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2020-12-31-accounts
|
|
Page no. |
| A |
Chairman’s Statement |
1 |
| B |
Festival Reports |
2-5 |
| C |
Directors’ Annual Report |
6-11 |
| D |
Independent Auditor’s Report |
12-15 |
| E |
Statement of Financial Activities |
16-17 |
|
(also summary income and expenditure report) |
|
| F |
Balance sheet |
18 |
| G |
Statement of Changes in Equity |
19 |
| H |
Cash Flow Statement |
20 |
| I |
Notes to the Financial Statements |
21-36 |
|
2020 |
2019 |
| Income |
£ |
£ |
| Ticket Sales |
152,523 |
2,937,261 |
| Sponsorship: Cash and in-kind |
736,789 |
1,591,266 |
| Grants and Donations - Trusts, Culture Recovery Fund and Others |
1,752,683 |
749,697 |
| Grant - Arts Council |
421,480 |
213,551 |
| In-kind Support |
|
25,900 |
| Patrons and Members |
427,684 |
551,326 |
| Miscellaneous |
6,454 |
395,900 |
| CF Productions ticket booking fee |
2,108 |
69,644 |
| Total Income |
3,499,721 |
6,534,545 |
| Expenditure |
|
|
| Programme Costs |
661,048 |
3,458,213 |
| Fees and Salaries |
1,533,175 |
1,755,032 |
| Marketing and Sponsorship |
226,453 |
454,962 |
| Administration |
247,877 |
770,654 |
| Unwind of discount on interest free loans |
(16,314) |
15,810 |
| Total Expenditure |
2,652,240 |
6,454,671 |
| Movement in Reserves |
847,481 |
79,874 |
|
Note |
Unrestricted |
Restricted |
Total |
Total |
|
No. |
Funds |
Funds |
2020 |
2019 |
|
|
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM: |
|
|
|
|
|
| Donations and Legacies |
2 |
2,154,392 |
312,937 |
2,467,329 |
1,380,915 |
| Income from Charitable |
|
|
|
|
|
| Activities |
5 |
291,973 |
- |
291,973 |
3,491,528 |
| Other Trading Activities |
3 |
738,897 |
- |
738,897 |
1,660,910 |
| Investments |
4 |
1,522 |
- |
1,522 |
1,192 |
| TOTAL INCOME AND |
|
|
|
|
|
| ENDOWMENTS |
|
3,186,784 |
312,937 |
3,499,721 |
6,534,545 |
| Raising Funds |
6 |
514,183 |
|
514,183 |
776,386 |
| Charitable Activities |
7 |
1,843,430 |
310,941 |
2,154,371 |
5,662,475 |
| TOTAL EXPENDITURE |
8,9 |
2,357,613 |
310,941 |
2,668,554 |
6,454,671 |
| NET INCOMING RESOURCES |
|
829,171 |
1,996 |
831,167 |
95,684 |
| Other gains/(losses) |
10 |
16,314 |
- |
16,314 |
(15,810) |
| NET MOVEMENT IN FUNDS |
|
845,485 |
1,996 |
847,481 |
79,874 |
| Total Funds brought forward at |
|
|
|
|
|
| 31 December 2019 |
|
180,651 |
76,090 |
256,741 |
176,867 |
| Funds carried forward at |
|
|
|
|
|
| 31 DECEMBER 2020 |
|
1,026,136 |
78,086 |
1,104,222 |
256,741 |
|
Note |
Unrestricted |
Restricted |
Total |
Total |
|
No. |
Funds |
Funds |
2020 |
2019 |
|
|
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM: |
|
|
|
|
|
| Donations and Legacies |
2 |
2,154,392 |
312,937 |
2,467,329 |
1,380,915 |
| Income From Charitable |
