## ||||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|