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2021-03-31-accounts

Contents
Introduction
Achievements gr Key Stats
Who we are
Activities 5 Impact
Regulatory
Information		 23
Report ofthe Examiners 24
Statement of Financial Activities 25
Balance Sheet 26
Statement of Cash Flows 27
Notes to the Financial Statements 28

BOARD Maurice Biriotti* (Chair)
Lindsey Glen
Megan Gray'
Michael Keating*
Stephen
Madigan*
Jasmine Mathews""
Nicky Oppenheimer"
Katie Tearle MBE
Steven Berryman+
Melanic Fryer+
Jenny Hunting+
Andrew
Peck *+
*indicates membership
of		 the Finance Ik Legal Committee
"Stepped down
in January		 2021
+Joined
in January 2021
COMPANY SECRETARY Kimberley
Godley-Hendon
CHIEF EXECUTIVE Sarah Gee
PRINCIPAL OFFICE St Margaret's
House, 15Old Ford Road, London		 E2 9PJ (to April
2021) Oxford House, Derbyshire Street, London, E2 6HG (from April 2021)
REGISTERED OFFICE St Margaret's
House, 15Old Ford Road, London		 E2 9PJ (to April
2021) Oxford House, Derbyshire Street, London, E2 6HG (from April 2021)
INDEPENDENT EXAMINERS Cooper Parry Group Limited, Sky View, Argosy Road, East Midlands
Airport, Castle Donington, Derby, DE74 25A
SOLICITORS Field Fisher Waterhouse LLP, Riverbank House, 2 Swan Lane, London
EC4R 3TT
BANKERS CAF Bank Ltd, 25 Kings Hill Avenue, West Mailing, Kent ME194JQ
Barclays Bank, 1Churchill Place, London E14SHP
Nationwide
Building Society, Pipers Way,		 Swindon, SN3B 1NW
COMPANY REGISTRATIONS Charity number: 1052043
Registered
in England
Ik Wales: 3136347
VAT number: 524730951

Unrestricted Restricted Total Total
Note Funds Funds 2021 2020
NB:12months
6 6
Income:
Donations and legacies:
Public Authority
Grants		 180,104 15,000 195,104 208,406
Other Grants, Donations & Gifts 32,816 130,513 163,329 234,955
Charitable
activities:
Festivals 2,066 2,066 2,500
Learning
&Participation		 6,960 6,960 24,250
Other Trading Activity 5,098 5,098 8,495
Investments 26 26 193
Total Income 227,070 145,513 372,583 478,799
Expenditure:
Raising funds:
Fundraising
expenditure		 32,612 32,612 42,289
Investment
Management		 costs 559 559 863
Charilable
activities:
Festivals 79,450 29,274 108,724 87,060
Learning
8 Participation		 21,770 65,282 87,052 119,590
Creative Encounters
(formerly		 Living Arts) 39,226 39,226 118,667
Creative Leadership
Programme		 30,357 30,357 84,330
Christopher
Vaughan
Legacy projects		 3,000
NMCF projects 9,000
Total Expenditure 5 134,391 164,139 298,530 464,799
Net income/(expenditure) before unrealised gains 92,679 (18,626) 74,053 14,000
Net gains on investments 7,293 16,636 23,929 9,476
Net Income/(Expenditure) 99,972 (1,990) 97,982 23,476
Transfers
between
funds		 (49,114) 49,114
Net Movement
in Funds		 50,858 47,124 97,982 23,476
Reconciliation
offunds
Total funds brought
forward		 167,983 238,229 406,212 382,736
Total funds carried forward 218,841 285,353 504,194 406,212

Note 2021 2021 2020 2020
Fixed assets
Tangible assets 10 1,681 1,658
Intangible assets 11 4,723 6,667
Investments 12 323,926 300,556
330,330 308,881
Current assets
Debtors 13 9,718 82,827
Cash at bank and in hand 14 295,252 105,508
304,970 188,335
Current liabilities
Creditors
falling due		 within one year 15 (81,106) (91,004)
Net current assets 223,864 97,331
Creditors
falling due		 aRer more than one year 16 (50,000)
Net assets 504,194 406,212
The funds ofthe charity: 17
Unrestricted
funds		 218,841 167,983
Restricted funds 285,353 238,229
Total charity funds 504,194 406,212

