2022-03-31-accounts

		Page
Company information
Report ofthe Directors		2 —14
Independent Auditors'	Report	15 —19
Statement of Financial	Activities	20
Statement of Financial	Position	21
Statement of Cash Flows		22
Notes to the Financial	Statements	23-45

Directors			Dr H Dodman
			Mrs S Griffin
			Ms J Harnden
			Cllr J Humphreys
			Mrs A Letch
			Lady C Panufnik
			Mr A Price
			Ms ERowley
			Mr P Willa n
Secretary			Miss C Peirson
Company	Number		04218180
Registered	Charity	Number	1090623
Registered	Office		7 Briar Road
			Twickenham
			Middlesex
			TW2 6RB
Auditors			Haines Watts
			250 Fowler Avenue
			Farnborough
			Hampshire
			GU14 7JP

			Unrestricted	Restricted	Tote I	Total
		Notes	Funds	Funds	Funds	Funds
			2022 (E)	2022 (E)	2022 (E)	2021 (E)
Income from:
Income from grants	and		351,637	79,026	430,663	413,578
donations
Income from Investments			21		22	291
Income from charitable			1,068,826		1,068,826	793,522
activities
Other incoming resources			8,164		8,164	70,246
Totalincome			1,428,648	79,027	1,507,675	1,277,637
Expenditure on:
Raising funds			75,608		75,608	68,881
Charitable activities			1,247,390	80,116	1,327,506	1,177,263
Governance costs			33,153		33,153	20,800
Total expenditure			1,356,151	80,116	1,436,267	1,266,944
Net income/(expenditure)			72,497	(1,089)	71,408	10,693
Other recognised
gains/(losses)
(Loss)/gain on defined			189,000		189,000	(156,000)
benefit pension schemes
Net movement in funds			261,497	(1,089)	260,408	(145,307)
Reconciliation offunds
Total funds brought	forward	16	(504,077)	7,184	(496,893)	(351,586)
Total funds carried	forward	16	(242,580)	6,095	(236,485)	496,893)

				2022	2021
			f
		Notes
Fixed Assets
Tangible assets		10		7,252		3,372
Current Assets
Debtors			295,000		95,321
Cash at bank and ln	hand		490,563		245,723
			785,563		341,044
Creditors: amounts	falling
due within one year		12	(363300)		(33,309)
Net Current Assets				422,263		307,735
Total assets less current
liabilities exduding	pension			429,515		311,107
liability
Defined benefit pension
scheme liability				(666,000)		(808,000)
Net (liabilities)				236,485)		496,893
The funds ofthe charity. '
Aestricted funds Unrestricted funds		16 16		6,095 ~	».80
Total funds		16		236,485		(496,893

		FOR THE YEAR ENDE	D 31MARCH 2022
				2022	2021
			Notes
Cash flow from operating	activities		21	252,568	79,428
Net cash flow from operating		activities		252,568	79,428
Cash flow from Investing	activities
Payments to acquire tangible		fixed assets		(7,750)	(1,086)
Interest received				22	291
Net cash flow from investing		activities		(7,728)	(795)
Cash flow from financing	activities
Net increase/(decrease) in cash and cash
equivalents				244,840	78,633
Cash and cash equivalents	at	1April 2021		245,723	167,090
Cash and cash equivalents	at	31March 2022		490,563	245,723
Cash and cash equivalents	consist of:
Cash at baal& and in hand				490,563	245,723
Cash and cash equivalents	at	31March 2022		490,563	245,723

2	Income
							2022	2021
	Income from grants		and donations				f	f
	Standards Fund Grant/MEG						247,750	247,747
	LBRUTGrant						48,000	48,000
	Arts Council TPS Grant						55,887	55,887
	Hampton Fund						25,000	25,000
	Richmond Parish	Lands Charity					26,000	20,000
	Barnes Fund						1,200	1,250
	The Arts Society Richmond						1,250	1,000
	TNL Coronavirus	Community		Support		Fund		8,000
	LBRUT Coronavirus		Emergency		Grant	Fund		5,000
	Peter Willan						350	300
	P&N Harvey Fund						15,000
	LS Virgin Money						3,575
	HRT Trust						5,349
	Other donations						1,302	1,394
							430,663	413,578
	Income from charitable activities —Unrestricted						2022	2021
	Tuition fees						744,543	603,055
	Activity fees from schools						19,105	4,300
	Wider opportunities						15,300	(388)
	Course fees						9,876	4,060
	Concert income						1,775	742
	Exam fees						469	(1,911)
	Music therapy						277,758	183,664
							1,068,826	793,522
							2022	2021
3	Investment income						f	f
	Bank interest receivable						22	291

