2025-12-31-accounts

Re9lsterednumber.. 015920J2 Chrytty number.. 5]2201 Lichfield Festival Limited Trustees, report ond financial statements for the year ended 31 December 2025 'AFI08M5rt 2W04W26 ComP￿[Es trIC

218

Llchfield Festlval Llmited (A<0Mp￿Yl1mltedbY84K￿teQ) Contents Ref￿er￿e cnd c￿￿n￿lr0t￿ ¢Yetols of the c￿r(thy. its tIV5tees ¢)*ws Charts statement Twstees, report Storwrwt of finctthy cKtiwt Bo1¢2rte sheet Cosh flow stotemit Notes to thé finrffte￿l stotertents M-26

Lichfield Festivol Limited (Acamp(my Iimltedbygu￿teeJ Ihforence (mdolmlnistrotlvedetollsof theCoMp￿¥. itstnJsteesffid(thisers forthe eorended31t)ec•mber2025 BrWwoEer CBE JufKn LWI Wetw C￿E . Tony Fh)Jey MBE Tr￿V Borrr&￿ OBE Prpsklpnt ¢Json CBE Vke Presthnts Fr(Ytss Lcn9 trs &orp Iy-hne5-Ldkry5ton Lcrtj G L(Kty Bomford Ckire Tetiey Cokn Wc4Èr Le￿¢Y WIIKMYS loA￿ted on 2 JU￿ 2￿5) t Fèvergnd J(wt Corn￿ reS￿t•redno. 01592(J2 Ch•ryrnslFteredno. S22( Reg￿terdOfft• LichfekJ StofftrdshYÈ 6NE Seeretwy Festfvajstoff Fe5tivcl (irector- ThC￿treY Hecd of Cwekjrfftnt . King Festml Produ￿r- Joshw Cwon Asgstoit Festivcl Pr¢ylucer- Alexts)der Box Offie ￿lOW- Cotheftr Swdlow £tountcAt Oecr LrAtetl LKhtield 49EP Pose I

Lichfield Festival Limlted (Ac¢mp(ny Ilmltedby gUCff•)tee) Refer•nce ￿dIxImin1strat1vedetd1s0f thec¢Thp￿y. StstrusteescuKlodvJsers(contlnu•d) forth? eorended 31Dxember2025 Independent•xomkner K4yen Nelw FCA BlrrriW(¥n 83 34X 8gnkers 47 Mtyket Street StoFf((tshK• 6LE Bittet5COte trknvse Bonehll FkncKI Tcrrw￿th 878 X) POSE 2

Lichfield Festlval Limited (A¢omp¢my limltedby Sugr￿te¢> Ch(xVsstatern•nt forthe earerrfled3lDacember202S The choir wesents her 5totwrwt the&￿L Overvlew 2025 w05 OTlOther very SL￿CeSsful chopter n ihe oincls of LKthfthJ Fe5tMY. un¢JerriMed by stron9 tyc￿t sc4es. ombitious (n ÈxKXyY￿ outrecxh schethJle. 96 wcdLI-clcss wl¢xrTKJrxes took otross ll vemes. boostwlg the kxol ecrnry ovl ￿-off￿n￿L￿rrek1 os o keyTrJt￿ncl F4oyer ￿ the Arts & Curtu The Literoture Festivd set the I￿e in the o ¢Sverse ￿cM of est2t4thed cuthws ottr<Ktns o whse Quelen￿ cThY Incre￿ry ticket srAes yery on yety try 17% The rfxxrentum cOnt￿￿d in )Jy with the &JrNTW FeslNd ¢xlevn9 0 15% i￿ets$e in ticket revewe year on yetr. The fir up in the Cothedrd Ir￿[[￿e£l S"r Wlord ￿lle 6 tho BT(KJsky OuortÈt. Tenebroe. Jenebo Konneh Its(￿. Neil Jors. The Unthcnks uJr surerstc )xrw T￿Y FthJthÈy. The wpulority of the mm? ottr¢xted ￿ree SFKm%Jf5 o plethoro of mem￿[0$ fty LKhteld Festivd FrwKts. The yeor ended with o wdl reCe￿Ed ctrcert by Ex.Cotlwkn fft t)ècenw. C¢￿tr￿jtirS to u yew-encl Sur￿￿$ of É214e8 in¢reos#i9 our reserwes to £159217. L•urthJ gnd Portkwknn 'AspYel' the FestiKI s ccKwYwryty $ desp)ed to cre0￿7ty. bjihy ond broocjen occess to the Arts. This yegr'young CrEOtNes' offerecl workshop5. oncl tehind-the-scerves eX￿rienCe for 16-25 yeor 0105. whilst'Ywn9 CritKs' o pk)tfcmi f¢Y OVOlK)nd writers. ¥) SSTr&'. run in cOL￿t￿0tH)n with Entrust MUSK ￿Nces. p'ned tr¢)rtK)n ond now hos F¥fftyy schcKI chiken receMiry free. nstrumwto1 rTrJyc lessons undw the Fesbvcls Umb-el Stoff K exP]Th￿￿ccKr￿￿nity wtrk (￿d SUFWt the core teo In December. we were incre(fibty scyry 10 105e of Prytner5hps & King whose profeSs￿ndiSM onLI dtive hos tr(Jn5forrned (xjr funrSn9 wwrr¥re over the bst yx ¥wrs As CrKdine emtyj on o new chopter. Kote wrjy)t￿ sieps into her SMÈS ro bjld LO £Jte. Effort5 to 5treomline cxlmwNstrtstK?n ¢2ThY wctesses hove Cont￿￿1 ot [￿. vtrew tethnow ond votwe thpnfrins to ensure the Festivols effwo effectNeness

