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2022-03-31-accounts

Contents				Page No.
Members ofthe Board and professional			advisors
Directors' report
Independent auditor's report	to the	Directors
Statement offinancial activities (incorporating
the income and expenditure	account)			10
Consolidated balance sheet
Company balance sheet				12
Statement ofcash flows				13
Notes forming part ofthe financial		statements		14to 21

Directors		Michael SAbrahams
		Stephen A Allen
		Stephen LBarter
		Alan D Gemes (Chair)
		Roger A Le Tissier
		Alison FMeek
		Guy RPerricone
		Paul D McCreesh
		Louise MV Soden
		Susie York-Skinner
General Manager		Madeleine M. Cowell
Main address		2Northdown Street, King's Cross,
		London Nl 9BG
Registered	office	Airport House, Purley Way, Croydon,		CRO OXZ
Company	number	05706385
Charity number		1114146
Auditors		Able dk Young Ltd, Chartered	Certified	Accountants,
		Airport House, Purley Way, Croydon,		CRO OXZ
Bankers		Lloyds Bank Plc,
		72Fenchurch Street, London	EC3P 3EH

			Unrestncted	Unrestncted	Restricted
				funds	funds	Total	Total
			Notes	2022	2022	2022	2021
Income:
Donations and legacies			6	204,893	207,009	411,902	133,592
Income from charitable	activities
Concerts and performances			7	311,317		311,317	146,370
Total incoming resources				518,210	207,009	723,219	279,962
Expenditure:
Costs of raising funds			8	32,140		32,140	15,956
Charitable activities			8	478,966	207,009	885,975	212,348
Total expenditure				511,106	207,009	718,115	228,304
Net income/(expenditure)		and net
movement In funds forthe year				5,104		5,104	51,658
Transfers
				5,104		5,104	51,658
Fund balances brought forward				53,635		53,635	1,977
Fund balances carried	forward			58,739		58,739	53,635

			Notes	2022	2021
Fixed assets
Tangible	assets
Current assets
Debtors			13	152,912	16,387
Cash at bank and		in hand		125,508	261,955
				278,420	278,342
Creditors: Amounts		falling due within one year	14	(219,682)	(224,708)
Net current assets				58,738	53,634
Total assets	less current liabilities			58,739	53,635
Funds
Unrestricted	funds			58,739	53,635

			Notes	2022	2021
Fixed assets
Tangible	assets		11	1	1
Investment			12	100	100
				101	101
Current assets
Debtors			13	152,912	16,387
Cash at bank and		in hand		125,486	261,933
				278,398	278,320
Creditors: Amounts		falling due within one year	14	(220,529)	(225,555)
Net current assets				57,869	52,765
Total assets	less current liabilities			57,970	52,866
Funds
Unrestricted	funds			57,970	52,866

			Group	Charity	Group	Charity
		Notes	2022	2022	2021	2021
				f	F
Cash provided (used) in operating activities		15	(136,447)	(136,447)	219,291	219,291
Cash flows from investing	activities:
Purchase oftangible fixed assets					(778)	(778)
Net cash used in investing	activities				(778)	(778)
Change in cash and cash in the year	equivalents		(136,447)	(136,447)	218,513	218,513
Cash and cash equivalents	brought forward		261,955	261,933	43,442	43,420
Cash and cash equivalents	carried forward		125,508	125,486	261,955	261,933

The consolidated statement subsidiary.	offinancial activities includes	the results ofthe charily's whblly	owned
		2022	2021
Incoming resources		723,219	279,962
Expenditure on costs of raising funds		(32,140)	(15,956)
Expenditure on charitable	activities	(685,975)	(212,348)
Net incoming resources		5,104	51,658
Total funds brought forward		53,635	1,977
Total funds carried forward		58,739	53,635
Represented by Unrestricted funds		58,739	53,635

The make up of income an	d expenditure	between unrestricte	d and restri	cted is as folknvs:
		2022	2022	2021	2021
		Unrestricted E	Restricted	Unrestrictedf	Restricted 6
Income:
Donations and legacies Income from charitable	activities	204,893 311,317	207,009	124,092 146,370	9,500
Total incoming resources		516,210	207,009	270,462	9,500
Expenditure: Costs of raising funds Charitable activities		32,140 478,966	207,009	15,956 202,848	9,500
Total expenditure		511,106	207,009	218,804	9,500
Net Income/(expenditure) and net movement In funds for the year		5,104		51,658

Donations and legacies
	2022f	.2021 F
Donations and gifts
Individuals	100,550	10,241
Trusts and foundations	183,809	9,500
Arts Council	127,543	93,051
Furlough Grant		20,800
	411,902	133,592

oming resou	rces from	ch	aritable activ	ities
						2022	2021
						F
Concert income						310,743	49,937
Orchestra tax relief							93,938
Miscellaneous	income					574	2,495
						311,317	146,370
alysis ofexpenditure
				Charitable	Fund	Total	Total
				activity	raising	2022	2021
				6
Artists' fees				363,062		363,062	52,026
Performance	and production		costs	145,099	9,286	154,385	14,712
Salaries and	freelance staffing costs			132,049	22,670	154,719	129,299
Depreciation							778
Independent Bank interest Other support	examination paid costs	-	Governance	1,100 46 44,619		1,100 46 44,803	1,100 497 29,893
				885,875	32,140	718,11~	228,304

Analysis ofexpe	nditure (continued)	nditure (continued)
The expenditure	on the main charitable		activities are as follows:
				2022f	2021 F
Concerts and performances				478,879	201,806
Educational activities				207,096	10,542
				685,975	212,348
Staff costs
Staff costs during	the period were	as follows:		2022	2021
Salaries and wages				103,833	97,287
Social security costs				6,667	5,889
Pension costs				2,547	2,373
				113,047	105,549
Freelance staff costs				41,672	23,750
				154,719	129,299
The average number ofemployees		during the period, analysed		by function was:
				Number	Number
Direct charitable	expenditure
chief executive				1
Others				2
					3

Fixed assets
	Furniture	&
	equipment
		F
Cost
At 1 April 2021	4,884
Additions
At 31 March 2022	4,884
Depreciation
At 1 April 2021	4,883
Charge for the period
At 31 March 2022	4,883
Net book value
At 31 March 2022
At 31 March 2021

Debtors
			Group	Charity	Group	Charity
			2022	2022	2021	2021
			F		F	9
Trade debtors			32,422	32,422
Other debtors			120,490	120,490	16,387	16,387
			152,912	152,912	16,387	16,387
Creditors: Amounts	falling	due within one year
			Group	Charity	Group	Charity
			2022 6	2022f	2021f	2021 5
Trade creditors			49,385	49,385	9,615	9,615
Amount owed to subsidiary Other creditors		company	46,198	847 46,198	42,784	847 42,784
Deferred income			124,099	124,099	172,309	172,309
			219,682	220,529	224,708	225,555

15	Reconciliation ofnet	Reconciliation ofnet	movement	in funds to net cash flow	from operating	activities
				Group	Charity	Group	Charity
				2022	2022	2021	2021
				E	F.		F
	Net movement in funds Add back depreciation Decrease (increase) in Increase (decrease) in		charge debtors creditors	5,104 (136,525) (5,026)	5,104 (136,525) (5,026)	51,658 778 101,110 65,745	51,658 778 101,110 65,745
				(136,447)	(136,447)	219,291	219,291