IRIS Accounts Production v25.1.4.42 Other Company accounts True false Pounds 1.1.24 31.12.24 31.12.24 FY D Bell C Allanson-Bailey T Osborne S Johnson P Roper A l Woodroffe R Cordy-Simpson R H Wendorf N Isherwood R Lovell W Lacey FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026395072023-12-31026395072024-12-31026395072024-01-012024-12-31026395072022-12-31026395072023-01-012023-12-31026395072023-12-3102639507ns0:CharitableCompanyLimitedByGuarantee2024-01-012024-12-3102639507ns15:PoundSterling2024-01-012024-12-3102639507ns0:Trustee12024-01-012024-12-3102639507ns0:Trustee22024-01-012024-12-3102639507ns0:Trustee32024-01-012024-12-3102639507ns0:Trustee42024-01-012024-12-3102639507ns0:Trustee52024-01-012024-12-3102639507ns0:Trustee62024-01-012024-12-3102639507ns0:Trustee72024-01-012024-12-3102639507ns0:Trustee82024-01-012024-12-3102639507ns0:Trustee92024-01-012024-12-3102639507ns0:Trustee102024-01-012024-12-3102639507ns0:Trustee112024-01-012024-12-3102639507ns11:FRS1022024-01-012024-12-3102639507ns11:IndependentExaminationCharity2024-01-012024-12-3102639507ns11:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102639507ns11:FullAccounts2024-01-012024-12-3102639507ns11:CharitiesSORP2024-01-012024-12-3102639507ns16:EnglandWales2024-01-012024-12-3102639507ns11:RegisteredOffice2024-01-012024-12-3102639507ns11:CompanySecretary12024-01-012024-12-3102639507ns0:TotalUnrestrictedFunds2024-01-012024-12-3102639507ns0:TotalRestrictedIncomeFunds2024-01-012024-12-3102639507ns0:Activity82024-01-012024-12-3102639507ns0:TotalUnrestrictedFundsns0:Activity82024-01-012024-12-3102639507ns0:Activity8ns0:TotalRestrictedIncomeFunds2024-01-012024-12-3102639507ns0:Activity82023-01-012023-12-3102639507ns0:TotalUnrestrictedFunds2023-12-3102639507ns0:TotalRestrictedIncomeFunds2023-12-3102639507ns0:TotalUnrestrictedFunds2024-12-3102639507ns0:TotalRestrictedIncomeFunds2024-12-3102639507ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-12-3102639507ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-12-3102639507ns10:WithinOneYear2024-12-3102639507ns10:WithinOneYear2023-12-310263950722024-01-012024-12-310263950732024-01-012024-12-310263950712024-01-012024-12-310263950712023-01-012023-12-3102639507ns0:TotalUnrestrictedFunds2023-01-012023-12-3102639507ns0:TotalRestrictedIncomeFunds2023-01-012023-12-3102639507ns0:TotalUnrestrictedFundsns0:Activity82023-01-012023-12-3102639507ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-3102639507ns10:ListedExchangeTradedns10:CostValuation2023-12-3102639507ns10:RevaluationsIncreaseDecreaseInInvestmentsns10:ListedExchangeTraded2024-12-3102639507ns10:ListedExchangeTradedns10:CostValuation2024-12-31
REGISTERED COMPANY NUMBER: 02639507 (England and Wales)
REGISTERED CHARITY NUMBER: 1040455










REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BATH MOZARTFEST LIMITED

BATH MOZARTFEST LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Cash Flow Statement 8

Notes to the Cash Flow Statement 9

Notes to the Financial Statements 10 to 16

BATH MOZARTFEST LIMITED (REGISTERED NUMBER: 02639507)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 2019).

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The economic climate continues to be challenging for the Arts sector, with some audiences still not returning to pre-Covid levels and problems exacerbated by rising costs, world-wide turmoil and unsettled financial markets.

