REGISTERED COMPANY NUMBER.. 02101271 (EHgliTrd tnd WAlts} REGISTERED CHARITY f4uMBER: 296329 rt of Ibe Tru#ees and naudited Financial stateMert for the Year Entsj 31 Dcc¢m ri£ trACCL44T7*
140
COMPANIES HOUSE RELL & GUItDWAY ACCOUPAwFS LTD ClJartcre4J Manag¢mE4JE Accountants The CounringHow¢ WatJiuB Lat)e Th¥Xt DuDrnOW CM6 2QY
ThAXted Festiv Foundation Th¢ Is¢S who aT¢ also dirtctm of the ¢h&ity for the purp)scs of th¢ Compaokrs Act 2006. pr¢5CDt their re[ with tht ftnancial stattments of thcchariryfoTtheyeaT ded 31 D¢ccmbcr2022. Th¢tru#tts have adooed thtprovisionsof Accounting and Reponwg by Chariti.. StsteffjeDLof Recomjuended Pradice applitableto cbariiits pry)8rring th¢ir amuts ID 4ran¢¢ with the Financi Reportillg Swthrd applicth in the UK and R£pubJic of Ireland (FRS 1021 leffrLtive l January 20191. OBJECTIVES AND ACTIVITIES Objectlvts alms The charitys Printipal objeLI is the lrranwg and sta8thgofthe Thaxtrd FtSfival. To promot¢and 151 in the advatKement of ¢ducaiion Èll the Arts and Craft5 including rb¢ ans of Jnusic and drAfDa. Toextthd IT iticrea8ethe 8ppreciation.knowled8e Jnd wid¢rstandin8 of the arts and uafts in all their furm bl5¢ b¢D¢fit The Fouodauon tnust b¢ abl¢ to detllOfL5trdte that its ll]s aDd adivitkts art for the public bcD¢fiL The Council of Manag¢TtL¢nt h&% therefore reviewed Ihe gUidCe issued by the ThaTiLy thrnmis5ion and utthtskesthe tharity's a1vitieWith th¢ guidan¢¢ FINANCIAL REVIEW Fln4ll¢ll posltlu The deficit for thc yww4s £5096. Reserv¢5 policy Th¢ level of r¢s¢rv¢5 15 revicwed annualty and the and the 0m)Sed timiti8of their useare showD in ddail wLNotr 15. STRUCTURE, GOVEIINANCE AND AGEME Govttnlng document The chariry is conirollcd by its govcrning documrJJL I de of trus4 and c4nstithts a limbted company, limited by guordnt¢4 d¢fin¢d by th¢ co[[aleS Act 2006. Th¢ company i5 litniwl by guardntee. wthoui Sha capital. ithco 18th Febrnary 1987, re8j5tration Durllbcr 2101271. It re8iSt¢rtd as a ch•rity with th¢ Ch4riryCornmis%iont150n 17th Marth 1987. rewstration wJmbtt296329. HMRCh&v¢appToved th¢ MPaNy tsx exempiion for income applioj for its mn ¢lwitsblc purpo. Thc company was established of Associion ¢stsblishvJ the objects and p)wtts of the charitsbl¢ ¢Otttpany attd is go¥erned uodtr its Article5 of A5s0¢sl0. (n th¢ ¢Y¢nt of th¢ bEitig up. of the ¢ompaThy l0rapers0tkwhow a tnernbErwithinoneyeatbefoTr windkllB•UP)art requited (ontrAIle anamountnot excecding £1. The Council of Managellni {the Man•g¢mcryi BoJrdl sball not be subject to auy t[ strLall b¢ llot less tban three person& The quorum for the ofthe busitxss of the CowKil 5ha]I be M OT one thitdof the membets (the ThTec¢ots) of the Cwn¢il if gr£cr. Rttrulfment #ppolAtmeRtof trustx The dirEcts> of th¢ cornpany art also th•Jity ttiJ¢es for th¢ pwp0545 of tharity Irw 2nd undEr the to#w5 Ani¢lcs fjr¢ known as mwnbcTS of the Council of ManageThenl. Under the requirents of the M¢rnoraTrdum and Articles of Association the rttenjbus of the Council of MaDagwl aT¢ lo e for a Puktyl of thrtt years aftu wbbch thcy must b¢ r¢.¢lc¢t¢d at the nut Anll General Mettirt8. Th¢ Chairnian of the tharity unde#takes the inductiot) of n¢w mt4nbu5 of the CrAmcil of MaDagemenL Risk m#n*gtment Th¢ dirtor have a dury ty identify and miew the visks t(h thc rjjarity is exwed and to cnwre aPpPIla1c ¢onttDJs are in pl•¢¢ ioprovide r¢•Krybl¢•S•n9ginStfRWd t¥yor. Pwl
