| Lake District Summer | Music Limited | |||||
|---|---|---|---|---|---|---|
| Contents | ||||||
| Reference | and Administrative | Details | ||||
| Trustees' | report | |||||
| Trustees' | responsibilities | in relation | to the financial statements | |||
| Independent examiner's |
report | |||||
| Statement | offinancial | activities | ||||
| Balance sheet | ||||||
| Notes to the financial | statements |
| Lake District Summer | Lake District Summer | Lake District Summer | Music | Music | Limited | Limited | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reference and | Administrative | Details | |||||||||||
| Charity name | Lake District | Summer | Music Limited | ||||||||||
| Charity registration | number | 516350 | |||||||||||
| Company | registration | number | 01887957 | ||||||||||
| Principal | office | Stricklandgate | House | ||||||||||
| 92Stricklandgate | |||||||||||||
| KENDAL | |||||||||||||
| LA9 4PU | |||||||||||||
| Registered | office | Stricklandgate | House | ||||||||||
| 92 Stricklandgate | |||||||||||||
| KENDAL | |||||||||||||
| LA9 4PU | |||||||||||||
| Trustees | R Kellaway |
MBE, | Honorary | Life | |||||||||
| President | |||||||||||||
| H T G Hands, | Chairman | ||||||||||||
| W H Sang, Deputy Chairman | |||||||||||||
| T A Davis, Honorary | Treasurer | (appointed | 28 February 2020) | ||||||||||
| RJ D Dodgson | MBE | (appointed | 28 February 2020) | ||||||||||
| R Hall, Patrons | of LDSM | representative | |||||||||||
| W G Jackson | |||||||||||||
| W Lloyd | |||||||||||||
| H L Nasmyth | (resigned | 1 November 2019) | |||||||||||
| M W M Rayner | |||||||||||||
| T Reynish MBE |
(resigned | 2 October 2020) | |||||||||||
| J Rink | (appointed | 28 February 2020) | |||||||||||
| J Scott | (appointed | 28 February 2020) | |||||||||||
| ST Threlfall | (resigned | 30September 2020) | |||||||||||
| C Wardle | |||||||||||||
| Accountant | Dodd & Co Limited | ||||||||||||
| FIFTEEN Rosehill | |||||||||||||
| Montgomery | Way | ||||||||||||
| Rosehill Estate | |||||||||||||
| CARLISLE | |||||||||||||
| CA1 2RW |
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||||
| Note | f | F. | |||||
| Income and endowments | from: | ||||||
| Donations and legacies |
2 | 85,339 | 1,000 | 86,339 | 131,931 | ||
| Charitable activities |
3 | 73,701 | |||||
| Other | 4 | 205 | 205 | 231 | |||
| Total income and endowments | 85,544 | 1,000 | 86,544 | 205,863 | |||
| Expenditure on: |
|||||||
| Charitable activities |
69,455 | 1,000 | 70,455 | 212,690 | |||
| Total expenditure | 69,455 | 1,000 | 70,455 | 212,690 | |||
| Net movements in |
funds | 16,089 | 16,089 | (6,827' | |||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 46,838 | 46,838 | 53,665 | |||
| Total funds carried | forward | 62,927 | 62,927 | 46,838 |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||
| Charitable | activities | 73,701 |
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | |
| K | ||||
| Other | 205 | 205 | 231 |
| Raising | Other | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | expenditure | 2p20 | 2019 | |||
| Direct costs | ||||||
| Voluntary staff costs |
4,024 | |||||
| Artist fees and expenses | 1,060 | 1,060 | 49,849 | |||
| Event costs | 2,277 | 2,277 | 25,161 | |||
| Wages and salaries | 4,024 | |||||
| Staff and tutor fees and | expenses | 5,770 | ||||
| Printing and stationery |
8,142 | |||||
| Press and advertising | 2,545 | 2,545 | 10,015 | |||
| Promotional expenses |
and discounts | 3,687 | ||||
| Accommodation | 11,362 | |||||
| Credit card charges | 327 | 327 | 578 | |||
| 6,209 | 6,209 | 122,612 | ||||
| Support costs | ||||||
| Wages and salaries | 2,012 | |||||
| Freelance staff | 3,807 | 36,970 | 40,777 | 55,008 | ||
| Rent | 361 | 6,857 | 7,218 | 7,185 | ||
| Insurance | 23 | 430 | 453 | 768 | ||
| Telephone and fax |
63 | 1,362 | 1,425 | 1,787 | ||
| Office expenses | 9 | 171 | 180 | 395 | ||
| Computer software and |
maintena | nce costs | 85 | 1,626 | 1,711 | 2,065 |
| Printing, postage and stationery |
831 | 831 | 993 | |||
| Trade subscriptions | 300 | 300 | 609 | |||
| Sundry expenses | 9 | 337 | 346 | 376 | ||
| Travel and subsistence | 411 | 3,702 | 4,113 | 5,857 | ||
