## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|4| |Independent
Examiner's
Report|||| |Statement ofFinancial Activities|||| |Balance Sheet|7|to|8| |Notes to the Financial Statements|9|to|17| |Detailed Statement ofFinancial Activities|18|to|19| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||FOR|THE|YEARENDED 31STMA|RCH 2023|| |---|---|---|---|---|---| |||||31/3/23|31/3/22| |||||Unrestricted|Total| |||||funds|funds| ||||Notes||| |INCOME AND ENDOWMENTS FROM|||||| |Investment
income||||158,139|146,987| |EXPENDITURE ON|||||| |Raising funds|||||| |Investment
management|costs|||1,922|828| |||||1,922|828| |Charitable
activities|||||| |Promotion ofthe playing ofmusical instruments,|||||| |the enjoyment ofmusic|by young people|by|||| |giving the opportunity|to play in aband.|||144,807|113,789| |Provision ofgrants to schools, individuals||and|||| |other organisations
to promote the playing||of|||| |musical instruments.||||21,822|12,780| |Total||||168,551|127,397| |Net gains/(losses)
on investments||||(246,622)|405,689| |NET INCOME/(EXPENDITURE)||||(257,034)|425,279| |RECONCILIATION|OFFUNDS||||| |Total funds brought
forward||||6,232,195|5,806,916| |TOTAL FUNDS CARRIED FORWARD||||5,975,161|6,232,195| ## ||BALANCE SHEET
31STMARCH 2023||| |---|---|---|---| |||31/3/23|31/3/22| |||Unrestricted|Total| |||funds|funds| ||Notes||| |FIXEDASSETS
Tangible assets
Investments|11
12|850,991
5,082,980|852,314
5,029,602| |||5,933,971|5,881,916| |CURRENT ASSETS
Debtors
Prepayments
and accrued income
Cash at bank|13|10,680
2,998
47,486|2,351
1,883
361,904| |||61,164|366,138| |CREDITORS
Amounts
falling due within one year|14|(19,974)|(15,859)| |NET CURRENT ASSETS||41,190|350,279| |TOTAL ASSETSLESSCURRENT
LIABILITIES||5,975,161|6,232,195| |NET ASSETS||5,975,161|6,232,195| |FUNDS|15||| |Unrestricted
funds:
General fund
Designated
Fund- Value oftangible fixed assets
Revaluation
Fund||3,047,959
850,991
2,076,211|3,057,048
852,314
2,322,833| |||5,975,161|6,232,195| |FUNDS||5,975,161|6,232,195| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||31/3/23|31/3/22| |---|---|---|---|---|---|---| ||Investment|property|income||9,913|7,738| ||Common|investment|fund income||147,660|139,178| ||Bank and|Building|Society interest||566|71| ||||||158,139|146,987| |3.|INVESTMENT MANAGEMENT|||COSTS||| ||||||31/3/23|31/3/22| ||Investment|property|management||1,922|828| ## |||||Grant||| |---|---|---|---|---|---|---| |||||funding of||| ||||Direct|activities|Support|| ||||Costs (see|(see note|costs (see|| ||||note 5)|6)|note 7)|Totals| |Promotion ofthe playing ofmusical||||||| |instruments,|the enjoyment ofmusic by|||||| |young people by giving the opportunity||||||| |toplay in a|band.||105,644||39,163|144,807| |Provision ofgrants to schools,||||||| |individuals|and other organisations|to||||| |promote the playing ofmusical||||||| |instruments.||||21,822||21,822| ||||105,644|21,822|39,163|166,629| ## ## ||FORTHE|YEAR ENDED 31STM|YEAR ENDED 31STM|ARCH 2023||| |---|---|---|---|---|---|---| |5.|DIRECT COSTS OFCHARITABLE|ACTIVITIES|||31/3/23|31/3/22| ||Staffcosts
Professional
music teachers
Musical Instruments
repairs and maintenance
Music and concert expenses
Depreciation||||33,710
69,139
284
590
1,921|32,070
54,052
192
558
1,714| ||||||105,644|88,586| |6.|GRANTS PAYABLE||||31/3/23|31/3/22| ||Provision ofgrants to schools, individuals
