CHARITY NUMBER: 1120551
COMPANY NUMBER: 02410415
BRIDGWATER GUY FAWKES CARNIVAL
UNAUDITED FJNANCIAL STATEMENTS
FOR TKE YEAR TO 31 DECEMBER 2024

BRIDGWATER GUY FAWKES CARNIVAL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2024
COPITENTS
PAGE
Reference and Administrative Tnfonnation
Amiual Report of the Tn￿teeS
Independent Examiner's Report
Statement of Financial Activities
Balance Sh￿t
Notes to th¢ Financial Statements
8-12

BRIDGWATER GUY FAWKES CARNIVAL
REFERENCE AND ADNItNISTIL4TIVE INFORJMATION
FOR THE YEAR TO 31 DECEMBER 2024
Charity name:
Bridgwafrr Guy Fawkes Carnival
Charity Registration Number:
1120551
Company Reglstratlon Number:
02410415
Incorporated:
2 August 1989
Registered Office:
7 CastIe Street
Bridgwater
Somerset
TA6 3DT
Trnstee Directors:
The following Trnstee Directors w¢re in office as at th¢ dat¢ of this report:
D.C. Creedy IPresident-El¢ct)
M.J. Doddcn
M.D. Cattle
C.C. M￿krIdge
G, Stoneham
S.Humphrey
A.Middl¢ton
M C Crocker
D J White (ChaIrn￿)
M Wasley
K.E. Gibbs
J.P. Walter
R.J Jones
Independent Exanthiers:
Westcotts
Chartered Accountants
7 Castle Street
Bridgwater
Somerset
TA6 3DT
Bankers:
Santand¢r UK PIC
Business Banking
301 St Vincent Street
Glasgow
G2 5NT
Page I

BRTDGWATER GUY FAWKES CARNIVAL
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEMBER 2024
The Trustees, who are also directors for the pury)ose of company law, present their report and the
financial statements for the year to 31 December 2024. which are also prepared to meet the
requirements for a directors. report and accounts for Companies Act purposes.
ACTIVITIES
The pIincipal activities of Bridgwater Guy Fawkes Carnival are the nuintenance of the trddition of
the carnival concerts and procession and the raising of money and funds for charities around
Bridgwater and the organisation of events of every description in filltherance of these objects. The
charity endeavours to promote the artistic talent and entertainment in the local area and provide
charitable contributions to local and national charities.
The cbarity has in recent years diversified their income generating activities due to thinking of the
future and is continuing to do so. In addition to the traditional collection on Carnival Day significant
funds are rdised from the sale of grandstand seats, hospitality packages, catering pitches and parking
facilities for cars and coaches on Carnival Day. Income from the generous support of an iiicreasing
number of national and local sponsors and the popularlty of the Carnival Concerts presented for two
weeks in Octs)ber each year contlnues to ensure the financial success and sustainability of The Guy
Fawkes Carnival tradition in Bridgwater for future years.
The provision of Trdffic Management services by committee members and volunteers for otherpublic
ev¢nts continues to generate funds needed to meet additional costs of th¢ Bridgwater Carnival
procession including marshalling and security stewards as well as th¢ purchase and hire of equipment
provided for bealth and safety needs. Streaming of th¢ Bridgwater Guy Fawkes Carnival live on the
internet and the encouragement to support¢rs to donate on line and by text giving and the development
of a new Mobile Bridgwater Carnival App will be used to widen awar¢n¢ss of new supporters and
sponsors as public funding comes under increased pressure.
GOVERMNG DOCUMENT
The Company operdtes under the aijns, objectives and methods as set out in its Memorandum and
Articles of Association.
TRUSTEE SELECTION
Trustees shall be clected at the Annual General Meeting, Personnel General Meeting or other board
meetings if a vacancy bas arisen and shall serve for one year and then be eligible for re-election.
RESERVES
The Purpose of the dcsignated reserve (as part ofthe company's tot￿ unr&stricted Funds) is to provide
resources in casc due to unforeseen CircU￿tanceS the BGFC had to be cancelled. The designated
reserve has been increased this yeat by £3,000 so that as at 31 December 2024. the (ksignatcd rescrve
stands at £81,000. In addition unrestsicted reserves are to be n￿intaIned at a level of at Icast 4 months
of nornMI expenditure, which is considered appmpriate by the trustees. This Icvel is to be monitored
and amended as necessary at thc Annual Generdl Meeting.
CHARITABLE CONTRIBUTIONS
Donations to Charities and Community Groups wcre £37,487 (2023 - £27277) (see note 4).
PLANS FOR FtTruRE PERIODS
Bridgwater Guy Fawkes Catnival Tn￿tces, plans forthe future to continuc to identify and develop
new sources of incomc and to attract new individuals to support the Trustees in their work to maintain
Bridgwater Carnival as one of the biggest illuminated Carnivals in Europe. The TTh￿tee8 also have
well developed plans alrcady financially supported by funding from th¢ Govermnent's Regeneration
Initiative and The Somerset Community Foundation to ¢xtend and significantly redevelop the Bristol
Road Site in Bridgwater from where the organisation and a Dumber of Carnival Clubs operate.
Page 2

