REGISTERED COMPANY NUMBER: 02639507 (England and Wales) REGISTERED CHARITY NUMBER: 1040455
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
BATH MOZARTFEST LIMITED
Barber & Company A trading name of PCM Accounting Limited 2 Jardine House Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX
BATH MOZARTFEST LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 16 |
| Detailed Statement of Financial Activities | 17 |
BATH MOZARTFEST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
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 31 December 2025. 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).
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Arts sector is having a particularly challenging time across the board. There is no possibility of any public funding and grants are unlikely for specific festivals such as Bath Mozartfest and Bachfest, and the corporate sector - always modest and with many demands upon it in the Bath area - sees organisations competing for the same dwindling pools of money as businesses squeeze their budgets.
Both Bath Mozartfest and Bachfest have traditionally benefitted from the support of private individuals through various patronage schemes and, after ticket sales, this continues to represent the bulk of income. Fundraising has though been hit by rising costs and economic uncertainty. Some of the festivals' supporters are elderly and their support will have a limited timescale, and many others are retired and living on fixed incomes and have been impacted by volatile financial markets and rising costs, and so are attending fewer concerts or may be unable to donate as generously as previously. There is also increasing pressure from other local festivals and events. This year has also seen unique challenges in that, having agreed a succession plan for the two festivals' long-serving artistic director, and appointed a new incumbent, very sadly the former died before her proposed departure date at the end of the November 2025 Mozartfest. The Chairman and Board would like to pay tribute to Amelia Freedman, CBE, who had been a truly outstanding artistic director of Bath Mozartfest for more than 30 continuous years, and for Bath Bachfest since its inception. She is owed an enormous debt of gratitude and is much missed by the board, staff, volunteers and audiences.
More positively, Adrian Brendel has been appointed artistic director and took up this role officially in December 2025 although had been assisting prior to this date. Adrian is well known to Bath audiences as a cellist and a member of the Nash Ensemble and, in addition to building on Amelia's legacy, he has exciting plans, including appealing to younger and wider audiences.
This change has incurred some one-off expenses in payment of additional fees to the in-coming and out-going artistic directors. In addition, costs have risen across the board particularly in relation to artists fees and festival production expenses, although the small management ream works hard to keep these to a minimum. Net gains on investment capital have off-set some of these increases.
A further concern has been the continuing closure of Bath's Assembly Rooms for refurbishment. A re-opening date has still not been confirmed, or even if the building will be available for concerts, or what future costs might be if so.
So, it has been a challenging year, with some continuing uncertainty, but two good festivals were produced, with deficits less than predicted, and robust future plans firmly in place.
FINANCIAL REVIEW
Principal funding sources
The charity's principal funding sources are from ticket sales, sponsorship and donations.
Reserves policy
The trustees are conscious of the need to ensure the continued viability of the company and with the continued support of their sponsors, they believe that the company has sufficient financial backing to enable it to continue for the foreseeable future. They also consider that the reserves as at 31 December 2024 were at an appropriate level.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, The Memorandum and Articles of Association, and constitutes a limited liability company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
BATH MOZARTFEST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Status of the Trustees
The trustees of the charity are also the directors of the company for the purposes of the relevant charity and company law and in accordance with the Memorandum and Articles of Association.
The Memorandum and Articles of Association, as approved by the Charity Commission, decrees that the Board shall comprise a minimum of two members with no maximum number. All Board members are elected by the existing Board, taking into consideration their professional experience and knowledge of classical music. No formal induction or training is given to new trustees, but they are given an introduction to the work of the Company and provided with the information they need to fulfil their roles which includes information concerning their duty as trustees and an insight into charity law. In addition they are required to sign a letter confirming their support for the objects of the company. Each director/trustee is appointed by the Board to serve for a period of three years after which he/she may seek re-election.
