Reglstered number. 00818973
Charfty number. 238476
THE STOUR FESTIVAL COMPANY
LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

THE STOUR FESTiVAL COMPANY LIMITED
CONTENTS
Pago
Refer•nca and admlnlstratlve detalls of the Charty, its Trustees and advlsers
Tntstees. report
Independent examlnerfs report
statement of flnantial a¢tivitle5
Balance Sheet
9-10
Notos to the financlal statemonts
11-25

THE STOUR FESTIVAL COMPANY LIMITED
REFERENCE AND ADMINISTRATtVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trust98*
P A Batchalor, Chairman
G J Holboum
Mrs D E Hume
Mrs J G Loudon DL
D Millington {appoinled 11 ￿)ri120241
Mrs K F Miteatfe
CHPage
T D D Hoffixan MBE. Chaiman (resigned 17 November 2023}
Presld•nt and Ufe Patron
M Deller
Company registered numb•r
00818973
Chadty registered number
238476
Reglstered office
Hanwood Housg, Henwofyd. A8hford. Kent, TN24 8DH
Company sacretsry
G J Holboum FCA FCCA DCtLA
Artlstlc director
R Holh'ngworth
Accountsnts
Magee Gammon. Henwood House. H8nwood, Ashford, Kent, TN24 8DH
B•nkorn
Barclay8 Bank Plc. 13 Fremlin Walk, Maidstone. Kent. ME14 1QG
Bardays Bank Plc. 66 High Street. Ashford, Kent, TN24 8TL
CCLA Investment Management L¥nited, One Angel Lane, London. EC4R 3AB
Investment Managè
Billie Gifford & Co, 1 st FIcKJr. Grimaldi House, 28 St Jame8'8 Square. London. SW1Y 4JH
M&G Securities Limited, Lauren¢8 Poutney Hill,London. EC4R OHH
Ruffer LLP. 80 VKtoria Str8eL London. SW1E 5JL
Sarasin and Partners LLP. Juxcm H￿Se, 100 St Paul's Churchyard, London, EC4M 8BU
Savilts Charitlos Pr¢perty Fund, 33 Margaret str8et, London, W1G OJD
Page 1

THE STOUR FESTIVAL COMPANY LIMITED
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Tnjstees present th8ir annual report together with the financial statements of the Ch8rty, Th8 Stour Fostival
Company Limited. for the year ended 31 August 2024. The Trustees confim that the Annual Report and financial
slalemenls of the Company compty with the current statutory requirements, the requirements of the Companls
governing document and the provisions of the Statement of Recommended Practice ISORP), applicable tc
charities preparing their accounts in ac￿rdanCe with the Finawal Repc4ting Standard applic*le in the UK and
Republic of Ir8land IFRS 102) (effective 1 January 20191.
Since the Charty qualrfies as small under section 382 of the Companies Act 2006, the Stralagic report required
of medium and large companies under the Compani&s Act 2006 (Strategic Report and Dir8etors' Report)
RegulatKJns 2013 has been omitted.
The Charity also operates under the name Stour Music. These financial statements have b88n drawn up for the
yew ended 31 August 2024.
ObS8ctiv•s and acdvltles
a. Pollcies and oblethgs
The objacts of the Charity are the promotion and e￿oUrageMent of the Arts. prtmarity by the produdi¢n of
musical recilaLs. but not exduding opera. plays. drama. lectures, readings and other artist￿ aclNfties of an
educational nature.
In setting objectives and planning for activiti8s. the Trustees have gTri8n du8 consid8ration to g8naral guidanc8
published by the Charfty Comml$$lon relating to public benefiL induding the guidance Fublic benefiL' running a
charity (PB2)'.
b. Activltl•s undertaken to achlove objectives
The Charity pwdgs financial backing for an annual Muslc Fest￿al (Stouf Music} which Is adve￿se￿.
Tickets are subsidis8d by th8 Charity and are available to the general public. The Directors confirm that they
hav8 refèrred to the guidan￿ contained in the Charty Commission's general guidance on public benefft when
r8vt8wing the Chartys aims and obieGtThies. and in plannirbg ftrture xtwitie¥.
Page 2

