## 

## 

|Trustees'<br>Annual<br>Report||
|---|---|
|Independent<br>Examiner's|report|
|Statement offinancial<br>activities||
|Balance sheet||
|Notes to the accounts||





## 

## 

|The financial<br>statements|The financial<br>statements|The financial<br>statements|The financial<br>statements|The financial<br>statements|comply with the|Charities Act 2011,the|Charities Act 2011,the|Charities Act 2011,the|Charities Act 2011,the|Charities Act 2011,the|Charities Act 2011,the|Companies|Act 2006, the IVlemorandum|Act 2006, the IVlemorandum|Act 2006, the IVlemorandum|Act 2006, the IVlemorandum|Act 2006, the IVlemorandum|and Articles|and Articles|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|ofAssociation,||and the|||charities Statement||of Recommended<br>Practice (applicable to charities|||||||||preparing||their accounts||
|in accordance<br>October 2019.||with|the||Financial<br>Reporting||Standard|||applicable||in the<br>UK and|||Republic of Ireland;||FRS|102) issued|in|
||||||13EFERENCE AND|||||ADMINISTRATIVE<br>DETAILS||||||||||
|Date ofincorporation|||||13June 2011|||||||||||||||
|Company<br>registration||||no.07667445||||||||||||||||
|Date ofregistration|||||17August 2011|||||||||||||||
|Charity registration|||no.||1143420|||||||||||||||
|Patron'|||||Ms EWatts|||||||||||||||
||||||IVlr R Wtgglesworth|||||||||||||||
|Trustees|during|period|||Ms A Brurnpton||||co-opted 05|||October 2021, appointed 18January 2021||||||||
||||||Ms TCooper (Chair)||||temporarily|||stepped down|||as Chair between 28June|||2021||
||||||||||and||04 October 2022|||||||||
||||||h/Ir<br>I Falconer (Treasurer)||||and||interim|Chair between|||28June 2021|and 04October 2022||||
||||||Ms Ii Mallaband||||co-opted 05|||October 2020,|||appointed 18January||2021|||
||||||Mr J Payne||||co-opted 05|||October 2020,|||appointed 18January||2021|||
||||||Ms E Pieters|||||||||||||||
||||||Ms 5 Unwin||||co-opted 04|||October 2021, appointed 31||||January|2022|||
|Music ()irector|||||It/Ir M Cropper|||||||||||||||
|General Manager|||||Miss J O' Neill|||||||||||||||
|Campany|Secretary||||Miss J O' Neill|||||||||||||||
|Registered office|||||Office. 9, Shirley|House||||||||||||||
||||||31Psalter Lane|||||||||||||||
||||||5heffield, 511BYL|||||||||||||||
|Independent<br>Examiner|||||Sarah Lightfoot|FCA, DChA,|||employee of|||||||||||
||||||VAS Community|Accountancy||||||||||||||
||||||The Circle|||||||||||||||
||||||33 Rockingham|Lane||||||||||||||
||||||Sheffield, 514FW|||||||||||||||
|Bankers|||||Virgin Money (formally|||Yorkshire|||Bank)|Charities||Aid Foundation||||||
||||||66 Fargate|||||||25 Kings|Hill Avenue|||||||
||||||Sheffield|||||||Kings Hill,||West Mailing||||||
||||||512HE|||||||Kent ME194TA||||||||





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

|||FINANCIAL REVIEW|FINANCIAL REVIEW|OFTHE YEAR ENDED|31JULY 2022|||
|---|---|---|---|---|---|---|---|
||||2021-22|||2020-21||
|||Income|Expenditure<br>E|Net movement<br>before transfers<br>E|Income<br>E|Expenditure<br>E|Net movement<br>before transfers<br>E|
|Core artivities||445,763|414,956|30,807|349,369|342,169|7',220|
|Harmony<br>Total|Works|49,340<br>495,103|143,919<br>558,875|(94,579)<br>(63,772)|95,615<br>445,204|111,377<br>453,546|(1.5,562)<br>(8,34;?)|



## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 



## 



## 

## 

## 

## 

## 



## 

|||||Unrestricted|Restricted|Total|Unrestrictecl|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds|2022|funds|funds|2021|
||||Notes|f|f|E|f.|E|f|
|Income from:||||||||||
|(Grants and|donations|||10,852|60,410|71,262|11,519|97,745|109,264|
|Charitable|activities|||423,126||423,126|335,854||335,854|
|Investments|-bank|interest||407|208|615|86||86|
|Other - prol'it on sale ofassets||||100||100||||
|||||434,485|60,618|495,103|347,459|97,745|445,204|
|Expenditure|on:|||||||||
|Charitable|activities|||414,956|143,919|558,875|342,169|111,377|453,546|
|||||414,956|143,919|55$,875|347,169|111,377|453,546|
|Net income/(expenditure)||||19,529|(S3,301)|(63,772)|5,290|(13,632)|(8,342)|
|Transfers||||(27,110)|27,110||(7,784)|7,784||
|Gain on revaluation||offixed asset|7|||||||
|I'Set movement<br>in funds||||(7,5$1)|(56,191)|(63,772)|(2,494)|(5,848)|(8,342)|
|Total funds|brought|forward||191,017|20,814|211,831|193,511|26,662|220,173|
|Total funds|carried|forward||1S3,436|(35,377)|14S,059|191,017|20,814|211,831|





## 

||||||Total|Total|
|---|---|---|---|---|---|---|
|||||Notes|2022|2021|
||||||6|6|
|Fixed assets||||||3|
|Current assets|||||||
|Debtors|||||39,870|33,976|
|Cash at bank and in|hand||||165,526|131,305|
|Total current assets|||||205,396|165,281|
|Creditors: amounts|fa83ng due within||one year||(63,866)|(51,113)|
|Wet current assets|||||141,530|114,168|
|1otal assets less current||liabilities|||248,380|211,831|
|Creditors: amounts|falling|due after|more than one year|10|(100,321)||
|1otal net assets|||||||
|lte presented<br>by:|||||||
|Funds ofthe Charity|||||||
|General<br>Funds|||||149,878|139,071|
|Designated<br>funds||||12|1,279|19,667|
|Revaluation<br>Reserve||||13|32,279|32,279|
|Unrestricted<br>Funds|Total||||183,436|191,017|
|Restricted<br>Funds||||14|(35,377)|20,814|
|Total Funds||||15|148,059|211,831|





## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

|||||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Funds|Furlds|2022|Funds|Funds|2021|
|||||||||6|6||E|E|E|
||Concert Donations|||||||786||786|262||262|
||Friends ofSheffield|Music Academy||||||||||||
||Other Donations|||||||2,566|10,000|12,566|2,942||2,942|
||GRI Group|||||||7,500||7,500|5,000||5,000|
||Sheffield<br>City Counml||-|coronavirus|||business grant scheme||||3,315||3,315|
||Bursaries|||||||||||||
||Theamber<br>Trust||||||||1,278|1,278||1,930|1,930|
||Architectural<br>Heritage|||Fund|||||20,132|20,132||61,315|61,315|
||Sheffield 1own Trust||||||||3,500|3,500||||
||CMS LLP - donation|in|kmd||||||14,850|14,850||26,000|26,000|
||Falconer Associates|Ltd|||||||650|650||3,500|3,500|
||Anonymous<br>donation||||||||10,000|10,0()0||||
||Sheffield<br>City Council||-|Harmony||Works||||||5,000|5,000|
|||||||||||||97745|109,264|
|3|Income from charitable||||activities|||||||||
|||||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||||||Funds|Funds|2022|Funds|Funds|2021|
|||||||||6|E||E|E|E|
||Fees paid by Department||||for Education|||252,773||252,7 3|224,444||224,444|
||Fees paid by parents|||||||155,419||155,419|110,293||110,293|
||Artistic Projects|||||||13,619||13,619||||
||Instrument<br>Hire|||||||1,315||1,315|835||835|
||Other mcome||||||||||282||282|
|||||||||423,126||423,126|335 854||335~854|





