REGISTERED COMPANY NUMBER: 02101271 (England and Wales) REGISTERED CHARITY NUMBER: 296329
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Thaxted Festival Foundation
RIDGELL & GUILDWAY ACCOUNTANTS LTD Chartered Management Accountants The Counting House Watling Lane Thaxted, Dunmow Essex CM6 2QY
Thaxted Festival Foundation
for the Year Ended 31 December 2024
Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's principal object is the arranging and staging of the Thaxted Festival. To promote and assist in the advancement of education in the Arts and Crafts including the arts of music and drama. To extend and increase the appreciation, knowledge and understanding of the arts and crafts in all their forms.
Public benefit
The Foundation must be able to demonstrate that its aims and activities are for the public benefit. The Council of Management has therefore reviewed the guidance issued by the Charity Commission and undertakes the charity's activities with the guidance in mind.
FINANCIAL REVIEW
Financial position
The surplus for the year was £2,607.
Reserves policy
The level of reserves is reviewed annually and the use and the proposed timing of their use are shown in detail in Note 15.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Charity constitution
The company is limited by guarantee, without share capital, incorporated 18th February 1987, registration number 2101271. It registered as a charity with the Charity Commissioners on 17th March 1987, registration number 296329. HMRC have approved the company's tax exemption for income applied for its main charitable purpose.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members of the company (or a person who was a member within one year before winding-up) are required to contribute an amount not exceeding £1.
The Council of Management (the Management Board) shall not be subject to any maximum but shall be not less than three persons. The quorum for the transaction of the business of the Council shall be two or one third of the members (the Directors) of the Council if greater.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Council of Management. Under the requirements of the Memorandum and Articles of Association the members of the Council of Management are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
The Chairman of the charity undertakes the induction of new members of the Council of Management.
Risk management
The directors/trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
Thaxted Festival Foundation
Report of the Trustees
for the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02101271 (England and Wales)
Registered Charity number
296329
Registered office
10a Watling Street Thaxted Dunmow Essex CM6 2PE
Trustees
Chairman: Peter Richard Donovan
Directors: Janet Elizabeth Grogan Andrew Charles Jenkins (resigned 15 July 2024) Miranda Ceinwen Sandison Christopher Michael Collins Paul Jeremy Christopher Meader James Hew Fallas Ann Moore
In addition Carolyn Wingfield acts as a Director but not as a Trustee (appointed 26 November 2024).
In addition Christopher Michael Weston acts as a Director but not as a Trustee (appointed 31 October 2024).
Company Secretary
Miranda Ceinwen Sandison
Independent Examiner
RIDGELL & GUILDWAY ACCOUNTANTS LTD Chartered Management Accountants The Counting House, Watling Lane, Thaxted, Dunmow Essex, CM6 2QY
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ........................................... and signed on its behalf by:
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…………………………………………
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Peter Richard Donovan - Trustee
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Independent Examiner's Report to the Trustees of Thaxted Festival Foundation
Independent examiner's report to the trustees of Thaxted Festival Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
………………………………………
Nisar Ahmed FCMA CGMA
Ridgell & Guildway Accountants Ltd Chartered Management Accountants The Counting House Watling Lane Thaxted, Dunmow Essex CM6 2QY
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Thaxted Festival Foundation
Statement of Financial Activities for the Year Ended 31 December 2024
| 31.12.24 | 31.12.23 | ||||
|---|---|---|---|---|---|
| Restricted | Total | ||||
| Unrestricted | funds £ | Total funds £ | funds £ | ||
| Notes | funds £ | ||||
| INCOME AND ENDOWMENTS FROM Donations and legacies |
3 | 84,934 | 84,934 | 55,105 | |
| Charitable activities | |||||
| Charitable Activities | 76,954 | 76,954 | 78,278 | ||
| Support Activities | - | - | - | - | |
| Investment income | 4 | 6,078 | - | 6,078 | 2,233 |
| Total | 167,966 | - | 167,966 | 135,616 | |
| EXPENDITURE ON | |||||
| Raising funds | - | - | - | - | |
