2020-10-31-accounts

		Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	8
Statement ofFinancial Activ(ties
Statement ofFinancial Position		10
Statement ofCash Flows
Notes to the Statement ofCash Flows		l2
Notes to the Financial Statements	i3	to	2I

Felicity Gooiley CBEChainuan
Christopher Fiy (resigned 31.3.20)
Julian Glover OBE
Emily Gottlieb
Stuart Lester
Louise Potter
Mark Sutherland
Annie Lydford

	for the Y	ear Ends r	020
			31.10.20	31.10.19
			Unrestricted	Total
			fund	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			766,182	786,880
Other trading activities			37,191	855,077
iuvesunent income			53	71
Total			803,426	1,642,028
EXPENDITURE ON
Raising funds			197,563	1,144,476
Charitable activities
Marketing costs			66,889	82,365
Festival administmtion			166,253	377,225
Total			430,705	1,604,066
NKT INCOME			372,721	37,962
RECONCILIATION	OFFUNDS
Total funds brought forward			(48,251)	(86,213)
TOTAL FUNDS CARRIED FORWARD			324,470	(48,251)

	Statement	Statement	ofFin	nci	IP	ition
		3~22	t 0	20
							31.10.20	31.10.19
							Unrestricted	Total
							fund	funds
		Notes
FIXEDASSETS
Tangible assets		11					156,574	153,545
Investments		12					1	I
							156,575	153,546
CURRENT ASSETS
Debtors		13					9,990	168,136
Cash at bank and in hand							301,125	10,482
							311,115	178,618
CREDITORS
Amounts falling due within one year		14					(71,307)	(284,090)
NET CURRENT ASSETS							239,808	(105,472)
TOTAL ASSETSLESSCURRENT
LIABILITIES							396,383	48,074
CREDITORS
Amounts falling due aller more than one	year	15					(71,913)	(96,325)
NET ASSETS/(LIABILITIES)							324,470	(48,251)
FUNDS		17
Umestricted funds							324,4711	(48,251)
TOTAL FUNDS							324,470	(48,251)

				Ilus i n Art P	es	fl	ILimite	d
				tatmn	f		hBo
				nded		1	o	20
									31.10.20	3I.IO I9
				Notes
Cash flows from operating		activiiies
Cash generated from operations									2il4,365	54,626
Interest paid									(1,334)	(456)
Net cash provided by operating			activities						203,031	54,170
Cash flows from investing		activities
Purchase oftangible fixed assets									(5,454)	(2,248)
Interest received									53	71
Net cash used in investing	activities								(5,401)	(2,177)
Cash flows from tlnancing		activities
Intercompany loan increase									93,013	(11,648)
Net cash provided by/(used		in)	financing	activities					93,013	(11,648)
Change in cash and cash		equivalents		in
the reporting period									290,643	40,345
Cash and cash equivalents		at	the
beginning ofthe reporting		period							10,482	(29,863)
Cash and cash equivalents		at	the end	of
the reporting period									301,125	10,482

			N tc ( heS emen ofC h for the Ye tobe r20	N tc ( heS emen ofC h for the Ye tobe r20
RECONCILIATION			OFNET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
					31.10.20	3i.10.19
						f.
Net income	for the	reporting		period (asper the Statement ofFinancial
Activities)					372,721	37,962
Adjustmenis	fur:
Depreciation	charges				2,425	2,921
Interest received					(53)	(71)
Interest paid					1,334	456
Decrease/(increase)		in	debtors		65,133	(42,833)
(Decrease)/incrcase		in	creditors		(237,195)	56,191
Net sash provided		by	operations		204,365	54,626
ANALYSIS	OF CHANGES IN NET FUNDS
				At I.I1.19	Cash flow	At31.10.2U
					K
Net cash
Cash at bank	and in	hand		10,482	290,643	301,125
				IU,482	290)643	301,125
Total				10,482	290,643	301,125

			31.1U.20	31.10.19
		Public Sector	Total	Total
	Donations	Grants	Activities	Acuvities
	0	f.
Various Trusts and Foundations	47)800		47,800	126,275
Appeal 40	1,082		1,082	2,207
Gill Aid	33,816		33,816	8,588
Sundty donations etc.	214,608		214)609	60,213
Friends ofBuxton Festival	110,001)		II0,UUU	132,385
Buxton Festival Foundation	1,428		1,428	105,701
Buxton Festival Productions I.imited	40,761		40,761	105,000
Outreach				4,472
Orch estres Live	2,000		2,000	10,I30
Tap to Give				2,393
Arts Council England		276,914	276,914	120,000
High Peak Borough Council		25,000	25,000	45,000
Derbyshire County Couucil		6,723	6,723	5,723
	451,495	30i8,637	760,133	728,087

									31.1II.20	3I,IO.I9
	Festival	income							2/38	855,077
	Job retention scheme								34,853
									37,191	855,077
4.	INVESTMENT INCOME
									31.10.20	31.I0.19
										6
	Deposit	account interest							53	71
5.	RAISING		FUNDS
	Raising	donations		and	legacies
									31.10.20	31.10.19
									6
	Festival	costs							3,ll63	241,650
	Production		commission		fee				194,500	902,826
									197&563	I, I44,47ti
6.	CHARITABLE ACTIVITIES					COSTS
										Support.
										costs (scc
										note 7)
	Marketing		costs							66,889
	I'estival	administration								166,253
										233,142
7.	SUPPORT COSTS
									Governance
						Management	Finance	Other	costs	Totals
							I	5	6
	Marketing		costs			41,539		25350		66,889
	Festival	administration				157,417	3,836		5,000	166&253
						198,956	3,836	25350	5,000	233,142