BRIDGWATER GUY FAWKES CARNIVAL
Aryj NUAL REPORT OF THE TRUSTEES CONTINUED
FOR THE YEAR TO 31 DECEMBER 2024
£439,424 of agreed funding has been received from The Somerset Community Foundation but none
of it spent and is included in the company's restricted fimds. Part of the secured funding for the project
from The Bridgwater Town Deal has been used during 2024 by Bridgwater Guy Fawkes Carnival to
purchase just over 5 acres of land at the Company's site at Bristol Road for £160,000 on which the
development will be built.
TRUSTEES, STATEMENT OF RESPONSIBILITY IN RELATION TO THE FINANCIAL
STATEMENT
Company law requires the trustees to prepare fmancial statements for each financial 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.
Ln preparing those financial statements, the trustees are required to:_
Select suitable accounting policies and then apply them consistently"
Make judgements and estirnates that are reasonable and prudent.
Prepare the financial statements on the going concern basis, unless it is inappropriate to
assume that the cornpany will continue in business.
ii.
iii.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at ally time the f￿anCIal position of the company and to enable them to ensure that the
financial 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 the prevention and
detection of fraud and other irregularities.
The trustees in perforn]ing their duties during the period have had regard to the Charity Cornmission's
guidance on public benefit.
The company is entitled to exemption from a full audit under section 477 of the Companies Act 2006
for the year to 31 December 2024.
The members have not requested the company to obtain a full audit of its fmancial statements for the
year to 31 December 2024 in accordance with section 476 of the Companies Act 2006.
The members have requested the company to obtain an independent examination of its financial
statements for the year to 31 December 2024.
The trustees, report is prepared in accordance with special provisions of part 16 of the Companies Act
2006 relating to small companies.
Approved by the Trustees on 4 March 2025 and signed on their behalf by:
Michael John Dodden
ee
Bridgwater Guy Fawkes Carnival
Date .
Page 3