Organisational structure
The day to day administration and other operational Company matters are delegated to a team of specialist professionals supported by members of the Board. Periodic reports are provided to the Board for review and action as required.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board has conducted a review of the major risks to which the charity is exposed and where appropriate has ensured that procedures and systems are in place to mitigate such risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02639507 (England and Wales)
Registered Charity number
1040455
Registered office
4 Queen Street Bath BA1 1HE
Trustees
Sir David Bell C Allanson-Bailey T Osborne P Roper A Woodroffe Lieutenant General Sir R Cordy-Simpson (resigned 27.3.2025) Professor R Wendorf N Isherwood R Lovell W Lacey (appointed 27.3.2025)
Company Secretary
C Jones
Page 2
BATH MOZARTFEST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Christopher Horsley FCA Barber & Company A trading name of PCM Accounting Limited 2 Jardine House Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX
Principal Bankers
HSBC Bank plc, 41 Southgate, Bath, BA1 1TN
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ D Bell - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BATH MOZARTFEST LIMITED
Independent examiner's report to the trustees of Bath Mozartfest Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Christopher Horsley FCA
Barber & Company A trading name of PCM Accounting Limited 2 Jardine House Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX
Date: .............................................
Page 4
BATH MOZARTFEST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 172,999 Charitable activities 4 Classical music festivals 210,745 Investment income 3 12,093 Total 395,837 EXPENDITURE ON Raising funds 5 20,748 Charitable activities 6 Classical music festivals 418,282 Other administration costs 8 20,334 Total 459,364 Net gains on investments 25,166 NET INCOME/(EXPENDITURE) (38,361) Transfers between funds 14 10,000 Net movement in funds (28,361) RECONCILIATION OF FUNDS Total funds brought forward 317,314 TOTAL FUNDS CARRIED FORWARD 288,953 |
Restricted fund £ 709 - - 709 - - - - - 709 (10,000) (9,291) 89,198 79,907 |
31.12.25 31.12.24 Total Total funds funds £ £ 173,708 177,958 210,745 205,854 12,093 15,635 396,546 399,447 20,748 20,224 418,282 373,987 20,334 20,174 459,364 414,385 25,166 18,008 (37,652) 3,070 - - (37,652) 3,070 406,512 403,442 368,860 406,512 |
31.12.25 31.12.24 Total Total funds funds £ £ 173,708 177,958 210,745 205,854 12,093 15,635 396,546 399,447 20,748 20,224 418,282 373,987 20,334 20,174 459,364 414,385 25,166 18,008 (37,652) 3,070 - - (37,652) 3,070 406,512 403,442 368,860 406,512 |
|---|---|---|---|
| 399,447 | |||
| 20,224 373,987 20,174 |
|||
| 414,385 | |||
| 18,008 | |||
| 3,070 - |
|||
| 3,070 403,442 |
|||
| 406,512 |
The notes form part of these financial statements
Page 5
BATH MOZARTFEST LIMITED
BALANCE SHEET 31 DECEMBER 2025
| Unrestricted fund Notes £ FIXED ASSETS Investments 11 287,613 CURRENT ASSETS Debtors 12 32,024 Cash at bank 37,104 69,128 CREDITORS Amounts falling due within one year 13 (67,788) NET CURRENT ASSETS 1,340 TOTAL ASSETS LESS CURRENT LIABILITIES 288,953 NET ASSETS 288,953 FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 79,907 79,907 - 79,907 79,907 79,907 |
31.12.25 Total funds £ 287,613 32,024 117,011 149,035 (67,788) 81,247 368,860 368,860 288,953 79,907 368,860 |
31.12.24 Total funds £ 330,079 41,866 59,029 100,895 (24,462) 76,433 406,512 406,512 317,314 89,198 406,512 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.
The notes form part of these financial statements
Page 6
continued...
