| 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 |