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2024-02-29-accounts

Teignmouth Pride

Report and Unaudited Financial Statements

CIO - FOUNDATION Registered Charity Number1198047 For the period 1[st] March 2023 to 29[th] February 2024

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REFERENCE AND ADMINISTRATIVE DETAILS

For the period ended 29th February 2024

Charity details The name of the Charitable Incorporated Organisation (“the CIO”) is

TEIGNMOUTH PRIDE, Charity No 1198047

Principal The principal office is located at The Brass, Holland Road, Teignmouth, office TQ14 8EP Trustees The trustees are who served during the period 1[st] March 2023 to 29[th] February 2024 were as follows

(All were appointed 24[th] February 2022)

All trustees were appointed at creation of the charity.

Bankers Monza Bank Boardwalk House 5 Appols St London EC2 2AG Account number: 49648838 Independent Mr David Rudall examiners Greenwood Accountants Pellew Arcade Teign Street Teignmouth TQ14 8EB

The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019). The charity trustees comply with the requirements of the Charities Act 2011 with regard to the keeping of accounting records, to the preparation and scrutiny of statements of account, and to the preparation of annual reports and returns.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is constituted as a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England and Wales under registration number 1198047 and governed by its constitution.

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The Trustees are responsible for the strategic direction and charity oversight with the day-to-day activities delegated to a core committee consisting of Paul Burgess, Byron Beacham, Jamie Ayre, Paul O’Connor, Le-Allison Beacham, Sally James and Pat Birdie.

MEETINGS OF CHARITY TRUSTEES

Meetings are held each month (or where appropriate during busy times) in line with our constitution requirements .

VOLUNTEERS

During the reporting year (1[st] March 2023 to 29[th] February 2024) Teignmouth Pride had approximately 25 volunteers helping with our activities. Volunteers are from all backgrounds and ages. We do not anticipate any issues recruiting volunteers for future events. Volunteers are considered by the trustees to be an extremely and invaluable asset to our organisation.

TEIGNMOUTH PRIDE OBJECTIVES

To promote equality and diversity for the benefit of the public in Teignmouth and the surrounding areas in particular but not exclusively by:

c. Delivering an annual LGBTIQIA+ festival and smaller events and activities for the LGBTIQIA+ community and its allies throughout the year in order to foster understanding between people from diverse backgrounds.

Teignmouth Pride is a charity which campaigns for equality; challenges discrimination; creates opportunity for engagement and participation; celebrates lesbian, gay, bisexual and transgender life; and works to enrich and empower LGBTIQIA+ people, organisations, charities and communities in the Teignmouth and surrounding region.

Teignmouth Pride also works all year round to promote our aims and objectives, deliver aims to deliver a programme of schools’ engagement and, through Pride weekend, offer the chance for many service providers to reach target markets, and enable the opportunity of support to the community through the Pride weekend event held September.

The Teignmouth Pride event is September involves all our community and we actively work hard to encourage all business, traders and members of the public to participate in our event. This event sees entertainment artists, traders, support organisation and all member of the Teignmouth community too work together. For our main event in September 2023 the majority of shops in Teignmouth decorated their shop windows and we arranged for pride flags to be displayed throughout the town.

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GRANT FUNDING

Our constitution does not allow grant funding of organisations and/or individuals at this time

ACHIEVEMENTS AND PERFORMANCE

Teignmouth Pride September 2023 was an amazing LGBTIQIA+ festival celebrating diversity and fostering understanding between people from diverse backgrounds. We estimate that although poor weather, during the event we attracted in excess of 10, 000 people over the two full days of operation. We ran events and activities from 2pm through to 11pm.

“I finally feel comfortable that I can come out and everything will be okay now – thank you Teignmouth Pride” . ….. “I was slightly prejudice but now understand the issues which means I have changed my way of thinking “

Events were held over two distinct areas with a combined 43 educational stalls plus stalls selling general gifts, craft stall and food venders etc. The main entertainment area was in Hollands Road where a variety of local, national and internation acts entertained a large and enthuastic crowd.

SIGNPOSTING AND INFORMATION GROUPS

During both days of our main event, we had around 20 signposting and LGBTIQIA+ issues, not only did everyone provides vital support and information to our visitors each group also o established contacts with our groups similar support groups.

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A few of our signposting and education partners

TRADERS AND LOCAL BUSINESS

The support from local businesses was substantial in that the majority of traders decorated their shop windows and helped put up an assortment of pride flags. One of our objectives is to attract visitors to the town in order that local traders, shops, cafes/restaurants etc can benefit. Traders reported an increase in their takings during the weekend.

MERCHANDISE

Sally James developed a range of quality merchandise to raise funds for our activities and events.

FINANCIAL

For the accounting paid ending 31[st] December 2023, we reported a trading loss of (£10096.67). This figure at first sight, may seem alarming but the board of trustees confirm the charity is in a strong financial position due to the cash carried over from 2022 of £19585.10. This meant we ended the accounting year with cash being carried forward to 2024 of £9489.03.

There are a number of reasons why a trading loss was incurred and these relate to the cancellation of our 2022 event due to the Queens death. In 2023 due to carry over of £19585.10, our grant

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income was reduced by 98% and our sponsorship income was reduced by 100%. Previous sponsors allowed us to carry over their monies from 2022 so obviously did not provide additional funds in 2023. Other income streams were as per our financial forecasting.

