2023-03-31-accounts

			Page
Company information
Report ofthe	Directors		2 —14
Independent	Auditors'	Report	15—20
Statement of	Financial	Activities	21
Statement of	Financial	Position	22
Statement of	Cash Flows		23
Notes tothe	Financial	Statements	24-46

Directora			Dr H Dodman
			Mrs SGriffin
			Ms J Harnden
			Cllr J Hum phreys
			Mrs A Letch
			Lady C Panufnik
			Mr A Price
			Ms E Rawley
			Mr P Wlllan
Secretary			Miss C Peirson
Company	Number		04218180
Registered	Charity	Number	1090623
Registered	Office		7 Briar Road
			Twickenham
			Middlesex
			TW2 6RB
Auditors			Cooper Parry
			250 Fowler Avenue
			Famborough
			Hampshire
			GU14 7JP

			Unrestricted	Restricted	Total	Total
		Notes	Funds	Funds	Funds	Funds
			2023 (F)	2023(f)	2023 (E)	2022 (f)
Income from:
Income from grants	and		352,538	52,800	405,338	430,663
donations
Income from investments			714	8	722	22
Income from charitable			1,245,709		1,245,709	1,068,826
activities
Other incoming resources					38	8 164
Total Income			1,598,999	52,808	1,651,807	1,507,675
Expenditure on:
Raising funds			80,622		80,622	75,608
Charitable activities			1,458,904	54,381	1,513,285	1,327,506
Governance costs			35,768		35,768	33,153
Total expenditure			1,575,294	54,381	1,629,675	1,436,267
Net income/(expenditure)			23,705	(1,573)	22,132	71,408
Other recognised
gains/(losses)
Gain on defined beneht		16	865,000		865,000	189,000
pension schemes
Net movement in funds			888,705	(1,573)	887,132	260,408
Reconciliation offunds
Total funds brought	forward	16	(242,580)	6,095	(236,485)	(496,893)
Total funds carried	forward	16	646,125	4,522	650,647	(236,485)

			2023	2023	2022	2022
			f	f	f	f
		Notes
Fixed Assets
Tangible assets		10		3,383		7,252
Current Assets
Debtors			327,222		295,000
Cash at bank and in	hand		515,999		490,563
			843,221		785,563
Creditors: amounts	falling
due within one year		12	(354,957)		(363,300)
Net Current Assets				488,264		422,263
Total assets less current
liabilities excluding	pension			491,647		429,515
liability
Defined benefit pension
scheme asset/(liability)		14		159,000		(666,000)
Net assets/(liabilities)				650,647		(236,485)
The funds ofthe charity:
Restricted funds		16		4,522		6,095
Unrestricted funds		16		646,125		(242,580)
Total funds		16		650,647		(236,485)

				2023	2022
			Notes
Cash flow from operating	activities		21	24,714	252,568
Net cash flow from operating		activities		24,714	252,568
Cash flow froin investing	activities
Payments to acquire tangible		fixed assets			(7,750)
Interest received				722	22
Net cash flow from investing		activities		722	(7,728)
Cash flow from financing	activities
Net increase in cash and	cash	equivalents
				25,436	244,840
Cash and cash equivalents	at	1April 2022		490,563	245,723
Cash and cash equivalents	at	31March 2023		515,999	490,563
Cash and cash equivalents	conaist of:
Cash at bank and in hand				515,999	490,563
Cash and cash equivalents	at	31March 2023		515,999	490,563

sidual value, over their expected use	ful lives on the followin	g basis:
Musical Instruments	33M per annum	straight	line
Office equipment	33%per annum	straight	line
Fixtures, fittings &equipment	20%per annum	straight	line

