2023-09-30-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 ofFinancial	Activities				17
Balance Sheet					18 - 19
Statement ofCash Flows					20
Notes to the Financial	Statements				21-39

			THE GRANGE	THE GRANGE	FESTIVAL
			(A Company	Limited	by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS				OF THE CHARITABLE COMPANY, ITSTRUSTEES AND
			ADVISERS
			FOR THE YEAR ENDED 30SEPTEMBER2023
Trustees			Nicholas Allan
			Lord Mark Ashburton (resigned		25 September 2023)
			Oliver Baines (appointed	2 May 2023)
			Daniel Benton (resigned	20 February 2024)
			Rosamund Bernays
			Caroline Greenhalgh
			Malcolm Le May
			Sir Richard Mantle (appointed		10April 2023)
			Richard Morse (resigned	4 October 2022)
			Timothy Parker (resigned 25 July 2023)
			Douglas Rae (appointed	4 April	2023)
			Bindesh Shah (appointed 6April 2023)
			Philip Williams (appointed 4 Apdil 2023)
Company	registered
number			09828929
Charity registered
number			1165859
Registered		office	Estate Office
			Folly Hill Farm
			Itchen Stoke
			Alresford
			Hampshire
			8024 9TF
Patrons			Lord Mark Ashburton (from 25 September 2023)
			Lady Sophie Ashburton	(from 25 September 2023)
Independent		auditors	WR Partners
			Chartered Accountants
			Belmont House
			Shrewsbury Business Park
			Shrewsbury
			Shropshire
			SY26LG
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	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
		Note	5	E	6	5
Income from:
Donations and	legacies		2,019,617	86,000	2,105,617	2682,210
Charitable activities			1,294,087		1,294,087	1,180,185
Investments			2,720		2,720	91
Other income			164,997		164,997	gr,soo
Total income			3,481,421	86,000	3,567,421	3,959,986
Expenditure on:
Raising funds		8	81,380		81,380	69,600
Charitable activities			3,380,520	86,000	3,466,520	3,564,983
Total expenditure			3,461,900	86,000	3,547,900	3,634,583
Net movement	in funds		19,521		19,521	325,403
Reconciliation	offunds:
Total funds brought forward			1,809,732		1,809,732	1,484,329
Net movement	in funds		19,521		19,521	325,403
Total funds carried forward			1,829,253		1,829,253	1,809,732

				2023		2022
		Note		E
Fixed assets
Tangible assets		13		1,494,192		1,599,922
				1,494,192		1,599,922
Current assets
Debtors		14	775,223		744,062
Cash at bank and	in hand		94,942		108,698
			870,165		652 760
Creditors: amounts	falling due within one
year		15	(535,104)		(580,950)
Net current assets				335,061		271,810
Total assets less	current liabilities			1,829,253		1,871,732
Creditors: amounts	falling due after more
than one year						(62000)
				1,829,253		1,809,732
Total net assets				1,829,253		1,809,732
Charity funds
Restricted funds		17
Unrestricted funds		17		1,829,253		1,809,732
Total funds				1,829,253		1,809,732

					2023	2022
				Note
Cash flows from operating	activities
Net cash used in operating	activities			20	140,683	55,524
Cash flows from investing	activities
Purchase oftangible fixed assets					(67,844)	(144,824)
Net cash used in investing	activities				(67,844)	(144,824)
Cash flows from financing	activities
Repayments of borrowing					(86,595)
Net cash (used in)/provided by financing			activities		(86,595)
Change in cash and cash	equivalents	in	the year		(13,756)	(89,200)
Cash and cash equivalents	at the beginning		ofthe year		108,698	197,898
Cash and cash equivalents	at the end	of	the year	21	94,942	108,698
The notes on pages 21 to 39form part ofthese financial statements

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2023f	2023f	2023f	2022
Donations
Trust donations	7,000	86,000	93,000	57,500
Gift aid	293,748		293,748	253,506
Ticket donations	556,824		556,824	524,253
Friends donations	246,023		~,023	263,372
Other donations	287,595		287,595	261,368
Various fund income	70,440		70,440	347,186
	1,461,630	86,000	1,547,630	1,707,185
Legacies				2,500
Grants				350,000
Theatre Tax Relief	557,987		557,987	622525
	557,987		557,987	975,025
Total 2023	2,019,617	86,000	2,105,617	2,682,210
Total 2022	2,627,210	55,000	2,682210