| Charitable activities | |||||
| Charitable Activities | 138,494 | 138,494 | 128,172 | ||
| Governance Activities | (1,080) | - | (1,080) | (1,080) | |
| Support Activities | 27,945 | 27,945 | 20,981 | ||
| Total | 165,359 | - | 165,359 | 148,073 | |
| NET INCOME/(EXPENDITURE) | 2,607 | - | 2,607 | (12,457) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 180,833 | 12,075 | 192,908 | 205,365 | |
| TOTAL FUNDS CARRIED FORWARD | 183,440 | 12,075 | 195,515 | 192,908 |
The notes form part of these financial statements
Page 4
Thaxted Festival Foundation
Balance Sheet
31 December 2024
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 11 103,094 1,664 CURRENT ASSETS Debtors 12 (8,802) 10,050 Investments 13 28,525 - Cash at bank and in hand 61,706 361 81,429 10,411 CREDITORS Amounts falling due within one year 14 (1,083) - NET CURRENT ASSETS 80,346 10,411 TOTAL ASSETS LESS CURRENT LIABILITIES 183,440 12,075 NET ASSETS 183,440 12,075 FUNDS Unrestricted funds Restricted funds 15 TOTAL FUNDS |
31.12.24 31.12.23 Total Total funds funds £ £ 104,758 107,784 1,248 1,169 28,525 25,000 62,067 60,038 91,840 86,207 (1,083) (1,083) 90,757 85,124 195,515 192,908 195,515 192,908 183,440 12,075 180,833 12,075 195,515 192,908 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Thaxted Festival Foundation
Balance Sheet - continued 31 December 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ……………………………. and were signed on its behalf by:
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……………………………………
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Peter Richard Donovan - Trustee
The notes form part of these financial statements
Page 6
Thaxted Festival Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
1. STATEMENT OF DIRECTORS' RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the net income for the year of the company for that period. In preparing those statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Thaxted Festival Foundation meets the definition of a public benefit entity under FRS 102 and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Income
Income is recognized when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognized when the charity has entitlement to the funds, any performance conditions attached to the funds have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a specified service is treated as deferred until the criteria for income recognition are met.
Donations received under gift aid are shown inclusive of the corresponding amount of tax recoverable. Donations and sponsorship receipts associated with a particular event, season or class of expenditure are carried forward as deferred revenue until that event or expenditure occurs.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally on notification of the interest paid or payable by the bank.
Expenditure
Expenditure is recognized once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Raising funds
-
Charitable activities
continued...
Page 7
Thaxted Festival Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. ACCOUNTING POLICIES - continued
Expenditure
-
Governance costs
-
Support costs
Raising funds
Costs of raising funds comprise the costs of fundraising events and their associated support costs.
Charitable activities
Expenditure on charitable activities includes the costs of the festival and other activities undertaken to further the purposes of the charity and their associated support costs.
Tangible fixed assets
Assets costing in excess of £500 are capitalized and depreciated.
Depreciation is calculated to write down the cost of all fixed assets by equal annual instalments over their estimated lives. The rates and periods applicable are:
| Freehold property | 50 years | 2% |
|---|---|---|
| Catering Equipment | 10 years | 10% |
| Stage and office equipment, seating & trailer | 7 years | 15% |
| Seat cushions, computer & lighting equipment | 4 years | 25% |
Taxation
The charity is exempt from corporation tax on its charitable activities.
The Festival's VAT status was changed during 2007 and the Festival now claims cultural exemption on ticket sales. Not all income is exempt and the Festival's VAT status is partial exemption. As the level of qualifying income is less than the registration level, the Festival de-registered for VAT on 1st May 2007. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was occurred.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds of the charity which the Management Board have decided at their discretion to set aside to use for a specific purpose.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes/areas of the charity's work or for specific projects undertaken by the charity.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 8
continued...
