STATE (*TAUST
Balantesheet

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TheTnJ5rees. who aredwectorsforthe wrposesof ccthparry ￿w. preseDtthe•MU￿TepQrItoReI￿Yitkn he ffflarKi
Steve Marfot
Cdin Ma￿5
The Chanty e¥i5tsto womrte the art$fLy￿ pubktoneft ￿ pwlKL4¥. l¥JtMtcthrrtty.the ¥ts orda￿.
poetry. p￿t￿3￿h¥￿nd fi*n rn•kr¢
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i￿lry. In 2020.21 State ofTrust deliF￿￿a socct55flllprowe 0ftraini￿￿Dd1knkth0p5ftst5th0￿5 #nd carthrJO*rtsthts
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nd culNrrovttthrp&%t 704 ytats fA)mUY(#Jtof)thd(Mnty¢ani tb# th75ye*5woywm¢i¢)rnbLD¢dfatt ￿￿'5￿y5￿.actr￿ty,
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hzrd on fundra￿Tr8 tOSllPPDY4thtst. Ill <on(lusiorK 2020.21 ￿r￿S the ML%tsJthed viabilityol
￿eTr￿Lets(ontirrn th41 thryh CthDp1￿d 4 dthe(knilieS Att 2011 toba*tthhtTe84Tdth thc
Aic knitfitwda.- pthwh¢dbyth¢
Thetharftymadèn08ratsthi4￿f.
Fkn•ndalllÈ¥6thw
The Charfry hddsa small reserveof..
ofie5trirted fvTrdsalt￿ beap*dtofvlwe¥l*th•KI
£14,081 olthrestn¢ted fundsatthe wjrfof the￿ark*U[h ￿11 be •ppI￿l￿fVI￿e ￿tI￿dES.
ThE CharStyo*iates I￿Sand1h￿￿or¢ ha5fflirtrrd
The CompaDyincorparated 24 September 2014as a ComparryUmitedbyGuaranteeand i5K(hYrnEd hfits MEm(nnthJrn aDdknhdes
TrusteesarèapwxfitÈd theirsklll and *tMffiIiO ¢thtrknttythÈCh¥ityi*lecihY. Eathwr¢W* INrd%hallreiSrÈfrnm
a￿1£￿. il in ¥reemenl. siandfor rMle¢kn In ar¢vrntsrtr*ith theth•tiiEsArtKlty atthe lorthcamin8AGM
Steve Maiw%%rfII rEt￿lre￿n

SYAIE i*TA115r
Povl Lattd
Steve Main8Pt
Colin
Sophie fta5mu5￿
ThE TruStÈes Iwhoare alsothe DYe<tor5 015t￿e0ffn￿1fOr the Wr[￿01[¢￿￿Wl are resrthsthforpreparinÉ
thefinant￿ ststemEnts 41 actsYdancewiththE tJnrtEd (Vnhd Kingd￿ GertrthAcctpted
k£ovntm8 Practice) and 3pplcablelawandre8utst￿.
Mr. Stephen P13rthall
p￿r￿VI8011ke
Barn ￿ Cotw,
underdo￿ Farm.
Uppottuy.
Oevon. EX14 9)R.
09234089 The Ch¥ityls*i<crpry*ed ardwa
J16UJ7S
Ld8h Croft,
erfd￿ Road.
Laih Woods.
NOrthSrnrso¢ 8583PE.
Cothpanylavj r¢otyresthETrusteeS toryEpare finJ*£ialstatementsforeathfinafiualy. Under(ownvWtheTYustees
fflL￿ appro¥e thefinancthlstatements thtyare&itsfiedthattlwyrt at1vE￿d ￿lr￿￿WOfthtsts￿ ofaffws
ofthe ch3ffltablewMpanywd ¢s irKcffliry re50urre5 and intrA￿￿and e4>enditwe, lor
thatperknd. kn preparin8Thesefinandalst•temehts, theTfu%￿eg￿e req￿re￿ t
selecl ￿￿tA¢acto￿￿fl￿ aPptylhth￿
oIMThe Ihernelh4x15 Ch¥it￿S0RP",
makr ju*emtntsand estmales that¥e reasonat4Eand Txuda
ststrwthether a￿lcalle UKA¢ctyJntiwStaDdard514vEbeenfolWsub1Èrttoafvyh)#erlaldep¥￿rQ%
dts<kJsed and ewlained in the finaDc4IIsfalements:
prepa￿ thefIn￿cial5t•teMents￿ the¢ryMTr4 bastsunlES5tt tskwr4Y4Letowestsme thltthed￿r*ab
¥npaThy &thll in
TheTrnstEES afE fespthsIiIEfLY teEriwadequateaccath recrrfdsthawesthirtto thEtharitable
conwanVstran$3CtIM5 7￿d di5dose reasonat4eacav￿a1 anytwble thEfinanttsl rx1sith￿0*thetharitab1e￿rn￿nV
and enatslÈ thomt0*hsurèthaithefin￿ua ststernents￿rnE*?￿Ith the t￿￿￿nY&SArt2(l)s Theyarèakn rÈS￿n￿￿￿tr
fraudanoothef wr￿ular￿￿5.
The arnual re￿rtw¥S3pWtsVed bytheTrtweesolthe th¥ityon 7th. ￿￿￿r￿[lo21knds¥rttd behaftrr.
Mr. pa￿ Land
thalnnan

