OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

CONTENTS
Page
Legal and administrative information
Trustees'
annual
report		 2-8
Independent auditor's report 9-12
Statement of financial activities 13
Statement of cashflows and reconciliation ofnet debt 124
Balance sheet 15
Notes to the financial statements 14-27

Charity number Charity number Charity number 1072627
Company number 03448894
Governing document The Company
is governed
and articles ofassociation.		 by iis memorandum
Known as The Conservatoire
Registered and
Principal Office 19-21 Lee Road
Blackheaih
London
SE39RQ
Auditors Knox Cropper LLP
65Leadenhall Street
London
EC3A 2AD
Bankers Barclays
Level 27, 1 Churchill Place
London
E145HP
Current Trustees Theano Sakkas —Chair
Jane Burton
Clare Comwell
Nathan
Homan
Katrina Shenton
Emma Smillie
Executive Director Kay Sandford-Beal
Website https://www.
cons ervatoire. org.		 uk

he follo
elow.		 wing trustees
held office betw		 een
1 September 2020 and the date of thi		 s report, unless ot
Name Date Appointed Date Resigned
Jane Burton
Clare Cornwell 16December 2020
Joanne Harrison 31 August 2021
Nathan Homan
Theano Sakkas
Katrina Shenton
Emma Smillie

Unrestricted Restricted Total Total
Notes Fundsf Funds
Z		 2021f 2020f
Income from
Donations
and legacies		 2 36,195 36,195 60,437
Charitable
activities		 2 1,364,202 1,364,202 1,163,139
Other trading activities 2 867 867 13,000
Total income 1,365,069 36,195 1,401,264 1,236,576
Expenditure
on
Charitable
activities		 1,198,012 29,192 1,227,204 1,291,157
Raising funds
Total expenditure 3 1,198,012 29,192 1,227,204 1,291,157
Net Income/(expenditure) 167,057 7,003 174,060 (54,581)
Transfers
between funds
Net movement
in funds/(deficit)		 167,057 7,003 174,060 (54,581)
Reconciliation offunds
Total funds/(deficit)
at		 1 September (52,089) 24,147 (27,942) 26,639
Total funds/(deficit) at 31August 13 114,968 31,150 146,118 (27,942)

Notes 2021 2020
Fixed assets
Intangible asset
Tangible assets 1,529,910 1,586,496
Current assets 1,529,910 1,586,496
Debtors
Cash at bank and		 in hand 8 164,103
639,762		 91,066
389,225
Creditors: amounts falling 803,865 480,291
due within one year 9 (591,562) (441,049)
Net current assets 212,303 39,242
Total assets less current
liabilities 1,742,213 1,625,738
Creditors: amounts falling
due after more than one
year 10 (1,596,095) (1,653,680)
Net assets/(liabilities) 146,118 (27,942)
Represented
by:
Unrestricted
Funds		 13
General
Fund
Revaluation
Reserve		 (427,761)
542,729		 (600,654)
548,565
114,968 (52,089)
Restricted Funds 13 31,150 24,147
31,150 24,147
Total surplus(deficit) 146,118 (27,942)

l life.
Freehold
Suildings		 -1%on cost
Improvements
to Property		 -5%on cost
Computer
Equipment		 -25% on cost
Musical Instruments - 10%on cost
Furniture
and Equipment		 - 10%on cost

Unrestricted Restricted Total Total
2021 2021 2021 2020
6 f 6 6
Donations
and legacies:
Donations 36,195 36,195 60,437
36,195 36,195 60,437
Charitable
activities:
Course income 906,637 906,637 1,040,743
Grant income 375,535 375,535 28,021
Rental income 68,427 68,427 76,620
Other Income 13,603 13,603 17,755
1,364,202 1,364,202 1,163,139
Other trading activities
Rental income 867 867 13,000
Total income 1,365,069 36,195 1,401,264 1,236,576

xpenditure
Total 2021 Total 2020
6 8
Costs directly allocated to activity
Tuition costs 552,325 587,144
Other costs 17,695 22,451
Supportcosts
Staff costs 354,371 329,637
Office costs 55,133 51,950
Outreach costs 14,117
Marketing
and publicity costs		 18,290 22,634
Premises costs 79,949 76,700
Professional
fees		 20,740 33,763
Finance costs 62,668 66,194
Depreciation 58,833 79,487
Governance 7,200 7,080
Total expenditure 1,227,204 1,291,157

4 Operating
profit
This is stated after charging: 2021 2020
6 6
Trustees emoluments
Auditor's
remuneration		 (inc VAT) 7,200 7,080
Depreciation
oftangible		 and intangible assets 58,833 79,487
5 Staff costs
2021f 2020
6
Wages and salaries 344,206 316,440
Social security costs and pension costs 10,165 13,197
354,371 329,637
The average head count of staff employed
during the year was:
2021 2020
No No
Charitable
activities		 23.25 21.33

