Charity registration number 500958
Company registration number 6492191 (England and Wales)
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Charles Pantin - Treasurer
Susan Pantin - Chair and Co-Producer
Chris Brammeld - Artistic Director
Anne Thompson - Trustee
Susan Hallam - Vice President and Co-Producer
Barbara Garside - Trustee and minute secretary
Mrs Rhoda Bailey - Trustee
(Appointed 1 October 2023)
Secretary
Barbara Garside - Trustee and minute secretary
Charity number
500958
Company number
6492191
Registered office
13 Barnfield
Penkhull
Stoke on Trent
Staffordshire
ST4 5JF
Independent examiner
C B V France
Geens Limited
Graphic House
124 City Road
Stoke on Trent
ST4 2PH
Bankers
LLoyds Bank
Fountain Square
Hanley
Stoke on Trent
ST1 1LE
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
CONTENTS
Page
Trustees report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 10
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 28 February 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

The concert programme 15th _ 17th September 2022

 

The theme of this year’s Festival was “Landscapes and Legends”.

 

The Festival opened with a “World of Guitar” performance by classical guitarist Peter Black. Peter combined some well-known pieces with Flamenco, which he studied in Andalucia, and Latin –with musicians from Rio De Janeiro. He is a virtuoso guitarist combining the technical qualities and emotion of classical performance to the feeling, groove and accessibility of popular styles. The performance took place in the intimate setting of Penkhull Village Hall and, as the September evening light faded, the beautifully lit and staged performance had a special quality – as if Peter was performing in your own lounge. The audience was stunned by his sensitivity to the performance and the wonderful descriptions of each piece.

 

On the Friday evening we returned to St Thomas’s Church in Penkhull. Multi award-winning Julien Van Mellaerts, baritone, and Jocelyn Freeman, pianist, performed music by Brahms, Sibelius, Richard Strauss, Butterworth, Ibert and Ravel. One of the highlights of their performance was our Artistic Director’s arrangements of three folk songs. Julien represented New Zealand at Cardiff Singer of the World 2019. It was wonderful to welcome Jocelyn back to the Festival- herself an award-winning collaborative pianist and conductor from Wales.

 

The closing concert featured the National Youth Chamber Choir – 24 outstanding singers aged 18-25 performing an eclectic mixture of choral music on the theme of the landscape of our country and our planet. The programme included music by Ticheli, Parry, Whitacre, Esenvalds, Grandage, Beamish and Rusby. Two of our Artistic Director’s arrangements of Folk Songs from the British Isles received high praise from audience members. Their conductor, Greg Hallam, received a very warm welcome back to the Festival – having been its Artistic Director from 2008 to 2018.

 

On the Friday lunchtime we offer a free concert performed by music students from Newcastle-under-Lyme School. They perform as soloists and as part of small instrumental and choral ensembles. With the unerring support of their Director of Music, Mr Tim Sagar, they inspire the audience which partly comprises Key Stage 2 pupils from a mixture of Primary Schools from the local area. The annual May Walley Young Musician’s Award is presented by our Artistic Director. The award is specifically for musicianship, musicality and excellence in performance – and is presented in memory of May Walley MBE (1910-2010) Penkhull Festival’s founder and director from 1966 to 2005. Additionally, she taught music at Newcastle-under-Lyme School for many years.

Following the lunchtime concert over 100 pupils from local primary schools participated in a singing workshop. Unfortunately, Simon Berridge – a highly experienced concert singer (member of The Sixteen for many years) – was ill and unable to deliver the workshop. Mr Tony O’Rourke, formerly a senior vocal practitioner for the Stoke-on-Trent City Music Service, was able to save the day and so the young people and their teachers had a most enjoyable and educational afternoon of singing in his very capable hands.

 

Art

 

The art exhibition that forms part of Penkhull Festival of Music and Art was mounted by creative partners Trent Art. The works were reviewed enthusiastically by the audience during the intervals - with many attending the artistic finale in the Newcastle gallery on the Sunday.

PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
Achievements and performance
Financial review

We were fortunate to gain just under £500 to part-fund the school’s workshop from our Local Council Fund.

Plans for future periods

2023 Festival

Planning for 2023 started even before the Festival 2022 was over and trustees look forward to a full concert and artistic programme.

Structure, governance and management

The charitable company is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Charles Pantin - Treasurer
Susan Pantin - Chair and Co-Producer
Chris Brammeld - Artistic Director
Anne Thompson - Trustee
Susan Hallam - Vice President and Co-Producer
Barbara Garside - Trustee and minute secretary
Mrs Rhoda Bailey - Trustee
(Appointed 1 October 2023)

The trustees report was approved by the Board of Trustees.

Charles Pantin - Treasurer
trustee
16 November 2023
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PENKHULL FESTIVAL OF MUSIC AND ART LTD
- 3 -

I report to the trustees on my examination of the financial statements of Penkhull Festival of Music and Art Ltd (the charitable company) for the year ended 28 February 2023.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

C B V France
For and behalf of
Geens Limited
Graphic house
124 City Road
Stoke on trent
ST4 2PH
Dated: 16 November 2023
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
Unrestricted
Unrestricted
funds
funds
2023
2022
Notes
£
£
Income from:
Donations and legacies
3
6,020
5,729
Charitable activities
4
5,472
3,897
Total income
11,492
9,626
Expenditure on:
Charitable activities
5
16,591
7,121
Net (expenditure)/income for the year/
Net movement in funds
(5,099)
2,505
Fund balances at 1 March 2022
15,327
12,822
Fund balances at 28 February 2023
10,228
15,327

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 5 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
10,858
15,927
Creditors: amounts falling due within one year
10
(630)
(600)
Net current assets
10,228
15,327
Income funds
Unrestricted funds
10,228
15,327
10,228
15,327

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 28 February 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 16 November 2023
Charles Pantin -  Treasurer
Trustee
Company registration number 6492191
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 6 -
1
Accounting policies
Charity information

Penkhull Festival of Music and Art Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 13 Barnfield, Penkhull, Stoke on Trent, Staffordshire, ST4 5JF.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.

 

The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 8 -
2
Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£
Donations and gifts
25
-

Gift aid

1,034
1,134
Membership fees
4,482
4,595

Government grants

479
-
6,020
5,729
4
Charitable activities

Charitable Income

Charitable Income

2023
2022
£
£

Ticket sales and refreshments

5,472
3,897
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 9 -
5
Charitable activities

Charitable Expenditure

Charitable Expenditure

2023
2022
£
£

Honorarium

500
500

Venue Hire

1,660
508

Concerts

10,205
3,366

Publicity

1,166
906

Refreshments and decorations

1,458
468

Insurance

564
553

Postage and stationary

237
55

Conference fees

-
85

Travelling

171
80
15,961
6,521
Share of governance costs (see note 6)
630
600
16,591
7,121
6
Support costs
Support costs
Governance costs
2023
2022
£
£
£
£
Accountancy
-
630
630
600
-
630
630
600
Analysed between
Charitable activities
-
630
630
600

Governance costs includes amount payable to the independent examiner totalling £630 (2022- £600).

7
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year.
PENKHULL FESTIVAL OF MUSIC AND ART LTD
FORMERLY "THE PENKHULL FESTIVAL LIMITED"
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 10 -
8
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
9
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10
Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
630
600
11
Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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