2021-08-31-accounts - The Mozartists

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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 tothe Financial Statements		15-25

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				Sir Vernon Ellis
Artistic Director				lan Page
Chief Executive				Deborah Coates
Company	Secretary			Megan Chidlow
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 gr Co.
				Chartered Accountants
				136Kensington	Church	Street
				London
				WB 4BH
Bankers				HSBC Bank PLC
				21 Kings Mall
				King Street
				Hammersmith
				London
				W6 OQF

					2021	2021	2021	2020
					Unrestricted	Restricted
					Funds	Funds	Total	Total
				Notes
Income from:
Donations and grants					283,387	97,906	381,293	490,318
Charitable activities					22,508	257	22,765	120,427
Theatre and Orchestra		Tax	Relief		22,585		22,585	62,635
Bank interest					453		453	1,096
Total income					328,933	98,163	427,096	674,476
Expenditure on:
Raising funds				4	69,435		69,435	113,357
Charitable activities				4	220,562	86,658	307,220	647,630
Total expenditure				5,6	289,997	86,658	376,655	760,987
Net (expenditure)/income			being net		38,936	11,505	50,441	(86,511)
movement in funds
Transfers in/(out)	between		funds		5,888	(5,888)
Net movement in funds					44,824	5,617	50,441	(86,511)
Reconciliation offunds
Total funds brought	forward				239,969	70,960	310,929	397,440
Total funds carried	forward			14,15	284,793	76,577	361,370	310,929

			2021	2020
		Notes	6	E
Fixed assets
Tangible assets			8,641	4,842
			8,641	4,842
Current assets
Stock		10	4p859	2,963
Debtors		11	129,106	169,319
Cash at bank and in hand			269,065	167,233
			403,030	339,515
Creditors		12	(50,301)	(33,428)
Net current assets			352,729	306,087
Total net assets			361,370	310,929
Funds
Designated funds		14	68,641	54,842
General funds			216,152	185,127
Total unrestricted	funds		284,793	239,969
Restricted funds		13	76,577	70,960
Total funds				310,929

			2021	2020
			6	6
Cash flows from operating	activities:
Net income/(expenditure)	for the financial year		50,441	(86,511)
Adjustments to cash flows	for:
Depreciation charges			3,366	4,402
Investment income			(453)	(1,096)
Decrease/(increase) in debtors			40,213	(41,745)
(Increase)in stocks			(1,896)	(119)
Increase/(decrease)in creditors			16,873	(16,455)
Net cash (used in)/generated from operating		activities	108,544	(141,524)
Cash flows from investing	activities
Interest from investments			453	1,096
Purchase oftangible fixed	assets		(7,165)	(3,064)
Net cash used in investing	activities		(6,712)	(1,968)
Net (decrease)/mcrease in	cash and cash equivalents		101,832	(143,492)
Cash and cash equivalents	at the beginning ofthe year		167,233	310,725
Cash equivalents at the end ofthe year
Cash and cash equivalents	at the end ofthe year comprise:
Cash at bank and in hand

				Unrestricted	Restricted	2021
Current year				funds	funds	Tote I
Individual and corporate donations				123,106	61,856	184,962
Trusts and foundations				2,500	36,050	38,550
Government	grants - furlough	scheme		7,575		7,575
Government	grants - Arts Council: Cultural		Recovery Fund	145,206		145,206
Local public	authorities			5,000		5,000
				283,387	97,906	381,293
				Unrestricted	Restricted	2020
Prior year				funds	funds	Total
					6
Individual and corporate donations				323,886	59,957	383,843
Trusts and foundations				2,500	60,921	63,421
Government	grants - furlough	scheme		25,054		25,054
Local public	authorities			5,000	13,000	18,000
				356,440	133,878	490,318

		Unrestricted	Restricted	2021
Current year		funds	funds	Total
				E
Ticket sales and	fee income	8,964		8,964
CD and streaming	income	13,544	257	13,801
		22,508	257	22,765
		Unrestricted	Restricted	2020
Prior year		funds	funds	Total
		6
Ticket sales and	fee income	110,647		110,647
CD and streaming	income	9,414	366	9,780
		120,061	366	120,427

4. EXPENDITURE	BYACTIVITY TYPE
		Staff costs	Non staff	Support	2021
Current year			costs	costs	Total
			E	6	E
Unrestricted funds:
Raising funds		49,111	4,794	15,530	69,435
Charitable activties:
Performance and	recording costs	107,661	62,360	42,936	212,957
Education costs		5,456		2,149	7,605
		113,117	62,360	45,085	220,562
Total unrestricted	expenditure	162,228	67,154	60,615	289,997
Restricted funds:
Charitable activities:
Performance and	recording costs	510	79,744		80,254
Education costs		1,205	5,199		6,404
Total restricted expenditure		1,715	84,943		86,658
Total expenditure		163,943	152,097	60,615	376,655
Prior year		Staff costs	Non staff	Support	2020
			costs	costs	Total
				6	E
Unrestricted funds:
Raising funds		76,708	18,383	18,266	113,357
Charitable actwties:
Performance and	recording costs	151,753	314,323	72,143	538,219
Education costs		7,455	503	1,787	9,745
		159,208	314,826	73,930	547,964
Total unrestricted	expenditure	235,916	333,209	92,196	661,321
Restricted funds:
Chantable activities:
Performance and	recording costs		72,316		72,316
Education costs		7,500	19,850		27,350
Total restricted expenditure		7,500	92,166		99,666
Total expenditure		243,416	425,375	92,196	760,987

