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2022-03-31-accounts

B:isusic Ltd's officers and management officers and management
Prindpal
place of business and advisers
Chair's Report
Report of the Trustees and strategic report
Independent Auditor's Report to the members of
0.'21uslc Ltd.
Consolidated statement of financial
activities for
year ended
31 ISarch 2022
Balance sheets as at 31 March 2022
Consolidated statement of cash flows year ended 31 hlarch 2022
Hates to the consolidated
financial statements

REFERENCE AND AufvflNISTRAT/YK
Officers and tft(anagement
REFERENCE AND AufvflNISTRAT/YK
Officers and tft(anagement
DETAILS Of' THE CHARITY, ITSTRUSTEES AND AD%1SERS DETAILS Of' THE CHARITY, ITSTRUSTEES AND AD%1SERS
The Trustees oi'the charity who were in a/Bee during the year and up ta the date cfthe signfng of the financfaf statements
Appointed Resigned/Retired
hhs Anita
Kumari Bhalla OBE DL (Chair
27 February 2014)
19August 1996
Ms hhary Julia Alartin
AlA
FCA 27 hhay 2009
Alr Vidar Paul Hjardeng
MBE BA PG DfP
18June 2(KN
Mr Ian Philip hhyatt 18June 2009
Mr James Tait 13January 2014
Mr Joel Graham
Blake OBE
19June 2014
Alr Paul John Faulkner 19June 2014 2 September
2021
hhr Davinderpal
Bansal
19Februafy 2015
Cauncillar
Ewan Forbes /lackey
24 July 2015
Councillor Alexander George Aitken 6 fuly2018
hhs Helen E(fzabeth Bates 1 April 2017 17June 2022
Als Oafre Jane Evans 1 April 2017
Mr Anthony
Roger Haward
1 August 20f9
hhr Oluwamayokun
Alongs
1 August 2019
Airs 5heryl Andrea thiller 10/hay 2021
Mr Paul Hoaper-Keefey 10May 2021
The Dfrectors ofthe trading company
statements
were:
who were in office during the year and up to the date of the signing ofthe finandal
Reiign ed/Retired
thr Joel Slake OBE 19February 2015
Als Nicola Keye 26 November
2015
Mr David John Rfchardscn Perdue 26 November
2015
Ms Cfafre Evans 'l April 2017
Mr Anthony
Roger Haward
1 August 2019
hhs Katherine
E(fzabeth Rouse
1 August 2019 8 June 2022

2022 2021 2021 2021
Restricted Unrestricted Total Restricted IJnrestricted Total
Fund Fund Fund Fund Fund Fulld
FOOD EOO0 IOOO IOOO Dsm
Incame fram;
Donations and Iegadec 34 182 216 231
Charitable
activities:
Rental 8adrmsslohs 5,103 5,103 97
Grants rscetvab(e 4 834 2,458 3,292 3,713 5,184 8,897
Other charitable activities 3b 960 960 157 157
Other trading activities 1,280 f,280 91 91
Investments 13 13 18
Total 868 9 996 10864 I 944 5 621 9 565
Expenditure
arl;
Raising funds-.
COmmercial trad& ng Oteratatnt (827) (827) (217) (217)
Fun dra ising (108) (108) (105) (105)
Charitab(e
actlvltles
(582) (9,050) (9,632) (200) (4,692) (4,892)
Total 582 9 985 10 56 200 5 014 5 214
Net income forthe year 11 297 3,744 &07 4,351
Transfers between
funds
'I9/20
ives movement In funds 286 297 3744 607 4 351
Fund balances brought forwarcf at I
April 2021 12,601 2,275 14,&76 8,857 10,525
Fund belanCea carried fermard at 31
March 2022 12 887 2,286 15 173 12 601 2 275 14876
Group Charity Charity
Hate 2022 2021 2022 2021
EMO EON) 5000 &000
Fixed Assets
Inlsnglble
fixed assets
Tend(b(e fixed assets
12
13
88
13,723
13,580 88
13,723
108
13 580
Total Fixed Assets 13 811 13 &BB 13,811 13 688
Current
Assets
Stocks 14 27
Oeblors 15 1,50& 985 1,292 922
Cash Investments 2,525 2, 513 2,525 2,513
Cash at bank ond In hand 4,105 3,174 4,019 3,155
Talal Current
Assets
5, 1fi3 6,&72 7,83d d,590
Creditors
~ amaunts
raging due within ane year 17 (& 155) (4 815) (5 918) (4709)
Hat Current
Assets
2 008 1 857 1 918 1 881
Creditors - amounts falling due after one year (d46) (&&9) (646) (669)
15 173 14 876 15,083 14 900
The Funds of the Charity;
Restricted Incame Funds 19 12,887 12dol 12,887 12,&01
Onrestncted
(ncame
Funds
Oeslgnsted
funds
1,455 1,453 1,455 1,453
General reserve 831 522 741 846
Total llnrestrlcted Incarne Funds 2,286 2,275 2, 197 2,299
15 173 14 576 15.083 14900
2022 2021
QIOO EOOO
Cash flaws fram aperadng
act(v(Oes:
get cash prsndded
by operating
ctlvtdes
Cash flaws fram Invesling
activla(es'.
Dividends,
interest and rents framIn~
12 16
purchase af property,
plant and eqmpment
)let cash (used In) investments (622) (6,760)
Cash flaws from Onanc(ng activities
((epayment a( borrovnngs
(57)
Change
in cash and cash equiva(eats
ln the reporting
period 963 ((,60I)
cash and csuh eautva(anti
at I April 2021
1N
Cash and cash equlva(eats at 31 S(arch Z022 23 6,630 5 687

