2024-12-31-accounts

REGISTERED COMPANY NUMBER: 02388535 IEngland and Wales) REGISTERÉD CHARITY NUMBER: 701629 Reportof the Trust••J and Unaudlted Hnandal St•tmnts Bewdley F•stl¥•l Umlt•d Dafton Pardoe Urnlted Charte￿d kcwntsnts 794 High Street Klngswlnford West Mldlands DY6 88Q

Bewdley Festlval Umlted Contents of the Nnandal Statements for the Year Ended 31 D•cember 2024 Report of the Trustees I to 7 Independent Examlnefs Report Ststemont of Flnanclal Artlvltle$ Balance Shaet io Nots$ to the Fln•ndal Statements 11 ta 18 Detalled Statement of Hnan¢lal Actlvltlos 19

Bewdley Festlval Llmked Report of the Tn￿ee5 for the Year Ended 31 (le¢ember Z024 The trustees wlK• are a150 dlrertors of tt ctrhirlty for purposes of the Companles Act 2006. present thelr report wfth the flnanclal statements of the charlty for the year ended 31 December 2024. The trustees have adopted the provlslons of Accountlng and Reportlng by Charities: Statement of Recommended Practke app1kab￿ to charStles preparlng thelr accounts In accordance wlth the Flnanclal Reportln8 Standard appllcable In the UK and Republlc of I￿land IFRS 1021 leffettrve l January 2019}. Our Artlstlc Values Bewdley Fest5val Soclety was fomied In December 1987, when a wblk meetiTr8 held in the Guild Hall, declded to launch an annual festlval of the arts desl8ned: 'To brlng the best Into Bewdley arKI to brlft8 the best out of Bewdley". Thanks to the contIn￿d SUPPDrt and encouraBement of the many members of the Soclety the Festlval has developed and expanded over the years to become an e•8erly awatted part of the 8ewdley and Wyre Forest calendar. The trustees have pald due regard to 8uldarKe bssued by the Charlty Commlsslofi on publk bemfft In decldlne what actlvltles the charlty should undertake. OBJEcnvES AND AcnvmES ObJe¢tl¥es Bewdley Festlval15 proud to have malntalned Its hl8h artlstk stsnthrds and delI￿￿d Varled prograrnmes emlyaclng all aspects of the arts over more thin 35 years. At the ￿rne tlme as ensurlni ￿. flnanclal vlablllty. Thls Involves h)stln8 hlgh for the enloyment of kKal peo* In our beautlful town. We are only able to hold these events because of the hard work of our volunteets: our orianlsln8 commlttee, Our trustees and the support we recefve from our members, patrons •nd sponsar5. Bewdley Festlval Llmlted,1s a company IlmSted by 8uarant¢e and a reilstered charlty. The charlty's oblectfves •re: To advance the educatlon of the publlc partlcularly In the nellhbourhood of Bewdlty by the productlon and promotlon cf educatlonal plays and other foms of art Includ1￿ the art of drama, dancln& sln8ln8 and muslc. To provlde facllltSes In the Interest of soclal welfare for recreatlon and other lelsure tlrne occupatsons, partlcularly In the nelghbourhood of 8ewdtey for the benefft of the cornmunlty. In our Annual Rel￿rt 2023 we Set out our alrns for the year: These Included: - Dell¥er a full programme of hl8h-quallty. ¥•rtsd events throu8htyJt 2024. - Develop our strnte8y growlng Festl¥al In terrns of the audlence reach and the multl arts events we delfver. Thls Includes dell¥erln8 a chlldren's Ilterary festlval. - Bewdley Youth Festlval, V•tyklng wlth Bewdley SclKxA, to support w)urq people In developln8 thelr artlstlc skS11s and personal develapmenL . Help and support our communty throu8h our Bewdley Communlty Arts F￿ndatI0Th by securln8 fundlng and encouraglng more people to partlclpate In creatlve actlvlties. - Contlnue to bulkl our re%>urce base by attractln8 new sources of Income, 3ttractSng newvolunteers and expert att￿Ser$. - ContJnulnB to ensure that 8ood governan￿ arrfl I￿SIneSS contlnuty pr(wses are applled. and that Bewdky Festlval Is flnanclally ¥lablÈ for many years to come. PaBe I

