Registered number: 01592012
Charity number: 512201
Lichfield Festival Limited
Trustees, report and financial statements
for the year ended 31 December 2024

Lichfield Festival Limited
(Acompany limited by suorontee)
Contents
Poge
Reference oncl odministrotive detoils of ;￿e compoiy. its trustees or)d advisers
Choir's stotement
Trustees, report
Ip.dgpendent exominer s reF)ort
io
Stotement of f inonciol octivities
Bolonce sheet
Cash flow statement
13
Notes to the f ioonciol stotements
14-26

Lichfield Festival Limited
(A compony limitedby guarantee)
Reference and admSnistrative detolls of the compony. its trustees and odvisers
forthe
earended31December2024
Patn>ns
EMTO Briogewoter CBE
Julion .loyd Webbe. OBE
'r Michoel Fobricont
Topy Hodley MB-
Trocy Sorman OBE loppointed on 22 Jonuory 20241
President
Sir lan Dudsoy C8E
Vlce Presidents
Mrs Fronces Lon9
Mrs Georye InF-Ir)nes-_illingston
Lord S Lody Bomfora
The Hon & Nrs Hugh Gibsor)
Trustees
Helen Wiser. Choir
Adrienne Swollow
Cloire Lue. Treosurer
Cloire Tetley
Co,in Walker
Dovio Show
Janet McForlane (oppointed l October 2024)
Jonet Smith
Jennifer Grohom
Raymopd Nonsell
SiTon Worburtoy (resiwed cn 17 Moy 20241
Woyne Smith
Company reststered no.
01592012
Charlty regktered no.
512201
Reglstered office
Dor)eFI House
Bore Street
Lichfigld
Stoffordshire
WS13 6NE
Secretary
Colin Ablit.,
Festlval stc
Festival Director
Dorrion Thorntrey
Head of Development - Coroline King
Festivol ProdJcer - Joshuo Cloyton
Box Office Monoger - Cotherine Swallow
ountant
Cleor Accountin9 Lichf ield LiY)ited
31 London Road
Lichfield
VdS14 gEP
Pase I

Lichfield Festival Limited
(Acompany limited by guarantee)
Reference andadmini5trative details of the compony, itstrustees ondodvisers (continued)
forthe yearended31December2024
Independent examlner
Mork Gurney FCCA
Doigs Audit Limited
2 Cknomberloin Squore
Porodise Circus
8jrmin*am
B3 3AX
Bankers
Notionol Westminster Bank PIC
47 foiofKet Street
Lichf ield
s.af fo.-0s￿l￿e
WS13 6LE
Har)delsbanken
Bitterscote House
Bon@hill Flood
Tomworth
878 3HQ
Pa9e 2

Lichfield Festival Limited
(Acompany limited by guarantee)
Chair's statement
forthe
ear ended31December2024
The choir presents her statement for the period.
Overview
Despite continuins turmoil in the orts sector. oll four strornds of LichfieSd Festivol (the Literoture Festivol. the
Summer Festivo. the Chomber Music Weekend ond Christmas Cor)certs) recorded on increose In ticket revenue
ond at the yeor-end o surplus of £14.363 lifted reserves to £133.789.
Audiences enjoyed theatre. comedy, dance. literoture ond oll senres of music from world-closs performers ond
the Boord is ip.debted to Festivo,. Director Domion Tnontrey for deliverins an inspired year-lons calendor of
events - successfully combinin9 orlistic excellence ond f inonciol acuity.
Highlishts in the cothedrol this Summer included Rochel Podger ond Brecon Boroque. the Ukelele Orchestro of
Greot Britoin. Seth Lokemon. the fina,, of tle Midloods Choir of :he Yeo" competition. 8olle; CymrLJ ond the 88C
Notionol Orchestro of Woles. The Hub hosted the Brodsty Ouortet performin8 01115 Shostokovich strin9 quortels.
Festiva! Potron Trocy Bormon reveoled The ReGI Wolf Holl ond Lizo Pulmon S Joe S*illgJe person:.fied A Couple
of Swells.
There wa5 very positive oudience feedbocl excellent community support or)d extensive press covero9e roisin9
the profile orsd reputotion of both Lichfield Festivol ond the city.
Stoff ond Operationol Actlvlty
Therè were no chonges in the core monosEment team of Coroline Kin9 Joshua Cloyton ond Cotherine Swallow
ond the -esultonl benefits of contir)uity op.d expe," ience f Ostered o r￿t of enterprise ond develapmen,,
A rnew box o¥fice system and reseorch into oudience sesrnentotion helped ep.Fge o wi(Yer oudience and
estoblish more relevont communicotions with exi5tins SUPPOf ters. Morketin9 olthoush co-ordinated by the off ice.
wos oJtsourced with morked irrprovèments in disitol odvertisin9 siwage. desiw ond o new hish ig)ts orochure
Tne volunteer teom wos en.'orsed ond is now benef Ittin8 '. rom tor9e'Led troinins ond re9Jlor '.ioison.
Innovotive thinknn9 ond interoctive portn.erslips with corporote spo•sors ond individuol donors encouroged lon9er-
term controcts ond increosed overoll funding whilst the Adopt on Instrurnent scheme Fve mony more loyol
supporters Ihe opportunity to set involved.
Leamlng G Portlcipatlon WSP)
A successful Arts Council sront opplication enobled us to ernsoge an L&P Monoger in 2024 to speorheod o
community project bosed on Vivoldi's Four Seosons This sow 377 primory school children creole themed
artwork ond music. which wos showcosed in Lichfield Cothedrol. with helo from the Royol Birmintyom
Conservotoire
Other projects included secondory school workshops witn octor / writer Kotie Arnsteirn, and Young Critics.
Pose 3