idF tiv IF th¢ Year Ellded 31 Decembw 2022. REFERENCE AND ADMINISTRATIVE DETAILS ReK15tered CoThp4Dy Dmmber Q21Q1271 (England and Wal&s) Rtgtsiertd Charlty number 296329 Regljtered office 10 Watling Strtti Thaxitd Dunmow Ftssex CM6 2PE Trnstees Chairn]all." P¢ter Richard Donriv Dir¢rtors.' John Daniel Fox J•Det ElizRbrtb GroyD drew Charles JcJJkin$ Mtrattda Ceillwth Satrjison Chrtstopber Mich1 Collins Paul Jeremy Chri5thptsu Mtldcr lappowted 10 Mxy21ll7) In adth.tirn Cbn"stophu Micbacl WutOD •¢ts • Dir¢diYbJtnot as a Tnffjttt. Company Se¢rel¥ry Mirnnda Ceinwth Sandison Id¢pe¢t Exmlvr R[ELL & GUILDWAY AccouNfANfs LTD Cbart¢rcd M4nag¢m¢nt Attotsntants The Countin8 H$¢. Watling L•nE Thaxt¢d. Ihjnmow Fss¢x. CM6 2QY This rrporthas bccn pYcpwrrAJ in with the Sp¢c[ I1$10$ tsf Port IS of the Companies Au 2LXJ6 1ing to s1 eompknies. Approv by othrofthe Trwd of tsvsttes .... .... . .. aodsign¢d on its b¢h•lf by.. Peter "¢bIrd Donovan- Tnlee
ThaxtEd Festival Foundation JndEPthdÈnt examlher's report w tlt tiusttts of Thxted Ftslivl FouJdtioD I'tht CoThpny I report 10 the charity tsusiets on my exaMin10n of the accounrsofthe CoTrww for the year eDdd 31 Dcccmber 2022. Resptyttslblllttts and basts of report As the charitys trusl¢es of rbe CorDP9Y {8d 50 Itsdirfj forth¢ pwpos¢5 of wnpany IRW) you t¢spoDsiblt for the PTeparalion of the accounts ID acurdance with the r4uirements of the Cornpanies Art 21K16 (the 21KJ6 AL). Having 5ati5fied myself th thr counts of rhe Company aY¢ ytquiJ%d 10 be ¥udi¢¢d unthf Part 16 orth¢ 2(fj6 Ad and aT¢ ¢ligibl¢ for ind¢p¢ud¢nt cxaTllinatioD, I r¢port in respect of my examillatiott of yivjr ¢1lty3 atcouttts 8S t41ed outullder section 145 of the Charities A¢1 2011 I'iht 2011 A¢¢l. In earrying out my examioaiion I have followed ¢h¢ Directions givcn by rhe cban.ty Cotruni%5ion undcr 5¢clion 145{5) Ib)of thc 2011 A Indtptttdettt ex3mlDer's sttement I hav¢ cornplcted tny exanJiDaiioD. I ctth that no Yllattets have cfjnje 10 my attention tn conn0 with the rAaMi10 givujg tlle uuse belieyt.. at¢ountitLg records wert not kept LTL tesFrt of the Comymlly aslequm by 5ectirn 386 of tbe 21Xb6 W" or the accounts do not accotd with those re£ords," or the &Curts do not cotllpty with the actoulltsllKrequirn of stttsott 396 of th¢20C6 Act otherth•n •Dy requiTemeDt that the xwjnts give 8 •nd fw"T vi¢wwhith rs JW a ]nattsf COJLsidered as partof indeEThdeTrt examination" or the atuunts have not betn prtpartd in a¢eOTdanct wth the methods and principlfs of the Sthtrmcnt of R¢comrnthded pra¢¢ for dttoynting and TWtiDgby chariiies (3pplicable to charities pryin8 their aCcots in accordaLKe with thc Fin4D¢i81 RwortiDg Standard appIlbI¢ in the uKd Rtyublic of Ireland (FKS 102)). I bav¢ DO con¢£rlls snd hllve come tto otILer m#ttets in with the exatiJi]lluott (ovkLicb auelluoll 5bouid be drawt) in this r¢p)n in ord¥ w ¢nknle ¥ proprr ynd¢r5tatwJing of th2 accounts tobe reach lsat Ahimtd ACMA CGMA RJ"dgcll & Guildway Accountsnts Ltd Chanered Man88ement Accouthwjts The Counting House WatliDg Lallc ThaxtEd. rhjntnow CM6 2QY P¥g¢ 3
