Charity Registrntion No. 1078952 DEVIZES ARTS FESTIVAL (1188959) TRUSTEES. REPORT AND AUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
DEVIZES AR TS FESTIVAL LEGAL AND ADh4tNISTRA TIVE INFORMA TION Trustees: Mr V McNamara Mrs J Edwards Mrs C Goodwn-Foes Mr G Batten Ms G Neil Mrs P Morgan Mr J Bradford Mrs D Junghanns Mr5 L Holmshaw Ms M Jackson Mrs K Campbell Mr A Wc%)dison Secretary. Mrs C G(Kxlwn-Figes Charity number. 1188959 Page 2
DE VIZES AR TS FESTIVAL TRUSTEES, REPOR T For The Year Ended 31 August 2024 The trustees Present their repKJrt and accounts for the year ended 31 August 2024 The accounts have been prepared in accordance the accounting policies set out in note 1 to the acCunt$ and comply with the chanty's goveming docsjment, the chanb.es Act 2011 and the Statement of Recommended Practi. 'Accounb"ng and Reporb"ng by Charities" Trssued in March 2005. Structure, governance and management The charity was established by a charitable trust deed on 14 January 2000. The trustees who served during the year were.. Mrv McNamara Mrs J Edwards Mrs C Goodwin-Figes Mr G Batte Ms G Neil Mrs P Morgan Mr J Bradford Mrs D Junghanns Mrs L Holmshaw Ms M Jackson Mrs K Campbell Mr A Wocmjiso The trustees have assessed the major risks to whh the (arty B exposed, and are satisfied that systems are in pla lo mitigate exposure to the major risks. The trUStS review the level of reselves to ensure the continuation of the festival in the ftjture. A target level has been set eqLJivalent to a minimum of the tot21 anticipated annual cost of the festival, and a maximum of o years anticipated costs. Trustees. responsibility for the accounts Charity law requires the twstees of the fesb.val to prepare statements of account for each financjal year which give a true and fair view of the state of affairs of the festival and of tts incoming reSoUeS and application of resources for that period. In preparing those financial statements. the trustees a required to. -select surtable accounting policies and appty them consistently.. -make judgments and estirnates that are reasonabte and prudenL" -to prepare the financial statements in 2ccordance wrth the methfyjs and principles set out in the Ststement of Recommended PraCts" Accounb"ng and Reporting by Charities and to stste whether or not the accounts have been prepared in accordan with that statement and applicable a£uunling standards., -prepare the financial saternents on the going COrern basis unsS it is inappropriate to presume that the fesb.val will cofjts.nue in operatrt. The trustees are responsible for keeping proper actounting records. which are sufficient to show and expkin the Festival's transactions, and to disclose wtth reasonable auracy, at any *"me, the financial position of the Festival, and to enable them to ensure that any ststements of account compty with the requirements of the
DE VIZES AR TS FESTIVAL TR USTEES, REPOR T For the Year Ended 31 August 2024 ChaNty (Accoursls and Repxjrtsl Regulations 2008. They are also responsible for safeguarding the assets of the festival and taking reasonable steps for the ptevention and deteCtn of fraud and other irregularits"es. Objectives and activities The charity's objects are to adVa[e Ihe educabon of the wtAic in Ihe arts and in parbcular. but not exclusively. by the organising of an annual arts festival in Devvzes and the surrounding aw. The trustees have paid due regard to guidan issuwj by the Charity Commission in deciding what acb"vities the charity should undertake. 