srATE C*TrU51
IFWENDENT EXAMWIER'SAEPORTTOM TrUSVEESOF5TATE OFTRiST
I reprrt￿ thEacrwnts oftheChafftyfurthE yehded ￿￿embe1 ion ￿Nch¥e 5elwt¢Jnpage$6ty IL
YoufattEnknOn isdrawn tothefartthatthechantyhas kyepared the F1n•Ki#1St•tth￿ kcouDtinB4nd
epr￿￿ b¥Charrt￿ PTeparingtheir acccwts kn awlicat4p the UK a￿d
¥lewts*( Llltpland IFR51011 in prefefen¢eiOtheAtts￿ftbn1 and ReporUrrf by th¥irie5.' statem￿10￿Re(offiw￿t￿ Practke
2CI)5 rel4¥redtDin exwi wrthdrn*ft.
We understand thaithis has i*en dobÈin wder forthe aC￿￿￿ts ¢￿*Th￿f￿r*￿eWth xcordancewththe
Geller31￿ Acceoed Ac¢c4Jntin8 PraLti￿ efferri¥e IDr rÈfrtMtln8 wiL41s*knni￿on orafter I laTruary2015.
TheTru5tee5 lwhoareatsoDirert￿srffhe ¢Otn￿l￿Vf￿f wipos¢sof companylawl are re5POn5*JtfwthpwepbrètK>ll ofthE
Ithe 2011 ktl and t￿t a# I￿ente￿a￿￿￿￿t￿lS r￿eded.
saUsfie& ￿￿1$￿t1￿ch￿￿Y ￿ rnt 5L*4eEt el￿"t￿ef￿Kthpendertl
eXJmlnèti￿. ttis myresponOATrto'.
eXarn￿ethe attourrts urKler section 145olthe2011
14515Kblofthe2011 *4tr. ¥n
t05Ute ￿ther prtitiAxm*lersha¥et¢￿e tomyatterrtion.
indudes • reviewoFlheaccvuntin8reuwds kept tythe Charityand a ¢￿vriS￿Ofthc xyfwrrt5 wESetrted*th Ih(Ke
yov 4$ Tntstees¢on¢pmkn8•ww¢h matters. T1*W(￿￿re5 w&rEaken &) nOtwoNwJe¥ltTr￿ P￿enCe thatw(¥JW be
rEqiwred inan auilit ¢pwUenYY￿￿￿lnh?n S8f¥en astO¥¥hetheTthearrW￿ wesenta'lA* and ￿1VieW. the
rèwt lslwnited ttstknè mattttsset ¢)Jt wlthestaternentbeknw.
In ￿￿DeCI￿nwrth mvexaminth. no matterha5comety rny atteptkn..
wffle a ie3SCffj3t4e Giuse robelif4Eth* ￿ any nwlcr￿lIr5￿I thEwwtfflENts'.
. tokfeg a¢t¢Nml¥y rEt(*dsknac(¢xdance¥Jah 5ecixffj ￿0fthe Ctynparues Art 3￿",
settit￿ 396oftht CompanlesAct 2LK6and the TrbEthrotsand Kmintw ￿the&￿t￿MEnt c<Recon¥neTrJed
Practke.. AccounOn8and RewDn& by Chafi*s.
Ro¢er&Jtton
Lash Croft.
8ridge Aoad.
L￿sh Wooth.
North 5omerxos83PE.

srATE Cf Tru
STATEpAEKf OFAIIAFKIAL*£nvmESFCIIThEVEAR E1rntr305EmMW¢2021IIMCUKMIGllltriME *M)
Tot
InEome ar￿ Er￿0¥mI￿SIr￿m.
£ioJ
£ioIxK*
£78.917
£8&917
Grant5& Dmatk
Tot4 Income
ÉW17
917
£io.o)J
Charitable
E3L541
LYI
Total ￿enth￿re
£31541
£0
UL541
£47.376
£57,376
É47.376
£iomi
£57.￿6
Tpta Funds*owhtF¢)n¥ard
U9,5
£4Xel
£23.611
Totsi FunLls(arrW F¢ywxd
io
66.
£14XffjI
£80,%7
Total
th)rTI*￿ Acti￿lIEs
Gtants & Don1￿0￿$
Trtal l•come
EI52D
£i,s?o
£19,sao
£ii.(
£19.5XI
EJ.520
Expendttweon:
(19.165
TcrtalEwtndfturt
£19.L
£0
£19.
£465
EA.S20
£1.985
f4S
£i.S20
£1,9A
Totsl Fund5 ero￿htFrmw¥d
£21.626
￿?1￿?6
Total FuThd5 Carl￿d FrKward
£22.flJl
£1.520
03.611
lof the Char4ty5 ￿t￿lI￿der￿¢ fromcorfinyryoperati1>155
The brea￿￿￿￿*(*2￿I8art￿ 2019areshLwm ￿ Ilote