Lichfield Festlval Umited (A￿￿￿•V1￿1t•dbVwrn1tre) forth• Py4

Lichfield Festival Limited compa)y limitedbYgU(Wf¥)tee> Trustees, report forthe earended310e¢ember2025 The Trustees wesent they lther with the i1dÈpend￿lty exorrined firyKiol statery￿nls of LIChf￿1￿ Festiv(A Limted for the year ended 31 fEcerrtJer 2(ES A5 i(MYw)y qu(fies os ymll ￿r￿er 5ectDn 3. the strofe9t rerwt repJred of rrÈthJm kyse LYKler Th8 c￿n[w￿5 ￿t IStrttte9C Report Dwectors FèFrfytl FWbtKJ15 20]3 is not re(¥ 0¥edfv•sor￿0rf￿titrs o)Revwotacth4(tlp5 DJrin9the >tr. there wos cn ir￿fe0$e bi chrxitcknle crtMtie& to the fftvÈstrrnt of funds in brin9n8 sorr ncreditrdy popuky hou5ehdd narres nto L￿hr￿cl. Totd mccY￿ S￿ on Yveose of £37.218 ITh c[￿￿￿$on to the prior yeor. (nd tick£i sde ir£¥r n is¢)lOtion tntyeose of E]L672 woss events held ￿ 2025 Expenditure wos increosed from the pYeM(xJs yeor by EX)J￿. 05 ÈXFrted n kne wth the Hicreose in churt0￿e OCbvitsÈs. knjt dso os o resutt of cLMtThJed Infthion ￿0$5 Certon tYE(]s of the cost txJ. Cwoll. the net effect was tfrot IrKine exceedett expeThiture ty £21.428. regjtngn c￿ lUé05e n tot¢Y re5érnes from E13a789 to £ISS217. The Trustees use the folowng ky Ferforrrty￿e v¥cut4ys to rrth(se the ￿rf{￿M[￿ice of the. c¢wVs ¢xtMt&. - PercentO5e of $￿t5 for irKMduoi events - PercentO5e of seot5 scAd for venue$ Fbtti of tickets s¢JcS to wtists. fees - Profitthlity of indivvJJd festi￿￿ 1sjr￿r. Litergivre. OKJrn￿r oid Chris¢rT¥)5) c) puNc￿￿efft The Trustees hove e(xh COFxe5 of Chority C£¥Y¥Th5￿ on PLt Benelit ond this rKX¥ torryts I￿rt of the hduction for New Tru5teg& The p￿iC Benefit by chcniy ndLYes". - Irveu>ng the depth ond qwkty of oJltur¢Y experr￿S - hcreasi￿ opportunities for thro[￿ o YoUn9￿#￿st se￿5 . Creoting o Le[Y￿Su￿1 p(ytur￿tth ycNJorr¥Y fLY ¢￿￿WhY￿ re9onc4 corrwNThty gO¢JP5 tsnd schods The benefwri85 are dt mwrtws of the 0￿1 c£cess Js enctAed 05 fdtrMs.. - Throu conces510ncry trket schwy5 Wrthout charge to free evwts - CdltsborotNÈly throu* Lewnwi9Ql¢Y P￿t￿)￿On heki in xho(4s ¢yKY other kKol or9Jnisotions - M oreos of the festiv(l wheekhcir fKCèSSt4e Pa￿5

Lichfield Festival Limited (Acompany Ilmltedbygurrr)tee) Truste•s' report (ContIn￿oI forthe eorended31Dxember2025 FIX￿¢0 Revlw al Gohs corK•m r the pJst few yecrs the Trustees hove ot6erNtd o in txx4ry hcbts otross e¢th of th• 0)mP￿V$ event5. In rorboJlcr. of the losiin9 t￿r￿6 hos been o re<Jttth in tm)0ir￿ wrth o hwer percentosE of tKkets now 501d In the finol weeks tefore ￿ event. or even cn the LSXK. Thi5 h05 on up¢)n coshflow. orKI requi￿5 observuth)n thr(Wout the yeu. A crmtThI￿ foajs on the cthwence of the comroiy's rrrfJrtrEtin8 Strotw hos boosted ttht sdes overcdL Hovr£ con&derèd the Autumn 8Ltyt (wtlthed 26 NoNemter 2¢￿5) the I¢￿)C￿cope for Sm￿1 enwloyers rewKis thollen9ry n Iwt of the &onned IrKreos• ￿ the Liwrs W<£e from Awl 2026. ctyrpounded with the previous Ye(￿5 increa￿ ErnFAoyers Ntstior￿ Insuroxe bJr¢Yen The chority hos teen Sh￿LIe￿ from the incre0 in ￿p￿yerS fiotx)TrJ InsJr(xKe Lry the corKwrent IrKreose in &ntaoyerts Alowon¢e. oll of ¢)ur emyoyee5 WKJ in ex￿$5 of the Fxqy)sed weose n the Notiond Lmrs Wose cs it stcfft(J5. therefore these C￿nsS ore not Consh￿ rrvJterJ fft terffs of irwL The corrwiy continues to h(we o strm3 cosh o rotLEt 12 rrDnth fr￿ec0stry womsiw. crtTrely m(rn9Th3ond rr￿ti93ting Cny tth+ntK4 cashfkvw ¢ortem& Afier con&eErotion of dl rvor)t f(Ktoo the Ttustee5 h(Ne re05cK￿Ae ex[￿101￿￿ thoi the corrwny hos rr thon adeqwte ￿5￿r(e5 to ¢cntmuo in cFerotv)ncd exIster￿ for the nemt ]2 rrtsiths ond Èeyond b) Reser￿ y At 31 Dectrrbw 2(ES the￿ were totc4 reserves of EiS5.217 12Ce4. £L33.7891. The re5er¥e5 were dl vnrèstrirtecj and fcKrrd the tngs of workin9 COFAtd forwor(l. Thè ￿Ve1 of reser￿ ot the yeor end ore cons4(lerecJ odew¢xe n the kng terr The Trustees hove estot4ished the of ffee reswves Ithot ￿. those fLnJ5 thot ore freely ovcilcblel thot the charity out to hove. l￿d ccfftsders this lo te E147.014. whKth t5 e{v￿ to l(XY of f<)rec¢)st fpxed costs thè next E mnths lin fine vAth the reS￿S rK4yl. The ctrrent levd of free reswwes t5 £15L4158 12024. £k9.244). Pose 6

