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|||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|
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|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|||||
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||||||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|
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|||||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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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|||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|
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|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|
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|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|
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