THE STOUR FESTIVAL COMPANY UMITED
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Achievements and p9rfomiance
Revlew of activities
The 62nd year of Stour Music F8stDial, 2024 saw tha F8sliv81 Continue to come back up from the Covid era. Our
Aitislic Director. Robert Hollingworth, again produced an interesting and varied programme, which buitt on the
solid foundations laid oveT many years, and which combined elements which eould be said to be vintage Festival
fare with some fascinating new areas. This also refigCt8d his wsh lo have superb artists and repertoire, but also
to create more of a complete eyrience around them.
The FestNal began with earfy 17th ￿ntUry Venice arKI Rome thapsodic music featuring Apollo's Lyre in a
gloriou5 programm& wf(h the bNo sopranos. Julia Do￿8 and Hannah Ety. a¢¢ompanied by harp, theorbo and
olins. a brilliant start lo the Festival with some fantastic singing and playing. The late night then took up a
theme from an eartier Festival which had Tango and Jacobean dance, by gi￿ng us an hour of flameneo. This
was a superb display of that Spanish artistic and cuttural tradi(ion, with wrtuoso guitar-playng and colourful and
dramatic singing and dancing. The Saturday concert was a Handel affair with the Dewne Musick directed by
Festival stsNvart Stephen Devine. and featuring both the Water Music and musie for the Royal Fireworks,
terspersed with arias divinety sung by Anna Dènnls. Hawng heard the music in the church, there followed
soma spectscular fireworf(s in the fiekl. Everybody then moved into tho tent for a bit of cabaret wth Molty Raine
and our distinguished Committee member. Matthew tQng, giving us the songs of N<*1 Coward and Cole Porter,
great tunas wtiily delivered. The Sunday aftemoon concert had to change perfomier from Word of Thunder to
The Lyons Mouth. a young choir from York. They gave a concert of music for double choir, making a beautiful
ich sound throughout, and keeping up Ouf tradition of creating opportunty for young thsls at the outset of a
professional oreer.
The second weekend began with a semi-slaging of Hand81's op8ra Orlando, done a 18 Gtyndeboume, tsvo
h8fv9s and a supper interval in the middle. This was imaginatively conceived, with the added bonus of the
excellont singing being complemented by gracefvl baroque dance and gestures. which were extraordinari
axpressive. On the second Saturdaythe Barokksolistene, "currently the hottest early rnU5ic act in Europe". with
soprano Mary Bewan, gave an a5tonishingty bravura perfomiance. Earfier in the week, on June 25th, they h
done a wothshop in Ashford School. a tsrrific innovation for the Festival mastemiinded by Tessa Jones. a
m8mb8r of the Slour Mugic Commimee. Their Concert was brilliant, fvll of energy and spell-binding- their abilty to
put aside their instruments and sing a5 a capella 8-voic8 choir was utterly charming. They then reappeared later
that evening for The Alehouse Sessions. exploring cultu¥al lrfe in Cromwell's London, °Purcell as if you catch him
at the rnoment of composition, musing, playing with ideas in his mind.. This was great fun. and they coped
admirably with being in a church rather than an actual alèhousel The final concert was a feast of tr40 Haydns
and a Beethoven. with the Stour Classul Players & Festival Choir, Boxwood and Brass, all direded by Robert
Hollingworth.
We thank Ihe Boughton Aluph PCC. the landowner5 who proMd¢ thgi¥ fiekls fof marquees and carparknng, as
well as cutting the grBSS. We remain indebtèd lo our Friends, team of Volunteers. Cate￿￿5 and all who manage
the site. Our sincerdy grateful thanks go to our Sponsors of each concert, wthout whom the Festival could not
rnairrtain the highest of staThJards of perfomiancfr enabling great enjoyment for all thosa who attond th8 F8slival.
b. Investment pollcy and perforn)ance
The Truste88' inVeSth￿nt policy is intended to protg¢t th8 CharitV5 reserves arKt to achi8v8 a satisfactory total
retum on the investments over the long term in support of ils promotion and encouragement of the Arts.
The movements in the listed investsnents during the year are set out in n¢kn 13 to the financlal stslements.
Under the lems of the Memaranthm and Artlcles of ASSOCIat￿ the Trustees have the power to make any
changes to the inv8slmenls they feel necessary in order to maintain andlor improve the Charitys income aTh
Page 3

