| Trustees' Report | 3 | tc | 9 |
|---|---|---|---|
| Independent Examiner's Report |
10 | ||
| Statement ofFinancial Acttvtdee | |||
| Balance Sheet | 12 | ||
| Cash Flow Statemeat | 13 | ||
| Notes ta the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 22 |
| Detailed Statemeat ofFinancial Aetivitles | 23 | to | 24 |
| 04851028(England | 04851028(England | and Wale |
|---|---|---|
| Registered Charity | aum bar | |
| 1103159 | ||
| Registered office | ||
| 2New Street | ||
| Warwick | ||
| CV344RX | ||
| Trustees | ||
| Mrs CRMonks | ||
| JRSampson KC | ||
| 1Boyden | ||
| M JC Harbour | CBB | |
| Ms EAldridge | ||
| Indepeadent | Examiner | |
| Flint Jt Thompson | ||
| 2 Manor Square | ||
| Solihuil | ||
| West Midlands | ||
| B913PX |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| fund | fund | funds | feeds | |||
| Notes | 8 | 8 | 5 | 5 | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations snd legacies |
275~ | 105PI6 | 381,050 | 370462 | ||
| Charitable acttvtdes |
||||||
| Concert and Workshop | 6,014 | 210,408 | 216,422 | 343,116 | ||
| Grants and ihndraising | 75rt22 | 75,922 | ||||
| Subscriptions | 17,494 | |||||
| Merchandising income |
8429 | 9,925 | 6,981 | |||
| Invesuncnt income |
141 | 141 | ||||
| ~365810 | ~317650 | ~683 | ~737 &53 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 5 | 38,730 | 38,730 | 67,798 | ||
| Charitable acttvtdes |
6 | |||||
| Concert and Workshop | 447,132 | 447,132 | 864397 | |||
| Support costs Governance costs |
172,760 | 172,760 | ~4386 | |||
| Total | ~622 | ~936581 | ||||
| NET INCOME/(EXPENDITURE) | (292,812) | 317,650 | 24J)38 | (198,728) | ||
| Transfers between funds | 18 | ~317650 | ~317650 | |||
| Net movement in fitnds |
24r838 | (198,728) | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | (264r709) | (264,709) | (65,981) | |||
| TOTAL FUNDS CARRIED FORWARD | 9871 | ~264709) |
| 31J | ULY 2023 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fuad | fund | funds | fuads | ||
| Notes | g | 6 | |||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 3442 | 3342 | 4,707 | |
| CURRENT ASSETS | |||||
| Stocks | 13 | 13,651 | 13,651 | 11,860 | |
| Debtors | 14 | 7,728 | 7,728 | 16,949 | |
| Prepayments and accrued income |
20,143 | 20)143 | 2,191 | ||
| Cash atbank and in hand | ~30 00 | ~30 00 | ~79664 | ||
| 71,722 | 71,722 | 110,664 | |||
| CREDITORS | |||||
| Amounts fidting due within one year |
15 | (135324) | (135424) | (156,051) | |
| NET CURRENT ASSETS/(LIABILITIES) | ~63502) | 45 387 | |||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | (60,160) | (60,160) | (40,680) | ||
| CREDITORS | |||||
| Amounts falling due after more than one year |
16 | (179,711) | (179,711) | (224,029) | |
| NET ASSETS/(LIABILITIES) | ~239,871 | - | ~239 871 | ~264 709 | |
| FIJNDS | |||||
| Unrestricted funds |
~239 71 | ~264709 | |||
| TOTAL FUNDS | ~239JI71) | ~264,709 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | 0 | & | |||
| Cash flows from operating | acttvittes | ||||
| Cash generated fmm operations |
