##
|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|
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||||||||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|
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||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|||||||
##
##