Clwrity Regtsiraiion No. 1107812
lion No. 52TJ571
BUDLEIGH MUSIC FESTIVAL
ANNUAL REPORT AND FINANCIAL SfA1EME￿S
FOR THE YEAR ENDED 31. AUGUST 2•25

BUDLEIGH MUSIC FESTIVAL
Charitable Incotp)rated Organisation
LEGAL AND ADMThisfRATIVE INFORMATION
Thistees
Mrs CaiheTine Turner known as Ms Kate SomeTby
Dr M Collie
Dr M Eva￿5
MrJAI
Registered office
5 West Terrace
Budleigh Salienon
EX9 6LU
Charity number
1107812
Company number
5277571
Independent Examiner
Mrj D Bick. FCA
Bick Accouniants Ltd
18a Litileham Road
Exmouth
EX82

Indtpendent Examiner's Rryort to the af
I rep)rt to the trustees on my of the acc(xuts of the Btsdieigh Music Festival ('d
Chariry.) for the year ended 31 Augu￿ 2025 which are se( page5 7 to 12
requireJneT]ts of the Chariues Acr 2011 ('the Aa.).
I re￿rt in respect of my examin*ion of the Clwiry's actlwts Ca￿led under seaion 145 of the
2011 Aa and In ¢￿Ing ¢xl my exami￿¢1￿ I have followed all the appI￿able Direction5 given by
thè Charlty CoJnm&ssioD secdon 145(SMb) of the ACL
I have complered nly ejtanlnatlon. I c(mfirni no have come w my atteniion i
l. accoundng ffCOTds were not keFrt in w ofthe ChaTity as Tewind by seaion 1>) ofthe
2. the accounts do noi accord wlth ￿o￿tr, or
. 3. the accounts do cotnply wlth the applkable reqUiteM￿ tl* forni and
cortent of xcourns set (￿t in the charl￿ (Accounts and Re￿lls) Re8llIa￿L￿ 2(K18 (thEr
than any requbement that the ￿counts 8ive a 'm* and fair vlew which 15 a mat*r
COll51dered as part of an I￿￿Pe[M￿ examlnatlo
I have no concerns and have come auoss other manas In cOnne￿On wlth the examlnation to
which attention slmwld ￿ drawn in thi5 th lxder ￿ enaAe a w(pr UrMIer￿ of the
SI8Ded:
Name: James Blck FCA
Addres&"18a Littleham Rlwd
Exmim
EX8 2QG

BUDLEIGH MUSIC FESTIVAL
TRusfEES REPORT FOR THE YEAR ENDED 31" AUGusf 2025
The TnJsM p￿[ their rep)rt and fitwncial StslemL￿ts for the year e￿Ied 31" August 20Z5.
The linancial s￿leMents have i￿1 pretwal &cordall￿ with the acc¥Juniing polioes sel out note I to the
aCCOiUlE5 and comply whth the charity governing d(U[De￿ and the requirements of the ChaTiues SORP
(FRS102).
The charliy is consuiuied as a Charithle IncorwK3MI (h83D1Wl(￿ wlth an associaiion governing d(K￿Me￿L
The trustees WIKJ seryed dwin8 the year were..
Catherine Turner, kNJwn as M5 Kate Somttty
DT M Lollie
Dr J Keliher - dete￿ January 2026
Dr M Evans
MrJAIp
New trystees art by an exisiing nwmber ID ￿Cordan￿ with the Consiiwiion and are elected at a
subsequenL tneeiin%. New IFUStees are given a written 1ry1￿110n and advis￿ io coD5uli the Charfiy
Commission website lor funkn infonnation.
Norke of the irwees ho any i￿rIQaI inwem in the dwrfty.
Injstees ate SUp￿rted by a numbtr of actlve OF*raioDal trarns. The Th￿ee$ aThJ Heads of Depanmeni
M£￿ regularly io review ongoin8 0￿rationS aTMI plans aTrJ ￿ considu rrw projeLts. All major sira(eiic
decision5 regarding the chariiy are m&le ai these meaings.
UThler ihe Consilrniion the djariiy has the p)wer ￿ rnake investmeni li sees fiL
Objects and aaivldes
The chariiy's objerL4 and Its principal acuvilies continue 10 be 10 advantr the educailon of ihe public In the arts
including music, an and drama. by holdin8 a fe￿Ival Én Budloi8h Saltenon aThl such ￿her events as the irusiees
shall from time io time deterniine.
The auiviiies undertaken in further￿ of the charily's (&jective5 are io:
orgatLi5e ojliutsl evenis and, in panicular. a feAival of evening and lunthtlrne concens featurin8
nailonal a￿1 iniernaiional artists as well as Iwal and uwJmin8 perfonnff5;
work wilh local sclKM)Is a[￿ young tryle io fosw musi(71 appEdation and enC￿Urage partlclpation In
culiural events.,
liaise with l(Kal or8anisaiions and eS￿bE151￿￿ertts to a$s￿l￿e ￿lIvIlle5 with the feAival.
Pubiit BEnrfit and Communlty V•lyn¢eern
The have corsidered the Charity Cornmission's guidance on public benefit relaiirtg io Its actlvliies. The
charity is very involved in the communtiy and is de￿￿1 oft unpaid vOlun￿ry help in all atta4 including
concert ￿anageMent. markeiing. publicity, si£wardin8 events aThl liaising with lestival Friends. Wiihout Such
assisthnce the charlty would not be able w mea its thlectlves.
The chartty relle5 on grants and FrivKls ¢k)nations as well a5 tickd sales. to cover opernun8 Costs, and has an
established list of Friends ol the Fe￿iVal wkne thtrnaiions t￿0VIde a vital soll￿e of income. The tn]stees glve
careful consi(knation to accessibiliry 10 events for those wih disabiliiyes and on low incomes.
Chair's Ye￿rt. achi¢Ye￿lllts and t￿O￿anCe
This w&% the 20th year of the Budleigh Music Festival andThLqee5 were keen ￿ see it as a celebration of what
we have athievLYt so far as well as a launch￿1 lor the fu1u￿. Following a strategy meaing in Spring 2024
where we sei wgets for the next 5 Yea￿ il was pleasing io see in a mid-ienn rtview ol progltss in Augusi 2025
that many ol our ains a￿ already embedded in the rnallagerne￿ pmgramming Budleigh Music Fe5tsval.