CD
V x'
m0
m
(D
(A
Gl
N
M e
N
CL S
m
C
0
CD
g 0.
0
M CL
00
(D0
S 0
N		 C(0
N
DJO
hJ
CI		 DJ
C
(0
N
Icc
Q
Icl		 2
3'
0'
0
DC
C
Dl
C
Gl		 LJ
C
(0
(DC
O		 n&
ID
(2
CD
CD
(D
0
m3
w 0
CD
GI
V M
m Q
IclO		 0
'D
e0
0		 DJ
(0CN
IIJ
CI
Icl		 g2 &
Dl
CL
0 —CO
N 0
(D
m
(D N
m30'
Gl
DJO
DJ
CI		 g2 &
Dl
CL
0 —CO
N 0
(D
m
(D N
m30'
Gl
DJO
DJ
CI		 n
D
C
Dl
0		 Dl
GD0'
Gl
Glo.
Dl
N
Gl
Gl
N		 ~ rn
g Ill
Ill W
WO
rn w
Wz
m rn
mZ
X2
z~
Uo
OG~P
C+ CO
(gc 0
CD 9
~ rn		 +r
00
OO
zZ
~m
Z
Kp
HZ
rn rir
O rn~(
a~~
CO
ID
8
N
CJ
Gl
Dl
v 0
N
(0 Gl		 Icl
IIJ
CIOO		 DJ
Cl
Co
O
CIO		 DJOO
CI		 V
4
CD
O Q
Q O
O O		 CI
CI
CI
CI		 4CI
CI
O
CI
CI		 'g 'll
oe
D Z
g 0
V
CL		 O
M IllZ
III		 gm
mm&
~C
lO
Dl
Gl
Dl
ID 0
C
CL
(D 0
O.
CD
0.o
V
N		 4.
IZI
CI
CD
(0		 CD O
IIJ V		 (0
Cu
CD
DJ		 3
0 'O
~o
o»e
e3
I
Gl
V
Dl		 O
X
O
Z
rn
Dl
rT
2
CD
m0
m
C
V (D
Dl 0.0
N V
Dl
Dl		 In C
'c F
3
Gl
CL		 M
I
R
Gm
"V (L
CD 0
QOO (Ct
o m
3' 0
0
"n
3 o
0
(D N
m
DJ Q
O N
cD 0		 CI4
Vl
I
CJI
CD
O		 O
DI
Ul
CJI
(D
CI		 'll
ll
JC
f GlN
N
ID
CL
Po Q
Dr c
C N
3 0'
e
Dl		 O
(D Dl CJI Gl
N
3
(D
0
CL
000		 CD
'V
CL
DIO		 CD
c
CD		 mn
co-3
'O ~
3 c
Gl
(D
V
Cfl
CD
(D		 0
Z0
(D		 h&
JL
V		 CD
CD
V		 Dl

Secured loans 2021 2020
6
Bank loan
Other loan 1,453,680 1,472,432
1,453,680 1,472,432

Analysis of net assets between funds Analysis of net assets between funds Analysis of net assets between funds Analysis of net assets between funds Unrestricted
Restiicted
Total		 Unrestricted
Restiicted
Total		 Unrestricted
Restiicted
Total		 Total
Fund balances are
Tangible/intangible
Current assets
Total liabilities		 represented
fixed assets		 by: Funds
f
Funds
2021
f
f
1,529,910
772,715
(2,187,657)
1,529,910
31,150
803,865
(2,187,657)		 2020f
1,586,496
480,291
(2,094,729)
114,968 31,150
146,118		 (27,942)
Movement
in funds		 Net Transfer
Movement Between
Unrestricted
funds		 B/fwdf in Funds
f		 Funds
f		 C/fwdf
General fund
Revaluation
reserve		 (600,654)
548,565		 167,057 5,836
(5,836)		 (427,761)
542,729
Total unrestricted
funds		 (52,089) 167,057 114,968
Restricted funds
Developing
Young Potential
Outreach
Fund		 Fund 24,147 7,003 31,150
Total restricted
funds		 24,147 7,003 31,150
Total funds (27,942) 174,060 146,118

2021
6		 2020f

Unrestricted Restricted Total Total
Income and Expenditure account - 2020 Notes Funds Funds 2020 2019
6 6 6
Income from
Donations
and legacies		 2 16,108 44,329 60,437 57,409
Charitable
activities		 2 1,131,858 31,281 1,163,139 1,442,827
Other trading activities 2 13,000 - 13,000 28353
Total income 1,160,966 75,610 1,236,576 1,528,589
Expenditure
on
Charitable
activities		 1,246,020 45,137 1,291,157 1,478,977
Raising funds
Total expenditure 3 1,246,020 45,137 1,291,157 1,478,977
Net (expenditure)/income (85,054) 30,473 (54,581) 49,612
Transfers
between funds		 34,284 (34,284)
Net movement
in (deficit)/funds		 (50,770) (3,811) (54,581) 49,612
Reconciliation
offunds
Total (deficit)/funds
at 1 September		 (1,319) 27,958 26,639 (22,973)
Total (deficit)/funds
at 31		 August 13 (52,089) 24,147 (27,942) 26,639

Incoming resources - 2020
Unrestricted Restricted Total
Income from 2020
f		 2020
6		 2020
6
Donations
and legacies		 16,108 44,329 60,437
16,108 44,329 60,437
Charitable
activities:
Course income 1,040,743 1,040,743
Rental income 76,620 76,620
Other Income 14,495 31,281 45,776
1,131,858 31,281 1,163,139
Other trading activities
Rental income 13,000 13,000
1,160,966 75,610 1,236,576
Analysis ofnet assets between funds -2020 Unrestricted Restricted Total
Funds
f		 Funds
6		 2010
6
Fund balances are represented by:
Tangible fixed assets
Current assets
Total liabilities		 1,586,496
456,144
(2,094,729)		 24,147 1,586,496
480,291
(2,094,729)
(52,089) 24,147 (27,942)

Movement in funds 2020 funds 2020 Net Transfer
Movement Between
B/fwd in Funds Funds C/fwd
8 8 8 6
Unrestricted funds
General fund (555,720) (50,770) 5,836 (600,654)
Revaluation reserve 554,401 (5,836) 548,565
Total unrestricted funds (1,319) (50,770) (52,089)
Restricted funds
Developing Young Potential Fund 26,502 (2,355) 24,147
Piano Fund 1,456 (1,456)
Capital Works Fund
Total restricted funds 27,958 (3,811) 24,147
Total funds 26,639 (54,581) (27,942)