| Page | |||
|---|---|---|---|
| Trustees' report |
1-2 | ||
| Statement oftrustees' | responsibilities | ||
| Independent examiner's |
report | ||
| Statement offinancial | activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 7-15 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| Notes | ||||||||
| Income from: | ||||||||
| Donations and |
gifts | 39,945 | 69,162 | 109,107 | 131,830 | 152,500 | 284,330 | |
| Fundraising | 195,333 | 195,333 | 83,162 | 83,162 | ||||
| Total income | 235,278 | 69,162 | 304,440 | 214,992 | 152,500 | 367,492 | ||
| Ex ni r |
n: | |||||||
| Raising funds | 160,992 | 160,992 | 67,820 | 67,820 | ||||
| Charitable activities |
6 | 191,934 | 191,934 | 44,136 | 99,800 | 143,936 | ||
| Other | 10 | 2,980 | 2,980 | 122 | 122 | |||
| Total expenditure | 355,906 | 355,906 | 112,078 | 99,800 | 211,878 | |||
| Net (expenditure)/income | ||||||||
| for the year/ | ||||||||
| Net movement | in funds | (120,628) | 69,162 | (51,466) | 102,914 | 52,700 | 155,614 | |
| Fund balances | at 1 January | |||||||
| 2022 | 125,178 | 80,862 | 206,040 | 22,264 | 28,162 | 50,426 | ||
| Fund balances | at 31 | |||||||
| December 2022 | 4,550 | 150,024 | 154,574 | 125,178 | 80,862 | 206,040 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | ||||||
| Fixed assets | |||||||
| Tangible assets | 12 | 841 | 167 | ||||
| Current assets | |||||||
| Debtors | 13 | 37,658 | 195,061 | ||||
| Cash at bank and in | hand | 144,759 | 44,319 | ||||
| 182,417 | 239,380 | ||||||
| Creditors: | amounts | falling due within | |||||
| one year | 15 | (5,692) | (10,010) | ||||
| Net current | assets | 176,725 | 229,370 | ||||
| Total assets less current liabilities | 177,566 | 229,537 | |||||
| Creditors: | amounts | falling due after | |||||
| more than | one year | 16 | (22,992) | (23,497) | |||
| Net assets | 154,574 | 206,040 | |||||
| Income funds | |||||||
| Restricted | funds | 150,024 | 80,862 | ||||
| Unrestricted | funds | 4,550 | 125,178 | ||||
| 154,574 | 206,040 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| F | F | F | |||||
| Donations | and gifts | 39,945 | 69,162 | 109,107 | 120,284 | 152,500 | 272,784 |
| Government | grant | ||||||
| income | 11,546 | 11,546 | |||||
| 39,945 | 69,162 | 109,107 | 131,830 | 152,500 | 284,330 | ||
| Donations | and gifts | ||||||
| Other | 39,945 | 69,162 | 109,107 | 120,284 | 152,500 | 272,784 | |
| 39,945 | 69,162 | 109,107 | 120,284 | 152,500 | 272,784 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2022 | 2021 |
| 195,333 | 83,162 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| F | |||||
| Fundraisin | and | ublicit | |||
| Other fundraising | costs | 117,541 | 35,638 | ||
| Staff costs | 32,303 | 29,797 | |||
| Support costs | 11,148 | 2,385 | |||
| Fundraising | and publicity | 160,992 | 67,820 | ||
| 160,992 | 67,820 | ||||
| Charitable | activities | ||||
| Program | Program | ||||
| 2022 | 2021 | ||||
| Staff costs | 32,303 | 29,797 | |||
| School construction | 147,351 | 99,800 | |||
| Scholarships | 3,150 | ||||
| 179,654 | 132,747 | ||||
| Share ofsupport costs (see note 7) | 3,914 | 3,158 | |||
| Share ofgovernance | costs (see note 7) | 8,366 | 8,031 | ||
| 191,934 | 143,936 | ||||
| Analysis by fund |
|||||
| Unrestricted | funds | 191,934 | 44,136 | ||
| Restricted | funds | 99,800 | |||
| For the year ended | 31 December 2021 | ||||
| Unrestricted | funds | 44,136 | |||
| Restricted | funds | 99,800 | |||
| 143,936 |
| Support costs | ||||
