COWBRTDGF MUSIC FESTIVAL Cowbridge Music Festival FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2023 Charlty Number 1162524 CARSTON Chartered Accountants 1 st Floor. Tudor House 16 Cathedral Road Cardiff CF119LJ
Cowbridge Music Festival FINANCIAL STATEMENTS Yèar ended 31 St December 2023 CONTENrs PAGE Trustees, Annual Report Independent examlner's report to the trustee5 Receipts and payments accounts Statement of assets and liabllrties Notes to the financlal statements
Cowbridge Music Festival TRUSTEES, ANNUAL REPORT Year ended 3181 December 2023 The trustees present their report and the unaudited financial ststernents of the charity for the year ended 31 Dember 2023. REFERENCE AND ADMINISTRATIVE DEfAIiS Reglstered charlty name Cowbrldge Music Festival Charlty number 1162524 Prlndpal offlce Cowbrid8e Music Festival Brynawel Trerhyn8yII Cowbridge Vale of Glamorgan CF717fN Trustees Mary Rose (Chalr) Andrew Elliott (Treasurer) Samantha Edwards Davld John Eluned Pierce Tessa Shellens lolo Whelan Independent examlner Farzana Ahmed ACCA First Floor, Tudor House, 16, Cathedral Road, Cardiff CFII 9U Bankers The cOperative Bank P.0. Box 250 Delf House Southway Skelmersdale WN8 61
Cowbridge Music Festival TRUSTEES. ANNUAL REPORT Year ended 31¥1 December 2023 StNrture. Purpose and Artlvltles Cowbridge Music Festival rs registered as a Charitable Incorporated Organisation ICIOI (Reglstered Charity No. 11625241. The objects as stated in its goveming document. and for which the charity was established, are 'to educate the public in the appreciation of music and other arts. principally by arran8inR an annual festival.. The festlval is held over two weeks in the autumn and consists of maln evening concerts. concerts for young musiclans, a family concert and an outreach programme for schools and Ca homes throughout the Vale of Glamorgan and Bridgend. In 2017 the FestNal Frin8e was stsrted to take the festrval out of the main venues and to invofve more local music groups. The trustees are aware of their responsibilities in ensurlng that the festlval delivers identifiable beneflts to the public In accord wlth establlshed objertlves and permitted activities. We refer to the guidance contained In the Charlty Commission's general guidance on publK beneflt when reviewin8 our aims and objectives. The festlval has as a prlorlty the aim to remove barriers. perceived and real, preventln8 the participation In and the enjoyment of music. It airns to en8a8e the community as a whole. With public accesslblllty to the concerts greatly In mlnd. provision Is made for the elderly, the disabled and those of Ilmlted means. Particular Importance Is attached to gNing encouragement and opportunities to youn8 musicians. from the very youn8 to those at the be8lnnln8 of their careers in music. No changes to the management structure of the festival were made in 2023. Mary Rose remalned as Chair of the 8oard of Trustees, Joseph Fort and Rosalind Ventris as Artistic Dlrertors. The Trustees are aware of Public Benefit provlslons of the Charities Art 2011 and of the guldance on them publlshed by the Charity Commission. They are satisfied that the objects of the Charity and the actlvltles of the Charity are within the definitions of Charltable Purposes as set down in the Act. 2023 Achlevements and Perfonnan The 2023 Cowbridge Music Festival. held from 15" to 24 September, saw a packed programme of twefve main concerts, an expanded Young Artist programme, the continuation of our schools oUtaCh, a new Communlty Muslc Day, and a number of fringe evenls acro the communlty. Baritone RodeTick Williams and planlst lain 8urnslde opened the festival with their programme Yell me the truth about love.. 5pannlrE several centuries and many styles, and delightin8 the capacity audience in Holy Cross Church, our main concert venue. The followlng day. our colleagues from BBC Radio 3 arrived for a second consecutive year to record two concerts for subsequent broadcast. The first of these featured Trlo Gaspard, playing Lpak'5'Dumw Piano Trlo alongslde works by Smetana and Suk in a programme entitled 'Czech Stories.. Later that evening. Dvi tk)li, a bandura duo formed by two Ukrainian fefu8ees. performed a moving programme of traditional Ukralnlan folk music. On the Sundayj vlollst land Artistic Director) Rosallnd Ventris and pianlst Llgr Williarns perfom)ed the two late sonata5 for this combinatlon by Brahms. as well a5 lesser-known work5 by Weiner. Kodapy and Clara Schumann This. the second recordin& was broadcast the following week on Radm) 3.