Bewdley Festlval Llmlted Report of the Trustees forthe Year Ended 31 December 2024 OBJECTIVES AND ACTIVITIES Athlevements H￿hlIghtS of 2024 Include: In October we held 17 events across a fan8e of arts Sncludlng muslc; comedyi fllrn; drama and Spoken word. We wek0Th￿d both local and Internatlonally known acts. Artlsts enjoy performlng at our events. Our audlences are very welcornlng and thanks to the tremendous work done by our oryanlslnE commlrtee and our volunteers, events are professlonally run. Muslc e¥enln8s Included the world famous Aled Jones and Ruby Turner. Whllst the Bath Abbey Cholr brought to Us a wonderful evenln8 of choral musSc at St Anne's Church. Comedy from Alfie MO0￿ and Natalle Haynes, thought provoklng evenlnEs from Jane Garvey and D)r￿n McGèrvey tO8ether wlth a ran8e of other events, meant that we had a stron8 pro8ramme acro￿ many facets ol the arts. For the 17 events held In the maln festlval we sold Just over 2,100 tlckets, whlch was 70% of the tkkets avallable. Th1515 500 fewer than 2023 when we dellvered 3 more events. Although we face ever Increaslng costs, we made every effort to keep our tlcket prlces as affordable as posslble. We used four local venues and 8ttracted sponsorshlp from over 30 local companles. Over 100 people117%1 replled to our customer que5tlonnalre. We were pleased wlth posStlve feedback we recelved. The overall satlsfèctlon ratln8 was 92% wlth 96% of Customers sayln8 they would come, or probably come, to our events agaln. Bewdley Youth Festl¥•l IBYF): remalns a very Important part of Bewdley Festlval and somethlng we want to grow. The Wyre Forest Young Muslclan of the Year Is a regular event In the Festlval calendar. As part of Youth Festlval In 2024 we trlalled 2 new events: Step Into Storles: our flrst one.day festlval In Apr51, held partlcularly for chlldren up to 12 years old, was full of performances from some ol the best authors, poets and storytellers In the chlldren's story world today. Nlneteen events held across 8ewdley In one day provlded a reol kjglstlcal challenge but It was a 8reat success. Our thanks 80 to Ed Shed and The Elmley Foundatlon for supportlnB the day. One Earth: after 15 successful years of Hop Fest unfortunately the venue was no longer avallable. To Blve the local youth the platform to showcase thelr muslcal talents, a one day muslc and sustalnablllty event for the whole famlly was or8anlsed by 8ewdlty Festlval and The Bewdley School. Over 20 local acts performed dufln8 the day. Whllst the event was well organlsed. the Infrastructure costs and low tlcket ￿leS coupled wlth the lack of sponsor5hlp and grant 5UPPOrt resulted In a dlsappolntlng flnanclal loss. Followlng a full revlew, the Trustees have declded the polky for one off events wlll be amnded to guarantee any external fundln8 Is cornmltted (rather than promlsed) before the project ts approved. Bewdley Festlval fecelves ftnanclal as51stance frorn The Elmley Foundatlon. We are very grateful for thelr support. Also our thanks o to aur sponsors and organlsatlons wlK• SUPPOrt our work, these Include.. -Ed Shed -The Roger & D¢)ug185 Tumer Charltable Trust - Bewdley Rotary Club - Bewdley Clvlc Soclety Klddermlnster Uons . Bewdley Town Councll - Mui House Inn and Restaurant - and St George's Hall. A full11st of our sponsors can be found on our webslte. Bewdley Comrnunlty Arts Foundatlon Bewdley Communlty Arts Foundatlon IBCAFI was launched by Bewdley Festlval In 2021. It funds èrts-based actlvltles that support and Insplre the cltlzens of Bewdley and Wyre Forest. By provldlng fundlng and ￿$OUrCes, facllltstlng and enabllng access to ¢￿atIve actlvltles (such as muslc, drama, palntlng, poetry. etcl BCAF Is a catalyst that helps to make • posbtlve change to people's Ilves. Taklng part In creatlve actIvIt￿5 ts now widely reco8nlsed as havlng a posltlve effect on many areas of Ilfe. We We￿ pleased to agree crants totalllnE £1,420 In December 2023. No further grarrts were made In 2024. Page 2

Report of the Trustees forthe Year Ended 31 Decembef 2024 OBJECTIVES ANO AcfMTIES Bewdley Festlvol Soclety Commlttee and our Volunteers As ever thank$ 80 to Festlval Soclety Chair Trevor Price and Bewdley Fe5tfrnl Soclety Commlttee for thelr hard Work throughout the Year. Dellvefln8 a Festlval wlth such a Varlety of acts Is a malorachle¥ement of whlch they should all be very proud. Thank you to our Partners and Patrons for thelr tontlnuln8 supwL Thank you to ¢)ur 480 Frlends of Festfval who pay an annual subscrlptlon whlch is so important to our financial vlablllty. Thank you to vtho attend our events and finally, unsung heroes of Festlval, our 80 or so volunteefs wt#) Elve freely of thelr tlme and ensure that Festlval happens. Our volunteers undertake a range of dutles Indudlng keeplng our audien￿ safe and prepaTln8 the venues. Your support ts Invaluable. A speclal thank you Eoes to Jane Bamett our Festlval Manager who after 21 years worklng for felllval left us at the end of January $0 She can concentrate on her role with St George's Hall. We wlll mJs5 her att￿. gulthnce and hei wganisatlonal skllis whlch have allowed us to dellver many successful events over the year> ANANCIAL REVIEW Hnan¢lal Revlew WSth ￿gard to our finances our alms are to: - ensure that hl8h standards of re8ularlty and prowkty are applled to the manaiernent of our funds. - ensu￿ that Bewdley F¢stfval Umlted b fI￿rKI•llY vkible and an adequate level of fvnds are hekl In reserve to meet unforeseen clrcurnstances. - ensure that ourtkket prkln8 Is commensurate wfth our companvs obJectl¥e. In the 12 months endlng on the 31 Decembei 2024, * delfvered a loss 01 £16.340 and the rnoney held at the bjnk was £51,063. As resul( the total funds carrled lo￿ard were £51,312. The loss was due to the One E•rth project but our overall flnanclal posIt￿n remalns stroni. Step Into Storfes Fertlval Events 1£) One Earth 1£) 9,751 136.981) {27.230) Totsl {£} 94,475 1110,815) 116,340) IneomÈ Costs Surplus 6.447 15,878) (67￿6) 10,321 Followlng the One Earth projert a fvll revlew has been compkned resultlng In a new approval process for new prolects requlrfni a $18nlftcant budget. Thls requlres Brant and sponsorshlp Inco￿ to be secured before flMnd•l cornmkn￿nts are entered Into. ReiqTh•s poNcv The trustees conslder It prudent to malntaln reserves of approxlmately £50,(100 or 50% of turno¥er whlchever 15 the Ereater. Thls tskes Into account our heavy rellance on tlcket sales whkh can be volallle and the cash fl*)w Is uneven month to month. Th15 level of reserves Is Intended to allow us to have tvK)1055 maklng years and stlll be able to operate for a thlrd year.The pollcy ts sublett ta annual revlew as we conslder the future plans of the festl¥al. It Is clear that musk and art fesUva15 Ilke ours face $18nfficant thallen8es In¢￿dIng Increa￿nE costs; a drop In demand for tlckets and attrortlng the levels of sponsor5hlp we need to delfver a quallty PTO8Trmme. The Assoclatlon of Indeperthnt Festhials reported on November 2024 that 204 festlvals have cbsed Ynce 2019. Page 3

