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2022-08-31-accounts
| KeyManagementpersonnel |
Richard Clark |
|
JayHarris |
|
TomHarris |
|
JamesHunt(resignedJune2O221 |
|
MoiraLambert |
|
SamOwen |
|
Chloe Smith |
|
PeterWhite(appointedSeptember2022) |
| Company Number |
05089501 |
| Charity Number |
11052L3 |
| Registered Office andprincipaladdress |
OrpheusCentre |
|
NorthParkLane |
|
Godstone |
|
Surrey |
|
RHg8ND |
| Auditors |
MooreKingstonSmithLLP, |
|
Chartered Accountants |
|
BetchworthHouse |
|
57-65StationRoad |
|
Redhill, Surrey |
|
RH11.DL |
| Bankers |
coutts& co, |
|
440Strand |
|
London,WC2 |
|
|
|
unrestricted |
Restricted |
Endowment |
Year ended31Yearended31 |
Year ended31Yearended31 |
|
|
|
Funds |
Funds |
Fund |
August2022Àugust2021 |
|
|
Notes |
|
î. |
|
ç. |
|
|
| lnÉome andendowmentsfromi |
|
|
|
|
|
|
|
| Donationsandgrãñts |
|
|
264,425 |
r43397 |
|
447,422 |
476,577 |
| Châritãble ãctivities |
|
|
2,515,603 |
804,915 |
|
3,320,518 |
2,709,447 |
| othertradang âctiv¡t¡es |
|
|
93,255 |
|
|
93,255 |
69,734 |
| lnvestments |
|
|
792 |
|
|
792 |
140 |
| TôÌâl ¡ñcome |
|
|
2,87a,475 |
988,312 |
|
t,a61,187 |
3,255,686 |
| Êxpendlture on! |
|
|
|
|
|
|
|
| Rais¡ngfunds |
|
|
357,281 |
|
|
3s7,2A7 |
464,862 |
| charitableact¡vit¡es |
|
|
2,O30,37! |
7,224,764 |
|
3,255,135 |
2,632,496 |
| Total expenditure |
|
5 |
2,387,658 |
7,224,764 |
|
3,612,422 |
3,O97,75A |
|
|
|
485,877 |
1236,4s2], |
|
249,365 |
7s7,924 |
| Net ga¡ns/Ílossesl oninvestments |
|
9 |
(194,616) |
|
|
(194,616) |
24s,77s |
| Netincome |
|
|
297,207 |
236,4s21 |
|
54,749 |
403,643 |
| Transters between lunds |
|
13 |
15,868 |
68,463 |
(84,331) |
|
|
| Netmovementinfunds for the |
year |
|
307,069 |
(167,989) |
(84,331) |
54,749 |
403,643 |
| Reconcil¡ationoffunds |
|
|
|
|
|
|
|
| Fundsbroughtforuard |
|
|
4,848,509 |
548,186 2,779,7077,575,796 |
|
|
7,172,753 |
| Fundscarr¡edforuard |
|
13 |
5,155,578 |
380,1972,O94,77O7,630,545 |
|
|
7,575,796 |
|
|
2022 |
2021 |
|
Notes |
f |
f |
| Fixedassets |
|
|
|
| Tangiblefixedassets |
I |
4,304,738 |
4,106,556 |
| lnvestments |
9 |
2,764,222 |
2,509,939 |
| Totalfixedassets |
|
7,069,960 |
6,615,?94 |
| Currentassets |
|
|
|
| Debtors |
10 |
273,593 |
157,539 |
| Cashat bank and inhand |
|
513,863 |
1,005,370 |
| Total currentassets |
|
727,456 |
I,162,9O9 |
| Liabilities |
|
|
|
| Creditors: amountsfallingduewithinoneyear |
tt |
165,87r |
202,507 |
| Net currentassets |
|
561,585 |
960,402 |
| Totalassetslesscurrentliabilities |
|
7,630,545 |
7,575,796 |
| Total netassets |
|
7,630,545 |
7,575,796 |
| Representedby: |
|
|
|
| Endowment funds |
13 |
2,094,77O |
2,t7g,roL |
| Restrictedfunds |
13 |
380,197 |
548,186 |
| Unrestrictedfunds |
13 |
5,155,578 |
4,g4g,5og |
|
|
7,690,545 |
7,575,796 |
|
