Pe£istered No. 09957497" FOR THE VUR Elm30JUNE 2Q3 *AD14X1Tr15• 1f40412024 OMPANIES HOUSE P•y ".Report olthetrustees lirKofpoiabn8 4 Llrectors, repwtl Independent EN￿lnerS Report ' Statement of finaMfal act1vi￿ (In￿1111￿ 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 trn￿ee5 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 R*commerKled 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 5tsten*n The trustees bvlK) seryed thecharity dUri￿tr* ￿r￿le a5follow5: Michael Berger.Sandhofer Alberto 8adino Fran05co Gaudier Far8as Salim Abdool H￿id 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 ttrHsg￿da￿ce 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 rec￿Mended 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 e￿1 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 A￿U$l 2022 £25W6.71 {UI.Iwi and In April 2023 £24,462.28 {C40.{K￿l. 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 frI￿n this ￿ar feturned to pre.pandwnic Iv4e15 and Charity recorded Its best year In temis of irKoming dor￿lon$51￿e rt was establisl*d. Thisenabled the tr￿tee$ to rarryout a$planr￿Ithe conirlbuli(Th enm5l8edduri￿ the preMotLS flnandal year, ma￿"n8 grants of £60.309 {00.tY￿} In total. The Charity remaln5 a smaller contrilyrtortotheArts Int￿ Unwl Kingdryn and ioits parent oreanisation In Austrla compared to other sponsor& Looki￿ at the future. the Charity alms to Intrease its effort to pforn￿e the apweciation of perIormi￿ opera and classical music anNve thp British audience and to continue to support the longef-temi plans for ihe SalzlwrB Easter Fe￿iVal throu8h selett contrlbutii)ns and dirert cultural Initiatives. Statement oltrust•e< r•spoMlb4lt•es The trustees Iwho are also dlrettors of 5aliLwr8 Easter Festival Fwwthtion for the puwes of companv lawl a￿ r¢sponsiWe for preparin8 the report of the trustees and fina￿la1 staiements in ac¢tydance th applicable law and reS￿atrOr Company13W ftquirès the Iru5tees to prepare finarKraf statements for each financial year. Under that l?w the trustees have elerted to prepare finandal statements in accordan￿ wfjih Unfted Kin8d Generally Accepted kcountirq Praoice Iunlted Kir8dorn AccopJnt1￿ Standar(ls and applicable I￿1. Under company law the tfustees must not appro¥e the fiTharfb￿ statements unless they ?re satlsfled that they give a true and fair view ol the stste of affair5 of the tharitable company and ol the Incoming resources and application of resource5, tndudin8 the income and expenditure, of the tharitable cgmp3ny for that period. In prepariTrJ thesefin?￿lal ststements. the truste￿ are required to.. Select Suttable accounting p)licies and appty them Cr￿51$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 reSpor￿Ible for keeprre adequate accounting recards that arè sirfficient to and txpl34n the charIta￿e 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 cOm￿Y 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 pre￿1￿ 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 t0th*Trus￿•S Easttt Fe#ival F¥ernble tytreiharity. andassuth ts i￿l￿ded 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 fin￿nd￿ 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 dert1mm￿ted 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