2022-08-31-accounts

			Page
Trustees' Report			1-1S
Independent	Auditor's	Report	16-19
Statement of	Financial	Activities	20
Balance Sheet			21
Statement of	Cash Flows		22
Notes to the	Accounts		23-35

eference and administra	eference and administra	tive details
Charity number:		1084256
Company	number:	3608496
Registered	Office:	2 The Old	Estate Yard
		High Street
		East Hendred
		Wantage
		Oxfordshire
		OX12SY
Auditors		UHY Ross	Brooke
		Suite I
		Windrush	Court
		Abingdon	Business	Park
		Abingdon
		OX14 1SY
Bankers		Union Bancaire Privee
		UBP SA
		Seymour	Mews House, 26-37 Seymour		Mews
		London
		W1H 6BN
Principal Office		29a Teignmouth		Road
		London
		NW2 4EB

						Unrestricted	Restricted	Total Funds	Total Funds
						Funds	Funds	2022	2021
					Note	E	E		E
Income:
Donations and grants						1,404,156	14,500	1,418,656	1,001,275
Income from Income from	charitable concerts	activities: and similar				536,492		536,492	62,032
productions
Investment income
Total income						1,940,648	14,500	1,955,148	1,063,307
Expenditure:
Expenditure	on charitable		activities:
Operation of orchestra						1,951,568		1,951,568	995,108
Community	projects						12,376	12,376	40,048
Educational	projects					17,484		17,484	8,076
Total expenditure						1,969,052	12,376	1,981,428	1,043,232
Net income	/ (expenditure)			before
investment	gains / (losses)					(28,404)	2,124	(26,280)	20,075
Transfers between funds
Net income	/ (expenditure)			and net
movement	in funds for		the	year		(28,404)	2,124	(26,280)	20,075
Reconciliation offunds
Total Funds	brought
forward						430,554	1,000	431,554	411,479
Total funds	carried forward
						402,150	3,124	405,274	431,554

			Group	Group	Charity	Charity
			2022	2021	2022	2021
		Note	f.	6	6	6
Fixed assets
Tangible assets		14	22,764	5,109
Investments		15
Total Fixed	Assets		22,764	5,109	2	2
Current assets
Debtors		16	229,761	125,664	4,880	105,836
Cash at bank	and in hand		296,016	457,383	280,384	423,744
Total Current Assets			525,777	583,047	285,264	529,580
Liabilities
Creditors falling due within one		17	(104,546)	(108,366)	(3,600)	(3,600)
year
Net Current	(liabilities) / assets		421,231	474,681	281.664	525,980
Creditors falling due after one		17	(38,721)	(48,236)
year
Net assets			405,274	431,554	281,666	525,982
The funds ofthe charity:
Unrestricted	income funds	19	402,150	430,554	278,542	484,934
Restricted income funds		19	3,124	1,000	3,124	41,048
Total charity	funds		405,274	431,554	281,666	525,982

					Group	Group	Charity	Charity
					2022	2021	2022	2021
				Note	6		6	6
Cash used in operating		activities
				22	(124,238	79,991	(143,360)	68,468
Cash flows from investing
activities
Interest income
Purchase oftangible fixed assets					(27,614)	(4,369)
Cash provided by (used		in)
investing activities					(27,614)	(4,369)
Cash flows from financing
activities
Proceeds/(repayment)	of	long-			(9,515)	(1,764)
term borrowings
Cash used in financing	activities				(9,515)	(1,764)
Increase/(decrease) in cash			and
cash equivalents in the	year
					161,367	73,858	143.360	68,468
Cash and cash equivalents			at the
beginning ofthe year					457,383	383,525	423,744	355,276
Total cash and cash equivalents
atthe end ofthe year
					296,016	457,383	280,384	423,744

Asset Category	Annual	rate
Plant and machinery	10'%%d
Fixtures, fittings and equipment	10o%%d
Motor vehicles	250%%d
Computer equipment	33%

