The Svetlanov Le8acy Charity IA conipany limited by guarantee) Company Number 12845149 Unaudited Finaneial Statements For the Year Ended 31 August 2024 The Svetlanov Legacy Charity (A company limited by guarantee) Index Pa8e Thlgtees, Report Ilalance ￿eet Statemffit of Finand01 A¢tlvitie8 Notes fv the Finèmaal Stalen￿1)￿ Independent Exathiner's Report The Svetl*ttov Lepey Chrity (A eompany Ixmited by guar*nteel Txugteeo, Report lindudxn8 a Directors, Report) TJW tru8t¢wldlrector8 pre*nttheir annual ￿P)rt and th¢ fiThan¢lal sM*ment$tsf thi$ d)arttable¢ompanyfor th¢ year¢nded 31 AusuSt2024. LBgal Admlrti•trtlive Infornialioil congti￿l10rt The Sveilanov 14acyChartty Is &CompAlly iunfited by Cuarantee ReWstÉfÈd eompony D￿Mber J2845149 ChArlty re*tratitinnumbÈr 1191117 R¢8l•teRd O(fKr Flat 61 The I4￿enIX Barrettstreet tA)ndonWIU IBB C Hoare &Co 37 Fl* Street London EC4F4L Phillipe BrnesEMull Charlés Ellln The pte*nt In￿t￿have the p>wer to appDSnt new trusttts. There were no ch8ft8esof truslees duth8 tmsyear. Struclmre, Governan¢e and Mana8*fftenl The Sveilanov Le8acy Charity Isa tharitablÈ company Ilmlted by suarant* which wa6 ine0t￿rated on and 8fftrned by It$ Artides ofAssoclation dated 28 Augu* 2ry20 Ea¢h member ofthe ¢Dmpanyls TÈquir*l to &Y>ntribu￿ an amount ntrt eK¢eedln8 £1. ShO￿d the u)mpanyl* v￿Und up WI￿le I￿16he is a member, or wlthin¢)ne year afterhelshe ceafes to ￿ a tnembw. The trustee9 are the mem￿r$ and dlrertor6 ofthe co]npany. The Svellanov Leyey Clwity IB re8i6teted withtheCharityCommlB￿0Tr for England and WalÈg and the date Df reW8tsatioTh was 2 ￿tem￿r2￿0. Obleth oftl* Clwity To ut1118ethelesacy of the dlgtin8Ulsh￿ ctsmpÈèrand conductor EvsenySvptlaThDV to advan￿the edu¢atlon the public In, and lo fvrther tho appredation and ￿￿O￿anCe￿(the art of mubl¢, bYpro￿tin8kntrw1edgé and aPPTe¢iatlon of the Illeand worksof Ev8eny Svellanov through the pursuitof a broad ranse of activltie5 and pro8rammes includins the promotion of Evseny SvetlaThov'smu4lcal work* tomposltt¢n5, recoTdths5 and pubiicatlvh& the arr&n8ementof perfoTrnance&oEhtsworks and the promc>Uott of regearth around hi5 lifcand work To advaThtsedueatk>n itt, and appreciaiion and understandin8ofrnu&ic and mus5cal c0mpos1tto￿ Ineludin8by the arran81Th8 0 onducdng ¢ompetition5and the PrOv￿lO￿of hJwi¢lai ond maieriai $uppotL sehol•rship6 and prlzes to mustdan8and musl¢ Sludents. Tofurtherglch othercharilabie P￿rPOseS aa the tru•ttts thlnk (It. Attlvllle• In Jun¢2Q22 trilth EvgeThySvetl4nov Jntornationa) Conducdn8 Compelitlon was held In Monaco and AtEracied a large numk*ruf aspirins partlcipants from across the world. The tru6teesldlrector8funded thlF co]]alx>ration wlth vthET POrt1Èg a￿d Itw4Fa hu80 SUC￿sS in showcasins tho ta]entAnd promi* ofyounsconduetors. tru5￿5/dI￿toIs are collaboratlnswlthothets and wlll provide ￿ndIngftsr th¢ Sixthcompeudott to beheld In 2(126. Work ha$ begun to develop and wnstruct #We￿te devot¢d to thesvetlanov Competlttoii. The tiuthsldirectors w511 help kn $upportand fund'ThcSvollatKw d&y6' which will beor8anised Slobally invoLvin6 the