Lichfield Festival Limited (Acompanylimlted bygu(r(mteel Truste•s' report (continued) forthe eor ended31Detember2E&S Str￿t￿e.90¥tm￿n¢eQndrn￿n09crnent al Consthutl The ot4¢et of the c(xrpJ)y is to Krxwte The Lthr￿ Festwd osswoted events The ccryony is reg'stered os o comrony lyrited bv ￿OrQntee (nd w05 VKortK)roted w 16 (kt¢)er 198L The mnFX)ny wo5 re9Stered os o choiiy on 7 J￿u¢yY 1982 with the cwty nLrter S)220L The c(wny 15 9)verned vneer tts Memorondum of A$s￿l0tiOn ond ￿￿￿e5 of Assc(w￿￿ OJted 16 Cttober 198L On￿r￿￿ 22 Morch 2CD4. bl Methodof appohtm•ntorectkJhotTntste•s Tw5tegs oré qyyntecl fr<)m orTX)ns the rrvYrthp of the C￿r￿MY ot thè AGM Yhe Trustee5 h¢NÈ the power to oFwnr Trustees to 111 c05u¢J ￿(￿oeS t)Jt reton offre untl the next AGM ot wh they will then ehg"Ue for re-¥erthx ￿ (yeenEnt wtth the of A$5￿K)t)rL thrd of thg Trustees retire ot the AGM. t￿1 elgble for re-elect c)P0ltsadDPtdf￿t￿è1ndUctb)nundi￿ry0t Trustees The in(kJctioft tr<xning for nev4ty oFwnted Trustees ctiyyses tsi •WttiY meetsng %Mth the 8wd of TrLtstees ot wh¢h o Ko¢k is This Inducles o ¢¢w of the so¥trr4rE (Ictuff￿L o copy of the most rècent ￿nucl rewrt gn(J finorcd stoteryEnts. o copy of the rrinutes of Trustee ftetNI95 ond o copy of the Chority com￿1551¢n￿rS SU￿Once Yhe Essentrl Trustee. Per￿￿dI¥. the ctre thrship of the Comp￿¥ lindudins 9xists￿ ne￿¥ VE￿nted Tru5￿5)0tter￿knl tri3¥)￿thryS. whith benefKv d) P0Y￿ky1orJeTr￿r$t0ff The Trusrees are res￿￿9￿1e for EY￿c￿8direct1cfft to the ch¢￿tY onct this ctyrEd wt free of o%orse for borh tiry exrensex The Festi￿1 tlrector 15 en9W on o trEnnK4 b05ts tx nxrtet rotes to curote the FestMI prworTYr The Trustees om to wy o for solwy to ottrrxi oxl reta￿ ond exFErt stoff. S)trries and benefrts ore dey9ied to be COEYretit￿￿ wth•i the choritot4e sectty ond ￿(4))rti￿te to the of e(Kh ro￿. An gJb-ComrrittÈe creotes ¢￿￿ fOrr￿S crnud wy rewi&¥s os of the opproisc4 proces •) Orygni5atvJno15ttuciure gndderi5n makkng The 8oord of Tru51ee5 ccNY¥Jnse5 not ss th￿ 3AS of the Festi￿￿ reKwtir)s d￿¢¢￿y to the cho￿ ond of TrLtstee5 Throuwt very. esFe¢rly ￿nn9the FestNo4. the C￿n￿￿)Y tEnefits from the congderot4e supwr of the LKhfeld Festwcd Frends IwevKW os Lthfield Festivol A5SCtthionl ond the 05SSt¢yi¢e of o sut6tcnt# nuff*Ér of Trjcknieer Pose 7

Lichfield Festival Umited (Acompanylimitedbyguar f)Rlskmtsrw•m¢ht The Trustees hove 05sssed the rrrfJ>)r risk5 to whth the cryrwiy ￿ exFQ5ed. in pyucukr those rebted to the OFerotions ond fin￿eS of the conymy. ¢Jid ore sotisfEd fhot sysiems (nd $yocedLJ￿S ore in F4oce to mitisrte expjsurè to the nwr nsls Tbe Trustees r￿￿te1n oRsk Re95ter wlKh 15 rev￿ed re9Jtsty. wtth h'w risk ( tin senstNe Iter￿ flw'for discussKJn ot BoNcl lti pky4forf￿￿IePer19ds o) F￿￿dÈve￿)Pffttnts Over Ihe next year. the 8wd ￿OnS to ryK¥ntr•n curTent of reserves thrtrJs c(itnuws risvrous oversiL The 8oorLt hopes to rr￿nt￿n the reser¥s ¥Kknxe by C￿mUm910 rotse the FestNol'5 ￿0f￿e. 0551Stgd by a focus on the £￿tinued coherence of the ccryts)y¥ stroiw (which wos furthw rveloped ckjring 2Ce4 ts7(J 2ce5X to ￿Into￿l fundng(wKJ thtst ctTh)nstrotes tx)th comnwool ooJed (¥ ortisti¢ intesyity. whlst ¢nsurmg C￿ (¥yowot¢ Use of fu￿ (x) O Wkr Leornry ond P¢rtriFX)tion syopmme. An inueaitly sUtte5$f￿ Chr6tmc6 e￿t h05 fKW ten pyt of the Fe￿￿￿$ reFert¢yre fc￿ o nutri)erof yeors. Thi5 successfully contnued nto ￿s lortl ￿ in the ￿l￿93t05￿$ 2ce6). h05 gnowecs o much steodiw srreom of kicorre throuout the yeor. wtth on r>JOtwyKd ccshflow t))ost ￿ o wevDJYy le55 ¢Xtivg Feriod. P￿8

