THE DARTINGTON INTERNATIONAL SUMMER SCHOOL
FOUNDATION
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021
Charity Number: 272163
Company Number: 1265884

The Dartington Internalional Summer School Foundation
Annual report and financial statsments for the year ended 31 October 2021
Contents
Page
Council Members. Offi￿r$ and Professional Advisers
Report of the Council of Management
Independent Examinerfs Report
Statement of Financial Activrties
Balance Sheet
10
Notes to the Financial Statements
11
Th8 followlng page does not forni part of the financial
statements 8ubject to independent examination
Summary Income and Expenditure Account
16

The Dartington Intemational Summer School Foundation
Annual report and financial statements for the year ended 31 October 2021
COUNCIL MEMBERS, OFFICERS AND PROFESSIONAL ADVISERS
Richard Heason (Chaimian)
Christina Coker OBE
Richard Creed
Steve Dummer
Gareth Keene
John Messenger
Leigh O'Hara
Sarah Reid (resigned 6° June 2022)
Susan Sturrock
Andrew Ward
Patricia Williams
Company Secretary
Gareth Keene
Honorary Treasurer
Sarah Reid (reS￿ned 6° June 2022)
Reglstsred Offlc•
Buttemead
Manaton
Newton Abbot
Devon
TQ13 gXG
Bankers
National Westminster Bank PIC
250 Bishopsgate
London
EC2M 4AA
Investment Managers
Rathbone Investment Management Limited
8 Finsbury Circus
London
EC2M 7AZ
Independent Examlner
Trevor James FCA DChA
Dormer Cottage
West Broyle
Chichester
West Sussex
P019 3PR

The Dartington International Summer School Foundation
Annual report and financial ststements for the year ended 31 October 2021
REPORT OF THE COUNCIL OF MANAGEMENT
The Members of the Council of Management. who are the trustees of the charity and also
directors for the purposes of company law, present their Annual Report and Financial
Statements of the chanty for the year ended 31" October 2021.
Legal Status
Dartington Inlemational Summer School Foundation is a company limited by guarantee
registered in England and Wales and govemed under its memorandum and articles of
association. The charity was incorporated on 28 June 1976 as The Music Summer School
{Privatel Limited. Certificates of Incorporation on Change of Name were issued on 18"
August 1987 to Summer Music in Dartington Limited and on 19° Juty 1990 to Dartington
Summer Arts Foundation Limited A fiJrther CertrfKate of Incorporation ¢)n Change of Name
to the present title was issued on 16° March 2005.
Objectlves
The objects of the charity are to promote and organise schemes to provide education for
the benefil of the public in all aspects of music and related arts, including opera, music
theatre, electronic media. music and dance and. in particular, to support and encourage the
Dartington International Summer School, currently presented under ttr￿ name of the
Dartington Music Summer School & Festival. which B an actNIty of The Dartington Hall
Trust, a registered charity.
Activities
In supporting and encouraging Dartington Music Summer School & Festival, the charity
acts as an advocate in areas of artistic influence, patronage and sponsorship and provides
advice on matters of policy and development. but primanly manages and develops an
endowment fund from which to provide specrfic bursaries for partscipants and annual grants
for the Musi¢ Summer School & Festival generally.
On account of the Covid-19 virus pandemic. the Music Summer School & Festival was
cancelled in 2020 and hekl on a reduced scale in 2021 The Foundation's grant to The
Dartington Hall Trusl for 2021 amounted to £13,506.65 (2020.. £11.000)
Fundraising
Fundraising activities on behaff of the Foundation have been delegated to the professional
staff of The Dartington Hall Trust with the Pufpose of securing donations and legacy
pledges in favour of the endowment fund for the Oartington Music Summer School &
Festival managed by the Foundation.
Financial Position
The resutts of the charity are set out in detail in the Financial Slatements. During the year,
the charity achEved a surplus of £46,690 (2020.. surplus £12,377)

