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||||Page|
|---|---|---|---|
|Index to the Financial||Statements||
|Charitable|company<br>Information|||
|Trustees'|Report||4-5|
|Statement|ofTrustees'|Responsibilities||
|Independent<br>Auditor's||Report|7-9|
|Statement|of Financial|Activities|10|
|Statement|ofFinancial|Position||
|Statement|ofCash Flows||12|
|Accounting<br>Policies|||13-14|
|Notes to the Accounts|||15-19|





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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Status:||||The Premises<br>Music|Education|||Programme|is a company|limited by guarantee||and a|
|||||registered<br>charity governed|||by|its memorandum<br>and articles ofassociation.|||The directors||
|||||ofthe charity are its|trustees||for the purposes||of charity law and throughout||this|report are|
|||||collectively<br>referred|to|as the trustees.|||||||
|Charity name:||||The Premises<br>Music|Education|||Programme|||||
|Company|registration||number:|3258356|||||||||
|||||England<br>&Wales|||||||||
|Charity registration||number:||1059205|||||||||
|Registered|office:|||209 Hackney Road|||||||||
|||||London|||||||||
|||||E28JL|||||||||
|Operations|address:|||209 Hackney Road|||||||||
|||||London|||||||||
|||||E2 8JL|||||||||
|Trustees who held office||||Nicola Collins|||||||||
|during the|year:|||Nimi Furtado|||||||||
|||||Sidonie Winter|||||||||
|||||Ted Bames|||||||||
|Senior Statutory Auditor:||||Anthony<br>Armstrong||FCA|||||||
|||||Armstrong<br>&Co|||||||||
|||||Chartered Accountants||&Stalulory Auditor|||||||
|||||4a Printing<br>House Yard|||||||||
|||||Hackney Road|||||||||
|||||London<br>E2 7PR|||||||||
|Bankers:||||Bank ofScotland|||||||||
|||||33Old Broad Street|||||||||
|||||London|||||||||
|||||EC2N 1Hz|||||||||
|||||Triodos Bank|||||||||
|||||Deanery Road|||||||||
|||||Bristol|||||||||
|||||Bsl 5AS|||||||||





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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|TotalFunds|TotalFunds|
||||||Funds|Funds|||
|||||Notes|6||||
|Income from:|||||||||
|Donations<br>and legacies|||||55|4,493|4,548|1,926|
|Charitable<br>activities|||||163,361||163,361|99,809|
|investments|||||68||68|55|
|Other income|||||5||5||
|Total income|||||163,489|4,493|167,982|101,790|
|Expenditure<br>on:|||||||||
|Raising funds|||||1,500||1,500||
|Charitable<br>activities|||||52,655|7,147|59,802|22,659|
|Total expenditure|||||54,155|7,147|61,302|22,659|
|Net income/(expenditure)||and movement|in funds||109,334|(2,654)|106,680|79,131|
|Reconciliation<br>offunds:|||||||||
|Total funds brought|forward|||15|600,945|344,576|945,521|866,390|
|Total funds carried|forward|||15|710,279|341,922|1,052,201|945,521|





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||||31 March|2022|31 March|2021|
|---|---|---|---|---|---|---|
|||Notes|6|6|||
|Fixed assets:|||||||
|Tangible assets||||940,257||947,555|
|Total fixed assets||||940,257||947,555|
|Current assets:|||||||
|Debtors||10|5,525||6,792||
|Cash at bank and In|hand|11|312,040||242,393||
|Total current assets|||317,565||249,185||
|Creditors: amounts|falling due within one year|12|124,672||126,898||
|Net current assets/(liabilities)||||192,893||122,287|
|Total assets less current liabilities||||1,133,150||1,069,842|
|Creditors: amounts<br>year|falling due after more than one|13||80,949||124,321|
|Total net assets||||1,052,201||945,521|
|The funds ofthe charity:|||||||
|General funds||15||396,657||600,945|
|Designated<br>funds||17||313,622|||
|Restricted<br>funds||18||341,922||344,576|
|Total charity funds||21||1,052,201||945,521|






