REGISTEREO COMPANY NUMBER.. 01437526 (England and Wales)
REGISTERED CHARITY NUMBER: 509023
Report of the Trustees and
Unaudlted Flnanelal Statements
for the Year Ended 31 December 2023
for
North Wales Internatlonal Muslc
Festlval Llmlted
Salisbury & Company
Chartered Accounlanls
Irish Square
Upper Denbigh Road
st Asaph
Deribighshire
LL17 ORN

North Wales International Muslc
Festlval Llmlted
Contents of the Flnanclal Statements
for thè yèar ènded 31 Dacombor 2023
Page
Report ofthe Trustees
Independent Examlner's Report
statement of Flnanclal Actlvltles
Balance Sheet
Notes to the Flnanclal Statements
9 to 13
Detalled Statement of Flnan¢lal Actlvltles
14

North Wales Internatlonal Muslc
Festlval Llmlted
Report of the Trustees
for the year ended 31 December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with
tr)e financial statements of the charity for the year ended 31 De¢ember 2023. The trustees have adopted the provisions
of A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparin9 their
accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021
leffeclive 1 January 20151.
OBJECTIVES AND ACTIVITIES
Objectlves and alms
The company is established for charitable purposes, namely the promotion, maintenance, improvement, and
advancement ol education, particularly by the promotion of educational musical concerts and the encoLiragemenl of the
Arts, including the Arts ol music, ballet, singing, dr2ma, mime, dancing and the formulation, preparation and
establishment of schemes therefore and in furtherance of the foregoing objects.
The objectives of the charity are to..
serve the existing core audience
develop new audiences and increase accessibility to include those who would not access high sl8ndard music
engage directly vilh the community
provide a platform for well-es18blished and up and coming Welsh performers and the music of Welsh composers
conts'nue to utilise the magnificent acoustics of Sl Asaph C8thedr81
ensure close integration with the Festival marketing strategy
The overriding aim of the Festival is lo provide as wide as possible a cross-section of the communities of North Wal85
with the opportunity to experience live performances of classical music given by the perforiners of the highest quality.
This document outlines the central strands of artistic policy which govern the programmin9 for the Festival in order to
achieve this objective.
The Iruslees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing the Charity's aims and objectives and in plaTrning future activities and setting Ihe
programming policy for the year.
Slgnlflcant actlvllles
The strategies employed to achieve the Charity's objectives are to provide a wide variety of Programming and provide a
platt orm for Vvelsh Pertormers and Composers.
After celebrating 50 glorious years in 2022 the 2023 North Wales International Music Festsval marked the threshold of
new horizons as, after a 20 year tenure, Ann Atkinson stepped down as the Artistic Director this festival. This was the
end of a major chapter in the Festival's history.
To celebrate this Festival the invited artists included Vocal Ensemble Tenebrae, Mugenkyo Taiko Dru mmers, Kabantu
Folk Band. Trelawnyd & Bro Glyndwr Male Voice Choirs. Dee Sign 8SL Choir, Pedair - Gwen8n Gibbard, Gwyneth Glyn,
Meinir Gwilym & Sian James, Welsh Poet Aled Lewis Evans, NEW Sinfonia, NEW Voices Choir & Conductor Robert
Guy, Violinist Tai Murray IUSAI, Pianist Teleri Sian. Pianist Janina Fialkowska18avarial, H arpist Calrin Finch & Violinist
Aoife Ni Bhrain Ilrelandl, Vocal soloists Dafydd Jones Tenor, Lisa Dafydd Soprano, Ann Atkinson Mezzo & Kevin Sharp
Baritone, Ensemble Cymru - Peryn Clemenl Evans & Iwan Llewelyn-Jones, Live Music Now Cymru performers, Visual
Artists Ben Davis & Jude Wood & Musician Sioned Webb, and the St Asaph Cathedral Choir.
We were able lo deliver and host eight ev8nin9 concerts, six were sell out concerts at full capacity., five day lime
concerts which incliided a Dementia Friendly piano recital by Iwan Owen.ILMNI.' six workshops and masterclasses,
working with every age group., extensive involvement from the community from the Male Voice Choirs, Sl Asaph
Cathedral Choir, Dee Sign BSL Choir and NEW Voices., our Arts and Musi¢ project and LMN players delivered our
Community Tour. All the work delivered was developed around the overall theme of 'Horizons' e.g. The Horizon of
WoTds, The Golden Horizon.
We facilitated three new commissions from composers Pau5 Mealor. Gareth Glyn & Jon Guy. fulfilling our aim lo
highlight and develop Welsh music. Paul Mealor's piece 'A Welsh Blessing, was a very moving setting lor SAT8 Choir
and complimented 'The Welsh Prayer. we commissioned from him in 2013. Both pieces were sung by NEW Voices
during the final concert.
Gareth Glyn's organ work 'The Golden Horizon, was inspired by his great grandfather's decision lo emigrate to America
during the Gold Rush leaving behind his wife and 4 children. Jon Guy's 'Gresford. Dark Horizon, is an overture lo what
will become a new dramabc work lo tell the story of those who were lost in the Gresford mining disaster 90years ago.
The piece was written especially and played by our 40 inslrumenlal project participants aloF)gside NEW Sinfonia. (This
project was funded by the Thomas Howells Education Fund for North Wales).
Page 1

