TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
(REGISTERED CHARrrY NO: 1039997)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024
INDEX
Page
112
Trustees Report
Independent Examiners Report
Statement of FInancI￿ Aclivilios
Balance Sheet
6111
Notes to the Accounls
The fDllow5ng pages do not foim part of the statutory ac¢ounts
12
Income and Expenditure Account- General (Detailed)
Income and Expenditure Account- Restricted Funds
13

TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
CONSTITUTIONAL AND STATUTORY INFORMATION AND
REPDRT OF THE TRUSTEES
The trustees present thelr report and accounts for the year ended 30 June 2024.
Governlng Instrument
The Torbay and South West of England Festival was estsblished in 1941 and is regislered with the Charity
Commission for England and Wales - number 1039997.
The charlty's objects and regulations are regulatsd by the constitution datwj 1941 as agreed by the then trustees (a6
amended by the 1993 Annual Genoral Meeting. Ihe 1994 Extraordinary General Meeting, and th6 2002 and 2009
Annual General Meetings). and Is constituted as an ursincorporated association.
Re¢ruitment and appointment of trustees
The trustees are eligible to appoinl additional trustees under the terms of the constitution.
Introduction and training of trustees
New trust8es are selected on the basis of the skills thal tt)ey have to complement the existing commlttee. They meet
with extsling trustees and key vc>lunleers to ensure that they feel comfortable with the organisation and are happy to
become part of the team. Information packs are provided to new trustees giving detsils of thoSr responsibllitits under
the Charities Act and background to the charity.
Objects otthe charlty, prlnclpaf actlvllles and organfsation of work
The object of the charity and its principal acltvity continues to be to advance Ihe education of the public in the Arts,
and in particijlar Music, Speech, Drama, and Dance, in all their branche5.
The charity is organised so that the trustees meet regularly to manage its affairs.
Summary of th¢ main activities undertaken for the publi¢ bonafit In relatlon to these obi0¢ts
In plannlng our activities for Ihe year we kept in mind the Charity Commission's guldance on pijblic benefit at our
trustee meetings.
The focus of our activities remains th8 Staging of an annual fesllval, in which every perfomiance is professlonally
assessed and marked. This benefits the children, young people and adults by their partlclpation in cultural activity,
adding to their education in the arts, developing their self-confidence and increasing their social skills.
We welcome all chlldren, young people and 8dults regardless of personal background, faith, gender or personal
C1￿umstanceS and we believe this philosophy of openness to all enriches everyone through the sharing of the talents.
skills, aptltudes and Ilfe experiences of our children and young people aged from three to 18 and adults and
volunteers.
Achiovement$ this year and financlal posltion
As a responsible charity, we keep abreast of changes in legislatlon, child licensing, s8feguardlng and data protection,
etc. W8 believe this is best achieved by maintainlng close links with Ihe British and Intem8tional Federation of
F"estlval"s, parlicularfy its annual conference and blannual" regionaf meetings, at whlch w8 share new Ideas and
best Pfaclice.
The financial result this year is disappolnting, giv8n the increase in our Income. We suffered increaslng costs, some
of which are outside our control, and we have already taken positive action to reverse this situation. The impact of
this action will not be felt until the 2024125 financial year. In the meantime, prudenl accumulation of reserves over
the years means that the loss we sustained in the yèar ond8d 30 June 2024 has bean absorbed and we have
Su￿￿Ent resources to continue for the foreseeable future.

TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
CONSTITUTIONAL AND STATUTORY INFORMATION AND
REPORT OF THE TRUSTEES (Gont'd)
Prlncipal address
The prlnclpal address of the charity is:
Torbay and South W8St of England Festiv81
6 Thorne Park Road
Torquay
Devon
TQ2 6RX
Bankors
The principal bankers of the Charity a￿.
HSBC PIC
7 Palace Avenu8
Paignton
TQ3 3ED
Twstaes
The members of the Executtve CommIttee￿ruStees of the Festival during the year ended 30 June 2024 were:
Jennifer Bald
Mary Kathryn Besiwick
Chrislopher Blurton
Carolyne Clark
Kenneth Dow811
Llnda Lear (Chalr)
Dianne Martin
Catherine Serjeant
Karen Walker
The members of Ihe Executive Committee (Tru$tee8) are elected each year at the Annu81 General M6eting. Mrs
Linda D Lear chairs Ehe Executive Committee.
R•sorvo5 policy
The total ￿SerVeS held at year end are £38,047 (2023.. £43,537). It is the policy of the trustees lo maintain unrestrict6d
funds lo nol more than the mnning costs of the charity for a two-year period and lo transfer any surplus over and
above this level to the designated funds.
Investment poll¢y
In accordance with the conslltulion, the trustees have the power lo Invest in such investments as they see fil.
Grant-maklng pollcy
Higher educatlon grants The twstees have agreed to provide small grants to competitors who have been placed
IrT specialist training, in order to purchase essential it8ms for their training.
Junlor teachtng grants The trustees have agreed to provide grants for state schools for year 6 or below towards
specialist teaching In the perforni1￿. arts for the ensuing tem. on condition that the school is situate(J in Devon and
has a history of enlering the f&slival.
Appr
d by the Truslees on
MrsL
ear
Chairman. Executive Commlttse

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
I report to the charity tTUSte8s on my examination of the accounts of the charity for the year ended 30th June 2024
which are sel OLrt on pages 4 to 11.
Responsibllltles and bas1$ of report
As the charity's trustees you are responsble for the preparatlon ofthe 8¢counts in accordan¢e with the requiremenls
of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying
out my examination I hav8 followed all the applicable Dlrectlons given by the Charrty Commisslon under section
145(5llb) of tho Act.
Indep8ndent examlner'5 Statement
I have completed my examination. I confirm that no material matters have come to my attentlon In connection with
the examination giving me cause to believe that In any material respect..
accounting records were not kept In respect of the charity as require(I by section 130 of th8 Act,. or
the accounls do not accord with those records., or
the accounts do not comply wlth the applicable requlrements con¢orning the form and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give
a 'true and fair view, which is not a matter cx)nsidered as part of an independent examlnation.
I have no concerns and have come across no oth8r matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper undorstanding of the accounts to be reachod.
Mr M Young FCA
Peplows Limited
Moorgate House
King Stre8t
NEwfoN ABBOT
TQ12 2LG
Date..
li lJlqr

TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
STATEMENTDF FINAPICJkthL kCTJYIFIES
TH
FOR THE YEAR ENDED 30 JUNE 2024
2024
Unrnstricted R¢strf¢tod
Fund
Fund
2023
L4vestrf¢ted Restrtcted
Notes
Total
Total
INCOME
Donations
12,000 11000
Charitable ktEvltloS
Admissior
Entry Fees
Sale of Programmes
AOvsrtl$lro kn Prow.wrfftos
Sale of M¢dals aThJ Lanyards
25.580
20.847
1.634
25,580
20.847
1,634
400
4.294
52.755
24.810
16,070
1,817
24,810
16,070
1,817
4.294
52,755
2,949
46.041
2,949
12,000 58,041
In￿stment Inc(Kne
276
276
131
131
Total
53.031
46.172
12,000
58,172
EXPEMDFFURE
Charitable AGtiviti8s
ot￿r Costs
Total
53,439
4.482
57,921
61W 54,039
4,482
600 58.521
44.Of2
5,949
49.961
1,678
45,890
5,949
1,678 51,639
Net Incom•l{Exp•ndfture) before Transfèrs
Transfer hetwègn Funds
(4,890)
{600) (5,4901
(3,7891
10,322
6,533
Not Movement In Funds
(4.890)
{600} (5.4901
{3.789}
10.322
6,533
Total FLnJs brougN fow&rd at 1st 2023
32,737
10,800 43,537
36.526
478 37.004
Total Funds carr￿d forward at 30th June 2024
27.847
10.200 38.047
32,737
10,800
43,537

