2025-03-31-accounts - Teignmouth Pride

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Teignmouth Pride

Report and Unaudited Financial Statements

CIO - FOUNDATION Registered Charity Number 1198047

For the period 1[st] March 2024 to 31[st] March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

For the period ended 31[st] March 2025

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 For the period 1[st] March 2024 to 31[st] March 2025 (All were appointed 24[th] February 2022)

Paul Burgess
Byron Beacham
Jamie Ayre
Paul O’Connor
Le-Allison Beacham

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.

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 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 Teignmouth Pride had approximately 20 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:

a. The elimination of discrimination on the grounds of sexual orientation or gender identity
b. Advancing education and raising awareness of the issues faced by LGBTIQIA+ people and cultivating a sentiment in favour of equality and diversity

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 2024 shops in Teignmouth decorated their shop windows and we arranged for pride flags to be displayed throughout the town.

We also had considerable and very much appreciated support from ALL local churches who

organised a Pride Church service which was very well attended by people from all denominations.

GRANT FUNDING TO 3[RD] PARTIES

Our constitution does not allow grant funding of organisations and/or individuals at this time. We have NO plans to do so.

ACHIEVEMENTS AND PERFORMANCE

Teignmouth Pride September 2024 was an amazing LGBTIQIA+ festival celebrating diversity and fostering understanding between people from diverse backgrounds. We are particularly proud that ALL sections of our community attended our event, from all age ranges and from all ethnicities and orientations.

This year’s we changed the format slightly to 3 days Friday (from 5pm to 11pm) Saturday (from 10am to 11pm) and Sunday (till 6pm) to accommodate more local entertainers. The weather for September 2024 was fantastic and this together with the additional Friday evening helped delivery crowds in excess of 12, 000 people.

Events were held over two distinct areas with a combined 41 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.

We made a conscious decision to include as many local and young artist and acts as possible, these included representatives from students undertaking apprenticeships.

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 established contacts with our groups similar support groups.

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. As with previous events, one of our objectives is to attract visitors to the town in order that local traders, shops, cafes/restaurants etc can benefit. Traders again reported increases in their takings during the weekend.

The phots below are still from promotional videos we made showing the support from local traders including the Teignmouth Chamber of Trade and Commerce.

FINANCIAL

For the accounting period ending 31[st] March 2025, we reported a trading loss of (£2,069.62). 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 2023 of £19585.10. This meant we ended the accounting year with cash being carried forward to 2025/26 of £7,419.41.

We have continued with our plans to reduce the dependence of granny bodies and are working towards our aim of a 30% of total income being from grants. Sponsorship income increased from £0 (23/24) to £1372.00 (24/25).

FUNDRAISING

Throughout the year we held a monthly fundraising event. Other fundraising activities for fundraising consisted of renting stall spaces for traders at our September event, the local Rainbow lottery and selling merchandise.

The trustees wish to acknowledge the fundraising efforts and support of the Brass, entertainers and staff at this venue.

Chart showing areas of income generation as a % of total income (£22,869.37)

Donations 3.71% Rainbow Lottery 2.73% Raffle 3.44% Drag Show 19.66% Grants 58.43% Bank Interest 1.03% Merchandise 3.10% Sponsorship 1.92% Stalls 6.00%

Teignmouth Pride Accounts 1st January 2024 - 31st March 2025

		Teignmouth Pride Accounts 1st January 2024- 31st March 2025
		Bank Account

		Opening balance –1stJanuary 2023	9,489.03
		Cash Received	22,869.73
		Cash Spent	(-24,938.99)
		Closing Balance	7,419.41

		Profit & Loss

		Income
		Donations	849.17
		Rainbow Lottery	624.50
		Raffle	785.00
		Drag Show	4495.56
		Grants	13362.00
		Bank Interest	235.09
		Merchandise	708.05
		Sponsorship	438.00
		Stalls	1372.00

			22,869.37

		EXPENSES
		Collection Boxes, Cups, T-Shirts & Trader	0.00
		Packs
		Stationary, Decorations & Flags	279.54
		Stalls	300.90
		Entertainment (Live Acts)	5,945.00
		Stage	8488.70
		Event Costs	6,753.00
		Waste Collection & Toilet Hire	1906.50
		Graphic Design	0.00
		Gazebo &Vehicle Hire	300.00
		Volunteers	0
		Insurance	815.35
		Licensing, ICO & PRS	0.00
		Sundry Expenses	150.00
		Website&Advertising	0.00
			(-24,938.99)

		Profit/Loss	(-2,069.62)

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

Signed:

Name: Byron Beacham - Treasurer 22/10/2025

Name: David Rudall - Greenwood Accountancy Date: 22/10/2025

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.

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.

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 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

PLANS FOR FUTURE PERIODS

Plans for the 2025 Festival are currently underway with licences obtained and a programme of events booked.

RESERVES POLICY

Unrestricted general reserves held as of 31[st] March 2025 are £7,419.

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;

state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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 2025 and signed on their behalf by Paul Burgess