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
ADMINI￿RATIVe DETAILS OF ThE CHARITI, ITS TRUSTEES AND ADVISERS
cHAR￿y 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 r￿ort
As the charitV5 trustees you are responsible for the preparatlon of the accounts In accordance w￿h 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 belI￿e 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 FL￿S
Unrestyi¢ted funds
PL9n0F￿d
e*tKieoincomelunds
Totallund$
Pth)iyeailynd5
In¢thMlrom:
DonatiDnsandiew
chalharieaci￿e5
OthertYadlngxdv*
frN$sments
Se￿[ateMal￿1lte￿OllllcOrne
hEI
T￿aL
26.283
26,
21.502
33.016
721
1081
44.wo
iUJ07
112,732
248
E%penthtu¥eon:
R8lsinglunds
62.557
S2￿57
44A76
sep8t￿eMaIeTI3l#￿￿Orti￿g￿s¢
Other
2.763
867 66J20 48th2
N8tlncomellwendStvt¥lbWf￿+thwSfmDrt1aln￿il￿1￿j
N•la￿s￿lI03$e51Qnl￿Ye5tMertt5
Nei Ineornellwenmyro)
E￿raOrdinary1￿m9
TransfetSber*￿eDlun￿s
Oth￿￿C08￿1Se¢￿Tr￿110s&e5j.'
Gain$AfNliosse50nrewluatlonofftseff XS•tsforthec￿ty'S0I*#
USE
-75
othè¥wnsllios8e51
N•¢MtyJeme￿1nf￿ThdS
R*condllaibDnollu*rt'
Totallundsbroughttowd
lotallund5cw5edfD￿￿rd
47.C68
39AT2

6￿￿FeSt￿81$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-.arnouM5fal￿nIO￿ewith7rsoneyear
Receiptin èdYancE
5CK)
Ne1curf*ttass•t￿￿Ua￿v￿￿es1
39,47
70
47A58
CredllOfS.'3Mounts18wn8OL*anÈro￿￿téT
Deferrethgiant
Pro￿$10r$I0rI]abil￿
TIM￿￿4$$et$•r￿•bW1￿es
Fundsofthechor
ResiTiciEO inc0￿e[u￿$
Unrestrlcted funds
Re¥aiu21ion iesÈrve
F81rvaiuereseT¥e
TDtalfuTh
1.658
1.558
102.812
102.812
45,233

Yt4rEDthdJlDKMknr2024
UnteZir￿Ed
AEYN¢I¢O
fund5
Rèstikled
SubscIWIMg
Sift￿￿
FE511w815WMQ
$pDThsorshlp
1620D
21.W2
Unmslrlcted
rur
tunds
Tkkolrqc•ipt%
pwwnThpSFIES
rMcilpts
PthnoInv￿E
425
425
40N3
J2,$91
P￿lI￿￿ed
lur
ZD24
2025
ICQ¢Wb
721
721
4 1nrDJWJEfr•￿￿4￿SI￿M1
Re￿ctO￿
Unrésltdtod
2024
IA09
IJBJ
uDtystrt¢
tund5
REStfkt
UrrfÈslrcthd
rund
RÈ1t￿l￿d
unrÈStrtheO
ds
ryjs
2023
fe5￿0￿￿11
m￿lÈdIrt¢t0Ffets
27.169
4MOO
22,85D
3,750
3317
a.672
2.(WJ2
770
CommIss￿nI1￿kelYp1￿S
PprformiAgiigThtssoclety
kch•5
2.767
2JOO
165
S2.tS7
44A7S
UrrfÈstlittlld
UrrfKltdted
rth
rund5
2024
Inwrtn
PoJW,st4llw￿1ry￿￿1ekPh0ne
700
247
675
1.7
M)IMEn¥¢è
420
667
1.246

Gmr FeM￿alSO¢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 Defe￿ed Income
As at31 December 2023
Addition duringlhe perSod
A5 at 31 December2024
30,000
30,000