Tha Dartington International Surnmer School Foundation
Annual report and financial statem•nts for the year ended 31 October 2021
Reserves
The charity's free reserves are represented by the unrestncted fijnds. which at 31. October
2021 were £311,971 (2020. £270,133), of which £36.26412020. £30.442) were designated
for spectfic purposes by the Council of Management. At the year-end, the restricted funds,
derived from legacies and donations to be used for specific purposes as laid down by the
donors, amounled to £27,8n (2020.. £23,025)
The reserves policy of the charity is to seek to build and maintain a long-tem endowment
fund for the benefit of the Dartington Music Summer School & Festival. The restricted funds
are applied to the provision of specific bursaries, while the Foundation's annual grant is
denved from income and growth on the unrestricted funds
However, free reserves well in excess of the chanty's modest annual administrative costs
are always to be maintained.
Investments
The memorandum of association pemrts the charity to invest in any investments. securities
or property for the benefit of its purposes. restricted onty by law. The investments selection
policy of the charty is the responsibilty of the Council of Management.
The charity maintains an investment portfolio managed on behalf of the Council by
Rathbone Investment Management Limited, with a vTrew to achieving a measure of capital
growth as well as Income. The value of the portfolio excluding cash at the end of the year
was £333,626 (2020.. £221.894) The increase in the value was partly the result of £56,062
investrnent gains and partly the result of the investment of a £50.000 donation in received in
the previous year.
Th8 charty's portfolio investments are held by the custodian trustee, Rathbone Nominees
Limited.
Members, Council Members and Offlcefs
The charity's articles of association provKle that rts membership shall include The
Dartington Hall Trust (or Tts nominee) and at least two persons nominaled by the Council of
Management. All currently serwng members of the Council of Management are members of
the charity. The Dartington Hall Trust is a member in its own right.
The members of the Council of Management who served during the year. all of whom
remain in office. are listed on page 3. The number of members of the Council is current5y
set at a minimum of 3 and a maximum of 20 Council Members are appointed by the
Council of Management and hold office in the first Instan￿ until the next Annual General
Meeting, when they are eligible for reelection Wrth the exception of such cases. one third
of the Council Members is subject to retirement at the AGM by rotation. but those involved
are eligible for re-electson.

The Dartington Intsmational Summer School Foundation
Annual rnport and financial statements for the year ended 31 October 2021
At the forthcoming Annual General Meeting. Christina Coker. Steve Dummer and John
Messenger will retire by rotation. but offer themselves for re*lection.
Gareth Keene acts as Company Secretary and until 6° June 2022 Sarah Reid has acted as
Honorary Treasurer.
Responslbilities of the Council of Management
Company law requires the Council to prepare financial statements for each financial year,
which give a true and fair view of the state of affairs of the charty at the end of the year and
of the Incoming and outgoing resources for the year then ended
In preparing those financial statements, the Council is required to..
select surtable accounting policies and then apply them consistentty:
observe the methcds and principles of the Charities SORP:
make judgements and estimates that are reasonable and prudent.,
state whethef applicable UK Accounting Standards have been foll¢)wed, subject to
any material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis, unless it Is
inappropriate to presume that the charitable cornpany will continue in business.
The Council is responsible for keeping proper records which disclose with reasonable
accuracy at any time the financial position of the charity and enable il to ensure that the
financial statements comply with the Companies Act 2006 The Council is also responsible
for safeguarding the assets of the charity and hence for takin9 reasonable steps for the
prevention and detection of fraud and other irregulanties.
Rl8k Manag•m•nt
The Council of Management has rev￿Wed the major risks of the chanty and concluded that
the primary risk stems from its signfficant relian￿ upon a sustained flow of gifts and
donations. This risk is managed by regular monrtoring of income against grant
commitments and Is reviewed at each meeting of the Council. Other risks are mitigated as
appropriate.
Srnall Company Provisions
This Report has been prepared in accordan￿ wrth the special provisions of Part 1 S of the
Companies Act 2006 relating to small companies
Moreover. in pursuit of the Council of Management's policy to minimize the operating costs
of the chanty, a Special Resolution was passed at an Extraordinary General Meeling held
on 20 March 2014 lo change the charity's articles of associatson with respect to accounts.
in order to take advantage of the exemption under the Acl of a company of its size from any
requirement for an audit las explained In the details ac￿mPanY1ng the Balan￿ Sheet).

