for the Period Ended 31 October 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | ( | |
Other operating income: | | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
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| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2023
Basis of measurement and preparation
for the Period Ended 31 October 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 31 October 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 31 October 2023
2023 | 2022 | |
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£ | £ | |
Trade creditors | | |
Total | | |
In August 2021 we were successful in winning a tender with Pembrokeshire County Council to run two music festivals in St. Davids as part of the European Union funded Ancient Connections project. The festivals were to be held in “shoulder season” outside the main holiday/tourist seasons to help boost the income of local businesses and musicians through bringing people into the area.The festival was named CWTCH Festival, St. Davids. In April 2023 we held the second one.After this it was though appropriate to change the festival name to Boia Festival, St Davids, and the first of these was held on the last weekend of October 2023.We recieved a monthly payment for the sum of £3,166.66 until July 2023 (a total of £47, 499.90 for two festivals). All of the money was to be spent on running the festivals and thus was restricted income. We are a non-profit organisation so any other money we made from ticket sales would be ploughed into upcoming festivals. The festival in April 2023 was run on a voluntary basis by the co-directors and volunteers, but we thought it appropriate to pay the organisers some money for the October 2023 festival.The first 2023 festival was a scaled down version, and the October one was full scale. Running two large festivals in one year we felt was too tiring for organisers.For the October festival we were successful in getting a grant (sub £10K) from Arts Council Wales.The headline act at the main venue on the Saturday night in October was Gaz Coombes (formerly of Supergrass), an internationally known rock act who have headlined stages all over the world. Other well know acts headlined other nights and venues.In all, more than 30 acts played in October, either in main ticketed venues or on the “Trail” which consisted of pub and cafe stages and was free to the public.Shops, hotels, b&bs, guest houses and cafes benefited financially, as did local musicians who were paid to play in the venues. Feedback from local businesses and residents was unanimously positive in that they wanted it to happen again and for it to be a yearly event. Around 600 people per day engaged withe the October festival.
We have talked to business owners, local musicians, owners of cafes, pubs and shops, owners of hotels, B&Bs & guest houses. Local people enjoy the evnts, whether they are free or pay-for.Several pubs like it enough to sponsor the festival, so has local brewery.We are talking to the local council about how best to market the festival to sponsors from both inside and outside the area.
Three directors were paid for differing work around the festival.Festival director Steve Prior was paid £2,000 towards work over more than 9 months curating, booking acts, venues and equipment, and publicity on a freelance basis.Jacob Harries was paid £1,500 toward work over 9 months fundraising, for admin, financial and festival strategy work over on a freelance basis.Michael Chant was paid £650 for running a P.A. system in a venue and preforming at the festival.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 July 2024
And signed on behalf of the board by:
Name: jacob Harries
Status: Director