## **COMPANY REGISTRATION NUMBER: 04413366**
# **CHARITY REGISTRATION NUMBER: 1120329**
## **Frome Festival Limited**
**Company Limited by Guarantee**
**Unaudited Financial Statements**
**31 October 2025**
**Frome Festival Limited**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 31 October 2025**
||**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 2025**
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 2025.
## **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**
Ms R Eliot Mr W Murdoch Ms E Capron Mr A Jones Mr S J Norris _(Resigned 1[st] September 2025)_ Ms L J Hardstaff Mrs R J Hiron-Grimes _(Appointed 11[th] November 2024)_ Mr J V Towler _(Company Secretary)_ Mr R P Southard Ms Z Newing-Moore _(Resigned 1[st] September 2025)_ Ms D A Denton _(Resigned 29[th] April 2025)_ Mr E Green _(Appointed 12[th] January 2026)_
**Festival organisation** Mr A C Laughton Ms S Swales Ms C Lloyd
_Director Manager Bookkeeper_
**Independent examiner**
Joshua Kingston BSc. FCA 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 2025**
## **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 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.
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 a regular cycle throughout the year.
The board actively engaged all trustees who endeavour to offer the governance and leadership required for the running of 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. The board recognises that it must strengthen itself and attract new members. The board has gone through the entire year without a Treasurer and relied upon our staff to keep us informed and up to date on financial matters.
**2**
**Frome Festival Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors’ Report)**
## **Year ended 31 October 2025**
The Board creates and monitors policies to ensure compliance with regulations, and to reflect the needs of the Festival. It is committed to a periodic review of Policies & Procedures to keep them up to date and in line with any new legislation.
Board members actively support the Festival outside the formal meeting structure in areas as diverse as fundraising, sponsorship, the Friends scheme, and programme distribution.
## **Financial review**
The board recognises that the organisation is in a precarious financial position. Since the losses incurred due to Covid, the organisation has not managed to rebuild its reserves to the £30,000 level policies require.
Since 2022, Frome Town Council and Somerset Council have not been able to offer core funding for charities including Frome Festival – whilst this support previously was a vital source of income, we have successfully bid for small community grants (up to £3,000) from the council to fund specific projects.
Frome Festival successfully secured funding from Frome Town Council through its small community grants pot to support a freelance fundraising professional. In September 2024, experienced arts professional Emma Morris began work in this role, raising over two and a half times what she cost. Frome Festival continues to explore opportunities to build capacity in the organisation.
Frome Festival also successfully secured funding from Frome Town Council through its small community grants pot to support a new friends scheme management software in December 2024, helping to raise membership income by 36% compared to the 23/24 FY. The Board seeks to further increase revenue via the Friend scheme in the coming year.
The Board through Director Adam Laughton, is committed to exploring funding from a variety of funders, including national funding bodies such as Arts Council England and National Lottery Community Fund.
Event submission fees from independent event organisers increased due to small rises in submission fee from the 2024 Festival – this did not notably impact interest from independent event organisers to be a part of Frome Festival 2025.
Sponsorship income is an invaluable source of funds and board members under Lisa Hewer’s leadership are committed to increasing sponsorship income through a number of initiatives. We are particularly grateful for Lilley’s Cider sponsorship of 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.
**3**
## **Frome Festival Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors’ Report)**
## **Year ended 31 October 2025**
Fundraising events run outside of the core Frome Festival programme, including a fundraising gig in November 2024 and monthly pub quizzes, contributed in excess of £2,600.
Board members provide support to the office team on fundraising and sponsorship to look at all these areas where we can improve our processes and generate further income.
Total funds held at the year-end were £17,436 (2024: £16,585), of which £13,020 (2024: £13,104) relate to free reserves. The charity’s reserve policy is to hold free reserves of £30,000 to cover us for 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 team delivered a memorable 2025 festival with over 270 events spread out over the ten days. Both Sarah Swales, Festival Manager, and Clare Lloyd, Bookkeeper, have supported Adam admirably and contributed hugely to the success of the 2025 festival.
Our grateful thanks go to this much valued and hard-working team. We recognise they frequently put in many more hours than our salaries provide for. The board aspires to increasing pay and conditions for staff whenever funds allow.
## **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.
**4**
## **Frome Festival Limited**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Directors’ Report)**
## **Year ended 31 October 2025**
In line with Charity 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 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 2025**
## **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 of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 Apr 10 2026 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 2025**
## **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 2025.
## **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. FCA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Apr 10 2026 Date: ……………………………….