The Dartington International Summer School Foundation
Annual report and financial statements for the year ended 31 October 2021
On behalf of the Council of Management
Gareth Keene
Council M•mber
11 July 2022
Registered Office..
Buttemead
Manaton
Newlon Abbot
Devon
TQ13 9XG

The Dartington International Summer School Foundation
Annual report and financial statements for the year ended 31 October 2021
INDEPENDENT EXAMINER'S REPORT
Report to the Members of Dartington Intematsonal Summer School Foundation on the
Accounts for the year ended 31 Oclober 2021 set out on pages 9 to 15
The Foundation's Council of Management is responsible for the preparation of the
Accounts. The Council considers that an audit is not required for this year under Section
144 of the Charities Act 2011 (the 2011 Act). but that an Independent Examination is
needed.
It is my responsibilrty
to examine the Accounts under section 145 of the 2011 Act.,
to follow the procedures laid down in the general Directions given by the Charity
Commission (under section 14515)(b) of the 2011 Act), and
to stste whether partwiar matters have come to my attention.
My examinatson was carr￿1 out In accordance wrth the general DIrect￿n8 given by the
Charty Commission. An examinatjon includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records It 81so includes
consideration of any unusual items or disclosures in the accounts, and seeking
explanations from the Council of Management concerning any such matters. The
procedures undertaken do not provKle all the evidence that would be required in an audit,
and consequently no opinion'is given as to whether the Accounts present a Irue and fairf
view and this report is limited to those matters set out in the ststement below.
In connection with my examination. no matter has come to my attention..
1. which gives me reasonable cause to believe that in any material respect the
requirements.
to keep accounting records in accordan￿ wrth section 130 of the 2011 Act,
and
to prepare accounts which accord with the accounting records and comply
wrth the accounting requirements of the 2011 Act,
have not been met, or
2. to which. in my opinion. attention should be drawn In order to enable a proper
understanding of the Ac£ounts to be reached.
8 July 2022
Trevor James FCA DChA
Dormer Cottage
West Broyle
Chichester
West Sussex
P019 3PR

The Dartington International Summer School Foundation
Annual report and financial statements for the year ended 31 October 2021
ST
MENT OF
NCIAL ACTIVITIE
Unrestricted
funds
Restncted
funds
2021
Total
funds
2021
Total
fvnds
2021
2020
Note
Income from".
Donations and legarj'es
Investments
1.385
5.263
1,385
5.712
50,835
6,543
449
Total
449
7,097
57,378
Expendltur• on:
Charrtable activities
Olher
13.507
2.962
13,507
2,962
11,000
2.638
Total
16.469
16.469
Net gainslllossesl on
investments
51,659
4,403
56,062
{31,363}
Net Incomdl•xyndl￿y?>
41,838
4.852
46,690
12.377
Transfers betrffjen funds
N•t mov•m•nt in fund•
41.838
46,690
12.377
Reconclliallon of funds:
Total funds brought foTh¥ard
270.133
23.025
293,158
280,780
Total funds carrled forward
311,971
27,877
339,848
293 158
The Statement of Financial Activities indLtde$ all gairvJ and It)sses in the year and iherefore a
statement of totsl reccgnised gains and losses has not t*en prepared. Ail of the above amounts
relate lo continuing activiti8S.

10
The Dartington International Summer School Foundation
Annual report and financial ststements for the year ended 31 October 2021
BALANCE SHEET
2021
2020
Note
Curront assets:
Debtors
Investments
Cash at bank and in hand
Total cuff8nt assets
500
333,626
19.509
353.635
500
221,894
81,904
304,298
Llabllltl68:
Amounts falling due wtlhin one year
Net cuffent assets
339,848
293.158
Total net aM•ts
339.848
293,158
Tho fund8 ofthe ¢hartty:
Restricted funds
Unrestricted funds
Total charfty fund8
27.877
311.971
339.848
23,025
270,133
293.158
10
For the financial year in question, the company was entitlecl to exemption from audit under
sects'on 477 of the coMpan￿5'Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in
question in accordance with Section 476 of the Companies Act 2006.
The director8 acknowledge tfreir responsibilthes for complying with the requirements of the
Act wth respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance wrth the provisions applicable to
companies subject to the small companies. regime.
These financlal ststements were approved by the Council of Management on the
2022 a
d are signed on their behalf by..
Il July
Richard Heason
Council Member and Chair
Company Registrats'on Number.. 1265884
The r¢otes on pag8s 11 to 15 form part ofthese finan¢Jal statements

