This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2022-03-31-accounts

Charity number	Charity number	Charity number		1156008
Company	registration		number	08812870
Principal	office and principal			Broadgate Tower
place of	business			20 Primrose Street
				London
				EC2A 2EW
Trustees				Peter John Millican (Chair)
				Anne Deborah	Millican
				Deborah Jude
Independent		examiner		Moore Kingston	Smith LLP
				6e Floor
				9Appold Street
				London
				EC2A 2AP

				Total	Total
				Unrestricted	Unrestricted
				Funds	Funds
				Year ended 31	Year ended 31
			Note	March 2022f	March 2021f
Income from:
Donations and legacies				500,000	862,900
Interest and	Investments			28	146
Total income				500,028	863,046
Expenditure on:
Charitable activities:
Support other	charitable	objectives to benefit the
wider public			2	(620,010)	(620,927)
Total ex enditure				620010	620927
Net movement	in funds			(119,982)	242,119
Reconciliation	offunds
Total deficit brou ht forward				677,936	920,055
Total deficit carried forward				797,918	677,936

					Unrestricted	Unrestricted
					funds	funds
				Note	2022	2021
					6
Current assets
Cash at bank					205,022	569,704
					205,022	569,704
Liabilities
Creditors —amounts			falling due within	4	(317,940)	(302,640)
one ear
					(317,840)	(302,640)
Net current	(liabilities)l assets				(112,918	267,064
Creditors —amounts			falling due in
more than one		ear			685,000)	(945,000)
Net liabilities					797918	677,936
The funds ofthe charity Unrestricted defiuit funds					797918	677,936
Total charity	(deficit) funds				(797,918)	(677,936)

						2022	2021
					Note
Cash flows from operating		activities:
Cash generated from	operations					(364,710)	230,389
,N t h( di)/p	v	dbrn		ti	...8	(364,710)	230,389
Cash flows from financing		activities:
Interest received						28	146
Net cas~hrovtded b financin			activities			28	146
(Decrease)/Increase	in cash	snd	cash
equivalents in the year						(364,682)	230,535
Cash and cash equivalents		at the	start cfthe			569,704	339,169
year
Cash and cash equivalents		at the end		ofthe
year						205,022	569,704
Relating to:
Cash at bank						205,022	569,704
Total cash and cash	equivalents					205,022	569,704

No	tes to the financial statements for	tes to the financial statements for	the year ended 31 March 2022
1.	Income
Donations		and Legacies
			Total	Total
			Unrestricted	Unrestricted
			Funds	Funds
			Year ended 31	Year ended 31
			INarch 2022f	March 2021 8
Donations			500,000	862,900
Investment		Income

			Total	Total
			Unrestricted	Unrestricted
			Funds	Funds
			Year ended 31	Year ended 31
			March 2022	Merc'h 2021
				E
Bank	interest	receivable	28	146
			28	146

		Tots I	Total
		Unrestricted	Unrestricted
		Funds	Funds
		Year ended 31	Year ended 31
		March 2022	March 2021
		5	8
Governance	costs	7,525	3,927
Donut&one		512355	617000
		520 010	620.927

Governanc	e costs are	m	ade up as follows
				Total	Total
				Unrestricted	Unrestricted
				Funds	Funds
				Year ended 31	Year ended 31
				iNarch 2022	March 2021
				E	E
Fees paid	to independent		examiner	2,940	2,640
Legal and	professional	fees		4,685	1,287
				7,625	3,927
Donations:
				Total	Total
				Unrestricted	Unrestricted
				Funds	Funds
				Year ended 31	Year ended 31
				March 2022	March 2021
				E	E
Amounts	paid to institutions:
Creative	Arts			582,795	611,000
Other				29890	6000
				612385	617,000
Institutions:
Kings Place Music		Foundation		475,000	565,000
Ruwenzori				36,000	36,000
Poverty	Relief Foundation			24,000
Other				77385	16,000
				812385	617000

				At 31 March	At 31 March
				2022	2021
				E
Trade payables Accruals and deferred income ~AI f t pybl				25,000 2,940 290 DOD 31794D	2,640 300,000 302640

Creditors: amounts falling due in more than o	ne year
	At 31 March	At 31 March
	2022	2021
	E
Accruals for grants payable: Due within 2 —5 ears	696OOO	945000
	eee 000	945 000

nalysis ofc	haritable funds
			At 31 March	At 31 March
			2022	2021
			E	F
Unrestricted As at 1"April Unrestricted	funds 2021 funds movement		(677,936) 119982	(920,055) 242 119
As at31"March 2022			797918	677,936
et movement	in funds, included	in the above are as follows:
		Incoming	Resources	Movement in
		Resources	Expended	funds
		E		E
Unrestricted	funds
General Fund		500,028	620,010	119,982
Totalfunds		500,028	620010	119982

2022
			Unrestricted funds	Total funds
			E	E
Net current		(liabilities)	(112,918)	(112,916)
Lon	term	liabilities	685,000	685,000
			797918	797,918
2021
			Unrestricted funds	Total funds
			E	E
Net current		liabilities	267,064	267,064
Lon	term	liabilities	945,000	945 000
			677936	677936

inancial	instruments
				31 March	31 March
				2022	2021
				E	F
Carrying	amount offinancial		assets
Cash at bank				208022	569,704
Carrying	amount offinancial		liabilities
Measured	at amortised	cost		1,002940	1,247,640

econciliation ofnet mov	ement in funds to net cash	from operating activities
		31March	31 March
		2022	2021
		E	E
Net movement in funds		(119,982)	242,119
Deduct interest recewable		(28)	(146)
Decrease in creditors		244 700	11,584
Net cash (used)l provided	by operating
activities		364710	230389