|
|
|
|
|
| Activities |
5 |
291,973 |
- |
291,973 |
3,491,528 |
| Other Trading Activities |
3 |
736,789 |
- |
736,789 |
1,591,267 |
| Investment Income |
4 |
11,464 |
- |
11,464 |
9,551 |
| TOTAL INCOME AND |
|
|
|
|
|
| ENDOWMENTS |
|
3,194,618 |
312,937 |
3,507,555 |
6,473,261 |
| Raising Funds |
6 |
357,258 |
|
357,258 |
528,838 |
| Charitable Activities |
7 |
1,878,230 |
310,941 |
2,189,171 |
5,941,552 |
| TOTAL EXPENDITURE |
8,9 |
2,235,488 |
310,941 |
2,546,429 |
6,470,390 |
| NET INCOMING RESOURCES |
|
959,130 |
1,996 |
961,126 |
2,871 |
| Other gains/(losses) |
10 |
16,895 |
- |
16,895 |
(14,688) |
| NET MOVEMENT IN FUNDS |
|
976,025 |
1,996 |
978,021 |
(11,817) |
| Total Funds brought forward at |
|
|
|
|
|
| 31 December 2019 |
|
204,003 |
76,090 |
280,093 |
291,910 |
| Funds carried forward at |
|
|
|
|
|
| 31 DECEMBER 2020 |
|
1,180,028 |
78,086 |
1,258,114 |
280,093 |
| F Balance Sheets |
|
|
|
|
|
|
|
Consolidated |
|
**Cheltenham ** |
Festivals |
|
Note |
2020 |
2019 |
2020 |
2019 |
|
|
£ |
£ |
£ |
£ |
| Fixed Assets |
|
|
|
|
|
| Tangible Assets |
11 |
75,653 |
71,818 |
74,730 |
70,313 |
| Investments |
12 |
|
|
1 |
1 |
|
|
75,653 |
71,818 |
74,731 |
70,314 |
| Current Assets: |
|
|
|
|
|
| Debtors |
13 |
436,026 |
514,630 |
597,303 |
554,234 |
| Cash in hand |
|
1,391,681 |
826,061 |
1,370,529 |
792,486 |
|
|
1,827,707 |
1,340,691 |
1,967,832 |
1,346,720 |
| Creditors: Amounts falling due |
|
|
|
|
|
| within one year |
14 |
(667,499) |
(979,484) |
(652,810) |
(968,407) |
| Net Current Assets |
|
1,160,208 |
361,207 |
1,315,022 |
378,313 |
| Total Assets less current |
|
|
|
|
|
| Liabilities |
|
1,235,861 |
433,025 |
1,389,753 |
448,627 |
| Creditors: Amounts falling due |
|
|
|
|
|
| after more than one year |
16 |
(131,639) |
(176,284) |
(131,639) |
(168,534) |
| Net Assets |
|
1,104,222 |
256,741 |
1,258,114 |
280,093 |
| Funds: |
|
|
|
|
|
| Unrestricted Funds: |
|
|
|
|
|
| General Reserve |
17 |
1,026,136 |
180,651 |
1,180,028 |
204,003 |
| Total Unrestricted Funds |
|
1,026,136 |
180,651 |
1,180,028 |
204,003 |
| Restricted Funds: |
|
|
|
|
|
| Education Reserves |
17 |
78,086 |
76,090 |
78,086 |
76,090 |
| Total Restricted Funds |
|
78,086 |
76,090 |
78,086 |
76,090 |
| Total Funds |
|
1,104,222 |
256,741 |
1,258,114 |
280,093 |
|
Restricted |
|
|
Total |
|
Funds |
**Unrestricted ** |
Funds |
|
| Consolidated |
Education |
|
Patrons |
Restricted and |
|
Reserves |
General Reserve |
Resilience |
Unrestricted |
|
|
|
Fund |
Funds |
|
£ |
£ |
£ |
£ |
| Opening Balances at 1 January |
76,090 |
180,651 |
- |
256,741 |
| 2020 |
|
|
|
|
| Surplus for the year |
1,996 |
525,128 |
320,357 |
847,481 |
| Closing Balances at 31 |
|
|
|
|
| December 2020 |
