|||||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|
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||||||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|
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|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|
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|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|
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|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|
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|||||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|
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|||||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)|
##
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##
|||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)|