REGISTERED CHARITY NUMBER: 1192703
PORT OF THE TRUSTEES AND
UNAUDITED F￿ANcIA
STATEMENTS FOR THE YEAR ENDED 30 JLWE 2025
FOR
GS tNTERNATIONAL PIANO
C&ssidys Ch3rt¢r¢d A¢¢ountanis
South Stour Office5
South Stour Road
Mershat
Ashford
Kent
TN25 7HS

HASTINGS tNTERNATIONAL PIANO
CONTENTS OF TIIE FINANCIAL STATEMEN75
FOR THE YEAR ENDFD 30 JUNE 2025
Page
Reference and Administrative Details
Rep)rt of ihe Trustets
Ind¢pendettt Examine￿$ Report
Statement of Financial Activities
Balatkce She¢t
Cash Flow Statement
Notes to the C&sh Flow Statement
io
Notes to the Finaajcial Statements
11 to 19

HAsfrNGS INTERNATI
NAL PIANO
REFERENCE AND ADMNislliATJVE DETAILS
RTHE
ENDED 30 JUNE 2025
TRUSTEES
S H Kowitz
Rwrny
J Marten
A Keith
J Yeo MBE
N C Strickland
D Brown
S Hopwood
T Adartjs (appotnted 24.02.20251
REGISTEREDOFFICE
White Ro¢k Theatre
White Rock
Hastin85
East Sussex
rN34 IIX
REGISTERED CHARITY
NUMBER
1192703
INDEPENDENT EXAMIYER
Cassidy$ Ch8rter¢d A¢¢ountants
Souih Swur Offices
South Stour Road
Mersham
Ashford
Kent
TN25 7HS
BANKERS
The Co-operative Bank plc
Balloon Sireet
Manchester
M4 4BE
Pag¢ I

HAST￿Gs INTERNATIONAL PIANO
REPORT OF THE TRUSTEES
FOR T
E YEAR EFkDED 30 JUNE 2025
The trnstees preseftt their reN>rt with the financial statetnent5 of the charity for the year ended 30 June 2025. The trustee5
have aitopt¢d the provisions of Accouniing and Reporring by C.haTities.. Ststement of Recommended Pta¢ti¢e applicable to
charities prepaTing thtir accounls ita ￿CordIn¢e with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 (effective l January 2019).
OWECTIV£S AND ACTIVITIES
Objeetives #nd aim$
Th¢ object for which th¢ charity was fomi¢d and principal activity continues to be to advance, improve and mainthin public
education in, and appre¢iaiion of. the art of music in all its aspects.
SlgnSfie*nt Ietlvltles
The charity achieves its objective by sts8ing a biennial internattonal piaTho ¢on¢erto ¢omp¢tition in Hastings, East Susgx
and providing public con¢¢rts and recitals, toge¢her with year-round educational and engagement a¢tivities and other
Inu5ical even15 designed to encoura8e the appreciation of music among all age groups.
Publie beTrefit
In s¢ning th¢ ¢haritys objectives and planning its activitie& the trustees have given consider&tion to and complied with the
public benefii guidan¢e published by the Chariiy Commission for England and Wales.
ACHIEVEMEiwfs AND PERFORMANCE
As our competitioTh is biennial thi5 year was our non-competltion year.
The T¥ustees and Ex¢¢ytiv¢ Team have inwested time in developiftg our organisational structure alongside growing our
presence locally, nationally and within the Worldwide Piano Competitton arena. We appotnted our first Finance Director in
November 2024. as we develop our op¢raiions.
We continue to work with our prize winners. providing $p¢¢ialist tuitiofj and support to prL)gress th¢ir ¢ar¢¢rs ihrough a
series of perfonnance opportuniiies. This has included suc¢e55ful conccrts at Cadogan Hall. St Mary's Perivale. Fairlight
Hall. Battle Abbey and at Festivals such South Downs Summer Musi¢, Brighton F¢stival and Festival d'Auvers.
Our annual pirni¢ ¢on¢ert is rLOW firmly ¢stabli5h¢d in both the local calendar and widcr music CErcuit. It also %rves a
bridge between our WO￿ supporting ¢merging artists and our work in the local community. As ever it was ¢x¢¢ptionally
well atteTrded by around 200 people from the local arca.
In March 2025 we were delighted to have our patron Sir Stephen Hou8h perforniin8 for us at Fairlight Hall.
Our Leaming and Panicipation team have WOTked hard to ensur£ we deliver classical rnUSLC Lll way5 and pla¢¢s that deliver
equitable accessibility. We have eS￿blIshed links with local community at3d ¢are settings. stJ¢h as St Mich2¢1's Hospice and
Broomgrove Community Centre, where our emergita¥ artists perform¢d to r¢5id¢nt5 at no cost to the cart providers. Our
sehools programme has grown and we delivered a ran8e of primary schcM)I sessions again 8( no eosl to the schools thanks to
OIIT generous fund¢T$ and 5UPPOrter5. Our one day workshop with Saxon Mount Special N¢ed5 School wa5 particularly well
received and we hope to further develop our schools offer.
February 2025, Ha5ttll85 International Piano eo-d¢liver¢d a ¢ollaborativ¢ ¢reativ¢ musi¢ ond arts showcase with Or¢
Village Primary School, Hastings Coniemporary and the White Rock Theatre, and &8 part of the Pearls of the Sea
programme. combining music-making with visuol and perfom7ing arts activities. The final p¢rforniane¢ of the
pupil-designed composition. with Hastings ltttemational Piano piaTLiSt Gabriele Sutkute. was well received by over 250
family and friends.
Page 2

