PTP Accounts Production v24.1.0.578 Other Company accounts True false Pounds 1.12.23 30.11.24 30.11.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058473932023-11-30058473932024-11-30058473932023-12-012024-11-30058473932022-11-30058473932022-12-012023-11-30058473932023-11-3005847393ns0:CharitableCompanyLimitedByGuarantee2023-12-012024-11-3005847393ns15:PoundSterling2023-12-012024-11-3005847393ns11:FRS1022023-12-012024-11-3005847393ns11:IndependentExaminationCharity2023-12-012024-11-3005847393ns11:SmallCompaniesRegimeForAccounts2023-12-012024-11-3005847393ns11:FullAccounts2023-12-012024-11-3005847393ns11:CharitiesSORP2023-12-012024-11-3005847393ns16:EnglandWales2023-12-012024-11-3005847393ns11:RegisteredOffice2023-12-012024-11-3005847393ns0:Trustee22023-12-012024-11-3005847393ns0:Trustee12023-12-012024-11-3005847393ns0:Trustee32023-12-012024-11-3005847393ns0:Trustee42023-12-012024-11-3005847393ns11:CompanySecretary12023-12-012024-11-3005847393ns0:Activity82023-12-012024-11-3005847393ns0:Activity82022-12-012023-11-3005847393ns10:WithinOneYear2024-11-3005847393ns10:WithinOneYear2023-11-3005847393ns0:TotalUnrestrictedFunds2024-11-3005847393ns10:PlantMachinery2023-12-012024-11-300584739322023-12-012024-11-3005847393ns10:OwnedAssets2023-12-012024-11-3005847393ns10:OwnedAssets2022-12-012023-11-3005847393ns10:PlantMachinery2023-11-3005847393ns10:PlantMachinery2024-11-3005847393ns10:PlantMachinery2023-11-30
REGISTERED COMPANY NUMBER: 05847393 (England and Wales)
REGISTERED CHARITY NUMBER: 1186707














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30th November 2024

for

Priddy Folk Festival

Priddy Folk Festival






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

Priddy Folk Festival (Registered number: 05847393)

Report of the Trustees
for the Year Ended 30th November 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Significant activities
For 2024 we had a wide variety of music with performers from as far flung as Mozambique, Ukraine and Canada. We also introduced an art installation (The museum of roadside magic) which broadened the entertainment available to all visitors (free of charge).

We continue to improve our infrastructure with investment in repairs for our marquee, new bench seating and further improvements in signage. We also have tried to improve safety on site with managing vehicular movements, particularly on the traders field.

The Priddy Rising project we run with The Wells Blue School continues to be an important focus for us, and we spend around £3,000 per year supporting it. We have started seeing alumni of previous years coming back to help with the project or get involved with the festival. It is also an important project for the Blue School and they are working to raise the profile of what we are doing with parents at the school.

The feedback from festival goers, artists and even traders was almost universally positive this year, and we sold out of tickets, with numbers being up in all areas, including the PTA "Green Cow" café which we subsidise to raise money for the Priddy and St Laurence confederation.

For the coming year we are looking at updating our branding and merchandise, refreshing our on site signage, etc. We are also working to improve the media profile of the event and of our charitable activities.

Dean Collier
Chair of Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05847393 (England and Wales)

Registered Charity number
1186707

Registered office
Barrow View
Nine Barrows Lane
Priddy
Wells
Somerset
BA5 3BH


Priddy Folk Festival (Registered number: 05847393)

Report of the Trustees
for the Year Ended 30th November 2024

Trustees
J Adams
M J Cartmel
R Clarke
D R Collier

Company Secretary

Independent Examiner
Probusiness Ltd
St Lawrence Lodge
37 Chamberlain Street
Wells
Somerset
BA5 2PQ

Approved by order of the board of trustees on 6th August 2025 and signed on its behalf by:





M J Cartmel - Trustee

Independent Examiner's Report to the Trustees of
Priddy Folk Festival

Independent examiner's report to the trustees of Priddy Folk Festival ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th November 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Niall O'Driscoll

Probusiness Ltd
St Lawrence Lodge
37 Chamberlain Street
Wells
Somerset
BA5 2PQ

6th August 2025

Priddy Folk Festival

Statement of Financial Activities
for the Year Ended 30th November 2024

30/11/24 30/11/23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 41 157

Other trading activities 2 163,503 157,318
Investment income 3 617 645
Total 164,161 158,120

EXPENDITURE ON
Raising funds 116,922 116,338

Charitable activities
General 1,718 1,339

Other 23,818 23,507
Total 142,458 141,184

NET INCOME 21,703 16,936


RECONCILIATION OF FUNDS
Total funds brought forward 81,832 64,896

TOTAL FUNDS CARRIED FORWARD 103,535 81,832

Priddy Folk Festival (Registered number: 05847393)

Balance Sheet
30th November 2024

30/11/24 30/11/23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 105,455 82,540

CREDITORS
Amounts falling due within one year 8 (1,920 ) (708 )

NET CURRENT ASSETS 103,535 81,832

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,535

81,832

NET ASSETS 103,535 81,832
FUNDS 9
Unrestricted funds 103,535 81,832
TOTAL FUNDS 103,535 81,832

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Priddy Folk Festival (Registered number: 05847393)

Balance Sheet - continued
30th November 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 6th August 2025 and were signed on its behalf by:





M J Cartmel - Trustee

Priddy Folk Festival

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
30/11/24 30/11/23
£    £   
Ticket sales 116,074 116,601
Merchandising 1,935 2,584
Bar sales 26,811 23,114
Car parking income 2,753 2,284
Craft and food traders 14,455 12,710
Miscellaneous income 1,475 25
163,503 157,318

Priddy Folk Festival

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

3. INVESTMENT INCOME
30/11/24 30/11/23
£    £   
Deposit account interest 617 645

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30/11/24 30/11/23
£    £   
Depreciation - owned assets - 146

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th November 2024 nor for the year ended 30th November 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30th November 2024 nor for the year ended 30th November 2023.


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 157

Other trading activities 157,318
Investment income 645
Total 158,120

EXPENDITURE ON
Raising funds 116,338

Charitable activities
General 1,339

Other 23,507
Total 141,184

NET INCOME 16,936


Priddy Folk Festival

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

RECONCILIATION OF FUNDS
Total funds brought forward 64,896

TOTAL FUNDS CARRIED FORWARD 81,832

7. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st December 2023 and
30th November 2024

434

DEPRECIATION
At 1st December 2023 and
30th November 2024

434

NET BOOK VALUE
At 30th November 2024 -
At 30th November 2023 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade creditors 960 -
Accrued expenses 960 708
1,920 708


Priddy Folk Festival

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

9. MOVEMENT IN FUNDS
Net
At movement At
1.12.23 in funds 30.11.24
£    £    £   
Unrestricted funds
General fund 81,832 21,703 103,535

TOTAL FUNDS 81,832 21,703 103,535

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 164,161 (142,458 ) 21,703

TOTAL FUNDS 164,161 (142,458 ) 21,703


Comparatives for movement in funds

Net
At movement At
1.12.22 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 64,896 16,936 81,832

TOTAL FUNDS 64,896 16,936 81,832

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 158,120 (141,184 ) 16,936

TOTAL FUNDS 158,120 (141,184 ) 16,936

Priddy Folk Festival

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.12.22 in funds 30.11.24
£    £    £   
Unrestricted funds
General fund 64,896 38,639 103,535

TOTAL FUNDS 64,896 38,639 103,535

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 322,281 (283,642 ) 38,639

TOTAL FUNDS 322,281 (283,642 ) 38,639

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th November 2024.