Llangollen International Musical Eisteddfod Limited (The)
Report and Financial Statements 30 September 2024
Eisteddfod Gerddorol Ryngwladol Llangollen Cyfyngedig
Adroddiad a Datganiad Ariannol 30 Medi 2024
Registered Number/Rhif Cofrestredig: 1165311 Registered Charity Number/ Elusen Cofrestredig: 504620
Salisburys & Company Business Solutions Ltd St Asaph
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Annual report and financial statements for the year ended 30 September 2024
Contents
Page 2 Legal and administrative details 3 Report of the trustees 7 Report of the independent examiners 8 Statement of financial activities 9 Balance sheet 10 Cash Flow Statement 11 Notes forming part of the financial statements
Officials
Hon Chairman: Hon Company Secretary Chris Adams (until 30/10/24) Allison Davies Hon Vice Chairman: Lead board member for safeguarding John Gambles (Became Chair 30/10/24) Allison Davies Hon Treasurer: Lucy Morris
Legal and administrative details
Name
The Company’s full name is Llangollen International Musical Eisteddfod Limited (The).
Constitution
The Company (number 1165311) is limited by guarantee and does not have any share capital. The Company is also a registered charity (number 504620).
Trustees
The Company’s directors, as set out below, are the trustees and are referred to as such throughout.
Professor C Adams (Chair until 30/10/24) K Price L Morris (Treasurer) M Thomas (Appointed Oct 24) G Carlton (Vice Chair since 30/10/24) R Davies (Appointed Oct 2024) J. Gambles (Vice Chair until 30/10/24, then Chair) F Brockway (Appointed Oct 2024) K. Young S Ferron (Resigned April 2024) A Davies S Kong (Resigned Oct 2024) D Hennigan
Governing document
The Company is governed by its Memorandum and Articles of Association, subject to the jurisdiction of the Charity Commission for England and Wales.
Registered office and operational address
Registered office and operational address Independent Auditors Royal International Pavilion Salisburys & Company Business Solutions Ltd Abbey Road Irish Square, Upper Denbigh Road Llangollen St Asaph, Denbighshire Denbighshire LL17 0RN LL20 8SW
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Annual report and financial statements for the year ended 30 September 2024
Trustees’ report
The Trustees present their annual report and the independently examinated financial statements for the year ended 30 September 2024.
Structure, Governance and Management
Governing document
The Llangollen International Musical Eisteddfod is a company limited by guarantee governed by its Memorandum and Articles of Association, dated 8 December 2022. The Company became a registered charity on 13 October 1975. Membership is open to anyone, subject to approval by the Board. All members agree to contribute a sum not exceeding £1 in the event of the Company being wound up. All Elected Trustees are Members.
Organisation and appointment and training of trustees
The governance of the Eisteddfod is undertaken by the Standing Board, comprising twelve trustees. A trustee may be appointed by ordinary resolution at an Election Member meeting and hold office for a maximum of 6 years, after which they must retire. The Standing Board may appoint a trustee, such a trustee must retire at the next Election of Members meeting and may be nominated by the Standing Board for election or appointed as a Trustee by the Standing Board.
Training of trustees is undertaken through 1:1 meetings with staff and the Chairman, and Board away-days.
In September 2023 an Executive was established. The role of the Executive is to manage and direct the operations of the Eisteddfod. The membership of the Executive during the financial year was as follows:
J Gambles (Executive Chair) D Hennigan (Trustee) Professor C Adams (Eisteddfod Chair) Finance and Operations Manager L Morris (Treasurer) Artistic Director G Calton (Trustee) Chair of Chairs Committees
Related parties
The Charity has a close relationship with The Friends of Llangollen International Musical Eisteddfod, a separately registered charity which donates its entire profits to Llangollen International Musical Eisteddfod. In 2024 the Friends pledged £15,500 to the Eisteddfod. Their continued financial support and fundraising activities during the festival and throughout the year are greatly appreciated.
Risk management
The Trustees review the major risks the Charity faces on a continuous basis. The Trustees ensure that sufficient funds are available to meet committed expenditure. Budgets are set at the start of the year and regular budgetary review meetings are held, at which any deviation from budget is considered in detail.
Objectives
The objective of Llangollen International Musical Eisteddfod is to promote international harmony and goodwill through the staging of an annual eisteddfod open to competitors from the nations of the world, and thereby to promote education and knowledge of the arts generally to the benefit of the public. Achieving our objective post covid has been extremely challenging.
People
The Eisteddfod employs a small team of staff. During the 2023/24 financial year an Artistic Director was contracted on a freelance basis and was responsible for artistic developments, this role reports to the Board. Employees work closely with volunteers throughout the year to deliver the annual event.
Volunteers are integral to the delivery of the Eisteddfod’s business and to the festival itself. Functions operated by volunteers include the following: -
Organising hospitality and Transport for Overseas visitors Setting up and maintaining floral displays Assisting in the marketing of the Eisteddfod Controlling ticket sales and Ticketing booths Running the Visitor information Centre and selling a range of merchandise Stage management, stewarding and ushering during the festival plus assisting in the music office.
