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||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1−2|
|**Trustees' Report**|3−16|
|**Trustees' Responsibilities Statement**|17|
|**Independent Auditor's Report on the Financial Statements**|18−21|
|**Consolidated Statement of Financial Activities**|22|
|**Consolidated Balance Sheet**|23 −24|
|**Charity Balance Sheet**|25 −26|
|**Consolidated Statement of Cash Flows**|27|
|**Notes to the Financial Statements**|28 −55|





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|**Trustees**|Mrs Joan Kirkbride, Chairmani|
|---|---|
||Dr Jamie Clarke|
||CIIr Alison Eastwood (appointed 23 September 2021)|
||Mrs Georgina Fordham (resigned 22 September 2022)|
||Mr Clive Greshami|
||Mr Roger Griffiths (resigned 1 September 2022)|
||CM−Dudley Hughes|
||Mr lain Massey|
||Mrs Renuka Popat|
||Mr Trevor Shipmani|
||Mrs Morcea Walker (resigned 1 August 2022)|
||Northamptonshire County Council (resigned 23 September 2021)|
||Mr George Bruce (appointed 22 September 2022)|
||1 Members of the Finance Committee|
|**Company registered**||
|**number**|07738151|
|**Charity registered**||
|**number**|1145643|
|**Registered office**|125−129 Kettering Road|
||Northampton|
||Northamptonshire|
||NN1 4AZ|
|**Senior management team**|Peter Smalley, Chief Executive|
||Rachel Coles|
||Anna Denny|
||Chris Hiscock (until 31 August 2022)|
||Andy Kirkwood (until 31 August 2022)|
||Mark Malitskie (until 17 June 2022)|
||Richard Roper (until 31 August 2022)|
||Nigel Corbett (from 6 June 2022)|
||lain McKnight (from 1 September 2022)|
||Liza Field (from 1 September 2022)|
|**Company secretary**|Nigel Corbett|
|**Chief executive officer**|Peter Smalley|
|**Independent auditor**|MHA Macintyre Hudson|
||Chartered Accountants|
||Peterbridge House|
||The Lakes|
||Northampton|
||NN4 7HB|





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|||**Restricted**|**Unrestricted**|**Total**|Total|
|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**|funds|
|||**2022**|**2022**|**2022**|2021|
||**Note**|£|£|£|£|
|**Income from:**||||||
|Donations and legacies|3|−|**36,621**|**36,621**|24,910|
|Charitable activities|4|**1,370,380**|**3,126,301**|**4,496,681**|4,492,269|
|Other trading activities|5||**82,987**|**82,987**|44,964|
|Investments||−|**2,830**|**2,830**|1,288|
|**Total income**||**1,370,380**|**3,248,739**|**4,619,119**|4,563,431|
|**Expenditure on:**||||||
|Raising funds||**350**|**61,000**|**61,350**|28,340|
|Charitable activities||**1,510,275**|**3,494,898**|**5,005,173**|4,251,812|
|**Total expenditure**||**1,510,625**|**3,555,898**|**5,066,523**|4,280,152|
|**Net (expenditure)/income**||**(140,245)**|**(307,159)**|**(447,404)**|283,279|
|Transfers between funds|15|**41,302**|**(41,302)**|||
|**Net movement in funds before other**||||||
|**recognised gains**||**(98,943)**|**(348,461)**|**(447,404)**|283,279|
|**Other recognised gains:**||||||
|Actuarial gains on defined benefit||||||
|pension schemes|21|**43,000**||**43,000**|37,000|
|**Net movement in funds**||**(55,943)**|**(348,461)**|**(404,404)**|320,279|
|**Reconciliation of funds:**||||||
|Total funds brought forward||**648,166**|**1,505,647**|**2,153,813**|1,833,534|
|Net movement in funds||**(55,943)**|**(348,461)**|**(404,404)**|320,279|
|**Total funds carried forward**||**592,223**|**1,157,186**|**1,749,409**|2,153,813|





