SALISBURY FESTIVAL LIMITED

Charity number: 276940
Removed charity

Charity overview

Activities - how the charity spends its money

Multi Arts Festival predominantly through the two weeks ending May, beginning June.

Income and expenditure

Data for financial year ending 31 July 2017

Total income:
£855,233

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Donations and legacies £418.67k
Charitable activities £262.69k
Other trading activities £173.70k
Investments £173
Other £0

Total expenditure:
£859,916

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Raising funds £0
Charitable activities £767.98k
Other £50.19k

£0 investments gains (losses)

Total income includes £19,350 from government contract(s) and £99,571 from government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £91.94k
Charitable expenditure £767.98k

Fundraising

This charity raises funds from the public but does not work with commercial participators.

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Arts/culture/heritage/science
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Other Charitable Activities
Where the charity operates:
  • Dorset
  • Hampshire
  • Wiltshire

Governance

Registration history:
  • 19 December 1978: Standard registration
  • 13 July 2019: Removed (Amalgamated)
  • 13 July 2019: Funds transferred to 249169 WILTSHIRE CREATIVE
Organisation type:
Charitable company
Other names:
  • AGEAS SALISBURY INTERNATIONAL ARTS FESTIVAL (Working name)
  • SALISBURY FESTIVITIES LIMITED (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Financial history

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Financial period end date

Income / Expenditure 31/07/2013 31/07/2014 31/07/2015 31/07/2016 31/07/2017
Total gross income £1.00m £974.22k £971.33k £921.50k £855.23k
Total expenditure £1.04m £978.41k £957.41k £968.79k £859.92k
Income from government contracts N/A N/A £15.00k £15.00k £19.35k
Income from government grants N/A N/A £119.41k £108.97k £99.57k
Income - Donations and legacies £515.04k £444.36k £463.83k £455.12k £418.67k
Income - Other trading activities £238.67k £250.49k £219.51k £178.82k £173.70k
Income - Charitable activities £247.67k £278.11k £287.45k £287.16k £262.69k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.25k £1.27k £539 £399 £173
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £983.72k £914.79k £896.04k £922.41k £767.98k
Expenditure - Raising funds N/A N/A N/A £46.38k £41.74k
Expenditure - Governance £11.07k £10.71k £10.39k £24.93k £5.83k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £50.19k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/07/2013 31/07/2014 31/07/2015 31/07/2016 31/07/2017
Own use assets £2.14k £2.69k £8.73k £7.45k £0
Long-term investments £0 £0 £0 £0 £0
Other assets £387.68k £278.06k £272.11k £307.86k £233.46k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £245.90k £141.01k £127.18k £208.94k £131.76k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2018 Not submitted
Accounts and TAR 31 July 2018 Not submitted
Annual return 31 July 2017 30 January 2018 On Time
Accounts and TAR 31 July 2017 30 January 2018 On Time
Annual return 31 July 2016 25 May 2017 On Time
Accounts and TAR 31 July 2016 25 May 2017 On Time
Annual return 31 July 2015 25 February 2016 On Time
Accounts and TAR 31 July 2015 01 March 2016 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 25TH OCTOBER 1978 AS AMENDED 3RD NOVEMBER 1992, 10TH MAY 1995 AND 23 JULY 2003

Charitable objects

TO ADVANCE EDUCATION OF THE GENERAL PUBLIC IN LOCAL HISTORY AND THE ARTS, PARTICULARLY BY THE PROMOTION OF EDUCATIONAL MUSICAL CONCERTS, THE PRODUCTION OF EDUCATIONAL PLAYS AND THE ENCOURAGEMENT OF THE ARTS INCLUDING THE ARTS OF MUSIC, BALLET, SINGING, DRAMA, MIME, DANCING. (FOR FURTHER DETAILS SEE CLAUSE 3 OF MEMORANDUM OF ASSOCIATION)

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED