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← Frome Festival Limited

2024-10-31-accounts

COMPANY REGISTRATION NUMBER: 04413366 CHARITY REGISTRATION NUMBER: 1120329

Frome Festival Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 October 2024

Frome Festival Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2024

Page
Reference and administrative information 1
Trustees' annual report (incorporating the directors’ report) 2 – 6
Independent examiner's report to the trustees 7
Statement of financial activities (including income and expenditure account) 8
Balance sheet 9
Notes to the financial statements 10 – 18

Frome Festival Limited

Company Limited by Guarantee

Reference and administrative information

Year ended 31 October 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2024.

Reference and administrative details

Registered charity name Frome Festival Limited Charity registration number 1120329 Company registration number 04413366 Principal office and 5a The Bridge registered office Frome Somerset BA11 1AR The Trustees Mr G A Rea (Chair, retired 8[th] January 2024) Ms R Eliot (Chair from 8[th] January 2024) Mr H R Deed (Vice Chairman, retired 31[st] October 2023) Mr W Murdoch (Vice Chair from 13[th] November 2023 ) Ms E Capron Mr A Jones Dr R J G Rycroft (resigned 9[th] September 2024) Mr S J Norris Ms L J Hardstaff (Appointed 13[th] November 2023) Mrs R J Hiron-Grimes (Appointed 13[th] November 2024) Mrs G L S Norris (resigned 29[th] July 2024) Mrs D A O’Hare (resigned 1[st] January 2024) Dr A M Randall (resigned 1[st] March 2024) Mr J V Towler (Company Secretary) Mr R P Southard Ms H A Clough (resigned 30[th] June 2024) Ms Z Newing-Moore (appointed 13[th] November 2023)

Festival organisation Mr A C Laughton Director Ms S Swales Manager Ms C Lloyd Bookkeeper

Independent examiner Joshua Kingston BSc. ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

1

Frome Festival Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report)

Year ended 31 October 2024

Structure, governance and management

Frome Festival is a company limited by guarantee registered in 2001 and a charity registered in 2007. Its governing document, the Articles of Association, was revised by unanimous vote at the 2016 annual general meeting. All registered Friends of the Festival are the members of the charitable company.

The small central team of Festival employees comprises the Director, Manager, and Bookkeeper who work from a small office in the town centre. The office is also the hub for volunteers to coordinate the activities of the sponsorship team, and to administer the Friends of Frome Festival scheme.

The Festival is supported additionally by a large body of volunteers in areas such as stewarding, brochure distribution, and participating in the Hidden Gardens scheme.

Objectives and activities

The charitable company (company registered in 2001; charity registered in 2007) exists to promote and organise a festival for Frome and the surrounding area. In practice, this has meant concentration on a full programme early in July since 2001.

We have only had to cancel the festival once, and this was in 2020 because of the Covid-19 pandemic. In 2024 we staged our biggest programme to date with a diverse and eclectic festival of over 250 events across over 50 venues throughout the town.

Our aim remains the same: to provide a broad and artistically diverse Festival, with a wide interpretation of the arts, culture, history and environmental concerns, through a mixture of local, regional and national performers, promoters and exhibitors. There is a strong emphasis on community involvement.

Throughout we have, of course, had regard to the Charity Commission's guidance on public benefit.

Board Activities

The board formally met on five occasions during the year from November 2023 to October 2024. We have an active and engaging board of trustees who endeavour to offer the governance and leadership of running a small arts charity. The board strives to provide the framework within which the Festival operates, and aims, through its membership, to reflect the diverse community which it serves. It creates and monitors policies to ensure compliance with regulations, and to reflect the needs of the Festival.

2

Frome Festival Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report)

Year ended 31 October 2024

All our board members actively support the Festival outside the formal meeting structure in areas as diverse as fund-raising, sponsorship, the Friends scheme, and programme distribution. These activities, and others such as stewarding (Sara Morris) are supported in turn by an extensive network of volunteers, without whom the Festival simply would not exist. We remain extremely grateful to them.

We want to say a heartfelt thanks to Suzanne Cooke for her years of support as a volunteer and in the sponsorship team. Sadly, Suzanne passed away earlier this year and our deepest condolences go her to her family.

The year marked the retirement of just three trustees including the following long-term members: Gail Snook, Rick Rycroft and Mick Randall. Endless thanks to these hardworking supporters of the festival.

