2021-03-31-accounts - The Huddersfield Contemporary Music Festival Limited

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		CONTENTS
			Page
Reference arid Admlnlstragvs		Inlsrmagon
Report ofthe Committee	of	Management
Independent Examiner's	Report		to
Statement of Flnanrsal Activities
Balance Sheet			12
Statement ofCash Flows
Notes to the gnanrdal statements			14

			Unrestricted	Restricted	2021	2020
		Notes	funds f,	fundsf	Total	Totalf
Income:
Donations and legacies
Donations and similar income					9,096	17,174
Income from charitable	activities
Contemporary music festival
Grants		2	342,773	26,816	369,589	452,972
Boxoffice and other festival income		3				34,979
Building Fundraising Capacity
Grants
Learning and Participation	programme
Grants				2,417	2,417	3,000
Creative Europe (Sounds	Now Project)					51,308
Investment Income
Bank deposit interest			46			195
Total income			351,915	23233	381146	553628
Expenditure
Charitable actlvltes:
Contemporary music festival			147,030	26,816	173,848	439,718
Building Fundrsising Capacity			23,918		23,918	18,293
Learning and Participation	Programme		699	2,417	3,116	16,805
Festival and audience development			10,163		10,163	39,697
Sound Now Project				10,910	10,910	1,682
Governance costs			32,658		32,658	41,601
Total resources expended			214 485	40.143	254,611	557 784
Net movement in funds			137,447	(10,910)	126,637	1,844
Reconcggatlon offunds:
Total funds brought forward			(11,147)	49,626	38,479	38,635
Total funds carried forward			126,3DB	38716	168,D16	38,479

BALANCE SHEET AS AT 31 MARCH	2021
				Xebec		Loal
				2021		2020
		Notes		8		8
FIXEDASSETS
Tangible assets				783
CURRENT ASSETS
Debtors and prepayments			38,344		93,106
Cash at bank and in hand			201,499		72,625
			239,843		165,731
CURRENT LIABILITIES
Creditors amounts	falling due
within one year			(75,610)		(127,252)
Net current assets				164,233		38,479
Total assets less current liabilities				165,016		38,479
NET ASSETS/(LIABILITIES)				165,016		38,479
FUNDS
Unrestricted funds		10		126,300		(11,147)
Restricted Funds		10		38,716		49,626
				165,016		38,479

FOR THE YEAR	ENDING 31	MARCH 202	1
					2021	2020
				Notes	Total 8	Totalf
Net cash used in	operating	activities		18	130,003	(4,605)
Cash flows from	Investment	activities:
Interest					46	195
Purchase oifixed assets					(1,175)
Net cash provided	by (used	in) investing	activities		1,128
Increase/(decrease)	in cash and cash equivalents			during the year	128,874	(4,700)
Cash and cash equivalents		brought forward			72,625	77,325
Cash and cash equivalents		carried forward			201,499	72,625

				Unresblcted	Restricted		2,021	2020
				Funds	Funds		Total	Total
Grants receivable				E	E		E	E
United Kingdom
Ans Ccuncl England				246,073		248,073		241,627
Arts Council England Klrklees Coundl	(Culkurs Recovery Fund)			25,000 30,000	935	25,000 3D,935		33,000
Kirklees coundl (Business Rates		Pool)						31,834
PRS Foundation					15,000	15,000		15,000
Univemtty ofHuddersEeld						40,200		40,000
Arts coundl England RVW Trust	(catalyst Evolve)				5,000		5.000	13,795 5,000
Himlchsen Foundaaon								10,000
Ernst VonSisrnens Music Ibundaaon					2,818		2,816
Chlldrens Art School					1,482		1,482
Leeds cky council Brlash Council				1,500	4.000		1,500 4000
				342,773	29233	$72.008		395D58
Goethe-Institut								2,684
Dutch Performing Arts STIM's Coundl for the Pmmoaon		ofSwedish	Music					12,671 22,513
swiss Ans Coundl Pro Helvella								23,068
Creative Eumpe (Sounds How)								51,308 112224
Total grants				342773	29233	3	008	507280
							2021	2020
Boxoffice and other	festival Income						E	E
Het festival box olflos	Income							25,285
Broadcssang fees - BBCRadio								9,714

	The number ofemplo was nil (2020 nllb	yees whose e	moluments	as defined for lsxabon	purposes amounl	ed lo over 280,000	in Ihe year
	The avmage number	ofemployees	cakuleted	on a fug-time equivalent	basis, anelysed	by function was
						2021	2020
						Number	Number
	Festival Programme
	Festival Development
	Governance
						OIBca	Total
7	Tangible fixed assets					Equipment f	5
	Cost
	At 1 Apr) 2020 Additions					12,452 1,175	12,452 1,175
	Al 31March 2021					13,627	13,627
	Deprectsuon
	At 1 April 2020					12,452	12,452
	Charge for year					392	392
	At 31 March 2021					12,844	12,844
	Net book value
	At 31 March 2021					783	783
	At 31 March 2020
8	Debtors
	Income receivable					34,815	83,708
	Prepaym ants VAT recoverable					3,058 471	3,550 5,848
							93,106
9	Creditors, amounts	faElng due within one		year		2021	2020f
	Other trade creditors					16.141	115,900
	income received In advance					46,617
	Other taxation
	Accruals					13,852	11,352
						75,610	127,252