for the Year Ended 31 December 2024 FINANCIAL REVIEW Rlsk managernent The trustees have a dity to Identify and review the risks to whlth the charltyls exp0￿d, to ensu￿ apyoprlate controls are In pla to provlde rea￿nable assurance agalnst fraud and error. The rlsks the charity faces are revlewed at least twke a year. Attentlon Is gfven to the artlon to be taken to help mlt*ate the rlsks: OescrfpUon Taken A memberof the publK volunteer. empltyfft or artlst Is Injured at a festfval evenL Health & Safety polky In place.H&S rlsk assessments completed at each venue.Flrst Alders at each event.Publl¢ Ilablllty Insurance In lace.Tralnln8 provkled for our Insufficlent funds to meet our commltments Proper accountlng records m•lntslfied.Hold a prudent level of reseThe&Flnanclal forecasts regularly completed and reported to the tnJstees.Monthly meetlngs of the or8antsln8 commlttee.Tkket sales closely monltored, and a¢tlon tsken as requlrnd.aose worklng wlth P•rtners. Key people wlth valuable knowledge and skllls are eslon plannSn&Key Infomwtlon held centrally.Encournge not able to support us. more ¥olunteets to Bet Involved Includlng subject experts. Reputatlonal rfsk 0f￿ents belng ￿ncelled at short Carefvl selectlon of acts and malrtaln good contsrt wlth notlce. agents.Contracts manwent arTaryements.Custorner ¢ontact Ilsts rn•lntslned.Tlcket refund processes In place •nd tested. PLANS FOA 2025 These Include: - aeaily settln8 Out our mlsslon and ¥alue5. - Dellverln8 a pro8ramme of hl8hquallty, varknd events thr(￿8hr￿rt 2025. - Develop our strategy for growlng Fe5tfval In temis of the audlence we reach and the multl arts events we delfver. Thls Include5 dellverlng a second Step Into Stofles event. 8ewdley Youth Festl¥al. workln8 th loc•1 xhoob to support people In developln8 thelr •rtlstlc $kllb and personal development. - Help and support our communlty through our Bewdky Cofflmunlty Arts Fwnd•tbn by securln8 fvndlnB and encouraglng rnore people to partlclpate In creatlve artlvltle5. - Contlnue to bulld ¢wr resouwce base by attractlng new sources of Inconx, attrnctln8 newvolunteers and expert •d¥lsets. - Contlnuln8 to ensure that good 8ovemance and I￿sIneSS contlnuty ￿￿esseS are applled, and that 8ewdley Festhal Is financlallv ¥lable. sTrucruRE, GOVERNANCE AND MANAGEMEpir Structtsrn and MJDJgen￿rt The charlty Is controlled by its govemlng d(xurnenL a deed of trus¢ and corotltutes a Ilmlted Com￿ny, Ilmlted by 8uarantee, as deflned by the Companles Att 200& Page 4