2024 Review In every conNable important reste¢ DAF 2024 proved to be a tremendous success, vmth each and every event being Well-ee1ved by our audiences, and srrbOOthty run by our volunteers. and everyone else involved. While overall ticket sales could have been better. l am very pleased to report that the qualtty of the festival. the caliber Of our guests, and the enthusiash"c responses from attendS were as g(K as ever. Lets look at a few Festival Highlights- Comedian Lucy Porter was one of my highlights wrth a nwJht of fn"endty laughter and charming wrt. Geneticist Adam Rutherford captivated the intellectualty curious with his detailed di%cussion on genetics, making a complex subject accessible and engaging. ImpressFve coming trom an academ at UCL, which is, leys face it, the third ranked college in London. If you want to know where that comment Is MIng from. you need lo see the tnessage he vffote for me when he signed my copy of his b(x)k. Doctor Phil Hamtnond, brought a unique blend of medicine. rustic rural Aussie recoltections. and highbrow comedy- informative, educational. entertaining- he should be on the BBC. Poet Hollie McNish was really an unexpected stsndout success. She sold out not once but tsVi. Her words clearly resonated with the audience, and the feedback has en oveTrthelmingty pOS"ve. She brought poetry to life in a way that connected deeply with attendees. If onty we could get someone like her every year. We were treated to a wonderfijl play atrrt)ut Kerrfs finest son. Tom Crean. which was 50 Well-r1ved we could have sold it out tsvice over if we'd thought of it in b"me. Thi5 powerful pro(luth"on brought history to the stage. leaving the audience in awe of Crean's incredible life story_ The Slambovian Circus of Dreams cioY the festival on a hh note. delNering what many have called "the best gig of the year." When I say'fflanf, I heard at least people say that. and one ofthem wasny me. Anyone who was there that night will testsfy- their ta'd-back energy and musical tslent vrds unforgettable. Page 4
DE VIZES AR TS FESTIVAL TRUSTEES, REPOR T For the Year Ended 31 AugzLSt 2024 On a personal note, and one I'm sure is shared with my co-chair. we were delighted with the performance of our committee and co-volunteers. many of whom were doing tt all for the first tlme. You guys have not jusl our thanks bul our admiration. Obviously there's no room for favourite5 bLrt rf I dKI have one. she'd be a demon Welsh talent scout with a 100% strike rate yet again. So no pressure for next year. Big thanks to lots of supporters who make it happen. lan,Stewie and at the town council. Jo and everyone at Devizes Bcx)ks. Everyone connecled wtLh all the venues and s[SOr5, esFecialty the team at the Wharf Theatre. Danny at Serenrty Audio. Thanks to Jackie Wiltshire for running Our Friends organisation once again. Thanks to Colin who ran the numbers so well. shout out to Andy and Darren at Deviine and to Ida Moconnell for all our design work. And this year, unusually, we do have a couple of pantomime villains. The Gazette and Herald for running a front page headline "Devizes Festival Cancelled" tsvo weeks before our fesbval started. You had to took in the small print to see il was one of the DOCA events. Shame on you G&H. However the villain of the year award undoubtedly gS to the Fun Pol at WiKshire Council. They threatened us with legal acb.on and outrageous fines rf we didnl dismande all our billboards. Talk about a buzzkilll Bul fear no( for every villain, there's a superhero and our5 is called Mr George Batten. Tnjst me. you donl want lo cross this guy. His keyboard has been classffied as a lethal weapon in seven slate5. Arm&1 wth nothing but wit, sarcasm, the mighty r¢ghteous power of the law. a gcth gctsjle search and a keyboard that could level a county, he saved the day. Hurrah for George. So back to the serious stuff- just as last year, we dKI lose money overall, which we Plrt down to the state of the economy. Once again. we made a conscious effort to keep ticket pri as low as Fossibfe, and to have as many events as possible priced at £10 or tower, and ifs something I belreve we need to contsnue to do next year. One frnal note- I do hy to see eath and every one of you at our Comedy Night on November 8th. We know you have a Choi of comedy Trighls thts autumn and I'm sure Ihe other ones will be fine, bul rnember DAF is the Original and still the best Let's l¢xsk forward to more of the same in 2025. Vincent McNamara Devizes Arts Festival cChaIr 23 October 2024 Page 5