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||||**2022**||2021|
|---|---|---|---|---|---|
||**Note**||£||£|
|**Fixed assets**||||||
|Tangible assets|12||**468,608**||490,442|
||||**468,608**||490,442|
|**Current assets**||||||
|Debtors|13|**261,171**||484,654||
|Cash at bank and in hand||**1,532,881**||1,953,029||
|||**1,794,052**||2,437,683||
|Creditors: amounts falling due within one||||||
|year|14|**(513,251)**||(774,312)||
|**Net current assets**|||**1,280,801**||1,663,371|
|**Total assets less current liabilities**|||**1,749,409**||2,153,813|
|**Total net assets**|||**1,749,409**||2,153,813|
|**Charity funds**||||||
|Restricted funds:||||||
|Restricted funds|15|**123,615**||157,724||
|Restricted fixed assets|15|**468,608**||490,442||
|Total restricted funds|15||**592,223**||648,166|
|Unrestricted funds|15||**1,157,186**||1,505,647|
|**Total funds**|||**1,749,409**||2,153,813|





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||||**2022**||2021|
|---|---|---|---|---|---|
||**Note**|||||
|**Fixed assets**||||||
|Tangible assets|12||**468,608**||490,442|
||||**468,608**||490,442|
|**Current assets**||||||
|Debtors|13|**271,829**||517,917||
|Cash at bank and in hand||**1,507,340**||1,894,451||
|||**1,779,169**||2,412,368||
|Creditors: amounts falling due within one||||||
|year|14|**(512,501)**||(773,562)||
|**Net current assets**|||**1,266,668**||1,638,806|
|**Total net assets**|||**1,735,276**||2,129,248|
|**Charity funds**||||||
|Restricted funds:||||||
|Restricted funds|15|**123,615**||157,724||
|Restricted fixed assets|15|**468,608**||490,442||
|Total restricted funds|15||**592,223**||648,166|
|Unrestricted funds|15|**1,266,668**||1,481,082||
|Total unrestricted funds|15||**1,143,053**||1,481,082|
|**Total funds**|||**1,735,276**||2,129,248|





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|||**2022**|**2021**|
|---|---|---|---|
||**Note**|**£**|**£**|
|**Cash flows from operating activities**||||
|Net cash used in operating activities|18|**(422,978)**|425,854|
|**Cash flows from investing activities**||||
|Dividends, interests and rents from investments||**2,830**|1,288|
|**Net cash provided by investing activities**||**2,830**|**1,288**|
|**Cash flows from financing activities**||||
|**Change in cash and cash equivalents in the year**||**(420,148)**|**427,142**|
|Cash and cash equivalents at the beginning of the year||**1,953,029**|1,525,887|
|**Cash and cash equivalents at the end of the year**|19|**1,532,881**|1,953,029|





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|Freehold property<br>Property improvements<br>Fixture and fittings<br>Music equipment<br>Computer equipment|−50 years<br>−20 years<br>−5 years<br>−4 to 10 years<br>−3 years|
|---|---|



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||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||**2022**|**2022**|2021|
||**£**|**£**|£|
|Donations|36,621|**36,621**|24,910|
|**Income from donations and legacies −prior year**||||
||**Unrestricted**|**Total**|Total|
||**funds**|**funds**|funds|
||**2021**|**2021**|2020|
||**£**|**£**|£|
|Gifts and donations|24,910|**24,910**|27,939|





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||**Restricted **|**Unrestricted**|**Total**|Total|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|funds|
||**2022**|**2022**|**2022**|2021|
||£|£|£|£|
|Music tuition||2,926,537|**2,926,537**|2,013,228|
|Grant income from Arts Council|1,149,686||**1,149,686**|1,119,008|
|Courses||660|**660**|1,870|
|Tours||96,629|**96,629**||
|Examination fees||61,773|**61,773**|19,581|
|Gift aid income||40,702|**40,702**|50,320|
|Grant income from the Industrious Project|68,980||**68,980**|94,921|
|Grant income from the Gordon Robinson|||||
|Memorial Trust|38,000||**38,000**|29,080|
|Other grant income|15,600||**15,600**|750,800|
|Music production grant|52,731||**52,731**|49,054|
|Cultural Recovery Fund|45,383||**45,383**|364,407|
|**Total 2022**|1,370,380|3,126,301|**4,496,681**|4,492,269|
|Total 2021|2,309,721|2,182,548|4,492,269||