FL4STtN'GS JNTEILNATIONAL PIANO
REPORT OF THE TRUSTEES
FOR THE IEAR ENDED 30 JUNE 2025
We trialled a new mental health wellbeÈng workshop called Sounds of Creativity with hcal artist Sophie Malpas. Th¢s¢
sessions give participants the opportunity to listen to selecied piano pieces whilst developing both their own and the groups
artworks. We partnered with White Rock Theatre to deliver these sesstons. These will continue *n 2026 after the next
¢ompetition.
None of our work would be possible without the Coniinued support of our Patrons attd marty significant grants and
donations from Sussex Comrnunity Fund, Kowitz Fatnily Foundation. Th¢ Swire Ch8rity, The Foreshor¢ TrusL Magdalen
& Lasher Charitable Trust, Postcode Society, Chalk Cliff Trust, Arts Council Et>gland and Lawson Trust, amongst many
others.
FINANCIAL REVJEW
Financi91 position
The principal funding sources of the ¢h2rity are donations. memberships and Sponsorships. These are essential kn enable the
competition and concerts to be held, alon8 with Sup￿)rt￿n8 the charity's education and engagemeni programme. In years
when the ¢omp¢iition is h¢ld an in¢rease in ihe principal funding sources are expected, alotlg with The associated Costs of
holding the event. There was no competition held durin8 the year under review, the next ¢omp¢tition will be held in
F¢bn2arylMar¢h 2026.
tknnations in the year under review were £108,567 (2024.. £464,915). Memberships in the year were £31,458 {2024..
£44,026).
The S¢at¢ment of Financial A¢tiviti¢s shows a defi¢it of £20,75112024.. surplus of £164,197) foT the year aad the Balance
Sheet shows tolal funds of £148.566 {2024.. £169.317) at the end of the r¢tx)rttng period of whi¢h £8,163 12024.. £56,74?)
are r¢stri¢t¢d funds.
ThÈs w&s the fourth year of activity for the charity and although it has b¢¢D a ¢hailengittg year dtje to th¢ ot)8oing ¢ffe¢ts of
the ¢ost-of-living crisis we were able to Use our reserves to maintain our charitable output.
Reserve$ policy
The charity airns to retain Sufficient funds for a minimum of thr¢e months expenditure costs. As at 30 June 2025 th¢ ¢harity
has no signiftcant commitments not provid¢d for as a liabiliry in ihe a¢¢ounis and has uniestricted funds of £140,40312024:
£112,575). This is below the projected target of £159.900 {2024.. £77.0001 for the next year. which due to being
competÉtion year requires higher funding. The Trnst¢es held a strategy day in July 2025 and from that are developing a new
organisational structure and operatln8 model. The Trustees belt¢ve these positive actions will support the charity's future
activtties and achleve reserves itt Itne with their poli¢y. The Cha¥tty also has ihe ¢ontioued support of th¢ Kowitz Family
FO￿ndatIon (LTK) Limited and US Friends of Ha5ttngs PiarLO.
Page 3