Yearended31 |
Year ended 31 |
|
August2022 |
August 2021 |
| Notes |
E |
c. |
| Net cashprovidedbyoperatingactivities |
456,059 |
549,608 |
| Cashflows frominvestingactivities |
|
|
| Purchaseoftangiblefixedassets |
(497,566|(t96,237) |
|
| Purchaseof investments |
(450,000) |
(600,000) |
| Disposal proceeds |
|
3,232 |
| Changeincashandcashequivalents |
(491,507) |
(243,397) |
| Cashandcashequivalentsatthebeginning ofthe |
|
|
| report¡ng period |
1,005,370 |
L,248,767 |
| Cashandcashequivalentsattheendofthe |
|
|
| reportingperiod |
513,863 |
1,005,370 |
| a.Reconciliation of netincometonetcashinflow fromoperat¡ng |
act¡v¡t¡es |
|
| Net income beforegainson¡nvestments |
249,365 |
L57,928 |
| Adjustments for: |
|
|
| Depreciationandwrite-offoffixedassets |
297,875 |
252,Ltg |
Losson disposaloffixedassets
Decrease/(increase)indebtors |
1,509
(56,054) |
2,L78
54,422 |
| (Decrease)/increase increditors |
(36,636) |
83,O27 |
| Netcashprovidedbyoperatingactivities |
456,059 |
549,608 |
| Freehold buildings |
50years |
| Building improvements |
10years |
| Musicâlinstruments |
5years |
| Furnitureandequipment |
5years |
| Computerequipmentand musictechnology |
3years |
| Motorvehicles |
4yeãrs |
| 2 |
INCOME FROMDONATIONSANDGRANTS |
|
|
|
|
|
Yearended31August2022 |
Unrestricted |
Restricted |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
f |
f |
e |
f |
|
|
2022 |
2022 |
2022 |
2022 |
|
Donat¡ons |
204,425 |
93,906 |
|
298,331 |
|
Grants |
60,000 |
89,491 |
|
L49,49L |
|
Total donations |
264,425 |
t8r,397 |
|
447,822 |
|
Yearended31August2021 |
Unrestr¡cted |
Restricted |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
r. |
L |
C |
r. |
|
|
2021 |
2021 |
2021 |
202t |
|
Donat¡ons |
335,062 |
141,360 |
|
476,422 |
|
Grants |
|
150 |
|
150 |
|
Total donations |
335,062 |
141,509 |
|
476,57t |
| 3 |
INCOME FROMCHARITABLE ACTIVITIES |
|
|
|
|
|
Yearended31August2022 |
Unrestricted |
Restricted |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
î. |
f |
r. |
€ |
|
|
2022 |
2022 |
2022 |
2022 |
|
Learn¡ngprogramme: |
|
|
|
|
|
Learning fees |
L,670,479 |
804,915 |
|
2,475,394 |
|
Boxoffice |
2,44t |
|
|
2,44t- |
|
Grants anddonations |
|
|
|
|
|
|
t,672,92O |
804,915 |
|
2,477,835 |
|
Domiciliary care: |
|
|
|
|
|
Domiciliarycare fees |
632,309 |
|
|
632,309 |
|
|
632,309 |
|
|
632,309 |
|
Supported housing: |
|
|
|
|
|
Rent |
2t0,374 |
|
|
2to,374 |
|
Grants |
|
|
|
|
|
|
21o,374 |
|
|
21o,374 |
|
|
2,515,603 |
804,915 |
|
3,320,518 |
|
Yearended31August2021 |
Unrestr¡cted |
Restr¡cted |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
ç- |
f |
ç. |
E |
|
|
202t |
202L |
2021 |
2021 |
|
Learningprogramme: |
|
|
|
|
|
Learning fees |
I,232,315 |
377,881. |
|
t,6to,256 |
|
Boxoffice |
206 |
|
|
206 |
|
Grants anddonations |
|
|
|
|
|