## 

|4|Expenditure<br>on charitable|activities|activities||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||Note|FUItds|Funds|2022|Funds|Funds|2021|
||||||6|E.|E|E|E|E|
||Permanent<br>staff costs<br>Temporary<br>staff and deputies<br>Academic costs<br>Staff training<br>Rent and premises<br>costs<br>Artistic project expenditure<br>off||||302,254<br>35,231<br>29,987<br>282<br>14,969<br>5,164|16,125|318,379<br>35,2 1<br>29,987<br>282<br>24,969<br>5,164|280,951<br>3,567<br>21,449<br>1,071<br>9,098<br>1,617|23,311|304,262<br>3,567<br>21,449<br>1,071<br>9,098<br>1,617|
||Administration<br>costs<br>Marketing<br>Insurance<br>Depreciation<br>Bank charges<br>~ad debts j written<br>or <br>independent<br>exammation<br>Department<br>for Education|provision<br>made<br>fee<br>grant audit|||7,878<br>2,242<br>1,639<br>4,761<br>215<br>4,088<br>2,100<br>1,230||7,878<br>2,242<br>1,639<br>4,761<br>215<br>4,088<br>2,100<br>1,230|6,585<br>1,936<br>475<br>4,304<br>90<br>5,638<br>2,100<br>960||6,585<br>1,936<br>475<br>4,304<br>90<br>5,638<br>2,100<br>960|
||Payroll services jincluding<br>pension <br>Legal and professional<br>fees||charges)||2,916||2,916|2,328||2,328|
||I-larmony<br>Works feasibility<br>Loan mterest|project||||127,473<br>321|127,473<br>321||88,066|88,066|
||Total charitable<br>expenditure||||||5588/5|342 169|111377|453546|
|S|Staff Costs||||||||||
||||||||||Z022|2021|
||||||||||6|E|
||Salaries<br>Employer's<br>national<br>insurance<br>contributions<br>Employer's<br>pension<br>contributions||||||||306,602<br>9,108<br>2,669|292,999<br>8,837<br>2,426|
||||||||||~828 329|304~262|



|Fees paid to|independent|examiner's<br>organisation|||
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Independent|examination|fee|2,100|~2100|
|Other fees paid:|||||
|~epartment|for Education|grant audit|1,230|960|
|Payrog<br>Softwarelicence|||2,916<br>270|2,328<br>252|
|||||3,540|





## 

|||||||||instrument|instrument||Worklrig|Office||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||collection|instruments||eqwpment|Total|
||||||||||6|||6|6|
||Cost or Valuation|||||||||||||
||As at 1August 2021||||||||40,000||95,440|4,988|140,428|
||Additions||||||||||15,229|1,519|16,748|
||Disposals||||||||||(2,900)||(2,9DD)|
||As at 31July|2022|||||||40,000||107,769|6,507|154,276|
||Depreciation|||||||||||||
||As at 1August 2021||||||||||37,777|4,988|42,765|
||Depredauon|charge|||||||||4,357|304|4,661|
||Disposals|||||||||||||
||As at 31July|2022|||||||||42,134|5,292|47,426|
||Net BookValue|||||||||||||
||As at 31July|2022|||||||40,000||65,635|1,215|1082350|
||As at 31July|2021|||||||40,000||57,663||97.663|
||Working<br>mstruments|||include|15 instruments||that are considered|to hold their value -therefore|no depreciation||has been|ciiarged on these|assets.|
|8|Debtors|||||||||||||
|||||||||||||2022|2021|
|||||||||||||6|E|
||Fees payable|by Department|||for Education|||||||12,750|11,850|
||Fees payable|by parents||||||||||21,616|9,298|
||Other debtors|||||||||||689||
||Prepayments|||||||||||4,815|12,828|
|9|Creditors: amounts||falling due within|||one|year|||||||
|||||||||||||2022|2021|
|||||||||||||6|E|
||Trade ered,ters|||||||||||3D,831|17,254|
||July Salaries<br>Other taxes and sooal <br>Other creditors|||secunty||||||||23,107<br>2,647<br>574|23,489<br>3,520<br>651|
||Accruals|||||||||||6,707|6,199|
|10|Creditors: amounts||falling due after|||snore|than one year|||||||
|||||||||||||2022|2021|
|||||||||||||6|E|
||Loans|||||||||||100,321||