L PIANO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JL'NE 2025
FUTURE PLANS
2025-26 is sel to be our busiest year yet. Our moin focus will be gn delivering our next wmpetiiion in FebnJary/March
2026. Entries closed in September 2025 with shortlisting hY4ving taken place in late October 2025. EntrÈes have Encreased by
20&/0 awareness of our competition continues to grow.
We had an extended Picnic Weekend in July 2025 with ov¢r 240 att¢nde¢s OCTOSS ihe events, a large Gala Concen with the
Royal Philhamionic Orchestfd, conducted by Scott Dunn, in Septetnber 2025, providing our recent winners with additional
performance opportunities. Previou5 finalist Derek Wang is scheduled to perform sev¢ral concerts for us in¢luding one in
New York for our Ameri¢an Friends.
In education and outrea¢h the ¢harity has plans to continue to work in schools in And around the Ha5tit)gs arei particularly
through schemes to give School age children aecess to wat¢hing liv¢ ¢ompetition ¢1oss¢s alongside our pwgramme of
bringing pianists tnto schools.
We have a range of outreach programtne5 scheduled iTh the run up to th¢ next Competition including a wel¢ome return of our
Musi¢ in ihe Meadow sessions. placing a piano in the local shopping centre that anyone can book to play on and all can
listen to. The Painted Piano Pmject is a new progrdmme where we will panner with lo¢al Community groups like S¢avtew
Proje¢t Homeless Service and local artists to deliver art and tnu51C Ln open community settings.
We will continue with care homes to ¢nabl¢ piapists to head into care homes and perfomi to the residents alongside specific
sessions for Dementta sufferers and their carer5.
We will ¢oniinue to support our recent and new winners with a serKes of perf0rn2n8 OPPQrtunitke5. not le&st the Winner5
Concert at Wigmore Hall in May 2026.
STRUCTURE. GOVERNANCE AND,MANAGEMENT
Coverning document
The charity is a ¢h&ritsble in¢orN)rated OTgan15ation ICIOI and was established by a constitution dated 18 NoYemb¢r,
regisiered with the Charity Commission on 8 December 2020.
Recrnltment #nd Appolntmemt of trustees
Every trustee must be a natural person and there must be a minimum of 3 trustees and ijot more than 12.
In selecting individuals for appointm¢nt as trustees, the trustees Ellu5t have regard to the skills, knowledge and experience
needed for the effective administration of the charity. Prospective rrustees are select¢d and appointed by the chair and other
tn]5tees who have recognised k¢y skills that are needed running an Arts OTganisation, thi5 includ¢5 financial aGumen.
policy and recrniimeni knowledge.
Organtsxtlonal strueture
The d&y-to-day operdtions of the charity are run by a Development Director (Sarah Coop), a Communi¢aiions Dire¢tor
INi¢ky Webb) and the Concerts & Competition Mana8er (lan Br2gnall}. Thes¢ roles or¢ supported by a full tim¢ L¢3rning
and tkvelopfftent Coordinator, a part time FinaTrce Director and part lime Communicatiotis aod Developm¢nt assisiants.
Alongside these role5 are volunteer5
a Patrons Coordinator, Volunteer Mall2ger, Alumni Manager and an Operations
Coordinator.
The Board of Truslees m¢¢ts quarterly to manage the affairs of ihe charity and to provide strategiG overstght and financial
goveman¢e of the charity. The ¢u]Teni chair of the Trustees Sarah Kowitz ÉS acting CEO and is the delegated senior
tnanager for day-to-day management. This is ¢urr¢nily under review as the ¢harity looks to find a new senior management
structure.
Pag¢ 4