Site maintenance, including Health and Safety organisation and control of stall holders. Maintaining an Eisteddfod archive
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Report of the Trustees for the year ended 30 September 2024 (continued)
Acheivements and performance
As one of the most respected cultural events in Wales, the Eisteddfod attracts artists, performers, and visitors from across the globe. In a significant development for the 2024 Eisteddfod, the festival entered into a partnership with leading event promoters Cuffe and Taylor. This collaboration enhanced the festival’s scope, improve audience engagement, and broaden its reach. This partnership is expected to deliver a fresh approach to organising and promoting the event, ensuring a more dynamic and memorable experience for all involved.
The collaboration between the Eisteddfod and Cuffe and Taylor represents a fusion of tradition with modern event promotion expertise.
Details of the Partnership
The collaboration is aimed at:
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1 Enhancing Programming : Cuffe & Taylor work alongside the Eisteddfod team to diversify the festival’s entertainment line-up, incorporating both traditional Welsh performances and popular contemporary acts. The festival featured high-profile musical performances curated by Cuffe & Taylor these included Tom Jones, Bryan Adams and Madness along with many other top name acts. Cuffe & Taylor promoted 8 concerts outside of the main Eisteddfod week and 3 during the Eisteddfod. These featured alongside the Eisteddfod’s traditional competitions, showcases and concerts.
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2 Expanding Reach: The partnership seeks to attract a broader audience, including younger attendees and international visitors, without compromising the festival's core cultural identity
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3 Improving Event Logistics: Leveraging Cuffe & Taylor's expertise, the festival will benefit from streamlined operations, innovative staging, and a more immersive audience experience.
The Eisteddfod welcomed over 51,000 spectator visitors to the site, and over 2,400 school children from the local area attended the Children’s Day. Many competitors from across the globe were hosted. S4C broadcasted the Choir of the World competition and an Eisteddfod highlights programme. The Parade of Nations was warmly welcomed and will continue to be a key element of the Eisteddfod in future years. The Kaleidoscope Project performance was featured within the Saturday evening concert programme and was a highlight for many.
Overall ticket sales for the core Eisteddfod week evening concerts are shown in the table below.
----- Start of picture text -----
Tom Jones 3,800
Wales Welcomes the World 1,396
Direct from the West End:Kerry Ellis &
1,157
John Owen-Jones
Gregory Porter 1,912
Choir of the World 1,100
Kathryn Jenkins 1,446
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Financial review
The annual accounts show a net in year surplus of £247,301, however this figure requires some context. A key factor in this positive outcome was the receipt of a bequest and grant funding in advance which significantly influenced the overall financial position. When adjusting for these contributions the event made a modest profit of £5,000, a notable turnaround moving from a loss in 2023 of £216k, signalling a more sustainable financial footing moving forward.
While the £5,000 profit is a welcome result after last year’s significant deficit, it’s important to note that the profit was somewhat reliant on external funding. The Eisteddfod’s core financial health will need to continue to improve in future years to ensure long-term stability.
In conclusion, while this year’s financial performance represents a recovery, it is essential that the Eisteddfod focuses on broadening its revenue base and controlling costs to build a stronger more resilient financial foundation in the years ahead.
The bequest of £235k came from the late Eira Francis Davies. The terms of the bequest require the money to be invested with the interest only to be used to support dance groups.
The grant support received from Welsh Government Major events Unit (£90,000) and the Arts Council of Wales (£42k) to support the delivery costs of the festival has enabled the Eisteddfod to continue in circumstances that had seriously threatened its viability.
Funding was also received from the Arts Council Wales from the Connect and Flourish fund. This funding supports projects to promote community engagement and increase access to arts and cultural activities across Wales particularly from underrepresented communities. Three groups were supported and attended the 2024 Eisteddfod to perform and take part in the Parade. This initiative will continue in 2025 with 6 groups being commissioned to develop a performance to bring to the Eisteddfod.
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Report of the Trustees for the year ended 30 September 2024 (continued)
Reserves Policy
The Charity’s reserves consist of the General Fund, Fair Value Reserve arising from a revaluation freehold land in 2009, and Restricted Funds. Details of these are shown in notes 20, 21 and 22 to the Financial Statements.
The Charity’s current level of general reserves is £105,156. This represents the funding available to spend and support core costs of the organisation. In addition to this the Charity has restricted reserves of £303,904, these funds can only be used for the specified purpose.
The trustees recognise the importance of maintaining a realistic level of unrestricted reserves to ensure that adequate funds are available to enable the charity to continue in its activities in the event of a drop of funding or a significant setback. The trustees have a general objective that, to safeguard the Eisteddfod reserves should be sufficient to enable the festival to operate for 6 months’ expenditure and the estimated operating costs of the festival. The current level of unrestricted reserves falls well below this target level and reflects the challenging financial position of the Eisteddfod.
