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 R￿ELL & GUItDWAY ACCOUP￿AwFS LTD ClJartcre4J Manag¢mE4JE Accountants The CounringHow¢ WatJiuB Lat)e Th¥Xt￿ DuDrnOW CM6 2QY ThAXted Festiv￿ Foundation Th¢ I￿s￿¢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 a￿muts ID 4￿r￿an¢¢ 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 gUid￿Ce issued by the ThaTiLy thrnmis5ion and utthtskesthe tharity's a￿1vitie￿With th¢ guidan¢¢ FINANCIAL REVIEW Fln4ll¢l*l posltlu The deficit for thc yww4s £5096. Reserv¢5 policy Th¢ level of r¢s¢rv¢5 15 revicwed annualty and the and the ￿0￿m)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[[￿a￿leS 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 m￿n ¢lwitsblc purpo￿. Thc company was established of Associ*ion ¢stsblishvJ the objects and p)wtts of the charitsbl¢ ¢Otttpany attd is go¥erned uodtr its Article5 of A5s0¢s￿l0￿. (n th¢ ¢Y¢nt of th¢ bEitig up. of the ¢ompaThy l0rapers0tkwhow￿ a tnernbErwithinoneyeatbefoTr windkllB•UP)art requited ￿(on￿trAIle anamountnot excecding £1. The Council of Managell￿ni {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#w￿5 Ani¢lcs fjr¢ known as mwnbcTS of the Council of ManageThenl. Under the requir￿ents of the M¢rnoraTrdum and Articles of Association the rttenjbus of the Council of MaDagw￿l aT¢ lo ￿e for a Puktyl of thrtt years aftu wbbch thcy must b¢ r¢.¢lc¢t¢d at the nut An￿ll￿ 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¢ dir￿tor￿ have a dury ty identify and miew the visks ￿ ￿t(h thc rjjarity is exwed and to cnwre aPp￿PIla1c ¢onttDJs are in pl•¢¢ ioprovide r¢•Krybl¢•S￿•n￿9g￿inStfRWd 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 Mich￿1 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 I*d¢pe￿¢￿t Ex*mlvr 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[￿ I￿1$10￿$ tsf Port IS of the Companies Au 2LXJ6 ￿1￿ing to s￿￿1 eompknies. Approv￿ by othrofthe Trwd of tsvsttes .... .... . .. aodsign¢d on its b¢h•lf by.. Peter ￿"¢bIrd Donovan- Tn￿lee ThaxtEd Festival Foundation JndEPthdÈnt examlher's report w tlt tiusttts of Th*xted Ftsliv*l FouJd*tioD I'tht CoThp*ny I report 10 the charity tsusiets on my exaMin￿10n of the accounrsofthe CoTrww for the year eDdd 31 Dcccmber 2022. Resptyttslblllttts and basts of report As the charitys trusl¢es of rbe CorDP9￿Y {8￿d ￿50 Itsdir￿fj￿ 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 ¢1￿lty3 atcouttts 8S t4￿1ed 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 st*tement I hav¢ cornplcted tny exanJiDaiioD. I ctth that no Yllattets have cfjnje 10 my attention tn conn￿0 with the rAaMi￿10 givujg tlle uuse ￿ belieyt.. at¢ountitLg records wert not kept LTL tesF*rt of the Comymlly aslequm￿ by 5ectirn 386 of tbe 21Xb6 W" or the accounts do not accotd with those re£ords," or the &C￿ur￿ts 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 ￿ indeE*ThdeTrt 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 aCco￿ts in accordaLKe with thc Fin4D¢i81 RwortiDg Standard appIl￿bI¢ in the uK￿d 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 Ar￿￿tIeS for thc YearEndtyJ 31 Decem￿ 2022 31.1222 31.12.21 Totsj fvDd$ £ Rcstrid Total f￿d5 £ funds£ Donal1￿5 and l¢ga¢ies Ch*Tltable 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•ylt*blt 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 fiJr*ts 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 cURREP￿r ASSETS TOTAL ASSETS LESS CURJiENr LtABILITIES 193 