##
##
|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|
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|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|
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|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|
##
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|||||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||||||||
|VOrafijfjgjgfL(gtt(jfi||||||||
|Designated
funds|||16|||16,515||
|General
unrestricted||funds||411,448||267,815||
||||||411,448||284,330|
||||||411,448||284,330|
##
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|||||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|
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|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|
##
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|~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|
##
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|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|
##
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##
|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|