Reglstered number: 00818973 Charfty number. 238476 THE STOUR FESTIVAL COMPANY LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
THE STOUR FesTIVAL COMPANY LIMITED CONTENTS Page Reference and administratlve details of the Charlty. its Trustees and advisers Trustees. report Independent examinerfs report Statement ol flnanclal actlvhles Balance 5heot 9-10 Notes to the financlal statements 11-25
THE STOUR FESTIVAL COMPANY LIMITeD REFERENCE AND ADMINISTPATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees P A Balchelor, Chairman G J Holbourn Mrs D E Hume Mrs J G Loudon DL D Millington Mrs K F Mitcalfe CHPage President and Lrfe Patron M Deller Company reglstered number 00818973 Charlty roglstgrod number 238476 Reglstored offtce Henwood House, Henwood, AshfoTd, Kent, TN24 8DH Company secretary G J Holboum FCA FCCA DChA Artlstlc dlrector R Hollingworth Accountants Magee Gammon. Henwood House. Henwood, Ashford. Kent. TN24 8DH Bankers Barclays Bank Plc. 13 Fremlin Walk. Maidstorbe. Kent, ME14 1QG Barclays Bank Pk, 66 High StreeL Ashford. Kent, TN24 8TL CCLA Investmenl Management Limited. One An981 Lane. London, EC4R 3AB Investmènt Managers Baillie Gfft*rd & Co, 1st Floor, Grimaldi Hou88. 28 St Jame8'8 Square. London, SW1Y 4JH &G SecLErf(ies Limit8d. Laurence Poutney Hill .London, EC4R OHH Ruffer LLP, 80 Victoria Street, London, SW1 E 5JL Sorasin and PartneTS LLP, Juxon House, 100 St Paul's Churchyard. London, EC4M 8BU Savills Charities Property Fund, 33 Margaret Street, London, W1G OJD Page 1
THE STOUR FESTIVAL COMPANY LIMITED TRVSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report together with the financial slatsmgnls of th& Charity, The Stour Festival Company Limited, for the year ended 31 August 2025. The Trustees confirm that the Annual Report and financial statements of the Company ¢ompty with the curr&nt slalulory requirements, the requirements of the Companls goveming document and tho provisions of the Statement of Recommended Practice ISORP}, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} leffe¢live 1 January 20191. Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Teport required of medium and large companies under the Companies Act 2006 (Strategic Report and DirecloTS' Report) Reuulalions 2013 has been omittod. The Charty also operates under thg namg Stour Music. These finaneial slslements have been drawn up for the year ended 31 August 2025. Objectlves and actlvlt19$ . Policies and obj•ctiVO5 The objects of the Charity are the promotion and encouragement of the Arts. primarily by the production of musical recitals, but not excluding opera, plays. drama, ledures, leadings and other artistic activities of an educational nature. In setting objectives and planning for adivilies, the TNstees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefrt.. running chanty IP82)'. b. Actlvltles undertaken to achleve objectlves The Charity provid8$ financial backing for an annual Music Feslbval {Stour Music) which 1$ widgly 81fv9rt1sed. Tickets are subsidised by the Charity and are available to the general public. The Directors confirm that they have referred to the gLtidance contained in the Charity Commission's general guidance on public benefit whan reviewing the Charity's aims and objectives. and in planning fLrture activities. Page 2
THE STOUR FESTIVAL COMPANY UMITED TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and perfomiance a. Rwlgw of a¢tlvltlg$ The 2025 Slour Music FestNal remains in our memories wrth rousing, youthful, innovatwe, intemational and moving performances. The Gesualdo Six brought Renaissance music, making good spatial use of Boughton Aluph Church. Apollo's Cabinet featured a reinvention of Handel and Bach, exploring ways irt which both compos8rs incorpordted ideas from other ¢omposoTS into their work, something regarded a5 completely nomial al the time. lestyn Davies with FreOrk perfomied a masler4la8s in counler-lenor Singing, particularly remembeTing how softly he sang amidst the viols. the mu$1¢ being by Orlando Gibbons in this 400th year since his death,. appropriately, this con¢$rt was sponsored by the late James Bowman. Tho later concert was performed by Hanse Pferfferey, a Renaissance wndband from Germany, playing cOpS of Renaissance inslTuments including a slide Irumpel. a most unusual and difficult inslrumenl. These musicians gave an educaltonal wotl(shop at Wye School as well as pèrforrning al Wye Farmors Market and from the lop of the Church tower. To finish the first