2022-03-31-accounts - The British and International Federation of Festivals for Music, Dance and Speech

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Trustees
Steven Roberts (Chair)
Deborah Kate Norris (Vice	Chair)
John Logan (Honorary Treasurer)
Yvonne Baisden
Paul Norton Hill
Clara Angela Iris Lane
Keith Ronald Lowe
Robert MacDonald
Priscilla Louise Morris
Independent Examiner
Riley5Co Limited
Chartered Accountants
52 StJohns Lane
Halifax
West Yorkshire
HX1 2BW
Investment Managers
Brewin Dolphin
12Smithfield Street
London
EC1A9BD
Website
www. federationoffestivals.	org.uk
Patron

					31/3/22	31/3/21
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	E	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			17,350	2,000	19,350	53,418
Charitable activities
Copyright and Insurance			41,778		41,778	23,193
Members Subscriptions			56,626		56,626	54,322
Other trading activities			3,458		3,458	381
Investment income			4,926		4,926	5,724
Total			124,138	2,000	126,138	137,038
EXPENDITURE ON
Raising funds			2,397		2,397	951
Charitable activities
Copyright, Insurance and DBS			33,748		33,748	48,813
Members Services			73,065	50	73,115	77,620
Members Support and Administration			10,432		10,432	10,433
Governance			2,446		2,446	2,904
Total			122,088	50	122,138	140,721
Net gains on investments			5,057		5,057	38,360
NET INCOME			7,107	1,950	9,057	34,677
Other recognised gains/(losses)
Gains on revaluation offixed assets			137,500		137,500
Net movement in funds			144,607	1,950	146,557	34,677
RECONCILIATION OF FUNDS
Total funds brought forward			465,686	3,500	469,186	434,509
TOTAL FUNDS CARRIED FORWARD			610,293	5,450	615,743	469,186

		31/3/22	31/3/21
	Notes	E	E
FIXEDASSETS
Tangible assets	14	314,189	170,520
Investments	15	242,712	240,007
		556,901	410,527
CURRENT ASSETS
Stocks	16	363	310
Debtors	17	36,044	34,819
Cash at bank and in hand		88,500	99,394
		124,907	134,523
CREDITORS
Amounts falling due within one year	18	(52,565)	(25,864)
NET CURRENT ASSETS		72,342	108,659
TOTAL ASSETS LESSCURRENT LIABILITIES		629,243	519,186
CREDITORS
Amounts falling due after more than one year	19	(13,500)	(50,000)
NET ASSETS		615,743	469,186
FUNDS	23
Unrestricted funds		610,293	465,686
Restricted funds		5,450	3,500
TOTAL FUNDS		615,743	469,186

DONATIONS	AND LEGACIES	AND LEGACIES
			31/3/22	31/3/21
			f	E
Donations			8,513	6,054
Grants			10,837	47,364
			19,350	53,418
Grants received, included		in the above, are as follows:
			31/3/22	31/3/21
			E	f
Coronavirus	Job Retention	Scheme	10,837	47,364
OTHER TRADING ACTIVITIES
			31/3/22	31/3/21
			E	E
Members services and other			1,758	381
Conference			1,700
			3,458	381

4.	INVESTMENT INCOME	INVESTMENT INCOME	INVESTMENT INCOME	INVESTMENT INCOME	INVESTMENT INCOME
									31/3/22	31/3/21
									f	f
	Managed	investment			fund and	deposit account income			4,926	5,724
5.	INCOME FROM CHARITABLE ACTIVITIES
									31/3/22	31/3/21
						Activity			f	f
	Copyright	and insurance				Copyright	and Insurance		41,778	23,193
	Members	Subscriptions				Members	Subscriptions		56,626	54,322
									98,404	77,515
6.	RAISING FUNDS
	Raising donations		and		legacies
									31/3/22	31/3/21
									f	f
	Travel and other costs								765	2
	Conference costs								1,348	949
	Centenary	costs							162
	Sales and	Marketing/			Profile Raising				122
									2,397	951
7.	CHARITABLE ACTIVITIES COSTS
								Direct	Support
								Costs (see	costs (see
								note 8) f	note 9) f	Totals f
	Copyright,	Insurance		and DBS				30,788	2,960	33,748
	Members	Services						66,701	6,414	73,115
	Members	Support	and Administration					9,517	915	10,432
	Governance								2,446	2,446
								107,006	12,735	119,741

