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2025-09-30-accounts

Llangollen International Musical Eisteddfod Limited (The)

Report of the Trustees and Financial Statements for year ending 30 September 2025

Eisteddfod Gerddorol Ryngwladol Llangollen Cyfyngedig

Adroddiad yr Ymddiriedolwyr a Datganiad Cyllidol ar gyfer y flwyddyn yn goffen 30 Medi 2025

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 2025

Contents

Page

Officials

Hon Chairman: Hon Company Secretary John Gambles Allison Davies Hon Vice Chairman: Lead board member for safeguarding R. Grant Calton Allison Davies Hon Treasurer: Lucy Morris (Resigned 18/09/2026)

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.

C Adams D Hennigan
L Morris (Treasurer) (Resigned 18/09/2026) K Price
G Carlton (Vice Chair) M Thomas
J. Gambles (Chair) R Davies
K. Young F Brockway
A Davies R Cannon

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 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

2

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Annual report and financial statements for the year ended 30 September 2025

Trustees’ report

The Trustees present their annual report and the independently audited financial statements for the year ended 30 September 2025.

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 13 August 2024. 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 9 years, with re-election after each 3 year term. 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.

The Executive (established in 2023) continued role is to manage and direct the operations of the Eisteddfod. The membership of the Executive during the financial year was as follows:

J Gambles (Eisteddfod Chair) D Hennigan (Trustee) A Davies (Company Secretary) Finance and Operations Manager L Morris (Treasurer) Artistic Director G Calton (Trustee) Chair of Chairs Committees Additional relevant personnel are invited depending on the business to be discussed.

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 2025 the Friends pledged £15,000 to the Eisteddfod. Their continued financial support and fundraising activities during the festival and throughout the year are greatly appreciated.

During 2025 a trading subsidiary, Llangollen Pavilion Limited, was established to operate the pavilion and site on an all year round basis.

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. 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

3

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Report of the Trustees for the year ended 30 September 2025 (continued)

Achievements and performance

As one of the most respected cultural events in Wales, the Eisteddfod attracts artists, performers, and visitors from across the globe. In 2025 Eisteddfod, the festival entered its second year in a partnership with leading event promoters Cuffe and Taylor. This collaboration enhances the festival’s scope, improves audience engagement, and broadens its reach

The Eisteddfod welcomed over 19,500 spectator visitors to the site, and over 1,800 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.

Overall ticket sales for the core Eisteddfod week evening concerts are shown in the table below.

Beyond Time: The Music of Hans
Zimmer in Concert		 1,093
Uniting Nations - One World featuring
Sir Karl Jenkins **		 1,479
KT Tunstall with Absolute Orchestra 2,341
Il Divo 2,052
Choir of the World 1,416
Bryn Terfel: Sea Songs 2,178

** Ticket sale numbers prior to cancellation

After the Wednesday afternoon parade a medical emergency was declared, which resulted in last minute cancellation of the Uniting Nations concert. Concert customers were issued refunds

Financial review

The annual accounts show a net in year surplus of £35,089, however this figure requires some context. Factors in this positive outcome are the receipt grant funding in advance, Donations made to cover specific items of expenditure in the future. When adjusting for these contributions the event made a small loss of £5,000.

While the £5,000 loss is not where we wished to end, when taking into account the last minute cancellation on the Wednesday concert, meaning no income for that event, but still all concert cost to cover had this not occurred the event would have been profitable. We were also privileged to be in receipt of significant external grant funding during the year.

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 small set back in 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 grant support received from Welsh Government Major events Unit (£90k) and the Arts Council of Wales (£100k) 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 supported projects to promote community engagement and increase access to arts and cultural activities across Wales particularly from underrepresented communities. 6 Groups were welcomed to the Eisteddfod in 2025, following on from the pilot of 3 in 2024.

On 1st April 2025 Denbighshire Leisure Limited vacated the Pavilion and the Eisteddfod took over the running of the Pavilion for the whole year, not just for a month in the summer. To facilitate this a separate company “Llangollen Pavilion Limited” has been created with Llangollen International Musical Eisteddfod being the only shareholder. The Pavilion honoured all the bookings made with DLL for the summer of 2025, and added more events to that calendar. The 1992 Lease between the Council and the Eisteddfod remains in place, with an additional agreement with the council taken to occupy all year. The long term aim for this venture is not only to add a much needed additional revenue stream to the Eisteddfod but to also be able to continue to offer a community arts venue to the local area.