valF Statemcnt of Fin cial ArtIeS for thc YearEndtyJ 31 Decem 2022 31.1222 31.12.21 Totsj fvDd$ £ Rcstrid Total fd5 £ funds£ Donal15 and l¢ga¢ies ChTltable 8¢tlvllles Charitable A¢tiviti¢s S¥pport Acrivitses 44249 44249 34.942 61.621 61,621 35,121 IDvesth¢ni incornc Tot 107.489 107,489 EXPENDITURE ON Raising fuDd5 Ch•yltblt Aetlvldtt Cknitjble Activitses Governance Activslies Support Adivities 103.422 (1.050) Io 103.422 (1.0501 io 68.497 11,050) Total NET UYCOMFJ(EXPENDmiREI 15.(86) {5.LPJO} (4.487) RECONCTLIATION OF FUNDS Total bTou¥ht forwArd 21 Tht no*s forni part of tbese firÈllnci¥l ststun¢Thts
31 DecembEr 2022 31.12.22 Totgl UDr¢styiaed R¢5trict Tth Tot fiJrts FIXED ASSETS Tangibl¢ a¢5 109.146 110.810 114.040 CURRENT A&SETS Debiots Tnv¢5ttn¢rtts C&sh at bank and in harml 12 13 (9.103) 25.OtKI 10,050 947 25,LK)O 1.348 23.0 85.195 10,411 95,61 97,472 CREDITORS Amounts falling wiibio onEyear 14 NET cURREPr ASSETS TOTAL ASSETS LESS CURJiENr LtABILITIES 193 205 PIET ASSETS FUNDS Is untr[rd funds R¢sTTtcid fimds 193,290 198,386 TOTAL FIJNDS The charithble comwy is ¢ntitled to ¢xenWtyh from audit uEthSt¢tioti 477 of the CotDPgJll¢5 Art 2(X)6 for th¢ yur 31 December 2022. The mmbus ha¥¢ notrequird thecornpeny bal a410r its fin3uciRI statt45ts foTthtyt 31 Deeemb¢t 2022 in with Sectioti 476 of the Comp1¢5 Aa 2W6. The tnwecs acknowlcdgc their rtsponsibilities for (al ensuring thaL¢h¢¢haritsbl¢ company k¢y3¢tiIt&nts thal ¢oryly with Sections 386 and 387 of th¢Cornp•nies Act 2006 and preparing financial statemEnts which give a th]e and faIr¢v of the stsie of affairs of the charitabl¢ company a5 at th¢ end of each financial year and of irs 5UTpIu5 or d¢fi¢it for ¢ach financial year in actordante the TequircmenLS ol Sections 394 artd 395 athd which othenvist comply wlth the requiTcmuJts of the CoTnpanies Aci 2(M)6 relating fiDaD¢iai $tstemoLS. So far a5 applicable ch8Titable company. (b) Th¢ notfs forni p4rt of th¢sE fLtttiicial s(¥meth Pa8¢ 5
tedFe val Foundati Balance h i- conrinued 31 Decem cr 2022 Thc fittanci81 statements have bcen pryrd in •ccordwwith th¢ pmwsv)ns4Wi¢able th chKitabie comwics subject to the small wmpanies rewmE. Tb¢ finottcial st*tements wue approved by thc Bowrd of Tnw¢ts authts for issje and wer¢ signtd on its b¢b41f by.. P¢t¢r Ri¢hArd DmovAtt. Tntstee The nores forn partof fin•ntial ststemthts Pa8t 6
r the Year Ended 31 December 2
22
STATEMENT OF DIRECTORS. WPONSIBILrrY FOR THE FINANCIAL STATEMEf4TS
Company law rcquirc5 thc diTectOT5 to Prep finan¢i•l SeMents for ea¢h fittartial year whi£h Bive i true and fair
view of th¢sl&te olaffairsof the ¢owy aud of thenei itLtotne for the year of the cornpajjyforthaipuiod. In preparing
those statementy the dir¢ctOTS are T4uired ro:
select suitable accounting liCI¢S and then apply th¢m wnsist¢nty;
. SEat¢ whether arolitable a¢tsuntinR Stsndl% have follow wbject w any Ma4] deparnwes disdosed and
eXplned ID the fmancial swicmcnts.
