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2020-11-30-accounts

Page
Report ofthe Trustees 1 to 7
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 19
Detailed Statement ofFinancial Activities 20 to 2 I

2020 2019
Unrestricted Endowment Total Total
fund funds funds funds
Notes f.
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 192,939 192,939 165,081
Charitable
activiiies
Activities for generating
funds		 {163) (163) 2,276
Income from events (including corporate
sponsorship) 2,700 2,700 139,763
Total 195,476 195,476 307,120
EXPENDITURE ON
Charitable
activities
Cost ofevents 8,536 8,536 155,162
Advertising
and publicity ofevents
Festival administration k governance		 4,810
118,100		 4,810
118,100		 21,577
160,601
Total 131,446 131,446 337,340
Net gains on investments 7,742 7,742 10,178
NET INCOME/(EXPENDITURE) 64,030 7,742 71,772 (20,042)
Transfers between funds (25,000) 25,000
Net movement
in funds		 39,030 32,742 71,772 (20,042)
RECONCILIATION
OF FUNDS
Total funds brought forward 182,203 182,203 202,245
TOTAL FUNDS CARRIED FORWARD 39,030 214,945 253,975 182/03
CONTINUING
OPERATIONS
All income and expenditure
has arisen from		 continuing activities.
Balance Sheet Balance Sheet
30November 2020
2020 2019
Unrestricted Endowment Total Total
fund funds funds funds
Notes f
FIXEDASSETS
Tangible assets 505 505 841
CURRENT ASSETS
Debtors 12 34,942 34„942 81,052
Investments 13 109,135 109,135 101,393
Cash at bank and in hand 38,525 74,813 113,338 26,760
38,525 218,890 257,4l5 209,205
CREDITORS
Amounts
falling due within one year		 l4 (3,945) (3,945) (27,843)
NET CURRENT ASSETS 38,525 214,945 253,470 181,362
TOTAL ASSETSLESSCURRENT
LIABILITIES 39,030 214,945 253,975 182,203
NET ASSETS 39,030 214,945 253,975 182,203
FUNDS 15
Unrestricted
funds:
General
fund.		 39,030
Endowineut
funds		 214,945 182,203
TOTAL FUNDS 253,975 182,203

DONATIO NS
AND LEGACIES
2020 2019
Legacies 25,000
Donations 5om Trust k, charity 66,849 52,100
Donations and other subscriber 63,503 23,132
Grants - Pubhc Bodies 27,500 79,732
Interest 87 117
Support in Kind 10,000 10,000
192,939 165,081

3. INCOME FRO M C HARITABLE ACT IVITIES
2020 2019
Income
fiom
Activities events
for (including
generating corporate Total Total
funds sponsorship) activities activities
Fund raising event ( l63'} (I63) 2,276
Ticket sales and event food
Corporate Sponsors k Advettise		 1,647
1,050		 1,647
1,050		 81,861
44,200
Sundry Sales 3 3 743
Programme
sales		 1,646
Entrance Fees for String Compe 11,313
(i63) 2,700 2,537 142,039
4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
Cost ofevents 8,536 8,536
Advertising
and publicity ofevents
Festival administration
k governance		 4,810
104,720		 13,380 4,810
118,100
118,066 13,380 131,446
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
2020 2019
Advertising 4,810 21,577
Cost ofevents 8,536 155,162
Administration fee 102,458 136,000
Other Costs 1,674 8,655
Governor Treasurer Allowance 300 300
Accounting
sofhvare		 288 2,286
118,066 323„980

SUPPORT COSTS
Governance
costs
Festival. administration &governance 13,380
NKT INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2020 2019
Independent Examiner's Fees 3,035 3,000
independent Examiners' fee f'or other services 345 360
Depreciation - owned assets 336 168

Unrestricted Endowment Total
fund funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 165,081 165,081
Charitable
activities
Activities for generating funds 2,276 2,276
income from events (including corporate
sponsorship) 139,763 139,763
Total 307,120 307,120
EXPENDITURE ON
Charitable
activities
Cost ofevents 155,162 155,162
Advertising
and publicity		 ofevents 21,577 21,577
Festival administration &governance 160,601 160,601
Total 337,340 337,340
Net gains on investments 10„178 10,178