Lichfield Festival Limited
(Acompony Ilmlted byguar(ts)
Chal￿5 statement (contlnued)
forthe
etyended31Decemb•r2024
L•amkn9 &PtytkWhnli&•) (conthu•d)
EngJswnent wlth arts and cu￿Ure. besSde5 gwng Ilfe a new perspectlve, plays a wtat role In fosterins emotionol
resilience ond improwns cO￿ltIVe at￿lIty. We ore therefore very proud to have launched a new initiative in
ptember 2￿4, W0￿dIng instrumental musc lessons to over ICXJ local prinThJry sthool chlldren culminating in
performance opFortunities in 9Jmmer 202&
We ore S￿teful to Lichfield txstrict Counal for their on9)ins sUp￿rt of our communlty pyoiomme.
TNst••S
We were very sory to lose Snu)n Worburton as o Trustee this SJmmer. exFerfen￿, suIdan￿ and friendship
has tEen involualje over the past 7 years and will be missed.
However. we ore delis*)ted that the nÈw Deon of Lichfield Cathedrol. the Rt f*vererKI Jim ￿FO￿one joined the
Board in &ptemter. Jan has Èeen incredibly supportive of Lichfield Festlval and we fvnow her FKJSSiOn.
enthusiosm ond inspiring obility to breok down bjrriers will further our work in the wlder community. increasins
occess to thÈ orts
2025
s ever. a husp vote of thonks 9*S to the incomparolse Lichfield Festival Friends (LFF) for thelr finanad
support. tirele55 fundroi>ng ond bound*s co-OFeratioTh Likewise. to our loyol and committed army of
volunteers.
We a￿ 0150 ￿ateful to our PresidenL Sr lon Dudson ond our Potrons for their aoknccry ond influenc&. ond to
our redoubtoble Treasurer Cloire Lue. whose hord work attention to detall and sound aQkn￿ keeps us on the
stroiglt and norrow.
We look forward to onother yecr of excttement and innovation in 2ce5 brin9ns musr joy ond lau*ter to all
comers of the community and ￿YOnd. and reoffiming Lichfield Festivol as a major ￿Yer in the Arts S Culture
sector.
H•l•n Wl
r.chak
PasE 4

Lichfield Festival Limited
(Acompany limited by guorantee)
Trustees. report
forthe
earended31December2024
The Trustees present their onnuol report l08othe-. with. the inoependently exomirned f irnonciol stotÈ,wents of
Lichf le'd Festivol Limited for the year ended 31 December 2024. As tne compony qualif ies os smol.. uncler section
383. the strote9c report reoJired o,. medium ond iorp componies under The Componies Act 2006 Istrotegc
Report ond Director's Report) Regjlotions 2013 is not requireo.
ObJectlves ond actlvities
a) Review of artlvltles
During the yeor. there wos on increase in choritoble octivities. due in port to ;*e corntinua;ioD of the hugely
successf ul Christmas event in colloborotion with Ex Cothedro. whicn hos remoined incredibly populor i otol
income saw on ir)creose of £63.605 in comparison to :Ye prior yeor. ond ticket sole income ip isolation sow an
iocreose ocross every event ￿eld in 2024. Expenditure wos increosed from the previous year oy £53.851. 05
expected in li•e with the incre05e in chariLoble octivities. but olso os ¢ result of coo;inued ipf lotion across certain
areas of the cost oose. Overall
the riet effect was that income exceeoed expenditure by £14.363. resulting in on
increose in totol reserves from £ll9.426 to £1￿.789.
b) Key financial perfornionce Indkotors
The Trustees use the followins key performance irndicators to meosure ond monoge the performofjce of the
comt)ony's individual oc',ivities.
Percentage of seo s sold for individual events
Percentose of seots solo for inclividual vegues
Rotio of tickets sold to artlSts' fee5
Profitability of individuo. festivols (SiJrr.Te-. Literoture. Chamber and Ch.-istmos)
c) Publc benefrt
Tho Trustees hovg eac4 receiveo copies of th,e Chority Corp.ryission Guidelines on Public Benef it and this now
forms port of tho Inauction Pack fo-. New TrLJStees.
The Public Benef it provided Dy the cnority includes..
Increosing the dellth and quality of people's culturol experiences
lrncreosins opportunities '. or youth through o Youns Artist series
Creotios o wide-ron9ns Leornin9 ond Por:icipotion prosromme for locol ond wider re9onal commJnity sroups
and schools
The benef iciories ore oll members of the pub.ic and access is enobled os fo'lows..
Throush conce5sionory ticket schemes
Without chorse lo 'ree everts
Colloborotively through Leorniri9 and Participotiop. pro￿0mmeS leld in schoo15 and other locol orsrJnisotion.s
All oreos of the festivol ore wheelchoir occessible
Po9e 5

