|Contents ofthe Financial<br>Statements|
|---|
|for the Year Ended 30November<br>2021|



||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|7|
|Independent<br>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|





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Total|Total|
||||fund|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations<br>and legacies|||85,622||85,622|192,939|
|Charitable<br>activities|||||||
|Activities for generating<br>funds||||||(163)|
|Income from events (including|corporate||||||
|sponsorship)|||72,920||72,920|2,700|
|Total|||158,542||158,542|195,476|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Cost ofevents<br>Advertising<br>and publicity ofevents|||50,275<br>6,425||50,275<br>6,425|8,536<br>4,810|
|Festival administration<br>&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<br>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<br>OPERATIONS|||||||
|All income and expenditure<br>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<br>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<br>funds:|||||||
|General fund|||||38,242|39,030|
|Designated<br>funds|||||233 280|214,945|
|TOTAL FUNDS|||||271,522|253,975|





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|DONAT|IO|NS<br>AND LEGACIES|||
|---|---|---|---|---|
||||2021|2020|
|Legacies<br>Donations||from Trust k charity|17,000|25,000<br>66,849|
|Donations||and other subscriber|43,555|63,503|
|Grants -|Public Bodies||15,000|27,500|
|Interest|||67|87|
|Support|in|Kind|10,000|10,000|
||||85,622|192,939|





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|3.|INCOME FROM CH|ARITABLE ACTIVITIES||||
|---|---|---|---|---|---|
|||||2021|2020|
||Fund raising event||||(163)|
||Ticket sales and event|food||33,541|1,647|
||Corporate<br>Sponsors &|Advertising||36,500|1,050|
||Sundry Sales||||3|
||Programme<br>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<br>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<br>fee|||87,375|102,458|
||Other Costs|||1,355|1,674|
||Governance<br>Treasurer|Allowance||300|300|
||Accounting<br>software|||292|288|
|||||146,022|118,066|





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|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|



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|||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<br>and legacies||||||192,939||192,939|
|Charitable<br>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<br>activities|||||||||
|Cost ofevents||||||8,536||8,536|
|Advertising<br>and publicity|ofevents|||||4,810||4,810|
|Festival administration<br>&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<br>between funds||||||~25,0003|25,000||
|Net movement<br>in funds||||||39,030|32,742|71,772|
|RECONCILIATION<br>OF FUNDS|||||||||
|Total funds brought forward|||||||182,203|182,203|
|TOTAL FUNDS CARRIED||FORWARD||||39,030|254,945|253,975|





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|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|





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|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<br>funds|||||||
||General|fund||39,030|(788)||38,242|
||Designated<br>funds|||||||
||Designated<br>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<br>in funds, included|||in the above are as follows:||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
||Unrestricted<br>funds|||||||
||General|fund||158,542|(159,330)||(788)|
||Designated<br>funds|||||||
||Festival|Foundation|Reserve|||18,335|18,335|
||TOTAL|FUNDS||158,542|~159,330)|18,335|17,547|





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||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
|||||At|movement|between|At|
|||||1.12.19|in funds|funds|30.11.20|
|Unrestricted||funds||||||
|General|fund||||64,030|(25,000)|39,030|
|Designated||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|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted<br>funds||||||
|General fund||195,476|(131,446)||64,030|
|Designated<br>funds||||||
|Festival Foundation|Reserve|||7,742|7,742|
|TOTAL FUNDS||195,476|~131,446)|7,742|71,772|





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||for the Ye|ar Ended 30November|2021|||
|---|---|---|---|---|---|
|||||2021|2020|
|||Unrestricted|Designated|Total|Total|
|||funds|funds|funds|funds|
|INCOME AND ENDOWMENTS||||||
|Donations<br>and legacies||||||
|Legacies|||||25,000|
|Donations<br>from Trust &charity||17,000||17,000|66,849|
|Donations<br>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<br>activities||||||
|Fund raising event|||||(163)|
|Ticket sales and event food||33,541||33,541|1,647|
|Corporate<br>Sponsors &Advertise||36,500||36,500|1,050|
|Sundry Sales|||||3|
|Programme<br>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<br>activities||||||
|Advertising||6,425||6,425|4,810|
|Cost ofevents||50,275||50,275|8,536|
|Administration<br>fee||87,375||87,375|102,458|
|Other Costs||1,355||1,355|1,674|
|Governance<br>Treasurer Allowance||300||300|300|
|Accounting<br>software||292||292|288|
|||146,022||146,022|118,066|
|Support costs||||||
|Governance<br>costs||||||
|Independent<br>Examiner's|Fees|2,940||2,940|3,035|
|Independent<br>Examiners'|fee for other services|368||368|345|
|Accountancy<br>and legal fees||10,000||10,000|10,000|
|||13,308||13,308|13,380|





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||for the Year Ended 30November|2021|||
|---|---|---|---|---|
||||2021|2020|
||Unrestricted|Designated|Total|Total|
||funds|funds|funds|funds|
|Total resources expended|159330||159,330|131,446|
|Net income|~788)||~788)|64030|