|---|---|---|---|---|
| Support | Governance | 2022 | 2021 | |
| costs | costs | |||
| Depreciation | 588 | 588 | 386 | |
| Bridges for Music (SA) overheads | 31 | 31 | ||
| Travelling | 11,148 | 11,148 | 2,365 | |
| Website provider | 1,608 | 1,608 | 1,432 | |
| Online marketing | 869 | 869 | 812 | |
| Bank and other charges | 818 | 818 | 548 | |
| Accountancy | 2,448 | 2,448 | 2,448 | |
| Bookkeeping | 5,918 | 5,918 | 5,583 | |
| 15,062 | 8,366 | 23,428 | 13,574 | |
| Analysed between |
||||
| Fundraising | 11,148 | 11,148 | 2,385 | |
| Charitable activities |
3,914 | 8,366 | 12,280 | 11,189 |
| 15,062 | 8,366 | 23,428 | 13,574 |
| Employees | (Continued) | |
|---|---|---|
| Employment costs |
2022 | 2021 |
| Wages and salaries | 56,400 | 52,282 |
| Social security costs | 6,886 | 5,996 |
| Other pension costs | 1,320 | 1,316 |
| 64,606 | 59,594 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | |||
| 2022 | 2021 | ||
| F | |||
| Financing | costs | 2,980 | 122 |
| 2,980 | 122 |
| Tangible fixed assets | ||
|---|---|---|
| Computers | ||
| Cost | ||
| At 1 January 2022 | 1,158 | |
| Additions | 1,262 | |
| At 31 December 2022 | 2,420 | |
| Depreciation and impairment |
||
| At 1 January 2022 | 991 | |
| Depreciation charged |
in the year | 588 |
| At 31 December 2022 | 1,579 | |
| Carrying amount |
||
| At 31 December 2022 | 841 | |
| At 31 December 2021 | 167 |
| 13 | Debtors | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts | falling due within one year: | |||
| Trade debtors | 37,658 | 195,061 | ||
| 14 | Loans and overdrafts | |||
| 2022 | 2021 | |||
| Directors' | loans | 22,992 | 23,497 | |
| Payable | after one year | 22,992 | 23,497 |
| Creditors: amounts f |
alling due within one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Other taxation and social security | 1,730 | 3,000 | |
| Trade creditors | 311 | 3,285 | |
| Other creditors | 3,651 | 3,648 | |
| Accruals and deferred | income | 77 | |
| 5,692 | 10,010 |
| 16 | Creditors: | amounts | falling | due | after | more | than | one | year | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| Borrowings | 22,992 | 23,497 |
| Movement | in funds | Movement | |||||||
|---|---|---|---|---|---|---|---|---|---|
| in funds | |||||||||
| Balance at | Incoming | Resources | Balance at | Incoming | Balance at | ||||
| 1 January 2021 |
resources | expendedi | January | 2022 | resources | 31 December | |||
| 2022 | |||||||||
| Pioneer DJ Studio | 23,750 | 92,500 | (39,800) | 76,450 | 56,500 | 132,950 | |||
| Scholarships | 4,412 | 30,000 | (30,000) | 4,412 | 12,662 | 17,074 | |||
| Defected Records | |||||||||
| Equipment | 12,000 | (12,000) | |||||||
| Defected Records | |||||||||
| Education | 18,000 | (18,000) | |||||||
| 28,162 | 152,500 | (99,800) | 80,862 | 69,162 | 150,024 | ||||
| 18 | Analysis of net assets | between | funds | ||||||
| Unrestricted | Restricted | Total Unrestricted | Restricted | Total | |||||
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| F | |||||||||
| Fund balances at 31 | |||||||||
| December 2022 are | |||||||||
| represented by: |
|||||||||
| Tangible assets | 841 | 841 | 167 | 167 | |||||
| Current assets/(liabilities) |
26,701 | 150,024 | 176,725 | 148,508 | 80,862 | 229,370 | |||
| Long term liabilities | (22,992) | - | (22,992) | (23,497) | - | (23,497) | |||
| 4,550 | 150,024 | 154,574 | 125,178 | 80,862 | 206,040 |
| 2022 | 2021 | ||
|---|---|---|---|
| Aggregate | compensation | 64,605 | 59,594 |