	Income
	Income from grants and donations	2023 f	2022 f
	Standards Fund Grant/MEG	247,535	247,750
	LBRUT Grant	48,000	48,000
	Arts Council TPS Grant	55,887	55,887
	Hampton Fund	26,000	25,000
	Richmond Parish Lands Charity	25,000	26,000
	Barnes Fund	1,800	1,200
	The Arts Society Richmond		1,250
	Peter Wilfan	350	350
	Pg N Harvey Fund		15,000
	LSVirgin Money		3,575
	HRTTrust		5,349
	Other donations	766	1,302
		405,338	430,663
	Income from charitable activities —Unrestricted	2023	2022
		f
	Tuition fees	814,878	744,543
	Activity fees from schools	26,179	19,105
	Wider opportunities	24,725	15,300
	Course fees	20,451	9,876
	Concert income	47,138	1,775
	Exam fees	3,153	469
	Music therapy	309,185	277,758
		1,245,709	1,068,826
		2023	2022
3	Investment income	f	f
	Bank interest receivable	722	22

4	Total expe	ndit	ure
						Activities		Support		Total	Total
					undertaken	directlyf		costs f		2023 f	2022 f
	Raising funds						80,622			80,622	75,608
	Charitable	activities				1,480,106		33,179	1,513,285		1,327,506
	Governance		costs				35,768			35,768	33,153
						1,596,496		33,179	1,629,675		1,436,267
5	Allocation	of	support costs
								Support		Total	Total
				Basis	ofapportionment			costs f		2023 f	2022 f
	Salaries			Staff time				28,414		28,414	26,819
	ITcosts			Software cost and		usage		1,880		1,880	887
	Payroll costs			Invoiced costs				2,785		2,785	2,785
	Bank charges			Bank charges payable				100		100	88
								33,179		33,179	30,579
6	Allocation	of	governance		costs
								Activities
								undertaken		Total	Tota I
								directly f		2023 f	2022 f
	Salaries							19,868		19,868	18,753
	Audit							9,275		9,275	8,700
	Auditor —fees for			other	services			6,625		6,625	5,700
								35,768		35,768	33,153
7	Operating	surplus		(total	Incoming resources less			total resources		expended)
										2023	2022
										f	f
	Operating	surplus		is stated after charging:
	Depreciation		oftangible assets							3,869	3,870
	Operating	lease rentals			—land and	buildings				68,342	65,897
	Auditors'	remuneration								9,275	8,700
	Auditor's	remuneration			for non-audit		work			6,625	5,700
	Net movement between the decrease						in defined benefit pension			40,000	47,000
	liability and		the gain on defined benefit pension					scheme

		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		2022	2022	2022
			f	f
Income from:
Income from grants and	donations	351,637	79,026	430,663
Income from investments		21	1	22
Income from charitable	activities	1,068,826		1,068,826
Other income resources		8,164		8,164
Total income		1,428,648	79,027	1,507,675
Expenditure on:
Raising funds		75,608		75,608
Charitable activities		1,247,390	80,116	1,327,506
Governance costs		33,153		33,153
Total expenditure		1,356,151	80,116	1,436,267
Net income/(expenditure)		72,497	(1,089)	71,408
Other recognised gains	and losses
(Loss)/ga in on defined benefit pension schemes		189,000		189,000
Net movement in funds		261,497	(1,089)	260,408
Reconciliation offunds
Total funds brought forward		(504,077)	7,184	(496,893)
Tote Ifunds carried forward		(242,580)	6,095	(236,485)

ngible assets
			Fixtures,
	Musical	Office	Fittings &
	Instruments f	Equipment f	equipment f	Total f
Cost
At1April 2022	166,325	126,130	55,314	347,769
Additions
At 31March 2023	166,325	126,130	55,314	347,769
Depreciation
At1April 2022	160,957	125,969	53,591	340,517
Charge for the year	2,785	160	924	3,869
At 31March 2023	163,742	126,129	54,515	344,386
Net book value
At 31March 2023	2,583		799	3,383
At 31March 2022	5,368	161	1,723	7,252

ebtors
	2023	2022
	f	f
Trade debtors	310,018	278,222
Prepayments	17,204	16,788
	327,222	295,000

