2021-10-31-accounts

CONTENTS
	Page
Company Information	3
Trustees' report	4−9
Statement of Trustees' responsibilities	10
Independent auditor's report	11−13
Statement of financial activities	14
Balance sheet	15−16
Statement of cash flows	17
Notes to the financial statements	18−29

				Unrestricted	Restricted	Total	Total
			Note	Funds	Funds	Funds	Funds
				2021	2021	2021	2020
		Income and endowments from:
		Donations and grants	3	429,725	82,700	512,425	760,132
		Charitable activities	4	544,535	−	544,535	59,526
		Investments	5	24		24	53
		Total income and endowments		974,284	82,700	1,056,984	819,711
	,
		Expenditure on:
		Expenditure relating to charitable activities		(995,451)	(44,212)	(1,039,663)	(446,924)
		Total expenditure
		Net (outgoing)/incoming resources before		(21,167)	38,488	17,321	372,787
		Corporation tax current year					(13)
						−	372,774
		Net (expenditure)/income for the year!
		Net movement in funds		(21,167)	38,488	17,321	372,774
		Fund balances at 1 November 2020		324,776		24,776	(47,998)
		Prior year adjustment for restricted funds		(19,150)	19,150
•		Fund balances at 31 October 2021		284,459	57,638	342,097	324,776

					2021			2020
		Note
Fixed assets
Tangible assets		11			163,324			156,574
Investments		12
					163,324			156,574
Currentassets	−
Stock		13.		1,103
Debtors Cash at bank and	in hand	14	. •• 86,518 . 228,982 •				34,808 301,126
			316,603			0	335,934
Creditors: amounts falling due within one year		16	(83,929)				(95,819)
Net current assets					232,674			240,115
Total assets less	current liabilities				395,998			396,689
Creditors: amounts falling due after more than
one year		17			(53,901)			(71,913)
Net assets					342,097			324,776
•
Income funds
Restricted funds		18			57,638
Unrestricted funds					284,459			324,776
					342,097			324,776

				2021		2020
			•
	Note
Fixed assets
Tangible assets	11			163,324		156,574
Investments	12			1		1
				163,325		156,575
Current assets
Stock	13	1,103
Debtors	14	69,295			9,990
Cash at bank and in hand		228,806			301,125
		299,204			311,115
Creditors: amounts falling due within one year	16	(66,837)			(71,307)
Net current assets				232,367		239,808
Total assets less current liabilities				395,692		396,383
Creditors: amounts falling due after more than
one year '	17			(53,901)		(71,913)
Net assets				341,791		324,470
Income funds
Restricted funds	18			57,638
Unrestricted funds				284,153		324,470
				341,791		324,470

			2021				2020
	Notes
	Cash flows from operating activities
•	Cash (absorbed by)/generated from operations	22			(45,118)			368,811
	Income taxes paid							(12)
	Investing activities
	Purchase of tangible fixed assets		(9,038)				(5,454)
	Interest received		24				53
	Net cash used in Investing activities				(9,014)	•		(5,401)
	Financing activities
	Repayment of directors' loans						(13,000)
	Repayment of other loans		(18,012)	•			(61,912)
	Net cash used in financing activities				(18,012)			(74,912)
	Net (decrease)/increase in cash and cash
	equivalents				(72,144)			288,486
	Cash and cash equivalents at beginning of year				301,126			12,640
	Cash and cash equivalents at end of year				228,982		•	301,126

