DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Charity number 1155847**
## **Multi-Story Music**
## **Report and Financial Statements**
**for the 454 day period (15 months) ended 31 March 2023**
**Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K 5LH**
DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **Contents**
||**Page**|
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2 - 3|
|Independent Examiners' Report|4|
|Statement of Financial Activities (including Income and Expenditure Account)|5 - 9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 - 18|
DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **Reference and Administrative Details**
## **Constitution**
The organisation is a charitable incorporated organisation (CIO) under the Charities Act, registered charity number 1155847. The organisation's governing document is its constitution dated 19 February 2014.
## **Trustees**
As set out in the governing document, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. The minimum number of trustees is 3, the maximum number of trustees is 9.
Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.
The trustees during the 454 day period (15 months) and since the 454 day period (15 months) end, were :
|Soumitra Chakravorty (Chair)|resigned on 14 September 2023|
|---|---|
|Adele Cross (Acting Chair)||
|Robert Cloke|appointed 14 June 2022|
|Alex Lambert|appointed 14 June 2022 / resigned 02 August 2023|
|Peter Lindsay||
|Natasha Roe||
|Tom Service|appointed 14 June 2022 / resigned 17 October 2022|
|Christopher Stark|resigned 26 January 2022|
|Hannah Timamy|appointed 14 April 2022|
|Joanna Armitage|appointed 18 July 2023|
## **Chief executive/day to day management**
Kate Whitley - Artistic Directors Ellie Carnegie-Brown - Executive Producer (left March 2022)
## **Independent examiners**
Breckman & Company Ltd, Chartered Certified Accountants, 49 South Molton Street, London W1K 5LH.
## **Bankers**
NatWest, Cambridge Market Street Branch, 23 Market Street, Cambridge CB2 3PU.
## **Registered office / principal address**
3 Space International House, 6 Canterbury Crescent, Brixton, London SW9 7QE.
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## **Multi-Story Music**
## **Trustees' Report**
The trustees present their report and the financial statements for the 454 day period (15 months) ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The legal and administrative information set out on page 1 forms part of this report.
## **Objectives and Activities**
The objective of the charity, as set out in the constitution, is to advance the education of the public in the subject of orchestral music, particular but not exclusively, by advancing and developing public access to, and appreciation of, orchestral music.
We developed our business plan during this period, with our vision being 'a world where orchestral music values and can involve absolutely anyone', and our mission as follows:
- To find inclusive, creative ways to make powerful orchestral music; To give opportunities to those who don't already have them; To empower everyone we involve to be creative and be heard; To inspire change in the rest of the orchestral world.
In shaping our objectives for the period and planning our activity, the trustees considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit, running a charity PB2'
## **Key activity**
This has been a hugely successful and busy period, with a range of projects and performances, all of which included large groups of local young people trained to create and perform alongside our professional orchestral musicians. We have found that these methods of working, especially those where the music is actively created by everyone involved in the project rather than pre-existing, leads to greater impact on those involved and results in the highest quality music. The projects carried out in the period included:
- Creation and performance of 'The Volcano', a new work depicting the life cycle of a volcano with percussion instruments, led by Fran Lobo, Elsa Bradley, Joe Richards, and Delia Stevens, performed at Bold Tendencies car park in Peckham and at the Southbank Centre in London;
- Our 'Big Summer Concert', with music by Barbara Strozzi and Vivaldi, conducted by Moustapha Doumbia and featuring soloist Francesca Chijiena;
- Creation and performance of a developed version of The Endz, with a new script written by Abi Falase, featuring soloists Moustapha Doumbia, Dupri McKoy, Flame Rhoden, Christina Brown Onabanjo and Toni Olabanji;
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## **Multi-Story Music**
## **Trustees' Report**
- Creation and performance of Awake! with interactive introduction performances included, both at our home Bold Tendencies in Peckham, at the Queen Elizabeth Hall in the Southbank Centre;
- Creation and performance in partnership with GL4 on Matson Estate in Gloucester of Tomorrow Is Another Day with young people from Beats programme, led by Fran Lobo and Jon French;
- Performance of Julis Eastman's Stay On It both in Exeter with Cygnet Theatre and in Portsmouth as part of PortsFest, led by Yusuf Narcin, Fra Rustumji, and Corentin Chassard, with young people from local schools.