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|||||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|Cash flows from operating<br>activities:|||||||||||
||Net cash provided<br>by/(used<br>in) operating||activities||||||69,579|125,496|
|Cash flows from investing<br>activities:|||||||||||
||Dividends,<br>interest and rents from investments||||||||68|55|
|Net|cash provided<br>by/(used<br>in) investing||activities|||||||55|
|Change<br>in cash and cash equivalents||in the||reporting||period|||69,647|125.551|
|Cash and cash equivalents<br>atthe beginning||||ofthe reporting|||period||242,393|116,842|
|Cash and cash equivalents<br>at the end||of|the|reporting||period|||312,040|242,393|
|Notes to the Cash Flow Statement|||||||||2022|2021|
||||||||||E||
|1)|Reconciliation<br>ofnet income/(expenditure)||||to net|cash flow from|||||
||operating<br>activities||||||||||
||Net income/(expenditure)<br>for the|reporting|||period|(as per|the statement|offinancial|||
||activities)||||||||106,680|79,131|
||Adjustments<br>for:||||||||||
||Depreciation<br>charges||||||||7,298|7,298|
||Dividends,<br>interest and rents from investments||||||||(68)|(55)|
||(Increase)/decrease<br>in debtors||||||||1,267|10,038|
||Increase/(decrease)<br>in creditors||||||||(45,598)|29,084|
||Net cash provided<br>by/(used<br>in) operating||||activities||||69,579|125,496|
||||||||||2022|2021|
||||||||||E|E|
|2)|Analysis ofcash and cash equivalents||||||||||
||Cash in hand||||||||312,040|242,393|
||Total cash and cash equivalents||||||||312,040|242,393|





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|Net Incoming resources|2022|2021|
|---|---|---|
|Nei incoming resources are staled after charging;||E|
|Auditors fees - audit services|1,300|1,300|
|Auditors fees - other services|1,200|1,200|
|Depreciation - owned assets|7,298|7,298|



## 

|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|Donations|and legacies|||Unrestricted|Restricted|Total|Total|
|||||E|E|E|E|
|Donations||||55|4,493|4,548|1,926|
|||||55|4,493|4,548|1,926|
|||||||2022|2021|
|Income from||charitable|activities|Unrestricted|Restricted|Total|Total|
|||||E|E|E|E|
|Rental income||||160,486||160,486|98,789|
|Jazz Piano|fees|||2,875||2,875|985|
|Course fees|||||||35|
|||||163,361||163,361|99,809|
|||||||2022|2021|
|Income from||investments||Unrestricted|Restricted|Total|Total|
|||||E|E|E|E|
|Bank interest||received||68||68|55|
|||||68||68|55|
|||||||2022|2021|
|Other income||||Unrestricted|Restricted|Total|Total|
|||||E|E|E|E|
|Miscellaneous||income||5||5||
|||||||2022|2021|
|Expenditure||on raising funds||Unrestricted|Restricted|Total|Total|
||||||E|E|E|
|Fundraising|fees|||1,500||1,500||
|||||1,500||1,500||



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|||||2022|2021|
|---|---|---|---|---|---|
|Expenditure<br>on charitable|activities|Unrestricted|Restricted|Total|Total|
|||E|E|E|E|
|Donations<br>made||1,700|4,493|6,193|1,200|
|Charity administration||15,995||15,995||
|Charity management||10,359||10,359|5,728|
|Musicians<br>and course tutors||3,165||3,165||
|Hire &equipment||1,376||1,376||
|Advertising||300||300||
|Repairs &maintenance||6,022||6,022|1,880|
|Legal fees||3,059||3,059|567|
|Bank charges||203||203|144|
|Loan interest||2,832||2,832|3,342|
|Auditors fees - audit services||1,300||1,300|1,300|
|Auditors fees - other services||1,200||1,200|1,200|
|Bookkeeping||500||500||
|Depreciation<br>-Buildings||4,644|2,654|7,298|7,298|
|||52,655|7,147|59,802|22,659|
|Tangible Axed assets||Land &|Funiture 8|ONce||
|||buildings|fixtures|equipment|Total|
|||E|E|E|E|
|Cost||||||
|As at 1 April 2021||1,014,888|25,922|6,065|1,046,875|
|As at 31 March 2022||1,014,888|25,922|6,065|1,046,875|
|Depreciation||||||
|As at 1 April 2021||67,333|25,922|6,065|99,320|
|Charge for the year||7,298|||7,298|
|As at 31 March 2022||74,631|25,922|6,065|106,618|
|Net book value||||||
|As at 31 March 2022||940,257|||940,257|
|As at 31 March 2021||947,555|||947,555|