BRIDGWATER GUY FAWKES CARNIVAL
EPENDENT ExAM[￿l's REPORT TO THE BOARD OF TRUSTEES OF
BRIDGWATER GUY FAWKES CARNIVAL FOR THE YEAR TO 31 DECEMBER 2024
I report on the accounts of Bridgwater Guy Fawk¢s Carnival for year to 31 December 2024 as out
on pages 5 to 12.
Respecdve ResponsI￿lIn￿eS of Trnstees and EIamiDer
The charity's trustees are r¢sponsible for the preparation of th¢ accounts. The charity's trustees
consider that an audit is not r¢quired for this year ulld￿ section 14412) of the Charities Act 2011 and
that an indep¢ndent examination is Deeded. The Charity's gross income exceeded £250,000, and l am
qualificd to undertake the examination by being a qualified member of ICAEW.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act
2006 and is eligibl¢ for independent examinatio￿ it is my responsibility:
• to examin¢ the accounts under section 145 of the 2011 ACL.
to follow the procedures laid down in the General DirectioDS given by the Charity
Con)missioner under section 145(5)(b) of the 2011 Act; and
• to stste whether particular matters have come to my attention.
Basis of independent ￿amIner'S report
My examination was carri¢d out in accordance with the Genernl Dir¢ctions given by the Clwity
Conm)issioner. An examination includes a review of the accounting records kept by the charity and
a comparison of the accounts presented with th0￿ records. It also includes consideration of any
unusual items or disclosures in th¢ accounts, and the seeking of explanations from you as trust¢¢s
concen]ing any such matters. The procedures undertaken do not pmvidc all th¢ evidence that would
be required in an audit and, consequently no opinion is given as to whether the accounts present a
'true and fair VAew' and the report is limited to those matters set out in the statement below.
Independent examiner's statsment
In Connection with my eramination, no matter come to my attention:
• wbich gives me reasonable cause to believe that. in any nmterial respec( the requirements:
(a) to keep accowiting records in accordance with section 386 of the Companies Act 2006.
O)) to prepare accounts wbich accord with the accounting records and to comply with the
accounting requirements of the Companies Act 2(K16 and with th¢ Charities Act 2011 have
not been met" or
• to wl]ich, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
Kelly Davies FCCA
Independent ExamiDer
Westcotts Charter¢d Accountants
7 Castle Street
Bridgwater
Som¢rset
Date:
ij mcKh tots.
TA6 3DT
Page 4

BRIDGWATER GUY FAWKES CARNIVAL
STATEMEIYT OF FINANCIAL ACTIVITIES
FOR THE YEAR TO 31 DECEMBER 2024
Unrestricted Restrlctsd
Funds
Funds
Total
2024
Total
2023
Note
YCOME
Income from
CharAtable activities
348,338
13,568
361,906
775,055
Total incomlng resources
34&338
13,568
361906
775,055
Expenditure on
Clwitsble activities
Other Expenditure
279,275
27,181
279,275
27,181
291,116
23,187
Totsl resources expended
306.456
30fj456
314,303
Net income / (eipendltllre)
before transfers
41,882
13,568
55,450
460,752
Gross transfers between funds
Net income / (expendlture)
For the perlod
£41,882
£13,568
£55,450
£460,752
Total funds brought forward
£238.515
£441,734
£680,249
£219,497
Totsl funds carried forward
£280J97
£455,302
£735,699
£680,249
Page 5

BRIDGWATER GUY FAWKES CARNIVAL
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
198,227
35,257
CURREP4T ASSETS
Stock
Debtors
Cash at bank and in hand
Nationwide Building Society
2,823
9.619
340,081
455,694
3,177
18,141
297,078
442,127
808,217
760,523
CREDITORS: AMOUNTS
li
FAILING DUE ￿THIN
ONE YEAR
Trade creditors
Allocated/Advance payments
10
42,016
65,054
47,944
67,587
107.070
115,531
NET CURRENT ASSETS
701,147
644,992
NET ASSETS
£899,374
£680,249
REPRESENTED BY
Restricted Funds
Unrestricted funds
12
11
618,977
280.397
441,734
238,515
TOTAL FUIYDS
£899,374
£680,249
The trustees arc satisfied that the compally is entitled to exemption from the provislons of the
Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by vIr￿e
of section 477, and that no member has requested an audit pursuant to section 476 of the ACL
The directors acl(nowledge their responsil)ilities for:
a) ensuring that the company keeps accounting records which comply with section 386 of the
ACL and
b) preparing fLnancial stat¢ments wbich give a true and fair view of the state of affairs of the
company as at the end of the financial year and of its profit or loss for the financial year in
accordance with the requircments of sections 394 and 395, and which othcrwise comply.
These fuwicial ststements have been prepared in accordance with the special provisions for small
companies under Part 15 of the CompaDiCS Act 2006.
Page 6