THE STOUR FESTIVAL COMPANY LIMITED
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Flnanclal revlew
a. Financial Review
The income for tha year from voluntary sources. including donations. sponsorship and frier)ds' subscriptions
amounted lo £112,864 12023 - £105.8271. Investment income amounted to £19,127 (2023 £14,290} and
income from charitable activitses, which includes ticket $ales and fundraising, amounted to £78,77212023
£72.050)- Total inc0rn8 for the year anK)unted to £210,76312023- £192,167).
Expenditur8 of diract charitabl• eX￿nditurÉ amounted to £180,125 12023 - £178.69S) whilst govemance coats
amounted to £14,95412023- £8,210). Total expenditure for the year amounted to £195,07912023- £186,905).
After the receipl of Ihe Theatre Tax Credit claim of £33,102 {2023 - £29,113) and taking into account net gains
on investments of £26,87812023 - net losses of £20.179) the overnll surpbjs for the year amounted to £75,664
(2023- £14,196).
At 31 August 2024 total fvnds ar￿)Urrted to £554,82312023- £479,159).
b. Golng concern
The Trustees are confidant that the Charty continues lo be a going concem due lo the level of reseNes held.
Forthis reason, th8y continue to adopt the going concem basis in Preparing the financtal statements.
¢. ReseNes pollcy
General Reserve is the arKumulation of net surplus Incomo 8nd Is Invested under the lèm)s of the
Memurandum and Articles of Association. The Trustees are of the opinion that the investments are appropriate
for the provision of the add￿Onal incomè necessary to contribLrte towards the future costs of the annual Mus
FestNal, other declared objectives and administration.
The Trustaes. policy is to maintain a ￿Ve1 of res8rves which wll provide a stsble bose for its continuing adwlties
and these are rewiewed on a regul¥ basis.
Page 4

THE STOUR FESTIVAL COMPANY UMITED
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2024
Struclurel govemance and management
a. Constitutlon
The Charity was set up as a knmited Company in 1964 and is govomed by the Memorandum and Arkndes of
Association which ware last amended on 16 June 1965.
The Artides of Association of the Charty provide that no dwidond shall ba paid to Members.
b. Methods of appolntment or &l¢ctlon of Trustoes
The Charity is administered by a Board of Trustee5 who meet al least three lime5 a year. New Trustees are
appointed by agreement of all serving Trustees and the appointments are ratified by the shareholders at the
Annual General Meeting. Particular is laken lo ensura the Board has available the appropriate skills in order
to fulfil its duties.
Each Trustee has access lo and Is eneouraged to reviw.
- Board and general meeting minutes"
Financial infomiation and annual accounts.,
- Future plans of the Charity-
Idenlificalion of risks and suggested action.
Oryanisatlonal structurg and dgclslon4nakiny PDllcle5
All matters of prinople are agreed by the TNslees whilst the implementation of the policies 15 delegated to the
Company Secretary and. in the case of the Music Festival. lo the Artistic Director and the Festival Committee.
d. R15k managam•nt
The Trust8es have reviewed the major risks to which the Charity is exposed. Two document$ have been drawn
up detailing thè procedures for their mitigation and how they should be h￿dIed - one for the Trustees and the
other for the FestNal Committee.
Plans for futu￿ peri¢xls
a. Futur• developments
We shall rtjtrtinue to explore ways of expanding our audience among younger people Includlng outreach to
sch¢x18 and use of social modia to buld wider awareness of Slow Muste
Post balance $he&t want
The Trustees are delighted to rgport that they have recelved n¢llficatiort of a lègacy of appr0￿mal8ty £50.CQO
from the Estate ofthe tate John Ewing Baker.
Page 5

THE STOUR FESTIVAL COMPANY LIMITED
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2024
Statement of Trust8es' ro$pOnslbll￿tOs
The Truslges (who are also the directors of the Charity for the purposes of company lawl are res￿sIble for
prèparing the Trustees, report and the financial statements in accordan￿ with applicable law and United
Kingdom Accounting Standards (United Kingdom Gonerally Accepted Accounting Pr*ice).
Company law requires the Trustees to prepare financial statements for each financial . Under ￿rnPany law. the
Tru51ees must not approve the financial statements unless they are satisfied that they give a true and fair Vkew of
the slate of affairs of the Ghartty and of ((s incoming re50urce5 and applicalon of resour￿$. including its Income
and 8xpandilure, for that period. In preparing these financiat statements. the Trusl8es are required lo..
selact suitable accounting policies and then apply them ¢onsistsntty.'
observe the methods and principles of the Charities SORP {FRS 1021.,
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounfing Standards {FRS 102) have b￿￿ followed, subject to any material
departures disc105ed and explained in the financial statements.,
prepar8 th8 financial slalements on the going coneem basbs unless it is inappropriate to presume that the
Chantywill continue in business.
The TTuslees are responsble for keeping adequate accounting records that are sufficient to show and explain
the Charitls transactions and disclose with reasonablé accuracy al any time the financial position of the Charity
and enable them to ensure Ihat the financial statements comp]y with the Companies Act 2006. Thay ara also
respon$ible for safeguarding the assets of the Charity and hence for taking ieasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the boartt of Trustep5 on 17 November 2024 and signed on their beha
rpa A Q-tolLIrf
P A Batcholor
Chaiman
Pag8 6