					31/3/22	31/3/21
					f	f
Staff costs					91,605	95,037
Postage and		stationery			2,164	1,788
Sundries					52
Copyright cover and			insurance		11,536	23,004
Child protection						200
Awards					32
DBScosts					792
Bad debts					98
Irrecoverable		VAT			727	311
					107,006	120,340
SUPPORT COSTS
						Information
				Management f	Finance f	technology f
Copyright,	Insurance		and DBS	(1,242)	1,274	2,077
Members Services				(2,687)	2,759	4,500
Members Support and Administration				(383)	393	642
Governance
				(4,312)	4,426	7,219
					Governance
				Other	costs	Totals
				f	f	f
Copyright,	Insurance		and DBS	851		2,960
Members Services				1,842		6,414
Members Support and Administration				263		915
Governance					2,446	2,446
				2,956	2,446	12,735

STAFF COSTS
			31/3/22	31/3/21
			E	E
Wages and salaries			87,855	90,915
Social security costs			2,071	2,570
Other pension costs			1,679	1,552
			91,605	95,037
The average monthly	number ofemployees	during the year was as follows:
			31/3/22	31/3/21
General manager			1	1
Administrative and support			4	4

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		f	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		53,418		53,418
Charitable activities
Copyright and Insurance		23,193		23,193
Members Subscriptions		54,322		54,322
Other trading activities		381		381
Investment income		5,724		5,724
Total		137,038		137,038
EXPENDITURE ON
Raising funds		951		951
Charitable activities
Copyright, Insurance and DBS		48,813		48,813
Members Services		77,620		77,620
Members Support and Administration		10,433		10,433
Governance		2,904		2,904
Total		140,721		140,721
Net gains on investments		38,360		38,360
NET INCOME		34,677		34,677
RECONCILIATION OF FUNDS
Total funds brought forward		431,009	3,500	434,509
TOTAL FUNDS CARRIED FORWARD		465,686	3,500	469,186

TANGIBLE FIXEDASSETS
		Freehold	Office
		property E	equipment f	Totals E
COST OR VALUATION
At 1stApril 2021		175,000	66,665	241,665
Revaluations		137,500		137,500
At 31st March 2022		312,500	66,665	379,165
DEPRECIATION
At 1st April 2021		10,500	60,495	70,995
Charge for year		3,125	1,356	4,481
Revaluation adjustments		(10,500)		(10,500)
At 31st March 2022		3,125	61,851	64,976
NET BOOK VALUE
At 31st March 2022		309,375	4,814	314,189
At 31st March 2021		164,500	6,170	170,670
Cost or valuation at 31st March 2022 is represented	by:
		Freehold	Office
		property E	equipment E	Totals f
Valuation in 2022		312,500	66,665	379,165

15.	FIXED ASSET I		NVE	STM	ENT	S
									Listed
									investments
									f
	MARKET VALUE
	At 1st April 2021								240,007
	Additions								139,227
	Disposals								(141,579)
	Revaluations								5,057
	At 31stMarch		2022						242,712
	NET BOOK VALUE
	At 31stMarch		2022						242,712
	At 31stMarch		2021						240,007
	There were no		investment			assets outside the UK.
	Cost or valuation			at 31st March 2022 is represented			by:
									Listed
									investments
									f
	Valuation in 2022								242,712
16.	STOCKS
								31/3/22	31/3/21
								f	f
	Stocks							363	310
17.	DEBTORS:AMOUNTS				FALLING DUE WITHIN ONE YEAR
								31/3/22	31/3/21
								f	f
	Trade debtors							125
	VAT							887	73
	Prepayments	and		accrued		income		35,032	34,746
								36,044	34,819

