REWTERED COMPANY NUMBER: 01147282 Fngland •nd Wthlesl REGISTEREO CHARITf NUMBER: X6849 Rgport of th• Trustee• and Fknanclal Stst•m¢ntsforth• Y•arEnded 31¥1 Doc•mlMr2024 for Th• El9￿ Foundatlon Th8 Rkhard8 S8ndy Parthetshlp Thomdoe House 25 88rfwJme Road Wor¢•stsrsh*8 WR1 1RU Tho Elgar Foun+aa¢lon Contsnts ofth• Flnanclal sta¢w￿nts forth• Y•ar End•d 31st D•¢emb•r 2024 Pag• R•port ofthe Twust•Bs 1 b) 3 Independent Exam1￿￿3 R•port Ststsrn•nt of Flnan¢lal Aetlvttl Balan￿ Sheet Not•8 to th• Flnanclal Statsm•nts 7 to 14 Th• Elgar FouThJatkn IRogisi•rnd number. 011472821 Report gf th• Trust8#S forts Yo•rEnded 31st D8￿mber2024 The trwt••s who aro also dIreC￿r5 of th8 d)aty for the purposes of the Cotrpanies Ad 20C6. Pr￿nt Ihelr rewt the finandal statements of the th4rfty for 1h8 year ended 31st Dgc8mb8r 2024. Thg InJ5t88s have adopted the prow5ions Lff Ace(*JntJng and RgFvbng by Charities: Statement of Reeormiended Pra(*ce appbtsble to tharfties preparing thglr acwjnts in attcffdance ￿1h tho Finanoal Reporfn9 Standard applcthe in thg UK and Rewtlic rf Ireland IFRS 102118ffectNe 1 Jan￿ry2019l. The Elgar Foundation. whl¢h w Incoyporated In 1973 a$ a com￿nY Ilmtsd by guarantsè without a ih¥o eAV'tal (company number 011472821 is also a raglstered charity Irknrfy no. 2668491. In aC￿rdan￿ vAth Sedon 61 of Ihg ompanles Acl 2(￿. the company is exempt from the requlremgnts of Ihal Act to Indude 'Lirnitad' as part of its namÈ. It OP8rates in ¢￿&un￿c￿ btrith its sister tharity, The Elg￿ Birthpbrx Twst Ichartty no. 2026881, of The 8gar Fwndation isl1* sole trustee. OBJECTWES AND ACTMTIE3 Oblectlv•s and alms The obiectSvos forvthith FoJThJ8lkJn wa8 establshgd arè: To pr¢xnots in gvwy Part of wortd putll¢ edueatitin In. and apweualK)n of. the Iwe and worfts of th8 late Slr Eilward Elgar. 2 To wthnole In evwy part oflhg WLKkl thè pu￿1¢8￿C￿ ofany knnd clvKrk on (ff a￿￿utthe IBt8 Sir Ethwd EkJar', 3 To mairlakn and prese￿ or a$wst in lh8 mainl8narr£ 8nd Près￿•￿0￿ of the Bithpkcs of Ihe ￿te &r Ethvwd Eloar, the E￿ar Centre and ￿vJhbCA[rfng buldlws at Lowgr eroadhèath wor(e6tsrsh1￿ Ih8r8inafter calad BiTtrplac8'1 and any other prO￿ty u￿1 ￿ connected with Ihe Birtlpkce or otheThMs8 of nalcfflal kntrnt onr￿cLed ￿1h L* Sir Edward E￿J￿r. 4 To provide and molntaln for the be￿ of th8 nation a puNic musèum. archNe and library of mu*al 8CmS. trurnents, b>)ks, manuscripts, PiC￿re5, photogrephs, letters, r8CLYd5 and 0￿e¢l8 of national (w hlslo knp(thc8 Y￿1h p**'fJJlar to thè latè StrEo*Mrd E¥ar, his Ife. works, e1jntern￿ari￿ fjmes. The trustees rAxkn that thty have (￿M￿lled wlh itle duty In seclon 17{51 ofthe 2011 Charfties Act to hav8 due wgaTd to guldance on putli¢ bgngffl