COMPANY REGISTRATION NUMBER: 02034446 CHARrrY REGISTrATION NUMBER: 617957 Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 PRITCHARD & CO Chartered accountsnts Ffynnonddofn 74 High Street Fishguard Pembrokeshire SA65 gAU
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limitsd by Guarantse Financial Statsments Year ended 31 March 2024 Page Trustees, annual port (incorporating the directoffs report) Independent examinerfs report to the trUStS Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial ststements The following pages do not forni part of the financial ststements Detsiled statement of financial activities 17 Notes to the detailed statement of financial activities 18
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Fishguard Festrval of Music Gwyl Cerdd Abergwaun Ltd Charlty registralk)n number 517957 Company registration number 02034446 Princlpal office and reglstered J D Jones & Co office 71 High Street Fishguard Pembrokeshire SA65 9AW WaS The trustees Mrs B P Jones Mr G Peters Dr S Foman Mrs E Morris Mr O P Imlliarns Mr D K Bartlett Independent examiner Stephen Davies FCCA 16 Main Street Fishguard Pembrokeshire SA65 9HJ Structurei governance and management Fishguard Intemational Music Festival Limited was incorporated on 4 Juty 1986 under the Companies Act 1985 as a private company limrted by guarantee. It was also registered as a charity on 6 October 1986 with the Charity Commission for England and Wales. The Festival adopte(I new Artides of Assouation for a Charitable Company, being the Charity Commissioners, Standard Forn (August 2010) for a company not having a share capital, on 28 June 2011. Under Article 6, Option 2 was adopted in relation to Directoffs Benefits. At the AGM on 13 October 2023, at the Yacht Club, Lower Town. Fishguard: _ Glen Peters was re-elected as Trustee,. Dr Sara Foreman was wlected as Trustee.
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantse Trustses, Annual Report (Incorporating the Directorfs Report) (contlnu• Year ended 31 March 2024 Structure, gov•mane• and management (eonfknued) The Trustees VlCome new trustees willing to 2SSiSt with the leadership and govemance of the FestNal Company. New trustees re1ve training and guidance in their roles and SponSIbl11t1es. Organisational Structure The Company is managed by the Trustees who report to the Company members annually. The Trustees are assisted by Associates and Volunteers. Leading post-holders this year were: Chairperson Deputy Hon Treasurer Artistic Director Festival Manager Elizabeth Morris none Bronwen Picton Jones Gillian Green MBE Mr Michael Malloy Risk Managomont The trustees have a duty to identrfy and review the risks to which the charity is exposed and to ensure appropriate controls are in Pla to provide reasonable assurance against fraud and error. Considerations during the year were supported ty budgets and by action on any over-spend in the comparatives. All of our activities are exposed to operatTronal risks too numerous to mention. Any number of things can go wrong.. illness. travel disruption. technical dtfficults'es, last-minute changes, and so on. iwe manage all of them by being vigilant, by continually monitoring progress at all stages and by responding promptly to any adverse events. Objectlves and activities Objectives and Aims The Objects of the Chaiity a as stated in Artide 4 of the new Artbcles of Ass(Kiats"on and, as before, are to promote the education and knowledge of the Arts generdlly in Wales arKI to have the powers to promote a wid&ranging Festival within this contexL The Charity primarily meets its objectives by holding an annual music Festival mainly in the Fishguard and Goodwick area as well as across north Pembrokeshire in late-AugusVeady September. Additional events may be arranged in the Spring and Autumn. depending on budgetary constraints, artists availabk and other local events. The objective continues to be to achieve the highest possible standards of excellence achievable in the live music and arts presented within available financial reSoUrs. This artistic objective continues to be supported by new and revised policies: 1. Artistic Policy., 2. Child Protection. 3. Equal Opportunities,. 4. Bilingualism", 5. Environment,. 6. Health & Safety., 7. Trustees" 8. Sponsorship and g. Volunteers - Complimentary fKkets. Achievemgnts and p•rfomianc• Charftable Activities This Report covers the penod from 1st April 2023 to 31 st March 2024. It is the 37th Annual Report for the Charity and covers its 54th Festival. The festival was designed with stake holders and artists some of whom are new to the Festival and others who have visited in prewous years. The emphasis is always on making high quality perfomances accessible to residents and visitors to the beautiful part of West Wales and to give perf0mnCe opportunities to young people.