HASTINGS IwfERNATIONAL PIANO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
SI'RiICTURL GOVERNANCE AND MANAGEMENT
IDduttion trnining of new trustees
New tTUStees are invited and encourBged to att¢nd a seri¢s of short training sessions to familiaris¢ themselves with th¢
charity and th¢ CQDtext within whi¢h it op¢tat¢s. These will cover.
Th¢ obligations of the trustees
The main doeuments whi¢h set out the operational framework for the ¢harity
Resourcing and the CUTrettt financial position &s set out in the latest published a¢¢ounts.
Key thanagement rernuneratio
The trustees consider thai the irust¢e8 the D¢velopm¢nt Dire¢ior, the Communi¢&tions Dire¢tor and the General Manager
are the k¢y Managemeni petsonnel of the Charity. All tNstees give their time freely an no trustees receEved remuneration i
the year. ReM￿ner￿110n for other k¢y managemeni p¢rsonn¢l is approved by the trustees.
Risk mADxgemeDt
The trustees have a duty to idet)tify and review the risks io which the charity is exposed and to ensure appropriate controls
are tn pla¢¢ to provide re&wn&ble &ssurance a8ainsl fraud and error.
The charity is subject to Fittancial. Le8tslativt and Operational Risks and has taken steps to mitigate such risks.
FÉn8n¢ial Risk
The charity aims to dtversify its sour¢¢$ of funding, whÉ¢h are primarily from it5 operations {including ticket sales and
¢ompetition entry fet5}, privat¢ donations and 8rants. The charity is a¢tiv¢ly pursuing grants io assist with its outreach
plans, in particular for the eduealional ¢v¢nts planned as part of H￿ting$ lllt¢mation&l Pi&llo Festival. Ha5ting5 Internatsonal
Piano matntains a multi-tiered patrons, scherne to encoura8e support for the concerto competition atkd the piano fesiaval. The
charity is also pro-active in encour￿]ft8 support from local orgattisatiorts and busjnesses.
Legislative Risk
The charity maintains a Risk Register for its health aTrd safety at their ¢v¢nts. Procedures are in place to ensure compliance
with child protection; two m¢mbers of stsff ar¢ ¢nhan¢¢d DBS ¢he¢ked and are Mental He&lth first aiders. Policies for
h¢alth and safety of Staff. volutttcers. competitors, adjudicator5 and audience members are up to date.
Operational Risk
As well as the risks outlined ab)ve. the charity faees additsonal operational risks, including the risk of unavailability of
venue5 on destred dat¢5. lack of competitors. unavailability of adjudi¢aiors and redu¢ed audien¢e members. These risks are
mittgated in the d¢velopmeni of our st￿l¢gI¢ plan, which allows for the divcrsification of fundin& activities and venues.
and in the agile mattagement of our operations.
roved by order of the board of trnstees on..
and signed on its behalf by..
rs S H Kowits- Trustee
Page 5

INDEPBNDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HASTIN
tNTERNA TI
NAL PIANO
Independent examlner's report to the trtssiees of Hastlngs International Plano ('the Ch#rity')
I report to the charity trustees on my ex8mination of the 8¢wunts of the Charity for the year ended 30 June 2025.
RespoN5ibilÈties bx5is of report
As the charity's tnJs(ee$ you ar¢ r¢S￿￿$1b]e for the preparation of the a¢¢ounis in a¢¢ordan¢e with th¢ r¢quir¢m¢nts of th¢
Charitie5 Act 2011 (Ihe Act'l.
I report in respect of rny examinatioEJ of your charity's accounts as carried out under Se£tion 145 of the Act and in caTryill8
oui my examination E have followed The Directions given by ihe Charity Commission under Section 145(5) (b) of the Act.
Ind¢p¢nd¢nt ¢x8miner'$ $tat¢meDt
SÉ#¢e your ¢harity's gross irtcome exceeded £250.000 yo￿1 examiner must be a member of a listed body. l ¢an ¢onfLmi that I
am qualified to undertake the examinotioTh because l am a member of the Insti￿te of Chartered Accountants in England and
Wales. which is orte of the listed iy)ditS.
I have ¢ompleted my ¢xamination. I co¢Jfim) ihat no matters have ¢ome to my attention in cortnertion with the ¢xaminatio
giving me ¢aust to believe..
accounting records were not kept in respect of the Charity as required by Section 130 of the A¢t- or
the a¢¢ounts do noi accord with those re¢ords,' or
¢h¢ a¢¢ounts did rto¢ comply with the applicable requirements con¢eming the foml and content of a¢¢(>unis set out i
the Charitxes (Account5 and Reports) Re8ulations 2008 other than any requirement that the account5 8lVt a 'true and
fair. view which is not o matter considered as part of an independent exaJnination.
I hav¢ no wncerns and have wm¢ across no other matters in ¢onneciion with the examination to which att¢niion stiould be
drawn in this Teport in order to enable a proper utlderstanding of the atcounts to be reached.
S G Whorltsw FCA
Cassidys Chartered Accountants
South Stour Offices
South Stour Road
Mer5ham
Ashford
Kent
TN25 7HS
Dare..
Page 6

