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PRESTEIGNE FESTIVAL OF MUSIC AND THE ARTS LIMITED

Registered charity 1039968 · accounts filings on the Charity Commission register · also known as MUSIC FESTIVALS LIMITED, THE PRESTEIGNE FESTIVAL

Runs an annual music festival in Presteigne featuring works of living composers

Causes: Arts/culture/heritage/science · website · Get email alerts

Latest income
£248k
Latest spending
£220k
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net incoming resource of £28,024 for the year ended 31 December 2024, with total unrestricted funds increasing to £10,603. The trustees aim to maintain general reserves at a minimum level of three months' management and administrative fees and 5% of one festival's direct costs, though the specific unrestricted reserves figure is not explicitly compared against this target in the text.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months' management and administrative fees and 5% of one festival's direct costs (held: £11k)
“As good practice, recommended by the Charity Commission, the directors have decided to aim to maintain general reserves at a minimum level of three months' management and administrative fees and 5% of one festival's direct costs.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: One Director received remuneration of £18,417. Payments totaling £2,500 were made to Director Mr George Vass for services within Artist's Fees. Expense reimbursements of £874 were paid to two Directors.
“Only one Director was remunerated during the year, this amounting to £18,417 (2023: £17,341). Within Artist's Fees of £47,325 (2023: £36,470) are payments to one Director, Mr George Vass, totalling £2,500 (2023: £2,000) and a payment to The Nova Music Trust of £400 (2023: £100) for services performed at the Festival. Within Production and Venue Costs of £38,650 (2023: £44,397) are expense reimbursements totalling £874 (2023: £1,157) paid to two Directors (2023: one Director).” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Director for services
“Within Artist's Fees of £47,325 (2023: £36,470) are payments to one Director, Mr George Vass, totalling £2,500 (2023: £2,000) and a payment to The Nova Music Trust of £400 (2023: £100) for services performed at the Festival.” — page 13
“Within Production and Venue Costs of £38,650 (2023: £44,397) are expense reimbursements totalling £874 (2023: £1,157) paid to two Directors (2023: one Director).” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Expense reimbursements to Directors
“Within Artist's Fees of £47,325 (2023: £36,470) are payments to one Director, Mr George Vass, totalling £2,500 (2023: £2,000) and a payment to The Nova Music Trust of £400 (2023: £100) for services performed at the Festival.” — page 13
“Within Production and Venue Costs of £38,650 (2023: £44,397) are expense reimbursements totalling £874 (2023: £1,157) paid to two Directors (2023: one Director).” — page 13
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Powys

Income and spending

Financial year endIncomeSpending
31/12/2024£248k£220k
31/12/2023£138k£145k
31/12/2022£171k£168k
31/12/2021£158k£149k
31/12/2020£102k£113k

Common questions

Is PRESTEIGNE FESTIVAL OF MUSIC AND THE ARTS LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net incoming resource of £28,024 for the year ended 31 December 2024, with total unrestricted funds increasing to £10,603. The trustees aim to maintain general reserves at a minimum level of three months' management and administrative fees and 5% of one festival's direct costs, though the specific unrestricted reserves figure is not explicitly compared against this target in the text. Its FY2024 accounts were independently examined.

Who funds PRESTEIGNE FESTIVAL OF MUSIC AND THE ARTS LIMITED?

Funders whose own accounts filings name PRESTEIGNE FESTIVAL OF MUSIC AND THE ARTS LIMITED as a grant recipient include THE ELMLEY FOUNDATION, COLWINSTON CHARITABLE TRUST, VAUGHAN WILLIAMS FOUNDATION, THE SCOPS ARTS TRUST, THE JOHN S COHEN FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE ELMLEY FOUNDATIONFY2025£31k
THE ELMLEY FOUNDATIONFY2022£27k
COLWINSTON CHARITABLE TRUSTFY2023£15kA grant of £15,000 was offered to assist with commission fee and music preparation costs for Adrian William's new work, The Hours, with words by Gillian Clarke.
VAUGHAN WILLIAMS FOUNDATIONFY2024£10kMusic Festivals
COLWINSTON CHARITABLE TRUSTFY2025£10kCommission fee, music preparation and rehearsal costs for Julian Philip’s Melodys of Earth and Sky, and commissions for harp pieces
VAUGHAN WILLIAMS FOUNDATIONFY2023£9kMusic Festivals
THE SCOPS ARTS TRUSTFY2022£8kGrants awarded and paid during the period
THE ELMLEY FOUNDATIONFY2023£8k
THE JOHN S COHEN FOUNDATIONFY2024£8kArts
THE JOHN S COHEN FOUNDATIONFY2023£6kArts
THE JOHN S COHEN FOUNDATIONFY2022£6kArts
THE SCOPS ARTS TRUSTFY2023£5kRegional Arts Festivals
THE LECHE TRUSTFY2025£4kArts
THE ELMLEY FOUNDATIONFY2024£2k
THE OAKDALE TRUSTFY2024£2k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund20/07/2020£6kCOVID-19 - Writing Included