##
##
||||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|