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||**Restricted**|**Unrestricted**|**Total**|Total|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|funds|
||**2021**|**2021**|**2021**|2020|
||£|£|£|£|
|Music tuition||2,013,228|**2,013,228**|2,161,645|
|Grant income from Arts Council|1,119,008||**1,119,008**|1,117,987|
|Cultural Recovery Fund|266,858|97,549|**364,407**||
|Courses||1,870|**1,870**|71,410|
|Tours||||26,531|
|Examination fees||19,581|**19,581**|50,607|
|Gift aid income||50,320|**50,320**|82,382|
|Grant income from the Industrious Project|94,921||**94,921**|57,609|
|Grant income from the Gordon Robinson|||||
|Memorial Trust|29,080||**29,080**|32,540|
|Other grant income|750,800||**750,800**|921,695|
|Music production grant|49,054||**49,054**|35,090|
|**Total 2021**|2,309,721|2,182,548|**4,492,269**|4,557,496|
|Total 2020|2,076,712|2,480,784|4,557,496||





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||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||**2022**|**2022**|2021|
||**£**|£|£|
|Concerts, coaches and CDs|41,518|**41,518**|6,375|
|Other project income|2,026|**2,026**|4,467|
|Conference|6,253|**6,253**||
|Miscellaneous income|1,611|**1,611**|1,088|
|Lettings income|8,490|**8,490**|6,700|
|Musical instrument repair|5,244|**5,244**|3,984|
|Software sales|17,845|**17,845**|22,350|
|**Total 2022**|82,987|**82,987**|44,964|
|Total 2021|44,964|44,964||
|**Income from fundraising events −prior year**||||
||**Unrestricted**|**Total**|Total|
||**funds**|**funds**|funds|
||**2021**|**2021**|2020|
||£|£|£|
|Concerts, coaches and CDs|6,375|**6,375**|28,682|
|Other project income|4,467|**4,467**||
|Conference|||1,820|
|Miscellaneous income|1,088|**1,088**|1,298|
|Lettings income|6,700|**6,700**|12,325|
|Musical instrument repair|3,984|**3,984**|5,780|
|Software sales|22,350|**22,350**|25,565|
|**Total 2021**|44,964|**44,964**|75,470|
|Total 2020|75,470|75,470||





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||**2022**|2021|
|---|---|---|
|**The Group recognises financial assistance from various funders as**|||
|**follows:**|||
|BBC Children in Need||9,840|
|British and Foreign School Society||12,740|
|Constance Travis Charitable Trust|**50,000**|50,000|
|David Laing Family Fund −Northamptonshire Community Foundation|**100**||
|David Laing Foundation|**2,000**|1,000|
|D'Oyly Carte||4,000|
|Kettering and District Eisteddfod||4,786|
|Kettering Music Society|**13,800**||
|Local Giving|**3,874**|4,038|
|N. Clube||1,000|
|Other Donations|**11,351**|6,663|
|Sir Andrew Martin Trust||1,000|
|The Chartered Accountants Livery Charity||3,000|
|The Frederick and Phyllis Cann Trust|**7,000**||
|The Gordon Robinson Memorial Trust|**44,500**|29,080|
|Twinning|**480**||
|Virgin Money Giving|**496**|1,143|
|Youth Music|**68,980**|34,298|
|Accounting adjustments & deferrals|**23,331**|35,377|
||**225,912**|197,965|





