CHARITY NUMBER: 1120551
COMPANY NUMBLR: 02410415
BRIDGWATER GUY FAWKES CARNIVAL
UNAUDITED FINANCIAL
TATEMENrs
FOR THE YEAR TO 31 DECEMBER 2023

BRIDGWATER GUY FAWKES CAIINIVAL
ANNUAL RF.PORT AND FINANCL4L STATEMENTS
FOR THE YEAR TO 31 DECEMBEII 2023
CONTENTS
PAGE
Ref¢r¢nce and Administrative Infonnation
Annual Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Ststements
8-12

BRIDGWATER GITY FAWKF,S CARTqIVAL
FERENCE AND ADmI￿lSTRATIVE INFOIINL4TION
FOR THE YEAR'fo 31 DECEMBER 2023
Charity name:
Bridgwater Cvuy Fawkes Carnival
Charity Registration Number:
1120551
Company Registration Number:
02410415
Incorporated:
2 August 1989
Registered Office:
7 Castlc Street
Bridgwater
Somerset
TA6 3DT
Trustee Directors:
The following Trustee Directors were in office as at the date of this report:
M.J. Crocker (President)
C.P.M. Hocking
M.S. Robson
W.J. King
M.J. Dodden
M.D. C,attle
C.C. Mockridge
D.C.Creedy
S.Humphrey
A.Middleton
D.P.D.Crok¢T
P J Bastin
D J Stokes
D J White
M Waslcy
K.E. Gibbs
J.P. Walter
(Chairnian)
Independent Examiners:
Westcotts
ChaTtered Accountants
7 Castle Stre¢t
BTidgwater
Somerset
TA6 3DT
Bankers:
Santander UK PIC
Business Banking
301 St Vincent Street
Glasgow
G2 5NT
Page I

BRIDGWATER GUY FAWKES CAILP41VAL
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEAMBER 2023
The Trustees, who are also directors for the purpose of company law, present their report and the
financial statements for the year to 31 December 2023, which are also prepared to meet the
Tequir¢m¢nts for a directors, report and accounts for Companies Act purposes.
ACTIVITIES
The principal activities of Bridgwater Guy Fawkes Carnival are the maintenance of the tradition of
the carnival concerts and procession and the raising of money and fijnds for ¢harities around
Bridgwatcr and the organisation of events of every description in furtherance of these objects. The
charity endeavouTS to promote the artistic talent and entertainment in the local area and provide
charilable contributions to local and national charities.
The charity has diversified their income due to thinking of the future and has continued to on from
the last couple years. For examplc the number of grandstand tickets available has increased and
parking facilities on Carnival Day have extended to include a park and ride scheme at two venues at
the to￿￿'S MotOTway junctions to appeal to a larger audience and give spectatOTS a great all round
experience of Bridgwat¢r Guy Fawkes Carnival.
Other improved sources of income are from Traffic Management events which generate funds to help
towards additional costs of the Bridgwater Carnival procession including marshalling and security
steward8. Development of streaming the BridgwalcT Guy Fawkeb CaTnival live un the interngt and
the encouragement to supporters to donate on line and by text giving is improving income streams to
make up for the public's Teduced use of cash. New sources of fimding to sustain the Carnival will
need to be explored to replace local authority grant funding which will reduce due to the shortage of
public funding.
GOVERNIIYG DOCUMEN
The Company operates under the aims, objective5 and methods as set out in Its Metnorandum and
Articles of Association..
TRUSTEF. SELECTION
Trustees shall b¢ eleLled at the Annual General Meeting, Personnel G¢neral Meeting or other board
meetings if a vacancy has arisen and shall serve for one year and then be eligible for re-election.
RESERVES
The purpose ofthe designated reserve (as part of the company's total unrestricted Funds) is to provide
Tesources in case due to unfor¢s¢en circumstances the BGFC had to be cancelled. The designated
reserve has been increased this year by £3,000 so that as at 31 December 2023, the designated reserve
stands at £78,000. In addition unrestricted reserves are to be maintained at a level of at least 4 months
of nornMI expenditure, which is consid¢r¢d appropriate by the trustees. This level is to be monitored
and amended as Thecessary at the Annual Generat Meeting.
CHARrrABLE CONTRIBtrrIoNS
Donations to Charitics and Community Groups were £27,277 (2022 - £20,791) (see note 4).
PLANS FOR FUTURE PERIODS
Bridgwater Guy Fawkes Carnival Trust¢¢s' plans for the future are to continue to identify and develop
new sources of income and to attract new individuals to support the Trustees in their WOTkto maintain
Bridgwater Carnival as one of the biggest illuminated Carnivals in Europe. The Trustees also have
well developed plans alTeady financially supported by fi￿dIng from the Government's Regeneration
Initiative and The Sornerset Community Foundation to extend and significantly redevelop the Bristol
Road Site in Bridgwat¢r from where the organisation and a number of Carnival Clubs operate.
£439,424 of agreed funding has been received but none of it spent and is included in the company's
restricted funds.
Page 2

