2023-10-31-accounts - Buxton Arts Festival Limited

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Report ofthe	Trustees			to	6
Report ofthe	Independent Auditors			6 to	9
Consolidated	Statement ofFinancial	Activities		10
Consolidated	Statement oflanancial	Position
Charitable Company Statement ofNnandal			Position	12
Consolidated	Statement ofCash Flows
Notes to the	Statement ofCash Flows
Notes to the	Finandal Statements			15 to	27

			&uxt	on Arts Festival limited	on Arts Festival limited
			Consolidated	Statement ofFinancial		A	i	' s
			forthe	Year	Ended 310 aber	2023
									2023	2022
					Unrestricted	Restricted			Total	Total
					funds			funds	funds	funds
			Notes		E			E	E	E
INCOME AND	ENDOWMENT5		FROM
Donations and	legacies			3	649,622		169,672			1,059,101
Charitable activities				6
Public sector grants					140,069				140,069	163,740
Other trading activities Investment mcome				4 5	985,080 3,223				9&9,680 3~	862,503 299
Total					1,777,994		174,272		1,952+66	2,0&5,643
EXPENDITURE	ON
Charitable activities
Charitable donations Festiva I costs					1~~8		267,601		1,635,139	125,000 1,510,037
Other				&	104465			5,988	110~3	129,769
Total					1,471W3		273,589		1,745392	1,764,806
NET INCOME					306,191		(99317)		206474	320,837
Transfers between		funds		19	(61,184)			61,184
Net movement	ln funds				245,007		(38,133)		206474	320,837
RECONCIUATION OF FUNDS
Total funds brought		forward			546487		116,648		662,935	342,098
TOTAL FUNDS	CARRIED FORWARD				791494			78515	8692I09	662,935

					2023	2022
			Unrestricted	Restncted	Tote I	Total
			funds	funds	funds	funds
		Notes	E	E	E	E
FIXED ASSETS
Tangible assets		13	164,628		164,628	162,713
			164,628		164,628	162,713
CURRENT ASSETS
Stocks		15				860
Debtors		16	406918			303,128
Cash at bank and	in hand		3572I54	78415		409,357
			764,172	78415		713,345
C REDIT0RS
Amounts falhng due within one year		17	(128829)		(118,429)	(176,748)
NET CURRENT ASSETS			645,743	78,515		536,597
TOTAL ASSETS LESSCURRENT UABILmES			810371	78,515		699,310
CREDITORS
Amounts falling due after more than one year		18	(19,077)		(19,077)	(36,375)
			791494	78,515	8692RF3	662,935
FUNDS		20
Unrestricted funds					791~	546,287
Restricted funds					78,515	116,648
TOTALFUNDS					869~	662,935

ha '	nt	Finandal	Position
	31October 2023
				2023	2022
	Unrestricted		Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	6	E	6
POLED ASSETS
Tangible assets	13	164,628		164,628	162,713
Investments	14	1		1	1
		164,629		164,629	162,714
CURRENT ASSETS
Stocks	15				860
Debtors Cash at bank and in hand	16	377,662 353~	78415	377,662 432459	308,222 348,806
		731,006	78,515	809,521	657,888
CREDITORS
Amounts falhng due within one year	17	(85,570)		(85,570)	(121,599)
NET CURRENT ASSETS		645836	78,515	723,951	536,289
TOTAL ASSETS LESSCURRENT UABIUTIES		810,065	78,515		699,003
CREDITORS
Amounts falling due after more than one year	18	(19,077)		(19,077)	(36,375)
		790388	78,515	869403	662,628
FUNDS	20
Unrestricted funds				790,988	545,980
Restricted funds				78,515	116,648
TOTAL FUNDS				869,503	662,628

			n	lidated 5	h Flows
			for	the Year Ended 31October 2023
					2023	2022
			Notes		6	E
Cash flows from	operating	activities
Cash generated	from operations				47~5	201,448
Interest paid					(115)	(423)
Net cash provided by operating activities					47,230	201,025
Cash flows from	investing	actMties
Purchase oftangible fixed Interest recenied		assets			(6,143) 3~	(3,423) 299
Net cash used m investing		activities			(2820)	(3,124)
Cash flows from	Rnandng	activities
Loan repayments	in year				(17~8)	(17,526)
Net cash used in	financing	activities			(17,298)	~17,526)
Change in cash and cash equivalents			in the
reporting perfod					27,012	180,375
Cash and «ash equivalents		at the beginning
ofthe reporting	period				409,357	228,982
Cash and cash equivalents		at the end	of
the reporting period					436~9	409,357

		forthe Y r E 310 ob	forthe Y r E 310 ob	forthe Y r E 310 ob	er 2023
L	RECONQLIAllON	OF NET INCOME TO NET CASH FLOW FROM			OPERAT)NG	ACTIVlllES
							2023	2022
							E	E
	Net income for the		reporting	period (as per the Statement of	Financial
	Activities)						206474	320,837
	Adjustments for: Depreciation charges						4~	4,034
	Interest recerved						(3,223)	(299)
	Interest paid						115	423
	Decrease in stocks							243
	Increase in debtors						(103,190)	(216,610)
	(Decrease)/increase		in creditors				JSSP19)	92,820
	Net cash provided		by operations				47@45	201,448
2.	ANALYSIS OF CHANGES IN NET FUNDS
					At 1/11/22		Cash flow	At 31/10/23
						E	E	E
	Net cash
	Cash at bank and in		hand		409,357		27,012	436969
					409357		27,012	436,369
	Debt
	Debts falling due withm 1year				(17,412)			(17,412)
	Debts falkng due after 1year				(36,375)		17498	(19,077)
					(53,787)		17398	(36,489)
	Total				355,570		44310	399~

