Registered No. 099S7497
SALZBURG EASTER FESTIVAL FOUNDATION
(a company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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*ADYfIL3L*
2110312025
COMPANIES HOUSE
A12
#103

SALZBURG EASTER FESTIVAL FOUNDATION
Financlal statements for the year ended 30 June 2024
Contents
Page
Reference and administrative information
Report of the trustees {Incorporating a directors, report)
Independent Examlners Report
Statement of financial actwities (incorporating an income and expenditure account)
Balance Sheet
Notes to the financial staternents

SALZBURG EASTER FESTIVAL FOUNDATION
Reference and administratlve informatlon
Trustees:
Michael 8erger-Sandhofer
Alberto Badino
Francisco Gaudier Fargas
Salim Abdool Hamid Moollan
Registered office:
22 Cliveden Place
Belgravla
London
SWIW 8HD
Independent Examlner:
Philip Clark
Azets
2nd Floor, Regis House
45 Kin8 William Street
London
EC4R 9AN
Company number:
09957497
Charity number:
1167526

SALZBURG EASTER FESTIVAL FOUNDATION
Report of the trustees {Incorporatln8 a dlrector's report)
For the year ended 30 June 2024
The trustees present their report and the accounts for the year ended 30 June 2024. They have been
prepared in accordance with the Memorandum and Articles of Association and the recommendations of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard in the UK and the Republic
of Ireland (Charities SORP (FRS 102)).
Reference and admlnlstratlve details
Reference and administrative details are shown on page l of the financial statements.
The trustees
The trustees who ser¥ed the charlty durin8 the year were as follows:
Michael Ber8er-Sandhofer
Alberto Badino
Francisco Gaudier Far8as
Salim Abdool Hamid Moollan
Constitutlon and objects
The charity was incorporated on 19 January 2016. Under its Memorandum and Articles of Association, its
main objective is the promotion of aesthetic education and the cultivation and improvement of public
taste in muslc, opera or other arts.
The trustees have re8ard to the Charity Commission's guidance on the public benefit requirement when
conslderation what activities the charity should undertake, and they confirm that they have paid due
regard to this 8uidance during this deliberation.
Appolntment and elertlon of trustees
The trustees are unpaid and are currently four in number. The minimum number for a quorurn is two. If
any more are deemed to be required, through a lack of skills, resi8nation or disqualification, they would
be recommended by the trustees for appointment.
Flnancial rev5ew lincludlng reserves policy)
Total income for the accounting period was £37,652 {2023: £48,029) and expenditure totaled £36,874
12023: £62,759). Unrestrirted reserves at the year end were £54,82212023: £54,044). The trustees had
agreed durin8 2023 to devote donations towards the 2024 festival activities, thus during this accounting
perlod one contribution was made to the programme in June 2024 of £33,862,111É40,0001.
Risk management
The charity holds no assets other than cash. The trustees take the view that the main risks of the charity
are financial. To mitigate any financial risk, they use a reputable bank and highly qualif led advisors.

SALZBURG EASTER FESTIVAL FOUNDATION
Report of the trustees (incorporating a directorfs report)
For the year ended 30 June 2024
Plans for the future
The level of support from donors this year decreased from the previous financial year. which was boosted
by the upcoming 2024 festival proBrarnme, but rernained at a level that was higher than in 2022,
This enabled the trusteesto carry out as planned the contributions envisaged during the previous financial
year, making 8rants of £33,862 (C40,0001 in total.
The Charity rernains a smaller contributor to the Arts in the United Kin8dom and to its parent organisation
in Austria compared to other sponsors. In 2024 the Charity started initiatives directly aimed at making the
musical offering of the Salzburg Easter Festival available to younger audience and music students in
England. Lookin8 at the future, the Charity aims to increase its effort to promote the appreciation of
performing opera and classical music among the British audience and to continue to support the longer-
term plans for the Salzbur8 Easter Festival through select contributions and direct cultural initiatives.
Statement of trustees, responslbllities
The trustees (who are also directors of Salzburg Easter Festival Foundation for the purposes of company
lawl are responslble for preparin8 the report of the trustees and the flnancial statements in accordance
with app5icable law and regulations.
Company law requires the trustees to prepare financial statements for each flnancial year. Under that
law the trustees have elected to prepare the financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice Iunlted Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable cornpany and of the incomin8
resources and application of resources, including the income and expendlture, of the charitable company
for that period. In preparing these financial statements, the trustees are required to:
Select suitable accounting pollcles and apply them consistently•
Observe the methods and principles in the Charities SORP;
Make jud8ements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any materia
departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inapproprlate to presume
that the charitable company will continue in business,
The trustees are responsible for keeping adequate accountinE records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financlal statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Approval

SALZBURG EASTER FESTIVAL FOUNDATION
This report was approved by the board of trustees on 20/03/202land signed on its behalf by:
Alberto Badino
Trustee