									Activities	Activities	Activities		Support		Total	Total
							undertaken		directly f				costs E		2022 f	2021 f
	Raising funds									75,608					75,608	68,881
	Charitable		activities						1,296,927				30,579	1,327,506		1,177,263
	Governance			costs						33,153					33,153	20,800
									1,405,688				30,579	1,436,267		1,266,944
	Allocation		of	support costs
													Support		Total	Total
					Basis of apportionment								costs f		2022 f	2021 f
	Salaries				Stafftime								26,819		26,819	19,449
	ITcosts				Software cost			and	usage				887		887	2,529
	Payroll costs				Invoiced costs								2,785		2,785	11,201
	Bank charges				Bank charges payabie								88		88	62
													30,579		30,579	33,241
6	Allocation		of	governance			costs
													Activities
												undertaken			Total	Total
													directly f		2022 f	2021 f
	Salaries												18,753		18,753	13,600
	Audit												8,700		8,700	7,200
	Auditor	—fees for			other	services							5,700		5,700
													33,153		33,153	20,800
7	Operating		deficit (total incoming					resources			less	total resources		expended)
															2022	2021
															f	f
	Operating		(deficit)/surplus				is stated		after charging:
	Depreciation			oftangible			assets								3,870	1,592
	Operating		lease rentals			—land and			buildings						65,897	55,200
	Auditors'		remuneration												8,700	7,200
	Auditor's		remuneration			for non-audit				work					5,700	6,600
	Net movement between						the decrease			in defined			benefit pension		47,000	28,000
	liability	and		the gain on defined				benefit pension					scheme

		Unrestricted	Restricted	Tata I
		Funds	Funds	Funds
		2021	2021	2021
		f	f	f
Income from:
Income from grants and	donations	353,328	60,250	413,578
Income from investments		137	154	291
Income from charitable	activities	793,522		793,522
Other income resources		70,246		70,246
Total income		1,217,233	60,404	1,277,637
Expenditure on:
Raising funds		68,881		68,881
Charitable activities		1,114,757	62,506	1,177,263
Governance costs		20,800		20,800
Tota I expenditure		1,204,438	62,506	1,266,944
Net income/(expenditure)		12,795	(2,102)	10,693
Other recognised gains	and losses
(Loss)/gain on defined benefit pension schemes		(156,000)		(156,000)
Net movement in funds		(143,205)	(2,102)	(145,307)
Reconciliation of funds
Total funds brought forward Total funds carried forward		(360,872) ~504,D77)	9,286 7,184	~351,586I (496,893)

ngible assets
			Fixtures,
	Musical	Office	Fittings gr
	Instruments	Equipment	equipment	Total
	6		f	E
Cost
At 1April 2021	158,575	126,130	55,314	340,019
Additions	7,750			7,750
At 31March 2022	166,325	126,130	55,314	347,769
Depreciation
At 1April 2021	158,171	125,809	52 667	336647
Charge forthe year	2,786	160	924	3,870
At 31March 2022	160,957	125,969	53,591	340,517
Net book value
At 31March 2022	5,368	161	1,723	7,252
At 31March 2021	404		2,647	3,372

ebtors
	2022	2021
	6	E
Trade debtors	278,222	80,694
Prepayments	16,778	14,627
	295,000	95,321

12	Creditors:	amounts falling due within one year
			2022	2021
			f	f
	Trade creditors
	Other taxes &social security costs		35,888	25,613
	Accruals	and deferred income	322,165	2,817
	Other creditors		5,247	4,879
			363,300	33,309
13	Deferred	Income
			2022	2021
			f
	Brought	forward at 1 April 2021		3,788
	Released	in respect ofprior years		(3,788)
	Deferred	in current year	307,765
	Carried forward at 31March 2022		307,765
	Income in	support of 2022/23 activities was the fo(lowing:
			2022	2021
			f	f
	Tuition and course fees		307,765
	Total		307,765

Defined b	enefit	pension scheme liability
			2022	2021
			f	E
Pension	scheme deficit		666,000	808,000
Retained	funds
			2022	2021
			f	f
Accumulated		deficit at 1April 2021	(496,893)	(351,586)
Retained	surplus / (deficit) for the year		260,408	(145,307)
Accumulated		deficit at31March 2022	(236,4S5)	(496,893)