With a programme of 20 events to celelThe our 20 year5 and a foLW on fillding Dew audleft￿ we appointed
our first ever Festival Manaw tsn a I￿rt.1]me tertD c(xKrdCt This role suwxjrts the kniAiC DitEaor and is
>nsible for Concen manage￿￿￿4 Anig Liaison. programmes and I￿￿ure. en5Uting thai we can offer
anists anil audience5 a complaely prof￿)0￿￿1 experien￿ despi￿ most role5 within the or8anisauon bein8
coveMi by a tram of volun*th5.
Programming was varied alxl diverse. with perfonnances by HM Band of the Royal Marine5 Plymouth. Èhe
London Africatt GOS￿￿] c1￿1r. Sir &ephen Hough, Sir Mich￿1 MorEMugo and Jess Gillarn ￿ name bui a few.
We held our fiN ever Families Day with a series of music worksl¥)ps held a(TOSS the iowD, mounied a Relax￿1
Concert which was well anendLid by local S[￿la1 ￿(M)L$ and communiiy groups, had a ￿h0O15 only concen,
held a partnetship event with B￿lle1&h Saittyton Fesuval and On￿ again held a dk)rnl workshop for
local amaleur singer5 with partiapaion Irom 5 I￿al 5cIMx)1s. Educaiion WO￿ coniinues io I￿ aL the hean of ihe
Music Festival, wilh workshops held in sdwls, Dev¢)n Youth Wind (htheth ￿[OrmIng wilh HM Band of the
Royal Marines and Jess Gillarn. aThJ free tickets used by Sd￿1$ events.
Tlcket revenue rematned bwartt despite SO￿ minor red￿lI)n$ to sealing capacity in our main venue. We had
slrong audhence aiiendance aCT¢)S5 all even￿ wilh 3 sellwi 51M)ws and far more p￿)Ple &iending daytime
events. Our PR campaign saw a latBe increase in our social media reath and 96% of responders to our audience
SUTvey said ihai they would aiiend an eveni next year. Lkn a8ain Budlei8h Music Fe￿Ival was feawred in local
TV news as well &$ I(￿31. re8ional and national PIVJS.
Th￿tee5 had prepared themselves for a small lo￿ this year due 10 the ambiiious programme. agreetng 10 dlp lrtto
our reserves if necessary. However. financi& sutwrt from Fe￿1¥al Fri(Thb, a nurnber ol patrons and 8tani
giving chariiies (including our flrst ever Council awanl) meant thai ihis was unnecessary. It coniinues io be
a challen8in% financial lar￿Sta￿ lor live (L￿S1(al mLLSkC events. a con]binaLiOn ol carelul planThin8 and
lar8eied 8rant applicau0￿ have enabled us to conunue io mett our (twi￿ble aims.
Future plans 5tKlude the first pttfornurKe In FeAival 2026 of a Sy￿al commisslon by our pthn Bob Chilcoll
for youth cholr and latt irfo. We wlll be collatK)raiitt8 wlth Devon Music Educatlon Hub. providlng
perfomiance Op￿rtUni11e5 lor over 3￿ thildm across Ikvon. Tr Fe5uval will a]so include iwo special
rotnmetnoraiive and lundrdisinB even￿, (ollowin8 the of ol our key supponff5 - Janei Kelihcr, and
Matihew Upham. We will rep)n further on all these In nexi year s annual reporL
Financial review
The tnjstees re[￿￿ that thffe wa% an overall fRnandal surplus of £7.818 for the year t￿jed 31" A￿8￿1 2025.
Total revenue Irom ucket $￿e$ was some I 1% higl*r than 2024. This included one eveni thai was ￿st￿>￿ed
from ihe 2024 fesiival. The Feslival was again successlul in securin8 substhniiJ 8rants and sponsoE5hip from a
nutnber ol funding organisaiions aTKi individual 5rffjnsor& Financial support from Fesiival friends also remained
siron8. Total voluntary income w&% £8A175 c(Mnwed to £S2201 in 2024. Tothl eX[M￿lt￿￿ xyoss all festival
actlvitie5 rose by some 24%.
The s￿leMen[ of F5[w￿lai Aalvlttes shows a gmwth UOtes￿ fuThls of £8J31. Restiiaed funds have
decjpased by an overall amount of £SI3.
The Balance Shea 5h)ws lo￿1 awrent assets of £72.067 (2024 £63,338). Af￿ ￿lowIng for accnwls and
cr*liioTS of £14,(￿6, net curreni asse￿ atnount 10 £58.Tr)1 (2024 £50,183). There are no fixed assets.
The r￿ave$ of the charity imlude unrestrictrl of £51.f4Jl (2024 £43.270) of whÉch £I&IXO is desfft8naied
for youth and commkmity actlvltie
Reserns ￿lItY
The Th￿tee5 have recenily reviewfft ihe financial rt5erves wjlicy. B&sed on the inc￿ased level of ambition
and quality of the fesiival in receni years, ￿￿0$5 the arti￿]c pr¢)8fdmme a￿1 the education and outstach
offeting. the festival fmances are now more heavily de[￿de￿I on securing sub5taniial sums of 8Tants and
SPDnsotship. Whilst the fesiival has been successful io d￿e in ihis regard, the ￿ll￿ee5 are con5CiOU5 that this
Income stream is noL guaranteed and thai 5i8nificani re5erYe5 should ￿ mainlained io cover fluauaiions. The
uusiees are also conscious ol (he financial commiunents asxKia*d with f￿1val.5 retnullerated mles suth as
Ihe anisiic dirffior aTwJ festival rnanager.

