MAIDENHEAD FESTIVAL C.I.C.

Company limited by guarantee

Company Registration Number:
10108142 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

MAIDENHEAD FESTIVAL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MAIDENHEAD FESTIVAL C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 19,235 16,499
Cost of sales: ( 52,781 ) ( 50,789 )
Gross profit(or loss): (33,546) (34,290)
Distribution costs: ( 3,417 ) ( 3,656 )
Other operating income: 48,183 24,305
Operating profit(or loss): 11,220 (13,641)
Interest receivable and similar income: 1,322 474
Profit(or loss) before tax: 12,542 (13,167)
Tax: 0 0
Profit(or loss) for the financial year: 12,542 (13,167)

MAIDENHEAD FESTIVAL C.I.C.

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 56,955 44,412
Total current assets: 56,955 44,412
Creditors: amounts falling due within one year: 3 ( 10,029 ) 0
Net current assets (liabilities): 46,926 44,412
Total assets less current liabilities: 46,926 44,412
Total net assets (liabilities): 46,926 44,412
Members' funds
Profit and loss account: 46,926 44,412
Total members' funds: 46,926 44,412

The notes form part of these financial statements

MAIDENHEAD FESTIVAL C.I.C.

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Lisa Hunter
Status: Director

The notes form part of these financial statements

MAIDENHEAD FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Maidenhead Festival operates on a not-for-profit basis. Income is generated primarily through: Charging commercial stallholders and street food traders for pitches. Selling advertising space on the festival’s cinema screen. Securing sponsorships and grants from local businesses and charitable organisations. The Festival aims to keep all events free to attend, ensuring accessibility for all members of the community, regardless of their financial circumstances. Any surplus income is reinvested back into the Festival to fund future events and improve the festival's offerings, infrastructure, sustainability initiatives, and community outreach. Volunteers are not paid; all organisational efforts are contributed on a voluntary basis to maximise community benefit.

MAIDENHEAD FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MAIDENHEAD FESTIVAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 10,029 0
Total 10,029 0

COMMUNITY INTEREST ANNUAL REPORT

MAIDENHEAD FESTIVAL C.I.C.

Company Number: 10108142 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

During the financial year, our organisation made a significant positive impact on the local community through the delivery of Maidenhead Festival 2024, the largest free public event in Maidenhead. The festival was organised entirely by volunteers and welcomed up to 10,000 attendees over two days, creating a vibrant, inclusive, and accessible environment for people of all backgrounds. Key community benefits included: Support for the Voluntary Sector: - 22 local charities and community groups were offered reduced pitch fees, enabling them to raise funds, recruit volunteers, and raise awareness. - Initiatives like the "Stand Out for Autism Bus" and ear defenders for hire enhanced accessibility and inclusivity for individuals with additional needs. Volunteering and Work Experience: - 45 volunteers contributed over 350 hours to support the event. - Opportunities were provided to refugees seeking asylum and to a local photography student, promoting empowerment, skills development, and community integration. Promotion of the Arts and Local Talent: - 27 local acts, consisting of 258 performers, showcased their talents on stage, gaining valuable experience and exposure. - Fringe events such as the Battle of the Bands and Music on the Move gave emerging artists opportunities to perform across local venues. Economic Support for Local Businesses: - 65 market stallholders and 13 street food vendors benefited from increased footfall. - Local businesses were supported through advertising opportunities, generating over £3,000 in income via the festival cinema screen. Sustainability Initiatives: The festival furthered its commitment to sustainability by eliminating single-use plastic water bottles and replacing diesel generators with cleaner LPG units. Community Cohesion and Use of Public Spaces: The event promoted community spirit, goodwill, and inclusivity by offering free access to arts, music, activities, and entertainment, showcasing Maidenhead’s open spaces as welcoming hubs for all. The Festival remains committed to ensuring that its activities are accessible to everyone, regardless of social background, race, or religion, and contributes directly to reducing social isolation and enhancing community wellbeing.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 October 2024

And signed on behalf of the board by:
Name: Lisa Hunter
Status: Director