STATE OFTriW
DEbtor5
C4sh at andihh8nd
£0
£23,￿?
£21827
E81.320
£81.320
£33
£216
N•iAs#tsmb¥uii¥l
.987
£13,611
unrestrirted Fuy)ds
Resirtted Inccffj* Fur*5
£14.￿1
£66.9
£4.L¥l
£19.530
T•tsl Fypds
£WJ.987
£23,611
For the finantsal year ended 305eFrtefflber 2021 the(￿3￿YWa5cTr￿ed w exem[￿frC¥naUd￿￿￿￿SECbOti477•l
Cornw￿$￿1 2C116 relatin£ tosrn*l cornpaDie
mernlxts have not rcqi4rEdthe (h￿lty￿00￿I1lTr an hi q￿t10Th in accor4$
th Sett￿￿476.. •nd
attaunknty retrffjd53r￿ proparnkn ofacoiunts.
Ibesea¢((Wthts havebtrn in widaKevitithe kym15iry￿￿ppkn￿etot￿M￿a￿*&Su¥e(l1oEhe sTrall
tarnPan￿s rÈ8lmÈ.
Thefinlrwil ststrrnerfs rnpw$6fO b¥theTnu*e& lth. lahu¥¥2021and
dohtheir behawknr.
Mr. Paul Land
Charnan

STATE OFTrUST
ThewncipalattoLmVn£ policie5 appw in the preparabw ufthE3efina￿￿l$￿tCTh￿￿$we Thesewjltr
have beem corysistentlyap￿￿d1OJll ofthe yeary pruemed. unless LtheM5e s￿rt.
financlal staEements been prewed kn auoroancewth and Ryniwby a*ri¢Y%.'
StJtement of Recommended PrdcD<e apk4uYe iotharitie5 weparirytthwr¥wuntsinacctydèr*2with ￿ ￿￿nflI1
Standard aprIca￿e{￿ the UK and Republical lieland IF%$102lIeffttb￿ I larvJary2Ots1-{O¥rIt*s￿p IFRS10211, th
Flnancia RtPDrnngStandard app**￿￿the UK and RewkAKc*trelWdlFAS102l*￿ttec￿l￿￿Art2r(
srèLeolTrustmeets the deftNMn PL*IK i￿er1[ enutyunder FRS102. ASSets￿d kaWleS¥en**￿￿M5¢dIt
hthlitalc¢%%t or trartsacrth ¥abJe urtess Othe￿Se staled tr¢the r*￿VanIac￿￿￿t￿S pob.cy ThDte5.
The TNst*ÈSt0￿￿￿fth3ttherÈJre ¢h)matorS¥ abrmrtthe Ch¥itys 3 ￿r*conCern nL¥any
Siwthtsrtareas of UntÈrtak*tytF&taffe<tthe L¥rwnRvalueassetshÈld bythechwty.
TrJnsitron to FRS 101
Chart￿$s(wip FRS 1023 rtrstatemeDt ofcompxNe item5¥Ja5 rewThl. arerewred J5 a reyjt ofthr
tran￿tiOn ID FRS 102.
ItKoffle
Income15 rKogTh5ed inihe *tEmentoffiha￿I A¢rTknswhEnthEChxltybÈtames eniwt0the￿Ces', r[￿ more
likdylh*fiollhatthe Trustees re¢eiveth¢ rvspJitys," the n￿￿￿￿￿je£￿n be mea5uved th sufficiem rdiJbdrtv.
Abl expend￿Ure i%Tec0wi￿eé oNe there ts a *10r(on5ty￿ff¥y obhg3Don tothat ekFfft*rtwe. ft 15 pr¢thkde that5eWernent
Is iequiredaDd the bE measL¥ed rdwbty. costs ¥e¥lo*atedtothe eWdIEU￿ that
a￿relate$1MI..1è1Coststoth3t¢ate8lWY. Wlwe c4)5ts ran1￿ beilir¢¢tI¥attn￿ tts Por￿l￿r h¢adingstheyhkn*been
all(￿ated on a ccffisisteni withtheu5eof re5owcE& with(cntarf 5t*tcostsilMK31ed ¢￿the ba5LsoltsmÈ
deprec53t￿Tr thar6esaHoc*d wthe porDmoffv a$5efs yse. {x￿￿¢￿Strafea￿aledè15ed on theswead ofstaff
f05t
Charitable ewndr¢urEU￿Vl5eSthts￿ tDKts iThturted ￿the Chatityin thede**ryolos aawitse5and ser1rycesfr￿ it5
benEfi<l￿*s. It Ind￿deSIx￿h th•tcan btallrxated d*ectytO s￿haC1￿￿eSaThl th￿(05￿&￿Tr iTrdwettnJtyre
nete$5aryto suoprtthem.
T￿CharI￿reCeived no6￿r￿￿ent6Tr￿ts.
Thecharlty & considefedtOPa5sthete5ts Set outln P•raernph I SthÈdLts6ofthe ￿113*)￿ kf20l0￿thereIrye irff￿￿the
definitfjonof a charitat4ecompanyfvr Uk wrporalx)nt•xwiKxJSes. Atcordith.the Ch)nty r& weDiiJlty exemptfrorn tsxatyon
In respect ofincomeat t3pital8a￿S receTh*d wthn£ate8rffts covered bvchapter JP¥rt Ilvfthe CrywrtK)nTaxAtt 2010or
Section 256althè T3¥attt￿ 0fCh￿ea￿e Gams *r 1993. Totheexrenith•T s¥th ryAalns a￿ appllÈd excluswto