~47 0 | ~136 161 | |||
| Nct cash used in operating | activities | ~47 | ~136 161 | ||
| Cash Rows from investing Purchase oftangible feted |
activities assets |
~58 | ~3,553 | ||
| Net cash used in investing | activities | ~506 | ~3553 | ||
| Cash Rows from Suancing | acttvMes | ||||
| Ncw loans m year | 50,000 | 176,014 | |||
| Loan repayments in year |
~51 9 |
~5556 | |||
| Net cash (used in)/provided | by Snsncing activities | ~170458 | |||
| Change iu cash and cash | equivalents | in | |||
| the reporting period |
(49)464) | 30,744 | |||
| Cash and cash eqmvalents | at the | ||||
| beginning ofthe reporthsg | period | ~79664 | 4&920 | ||
| Cash and cash equivalents | at the end | of | |||
| tbe reporting period |
~30 00 | ~79 664 |
| RECONCILIATION OPNET INCOME/(E OPERATING ACTIVITIES |
XPENDITURE) TO NET |
CASH PLOW FROM | |
|---|---|---|---|
| 2023f | 2022 | ||
| Net income/(expendltare) for the reporting Statement ofFinancial Activities) Adjustments for: |
period (as per the | 24,838 | (198,728) |
| Depreciation charges |
I r/50 | 2,162 | |
| (Increase)/decrease in stocks |
(1,791) | 298 | |
| (increase)/decrease in debtors |
(8,731) | 16,676 | |
| DDccrease)/increase in creditors |
~63 75 | ~43431 | |
| Net cash used in operations | 47 09 | ~136161) |
| ANALYSIS OF CHAN | GES IN NET DEBT | |||
|---|---|---|---|---|
| At I/8/22 | Cash flaw | At 31/7/23 | ||
| 8 | 8 | f. | ||
| Net cash | ||||
| Cash atbank and in hand | ~79664 | ~49464 | ~30 200 | |
| ~79664 | ~49 464 | ~30280 | ||
| Debt | ||||
| Debts falling due within Debts falling due sfler 1 |
1year year |
(5,000) (2~13 |
(40,000) ~41 70 |
(45,000) (1~ |
| (2~19 33 | ~170 | (2~17 63 | ||
| (1~39869 | ~47 894 | (1~87763 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 275~ | 2698.15 | ||||
| ~105 7 |
101047 | ||||
| ~381 050 | 370 2 |
||||
| Grants received, included | in the above, are as follows: | ||||
| 2023 | 2022 | ||||
| 5 | 5 | ||||
| Grants - Charitable Other grants |
foundations | 105Jt46 1 |
101,047 | ||
| ~105 7 |
~101 047 | ||||
| INVESTMENT INCOME | |||||
| 2023 | |||||
| 5 | |||||
| Intcrcst Received | 141 | ||||
| INCOME liROM | CHARITABLE ACTIVITIES | ||||
| 2022 | |||||
| 5 | |||||
| Concrst and workshop | |||||
| income Subscriptions Consist and workshop |
Concert and Workshop Concert and Workshop |
210r400 6,014 |
343,116 | ||
| income Subscriptions Subscriptions Concert and workshop income Merchandising income |
Grants and fundraising Grmus and fundraisiog Subscriptions M~ income Mcichadising income |
65,777 10,145 L396 ~29 |
17,494 ~6981 |
||
| ~367591 |
| 5. | RAISING FUNDS | RAISING FUNDS | ||||
|---|---|---|---|---|---|---|
| Raising donations | aad legacies | |||||
| 2023 | 2022 | |||||
| 6 | ||||||
| Other direct costs | ~3730 | ~47 035 | ||||
| 2023 | 2022 | |||||
| 20,605 | ||||||
| 158 | ||||||
| ~2763 | ||||||
| Aggregate | amounts | ~67 798 | ||||
| 6. | CHARITABLEAC~ COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 7) | Totah | ||||
| 6 | 8 | |||||
| Concert aod Workshop Support costs |