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

4

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Report of the Trustees for the year ended 30 September 2025 (continued)

Reserves Policy

The Charity’s reserves consist of the General Fund, Fair Value Reserve arising from a revaluation freehold land in 2008, 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 £126,439. This represents the funding available to spend and support core costs of the organisation. In addition to this the Charity has restricted reserves of £317,710 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.

Risk Management and Principal Risks

The Trustees have overall responsibility for ensuring appropriate systems of internal control, financial management and risk management in place. The Trustees review all major risks that the organisation is exposed to and work to mitigate those risks where possible.

The principal risks identified include:

Financial Risk

The Eisteddfod is highly dependent on funding from donations, grants and other income streams. There is a risk that income levels may fluctuate, which could impact the organisation’s ability to meet its objectives. To mitigate this risk, the Trustees regularly monitor financial performance against budgets, maintain appropriate reserves, and seek to diversify income sources where possible.

Operational Risk

There is a risk that operational disruptions, including staffing changes or resource constraints, could affect the delivery of the Eisteddfod. The organisation mitigates this risk through clear operational procedures, advance planning and procurement, appropriate staff training, and regular reviewing.

Compliance and Governance Risk

Failure to comply with legal, regulatory, or governance requirements could expose the Eisteddfod to reputational or financial damage. Trustees ensure that appropriate policies and procedures are in place and that the organisation complies with relevant legislation, regulatory guidance, and best practice.

Reputational Risk

Reputation is fundamental to maintaining trust from our customers, stakeholders and securing future funding and support. Policies relating to safeguarding, data protection and conduct are implemented and reviewed regularly to mitigate any risks.

Plans for future periods

Following the success of the extended Eisteddfod programme the partnership with Cuffe & Taylor will continue for the 2026 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.

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

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.

5

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Report of the Trustees for the year ended 30 September 2025 (continued)

Independent Auditors

The current Trustees have made themselves aware of any information needed for the purpose of the independent audit and to establish that the Independent Auditors are aware of that information. The Trustees are not aware of any relevant information of which the Independent Auditors are 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 Auditors of the company will be put to the Annual General Meeting.

.......................................................................................... Allison Davies, Company Secretary

Date: 11th March 2026

For and on behalf of the Board

6

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 2025 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:

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 report.

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:

7

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Report of the Independent Auditors to the Members (Continued)

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:

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:

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.

8

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Report of the Independent Auditors to the Members (Continued)

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: 13th March 2026

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

9

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 2025

Note
Incoming resources
Incoming resources from generated funds
Donations, legacies, Grants and similar
incoming resources
4
Investment income
6
Incoming resources from charitable activities
Tickets and other sales
3
Sponsorship income
Grants
5
Total incoming resources
Resources expended
Costs of generating funds
Charitable Activities
Site
7
Music and staging
8
Competitors
9
Commercial
10
Governance Costs
11
Other resources expenditure
12
Total resources expended
13
Net Incoming resources before
other recognised gains or losses
22
Net Movement in funds
Total funds brought forward
Total funds carried forward
20,21,22
Fair Valuation Adjustment of
Freehold Land		 Unrestricted
funds
£
77,975
11,266
1,028,130
46,650
90,000
1,254,021
5,066
268,843
491,795
177,499
207,103		 Restricted
funds
£
256,279
10,293
3,529
-
-
270,101
-
24,010
159,422
11,020
58,996		 2025
Total
£
334,254
21,559
1,031,659
46,650
90,000
1,524,122
5,066
292,853
651,217
188,519
266,099
1,403,753
5,150
80,131
1,489,033
35,089
-
35,089
508,335
543,424		 2024
Total
£
432,286
6,930
1,331,334
19,650
90,000
1,880,201
1,911
362,164
705,642
179,401
251,544
1,150,305
5,150
77,283
1,232,738
21,283
-
21,283
204,431
225,714		 253,447
-
2,848
256,295
13,806
-
13,806
303,904
317,710		 1,500,662
4,850
127,387
1,632,900
247,301
-
247,301
261,034
508,335

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.