BRIDGWATER GLTY FAWKES C.ARNIVAL
ANNUAL REPORT OF TRUSTEES CONTINUED
FOR THI YEAR TO 31 DECEMBER 2023
TRUSTEES, STATEMENT OF RESPONSIBILITY IN RELATION TO THE FINANCIAL
STA'I"EMEIN'I'
Company law requires the trustees to prepare financial statements for each fmancial year, which give
a true and fair view of the state of affairs of the company and of the result of the company for that
year.
In preparing those financial statements, the trustees are required to:_
Select suitable accounting policies and then apply thcm consistcntly;
Make judgements and estimates that are re&sonable and prudent.
Prepare the financial statements on the going concern basis, unless it is inappropriate to
a&8ume that the company will continu¢ in business.
The trustees are responsible for keeping Proper accounting records which disclose with reasonable
accuracy at any time the financial position of the company and to enable them to ensure that the
fjnaneial statements comply with the Companies Act 2006. They are also responsible for safe-
guarding the assets of the company and hence for taking reasonable steps for th¢ prevention and
detection of fraud and other i￿egularlties.
The trustees in perforn]ing their duties during the period have had regard to the Charity Commission's
guidanc¢ on public b¢n¢fiL
INDEPEIYDENT EXAMINERS
Th¢ company is entitled to exemption from a full audit under section 477 of the Companies Act 2006
for the year to 31 December 2023.
The me]nbers have not requested the company to obtain a full audit of its fmancial statements for the
year to 31 December 2023 in accordance with section 476 of the Companies Act 2006.
Th¢ members have requested the eotnpany to obtain an independent exarnination of its financial
statements for the y&qr to 31 December 2023.
The trustees, Teport is prepared in accordance with special provisions of part 16 of the ConLpani¢s Act
2006 relating to small companies.
Approved by the Trustees on 6 February 2024 and signed on their behalf by:
Mi¢ha¢l John Dodden
Trustee
Bridgwater Guy Fawkes Carnival
Date .
Page 3

