```
REGISTERED CHARITY NUMBER: 1182100
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements
for the Year Ended 31 December 2024
```
## **`for`**
```
Local and Live Music
```
```
ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE
```
```
Local and Live Music
```
## **`Contents of the Financial Statements for the year ended 31 December 2024`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 4`|
|**`Independent Examiner's Report`**|`5`|
|**`Statement of Financial Activities`**|`6`|
|**`Balance Sheet`**|`7`|
|**`Notes to the Financial Statements`**|`8 to 13`|
|**`Detailed Statement of Financial Activities`**|`14 to 15`|
## **`Local and Live Music`**
## **`Report of the Trustees`**
## **`for the year ended 31 December 2024`**
```
The trusteespresenttheirreportwith the financialstatementsof the charityfor the year ended31 December2024. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`Charity Overview`**
```
The aims of the charityare to promotepublicappreciationof and educationin the arts, and in particularthe art of music,
bydeliveringafestivaltoincludetheperformanceofliveoriginalmusicandspokenwordandother music-related
educational events and opportunities.
```
```
The charity is based in Tunbridge Wells.
```
```
Thetrusteescontinueto closelyfollowtheguidanceof theCharityCommissionwhendevelopingstrategies, objectives
and activities relating to objects of public benefit.
```
## **`Background`**
```
A smallgroupofindividuals,headedbyPaulDunton,shareapassionformusic.Inparticulartheyhaveapassion for
originalmusicperformedlive;theycareaboutbringingthatmusicto the public,to educatethemaboutstyles& genres
that they may not know, and they care about the developmentof the musiciansand composerswho createand perform
that music. This is the origin of the annual Local and Live Music Festival.
```
```
This festival has been running since 2006 in Tunbridge Wells; it is a free-to-attend, not for profit, community event.
```
```
It started modestly as a very small event with a handful of acts on the bandstand in The Pantiles.
```
```
Theeventgrewsubstantially,and,in2018,themainstagewasinCalverleyGrounds(approx.18acresof public
parklandinthecentreof thetown)witha further6 satellitevenuesacrossthetown.Theeventtookplaceover4 days
acrosstheAugustBankHolidayweekend,featuringover100actsandwithaudiencenumbersestimatedat over 2000
per day.
```
```
Thescaleoftheeventwiththeassociatedplanning,operationsandfinance,wasgettingbeyondthescopeof an
informalgroupof individuals.Thekeymembersof thegroupfeltitwastimeto createa moreformalorganisation and,
having taken advice, agreed that a Foundation CIO would be the right way forward.
```
```
1
```
```
Local and Live Music
```
## **`Report of the Trustees for the year ended 31 December 2024`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Aftera verysuccessfulyearin 2023,the trusteeswere hopefulof repeatingthat in 2024.The yearbeganwith a launch
party in March at a local venue, The Old Auction House in The Pantiles.
```
```
In mid May, the parent/teacherassociationof ClaremontSchool,a localprimaryschool,put on Clarefestat their playing
fields.Thiswas a private,ticketedone-daymusicfestivalfor the benefitof the children,parentsand staff.Two trustees
fromLocal&LivewerecloselyinvolvedinorganisingthisandprovidedPA,lights,stagemanagement, sound
engineering,etc. (The two trusteesrun a smallmusicproductioncompanyand were ableto providethe equipment and
servicesat cost.)The eventfeaturedsomeeightlocalacts,includinga teacher'sbandanda children'sdancegroup. It
was the third year of involvement in this event and will continue in 2025.
```
```
Overthebankholidayat theendof May,thetown-wideUnFestfestivalwasputon.Thisoccursat manylocal venues
bothindoorsand outdoorsoverthe Fridayto Monday.It is looselyorganisedby the groupwho run bothThe Forum- a
nationalstatusmusicvenue-andseveralpubsintown.Thevenueshavesomelatitudeintermsofwhattheyput on
andwhen,butthereisanemphasisonlocalparticipationandoriginalmusic.TheLocal&Liveteamputon a
single-stageoutdoorevent in the SussexMews over the Saturday,Sundayand Mondayfeaturing24 differentacts. This
wasfreetoattend,andtheartistskindlygavetheirservicesatnocharge.Allthreedayswereverypopular, despite
some inclement weather!