2022 2021
5000 foao
Rental
Cary af sinningham Symphony Orchestra 397 82
Local music uaura 36 9
Third party prarnotera 427 6
Other 41
901 97
Admrsdam
ihrmlnsham Oamica(
Pram oted and aa-pra mated events 4,193
4,202
5 103 97

2022 2021
f000 f000
Core grant (a) 1,388 1,388
Capital projmn (alaE) grants &5) 3,598
CulturaL Recmery Fund grant
Arts Council England~grant
(c)
(c)
810 2,025
300
Caronavlrus Jab Retenuan
Scheme grant
(d) 233 '1,442
Other
rants
e 861
3 292 8 897

2022 2021
f0oo f000
faterins tacoma 896
sponsorstslp income 78 41
Sfardsancase income 5 50
RentaLs 301
1 280 91

20ZZ 2021
f000 f000
Hank interest 13 18

Staff Dire«t Suppart 2022
6000 5000 EOOO EOOD
lbusmg funds ~ asmmoraal trading 377 345 105 827
~ fund raising 108 108
charitable activities -aoncert and educational
programmes 2,040 4,044 3,527 9,611
- gave
m ance
cosh 1D 11 21
Tatal expenditure 2 535 4 389 3.643 10,567
Staff Direct Support 2021
EOOD EOOD EOOD EMO
Raising funcb - cammercisl trading 165 19 33 217
-fund raising 105 105
Charitable activities - cancan and educatianal
progra mmes 2,433 113 2,324 4,870
~ governance costs 10 12 22
Total ox pe batture 2 713 132 2 369 5,214

2022
Auditor's remuneration
-audi( fees
iy 17
- non audit fees 2 33
Operating letoes - plant and machinery 6
Operating learns
~ land and bulldmgs
46 46
Depredatlcn
—awned tangible
fixed assets
491 268
Amartisauan
-owned inta
ble fixed mmts
20 20

taff c osts analysfs
2021 2021
6000 toM
Wages snd sslsrim 2,323
163
1,501
157
Social
Olhel
security casts
an Casts
49 55
2,535 1,713

The number ofem I es whose emaLuments excludin nsion contributions fell within the follawin band is:
2022 2021
Number Number

2012 1011
Number Ntiriiber
ey Activity 194 241
Charitable activities
Cost of horatio funds
201

2022 2021
Giga 6000
Total ramuneratfaa charf and rau 421 378

2022 2021 2022 2021
Kaaa f000 t'0pa f.'000
Sais af gMds slid purchase ofgoods and
services aarvl caa
Birmingham City Caundf 673 334 882 8'I7

