awltynumbeTr 5k201
Llchfield Festival Limtted
Trustees, report and financial statements
for the period ended 31 December 2021

Lichfleld Festlval Llmlted
(Acomp(vy Ilmlt•dbygutyuntso)
F￿feren￿ a(knhlstratlvg dgtalls of charity. its trustse5 oomsgrs
chOtr￿ statemant
Trustees, rerA)rt
Inde￿ndent gxgrr4r*es r¢p)rt
Siotemeftt of flncnclol a￿v￿e5
Bdow sheBt
Notes to t￿ flnondal 5totsments
]2-21

Lichfleld Festlval Umlted
(Acomp<myllmlt•dby guaru*M)
forth•
erlod•nded31Dec•mb•r20a
Potroni
Emrna Brtdswaier
Julkx) Lloyd Webber
choel Fctsi¢(y)t
Tony Hcxley
Dudson
Vk• Pr•thl•Thts
Mrs Frances Long
Mrs Insv-Innas-LIUlyton
Lord 8 Lady Bomford
Th8 Hon 8 GILEon
Helen Wser, Chdr
Adrfenne gwdlow
Androw Hetcher
Clalre Lue. Trgctsu￿r
aalre Tet*y (res{￿ed 21 May 2cei appointed 10 June 2021)
Cdln Walker
d￿(
Dgtx)roh Joao Ireslgned on 17 2QO
t)r K¢Jt& RorrK)no
FbyrrK)rid ￿n$011
Srr#Jn W(rtJurton
5]2201
Donesyjl House
8ore Slreet
Llchfleld
Stoffortshirg
W&3 6NE
Colln A￿ltt
Festival Dlrertor - Domlffi Thantrey
H8od of Develowrent - Corokne ￿n9
Operotions Monospr- Natolle HO￿arn
aeor Accountlng Llchfiold Llrrlted
3L Lonthjn
Llchfteld
WS14 9EP
po￿1

Llthfield Fesuval Llmlted
(ACtynP￿Y 1lmltsdbyg￿r1mtw)
f(Yth•
•nd•d31D•cember2021
Mark Gjrney FCCA
Dalns LLP
St Johns Gyjrt
WMtsII Rotjd
Llchfleld
Staffordshlrè
514 9DS
Notlcrnl W8Stmlnster Bunk PIC
47 MorkBt Street
Llchfleld
Staffordshlre
8LE
HSBC BankPIc
49 Markgt Street
Llchfidd
Staffordshtre
6LA
Poge 2

Lkhfield Festlval Umlt•d
(Acompuryllmlt•dbyg4Wmtq•)
forth• •rtod•nd•d31DK•mb•r8fA
bYpwrrnty￿￿*j1￿f1
Fihnvy¢ru5tsvWrtrsit¥*Thtrtsfir*tim?thwM* Cfbt•ts8ty&rtsCwdbrrAWtl•rwcrld taO*¢Jrd3tlllnetrlya120.
*ia5extrWfdy￿1r￿&wj1VvjwèOltl0POt*tN&b￿TStspw4vX￿éffi%trjr#0tTrOHts1nthj￿thWrt W•(redWp(iTht*Jtlb*A**f,(
hwtyJRgrt*lsv￿I b•thocufWv'$firurkly￿￿. tob*
r87wvesto£￿O50. Althr•oF*4tlvdEV￿Fx￿￿b.￿[tht￿*SJT￿￿F¢at￿dprr¥￿￿rythsPwyJKAIts1*￿prClTt(knlty*¢O1wbCc￿￿bV
to819￿m￿. ￿kus￿e￿O¥*Y￿ppcrt1v￿TrI**
taThthW0￿prc(Ithlxr40th*T￿{VOrstyY rdBbratlw*
workJryos¢PrV(TnprM￿0 ￿t￿￿•F￿￿¥d4rnclyrb￿dS4E(*tL￿X4rnry￿ BrW(n
W•(rolti*fcrnvd tothg40thoy¥w￿yFe￿t￿dl￿a)22*tithPty5trfILrtebotht&t1*ly1¥n50X1￿￿txYoflh•Fs$tlV0I-l￿￿IrytsW￿y
aa*d r(K4¢r￿￿￿¢1th9bS7t 0ftF*40thsaXnt*rttkp￿￿UC￿f**thrfth￿FQ￿t￿￿8T￿qTrt0a￿I￿j1 bBEegn(xwwwent$inlE
tFwrr0xh￿pP
P¢4v 3

