REGISTERED COMPANY NUMBER: 4950364 (England and Wales) REGISTERED CHARITY NUMBER: 1106158 ort of the Truste and Unaudited Financial Ststements for the Year Ended 31 March 2025 for Wellin Somerset & Distriet Arts Association Charity Commission 2 9 JAN 2026 Received A Plus ACUntancY & Business Solutions Limited The Mount 21 High Street Wellington Sometset TA218QT
Wellin Somerset & District Arts Assoeiation Contents of the Financi21 Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of FiDancRal Activitie5 Balance Sheet 5 to 6 Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activtties 13
Welli Somerset & District Arts Assoeiation ort of the Trustees for the Year Ended 31 March 2025 The trustees who are also directors of the cbarity for the purposes of the Companies Act 2006, present their report with the fll]ancial statements of the cbarity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To advance the education of the public in dram4 singin& music and visual arts. The activities were previously undertakeD by a charity known as Wellington (Some) and District Arts Association (Charity number 289240). At an extraordinary general meeting held on 22nd July 2003 it was d]ded that the Association should be incorporated under the Companies Act 1985 and 1989 as a Company Limited by Guarantee. The company was registered wtth the Charities Commission on 4th October 2004 (charity number 1106158). The Association is made up of the following constituent bodie5" Arcadians, Civic Players, Genesis, Operatic Society, Pantomime Group and Spectnmi. These groups undertake productions and events as described above. ACHIEVEMENTS AND PERFORMANCE Charitable aetivities Wellington Arts Association was able to perfonn a number of theatrica] productions during the year and the perforrnances held were: April 2024 - Murdered to Death - wrc May 2024 - Made in Dagenham - Operntic Society July 2024 - The Greatest Showcase - Genesis November 2024 - Wow that's what we call the big hits - Operatic Society November 2024 - Songs for MonÉca- Operatic Society Decen]ber 2024 - Tinsel & Tales - Genesis January 2025 - Jack & the Beanstalk- Pantomime Further improvements have been made to the The Arts Centre building in order that it can be mole fully utilised in the future. FINANCIAL REVIEW Reserves policy All income is used to maximise the ability of the TTht to fulfil its charitable objertives and to relain sufficient reserves for anticipated future requirements. Each Constituent group within the charity maintains and controls a separate bank account to ensure the continuation of its activities. There are no ftmds in defjcit. The company achieved a surplus of £2,987 (2024- there was a surplus of £5,015). Productions and events produced a sS surplus of £14,699 (2024 - there was a gross surplus of £10,593). Capital expenditure of £589 was incurred (2024 - capital expenditure of £3,743 was in¢utred). Bank balances have increased by £7,469 (2024 - there was an increase of £1.075). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing dUmen¢ a deed of tnisL and constitutes a limited company, limited by guarant¢¢, as defined by the Compani¢s Act 2006. Recruitment and appointment of new trustees New trustees are appointed by members at the aDnual general meeting. PLoe I
Wellin on Somerset & District Arts Association ort of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 4950364 (England and Wales) Registered Charity number 1106158 Registered offIce The Arts Centre Eight Acre Lane Wellington Sornerset TA218PS Trustees S Spalding Director & Vice-chairnia M J Redstone Director, Secretary & Treasurer M R Rose Director & President (resigned 1.9.25) Miss C A Knighton Director & Chairnw) G Cross Director & President Independent Examiner Mrs S J Fullstone A Plus Accountancy & Business Solutions Limited The Mount 21 H3gh Street Wellington Somerset TA218QT Approved by order of the board of trustees on 23 December 2025 and signed on its bebalf by: M J Redstone - Trustee Page 2
