2021-11-30-accounts - The Windsor Festival Society Limited

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Contents ofthe Financial Statements
for the Year Ended 30November 2021

			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	20
Detailed Statement ofFinancial Activities		21	to	22

					2021	2020
			Unrestricted	Designated	Total	Total
			fund	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			85,622		85,622	192,939
Charitable activities
Activities for generating funds						(163)
Income from events (including	corporate
sponsorship)			72,920		72,920	2,700
Total			158,542		158,542	195,476
EXPENDITURE ON
Charitable activities
Cost ofevents Advertising and publicity ofevents			50,275 6,425		50,275 6,425	8,536 4,810
Festival administration &governance			102,630		102,630	118,100
Total			159,330		159,330	131,446
Net gains on investments				18,335	18,335	7,742
NET INCOME/(EXPENDITURE)			(788)	18,335	17,547	71,772
RECONCILIATION OF FUNDS
Total funds brought forward			39,030	214,945	253,975	182,203
TOTAL FUNDS CARRIED	FORWARD		38,242	233,280	271,522	253,975
CONTINUING OPERATIONS
All income and expenditure has arisen from		continuing	activities.

	Balance	Sheet	Sheet
	30November		2021
					2021	2020
	Unrestricted			Designated	Total	Total
			fund	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets			169		169	505
CURRENT ASSETS
Debtors	12	36,684			36,684	34,942
Investments	13			139,969	139,969	109,135
Cash at bank and in hand		24,739		93,311	118,050	113,338
		61,423		233,280	294,703	257,415
CREDITORS
Amounts falling due within one year	14	(23,350)			(23,350)	(3,945)
NET CURRENT ASSETS			38,073	233,280	271,353	253,470
TOTAL ASSETSLESSCURRENT
LIABILITIES			38,242	233,280	271,522	253,975
NET ASSETS			38,242	233,280	271,522	253,975
FUNDS	15
Unrestricted funds:
General fund					38,242	39,030
Designated funds					233 280	214,945
TOTAL FUNDS					271,522	253,975

3.	INCOME FROM CH	ARITABLE ACTIVITIES
				2021	2020
	Fund raising event				(163)
	Ticket sales and event	food		33,541	1,647
	Corporate Sponsors &	Advertising		36,500	1,050
	Sundry Sales				3
	Programme sales			166
	Entrance fees for Music Competition			2,713
				72,920	2,537
4.	CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 5)	note 6)	Totals
	Cost ofevents		50,275		50,275
	Advertising and publicity ofevents		6,425		6,425
	Festival administration	&governance	89,322	13,308	102,630
			146,022	13,308	159,330
5.	DIRECT COSTS OF	CHARITABLE ACTIVITIES
				2021	2020
	Advertising			6,425	4,810
	Cost ofevents			50,275	8,536
	Administration fee			87,375	102,458
	Other Costs			1,355	1,674
	Governance Treasurer	Allowance		300	300
	Accounting software			292	288
				146,022	118,066

SUPPORT	COSTS
				Governance
				costs
Festival administration		&governance		13,308
Support costs, included		in the above, are as follows:
			2021	2020
Independent	Examiner's	Fees	2,940	3,035
Independent	Examiners'	fee for other services	368	345
Accountancy	and legal	fees	10,000	10,000
			13,308	13,380
NKT INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			2021	2020
Independent	Examiner's	Fees	2,940	3,035
Independent	Examiners'	fee for other services	368	345
Depreciation	-owned assets		336	336

		Notes to the Financial	Notes to the Financial	Statements	continued
			for the Year Ended	30November	2021
COMPARATIVES FOR THE STATEMENT OF				FINANCIAL	ACTIVITIES
					Unrestricted	Designated	Total
					fund	funds	funds
INCOME AND ENDOWMENTS			FROM
Donations and legacies					192,939		192,939
Charitable activities
Activities for generating	funds				(163)		(163)
Income from events (including		corporate
sponsorship)					2,700		2,700
Total					195,476		195,476
EXPENDITURE ON
Charitable activities
Cost ofevents					8,536		8,536
Advertising and publicity	ofevents				4,810		4,810
Festival administration &governance					118,100		118,100
Total					131,446		131,446
Net gains on investments						7,742	7,742
NET INCOME					64,030	7,742	71,772
Transfers between funds					~25,0003	25,000
Net movement in funds					39,030	32,742	71,772
RECONCILIATION OF FUNDS
Total funds brought forward						182,203	182,203
TOTAL FUNDS CARRIED		FORWARD			39,030	254,945	253,975

11.	TANGIBLE FIX	EDASSETS
					Plant and
					machinery
	COST
	At 1 December 2020 and 30November		2021		1,009
	DEPRECIATION
	At 1 December 2020				504
	Charge for year				336
	At 30November	2021			840
	NET BOOKVALUE
	At 30November	2021			169
	At 30November	2020			505
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
	Trade debtors			6,065
	Other debtors			5,000	10,664
	Gift Aid Claim			16,874	19,807
	VAT			8,745	4,471
				36,684	34,942
13.	CURRENT ASSETINVESTMENTS
				2021	2020
	Listed investments			139,969	109,135

14.	CREDI	TORS: AM	OUNTS FA	LLING DUE WITHIN ONE Y	EAR
						2021	2020
	Trade creditors					11,715	250
	Accrued	expenses				11,635	~3695
						23,350	3,945
15.	MOVEMENT IN		FUNDS
					Net	Transfers
				At	movement	between	At
				1.12.20	in funds	funds	30.11.21
	Unrestricted funds
	General	fund		39,030	(788)		38,242
	Designated funds
	Designated Fund Reserve			30,810		(30,810)
	Festival	Foundation	Reserve	184,135	18,335	30,810	233,280
				214,945	18,335		233,280
	TOTAL	FUNDS		253,975	17,547		271,522
	Net movement in funds, included			in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
	Unrestricted funds
	General	fund		158,542	(159,330)		(788)
	Designated funds
	Festival	Foundation	Reserve			18,335	18,335
	TOTAL	FUNDS		158,542	~159,330)	18,335	17,547

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		195,476	(131,446)		64,030
Designated funds
Festival Foundation	Reserve			7,742	7,742
TOTAL FUNDS		195,476	~131,446)	7,742	71,772

	for the Ye	ar Ended 30November	2021
				2021	2020
		Unrestricted	Designated	Total	Total
		funds	funds	funds	funds
INCOME AND ENDOWMENTS
Donations and legacies
Legacies					25,000
Donations from Trust &charity		17,000		17,000	66,849
Donations and other subscriber		43,555		43,555	63,503
Grants - Public Bodies		15,000		15,000	27,500
Interest		67		67	87
Support in Kind		10,000		10,000	10,000
		85,622		85,622	192,939
Charitable activities
Fund raising event					(163)
Ticket sales and event food		33,541		33,541	1,647
Corporate Sponsors &Advertise		36,500		36,500	1,050
Sundry Sales					3
Programme sales		166		166
Entrance fees for Music Compet		2,713		2,713
		72,920		72,920	2,537
Total incoming resources		158,542		158,542	195,476
EXPENDITURE
Charitable activities
Advertising		6,425		6,425	4,810
Cost ofevents		50,275		50,275	8,536
Administration fee		87,375		87,375	102,458
Other Costs		1,355		1,355	1,674
Governance Treasurer Allowance		300		300	300
Accounting software		292		292	288
		146,022		146,022	118,066
Support costs
Governance costs
Independent Examiner's	Fees	2,940		2,940	3,035
Independent Examiners'	fee for other services	368		368	345
Accountancy and legal fees		10,000		10,000	10,000
		13,308		13,308	13,380