Pe£istered No. 09957497" FOR THE VUR Elm30JUNE 2Q3 *AD14X1Tr15• 1f40412024 OMPANIES HOUSE
P•y ".Report olthetrustees lirKofpoiabn8 4 Llrectors, repwtl Independent ENlnerS Report ' Statement of finaMfal act1vi (In1111 an Incryiie and expenditure acC¢ntI . 8alar sheet ." ' Notes to tt* financial statements . &9
SALZBURG EASTER FESTIVAL FOUNDATION" Tnotses.. Mkhael &ryer-Sandhofer . Alberto Bath'no Fr•ntis¢o Gaudler Fargas 22 Oi¥eden PIKe . Oel8ravla London gNIW 8HD . Indep•ftdtht E#mlMr: Phllip aar* ' . ets Floor. Re81s friou5t . 45Kire Willlam Street EC4R 9AN Company numl)•r. 09957497 Ch•rlty nthnbor. . 1167526
SAiZOURG EASTER FESTIVAL FOU14DATIOII For th• Jwfended ¥JJuM 2013 The trnee5 their report and the arcowts for tt year ended ao June 2023. They have been prep?Ted in airordance with the MemoraThdwn and Articles of A5&xiation arnl the recommendations of AccountSng and Reporting by Charitres: Statement of RcommerKled Prartice applscable to charities preparin8 their actounts in actwdance wth the FinarKial Reporting Stsndard inthe UX and the Republlc of Ireland (Charities SORP IFAS 102}1. Rofw•mte and •dmlnlstrotlv¢ det•15 Reference ?nd adfflinistratfve detsiLs are showi on page l ofthefinancfjal 5tstenn The trustees bvlK) seryed thecharity dUritr rle a5follow5: Michael Berger.Sandhofer Alberto 8adino Fran05co Gaudier Far8as Salim Abdool Hid PA(dlan The charitywas incorporated on 19January 2(ll6. Under its Memorandum and Articles ofAssociation. its main objeclive is the promotion ol aesthdic education and the adti¥ation and improvement ol publi¢ taste In musi¢ opero or other arts. The trustees ha re8ard to the Charlty con¥mi.5 (ance on tht publk benefit requirement when consldeyatlon vthat attiwt6es the chaffjty should undtrtake. thty tonfiim that they haw paid Out regard io ttrHsgdace dvrin8this deliberati. Appolntmtrt and el•rtloD oltrustees The trustees are unpaid and are ojrrentty fourln number. The numberfor a qwrum Ss two. If any more are deemed to be required. throu8h a la¢k of ski115, re5i8natr"(m or disqvallficatjon. they would be recMended bythè trustees for aPPONrtmert FIN¢101 r¥lew rew¥ts pollry) Toial Income for the accounting period was £48.02912022= £17.0811 and expenditure totaled £62.759 12022: £2.6451. Vnrestrirted reser4e5 at the ar e1 wert £54.04412022.' E68,7741. The Irv5tee5 had a8rted 2022 to de¥otÈ d¢natbMS towards the 2023 ftstival acitvitres. thu5 durin8 this actountir periodtwo contrlbutionsweremade to thepr(wanYne: In AU$l 2022 £25W6.71 {UI.Iwi and In April 2023 £24,462.28 {C40.{Kl. Risk manayrnemi The charity holds no ?sstts ¢thèr than ta5h. Tr trustees take thewew th* the main risks ofthe charity e fin¥ncl41. Yo mitl8ate any financial ri5l they use a reput¥llt bank and h¥hly qualffied advisor&
Forth? yew ended JO 2Q23 Pl•n% for the The level of sUPPOrt frIn this ar feturned to pre.pandwnic Iv4e15 and Charity recorded Its best year In temis of irKoming dorlon$51e rt was establisld. Thisenabled the trtee$ to rarryout a$planrIthe conirlbuli(Th enm5l8edduri the preMotLS flnandal year, ma"n8 grants of £60.309 {00.tY} In total. The Charity remaln5 a smaller contrilyrtortotheArts Int Unwl Kingdryn and ioits parent oreanisation In Austrla compared to other sponsor& Looki at the future. the Charity alms to Intrease its effort to pforne the apweciation of perIormi opera and classical music anNve thp British audience and to continue to support the longef-temi plans for ihe SalzlwrB Easter FeiVal throu8h selett contrlbutii)ns and dirert cultural Initiatives. Statement oltrust•e< r•spoMlb4lt•es The trustees Iwho are also dlrettors of 5aliLwr8 Easter Festival Fwwthtion for the puwes of companv lawl a r¢sponsiWe for preparin8 the report of the trustees and finala1 staiements in ac¢tydance th applicable law and reSatrOr Company13W ftquirès the Iru5tees to prepare finarKraf statements