Uchfield Festival Lirnlted (Acompthryllmlt￿byg1KwtrtW) foir blew of the state of offoY5 crf the th￿t￿le c¢Jr(<xy ¢JwJ of rÈsowtss a￿] wF4Uti￿ of

Llchfield Festival Limited (Acompory Ilmltedbygwrntee) Independent exlwnine￿srwOrtt0theTrttsteQ$Qf U¢hfieldFestlvd Llmited forthe earended 31December2025 Indepen¢lent•xamnerf5 fEpwlto theTru5teesol LhfldFesth4dLrted I rgtxyt to thè Trustees on rry e¥£Thrth￿ of the ￿L￿15 of the c(ry￿y for the w endea l December 2CES whth ore set ojt on p¥s ll to 26. R•spo￿1b￿SQ￿dbtlSoI report As the Trustees of the ccKtwy its LtrectL¥s the [￿P)Se5 of ccYrpJy kn¥) you 0￿ rewyble f thÈ wèporCt￿n of the tmxjnts in ttcor(xe wth the rewremÈnts of thè C￿r￿¥￿eS Act 21XE (the 21x16 Act'l. Howng SOt15fYèd Myse￿ thot thè occounts of the c￿r￿>}Y cye not re¢pNed to be cuAtecl ￿der Port 16 of the 2(￿ Act ond ore ¥gble for ￿deF￿ent eX(yThTh)ti￿. I repyt in resrct of my extsnkiotts)n of componys accounts os corr￿￿ CNJI undw SectL￿ 145of Ihe ch¢￿t￿ Act 2011 I'thè 20ll Act) kn ctyryn9OUt rny exoffnotion I hove followéd the tJrectUlS 9￿en by the Charrty ComrTyssion untsr Secti(￿ 145(5Xbl of thÈ 21JJ Att Independent•xuTrwr%stat•rn•nt Since the chontys sross ÈxceedÈd £?￿.(￿￿ ycLty ex(rriner rrntst bo o of o tct wth those r¢uwd&" 3. the occounts £10 not c(MnFly wtth Ihe wcountryrequreTh)ts of sectth 396 of Me Act other tFKn any rec¥JireThent thot tr ¢xcountS 9ve o'true ¢)x¢ fcr w￿ch i% not o rrotter Ccns￿ereCl os pJrt of L Idependent exomW￿t1W. or 4 the acctyjnts hove been Feptred wi rXcOrd￿ with the methcoJ5 ¢JxI of the Stotement of Rk¢omry￿nde￿ ProctKe for 4X￿ntI)S ond repyrn9 by chcritÈs opFl￿tle to d1tsrit￿S ryemnn9 the￿ cttounts (Kcordonce with the Finon(icA Si(￿(kjrtS tjpFkn￿e in thè UK IYKI ReFxJi4c of kÈlcirid IFK61021 l no con¢ems hove cKr055 m other rnotter5 in cOr)nett￿ wth ihe extYr￿1￿ to wh¢h ottentscn shouks ctrthvn in this repxt or￿r to enotje o Frfoper urNrstcnL5ng of the occounts to be Ka￿fi Nel50n FCA Cknns Audit Lmted ChortereLI ACCOUnt￿t5 Birr[mn￿Qm Dote.. 24 2fj26 P4e 10

Lichfield Festival Limited (Acompany limited by gu¢rantee) Statement of fin(rKlal (Ktivities fj.ncorporatln9lncomea￿exPenthture ￿cO￿t) forthe eorhnded31December20) Rest￿ed fund5 fvnds Totalfund5 Ye¢rertdÈd 31Dec 202S Totd funds Yeor er&tl 3] Cec 2024 31Dec2025 311>Èc 2025 lrtomfrom: DonotH)ns mcl le9Th5 Choritoble xli￿ltE5 hvestrTEnts 238J89 254360 2250 23109 261298 2S4260 2250 23).766 247.076 494.799 23109 5t7S08 480.890 &6.7 4733n 23109 496.479 466327 Totole)¥ent 4733n 23J09 496A79 as6.￿7 Not movementinfun 21A28 14363 R•Concr￿n0ffvn￿. Tot<A fun(ls browt f¢Th<xd Tottslfvndscot71edfoTh¥¢wd 133389 133,789 ]19.426 155217 155217 133.789 l <ttiwtyes ￿￿te ¢0 contirnJww3 ¢)perotKX)& The Th)tes cn FKEes 14 to 26 form Frt of these f￿￿K1 stoterrnts PCSE ll

Uchfield Festlval Umltad . (Acompay Nmlt•dbyglmrt••) at*c 2ce4 LT1fi24 (47SJ Unrestrtted t￿￿$ P¢>3p 12

Lichfield Festival Limited IAcomp(¥)y limit•dbyguai%witee) C05hfiow st<rtement forthe ewended31C)ecember2025 2025 2024 Net tfOVKle(I by oper¢JtYs (Ktimt 2SJ41 24,869 Neteosh provk4edby operoth8<xtr4kns 2SJ41 24.969 2250 Purchose4f tIX9ile fixed ti5setS 0881 4731 Nettosh uaedhknvesth9actlvi￿s lJ62 12.625) Ch¢nge tneash•ndcosh e••<Atsknthe yeor Cosh'and c05h e(wNolent5 brout forward 26303 143284 22244 12LI>I0 Coshandcosh e¢yJp4ol•ntsc<yrdfonb￿rd 169587 141284 Pose 13