Lichfield Festlval Llmlted
(AcomparyIlmlt•dby9u(r￿tra)
Tnwte•s'repwt
forth• rtodended31Dec•mb•r2(
Th9 Trustees wesent ther onnuol raport tospther with tha independantty exanrynod finanad statements of
Li¢hf191d Festivol Lirruted for the period ended 31 De￿rnber 2021 As tha company qualbfies os Sn￿11 under
section the str(rt0gc rep(rt required of medium ond wmponies under The CotrpJnps Act 2
(Strats9ic Reptxt and Dlrgctorfs PeFX)rt) Fwlotions 2013 Is not required.
The chorlty¥ Troin obiectw is to promrte. in¥1￿, 8nsDsp und educotiorn in the Arts throu￿ the
productK)n of Festivds and like $v8nts- currently an onnud multl arts &Jmmer Fesbval. a Literaturg
Festival ond u Chomter Music Weekèr¥J in the Autumn.
a) lknil•wof ￿tt¥ll1•S
Lkning the year. thero w05 on increase In totd income of £229,46a whith orose from on increose in
tharitatle octlwties. to the èasAngof restrictK)ns Imposed around thé Covid-19 crisis. Expendtture wa5
Incrgased from th9 previous year ty £I72.180, Ogjin due to on inrxaase in activ￿e& ond as such the net
effect was that incon* exceedgd expenrthture by É68.ce8. resulting in ￿ in¢Tegse in totd re￿￿$ from
£14621to E82.6SI
The Trustees tha fdlowlng key perf0rrfon￿ indmtors to rr￿SUre manas* the perforrrxince ¢Jf the
compJnVs Indlviduol octlvlties..
- Percent¢p of seots sold for Indrvldud events
- Percent• of seats sold for indv4dual venves
- Ratio of Uckets sold to ortists, fees
- Proftiokility of indmdual f&stwols l&mnpr. Literoture and Chomkr)
The Trustees hove eoch recèived ¢x)ples of the Chority CorThrission &Jldelwies on PulJl¢ Benefit this
now forms port of the Induction Podcfor New Trustees.
Tha Public Benefrt promdad by thg charity include&.
- Increa￿8 th8 d8pth ond ouolity of peoF4e's culiurol experiencgs
- Increoshs opportunities for youth through o YoungArtlst series
- Creotlng o widtrrongng LeomSng and Participat￿n propmme for bcol and widgr resiond corrwNr#ty
sroups and sthooLs
The benefdorie5 are all membgrs of the pU￿1C and 0￿55 Is gnoljed (Js foll¢>v
- Throu* ronc8ssionary tic￿￿ sthemes
- Wthout chorga to frfjg events
- ￿1 oreos of the festtvol are wheelchair Or￿5￿b
Pose 4

Uchfield Festlval Llmited
(Acomp<myllmtt•dbyguarn•th)
forthe erlodended31Dec•mbw20
Fb￿n¢• R•vl•w
0)13olr8 con¢•m
Covid-19 hos undoubtsdw had a slwlfflcant irnp￿ UFxJn the ¢Jperations of the cJJrrwmy thrw*out the ￿st
tsvo flnonaal ￿rIod& however. the ¢]bil¢cy of the corr¢wmy to be oblg to resume r￿)r￿1 operotionol acbwt*s
without rastricbon wthin the next ]2 rTh)nths looks hopeful. Tho corrpany h05 a stron9 cash bolanc8. and a
rO￿st 12-rmnth forecasting pfoM5k)n. The c(ryanWs cost tOs9 Sn a norrrnl 4)erotional year indude5 a
smoll ￿r¢entast of fix8d c05t4 whth are a￿0 to be covered by the year end cash bdonce. After
considerotion of these foctors. the Trustees hove reosonabk expectation thot the corrwry has more thon
athqu(rte resources to continu& in 0￿ratIonal existance for tho next12 ￿K)nthS
At & ￿¢8M￿r 2121 there were reserves of £82.6￿ The reserves wer& oll unrestrfctsd and formgd tha
basis of working copltal Wng f¢yword. The level of reserws oi the ￿Or end are not consdered adaquate
the bn9 tem The Trustses have est01￿lshed the lèvel of resems (thot is those funds thot ore freely
Q￿lkJL4e) that the outyt to have. and considers thls to £1642IX) (in line wlth the reserves Folicy.
whith requlres the level of reserves to cover ICI)X of forecost fixed costs for the next E Tr￿nths, ond 25%
of forecost Vario￿e costs for thg next ]2 n￿th5}.
The current a￿e1 of reserves is £82.6￿ (2￿Q £1462u tt is th9 Trustees. vlew that it is prudent to enwrè
thot there are suffbent reservps to provth finanaol flex1￿1￿ over the course of the forthtynirByear, os
we tentativety our wuy out of th* re5triciK￿5 foced in recent t1Th5. Planned future income. glons5id8
constont eontrd of costs will 8nsure that the chortty will contlnue to sufflaert r&scyJros to m8et iv
choritable obigrtives for thè foreseethle futu￿.
c) Clwng•ln¢Kcowthgr•f•rnn¢•th
Duè to restrictions ￿c￿ed uwn operationd octiwties wrt of the CoMd-19 ￿4￿d￿MIE the FAanngd
Literotura Fe5tivd in ￿rth 2020 was not ab￿ to toks FjO￿ until Sgptember 2(EL Irs order thot finonaol
P8riods rerTh]in as o)rfP]rab￿ 05 FKIS￿tIe (Le. indude ono &Jmrrer Festwd gnd one Lltgruture Festivol) o
decision was tgkBn to chu5* the accoun￿n8 period in Ihe with th8 colendar yecr. These rint￿Ck)I
stotsrTpnts are thgr&fore wawred for o 18 month period
The otyeci of the compony is to pr(Yr￿ts Tha Lirhfiekl Festlvol and assodoted event& Tha
compary Is regstered os a o)mpony Imtted l¥ svorantee ¢Jnd was IncorForoted on 16 Ortc*Jer J98L Tha
corr¥)ony wos re9Stered os a Ch￿ty on 7 Jgnuory 1982 wrf(h the charity nurT4Jer &22CI The comp(Try 15
swerned under its M8morondum of A55(XK]tk)n ond Arbdes of Asso(iotion dotsd 16 Ortober ]98l ond
om8ndgd 22 ￿rth 2(JA
Trustses ore aFpc4ntsd from arTr)n* the m&mborthp of tha corrwny at the A(X Tha Trustse5 hav8 the
power to appolnt (xldTtional Trustees to fill ca5uoI vocandes. but only rotaln Offi￿ untH the next AGM at
whith timè they will thèn be eli9ble for re-election n osreement with the Artides of Assoa¢)tKin. One third
of the olrectors retire ot the AGM. but are ellgble for re-019Ction.
Pos* 5