STATE
I•)TESTOTl+t AIWKIALSTAItIWlTSFThiTHÉYEAIEIUD*JSEPTEMBEV12019
Ty3th debtors aTe4M￿￿￿tsthe ¥rfffi cu5té**Èrsf￿ffterchIrthÉ soh1 or sfftfjces perttymeen theordtharyctyJy5e al￿1￿
Tvade de￿or$ are recogTrI5ed jnff6Jl¥at the tran5allhJn wice. atthe amtsrtWc05t ￿￿nI
then thwe i&obJe<tfve tholthe Chartywhl nute atr4e to t(l￿t *1 am0unts¢*Jex￿rd1r8to0r*ITr￿ twm50fthe
Cash and cash equNalents Cl￿r￿(a￿(M havdand am ralderthits. arNI ¢thtrshtsrt.termhith kqubj in¥esrm2n15 thaE
are read4y COrNertty￿10a knL*VD amountof cash and arewbJ"Éd t03n rtsk0ltha￿e *i value.
Tvddo Ci
l￿deUt￿￿or$3re payforzoods or Servi￿th* hwde ￿U*r*￿ ththÈf*dIharyc￿JrSeOf busknEss frcm
s￿￿$1er5. *l¢counts payableare da55thed as cwren¢l*bliHt￿ rfthe Ch¥itydL* Mt h￿an un¢oD¢fft￿rw1￿hl. * ihe
011￿ reportiry pu￿, tO￿leT 5ettthenif(rf*leottwEK￿ mohths afterthe rtKK)W dath. 11 there n4 an unwTh4itw)rnal r¥hi
todefer Sett￿meN for at ka5Ett¥eNY mryrth5 afterthe¥eryth d*. tt*artryesentrdas non￿ent￿0t￿l￿e5.
elfe<tK**nterest rn*trw>J.
Unrestr￿ted In¢•mefLvwJs*e yner41ttffK15 th#¥e•¥alat4Èkf ¢￿e *theT1115tee5' ¢h5ryetlr￿lnthe fvrthef3t*e t*lh
obJ'ecti¥¢s ofthÈ Ch*ty.

STATE OFTrVST
P40TESTOIHEHWIIKIAisfATfMEiifsFOVIMYEAVI EIIDED30SEPTEMnER2011
IRi1$T￿ REMW4EAAnU4•M> EXPEIISES
oTrustee5. Trorany per5an510rwiertÈd Withthem, rec•%*daryremurwaticffj frrmthe(har1ty￿￿ryth￿￿4r.
& TAXATIOII
Thetharity reEisterEdthathandlsthet*fty**x•wrtftwtsx#kn.
Prepayments
& CAÈDrfoR*.AMOiIIITS FAUIIG lirynmll WYE*JI
Trade Creditors
5Marsh
PKcw* l>erarW￿rt (redrfttsd
£295
e141
E333
£216
OIARIT*W STATUS
ThèCharsf¥ K5 a ch¥ity limited by8uawantee andc(rfwquen¢tyi&xs hknYth3te<apital. Eath oftheTnvstees is hatrde to
Ith FUNIIS
UTrre5trthd6eTry¥
Funds
ta.￿1
uo.I
i•,crfi
Unrestricted Geneial
£21.626
£i%o
£4,r*i


## **Trustees’ Annual Report for the period** 

**From Oct 1[st] 2020                  Period start date   To                   Sept 30[th] 2021              Period end date** 