Lichfield Festival Limited IA¢fimpony limltedby S￿<￿tee) Not•stothefln(mcial statements forthe eorend•d310ecember2025 Generalknformoth)n Liqhfieky Festwrl Lmted is o Ch￿l10￿￿e corff<ny ncorrxY¢xed in the UniteLI Kn9Jm (Jx¢ re9Stered n Eng(￿ rxKI Wthes. The othke55 of the re9Stwed off￿e ts 9￿1 the referer￿e cxlmini8tratKy) det¢ils on l of these fjno￿￿1 stoterrents ￿ notwe of the thtyitvs oFwotWS w￿l￿j Octmties Ixe detoiled n the Trustees. ￿KOrt on FOPS 5 ro g of these frthocd s10tew¢t

cc•untVl9 pokns

These fwwcKJl stOWTEThts been rxewred with Actwntir£ ond Rewtin9 by Chontie& Stoterfent of Rect¥YYrErKled Pr¢xEre (¥¥4￿0￿￿e to Ch￿1¢5 p￿KI￿n9 they ttcounts in occorcknrncÈ wrth thÈ Fincy)tsol ¥rutJn9 StcrKkn4Y cr¢ot4e in the UK 5¥pJt4r of IF￿6 nutry 2019). F￿ ILE stently O￿le￿ to cth ￿rIXI$ syesented un5S Othgwse stoted After nTrJbingtWWk)te the Trust￿ o reosiythe ex￿￿Otfft thot the compony hos ¢xvote resovrces to continue ￿ ￿rot￿￿Kd ex15tente for o of et leost 12 months frem the cJte of opFYovd of these firoictcl siole￿ents. Fly this reoscffi they continue to odc>pt Ihe s￿9 ctsKem syepyrg the fIr￿KIC4 stoterfWt& Comparby StotUS The comKx)ny is o Iwywted by 9xnntee The of the Corry￿Y ore the Trustee5 ntynÈd ￿ pogtr i In thtr event of the corwrny berywwnd up. the I¥*￿11¥ fft respecr of the sj￿<￿tee ts JirThted to £1 Fer ol the ciryoiy. Pose 14

Llchfield Festival Limited (Acompony Hmitedby gwront•e) Notestothefinancld st¢)t•ments(¢¢)ntlnued) forthe eorènded31DecÉ.Yb•r2025 ¢ountfvJ poklws(contknu•d) Generd furKts ￿.e uwestricted fun¢ts whKhtye Ot thp ¢SscrÈtv)n of the Trustees in furthW0n￿ of the otfaives of c(¥T1P￿Y ThKI whth hove rK>t been 151gYJteLI lor other WrE￿se F¥strrted fth(ts (e funds txe orty I￿1(￿1e fu use in furtherrmce ot the SFeofK wrpose fcf whKh they were InNestrrwt nccme. sr•ns kJsse5 we cknoted to the wcyb?te fund IS

Lichfield Festival Limited (Acornpmy Ilmitedby giirriYit•e) Notesto thefin(¥Klol stotements(cOntin￿d) forthe oar ended31December2025 ountlng pgkles(contiMKdJ JI tywme is recowised cyre the C￿r￿￿Y h05 entrtI￿nt to the inc¢yr. it is the For le9x& entitrrent is t¢JlEn os tr￿ etyherof the Lxe wlKth eithw. Ihe CL￿nY B LTb¥c￿e thot protKxe hos teen gonted. the estote hcs been ￿trfICul￿In htss teen mode by thg eXeCUtu(sl to thp Trust thtst o ctslntsJtk￿ wrfl be ny). when o 015trthtpon rÈceivecl from the estote. Recopt of o lewy. n whoqp or i5 ¢y4y cwsKtwed when the ar￿Unt coi te rreosured r￿￿)t￿Y ond the c(nrffiy ten notified of the ex￿￿10￿5 Intentrfft to o thstritrxJth)n. Where We5 ho noiifl to Ihg ccwrwiy. w the corY¥)my is (w4are of the ontws of wotitÈ. the criterri for incorr rec0wit￿ not teen nt. then the Wcy is treuied 05 0 c￿tin5￿t 05set rftsdosed rf rrKeriol. &"fts in ￿ ￿nOte￿ for dstribjtrm Ind￿je￿ ot ond recwtsed os [r￿Orne when they d$trknt￿ to th¢ syopcts. ￿lS donoted fc￿ res0￿ ore irduLled 05 irwr¥ when they ore sold. Ckjnoted fuc11t￿5 tye I￿jUded ot the valje to the ccrr<ny this con ke {W￿tif1ed ond o third beory the cost. No WKxJnts tye in thÈ sroterfwts for serwces ofonot¢<l vrJunteer& Lkrthed services or f¢￿￿$ recw¥secl when the hos ecffitrd o%Èr thÉb itefft ond con&rt￿5 0550CbJieol with the (knoted item ho¥ been the ￿elpt of econorrc trnefit trom rhe use of the item is ond thot eccnorrK benefrt can te rreosured reliotAy. In ￿cord￿￿te with the Chorities ￿)1¥1 IF￿ ￿). the serwd v(knteer tin of the LichfÈkl Festivrj FrieThJs 6 rot recowised •eose reter to Ihe Trustees, repx for ryve ￿f(￿rIm3t￿?Th oithjt their contritrxjtion. On recgpt. donoted ry0fess￿￿ servitss orKI dontsted f(￿lit ore on the of the vclue of the gft to cryryyry whth ￿ the affwnt the corrw)y Wol￿￿ ho¥ Ixen wlliTh9 tts poy to obt(w) sefyKes c fxditE5 of eqLIvrJ￿t ecor￿￿r￿ t￿fit {￿ the c)en nyjrket.. o correspondng omwn¢ s then recowd tn expeTrJtLwe in the of recthpt. hcome t¢x retovÈr(Ye in rek)tth to dO￿tic¥1$ receid Lnder (3ft aid ordeeds of ¢(yvenont is recowised ot the t1￿ of the £tyK￿n. hcomp tox recoverot4e i reh)Ip￿ io in¥e5trTWt mcc￿T 15 recowd ot the li￿ the investrrent 15 rsce￿oblÈ. Other wcome is recowi5ed ￿ the perityl ￿ whith it 6 r￿V¢Ie on¢J to ihe extent thot ￿0dS hove n ￿0￿￿e£l CK on Corr￿￿￿t￿ of the service. Pos 16