Baged on these conskdet*iOLL% the injsiees have set aD In(re￿ tarytt for fmancial resave& The largei is
io mainthin totak reserves tyUivaie￿ to S￿6 of the anDuai costs of the lesttvaL averagLYI over thtee prior years.
This revised p)liLry was approved ai a Tn&ees Theetin8 in March 2026. Based on the new wlkcy and
expendiiu)E totals over the 3 years 10 31 Augusi 2025. the targd reswves level Th)w Aands ai circa 64K. The
aim is to build our Ipse￿e5 accordingly.
The In￿leeS have examined the major S￿￿e&l( business a￿1 0￿￿altOn31 risks whidt the thariry faLY5 aTMI
confim) thai sy￿emS aye in pl￿e to enable neces￿ io iy mid8aie tLsk% Idendfie
The truslees are resEx)Th%ible for txeTriring the Th&ees anual rep)rt and the fin￿la1 STatements In acrordance
with applicable law and the Charities SORP (FRS102).
The In￿lee$ are responsible for keeping pro￿ ￿coYnu￿8 record5 whith disclose wilh reasonable accur￿ the
rjnancial ry&sitÉon OE the (I￿ritY and enable ihem ￿ ascenain thai the fuwKial 5wernenL% comply with the
requirements.
The In￿eeS are respThible for safe8wdinB the a55ets of the d*riry •MI for tsklng Yeaqonable Mep5 for the
ptevenrion of fraud and other Inegularitl
The wusiees declare thai they have approved the
Siuned on I￿1[ ol ihe IM)anl 0fTh￿ee5
Full nam
catheri￿ T￿n￿r (aka Kale Somffby)
PosltSon
Chalr
Dale

BUDLEIGH MUSIC FEsrtVAL
STATEME1￿ OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR Ef4DED 31" AUGUST 2025
Total
Fund
Note
2025
2025
2025
2024
Incoming Resource5
Voluntary income
.￿)1
52274
86.175
52.201
Charithble aaiviue5
70.567
70.567
63.475
Other income
2,142
2,142
2.711
Toial income
106.610
52.274
158.884
118.387
Raising funds
4594
4.594
Charitable auivities
92.028
51787
14M.815
118.(KKJ
Governance costs
1,657
1.657
659
Ththl expendiuue
98.279
52,787
151.(
122,105
Net (Expendiiureytncome
8.331
-513
7.818
-3,718
Funds ai SeN 2024
43.270
6313
.183
53.901
Funds at 31st Augua 2025
S1.fA)i
s8.￿1
50.183

BUDLEIGH MUSIC FESTIVAL
BALANCE SHEET AS AT 31° AUGUST 2025
Fun(b
Fund5
Notes
2025
2025
2025
2024
Current assets
Cash at bank and in hand
46.289
7.425
53.714
57.898
Debtors
14.278
4,075
1&353
Tothl CY￿en¢ a55e
1.567
ii.yjo
72,067
63.338
Crediiors due within i)ne year
io
-5.1(K)
-14.066
-13,155
NLY current assets
51.601
S8,￿1
50.183
Ttxal assets less liabiliue5
SI.E￿I
58.(KJi
50.183
Fundg of the ch•rity
General reserves
3&(￿11
43.￿]
35,183
Desi8naied funds
15.(MYI
15,IKM)
Totsl charity funds
SI.￿1
s8.￿1
50,183
For the financial year ending 31 Augu￿ 2025 the charity was entl￿ed io exempiion from audit UT]der
section 477 of the Companies Act 2W6 re]aiing to small companies.
Dirertors responsibiliies:
ii) the members have not required the company to obtain an audit of its ￿CoUnts for the year in question
in accordance with seciion 476..
iii) the Trusiees acknowledge their responsibtliiy for complying with the requirements of the Companies
Act 2¢Y)6 with resFeCt to accounting records and the preparaiion ol accounts.
These financial statements have been PTepared in accordance with the provisions applicable to the
companies subject to the S￿all companies ￿lme and FRS 102 'The Financial Reporting Standard
Applicable in the UK and Republic of Ireland,.
e boatd of Thistee5 On.. .
si
on their behalf by
Jo
eTine Turner (aka Ms K ie Somerby).
tee
Mr J Alpe. Treasurer and TnLStee