published by Ihe Charity Cornmi55ion when revlewin9 chahtys alm8 and objeLthve& ACHIEVEAIENT A14D PERFORMANCE Chwltablo actlvltl•$ The BIrthpk7￿ Inow kr￿￿1 45 Th• Flvsl contiwgd to b? open to the puNic for part of ￿ w88k and at ChTfj6lmas dudng 2024. The N8bond Trusrs Slte Manager continuéd to develop acuvltles Ihgr8, induding eorw*rts. Although nurthrs to Thè ¢{￿"nue to gTryW, Ihe National Tnjst re￿rted a d8ficit on incw* for 1h• parfod. As nlrncted In Ihe FoundatK*nb agreement ￿th thg Trust, th8 Foundauon covored the1ossts for thls porfod.. o payTh•nt to the Trust Is included a¥ expenditure in the 2024 amnts. At the wuest of The N4kn'ty)al TNSL the fijndww agroèrn*rt bat*rfo•n them and the Foundation aThJ tha Elgw Famity Tlust has been extended to Dec8mtsryr 2026 to 8llpw ft¢ al the ted￿l¢al ￿ leg81 pro￿Se5 that wdl 811owThe Nation81 Trust to tak6 overfvl cmtrol ofThè Flrs. The g¢)vemlng btyjy wcrtld ￿ko to tharf( regular dcfiorB to tho FowdaUon* fvnds. Thglr ltcoMMILIee d•pand•nt Ex*nkner Th¥ Richards Sandy PathersF¥p Thomeb)e H￿se 25 Barty)wno Road 11RU L•Bal Advi￿1$ Hallmark Wh8W Fbjlmè Solicttors, . Sansonw Plpce. 11UQ B4nker• Trtodos Bank Deanery R¢)ad Bristd BS15AS Th58 r8w)rt has baen Prn￿red in ￿￿rdar￿￿ w￿1h the special Frni8K>ns of Port 15 of the Ccry8nl¢s Acl 2006 reknung to 3mall a)rnpani8s. AFprovod by ud8rdlhe tK)ard oftrus18es on .... . .. signed on ts behdf by. uLL_ Professor E J Wh•nhm-Tru6tee Pag& 3 IndgPgn&nl ExamlneV• R0porttoth•Thmt￿ of Th• Elgar Foundatk Indep•ndentexamkn•rfs nwtto the trusteej ofTh• Elgar Foundatyon fthe CoiryanYI I reprxt to tho eharlty tru31￿ on my examlnatk)n of th9 acL*)￿ts ol the Cornpany for the ￿¢￿1 315t Dgcemb8r 2024. R•spon•ibi*tieg and bas1$ of r•port As the thariws tsu*èès of the Company land also i15 directors lor the purF¥>s85 of Company lawl you are resFonsltAè t)r Ihe preparnlon of1he 8txounts acxordance ￿1h th8 r8quir8monts olthg Cornp8ntes Aci 2006 Cthe 20C6 ACVI. Havkng 8aUsfied mys8W that thè Accounts of the Company 8re n(rt requlred to b8 aLyJit•d under Pwt 16 of th8 2006 A d are ebgible for Independgnt 9xamin8tion. I rep￿1 in rey¢t d my examin8tion crf your d)8riVs a￿OUnt$ as carried oui undér saCt￿ 145 of thg ChaEtUes Ad 2011 lllhfj 2011 Aci'l. In Car￿ng oui my ¢xarninatic#) I have ftsll¢wed the Oirection¥ gNgn by the Charfty Cornmissh￿ under S6Cth)n 145151 Ibl olthè 2011 Act. bMkp•nd•nt •x•mlnerf• •t•t•m•nt I have ￿mp￿ted my examknalon. I conffirm that no maliers have come lo my ottention In eonnecticn the examinatsn gmng mè ¢•Jse to belleve: 8co)unllTrJ rec£rt$wr9 nol kept in rospertot thè CLNnpany as requY8d by S•rJion 386 ofthg 2006 Art or the ￿cOunts do ntst aeeord ￿ thoBe Teo)rds', or the ac£ounts do not cc¥rply wbth the a¢count'ry rtqulreff*nts of S8dbJn 3% of Ihe 20C6 Ad thr than any requkement that the gcwunts glve 8 trug and fatr Is not a mattgr corffjKlgred as part of an independontexamination., or the aC￿unts h8ve not b88n prèpargd In aGcordanc8 Wth ￿ methods and prnc¥Jles of the Statement of Recommended Practice for 9G￿un￿ng 8ThJ reportlng by thaTIU8s 18ppllc8ble to ehadties preparfng th•lT aceourts In accordanra whh th8 Finanoal R•pcffting Stsndard appllcthe in thg UK and ReKthlic of IT*nd {FRS 1021). I h8vo no ¢one8ms and have c•)rne atto$$ nct other mallers In rnnn8dion wllh the exarThnatIC￿ to attention al￿ dra￿ in this ￿port In orderto enable 8 prow understandlrvJ of thg accothts to be reathed. Mel88a G(*thvin ACAACCA The Ilchards S•ndy Partrwrshlp Thomeloe Hou¥9 25 Barboume Road Worcester WR11RU Pag64 Thè Elgar Foundallon Stat•m•nt of Flnaneial Athltl•8 {Ineorpor4Ung an Incom and ExpBndlture Account) for the Year End•d 31st Deumbpr2024 2023 Total funds Un￿triCtsd R9sblCt￿ ETrJornl fvnd$ fvnd funds INCOME AND ENOOWMETrrrs FROM Don8tW8 ￿NJI998t1e$ 18.032 3W1 54.513 105.624 Investment income 656 Total 1&501 3V81 54,982 1(6.280 EXPENDITURE ON Charftsble acti¥iti•s Chaiitat49 A￿tht1 43.215 59.194 79,524 NET INCOIAEIIEXPENDrruREI (4714) 34993 (15A911 14212 26,756 RECONCILIATION OF FUND8 Totsl funds broughtlorward 301,896 978 493A36 791310 769,554 TOTAL FUNDS CARRIED FORWARD 277.182 4T1.945 792.098 796,310 Th& notès fomi partof thosé finanda slalgm8nts Page 5 Th• Elg•r Foundation IR•oigt•red number. 01147282) Balanc• Shaot 318t Dec•mbor2024 2024 rotal fvnds 2023 Total funds Unrnstrlcted Reth¢tsd fiJThJs fuThYs EnthJwmgnl fund FIXÉD ASSETS Tangible 8S58ts Inv¥atrnents 15 16 477yS 577,112 596.749 4TT,945 17.113 596.750 CURRENT ASSETS 17 121.345 50,898 121345 95,379 103,841 129.172 Cash at bank 180.243 36.481 216,724 233.013 CREDITORS Amountsfalllng du8 wlthln c ygar 18 11.7391 (1.7391 133.4531 NET CURRENT A88ET8 178W4 481 214985 199.560 TOTAL ASSETS LESS CURREp¥f L￿BlUTIES 277.182 30.971 477,945 792.098 796.310 NET ASSEr8 277.182 36.971 477.945 792.098 796,310 FUNDS Unrestric18d fiJnd8 Restrictsd knds Endol￿nIfunds 19 277.182 36.971 477 301.896 978 493,438 TOTAL FUNDS 792.09B 796.310 The chathabl8 COrnP8ny Is enUU8d to Oxer￿ from audit under Sgc*on 477 of thg Compani9¥ Act 20C6 for th6 yeor 31st Decembw 2024. Thè m•mbers hav& not requlrwj the company to ot￿a￿ an audil of its financi￿ 8talements thè y•8r ended 31st D8cembOF 2024 in accurdanct secti¢￿ 476 ofthe C(thP￿leS kt 20Cfj. Th8 trustees ackntyAedge their ￿p￿SIbil￿e9 for lal ensurfng that the chorltable company keeps al%￿ntIng that ¢omrAy Wion$ 