Gower Festival Society CIO Financlal Statements Forthe Year Ended 31 December 2024
Cower Festlval Soclety CIO Year Ended 31 December2024 Index Page Annual Report Independent Examiners Report Flnanoal Statements Notes to the Accounts
Gower Festl¢alSoeiety cio Year Ennded 31 December2024 Annual Report ADMINIRATIVe DETAILS OF ThE CHARITI, ITS TRUSTEES AND ADVISERS cHARy REGISTRATION NO. 1198053 PRESID Sir Karl Jenkin5 CHAIRMAN Edwina Hart MBE l appointed 26.07.20241 SECRETARY Professor Peter Kokelaar TrEASURER Mrjohn Mahoney FESTIVALSECREfARY Mr Peter Horry (appointed 15.03.20241 MEMBERSHIP SECRETARY Ms S M Harries EXECUTIVE COMMITfEE Dr H Dunthorne Miss V M Beynon Mr WJ Anderson Mr C Johnson MT M JenkSns Mrs D Uoyd Mr W N Jones Mr L Carpanini Professor RogerTaylor Mrs J Wright Mr P Horry lappolnted 15.03.20241 M5 K Lawlor lappointed 15.10.20241 Mr D Pope Mrs A Pope BANKERS HSBC Bank plc Portlènd Street Swanse3 SAI 3Df INDEPENDENT EXAMINER Rlchard N Chapple BSC (Econl FCCA WBV Litnited Chartered Accountanis The Third Floor Langdon House Langdon Road SAI Swansea Waterfront Swansea SAI 8QY
Gower Festical Society CIO Year Ended 31 December 2024
Annual Report
The Gower Festival Society CIO is registered with the Charity Commissioners (No: 1198053) and constituted by Deed of Trust.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is administered by the officers of the society and executive committee comprising:-
President Sir Karl Jenkins Chairman Mrs E Hart MBE (appointed 26.07.2024) Secretary Professor B P Kokelaar Festival secretary Mr P Horry (appointed 15.03.2024) Treasurer Mr J F Mahoney Membership secretary Ms S M Harries Executive committee Dr H Dunthorne Miss V M Beynon Mr W J Anderson Mr C Johnson Mr M Jenkins Mrs D Lloyd Mr W N Jones Mr L Carpanini Professor Roger Taylor Mrs J Wright Ms K Lawlor (appointed 26.07.2024) Mr D Pope Mrs A Pope
Trustees are appointed following election by members of the Executive Committee.
New Trustees meet fellow trustees during the induction day. They are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
OBJECTS AND ACTIVITIES
The object of the Society is to educate the public in the appreciation of music and other arts, principally by arranging an annual festival in the district of Swansea and Gower.
In furtherance of the above object (but not otherwise) the Society may:
a) promote, organise and hold an annual Festival;
b) encourage and promote concerts, recitals and other events; c) undertake fund-raising activities to attract donations (but not to engage in any form of permanent trading); d) do all such lawful things as shall be necessary for achieving the aims of the Society including the acquisition of such items of personalty as the executive committee shall from time to time in its absolute discretion decide.
ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW
The society was constituted on 24 February 2022 and acquired the assets and activities of Gower Festival Society from that date.
The Society aims to maintain its level of reserves in future years to enable it to effectively undertake the Society’s objectives in accordance with the terms of the Deed of Trust.
Gower Fesllcalsociety CIO Year Ended 31 December 2024 Annual Report PUBUC BENEFIT The Trustees are aware of their re5ponsibilitles in ensuring Ihat the Society delivers identifiable benefits to the public in accord wlth established objectives and permitted a¢tivltles. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees considèr how planned actwities wlll contrlbute to the alms and oblectlves they have set. Signed For and on behalf of the Management Committee EHart Chairman J F Mahonev Treasurer Date..
