##
|Contents||||Page|
|---|---|---|---|---|
|Members ofthe Board and|professional||adwsors||
|Directors' report|||||
|Independent
examiners
report to||the|Directors||
|Statement
of financial
activities (incorporating|||||
|the income and expenditure|account&|||12|
|Conso Idated balance sheet||||13|
|Company
balance sheet||||14|
|Statement
of cash flows||||15|
|Notes forming
part ofthe financial||statements||16|
##
|Directors|Directors||Michael SAbrahams|||
|---|---|---|---|---|---|
||||Stephen
D Allen|||
||||Stephen
L Barter|||
||||Alan D Gemes (Chair)|||
||||Roger A Le Tissier|||
||||Alison
F Meek|||
||||Guy
R Perricone|||
||||Pau
D McCreesh|||
||||Louise M V Soden|||
||||Susie York-Skinner|||
|General|Manager||Madeieine
M. Cowell (resigned|March|13,2023)|
||||Replaced
by Anna Winstone
appointed||Director of Roar|
||||Deceinber 2022.|||
|Main address|||King Place Music Foundation,|Kings Place, 90York Way,||
||||N1 9GE|||
|Registered office|||Airport
House, Pudey Way, Croydon,||CRO OXZ|
|Company
number|||05706385|||
|Charity|number||1114146|||
|Independent||examiners|Able g Young Ltd, Chartered|Certified|Accountants,|
||||Airport House. Purley Way. Croydon.||CRQ QXZ|
|Bankers|||~oyds Bank Pic,|||
||||72 Fenrhurch
Street, London|EC3P 3EH||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||funds|funds|Total|Total|
||||Notes|2023|2023|2023|2022|
|income:||||||||
|Ocnsticns
and legacies|||6|121,824|236,771|358,595|411,902|
|Income from chantable|acbvibss|||||||
|Concerts and performances|||7|343,549|57,586|401,135|311,317|
|Other trading
acbvftles||||7,686||7,686||
|Investment
income||||10||10||
|Total incoming
resources||||473,059|294,357|767426|723,219|
|Expenditure;||||||||
|Costs of raising
funds|||8|34,211||34211|32,139|
|Chantable
ac\Nitfes|||8|481,318|294,357|775675|685,976|
|Total expenditure||||516,529|294,357|809886|718,115|
|Net income/(expenditure)||and net||||||
|movement
In funds for||the year||(42,460)||(42,460)|5 104|
|Fund balances
brought||fonvaid||58,739||58,739|53,635|
|Fund balances cerned||forrvard||16,279||16,279|58,739|
##
|||||Notes|2023|2022|
|---|---|---|---|---|---|---|
|Fixed senate|||||||
|Tangible|assets||||||
|Current assets|||||||
|Debtors||||13|72,542|152,9f2|
|Cash at bank and||in hand|||133,818|125508|
||||||206,360|278,420|
|Creditors: Amounts||falling due svithln one year|||(190082)|(219,682)|
|Net current assets|||||16,278|58,738|
|Total assets|tees current||lisbi!ities||16,279|58,739|
|Funda|||||||
|IJnrestncted|funds||||16.279|58,739|
##
##
|||||Notes|2023|2022|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible|assets|||11|1|1|
|Investment||||12|100|100|
||||||101|101|
|Con ant assets|||||||
|Debtors||||13|72,542|152,912|
|Cash at bank and||in hand|||133,796|125486|
||||||206,338|278,396|
|Creditors: Amounts||falling due within one year||14|{190,929)|(220,529)|
|Net current assets|||||15,409|57,869|
|Total assets|less current||liabilities||15,510|57,970|
|Funds|||||||
|Unrestricted|funds||||15,510|57,970|
||||||Group|Charity|Group||Cherity|
|---|---|---|---|---|---|---|---|---|---|
|||||Notes|2023|2023|2022||2022|
||||||E|E|E||E|
|Cash provided|(used)
in operating||activi0«s|15|8,310|8,310|f136447 i|1|136447t|
|Change
rn cash
in the year|and cash|equivalents|||8,310|8310||13644; i|f|136447'|
|Cash and cash|equivalents|brought|forward||125,508|125486|261,955||261,933|
|Cash and cash|equivalents|camted|forward||133,818|133796|125,508||125,486|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|Incoming
resources|||||757,426|723,219|
|Expenditure|cn costs ofraising|||funds|(34,211)|(32,139)|
|EXpenditure|cn charaable||ectwities||(775,675)|(685,976)|
|Net incommg|resources||||(42,460)|5, 'I 04|
|Total funds|brought|forward|||58,739|53,635|
|Total funds carried||forward|||16,279|58,739|
|Represented|by||||||
|Unrestricted|funds||||1B,279|58,739|