North Wales Internatlonal Muslc
Festlval Llmlted
Report of the Trustees
for the year ended 31 December 2023
ACHIEVEMENT AND PERFORMANCE
KEY SUCCESSES
Performances
As listed previously all the activity we delivered, from concerts to all the community work, made the overall festival quite
an achievement 2nd success. A very fitting way to say farewell to the outgoing Artistic Director, Ann Al￿.nson, after 20
successful years. The box office takings were a teslamenl lo this.
Charltable Actlvltles
Our community and education outreach work remains an important priority. LMN Cymru musicians delivered our
Community Tour, concerts for children & tots, as well as our Dementia Friendly concert. These are all free events.
Education Strand
Our well established Instrumental Project took place again with NEVV Sinfonia. The potential and enthusiasm from
youngsters for this project has been phenomenal over recent years. Participants of our projects many years ago were
Robert & Jon Guy. the founders of NEW Sinfonia.
The Horizonl Gotwellion arts and Music project led by artists Ben Davis & Jude Wood worked with five groups of adults
and young people living with disability across the area and also with six primary schools. We liaised with Disability Arts
Wales and STAND. The athork produced created the dramatic installation in the Cathedral for the duration of the
Festival. Our Headline sponsor Pendine Park with their resident artist Sarah Edwards and their dements'a residents were
also involved in creating parl ol the installation.
Our association with the William Mathias Music Centre enabled us again to deliver 'Camau Cerdd, I Steps in Music
stimulating fun music classes for Ihe very young. We had sessions which were bolh very well attended.
FINANCIAL REVIEW
Investment polley and objectlves
The Board of Trustees has not formulated an investment policy since no investments are made as such. All reserves are
to be applied to ensuring the sustainability of the Festival and are therefore kepl on accessible deposit accounts with
banks.
Flnan¢lal rosuIt$
The Festival has run at a surplus of expenditure over income of £4,726 in 2023, having budgeted for a deficit of £2,000,
and ils finances remain in a healthy state with closing reserves equal to 23 per cent of current year income. Festival
management continues lo exercise tight control of costs and is effective in obtaining sponsorships, donations. and gift
aid, which permits us to budget for a sm811 deficit for 2024. Again, the Festival Manager and Artistic Director are to be
congratulated on their ability to control costs and cultivate the good will of artists, suppliers, and supporters.
Reserves pollcy
A formal policy on reserves w8s agreed at the 18th March 2013 meeting of the executive ¢ommiltee.
11 stales..
The trustees have set a reserves poli¢y which requires that..
Reserves be maintained at a level which ensures that the Festival's core a¢livity could continue during a
period of unforeseen difficulty. The level of reserves that would meet this objective is estimated to be between
15 and 20 per ¢er)t of income for the year, in accordance with the standard recommendab'on of Ihe Arts
Council for Wales.
The reserve be held in cash deposits.
The policy be reviewed annually, taking into account the perceived risks associated with major income
streams and the previous year's experience of actual income and expenditure, including the timing of cash
flows.
A budget surplus be planned for the current year if the level of reserves is below the target levels. This is to be
done by the inclusion of appropriations lo reserves under Contingencies in the budget plan.
A balanced budget be planned for the current year if the level of reserves is within the target levels.
A bLJdgel deficit be planned for the current year if the level of resetves is above the target1evels.
Page 2

