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||||Page|
|---|---|---|---|
|Trustees'|report||1-6|
|Statement|oftrustees'|responsibilities||
|Independent
auditor's||report|8-10|
|Statement|of financial|activities||
|Balance sheet|||12|
|Statement|ofcash flows||13|
|Notes to|the financial|statements|14-25|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2023
f|2023
f|2023f|2022
f|2022
F|2022
f|
|d endowments|||from||||||
|Donations
and|||||||||
|legacies||3|144,042|356,488|500,530|126,951|355,962|482,913|
|Charitable
activities||4|116,335||116,335|62,857||62,857|
|Other income||5|6,758||6,758|136||136|
|Total Income|||267,135|356,488|623,623|189,944|355,962|545,906|
|~Ex t~en
it nirtrn|||||||||
|Chaditable
activities||6|287,488|356,051|643,539|194,795|363,082|557,877|
|Net (expenditure)/Income|||||||||
|for the year/|||||||||
|Net movement|In funds||(20,353)|437|(19,916)|(4,851)|(7,120)|(11,971)|
|Fund balances|at 1 April||||||||
|2022|||843,485|70,780|914,265|848,336|77,900|926,236|
|Fund balances|at 31||||||||
|March 2023|||823,132|71,217|894,349|843,485|70,780|914,265|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f||f||
|Fixed assets|||||||||
|Tangible assets||||||948,017||942,939|
|Current assets|||||||||
|Debtors||||12|138,033||68,049||
|Cash at bank and||in|hand||3,511||88,061||
||||||141,544||156,110||
|Creditors:|amounts||falling due within||||||
|one year||||14|(126,456)||(104,854)||
|Net current|assets|||||15,088||51,256|
|Total assets less||current liabilities||||963,105||994,195|
|Creditors:|amounts||falling due after||||||
|more than|one year|||16||(68,756)||(79,930)|
|Net assets||||||894,349||914,265|
|Income funds|||||||||
|Restricted|funds|||||71,217||70,780|
|Unrestricted|funds|||||823,132||843,485|
|||||||894,349||914,265|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|8||f||
|Cash flows from operating|||activities||||||
|Cash (absorbed
by)/generated|||from|18|||||
|operations||||||(4,282)||35,069|
|Investing|activities||||||||
|Purchase|oftangible
fixed assets||||(55,980)||(40,583)||
|Net cash used In Investing|||activities|||(55,980)||(40,583)|
|Financing|activities||||||||
|Repayment|of borrowings||||(879)||(1,619)||
|Repayment|ofbank loans||||(23,409)||(22,506)||
|Net cash|used in financing||activities|||(24,288)||(24,125)|
|Net decrease
In cash and||cash equivalents||||(84,550)||(29,639)|
|Cash and|cash equivalents|at beginning||ofyear||88,061||117,700|
|Cash and|cash equivalents||at end of|year||3,511||88,061|
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|Depreciation
is recognised so as to writs offthe cost or valuation
ofassets less their residual|Depreciation
is recognised so as to writs offthe cost or valuation
ofassets less their residual|Depreciation
is recognised so as to writs offthe cost or valuation
ofassets less their residual|values over their|
|---|---|---|---|
|useful
lives on the following bases:||||
|Leasehold
improvements|Over useful economic life of50years|||
|Offic equipment|25% reducing|balance||
|Fixtures and fittings|25% reducing|balance||
|General equipment|25% reducing|balance||
|Motor vehicles|20% on cost|||
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|||Al|W|CA|CO||
|---|---|---|---|---|---|---|
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||||Core|Core|
|---|---|---|---|---|
||||Activities|Activities|
||||2023|2022|
|||||6|
|Bistro and|catering|income|9,390|4,504|
|Auditorium|and room hire fees||101,476|51,835|
|Music school lessons|||5,469|6,518|
||||116,335|62,857|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||f|E|
|Other|income|6,758||
|Sundry|income||136|
|||6,758|136|
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|||Core|Core|
|---|---|---|---|
|||Activities|Activities|
|||2023f|2022
f|
|Staff costs||216,501|205,642|
|Depreciation
and impairment||50,900|43,928|
|Programme
expenses||47,798|64,277|