Thaxted Festival Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Gifts | - | - |
| Donations | 32,032 | 15,894 |
| Gift aid | 14,021 | 6,411 |
| Grants | 38,881 | 32,800 |
| 84,934 | 55,105 | |
| Grants received, included in the above, are as follows: | ||
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Education Project Grant and Sponsorship | - | - |
| Other grants | 38,881 | 32,800 |
| 38,881 | 32,800 |
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the charities SORP (FRS 102) the economic contribution of general volunteers is not recognised in the accounts.
4. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.23 | 31.12.22 | |
| £ | £ | |
| Deposit account interest | - | - |
| Current asset investment income | 6,078 | 2,233 |
| 6,078 | 2,233 |
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 3,026 | 3,026 |
| Hire of plant and machinery | - | - |
continued...
Page 9
Thaxted Festival Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Support staff 31.12.24 1 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 55,105 - Charitable activities Charitable Activities 78,278 - Support Activities - - Investment income 2,233 - Total 135,616 - EXPENDITURE ON Raising funds - - Charitable activities Charitable Activities 128,172 - Governance Activities Support Activities (1,080) 20,981 - Total 148,073 - NET INCOME (12,457) - RECONCILIATION OF FUNDS Total funds brought forward 193,290 12,075 TOTAL FUNDS CARRIED FORWARD 180,833 12,075 |
31.12.23 1 Total funds £ 55,105 78,278 - 2,233 135,616 - 128,172 (1,080) 20,981 148,073 (12,457) 205,365 192,908 |
|
|---|---|---|
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 10
Thaxted Festival Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
9. MEMBERS' GUARANTEES
The charitable company is limited by guarantee, without share capital. In the event of a winding-up each member (or person) who was a member within one year before winding-up is required to contribute an amount not exceeding £1 towards the liabilities and winding-up costs.
At 31st December 2024 there were 65 members (2023 - 58)
10. TAXATION
The company has received confirmation from HMRC of exemption from corporation tax under the provisions of sections 466 to 493 of the Corporation Tax Act 2010 to the extent that the company's income is applied towards its main charitable purpose. In the opinion of the directors no corporation tax liability will arise as a result of the activity in the year ended 31st December 2024.
11. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 and 31 December 2024 DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 |
Freehold property £ Computer equipment £ 175,277 5,471 67,493 3,026 5,471 - 70,519 5,471 104,758 - 107,784 - |
Totals £ 180,748 72,964 3,026 75,990 104,758 107,784 |
|
|---|---|---|---|
| Other debtors | 31.12 .24 £1,248 31.12.23 £1,169 |
||
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12 .24 | 31.12.23 | |
|---|---|---|
| Other debtors | £1,248 | £1,169 |
Trade and other debtors are recognized at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discount due.
13. CURRENT ASSET INVESTMENTS
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| £ | £ | ||
| Unlisted | investments | 28,525 | 25,000 |
continued...
Page 11
Thaxted Festival Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 1,083 | 1,083 |
Creditors and provisions are recognized where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognized at their settlement amount after allowing for any trade discounts due.
15. MOVEMENT IN FUNDS
Unrestricted funds Designated funds General fund Restricted funds Restricted fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds Designated funds TOTAL FUNDS |
Net movement At At 1.1.24 in funds 31.12.24 £ £ £ 136,710 2,607 139,317 44,123 44,123 180,833 2,607 183,440 12,075 - 12,075 192,908 2,607 195,515 Incoming Resources Movement resources expended in funds £ £ £ 167,966 (165,359) 2,607 167,966 (165,359) 2,607 |
|---|---|
Comparatives for movement in funds
Unrestricted funds Designated funds General fund Restricted funds Restricted fund TOTAL FUNDS 2 |
Unrestricted funds Designated funds General fund Restricted funds Restricted fund TOTAL FUNDS 2 |
Net At 1.1.23 movement At in funds £ £ |
Net At 1.1.23 movement At in funds £ £ |
31.12.23 £ |
|---|---|---|---|---|
| 149,167 (12,457) 44,123 - 193,290 (12,457) |
136,710 44,123 180,833 |
|||
| 12,075 05,365 |
- (12,457) |
12,075 192,908 |
continued...