NB: 12months
2021 2020
F F
Cash flows from operating activities:
Net cash provided
outflow		 from operating activities 21 189,159 (8,496)
Cash flows from investing activities:
Net gains from investments:
Interest from investments 26 193
Proceeds from the sale of investments 559 863
Net cash provided
by investing
activities		 585 1,056
Reconciliation
ofcash and		 cash equivalents
Change
in cash and cash equivalents
in		 the year 189,744 (7,440)
Cash and cash equivalents at beginning ofyear 105,508 112,948
Cash and cash equivalents at end ofyear 14 295,252 105,508
3 Pubgc Pubgc Pubgc Author Author hy Grants Grants Grants U tmd R \
td		 T «d
Fuud4 Funds 2021
t t.
Arhoo
nul,		 England-Re en e F ndng 41,585 41,585
At C I E gh d-E m wctcfaF d g 10,9H 10,911
Culture Recovery Fund (Arts Donne l England( DCM8) 93,154 93,154
Cly
L		 fLondon-R
d
8
gh		 en
fT		 eF ndng
H
It		 20,000
5,000		 10,000
5,000		 30,000
10,000
HMRC Coronavirus Job Retenbon (Fudough) Grant 9454 9454
U tmd R t«td
Fuud4 Funds
t t.
Arhoo
nu),		 E gland-Re e eF dng 71,288 71,288
At C I E gh d-E m wctcfaF d g 65,468 65,400
City of London - Revenue Funding 39,816 39,816
LndnSorogh fT rHemleh 2,000 8,000 10,000
21,834 21,034
Thew ere
o		 nmlfgedcondto sore nt genues n epact famoflheab egwnts
Th d ly dg t um th f fg I*f th Clt R GF d dJbRt t Fd ghSh Scm d
dly		 Itdt Ih p d
4 Cuber Grants, Donations 8Ggls U tmd T hd
Fundst Funds 2021
Tmsts 8F hdat om 15,000 92,600
Donabons from Individuals 15,661 22,550 38,211
L gee s 17,5M 17,5M
2 155 12IG3 15018
U tmd
Fundst Funds
Tmsts 8F hdat om 42,940 108,000 I50,940
0 0 0
Donabons from Individuals 30,885 19,656 50,541
Legaaes 0 0 0
1 580 31094 33474
5 Totalespendh r Dlr clcosts 8 pporl costs Total
2021 2021 2021
8 1 1
25,849 7,322 33,171
Chantable activnns
F st ols 87,631 21,093 UI8,724
L g&P t pb 71,487 15,565 87,052
Creabve Encounters (formerly Living Arts) 31,686 7,540 39,226
Crash e Leadersh p Progremm 25,034 5,323 30,357
Ch
tph		 V gh L9 YP
NMCF protects ~241687 ~M843 ~298530
Dbecl costs biippow ccats Total
2020t 2020
1		 2020
1
Ruung F nds 34,247 8,905 43,152
Ch tbl G na
F stivals 72,012 15,048 87,aaa
L amngaPannpaton 102,505 17,085 119,590
C
b		 E t (f lyL gAt) 102,059 16,000 110,067
Early Years Music
Crash e Leadersh p Progremm 72,372 11,958 84,330
Ch enph V gh Lg Wp 3,000 3,0M
NMCF prolects 9,000
~395195		 ~69604 9,0M
Unrestricted Restrlcmd
Pnor year wstdeted and nr stnet d f ndh eompantor F nds F
Ido		 Total
2020 2020 2020
8 8 8
Raspgf mfe
42,289 42,289
Investment Management costs 863 863
Ch Ibl GW
Festivals 63,559 23,501 87,aaa
L amngaPannpaton 21,648 97,942 119,590
118,067 118,067
Creabve L «dership Programme 84,330 84,330
Chnstopher Va ghen Legacy prolwls 3,000 3,000
NMCFP I t 9,0M
128350 336440
Ttl im
dtt		 ( mt dl
Analymsof
go		 manse and others pporl costs
2021
lull
g		 F ttde L ga C C tt Total
Funds Pardolpatlon Encounters Leadershtp
(formerly Programma
Suppon Costs
Fnance a Strataff 2,177 5,315 5,261 2,643 1,865 17,262
om
c
I*		 1,227 2,135 2,029 1,351 !155 0,2!17
Prsmnes
Costs		 1,558 2,783 3,563 1,803 1,336 11,133
P bl cay 5 Promohon 1,001 7,000 1,002 750 580 10,433
1,019 1,823 2,333 1,240 875 7,280
Dsprnmabon 5 Amomsabon 340 M7 777 413 291 2 428
Total 5 pp
rt Costs		 7322 19563 15565 8290 6003
2020
Ratstng Festivals Learntng 0 Cmatlve Ciaiitlv Total
F nda par Mp*6on Ence nters L Id roti 0
dy P g
Llvlna Arts)
Suppon Costs
Finance 6Strategy 1,551 4,297 3,575 3,231 2,328 14,982
Olfee Costs 1,943 2,7!15 3,497 3,496 2,317 14,248
Premises Costs 3,411 4,896 6,122 6,121 s,als 24,9S8
Publiaty 6 Promobon 1,138 1,262 1,578 1,578 1,135 5,591
Governance Costs 312 51!I 0411 648 406 2,5!13
Dsprmwbon 5 Amomsabon 734 I 226 1 534 I 534 I 104 6132
Total Support Coats 9089 14995 16954 16608 11958
Induced
in direct		 costs are amounts represenbng donated go de, services and fealities. The total benefit ofhelp in kind received in the penod was 615018(2020 233,
This help in kind includes free or dwcounted hire ofvenues and equipment
for fesbval and learning		 8 parka pabon events, as weg as pro bono advice and legal services
This help in k in d in cludes fre e or dwcounte d
hire ofvenues and equipment
for fesbval and l		 earning
8 parka pabon events, as weg as pro bono advice a		 nd legal services
2021 2020
N t( p ndd re)lmconwts stat dag r hargtng. E E
2,428 6,135
Indspend nt Examination fees 2,500 2,075
Operabng lease charges 11,133 18,053
8 Staff Costs 2021
2
Staf costs corn pnm
tffagesahdsalah s 89,3S7 135,855
6,305 10,415
Pehsioh cc8ts 5028 S809
100,700 152,079
Freelance and C ns gancv 50275 105130
Total StaffCosts