Lichfield Festival Limited {Acomp￿v limited bygu(r(mte•) Noestothefln(xKiul staternents(con forthe e<y".ended31tamver2925 pok5 kontkHwprfJ ExFen¢Jiture 15 reCry￿e￿ <)ffKg there is o c￿StruCt￿? otfjsutkx to tr￿sfer econorrit benefit to Q Ihrd pyty. it IS Fxot￿tIe thot o tr<xtsfw of ￿¢￿0￿￿ Lenefits wiv be ￿quIreLY settlerynt crKJ arrKX￿t of tPE be rn￿sUred r￿￿y. ExFwLfitLKe ts ck3ssfied tiwty. Thè costs of eG£h octiwty ore rTh)Ye up of the totcl of drect costs cknd costs. lu<￿ WF¥￿ COSt5 Invdverj in urrtcthng ecth c£tMty. Ckect costs (jttri￿ta￿￿e to o swge (3Cti%fjty ore oM¢xated (Irttly to that ￿tl￿tY. costs whth ￿￿tr￿tste to thon cctsvity supKur Costs whth ore ntst ottritxjtl￿ to o W fxt1￿IY (Ye oprrf)rti¢xied between those octmt￿s ￿ o tCSS Cty1Si5t￿t wth ttr use of rÈs(xJrce& Centrd stoff costs ore (￿ctoted on the t￿5[5 of ￿ ¥ent ond £￿￿eCI010￿ ch(rses Lxoted thg Kwtion of thp osset's use SJpkXrt costs tye thosÈ costs inafftd dreth n gjwrt of exKEn(fiture the objects of the Choritotle (Ktiwti¢S (WKI Cx)¥rnuKe cosis Costs wicurre(J on ihe ccry￿¥¥ ethjcotion operoiicns rOu¢Sn9 SUFPVt Costs ¢￿t05¢s r4otv)9 ¢0 the 9)veMOr￿ of the cOm￿Y o￿tioned lo cho￿t￿e octwtie> L7 TongllJlfft•d055•ts(v￿tkw¢ckn A review for imFrrent of o fixed Cfaset iscorrwl out rf events or CWCLm5ttyKes (Icote thgt the c(ryn9 vduÈ of tyiy fL¥ed 05set rrw not r¢coverotle gKrtf¢Y4s t)etween the ctXryV￿ of fixed ossets (Jnc¢ reco¥wct orfDunt ¢xe recwi5ed 05 lThkKxr￿￿￿t ImFKMrmwt losse5 rwEed ￿ the Stoiemit of inccrt ond ex￿en0tUrey ￿COUnt TC￿9t￿e fixed 05sets tye corTied oi COSL nÈt of deryeCiotx￿ ond ony for Impj￿rren1. Oetyeciotion is ￿0￿ded ot rotes ccdoJknted to wnte off Ehe cost of f￿￿cl ossÈt& less thr Fumitvre. fittiy or%J offKe equyrnL Xa Str¢>tlne Pknt ¢ncS equiFwwt. 2(fA Strwi Iir 18 Int•rest r2ceP4able rel￿tlY by the cc¥Twy. thts ts nLYrr(4ty rotrfr0tI￿ of the ntsrest ¢)r KM)y￿e by the t￿Thl Pogè 17

Lichfield Festival Limited (Acompany Ilmltedbygu¢rnitee) Notes to the firKv)¢iul stotements (contin4 garend￿310ecer.b?r2O2J 0untlngp0￿es (conthued) IS Debtlys Trod@ oid other debtors c￿e recwwl ot the setuwrent crnwst oftw cmy trocje Llscwnt offered Prerx)ynnts volued ot the onKJvnt net of ony trcxye cb5COUnts due UO Cashot bankondln hond Cosh ot tKnk (nd in hond indLKles cosh sh¢yt term frtwid inve5trrnts with o short motwity of 3 rronths or less from the ck)te of or oreniTraof the depoyt or snrylc count Lhitities recwd when there is cn oNgJtNJi ot the 8ran￿ oet th2te os a resLAt of o pjst event. it is prO￿￿Y that o trwsfer of eclYK￿ le￿it reryved ￿ SettIerr￿n￿ the Th)unt ol the SeLtlWr￿r ccm be esttiytited L.ioLilrf(ies (we ot thÉ (￿￿￿tth0t the cCwnp￿Y ￿t01X￿¢es it will poy to set¢le thÉ& rJ2bt or it hos rff￿ve￿ 05 tikncecl rwrÉnts fu the serwKes it rryJst prowde. Prowsws rrE05ured ot L5t estKYK)tè of the Lyrwnts reqLHre£l to settle the rt4yJtw. Wnere the effect of the twi vdue of rrX￿eY i% rrM)tÈrA. thÈ yowsitin ts txysed on the wÈsÈnt volue of those £rrKJwts. dscountEd ot the ￿e-tOx ¢YisccxJnt rote thot reft5 the r&5 specif￿ to the l￿b￿lIV The uriwThfiry of tP>È dtscount Is rÈc(wised withw) nterest KX)ycAe ¢YKI swnAor rhors. 112 FhKwKknlJnstrum•r The onty ￿S fmncioy ossets fI￿id kJ"iits of o lind t￿r quolrfy os bosr fina￿1￿ iristrvmwts Bosic r￿K￿CK)I w)strwwts tye inrtKIty wEed ot tr￿s£￿t￿ volug onLI subseouently n*ogJred ot their settleff￿L vdue with the exception of kxJDS which o 5ubsEoJentty rrEowred ot ¢y￿t￿l cost uw£ effectNe nterest rrethod Prip 18