78,086 |
705,779 |
320,357 |
1,104,222 |
|
Restricted |
|
|
Total |
|
Funds |
**Unrestricted ** |
Funds |
|
| Cheltenham Festivals |
Education |
General Reserve |
Patrons |
Restricted and |
|
Reserves |
|
Resilience |
Unrestricted |
|
|
|
Fund |
Funds |
| Opening Balances at 1 January |
|
|
|
|
| 2020 |
76,090 |
204,003 |
- |
280,093 |
| Surplus for the year |
1,996 |
655,668 |
320,357 |
978,021 |
| Closing Balances at 31 |
|
|
|
|
| December 2020 |
78,086 |
859,671 |
320,357 |
1,258,114 |
| H Cash Flow Statement |
|
|
|
|
|
|
|
|
2020 |
|
2019 |
|
Note |
£ |
£ |
£ |
£ |
| Cash provided by |
|
|
|
|
|
| operating activities |
19 |
|
668,038 |
|
7,685 |
| Cash flows from investing activities |
|
|
|
|
|
| Interest income |
|
1,522 |
|
1,192 |
|
| Purchase of tangible fixed assets |
|
(33,609) |
|
(59,594) |
|
| Cash provided by/(used in ) investing |
|
|
|
|
|
| activities |
|
|
(32,087) |
|
(58,402) |
| Cash flows from financing activities |
|
|
|
|
|
| Repayment of loans |
(70,331) |
|
|
(50,333) |
|
| Cash provided by/(used in) financing |
|
|
|
|
|
| activities |
|
|
(70,331) |
|
(50,333) |
| (Decrease)Zincrease in cash and cash equivalents in |
|
|
|
|
|
| the year |
|
|
565,620 |
|
(101,050) |
| Cash and cash equivalents at the beginning |
|
|
|
|
|
| of the year |
|
|
826,061 |
|
927,111 |
| Total cash and cash equivalents at the end |
|
|
|
|
|
| of the year |
|
|
1,391,681 |
|
826,061 |
|
2020 |
2019 |
| Unrestricted Funds: |
£ |
£ |
| Donations / Charitable Trusts |
753,917 |
249,067 |
| Culture Recovery Fund |
391,970 |
- |
| Job Retention Scheme |
240 871 |
- |
| Grants - Arts Council |
421,480 |
213,551 |
| In-kind Support |
- |
25,900 |
| Patrons |
323,066 |
327,977 |
| Legacies |
8,000 |
- |
| Education |
15,088 |
63,790 |
| Total Unrestricted Funds |
2,154,392 |
880,285 |
| Restricted Funds |
312,937 |
500,630 |
| Total Donations and Legacies |
2,467,329 |
1,380,915 |
|
2020 |
2019 |
| Unrestricted Funds: |
£ |
£ |
| Donations / Charitable Trusts |
753,917 |
249,067 |
| Culture Recovery Fund |
391,970 |
- |
| Job Retention Scheme |
240,871 |
- |
| Grants - Arts Council |
421,480 |
213,551 |
| In-kind Support |
- |
25,900 |
| Patrons |
323,066 |
327,977 |
| Legacies |
8,000 |
|
| Education |
15,088 |
63,790 |
| Total Unrestricted Funds |
2,154,392 |
880,285 |
| Restricted Funds |
312,937 |
500,630 |
| Total Donations and Legacies |
2,467,329 |
1,380,915 |
|
|
2020 |
2019 |
|
Unrestricted Funds: |
£ |
£ |
|
Sponsorship |
594,389 |
1,324,186 |
|
Sponsorship-In-kind |
142,400 |
267,080 |
|
Ticket Booking Fee |
2,108 |
69,644 |
|
Total Unrestricted Funds |
738,897 |
1,660,910 |
|
Restricted Funds |
- |
- |
|
Total Other Trading Activities |
738,897 |
1,660,910 |
|
