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2022-10-31-accounts

Page
Company Information
Trustees' report 4-8
Statement ofTrustees' responsibilities
Independent
auditor's		 report 10 - 12
Statement offinancial activities
Balance sheet 14-15
Statement ofcash flows 16
Notes to the financial statements 17-28

Trustees Mark Sutherland
Michael Harper
Careane Wallace
Louise Potter
Stuart Lester
Emily Gottlieb
Julian Glover
Annie Lydford
Felicity Goodey CBE DL
Charity number 276957
Company number 01393717
Registered office 3The Square
Buxton
Derbys hire
United
Kingdom
SK176AZ
Auditor Azets Audit Services
Alpha House
4 Greek Street
Stockport
Cheshire
United
Kingdom
SK3SAB

Unrestricted Restricted Total Total
Note Funds Funds Funds Funds
2022
f		 2022 2022 2021
Income and endowments from:
Donations
and grants		 3 1,046,721 176,120 1,222,841 512,425
Charitable
activities		 4 862,503 862,503 544,535
Investments 5 299 299 24
Total income and endowments 1,909,523 176,120 2,085,643 1,056,984
Expenditure
on:
Expenditure
relating
to charitable		 activities 6 (1,697,801) (67,005) (1,764,806) (1,039,663)
Net (expenditure)/income for the year /
Net movement
in funds		 211,722 109,115 320,837 17,321
Transfer between
funds		 50,105 (50,105)
Net movement
in funds		 following fund transfers 261,827 59,010 320,837 17,321
Fund balances at 1 November 2021 284,459 57,638 342,097 324,776
Fund balances at 31October 2022 546,286 116,648 662,934 342,097

Note 2022 2021f
Fixed assets
Tangible assets 11 162,713 163,324
Investments 12
162,713 163,324
Current assets
Stock 13 860 1,103
Debtors 14 303,128 86,518
Cash at bank and in hand 409,357 228,982
713,345 316,603
Creditors: amounts falling due within one year 15 (176,748) (83,929)
Net current assets 536,597 232,674
Total assets less current liabilities 669,310 395,998
Creditors: amounts falling due after more than
one year 16 (36,375) (53,901)
Net assets 662,935 342,097
Income funds
Restricted funds 18 116,648 57,638
Unrestricted funds 546,287 284,459
662,935 342,097

FOR THE YE A R EN DED 31OCTOB ER 20 22
2022 2021
Note
Fixed assets
Tangible assets 11 162,713 163,324
Investments 12 1 1
162,714 163,325
Current assets
Stock 13 860 1,103
Debtors 14 308,222 69,295
Cash at bank and in hand 348,806 228,806
657,888 299,204
Creditors: amounts falling due within one year 15 (121,599) (66,837)
Net current assets 536,289 232,367
Total assets less current liabilities 699,003 395,692
Creditors: amounts falling due after more than
one year 16 (36,375) (53,901)
Net assets 662,628 341,791
Income funds
Restricted funds 116,648 57,638
Unrestricted
funds		 545,980 284,153
662,628 341,791

2022 2021
Notes
Cash flows from operating activities
Cash (absorbed
by)/generated		 from operations 22 201,025 (45,118)
Investing
activities
Purchase oftangible
fixed		 assets (3,423) (9,038)
Interest received 299 24
Net cash used
in Investing		 activities (3,124) (9,014)
Financing
activities
Repayment
ofother loans		 (17,526) (18,012)
Net cash used in financing activities (17,526) (18,012)
Net (decrease)/increase in cash and cash
equivalents 180,735 (72,114)
Cash and cash equivalents at beginning ofyear 228,982 301,126
Cash and cash equivalents at end of year 409,357 228,982

Unrestricted Restricted Total Unrestricted
funds funds funds
2022 2022 2022 2021
Donations and gifts 520,145 174,450 694,595 228,094
Legacies receivable 364,506 364,506 53,750
Public sector grants 162,070 1,670 163,740 224,081
Membership fees 6,500
1,046,721 176,120 1,222,841 512,425
Donations and gifts
Gift Aid 2,577 2,577 9,740
Sundry
Donations		 38,522 149,600 188,122 72,672
Friends of Buxton International Festival 243,000 243,000 95,000
Foyle Foundation Grant 20,000 20,000
Buxton Festival Foundation 372
Theatre Tax Credit 234,710 234,710 48,799
Outreach 1,336 1,336 1,511
Syndicates 3,500 3,500
Other 1,350 1,350
520,145 174,450 694,595 228,094
Public Sector Grants
Arts Council England 137,208 137,208 167,397
High Peak Borough Council 15,000 15,000 40,000
Derbyshire County Council 2,862 1,670 4,532 5,723
ERDF 3,000
Orchestras live 7,000 7,000 7,961
162,070 1,670 163,740 224,081

Sponsorship Festival Total Sponsorship
&		 Job retention Festival income Total
&advertising income 2022 advertising scheme 2021
2022 2022 2021 2021 2021
f f
Other income 31,802 830,701 862,503 23,508 10,006 511,021 544,535
Unrestricted Unrestricted
funds funds
2022 2021
Interest receivable 299 24

Group Charity Group Charity
2022 2022 2021 2021
Support costs and (see note 7)
governance costs 209,632 206,632 276,724 273,699
Donations 125,000 125,000
Festival costs 1,430,174 251,122 762,939 210,621
Production commission fee 1,137,800 545,337
1,764,806 1,720,554 1,039,663 1,029,657
Analysis by fund
Unrestricted funds 1,697,801 1,653,549 995,451 985,445
Restricted funds 67,005 67,005 44,212 44,212
1,764,806 1,720,554 1,039,663 1,029,657