Llchfield Festlval Limlted
(Acompanyllmlt•d by8u￿r￿a)
TnThts•s' rnport(c¢)ntlnu•d)
forthe rfod•nthd31LYoc•mb•r21)21
The in(luctlon troinlngfor rewly opp¢intod Trustses cornp4s0s an inttk)I m8etlrywith thg Board of Trustses
Ct which o pock Is provided. Thls inclu￿5 o copy of the sDveming docuThnL o copy of the most recent
nuol report and finanad stotsmants. o copy of the rninutes of p￿I￿OuS Trustse rnetinsE ond o copy of
the Chcrity C(mmi55ioners ￿ick)nCe Tha Essentiol Trustee.. period1cd￿. the core leodership group of the
company Cindudng existing ond newly opwintsd Trusteas) ottendèd sDVemOn￿ tralning d¢)ys whith ore
benrficlal.
d) PaypJkyfors•nkx*to11
The Trustees cre responsiblg for wowdiTVa dSrecbon to the charity and thls work Is CCTrisd out free of chars*
for k)oth time ond exppnses The Festival Director Is onwd on on ¢nnud basis at rrp2rket r<rtes to desiw
the Festivol prosromme. The Trustses thm to poy o fuir sal¢Ty to attroci ond retcin 5klllgd and eX￿rt stoff.
Sokjries and benefits ore d8signgd to te compautive witswn the Chwt0￿e se¢tor and wokx)rtionote to the
comjexity of each rde. lJJrfn9 the Ferio4 the Boord of Trustees forrnd an HR &JlTrCommitt8e and o
policy creaied to fomolise poy reviews os pjrt of the approls01 pro￿5&
The Board of Trustees comwses not less thi￿ 3 ond not rrwe thon 15 Mern￿rs. The Board meets at
leost quarterty with sewr(Jie sub-corrvTwtt¢8s of rebvant Tru5tggs coverins Fin&ice. ProJamming HR ond
Fundraisin9
A professioryjl te0￿ Ped by the Fesbwjl f￿rectOr, corry out the thily opera￿onS of the Festival, reporting
r￿feCtlY to th& Choir ond Board of Trustee& Throu*out tha yec￿. ond •S￿CIallY durin9the FestTval, the
colnpany benefits frcm con5ideroblg support of the Lichfield FestNal Friend5 Iryaviou￿¥ as
Lichfuld Festival Asy)ciotion) ond the assisLanc9 of a substantiol numbar of volunteer5.
e) M￿M￿r￿9•m•nt
The Trustees h¢M assessed tho moTrir risks to which the comp)ry is ex￿*￿. In purtialar those raiatsd to
the roaraiions and flnances of th8 compony, and cre sotisfied thot systems ond ￿dureS are in to
m￿s0t8 exposure to thg rrniJr r45k5.
The Trustses rTrJintdn a Flsk Wtar whith is rewewed rwlthy. with hi* rtsk or $ènsitNe items
fla￿d for dlsojsslon ot Board Meg￿n
Over the next year. the Board pl￿r￿ to maintain the current18vel of ￿serveS throug) continuous cnd
rI￿rOuS oversi*t, continuiry with the somawhot reduced remlt of the Festivd in terms of nurtjer of
perforrrK)nces I cnsKJin9 projec& continuins to raise the Festivol'5 F*ofila to incre¢)se funding and produce a
propmme thot derrrf)n5trotes l>)th ¢orr￿￿ra01 ¢Jppeal ¢*d crtistic intewty. Further Inform(Jtion can
found in the Chai￿$ stotement
Page E

Uchfield Festival UmitAd
(A¢wnpanyllmlt•dbygu(Trmt••)
forthe erfod•nd•d31DK•mb•r2LPI
The Trustees (who ¢Tr dso dreciors of Lithfield Festival Llmlt8d for the purposes of coMp￿Y law) (re
responslkje for preporing the Trustees. report ¢7nd the finonaal stoteTrEnts in ¢]ccordan￿ with oppllcable
low 137d Un￿d Kin*om Accounting Standards (United ￿n￿orn &nerolty Accepted Accounung Practicex
CorryJ]ny low requires th8 Trustees to preporp finanual stutemgnts for each finonaal ￿ri0￿ Under
comwny Icw the Trvstees must not approve the finonaol state￿Ents unless they ore soti5fied thot they
a true ond far vigw of the stote of affairs of the charltoble comFxJny and of the incoming resour￿$
ond ￿lCation of resources I￿lUding the income and expenclture. of the thoritable cOrry￿nY fcf thot
periixl. h preForins these finanaol st(yierronts. the Trustees are r9qiiired to:
- sulta￿4￿ occountln9 Kx>lpoes and then Op￿Y them consistentSy
- Observe the meth¢¢J5 and win0p￿S in the CharittGs S)RP 2019 (Fts Ice)
- Make judpm8nts ond accountins estlmotes that ore reasomblÈ cThY prudent
- sta￿ whether opKAicgtde C￿ntin5 stondords have been followed subject to any moterial departurgs
cfL5dosed and oxrjtined in the financial stuternents
- Prepare the finonaal stotements on the 9in9 ¢0￿M bcjsls unless It Is inapproprltite to presJrr* that the
charttoble CO￿ will continu& in operoti
The Trustees cjre r&S￿n￿lE1e for kwping adequote aCC￿￿tIng words that ¢)re suffiuent to show ond
explain the tharitoble comp)ny's trornctions ond disdose with reasonotde accur¢xy at any tirTE th8
finonaol position of tho thoritalje compgny and engtle them to ensure thui the finonool statements
¢Orry)￿ wth the COM￿]nIeS Act 21116. Thay ore olso ￿S￿nsIb￿ for safegJ¢Tdins the ￿ets of th8
charitoble comFKJny rmd henco for taking reosonabb step5 for tha yevention ond detecuon of fraud ond
other irresuk]ritie&
The Trustegs a￿ reS￿nSIble fcf the molntenano ond Inte￿4ty of th8 cortx)rote and finanaal infcxrrKition
I￿uded on the chorltoble comwnvs websito Le9slation in the Unitsd fin*om 9)verningthe preparntion
ond di5seminoUon of finonoal statsmgnts may differ from189slotion in other jUriSd￿On&
In preparing thls repcrt, the Trust895 have takgn cx)knntasB of the Small componies &xtrmptw provldpd
tion ￿&4 of the Corrp]nies kt 21x6.
This ￿port w¢s approved by the Trustees on 23 Morth 2022 ond swed on their teholf by..
H•l•n Wh•r.CTh
Pa￿7