Plans for future periods
Following the success of the extended Eisteddfod programme the partnership with Cuffe & Taylor will continue for the 2025 with a programme of Live at the Pavilion events held prior to the Eisteddfod. These concerts will feature well known headline artists and will be standing concerts.
Looking ahead the Trustees with Denbighshire County Council, are actively exploring new and innovative ways to ensure the long-term sustainability and growth of what is an iconic cultural event. Central to this vision is the development of a year-round program of cultural, artistic, and educational activities at the Eisteddfod’s home, the Pavilion.
Traditionally, the Pavilion has served as the centrepiece of the Eisteddfod, hosting an inspiring week of music, dance, and international celebration every summer. However, recognizing the venue’s untapped potential, the Trustees are committed to expanding its use beyond the festival period. By hosting events throughout the year, the Pavilion can become a vibrant hub for creativity, learning, and community engagement.
This initiative aims to:
Extend the Reach and Impact of the Eisteddfod: Offering a diverse range of cultural events to engage audiences locally, nationally, and internationally.
Promote Educational Opportunities: Providing workshops, performances, and programs that inspire individuals of all ages to connect with the arts.
Ensure Financial and Cultural Sustainability: Creating new revenue streams and partnerships to support the Eisteddfod's legacy while enriching the cultural fabric of the region.
This vision aligns with the Eisteddfod’s core mission of fostering harmony through culture and celebrating the arts as a universal language. The Trustees and Denbighshire County Council are committed to working closely with the community and stakeholders to shape a future where the Pavilion serves as a year-round beacon of creativity and connection.
Directors’/Trustees’ responsibilities
United Kingdom Company Law requires the directors, who also act as trustees, to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charity and its incoming resources, and application of resources, including its income and expenditure for the year. In preparing those financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent
Prepare the financial statement on the going-concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and which enable them to ensure that the financial statements comply with the Charities Act 2011 and the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees have had due regard to guidance published by the Charity Commission on public benefit.
Independent Examiners
The current Trustees have made themselves aware of any information needed for the purpose of the independent examination and to establish that the Independent Examiner is aware of that information. The Trustees are not aware of any relevant information of which the Independent Examiner is unaware.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
A resolution proposing that Salisburys and Company Business Solutions Limited be reappointed as Independent Examiners of the company will be put to the Annual General Meeting.
.......................................................................................... Allison Davies, Company Secretary
Date: 13th February 2025
For and on behalf of the Board
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Report of the Independent Auditors to the Members of Llangollen International Musical Eisteddfod Limited (The)
Opinion
We have audited the financial statements of Llangollen International Musical Eisteddfod Limited (The) (the 'charitable company') for the year ended 30 September 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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giveand application of resources, including its income and expenditure, for the year then ended;a true and fair view of the state of the charitable company's affairs as at 30 September 2024 and of its incoming resources
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haveReporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'; andbeen properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this rep
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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theconsistent with the financial statements; andinformation given in the Report of the Trustees for the financial year for which the financial statements are prepared is
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequatevisited by us; oraccounting records have not been kept or returns adequate for our audit have not been received from branches not
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the financial statements are not in agreement with the accounting records and returns; or
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- certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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- theReport or in preparing the Report of the Trustees.trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Report of the Independent Auditors (Continued)
Other matters
We note that the 2023 financial statements were not audited. Consequently ISAs (UK) require the auditor to state that the corresponding figures within these statements are unaudited. Our opinion is not modified in respect of this matter.
Responsibilities of trustees
As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned in accordance with ISA (UK).
We obtained an understanding of the legal and regulatory frameworks applicable to the charity and the industry in which it operates through our general commercial and sector experience and discussions with management. We determined that the following laws and regulations were most significant: The Companies Act 2006, FRS 102 the 'Financial Reporting Standards applicable in the UK and Republic of Ireland' and relevant UK tax legislation. In addition, we concluded that there are certain laws and regulations that may have an effect on the determination of the amounts and disclosures within the financial statements such as Health and Safety laws and regulations.
We accessed the susceptibility of the charity's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:
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Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations
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Obtain an understanding of the internal controls that management have in place to prevent and detect fraud;
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Challenging assumptions and judgements made by management in its significant accounting estimates;
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Reviewing the financial statement disclosures and assessing the appropriateness of the accounting policies used;
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Identifying and testing journal entries, in particular manual or unusual entries;
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Obtaining third party confirmations of all the companies banking arrangements;
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Performing analytical procedures to identify any unusual or unexpected relationships;
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Conclude on the appropriateness of the directors' use of the going concern basis of accounting.
The assessment of the appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagements team's knowledge of the industry in which the client operates in and understanding of, and practical experience with, audit engagements of a similar nature and complexity through appropriate training and participation.
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of noncompliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.
Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit
..........................................................................................