BRIDGWATF.R GUY FAWKF.S CARNIVAL
tNDEPEliDENT EL4MIIIER'S REPORT TO THE BOARD OF TRLSTEES OF
BRIDGWA'fLR GUY Tr'AWKES CAKNIVAL FOR THE YEAR "L 0 31 DECEMBER 202
I report on the accounts of Bridgwater Guy Fawk¢s Carnival for year to 31 December 2021 as set out
on pages 5 to 12.
Respective Responsibilities of Trnstees and Examiner
The clwity's trustees are responsible for the preparation of the accounts. The charity's trustees
¢onsidcr that an audit is not required for this year under section 144(2) of the Chariti¢s Act 2011 and
that an independent examination is needed. The Charity's gross income exceeded £250,000, and I atn
qualified to undertake the examination by being a qualifLed member of ICAEW.
EIaving satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act
2006 and is eligible for independent examination, it is tny responsibility=
to examine the accounts under section 145 of the 2011 Act.
to follow the PTocedur¢s laid down in the General Directions given by the Charity
Commissioner under section 145(5)(b) of the 2011 Act. and
. to statc wh¢th¢r particular matters have come to my attention.
Basis of independent examiner s report
My examination w&8 carried out in accordance with the General Directions given by the Charity
Commissioner. An examination includes a review of the accounting records kept by the charity and
a Comparison of the accounts presented with those records. It also includes consid¢ration of any
unusual items or disclosures in the accounts, and the seeking of explaJMtions from you as tn￿tee$
concerning any such matters. llie procedures undertaken do not provide all the evidence thal wuuld
be required in all audit and, consequently no opinion is given as to whether the accounts present a
'true and fair Truew, and the report is limited to thos¢ matters set out in the statement below.
Ind¢pendellt ex#miner's statement
In connection with my examinatio￿ no matter has come to my attention..
• which gives me reasonable cause to believe thaL in any material respect, the requirements..
(a) to keep accounting records in accordance with section 386 of the Companies Act 2006.
(b) to prepare accounts which accord with the accounting records and to comply with Ihe
accountin¥ TequiTgmenis' uf the Companies Act 2006 and wlth the Charkties Act 2011 have
not been met" or
. to which, in tny opinion. attention should be drawn in order to enable a proper understanding
of the accounts to be ￿a¢￿ed.
Kelly Davies FCCA
Independent Examtner
West¢otts Chartered Accountallts
7 Castle Str¢¢t
BTidgwater
Som¢rs¢t
TA6 3DT
Date.. 0510312024
Page 4

BIUDGWA'fER GUY FAWKES CAR￿'IVAL
STATEMENT OF FIN_4NC.IAL ACTIVITIES
FOR THE YEAR TO 31 DECEMBER 2023
Unrestricted Restricted
Funds
Funds
Total
2023
Totstl
2022
Note
INCOME
Incomc from
Charitable activities
306,750
468,305
775,055
399,612
Total illCORning resour¢es
306,750
468,305
775,055
399,612
EXPENDITURE
Expenditure on
Charit(Ible activities
Other Expenditure
262,235
23,187
28,881
291,116
23,187
337,878
19,519
Total resources expended
285,422
28,881
314,303
357,397
Net ineome l (expcnditure)
before transfers
21,328
439.424
460,752
42.215
Gross transfers between funds
-2,310
2.310
Net income l (expenditure)
For the period
£19,018
£441,734
£460,752
£42.215
Total funds brought fonvard
£219,497
£219.497
£177,282
Total funds carried forward
£238,515
£441,734
£680,249
£219,497
Page 5

BRtDGWATER GUY FAWKES CARNIVAL
BAI,ANC.F. SHF,F.T
AS AT 31 DECEMBER 2023
2023
2022
Note
FIXED ASSETS
Tangible assets
35.257
35,977
CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand
Nationwide Building society
3,177
18,141
297,078
442,127
3,406
16.633
207,196
71,089
760,523
298,324
CREDITORS: AMOUNTS
FALLING DUE WITHIN
ONE YEAR
Trade creditors
Allocate(VAdvance payments
io
47.944
67,587
50,307
64,497
115,531
114.804
NET CURRENT ASSETS
644,992
183,520
NET ASSETS
£680,249
£219,497
REP￿sENTED BY:
Restricted funds
Unrestricted funds
12
li
441,734
238,515
219,497
TOTAL FUNDS
£680,249
£219,497
The trustees are satisfied that the company is entitled to ¢x¢mption from th¢ provisions of the
Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue
of section 477, and that no member has requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for..
a) ensuring that ihe company keeps accounting records which comply with section 386 of the
Act, and
b) PTeparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of the fiywicial yeaT and of its profit or loss for the financial ye8r ill
accordance with the requirements of sections 394 and 395, and which otherwise comply.
These financial statements have been prepared in accordance with the special PTovisions for small
companies under Part 15 of the Companies Act 2006.
Page 6