Lichfield Festival Limited
(Acompany limited by guarantee)
Trustees, report (continued)
f orthe year ended31December2024
Flnance Review
a) Goins concern
Over the post few years. the Trustees hove observed a chor..se in booknng hooits ocross eoch of the comFxJny's
events In porticJlor. orne o¥ the losting trends hos been u reduction. in odvonce bookjngs. With o higher
percenlose of tICKets now sold in the 'inol weeks before on even: or even on the door. This has on impac: upon
coshflow. and requi". es observotion throu•out tne yeor. A focus op, the coherence of :he compony's morketins
SKrotegy hos boosted ticke: soles overoll. ond the T.ustees hope thot this will continue into 2025.
avin9 considered the Autumn Budset (pJb'ished on l November 2024> the londscope for some small employers
is like.'y to become more dif ficul+K in light of announcemep.ts sucn os the Increosed Employer's Notionol Insurance
bJrden siwif icor)t increose in :kne Notionol Livins Wcge. The Trustees understop.d that th.e concurrent
increase in Employer'5 Allowonce from £5,OQK) to £10.500 wi I shield the charity f rom the majority of the neptive
finonicol impoct brought obou= by these chansES.
The compony continues to liove o strons cosh bolonce and a roJust 12 month forecostins provision. octively
monogins ond miti¥tin9 ony potèntio, coshflow cOncer￿s.
After considerotion of all -. elevont factors. the Trustees nave reasonoble expectotioo thot the compony hos more
thon odoquoto resources :o continue 'n ooerctiona, existence for :h,e p,ext 12 moiths ono beyond.
b) Reserves policy
At 31 December 2024 there were totol rese". ves of £133.789 (2023.. £ll9.42DI. The reserves were oll
unrestricted and formed tye bosis of worknns capital Fins forward. The level of reserves ot tle yeor end cre
consiclered odequate ir) the long term.
The Trustees hove estoblbsheo the level of f ree reserves (tho: is. those fugds thot ore freely ovoiloble) thot the
chority ought to hove, ond considers this to be £123.546. which is eqLJoI to 100% of forecos+ fixed costs '. or the
next E months (in line with the reserves policy). The current level of ". ree reserves 15 £129,244 (2023.. £N8.971)
It is the Trustees. view ttr*ot it is pruaent to ensure thot Lhere ore SL)ff icient reserves :o provide f inonciol flexibility
over th.e course of the forthcomips yeor. porticu orly in ,ight of restrictions foced in previous f inancial periods.
Planned f uture income ond orn increosed breodth of evernts (porticJlorly in the wcy of commur)ity porticipotion).
Oionsside constont control of costs. will egsure thot t￿e chority will continLJ@ to mointoin suff icient resources to
meet it's choritoble objectives for the f oreseeoble f uture.
Pose 6

Lichfield Festival Limited
(Acompony limited by guarantee)
Trustees, report (continued)
forthe
ear ended31December2024
Structure. govemance ond monagement
a) Constitutlon
The principol object of the compony is to promote The Licknfield Fes:ivo. or.d ossociated events. The coToony is
resistered os o compony liry)ited by 9uorog-ee ond wos irncorpcroted on 16 October 1981. The compony was
resistered os o choriiy on 7 Jonuory 1982 wi:Y the charity number 5I220L The compony is soverr)ed under its
F4emorop,clum of Association ond Articles of Associo:ion doted 16 October 1981. and amended 22 v.orch 2004.
b) Method of appointment orelectlon of Trustee5
TrJstees are oppoiTrted from omon9St the membership of the company ot the AGM. The Trustees 'ove the
power to oppoint odditionol Trustees to f ill cosuol voconcies. but only reraifj off ice until the nex¥ AGV ot wk)ich
time they w"'Il then be elisHble for re-election in osreement with the Ar*.icles of Associatiop. One third of the
Trusteès retire at -he AGM. but ore e'.Isible for ". e-election.
c) Policies adopted forthe induction andtraining of Trustees
TD,e induc-ion troi.ning for rnewly oppointed Trustees comprises on initiol meetin9 Wlth the Boc"a of Trustees at
which a Dock is providèd This iYclud@s o copy of the sovernins document, a copy of :*e most recent annuol
report ond fiyonciol stotements. o copy of the minutes of previous Trustee meetings ond o copy 04 the Chori:y
ComTissioner$ 9Jidonce The EsseDtial Trustee Periodicolly. the core leodership ¥oJp of the compony (includirn9
existing ond newly oppoir)ted Trustees) attepded pvernonce troining doys. which are benef iciol.
d) Pay poficy for senlorstuFF
The Trustees ore responsible for providing direction to :Ye chority ond this work is cor.'ied out f ree of charge for
both. time opa expènses. The Fes:ivo Director is eopsed on. o trienniol bosis at morket i ates to aesiw the
Festival prosromme The Truste@s aim to poy o foir solary to ottroct and reto.'n skn'lled ond expert stof., kjlaries
ond benefits ore desiweo to be corppetitive within the chor,.toole sector ond proportion.ote the Complexity of
eoch ro',e. Durins 2021 tfv.e 8oord of Trustees fo-med on HR Sub-commiitee ond o policy was created to
f ormolise poy reviews os part of the appraisol process.
e) Orgonisatlonal structure and declslon making
The Board of Trustees comprises no: less thon 3 and rnot more thon 15 rpembers. The eoord meets ot leost
quortery with, seporote sub-committees of relevcnt Trustees covering Finonce. HR and Policies.
A professionol teom. led by the Festivol Director. corry out the doily operotions of th.e Festivol. reportins directly to
the Choir ond Boord of Trustees. Throushout the yeor. apd esoeciolly during the Fes:ivol. the comffjny bgpefits
f rorn the consideroDle 5UPPOft of the Lichf ield Festivol Friends (previously thown os Lichfield Festivol Associolion)
o•d tle assistance of o substortiol number of volJnteers.
Poge 7

Lichfield Festival Limited
(Acompony limited bysuarantee)
Trustees, report (continued)
forthe yearended31December2024
Structure. sovemance and management (continued)
f) Rlsk management
Tho Trustees hove ossessed +he mojor ris￿ to which the company is exposed, in porticu',or thosg reloted to the
operotions and finonces o,, the compony, ond ore sotisfied tho: sys.ems ond procedures ore in place to miLigate
exposure to the mojor risks.
The Trustees mcintoin o Risk Fleg'ster which is reviewed regularly, with high risk or time ser)sitive items f lawd f or
discussion o: 800", d Meetings.
Plansforfuture periods
o) Future development5
Over next yeor the Board p'orTrS to mointain the current level of reserves tbrouty continuous ond rigorous
oversiwt. The Boord hopes :o mointoin the reserves boloice by continuin9 to roise the Festivo.'s profile. ossisted
by o focJs on the coherence of the comwny's morketin8 Strotesy. to mointain fundins and produce a progroTrme
thot demonstrotes both commercial appeal ond artistic in-esrity. wyilst ensuring an appropriote use of funds on o
wider Leornins apd Portic..potion pro9rorp￿e
Ar) incredib,y succe55ful Cksristmos event hos now beeg porl o, the Festival's repertoire f or o gumbe" of yeo"s.
This successfully contiTrued in:0 2024. ona P)os ollowed for o much steodie-, streom of income throushobt the
yeor with 09 odoitionol coshflow boost in o previou'sly less active period. This is plonned to continue into 2025
and beyond.
Pose 8