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Trustses, Annual Report (Incorporating the Directorfs Report) (conunuodj Year onded 31 March 2024 Achlevements and perfomiance (conllnuedj We were delighted that the National Youth Orchestra of Wales was able to retum to the Festival for 'Fests"val Launch, concert at St Davids Cathedral early in August under the baton of Carfo Rizzi. The association with Nab'onal Youth Arts Wales is much valued as we also welcomed back the National Youth Choir of Vdales during fesb'val time later in the rrK)nth. Partnerships a an intrinsic and wonderful part of the Festival Shown by our close relationship wth WNO with performances by the full orchestra and the chamber ensemble. Our three-way partnership between Fishguard Festival of Music, Newport Music Society and Young Music Makers of Dyfed continued in the year with the Royal Vvelsh College of Music and Drama also bringing a concert fcSIng on the music of David Harries. The postgraduate students of the latter stepped in to be the musicians for our very popular Saints and Stones tour, where our local historian Richard Davies gives insight into the historic background and signfficance of each church or chapel on the tour. The Welsh pianist Iwan Lleweltyn-Jones presented a programme inspired by seascapes drawn from the French repertoire and explored Welsh art songs with Marits'ff themes which he had transcribed for solo piano. The Chamber music conrtS include performances by the intemationalty acclaimed Dudok Quartet Amsterdam. The Enigma Duo (which induded a perfomiance by Katherine Thomas on her triple harp made by the late John Thomas of Pembrokeshire). Monteverdi and his contemporaries were featured in the pr(yJramme of The Gonzaga Band led by Welsh musician Dr Jamie Savan. A voice recital by Claire Booth and Nicki spen performed at the beautiful cOnrt hall of Rhos Y Gilwen was greatly received. The festival are very grateful to the owners of Rhos Y Gilwen as the rental of the Neuadd is induded in the inthind support as is mst of the accommodation for participating artists who are hosted in the homes of our Patrons, Friends and volunteers. This generosity cannot be overstated and is an important part of maknng our festNal possible. Also of vital importance are the perfomiances for children in schools offered free of charge and our free outdoor events. The schools perft)mances in 2023 were gpien by Amanda Whiting (harpist) who also appeared with her jazz trio in an evening concert in Theatr Gwaun. The outdoor performances We given by Kosmos Ensemble - all intemab'onal soloists in their own right and the ensemble has gathered accolades from all over the world. A specBJ cOnrt perfDmRd by them took place the evening before the community concerts. Also of vital importance are the perfomkgnces for chIldn in schools offered free of charge and our free outdoor events. The schools perfomances in 2023 were given by Amanda Whrting {harpist) who also appeared with her jazz trio in an evening cOnrt in Theatr Gwaun. The outdoor performances were given by Kosmos Ensemble - all intemational soloists in their own right and the ensemble has gathered accolades from all over the world. A special concert p8rft)rm8d by them took place the evening before the community concerts. Pedair - four female singers and instrumentslists retumed following the great success of their sell-our performance in the previous year and along the same theme artist Christine Kinsey introduced four female artists featured in her book 'Hon' during an intimate rnIng session at Twr Y Felin. The Senedd Member Paul Davies agreed to host a launth at the Senedd which took place on V*lednesday 7th June. This was a 'firsf which served to raise awareness of the FestÉval that is so dear to people in the area who work hard all year round to make the event possible. We are extremely grateful to the Arts Council of Wales, Ty Cerdd and all of our sponsors, donors, friends and patrons without whom this Festival would not be able to bring world dass music to West Wales.