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|Operating<br>debtors|
|---|
|Bank and cash in hand|
|Bank current account 2|
|Bank current account 4|
|Bank current account 7|
|Bank current account 8|
|Cash account|



|2022|2021|
|---|---|
|E||
|5,525|6,792|
|5,525|6,792|
|2022|2021|
|E|E|
|58,684|84,803|
|228,568|136,760|
|2,411|3,313|
|22,032|17,172|
|345|345|
|312,040|242,393|





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|14|Maturityof|debt|||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
||Amount<br>falling due:||||||||
||In one year or less||||||99,155|102,332|
||Between|two and five years|||||80,950|120,515|
||In five years or more|||||||3,806|
||||||||180,105|226,653|
|||||Opening|Resources|Resources|Other|Closing|
|15|The funds|ofthe charity: current year||balance|arising|utalsed|movements|balance|
|||||E|E|E|E|E|
||Restricted|funds|||||||
||Restricted income funds|||344,576|4,493|(7,147)||341,922|
||Unrestricted|funds|||||||
||Designated|funds|||313,622|||313,622|
||General funds|||600,945|258,489|(54,155|(408,622)|396,657|
|||Total unreslricled|funds|600,945|572,111|(54,155)|(408,622)|710,279|
|||||945,521|576,604|(61,302)|(408,622)|1,052,201|
|||||Opening|Resources|Resources|Other|Closing|
|16|The funds|ofthe charity: prior year||balance|arising|utgised|movements|balance|
|||||E|E|E|E|E|
||Reslricfed|funds|||||||
||Restricted|income funds||347,576||(3,000)||344,576|
||Unrestricted<br>funds<br>General funds|||518,814|101,790|~19,659)||600,945|
|||||866,390|101,790|(22,659)||945,521|





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|||||||Opening||Resources|Resources|Resources|Transfers a|Closing|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Designated<br>funds: current year||||||balance||arising||utigsed|adjustments|balance|
|||||||E||E||E|E|E|
|Operating<br>interruption<br>costs||||||||65,000||||65,000|
|Building maintenance<br>Lift replacement<br>Loan repayments<br>provision<br>'Operating<br>interruption<br>costs<br>3 lldigIt'|. <br>,|Sufficient <br> 3<br>t l|||running<br>costs to cover <br>tilkildig<br>it|||60,000<br>90,000<br>78,622<br>313,622<br> an interruption<br>2|period of up to 6months|||60,000<br>90,000<br>78,622<br>313,622|
|Litt<br>gl<br>t|i|C|t|llgl|gl||||||||
|Loan repayments<br>provision|~|Six|months||loan|repayments|relating to the purchase|||ofa property|||




||||Opening|Incoming|Resources|Transfers|&|Closing|
|---|---|---|---|---|---|---|---|---|
|18|Restricted funds:|current period|balance|resources|expended|gains/(losses)||balance|
||||E||E|E||E|
||Freehold premises|&studio|343,311||2,654|||340,657|
||Digital Bridge||1,265|||||1,265|
||Tony Kofi fund|||4,493|4,493||||
||||344,576|4,493|7,147|||341,922|
||||Opening|Incoming|Resources|Transfers|8|Closing|
|19|Restricted funds:|prior period|balance|resources|expended|gains/(losses)||balance|
||||E||E|E||E|
||Freehold premises|&studio|346,311||3,000|||343,311|
||Digital Bridge||1,265|||||1,265|
||||347,576||3,000|||344,576|




|General|Designated|Restricted|Endowment||
|---|---|---|---|---|
|funds|funds|funds|funds|Total|
|~333.322|313622||||
|(313,622)|313,622||||





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||||General|Designated|Restricted|Endowment||
|---|---|---|---|---|---|---|---|
|21|Net assets attributable|to funds: current period|funds|funds<br>E|fundsf|funds<br>E|Total<br>E|
||Tangible fixed assets||598,335||341,922||940,257|
||Current assets||3,943|313,622|||317,565|
||Current<br>liabilities<br>Long term liabilities||(124,672)<br>~80,9490||||(124,672)<br>~80.9490|
||Net assets represented|by funds|396,657|313,622|341,922||1,052,201|
||||General|Designated|Restricted|Endowment||
|22|Net assets attributable|to funds: prior period|funds|funds<br>E|funds<br>E|funds<br>E|Totalf|
||Tangible fixed assets||602,979||344,576||947,555|
||Current assets||249,185||||249,185|
||Current<br>liabilities||(126,898)||||(126,898)|
||Long term liabilities||(124,321)||||(124,321)|
||Net assets represented|by funds|600,945||344,576||945,521|



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