Date:
Aled Roberts (Senior Statutory Auditor)
For and on behalf of Salisburys & Company Business Solutions Limited
Chartered Accountants and Statutory Auditors
Irish Square , Upper Denbigh Road, St Asaph, Denbighshire LL17 0RN
7
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Statement of financial activities (including Income and Expenditure Account) for the year ended 30 September 2024
----- Start of picture text -----
2023
Unrestricted Restricted 2024
(Unaudited)
Note funds funds Total Total
£ £ £ £
Incoming resources
Incoming resources from generated funds
Donations, legacies and similar
incoming resources 4 45,532 261,739 307,271 47,972
Investment income 6 6,241 689 6,930 1,865
Incoming resources from charitable activities
Tickets and other sales 3 1,317,976 13,359 1,331,334 573,655
-
Sponsorship income 19,650 19,650 10,178
Grants and local authorities 5 105,100 109,915 215,015 176,600
Total incoming resources 1,494,499 385,702 1,880,201 810,269
Resources expended
-
Costs of generating funds 1,911 1,911 1,319
Charitable Activities
Site 7 358,733 3,431 362,164 215,827
Music and staging 8 590,437 115,204 705,642 416,850
Competitors 9 172,736 6,665 179,401 147,539
Commercial 10 217,083 34,461 251,544 174,952
1,340,901 159,761 1,500,662 956,487
Governance Costs 11 4,850 - 4,850 4,950
Other resources expenditure 12 127,387 - 127,387 65,664
Total resources expended 13 1,473,139 159,761 1,632,900 1,027,101
Net Incoming resources before
other recognised gains or losses 21,360 225,942 247,301 (216,832)
Fair Valuation Adjustment of 22 - - - -
Freehold Land
Net Movement in funds 21,360 225,942 247,301 (216,832)
Total funds brought forward 183,070 77,967 261,037 477,869
Total funds carried forward 20,21,22 204,430 303,909 508,338 261,037
----- End of picture text -----
There have been no other recognised gains or losses in either the current or previous financial year other than those disclosed above.
All amounts relate to continuing activities.
The notes on pages 10 to 22 form part of these financial statements.
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Balance Sheet at 30 September 2024
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2023
Note Unrestricted Restricted 2024
(Unaudited)
Fixed assets £ £
Tangible assets 15 106,000 - 106,000 106,000
Current assets
Stocks 16 2,689 - 2,689 1,903
Debtors and prepayments 17 155,438 38,400 193,838 111,753
Cash at bank and in hand 440,218 290,409 730,626 197,022
598,345 328,809 927,153 310,679
Creditors: amounts falling due within
one year 18 (499,919) (24,900) (524,819) (155,644)
Net current assets 98,426 303,908 402,334 155,034
Total assets less current liabilities 204,426 303,908 508,334 261,034
Creditors: amount falling due after
more than one year 19 - - - -
Net assets 204,426 303,908 508,334 261,034
Income funds
General fund 20/22 204,431 183,071
Restricted funds 21 303,904 77,965
Total funds 508,335 261,036
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Company Registration Number: 1165311
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
These financial statements were approved by the board of trustees and authorised for issue on 13th February 2025
| .......................................................................................... | Date: |
|---|---|
| Allison Davies, Company Secretary | |
| For and on behalf of the Board |
The notes on pages 10 to 22 form part of these financial statements.
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Statement of Cash Flow at 30 September 2024
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2023
Note Unrestricted Restricted 2024
(Unaudited)
Cash Provided by (Used in) Operating
28 342,572 184,102 526,675 (239,445)
Activities
Cash flows from investing activities
Interest income 6 6,241 689 6,930 1,865
Purchase of tangible fixed assets 15 - - - -
Cash provided by (used in) investing 6,241 689 6,930 1,865
activities
Cash flows from financing activities
- - - -
Repayment of borrowings
- - - -
Cash used in financing activities
Increase in cash and cash equivalents in the 348,813 184,792 533,605 (237,581)
year
Cash and cash equivalents at the beginning 91,406 105,617 197,023 434,604
of the year
Total cash and cash equivalents at the end
of the year 440,219 290,409 730,628 197,023
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024
1 Accounting policies
Accounting convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going Concern
The financial statements have been prepared on a going concern basis.
The 2022 and 2023 Eisteddfodau resulted in financial losses; attracting audiences back post pandemic has been a challenge. To The directors have reviewed the company’s performance throughout the period and subsequent to the year end and, as a result believe that the preparation of the financial statements on the going concern basis is appropriate.
Charitable trading activities
Income from ticket sales and other sales revenue are included in incoming resources in the accounting period in which the Eisteddfod takes place.
Valuation of fixed assets
All fixed assets with the exception of land are valued at cost. Land is re-valued periodically by the Trustees and any change in market value is accounted for via the unrealised fair value reserve.
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.
General Reserves
Of the general reserves fund there are £99,275 of Non Distributable funds which have arisen from the fair valuation of land owned by the Eisteddfod.
