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|**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|





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|||||**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**|





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||||||2021|||2020|
|---|---|---|---|---|---|---|---|---|
|||Note|||||||
|**Fixed assets**|||||||||
|Tangible assets||11|||163,324|||156,574|
|**Investments**||12|||||||
||||||163,324|||156,574|
|Current**assets**|**−**||||||||
|**Stock**||13.||1,103|||||
|Debtors<br>Cash at bank and|in hand|14|.<br>•• 86,518 .<br>228,982 •||||34,808<br>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**<br>**'**|**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**|





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|||**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|





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|||**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|• .<br>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|





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|**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|



## 

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|||**2021**|**2020**|
|---|---|---|---|
|||**Number**|**Number**|
|Full−time|equivalent−Admin|5|4|





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||**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.|





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|||||**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**||





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||**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|





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||**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**|





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|**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|||





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|**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.|