**7**
## **FROME FESTIVAL LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31 OCTOBER 2025**
|**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**
**£**
23,679
49,267
1,951
177
75,074
75,654
75,654
(580)
14,590
14,010|**Restricted**
**Funds**
**£**
2,735
-
-
-
2,735
1,304
1,304
1,431
1,995
3,426|**Total Funds**
**2025**
**£**
26,414
49,267
1,951
177
77,809
76,958
76,958
851
16,585
17,436|Total Funds
2024
£
**Restated**
24,513
48,575
2,361
202
75,651
75,032
75,032
619
15,966
16,585|
|---|---|---|---|---|
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**
**----- Start of picture text -----**
AS AT 31 OCTOBER 2025 Company number: 04413366
2025 2024
Note £ £
Fixed assets
Tangible assets 10 990 1,486
990 1,486
Current assets
Debtors 11 596 953
Cash at bank and in hand 18,467 16,970
19,063 17,923
Liabilities
Creditors : amounts falling
due within one year 12 (2,617) (2,824)
Net current assets 16,446 15,099
Total assets less current liabilities 17,436 16,585
Net assets 17,436 16,585
FUNDS
Unrestricted funds 14
General funds 14,010 14,590
Restricted funds 14 3,426 1,995
Total funds 17,436 16,585
**----- End of picture text -----**
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees responsibilities:
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provision applicable to companies subject to the small companies regime.
Apr 10 2026 These financial statements were approved by the Trustees on __________________ and are signed on their behalf by:
Mr A Jones (Joint 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 2025**
## **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 2025**
- **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 2025**
## **2 Income from: Donations and legacies**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
Donations
144
-
Sponsorship
8,590
-
Friends subscriptions
5,245
-
Grants received
7,300
2,735
Gifts in kind
2,400
-
23,679
2,735
Gifts in kind relate to the use of office space donated to the charity.
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Grants received**
**£**
**£**
Clark Foundation
800
-
The Medlock Charity
2,000
-
The Fairfield Charitable Trust
2,000
-
Somerset Community Foundation
2,500
-
Frome Town Council
-
2,235
Frome Community Lottery
-
500
7,300
2,735
**Prior year comparatives**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
Donations
3,485
-
Sponsorship
7,783
-
Friends subscriptions
3,850
-
Grants received
5,000
1,995
Gifts in kind
2,400
-
22,518
1,995
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Grants received**
**£**
**£**
Somerset Community Foundation
2,500
-
Frome Town Council
2,500
1,995
5,000
1,995|**Total Funds**
**2025**
**£**
144
8,590
5,245
10,035
2,400
26,414
**Total Funds**
**2025**
**£**
800
2,000
2,000
2,500
2,235
500
10,035
**Total Funds**
**2024**
**£**
**Restated**
3,485
7,783
3,850
6,995
2,400
24,513
**Total Funds**
**2024**
**£**
2,500
4,495
6,995|
|---|---|
**12**
**FROME FESTIVAL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 OCTOBER 2025**
## **3 Income from: Charitable activities**
|Ticket Sales
Event income|**Total Funds**
**2025**
**£**
29,959
19,308
49,267|Total Funds
2024
£
31,608
16,967
48,575|
|---|---|---|
All income from charitable activities in the current and prior year was unrestricted.
## **4 Income from: Other trading activities**
|Brochure advertising
Fundraising, CD & card sales|**Total Funds**
**2025**
**£**
1,935
16
1,951|Total Funds
2024
£
2,361
-
2,361|
|---|---|---|
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**
**2025**
**£**
40,824
24,103
2,409
5,367
1,571
57
497
1,980
150
76,958|Total Funds
2024
£
**Restated**
41,118
23,215
2,431
4,173
1,633
87
412
1,800
163
75,032|
|---|---|---|
**13**
**FROME FESTIVAL LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 OCTOBER 2025**
## **6 Net income/(expenditure) for the year**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|This is stated after charging:|2025|2024|
|£|£|
|Independent Examiners remuneration|- for examination services|1,290|1,200|
|- accounts preparation|690|600|
**----- End of picture text -----**
No Trustees have been reimbursed for their out of pocket travel expenses (2024: £nil). No Trustee received any remuneration during the year.
## **7 Staff costs and numbers**
**----- Start of picture text -----**
||||
|---|---|---|
|2025|2024|
|The aggregate payroll costs were:|£|£|
|Wages & salaries|23,851|22,872|
|Pension contributions|252|343|
|24,103|23,215|
**----- End of picture text -----**
No employee received emoluments of more than £60,000. The average weekly number of employees during the year was 3 (2024: 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 £10,593 (2024: £10,113).
Aggregate donations from trustees, key management personnel and other related parties was £Nil (2024: £Nil).