447,132 ~170577 |
~2183 | 447,132 ~172760 |
|||
| ~617 709 | ~2183 | ~619 892 | ||||
| 7. | SUPPORT | COSTS | ||||
| Support costs |
| 2023 | 2022 |
|---|---|
| ~151 | ~2161 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 8 | ||||
| Wages and salaries | ~40 145 | ~168851 | ||
| ~40 145 | ~168&51 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2023 | 2022 | |||
| Admi n and support | 9 | 10 | ||
| Fundraising | I | 1 | ||
| 10 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| INCOME AND ENDOWMEBKS FROM | fend | fundf | funds 0 |
|
| Donations and legacies |
269,215 | 101,047 | 370462 | |
| Charitable activities |
||||
| Concert and Workshop Subscriptions Merchadising income |
107,245 17,494 ~6981 |
235,871 | 343,116 17,494 6981 |
|
| Total | 400935 | ~336918 | ~737$53 | |
| EXPENDITURE ON | ||||
| Raising funds | 67,79$ | 67,798 | ||
| Charitable activities |
||||
| Concert and Workshop Governance costs |
527,479 ~4386 |
336,918 | 864,397 ~486 |
|
| Total | ~599663 | 336918 | 936581 | |
| NET INCOME/(EXPENDITURE) | (198,72$) | (198,728) | ||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward | (65,981) | (65,981) |
| 11. | COMPARATIVES FOR THE STATEMENT OFFINANCIAL | COMPARATIVES FOR THE STATEMENT OFFINANCIAL | ACTIVITII'S | -contlaued | |
|---|---|---|---|---|---|
| Unrestricled | Restricted | Total | |||
| fund | fund | funds | |||
| 5 | |||||
| TOTAL FUNDS CARRIED FORWARD | ~264 709 | ||||
| 12. | TANGIBLE FIXEDASSETS | ||||
| OBlce | Computer | ||||
| Set Costs | Equipment f |
equipment 5 |
Totals 6 |
||
| COST At 1August 2022 |
10,000 | 3435 | 1~ | 214327 | |
| Additions | 67 | 519 | 586 | ||
| Dispossls | ~10000 | ~0000 | |||
| At 31July 2023 | ~3402 | ~15 ll | ~18913 | ||
| DEPRECIATION | |||||
| At 1August 2022 Charge for year |
10,000 | 3,114 125 |
10~ Idt26 |
23,620 IP51 |
|
| Eliminated on disposal |
~10000 | ~10000 | |||
| At 31July 2023 | ~3239 | ~12 32 | 1 71 |
||
| NET BOOKVALUE | |||||
| At 31Juiy 2023 | 163 | ~3179 | ~342 | ||
| At 31July 2022 | 221 | ~4486 | 4707 | ||
| 13. | STOCKS | ||||
| 2023 | 2022 | ||||
| Stocks | g ~13 651 |
f ~11 860 |
|||
| 14. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| 5 | |||||
| Trade debtors Other debtors |
7sg27 885 |
25,126 500 |
|||
| Aoctuals Prepayments |
~4016 | (8,930) 253 |
|||
| ~7728 | ~16 949 |
| 2023 | 2022 | |
|---|---|---|
| f | f | |
| Bank loans and ovcrdrstts (see note 17) Trade creditors |
45,000 44,725 |
5,000 107,760 |
| Social security and other taxes | 26,697 | 16,014 |
| Other creditors Accrued expenses |
450 ~1852 |
15,67$ ~11599 |
| ~135 24 | ~156051 |
| CRE | DITORS: AMOUNTS FALLING DUEAFTE | RMORE THAN ONE YEAR | |
|---|---|---|---|
| 2023 f |
2022 | ||
| Bank Other Other |
loans (see note 17) loans (sccnote 17) creditors |
32,963 140,000 ~748 |
3$,519 176,014 ~9496 |
| ~179 711 | 224029 |
| 2022 | ||
|---|---|---|
| Amounts falling due within one year on demand: |
||
| Bank loans | ~45 000 | ~5000 |
| Amounts falling between one and two years: |
||
| Bank loans —1-2years Other loans - 1-5years |