Llchfield Festival Llmited (Acompmyllmltedby guar(￿te•) Notestothefin(wKiol stotements(contlnued) fert￿ earended31December2025 RestrfKted funds funds Y￿end0& Y￿e￿llEd 31 tkn2025 31 Dec202S Totol tunds Yoorendod 31DEe2025 Jn50rship d(mtK ¢￿t5 ond Publ￿ ixKfig5 233.939 4250 240548 20.750 16500 . Totd dOn0t￿S bnd 238J89 23J09 261298 UnrestrKted fur Fstricted funcls Tot fLtnds 31 Dec. 2CE4 & Ec 2ce4 31 Dec 2(￿4 188.278 &762 188.278 42.487 ants bJdie5 .725 Totol (Jnorions oid lews 194.041 .72S 230.766 Intamefft¥mthtwtiblÈot￿VIt[es fur+d5 Yerye¥Kled 31 Dec202S frJThd5 Yearended YeorendEd 31 Dec 2025 31 Dec 2025 rtht sc4Ès 225OlS 28544 22&81S 28.S44 Totol Inco￿ from choYtt(tye (tt￿$ 254260 254?60 Unrestricred rtrictecl Totd furég Yeor en¢Jed Yeor endÈd 31 Dec 2(E4 31 Oec 2CE4 31 Dec 2CÉ4 214J43 .933 214.143 32.933 &le of n￿rCh0nd￿e (YKf Othw f￿l<i5￿￿ Toiol ince￿ from th¢yrcoL4th (tri￿l*S 247.076 247.078 Pop 19

Lichfield Festival Limited (Acomp<my Ilmlted bysuornte•) toth•finoDciol stotements (¢ontlnued) forthe earended31Dècèmk?er202 Inconfrnm (nvestments ihrE#rK-led fund5 Ygw•nded 31 D•c 2025 flmds y￿eftded 31 Dec 2025 Yory¢nded 31D•c2025 Bonk Ihttrest recefftl 22SO 2250 Tctcl inccrre frcrn inStr7￿ts 2250 2250 Lknrestitted fund5 F&5trrted Totd f￿r￿S Y￿r ended Cjec 2￿4 3E Cc 2CE4 31 OÈC 2ce4 8onk interest re￿it1 Totd rrorre fr(yn in¥estnnts 2,848 2.848 ntslyslsof re50urcesewndedbyoctfvths 05ts Yewnded 31DÈc 2025 Tott YtyendÈd 31 Dec2025 Yew¢Thdpd 31Dec2025 FestiKls ¢md events 414287 82J92 496,479 costs Totd Yeor ended 31 L)Èc 2024 31 Dec 21E4 FestNoLs events SJ93 466.327 20

Lichfield Festival Limited (Acompo)ylimbtedbygU(rryitee) Notes tothe fir￿-.t1(A statements(¢ontlnwd) etrendfrd31DKem.ber2025 & ￿¢￿Sts tunds Y•orended 31 De¢ 202S 3ll)ec202S 31 Dece02S iisi fee5 E¥ent costs Irrecover(le VAT 1088 144A50 29080 4814 57213 1.058 IB74 151M88 0950 e9￿80 11.423 $7213 1.058 IA74 I6￿00 6A09 Per6￿n Totol ¢Jirect costs 39U79 23JOg 414287 Imresrrtted funcÈ I￿str￿le￿ fund5 Totd Yeor ended 31 Dec 2CE4 31 C*c 2CE4 31 Dec 2ce4 Artist fges Ewent cast5 Ir￿0Ver￿tIe VAT Letsmin9 ond pryt￿r￿t￿￿Tr Wys ￿(rieS Pensk)n cC￿Er￿jtN￿s OeFKeuotN)n I￿.683 J29.]26 27.1 4.171 135.683 I49.ODI 27.OQ3 2LQJ 5U98 904 L382 19.875 16.8S) 904 Totol direct costs 349,468 .725 6J93 POF 21

Lichfield Festival Limited (A¢ompany limit•dby9￿<mtee} Note5 tothe fln(NKlol statementslcontkm￿ farthe eai ended31December<￿5 Suppjrttosts fur Total Ytorel￿d Yetyended Y•orended 31 Dee2025 310ec2025 310ec 2025 EstOt4trknr￿t exFenses )notons tts IcK(I th9rit￿$ Con5Lltoncy fee5 (vernon¢e tost5 12n25 2S 63285 6BS8 12Q25 25 63285 6858 Totd supwt cosis 82J92 B2J92 L￿￿sts￿led Restrrted fund5 Yecr erK￿￿ [ 2CE4 2CE4 Totcl Yeor ended 310ec 2(E4 Estolsishment èxwsÈs Oonotions to kxol chortl ConsultcrKy fees )v¢rrKYKe costs Jll S9.844 Totd SUp￿rt c¢)sts eo.L33 8OJ33 a N¢t&KOm￿lEsa1IrceSItr￿ouTr¢5 •¥PWKW) This 15 Stoted tyfter Yeor•nded 310¥2025 Yeor ended 31 Dec 2CE4 Depre￿t￿n of ton9tAe fYKed (r>5et5 owr￿0 by chority h￿Q￿ndent exomner¥ fee IB74 2570 2.2CO POSE 22