DE VIZES AR TS FESTIVAL INDEPENDENT Et4MINER'S REPOR T TO THE TR USTEES OF DEVIZES AR TS FESTIVAL I report on the accounts of the charity foi the yeai ende(f 31 August 2024 which are set out on pages 7 to 14. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparatn of the accounts. The chartvs trustees consider that an audrt is not required for this year under secknon 144{2) of the chitieS Aci 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibilty to.. li} examine the accounts under SeCn 145 of the 2011 ACL (ill lo follow the procedures laid down rn the general DireCtS gNen by the Charrty Commission under secbon 14515}{bl of the 2011 Act. and (iiil lo slate whether particular matters have come to my attention. Basis of Independent examinerfs report My examination was carried out in accordan with the general Directions given by the Chartty Commission. An examination includes a revtew ol the accountsng records kept by the charity and a comparison of the accounts presented wtth those records. It a150 includes consideration of any unusual items or disclosures in the accounts, and seeking explanatrons from you as trusS ConmIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audil and consequently no opinion is given as lo whether the accounts present a 1rue and fair view and the reFQrt is limrted to those matter5 set out in the statement below. Independent examinerfs slatement In connection with my examin*"on. no matter has come to my attention: lal That gives me reasonable cause to believe that in any material respect the requirements.. To keep accounb.ng rewrds in a(ZOrdan with sects.on 130 of the 2011 Act", and To prepare accoun whTch attord with the acGounb'ng rewrds and rA)mply wth the accounts'ng requirements of the 2011 Act". have nol been mer or (b) To which. in my opinion. attentK)n shoukl be drawn in order to enable a proper understanding of the Accounts to be reached. Richard Hopkins 61 Avon Road Devizes SN10 1PS SignaturÈ....................... 2¢ 01.1t........................
DE VIZES AR TS FESTIVAL STA TEMENT OF FINANCIAL A CTIVJTIES INCLUDING INCOMEAND EYPENDJTURE ACCOUNT For Year Ended 31 Aus£ 2024 2024 2023 Incomin ource5 from Donations/Grants Actsvilies for generakn.ng fijnds Investment Incorne enerated funds 7.038 10.350 7,157 12.600 Incorning resources from charltsble actlvAties 36.041 Total Incoming rosources Rèsources expended Charitable activitres Festival costs Governance costs Other Expenditure 60.191 1,575 70,129 1.236 Total resources oxpended Net income for the yearl Net movement in funds la) Fund balarsces at 1 September 2023 124.857 129,551 Audit Over accrued Prior Year Adjustmènt 50 50 -150 Ad5usted Rètained Earnings {b 124.707 129601 Fund balance5 at 31 August 2023(a+b) Page 7
DEVIZES ARTS FESTIVAL BALANCE SHEET AsAt 31 August 2024 2024 2023 Notes Investmgnts 13 Low Risk MPS Defensive Portfolv) £87,833 80,443 Investment Revaluation R8serve 17.833 -10,443 Fixed Assets 14 Accm Net Nel 2023 Current assets 2024 2023 15 Cash at bank and in hand-. HSBC Debtors Prepayments 47.786 56,197 340 702 48.967 Total Assats Page S
DE VIZES AR TS FESTIVAL BALANCE SHEET (CONT) As At 31 August 2024 2024 2023 Creditors: amounts fallin9 due within one year 16 Income In Advance 17 2,183 Accruals 18 200 Guttent Liablllties 2.597 2,383 Total Assets loss Current Liabilities 116 370 124857 UnrestriGted funds The accounts were approved ty the Trustees on 23 October 2024 Vincent MGNamara Devizes Arts Festival Chair Jean Edwards Devizes Arts Festival co£hair Tony w(lSOn DevEes Arts Ftsb"val Treasurer Pag¢ 9