BR￿GwATER GUY FAWKES CARI¥IVAL
BALANCE SHEET
CONTINUED
AS AT 31 DECEMBER 2024
These financlal statements were approved by thc trustees and authorised for issue on 4 March 2025
and are Si￿ed on behalf by:
TRUSTEE
el Jolm D(Kklen
Ci)mpany Registration Number 02410415
The notes on pages 8 to 12 fotm part of the financial statements
Page 7

BRIDGWATER GUY FAWKES CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2024
ACCOUNTING POLICIES
The follo￿ring accounting policies are used consistently in dealing with items which are
considered material in rclation to the compatys financial statements.
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 with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective I" January 2015) (Charities SORP(FRS102)) the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the
Companies Act 21K)6.
PublRc Benefit
Bridgwater Guy Fawkes Carnival meets the defmition of a public benefit entity under
FRS102. Assets and liabiliti¢s are initially ffcognised at historical cost or transaction value
unless otherwise statsd in the relevant accounting policy note.
FiDaDcial Instrnments
Fitiancial instnmlents are cl&ssifi¢d and accounted for, according to the substance of the
contractual arrangement, as either financial assets, fmancial liabilities or equity instruments.
An equity insttiun¢nt is any contract that evidences a residual interest in the assets of the
company after deducting all its liabilities.
Flxed Assets
All fixed assets are initially recorded at cost.
DepTeciatlon
Depreciation is calculated so as to write off the cost of an asseL less its estimated residual
value, over the USefi￿ econon]ic llfe of that asset as follows:
Bristol Road Store - 20/0 reducing balance.
Trade and other debtors
Trade and other debtors are recognised and carried forward at invoice aTnounts less pmvisions
for any doubffi￿ debts. Bad debts are written off when identified.
Cash and cash equivalents
Cash and casb cquivalents are included in thc balance at cost. Cash and c&sh equivalents
comprise cash at bank and in hand and short term deposits with an ori￿ maturity of three
months or less.
Turnover represents the total amount receivable from the ordinary acttvities of the company
and includes income from coll¢ctions, sales. deposits, donations and other sources of income,
excluding VAT.
Page 8

BRU)GWATER GUY FAWKES CARNIVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2024
Stocks
Stocks are valued at the lower of cost and net realisable value.
Interest received
This relates to the amount of interest receivcd in respect of the various accounts. No account
is taken of Allter￿t acCn￿d but not paid by the period end.
Grants received
Income from grdnts is recognised when the charity has entidement to the funds and it is
probable that the income will be received and the amount can be me&sured reliably and is not
deferr
INCOME FROM CHARrrABLE AcrIvrllEs
Unrestricted
Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Administration
Collection
Con)mercial
Entertainment
Pageant
Procession
Projects
Intercst received
7,317
38,328
114,436
92,053
7.317
38,328
114,436
92,053
2,553
38,374
103,069
85,351
3.824
100,332
439,424
2.128
93,954
2250
93,954
2,250
13,568
13,568
£348,338
£13,568
£361,906 £775,055
Included above are received of £9.508 (2023 £468,305)
EXTEI¥DITURE ON CHARITABLE ACTIVITES
UDrestrlcted
Restrictsd Total Funds Total Funds
Funds
Funds
2024
2023
Administralion
Collection
Conllnercial
Entertainment
Pageant
Procession
Projects
Depreciation
26.476
15,016
69,310
58,893
26,476
15.016
69,310
58,893
22.467
19,807
61,276
47,176
15.314
144,852
2,691
720
131.212
131212
4,844
705
705
£306,456
£306,456 £314,303
Page 9