						2022f	2021f
	Income					1,418,656	983,905
	Expenditure		on charitable		activities	(1,662,972)	(863,749)
	Net income					(244,316)	120,156
	Total funds		brought	forward		525,982	405,826
	Total funds		carried	forward		281,666	525,982
	Represented		by:
	Restricted	income funds				3,124	1,000
	Unrestricted		income	funds		278,542	524,982
						281,666	525,982
4	Income from		donations		and grants
						2022	2021
							f
	Donations					1,418,656	687,678
	Grants						313,597
						1,418,656	1,001,275

					Unrestricted	Unrestricted
					funds	funds
					2022	2021
					6	f.
Income from concerts and similar				productions:
Ticket sales					314,834	29,713
Advertising		income and programme		sales	6,138	318
Engagement		fees			32,285	6,000
Orchestra	tax credit claimed from HMRC				154,783	5
Other					28,452	25,996
Total income from charitable			activities		536,492	62.032

alysis ofe	xpenditure on charitable activities
		2022	2021
		E	6
Concert costs		1,247,695	445,693
Workshops	and classes	12,376	8,076
Governance	costs (see note 8)	10,385	10,676
Support costs (see note 8)		710,972	578,787
		1.981,428	1,043,232

he summary fin	ancial performance ofthe	subsidiary alone i	s:
			2022	2021
				6
Donation from Trust			1,661,743	862,331
Ticket sales			314,834	29,713
Other income			66,875	49,684
			2,043,452	941,728
Cost of sales			(1,260,071)	(474,914)
Administration	costs		(720,128)	(566,900)
Interest payable
Profit before tax			63,253	(100,086)
Orchestra tax credit			154,783	5
			218,036	(100,081)
The assets and	liabilities ofthe subsidiary	were;
Fixed assets			22,765	5,109
Current assets			240,513	53,468
Current liabilities			(100,946)	(104,766)
Non-current liabilities			(38,721)	(48,236)
Total net assets			123,611	(94,425)
Aggregate share capital and reserves			123,611	(94,425)

		Basis ofapportionment	General	Governance
			support	function	Total
			6		6
Salaries and	wages	General support	372,395		372,395
General office		General support	66,390		66,390
Audit fees		Governance		2,500	2,500
Accountancy	services	Governance		7,885	7,885
Professional	fees	Governance
Consultancy	fees	General support	123,734		123,734
Depreciation		General support	9,459		9,459
Printing and	stationary	General support	29,508		29,508
Promotional	costs	General support	26,554		26,554
ITcosts		General support	38,221		38,221
Rent		General support	18,000		18,000
Interest and	charges	General support	3,564		3,564
Subscriptions		General support	23,147		23,147
Total			710,972	10,385	721,357

		2022	2021
		f.	f
Operating leases —equipment			1,183
Depreciation		9,459	5,096
Bank interest	payable
Auditor's remuneration:
Audit fees		2,500	2,500
Accountancy	services	7,885	8176

Analysis ofstaff costs, trustee remuneration	and expenses, and the costof key
management personnel
	2022	2021f
Salaries and wages	332,541	333,141
Social security costs	31,175	29,810
Pension costs	8,679	9,462
	372,395	372,413

		Plant 8t	Motor vehicles	Computer	Total
		machinery,		equipment
		fixtures,
		fittings 8t
		equipment
		f.
Cost
As at 1 September	2021	14,791	14,700	30,244	59,735
Additions			25,276	2,338	27,614
Disposals		(999)		(1,166)	(2,165)
As at 31 August 2022		13,792	39,976	31,416	85,184
Depreciation:
As at 1 September	2021	13,233	14,700	26,693	54,626
Charge for the year		266	6,319	2,874	9,459
Disposals		(500)		(1,166)	(1,666)
As at 31 August 2022		12,999	21019	28,401	62,419
Net book value:
As at 1 September	2021	1,558		3,551	5,109
As at 31 August 2022		793	18,957	3,015	22,765

nvestments
		Shares in	Other	Total
Charity		subsidiary	investments
		undertakings
		f
Cost:
As at 1 September	2021
Movement
As at 31 August 2022
Group		Shares in	Other	Total
		subsidiary	investments
		undertakings
		f