Financial review

As is the case with many arts organisations nationwide, we continued to see notable cuts in fundraised income throughout the year. Funding from both charitable trusts and foundations and public funders are reduced from previous years, and where funding has been secured it is mostly restricted grants that does not address the core funding shortfall within the project. As such, project funding applications have focussed on building capacity within the team to maximise other forms of income generation, including securing grant funding to support a freelance fundraising professional and a new friends scheme management software.

We were delighted to see an increase in income from other sources to help to fill this gap within this financial year. Event submission fees from independent event organisers raised thanks to excellent engagement from new organisations in Frome and a raise in fees to help fully support delivery costs. Sponsorship income increased in this period, thanks in part to a major piece of event sponsorship from Lilley’s Cider towards The Festival Food Feast, one of Frome Festival’s most visible and popular annual events. We hope to continue to maximise this kind of event sponsorship in future years.

We have a fund-raising and sponsorship team to look critically at all these areas to see where we can improve our processes and generate sufficient income to secure our future.

3

Frome Festival Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report)

Year ended 31 October 2024

Total funds held at the year-end were £16,585 (2023: £15,966), of which £13,104 relate to free reserves. The charity’s reserve policy is to hold free reserves of £30,000 to cover us for the 24 months if funding should be affected. It is intended to cover the time of maximum exposure for Frome Festival, which is normally around May/ June when there is considerable demand on funds to pay performers etc. At the time of the financial year end, our reserves will be at their lowest point. As we receive revenue from February onwards from grants, subscriptions, and sponsorship, we would expect that figure to reach our target by May.

Our stated policy is “To agree that taking due consideration of the time of year of maximum exposure to the company/ charity should it be forced to close, it would be appropriate to have a Policy which requires a Reserve of £30,000 until otherwise revised by the board. The most financially exposed time of the year being the months of May and June”.

Festival Office

The festival has had its offices in the Market Place for over 20 years courtesy of Eyetech Ltd. This has been a valuable and much appreciated asset, gifted to the festival from Eyetech.

Our Festival Director, Adam Laughton and his hard-working team delivered a superlative 2024 festival with over 250 events spread out over the ten days. Both Sarah Swales, Festival Manager, and Clare Lloyd, Bookkeeper, have taken on the challenge of supporting Adam and have proven to be extremely hard working and committed to making a success of the festival.

Our grateful thanks go to this much valued and exceptionally hard-working team whose ‘unpaid’ extra hours and unnerving calm in the chaos of the festival itself, are respected and praised by the board of trustees. We wish them all the greatest success with Frome Festival 2025!

Risk Review

The charity regularly considers the risks to which the charity is exposed at Trustees’ meetings. Our main risks are physical, the chance of a serious accident, and financial, possible insolvency.

We review our health & safety policy, and all other policies, annually and a trustee is the Board’s first contact on safety matters, and the venues for most events are public buildings duly licensed by the local authority.

In line with Charities Commission guidance a Reserves Policy was formalised by the Board in April 2020. Our insurance cover, negotiated annually, is arranged by a specialist broker, and a designated trustee deals with insurance matters subject to the Board’s approval. We carefully check the public-liability insurance of promoters and performers as appropriate. There have

4

Frome Festival Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report)

Year ended 31 October 2024

so far been no claims on our insurance and no serious incidents have been reported affecting public safety.

Our insurance of course covers the office, and we have certificated employer-liability cover. Our landlords, who practice as opticians on the ground floor of the premises, are alert to safety and insurance issues.

The Board receives regular reports from our bookkeeper and has appointed an experienced board member to provide advice and support on our financial situation. We receive no loans and own no real estate. We are mindful that our Articles of Association provide for action in insolvency; if the finances were to become perilous, we have the options: to take a fallow year; to present a smaller and thus probably more exclusive programme (which would be a retrograde step); or to cease operating and wind the company up. The trustees consider that the company is a going concern with no material uncertainties affecting it.

5

Frome Festival Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report)

Year ended 31 October 2024

Statement of trustees’ responsibilities

The trustees who are also directors of Frome Festival Limited for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company [and the group] and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

The trustees' annual report was approved on and signed on behalf of the 29 April 2025 board of trustees by:

Mr J V Towler (Company Secretary) Trustee

6

Frome Festival Limited

Company Limited by Guarantee

Independent Examiners' Report to the Trustees

Year ended 31 October 2024

Independent examiner’s report to the trustees of Frome Festival Limited (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31[st] October 2024.