weekend, l Fagiolini. conducted by Robert Hollingworth, divided into four choirs to sing Roman mulii<hoir music not heard in the last few hundred years. including works by Benevoli. The Second week•end stsrted with Solomon's Knot singing cantatas by J. S. and J. C. Baeh. dramatically and elegantly. Later in the evening ApolropalK perfomied music from the 13th and 14th centurie5, including works by Machaut and Dufay. On the second night French Baroque Cantatas, under the l¢tlg'Love After The Storm., were perfom)ed by Saraband and The Opera Company, featuring ElorJie Fonnard. The audience was then treated lo a fireworks display outside. To end the evening, Standard Deviation and Chameleo, a York based band, entertained the audi8nC8 With vocal and inslwmenlal I. To close the Festival. rousing Mendelssohn, Wesley and Bach choral and orchestral works were perfomied by the Slour Festival Orchestra and Choir. condueted by Robert Hollingworth. We thank the Boughton Aluph PCC. the landowners who provide their fields for marquees and carparking, as well as cutting the gTass. We remain indebted to our Friends, team of Volunteers, Caterers and all who manage the sile. Our sincere and gral&ful thanks go lo our Sponsors of each concert, wilhoul whom the Festival could not maintain the highest standards ol perfomiance enabling great enjoyment for all those who attend the Festival. In order to keep in touch and provide an opportunty for Friends of the Festival to get together. a special Friends. event was held on March 1st when Peter Williams, a long standing Slour Fiiend, gave a fascinating talk enlilled 'A Delightful Nonsense. on the lrfe and work of the artist John Ward. who Cothfounded thfy Festival wlh Alfred Deller. Lookin9 ahead. plans are well-advanc¢d for 2026 with a programme continuing lo focus princpalty on early music as well as exploring new areas. An outreach educational activlty Is being developed with local school8. b. Investment pollcy and perforniance The Trustees, investment policy is intended lo protect the Charitys reserves and lo achleve a satisfactory total return on the investmgnts over the long tem) in support of its promotion and encouragement of the Arts. The mvemenls in the listed investments during the year are sel out in note 1310 the financial statements. Under the temis of the Memorandum and ArtleS of Association the Trustees have the power to make any Changes lo the investments they feel necessary in order to maintain andlor improve the Charity's income and reserv&s. Subsequent lo the year end a fvrther investment of £25,000 was mado in a Bali lie Gifford lund and a ngw investment of £25.000 was made in a Newton charity fund. Page 3
THE STOUR FESTIVAL COMPANY UMITED TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Financlal revlew a. Financial Reviow The income for the year from voluntary sources, including donations, sponsorship and friends. subscriptions amounted lo £95,73712024 - £112.8641. Inveslmenl income amunted to £20,34812024- £19.127) and income from charitable acllvities, which includes ticket sales and fundraising. amounted to £81.496 {2024 £78.772). Totsl income for the year amounted to £197,581 12024- £210,763). Expenditu of direct charitable expenditure amounted lo £191,72312024 - £180,125) whilst governan costs amounted to £5,29212024- £14,954). Tota5 expenditure foi the year amounted to £197,01512024- £195,079). After the weipt of the Theatre Tax Credft clalm of £Nil12024 - £33,102) and taking into account net gains on investments of £29.66412024- £26,878> the overall surplus for the year amounted to £30,23012024- £75,664). At 31 August 2025 lolal funds amounted to £585,05312024- £554.823}. b. Golng concorn The Trustees are confident that the Charity continuos to be a going concern due lo the level of reserves held. For this reason, they continue lo adopt the goin9 concem b8sis in preparing the financial stslemenls. c. Reserves pollGy The General ReseNe is the accumulation of net surplus income and is invested under the terms of the Memorandum and Article5 of Associ*ion. The Trustees are of the opinion that the investments are appropriate for the provision of the additional income necessary to contribute towards the fijlure costs of the annual Music Festival, other declared objeclwes and adminislration. The TNstees' policy is lo maintain a level of reseTves which will provide a stable base for its continuing aclivf(ies and these are reviewed on a regular basis. Page 4
