Compan5. reuIs￿lI0rt number.. 389i782 Charirn, registrdlion nutnber." 108?788 London Bach Society (A company limiied by guardntee) Annual ￿t￿rt and Fittsntial Statements for the Year Ended 31 March ?02) IIODSON & CO Wision House I Wi51on Avenue Wonhing Vest Sussex BN147QL London Bach Society Contcnts Reference and Administrative Details Trusiees, Report 2to6 Siaiemeni of Trusiees. Responsibilities Independent Examinerfs Report Stdtefftent of Financial Aaiwiiies 910 10 Balance Shttt Notes to the Financial Siatemenrs 13 to 23 London Bach Society Reference and Administratii'e Details ChairmaD RCBJones Tru5tee5 R J Ftaser. FCA Hon Treasurer RCBJones Mr5 1 L Mackaay P M Smaill Secretary Mrs fvl A Steillitz. Artisiic Director Principal Office Bach House 73 HIJ Street 0X￿d Surrey RH8 9LN Resrstered OffKe Bach House 73 Hi2h Sty¢¢i Surre). cO￿pani. Registration Number 389)78? Charity Registration f4umber 108?788 Independent Ei#miller HODSON & CO Wisrork House I ISIOD Avenue Wonhing Wesi Sussex BN14 7QL London Baeh Society Tru5tees' Report The trustees, who are directors ftbr the puw. es of company lai%', present Ihe annual report tooerher with the I.￿anCIal stdtements of ihe charirable companv (or the N'trdf end¢d i I X1arch ?O?- ObjectiTres and activities Ohjei'ts 4Mdqims The Lharity"'s objeci and principal ac(iSlN' is to edu￿te the public ID the art and science of music and particuldr to foster and promore the undersiandinu lind 41pprecialion of the music t)f Johann Sebasiian Bach a5 Ivell a5 diat of his family. his cOn￿m￿)rantS and any other comF4>Se￿ i%'hose i¥'ork's contribute to surh understandinbT and appreciaiion. Th¢ London Bach Society founded in 1946 and con%ened into a company on 16 Decen)ber 1999. The company rernained domiant unirl l April ?00 l Thhen the business of the old chariTh' Ivas transferred io ihe new company. Objeclives, 51rate%igs andoÉ'lii¥iies Th¢ London Bach s￿iety promoies public concetts. recits15 and other events in 8n annual Bach Festival and througThwt th¢ v¢ar. Public in ?O??.20?3 Lonlillued the grddual recoi'¢ry fr(Trm th¢ effects of Covid-19, Yith a limited ￿r(Omiance output. The raie of recovery. depends ¢)n exiernal factors over whicl) Ive have liirle or no conrrol. -rhe Bach Orchestral Library is awailable lo be used by societies nationi%ide and the Peter Colltn5 pipe continuo orgiln l5 housed by David 11-right, in succession malcol￿ GreenhalfFh. from ii'here it can be hired out lo other music orqanisaiions in benveen our ¢olleert5. These 50urces derivt income io help keep the library in good condition and provide some addilional u)come streams. alihough as the orchestral marerial ￿ noii. available online this is le&$ iha5L hitherto. The Sociity Maintai￿ a 1s'ell-stocK-ed M'ebsiii and is upda￿d daily. consisiints of infomiaiion about the SvLiefv and its evenrs. There are also regular Il'eb PLISls ihat feaiure up (o (he n)inuie news, uploaded artiLles on Telewani ￿￿￿e5 th￿ can focLLS on Bach. the Bach Family. Bach-snfluenced composers. and other relevanL toptC31 subjects. Sieiiiilz Bacli Ploye The only perfomianLe in 101?