the playing of musical instruments.|and|other organisations|to promote|21,822|12,780| ||The total grants paid to institutions
during the||year was as follows:||31/3/23|31/3/22| ||St Matthew's
School, Redhill
Reigate & Redhill Music Festival
St Bede's School, Redhill (includes resources
Reigate Parish Church Primary School||shared with other schools)||3,180
17722|2,916
1,500
4,975
791| ||||||20,902|10,182| ||The total grants paid to individuals
during the||year was as follows:||31/3/23|31/3/22| ||Individual
tuition and support
St Bede's School, Redhill (includes resources||shared with other schools)||920|1,444
1,154| ||||||920|2,598| |7.|SUPPORT COSTS||||Governance|| |||||Other|costs|Totals| ||Promotion ofthe playing ofmusical|||||| ||instruments,
the enjoyment ofmusic by|||||| ||young people by giving the opportunity
play in aband.|to||32,928|6,235|39,163| ## ## ## ||||31/3/23|31/3/22| |---|---|---|---|---| |Independent|Examiners'|remuneration|1,650|1,700| |Depreciation|- owned assets||1,922|2,160| ## ## ## |STAFFCOSTS||||| |---|---|---|---|---| ||||31/3/23|31/3/22| ||||E|| |Wages and salaries|||32,402|30,840| |Other pension costs|||1/08|1,230| ||||33,710|32,070| |The average monthly|number ofemployees|during the year was as follows:||| ||||31/3/23|31/3/22| |Average number of|employees||1|1| ## ## ## |TANGIBLE FIXEDASSE|TS||||| |---|---|---|---|---|---| |||||Office|| |||Improvements||and|| ||Freehold|to|Musical|computer|| ||property|property|Instruments|equipment|Totals| |COST|||||| |At 1stApril 2022
Additions|850,000|40,951|18,194|7,306
599|916,451
599| |At 31stMarch 2023|850,000|40,951|18,194|7,905|917,050| |DEPRECIATION|||||| |At 1stApril 2022
Charge for year||40,951|16,030
1,724|7,156
198|64,137
1,922| |At 31stMarch 2023||40,951|17,754|7&354|66,059| |NET BOOK VALUE|||||| |At 31stMarch 2023|850,000||440|551|850,991| |At 31stMarch 2022|850,000||2,164|150|852,314| ## |FIXEDASSETINVES|TMENTS||| |---|---|---|---| ||||Listed| ||||investments| |MARKET VALUE|||| |At 1stApril 2022
Additions|||5,029,602
300,000| |Revaluations|||(246,622)| |At 31stMarch 2023|||5,082,980| |NET BOOKVALUE|||| |At 31stMarch 2023|||5,082,980| |At 31stMarch 2022|||5,029,602| |There were no investment|assets outside the UK.||| |Cost or valuation
at 31st|March 2023 is represented|by:|| ## ## ## ## |13.|DEBTORS:AMOUNTS FALLING DUE WITHI|N ONE YEAR||| |---|---|---|---|---| ||||31/3/23|31/3/22| ||Rental income and tenant|||| ||deposits due
Other debtors||10/08
372|2,351| ||||10,680|2,351| |14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||31/3/23|31/3/22| ||Social security and other taxes||1,586|1,551| ||Accrued expenses||18/88|14,308| ||||19,974|15,859| |15.|MOVEMENT IN FUNDS|||| ||||Net|| ||||movement|At| |||At 1/4/22|in funds|31/3/23| ||Unrestricted
funds|||| ||General fund|3,056,450|(8,491)|3,047,959| ||Designated
Fund- Value oftangible fixed
assets|852,912|(1,921)|850,991| ||Revaluation
Fund|2/22, 833|(246,622)|2,076,211| |||6,232,195|(257,034)|5,975,161| ||TOTAL FUNDS|6,232,195|(257,034)|5,975,161| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||158,139|(166,630)||(8,491)| |Designated
assets|Fund- Value oftangible fixed||(1,921)||(1,921)| |Revaluation|Fund|||(246,622)|(246,622)| |||158,139|(168,551)|(246,622)|(257,034)| |TOTAL FUNDS||158,139|(168,551)|(246,622)|(257,034)| ## ## ## ## |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1/4/21|in funds|31/3/22| |Unrestricted||funds|||| |General fund|||3,037,797|19,251|3,057,048| |Designated