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||**Restricted**|**Unrestricted**|**Total**|Total|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|funds|
||**2022**|**2022**|**2022**|2021|
||**£**|**£**|**£**|£|
|Concerts, coaches and CDs|350|31,280|**31,630**|382|
|Conference||2,881|**2,881**|250|
|Miscellaneous||26,839|**26,839**|27,708|
||350|61,000|**61,350**|28,340|
|Total 2021||28,340|28,340||





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||**Restricted**|**Unrestricted**|**Total**|Total|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|funds|
||**2022**|**2022**|**2022**|2021|
||£|£|£|£|
|FRS 102 pension cost|44,000||**44,000**|37,000|
|Music centre expenditure|10,780|239,203|**249,983**|24,286|
|Recruitment and other staff costs||38,227|**38,227**|19,772|
|Rates and water||3,947|**3,947**|4,966|
|Light and heat||19,171|**19,171**|15,395|
|Repairs and maintenance||74,768|**74,768**|23,410|
|Insurance||23,112|**23,112**|22,296|
|Cleaning||2,465|**2,465**|2,861|
|Legal and professional fees||38,632|**38,632**|37,888|
|Telephone||4,235|**4,235**|4,133|
|Postage and stationery||18,316|**18,316**|14,963|
|Licences and subscriptions||5,803|**5,803**|3,943|
|Bank and card charges||18,067|**18,067**|11,272|
|Equality, Diversity and Inclusion||1,216|**1,216**|2,400|
|Sundry expenses including bad debt|||||
|movements||(13,907)|**(13,907)**|3,131|
|Marketing and advertising costs||1,956|**1,956**||
|Youth Music activity|66,208||**66,208**|79,243|
|Music Production expenditure|3,783||**3,783**|13,335|
|Gordon Robinson funded activity|38,000||**38,000**|29,080|
|OHMI Project|||−|5,000|
|Cultural Recovery Fund|46,873||**46,873**|205,707|
|Instrument purchases||7,570|**7,570**|6,676|
|Wages and salaries|1,278,797|2,241,018|**3,519,815**|3,067,731|
|National insurance||290,807|**290,807**|216,815|
|Pension cost||480,292|**480,292**|375,382|
|Depreciation|21,834||**21,834**|25,127|
|**Total 2022**|1,510,275|3,494,898|**5,005,173**|4,251,812|
|Total 2021|2,394,380|1,857,432|4,251,812||





## 

||**Restricted**|**Unrestricted**|**Total**|Total|
|---|---|---|---|---|
||**funds**|**funds**|**funds**|funds|
||**2021**|**2021**|**2021**|2020|
||£|£|£|£|
|FRS 102 pension cost|37,000||**37,000**|32,000|
|Music centre expenditure||24,286|**24,286**|138,548|
|Recruitment and other staff costs||19,772|**19,772**|22,415|
|Rates and water||4,966|**4,966**|6,950|
|Light and heat||15,395|**15,395**|15,928|
|Repairs and maintenance||23,410|**23,410**|40,391|
|Insurance||22,296|**22,296**|20,310|
|Cleaning||2,861|**2,861**|2,854|
|Legal and professional fees||37,888|**37,888**|46,049|
|Telephone||4,133|**4,133**|2,453|
|Postage and stationery||14,963|**14,963**|21,822|
|Licences and subscriptions||3,943|**3,943**|7,069.|
|Bank and card charges||11,272|**11,272**|14,610|
|Sundry expenses||3,131|**3,131**|13,602|
|Equality, Diversity and Inclusion||2,400|**2,400**||
|Marketing and advertising costs||||4,800|
|Youth Music activity|79,243||**79,243**|100,673|
|Music Production expenditure|13,335||**13,335**||
|Gordon Robinson funded activity|29,080||**29,080**|32,540|
|Cultural Recovery fund|205,707||**205,707**||
|Instrument purchases|348|6,328|**6,676**|20,479|
|OHMI Project||5,000|**5,000**||
|Wages and salaries|2,004,540|1,063,191|**3,067,731**|3,448,909|
|National insurance||216,815|**216,815**|231,716|
|Pension cost||375,382|**375,382**|453,225|
|Depreciation|25,127||**25,127**|25,010|
|**Total 2021**|2,394,380|1,857,432|**4,251,812**|4,702,353|