Cowbridge Music Festival TRUSTEES, ANNUAL REPORT Y•ar ended 31*t December 2023 The festival continued with a huge variety of music. from the music and dance of the extremely popular Daniel Martlnez Flamenco Company to a unique blend of Hindustani classlcal music. jazz. Welsh folk and rock, performèd by the Indo-We15h band. Khamira. Trio Anima were then welcomed back to Cowbridge. thelr programme of musit for flute. viola and harp celebratin8 a number of contemporary Welsh composers. Thls year saw us develop the Young Artists. programme by including coaching and buslness mentorshlp In order to equlp them better for the profession. Benefttin8 were the strin8 quartet, Quartet Draig. who gave free concert at the United Free Church. and the youn8 Welsh planlst Tomos Boyles. The final vekend also presented a considerable range of muslc: The Choir of St Paul's Knlghtsbridge (conducted by the festivafs Artlstlc Director Joseph Fort} perfornied Bach's six motets in the church. while later In the evening Dionne Bennett and The Pepper Seeds perfomed an eclectic array of muslc, Incorporatln8 jazz. funk and soul in the Duke of Wellin8ton pub. Sunday morning brought with It the ever popular Family Concert, in which Children's Muslcal Adventures introduced a packed theatre at Cowbrid8e Comprehensive School to Captain Patch, whom we joined on hSs adventure to find a105t Welsh sea shanty, alded by several students from the RWCM&D. And as a 8rand finale In the evenlng. Dave Cottle's Power of Gower Blg BaThl lolned forces with Cardlff-based Jazz slnger Sarah Meek to present an upbeat and Ilvely sebection of jatz clas5iCS. Schools and care homes outreach Alon8side the concerts and frlnge activities, the fe5tivafs outreach pro8ramme continued with full days of workshops at flve local primary schools, delivered by the ever popular Children's Musical AthntUreS. As In previous years nearly IIXQ children greatly enVed this opportunity to take part in Ilve music. Festlval musicians visited six cafe homes In Cowbrid8e. Barry and Brid8end, bringlng Ilve muslc to members of the local communtty whom li might not otherwise reach. Feedback from the homes spoke ofthe enjoyment that these concerts brought. The Frlnge The annual Jau Brunch proved more popular than ever this year. Cardiff-based sln8er Sarah Meek joined fortes with pianlst Dave Cottle to deliver a Iwely programme of upbeat hits. entertainin8 over slxty dlners at The Bear Hotel. We a150 introduced a Musical Afternoon Tea at the Penny Farthin8 Cafe, featuring local celtic harplst Delyth Jenkins. We also held our flrst ever Community Muslc Day, whKh recelved a very wann receptlon from participants and audience alike. The Rockin8 Recorders, the Sounds Familiar Community Cholr and the 08more SINfer Band Wind Quartet gave short performances in Cowbridge Library. Glven the positrrfe reception to this new event we plan to expand it in the 2024 festfval. Atce5$1blllty and Incluslvlty The festbval contlnues to underline its commltment to making MUSK accessible to all. Tlcket prfces forthe main concert5 ranged from £12 to £20 with £1 tickets for children and students; It was good to see a number of young people and attendees from mlnortty groups al the perfomiances. The community Is keenly aware that the festtval provide5 an annual opportunity to experrence high quality music that is excitin& inspiring and uplfftlng. The wide range of music, as well as the Intlmate and informal settings of the venues. are seen as important in breaking down the barriers, per1Ved and real, to enga8emeftt with the festival.
Cowbridge Music Festival TRUSTEES. ANNUAL REPORT Year ended 3151 December 2023 The future Once again, in 2023, with generous support from charitable trusts, our sponsors and the Arts Council of Wales, we were able to put on another festNal that was of 8reat benefft to the communlty, seNing people of all ages, from the very young to the elderly and disabled. Our fundamental task next year is to continue to maintain the sure footing of the festival and all our core activities lincluding outreach} amid ever more challenging times for the arts. If we are able to secure the necessary financial support, we are confident that with our careful management we will be ab to ensure the ongolng success of the festival over the years lo come. Flnancial Review The festival continued to receive strong support from the Arts Countil of Wales, a grant of £35,OW belng made. of whlch £31,5(KJ was recelved in 2023 IA final payment foi 2022 of £31X)O was also recewedl. Sponsorship by local businesses was slightty lower at £6990. while grants from trusts and foundation5 were greater by 24% compared wlth ihe 2022 level. Once again, the festNal's finances were greatty stren8thened by the Frlends, Association subscriptbons. Tlcket and other sales remalned at the 2022 level. The success of the fvnding enabled the fesltval to finance a full two-week programme of concerts akJn8slde the Festlval Frin8e and a hhlY successful schools outreach and care home programme of actlvltles. With income from all sources amounting to £ICX).037 arbd expendlture to £98.342. cash reSenS were Increased by £1,694 above the 2022 level to £30,131, a stron8 POSItn from which to launch the 2024 festNal and fulfill our obligations and ambitions for the benefit of the communlty. Volunteers The Trustees are heavily indebted to our many volunteers who distribute publicity materlal, provlde accommodatlon and meals for musicians. or8anise and sell refreshments and asslst with Front of House management and the Fr*nds' Assoclatlon. Dlsclosure and Barrln8 Servlce All Trustees, volunteers and member5 of partner organisations involved with the schools outreach, care homes and concert5 involving youn8 musicians have DBS certificates.