_?0?3 3 S￿la] Bach ekening (recepiion: recithl and suppeT} ai Langsione Loun Herelordshire on 8 Cktober 20?? ai the In￿l￿10n of LBS Council Chairnian Richard Jonek The recital was given bN' hatPStchordKst Pavel Siwczak". Fuunded in 1968: Ihe Socieii. coniinues to supt4)n a professional periiKI insiNment orchL*tra, Ivhich is a150 resident ai the atlnual lestival. There is rto pemianeni dtrecior_ This arrangement provides Ihe fleKibilil) to vffer the platlotm lo a varieN ot directing talen¢_ "I"he orchesira manauei 15 Philippa Broil￿$￿￿[d, iTrho is also Concert5 Manauer at public perfoTman£es_ I"he SBP is.as lounded io enhance tnodern Bach 5¢holarship in -IEve' pcrlorrnances, and this purposL' continues io iftiluence pro(￿7 tnmtnu today in tandem }￿th creatinu first Bach experiences for N'oung people. Due ro the pandemic. Ihe orcht5tra"5 public concert5 were unable to be presented in 20?2.20?i as the annual Bachfesi i¥as either cancelled or rediKed. HoTrveYer. in March ?O?I, the SBP featured in onc of the filmed provrammes thai ii.ere eventtjally put online. addinu a ne1￿ perfortnancc platform and much needed work- for our musicians. Ilie So¢i¢pJ"s Journal "Bach NO￿5- is published IM)th prinied and email version& dtstribut¢d fr¢¢ to the Swieiy's Bach Friend5. 5Lippoiiers aTrd placed in libraries and oiher appropriate venues. Copies are also aNailable 10 doi*iLload troFn the ivebsiie. Due to the pandemic preveniin¥T a public distribuiion of the JourMI in September ?0?? an edition published for doiwjloading from the Ivebsi￿ ond emailed ro all on our lisis. Ihis is a temEx)rary arrangement to be rtviei%ed wsi pandemic. London Bach Soeieh" Tru5te¢s' Report Friends The gryowing Bach Friends donor Scheme launched in Match ?013 cofftpleied 115 ien(h year and has provided an improved donor and Gift Aid re%enlle oi"erall. Bach Friends 15 opeIi lo evefione, Iviih donor opportunitie5 ￿ the range £iO 10 £ 1,000 per ar￿alln. It a150 include5 a provi5iOD for Youno Bach Friends io Join at £?0. In*iiations to renew are issued annually. The tsrget of £ l O,(MM)+ per atmum trom Bach Priends donations rcmains. These donaiions continued 10 be receiN'ed in 5Plte of the loss of public concens: r¢cita15 eic due to Co*id-19 lockdow￿5. HoiTrever, the £IO.000 Èarvei ivas uot met. T]ustees ivere mindful of ihe challcnuinrw fmancial climate preTr'ailin(T and that maintainino re2ular ourpui of publi¢ actiVl4' 15 K-ey io the amction of morl Bach Friends. The online filmed rttitals made in March 20? I came some iva), ro kecpinu u5 Nisible and in touch ivhen launthed. Euch Cliih The noii, Ivell-esiablished 18-30 Bach Club provi(ks fr*r funjre generations as w of ihe Society's audience development proiyramme and commitmlnt io divLrsity. N'o Club concert5 Ivere presenied tn 202?_20?3 due to rther Covid-19 rcstriciions. Siraiegic Forw￿ld P114nning The tNSIe￿ coniinutd to suptM)rt ihe Strdiegic Plan enritled '"Upivatds and oUts¥￿d5' and this prevailed durin 2022.?OJ? in spite of Ihc pandcmic Covid-19 induced lockdoi%Trs. Forriard plannin& financial and artislK, 1$ the central item on Ihe Aitenda lor each Council fvleering as prorninent concert halls continue to plan ever funher ahead and the cOm￿till0n for Trusi fiu)ds becomes e%'er grrater. After a revie1¥, and depanini? frlim the griuinal s1rat￿TY 10 Pfotnote atll)uallv ai Si. John"s Smith Square. a mi.¥ of venues is now considered and used Ivhere appropri from the concert platfom) but also on a Jay-to-day b￿ls. Th¢ enhancemeni of this fomis part of the annual PrO￿￿[￿e uf ivurk" tu devtlop the SvL]e￿5 activities and chariiable purpose. The trustee5 hav¢ gI￿n due consideraiion to the quidance contained ￿ the Charity Conuni5SjOIi'5 generdl fluidance on public benefii when rL'viei*in(T our aim5 and obje£tive5 aDd ￿ plaDDiniF our future acrivities. The tru¥tees confirm thai they have complied i*"ith the requirements of staion 4 of the Charities Act ?0 I l io hav¢ due regard to the public benefit guidance published by the Clwity Cotnlliission for England and Wale5. FinaDeial reTrie Gol'eMrne￿t Culture Recovery Fund Ai¥ard A bid for an aivdrd ivas