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|||Page|
|---|---|---|
|Trustees'
report||1-7|
|Statement
of trustees'|responsibilities||
|independent
auditor's|report|9-11|
|Statement
of financial|activities|12|
|Balance sheet||13|
|Statement ofcash flows||14|
|Notes to the financial|statements|15-25|
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|||||Unrestricted|Restricted|Total|Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds|||funds|funds||
||||Notes|2022
f|2022f|2022
f||2021|2021f|2021
f|
|Income an
en||owmen|s fro||||||||
|Donations
and legacies|||3|126,951|355,962|482,913||118,208|290,394|408,602|
|Charitable
activities|||4|62,857||62,857||884||884|
|Other income|||5|136||136||6,160||6,160|
|Totallncome||||189,944|355,962|545,906||125,252|290,394|415,646|
|~Ex en
i~it|||||||||||
|Raising funds||||||||297||297|
|Charitable
activities|||7|194,795|363,082|557,877||107,672|267,645|375,317|
|Total expenditure||||194,795|363,082|557,877||107,969|267,645|375,614|
|Gross transfers|between||||||||||
|funds||||||||(16,891)|16,891||
|Net (expenditure)/income|||for||||||||
|the year/|||||||||||
|Net movement|in funds|||(4,851)|(7,120)|(11,971)||392|39,640|40,032|
|Fund balances|at|1 April|2021|848,336|77,900|926,236||847,944|38,260|886,204|
|Fund balances|at 31 March||||||||||
|2022||||843,485|70,780|914,265||848,336|77,900|926,236|
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||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||5||
|Fixed assets|||||||||
|Tangible assets||||||942,939||944,719|
|Current assets|||||||||
|Debtors||||12|68,049||29,071||
|Cash at bank and||in|hand||88,061||117,700||
||||||156,110||146,771||
|Creditors:|amounts||falling due within||||||
|one year||||14|(104,854)||(58,557)||
|Net current|assets|||||51,256||88,214|
|Total assets less||current liabilities||||994,195||1,032,933|
|Creditors:|amounts||falling due after||||||
|more than|one year|||16||(79,930)||(106,697)|
|Net assets||||||914,265||926,236|
|Income funds|||||||||
|Restricted|funds|||||70,780||77,900|
|Unrestricted|funds|||||843,485||848,336|
|||||||914,265||926,236|
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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
||||||Notes|8||8|
|Cash flows from operating|||activities||||||
|Cash generated
from operations|||||18||36,634||
|Investing|activities||||||||
|Purchase|oftangible
fixed|assets||||(40,583)||(29,784)|
|Net cash|used in Investing||activities||||(40,583)||
|Financing|activities||||||||
|Repayment|of borrowings|||||(1,619)||34,003|
|Repayment|of bank loans|||||(22,508)||(22,932)|
|Net cash|(used in)/generated|||from|||||
|financing|activities||||||(24,125)||
|Net (decrease)/Increase||in|cash and cash||||||
|equivalents|||||||(28,074)||
|Cash and|cash equivalents||at beginning||ofyear||117,700||
|Cash and|cash equivalents||at|end of|year||88,061||
|CASH FLOW OUT OF BALANCE BY:|||||||1,686||
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|Depreciation
is recognised so as to writs off the cost or valuation
ofassets less their residual|Depreciation
is recognised so as to writs off the cost or valuation
ofassets less their residual|Depreciation
is recognised so as to writs off the cost or valuation
ofassets less their residual|values over their|
|---|---|---|---|
|useful lives on the following bases:||||
|Leasehold
improvements|Over useful economic life of50years|||
|Office equipment|25% reducing|balance||
|Fixtures and fittings|25% reducing|balance||
|General equipment|25% reducing|balance||
|Motor vehicles|20% on cost|||
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2022|2022|2022|2021|2021|2021|
||||E||E|||E|
|Donations|and|gifts|49,908|90,167|140,075|33,735||33,735|
|Grants|||77,043|265,795|342,838|84,473|290,394|374,867|
||||126,951|355,962|482,913|118,208|290,394|408,602|
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|||||||Core|Core|
|---|---|---|---|---|---|---|---|
|||||||Activities|Activities|
|||||||2022|2021|
|||||||E|E|
||Bistro and||catering||income|4,504|235|
||Auditorium||and|room hire fees||51,835|649|
