||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|5|
|Independent
Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial Statements||9|to|13|
|Detailed Statement ofFinancial Activities|||14||
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||||for|the year ended 31 Decembe|r 2020||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|F||
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies|||||68,552|87,851|
|Other trading
activities|||||10,641|35,225|
|Investment
income|||||31|71|
|Total|||||79,224|123,147|
|EXPENDITURE ON|||||||
|Raising funds|||||76,242|121,223|
|NET INCOME|||||2,982|1,924|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought||forward|||34,276|32,352|
|TOTAL FUNDS CARRIED FORWARD|||||37,258|34,276|
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|North|Wales International
Nluslc
Festival Limited|||
|---|---|---|---|
||Balance Sheet|||
||31 December 2020|||
|||2020|2019|
|||Unrestricted|Total|
|||fund|funds|
||Notes||F|
|CURRENT ASSETS||||
|Debtors
Cash at bank||4,785
65,758|9,320
36,260|
|||70,543|45,580|
|CREDITORS||||
|Amounts
falling due within one year|10|(33,285)|(11,304)|
|NET CURRENT ASSETS||37,258|34,276|
|TOTAL ASSETS LESSCURRENT LIABILITIES||37,258|34,276|
|NET ASSETS||37,258|34,276|
|FUNDS||||
|Unrestricted
funds||37,258|34,276|
|TOTAL FUNDS||37,258|34,276|
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|INVESTMENT INCOME||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020||2019|
||||||||||F|||
|Deposit account interest||||||||||31|71|
|TRUSTEES' REMUNERATION||AND|BENEFITS|||||||||
|There were no trustees'
remuneration
ended 31 December 2019.||||or other benefits for the||||year ended 31|December|2020 nor for the
ye||
|Trustees' expenses||||||||||||
|There
were
no
trustees'
31 December 2019.|expenses|||paid|for the year||ended|31 December|2020 nor|for the year
ende||
|STAFF COSTS||||||||||||
|The average
monthly
number ofemployees|||||during|the year was||as follows:||||
||||||||||2020||2019|
|Management
and administration|||||||||1||1|
|No employees
received emoluments|||in|excess of||F60,000.||||||
|COMPARATIVES FOR THE|STATEMENT||||OF FINANCIAL||ACTIVITIES|||||
||||||||||||Unrestricted|
||||||||||||fund|
|INCOME AND ENDOWMENTS||FROM||||||||||
|Donations
and legacies|||||||||||87,851|
|Other trading
activities|||||||||||35,225|
|Investment
income|||||||||||71|
|Total|||||||||||123,147|
|EXPENDITURE ON||||||||||||
|Raising funds|||||||||||121,223|
|NET INCOME|||||||||||1,924|
|RECONCILIATION
OF FUNDS||||||||||||
|Total funds brought
forward|||||||||||32,352|
|TOTAL FUNDS CARRIED FORWARD|||||||||||34,276|
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|TANGIBLE|FIXEDAS|SE|TS|||||
|---|---|---|---|---|---|---|---|
||||||||Fixtures|
||||||||and|
||||||||fittings|
||||||||F|
|COST||||||||
|At 1 January|2020 and|31 December 2020|||||2,043|
|DEPRECIATION||||||||
|At 1 January|2020 and|31 December 2020|||||2,043|
|NET BOOK|VALUE|||||||
|At 31 December 2020||||||||
|At 31 December 2019||||||||
|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
|||||||2020|2019|
|Trade debtors||||||4,785|9,320|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||||
|||||||2020|2019|
||||||||E|
|Trade creditors||||||8,260|8,288|
|Social security and other|||taxes||||1,016|
|Accruals and|deferred|income||||22,305||
|Accrued expenses||||||2,720|2,000|
|||||||33,285|11,304|
|MOVEMENT|IN FUNDS|||||||
|||||||Net||
|||||||movement|At|
||||||At 1/1/20|in funds|31/12/20|
|||||||F|E|
|Unrestricted|funds|||||||
|General
fund|||||34,276|2,982|37,258|
|TOTAL FUNDS|||||34,276|2,982|37,258|
|Net movement|in funds,|included||in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||P||F|
|Unrestricted|funds|||||||
|General
fund|||||79,224|(76,242)|2,982|
|TOTAL FUNDS|||||79,224|(76,242)|2,982|
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|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/1/19|in funds|31/12/19|
|||||E|E|
|Unrestricted||funds||||
|General|fund||32,352|1,924|34,276|
|TOTAL|FUNDS||32,352|1,924|34,276|
|Comparative|net movement
in funds,
include|d
in the above are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||F||E|
|Unrestricted|funds||||
|General fund||123,147|(121,223)|1,924|
|TOTAL FUNDS||123,147|(121,223)|1,924|
|A curren|t yea|r 12months
and prior year 12|months
combined
position is as follow|s:||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/1/1 9|in funds|31/12/20|
||||F||E|
|Unrestricted||funds||||
|General|fund||32,352|4,906|37,258|
|TOTAL|FUNDS||32,352|4,906|37,258|
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as follows:|
p y|
|,
||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||F|F||
|Unrestricted|funds||||
|General fund||202,371|(197,465)|4,906|
|TOTAL FUNDS||202,371|(197,465)|4,906|
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||for the year ended 31 Dec|ember 2020||
|---|---|---|---|
|||2020|2019|
|||f.||
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations
and sponsorships||17,300|25,266|
|Grants||40,681|62,585|
|Job Retention
Scheme||10,571||
|||68,552|87,851|
|Other trading activities||||
|Boxoffice receipts|||24,035|
|Programme
and records sales|||1,515|
|Programme
advertising|||2,850|
|Receptions
and fundraisers|surplus/(deficit)||5,608|
|Friends subscriptions||1,127|1,217|
|Virtual Festival donations||9,514||
|||10,641|35,225|
|Investment
income||||
|Deposit account interest||31|71|
|Total incoming
resources||79,224|123,147|
|EXPENDITURE||||
|Other trading activities||||
|Artists fees||19,188|41,922|
|Artistic directors' fees||15,000|15,000|
|Staging 8 Hire||720|8,134|
|Dean and Chapter ofStAsaph Cathedral||550|4,560|
|Performing
rights||3,395|1,570|
|Event expenses||3,709|1,983|
|Volunteers|||4,000|
|Education
project costs||1,100|7,002|
|||43,662|84,171|
|Support costs||||
|Management||||
|Administrators
wages and expenses||23,414|22,791|
|Insurance||798|888|
|Telephone||195||
|Postage and stationery||96|309|
|Advertising
and marketing||5,565|9,912|
|Motor and travel expenses||136|474|
|Bank interest and charges||210|432|
|||30,414|34,806|
|Governance costs||||
|Accountancy
and legal fees||2,166|2,246|
|Total resources expended||76,242|121,223|
|Net income||2,982|1,924|