Gower Festivalsociety CIO Year Ended 31 December 2024 Independant examlner's report to the Gower fesiieal soelety I rèport to the tharlty trustees on my examinatlon of the accovrtts of the charity for the year to 31 December 2024 which are set out on pages 5 to 8. Re5ponslbllltles and basls of rort As the charitV5 trustees you are responsible for the preparatlon of the accounts In accordance wh the requlrements of thè Charities A¢t 20111'the Arfl. I report in SpeCt of my examination of the charity's accounts carried out undef section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commlssion under section 1451511bl of the Act. Independent examiner's statement I have completed my examination. I confirrn that no material matters have come to my attention In ¢onnertion with the examlnatlon glvlng me cause to belIe that in any material respect.. l ac¢ountinB records were not kept irb respect of the tharity as required by sertion 130 of the Act- or 2 the accounts do not accord with those records. I have no concerns and have come across no other maiters In connÈrtion with the examination to whlch attention shovld be drawn in this report In order to enable a propèr undeistandin8 of the accounts to be reached. Richard N Chapple Bsc IEconl FCCA WBV Llmited The Third Floor Langdon House Langdon Road Sal Swansea Waterfront SwBn5ea SAI 8QY Date:
GoweiF•dYa15od¢tyCIO YewEn¢¢03XD2Eember2D24 Cth•ritynwrnbqr:XJ91053 Gefwaipuipose FLS Unrestyi¢ted funds PL9n0Fd etKieoincomelunds Totallund$ Pth)iyeailynd5 In¢thMlrom: DonatiDnsandiew chalharieacie5 OthertYadlngxdv frN$sments Se[ateMal1lteOllllcOrne hEI TaL 26.283 26, 21.502 33.016 721 1081 44.wo iUJ07 112,732 248 E%penthtu¥eon: R8lsinglunds 62.557 S257 44A76 sep8teMaIeTI3l#Ortigs¢ Other 2.763 867 66J20 48th2 N8tlncomellwendStvt¥lbWf+thwSfmDrt1alnil1j N•laslI03$e51QnlYe5tMertt5 Nei Ineornellwenmyro) EraOrdinary1m9 TransfetSbereDluns OthC081Se¢Tr110s&e5j.' Gain$AfNliosse50nrewluatlonofftseff XS•tsforthecty'S0I# USE -75 othè¥wnsllios8e51 N•¢MtyJeme1nfThdS RcondllaibDnollu*rt' Totallundsbroughttowd lotallund5cw5edfDrd 47.C68 39AT2
6FeSt81$QcIQtyciO Ye¥ETrdefj31De¢ert•r2ty ¢harltynumbew:Iw Gereralpurp05efund UnrestrictedbJnds Pi8noFuno R95tik18d Incmtsnos Re5taied Tot4igstye81 Totsllhtsyqai Flxeda5s0ts Tangibleassets Hetttag23ssets Invesimetsts IwalfWas#ets 95.000 95,orM) 95,0 I,ocrfJ Cuttefftass•ts Stotks Debwrs lThvestments Cèshaibankano In ha TrtaL¢urtem4¥5ets 39,970 39.970 39070 45.75B 46.058 iedilors-.arnouM5falnIOewith7rsoneyear Receiptin èdYancE 5CK) Ne1curfttass•tUaves1 39,47 70 47A58 CredllOfS.'3Mounts18wn8OLanÈrotéT Deferrethgiant Pro$10r$I0rI]abil TIM4$$et$•r•bW1es Fundsofthechor ResiTiciEO inc0e[u$ Unrestrlcted funds Re¥aiu21ion iesÈrve F81rvaiuereseT¥e TDtalfuTh 1.658 1.558 102.812 102.812 45,233
Yt4rEDthdJlDKMknr2024 UnteZirEd AEYN¢I¢O fund5 Rèstikled SubscIWIMg Sift FE511w815WMQ $pDThsorshlp 1620D 21.W2 Unmslrlcted rur tunds Tkkolrqc•ipt% pwwnThpSFIES rMcilpts PthnoInvE 425 425 40N3 J2,$91 PlIed lur ZD24 2025 ICQ¢Wb 721 721 4 1nrDJWJEfr•4SIM1 RectO Unrésltdtod 2024 IA09 IJBJ uDtystrt¢ tund5 REStfkt UrrfÈslrcthd rund RÈ1tld unrÈStrtheO ds ryjs 2023 fe5011 mlÈdIrt¢t0Ffets 27.169 4MOO 22,85D 3,750 3317 a.672 2.(WJ2 770 CommIssnI1kelYp1S PprformiAgiigThtssoclety kch•5 2.767 2JOO 165 S2.tS7 44A7S UrrfÈstlittlld UrrfKltdted rth rund5 2024 Inwrtn PoJW,st4llw1ry1ekPh0ne 700 247 675 1.7 M)IMEn¥¢è 420 667 1.246
Gmr FeMalSO¢1¢ty¢io Year Ended 31 D•¢•mbor2024 Notes totheaccounts 8 TanglbLefixed assets anddepreclatlon Tangibleffxe(J assets ale state(1 ai clostiessdepreclatlon. Depieciation Is provided at rates calcuLgied iowrlte Dff Ihe¢o$t offlxed assets, less tr*irestimated residualvaiue, overthelr expected INe5 on thefollowing basis.. Plano- 25years Grants relatlng io ianglble fixed asset5 aretrealed as deferred income and released overthe e%pected useful Iwe5 ofthe assets concerne¢J. Other granis arecreated tothe profitand Ioss account a5 the reuqted expendKure Is Incurrad. 10 T8ngtbl¥fIX a$se¢s Piano Cosi ai 31 December2023 Addition Disposal Cost at31 December 2024 37.917 95.000 37.917 95.MO Depreciation at31 December2023 Charge fDrth8 yÈar Dlsposal Depreclaiion ai 31 December 2024 36.917 36,917 Netbookvalue ai 31 December 2024 Netbookvalue at 31 December2023 95.000 1.000 11 Defeed Income As at31 December 2023 Addition duringlhe perSod A5 at 31 December2024 30,000 30,000