-pfcpaT¢ ¢hc financiaj #atwn¢ntson th¢ going torKt¥n basis uttless tt iSitwria ropTtsume the company 1]1
Ottlinut in busithe&s.
The directors are responsible for keeping propcr acthjnting records ithieh diKlose with r00able XCUTacy at any
tinje the futstttial TYJsitiOts of the company 8nd to Uble them ¢0 ensur¢ th the finala1 sratrments comply the
Companics Act 2006. They are al r&wK)nsiblc fur safcguatdittg thc assets of the company and h¢nc¢ for trking
rtssonable steps forthe prevention gmd dttection offvud aThJ other irregulaTiti¢S.
ACCOUNTING POLICIFS
B851s of preprthg th¢ flN•D¢1 $tt¢mtttty
The financial siaitmenis of the chan¢abl¢ compdny. which 15 4 public benefit entityuTth FRS 102. havebeeTr prepared
in accoTdancc with the Charilits SORP (FRS I02}'Accouniingand Rcponing by Charitle5'. Strdtemenl tsfRecommetthd
Practice appliGabl¢ to ¢IrItieS preparin8 theirae¢otsLts itt attotthce wth theFtln¢181 Rcportmg Stsndard applicable
in ¢he UK and Republic of Ir¢land (FRS 102) l¢ffErtiv¢ l January 20191.. Fincial Rep)rtin8 Srandard 102 Th¢
Financial Rtportingstsndard apTr¢¥b}e in th¢UK aod Rybli¢of Ir¢land' and the Compantes Act 2006. The financi
tements hav¢ bec prcpared th¢hi5tyic41 rostrnnvptlioh.
Thut¢d F¢5tiv&l Founthtioll d¢fitiitiOtt ora public benefii eDrity ullder FPS 102 qnd th¢ Charitses Act 2011.
Assets and liabilili¢s I inilially rcw8nised aihistoricaj c05tortransaction valueunlessothttwsc in thc rd¢vant
a¢coutttin8 policy J)ote(s).
Income is recolIedwh¢Tr th¢charirybssenridement to the anypttfomiance CLMditions allath to thE It¢ml$)
of income have been mel it is probablc thal the inwn¢ wll be r¢ceived and the atnount can be mured reliably.
Income from governmemt and other 8rJts. whth'•itsl' Blts or levenue. gTanrs. is recO1Zed wh¢Tr th¢ rharity
bas ¢Duti¢mcnt ty th¢ fiwd5, w p¢rfornwLce ¢onditiODS attac]d 10 the fjjtsds bave beu) m¢ it probabl¢ that the
in¢omewill be reccivcd and the r1 Can be rnwurcd relLabty and is tM)t defcrred.