386 and 387 of the Companies Act 2006 and preparing financial statements vthld) g￿e a twe and fdr th of the slatg of affairs of Ihg thaitab18 Ltjmpany 8$ at th• end of each finanrAal year and of its $urF4us or defiat for each financlal year In accordance vAth the requlremet7ts of Sethorts 394 8nd 395 and whith otherwi88 mmpty ￿￿th thè rtquir•m•nts of the Companies Att 20(* rdalkng to flnanckil statomgnts. so far as ￿H￿l¢ok49 tr) thg th?rilable oJmp3ny. Ib) These ffinandal statements have been prepared In acccKdance with Il* provisim$ aFvli￿LI? to charrtat4• ￿mpanIeS sU￿0¢t lo th9 small Compa￿9$ regimg. Tho flnandal statements were aForove(I by Ihe Boa￿ d Twustèès and #ulhorised ftf Issue on and were 3iwd on it8 beha￿bY.. 9ssur E J Whgnham- Trusts9 Thè nclès fomi p*t ofth8s• fffi8nc4al stat•m•nts Page 6 Th• Elgar Foundauon Not￿ to the Financial Stat•m•nts forth• Year Endgd 31st D¢c8rnbpr2024 COMPANY INFORMATION The L*arly 15 a tsJrrp3ny Inknd by guarath ￿1h[￿￿ sh8r& caph81. The mernbw¥ of Ihe LYJmpary are Ihe ustees named in the report oflhe bitst8&S. The tharila￿e ¢￿panY was In¢¢￿￿Ated In tho UK the registwgd offlc8 15 ThcThlog Hous?. 25 Bathj￿ Road, wor￿Ster, WR11RU. AccoiThmNG poucies BASIS OF PREPARING THE HNANCIAL STATEMEP The finanrial st8tements of Ihe d)aritable o)mpany, whith Is a put￿1¢ benefft ontlty undgr FRS 1￿2. have been p￿pared In a￿Ordanc¢ wilh lh8 Ch￿￿￿$ SORP IFRS 1 D21 At*%)unllng and Reporting by Charlle% Statsrnent of Ro¢(mmend¢d Pradcg appneabk to tha[￿JeS preparing Iheir ¥CLY)unts in ao)ydance the Fln8nciql Reportlng Stsnd8rd 8ppllrAblè In thè UK and Republic of Irel8Trd IFRS 1021 (effect￿ l January 2019y. Fknandal Re￿ting Standard 102 Tr Financial Reporting Stand￿d applicab￿ In the UK 8nd ROpubl￿ of I￿land. and th8 ComFories A¢t 2(th. Thè ffinanc481 siaiom8nts hav8 bèen prepared untsr thg h1knriL￿ cost co￿￿ntion. The acrc￿nts pr8pwed In stethg. which tho fvn¢ts)nal cuFrerKy. Monetary 8￿M)unis kn th9¥9 State￿￿nts arè re￿ded to tho ￿arest£. EXEMPTION FROM REQUIREMENTTO PREPARE A STATEMENT OF CA8H FLOWS The 1$ 0X￿pt from the requirement to Prepare a st8ténwnt of cash fiows on thg b* that tt qualffie8 •S a small entity 4mdgr FRS 102 and Is not a larger charity under ChBritiès SORP IFRS 1021. EXEMPTION FROM PREPARATION OF CONSOLIDATED ￿NcIAL STATEMEI The finandal statem8nts eontain *ifcdTnafjon ahxrt Th¢ Elgar Foundation as an IndNidual cornpany and do not C￿1**) ¢onsdidatsd finan081 1rrfomw￿yn 8s the parent of a gmup. The ch8rfty 16 exempt Und￿ S8cllon 39g2AI of th? Companbs Act 2006 frcffl th8 rBquirom•nts to prepaTg consoldatod finandal stateme￿. COME AJI income L8 fecognlsed In Ihe Ststomtrnt of Financl8t Act￿￿tIes