2021-03-31-accounts

Reference and Administrative Details
Trustees' Report	2to12
Statement ofTrustees' Responsibilities	13
Independent Examiner's Report	14
Statement of Financial Activities
Balance Sheet	16
Statement of Cash Flows	17
Notes to the Financial Statements	18to 33

					Reference and Administrative	Reference and Administrative	Details
Chairman					Charles de Swiet
Trustees					Jodi-Alissa Bickerton
					Cameron Bray
					Charles de Swiet
					Alexander Gowan-Webster
					Gra ha m Griffiths
					Matthew Lloyd
					Elizabeth Salmon
					RachelShapey
					Julian Stodd
Principal	Office				Richmix
					35-47 Bethnal	Green Road
					London
					E16LA
Company	Registration			Number	02868675
Charity Registration			Number		1034374
Solicitors					Russell-Cooke	LLP
					2 Putney Hill
					London
					SW15 6A
Bankers					CAF Bank Ltd
					25 Kings Hill Avenue
					Kings Hill
					West Mailing
					Kent
					ME194JQ
Independent		Examiner			Field Sullivan	Limited
					70 RoyalHill
					Greenwich
					London
					SE108RF

		(Including Inco	me and Expendit	ure Account and	Statement of T	otal Recognis	ed Gains and L	osses)
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds	2021	funds	funds	2020
			Note	E	E	E	E	E	E
Income and Endowments		from:
Donations and legacies				256,906	379,244	636,150	196,637	62,243	258,880
Charitable activities				84,060		84,060	145,238	297,417	442,655
Investment income				127		127	333		333
Total income				341,093	379,244	720,337	342,208	359,660	701,868
Expenditure on: Raising funds				(33,920)		(33,920)	(61,353)		(61,353)
Charitable activities				(211,560)	(326,188)	(537,748)	(281,846)	(273,840)	(555,686)
Total expenditure				(245,480)	(326,188)	(571,668)	(343,199)	(273,840)	(617,039)
Net income/(expenditure)				95,613	53,056	148,669	(991)	85,820	84,829
Transfers between	funds			(6,000)	6,000
Net movement in funds				89,613	59,056	148,669	(991)	85,820	84,829
Reconciliation offunds
Total funds brought	forward			169,995	167,296	337,291	170,986	81,476	252,462
Total funds carried	forward			259,608	226,352	485,960	169,995	167,296	337,291

		(Registration numb Balance Sheet as at	er: 02868675) 31March 2021
				2021	2020
			Note	f	f
Fixed assets
Tangible assets			12	29,252	10,850
Current assets
Debtors			13	82,938	75,011
Cash at bank	and in hand			440,718	292,569
				523,656	367,580
Creditors: Amounts		falling due within one year	14	(66,948)	(41,139)
Net current	assets			456,708	326,441
Net assets				485,960	337,291
Funds ofthe	charity:
Restricted funds				226,352	167,296
Unrestricted	income	funds
Unrestricted	funds			259,608	169,995
Total funds			17	485,960	337,291

S	tatement		of Cash	Flows for the	Year Ended 31	March 2021
						2021	2020
					Note		f
Cash flows from operating activities
Net cash income						148,669	84,829
Adjustments to cash	flows from		non-cash	items
Depreciation						13,893	8,572
Investment income						(127)	(333)
Rounding adjustment						(1)
						162,434	93,068
Working capital adjustments
Increase in debtors					13	(7,927)	(22,790)
Increase/(decrease)	in creditors				14	34,859	(50,359)
(Decrease)/increase	in deferred		income			(9,050)	18,000
Net cash flows from	operating	activities				180,316	37,919
Cash flows from investing activities
Interest receivable and similar		income				127	333
Purchase oftangible	fixed assets				12	(32,294)	(3,167)
Net cash flows from	investing	activities				(32,167)	(2,834)
Net increase in cash	and cash	equivalents				148,149	35,085
Cash and cash equivalents at		1April				292,569	257,484
Cash and cash equivalents at		31	March			440,718	292,569

residual va	lue, over their expe	cted useful economic life	as follows:
Asset class			Depreciation	method and rate
Computer	5Office Equipment		three years	straight	line
Project Equipment			three years	straight	line
Accessible	Musical Instrument	Collection	three years	straight	line