Income re¢eived in •Jvanc¢ of •sprcifithl savitris treaithlas deferrtd urttil theija forlncomeTe¢oItsOTr •re meL
Lk*n&tiOll5 received gift aid are 5howtL int1l¥t of the COtS#d8 aLnW)l of TCCOV¢Tabl¢. Dorwtions ar
SPOllSOTship rt¢eipts ass¢
axi Festiv•l F Notes to th¢ Financia] Stst¢ments- conunu¢d fw the YcHr Ended 31 De¢erLber 2022 ACCOitiYTll4G POLICIES- eontthued Exptndlmre Governan£e ¢05 Support costs Rlsln£ funds Costs of Taising for¥Js ¢ompri5¢ thE of fiti)thaisinB evts aDd 4S%0¢i supp)rt C4JSts. Chrlt8ble •elivltl¢s Expcnditurc on chaniablt aciivitiC5 includcs the c05t5 of th¢ feiVal other alvitieS to furth¢r the pu05 of the Charity and thcir 0$50ciatE41 supwt tosts. Tantlble red 15sets Asyets ¢osting in ex¢es5 of £53 ue ¢iliZd aldqlLte4L DeprlatIOn 1$ Cal181 io writ¢ down th¢ c4>st of all fixcd aets by wl grnual ins¢almMts ovcr their ¢5timat¢d lives. Th¢ rdles and puiods applicable 8Te." Fttehold ptoperty CALcring Equipmenr Stsge and offite tquipmcn( gea¢ing & SeAt cushi¢tts, computer & li8htin8 equipmeni 50 y¢w5 2% Ioyears I 7y¢ats 15% 4 ye8T5 2YA TaxAtIoD Th¢ Gharity 1$ exempt from Colption its chwitsbl¢ •diviu¢s. Th¢ Futival'5 VAT wt8 changed dwitig 2fy)7 8j the FtAival r#)w clw"m5 (ulturnl exptIOn ots ticket sales. Noi all income is ¢y¢mpL 4Dd th¢ Ftil'S VAT Stat is partial exemption. As the level of qualifyiD8 inwrn¢ is legs than thettgisiration Itvcl. th¢F¢s¢ival d¢-r¢8iSt¢r¢d for VAT lstmay 2(w)7. ItsetDvetable VAT is cknarged As a wst against the activity forwhieh tht ¢xp¢ndiuJrc WAS occurr¢d UnTe5trSCted fitnds ean used in ac¢ordan(cwith thecharilable objt£tives At thediscon of the tsustets. Desi11£d fijttds e wirestritted fimds of the chrity wljich the M8nagm¢niBo¥Tdh¥v¢ d¢u"dql at th¢IrdisttiOn to set ade tjse for a slxcific pu4>ose. Restricted fijnds only be used forparticu]•J re5McwJ puyp05¢swithiD th¢ (jcdS of the charity. ResEnlOn5 arise when specified by the donor or wbell art for partiLithr restrtcled of th¢ thaTity'$ work or for &pe¢ifi¢ proje¢ts dertak by th¢ ¢harity. FurthertxplaNat1 of ttt¢ rjatttre and r)se0f ¢8¢h fiuhl is AlKh io the to the finallci•l s¢al¢m. Hire purCht apd It41ing commitm¢nts Reutsls paid uttdei optsalittg lea art charged to the S¢t of FiDJDrial Adivities on a stiaight litieb&8is over the period of the lease. Pag¢ 8 continucd..-
22 DONATIONS AND LEGACIFS 31.12.22 31.12.21 16.352 7287 610 14947 5.B86 Gift aid GranL8 Grants CtIV, includ in th¢ abov4 a% fo114)WS.' 31.12.22 31.12.21 FAlucation Ptojeci Grnit and st1P Other 8Mts The ¢barity b¢nefJts greatly frorn the involvement and enthu5iaslicsw)rt of its mwly volun¢¢ers, d¢t4i15 of which are given in our annual rryort. In accord*)c¢ with FRS 102 and th¢ thariti¢s SORP IFRS 102) the wonomic co¢bU0n of germal volunteers is not recolS¢d in th¢ a¢couDts. 31.12.22 31.12.21 tkpDsii accotsnl initrni NET INCOMEIIEXPETrIDTtURE) Nei irt¢oMtlltxp.ttc) As ¢hpJgingl(cr¢ditiDg)'. 31.12.22 31.12.21 D¢pT¢ciatson- ¢)wncd ass&s Hire of plani and mathsnery 3330 4J94 Page 9 ntinucd...
