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|---|---|---|---|---|
|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||
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||||||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)|
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|||||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)||
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|||||||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|
##
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||||||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|
##
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|||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)|
##
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##
|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)|
##
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##
||||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)|