2020-08-31-accounts - Lichfield Festival Limited

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				Page
Reference and administrative		details of the charity, its trustees	and advisers	1-2
Chair 's statement
Trustees' report				4 —7
Independent examiner	's report
Statement of financial	activities
Balance sheet				10
Cash flow statement
Notes to the financial	statements			12-20

forthe year ended 31	Au ust 2020
Patrons	Valery Gerglev
	Michael Fabricant	MP
	julian Lloyd Webber
	Tony Hadley
President	lan Dudson
Vice Presidents	Sir Anthony BLady Bamford
	The Hon 6 Mrs Hugh		Gibson
	Mrs George Inge-Innes-Lillingston
	Mrs Frances Lang
Trustees	Colin Walker
	Debar ah Jagla
	Clair e Lue (appointed		on	10March 2020)
	Raymond Mansell
	Claire Tetley
	Simon Warburton
	Helen Wiser, Chair
	Helen Emery (resigned		on 10		March 2020)
	Dt Kate Romano
	David Shaw
	Andrew Fletcher
	Adrienne Swallow	(appointed			on	6 May 2020)
	Chloe Hawkins (resigned			10March 2020)
Company registered	01592012
number
Charity registered	512201
number
Registered office	Donegal House
	Bore Street
	Lichfield
	Staffor dshir e
	WS136NE
Secretary	Colin Ablitt
Festival staff	Festival Director —Damian			Thantr		ey
	Operation Manager	—Natalie			Haslam
	Development Director		—Caroline			King (resigned		on 31August 2020)
	Logistics Manager	—Dawn		Markwelf (resigned			on	31March 2020)
Accountant	Clear Accounting
	31London Road
	Lichfield
	WS149EP

fortheyearended31Au ust 202	0
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020	2020	2020	2019
	Note				E
Income from.
Donations and legacies	2	90,872		90,872	139,238
Charitable activities	3	25,428		25,428	169,632
Total income		116,300		116,300	308,770
Expenditure on:
Charitable activities	4, 5,6	105,555		105,555	308,278
Total expenditure	7	105,555		105,555	308,278
Net expenditure before other recognised	gains and losses	10,744		10,744	492
Net movement in funds		10,744		10,744	492
Reconciliation offunds=
Total funds brought forward		3,875		3,875	3,383
Total funds carried forward		14,621		14,621	3,875

Cash flow statement
fortheyearended31Au	ust2020
				2020	2019
			Note	f	E
Cash flows from operating	activities
Net cash provided by operating activities			16	12,976	1,337
Cash flows from investing	activities
Purchase of tangible fixed	assets
Net cash used in investing	activities
Change in cash and cash equivalents		in the year		12,976	1,337
Cash and cash equivalents	brought	forward		33,702	32,363
Cash and cash equivalents	carried forward		17	46,678	33,702

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2020	2020	2020	2019
							E
Sponsorship	and		donations	59,030		59,030	129,689
Grants and	public		bodies	31,842		31,842	9,549
Total donations		and legacies		90,872		90,872	139,238

		Festivals	Restricted	Total	Total
			funds
		2020	2020	2020	2019
		E	E		E
Artist fees		3/79		3179	114,400
Event costs		26,885		26,885	85,185
irrecoverable	VAT	5,862		5,862	16,658
Learning and	participation				53.87
Wacles and salaries		28,427		28,427	42J.55
National insurance					739
Depreciation		18		18	86
Total direct costs		64,371		64,371	264410

		Festivals	Restricted	Total	Total
			funds
		2018f	2018 E	2018 2	2019
Establishment	expenses	7483		7383
Donations to	local charities	4,000		4,000
Consultancy	fees	24,790		24,790	29,227
		35,973		35,973	41,078

							Staff	costs	costs	costs		Depreciation	Depreciation	Other costs	Total	Total
								2020 2					2020 E	2020 2	2020f	2019 E
	Festivals						28,674						18		100.345	306,488
	Expenditure		on governance												5211	2,790
							28,674						18	76,864	105,555	308,278
8.	Analysis ofresources expendedby activities
												Activities
												undertaken		Support
												directly		costs	Total	Total
													2020 2	2020f	2020 S	2019 2
	Festivals											64,371		413.84	105,555	308,278
9.	Net incoming resources/			(resources		expended)
	This is stated		after charging:
															2020	2019
															E	E
	Depreciation		of tangible		fixed assets		owned		by		the charity				18	86
10.	Staffcosts
	Staff costs were as			follows:
															2020	2019
															2	2
	Wages and salaries														28,426	41,989
	Social security		costs													739
	Pension costs															166
															28,426	42,894
	The average	number		of	persons	employed		by		the company			during the year was as follows:
															2020	2019
															No.	No.
	Festival staff														3
	No employee	received remuneration					amounting				to	more than 260,000 in either year.
																Page 17

Unrestricted funds	Unrestricted funds	Unrestricted funds	—31August	—31August	—31August	2020	Brought	Incoming		Carried
							forward	resources	Expendituref	forward E
General funds							3,875	116,300	Q05,555)	14,621
Restricted	funds	-	31August 2020				Brought	Incoming		Carried
							forward	resources	Expendituref	forward E
Restricted	funds
Summary	offunds		—31August			2020	Brought	Incoming		Carried
							forward	resources	Expenditure	forward
										E
General funds							3,875	116,300	905,555)	14.621
Restricted	funds
Total funds							3.875	116,300	905,555)	14,621
Unrestricted funds			—31August			2019	Brought	Incoming		Carried
							forward	resources	Expenditure	forward
							E		E	E
General funds								308,770	(308,278)	3,875
Summary offunds			—31August			2019	Brought	Incoming		Carried
							forwardf	resources	Expenditure E	forward
General funds							3,383	308,770	(308,278)	3,875
Reconciliation ofnet movement					in funds to net cash flow from operating			activities
									2020	2019
									E	2
Net expenditure		for the year (as per 'Stcrtement					of financial activities')		10,744
Adjustment	for:
Depreciation	charges								18	86
Decrease /	(increase)			in debtors					57,746	(35,788)
(Decrease)	/ increase			in creditors					(55,535)	36,549
Net cash providedby				operating		activities			12,976	1,339
Analysis ofcash and cash equivalents
									2020	2019
										E
Cash in hand									46,678	33,702
Total									46,678	33,702
										Page 19