Lichfield Festlval Llmlted
(Ac¢)mpcmyllmltedby8uwty)ts•)
Ind•p•ndent•xarnln9￿srePQrttOth• mombersof Ll¢hfleldFestlval Umltod
forthe erfodwth31D•cernbor2QRI
I rer•Yt to the chority tru5tses on my ex(thncrtKJn of lJ)e accourts of the comty]ny for thg period ended 31
December 2￿1 whith ora set out on posps 9 to 2L
R•win**l8•undI￿￿olr•pQrt
As tho charity trust8es of thè company (and aLw ts (tireciors for the kxJrF¢)ses of corrwny lawl VDU ore
resFDnslbla for the weparotion of the rxcounts in 1xc0rthn￿ wTth the requlr•rr*nts of the CompMEs Act
2CC6 Cthe 2(X6 Actrl
ing sutlsfwd myseff that the ottounts of the comwny ore not rewirad to be oudEted under Port16 of the
2¢XE Act <Jnd ora elisible for independent exorrtnation. I rgFQrt in rnspect of my examinoUon of your
corryxjny's ¢xcounts as c¢7rl8d out under section 145 of the Chorities Aet 21Jl ('th8 2CqI Act'l In 0]r￿n9 out
my gxomination I hove fdlowed the Directions gven by thg Charity Commis5KJn under section 145(S)(b) of tt79
20llA¢L
Snce the comFnnYs STOSS Incorro exc8gded £2SIOJ) your examiner must o Thmber of a tKdy listed In
sectKJn L45 of the 20JI ACL I confim thot l am qU0￿rIed to undertake the exominotlon becousa I crn o merrt*r
of Institute of Chartered Account<Jnts In Enggnd ¢Trd Wales whid) Is one of the liste(J bod0&
I ho￿ ￿m￿letsd my &xorrinrtiork I c￿fIrM thui no matters have com8 to my (rttention In connectth wlth thg
examination yvlrs ¢ause to beli•￿ thot In ony motsrid respoct..
L o¢countins records were not kept In respeci of the (Dmpany os roquired by section ￿6 of the 20CE A£L. or
2. octt)unts do not ¢xcord wf(h those records. or
the accounts th) not comply with the crcwnting rerwlroments of section 396 of the 2CK% Act other th
any rgquirement thai the accounts gve a true (￿d fair wgw. whith is not a matter consldered os part of on
indepgndgnt eXa￿V￿atiOn.. (x
4 the cKcovnts hove not been prepared in acth¢Tsce wth the method5 ond wntipl&s of the Statement of
Rery)rrmended practi￿ for occountlns oncl reportlng by thorltles aPFJlculJe to charities we￿￿8￿81r
accounts in o¢cordanre with th8 finonciol Reportingstrjndord opplicobb in the UK Republic of kelond (
I hove no COn￿mS (Yd have coma orm5s no other rrK)tter5 in connecdon with the examinabon to which
crtiention should be drown in this in crdgr to enoEJe a proper under5tand.ng of the accounts to be
ached
MarkGum•y FCC4
Da1￿ LLP
8kmin￿orn
Pasp 8

Uchfield Fwtlval Umlted
(AcoMpryMmWbyg￿rt••)
(kKOrporgtln8lncam•(Thl•xp•ndt￿{￿e¢￿t>
forthe
odffid•d31Decemb•r20a
Totd
fuThYs
18rnonth
16rnoAth
16mordh
D￿20￿ ai D•c20a 8ID•c2021 81A￿ 2020
Intom•frnm:
17W8
8W48
210.799
134884
90872
2&428
310m7
3BJ46 345763
¢ZtI￿t[es
4&8 a4È
8BJ48
242J89
S55
11744
Totd fund5 tr(*J*tfixword
a875
820WJ
e2OEO
14.821
AJI aCt￿tkn rdot• to eontinulr£ cporoUon&
The notss rm p(￿$ ]2 to 21 frm ptrt of theso fhonckj state￿nt&