THE STOUR FESTIVAL COMPANY UMITED TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structures gr)v0rnanco and manag8ment . Constltutlon The Charfly was set up as a Limited Compary in 1984 and is govemed by the Memorandum and Articles of Association which were last amended on 16 June 1965. The Articles ofAssociation of the Chanty provide that rko dividend shall be pald to Members. b. Mèthods of appolntment or election of Trust•es The Charity is administered by a Board of Trustees who meet at least three times a year. New Trustees are appointed by agroemenl of all seNng Trustees and the appointments are ralrfied by the shareholdeTS at the Annual General Meeting. Particular Ca is taken to ensure the Board has available the appropriate skills in order to fuffil its duties. Each Trustee has access to and is encouraged to review. Board and general meeting minutes., Financial infomation and annual accounts- - Future plans of the Charty, Identification of risks and 8ugge8ted action. c. Organisational structure and decision•making policiè5 All matters of principle are agreed by the Truste&s whilst the implementation of the policies is delegated to the Company Secretary and, in the case of the Music Festival, lo the Artl81ic Director and the Feslival Commrttee. d. Rlsk managomgnl The Trustees have rovi&wed the major risks to whh the Charity 13 exposed. Two documents have been drawn up detailing the procedures for their mitigation and how they should be handled - one for the Trustees and the other for the Festival Committee. Plans for future periods a. Future developm•nts We shall onlinue to explore ways of expanding our audience among younger people including outreach to schools and use of social media to build wider awaTeness of Stour Music Page 5
THE STOUR FESTIVAL COMPANY LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 202S statement of Trustees. responsibilities The Trustees (who are also the directors of the Charity for the purpose8 of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable 18w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel- Company law requires the Trustees to prepare financial statements for each financial year. Under company law. the Trustees must not approve the financial slalemenls unless they are satisfied that they give a true and fail ew of the slate ot 8ffairs of the Charity and of ils incoming resourc&s and application of resources, including its Iome and expenditure, fot that period. In preparin9 these finan¢tal statements, th& Trustees are required lo.. select suitable accounting policies and then apply them consistentty.. observe the methods and principles of the Charities SORP IFRS 1021.. make judgements and 8c¢ounting estimate5 that are reasonable and prudent", slate whether appli¢8ble UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosgd and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charitys transactions and disclose with reasonable accura al any time the financial position of the Charty and enable them lo ensure that the financial sl8lernenls comply wtth the Companies Act 2006. They are also responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by. P A Batchelor Chaimian Date.. 8 November 2025 Page 6
THE STOUR FESTIVAL COMPANY UMITED INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Independent examlnerfs report to the Trustees of The Stour Festlval Company Limited Ixhe Charity.) We report lo the charity Trustees on our gxgmination of the accounts of the Charty for the ye8r ended 31 August 2025. Responslbilitles and basls of report As the Trustees of the Charity land its directors for the purp¢)ses of Company lawl you are responsible for the preparation of the accounts in accordance with th8 requirements of the Compani05 AGI 20061'lhe 2006 A¢l'}. Having satisfied ourselves that th¢ accounts of Ihg Chority aro not required lo be audited under Part 16 of the 2006 Act and aTe eligible for independent examination. we report in respect of our examination of the Chafitys account$ carried out under section 145 of the Charili$s Ad 2011 I'lhe 2011 Act'l. In carying out our examinats'on we have followed the Directions given by the Charity C¢)mmission under section 145(5llbl ot the 2011 Act. Independent examlngrfs statement We have completed our examination. We confimi that no matters have come to our attention in connection th the examination giving us Cause to believe.. accounting records were not kept in respect of the Charty as required by sectton 386 of the 2006 Act.. or