BATH MOZARTFEST LIMITED
BALANCE SHEET - continued 31 DECEMBER 2025
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 ............................................. and were signed on its behalf by:
............................................. D Bell - Trustee
The notes form part of these financial statements
Page 7
BATH MOZARTFEST LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Sale of fixed asset investments Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.12.25 £ (7,018) (7,018) 65,000 65,000 57,982 59,029 117,011 |
31.12.24 £ (52,085) (52,085) - - (52,085) 111,114 59,029 |
|---|---|---|
The notes form part of these financial statements
Page 8
BATH MOZARTFEST LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||
|---|---|---|
| 31.12.25 | 31.12.24 | |
| £ | £ | |
| Net (expenditure)/income for the reporting period (as per the | ||
| Statement of Financial Activities) | (37,652) | 3,070 |
| Adjustments for: | ||
| Gain on investments | (25,166) | (18,008) |
| Decrease/(increase) in debtors | 9,842 | (22,680) |
| Increase/(decrease) in creditors | 45,958 | (14,467) |
| Net cash used in operations | (7,018) | (52,085) |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.25 | Cash flow | At 31.12.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 59,029 | 57,982 | 117,011 |
| 59,029 | 57,982 | 117,011 | |
| Total | 59,029 | 57,982 | 117,011 |
The notes form part of these financial statements
Page 9
BATH MOZARTFEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
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.
FIXED ASSET INVESTMENTS
Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
2. DONATIONS AND LEGACIES
| Mozartfest Society and donations Sponsorship and grants |
31.12.25 £ 84,139 89,569 173,708 |
31.12.24 £ 81,427 96,531 |
|---|---|---|
| 177,958 |
continued...
Page 10
BATH MOZARTFEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
| 3. INVESTMENT INCOME Dividend and interest income 4. INCOME FROM CHARITABLE ACTIVITIES Activity Ticket sales Classical music festivals Other festival income Classical music festivals 5. RAISING FUNDS RAISING DONATIONS AND LEGACIES Sponsorship and donations 6. CHARITABLE ACTIVITIES COSTS Classical music festivals 7. DIRECT COSTS OF CHARITABLE ACTIVITIES Artists' fees and expenses Marketing Public relations and communication Other festival production and performance costs Administration 8. OTHER ADMINISTRATION COSTS Bank charges Finance costs Independent examiner's fees Investment management fees |
31.12.25 31.12.24 £ £ 12,093 15,635 31.12.25 31.12.24 £ £ 187,714 193,579 23,031 12,275 210,745 205,854 31.12.25 31.12.24 £ £ 20,748 20,224 Direct Costs (see note 7) £ 418,282 31.12.25 31.12.24 £ £ 153,734 140,921 56,014 53,548 30,449 28,162 137,491 112,390 40,594 38,966 418,282 373,987 31.12.25 31.12.24 £ £ 333 378 15,119 14,679 2,250 2,250 2,632 2,867 20,334 20,174 |
31.12.24 £ 15,635 31.12.24 £ 193,579 12,275 |
31.12.24 £ 15,635 31.12.24 £ 193,579 12,275 |
|---|---|---|---|
| 205,854 | |||
| 31.12.24 £ 140,921 53,548 28,162 112,390 38,966 |
|||
| 373,987 | |||
| 31.12.24 £ 378 14,679 2,250 2,867 20,174 |
|||
| 20,174 |
continued...
Page 11
BATH MOZARTFEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 177,712 Charitable activities Classical music festivals 205,854 Investment income 15,635 Total 399,201 EXPENDITURE ON Raising funds 20,224 Charitable activities Classical music festivals 373,987 Other administration costs 20,174 Total 414,385 Net gains on investments 18,008 NET INCOME 2,824 Transfers between funds 10,000 Net movement in funds 12,824 RECONCILIATION OF FUNDS Total funds brought forward 304,490 TOTAL FUNDS CARRIED FORWARD 317,314 |
Restricted fund £ 246 - - 246 - - - - - 246 (10,000) (9,754) 98,952 89,198 |
Total funds £ 177,958 205,854 15,635 |
|---|---|---|
| 399,447 | ||
| 20,224 373,987 20,174 |
||
| 414,385 | ||
| 18,008 | ||
| 3,070 - |
||
| 3,070 403,442 |
||
| 406,512 |
continued...
