STATE OFTRVST (ACOMPANY UMITED BY GUARANTEE) DIREcfoR'S REPOBT AND FINANCIAL STAYEMENTS FOR THEYEAR ENDEDaosEPTEMbER 2025 ReBfsiEred tlo.. 09234089 Charlty Re￿$tra￿On Number.. 1160275 CONTEThrts T￿￿tee5, Report itoi Independent Éx•min•rfs Report Statemertof Flnahtlal Artlvltes Bol•n¢¢ sheet Not05 tothe Flnandal Ststements 6t07 ATE OFTRUST TRUSTEES, REPORT TheTIu5tees, who are dirertorsfor the purposes of cornpany l?w. piesent the annual report tO8ether with the finanual statements cfthe charitable iornpany forthe yearended 305eptember 2025. TRUSTEes Paul Land Kathryn Davies Steve Maingot Colin Mayes Sophie Ra5mussen- resigned 27January 2025 Objetts and Alms The Charity ex15tsto ptornotethe art5for the publlc benefrt In Part￿ular. butnot ex(lu5wE￿. the art5 of dance. music, poetry, photography and film makine. Actwit4esand PubliLBenÈfft State ofTru5Y5 Create Chat Eatarts and wellbeinB WDTk5hop5 for yuunB people in Taunton have continued to gofrom strength t05trength this year. buildin8 confidence, creatNIty. and real connections across the communlty- The programme attraclsa dNerse mim of yeung people with dlfferent abllltles, backgroynds. and Ilfe experfen¢es, ¢reatyn8a space where everyone feels weltome. valued. and able to take part In theirown way. One particularty 5tronBand meaningful connectlon h35 been with home-schooled childrer¥ iniluding manyyoung peoplewith autlsm. For these partitipants. Createchat EatoffÈrs much morethan an arts workshop. ￿ provides routine, Social contact and a safe, relaxed en￿lronmeTrtwhere they can express themselveswithout prtS5ure. parent5 have shared how valuable it is fortheirchSldren to have a placewhere dffterence 15 ndersiood and celebrated. helpln8to redute tsolatlon and support posltlve mental wellbein& Forthe widergroup, thisrnix of abilitie5 enrouraqe5 empathy, patlence and Understandi￿ 5tren8thenin8 5cclal skillsfDr everyone irwofved. A5some members rtached the upperage limit olthe 8foup* wesaw an opportunStyto Erow the proEramme rather than lose their energy ènd ￿perfence. Thisyear we introduced a tratningand pro8re55ion elemenL supportin6 older part￿1PantS to hèlp deliver sessions¥lon85ide staff. This hasallowed young peopleto develop leadership s￿"11$, confSdence. and respon51bility. whSle acting as posltive role models for younger member> It has also opened potential future pathways ifito Youth worl volunteerifi& and creatlve careers, glvlng pèrticlpants è real sense ihatthelr voices and skllls matter. In ottober, Srate of Trusr delivered 3 vlbrant and joyful black History Month projert that brought people togetherthrou8h dance, food, and 5torytellin£. The prugratnme included dance and cookeryworkshopswlth communlty Eroups, èlonEsSde storytelline sessions for younE people h05Eed in the local libiary. These ¥tNiries created opportunitiesto learn about Black history and culture in an erwgiD& hands-on way, while encourawn8 conver5atTon across generation5 and tommunltles. Thè celebrations culmlnated a famlly performance evenlnR at a local theatre. filled wirh music, dènce and shared Caribbean lood. Farnilies, friends, 3nd community members came together to celebrate creatmty and culture, strengthening comTruDity boDds ¢reating18sfinB memorles. The event helk*d build pride, uDderstsndinE and a seTrseof belonging for Particl￿niS and audiences alike. Both Create Chat Eat and the Black History Month celebrations were reco8ni5ed beyond Taunton. bein8featured a5 case studies in the Somerset Communily Finds Newslerter and annual report ase*arnples of good prartire. This reco8nifion