11
The Dartington International Summer School Foundation
Annual report and financial statsments for the year ended 31 October 2021
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
Basis of accounting
These financial stalements have been prepared in compliance with A¢¢ounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their financial statements in accordance wrth the Financial Reporting Standard
applicable in the UK and Republtc of Ireland (FRS102) (effective 1 January 2015)
(Charities SORP (FRS102}), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) and the Companies Act 2006.
The financial staternents have been prepared on a going concern basis and on the
historical cost basis, except for the measurement of investments at fair value with
movements in value reported within the Statement of Financial Activities (SOFA) Trustees
have a reasonable expectabon that the Coronavirus pandemic will not materially affect
future funding
Cash flow statsment
The Council of Management has taken advantage of the exemption in Financial Reporting
Standard No 1 (revised) from including a cash how statement In the financial ststements on
the grounds that the charty is small
Incom• recognltlon .
All income Is recognised once the Foundation has entitlement to the income, the economic
benefit is probable and the amount can be reliably measured.
Expendlture
Expenditure is accounted for on an accruals basis. Grants payable are recognised as
expenditure when the commitment Is entered into.
Investments
Prices for quoted secunties are mid-market closing pnces provided by the London Stock
exchange (or any olhef equivalent investment exchanges where relevant). Unit Trusts and
Collective Investm8nts show mid-market prices at the lagt valuation point prior to Ihe period
end Prices for unquoted and illiquid secunties have been obtained from sour￿$ Our
Investment managers believe to be Independent. INhere The Council of Management has
been ur4abkq to obtain a fair market price or there is no market, fair or otherwise, a nominal
price as £0.0001 has been used.

12
The Dartington Intsrnational Summer School Foundation
Annual report and financial statements for thè year ended 31 October 2021
NOTES TO THE FINANCIAL STATEMENTS
Cash and cash equivalent8
Cash and cash equivajents indude cash at bank and in hand.
Fund accounting
Unrestricted general funds are available for use al the discretion of the Council of
Management in the furtherance of the general objectives of the charity and which have not
been designated for other purposes.
Unrestricted designated funds are funds nng-fenod for a particular purpose by the Council
of Management.
Restricted funds are funds which afe to be used for specffied purposes as said down by the
donor
2. VOLUNTARY INCOME
Unrestricted
funds
Restricted
funds
2021
Total
funds
2021
Total
funds
2020
2021
Donallon• and legacl
Donations
1,385
1,385
1.385
50.835
3. INVESTMENT INCOME
Unreslncted
funds
Restncted
fvnds
2021
Total
funds
2021
Total
funds
2020
2021
Bank Interest & dividends
receivable
5.263
449
5.712
6,543

13
The Dartington International Summer School Foundation
Annual report and flnanclal statements for the year ended 31 October 2021
NOTES TO THE FINANCIAL STATEIAENTS
4. EXPENDITURE
Un￿stnCled Restncted
funds
fvnds
Total
funds
2021
Total
funds
2021
2021
2020
Charltsble expenditure:
Grant for bursaries
Summer School general support
Other èxpenditure:
Administration costs
Independent Examination fee
Trustee expenses
Investment managemem fees
13.507
13.507
11.000
173
150
173
150
314
140
23
2,161
13,838
2639
16.469
16.469
5. STAFF COSTS AND EMOLUMENTS
No salaries or wages have been paid to employees. including the Council of Management
during the year {2020.' £nil).
No rnember of the Council of Management received reimbursement of expenses during the
year totslling (2020.. one member £23).
6. INVESTMENTS
2021
2020
At beginning of year
Additions
Disposals
In¢￿aSe/(deCrea9Ql in value
221.894
69,918
{14.248)
56.062
333,626
274,058
628
{21,4301
31,363
221.894