## **Summary of main achievements in the period**
- Carrying out a dynamic and varied concert series both at our home Bold Tendencies in Peckham, at the Queen Elizabeth Hall in the Southbank Centre, and in other locations around the country, reaching hundreds of young people and musicians and providing significant opportunities in areas of greater need;
- Launching of our Young Creatives scheme, which now enables our young people aged 16-19 to meet weekly and benefit from significant creative and development opportunities;
_- Securing significant national press coverage, including being featured on ITV News, in The Telegraph and in The Times for The Endz;_
- Securing Arts Council National Portfolio Funding, which transforms our financial stability over the next 3 years;
- Expanding our staffing team to reflect the growing scale of our work, with the new programme team including a full time Youth Coordinator as our work with young people expands significantly.
## **Reserves Policy**
The trustees understand the need to build up sufficient reserves to provide a degree of financial security for the orchestra's ongoing operations. Trustees consider that a prudent level of unrestricted charitable reserves should cover unavoidable operating costs of the charity for three to six months, which equates to between £58,000-£116,000.
On 31 March 2023, the total amount of unrestricted funds was £150,054, with designated funds of £77,494 and general funds of £72,560. The restricted funds balance at the year-end was £137,378.
## **Financial Review**
During the 15 month period ended 31 March 2023, Multi-Story Music received grant income of £296,900 (2021: £69,504), performance income of £71,028 (2021: £25,404), voluntary income of £67,616 (2021: £59,232) and orchestra tax relief of £56,578 (2021: £16,987) totalling £492,122 (2021: £171,127).
During the 15 month period ended 31 March 2023, total expenditure was £349,856 (2021: £230,792)
This report was approved by the Board of Trustees on 18 January 2024 and signed on its behalf by
**Adele Cross (Acting Chair) Trustee**
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## **Independent Examiner's Report to the Trustees of Multi-Story Music**
I report on the accounts of the charity for the period ended 31 March 2023, which are set out on pages 5 to 18.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants.
Having satisfied myself that the charity is not subject to an audit under charity law and is eligible for independent examination, it is my responsibility to:
- ꞏ examine the accounts under section 145 of the 2011 Act;
- ꞏ follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
- ꞏ state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- ꞏ to keep accounting records in accordance with section 130 of the 2011 Act; and
- ꞏ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Richard Nelson Breckman & Company Ltd Chartered Certified Accountants**
49 South Molton Street London W1K 5LH
18 January 2024
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## **Multi-Story Music**
## **Statement of Financial Activities (including Income and Expenditure Account) for the 454 day period (15 months) ended 31 March 2023**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Income:**
**2**
Donations and legacies - page 6
67,616
-
Charitable activities
Concert income - page 7
71,028
296,900
Other
**3**
56,578
-
**Total**
195,222
296,900
**Expenditure on:**
Raising funds:
Fundraising - page 8
28,426
-
Charitable activities:
Concert costs - page 8
144,236
177,194
**Total**
172,662
177,194
**Net movement in funds:**
**Net income/(expenditure)**
**4**
22,560
119,706
**Reconciliation of funds:**
**Total funds brought forward**
127,494
17,672
**Total funds carried forward**
**12, 13**
150,054
137,378|**2023**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**£**
**£**
**£**
67,616
59,232
-
367,928
25,404
69,504
56,578
16,987
-
492,122
101,623
69,504
28,426
18,589
-
321,430
87,062
125,141
349,856
105,651
125,141
142,266
)
(4,028
)
(55,637
145,166
131,522
73,309
287,432
127,494
17,672|**2021**
**Total**
**£**
59,232
94,908
16,987
171,127
18,589
212,203
230,792
)
(59,665
204,831
145,166|
|---|---|---|
The notes on pages 11 to 18 form an integral part of these financial statements.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
5
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## **Multi-Story Music**
## **Period ended 31 March 2023**
|**Income from donations and legacies**
**Grants**
John and Susan Bowers Fund
Fitton Trust
Foyle Foundation
**Donations**
Individual donations
Donation in kind - rent|**2023**
**£**
-
350
-|**£**
350
44,766
22,500
67,616|**2021**
**£**
800
350
15,000|**£**
16,150
43,082
-|
|---|---|---|---|---|
|||||59,232|
6
DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **454 day period (15 months) ended 31 March 2023**
|**Income from charitable activities**
**Concert performances**
Ticket sales
Partnership income
Other income
**Project specific funding**
**Grants/Donations**
ACE Developing audience & participants
Paul Hamlyn Foundation
ACE Young creative grant
Fenton Arts Trust
Garfield Weston Foundation
Genesis Kickstart Fund
Hilden Charitable Fund
ACE Orchestral training grant
ACE Digital school tours
Peckham Settlement
Three Monkies Trust
Marchus Trust
Cockayne - Grants for the Arts
Ambache Charitable Trust
Newcomen Collett Foundation
London Music Fund
PRS Foundation
Borletti-Buitoni Trust
RA and VB Reekie Charitable Trust
Sundry donation
D'Oyly Carte Charitable Trust
The Austin and Hope Pilkington Trust
CAF American Donor Fund
**Other income**
Orchestra Tax Relief (OTR)|**2023**
**£**
5,385
64,843
800
71,028
44,000
146,350
18,000
-
8,000
-
-
-
-
2,500
8,000
3,000
4,000
1,000
1,000
4,800
4,000
35,000
500
1,250
2,500
3,000
10,000
296,900
56,578
56,578|**2021**
**£**
3,398
22,006
-|
|---|---|---|
|||25,404|
|||-
32,000
-
5,000
-
10,000
6,500
10,000
504
-
-
-
5,000
-
-
-
-
-
-
500
-
-
-|
|||69,504|
|||16,987|
|||16,987|
7
DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **454 day period (15 months) ended 31 March 2023**
|**Expenditure on raising funds**
Fundraising staff costs
Fundraising costs
Freelancer fees
**Expenditure on charitable activities**
**Concert costs**
Production fees
Staff costs
Freelancer fees
Production costs
Marketing
Travel
Support costs - page 9
Governance costs - page 9|**2023**
**£**
14,408
12,956
1,062
28,426
43,013
84,782
14,984
86,077
1,223
7,557
237,636
80,127
3,667
321,430|**2021**
**£**
17,531
1,058
-|
|---|---|---|
|||18,589|
|||104,563
-
-
24,344
628
14,118|
|||143,653
65,850
2,700|
|||212,203|
8
DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **454 day period (15 months) ended 31 March 2023**
|**Support and governance costs**
**Support costs**
**Office overheads**
Rent - donation in kind
Insurance
Depreciation of fixtures/fittings/equipment
**Administration costs**
Staff costs
Freelancer fees
Staff training
Staff recruitment
Travel/subsistence
Advertising/marketing
Sundries
**Professional/financial**
Bank charges
**Governance costs**
Independent examination/accountancy|**2023**
**£**
22,500
1,106
422
7,979
31,913
7,625
1,471
1,238
2,485
2,648
740
3,667|**£**
24,028
55,359
740
80,127
3,667
83,794|**2021**
**£**
-
937
-
33,760
22,225
2,833
1,037
192
1,087
3,370
409
2,700|937
64,504
409|
|---|---|---|---|---|
|||||65,850
2,700|
|||||68,550|
9
DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **Balance Sheet 31 March 2023**
|**Notes**
Tangible assets
**8**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Liabilities:**
Creditors: amounts falling
due within one year
**10**
**Net current assets**
**Total assets less current**
**over total assets**
**The funds of the charity:**
Unrestricted funds:
- General funds
**12**
- Designated funds
Restricted funds
**13**
**Total charity funds**|**2023**
**£**
69,533
220,939
290,472
)
(6,553|**£**
3,513
283,919
287,432
72,560
77,494
150,054
137,378
287,432|**2021**
**£**
20,991
132,668
153,659
)
(8,493|**£**
-
145,166|
|---|---|---|---|---|
|||||145,166|
|||||50,000
77,494|
|||||127,494
17,672|
|||||145,166|
The financial statements were approved by the Board of Trustees on 18 January 2024 and signed on its behalf by
## **Adele Cross (Acting Chair) Trustee**
The notes on pages 11 to 18 form an integral part of these financial statements.
10
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## **Multi-Story Music**
## **Notes to the Financial Statements for the 454 day period (15 months) ended 31 March 2023**
## **1. Accounting policies**
## **1.1. Basis of preparing the financial statements**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (issued October 2019) applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)).
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **1.2. Income**
All incoming resources are included in the Statement of Financial Activities when:
- the charity is legally entitled to the funds
- any performance conditions attached to the income have been met or are fully within the control of the charity
- there is sufficient certainty that receipt of the income is considered probable
- the amount can be reliably measured
## **- Donations and legacies**
Grants/donations are recognised in incoming resources in the 454 day period (15 months) in which they are receivable, except as follows:
- when donors specify that grants/donations given to the charity must be used in future accounting periods, the income is deferred until those periods
- when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use are met.