	DONATIONS	AND	LEGACIES
					2023	2022
					E	E
	Donations				777+71	694,595
	Legacies				42~3	364,506
					819494	1,059,101
	DONATIONS
					2023	2022
					E	E
	Gift Aid				13„rRIS	2,577
	Sundry Donations				222,083	189,472
	Friends of Buxton		international	pestwal	215,000	243,000
	Foyle Foundation		Grant			20,000
	Theatre Tax Credit				248,127	234,710
	Outreach				59A76	1,336
	Syndicates				18PHJD	3,500
					777,071	694,595
4.	OTHER TRADING ACTIVmES
					2023	2022
					E	E
	Festival income				961,670	830,701
	Sponsorships				28AILO	31,802
					989,680	862,503
5.	INVESTMENT	INCOME
					2023	2022
					E	E
	Deposit account interest				3~3	299

								2023	2022
					Actlvhy			f	f
						Public sector grants		140,069	163,740
	Grants received, included			in the		above, are as follows:
								2023	2022
								f	f
	Arts Council	Exchequer						122,208	137,208
	Derbyshire	County Council						2W1	4,532
	Orchestras	live							7,000
	I-ligh Peak Borough Counol								15,000
								140,069	163,740
7.	CHARITABLE		ACllVITIES COSTS
							Direct	Support
							Costs	costs	Tata Is
							f	f	f
	Festival costs						1,629,541	5498	1W5,139
8.	OTHER EXPENDITURE
								Governance
						Management	Finance f	costsf	Tote Is E
	Postage and		stationery			116			116
	Advertismg					80,183
	Sundries					7318			7318
	Travel costs					11A59			2tr459
	Recruitment Depreoation		expenses			1,066 4~			2/I66 4/28
	Bank charges						2,033		2,033
	Interest payable						115		115
	Audit fees
						104970	2,148
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is	stated after charging/(crediting):
								2023	2022
								f	f
	Auditors' remuneration							8,060	7,026
	Depreciation		—owned assets					4228	4,034

STAFF COS	TS
				2023	2022
				E	E
Wages and	salaries			309,596	203,098
Social security costs				20,747	19,868
Other pension costs				4369	4,747
					227,713
The average	monthly	number ofemployees	during the year was as follows:
				2023	2022
Full-time Equivalent-Admin				8	7

			Unrestricted	Restricted	Tots I
			funds	funds	funds
			E	E	E
INCOME AND ENDOWMENTS		FROM
Donations	and legaoes		884,651	174,450	1,059,101
Charitable	acthrities
Public sector grants			162,070	1,670	163,740
Other trading activrties			862,503		862,503
Investment	income		299		299
Total			1,909,523	176,120	2,085,643

	Not tothe Finandal Statements - con in forthe Year Ended 31October 2023	Not tothe Finandal Statements - con in forthe Year Ended 31October 2023	Not tothe Finandal Statements - con in forthe Year Ended 31October 2023
12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restncted	Total
			funds	funds	funds
			E	E	E
	EXPENDITURE ON
	Charitable activities
	Other		125,000		125,000
	Festival costs		1,443,032	67,005	1,510,037
	Other		129,769		129,769
	Total		1,697,801	67,005	1,764,806
	NET INCOME		211,722	109,115	320,837
	Transfers between	funds	50,105	(50,105)
	Net movement in funds		261,827	59,010	320,837
	RECONQUATION OF FUNDS
	Total funds brought	forward	284,460	57,638	342,098
	TOTAL FUNDS CARRIED FORWARD		546,287	116,648	662,935
13.	TANGIBLE AXED ASSETS
			Long	Computer
			leasehold	equipment	Tata Is
			6	E	E
	COST
	At 1November 2022			26,012	222448
	Additions			6,143	6,143
	At 31October 2023			32,155	228491
	DEPRECIATION
	At 1November 2022		46,436		59,735
	Charge for year				4328
	At 31October 2023		46,436	17,527
	NET BOOK VALUE
	At 31October 2023		150,000	14,628	164,628
	At 31October 2022		150,000	12,713	162,713