		Group		Charity
		2022 f	2021 f	2022 f	2021f
Trade debtors		3,274	35,836		35,836
Other debtors		166,952	88,428	4,880	70,000
Prepayments	fk accrued	59,535	1,400
income
		229,761	125,664	4,880	105,836

			Group		Charity
			2022	2021	2022	2021
			6	6	6	6
Trade creditors			52,331	6,859
Other creditors		Btaccruals	18,462	24,033	3,600	3,600
Deferred	income (note 18)		24,500	69,000
Taxation	8t social security		9,253	8,474
			104,546	108,366	3,600	3,600

			Group		Charity
			2022	2021	2021	2020
			8	6	6	6
Bounce	Bank	Loan	38,721	48,236
			38,721	48,236

					Group 6	Charity f
Balance	as at 1 September		2021		69,000
Amount	released	to income	earned from charitable	activities	(50,500)
Amount	deferred	in year			6,000
Balance	as at 31	August 2022			24,500

nalysis	ofmove	ments in unrestri	cted funds
		Balance 1	Income	Expenditure	Gains and	Transfers	Funds 31
		September			losses		August
		2021					2022
		E
General	fund	430,554	1,940,648	(1,969,052)			402,150
Total		430554	1,940,648	(1,969,052)			402,150

		Balance 1	Income	Expenditure	Gains and	Transfers	Funds 31
		September			losses		August
		2020			E		2021
		E					E
General	fund	402,881	1,030,857	(1,003,184)			430,554
Total		402881	1,030,857	(1,003,184)			430,554

	Balance 1	Income	Expenditure	Transfers	Funds 31
	September				August
	2021				2022
	E				E
Community	1,000	14,500	(12,376)		3,124
Projects 8t
Education
Total	1,000	14,500	(12,376)		3,124

	Balance 1	Income	Expenditure	Transfers	Funds 31
	September				August
	2020				2021
					E
Community	8,598	32,450	(40,048)		1,000
projects &
Education
Total	8,598	32,450	(40,048)		1,000

			General fund	Designated	Restricted	Total
			6	funds	funds
					6
Fixed assets			22,764			22,764
Cash at bank	and	in hand	292,892		3,124	296,016
Other net current assets/(liabilities)			125,215			125,215
Non-current	liabilities		(38,721)			(38,721)
Total			402,150		3,124	405,274

			General fund	Designated	Restricted	Total
			f	funds	funds
				6	f.
Fixed assets			5,109			5,109
Cash at bank	and	in hand	456,383		'I,000	457,383
Other net current assets/(liabilities)			17,298			17,298
Non-current	liabilities		(48,236)			(48,236)
Total			430,554		1,000	431,554

	under non-cancella	ble	ope	rating	leases, which fall due as follo	ws:	ws:
					Group	Charity
					2022f	2021 f.	2022 6	2021 8
	Within one year				18,000		18,000
	Between two and five years				18,000		18,000
					36,000		36,000
22	Reconciliation of	net	movement		in funds to net cash flow	from operating	activities
					Group		Charity
					2022	2021	2022	2021
					8	f	8	f
	Net movement	in funds			(26,280)	20,075	(244,316)	120,156
	Add back depreciation			charge	9,459	5,096
	Add back loss on disposal of assets				500
	Deduct interest	income		shown
	in investing activities
	Decrease/(increase)		in debtors		(104,097)	90,291	100,956	16,299
	Increase/(decrease) in creditors				(3,820)	(35,471)		67,987)
					(124,238)	79,991	(143,360)	68,468