## |||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||7,184
7| |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|