```
```
InJune,wehadtheopportunityofworkingagainwithTheBlackdeerFestivalhttps://blackdeerfestival.com/ and
Supajam College https://www.semmuk.com/.
```
```
BlackDeerisa threeday,multi-stagecommercialfestivalof Americana,CountryandBluesmusicheldinEridge Park
nearTunbridgeWells.InternationalstarssuchasJoeBonamassa,KrisKristoffersonandmanyothershave played
there.
```
```
WehadassistedSupaJamattheBlackdeerFestivalinpreviousyearsandagainthetrusteeswereableto help
SupaJamrun a stage at the Festivalin 2024. The stage was brandedas the SupaJamStage in Associationwith Local &
Live with support from Astus - and we are very grateful to Astus for their support.
```
```
SupaJamhavethreecampusesintheSouthEast-atSwanley,BrightonandCanterbury.Theirmissionis:to help
youngpeoplewithspecialeducationalneedswhohavefallenoutofmainstreameducationengage,achieve and
progressinto furthereducationor a careerin music.Theirethoscan be summarised:to be forwardthinking,caring and
encouragingwhilstprovidingastructured,safeandnon-judgementallearningenvironmentthatallowsallour young
people to build confidence and achieve to their full potential.?
```
```
It is thereforevery appropriatethat Local & Live shouldassistthis organisation.Severaltrusteesjointlyprovidedthe PA,
lights,stagemanagementandsoundengineeringservicesfortheirstageatBlackDeer;somestudentswereable to
performonthestagewhileothersassistedwithvariousaspectsofproduction-hopefullyvaluableand entertaining
experiencesfortheminbothcases.Overthethreedays,atotalof25actsperformedonthestagewhichwas well
received by the festival audience.
```
```
At the end of June, two of the trusteeswere involvedin the productionof anotherlocal event, the MoondanceFestival at
Bells Yew Green. This was a ticketedevent that raised money for The FarmingCommunityNetwork and, at our request,
funds were also raised for Supajam Colleges.
```
## **`The Festival`**
```
Thecharity'smaineventoftheyearwasthethreedayfestivalinCalverleyPark(TunbridgeWells)overthe August
Bank Holiday.
```
```
2
```
## **`Local and Live Music`**
## **`Report of the Trustees for the year ended 31 December 2024`**
```
This is a big event for Localand Live as it is entirelyrun by the charity.While almostall the artistsgive their services for
freeor justbasicexpenses,thereare stillsignificantproductioncosts,andit remainsa concernthatthesecanbe met.
Theeventisfreetoattend- wewanttopromotenew,originalmusictoanyonewhoisinterested,irrespectiveof their
financialstatus- so the incometo covercostsmustcomefromdonations,profitsharefromretailoutletsat the festival,
grantsandsponsorship.Rethelatter,thetrusteesareextremelygratefultoMaxipayLtdaccountancy services
(http://www.maxipay.co.uk/home)who,forthethirdyear,actedasheadlinesponsors.Thisallowedthetrustees to
announce the festival, book the acts and production services, etc., from a position of reasonable financial confidence.
```
```
Thefestivalitselfwasagreatsuccess;everythingworked,theproductionwasexcellent,theactswerebrilliant. The
weatherwas not particularlywarm for August and rain did affect us on occasion.Fortunately,we do have some cover in
theformofstretchtentswhichgoessomewaytostoppeoplegettingtoowetorleavingthevenue.Theimportance of
the weather cannot be underestimatedfor an outdoor festival.Some 39 acts performedon the main stage over the three
days,withafurther36actsperforminglateshowsatTheForum,TheForumBasement,alldayattheSussex Mews,
Trinity Theatre Gardens and Sankey's Seafood Kitchen & Bar on the Monday.
```
```
113actsappliedto playat thefestival,it featuredfirst-timeperformersinadditionto lotsof familiarfaceswiththe very
bestlocal,originalmusicfromawiderangeofgenresthatincludedPop,Folk,Blues,Country,Jazz,Rock, Punk,
Americana,Indie,Alternative,Soul.Ofthe75acts,24werenewto thefestivalandmanywereyoungactsgiving their
firsteverliveperformances.WecannowseeactsthatstartedatLocal&Livereturntoheadline,andsome are
achieving national and international success.