10

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Balance Sheet at 30 September 2025

Note
Non-current assets
Tangible assets
15
Investment in subsidiary at cost
Current assets
Stocks
16
Debtors and prepayments
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Creditors: amount falling due after
more than one year
19
Income funds
General fund
20/22
Restricted funds
21
Total funds
Net assets		 Unrestricted
123,103
1
2,264
128,353
336,684
467,302
(286,946)
180,356
303,460
-
303,459		 Restricted
-
-
-
263,065
263,065
(23,100)
239,964
239,964
-
239,964		 2025
£
123,103
1
2,264
128,353
599,749
730,366
(310,046)
420,320
543,424
-
543,424
225,714
317,710
543,424		 2024
£
106,000
2,689
193,838
730,626
927,153
(524,819)
402,334
508,334
-
508,335
204,431
303,904
508,335

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 11th March 2026

.......................................................................................... Date: 11th March 2026 Allison Davies, Company Secretary For and on behalf of the Board

The notes on pages 10 to 22 form part of these financial statements.

11

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Statement of Cash Flow at 30 September 2025

Note
28
6
15
Cash provided by (used in) investing
activities
Cash and cash equivalents at the
beginning of the year
Repayment of borrowings
Cash flows from investing activities
Cash used in financing activities
Interest income
Purchase of tangible fixed assets
Increase in cash and cash equivalents in
the year
Cash flows from financing activities
Total cash and cash equivalents at
the end of the year
Cash Provided by (Used in) Operating
Activities		 Unrestricted
(97,170)
11,266
(17,629)
(6,363)
-
-
(103,533)
440,219
336,686		 Restricted
(37,637)
10,293
-
10,293
-
-
(27,344)
290,409
263,065		 2025
(134,807)
21,559
(17,629)
3,930
-
-
(130,877)
730,628
599,751		 2024
526,675
6,930
-
6,930
-
-
533,605
197,023
730,628

12

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025

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.

To stabilise the financial position following losses post pandemic, continuation of the partnership with promotors Cuffe & Taylor (Live Nation) to deliver live popular music concerts outside of the traditional Eisteddfod week has enabled us to add new revenue streams to our income helping to reduce our reliance on Grant funding for core costs.

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. Budgets for the following year have been prepared with conservative estimates for income. When assessing all the information the trustees believe that there are sufficient resources to continue in operation for the foreseeable future.

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 within the year in which they are received.

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.

Rounding accounting policy

The financial statements are presented in pound sterling and amounts are rounded to the nearest whole pound.

13

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (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 accountancy and independent auditors 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 20% on cost Computer Hardware 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.

14

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

2. Net incoming resources

incoming resources
2025 2024
Net incoming resources are stated after charging £ £
Independent examination fee 5,150 4,830
Depreciation of tangible fixed assets – owned 526 -
Hire of plant and machinery - operating leases - -
- short-term hires 151,668 173,837
Lease of land and buildings 3,500 7,000

3. Tickets and other sales

Unrestricted
funds
£
489,862
50,250
540,112
23,887
992
24,878
214,921
1,850
12,729
114,025
-
7,308
-
7,082
19,902
4,713
45,230
2,984
32,396
248,220
1,028,130
Fundraising
Merchandise Sales
Programmes
Broadcasting
Site Rents
Profit share on Live Events
Sundries
Rents Received
Lottery
Floral
Other sales
Booking Fees, Commission on Ticket Sales, & Postage &
Bar Income
Tickets and other sales
Tickets
Parking Income
Site Income
Other Income
Competitors Liaison
Advertising
Venue Levy		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
3,194
-
335
-
-
-
-
-
-
3,529
3,529		 2025
Total
£
489,862
50,250
540,112
23,887
992
24,878
214,921
1,850
12,729
114,025
3,194
7,308
335
7,082
19,902
4,713
45,230
2,984
32,396
251,748
1,031,659		 2024
Total
£
870,924
50,750
921,674
21,215
989
22,204
204,662
1,350
(4,371)
50,032
3,180
17,484
-
3,920
25,344
5,748
33,333
19,296
27,479
182,795
1,331,334