Donations, legacies and other voluntary income
Donations, legacies and any other form of voluntary income or benefit to the Charity are recognised within the statement of financial activities in the year to which the income or benefit relates.
Grants
Grants, where entitlement is not conditional on the delivery of a specific performance, have been recognised when the charity becomes entitled to the grant. This treatment is in line with the Charity SORP and the charity’s accounting policy.
Restricted and unrestricted funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.
Unrestricted funds are donations and other incoming resources receivable or generated for the object of the Charity without further specified purpose and are available as general funds.
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LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
1 Accounting policies (continued)
Resources expended
Expenditure is recognised when it is incurred and is reported gross of related income on the following basis:
Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities include expenditure associated with site maintenance, the staging of concerts, competitors’ welfare and commercial activities in relation to the Eisteddfod.
Governance costs relate to aaccountancy and independent examination fees incurred.
Other resources expended relate to irrecoverable VAT written off, which arises due to the company operating a Partial Exemption Scheme.
Expenditure allocation and apportionment
Resources expended are allocated to the particular activity where the cost related directly to that activity.
In instances where resources expended relate to more than one activity, funds are apportioned Commercial 70%, Site 15% and Music and Staging 15%, with the exception of salaries and associated costs where the apportionment relates to the time spent by each member of staff in any activity.
Volunteers and donated services
Where services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the Charity. Donated services and facilities are analysed in note 4.
The value of services provided by volunteers is not recognised in these financial statements.
Depreciation
Depreciation has been provided on all tangible fixed assets, except land, at rates calculated to write off the cost of each asset evenly over its estimated useful economic life, as follows:
Property Improvements and fixtures & Fittings
Computer Hardware
20% on cost 20% / 50% on cost
Pension costs
Pension costs are charged to the profit and loss account on the basis of the amounts of contributions payable to the defined contribution pension schemes in respect of the accounting period.
Irrecoverable VAT
Income and expenditure is included in the accounts net of VAT. The cost relating to irrecoverable VAT is charged as a single cost to the SOFA.
Foreign Expenditure
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are included within the SOFA.
Leased assets
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the present value of the minimum lease payments payable during the lease term. The corresponding leasing commitments are shown as amounts payable to the lessor. Depreciation on the relevant assets is charged to the profit and loss account.
Lease payments are analysed between capital and interest components. The interest element of the payment is charged to the profit and loss account over the period of the lease and is calculated so that it represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts payable to the lessor.
All other leases are treated as operating leases. Their annual rentals are charged to the profit and loss account on a straight-line basis over the term of the lease.
12
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
2. Net incoming resources
----- Start of picture text -----
||||
|---|---|---|
|2023|
|2024|
|(Unaudited)|
|Net incoming resources are stated after charging|£|£|
|Independent examination fee|4,830|3,950|
|-|-|
|Depreciation of tangible fixed assets – owned|
|-|-|
|Hire of plant and machinery|- operating leases|
|- short-term hires|173,837|149,288|
|Lease of land and buildings|7,000|7,000|
----- End of picture text -----
3. Tickets and other sales
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2023|
|Unrestricted|Restricted|2024|
|(Unaudited)|
|funds|funds|Total|Total|
|Tickets and other sales|£|£|£|£|
|Tickets|870,924|-|870,924|287,063|
|-|
|Broadcasting|50,750|50,750|50,000|
|-|
|921,674|921,674|337,063|
|Site Income|
|Site Rents|21,215|-|21,215|32,899|
|Rents Received|989|-|989|989|
|-|
|22,204|22,204|33,888|
|Other Income|
|Competitors Liaison|194,483|10,179|204,662|163,246|
|Other sales|
|-|
|Advertising|1,350|1,350|1,525|
|Bar Income|(4,371)|-|(4,371)|5,092|
|-|
|Booking Fees, Commission on Ticket Sales, & Postage &|50,032|50,032|11,668|
|Floral|-|3,180|3,180|2,034|
|-|-|
|Fundraising|17,484|17,484|
|Merchandise Sales|3,920|-|3,920|2,634|
|-|
|Parking Income|25,344|25,344|12,106|
|-|
|Programmes|5,748|5,748|4,057|
|Profit share on Live Events|33,333|-|33,333|
|Sundries|19,296|-|19,296|
|Venue Levy|27,479|-|27,479|342|
|179,616|3,180|182,795|39,458|
|1,317,976|13,359|1,331,334|573,655|
----- End of picture text -----
13
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
----- Start of picture text -----
2023
4. Donations Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Friends of Llangollen International
Musical Eisteddfod 15,000 500 15,500 15,000
General Donations 16,670 4,436 21,106 11,860