16 Analysis	ofcharitable	ofcharitable	ofcharitable	ofcharitable	ofcharitable	funds
Analysis	ofmovement					In unrestricted		funds
															Gains/
							At 1April								(losses)	on	At 31March
							2021			Income		Expenditure			pension		2022
													f					f
General reserve		&
total unrestricted			funds				(504,077)		1,428,648			(1,356,151)			189,000		(242,580)
Name ofunrestricted				fund		Description,			nature		and purpose		ofthe fund
General fund						The 'free reserves'					after allowing		for all restricted funds
Analysis ofmovement				in	restricted		funds
Jane Wadeson Memorial					fund		3,267				1						3,268
Hampton Fuel Allotment											25,000		(25,000)
Richmond Parish		Lands									26,000		(26,000)
Mandy Lee Scholarship				Fund			3,917						(1,090)				2,827
Barnes Workhouse											1,200		(1,200)
The Arts Society		Richmond									1,250		(1,250)
P&N Harvey Fund											15,000		(15,000)
LS Virgin Money											3,575		(3,575)
HRTTrust											5,349		(5349)
Connor G											308		(308)
Peter Willan											350		(350)
Get Lucky Local											40		(40)
SW Road											359		(359)
Other											595		(595)
Total restricted		funds					7,184			79,027			(80,116)				6,095
Total Funds							(496,893)		1,507,675			(1,436,267)			189,000		(236,485)
Name of restricted			fund			Description,			nature		and purpose		ofthe fund
The Jane Wadeson			Memorial			The balance			ofmonies transferred				from the related charity				in respect	ofa
Fund						f3,000 capital donation, the						interest thereon			being available to be offset
						against fee remission,
The Mandy Lee	Scholarship					The balance			of monies donated				by the International			Bar	Association	of
Fund						f10,000, to			fund	expenses		in connection		with the musical			education	of
						children in need.

6 Analysis ofcharitable f	6 Analysis ofcharitable f	unds	unds
Analysis of movement		in unrestricted		funds
												Gains/
			At 1April								(losses)		on		At 31	March
			2020			Income	Expenditure				pension					2021
						f.			f				f
General reserve &
total unrestricted funds			(360,872)		1,217,233		(1,204,438)				(156,000				(504,077)
Name ofunrestricted fund			Description,		nature and purpose				ofthe fund
Generalfund		The 'free reserves' after allowing							for all restricted			funds
Analysis ofmovement in	restricted		funds
Jane Wadeson Memorial	fund		3,265			154			(152)							3,267
Hampton Fuel Allotment						25,000		(25,000)
Richmond Parish Lands						20,000		(20,000)
Mandy Lee Scholarship Fund			6,021						(2,104)							3,917
Barnes Workhouse						1,250			(1,250)
The Arts Society Richmond						1,000			(1,000)
TNL Coronavirus Community						8,000			(8,000)
Support Fund
LBRUT Coronavirus Emergency						5,000			(5,000)
Grant Fund
Total restricted funds			9,286			60,404			62,506)							7,184
Total Funds			(351,586)		1,277,637		(1.,266,944)				(156,000)				(496,893)
Name ofrestricted fund			Description,		nature and purpose				ofthe fund
The Jane Wadeson Memorial			The balance		of monies transferred				from the		related		charity		in respect		of
Fund			a f3,000 capital			donation,	the	interest		thereon		being		available		to	be
			offset against fee remission,
The Mandy Lee Scholarship			The balance		of monies donated				by the International				Bar Association				of
Fund			f10,000, to		fund	expenses	In connection			with the musical					education		of
			children in	need.

Analysis ofgroup net	a	ssets be	tween	funds
					Unrestricted	Restricted	Total
					Funds	Funds	Funds
					2022	2022	2022
					E		F.
Fixed assets					7,252		7,252
Current Assets
Debtors					295,000		295,000
Cash at Bank and in		hand			484,468	6,095	490,563
Liabilities
Amounts due within		one year			(363,300		363,300)
Net assets excluding		pension	liability		423,420	6,095	429,515
Pension liability					(666,000		(666,000
Net assets including	pension		liability		(242,580)	6,095	(236,485)
Analysis ofgroup net assets between				funds
					Unrestricted	Restricted	Total
					Funds	Funds	Funds
					2021	2021	2021
					E	E	E
Fixed assets					3,372		3,372
Current Assets
Debtors					95,321		95,321
Cash at Bank and in hand					238,539	7,184	245,723
Liabilities
Amounts due within		one year			33,309		33,309
Net assets excluding		pension	liability		303,923	7,184	311,107
Pension liability					808,000)		(808,000)
Net assets including		pension	liability		(504,077)	7,184	(496,893)

