|**ELGAR FESTIVAL**|||||||
|---|---|---|---|---|---|---|
|||**Year ended 30th**
**September 2023**|||**Six months ended 30th**
**September 2022**||
|**RECEIPTS AND PAYMENTS ACCOUNT**||**£**|**£**||**£**||
||||||||
||||||||
|**RECEIPTS**|||||||
|Grants - Local Authorities||14,550.00|||15,000.00||
|Private trusts / Foundations||39,371.97|||11,500.00||
|Arts Council||44,231.00|||29,928.00||
|Box Office Receipts||13,447.39|||9,199.13||
|Sale of programmes||1,462.21|||1,175.80||
|Miscellaneous income||43.95|||12.50||
||||113,106.52||66,815.43||
||||||||
|**PAYMENTS**|||||||
|Marketing and promotional||(14,790.89)|||(9,815.61)||
|Artistic and creative||(19,613.39)|||(20,316.55)||
|Venue hire||(6,474.92)|||(5,800.16)||
|Orchestra||(52,946.08)|||(25,977.73)||
|Music Scores||(4,003.83)|||(1,430.68)||
|Miscellaneous expenditure||(7,880.99)|||(553.29)||
||||(105,710.10)||(63,894.02)||
||||||||
||||||||
|Excess of receipts over payments|||7,396.42||2,921.41||
||||||||
|Balance brought forward at start of period|||8,767.92||5,846.51||
||||||||
||||||||
|Balance carried forward at 30th September 2023|||**16,164.34**||**8,767.92**||
||||||||
||||||||
||||||||
||||||||
||||||||
|**STATEMENT OF ASSETS AND LIABILITIES**|||**As at 30th**
**Sept 2023**||**As at 30th**
**Sept 2022**||
||||**£**||**£**||
||||||||
|Cash at Barclays Bank|||**16,164.34**||**8,767.92**||
1
|**ELGAR FESTIVAL**|||||||
|---|---|---|---|---|---|---|
|||**Year ended 30th**
**September 2023**|||**Six months ended 30th**
**September 2022**||
|**RECEIPTS AND PAYMENTS ACCOUNT**||**£**|**£**||**£**||
||||||||
||||||||
|**RECEIPTS**|||||||
|Grants - Local Authorities||14,550.00|||15,000.00||
|Private trusts / Foundations||39,371.97|||11,500.00||
|Arts Council||44,231.00|||29,928.00||
|Box Office Receipts||13,447.39|||9,199.13||
|Sale of programmes||1,462.21|||1,175.80||
|Miscellaneous income||43.95|||12.50||
||||113,106.52||66,815.43||
||||||||
|**PAYMENTS**|||||||
|Marketing and promotional||(14,790.89)|||(9,815.61)||
|Artistic and creative||(19,613.39)|||(20,316.55)||
|Venue hire||(6,474.92)|||(5,800.16)||
|Orchestra||(52,946.08)|||(25,977.73)||
|Music Scores||(4,003.83)|||(1,430.68)||
|Miscellaneous expenditure||(7,880.99)|||(553.29)||
||||(105,710.10)||(63,894.02)||
||||||||
||||||||
|Excess of receipts over payments|||7,396.42||2,921.41||
||||||||
|Balance brought forward at start of period|||8,767.92||5,846.51||
||||||||
||||||||
|Balance carried forward at 30th September 2023|||**16,164.34**||**8,767.92**||
||||||||
||||||||
||||||||
||||||||
||||||||
|**STATEMENT OF ASSETS AND LIABILITIES**|||**As at 30th**
**Sept 2023**||**As at 30th**
**Sept 2022**||
||||**£**||**£**||
||||||||
|Cash at Barclays Bank|||**16,164.34**||**8,767.92**||
1
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE**
## **ELGAR FESTIVAL**
I report to the trustees on my examination of the accounts of the Elgar Festival, Worcester for the six months ended 30th September 2023.
## **Responsibilities and basis of the report**
As 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 trustees’ 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 Commissioners under section 145(5) (b) of the Act.
## **Independent Examiner’s Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
- (i) accounting records were not kept in respect of the trustees as required by section 130 of the Act; or
- (ii) the accounts do not accord with those records.
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.
**Jackie Reilly BSc CPFA 8 Amid Road Canvey Island Essex SS8 8EB**
**Independent Examiner Date**
## **ELGAR FESTIVAL**
## **APPENDIX TO THE ANNUAL REPORT FOR YEAR ENDED 30TH SEPTEMBER 2023 - FINANCIAL REVIEW**
The 2023 festival was held in early June, at the traditional time close to Elgar’s birthday.
The 2023 festival was supported by a grant from the Arts Council of £44,231 as well as Local Authority grants amounting to £14,550 and private income from trusts and foundations of £39,372. The festival is very appreciative of these grants and donations. Total income was £113,107, which includes sales of tickets and programmes.
The total cost of putting on the festival was £105,710, which includes artists, the orchestra, venue hire and other associated costs.
As at 30th September 2023 the festival had £16,164 in its current account at Barclays Bank.
Sue Wright BSc FCCA Treasurer 14th October 2023