submiiied in Augusi ?O!O and the 5urn of £)0:0￿ aiyarded on l? October 20?0 for use by i l March ?0? l. This aivard io enable the Society io continue thiouuhout thc pandemic and lockdow￿5, ornot¢ a projecr: sei up a cash reseThe and create an onlinc platfotrn. The filn)cd PTOjCCi consisted of four teci1319 and an introducrion and in*r¥ieii film. Four out of the fil'e filTtLS ii.cie made ITr March ?0? l ￿nd the iernaininu chamber niusic reciral ilas due io ￿ filTned and COTnplLied in April ?0? l. Thc Society il'as oranted an extension by Ans Council England unril )0 June ?0? l in order TO faeiliiaie the filmed project's completion. Isee Noie 16 Notes io the Financial SiaiLmenLS). Under the ieTms of the award, Ihe fundints ol core costs enabled the Socictv to remain paniall), open durints the pandemic and on thrtsuuhout ?0?2-?0?" A further £2i,QOO was aivarded in ?O?1-2022. London Bach Soeielv Trustees, Report PoliLy reserve.¥ The tnLStees have eAamini7d Ihe charit) s requirement5 for reserves in light of the main risks 10 the organi5atioll. The trLLStees iThill CODrinuc io rLVie￿. rhe financial affairs of the charirn ii'iih th¢ aim io increase incorne, monitor costs and to improve oi'erall conirol of ils o￿Tations. The majori￿. of c05ts incurred by the cliaritv 3re cither relaitd tv ch￿￿?table aci1viti￿ or suprrt)n cosis. The ffijsiees trv LO cn5ure thai any actii'ities undertaken. includinu conctrts and perfomwices. are fijlly funded. However, the trustees have agreed that the Chariry should aim lo maintain llllreslricied reseTh'es routhlv equivalent to Ihree rnOTtths' njnninu Costs lannudlisedl ordei to uuard against risk. LU)eipec*d fluen￿lOn5 in incume or other eTner¥encies. as H'ell d5 meetinij any obliuations iR the even( of ¢losure_ The sum 01 £800 ¥%as allordied to Cash Reserves in ?O??.?O?i t(} raise the total ke5erve5 10 £i,000. The trustees consider iha the present level of fut￿l[l(j ivill be adequate to support the continuation of the charity and for it to ￿lfil its obli?aiion5. I￿V￿me￿Ip01ie￿ ottdttbjtclivef Ihe obj¢cl ot the company auihorises it to illvest and our ch￿ily,$ accounts LarTied oui under section 147 of the Chariiies Aci ?01 I l-the ?01 l Aci'}. In Carryin￿ out my exaTninalion I hal'e tollo￿"ed ihe DiTettion5 giN'en bv the Charin. Commission under section 14i{i)jb} of the 2011 Aci. Independent examiner'5 5taternent I have Lonipleied m) ¢laMin￿lOn. I confim) no mattels hav¢ come to m) attention in conneciion with the eknimitLation gI￿l￿g tn¢ rause to ￿lIeVe- l. acc(Junting records were not kept in re5EKCt of London Bach Sociw as required by section 386 of the 20Q6 Act.. or 2. tlie accounts do noi accord ivÈth those records,. or 3. the acLount5 do noi complv ivirh the accountin requirements ol seclion 396 ot the ?006 Acl other thaD any requirerTrent thai she accounrs oive a 'true and fair ivhich is t￿t a rnatter considered as part of an it)dependcnt tYarninarion= or 4. the acLOUnt5 have noi ken prepared in accordance itrith the meth(xls and wnciples of The Sraremeni of Recommended Pra¢rice for accouniinu and reportinu by chariiies lapplicable to chariiies prLparino (heir accounts tn accordance iviih ihe Financial Reporti￿. Standard applirdble in the UK and Republic of Ireland IFRS 102)]. I hair no concerns and hair co¥Tre acr05S no other matters w cotmeciion wirh the examinaiion io IvhiLh llttenlion %hould be dTaivn-in this report in ￿der 10 enable a proper underst￿dIn0 of the I￿rOun15 to be reachtd. Matthew Hod50n Bsc FCA Independeni Ex£wniner Wislon Howe I Wi51on A*enu¢ WorthinÉT 'ts1 Su55ex BN14 7QL l)are'. Page 8 London Bach SocietTr' Statement of Financial AetiTrities for the l'ear Ended 31 March 2023 (Including Inconje and Eipenditure Account and Statement of Total Reeognised Gains and Losses) Total 20?3 Ullrestricted Resirieted ?023 Note Income and Endoiimtllts frorn". Donation5 and legacies Other tradino aciiviii¢5 Inve5trnent income 7.)67 7,i87 34) ?7.i67 7.