|
1,232,581 |
377,84! |
|
t,6to,46t |
|
Ðomiciliarycare: |
|
|
|
|
|
Dom¡ciliary care fees |
884,998 |
|
|
884,998 |
|
|
884,998 |
|
|
884,998 |
|
Supported housing: |
|
|
|
|
|
Rent |
2t4,381 |
|
|
214,38t |
|
Grants |
|
|
|
|
|
|
214,381 |
|
|
214,381 |
|
|
2,331,960 |
377,881 |
|
2,709,841 |
| 4 |
OTHER TRADING ACTIVITIES |
|
|
|
|
|
Year ended31August 2022 |
Unrestr¡cted |
Restricted |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
C |
f |
Ê |
Ê |
|
|
2022 |
2022 |
2022 |
2022 |
|
Hire offacilities |
46,992 |
|
|
46,992 |
|
Salesofgoodsandservices |
24,218 |
|
|
20,2r8 |
|
Otherincome |
26,045 |
|
|
26,045 |
|
|
93,255 |
|
|
93,255 |
|
Yearended31August 2021 |
Unrestricted |
Restr¡cted |
Endowment |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
Ê |
ç. |
C |
Ê |
|
|
2021 |
202t |
2021 |
202t |
|
Hire offac¡l¡t¡es |
46,993 |
|
|
46,993 |
|
Salesofgoodsand services |
70,376 |
|
|
LO,376 |
|
Other income |
77,765 |
|
|
Lr,765 |
|
|
69,134 |
|
|
69,LU |
| 5 |
EXPENDITURE |
|
|
|
|
|
Yearended31August 2022 |
Staff |
Other |
Allocat¡on |
2022 |
|
|
costs |
direct |
ofcentaal |
Total |
|
|
|
costs |
costs |
|
|
|
Ê |
Ê |
î. |
E |
|
cost ofrais¡ngfunds |
195,393 |
49,528 |
!L2,366 |
357,287 |
|
Costof char¡table act¡vit¡es: |
|
|
|
|
|
Learningprogramme |
7,087,778 |
175,305 |
690,727 |
r,947,8tO |
|
Residential & domicil¡ary care |
557,531 |
32,985 |
270,6t6 |
861,132 |
|
Supported housing andEstates |
203,247 |
tro,204 |
97,933 |
411,384 |
|
LossonF¡xedAssetD¡sposals |
1,509 |
|
|
1,509 |
|
Governance |
31,600 |
r,700 |
|
33,300 |
|
|
2,O7L,O58 |
169,722 |
t,ttt,642 |
3,6t2,422 |
|
Yearended31August 2021 |
Staff |
Other |
Allocation |
202! |
|
|
costs |
direct |
of central |
Total |
|
|
|
costs |
costs |
|
|
|
E |
E |
€ |
î. |
|
Costofra¡s¡ngfunds |
301',724 |
98,O27 |
65,7Lt |
464,862 |
|
Costof char¡tableact¡v¡t¡es: |
|
|
|
|
|
Learn¡ngprogramme |
L,096,262 |
79,407 |
275,985 |
L,451,654 |
|
Res¡dent¡al& dom¡c¡l¡ary care |
801,886 |
1,835 |
289,126 |
L,O92,847 |
|
Supported hous¡ng |
29,529 |
1,808 |
26,284 |
57,627 |
|
LossonFixed Asset Disposals |
|
|
2,t19 |
2,1L9 |
|
Governance |
7,655 |
21,000 |
|
28,655 |
|
|
2,236,456 |
2O2,O77 |
659,225 |
3,097,758 |
|
Y€ar ended 31 |
Yearended31 |
|
August |
August |
| Employment costs |
2022 |
202L |
|
ç. |
î. |
| Salariesandwages |
2,79r,956 |
2,004,606 |
| Socialsecuritycosts |
205,239 |
t68,672 |
| Pension Costs |
74,53t |
37,286 |
| Total employment costs |
2,471,726 |
2,zto,5U |
|
Number |
of Employees |
Pension |
Contr¡but¡ons |
|
2022 |
202r |
2022 |
2021 |
| Ê60k-70k |
2 |
1 |
4,403 |
1,316 |
| Ê70k-80k |
|
0 |
00 |
|
| Ê80k-90k |
0 |
1 |
0 |
1,314 |
| €90k-100k |
L |
0 |
2,201 |
0 |
| NETTNCOMTNG/(OUTGOING)RESOURCES |
|
|
|
Yearended31 |
Yearended31 |
|
Außust |
August |
|