```
```
On the Saturdaythe mainstagehosteda set by the The LewisProject,a charityset up to promotementalwellbeing in
youngmusiciansaged16+throughmusic.Duringthesix-monthrunuptothefestival,fourlocalsongwriterswent into
the projectweeklymeetingto encourageand help developtheir writingof originalmaterial.Havingnever played original
materialbefore,theprojectperformeda halfhourseton themainstagein a sought-aftertimeslot.Thissetwas made
up purely of their own songs - created through collaboration and their own hard work.
```
```
West Kent Radio participated in the main festival with artist interviews and some live music broadcasts.
```
```
The festivalmust be consideredthe most successfulyet in that it put on more acts,drew in the biggestaudienceso far
and still covered all its costs - financial details are listed in the relevant section of the trustee's report.
```
## **`Significant activities`**
```
Duringtheyear,NigelBentannouncedthathewouldberesigningasatrusteeattheendoftheyeardueto health
concerns.The board are very gratefulto him for his time and effortson behalfof charityand wish him all the best for the
future.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1182100
```
## **`Principal address`**
```
No 4
Bretland Road
Tunbridge Wells
Kent
TN4 8PB
```
```
3
```
```
Local and Live Music
```
## **`Report of the Trustees for the year ended 31 December 2024`**
## **`Trustees`**
```
J Dorman
N Bent (resigned 30.11.2024)
P Dunton
P Taylor
P Coe Accountant
P Reader
S Goodwin
A Howie
```
## **`Independent Examiner`**
```
ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE
```
```
Approved by order of the board of trustees on 15 October 2025 and signed on its behalf by:
```
```
S Goodwin - Trustee
```
```
4
```
## **`Independent Examiner's Report to the Trustees of Local and Live Music`**
## **`Independent examiner's report to the trustees of Local and Live Music`**
```
I report to the charitytrusteeson my examinationof the accountsof Localand Live Music(the Trust) for the year ended
31 December 2024.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I report in respectof my examinationof the Trust'saccountscarriedout under Section145 of the Act and in carrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b) of
the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmy examination.I confirmthatno materialmattershavecometo my attentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
J A Gibbs
```
```
ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE
```
```
30 October 2025
```
```
5
```
## **`Local and Live Music`**
## **`Statement of Financial Activities for the year ended 31 December 2024`**
|`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`16,540`
`-`
`Other trading activities`
`3`
`39,869`
`-`
`Investment income`
`4`
`214`
`-`
`Other income`
`4,118`
`-`
**`Total`**
`60,741`
`-`
**`EXPENDITURE ON`**
`Raising funds`
`1,389`
`-`
**`Charitable activities`**
`Local and Live`
`61,282`
`-`
`Unfest`
`-`
`-`
**`Total`**
`62,671`
`-`
**`NET INCOME/(EXPENDITURE)`**
`(1,930)`
`-`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`9,784`
`-`
**`TOTAL FUNDS CARRIED FORWARD`**
`7,854`
`-`|`2024`
`Total`
`funds`
`£`
`16,540`
`39,869`
`214`
`4,118`
`60,741`
`1,389`
`61,282`
`-`
`62,671`
`(1,930)`
`9,784`
`7,854`|`2023`
`Total`
`funds`
`£`
`36,810`
`28,107`
`141`
`-`
`65,058`
`1,552`
`65,161`
`40`
`66,753`
`(1,695)`
`11,479`
`9,784`|
|---|---|---|
```
The notes form part of these financial statements
```
```
6
```
## **`Local and Live Music`**
## **`Balance Sheet 31 December 2024`**
|`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`FIXED ASSETS`**
`Intangible assets`
`7`
`1,050`
`-`
**`CURRENT ASSETS`**
`Debtors`
`8`
`843`
`-`
`Cash at bank`
`46,281`
`-`
`47,124`
`-`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
`(40,320)`
`-`
**`NET CURRENT ASSETS`**
`6,804`
`-`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`7,854`
`-`
**`NET ASSETS`**
`7,854`
`-`
**`FUNDS`**
`10`
`Unrestricted funds`
**`TOTAL FUNDS`**|`2024`
`Total`
`funds`
`£`
`1,050`
`843`
`46,281`
`47,124`
`(40,320)`
`6,804`
`7,854`
`7,854`
`7,854`
`7,854`|`2023`
`Total`
`funds`
`£`
`2,100`
`3,908`
`4,016`|
|---|---|---|
|||`7,924`
`(240)`|
|||`7,684`|
|||`9,784`|
|||`9,784`|
|||`9,784`|
|||`9,784`|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon15October2025 and
were signed on its behalf by:
```
```
S Goodwin - Trustee
```
```
The notes form part of these financial statements
```
```
7
```
```
Local and Live Music
```
## **`Notes to the Financial Statements for the year ended 31 December 2024`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.