Uchfield Festlval Llmltsd
(Acompanyllmlt•dby s￿<1￿￿>
R4lst•red numb•p. 015920J2
31 August
2QO
2021
ran>￿e os5¢ts
84819
100
]2196
46.678
Cash (rt t￿k arld In hand
4970
58874
Cr•dtorn lomounts falling (*Je wthln l year)
(24253)
82Aso
34621
Crndtvrn (amwnts foNln9 dve after l year)
pooxjl
82,650
14621
Unresirlcted funds
Fèstrf¢ted fund5
02050
14621
82WJ
14621
For the wriod ended 31 tknrrtsr 2QL the comwny Is entitled to exemptlon from unr*r *tlon
477 of tha Componles Act 2(XE relatin9 t¢ smull cornpanles
Dlrertors, rospon¥bNltie&'
- The membèrs hcNe not requlred the comwny to obtt¥n on uudrt of Its occounts for the perkjd In
questlon in occordonce with Sectlon 476 of the Componies ￿t 20(E.
- The DI￿rtorS cKthowl6dge their r95ponsily￿tlQS for complWn9wTth the requlroments of thè Act with
respect to (xcounting records and prapuratim of accounts.
The flna
sVJtemants wera q)proved bythe Trustees on 23 Morch 2￿2 and s[￿ed on thelr Leha
t•nWtw.Chdr
The note5 on pasES ]2 to 21 form wrt of these flncmdal stotemen

Uchfield Festival Umlted
(Acompanyllmltedbygumrt•e)
Cathflow stat•ment
forthe erlod•nded31D•cernb•r2021
Net C05h provKled by opgrating activitses
C¢*h51(•w8from knv•81kn8acUvttkns
53Ag5
]2.976
Purthos9 of tanyble fixed assets
a22>
N•tcqthu*dln knv•sthgacdv*J•¥
022)
53A73
48P78
12,976
Cash ond cash equSvolents brought fi)rward
oJ&
46.678
PasB ll

Llchfield Festlval Llmlted
(AcomparyllmltedbY8￿￿j
Notsstotheflnmdal stat•ments
forthe erfodendqd31D•cembgr2021
Lrhfidd Festivci Linlt&d Is a tharftc*j￿ comp]ry regstgrod in Enyond and Wdes The athjress of the
r89stsred gffico is siven h the reference ond administroJon detryls on KW l of thesa finanool stotemertts.
Thg nt)ture of the charty's owrotlons and prinokyJI activitie5 org d8tailed in th8 Trustses, Report
The finanwl stutsments how wewred In aCr0rdun￿ with A£countin9 (YKJ RèForting by
Char￿{￿￿. Statement of F&corrmended Prcrbce opplicolje to charities prep2ring their gccount5 in
ocCordon￿ with the finondal F&sxJrbn9 StcndcKd opp11cak￿e in the UK and Repukjlc of Irelond (Fts
Ice) leffactive l Jry)urxy 2(J9)- (Chorthes SOFP (FF￿ 102)), the Finanod Raportin9 Stondord
oFF4thble In the UK ond PopuNic of Irelmd (FF￿ Tr) and the C(ryorsles Art 20￿.
Lichfield Festiwl Linlted mgets the dgfinrbon of o putlic beneflt entity undgr FI￿ 102. ￿ets and
liobiif(ies ore initiolly recowised ot hystoriujl cost or tron¥Jction volue unle55 0thgrwi5e stgtgd In the
relevont occounting kxskicy.
Thg sI￿1fTc0nt oceounting pdides applied n the preporution of thesg flnonaol 5tgtements are set out
below. Theso poliue5 hove been consistenyy QPFYled to oll pgriod5 Fxeswtsd untess otherwise
Durfng the period the corrpjny chan￿d Its repKJrbng thte to 31 t￿CoMI)er (weviougy 31 Auwst).
The current accountins wriod is therefore l¢)nspr than one y9or. t￿d wrs the from I
Sgptemk*r 2CEO to 31 Decèmber 2￿[
The reasons for the thon￿ in accountitya perfod ore hi*lisht8d in the ￿n(￿¢• R8Mew of the
Trusteas P￿pOrt on
Comporativg amounts we59ntsd in the fincnc￿l stot8ments ore theref(xe not entirdy comprjroble
given the dSffering lengths of the pèriods whlch they cover.
IJ Golrycon¢•m
After mokln9 appropriote enquir1￿ thg Truste￿ have o re0sonab￿ eyctation thui th8 comwny
has adequote r8sourc8S to wntynue in OFWat￿n0l existsnce for o peri¢xl of ot le¢)st 12 mnths frorn
the cknte of approvol of these finrmckil statements F¢x this reason they Con￿nUe to adcpt the 9>ng
con￿rn tosls in pYeFYYtng thg finonool statement&
The comp]ny 15 0 company lirrmtsd by suarontèo. The members of the ￿rrP)ry ore the Trustegs
ncmed on posp L In the ￿nt of the conpany being wound UFX the liatilty In rgspeci of the
arorstse is limlted to £1 per m9rn￿r of the company.
Pa5e J2

