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|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|
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|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|||
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||||||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)|
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||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|
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|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|
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|||||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|
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|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|
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|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||
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|||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$)||(198,728)|
|RECONCILIATION|OF FUNDS||||
|Total funds brought forward||(65,981)||(65,981)|
##
|11.|COMPARATIVES FOR THE STATEMENT OFFINANCIAL|COMPARATIVES FOR THE STATEMENT OFFINANCIAL|ACTIVITII'S|-contlaued||
|---|---|---|---|---|---|
||||Unrestricled|Restricted|Total|
||||fund|fund|funds|
|||||5||
||TOTAL FUNDS CARRIED FORWARD||||~264 709|
|12.|TANGIBLE FIXEDASSETS|||||
||||OBlce|Computer||
|||Set Costs|Equipment
f|equipment
5|Totals
6|
||COST
At 1August 2022|10,000|3435|1~|214327|
||Additions||67|519|586|
||Dispossls|~10000|||~0000|
||At 31July 2023||~3402|~15 ll|~18913|
||DEPRECIATION|||||
||At 1August 2022
Charge for year|10,000|3,114
125|10~
Idt26|23,620
IP51|
||Eliminated
on disposal|~10000|||~10000|
||At 31July 2023||~3239|~12 32|1
71|
||NET BOOKVALUE|||||
||At 31Juiy 2023||163|~3179|~342|
||At 31July 2022||221|~4486|4707|
|13.|STOCKS|||||
|||||2023|2022|
||Stocks|||g
~13 651|f
~11 860|
|14.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2023|2022|
||||||5|
||Trade debtors
Other debtors|||7sg27
885|25,126
500|
||Aoctuals
Prepayments|||~4016|(8,930)
253|
|||||~7728|~16 949|
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||2023|2022|
|---|---|---|
||f|f|
|Bank loans and ovcrdrstts (see note 17)
Trade creditors|45,000
44,725|5,000
107,760|
|Social security and other taxes|26,697|16,014|
|Other creditors
Accrued expenses|450
~1852|15,67$ ~11599|
||~135 24|~156051|
##
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|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)|
##
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||||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)|
##
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##
|||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|
##
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|||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|
##
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||2023||2022|
|---|---|---|---|
|Total resources expended|M8822||~936581|
|Net income/(expenditure)|~24|8|j19S,728)|