Charitable llleorporated Organisation
Charity Registration No. 1107812
Company Regystration No. 5277571
BUDLEIGH MUSIC FESTIVAL
(previously Budleigh Salterton Festival Trust)
ANNUAL REPORT AJYD FINANCIAL STATEMENTS
FOR THE YEAR EIWED 31" AUGUST 2024

BUDLEIGH ￿￿UsIc FESTIVAL
Charitable Incorporated Organisation
LEGAL AND ADMINISTRATtVE INFORMATION
Trustees
Mrs Catherine Turner known as Ms Kate Somerby
Dr M Collie
Dr J Keliher
Dr M Evans
Mr J Alp¢
Secretary
Dr J Keliher
Registered offIce
Homestone House
Otterton
Devon
EX9 7HB
Charity number
1107812
Company number
5277571
Independent Examiner
Mrj D BICL FCA
Bick Accountsnts Ltd
18a Littlcham Road
Exmouth
EX8 2QG

Independent Examiner's Report to the Trustees of the Budleigh Music Festival
I report to the charitytrustees on my examination of the accounts of the Budleigh Music Festival for the
yearended 31 August 2024 which are set out on page 7 to 12.
Responsibilities and basis of report
As the chariws trustees you are responsible forthe preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the ACV).
I report in respect of my examination of the charivs accounts carried out under section 145 of the Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission undersection 14515)Ib} of the Art.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respett..
accounting records were not kept in respect of the charity as required by sertion 130 of the Act; or
2. the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any
requirementthat the accounts give a 'true and fairvieW which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in orderto enable a proper understanding of the accounts to be
reache
Jam
Bick FCA
Chartered Accountant
18A Littleham Road
Exmouth
EX8 2QG
27 March 2025

BUDLEIGH MUSIC FESTIVAL
TRUSTEES REPORT FOR THE YEAR ENDED 31" AUGUST 2024
The TTh￿teeS present their report and finaDcial statements for the year ended 31° August 2024.
The fiDanciaE statements have been prepared in accordance with the accounting policies set out in note I to the
accounts and comply with the chartty governing document and the requirements of the Charities SORP
(FRS102).
Structurej governance and management
The charKty is constituted as a Charitable Incorporated Orgallisation with an association governing document.
The trustees who served during the year were:
Mrs Cathertne Turner, known as Ms Kate Somerby
Dr M Collie
Dr J Keliber
Mr J N B Kellagher- resigned 15 December 2023
Dr M Evans- appointed 19 February 2024
Mr J Alpe- appointed 8 April 2024
New trustees are proposed by an existing mernber in accordance with the Constitution and are elected at a
subsequent meeting. New ttwstees are given a written induction pack and advised to consult the Charity
Commission website for further infonnation.
None of the trustees bas any beneficial interest in the charity.
The trustees are supported by a number of active operational teams. The Trustees and Heads of Department
meet regularly to review onooing operations and plans and to consider new projects. All major strategic
decisions regardiDg the chartty are made at these meetings.
Under the Constitution the charity has the power to make any investment that it sees fit.
Objects gnd aetivitio
The charity's objects and its principal activities continue to be to advance the education of the public in the arts
illcludino music. art and dram4 by holding a festival in Budleigh Salterton and such other events as the trustees
shall from time to time detennine.
The activtties undertaken in furtherance of the charity's objectives are to:
oiganise cultural events and in particular, a festival of evening and lunchtime concerts featuring
national and international artists as well as local and upcoming perfornietS-
work with local schools and youT]g people to foster tnusical appreciation and encourdge participation in
cultural events"
liaise with local organisattons and establishlllents to associate their activities with the festival.
Conversion of Company to a CharitsbIe Incorporated Organisatio
After two previous unsuccessfiil attempts, the Tn￿teeS resolved OD 19th September 2023 to convert the Company
from a Company Limited by Guarantee to a Charitsble Incotpordted O￿anISatiOn, in accordance with section
228 Charities Act 20 E I.
Online application was made the following day to the Charity Cotnmission, aud following some requested
amendments a revised application was submitted in Dccember 2023. The conversion of the charity was then
confirnied on 26° January 2024.
Public Benefit and Community Volunteers
The trustees have consid¢r¢d thc Charity Commission's guidance on public benefit relating to its activities. The
charity is very involved in the community and is dependent on unpaid voluntary help in all areas including