BRIDGWATER GUY FAWKES CARNIVAL
BALANCE SFIIET
CONTINUED
AS AT 31 DECEMBER 2023
These fmanc
statements were approved by the trustees and authorised for issue on
d ar¢ signed on b¢half by..
RUSTEE
Company Registration Number 02410415
The notes on pag¢s 8 to 12 forni part of the financial statements
Page 7

BRIDGW'ATER GUY FAWkTS CARNIVAL
NOTES TO THE FINANCIAL STATEMEINTS
"OR 'rH Tr". YTr,AR TO .11 DE.CEMBER 2023
ACCOUNTING POLICIES
The following accounting policies are used consistendy in dealing with items which are
considered material in relation to the company's flliancial stat¢m¢nts.
Basis of Accounting
The financial statements have been prepared in accordance with Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance the Financial Reporting Standard appli¢able in the UK and
Republic of Ireland (FRS I02) (cff¢¢tiv¢ I" January 2015) (Charities SORP(FRS102)} the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the
Companies Act 2006.
Public Benefrt
Bridgwatcr Guy Fawkes Carnival meets the definition of a public benefit entity under
FRSI 02. Assets and liabilities are initially recognised at historical cost QT transaction value
unless otherwise stated in the relevant accounting policy note.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual interest in the assets of the
company after deducting all its liabilities.
Fixed Asscts
All lixed assets are initially recorded at cost.
D¢pr¢ciation
Depreciation is calculatcd so as to writc off the cost of an asset, less its estimated residual
valu¢. OV¢T th¢ us¢ful ¢¢onomic lite of that asset as follows..
Bristol Road Store _ 2010 reducing balance
Trade and otber debtor5
Trade and other debtors ar¢ recognised and caTri¢d forward at invoice amounts less provisions
for any doubtful debts. Bad debts are ThTitten off when identified.
Cash and cash equivalents
Cash and cash equivalents are included in the balance at cost. Cash and cash equivalents
comprlse cash at bank and in hand and short term deposits with an original maturity of thr¢¢
months or less.
Turnover represents the total amount receivable from the ordinary activities of the company
and includes income from ¢ollections. sales, d¢posits. donations and othei sources of income,
excluding VA T.
Page 8

BRIDGWATER GL Y FAWKES CARNIVAL
NOTES TO 'fHE FINANCIAL ST ATf.MENTS
FUK THE YEAlI'fo 31 DF,CEMBER 2023
Stocks
Stocks are valued at the lower of cost and net Tealisable value.
Inter￿t received
This relates to the amount of interest received in respect of the vaTiOUS accounts. No account
is taken of inteTest accrued but not paid by the period end.
Gran1$ received
Income from grants is r¢¢ognised when the charity has entitlement to the funds and it is
prob(Ible that th¢ income will be received and the amount can be measur¢d reliably and is not
deferred.
INCOME FROM CHARiI"ABLE ACTIVITIES
Unrestritted
Restricted Total Funds Totsl Funds
Fmnds
FuDds
2023
2022
Administration
Collection
CornmeTcial
Eniertainment
Pageant
Procession
Projects
Interest received
2,553
38,374
103,069
85,351
3,824
71.451
2,553
38,374
103,069
34,463
40,147
82.630
73,199
121,824
44,418
2,715
216
3,824
100,332
439,424
2,128
28,881
439,424
2,128
£306,750
£468,305
£775,055 £399,612
Included above ar¢ grants received of £468.305 (2022 £27,683)
EXPENDITURE ON CHARIT ABLE ACI'IVITES
Unrestrieted
Restricted Total Funds Total FuDds
Funds
Funds
2023
2022
Administration
Collection
Commcrcial
Entertainment
Pageant
Procession
Projects
Depreciation
22,467
19,807
61,276
47,176
15,314
115,971
2,691
720
22,467
19,807
61,276
47,176
15,314
144,852
2,691
720
25,924
19,595
52,477
45,324
102,863
94,999
15,481
734
28.881
£285.422
£28,881
£314,303 £357,397
Page 9