**Charity name: State of Trust** 

## **Charity registration number: 1160275** 

## **Objectives and Activities** 

||SORP reference||
|---|---|---|
|Summary of the purposes of<br>the charity as set out in its<br>governing document|Para 1.17|**To promote the arts for the public benefit in**<br>**particular, but not exclusively, the arts of**<br>**dance, music, poetry, photography and film**<br>**making. **|
|Summary of the main<br>activities in relation to those<br>purposes for the public<br>benefit, in particular, the<br>activities, projects or<br>services identified in the<br>accounts.|Para 1.17 and<br>1.19|**In 2020-21 State of Trust delivered a**<br>**successful programme of training and**<br>**workshops for schools and care home**<br>**residents in Somerset under the title 'Where**<br>**Is Home?' This project. funded by**<br>**HPC/Somerset Community Fund, employed a**<br>**team of dance professionals and educators to**<br>**work inter-generationally and to explore**<br>**issues of identity and belonging in West**<br>**Somerset communities. In 2020-21 State of**<br>**Trust conducted an R&D project. 'Coleridge**<br>**Unbound', funded by Arts Council England,**<br>**which commissioned renowned Black**<br>**choreographers and dance artists to create**<br>**new site-specific work and dance film in**<br>**response to the writing of poet Samuel Taylor**<br>**Coleridge and his stance against slavery in the**<br>**!ate 18th Century in the West Country and**<br>**further afield. In 2020-21 State of Trust was**<br>**successful in raising funds from MHCLG via**<br>**Near Neighbours (formerly Church Urban**<br>**Fund), towards the cost of delivering another**<br>**year of 'Remembering Windrush', including**<br>**live performances, new music composition,**<br>**workshops in schools, online classes and live**<br>**ZOOM panels around the theme of Windrush**<br>**and the contribution of African Caribbean**<br>**people to UK society and culture over the past**<br>**70+ years. Coming out of lockdown meant**<br>**that this year's programme combined face to**<br>**face 'physical' activity, alongside 'virtual'**<br>**online work. The year included successful**<br>**applications to Somerset West & Taunton**|





|||**Council, Sedgemoor District Council, This Girl**<br>**Can, and the development of a bid to Arts**<br>**Counci England for 'Cane Warrior, an**<br>**adaptation for dance theatre of author Alex**<br>**Wheatle's critically acclaimed novel of the**<br>**same name, involving multiple partners**<br>**including Bristol Old Vic, Rambert, Black**<br>**Cultural Archive, Book Clubs in Schools,**<br>**Lambeth Borough Council, Bristol City Council**<br>**and the Jamaican High Commission. During**<br>**the year State of Trust concentrated a lot of**<br>**effort on creating significant partnerships for**<br>**potential new projects and worked hard on**<br>**fundraising to support these. In conclusion,**<br>**2020-21 can be viewed as another year of**<br>**progress towards the sustained viability of**<br>**State of Trust and of its philosophy of socially**<br>**engaged artspractice.**|
|---|---|---|
|Statement confirming<br>whether the trustees have<br>had regard to the guidance<br>issued by the Charity<br>Commission on public<br>benefit|Para 1.18|**The trustees have reviewed the guidance**<br>**issued by the Charity Commission on public**<br>**benefit.**|



## **Additional information (optional)** You may choose to include further statements where relevant about: 

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other 

## **Achievements and Performance** 

SORP reference 



|Summary of the main<br>achievements of the charity,<br>identifying the difference the<br>charity’s work has made to<br>the circumstances of its<br>beneficiaries and any wider<br>benefits to society as a<br>whole.|Para 1.20|**Since its inception in 2013 State of Trust has**<br>**provided a platform for many emerging and**<br>**established artists, particularly Black and**<br>**ethnic minority artists. State of Trust’s**<br>**support has influenced the skills and career**<br>**development of artist beneficiaries. In 2020-**<br>**21: 1) the Where Is Home? project provided**<br>**opportunities for artist beneficiaries to pass**<br>**on skills and knowledge and to deliver a**<br>**programme of learning to mixed migrant and**<br>**indigenous communities in West Somerset**<br>**through schools’ workshops and visits. As a**<br>**result, local children and young people**<br>**learned empathy with others of different**<br>**backgrounds. The wider benefit to society is**<br>**improved race relations and social cohesion;**<br>**2) the Coleridge Unbound project provided an**<br>**opportunity for artist beneficiaries to examine**<br>**the work of Coleridge as an abolitionist and to**<br>**respond creatively through choreography and**<br>**music. Via meetings with local community**<br>**groups and workshops in schools, local people**<br>**including children got to learn about their**<br>**own local history in relation to S T Coleridge**<br>**and the transatlantic slave trade/abolition**<br>**movement. The wider benefit to society is**<br>**improved understanding of shared history and**<br>**greater community cohesion; 3) the**<br>**Remembering Windrush project allowed a**<br>**group of musicians and dancers including**<br>**original Windrush generation contributors to**<br>**create new music and choreography, to teach**<br>**about the Windrush Generation in schools**<br>**and colleges and to engage with many**<br>**hundreds of people in the form of live**<br>**performance, and online in the form of live**<br>**panel discussion and debate and online**<br>**classes. The wider benefit to society is**<br>**increased knowledge of the Windrush**<br>**Generation, and of Britain’s relationship with**<br>**the Caribbean and Caribbean culture, thus**<br>**aiding community cohesion and integration;**<br>**4) the Cane Warriors project, although only in**<br>**its planning stage, sparked debate between**<br>**partners and supporters and served to**<br>**increase awareness of slavery and Britain’s**<br>**historic relationship with Africa and the**<br>**Caribbean over 400years+.**|
|---|---|---|