15

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

Donations
Millenium Stadium Grant
Hospitality
4. Donations, legacies, Grants and similar incoming
resources
Unitary and Community Councils
Grants
Legacies
James Pantyfedwyen
Musical Eisteddfod
Floral
Prizes
Donated services
Denbighshire Leisure Limited
Arts & Business Grant
Arts Council of Wales
HMRC Gift Aid
Friends of Llangollen International
General Donations
Anonymous Donations		 Unrestricted
funds
£
15,000
16,527
5,000
-
-
-
-
4,656
16,090
8,702
-
-
12,000
-
-
77,975		 Restricted
funds
£
-
10,750
-
4,360
21,068
800
516
-
8,116
-
182,169
15,000
-
8,500
5,000
256,279		 2025
Total
£
15,000
27,277
5,000
4,360
21,068
800
516
4,656
24,206
8,702
182,169
15,000
12,000
8,500
5,000
334,254		 2024
Total
£
15,500
21,106
5,000
6,360
13,460
750
633
2,962
241,500
3,100
104,050
5,865
12,000
-
-
432,286
5. Grants relating to charitable activities
6. Investment income
Major Events Unit, WAG
Bank and money market interest		 Unrestricted
funds
£
90,000
90,000
Unrestricted
funds
£
11,266
11,266		 Restricted
funds
£
-
-
Restricted
funds
£
10,293
10,293		 2025
Total
£
90,000
90,000
2025
Total
£
21,559
21,559		 2024
Total
£
90,000
90,000
2024
Total
£
6,930
6,930

16

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

7. Site Expenditure
Postage, Printing and Stationery
Telephones
Canvas & Porta Cabins
Site Decoration
Car Park Costs
Salaries, NI and Pensions
Rent & Rates
Temp Power
Floral
Equipment Hire
Sundries
Health & Safety
Exps & Training
Insurance
Cleaners and Materials
Ushers & Volunteer Costs
Utilities
Depreciation
Security & Medical
Maintenance		 Unrestricted
funds
£
7,713
12,722
3,387
6,262
31,225
13,525
25,736
1,672
76,204
36,096
7,856
-
37
5,172
114
309
2,654
37,784
378
-
268,843		 Restricted
funds
£
4,817
-
-
-
-
15,000
-
-
-
-
-
2,542
-
-
10
450
689
500
-
-
24,010		 2025
Total
£
12,530
12,722
3,387
6,262
31,225
28,525
25,736
1,672
76,204
36,096
7,856
2,542
37
5,172
125
759
3,343
38,284
378
-
292,852		 2024
Total
£
11,224
11,918
3,441
6,883
45,932
20,872
48,350
354
92,961
56,775
7,097
3,077
-
8,350
154
766
6,186
37,511
315
-
362,164
8. Music and staging expenditure
Outreach Projects
Hire of Halls and instruments
Salaries, NI and Pensions
Grant Costs
Staff expenses and training & Recruitment
Volunteers’ meals and expenses
Postage, Printing and Stationery
Syllabus printing
Concert artists’ fees and expenses
Freelance Artistic Staff
Competitors’ club
Adjudicators, Presenters and Accompanists
Performing rights
Prizes and Trophies
Depreciation
Telephones
Insurance
Sundries
Community days
Sound Equipment, stageing and lighting
Digital Eisteddfod Costs		 Unrestricted
funds
£
10,033
43,545
235,107
125,043
19,899
-
-
-
-
13,747
15,926
17,442
4,495
-
37
2,540
114
309
2,654
378
526
491,795		 Restricted
funds
£
13,349
10,800
15,350
5,450
206
-
-
99,205
-
-
13,402
-
510
-
-
-
10
450
689
-
-
159,422		 2025
Total
£
23,382
54,345
250,457
130,493
20,105
-
-
99,205
-
13,747
29,329
17,442
5,005
-
37
2,540
125
759
3,343
378
526
651,217		 2024
Total
£
19,844
35,835
379,713
104,616
26,645
-
-
41,811
-
17,489
35,644
30,153
3,890
-
-
2,581
154
766
6,186
315
-
705,642