*87 34) Total Incorne 3.7.499 Expenditure OD: ChaTi£able aciiviiies 18.199 18,199} Total Ex￿ndIt￿re 18.199) 18.199 Net inc4)me Tran5feT5 between fimds 17.300 7,100 17.300 (7,$001 Nei fflovanenl in fvnds ?4.800 (7,iOO) 17,iOO Reeoneiliation of funds Total fvnds br￿(PhI fonvard 1.1140 10.0( 61,940 Total tunds carried forward 16 76.740 Total 2022 Unresiri¢ted Restricttd 20?2 Note Income and Endowments from: Donations and lei (Xher tradin￿ activities Investmettt iuGom¢ 10.$71 30.(100 1?2)6 TO1￿ Incom¢ F¥ptnditure on: Lhariiabie activities 20.i79 i9.460 i9,839 Total ExpendiDJre ?O.i79 i9,460 (i9:839) Net income1{expenditu￿) Net movemeni in filnits (9.460) 17.004) ?.4)6 19,460) (7.004) Reconeiliation of fuNd5 Total fund5 broiighi forward 49.484 19.460 68,944 Total funds catTied fornard 16 il.940 61,940 All of the chariry's a¢iiviTie5 derive trom coniinuinu O￿Tati[￿S durino the above tivo periLids. The noies on pages 13 to ?3 form an integral part of these financial statemenis. PLue 9 London Bach Society Statement of Financial Aetivities for the Year Ended 31 March 2023 (Includina Ineome and Eipenditure Account and Statemenl of Total Recognised Gains and Losses) The ￿ndS breakdo￿7 (or ?0?3 and 70?? are sho¥bm in noie 16. The noies on paiTe5 li to_i fonn an inieJo al part of these financial siaiemenl5. Paue 10 London Bach Soeietv (Reqyi5tralioD number: 389i782) Balance .Sheet as ai 31 March 2023 20?3 2022 Note Fiycd a55e15 Tantsible &sscts 14.108 14,108 Current assets Debtor5 Cash ai bank. and in band 13 2?.496 50.147 8.162 48.183 72.64i 56, j4 Creditor5- Arnounts fallittg wiihitt olle year Net current assets 3.513 70.1 j? Total assets less current liabilities 66.940 Creiliiors: Atnounts f211iDg due #fter more tban one year Net a55ets i,000 li.000 FllRd5 0( the charity: Restricted illcome funds RestriLred h￿¢￿5 16 2.500 10,(KJO Unrestrtcted income fuRds U￿rL￿triCted ￿ndS 76,740 Total funds 16 79.?40 For the financial }ear endino j l Nfarch ?O?-, the Charl￿ ￿aS eotiiled to eAemptiop from audit under section 477 of the Companies Aci 2006 relaiinbi to small cotnpdnies. Directors, respon5ibiliiies: The members have noi required the charl￿. io obiain an audit of ils accounts for thc vear in question in accordance ivith section 476; and 1.he directors acknoi¥'ledue their ie5ponsibiliiies for complyinuj ii'ith the rwuiremenis ofihe ALI i%'iih respeLt to accounting records and the preparation of a¢counts. Ihese tinatlcial 5tatemen15 have prepared in accordance iviih the SFrfial Pfovision5 relatingp w companies subject 10 the small conipanits reLTrime ￿'ithin Part l i of the Companies Aci ?(M)6_ The notes pa e5 13 to ?3 forni an inte￿] part of these financial SLaternent& ndon Bacb Society (Registration number: 3895782) Balance Sheet as at 31 March 2023 The financial statemeEts on pagcs 9 to 23 woe approvcd by the trLLs*e4 and authori5￿ for is$u¢ on - and Si￿ed on their behalf by= RCBJones Chairnian athl Tn]Aee The notes on pages 13 to 23 fomi an iDte8fdl part of thcsc fwancial ststCtD￿ts. Page 12 London Bach Society Notes to the Financial Statements for the l'ear Ended 31 March 2023 I Charity status The charity is a company limiied by uardniee and consequentl) does not have Share capit&l. Eaeh of the nusiees i% liable 10 evntribute an amouni nor exceedino £1 toivards the a&seis of the charity in the event of liquidation. The address of its reoistered office is.. Bach House Surrey RH8 91.N I'hcsc tinancial staremenis ivere authoti5d for i%sue by the trustees on l Dectmkr ?0?3. 