In Bath both the Bachfest and Mozartfest have experienced unique problems with venues: with the Abbey where recent major works have resulted in a changed acoustic, and also at the Assembly Rooms - to date the major venue for both festivals - which has reverted to the National Trust (having been managed by the local council for many years) and is now closed for complete refurbishment. This has already impacted Bath Bachfest in 2024 and will mean neither festivals can use this venue in 2025, and potentially 2026 too. Solutions have been found, but these come with limitations, including reduced capacity and thus ticket income, and lack of facilities for hospitality.

To date our audiences remain good, and the national and international tour groups which are of considerable benefit to the festivals have returned to pre-pandemic levels. We are fortunate to have very loyal audiences, many taking Friends membership in order to secure early booking for the best seats, and we are consistently praised for the quality and the breadth of the programming of our festivals which underpins this support. This is largely due to our long-serving Artistic Director, Amelia Freedman, CBE, to whom the festivals owe a considerable debt of gratitude for more than 30 years of continuous service.

Trustees are, however, aware that many regular audience members are retired and living on fixed incomes and have been impacted by volatile financial markets, and are coming to fewer concerts than previously or in some cases are unable to donate as generously. Competition from other local festivals and events is also strong.

Costs have risen across the board: artists fees and expenses, plus expenditure on administration, marketing and PR and production costs, but the small management team continues to work hard to keep these to a minimum.

Fresh audiences and donors are continually sought and with this in mind, as Trustees have retired, the newly formed Nominations Committee has identified, and the Board has appointed, a number of new Trustees who can introduce new, next generation, supporters. A succession plan is now in place for the Artistic Director.

Despite these varied challenges income has held up very well, as has return on investment. The Board would like to thank formally all those who contribute to the success of Bath Bachfest and Bach Mozartfest, from the most generous sponsors to those who buy tickets - to have these results with no public funding is quite an achievement and we are most grateful to everyone who supports our endeavours.

FINANCIAL REVIEW
Principal funding sources
The charity's principal funding sources are from ticket sales, sponsorship and donations.

Reserves policy
The trustees are conscious of the need to ensure the continued viability of the company and with the continued support of their sponsors, they believe that the company has sufficient financial backing to enable it to continue for the foreseeable future. They also consider that the reserves as at 31 December 2024 were at an appropriate level.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, The Memorandum and Articles of Association, and constitutes a limited liability company, limited by guarantee, as defined by the Companies Act 2006.


BATH MOZARTFEST LIMITED (REGISTERED NUMBER: 02639507)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Status of the Trustees
The trustees of the charity are also the directors of the company for the purposes of the relevant charity and company law and in accordance with the Memorandum and Articles of Association.

The Memorandum and Articles of Association, as approved by the Charity Commission, decrees that the Board shall comprise a minimum of two members with no maximum number. All Board members are elected by the existing Board, taking into consideration their professional experience and knowledge of classical music. No formal induction or training is given to new trustees, but they are given an introduction to the work of the Company and provided with the information they need to fulfil their roles which includes information concerning their duty as trustees and an insight into charity law. In addition they are required to sign a letter confirming their support for the objects of the company. Each director/trustee is appointed by the Board to serve for a period of three years after which he/she may seek re-election.

Organisational structure
The day to day administration and other operational Company matters are delegated to a team of specialist professionals supported by members of the Board. Periodic reports are provided to the Board for review and action as required.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board has conducted a review of the major risks to which the charity is exposed and where appropriate has ensured that procedures and systems are in place to mitigate such risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02639507 (England and Wales)

Registered Charity number
1040455

Registered office
4 Queen Street
Bath
BA1 1HE

Trustees
Sir David Bell
C Allanson-Bailey
T Osborne
S Johnson (resigned 15.11.2024)
P Roper
A Woodroffe
Lieutenant General Sir R Cordy-Simpson (resigned 27.3.2025)
Professor R Wendorf
N Isherwood (appointed 22.7.2024)
R Lovell (appointed 16.9.2024)
W Lacey (appointed 27.3.2025)