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
				E	K
	Ticket income			633,225	633,225	622,436
	Support income			41,512	41,512	24,144
	Advertisement	income		21,100	21,100	19,675
	Pavilion and marquee		income	58,259	58,259	46,869
	Restaurant and	bar income		276,940	276,940	282,601
	Programme sales			25,577	25,577	26,900
	Education programme			78,306	78,306	35,041
	Shop sales			26,807	26,807	44,585
	Other income			132,361	132,361	77,934
	Total 2023			1,294,087	1,294,087	1,180,185
	Total 2022			1,180,185	1,180,185
6.	Investment income

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		6	K	5
Bank	interest	2,720	2,720	91
Total	2023	2,720	2,720	91
Total	2022	91	91

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		E		6
Sponsorship	Income	164,997	164,997	97,500
Total 2023		164,997	164,997	97,500
Total 2022		97,500	97,500

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
				6
Fundraising	expenses	81,380	81,380	69,600
Total 2023		81,380	81,380	69,600
Total 2022		69,600	69,600

		Activities
		undertaken	Support	Total	Total
		directly	costa	funds	funds
		2023	2023	2023	2022
		6	6		5
Direct	and support costs	2,583,549	882,971	3,466,520	3,564,983
Total	2023	2,583,549	882,971	3,466,520	3,584,983
Total	2022	2,682,304	882,679	3,584,983

			Total	Total
		Direct costs	funds	funds
		2023	2023	2022
		8	K
Staff costs		18,176	18,176	71,330
Depreciation		154,578	154,578	141,467
Singers and conductors		322,619	322,619	454,273
Licence fees		(10)	(10)	4,000
Production staff		122,280	122,280	136,574
Model expenses		5,461	5,461	s,rre
Stage and technical		23,125	23,125	25,813
Production manager		37,492	37,492	30,703
Orchestra		302,093	302,093	230,203
Stage managers and crew		176,061	178,061	'l61,317
Catering costs		258,626	258,626	232,411
Rehearsal rooms		27,167	27,167	35,106
Toilet hire		34,268	34,268	30,932
Sets, costumes and props		445,723	445,723	452,607
Lighting and sound		61,970	61,970	51,900
Site costs		177,226	177,226	145,304
Music staff		56,708	56,708	76,980
Transport and accomodation		45,497	45,497	55,030
Prizes (Singing competition)		12,500	12,500	7,500
Rehearsal refreshments		3,308	3,308	6,609
Theatre refurbishment		7,541	7,541	16,76'l
Education		73,381	73,381	62,626
Art and shop purchases		18,948	18,948	34,714
Fees payable under lease		51,662	51,662	62,200
Jazz and other production	costs	147,149	147,149	150,166
Total 2023		2,583,549	2,583,549	2,682,304
Total 2022		2,682,304	2,662304

		Support	Total	Total
		costs	funds	funds
		2023	2023	2022
Staff costs		278,686	278,686	249,946
Depreciation		18,996	18,996	13,057
Temporary staff		4,870	4,870	11,147
Advertising		3,747	3,747	3,738
Literature and brochures		40,129	40,129	34,254
Filming and photography		19,478	19,478	1,688
Party and promotion	costs	25,071	25,071	27,501
Freelance costs		265,804	265,804	279,411
Insurance		17,823	17,823	54,115
Travel costs		22,365	22,365	13,697
Printing, postage and	stationary	40,814	40,814	33,338
Miscellaneous expenses		19,235	19,235	23,923
Telephone		5,017	5,017	4,286
ITcosts		34,469	34,469	35,478
Bank and credit card	charges	16,391	16,391	23,339
Rent and rates		14,500	14,500	18,000
Programme costs		33,540	33,540	36,606
Audit and professional	fees	17,252	17,252	19,155
Marketing costs		4,784	4,784
Total 2023		882,971	882,971	882,679
Total 2022		882,679	882,679

			2023f	2022f
Auditors	remuneration	-audit	6,785	7,375
Auditors	remuneration	-other services	3,265	3,575
Depreciation			173,574	154,524
Operating	lease payments		4,164	3,129
			187,788	168,603

Staff costs
				2023	2022
				6
Wages and	salaries			270,533	296,037
Social security costs				20,335	20,350
Contribution	to defined	contribution	pension schemes	5,994	4,669
				296,862	321,276

2023	2022
No.	No.

