## 

## 

|Trustees|&|board ofdirectors|V Hargreaves|V Hargreaves||Chairman||
|---|---|---|---|---|---|---|---|
||||S Belinfante|||Vice Chairman||
||||FJones|||Treasurer||
||||AVeazey|||Company|Secretary|
||||D Bowen|||||
||||J Hall|||||
||||G G Shankar|||||
||||TTaylor|||||
||||D Kenny|||||
||||JWebster|||||
|Charity number|||1085708|||||
|Company|number||02796427|||||
|Registered||office|Barbican House|||||
||||31 Barbican Road|||||
||||Gloucester|||||
||||GL1 2JF|||||
|Independent||examiner|Griffiths<br>Marshall|||||
||||Beaumont|House||||
||||172Southgate||Street|||
||||Gloucester|||||
||||GL1 2EZ|||||
|Advisors|||DAviss|||President||
||||K Winnan|||Executive|Director|
||||C Lumsden|||Founder||
||||G Oxley|||Artistic Director||
|Senior staff||members|K Winnan|||Executive|Director|
||||G Oxley|||Artistic Director||





## 

## 

||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-4|
|Independent<br>examiner's||report||
|Statement<br>offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements||8-20|





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2020|2020||2019|2019|2019|
||Notes||||||||
|Income and endowments||from:|||||||
|Donations<br>and legacies||3|4,186|83,957|88,143|2,558|62,202|64,760|
|Charitable<br>activities||4|167,131||167,131|223,599||223,599|
|Investments||5|1,672||1,672|48||48|
|Other income||6|41,498||41,498|14,518||14,518|
|Total income|||214,487|83,957|298,444|240,723|62,202|302,925|
|Charitable<br>activities||7|205,222|96,694|301,916|245,723|64,861|310,584|
|Net incomingl|||||||||
|(outgoing) resources|||||||||
|before transfers|||9,265|(12,737)|(3,472)|(5,000)|(2,659)|(7,659)|
|Gross transfers|||||||||
|between<br>funds|||(29,324)|29,324||(1,164)|1,164||
|Net (expenditure)/income|||||||||
|for the year/|||||||||
|Net movement|in funds||(20,059)|16,587|(3,472)|(6,164)|(1,495)|(7,659)|
|Fund balances at 1|||||||||
|September 2019|||164,649|8,954|173,603|170,813|10,449|181,262|
|Fund balances|at 31||||||||
|August 2020|||144,590|25,541|170,131|164,649|8,954|173,603|





## 

## 

|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|||f||
|Fixed assets||||||||
|Tangible assets|||||17,710||18,581|
|Current assets||||||||
|Stocks|||12|256||||
|Debtors|||13|8,102||5,004||
|Cash at bank and in||hand||173,548||155,511||
|||||181,906||160,515||
|Creditors:|amounts|falling due within||||||
|one year|||14|(29,485)||(5,493)||
|Net current|assets||||152,421||155,022|
|Total assets less current liabilities|||||170,131||173,603|
|Income funds||||||||
|Restricted|funds||||25,541||8,954|
|Unrestricted|funds|||||||
|Designated|funds||16|100,000||100,000||
|General<br>unrestricted||funds||44,590||64,649||
||||||144,590||164,649|
||||||170,131||173,603|



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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2020|2020|2020|2019|2019|2019|
||||||||E|
|Donations|and gifts|4,186|11,723|15,909|2,558|1,946|4,504|
|Grants|||72,234|72,234||60,256|60,256|
|||4,186|83,957|88,143|2,558|62,202|64,760|
|Grants receivable for||||||||
|core activities||||||||
|Arts Council England|||58,743|58,743||57,756|57,756|
|Gloucestershire||||||||
|Community|Foundation|||||2,500|2,500|
|Architectural|Heritage|||||||
|Trust|||13,491|13,491||||
||||72,234|72,234||60,256|60,256|