F rival Foundati the Financial tatemcnts. e Yeat Ended 31 DeceTnber 2022 TRUSTEES. REMUNEJL4TION AND BENTFITS There were no tnjsoes. remuneNion orotherbu)¢fits fortheyw oth131 Decuth2022 Dor for the year cnded 31 Ikccmbcr 2021. Try51¢¢5' ¢XPtiisei The wert tK> Inlee$, expSe5 paid for the year Crid¢d 31 Dtrnb¢r 2022 Th)r fry the yearajded 31 Dexember 2021. STAFF COSTS The 4v¢rnge Tnonthty Dumbtr of thwknytes ¢knitK8 theywr &$ follows.. Support 31.12.22 31.12.21 No etlOYeeS reVed emOlumets in ex¢e55 of £60.(ts). COMPARATIVES FOR T ATMET OF FINANCIAL AcfiviTIES Unfestyirted kestricled Total IIYCOME AND ENDOWMENTS FROM Do811$ attd lesaci 34.942 34.942 Chltrliible ttl%rftles Charitable Activiiies SupportActivities 35.121 35,121 Itwesthieni iticome Total 71,114 EXPEP4DITURE ON R4isiryg fiJDds Chirltible L*Mdes haritsble Activitie5 Governanc¢ Acriviii¢s Support Athvitt 158,497 (1.050) ii.osoj Total NET INCOME 14.487) 14,487) RECONCILIATION OF FUNDS Total fDods brougbt fornrd 202 873 TOTAL FUFIDS CARRIED FORWARD P10 u)ntinud...
axt the Financial Statements- con MEMBERS. GuARA1EEs Th¢ charitable wmpwjy L5 limiL¢d by guaTone. without $hare capiut. In the eveni of a winding-w) cach mcmber (or person) who w&$ a member wthin Me ye4r before wnding-up is requir¢d to contnbute an amount not exceeding £1 rd5 th¢ liabiliti¢s andwinth"ng-vp ros1& A(3151 Dernber 2022 thue WeTE 61 membErs (2021- (il) TAXATllkY secti0ts8466 to493 of the co]P0on Arf2010 w the exicDi thai thempanY'S iDtotttc is phedtOWArdS its JnÈiii haritable purpose. In the opinion of the ditectots no tOTtatiOn ttx liability will ari5t a5 a result of th¢ aclivity in the year etsded 31st Dttcmbcr 2022. Al. TANGIBLE FIXED A&SETS FftelLold Computer peny £ tquipm¢nt£ Totals COST At l Jamwy 2022 aTrf31 Drcth 2022 175277 74 DEPRECIATION Ai l J8JJuary 2022 CILaTBC foryear 61.441 5.267 204 66.708 Ai 31 Dember 2022 467 NET BOOK VALUE Al 31 D¢cemkn 2022 At 31 December2021 12. DEBTORS: AMOUNTS FALLIf4G DUE TIN ONE YEAR 31.12.22 £947 31.12.21 £1.348 Oih¢rdcbtW5 Trnle and0thdebt0[5 ue recozed*the distou#Éoffered. PJwayTrxnts arevalued atth¢ am(ym pr¢paid ofanydistowit due. 13. CURRENT INVLSTMENrs 31.12.22 31.12.21 Unli5t¥J iuv¢s¢tncn¢S ¢ontirwcd...
Notes
tinlltd forthe Y
14.
