THE GWYL LLANFYLLIN FESTIVAL ASSOCIATION
Registered charity number 1158283
Trustees Annual Report covering 4th September 2022 to 3rd September 2023
Administrative Details of the Charity
The charity’s principal address is: Rhosddu House, Llansantffraid, Powys SY22 6TH
The trustees and principal officers are:
Margaret Clennett Chairman/Secretary/Trustee Alistair Turner Trustee Pauline Boucher-Glynn Trustee John Eddy Trustee
THE GWYL LLANFYLLIN FESTIVAL ASSOCIATION, known as the Llanfyllin Festival Association, is a Charitable Incorporated Organisation with a constitution. New Trustees are selected by Trustees and committee members and appointed at an AGM or a general meeting. It is usual for potential Trustees to serve on the committee before being appointed as a Trustee. The charity is run by volunteers; in the main these are the trustees and committee members, who organise and run the concerts and any other events.
Activities and Performance for the Period
As stated in the constitution: “The charity's objects are to promote, develop and maintain public education in and appreciation of the art and science of music in all its aspects by the presentation of public concerts and recitals and by such other ways as the trustees shall determine from time to time in the county of Powys for the public benefit.”
To achieve its objective the Charity again organised the annual Llanfyllin Music Festival, this year comprising three classical concerts to be performed at St Myllin’s church and two Fringe evenings at Llanfyllin Union Workhouse. The audience, coming from Powys and beyond, totalled over 400 across all four events.
Financial Review
The charity started the financial year with a net asset balance of £48,439 (which included current account £18,748 and deposit account £31,429) and ended the year with a net asset balance of £44,112 (which included current account £8,464 and deposit account £32,151). Total income for the financial year was £9,038 and expenditure £13,365, giving a net deficit of £4,327, being an operating deficit of £6,200, offset by donations and interest of £1,873. In respect of the latter our thanks must go to our patron, Peter BennettJones, for his generous donation of £750. The finances therefore remain healthy with significant sums in both the current and deposit account.
The purpose of any deposit account reserve remains as previously reported, namely to:
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make provision for an anniversary year of the Llanfyllin Music Festival;
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help cover any operating loss;
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provide a buffer for the possible loss of grants, while alternative sources of funding can be found.
The Charity’s bank is the NatWest, Owain Glyndwr Square, Aberystwyth SY23 2NB, and a deposit account is held with Cambridge and Counties Bank, Charnwood Court, New Walk, Leicester LE1 6TE.
Declaration
The trustees declare that they have approved the trustees’ report above.
Signed:
Full Name: Margaret Anne Clennett
Position: Chairman, Secretary & Trustee
Date: 13th November 2023
Lanfyllin Fe$lfval Assoclatlon INCOME & EXPENDITURE f4X th• y•ar to S•pt•mber 2023 2023 2022 INCOME Dire Income Fesb"val- Ticket Sales Fringe- Ticket Sales Programme sales Refreshment sales 4.825 340 205 276 182 323 7.165 S.$94 Indlr•ct Ineom• Funding IGrants & Donations) Interest 1.150 723 3,194 311 1.873 3.505 Total Incom• 9.038 EXPENDITURE Muscians. Fg05- Festival & treaCh Friro8 costs Musiaan$' Travel & Accommodati¢ Advertising & Malklg Online TicketirvJ Venue Hire Stsge Lighting Progr8mmes Cost Refrèshment Cost Admin & Sunilry Bank fees 6.1C 1.478 4.195 818 334 801 1.038 820 7SO 373 153 318 751 750 217 134 112 Total Exp•ndlture 13.365 7.386 Not Surplu81lLoss) 143271 1,733 BALANCE SHEEf as at 3rd SW•mb•r 2023 2023 2022 ASSETS Flx•d ass•ts 1,1Tr) 1.1 Currènt Assets Debtors- Festival & Fringe irK¢yno Cash 81 bank NW Cash M depos 3,967 8,464 32.151 264 18.748 31,429 50.441 CURRENT LIABILITIES Credrtors- Fringe expendii¥Jre Creditor- St MlIn'S Church Credhor- Workhous cjt0r- leuan Jones 752 750 750 820 1.570 3.102 N•t As8•ts 44,112 48A39 REPRESENTED BY Net suwus brought forward Surplus cuffent yr 48.439 (4,327) 46.7[ 1.733 44.112 48.439