2020-03-31-accounts

Chiltern Arts

REGISTERED CHARITY NUMBER: 1171596

FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2020

Contents

	Page
About Chiltern Arts	2
Chairman’s Report	3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 9
Detailed Statement of Financial Activities	10

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Chiltern Arts

REGISTERED CHARITY NUMBER: 1171596

Address

9 Townsend Gate Berkhamsted HP4 2FZ

Trustees who served during the year His Honour Christopher Tyrer DL David Peter Lillycrop (appointed 17 December 2019) Patricia Ann Therese Sears Alexander Taylor Christopher Glen Whitehead FCA Creative Director Naomi Taylor Objects of Chiltern Arts To advance the education of the public in the arts in all its branches, particularly music, literature and visual arts.

To promote the arts for the benefit of the public, particularly, but not exclusively, by the establishment of an annual series of events (a Festival) that aims to advance excellence in the arts as specified above.

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Chiltern Arts REGISTERED CHARITY NUMBER: 1171596 Chairman's Report Slowly but surely, we are establishing the Chiltern Arts Festtval on the cultsjral map. Although we are still working to establÈsh ftnanaal viability, we are confident that there is light atthe end of the tunnel. The lasting impact of Co¥id-19 remains ￿n￿rtaIn, however. adding to the challenges of plannin8 our 2021 Festfval. The Chiltern Arts Festival 2020 in February/March was ourfirst planned around a specific theme. The chosen theme was 'Passion Prevails,, celebrating the overcoming of adversity in its many different fom)s. We took inspiration from Beethoven, whose words 'Let your deafness no longer be a secret- even in art, were emblazoned on the cover of thts yearfs brochure. The Festival featured six eventng concerts.. the return of our popular contert and dinner event- three lunchtime cOn￿rtS all of which We￿ chosen through the Chiltern Arts Young Artist Platform, Take Note- two pre-concert talksfeaturing inteThiew5 Wlth Dame Evetyn GlÈnnie and Matthew Wadsworth- a participatory Come and Sing event. featuring an interview with OliverSoden- and a Youth M4Jsic and Art Day. We commissioned the first piece to ever be written for marimba and theorbo - Stephen Goss's The Lake of Time, which had its world premiere from Dame Evelyrk Glennie and Matthew Wadsworth. The Youth Day featured performancesfrom Tring School, Mary Hare School forthe Deaf and a massed youth band from local young people across High Wycombe and Amersham,. sessions run by Chiltem MLFsicAcademy and Amersham Music Centre offÈrin8 OPPOrturuties for young people a8ed 3-5 to try percussion instruments at3 fun interactive workshop. and for d)ildren aged 6+ totry new instruments at a Come and Try stall- a choral masterclass run by The Marlan Consort and ￿adingS of all winning and highly-commended entries to the Chiltern Arts Poetry Competition, where possible from the writers themselves. We continue to develop our connettions with local organisatK)ns. includFng the Little Mlsser7den Festival. the Hertfordshire Festival of Music, Chiltems Tourism Network and Visit Bucks. My thanks go to all volunteers, 3rb5ts, trustees, our inspirattonal Music D1￿Ctor. and most importantly, those members of the public who have supported us. All have contrib4Jted to make the year so rewarding, and I look forward with great optimism to a hugely enjoyable Festival in 2021. ChristopherTyrer 15 June 2020 Page 3

Chiltern Arts REGISTERED CHARITY NUMBER: 1171596 Independertexamintrfs rel￿tOthe Trustees ofchlttern Arts I report to the charity trustees on my examination of the ac£ounts of the Chiltern Arts (the Triistl for the year to 31 March 2020. Resporfjibilities and ba515 of report As the charty trustees of the Trust you are ￿sponsIble for the prepardth)n of the a¢¢ounts In accordance wtth the requtrements of the charit￿ Act 20111'the Art'l. I report in respect of my eXaMinat￿n of the Trust's accounts carrd out under sert)n 145 of Att and in carrying out my eKamination I have follo4￿ all apy1lcab￿ DirectK)As 8Nen by the Charity Commisslon under sectlon 145ISllb l of the Act. I have compketed my examtn3tton. I confirni that no material matters have come to my atteniion In connettion with the examination gNlnE me cause to believe that in any material rÈspectr. accounting records were not kept in resi￿￿ of the Trust as re quired ty sertion 130 of the Act,. or 2. the accounts do not accord with those records. or 3. the account5 do rK)t ¢ompty wfth the applicable reqijirements conceming the fomi and contènt of accounts set in the Charities (Accounts and Report sl Regulations 2￿)8 other than any requirement that the accounts 8Wè a true and fair view which 15 not a matter considered as part of an independent examinatton. I confirm thatthere are no other matter5to whith your attentkln S￿uld be dra*Afft to enabbe a proper under5tandin8 of the a¢COLtnts to be reached. M.G. Wortley Bramble Lod6e Colstrope Lane lambleden RG9 65L Page 4