thè aecounts do not accord with those records.. or the accounts do not comply with the accounting requirements of section 398 of the 2006 Act othar than any requirement that the accounts give a Irue and fairf Mew which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance wlh the methods and principles of the Ststement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic ot Ireland IFRS 102} as amended by Update Bulletin 1. We have no ¢on¢erns and come across no olheT matters in connection with the examination to which attention should be drawn in this r8port in ordar to enabl& a propor und&rslanding of the a¢unt$ lo be reached. This report is made solely to the Charitys Trustees. as a body, in accordance with Part 4 of the Charities <Accounls and Reports) Regulations 2008. Our work has been undertaken so that we might stale to the Charitls Trustees those matters we are required to stale to them in an Independent examiner's report and for no oth8r purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our work or for Ihis report. Sloven Wan$tall FCCA Magee Gammon Chartered Accountants Henwood House Henwood Ashford Kent TN24 8DH Pag$ 7
THE STOUR FESTIVAL COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted funds 2025 Restrlcted funds 2025 Total funds 2025 Total funds 2024 Not& INCOME FROM: Donations and legacies Charttable activities Inve51menls 95.237 81.496 20,348 500 95.737 81rt96 20,348 112.864 78, 772 19. 127 TOTAL INCOME 197,081 197,581 210,763 EXPENDITURE ON: Charitable activities 196.515 soo 197.015 195.079 TOTAL EXPENDITURE 196.51S 500 197,015 195,079 NEf INCOME BEFORE NET GAINS ON INVESTMENTS 566 566 15,684 26,878 Net gains on investments 29.664 29,664 NET INCOME BEFORE TAXATION Taxation 30,230 30,230 42,562 33, 102 11 NET MOVEMENT IN FUNDS 30,230 30,230 75,664 RECONCILIATION OF FUNDS: Total fund5 brought forward Net movement in fund$ 554,823 30,230 554.823 30.230 479, 159 75,664 TOTAL FUNDS CARRIED FORWARD 585.053 585.053 554,823 The Ststement of fina1 activities Includes all gains and losses recognised in the year. All the Charills aclivfÉies are derwed from continuing operations during the above financial year. The notes on pages 11 to 25 form part of these financial statements. Paye 8
THE STOUR FESTIVAL COMPANY LIMITED REGISTERED NUMBER: 00818973 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note FIXED ASSETS Tangible assets Investments 12 13 8.994 4SO,507 14, 134 420,843 459,501 434.977 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 14 803 591 131,231 787 1,076 123. 795 15 17 132.625 12& 658 Creditors- amounts falling due within one year 16 17,0731 (5,812) NEf CURREIU ASSETS 125,552 119,846 TOTAL NET ASSETS 585,053 554,823 CHARITY FUNOS Restricted funds Unrestricted fund8 18,19 General funds Share capital 18,19 18,19 584,981 72 554, 751 72 Total unreslrieted funds 18,19 585,053 554.823 TOTAL FUNDS 18,19 585.053 554.823 Page 9
THE STOUR FESTIVAL COMPANY LIMITED BALANCE SHEEf ICONTINUEDI AS AT 31 AUGUST 2025 The Charity was enlilled to exemption from audit under section 477 of the Companies Act 2006. The members have not T8quired the company lo obtain an audit for the year in question in acGordancg with se¢tion 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting rerdS and preparation of financial statements. The financial stslements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financiai staements were approved and aulhorised for issue by the Trustees and signed on their behalf by. P A Batchglor Chaim)an Date.. 8 November 2025 GJHO Trustee um The notes on pages 11 to 25 fomi part of these finala1 statements. Page 10
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Infomiatlon The company is a limited company incorporated in England and Walès. The members of the Company a the Truste¢s named on pa9e 1, plus tho late Harriet Clem8nls and Alice Wilkinson. Accounting pollcles 2.1 Basls of preparatlon of financlal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 Second Edition leffeclive 1 January 20191. the Financial Reporting standard applicable in the UK and Republi¢ of Ireland {FRS 1021 and the Companies Act 2006. The Slour Festival Company Limited meets the definition of a publi¢ benefrt entity und6r FRS 102. Assets and liabilities are initially recognised at hisloTical cost or transaction value unless otheiSe slated in the relevant accounting policy. The financial statements are PTesented in Sterling and rounded to the neaTesl pound. 