once th$ cliafity has onUUen*rt to the l￿d$. is probablg thal th• InccThe will bg r￿1Ved and Ihe amwnt can be mea¥ured reli•bty. Legacy in(￿me k8 reW3n￿ when thg Charity has ethffimied enltsrnenl gfthè IBgacy. the all￿rt ¢8n t 9(tur*ty measured It 1$ probaL48 that IheywS11 receive Iho incune. Dcfiations arn r•cuded upon receipL £xpeNDITURE affj reccsnlsed as exPond￿j1¢ 8$ as th•ro 1$ a legal or ¢on5b)Jctive otligaucffi comtrittting the tharity to that expenditu￿. it is probablg thot o trAnsfer of econo￿¢ beneffts ￿11 b8 Twurad In settlemwt arK1 thg amount of the o￿lgatiOn ian be wsured relKably. Expondlture is a(xounted for on an accnjals bo3i8 and ha3 been clas5thed under head1r￿ that aggregat8 811 ¢ost rekqted to the thory. Wh8r• Gosts cgnnot b• dirèdty attritr￿od to wticuL8r heading¥ 1hey h#ve been 8Uocated to acbvibes on a basis etffjslstent ￿1￿ Ihè u86 of resourc48. Grants offEr8d 5ubjEd lo condkn(￿S hava not boon mei at the year gnd date ore noted as a (>Jrnrnlment bui not accri*d As expendkure. TANGIBLE FIXED ASSETS Dew•dation L8 provided al the knll(Ming annual raies In order to write off èath 8sset 0￿r ts eBOmat*J useful Fro8hokl prop*ty Fixtures and fiiongs rh on coat 10% on cost Addibons ¢yxtlng leBS ihan £5C4) not¢apbfised. FIXED ASSET IfriVEsfMENTS Share6 In subshJiarie$ mea¥urgd at (x)st lèss any prov1￿0￿ for Impainn TAXATION TFk* d)8nty Is ex8rnptfrc￿ ¢•rp3ratN)n tsx C￿ ￿ charltabl8 8chvibas. Page 7 o)rbtinued... Th• Etgar Foundatlon Not•6 to tho Flnanclal 8tatom•nts- continuéd for th Year Ended 31¥t D•c•mb•r 2024 ACCOUNTING POUCIES- conlinu•d FUNDACCOUNTING Unre8trf•*d funds can bg U88d in Ar￿)r￿an￿ wth the thartt8ble objectives at lh• d$c￿tKIn of Ihe bustees. The EndrV•￿ll￿ntffijnd rewosgnts fijnds ral$8d spodficalyforth8 construdion of thè Elgar F(wndation. R•thcknJ fvnds ¢an cfflty be used knr partiCu￿r restricted puwes %thln th6 oty'ects of the th￿ty. R0slrfcltrJis artse vthen by the dornT wwh8n r￿d$ are r¥isad IOT Fwbcularrèslrfjcted purposes. Furthtr explaroUon of Ihg nabjre and PUFF*)So of •ath fund is Included in the notes to thg fin#n¢lal stalem8rrt Fif4ANCIAL INSTRUMEi¥rs Finanaal instswmenls ar8 retognIs￿ thg ch￿ty becorn￿ party to ¢￿tradUal provislons clth8 FI￿ntI#l assets are offsèt. v/ah Ihe net amounts weserrted in the acujunts there 18 A legalty enfortathe light to set off the amounts and there Is an intgmton to setde C￿ a nat basls or to rgalise th8 assei and settk the li8￿1￿ simultan9Du￿y. Ba8lc flnsnclal a•s•ts Basic fin8n(a81 Assèts, indude and other rECeNAb￿S and ￿$h bank bdanc8s, we measured at trans8etK)n prfce Induding tran$8ction costs and arg 5ubsequenty carried at amcrtsgd cost wing thè effective