assets|Fund- Value oftangible fixed||854,475|(2,161)|852,314| |Revaluat'on||Fund|1,914,644|408,189|2,322,833| ||||5,806,916|425,279|6,232,195| |TOTAL FUNDS|||5,806,916|425,279|6,232,195| |||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||146,987|(125,236)|(2,500)|19,251| |Designated
Fund- Value oftangible fixed
assets|||(2,161)||(2,161)| |Revaluation|Fund|||408,189|408,189| |||146,987|(127,397)|405,689|425,279| |TOTAL FUNDS||146,987|(127,397)|405,689|425,279| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1/4/21|in funds|31/3/23| |Unrestricted|funds|||| |General fund||3,037,797|10,760|3,048,557| |Designated
assets|Fund- Value oftangible fixed|854,475|(4,082)|850,393| |Revaluation|Fund|1,914,644|161,567|2,076,211| |||5,806,916|168,245|5,975,161| |TOTAL FUNDS||5,806,916|168,245|5,975,161| ## ## |A current
y
as follows:|ear 12 months
and prior year 12 m|onths
combined
n|et movement
in f|unds,
included
i|n the above
a| |---|---|---|---|---|---| |||Incoming|Resources|Gains and|Movement| |||resources|expended|losses|in funds| |Unrestricted|funds||||| |General fund||305,126|(291,866)|(2,500)|10,760| |Designated
assets|Fund- Value oftangible fixed||(4,082)||(4,082)| |Revaluation|Fund|||161,567|161,567| |||305,126|(295,948)|159,067|168,245| |TOTAL FUNDS||305,126|(295,948)|159,067|168,245| |Designated|Funds||||| ## ## ## ## ## ## ## ## ||||DETAILED STATEMENT OFFINA
FORTHE YEARENDED 31S|NCIAL ACTIVITIES
TMARCH 2023|| |---|---|---|---|---|---| |||||31/3/23|31/3/22| |INCOME AND ENDOWMENTS|||||| |Investment
income|||||| |Investment
property
Common investment|income
fund income|||9,913
147,660|7,738
139,178| |Bank and Building Society|||interest|566|71| |||||158,139|146,987| |Total incoming resources||||158,139|146,987| |EXPENDITURE|||||| |Investment
management|||costs||| |Investment
property|management|||1,922|828| |Charitable
activities|||||| |Wages
Pensions||||32,402
1,308|30,840
1,230| |Professional
music teachers||||69,139|54,052| |Musical Instruments|repairs and maintenance|||284|192| |Music and concert expenses||||590|558| |Musical Instruments|depreciation|||1,723|1,672| |Computer
equipment||||198|42| |Grants to institutions||||20,902|10,182| |Grants to individuals||||920|2,598| |||||127,466|101,366| |Support costs|||||| |Other|||||| |Rates and water||||542|307| |Insurance||||2,882|2,508| |Light and heat
Telephone||||2,666
862|1,482
1,179| |Postage and stationery
Sundries||||544
639|603
1,064| |Property maintenance
Cleaning||||16,556
2/09|2,207
872| |Gardening||||1,056|1,742| |Computer costs||||396|293| |Photocopying
Re&eshments||||1,086
3@90|325
2,482| |Depreciation ofproperty|||improvements||447| |||||32,928|15,511| |Governance
costs|||||| |Independent
Examiners'||remuneration||1,650|1,700| |Carried forward||||1,650|1,700| ## ## ||DETAILED STATEMENT OFFINAN
FORTHE YEAR ENDED 31ST|CIAL ACTIVITIES
MARCH 2023|| |---|---|---|---| |||31/3/23|31/3/22| |Governance
costs
Brought forward
Accountancy
fees
Legal fees
Bookkeeping
DBSchecks||1,650
1,530
410
748|1,700
1,515
3,953
505
186
50| |Training costs
Health and safety costs||1,897|1,783| |||6,235|9,692| |Total resources expended||168,551|127,397| |Net (expenditure)/income
losses|before gains and|(10,412)|19,590| |Realised recognised
gains|and losses||| |Realised gains/(losses)
on
over historical cost|fixed asset investments||(2,500)| |dit/i||(10,412)|17,090|