2020-08-31-accounts

		Page
Legal and administrative	information
Report ofthe Trustees		2-9
Report ofthe Independent	Examiner
Statement of Financial Activities		12
Balance Sheet		13
Statement ofCash Flows		14
Notes to the Financial Statements		15-24

Trustees				George Koukis (Chairman)	George Koukis (Chairman)	George Koukis (Chairman)
				David Challen CBE
				Raphael Vermeir CBE
				Jeffrey Eldredge	(resigned 23 April 2020)
				Leslie MacLeod-Miller		(resigned 20 April 2020)
				Lady Judy Vereker (resigned			22 April	2020)
President				SirVernon Ellis
Artistic Director				lan Page
Chief Executive				Deborah Coates
Company	Secretary			Megan Chidlow	(appointed		14January 2020)
				Maria Clark (resigned		14January 2020)
Name of	Charity			The Mozartists.	The charity		changed	its name from Classical Opera
				on 2October 2020.
Registered/Principal			Office	Boundary House
				Boston Road
				London
				W7 2QE
Company	Number			3361716
Charity Registration			Number	1063387
Independent		Examiner		Phillip Roberts
				Roberts &Co.
				Chartered Accountants
				136Kensington	Church	Street
				London
				W84BH
Bankers				HSBC Bank PLC
				21 Kings Mall
				King Street
				I-lammersmith
				London
				W6 OQF

					2020	2020	2020	2019
					Unrestricted	Restricted
					Funds	Funds	Total	Total
				Notes
Income from:
Donations and grants					356,440	133,878	490'318	671,590
Charitable activities					120,061	366	120,427	131,647
Theatre and Orchestra		Tax	Relief		62,635		62p635	66,376
Bank interest					1,096		1,096	1,007
Total Income					540 232	134244	674476	870620
Expenditure on:
Raising funds					113,357		113,357	115,743
Charitable activities					547,964	99,666	647,630	690,210
Total expenditure				5,6	661321	99666	760987	805 953
Net (expenditure)/income			being net		(121,089)	34,578	(86,511)	64,667
movement in funds
Reconciliation offunds
Total funds brought	forward				361,058	36,382	397,440	332,773
Total funds carried	forward			14,15	239969	70960	310929	397440

				2020	2019
			Notes	6	6
Fixed assets
Tangible assets				4,842	6,180
				4,842	6,180
Current assets
Stock			11	27963	2,844
Debtors			12	169,319	127,574
Cash at bank and	in hand			167,233	310,725
				339,515	441,143
Creditors: amounts		falling due within one year	13	(33,428)	(49,883)
Net current assets				306,087	391,260
Total net assets				31D939	397440
Funds
Designated funds			15	54,842	175,000
General funds				185,127	186,058
Total unrestricted		funds		2397969	361,058
Restricted funds			14	70,960	36,382
Totalfunds			4	31D939	397440

				2020	2019
				6	6
Cash flows from operating	activities:
Net (expenditure)/income	for the financial year			(86,511)	64,667
Adjustments to cash flows	for:
Depreciation charges				4,402	6,389
Investment income				(1,096)	(1,007)
(Increase)/decrease in debtors				(41,745)	17,850
(Increase)in stocks				(119)	(47)
(I7ecrease)/increase in creditors				(16,455)	14,593
Net cash (used in)/generated from operating			activities	(141,524)	102,445
Cash flows from investing	activities
Interest from investments				1,096	1,007
Purchase oftangible fixed	assets			(3,064)	(3,637)
Net cash (used in)/provided	by Investing	activities		)1,661)	~2,630)
Net (decrease)/increase in	cash and cash equivalents			(143,492)	99,815
Cash and cash equivalents	at the beginning	ofthe year		3107725	210,910
Cash equivalents at the end ofthe year				6 233	31D725
Cash and cash equivalents	at the end ofthe year comprise:
Cash at bank and in hand				167 233	31D725

2. INCOME	F	ROM		DONATIONS	AND GRANTS
									2020	2019
							Unrestricted	Restricted	Total	Total
							funds	funds
Individual	and corporate donations						323,886	59,957	383,843	594,740
Trusts and	foundations						2,500	60,921	63,421	63,850
Government		grants		—furlough	scheme		25,054		25,054
Local public		authorities					5,000	13,000	18,000	13,000
							356,440	133,878	490,318	671,590
3.INCOME	FROM			CHARITABLE ACTIVITIES
									2020	2019
							Unrestricted	Restricted	Total	Total
							funds	funds
Ticket sales							110,647		110,647	116,048
CD and streaming			income				9,414	366	9,780	15,599
							120,061	366	120,427	131,647
4. EXPENDITURE			BYACTIVITY		TYPE
									2020	2019
						Staff costs	Non staff	Support	Total	Total
							costs	costs
Unrestricted		funds:
Raising funds						76,708	18,383	18,266	113,357	115,743
Charitable	activties:
Performance		and	recording costs			151,753	314,323	72,143	538,219	602,475
Education	costs					7,455	503	1,787	9,745	10,406
						159,208	314,826	73,930	547,964	612,881
Total unrestricted				expenditure		235,916	333,209	92,196	661,321	728,624