Inde endent Examiner's Re ort to the Trustee5 of Wellin ton Somerset & District Arts Association Independent examiner's report to the trustees of Wellington (Somerset) & District Arts Association ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Respon5ibilitie5 and basis of report As the charity's tSteeS of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th¢ Companies Act 2006 ('the 2006 ACV). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Aot and are eligible for independent examination, I report in respect of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 (Yhe 2011 ACV). In carrying out my examination I have followed the Directions given by the Charity Commission under StiOn 145(5) (b) of the 201 l Act. Independent examiner's ststement I have completed my examination. I wnfirn) that no matters have come to my attention in connection with the exan]ination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 ACL. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a ttue and fair view which is not a matter considered as part of an independent examination" or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by Charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no otheT matters in CODnection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrs S J Fullstone A Plus Accountancy & Business Solutions Limited The Mount 21 High Street Wellington Somerset TA218QT Date: ........ Page 3
Wellin ton Somerset & District Arts Association Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total fimds Unrestricted fimds Restricted fund Notes INCOME AND ENDOWMEiYfs FROM Donations and legacies io io 205 Other trading activities Investtnent income 66,228 400 66,228 400 57,169 352 Total 66,638 66,638 57,726 EXPEIYDITURE ON Other 63,651 63,651 52,711 NET INCOME 2,987 2,987 5,015 RECONCILIATION OF FUNDS Totsl funds brougbt fonyard 274.971 274.971 269,956 TOTAL FUNDS CARRIED FORWARD 277.958 277,958 274,971 The notes forni part of these funcial statements Page 4
Wellin Somerset & District Arts Association Balance Sheet 31 March 2025 31.3.25 Total fimds 31.3.24 Total fillids Unrestricted fun(b Restricted fund Notes FIXED ASSETS Tangible assets Investments 170,948 170,948 loo 174,056 loo 171,048 171,048 174,156 CURRENf ASSETS Debtors Cash at bank 7207 106,620 7,207 106,620 7,137 99,150 113.827 113,827 106.287 CREDITORS Amounts falling due within one year io (6,917) {6,917) (5,472) NET CURRENT ASSETS 106,910 106,910 100,815 TOTAL ASSETS LESS CURRENr LIABILITIES 277.958 277,958 274,971 NET ASSETS 277,958 277,958 274,971 FUNDS Unrestricted funds 277,958 274,971 TOTAL FUiYDS 277,958 274,971 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtsin an audit of its fmancial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sertions 386 and 387 of the Companies Act 2006 and preparing financial statements which give a trne and fair view of the state of affairs of the charitable cornpany a5 at the end of each financial year and of its sury)lus or deficit for each fmancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes fonn part of these fllwicial statements Page 5 continued...
Wellin Somerset & District Arts Association Balanee Sheet - continued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to Charitable cornpanies subject to the small Gompanies regime. The financial statements were approved by the Board of T[SteeS and authorised for issue on 23 December 2025 and were signed on its behalf by". M J Redstone - Trustee The notes forn] part of these fllw]cial statements Page 6
Wellin ton Somerset & District Arts Association Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The fmancial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Pra¢tice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard appIicable in the UK and Republic of treland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each &sset over its estimated useful life. Fixtures & equipment 15 % on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund aecounting Unrestricted fimds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes Hrythin the objccts of the charyty. Restrictions arise when specified by the donor or when fun(Ls are raised for particular restricted purposes. Further explanation of the nature and pUoSe of each fimd is included in the notes to the fanCIal statements. OTHER TRADING ACTIvrrIES 31.3.25 31.3.24 Productions & events Rents & car parking Membership Other 49,709 12,207 3,118 1,194 44,039 9,275 2,068 1,787 66228 57,169 YVESTMENT INCOME 31.3.25 31.3.24 Bank & building society 400 352 Page 7 continued...
Wellin Somerset & District Arts Association Notes to the Financial Statements - continued for the Year Ended 31 March 2025 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after chargin(credItIng). 31.3.25 31.3,24 Depreciation - 0ed &ssets 3,697 4,246 TRUSTEES, REMUNERATION AND BENEFrrs There were no tntees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nds Restricted fund Totsl nds llYCOME AND ENDOWMENfs FROM Donations and legacies 205 205 Other trading adivities Inve5knent income 57.169 352 57,169 352 Total 57,726 57,726 EXPENDITURE ON 52,711 52,711 NET JJYCOME 5.015 5,015 RECONCILIATION OF FUNDS Total funds brought forward 269,956 269,956 TOTAL FUNDS CARRIED FORWARD 274,971 274,971 Page 8 continued...
