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2022-03-31-accounts

Page
Report ofthe Trustees 1 to 7
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 10
Cash Flow Statement
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 20
Detailed Statement ofFinancial Activities 21 to 22

2022 2021
Unrestricted Restricted Total Total
fund funds funds funds
Notes 6 6 f 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 71,459 533,743 605,202 243,221
Charitable
activities
Concerts and performances 1,000
Other trading
activities		 3 2,830 2,830
Other income 34,743 34,743
Total 109,032 533,743 642,775 244,221
EXPENDITURE ON
Raising funds 20,015 21,345 41,360 10,765
Charitable
activities
Concerts and performances 113,566 375,557 489,123 111,621
Staff costs 1,062 1,062 20,230
Marketing
and developing		 audiences 11,465 2,466 13,931 19,622
Other (6,312) 928 (5,384) 18,149
Total 139,796 400,296 540,092 180,387
NET INCOME/(EXPENDITURE) (30,764) 133,447 102,683 63,834
RECONCILIATION
OF FUNDS
Total funds brought forward 59,813 108,997 168,810 104,976
TOTAL FUNDS CARRIED FORWARD 29,049 242,444 271,493 168,810

2022 2021
Unrestricted Restricted Total Total
fund funds funds funds
Notes 6 f f 8
FIXEDASSETS
Tangible assets 19,504 4,687 24,191 32,389
CURRENT ASSETS
Debtors 12 16,781 19,918 36,699 23,500
Cash at bank and in hand 2,749 217,840 220,589 125,522
19,530 237,758 257,288 149,022
CREDITORS
Amounts
falling due within one year		 13 (9,986) (9,986) (12,601)
NET CURRENT ASSETS 9,544 237,758 247,302 136,421
TOTAL ASSETS LESSCURRENT LIABILITIES 29,048 242,445 271,493 168,810
NET ASSETS 29,048 242,445 271,493 168,810
FUNDS 14
Unrestricted
funds		 29,048 59,813
Restricted funds 242,445 108,997
TOTAL FUNDS 271,493 168,810

FO R T HE YEAR ENDE D 31 MARCH 2022
Notes 2022
6		 2021f
Cash flows from operating activities
Cash generated
from		 operations 81,216 106,564
Net cash provided
by		 operating activities 81,216 106,564
Cash flows from investing activities
Purchase oftangible fixed assets (13,055)
Sale oftangible
fixed		 assets 26,906
Net cash provided
by		 investing activities 13,851
Change
in cash and		 cash equivalents in
the reporting
period		 95,067 106,564
Cash and cash equivalents at the
beginning
ofthe reporting		 period 125,522 18,958
Cash and cash equivalents at the end of
the reporting
period		 220,589 125,522

RECONCILIATION OF NET INCOME OF NET INCOME OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2022f 2021
Net income for the reporting period (as per the Statement of Financial
Activities) 102,683 63,834
Adjustments
for:
Depreciation
charges		 4,956 6,840
Profit on disposal offixed assets (10,609)
(Increase)/decrease in debtors (13,199) 29,500
(Decrease)/increase in creditors (2,615) 6,390
Net cash provided by operations 81,216 106,564
ANALYSIS OF CHANGES
IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
Net cash
Cash at bank and in hand 125,522 95,067 220,589
125,522 95,067 220,589
Total 125,522 95,067 220,589

3. OTHER TRADING ACTIV ITIES
2022 2021f
Ticket sales & merchandising 2,830
4. INCOME FROM CHARITABLE ACTIVITIES
Activity 2022 2021f
Income from other
performances Concerts and performances 1,000
RAISING FUNDS
Raising donations and legacies
2022f 2021
f'
Fundraismg
costs		 192
Other trading
activities
2022f 2021
F
Supportcosts 41,360 10,573
Aggregate
amounts		 41,360 10,765
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs
f		 note 7)
f		 Totals
f
Concerts and performances 489,123 489,123
Staff casts 1,062 1,062
Marketing
and developing		 audiences 13,557 374 13,931
502,680 1,436 504,116
7. SUPPORT COSTS
Governance
Management
f		 Depreciation
f		 costs
f		 Totals
f
Other trading
activities		 29,996 11,364 41,360
Other resources expended
Staff costs		 1,062 (5,654) 270 (5,384)
1,062
Marketing
and developing		 audiences 374 374
31,432 (5,654) 11,634 37,412

