UPTON FESTIVAL OF BLUES LIMITED
The charity holds an annual free festival of blues music in Upton upon Severn, Worcestershire. The festival is about advancing the art of blues music for the public benefit with educational events forming part of the festival.The festival show cases the best of blues music, featuring blues artists who are well known and in addtion providing an outlet for up and coming artists.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £16,528 for the year ended 31 October 2024, resulting in total unrestricted funds of £199,381. The trustees note that the charity's going concern status is dependent on the continuing success of the annual festival and the future flow of uncertain funding streams. Free reserves, excluding tangible assets, stood at £188,224, which the trustees consider sufficient to maintain festival operations and contingencies.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to the fundamental costs of the following year's festival in order to allow for contingencies caused by external factors.” — page 5
“The charitable activities are entirely dependent on the continuing success of the annual festival. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts, and after reviewing the financial forecasts for the 2025 festival, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.” — page 11
“Mrs R H Etheridge received an honorarium of £nil (2023 £nil) and a salary of £5,000 (2023 £5,000) in her capacity as Festival Administrator. Mr G J Bunn received an honorarium of £nil (2023 £nil) and a salary of £10,000 (2023 £10,000) in his capacity as Festival Director.” — page 16
“Mrs R H Etheridge received an honorarium of £nil (2023 £nil) and a salary of £5,000 (2023 £5,000) in her capacity as Festival Administrator. Mr G J Bunn received an honorarium of £nil (2023 £nil) and a salary of £10,000 (2023 £10,000) in his capacity as Festival Director.” — page 16
Trustees
- Grahame James Bunn
- MICHAEL RAYMOND MORGAN
- Peter David Jordan
- RUTH HASLE ETHERIDGE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £464k | £448k |
| 31/10/2024 | £395k | £412k |
| 31/10/2023 | £407k | £328k |
| 31/10/2022 | £283k | £264k |
| 31/10/2021 | £0 | £8k |
Common questions
Is UPTON FESTIVAL OF BLUES LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £16,528 for the year ended 31 October 2024, resulting in total unrestricted funds of £199,381. The trustees note that the charity's going concern status is dependent on the continuing success of the annual festival and the future flow of uncertain funding streams. Free reserves, excluding tangible assets, stood at £188,224, which the trustees consider sufficient to maintain festival operations and contingencies. Its FY2024 accounts were independently examined.