2.2 Incomg All income is recognised once the Charity has entitlement lo the income, it is probabLg that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the abilty lo estimate with sufficient accuracy the amount receivable. Evidence of entitlement lo a legacy exis15 when the Chatity has sufficient evidence that a gift has been left lo th&m {through knowledge ot the existence of a valid will and the death of the benefa¢tor} and the executor is saltsfied that the propety in question will not be required lo satisfy claims in the estate. Receipt of 8 legacy must be recognised when rt is probable that bt will be received and the fair value of the amount receivable. which will generally be the expected cash amount lo be distributed to the Charty. can be reliably measured. Grants are included in the St*ement of financial activities on a recervable basis. The balance of income received for spectfic purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where Income is received in advance of entitlement ol receipt, ils recognition is defeffed and included in credf(ors as deferred incorne. Where enliuenient gcwrs before income is received. the income is accrued. Income tax recoverable in relation lo dOrtionS 1Ved under Gift Aid is recognised at the lime of the donation. Page11
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Accountlng pollclos {contlnued} 2.3 Expendlture Expenditure is recognisgd once there is a legal or eonstruclive obligation to transfer economic benefft lo a third party, fl is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is Classled by a¢tiwty- The costs of each aclimty are made up of the lolal of direct costs and shared costs. including support costs involved in undertaking each activity- Direct costs attribLrtable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one acllvty and support costs which are not attributable to a single activty are apportioned beeen those activities on a basis wnsislent with the us8 of resources. Governan costs are those incurred in connection with administralÈon of the ChaTity and Compliance with constilulional and statutory iequiremenls. Expenditure on charitable activities is incurred on directly undertaking the acllvltie8 which further the Charitrfs objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2A Interèst receivable Interest on funds held on deposit is included when receivablg and the amount can be measured reliabty by the Charity- this is normally upon notthcation of the inleiest paid or payable by tho Bank or deposit holder. 2.6 Taxation The Charity is considered lo pa5S the tests set out in Paragraph 1 Schedule S of the Finance Act 2010 and therefore it meets the definition of a charitsble company for UK corporation tax purposes. Accordingly. the Charity is exempt from taxation in r¢spe¢t of income or capital gains recewed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such Income or gains are applied exclusively to charitable purposes. Page 12
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Accounting policies (continued) 2.6 Tangible fixed assets and dopreclatlon Tangible fixed assets costing £250 or more are capitalised and recognised when futuro economic beneffts are probable and the cost or value of the ass81 can be measured reliably. Tangible fixed assets are initially renISed at cost. After recognition, under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaient losses. All Costs in¢urred lo bring a tangible fixed asset into its intended working condilton should be included in the measurement of cost. Depreclallon Is dlarged 80 as lo allocate the cost of tangible fjxed assets less their residual value over their estimated useful INes. using the straighl-line method. Depreciation 15 provided on the following basi$.' Equipment 250A per annum 2.7 Investments Fixed asset investments are a form of financial instrument and are inilialty recognised at their transaction cost and subsequently measured at fair value al the Balance sheet date, Ltnles$ the valua cannot be measured reliabty in which case it is measured al cost less impaimient. Investment gains and losses. whether realised or unrealised, are combined and piesented as 'G8insl{Losses1 on investments, in the Statement of financial activ(£ies. 2.8 Stocks stocks are valued at the lower of cost and nel realisable value after making due allowanc¢ for obsolete and slow-moving stocks. Cost ineludes all direct costs. 