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||**2022**|2021|
|---|---|---|
||£|£|
|Fees payable to the Charity's auditor for the audit of the Charity's annual|||
|accounts|**12,500**|12,000|



## 

||**Group**|Group|**Charity**|Charity|
|---|---|---|---|---|
||**2022**|2021|**2022**|2021|
||**£**|£|£|£|
|Wages and salaries|**3,519,815**|3,067,731|**3,519,815**|3,067,731|
|National insurance|**290,807**|216,815|**290,807**|216,815|
|Pension costs|**524,292**|412,382|**524,292**|412,382|
||**4,334,914**|3,696,928|**4,334,914**|3,696,928|



||**Group**|Group|
|---|---|---|
||**2022**|2021|
||**No.**|No.|
|Teachers|**110**|110|
|Administration|**13**|12|
|Support|**4**|3|
||**127**|125|



||||||**Group**|Group|
|---|---|---|---|---|---|---|
||||||**2022**|2021|
||||||**No.**|No.|
|In|the|band|£60,001|−£70,000|**3**|2|
|In|the|band|£80,001|−£90,000|**1**|**1**|





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||||**Fixtures**||||
|---|---|---|---|---|---|---|
||**Freehold**|**Property**|**and**|**Music**|**Computer**||
||**property **|**improvements**|**fittings**|**equipment **|**equipment**|**Total**|
|**Cost or valuation**|||||||
|At 1 September 2021|**495,000**|**93,306**|**6,270**|**325,028**|**3,360**|**922,964**|
|At 31 August 2022|**495,000**|**93,306**|**6,270**|**325,028**|**3,360**|**922,964**|
|**Depreciation**|||||||
|At 1 September 2021|**79,200**|**31,228**|**6,270**|**312,464**|**3,360**|**432,522**|
|Charge for the year|**9,900**|**4,666**||**7,268**||**21,834**|
|At 31 August 2022|**89,100**|**35,894**|**6,270**|**319,732**|**3,360**|**454,356**|
|**Net book value**|||||||
|At 31 August 2022|**405,900**|**57,412**||**5,296**||**468,608**|
|At 31 August 2021|415,800|62,078||12,564||490,442|





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||**Group**|Group|**Charity**|Charity|
|---|---|---|---|---|
||**2022**|2021|**2022**|2021|
||£|£|£|£|
|**Due within one year**|||||
|Trade debtors|**59,979**|42,648|**59,979**|42,648|
|Amounts owed by group undertakings|||**24,017**|33,263|
|Other debtors|**4,200**||**4,200**||
|Prepayments and accrued income|**196,992**|442,006|**183,633**|442,006|
||**261,171**|484,654|**271,829**|517,917|



||**Group**|Group|**Charity**|Charity|
|---|---|---|---|---|
||**2022**|2021|**2022**|2021|
||£|£|£|£|
|Trade creditors||19,909|−|19,909|
|Other taxation and social security|**84,332**|61,480|**84,332**|61,480|
|Other creditors|**19,436**|11,421|**19,436**|11,421|
|Accruals and deferred income|**409,483**|681,502|**408,733**|680,752|
||**513,251**|774,312|**512,501**|773,562|





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|**Statement of funds −current year**|**Statement of funds −current year**||||||
|---|---|---|---|---|---|---|
||**Balance at 1**|||||**Balance at**|
||**September**|||**Transfers**|**Gains/**|**31 August**|
||**2021**|**Income**|**Expenditure**|**in/out**|**(Losses)**|**2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Unrestricted**|||||||
|**funds**|||||||
|**Designated**|||||||
|**funds**|||||||
|Instrument|||||||
|purchase|**74,909**|**5,244**|**(3,678)**||**le**|**76,475**|
|Building|||||||
|maintenance|**445,289**||**(507)**|||**444,782**|
|Re−stimulation|||||||
|fund|**260,000**|||**(170,003)**||**89,997**|
||**780,198**|**5,244**|**(4,185)**|**(170,003)**||**611,254**|
|**General funds**|||||||
|General fund|**725,449**|**3,243,495**|**(3,551,713)**|**128,701**||**545,932**|
|**Total**|||||||
|**Unrestricted**|||||||
|**funds**|**1,505,647**|**3,248,739**|**(3,555,898)**|**(41,302)**||**1,157,186**|