5.SUPPO	R	T COSTS
			2021	2020
			E	E
Staff costs		and related expenditure	13,902	19,262
Property	and related costs		18,317	24,714
Office expenses			5,319	10,408
Legal and	professional		1,412	499
Marketing		and PR	6,631	18,066
ITcosts			12,784	17,249
Governance		costs	2,250	2,000
			60,615	92,198

									2021	2020
									E	E
Wages	and	salaries							150,565	221,787
Employer's		National	Insurance						10,069	16,951
Employer's		pension	contributions						3,310	4,678
									163,944	243,416
No employees received emoluments					of more than	E60,000 during 2021or 2020
Average	number of		employees	during	the year (including		staff on furlough)
Average	number of		full time equivalent employees			dunng	the year (including	staff on furlough)

8.NET MOV	EMENT IN	FUN	DS FOR THE YEAR
				2,021	2,020
The net movement in funds			for the year is stated after charging:	E	E
Depreciation	ofowned	fixed	assets	3,366	4,402
Operating lease payments-			office rental	13,200	13,200
Independent	Examiner's	remuneration		2,000	2,000
Independent	Examiner's	fees for other services		400	400

		2021	2020
Office, ITand musical	equipment	E	E
Cost
Brought forward		25,312	29,062
Additions		7,165	3,064
Disposals			(6,814)
Carried forward		32,477	25,312
Depreciation
Brought forward		20,470	22,882
Charge for the year		3,366	4,402
Depreciation relating	to disposals		(6,814)
Carried forward		23,836	20,470
Net book value
As at 31August 2021		8,641	4,842
As at 31August 2020		4,842	6,180
10: STOCK
		2021	2020
			6
Stock of CDs held for	resale	4,859	2,963
11:DEBTORS
		2021	2020
			6
Trade debtors		2,718	2,460
Prepayments		21,854	11,047
Accrued income		20,461	14,519
Theatre and orchestra	tax relief	78,578	122,416
Gift aid receivable		1,365	14,335
Other debtors		4,130	4,542
		129,106	169,319

12: CREDITOR	S: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
		E	E
Trade creditors		13,308	6,462
Accruals		29,668	22,875
Other taxation	and social security	3,537	2,776
Deferred income		2,115
Other creditors		1,673	1,315
		50,301	33,428

		Balance at				Balance at
		1September				31August
Current year		2020	Income	Expenditure	Transfers	2021
			E	6		6
Performance	and artist funds	60,981	98,163	(80,254)	(5,526)	73,364
Educational	projects funds	9,979		(6,404)	(362)	3,213
		70,960	98,163	(86,658)	(5,888)	76,577
		Balance at				Balance at
		1September				31August
Prior year		2019	Income	Expenditure	Transfers	2020
			E	E		E
Performance	and artist funds	25,053	108,244	(72,316)		60,981
Educational	projects funds	11,329	26,000	(27,350)		9979
		36,382	134,244	(99,666)		70,960

14:GENERAL	AND DESIGNATED FUNDS
		Balance at				Balance at
		1September				31August
Current year		2020	Income	Expenditure	Transfers	2021
			E	6		6
General funds:
Unrestricted	funds	185,127	328,933	(286,631)	(11,277)	216,152
Designated funds:
Fixed assets	fund	4,842		(3,366)	7,165	8,641
MOZART 250project fund		30,000				30,000
Touring fund		20,000			10,000	30,000
		54,842		(3,366)	17,165	68,641
		239,969	328,933	(289,997)	5,888	284,793
		Balance at				Balance at
		1September				31August
Prior year		2019	Income	Expenditure	Transfers	2020
			6	6		6
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	Current year	Restricted	Unrestricted		Total
			Designated	General
		Funds	funds	funds	Funds
		2021	2021	2021	2021
		E		E	E
Tangible fixed assets				8,641	8,641
Current assets		76,577	68,641	257,812	403,030
Creditors	due within one year			(50,301)	(50,301)
		76,577	68,641	216,152	361,370
Prior year		Restricted	Unrestricted		Total
			Designated	General
		Funds	funds	funds	Funds
		2020	2020	2020	2020
		E			F.
Tangible fixed assets			4,842		4,842
Current assets		70,960	50,000	218,555	339,515
Creditors	due within one year			(33,428)	(33,428)
		70,960	54,842	185,127	310,929

17. OTHE	R FINANCIAL COMMITMENT	S
				Land and	buildings
				2021	2020
				E	6
At the year end the charity had annual		commitments	under non-cancellable
operating	leases as set out below.
Operating	leases within one year			5,500	5,500
				5,500	5,500