intsrest meth(MY unless the arrangem9nl c(￿StItUteS a finall￿n9 transaction, where the transaclon mtrasu￿ at the pr858rrt value rlthe fubJr• receipts di￿￿nted at a mark81 rate of intere¥L Baslcllnancial li•bllM Basic financial LkqblI￿e$. Ind￿j￿g tradè and other payabbs. are inthlly recognk8ed at Ir￿sa￿on ￿te uthss the arrangel￿nt Tr)nsliutes a fjnan(ing transadon. where Ihe debt Instrument is measured at the present va￿9 of luturo rgcdpts, disLX)unted at a market rale of intar8St. Debl xtstrumnts aro Subsequ￿1jY Lxrried at 8mth.sed crt usng the thive intgrg*rate method. cR￿lCAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Ihe applcatlon of ts tharttys acojunting FN)lides, the tru5t8es ￿ requlrad to make judgemnts, ￿maleS and assumptjcms etr￿t tha cwrying value of assets and li8bllhles that ar8 not readity apparent from other sourceg. Th96e est'm*85 and undthyng assumptions are rnwewed on an ongoing ba￿$. Revi￿￿15 to 8c¢ounlng eskn"m8te8 ret4)gnlsed in thè parf¢>J In which lh• esllmato mised wher• the revismin affects ly Ihat period, crf Wlod of the revtslon and fvtur8 perfods Who￿ the revlsion affgcts tr*)th rJJThent and fijknjre p*Sods. The sdung of deprwatsC￿ p)Ilths fcr tsngibk fix￿ 885èts Iwhlch 8rÈ siatad In tho accounlng poliL¥85) are rx)NdeW a ￿gn￿lcarrt Judgarn￿t. In addttion swJnrfiwt judgement Is wnsid8red to be 8pF4ied in the revith¥ for knpairrnent of tangl￿e fixed assets. The net tr￿0k ¥aue and rnovamorts in the cl tangit48 tsed a3$8ts *e (15d058d h) note 15 of theffinanL4aJ statemgnts. DONATIONS AND LEGACIES 21V24 2023 Dc￿atIonS Legac Grarts 521 51992 624 100,000 5,(K)O 4513 105,624 Grnnts receIv￿. i￿k￿l0d in the ¥knove. ar8 asfoll 21124 2023 The Str88t Foundali( 5,OlXJ Pagè 8 nugd... Th• Elgar F(¥undatlon Nates to th• Flnanclal 8tatofflents- ¢onllnu•d fr>r th• Yo•r Ended 31st De¢ember 2024 INVESTMENT ￿COmE 2024 2023 Ba￿ Interest CH*￿￿ABLEAcTIVITIES COSTS Grant fvnding of aCti￿￿'e8 (see note 81 Supput rA)sts {8eg not8 91 Costs (see te71 Totsls arltabl8 Actfviles 51238 1.000 1.956 59.194 DIRECT COSTS OF CHARITABLE AcnvmES 2024 Propgty Nauonal Trust fuKling ￿re8M0nl payments In8uranc8 subs￿1p￿0n￿ B8nk ch8r9eS Travel expens08 Dekyeciafjon Sundries 9,749 18.323 8,025 423 13 9.381 31,785 12 132 19.969 26 19.637 4238 GRANTS PAYABLE 2024 2023 Chsrftab￿AdvIu8* 1.000 1,000 The total grants wd tr* Inthdons during the yearwa8 a8 folhyAg: 2024 )23 Wcfc86ter Cathpdral-thtsrf6tsr Khc4arthlp 1.000 SUPPORT COSTS Govemance Charitsbb Athll 1.956 P#g$ 9 nti￿￿y... The Elgar Foundatlon Ilot•$ to th• Flnan¢lal Stat•m¢thts- ¢ontlN•d forth• Y•ar Ended 31st I)￿0mber2024 suppoKr COSTS- contIn￿d SupF*Yt COBts, Induded In the abwe, as folkhv6.' 