```
## **`Income`**
```
Allincomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasis and
hasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedto particularheadingsthey have been allocatedto activitieson a basisconsistentwith the use
of resources.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
`Grants`|`2024`
`£`
`14,665`
`1,875`
`16,540`|`2023`
`£`
`30,810`
`6,000`|
|---|---|---|
|||`36,810`|
```
Grants received, included in the above, are as follows:
```
||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|`TWBC Sound of the Wells`|`1,875`|`1,650`|
|`Royal Tunbridge Wells Together`|`-`|`4,350`|
||`1,875`|`6,000`|
```
continued...
```
```
8
```
## **`Local and Live Music`**
## **`Notes to the Financial Statements - continued for the year ended 31 December 2024`**
## **`3. OTHER TRADING ACTIVITIES`**
## **`4.`**
|`Merchandise sales`
`Sponsorships`
**`INVESTMENT INCOME`**
`Deposit account interest`|`2024`
`£`
`1,869`
`38,000`
`39,869`
`2024`
`£`
`214`|`2023`
`£`
`2,257`
`25,850`|
|---|---|---|
|||`28,107`|
|||`2023`
`£`
`141`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norforthe year
ended 31 December 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended
31 December 2023.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`Restricted`
`fund`
`fund`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`36,810`
`-`
`Other trading activities`
`28,107`
`-`
`Investment income`
`141`
`-`
**`Total`**
`65,058`
`-`
**`EXPENDITURE ON`**
`Raising funds`
`1,552`
`-`
**`Charitable activities`**
`Local and Live`
`65,161`
`-`
`Unfest`
`40`
`-`
**`Total`**
`66,753`
`-`
**`NET INCOME/(EXPENDITURE)`**
`(1,695)`
`-`|`Total`
`funds`
`£`
`36,810`
`28,107`
`141`|
|---|---|
||`65,058`|
||`1,552`
`65,161`
`40`|
||`66,753`|
||`(1,695)`|
```
continued...
```
```
9
```
## **`Local and Live Music`**
## **`Notes to the Financial Statements - continued for the year ended 31 December 2024`**
|**`6.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|||
|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Total`|
|||`fund`|`fund`|`funds`|
|||`£`|`£`|`£`|
||**`RECONCILIATION OF FUNDS`**||||
||`Total funds brought forward`|`11,479`|`-`|`11,479`|
||**`TOTAL FUNDS CARRIED FORWARD`**|`9,784`|`-`|`9,784`|
|**`7.`**|**`INTANGIBLE FIXED ASSETS`**||||
|||||`Computer`|
|||||`software`|
|||||`£`|
||**`COST`**||||
||`At 1 January 2024 and 31 December 2024`|||`5,250`|
||**`AMORTISATION`**||||
||`At 1 January 2024`|||`3,150`|
||`Charge for year`|||`1,050`|
||`At 31 December 2024`|||`4,200`|
||**`NET BOOK VALUE`**||||
||`At 31 December 2024`|||`1,050`|
||`At 31 December 2023`|||`2,100`|
||`The intangible asset above represents the capitalisation of the website created for `||`the charity. `|`The charity will`|
||`amortisatise the asset over a 5 year period.`||||
|**`8.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
||||`2024`|`2023`|
||||`£`|`£`|
||`Other debtors`||`843`|`3,908`|
```
continued...
```
```
10
```
```
Local and Live Music
```
## **`Notes to the Financial Statements - continued for the year ended 31 December 2024`**
## **`9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|`Other creditors`|`40,320`|`240`|
```
Includedwithinothercreditorsisdeferredincomeof£40,000.Thisamountrelatestosponsorship received
during 2024 relating to 2025.