10 Tangible N ed Assets Tangible N ed Assets Tangible N ed Assets
Pi Otg F
Equlpmenl Total
6 6 5 5
C
At 1 S ptember2020 4,095 H,658 3,714 19,467
Adds
ns		 507 507
At 31 March 2021 4,095 12,165 3,714 19,974
0 p
t
At I September 2020 4,095 10,000 3,714 ty,wm
Charge I ry ar 484
At 31 March 2021 4,095 10,484 3,714 18,293
Ntb
k
At 31 March 2021 1681 tost
At 31 A 0 st 2020 1658
All assets relate to the chantable activibes. The piano was valued by the trustees on 31 December 2000, having been donated to the chanly
in 1995
11 I t
gibl
N
d A		 t
W belts Total
cost 5 5
At I S pt
b
2020		 10,000 10,000
AdCiaons
Dnpcsals
AtSI A g
t 2021		 10,000 10,000
Amorlnat
on
At I S pt
b
2020		 5,278 5,278
Charge for year 1,944 1,944
Elmnatwl
ndnp		 sale
AtSI A g
t 2020		 1,944 7,222
N tbookml
e
Atm A g
t2021		 4723 4723
At 31August 2020 6667 6667
12 I
at
m
2021 2020
5 5
*t
t		 NISpt
b		 2020 300,556 291,943
Investment
Manager costs		 (559) (ms)
Addaons
Net investment gain 23,929 9,476
Total investments at 31 March 2021
At 31 March 2021, eg investments held by the charay were mth the Cazenove Chanties Mulb-Asset Fund. Thm fund is registered mth the Chanly Commission
The investments
are lated on a recognwed		 stock exchange in accordance mth the charay's investment policy
Investments
held dunng the year		 were not income beanng
13 Debtors 2021 2020
5 5
Debtors: amounts faglng due within one year
Trade debtors 10,218
prepaymenu
and		 Accn ed Income 9,718 71,356
li,718 81,574
Debtors:amountsfaglngdu
overmor		 thanon
ymr
Other debtom 1,253
9718 82 827
14 Analysis ofcash and cash equivalents 2021 2020
6 6
Cash in hand
Total cash and		 cash equivalents 295252
~295 252		 10S508
~105505
15 Cmdltore: amounts faglng due wghln one year 2021 2020
5 5
Triide cr ditors 760
Other ta as and roost sec dy costs 7,184 602
39,983 71,568
Accmiils 33,939 18,074
18 Credltorw
amounts		 faglng due after more than one year
2021 2020
E E
Bankloa 50000
Induced wean bank loans due after one year is 550,000received from Bardeys Bank UK pic in respect of*Bounce Bank loan. Interest on thw loan is charged et
2.S'7 perannummththeUK
government
paying		 interest on the loan for the first 12 months The term of the loan is 6years with repayments commenqng 13months from the date ofdrawdown at0
rate of5833.33per month.
2021 2020
M
emeds
nd felid		 nc me nth y ar asfollom 5 5
Balanc
brought fonvard		 71,568 3S,ooc
Am
nts mleaswl
A
tdf
d		 the yea
tby		 (60,000)
28 415		 (35,000)
71 568
Balanc
cern dfonvard