STAFF COSTS
2022 2021
F F
Wages and salaries 6,365
6,365
The average
monthly
number		 of employees during the year was as follows:
2022 2021
Marketing 1
No employees
received emoluments		 in excess of F60,000,
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fundf funds fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 145,636 97,585 243,221
Charitable
activities
Concerts and performances 1,000 1,000
Tote I 146,636 97,585 244,221
EXPENDITURE ON
Raising funds 10,765 10,765
Charitable
activities
Concerts and performances
Staff costs		 72,580
11,113		 39,041
9,117		 111,621
20,230
Marketing
and developing		 audiences 16,694 2,928 19,622
Other 7,647 10,502 18,149
Total 118,799 61,588 180,387
NET INCOME 27,837 35,997 63,834
Transfers
between funds		 (20,000) 20,000
Net movement
in funds		 7,837 55,997 63,834
RECONCILIATION
OF FUNDS
Total funds brought forward 51,976 53,000 104,976
TOTAL FUNDS CARRIED FORWARD 59,813 108,997 168,810

TANGIBLE FIXEDASS E TS
Fixtures
and Motor Computer
fittings
f		 vehicles
f		 equipment
f		 Totals
f
COST
At 1 April 2021 17,900 26,064 21,887 65,851
Additions 3,061 9,994 13,055
Disposals (9,324) (26,064) (35,388)
At 31 March 2022 11,637 31,881 43,518
DEPRECIATION
At 1 April 2021 5,946 15,965 11,551 33,462
Charge for year 894 4,063 4,957
Eliminated
on disposal		 (3,127) (15,965) (19,092)
At 31 March 2022 3,713 15,614 19,327
NET BOOK VALUE
At 31 March 2022 7,924 16,267 24,191
At 31 March 2021 11,954 10,099 10,336 32,389
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
f
Trade debtors 1,000
Other debtors 36,699 22,500
36,699 23,500
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
f
Trade creditors 2,562 9,585
Taxation and social security 2,891 2,146
Other creditors 4,533 870
9,986 12,601

MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
f f
Unrestricted funds
General
fund		 59,813 (30,765) 29,048
Restricted funds
Lottery grant 21,000 21,000
Kickstart 13,912 10,693 24,605
Designated 20,000 20,000
Trusthouse 12,000 (270) 11,730
Henry Smith 13,850 (5,930) 7,920
Heart of England 14,500 (14,500)
Recovery 3,000 3,000
Local giving 10,735 10,735
Small Trusts 1,500 1,500
Youth Music 26,978 26,978
Garfield Weston 25,000 25,000
Projects 89,977 89,977
108,997 133,448 242,445
TOTAL FUNDS 168,810 102,683 271,493
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted funds
General
fund		 109,032 (139,797) (30,765)
Restricted funds
Kickstart 242,842 (232,149) 10,693
Trusthouse 12,000 (12,270) (270)
Henry Smith 27,700 (33,630) (5,930)
Heart of England
Recovery		 18
155,580		 (14,518)
(155,580)		 (14,500)
Small Trusts 1,500 1,500
Youth Music 26,978 26,978
Garfield Weston 25,000 25,000
Projects 42,125 47,852 89,977
533,743 (400,295) 133,448
TOTAL FUNDS 642,775 (540,092) 102,683