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantse Trustees. Annual Report (Incorporating the Directorfs Report) (witinu Year ended 31 March 2024 Achievements and perfornmnce (continwd) Planning and monitoring The Trustees and Artistic Director decided to hold the festtval at the later ts.me of Augusvseptember in order to avoid clashes with the Royal Welsh and to assist the tourist industy in attracb'ng vis5tors to the area. There was also Conrn that due to Covid and the previous years poor audience figures and money owed to the VVNO that we should look very t2fullY at our budgets and minimise our spending. Managem•nt The management committee consulted closely with each other sOmetinS over zoom but mostly in person as to funding and organisational matters and worked closely with the Festival Manager and Artistic Director with regard to budgets and time scale of the festtval. The chair of the committee changed on 7th December 2023 from Elvzabeth MolS to Keith BartletL The wo114>eing of future generations The trustees have looked at this agenda and are formulating a poliw to reflect the current situation. Flnanclal review Gen•rnl On 1st April 2023, the bank balance opened at £8,492-18 with £95549 in the Premium account for reserves. The bank dosed with £6,559-06 in the current aGGount and the Reserves Account held £966-98. ' Opening Creditors.. Accountancy Provision ' Opening Debtors.. None Closing Creditors: £10,872 ' Closing Debtors: £5,000 ACW . Friends and Patrons of the Festival at 31 st March 2024: £3.240 Other individual donations.. £3,730 Fund Raising Activities.. £441 . Grants: ACW £50,000, Ty Cerdd £515.75 . Expenses: main costs remain: Artists Fees £45,065.. Festival Management £10,000: Venue hire of £7,778.. Advertising and Promotional £5,664. Reserves Pollcy The Trustees manage Festival reserves in four main elements: - a contingency added to planned and budgeted expenditure" basing ticketing income on accurate records of similar previous events at planned venues and applying a conservative margin" - allocation and use of any surplus of any fethal-generated income at the end of each festiv81,' taking appropriate decisions throughout in order to maintain balanced budgets and a sustainable future for the festiva5 which are agreed, minuted and reviewed at Trustee meetings. On 31 st March 2024, the Business Reserve Account baknce was £966-98. This reserve account has been severely depleted due to the loss experienced for the festtval held in August to September 2022. These losses are the result mainly of reduced ticket sales due to lack of audience numbers and to date the festival has not been able to increase the resefve levels.
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limitsd by Guarantse Trustses. Annual Report (Incorporating the Dlrectorfs Report) (conrfnu¢d) Yaar anded 31 March 2024 Small company provlsions This report has been prepared in accordan with the provisions applicable to companios entitled to the small companies exemption. The trustees, annual report was approved on 25 October 2024 and signed on behalf of the board of trustees by.. Mr D K Bartlett Trustee
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Independent Examinerf8 Report to the Trustees of Fishguard Festival of Music Gvryl Cerdd Abergwaun Ltd Year ended 31 March 2024 I report to the trustees on my examinab'on of the financial statements of Fishguard Festival of Music Gwyl Cerdd AbevJwaun Ltd (Ihe Gharity.) for the year ended 31 March 2024. Responsibilltles and basis of report As the trustees of the company (and also ts directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordan yth the requirements of the Companies Act 2006 ('the 20( Acr). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under sects'on 145 of the Charrties Act 2011 {'the 2011 Acy). In carrying out my examinats'on I have followed the Directions gNen by the Charity Commission under section 145(5){b) of the 2011 ACL Independent examinerfs statsment I have completed my examination. I confinn 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 chanty as required by section 386 of the 2006 ACL or the financial statements do not accord with those records: or the financial statements do not comply wth the accounb'ng requirements of section 396 of the 2006 Act other than any requirament that the accounts gNe a 'true and view which is not a matter considered as part of an independent examination: or the financial ststements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicabEe to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drdwn in this port in order to enable a proper understanding of the accounts to be reached. Stephen Davies FCCA Independent Examiner 16 Main Street Fishguard Pembrokeshire SA65 9HJ
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Statsment of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 2023 Unrestricted funds Totsl funds Totsl funds Income and endowments Donations and legacies Charitable activities Other trading activits'es Investrnent income 60,891 31,774 441 60,891 31,774 441 75,202 27,811 455 Total income 93.112 93,112 103,478 Expendlture Expenditure on charitsble activities Total expenditure 9,10 92,161 92.161 124,970 92.161 92,161 124,970 Net incomel(expenditure> and net movement in funds 951 951 (21,494) Reconciliation of funds Total funds brought forward Total funds carried fonmard (551) 400 (551) 400 20,943 (551) The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conb'nuing activities. The notes on pages 9 to 15 forni part crf these financial gtatsments.