		Unrestricted	Restricted		Total	Unrestricted
		funds	funds			funds
		2021	2021		2021	2020
			C
	Donations and gifts	208,644	19,450		228,094	451,495
	Legacies receivable		53,750		53,750
	Public sector grants	221,081	3,000		224,081	308,637
	Membership fees		6,500		6,500
		429,725	82,700		512,425	760,132
	Donations and gifts
•	Various Trusts and Foundations		53,750		53,750	47,800
	Appeal 40					1,082
	Gift Aid	9,740			9,740	33,816
	Sundry Donations	53,222	19,450		72,672	214,608
	Friends of Buxton International Festival	95,000			95,000	110,000
	Buxton Festival Foundation	372			372	1,428
	Buxton Festival Productions Limited	48,799			48,799	40,761
	Orchestras Live					2,000
	Outreach	1,511			1,511
	Membership fees		6,500		6,500
		208,644	79,700		288,44	451,495
	Grants receivable for core activities
	Arts Council England	167,397		•167,397		276,914
	High Peak Borough Council	40,000			40,000	25,000
	•Derbyshire County Council	5,723			5,723	6,723
	ERDF		3,000		3,000
	Orchestras live	7,961			7,961
		221,081	3,000		224,081	308,637

		Sponsorship	Job	Festival	Total	**Sponsorship **	**Job **	retention	Festival	Total
		&	retention	income	2021	& advertising		scheme	income	2020
		advertising	scheme
		2021	2021	2021		2020		2020	2020
Other	income	• . 23,508	.10,006	511,021	5.44,535	6,050	.	51,138	•2,338	59,526

		**Unrestricted **	Unrestricted
		funds	funds
		2021	2020
Interest	receivable	24	53

		Group	Charity	Group	Charity
		2021	2021	2020	2020
				£
Support costs and	(see note 7)
governance costs		360,572	360,572	233,142	233,142
•Festival costs		679,091	123,748	213,782	3,063
Production commission fee			545,337		194,500
		1,039,663	1,029,657	446,924	430,705
		1,039,663	1,029,657	446,924.	430,705
Analysis by fund
Unrestricted funds		995,451	985,445	446,924	430,705
Restricted funds		44,212	44,212
		1,039,663	1,029,657	446,924	430,705

Support costs
	Support Governance		2021	**Support **	Governance	2020
	costs	costs		costs	costs
Staff costs	207,229		207,229	145,632		145,632
Depreciation	2,288		2,288	2,425		2,425
Contractors fees	37,168		37,168	34,703		34,703
Marketing costs	74,498		74,498	25,350		25,350
IT maintenance	9,122		9,122	2,043		2,043
Telephone	2,431		2,431	380		380
Rates	2,132		2,132	..
Staff travelling	5,754		5,754	2,479		2,479
Postage & stationery	3,942	−	3,942	801		801
Sundries	8,050		8,050	10,129		10,129
Auditors fees'		5,538	5,538		5,000	5,000
Recruitment expenses				364	−	364
Interest payable	793		793	1,334		1,334
Bank charges	1,627		1,627	2,502		2,502
	355,034	5,538	360,572	228,142	5,000	233,142
Net movement in funds					2021	2020
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the		audit of the company's		financial
statements					5,538	5,000
Depreciation of owned tangible fixed assets					2,288	2,425

		2021	2020
		Number	Number
Full−time	equivalent−Admin	5	4

	Employment costs		2021	2020
	Wages and salaries		188,590	124,844
	Social security costs		13,245	15,389
	Other pension costs		5,394	5,399
			207,229	145,632
	The number of employees whose annual remuneration was £60,000 or more
	were:
			2021	2020
			Number	Number
			1	1
11	Tangible fixed assets (Charity& Group)
		Leasehold	Computers &	Total
		land and	equipment
		buildings
	Cost or valuation
	At 1 November 2020	196,436	49,155	245,591
	Additions		9,038	9,038
	Disposals		(35,604)	(35,604)
	At 31 October 2021	196,436	22,589	219,025
	Depreciation and impairment
	At 1 November 2020	46,436	42,581	89,017
	Depreciation charged in the year	−	2,288	2,288
	Eliminated in respect of disposals		(35,604)	(35,604)
	At 31 October 2021	46,436	9,265	55,701
	Carrying amount
	At 31 October 2021	150,000	13,324	163,324
	At 31 October 2020	150,000	6,574	156,574
				•=11.1.•=1.