orche$tTa$with whlth Evsenysvajanov worked dukinshi8¢areer. The Svetlanov le8acy CharAty IA company limited by gwJnteel Trusteeg, Re ort (AncludAn8 a DirectOXg' Report Appolntty¢ffitof Tty$le¢8 Ind ¢hthrftyorg4019415on The Charityls managed by the tru9lee￿djroctor6 who are appoin￿ under tcrmjofthe tru8t deed with daily adrnitd5ttation lot the perlod of theso hnartdai $tate]hent6b¢5ng doaltwlth by Karen Wall. No fundrAlalt)8 Ig underlakerl to gvpporl the workaf the Charlty. Vlfj•rrti#l v¢vlew ond p¢rE0r￿n¢t InOctokr21)21 the Iru$teeg f¢LTivd by way ofvApendAble endofflnent, the prv¢¢ed$of $)le nf hvoSwedishpropertlety net of peth￿$ and Swcdlsh tax. The all￿Un1pa1d to the I￿￿t*sWaS also netof a deductlon of a payffientmA￿ on Ih¢lr behal¢ In puNuaDte of thtiT ain￿ and obioctive4 of£ 225,786.￿ to suppori thc FLlih Ev8eny Svot]anov IniernationolCondts¢tlnsCompetition held in Monaco Inlune 2022. Ineomlttg Yesour¢e3 lotalledL4OA49.9512023.. 03,￿.591. The ITUStee5aTe 5ali6fied wilh the fLnancial FQSitlon of the(Jwrity conhrni that they have adequate Asseis avallable to fulfil the1tobli￿Mtsns. Dutin6thÈyeaT under review the trusleesmadesix P023..twol donatlonstoevldence and promote thelraims atLd objectives, includln8 payJnentln sUPlX)rtof the Slxth Bvseny Svetlarwv Internatlottal Cunductlns Competldvn held In B￿rn￿n8h4M In 2026. Total donatlon6 made was£168,898.1212023.. £141A52.411. R¢viw of th¢ #etlvilié•and tutute developmen1• The trust￿61dlTertors used fundgthry recÈlved In(knber2021 hom the sales of propermeslt) Sw¢d¢nto contribute to, ond promote acr088 the world, fifth Ev8eny Svetlamv Intemational ConductinsCompelLtion in Junc21f12 whichdraw50n the volueg he cherlshed. TrIY)MpÈd￿Qn'? mi55ion 15 tohe]p youns ronductor5 at the irsinninsof their car&r and to support &nd suide theTll. The trustee5ldlreLltsrg a￿ collaknTatin8 Wlth othéTS and will provide fundins for the Sixth CompÈtition held irt 2026. Work has be￿￿n ￿ develop and u)n5tsuct a webslte devoted to thesvetlanov CompelttknrL Ev8erLySvetlanov'S wish was to establi¥h a speapj award inrenowtwd muslcal ins￿tUtiOn6, The flrst award wag Sti2023 theRoyal Academyof Muslc and wlll be repeated everyfouT yearg thereafter. It wlll be yven to a lalented [nuslda￿ conductor oi comp)serselecled by the Academy. Marlna Bowerls in dis¢u8$k)n8wlth t￿PariS ConservatoryCNSMtO 8Tant them an award ¢ftho 6arr*amouftt for their talented conductors or Comp￿[$. The t￿8teeSldlrth)r$ wjll help to suppottand fund"TheSvetJanovd8ys' whl¢h wlll be organised glohlly SJ)Vrdin85 will be 8lvert by promlnent muslclang Srtcludln8 ￿rne n￿MberS oforcheslras wkn worked wlth hlm. HI5 Invsic Wbll ir played ￿ bToaden the musical educattnn. The tru&trfdirector&expect the fir8tof these to orcur within two y&its. A tnalgr ptuiecl ha5 LDTtunenced to dI￿talIZe Maestrosvetlanorfs cataio8ue as aeomposer. The tru5teesldlrector¥ Int¢nd to cottunlsslon new work5 fromYariDU5 ￿ented com￿se[& They have ¢¢-¢0mn￿$slol￿d a Th wi>rk by Thierry E5thaichfi)rthel(Kith anniversary of Gabtlel Fauré'Bdeoth. Ch￿1￿• Publi¢ BeneEII The malThacttvities