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2023-08-31-accounts

Page
Trustees'
report		 1-6
Statement oftrustees' responsibilities
Independent
examiner's
report
Statement
offinancial		 activities
Balance sheet 10
Notes to the financial statements 12-23

Registered charity number number 1147922
Registered company number 08116295
Board oftrustees ASCarlton - Resigned 21/09/2023
J Williams - Resigned 25/09/2023
D G Pugh - Resigned 21/09/23
E R ERees - Resigned 29/9/2022
M J Burton
AF Jones
I Rees
J Barry - Appointed 03/01/2023
BHam - Appointed 03/01/2023
LTregale - Appointed 04/04/2023
H Peterson - Appointed 10/10/2023
R Sweetman -Appointed
10/10/2023
Key management personnel Carys Wynne-Morgan - Chief Executive Officer
Hannah
Beadsworth		 - Development Manager
Craig Yates - Creative Director
Maria Eide - Finance & Operations Manager
Registered office Unit 1 Regents Court
Nettlefold
Road
Cardiff
CF24 5JQ
Independent examiners Azets Audit Services
Independent
Examiners
Ty Derw, Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Bankers HSBC Bank pic
15Churchill
Way
Cardiff
CF102HD

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes 2 8 8 f
Income from:
Donations
and
legacies 78,551 78,551 105,957 14,447 120,404
Charitable
activities		 316,134 149,558 465,692 311,237 128,386 439,623
Other trading
activities 52,087 52,087 49,511 49,511
Investments 1,208 1,208
Total income 447,980 149,558 597,538 4B6,705 142,833 609,538
~E*
Chl
Charitable
activities		 477,172 150,388 627,560 474,040 117,936 591,976
Gross transfers
between
funds		 966 (966)
Net (expenditure)/income
forthe yearl
Net movement in funds (29,192) (830) (30,022) (6,389) 23,931 17,562
Fund balances at 1
September 2022 172,554 34,924 207,478 178,923 10,993 189,916
Fund balances at 31
August 2023 143,362 34,094 177,456 172,554 34,924 207,478

2023 2022
Notes 6
Fixed assets
Intangible
assets		 12 1,025 2,274
Tangible assets 13 3,469 5,004
4,494 7,278
Current assets
Debtors 14 20,473 51,829
Cash at bank and in hand 240,747 319,436
261,220 371,265
Creditors: amounts falling due within
one year 15 (88,258) (171,065)
Net current assets 172,962 200,200
Total assets less current liabilities 177,456 207,478
Income funds
Restricted funds 18 34,094 34,924
~Unr ~ri ~ed ~n
Designated
funds		 19 33,058 33,732
General unrestricted funds 110,304 138,822
143,362 172,554
177,456 207,478

2023 2022
Notes 8 8
Cash flows from operating activities
Cash absorbed
by operations		 (73,492) (18,010)
Investing activities
Purchase oftangible fixed assets (1,249) (2,928)
Investment income received 1,208
Net cash used in investing activities (41) (2,928)
Net cash used In financing activities
Net decrease
in cash and		 cash equivalents (73,533) (20,938)
Cash and cash equivalents at beginning ofyear 319,436 340,374
Cash and cash equivalents at end of year 240,747 319,436

3 Donation s snd legacies
Unrestricted Restricted Total Total
funds funds 2023 2022
6 f
Donations and sponsorship 78,551 78,551 120,404
105,957 14,447 120,404
4 Charitable activities
2023 2022
2 6
Earned income 50,800 50,318
Grants, trusts and foundations 414,892 389,305
465,692 439,623
Analysis by fund
Unrestricted funds 316,134 311,237
Restricted funds 149,558 128,386
465,692 439,623

Unrestricted Unrestricted
funds funds
2023 2022
8
Merchandise 8,198 7,176
Sponsorship 43,889 42,335
Other trading activities 52,087 49,511
6 Investments
Unrestricted Total
funds
2023 2022
E 8
interest receivable 1,208
7 Charitable activities
2023 2022
6
Staff costs 309,849 273,684
Depreciation 9,189 3,655
Artistic and performance costs 263,803 251,855
582,841 529,194
Share ofsupport costs (see note8) 42,719 60,082
Share ofgovernance costs (see note8) 2,000 2,700
627,560 591,976
Analysis
by		 fund
Unrestricted funds 477,172 474,040
Restricted funds 150,388 117,936
627,560 591,976

The average
 monthly
number ofemployees
during th		 e year was:
2023 2022
Number Number
Artistic
Administrative
Employment costs 2023 2022
6 6
Wages and salaries 275,786 248,242
Social security costs 25,651 18,017
Other pension costs 8,412 7,425
309,849 273,684

12 Intangible
fi		 xed asse ts
Arrangements
8
Cost
At 1 September 2022 and 31August 2023 12,500
Amortisation and impairment
At 1 September 2022 10,225
Amortisation charged for the year 1,250
At 31August 2023 11,475
Carrying
amount
At 31August 2023 1,025
At 31August 2022 2,274
13 Tangible fixed assets
Computer and music equipment
Cost
At 1 September 2022 12,006
Additions 1,249
At 31August 2023 13,255
Depreciation and Impairment
At 1 September 2022 7,001
Depreciation charged in the year 2,785
At 31August 2023 9,786
Carrying
amount
At 31August 2023 3,469
At 31August 2022 5,004
14 Debtors
2023 2022
Amounts
falling due		 within one year: 8 8
Trade debtors 4,675 46,597
Other debtors 8,651 1,700
Prepayments and accrued income 7,147 3,532
20,473 51,829

Creditors: amou nts
fa		 lling due within one year
2023 2022
Notes 6 6
Other taxation and social security 4,270
Government
grants		 18 80,613 135,042
Trade creditors 2,045 20,499
Accruals and deferred income 5,600 11,254
88,258 171,065
Government
grants
Deferred income is included in the financial statements as follows:
2024 2023
6 6
Balance brought forward 135,042 138,102
Income received 415,263 436,562
Income released (469,692) (439,622)
Balance carried forward 80,613 135,042

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Movement Movement Movement Movement in funds in funds in funds
Balance at Transfers Balance at Incoming Resources Transfers Balance at
1 September 1September resources expended 31 August
2021 2022 2023
F. 5 5
The Aloud
Girl's Choir 10,000 10,000 10,000
Only Boys
Aloud West 10,000 10,000 8,424 (5,152) 13,272
Brand and
Identity Work 5,000 5,000 5,000
Intangible
and Tangible
Fixed Assets 8,005 727 8,732 (3,946) 4,786
33,005 727 33,732 8,424 (5,152) (3,946) 33,058
The Aloud Girl's Choir
Funds designated to allow us to commit to a program for the Girls' choir for the whole academic yeair and not
just the pilot period.
Only Boys Aloud West
Funds designated to allow us to commit to a program for the OBA West choirs for the whole academic year
and not just the pilot period.
Brand and Identity Work
Funds
designated		 to commence a project around our brand with focus on increasing diversity and
accessibility.
Intangible
and		 Tangible Fixed Assets
Fund designated in relation to the net book value of the charity's unrestricted intangible and tangible fixed
assets.
20 Analysis ofnet assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
6 6 E F F f
Fund balances at
31August 2023
are represented
by:
Intangible
fixed		 assets 1,025 1,025 2,274 2,274
Tangible assets 3,469 3,469 5,004 5,004
Current assets/(liabilities) 138,868 34,094 172,962 165,276 34,924 200,200
143,362 34,094 177,456 172,554 34,924 207,478