Report ￿ the Tntstees forthe Year Ended 31 Oe¢ember 2024 There are two key groups. The Councll of Managernent andthe Bewdley Festlval Soclety Commlttee. charity Is governed by a Council of Management la maxlmum of 11 Trustees) of whlch 5 can be nomlnees of the Festfval Soclety. One of which is the Society Chair. The remalnlng 6 mernbers are local people appolnted for thelr expertlse, the Fe5tlval Treasurer and the Company Secretsry. The trustees work to the guidance priv41ded by the Charlty Cornm￿510n. The Council guides the strategk direction of the Festival and rnonltor5 cOmpna￿e wlth Its statutory obllEatlons. It meets bl month to con51der progress. appro¥e l￿dEets and annual accounts. monltor risks. reAew ttr ongolng flnancial Position and to safeguard the Festfval's original alms and obRctives and trderall artth Integrlty. It a150 Ila15es wlth organlsatlon5 such as Companles House. ChBrltles Commisslon and PerfonniTha Rights IPPL PRS Ltd). Bewd￿¥ FestrRI Soclety Commlttee meet every month. The 15 members of the commlttee a￿ responsible for the plannl orEanlslng and delivery of festlval events. The committee in 2024 was chaired byTrewJr Prfce who15 also a trustee and a member of the Council of Manage￿nt. The Bewdley Festival Societys oblects are the furtheran￿ of Bewdley FestNal Umited. Lepl Entlty Bewdley Festlval Limited is a charitable company fimited by Buarantee. It was Incorporated on 24 May 1989 and regISte￿d as a charlty on 5 June 1989. The ci)mpany was estsbllshed under a Mernorandum of A5S0Ciation whlch establ1s￿d the objects and powers of the charitable company and Is Eoverned ur#ler Its Artlcles of Assodatlon. The trustees. who are also the dlrectors for the purpose of company law arml who served durln8 the year. up to the date of sIEnature of the financlal ststements were: Ordlnary Members: Mr PG Potter Icholrl Mr N Subert {Company Seuetaryl Mr GM Corner Mr G J La-8orde ITrea5urer} Mr RJ Mander Ms S Patsrson Ireslgned 23rd Aprll 2024) Ms N Applegarth lappolnted 9th September 20241 Soclety Commlttee Nomlnated Members: Mr TE Prlce Mrss HUmPh￿e$ Mrj FfOSt Ms R Tud(er Rerryltment and appolntment ol new trustees My thanks go to Sheela£h Paterson who after va￿atsIe advlce to the trustees resIgr￿d frorn the Councll of Management Je to pressu￿ of YJrk. After completinE a skllls audit of trustees. we wekomed Nyree Applegarth to the Councll whose legal back8rourKI and her work on sustsinablllty w511 be Important to us In meetlng the challenges we face. As requlred by our memorandum MrG L&Borde reti￿$ by rotatlon and belnB ellbk, offers hlmselffor ￿-eletti￿. All trustees 8l¥e thelr tlme voluntarily and recei￿ no beneffts from the tharlty. Any expenses redaimed by the tnjstees from the charity are set out In the rKrtes to the accounts. In the event of ttrus cornpany belng ThY)und up. the Ilablllty of a Bewdky Fertlval Umlted's trustee Is Ilmlted to £1. Inductlon and tralnlng of new trustees Where there 15 a requlrement for new trt￿tees, these vffjuld be Identffd and appolnted ty the remalnln8 trustees. The chalr of the trustees Is ￿sponsible for the Snductlon of any truste4 which Involves awareness of a tnth's responslbllltles. governirvd documenL admini5tratl¥e procedures. the h1• and phllosophkal approach of tr* charlty. Wlder network The charlty Is not part of a wider network. Pa8e 5

Report ofthe Tn￿e$ for the Year Ended 31 (letember Z024 STrUCTUR4 CJOVERNANCE AND MANAGEMENT Related partles On 20th June 2012 SGH Venue Mana£emenL now known as St George's Han Bewdley Icompary Ilmlted by guaranteel, was Incorporated. It was reglrtered as a charlty on 23rd October 2012. The rnernbership of thts company includes one Bewdley Festfval Llmlted's trustee, Mrs S Humphrles. The oblert of SGH Venue Mana8ement Is to fvrther or benefft the resklents of Bewdley and the surroundlng area, In partlcular, the relurb15hment and runnlng of St Geooe's Flèll. as a Communlty Arts Centre. In the event of thls company bel￿ I￿Vrtd up, the Il•blllty of 8ewdlLy Festl¥al Umlted's member Is limited to £1. REFERENCE AND ADMINI¥TrATIVE OETAILS Re8lstered Company number 02388535 {En8land and Wales) Reilster•d Charfty number 701629 Reglstered offl¢¢ St Georges Hall Load Street Bewdley Worcestershlre DY12 2EQ Trustees G M Corner J H Frost Mr5 S Humphrles G J ia-Borde R J Mander Mr$ 5 Paterson- Fundralser Ifes18ned 23.4.24) P G Potter - Chalmmn { Chalr ) T E Price Ms R C Tucker Ms N J Applegarth lappolnted 93.241 Comp•fty Se¢r•t•ry N Subert Independent ex¥mlner Colln Dalton FCA Dalton Pardoe Umlted Chartered Accounlants 794 Hlgh S¢￿et Xlng5wlnford West Mldlands DY6 88Q Bankers HSBC Bank PLC 31 Church Street Klddermlnster Worcestershlre DYIO 2AY Unlted Trust 8ank Ltd l Ropemaker Street London EC2Y 9AW Page 6

Bewdley Fe5tlval Limlted Report of the TN$t¢e$ for the Year Ended 31 December 2024 Thls report has been p￿pared in accordance with the speclal provlslons of Part 15 of the Companles Act 2006 relJtlng to small companles. Approved by order of e board of trustees on 29 Aprll 2025 and slgned on Its behalf by: PGPotter- Irman-Trustee Page 7