3 Income from donatio	ns	a	nd legacies
				Unrestricted
				funds
					Restricted	Total	Total
				General	funds	2021	2020
				E	E	E	E
Donations and legacies;
Appeals and donations				8,856		8,856	2,592
Grants, including capital	grants;
Government grants				9,864		9,864
Arts Council, England	-	Revenue
Funding				197,615		197,615	194,045
Arts Council, England	-	Accessible
Music Instrument Collection					21,599	21,599	2,422
Arts Council, England Symphony	-	Planted					59,821
Grants - other agencies				1,470		1,470
PRS Foundation					11,610	11,610
Sobell Foundation					3,000	3,000
Garfield Weston Foundation					15,000	15,000
Ford Britain Trust					2,850	2,850
Bruce Wake Charitable		Trust			2,500	2,500
Arts Council, England	-	Emergency
Funding					15,000	15,000
Awards for All					9,870	9,870
Clothworkers Foundation					25,000	25,000
Duchy of Lancaster Benevolent
Fund					500	500
Garrick Charitable Trust					4,800	4,800
Arts Council, England	—Culture
Recovery Fund					84,650	84,650
Foyle Foundation					15,000	15,000
John James Foundation					5,000	5,000
Help Musicians UK					11,700	11,700
Youth Music					65,923	65,923
Joyce Fletcher Charitable			Trust		5,000	5,000
Other organisations					640	640
Masonic Charitable	Trust				19,400	19,400
Ragdoll Foundation					8,000	8,000
The Harold Hyam Wingate
Foundation					6,000	6,000

								Unrestricted
								funds
									Restricted	Total	Total
								General	funds	2021	2020
								E	f	f	E
	Esmee Fairbairn			Foundation					46,202	46,202
	Esmee Fairbairn			Foundation				23,101		23,101
	Austin Hope		Trust					1,000		1,000
	Paul Hamlyn		Foundation					15,000		15,000
								256,906	379,244	636,150	258,880
	Income	from charitable					activities
									Unrestricted
									funds
										Total	Total
									General	2021	2020
									f	f.
	Learning,	Participation				%Training			50,303	50,303	85,415
	Think22								15,957	15,957	188,196
	Research	g.	Development						8,800	8,800	34,524
	Arts g. Collaborations								9,000	9,000	134,520
									84,060	84,060	442,	655
5	Investment		income
									Unrestricted
									funds
										Total	Total
									General	2021	2020
									f	F.	E
Interest receivable				and similar income;
	Interest	receivable			on	bank deposits			127	127		333

a) Costs ofge	nerating don	atio	ns and leg	acies
						Total	Total
						2021	2020
					Note	f	f
Other direct costs of generating			voluntary	income		33,920	13 332
Staff Costs					10		48,021
						33,920	61,353
7 Expenditure	on charitable		activities
						Total	Total
						2021	2020
					Note	E	f
Project costs						10,129
Direct costs						165,443	297,622
Premises costs						46,372	32,033
Publicity 5 Promotion						16,584	11,911
Depreciation,	amortisation	and other similar costs				13,892	8,572
Staff costs					10	257,848	184,772
Support costs						27,480	20,776
						537,748	555,686

Support cost	s
			Total	Total
			2021	2020
				f
Staff training	and recruitment		3,346
Office expenses			8,773	13,780
Travel and subsistence			387
Governance	costs			6,996
Independent	examination		2,660
Consultancy	and training		9,361
Legal and professional		fees	2,566
Bank charges			387
			27,480	20,776

10 Staff costs The aggregate payroll costs were as follows:
	2021	2020
	E	f
Staff costs during the year were:
Wages and salaries	236,425	211,651
Social security costs	15,166	15,541
Pension costs	6,257	5,601
	257,848	232,793

the year e	xpressed as full time equivalents was as f	ollows:
		2021		2020
		No		No
Charitable	activities		12