4. EXPENDITURE BYACTIVITY TYPE (CONTINUED)	4. EXPENDITURE BYACTIVITY TYPE (CONTINUED)
					2020	2019
		Staff costs	Non staff	Support	Total	Total
			costs	costs
Restricted funds:
Charitable activities:
Performance and recording	costs		72,316		72,316	41,205
Education costs		7,500	19,850		27,350	36,124
Total restricted expenditure		7p500	92,166		99,666	77,329
Total expenditure		243,416	425,375	92,196	760,987	805,953
5.SUPPORT COSTS
					2020	2019
					f	f
Staff costs and related expenditure					19,262	9,669
Property and related costs					24,714	26,779
Office expenses					10,408	18,178
Legal and professional					499	1,016
Marketing and PR					18,066	42,288
ITcosts					17,249	14,722
Governance costs					2,000	2,421
					92,198	115,073

6.STAFF C	OSTS
			2020	2019
			f	f
Wages and	salaries		221,787	219,589
Employer's	National	Insurance	16,951	18,368
Employer's	pension	contributions	4,678	3,728
			243,416	241,685

8.NET MOV	EMENT IN F	UNDS FOR THE YEAR
			2020	2019
The net movement in funds for the year is stated after charging:			E	E
Depreciation	ofowned fixed assets		4,402	6,389
Operating lease payments		—office rental
Independent	Examiner's	remuneration	2,000	1,906
Independent	Examiner's	fees for other services	400	386

		2020	2019
Office, ITand musical	equipment	E	f
Cost
Brought forward		29,062	25,425
Additions		3,064	3,637
Disposals		(6,814)
Carried forward		25,312	29,062
Depreciation
Brought forward		22,882	16,493
Charge for the year		4,402	6,389
Depreciation relating	to disposals	(6,814)
Carried forward		20,470	22p882
Net book value
As at 31August 2020		4,842	6,180
As at 31August 2019		6,180	8,932
11:STOCK
		2020	2019
Stock of CDs held for	resale	2,963	2,844
12: DEBTORS
		2020	2019
Trade debtors		2,460	34,333
Prepayments		11,047	23,001
Accrued income		14,519	6,500
Theatre and Orchestra	Tax Relief	122,416	59,781
Gift aid receivable		14,335	1,146
Other debtors		4,542	2,813
		169,319	127,574

13: CREDITORS	'. AMOUNTS FALLING DUE WITHIN ONE YEAR
		2020	2019
			f
Trade creditors		6,462	19,526
Accruals		22,875	17,254
Other taxation	and social security	2,776	6,208
Deferred income			4,594
Other creditors		1p315	2,301
		33,428	49,883

		Balance at				Balance at
		1September				31August
		2019	Income	Expenditure	Transfers	2020
			f	f
Performance	and artist funds	25,053	108,244	(72,316)		60,981
Educational	projects funds	11,329	26,000	(27,350)		9,979
		36,382	134,244	(99p666)		70,960

15:GENERAL	AND DESIGNATED FUNDS
		Balance at				Balance at
		1September				31August
		2019	Income	Expenditure	Transfers	2020
			E	E
General funds;
Unrestricted	funds	186,058	539,232	(611,870)	71,707	185,127
Designated funds:
Fixed assets	fund			(4,402)	9,244	4,842
Office move	fund	15,000		(1,315)	(13,685)
Recordings	fund	70,000	1,000	(43,734)	(27,266)
MOZART 250 project fund		60,000			(30,000)	30,000
Touring fund		30,000			(10,000)	20,000
		175,000	1,000	(49,451)	(71,707)	54,842
		361,058	540,232	(661,321)		239,969

Current	year	Restricted	Unrestricted		Tota I
			Designated	General
		Funds	funds	funds	Funds
		2020	2020	2020	2020
				F.	E
Tangible	fixed assets			4,842	4,842
Current	assets	70,960	54,842	213,713	339,515
Creditors	due within one year			(33,428)	(33,428)
		70~960	54842	185127	310~929
Prior year		Restricted	Unrestricted		Total
			Designated	General
		Funds	funds	funds	Funds
		2019	2019	2019	2019
		E		E	E
Tangible	fixed assets			6,180	6,180
Current	assets	36,382	175,000	229,761	441,143
Creditors	due within one year			(49,883)	(49,883)
		36,382	175,000	186p058	397,440