Responsibilities and basis of report

As the charity’s trustees 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 the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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 ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. 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 other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston BSc. ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: ………………………………. 29 April 2025

7

FROME FESTIVAL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31 OCTOBER 2024

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
Total income
Expenditure on:
Charitable activities
5
Total expenditure
6
Total funds at start of year
13
Total funds at end of year
13
Net income/(expenditure) and
net movement in funds		 Unrestricted
Funds
£
20,118
48,575
2,361
202
71,256
72,632
72,632
(1,376)
15,966
14,590		 Restricted
Funds
£
1,995
-
-
-
1,995
-
-
1,995
-
1,995		 Total Funds
2024
£
22,113
48,575
2,361
202
73,251
72,632
72,632
619
15,966
16,585		 Total Funds
2023
£
27,440
71,095
2,175
184
100,894
105,276
105,276
(4,382)
20,348
15,966

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

All of the activities of the charity in the prior year are unrestricted.

The notes on pages 10 to 18 form part of these financial statements See note 9 for fund-accounting comparative figures

8

FROME FESTIVAL LIMITED

BALANCE SHEET

FROME FESTIVAL LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2024 Company number: 04413366
Note
Fixed assets
Tangible assets
10		 2024
£
1,486		 2023
£
495
Current assets
Debtors
11
Cash at bank and in hand		 1,486
953
16,970		 495
806
19,321
Liabilities
Creditors : amounts falling
due within one year
12		 17,923
(2,824)		 20,127
(4,656)
Net current assets 15,099 15,471
Total assets less current liabilities 16,585 15,966
Net assets 16,585 15,966
FUNDS
Unrestricted funds
14
General funds
Restricted funds
14		 14,590
1,995		 15,966
-
Total funds 16,585 15,966

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees responsibilities:

These accounts have been prepared in accordance with the provision applicable to companies subject to the small companies regime.

These financial statements were approved by the Trustees on ______ and are signed 29 April 2025 on their behalf by:

Ms R Eliot (Chair) Trustee

The notes on pages 10 to 18 form part of these financial statements

9

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

1 Accounting policies

Accounting convention

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with 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 Kingdom and Republic of Ireland (FRS 102), and the Companies Act 2006.

The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.

Income

Income from donations is included in income when these are receivable, except as follows:

I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;

II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Legacies are included on a receivable basis where charity is entitled to the income, it can be measured reliably and receipt is probable. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is not included in income but is treated as a contingent asset and disclosed if material.

Investment income is included on a receivable basis.

Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operational effectiveness.

Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Charitable Activities

Grants awarded are allocated to charitable activities.

Grants awarded are treated as expenditure and a liability in the accounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards, the funding for all years is immediately recognised unless there are conditions which need to be met by the recipient to enable the release of subsequent years’ funding.

10

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

1 Accounting policies (continued)

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.

Pension costs and other post-retirement benefits

The charity contributes to defined contribution pension schemes. Contributions payable to the charity's pension schemes are charged to the Statement of Financial Activities in the period to which they relate.

Tangible fixed assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated ultimate residual value, over the useful life of that asset as follows:

Equipment 33% straight line

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short term maturity of three months of less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.

Further explanation of the nature and purpose of each fund is included in note 13 of the financial statements.

11

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

2 Income from: Donations and legacies

Donations
Sponsorship
Friends subscriptions
Grants received
Grants received
Somerset Community Foundation
Frome Town Council
Prior year comparatives
Donations
Sponsorship
Friends subscriptions
Grants received
Grants received
Frome Town Council
Frome Town Council Community Trust
Mendip District Council
National Lottery		 Unrestricted
Funds
£
3,485
7,783
3,850
5,000
20,118
Unrestricted
Funds
£
2,500
2,500
5,000
Unrestricted
Funds
£
2,689
7,565
3,906
3,500
17,660
Unrestricted
Funds
£
2,000
500
1,000
-
3,500		 Restricted
Funds
£
-
-
-
1,995
1,995
Restricted
Funds
£
-
1,995
1,995
Restricted
Funds
£
-
-
-
9,780
9,780
Restricted
Funds
£
-
-
-
9,780
9,780		 Total Funds
2024
£
3,485
7,783
3,850
6,995
22,113
Total Funds
2024
£
2,500
4,495
6,995
Total Funds
2023
£
2,689
7,565
3,906
13,280
27,440
Total Funds
2023
£
2,000
500
1,000
9,780
13,280

12

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

3 Income from: Charitable activities

Ticket Sales
Event income		 Total Funds
2024
£
31,608
16,967
48,575		 Total Funds
2023
£
56,748
14,347
71,095

All income from charitable activities in the current and prior year was unrestricted.