hiehli8hts the impact of inclvsive, community-led arts work and its ability to supwrt wellbein& learnin8 and social connection. We were also Llelighted to See a PDSitive development for a former State tsf Trust proletl The Black Dance Archive Exhibition. PrevioU￿V hDu5ed in a university ¢he*re. the exhibiiion has now bEen taken on ￿ the presti8thStonservètolre TriDIty Laban. This means r( will be permanently available as an edutational resource for students, ensurSng that the legacy of the prole¢t ¢ontinuesto Inftirm, inspire, and edv￿tefutUre 8enerotions of Oantrr5 and art15ts. TheTrustee5 confim) thatthey have tomplied With the requirÈments of Settion 4 of the Charities Act 2011 to have due regard to the public benefit guidan￿ publi5hpd bythe Charitycomfftission for England and Walc Grant MaklnÈ Policies Thecharlty made nogTantsthls year. Fln8theial RÈ¥lew The Charity holds a small reserve of= £11.121 of restrftted t￿ThdS at the etjd Df the yearwhlth Will be applied to future activities and £12,100 of unresiricted funds at the end of the year which will be 3pplied tofuLure aciivlties. The Charity operate5 on a pri>jEtt ba5iFand therefoTe ha5 minirval overhead5. Strutture. Govern3nre and Mano8ernent Ngt¥reol6overninqDorvnrnit The C¢)mpany incorpomed 245eptember2014 as a Company Lirnited by Guarantee and isgoverned by its Memorandum and Aruclesof Assooation. Charf(able status was obtained on 2 February 2Ql5. Re¢rtyltmentondoppolntmentoA T￿￿tee5 Trustees2re appointed fortheir skill ind abilityto Contribute tothe Charity objertives. Each year one thlrd shall retlre from offite, and If In a8reement. stand for re-eleetlon. In accoidance wSth the CharitlesArtldes. atthe forthcoming AGM Steve MaSngot retired from offi￿, and was r&elerted. **2** ## STATE OF TRUST ## TRUSTEES' REPORT ## **Reference and Administration Details** ## **Trustees** Paul Land Kathryn Davies Steve Maingot Colin Mayes Sophie Rasmussen - resigned 27 January 2025 The Trustees (who are also the Directors of State of Trust for the purpose of company law) .re responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) aid applicable law and regulations. ## **Secretary** Mr. Stephen Marshall ## **Principal Office** 15 St Peter Street ## **Tiverton** **Devon.** EX16 GNU ## **Company Registration Number** 09234089 The Charity is incorporated in England and Wales. ## **Charity Registration Number** 1160275 ## **Independent Examiner** Brunel Chartered Certified Accountants 3 Marco Polo House Cook Way Taunton TA2 6BJ ## **Statement of Responsibilities** Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and apply them consistently; - observe the methods and principles In the Charities SORP; make judgements and 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 ongoing 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 are sufficient to show and explain the charitable company's transactions and 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 election of fraud and other irregularities. Mr. Paul Land Chair **Date: 9th March 2026** 5TATEOFTRusr INDEPENDENT EXAM114ER'S REPORT YO ThETRUSTEES OF STATE OFTRUST I report a￿ the attounts of thecharity ftsr theyear ended 30 SeptembEr 2025 areset out4J) pase$ 610 11. Your attention15 diawn 10 the lao that rhe Charity has prepared thE Finanii¥ Statements in ac£ordance with Accountin8and Reporting by Charitie5 preparingtheir accounts in acc(*dance wth the ￿nar￿al Reportin8Srandard applicable in the UK and Republii of Ireland IFa51021 in prefeiance to the Accouniing Reportinz by Chantie5.' StatemEnt Df flecommended P¥aEtice 