Company Secretary
C Jones


BATH MOZARTFEST LIMITED (REGISTERED NUMBER: 02639507)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Christopher Horsley FCA
Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

Principal Bankers
HSBC Bank plc,
41 Southgate, Bath, BA1 1TN

Approved by order of the board of trustees on 25 June 2025 and signed on its behalf by:





D Bell - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BATH MOZARTFEST LIMITED

Independent examiner's report to the trustees of Bath Mozartfest Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting 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 (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Christopher Horsley FCA

Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

Date: 25th June, 2025

BATH MOZARTFEST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 177,712 - 177,712 177,527

Charitable activities 4
Classical music festivals 206,100 - 206,100 190,766

Investment income 3 12,770 - 12,770 12,454
Total 396,582 - 396,582 380,747

EXPENDITURE ON
Raising funds 5 20,224 - 20,224 19,812

Charitable activities 6
Classical music festivals 373,987 - 373,987 347,007

Other administration costs 8 17,309 - 17,309 16,589
Total 411,520 - 411,520 383,408

Net gains on investments 18,008 - 18,008 18,353

NET INCOME 3,070 - 3,070 15,692
Transfers between funds 14 10,000 (10,000 ) - -
Net movement in funds 13,070 (10,000 ) 3,070 15,692

RECONCILIATION OF FUNDS
Total funds brought forward 304,490 98,952 403,442 387,750

TOTAL FUNDS CARRIED FORWARD 317,560 88,952 406,512 403,442

BATH MOZARTFEST LIMITED (REGISTERED NUMBER: 02639507)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Investments 11 241,127 88,952 330,079 312,071

CURRENT ASSETS
Debtors 12 41,866 - 41,866 19,186
Cash at bank 59,029 - 59,029 111,114
100,895 - 100,895 130,300

CREDITORS
Amounts falling due within one year 13 (24,462 ) - (24,462 ) (38,929 )

NET CURRENT ASSETS 76,433 - 76,433 91,371

TOTAL ASSETS LESS CURRENT
LIABILITIES

317,560

88,952

406,512

403,442

NET ASSETS 317,560 88,952 406,512 403,442
FUNDS 14
Unrestricted funds 317,560 304,490
Restricted funds 88,952 98,952
TOTAL FUNDS 406,512 403,442

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


BATH MOZARTFEST LIMITED (REGISTERED NUMBER: 02639507)

BALANCE SHEET - continued
31 DECEMBER 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2025 and were signed on its behalf by:





D Bell - Trustee

BATH MOZARTFEST LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (52,085 ) (23,761 )
Net cash used in operating activities (52,085 ) (23,761 )

Cash flows from investing activities
Purchase of fixed asset investments - (27,067 )
Sale of fixed asset investments - 2
Investment management costs - 6
Net cash provided by/(used in) investing activities - (27,059 )

Change in cash and cash equivalents in
the reporting period

(52,085

)

(50,820

)
Cash and cash equivalents at the
beginning of the reporting period

111,114

161,934
Cash and cash equivalents at the end of
the reporting period

59,029

111,114

BATH MOZARTFEST LIMITED

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.24 31.12.23
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

3,070

15,692
Adjustments for:
Gain on investments (18,008 ) (18,353 )
(Increase)/decrease in debtors (22,680 ) 2,309
Decrease in creditors (14,467 ) (23,409 )
Net cash used in operations (52,085 ) (23,761 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank 111,114 (52,085 ) 59,029
111,114 (52,085 ) 59,029
Total 111,114 (52,085 ) 59,029

BATH MOZARTFEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TAXATION
The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

FIXED ASSET INVESTMENTS
Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

2. DONATIONS AND LEGACIES
31.12.24 31.12.23
£    £   
Mozartfest Society and donations 81,427 79,236
Sponsorship and grants 96,285 98,291
177,712 177,527


BATH MOZARTFEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. INVESTMENT INCOME
31.12.24 31.12.23
£    £   
Dividend and interest income 12,770 12,454