2 Accounting policies Summary of significant accounting policies and kel" accounting c5t1￿at£S The principal accounting policies applied in Ihe preparaiion ot these fwancial statements are set out ￿10}v. These policies have been consisienily applied io all th¢ )¢ars presenteQ unless othernvise sraied. Statement of compliaDce lkne linoiiLidl staiemetkls have been prepared in a¢cordance ivith Awouniinui and Reportino by Chariries= Siatemeni ot Recomniended Practice {appli¢able io chariiies preparinL Iheir &Lounis in accordance iviih the Financial Repurtinc7 Standard applicable in the UK and Republic of Ireland IFRS 10!)) (issued in OLrober ?0191 (Charitie5 SORP {FRS 10?11. the Financial Reportinv 5widard appliLdble in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Basis of p￿paration London Bach Society tneets the delinition of a public benefjt entiry under FRS 102. Assets an¢J liabililies are initially rectswised at historical cost or transaaion Vdlue unless othenvise strted in the relevant accounting p)licy notes. The fitlancial stalemetlts are pr¢par¢d in sterlin& which is the ftmcrional currency of the eniil),. Going concern The wiistees consid¢i that iheie aTe no maieria] uncertainti¢s aboui the chariiy's ability ro coniinue as a g>oing concem nor an%, sjuJifieanl are35 of Uncertain￿ thai atTeci the caryinq Value of llsse￿ held b). the chariN. Income endoiiments All income is recoiFni5ed onc¢ the charity has eniirlen)¢nt IL) the income. li is probable the income will be received and the awnount ot the income receiiable can be measured Teliabl). Page li London Bach Socielv Notes to the Financial Statemenls for tbe Year Ended 31 March 2023 Donations are r￿0gni￿.d ivhen the chariTh. has been noiified ID iiTiiin£ ot both the amoullE and settlement di£ te. In the cyent thai a donarion is subject ￿ tondiliot]5 that require a level of ptrformarKe b). the charity before the chariry 15 entitled to the hjnds. the income is delerred and not recognised until either those conditions ale fully met, or ihe fuifilment of those conditions is iyholly ivithin the control of the ¢hwi¢V and il ts probable that thes¢ conditions i¥ill be lulfilled in the reportino period. Legw oift5 are reco?nised OD a case by case ba5i5 followin(p the srdnt of probate when the ministratorleiecuior for thl esthre h&$ communicated in boih the amount and settlement daic. In the eyeni thai the uift is in ihe forni of an asset other cish ar a financial as%cI traded on a rcc(kJnised stock exchanii e, r¢cugnition is subject io Ihe value of the ft being reliabl}, tneL5ufdble with a degree vf redSL)ndble accuracy and the tille to the a55et hawng been traDsferred to the chariry. Grtints reeelv4ble Grants are recognis¢d whcn the ¢harit¥' has an eniitlemeni to the fi￿d5 and an! conditlOn5 link.ed to the ¥rants have b¢¢n met. IlThere perfonnance eondilions are attaclkd to the wt and are Irt to be met, the inukTM¢ 15 reCO￿lse￿ as a liabilitv and inLluded the balance she¢1 as defe￿ed income ￿ be released. Donalert.sen'ice.s aiidfccililieF Where serviLes or laeilities are pr(>vided to the Cl￿1￿ as a donation that iyould t)ormall!, be purchased from our suppliers, Ihis benetil is includ¢d in the fjnartcial staiements ai its fair value unless its fair value cannoi be reliably tneasured, then ai th¢ ¢0st io the dollor or the resale value of ?OL*Js thaÈ are io be sold. Invesimenl income Dividends are recognised once the divKdend has (kclared and tLOtiticaiioTh has been received of the dividend due. F%pertditure .411 eKp¢ndi¢ure is rtto£J)i%ed once there 15 a leJl or cunstrnLliVe Ubli￿l0￿ io thai e.Kp¢nditur¢, it 15 probable settl¢meni is requirtd th¢ atnount can be tntasuted reliably. All cosis are allorated 10 the appliLdble expenditure headin? thai te Si￿1[ar costs to thal caie¥ory. Wljere costs cannor be direcil}' allTibuied to particlilar headings the}, ha%.