## **- Charitable activities**
Concert income - ticket sales from concerts and sundry other performance income is included in incoming resources in the period in which the relevant activity takes place.
Project specific funding - when donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
## **- Investment income**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
11
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## **Multi-Story Music**
## **Notes to the Financial Statements for the 454 day period (15 months) ended 31 March 2023**
## **1.3. Expenditure**
All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when:
- there is a legal or constructive obligation to make a payment
- it is probable that settlement will be required
- the amount of the obligation can be measured reliably
## **- Costs of raising funds**
Costs incurred in attracting donations, and those incurred in trading activities that raise funds.
## **- Charitable activities**
Concert costs - costs incurred in the staging of performances during the 454 day period (15 months).
## **- Support costs**
The administrative and overhead costs associated with running the office from which the company operates as well as governance costs. Support costs are wholly attributable to theatre production costs.
## **- Governance costs**
Costs associated with the constitutional and statutory requirements of the charity.
## **1.4. Fund accounting**
Funds held by the charity are:
- Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
- Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **1.5. Tangible fixed assets and depreciation**
Individual fixed assets costing £500 or more are capitalised at cost.
Depreciation is provided at annual rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures/fittings/equipment
-
Straight line over 3 years
## **1.6. Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
12
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## **Multi-Story Music**
## **Notes to the Financial Statements**
## **for the 454 day period (15 months) ended 31 March 2023**
## **1.7. Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.8. Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.9. Financial Instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value, and subsequently measured at their settlement value.
## **1.10. Significant Accounting Estimates and Judgements**
In determining the carrying amounts of certain assets and liabilities, the charity makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation of future events and are reviewed annually.
## **2. Income**
The total incoming resources for the 454 day period (15 months) have been derived from the principal activity undertaken wholly in the UK.
|**3.**
**Other income**
Orchestra Tax Relief (OTR)
**4.**
**Net income/(expenditure) for the 454 day period (15 months) is**
**stated after charging:**
Depreciation of tangible fixed assets
Independent examiners' remuneration
-Independent examination
-Other services|**2023**
**£**
56,578
**2023**
**£**
422
3,187
480|**2021**
**£**
16,987|
|---|---|---|
|||**2021**
**£**
-
2,220
480|
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## **Multi-Story Music**
## **Notes to the Financial Statements for the 454 day period (15 months) ended 31 March 2023**
## **5. Trustees' emoluments and reimbursed expenses**
The aggregated amount reimbursed to trustees during the 454 day period (15 months) was £nil (2021 - £nil.
|**6.**
**Staff costs and numbers**
**Staff costs**
Salaries and wages
Social security costs
Pension costs|**2023**
**£**
100,382
4,384
2,403
107,169|**2021**
**£**
49,886
344
1,061|
|---|---|---|
|||51,291|
No employee earned £60,000 or more during the 454 day period (15 months) (2021 - nil).
The key management personnel of the charity comprise the Trustees and the Senior Management Team. The total employee benefits and fees of the key management personnel of the charity were £37,853 (2021- £63,948).
## **Staff numbers**
The average numbers of employees (including casual and part time staff) during the 454 day period (15 months) was made up as follows:
|(15 months) was made up as follows:|||
|---|---|---|
|
Fundraising
Charitable activities|**2023**
**Number**
0.5
2.5
3|**2021**
**Number**
1
2|
|||3|
## **7. Corporation taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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## **Multi-Story Music**
## **Notes to the Financial Statements for the 454 day period (15 months) ended 31 March 2023**
|**8.**
**Fixed assets - tangible assets**
**Fixtures/**
**fittings/**
**equipment**
**£**
**Cost**
Additions
3,935
31 March 2023
3,935
**Depreciation**
1 January 2022
-
Charge for 454 day period (15 months)
422
31 March 2023
422
**Net book values**
31 March 2023
3,513
**9.**
**Debtors**
**2023**
**£**
Trade debtors
12,019
Other debtors
-
Prepayments and accrued income
57,514
69,533
**10.**
**Creditors: amounts falling due**
**2023**
**within one year**
**£**
Trade creditors
3,852
Other taxation/social security
-
Deferred income (note 11)
-
Accruals
2,701
6,553|**Total**
**£**
3,935|
|---|---|
||3,935|
||-
422|
||422|
||3,513|
||**2021**
**£**
1,645
221
19,125|
||20,991|
||**2021**
**£**
3,852
1,140
800
2,701|
||8,493|
15
DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **Notes to the Financial Statements for the 454 day period (15 months) ended 31 March 2023**
## **11. Deferred income**
## **£**
|Balance at 1 January 2022
Amount released to incoming resources
Balance at 31 March 2023|800
)
(800|
|---|---|
||-|
Deferred income relates to grants and donations received in advance.