concert management, marketing, publicity, stewarding events and liaising with festival Friends. Without such
assistance the charity would not be able to meet its objectives.
The charity relies on ￿alltS and Friends donations, as well as ticket sales, to cover operating costs, and has an
established list of Friends of tbe Festival whose donations provide a vital source of income. The tr￿SteeS give
areful considerdtion to accessibility to events for those with disabilities and on low incomes.
Chair's report- achievements 2nd performance
The year has been a busy one for Trustees and volunteers, and a seminal one in tenns of the execution and
realisation of our vision and mission. We reached young and old and showcased the brightest and best in
lassical music, thanks to the inspired programming of Artistic Director Jason Thornton. This year we also
appointed our first ever Patron- Bob Chilcott- who will work with us to involve more young people An our
singing projects over the next few years.
Bolstered by the grant from the People's Postcode Lottery ID 2023, we were able to address sorne of the
necessary renewal of equipment (banners, music stands etc), hire a better piano and increase both the artistic and
marketino spend. Reviewing audience surveys, box oifice allalysis, and financial outcomes it is evident that
these measures helped rdise our ticket sales, and our prOr￿e in the I￿al community and amongst music
professionals.
With a I l /0 Uptick in tick¢t sales from 2023, Festival 2024 was a rewarding week of hugely varied ev¢nts. With
a very high % of audience surveys giving us a five-stsr review for the overall programme and organisation,
Tn]stees were pleased with the forward trajectory. though mindful of Continuing fmancial pressures within the
Arts world. With over 600 young people either attending or participating in the Festival this year, the stand-out
frature was tbe increased number of loca] schools wbo attended concerts. For the first time in the Festival's
history we were able to mount a schools-only concert, introducing local children to the delights of virtlloso
Senatrelese kora playing and young players from music charity Future Talent. Bringing the two area5 of
lunchtime concerts and ¢ducation workshops under the same leadership has been beneficial for the Festival. We
also undertook a shared promotion with Budleigh Salterton Literdry Festival, though sadly it bad to be cancelled
at tbe last minute due to ill-health. fortunately it has been reprogrammed for Festival 2025. Buildin(r on the
success of 2023 we also hosted an afternoon event for the elderly and care home residents, working once again
with local charity Launchpad to Provide refreshments.
Trustees are mind￿1 of our outgoings. which have contributed to an increase in sales. and we are awar¢ that we
will need to set aside some of our reserves for updafrs to the website whicb requires some moderni5ation.
However. we are fortunate to be supported by many hours of expertise given for free by volunteers, and the
Festival would not be able to fLm¢tion without this level of unpaid supporL
Plans are already well widerway for Festival 2025 whi¢h will be the Festival's 20th anniversary.
Financial review
The trustees report that there was an overall fmancial deficit of £3,718 for the year ended 31. August 2024.
Total receipts from ticket sales were some I 10/0 higher than 2023, despite the cancellation of one scheduled
event. Overdll costs rose by some 130/0. Financial support from Festival friends remained stron(F
and the
Festival was again successful in secu¥ing substantial grdnts and sponsorship from a nutnber of funding
orgaT1É5ations and individual sponsors. Total voluntary income was £52.201. cornpared to £69,872 in 2023
which included a one-off award of £15,000 from the Postcode Lottery TrusL
The Ststement of Financial Activitie5 shows an increase in Restricted fimds of £578. This arises from a small
surplus of overall fimding for the education and outreach programme, for which tbe funiLs are Ca￿led forward to
2025. Unrestricted funds have decre&sed by an overall total of £4296.
The BaIance Sheet shows total current assets of £63.338. Aft¢r allowing for creditors of £13,155. net cutrent
assets amount to £50,183 (2023 £53901). There are no f￿ed assets.
The reserves of the charity include unrestricted fiwds of £43,270 (2023 £47.566) of which £15,000 is designated
for youth and community activities.

