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|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|||||
##
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|||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|
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|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)|
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|||||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|
##
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||||||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|
##
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|||||||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||
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|||||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|||
##
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|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|
##
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|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|
##
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##
||||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|
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|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|