2023-10-31-accounts

Trustees’ Annual Report for the period

From 1 NOVEMBER 2022 (Period start date) To 31 OCTOBER 2023 (Period end date)

Charity name: WATERPERRY OPERA FESTIVAL

Charity registration number: 1177966

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Objects as stated in the Constitution are as follows: 1.1 For the public benefit, to promote and advance the arts, by establishing and maintaining an Opera Festival for the public’s appreciation of, and engagement with, opera, music and related arts. 1.2 For the public benefit, to promote and advance education, by training young artists in the presentation of opera, music and related arts, as part of the Opera Festival referred to in 1.1 above
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	All our activities aim to deliver in line with our agreedMission, namely to create a unique and innovative Opera Festival based at Waterperry House & Gardens in Oxfordshire. In particular, we aim to: Make our work accessible and inclusive – by developing new diverse audiences for opera, producing work in English where possible and offering affordable tickets to our audiences Create socially relevant work – by making it meaningful to today’s audiences through an exploration of contemporary social issues and timeless themes that touch the very nature of the human condition Bridge the gap between artists and audiences - by offering innovative and site- responsive work, pushing the boundaries of the operatic form, and producing talks, masterclasses and workshops to inform, encourage and inspire

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		Support a diverse community of young artists and creatives – by offering equal opportunity for all, growing a company from a broad variety of backgrounds and developing diverse emerging talent on our Young Artist Programme Look to the long term, by creating a sustainable company that will be here to support artists and audiences for years to come and make care for the environment central to all we do
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm they have had regard to the Charity Commission guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	Waterperry Opera Company does not make any grants.
Policy on social investment including program related investment	Para 1.38	A key objective of our Mission Statement is to develop and broaden knowledge of opera for as wide an audience as possible by providing accessible opportunity to discover, experience and participate in the art form and this is at the heart of planning all future activities
Contribution made by volunteers	Para 1.38	As always, Waterperry Opera Festival could not function without the significant support it receives from volunteers, many of whom return year after year. A wide range of roles are covered by volunteers including: kitchen/catering duties for cast and crew, cleaning’ housekeeping, box office and stewarding throughout the Festival itself, the period preceding the Festival opening and various preparatory work beforehand. Total volunteer hours were recorded as 1,028; at £11 per hour, the total volunteer input has been valued at £11,308 as stated and included in the CC17 financial report.
Other		Not applicable

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Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The 2023 Waterperry Opera Festival took place on the Waterperry Estate between Friday 11 and Sunday 20 August 2023. Our 2023 festival was an evolution of our successful 2022 festival. As in previous years, the many and varied spaces available on the Waterperry Estate were used to maximum advantage to provide a unique experience for audiences. The programme was led by 5 performances of Carmen(Bizet), conducted by Festival Musical Director, Bertie Baigent,which was staged in front of the main Waterperry House façade. Audiences enjoyed performances in the open-air auditorium on the front lawn, with many taking their picnics in our dining pavilion. In the amphitheatre, we produced Waterperry’s first double bill, a production of Acis and Galatea_by Handel, and_Dido and Aeneas_by Purcell. The production was musically directed by Michael Papadopoulos and directed respectively by Rebecca Meltzer and Guy Withers. We revived our critically acclaimed production of Jonathan Dove’s_Mansfield Park, performed in the intimate period setting of the Waterperry Ballroom. The production also toured to Kirtlington Park and to The Marylebone Festival in London. We embarked on our first co-production as an organisation, a partnership with Opera Holland Park, to deliver a new staging of Roald Dahl’s Revolting Rhymes. This production toured around the UK, including to the Roald Dahl Museum in Great Missenden, before landing for performances at the festival in August. The garden played host to a number of different performances during the festival. These included the revival of our production of_Peter Rabbit’s Musical Adventure_for families, a staging of_King Harald’s Saga_by Judith Weir, and a new dance staging of Vivaldi’s_Four Seasons_. The_Four Seasons_ project was an evolution of our successful educational project_Figures in the Garden_ from 2022. Dance students from Trinity Laban Conservatoire of Music and Dance and musicians from Oxfordshire County Youth Orchestra worked alongside

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professionals for several months, preparing
for performances at the festival.
We also hosted our first ever Waterperry
Prom night, including popular orchestral and
operatic repertoire, with a flurry of fireworks
to finish off the evening.
Our Young Artist Programme returned in
2023: we took on once again a new cohort of
emerging artists and creatives. The
programme supports promising young
practitioners (singers, directors, designers,
musical directors) who are given the
opportunity to gain experience in a
professional environment together with
coaching, mentoring and careers advice. The
YA Programme was led by Rebecca Meltzer,
supported by Head of Music Ashley
Beauchamp. As well as taking part as the
chorus in_Carmen_, there was a Young Artist
Gala of material from the opera repertoire,
also presented in the ballroom.
As in previous years, there was also a series
of pre-show talks by industry professionals
and prominent artists, and singing workshops
held in Waterperry House. More details are
available on the website, including quotations
from various sources in support of the festival
and its achievements.
(http://www.waterperryoperafestival.co.uk).
A total of 4,970 attendees came to the festival
in 2023; concessionary discounted ticket
prices were made available to unwaged,
disabled, students and NHS staff to support
our objective and commitment to
accessibility. In summary, our festival
performances were a great success, and we
were very pleased to receive excellent
audience feedback. We achieved our largest
total audience figures ever with record ticket
sales. The scale and ambition of our activities
this year resulted in a small loss for the year
which reduced our reserves but provided us
with the experience to better manage our
growth in the future.
In December 2022, we also undertook a short
tour of performances of our_Messiah by_
Candlelight, including two shows at our home
at Waterperry, both enthusiastically received.

We are very thankful for the support of the Waterperry Estate which enables us to deliver our Festival in this very beautiful place and to our team of volunteers who undertook a variety of roles including kitchen catering

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duties, housekeeping, cleaning, box office, stewarding and general assistance.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	The key objective of Waterperry Opera Festival is to produce a successful, good quality and financially sound Festival which meets our constitution’s ‘Objects’ and ‘Mission Statement’ as referred to above. Balancing the increased revenues and costs of the Festival as it grows posed some financial challenges and resulted in an unbudgeted loss. However the amount was within manageable margins as the CEO and his team mitigated the risks while maintaining artistic values, and, with some additional donations, the reserves brought forward covered the shortfall. Invaluable lessons were learned by the team in managing growth and the Board are satisfied the Charity remains financially sound. The Festival is now well established on the national opera calendar and has attracted much positive comment and support from all quarters including the opera community nationally and local institutions together with positive feedback from audiences and all those involved in curating the Festival.
Performance of fundraising activities against objectives set	Para 1.41	Fundraising was continuous throughout the year, and overall delivered in line with the budget. Several new approaches were used in the year.
Investment performance against objectives	Para 1.41	Not applicable: there are as yet insufficient funds to consider investment separate from the business as usual current account

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Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Income- £615.3k, comprised: Donations/Grants - £151.5k (Including gift aid of £21.1k) Charitable Activities - £341.6k (Including TTR of £94.5k) Other Trading Activities - £23.6k In Kind Support Valuation - £95.5k Other - £3.1k Expenditure- £629.2k, comprised: Fundraising - £1.8k Charitable Activities – £413.2 k Other Trading - £12.1k Core Support Costs – £106.6k In Kind Support Valuation - £95.5k Net Expenditure 2021/2022- -£13.9k Total Funds Carried Forward£6.7k (All unrestricted) Cash Balance– at the end of the financial year, the combined cash balance in the two bank accounts (Virgin Money and Metro) was £18.4k Overall summary– At the end of the year the charity carried forward funds of £6.7k, a reduction from the previous year’s £20.6k. While the reduction was disappointing it reflected the challenges of growth, and, with some additional donations, the CEO and his team were able to successfully manage the increased scale and ambition of the Festival within the boundaries of the charity’s reserves. That experience will be hugely beneficial in the future and has been incorporated into the planning for the 2024 festival. Loans outstanding at year end– loans totalling £47,500 were outstanding at year end. These were required for cash flow purposes, as a material asset in the balance sheet, Theatre Tax Relief for the financial year, requires approved accounts to obtain the funds from HMRC
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The current policy on this (last agreed in February 2021) identifies a target Financial Reserve of £20,000. The budgets and financial plans take account of this as best possible. In line with this policy and regardless of the level of reserves/surplus funds, the trustees review the financial situation at each board meeting, and in the early months of the