155ued on l April 2Q05 which is referred to In extant re8vlotiors but has sino beefi y￿hd[0vI￿. We under51and that ihi5 has been donE in order for the actounts io provide a true and faIr￿e%¥ in atr4)rdan￿ ￿th th GenerallyAttEpted Attountin8 Prattice effeaive for reportsn8period5 Qf after i January 201S. Respedi¥e responslbllklesaf IN5teE5 ar¥J Examiner The Trustees Iwho are alsc Dirertws of the cornpany forpuipose5 of (offlpanylawl are reSpUn￿bIe forthe preparation of Ehe accounts. The Trustees consider that an audit 15 nor iéquired lor thisye¥ uoder 5ettion 14411) of ihe Charitie5Acr 2011 (the 2011 Aal and that on independent examination is nEeded. Having satisfied ntyselfthatthechafitv is not svbiertto ludit undercornpany law and 15 elwble turiDdegendent examination. It Is my responsibilityto.. exarnin2 the accaunts under sertlon 145 of the 2011Aa' to follow the procedurES laid down in the General Diwetti0Ths8iven bythecharrty Commis*on under Sertion 14515llbl of Ihe 2DII Aci-, and to state w*etherpartiiular Jnatter5 hèvewme io my attwtion. Bè$15 Otit)depEiident examSne¢s report My examination wa5 carried oul in aiiDrdènce Mth the General Direatons Even b¥the Chariiy Cijrnmtssion. An exarninBtiL includes a reviewo*the attountinÉ recofds kept by rhe Chanty and a i(arnpanson ofthe attouots presented wrfth those records. It aLso Indudesconsideyatiofi of any unuwal itern5 of d*sclosuie5 ID the accovnt¥ and seekinz explaiiaiirhis from you as Trusteu conrernin8 anysuch matter5. The procedures undertèkeTh do nor provide all the evidence that would b required in an audit and consequtriiy no opinion is wven a5 to whether the atcounts Pfesent a'true and fair￿ew. and the report 15 Ilmited ttr Ihose mattw55er out in the ststement below. IndependÈnt Examinerts Statement In connettion With my exarnination, no rnattei ha5tome to my attÈnlion'. %thich gwes rne aftasoDable cause to belleve rhai in any material re5peit the requirernents.. to keep accounting records In accordance with Seciion 386ofthe Cofflpanies Att 2￿6,. and to piepare accoun15 which orcord Viith the accouTrtingfe£oTds. comply wth the ac£ountln8 requiremtrits of Settion 396 ofthe Companies Art 2(￿ and wth the method5and pfinctyilesofthe Statement DFAecommended Practice.. Acctrunting and ReportinE by Chaiit to which. in my opinion, atterntion should be drawn in order to enaNe3 proper understandingolthe accounrsta be rtathed. Chris Cherry FCCA 8runel Charteredcertified AccOunt￿ts 3 Maico Polo House Cook Way Taunton TA2 68) 9January 2026 ST14TE OF TRUST 5fATEMENTOF F114AMCIALA￿1V1T1ES FOR THE YEAR ENDED 30 SEPYEMBER 2025 IINCWOING INCOME AND EXPENDITVRE ACCOUNT AND SYATEMENTOF TQTALRECOGNISED GAINSAND LOSSES) R•strkled Fund$2025 Unr•$trfrted Funds 1015 2025 Note Intome and Endty*rnent5 fr9rn.' Charltable Artivities GFant5 & Donations Total Income £iii(K) £12,100 £16,950 £29.050 £16,950 £16.950 £12,lQO Expendlture on: Charitable Artfvities £23M23 ÉL462 £24,885 Total Expenditure £23,423 £IA62 £24.885 Nat Inoomtr -£6.473 £10,638 £4.165 Net Movprnent In Funds .£6.4T3 £10,638 £4,165 Reconclllèii*Jh uf Funds Total Funds Brought Forward £17,595 £1,462 £19.057 Total Funds Carried Forward Ell.121 E12,100 £23.222 Restritted Fvnd5 2024 Unre#ricted Fund5 2024 T￿al 2024 Note Ir*omeamd Endowmehtsirrffti: £23.612 £23,61Z £30.333 £53.945 Grants& Donations Total Income £30.333 0.333 £23,612 Exp¢ndltyro On.. £43,927 £40.295 £84,222 Total Expenditure £43,927 É40,295 £84.222 Net In¢rJmg -£13.594 -£16,683 -£30,277 Ilet Pthi¥ement In Fuhds -£13.594 -£16.663 430,277 Rerondllatlon of Fvnds Tot31 Funds Urou6ht Forward £31.189 £18.145 £49.Y34 Total Funds Carried Forward £17,595 £1,462 E19,057 All Df ihe Charity's actlvEtSes derive from continuin8operations duiSn8 the above two periods. 5 STATE OF TRUST ## **(REGISTRATION NUMBER: 092340891 BALANCE SHEET AS AT 30 SEPTEMBER 2025** ||||**2025**|**2024**|| |---|---|---|---|---|---| ||**Note**||**£**|**£**|| |**Current As ets**
