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 Fre￿Ork 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 cOp￿S 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 Art￿leS 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 wh￿h 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
I￿ome 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 fina￿￿1 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 re￿rdS 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 fina￿la1 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 othe￿iSe
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 dOr￿tionS ￿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 Class￿led 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 be￿een 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 re￿nISed at cost. After recognition, under the cost model. tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impai￿ent
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 re￿nised 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 dis￿Unt 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 wh￿h 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 re￿nu0
68,318
13.178
68,318
13.178
Total 2026
81,496
81,496
Un￿s1￿Cted
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 ReIiefWh￿h 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
c￿ditorS 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
un￿StriCted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
CU￿nI 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