Gmup Gmup
Trading aox oflice
2022 202 1 2022 2821
sooo Iouo
Received From
Glenn Howe((s Ar«hftects Limited Owed nil (2021:nil)
Bruwne Jacobson (trade exchange) Owed rdl (2021:nfl) 24
Univendty
of Birmingham
Greater
Binmngham
and
SoUhull Local Owed 3(2021:ng) 3
Enterprise
Partnership
Limited
Owed nil (2021:nil)
Paid to
Browne Jacobum
(other)
Owed ml (2021:nil) 31 22
SAIAPAD South Asian Arfs and
Greater Birmingham
Chamber
Herftage
of
Owed nfl (2021:nil) 2
Commerce Owed nil (2021:niL) 1 1
The Equal Group Corporation Lfmited Owed 6 (2021:nil) 19
lhusic Beyond )safnstream Owed 1 (2021:nil) 1

Total
2022
EOOD
At 1 Apnl 2631 143
Additions
At 31 )Aarch 2022 143
Accumulated
depreciation:
At 1 April 2021 (35)
Provided dunng year
At 31 idarch 2027. (55)
Net book value of ameis as at 31 Alarch 2022
Net book vdue ofassam as at 31 March 2021
Intangible fixed assets comprise software and IT system licences,

2022 2022 2022 2027 2022
EOM EOOO 6000 EOOO
Leasehold Construction SN Organ Other Tora)
Bulhhngs Work in Project
proewss
Cost
At I Apr(l 2021
Additkns
Transfer
At 31March 2023
12 592
12,592
12,733
441
13 174
1,294
1,294
1,494
193
582
2,269
15,521
634
16,155
Accumulated
depreciation:
At
1 Aprl I 202'I
Prodded
during year
At 31 March 2022
(256)
(256)
(1,045)
(53l
(1 098)
(696)
(182)
(1 078)
(1,941)
(491)
(2 432)
Net book value of assets as at 31 A)arch 2022
Net book value of assets as at 31 March 2021
12,336 12,733 196
249
1 191
598
13 723
13,580

Group Chanty
2022 2021 2022 2021
Eood E000 EOOO E000
Bnished 27
2022 2021
EGO0 E000
Finished Goads
Catering 27
The Sho 27
Cmt af stock 27 27
SIOW-mOvi Steak Sian 27

Group Group Charity Charity
2022 2021 2022 2021
EOOO EOOD E000 E030
Amounts
Falling Oue Within One Year
Trade debts ra 526 171 295 124
Other debtom 29 92 6 71
Value Added Tax 134 53 177 60
Prepayments 490 446 407 444
Accrued income lnote 16) 327 223 325 223
1 506 985 1 292 922

Group Group Charity Char(ty
2022 2021 2022 ZDZI
(000 EOOD EMO
Accrued Incsme brought forward 213 3 223 3
Re(eased In the year (223) (3) (223) (3)
Accrued In the year 317 213 325 223
Actmad Intone carried forward 327 223 325 123
reditor s - amounts fa)UnS due within one year
Group Group Charity Charity
2022 2OZI 2022 ZDZI
EOOD EOIXI ED(XI E0DO
Trade creditors 536 283 461 282
Secured loan 37 41 37 41
Amounts awed to sroup undetaldnss; DAIEL 198 24
Taxation and soda( secunty 54 39 54 39
Other creditors 2,221 1,403 1,103 1,404
Accruals 1,370 619 1,300 605
Deferred Income 1,937 2,430 1,765 1,314
6 155 4 815 5 918 4 709

eferred Income
Group Group Charity Charity
2022 2021 ZD22 20Z1
EOOD EOEO EOOD E000
Deferred Income
braught
forward 2,430 1,888 2,314 1,751
Released In the year (I,749) (II07) (I,755) [535)
pa(orred in the year 1,256 1,149 1,206 1,098
Deferred income carried forward 1.937 2 430 I 765 2 314

Group Group Charity Charity
2022 tnt f 2022 2021
fBoo fMO Sooo 5000
Oue withIII 2 'to 5yees 108 1(I3 108 103
Due after 5years 538 566 538 566
646 669 646 669
Restricted income funds
Balance Balance
1 Aprg Income Artxzmts 31Starch
2021 utilfsed 2022
FOM 5000
Organ constructfon (') 249 (53) 196
Organ maintenance (2) 151 155
Commurrfty
Spirit (Slnt ror all)
Generatmn~pro)sou
(3)
(4)
9
142
(11)
(2)
2
Project sLzjndfounae (5) 24 24
Jazztines projects (6) 109 (156) 60
Small edvcatfon
pro)acts
(7) 5 (3)
Small non-education pm)acts (6) 67 (51) 94
Steinway Piano fund (9) 55 55
Ca
tel sam
i
10 11 845 306 f2 159
12 601 865 [582 12,88'r