Llchfield Festlval Umlted
(Acompany IFmlt•dbygucrant•e)
Notsstotheflnanclal stat•m•ntsfyontknu•d)
forthe
•rlodfjnd•d31Dec•mber2021
l pokknstsonthu•d)
General funds unrostdrtgd fuTrJs whkh are owll¢tAe for usa at th• db(Tetion of the Trustees In
furtherance of the ￿ner04 obJoctNPS of the compony and whth h¢)ve not been rJe51Wt8d for other
purwses. lnvestTh￿nt income. g?ns and tosses orfy ¢lbc¢7ted to the appropriate fun
L8 In￿rn•
Al intorre is ￿c0￿IS8d ono the corrpuny has enttvernert to the ir￿rr* tt is prolxble thct the Inw
wlll be received ond the orrM)unt of Incorn* r￿1VOtI9 con bg measured ￿11￿￿¥.
For189xies, entitlem8nt Is toknn as the ￿rfler of the ¢kne on vlhrh ￿th*tr. the corryony is aw￿ thot
protkJt8 h05 teen srontsd. the estote has b8en findised notification has begn rThJde by th
executorls) to tho Trust thai a d5tribution will be mcxJ&. or when o di5tributlcY7 is recelved from th8
estote. Recalpt of a lesw. in Who￿ or in is only consid9red protrxjble when the wyjunt con I
meosur8d r¥lk]tly and the hos been notifled of tho •xecutor'5 Intention to moke a dstribution.
Where ￿￿]￿eS hove teen notlflerj to tho compjny, or the company is aware of the pntin9 of protxite.
ond the crTterirJ f¢x income witK)n have not been met, then the lesucy ts treatad os a Contin￿Tht
055et ond ¢Jsdos9(I If nTrJteriaL
Grfts in knd donoted for dbtrlljj￿0n ore Induded ot valuation ond recogrysed 05 inconw when they ¢xe
distritthed to the p@ects. &fts donated for are induded as Inco￿ whgn they are sold. Lk*riated
fatilities are Indudgd ot tha volue to corr4)any where this can be quantified ond a third wrty Is
arirs the c05L No fXYK)unts ore fftcluded in the fina￿101 statements for s8rvt8s dJna18d by volunteers.
Donoted ￿CeS or fadlltlgs ore rec¢wlsed when the comFony hg5 control over the ItgrTh ond conditkjns
Qssoaatad with the donated item hove beon the r8colpt of eccnomic benafit from the use of the
itemls probot￿e ond that econorric benèfit con ba ry*g￿red reIti￿y. h accordan￿ with the Chariti8S
sotp [￿ ￿). the sEneral volunteer Urne of the Friends is not reco￿Ls9￿ Please refer to the Trustees.
reF¥)rt fcy more informotw obout their contrbution.
On r￿1p< donot&Y professlonal s9￿CeS and donoted facilitias ore recowi5ed on the tXJSi5 of the vdue
of the gft to th6 cofTpony which is the amount the compony would h(we t*8n willing to poy to obtaln
s&Nres ￿ fadlities of ery￿lent econoFT4c I￿nefIt M the o￿n rThJrknL. a wrrespKJndlng orrajnt Is then
recwis8d In expend￿Vre in the period of receipt.
IncoTh tox recoverab19 In rek]tlon to doncrtlons receN8d undpr &ft AVJ or ¢*eds of ttjvenant is
r8cosmi3ed tyc the tiTh of thg (lonatlon.
Incon￿ tox reco￿r0￿￿e in relotion to investment inccmg Is recwlsed ot the tlrr* the nvestrrwt incorr
is re￿1vab￿.
Other income 15 recw15ed In the period n whlth it s receivctrle to the extent that 9Jods have been
promded or on completion of the serv1￿.
Pos* 13

Lichfield Festlval Llmlted
(Acomp(xyllmltedbygumrtw)
Not•stotheflnanclalstat•rnentstrontlnu•d)
ft>rth eTl¢xlended31DKemb•r2021
13 Eyn*Jr•
Fxpgnditure is recowiswj On￿ there is a fx construrtiV9 olJi9Jtion to transfer aconomic beneflt
to a third purty. it is Wobab￿ thot a tronsf9r of econonThc tengfits wll be required in sethement ond
the amount of the oUigition con bè rr￿aSured rella1￿y. Exponrfitur¢ Is daswfied by acti￿ty. The
Costs of 8och ortivity ore rrKyJ& up of the totol of drart costs ond sh¢xed costs, including 5UPPrt
costs involved in vndertakins eath actiwty. txrect costs ottributobla to a sins4e octmty gre dlocated
thrgrtw to that activity. Shcr#d costs which contrlbute to rnre thon one activtÈy (Jnd Su￿Ort costs
whith arg not ottrlkyjtable to o singe ocbmty are opportioned ba￿een those ¢xtivitSas on o bosis
¢onsistentwlth th8 use of resour￿S. Centrol staff costs are olbcoted on th9 bass of tlm& spen(
and depreciution chor5es olkjcated p)rbon of the ¢wet's us8.
gjpport costs are tkKJse costs incurred directly in SUPFXXt of expenditure on the o*rts of the
compory and ndude projgct man(Egment camd out by the offlce.
Charitab￿ acLfv(tigs and &)vemonce costs are costs incurnd on the comwnvs educati￿01
operatiorns, induding support cThsts ond cosls rdating to the swmance of the corryjny apwjrtljned
to charita￿e octlvitie&
A review for irrpilrment of a r￿ed osset is carr￿d out if events or thonsEs in orCumstan￿5 inthculg
that the carrying vdue of any fixed osset moy not be recoverabl8. SSortfdb betwe&n the corrying
volue of fixed owts and their recover0￿8 crrK)unt are recO￿LSed as impoirments Irrwirm8nt
losses (re reco￿1590 In the %otem8nt of flnoncKJl rxtivities (incorp)roUn9 Inco￿ ond expendture),
omnt
Tansible flxed assets cre c(xrigtJ ot cosL ngt of depreciotion ond cTry p￿￿on for Impiirment.
Dgpreciation is provided ot role5 colculoted to write off the cost of fixed osset& less thglr e5brr*)t8d
du(Jl vdue. over the￿ eX￿Cted usgful lives ￿ the fdlowins bases.
Fwnlture. fittinss ond 8quSprwn(33% strgght line
Interest ￿ funds hdd on deposit is induded when reca￿tAe ond the arn￿nt con ba meosured
reflo￿Y by the compony. this is nornKJky upon notrfication of the intsrest poid or p¢JyatrJè by the
Poye 14