Independent Examlnees Reportto the Tntstees af Independent e¥amlnerfs report to the trustees ￿ Bewdley Festfval Umlted I'the Comparf) I report to tr￿ charrty trustees on my examlnatlon oftt accounts of the Cornpany forthe year ended 31 December 2024. Re5porrslbllltles and bjsts of report As the charws trustees of the Company land also its dirertors for the pyjrposes of company lawl you are respon51ble for the preparatlon of the accounts In accordance wlth the requlrements of the Companles Art 20061'the 2006 Arf). Having sat15fied myself that the accounts of the C4ynpany are not requifed to be audlted under Part 16 of the 2006 Act and are ell8lble for Independent examlnatlon, I report In ￿$pert of my examination of your charlty's accounts as carrled out under Sertlon 145 of the Charltles Act 2011 lhe 2011 Art.). In carrylng my examlnation I have folloAEd the Dlrectlons Elven by the Char Commisslon under Settion 145{51 Ib) of the 2011 Act. Independent examlner's statemert I have completed my examlnatson. I conflrn) that no matter5 have come to rny attentk￿ In connert1c￿ wlth examlnatlon glvln8 me cause to belleve: accountlng records *re not kept In respett ofthe Company as requI￿d by Sertlon 386 ofthe 2006 Att; or the accounts do not accord WTth those rècor(ts: or the accounts do not comply with the accountlng requiTernents of Section 396 of the 2006 Art other than any requlrement that the accounts grde a true and falr vlew whkh Is not a mitter considered a5 part of an irKlependent examlnation: or the accounts have not been prepared in accordance wlth the rnethoth and prtnclples of the Statement of Recommended Practlce for èccountlng and reportlng by charlties lappllcable to charltles p￿parIng thelr accounts In accordance with the Flnancial Reportlng Stsndard applkable in UK and Republlc of Ire￿nd IFRS 10211. I have no Co￿emS and have come across no other matters in connection with the exarnlnatk>n to whlth attentlon Should be drawn In this report In order to enable a proper understsndlng of the accounts to be reached. Colln L)alton FCA The Inrtitute of Chartered ACC￿ntsnts in En8land and Wale5 Dalton Pardoe Umlted Chartered Accountsnts 794 High Street Klngswlnford West Mldlands DY6 8BQ 29 Aprll 2025 Page 8

Bewdky Festlval Umlted ststement ol On•fidal *thft for the YearEnded 31 ijecernber 2024 3LIZ.24 Totsl funds 31.12.23 Totsl funds funds funds INCOME AND ENDOWMENTS FROM Donatlons and legacles 35￿37 38.637 35,751 Charltable artlvltles Income 55 55Y6 56.007 Investment Incorne 292 Total 91375 3.100 94,475 91.820 EXPENDITURE ON Charltable a¢tl¥ltles Expendlture IIOJIS 86,178 NET INCOMVIEXPENDITURE) 1890} I￿￿40) 5,642 RECONaLIATION OF FUNOS Total funds brought forward 762 67.652 62,010 TOTAL FUNDS CARRIED FORWARD 51312 67.652 The r￿ form part ofthese flnanckil ststements Page 9

alance Sheet 31 Oecember 2024 31.12.24 Total 31.12.23 Totsl funds Unrestrkted Restrkted fund5 funds FIXED ASSETS Investments 14 27 27 27 CURRENT ASSETS Debtors Cash at bank and In harKI 15 I￿8? 51.937 SlJ37 74,533 53J24 77,417 CREDITORS Amounts tallln£ due wlthln one year 16 (U39) 12,5391 (9,792) NEf CURRENT ASSETS 51285 $1285 67.625 TOTAL ASSETS LESS CURRENT UABIUTIE5 51J12 51JlZ 67,652 NET ASSEYS 51312 51,312 67,652 FUNOS Unrestrlcted funds Restrlcted fur￿$ 18 51,312 66,762 890 TOTAL FUNDS 51.31Z 67,652 The charltable company Is entltled to exernptk￿ from •udft under Sectbon 477 of the Companles Act 2006 for the year ended 31 Oecember 2024. The members have not requlred the company to obtsln an audlt of Its finincl•l statements for the year ended 31 December 2024 In accordance wlth Settlon 476 of the C(￿PanIeS Act 2006. The trustees acknowledge thelr responslbllltles for (al ensurln8 that the tharltable company keeps accountlni rec￿d5 that comply wlth Sectlons 386 and 387 of the Companles Art 2006 •nd preparlng flnanclal statements whlch fye a true and falrvkw of tt stste of aff•lrs of the charttsble Company as at the end of each flnanclal year and of Its surplus or defklt fw eKh financlal year In acwdance wbth the requlrements of Sectlons 394 and 395 and whkh Other￿Se comply wlth the requlrements of the Companles Art 2006 ￿latIng to finarKlal statements, $0 fai as appllcable to the charltable cfynpany. (bl These financlal statements have been wepared In accordarte wlth the provlslorffj applkable to ¢harltable companle5 subject to the small ¢ompanles re8lme. The flnanclal 5tsteme behalf by: ts were approved by tl Board of Tnjstees and authorlsed for Issue on 29 WI 2025 and V•*re s18ned on Its P G Potter Chalrman- Trustee The notes forni part of these flnandal statements Page 10