Wellin Somerset & District Arts Assoeiation Notes to the Financial Statements - continued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Freehold property Fixtures & equipment Totsls COST At l April 2024 Additions 150,000 82,276 589 232,276 589 At 31 March 2025 150,000 82.865 232,865 DEPRECIATION At l April 2024 Charge for year 58,220 3,697 58,220 3,697 At 31 March 2025 61,917 61,917 NET BOOK VALUE At 31 March 2025 150,000 20,948 170,948 At 31 March 2024 150,000 24,056 174,056 FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At l April 2024 and 31 March 2025 loo NET BOOK VALUE At 31 March 2025 loo At 31 March 2024 loo There were no investment assets outside the UK. The investment represents 4 ordinary shares of £25 each in the Wellington (Somerset) Theatre Trust Company Lin]ited. These were transfeLTed to the Wellington (Somerset) & District Arts Association ("New Charity") on 25th September 2006 from the tntreS of the Wellington (Somerset) & District Arts Association ("Old Charity"). This was as a result of the change in the charity from one constituted as trustees incorporated as a body ("Old Charity") to one limited by guarantee ("New Charity) &s described in the tystee5 reporL Page 9 continued...
Wellin on Somerset & District Arts Association Notes to the Financial Statements - continued for tbe Year Ended 31 March 2025 DEBTORS.. AMOUNTS FALLING DUE WITHtN ONE YEAR 31.3.25 31.3.24 Trade debtors 7,207 7,137 io. CREDITORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 31.3.25 31.3.24 Trade creditors Acrnied expenses (i) 5,473 6,917 6,917 5,472 ii. MOVEMENT IN FUIYDS Net movement in fidS At 31.3.25 At 1.424 Unrestrieted funds General 274.971 2,987 277,958 TOTAL FUNDS 274,971 2,987 277,958 Net movement in ftmds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Genernl 66,638 (63,651) 2,987 TOTAL FUNDS 66.638 (63,651) 2,987 Comparatives for movement ID funds Net movement in fimds At 31.3.24 At 1.4.23 Unrestricted funds General 269.956 5,015 274,971 TOTAL FUNDS 269,956 5,015 274,971 Page 10 continued...
Wellin Somerset & District Arts Assoeiatioll Notes to the Finaneial Statements - continued for the Year Ended 31 March 2025 ii. MOVEMENT IN FUNDS - eoDtinued Comparative net movement in fiJnd4 iDclud¢d in the above are as follows: Incoming Resources expended Movement in funds Unrestricted funds General 57,726 (52,711) 5,015 TOTAL FUNDS 57,726 (52,711) 5,015 A current year 12 months and prior year 12 months combined position is as follows." Net movement in funds At 31.3.25 At 1.423 Unrestricted funds General 269,956 8,002 277,958 TOTAL FUNDS 269.956 8,002 277,958 A current year 12 months and prior year 12 months ¢ombined net movement in funds, included in the above are follows: incoming resources Resources expended Movement in funds Unrestrieted funds General 124,364 (116,362) 8,002 TOTAL FUNDS 124,364 (116,362) 8,002 Balance 01104124 Movement in Transfers between funds Balance 31103125 Unrestricted summa General General Revaluation of freehold propety 47680 138461 -1826 45854 138461 Desi Civic Players GenesRS OperatRC Society Pantomime Group Spectrum Wellington Theatre Trust 2677 7376 23349 44753 2050 8626 631 -2233 -1931 8356 3307 5143 21418 53109 2041 8626 274972 2987 277959 Pagell continued...
Wellin Somerset & District Arts Association Notes to the Financial Statements - continued for the Year Ended 31 Mar¢h 2025 12. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page 12
Wellin ton Somerset & District Arts Association Detailed Statement of Financial Activities ror the Year Ended 31 Mareh 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations io 205 Otber trading activities Productions & events Rents & car parking Membership Other 49,709 12,207 3,118 1.194 44,039 9,275 2,068 1,787 66,228 57,169 Investment ineome Bank & building society 400 352 Total incoming resources 66,638 57,726 EXPENDITURE Other Productions & events Donations 35,010 2,463 33,446 2,318 37,473 35,764 Support costs Management Rates & water Insurance Light & heat Telephone Repairs & waste Cleaning Fees to independent examiner Licences & sundry Fixtures & equipment 852 5,483 5,863 974 1,884 1.905 1,430 4,090 3,697 1,072 6,085 (4,349) 814 2,738 2,100 1,416 2,826 4,245 26,178 16,947 Total resources expended 63,651 52,711 Net ineome 2,987 5,015 This page does not forni part of the statlrtory financial statements Page 13