Reserves poliey
The charity's policy is to retsin reserves to cover overhezd5 and the initial costs of each Annual festival. Trustees
may also designate ￿ServeS to be held for specific purposc5.
Risk management
The trustees have exaTnined the major strategic business and opeiational risks which the charity faces and
confirni that systems are in place to enable necessary steps to be tsken to mitigate risks identified.
Plans for the future
Plans are now well underway for the 2025 Festival and will include a diverse musical programm¢, involving
international artists, riSiDg stars, young people and local schools. The (wo major areas of activity are concerts
and stage perforniances and educational progrdnunes. A project is also in planning to ¢xpw]d this work in 2026.
The trustees are actively looking to expand their audience bas¢ amongst the local community and younger
people.
HistoricalIy the charity has relied largely on Friends donations and ticket income and some Enajor specific
donations. Over the last two years the t￿￿teeS have been successful in obtaining a higher level of sponsorship
and grants from a variety of national and local sources and they Colltinue to seek to expand the range of fundtng
options fillther to build support for the Festtval in 2025.
DirectorslTrustees (the "trustees") responsibilities
The tn]stees are responsible for prepaTing the Trustees annual report and the financial statements in accordance
with applicable law and the Charities SORP (FRS102).
The trustees are responsible for keeping proper accounting records whicb disclose with reasonable accuracy the
financial posÈtion of the charity and enable them to aSCe￿In that the financial statements comply with the
requiretnents.
The trL￿teeS are responsible for safeguarding the assets of the charity and for taking reasonable steps for the
prevention of fraud and other i￿egularitieS.
The trustees declare tbat they have approved the trustees report.
Signed on behalf of the board of Trustees
(&(
Full n
Catherine Tumer (aka Kate Somerby)
Position
Chair
Date
(Lb Sl

BUDLEIGH MUSIC FESTIVAL
STATEMEIYT OF FINANCL4L ACTIVITIES
INCLUDING INCOME AND EXPENDITURE Accou￿[
FOR THE YEAR ENDED 31" AUGUST 2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Fullds
2024
Total
Funds
2023
Note
Incoming Resources
Voluntary income
21,008
31.193
52,201
69,872
Charitable activities
60,958
60,958
54.822
Other income
5228
5.228
3,247
Total income
118387
127 941
Resources Expended
Raising funds
3,446
3,446
4,888
Charitable activities
87,385
30.615
118,000
102,307
Governance costs
659
659
669
Total expenditure
91,490
30,615
J22,105
107,864
Net
(Expenditure)IIncome
(4,296)
578
(3,718)
20,077
Funds at I st September 2023
47,566
6,335
53,901
Funds at 31st August
2024
43270
6.913
50,183
53,901

BUDLEIGH IkWSIC FESTtVAL
BALANCE SHEET
AS AT 31" AUGUST 2024
UnrestrACted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Current assets
Cash at bank and in hand
51.143
6,755
57,898
57,985
Debtors
1,685
3,755
5.440
4,490
Total current assets
10.510
Creditors due within one
year
10
(9,558)
(3.597)
(13,155)
(8,574)
Net current assets
43.270
6.913
50,183
53.901
Total assets less liabilities
43.270
6,913
50,183
53,901
Funds of the charity
General reserves
28.270
6,913
35,183
38.901
Dcsignated funds
15.000
15,000
15,000
Total charity funds
6.913
50,183
53.901
These accounts have been prepared in accordance with relevant guidance including the Charities SORP
(FRS 102).
Ap
by the board of Trustees on..
and SAgned on their behalf by
Mrsc
erinc Turner (aka Ms Kate Somerby), Cha
Trustee
Mr J Alpe, Treasurer and Trustee
£C.f.Zs-

BUDLEIGH MUSIC FESTIVAL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" AUGUST 2024
l. Accounting policies
a) General inforniation
The Charity is a clwitsble incorporated Organisatio￿ incorporated in England and Wales.
The address of its registered office is:
Homestone House
Otterton
Devon
EX9 7HB
b) Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised
at cost or transaction value, and in accordance with the 2019 Statement of Recommended
Practice: "Accounting and Reporting by Charities" applicable to charities preparing their
accounts in accordance with Financial Reporting Standard 102 and the Charities Act 2011.
The accounts present a true and fair view, and there have been no changes in accounting policy
since the previous reporting period.
There are no material uncertainties that cast significant doubt on the charity's ability to continue
as a going concern.
The accounts are presented in pound sterling (£) and roundcd to the nearest pound (£).
c) Income recognitloll
Income is recognised in the Ststement of Financial Activities (SOFA) when the charity becomes
entitled to the resources. it is more likely than not that the trustees will receive the resources,
and the monetary value can be measured with sufficient reltability.
d) Grants receivable
Grants are recognised when the charity has an entitlement to the fullds and any conditions
linked to the grants have bc¢n met. Where perforniance conditions are attached to the grant and
are yet to be mel the income is recognised as a liability and included on the balance sheet as
deferred income to be released.
d) Expenditure recognition
All expendtture is accounted for on an accruals b&sis and has been classified under headings
that aggregate all costs related to the category. Expenditure is recognised where there is a legal
or constructive obligation to make payments to third parties, it is probable that the settlcment
will be required, and the amount of the obllgation can be measured reliably.
e) Debtors and creditors reeeivablelpayable within one year
Debtors and creditors with no ststed interest rate and receivable or payable ivithin one year are