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantae Statsment of Financial Position 31 March 2024 2024 2023 Current a888ts Debtors Cash at bank and in hand 15 5,000 7,565 179 9,447 12,565 9,626 Creditors: amounts falling due within one year Net current assets 16 12,165 400 10,177 (551) (551) (551) Total assets less current liabililies 41)0 Net assets 400 Fund8 of the charity Unrestricted funds 400 (551) (551) Total charlty funds 19 400 For the year ending 31 March 2024 the charity was entiued to exemption from audit under section 477 of the Companies Act 2006 relating to srnall cofflpanies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476" The directors acknowledge their responsibilities for comptying with the requirements of the Act with Pect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. These financial statements were approved by the board of trustees and authorised for issue on 25 October 2024, and are signed on behalf of the board by: Mrs B P Jones Trustee The notes on pages 9 to 15 forn) part of thtse financial statements.
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantse Notes to the Financial Statements Year ended 31 March 2024 General inforniation The charity is a public benefft entty and a private company limrted by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is J D Jones & Co, 71 Huh strt, Fishguard, Pembrokeshire, SA65 9AW, Wales. Statement of compliance These financial statements have been prepared in Complian with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modrfied by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are pPared in sterling, which is the functional currency of the entity. Going concern There are no material UnrtaIntieS about the tharty's abilty to continue. Judgements and key sources of ostlmation une•rtainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continualty reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to fvrther any of the charity's purposes. Designated funds are unrestricted funds e8m)arked by the trustees for particular future project or commitment Restricted funds are subjected to reStrlOnS on their expenditure dectared by the donor or through the tern of an appeal and fall into one of two sul>dasses.' restncted income funds or endowment funds.
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Notes to the Financial Statements (conthuedj Year ended 31 March 2024 Accounting policies (contlnu•d) Incoming ré8ourca8 All income is included in the statement of financial acttvities when entitlement has passed to the charity, li is probable that the economic beneffts associated with the transaction will flow to the charity and the amount can be reliably measured. The followng speafic policies are applied to particular categories of income: - income from donations or grants is recognised when there is evbdence of entitlement to the gift. rlpt is probable and its arrK)unt can be measured reliabty. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activrties to which it relates.. expenditure on raising funds includes the costs of all fundraising activibes, events, non-charitsble trading activibes, and the sale of donated goods. expenditure on charitable activities indudes all costs incurred by a charity in undertaking activities that fvrther ts charitable aims for the benefit of its beneficiaries, induding those support costs and costs relating to the governance of the charity apportioned to charitsble activities. other expenditure includes all expenditure that is neither related to rdising funds for the charity nor part of its expenditure ¢)n charitable activities. All costs are alk)cated to expenditure categories reflecting the use of the resource. Dit costs attributsble to a single activty are allocated directly to that activity. Shared costs are apportioned between the ath'vities they contributs to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cos( and subsequenty stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreCIan and subsequent accumulated impainr£nt k>sses. An increase in the carying amount of an asset as a result of a revaluation, is recognised in other re¢ognised gains and losses, unless it reverses a charge for impainnent that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluaknon, is recognised in other recognised gains and losses, except to which rt offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activiti'es. 10
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantse Notes to tho Financial Statements f¢onfynwdJ Year ended 31 March 2024 Accounting pollcies (conllnued) Dopreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value. over the useful economic lrfe of that asset as follows: Equipment 33% straight line Impairnient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated Whe such indicators exist wVhe the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date. Government grants Govemment grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assuran that the charity will comply with the conditions attaching to them and the grants will be recetved. Where the grant does not impose spectfied future perfonnance-related conditions on the cipient, it is recognised in income when the grant proceeds are reVed or receivable. Mthere the grant does impose specified future perfomiance-related conditions on the recipient, it is recognised in income only when the performance-1ated conditions have been