BRIDC.WATF.R C.UY FAWKES CARNIVAL
NOTES TO THE FINANCL4L STATEMENTS
l< OR 'fHE YEAR TO 31 DECEMBLR 2023
PEIL4TING PROFIT
2023
2022
This is stated after charging'.-
Independent Examiners remuneration
Payments to chartties & Community Groups
1258
27,277
835
20,791
INTEREST RECIVED AND SIMILAR INCOME
2023
2Q22
Bank deposit account interest
2,128
216
£186
£216
FLXID TANGIBLE ASSETS
Bristol Road store
Cost
At I" January 2023 and 31" December 2023
47,576
Depreciation
At I" January 2023
Charge for the period
At 31" D¢¢ember 2023
11,599
720
Net book values
At 31" December 2023
At 31" December 2022
35,977
TAX ON PROFIT ON ORDINARY ACTIVITES
No Corporation Tax payable. As a Charity the company is not liabl¢ to pay Corporation Tax.
STOCK
2023
2022
G¢neral souv¢nirs
3,177
3,406
DEBTORS
2023
2022
Sundry debtors
18.141
16,633
Page 10

BRIDGWATER GUY FAWKES CARMVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
io.
CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade Creditors
Allocatedladvance paytnents
47,944
67,587
50,307
64,497
£115,531
£114.804
ii.
UNRESTRICTED FUNDS
Include a designated reseTve the puryose of which is to provide the resources required in case
due to unforeseen circumstances the BGFC had to be cancelled. This designated reserve was
ineTeased during the year by £3,000. $0 that as at 31 DeeembeT 2023, it stood at £78,000. Th¢
rem(iining unrestricted funds are maintained at a level of at least 4 months of normal
expenditure, which is considered appropriate by the trustees. This level is to be monitored and
&mended as necessary at the Annual General Meeting. The total of the Designated fund
reserve is included in the unrestricted funds figure.
2023
2022
Unrestricted Funds at l January 2023
Increase during the YeaT
219,497
19,018
177,282
42,215
Unrestricted Funds at 31, December 2023
38
12.
RESTRICTED FUNDS
Balance of unspent Arts Council Grant
2,310
Somerset Community Foundation- Bristol Road Redevelopment 439 424
13.
LAI¥4D AT BRISTOL ROAD
In 1987, trustees on behalf of the Bridgwater Guy Fawkes Carnival Con]mitlee acquired
approximately one acre of land at Bristol Road. This land h&8 be¢n let to a number ofcarnival
clubs to be used for the construction of carts. It is a condition of the lease that carnival clubs
are responsible foT all maintenance and other costs incuffed on the site. The Original
acquisition occurred prior to the incorporation of the company on 2 August 1989. During 2023
the land has been transferred to the limited company.
14.
STATUS OF COMPANY
The company is litnited by guarantee and theTefore has no shar¢ capital. Th¢ company is
entitled to omit the word Limited frotn its name In accord&nce with Section 60 of the
Companies Act 2006.
Pagell

BRIDGWATFR GUY FAWKES CARNIVAL
NOTES TO THE FINANCIAL STATEMEf4TS
FOR
31DE
BER2
15.
TRUSTEES EMOLUMENTS AND RELATED PARTY
4 trustees had honoraria paid for the time and effort they put in to fulfd these positions.
Payments to Trust¢¢s were:
2023
2022
President
Secretary
Treasurer
Publicity Officer
300
475
475
150
£1400
300
475
475
150
£1400
There were no reportable related party transactions during the year
Page 12