- -
Anonymous Donations 5,000 5,000
Donated services - 6,360 6,360 2,810
Prizes - 13,460 13,460 13,265
Floral - 750 750 500
Hospitality - 633 633 910
HMRC Gift Aid 2,362 600 2,962 1,127
Legacies 6,500 235,000 241,500 2,500
45,532 261,739 307,271 47,972
2023
5. Grants and local authorities Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
Local Authorities £ £ £ £
-
Unitary and Community Councils 3,100 3,100 4,500
Grants
Arts Council of Wales - 104,050 104,050 82,100
-
Major Events Unit, WAG 90,000 90,000 90,000
- -
Denbighshire Leisure Limited 5,865 5,865
- -
James Pantyfedwyn 12,000 12,000
105,100 109,915 215,015 176,600
2023
6. Investment income Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Bank and money market interest 6,241 689 6,930 1,865
6,241 689 6,930 1,865
----- End of picture text -----
14
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
----- Start of picture text -----
2023
7. Site Expenditure Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Salaries, NI and Pensions 11,224 - 11,224 29,102
Cleaners and Materials 11,918 - 11,918 9,332
Ushers & Volunteer Costs 3,441 - 3,441 2,684
Utilities 6,883 - 6,883 6,505
Car Park Costs 45,932 - 45,932 10,230
-
Equipment Hire 20,872 20,872 11,644
Canvas & Porta Cabins 48,350 - 48,350 35,001
Site Decoration - 354 354 857
-
Security & Medical 92,961 92,961 43,734
Maintenance 56,775 - 56,775 40,168
-
Temp Power 7,097 7,097 7,685
Floral - 3,077 3,077 1,857
Exps & Training - - - 120
Rent & Rates 8,350 - 8,350 8,363
Postage, Printing and Stationery 154 - 154 237
Telephones 766 - 766 1,289
Insurance 6,186 - 6,186 1,264
-
Health & Safety 37,511 37,511 5,486
Sundries 315 - 315 269
- - - -
Depreciation
358,733 3,431 362,164 215,827
2023
8. Music and staging expenditure Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Salaries, NI and Pensions 17,764 2,080 19,844 32,835
Freelance Artistic Staff 15,435 20,400 35,835 7,509
-
Concert artists’ fees and expenses 379,713 379,713 159,618
Sound Equipment, stageing and lighting 104,116 500 104,616 134,689
Community days 1,297 25,348 26,645 17,124
Grant Costs - 41,811 41,811 350
Competitors’ club - - - -
-
Adjudicators, Presenters and Accompanists 17,489 17,489 14,033
Prizes and Trophies 10,801 24,843 35,644 31,671
-
Performing rights 30,153 30,153 8,086
Hire of Halls and instruments 3,890 - 3,890 5,738
Staff expenses and training & Recruitment - - - 125
Volunteers’ meals and expenses 2,359 222 2,581 2,013
Postage, Printing and Stationery 154 - 154 237
Telephones 766 - 766 1,289
Insurance 6,186 - 6,186 1,264
Sundries 315 - 315 269
Depreciation - - - -
590,437 115,204 705,642 416,850
----- End of picture text -----
15
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
----- Start of picture text -----
2023
9. Competitors’ expenditure Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Accommodation 126,777 - 126,777 92,076
Transport
Local coaches 14,147 - 14,147 20,781
-
Long-distance coaches 15,119 15,119 15,347
Other
Meals 660 1,850 2,510 1,923
-
Group Assistance 4,350 4,350 3,600
Other Misc. Associated costs 0 465 465 1,805
-
Salaries, Social Security costs and Pensions 16,033 16,033 12,003
Staff expenses - - - 4
172,736 6,665 179,401 147,539
2023
10. Commercial Expenditure Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Salaries Social Security costs and Pensions 27,770 12,059 39,829 64,619
Staff expenses & recruitment - - - 45
Staff training 75 329 404 318
-
Advertising 31,840 31,840 17,503
Subscriptions 476 200 676 604
Sponsorship & Corporate Hospitality 1,040 4,000 5,040 124
Archive & Research - 2,711 2,711 1,722
-
Publicity & Marketing 7,049 7,049 10,155
-
Programme, Ticket & Seat label printing 10,544 10,544 4,370
-
Advertising Signs & Banners 4,281 4,281 4,950
-
Consultancy & Licence Fees 15,670 15,670 9,011
Public Relations 458 - 458 5,195
-
Bank & Credit Card Charges 20,634 20,634 12,029
-
Ticket Agency commission 22,447 22,447 11,830
Repairs, Servicing and leasing of Equipment 5,304 162 5,466 3,203
Website & IT Costs 21,809 - 21,809 12,810
Volunteer Costs 2,231 350 2,581 2,013
Postage, printing and stationery 467 250 717 1,107
-
Telephones 3,577 3,577 6,017
Insurance 28,870 - 28,870 5,898
Sundries 1,469 - 1,469 1,255
- - - -
Depreciation
Bad Debts - - - -
Fundraising costs 11,076 - 11,076 175
- -
Fundraising Manager 14,400 14,400
217,083 34,461 251,544 174,952
----- End of picture text -----
16
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
----- Start of picture text -----
2023
11. Governance Costs Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Audit Fees 4,850 - 4,850 -
- - -
Independent Examination fees 4,950
-
4,850 4,850 4,950
2023
12. Other Resources Expenditure Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Irrecoverable VAT 127,387 - 127,387 65,664
-
127,387 127,387 65,664
13. Total resources expended
2023
Staff Costs Depreciation Other Costs 2024
(Unaudited)
- -
Cost of Generating Funds 1,911 1,911 1,318
Site 11,223 - 350,941 362,164 215,827
M&S 19,844 - 685,798 705,642 416,850
-
Competitors 16,033 163,368 179,401 147,539
Commercial 39,829 - 211,715 251,544 174,953
Governance - - 4,850 4,850 4,950
Other - - 127,387 127,387 65,664
Bad Debts - - - - 0
-
86,928 1,545,971 1,632,899 1,027,101
14. Employees
2023
2024
(Unaudited)
Staff costs consist of:
£ £
Wages and salaries 79,395 122,032
Social Security Costs 5,340 10,662
Pensions 2,193 5,864
86,928 138,558
No Individual employee was paid £60,000 per annum or above.