|**12.**|**Unrestricted funds**|**Brought**|**Income**|**Outgoing**|**Carried**|
|---|---|---|---|---|---|
|||**forward**||**resources**|**forward**|
|||**£**|**£**|**£**|**£**|
||General fund|50,000|195,222|)
(157,192|88,030|
||Designated funds:|||||
||2022-4 Programme costs|77,494|-|-|77,494|
|||127,494|195,222|)
(157,192|165,524|
## **2022-4 Programme costs**
This fund has been created towards the charity's activity in 2022-4.
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DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **Notes to the Financial Statements for the 454 day period (15 months) ended 31 March 2023**
|**13.**
**Restricted funds**
Orchestral Training Scheme
Developing audiences
Strategic Touring
Creative Music Making Model
Core overheads / staffing
Young Creatives
Verified
The Endz
Trainee programme
2023 New commission|**Brought**
**Income**
**Outgoing**
**Carried**
**forward**
**resources**
**forward**
**£**
**£**
**£**
**£**
9,800
-
)
(10,800
1,000
-
44,750
)
(44,750
-
1,072
-
-
1,072
6,800
-
)
(6,800
-
-
146,350
)
(85,713
60,637
-
44,300
)
(9,850
34,450
-
39,000
)
(6,550
32,450
-
8,500
)
(8,500
-
-
11,000
)
(4,231
6,769
-
3,000
3,000
17,672
296,900
)
(177,194 137,378|**Brought**
**Income**
**Outgoing**
**Carried**
**forward**
**resources**
**forward**
**£**
**£**
**£**
**£**
9,800
-
)
(10,800
1,000
-
44,750
)
(44,750
-
1,072
-
-
1,072
6,800
-
)
(6,800
-
-
146,350
)
(85,713
60,637
-
44,300
)
(9,850
34,450
-
39,000
)
(6,550
32,450
-
8,500
)
(8,500
-
-
11,000
)
(4,231
6,769
-
3,000
3,000
17,672
296,900
)
(177,194 137,378|
|---|---|---|
|||)
(177,194 137,378|
## **Core overheads / staffing**
This fund is towards our staff costs to support the delivery of our live programme.
## **Orchestral Training Scheme**
This funding was to work with young instrumentalists who performed alongside the orchestra at Bold Tendencies car park in Peckham and at the Southbank Centre.
## **Creative Music Making Model**
This funding was to enable our creative music making projects where we devise music with young people.
## **Strategic Touring**
This funding was to tour the Multi-Story Orchestra to car parks in the North, Midlands and South-West Areas across 2018-2019.
## **Developing Audiences**
This fund was towards the costs of developing our audiences and participants in both Peckham and Gloucester. Due to COVID restrictions this was extended until 2022
## **Trainee Programme**
This fund supports the employment costs of a 12 month traineeship, recruited from the Young Creatives programme.
## **The Endz**
This funding was to create a new piece called 'The Endz' with young people from Harris Academy Peckham
## **2023 New Commission**
Building on the success of The Endz, a new commission for orchestra and spoken word to be performed by young people and orchestra
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DocuSign Envelope ID: 50CB0D92-9CFC-4C66-B9B6-7FED231438DF
## **Multi-Story Music**
## **Notes to the Financial Statements for the 454 day period (15 months) ended 31 March 2023**
## **Verified**
Funding to support a new large-scale choir and orchestra commission - Verified to be performed in summer 2023.
## **Young Creatives**
Funding to support our Young Creatives scheme where young people co-create new orchestral work with our professional orchestra, reaching new audiences.
## **14. Analysis of net assets between funds**
|**General**
**Designated**
**Restricted**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Fund balances at 31 March 2023
are represented by:
Tangible fixed assets
3,513
-
-
Net current assets
69,047
77,494
137,378
72,560
77,494
137,378|**Total**
**£**
3,513
283,919|
|---|---|
||287,432|
## **15. Transactions with trustees**
There are no transaction with trustees during the year.
## **16. Liability of members**
If Multi-Story Music is wound up, the members of the organisation have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. At 31 March 2023 there were 6 members.
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