Page 12
Thaxted Festival Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Designated funds TOTAL FUNDS |
Incoming resources £ 135,616 135,616 |
Resources Movement expended in funds £ £ (148,073) (12,457) (148,073) (12,457) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Designated funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Net movement At 1.1.23 in funds £ £ 149,167 (9,850) 44,123 193,290 (9,850) 12,075 - 205,365 (9,850) |
At 31.12.24 £ 139,317 44,123 183,440 12,075 195,515 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Designated funds TOTAL FUNDS |
Incoming resources £ 303,582 303,582 |
Resources Movement expended in funds £ £ (313,432) (9,850) (313,432) (9,850) |
|
|---|---|---|---|
Purposes of Restricted Funds
Organ reserve: This reserve is for the Makin organ purchased in 2004. The reserve was reduced at the same rate as the annual depreciation charge for the organ.
Audience seating reserve: This reserve is for audience chairs and trolleys for moving the chairs purchased in 2009. The reserve will be reduced at the same rate as the annual depreciation charge for the chairs and trolleys.
Marie Elisabeth Stott Family (Trust reserve): This reserve results from a legacy in November 2017. Income from this fund will used to support an annual concert.
Purposes of Designated Funds
continued...
Page 13
Thaxted Festival Foundation
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
15. MOVEMENT IN FUNDS - continued
Education Development Fund: This fund is for the provision towards the cost of the programme of educational projects with local Schools. The fund will be used if there is not sufficient income during the year to fund the educational activities.
Commission for New Music Fund: This fund is for the provision towards the cost of commissioning a new piece of music. Part of this fund was used to commemorate the Festival's 25th Anniversary in 2011. The balance of the fund will be used to offer a commission to a relatively unknown composer.
Property Fund: This fund is for provision towards future costs of maintaining the festival office purchased in 2014.
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 14
Thaxted Festival Foundation
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |
||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | - | - |
| Donations | 32,032 | 15,894 |
| Gift aid | 14,021 | 6,411 |
| Grants | 38,881 | 32,800 |
| 84,934 | 55,105 | |
| Investment income | ||
| Deposit account interest | - | - |
| Current asset investment income | 6,078 | 2,233 |
| 6,078 | 2,233 | |
| Charitable activities | ||
| Ticket sales | 68,774 | 68,858 |
| Programme advertising & sales | 1,024 | 1,616 |
| CD's & Other Income | 7,156 | 7,804 |
| 76,954 | 78,278 | |
| Total incoming resources | 167,966 | 135,616 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Travelling & Accommodation | - | - |
| Charitable activities | ||
| Artists fees | 80,196 | 69,245 |
| Licences & subscriptions | 22,393 | 9,477 |
| Insurance | 1,169 | 978 |
| Advertising | 17,606 | 26,298 |
| Travel & Accommodation events | 13,268 | 17,300 |
| 134,632 | 123,298 | |
| Support costs | ||
| Management | ||
| Wages | 8,580 | 7,800 |
| Rates and water | - | - |
| Light and heat | - | - |
| Telephone | - | - |
| Postage and stationery | 3,191 | 2,655 |
| Sundries | 13,148 | 7,500 |
| Travel & Accommodation | - | - |
| Secretarial assistance | - | - |
| Carried forward | 24,919 | 17,955 |
This page does not form part of the statutory financial statements
Page 15
Thaxted Festival Foundation
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |
||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Management | ||
| Brought forward | 24,919 | 17,955 |
| Freehold property | 3,026 | 3,026 |
| Computer equipment | - | - |
| 27,945 | 20,981 | |
| Finance | ||
| Bank charges | - | - |
| Governance costs Accountancy and legal fees |
2,782 | 3,794 |
| Total resources expended | 165,359 | 148,073 |
| Net (expenditure)/income | 2,607 | (12,457) |
This page does not form part of the statutory financial statements
Page 16
Thaxted Festival Foundation
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 14 |
| Detailed Statement of Financial Activities | 15 to 16 |