TAUNTON FESTIVAL OF THE ARTS
Trustees Annual Report for the period 1[st] August 2024 to 31[st] July 2025
1. Administratve details
Taunton Festival of the Arts is a charity registered with the Charity Commission under No. 1179098. The registered address is 34, Clifford Avenue, Taunton TA2 6DJ.
The Trustees serving during the period were Jayne Hornsby, Michael Chapman (retired 23.11.24), Alison Porter, Naomi Porter, Christine Beattie, Kate Cresswell, Rachel Smith, Kate Rippin, Laura Sewell and Josephine Cresswell (from 26.3.25).
The Trustees bankers are Lloyds Bank plc.
2. Structure & Governance
The charity operates as a Charitable Incorporated Organisation. Its’ governing document being a constitution dated 6[th] July 2018.
3. Financial Policy
It is the Trustees’ policy to hold a working reserve of £3,000 on General Fund. The Somerset
Song Prize operates separate bank accounts including a restricted Appeal Fund.
4. Objects
The CIO object is to advance, promote and encourage for the public benefit, the performing arts generally and, in particular, but not exclusively, music, dance and speech & drama. It seeks to achieve the object through organisation of festivals, competitions and other occasional concerts, performances and workshops or similar events.
5. Achievements in the Accountng Period
The accounts record receipts for the General Fund totalling £23,455 with related payments of £21,782, the Excess for the period being £1,673. A bank balance of £10,253 supported the balance of the General Fund carried forward at 31.7.25.
The Somerset Song Prize competition did not take place this financial period. Bank Accounts totalling £17,122 supported the combined SSP Funds as at 31.7.25
Signed on behalf of the Trustees on
Jayne Hornsby Chairperson Kate Rippin Treasurer
Approved by members
TAUNTON FESTIVAL OF THE ARTS
(Charitable Incorporated Organisation Reg No 1179098)
ACCOUNTS FOR THE PERIOD ENDED 31st JULY 2025
| GENERAL FUND Receipts Payments (note 2) (note 3) £ £ £ Events Music festval & compettons 6,713 6,850 (137) Drama Festval 2,248 1,823 425 Dance festval & competton 11,254 10,100 1,154 Pop Vocals 790 865 (75) Gala 499 661 (162) 21,504 20,299 Net surplus/(defcit) from events 1,205 Other receipts Adverts 85 Benefactors & friends 808 Tax refund on gif aid Tax refund re Chime Child (2022) Donaton Evo Academy Group 1,500 2,393 3,598 Payments Insurance 320 Subscriptons 352 General promoton & website expenses 816 Administraton & miscellaneous 337 Bursary grant 1,825 Excess of receipts over payments for the period 1,773 Fund brought forward 1st August 2024 8,580 General Fund carried forward 31st July 2025 10,353 Surplus/ (Defcit) |
£ £ (1,068) 1,232 1,319 (417) (273) 793 580 383 1,317 392 2,672 3,465 300 348 331 148 250 1,377 2,088 6,492 8,580 Period Ended 31st July 2024 |
£ £ (1,068) 1,232 1,319 (417) (273) 793 580 383 1,317 392 2,672 3,465 300 348 331 148 250 1,377 2,088 6,492 8,580 Period Ended 31st July 2024 |
|---|---|---|
| 793 2,672 |
||
| 300 348 331 148 250 |
||
| 3,465 1,377 |
||
| 2,088 6,492 |
||
| 8,580 |
STATEMENT OF ASSETS AND LIABILITIES
The principal assets of the charity are bank accounts held with Lloyds Bank.
The balances of these accounts at 31st July 2025 were:
| 31.07.24 | ||
|---|---|---|
| General Fund | £10,253 | 8,580 |
| Somerset Song Prize | £17,122 | 14,394 |
There was also a cash float of £100 held for the General Fund
The charity also held merchandising stock for the Dance section that will be used in future years.
As at 31st July there were unpaid invoices for venue hire (£510) and event expenses (£140) for the music section.
Approved by the Trustees 24th September 2025
TAUNTON FESTIVAL OF THE ARTS
ACCOUNTS FOR THE PERIOD ENDED 31st JULY 2025
SOMERSET SONG PRIZE
| SOMERSET SONG PRIZE | |
|---|---|
| Funds brought forward 1st August 2024 Receipts - Donatons Interest Payments - Bank charges Funds carried forward 31st July 2025 |
General Appeal Fund Fund £ £ 8,790 5,604 2,640 48 61 |
| 8,838 8,305 21 |
|
| 8,817 8,305 |
The Somerset Song Prize competition is normally held biennially and did not take place in 2025
The Appeal Fund is a restricted fund that was initiated in 2024 with the objective of creating a fund to secure the long term future of the Somerset Song Prize As at the end of the year there was unbilled expenditure amounting to approximately £500 for programmes and promotion.
NOTES
1 . The accounts have been prepared on a Receipts and Payments basis.
2. Analysis of receipts
| 2. Analysis of receipts Entrant fees Audience admission Sponsorship Programmes Merchandise 3. Analysis of payments Venue and room hire Adjudicators - fees - expenses Prizes Cups, trophies & medals Certfcates & badges Programmes Merchandise Lunches, food & other direct expenses |
Pop Music Drama Dance Vocals £ £ £ £ 3,605 1,594 4,629 243 1,180 605 5,756 547 1,785 143 49 172 697 |
|---|---|
| 6,713 2,248 11,254 790 |
|
| 325 7,166 568 2,735 944 1,330 205 1,220 192 536 42 1,360 50 95 190 143 232 613 152 276 160 459 477 67 101 |
|
| 6,850 1,823 10,100 865 |