||Music school lessons|||||6,518||
|||||||62,857|884|
|5|Other Income|||||||
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||2022|2021|
|||||||E|E|
||Sundry|income||||136|6,160|
|6|Raising funds|||||||
|||||||Total|Unrestricted|
||||||||funds|
|||||||2022|2021|
|||||||E|E|
||Fundralsin||and||ub icii|||
||Other fundraising|||costs|||297|
||||||||297|
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||||||||||Core|Core|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Activities|Activities|
||||||||||2022|2021|
||||||||||E|E|
|Staff costs|||||||||205,642||
|Depreciation||and impairment|||||||43,928|42,183|
|Charitable|expenditure||||||||230,682|241,255|
||||||||||480,252|283,438|
|Share ofsupport costs (see||||note 8)|||||73,125|87,679|
|Share ofgovernance|||costs|(see note|8)||||4,500|4,200|
||||||||||557,877|375,317|
|Analysis|by|fund|||||||||
|Unrestricted||funds|||||||194,795|107,672|
|Restricted|funds||||||||363,082|267,645|
||||||||||557,877|375,317|
|Support costs|||||||||||
|||||Support||Governance|2022|Support|Governance|2021|
|||||costs||costs||costs|costs||
||||||E|||E|E||
|Staff costs||||73,125|||73,125|87,679||87,679|
|Audit fees||||||4,500|4,500||4,200|4,200|
|||||73,125||4,500|77,625|87,679|4,200|91,879|
|Analysed|between||||||||||
|Charitable|activities|||73,125||4,500|77,625|87,679|4,200|91,879|
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|The average|monthly|number ofemployees|during|the year was:|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||Number|Number|
||||||20||
|Employment|costs||||2022|2021|
||||||6|6|
|Wages and|salaries||||278,767|87,679|
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|12|Debtors||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Amounts
falling due|within|one year:||8|8|
||Trade debtors||||31,588|233|
||Amounts
owed by fellow group undertakings||||36,461||
||||||68,049|233|
||||||2022|2021|
||Amounts
falling due|after more than one year:|||8|f|
||Amounts
owed by subsidiary||undertakings|||28,838|
||Total debtors||||68,049|29,071|
|13|Loans and overdrafbr||||||
||||||2022f|2021
8|
||Bank loans||||91,651|114,157|
||Loans from fellow group undertakings||||33,600|35,219|
||||||125,251|149,376|
||Payable
within one year||||45,321|42,679|
||Payable after one year||||79,930|106,697|
|14|Creditors: amounts|falling due within one year|||||
||||||2022|2021|
|||||Notes|||
||Bank loans|||13|25,896|22,135|
||Other borrowings||||19,425|20,544|
||Trade creditors||||52,580|11,678|
||Other creditors||||2,153||
||Accruals and deferred|income|||4,800|4,200|
||||||104,854|58,557|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Notes||6|6|
|Bank loans|||||13|65,755|92,022|
|Other borrowings||||||14,175|14,675|
|||||||79,930|106,697|
|Analysis of net assets|between|funds||||||
||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2022|2022|2022|2021|2021|2021|
|||6|f|6|2|f|f|
|Fund balances at 31||||||||
|March 2022 are||||||||
|represented
by:||||||||
|Tangible assets|942,939|||942,939|944,719||944,719|
|Current
assets/(liabilities)||51,256||51,256|88,214||88,214|
|Long term liabilities||(79,930)||(79,930)|(106,697)||(106,697)|
||914,265|||914,265|926,236||926,236|
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|18|Cash generated|from|operations|operations|||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||8|E|
||(Deficit)/surpus
for the||year||||(11,971)|40,032|
||Adjustments
for;||||||||
||Depreciation
and|impairment||oftangible|fixed assets||43,928|42,183|
||Movements
in working||capital:||||||
||(Increase)/decrease
in||debtors||||(38,978)|62,574|
||Increase/(decrease)
in||creditors||||43,655|(51,504)|
||Cash generated|from|operations||||36,634|93,285|
|19|Analysis
ofchanges||In net|(debt)/funds|||||
|||||||At 1April 2021|Cash tlowsAt 31 March 2022||
|||||||8|f|8|
||Cash at bank and|in hand||||117,700|(29,639)|88,061|
||Loans falling due|within|one|year||(42,679)|(2,642)|(45,321)|
||Loans falling due|after|more|than one year||(106,697)|26,767|(79,930)|
|||||||(31,676)|(5,514)|(37,190)|