,930
Creditors due within one year	(477,727)	(477,727)
Creditors due in more than one year	(65,595)	(65,595)
Tl	2,151,177	2,151,177

Reconciliation of net	Reconciliation of net	movement	movement	in funds	in funds	to	net	cash flow	from operating	activities
										2021	2020
										6
Net income/expenditure		for	the	year	(as		per	Statement	of Financial
Activities)										(666,848)	912,583
Adjustments for:
Depreciation charges										97,937	69,302
Fixed asset Investment		additions		(donated)						(4,080)	(3,992)
Gains on investments											792
Disposal offixed asset		investments								11,837
Decrease/(increase)	in	debtors								(236,217)	189,749
Increase in creditors										217,516	199,642
Increase/(decrease)	in	loans									26,595
Net cash provided	by/(used		in)	operating		activities				(579,855)	1,394,571