North Wales Internatlonal M us1¢
Festlval Llmlted
Report of the Trustees
for the year ended 31 December 2023
FUTURE PLANS
The 2024 Festival, in September is gearing up for a period of exciting developmenu transformation after the
appointment of a new artistic director. Paul Mealor. With our 2024 theme of 'Trawsnewidiadaul Transformations, we will
be bui5ding upon 52 successful years and looking to develop an artistically and environmentally sustainable future by
embiacing the rich cultural diversity of North Wales and celebrating our si milarities and differences via music and the
Welsh language. Vve will be nurturing Welsh talent and, through educationally diverse and inclusive projects aim to
animate the young into engaging with the physical environment, arl, cultur&, local history and the ethnically rich and
diverse communities around us.
The artists performing at the 2024 festival will be The King's Singers, Folk group Ar Lo9, our orchestra in residence
NEVV Sinfonia lin a new opera by Jon Guy and Grahame Davies lo commemorate Gresford at 90, jointly commissioned
by us), Foden's Brass Band, the BBC National Orchestra of Wales. Ellis Thomas (Piano), Jeremy Huw Williams Ivoicel,
the North Wales Choral Union and Orchestra, Iwan Llewelyn-Jones (Piano), as well as our very first festival fringe series
of events which will include Aisha Kigs (Rn Bl, a poetry evening from Grahame Davies, a comedy night and a Vvelsh folk
music night.
The festiV81 will also feature instrumental project students al our Greslord at 90 opera, a composer's project based
around Mussorgsky's Pictures at an Exhibition (which celebrates ils 150th birthday in 20241 and our inaugural Pendine
Young Musician of Wales competition.
We also have three arts projocls based on our theme 'Transformalions', the result of this project will provide an
installation within the Cathedral to celebrate the Festival and highlight the theme. 'Camau Cerdd, l Musical Steps for
babies to 7 year olds," schools and lols concerts, a Dementia Friendly & Inclusive concert, and our annual ¢ommunity
lour with musicians from Live Music Now Cymru. The community tour will ¢ontinue in the larger community in North
Wales lo give all an interactive and enjoyable experience.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by ils governing document, a deed of trusl, and constitutes a limited company, limited by
gLiarantee. as defined by the Companies Act 2006.
The company was incorporated on 16th July 1979 and is governed by 8 Memorandum and Articltss of Association, which
were last amended on 11 th November 2008.
Every Trustee undertakes to contn'bule to the assets of the Company in the event of ils being wound up during the lime
helshe is a Trustee. The liability of each member will not exceed one pound1£11 for payment of the d&bls and liabilities
of the company contracted before the lime when helshe ceases lo be a Trusleo.
Recrultment and appolntment of new trusteès
The appointment of Trustees is set out in the Articles of Association, and a maximum of one third of the trustees must
retire al each Annual General Meeb'ng. The exception lo this rule are those persons holding the following offices.. Bishop
of Sl Asaph, Dean of St Asaph. the Chief Executive of Denbighshire County Council lor his nominee), and the Festival's
Head Steward, who are members of the council ex officio.
Every Trustee on election shall either sign a wiitten consent to become a member or sign the register of members on
becoming a member. The members of the Company shall be the subscribers to the Memorandum of Association.
Trustees can co-opt members onto the council lup lo a maximum of six) to assist in the advancement of the Objectives
of the Company, and they will be granted voting rights.
Assessors appointed by the Arts Council in Wales are allowed to attend Council meelings, however they do not h8ve
any voting powers.
Governance and Internal Control
The Council of Members meet on a monthly b8SlS to direct the management and governance of the company. This
includes reviews of the policies and protocols, developments to services, finances and fundraising. An Execukn've ViGe
Chair is appointed by the Management Council lo oversee operations by the Festival Manager. An Artistic Director plans
the programme of events for the September Festival.
Governance and management structure continues lo be reviewed, with ongoing support from the fesb'val's Arts Council
of Wales officer.
Page 3