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Cowbrldge Muslc Festlval INDEPENDEpif EXAMINERS REPORT Year •nd•d 31 December 2023 I report to the trustee5 on my examlTratknn of the financlal 5tstements of Cowbrldge Muslc Festfvalllhe charltyl forthe year ended 31 December 2023. R•wnilbSlltl•s and bmls ol report As the charws trustees you are reswnS1b fw the preparlon of the •CUnts In accordan wlth tht requlrements of the Ch•rltk5 Art 2011 (the A¢f). I repNt In re5pert of my emmlnatknn of the charfiV5 accounts Qfrfed (#rt under s•rtlon 145 ofthe Art arNI In carryin8 OLA myey•mln•th)n I havefoifowed alItheapplkab Dlrtttk+n$8l¥en tythe(hartty Cornmlsskn umler SQClion 1451Sllbl of tht A¢ Indep•rMl•rrt •xwnln•rfy st•t•rnqrt I have compted my examln•tlon. I conflmi no mitrrljl m•ttern hwe fA)me to my •ttentk>n In CA)nnectlon wlth the examln•tlon me uu5e to bellthfe thal kn any ffiaterl•l rtsptt: 1. occountSn8 recoTds re not kept sn respert of thtr ch•rtty as requlred seLkin 130 of the Act; or 2. the accounts do not accord wtth those records I h•40 no concerns and come xross no 4)ther m•tter5 kn conThe(tbn wh the exam•tFon to whlch ttÈntlon should bè driwn In thls port kn order to en•bbe a w>per understandin8 of the aco)unt5 to be reached. Farzana Ahmed FCCA Independent Examlner 1st Floor, Tudow H1• 16 Caihedr41 Road Card CFII 9U 14.t41 aoJ4
Cowbrfdge Music Festlval RECEIPTS AND PAYMENTS ACCOUNT Year end 31# Doc•mb•r 2023 xts rund1 dW•le5 Trusts & FtyJnd•tknns Sponsorshlp & Busines5 Cyfflfu B•rs•les & PrwJmmEs Frknd5' la50cl10 Mtsmbership•nd Gfftd Tlcket And refreshment ules ell•ru$ 249 X938 4314 19AII Art15tos' ftt5 17J 251 4J14 Publlcliv mln15tr•tlDn Other tssts 9m4 &9Ji 14.411) 146961
Cowbrk1 hluslc Fesuval STATEMENT OFASSETS AND UABIUTIES Yr dthI >1•t DMrfw202J EIrr
Cowbridge Music Festival NOTES TO THE FINANCIAL STATEMENTS Year end•d 31 It December 2023 I. TRUSTEE REMUNERATION AND EXPENSES One trustee received £303 as reimbur5ernentfor charty expendlture paid privately on behalf of the charity. 12022 - £1801. 2. GOING CONCERN There are no material uncertalntles about the charivs ability to continue as a golng concern (see trustees report under plans for futu periods). 3. RELATED PARTY TRANSACTIONS There are no related party transartions durlng the year (2022 - £nil). 4. FUND BALANCES @al•n at 8al4nce It QlJan13 Inc F>ylIre Tf•nth IIDe¢2a Genernl fvnd 28.036 70.9S9 164,817) {4,696) 29,483 Restrkted funds CL Unlted Charftles Mory Homfray CT e Foundatlon Ty Cerdd 12.(K)D) (6,0001 {2.127) (2.S91) 11,940) (1,0) 13.(KK)) 12,853) 13,(W) (2.(W) 1742) 13.213) 115001 (23) IM38 713 91 (231 & Buslness CS Oakdale Q The O'oyly Carte Charltable Tnst S¢ops AT Radcllffe Fdn Thlstle Trust Aot•ry aub Co*kn5dge J Oavles CovA)rld8e Travel 423 3.5(K) 647 142 2,213