TORB*Y APIDSOUTH YdEST DF ENGLkPIDFESTIYAL
BALANCE SHEET
TH
FOR THE YEAR ENDED 30 JUNE 2024
Note8
2024
2024
2023
2023
Curront Assgts
SIoGk
Debtors & PrepaY￿￿ts
Cash
TOTAL CURRENT ASSETS
5,250
4,000
24.158
40,62g
68,787
38.483
43,817
Llabllltles. Amounts falling due wlth one year
Craditots and Accruéd Cltérges
Net Current Assets
38,047
43,537
Net Assets
38,047
43,537
THE FUNDS OF THE CHARrrY
Unrestricted Income Funds
General Fund
12
27.847
32,737
R8$trlct*d Income Funds
Karen Collings Fund
10,200
10,800
38,047
43.537
Approved by the Board of TNsts8s and authorised for issua on I cL-rc)BER 20111 and signed on its
behalf by
MRS LD LEAR...... .
..CHAIRMAN
MR C BLURTON...................... ..... .... .... ............
..VICE CHAIRMAN

TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
NOTES TO THE ACCOUNTS
TH
FOR THE YEAR ENDED 30 JUNE 2024
General Infornigtlon
Torbay and South Wesl of England Festival is a charity registered with the Charity CommissK)n in England
and Wales (Registration number 10399971- It is gov8rned by a conslilulion and rnanaged by the trustees.
The address of the registered offiGe 15 given in the charily inforrllation on page 2 of these financial statements.
The objecls of the charity and its principal activities continues to be to advance the education of the publlc in
the arts, and in particular music, speech, drama and dance in all thelr branches.
2. Accounting Pollcles
a) 8asls of A¢¢ountlng
The financial slalements have been prepared under the historlcal cost convention with items recognised at
cost or transaction value uft18SS Otherwise ststed in the relevant notes to these accounts. The financlal
statements have been preparod in accordance with the Statement of Re¢ommended Pr8Ctice". Accounting
8nd Reporting by Charities preparing their accounts in accordance whh the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102- issued in October 2019} and the Financial Reporting
Standard applicable in the United Ktngdom and Republic of Ireland IFRS 1021, and the Charities Act 2011.
The accounts ar& propared in St8rting and rounded to th8 nearest £.
TO￿aY and Soulh West of England Festival meets the definition of 8 Public Beneflt Charity undor FR8102.
The Committee believes that the Charity has sufficient resources to continue for th8 for05eeable futur8 and
hence the financial statemenls have been prepared on a going conc8m basls.
b) Income Recognition
All incoming resources are Included in the Slalement of Financial A¢tivilles ISOFA) when the charity is legally
entitled to the income after any performance conditions have been met, th6 amount can be measured reliably
and it is probable that tha income will be received.
cl Donatlons and Voluntary Incom6
Oonations and voluntary income are accounted for gross when r6ceiv8d.
d) Grants Payable
Grants payable are accounted for when the Charity is committed to paying them.
el Allocatlon of Costs
Costs are allocated between diroct charltable and oth6r expenditure accordlng lo the nature of the ¢osl.
Where items involve more than one category they are apportioned be￿een the calegori8s according to the
nature Of the cost. Costs include any irrecoverable VAT.
Investment Income
Thls and any associated tax credits are included in the accounts when recebvable.
g) Fund A¢¢ountlng
Unrestricted funds are donations and other incoming resources receivable or generatsd for the objects of the
Charity without further specified purpose and are avallable as general funds.
Restrictsd funds are lo be used for the specific purposes as laid down by the donor. Expenditure which
meets these crlteria Is Charged to the fund, together wth a fair 8llocatlon of management costs.
h) Stocks
Stocks are valued at the l¢)wer of cost and net r881isable value on a FIFO basis.
l) Debtors and Cr•dltors Receivable I Payabl• Wrthln One Year
Deblors and creditors with no stated interest rale and receivable or payable within one ye8r are recorded at
transaclion price. Any losses arising from impairment are recognised in expenditure.