Debtors||7|||| |Cash at bank and in hand|Cash at bank and in hand||£24,452||£20,029| ||||£24,452||£20,029| |**Creditors:**|||||| ||**Amounts falling due within one year**|8|||£74| ||HSBC credit card||£762||£625| ||Trustees - reimbursement of expenses||£273||£273| ||||£1,035||£972| |**Net Assets/(Liabilitiesl**|||£23,417||£19,057| |**Funds of the Charity:**|**Funds of the Charity:**||||| |Unrestricted Income Funds|Unrestricted Income Funds||||£1,462| |Restricted Income Funds|||£11,122||£17,59S| |**Total Funds**||**10**|£11,122||£19,057| For the financial year ended 30 September 2023 the Charity was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: The members have not required the Charity to obtain an audit of its accounts for the year in question in accordance with Section 476; and The directors acknowledge their responsibilities for complying with the requirement of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small **companies regime.** The financial statements on pages 6 to 10 were approved by the Trustees, and authorised for issue on 19 February 2026 _**Q"'"';,, . .,**_ Mr. Paul Land Chair **Date: 9th March 2026** STATE OFTRUST NOTESTO TNE FINANCIAI STATEME14TS FOR THEYEARENDED 30 SEPTEMBER 2025 I. ACCOUNTING POLICIES Summèryof 518nWlcantattountlng poll£le5and ke¥a￿untIng e5tlmates The principal 3ccountln8 pollcles applled In the preparatton of thÈse flnancial statements are setout below. ThÈsÈ ptslldes have been tonsistently applied to all of the years presentéd, Ltnless otherwi%èststed. siatementoltompliance Thefinancial Statements have been prepared in accordance with Accountin8 and RewrtÈn& by Charitie5= ststpThent of Recommended PraitKe applitableto charities preparing their aciount5 in aciordance with the Financial Reportin8 Standard applcable In the UK and Rewblicof Ireland IFR51021 leffectsve l Janu3ry20051- ltharities SORP IFR510211. the Financi31 Rep7rting5tand3rd applicabfe in the UK and Republic of Ireland IFRS1021 and the Companie5Art 2006. B#sis of Preparatw)n Stale ofTYvsL meets the definiiK)n of a public benÈfit entiiy under FR5102. Assetsand liabilities are initially reCOgn￿ed at historical c05t or transaction value vnle55 othpnYi5e Stated in the Televant accountinE policy note5. Gokngconcern TheTrustees consideTthatthere are no material uncertaintiesaboutthe Charity'sability to continue a5 aBoin8 CQTrtEfh anv 8nificanlareas of u￿￿rtaintythataffeCLthe iarryinBvalue a55ets held by the Charity. Twltion trj FRS IOZ In preparin8 the account5. the Trustee5 have con5idred whethpr in applyin¥ the attountin8 polities requlred by FRS IOZ and the Ch8rities SORP FRS 102 a re-statement of ¢omparatl¥e Ittmswas rEqtsSred. No re4rarements are requlred as a result of the traDsi¢iDn to FRS 102. Incomeattd Endowments Income is recognlsed In the 5tatementof Flnancial ACtI￿lIeS when the Charltybecornes entitled tothe re￿UrCeS,. is more likely than not thaL theTrustees will recelve the resources,. the monetary value can be measurèd ¥wth suffiuent reliabS1itv. Exwndttuve All eX￿ndItUre is recognised once there is a le8al orcoDStructiveobli8ation to that expendlture. it Is probable that setilement 15 fequired and the amount can be measured