Page 12
BATH MOZARTFEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
11. FIXED ASSET INVESTMENTS
12.
| FIXED ASSET INVESTMENTS | ||
|---|---|---|
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2025 | 330,079 | |
| Disposals | (65,000) | |
| Revaluations | 22,534 | |
| At 31 December 2025 | 287,613 | |
| NET BOOK VALUE | ||
| At 31 December 2025 | 287,613 | |
| At 31 December 2024 | 330,079 | |
| There were no investment assets outside the UK. | ||
| Cost or valuation at 31 December 2025 is represented by: | ||
| Listed | ||
| investments | ||
| £ | ||
| Valuation in 2021 | 14,588 | |
| Valuation in 2022 | (5,534) | |
| Valuation in 2023 | 18,353 | |
| Valuation in 2024 | 18,008 | |
| Valuation in 2025 | 22,534 | |
| Cost | 219,664 | |
| 287,613 | ||
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.25 | 31.12.24 | |
| £ | £ | |
| Trade debtors | 3,729 | 12,090 |
| Other debtors | 28,295 | 29,776 |
| 32,024 | 41,866 |
continued...
Page 13
BATH MOZARTFEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors Accruals and deferred income MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Bachfest fund TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds General fund Restricted funds Bachfest fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Bachfest fund TOTAL FUNDS |
At 1.1.25 £ 317,314 89,198 406,512 follows: Incoming resources £ 395,837 709 396,546 At 1.1.24 £ 304,490 98,952 403,442 |
Net movement in funds £ (38,361) 709 (37,652) Resources expended £ (459,364) - (459,364) Net movement in funds £ 2,824 246 3,070 |
31.12.25 31.12.24 £ £ 1,691 9,025 20,883 5,884 45,214 9,553 67,788 24,462 Transfers between At funds 31.12.25 £ £ 10,000 288,953 (10,000) 79,907 - 368,860 Gains and Movement losses in funds £ £ 25,166 (38,361) - 709 25,166 (37,652) Transfers between At funds 31.12.24 £ £ 10,000 317,314 (10,000) 89,198 - 406,512 |
|---|---|---|---|
14. MOVEMENT IN FUNDS
continued...
Page 14
BATH MOZARTFEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 399,201 (414,385) Restricted funds Bachfest fund 246 - TOTAL FUNDS 399,447 (414,385) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.1.24 in funds £ £ Unrestricted funds General fund 304,490 (35,537) Restricted funds Bachfest fund 98,952 955 TOTAL FUNDS 403,442 (34,582) |
Gains and Movement losses in funds £ £ 18,008 2,824 - 246 18,008 3,070 Transfers between At funds 31.12.25 £ £ 20,000 288,953 (20,000) 79,907 - 368,860 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Bachfest fund TOTAL FUNDS |
Incoming resources £ 795,038 955 795,993 |
Resources expended £ (873,749) - (873,749) |
Gains and Movement losses in funds £ £ 43,174 (35,537) - 955 43,174 (34,582) |
|---|---|---|---|
Page 15
continued...
BATH MOZARTFEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025.
Page 16
BATH MOZARTFEST LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| 31.12.25 | 31.12.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Mozartfest Society and donations | 84,139 | 81,427 |
| Sponsorship and grants | 89,569 | 96,531 |
| 173,708 | 177,958 | |
| Investment income | ||
| Dividend and interest income | 12,093 | 15,635 |
| Charitable activities | ||
| Ticket sales | 187,714 | 193,579 |
| Other festival income | 23,031 | 12,275 |
| 210,745 | 205,854 | |
| Total incoming resources | 396,546 | 399,447 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Sponsorship and donations | 20,748 | 20,224 |
| Charitable activities | ||
| Artists' fees and expenses | 153,734 | 140,921 |
| Marketing | 56,014 | 53,548 |
| Public relations and communication | 30,449 | 28,162 |
| Other festival production and performance costs | 137,491 | 112,390 |
| Administration | 40,594 | 38,966 |
| 418,282 | 373,987 | |
| Other administration costs | ||
| Bank charges | 333 | 378 |
| Finance costs | 15,119 | 14,679 |
| Independent examiner's fees | 2,250 | 2,250 |
| Investment management fees | 2,632 | 2,867 |
| 20,334 | 20,174 | |
| Total resources expended | 459,364 | 414,385 |
| Net expenditure before gains and losses | (62,818) | (14,938) |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset investments | 25,166 | 18,008 |
| Net (expenditure)/income | (37,652) | 3,070 |
This page does not form part of the statutory financial statements
Page 17