HASTIN
NO
STATEMEN'T OF FINAN
IA
FOR THE YEAR ENDED 30 JUNE 2025
30.6.25
Total
funds
30.6.24
Toial
fund5
Unrestricted
fund
Restricted
fL*nds
Notes
IliCOME Af*D ENDOWMENTS FROM
Donations and l¢gacies
153.468
55.666
209,134
558,996
Ch4ri¢4bl¢ g¢tlviti¢s
Piano Compdilion
Piano Concert
69,805
6,027
21,708
21.708
Oth¢T trading activities
Investmeni income
Other income- Orchestrd Tax R¢li¢f
4,890
2.187
18,082
4.890
2,187
18.082
3,635
Toial
200,335
55,666
256.001
EXPENDITURE ON
Raisitt8 fund5
3.237
3,237
2,057
ChY4ritablt Aftivities
Piano Competition
Piano Cottcert
Educational activities
General and support ¢osts
5,444
5,000
93,801
5,444
59,189
93,801
115,081
249,664
9,235
8,821
204,489
54,189
115 081
172,507
104,245
276.752
474 266
NET IP*COMEI{EXPENDITURE)
27,828
148.5791
120,751)
164,197
RECONCILIATION OF FUNDS
Total funds brought forward
112.575
56.742
169.317
5.120
TOTAL FUNDS CARRIED FORWARD
140403
8,163
148,566
169.317
The notes fonn part of these fEnancial stat¢m¢nts
Page 7

HASTINGS INTERNATIONAL PIANO
BALANCE SHEET
O JUNE 2025
30.6.25
Total
funds
30.6.24
Total
funds
Uniestrict¢d
furEd
Restricted
futids
Notes
FIXED ASSETS
Tangible assets
13
860
860
342
CL'RRENT ASSETS
Debtors
Cash * bank and in hand
14
79,653
79,653
131437
1,013
197 380
167,017
44,073
211,090
198,393
CREDITORS
Amoynis falltng due within one year
15
127,474}
135,9101
(63,384)
(29,4181
NET CURRENT ASSETS
139.543
147706
168,975
TOTAL ASSETS LESS CURREwr
LIABILITIES
140,403
8,163
148,566
169.317
NET ASSETS
140.403
8.163
148 566
169J17
16
Unr¢stri¢ted funds
Restricted funds
140.403
8.163
112,575
56.742
TOTAL FUTr4DS
148.566
169.317
The financial statements were approved by th¢ Board of Trustees and authorised for issue on
and were signed on its behalf by..
S H Kowitz. Trusttt
The notes form part of these financial statements
Page 8

4STfN
PIA
CASH FL
TATEM
FOR THE YEAR EINDED 30 JUNE 2025
30.6.25
30.6.24
Notes
Casb flows from operating ietivities
Cash generated from operations
Tax paid
{46,91.3)
18.0821
160.045
N¢1 cash (used inVpn)vided by operating activities
160045
C85h Ilows from inv¢$ting a¢tivitles
Pur¢has¢ of tsngible fixed assets
Nei cash used in investing activities
Cb8Age eAsh eash equivalents tb¢
reporting period
Cash alld cash equivalent5 8t the begittning
of ¢h¢ r¢portillg period
(65,943)
159,589
197 380
CAsh And tgsh equiv2l¢nt$ at the eod of the
reporti￿% period
131437
197 380
The notes fonn part of these finan¢ial stat¢m¢nts
Pa8¢ 9

HASTI￿Gs LNTERNATIONAL PIANO
NOTES TO THE CASH FLOW STA TEMENT
FOR THE YEAR ENDED 30 Il￿F 2025
RECONCILIATION OF NET {EXPENDITUREyINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
30.6.25
30.6.24
Net {expendit￿rtyINeoffie for the reporting period {a5 per the Statement
of Fin3DciHI Activities)
Adju$tment$ for".
Depreciation charges
{Increaselldecreas¢ in debtors
Increasel{dtcrea5e) in creditors
120.7511
164,197
430
{60.5581
33,966
3,188
7.454}
Net C25b (used inyprovided by operations
46913}
160045
ANALYSIS OF CHANGES JN NET FUNDS
At 1.7.24
Cash flow
At 30.6.25
N¢¢ cash
Cash at bartk and in hand
197.380
65.943
131.437
197380
65 943}
131437
Total
197380
65.9431
131.437
The note5 fonn part of these financial statements
Page 10

