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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||
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||||||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|
##
##
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##
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##
##
##
##
##
##
|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|
##
##
|13.|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|
##
##
##
##
##