CHARITY REGISTRATION NUMBER; 1144055
Malmesbury Carnival
Unaudited Financial Statements
31 October 2024
duncanjoycew•<X
& associates, chartered accountants

Malmesbury Carnival
Financlal Statements
Year ended 31 October 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements

Malmesbury Carnival
Trustees, Annual Report
Year ended 31 October 2024
The trustees present their report and the unaudited financial statements of the charity for the year
ended 31 October 2024.
Reference and admlnistrative details
Registered charity name
Malmesbury Carnival
Charity registration number
1144055
Principal office
13 Burnivale
Malmesbury
Wiltshire
SN16 OBL
The Trustees
P Overton (Co-chair)
M Harding (Co-chair)
G Foss (Treasurer)
L Renshaw (Secretary)
S James
R Harris
S D'Arcy
Independent examiner
Duncan N Joyce ACA, CTA
Duncan Joyce & Associates Limited
Chartered Accountants
36 & 38 Cross Hayes
Malmesbury
Wiltshire
SN16 9BG
Structure, governance and management
The governing documents of Malmesbury Carnival are the Constitution and By-Laws, which follow the
requirements of the Charity Commission. The Charity is constituted as an unincorporated association.
Trustees and Officers are appointed by vote at the Annual General Meeting from volunteers serving
on the Carnival Committee. Officers of the Committee would normally be Trustees.
The Committee is currently comprised of 20 plus volunteers (although not all are active) and normally
meets on the 3rd Wednesday of every month except August and December.

Malmesbury Carnival
Trustees, Annual Report (conllnued)
Year ended 31 October 2024
Objectives and activltles
The objects of Malmesbury Carnival as set out in its Constitution which has remained unchanged this
year.
To further these objectives a committee is formed each year to plan and implement a series of events
over the month of August in Malmesbury which brings entertainment to the town and which, through
ticket sales, donations and sponsorship, raise funds which are later distributed as grants to local
organisations and clubs.
Bids are invited from organisations which bring benefit to Malmesbury and the surrounding district.
These bids are reviewed by the Committee for eligibility and response is determined by available
funds and by vote in a full Committee meeting. Funds are disbursed upon receipt of invoices which
confirm the agreed purpose of the grant.
Achievements and performance
The committee has worked extremely hard this year to deliver quality events to Malmesbury. These
include Procession, Petticoat Lane, Jazz Night, Music in the Cloisters, Call my Wine Buff, Bingo,
Abbey Gardens, Wine Tasting, Open Gardens, Quiz night and of course various history talks were
promoted.
All these events were well supported but some were outstanding in terms of financial results. Open
Gardens was huge both financially and turnout. Petticoat lane was again well received and demand
for stalls was high.
Procession was once again mostly held in good weather with a huge turnout. Feedback was once
again extremely positive and well received.
Once again sponsorship underlined our activities in the Carnival and was forthcoming from so may
local businesses to them we are extremely grateful. In addition to cash donations, prizes were donated
to the Grand Raffle which meant the funds raised could be used to fund more grant applications.
Volunteers are always difficult to find and we would like to thank everyone that gave up their time to
make these events a success.
Again we felt Carnival 2024 was a great success and an excellent fund raiser for the town. We would
like to thank everyone who played a part in making this a successful event.
We look forward to 2025 albeit with certain challenges in recruiting new committee members to keep
taking this event forward.

Malmesbury Carnival
Trustees, Annual Report (contliiued)
Year ended 31 October 2024
Flnanclal revlew
Financial Review
The Committee has two accounts - a Current account for day-to-day income and expenditure, and a
Grants account where the funds set aside for Grant fulfilment so they are kept ring-fenced.
On 31st October 2024, the Current account stood at £29,311 (2023 - £27,009) and the Grants account
at £8,358 (2023 - £10,442). In addition the Carnival has a cash float of coins used for the Procession
of £1,500 (2023- £1,500).
The expiry date for unclaimed 2022 and 2023 Grants was 31 October 2024. This resulted in
unclaimed Grants of £7,809, which can be redistribute to local organisations.
There were 26 Grant applications received this year, requesting a total value of over £40,397. the
trustees approved application totalling £26,438 in line with the our rules and constitution.
Reserves of about £10,600 have been retained for 'seed' funding for 2025 plus a reserve for some
expected capital expenditure.
The Trustees, annual report was approved at the AGM on 3th December 2024 and signed on behalf of
the board of Trustees by
P Overton (Co-chair)
Trustee
M Harding (Co-chair)
Trustee

Malmesbury Carnival
Independent Examiner's Report to the Trustee8 of Malme8bury Carnival
Year ended 31 October 2024
I report to the trustees on my examination of the financial statements of Malmesbury Carnival ('the
charity,) for the year ended 31 October 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
Act. or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the
form and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 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.
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.
Duncan N Joyce ACA, CTA
Duncan Joyce & Associates Limited
Chartered Accountants
36 & 38 Cross Hayes
Malmesbury
Wiltshire
SN16 9BG

Malmesbury Carnival
Statement of Financial Activlties
Year ended 31 October 2024
2024
Unrestricted
funds Total funds Total funds
2023
Note
Income and endowments
Donations and legacies
Total income
42,098
42,098
42,098
42,098
36,619
36,619
Expenditure
Expenditure on raising funds:
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
(16,643)
(21,586)
(38,229)
(16,643)
(21,586)
(38,229)
(14,656)
(25,495)
(40,151)
Net incomel(expenditure) and net movement in funds
3,869
3,869
(3,532)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
6,760
10,629
6,760
10,292
6,760
10,629
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The note8 on pages 7 to 11 form part of these financial statements.