undertaken to furthÈr thèCharity¥ purpofes fur thÈ public ￿nEfI￿are the contributions to Flfth Evwy Svetianov Internattonal ConductlngComWltlonlTh June 2022 and to the Sixt& Evseny Svetlanov Inlernattonal Conductlns Cornpetjtion to ￿ held in 2026. The trustee￿d1[ectOtr Lvnlirm thal they have referred to the suidance contained in the CharityCornmis8Lon's seneral suidan an publie bénÈfi* whÈrt revtewins thecharily'saims and obFCtiYes aT￿ In plannln8 Éutureacllvlt Re•erve• Poli¢yand Ilxgk M4ft48emeftt Tk *ru%tee%ldiTector8' policy iB to have reserve8 to coverthe costsof thec(>mFetition and distribute suTrlu6 jiicorne (supplemented byLaPltall to pay don4tlon$ trj otkr regj8le￿d cknTilies pmd m*t governancq c06t8and eventually to fully di%tributeb)thincome and capital bands. Tru￿te¢l r¢wpomoibilitie• in telation to the financlal •latement• The Irustee4 who are also the dlreel()T5 ofTheSvetlarLOw Chrity fr>r thÈ purposes of t(bmparty law, ate tegPOnèiblÈ fr)r prepatring a ttu4taes' anhual rwTI and finan¢ial $latettwits In accordance wlth appllcabie law and United Klnsdom Accuontln8 (Unlted Kinsdom Cenerdlly Acwted Ac(x)unlln8Praetteél. Company Ikw rgqtiires thp 1Th￿t*s to prepare Flnanclal StatetMerLts Éor eachyear. The Sv¢t]onov Leypey Clwity (A company lirnitsd by 8u•rJntee) Tr￿Stee5, Report (indlldin8 a DArertor8' Report) Tnth• r¢TDnvlbllilio• In relatloato Ihe tlnaRctsl•latemenl• Iconthiuedl Under compony IAW, theTrUs￿MUsinot￿pPrnve the financlat btstements unleJ& they4re 8atiJfied that ￿ 8ave o and lair vlew of The Sv¢tian¢v Lesa¢yCharlty'8 Stateof aEf4ir* and oEltsinty)me and appll¢atlo* oerewtsrw Indudin8118 Ino)meaT Èxpèndlture forthat prlod. Jnprèparinsthese finandai Btatèments, ts Ir¥8tw are r4uited tth. - ￿leCt Suitable accounting PDlSdes &nd apply themthnststently: . Ob￿¥8 themed¥)d8and principle8inthe &pp]icable Charitie8K)RP2Q19 (TrILS102 . niakeludSets￿ts and e&timateBthatoroEeason4bLe and ptuden¢ - pw•Tr the fiftaftei￿ statementson the solnsconcembasl$unieBtsltl#lnapproprlateto pre5uEM that the LX)mpanywill continue Sn I￿$￿￿0$. The ttu8tetsarere6ponslble for. Illkegplng pYoperaccountlnsr*ord8 W￿th. dl4dc*e wlth rea￿Dable accuratyat amy Ilme the Anancla] POBLtlonof the companyi and embie thern to etMure thattr* hnancSaJ slatern￿ts complywlth the Comp•thles Aet 2￿. atKi Illl sAfeguardmgtheagoel•of the¢harityand ts￿￿8￿￿90￿ab1e 8W6x the preventitinATrJ detectionof fr￿d at)d other iryulariti¢8. Thls rcwrL whith was prepared In aLiI)rdant¢ vAth the prLivlSIOJS W cuinpanles, was appn)ved by Ihv ITu8i¢e8on thin Parl 15 of the Compan*e¥Aetr2O￿rej41lftglv 9mall 2025 and 8lsned on Ilieirbeha]f by.. The Svetlanov Lesacy Charity (A company limited by 8UJTantee Company Number 12845149 Balance Sheet as Jt 31 Ausust 2024 Nole Ca6h 658,764.48 81LIM4.71 Les•: Cteditot• Amounts fallLn8 due withi.n one yeAr Net Current Assets io 1194.