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||**Balance at 1**|||||**Balance at**|
|---|---|---|---|---|---|---|
||**September**|||**Transfers**|**Gains/**|**31 August**|
||**2021**|**Income**|**Expenditure**|**in/out**|**(Losses)**|**2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Restricted funds**|||||||
|Fee remission|||||||
|fund|**105,165**||||**−**|**105,165**|
|Arts Council and|||||||
|other grants|**36,881**|**1,263,400**|**(1,341,583)**|**41,302**|||
|**The** Gordon|||||||
|Robinson|||||||
|Memorial Trust||**38,000**|**(38,000)**||||
|Industrious|||||||
|project|**15,678**|**68,980**|**(66,208)**|||**18,450**|
|Pension reserve|||**(43,000)**||**43,000**||
||**157,724**|**1,370,380**|**(1,488,791)**|**41,302**|**43,000**|**123,615**|
|**Restricted fixed**|||||||
|**assets**|||||||
|Buildings and|||||||
|assets|**490,442**||**(21,834)**|||**468,608**|
|**Total Restricted**|||||||
|**funds**|**648,166**|**1,370,380**|**(1,510,625)**|**41,302**|**43,000**|**592,223**|
|**Total of funds**|**2,153,813**|**4,619,119**|**(5,066,523)**||**43,000**|**1,749,409**|





## 

## 

## 

## 

|**Statement of fu**|**nds −prior year**|||||||
|---|---|---|---|---|---|---|---|
||Balance at|||||Balance|at|
||1 September|||Transfers|Gains/|31 August||
||2020|Income|Expenditure|in/out|(Losses)|2021||
||£|£|£|£|£||£|
|**Unrestricted**||||||||
|**funds**||||||||
|**Designated**||||||||
|**funds**||||||||
|Instrument||||||||
|purchase|71,957|3,984|(1,032)|||74,909||
|Building||||||||
|maintenance|445,913||(624)|||445,289||
|Re−stimulation||||||||
|fund||||260,000||260,000||
||517,870|3,984|(1,656)|260,000||780,198||
|**General funds**||||||||
|General fund|619,839|2,249,726|(1,884,116)|(260,000)||725,449||
|**Total**||||||||
|**Unrestricted**||||||||
|**funds**|1,137,709|2,253,710|(1,885,772)|||1,505,647||





## 

## 

## 

||Balance at|||||Balance at|
|---|---|---|---|---|---|---|
||1 September|||Transfers|Gains/|31 August|
||2020|Income|Expenditure|in/out|(Losses)|2021|
||£|£|£|£|£|£|
|**Restricted**|||||||
|**funds**|||||||
|Fee remission|||||||
|fund|105,165|||||105,165|
|Arts Council and|||||||
|other grants|75,091|1,434,920|(1,473,130)|||36,881|
|The Gordon|||||||
|Robinson|||||||
|Memorial Trust||29,080|(29,080)||||
|Industrious|||||||
|project||94,921|(79,243)|||15,678|
|Government|||||||
|Furlough grants||750,800|(750,800)||||
|Pension reserve|||(37,000)||37,000||
||180,256|2,309,721|(2,369,253)||37,000|157,724|
||Balance at|||||Balance at|
||1 September|||Transfers|Gains/|31 August|
||2020|Income|Expenditure|in/out|(Losses)|2021|
||£|£|£|£|£|£|
|**Restricted**|||||||
|**fixed assets**|||||||
|Buildings and|||||||
|assets|515,569||(25,127)|||490,442|
|**Total**|||||||
|**Restricted**|||||||
|**funds**|695,825|2,309,721|(2,394,380)||37,000|648,166|
|**Total of funds**|1,833,534|4,563,431|(4,280,152)||37,000|2,153,813|