THE STOUR FESTIVAL COMPANY LIMITED
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Indepgndent examinerfs report to the Trustees ol The Stour Festival Company Limited Ilhe
Charity'l
We report to the charity Trustees on our examination of the accounts of the Charity for thè year ended 31
August 2024.
Responslbillties and basis of rgport
As the Trustees of the Charity land ils directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 ACVI.
Having satisfied ourselves that the accounts of the Charity are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, we report in respect of our examination of the Charity's
account5 carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out our
examination we have followed the Directions given by the Charity Commission under section 1451Sllbl of the
2011 Act.
Independent examlnevs statement
We have completed our examination. We Confirm that no matters have come to our attentlon In connection with
the examination giving us cause to believe..
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts gNe a 'twe and fairf view which is not a matter considered as part of
an independent examination., or
the a¢¢ounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable lo charities preparing their
accoun15 in accordance wsth the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 as amended by Update Bulletin 1,
We have no concems and have come across no other matters in connection with the examlnation lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
This report is made solely lo the Charitys Trustees. as a body, in accordance wth Part 4 01 the Charlties
(Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might stsle to the
Charity's Trustees those matters we are required to state lo them in an Independent examlnerfs report and for
no other purpose. To the fullest extent permitted by law. we do not a¢¢ept or assume responsibility to anyone
other than the Charity and the Charitys Trustees as a body, for our work or for this report.
Signed:
Andrew John Childs FCA
Dal&d.. 23 December 2024
P41agee Gammon
Chartered Accountants
HenwoDd House
Henwood
Ashford
Kent
TN24 8DH
Page 7

THE STOUR FEsnvAL COMPANY LIMITED
STATEMENT OF FINANCIAL ACTIVITIES IINCORPOPATING INCOME AND EXPENDITURE ACCOUNTI
FOR TtrIE YEAR ENDED 31 AUGUST 2024
Unrestrlcted
nds
2024
Restrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Note
INCOME FROM:
Donations and legacies
Charitable activf(ies
Inv8Stmenls
112.364
78,772
19,127
500
112.864
78.772
19,127
105.827
72.050
14.290
TOTAL INCOME
210,263
500
210,r63
192,167
EXPENDITURE ON:
Charitable adivities
194.579
500
195.079
186.905
TOTAL EXPENDITURE
194,579
500
195,079
186,905
NET INCOME BEFORE NET
GAINSIILOSSES) ON INVESTMENTS
Net g￿nSI<10sSesI on investments
NET INCOMEIIEXPENDITURE)
BEFORE TAXATION
Taxalion
15.684
26.878
1S.684
26.878
5,262
(20, 179)
13
42,662
33.102
42.562
33,102
(14,917)
29,113
11
NET INCOME AFTER TAXATION
Transfers betsyeen funds
75.664
75,664
14, 196
18
(1,940}
NET MOVEMENT IN FUNI)S
77.604
11.940}
75.664
14. 796
RECONCIUATION OF FUNDS:
Total funds brought forward
Net movement in funds
477.219
77.604
479.159
75.664
464,963
14. t96
(1.940)
TOTAL FUNtY6 CARRIED FORWARD
554.823
$54.823
4Y9.t59
The Ststement of financtal adivitses includes all gains and losse5 recognised in the year. Al the Charitys
activities are derived from continuing operations during the above financial year.
The notes on pages 11 to 25 fomi p*t of these financtal stalemenls.
Page 8

THE STOUR FESTIVAL COMPANY LIMITED
REGISTERED NUMBER: 00818973
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
Investments
12
13
14.134
420.843
19,274
393,965
434,9TI
413,239
CURRENT ASSETS
stocks
Debtors
Cash at bank and in hand
14
15
17
787
269
1.076
123,795
2.510
S6.467
125.658
$9,266
Creditors: amounts falling due within ono
16
15,812)
(3,346)
NET CURRENT ASSETS
119,846
65,920
TOTAL NET ASSErs
554823
479, 159
HARITf FUNDS
Restricted funds
unrestr￿ed funds
18,19
1,940
Designated funds
Gonoral fund8
Sharg capital
18,19
18.19
18.19
564.751
472, 147
72
Totsl unrestricted fund5
18,19
554,823
477,2t9
TOTAL FUNDS
18,19
554,823
479, 159
Page 9