Support cos ts
Support Governance 2022 Support Governance 2021
costs costs costs costs
Staff costs 79,863 79,863 120,356 120,356
Depreciation 4,034 4,034 2,288 2,288
Contractors fees 24,344 24,344 37,168 37,168
Marketing
costs		 72,452 72,452 74,498 74,498
IT maintenance 9,122 9,122
Telephone 2,431 2,431
Rates 2,132 2,132
Staff travelling 9,328 9,328 5,754 5,754
Postage 8 stationery 3,942 3,942
Sundries 6,493 6,493 8,050 8,050
Auditors fees' 7,026 7,026 8,563 8,563
Recruitment
expenses		 4,268 4,268
Interest payable 423 423 793 793
Bank charges 1,401 1,401 1,627 1,627
202,606 7,026 209,632 268,161 8,563 276,724
Net movement in funds 2022 2021
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the audit ofthe company's financial
statements 7,026 8,563
Depreciation of owned tangible fixed assets 4,034 2,288

Employment costs 2022 2021
Wages and salaries 203,098 183,819
Social security costs 19,868 18,016
Other pension costs 4,747 5,394
Included
in festival costs		 (147,850) (86,873)
79,863 120,356
The number
of employees		 whose annual remuneration was 260,000 or more
were:
2022 2021
Number Number
1 1
11 Tangible fixed assets (Charity &Group)
Leasehold Computers
8		 Total
land and equipment
buildings
Cost or valuation
At 1 November 2021 196,436 22,589 219,025
Additions 3,423 3,423
At 31 October 2022 196,436 26,012 222,448
Depreciation and impairment
At 1 November 2021 46,436 9,265 55,701
Depreciation
charged		 in the year 4,034 4,034
At 31 October 2022 46,436 13,299 59,735
Carrying
amount
At 31 October 2022 150,000 12,713 162,713
At 31 October 2021 150,000 13,324 163,324

Cost or valuation
At 1 November
2021 8 31 October 2022
Carrying
amount
At 31 October 2022
At 31 October 2021
2022 2021
Charity Charity
Other investments comprise: Notes
Investments in subsidiaries 21
13 Stocks
2022 2021
Charityl Charityl
Group Group
Finished goods and goods for resale 860 1,103

OR THE YEAR END ED 31 OCTOB ER 2022
14 Debtors
Group Charity Group Charity
2022 2022 2021 2021
Trade debtors 5,731 5,731 5,572 5,572
Other taxation and social security 21,195 21,195
Amounts
due		 from subsidiary undertakings 279,403 38,402
Other debtors 253,961 50,080 1,204
Prepayments and accrued income 22,241 1,893 30,866 24,117
303,128 308,222 86,518 69,295
15 Creditors: amounts falling due within one year
Group Charity Group Charity
Notes 2022 2022 2021 2021
Other loans 17 17,412 17,412 17,412 17,412
Other taxation and social security 10,008 9,995 7,924 7,911
Trade creditors 43,339 23,417 20,943 10,707
Other creditors 74,168 45,385 3,304 3,304
Accruals 31,821 25,390 34,346 27,503
176,748 121,599 83,929 66,837

16 Credito rs: amounts
falling du		 e after more than one year
2022 2021
Charityl Charityl
Group Group
Notes
Other loans 17 36,375 53,901
17 Loans and overdrafts
2022 2021
Charityl Charity/
Group Group
Otherloans 53,787 71,313
Payable within one year 17,412 17,412
Payable after one year 36,375 53,901

Opening
balance
at 01 November
2021		 Opening
balance
at 01 November
2021		 Incoming
resources		 Resources
expended
/transfer		 Balance at
31/10/2022
Music Series 2,500 2,500
Oratorio 16,000 12,000 (26,574) 1,426
Donna De Lago 6,500 3,500 (10,000)
Young Artists Program 11,638 21,750 (20,157) 13,231
Young
Instrumentalists		 Program 5,000 9,000 14,000
Plafform 3 10,000 24,000 (20,274) 13,726
April
In Your		 Eyes 6,000 65,200 71,200
Gypsy 20,000 (20,000)
BIFRoadshow 10,500 (9,935) 565
Core Costs 7,500 (7,500)
Transport 2,670 (2,670)
57,638 176,120 (117,110) 116,648
19 Analysis of net assets between funds
Unrestricted
funds		 Restricted
funds		 Total Unrestricted
funds
2022 2022 2022 2021
Fund balances at 31 October 2022 are
represented by:
Tangible assets 162,713 162,713 163,324
Current assets/(liabilities) 419,949 116,648 536,597 232,674
Long term liabilities (36,375) (36,375) (53,901)
546,287 116,648 662,935 342,097

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

FO R THE YEAR END ED 31OCTO ED 31OCTO BE R 2022
22 Cash generated
from		 operations 2022 2021
Surplus for the year 320,837 17,321
Adjustments
for:
investment
income recognised
in		 statement offinancial activities (299) (24)
Depreciation
and impairment
oftangible		 fixed assets 4,034 2,288
Movements
in working		 capital:
(Increase)/decrease
in		 stocks 243 (1,103)
(Increase)/decrease
in		 debtors (216,610) (51,710)
Increase/(Decrease)
in		 creditors 92,820 (11,890)
Cash (absorbed
by)/generated		 from operations 201,025 (45,118)
23 Analysis ofchanges
in net funds
At 1 November Cash flows At 31 October
2021 2022
Cash at bank and
in hand		 228,982 180,375 409,357
Loans falling due within one year (17,412) (17,412)
Loans falling due after more than one year (53,901) 17,526 (36,375)
157,669 197,901 355,570