2020-12-31-accounts

Trustees			Mr G M Corner	Mr G M Corner
			Mr GJ La-Borde
			Mrs J Paddock
			Mr P G Potter (Chairman)
			Mr TE Price
			RJ Mander
			Mrs SHumphries		(Appointed 20April 2020)
			MrJ Frost		(Appointed 20 April 2020)
Secretary			MrSJWyer
Charity number			701629
Company	number		02388535
Registered		office	StGeorge's	Hall
			Load Street
			Bewdley
			Worcestershire
			DY122EQ
Independent		examiner	Azets
			1st Floor
			Copthall House
			1 New Road
			Stourbridge
			West Midlands
			DY8 1PH
Bankers			HSBC Bank	pic
			31 Church Street
			Kidderminster
			Worcestershire
			DY102AY
			United Trust	Bank Ltd
			One Ropemaker Street
			London
			EC2Y 9AW

			Page
Chairman's statement			1-2
Trustees' report			3-6
Independent examiner's		report
Statement offinancial	activities
Balance sheet			9-10
Notes to the financial	statements		11 - 20

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	2020 8	2020 6	2020 8	2019 6	2019f	2019
Income from:
Donations and legacies			10,671	250	10,921	32,431	6,550	38,981
Charitable activities			2,914		2,914	74,228		74,228
Other trading activities						1,297		1,297
Investments			157		157	210		210
Total income			13,742	250	13,992	108,166	6,550	114,716
Raising funds						1,700		1,700
Chaditable activities		8	20,446	290	20,736	93,390	8,219	101,609
Total resources
expended			20,446	290	20,736	95,090	8,219	103,309
Net (expenditure)/income
for the year/
Net movement	in funds		(6,704)	(40)	(6,744)	13,076	(1,669)	11,407
Fund balances at 1
January 2020			54,965	3,380	58,345	41,889	5,049	46,938
Fund balances	at 31
December 2020			48,261	3,340	51,601	54,965	3,380	58,345

			2020		2019
		Notes	F		6
Fixed assets
Intangible assets		12		600
Tangible assets		13		45		147
Investments		14		27		27
				672		174
Current assets
Debtors		15	2,848		5,833
Cash at bank and in	hand		49,799		55,913
			52,647		61,746
Creditors: amounts	falling due within
one year		16	(1,718)		(3,575)
Net current assets				50,929		58,171
Total assets less current liabilities				51,601		58,345
Income funds
Restricted funds		17		3,340		3,380
Unrestricted funds				48,261		54,965
				51,601		58,345

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020 6	2020 8	2020f	2019 5	2019 5	2019 8
Donations	and gifts	9,409	250	9,659	32,431	6,550	38,981
Government	grant	1,262		1,262
		10,671	250	10,921	32,431	6,550	38,981

		2020 8	2019f
Ticket and programme	sales	2,914	70,978
Advertising			3,250
		2,914	74,228

Total	Unrestricted
	funds
2020	2019
6	8
	1,297

Unrestricted	Unrestricted
funds	funds
2020f	2019 8
157	210

		Total	Unrestricted
			funds
		2020	2019
			8
T~di t
Other trading	activities e.g. purchase ofbooks for resale		1,700
			1,700
Charitable activities
		2020	2019
		8	6
Artists fees		1,215	45,253
Flyer and programme		32	2,612
Hire ofvenue	etc	530	16,889
Commission	on ticket sales	72	1,223
Art projects		261	1,002
Performing Right Society			907
Youth events		1,530	7,092
		3,640	74,978
Share ofsupport costs (see note 9)		15,628	25,231
Share ofgovernance costs (see note 9)		1,468	1,400
		20,736	101,609
Analysis by	fund
Unrestricted	funds	20,446	93,390
Restricted funds		290	8,219
		20,736	101,609
For the year	ended 31 December 2019
Unrestdcted	funds	93,390
Restricted funds		8,219
		101,609

9	Supportcosts
		Support	Governance	2020	Support	Governance	2019
		COStS	Costaf	8	costs 6	costs f
	Staffcosts	9,846		9,846	9,919		9,919
	Postage and stationery	263		263	1,788		1,788
	Advertising	112		112	1,892		1,892
	Sundries	970		970	6,331		6,331
	Bank and card charges	32		32	32		32
	OIIice expenses	3,703		3,703	4,191		4,191
	Fixtures and fitting
	depreciation	102		102	1,078		1,078
	Website amortisation
	cost	600		600
	Independent
	examination		1,468	1,468		1,400	1,400
		15,628	1,468	17,096	25,231	1,400	26,631
	Analysed between
	Charitable activities	15,628	1,468	17,096	25,231	1,400	26,631

12	Intangible fixed asse	ts
			Website costs
	Cost
	At 1 January 2020
	Additions - separately	acquired	1,200
	At 31 December 2020		1,200
	Amortisation and impairment
	At 1 January 2020
	Amortisation charged	for the year	600
	At 31 December 2020		600
	Carrying amount
	At 31 December 2020		600
	At 31 December 2019
13	Tangible fixed assets
			Fixtures snd fittings
			6
	Cost
	At 1 January 2020		10,761
	At 31 December 2020		10,761
	Depreciation and impairment
	At 1 January 2020		10,614
	Depreciation charged	in the year	102
	At 31 December 2020		10,716
	Carrying amount
	At 31 December 2020		45
	At 31 December 2019		147

	Unlisted
	investmentsf
Cost orvaluation
At 1 January 2020 &31 December 2020	27
Carrying amount
At 31 December 2020	27
At 31 December 2019	27

15	Debtors
				2020	2019
	Amounts falling due		within one year:	5	5
	Other debtors			451	1,319
	Prepayments	and accrued income		2,397	4,514
				2,848	5,833
16	Creditors: amounts		fsging due within one year
				2020	2019
				8
	Accruals and	deferred	income	1,718	3,575

				Movement	in funds
			Balance at	Incoming	Resources	Balance at
			1 January 2020	resources	expended	St December
						2020
						f
The Helen Rachael Mackaness	Charitable	Trust		250	(100)	150
The Emley Foundation			190		(190)
SGH Venue Management			790			790
Roger &Douglas Trust			2,400			2,400
			3,380	250	(290)	3,340

Purposes ofge	neralfunds	neralfunds	neralfunds	neralfunds
This represents	the free funds ofthe charity which				are	not designated		for particular	purposes.	However,
the Council of Management			considers	it necessary	to maintain reserves			at this level	to enable	planning	of
the next Festival	to go ahead		and advance financial		commitments		to be	entered into.
Analysis ofnet	assets	between funds
		Unrestricted		Restricted		Total	Unrestricted Restricted				Total
			2020 f	2020 f		2020 f		2019 f	2019		2019
Fund balances at 31
December 2020	are
represented by:
Intangible fixed assets			600			600
Tangible assets			45			45		147			147
Investments			27			27		27			27
Current assetsl
(liabilities)			47,589	3,340		50,929		54,540	3,631	58,171
			48,261	3,340		51,601		54,714	3,631	58,345

			2020	2019
				2
Within	one	year	720	720