estricted income funds (con t. )
Balance Balance
I April incame Amaunts Transfers 31)garth
2020 utsisad 2021
Organ canstructlan
Orson mainterence
(I)
(2)
303
147
(54) 249
151
Cammunity
Spirit (Sing
Generauan
Ladywood
Project saundlaunge
feszlinm
pm)eats
far a6)
pra)acts
(3)
(4)
(6)
21
136
24
47
103 (13)
D)
(41)
9
142
24
109
Girt shop capital grant (11) 31 (31)
Thrive praject (12) 26 (26)
Small educauan
projects
Small nan-Sducat(an
prajeatf
(7)
(8)
8
57
20 (3)
(10)
67
Ca Ital cern
ai
10 8 037 3 809 21 11 845
8 857 3 944 200) 12401
Unrestricted
income funds
Balance Balance
1 Aprs Income Amounts Transfer, 31 A)arch
2021 utnued 2022
EOOO I000 EOOO
)3esi(fnsted
FundS
General education
Organ education
Building maintenance
(Auric In Bnminghsm
lansing
an Entrance
THSH COVICu19 relief
resene H)
(2)
(3)
(4)
(5)
(6)
2
30
1,288
SB
45
30
15 (14) (65) 3
30
1,209
58
45
45
Stelnwa
funds
7 65 65
1,4'53 ia (14)
General reserue (8) 822 9,980 (9,971)
Total unrestricted 2275 9 996 9 983 2 286

Ba(ance Balance
1 April incollla Afnountt TranSFerS 3'i Starth
2KO utKiseu 2021
Designated
Funds
General education (1)
Organ education (2) 36 (6)
Building maintenance reserve (3) 1,296 (8) 1,288
Music in Birmuigham (4) 44 14 58
Ala lung
an Entrance
(5)
THSH COVID.19reuer 6 3 37 10 3D
1,423 54 (24) 1,453
General reSerVe (7) 245 S,567 (4,990)
Terai Unrestricted 5,621 5 014

Unrestricted Restricted
Funds Funds 2022
Anal
sof
ofasset and Oabili EOOD GMO EMO
Intangible frxed assets 88 88
Tangible fixed assets 1,320 12,403 13,723
Current asses 7,679 484 8,163
Creditors falling due vdthln the year (6,155) &6,155)
Credltorsfalllng due after one year (646) (646)
2 2&6 12,887 15173
Unrestricted aestncsed
Funds Funds 2011
Ana
s
of ofasset and gals(I ESM EOOD EOOO
intangible fixed assets log 10&
Tangible lixed assets 1,526 12,054 13,580
Current
assets
6,125 547 6,672
Craditom falnng due vdthin the year (4,815) (4,el 5)
Creditom felling due after one year &669) (669)
2 275 12601 14876

1022 1011
EMO EOOO
Het income for the reporting period 297 4, 35'I
Adiustments for:
Deprecsaticn and amortisatinn charges 511 288
Dividends, Interest and rents from investmenis (13) (18)
(Increase) in stock &27)
(Increase) I decrease In debtors (520) 3'l7
Increase
in
creditors 1,345 212
Irdarest paid 29 9
Net cash rovlded o cretin activitess 1 611 5,159

31 31
March March
2022 2021
E000 EMO
Cash at bank and in hand 4,105 3,174
Cash investments 2 525 2 513
6 630 5 687

1nimum lease payments
fn respect o
f nan-cancefiabfe
operating
lea
ses:
plan( 0 Lend 0
Equipment au fidfngs
2022 2021 2022 2021
E000 f000 Eaao E000
1 year 6 6 46 46
2 ta 5yean 11 17 16Z 185
Over 5 rt 1,108 1 155

arch 202 2 Is sh own be low:
2022 2021
Eood Eooc
Incanw 1,21H
Expenditure (I,180) (273)
Other operating interne 2 73
Tsxstian
Operating prantf (lass) 113 189)
Retained prnra brOught fOrward f24) 65
Gift Aid ta BAIL
Retained refit carried forward 89 24
Assets 567 112
Liabultles f478) f136)
Net Assets