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|R€turoncoandadministrative detsiBof thocharity,its tru3tees andadvissrs|1-2|
|Trultoor'rcport|3-7|
|Trustees'responaibilities statement|8|
|lndepondontexamino/s r€porl|9-10|
|Statom€nt offinancial activities|11|
|Balancosheet|12|
|Notosto thofinancialstatements||
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|||||As restated|
|---|---|---|---|---|
||Unrcsticted||Total|Total|
|||funds|funds|funds|
||Nolo|2024
e|2024
e|2023
f.|
|lncomefrom:|||||
|Donalions andlegacies|2|187,815|187,815|83,728|
|Charitable activities (lncome from events, including corporate
sponsorship)
lnvestments|3
4|119,439
3,183|'fi9,439
3,183|148,882
1,602|
|Total incomo||310,437|310,437234,212||
|Expondituro on:|||||
|Charitable activities:|||||
|Coslofevents||164,646|r64,646|175,181|
|Advertising andpublicityofevents
Feslival administration andgovernance||18,229
146,805|18,229
146,805|16,187
127,107|
|Total expenditure|5|329,680|329,680318,475||
|Netoxpenditur€ beforeinvestnontgaing
Netgainson investrnents|14|119,2431
17,858|(19,243)
17,858|(84,263)
4,361|
|l{et axpenditur6 befors otherrocognisod gains and
losses||(r,385)|(1,385)|(79.e02)|
|Nstmovsmentinfunds||(1,38s)|(1,38s)|(79,902)|
|Reconciliationoffunds:
Totalfunds broughtfoMard||175,817|175,817255,719||
|||174,432|174,432175.817||
|Totalfundscarriedforward|||||
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||||||Asrestaled|
|---|---|---|---|---|---|
||Not6|e|2024
e||2023t|
|Fixedassets||||||
|lnveslments|14||170,883||150,871|
|Curr€nt assets||||||
|Debtors||36,755||48,763||
|Cashatbank and inhand||18,372||40,472||
|||55,127||89,235||
|CreditoE:amounts fallingduewithinone||||||
|year||(sr,5781||(64,289)||
|l{et current assets|||3,549||24,946|
|Netassets|||'174,432||175,817|
|Charlty Funds||||||
|Restricted funds|17|||||
|Unrestricled funds|17||174,432||175,817|
|Totaltunds|||174,432||175,817|
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|lncome fromdonatioN8nd legacies|||||
|---|---|---|---|---|
||||4s|reslated|
||U|nrestrictod|Total|Total|
|||funds|funds|funds|
|||2024|2024|2023|
|||e|E|f|
|Donations from trusts and foundations
Corporate donations||59,500
11,000|59,500
1,t,000|15,404|
|Donationsftomindividuals||1l't,3't5|t't1,315|65836|
|Legacies||6,000|6,000||
|Grants-PublicBodies||||2,488|
|Total donations and legacies||'187,815|187,81s|83,728|
|Total2023||83,728|
83,728||
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|lncome from charitabloactivities||||
|---|---|---|---|
||||As rBstated|
||unre3t icted|Total|Total|
||funds|funds|funds|
||2024f|2024
e|2023t|
|Ticket sales andeventfood
Corporate sponsors and advertising|82,439
37,000|82,439
37,000|
111,726
37,156|
||119,439|119,439|
148,882|
|Total2023|148,882|148,882||
|lnvestnentincome||||
|---|---|---|---|
||||As restated|
||Unresticted|Total|Total|
||funds|funds|funds|
||2024
e|2024t|2023
E|
|lnvestment income-local listed investments|2,154|2,154||
|Bank interest receivable|1,029|1,029|1,602|
||3,183|3,183|1,602|
|Total2023|1,602|1,602||
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|AnalysisofExpenditur€ by expenditur€ ty|po|||
|---|---|---|---|
||Other costa|Total|Total|
||2024|2024|2023|
||€|E|E|
|Directcosts|324,866|324,866|309,432|
|lnterestpayable|1,714|1,714||
|Charitabl6 actiYitios|326,580|326,580|309,432|
|Expenditure ongovernance|3,100|3,100|9,043|
||329,680|329,580|318,475|
|Total2023|318,475|318,475||
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||||As,P-stated|
|---|---|---|---|
||Unrsstictd|Totel|Total|
||funds|tunds|funds|
||2024
E|2024
€|2023f|
|Direct costs|324,866|324,866|309,432|
|lnterest payable|1,714|1,714||
||326,580|326,580309,432||
|Total2023|318,475|318,475||
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|Directcosts||||
|---|---|---|---|
|||Total|Total|
||Direclcosts|2024|2023|
||g|E|E|
|Costofevents|'t62,610|162,6't0|171,627|
|Advertising|18,229|18,229|16,187|
|Other costs|8,'t98|8,198|7,722|
|Accountingsofrvrare|346|346|342|
|Administration fee|12t,000|{21,000|110,000|
|lrrecoverable VAT|12,47|12,447||