BUDLEIGH MUSIC FEsfivAL
NOTES TO THE Accoupifs FOR THE YEAR ENDED 31" AUGUST 2025
l. Accollniing policies
al General intOrn￿(lon
The Chariry is a chariLible I￿Orporated organisauoo incowed in England and Wales.
The athlress of its regI￿red office
S We51 Terrace
Budleigh Salterton. EX9 6LU
b) Basls of accounting
These accounts have been prepated under the historical convenuon with items Tecognis(ql
at cost OT tran￿(lOn value, and in accordance with the 2019 Ststemeni of Recommended
Practice.. "AccouDling aThJ ReiM)rtin8 by Charities" applicable to charities preparing their
accounts in accordance with Financial ReF*)rtin8 SMndard 102 and the Chariues Act 2011.
The acLounts preseni a tEue and fair view. and there have been no dwges in acc(MJntin8 p)licy
since ihe previous reportin8 perio(L
There are no material uncertainties that cast significant doubt on the chariiy's abiliry to contlrtue
as a going concern.
The accounts are pre5enied in wund sierling (£} and io the nearest pound (£).
c) Income nco8nldon
Income 15 recognised In the Statemeni of FiTrancial Activitles (SOFA) when the chariiy becomes
entiiled to the resources it is more likely than not thai ihe Irusiees wlll receive the resources,
and the monewy value can be measured with sufficient reliabiliiy.
d) Grants recefvable
Grants are recognised when the chariry has an eniidement to the funds and any conditions
linked io the grants have Ixen meL Where perforniance corKtiuon5 are attached to the grani and
are yet io be mei, the income 15 recognised as a liabiliry included on ihe balance sheei as
deferred income io be released.
d) Expendlture rtcognitlon
All expenditure 15 Kcoiinted for on an accruals basis and has been classified under headings
that aggregate all costs related to the caiegory. EX￿ndItUre is recognised where ihere 15 a legal
or consrwctive obligauon io payments to thlrd partie5. li is probable thai the settlement
will be required, and the amount of the obligation can be rnea5ur￿ reliably.
e) Debton and credttory ￿￿e1¥able}PaYabIe within one year
Debtors alld crediiors with Th) SEaied Rnierell raie and receivable or payable within one year are
recorded at iransaction price. Any losses arising from impainneni are recognised in
expenditure.

