REGISTEREf) CHARITY NUMBER: 1191703 REP RT TRUSTE AND NA ITED FINANCIAL STATEMENTS F R THB YEAR ENDE 24 HASTINGS INTERNATIONAL PIANO Cassidys Chartci'cd Account&llls Soutli Sloiir Offic¢s Roman Road Mersham Ashford K¢nt TN25 7HS HASTINGS INT RNATIONAL PIAN CONTBNTS OF THE FINANCIAL STATEMENTS FOR THE YEAR NDE 30 JUNB 2024 Pag6 R¢fei¢nc¢ and Administrative Details Report of th¢ Tiu$tegs Indep6ndentExiniiner's Report Statement of FinHnGial AGtivilies Balan¢e Sheet Cash Floiy Statcmcnt Notes to the Cash Floiv Siat¢m¢t)t io Notes to the Finaiicial Stalcnicnls 11 to 18 DetAiled Slatenient of Financial A¢tiviti¢s 19 to 2D STtNGS INTERNATI NAL pfANO FEREN ATrQD ADm￿IsTRAT1VB FOR THE YEAR ENDED 3 ETAIL TRu￿EE8 Mrs S H Kowitz Dr Ii Wray M8 G E Qraham (resigtjed 15.10.23) J Marle M Lam {r¢bigned 13.6.24) A Keiih J Yco MBE N C Slri¢klaiid (appoiiilcd 19.7.23) P St¢ven5 (reSi￿ed 30.3.24) D Brown S Hopwood lapwTrint¢d 29.5.24) RECISTERED ofifiICE Wliile Rock Theatre While Rock Haslin8S E&sl Sussex TN34 IJX REGISTERED CHARITY NUIIqBER 1192703 JNDEPI4NDENT ICXAMINfi R Cassidys Ch8rt¢red Accountants Soiith Stour Offic¢$ Roman Road Mershain Ashford Kent TN25 7HS BANKERS Nation&1 W￿lMinst¢rBu￿k pl¢ HastlnES Havelock Road HasiiThg$ East Sussex TN34 IGW Tlie Co-op¢rativ¢ Bank pl l Balloon Street ManehEslri' M4 4F3E Page I ERNATIONA REP RTOFTHETR THE YEAR ENDED J TEES 2024 Tlie trustees pr¢senl their repDrt witb tlig finan¢ial stjtemenls of th6 chal'ity for tlie year ¢nded 30 Jiine 2024. Thc tNste have adopled ilie provi8ions of Ac¢oiinling 4nd Repoiling by Charities.. Stalemenl of Recoininended Practi¢¢ nppli¢dblG to ¢hArilies prepgrithg tlieir accoiujts in accordance will) the Financtal Reporting Sfandard appli¢&bl¢ in th¢ UK atld Republic of Ireland {FRS 102) (¢ffective l Janiiary 2011)). ORJlI,C'J'IVtsS AND ACTIVITIES Objectives Th6 obj¢ct for ivhich IlJ¢ Charity was fonned and prin¢ipRI activity coaJtinue5 to be lo advan¢e. improve and maiiitain public ¢du¢ation in, and appre¢iation of, the art of niiisic all its aspe¢ts. Slgnlflexiit Mcflvltle5 Tl)¢ I114rily acliiovos its objectiv¢ by slaging ft biemiiRI intemational piono fesliyal and inlernatitsnal piano ¢oncerfo otllpdition in Haslings, East Sussex nnd pioviding piibli¢ bonwils l￿d rtGÉthls. lo¥ether iviih y¢ar-roiind ¢dtivJlional and en8a8emcnl activilies and other miisical eveiits desk8ned to ¢n¢oiirage tlie appreciation of mii$ic among all ag¥ groiips. Piibllt benetii In s¢tlillg the charity's objectives ond plallnins its a¢tiviti¢& the truste¢$ hav9 given Consideration to and complied with ihe public benvfit guidanGe ￿lblIShed by tIL¢ Tharity Commission for Englind and IV&l¢s. ACHIEVEMELYT AIYD pERfiORf+lANCE Th6 Hasliiigs IiiterJiatlOJl?I I Pii2nV CDnc¢rlo Competition (HIPCCI h¢ld ¢v¢ry other year. Thc last coinpelilion ivas held in Feb￿￿rylMdY¢h 2024 at th¢ White Ro¢k Theahy, Haslings and atlracl¢d 240 tyoinp¢lilors flo￿ aT0￿nd th¢ ivorld. Each omp¥litor sLnt A short Yidco of ih¢inselY¢5 playing? whicli tbree jury niemb¢rs ival¢heif IA O¢lobei 2023 ttd catn# up wi¢h 40 finalists who weie invited to thv live ¢oJnp¢lition, Ten reserves werc lllso picked in casc of dropouts. In thr