|Box office commission|2,036|2,036|3,554|
||324,866|324,866|309,432|
|Total2023|309,432|309,432||
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|Supportcosts|||||
|---|---|---|---|---|
||||Total|Total|
||Governance
s|Other
e|2024
e|2023f|
|lndependent examiners'iees|1,300||r,300|3,465|
|Accountancy andlegaliees||||4,943|
|lndependent examiners' ieesfor|||||
|other services|'t,800||1,800|635|
|lnterest payable||'t,714|1,714||
||3,'t00|1,714|4,814|9,043|
|Total2023|9,043||9,043||
|||As resrated|
|---|---|---|
|Unrestdcted|Total|Total|
|funds|funds|funds|
|2024|2024|2023|
|e|e|E|
|3,100|3,100|9,043|
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||2024I|2023f|
|---|---|---|
|lndependent examiners' fees|1,300|3,465|
|lndependentexaminers'fee iorother services|1,800|635|
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|Tangiblollxeda$ets||
|---|---|
||Office|
||equipmont|
||E|
|Cost||
|At1December 2023 and 30 Noyember 2024|1,009|
|D.pr€ciation||
|At1December 2023 and 30 November 2024|1,009|
|Netbook value||
|At 30 November 2024||
|At 30 November 2023||
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|Fixed asset invssEnents|||
|---|---|---|
|||List€d|
|||securities|
|||€|
|Market value|||
|At1December 2023||150,871|
|Additions||2,1|
|Revaluations||17,858|
|At 30 November 2024||170,883|
|lnvestments at market value compdse:|||
|||2023|
||2024
€|Asrssaalodf|
|Listed investments|170,883|150,871|
|All lhe fixed asset investments are heldintheUK|||
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|DsbtoE|||
|---|---|---|
||2024|2023|
||€|L|
|Trade debtors|964|20,122|
|GiffAid claim|15,889
19,902|16,146
12,495|
||36,755|48,763|
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|CroditoB:Amountsfallingduswithinoneye|ar||
|---|---|---|
||2021|2023|
||e|e|
|Trade creditors
Other creditors
Accrued expenses|4,578
1,850
5,150|60,189
4,100|
||51,578|64,289|
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|Statement offunds-cuF|entY6ar|||||||
|---|---|---|---|---|---|---|---|
||||||||Balanceat|
||Balanceat||||||30|
||IDgcember
2023
E|lncomeExPenditutE
EE||Transfels
in/out
s|Gains/
(Losses)t||Novembsr
2024
E|
|Designatsdfunds||||||||
|Young Musician fund||10,000|||||10,000|
|Festival Foundation
reserve|175,817|||(195,829)||20,012||
||'t75,817|10,000||(195,E29)||20,01210,000||
|Generalfunds||||||||
|GeneralFunds - allfunds||300,437|(329,680)195,829|||12,1il1164,432||
|Total Unrestrictedfunds|175,a17|310,437|(329,680)|||17,858174,432||
|Totaloffunds|175,817|310,437|(329,680)|||17,858174,432||
|Statement offunds-prior year||||||||
||||||||Balanceat|
||Balanceat||||||30|
||1December|||Transfers||Gains/|Novembet|
||2022
E|lncomeExpenditure
tt||in/out|(losses)
f||2023|
|D€signatadfunds||||||||
|Festival Foundation||||||||
|reserve|227,321|||(55,865)||4,361|
175,817|
|Generalfunds||||||||
|GeneralFunds-alltunds|28,398|2U,212|(318,475)s5,865|||||
|Total Unrestricted tunds|255,719|2U,212|(318,475)|||4,361|
175,817|
|Totaloffunds|255,719|,*,r,|(318,475)|||4,361|
175,817|
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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at|||||30|
||1Docember|||Transfers|Gains/|November|
||2023
€|lncomoExpenditurc
te||inroutt|(Lossss)
E|2024
e|
|Designated tunds|175,817|10,000||(195,829)|20,012|10,000|
|Generalfunds||300,437|(329,680)|'t95,829|(2,'ts1l|164,432|
||175,817|310,437|(329,680)||17,858174,432||
|Summary oftunds-prioryear|||||||
|||||||Balanceat|
||Balanceat|||||30|
||1December|||Iransfers|Gains/|November|
||2022
E|lncomeExpenditurc
2
f||in/out
E|(Losses)
f|2023
2|
|Designated tunds
Generalfunds|227,321
28,398|234,212|(318,475)|(s5,865)
55,865|4,361|
175,817|
||255,719|234,212|(318,475)||4,361|
175,817|
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|Analysisofnetassets betweonfunds-currenlyeaa|||
|---|---|---|
||Unresticted|Total|
||fundg|funds|
||2024|2024|
||€|0|
|Fixedasset investments
Curentassets
Credilorsduewilhin one year|170,883
55,127
(s1,s78)|170,883
55,'127
(s,r,s78)|
||174,132|174,432|
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