D Golng concern
The financial stsiements have been prepared on a going concern basis as the tnstees ￿lIeVe
that no ￿aterIal uncertainties exisL The trus￿ have considered the level of funds held and the
expected level of income and expendilu￿ for 12 months from authorising these financial
statements. The budgeted income and eX￿nd1￿￿ is sufficient with the level of reserves for the
charity to be able to continue as a going concem.
2. Fund accounting
The Lknrestsicted funds held by the charity are funds which can be used in accordance with the
charitable objects at the discretion of the thistees. Within these funds. an amouni of £15(MJO
been deslgnated by the tn￿eeS for delivery of education and outreach projects.
Resiricted funds held by the charity are funds which have been gran￿d or donated for specified
purposes and may only be used accordingly. Typically. these ￿late to FesuvaE COr￿e[l5
and events or io wider prngramme5 such a5 educati(￿ and community outreach.
Restricted fund flows were as follow5 .
Balance ai
01109r24
Balance at
31108125
Festival &tivity
Income Ex￿ndItUTe
Evening concens
Dayrime concens
Special evcnt5 1 ducation & outreach
Fesiival Frie￿15 events
11.375
-11.375
12.261
27.438
1.2(K)
-12.261
-27.951
-1.2(M)
6.913
Toul restricted funds
6.913
52.274
-52.787
3. Voluntary Income
2025
2024
Donations- unrestriaed
8,667
22.649
7.855
8.018
Grants- restricted
Granis- unresuicwl
20.21KI
StMJnsor5hip- n%tricted
Sw)nsorship- iinrestricied
Gift aid tax Yecovered- reMriLThl
2&2
20,620
71X)
1.375
2,555
Gift aid tax recovered- unrestritted
1,691
562
Payment5 for Friends even
86.175
52.201
Gifi aid lax recovered associated with restricted grants and s[Kit￿[Ship is treated as restricted
fun(Ls these.accoun
The iotal of restrirted grants & sponsorship atKI a55(Kiated gift aid for 2025 was £52,274. These
funds were fully expended in the year. A small funher of £513 Telating to education &
outreach acttvity has been met from Kesetves.
io

4. Income from Charitable aLlivits
2015
2024
Ticket revenue from fellivai events
67,926
E￿,958
Progrdmme sales
Sales of refreshments
1.507
1.041
i.oio
70.567
&3.475
Ilcket revenue is rew)rted gross. befo￿ b)x office and other transaaion charge5.
Programme sales and sales refreshments were previously rewrted below under 'Other Income,.
Following review by the Thtstee5, these sales are now included atN)ve as they a￿ iniegral
the festival aaiviue&
Other Income
2025
2024
Advertising income
Bank interest
1.265
1.227
Other
97
494
2.142
2.711
Ralslng Funds
Funds were raised by holding events io which Friends were invited, including receptions in
November and in June. The cosi of these evens is recorded in this line of (he accounts.
together with related thinistration costs.
ExpondiknuE on d￿ri￿ble activldos
2025
2024
Direct costs of events
85.245
28,512
19,334
58.783
21,564
Indirea costs of events
Advertisin8. PR. website, and brochure cos
Other inditett costs
20.701
11.424
&592
Education and (￿￿tach programme
IndependenE examination
420
144,815
118.(MX)
The Educatitsn and Outreach progtamme is Th)w consideted by ihe Trnstee5 to be an integral
part of the Feaival. The ￿lated exp￿ilure faus across all the line5 aixwe and is no longer
reported separately.
li

Governance costs of £1,657 (2024- £659) inclllde insurance and other services.
9. Debtors
2025
2024
Gift aid tax receivable
4.240
1.2(KJ
Grants & s￿￿$4￿5h1p receivable
Other debtors and payments in advance
14.7(X)
213
18,353
10. Credltors due wlthin one year
2025
2024
Royalties (PRS fees)
Other crediiors
4,182
5.738
420
Accruals
Deferred itKome
3.597
14.066
13.155
Deferred revenue for 2024 related to sponsorship for a postwned event, which instead ran in
2025.
11. T￿￿tee$ tranwcdons
Duiing the year Ms Somerby. Dr Keliher, and Mr Alpe were reimbursed for various expenses
direc(ly incurred in the administration and delivery of the Fesuval. In iotsl the amounts were
£326 for Ms Somerby) £90 for Dr Keliher, and 1448 for Mr Al￿.
Ms SoMe￿y. in her professional capacity a5 freelance music and drama specialis¢ wa5 paid
£400 in October 2024 lor delivering workshops 10 Schools for the 2024 fO￿1Val, and £300 in
July 2025 for delivering workshops to schools for the 2025 festival. No other Trustees were
paid any remuneiaiion or benefits fro￿ employment direaly or through a related entity durin8
the year.
12. ReLiied parry transacti
The charity has nc* at any lime during ￿rI{￿ Iwd any transactio￿8 wlth trustees and
conneaed parties. other than as di￿105ed at￿e.
12