Lichfield Festival Limited (AcornponylSmftedbygu(Y(mtw) Notes totheflr<•Klol st¢7tements (c¢ntinwd) forthe eorended31C)ecember202S Stoff ¢a5ts Yegrendpd 310Èe2025 Yeor ended 31 Dec 202.4 57213 I￿56 SU98 904 Pensiti) costs Yotul 5toff c05t5 $8271 52Jce The Over0￿ wrTthr of pErs￿S erTWoyed by the ¢(￿¥￿V Ihe pernd wos as folow&. Yeorended Yeor entsgd 31Det 2025 .31 Dec 2ce4 Festbwil stoff iQ. T￿9￿**IXed{S$¢tr Fumlture. fftlkngsand PkmttyKI Total Cost At 31 De£erthr A￿&t￿n$ 2.cej 13.010 L088 ICB8 At 31 Oecents 2￿5 2P21 14.098 16Jlg DeprKblknn At 31 0￿￿rter 2ce4 Chcrst for the period io.'i 1470 10.486 L874 At 3] llkCer￿r 2(E5 740 llfj21 12361 Netbook va￿e At 31 Decemter 2ces 2.478 3.759 At 31 Decèrnbw 2ce4 L685 2.860 4.$45 Pose 23

Lichfield Festival Limited IAcompanylimitedby guarrmt•e) Notestotb.¢flncmr.Id stotements(conllnuod) eorended310ecember202 31Det2025 & De¢ 2CE4 Trthe debt¢Y5 OthÈr debtors prèp0vr￿nts and r￿Cr￿￿ incC￿e 4.455 990 20.436 5.194 933 28.2ll Totd 25B81 Ji crytht￿(￿nayTrts￿kn8 wlthnoneye•r) 31D¥2025 31 Dec,2￿4 Trode tre£AtcKs Orhffr toxatb)n ¢rKJ 50CtoJ securrty 19.591 S867 21938 7.574 34389 Totd 41.963 47.357 2025 2CÉ4 Defwecl hicc￿ ot l J(￿Y 2CP5 50urce5 dÈferreci the Kri¢xJ 15376 31,574 QS376) 2L326 15.376 (21*61 Tot(A 31574 15.376 11 Cr•th0r5:(￿nath￿ts1OthS uft•ron•yttr) 31fiec 2025 J D8c 2ce4 2n46 Ice3 rotd 2.046 1023 Post 24

Llchfield Festival Limited (Acomponyllmlted by8utyonte•) Notesto theflnoKkd st¢)tements(contlnt forthè earended31December2025 14 Statement offvnd5 Brnught Summbxyoflund5-31 DKembEr2025 lonvud Irthmbis CorTled forwor G•ner4lfvn& 133389 494299 23J09 (4733711 3J091 15W7 Tottdtunds 133389 517.908 (496.479) 155217 8rwt Corrie forwttrd rrYrKryof fun(ts- 31 Cerrtr 2(E4 Cnercl fur￿5 ftrKted fvnds ll9.426 44ag85 .725 1429.$Ce) 136.7251 133789 Totol funds 119.426 48Q690 1466.327) IU789 Restrrted funds djring the yecy encd 31 [￿rnt)er 2CPS rek)te to fundry recewed fror Lichfietd Cistrict Countil. ts)d nuffÉrous iidvdurj c¢wote ¢Jwors. T￿ were to cover ¢ommunity events provKd os pyi of the FRstNcd 202& Klu5 ry1s¥yrw319(mng oThJ rAjrtiCir￿tXjn yotyfree rrKJ&r lessons to chikjren ￿ lo￿ School . R•conc&Jtknnofn•t mgvEmentknfvndsiort¢ashlknwfromop•rathyiKtl¥ths 2025 2CE4 Net expeThJrture f¢y the yecy Io&kW %otennt of w1￿11￿s) 21A28 14.3 AIJu5tmertfotr. 8onk interest recavéd OeJyecvJkin chorses rkcrÈ05e / Irtse(3sel in cbtcYs lfttreose / {d￿e0$e) ￿ credtCWS 250> 1074 8.789 14,71)0> 12.8481 L￿2 1774 IOJ98 Netcosh Fv•vldbYop•mtry￿lVkn% 25J41 24.869 Po5p 25

Lichfield Festival Limited (AcoMp￿yllrnIted bygu(rontee) Not8stotheflnrmciolstat•men.tslcontkn￿d) forthe eitrended31DeKember 310e¢ 2025 31 Doc 2￿ Cosh in hond 169587 143.284 T¢)tdfvrwJs 169587 143284 17. R¢lot•dparty tran50CtK¥ns Jrin9 the yeor erthd 31 Ckcertr 2CE& - The COm￿Y wofesyincl fees respect ot the ¢YèFhYot￿ri oThJ SLtsrYs￿r$ of the stotutory occounts by the ¢wrent Tre￿rer. Ck Lug. o%Ckt knountins LKhfield Lirrited . The comwy )CLKred ￿￿Ofe￿I0￿￿ fees respÈrtof pjffoll wctessry bcx)k-kÈepn9 ffyaewnt occLyJnting¢nd forecostry by the current Trecwrer. Otsre Lue. troJng 05 ￿or kn￿nti￿LichfIttld Lrnted - The cL¥yP￿y ￿Kwre￿ eXpen(fitY￿ ￿￿tyrSt0 venL (md rretws rocm with LKhfeld Cothedrol. (¥￿ther entity with corTYrrf)n trusteesh - The cornpjny receNtd soles r￿tIN￿ to"1)￿￿￿ frLYn Cothetrd. onother entity wf(h COnYr￿ trusteeshi At the sheet dote. these orr#￿t$ htyl dl tw setts 311)e¢ 2025 31 tc 2CE4 Adve￿￿}9 inron venL￿ ond rretirv3 room hire Preporatiw ond sutnW55w of stotutory CKCWtts Poyrdl [￿esSn8 (thd rTh)yrrent fees 4S5 25J20 2.8 22.048 2X> 4.378 4.004 Pose 26