|The make up ofincome an|d expendirure
|between
unrestrict|ed
and restri|cted
Is as follows|:|
|---|---|---|---|---|---|
|||2023|2023|2022|2022|
|||Unrestricted|Restricted|Unrestncted|Restncted|
|||5||||
|Income:||||||
|Donatlcns
and legades||121,824|23B,771|204,893|207,009|
|Income from cherrlable|activities|343,549|57,586|311,317||
|Other trading
activities||7,686||||
|investment
income||10||||
|Total incoming
resources||473,069|294,357|516,210|207,009|
|Expend iture:||||||
|Costs of raising funds||34,211||32,139||
|Charitable
achvities||481,318|294,357|478,967|207,009|
|Total expenditure||515,529|294,357|511,106|207,009|
|Net income/(expenditure)|and net|||||
|movement
In funds forthe year||(42,460)||5,104||
##
##
##
|Donations|and legacies|||
|---|---|---|---|
|||2023|2022|
|||8||
|Donations|and gifts|||
|Individuals||109,065|100,550|
|Trusts|and foundations|207,030|183,809|
|Arts Council||42,500|127,543|
|||358,595|4f1,902|
##
||||||||2023||
|---|---|---|---|---|---|---|---|---|
||||||||0|6|
|Concsrt income|||||||274,704|310,743|
|OrNtsstra
tar|relief||||||126,431||
|Miscellaneous|mourne|||||||574|
||||||||401,135|311,317|
|alysis ofexpenditure|||||||||
||||||Charitable|Fund|Tots
I|Total|
||||||activity|raisbg|2023|2022|
||||||||8||
|Artists' fess|||||349,265||349,265|363,062|
|Performance|and production|||costs|220,335|1,495|221,830|154,385|
|Salaries and|freelance|stafllng costs|||147,568|32,518|180,076|'l54,719|
|Depreciation|||||||||
|Independent|srsmmation||-|Governance|1,100||1,100|1,100|
|Bank interest|paid||||14||14|46|
|Other support|costs||||57,403|19B|57,601|44,803|
||||||775,675|34,211|809,886|718,115|
##
##
|8|Analysis
ofexpe|nditure(continued}|nditure(continued}|nditure(continued}|||||
|---|---|---|---|---|---|---|---|---|
||The expsndrture|on the main chantable|||acbvrhes|are as follows.|||
||||||||2023|2022|
||Concerts and performances||||||473,231|418,880|
||Educational
acbvrbes||||||302,444|207,096|
||||||||775,675|685,976|
|9|Staff costs||||||||
||Staff costs during|the|period were|as follows.|||2023|2022|
||Salarres and wages||||||108,622|103833|
||Social security costs||||||6,927|6,667|
||Pension coats||||||2.712|'2,547|
||||||||118,261|113047|
||Freelance staff costs||||||61,815|41 672|
||||||||180,076|154,719|
||The average
number||ofemployees|dunng the penod, analysed|||by function was||
||||||||Number|Number|
||Direct charitable|expenditure|||||||
||chref execubve||||||1||
||Others||||||2||
##
##
|11|Fixed assets|||
|---|---|---|---|
|||Furniture|8|
|||equipment||
||Ccst|||
||At 1 April 2022|4,884||
||Additions|||
||At 31 March 2023|4,884||
||Oepreciation|||
||Al 1 April 2022|||
||Charge for the period|||
||At 31 March 2023|||
||I4et book value|||
||At 31 March 2022|||
||At 31 March 2022|||
|12|Investments|||
##
|13|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||Group|Charity|Group|Charity|
|||||2023
E|2023|2CI22
E|2022f|
||Trade debtors|||29,952|29,952|32,422|32,422|
||Other debtors|||42,590|42,590|120,490|120,490|
|||||72,542|72,542|152,912|'(52,912|
|14|Creditors: Amounts|falling|due within one year|||||
|||||Group|Chanty|Group|Chanty|
|||||2023|2023|2022|2022|
||Trade creditors|||21,954|21,954|49,385|49,385|
||Amount
owed io subsidiary||company||847||847|
||Other creditors|||46,233|46,233|46, 'i 98|46,198|
||Deferred income|||121,895|121,895|124,099|124,099|
|||||190,082|190,929|219,682|220,S29|
|15|Reconciliation|of net|of net|movement|in funds to nel cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|
||||||Group|Charity|Group|Charity|
||||||2023|2023|2022|2022|
||||||E|f||6|
||Net movement|in funds|||(42,460)|(42,460)|5,104|5,104|
||Add back depreciation|||charge|||||
||Decrease (increase)||in|debtors|80,370|80,370|(136,525)|(136,525)|
||Increase (decrease)||m|credrtors|(29,600)|(29600)|(5,026) fr|(5,026)|
||||||8,310|8,310|(136,447)|(136,447)|