**Income and Endowments from Other Trading Activities - Cheltenham ** |
|
Festivals |
|
|
2020 |
2019 |
|
Unrestricted Funds: |
£ |
£ |
|
Sponsorship |
594,389 |
1,324,187 |
|
Sponsorship-In-Kind |
142,400 |
267,080 |
|
Total Unrestricted Funds |
736,789 |
1,591,267 |
|
Restricted Funds |
|
- |
|
Total Other Trading Activities |
736,789 |
1,591,267 |
| **4 ** |
Income and Endowments from Investments - Consolidated |
|
|
|
|
2020 |
2019 |
|
Unrestricted Funds:- |
£ |
£ |
|
Bank interest |
1,522 |
1,192 |
|
|
2020 |
2019 |
| Unrestricted Funds:- |
|
£ |
£ |
| Bank interest |
|
1,522 |
1,192 |
| Interest on loan to CF Productions Limited |
|
9,942 |
8,359 |
|
|
11,464 |
9,551 |
|
25 |
|
|
| **5 ** |
Income and Endowments from Charitable Activities - Consolidated |
Income and Endowments from Charitable Activities - Consolidated |
|
|
|
2020 |
2019 |
|
Unrestricted Funds: |
£ |
£ |
|
Box Office Ticket Sales |
152,523 |
2,937,261 |
|
Commission |
6,306 |
134,987 |
|
Memberships |
104,618 |
223,349 |
|
Broadcast Fees |
- |
250 |
|
Programme Book |
- |
2,220 |
|
Other Income (see Note 6) |
28,526 |
193,461 |
|
Total Unrestricted Funds |
291,973 |
3,491,528 |
|
Restricted Funds |
|
- |
|
Total Income and Endowments from Charitable Activities |
291,973 |
3,491,528 |
| **5 ** |
**Income and Endowments from Charitable Activities - Cheltenham ** |
|
Festivals |
|
|
2020 |
2019 |
|
Unrestricted Funds: |
£ |
£ |
|
Box Office Ticket Sales |
152,523 |
2,937,261 |
|
Commission |
6,306 |
134,987 |
|
Memberships |
104,618 |
223,349 |
|
Broadcast Fees |
- |
250 |
|
Programme Book |
- |
2,220 |
|
Other Income (see Note 6) |
28,526 |
193,461 |
|
Total Unrestricted Funds |
291,973 |
3,491,528 |
|
Restricted Funds |
- |
|
|
Total Income and Endowments from Charitable Activities |
291,973 |
3,491,528 |
|
2020 |
2019 |
| Unrestricted Funds: |
£ |
£ |
| Salaries - Fundraising Team |
309,458 |
293,764 |
| Salaries - Box Office |
99,807 |
146,904 |
| Fundraising Team Expenses |
16,037 |
52,646 |
| Box Office Expenses |
57,118 |
100,644 |
| Other Expenditure |
31,763 |
182,428 |
| Total Unrestricted Funds |
514,183 |
776,386 |
| Restricted Funds |
- |
- |
| Total Expenditure on Raising Funds |
514,183 |
776,386 |
|
2020 |
2019 |
| Unrestricted Funds: |
£ |
£ |
| Salaries |
309,458 |
293,764 |
| Fundraising Team Expenses |
16,037 |
52,646 |
| Other Expenditure |
31,763 |
182,428 |
| Total Unrestricted Funds |
357,258 |
528,838 |
| Restricted Funds |
- |
- |
| Total Expenditure on Raising Funds |
357,258 |
528,838 |
|
2020 |
2019 |
| Unrestricted Funds: |
£ |
£ |
| Fees & Salaries |
999,387 |
1,196,512 |
| Production |
384,897 |
1,789,142 |
| Artistic Programme |
26,188 |
977,487 |
| Administration |
183,975 |
699,680 |