2.9 Debtors Trade and other debtors are recogni5ed al the settlement arnount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.10 Cash at bank and in hand Cash at bank and In hand includes cash and short-term highty liquid investments with a short maturity of three months orloss from the date of acquisition or opening of the deposit or slmilar account. 2.11 Liabilities and provi5ion$ Liabilities are renised when there is an obl¢galion at the Balance sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anlicipa18s it will pay to settle the debt or the amount it has received as advan¢0 payments for the goods or seNices it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material. the provision is based on the prosent value of those amounts, discounted al the pre4ax discount rale that reffecls the risks specific lo the liability. The unwinding of th8 disUnt is Te¢ognised in the Slalemenl of financial activities as interest payable and similar charg8S. Page 13
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies IGontinued} 2.12 Financial instruments The Charity only has financial assets and financial Itabilities of a kind that qualify as basic financlal instrumnts. 2.13 Fund a¢countlng General funds are unrestricted funds whtch are avallable for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and whh have not been designated for other purposes. Restricted funds are funds which are to be used in accordance wf(h specffic restrictions imposed by donors or which have been raised by the Charty for particular purposes. The costs of raising and administering such funds are Gharged against the specffic fund. Critical accounting estimates and areas of judgem•nt Estimates and judgements are continualty evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the ¢ircumslances. Critical accounting estimates and assumptions.. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities within the next financial year. Page 14
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donatlons and legaeies Unrestricted Restrictgd funds funds 2025 202S Total funds 202S General donations Sponsoiship Subscriptions Income tax recoverabte Legacies Government grants 25.679 43.100 13.943 12.042 473 26.679 43,100 13,943 12.042 473 Total 2025 95,237 500 95,737 Unrestncled fvnds 2024 Reslrict8d funds 2024 Total funds 2024 General donations Sponsorship Subscriptions Income lax recoverablo Legacies Government grants 13,035 32.750 13.270 9,522 43,287 500 13,035 32. 750 13,270 9,522 43,287 Tolal 2024 112,364 112,864 Page15
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from charitable octivities Unrestricted fund$ 2025 Total funds 2025 Festival ticket sales Olhor festival renu0 68,318 13.178 68,318 13.178 Total 2026 81,496 81,496 Uns1Cted funds 2024 Total funds 2024 Festival ticket sales other festival revenue 65,937 72,835 65,937 12,835 Total 2024 78, 772 78, 772 Page 16
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Inve$lment in¢ome Unrestrlcted funds 2025 Total fund$ 2025 Income from listed investments Bank interest recelvable 14.498 5,850 14.498 5.850 Total 2025 20.348 20,348 UnTrstiicted nds 2024 Tot funds 2024 Income from listed investments Bank inleresl receivable 14,561 4.566 14.561 4,566 Total 2024 19, 127 f 9. 127 Analys1$ of expendlture on charftable actlvltles Summary by fund type Unrestricted Restricted funds funds 2025 2025 Tolal 2025 Festival & govemance experKliture 196.515 500 197.015 UnrestlFcled funds 2024 Reslricled funds 2024 Total 2024 F8Stival & govemance expenditure 194,579 195,079 Page 17
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of expenditure by actlvltles Activlties undertaken directty 2025 Support costs 2025 Total funds 2025 Festlval & governance expenditure 191,723 5.292 197,015 Actwilies undertaken dirnclly 2024 Support costs 2024 Total funds 2024 Festival & govemance expenditure 180. 125 14.954 195,079 Independent examlnerfs remunoratlon The independent examinerfs remuneration amounts lo an independent examiner fee of £4,188 12024 - £3, 7801. 10. Trusteg$' remungratlon and expenses During the year. no Trustees received any remuneration or other benefits (2024- £NIL). During tho year ended 31 August 2025, no TNslee expenses have been incurred (2024- £NIL). 11. Taxatlon 2025 2024 Corporation tax Theatre Tax Credits received in respect of previous periods (33, 102) Taxation (33. 102) The tax credit relates to Tax CredRs in respect of Thgalrg Tax Relief receNed by the char¢t8ble rnPany in respect of the prevtous year. There are no factors thal may affect future ta charges, except for potential future Claims lor Tax Credits in respect of Theatre Tax ReIiefWhh is not quantifiable at Ihg balance sheet date. Page 18