¢ been alloc1£ Èed on a basi5 con5isient ￿'ith the use of resources, Ivith cenrral staft costs allocated on the basis of tkme spent, and depreciaiton char¥es allocaied on the portion of the asset"'s Use. Other support costs are allocated bLsed on the spread of staff co5￿. Cliqrilable aLlivili Ch4lTitable ¢Trxpendirure comprises those costs incurred b). the charity in the delivtrv of its aclivilses and services for its beneficiaries. It include5 both cosrs thai can be all￿ated direcily io such aciivi(l¥S and Ihose cosis ot an indirect nature neLessary lo suprrtin Ihem. Gruii¢provi.IlOlLf Provisions for Jants are made ibth¢n the iniention ￿ make a has beerb communicated to ihe recipient but there i5 uncertaintv aboui either ihe (imino of the grant 01 Ihe amouni of ￿ant pa)tblt. Support eosis Siipport i(Trsts include ceniral fvnciions and have been all(Kated io activit> th)51 caieLioiies on a basis consisteni Ivitli d)e us¢ ot resources. for example: all(Kaiinu piopeil) togts by floor areds. or per capilL sld(r costs bv the tI￿e spent and other cosis by their usacie. London Baeh Soeieh" Notes to the Financial Statements for the l'ear Ended 31 March 2023 Governance costs '[h￿e include the CL)$15 actribuiablc 10 the charity's compliancL 111(h consiiiutional and statutoTh' requirements. includiLii audit. strategic mana¥emetti and tr￿s(e¢S. meetÈn4s and reitnbursed t￿￿£¢S. T#Tation Ihe Chariry is considered TO IYa55 the tests Set out in Para￿aPh I Schedule 6 of ihe Finance Act 21)10 and IherefoTe it merf5 thL del-]niLion of a charitable CQTnpauj for UK COTP)iaiion tax purpose5. Accordintsly, the th￿lty is ￿teD[la]I). eAempi frorn t&Nation in reS￿c[ of incotne or capital Ju in5 rectived i¥ithin cateti(iries covered by Chapier 3 Pasic fmancial instrumenTS. Basic financial insrruments are initiallv recognised ar tnn5a¢(ion N'alue and subsequenilj Inea%urLd at iheir settlemeni value Iiith the exc¢ption of bank loans ivhich are 511b5equenil) M￿￿red ai amortised cost usin(F the eftec(ive inierest m¢thod. London Baeh Society, Notes to the Financial Statement5 for the l'ear Ended 31 .March 2023 3 Income from doll*tion$ and kgacies Unrestricted Totsl 2023 Total ?022 GeDeral Donations and legacies- Donations Legacies Gif¢ aid reclaiEned Grants, illcludtng capiral granis- Grants from other chariiies 6_ 650 1.917 l.Y17 3),000 77..567 ?7.167 40.)71 4 In¢ome from other trading activitie5 L'Threstricted Total 2n23 Total 2022 General Trading income- Or¥an and Music Ilire Evenis inc()Tne- TiLLe￿ & Prowmme Sales Adveriisini7 Bach Friends 286 75 806 1,640 281 9,760 6.49) 6.4Y5 7.787 7.)87 5 Ini'estment income UDrestricted Total 2023 Total General Interest rtceivable and similar inrom¢- Interest Tec¢ivable ￿ bank deposits j44 34) Pa.Y 17 London Bach Society Notes to the Financial Statements for the Year Ended 31 March 2023 8 Net incomingloutgoing resources Net ￿COming(0￿tgOlng) resour¢¢% for the vear include= 20•J ?0?? Operating l¢ases - other assets 479 579 9 Tru5tee5 remuneration *nd e¥pense5 Durillo Ihe )'ear the chartfy. made the folloi%ing ¢rJnsaciions iviih tsWs1e￿= No trustees, nor any ￿rSonS connected ivith them. halt received any remuneraiion from the chariry during the vear. Ill StalT¢osts The aggre£ale pa)ToII costs were a5 folloivs.. 