Lichfield Festival Limited
(Acompany Ilmltedbyguarantee)
Trustees. report (¢ontlnued)
forth•
earended31December2024
The Trustees (who ore dso directors of Ltchfield Festival Lirrdted for the purp)ses of ¢ompJny law) are
reswnsible for preFyJrifE the Trustees, repjrt and the financiol staten*nts In crcordance wtth OFJplicoble low and
United Kln*)m Accountin9 Stondards (United Kin*Jm Generally Accepted Acmunting Proct1￿).
Company law reqUI￿S the Tnjstees to prepare financid statements for eoch finan¢lal period. Under company
low the Trustees must not approve the financiol statements unless they ore satisfied that they 9ve o trug and
fair Mew of the state of affairs of the charitable compjny and of the incoming resources ond opplicotion of
resources, indudins the income and exFenditure. of the charftoble company for that Feriod. In preporins these
financial statements, the Trustees ore rec¥Jlred to..
Select suitoE￿e accountins wlldes ond then apply them conslstently
- Observe the methods and Frinaples in the Chorfties SOF¥J 2019 (FI￿ Ice)
- Make judsements and accounting esti￿￿e5 that are reosonoFJe ond prLKlent
- State whether applicable oc¢ountins stcndard5 hijve been followed. suiiect to any n)Jterlal departures
disdosed and exploined in the flnonclol stotements
p￿p)re the finawal stotements on the g)ing con￿rn t(Jsis unless it is inappropriote to p￿SUrne thot the
choritoble comrKiny will continue in operotion
The Trustees a￿ ￿SponSI￿1e for keptn9 adeqvate ¢xcounting records that ore suffiaent to show and explain the
thorltoble comwnvs tronsactions an(J disclose with reaSona￿e ocojrocy ot any time the finonaol p)sition of the
choritoble comp2ny ond enoble them to ensure that the finanaal statements comply with the Componies Act
2￿. They ore olso responsible for safesuarding the assets of the thorit0t￿e Company and heTr￿ for takns
reasonoble steps for the preventton and detection of fraud and other irrvlarities
The Trnstees ore responsible for the maintenonce Inte9ity of the corp)rote ond finoncKJI infcrm(rtion
included on the choritoble comp]nVs web5Fte. Lesislatlon in the United Kin¥om 9)verning the preporotion and
dissemination of flnonclol stcrtements moy (fiffer from le9slation in other jurisdiction&
In preporing this ￿pOrt. the Trustee5 hove tO￿n ookntose of the Sn￿11 corrwnies exemptlon prO￿ded by
Section 4154 of the ComF)onies Act 2CQ6.
This reFort wos opproved by the Trustees on 6 Morch 2025 and Si￿ed on thelr teh0￿ by..
H•l•n
Pa5e 9

Lichfield Festival Limited
(Acompany limitedby guarantee)
Independent exarnlner's report to theTrustees of Lichfield Festlval Limited
forthe
eorended31December2024
Independent examinerf5 report to the Tru5tee5 Qf Lichfleld Festlval Llmrted
l .eoort to the Trustees on my exomi•otiorn of the occodpts of the company for the yeo.- enoed 31 December
2024 which ore set out on poses ll to 26.
Responsibllitles and basis of report
As the Trustees of th.e com.pony (ond olso its directors for the purposes of company lowl YOJ o.-e responsible , or
th.e preporo+ion D,
the occounts in occordonce w,'th the requirements of the Compcnies Act 2008 I'the 2006
Act,)
Hovins satis4ied myself that the accounts of the compony ore not requi.-ed to be ouditea under Port 16 0, the
2006 Act ond ore e',i9ble for indooendent exominotion, I report in respect of my exominotion of your company's
occounts os corried out unaer section 145 of the Chorities Act 20ll ('the 20ll Act.). In corrying Out my examination I
hove followed the Direc'iions 9ven by the Chority Commission unoor Section 145151(b) of the 20ll Act.
Independent examIne￿5 statement
Since the chority's yoss income exceedea £250.CXX) your exorDir)er rr.LJSt be o member of o body listed in section
145 of the 20ll Act. I confirm that l orr quolified to undertake the exominotion becouse l om o m.èmbèr of Institute
of Char:ered Accoup,tants in Ensiond and Woles, which is one of the listed bodies.
I hove comp,'eted my exominotion I cornfirm thot no motters hove comè to my ottention in connection with the
exomir)otiOP 9vins me couse to believe thot in ony moteriol respect..
l. occountl•g records were n.ot Kept in respect of the compony os requireo by section 386 of the 2CK)6 Act.. or
2. the occoLnts do .qot accord with those records. or
3. tne occoJnts do not comply w'",th the occounting requiremènts of section 398 of the 2006 Act other thon any
requiremer)t thot :ne occounts 9ve o 'tfKJe ond foir view. which Is not o motter considered os wrt of an
inoeFEndent exomiTratiop.'. or
4. the occounts hove not Deen Drepc"ed in occordapce witn the methods ond principles of tne Stotement o,,
Recommendeo Proctico f or occountin9 ornd reportins by charl.ies opolicoble to chorities preporing th.ei,- occounts
in occoroonce witn the Firnonciol Reportin8 Standord opplicoDle in the UK ond RepuDlic of Ireland IERS 102)
I nove no concerns orpd hove come across r)0 other matters In connection with the exominotion to whic
otter)tion should be drawn in this report in order to enoble o proper undersLandins of the OCCOLJnts to be
reoched.
MarkGumey FCCA
Doins Audit Limited
Chortered Accoun:ants
Birmin*am
Date".
gi Al￿￿cL /Lot£
Pose 10

