2021-09-30-accounts - The Llangollen International Musical Eisteddfod Limited

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Royal International	Pavilion
Abbey Road
Llangollen
Denbighshire
LL20 8SW
Bankers
HSBC
17-19Regent Street
Wrexham
LL11 1RN

Solicitors
Aaron Partners
5-7 Grosvenor	Court
Foregate Street
Chester
CH1 1HG
Auditors
Salisburys &Company		Business Solutions	Ltd
Irish Square
Upper Denbigh	Road
StAsaph
Denbighshire
LL17 ORN

				Unrestricted	Restricted	2021	2020
			Note	funds	funds	Total	Total
				f		f	f
Incoming resources
Incoming resources from generated		funds
Donations, legacies and	similar
incoming resources				9,215	2,035	11,250	16,499
Investment income				34	6	40	402
Incoming resources from charitable		activities
Tickets and other sales				11,363	10	11,373	14,465
Sponsorship income							5,000
Grants and local authorities				323,850	199,061	522,911	437,912
Total incoming resources				344,462	201,112	545,574	474,278
Resources expended
Costs ofgenerating funds				612		612	310
Charitable Activities
Site			7	16,125	17,385	33,510	28,858
Music and staging			8	100,250	(3,951)	96,299	213,500
Competitors			9	5,579	1,614	7,193	17,683
Commercial			10	134,760	95,345	230,105	207,508
				257,326	110,393	367,719	467,859
Governance Costs			11	3,150		3,150	2,850
Other resources expenditure			12	7,934	6,584	14,518	33,206
Total resources expended			13	268,410	116,977	385,387	503,915
Net Incoming resources	before
other recognised gains or losses				76,052	84,135	160,187	(29,637)
Fair Valuation Adjustment Freehold Land	of		22
Net Movement In funds				76,052	84,135	160,187	(29,637)
Total funds brought forward				112,820	58,184	171,004	200,641
Total funds carried forward			20,21,22	1BB,B 2	3 9	331,191	171,004

		Note	Unrestricted	Restricted	2021	2020
Fixed assets					E
Tangible assets		15	106,000		106,000	112,509
Current assets
Stocks		16	4,354		4,354	4,966
Debtors and prspayments		17	87,973	9,300	97,273	125,555
Cash at bank and in hand			221,647	288,721	510,368	333,745
			313,974	298,021	611,995	464,266
Creditors: amounts	falling due within
one year		18	(231,102)	(155,702)	(386,804)	(355,771)
Net current assets			82,871	142,319	225,191	108,495
Total assets less current liabilities			188,872	142,319	331,191	221,004
Creditors: amount falling due after
more than one year		19				(50,000)
Net assets			188,872	142,319	331,191	171,004
Income funds
General fund		20/22			188,872	112,820
Restricted funds		21			142,319	58,184
Total funds

					Note	Unrestricted	Restricted	2021	2020
Cash Provided by (Used in) Operating Activities					28	73,430	153,153	226,583	161,987
Cash flows	from Investing	activities
Interestincome					6	34	6	40	402
Purchase oftangible fixed		assets			15	5,656	(5,656)		(702)
Cash provided by (used In) Investing						5,690	(5,650)	40	(300)
activities
Cash ffows	from financing	activities
Repayment	of borrowings					(50,000)		(50,000)
Cash used	in financing activities					(50,000)		(50,000)
Increase In	cash and cash	equivalents		in the		29,120	147,503	176,623	161,688
year
Cash and cash equivalents		at the	beginning			116,785	55,272	333,745	172,057
ofthe year
Total cash	and cash equivalents		at the end
ofthe year						145,905	202,775	510,368	333,745

incoming resources
			2021	2020
Net Incoming resources are stated after charging			6	6
Auditors' remuneration			3,150	2,850
Depreciation oftangible fixed assets —owned			6,509	7,081
Hire ofplant and machinery	- operating	leases
	—short-term	hires	4,192	10,739
Lease of land and buildings			7,000	4,667

3	.Tickets and ot	her	sales
					Unrestricted	Restricted	2021		2020
					funds	funds	Total		Total
	Tickets and	other sales			f	6	E		E
	Tickets
	Broadcasting				10,000		10,000
					10,000		10,000
	Site Income
	Site Rents
	Rents Received				989			989		992
					989			989		992
	Otherlncome
	Competitors	Liaison				10		10		717
	Other sales
	Advertising
	Programmes
	Publicity									35
	Bar income
	Sundry				374			374
	Floral									541
	Fundraising	Income							5,529
	P&P and Ticket		Booking	Fee					6,651
					374			374	12,756
					11,363	10	11,373		14,465
4.	Donations				Unrestricted	Restricted	2021		2020
					funds	funds	Total		Total
					E	6	E		E
	General Donations				3,019		3,019		10,805
	HMRC Gift Aid				4,696	2,035	6,731		2,694
	Legacy - Miss B		Grey-Device						3,000
	Legacy —Norma		Edwards		1,000		1,000
	Legacy - Gwilym		Pennant	Roberts	500			500
					9,215	2,035	11,250		16,499