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		calendar year make a call on the viability of that year’s festival, with the option to cancel unless the financial situation, both actual and expected, is acceptable to all.
Amount of reserves held	Para 1.22	The level of reserves on the Balance Sheet at the end of the Financial Year was £6,676
Reasons for holding zero reserves	Para 1.22	Not applicable
Details of fund materially in deficit	Para 1.24	Not applicable
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	Based on the agreed budgets for the financial year, along with regular monitoring of the current and expected outcomes, as mentioned earlier, the trustees are satisfied the charity is a going concern.

Explanation of any uncertainties about the charity continuing as a going concern Para 1.23	Explanation of any uncertainties about the charity continuing as a going concern Para 1.23	Based on the agreed budgets for the financial year, along with regular monitoring of the current and expected outcomes, as mentioned earlier, the trustees are satisfied the charity is a going concern.
Additional information (optional) You may choose to include further statements		where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The primary funding sources are: Donations – individual and in the form of sponsorship Ticket Sales Grants HMRC support via Gift Aid and Theatre Tax Relief (TTR)
Investment policy and objectives including any social investment policy adopted	Para 1.46	All funds are held currently in a non interest bearing current account and an interest bearing deposit account
A description of the principal risks facing the charity	Para 1.46	The principal risks to which the charity is exposed are:  Low level of ticket sales, leading to reduced income  Insufficient fund-raising  Delivery of poor audience/customer outcomes at the Festival, which could lead to a more challenging environment for ticket sales at the following year’s festival  Bad weather which causes cancellation(s) of open-air productions at the Festival (although the conditions attached to ticket sales mitigates the financial risk of a cancelled performance)
Other		Not applicable

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Structure, Governance and Management

Description of charity’s trusts:		Not applicable
Type of governing document	Para 1.25	Constitution (revised in October 2018, and again in 2023)
How is the charity constituted?	Para 1.25	The charity is constituted as a Charitable Incorporated Organisation (CIO)
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are selected via open advertisements followed by interviews. The existing trustees make the new appointments

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	John Meltzer (Trustee) has declared himself to be a connected Person, being the parent of Rebecca Meltzer (Director of the Young Artist programme) and a member of the governing body of SPES, who own Waterperry House
Other

Reference and Administrative details

Charity name	WATERPERRY OPERA FESTIVAL
Other name the charity uses	NONE
Registered charity number	1177966
Charity’s principal address	WATERPERRY OPERA FESTIVAL C/O Orchard Barn Ilmer Buckinghamshire HP27 9RA

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Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	Judith Tew	Chair		WOF Board of Trustees
	John Meltzer	Trustee		As above
	Mark Wilde	Trustee	Resigned February2023	As above
	Howard Gatiss	Trustee		As above
	Sue Wilkinson	Trustee		As above
	Roger Dix	Trustee and Treasurer		As above
	Jeremy Young	Trustee and CompanySecretary		As above
	Giles Bethule	Trustee	Appointed 22 May2023	As above
	Sebastian Munden	Trustee	Appointed 22 May2023	As above

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

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Funds held as custodian trustees on behalf of others

Description of the assets NONE held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address	Type of adviser Name Address	Type of adviser Name Address
TTR adviser	Graham Suggett	Creative Tax Reliefs Ltd, Chorley New Road, Bolton, BL1 4QZ
Independe nt Examiner	Tom Wilcox	Counterculture Partnership LLP, Unit 115 Duce House, Duce Street, Manchester, M1 2JW

Name of chief executive or names of senior staff members (Optional information)

Guy Withers (CEO and Artistic Director)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Not applicable

Other optional information

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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Judith Tew
	Chair
	6 February 2024
	6 February 2024

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CHARITY COMMISSION FOR ENGLAND AND WALES Wate ra Festival 117T966 riod Annual accounts for the PÈrth $tsrt datè 0111112022 Tts per￿ date 3111012023 Section A Statement of financial activities Unrostrlctod Restrlcted com• fvnds Totalfutwts Prlor year nds Ro¢¢)Mmond•d¢atv￿x￿$ by actfvty Incomlng r•stsur£￿ (Not• 31 Incom•and •ndowment• from.. F01 F￿2 F04 F05 Don8￿ng and leoades ch￿£b￿ S01 115,678 313,422 23,574 131,348 28,222 247,026 341.644 23,574 181.443 233.615 11,032 $02 (Xh8Ttrading s￿rth5 S03 S04 Soparale m&ienal I￿L￿ (Xhèr 505 3,083 3,083 S06 Tot81 Ru0￿r￿S gxppndgd (Note 6) Expgndttur•on'. Ralng fund& Chartabk aclriths 507 455,757 159,570 615,327 426,090 $08 1.28e 4￿,425 SW 164,910 1.786 615,339 3.911 413,089 509 S•p8r&ie •molgxpens• 3,448 420.448 Total 463,82 165,410 629.236 Not In¢omel(expendl￿T0l bofore Invostment galnslllosstsl I 9￿1￿5$(b)￿Se5IOTh ￿￿>1m￿niS Net Incomo118xpondlturel Extraordinary items Transfers bohv8on fund8 Olhèr r•co#nlsad galnsllloss¢sl: 13,909 5,642 S14 13,909 5,642 $18 on ￿lUdI￿N offixtrd fvrtht US (Xh8Tgain51lk>s5851 Notmovement In fvnd$ $20 13.909 5.642 Rown¢lll•llon of fvnd$." Toial bn>ughtf0￿4 Totsl fvnd$ ¢•rrI￿ fonv•rd 521 14,745 e,e78 20.585 6,676 14.943 20.585 $22 12

Guidance Notes Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 Total fixed assets B05 Current assets Stocks (Note 18) B06 Debtors (Note 19) B07 Investments (Note 17.4) B08 Cash at bank and in hand (Note 24) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 20) B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 27) B17 Restricted income funds (Note 27) B18 Unrestricted funds B19 Revaluation reserve B20 Total funds B21 Signed by one trustee on behalf of all the trustees:	Unrestricted funds Restricted income funds £ £ F01 F02	Unrestricted funds Restricted income funds £ £ F01 F02	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
	-	-	-	-
	1,682	-	1,682	2,660
	-	-	-	-
	-	-		-
			-
	1,682	-	1,682	2,660
	-	-	-	-
	95,875	-		42,785
			95,875
	-	-	-	-
	18,359	-	18,359	26,125
	114,234	-	114,234	68,909
	109,240	-		50,984
			109,240
	4,994	-	4,994	17,925
	6,676	-	6,676	20,585
	-	-		-
			-
	-	-	-	-
	6,676	-	6,676	20,585
	-		-	-
		-		5,840
			-
	6,676			14,745
			6,676
			-
	6,676	-	6,676	20,585
	Judith Tew 6 Feb 2024

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Section A Independent Examiner’s Report

Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report

WATERPERRY OPERA FESTIVAL 31 October 2023 Charity no (if any) 1177966 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/10/2022. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 1-41