HASTINGS INTERNATIONAL PIANO
NOTES TO THE FINAN
IAL
TA TEMEN
FOR THE YEAR E￿￿ED 30 JUNE 20?5
ACCOUNTING POLICJES
Basis of preparlng the fin#tsei*l siateffttnts
HastiTrgs International Piano is a charitabl¢ incorporated organisation, registered with the Charity Commission in
England and Wales. The charity s registered number and r¢81Ster￿ office address ran be found on the Reference
attd Administrative Details page. The fEnancial statements of the charity, which is a public benefit entity under FRS
102. have beeft prepared in accordance with the Charities SORP IFRS 102)'Accounting and Reponing by Charitie5'.
Statement of RecoEMm¢ndcd Practice applicable to charities prepsring their accounts In accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019),.
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,
and the Charities A¢t 2011. The financial staiements have been prepared under the hisiorical cosi ¢onvettiion. The
presentation ¢￿TrenCY of the financial statements is Pound Sterlin81£) and omouTrts are rounded to the nearest £.
Incotne
All income is reeognised the Statement of Financial Activities once the ¢hartry has entitlement to the funds, it LS
probable that the inctsme will be received and the amount can bc measured reliably.
ExpeDdlture
Liabilities art recognised a5 expenditure as soon a5 there is a legal or constructive obl￿gatiOn committing the charity
to that expenditure, it is probabl¢ that a transf¢r of ¢conomi¢ ben¢fiis will be required in s¢ttl¢m¢nt and th¢ amollot
of the obligation be m¢a5ured reliably. Expettditure is accounted for on an accruals b&8ss and has been classified
under headings that aggre8ate all cost related to the ¢at¢gory. Where costs ¢annot be directly attrtbuted to particular
h¢adtng5 they have been allocated io actiYili¢5 on a bas15 consistent with the use of resources.
T#ngible filed issets
Dep￿¢￿atIon is provEded at the followtn8 annual rates in order to write off each a5seÉ over its estimated useful life.
Computer equipment
25Vo on cost
Tax*tion
The charity is exempt from corporation tax on its charatable activities. The charity ha5 taken advant%e of Orchestr&
Tax Relief where available.
Fund #ceounting
UTrrestrtcted funds can be in aecordance with the charitable obj¢ctiv¢s at the discretion of the trustees.
Restricted funds catt only be used for particttlar restricted purposes within the objects of the charity. R¢5trictions
arise when specifJ¢d by the donor or when funds are raised for particular resiiicied purposes.
FLkrther explanation of the nature and putp)se of ¢a¢h fund is iTr¢luded irt the notes to ihe financial statements.
Hire purchase and leg$inE commitmtnt$
Rcnta15 paid under operating leases are charged to the Statement of FiThaTh¢ial Ae¢iviti¢s on 8 strdight line basis over
the period of th¢ l¢ase.
Pension costs other post-retirement benefits
The charity operates a defined contribution pension scheme. CoEJtribuiions payable to the charity's pension Scheme
are charged to the Sthtemeut of Financi￿ Aciivities in the period to which they relate.
Pagell
continued...

ONAL PIANO
TES TO THE FÉNANCIAL STA TEMENTS- ¢ontinued
FOR THE YEAR ENDED 30 JUNE 2025
ACCOUNTING POLICIES- continued
Debtors And ereditors due withlrt one year
Debtors and creditors due within one y¢8r with no stsied int¢resi rate are rec4)rded at iransa¢tion pri¢e. Any losses
arising from impairtnent are recogni5ed &s expenditure in the Stat¢m¢nt of Financial Activitie5.
DONATIONS AND LEGACIES
30.6.25
30.6.24
DoThation5
Gift aid
Grants
Subwriptions
108,567
13.036
56,073
31.458
464,915
3,005
46,550
44,526
209.134
558.996
Grant5 received. in¢luded in the above. are &s follow5-.
30.6.25
30.6.24
Arts Council England
Other grants
2.950
53.123
20,000
26.550
56.073
46.550
OTHER TRADING ACTIVITIES
30.6.25
30.6.24
Futkdrdistng ev¢nts
4.890
INVESTMEIYT INCOME
30.6.25
30.6.24
Bank interest received
2.187
3.635
Pag¢ 12
ontinued...