Llchfield Festlval Umlted
(Acomp(ryllmltedbygUlfarte•)
Not08toth•llnanddStat•m•nts(contln￿dj
forthe
•nd•d31D•cember2021
IJO D•btorn
TrchJ9 ond other debtors ar8 racwused at thg sottlemgnt amunt ofter any trode oyscount offered
Prep]yrnBnts are valuad at the cmount FrepJTd not of any tradg dscounts (kn.
ljl C•thatbarthfnlkn hrr
C05h at tmk c￿d In hond Indud9s ea5h and short tgm hlg)W Ilquld Inv&st￿nts wtth o short rThJturlty
of 3 rYK)nths or less fromth& dote of acW15Et￿n or c¥)gnin9 of the dews￿ or stnYkJr ￿COUTrt
u4 LkthTU•8ondwovknkn•
LKJblStios ore recowised when thgre 15 an 0￿59￿￿￿ at the Boknn￿ ShW dote as o result of a p]st
evert it is proLx]Wy that a tron5fer of emrK)rrHC beneflt will te retwired in setUèm?nL and the orTh)unt
of the settlemgnt can te osJrrKrted rallatrjy.
Liakifftlès ore rBw15ed at tha (mY)unt that th8 0)mpJry antTdpates Tt wlll pcry to setls the debt or
cmount it has r¥ceived os tjdvgnced F￿rn￿nts for the gKKls or semos it must FXOVKIe.
pr￿sk)n5 ¢TQ m8tJgJred at th9 best esttrTh]t6 of the amounts requSr8d to the o￿l9)t[On.
Whgre tho aff￿ of the volue of money is mutarluL the wovigion is bcJsGd on the present value
of those amwnt& dscountsd at the we-tox discount rote that réfierts the risls speciflc to the
11(*ilty. Tha vnwindin9of the dlscount Is reCO￿S￿ withln uitsrast p¢ryab￿ s￿nIlar cho￿&
The compcmy only ha5 fIr￿￿￿k)I assets (md flnoncld Kabl￿e5 of a khd that qudlfy 05 flnandol
in5trunwnts. Boslc flnonoal instrumènts ora inltSolly re￿￿TS8d at transortJon value arKI subsequent
rrnasurgd (rt thelr settjerrent volug vAth the gxc&ptK)n of lyjnk bcns whkh tye wbs8Wgnly
meosvred ot ￿K)rtised cost usin9the effèctive inter8St method.
P(F 15

Uchfield Festlval Umlted
(Acompqry Ihnlt•dbyguarants•)
Ilot•stoth•fln(mdal•tai•m•nts(conth)wd)
forthe rtod•nd•d31D•cemb•r2021
2. InaHn•fY#mdDnal*ns¢mdl•g(Kl•o
fundB
fvndB
fund•
funds
18 month
18 month
16 month
Yoar
rtrJd•nd•d p•rknd•nd•d p•rkxl•rKl•d
gnded
31D•c2021
31 D•c2021 31 D•c 2021 31Aug2CeO
g)onsorshlp and dongtK)ns
Grgnts and putjle bodies
129208
48A45
129208
3L842
Totd donotlons ond Iwdes
174853
35140
210799
9Q872
2ceo, of the total hconw from donat￿n5 (md lapaes, £9Q872 wos to unrestdctod funds.
Total
funds
Year
ended
31Au9 2020
furd•
18 month
p•rl)d•nd•d
31t>•c20ei
TlckBt soles
S¢1& of ￿r¢hand[Se and other furrtlrotsins
23283
25.428
1349e4
2&￿8
kn 2ceo, of tho totd income from tharttable ¢xt(vtiie& £2&428 w05 to ktnrestri¢tsd fun(
und•rtak•n
Supwi
Totql
Totol
18 month
18 month
le month
Yeor
pethd•rKl•d p•rbxl•nd•d pw*>d•nd•d
?￿ded
31D•¢20￿ 31 DK 2￿1 31Do¢2021 31Aug 2￿0
FestlwJLs
218.871
6U)84
277735
l(E555
Po99 16

Uchfield Festival Umlted
(Acompanyllmlt•dby guarant••)
Notestoth•flnfrtlal stat•m•nts (contlnu•d>
forth• •rlod•nded31Doc•mb•r2021
Totd
16month
16 month
18 mofith
Yeor
p•rknd•nd•d p•r*)d•nd•d pl￿0nd•d
ondad
31 2021 31D•c 2021 311)•e2021 ￿ Au9 2CPO
rtlst feas
Event costs
Irrec0ver￿e VAT
Wws and sdorfes
Notlonol Insurcnce
PensTon ¢ontdtthons
82mg
74ts2
ieM78
21025
82m9
85N4
12078
34AS
26.885
&862
28.427
12900
881
24
Total drgrt costs
24022
216
64.371
In 2￿0, of the totd othr8Ct costs, £6437Lwas Inujrred In respgrt of fgsttvol& orKJ wos oll
Un￿$trI￿d.
SiwtvJ•ts
Total
18 month
18 month
Year
ended
310•¢2021 31D•c2021 3IDg¢21)21 31 Aug 2ceo
E5tabllshnpnt expenses
t)onotk)ns to bcal charitles
Consultoncy fees
7J83
38.482
43JJ67
7J28
24.790
52ll
900
50340
10?24
8LO84
4U84
In 2020, of the total SUPPKJrt costs. £4184 was Incurred in resFe¢t of fesuvols ¢Jnd was oll
unrastrlcted
Pts39 17