Since the Charitable company’s gross income exceeded £250,000, your Independent examiner must be a member of a body listed in section 145 of the 2011 Act. examiner's statement I can confirm that I am qualified to undertake the examination by virtue of being a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Relevant professional qualification(s) or body (if any):	Date:
		6th February 2024
	Tom Wilcox

1

Oct 2018

IER

Counterculture Partnership LLP

Address:

Ducie House Unit 115, 37 Ducie Street, Manchester, England, M1 2JW

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER

Cash Flow Statement f r th Year Ended 31 202 31.10.23 31.10.22 Notes Cash flows from operating activities Cash g¢neratd from operaiiot)s {7,785) 14,718 Net cash provided byl(used in) operating activitie5 {7.785) 14.718 Cash flows from ittvesting Activities Purch&8e of tangible fjxed &￿tS Sale of tangibl¢ fixd as8¢ts Intercst receiv (2,8111 19 Net cash proTrrfded by ffinvestlng actffivffitles 19 (2,8111 ChaDge cash and ¢•sh equlvalents the reportlng perlod {7,766) 11,907 C8sh aDd ￿5￿ equiv8lents 8t the beginning of the reporting period 26,125 14,218 Cash aDd ea5h equivalents at tbe end of tbe reporting period 18.359 26,125 14

Wat eta Festival Fl nt 3rEn RECONCILIATION OF NET INCOMEI(EXPENDITURE)TO CASH FLOW FROM OPEIi4TING AcfITriTIES 31.1023 31.10.22 Nttincomelleipenditure) for the re￿rtillE ptrlod {xs per the Stgtemttttof Fittath¢i#l AdivitiÈ%) Adjusttllents for: D¢pr¢ciatio {Gainyloss on disposal of fixed a5S¢ts Jnt¢T¢St T¢c¢iv¢d IIncreas¢ydecrease in debtors Jncr¢asclld¢crcasel in crcditor8 113,909) 5.642 978 978 Il9} 153.091} 58256 132.1781 40276 NetcAsh provffided byl{used In)operadonJ 17.785} 14.718 ANALYSJSOF CHANGES IN P4ET FUNDS At31.10.22 C*8h Flosy At31.1023 Netcash Cash in battk and in hattd 26,125 17.766} 18.359 Totsl 26,125 17.766} 18.359 15

Section C Notes to the accounts Nots1 8aJl$ of preparat Thls s6ctlon shouldbo Complet￿bY 811 charttles. 1.1 Basis of accountirwJ Thes8 accfxjnts hav8 b8en pr8par8d under the hi8torial cost conventbn wlth ttems r8cogned at cost or transactbn value Un￿SS oth8rwi88 slatsd in th8 re￿vaTht mtalsl to Ihe8e accounts. Th8 accounts have beèn r8 ared In accordart8 wkh.. the Stslemenl of ReGotnrTEnded PraGbGe'. AcGounting and Rewrting by Char prepari th8ir accounts In accordance wth tt)& Financ&g1 RepNting Standard app1kab￿ i) the UK and Repubk of Ir8kThJ IFRS 1021 i8SU8d on 16 Juty 2014 ' and with" . and with. the F￿anc￿l Rewting Standard appkabb n the United ￿n9(1)M aThJ Repul4￿ of IreLgnd IFRS 1021 and with the Charitw Act 2011. The charty constrtut85 a entity as d8fn8d by FRS 102." NOT APPLICABLE -r￿k as oppn>priote 12 Golng ¢on¢ern If èrnmaterfal uncertalntles rtlated to evertls orcondltlons that castsl#nlfi¢arttdotsbt on thè ch•fftlly's abllfty to contlnu• as 8 golng concW￿. pleas8pmvld• the followlng d8tll8 orstt•"Not 8ppllc•ble'. M8ppmpl8t•.' expknatK)n as to tho$e fa¢tors Ihat supwtthe conclus￿n Ihat the charty L% a going concern,. The WaterPe￿ Op¢ra F¢stival i ¢on$idBr¢d t¢ b¢ • Going Con¢gm and th•Yo aro no Matorfal Unc•rtalntles. D6¢bsure of any un¢¢rtaintiBs Ihat make going concern assumplknn doubtful., NONE Where accounts are ml prepared on a going onGern basi5. fvse d￿G￿Se IhE faGt together the basis on wh￿h thè truste8s prepared th8 accounts and th8 reason why the charty is not rtyarded a5 a going concern. NOT APPLICABLE 1J Change of accounting policy The accounts present a true and fair and the accounting pok*s adopted arè thDSè ouli)èd li notè l }. -Tith as app￿p￿at0 (Q tho naturn ol the ¢hans¥e In a¢countlngpolky,- NOT APPLICABLE fl4 therea￿￿8 whyapplylftg the now accouftllny polky pmvldes rnorerellabloand rnorerelovant Inlom?atlon,' ond NOT APPLICABLE (111) the amount of the 8dJustm•nt foreach Iln• 8ff8ctsd In the curn8ntperfod, each prforpwlod presented and the R9reg4tO 47mount of the adjustment rel47tinq lopwpods btrfort those présènted. 144 FRS 102 SORP. NOT APPLICABLE 16

1.4 Chang9$ to a¢¢ounUng ¢$llmatgJ No Ghanges lo acGountiry estimate5 have oGGurred n Ihe rewting perKMI13.46 FRS 102 SORPI. Yés" -T￿￿ as appropriate (O the nturn of any changes.. NOT APPLICABLE (14 thé •ff•ct of th• ¢hèn#e Incom• and exp￿8• ar ass•ts &ndll8bllttles forth• cun•ntpertod.' &nd NOT APPLICABLE flll) wh8tvprnctkabl4 the •ff8Ct of the change In on• or rnore fuluTrpertod& NOT APPLICABLE 1.5 Matèrfal prforyèar èrrorA No malerwl prw)r y88r 8rroT hav8 b88n ¥Jent￿d In Ih? raportng peT)d13.47 FRS 102 SORPI. Yes. -TKk as apprDpriale No" Please dlscloso.. (Q thonature olthe prtorpertod effor,. NOT APPLICABLE (li? foreoch piiorpwiodprosented in the accounts. the amount of the lor¢a¢h •¢coyntlin¢ ilw 8ff6ct8d.' and NOT APPLICABLE (iiij the amount of Iljo Corr￿1￿0￿ al th6 b6ylnnlny of th• eat*l8sI phorpehodpresent8dln the accounls. NOT APPLICABLE 17