THE STOUR FESTIVAL COMPANY UMITED
BALANCE SHEET {CONTINUED>
AS AT 31 AUGUST 2024
The Charity was entitled to exemption from audit under section 477 of the Companies Act 20CE.
The members have not r8quirad th8 company to obtain an audrt for the year Wi question in accordanca wlth
sedlon 476 of Companies Act 2006.
The TnJ8lees acknowledge their ￿sponsibl1rtles for complying wrth the requirements of the Act with respect to
accounting rewrds and preparation of financial statement&
The financial slalemenls have been preparad in accordance wrfh th8 provtsions applicab18 to entities subj8Ct to
the small companie5 Tegime.
The financial statements wor8 approved and authorised for Issue by the Trustees on 17 Novembar 2024 and
signed on their behalf by=
/a.,
P A Batchelor
Chaimian
GJHO
Trustee
ourn
Tha notes on pages 1110 25 fonn part of these financial statements.
Page 10

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Genoral inforniatlon
Thg cDmpany 15 a limited company incorporated in England and Wales. The Tnembers of the company are
the Trustees named on page 1, plus Harriet Clomonts and All￿ Wilkinson.
ountlng pollcles
2.1 Basls of preparation of financial statements
The financial statements have been proparod in accordanGe with the Charities SORP {FRS 1021
Accounting and Reporbng by Charf(ies= Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wf(h the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland {FRS 102) Second Edition leffactiva l January 20191, the Financial Reporting
standard applicable in the UK and Republio of Ireland {FRS 102} and the Companies Act 2006.
The Slour Festival Company Limitad m88ts the dafinitson of a public benefft entity under FRS 102.
Asse15 and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
The financial statamanls ar8 presented in Sterflng and rounded to the nearest pound.
2.2 Incom•
All incom8 is recognised txce the Charity has entiuement to the income, it is probable that the
income witl be recèived and the amount of income receivable can be m8asured reliably.
Tho rgGognition of income from legacies is d8pendant on establishing entiuemenl, the probability of
receipt and the abilty to estimate wlth Slrfficienl accuracy the amount receivable. Evtdence of
èntitlement to a legacy exists whan the Charity has sufficient evidence that a grft has been left to
them (through knowludye of the exi51ence of a valid will and the death of the benefactor) and the
8x8culor is satisfied that the propety in question will not be required lo satisfy claims in the estate.
Receipt of a legacy must be recognised when it 15 probable that it wll be received and the fair value
of the amount receivable. which will generalty bè the expected cash amount to be distrib￿ed lo the
Charity. can be reliab￿ measured.
Grants are included in the Statement of financial activitie5 on a receivable basi5. The balan￿ of
income received for specific purposes bul not expended during the period is shown in the relevant
funds on the Balan￿ sheet. Where income is recAivad in advance of enlitlernenl of r￿1p1, its
rècognition 15 deferred Bnd induded in credf(ors as d•hrrad incom•. Whtsra trntitl8ment occurs
belor& inmne is re¢eived, the income is accrued.
Income lax recoverable in rel8lp)n to donations recewed under Grfé Aid is recognisad al th8 time of
the donation.
Page11

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng pollci&s {¢ontinuedl
2.3 Exp9ndituro
ExpendituTe 15 recognis8d once there is a legal or constructive obligation lo transfer economic benefft
to a third paty, il is probable that a transfer of economic benefits will be required in settlement arKI
the amount of the obligation can be measured reliabEy. Expenditure is classified by adivity. The costs
af each actNity are mada up of the totsl of direct costs and shargd costs, induding support costs
inVo￿ed in undertaking each activity. Direct costs attmbutable to a single activty are allocated directly
to that activity. Shar&d costs which corbtribute to more than one activity and support which
not attributable lo a single activty are apportioned bekn￿e8n those activities on a basis consistent with
the use of resou￿8$.
Governance costs are those in¢urrgd in connection with administration ofthe Charity and compliane
with constitutional and statutory requirements.
Expenditure on ch￿Ilable actniities is incurred on directy undertaklng the act￿ltIeS whkh further the
Charitls obje¢tNg5, a5 well as any associated support costs.
All expenditure 15 inclusNe of irrecoverable VAT.
2A Interest recelvable
Interest on funds held on deposit is induded when receivable and the amount can be measur8d
reliably by the Charriy, this is normalty upon notffication of the interèst paid or payabte by the Bank or
deposit hold8r.
2.5 Taxallon
The Charity is considered to pa88 the tèsts sel out in Paragraph 1 Sthedule 6 of the Finance Act
2010 and therefore it meets the definIt￿n of a charitable company for UK corporation lax purpDS8S.
Accordingty. the Charity is èxampt from taxati¢n in respect of income or capital gains received wf(hin
Eat2gorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Saction 256 of the
Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied
8xclusivelylo charitable purposes.
Page12