205 PIET ASSETS FUNDS Is un￿tr[￿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 ￿￿b*al￿ ￿ a￿4￿10r its fin3uciRI statt45￿ts foTthtyt* 31 Deeemb¢t 2022 in with Sectioti 476 of the Comp￿1¢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 Th￿c 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 S￿eMents 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 Ma￿4] deparnwes disdosed and eXpl￿ned 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 r￿00able XCUTacy at any tinje the futstttial TYJsitiOts of the company 8nd to U￿ble them ¢0 ensur¢ th* the fina￿la1 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 prep*rthg th¢ flN•D¢1￿ $t*t¢mtttty The financial siaitmenis of the chan¢abl¢ compdny. which 15 4 public benefit entityuTth FRS 102. havebeeTr prepared in accoTdancc with the Charilits SORP (FRS I02}'Accouniingand Rcponing by Charitle5'. Strdtemenl tsfRecommetthd Practice appliGabl¢ to ¢I￿rItieS preparin8 theirae¢otsLts itt attotthce wth theFtl￿n¢181 Rcportmg Stsndard applicable in ¢he UK and Republic of Ir¢land (FRS 102) l¢ffErtiv¢ l January 20191.. Fin*cial Rep)rtin8 Srandard 102 Th¢ Financial Rtportingstsndard ap￿Tr¢¥b}e in th¢UK aod Rybli¢of Ir¢land' and the Compantes Act 2006. The financi tements hav¢ bec￿ prcpared th¢hi5tyic41 rostrnnvptlioh. Thut¢d F¢5tiv&l Founthtioll d¢fitiitiOtt ora public benefii eDrity ullder FPS 102 qnd th¢ Charitses Act 2011. Assets and liabilili¢s I￿ inilially rcw8nised aihistoricaj c05tortransaction valueunlessothttwsc in thc rd¢vant a¢coutttin8 policy J)ote(s). Income is reco￿lIedwh¢Tr th¢charirybssenridement to the anypttfomiance CLMditions allath￿ to thE It¢ml$) of income have been mel it is probablc thal the inwn¢ wll be r¢ceived and the atnount can be m￿ured reliably. Income from governmemt and other 8r*Jts. whth'•itsl' Bl￿ts or levenue. gTanrs. is recO￿1Zed 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 ￿￿r￿1 Can be rnwurcd relLabty and is tM)t defcrred. Income re¢eived in •Jvanc¢ of •sprcifithl savitris treaithlas deferrtd urttil the￿i￿ja forlncomeTe¢o￿ItsOTr •re meL Lk*n&tiOll5 received gift aid are 5howtL int1￿l¥t of the CO￿tS￿#d￿8 aLnW)l of ￿ TCCOV¢Tabl¢. Dorwtions ar SPOllSOTship rt¢eipts ass¢￿ or of cxpeDditurt art tattied fonyanl as deferred Tevenue until that eveni OT expendiDJT¢ LKaws. Ifi￿rest on fimds hc]d on d¢pxit is includ￿ when receivablc and the amDunt can be mEasuTvJ reliAbly by the chatity. this i5 Dorttllily rn notificati¢)n of thE iDtere5t paid or payable bythe bank. EXpcDdit[￿e L5 rec4)wz¢d onct there 15 4 l¢g•l or ¢Y)Tbstrtive dJ]iKati(m to Tnake i paymellt w a ttLird party. it 15 ptobable that settlement will be Ttquired and the amouni of ¢IL¢ oblig4Ei¢)n ¢an k meag]Ted reliably. ExperbdiDJre is cla55ifiat uDderthe followinB actiwty headings". Raising fijnds Chan"tsbl¢ adiviti Pa8e 7 continued... 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 R*lsln£ funds Costs of Taising for¥Js ¢ompri5¢ thE of fiti)thaisinB ev￿ts aDd 4S%0¢i*￿ supp)rt C4JSts. Ch*rlt8ble •elivltl¢s Expcnditurc on chaniablt aciivitiC5 includcs the c05t5 of th¢ fe￿iVal other a￿lvitieS to furth¢r the pu￿05￿ of the Charity and thcir 0$50ciatE41 supwt tosts. Tantlble r￿ed 15sets Asyets ¢osting in ex¢es5 of £5￿3 ue ¢￿i￿liZ￿d a￿ldq￿lLte4L Depr￿latIOn 1$ Cal￿18￿1 io writ¢ down th¢ c4>st of all fixcd a￿ets 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 Colp￿tion its chwitsbl¢ •diviu¢s. Th¢ Futival'5 VAT wt8 changed dwitig 2fy)7 8￿j the FtAival r#)w clw"m5 (ulturnl ex￿ptIOn ots ticket sales. Noi all income is ¢y¢mpL 4Dd th¢ F￿ti￿l'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 thedisc￿￿on of the tsustets. Desi￿11£d fijttds *e wirestritted fimds of the ch*rity wljich the M8nagm¢niBo¥Tdh¥v¢ d¢u"dql at th¢Irdist￿tiOn to set a￿de tjse for a slxcific pu4>ose. Restricted fijnds only be used forparticu]•J re5McwJ puyp05¢swithiD th¢ (*jcdS of the charity. ResEn￿lOn5 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 purCh￿t 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 st￿￿￿1P 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￿¢￿bU￿0n of germal volunteers is not reco￿lS¢d in th¢ a¢couDts. 31.12.22 31.12.21 tkpDsii accotsnl initrni NET INCOMEIIEXPETrIDTtURE) Nei irt¢oMtlltxp￿￿.tt￿c) 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> In￿lee$, exp￿Se5 paid for the year Crid¢d 31 D￿trnb¢r 2022 Th)r fry the yearajded 31 Dexember 2021. STAFF COSTS The 4v¢rnge Tnonthty Dumbtr of thwknytes ¢knitK8 theywr &$ follows.. Support 31.12.22 31.12.21 No et￿lOYeeS re￿Ved emOlume￿ts in ex¢e55 of £60.(ts). COMPARATIVES FOR T￿￿ ￿AT￿MET￿ OF FINANCIAL AcfiviTIES Unfestyirted kestricled Total IIYCOME AND ENDOWMENTS FROM Do￿811￿￿$ 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 P￿10 u)ntinud... axt the Financial Statements- con MEMBERS. GuARA1￿EEs Th¢ charitable wmpwjy L5 limiL¢d by guaTon*e. 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 D￿ernber 2022 thue WeTE 61 membErs (2021- (il) TAXATllkY secti0ts8466 to493 of the co]P0￿￿on Arf2010 w the exicDi thai the￿mpanY'S iDtotttc is ￿phedtOWArdS its JnÈiii haritable purpose. In the opinion of the ditectots no tOT￿tatiOn 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 D￿ember 2022 467 NET BOOK VALUE Al 31 D¢cemkn 2022 At 31 December2021 12. DEBTORS: AMOUNTS FALLIf4G DUE ￿TI￿N ONE YEAR 31.12.22 £947 31.12.21 £1.348 Oih¢rdcbtW5 Trnle and0th￿debt0[5 ue reco￿*zed*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¢ r￿Qg￿lled whete the charity has • present obligation r¢suliiu8 from a past ¢Y￿t th&t will probably Tesul¢ in th¢ transfer of to a third paty and the amowLt duc to settle the Designated funds General fund 158.750 (4.487) 154.263 202,873 14.487) 198,386 Re¥trirt¢d fuDds Restricied futtd P•ge 12 continued... Th￿ted 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 con*llKdF4)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 [wYe￿I iti fjjrjds. included in the above as follows.. Incoming Mov¢rn¢nt expend UDTtstritted flln Desi8ttated fth TOTAL FtJNDS th¢ •nmwl d¢¥￿i*ll￿ th￿e 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 Elisab*h Family ITnJs1 Teserve).. This rrs¢rv¢ Tesults frnm a le8acy ITh Novembtt 2017. ]ncome from this ffi]nd will wed to Sup[￿ an olDtSigDa*d Page 13 C4)ntinucd... Thaited F tsva] Foundaiio inancial Staterne forthey Ended31 D ber2 22 15. MOVEMENT tN FUNDS. ¢•tttlnxd Education DevelopmentFund.. Tbi5 fi￿d is fortheryovisioft thecost of thtPrOgrn￿cOf 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 T￿￿Tt no r¢latrd p4rty lIw￿lIOnS 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 don*doffts And legades TTavellin8 & Accom￿datI Charltsble •ttMtles Artists fe&¥ Li¢ences & subscriptioLs Insurance AdvertiSill8 Tra￿1 & 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￿ stat￿￿0￿ 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