##
|||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|
##
##
##
##
##
##
##