6.Grants and local authorities	6.Grants and local authorities	6.Grants and local authorities	6.Grants and local authorities	Unrestricted	Restricted	2021		2020
				funds	funds	Total		Total
Local Authorities				6	f	6		K
Unitary and Community			Councils	650			650	3,025
Retail and Hospitality			Grant scheme					25,000
Grants
Arts Counml ofWales					5,656	5,656		86,456
Major Events Unit,	WAG			28,200	155,500	183,700		282,500
Cultural Recovery	Fund			295,000		295,000
Garfield Western					7,500	7,500
Hentage Lottery Fund					4,429	4,429		5,521
D'Oyly Carte								3,000
Cooperative Grant					1,243	1,243
HMRC JRS Grants					24,733	24,733		32,410
				323,850	199,061	522,911		437,912
6.Investment income				Unrestricted	Restricted	2021		2020
				funds	funds	Total		Total
				6	6	8		6
Bank and money		market interest		34			40		402
							40		402
7.Site Expenditure				Unrestricted	Restricted	2021		2020
				funds	funds	Total		Total
				6	6	6		6
Salaries, Nl and Pensions				6,702	1,251	7,953		8,531
Cleaners and Materials				132			132		491
Equipment Hire					4,192	4,	192		964
Canvas & Porta Cabins								9,775
Secunty & Medical					9,592	9,592
Maintenance									500
Expenses &Training				8			8		210
Rent &Rates				7,000		7,000		5,429
Postage, Printing	and		Stationery	108			108		231
Telephones				827			827		742
Insurance				363			363	1,602
Health 8 Safety				798	2,350	3,148			73
Sundnes				60			60		96
Depreciation				127			127		214
						33,510		28,858

8.Music and staging		expenditure	expenditure	expenditure	Unrestricted		Restricted	2021		2020
					funds		funds	Total		Total
					E		E	K		E
Salaries, Nl and		Pensions			30,971		10,180	41,151		56,849
Artistic Director's		Remuneration								15,073
Production Manager										6,068
Concert artists'	fees and expenses				(146)		(80,000)	(80,146)		117,795
Community days										1,276
Digital Eisteddfod		Costs			67,932		65,869	133,801		12,000
Prizes and Trophies										498
Syllabus printing										973
Staff expenses	and training			& Recruitment		8			8	83
Postage, Pnnting		and	Stationery		108				108	231
Telephones					827				827	742
Insurance					363				363	1,602
Sundries					60				60	96
Depreciation					127				127	214
					100,2	0	~3,951	95,255		3,500
9.Competitors' expenditure					Unrestricted		Restricted	2021		2020
					funds		funds	Total		Total
					E		E	f		E
Accommodation
Payments to householders
Payments to non-householders
										450
Transport
Other
Salaries, Somal	Security costs and Pensions				5,579		1,614	7,193		17,220
Staff expenses										13
					5,579		1,614	7,193		17,683
Overseas competitor			numbers					2021		2020

10.Commercial Expenditure	10.Commercial Expenditure			Unrestricted	Restricted	Restricted	2021	2020
				funds	funds		Total	Total
				f	E		f	E
Salanes Social Security		costs and Pensions		43,481	74,188		117,669	95,370
Staff expenses & recruitment				3,923			3,923	215
Staff training				39			39	934
Advertising						2,414	2,414	4,653
Subscriptions				562			562	705
Sponsorship & Corporate			Hospitahty					150
Archive & Research						3,588	3,588	5,531
Publimty & Marketing								2,899
Programme, Ticket	&Seat label printing							561
Advertising Signs & Banners								33
Consultancy 8 Licence		Fees		42,780			42,780	16,571
Public Relations						5,000	5,000	7,576
Bank & Credit Card	Charges			1,994			1,994	9,284
Ticket Agency commission				3,500			3,500	6,822
Repairs, Servicing	and	leasing of Equipment		3,996			3,996	2,118
Website & ITCosts				27,976		4,500	32,476	14,573
Volunteer Costs				20			20	105
Postage, printing and stationery				504			504	1,076
Telephones				3,858			3,858	3,464
Insurance				1,696			1,696	7,475
Sundries				278			278	447
Depreciation				598		5,656	6,254	6,654
Bad Debts								250
Fundraising costs								2,596
Planning Permission Costs				(445)			(445)	17,446
				134,760		95,305	30 105	203,505
11.Governance Costs				Unrestricted	Restr	icted	2021	2020
				funds	funds		Total	Total
				f	E.		E	E
Audit and Accountancy		fees		3,150			3,150	2,850
				3,150			3,150	2,850
12.Other Resources Expenditure				Unrestricted	Restricted		2021	2020
				funds	funds		Total	Total
				E	f		E
Irrecoverable VAT				7,934		6,584	14,518	33,206
				7,934		6,584	14,518	33,206