| Marketing |
210,416 |
402,316 |
| CBC In-Kind Support |
- |
25,900 |
| Education |
10,274 |
39,013 |
| Commissions |
9,433 |
17,458 |
| Programme Book |
- |
7,900 |
| Audit Fee |
8,800 |
8,904 |
| Governance |
10,060 |
21,183 |
| Total Unrestricted Funds |
1,843,430 |
5,185,495 |
| Restricted Funds |
310,941 |
476,980 |
| Total Expenditure on Charitable Activities |
2,154,371 |
5,662,475 |
|
2020 |
2019 |
| Unrestricted Funds: |
£ |
£ |
| Fees & Salaries |
999,387 |
1,196,512 |
| Production |
384,897 |
1,789,142 |
| Artistic Programme |
26,188 |
977,487 |
| Administration |
220,475 |
736,179 |
| Box Office Commission |
- |
243,481 |
| Marketing |
210,416 |
402,316 |
| CBC In-Kind Support |
- |
25,900 |
| Education |
10,274 |
39,013 |
| Commissions |
9,433 |
17,458 |
| Programme Book |
- |
7,900 |
| Audit Fee |
7,100 |
8,000 |
| Governance |
10,060 |
21,183 |
| Total Unrestricted Funds |
1,878,230 |
5,464,572 |
| Restricted Funds |
310,941 |
476,980 |
| Total Expenditure on Charitable Activities |
2,189,171 |
5,941,552 |
|
2020 |
2019 |
|
£ |
£ |
| Salaries |
1,304,409 |
1,412,708 |
| National insurance costs |
118,261 |
128,970 |
| Pension costs |
60,940 |
65,936 |
| Total Staff Costs & Emoluments |
1,483,610 |
1,607,614 |
|
|
2020 |
2019 |
| £60,001 |
-£70,000 |
1 |
- |
| £70,001 |
-£80,000 |
1 |
1 |
|
|
2 |
1 |
|
|
Unrestricted Funds |
Unrestricted Funds |
|
|
| Consolidated |
Furniture and |
|
Plant and |
Computing |
Total |
|
|
Fittings |
Equipment |
Costs |
Tangible |
|
|
|
|
|
Fixed Assets |
|
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
| As at 1 January 2020 |
|
33,201 |
46,981 |
556,585 |
636,767 |
| Additions in year |
|
- |
- |
33,609 |
33,609 |
| As at 31 DECEMBER |
|
|
|
|
|
| 2020 |
|
33,201 |
46,981 |
590,194 |
670,376 |
| Accumulated |
|
|
|
|
|
| Depreciation |
|
|
|
|
|
| As at 1 January 2020 |
|
30,673 |
21,770 |
512,506 |
564,949 |
| Charge for year |
|
1,486 |
7,598 |
20,690 |
29,774 |
| As at 31 DECEMBER |
|
|
|
|
|
| 2020 |
|
32,159 |
29,368 |
533,196 |
594,723 |
| Net Book Value |
|
|
|
|
|
| As at 31 DECEMBER |
|
|
|
|
|
| 2020 |
|
1,042 |
17,613 |
56,998 |
75,653 |
| As at 31 December 2019 |
|
2,528 |
25,211 |
44,079 |
71,818 |
| Cheltenham Festivals |
|
|
|
|
|
|
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
| As at 1 January 2020 |
|
20,622 |
46,981 |
361,610 |
429,213 |
| Additions in year |
|
- |
- |
33,609 |
33,609 |
| As at 31 DECEMBER |
|
|
|
|
|
| 2020 |
|
20,622 |
46,981 |
395,219 |
462,822 |
| Accumulated |
|
|
|
|
|
| Depreciation |
|
|
|
|
|
| As at 1 January 2020 |
|
19,479 |
21,771 |
317,650 |
358,900 |
| Charge for year |
|
1,024 |
7,598 |
20,570 |
29,192 |
| As at 31 DECEMBER |
|
|
|
|
|
| 2020 |
|
20,503 |
29,369 |
338,220 |