THE STOUR FESTIVAL COMPANY UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Tangiblo f¢d as¥¢ts Equlpment Cost or valuatlon At 1 September 2024 20.559 At 31 Au9VSt 2025 20.559 Depreclatlon At 1 September 2024 Charga for the year 6.425 5.140 At 31 August 2025 11,565 Not book valug At 31 August 2025 8,994 At 31 August 2024 14. 134 The above is a sound system which has been installed in Boughton Aluph Church. Page 19
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Flx¢d asset Investmonts Other tixed Ust8d asset investments investments Total Cost or valuation At 1 September 2024 Revaluations 375,091 28,570 45,752 420,843 29,664 At 31 AugLFSt 2025 403.661 450,$07 Net book value At 31 August 2025 403.661 46.846 450,507 At 31 August 2024 375,091 45, 752 420,843 All the fixed asset investment$ are shown at market value and are held in the UK. Funds administered by: 2025 2024 Baillie Gifford & Co M&G Securities Limitod Ruffer LLP Sarasin and Partners LLP Savills Charity Property Fund 81.278 117.284 97,508 107,591 61,563 112,409 95,638 105,281 45,752 450,507 42Q,843 14. Stocks 2025 2024 Finished good5 and goods for resale 803 787 P8gè 20
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Debtors 2025 2024 Othèr debtors Prepayments and accrued income 591 518 558 591 1,076 16. Croditors". Amounts falllng due wlthln one year 2025 2024 Accruals and deferred income 7.073 5,812 17. FSnan¢ial instruments 2025 2024 Financial assets Financial assets measured al fair value through income ond expenditure Financial assets that are debt instruments measured at amortised cost 131,231 691 123, 795 518 131,822 124,313 Financial ass81s mwured at fair value through income and expenditure comprise ¢ash heid al bank and in hand. Financial assets that are debt instruments measured at amortised cost comprise of other debtors. Page 21
THE STOUR FESTIVAL COMPANY UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statement of funds Statement of funds - current year Balanc8 at 1 Sèptèmber 2024 Balance at Gainsl 31 August (Losses) 2025 Income Expenditure Unrestrlcted funds General Funds Share capital (note 201 554.751 72 197,081 {196,5151 29,664 $84,981 72 554,823 197,081 {196,5151 29,664 585,053 Re5trlcted funds Local Authority Grant 600 15001 Tolal of lund$ 6H823 197.681 1197.0151 29.664 585,053 Page 22
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 18. Statement of funds Icontlnuedl Statement of funds- prior year Balance al I Seplemb6r 2023 Balan¢9 al 31 Augusl 2024 Transfets inloul Gainsl (Losses) Income Expenditu Unrestrlcted funds Deslgnated funds Special Projects (5.000) General funds General Funds Sharg capitol {note 20} 472.147 210,263 (161,477) 6,940 26.878 554, 751 72 472,219 210,263 (161,477) 6.940 26.878 554.823 Total Unrestricted funds 47T,219 210,263 (161.477J 1.940 26.878 554.823 Restrlcted funds Special projects fund Local Authority Grant 1,940 (1.940) 500 (500) 1.940 (500) (1.940) Total of funds 479,159 210.763 (161,977) 26,878 554.823 Local Authority Grant This grant was prowded to be spent on the choirforthe festlval and was fillty expended In the year. Pagè 23
THE STOUR FESTIVAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 19. Analysis of net assets between funds Analysis of net assets between funds- current yeai Unrestrlcted funds 2025 Totsl funds 2025 Tangible fixed assets Fixed asset investments Current assets cditorS due withln one year 8.994 450,507 132,625 (7,073) 8,994 450,507 132,625 17,073} Total 585,053 585,053 Analysis of net assets b•tween funds . Prlor year unStriCted funds 2024 Total funds 2024 Tangible fixed assets Fixed asset investments CUnI assets Creditors due wthin one year 14, 134 420,843 125,658 (5,812) 14, 134 420,843 125.658 (5,812) Ti>tal 554,823 554,823 Page 24
THE STOUR FESTV4lAL COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 20. Share Capital 2025 2024 Allotted, called up and fulty pald 72 Ordinary share$ of £1 each 72 72 21. Related party transactions TheTe have been no transactions with related partie5 during the peri(Id under review12024 - none), other than sponsorship of the festival and donations by trustees of £9,410 12024 - £13.0001 for which they received no personal bènefrt. 22. Post balance sheet events The Trustees are grateful for the notrficalion of a generous bequest of approximately £50,000 from the Estate of the late John Ewing Baker. Page 25