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2023-08-31-accounts

Trustees		Edhvard Hickman	Edhvard Hickman
		Roirena Maybury
		lan Bond
		Sandra Vogel
		Emma Trevelyan
		Nicky Morgan
		Sebastian Jones			(Appointed	3 October 2022)
		Manish Solanki			(Appointed	3 October 2022)
		Kingsley Green			(Appointed	3 October 2022)
		Mia Liyanage			(Appointed	3 October 2022)
Secretary		Mr L Meechan
Charity number		1004)22
Company	number	02590621
Registered	office	c/o Merton Abbey		School
		High Path
		London
		SWI92JY
Auditor		WSM Advisors	Limited
		Connect House
		133-137Alevandra		Road
		Wimbledon
		London
		SW197JY

		Page
Chairman's statement		1-2
Trustees' report		3-13
Statement oftrustees'	responsibilities
Independent auditor's	report	15 - 17
Statement oftinancial	activities
Balance sheet		19
Statement ofcash Iiotvs		20
Notes to the financial	statements	21-31

Michael Collins	(Resigned	3 October 2022)
Edward Hickman
Rov,ena Maybury
lan Bond
Stephen Moran	(Resigned	3 October 2022)
Sandra Vogel
Emma Trevelyan
Nicky Morgan
Sebasti an Jones	(Appointed	3 October 2022)
Manish Solanki	(Appointed	3 October 2022)
Kingsley Green	(Appointed	3 October 2022)
Mia Liyanage	(Appointed	3 October 2022)
Elisabeth Wigley	(Resigned	25 May 2023)

				Unrestricted	Restricted	Total	Total
				funds	funds
				2023	2023	2023	2022
			Notes			f
Income froni:
Donations and	legacies		3	9,693		9,693	8,757
Charitable activities			4	1,239,088	226,583	1,465,671	1,264,448
Investments				194		194	10
Total income				1,248,975	226,383	1.475,558	1,273,215
~Ed i
Charitable activities			5	1,475,011		1.475,011	1,248,172
Net (outgoing)/incoming		resources before transfers		(226,036)	226,583	547	25,043
Gross transfers	bettveen	funds		226,583	(226,583)
Net income for the year/
Net movement	in funds			547		547	25,043
Fund balances	at I September 2022			224,254	1,839	226.093	214,649
Fund balances	at 31August 2023			224,801	1,839	226,640	239,692

					2023		2022
				Notes	8
Fixed assets
Tangible assets						28,982		35,406
Current assets
Debtors				10	14,688		5,128
Cash at bank and in	hand				364,391		315,477
					379,079		320,605
Creditors: antounts	falling	due tvithin	one	11
year					181,421		116,319
Net current assets						197,658		204,286
Total assets less current liabilities						226,640		239,692
The funds ofthe charitable		company
Restricted income funds				13		1,839		12,973
Unrestricted funds						224,801		226,719
						226,640		239,692

						2023		2022
					Notes	K
Cash tlows from operating			activities
Cash generated I'rom operations					21		51,954
Investing	activities
Purchase	oftangible tixed	assets				(3,234)		(6,523)
Interest received						194		10
Net cash	used in investing		activities				(3,040)
Net cash	used in tinancing		activities
Net increase in cash and cash equivalents							48,914
Cash and	cash equivalents	at beginning		ot'year			315,477
Cash aml	cash equivalents		at end of	year			364,391

		Sg IO NO	Sg IO NO			00 I'In c C	O a 0n					C'In CD C	CD 0 VI CC			n CD CD	00 n nl
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				CO		00						CO		00		cn
		00		cv 44		CO nl		c				CO CV		CI		cn CO
								C I				CV
		'Og 0 C.a 4l 0 00 00		CO 44 0 N		0Cl c40								0 CD		CO		CV
		44	O
				40 CI N0	Ol	I'In CO						nlnl CO		CV		00 0cn
		0		Cl N0 N	Ol	n			n					n		n		n M
														OI		M
		00		44 CI 44	Ol			C I I M				0I'I M		a cn I		0 M ln C l 00		M
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M															CDN
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M'04C 4l	CI0 ll CI					0					C JD	0 00	0		4l 0 4	C 00	0
4l	C					0 J)	0C				0C	C	0		0	C

