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2022-03-31-accounts

Trustees Mr Christopher Warren-Green (Chair)
Mrs Lisia Bassett
Mrs Ruth Jenkins
Mr Nicholas Lawson
Mr Humphrey Norrington
Mr Russell O' Brien
Mr Marcus Price
Secretary Neil O' Grady
Charity number 1000825
Company number 02552026
Registered office 61 Westminster Bridge Road
London
SE17HT
Independent Examiner Joel Courts
HW Fisher LLP
Acre House
11-15William Road
London
NW1 3ER
United Kingdom
Bankers CAF Bank
25 Kings Hill Avenue
West Mailing
Kent
ME194JQ
United Kingdom

Page
Chair's Report
Trustees' Report 2 —4
Statement ofTrustees' responsibilities
Independent
Examiner's		 Report
Statement ofFinancial Activities 7 —8
Balance Sheet
Statement ofCashflows 10
Notes to the financial statements 11-18

A&B Sainsburys Jack Petchey Foundation Jack Petchey Foundation
Albert and Eugene Frost Music Trust London Community (Cockayne) Foundation
Barbara Whatmore Charitable Trust Louis Watt Memorial Trust
Binks Trust Mageni Trust
City ofLondon Corporation Schroder Charitable Trust
D'Oyly Carte Charitable Trust

IJnrestricted IJnrestricted Total Total
funds funds 2022 2021
general designated
Notes
Donations and legacies 3a 94,303 94,303 97,004
Investments 3b 504 504 528
Other 3c 907 907 11,974
Total 95,714 95,714 109,506
~EELY
Raising funds 4a 18,000 4,812 22,812 27,008
Charitable activities 4b 11,190 106,057 117,247 101,436
Total 29,190 110,869 140,059 128,444
Net (losses)/gains on investments 7 (700) (700) 434
Net income/(expenditure) 65,824 (110,869) (45,045) (18,504)
Transfers between funds 12 ~62,688 65,688
Net movement in funds 136 (45,181) (45,045) (18,504)
Total funds brought forward 48,204 373,486 421,690 440,194
Total funds carried forward 48,340 328,305 376,645 421,690

Unrestricted Unrestricted Total Total
funds funds 2021 2020
general designated
Notes
Donations and legacies 3a 97,004 97,004 180,566
Investments 3b 528 528 869
Other 3c 11,974 11,974 17,355
Total 109,506 109,506 198,790
~Edi
Raising funds 4a 18,008 9,000 27,008 32,198
Charitable activities 4b 10,397 91,039 101,436 147,972
Total 28,405 100,039 128,444 180,170
Net gains/(losses) on investments 7 434 434 (327)
Net income/(expenditure) 81,535 (100,039) (18,504) 18,293
Transfers between funds 12 (78,716) 78,716
Net movement in funds 2,819 (21,323) (18,504) 18,293
Total funds brought forward 45,385 394,809 440,194 421,901
Total funds carried forward 48,204 373,486 421,690 440,194

Notes 2022 2021
rdsed assets
Tangible
arsetv		 21,675 27,921
Inie imenis 9276 9,976
30,951 37,897
Current
assam
Debtors 2,623 12,453
Cash at bank snd in hand 430,853 435,800
433,476 448,253
Creditors:
amounts		 falling due ivlthln one year (87,782) (64,460)
I%etcurrent
russets		 345,694 383,793
Total assets lem nnvent liabilities 376,645 421,690
The funds ofthe charity
Gestkutated
funds		 12 328 305 373,486
Gmieral unrestricted t'unde 48,34ID 482()4
376,645 421,690

Notes 2022 2021
g
Cash flows from operating activities
Net cash (used in) operating activities 14 (5,451) (54,598)
Cash flows from investing activities
Purchase oftangible fixed assets (779)
Interest from investments 504 528
Net cash provided
by/(used		 in) investing activities 504 (251)
Change in cash and cash equivalents in the reporting period (4,947) (54,849)
Cash and cash equivalents at the beginning ofthe reporting period 435,800 490,649
Cash and cash equivalents at the end of the reporting period 430,853 435,800

3 Income and endowments Income and endowments
Unrestricted Unrestricted Total
funds funds 2022
general designated
Income for the year ended 31March 2022
a)
Donations		 and legacies
Donations 66,003 66,003
Grants 28,000 28,000
Legacies 300 300
94,303 94,303
b)
Investments
Interest receivable 504 504
c)
Other
Friends ofCYM 896 896
Reimbursement from CYM
Other income
907 907
Total income for the year ended 31March 2022 95,714 95,714
2021
Income for the year ended 31March 2021
a)
Donations		 and legacies
Donations 69,004 69,004
Grants 28,000 28,000
Legacies
97,004 97,004
b)
Investments
Interest received 528 528
c)
Other
Friends ofCYM 2,974 2,974
Reimbursement from CYM 9,000 9,000
11,974 11,974
Total income for the year ended 31March 2021 109,506 109,506