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## 

|8|Support costs|Support costs||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Support|Governance|2020|Support|Governance|2019|
|||||costs|costs||costs|costs||
||Staff costs|||100,233||100,233|92,494||92,494|
||Instruments<br>and music|||176||176|3,948||3,948|
||Education<br>and|||||||||
||development||||||114||114|
||Property costs <br>utilities||including|13,474||13,474|15,650||15,650|
||Office and administration|||||||||
||costs|||13,874||13,874|8,507||8,507|
||Miscellaneous||costs||||48||48|
||Depreciation|and||||||||
||amortisation|||3,125||3,125|3,279||3,279|
||Bank charges|and bad||||||||
||debts|||60||60|(48)||(48)|
||Independent|examiner||||||||
||fee||||1,260|1,260||1,800|1,800|
|||||130,942|1,260|132,202|123,992|1,800|125,792|
||Analysed<br>between|||||||||
||Charitable<br>activities|||130,942|1,260|132,202|123,992|1,800|125,792|



## 



## 

## 

## 

|The average|monthly<br>number<br>ofemployees<br>during|the year was:||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|Employment|costs|2020|2019|
||||f|
|Wages and|salaries|233,946|231,228|



## 

|11|Tangible fix|ed assets||||||
|---|---|---|---|---|---|---|---|
||||||Instruments|Piano|Total|
||||||and equipment|||
||Cost|||||||
||At 1 September 2019||||12,043|23,685|35,728|
||Additions||||2,255||2,255|
||At 31August|2020|||14,298|23,685|37,983|
||Depreciation|and impairment||||||
||At 1 September 2019||||10,574|6,573|17,147|
||Depreciation|charged|in the year||559|2,567|3,126|
||At 31August|2020|||11,133|9,140|20,273|
||Carrying<br>amount|||||||
||At 31August|2020|||3,165|14,545|17,710|
||At 31August|2019|||1,469|17,112|18,581|
||All ofthe above assets||are used for charitable|purposes.||||
|12|Stocks|||||||
|||||||2020f|2019f|
||Stock ofmusic books and merchandise|||||256||





## 

## 

## 

|Debtors|Debtors||||
|---|---|---|---|---|
|Amounts<br>falling due||within one year:|2020f|2019|
|Trade debtors|||3,990|191|
|Prepayments|and accrued income||4,112|4,813|
||||8,102|5,004|
|Creditors: amounts||falling due within one year|||
||||2020|2019|
|Other taxation|and social security||1,754|2,303|
|Payments<br>received on account|||12,542|1,012|
|Trade creditors|||13,929|378|
|Accruals and|deferred|income|1,260|1,800|
||||29,485|5,493|



## 

## 

|||Movement<br>in funds|Movement<br>in funds|||
|---|---|---|---|---|---|
||Balance at|Incoming|Resources|Transfers|Balance at|
||1 September|resources|expended||31August|
||2019||||2020|
|Bursary fund|7,454|10,223|(4,678)||12,999|
|Arts Council England|1,500|58,743|(46,201)|(1,500)|12,542|
|Barbican Project||14,991|(45,815)|30,824||
||8,954|83,957|(96,694)|29,324|25,541|



## 



## 

## 

## 

|||||Movement||
|---|---|---|---|---|---|
|||||in funds||
||||Balance at|Incoming|Balance at|
|||1|September|resources|31August|
||||2019||2020|
|Development|fund||100,000||100,000|
||||100,000||100,000|



## 

|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2020|2020|2020|2019|2019|2019|
||||||F||E|
|Fund balances at 31||||||||
|August 2020|are|||||||
|represented|by:|||||||
|Tangible assets||17,710||17,710|18,581||18,581|
|Current assets/||||||||
|(liabilities)||130,040|22,381|152,421|146,068|8,954|155,022|
|||147,750|22,381|170,131|164,649|8,954|173,603|



## 

##