**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|