20?3 2022 Staff Colls during the vear were- ages and Salaries 4.80 4,800 The monthli averatse number ot persons (inLludinu senior management / leade￿hip team) emplo)ed by the Charity durinij the vear e.Kpre5sed as Lull tinie ¢qui*alents i¥as as lolloiws-. 2072 io No Nurnber ot"Siaff No employee received t￿01￿ments of more than £60,0￿ during the The total remuneration of ihe k.e} manaDement peT50nnel of the charity i*as £4,800 (70??_ £4,800I. Page 19 London Bach Society Notes ¢0 thi. FiDancial Statements for the Year Ended 31 .March 202.1 11 Taxatio fhe charity is 41 registered charity and is therefore eNemN from tsxacion. 12 Tanuible r￿ed assets Librarv and purtrait Orgall Equipmeni Total Cost At S ApTiI 20?? 6.ln 14.%()I Ai 31 M￿Ch 2023 8.(MN) 6.10 Ilepreciation At l April 2022 753 753 At 31 March ?023 Net tN)ok I'alue At 31 March ?0?3 6.10) Ar Jl March 2022 8.IMKI 13 Debtors 2D23 2n22 Prepayments Accrlled income Otlier debiors Gift Aid Recoyerable 83 7.SIK £79 8.16* 14 Creditors: #mounts fallillg dll¢ within oNe year 2023 Trade creditors Oiher t&wtion and social security Other creditors AccNals ?16 715 .146 1.734 li3 6i) 1.608 15 Creditors: ¥mount5 falling due after one vear ?023 ?0?2 Other loans i.￿0 5,000 London Bach Society *Otes to the Financial Statements for the Year Ended 31 Mareb 2023 16 Funds Balance at 31 ￿l￿re11 2023 Balallce #t l April 2022 Incoming resources Resource5 expeDded Transfe Unrestrieted Generul Unrestricted F'unds 47.740 i),499 118,199) 6,700 71,740 De.signoted Cash Reserve 4.?(Xl Sim) Totsl Ullrestrieted il,940 i).499 {18,199) 7.SlX} 76.740 Restricted TTUSt GrELUI Continuity Support 2.500 17.400} Total re5trTrtted Total Cullits 61,940 i).499 {18.199) 79.?40 The specitic purposes for Mthtch th¢ fimds are ￿ be applied ate &$ tollow5= The Culture Recovery Fund &]d Continuiij Suprx)rt aivards were given ￿ help vrLanisdtions tv ke¢p gorng during) the pandemic i%tth core costs. to enable them to remaÈn visible Nia projtcls and set up cash Teserves to .Ip io achieve su5taincibility over ihe lonuei trtllL W'e have allocated £i,000 toil'ar￿- a r¢serve and if the need arises to dr&iv on this in the future. it i*ill be presented to the Trnstees for th¢ir aor¢¢meni. London Baeh Sotiety ilotes to the Financial Stat¢ment.% for the Year Ended 31 ￿larch 2023 Balanet ai April 2021 Incoming rt50urccs Resources Balance at txpended 31 fvlarch 2022 Unrestriettd Gttnerdl UnrestricTrd Fund5 (70,3791 47,740 DesiKnoigd Cash Reserve 4.?00 Totsl ullrtstricted 170379 Rcstrieted Trust Grani Culture Recovery Fund Continuity. Suppon 2,5(K> 16,960 2,iOO >.O(M) 2i,O(K) (?1,960) 17.500 7,iOO Total restricted 19,460 30,0 i 0,000 Total fund5 68.944 61,940 Page ?? London Bach Society Notes to the Financial Statements for the Tr'ear Ended 31 March 2023 17 An#tysis of nei gssets beth.eets funds Totsl fund5 at 31 Mareh 2023 restrieted funds Desig￿#{¢d Restricted funds GeNernl Tangible fixed as5¢ts Current asseis Currtnt liabilities 14,108 6), 143 (? 511) 14,108 500 Crediiors over l year i,000) Total nel &sets Total funi15' at 31 March 2022 u￿restriCted funds General Iksignaied Rtsiricted funds Tangibl£ fi.Ked assets Current assets CLwrent liabiliiies Credilots over l year 14.108 14.108 56,34 {3,i13) 10,000 {3.i13) i,000 Total nel assets 47.740 10.000 18 Anal>sis of net lunds At l April FiNaneing eash ?1172 flows At31.Mareh 2073 Lash at bank and in hand 48,18) 1.964 iO.147 Net debt 48.18i 1.964 50,147 Paiie