388,092 |
| Net Book Value |
|
|
|
|
|
| As at 31 DECEMBER |
|
|
|
|
|
| 2020 |
|
119 |
17,612 |
56,999 |
74,730 |
| As at 31 December 2019 |
__ |
1,143 |
25,210 |
43,960 |
70,313 |
|
Consolidated |
Consolidated |
**Cheltenham ** |
Festivals |
|
2020 |
2019 |
2020 |
2019 |
|
**£ ** |
**£ ** |
**£ ** |
£ |
| Investment in Subsidiary |
- |
- |
11 |
|
| Market value at 31 December |
|
|
1 |
1 |
| Historic cost at 31 December |
- |
|
11 |
|
| Investments comprise:- |
|
|
|
|
|
Consolidated |
|
**Cheltenham ** |
Festivals |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Shares in CF Productions Limited |
- |
- |
1 |
1 |
| Investments at 31 December |
___- |
- |
1 |
1 |
|
Consolidated |
Consolidated |
**Cheltenham ** |
Festivals |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Payments in advance |
15,778 |
25,542 |
15,778 |
25,542 |
| Trade and other debtors |
420,248 |
489,088 |
419,326 |
488,166 |
| Inter-company debtor |
- |
- |
162,199 |
40,526 |
| Total Debtors |
436,026 |
514,630 |
597,303 |
554,234 |
|
Consolidated |
Consolidated |
**Cheltenham ** |
Festivals |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
|
| Trade and other creditors |
258,092 |
390,045 |
251,996 |
387,564 |
| Deferred income (note 15) |
369,243 |
503,420 |
369,243 |
503,240 |
| Loans from individuals |
8,331 |
50,334 |
- |
42,000 |
| Other taxes and social security costs |
31,833 |
35,685 |
31,571 |
35,423 |
| Total Creditors |
667,499 |
979,484 |
652,810 |
968,407 |
|
Consolidated |
Consolidated |
**Cheltenham ** |
Festivals |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Opening Balance at 1 January 2020 |
503,420 |
409,125 |
503,420 |
409,125 |
| Amount released to Incoming Resources |
(503,240) |
(409,125) |
(503,240) |
(409,125) |
| Amount accruing during year |
369,243 |
503,420 |
369,243 |
503,420 |
| Closing Balance at 31 DECEMBER 2020 |
369,243 |
503,420 |
369,243 |
503,420 |
|
**Consolidated ** |
**Consolidated ** |
**Cheltenham ** |
Festivals |
|
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Loans from individuals |
131,639 |
176,284 |
131,639 |
168,534 |
|
Restricted |
|
|
|
|
Funds |
**Unrestricted ** |
Funds |
Total |
| Consolidated |
|
|
|
Restricted and |
|
Education |
General |
Patrons |
Unrestricted |
|
Reserves |
Reserve |
Resilience |
Funds |
|
|
|
Fund |
|
|
£ |
£ |
£ |
£ |
| Opening Balances at 1 January |
76,090 |
180,651 |
- |
256,741 |
| 2020 |
|
|
|
|
| Surplus / (Deficit) for the year |
1,996 |
525,128 |
320,357 |
847,481 |
| Closing Balances at 31 |
|
|
|
|
| December 2020 |
78,086 |
705,779 |
320,357 |
1,104,222 |
|
Restricted |
|
|
|
|
Funds |
**Unrestricted ** |
Funds |
Total |
| Cheltenham Festivals |
|
|
|
Restricted and |
|
Education |
General |