12	Creditors:	amounts falling due within one year
			2023	2022
			E	E
	Trade creditors
	Other taxes gt social security costs		42,163	35,888
	Accruais	and deferred income	309,984	322,165
	Other creditors		2,810	5,247
			354,957	363,300
13	Deferred	incnme
			2023	2022
			E	E
	Brought	forward at 1April 2022	307,765
	Released	in respect of prior years	(307,765)
	Deferred	in current year	293,514	307,765
	Carried forward at31March 2023		293,514	307,765
	Income in	support of2022/23 activities was the following:
			2023	2022
			E	E
	Tuition and course fees		293,514	307,765
	Total		293,514	307,765

14	Defined b	enefit	p	ension scheme asset/(liability)
					2023	2022
					E	E
	Pension	scheme		surplus/(deficit)	159,000	(666,000)
15	Retained	funds
					2023	2022
					E	E
	Accumulated		deficit at 1April 2022		(236,485)	(496,893)
	Retained	surplus		/ (deficit) for the year	887,132	260,408
	Accumulated		deficit at 31March 2023		650,647	(236,485)

6 Analysis ofcharitable f	6 Analysis ofcharitable f	6 Analysis ofcharitable f	unds
Analysis ofmovement			in unrestricted	funds
			At 1April				Gains	on	At 31March
			2022		Income	Expenditure	pension		2023
			f		f	f		f	f
General reserve 8
total unrestricted funds			(242,580)	1,598,999		(1,575,294)	865,000		646,125
Name of unrestricted	fund		Description,	nature and purpose ofthe fund
General fund			The 'free reserves'		after allowing for all restricted		funds
Analysis ofmovement	in restricted funds
			At 1April				Gains	on	At 31March
			2022		Iricome	Expenditure	pension		2023
			f		f	f		f	f
Jane Wadeson Memorial		fund	3,268		8				3,276
Hampton Fuel Allotment					25,000	(25,000)
Richmond Parish Lands					26,000	(26,000)
Mandy Lee Scholarship		Fund	2,827			(1,581)			1,246
Barnes Workhouse					1,800	(1,800)
Totalrestricted funds			6,095		52,808	(54,381)			4,522
TotalFunds			(236,485)	1,651,807		(1,629,675)	865,000		650,647

16 Analysis	ofcharitable	ofcharitable	ofcharitable	ofcharitable	funds
Analysis	ofmovement				in unrestricted funds
						At1April				Gains	on	At 31March
						2021		Income	Expenditure	pension		2022
						f		f	f		f	f
Generalreserve		&
total unrestricted		funds				(504,077)	1,428,648		(1,356,151)	189,000		242,580)
Name of unrestricted			fund		Description,		nature and purpose ofthe fund
General fund					The 'free reserves'			after allowing for all restricted		funds
Analysis ofmovement			in restricted			funds
						At 1April				Gains	on	At 31March
						2021		Income	Expenditure	pension		2022
						f			f		f	f
lane Wadeson	Memorial			fund		3,267		1				3,278
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)
LSVirgin Money								3,575	(3,575)
HRTTrust								5,349	(5,349)
ConnorG								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)

alysis ofgroup net	assets be	tween funds
			Unrestricted	Restricted	Total
			Funds	Funds	Funds
			2023	2023	2023
			f	E	E
Fixed assets			3,383		3,383
Current Assets
Debtors			327,222		327,222
Cash at Bank and in hand			511,477	4,522	515,999
Liabilities
Amounts due within	one year		(354,957)		(354,957)
Net assets excluding	pension	liability	487,125	4,522	491,647
Pension asset			159,000		159,000
Net assets including	pension	liability	646,125	4,522	650,647
alysis ofgroup net	assets between funds
			Unrestricted	Restricted	Total
			Funds	Funds	Funds
			2022	2022	2022
			f	E	E
Fixed assets			7,252		7,252
Current Assets
Debtors			295,000		295,00
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)