Section C Notes to Ihp accounts Icontl Not• 2 AccountlngWkK91 2.2 INCOME stinLlaré WsloficcDUnthgpD￿5h•sb#On •ppl&dbytb• chdnly•xc•pl forthos• 1kk•&'￿.or'￿S'. dhY•rnnfor R•c•irdonotlncrffi Those AT• lThthd•d Ihè SLit8mThl of FknanclilAct￿￿￿1g (SoFAl%th•n' ihp be(¥)￿3 to ￿8￿u￿9". l& th)ro ThDlthaltho ￿Si￿èÉ tho tèÈourc•s.' ond Ihp nvJnotaryvalu0 bB ￿3¥umd sufvknnt rnlwbM¥. Th•T• hasbo•n no offs•tthg of auolssnd Uoblkis. Or￿cer￿ •nd unkis8 Mquhd or penrted bylhe FRS 102 50RP orFR5 102. Yes No Off¥•lUr Y85 GrAnLsAnd donalkn& Dnty Inthd•d In th8 SoFAtth•n thèg•nèMllicoMo t￿(￿￿n￿n mtl5.10 to 5.12 FRS102 SOFP •nddDN¥oM Y85 thal th• thartYhaspro¥￿Od tho 8pouf48d goods as ontttknThnlto th• grnnl Ihp ￿￿ted (y)ndrtv)ny Thtl5.1fj FRS 102 50RPI. L•9Ots&È kndudéd In the SOFA￿èTh IÈ ptobabkg. thalts. hasbgÈn grnnlof pn>bat•. Ih••x8cutor& havo 8stabl&hod Ihatth8rn ava suffkknfit a￿LS In th@ &￿y(¥)￿drt￿￿g lu thv thv (y)Dbplolihp (hBrty orhovè beèn rMI. L•y¢l•• Yes Nts YÈ$ No (>fft InLded In the￿ Val￿ Ihe danoi. T•x Y•¢l•lrrt• Any 9Wunt on & ty¥ Ih#t 918nd 16 ndqhts •418d asan io tho 8am&fund astho ￿h￿Id0￿&t￿n unknth• dcnDrorth• teIn￿of BppBalhBYe Bper4fwd olhprrye. Yes Yas In￿ded In the SOFA the (￿a￿Y has p￿￿ed Ihe rn￿ted goDdsor sr¥•6 mlthg prf¢nY4n¢• ¢&i¢¢ c¢ndii)ti$. p•r￿arn￿￿¢• r•l•dgrnrA rknnated goDds&rn rMa8uT8d 8tlalrvalu8 (tho aMunIfor￿th th• as8otcou￿ b do 40. Yes The of Bny ￿0￿ Dfgoods donBIefurdtstsu￿￿ to deemd lu bp the I4¥a￿& ot IhoÉ& 9fftÈ at IhÈ tlm o[thèlrtè￿1)t and IhÈy atÈ rÈtoJniwd on fÈ(lPI In th• ropDthg pO￿￿d In tho stocks aT8 dthbui8d. th@Ya￿ TOcogn￿od afi atthp Olthp thOL7 1tdlthu￿ts. Yq5 rh)nated goDd8fo1rnsa￿ masuted atf&vlllu8 on inkk91￿C0g￿hI>￿. thè eyp?Led p￿)￿ed¥1￿)￿3& oxpertpd costsol5&￿, aDd rtomothArtradma act￿S, coffgspondkng stocktècocTh&éd In tho shAt rtssakn tho valuq ofstock against'lncom I￿￿OIhOrtrddi￿9 Yg5 Wo Yes QoDdsdon&lod fDion%olng by th• rncognlyod fjK•d as5qts and ¢ludpd ￿ th¢ SOFA ￿￿￿&b. Y85 ND (jIR¥￿ kMd ffUru￿ bythe ￿&uded ￿ Ihe 5uFA InLy3r￿ DoMt•d B•r¥lc•B an t￿￿10d and la£lByarn the SOFAwh•n atth•vabJo ofth• ghltu ihp P￿¥￿ed ihp value olihp gnl be LknBted and faL¥lhEla￿ MWrwd￿lefy ￿[¥)￿n￿d h 9n •qU￿O￿nl¢￿vnlf•￿n￿ 0$ 9n undgrthg •pptOPfi)1g hgadlng In th• SOFA. Yes Yes Yes The Lèrfty h¢ ￿PPort￿l￿. VC4uth•r￿1P The ¥abJ¢ olnyYoIuntèry￿￿ Anoi ￿￿u￿•d BQYJunl$bul Ihè ImstAes' Annual Mport InGrffl• frcrn Irthr••C In ihp ￿P￿jb&bkn and Iho 9￿ullt b InGom• frcffl m•mbprnhlp ￿r¢•d kn th• naturnofa TrrA>ynMd kn Lhjnatsnsand gNes a ￿￿knOrthe ryhtla buysprwKP¥QTOth0rbonefts grt f¢Q)gnty$¢ ofgoo¢$ gno e¢rw¢E6 0$ Infy)w trom 8•rrt•nt￿lMUr4n¢• InWraffl￿ Dntykndud8d l)Ih• SoFAh•n Ihèo•n•rnl Incom r•counklDn mt (5.10 to 5.12 FR5102 SORPl¥nd ￿LJded ai ur0￿er￿L¥Jll￿ kn the SOFA kndudèE orunrnal•d oakn£ orbstoyon tho of In￿￿nI18nd any gakn orbs8 Inve￿￿￿L￿t0 Ya*Jo at the ond oflh•yoar. 18

2.3 EXPENDITURE AND LIABILITIES UibS11ty Llabilrt￿g rewDryed n0tlhBtihp￿ b4alor(¥JnstpJthv corrfitlng tho tharfty lo pAyo￿lrS¢￿r￿$ gnd Ihè•wuntofthe obmgatbn bb Tha￿r8d th roa80nabkn c•rtahty. SuppDrtC05ts have been albcatod boiwyon yovernancq wsts and 0th8isuppo Govpmani (y)pts Invo￿9 pUbl￿&¢wUntdb￿4tkn (#rty And prAcIo. Gov•mino• •nd Supptsrtfy)ets In￿￿¢ ¢snt¢i tvrt&h)rt$art¢ hOv b¢•n to ¥¢tW¢oste4t¢9¢rt9$ on a coThskntènlwllh th• of èg albcatlng pro￿rtytojts byfiDorate4 orper￿pAa, slaff wsts bylhe t11￿ 5penl and other￿sts bythe¥u￿gO. Y88 Yès ND wMhpArknuno• ¢w￿rdOn th8 condhN>nyfor8 pa￿￿￿t b8)g a &padk￿￿OIof oroutputto bo p￿¥￿Je¢. such grants SoFAonL¥the r￿￿n101￿è grAnlhAsprD￿èd thÈ orD￿tp￿l Wn￿￿ thtT¢ no wThdlh)n$•H#thlng 10 th• gr9ffttth#t•nab￿$th¢ donorth•WIQ rnak&tlcalty a¥0￿ tho CO￿￿￿nI. a IkgbUhyforth8 tulfvndlng obb3ath)n 6r•nh yy•N• W1￿￿ul rftsrnwn¢• eondlts¢th• R•thnthney ND D•hrr•d IKlm• ND Th4i•dalkomof d•f•nd kncom h•s b•èn kndudod kn Ih• •Cr￿UntI. Y¢& ND Cr•dho The Thasurnd HtwiUBnKnl ¥rMuntxknsanybad• A mp85urnd on attti ￿￿o￿lcOl￿and thon subsoquenty ND Baak InÉNm•fftts 11.7 FR8102 SORP. Subs8qu•ntmiasuternnt pèrparngrnphs 11.17 to 11 19. FRS102 50RP. Yès ND 2.4 ASS￿8 ••¢• f¢r ¥th¢y(n bo uOQ loinb)w thon onoyo8r. Ind Ot bost by ehartty ThByarn valuqd atco. Y05 Tho d•ptecLq￿n Mt•s•nd rmthodsusod am dI￿Sed In nola 9.2 The has Intangbk ￿ed assets. that ￿, non4mnelary a58elsthatdD not havB Phy￿1 ￿#￿br￿#￿￿ by lh¢ ￿$10¢Y or oal¢ohls Th• rdtos affld Thtylhodsuud aro h noto 9 5 No Ng No tqGhnobgKal, 9Bophwl orBnv1￿￿￿￿t￿l thal ho￿ and m&lnt8h0d Ihods usod dL%th88d not• 9 6.1 4. No Th9Y•￿ valued uti¥J4t. F&od &5set In qUDtqd Irdd•d bDnds Yaluod Y9S No troatmnt Isappkd io In￿St￿nIs￿n￿m fa￿Va￿• cannot b• rMasuT•d l￿bty at ￿¥t19￿ 1nvp¥t￿￿ts ￿￿￿j for￿$￿￿ 0rpeTrd￿9 Ihpirsak and and e4urBnt&xrth dAt• ot trgoièd ¢uff•rtlA8￿t Nts 4ndwurk stQL he￿ tor5ukn B¥partof tsade Btth? Orn¢t Ygs NQ Yos ND on thè s•rvk• Po￿￿1￿1 PTo¥41od byko￿oIstOck Ye8 No PWrtty• ¢V￿+0 ot Cost h¢ •nyfoty•o¢)b b$6thot lh wntrs¢t Dpbtors (mdudlng trnd8 dobtorJ&nd rOce￿￿￿)8￿ rncognlknn at ￿tr￿￿t#￿u￿¢#fiVr#nyt￿4P dry(y)yntB ¢rOwunt¥dY4D￿d byth¢ Subspquptslty, they aro rTh•asur8d at thè cash orothèrc0nÈ￿0r￿￿)Tr expoctèd to be r•c•￿Id Yes ND Th8 has has InwBlm&nL8whkh ￿h￿￿8f0rrèsa&l Drpondlng tho$a￿ and and cash a ￿￿lUntyd￿t8 ksSthan one yoar. These ￿5h on depogrt L¥$h ¢gUW#￿￿ts￿dl o ol *$$ Ih¥Th ¢n¥ wrh¢hY PUW¢¢ts to •tshortloTh cash asth•yfaldu•. Y8s No Ygs No Wo 19