reliably. SNI tosts¥re allocaied to the appllcable expÈndlture heading that aggregate slmi,.lar costs to that category, Where costs cannot be direcrty attributed to Particular headings they have been allocated on a basls conystentwith the use of resources, wtth ￿ntarf staff costsalloc3ted on the basis of time spent. depredation charges allocated on the portion of the asset's use. Othersupport costsare allocated based on the spread of stsff costs. CharitablèAttlvlliÈ$ Charitable expenditure ¢omprisestho%e ¢osts incurred bythÈ Charity in the delivery of its 3rtivitie5 andservice5for its benelitiaries. It includes both coststhat be allocated 6irecttytO such activitles and those c05tsofan ithdirect nature TrEce55aryto support them. Go%tnMnent Grants The Charity reCe￿ed no GovLYnment Grants. Taxaiir The Charity15 considered to Pa55 the testsset out in Paragraph I Sthedule 6 of the Flnance Art ZOIOand therelore it meet5the def5nitlort OF a tharftsblÈ tompany for UK torporaiion tsx purptsses. Accordingly. the Charlty Is potentially exempt from taxation in respÈrt of incrtrneorcapftal galns recelved withln categories covered byChapter3 Part 11 ofthe Corp¢xatton T3xAtt 2010 or Sectkin 256 ofthp Taxation of Char8e3ble Gain5 Act 1992, to the extentthat such income or 8alns are applled exdusively to charitable purpose5. Tr¥de Dgbtors Trade debtor$4re èmountsdue from customersfor merthandise sold or seryKes performed in the ordinarycourse of busine5k Trade debtor$3re reco¥Dised Initial￿atthE transaction price. They3re subsequently measured at the amortised cosr uslnB the effertive interest method, less provision for Impalrment. A prowsion forthe impairment of trade debtors is established when there Is oblectfve e￿dence that the CharsiywIII nor e ableto collect all amounts due a￿ordIng to 0ri8in31 te¥m50fthE recelvables. Cash and cash equlvalents Cèsh and cash equivalent5 cornpri5e cash on hand and all Cèll dep05115, and other5hort-term hlghly Ilquld InV￿MentS that are readlly convèrtlblè to 8 knDwn amount of cash and are 5ubjecE to 8n Insignifitant risk of chdn8e in value. Trade Credltarg Trade crEditor5 are obllgalion5to pay forgoods orser¢ices that hÉvÈ been at4ulred in the ordlnary course of buslness from suppllers. Accounts payable 81e dassified as Current Ilablilltles ifthe Charty does not have an uncondltional rl8hi, at the end ofthe reportinB perlod, 10 defer settlement forat le8St twèlve mDnth5 afterthe r2POrtln&date. Ifthere Is an unconditlcn81 ri8ht to defer$ettlementfor it lea5ttwelve month5 3fterthe reporting dote, they are presented a5 non-current Ilabilitles. Tr3de crg.dltors are reco8nised initially atthe tran5HEtion prlce and 8re subsequently measurad at amortlsed c05t u￿￿81he effètllvè Interest method. Fund StN¢ture Unrestrlcted Incorne fund5 are generalfunds that are avallable for u52 atthe Trustee5' dlscretlon In the furtherance ofthe oble¢iives of the Charlty, giatement of Actlvity Stale of TrusL Ck.toboF 1. 202¥S8plemb8r20, 202S D15TRioufioN AttUUNT TOTAL iaii15 fEcRlvp(I 2g,ris0_0( cros￿ Firollt É2a,OIOJ)D Actsurttdncy F¢es Adrnlii Cog9 ra8nk Qlw￿.& DL*S SUW1￿0￿% G7.6 5?2.49 87A) g0,Y.gb 1,D$Y.Q Mktterth9 (X$ Ollltè Exp41148 PmthJ¢ii'on Cwis Pivr&￿1on￿l F¢t E,984.82 1,20C192 2,400ffjCI I rJBStsY È24,$QSao 'rfavol&Sub%151W1¢è Tord lor Ehp$nses Net optrta1K￿ Not Otherlncomo E4,1É4.kCI £4,1eu A/P Ageing Summary Report Stotq OlTr￿ As of Septemb&r 30, 2025 s￿PpE1S￿r cl1RRE￿ T 1-30 31-60 b1-90 91 ANEI. OVER Totsl 0.00 Steve klarshall - ra f.62.40 1'02.40 Stewv M?rsl¥&ll - persooal ¢0id 1lQ.5Q 1.. 10.80 TOTAL 2?2.90 £272.90