2022-12-31-accounts - Bewdley Festival Limited

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			Page
Report ofthe Trustees		1	to	9
Independent Examiner's	Report		10
Statement ofFinancial	Activities
Balance Sheet		12	to	13
Notes to the Financial Statements		14	to	23
Detailed Statement ofFinancial Activities		24	to	25

				Percentage ofIncome	Percentage	ofIncome	Notes
				2021	2022
1	Tickets &Programmes			58	56		7%more tickets sold
							in 2022, Decision
							made to reduce
							prices.
2	Partners &Advertising			22	27		New sponsors joined
							us. Existing sponsors
							increased their
							support,
3	Grants			6	2
4	Society Members	&Fund Raising		10	12		Members
							subscriptions
							important source of
							income.
5	Patrons
6	Other
	Total			100	100
Expenditure during the year totalled f72,427
				Percentage ofExpenditure	Percentage	of	Notes
				2021	Expenditure	2022
	Artists Fees&Expenses			51			2major acts in 2021
							increased our costs.
2	Venues - hire, sound,		etc	12	17		Increase in sound&
							hghting costs. Larger
							venue used for I
	OfIice costs			16	17		more night.
	Youth Festival			2	3
	Other eg. commission		on ticket	19	17		Savings in some costs
	sales, professional fees, marketing, PRSetc.						offset by increases others.	in
	Total			100	100

					31.12.22	31.12.21
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes			f.
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		31,903	750	32,653	37,528
Charitable	activities
Income			42,44$		42,44$	47,435
Investment	income		62		62	69
Total			74,413	750	75,163	85,032
EXPENDITURE ON
Charitable	activities
Expenditure			70,115	2PI2	72,427	77,359
NET INCOME/(EXPENDITURE)			4,29$	(1,562)	2,736	7,673
RECONCILIATION OF FUNDS
Total funds	brought forward		56,322	2,952	59/74	51,601
TOTAL FUNDS CARRIED FORWARD			60,620	I@90	62,010	59,274

	31 De	cember 2022
				31.12.22	31.12.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	13				4
Investments	14	27		27	27
				27	31
CURRENT ASSETS
Debtors	l5	2,517		2,517	1,870
Cash at bank and in hand		59/23	1,390	60,713	60,176
		61,840	1,390	63+30	62,046
CREDITORS
Amounts falling due within one year	16	(1/47)		(1@47)	(2,803)
NET CURRENT ASSETS		60,593	I+90	61,983	59,243
TOTAL ASSETSLESSCURRENT
LIABILITIES		60,620	1,390	62,010	59,274
NET ASSETS		60,620	I+90	62,010	59/74
FUNDS	18
Unrestricted funds				60,620	56,322
Restricted funds				i@90	2,952
TOTAL FUNDS				62,010	59/74

DONATIO	NS AND LEGACIES
		31.12.22	31,12.21
Donations	and gifts	32,653	34,373
Government	grants		3,155
		32,653	37,528
INVESTMENT INCOME
		31.12.22	31.12.21
Deposit account interest		62	69

		for the Year Ended 31 Dec	for the Year Ended 31 Dec	for the Year Ended 31 Dec	for the Year Ended 31 Dec	for the Year Ended 31 Dec	for the Year Ended 31 Dec	ember 2022
4.	INCOME	FROM CHARITABLE ACTIVITIES
									31.12.22	31.12,21
							Activity
	Ticket and	programme			sales		Income		42,448	47,435
5.	CHARITABLE ACTIVITIES COSTS
								Direct	Support
								Costs (see	costs (see
								note 6)	note 7)	Totals
	Expenditure							51,824	20,603	72,427
6.	DIRECT COSTSOF				CHARITABLE ACTIVITIES
									31.12.22	31.12.2]
	Artists fees								33,553	40,864
	Hire ofvenue		etc						12,571	10,023
	Commission		on ticket sales						827	852
	Art projects								1,515	2,128
	Performing	Right Society							908	1,310
	Youth events								2,450	1,712
	The Bewdley		School Arts			- Grant funding				2,034
									51,824	58,923
									Governance
7.	SUPPORT	COSTS
								Office
								and other
								costs	costs	Totals
								E
	Expenditure							19,703	900	20,603
	Support costs,			included	in the above, are as follows:
	Office and	other costs
									31.12.22	31.12.21
										Total
									Expenditure	activities
	Wages								9,679	10,277
	Office running			costs					4,218	3,871
	Website amortisation									600
	Fixtures depreciation								4	41
	Postage and	stationery							277	601
	Advertising								4,138	670
	Sundries								1,238	705
	Carried forward								19,554	16,765