## 

## 

## 

## 

|**Summary of funds **|**−current year**|**−current year**||||||
|---|---|---|---|---|---|---|---|
||**Balance at 1**||||||**Balance at**|
|||**September**|||**Transfers**|**Gains/**|**31 August**|
|||**2021**|**Income**|**Expenditure**|**in/out**|**(Losses)**|**2022**|
|||£|£|£|£|£|£|
|Designated funds||**780,198**|**5,244**|**(4,185)**|**(170,003)**||**611,254**|
|General funds||**725,449**|**3,243,495**|**(3,551,713)**|**128,701**||**545,932**|
|Restricted funds||**157,724**|**1,370,380**|**(1,488,791)**|**41,302**|**43,000**|**123,615**|
|Restricted||||||||
|fixed assets||**490,442**|**−**|**(21,834)**|||**468,608**|
|||**2,153,813**|**4,619,119**|**(5,066,523)**||**43,000**|**1,749,409**|
|**Summary of funds **|**−prior year**|||||||
|||Balance at|||||Balance at|
||1 September||||Transfers|Gains/|31 August|
|||2020|Income|Expenditure|in/out|(Losses)|2021|
|||£|£|£|£|£|£|
|Designated funds||517,870|3,984|(1,656)|260,000||780,198|
|General funds||619,839|2,249,726|(1,884,116)|(260,000)||725,449|
|Restricted funds||180,256|2,309,721|(2,369,253)||37,000|157,724|
|Restricted||||||||
|fixed assets||515,569||(25,127)|||490,442|
|||1,833,534|4,563,431|(4,280,152)||37,000|2,153,813|



## 

|**Analysis of net assets between funds**|**−current year**||||
|---|---|---|---|---|
||**Restricted**|**Restricted**|**Unrestricted**|**Total**|
||**funds**|**fixed assets**|**funds**|**funds**|
||**2022**|**2022**|**2022**|**2022**|
||£|£|**£**|**£**|
|Tangible fixed assets||468,608||**468,608**|
|Current assets|651,726||1,142,326|**1,794,052**|
|Creditors due within one year|(528,111)||14,860|**(513,251)**|
|**Total**|123,615|468,608|1,157,186|**1,749,409**|





## 

## 

## 

|**Analysis of net assets between funds**|**−prior year**||||
|---|---|---|---|---|
||Restricted|Restricted|Unrestricted|Total|
||funds|fixed assets|funds|funds|
||2021|2021|2021|2021|
||£|£|£|£|
|Tangible fixed assets||490,442||490,442|
|Current assets|932,036||1,505,647|2,437,683|
|Creditors due within one year|(774,312)|||(774,312)|
|**Total**|157,724|490,442|1,505,647|2,153,813|



## 

|||||||**Group**|Group|
|---|---|---|---|---|---|---|---|
|||||||**2022**|2021|
|||||||£|£|
|Net<br>income/expenditure<br>for the|year|(as|per|Statement|of Financial|||
|Activities)||||||**(447,404)**|283,279|
|**Adjustments for:**||||||||
|Depreciation charges||||||**21,834**|25,127|
|Dividends, interests and rents from|investments|||||**(2,830)**|(1,288)|
|Decrease/(increase) in debtors||||||**208,623**|(96,811)|
|Increase/(decrease) in creditors||||||**(246,201)**|178,547|
|Defined benefit pension scheme cost less||contributions payable||||**43,000**|37,000|
|**Net cash provided by/(used in) operating activities**||||||**(422,978)**|425,854|



## 

|**Group**|Group|
|---|---|
|**2022**|2021|
|**£**|£|
|**1,532,881**|1,953,029|





## 

## 

|||||||**At 1**|||
|---|---|---|---|---|---|---|---|---|
|||||||**September**||**At 31**|
|||||||**2021**|**Cash flows **|**August 2022**|
|||||||**£**|**£**|**E**|
|Cash|at|bank|and|in|hand|**1,953,029**|**(420,148)**|**1,532,881**|
|||||||**1,953,029**|**(420,148)**|**1,532,881**|