CREDITORS: AMouTrifs FALLING DUE WITHIN ONE YEAR
31.12.22
31.12.21
Tr*k crtdiknrs
CTeditQTS th provisioB5 aT¢ rQglled whete the charity has • present obligation r¢suliiu8 from a past ¢Yt th&t will
probably Tesul¢ in th¢ transfer of to a third paty and the amowLt duc to settle the
Thted Festival Foundation Cthnparati¥¢ net rtw)vem¢ttt in fvndi in¢lwW in the th)v¢ are as follows.. nd ITr fiujds Unrestrltted funds Desi8nated funds TOTAL FUNDS A ¢urrettt year 12 months attdpriwye4r 12 months conllKdF4)XIiOO 15 follows.. Net Ai 31.12.22 Atl_1.21 Unrestricted funds Designated Gencrnl fund 158.750 44.123 {9.5831 149,167 44.123 198.671 (9.5831 193.290 RestrictEd Rtstritted fttnd A ye4r 12 rthiths aDd pii¢)ry¢ar 12 rywths ¢oJthD¢d net [wYeI iti fjjrjds. included in the above as follows.. Incoming Mov¢rn¢nt expend UDTtstritted flln Desi8ttated fth TOTAL FtJNDS th¢ •nmwl d¢¥ill the fty the orgott. AudkeL¢e seatiL8 reselve." This is foi audietice thairs and troil¢ys for movitLg thc chairs purcb&sed tti 2C4)9. Th¢ rrxrvc will b¢ rduc¢d at ¢h¢ sarn¢ ratr ¥ th¢ lla[ dq)Te£ia(ion iknge for the chatr5 and trolley5. Marie Elisabh Family ITnJs1 Teserve).. This rrs¢rv¢ Tesults frnm a le8acy ITh Novembtt 2017. ]ncome from this ffi]nd will wed to Sup[ an olDtSigDad Page 13 C4)ntinucd...
Thaited F tsva] Foundaiio inancial Staterne forthey Ended31 D ber2 22 15. MOVEMENT tN FUNDS. ¢•tttlnxd Education DevelopmentFund.. Tbi5 fid is fortheryovisioft thecost of thtPrOgrncOf education81 projccts with locd SchoolÉ. Tht ffiJ[ will be used if therc is not suffici¢Dr inwrD¢ dunDg th¢ yw to fuDd the thcationai aciiviti¢s. Commission for Mu5iG Fuod.. This fimd ks for the provision thwards th¢ cost of commissionujg a new pi¢ce of music. Part of this was ys¢d to comrncrnrale the Festival% 25th ADThsvcrsary in 2011. The baknct of thc fund vrill be used to offer a coJnmissi¢)n toa relatively comp)ser. Pryuty Fylld.. This fvnd i$ forpTOViSitin towards tosts of rrAitrtaLrtillg the festival otTJct purchased in 2014. 16. RELATED PARTY DISCLOSURES TTt no r¢latrd p4rty lIwlIOnS forth¢y¢*r ¢ndtyl 311)etththtr 2022. Pa8e 14
Thaxted F¢5tival FwrKlation tsilcd Statement of Financial Activiti forthcy 31.12.22 31.12.21 INCOME AND ENDOIVMENTS DonAtl•#$ a#d legades ifts Donatiolls Gsft aid Grants 16352 7.287 14,947 5.886 44249 34.942 Ittwtmtht Incorne Deposit acwuoi int¢r¢5t CuTrent wet investsneE)i income 1.619 1.051 Charltablt ctlvltEeg Tickcl 5Jl¢s Pro8AoJL)e advertisijjg & sak5 CD'5 & her Income 57,063 819 34,781 107.489 EXPENDITURE R#lslttg dondoffts And legades TTavellin8 & AccomdatI Charltsble •ttMtles Artists fe&¥ Li¢ences & subscriptioLs Insurance AdvertiSill8 Tra1 & AccommDdation events 58.767 8.194 $40 14.095 14 38.989 3.815 i.0 7,793 95.936 61.793 Suppjrt tos Management Wag¢5 Rates and wakr Light andh¢Èt Ttlephon¢ Postage artd ststiotttty Sundn¢5 Travel & Accommodati retariai wistarjce Carried fon¥ard S2 2.175 122 529 833 1.393 2,948 2923 10.213 This page dots notfortllpartof thc sthtsnory finattcl stat0 Pase 15
inarKiiI e Year Ellded 31 Dectmber 20 ties for 31.12.22 31.12.21 M#n*gement Brought forward Frtehold ptopthy Comput¢r ewipm¢nt 10.213 3.026 204 3,026 13.443 12394 Fln•n¢e Bank ¢h8r8es Gov¢rnan¢¢ costs Accowitsncy and legal fxs Totsl resowT¢e5 expendtd 112585 ¢t (¢xpenditUTe)finr•m¢ PaBe16