14
The Dartington International Summèr School Foundation
Annual report and financial ststsments for the year ended 31 October 2021
NOTES TO THE FINANCIAL STATEMENTS
7. DEBTORS: Amounts due within one year
2021
2Q20
Grft aid re￿1vable
500
500
500
500
8. CREDITORS: Amounts falling duè within one year
2021
2020
Grant payable to Dartington Hall Trust
Independent examlnation fee
Independent examinerfs lee for
other s&rvic•s
13,507
150
11,000
140
130
13787
11.140
9. RESTRICTED FUNDS
Transfers
Balance at Incorning Rgsourcos
Itollftom
Gai
1Nov20
resourcos expended goneral fun(Is (loss¢sl
8alan¢e 81
31 Oct21
Dénis de RougerTr)nt pnze
Helpers for the disabled
Esther Salaman Bursary
Dorothy Elmhirst Trust
Richard Gardner
S283
2.599
11.138
1,836
2.169
103
51
217
1.010
497
2.130
351
415
6.398
3.147
13.485
2.223
2.626
42
23.025
449
4403
27,877
Restncted funds are funds which are to be used for specffied purwses as laid down by the
donor, as follows.
Oenis de Rougemont prize - To fund the writing of a history of the Summer School.
Helpers for the disabled - To enab5e disabled participants to attend the Summer School.
Esther Salaman - To fund provision of the Esther Salaman Bursary.
Dorothy Elmhirsl Trust- To fvjnd the writsng of a history of the Summer School.
Richard Gardner- To fund a bursary for a piano techniaan.

15
The Dartington Intemational Summer School Foundation
Annual report and financial ststements for the year ondad 31 October 2021
NOTES TO THE FINANCIAL STATEMENTS
10. UNRESTRICTED FUNDS
Translers
Itollfrom
Resources general
expended fiJnds
BalaTrce ai
In￿rnIng
l Nov 20 resources
Gain
Ilossosl
Balance al
31 Oc121
Joanna McGwor fvnd
Gavin Henderson
scholarship fvnd
General thJnd¥
13.328
2,$49
15,877
17 114
239.691
270.133
3,273
45,837
51.659
20,387
275.707
311,971
1e.469
16,469
11. RELATED PARTY TRANSACTIONS
The Foundation received donations totalling £600 from one trustee (2020: tr￿0 trustees
£50.050)
The 2019120 grant payable to Dartington Hall Trust for £11,000 was paid out during
2020121. In creditors is £13,507 relating to the 2020121 grant payable to Dartington Hall
Trust.
12. COMPANY LIMITED BY GUARANTEE
The company is limited by guarantee. No part of this guarantee. which totsls £50 (2020..
£50) has been called up.
13. CORONAVIRUS PANDEMIC
At the time of signing these accounts it is clear that the pandemic has continued to have an
impact on both the Foundation and The Dartington Hall Trust Against this back¢loth the
Members of Council of Management will continue to review the Foundation's operations
and activities to ensure that rt fuffils its charttable objects.

THE DARTINGTON INTERNATIONAL SUMMER SCHOOL FOUNDATION
COMPANY LIMITED BY GUARANTEE
MANAGEMENT INFORMATION
YEAR ENDED 31 OCTOBER 2021
The following page does not fomi part of the statutory financial ststements which are the
subject of the independent examiner's report on page 8.

THE DARTINGTON INTERNATIONAL SUMMER SCHOOL FOUNDATION
COMPANY LIMITED BY GUARANTEE
MANAGEMENT INFORMATION
YEAR ENDED 31 OCTOBER 2021
SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDING 31
OCTOBER 2021
2021
2020
Income
Donations and legacies
Interest and investrnent income
Gains on investments
Gross Incorn• In the r•portlng porlod
1,385
5,712
56 CE2
50,835
6,$43
Exp•ndlture
Bursaries & grants
Office costs
Trustee 8xpen8èS
Losses on Investments
Total oxp•ndlture In the reporting priod
13,507
2.962
11,000
2,615
23
31,363
16,469
Net incoma (expenditure) before tax for the reporting yéar
Tax payable
Net Incs)me (expenditure) for th• financial year
46,690
12,377
46,890
12,377