Lichfield Festival Limited
(Acompany limitedby guarantee)
Statement of finoncial activities (incorporatin9 income and expenditureaccount)
forthe
earended31December2024
Unrestricted
funds
Year ended
31 Dec 2024
Restrkted
funds
Yearended
31Dec 2024
Totalfunds
Yearended
31 Dec2024
To:al f unds
Yeor enaed
31 Dec 2023
Note
Income from:
Donotions ond lesucies
Choritable octivities
Investments
194.041
247.076
2048
36.725
230,766
247,076
2,848
208.813
207.525
747
Total income
443,965
36.725
480.690
417,085
Expenditure on..
Choritoble octivities
5,6.7
429,602
36.725
466,327
412.476
Total expenditure
429.602
36,725
466327
412.476
Net movementln funds
14.363
14363
4.609
Reconciliatton of funds:
Totol funds brougit forword
ll9.426
ll9.426
ll4.817
Totalfunds carrled forwtsrd
133,789
133.789
ll9.428
All octivities relate to co•:irnuing operotiogs.
The notes on poses 14 to 26 form port of :hese inonciol stotements.
Poge ll

Lichfleld Festival Limited
(Acompany limitedby gu(Tantee)
Bolance sheet
os at 31December2024
31 Dec
2024
31 Dec
2(Y23
Nots
Flx•dassets
Ton9EJe ossÈts
Currwtawts
Debtors
Cosh ot tr¥]nk and in hand
34339
143284
36J3
]2L040
177F24
157J53
Cr•dltors (amounts follin9 due < l year)
(47357)
138182)
N•t cwr•nti758•ts
134012
ll9.428
Credltors (amounts falling due ) l year)
aD23)
133.789
ll9.426
Charfty funds
Unrestricted funds
Restricted funds
14
133389
ll9,426
Totalfunds corf•dfoThvffll
133.789
ll9.426
For the yeor ended 31 December 2024, the comFony15 entitled to exemption from oudit under Sertion 477
cf the Companies Act 2CKE relotin9 to smoil comp(]nies.
Directors, resFonsibilities".
The members hove not required the comFKJny to obtoln on audit of its occounts for the period in question
in acccrdonce wlth &ction 476 of the Companies Act 2C£6.
The Directors acknowledse their r95ponsibilities for complylng wlth the requirements of the Act with
respect to accounting records and preporation of accoun
The finonciol stoterrEnts were Op￿0Ved by the Trustee5 on 6 M¢xch 2025 ond sisned on their behalf by.
Helen
65er.cho
The notes on ￿SE5 14 to 26 form pjrt of these finoncial statements
Pose 12

Lichfield Festival Limited
(Acompany limited by guarantee)
Cashflow statement
f orthe
earended 31December2024
2024
2023
Note
Co5h flows from operating OCtNltle5
Net cosb. provided by operotins octivities
15
24069
(52,886)
Net cash provided by operotlng activities
24.869
152.886)
Cash flows from Inve5tlng Qctlvities
2048
747
Purchose of tansible f ixed ossets
(5.473)
(483)
Net cash used In Investing activrtles
(2.625)
284
Change in c05h and cosh equsvalent5 in the yeor
Cosh ond cash equivclents broug7: forword
22.244
121.040
152.621)
173.661
Cash ond c05h equivolents corrledforword
16
143.284
121,040
Pose 13

Lichfield Festival Limited
(Acompany Ilmitedby guarantee)
Notesto thefinancial statements
forthe
earended31December 2024
General informatlon
Lic.If ield Festival Limi Led is a choritoble CO￿ponY re9Stered in Enslond or)d Wales. The address o! the
registered off ice is siven In :he .-eferencg ane adminis=rotion detoils on pop l of these finonciol stote.Ter)ts.
The no'.Jre OF the chority's operotions ond principal activities ore cjetoiled in the frus:ees' Report on poses 5
to 9 of these financia. statemènts
Accountins policies
ij
Basis of preparatlon of finonclalstatements
These finonciol sto:ements hove been prepo,'ed in occordonce with Accounting ond Reportins by
Chorities. Stotement of Recommended Practice opplicoble to chc"ities preporing their occounts in
accordonce wi-kn the ￿incnClal Repo-. tlq9 Standord applicable in the UK ano Republic of l..eland IFRS
102) (effective l Januory 20191. Wit￿ FRS 102 cgd with the reqb'irements of the Componies Act
2006.
Lichfield Festival Limited meets the de,. iriition of o pJblic benefit entity under F￿]02 Assets op.d
liobilities ore initiolly recosr)ised o: historicoi Cost o- transoc.ion vo'ue u•less otherwise stoted in the
relevont cccounting poljcy.
The siwrFicont occountins policies opplied in the prec>orotion of these finonciol stotements ore set
out below. Th,ese policies have beeq consistently applied tro all periods presenteo unless otherwise
L2
Golng concem
After moKins opproprioLe enouiries. the Trustees ￿0ve o reosonoble expectotion that the company
has oaequote ."esources tc contir.ue in. operotional existence for o period of ot leost 12 mon;hs
frcm tho doLe of opprovoi of t•èse finonciol SLOtem2nts. For this reoson they contin.ue to odopt
tne soins concern bosis in preporin.s the f Inanciol statements.
L3
Compony status
The compony Is o compony limited by 9Jorop,tee. The members of the corppany o,-e the Trustees
named c• page l. In the even: of ;h.e corpporny beins wound Jp. the liobility in respect of the
suorantee is liYited to £1 pèr member of the compony.
Pose14

Lichfield Festival Limited
(Acompany limited by guarontee)
Notesto thef inancial statements (continued)
forthe
ear ended31December2024
Accountlng policies (contlnued)
1.4 Fund accounting
Generol f uncjs ore unrestricted f unds which ore avoiioble for use ot the discretion of the Trustees in
fur;herance of +,he senerol objectives of the compon.y oyd whicry hove not beer) designoted for
other purposes
Restricted funds ore funds which ore only ovoiloble for use in furtheronce of the specif ic purpose
for which they were sivep..
Investment income. soins and losses ore ollocoted to the oop,"opriate fund.
Pose 15