## **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 2025**
## **9 Statement of Financial Activities comparative figures**
## **For the year ended 31 October 2024**
|**Restated**
**Income from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure)**
**Total funds at start of year**
**Total funds at end of year**|**Unrestricted**
**Funds**
**£**
22,518
48,575
2,361
202
73,656
75,032
75,032
(1,376)
15,966
14,590|**Restricted**
**Funds**
**£**
1,995
-
-
-
1,995
-
-
1,995
-
1,995|**Total Funds**
**2024**
**£**
24,513
48,575
2,361
202
75,651
75,032
75,032
619
15,966
16,585|
|---|---|---|---|
**15**
**FROME FESTIVAL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 OCTOBER 2025**
**----- Start of picture text -----**
10 Tangible fixed assets
Equipment Total
Cost £ £
At 1 November 2024 4,844 4,844
Additions - -
At 31 October 2025 4,844 4,844
Depreciation
At 1 November 2024 3,358 3,358
Charge for the year 496 496
At 31 October 2025 3,854 3,854
Net book value
At 31 October 2025 990 990
At 31 October 2024 1,486 1,486
11 Debtors
2025 2024
Due in less than one year: £ £
Prepayments and accrued income 596 703
Other debtors - 250
596 953
12 Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 2,479 2,087
Other creditors 119 335
Taxation and social security 19 402
2,617 2,824
**----- End of picture text -----**
**16**
**FROME FESTIVAL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 OCTOBER 2025**
## **13 Movement in funds**
|**For the year ended 31 October 2025**
**Restricted funds**
Frome Town Council
Frome Community Lottery
**Unrestricted funds**
General funds
**Total funds**
**Restated**
**For the year ended 31 October 2024**
**Restricted funds**
Frome Town Council
**Unrestricted funds**
General funds
**Total funds**|**At 1 Nov**
**2024**
**£**
1,995
-
14,590
16,585
**At 1 Nov**
**2023**
**£**
-
15,966
15,966|**Income**
**£**
2,235
500
75,074
77,309
**Income**
**£**
1,995
73,656
75,651|**Expenditure**
**£**
(804)
(500)
(75,654)
(76,458)
**Expenditure**
**£**
-
(75,032)
(75,032)|**At 31 Oct**
**2025**
**£**
3,426
-
14,010
17,436
**At 31 Oct**
**2024**
**£**
1,995
14,590
16,585|
|---|---|---|---|---|
## **Fund Descriptions**
Frome Town Council - this relates to a restricted grant awarded towards the cost of a new online platform for the Friends of Frome Festival.
Frome Community Lottery - funds were received to assist with the printing of brochures for Frome Festival.
**17**
**FROME FESTIVAL LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 OCTOBER 2025**
## **14 Analysis of net assets between funds**
|**As at 31 October 2025**
Unrestricted funds
Restricted funds
**Total funds**
**As at 31 October 2024**
Unrestricted funds
Restricted funds
**Total funds**|**Tangible**
**fixed assets**
**£**
990
-
990
**Tangible**
**fixed assets**
**£**
1,486
-
1,486|**Net current**
**assets**
**£**
13,020
3,426
16,446
**Net current**
**assets**
**£**
13,104
1,995
15,099|**Total**
**£**
14,010
3,426
17,436
**Total**
**£**
14,590
1,995
16,585|
|---|---|---|---|
## **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.
## **16 Prior period adjustment**
During the year, it became apparent that the charity had benefitted from the use of an office provided by a local business, which has been valued by the trustees at £2,400. This has been included in the current year and the prior year accounts have been restated to include this as a donation to the charity, and a charitable activity expense.
The effect of this has been an increase in both income and expenditure in the prior year of £2,400 as shown below. There has therefore been no effect on reserves.
|Income from donations
as previously stated
Gift in kind
As restated
Expenditure on charitable activities
as previously stated
Gift in kind
As restated|**2024**
**£**
22,113
2,400
24,513
72,632
2,400
75,032|
|---|---|
**18**
Audit Trail
## **Document Details**
|**Title**
Frome Festival Financial Statements YE 31 October 2025|**Title**
Frome Festival Financial Statements YE 31 October 2025||
|---|---|---|
|**File Name**
FF|Final Financial Statements 2025.pdf||
|**Document ID**
cd7b75751b6643889065fa674fc47a4|||
|**Fingerprint**
66e77b9c57d8bb52ed89d1dcebd3f66b|||
|**Status**
Completed|||
|**Document History**|||
|**Document Created**|Document Created by Burton Sweet (accounts@burton-sweet.co.uk)
Fingerprint: 5abab72134b529320a2942ceb4ce2aef|Apr 10 2026
08:45AM UTC|
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|**Document Signed**||Apr 10 2026
09:20AM UTC|
|**Document Sent**|Document Sent to Andrew Jones (andrewhjones001@live.co.uk)|Apr 10 2026
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|**Document Viewed**|Document Viewed by Andrew Jones (andrewhjones001@live.co.uk)
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|**Document Viewed**|Document Viewed by Andrew Jones (andrewhjones001@live.co.uk)
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||Document Signed by Andrew Jones (andrewhjones001@live.co.uk)||
||IP: 86.171.99.11||
|**Document Signed**||Apr 10 2026
11:16AM UTC|
|**Document Sent**|Document Sent to Joshua Kingston (josh.kingston@burton-sweet.co.uk)|Apr 10 2026
11:16AM UTC|
|**Document Viewed**|Document Viewed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)
IP: 185.249.213.98|Apr 10 2026
12:15PM UTC|
|---|---|---|
||Document Signed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)||
||IP: 185.249.213.98||
|**Document Signed**||Apr 10 2026
12:15PM UTC|
|**Document**|This document has been completed.|Apr 10 2026|
|**Completed**|Fingerprint: 66e77b9c57d8bb52ed89d1dcebd3f66b|12:15PM UTC|
||||