S•ctlon C Not•s ta thè aeeounts eont Note 3 Ana￿siS of income R•trletbd •¥trl¢t•d Ttl Prlor year Anal 15 Donations and l¢ga¢les'. DonatK)ns and Grft Aid L8gaci8S General grants prOV￿ed by governmenvother chariti88 Membership subscriptions and SkK)nsorshps whrh are in substance donali)ns Donated goods. facilitK9S and Serv￿85 Other rfts 21,153 21,153 13,391 95,498 Total 115,67B 131,348 Charitabl• a¢tlvlti•s: Theatre Tax Rel Fundraising Festwal Productions Non-Festhial Events External Tour Prc*uctKJns Young Artk8t Programme 94 505 2,000 197,135 51,944 1,300 115.951 500 20.500 422 17e.635 169 313.422 6,800 28.222 6,969 7,297 233 615 Total Othertradlng actlvltle8: Catering Festmal Pr ramme Waterperry House 8eddin Ticket Income DonatK)n5 & Towel Hire 80 3,064 Total 26.638 Incorn• from inv•stm•nts.' Interest ncome Dwid8nd incorne Rental and K9asin Other 19 19 ncome Total 19 19 Soparate mattrial It•m of In¢om•: Total Oth¢r. Conversts)n of endowment funds into income Gain on disposal of a tangib￿ fix8d asset h8kl for charty'5 own us8 Gain on disP05al tsf a programme reLatsd inv8StTn8nt ROya￿leS from tt)e eXpknitat￿n of inte1￿ctUal property rvJhts Other Total TOTAL INCOME 426 090 20

Oth¢r Intrm¥fjon'. I Inc¢)m• In th• prlor y•ar was unr•itrletsd •xc•ptfar'. Ipl•affs provldo d0¥crlptton and amourtsl Total restitt8d incomè r8ceNed in thè prior￿ar 120211221 was £113.275. any ond¢)wmgnt fvnd Is convortgd Into Incomo In thg por¥ng p8rl*xI. plèasè glv• thè for thè convèrslon. Whère any èndowment fvnd li convèrted Into Incomè ln tho prlor Poilod, ploase gSvo tho roa80n for tho convor810n. thln thv In¢om8 ltsm8 abov8 tho followlt)g ltsm8 ar8 matsrtal.. Iplea¥a dl$¢los0 the naluro, amount and any prlor yoar amounlsl 21

S8¢tlon C Not88 to tho •¢¢ount8 l¢onti Note S Donat•dgaoth. facllhllei irKl•ervlc•s yoor Luty Prop•kty IAudttlonl- Not• 1 Vwof Property{P¢rformanc•Vonu•sl. Not•2 ilxof PrOp•rtylA￿0rnrn0￿jll9n Cjst & Crv4vI- No¢• J Prop•Yty ITrut•• MA•tlng1l- Not•4 UG•of Property{Rehearsall Bookk4fjplng S•rvl¢M- Not• 5 T]tsl 1 750 80D 800 425 provld• d•t&ll• of th• ￿CountIng poll¢yforthe rn¢ogn6tlon and valuatfjon of donAt4d good. fa¢llhl• and •rvlc4•. Lts• No• b•l(JW'. UJ• No• b•lM'. AUdrt￿￿s took pLyc8 of at all, London. An stlr(wted mgthet houty rai¢ ha$ bq•n u50d to a￿B8 vBIu• Aud￿n5 took p￿cO 8t Hall. London Qvor8 total of 5 dgys.. 8 totsl of 35 hotsTS Not• 1.AudltbonA Wai¢￿ery perfom¥n¢e wnu•s provbJoJ fteè of chapJe. Nonn&l ￿te 30% o1tthl5a￿3 WotenDery Perfomgne4 vonu0$w￿ pto¥￿￿￿ fipe 0fthll￿e. bUttheYTrD￿1 fee B JO%ol t 1gb$ ￿11$.951) A¢ditbnaly. ￿¢￿￿n HÈI used fora $upport8TstvÈnt. S htsuL8 IA ioLg1. atE250 ALW1r￿)dat￿n IFood fr&rCast thpwai Not• 2- Pqrfonnan¢•Vqnu•¥ A￿x)n￿d￿t￿)n l Foud was wbsvj￿d atlhB rate of £52 p•rp•r4on pgr4Jy (T49 unbl Not• 3.Accomm0datlon￿Qod ESO P¢rp¢rton POrdÈy(748 unrt$l Totalwa￿8 E37400 AITru$tg iookplryu f￿8 of chgDJ• kn SPES pnperts. Valut hè$ bgen esti￿ted All m&8tlngs took pLac8, no ¢h•DJ• mode. erthei in London 81 th¢ SPES h8adquart8ra oratWat•rp8ry and GAr4ens. Thert e meetings ea¢h of 3 duratK>n. ￿ ih@ yBai. cost £100 Btts&n Feb￿0￿4￿d O¢t4b¢r2022 nthsk th8 ofB hourJ Df bookkeep￿9 p[ov￿84 ITee ol cha￿￿ by Ol￿e￿I Accounting Serw￿¥ L￿d ot o r8M oIE20 perhour. Ntst• 4-TNtsi•• M••tlng¥ Nts èntry for 2022123 du¢ to O bookk88pin9 polw. Exp8n88s bB8n ¢ordèd a&gro88, booked 49 a donakn Not• 5. Bookn•plng 8Nvlc•• ease provlde detalls of any unfuMllod ndrtlQnv￿d oth•rrontlng•nrlry¥ attachlng to mourcm from donot•d good• and not rKounl6•d In Incom•. P￿tAppI￿b P+Jtfvppl￿b Vo￿nts￿ra." VohJnlq•rs undBrtookg variBtyol cluding Kknhen Caièdng duiS. Pknugekeèplng, Cknanhig. Box Otffcg. Slewardhig on4 ggnernl $51StanC4. Totsl numbarDf vDluntoerhourJ- £11 pèr hour. Ihe IOtslvolunte¢riimg has b8on valu8d al £11.308 f¥ur8 ￿￿￿d@st￿ spent by Kitchen Stsff befo￿ the FestNèI WBek prepathg naLs kn advancè V0￿￿t￿Or￿. Vdunt88rA und8rtook a YBrty ot S iicluding Kttthen CAtethg dut￿$, ous•k••plng, C￿9n￿l9. Box Otft?. and general as¥￿tanCe. Toi81 volunt4rhours- 915 E11 perhour. th8 loLql voluntg8rtim h9¥ beBn valuBd at t10065 Th In¢bJdes ilrrt 8pont by KM¢hen Stalt befo￿ th8 F8stNalW88k dvèn(* Pl&N6• glv• d•tallF of othqrfowml of vth donit4d goodi and not rncognlmd In the account•, og contr6butlon of unpald voluDtger¥. 22