17

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

9. Competitors’ expenditure
10. Commercial Expenditure
Local coaches
Long-distance coaches
Salaries Social Security costs and Pensions
Meals
Group Assistance
Salaries, Social Security costs and Pensions
Staff expenses & recruitment
Other Misc. Associated costs
Transport
Staff training
Advertising
Subscriptions
Sponsorship & Corporate Hospitality
Archive & Research
Sundries
Depreciation
Publicity & Marketing
Fundraising Manager
Website & IT Costs
Volunteer Costs
Telephones
Insurance
Bad Debts
Staff expenses
Programme, Ticket & Seat label printing
Ticket Agency commission
Postage, printing and stationery
Fundraising costs
Repairs, Servicing and leasing of Equipment
Consultancy & Licence Fees
Public Relations
Bank & Credit Card Charges
Advertising Signs & Banners
Other
Accommodation		 Unrestricted
funds
£
120,944
23,284
19,395
1,433
-
-
12,443
-
177,499
Unrestricted
funds
£
35,822
15
171
32,661
-
4,294
-
5,045
7,986
1,610
11,139
59
25,305
32,131
1,264
15,173
1,378
534
1,440
12,386
1,764
-
5,000
6,525
5,400
207,103		 Restricted
funds
£
-
-
-
1,500
1,900
527
7,093
-
11,020
Restricted
funds
£
21,825
396
-
14,975
710
2,000
756
-
-
-
-
-
3,240
2,118
838
5,610
1,162
49
2,100
3,217
-
-
-
-
-
58,996		 2025
Total
£
120,944
23,284
19,395
2,933
1,900
527
19,536
-
188,519
2025
Total
£
57,647
411
171
47,636
710
6,294
756
5,045
7,986
1,610
11,139
59
28,545
34,248
2,102
20,784
2,540
583
3,540
15,603
1,764
-
5,000
6,525
5,400
266,098		 2024
Total
£
126,777
14,147
15,119
2,510
4,350
465
16,033
-
179,401
2024
Total
£
39,829
-
404
31,840
676
5,040
2,711
7,049
10,544
4,281
15,670
458
20,634
22,447
5,466
21,809
2,581
717
3,577
28,870
1,469
-
-
11,076
14,400
251,544

18

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

11. Governance Costs
Unrestricted
funds
£
Audit Fees
5,150
5,150
12. Other Resources Expenditure
Unrestricted
funds
£
Irrecoverable VAT
77,283
77,283
13. Total resources expended
Staff Costs
Depreciation
-
-
12,529
-
23,382
526
19,536
-
57,647
-
-
-
-
-
-
-
113,094
526
14. Employees
Staff costs consist of:
Wages and salaries
Social Security Costs
Pensions
Administration
Marketing
No Individual employee was paid £60,000 per annum or above.
The average number of employees, analysed by function, was:
Site
M&S
Competitors
Commercial
Cost of Generating Funds
Governance
Other
Bad Debts		 Restricted
funds
£
-
-
Restricted
funds
£
2,848
2,848
Other Costs
5,065
280,323
627,309
168,983
203,451
5,150
80,131
5,000
1,375,412		 2025
Total
£
5,150
5,150
2025
Total
£
80,131
80,131
2025
5,065
292,852
651,217
188,518
261,098
5,150
80,131
5,000
1,489,032
2025
£
98,421
9,756
4,916
113,094
2025
5
1
6		 2024
Total
£
4,850
4,850
2024
Total
£
127,387
127,387
2024
1,911
362,164
705,642
179,401
251,544
4,850
127,387
-
1,632,899
2024
£
79,395
5,340
2,193
86,928
2024
4
1
5

Key Management Personnel

Key Management personnel comprise Chairman, Vice Chairman and Company Secretary who have the authority and responsibility for planning, directing and controlling the activities of the charity.

None of the key management personnel received remuneration for their services during the year. (2024: nil)

None of the Trustees received any remuneration during the year. Total out of pocket expenses of £nil were reimbursed to Trustees during the year (2024 - £nil).

19

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

15. Fixed assets

xed assets
At 30 September 2024
Net book value
Cost or valuation
At 1 October 2024
Depreciation
At 1 October 2024
Charge for the year
At 30 September 2025
Additions		 Freehold
Property
Land
Improvements
£
£
106,000
75,953
15,000
-
121,000
75,953
-
75,953
-
-
-
75,953
121,000
-
106,000
-		 Plant and
Equipment
£
302,892
2,629
305,521
302,892
526
303,418
2,103
-		 Total
£
484,845
17,629
502,474
378,845
526
379,371
123,103
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.

