**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| Page 1 **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. Page 2 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 carr*d 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)**| |---|---| Page 5 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. Page 7 **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| |---|---| Page 8 **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| Page 9 **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)**| |---|---| Page 10