2022-07-31-accounts - Armonico Consort Limited

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			Page
Report ofthe Trustees		1	to	6
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		9	to	10
Cash Flow Statement
Notes to the Cash Flow	Statement		12
Notes to the Financial Statements		13	to	20
Detailed Statement ofFinancial Activities			21

					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			269,215	101,047	370,262	216,152
Charitable activities
Concert and Workshop			107,245	235,871	343,116	313,302
Subscriptions			17,494		17,494	15,767
Merchadising income			6,981		6,981	2,756
Total			400,935	336,918	737,853	547,977
EXPENDITURE ON
Raising funds			67,798		67,798	60,984
Charitable activities
Concert and Workshop			527,479	336,918	864,397	513,021
Governance costs			4,386		4,386	4,472
Total			599,663	336,918	936,581	578,477
NET INCOME/(EXPENDITURE)			(198,728)		(198,728)	(30,500)
RECONCILIATION	OF FUNDS
Total funds brought forward			(65,981)		(65,981)	(35,481)
TOTAL FUNDS CARRIED FORWARD			(264,709)		(264,709)	(65,981)

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets		4,707		4,707	3,315
CURRENT ASSETS
Stocks	12	11,860		11,860	12,158
Debtors	13	16,949		16,949	35,816
Prepayments and accrued income		2,191		2,191
Cash at bank and in hand		79,664		79,664	48,920
		110,664		110,664	96,894
CREDITORS
Amounts falling due within one year	14	(156,051)		(156,051)	(108,172)
NET CURRENT ASSETS/(LIABILITIES)		(45,387)		(45,387)	(11,278)
TOTAL ASSETSLESSCURRENT
LIABILITIES		(40,680)		(40,680)	(7,963)
CREDITORS
Amounts falling due after more than one year	15	(224,029)		(224,029)	(58,018)
NET ASSETS/(LIABILITIES)		(264,709)		(264,709)	(65,981)
FUNDS	17
Unrestricted funds				(264,709)	(65,981)
TOTAL FUNDS				(264,709)	(65,981)

				2022	2021
			Notes
Cash flows from operating		activities
Cash generated from operations			1	(136,161)	39,659
Net cash (used in)/provided		by operating	activities	(136,161)	39,659
Cash flows from investing		activities
Purchase oftangible fixed	assets			(3,553)	(2,682)
Net cash used in investing	activities			(3,553)	(2,682)
Cash flows from financing		activities
New loans in year				176,014
Loan repayments in year				(5,556)	(926)
Net cash provided by/(used		in) financing	activities	170,458	(926)
Change in cash and cash	equivalents		in
the reporting period				30,744	36,051
Cash and cash equivalents		at the
beginning ofthe reporting		period		48,920	12,869
Cash and cash equivalents		at the end	of
the reporting period				79,664	48,920

1.	RECONCILIATION	RECONCILIATION	RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
	ACTIVITIES
									2022		2021
	Net expenditure for the				reporting		period (as per the Statement of
	Financial Activities)								(198,728)		(30,500)
	Adjustments	for:
	Depreciation	charges							2,162		2,281
	Decrease in	stocks							298		84
	Decrease/(increase)		in debtors						16,676		(8,910)
	Increase in creditors								43,431		76,704
	Net cash (used in)/provided					by operations			(136,161)		39,659
2.	ANALYSIS	OF CHANGES				IN NET DEBT
							At	1/S/21	Cash flow	At	31/7/22
	Net cash
	Cash at bank	and in	hand					48,920	30,744		79,664
								48,920	30,744		79,664
	Debt
	Debts falling	due within			1 year				(5,000)		(5,000)
	Debts falling	due after		1	year		(49,074)		(165,459)	(214,533)
							(49,074)		(170,459)	(219,533)
	Total							(154)	(139,715)	(139,869)

						2022	2021
Donations						269,215	166,264
Grants						101,047	49,888
						370,262	216,152
Grants received,	included		in the	above, are as follows:
						2022	2021
Grants - Charitable		foundations				101,047	49,888
INCOME FROM		CHARITABLE ACTIVITIES
						2022	2021
				Activity
Concert and workshop
income				Concert and Workshop		343,116	313,302
Subscriptions				Subscriptions		17,494	15,767
Merchandising	income			Merchadising	income	6,981	2,756
						367,591	331,825

4.	RAISING FUNDS	RAISING FUNDS
	Raising donations		and	legacies
						2022	2021
	Other direct	costs				47,035	38,874
	Other trading activities
						2022	2021
	Staffcosts					20,605	21,870
	Depreciation					158	240
						20,763	22,110
	Aggregate amounts					67,798	60,984
5.	CHARITABLE ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 6)	Totals
	Concert and	Workshop			864,397		864,397
	Governance	costs				4,386	4,386
					864,397	4,386	868,783
6.	SUPPORT	COSTS
							Governance
							costs
	Governance	costs					4,386
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is stated after charging/(crediting):
						2022	2021
	Depreciation	- owned assets				2,161	2,281

					2022	2021
Wages	and salaries				168,851	255,733
					168,851	255,733
The average monthly		number ofemployees	during	the year was as follows:
					2022	2021
Admin	and support				10	8
Fundraising					1	1