4 Income from: Other trading activities

Brochure advertising Total Funds
2024
£
2,361
2,361		 Total Funds
2023
£
2,175
2,175

All income from trading activities in the current and prior year was unrestricted.

5 Expenditure on: Charitable activities

Direct Costs
Frome Festival Costs
Support Costs
Staff costs
Premises
General office
Insurance costs
Stationery and postage
Bank charges
Governance costs
Independent Examiner's fees
Other governance costs		 Total Funds
2024
£
41,118
23,215
31
4,173
1,633
87
412
1,800
163
72,632		 Total Funds
2023
£
80,308
16,545
33
4,655
1,560
173
309
1,680
13
105,276

13

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

6 Net income/(expenditure) for the year

==> picture [482 x 64] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |This is stated after charging:|2024|2023| |£|£| |Independent Examiners remuneration|- for examination services|1,200|1,120| |- accounts preparation|600|560|

----- End of picture text -----

No Trustees have been reimbursed for their out of pocket travel expenses (2023: £nil). No Trustee received any remuneration during the year.

7 Staff costs and numbers

==> picture [487 x 86] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |The aggregate payroll costs were:|£|£| |Wages & salaries|22,872|24,887| |Pension contributions|343|113| |23,215|25,000|

----- End of picture text -----

No employee received emoluments of more than £60,000.

The average weekly number of employees during the year was 3 (2023: 3), calculated on the basis of average headcount.

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £10,113 (2023: £10,113).

Aggregate donations from trustees, key management personnel and other related parties was £Nil (2023: £2,000).

8 Taxation

The charity is exempt from corporation tax on its charitable activities.

14

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

9 Statement of Financial Activities comparative figures

For the year ended 31 October 2023

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Total funds at start of year
Total funds at end of year
Net income/(expenditure) and
net movement in funds		 Unrestricted
Funds
£
17,660
71,095
2,175
184
91,114
95,496
95,496
(4,382)
20,348
15,966		 Restricted
Funds
£
9,780
-
-
-
9,780
9,780
9,780
-
-
-		 Total Funds
2023
£
27,440
71,095
2,175
184
100,894
105,276
105,276
(4,382)
20,348
15,966

15

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

==> picture [513 x 666] intentionally omitted <==

----- Start of picture text -----
10 Tangible fixed assets
Equipment Total
Cost £ £
At 1 November 2023 3,853 3,853
Additions 991 991
At 31 October 2024 4,844 4,844
Depreciation
At 1 November 2023 3,358 3,358
- -
Charge for the year
At 31 October 2024 3,358 3,358
Net book value
At 31 October 2024 1,486 1,486
At 31 October 2023 495 495
11 Debtors
2024 2023
Due in less than one year: £ £
Prepayments and accrued income 703 806
Other debtors 250 -
953 806
12 Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 2,087 4,467
Other creditors 242 -
Taxation and social security 495 189
2,824 4,656
----- End of picture text -----

16

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

13 Movement in funds

For the year ended 31 October 2024
Restricted funds
Town Council
Unrestricted funds
General funds
Total funds
For the year ended 31 October 2023
Restricted funds
National Lottery - Low Cost Events
Unrestricted funds
General funds
Total funds		 At 1 Nov
2023
£
-
15,966
15,966
At 1 Nov
2022
£
-
20,348
20,348		 Income
£
1,995
71,256
73,251
Income
£
9,780
91,114
100,894		 Expenditure
£
-
(72,632)
(72,632)
Expenditure
£
(9,780)
(95,496)
(105,276)		 At 31 Oct
2024
£
1,995
14,590
16,585
At 31 Oct
2023
£
-
15,966
15,966

Fund Descriptions

National Lottery Low Cost Events - A major award was received from the National Lottery, this was specifically earmarked to enable us to put on free and low cost events, and could not be used to assist with our general running costs.

Town Council - this relates to a restricted grant awarded towards the cost of a fundraiser.

17

FROME FESTIVAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2024

14 Analysis of net assets between funds

As at 31 October 2024
Unrestricted funds
Total funds
As at 31 October 2023
Unrestricted funds
Total funds		 Tangible
fixed assets
£
1,486
1,486
Tangible
fixed assets
£
495
495		 Net current
assets
£
13,104
13,104
Net current
assets
£
15,471
15,471		 Total
£
14,590
14,590
Total
£
15,966
15,966

15 Related party transactions

There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements.

18

Audit Trail

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Accounts for signature
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Frome Festival YE 24 Accounts.pdf
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