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|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|||
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|||(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|
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|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|
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|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|
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|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|
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|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||
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|2021|2020|
|---|---|
|No|No|
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|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|
##
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|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||||
##
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##
|||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|
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