THE UK FRIENDS OFTHETRASIMENO MUSIC FESTIVAL Charity Number 1129653 REPORT OF THE TRUSTEES AND THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
THE UK FRIENDS OF THE TRASIMENO MUSIC FESTIVAL INDEX TO THE FINANaAL STATEMENTS YEAR ENDED 31ST DECEMBER 2024 Page no. Legal and Administrative information Av)nual Report Independent Examiner's Report Receipts and Payments Statement of Assets and Liabilities
THE UK FRIENDS OF THE TRASIMENO MUSIC FESTIVAL REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER Z024 Charity Number 1129653 Address: 80A Belsize Park Gardens London NW3 4NG Tn45tees Angela Hewitt Christopher Dean Andrew Glennon Prior Bankers National Westminster Bank Swiss Cottage Branch 106 Finchley Road London NW3 5JN Independerrt Examiner M Koureas FCCA Hetherington and Co 289 Green Lanes Palmers Green London N13 4XS
THE UK FRIENDS OF THE TRASIMENO MUSIC FESTIVAL TRUSTEES. ANNUAL REPORT YEAR ENDED 31ST DECEMBER 2024 The Trustees present their report and the financial statements for the year ended 31st December 2024. Structure and Governance The UK Friends of the Trasimeno Music Festival was first governed by its Trust Deed dated 29 April 2(K19 and was registered with the Charity Commission on 15 May 29. Recruitment and appointment of Tru5tee5 The Charity Trustees are responsible for the control and management of the Charity. Trustees are appointed bv ordinèry resolution of the Board. The Trustees who served during the year to 31st December 2024 were as follows: Angela Hewttt Christopher Dean Andrew Glennon Prior (appointed on the03rd of December 20241 Risk Poliry The Trustees have identified all of the risks that the Charity Tvlay be exposed to and continue to monitor existing controls in place to mitigate those risks. ObJectlves and actlvltles for the publk benefft Summary of the moin ortivities in relotion to its objects The objects and aims of the Charity are to promote and develop the knowledge, understanding. appreciation and performance of and the participation in classical music by supporting the Trasimeno Music Festival. To advance the education of the public in classical music by the provb5ion of master classe5. Pubfic Benefrt The Charity Commi55ion in its Charitie5 and Public Benefit Guidance requires that there are two key principles to be met to show that an organisation's aims are for the public benefit. Firstly, there must be an identifiable benefit. Second, the benefit must be to the public ora sertion ofthe public. The Trustees confirm that in setting the Charitvs objectives and in planning its activities. that they have had due regard to the Charity Commission'5 guidance on public benefit when reviewing the Charitys aims and objectives.
THE UK FRIENDS OF THE TRASIMENO MUSIC FESTIVAL TRUSTEES ANNUAL REpoirr YEAR ENDED 31ST DECEMBER 2024 Achlevements and pertorniance of the Charlty for the publlc benefft The UK Charity. together with tts related charities in Canada and the USA. greatly contributed to a very sucSsful Trasimeno Music Festival held in Umbria between June 27th and July 3rd, 2024. We were pleased to See a large audience attend from all over the world-our best Since pre<ovid. In 2024 The U K Friend5 were able to contribute £33,389 towards the 2024 Tra5iffleno Music Festival. Aside from the general running of the festival. these funds especially helped with the concert of June 28. 2024 in which we presented the world-renowned gamba player, Jordi Savall- the concert on June 30. 2024 of the Valo Quartet Iwhich included two exceptional British musicians. Amy Norrington and Tim Crawford)-both events which took place in the Castle of the Knights of Malta in Magione: and final the fascinating interview with one of the leading intellertU21s of our time. Sir Simon Schama. hosted by broadcaster Eric Frie5en. That event took place in the Sala dei Notari, Perugia on July 2. 2024. The Trustees remain grateful to the UK Friend5 withotrt whom the Charity would have difficulty in continuing it5 work in spreading the enjoyrnent and knowled8e of classical music. Financial Revwew for the year For the year under rlew, the Charity received donations totalling £38,30912023- £18,398) all of which derived from individLJals and Trusts who continue to support the Charity. During the year, the Charity donated £33.389 towards the cost of holding the 2024 Trasimeno Music Festival in itslv. The Charity a150 incurred administrative c05ts of £9912023.. £463). At year-end date the Charity unrestricted reseNes stood at £6,595 {2023- £2,744). Re5erve5 pollry The Charity maintains a very COnseatiVe reserve poliry which enable5 the Charity to achieve its objectives and at the same time continue to be self-su5tainin£. Signed for and on behalf of the B rd of Trustees on 29 Ortober 2025: Angela Hew t (Treasurer)
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE UK FRIENDS OF THE TRASIMENO MUSIC FESTIVAL I report to the Trustees on my examination of the accounts of The UK Friends of the Trasimeno Music Festiva I for the year ended 31st Defflber 2024. which are set out on pages S and 6. Responsibilities and basis of rÈport As the Charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011{'the AcVI- I report in respect of my Èxamination of the Trustee's accounts carried out under section 145 of the 2011 Art and in carrwng out my examination I have followed all the applicable 01ctiOnS given by the Charity Commission under section 14515I(bl of the 2011 Act. Independent examinerf5 Statement I have completed my examination. I confirm that no material matters have come to my attention in connettion with the examination giving me cause to believe that in any material respert= 111 accounting retords were not kept in respect of the Trust as required by settion 130 of the Act: or 121 the accounts do not accord with those records. I have no concernsand have corne acr055 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a pmper understanding of the accounts to be reached. M Koureas FCCA For and on behalfof Hetherington & Co Chartered Certified Accountants Second Floor, 289 Green Lane5, Palmers Green, London N13 4XS Dated: 29 October 2025
THE UK FRIENDS OF THE TRA51MENO MUSIC FESTIVAL RECEiirfs At4D PAYME15 YEAR ENDED 31ST DEMBER 2024 GENERAL FUND 2024 2023 Income Receipts- Donations 6ift Aid crethts 33,559 4.750 17,254 1.144 Total Re¢eipts in the year 38.309 18,398 Expendlture Donation5 Donations tovfdrds costs of activTtie5 for festival in Italy 33.389 30,992 Admlnlstmtlve costs Software Independent examiner5 fee 85 378 463 33.488 31,455 Net Recelptsl {expendlture) for the year 4.821 {13,0571 Cash and Bank balances brought forward 2A38 15.895 Cash and Bank balance5 Carri forward 7.659 2,838
THE UK FRIENDS OF THE TRASIMENO MUSIC FEsnvAL srATEMENT OF ASSETS AND UABILITIES YEAR ENDED 31ST DECEMBER 2024 AOntIng Basis The accounts have been prepared on a receipts and payment5 basi5. General Fund 2024 2023 Cèsh Funds National Westminster Bank 7.659 2,838 7,659 £ 2,838 Debtors 2024 2023 Gift Aid recoverable 662 662 Llabllliles 2024 2023 Independent examiners fee5 2022 & 2023 756 756 2024 02 1,158 £ 7S6 Approve rd of Trustees o Ottober 2025 by: Angela He itt (Trustee)