Bewdlty Festlval Umlted Notes to tho Hnandal statements fort1 Year Ended 31 Deomber 2024 ACCOU14TING POLICIES 8asls of preparfng the Ilnandal statements The flnanclal ststements of the chartsble company, whkh Is a publlc benefft endty under FRS 102, have been prepared In accordance with the Charltles SORP (FRS 1021'Accountlng and Reportlng by Charltles: Ststement of Recommended Practlce applkable to charftles preparfng thelr accounts In accordan￿ wlth the Flnandèl Reportlng Standard applkable In the UK and Republlc of Ireland IFRS 1021 (effettNe l January 2019),. Flnandal Reportlng Stsndard 102 The Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland. and the Companies Art 2006. The flnanclal statements have been prepared under the hlstorical cost convention. th the exceptlon of Investments whkh are Included at market value. Income All Income15 recognlsed In ts Statsment of Anandal P£tfvltles once the charlty has entbtlement to the funds, It Is wobable that the Income wlll be recel¥ed and the amount can be measured reliabty. Cash donatlons are reeo8nlsed on ￿ceIpL Other donatlons are recO￿lSed once the tharlty h•$ been notified of the donatlon, unless performance condlttons requlre deferral of the amount. Income tsx reciwernble In relatlon to donatlon5 recelved under Glft Ald or deeds of covenant is reco8nlsed at the tlrne of the donatknn. Le8acles a￿ recogn￿ed on recelpt or othen¥lse If tharlty h•$ been notffd of an lrnpendlng dlstrlbutlon, the ¥mount Is known, and recelpt Is expected. If the amount Is nat known, the le8acy Is treated as a contlTr8ent •sse¢. Income from tradlry actlvltles Includes Income from lundralsln8 t4ents and tradln8 Ktl¥ltles to rntse funds for the charlty. Income Is recelved In exchange for suthlng goods and servkes In order to rnlse funds and Is reco8ntsed when entltlernent has occurred. No amount ts Included In the flnanclal ststements for volunt¢¢r tlm¢ In Ilne wlth the SORP (FRS 1021. Further detall Is ilven In the Trustees, Annual Report. 13ovemment Grnnts G)vernrnent grants are recognlsed at thelr falr value of the a55et recel¥ed or recelvable when there15 rea￿nal￿e assurance that the Brant condttions wlll be Met and the 8rant wlll be recelved. A 8r•nt that specKles perfomiance condltlons Is rec¢8nlsed In Irrtome when the performance condltlon5 Jre met. Where a 8rant does not speclfy Per￿rmanCe condltlon5 It 15 reco8nlsed In Income when the proceeds are recleved or r¢c¢fvable. A grant recelved belore the reco8nltlon crlteffla are satlsfted Is reCO￿lSed a5 a Ilablltty. Expendlture Uabllltles are fe¢o8nlsed as expendlture as soon as there Is • leg•1 or eonstrurtfr4e obllgatlon eommlttlng the charlty to that e¥pendlture, It Is probable that a transfer of economk beneffts wlll be requlred In settlement and amount of the obll8atlon can be measured rellabty. Expendlture Is accounted for on an accruals basls and has been dasslfled under headln8S that aggregate all cost ￿tated to the cate80ry. Where costs cannot be dlrectly attrllwted to partlcular hèadln8S they have been allocated to attmtles on a basls conststent wbth the use ol resources. Support Costs Support costs are those costs that asslst the Y)rk of the charlty but do not dlrectly represent charltsble arthltles and Include offke and governance costs. They afe Incurred dirertly In support of eXper￿lture on the objects of the charlty. Tanglble flxed assets Depreciatlon Is provlded at the follow1￿ annual rntes In order to Twrlte off eath asset o¥er Its estlmated useful ljfe. Flxtures and ffttlnas 20% on cost The yln or1055 4rtslng on the dlsposal of an asset ts detemilned as the dlfference between the sale prooeds and the carrylnE value of the asseL and is reco8n15ed In the net in¢ome/lexpendlturel for the year. The cost of mlnor additlons or those costln8 bekm £500 are not capltallsed. Taxatlon The charty ts exempt frorn corporatlon tax on Sts charltable acilvltt&. Charttabte fvnds Unrestrtcted funds can be Used In acctydano vlth the tharftable oblecU￿$ at the dlKretlon of the trustees. Page 11 contlnued...

Bewdley Ferti¥al Llmlted Notes to the Flnan¢Sal Statements- ¢ontlnued tor the Year Ended 31 December 2024 AccouKnNG POUCIE5- contlnued Charltable fund5 De51gnated funds comprlse funds vjhlch have been set aslde at the dlscretlon of the trustees for specific purpose5. The purposes and uses of the des18nated funds are set out Sn the notes to the financial statements. Restrlcted fund5 can only be used for partkular restrlrted purposes wlthln the object5 01 the charlty. Restrlttlons arbse when specffled by the donor or when funds are ralsed for partlcular restrlcted purposes. Further explanatlon of the nature and PUrp￿e ol each fund Is Included In the notes to the flnancSal ststements. Golng Con￿rTh At the tlme of approvlng the flnancSal statements, the trustees have a reasonable expectstlon that the charlty hs adequate resources to contlnue In operatlonal exlstence for the foreseeable futuie. Thus the trustees contlnue to adopt the golnz concern basls of accounting in preparlng the financlal statements. DONATION5 AND LEGACIES 31.12,24 31.12,23 Donatlons and Elfts 38,637 35,751 INVESTMENT INCOME 31.12.24 31.12.23 Deposlt account Interest 292 62 INCOME FROM CHARITABLE AcllviTIES 31.12.24 31.12.23 Actlvbty Income Income Income Inwme cket and programme sales Commlsslon ￿Cefved Advertlsements Other Income 54.056 425 425 56,007 55,546 56,007 CHARITABLE AcllviTIES COSTS Dlrect Costs (see note 61 Support costs Isee note 71 Tot•ls Expendlture 73,679 37.136 110.815 Page 12 contlnued...