Lichfield Festival Limited
(Acompany limited by guarantee)
Notes to the financial stcrtements (continued)
forthe yearended 31December2024
Accountins policres (contlnued)
1.5 Income
All iTrcome is recowised op.ce the compc•y hos entitlement to the income, it is probable thot the
ipcome will be received on.d the omount of income receivable co• be meosured "eliobly.
For lewcies. entitlement 15 token os the eorlier of the date on which. either. the company is awore
tho,, probGte hos been srogted. th.e estote has been fino ised and notif Icotion hos been rrade by
the executor{s) to the Trust thot o distrioution will bg made. or whei a distribdtion is receiveo rom
the estate Receipt of a lesKJCy. in whole or in port. is only considered proboole when tne om,ou•',
con be meosJreo reliably ond the compor)y hos been notified of the execu:or's intention to make o
distribution Where log)cies hove beefj notified to the compony. or the company is cwore of the
onting of p,-obate. ond the criterio for income recognition hove not be@n met. then the leycy is
treoted as o conti•gent osse; ond disclosed if motericl.
Gifts in ￿"rnd dor)oteo for distriDUtion ore included ot voluotion ond recognised os income wffien they
are distriL)utecl to the projects. Gi'ts dono.ed f or resole cre inclJded os income whep. they ore Sold.
Doroted fociliLies cre ir)cluded ot the volue to the compony where this con be quanti,. led o.Tro o third
porty Is beo-ins the cost. No omounts are ir)cluded in the f inonciol stotements for services donoted
by volunLoers.
Dor)O¥ea services or focilities ore recogp.ised when the compony hos control over the item. and
conoitions ossocioted with the donoted Item hove been met. tho receip: of economic bénefit from
the use of the item is proboDle ond tnot @conomic benef it carn be meosurea "eliooly. In occordonce
with the Chorities SORP (F[￿ 102). :he gernerol volunteer time o. the Licgf ield Festivol friepd5 is not
recosnised. Please refer :o the Trustees, report 'or more informotion obout their contribution.
On -. eceipt. donoted professionol serv,'ces ond dono:ed focilities ore recognised on the bosis o¥1 the
volue of the sift :.0 the compoyy W￿lCh is the omount Ihe compony would hove been willing to pay
to or)taip. services or focilities of equivolent economic begefit on the open martet.. o corresponding
omount is tkTern recowised ir) expenditure in the period of .-eceio:.
lrnco.Tre'.ax recoverobe in relotion to donotions received under Grft Aid or deeds of covenont is
recogvised at tne time of the donotion.
lrncome tox recoveroble in relotion to investmeqt income is -ecogYised ct the
income is receivable.
me the investment
O+her income is recowised in the period in which it is receivable ond to the extent thot pods hove
Deon provided or on comnleLion OF the service.
Pose 16

Lichfield Festival Limited
(Acompany limited by guarantee)
Notesto thefinanciol statements (continued)
forthe
earended310ecember 2024
Accounting policles (contlnued)
1.6 Expendiiure
ExpenditJre is recowised once *￿ere is o lesol or con5:ructive ODliFtiop to tronsf er economic
benef it to o third porty, it is probable thot o tronsfer of economic benef its will be required in
settlement and the omoun: of the obli+lion can be meosured reliably. Expepditure is clossif led by
activity. The costs of eoch octivity ore mocle up of ;he totol of direct costs ond shored costs.
includifjs suppori costs involveo in unde., to￿.n9 eoch octivity. Direct costs o".Iributoble to O singe
octivity ore ollocoted directly to thot octivity. Shored costs which contribute io more thon one
octivity ono support costs which ore not ottributable to o singe octivity ore opportioned between
th95e octivities orn o bosis consisternt with the use of resources. Centrol slof f costs ore ollocoted on
the basis of time spent. ond oepreciotion chorges o.locoted on ",he portion of the osset's use.
Support costs ore those costs incurred directly in sJpport of expenditJre on the ODjects of the
compony ond include project monogement corried out by the office.
Charitoble octivities und Governonce costs ore costs incurred on the comDor)y's educotiona!
operotions. includin8 support costs and costs relating to the sovernance of the comporny
apportioned to charitoble octivities.
1.7 Tonglble flxed ossets and depreciation
A review for impoirment of o f ixed o55ei is corried out If events or chonges in circumstonces
indicote thoi Lhe carrying volue of ony f ixed osset moy not be recoverobl
Shortfalls between the
corryins volue of f ixed ossets and the1r recoveroble omount are recosnised os impoirments
Impoirment losses ore recognised in the 'Stotemen; of finoncial octivities lincorporoting irncome ond
exDenditure)' account.
Tongible fixed ossets are co.-ried ot cost. net of depreciotion and ony provision for impoirment.
Depreciotion is provided ot rotes colculoted to write off the cost of fixed ossets. less their
estirp.oted residuol volue. over their expected usef ul lives on. the following boses".
Fur*iture. fi:tings ond off ice equipment. 33% stroiwt line
Plant ond equipment. 20% siroight line
1.8 Interest receivable
Interest on f unds held ori deposit is included when receivobie or)d the amount con be meosured
reliobly by the compony.. this is normolSy upon notificotion of the interest paid or poyoble by the
bonl
Pose 17