## **Additional information (optional)** You may choose to include further statements where relevant about: 

|Achievements against|Para 1.41|
|---|---|
|objectives set||





Performance of fundraising activities against objectives Para 1.41 set Investment performance Para 1.41 against objectives Other 



## **Financial Review** 

|**Financial Review**|||
|---|---|---|
|Review of the charity’s<br>financial position at the end<br>of the period|Para 1.21|**The Charity operates on a project-by-project**<br>**basis and therefore has minimaI overheads.**|
|Statement explaining the<br>policy for holding reserves<br>stating why they are held|Para 1.22|**At the end of the period, the Charity held a**<br>**small reserve of £66,906 of restricted funds**<br>**which is allocated and will be applied to**<br>**specific future projects/activities, and**<br>**£14,081 of unrestricted funds.**|
|Amount of reserves held|Para 1.22|**£80,987**|
|Reasons for holding zero<br>reserves|Para 1.22||
|Details of fund materially in<br>deficit|Para 1.24||
|Explanation of any<br>uncertainties about the<br>charity continuing as a going<br>concern|Para 1.23||



## **Additional information (optional)** 

You may choose to include further statements where relevant about: 

||||
|---|---|---|
|The charity’s principal<br>sources of funds (including<br>any fundraising)|Para 1.47||
|Investment policy and<br>objectives including any<br>social investment policy<br>adopted|Para 1.46||
|A description of the principal<br>risks facing the charity|Para 1.46||
|Other|||





## **Structure, Governance and Management** 

|Description of charity’s<br>trusts:|||
|---|---|---|
|Type of governing document<br>(trust deed, royal charter)|Para 1.25|**Memorandum & Articles of Association**|
|How is the charity<br>constituted?<br>(e.g unincorporated<br>association, CIO)|Para 1.25|**Company Limited by Guarantee without a**<br>**share capital**|
|Trustee selection methods<br>including details of any<br>constitutional provisions e.g.<br>election to post or name of<br>any person or body entitled<br>to appoint one or more<br>trustees|Para 1.25|**BOARD OF DIRECTORS**<br>**The number of the members of the Board of**<br>**Directors shall never be less than 3 and, until**<br>**otherwise determined by a General Meeting,**<br>**shall not be more than 7.**<br>**The Board of Directors may from time to time**<br>**and at any time appoint any member of the**<br>**Company as a member of the Board of**<br>**Directors, either to fill a casual vacancy or by**<br>**way of addition to the Board of Directors,**<br>**provided that the prescribed maximum be not**<br>**thereby exceeded. Any member so appointed**<br>**shall retain his or her office only until the next**<br>**Annual General Meeting or election ballot,**<br>**but he or she shall then be eligible for re-**<br>**election.**|



## **Additional information (optional)** You may choose to include further statements where relevant about: 

||||
|---|---|---|
|Policies and procedures<br>adopted for the induction<br>and training of trustees|Para 1.51||
|The charity’s organisational<br>structure and any wider<br>network with which the<br>charity works|Para 1.51||
|Relationship with any related<br>parties|Para 1.51||
|Other|||



## **Reference and Administrative details** 

|Charityname|**State of Trust**|
|---|---|
|Other name the charity uses||





|Registered charitynumber|**1160275**|
|---|---|
|Charity’s principal address|**15 St Peter Street**<br>**Tiverton**<br>**EX16 6NU**|
|||





## **Names of the charity trustees who manage the charity** 

|1<br>2<br>3<br>4<br>5<br>6<br>7<br>8<br>9<br>10<br>11<br>12<br>13<br>14<br>15<br>16<br>17<br>18<br>19<br>20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**<br>**year**|**Name of person (or body) entitled**<br>**to appoint trustee (if any)**|
|---|---|---|---|---|
||**Paul Land**|**Chair**||**Board of Directors**|
||**Steve Maingot**|||**Board of Directors**|
||**Sophie Rasmussen**|||**Board of Directors**|
||**Colin Mayes**|||**Board of Directors**|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
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||||||