The total cost recognised	in the period was as follows:		2023	2022
			f'000	f'000
Current service cost			55	73
Netinterest				16
Administration expenses
Recognised in net (income)/expenditure			73	90
Amounts recognised in the balance sheet were as		2023	2022	2021
follows:		f'000	f'000	f'000
Present value offunded	obligations	(1,854)	(2,788)	(2,832)
Fair value offund assets	(bid value)	2,013	2,122	2,024
(Deficit)/surplus		159	(666)	(808)

Changes in the present v	al	ue o	fthe defi	ne	d benefit obliga	tions were as	follows:
							2023	2022
							f'000	E'000
Opening defined benefit		obligation					2,788	2,832
Current service cost							55	73
Interest expense							72	56
Change in financial assumptions							(1,041)	(132)
Change in demographic		assumptions					(117)
Contributions by scheme		participants					9	12
Estimated benefits paid		net	oftransfers		in		(61)	(59)
Experience loss/(gain)	on defined benefit obligation						149	6
Past service costs, including			curtailments
Closing defined benefit	obligation						1,854	2,788
Changes in the fair value	ofthe pension			plan assets were		as follows;
							2023	2022
							E'000	E'000
Opening fair value offund assets							2,122	2,024
Interest income							55	40
Actual return on plan assets			(excluding		Interest income)		(137)	63
Other actuarial (losses)/gains							P)
Administration expenses							(1)	(1)
Contributions by employer including				unfunded			33	43
Contributions by fund	participants						9	12
Estimated benefits paid		plus	unfunded		net oftransfers	in	(61)	(59)
Closing fair value offund							2,013	2,122
The contribution ofeach	major class of			assets to the fair value ofthe total plan was:
							2023	2022
							E'000	f'000
Equities							1,137	1,269
6l its								28
Bonds							323	294
Property							265	256
Cash							79	31
Multi-asset fund							209	244
							2,013	2,122

The return	on plan assets was as follows:	on plan assets was as follows:	on plan assets was as follows:
							2023	2022
							E'000	E'000
Interest income							55	40
Actual return on plan		assets (excluding		interest income)			(137)	63
Total return on plan		assets					(82)	103
The principal actuarial		assumptions	used	were as follows:
						2023	2022	2021
Discount	rate					4.8%	2.6%o	2.0%o
Expected	rates ofsalary increases					3.39o	3.55%	3.29o
Expected	rates ofpension increases					295'	3,2%	2.89o
Expected	rate ofincrease —RPI					3 390	3.559o	3,2%
Expected	rate ofincrease - CPI					2.959o	3.29o	2,8%o
The morality assumptions used for longevity					(in years) on	retirement	at age 65are:
						2023	2022	2021
Retiring atthe balance sheet date
- Males						21.1	21,6	21.6
-Females						23.5	24.3	24.3
Retiring in 20years
—Males						22.3	23.0	22.9
-Females						25.0	25.8	25.7

			2023	2022
			Number	Number
Raising funds			1
Charitable	activities		114	98
Governance				6
			121	105
			2023	2022
			E	E
Employment		costs
Wages and	salaries		1,077,863	972,926
Sacia I security		costs	61,756	51,715
Total pension		costs	217,123	191,241
			1,356,742	1,215,882

2023	2022
E	f

Remuneration
Company pension	contributions	to	defined	benefit	schemes

Plant and machinery
	2023	2022
	E	E
Due within one year		240
Within two to five years
Over five years
		240
Land and Buildings
	2023	2022
	E	E
Due within one year	55,200	55,200
Within two to five years	151,800	207,000
Over five years
	207,000	262,200

			2023	2022
			f	f
Net movement in funds			887,132	260,408
Interest receivable			(722)	(22)
Depreciation and impairment		oftangible fixed assets	3,869	3,870
Movement on defined	benefit	pension schemes	(825,000)	(142,000)
(Increase)/decrease in	debtors		(32,222)	(199,679)
Increase/(decrease)in	creditors		(8,343)	329,991
Net cash flow from operating		activities	24,714	252,568

		At 01/04/22	Cash flow	At 31/03/23
		f	f	f
Net	Cash
Cash	at bank and in hand	490,563	25,436	515,999