## **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| 1 |||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| 2 ## **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| 3 |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 4 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| 5 ## **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| 6 |||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| 7 ## **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| ||| 8 **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** 9 ## **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** 10 ## **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|| 11 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'. Ra*lng 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|||| 13 **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 r8cogn*ed 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 d8t*ll8 orst*t•"Not 8ppllc•ble'. M8ppmp*l8t•.' 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 ¢$llmatgJ No Ghanges lo acGountiry estimate5 have oGGurred n Ihe rewting perKMI13.46 FRS 102 SORPI. Yés" -T￿￿ as appropriate (O the n*turn of any changes.. NOT APPLICABLE (14 thé •ff•ct of th• ¢hèn#e Incom• and exp￿8• ar ass•ts &ndll8bllttles forth• cun•ntpertod.' &nd NOT APPLICABLE flll) wh8tvprnctkabl4 the •ff8Ct of the change In on• or rnore fuluTrpertod& NOT APPLICABLE 1.5 Matèrfal prforyèar èrrorA No malerwl prw)r y88r 8rroT hav8 b88n ¥Jent￿d In Ih? raportng peT*)d13.47 FRS 102 SORPI. Yes. -TKk as apprDpriale No" Please dlscloso.. (Q thonature olthe prtorpertod effor,. NOT APPLICABLE (li? foreoch piiorpwiodprosented in the accounts. the amount of the lor¢a¢h •¢coyntlin¢ ilw 8ff6ct8d.' and NOT APPLICABLE (iiij the amount of Iljo Corr￿1￿0￿ al th6 b6ylnnlny of th• eat*l8sI phorpehodpresent8dln the accounls. NOT APPLICABLE 17 Section C Notes to Ihp accounts Icontl Not• 2 AccountlngWkK91 2.2 INCOME stinLlaré WsloficcDUnthgpD￿5h•sb#On •ppl&dbytb• chdnly•xc•pl forthos• 1kk•&'￿.or'￿S'. dhY•rnnfor R•c•ird*onotlncrffi Those AT• lThthd•d Ihè SLit8mThl of FknanclilAct￿￿￿1g (SoFAl%th•n' ihp be(¥)￿3 to ￿8￿u￿9". l& th)ro ThDlthaltho ￿Si￿èÉ tho tèÈourc•s.' ond Ihp nvJnotaryvalu0 bB ￿3¥umd sufvknnt rnlwbM*¥. Th•T• hasbo•n no offs•tthg of auolssnd Uobl*kis. Or￿cer￿ •nd unkis8 Mquhd or penrted bylhe FRS 102 50RP orFR5 102. Yes No Off¥•lUr Y85 GrAnLsAnd donalkn& Dnty Inthd•d In th8 SoFAtth•n thèg•nèMllicoMo t￿(￿￿n￿n mtl5.10 to 5.12 FRS102 SOFP •nddDN¥oM Y85 thal th• thartYhaspro¥￿Od tho 8pouf48d goods as ontttknThnlto th• grnnl Ihp ￿￿ted (y)ndrtv)ny Thtl5.1fj FRS 102 50RPI. L•9Ots&È kndudéd In the SOFA￿èTh IÈ ptobabkg. thalts. hasbgÈn grnnlof pn>bat•. Ih••x8cutor& havo 8stabl&hod Ihatth8rn ava suffkknfit a￿LS In th@ &￿y(¥)￿drt￿￿g lu thv thv (y)Dbplolihp (hBrty orhovè beèn rMI. L•y¢l•• Yes Nts YÈ$ No (>fft InL*ded In the￿ Val￿ Ihe danoi. T•x Y•¢l•lrrt• Any 9Wunt on & ty¥ Ih#t 9*18nd 16 ndqhts •418d asan io tho 8am&fund astho ￿h￿Id0￿&t￿n unknth• dcnDrorth• teIn￿of BppBalhBYe Bper4fwd olhpr*rye. Yes Yas In￿ded In the SOFA the (￿a￿Y has p￿￿ed Ihe rn￿ted goDdsor s*r¥*•6 mlthg p*rf¢nY4n¢• ¢&i¢¢ c¢ndii)ti$. p•r￿arn￿￿¢• r•l•*dgrnrA rknnated goDds&rn rMa8uT8d 8tlalrvalu8 (tho aMunIfor￿*th th• as8otcou￿ b do 40. Yes The of Bny ￿0￿* Dfgoods donBIe*furdtsts*u￿￿ to deemd lu bp the I4*¥a￿& ot IhoÉ& 9fftÈ at IhÈ tlm o[thèlrtè￿1)t and IhÈy atÈ rÈtoJniwd on fÈ(*lPI In th• ropDthg pO￿￿d In tho stocks aT8 dthbui8d. th@Ya￿ TOcogn￿od afi atthp Olthp thOL*7 1tdlthu￿ts. Yq5 rh)nated goDd8fo1rnsa￿ masuted atf&*vlllu8 on inkk91￿C0g￿hI>￿. thè eyp?L*ed p￿)￿ed¥1￿)￿3&* oxpertpd costsol5&￿, aDd rtomothArtradma act￿S, coffgspondkng stocktècocTh&éd In tho sh*At rtssakn tho valuq ofstock against'lncom I￿￿OIhOrtrddi￿9 Yg5 Wo Yes QoDdsdon&lod fDion%olng by th• rncognlyod fjK•d as5qts and ¢ludpd ￿ th¢ SOFA ￿￿￿&b*. Y85 ND (jIR¥￿ kMd ffUru￿ bythe ￿&uded ￿ Ihe 5uFA InLy3r￿ DoMt•d B•r¥lc•B an t￿￿10d and la£*lByarn the SOFAwh•n atth•vabJo ofth• ghltu ihp P￿¥￿ed ihp value olihp gnl be LknBted and faL*¥lhEla￿ MWrwd￿lefy ￿[¥)￿n￿d h 9n •qU￿O￿nl¢￿vnlf•￿n￿ 0$ 9n undgrthg •pptOPfi)1g hgadlng In th• SOFA. Yes Yes Yes The L*èrfty h*¢ ￿PPort￿l￿. VC4uth•r￿1P The ¥abJ¢ ol*nyYoIuntèry￿￿ 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• SoFA*h•n Ihèo•n•rnl Incom r•counklDn mt (5.10 to 5.12 FR5102 SORPl¥nd ￿L*Jded 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 corrfi*tlng tho tharfty lo pAyo￿lr*S¢￿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 prAcI*o. 