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





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|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<br>10/10/2023|||||
|Key management||personnel||Carys Wynne-Morgan||- Chief Executive Officer|||
|||||Hannah<br>Beadsworth||- Development||Manager|
|||||Craig Yates - Creative||Director|||
|||||Maria Eide - Finance||&|Operations|Manager|
|Registered|office|||Unit 1 Regents Court|||||
|||||Nettlefold<br>Road|||||
|||||Cardiff|||||
|||||CF24 5JQ|||||
|Independent|examiners|||Azets Audit Services|||||
|||||Independent<br>Examiners|||||
|||||Ty Derw, Lime Tree|Court||||
|||||Cardiff Gate Business Park|||||
|||||Cardiff|||||
|||||CF23 8AB|||||
|Bankers||||HSBC Bank pic|||||
|||||15Churchill<br>Way|||||
|||||Cardiff|||||
|||||CF102HD|||||





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2023|2023|2023|2022|2022|2022|
||Notes|2||8|8|f||
|Income from:||||||||
|Donations<br>and||||||||
|legacies||78,551||78,551|105,957|14,447|120,404|
|Charitable<br>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*<br>Chl||||||||
|Charitable<br>activities||477,172|150,388|627,560|474,040|117,936|591,976|
|Gross transfers||||||||
|between<br>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|





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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||6||
|Fixed assets||||||||
|Intangible<br>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<br>funds|||19|33,058||33,732||
|General unrestricted|funds|||110,304||138,822||
||||||143,362||172,554|
||||||177,456||207,478|



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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|8||8||
|Cash flows from operating||activities||||||
|Cash absorbed<br>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<br>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|





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|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|





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||||||||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<br>by||fund|||||
|||Unrestricted||funds|||477,172|474,040|
|||Restricted funds|||||150,388|117,936|
||||||||627,560|591,976|





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|The average<br>|monthly<br>number ofemployees<br>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|



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|12|Intangible<br>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<br>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<br>amount|||||
||At 31August|2023|||3,469|
||At 31August|2022|||5,004|
|14|Debtors|||||
|||||2023|2022|
||Amounts<br>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|





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|Creditors: amou|nts<br>fa|lling|due within one year|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||Notes|6|6|
|Other taxation and social security|||||||4,270|
|Government<br>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<br>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<br>designated|||to|commence||a|project|||around|our|brand||with|focus||on|increasing||||diversity|||and|
||accessibility.||||||||||||||||||||||||||
||Intangible<br>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<br>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|||





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