		Catering	Fixtures and	Computer	Other fixed
		equipment	fittings	equipment	assets	Total
		6	6		6	5
	Cost
	At 1 October 2022		1,104,553	92,699	855,193	2,052,445
	Additions	49,504	5,390	12,950		67,844
	At 30 September 2023	49,504	1,109,943	105,649	855,193	2,120,289
	Depreciation
	At 1 October 2022		349,448	36,791	66,284	452,523
	Charge for the year	4,300	93,265	18,996	57,013	173,574
	At 30September 2023	4,300	442,713	55,787	123,297	626,097
	Net book value
	At 30 September 2023	45,204	667,230	49,862	731,896	1,494,192
	At 30September 2022		755,105	55,908	788,909	1,599,922
14.	Debtors
					2023	2022
	Due within one year
	Trade debtors				56,655	23,585
	Other debtors				73,309	76,22f
	Prepayments and accrued	income			78,810	21,73f
	Tax recoverable				566,449	622,525
					775,223	744,052

				2023	2022
Otherloans				2,000	26,595
Trade creditors				217,504	172784
Other taxation and		social security		4,902	6,380
Other creditors				1,156	5,496
Accruals				111,391	150,461
Deferred	income			198,151	219,234
				535,104	580,950
				2023	2022
Deferred	income
Deferred	income at 1 October 2022			219,234	292,622
Resources deferred		during the year		198,151	219,234
Amounts	released	from previous	periods	(219,234)	(292,622)
				198,151	219,234

						Balance at
		Balance at 1				30
		October			Transfers	September
		2022	Income	Expenditure	in/out	2023
			8		E	K
Unrestricted funds
Designated funds
Education Programme		40,027	104,183	(127,311)		16,899
General funds
General Funds - all	funds	168,783	3,377,238	(3,161,015)	(67,844)	318,162
Fixed Assets		1,599,822		(173,574)	67,844	1,494,192
		1,769,705	3,377,238	(3,334,589)		1,812,354
Total Unrestricted	funds	1,809,732	3,481,421	(3,461,900)		1,829,253
Restricted funds
Anna - Restdcted funds			86,000	(88,000)
Total offunds		1,809,732	3,567,421	(3,547,900)		1,829,253

Statement offunds (continued)
Statement offunds - prior year
					Balance at
	Balance at				30
	1 October			Transfers	September
	2021	Income	Expenditure	rnlout	2022
		6		6	6
Unrestricted funds
Designated funds
Education Programme	35,000	92541	(87,514)		40,027
Generalfunds
General Funds - all funds	(160,293)	3,812,445	(3,392,545)	(89,824)	169,783
Fixed Assets	1,609,622		(154,524)	144,824	1,599,922
	1,449,329	3,812445	(3,547069)	55,000	1,769,705
Total Unrestricted funds	1,484,329	3,904,986	(3,634,583)	55,000	1,809,732
Restricted funds
Fixed assets		55,000		(55,000)
Total offunds	1,484,329	3,959,986	(3,634,583)		1,809,732

						Unrestricted	Unrestricted	Total
							funds	funds
							2023	2023
							6
	Tangible	fixed	assets				1,494,192	1,494,192
	Current assets						870,165	870,166
	Creditors	due	within	one year			(535,104)	(535,104)
	Total						1,629,253	1,829,253
	Analysis	ofnet assets between			funds - prior year
							Unrestricted	Total
							funds	funds
							2022	2022
								8
	Tangible	fixed	assets				1,599,922	1,599,922
	Current assets						852 760	852 760
	Creditors	due	within one year				(580,950)	(580,950)
	Creditors	due	in more than one year				(62,000)	(62000)
	Total						1,809,732	1,809,732
20.	Reconciliation		ofnet movement		in funds to net cash flow from	operating	activities
							2023	2022
	Net income for the year (as per Statement of Financial Activities)						19,521	325,403
	Adjustments		for:
	Depreciation charges						173,574	154,524
	Decrease	in stocks						1,179
	Decrease/(increase)			in debtors			12,849	(210,570)
	Decrease	in creditors					(65,261)	(214,912)
	Net cash	provided by operating			activities		140,683	55,824