Bewdley Festlv41 Umlted N¢)tes to the Flnandal Statements. contlnued for the Year Ended 31 December 2024 DIRECT COSTS OF CHARITABLE ACTMTIE5 31.1224 31.12.23 Artlsts fees Hlre of venue etc COMMI￿￿On on tlcket sales Post festlval lunch Glfts and h05pltallty Art projects Performlng Alght Soelety Youth events FoundatSon 37.404 31,939 1.013 39,452 11,196 1,138 2,402 507 1,530 IJ09 1,532 3,032 73￿79 61.670 SUPPOAT COST5 and other Govemance costs Totals Éxpendlture 116 37.136 Support costs, Included In the above. •re as follows: Offl¢• and other Costs 31.12.24 31.12.23 Totsl actfvltles Expendlture Wages Office runnln8 costs Postale and 5tatlonery Advertlslng Sundrles Glfts Meetlng rooms Subscrlptlons OE Refunds Bank chèryes IL955 7.222 29 8A90 3285 10076 S326 iJ)61 4260 1068 541 250 3,027 1,132 135 157 36,116 Governance costs 31.12.24 31.12.23 Total artl¥ities Expendbtu Independent examlnatlon 11120 960 Page 13 contlnued...

Bewdley Festlval LlmSted Notes to the Flnan¢lJl 5tstem¢nt5- contlnued for the Year Ended 31 December 2024 OTHER 31.1224 31.12.23 Support costs 37.136 24,508 TRU5TEES' REMUNERATION AND BENEFIT5 None of the trustees lor any persons connerted with them) recelved any remuneratlon or beneflts from the charlty durlng the year. Trnstees. expenses Sundry expenses of £1,294 were relmbur5ed to f6ve Councll ￿￿rnbers for hospltallty expenses and admlnlstratlon Co$￿ In 2023. £1.150 was pald to th￿e members of the Councll. io. STAFF COSTS 31.1124 31.12.23 Wages and salarles 11.955 10,876 11.955 10,876 The average monthly numberof employees durlng the year was as follows: 31.12.24 31.12.23 Admlnlstrator No empl¢)yees received emoluments in excess of £60,000. ii. COMPARATIVES FOR STATEMENT OF FINANaAL AcfMTIES- YEAR ENDED 31.12.23 Unrestrlcted funds Restrlcted funds Total fun(ts INCOME AND ENDOWMEI4TS FROM Donatlons and legacies 34.851 900 35,751 Charltable artfvltles Income 56,007 56.007 Investment Incorne 62 62 Total 90.920 91,820 EXPENDITURE ON Charltable actl¥ltles Expendlture 85.278 900 86,178 NET114COME Transfers between fund5 5.642 500 5.642 Net movement In funds 6,142 5,642 RECONCIUATION OF FUND5 Total funds brought forward 60,620 1.390 62,010 TOTAL FUNDS CARRIED FORWARD 66,762 67,652 Page 14 contlnued...

Notes to the Hnandal Statements. contlnued forthe Year Ended 31 December 20Z4 INTANGIBLE FIXED ASSETS Computer software At ljanuary 2024 and 31 December 2024 1200 AMORTISATION At ljanuary 2024 and 31 De￿fflber 2024 1.200 NET BOOK VAWE At 31 December 2024 At 311)ecember 2023 13. TANGIBLE FIXED ASSETS Flxtures and flttlngs At l January 2024 and 31 December 2024 10.761 DEPREaATION At l January 2024 and 31 December 2024 10,761 NET BOOK VALUE At 31 December 2024 At 31 De￿rnber 2023 FIXED ASSET INVEsfMENT5 Unllsted Investmerrts MARKEfvAWE At l January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 27 At31 December2023 27 There were no Investment assets outslde the UL DEBTORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 31.1124 31.12.23 Other debtors Prepayments aThl acuued Income 335 I￿52 358 2,526 I￿87 Page IS contlnued...

8ewdley Festlval Umfted Notes to the Flnondal Statements- contlnued for the Ye4r Ended 31 December 2024 16. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 31.12.24 31.12.23 Other ¢￿dItOrs Accruals and deferred Income 494 204S 8,620 1,172 2￿39 9,792 17. LEASING AGREEMENTS Minlmum lease payments under non-cancellable operatlng teases fall due a5 follows: 31.12.24 31.12.23 Between one and flve years 720 MOVEMENT IN FUNDS Net movement In funds Transfers between fuThls At 31.12.24 At 1.1.24 Unrestrfrted funds General fund Designated funds 65.951 811 115J95) 155) 50N76 836 66.762 (15.450) 51.312 Restrfcted fundg The Helen Rachael Mackaness Char5tsble Trust SGH Venue Management {iooi P901 790 (8901 TOTAL FIJND5 67.652 116,3401 51,312 Net movement in fund5, Included In the above are as follow5: Incomlng resources Resources expended Movement In funds Unrn$trlrted fund5 General fund Deslgnated funds 91375 1106.7701 1551 115,3951 1551 91375 1106.8251 (￿￿50) Re5trlcted funds The Helen Rachael Mackaness Charitable Trust SGH Venue Managernent Bewdley Town Councll Hmley avlc Society (ioo) 17901 11,000) ILS001 (1001 (7901 1.500 3,100 I3￿90) 1890) TOTAL FUN05 94075 (1100151 116,340) Page 16 contlnued...