firsl roiind the 40 cojiipelitors play¢d two conctrtos iyiili all a¢companisl, froin ) sel list of classical aiid roin2L lltic ¢oiic¢rtos. After the first routid 20 players iveiE pi¢ked to perform a 28-niinul¢ r¢¢ilal prv¥rdmtn¢ of their own choice. Tliis had to include a five-Ininiit¢ solo Pi11no pitc¢ by illlenTrationally r¢noi￿led ¢ompos¢r L¢ra Auerbach, especially Gommi58ioned for th¢ c￿llp¢tit1On. For th¢ semi-finals ten s¢mi-finalists w¢r¢ pickcd to pcrform a fllll classiclll Goni¢rto wilh'fh¢ SDUtlibank Sinfonia a yoiing OtGh¢slrH bos¢d London with a growitig reputation tsf excrll¢Trc¢. The fJJial five compelitors hAd the ania7.ing opportiinity to perform a complete roiii#nli¢ piano concerto ivitji Ilje Royal Philharmothic Orclieslra. in front of a packed Ivhite RockTheati'¢. All thc roiinds iY¢r¢ slream¢d on the IIIPCC iveb5Lte and Yi¢wed by n)any iwal¢her6. Thanks lo a donation from the Isabel Bla¢knnott Foundation, all tickets lo tjie ¢Jrly slag¢s of the competition wete free. Ive reached out to a range of commiinily Rroups an(1 piiblir services ￿nd personally invited them to allend. We wer¢ liicky enoiigh to be visit¢d by a year flve class from Ore Vill8g¢ VriinaTy School atld rc5idents froni Old Haslin8s Housr cai home. During the compelition, & Piano was placed iii Priory Mc1( dows and mcmbets of thc public were invited to play on a Graiid Piano - this was highly SLICC¢Ssful aiid 50 performers of all ages and abilitie& including a competilor froin th¢ ¢omp¢tition played to those who catne inlo thr shvpping c¢ntT¢. Wc saw a ttal ris¢ in ovenll atlciidanco at the wnjpclilion, Iviili 1,410-dMy passe5 i551t¢d for Ili¢ fiTSt sla¥¢s. S¢at occiipancy iii Ili¢ coJnpeti¢ion showed an inereAs¢ fiom 1936 5¢ats in 2022 (b¢ing Ilie last year tlie coinpetition WA$ li¢ld) to 2268 in 2024- a growth of 17%. We ar¢ £11$0 (l¢lighle(I to r6poi1 a sigiiificallt 46Yo lJl¢l¢a8e iii BiOSS box office incoinc compared to 2022, from £22,338 to £32,561. We a¢lJieved this by taking a fresh perspc¢liY6 on ticket bands, overoll pricing sirai¢gies aDd discounts for certain groups. Th¢ next competition 1$ diiB lo b¢ Iitld in FcbriiRryIMarch 2026. Several ￿rther sucte5sfvI fQnCETts were hold tluoughoiit tlLP year, This incliides re¢ilals At Brighton Festival, South Downs Mi￿1¢ F¢s1ival, Blchingham Festival, Batilo Festival aiid a Summer Picnic recital at Fairlight Hall, Iljis Gonrvt wa5 Put on by HIPCC and over 200 p¢ople att¢nd¢d th¢ r¢¢ital aiid 70 attended thE recilal lunch. Pa8¢ 2 NTERNATI ALPIAN REPORT OR THE YEA F THE TRUSTEE NDBD 3 E202 Thc charity hss dev¢loptd an exceptional year.roiind eiigageinettt progromine to lake hi8h-qii)lity music itito the Iwal ¢oiiiinunity. Tliis includes taking o PiaDlSt ittlo care IioniE5 Ivlthin tlie lo¢al cDttiinunity. Throiigla ils woi-k willi local Schools. il has given rtiimeroiTS ¢hildr¢n lh¢ opportunity to attend youth workshops, p￿ror￿lIAnceS and mast¢rGlasse8. FINANCIAL RLI VIEW FIll￿11¢141 posltlon The principal funding sources of the FharAty are donulion5, Incmbersliips and sponsorships. Thesc or¢ ¢ss¢n*ial lo cnabl¢ the eompclilion and ¢0￿cert8 lo be lield) iilong iv£lh 5upporliiig Ilie ¢lkniiily's