2024 Ch81118￿ 2023 Total acuvftjes Independw￿ examin*s f¢• Legal and proles6iMal fee8 6,998 8,880 10. INCOME1(EXPEND￿uRE) Ngt tncthxèllèxpèndkutsl is statod aftèr thargIn￿(CrOd6￿ngl'. 2024 2023 Independent exeminerfs fee 1.884 19,969 19.637 TRUSTEES. REl￿NERATK*l AND BENEFrf8 There were Th) twstee8' romuneraion r* other beneffts ltr the year 6ThJ8d 316t Decomber 2tr24 Th)r fty tho year ended 31st December2￿3. D￿n@ ts yearno tnffjtees were reimburs&Y anyexpÉnsos12023- £1321. 12. STAFF COSTS Th•r• w8rè ￿ stall costs in eltherthe curnntor ￿rnparthe yew8. COMPARATNES FOR THE 8TATEMETrrf OF FINANclALA￿MTIEs Unreslrfcl8d ETrJowrnont funds hJnd8 fund funds 114COME AND ENDOIVMENTS FROM Don0￿￿$ and le98¢les 105.624 105.624 656 Totsl 106280 106,280 EXPENDMJRE ON Ch8rlthblo 8CtlvMI 63.445 568 15.491 NET INCOMEIIEXPENDITURE) 42,835 15881 115,491) 26,756 REGONGILIATION OF FUNDS Total fvnds trfwghtloThvwd 259.(*1 508.927 769.554 TOTAL FUNDS CARRIED FORWARD 301,896 978 493.436 796,310 Page10 continued... Tho ElprFoundatlon Notss to tho Flnanclal Stat•monts-¢ontlnu forthe Year End•d 31st D•¢ember 2024 F114ANCIAL COMMrrMENTS The Elger F¢ymdaUon wJrged to The NaOc¥wl T￿￿1$ operatloJwl knsses kncurr•d In th8 8gats t4rth￿a￿ and museum untl Bth Deeomber 2￿24, this ha8 betrn •xtèrn1ed to 31 Oecemt*T 2025. 1& TANGIBLE FIXED ASSErJ Fixtures Froehdd Totsl¥ COST At 1stJanuary 2024 and 31st C*cen*yer 2024 1.046.198 106200 1.152,398 DEPRECIATION At 1st January 2024 Charge for y& 4S0,641 18,935 104008 702 554649 19.637 At 31sE December 2024 469,576 104710 575,286 NET BOOK VALUE Al 31st 0gcarnb8r 2024 571622 STI,112 At 31$1 December 2023 595.557 $96,749 Freohohl land and bull¢lings includes a co8tof £99,44712023- £99.4471 In los￿¢t oflgnd. FIXED ASSET INV&8TMENTS Share In subsldiarie8 MARKET VALUE At 1st January 2024 ond 31st December 2024 BOOK VALUE At 31st D8cemb8r 2024 At 31st December2tr23 The ctrrynrfs Inveslments at the balan￿ 8hggt d8t• in the share caw 01￿mP9￿185 indude Ihefolowing: Elgar Foundatlon Ent•ryxls•8 Llmlted {¢ompany nrA 04128862) Registerod offi(*'. Thomebe House, 25 B8rboume Road. Worrmter, WrKco¥tershlN En￿and, WR11RU Natyrg of business: Dom)ant 2023 Ag￿egats cepital reseN•s attho year ond Proffivlkjsslforlhe year Tho EkJar FOund0b￿ hdds 11)J% ofthe issued share capilal of Eljar FOU￿8110n Enterwi8es Urrttgd. Th• Elgar Birthplace Trust IGh•ty no. 2026881 R8gÈ5tered Offi￿.. Thomelog House. 