HASTINGS tNTERNATIONAL PIANO
NOTES TO THE FtNAN'CIAL STATEN4ENTS- continued
FOR THE YEAR ENDED
'NE 2025
INCOME FROM CHARITABLE ACTIVITIES
30.6.25
30.6.24
Activity
Piatio Competitiort
Piano Concert
Comp¢tition Income
Concert Income
69.805
75.832
RAISING Fur4Ds
R*isiDg dor&8tion5 Attd leg•cies
30.6 25
30.6.24
Fundraising expenses
CHARITABLE AcfivITIES COSTS
Support
costs (see
note 8)
Direct
Costs
Tth￿S
Piano c.ompetition
Piano Concert
Edu¢aiional aciivities
General atEd 5UPPOrt costs
5,444
59,189
93,801
5,444
59,189
93,801
115.081
115.081
158,434
115.081
273,515
SUPPORTCOSTS
Infomiatiotj
technology
Governance
cost5
Management
Finance
Totsls
General and 5%JPPOrt costs
982
19,614
4,076
115.081
Page 13
continued...

HASTINGS INTERNATIONAL PIANO
NO'I'E
'io'tIlE TrINANC.IAL S'I'ATLMENT
coiiunv
PIET tNCOMEI{EXPEP4DITLIIE)
Net incornellexpendilurel is slotrd aft¢r chargin¥l{crcditsngl'
30.6.24
Independcnt exainincrfs fees for the examiiiaiion of the financi21 ststements
Independent exaiminer's fees for aecountaiy services
1.200
293
io.
TRUSTEES, AND KEY MANAC.EMENT REMIINERA TION AliD BENEFIT.8
iere w¢re no trustee5' r¢inunera¢ion or othtr benefits for the year ended 30 June 2025 iior for die year ended 30
Ju11c 2024.
During the year there were 3 12024.. 3) irtdtviduals considered 10 be key manageitjent and (hey receiN'ed
retnuncTatlDll and fees of £119,638 120?4.. £108,348) aggregat¢. No iiidividual re¢¢ived f¢¢s in ¢xr¢ss of £60.000.
Trustee¥, txpenses
There were no trustees, expens&% paid tor the year ended 30 Jiitte ?025 nor tor ihe year ended 30 June ?0?4.
STAFF COSTS
30.6.?5
30.6.24
Wage5 and sa13ries
SoKsal securiiy costs
Other pensi￿ CDSts
69,280
365
749
The average moiithly number of employees durin¥ the Year￿aS 8s ftsllows..
30.6.24
Administratiott
No eniployees received emoluLiiertts in ex¢ess (>f£60.000.
Pagc 14
Coniiiiucd...

HASTINGS INTERNATIONIAL PIANO
NOTES TO THE FINANCIAL STATEMENTS- ¢ontioued
FOR THE YEAR ENDED 30 JUNE 2025
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
b'nresiricted
fund
Resiri¢ted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donaiions and legacies
475,754
83,242
558,996
Cbarit*ble g¢tivitt¢s
Ptano Competition
Piano Con¢e
69,805
6,027
69.805
6.027
Investment income
3.635
Totsl
555 221
638 463
EXPEYDITURE ON
Raising funds
2,057
2,057
Cbarltable 2rtivitie$
Piano Competition
Piano Concert
Educational aciivities
General aThd support Costs
223,164
9,23S
8,821
204.489
26.500
249.664
9,235
8,821
204.489
26.500
474,266
NET INCOME
107.455
56.742
164,197
RECONCILIAI'ION OF FUNDS
Total futtds brought forward
5.120
5,120
TOTAL VUNDS CARRIED FORWARD
169317
Page IS
cotttinued...