Lichfield Festlval Umlt•d
IAcomponyllmlt•dby3w¢mt••)
Not•stoth•fir￿r￿dfjt￿•ments1C0ntlTh￿d>
forth•
•nd•d31Decemb•r20a
Thls 15 5tiJt8d oFterth¢r*)9
18 month
Year
•nd•d
endsd
gIO•c2021 31Aug2rko
rwodotlon of tongbk f4xgd ¢wt8 th¥n8d th• thorfty
h¢J8Kvthntexorrln8r* fee
L8
St(ffi¢g¥
Yeor
p•rlod•nd•d
ended
8AD•¢Q021 3LALg
Wo• ond sgkjdes
se¢￿ty costs
Penson costs
28*8
34086
28,426
Th8 OV8ros* of Perso￿ ￿T￿0yeCI by the duthg Fertoj wg5 as
erKJ8d
SID•¢2021 31Au92020
Festw Staff
No emF*Jyee r8cw8d rem￿er0t￿n an￿Unt￿9 to nve thrm £80.CCQ kn dthgr wriod.
Posp 18

Llchfield Festlval Llmlted
(Acomptswlknlt•dbygwrimt••)
forth• •rlod•¥W31D•c•mb•r2021
At &P4J9JSt 2trè0
&826
At 8LN¢J9JSt 2r£o
arse for the perirl
&826
24
At 31Ctcembw 2cei
At 31W 2ceo
8IO•ee021 aAug2CEO
a0￿0
7.898
a4018
12.196
¥ID•Eaoei SIA￿￿0
Trudt (Tedlb)rs
88
23B65
24259
8IDKa021 &A(g2ceo
2Q(XXI
P•]9

Lichfield Festlval Umlted
(AcOmp￿¥11rnIt•dbY3uartth)
Notsstoth•flnanclol stat•m•nts(cOntkn￿d)
forthg
•rfod•nd•d31D•c•mb•r2021
L4. Stol•m•ntolfur
l*Eom
42WOI
8r•wht
strkted funds
Brthqht
Ineomlry
èthcted fijnds
SJdO)
Totd funds
844783
(277.73SJ
ae
621
ErouBht
forworKI
hnvv
(knerd f[￿th
8ro4ht
IrKorntr¥
rd fLThJs
1875
H621
3.875
14621
stricted funds dwn9the Fwlo(J erxled 31 OeokYl)er 2CE2rdo¢e to ftJndn9recdvedfr<m the
CourKil h reswnse tothe co￿18 cr￿& Those were to co%*r S[￿k operatirrnl ctsstsf*Thg
the Ferlod.
2ceo
oXF￿d￿￿O for th• year la5 Fer %<¥terr￿t of fin¢￿d￿ <tYthes?
88mO
IQ744
t)epredatbn chrys
Iln¢re(tsel idecrea* kn (knbtrs
Inttooso 1 l(*ueJsel kn u¢rltors
57.746
12.976
Po39 20

Lichfield Festlval Urnltad
camp(¥yllmlt•dbygurffrrtee>
forthè •rlod•nd•d311>ec•mb•r2021
2￿0
Cath In h(nd
.678
Totd
.878
Lkvlngthe pwkjd ended a De(wtr 2￿L
- kntW95t fr99, uriseoJred loan rwnthgd pW• to th• Chdr. PknIEn W5er. Thg outst￿1n9 trKJfXTh of the Iofm Ot
th8 r8pxbns ¢S)te L8 Shown ￿ the tats48 Èelow. There cre rK) tondti(n5 Or ￿ti￿tee$ attfxhed to the loan. Therg
o ro flxed rgKXDYv￿rt tsrm5 attathed to the The knn Is e¥p8Cted to rewkj orKe the Tnjstees h(we
satWled th$m5P￿ Ihat the CCfflFony has suffkknt rgs¢yJrcos to fijnd workJrgCaF4td
- Th8 mrrpary knojrrgd wofoslcnol f985 kn resp8Ct of pwol yo¢gsdn9 bcrA.Wkng m]no3rnt accthjrtts and
fcrecosthgtty the Trea￿Ter. adre Lue. trrthg os Cknr Accountin9
- The con¥Lry incurred prof8ssknal fws In rosps¢t of th8 W8PUQtlon and sjlxdsslon of tho stotvtrry occwnts by
the rJJrfWt Tre¢￿￿rer. Cldre Lu& tr(Kth9as aefx PrttyJr7Ung
- Durln9th0 p8rwyJ, the ccrfwy recdved d￿0tk)ns In (kn tho fonn of the ￿510n of wstg39 c<>urlgr
Ser￿ces for Fe¥iwd trothwe8) frryn &enstone ProFerbes Urited. FI￿nd Mans#l (¢3 cvrrpnt 8o¢Td ltsrTtsr of
Lthflekl Fest￿1 Limitgd) Is o p8r5cn of dwlfkont c￿5 v4th re￿rd t¢ ￿Onstr￿8 Properti8s Lh*ted
3ID•¢2021 31A￿￿￿o
Un50wI Intorestfrno lo￿ ¢JJtstffialng
Pfvparatlon and of stotutory fxcojnts
Poyroll Krocessln9 1x)ok-wn9￿d rTr7naspmgnt occwntln9f90S
Postap courigr sonA
25)
4088
60C
Pap 21