BRIDGWATER GUY FAWKES CARNIVAL
NOTES TO TItE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2024
OPERATll¥G PROFIT
2024
2023
This is stated after charging:_
Independent Examiners remuneration
Payments to charities & Community Groups
1,330
37,487
1,258
27,277
INTEREST RECTVED AND SIMILAR INCOME
2024
2023
Bank deposit account interest
16,685
2,128
£16,685
£2,128
FLKED TANGIBLE ASSETS
Bristol Road Site
Cost
At I" January 2024
Additions
47,576
163,675
st
At 31 December 2024
£211,251
Depreciation
At I" January 2024
Charge for the period
At 31" December 2024
12,319
705
Net book values
At 31" December 2024
198 227
At 31" December 2023
£35,257
TAX ON PROFIT ON ORDINARY ACTIVITES
No co￿oration Tax payable. As a Charity the company is not liable to pay co￿oration Tax.
STOCK
2024
2023
General souvenirs
2,823
3,177
DEBTORS
2024
2023
Sunthy debtors
9,619
18,141
Page 10

BRIDGWATER GUY FAWKES CARNtVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2024
10. CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade Creditors
Allocate(Vadvance paymcnts
42.016
65.054
47,944
67,587
£107,070
£115,531
11.
Include a designated reserve the purpose of which is to provide the resources required in case
due to unforeseen circumstances the BGFC had to be cancelled. This designated reserve was
increased during the year by £3,000. so that as at 31 December 2024. it stood at £81.000. The
remaining unrestrict¢d fimds are maintained at a level of at least 4 months of nornlal
expenditure, which is considered appropriate by the trustees. This level is to be monitored and
amended as necessary at the Annual General Meeting. The total of the Designat¢d fiwd
reserv¢ is included in tbe unrestrict¢d funds figure.
2024
2023
Unrestrictcd Funds at l January 2024
Increase duTiDg the Year
238,515
41,882
219,497
19,018
s¢
Unrestricted Funds at 31 December 2024
£280 397
12. RESTRICTED FUM)S
Balance of unspent Arts Council Grant
2,310
Somerset Community Foundation- Bristol Road Redevelopment 452,992
Bridgwater Town Council- 5.4 Acres at Bristol Road
163,675
2,310
439,424
£618 97
13.
LAND AT BIUSTOL ROAD
In 1987. trustees on behalf of the Bridgwatet Guy Fawkes Carnival Committee acquired
approximately one acre of land at Brlstol RoaqL This land has been let to a number of carnival
clubs to be used for the construction of carts. It is a condition of the lease that carnival clubs
are rcsponsible for all maintenancc and other costs incurred on the sitc. The original
acquisition occurred prior to the inCOTporatÈon of the con]pany on 2August 1989. During 2023
the land has been transfeffed to the limited company. During 2024 a further 5.4 acres of
adjacent land which hitherto was owned by Bridgwater Town Council and rented to the
company (on which a number of club construction buildings are sited which are urgently in
the need of development) has been purchased from the Council at a cost of £160.000 plus
legal costs. Plans are well advanced for a major d¢velopment of the entire site with up to I I
new sh¢ds for clubs and the committee's use. FundADg from public alld charitable bodies I
been secured for the first phase of tbis projecL Funding for the land purchase was provided
through The Bridgwater Town Deal wbich is part the funding secured for the project.
Pagell

BIUDGWATER GUY FAWKES CARNtVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2024
14.
STATUS OF COMPANY
The company is limit¢d by guarantee and therefore h&s no share capital. The company is
entitled to omit the word Limited from its name in accordance with Section 60 of the
Companies Act 2006.
15.
TRUSTEES EMOLIIMENTS AND RELATED PARTY
4 trustees had honoraria paid for the time and effort they put in to fulfil these positions.
Payments to Trustees were:
2024
2023
President
Secretary
Treasurer
Publicity Officer
300
475
475
150
£1400
300
475
475
150
£1400
There were no reportable related paty transactions during tbe year.
Page 12