|i.i|Harmony<br>Works|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||Restricted|Designated|||Total|
||||||||||||||||||Fund||Fund||Funds|
||||||||||||||||||Note 14||Note 12|||
||||||||||||||||||E||E|||
||Income from grants and|donations|||||||||||||||49,340||||49,340|
||Expenditure<br>on charitable<br>activities||||||||||||||||(143,919I|||(143,919)||
||Net income/(expenditure)||||||||||||||||(94,579)|||||
||transfers|||||||||||||||||||||
||SMA contribution<br>set aside re match funding||||||for the year||||||||||||20,00D||2D,OOO|
||use of SMA contribution|on expenditure||||during the year|||||||||||38,388||(38,388)|||
||Total transiers||||||||||||||||38388||(18388)||20 000|
||Net movement<br>in funds||||||||||||||||(56,191)||(18,388)||(74,579)|
||Fund balances brought|forward|||||||||||||||15,814||19,667||35,481|
||Fund balances carried forward|||||||||||||||||||||
||Restricted<br>fund - grants|providecl|||by external||funders,|and project expenditure.||Cashf low is supportecl|||||||by a 5100,000 loan'from||5heffiel|City|Council,|
||as detailed<br>in the Trustees'<br>Report|||||||||||||||||||||
||Designated<br>fund - funds|set aside|||by the|trustees for||match funding||||||||||||||
||Cumulativeanal<br>NofHarmon|||Works proact-star||||ed)|2 18 19||||||||Restricted|Designated|||Tots I|
||||||||||||||||||Fund||Fund||Funds|
||||||||||||||||||E||E||E|
||Income from grants and|donations|||||||||||||||256,286|||256,286||
||Expenditure<br>on charitable<br>activities||||||||||||||||(354,752)||(32)|(354,784)||
||~et income/(expenditure)||||||||||||||||(98,46!i)||(32)||(98.498)|
||Transfers|||||||||||||||||||||
||Cumulative<br>SMA contnbutions||set aside|||for project|||||||||||||6D,DOO||60,000|
||Cumulative<br>SMA contnbutions||spent an|||project|||||||||||58,089||(SB,D89)|||
||Use of SMA contribution|on 2018|||expenditure||previously||funded<br>from general|funds|||||||||(600)||(600)|
||Total transfers||||||||||||||||58,089||1,311||59,400|
||Net movement<br>in funds|(and position) as at 31July 2022||||||||||||||||||||
|12|Designated<br>funds|||||||||||||||||||||
|||||||||||Brought|||||||||||Carried|
|||||||||||forward||||Income|||Expenditure|Transfers||farward||
||||||||||||||E||||E<br>E||6|||
||Harmony<br>9/orks||||||||||19,667||||||||(18,388)||1,279|
||||||||||||19,667||||||||(18388)||1,279|
||The trustees set aside a|further|620,00D|||in the 21/22||financial year towards the match||||fundmg||element|||ofthe feasibility|stage|ofthe Harmony||Work»|
||project (see the trustees'<br>report|||for further|||detail).|E38,388 was transferred||into the|||restricted||fund for the match|||funding|of expenditure||in the|
||finanmal<br>year, leaving a|balance||ofC1,279 cerned forwards for future costs.||||||||||||||||||
||Prior yeor comporrson|||||||||Brought|||||||||||Carried|
|||||||||||forword||||Income|||Expenditure|Transfers||forword||
|||||||||||||6||||E<br>E|||E||E|
||Harmony<br>Works||||||||||9,381||||||||10,286||19,667|
||||||||||||9,381||||||||10286||19667|
||The trusfees<br>determined|toset|aside E20,000 in the 20/21 financial year towards||||||||the|match funding||||element of the feasibility|||stoge of|the Harmony||
||Works pro/ect (see the trustees'|||report for further detail).|||||Eg 714 wos transferred||Into the restricted fund for the match/unding||||||||of cxpendii'ure||in the|
||financial year, leaving a|balance||ofE19,667carried forwordsfor future costs.||||||||||||||||||



## 



## 

|li|resere||||
|---|---|---|---|---|
|evauaton|v||2022|2021|
||||E|E|
|Revaluation|reserve brought|forward|32,279|32,279|
|Revaluation|during the year||||
|Revaluation|reserve carried|forward|32 279|32.279|



## 

## 

|Restricted|funds||||||||
|---|---|---|---|---|---|---|---|---|
||||Brought|||||Carried|
||||forward|Incorne|Expenditure||Transfers|forward|
||||E|6||6|6|6|
|Ensemble <br>Harmony<br>Bursanes<br>Instrument|360 Academy<br>Works<br>purchase|Prolect|5,000<br>15,814|49,340<br>1,278<br>10,000|(143,919)||38,388<br>(1,278)<br>(10,000)|5,000<br>(40,377j|




## 



##