Chiltern Arts

REGISTERED CHARITY NUMBER: 1171596

Statement of Financial Activities for the period 6 April 2019 to 31 March 2020

Notes Income from Donations Charitable activities Concerts Grants Membership Fees Other trading activities 2 Total Income Expenditure on Charitable Activities Net Income / (Expenditure)	6 April 2019 to 31 March 2020 12 mths to 5 April 2019 £ £ 25,855 40,028 33,186 41,841 16,404 0 3,200 0 52,790 41,841 2,578 2,180 81,223 84,049 87,352 95,743 (6,129) (11,694)

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Chiltern Arts REGISTERED CHARITY NUMBER: 1171596 Bala￿ Sheetas at 31 MaTth 2020 05Aprtl J>J9 FIXEDASSE15 Tanglble assets 210 Stocks DebtOfS Cash at bank and in hand 1732 24,522 11,268 CREDITORS Amounts fallin8 due within one year 18, 15351 TOTALASSE15 LESSCURRENTUABIUYIES 17.(62 Amounts falling due aftermore than one year 19),Q))I NEfASSEf5lluA8IiITIES) IR9381 I66,￿) FUNDS Llnrestricted funds blf 166,&YJI I55,1￿) DÈfidtforYear 16,1291 111.6941 TOTALFUNt6atYe*End (T4938} The financial ststemeI￿ were approved bythe Board ofTrustees on 15 JÈtne 2020 and were sl8ned on its behalf bv: C G Whttehead-Tftstee Page 6

Chiltern Arts

REGISTERED CHARITY NUMBER: 1171596

Notes to the Financial Statements for the period 6 April 2019 to 31 March 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Going Concern

The accounts have been prepared on the going concern bases because, as stated in notes 9 and 10, the loan is not repayable until after 5 years and the trustees consider that there are sufficient cash resources for the charity’s operations to continue beyond the next 12 months.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Taxation

The charity is exempt from tax on its charitable activities.

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Chiltern Arts

REGISTERED CHARITY NUMBER: 1171596

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The Charity has one employee who earned less than the ‘pensionable’ threshold. Consequently, the Trustees do not provide a workplace pension scheme.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
	2020	2019
	£	£
Advertising Income	2,578	2,180

3. TRUSTEES’ REMUNERATION AND BENEFITS

No fees were paid to a Trustee during the year. (2019 £8,325)

4. STAFF COSTS

The charity had one employee during the year (2019 nil) who has waived her right to salary and benefits.

5. TANGIBLE FIXED ASSETS

Plant & Machinery

Cost Depreciation Balance b/f Charge for year Balance at year end Net Book Value at Balance Sheet Date	At 31 March 2020 At 5 Apr 2019 £ £ 840 840 420 210 210 210 630 420 210 420

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Chiltern Arts

REGISTERED CHARITY NUMBER: 1171596

**6. **	STOCKS
		2020	2019
		£	£
	Merchandise	0	2,732

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 9. LOANS (see note 10) Trade Debtors Prepayments Trade creditors Loans repayable between 5 and 10 years Balance at start of year Loans made in the year Repaid in year Balance at end of year		31 Mar 2020 5 Apr 2019 £ £ 1,085 9,026 195 280 1,280 9,306 2020 2019 £ £ 8,950 535 6 Apr 2019 - 6 Apr 2018 - 31 Mar 2020 5 Apr 2019 £ £ 90,000 80,000 0 10,000 0 0 90,000 90,000

10. RELATED PARTY DISCLOSURES

The loan in Note 9 is interest free, from Mr A Taylor. It is repayable between 5 and 10 years. Donations from Trustees were:

	6 Apr 2019-	6 Apr 2018-
	31 March 2020	5 Apr 2019
	£	£
Mr A Taylor	12,500	30,000
His Honour Christopher Tyrer DL	2,400	1,022

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Chiltern Arts

REGISTERED CHARITY NUMBER: 1171596

Detailed Statement of Financial Activities (not part of the statutory financial statements)

INCOME Donations (incl Gift Aid) Charitable activities Ticket and bar sales Grants Membership fees Other trading activities :Advertising Income Total Income EXPENDITURE Concert Costs Performers' fees Performers' expenses Instrument hire Royalties Production team fees Concert programmes Cost of venues and staging Hospitality & bar Support costs Advertising Artistic partner's fees Administrators' fees Other consultants' fees Independent examiner's fees Bookkeeping & Accoutancy Insurance Stripe fees Postage and stationery Bad debt written off Stock written off Sundries Depreciation Total Expenditure Net Expenditure

6 Apr 2019 - 6 Apr 2018 - 31-Mar-20 5 Apr 2019 £ £ 25,855 39,778 33,186 40,383 16,404 250 3,200 1,458 52,790 42,091 2,578 2,180 81,223 84,049 41,440 48,677 366 823 6,189 3,827 1,144 426 3,389 2,743 906 3,507 5,044 7,463 1,197 2,070 59,676 69,536 12,140 4,933 0 8,325 7,191 8,574 0 1,050 0 1,200 84 153 1,436 1,007 508 615 1,076 20 1,100 0 2,732 0 1,199 120 210 210 27,676 26,207 87,352 95,743 (6,129) (11,694)

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