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Ac¢ountlng p¢llcl¢8 Icontlnued>
2.6 Tanglblg fixed assots and depreciatlon
Tangible frxed asset8 costing E250 or more ar8 capitalisad and r8cognised when future economic
beneffts are probable and the cost or value olthe asset Can be measured reliably.
Tangible fixed assets are inttialty recogni%ed at COSt. After recognf(ion, under the cost mthdel, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangiblé r￿ed 8S8et into its intended working corbdition should be
included in the measurement of Cost.
Depreciation is charged so as to alocate the cost of tangible f￿ad assets 18ss their residual value
overth8ir 8slimated usefvl INes. using the straight4ine method.
DeprerAation is providod on the followng basis:
Equipment
25'1ts per onnum
2.7 Investments
Fixed asset investments are a fomi of financial instrument and are initialty recognised at their
transaction cost and subsequently measured at fair value at the Balan￿ sheet date, unless the value
cannot ba measu￿￿ reliably in which case it is measured at eosl léss impairment. Investment gain$
and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Lossas} on
Invest￿nts, in the Statement of financral activtknes.
2.8 Stocks
stocks afe valued at the low8r of cost and net re81isabl8 value after making due allowarKe for
obsolete and 8low-moMng stocks. Cost in¢lude$ all direct costs.
2.9 Debtors
Trade and othèr dèbtor¥ recognised at the settlement amounl after any Irdde disc(wnt offered.
Prepayments are valued at tha amount prepatd net of any trade discounts due.
2.10 Cash at bank and in hand
Cash al bank and In hand ineludes cash and short-tenn highly Iwuid investments wfth a short mabjrty
of three month8 or less frorn the date of acquisition or oponing of Ihe deposit or similar account.
2.11 LlablllUo$ and provlslons
Liabilities are recognised when there is an obligation at the Balance sheet dale as a resum of a past
event, it is probabl8 that a transfer of 8concfflic benefrt Y￿11 be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recDgnised al tha amount that the Charity antieipates it will pay to settla the debt or the
amount r( has receNed as advance payments for the goods or seNices il rnust provide.
Provisions are w[￿a￿ule￿ at Ihe best estimats of the amounts required lo sett18 the obligalton. Where
the affect of the time value of money is material. the provision is based on tho prgsent value of those
amounts. diseounled at the pre-tsx discount rate that refi￿ the rtsks specific to the l£abilty- The
unwnding of the discount k8 recognised the Stal6ment of financial activitie5 as interest payable and
$imilai charges.
Page 13

THE STOUR FESTVrfAL Ct)MPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng policieb (continued)
2.12 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualfy as bas￿ finanaal
inslNments.
2.13 Fund accounting
General funds aro unrestricted ￿ndS which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and whiEh have not be8n designal8d for other
purposes.
Designated funds comprisg Unrestrict￿ funds that have been set aside by the Trustees for particular
purposes. Tha aim and Ltse of each designated fund is set out in the notes to the financial
statements.
Restrictad fvnds are funds which are to be used in accordance wilh specific reslricttons imposed by
dor￿rS or which have been raised by the Chanty for particular purposes. The costs of raising and
administering such funds are charged against the specffic fund. The aim and use of each restricted
fvnd is sel out in the notes to thè financial st*menls.
Inve5trnent incom8, gains and losses are allocated lo the appropriate fund.
Critical accountlnu asWmats8 and areas of judgement
Estimates and judgements are continually 8valuatad and ar8 based on historical @xperience and other
factors, includSng expectallons of future events that are beI￿Ved to ba reasonabk utKler the
circumstances.
Critical accounllng estimate8 and ￿￿n￿tions.
The Charity makes estimates and a88umptions conceming the fLrture. The resuhing accounting estimates
and assumptions will, by dgfinition, seldom equal the related actual results. There are no estimates and
assumptions that have a significant fisk of ¢ausing a rnalerial adjustment to the carying amounts or
assets and liabilities within the next financral year.
Pag8 14