## – Corporate trustees names of the directors at the date the report was approved 

**Director name Paul Land Steve Maingot Sophie Rasmussen Colin Mayes** 

Name of trustees holding title to property belonging to the charity 

**Trustee name Dates acted if not for whole year** 



## **Funds held as custodian trustees on behalf of others** 

Description of the assets held in this capacity 

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets 

## **Additional information (optional)** 

## **Names and addresses of advisers (Optional information)** 

|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of**<br>**adviser**<br>**Name**<br>**Address**|||
|**Secretary**|**Stephen Marshall**|**15 St Peter Street, Tiverton EX16 6NU**|
|**Chartered**<br>**Accountant**|**Roger Sutton**|**Leigh Croft, Bridge Road, Leigh Woods, Bristol, BS8 3PE**|
||||
||||
|**Name of chief executive or names of senior staff members (Optional information)**|||
|**Deborah Baddoo MBE, Artistic Director**|||



## **Exemptions from disclosure** 

Reason for non-disclosure of key personnel details 

## **Other optional information** 



## **Declarations** 

**The trustees declare that they have approved the trustees’ report above.** 

**Signed on behalf of the charity’s trustees** 

|**Signature(s)**<br>**Full name(s)**<br>**Position (eg Secretary,**<br>**Chair, etc)**<br>**Date**|||
|---|---|---|
||**Stephen Ross Marshall**||
||<br>**Secretary**||
||**13th May 2022**||
||**13th May 2022**||





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£23,611
For the finantsal year ended 305eFrtefflber 2021 the(￿3￿YWa5cTr￿ed w exem[￿frC¥naUd￿￿￿￿SECbOti477•l
Cornw￿$￿1 2C116 relatin£ tosrn*l cornpaDie
mernlxts have not rcqi4rEdthe (h￿lty￿00￿I1lTr an hi q￿t10Th in accor4$
th Sett￿￿476.. •nd
attaunknty retrffjd53r￿ proparnkn ofacoiunts.
Ibesea¢((Wthts havebtrn in widaKevitithe kym15iry￿￿ppkn￿etot￿M￿a￿*&Su¥e(l1oEhe sTrall
tarnPan￿s rÈ8lmÈ.
Thefinlrwil ststrrnerfs rnpw$6fO b¥theTnu*e& lth. lahu¥¥2021and
dohtheir behawknr.
Mr. Paul Land
Charnan

STATE OFTrUST
ThewncipalattoLmVn£ policie5 appw in the preparabw ufthE3efina￿￿l$￿tCTh￿￿$we Thesewjltr
have beem corysistentlyap￿￿d1OJll ofthe yeary pruemed. unless LtheM5e s￿rt.
financlal staEements been prewed kn auoroancewth and Ryniwby a*ri¢Y%.'
StJtement of Recommended PrdcD<e apk4uYe iotharitie5 weparirytthwr¥wuntsinacctydèr*2with ￿ ￿￿nflI1
Standard aprIca￿e{￿ the UK and Republical lieland IF%$102lIeffttb￿ I larvJary2Ots1-{O¥rIt*s￿p IFRS10211, th
Flnancia RtPDrnngStandard app**￿￿the UK and RewkAKc*trelWdlFAS102l*￿ttec￿l￿￿Art2r(
srèLeolTrustmeets the deftNMn PL*IK i￿er1[ enutyunder FRS102. ASSets￿d kaWleS¥en**￿￿M5¢dIt
hthlitalc¢%%t or trartsacrth ¥abJe urtess Othe￿Se staled tr¢the r*￿VanIac￿￿￿t￿S pob.cy ThDte5.
The TNst*ÈSt0￿￿￿fth3ttherÈJre ¢h)matorS¥ abrmrtthe Ch¥itys 3 ￿r*conCern nL¥any
Siwthtsrtareas of UntÈrtak*tytF&taffe<tthe L¥rwnRvalueassetshÈld bythechwty.
TrJnsitron to FRS 101
Chart￿$s(wip FRS 1023 rtrstatemeDt ofcompxNe item5¥Ja5 rewThl. arerewred J5 a reyjt ofthr
tran￿tiOn ID FRS 102.
ItKoffle
Income15 rKogTh5ed inihe *tEmentoffiha￿I A¢rTknswhEnthEChxltybÈtames eniwt0the￿Ces', r[￿ more
likdylh*fiollhatthe Trustees re¢eiveth¢ rvspJitys," the n￿￿￿￿￿je£￿n be mea5uved th sufficiem rdiJbdrtv.
Abl expend￿Ure i%Tec0wi￿eé oNe there ts a *10r(on5ty￿ff¥y obhg3Don tothat ekFfft*rtwe. ft 15 pr¢thkde that5eWernent
Is iequiredaDd the bE measL¥ed rdwbty. costs ¥e¥lo*atedtothe eWdIEU￿ that
a￿relate$1MI..1è1Coststoth3t¢ate8lWY. Wlwe c4)5ts ran1￿ beilir¢¢tI¥attn￿ tts Por￿l￿r h¢adingstheyhkn*been
all(￿ated on a ccffisisteni withtheu5eof re5owcE& with(cntarf 5t*tcostsilMK31ed ¢￿the ba5LsoltsmÈ
deprec53t￿Tr thar6esaHoc*d wthe porDmoffv a$5efs yse. {x￿￿¢￿Strafea￿aledè15ed on theswead ofstaff
f05t
Charitable ewndr¢urEU￿Vl5eSthts￿ tDKts iThturted ￿the Chatityin thede**ryolos aawitse5and ser1rycesfr￿ it5
benEfi<l￿*s. It Ind￿deSIx￿h th•tcan btallrxated d*ectytO s￿haC1￿￿eSaThl th￿(05￿&￿Tr iTrdwettnJtyre
nete$5aryto suoprtthem.
T￿CharI￿reCeived no6￿r￿￿ent6Tr￿ts.
Thecharlty & considefedtOPa5sthete5ts Set outln P•raernph I SthÈdLts6ofthe ￿113*)￿ kf20l0￿thereIrye irff￿￿the
definitfjonof a charitat4ecompanyfvr Uk wrporalx)nt•xwiKxJSes. Atcordith.the Ch)nty r& weDiiJlty exemptfrorn tsxatyon
In respect ofincomeat t3pital8a￿S receTh*d wthn£ate8rffts covered bvchapter JP¥rt Ilvfthe CrywrtK)nTaxAtt 2010or
Section 256althè T3¥attt￿ 0fCh￿ea￿e Gams *r 1993. Totheexrenith•T s¥th ryAalns a￿ appllÈd excluswto