FUNDRAISING

Throughout the year we held a monthly fundraising event. Other fundraising activities for fundraising consisted of rent stall spaces for traders at our September event and selling merchandise. The trustees wish to acknowledge the fundraising efforts and support of the Brass, entertainers and staff at this venue.

----- Start of picture text -----
Chart showing income breakdown as a % of total
income
7.40% 13.16%
9.79%
3.06%
0.84%
2.27%
63.49%
Donations Rainbow Lottery Drag shows grants
bank interest merchandise sponsorship Stalls
----- End of picture text -----

We attened various local events, sold merchandise and held fundraising events …. A big thank you to The Brass Teignmouth.

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ACCOUNTS FOR THE TRADING PERIOD -1[st] JANUARY 2023 – 31[ST] DECEMBER 2023

Teignmouth Pride Accounts 1[st] January 2023 – 31[st] December 2023

BANK ACCOUNT

Opening balance –1stJanuary 2023
Cash Received
Cash Spent
Closing Balance
PROFIT & LOSS
INCOME
Donations
Rainbow Lottery
Drag Show
Grants
Bank Interest
Merchandise
Sponsorship
Stalls
EXPENSES
Collection Boxes, Cups, T-Shirts & Trader Packs
Decorations & Flags
Stalls
Entertainment (Live Acts)
Event Costs
Stage
Waste Collection & Toilet Hire
Graphic Design
Gazebo &Vehicle Hire
Volunteers
Insurance
Licensing, ICO & PRS
Sundry Expenses
Website&Advertising
Profit/Loss		 £
19,585.20
10,992.19
(21,088.26)
9,489.03
1,446.30
336.00
6,979.00
250.00
92.14
1.075.75
0.00
813.00
10,992.19
395.33
238.75
559.96
2,629.87
6,376.46
6,613.60
1.578.00
0.00
370.00
327.75
754.53
59.80
223.87
960.34
(21,088.26)
(10,096.07)

These accounts have been reviewed and verified by Mr. David Rudall of Greenwoods Accountancy, Teignmouth.

Signed:

Name: Byron Beacham - Treasurer 01/11/2024

Name: David Rudall - Greenwood Accountancy Date: 01/11/2024

Mr. David Rudall of Greenwoods Accountancy was appointed as independent examiners to the charity during the period and have expressed their willingness to continue in that capacity.

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PUBLIC BENEFIT

The trustees confirm their due regard for the Charity Commission Guidance on Public Benefit in reviewing Teignmouth Pride’s aims, objectives and activities undertaken, planning future strategy and setting policy.

RISK MANAGEMENT

Structures are in place to ensure that key risks are identified and mitigated. The trustees are responsible for risk management and the effectiveness of internal control systems. We consistently review all risks and seek appropriate professional advice.

The key risks for the charity include:

Funding – to ensure we have sufficient fundraising activities throughout the year and ensure that all costs for our annual September festival are covered by cash deposits no later than May of each year. We aim as to ensure at the end of 2023, we have enough deposits to fully fund the 2024 activities.

Cash flow – to ensure we have careful budget management, regular budget reviews and a robust reserves policy that ensures that all payments can be made.

Grant Funding Whilst grant funding was obtained in 2022 from the National Lottery and local councils, we accept that a culture of grant dependency for our charity is a risk. Therefore, whilst grant funding will still be sought for future years, we aim to ensure that grant funding accounts for no more than 30% of operational costs.

Staffing l evels - We employ NO staff and have NO intention of ever doing so.

Volunteers - Teignmouth Pride we believe (and have had confirmation of) we provide a good working safe environment where our team of volunteers are valued highly. We have safeguard leads and practices to ensure all volunteers are safe and never put at any risk.

Event Plans – We work closely with all relevant local councils and agencies to develop an event plans and risk assessments for all our activities including our main Teignmouth Pride event held each September.

Safeguarding - we take the issue of safeguarding extremely seriously which includes but not limited to our trustees, volunteers, traders, entertainment acts and attending members of the public.

Environment - As a responsible organisation, Teignmouth Pride, our trustees, contractors and volunteers are committed to reducing any environmental impact of this event

Accounting Year – Our accounting year runs from 1[st] January to 31[st] December but our charity year ends in February each year. In 2024 we will extend our accounting year to 14 months so we then operate both for the same period.

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PLANS FOR FUTURE PERIODS

Following the success of our 2023 event and listening to feedback from all sections of our community, we have made the decision to now hold our September 2024 event over 3 days namely September 13th, 14[th] and 15[th] September 2024 We will continue to develop youth activities and general information events and continue fundraising activities to secure the financial stability and long-term future of Teignmouth Pride. Plans for the 2024 Festival are currently underway with licences obtained and a programme of events booked.

RESERVES POLICY

Unrestricted general reserves held as of 1[st] January 2023 are £9,489.00. Our current reserve policy is to have enough deposits to fully fund the next years financial year by mid-2024 activities.

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees are to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the period. In preparing those financial statements the trustees are ▪select suitable accounting policies and then apply them consistently;

▪observe the methods and principles in the Charities SORP;

▪make judgements and accounting estimates that are reasonable and prudent;

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees on 1[st] November 2024 and signed on their behalf by Paul Burgess

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