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>nyfor*8 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 IK*lm• 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 u*OQ 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 e4ur*B*nt&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 Tt*l 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 IAudttlon*l- Not• 1 Vwof Property{P¢rformanc•Vonu•sl. Not•2 ilxof PrOp•rtylA￿0rnrn0￿jll9n Cjst & Crv4vI- No¢• J Prop•Yty ITru*t•• MA•tlng1l- Not•4 UG•of Property{Rehearsal*l 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•l*M'. 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 pnpert*s. 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. Boo*kn•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 dui*S. 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 n*aLs kn advancè V0￿￿t￿Or￿. Vdunt88rA und8rtook a YBr*ty ot S iicluding Kttthen CAtethg dut￿$, ous•k••plng, C￿9n￿l9. Box Otft?. and general as¥￿tanCe. Toi81 volunt4*rhours- 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 scheN*s and SOCk91 k)Iter TL*al 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 Accommdat*Jn & 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 Plo*80 ¢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$ b*tw•*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$g provld• ¥u¢h Inlorniatlon a81• available about the plan's Surplui or dofi¢lt and the Impllcatlons, W any. forthe r*portlng ¢h•thy f¢rthl$ 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•$t y•ar. provlde detalls NOT APPLICABLE 29 SoctK)n ¢ Not8s toth8 account cont No1• 14 141 Colt Wv4lUat￿n Fr••h￿d hnd& Oth•rland & lju11￿1 Pthn4 FIMtrr•s, Totil rnotsrv•hlcl Alth9b9gr￿￿ y• 3,914 3,914 Re¥* Tra￿fer6. 3,914 3.914 1&2D•prKthtlon and lrnylrrn•Trt or RBIStrBp*t LnBorR8ducvy Ba*el SLorRB SLcrRB nmgoftheyéar 1254 D*posa 978 978 Imwarngnt Tran%fèrs' endof tr*yeAr 2232 1&3N¢t book Netknk v¥kn atthg Wnry Ofthfry￿r 2,6fj0 NUtt￿k va￿& atth8 Bndotthoy88r 1.682 IU ￿P￿rn￿nI L•sryw. H#•s*pmvM•è¢l•*¢rtpr￿lJ 30 14.5 A¢¥￿￿￿tIon IfM•cGLwntthgpalcyalrnMltt•llon l*•dopt•d,plMThpyuvld•.' Lut th•th¢ih*d*•olllt•r•v&lu•iiDn tlJ•carylng ¥￿￿￿￿11h•¢W0u￿h•w•knJ ut)dwth•eo*trMd•J. 141 0thqrdll￿o$Ur•• Lut (Q PI•Js•st•t• th*￿Ou￿1￿1b￿D￿I￿g coBts. IlaTryp C•pIt￿l￿ ttJ•con*lnKtIDnollwwlbl• 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$trB*ht*y8. ofthg És$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•• forthL*wB, ¢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•n*xtfiik4nd•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 lolhwlh*n tho trustspqxp•nsqs•xpl4ln•dln guld*nt•not•&l of*ueh p trnnsKtton$ to Trport. 28.1 Trustse r?munDrallon and ￿￿111$ Th1• y•ar Non*olth4 tiu*t••* 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•charftyhi*p•ld t￿&t￿r￿lJu￿•mtl0nan￿b￿¢l￿￿ Plea￿￿￿01h0aMOL*nt0ff. 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* +xpl*rJAtlort tsf th*n*tun) of th*p*yth*Ji. 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• p*d 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 Thl*y•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 b*h&ff OQ Ih•¢hwAtyln whl¢h •r*l•tsdpffjhM*m•t•ptsllnt•r•si, includinsT whffmfunds h*￿b•*n h*ld**•g•ntforfvl*t*dp*rtM*. Ilth*rn*n) trtn**ellL￿* 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 p*kty R41Atlots•hlp to ¢h*k1ty 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 p*rfad ITru• OrF*l*•l Amounti wditqn ¢)fl rfng roportlng p•rfod Nam• of thètru•t••or 4t•d pArty R•latlon•hlp to