North Wales Internatlonal Muslc
Festlval Llmlted
Report of the Trustees
for the year ended 31 December 2023
STRUCTURE, GOVERNANCE ANO MANAGEMENT
Councll Members
The Council of MembeTS IS Gompiled of the following who served during the year..
Righl Rev Dr Gregory Cameron
The Very Rev N H Williams
Mrs Mair Dowell
Ms Susan Mason
Dr Kevin Sharp
Mrs Kathryn Heeley
Dr Prydwen Elled-owens
Mr John Hosking
Mr Meirick Lloyd Davies
Mrs Vera Savage
Venerable E Bernard Thomas
Prof John Solbe
Mr Paul Booth
Trustees are appointed by the members at the Annual General Meeting after nomination in accordance with the
procedures laid down in the Company's Athcles of Association,
Related partles
The Company has a close relationship with the Cathedral in Sl. Asaph, which is the venue for the festival., neither is
classed as a related party for accounting Irealmenl.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company numbei
01437526 (England and Wales)
Reglstefed Chailty number
509023
Reglstered offlce
Clo Swayne Johnson Solicitors
High Street
Sl Asaph
Denbighshire
LL17 ORO
Trustees
Or K Sharp
Professor J Solbe
Venerable E B Thomas
Right Rev G Cameron
Mr M L Davies
Ms S Mason
Mrs V Savag8
The Very Rev N H Williams
Mrs M Dowell
Mrs K Heeley
Mr J Hosking
Mr A S Jones (appointed 23151231
President
The Right Reverend Dr Gregory Cameron
Chairman
The Very Reverend N H Williams
Denbighshire County Council nominee
Meirick Lloyd Davies
Festival Steward
Professor John Solbe
Co-opted trustee
Venerable E B Thomas
Company Secretary
Mr O L Williams
Page 4

North Wales Internatlonal M uslc
Festlval Llmlted
Report of the Trustees
for the year ended 31 December 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examlner
8ali3bury & Company
Chartered Accounlanls
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 ORN
FUNDS POLICY
The funds of the Company are all unrestricted. and there are no specifically designated funds.
Approved by order of the board of trustees on
11120"
and signed on ils behalf by..
1&4
The Very Rev N H Williams - Trustee
Page 5

Independent Examlner's Report to the Trustees of
North Wales Internatlonal Musl¢
FestSval Llmlted
Independent examlner's report to the trustees of North Wales Internatlonal Muslc Festlval Llmlted I'the
Company)
report to the charity trustees on my examination of the accounts of the Company for the year ended
31 December 2023.
Responslbllltles and basls of report
As the charity's trustees of the Company land also its directors for the purposes ol company lawl you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Acl'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Acl
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the
Directions giver) by the Charity Commission under Section 145151 Ibl of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me Cause to believe,,
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for a¢¢ounling and reporting by charities (applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IfRS
10211.
I have no concerns and have come across no other matters in connection with the examinalion to which attents'on should
be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
Jason Matischok
Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 ORN
Date..
az
Page 6

North Wales Internatlonal Muslc
Festlval Llmlted
Statement of Flnanclal Actlvltles
for the year ended 31 December 2023
2023
Unrestricted
fund
2022
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
105,594
125,460
Other trading activities
Investment income
33,499
185
27,453
44
Total
139,278
152,957
EXPENDITURE ON
Raising funds
134.552
154,256
NET INCOMEI(EXPENDITUREI
4.726
11,2991
RECONCILIATION OF FUNDS
Total fund$ brought forward
27,320
28,619
TOTAL FUNDS CARRIED FORWARD
32,046
27,320
The notes form part of these financial slalements
Page 7