Support costs, i	ncluded	in the above, are as follo	ws:
					31.10.20	31.10.19
			Marketing	Festival	Total	Total
			costs	administration	activities	activities
			f			f
Wages			27,067	1II3,871	130,938	209,071
Social security			2,523	6,773	9,296	22,748
Pensions			812	4,587	5,399	9,847
Rates and managetnent		charges				1,472
ITmaintenance	etc.			2,043	2,043	6,994
Light and heat						1,781
Telephone and fax				380	380	2)269
Postage and stationery				801	801	4,182
Sundries				10,129	10,129	5,114
Recruitment expenses				364	364
Contractor t'ees			11,137	23,565	34,702	79,417
Stafftravelling				2,479	2,479	19,050
Depreciation oftangible		and heritage assets		2,425	2,425	2,921
Bank charges				2,502	2,502	3,585
Interest payable	and similar charges			1,334	1)334	456
Mmketing			25,350		25,350	82,365
Auditors' remuneration				5,000	5,0UO	5,400
Accountancy and legal		fees				2,918
			66,889	166,253	233)142	459,590

	31.10.2U	31.10.19
	8
Auditors' remuneration	5,000	5,400
Depreciation - owned assets	2,425	2,921
Staffcosts (note 10)	145,634	24l,66Ci

STAFF COSTS
					31.10.20	31.10.I9
Wages and salaries					130,938	209,071
Social security costs					9,296	22,748
Other pension costs					5,399	9,847
					145,633	241,666
The average mouthly	uumber ofemployees		during the year was	as follows;
					31.10.20	31.10.19
Full time equivalent	-admiuistrative				4	7
The number ofemployees		whose eniployee	benefits (excluding	employer pension	costs) exceeded	660,000was;
					31.10,20	31.10.19
660,001 - f70,000					I

TANGIBLE F	IXEDASSETS
		Long	Office
		leasehold	Equipment	Totals
COST
At IstNovember20I9		196,436	56,838	253,274
Additions			5,454	5,454
Disposals			(13,137)	(13,137)
At 31stOctober	2020	196&436	49)155	245,591
DEPRECIATION
At 1stNovember	2019	46,436	53,293	99,729
Charge foryear			2,425	2,425
Eliminated on disposal			(13,137)	(13,137)
At 31stOctober	2020	46,436	42,581	89,017
NET BOOK VALUE
At 31stOctober	2020	150,UUU	6,574	156,574
At 31stOctober	2019	I50,000	3,545	153,545

DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE	YEAR
		31.10.20	31.10.19
Tmde debtors		3,549	7,160
Amounts owed by group undertakings		2,105	95,118
Other debtors		515	58,122
VAT		150
Prepayments	and accrued income	3,671	7,736
		9,990	168,136

14.	CREDITORS	: AMOUNTS FALLING DUE WITHIN ONE VKAR
			31.111.20	31.10.19
			0
	Trade creditors		510	48,113
	Social security	and other taxes	S&403	2,775
	VAT			1,085
	Other creditors		37,661	48,640
	Directors' loans			6,000
	Buxton Festival Foundation			105,000
	Other loans		17,412	61„9l2
	Accrued expenses		10,321	10,565
			71,307	284,090
15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			31.10.20	31.10.19
				f
	Other loans		71,913	89,325
	Directors' loans			7,000
			71,913	96,325
16.	SECURED DEBTS
	The following	secured debts are included within creditors:
			31.10.20	31.10.19
	Other loans		89+25	106,137

					31.10.20	31.10.19
Other loans					89+25	106,137
The amount	in	other loans is secured by a charge over the company's		leasehold property,
MOVEMENT		IN FUNDS
					Net
				At	movement	At
				1,11.19	in 1'unds	31.10.20
						I
Unrestricted	funds
Gene&ral fund				(48,251)	372,721	3240470
TOTAL FUNDS				(481251)	372&721	324,470
Net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				6		6
Unrestricted	funds
General fund				803,426	(430,705)	372,721
TOTAL FUNDS				803,426	(430,705)	372 721

						Wet
					At	movement	At
					1.11.18	in funds	31.10.19
						f.
Unrestricted	funds
General fund					(86,213)	37,962	('48,251)
TOTAL FUNDS					(86,213)	37,962	(48,251)
Comparative	net movement		in 1'unds, included	in the above are as fogows:
					Incoming	Resources	Movement
					resources	expended	in funds
					f.
Unrestricted	funds
General fund					1,642,028	(1,604,066)	37,962
TOTAL FUNDS					1,642,028	(1,604,066)	37,962
A current year 12mouths		and prior year 12months			combined position is as follows:
						Net
					At.	movement	Ar
					1.11.18	in funds	31.10.20
Unrestricted	funds
General fund					(86,213)	4 I0,683	324,470
TOTAL FUNDS					(86,213)	410,683	324,470

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		2,445,454	(2,034,771)	410,683
TOTAL FUNDS		2,445,454	(2,034,771)	410,683