2021 2021 2021 2021 2021 2021 2021
T glbh&l t gbh N |N t
At 31 March 2021 Flam Cttllettl Llabgltles
Asf ts Tohtl
0 0
Reslncted Chnstoph r Ve ghan Lmacy 71,019 936 71,955
R
I m d		 NMCF 151510 1,621 153,137
Reslncted Learning 0 Pam*ipabon 11,544 11,544
Reslncted R byLamben Legacy F nd(5o ndb 7,500 7,500
37 37
Reslncted Crmtive Enconnt rs (fonnedy uving Ads) 40,074 40,974
Reslncted Fesb als 206 206
0
I chd		 101391 111046 50000 218841
0404 323920 173864 50000 504 194
2020 2020 2020 2020
Tanglbk Stntanglble Investmente Net
At 31 A 0 st 2020 R ad 0 ithl
A t A t T t
I
5 6 6
R ImdCh
tph		 V gh L9 7 0 05,1I95 814 00,709
Reslncted NMCF 0 140,585 1,359 141,044
Reslncted Leamng a Pnme pab n 0 0 11,713 11,713
0 0 2,794 2,794
Reslncted Crmtive Enconnt rs (fonnedy uving Ads) 0 0 (287) (287)
Reslncted Fesb als 0 0 15,356 15,356
0
I chd		 8325 94070 05582 107983
8325 300550 97331 406212
13 Financial Commltmenls
At31M h2021th pmhd vht dg 0 tf ft h pw nh d Ihbl p tglm nm hfgd fll
2021
f.
Vdan
n		 yar
Wtlhtn one year 8772
~0772		 20160
~20 100
20 Control and Share Cap(tel
Th 0 ly p yl tdbyg m 1th tfth p yt g d pth g m nl tdt51p b
21 Reconcglatlon
ofnet		 mov ment In funds to net cash Row from op rating aetlvltl s
2021 2020
5 5
Nt
p		 dd
fath		 y !I7,!I02 23,476
Ad) itsttirehts fog
Deprmat
nchames		 2,802
A h
t
d		 g 1,944 3,333
Net gmns on investments (23.929) (9,476)
Int st race ed (20) (193)
C pal
p
dl		 (50n (12,487)
(Increase)IDecreaw in debtors 73,109 (55,757)
Increaser(Decrees ) cred t m 40 102 39800
180159 8496