North Wales Internatlonal M us1¢
Festlval Llmlted
Balance Sheet
31 December 2023
2023
Unrestricted
fund
2022
Total
funds
Notes
CURRENT ASSETS
Debtors
Cash at bank
10,640
35,884
8,639
40,250
46,524
48,889
CREDITORS
Amounts falling due within one year
10
114,4781
121.5691
NET CURRENT ASSETS
32,046
27,320
TOTAL ASSETS LESS CURRENT LIABILITIES
32,046
27,320
NET ASSETS
32,046
27,320
FUNDS
Unrestricted funds
32,046
27,320
TOTAL FUNDS
32,046
27,320
The ch8rilable company is enlilled lo exemption from audil under Section 477 01 the Companies Act 2006 for Ihe year
ended 31 December 2023.
The members have not required the company to obtain an audit of ils financial statements for the year ended
31 December 2023 In ac¢ordan¢e wlth Sectlon 476 01 the Companies Acl 2006.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply wth Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give 8 true and fair view of the state ol affairs of the charitable company as
al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the
requirements of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating lo financia1 statements. so far as applicable lo the charitable company.
Ibl
These f1nancial statements have been prepared in accordance with the provisions applicable to charitable companies
subject lo the small companies reg￿rne,
The
Inan
ial statements were approved by the Board of Trustees and authorised for issue
and were signed on its behalf by..
on
The Veiy Rev N Fl Williams - Trustee
The notes form part of these financial stalements
Page 8

North Wales Internatlonal Muslc
Festlval Llmlted
Notes to the Flnanclal Statements
for the year ended 31 December 2023
ACCOUNTING POLICIES
Basls of preparlng the flnanclal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared In accordance with Ihe Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalement
of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial
Repotknng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,. FInanc￿al
Repoth'ng Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the hislori¢al ¢ost Convention.
Income
All income is recognised in the S181emenl of Financial Activities once the charity has entitlement to the funds, il
is probable that the ￿ncome will be received and the amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon as there is a leg81 or conslru¢live obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is a¢counted for on an accruals basis and
has been classified under headings that aggregate all cost related to tho category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consislenl with the use
of resources.
Tangl ble fixed assets
Deprocialion 1$ provided at th8 following ann¢Jal rates in ordar lo wrilg off gach 8s$91 over its gslim8ted useful
Fixtures and fittings
1 Ook on cost
Taxatlon
The charity is ex8mpt from corporalion lax on ils charitable activities.
Fund accountlng
Unrestri¢ted funds can be used in accordance with the chari18ble objectives al the discretion ol the trustees.
Restricted funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purpose. Expenditure which
meets these criteria is charged lo the fund,
Further explanab'on of the nature and purpose of each fund is included in the notes to the financial statements,
Golng concern
The trustees have reviowed the charity's performance and all other considerations, and as a result believe that
the going concern basis is reasonable.
OTHER TRADING ACTIVITIES
2023
2022
Box office receipts
Programme and records sales
Friends subscriptions
Bar Income
Raffle
Refreshmenls
Merchandisè
27,723
926
971
1,157
1,899
823
22.317
1,020
975
820
1,352
685
284
33.499
27.453
Page g
continued...

North Wales Internatlonal Muslc
Festlval Llmlted
Notes to the Flnanclal Statements contlnued
for the year ended 31 Oecember 2023
INVESTMENTINCOME
2023
2022
Deposit 8ccounl interest
185
44
TRUSTEES. REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefits for the year ended 31 December 2023 nor for the year
ended 31 December 2022.
Trustees, expenses
There were no Iruslees, expenses paid for the year ended 31 December 2023 nor for the year ended
31 December 2022.
STAFF COSTS
The average monthly number of employees during the year was as follows..
2023
2022
Management and administration
No employees received emoluments in excess 01 £60.000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and lega¢ies
125,460
Other trading activiti66
Iiivestmenl inconi
27,453
44
Total
152.957
EXPENDITURE ON
Raising funds
154,256
NET INCOMEIIEXPENDITURE)
11,299}
RECONCILIATION OF FUNDS
Total funds brought lorward
28,619
TOTAL FUNDS CARRIED FORWARD
27,320
Page 10
continued