met. Where grants received are prior to satisfying the revenue recognib'on cnteria, they are recognised as a liability. Financial instruments A financial asset or a financial liabilty is recognised onty when the entity becomes a party to the contractual provisions of the instrurrEnt. Basic financial instruments are initi'ally recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payffEnts discounted at a market rate of interest for a similar debt instrument. Current assets and current Itabilities are subsequently measured at the cash or other consideration expected to be paid or receNed and not discounted. Limited by guarantse The company is a private company limtted by guarantee and consequently does not have a share capital. The liability of MemtrS in the event of liquidation is limited to £10 per member. 11
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢MMknu Year ended 31 March 2024 Donations and legacffies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Gifts and donations Donations and legacies Friends of the Feskn'val 618 3,730 3.240 618 3.730 3.240 15,197 5,802 3,003 15,197 5,802 3.003 Grants Grants 53,303 60.891 53.303 51.200 51,200 60.891 75,202 75,202 Charitable actlvltles Unrestricted Total Funds UntriCted Total Funds Funds 2024 Funds 2023 Admissions and programme sales 31.774 31,774 27.811 27,811 Other trnding activltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising events 441 441 455 455 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest Expenditure on charitable activities by fund type Unrestn'cted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fishguard Intemational Music Festival 92.161 92,161 124,970 124.970 12
Fishguard Festival of Music Gwyl Cerdd Aberywaun Ltd Company Limited by Guarantee Notes to the Financial Statements {mrnU Year ended 31 March 2024 10. Expenditure on charitable activities by activity type Activities undertaken Totsl funds directy 2024 Total fund 2023 Fishguard Intemational Music Festival 92.161 92,161 124,970 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for. Independent examination of the financial statements 365 12. Staff costs The company has no employees as all the management and administratNe functs.ons are carried out by the trustees. The average head count of employees during the year was Nil (2023: Nil). No employee received employee beneffts of rnre than £60.000 during the year (2023: Nil). 13. Trustee remuneration and •xp•nses The trustees receNed no remuneration for the year ended 31 March 2024. No expenses were paid to trustees in respect of the year ended 31 March 2024. 14. Tanglble fixed assets Equipment Cost At 1 Aprfl 2023 and 31 March 2024 Depreciation At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 2,639 2,639 At 31 March 2023 13
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 15. Debtors 2024 2023 Trade debtors Other debtors 5,000 179 5.000 179 16. Creditorn: amounts falllng due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes 10,872 1,115 178 8,725 1,452 12,165 10,177 17. Deferred Incomo 2024 2023 Amount deferred in year 750 1.087 18. Government grants The amunts reCognd in the financial statements for govemment grants are as follows: 2024 2023 Recognised in creditors.. Deferred government grants due within one year 750 1,087 19. Analysis of charitable funds Unrestricted funds At 31 March 2024 At 1 April 2023 Income Expenditure General funds (551) 93.112 (92,161) 400 At 31 March 2023 At 1 April 2022 Income Expenditure General funds 20,943 103,476 (124,970) (551) 14
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limitsd by Guarantee Notes to the Financial Statements (Mntinuedj Year ended 31 March 2024 20. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 12,565 (12,165) 400 12,565 (12,165) 400 Unrestricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 9,627 {10,178) {551) 9,627 (10,178) (551) 15
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not forni part of the financial statnents. 16
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowmants Donations and legacies Gifts and donations Donations and legacies Friends of the Festival Grants 618 3.730 3.240 53,303 15,197 5,802 3,003 51,200 60,891 75,202 Charltable actlvlties Admissions and programme sales 31,774 27,811 Other trading actfvltles Fundraising events 441 455 Investment income Bank interest Total income 93,112 103,476 Expenditure Expenditure on charitable activities Artists fees Venue hire Artistic directorfs fees Insurance Hospitality Instruments and music Advertising Administration expenses Accountancy Sundries Postage and stationery 45,065 7,778 5.000 979 4,154 5,539 9.085 12.017 68.453 6,552 5,000 1,112 6.277 8,290 14.347 12,515 365 904 1,155 2,180 92,161 124,970 Total 8xpendlture 92,161 124,970 Nat Incomel(expenditure) 951 (21,494) 17
Fishguard Festival of Music Gwyl Cerdd Abergwaun Ltd Company Limited by Guarantee Notss to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expendlture on charftable activltiès Fishguard International Music Festival Activities undertaken directly Artists Venue hire Artistic directorfs fees 45,065 7,778 5,000 68,453 6,552 5,000 F ij Insurance Hospitality Instruments and music Advertising Administration expenses Accountancy Sundries Postage and stationery 979 4,154 5,539 9,085 12,017 1,112 6.277 8,290 14,347 12,515 365 904 1,155 2,180 92,161 124,970 Expendfture on charitable activitles 92,161 124.970 18