25 Ba￿￿jme Roed, W￿ceS￿r. Wty¢•sterthfi￿ Er￿land, INR1 1RU Natu￿ of t*Jshoss: Dclmanl chaFIty Pago11 Th• Elgar Foundatlon N<*esto th• FIMn¢lal Stat•mgnts. eontinu8d fvrthe Year Endld 31¥t December 2024 16. FIXED ASSET INVESTMENT3- conllnued 2024 2023 4gregate reserves 8tthe ￿er￿nd SurF4uslldofidtl for the year The Elgar Fwndal*)n is tho sc4• trustee olThe Elgar BIrthrA8￿ T￿￿t, 17. DEBTORS: AMOU1￿$ FALLING DUE IVITHIN ONE YEAR 2023 Acwed in¢>*nÈ 118.511 100,0 3.841 121.345 103,841 1& cXIED￿0RS. AMouKfs FALUNG DUE wifHIN ONE YEAR 2023 ed o￿n 1.739 33,453 MOVEMENT IN FUNDS hA1.124 In ￿ndS 31.12.24 Lknrnstrf¢t•d funds GgneAI lund 301￿98 (247141 271.182 R•¥triete¢l fund• gar Birthpkce Dev6k)pmert y M Wraigm Legacy- BurB8ry Fund 978 (4881 481 490 36A81 978 W93 36.971 Endovmi•nt funth gar Contr8 Endowmerrt Fund 477.945 TOTAL FUNDS 796,3111 142121 792.098 Net movement in fvnds, indjded In th8 atrthe art 08fcknvs'. Inwing Resourc45 re80urc•s ￿pended Iloveme In funds lknr•stritt•d lund• GgneTal lund 18A01 143.2151 124.714) R•strf¢t8d funds Elgar Birthpkc4 DgVgbw8nt Fund Lody M Wraight L8gatry- Bursary FuTrJ 14881 1488) 36.481 31481 {4881 34993 Endovmwntfunds Elgar Centre End(yAYn8nl F￿d {IW) {15A91) TOTAL FUNOS 982 159.1941 14212) Page 12 continued... The ElgarFoundation Not•s toth• Flnand41 Stst•m•nts- eonllnuod f¢rtho Y••r Ended 31st 08￿mbar2024 19. MOVEMENT IN FUNDS- ¢onthiued COM￿￿11¥¢# l¢r mov•m•nt Ix lunds Net At 31.12.23 A11.1.fJ In funds Unr•JtslCt￿ fund Gar￿￿1 f￿}d 259.061 42.835 301,896 Rg%irict•d funds Elgar Blthpk8ce Fund 15881 978 End0￿￿nI fvn¢Js Elg8r c￿tre Endobvment Fund 508.927 115.4911 493.436 TOTAL FUhlJS 769,554 26.7S6 796,310 coMrAra￿e net Tr￿Ment in funds, Ind￿•d In thg gLM)v9 aTO as fol￿. Inwni In fvnd$ Unmstsl¢t•d fund• Ge￿ra1 fund 106,2WJ 163.4451 42,835 R05trfd•d funds Elgar Blrthpk* DO￿￿1)MInt Fund (588) 15881 Endovmlènt fiJnd8 Elgw Centre End9Wrr*￿ Fund 115.491 } (15.4911 TOTAL FUNDS 106280 179.524 26.756 The Unre6trictsd General Fund ho8 arls8n frcrfn eccvmulatsd $urF4usos and can ts u¥ed for any charflab puw• approved by thg trustee Resbldgd Elgar 8wWlace Devek*pment FuThJ to d(ffiaticTh T￿0¥0d to moot th& ￿6t of anhancemonL8 to the w5itor5' faul￿e5 and olhor proie¢ts.The remzining bl￿n￿ Gl these lunds is hdd Qs tAnglbte llxed assetsthat are b91ng d8pr8CiBt¥d overtime. The Re￿Icted Lady M Wr8ight Laggcy - BU￿ary Fund relat8s to a lagacy to estat4vah a stholArshlp Jrsary to slmulats *udy 8nd rÈsearth Into Ebar and his rrusic in unNer￿b&S and musl¢ $th￿l$ on the European ¢xmtin￿L The EbJar Centre Endow*Tnent Fund represents funds Taised 8p8t4ne8lly the wnstrucllon of Ihg Ewr Msltor Cth. The dePT￿lation ofth8 E￿ar Visrtor Contre 1$ Charg￿ againstthls bjnd. Page13 (¥ntiNgd... Tho Elgar Foundatlon Not￿ to Flnan¢lal Slatem8ftts- ¢ontlnu•d fortht Yo4r Endod 31¥t D•Mmbw 2024 RELATED PARTY DISCLOSiIRES There ￿rg no retatod p8rtytr8n$*tkins fortho yw 8nd&d 31st 09c￿bar 2024. Page 14