Lichfield Festival Limited
(Acompany limitedby guarantee)
Notesto thefinancial statements (continued)
forthe yeorended31December2024
£countlng P0￿C[eS (contlnued)
1.9 Debtors
T.ode ond other debtors ore recognised at the settlement orpount ￿ter cny trode discoufjt
o¢fered. Prgpayments ore volued ot the cryioJpt prepoid net of cny :"ode discounts due.
110 Cash at bank and in hand
Cosh at boDk ono in hond includes cosh ogd sTor: term highly liquid investrpen.ts with o short
rpaturity of 3 TrorTrths or less f rom t*e dote of occuisitioi or opening of the deposit or similor
occount.
ljl Liobilrties and provisions
Liobilities ore recog)ised w￿.ern there is on obliwtion ot Ihe Bolonce Sheet dote os o result of a post
eveqt. it is probobly thoL o trcnsfer of economic benef it will be required in settlement. ond the
amount of the settlement can be estimoted reliob',y.
Liobilities are recowised ot tle omount thot the comoony onticipo:es it will poy :o se++le the oebt
or omount it has received os odvoncod poyments for the pods or services it must provide.
Provisions ore meosured ot the best estimote of the omounts reauired to settle the oblisotion.
ere the effect of the time volue o,, money is mo:eriol. the provisio? is based on the preseni
volJe of thos@ omounts. discoup.ted ot :he ore-'.ax discoun: rore :not ref lects the risks speci'ic to
the liobility. The urTrwinding of the oiscount is recosnised withip. intereSL FXJyCi)le ano similor chorges
112 FinoncKJI instruments
The CoM￿nY only hos f inoncial assets ayd finonciol licbilities 0. o ￿"nd thot qualif y os bosic f inonciol
InSLrJrrents 8osic finapcicl instrLJmerTrts ore initiolly recosnised ot tronsaction volue oqd
subseoJently mecsurea ot their settlement volue with :*e oxception of bonk loons wlicn ore
subsequeptly meosured ot amortised cost using the effective i•tere5t method.
Pose 18

Lichfield Festival Limited
IAcompany limited by guarantee)
Notes to thefinancial stcrtements (continued)
forthe
earended 31December 2024
Incomefrom donotions and legocles
Unrestricted
funds
Year ended
31 Dec 2024
Restrkted
funds
Yearended
31 Dec 2024
Total
funds
Yearended
31 Dec 2024
Sponsorship ornd oonotions
Grornts ond public bodies
188278
5.762
188.278
42,487
36.725
Total donotions ond lesrjcies
194.041
36.725
230.766
Unrestricted
funds
Year ende
31 Dec 2(E3
Restricted
funds
Yeor ended
31 Dec 2023
Total
funds
Year ended
31 Dec 2023
Sponsorship op.d donotions
Gronts ond public bodies
193.585
7.728
193.585
15.228
Totol donotior)s ond ley)cies
201.313
7.5L)O
208.813
Income from charitoble activitles
Unrestricted
funds
Yearended
31 Dec 2024
Restricted
funds
Year ended
31 Dec 2024
Totol
funds
Yeorended
31 Dec 2024
Tickei soles
Solè of merchor)dise ond other fundraisi•g
214J43
32,933
214 J43
32.933
Totol income from choritoble octivilies
247.076
247.076
Unrestricied
funds
Yeor ended
31 Dec 2023
Restricted
funds
Yeor ended
31 Dec 2023
Totol
funds
Yeor ended
31 Dec 2023
Tickot soles
Sale of merchondise ond other fundraisin9
183.088
24.437
183,088
24.437
Total income from choritoble octivilies
207.￿5
207.525
Posp 19

Lichfield Festival Limited
(Acompony limited by guarantee)
Notestothefinoncial st(rtements (continued)
forthe
earended31December2024
Income from investments
Unrestricted
funds
Yeorended
Restrirted
funds
Year ended
Total
funds
Yearended
31 Dec 2024
31 Dec 2024
31 Dec2024
BorTrk interest received
2.848
2.848
Totol income frow irTrvestmènts
2.848
2.848
Unrestricted
funds
Yeor ended
31 Oec 2023
Restricted
funds
Yeor ended
31 Dec 2023
Totol
funds
Yeor e?ded
31 Dec 2023
8onk Interest received
747
747
Totol Income from investments
747
747
natysis of resources expended by attivites
Actwities
undertoken
dlrectly
Yearended
31 Dec 2024
Support
costs
Yearended
31 Dec2024
Total
Year ended
31Dec2024
Festivols ond events
388J93
80133
466327
Activities
undertoken
directly
Yeor enued
31 Dec 2023
Suppo-. t
costs
Year ended
31 Dec 2023
Totol
Yeor ended
3] Dec 2023
estivais ond events
335,914
76.562
412 a76
Pose 20

Lichfield Festival Limited
(Acompony limited by guarantee)
Notes to thefinancial statements (continued)
forthe
eor ended 31December 2024
Dlrect costs
Unrestrfcted
funds
Yeorended
31 Dec 2024
Restricted
funds
Yeor ended
31 Dec 2024
Total
Yearended
31 Dec 2024
Artist fees
Event costs
Irrecoveroole VAT
Leorning ond porticipotion
Woses ono soiaries
?ension corntributions
Depreciotion
135.683
129J26
27.003
4171
51J98
904
1,382
135.683
149.001
27.003
21,021
51J98
904
1282
19.875
16,850
Totol clirect costs
349.468
36.725
386J93
Unrestricted
funds
Yeor endèd
31 Dec 2023
Restricted
funds
Yeor ended
31 Dec 2023
Yeor ended
31 Dec 2023
Artist fees
Event costs
Irrecoveroble VAT
Leornin8 ono porticipotion
Woges ond solories
Pension contributions
Depreciotion
131.076
126.7ll
24.137
13L076
13L254
24.137
2.957
45,5
771
186
2.957
45.￿3
771
186
Total direct COSts
328.414
7.500
335.914
Posp 21