as provided for dlsdosures rt oftheir annual review	under FRS102as at 31March 20 ofthe scheme.	22, by Barnett	Waddingham	LLP as
The total cost recognised	in the period was as follows:		2022	2021
			E'000	E'000
Current service cost			73	40
Net interest			16	15
Administration expenses
Recognised in net (income)/expenditure			90	56
Amounts recognised in the balance sheet were as		2022	2021	2020
follows:		E'000	E'000	6'000
Present value offunded	obligations	(2,788)	(2,832)	(2,264)
Fair value offund assets	(bid value)	2,122	2,024	1,640
(Deficit)/surplus		(666)	(808)	(624)

Changes in the present value ofthe	defi	ne	d benef	it obligat	ions were as	follows:
						2022	2021
						E'000	E'000
Opening defined benefit obligation						2,832	2,264
Current service cost						73	40
Interest expense						56	53
Change in financial assumptions						(132)	578
Change ln demographic assumptions							(25)
Contributions by scheme participants						12	8
Estimated benefits paid net oftransfers			in			(59)	(59)
Experience loss/(gain) on defined	benefit obligation					6	(27)
Past service costs, including curtailrnents
Closing defined benefit obligation						2,788	2,832
Changes in the fair value ofthe pension		plan assets were as follows:
						2022	2021
						E'000	E'000
Opening fair value offund assets						2,024	1,640
Interestincome						40	38
Actual return on plan assets (excluding			interest	Income)		63	370
Other actuarial (losses)/gains
Administration expenses						(1)	(1)
Contributions by employer including		unfunded				43	28
Contributions by fund participants						12	8
Estimated benefits paid plus unfunded			net oftransfers		in	(59)	(59)
Closing fair value offund						2,122	2,024

		2022	2021
		E'000	f'000
Equities		1,269	1,261
6ilts		28	38
Bonds		294	276
Property		256	164
Cash		31	102
Mufti-asset	fund	244	183
		2,122	2,024

The return	on plan assets was as follows:	on plan assets was as follows:	on plan assets was as follows:
					2022	2021
					E'000	E'000
Interest	income				40	38
Actual return on plan assets (excluding interest income)					63	370
Total return on plan assets					103	408
The principal actuarial assumptions			used were as follows:
				2022	2021	2020
Discount	rate			2.6%	2.0%	2,35%
Expected	rates ofsalary increases			3.55%	3,2%	2.7%
Expected	rates of pension	Increases		3 2%	2.8%	1.9%
Expected	rate ofincrease	—RPI		3 55%	3.2%	2.7%
Expected	rate ofIncrease	—CPI		3.2%	2.8%	19%

		2022	2021	2020
Retiring	at the balance sheet date
—Males		21,6	21.6	21.8
- Females		24.3	24,3	24.4
Retiring	in 20years
—Males		23.0	22.9	23.2
—Females		25.8	25.7	25.8

			2022	2022	2021	2021
			Number	FTE	Number	FTE
Raising funds			1	1	1	1
Charitable	activities		98	17	100	17
6overnance			6	6	6	6
			105	24	107	24
					2022	2021
					f
Employment		costs
Wages and	salaries				972,926	870,822
Social security		costs			51,715	44,888
Total pension		costs			191,241	170,411
					1,215,882	1,086,121

2022	2021
	E

Remuneration
Company pension	contributions	to	defined	benefit	schemes

Plant and machinery
	2022	2021
	f
Due within one year	240	1,829
Within two to five years		240
Over five years
	240	2,069
Land and Buildings
	2022	2021
	f	f
Due within one year	55,200	55,200
Within two to five years	207,000	220,800
Over five years		41,400
	262,200	317,400

			2022	2021
			E	E
Net movement in funds			260,408	(145,30/)
Interest receivable			(22)	(291)
Depreciation and Impairment	oftangible	fixed assets	3,870	1,592
(6ains)/losses on deferred benefit pension schemes			(142,000)	184,000
(Increase)/decrease ln debtors			(199,679)	89,095
Increase/(decrease) in creditors			329,991	(49,661)
Net cash flow from operating	activities		252,568	79,428

		At 01/04/21	Cash flow	At 31/03/22
		f	6
Net	Cash
Cash	at bank and in hand	245,723	244,840	490,563