THE STOUR FESTIVAL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from donatlons and legacles
Unr8strlct8d R•str(ct•d
funds
funds
2024
2024
Total
funds
2024
General donations
Sponsorship
Subscriptions
Income tax r8cov8rabl8
LegaGies
Govemment grants
13,035
32.750
13.270
9.522
43,287
500
13,035
32.750
13.270
9.522
43,287
1mO
500
Total 2024
112.364
500
112.864
Unresti7Cted
funds
2023
Reslricled
fvnds
2023
Tolal
funds
2023
General donation$
Sponsorship
Subscriptions
Income tax recoverable
Legacies
Govemment grants
26,260
38,600
13,435
14,282
13,000
26.260
38,6L
13,435
14,282
13,000
250
250
Tot812023
105577
250
105,827
Page 15

THE STOUR FESTIVAL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Inc¢mo from charltable activities
Unrestrlctsd
funds
2024
Total
funds
2024
Festival ticket sales
other festival revenue
65,937
12,835
65,937
12￿35
Total 2024
78.772
78.772
Unrestricted
funds
2023
Total
funds
2023
Festival tick8t salès
Otherf8Stival r8venu8
60.072
11.978
60,072
11,978
Total 2023
72.050
72,050
Page 16

TrIE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Inv8stmant income
Unrestrfcted
funds
2024
Total
funds
2024
Income from listed investments
Bank interest re¢¥ivable
14,561
4.566
14,561
4,S66
Total 2024
19,127
19,127
Unresiiicted
funds
2023
Total
fiinds
2023
Incomè fmm listed investments
Bank interest receivable
12,648
1,642
12,648
1.642
Tota12023
14,290
14,290
Anatyskn of expendlture on charitable actfvltlos
Summary by fund type
Unrestrlct•d Rostrlcted
funds
funds
2024
2024
Total
2024
Festival & govemance expendrture
194,579
500
195,079
Unresthcted
funds
2023
Restiicted
funds
2023
Total
2023
Festival & govemance gxpenditure
186, 655
250
186,905
Page17

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Anatysis of expendlture by actlvltlas
Aetivitias
undortakon
dlracty
2024
Support
costs
Total
funds
2024
2024
F88tival & govemance expenditura
180.125
14,954
196.079
Activitses
undertaken
dir8¢Uy
2023
Support
costs
2023
Total
funds
2023
Festival & governanc8 8xp8nditure
178.695
8.210
186.905
Indopondent examlnees remuneration
The independent examiners remuneration amounts to an independent examiner fee of £3,780 {2023 -
£3,624).
10. TNstees' remuneratlon and •xp8ns•s
During the year, no Tru¥tee$ recoived any remuneration or other ber￿fftts (2023- £NI4.
During the year ended 31 August 2024, Trustee expen5e6 have been inrJJrred f2023- £Nil).
11. Taxation
2024
2023
corpora￿on tax
Theatre Tax Credits recelved In respect of previous p8ri¢)d$
{33,1021
(29, 113)
Taxation
{33,1021
(29, 113)
The lax eredil relates lo Tax Crgdits in respect of Theatre Tax Reli8f receN•J by the charitabl8 company
in respect of the previous year.
Thera are no factors Ihal may affect ftrtura tax charge$, except for potontial future claims for Tax Credits
in respe¢t ofTh8atre Tax Relief which is not quantifiable al the balance sheet dale.
Pag6 18

THE STOUR FESTNAL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
IZ Tangible Ilxed assets
Equipment
Cost or valuation
At 1 September 2023
20.559
At 31 August 2024
20.559
Depreciatlon
At 1 Sèptemb8r 2023
Charg6 for the year
1.285
5,140
At 31 August 2024
6.426
Not book valu•
At 31 August 2024
14.134
At 31 August 2023
19.274
The aljove is a sour¥J system Wh￿ has been installed in Boughlon Aluph Chur¢h.
Page 19

THE STOUR FESTIVAL cof4qPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Fixed asset Investments
othor fixed
Listed
asset
investments investments
Total
Cost or valuatlon
At1 September 2023
Revaluations
345,509
29,582
48A56
{2.704)
393,965
26,878
At 31 August 2024
375,091
45,752
420,843
Net book valuè
At 31 August 2024
375,091
45,782
420,843
At31 August 2023
345509
48,456
393,965
I tho frxed asset investments are shown at market value and ￿e held in the UK.
Fund8 admlnlstered by:
2024
2023
Baillie Grfford & Co
M&G Sacurities Limited
Ruffer LLP
Sarasin and Partners LLP
Sawlls Charty Propety Fund
61,563
112.409
95,838
106,281
45.752
53.322
101.477
95.824
94,686
48.456
420.843
393,965
14. Stocks
2024
723
Finished goods and goods for resale
787
289
Page 20