North Wales Internatlonal Muslc
Festlval Llmlted
Notes to the Flnanclal Statements - contlnued
for the year ended 31 December 2023
TAXATION
No charge to Corporation Tax arose for the current or previous years. The company has charitable exemption
status for Corporation T9¥ purposes.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
COST
At 1 January 2023 and 31 December 2023
2,043
OEPRECIATION
At l January 2023 and 31 December 2023
2,043
NET BOOK VALUE
Al 31 December 2023
At 31 December 2022
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade debtors
10,640
8,639
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade creditors
Accruals and deferred income
Accrued expenses
11,663
315
2,500
16,774
4,795
14,478
21,569
MOVEMENT IN FUNDS
Net
movement
in funds
Al
31112123
At 111123
Un restrlcled funds
General fund
27,320
4,726
32,046
TOTAL FUNDS
27,320
4,726
32,046
Nel movement in funds, included in Ihe above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unre$trlcted funds
General fund
139.278
1134,5521
4,726
TOTAL FUNDS
139,278
1134,5521
4,726
Page 11
continued...

North Wales Internatlonal Muslc
Festival Llmlted
Notes to the Flnanclal Statements - contln ued
for the year ended 31 De¢ember 2023
MOVEMENT IN FUNDS- contlnued
Comparatlves for movement In funds
Net
movement
in funds
At
31112122
At 111122
Unrestrlcted funds
General flind
28,619
11,2991
27,320
TOTAL FUNDS
28.619
11,2991
27,320
Comparative net movement in funds, included in the above are 8$ follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
152,957
{154,2561
11.2991
TOTAL FUNDS
152.957
1154,2561
{1,299}
A currenl yeai 12 monlhs and prior year 12 months combined position is as follows..
Net
movement
in funds
At
31112123
Al 111122
Un restrlcled lunds
General fund
28,619
3,427
32,046
TOTAL FUNDS
28,619
3,427
32,046
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows..
Inc017)ing
resources
Resource5
expended
Movement
in funds
Unrestrlcted funds
General flind
292,235
1288,8081
3.427
TOTAL FUNDS
292,235
1288,8081
3,427
Page 12
continued...

North Wales Internatlonal M uslc
Festlval Llmlted
Notes to the Flnanclal Statements contlnued
for the year ended 31 December 2023
12.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
13.
COMPANY LEGAL STATUS
The company is limiled by guarantee. Each Trustee guarantees £1 each.
Page13

North Wales Internatlonal Muslc
Festlval Llmlted
Detalled Statement ol Flnanclal Actlvltles
for the year ended 31 December 2023
2023
2022
INCOME AND ENDOWMENTS
Donatlons and legacles
Donations and sponsorships
Grants
26,595
78,999
43,662
81,798
105,594
125,460
other tradlng actlvltles
Box office receipts
Programme and records sales
Friends subscriptions
Bar Incoire
Raffle
Refreshments
Merchandise
27,723
926
971
1.157
1,899
823
22,317
1,020
975
820
1,352
685
284
33,499
27,453
Investment Income
Deposit account interest
185
44
Total Incomlno resources
139.278
152.957
EXPENDITURE
other tradlng actlvltles
Artists fees
Artistic directors. lees
Staoino and instrument hirel tuningl scores
Ocan and Chaplor of St Asaph Cathedral
Performing rights
Event expenses
Bar and refreshment expenses
Education project costs
Film and editing costs
54,773
14,989
7.955
5,720
436
5,849
563
6,777
69,384
15,080
10,630
5,860
1,260
10,000
478
1,805
1.200
97,062
115,697
Support GQ5tS
Management
Adminislralors wages and expenses
Insiirance
Postage and slalionery
Advertising and marketing
staff travel
Festival admin support
Bank interest and charges
27,005
961
140
8.698
259
185
202
24,752
955
253
7,332
316
210
37,450
33,818
Governance costs
Ac¢ounlancy and legal fees
40
4,741
Total resources expended
134.552
154,256
Net Incomellexpendltu rel
4,726
11,2991
This page does not form part of the statutory financial statements
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