18.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
					31/3/22	31/3/21
					f	E
	Bank loans	and overdrafts		(see note 20)	36,500
	Trade creditors				3,217	6,961
	Social security and other		taxes		1,486	1,664
	Credit Card	—RBS			212	95
	Accruals and deferred income				11,150	17,144
					52,565	25,864
19.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					31/3/22	31/3/21
					f	E
	Bank loans	(see note 20)			13,500	50,000
20.	LOANS
	An analysis	ofthe maturity		ofloans is given below:
					31/3/22	31/3/21
					f	f
	Amounts falling due within one year on demand:
	Bank loans				36,500
	Amounts falling between			one and two years:
	Bank loans	-1-2 years			1,500	10,000
	Amounts falling due between two and five years:
	Bank loans	—2-5 years			4,500	30,000
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5yr by	instal		7,500	10,000

ANALYSIS O	F NET ASSET	S BETWEEN FUNDS
					31/3/22	31/3/21
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			E	f	E	E
Fixed assets			314,189		314,189	170,520
Investments			242,712		242,712	240,007
Current assets			119,457	5,450	124,907	134,523
Current liabilities			(52,565)		(52,565)	(25,864)
Long term liabilities			(13,500)		(13,500)	(50,000)
			610,293	5,450	615,743	469,186
MOVEMENT	IN FUNDS
					Net
					movement	At
				At 1/4/21	in funds	31/3/22
				f	f	E
Unrestricted	funds
General fund				465,686	(268)	465,418
Revaluation	reserve				144,875	144,875
				465,686	144,607	610,293
Restricted funds
SHarrison Fund				50		50
Margaret Lane Award				3,450	(50)	3,400
West London	Pianoforte	Festival			2,000	2,000
				3,500	1,950	5,450
TOTAL FUNDS				469,186	146,557	615,743

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	f	E	E
Unrestricted	funds
General fund			124,138	(129,463)	5,057	(268)
Revaluation	reserve			7,375	137,500	144,875
			124,138	(122,088)	142,557	144,607
Restricted funds
Margaret Lane Award				(50)		(50)
West London	Pianoforte	Festival	2,000			2,000
			2,000	(50)		1,950
TOTAL FUNDS			126,138	(122,138)	142,557	146,557

				Net
				movement	At
			At 1/4/20	in funds	31/3/21
			f	E	E
Unrestricted		funds
General fund			431,009	34,677	465,686
Restricted	funds
SHarrison	Fund		50		50
Margaret	Lane Award		3,450		3,450
			3,500		3,500
TOTAL FUNDS			434,509	34,677	469,186

			Incoming	Incoming	Resources	Gains and	Movement
			resources		expended	losses	in funds
				E	E	f	E
Unrestricted	funds
General fund			137,038		(140,721)	38,360	34,677
TOTAL FUNDS			137,038		(140,721)	38,360	34,677
A current year 12months		and prior year 12	months combined	position	is as follows:
						Net
						movement	At
					At 1/4/20	in funds	31/3/22
					f	f	f
Unrestricted	funds
General fund					431,009	34,409	465,418
Revaluation	reserve					144,875	144,875
					431,009	179,284	610,293
Restricted funds
5 Harrison Fund					50		50
Margaret Lane Award					3,450	(50)	3,400
West London	Pianoforte	Festival				2,000	2,000
					3,500	1,950	5,450
TOTAL FUNDS					434,509	181,234	615,743

			Incoming	Resources	Gains and	Movement
			resources E	expended E	losses E	in funds f
Unrestricted	funds
General fund			261,176	(270,184)	43,417	34,409
Revaluation	reserve			7,375	137,500	144,875
			261,176	(262,809)	180,917	179,284
Restricted funds
Margaret Lane Award				(50)		(50)
West London	Pianoforte	Festival	2,000			2,000
			2,000	(50)		1,950
TOTAL FUNDS			263,176	(262,859)	180,917	181,234