for each financial year. Under that l?w the trustees have elerted to prepare finandal statements in accordan wfjih Unfted Kin8d Generally Accepted kcountirq Praoice Iunlted Kir8dorn AccopJnt1 Standar(ls and applicable I1. Under company law the tfustees must not appro¥e the fiTharfb statements unless they ?re satlsfled that they give a true and fair view ol the stste of affair5 of the tharitable company and ol the Incoming resources and application of resource5, tndudin8 the income and expenditure, of the tharitable cgmp3ny for that period. In prepariTrJ thesefin?lal ststements. the truste are required to.. Select Suttable accounting p)licies and appty them Cr51$tenttr. Observe the metts>ds and prin(iples in Ch¥ilies SORP.. Make judgements and estimates that arè re•sonable and prudent: state whèther applicab VK Attovntin8 Starnlards ha been ft•llD4%ed, subiert to at)y maieAal departur*5 distbosed and explained in finanoal statements.. Prepare thèfin?ntial statements on theBoingconcem ba515 unless ff¢ ts Inapwopriatt to presume thotthe cbafitablecompany ¥hll continue in Iwsiness. The tnjstees are reSporIble for keeprre adequate accounting recards that arè sirfficient to and txpl34n the charItae companvs transartions and dbd05e With reasonable acujracy at any time the fin•ncial posrtion of the tharitable company and enable them to ensure that the financial statements cOmY with the Companles Art 2(M)6. Thty are also responsible for safe8uardin8 the assets of the charitable company and hencè fortakin8 reasonable steps for the pre1 and detealon of fraud and other i¥regularitlè5. Approval
•NI on hs lJeh&Ytrr. Alberto 8•dkno
LZBURG EASTEA FEsnvAL FOUNDATIOII Indep•nd•nt Examlnelsfteport t0thTrus•S Easttt Fe#ival F<Mmd•tion I report tothe tharity trustee5on my examination of the a(COLntsof the companylor the year ended 30 June 2023 whrch xe set outon pa8e5 5 to 7 Responslbllhlesand basls of rwt A5 the truxees of the comparry land also Its dtrn¢tors for wrposes of company law) you are responsible fof the preparitin of the accounts in accordafio with the requirements of thp Cry3nFes Att 20061.the 26A(l. Having satisfied myself that theaccounts of the company a rDt required to be audited under Part 16 of the 20)6 Aa and afe e1ible for bndependent examinion. I rewt in re5Pert of my examination of your cc¥nparfsatcounts as carried out under SÈttitin 145of thtCharitisAtt20111'the 2011 Act'l. In out my examination I haNY f10*d the Dlre(tions 8l¥en by the Charity Commlssion under sectfjon 14515llbl of the 2011 Act. Independent wnrfners smeme I have completed my examination. I confimi that no matters have come to my attentlon In connettton wfth the exarnin3tion 8iviThdme cause to believe thai any material respect: accoth)ting records not kept in respert of the a5 require<l ty sertkn 386 of the 2006 the actounts not accordwith those recoTd5; or the accounis do not tt¥Trpty with the accounting reqUIrenlS of sertion 396 ofthe 2&)6 Act other than any requirement that tht actounts 8ive a 'true and fair Vie whrch is not • mattèr coftsldered as part of an Independentexamination; or the accounts have not been prepared in accordaNe ¥rith the methods and prlnctrples of the Statement of RecThnmended Prattice for ac¢ounting and reporting by charlties lapplicable to harifies preparing their accounts in a(rdanCe with the Financial Reporting Standard applr¢able the UK and Rewblic ot treland {FRS 102}1. I have no concerns and have come across no other matters in tonnectiLM Wtth the examination to which attention should be drawn In this report in order to en3e a proper undustandin8 of the ac¢tsunts to be reached. Philip aark A2ets Regis M(se 4S Kin8 William Street London EC4R 9AN 04te
