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