**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: 

- make provision for an anniversary year of the Llanfyllin Music Festival; 

- help cover any operating loss; 

- 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 & Malk￿l￿g
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 M￿lIn'S Church
Credhor- Workhous
c￿j￿t0r- 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