SALZBURG EASTER FESTIVAL FOUNDATION
Independent Examiner's Report to the Trustees of Salzburg Easter Festival Foundatlon
I report to the charity trustees on my examination of the accounts of the company for the year ended 30
June 2024 which are set out on pages 5 to 7.
Responsibllltles and basls of report
As the charity trustees of the company {and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 2006 {'the 2006 Act'l.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examinatlon, I report in respert of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carryin8
out my examination I have followed the Directions 8iven by the Charity Commlssion under section
145151{b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connertion
with the examination givin8 me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the 2006
Act; or
the accounts do not accord with those records. or
the accounts do not comply with the accountin8 requlrements of sectlon 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view, which is not a matter considered
as part of an independent examlnation; or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities [appllcable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 102}J.
I have no concerns and have come across no other matters in connection with the examinatlon to whlch
attention should be drawn in this report in order to enable a proper under5tandin8 of the accounts to be
re
Philip Clark
Azets
Regis House
45 King William Street
London EC4R 9AN
Date 2D Itsxi

SALZBURG EASTER FESTIVAL FOUNDATION
Statement of financial activities
(Incorporating an income and expenditure accountl
For the year ended 30 June 2024
Notes
2024
2023
Income from:
Donations
37,652
48,029
Total Income
37,652
48,029
Expenditure on:
Charitable activit￿5
Support costs
33,862
3,012
60,309
2,450
Total expendlture
36,874
62,759
Net income for the year, being net movement in funds
778
{14,7301
Fund balances brought forward
54,044
68,774
Fund balances carried forward
54,822
54,044
All amounts relate to unrestrlcted funds and to continuing actSvlties.
The notes on page$ 8 to 9 form part of these financial statements

SALZ8URG EASTER FESTIVAL FOUNDATION
Balance sheet a5 at 30 June 2024
Notes
2024
2023
Current assets:
Cash at bank and in hand
55,662
54,884
Llabllltles; Amounts falling due within one year
840
Net current assets
54,822
54,044
Funds:
Unrestrirted reserves
54,822
54,044
54,822
54,044
We confirm that:
Forthe yearended 30June 2024 the company was entltled to exemptlon from audlt under section
477 of the Companies Act 2006 relating to small companies: and
The members have not required the company to obtaln an audit of Its accounts for the year in
question in accordance with section 476.
We acknowledge our responsibilities for:
Ensuring that the company keeps accounting records which comply with section 386 of the
Companies Act 2006; and
Preparing the accounts which give a true and fair view of the state of the company's affairs at 30
June 2024 and of Its results for the year then ended in accordance with the requirements of
sections 394 and 395 and which otherwlse comply with the requirements of this Act relating to
accounts so far as applicable to the company,
These accounts have been prepared in accordance with the special provisions relating to small companies
within Part 15 of the Companies Act 2006,
The flnancial statements were approved by the trustees and authorised for issue on 20103120
and signed on their behalf by:
Alberto Badino
Trustee

SALZBURG EASTER FESTIVAL FOUNDATION
Re8lstered cornpany number 09957497
Notes to the financial statements
For the year ended 30 June 2024
General infomiation
The Salzburg Easter Festival Foundation is a private company. limited by guarantee, domlclled in
England and Wales
The registered office is as shown on the company information on page l.
Accounting pollcles
a) Accounting conventlon
The flnancial statements have been prepared under the historical cost convention and in
accordance with Accountin8 and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard in the UK and Republic of Ireland (FRS 102} (effective l January 20151 (Charitie5
SORP {FRS 10211 and the Companies Act 2006.
b) Cash flow statement
The charity has taken advantage of the disclosure exemption in respect of the requirements
of Section 7 "Statement of Cash Flows" in preparing these accounts as permitted by FRS 102
and the Charities SORP IFRS 1021 Update Bulletin l.
c) Income recognltlon
All incoming resources are accounted for In the Statement of Financial Activities {SOFAI when
the charity is legally entitled to the income and the amount can be quantified with reasonable
accuracy.
d) Expendlture recognitlon
All expenditure is accounted for on an accruals basis, and is allocated to the appropriate
heading in the accounts and includes VAT.
e) Value added tax
Value Added Tax is not recoverable by the charity, and as such is included In the relevant costs
in the Statement of Financial Activities.
f) Fund accountln8
The unrestricted general funds are those funds that are available for use at the discretion of
the trustees in furtherance of the general objectives of the charity,

SALZBURG EASTER FESTIVAL FOUNDATION
Notes to the financial statements
For the year ended 30 June 2024
Accountln8 policies- continued
8) Forelgn currency translatlon
The financial statements of the charity are presented in Sterling. In preparing the financial
statements. transactions in currencies other than Sterling are recognized at the spot rate at
the dates of the transactions, or at an average rate where this rate approximates the actual
rate at the date of the transaction. At the end of each reporting period, monetary items
denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-
monetary items that are measured In terms of hiStOr￿al cost in a foreign currency are not
retranslated. Exchange differences are recognised in profit and loss in the period in which
they arise.
Expendlture on charltable actlvltles
2024
2023
Donation
33,862
60,309
33,862
60,309
Support and Bovernance costs:
Accountancy
Bank charges and exchange differences
840
2,172
840
1,610
3,012
2,450
Credltors
2024
2023
Accruals
840
840