(KJ 65&570.48 To¢alAy8el8 Le85 cl￿nt Liabilitieo 656,570.48 811,(PU.71 Represented by.. Expendablc Endowjncnt Income Attount Iunrestiictedl Total Charityiluj 653255.86 3.314.62 8116,884.06 4160.65 656 570.48 81L044.71 These accounts have been prepared in accordan￿ with the special provi5LOIiS relating to a>mpanie wlthin Part IS Df thcCompanle& Att2￿￿. Fortheyearended 31 August 202£ thewnpany was entitled to exernptif￿ fro￿ audlt under￿U0n 477 01 the Companle4 Art 21NJ6 relatln8 to smaSI compamies. DiredoYs' respons1￿lItIes. - The members have ]￿t rewired the company to obtaln an audlt of its accounts tor the ￿Or in qu(￿tion in accordmce wlth sectlon476,. - The thredors acknowled8e thelr re5portslbilltes for complyln8 with therequitements ofthE Companles Ad 2(M16 wlth Tespect to accountin8 tecord8 andthe preparatlon of ￿tO￿nts. The ftnancial statemonts were approved and authorised for i&8ue by the Board on 2025 si￿a on bth4lt of th¢ board of dir¢¢¢o Maiirta Bower (TrusteeJDA"redor) The Svetlanov Legacy Charity andudins an Income and Expenditutt A¢count> Statement of Financial Artivities foT the year ended 31 Au8USt 2024 No¢¢ Umres¢ri¢ted Expendable Endowment Income Fund• Total Futhdy Total Fun41• Incorne attd endowrnent• Endowment Donation8 ljher incon i.(KX). 29J49.95 i.tKKJ. 29.349.95 8J33.59 To•al ITheott* and Eftdowmertl 30349.95 30.349.95 8*33.59 Expenditure Expenditure on Charitable Activitie8: vernance C05ts Totsl E%penaxlore 15,269.92 15.926.(I5 31,195.98 153,628.20 168,89&12 15,92&06 14824.18 141.452.41 34W3.83 176,146.24 153h28. Net Income 1846.031 (153.628.201 115£474.231 1167.31165} NetMoventrAt in the Y¢•r 1846.031 1153,62&201 I1￿474.23) (167,312.651 At31 Au8u•t 20 NetmDvernentvE resources Intheyear 4.160.65 1846.031 8Q6A84.06 1153h28.201 811.044.71 {15£474.23) 978.357.36 {167J12.651 At31 Ausugt W4 3,314.62 653255.86 656,570.48 811.IkM.n The Svetlanov Lesacy Charlty (A company limited by guarantee Notes to the Financial Statements for ihe year ended 31 August 2024 l G¢ner•l Jnfomutiott The Svellanov Le8acyCh#rity 16 a charitable L￿npanY 8ovemed by its Article80f A85(Kiation dated 2 AusuBI 2020 and registered in En8land attd W3]e5. Its re￿istered address isFlat61 The PhoenlK BarrettStreetLot)don WIU IBB. Itis re￿￿tered charity in Ertsland and Wale& ITegi&lerEd nuTnber 1191117). The tharity nosharecapital. Itt the eventofth¢thatity be]nswi￿nd up theliability in re3pec* of the guarantee LS limited to Él per metniEr of Ihecharity. 2 Ba&iJ of Pwavation The linancial statementshavebeEnpreparcd in acLy>rdan￿ withAccoutttittg ènd Reporting by Charitits.. Statement of ReCoW￿dea Practico applicable to thorititspreparing theirac￿llnts in accordan￿ with the Finanoal Repoitins Standard oppli¢able in the UKandRepublicof Ireland IFRS 1021 li55ued OL*ober20191-ICharilies SORP (F￿ 1021, the Financial Rep¢rt¢ngSMnd•rd applicable in theUKand Republie of Ireland IFRS 102land the ritivo Act2011, thecornpanies Act 2￿6 and UKGertetally Accepted Accountins Pra(tice. TheThatity cym5t1￿te3 a publicbenefjtentity Ès defined by FPS 102. The tru5tee5 considertheTe arern material uncertainties abotst the Charity's ability to Lymtinue as a ¥oin8 conttrn. The financial 51atetnents are presented in Sierlins which is the functional cllllencyuf Ihecharity. B*818 of Accountin8 111]n¢ome Recognition Ail inconung tr80urtts areincludod in theSt8tementofFinanci81 Aetiviti£8whentho charityjslo8￿lY entitled to the inc¥)me and the amountSt3 comprise all cosls irtvvlvins public accountsbilityof the Charity And Its complfjantt With regulation and g￿d praLIicE. T•x•tlon The tharity ignot]lableto corporation capilai sains ta¥ orln¢ometay. 