2021	2020
No	No

12 Tangible fixed assets
	Project	Office	Accessible
	equipment	equipment f	instruments E	Total
Cost
At 1April 2020	84,254	11,956	2,422	98,632
Additions		2,508	29,786	32,294
At 31March 2021	84,254	14,464	32,208	130,926
Depreciation
At 1April 2020	76,577	11,121	83	87,781
Charge for the year	5,936	941	7,016	13,893
At 31March 2021	82,513	12,062	7,099	101674
Net book value
At 31March 2021	1,741	2,402	25,109	29,252
At 31March 2020	7,677	835	2,339	10,851
13 Debtors
			2021	2020
				E
Trade debtors			32,964	27,328
Prepayments			3,603	47,683
Accrued income			35,862
Other debtors			10,509
			82,938	75,011

14 Creditors: a	mounts falling due within one year
		2021	2020
		f
Trade creditors		42,838	10,736
Other taxation	and social security	5,691	5,310
Other creditors		1,574	1,593
Accruals		7,895	5,500
Deferred income		8,950	18,000
		66,948	41,139

			2021	2020
			f	f
Deferred	income at 1April 2020		18,000	11,300
Resources	deferred in the period		8,950	18,000
Amounts	released from previous	periods	(18,000)	(11,300)
Deferred	income at year end		8,950	18,000

Total future minimum lease payments under non-cancel	lable operating leases are as follows;
	2021	2020
		f
Land and buildings
Within one year Between one and five years	17,897	30,645 17,876
	17,897	48,521

17 Funds
							Balance at
			Balance at 1	Incoming	Resources		31March
			April 2020 f	resources f	expended f	Transfers f	2021 f
Unrestricted funds
General
General Funds			169,995	341,093	(245,480)	(6,000)	259,608
Restricted funds
Learning, Participation 8. Training Research 5Development			10,000 7,500	37,400 5,300	(11,208) (4,990)	4,708	40,900 7,810
Arts 5Collaboration			84,500	121,522	(130,022)	6,000	82,000
Think22			58,180	65,923	(90,034)	(4,708)	29,361
DM Thomas Foundation		Capital
Grant			4,777		(4,777)
Accessible Music Collection	Instrument		2,339	49,449	(7,028)		44,760
Culture Recovery	Fund			84,650	(63,129)		21,521
Emergency Fund				15,000	(15,000)
			167,296	379,244	(326,188)	6,000	226,352
Total funds			337,291	720,337	(571,668)		485,960

	Notes to t	h	e Financia	l Statements for	the Year Ended	31March 20	1
				Balance at 1	Incoming	Resources	Balance	at 31
				April 2019 E	resources f	expended	March E	2020
Unrestricted	funds
General
General Funds				170,986	342,208	(343,199)	169,995
Restricted funds
Learning,	Participation	%Training		25,000	15,976	(30,976)		10,000
Youth Music: Exchanging			Notes	1,000		(1,000)
Research	5 Development			25,000	13,940	(31,440)		7,500
Arts 5Collaboration				8,000	155,595	(79,095)		84,500
Think22				14,200	171,727	(127,747)		58,180
DM Thomas Foundation			Capital
Grant				8,276		(3,499)		4,777
Accessible Collection	Music Instrument				2,422	(83)		2,339
				81,476	359,660	(273,840)	167,296
Total funds				252,462	701,868

		Unrestricted
		funds
			Restricted
		General	funds	Total funds
		f	f	f
Tangible	fixed assets	3,022	26,230	29,252
Current	assets	323,534	200,122	523,656
Current	liabilities	(66,948)		(66,948)
Total net assets		259,608	226,352	485,960
		Unrestricted
		funds
			Restricted
		General	funds	Total funds
		f	f	f
Tangible	fixed assets	3,734	7,116	10,850
Current	assets	207,400	160,180	367,580
Current	liabilities	(41,139)		(41,139)
Total net assets		169,995	167,296	337,291
19 Analysis of net funds
				At 31March
		At 1April 2020	Cash flow	2021
		f	f	f
Cash at	bank and in hand	292,569	148,149	440,718
Net debt		292,569	148,149	440,718
				At 31March
		At 1April 2019	Cash flow	2020
		f
Cash at	bank and in hand	257,484	35,085	292,569
Net debt		257,484	35,085	292,569