```
## **`10. MOVEMENT IN FUNDS`**
|**`MOVEMENT IN FUNDS`**||||
|---|---|---|---|
|||`Net`||
|||`movement`|`At`|
||`At 1.1.24`|`in funds`|`31.12.24`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`9,784`|`(1,930)`|`7,854`|
|**`TOTAL FUNDS`**|`9,784`|`(1,930)`|`7,854`|
|`Net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`60,741`|`(62,671)`|`(1,930)`|
|**`TOTAL FUNDS`**|`60,741`|`(62,671)`|`(1,930)`|
|**`Comparatives for movement in funds`**||||
|||`Net`||
|||`movement`|`At`|
||`At 1.1.23`|`in funds`|`31.12.23`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`11,479`|`(1,695)`|`9,784`|
|**`TOTAL FUNDS`**|`11,479`|`(1,695)`|`9,784`|
```
continued...
```
```
11
```
## **`Local and Live Music`**
## **`Notes to the Financial Statements - continued for the year ended 31 December 2024`**
## **`10. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`65,058`|`(66,753)`|`(1,695)`|
|**`TOTAL FUNDS`**|`65,058`|`(66,753)`|`(1,695)`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.1.23`|`in funds`|`31.12.24`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`11,479`|`(3,625)`|`7,854`|
|**`TOTAL FUNDS`**|`11,479`|`(3,625)`|`7,854`|
```
A currentyear 12 monthsand prior year 12 monthscombinednet movementin funds,includedin the above are
as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`125,799`|`(129,424)`|`(3,625)`|
|**`TOTAL FUNDS`**|`125,799`|`(129,424)`|`(3,625)`|
```
continued...
```
```
12
```
```
Local and Live Music
```
## **`Notes to the Financial Statements - continued for the year ended 31 December 2024`**
## **`11. RELATED PARTY DISCLOSURES`**
```
N Bent also grantedthe charitya loan of £5,000 (2023: £10,000)to aid cashflow,this was fully repaid at the year
end.
```
## **`12. ULTIMATE CONTROLLING PARTY`**
```
During the year the charity was controlled by the appointed Trustees.
```
```
13
```
## **`Local and Live Music`**
## **`Detailed Statement of Financial Activities for the year ended 31 December 2024`**
|**`for the year ended 31`**|**`December 2024`**||
|---|---|---|
||`2024`|`2023`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`14,665`|`30,810`|
|`Grants`|`1,875`|`6,000`|
||`16,540`|`36,810`|
|**`Other trading activities`**|||
|`Merchandise sales`|`1,869`|`2,257`|
|`Sponsorships`|`38,000`|`25,850`|
||`39,869`|`28,107`|
|**`Investment income`**|||
|`Deposit account interest`|`214`|`141`|
|**`Other income`**|||
|`Event program adverts`|`4,118`|`-`|
|**`Total incoming resources`**|`60,741`|`65,058`|
|**`EXPENDITURE`**|||
|**`Other trading activities`**|||
|`Purchases`|`1,389`|`1,552`|
|**`Charitable activities`**|||
|`Event management`|`5,715`|`4,691`|
|`Hire of equipment`|`46,867`|`45,523`|
|`Subcontractors`|`75`|`-`|
|`Health and safety`|`1,728`|`1,900`|
|`Waste collection`|`1,800`|`4,499`|
|`Computer software`|`1,050`|`1,050`|
||`57,235`|`57,663`|
|**`Support costs`**|||
|**`Management`**|||
|`Postage and stationery`|`105`|`-`|
|`Advertising and promotional`|`3,604`|`5,408`|
||`3,709`|`5,408`|
```
This page does not form part of the statutory financial statements
```
```
14
```
## **`Local and Live Music`**
## **`Detailed Statement of Financial Activities for the year ended 31 December 2024`**
||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|**`Management`**|||
|**`Finance`**|||
|`Insurance`|`-`|`1,674`|
|`Bank charges`|`216`|`216`|
||`216`|`1,890`|
|**`Information technology`**|||
|`Domain costs`|`42`|`-`|
|**`Governance costs`**|||
|`Accountancy and legal fees`|`80`|`240`|
|`Total resources expended`|`62,671`|`66,753`|
|**`Net expenditure`**|`(1,930)`|`(1,695)`|
```
This page does not form part of the statutory financial statements
```
```
15
```