STATE
I•)TESTOTl+t AIWKIALSTAItIWlTSFThiTHÉYEAIEIUD*JSEPTEMBEV12019
Ty3th debtors aTe4M￿￿￿tsthe ¥rfffi cu5té**Èrsf￿ffterchIrthÉ soh1 or sfftfjces perttymeen theordtharyctyJy5e al￿1￿
Tvade de￿or$ are recogTrI5ed jnff6Jl¥at the tran5allhJn wice. atthe amtsrtWc05t ￿￿nI
then thwe i&obJe<tfve tholthe Chartywhl nute atr4e to t(l￿t *1 am0unts¢*Jex￿rd1r8to0r*ITr￿ twm50fthe
Cash and cash equNalents Cl￿r￿(a￿(M havdand am ralderthits. arNI ¢thtrshtsrt.termhith kqubj in¥esrm2n15 thaE
are read4y COrNertty￿10a knL*VD amountof cash and arewbJ"Éd t03n rtsk0ltha￿e *i value.
Tvddo Ci
l￿deUt￿￿or$3re payforzoods or Servi￿th* hwde ￿U*r*￿ ththÈf*dIharyc￿JrSeOf busknEss frcm
s￿￿$1er5. *l¢counts payableare da55thed as cwren¢l*bliHt￿ rfthe Ch¥itydL* Mt h￿an un¢oD¢fft￿rw1￿hl. * ihe
011￿ reportiry pu￿, tO￿leT 5ettthenif(rf*leottwEK￿ mohths afterthe rtKK)W dath. 11 there n4 an unwTh4itw)rnal r¥hi
todefer Sett￿meN for at ka5Ett¥eNY mryrth5 afterthe¥eryth d*. tt*artryesentrdas non￿ent￿0t￿l￿e5.
elfe<tK**nterest rn*trw>J.
Unrestr￿ted In¢•mefLvwJs*e yner41ttffK15 th#¥e•¥alat4Èkf ¢￿e *theT1115tee5' ¢h5ryetlr￿lnthe fvrthef3t*e t*lh
obJ'ecti¥¢s ofthÈ Ch*ty.

STATE OFTrVST
P40TESTOIHEHWIIKIAisfATfMEiifsFOVIMYEAVI EIIDED30SEPTEMnER2011
IRi1$T￿ REMW4EAAnU4•M> EXPEIISES
oTrustee5. Trorany per5an510rwiertÈd Withthem, rec•%*daryremurwaticffj frrmthe(har1ty￿￿ryth￿￿4r.
& TAXATIOII
Thetharity reEisterEdthathandlsthet*fty**x•wrtftwtsx#kn.
Prepayments
& CAÈDrfoR*.AMOiIIITS FAUIIG lirynmll WYE*JI
Trade Creditors
5Marsh
PKcw* l>erarW￿rt (redrfttsd
£295
e141
E333
£216
OIARIT*W STATUS
ThèCharsf¥ K5 a ch¥ity limited by8uawantee andc(rfwquen¢tyi&xs hknYth3te<apital. Eath oftheTnvstees is hatrde to
Ith FUNIIS
UTrre5trthd6eTry¥
Funds
ta.￿1
uo.I
i•,crfi
Unrestricted Geneial
£21.626
£i%o
£4,r*i