Section C Notes to the accounts Iconti Not• 6 Anatysis of eX￿nditUre Thls yfrar L4St year Lknrv¥trlGt•d itrlrt•d itrlthd AnalyBIs Ex endlturo on ralsln funds.. Incurred seekng donat￿nS & grants Incurred saekng 18gac Op8rating m8mbèrship scheNs and SOCk91 k)Iter TLal fw Incurred on Fundra&sing 8V8nts 3.911 staglng fundraLslng events Other bjndraising costs Fudraiqing ag8nts 0￿ra"ng charty 8￿p& Op8rating 8 tr8diNJ company undertak non-charitabk trading actNty AdvertKsng. marketsng. drect mal and pU￿￿ty Start up costs incurred in gBnBrating nèw sourc? of future ncome Database d￿elopment costs Other trading actpirt Inveslrnent mana etnenl ¢05t5'. Portfol￿) manag8m8nt costs Cost of obtainirYJ i)v8stm8nt adv￿6 Inv8strThnt admin&strakn costs In1d￿CtUal prtjperty I￿encIng costs Rent ClA￿tiDn. propBrty repars and maintsnanc? charges Total gndllurp on rJi$in funds E¥pendlture on chafftablo actlvltlo8: Feslval Management Marketing. AdVert￿ng & Waterperry AccommdatJn & Fe8S F8sliwal ProdUc￿n8 External PrLKluctK)ns T￿keting Non-Fe8twal Events Young Artist Programm8 Corè Supwrt Costs Isee No18 91 In ￿nd Support vakIa￿n{S￿e No18 51 Total èxponditurè on tharftabl• actlvltlos 91.352 11.547 33.298 108261 44.263 9.148 27.983 108597 40.773 3.250 3,000 12,148 231 101 9.647 422 7,081 96.586 10,000 95,498 66.071 4,228 76,425 910 107 413089 arate mat•rfal ltsm of ox enso Total Other Festwal P Calerin Water H(xJse Beddw) Other Non-o Costs Total othèrpx ènditure ramme 10.290 1.675 & Tow8L8 208 TOTAL EXPENDITURE 165 410 313013 107 23

Section C Notes tothe accounts (cont Nots9 Support Costs Please complete thls note If the Charfty has analysed fts expenses uslng actfvlty categorfes and has support costs. Thls year Basis of allocallon Support cost Ralsln funds Cor• Colts Grand total ID¢scrlbe method Personnel costs - Raising Funds Personnel costs - Core 91,242 91.242 Insurance, Storage, IT costs and Training 5,377 &377 Accounting Fees 3,307 3.307 Tax Advk80ry 1,800 1,800 Independent Examknation Fees 521 521 978 978 Depreckation 12 12 Smal Asset Purchases BanklDirect Debr( F88s,' Interest 1,659 1.659 General Expenses 1,690 1.690 Total 106.586 106.586 24

Last y•ar Basls of all￿atIOn (Describe m•thod Support cost Ral8ln fvnds Core Costs Grand tolal SaLgry costs - Raising Funds 11,092 11.092 SaLary costs - Core 44,983 44,983 805 Plannlig for Ngxt Year's FestThial 805 Insurance, Storage. IT costs and Trainin 3,651 3.651 680 Accounting Fees Tax Advisory 3,480 3,480 Indgpgndent Examinatk)n Fees 450 Deprechattin 978 978 Small Asset Purchases 2,324 2.324 General Expenses 1,856 1,856 Total 11.092 59.207 70.299 Pl8as• provid8 datails of the accounting policy adopt•d for the apportlonment of ¢o$t$ botwgen a¢tlvltlo$ and any ostlmatlon t￿hnIqUeS US￿ to ¢al¢ulate thelrapportlonment. 25

Sectlon C Notes tothè accounts Note10 D•tsll8 ofc•rtaln ttem8 of expendhure 10.1 Fo￿lor￿mInatIon of the account Pleaseprovlde details of tho amountpald loranystatutoryextema1sc￿IffnYolaccoU￿ts andotherswvicespmvided byyourindependent examiner. Ifnothing was paidplease it•r'O' in th••ppmprfai•boxl•s). Thli year Lait year Independent e￿mIne￿I fee 521 450 Avuranc• s•rvlc• otherthan audlt or Indopondont 0￿mInatIon Tax advlsoryf09• 3.480 othorfo08 Ilor8xamplo.' flnanclal advl¢o, con8uKancyp ￿£0￿11tancY sorylc081 pald to tho Indgp•nd•nt •xamlner 26

Section C Notes to the accounts Iconti Not811 Paid 8mploy805 Pltra￿ ¢ompl•te thls not8 Mthe charltyhas anywnploy88s. 11.1 Staff C08t8 Thls yoar Last yoar Salarfgs and wagg5 So¢ial se¢urity ￿¥15 P•n$ion wsts (defined Gonlrfbution ￿h￿￿) otheremploy£e benefit$ 27,669 830 Th18 yaar. Please provide d•tail$ of expenditurp on Staff working for ¢h¢ rhority whose contract8 aye wlth and are pald by a Yèlatèd party Last yoar. NOT APPLICABLE Pleas0 provkle d•taSls of expendlture on Staff worklng for tho chadty whow wnlr4d$ wllh and 4r¢ p•ld by a r¢lalgd p•rty NOT NPPLieABLE Pleasegive dfjt4its of the numbergFemployfjfjs wh059 totalfjrnployefj bfjnefit5 (￿lUdIng ernployfjrpension w5ts) fell wlthln 6a¢h band ol£lO.000 fK¥m £60.000 upwattls. no such transactlons. please énter Yrue'ln Iho boxpmvlded. No ernployqes received Brnployee benefits (excluding employqr P8nsIon c08t81 for the rnportlng porfod of moro than £80.000 NOT APPUCA8LE Band Numb•r of•m lo Th18 Last £60 000 to £69 999 £70 000 to £79 999 £BO 000 to £89 999 £90 000 to £99 999 £100 000 to £109 999 This yèar Last yèar Pl•a&tr provld• th• total amount pald to k•y manayèment p•Ysonnèl Ilnclude8 tru8tO88 and 8enlor management) forthelr sewvlcos to the harlty. For spg¢ifi¢ 4mounts pald to tNstogs, Not• 28. 27

11.2 Avorago h￿d count Sn tho year Th58 year Number La8t year Number The parts of tho charfty In whlch tho employe￿ wo Total 11.3 Ex-gratla paym8nt8 to employ088 and othor81oxcludlng tru8t8881 P1888e complete Iran ex-gratlapaymentls Mad Pl•a&é •xplaln th• natur• of the paymént Th18 year NOT APPLICABLE Lèsl yg•r NOT NPPLleNBLE Pl•aBe State th• 18gal authorfty orrna&on for maklng tho payment Thls year NOT APPLICABLE Last ygar NOT APPLICABLE Th5& La8t Please stst8 th8 amount of th• paymont lorvalu8 of any walvorof rfght to an a880tl 11.4 Redundancy paymont8 Please cornplele Ifanyr6dundancyortomilnatlonpa￿OntIs rnade In theperfod. Thls La&t Total amount of payment Th• n•turg of Ihg p•ym¢nt Irash. •*s¥t etc.) Th18 Last The oxtsnt of r￿undan¢Y fundlng at the balance sheot date Pl8a88 Stato th• accountlng pollcy forany redundancy ortefflilnatlon payments 28