32,963 ~140 |
38,519 176014 |
| 172963 | ~214533 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | betweea | At | ||
| At I/8/22 f |
in funds f |
funds | 31/7/23 | |
| U restricted funds | ||||
| Unrestricted Bmd | (264i709} | (292,812) | 317,650 | (239JI71) |
| Restricted funds | ||||
| Restricted Fund | 317,650 | (317,650) | ||
| TOTAL FUNDS | ~264709 | (%%911) |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| Iesoul'ces | expended | In funds | |||
| Unrestrtcted fttnds |
|||||
| Unrestricted Fund |
365J/10 | (658+22) | (292,812) | ||
| Restricted funds | |||||
| Restricted Fund | 317,650 | 317,650 | |||
| TOTAL FUNDS | |||||
| Comparatives for movement |
lu Iauds | ||||
| Net | |||||
| movement | At | ||||
| At I/8/21 f |
in funds | 31/7/22 | |||
| Unrestricted funds |
|||||
| Unrcstrictcd Fund |
(65,981) | (198,728) | (264,709) | ||
| TOTALFUNDS | 65981 | ~198728) | ~264 709 | ||
| Comparative net movement |
in | funds, included | in the above are as follows: | ||
| Resources | Movement | ||||
| expended | ln funds | ||||
| Unrestricted funds |
|||||
| Unrestricted Fund |
4M,935 | (599,663) | (198,728) | ||
| Restricted ftmds | |||||
| Restricted Fund | 336,918 | (336,918) | |||
| TOTAL FUNDS | ~737853 | 936581 | ~198728) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At I/8/21 f |
in funds 8 |
funds | '31/7/23 8 |
|
| Unrestricted funds |
||||
| Unrestricted Fund |
(65,981) | (491,540) | 317„650 | (239,871) |
| Restricted funds | ||||
| Restricted Fund | 317,650 | (317,650) | ||
| TOTAL FUNDS | ~65981 | ~173,890 | - | ~239871 |
| Incomhrg | Remurces | Movemeat | |
|---|---|---|---|
| retells'ees | expended | ln ttmds 8 |
|
| Unrestricted funds |
|||
| Umestricted Fund |
766,745 | (L258285) | (491,540) |
| Restricted gauds | |||
| Restricted Fund | 654,sea | (336,918) | 317,650 |
| TOTAL FUNDS | 1~421313 | (1~95203) | ~173890 |
| 2023 | 2022 | ||
|---|---|---|---|
| 8 | |||
| INCOME ANDENDO~ | |||
| Donations and legacies | |||
| Donations Grants |
275~ ~105 7 |
269,215 101,047 |
|
| 381,050 | 370,262 | ||
| Iavestment income |
|||
| Interest Received | 141 | ||
| Charitable achvitiss |
|||
| Conceit and workshop Subscriptions Merchandising income |
income | 277,581 16,159 ~829 |
343,116 17,494 ~6981 |
| ~302 9 |
~367591 | ||
| Total incoming resources | 683,460 | 737,853 | |
| EXPENDITURE | |||
| Raising donations and |
legacies | ||
| Other direct costs | 38,730 | 47,035 | |
| Other trading activities | |||
| Wages Depreciation oftangible |
fixed assets | 20,605 158 |
|
| 20,763 | |||
| Charitable activities |
|||
| Wages Other direct costs Depreciation oftangible |
fixed assets | 40,145 575,614 ~1950 |
147,751 714,652 ~1994 |
| 617,709 | 864397 | ||
| Support costs | |||
| Governance costs | |||
| Wages | 495 | ||
| Other direct costs | 625 | ||
| Accountancy and legal fees Depreciation oftangible fixed assets |
3~6 10 |
||
| 2,183 | 4,386 |
| 2023 | 2022 | ||
|---|---|---|---|
| Total resources expended | M8822 | ~936581 | |
| Net income/(expenditure) | ~24 | 8 | j19S,728) |