4 Expenditure Unrestricted Unrestricted Total
funds funds 2022
general designated
Expenditure for the year ended 31March 2022
a)
Raising		 funds
Fundraising costs 18,000 4,812 22,812
b)
Charitable
activities
Depreciation 6,246 6,246
Centre for Young Musicians 88,140 88,140
Independent examination fees 3,685 3,685
Supportcosts 7,505 11,671 19,176
11,190 106,057 117,247
Total expenditure for the year ended 31March 2022 29,190 110&869 140,059
Expenditure for the year ended 31March 2021 2021
a)
Raising		 funds
Fundraising costs 18,008 9,000 27,008
b)
Charitable
activities
Depreciation 6,660 6,660
Centre for Young Musicians 45 77,310 77,355
Independent examination fees 3,590 3,590
Supportcosts 6,762 7,069 13,831
10,397 91,039 101,436
Total expenditure for the year ended 31March 2021 28,405 100,039 128,444

Tangible fixed assets
Books, musical Musical Fixtures and Motor vehicles Total
scores ond instruments fittings
orchestral parts
Cost
At 1 April 2021 14,701 689,148 4,740 10,250 718,839
Additions
Disposals
At 31March 2022 14,701 689,148 4,740 10,Z50 718,839
Depreciation
and impairment
At 1 April 2021 13,968 663,003 4,722 9,225 690,918
Depreciation
charged in the year		 78 5,125 18 1,025 6,246
At 31March 2022 14,046 668,128 4,740 10,250 697,164
Carrying
amount
At 31March 2022 655 21,020 21,675
At 31March 2021 733 26,145 18 1,025 27,921
Fixed asset investments
Unlisted
investments
Cost or valuation
At 31 March 2021 9,976
Valuation
changes		 (700)
At 31March 2022 9,276
Carrying
amount
At 31March 2022 9,276
At 31March 2021 9,976

Debtors
2022 2021
Amounts falling due within one year:
Accounts receivable 8,250
Prepayments and accrued income 1,658 2,773
Other debtors 965 1,430
2,623 12,453

Creditor s: amounts falling due within one year
2022 2021
Accruals and deferred income 87,782 64,460
87,782 64,460

by the Truste es for specific purposes:
Movement
in funds
Balance at Incoming Expenditure Transfers Balance at
1April 2021 resources 31March 2022
Centre for Young Musicians 127,406 (69,846) 39,385 96,945
John Lyons Charity 303 (303)
Peter Croser 100,000 100,000
London Schools Symphony Orchestra 107,941 (34,777) 26,606 99,770
Hammersmith and Fulham students 9,915 9,915
Fixed asset fund 27,921 (6,246) 21,675
373,486 (110,869) 65,688 328,305
Movement
in funds
Balance at Incoming Expenditure Transfers Balance at
1April 2020 resources 31March 2021
Centre for Young Musicians 146,308 (76,546) 57,644 127,406
John Lyons Charity 303 303
Peter Croser 100,000 100,000
London Schools Symphony Orchestra 104,481 (16,833) 20,293 107,941
Hammersmith and Fulham students 9,915 9,915
Fixed asset fund 33,802 (6,660) 779 27,921
394&809 (100,039) 78,716 373,486

he Fixed Asset fund matches the value ofFix
Analysis ofnet assets between
funds		 ed As sets and is fu nded by a transfer from CYM.
Unrestricted funds Designated funds Total
Fund balances at 31March 2022 are represented by:
Tangible assets 21,675 21,675
Investments 9,276 9,276
Current assets 48,340 297,354 345,694
48,340 328,305 376,645
Unrestricted funds Designated funds Total
Fund balances at 31 March 2021 are represented by:
Tangible assets 27,921 27,921
Investments 9,976 9,976
Current assets 48,204 335,589 383,793
48,204 373,486 421,690

Cash generated
from operations		 2022 2021
Net (expenditure)
for the reporting		 period as per the statement offinancial activities (45,045) (18,504)
Adjustments
for.
Depreciation
charges		 6,246 6,660
Losses/(Gains)
on investment		 700 (434)
Interest &om investments (504) (528)
Decrease/(Increase)
in debtors		 9,830 (3,307)
Increase/(Decrease)
in creditors		 23,322 (38,485)
Net cash (used in) operating
activities		 (5,451) (54,598)