Notes to the Financial Statements - continued
for the Vear Ended 30November
2020		 Notes to the Financial Statements - continued
for the Vear Ended 30November
2020
COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Endowment Total
fund funds funds
NKT INCOME/{EXPENDITURE) {30,220) 10,178 (20,042)
Transfers between
funds		 30,220 (30,220)
Net movement
in funds		 {20,042) (20,042)
RECONCILIATION
OF FUNDS
Total funds brought forward 202 /45 202,245
TOTAL FUNDS CARRIED FORWARD 182,203 182,203
10. EMPLOYEES
The Society has no employees (2019:Nil)
11. TANGIBLE FIXEDASSETS
Plant and
machinery
COST
At 1December 2019and 30November 2020 1,009
DEPRECIATION
At 1 December 2019 168
Charge for year 336
At 30November
2020
NKT BOOKVALUE
At 30November
2020		 505
At 30November 2019 841

12. DEBTORS:A MOU NTS FALLING DUE WITHIN ONE YEAR
2020 2019
Trade debtors 53,950
Other debtors 10,664 2,427
GiftAid Claim 19,807 9,800
VAT 4,471 14,875
34,942 81,052
13. CURRENT ASSETINVESTMENTS
2020 2019
Listed investments 109,135 101,393
14. CREDITORS: AMOUNTS FALLEN DUE WITHIN ONE YEAR
2020 2019
K
Trade creditors 250 13,715
Other creditors 8,484
Accrued expenses 3,695 5,644
3,945 27,843
15. MOVEMKNT IN FUNDS
Net Tnnsfers
At movement between At
1.12.19 ln funds funds 30.11.20
Unrestricted funds
General fund 64,030 (25,000) 39,030
Endowment
funds
Designated
Fund Reserve		 5,810 25,000 30,810
Festival Foundation Reserve 176,393 7,742 184,135
182,203 7,742 25,000 214,945
TOTAL FUNDS 182,203 71,772 253,975

Incoming Resources Galfls and Movement
1esources expended losses in funds
f.
Unrestricted funds
General fund 195.476 (131,446) 64,030
Endowment funds
Festival Foundation Reserve 7,742 7,742
TOTAL FUNDS 195,476 (131,446) 7,742 71,772
Comparatives for movement in funds
Net Transfers
At movemem between At
1.12.18 in funds funds 30.11.19
E
Unrestricted funds
General fund (30,220) 30,270
Endowment funds
Designated
Fund Reserve		 36,030 (30,220) 5,810
Festival Foundation Reserve 166,215 10,178 176,393
202,245 10,178 (30,220 ) 182,203
TOTAL FUNDS 202,245 {20,042) 182,203
Comparative net movement in funds, included m the above are as follows:
Irlconllng Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 307,120 (337,340) (30,220)
Endowment funds
Festival Foundation Reserve 10,178 10,178
TOTAL FUNDS 307,120 (337,340) 10,178 (20,042)

for the Yea r Ended 30November 2020
2020 2019
Umestricted Endowment Total Total
funds funds fttnds funds
f.
VTCOME AND ENDOWMKNTS
Donations
and legacies
Legacies 25,000 25,000
Donations
from Trust k.charity		 66,849 66,849 52,100
Donations
and other		 subscriber 63,503 63,503 23,132
Grants - Public Bodies 27,500 27,500 79,732
Interest 87 87 117
Support in Kind 10,000 10,000 10,000
192,939 192,939 165,081
Charitable
activities
Fund raising event (163) (163) 2,276
Ticket sales and event food 1„647 1,647 81,861
Corporate Sponsors 8r, Advertise 1,050 1,050 44,200
Sundry Sales 3 3 743
Programme
sales		 1,646
Entrance Fees for String Compe 11,313
2,537 2,537 142,039
Total incoming resources 195,476 195,476 307,120
KXPKNDITURK
Charitable
activities
Advertising 4,810 4,810 21,577
Cost ofevents 8,536 8,536 155,162
Administration
fee		 I02,458 102,458 136.000
Other Costs 1,674 1,674 8,655
Governor Treasurer Allowance 300 300 300
Accounting
software		 288 288 2,286
118,066 118,066 323,980
Support costs
Governance
costs
Independent
Examiner's		 Fees 3,035 3,035 3,000
Independent
Examiners'		 fee for other services 345 345 360
Accountancy
and		 legal fees 10,000 10,000 10,000
13,380 I3,380 13,360
Detailed Statement ofFinancial A
for the Year Ended 30November		 c&ities
2020
2020 2019
Umestricted Endowment Total Total
funds funds funds funds
Total resources expended 131,446 131,446 337,340
Net (expenditure)/income 64,030 64,030 (30,220)