HAST￿Gs INTERNATIONAL PIANO
S TO THE FENANCIAL STA TEMENTS- conttnued
FOR THE YEAR ENDED
13.
TANGIBLE FIXED ASSETS
Compu1er
equipment
COST
At l July 2024
Additions
456
At 30 June 2025
1.404
DEPRECIATION
Ai l July 2024
Charge for year
430
At 30 June 2025
544
NET BOOK VALUE
At 30 June 2025
860
At 30 June 2024
342
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25
30.6.24
Trade debtors
400
18,082
61.571
Prepayments and a¢ctued income
613
79.653
Pag¢ 16
continued...

HASTINGS NTERNATIONAL PIANO
NOTES TO THE FINANCIAL STATEMENTS- continu
EYEARE
F.D 30 JL'NE 2025
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25
30.6.24
Trade creditors
So¢ial se¢urity and other taxes
Other ¢reditors
A¢¢ruals and d¢feryed In¢ome
A¢¢nJed expenses
16.719
3.624
211
36.830
23.713
266
359
5.080
16.
MOVEMENf IN FUNDS
Net
mov¢m¢nt
in fund5
At
30.6.25
Ai 1.7.24
Unrestricted funds
General fund
112.575
27.828
140.403
Restrleted (und$
Education & En8a8ement
56,742
148,579)
8,163
TOTAL FUNDS
169317
20.7511
148,566
Net movement in funds. intludtd in the above are as follows..
Incoming
resources
R¢sources
¢xpended
Movetnent
in funds
LIDre5tricttd funds
G¢D¢ral fund
2[￿.335
(172.507>
27.828
R¢stritted fund$
Education & Engagement
Concerts
Competition
45,222
5.000
5.444
(93,801)
15,000)
(48.579}
55,666
104.2451
48,579)
TOTAL FUP4DS
256.001
276,7521
20.751)
Page 17
continued...

HASTINGS INTERNATIONAL PIANO
NOTES TO'f14E FINANCIAL
TATEMENTS- contirkued
HE YF.AR ENDED 30 JLNL 2025
16.
.MOVEMEP4T IN FUNDS- eolltln￿ed
ComparAtive5 for movement In funds
Net
ovement
tn funds
At
30.6.24
At 1.7.23
tinrestricted funds
General fund
5,120
107.455
112.575
Restricted funds
Education & En8a8emenÈ
56.742
56,742
TOTAL FUNDS
164 197
169,317
Comparativ¢ net movement in funds. tncluded in the above are as follows..
In¢oming
resources
R¢sources
expended
Movement
in fvnds
Unrestricted fundy
General fund
555,221
{447,766}
107,455
Restrlcted funds
Education & Engagemeni
23-24 Compttition
56.742
26.500
56,742
26.500)
83,242
26.SlX)
TOTAL FL'NDS
638 463
474,266}
164,197
Edu¢Ation and Engagement- Fund5 are held for the cost of Providing lh¢ learning & participatloll PTogramtne.
Concerts- Funds are held to support the ongoing program of concerts.
CoDJpetition
Competition.
Funds are held for the ¢ost of tnaintaEnin8 the biennial Hastings Iniemational Piano Concerto
Page 18
Continued...

STINGS INTEILNA TIONAL PIANO
NOTES TO THE FNANCIAL STA TEMENTS- ¢ontinued
FOR THE I'EAR ENDED 30 JUNE 2025
17.
RELATED PARTY DISCLOSURES
])uring the year donations totslling 10.00012024.. £20.000} and membership subscriptions of £700 (2024.. £5,600)
were received from trustees of the charsty. In addition, donations of £20,665 (2024.. £145,000) were received frorn
the Kowitz Familv Foundation {UK) Limited, a charity in whÉch .Mrs S H Kowiiz ts a trnstee and donatsons of
£65.000 were received from L'S Friends of H8stiDgs Piano, a nonprofii organisation registered in the L'PSA sn whieh
Mrs S H Kowilz is Vice President. There were no cOnd￿tIOnS attached to the donations.
During the year the ¢harJty made use tsf Fairlight Hall EstatE5, a business owned by a close family member of Mrs S
H Kowit4 to reduce expetjses with regards to events held by the charity. £4,850 (2024.. £10,565) was ¢harged to the
charity during the y¢ar by Fairlighi Hall Estaies. being less ihan the actual cost incurred by the busines5. A5 at 30
June 2025 £niS12024.. £nil) was due to Fairlight Hall Estates.
Page 19