	OIIice and o	ther costs -	continued
					31.12.22	31.12.21
						Total
					Expenditure	activities
	Brought forward				19,554	16,765
	Bank interest				149	5
					19,703	16,770
	Governance	costs
					31.12.22	31.12.21
						Total
					Expenditure	activities
	Independent	examination			900	1,666
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated	after charging/(crediting):
					31.12.22	31.12.21
	Depreciation	- owned assets				41
	Computer software amortisation					600
9.	TRUSTEES' REMUNERATION			AND BENEFITS

						31.12.22	31.12.21
	Wages and	salaries				9,679	10,277
						9,679	10/77
	The average monthly		number ofemployees		during the year was as follows:
						31.12.22	31.12.21
	Administrator					1	1
	No employees received emoluments			in excess of160,000,
11.	COMPARATIVES FOR STATEMENT OFFINANCIAL ACTIVITIES -YEAR					ENDED 31.12.21
					Unrestricted	Restricted	Total
					funds	funds	funds
	INCOME	AND ENDOWMENTS		FROM
	Donations	and legacies			35,728	1,800	37,528
	Charitable	activities
	Income				47,435		47,435
	Investment	income			69		69
	Total				83,232	1,800	85,032
	EXPENDITURE ON
	Charitable	activities
	Expenditure				75,171	2,188	77,359
	NET INCOME/(EXPENDITURE)				8,061	(388)	7,673
	RECONCILIATION		OF FUNDS
	Total funds	brought forward			48,261	3,340	51,601
	TOTAL FUNDS CARRIED FORWARD				56,322	2,952	59@74

	for the Year Ended 31December 2022	for the Year Ended 31December 2022
12.	INTANGIBLE FIXEDASSETS
			Computer
			software
	COST
	At 1 January 2022 and 31 December 2022		1,200
	AMORTISATION
	At 1 January 2022 and 31 December 2022		1+00
	NET BOOK VALUE
	At 31 December 2022
	At 31 December 2021
13.	TANGIBLE FIXEDASSETS
			Fixtures
			alld
			fittings
	COST
	At 1 January 2022 and 31 December 2022		10,761
	DEPRECIATION
	At 1 January 2022		10,757
	Charge for year		4
	At 31 December 2022		10,761
	NET BOOK VALUE
	At 31 December 2022
	At 31 December 2021
14.	FIXEDASSET INVESTMENTS
			Unlisted
			investments
	MARKET VALUE
	At 1 January 2022 and 31 December 2022		27
	NET BOOK VALUE
	At 31 December 2022		27
	At 31 December 2021		27
	There were no investment	assets outside the UK.