| Promotional expenses |
2,752 | |||||
| Accountancy fees |
137 | 4,169 | 4,306 | 7,752 | ||
| Independent examiner's |
fee | 720 | 720 | 720 | ||
| Legal and professional | fees | 235 | 235 | 67 | ||
| Bank charges | 122 | 122 | 225 | |||
| Depreciation ofoffice equipment |
1,509 | 1,509 | 1,507 | |||
| 4,905 | 59,341 | 64,246 | 90,078 | |||
| 4,905 | 65,550 | 70,455 | 212,690 |
| Accountancy | fees | |
|---|---|---|
| Independent | examiner's | fee |
| Legal and professional | fees |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Charitable | activities | ||||
| The aggregate | payroll costs ofthese | persons were as follows: | |||
| 2020f | 2019 f |
||||
| Wages and | salaries | 10,060 | |||
| No employee | received emoluments | ofmore than f60,000 during the | year (2019 - No. 0). |
| Piano, staging | |
|---|---|
| and office | |
| equipment | |
| Cost | |
| As at 1 October 2019and 30September 2020 | 75,328 |
| Depreciation | |
| As at 1 October 2019 | 73,819 |
| Charge for the year | 1,509 |
| As at 30 September 2020 | 75,328 |
| Net book value | |
| As at 30September 2020 | |
| As at 30September 2019 | 1,509 |
| 2020 | 2019 | ||
|---|---|---|---|
| Trade debtors | 485 | 762 | |
| Other debtors | 2,318 | 4,838 | |
| Prepayments | and accrued income | 20,000 | 25,918 |
| 22,803 | 31,518 |
| 2020 | 2019 | ||
|---|---|---|---|
| Trade creditors | 4,892 | 904 | |
| Accruals and deferred | income | 2,100 | 2,000 |
| 6,992 | 2,904 |
| Other | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Within | one | year | 3,168 | 3,168 | ||
| Within | two | and | five | years | 3,024 | 6,192 |
| 6,192 | 9,360 |
| At 30 | ||||
|---|---|---|---|---|
| At 1 October | Incoming | Resources | September | |
| 2019 | resources | expended | 2020 | |
| General Funds | ||||
| General funds | 46,838 | 85,544 | (69,455) | 62,927 |
| Restricted Funds |
||||
| The RuN Fund | 1,000 | (1,000) | ||
| 46,838 | 86,544 | (70,455) | 62,927 |
| At 1 2018 |
Incoming resources |
Resources expanded |
At 30 September 2019 |
|||||
|---|---|---|---|---|---|---|---|---|
| General Funds | ||||||||
| General funds | 53,665 | 130,275 | (137,102) | 46,838 | ||||
| Restricted Funds | ||||||||
| Stephen Bell Charitable |
Trust | 3,668 | (3,668) | |||||
| Strategic Cultural | Partnership | Grant | 6,250 | (6,250) | ||||
| RVW Trust | 1,500 | (1,500) | ||||||
| Roundhouse Foundation |
2,000 | (2,000) | ||||||
| Martin Rayner | 2,420 | (2,420) | ||||||
| The RuN Fund | 1,000 | (1,000) | ||||||
| Patrons of LDSM | 20,000 | (20,000) | ||||||
| IDA Carroll Trust | 1,000 | (1,000) | ||||||
| Richard Hall Charitable |
Trust | 1,000 | (1,000) | |||||
| Arts Council National | Lottery | 35,000 | (35,000) | |||||
| William Alwyn Foundation |
800 | (800) | ||||||
| Kirckman Concert | Society | 550 | (550) | |||||
| Schubert Ensemble | Trust | 400 | (400) | |||||
| 75,588 | (75,588) | |||||||
| 53,665 | 205,863 | (212,690) | 46,838 |
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2020 | 2019 | ||
| Tangible assets | 1,509 | |||
| Current assets | 69,919 | 69,919 | 48,233 | |
| Creditors: Amounts | falling due within one year | (6,992) | (6,992) | (2,904) |
| Net assets | 62,927 | 62,927 | 46,838 | |
| Prior period |
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2019 | 2018 | ||
| f | ||||
| Tangible assets | 1,509 | 1,509 | 3,016 | |
| Current assets | 48,233 | 48,233 | 64,017 | |
| Creditors: Amounts | falling due within one year | (2,904) | (2,904) | (13,368) |
| Net assets | 46,838 | 46,838 | 53,665 |
| 17 Grants and do |
17 Grants and do |
nations | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Donor Anonymous Donors |
Details | Unrestricted Funds (f) 5,000 |
Restricted Funds (f) |
||||||
| Rachellsherwood | 1,000 | ||||||||
| Kate Dugdale | 5,000 | ||||||||
| Eira Leach | 2,000 | ||||||||
| Linda Hepworth | 1,000 | ||||||||
| Arts Council National | Lottery | Repurposed | Festival Grant | 40,000 | |||||
| SLDC | Strategic Cultural | Partnership | Grant | 6,250 | |||||
| SLDC | Discretionary | Grant Fund | 6,000 | ||||||
| Other individual | donors | 4,293 | |||||||
| The RuN Fund | Supporting | Festival Debut concerts | 1,000 |