During the year, LIME received a parcel of land as a legacy. The asset has been recognised at the fair value of £15,000 at the date of receipt

Comparable amounts determined according to the historical cost convention are as follows:

Cost
Accumulated depreciation
Net Book Value at 30 September 2025
Net Book Value at 30 September 2024		 Freehold
Land
£
21,725
-
21,725
6,725		 Property
Improvements
£
75,953
(75,953)
-
-		 Plant and
Equipment
£
305,521
(303,418)
-
-		 Total
£
403,199
(379,371)
23,828
6,725
16. Stocks
Merchandise
Trophies		 Unrestricted
funds
£
1,548
716
2,264		 Restricted
funds
£
-
-
-		 2025
Total
£
1,548
716
2,264		 2024
Total
£
2,324
365
2,689

20

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

17 Debtors and prepayments
Unrestricted
funds
£
Debtors
120,455
Prepayments and accrued income
3,789
VAT
4,109
128,353
18 Creditors: amounts falling due within one year
Unrestricted
funds
£
Creditors
189,617
Accruals and deferred income
97,329
VAT
-
286,946
19 Creditors: amounts falling due after more than one year
Unrestricted
funds
£
Long term Creditors
-
20 General fund
Balance at 1 October 2024
Surplus on income and expenditure account
Balance at 30 September 2025		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
23,100
-
23,100
Restricted
funds
£
-		 2025
Total
£
120,455
3,789
4,109
128,353
2025
Total
£
189,617
120,429
-
310,046
2025
Total
£
-
£
105,156
21,283
126,439		 2024
Total
£
181,006
3,756
9,076
193,838
2024
Total
£
415,535
109,284
-
524,819
2024
Total
£
-

21 Restricted funds

ACW Connect & Flourish

Connect and Flourish Project 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.

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

Arts & Business Cymru

Grant received to support to apprentice role within the staff team.

21

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (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.

Concert fund

Donation received towards holding the United Nations concert featuring Peace Child International. Due to the last minute cancellation of this event, this money has been carried forward to assist in holding the event in 2026

Dance Fund

Funds to be invested, and income from the investment is to be spent on Dance competitions.

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.

Inclusion Project

Supported by grants and donations this project aims to promote unity and diversity throughout the region. Giving a diverse mix of local disability and community groups the opportunity to perform on the international stage.

James Pantyfedwen Grant

Money received from the foundation to support the choir of world competition evening.

Lottery Fund

Monies raised via eisteddfod lottery, expenditure to help the Eisteddfod with purchase of items requested by volunteers, to assist with their roles or for the overall benefit of the teams.

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.

Volunteer Development

Grant received from the Wales Millennium Centre. To be used to for software to assist in organisation of our volunteer team

22

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

21 Restricted funds (Continued)

22. Fair Value reserve
Freehold and leasehold land
Volunteer Assistance
Donations & Services in kind
Floral
Hospitality
Lottery Fund
ACW Create Grant
Archive Project
Art & Business Cymru
Competitors Bursaries
Peace message & Competitors Club
Volunteer Development
Concert Fund
Dance Fund
DLL Grant
Site Development Fund
Prize Funds
Reach out project
ACW Stategic Grant
ACW Connect & Flourish Grant		 Balance at
1 Oct 2024
£
41,615
-
-
4,245
-
394
-
235,000
-
-
7,039
1,907
-
782
8,350
715
1,856
2,000
-
303,904
Balance at
1 Oct 2024
£
99,275		 Income
£
82,487
100,000
-
32
8,500
753
10,000
17,883
15,000
4,360
4,047
530
335
6
21,132
5
14
15
5,000
270,101
Revalued
in Year
£
-		 Expenditure
£
124,102
100,000
-
756
8,500
800
-
2,600
-
4,360
2,542
527
-
206
11,902
-
-
-
-
256,295
Balance at
30 Sept 2025
£
99,275		 Balance at
30 Sept 2025
£
-
-
-
3,521
-
347
10,000
250,283
15,000
-
8,545
1,910
335
582
17,580
721
1,870
2,015
5,000
317,710

The fair value reserve represents cumulative fair value gains and losses recognised in other comprehensive income in respect of assets measured at fair value.