			Notes to the Financial Statements - continued for the Year Ended 31 December 2022	Notes to the Financial Statements - continued for the Year Ended 31 December 2022	Notes to the Financial Statements - continued for the Year Ended 31 December 2022	Notes to the Financial Statements - continued for the Year Ended 31 December 2022
15.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
							31.12.22	31.12.21
	Other debtors						330	556
	Prepayrnents and accrued		income				2,187	1,314
							2,517	1,870
16.	CREDITORS: AMOUNTS FALLING DUE				WITHIN	ONE YEAR
							31.12.22	31.12.21
							f.
	Other creditors						63
	Accruals and deferred	income					11184	2,803
							1,247	2,803
17.	LEASING AGREEMENTS
	Minimum lease payments		under non-cancellable		operating	leases fall due as follows:
							31.12.22	31,12.21
							f,
	Between one and five years						720	720
18.	MOVEMENT IN FUNDS
							Net
							movement	At
						At 1.1.22	in funds	31.12,22
	Unrestricted funds
	General fund					55,751	4@58	60,109
	Designated funds					571	(60)	511
						56,322	4/98	60,620
	Restricted funds
	The Helen Rachael Mackaness Charitable
	Trust					150	(50)	100
	SGH Venue Management					790		790
	Roger k, Douglas Turner		Charitable	Trust		724	(724)
	Bewdley Town Council					500	(50D)
	Other					788	(288)	50D
						2,952	(1,562)	11390
	TOTAL FUNDS					59,274	2,736	62,010

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			74,413	(70,055)	4/58
Designated funds				(60)	(60)
			74,413	(70,115)	4,298
Restricted funds
The Helen Rachael Mackaness	Charitable
Trust			250	(300)	(50)
Roger 4,Douglas Turner Charitable		Trust		(724)	(724)
Bewdley Town Council				(500)	(500)
Other			500	(788)	(288)
			750	(2+12)	(1,562)
TOTAL FUNDS			75,163	(72,427)	2,736
Comparatives for movement	in funds
				Net
				movement	At
			At 1.1,21	in funds	31.12,21
Unrestricted funds
General fund			48,261	7,490	55,751
Designated funds				571	571
			48+61	8,061	56,322
Restricted funds
The Helen Rachael Mackaness	Charitable
Trust			150		150
SGH Venue Management Roger4Douglas Turner Charitable		Trust	790 2,400	(1,676)	790 724
Bewdley Town Council				500	500
Other				788	788
			3,340	(388)	2,952
TOTAL FUNDS			51,601	7,673	59,274

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			80,322	(72,832)	7,490
Designated funds			2,910	(2,339)	571
			83,232	(75,171)	8,061
Restricted funds
Roger4 Douglas Turner Charitable		Trust		(1,676)	(1,676)
Bewdley Town Council			500		500
Other			1,300	(512)	788
			1,800	(2,188)	(388)
TOTAL FUNDS			85,032	(77,359)	7,673
Purpose ofrestricted funds:
The Helen Rachael Mackaness	Charitable		Trust funds held are to be used for the Youth Festival.

			Bewdley Festival Limited	Bewdley Festival Limited
			Detailed Statement ofFinancial Activities
			for the Year Ended 31December 2022
					31.12.22	31.12.21
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts			31,903	750	32,653	34,373
Government grants						3,155
			31,903	750	32,653	37,528
Investment income
Deposit account interest			62		62	69
Charitable activities
Ticket and programme	sales		42,448		42,448	47,435
Total incoming resources			74,413	750	75,163	85,032
EXPENDITURE
Charitable activities
Artists fees Hire ofvenue etc			33,553 12,571		33,553 12,571	40,864 10,023
Commission on ticket sales			827		827	852
Art projects			1,515		1,515	2,128
Performing Right Society			908		908	1,310
Youth events			138	2PI2	2,450	1,712
The Bewdley School Arts		- Grant	funding			2,034
			49,512	2PI2	51,824	58,923
Support costs
OIIice and other costs
Wages			9,679		9,679	10@77
Office running costs			4,218		4,218	3,871
Website amortisation						600
Fixtures depreciation			4		4	41
Postage and stationery			277		277	601
Advertising			4,138		4,138	670
Sundries			1,238		1,238	705
Bank interest			149		149	5
			19,703		19,703	16,770
Governance costs
Independent examination			900		900	1,666

	for the Year Ended 31Decembe	r 2022
			31.12.22	31.12.21
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
Total resources expended	70,115	2,312	72,427	77,359
Net income	4,298	(1,562)	2,736	7,673