Lichfield Festival Limited
(Acornpany limited by guarantee)
Notes to the financial statements (continued)
forthe
earended 31t)ecember2024
Supportcosts
Unrestricted
funds
Yearended
Restricted
funds
Year ended
31 Dec 2024
Total
Yearended
31 Dec2024
31 Dec 2024
EstoblisnmenL expenses
Donctions :o local chorities
Consu,tancy . ees
Governonce costs
13Jll
140
59,844
7.039
13Jll
140
59.844
7.039
Total supoor: c08ts
80J33
80J33
ufjrestric.ed
funds
Yeo- ended
31 Dec 2023
Restricted
funos
Yeor ended
31 Dec 2023
Total
Yeor énded
31 Dec 2023
Estoblishment exper)seg
Donotions lo 'ocol charities
ConsJltoicy fees
Governonce costs
18.044
20
18.044
20
52.265
6.233
8.233
To;ol support costs
76.562
76.562
Net Incomin9 resourres l (resources expended)
Thi5 15 stoted of ter char9ns'.
Yearended
Yeo., endea
31 Dec 2024
31 Dec 2023
Dep". eciotion of torsible f ixed ossets owned by th.e charity
1ridepen.aent èxcmip.er's f ee
1382
2,200
186
2.ma
Poge 22

Lichfield Festival Limited
(Acompany limited by guarantee)
Notestothef inancial statements (continued)
forthe
earended 31December2024
Staff costs
Yeorended
31 Dec 2024
Yeor ended
31 Dec 2023
Wages and solories
Pension costs
51198
904
45.￿3
771
Totol stoff costs
52J02
46.304
The overoF number of persons employed by the compony durip.8 the period wos os follows.
Yeor ended
31 Dec 2023
No.
Yearended
31 Dec 2024
No.
Festivol stoff
No employee received rerr.irneration omounting to more than £60.000 ip. either period
io. Tan9ible fixed assets
Fumiture.
frtting5 and
equipment
Plantand
equlpment
Total
Cost
At 31 December 2023
Additions
9.5i9
3.4
9.&9
5,473
2.021
At 31 December 2024
2.02]
13.010
15,031
Depreclatlon
At 31 December 2023
Chorge for the period
9.104
1.047
9.104
1.382
336
At 31 December 2024
336
ioj
10,486
Net book value
At 31 December 2024
IF85
2.860
4,545
At 31 December 2023
POSE 23

Lichfield Festival Limited
(Acompany limited by guarantee)
Notesto the flnanclal statements (contlnued)
forthe
eorended 31December2024
IL Debtors
31 Dec 2024
31 Dec 2023
T..ode debtor5
Other oebtors
Other toxatior) o*cl sociol securi:
Prepay￿rIt5 and occrued in.co.me
5J94
933
29
668
13.475
21.941
28.211
Total
34339
]2. Credltors.. (omounts falllng due wSthln one year)
31 Dec 2024
31 Dec 2023
Trooe creditors
O+ her toxotion ond sociol secu-, ity
Accruols ond doferred incorre
19.554
5,867
21,936
L205
13ll
To:
47357
38,182
. Credltors: (amounts falling due clfter one year)
31 Dec 2024
31 Dec 2023
Provisiops
1.023
Totol
1.023
Poge 24

Lichfield Festival Limited
(Acompony limited by guarantee)
Notesto the flnancial statements (continued)
forthe
earended31December2024
14. Statement of funds
Brousht
forward
Incoming
resources
Carrfed
forward
Summary of funds- 31 December2024
Expenditure
Generol funds
Restrlcted funds
119.426
443.965
36.725
(429.602)
(36.725)
133.789
Totolfund5
119.426
480.690
(466227)
133.789
Brought
forword
ncomipg
resources
Corried
forword
Summory of funds - 31 December 2023
Expendilure
Generol funds
F￿strICted funds
ll4.817
409.58i
7.500
(404.976)
17.500)
ll9.￿&
417.085
1412.476)
ll9.LE6
Total f unds
ll4.817
Flestricted f unds during the yeor ended 310@cember 2024 relate to f unding received f rom Lichfielcl
District CoLJncil ond Arts Council Ensloncj These were owarded to cover f ree community events
provided os port of the Summer Festivol 2024. plJs an onFing leorning onij porticipo:ion prosromme.
. Reconcilicrtlon of net movement In funds to net Cosh flow from operatlng actlvitie5
2024
2023
Net expenditure for the yeor (os por 'Sto:ement of f Inonciol octivities,)
14.363
4.809
Adjustmentfor..
Bonk interest received
Dopreciation chorges
Decreose / (increosg) in debtors
Increose / (decreosel in creditors
,848)
1382
1.774
IOJ98
(747)
186
(27.7661
129.1671
Net cash provlded by operatlng Octivltles
24.869
(52.8861
Poge 25

Lichfield Festival Limited
(Acompany limltedby guarantee)
Notes to the financiol sttytements (continued)
forthe yearended 31December2024
. Anatysis of cash and cash equlvolents
31 Dec 2024
31 Dec 2023
Cosh in hand
143,284
121.040
Totolfunds
143284
1.040
17. Related party transtsctions
During the yeor ended 31 December 2024.
The company incurred prof essional fees in respect of ¥ine preporotion cnd submission of the stotutory
occounts by the current Trecsurer. Claire Lue, trading a5 Clear Accoug:Ins Lichfield Limited.
The comwny incurred professioqal fees ir) respect of poyroll processjns. book-keepins, moncsement
occourntin9 ond forecosting by t￿e current Treosure" Cloire Lue. trading os Cleo-. Accouriting Licnf ield
Limileo.
Durins tne prior yeor. the compony received donotions in kind (iy the fo.-m of the provision of postasE
ond courier services for Festival brochures) f rom Shenstone Prop@.-ties Limited. Rav￿0￿0 Monsel,, (o
current Booro Member of Lichf ield Festival Limited) is o person of signif ico•: control with resard to
Shenstone Properties Limited. These donations iy kn.nd did not corTrtinue into the current yeor.
31 Dec2024
31 Dec 2023
Preporotion and submission of s*otutory accounts
Poyrol. Drocessing book-keeping ond rp.onogement occountlQ9 fees
PosLose oncl coJrier services
250
4,376
250
3.970
6.500
Poso 26