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1& Debtors
2024
2023
other debtors
Prepayments and aeerued income
518
558
513
1.997
1,076
2,510
1& Credltors: Amounts falllng due wlthin one year
2024
2023
Accrua15 deferr8d income
S,812
3,346
17. Finan¢lal Instruments
2024
2023
Flnanclal assets
Financial asset5 measurad at fair value through income aml expendthre
Financial assets that are dabt instrumants measured at amorti5ed cost
f23.795
51B
66.467
513
124,313
66,980
Financial assets measured at fair vdue through incfxne and expenditure comprise cash hekl at bank and
in hand.
Financial assets that are debt instrumet)ts measurEd at amDrtised cost COTnpri5e of other debtors.
Page 21

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Statomant of funds
Statom•nt of fvnds- current year
Balance al 1
September
2023
Balance at
Gainsl 31 Augu$t
(Losses)
2024
Transfers
inlout
Income Expendlture
Unrestrlcted
funds
Designated
funds
Spackal Projects
5.000
15.0001
General funds
Generdl Fund5
Share capital
In¢)te 20)
472,147
210.263
{161.477>
6.940
26.878
SS4.751
72
72
472,219
210.263
1161.477>
6.940
26,878
554,823
Total
Unrestrlcted
funds
477,219
210.263
{161.477)
26.878
554.823
Rostrlcted
funds
Special projects
fund
Local Aulh(Mty
GTanl
(1.940
500
151)0)
500
151)0)
{1,9401
Total of funds
479.159
210.763
1161.9TI)
26,878
554,823
Page 22

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Statement of funds (continuad}
Statement of funds- prlor y•ar
Balance at
I September
2022
Balance al
31 August
2Q23
Trdnsfers
i￿out
Cain
(Losses)
Incom6 Expenditu
Unrostrkted
fund$
Deslgnatfjd
funds
Special Projects
5,000
General funds
General Funds
Share capital
(note 20)
462,951
191,917
(157,542)
15000)
(20, 179)
472,147
72
463,023
191,917
(157,542)
(5,000)
(20, 179)
472,219
Total
Unrestrfctod
funds
463,023
191,917
(157,542)
(20, 179)
477,219
Restrlcted
funds
Speaal projects
fund
Local AUth¢￿ty
Grant
1.940
1.940
250
(25Q)
1.940
250
(250)
1,940
Totsl of funds
464,963
192, t67
(157,792)
f20. 179)
479.159
Page 23

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Statamènt of funds {¢ontlnued}
Spgclal'proJe¢t fund {R95trfcted)
This fund was set aside for special projects. The balance of £1.940 has been transferred to unrestricted
funds having been fully expended.
Local Authorlty Grant
This granl was pwded to be spent on the choir for the festival aThJ was fully expended in the year.
Speclal pmJ•¢t lund {Deslgnatedl
The Charity received a l¢gacy in 2023 whiEh the Executors requested should be used for something other
than general festival and Tunning expenses. This was a request and not a stipulation in the will of the
dec&￿ed and has been relurred to general funds.
19. Anatysls of n•t ass•ts bètween funds
Analysls of not assets between fvnds- Current period
Unrestrtcted
funds
2024
Totsl
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Credtiors due y￿thin one year
14.134
420,843
125,658
(5,8121
14.134
420.843
125.658
15.812)
Total
554,823
SS4,823
Anatysls Ot n•t assets between funds- prlor poriod
Unresth¢ted Restiictgd
funds
funds
2023
2023
Total
funds
2023
Tangible fixed ass8ls
Fixed asset investmgnls
Current assets
Creditors due within one year
19.274
393,965
67,328
(3,348)
19.274
393.965
69.266
(3.346)
1.940
Total
477.219
1,940
479. 159
Page 24

THE STOUR FESTIVAL COMPANY UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Share Capital
2024
2023
Allotted, called up and fully paid
72 Ordinary shares of £1 ea¢h
72
21. Rèlatsd paity transactions
There have been no transactions with related part18s during the p8ri0d und8r r&view12023 - none). other
than sponsorship of thè festival and donations by trustees of £13.000 {2023 - £10,400) for which they
received no personal benefft.
Post balanco she•t events
The Trustees are delighted to report that they have ￿1Ved not￿[catiOn of a legacy of approx¢matety
£50,000 from the Estate of the late John Ewing Baker.
Page 25