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

|Principal actuarial assumptions at the Balance Shee|t date (expressed as weighted average|s):|
|---|---|---|
||**At 31**|At 31 August|
||**August 2022**|2021|
|Discount rate|**4.25**|1.65|
|Expected return on assets|**4.25**|1.65|
|Future salary increases|**3.55**|3.40|
|Future pension increases|**3.05**|2.90|





## 

## 

## 

||**At 31**|At 31 August|
|---|---|---|
||**August 2022**|2021|
||**Years**|Years|
|Mortality rates (in years)|||
|−for a male aged 65 now|**21.7**|21.7|
|−at 65 for a male aged 45 now|**22.8**|22.8|
|−for a female aged 65 now|**24.1**|24.1|
|−at 65 for a female aged 45 now|**25.8**|25.8|



## 

||**At 31** At 31 August|**At 31** At 31 August|
|---|---|---|
||**August 2022**|2021|
||£|£|
|Discount rate +0.1% (2020: +0.5%)|**17,000**|24,000|
|Discount rate −0.1% (2020: −0.5%)|**(17,000)**|(24,000)|
|Mortality assumption −1 year increase|**42,000**|45,000|
|Mortality assumption −1 year decrease|**(42,000)**|(45,000)|
|CPI rate +0.1% (2020: +0.5%)|**16,000**|22,000|
|CPI rate −0.1% (2020: −0.5%)|**(16,000)**|(22,000)|
|Salary rate +0.5%|**1,000**||
|The Group's share of the assets in the scheme was:|||
||**At 31** At 31 August||
||**August 2022**|2021|
||£|£|
|Equities|**1,055,000**|1,068,000|
|Corporate bonds|**319,000**|319,000|
|Property|**191,000**|191,000|
|Cash and other liquid assets|−|16,000|
|**Total fair value of assets**|**1,565,000**|1,594,000|





## 

## 

## 

|The amounts recognised in|the Consolidated Statement of F|ina|ncial Activities|are as follows:||
|---|---|---|---|---|---|
|||||**2022**|2021|
|||||£|£|
|Current service cost||||**(44,000)**|(34,000)|
|**Interest** income||||**26,000**|23,000|
|**Interest**cost||||**(25,000)**|(23,000)|
|**Total**<br>**amount recognised**|**in the Consolidated Statement**|**of**|**Financial**|||
|**Activities**||||**(43,000)**|(34,000)|



||**2022**|
|---|---|
||**£**|
|Opening defined benefit obligation|**1,497,000**|
|**Interest**cost|**25,000**|
|Contributions by scheme participants|**5,000**|
|Actuarial (gains)/losses|**(172,000)**|
|Benefits paid|**(29,000)**|
|Current service cost|**44,000**|
|Changes in financial assumptions|**(315,000)**|
|**Closing defined benefit obligation**|**1,055,000**|



|Movements in the fair value of the Group's share of scheme assets|were as follows:|
|---|---|
||**2022**|
||**£**|
|Opening fair value of scheme assets|**1,594,000**|
|Expected return on assets|**26,000**|
|Actuarial (losses)/gains|**(129,000)**|
|Contributions by employer||
|Contributions by scheme participants|**5,000**|
|Benefits paid|**(29,000)**|
|**Closing fair value of scheme assets**|**1,467,000**|





## 

## 

|under non−cancellable operating leases as follow|s:||||
|---|---|---|---|---|
||**Group**|Group|**Charity**|Charity|
||**2022**|2021|**2022**|2021|
||**£**|£|£|£|
|Not later than 1 year|**1,200**|1,200|**1,200**|1,200|
|Later than 1 year and not later than 5 years|**900**|2,100|**900**|2,100|
||**2,100**|3,300|**2,100**|3,300|



## 

## 



##