2022 |
202L |
|
f |
E. |
| Netincomingresources beforetransfersarestated aftercharging: |
|
|
| Depreciât¡on |
297,875 |
252,779 |
| Bankinterest |
2 |
707 |
| lnvestment managementfees |
19,687 |
9,108 |
| Aud¡tors' remunerat¡on |
75,L44 |
12,000 |
| Aud¡tors' non-aud¡t remunerat¡on |
6,840 |
L4,400 |
|
Freehold |
Musical |
Furn¡ture& |
Motor |
Total |
|
land&bu¡ldinBs |
instruments |
equipment |
vehicles |
|
|
E |
€ |
E |
f |
C |
| Cost |
|
|
|
|
|
| At3lAugust2021 |
5,488,630 |
52,987 |
942,4!5 |
94,s43 |
6,578,575 |
| Additions |
397,434 |
|
100,132 |
|
497,566 |
| D¡sposals |
|
|
(88,901) |
|
(88,901) |
| At31August2022 |
5,885,064 |
52,9A7 |
953,646 |
94,543 |
6,947,24O |
| Depreciation |
|
|
|
|
|
| At31August2021 |
t,72L,46t |
36,502 |
640,103 |
73,953 |
2,472,OLg |
| Chargefor theyear |
t47,516 |
6,279 |
134,600 |
9,480 |
297,A75 |
| Disposals |
|
|
(87,392| |
(87,3921 |
|
| At31August 2022 |
r,868,977 |
42,74t |
687,tLt |
83,433 |
2,642,5O2 |
| Netbookvalue |
|
|
|
|
|
| At31August2022 |
4,O!7,087 |
to,206 |
266,335 |
11,110 |
4.304.738 |
| At31August 2021 |
s.767.L69 |
16,485 |
302,3L2 |
20,590 |
4,106,556 |
| INVESTMENTS |
|
|
|
2022 |
202L |
|
|
|
|
€ |
€ |
| Market valueasat 31August2021 |
|
|
|
2,508,838 |
7,663,723 |
| Add:additionsto¡nvestmentsatcost |
|
|
|
450,000 |
600,000 |
| Add: net ga¡n/loss onrevalual¡on |
|
|
|
(194,616) |
245,7t5 |
| Marketvalueasat31August2022 |
|
|
|
2,764,222 |
2,508,838 |
| H¡stor¡cal costasat 31August2022 |
|
|
|
2,74L,234 |
2,24t,OO5 |
|
|
|
|
31August |
31August |
|
|
|
|
2022 |
202L |
| Spl¡tas: |
|
|
|
Ê |
f |
| Fixedasset ¡nvestments |
|
|
|
2,764,222 |
2,508,838 |
| Currentasset ¡nvestments |
|
|
|
|
|
|
|
|
|
2,764,222 |
2,508,838 |
| Comprisedof: |
|
|
|
|
|
| L¡stedequ¡ties |
|
|
|
2,662,207 |
2,422,639 |
| Cashheldwithin the investmentportfolio |
|
|
|
102,015 |
86,199 |
|
|
|
|
2,764,222 |
2.508.838 |
| 10 |
DEBTORS |
|
|
|
|
31August |
31August |
|
|
2022 |
202L |
|
|
ç, |
€ |
|
Student income |
36,911 |
29,803 |
|
Other debtors,prepaymentsandaccruedincome |
t76,682 |
127,736 |
|
|
213,593 |
157,539 |
| 11 |
CREDITORS:AMOUNTSFAttlNGDUE |
31August |
31August |
|
WITHINONE YEAR |
2022 |
202t |
|
|
r. |
f |
|
Othertaxesandsocialsecurity |
62,395 |
57,498 |
|
Wages |
23,97r |
8,342 |
|
Other creditors andaccruals |
79,565 |
736,667 |
|
|
L65,87L |
202',507 |
| 12 |
FINANCIATINSTRUMENTS |
|
|
|
|
31August |
31Au8ust |
|
|
2022 |
2021 |
|
|
î. |
ç. |
|
Carryingamountoffinancialassets |
|
|
|
Financial assetsmeasured at fair value through theSOFA |
2,764,222 |
2,508,838 |
|
Financial assetsmeasured at amortisedcost-debtorslessprepayments |
I48,267 |
TT]-,I7O |
|
|
2,912,489 |
2,620,009 |
|
Carryingamountoffinancial liabilities |
|
|
|
Financialliabilities measured at amortisedcost |