education and eng%1g¢mcnt prograinine. In yenrs Ivhen Ih¢ Compelilioo is h¢ld an incrcase iii Ili¢ principal fiinding sour¢¢s arc ¢xpected, alotig wilh the associafyd ¢o$ts or holding the event. Th¢ Competiliott was held during tlie year li￿der revi¢iv and tlie next coinpetition 18 diie to be Iield in FebTuarylMarch 2026. Dotiations in Ili¢ yeHr Linder T¢ViJV incrwsrd to £464,915 (2023- £114,354). Memb¢rslJips Ind sponsorsljips 2Llso increased 10 £44.02612023.. £11,993}. The Stat¢m¢rtt of Finanoiol Activities shows i surplus of £164,197 (2023.. E4.135) for the year and thE Balance Sh¢¢t shows total fiinds of £169,317 (2023-. £5,120) ot tho end of thB repDrting p¢rio(l of which £56.742 {2023.. £nil) are resirlcted funds. Tl)is was the third year of aGlivity for Ilie charity and alihougli it has been 2 cballellgitkg ye*r duE to the 0￿going cffcGt5 of tJi¢ Gosl-of-living crisis. the increisc in donalioiis, JnBThTrb¢iship sponsorthip is d¢L4iled in the acl)ieveineJ)l and performane¢ section above ljas liclp to geneialr tlie above iMPToved position. ReseNps pollcy TlJ¢ ¢liority r¢laitis sufficient fiinds for a iijirtimum vfthreB monilis ¢xi)enditiire ctssls. A5 at 30 Jiine 2024 lh¢ Lharily hhs no significant co￿n￿ltMcnts nol provided foi liability in Ilie aceoiints and ha8 iinrestri¢t¥d Iiinds 0£ £112,575. Tl)is meets tlie tar8et of three Inoiitb5 expenditure wsts ivhtdi would be in th¢ rcsion of £77,000. FUTURE PLANS In Education and oiilrcllcli tlh¢ Chaiily has plans to work in Jiinior Schools itj and rtrviijid the Hasling8 area- wli¢i'¢ ￿ bling in Iiprigljt Piano nd one of oiir finulists from Ihc cojnpciition to show PiiPAis wli81 a PiRno can soiind like - w¢ ljave already been ill fiY¢ 5¢110015 this y¢ar with three differ¢nt Piaiiisls and a worksliop leadcr. Thcsc liave be¢tt day projects, but w¢ aTC hopEng to increase the visits to weekly to proyidr continuity of rniisi¢ iii 8¢1iool$ throiiglioiit tho year. As part of thir educational ajid ¢ttgag¢m¢nt pro8ramJne w¢ are lookinB at fuiidiiig Piano le&￿]￿ for childrei) in priinary school, tiiablitig pupils to 8ain tliis valiiable ¢xp¢ri¢nc¢. W¢ are working with care homes to enabl¢ PiRnists lo head in to care hom¢s and perfor￿1 to Ilie residents. One vislt to Old Hastiii8s Care Hom¢ diiring the conipetition was very successful atsd the ie5idEnls got so mu¢h out of the sliort p¢rformance, giveji by oiic of thc comi)¢titors from Japlln. Th¢ Chaiity is also lookiiig &t offeri118 p¢rfoTTnRnces lo Dcmentia siiff¢r¢rs and th¢ir ¢ar6ts. Ivc are also looking at prtsvidirtg music to Baby and Tols groiip5. For oiir rec¢iJt winner Ive have A conc¢rl Will￿ tlic RDyal PhIlh￿mi0￿1¢ Owh¢strn at Cadogan Hall in S¢ptember 2024 - 4 recital at Si Mkrls Perivale in London in Nov 2024, pliis A gala eon¢¢Tt iii Sepl¢Jnb¢r 2025 with tliE Royal Pliilharmoiii¢ Oirhestra at Ihe While Rwk Theatre which has r¢aliscd ali int¢rtrst for there to b¢ a cla$si¢al seasoii at the While Rock Theati'e in 2025126. Thi>* lias alr¢ady 8Qt a very intcrcst¢d $Wbnsor to fiind o p¢r¢¢ntuge maybe up to 25Y* of thic co$ls Df IIIL5 concert. our Patron Sir Stephen Hoiigli will giv¢ i recital in mS￿h 2025. STRUCTURE, GOVERNANCE AND MANAGEMEI NT Goveynljig do¢uinent The charity is a ¢hthriiibl¢ IncorpoJ￿tcd organislltion {CIO} und was estfiblished by a constilulion dated 18 November. registered with the Charity C0111miS5ion on S D￿embe1. 