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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|
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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||||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|||||
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||||||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|||||
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|||||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)|||
##
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|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|
##
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|||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|
##
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|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|
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|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|
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