Net Transfers
movement between At
At 1.4.20
f		 in funds funds
f		 31.3.21
f
Unrestricted funds
General
fund		 51,976 27,837 (20,000) 59,813
Restricted funds
Lottery grant 53,000 (32,000) 21,000
Kickstart 13,912 13,912
Designated 20,000 20,000
Trusthouse 12,000 12,000
Henry Smith
Heart of England
Recovery		 13,850
14,500
3,000		 13,850
14,500
3,000
Local giving 10,735 10,735
53,000 35,997 20,000 108,997
TOTAL FUNDS 104,976 63,834 168,810
Comparative
net movement
in funds,
includ		 ed
in the above are as follows:
Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted
funds
General
fund		 146,636 (118,799) 27,837
Restricted
funds
Lottery grant
Kickstart
Trusthouse		 21,000
22,500
12,000		 (53,000)
(8,588)		 (32,000)
13,912
12,000
Henry Smith 13,850 13,850
Heart of England
Recovery
Local giving		 14,500
3,000
10,735		 14,500
3,000
10,735
97,585 (61,588) 35,997
TOTAL FUNDS 244,221 (180,387) 63,834

A current yea r 12 months
and prior		 year 12 months
combined
po		 sition
is as follow		 s:
Net Transfers
movement between At
At 1.4.20
f		 in funds
f		 funds 31.3.22
Unrestricted funds
General
fund		 51,976 (2,928) (20,000) 29,048
Restricted funds
Lottery grant 53,000 (32,000) 21,000
Kickstart 24,605 24,605
Designated 20,000 20,000
Trusthouse 11,730 11,730
Henry Smith 7,920 7,920
Recovery 3,000 3,000
Local giving 10,735 10,735
Small Trusts 1,500 1,500
Youth Music 26,978 26,978
Garfield Weston 25,000 25,000
Projects 89,977 89,977
53,000 169,445 20,000 242,445
TOTAL FUNDS 104,976 166,517 271,493

as follows:



,
Incoming Resources Movement
resources
f		 expended
f		 in funds
Unrestricted funds
General
fund		 255,668 (258,596) (2,928)
Restricted funds
Lottery grant 21,000 (53,000) (32,000)
Kickstart 265,342 (240,737) 24,605
Trusthouse 24,000 (12,270) 11,730
Henry Smith 41,550 (33,630) 7,920
Heart of England 14,518 (14,518)
Recovery 158,580 (155,580) 3,000
Local giving 10,735 10,735
Small Trusts 1,500 1,500
Youth Music 26,978 26,978
Garfield Weston 25,000 25,000
Projects 42,125 47,852 89,977
631,328 (461,883) 169,445
TOTAL FUNDS 886,996 (720,479) 166,517

Detailed Statement of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2022
2022f 2021
E
INCOME AND ENDOWMENTS
Donations
and legacies
Membership
fees		 24,171 13,855
Donations 12,926 10,735
Grants 546,605 173,250
Coronavirus
job retention		 scheme income 21,500 45,381
605,202 243,221
Other trading activities
Ticket sales & merchandising 2,830
Charitable
activities
Income from other performances 1,000
Other income
Insurance
Proceeds		 34,743
Total incoming
resources		 642,775 244,221
EXPENDITURE
Raising donations and legacies
Fundraising
costs		 192
Charitable
activities
Wages 6,365
Concert and event costs 465,848 104,460
Choir 23,275 13,724
Marketing
and developing		 audiences 13,557 12,530
502,680 137,079
Supportcosts
Management
Rent 22,774 7,601
Insurance 2,482 1,396
Postage and stationery 5,114 2,105
Motor expenses 1,062 1,860
31,432 12,962
Human
resources
Training 12,005
Depreciation
Fixtures and fittings 893 1,319
Motor vehicles 3,366
Computer
equipment		 4,063 2,155
Loss on sale of tangible fixed assets (10,610)
(5,654) 6,840
Governance
costs
Accountancy 1,830 1,630
Carried
forward		 1,830 1,630
2022f 2021f
1,830 1,630
9,804 9,679
11,634 11,309
540,092 180,387
102,683 63,834