4. INCOME FROM CHARITABLE ACTIVITIES
31.12.24 31.12.23
Activity £    £   
Ticket sales Classical music festivals 193,579 178,854
Other festival income Classical music festivals 12,521 11,912
206,100 190,766

5. RAISING FUNDS

RAISING DONATIONS AND LEGACIES
31.12.24 31.12.23
£    £   
Sponsorship and donations 20,224 19,812

6. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
£   
Classical music festivals 373,987

7. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.24 31.12.23
£    £   
Artists' fees and expenses 140,921 138,924
Marketing 53,548 50,731
Public relations and communication 28,162 22,164
Other festival production and performance costs 112,390 97,402
Administration 38,966 37,786
373,987 347,007

8. OTHER ADMINISTRATION COSTS
31.12.24 31.12.23
£    £   
Bank charges 378 386
Finance costs 14,679 14,047
Independent examiner's fees 2,250 2,150
Investment management fees 2 6
17,309 16,589


BATH MOZARTFEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.


10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 176,970 557 177,527

Charitable activities
Classical music festivals 190,766 - 190,766

Investment income 12,454 - 12,454
Total 380,190 557 380,747

EXPENDITURE ON
Raising funds 19,812 - 19,812

Charitable activities
Classical music festivals 347,007 - 347,007

Other administration costs 16,589 - 16,589
Total 383,408 - 383,408

Net gains on investments 18,353 - 18,353

NET INCOME 15,135 557 15,692
Transfers between funds 10,000 (10,000 ) -
Net movement in funds 25,135 (9,443 ) 15,692

RECONCILIATION OF FUNDS
Total funds brought forward 279,355 108,395 387,750

TOTAL FUNDS CARRIED FORWARD 304,490 98,952 403,442


BATH MOZARTFEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 January 2024 312,071
Revaluations 18,008
At 31 December 2024 330,079
NET BOOK VALUE
At 31 December 2024 330,079
At 31 December 2023 312,071

There were no investment assets outside the UK.

Cost or valuation at 31 December 2024 is represented by:

Listed
investments
£   
Valuation in 2021 14,588
Valuation in 2022 (5,534 )
Valuation in 2023 18,353
Valuation in 2024 18,008
Cost 284,664
330,079

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 12,090 396
Other debtors 29,776 18,790
41,866 19,186


BATH MOZARTFEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 9,025 7,370
Other creditors 5,884 8,070
Accruals and deferred income 9,553 23,489
24,462 38,929

14. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.24 in funds funds 31.12.24
£    £    £    £   
Unrestricted funds
General fund 304,490 3,070 10,000 317,560

Restricted funds
Bachfest fund 98,952 - (10,000 ) 88,952

TOTAL FUNDS 403,442 3,070 - 406,512

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 396,582 (411,520 ) 18,008 3,070

TOTAL FUNDS 396,582 (411,520 ) 18,008 3,070


Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.23 in funds funds 31.12.23
£    £    £    £   
Unrestricted funds
General fund 279,355 15,135 10,000 304,490

Restricted funds
Bachfest fund 108,395 557 (10,000 ) 98,952

TOTAL FUNDS 387,750 15,692 - 403,442

BATH MOZARTFEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 380,190 (383,408 ) 18,353 15,135

Restricted funds
Bachfest fund 557 - - 557

TOTAL FUNDS 380,747 (383,408 ) 18,353 15,692

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.1.23 in funds funds 31.12.24
£    £    £    £   
Unrestricted funds
General fund 279,355 18,205 20,000 317,560

Restricted funds
Bachfest fund 108,395 557 (20,000 ) 88,952

TOTAL FUNDS 387,750 18,762 - 406,512

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 776,772 (794,928 ) 36,361 18,205

Restricted funds
Bachfest fund 557 - - 557

TOTAL FUNDS 777,329 (794,928 ) 36,361 18,762


BATH MOZARTFEST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.