Malmesbury Carnlval
Statement of Financial Position
31 October 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
12
696
38,951
39,169
39,169
39,647
Creditors: amounts falling due wlthin one year
Net current assets
13
28,540
32,887
6,760
10,629
Total assets less current liabilities
10,629
10,629
6,760
6,760
Net assets
Funds of the charity
Unrestricted funds
10,629
6,760
Total charity funds
14
10,629
6,760
These financial statements were approved by the board of trustees and authorised for issue on 3
December 2024, and are signed on behalf of the Trustees by:
P Overton (Co-chair)
Trustee
MHar
Trustee
(Co-chair)
G Foss (Treasurer)
Trustee
The notes on page8 7 to 11 form part of tliesa finaiicial stateiiieiits,

Malmesbury Carnlval
Notes to the Financial Statements
Year ended 31 October 2024
General Informatlon
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 13 Burnivale, Malmesbury, Wiltshire, SN16
OBL.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Accounting policies
Creditors
Creditors are recognised where a charity has a present obligation resulting from a past event that
will probably result in a transfer of funds to a third paty 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.
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discounts
offered.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such,
advantage has been taken of the following disclosure exemptions available under paragraph
1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires committee members to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.

Malmesbury Carnival
Notes to the Financial Statements (contlnued)
Year ended 31 October 2024
Accounting policles (contlnued)
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the
purposes of the charity.
Incoming resources
Income
All income is included in the statement of financial activities when the charity is entitled to the
income, any performance related conditions attached have been met or are fully within the
control of the charity, the income is considered probable and the amount can be quantified with
reasonable accuracy.
Resources expended
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is reported as part of the expenditure to which it
relates:
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly to
such activities and those costs of an indirect nature necessary to support them.
Committed grants are recognised in full in the year in which they are approved, with future
payments being included as current liabilities.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and costs linked to the management of the charity.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Ticket Sales
Petticoat Lane Pitch Rentals
Non Ticket Events
Procession Receipts
Sponsorship
Bar receipts
Donations
Athelstan Players
7,442
2,340
15,479
3,406
7,675
1,862
3,894
7,442
2,340
15,479
3,406
7,675
1,862
3,894
6,780
2,360
7,696
3,529
6,850
2,049
6,739
616
6,780
2,360
7,696
3,529
6,850
2,049
6,739
616
42,098
42,098
36,619
36,619

Malmesbury Carnival
Notes to the Flnancial Statemonts (conflnued)
Year ended 31 Octobor 2024
Costs of other tradlng actlvltles
Unrestrlcted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Programme printing and distribution
Bar stocks
Procession costs
Event costs
Hall hire charges
Event Marketing
Cost of living crisis funding
1,977
925
5,708
6,486
811
736
1,977
925
5,708
6,486
811
736
1,365
1,304
4,732
4,428
821
569
1,437
14,656
1,365
1,304
4,732
4,428
821
569
1,437
14,656
16,643
16,643
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Approved grants
Support costs
18,629
2,957
18,629
2,957
21,841
3,654
21,841
3,654
21,586
21,586
25,495
25,495
Expenditure on charitable activities by activity type
Grant funding
of activities Support costs
Total funds
2024
Total fund
2023
Approved grants
Governance costs
18,629
18,629
2,957
21,841
3,654
2,957
18,629
2,957
21,586
25,495
Analysis of support costs
Analysis of
support costs Total 2024 Total 2023
Equipment purchases
Independent examiners fees
Insurance
Administrative expenses
Bank charges
1,532
630
584
794
114
690
1,882
210
175
690
1,882
210
175
2,957
2,957
3,654

Malmesbury Carnival
Notes to the Financial Statements (contlnued)
Year ended 31 October 2024
Analysis of grants
2024
2023
Grants to institutlons
Approved grant applications
Approved grant applications withdrawn
26,438
(7,809)
18,629
23,794
(1,953)
21,841
Total grants
18,629
21,841
10. Independent examination fees
2024
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
690
630
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees,
The average number of trustees during the year, calculated on the basis of full time equivalents,
was as follows:
2024
2023
Trustees
Four (2023 - two) trustees claimed expenses from the charity during the year amounting to £755
(2023 - £176). The expenses were reimbursements of monies paid out by the trustees on behalf
of the charity, during the course of its activities and events.
12. Debtors
2024
2023
Trade debtors
696
13. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors
1,190
27,350
630
32,257
28,540
32,887
10-

Malmesbury Carnival
Notes to the Flnanclal Statements (conflnu8d}
Year ended 31 October 2024
14. Analysls of charltable funds
Unrestrlcted funds
At
1 November 2
023
At
31 October 2
024
Income Expenditure
General funds
6,760
42,098
(38,229)
10,629
At
1 November 2
022
At
31 October 20
23
Income Expenditure
General funds
10,292
36,619
(40,151)
6,760
15. Analysls of net assets between funds
Unrestricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Net assets
39,169
(28,540)
10,629
39,169
(28,540)
10,629
Unrestricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
39,647
(32,887)
6,760
39,647
(32,887)
6,760
11