There were no movements in the fair value reserve during the year ended 30 September 2025. The balance therefore remains unchanged from the prior year.

The assets were last valued on 30 September 2008, and management is satisfied that the carrying value at the reporting date does not materially differ from the fair value.

23

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

23. Analysis of net assets between funds

At 30 September 2024
Restricted funds:
ACW Connect & Flourish Grant
ACW Stategic Grant
ACW Create Grant
Archive Project
Art & Business Cymru
Competitors Bursaries
Concert Fund
Dance Fund
DLL Grant
Donations & Services in kind
Floral
Hospitality
Lottery Fund
Peace message & Competitors Club
Prize Funds
Reach out project
Site Development Fund
Volunteer Assistance
Volunteer Development
Unrestricted Funds
Balance		 Tangible
fixed assets
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
123,103
123,103		 Net current
assets
£
-
-
-
3,521
-
347
10,000
250,283
15,000
-
8,544
1,910
335
582
17,580
721
1,870
2,015
5,000
317,709
102,612
420,321		 Long-term
liabilities
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
£
-
-
-
3,521
-
347
10,000
250,283
15,000
-
8,544
1,910
335
582
17,580
721
1,870
2,015
5,000
317,709
225,715
543,424

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 £4356 income for Friends and made payments of £5469.54 on their behalf. 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 £7,222 (2024, £6,390).

27. Taxation

The company is a registered charity and no provision is considered necessary for taxation.

24

LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD (THE) (a company limited by guarantee)

Notes forming part of the financial statements for the year ended 30 September 2025 (Continued)

28. Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Add back depreciation charge
Net cash provided by (used
in) operating activities
Deduct interest income shown in investing activities
Decrease (increase) in stock
Decrease (increase) in debtors
Increase (decrease) in creditors		 Unrestricted
funds
21,284
526
(11,266)
425
103,885
(212,023)
(97,170)		 Restricted
funds
13,806
-
(10,293)
-
(38,400)
(2,750)
(37,637)		 2025
Total
35,089
526
(21,559)
425
65,485
(214,773)
(134,807)		 2024
Total
247,302
-
(6,930)
(786)
(82,085)
369,174
526,675

29. Support Costs

pport Costs
Consultancy & Legal Costs
Commercial Salaries & Staffing Costs
Marketing Activities
Office Costs
Banking & Administration Costs		 Unrestricted
Restricted
2025
2024
funds
funds
Total
Total
37,387
23,383
60,770
42,814
39,375
15,685
55,059
44,303
20,176
9,353
29,529
35,748
11,139
-
11,139
15,670
74,821
8,575
83,396
71,950
182,898
56,996
239,893
210,485

30. Related Party Transaction

During the year, Llangollen International Musical Eisteddfod became a relevant legal entity in relation to Llangollen Pavilion Limited. This relationship arose on the 7th of March 2025, when the charity obtained terms of Relevant Legal Entity.

The charity owns 100% of the issued share capital of Llangollen Pavilion Limited, a company incorporated in England and Wales. The subsidiary was established during the year to operate the Pavilion and site on a year-round basis. The charity is therefore the parent undertaking of a group.

The financial statements present the results of the charity only. Consolidated financial statements have not been prepared as the group qualifies as small under the provisions of section 383 of the Companies Act 2006 and the charity has taken advantage of the exemption from preparing group accounts under section 399 of the Companies Act 2006.

The subsidiary’s principal activity is the operation and management of the Pavilion and associated events.

At 30 September 2025 the aggregate capital and reserves of the subsidiary were £62,357 and the profit/(loss) for the part year was £60,707.

At the year end the charity had a balance of £26,837 receivable from the subsidiary. All transactions were undertaken on an arm’s length basis

During the year the charity entered into a new lease agreement part way through the financial year. Under the terms of the new agreements, the annual rent payable if £1. The premises was previously occupied at a market rent of £7,000 per annum.

31. Capital Commitments

As at 30 September 2025 the charitable company had no capital commitments (2024: £nil)

32. Legal Status of the Charity

The charitable company operates as a registered company limited by guarantee, the number of guarantees being 379. The liability of each guarantor is limited to £1.

End of Report

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