				Other
				investments
				Charity
	Cost or valuation
	At 1 November 2020 & 31 October 2021
	Carrying amount
	At 31 October 2021
	At 31 October 2020			1
			2021	2020
			Charity	Charity
	Other investments comprise:	Notes
	Investments in subsidiaries	21
13	Stocks
			2021	2020
			Charity	Charity
	Finished goods and goods for resale		1,103

	Group	Charity	Group	Charity
	2021	2021	2020	2020
	£	£	£	£
Trade debtors	5,572	5,572	3,549	3,549
Amounts due from subsidiary undertakings	−	38,402		2,105
Other debtors	50,080	1,204	27,588	665
Prepayments and accrued income	30,866	24,117	3,671	3,671.
	86,518	69,295	34,808	9,990

	2021	2020
	Charity	Charity
Other loans	71,313	89,325
	1=1.•=1..1	An=
Payable within one year	17,412	17,412
Payable after one year	53,901	71,913
	161.122•1116M	611•1902•72311

		Group	Charity	Group	Charity
		2021	2021	2020	2020
	Notes	£	£	£	£
Other loans	15	17,412	17,412	17,412	17,412
Other taxation and social security		7,924	7,911	13	5,403
Trade creditors		20,943	10,707	4,236	510
Other creditors		3,304	3,304	63,837	37,661
Accruals		34,346	27,503	10,321	10,321
		83,929	66,837	95,819	71,307

			2021	2020
			Charity	Charity
		Notes
Other	loans	15	53,901	71,913

	Movement in funds	Movement in funds	Movement in funds
	Incoming	Resources		Opening	Balance at
	resources	expended	balance at 01		31 October
			November		2021
			•	2020
Literary Series	6,500	(6,500)
Music Series	3,787	(1,287)			2,500
A Little Night Music	18,400	(18,400)
Oratorio	2,000			14,000	16,000
Donna De Lago	6,500			−	6,500
Young Artists Program	19,963	(13,325)		5,000	−11,638
Young Instrumentalists Program	5,000				5,000
Platform 3	10,000				10,000
Outreach	500	(500)
BIF Digital	3,000	(3,000)
April In Your Eyes	6,000				6,000
Costumes	1,000	(1,000)
Other	50	(200)		150
	82,700	(44,212)		19,150	57,638

Analysis of net assets between funds
	Unrestricted	Restricted	**Total **	Unrestricted
	funds	funds		funds
	2021	2021	2021	2020
Fund balances at 31 October 2021 are
represented by:
Tangible assets	163,324		163,324	156,574
Current assets/(liabilities)	175,036	57,638	232,674	240,115
Long term liabilities	(53,901)		(53,901)	(71,913)
	284,459	57,638	342,097	324,776
				IMICCAI=LCMCILMLICE

Name of undertaking	Registered	**Nature of **	business			•Class of	% Held
	office					shares held	Direct Indirect
				•
Buxton Festival Productions	England and	Production	management			Direct	100.00
Limited	Wales
Name of undertaking		Profit/(Loss)	•	Capital and reserves
•Buxton Festival Productions	Limited				•307

22	Cash generated from operations		2021	2020
	Surplus for the year		17,321	372,774
	Adjustments for:
	Investment income recognised in statement of financial activities		(24)	(53)
	Depreciation and impairment of tangible fixed assets		2,288	2,425
	Taxation charged			13
	Movements in working capital:
	(Increase) in stocks		(1,103)
	(Increase)/decrease in debtors		(51,710)	143,906
	Increase/(Decrease) in creditors		(11,890)	(150,254)
	Cash (absorbed by)/generated from operations		(45,118)	368,811
23	Analysis of changes in net funds
		At 1 November	Cash flows	At 31 October
		2020		2021
	Cash at bank and in hand	301,126	(72,144)	228,982
	Loans falling due within one year	(17,412)		(17,412)
	Loans falling due after more than one year	(71,913)	18,012	(53,901)
		211,801	(54,132)	157,669
				•=1.1==e611.11.