J) Donated Servlces
The Charity benefits gre811y from the involvement and enthusiastic support of its many volunteers. In
accordanc8 wilh the.Charity 8ORP Ihe ecOr￿MiC nontributitin of g8neral v.oFutit8ers Is not measurAd In tha
accounts.
k) Financial Instruments
The Charity hold8 Ihe followrng financial instruFnents-
Short term trade and other debtors ar￿ cr6ditors' and
.Ga&h. ,andbarth halaThogSs
Ail financial instruments are ciassffied as basic.
The Charity has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the Charity becomes paty to the o)ntractual provisions of the
instrument and derecognised when in the case of assets, the conlraclual rights to cash flows frotn the assets
or stib￿a￿rIalF￿ all ffte ¢iglÈ èlld IéWat6a of oWrier*hi￿ aré l*a*slérréd to am'otriéfm, tt*i.thé eage
of liabilities, when the Charity's obligations are discharged, expire or ar8 can￿lled.
Basic financial assets ¢ompriso short term Irade and other debtors and cash and bank balanc8s. Basic
financial liabililies comprise short tenn trade and other creditors and bank loans.
Such instruments ar8 initially measured at transaction price, including transaction costs, and are
subsequently carried at the undiscounled amount of the cash or other consideration expected to b6 pald or
received, after taking account of impairment adjustments.
3. Char]table ktlvltle
Unra$tricted R•strfet•d
Fund
Fund
Totsl
2024
Totsl
2023
Grants.. Grants pald to Indfvlduals & ￿$￿tU10n$
Adjudicators. Fees and Eygnses
¥)nw8nist Fées
Pdnting, Stationery & Postsge
Hlre of Th&alre and Planos
M8dals. Cups and Lanyards
Catering
PayPal & Card Reader Charges
Tf8vel a￿￿'SUI>S18￿1)E4
AGM and Meeting Eypens98
Donatbns
M18cdlaneous
5.336
8￿25
180
3M85
25.878
2,260
3,557
636
foo
5,936
8,925
180
3,885
25,878
2,260
3,S57
636
6,100
6,658
2,484
22,449
3,529
2,784
433
t65
220
400
220
1,954
54.039
1,048
45,690
53A39
600
Other C051s
Unrostrlct•d Re8trlctsd
Fund
Fund
Total
2023
2024
Fed￿t￿n and Conference Expenses
Ac￿￿￿tanCY Fees for kndependent Ey4nynation
h8uran¢e
Federation s￿b8￿rIpl￿ & Copyright Fbès
Actttunt Chargfys
.WebsiteO'evelopment&firfaifttènan
1.61S
1,615
1,094
1.548
1.000
350
461
73
71
686
71
4,482
5,949

TORBAY AND SOUTH WEST OF ENGIAND FESTIVAL
IOTES TO THE ACCOVNTS
FOR THE YEAR ENDED 30TH JUNE 2024 {Cont'd}
5. Sto¢k
2024
2023
Stocks of M8dals, Lanyards & Labels
6. Debtors
2024
2023
Other Debtors
7. Credltors: amounts falllng due withln one year
2024
2023
Other Creditors
Accruals
4,696
22,990
8. Trustees. and key management Personnel remuneratlon and expenses
No trustee or connected person received any remuneration eilher directly or indireclly. A total of £1,965
(2023.- £3,181) for festival expenditure was reimbursed to seven trustees during the year. At the balance
sheet d8te £189 {2023: £600} was due to one Trustee for reimbursement of festival expenditure and
included vmlin Greditors.
The Charity does not have any employees.

TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
NOTES TO THE Ac￿￿￿73
TH
FOR THE YEAR ENDED 30 JUNE 2024 (Cont'd)
Grants payablo
Transfer
Between
Funds
Balances
30.06.23
Grants
Paid
Balances
30.06.24
Ro$trlctod Fund5
In¢omg
The Karen Collings Fund
Unrestrl¢ted Funds
Total grants of £5,336 were m8de from unrestricted fLtnds.
Purpose of Grants
The purpose of the grants made from unrestii¢ted funds are twfrfold..
al Hlgher Educatlon Grants- to make small grants lo help wlth the costs of further training lor
pertormers who have obtained a place at a principal school of music, drama or stage dance.
b) Junlor Teachlng Grants - grants made lo state prlmary schools for Year 6 and below lowards
specialist teachlng in th8 performing arts.
The purpose of The Karen Collirkgs Fund is to provide annual small grants for performers embarknng on
danc8 training within vocational schools.
2024
2023
Total grgnts payable: Institutions
Individuals
5,336
600
3,700
10. Charltable A¢tlvltle$
The Charlty had only one principal 8Ctivty-
11. Support Costs
2024
2023
Federation & Conference Expenses
Governanco Costs- Independ8nt Examination
Insurance
Subscriptions
Account Ch8rges
Miscollaneous
1,615
1,094
350
1,548
1,000
290
461
73
71