Patrons |
Unrestricted |
|
Reserves |
Reserve |
Resilience |
Funds |
|
|
|
Fund |
|
|
£ |
£ |
£ |
£ |
| Opening Balances at 1 January |
76,090 |
204,003 |
- |
280,093 |
| 2020 |
|
|
|
|
| Surplus / (Deficit) for the year |
1,996 |
655,668 |
320,357 |
978,021 |
| Closing Balances at 31 |
|
|
|
|
| December 2020 |
78,086 |
859,671 |
320,357 |
1,258,114 |
|
Restricted |
|
|
|
|
Funds |
**Unrestricted ** |
Funds |
Total |
| Consolidated |
|
|
|
|
|
|
|
Patrons |
Restricted and |
|
Education |
General |
Resilience |
Unrestricted |
|
Reserves |
Reserve |
Fund |
Funds |
|
£ |
£ |
£ |
£ |
| Tangible Fixed |
|
|
|
|
| Assets |
|
75,653 |
|
75,653 |
| Current Assets |
|
|
|
|
| Debtors |
|
436,026 |
|
436,026 |
| Cash in hand |
219,186 |
852,138 |
320,357 |
1,391,681 |
|
219,186 |
1,288,164 |
320,357 |
1,827,707 |
| Creditors: |
|
|
|
|
| amounts falling |
|
|
|
|
| due within one |
|
|
|
|
| year |
(141,100) |
(526,399) |
|
(667,499) |
| Net Current |
|
|
|
|
| Assets/(Liabilities) |
78,086 |
761,765 |
320,357 |
1,160,208 |
| Total Assets less |
|
|
|
|
| Current |
|
|
|
|
| Liabilities |
78,086 |
837,418 |
320,357 |
1,235,861 |
| Creditors: |
|
|
|
|
| amounts falling |
|
|
|
|
| due after one year |
|
(131,639) |
|
(131,639) |
| Total Net Assets |
78,086 |
705,779 |
320,357 |
1,104,222 |
|
Restricted Funds |
Unrestricted Funds |
Unrestricted Funds |
Total |
| Cheltenham |
|
|
|
|
| Festivals |
|
General |
Patrons |
|
|
Education |
Reserve |
Resilience |
Restricted and |
|
Reserves |
|
Fund |
Unrestricted Funds |
|
£ |
£ |
£ |
£ |
| Tangible Fixed |
|
|
|
|
| Assets |
- |
74,730 |
- |
74,730 |
| Investments |
- |
1 |
- |
1 |
|
|
74,731 |
- |
74,731 |
| Current Assets |
|
|
|
|
| Debtors |
|
597,303 |
|
597,303 |
| Cash in hand |
219,186 |
830,986 |
320,357 |
1,370,529 |
|
219,186 |
1,428,289 |
320,357 |
1,967,832 |
| Creditors: |
|
|
|
|
| amounts falling |
|
|
|
|
| due within one |
|
|
|
|
| year |
(141,100) |
(511,710) |
|
(652,810) |
| Net Current |
|
|
|
|
| Assets/(LiabiIities) |
78,086 |
916,579 |
320,357 |
1,315,022 |
| Total Assets less |
|
|
|
|
| current liabilities |
78,086 |
991,310 |
320,357 |
1,389,753 |
| Creditors: |
|
|
|
|
| amounts falling |
|
|
|
|
| due after one year |
|
(131,639) |
|
(131,639) |
| Total Net Assets |
78,086 |
859,671 |
320,357 |
1,258,114 |
|
2020 |
2019 |
|
£ |
£ |
| Net incomeZ(expenditure) before other recognised |
|
|
| gains and losses |
847,481 |
79,874 |
| Interest (received)/paid (net of interest receivable) |
(17,836) |
14,618 |
| Depreciation |
29,774 |
28,994 |
| (Increase)Zdecrease in debtors |
78,604 |
(270,423) |
| (Decrease)Zincrease in creditors |
(269,982) |
154,622 |
| Net cash provided by operating activities |
668,038 |
7,685 |