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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||||||||
##
##
|forthe yea|r ended 31A|u ust 2020|||
|---|---|---|---|---|
|independent|examiner|Mark Gurney|FCCA||
|||Dains LLP|||
|||St Johns Court|||
|||Wiltell Road|||
|||Lichfield|||
|||Staffordshire|||
|||WS149DS|||
|Bankers||National
Westminster||Bank Plc|
|||47 Market Street|||
|||Lichfield|||
|||Staffordshire|||
|||WS136LE|||
|||HSBC Bank Plc|||
|||49 Market Street|||
|||Lichfield|||
|||Staffordshire|||
|||WS136LA|||
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|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|
##
##
|Balance sheet
asat31Au
ust|2020|||||||
|---|---|---|---|---|---|---|---|
||||||2020||2019|
||||Note||E||E|
|Fixed assets||||||||
|Tangible assets|||||||18|
|Current assets||||||||
|Debtors||||12l96||69,943||
|Cash at bank and|in hand|||46,678||M,702||
|||||58,874||103,645||
|Crecfitors (amounts|falling due within|1year)|13|(24,253)||(99,788)||
|Creditors
(amounts|falling due after 1year)||14|(20,000)||||
|Net current assets|||||34,621||3,857|
|Net assets|||||14,621||3,875|
|Charity funds||||||||
|Unrestricted
funds|||15||14,622||3,875|
|Restricted funds|||15|||||
|Total funds|||||14,622||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|
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|||||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|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2019|
|||E|F|
|Ticket sales|||132,790|
|Sale of merchandise|and other fundraising|25,428|36,742|
|||25,428|169,532|
##
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##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2020f|2019
E|
|Accountancy|fees||250|800|
|Independent|examiners fees||1,850|1,750|
|Professional|fees||3111|240|
|Total cpvemance||costs|5@11|2,790|
|||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|
##
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##
||||||||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|
##
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|11|Tangible fixed asse|ts|||
|---|---|---|---|---|
|||||Furniture,|
|||||fittings and|
|||||equipment|
|||||2|
||Cost||||
||At 1September 2019|||8,826|
||Additions||||
||At 31August 2020|||8,826|
||Depreciation||||
||At 1September 2019|||8,808|
||Charge for the year|||18|
||At 31August 2020|||8,826|
||Net book value||||
||At 31August 2020||||
||At 31August 2019|||18|
|12|Debtors||||
||||2020f|2019
6|
||Trade debtors||7,896|33,771|
||Other taxation|and social security||4,246|
||Other debtors||4,300|31,924|
||||12196|69,942|
|13.|Creditors:(amounts|falling due within one year)|||
||||2020|2019|
|||||6|
||Trade creditors||500|S6,939|
||Other taxation|and social security|88||
||Other creditors||23,665|42,849|
||||24+53|99,788|
|14.|Creditors: (amounts|falling due after one year)|||
||||2020|2019|
|||||6|
||Other creditors||20,000||
||||20,000||
|||||Page 18|
##
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##
|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|
##
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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||||||2|
|Unsecured|interest|free loan|outstanding||||20,000|20,000|
|Preparation|and submission||of|statutory|accounts||250|800|
|Payroll processing,||book-keeping||and management||accounting fees|3,098|240|