D Going concern
The financial statements have been prepared on a going concern basis as the trustees believe
that no material uncertainties exist. The trustees have considered the level of ftinds held and the
expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is sufficient with the level of reserves for the
charity to be able to continue as a going concern.
2. Fund accounting
The unrestricted funds held by the charity are funds which can be used in accoTdance with the
charitable objects at the discretion of the trustees.
Restricted funds held by the charity are funds which have been granted or donated for specified
purposes and may only be used accordingly. Typically, these relate to specific Festival
concerts and events, and to programmes such as education and community outreach.
Balance at
01109/23
Balance at
31104124
Income Expenditure
Daytime concerts & events
Evening concerts
Education 8L Outreach
programme
Festival Friends events
Total restricted funds
3,475
18,000
(3,475)
(18,000)
6,335
8,518
1,200
31,193
(7,940)
1,200)
(30,615)
6,913
6,335
6,913
3. Voluntary income
2024
2023
Donations
unre5ti'icted
Grants resti'icied
Gran15 - unrestricted
Sponsotship - i'e5ticted
Sponsorship - unresticted
Gift aid tax I'ecoiiered - I'esiricted
Gift aid rax recoirered unrestricted
Payments for Friends events
7,855
8,018
4.900
20.620
6,000
2,555
1,691
562
52,201
6,885
7,868
21,713
23,210
4,776
865
1,428
3,127
69,872
Gift aid tax recovered associated with restricted grants and sponsorship is treated as restricted
funds in these accounts.
The total of restricted grants & sponsorship and associated gift aid for 2024 was £31,193. Of
this total, £30,615 was expended in the year. a small surplus of £578 relating to the Education
& Outreach programme is carried fonvard to 2025.
10

4. Income from Charitable activities
2024
2D23
Ticket revenue from festival e￿ents
60,958
54,822
Other Income
Other income consists of proceeds from the sale of programmes, advertising revenue, profit
from the sale of drinks during the Festival, and bank interest.
2024
2023
PrograTrinie sales
Adveriising income
Sale of drinks
Bank intei'est
Other
1.507
990
1,010
1,227
1.256
1,260
731
5,228
3.247
Raising Funds
Funds were raised by holding events to which Friends were invited, including receptions in
November and in June. The cost of these events is recorded in this line of the accounts,
together with related administration costs.
Expenditure on charitable activities
2024
2023
Direct costs of events
Indirect costs of events
Advertising. PR and brochure costs
Other indirect costs
Education and Outreach programme
Independent examination
58,783
21,564
20.701
8,592
7,940
420
118,000
54,901
17,094
18,418
8,229
3,665
102,307
There are no employees.
8. Governance costs
Governanc¢ costs of £659 (2023 - £669) include insurance and other services.

9. Debtors
2024
2023
Gift uiid ial i-ece3i.'able
Gi-anis &- 5ponsoi.511ip i'eceii,'able
Fi'iend5 donoliDns i-ece3i.'able
Pai'-TrTrents in adi,-ance
Oiliei- debioi's
2.290
1.200
80
10. Creditors due within one year
2024
2023
Royalties (PRS fees)
Donations received in advance
Other creditors
Accruals
Def¢￿ed revenue
3,400
1,028
140
7.406
5,738
420
3,597
Deferred revenue relates to sponsorship for a festival event which was unavoidably Cancelled in
2024. In agreement with the sponsor the funding amount has b¢cn carried forward to ii¢xt year,
and is treated as a restricted fund.
11. Trustees transactions
During the year Ms Somert)y, Dr Collie. and Mr Kellagh¢r were reimbursed for costs and
cxpcnscs incurred in connection with the organisation of the Festival. In total the amounts were
£738 for Ms Som¢rby. £218 for Dr Collie, and £157 for Mr Kellagher. The costs and expenses
related to a variety of items incurred in administering and organising the Festival.
Ms Somerby, in her professional capacity as freelance music and drama specialist, was also
owed £400 at the year end for delivering workshops to schools during the year. and reimbursed
£900 fees paid to her in 2023. No other Trustees were paid any retnuneration or benefits from
employment directly or through a related entity during the year.
12. Related party transactioDs
The charity has not at any time during the period had any transactions with trustees and
connected parties. other than as disclosed above.
12