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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|||
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||||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|
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|||||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|
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||||||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|||||||
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||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||
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|||||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||
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|||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||
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|||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||
##
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|||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||
##
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||||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||
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|||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||
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||||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.|
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|||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|
##
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|||||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|
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|||||||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|
##
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|17.|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|
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|||||||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|
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