3. Information re8ardkn8 Twstee8 and Employee The tru8t had noemployees and no trugteetecYIv￿ ternuneratiixiduring theyear. Only two trustres were refjmbursed for¢)utof pkket ExppnsÉs durins the year. The Iru8teeB haveTLOtpur¢ha¥LxI indetnnity insuran￿. The Svetlanov Le8a¢y Charlty IA eompany Ilmlted by suarantrel Notes to the Flnancial Statement& for the year ended 31 Au8USt 2024 Donatiott8 2024 Donatlon I.￿0. IAWO. 5. lthvebtmenl and Other InL¥Jme 2024 Inte￿61 received. C Hoare&Co 29,349. 29,349.95 8,833.59 8,83359 & Expendable Endowment 2024 7. Expendlture on Charftable Adivitie8 Grants made SixthEvgenySveilanov International Conductin8 Compettlio Grant to individual leremy Sitigercharitable Trusl Nimr(Kl BorensteiTrComp￿et-8y￿ph(mY comml Royal Arddemyof Music Cziffra Foundation Evgeny Kissin-LY>mp(*er- expenseB 129.915.12 135,452.41 &cx)o.LK) 5.(YJO.(XJ 15,(X)O. I0.￿￿.(￿j 8,n3.08 269.92 168,898.12 141,452.41 8. Govexttattce Coota Inde￿ident examiner'$fee5 Lesal fees, profe55Lonal fee5 and expenses Admini8iration and accowitanLy fee5 Trustee'a exper CompaniES Houseke CHoare &Co Bank tharses 1160. 3,8DJ.40 3,SM).rK) &052.16 3L( 376.50 IS.￿6.[ 27230.21 1.510. 5,568.12 13.(N) 37150 693.83 2024 C Hoate&CocLrnt•ceount C Hoare& Co deposit account C Hoare&conotl￿ account 6,511.51 2,252.97 650,￿.(￿} 658.764.48 497.12 IfA),547.59 650,thD.(K) 811,04QYI 10. Credlto Amounts fallln8 duewlthin 0￿7¢•r. Independent e%aminer'$fees 2023 2,It￿.[1) 1194.111 The SvtllAnov Le8acy Charlty IA company limited by 8uaranlee) Notes to the Finandal Statements for the year ended 31 Au8ust 2024 IL RelatÉdFartyTr•n•￿llottO NoTThJ8tee or ¢onneLted perdonmay rettiveanybeneAt In money or kIt￿ ftomtheTharity other than (￿t of pocket exwseB. Durinsthis year.Marina Bower was pald outofpo¢kelexpet)seB of £5,965.16 andcharlfs Buin was pald tOfpocket￿Pa￿? of £87.CX). Whmera decision i¥ taken whether¥t a meetkn8 oretherwtse. • confllcted tru8teemuBtdeclareth¢nattLre and extentof at)YI￿At or interestandbeabsait from the dea8ion tnakinsproce88otherthan to darify facls. Thettustee5 have coThqidered pÈrwttal or other IntereBtsin whlth as a re5uliol a dedsknmad￿anIndIy1dual or entity may benefll fiswI(yallyorotherwJs¢ dtherdtreetlyor ind]r￿y. Tht Svetlanov LeyryChaTity Independent BKanthi&&Report toUL¢ olThe STellanovLegAcyaLatity I rep>TttothEcharltytrustee5 on my eum7￿tIC￿O￿the&¢Co￿n18oFthe company lotlkye*tertskd 31 Atsgust2024whith #ie 8et out¢)np8e6 4 to S. Re•pot￿*bIl1t1Q&￿￿d balliof report As tharity t￿tee6 ol the company l&ttd a]Èo ils dire¢tQTg for tk putPL*es o( cornpany lawl you art rebtthslble Eot ptepyation of the aCCCunts CO￿￿￿￿WIth therequirernonts Art2W61'the 20fksAeVI. Havin8 6Ati5fied myge]f that the a