2023	2022
E.	f

							Company	ofshares
							number		Holding
	Buxton Festival Productions			Limrted			09500088	Ordinary
15.	STOCKS
								2023	2022
								E	E
	Stocks								860
16.	DEBTORS:AMOUNTS	FALUNG			DUE WITHIN ONE YEAR
						Group	Group	Charity	Charity
						2023	2022	2023	2022
						E	E	E	E
	Trade debtors					38,930	5,731	38,673	5,731
	Other taxation and social security					71,713	21,195	71,713	21,195
	Amounts owed by group		undertakings					258,353	279,403
	Other debtors					284,197	253,961
	Prepayments and accrued			income		11,478	22,241	8,923	1,893
						406418	303,128	377,662	308,222
17.	CREDITORS: AMOUNTS		FALUNG DUE WITHIN ONE YEAR
						Group	Group	Charity	Charity
						2023	2022	2023	2022
						E	E	E	E
	Other loans (see note Trade creditors	19)				17,412 9~	17,412 43,339	17pt12 9~	17,412 23,417
	Social security and other		taxes			5577	10,008	5,565	9,995
	Other creditors					29+46	74,168		45,385
	Accruals and deferred	income				56371	31,821	53370	25 390
						118,429	176,748	85,570	121,599
18.	CREDITORS: AMOUNTS		FALUNG DUE AFTER			MORE THAN ONE	YEAR
								2023	2022
								E	E
	Other loans (see note	19)						19,077	36,375

An analysis ofthe maturit	y ofloans is given below:
		2023	2022
		E	E
Amounts falling due within one year on demand:
Other loans			17,412
Amounts falling between	one and two years:
Other loans - 1-2years		17,412	17,412
Amounts falkng due between two and five years:
Other loans -2-5 years		1,665	18,963

MOVEMENT	IN FUN	DS
				Net	Transfers
				movement	between	At
			At 1/11/22	in funds	funds	31/10/23
			E	f	E	E
Unrestricted	funds
General fund			545,981	306,191	(61,184)	790,988
Subsidiary Company		Reserves	306
			546,287	306,191	(61,184)	791,294
Restrl*ed funds
Music Series			2,500	(55,633)	53,133
Oratorio Young Artists	Program		1,426 13~1	25,096		1,426 38927
Young instrumentalists		Program	14,000			14WO
Platf'orm 3			13,726	(8,464)		5+62
April ln Your	Eyes		71400	(71400)
BIFRoadshow			565	(4,066)
Core Costs				7,500		7~0
Cendrillion /Touring
Four 20				5,000		5,000
Carmen				2,000		2,000
webslte				5,000		5,000
Super Monday
Book Festival				(4550)	4,550
La Sonnambula
			116,648	(99827)	61,184	78,515
TOTALFUNDS			662,935	206+74

		Incoming	Resources	Movement
		resourcesf	expended E	in funds E
Unrestricted	funds
General fund		1,777,994	(1~72W3)	306,191
Restricted funds
Music Sel'ies		2,200	(57~3)	(55433)
Young Artists	Program	35,150	(10454)
Platform 3 April ln Your	Eyes	3,000 54~	(llvt64) (126,100)	(BPI64) (71+00)
BIFRoadshow Core Costs		1,922 15,000	(5988) (7,500)	(4AI66) 7~
Cendrillion/Touring			(19,000)
Four 20		5,000		5,000
Carmen		2,000		2,000
Website		5,000		5,000
Super Monday		27,500	(27~)
Book Festival La Sonnambula		2,000 1,600	(6850) (3~)	(4850)
		174772	(273~)	~99@17)
TOTAL FUNDS		1,952,266	~1,745992)	206474

				Net	Transfers
				movement	between	At
			At 1/11/21	in funds	funds	31/10/22
			E	f	E	E
Unrestricted	funds
General fund			284,154	(67,681)	50,105	266,578
Subsidiary Company		Reserves	306	279,403		279,709
			284,460	211,722	50,105	546,287
Restricted funds
Music Series			2,500			2,500
Oratorio			16,000	(14,574)		1,426
Donna De Lago			6,500	(6,500)
Young Artists	Program		11,638	1,593		13,231
Young Instrumentalists		Program	5,000	9,000		14,000
Platform 3			10,000	13,726	(10,000)	13,726
April tn Your	Eyes		6,000	65,200		71,200
Gypsy				20,000	(20,000)
BIFRoadshow				10,500	(9,935)	565
Core Costs				7,500	(7,50D)
Transport				2,670	(2,670)
			57,638	109,115	(50,105)	116,648
TOTALFUNDS			342,098	320,837		662,935

				Incoming	Resources	Movement
				resources	expended	in funds
				6	6	E
Unrestricted		funds
General fund				1,909,523	(1,977,204)	(67,681)
Subsidiary	Company		Reserves		279,403	279,403
				1,909,523	(1,697,801)	211,722
Restrfcted	funds
Oratono				12,000	(26,574)	(14,574)
Donna De	Lago			3,500	(10,000)	(6&00)
Young Artists		Program		21,750	(20,157)	1,593
Young Instrumentalists			Program	9,000		9,000
Platform 3				24,000	(10,274)	13,726
April ln Your		Eyes		65,200		65,200
Gypsy				20,000		20,000
BIFRoadshow				10,500		10,500
Core Costs				7,500		7,500
Transport				2,670		2,670
				176,120	(67,005)	109,115
TOTAL FUNDS