2021-12-31-accounts

Trustees			S Baker
			A Griffiths
			C McDonald
			M Rose
			G Wilson
			BSolanky
			Rev D Tomlinson
			G Brookes
			M Boot
			L Chapman
			K Roberts
Secretary			G Bentley
Charity	number		289372
Company		number	01812893
Registered		office	Floor 2 Church		House
			86 Tavistock Place
			Kings Cross
			London
			WC1H 9RT
Auditor			Robson Laidler		Accountants	Limited
			Femwood	House
			Femwood	Road
			Jesmond
			Newcastle	Upon	Tyne
			Tyne and Wear
			England
			NE2 1TJ

		Page
Trustees'report		1-7
Independent auditor's	report	8-10
Statement offinancial	activities	11-12
Balance sheet		13
Statement of cash flows		14
Notes to the financial	statements	15-23

Current financial	Current financial	Current financial	year
						IJnrestrlcted	Restricted	Total	Total
						funds	funds
						2021	2021	2021	2020
					Notes	f	f	f	f
Income and	n		owm	fr
Donations and	legacies				2	484,248	3,150	487,398	547,041
Charitable activities					3	115,936		115,936	26,358
Other trading activities					4	12,715		12,715	5,006
Investments					5	198,944		198,944	191,078
Other income						41,667		41,667	43,098
Total income						853,510	3,150	856,660	812,581
~x&~t~ir	n:
Raising funds					6	159,624		159,624	157,219
Chantable activities					7	566,768	3,150	569,918	546,162
Total resources			expended			726,392	3,150	729,542	703,381
Net Income for		the year/
Net movement		in funds				127,118		127,118	109,200
Fund balances	at		1 January	2021		284,330		284,330	175,130
Fund balances		at 31 December 2021				411,448		411,448	284,330

Prior financial year
			Unrestricted	Restricted	Total
			funds	funds
			2020	2020	2020
		Notes	f	f	f
Income and endowments	from:
Donations and legacies			530,532	16,509	547,041
Charitable activities			26,358		26,358
Other trading activities			5,006		5,006
Investments			191,078		191,078
Other income			43,098		43,098
Total income			796,072	16,509	812,581
~ddl
Raising funds		6	157,219		157,219
Charitable activities		7	524,301	21,861	546,162
Total resources expended			681,520	21,861	703,381
Net income for the year/
Net movement in funds			114,552	(5,352)	109,200
Fund balances at 1 January	2020		169,778	5,352	175,130
Fund balances at 31 December 2020			284,330		284,330

				2021		2020
			Notes	f
Fixed assets
Tangible assets					39,771		43,856
Current assets
Debtors			12	69,315		31,361
Cash at bank and	in	hand		896,705		809,188
				966,020		840,549
Creditors: amounts		falling due within
one year			13	(594,343)		(600,075)
Net current assets					371,677		240,474
Total assets less	current liabilities				411,448		284,330
Income funds
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Designated funds			16			16,515
General unrestricted		funds		411,448		267,815
					411,448		284,330
					411,448		284,330

				2021		2020
			Notes	6		6
Cash flows from operating		activities
Cash (absorbed by)/generated from			18
operations					(107,805)		182,977
Investing	activities
Purchase	of tangible fixed assets			(3,622)		(8,722)
Investment	income received			198,944		191,078
Net cash	generated from Investing
activities					195,322		182,356
Net cash	used in financing	activities
Net increase In cash and cash equivalents					87,517		365,333
Cash and	cash equivalents	at beginning	ofyear		809,188		443,855
Cash and	cash equivalents	at end of	year		e96,705		809,188

3	Charitable	activities	activities	activities
						Charitable	Charitable
						activities	activities
						2021	2020
						6	f
	Ticket income					115,936	26,358
4	Other trading		activities
						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						6	9
	Greenbelt	trading				12,715	5,008
5	Investments
						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						6	9
	Rental income					198,900	191,078
	interest receivable					44
						198,944	191,078
6	Raising funds
						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						6	9
	Fundraisin	and		u	lici
	Direct fundraising			costs		8,339	10,459