				Staff costs	Depreciation	Direct Costs	Allocated	Total	Total
							costs	2023	2022
				2023	2023	2023	2023
						f
Instrumental	tuition			209,978		497,696	28,403	736,077	628,284
Youth music	programme			152,111		282,124	7,101	441,336	346,120
Tours and Concerts				58.360		80,488	7,101	145.949	81,681
Professional	advice and
support				7,213			3,550	10.763	9,780
CPD training				6.706			3,550	10,256	9,288
Project development				65.696		745	7,101	73.542	II2,372
Instrument repair		and hire				3,510	7,101	10,611	7,452
				500,064		864,563	63,907	1,428,534	1,194,977
Share ot'support		costs (see
note 6)				15,487	9,658	1,261	7,101	33,507	39,695
Share ofgovernance costs
(see note 6)						12.970		12,970	13,500
				515.551	9,658	878,794	71,008	1,475,011	1,248,172
Support costs
				Support cost	Other costs	2023	2022
Salaries				14,583		14,583	14,046
Pension costs				904		904	874
Bank charges				1,260		1,260	7.420
Depreciation				9,658		9,658	11,802
Allocated support				7.101		7.101	5,554
Audit and accountanc)			fee		12,970	12,970	13,500
				33.506	12,970	46.476	53.196

The average monthly number ofemployees during the	year tvas:
	2023	2022
	Number	Number
Number ofemployees	40
	f
Wages and salaries	593,772	485,035
Social security costs	45,010	37,328
Other pension costs	66,136	51,290
	704,919	573,652

The num were:	be	r of employees whose annual remuneratio	n was f60.000 or more
			2023	2022
			Number	Number
f60,000	to	f70,000	1	1
f70,000	to	f80,000	1	1
f80,000	to	f90,000	1	1

9	Tangible fixed assets	Tangible fixed assets
					Musical	Computer	Office	Total
					instruments	equipment	equipment
							g
	Cost
	At 1 September 2022				229,530	51,867	31,618	313,015
	Additions						3,234	3,234
	At 31 August	2023			229,530	51,867	34,852	316,249
	Depreciation	and impairment
	At 1 September 2022				205,936	41,646	30,027	277,609
	Depreciation	charged	in the year		5,899	2,555	1,204	9,658
	At. 31 August	2023			211,835	44,201	31,231	287,267
	Carrying amount
	At 31 August	2023			17,695	7,666	3,621	28,982
	At 31 August	2022			23,594	10,221	1,591	35,406
10	Debtors
							2023	2022
	Aniounts falling due		ivitliin one year:
	Trade debtors						3.012	5,128
	Prepayments	and accrued income					11,676
							14,G88	5,128
11	Creditors: amounts		falling due within	one year
							2023	2022
	Other taxation	and social security					10,703	9,257
	Deferred income						116,517	35,631
	Trade creditors						31,329	40,310
	Other creditors						1,211	8,560
	Accruals						21,661	22,561
							181,421	11G,319

			Balance at	Resources	Balance at
			1 September	expended	31August
			2022		2023
Dorothy	Taylor Bequest		3,405	(1.566)	1.839
Greemvood		Bursary	9,567	(9,567)
			12,972	(11,133)	1,839

			At I	Incoming	Resources	Transfers	At	31August
			September	resources	expended			2023
			2022
Peter Woodings		Bursary	5 445		(2,463)			2,980
General	funds		218.809	1,248,975	(1,472,546)	226,583		221,821
			224,254	1,248,975	(1,475,011)	226,583		224,801
Previous	year:		At I	lnconiing	Resources	Transfers	At	31August
			September	resources	expended			2022
			2021
				2
General	funds		201,676	1,013,795	(1,248.172)	259,920		226,719

15	Analysis	of	net assets between	net assets between	funds
					Restricted	Unrestricted	Total	Restricted		Unrestricted	Total
					funds	funds		funds		funds
					2023	2023	2023	2022		2022	2022
						f	ff.		f		f
	Fund balances			at 31
	August	2023 are
	represented		by:
	Tangible	assets					28,982			35,406	35,406
	Current	assets/(liabilities)			1,839	195,819	197,658	12,973		191,313	204,286
					1,839	193,819	226,640	12,973		226,719	239,692

	2023	2022
Within one year	18,000	18,000
Betsveen tivo and five years	36,000	54,000
	54,000	72,000

21	Cash generated from operations					2023	2022
	Surplus for the year					547	25,043
	Adjustments for:
	Investment income recognised in	statement offinancial			activities	(194)	(10)
	Depreciation and impairment oftangible			lixed assets		9.658	11,802
	Movement in designated restricted	funds				(11,133)
	Mnvement in designated unrestricted		funds			(2.465)
	Movements in working capital:
	(increase) in debtors					(9.561)	(1,526)
	(Decrease)/increase in creditors					(15.784)	11,788
	Increase/(decrease) in deferred income					80.886	(35.981)
	Cash generated from operations					51.954	11,116