##
##
|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)|
##