			Staff	Costs	Costs	Depreciation	Other Costs	2021	2020
Cost ofGenerating Funds							612	612	310
Site				7,953		127	25,430	33,510	28,858
M&S			41,151			127	55,020	96,299	213,498
Competitors				7,193				7,193	17,683
Commercial			117,669			6,255	106,182	230,105	207,258
Governance							3,150	3,150	2,850
Other							14,518	14,518	33,206
Bad Debts									250
				3,	6	6,509	204,911	385,387	503,913
14.Employees
								2021	2020
Staff costs consist of:
Wages and	salanes							160,853	158,487
Social Security Costs								8,154	12,057
Pensions No Individual	employee was paid F60,000 per		annum	or	above.			4,960 7,426 ,966,976
The average	number ofemployees,	analysed	by function,		was:
								2021	2020
						Administration
						Marketing
								3	6

xed assets
		Freehold	Property	Plant and
		Land	Improvements	Equipment	Total
		E	E	E		E
Cost or valuation
At I October 2020		106,000	75,953	302,892		484,845
Additions				0		0
		106,000	75,953	302,892		484,845
Depreciation
At 1 October 2020			75,605	296,731		372,336
Charge for the year			348	6,161		6,509
		0	75,953	302,892		378,845
Net book value
At 30September	2021	106,000	0	0		106,000
At 30September	2020	106,000	3 5			1,559

		Freehold	Property		Plant and
		Land	Improvements		Equipment	Total
		E	E		E	E
Cost		6,725	75,953		302,892	385,570
Accumulated	depreciation		(75,953)		(302,892)	(378,845)
Net Book Value al 30September 2021					0	6,725
Net Book Value at 30September 2020		5»5		348	6,161	13,234
18.Stocks		Unrestricted	Restricted		2021	2020
		funds	funds		Total	Total
		E	E		E	E
Merchandise						612
Trophies		4,354			4,354	4,354
		4,354				4

						Balance at	Balance at				Balance at
						1 Oct f	2020	Income f	Expenditure f		30Sept 2021 f
	ACW Grant							5,656		5,656
	Archive Project						1,492	4,522		3,588	2,426
	Cefn Bryn					18,764					18,764
	Competitors Bursaries						6,513	26			6,539
	Floral						3,783	252			4,035
	Hospitality						1,560	366			1,926
	Inclusion Project	Grant						8,743		7,500	1,243
	MEU Marketing	Grant						2,500		2,500
	Peace msg, Comp		Club				975	0			975
	Prize Funds					13,658		1,313			14,971
	Reach out						704	0			704
	Site Development		Fund				5,417	1			5,418
	HMRC JRS Grant							24,733	24,733
	Volunteer Development						2,318	0			2,318
	MEU Peace Grant							93,000	93,000
	MEU Resiliance	Grant						60,000	60,000
	Future Eisteddfod		Events				3,000	0	(80,000)		83,000
						58,184		201,112	116,977		142,319
22.	Fair Value reserve					Balance at		Revalued	Balance at
						1 Oct 2020 f		in Year f	30Sept f	2021
	Freehold snd leasehold			land		99,275				5
23.	Analysis of net assets between				funds
						Tangible		Net current	Long-term
	At 30September 2021 Restricted funds:					fixed assets f		assets f	liabilities f		Total f
	Archive Project							2,426			2,426
	Cefn Bryn							18,764			18,764
	Competitors Bursaries							6,539			6,539
	Floral							4,035			4,035
	Hospitahty							1,926			1,926
	Inclusion Project							1,243			1,243
	Peace msg, Comp		Club					975			975
	Prize Funds							14,971			14,971
	Reach out							704			704
	Sits Development		Fund					5,418			5,418
	Volunteer Development							2,318			2,318
	Future Eisteddfod		Events					83,000			83,000
								142,319			142,319
	Unrestricted Funds					106,000		82,872			188,872
	Balance					106,000		225,191			331,191

econciliation ofnet	m	ovement	In funds to net c	ash flow from operating act	ivities
				Unrestricted	Restricted	2021	2020
				funds	funds	Total	Total
Net movement in funds				76,054	84,135	160,188	(29,635)
Add back depreciation		charge		853	5,656	6,509	7,081
Deduct interest income		shown	in	(34)	(6)	(40)	(402)
Decrease (increase)	in stock			611		611	(1,967)
Decrease (increase)	in	debtors		22,527	5,755	28,282	(96,703)
Increase (decrease)	in creditors			(26,580)	57,613	31,033	283,614
Net cash provided by (used In)				73,430	153,153	226,583	161,987
operating activities
upport Costs
				Unrestricted	Restricted	2021	2020
				funds	funds	Total	Total
Commercial Salaries	&Staffing		Costs	47,463	74,188	121,650	96,624
Marketing Activities				562	7,414	7,976	15,865
Office Costs				36,612	8,088	44,699	27,210
Consultancy & Legal Costs				42,335		42,335	34,017
Banking &Administration Costs				7,190		7,190	23,831
				134,161	89,689	223,850	197,547

LLANGOLLEM INTERNATIONAL MUSICAL EISTEDDFOD ITHEI la company limited by guararbteel .GMNO.GW44 28