io
TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
MOTES TQ THE ACCOUTr17S
FOR THE YEAR ENDED 30TH JUNE 2024 {Cont'd)
12. Funds Analysis
Balance at
0110712023
Galns I
(losses)
Balance at
3010612024
Eypenditure
Transfers
UNREsTR￿TED
FUNDS
General Fund
TOTAL
UNRESTRICTED
FUNDS
031
-57,921
27,847
32.737
51031
-57.921
27.847
RESTRKTED
FUNDS
Karen Colllngs Fund
TOTAL
RESTRICTED
FUNDS
10,8(KJ
10.200
10.800
00
10,200
45,53T
53.031
,5Zf
38,1147
Balance at
0110712022
Galns I
(k)Ss￿l
Balance at
3WOW2023
Incowt
Expenditure
Transfers
UNRESTRICTED
FUNDS
46,172
32,737
TOTAL
UNRESTRICTED
FUNDS
36,526
4Q172
49,961
32,737
RESTRICTED
FUNDS
Karen Colllngs Fund
12,000
-1.21))
10,8CM)
Pamela De Waal
Fund
TOTAL
RESTRICTED
FUNDS
TOTAL FUNDS
478
478
478
12.000
-1.678
10,800
37.004
58.172
.51.639
43,537
Fund descriptions
Unrestricted funds
These are the general funds rdiS8d by the charity for use in pursuance of the charities objectives.
Restricted funds
Karen Collings- Don8tion 01 £12,000 r8ceNed in 2022 to be us8d as a yearly èducation fund for slud8nts of
thè Furth8r Dance Training

li
TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
PIOTES TD THE ACCQVNTS
FOR THE YEAR ENDED 30Tr1 JUNE 2024 {Conl'd>
13. Summary of Net Assets by Funds
Unrestricted
Fund
Re$trlGted
Fund
Total
Net Current Assets
Net Assets
27
47
38
47
Al Support costs are met from unr8str(cted funds.
14. R8latod Party Transactions and Ultimate Controlling Party
The Charlty has no ultimate controlllng party.
There have been no related paty transactions. other than those relaung to Trustee expense
reimbursements.

12
TOR8AY AND SOUTH WEST OF ENGLAND FESTIVAL
GENERAL (DETAILED) INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30TH JUNE 2024
2024
2023
INCOME
Donatlons
Admissions-
Entry Fe8S:
Dance, Music and Drama
Dance
Muslc
Drama
25.580
13,774
4J.?4
2,149 46,427
1,634
400
24,810
10.844
3,759
1.467
40.880
1,817
395
Sales of ProgrammBs
Adverti8ing in Programmes
Sale of Medals and Lanyards
Deposit & Building Society Interest
4,294
276
53,031
2,949
131
46,172
Less Expenses
Grants
Adjudic8tor8' Fees, Travel & Accorr#nodation
Accompanists
Federation and Conference Expenses
Printing and Stationery
Accountancy
Hire of Theatre and Pianos
Medals, Cups and Lanyards
Calering
Insur8nce
Federation sub￿rip￿0n and Copyright Fees
Miscellaneous
Website
Travel and Subslstence
Account and Card Roader Charges
Donation
5,336
8,925
180
1,615
3,885
1,094
25.878
2,260
3,557
350
4.422
6,658
40
1,548
2.484
1.000
22.449
3,529
2.784
290
461
1,048
2.577
165
506
2,174
20
707
400 57,921
49.961
(DEFICIT} OF INCOME OVER EXPENDrruRE
(4,890
(3.789)
Thts page does not fomi part of the statutory accounts

13
TORBAY AND SOUTH WEST OF ENGLAND FESTIVAL
RESTRICTED FUNDS INCOME AND EXPENDrruRE ACCOUNT
FOR THE YEAR ENDED 30Ttrt JUNE 2024
2024
2023
KAREN
IN
ND
INCOME
Income recelved During Year
LESS: EXPEIISES
Grants
600
SURPLUS I(DEFICITI OF INCOME OVER EXPENDITURE
PAMELA DE WAAL FUND
INCOME
LESS: EXPENSES
Grants
478
{DEFICIT) OF EXPENDITURE OVER INCOME
TOTAL SURPLUSI
DEFICI
RESTRICTED FUNDS
This page does not fomi part oflhe statutory accounts