SectioTh C Notgs to tho accounts Icontl Not• 12 D•flned contrlbutlon pentslon sch8m8 or d•flned ben8llt sch8m• account•d lor as a thflned contrlbutk•n 8ch8me. fll Plo80 ¢Orttrplots thts not•M• dolln•d Contrtiutlon s¢h•moh op8r•tod. Th18 •ar Amount of ¢ontrftyutlon• ro¢oonl¥od In tho SOFA oxp•n8• 830 Pleaoe explaln tho baBlsfor allocatlng the Ilabllhy and exponse of d•fin•d contrfbutlon panslon schom¢ bthwn a￿l¥rtIo$ btw•n rtitrfctod and unrt1trl¢￿ fund& Empbyees forwhom Contribut￿n9 are made to a DC p¥ng￿n are within the core expen5e5, henGe the KtrhS￿n contributk)n$ are ¢harged ther8 aL80 fZ2 Plo0$0 ¢omplotO Ihl$$o¢tlon Wh￿ tho ¢h•ttyp•rtkIp•1￿ th • 0onoritp•n$lonpl•n tyul Is un•blo to 8$¢ert￿n Its sharnoflh un41e￿Ing &￿ets and liabilities. Please confirm that although th• schem• l• accounted fora a defined contrfbutlon plat). It l• a dofln•d b•n•fM pl•t). NOT APPLICABLE Plga$g provld• ¥u¢h Inlorniatlon a81• available about the plan's Surplui or dofi¢lt and the Impllcatlons, W any. forthe rportlng ¢h•thy f¢rthl$ yoor•n¢ l•st yg•r. Ir dllfernnt NOT APPLICABLE 113 Please complete thlssectlon whern the charttypartklpales In •muhtsemployerdellnod benofftpenslonplan th•tls a￿count#￿I0TaS a d•Rln•dcontrfbullon plan. OM¢rfb• th••xtont to whl¢h th• ¢harfty can be Ilableto the plan for otherentltlEs' obllgatlons unduth•t•rms ¢ondition¥ of tho multi-qrnployer plan. Ir thlsls dlfferent forlast year, provlde NOT APPLICABLE Provld •n explanatlon of how ¥ny 11obll arising from an agreement W￿*h a multi- Iployer plan to fund a deflc6t has been dot•miln•d. Wthl$ 1$ dWr￿n¢ for l•$t y•ar. provlde detalls NOT APPLICABLE 29

SoctK)n ¢ Not8s toth8 account cont No1• 14 141 Colt Wv4lUat￿n Fr••h￿d hnd& Oth•rland & lju11￿1 Pthn4 FIMtrr•s, Totil rnotsrv•hlcl Alth9b9gr￿￿ y• 3,914 3,914 Re¥ Tra￿fer6. 3,914 3.914 1&2D•prKthtlon and lrnylrrn•Trt or RBIStrBpt LnBorR8ducvy Bael SLorRB SLcrRB nmgoftheyéar 1254 Dposa 978 978 Imwarngnt Tran%fèrs' endof tryeAr 2232 1&3N¢t book Netknk v¥kn atthg Wnry Ofthfry￿r 2,6fj0 NUtt￿k va￿& atth8 Bndotthoy88r 1.682 IU ￿P￿rn￿nI L•sryw. H#•spmvM•è¢l•*¢rtpr￿lJ 30

14.5 A¢¥￿￿￿tIon IfM•cGLwntthgpalcyalrnMltt•llon l•dopt•d,plMThpyuvld•.' Lut th•th¢ihd•olllt•r•v&lu•iiDn tlJ•carylng ¥￿￿￿￿11h•¢W0u￿h•w•knJ ut)dwth•eotrMd•J. 141 0thqrdll￿o$Ur•• Lut (Q PI•Js•st•t• th￿Ou￿1￿1b￿D￿I￿g coBts. IlaTryp C•pIt￿l￿ ttJ•conlnKtIDnollwwlbl• JFx6das8ers and tbewlte￿mtlOnlItei1fjod. 4s$4r$. (IN) D•talts o11￿•￿￿¢￿￿anrfu￿Yfftl anpount8olpropwty. plenland•qulpmMI to whlGh Ih•¢hwltyhu t1thwth•t•r•pl•dyd￿HGU￿fylQrItsts&lmI0Y. fdetyscithn."for$trBhty8. ofthg És$èt(h>yè&rsJ."hrieduchwb&lRn¢4, wh8tk* th#pw￿l&l0£￿rt￿deth￿Crkn. 31

Section C Notes to the accounts (conti Not•19 D•btors and pr•paym•nts Pleaso ￿mplete th15 note If the charttyha5 anydebto orprnpayments. 19.1 Anatysl¥ of dgbtor¥ Thi¥ L•¥t yg•r Trnde debtors 231 100 pr￿aYmentS and a¢¢ruod in¢tym• othèrdebtor& 42 685 Totsl 95.875 42.785 Please complete 19.2 whw• 8 m8twl81 debtorls rncoverablo mor• than 8year8ftwthe rnportlng d•t•. 192 Anatysl8 of d•btor& Yecov•rabl• In moNTr than 1 yearllnclud•d In débtorn abov•l Thi¥ Last y•ar Trad¢ debtgr¥ Pr•paymènts and accméd Incom Othordebtor8 Ttstal 32

Sectlon C Notes to thÈ accounts Icontl N¢>t• 20 Creditors and a¢¢ruals Ploaso complote thlsnoterfthe charityhas •ny crndltors oraccffual 20.1 Analy818 of crnd5toYs Amounts falllng due wlthln ono year Thlts yaar Last yaar Amounts falllng due aftqr moro than one yfrar Th1 year Last ￿ar A¢￿411 forgrants payab Loans and ovgrdrafts Tradg credttors Paymgnts ye￿1¥9d on fOr¢ontrn￿ or POrtoThan¢o-rolated grants A£crua15 and deferred incom Taxatlon and social security Othercrpdllor4 881 410 109.240 Total 50.984 202 Dof•rred In¢om• Please complete thlsnotelff the Ch￿tyhaS d•lenBdlncome. Thli Included in Ihe'Accrua& and deferred incOTrE'f￿￿re are kets for the Wnter Festval lo be held ) December 2023 were sohj during the financ&g1 year. The proc8ads, n&t of￿k&ting feès, is consKJered d8f8rred income, a told attK)unt of Lait Inckjded in the'Accruak and deferred income, ￿￿re are tickets for a perfryrn&nce of Massk9h by Candk81wht in Decembar 2022 wh￿h were sohj during the 2021122 fnancial year. The proct8ds, oftiGketing fees, COns￿ered deferred income, a total amount of Pl90$9 gxpleln th•Tr•sons whyln¢omo Is d•fwrod. £14,573 £15.gM IAov6m8nt th dei8rr•d In¢om8 account Th1$ year Last ygar Balanc• at th start of ¢he reportlng pgrfod Amount8 added In ¢uwr8nt Perfod 9250 15,904 14.573 Amounts released to incorne froffl prnvlous ￿rfod Balan¢• a¢ th nd of th• reportlng porlod 14,573 15,904 33

$9Ction ¢ Nr>tg5 lotho a¢counl$ Ic¢>ritl Not• 22 Olhvr thcloJur•• forthLwB, ¢r•dknro and ¢th•r￿￿k flnancLIl Inolvum•nts Th1• y•or rh¢a¢re TaxR¢N•flTfRJ ts • m•l•Nf•llt￿ otthcom•," th• rfR forrhè202VJ3 Lll•t￿ 211 Pl￿￿ provld• 1nlonna1￿Tr about lh• ￿OnI￿¢￿nc••I th¢harfty'• finonclol ptsthftlon or￿rfOM)￿n¢.lo￿¢xamP1è. the t•rrns ind condttlonl of loins orth• us• ofh•dglfflB to minaB• flrt￿¢1d ¥1• mLWihslntO Ih•nxtfiik4nd•ly •$lhfywbnJlMlon lh• vqd4GcL¥urJl& As n$oqu•n¢e. low1$ 4re¥owI¥•LIIO prnvAd•l*uldltyun￿t￿• TTR rund$ ernrn¢elved. 22.2 Wth• chwttyh•s ppJvld•dfinandal4yy•ts a•4fom ol I￿rt￿. the Brnounlof th¢fln4Thclala•••ts pl￿gOd a• ￿K￿￿ty&￿d th•twms r￿￿•d to Pl￿9• ¥hould 34

Section C Not85 to the account5 (conti Noto 24 Cash at bank and in hand This yo•r Last y¢•r Short l¢mi ¢ash inwstmènts I1￿• th•n 3 months maturity dat¢l Short temi dèposlts Cash at bank and on hand Othor Total 18,359 26,125 35

Nth27 17.1 ¢hpr fvn O¥ns*i Fund UR 64,072 .912 9549 Funty• 36

NDtllotothE arrounto 27 Ch&r co IT2D•tslbotNt*rfallLthlÈ PREVDJS TypbP&EE nr•¥ ¥FurtO UR F4 ft￿tr￿Fun R￿ts￿￿FU 37

Sectlon C Noto5 tothfr accounts conti Not• 28 TraMa¢ttoM wlthtruit••i and r•￿ta￿ partl• ff tho chwtyh•s •nytrnftxKllon4 wlth yvtsladpartl•s lolhwlhn tho trustspqxp•nsqs•xpl4ln•dln guldnt•not•&l ofueh p trnnsKtton$ to Trport. 28.1 Trustse r?munDrallon and ￿￿111$ Th1• y•ar Nonolth4 tiut•• hrLV b•n p41d any r•Mun4f411on orMedv•d ny tsth•rb•n•fft fr¢Ax an •mpltsym•nt th•lrcharttyorX rtht•d ￿trtYIT1u• orFth•l TRUE In Ih¢pqrfodth•charftyhip•ld t￿&t￿r￿lJu￿•mtl0nan￿b￿¢l￿￿ Plea￿￿￿01h0aMOLnt0ff. andl¥•laulhorttyfor. any orOthWb￿l1tsp41dto • tiust•by th•chAtiiyoranyh)stllUiion or¢ompeny ¢onn•ct•d wlth It. Amount pald vAIu• R•rnun•rnlon P•nÉltin NThottw•t L•9al authorltyl49 ord•r. ooYAMlng docum•ntl R•dundanEy fjn¢ludlrffj lo•• ¢1 TOT WOT APPLICABLE Pl•As•9￿￿1￿O1WhYr•rn￿th￿tI0ft ￿0th•r4￿plONM￿t NOT APPLICABLE ) ￿N￿￿p•Y￿o￿th•$bo•ft￿4d#tO pmvld +xplrJAtlort tsf thntun) of thpythJi. NOT APPLICABLE L41t y4ar Non•olth¢ tru•¢￿5 be¢n pald any rernun¢ratlon orrBcd¥¢d any othorbeneflt• Irom in qfflployThen¢ wtth th•lr¢h4rbtyorA ThIBt•d 4nthylTN• orFAts•) TRUE 38

Amoun1• pd or benoflt valu• R•murnr•lon P•rAIo R¥dun￿ncY OnrludS N￿• oftwu•t L•g414uthorty149 ordgr, gov•rning doEum•ntl afflc•N•x NOT APPLICABLE b•n•fftB w•rnp•ld. NOT APPL￿ABLE wlwJ•tlon of lh•￿•￿Tr of Ih•p•ym•nt NOT APPLICABLE 282 Tn4St•o¥' •xp•n¥•• Ihernarnno tsansKtlons to Trport. enlqr-Tnn"lft th•boxbelow. Mthqrn arn tsansKtlons tornport. enlqr-FalJ•-. No truth••xp•n•M hov• b•oD Incurrnd ITnwoTFal8•1 TRUE Typ• of expen￿r81Mburued Thly•Af L•ty•Br Trnv41 $ubil•t•n¢• Accommodatlon Oth•r (pl￿￿ •p•thyl'. TOTAL PIHM P￿￿a•tha numbwof tru¥i•M r•lmbury•d forry•n•y orwho h•d •xp•n••s pjld byth•rhartty NOT APPLI¢A8LE NOT APPL￿&LE 39

2¥J Tral￿delIOn(SI rqlatgd PArd•¥ P1•4s•qlv•detollsol&ny trxtJs&etloft Un¢y4rt•k￿ bylwon bh&ff OQ Ih•¢hwAtyln whl¢h •rl•tsdpffjhMm•t•ptsllnt•r•si, includinsT whffmfunds h￿b•n hld•g•ntforfvltdprtM. Ilthrnn) trtnellL￿ pl•yJiqrtrru'ln lh box Thkn yoar Th•rn h•v• b••n no rn14t￿ pwtytrnn•ar¢loni In th• nportlnq p•rlDd ITru•orFalwl FALSE AMo￿ntI wrltt•n off durfng r¢portlng rlod NBm• of th•tN4tg• or Nl•i•d pkty R41Atlots•hlp to ¢hk1ty DuC￿PtIon ofth• Amount BolBnu ot od •nd Prov￿1•n forbod dgbt• 4t p•k1od 4ttd Rebgcca Mg129r Daughterof trustee Jo MÈlzÈr Eryaged as o free￿nCe with sdt.empknymenistaiL thè year". èltÈrma and rEfflun8TatDn 4ro8d by CEO. Her rob N the ygar wa5 as Director of the YOU￿ wryranwne las kst yearl È ddknnaty yfj Drector £5.630 WA NIA MIA HowArd Gal&8 Tru9ts0 Prov￿ad a durvu th8 yé¥." thE was du9 to ih8fa matsrHI lem ofxcrwd hci)rnefor ihe prevbJ5 accou￿￿￿ year, ThEatr8 Tax Rqkffr(Kn HMR¢, 15 sevwJl mnths itothe ngxt fknarKHI year. The b3n ¥vaB rep Wore year eThl". t8r8st rai8 1% pa £13,0 £0 NJA NIA JuthlhTèw Tru9 Prov￿ad a for I￿￿mY durvy th8 yw". w rtyL¥r￿ due to ih8fada matsrHI lem ofxcrwd ornefor the prevk>JS Aceoutity￿ year, na￿ Thg0tr9 T3x Rewfrom HMRC, 15 payabl8 $8veral mnths itothe ngxt 1knanc￿l year. The k)3n ¥¥as rep￿ before yÈar 8rMI." tgr9¥1 rots 1% £10,OOD £0 NIA NIA 11 Continued overleaf... 40

Judtth Tthw Trus Ptovthd a fc k)uilty wh￿h rgrnains n lo￿￿t year ￿d.. thk5 was rgqur duelothe fact a mater￿1 emof pLcrued Incn In th•rtpdrtlhg prfad ITru• OrFl•l Amounti wditqn ¢)fl rfng roportlng p•rfod Nam• of thètru•t••or 4t•d pArty R•latlon•hlp to <hArfty D￿C￿PtIon of tho Ballln￿ at p4rlod •nd pro￿110n lor bad d•bti t p4rlod •nd Amount Rebecca Meltz8r ol Truat•èJo Mer Ideckred a5 C￿￿¢ted PÈrsonl 3920 NIA NIA D¥￿torI D¢Etthrl4I22￿)o latioft to Iho tr￿4￿clI0￿￿ •bowqy plo•s•prnvld• thel•rnJs •nd MnLlltloni. InduLllny wJyJKurttyandlh• nlurnol•fty Pl￿￿•￿t(cOnSIde￿iIonj to b•provld•d In Solllwnoftt. NOT APPU¢IBLe Foranyrnlalodparty.plM8eprovldod•lall¥olanyguarnnlq NOT APPUCABLE 41