|Repairs and renewals||11,236|9,397|
|Light and heat||12,674|6,601|
|Telephone||921|1,462|
|Rent and rates||28,613|22,365|
|Property costs||25,159|21,945|
|Insurance||10,086|10,885|
|Staff costs||10,072|19,183|
|Facilitators fees||59,430|64,852|
|Legal and professional|fees|9,950|3,046|
|Motor costs||1,693|447|
|Finance costs||6,615|6,222|
|||491,648|480,252|
|Share of support costs (see note 7)||146,748|73,125|
|Share ofgovernance|costs (see note 7)|5,143|4,500|
|||643,539|557,877|
|Analysis
by fund||||
|Unrestricted
funds||287,488|194,795|
|Restricted funds||356,051|363,082|
|||643,539|557,877|
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|SUpport|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2023|Support|Governance|2022|
|||costs|costs||costs|costs||
|||f|f|||||
|Staff costs||146,748||146,748|73,125||73,125|
|Audit fees|||5,143|5,143||4,500|4,500|
|||146,748|5,143|151,891|73,125|4,500|77,625|
|Analysed|between|||||||
|Charitable|activities|146,748|5,143|151,891|73,125|4,500|77,625|
##
|The average|monthly
number ofemployees
during
th|e year was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|||21|20|
|Employment|costs|2023|2022|
|||f|8|
|Wages and|salaries|363,249|278,767|
##
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##
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|12|Debtors|||||||
|---|---|---|---|---|---|---|---|
||Amounts
falling due|||within one year:||2023
f|2022f|
||Trade debtors|||||94,644|31,588|
||Amounts
owed by fellow group undertakings|||||4,270|36,461|
||Prepayments|and accrued income||||39,119||
|||||||138,033|68,049|
|13|Loans and overdrafts|||||||
|||||||2023|2022|
|||||||f|f|
||Bank loans|||||68,242|91,651|
||Loans from fellow group undertakings|||||32,721|33,600|
|||||||100,963|125,251|
||Payable
within|one year||||32,207|45,321|
||Payable after one year|||||68,756|79,930|
|14|Creditors: amounts||falling due within one year|||||
|||||||2023|2022|
||||||Notes|f|f|
||Bank loans||||13|26,140|25,896|
||Other borrowlngs|||||6,067|19,425|
||Other taxation|and social security||||42,379||
||Trade creditors|||||33,308|52,580|
||Amounts
owed|to fellow group underlakings||||571||
||Other creditors|||||8,716|2,153|
||Accruals and deferred|||income||9,275|4,800|
|||||||126,456|104,854|
|15|Creditors: amounts||falling due after more than one year|||||
||||||Notes|2023
f|2022f|
||Bankloans||||13|42,102|65,755|
||Other borrowings|||||26,654|14,175|
|||||||68,756|79,930|
##
##
|18|Analysis|of net assets|of net assets|between|funds||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
||||||funds|funds||funds|funds||
||||||2023|2023|2023|2022|2022|2022|
||||||E|E||f|f|E|
||Fund balances||at 31||||||||
||March 2023are||||||||||
||represented
by:||||||||||
||Tangible|assets||891,888||56,129|948,017|942,939||942,939|
||Current|assets/(liabilities)||||15,088|15,088|51,256||51,256|
||Long term liabilities||||(68,756)||(68,756)|(79,930)||(79,930)|
|||||823,132||71,217|894,349|914,265||914,265|
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|18|Cash generated|from|operations|operations||||2023
f|2022f|
|---|---|---|---|---|---|---|---|---|---|
||Deficit for the year|||||||(19,916)|(11,971)|
||Adjustments
for:|||||||||
||Depreciation
and|impairment||oftangible||fixed assets||50,900|43,928|
||Movements
in working||capital:|||||||
||(Increase)
in debtors|||||||(69,982)|(40,543)|
||increase
in creditors|||||||34,716|43,655|
||Cash (absorbed|by)/generated|||from operations|||(4,282)|35,069|
|19|Analysis
ofchanges||In net|(debt)/funds||||||
||||||||At 1Aprit 2022
f|Cash ftowsAt 31 March 2023
f
f||
||Cash at bank and|in hand|||||88,061|(84,550)|3,511|
||Loans falling due|within|one|year|||(45,321)|13,114|(32,207)|
||Loans falling due|after|more|than|one year||(79,930)|11,174|(68,756)|
||||||||(37,190)|(60,262)|(97,452)|
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