SAZBURG EASTEA FESTIVAL FOU14DATION . St•tefflent offinand•l at¢iwhles IIKOrpotAtl ¥n Income and •¢¢1) F¢r the yw ended Xljune 2023 . 2022 Income from:. DonètlorL4 48A129 17.081 Totol Inceme 48,029 17.081 Expendlture M= Chadtable xtivltles Support costs 60309 1450 2.645 T¢)tsl expulture 62.759 2.645 Net IoMe forthe year. net Mo¥eff In lunds 114.7301 14.436 Fund tlanCeS broughtfoTh•ard 68.774 54338 b314MKesc•ffl•d hn¥anl 68,774 All amounis rel*e to unrestricted fvnds and to continu1a(thIroeS. The notes on pales 7 to 8 form part Oft1 fman¢ial ststements
' Balanothas •t3OJw 2021 '. C4sh It b•nk•r4&kn h•nd 69h14 . 54A 68.774 Fund 54JM4 . 774 54Mi4 774 We confimi th•t: fortheyt•rended 30June 2023 the companyT$¢tIdeteX•ffjPtfr0rn ¥fidelI1on 477 of the Comp•nlesArt 2(1)6 Trllrrf Io gnalluwnpanie5: and The mtmbr5 ha hot required tk comp•y io audlt ol Its lor the ¥r 'We atDawled8t our SPonsIbl11S10r. Enwrin8 that the (omp•ny ••p% a¢(ounth¥ re(ords tA+thh c¢ynpty with sectlon 386 01 the C•mpafiltsAd 2(#)6: and Prnp•rin#the •CfQUhtswhi(h •Thd faiw¥wotthe stste ofthtrrf5 •ff•b5 •t 30 ne 2023 and ol $ results for ttr yew tkn ended In Kcord•nc• with the fequitemerts ol sertron5 394 and 395 and ¥• otheTr41s• compty with the regulremerts of thls Act tyl•t•nK to 4ctounts fara5 •ppkaWe ts the conwwry. These •c¢o(ffjts h4¥e wtpwed In •cwIththeSPedalP1sIDn1ryttO$ffl•l1£OmPIrtieS wlthift hrt 15 olthe Comp•nl•sAct 2(X)&. ThÈ fin•Kl•l st•tementsre •gw•ved tythe iN%tees and •UthNI for isweon . •nd ned •)n the beh•llty: rto 8adino
SALZOURG fASTER FESTIVAL FOUNDATION Re81steredfomwy numb•vl)YW497 Not•5 tothe finand4 #atTrerhts Forthe year end•d 3OJuThe 202J The SalzIrg Eastef Festival F¢yJndation is a wivate t<)mpany. Iwnited by guarantet. tlrmiitited in Eand and Wales The registered offKe Is assho¥m on the (ompèrw infrAmlDn on pa8e l. AccouTht1 polkles The fift3131 5taternents have been prepared under the historical cost convention and In a¢rordantewithAccountireand Aeportir¥bytharitie5.. Siatementof Rtcommended Practlce applicable to thrtles preparmg their acCOur in a¢cordance with the Financial Reportrng Standard 5n the UX and Republic of Ireland IFRS 1021 leffertivt i January 20151 (Charities SOAP IFRS 102}l and ihE Companies kl 21& bl Cash flthv 5t•len The charity ha5 taken a(Ivantage ot the 1¥5d05ure exemptton fespert of the requirements ol Sectign 7-Staterneni ofcash Flows". in wepariry these accounts a5 permitted by FRS 102 and the Charitie5 SORP IFRS 1021 Update &Jlktin l. cl Income rewnitlon All incoming resovrces we accoted lor in thestatement of Financial Artivities ISOFAI when the charity is le8allyent1etOthe1n¢0mt andthe arnount on be9uanttfdwith reasonabl accwacy. dl Empendltsrè rew4tlo l expenditure is accounted for on an acu1$ basls. and F5 allotated io the appropriate adin8 in the accounts and includes VAT. e) V#lue •dded t•M ValueAddedTax isnot rea>¥ernble tytreiharity. andassuth ts ilded in the relevant costs in the siatement of Finandal Atlivilles. The unr*strirted general lunds are those funds that art available for use at the dtstyetion of the trustees in furtherance of the8eneral obietlives of the ¢hafity.
SAL20URG EASTEP FESIIVAL FOUNDAT1014 Notes to the finnd sttht•n The financial statements of the dMrlty are preserrted In Sterltre. In preparir% the financlal statements, transa¢tK)n5 in ¢urrwKies other than Sterting are recogniied at the w rate at the dates of the trarsactrons. or at an a¥eraEe rate where this r*e approximates the actual rate at the datè of the traiisacbon. Ai the end of eath reportin8 periDd. monetary rtems dert1mmted in foreryn currendes are retranslated at the rates preVaIli at thatdate. Non- monetary rtems thai are measured in tenyts of historKal cost In a foreS8n currency are not retfanslated. Exthange differences are reco8nised in proffit and 10$5 in the perfjod In whlch 2021 Donotrf 60309 60309 Support and g(y4ern¥o costs: A¢courttan¢v Bank charqes ar•1 exchange dtfferen 1.610 Ixis 2.450 2.645 Cr•dltws . Acuiials 840