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2024-03-31-accounts

AVCA report for the year ending 31[st] March 2024

The tenth Allen Valleys Folk Festival was held in September 2023. This was a brilliant success and firmly placed the event in forefront of the North East’s musical calendar.

The year saw a huge increase in our social media presence with much engagement on Facebook, X (Twitter) and Instagram. This raised our profile and brought in a new audience.

The festival had a very strong lineup celebrating music, dance and heritage and featured some of the best live folk music acts from Scotland, London, Liverpool, Bristol, Belfast and Eastern Europe who performed alongside those from Tyneside, Wearside and Northumberland. Festivalgoers enjoyed a diverse range of free workshops, from early-morning yoga to sea shanties, clog dancing to creative writing. The annual burning of a wooden sculpture representing the legendary Allendale Wolf drew a huge crowd in the village square.

Ticket sales showed a 65% increase on the previous year. This was attributed to a combination of our strong social media presence and the popular lineup. Sponsorship from local companies was greatly appreciated. The collaboration with the Village Hall and the parish church worked very well and gave us ideal venues with catering and bar facilities. We were proud to be able to engage with local businesses who provided many services. As always, we were very grateful to the small army of volunteers who help make the event run smoothly.

In addition to the festival, we staged our annual New Year’s Eve Ceilidh which, once again, saw the hall at full capacity. Dancers enjoyed a fabulous evening before spilling out into the square to celebrate the New Year with the spectacular Tar Bar’ls event.

In November we promoted a performance of an up-and-coming local artist who had appeared at the festival, giving her the opportunity to play to a wider audience.

This was a very successful year for us. We were able to bring high quality performances to the isolated rural community of Allendale from both established artists and emerging talent. Our community involvement increased with an ever growing range of free activities for people to engage with.

Allen Valleys Community Arts Financial Statements For The Year Ending

31st March 2024

Charity name: ALLEN VALLEYS COMMUNITY ARTS

CIO - FOUNDATION Registered 11 Feb 2020 Company CEO20645 Charity Registration number: 1187875

Trustees Resigned Re-elected
Timothy Edward Reed 26/07/2023 26/07/2023
Peter Aldcroft
Nicholas Pepper
Hollie-Ann Coleman
David Craig Atkinson
Bryony Villiers Stuart 26/07/2023 26/07/2023
Glynn Galley
Michael Oran John Villiers-Stuart26/07/2023 26/07/2023
Appointed
Phillip Bell 14/06/2023
Kate Maughan 26/10/2023

Allen Valleys Community Arts Profit and Loss Account

For the Year Ending 31st March 2024

Previous Year Previous Year
£ £ £ £
Income
Ticket Sales 19,996 12,525
Sponsorship 2,430 1,900
Concessions (Coffee/Pizza) 1,113 92
Grants and Donations 1,256 1,937
Merchandise Sold 110 100
Raffle 830 102
Camping Income 505 210
Total Income 26,240 16,866
Direct Costs
Artist Fees 12,645 10,350
Sound & Light 1,750 1,300
Catering 1,619 755
Ticket Commission 57 191
Workshop Costs 30 0
Volunteer/Artist Expenses 998 545
PRS 735 357
Camping Expenses 277 210
18,111 13,709
Gross Contribution 8,128 3,157
Expenses
Administration 694 184
Merchandise 50 260
Insurance Expense 724 535
Donations Given 100 0
Equipment Rental 300 0
Membership 120 90
Printing 464 470
Publicity 280 220
Venue Hire 1,170 850
3,903 2,609
Surplus after Grants 4,226 548
Donation from 0 1,565
Allen Valleys Promotions
4,226 2,114

Allen Valleys Community Arts Balance Sheet

As At 31st March 2024

Previous Year Previous Year
£ £ £ £
Current Assets
Cash At Bank 10,482 3,214
Current Liabilities
Accounts Payable 735 357
Receipts in Advance and Accruals 3,408 743
4,142 1,100
Net Current Assets 6,339 2,114
Surplus for year 4,226
Surplus B/Fwd 2,114
Capital and Reserves 6,339 2,114

Independent Examiner’s Report to the Trustees of Allen Valleys Community Arts - CIO No 1173463 on the Accounts for the[period] ended 31 March 2024

Respective Responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.

It is my responsibility

- to examine the accounts under section 145 of the Charities Act; • to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and; • to state whether particular matters have come to my attention. of Independent Examiner’s Statement

Basis

My examination was carried out in accordance with general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view. Independent Examiner's Statement

In connection with my examination, no matters have come to my attention which gives me cause to believe that in any material respect: - the accounting records were not kept in accordance with s.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 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 come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

C M Welch FCA, Shilbum Road, Allendale

25 November 2024