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|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||||
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|||||||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|
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||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|
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|||||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|
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|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|
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|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|
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|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|
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|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||
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|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|||||||