The average number of employees, analysed by function, was:
2023
2024
(Unaudited)
Administration 4 5
Marketing 1 1
6 6
----- End of picture text -----
None of the Trustees received any remuneration during the year. Total out of pocket expenses of £nil were reimbursed to Trustees during the year (2023 - £nil).
17
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
15. Fixed assets
| At 30 September 2023 Net book value Cost or valuation At 1 October 20223 Depreciation At 1 October 2023 Charge for the year At 30 September 2024 Additions |
Freehold Property Land Improvements £ £ 106,000 75,953 - - 106,000 75,953 - 75,953 - - - 75,953 106,000 - 106,000 - |
Plant and Equipment £ 302,892 0 302,892 302,892 - 302,892 - - |
Total £ 484,845 0 484,845 378,845 - 378,845 106,000 106,000 |
|---|---|---|---|
The Trustees have confirmed that at the year end the market value of the freehold land is not significantly different to the net book value.
Comparable amounts determined according to the historical cost convention are as follows:
| Cost Accumulated depreciation Net Book Value at 30 September 2024 Net Book Value at 30 September 2023 16. Stocks Merchandise Trophies |
Freehold Land £ 6,725 - 6,725 6,725 Unrestricted funds £ 2,324 365 2,689 |
Property Improvements £ 75,953 (75,953) - - Restricted funds £ - - - |
Plant and Equipment £ 302,892 (302,892) - - 2024 Total £ 2,324 365 2,689 |
Total £ 385,570 (378,845) 6,725 6,725 2023 Total £ 1,217 686 1,903 |
|---|---|---|---|---|
18
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
----- Start of picture text -----
2023
17 Debtors and prepayments Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Debtors 142,606 38,400 181,006 107,261
-
Prepayments and accrued income 3,756 3,756 4,492
155,438 38,400 193,838 111,753
2023
18 Creditors: amounts falling due within one year Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
Creditors 415,535 - 415,535 68,591
Accruals and deferred income 84,384 24,900 109,284 77,935
VAT - - - 9,118
499,919 24,900 524,819 155,644
19 Creditors: amounts falling due after more than one year
2023
Unrestricted Restricted 2024
(Unaudited)
funds funds Total Total
£ £ £ £
- - - -
Long term Creditors
20 General fund £
Balance at 1 October 2023 83,796
Surplus on income and expenditure account 21,360
Balance at 30 September 2024 105,156
----- End of picture text -----
21 Restricted funds
ACW Connect & Flourish
Connect and Flourish Profect works with a diversity of voices, cultures, and languages in Wales.
ACW Strategic Grant
Grant received from Arts Council of Wales towards the strategic implementation of the Executive Producer position, alongside other key personnel.
ACW Create Grant
Grant received from Arts Council of Wales towards the both the fundraising specialist and the Artistic Director positions
Archive
Donations & grants received specifically to develop the LIME archive. During this period a Heritage lottery grant has been used towards digitalising our archive materials
Assitance from Friends
Donation received from Friends, towards a specific purpose, During 2024 this money was allocated to Floral Committee.
Cefn Bryn Bequest
The income from this bequest is used to purchase flowers for the Eisteddfod.
19
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
21 Restricted funds (continued)
Competitors’ Bursaries
Funds received by way of donations towards both our Bursary Scheme and our Gift to the World Scheme. The monies are used to help towards the costs incurred by competitors from less privileged countries.
Dance Fund
Funds to be invested, and income from the investment is to be spent on Dance competitions.
DLL Grant
Monies given toward the having a multi cultural hwb on site during Eisteddfod week.
Floral
Restricted income arises from donations specifically received for floral purchases and funds received from floral sales. Any monies not used by the Floral Committee in the year are carried forward.