~Tr ~in	ggSt8
NEST	expenditure	135,549	122,981
Trading	costs and costs ofgoods sold	15,736	9,850
Year round events			13,929
Trading	costs	151,285	146,760
		159,624	157,219

		Charitable	Charitable
		activities	activities
		2021	2020
			f
Festival delivery		123,073	64,876
Festival operations	costs	59,137	63,239
Festival content		24,750	18,341
Festival marketing	costs	8,913	3,857
Other festival costs		3,781	171
Volunteer support		307	311
Trust greenbelt expenditure		3,150	21,135
Environmental levy			726
		221,111	170,656
Share of support costs (see note 8)		348,807	375,506
		569,918	546,162
Analysis by fund
Unrestricted funds		566,768	524,301
Restricted funds		3,150	21,861
		569,918	548,162

8	Support costs	Support costs
			Support	Governance	2021	Support costs	Governance	2020
			costs	costs			costs
				8	f	8	f
	Staff costs		320,786		320,786	330,847		330,847
	Office costs		11,656		11,656	9,951		9,951
	Legal and	professional
	fees Audit fees		12,615 3,750		12,615 3,750	30,958 3,750		30,958 3,750
			348,807		348,807	375,506		375,506
	Analysed	between
	Charitable	activities	348,807		348,807	375,506		375,506

The average	monthly number ofemployees during th	e year was
		2021	2020
		Number	Number
Administration
Employment	costs	2021	2020
			8
Wages and salaries		257,912	231,816
Social security	costs	21,379	20,124
Other pension	costs	15,195	13,216
		294,486	265,155

11	Tangible fixed assets	Tangible fixed assets
			Fixtures and	Computers	Total
			fittings
	Cost
	At 1 January 2021		56,523	3,190	59,713
	Additions			3,622	3,622
	At 31 December 2021		56,523	6,812	63,335
	Depreciation and Impairment
	At 1 January 2021		14,804	1,053	15,857
	Depreciation charged	in the year	5,459	2,248	7,707
	At 31 December 2021		20,263	3,301	23,564
	Carrying amount
	At 31 December 2021		36,260	3,511	39,771
	At 31 December 2020		41,719	2,137	43,856
12	Debtors
				2021	2020
	Amounts falling due	within one year:		f	f
	Trade debtors			2,891	2,730
	Prepayments and accrued income			66,424	28,631
				69,315	31,361
13	Creditors: amounts	falling due within one year
				2021	2020
				f	8
	Other taxation and social security			15,704	21,181
	Trade creditors			2,574	28,020
	Other creditors			3,809	1,055
	Accruals and deferred	income		572,256	549,819
				594,343	600,075

							2021	2020
							f	f.
Within one year							111,000	148,000
Between two and	five years							111,000
							111,000	259,000
Restricted funds
The income funds	of the charity	indude	restricted	funds	comprising	the following	unexpended	balances of
donations and grants held on trust		for specific purposes:
						Movement	in funds
					Balance at	Incoming	Resources	Balance at
					1January	resources	expended	31 December
					2021			2021
					E		f	E
Trust greenbelt						3,150	(3,150)

			Movement	in funds
		Balance at	incoming	Resources	Balance at
		1 January	resources	expended	31 December
		2021			2021
		f			E
Imagination	fund	16,515		(16,515)
		16,515		(16,515)

18	Cash generated from	operations	operations				2021	2020
							f	8
	Surplus for the year						127,118	109,200
	Adjustments for:
	Investment income recognised		in statement		offinancial	activities	(198,944)	(191,078)
	Depreciation and impairment oftangible			fixed assets			7,707	6,512
	Movements in working	capital:
	(Increase)/decrease in	debtors					(37,954)	49,384
	(Decrease)/increase in	creditors					(5,732)	208,959
	Cash (absorbed by)/generated		from	operations			(107,805)	182,977