This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2022-08-31-accounts

					Page
Trustees'	annual report (incorporating		the director's report)
Independent auditor's		report to the members
Statement	offinancial	activities (including		income and expenditure
account)
Statement	offinancial	position
Statement	ofcash flows				10
Notes to	the financial	statements

						2022		2021
					Unrestricted	Restricted
					funds	funds	Total funds	Tohtl funds
				Note		f.
Income and endowments
Donations and	legacies			5	25,000		Z5,000	83,500
Charitable activities				6	1,111,354		1,111,354	872,835
Other income				7	63,627		63,627	85
Total income					1,199,981		1,199,981	956,420
Expenditure
Expenditure on	raising funds:
Costa ofraising donations			and
legacies				&				(13,029)
Expenditure on	charitable activities			9710	1,095,525	26,199	1,121,724	1,025,675
Total expenditure					1,095,525	26,199	151219724	10124646
Net income/(expenditure)		and	net	movement
in funds					164,456	(26,199)	76,267	(56.226)
Reconciliation	offunds
Total funds brought forward					455704	261199	' 719903	128,129
Total funds carried forward					150,X60		150,160	71,903

	31stAugust 2	022
			2022	2021
		Nate
Current assets
Debtors			118,702	47,893
Cash atbank and in hand			107%116	124,819
			225,818	172,712
Creditota: amouuts	falling due within one year	16	75,658	100,809
Net current assets			150,160	71,903
Total assets less current liabilities			150,160	71,903
Net assets			150,160	71,903
I%nods ofthe charity
Restricted funds				26,199
Unrestricted funds			150,160	45,703
Total charity funds		18	150,160	71,903

				2022	2021
Cash flows from operating		activities
Net income/(expenditure)				78,257	(56,226)
Adj ustmenis for.'
Interest payable	and similar	charges		669	'352
Accrued expenses				21)014	17,174
Changes in:
Trade and other	debtors			(70,809)	49,948
Trade and other	creditors			(46,165)	42,771
Cash generated	trom operations			(17,034)	54,019 ' .
Interest paid				(669)	(352)
Net cash (used	in)/from operating activihes			(17,703)	53,667
Net (decrease)/increase in		cash and cash	equivalents	(17,703)	53,667
.Cash and cash	equivalents	at beginning	ofyear	124,819	71,152
Cash and cash	equivalents	at end ofyear		107,116	124,819

5.	Donations	and legacies	and legacies	and legacies	and legacies
								Unrestricted		Resh icted
								Funds		Fsunds			2022		2021
										g			g
	Grants 84;awards							25,000				25,000			83,500
6.	Charitable		activities
							Unr estricted	Restricted		Total Funds					Total Funds
							funds 2022	funds	Z022	2022			2021		2021
									g
	Performance			fees			1,111,354			1,111,354	872,835				872,835
7.	Other income
								Unrestricted		Total Fuuds	Unrestricted				Total Funds
									Funds	2022	.		Funds		2021
										K	'
	Other income			receivable					63,627	63,627		'	85		85
	This relates		to	orchestral		tax	relief.
8.	Costs of'raising				donations		and legacies
								Unnetricted		Restricted	Total	Funds		Total Funds
								Funds	2022	Funds 2022			2022	'	2021
	Fundraising		Ecpublicity												65481
	Government		furlough
	received														(19,510)
															(13,029)
9.	Expenditure			on	charitable		activities by fund type
								Unrestricted		Restricted	Total	Funds			Total Funds
								Funds		Funds			2022		2021
									g
	Charitable		activities.
	expenses							939,151		Z6s199		965,350			885,890
	Commission			on	royalties				15s277				15,277		10,790
	Support costs							141,097				141,097			128,995
								1,095,525		26,199	1,121,724				1,025,472

10.	Expenditure		on charitable	act	ivities by a	ctivity type
						Unrestricted		Resh icted	Total I'unds		Total Funds
						Funds		Funds		2022	2021
	Charitable	activities
	expenses					939,151		26,199		965s350	885,890
	Cominission		on royalties			15,277				155277	10,790
	Support costs					141,097				141,097	128,995
						1,095,525		26,199	'	1,121,724	1,025,675
li.	Analysis ofsupport costs
				.Performanc		Employmen
					e&	f8'	'
				promotion		education of		Governance
					ofmusic	young		costs		Total 2022	Total 2021
								g
	Governance	costs			36,992	21,335		20,887		79,214	62,526
	Finance costs							669		669	352
	Human resources				30,107	15,554		15,554		61,214	66,II7
					67,099	36,889		37,110		141,097	128,995
12.	Independent	examination		fees
										2022	2021
	Fees payable	tothe independent			examiner for:
	Independent	examination ofthe			financial statements					1,750	1,750
	Other financial		services							7,250	3,750
										9,000	5,500

15.	Debtors
				2022	2021
	Trade debtors			28,972	99
	Prepayments	and accrued income		23,504	26,405
	Other debtors			66,226	21,389
				118,702	' 47,893
16.	Creditors: amounts		falling due withiu one year
				2022	2021
	Trade creditors			59846	4,051
	Accruals and	deferred income		659060	46,947
	Social seciirity and other taxes			1,900	54,558
	Other creditors			2,852	(4,747)
				75,658	100,809

Unrestricted	funds
			At				At
		1st	September			31stAugust	2
			2021	Income	Expenditure	022
						R
Unrestricted	fund		45,704	1,199,9&1	(1,095,525)	150,160
			At				At
		1st	September			31stAugust	20
			2020	Income	Expenditure		21
					f.
Unrestricted	fund		101,930	956,420	(1,012,646)	45,704

18.	Analysis ofcharitable	Analysis ofcharitable	funds (iensnsed)
	Restricted	funds
				At			At
				1st September			31stAugust 2
				2021	Income	Expenditure	022
	Restricted	Fund		26,199		(26,199)
				At			At
				1stSeptember		31stAugust 20
				2020	income	Expenditure	21
	Restricted	Fund		26,199			26,199
19.	Analysis ofnet assets		between funds
				Unrestricted	Restricted	Total	Total Funds
				Funds	Funds	Funds 2022	2021
				E	g	f.
	Current assets			225,818		225,818	172,712
	Creditors	less than 1year		(75,658)		(75,658)	(100,809) .
	Net assets/(liabilities)			150,160		150,160	71,903
20.	Aualysis ofchanges in net debt
							At
					At 1Sep2021	Cash flows	31Aug 2022
	Cash at bank and in hand				124,819	(17,703)	107,116
21.	Related parties