1o3,476 |
145,009 |
| 13 |
MOVEMENT INFUNDS |
|
|
|
|
|
|
Yearended31August 2022 |
AtISeptember |
lncoming |
outgoing |
Transfers |
At31Autust |
|
|
2021 |
resources |
resources |
|
2022 |
|
|
f |
E |
f |
€ |
E |
|
ExpendableEndowmentFund |
|
|
|
|
|
|
Buildings andequ¡pment |
2,L79,t1t |
|
|
(84,331) |
2,094,770 |
|
Restrictedfunds |
|
|
|
|
|
|
GortonFund |
5,109 |
|
(1,e28) |
|
3,181 |
|
Outreach Programme |
t46,222 |
1,000 |
{38e) |
|
146,833 |
|
Learn¡ngProgramme |
|
804,91s |
(804,915) |
|
|
|
AlchemyFoundation |
|
44,860 |
(44,860) |
|
|
|
colN |
43,733 |
|
(10,s86) |
|
33,r47 |
|
Transit¡ons Fund |
22t,372 |
80,936 |
(133,992) |
|
168,316 |
|
Minibus Fund |
2,527 |
|
|
|
2,s27 |
|
Muga |
L24,056 |
25,000 |
(205,236) |
56,180 |
|
|
Gamesequ¡pment |
LL6 |
|
|
|
116 |
|
Musiclessons |
1,000 |
|
|
|
1,000 |
|
Enterprise Café |
|
tt,700 |
(8,129) |
|
3,577 |
|
Sculpture Trail |
|
13,340 |
(448) |
|
72,892 |
|
Sensory Garden |
|
1,000 |
(10,937) |
11,500 |
1,563 |
|
PlayingCards |
|
2,56L |
(3,344) |
783 |
|
|
NurseA¡dcallSystem |
|
3,000 |
|
|
3,000 |
|
Other activ¡ties |
4,051 |
|
|
|
4,051 |
|
Totäl restr¡cted funds |
548,186 |
988,312 |
(1,224,7641 |
68,463 |
380,197 |
|
Unrestricted funds |
|
|
|
|
|
|
General funds |
7,548,879 |
2,672,297 |
(2,37s,2961 |
(82,0211 |
1,763,8s9 |
|
Des¡gnatedfunds |
|
|
|
|
|
|
LongtermBu¡lding Fund |
1,320,606 |
|
|
(186,133) |
t,t34,473 |
|
Music lessons |
46,220 |
|
(s,800) |
|
40,420 |
|
Newbuilding supportedhousingfund |
30r,793 |
|
|
(7,s39) |
294,254 |
|
ManorHouse Fund |
47,677 |
|
|
116,72s]' |
30,952 |
|
FixedAsset Fund |
1,583,334 |
|
|
308,286 |
LAgt,620 |
|
Total unrestricted funds |
4,848,s09 |
2,672,297 |
(2,381,096)15,868 |
|
5,155,578 |
|
Total funds |
7,575,796 |
3,660,609 |
(3,605,860) |
|
7,630,545 |
| Yearended31August2022 |
|
|
|
|
|
|
Unrestricted |
|
Restricted |
Endourment |
Totel |
|
Funds |
|
Funds |
Funds |
Funds |
|
f |
|
f |
f |
€ |
| Fixed assets |
4,974,r90 |
|
|
2,O94,770 |
7,068,960 |
| Currentassets |
347,259 |
|
380,797 |
|
727,456 |
| Current liabilities |
(16s,871) |
|
|
|
(16s.8711 |
|
5,155,s78 |
|
380,197 |
2,O94,770 |
7,630,545 |
| Yearended31August2021 |
|
|
|
|
|
|
Unrestr¡cted |
Restricted |
|
Endowment |
Total |
|
Funds |
|
Funds |
Funds |
Funds |
|
f. |
|
r |
f |
f |
| Fixed assets |
4,436,293 |
|
|
2,t79,10r |
6,615,394 |
| Currentassets |
614,723 |
|
548,186 |
|
1,762,909 |
| Current liabilit¡es |
(2O2,sO7l |
|
|
|
(2O2,SO7l |
|
4,848,509 |
|
s48,1862,\79,LOL |
|
7,575,796 |
| OPERATING TEASECOMMITMENTS |
|
|
|
|
|
| The char¡ty'sfuturemin¡mum operâtingleasepaymentsareasfollows: |
|
|
|
31August |
31August |
|
|
|
|
2022 |
202L |
|
|
|
|
f |
ç |
| Equipment |
|
|
|
|
|
| With¡noneyear |
|
|
|
4,147 |
I,O49 |
| Betweentwoandfiveyears |
|
|
|
74,282 |
1,O49 |