DE VIZES AR TS FESTIVAL NOTES TO THE ACCOUN35 For The Year Ended 31 August 2024 Accounling policies Basis of preparation The accounts have been prepargj under the historical cost convenbon. The acGounts have b*n prepared in accordanix wth applrcable accounting standards, the Statement of Recommended PraCts., "Accounting and Reporb"ng by Chartb'es" issued in March 2005 and the Charities Act2011. Donations 2024 2023 Friends subscriptions (1 Sept 2023 to 31 Aug 20241 DonatnS Grants rNable 2,963 158 3.008 132 Donations and gifts unrestn.cted funds.. Friends, sub5crtptions Donats"ons 2.963 158 3,008 132 Grants receivable for core activitie5 Unrestricted funds". Devizes Town Council Benefft 3,918 4,017 Local Authority Grants Devizes Town Council allows the Festival use of Town Counryl venues for perfoan, free of charge during Ihe feskn'val and at reduced rates at other bmes. These amounts have èeen quantffEd wilh the benefit shown under Gtants receiable and the expen under the relevant headings. Page lo
DEVIZES AR TS FESTIVAL NOTES TO THE ACCOUNTS (Continued) For The Year Ended 31 August 2024 Acttvitie5 for generating funds 2024 2023 Event sponsors 10.350 12,600 Investment ineome Bank Interest Incoming resources from charltable activilies Festival ticket sales Totsl resources expended 2024 2023 Charitable adNitiès Fesb'val Go5ts". ActNilies undertaken directty (Note 7) Depreciation (Note 9) 60.191 70,129 Governance costs (Note 8) 1,S7S 1,236 Pagtll
DE VIZES AR TS FESTIVAL NOTES TO THE ACCOUNTS (Continued) For The Year Ended 31 AUgst 2024 Activities undertaken diroc 2024 2023 Artists Fees and Costs Sound and lighting Venues Security Event Olhef Costs Liability Insuran Programme brochure Friends, Event Publicity and Adverbsing Box Office and Telephone costs 36.136 10,694 4.168 381 324.01 1.431 995 361 5.651 51 43,826 12,490 4,172 703 270 1,427 970 291 5,960 20 Governance costs 2024 2023 Governance costs compn'se.. Independent Examiner Admin Expenses LinS Purchases Credit Card Cost Bank & PayPal Charges AGM Costs 200 379 226 225 234 159 152 200 306 200 250 162 119 Other Expenditure 2024 2023 In-year Depreciation 10 Fruitless Payments IExpWktrJwE wilh ng Reiunn or There were no Ftuidess payments. 11 Trustges None of the trustees {or any persons connected wtth them) receivÈd any remuneration during the year. Page 12
DEVIZES AR TS FESTIVAL NOTES TO THE ACCOUNTS (Continued) For The Year Ended 31 August 2024 12 Employees There were no empbyees during the year. Investments 13 £70:000 was invested on 14 July 2014 in a low risk investrnent portfolio Investec Wealth. Movements in valuatson, as at 31 August each year. are not realtted through the Income and Expenditure Account but are taken to the Investment Reserve on the Balan¢e Sheet 2024 2023 Balance as at 1 Septemter Additions 82,852 Appreciation l- Delab"on Balan as at 31 August 14 Fixed Assets (Depreclated over 5 years) Gross Accum NBV Dep 2024 NBV 2023 All Fixed Assets have been depreciated and acLounted for through the Income & ExFenditure Account. 7.984 7.984 Page 13
DE VIZES AR TS FESTIVAL NOTES TO THE ACCOUNTS (Continued) For The Year Ended 3] August 2024 15 Current Assets: 2024 2023 Cash at bank & In4land HSBC Cash 47.686 100 47.786 56,197 56,197 Trade Debtors 340 Prepaid Expenditure Bank & Credit Card Costs Insurance SepVOct 2024 Comedy Night Costs Postage Advertising 13 11 230 325 715 136 77 16 Creditots: amounts falling due wlthin one year 2024 2023 other creditors 17 Income In Advance 2024 2023 50% Friends Subs carried forward Friends. Subscriptions Comedy Night kets 1410 30 658 1,553 30 600 18 AccTuals 2024 2023 Independent Examiner Hire of Venues Artists, Refreshments Bank Charge for August Postage 200 250 31 13 Total Accrn•ls Page 14