Hospitality
Monies received from the Hospitality Committee by way of donations and fundraising events and activities. Monies are to be spent on items requested by Hospitality Committee.
Peace Message and Competitors’ Club
Donations received specifically for use in these areas.
Prize Funds
Monies received by way of donations or grants to pay for prizes.
Reach Out Project
Monies received to attract young people from Communities First areas to volunteer with the Eisteddfod.
Site Development Fund
Monies received to invest in making the Eisteddfod field more eye catching
Volunteer Assistance
Donation received with the expressed request that the monies are spent on items that will assist the volunteers and staff in carrying out their day to day duties.
20
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
----- Start of picture text -----
21 Restricted funds (Continued)
Balance at Balance at
1 Oct 2023 Income Expenditure 30 Sept 2024
£ £ £ £
ACW Connect & Flourish Grant 29,000 56,506 43,891 41,615
- -
ACW Stategic Grant 10,000 10,000
ACW Create Grant - 37,800 37,800 -
Archive Project 3,921 3,035 2,711 4,245
Assistance from Friends - 500 500 -
Cefn Bryn Bequest 18,764 166 18,930 -
Competitors Bursaries 3,032 1,712 4,350 394
Dance Fund - 235,000 - 235,000
DLL Grant - 5,865 5,865 -
Donations & Services in kind - 6,360 6,360 -
Floral 5,967 3,983 2,911 7,039
Hospitality 1,724 648 465 1,907
Peace message & Competitors Club 982 9 209 782
Reach out project 709 6 - 715
Site Development Fund 2,191 19 354 1,856
Volunteer Assistance 2,203 369 572 2,000
77,965 385,701 159,761 303,904
22. Fair Value reserve Balance at Revalued Balance at
1 Oct 2023 in Year 30 Sept 2024
£ £ £
Freehold and leasehold land 99,275 - 99,275
----- End of picture text -----
21
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
23. Analysis of net assets between funds
| At 30 September 2024 Restricted funds: ACW Connect & Flourish Grant Archive Project Competitors Bursaries Dance Fund Floral Hospitality Peace message & Competitors Club Prize Funds Reach out project Site Development Fund Volunteer Assistance Unrestricted Funds Balance |
Tangible fixed assets £ - - - - - - - - - - - - 106,000 106,000 |
Net current assets £ 41,615 4,245 394 235,000 7,039 1,907 782 8,350 715 1,856 2,000 303,904 98,425 402,329 |
Long-term liabilities £ - - - - - - - - - - - - - - |
Total £ 41,615 4,245 394 235,000 7,039 1,907 782 8,350 715 1,856 2,000 303,904 204,425 508,329 |
|---|---|---|---|---|
24. Connected Charity
Friends of Llangollen International Musical Eisteddfod is a separately registered charity which devotes its entire profits to Llangollen International Musical Eisteddfod. The assets and liabilities of this Charity are not included on the Balance Sheet of this Company.
During the course of the year LIME collected £9,760 income for Friends and made payments of £4,048.70 on their behalf. Following an interim payment in April the balance of this was paid in full shortly after the year end.
25. Operating lease commitments
The Charity has no non-cancellable operating lease commitments.
26. Pensions
The Charity contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in independently administered funds. The pension charge represents contributions payable by the Charity to the funds and amounted to £6,390 (2023, £8,678).
27. Taxation
The company is a registered charity and no provision is considered necessary for taxation.
22
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
Notes forming part of the financial statements for the year ended 30 September 2024 (Continued)
28. Reconciliation of net movement in funds to net cash flow from operating activities
| Net movement in funds Add back depreciation charge Deduct interest income shown in investing activities Decrease (increase) in stock Decrease (increase) in debtors Increase (decrease) in creditors Net cash provided by (used in) operating activities |
Unrestricted funds 21,360 - (6,241) (786) (43,685) 371,924 342,572 |
Restricted funds 225,942 - (689) - (38,400) (2,750) 184,102 |
2024 Total 247,302 - (6,930) (786) (82,085) 369,174 526,675 |
2023 (Unaudited) Total (216,831) - (1,865) 293 (57,753) 36,711 (239,444) |
|---|---|---|---|---|
29. Support Costs
| Commercial Salaries & Staffing Costs Marketing Activities Office Costs Consultancy & Legal Costs Banking & Administration Costs |
Unrestricted Restricted 2024 2023 (Unaudited) funds funds Total Total 30,076 12,738 42,814 66,994 44,103 200 44,303 38,408 32,626 3,123 35,748 26,114 15,670 - 15,670 9,011 71,950 - 71,950 29,757 194,424 16,061 210,485 170,283 |
|---|---|
30. Related Party Transaction
There were no related party transactions during the year.
31. Capital Commitments
As at 30 September 2024 the charitable company had no capital commitments (2023: £nil)
32. Legal Status of the Charity
The charitable company operates as a registered company limited by guarantee, the number of guarantees being 376. The liability of each guarantor is limited to £1.
End of Report
23
LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)
24