2020. P4g¢ 3 TtNG INfERNATI L PIANO REPORT OF THE TR KTHB EARBNDED JUNB 24 8TRucfuRL GOVERNANCEI AND MANAGEMENT Reci'iiltment and appolntment ofnew triiste¢$ Evcry Iru51ec iiiiist b¢ a natural petsvtt Arld Iliero Inust b6 a Ininimiim of 3 ttustecs atld not iiiore tli&tt 12. In sele¢ting individuals for appointmertt as Iriistets, the tnislees miisi liav¢ regard to th¢ skills, kiiowledge artd ¢xperienG n¢ed¢d for th¢ eff¢¢live &(Iminishmtion of the chai'ity. Prtsspe¢liv¢ tnistees are s¢le¢ted and appointed by the ¢hfjir arid oikcr trustees who have recognised key skills that are n¢eded in running an Arts or8anIs&lioD, this in¢lvdes financial aciimen. yoli¢y anil r¢ctuilm¢nt kwwlcdg¢. Org8nls4ltlonal structure Tli¢ day-10-day opcraiioiis of the Charity air n]n by a D¢v¢lopin¢nt Director (Sarah Coop), R Comnjiintcdtions Dircclor (Nicky IV¢bb) and the G¢tt¢ral Manager (lan BTiEnall). Thes¢ roles ate supported by a full time Learning &nd Dev¢lopm¢nt Cooidinalor dnd a part tiine Coikntnunicalions assislanl. Alongside tbese rol¢$ ate Yolunl¢Ers- a Patrons coordinator, Aliitt)]ii Manag¢r and atL Op¢ralioJJ$ coordinatoi. An advert 1$ b#ing prepared to find a fiirth¢r voliint*ry posilivn Voliinfyer ittaJiag¢r. The Bo4rd of T￿sle¢S meels qvartei'ly to inanage the affairs of th¢ charity lo piDvid¥ strale8lG oY¢rsight and fjiiancial 8overnallC¢ of tli¢ charity. The ¢wr¢Jit chair of the TI￿Slee8 Sarrsh Kowilz is acting CEO aiid is the IIrl¥¥￿ted senior maiiager for day-to-day inattag¢ineJiL This is currently iiiider review os tlic charity looks to find a iiGw 5¢nior inanageincnt slnicture, IndiictTOEi IrAliilnE of iieiy truste¢ New Iruslccs are invit¢d and en¢outaB¢d lo attend o s¢1'ies of short training se$sions lo faMil8ris¢ themselves with tjie ihaiity and the eonlcxt iviihin which it op¢rot¢s. The5# will cover: Tli¢ obligations of the ItU51¢¢s Tlie main drtiimeiils ivhioli set out the optratiojial fromework for tlie ¢hRrity R¢50ur¢ithg and the ¢ui'r¢nt financial positioii as s¢¢ out iii thc lale81 piiblished a¢¢oiints. I CompE¢ition Plano Concert Edu¢alioiial a¢tiYili¢s Cornpelitioll Incom¢ Concert lrtcome Edu¢atithi Iii¢om¢ 69.805 6,Q27 27,933 RAISING FUNDS RAl$liig ilonatloiis aiid legielts 30.6.24 30.6.23 indraising expens¢s 2,030 CHARITABLE ACTIVITIES COST8 Support costs (sce nol¢ 81 Dir¢¢t Costs Tolals Piano Cornp¢tition Piaiio CoDGert Ediicalional activities Oeneral aiid siipporl costs 249,664 9235 8,821 249,664 9,235 8.821 204 489 267 720 204 489 472 209 SUPPORT COSTS Inforniation te¢linology Governan¢e costs Management Financ£ Totals G6neral and support Msts 617 Pag¢ 13 continiiEd... TES TO THE FtNANCIAL STATBMBNTS- eontinue FOR TFIB YBARENDED 30 3 NET ]NCOMEIIEXPENDITURE) Nel incomel(expeiidilute} is slated aftcr ehargingl(crediting)'. 