No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		166,262	49,890	216,152
Charitable activities
Concert and Workshop		88,153	225,149	313,302
Subscriptions		15,767		15,767
Merchadising income		2,756		2,756
Total		272,938	275,039	547,977
EXPENDITURE ON
Raising funds		60,984		60,984
Charitable activities
Concert and Workshop		237,982	275,039	513,021
Governance costs		4,472		4,472
Total		303,438	275,039	578,477
NET INCOME/(EXPENDITURE)		(30,500)		(30,500)
RECONCILIATION	OF FUNDS
Total funds brought forward		(35,481)		(35,481)

10.	COMPARATIVKS FOR THE STATEMENT OF FINANCIAL	COMPARATIVKS FOR THE STATEMENT OF FINANCIAL	COMPARATIVKS FOR THE STATEMENT OF FINANCIAL	ACTIVITIES	- continued
			Unrestricted		Restricted	Total
				fund	fund	funds
	TOTAL FUNDS CARRIED FORWARD			(65,981)		(65,981)
11.	TANGIBLE FIXEDASSETS
				Office	Computer
		Set Costs	Equipment		equipment	Totals
	COST
	At 1 August 2021	10,000		3,200	11,574	24,774
	Additions			135	3,418	3,553
	At 31 July 2022	10,000		3,335	14,992	28,327
	DEPRECIATION
	At l August 2021	10,000		3,012	8,447	21,459
	Charge for year			102	2,059	2,161
	At 3l July 2022	10,000		3,114	10,506	23,620
	NET BOOK VALUE
	At 31 July 2022			221	4,486	4,707
	At 31 July 2021			188	3,127	3,315
12.	STOCKS
					2022	2021
	Stocks				11,860	12,158
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2022	2021
	Trade debtors				25,126	31,589
	Other debtors				500	3,954
	Accruals				(8,930)
	P repayments				253	273
					16,949	35,816

		2022	2021
Bank loans and overdrafts (see note 16)		5,000
Trade creditors		107,760	72,411
Social security and other taxes		16,014	6,267
Pension Fund			(20)
Other creditors		15,678	1,178
Accrued expenses		11,599	28,336
		156,051	108,172
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE		YEAR
		2022	2021
Bank loans (see note 16)		38,519	49,074
Other loans (see note 16)		176,014
Other creditors		9,496	8,944
		224,029	58,018
LOANS
An analysis ofthe maturity ofloans is given below:
		2022	2021
Amounts falling due within one year on demand:
Bank loans		5,000
Amounts falling between one and two years:
Bank loans - 1-2years		38,519	49,074
Other loans - 1-2years		176,014
		214,533	49,074
MOVEMENT IN FUNDS
		Net
		movement	At
	At 1/8/21	in funds	31/7/22
Unrestricted funds
Unrestricted Fund	(65,981)	(198,728)	(264,709)
TOTAL FUNDS	(65,981)	(198,728)	(264,709)

Net movement in funds, included	Net movement in funds, included	Net movement in funds, included	in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
Unrestricted Fund				400,935	(599,663)	(198,728)
Restricted funds
Restricted Fund				336,918	(336,918)
TOTAL FUNDS				737,853	(936,581)	(198,728)
Comparatives for movement		in	funds
					Net
					movement	At
				At 1/8/20	in funds	31/7/21
Unrestricted funds
Unrestricted Fund				(35,481)	(30,500)	(65,981)
TOTAL FUNDS				(35,481)	(30,500)	(65,981)
Comparative net movement	in	funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
Unrestricted Fund				272,938	(303,438)	(30,500)
Restricted funds
Restricted Fund				275,039	(275,039)
TOTAL FUNDS				547,977	(578,477)	(30,500)

			Net
			movement	At
		At 1/8/20	in funds	31/7/22
Unrestricted	funds
Unrestricted	Fund	(35,481)	(229,228)	(264,709)
TOTAL FUNDS		(35,481)	(229,228)	(264,709)

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
Unrestricted Fund	673,873	(903,101)	(229,228)
Restricted funds
Restricted Fund	611,957	(611,957)
TOTAL FUNDS	1,285,830	(1,515,058)	(229,228)

			2022	2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations			269,215	166,264
Grants			101,047	49,888
			370,262	216,152
Charitable activities
Concert and workshop	income		343,116	313,302
Subscriptions			17,494	15,767
Merchandising income			6,981	2,756
			367,591	331,825
Total incoming resources			737,853	547,977
EXPENDITURE
Raising donations and	legacies
Other direct costs			47,035	38,874
Other trading activities
Wages			20,605	21,870
Depreciation oftangible		fixed assets	158	240
			20,763	22,110
Charitable activities
Wages			147,751	233,054
Other direct costs			714,652	277,944
Depreciation oftangible		fixed assets	1,994	2,023
			864,397	513,021
Support costs
Governance costs
Wages			495	809
Other direct costs			625	462
Accountancy and legal		fees	3,256	3,183
Depreciation oftangible		fixed assets	10	18
			4,386	4,472
Total resources expended			936,581	578,477
Net expenditure			(198,728)	(30,500)