BevAll¢y Festlval Umlted for ts Year Ended 31 December ZOZ4 MOVEMENT IN FUNDS- Mntlnued Comparntlves for ￿￿*￿Trent In funds Net movement In funds Transfers between fund$ At 31.12.23 At 1.1.23 Unrestrlrted funds General fund Desl8nated fund5 60.109 511 6,342 17001 1500) 65.951 811 5,642 66,762 Restrkted funds The Helen Rachael macka￿￿ Charitsble Trust SGH Venue Management Other i￿) 790 150D) 890 TOTAL FUNDS 62,010 5,642 67,652 Comparatlve net movement In funds, Included In the aLKNe are as follows: Inc(mln8 Resources expended Movement In funds Unreitrlcted funds General fund Oesl8nated funds 90,520 184,178) 11,100) 6.342 1700) 90.920 185,278) 5,642 Restrlrted funds The Helen Rachael m￿k•n￿$ Chjrltsble Trust 8ewdleyTown Coundl Llons- Youth Festfval 350 3(Kl 250 1350) 1300) 1250) 190D) TOTAL FUNDS 91,820 186,1781 S.642 Purpose of restrlcted fvnds: The Helen Rachael Mackane55 Charitsble Tn￿t funds held ale to be used for the Youth Festfval. The Roger & l)ouglas Turner Charltable Trust funds held are to be used for the Youth Festlval. BewdleyTown Councll provkled a £300 Ernnt towards the cost of the Arts ProJecL SGH Venue ManaBement funds are to be used towards the CD recordlng proJecL othei funds held are to be used for the yO￿h Festfv•l. Purpose of seneral funds: Thls represents free funds of the tharity whlch are not deslgnated for parucular purposes. However, the Council of Management CODslders It necessary to malntsln reseffts at this level to enable pkinnin8 of the next Festlval to go ahead and advance flnanclal commltments to be entered Into. PaEe 17 contlnued...

Bewdley Fe5tlval Llmlted Notes to the Anancknl Statements- ¢ontlnu•d for the Year Ended 31 Dè¢ember 2024 18. MOVEMEKf IN FUN05- contlnyed Purpose of de51gnated funds: The charity trustees have designated funds for Bewdley Communlty Arts Foundation proiect. These funds have been set aslde by the trustees In a separate bank account, wlth the Intentlon of setting up a new charlty once the prohct Is estsblished. RELATED PARTY DISCLOSURES On 2nd April 2022. The Bewdley School Foundation. a prbvate company Ilmlted by guarantee, was Incorporated. Membership of thls company Includes two Bewdley Fest]val Soclety Commlttee members Mrs S Pennlngton and Mr N Shaw. The objert of The Bewdley School Foundatlon Is to advance the educatlon of the puplls at Bewdley School whSle paylng due regard to the obligation to promote communlty cohesion under t￿ Educatlon Acts. In the event of thls company belng wound up, the Ilablllty of each Bewdley Festlval Soclety Commlttee member Is Ilmlted to £10. Page 18

8ewdley Fe5tlval Limited Oet•lled Statement ol FIna￿tal Aclhltles for the Year Ended 31 December 2024 31.12.24 Totsl funds 31.12.23 Total funds Unrestrlcted funds Restrkted fvnds INCOME AND ENDOWMENIS Donatlons and legades Donatlons and gifts 35￿37 38M7 35,751 Investment Income Oeposlt account Interest 292 292 62 Charitable artfvltles Tlcket and programme sales Commlsslon recebved AdvertSsements Otr*r income 54J 425 $4056 425 425 56,007 55Y6 S5￿46 56,007 Totsl IncomlnK resources 91375 94A75 91.820 EXPENDITURE Ch•Titable actl¥ltles Artlsts fees Hlre of venue etc Commlsslon on ticket sole5 Post festlval lunth Glfts and hospltslity Art projects Performing Right Soclety Youth events Foundation 37A04 31.939 1.0 39,452 11,196 1,138 2,402 507 I￿30 881 1.532 3,032 3L939 525 3.025 73.679 61,670 Support costs Offlce and other costs Wages Office runnlng costs Postsge and statlonery Advertlslng Sundries Glfts Meetlng rooms SubscrlptiOn5 OE Refunds Bank charge5 IlJ55 11.955 7222 IOA76 5,326 8A15 3285 175 8A90 3285 4,260 541 $41 250 3￿27 L132 135 135 157 35.151 965 36,116 23,548 Governance costs Independent examlnatlon Total resources expended 106J25 86.178 Net Income I￿￿50) (16XII 5,642 Thls page does not forrn partof the statutoryftna￿lal statements Page 19