30.6.24 30.6.23 Independettt ¢xamin¢Vs fees for the ¢xatnitJatioJi of the f￿ancial Statonienls Ind¢p¢Ldoiit ¢xamin¢¢$ f¢es for a¢¢ountalJCy 5ervi¢¢$ 1,260 293 1,080 517 io. TRusfEESf AND Irtpaytn¢nl5 and iiiGthii¢ 400 613 15. CIIEDITORS: AMOUTr4TS FALL￿G DUE IVITHIN ONE YEAR 30.6.24 30.6.23 Trade creditors Social se¢iirity and other tsxes Other eredilors AcGtuEd expenses 23,713 266 359 3,429 78 8,665 16. MOVEMENT IN FufqDS Tqct rtioveniEnt in fiujds At 30.6.24 At 1.7.23 Unrestrlcted fiEnds Generol fund 5.120 107,455 112,575 Re8trIcte(I fiin(Is EdU￿tion & Eiigagement 56,742 56,742 TOTAL FUNDS 164 197 169 317 Pa8e 16 continued... JNTERNAT rBST THE FINANCIAL STATEMENTS- c OR THB YE 2024 in io. MQVEMEP4T IN IIUNDS- ctsndiiued Nel movement IA funds. included in til¢ Bbov¢ wr¢ as follows.. Incoming r¢S0￿ri¢S Resoiirces xp¢ttdEd Mov¢meiit in fiinds Unre$trlcte(I fiinds Q¢neral fund 555.221 (447,766) L07,455 Restylcted fiiiids Ediication & Engagement 23-24 CoJnp¢tilion 56,742 56.742 TOTAL FUNDS 638 463 474 266) 164 197 CompAI'allve$ for inovemeiit lil fiiiid$ Net moyement in fiinds Al 30.6.23 At 1.7.22 G¢neral fiinlRlling £20,000 (2023.. £25,200) &lLd incmber8hip ￿lbScriptIOnS of £5.60012023.' £nil} wer¢ received from tnisiees of Ihe charily. In addition, doiiations of £145,000 {2023.' £86,463) were received from th¢ Kowitz Fpmily Foiilldation (UK) Limited, a ¢liArity irt which Mrs S H Kowil£ is a trustee. There wcrc n conditions ￿￿ttached to th¢ donations. Dur51￿ llie year tlie charity mnd¢ i￿6 Df Fairlighi H811 Esl¢?t¢s. a bNsittes$ owThed by tt ¢loso family m¢mb¢r of Mrs S H Kowilz. to T¢duc¢ ¥xp￿sE$ with r¥gar(l$ to ¢￿1*18 lield by the charsty. £10,56512023'. £2,496) w&s charg¢d to the ¢liariry during ¢h¢ year by F8irli8111 I4all Lslates, bcing lcss than Ilie acti￿1 ¢osl in¢urr¢d by th¢ biisin¢ss. A8 at 30 JUL¢ 2024 £Thil (2023.. £1,556) iyas due to Fairlighi Ha￿[ Estaies. Pag¢ 18 HASTING INTE IONAL PIAN DETAILE STATEMBNT FOR THB YEA F FINANCIAL ACTIVITI ND 30.6.24 30.6.23 INCOME AND ENDOIVMENTS Donatlons logfft¢lo$ DotTratiott$ fjift aid Orants Subs¢riptLOnS 464,915 3,W5 40,550 14,354 6,250 11.993 558,996 132,597 Otlier tradliig #etlvltles Fiindraising events 2.923 IiiYe5triient Incom¢ Bank interest received 3,635 218 Cliai'ltable octlvltle5 Competition Inc￿ne CopLrrl Incoin6 Ediication Income 69,805 6,027 27,933 Total Ineomlng i'esouY¢¢s 638,463 67,321 EXPENDITURE RHlslng don&tlons leEaele5 FiiDdiaising ¢KP¢nSE5 2,057 2,030 ChRI-Itable hcilvltles Comprtilion Bxp¢n%¢s 249,664 9,235 6,408 55,854 Educalioii Expettses 267.720 64,512 Suppoi't costs Maai&genient Wagts and fees Pehsions Carfied foiivard 178,248 320 178,568 85,313 367 85,680 This page does not form pirt of Ili¢ statutory finallcial statements Pagc 19 GS INTERN NAL PIANQ DETAILE FOR T T OF FtNAN IAL ACTIVITIES YBAR E 30JUNE2 3Q.6.24 30.6.23 Mgnfigement Broiight fonYArd Other operating leases Insiirance Telephone Postage lind sttttion¢ry Advertisiiig 178,568 4,436 85,680 3,001 40 275 1,498 2,710 898 517 80 778 1,784 4.078 5.957 3,298 114 Siibscriptions CvmpLilri' Costs Compul¢r ¢ouipm¢nt 200,424 94,619 FIT]Aiiee Bank charges 1,895 428 Inftrrinxtlon techiiulogy Repdirs renewJls 617 Governance costs AcGoiinlan¢y fees Total r¢8oiiir¢s expended 474 266 163 186 Net IneDiiie 164.197 This pag¢ dott not foNn part of iho sLilutory financial sthtements Pa8e 20