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2022-03-31-accounts

Registered charity number: 1157016

Music and Theatre for All (a Charitable Incorporated Organisation)

Financial Statements

For the year ended 31 March 2022

Music and Theatre for All (a Charitable Incorporated Organisation)

CONTENTS

Page
Administrative information 2
Report of the trustees 3
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9

1

Music and Theatre for All (a Charitable Incorporated Organisation)

ADMINISTRATIVE INFORMATION

Trustees The Rt. Hon. Sir Richard Aikens (Chairman)
Alexander Armstrong
Alice Keens-Soper
Jessica May
Claire Styles
Stephen Weil
Charity number 1157016
Registered office 79 Algiers Road
London
SE13 7JD
Independent examiner David Wheeler FCCA
Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ
Bankers Barclays Bank UK plc
Market Place
Leicester
LE87 2BB

2

Music and Theatre for All

(a Charitable Incorporated Organisation)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report together with the independently examined financial statements for the year ended 31 March 2022.

Music and Theatre for All is a charitable incorporated organisation (CIO) registered with the Charity Commission. The charity number, principal addresses and details of professional advisors are included in the administrative information on page 2.

Constitution, objectives and activities

Music and Theatre for All is constituted under a trust deed dated 12 May 2014.

The charity’s objects are, for the public benefit, to:

  1. Advance the education of the public in the appreciation of music and theatre

  2. Advance public awareness of and promote participation in music and theatre

Music and Theatre for All have in the past three years commissioned new work, contributed to the funding and production of live concerts, developed projects and run workshops for school children and senior citizens, produced film and audio recordings in line with its stated aims and objectives.

The trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year. The trustees consider that the Trust’s activities are for the benefit of the public generally.

Organisational structure

The charity is managed by the trustees who are appointed by existing trustees.

All trustees receive an induction pack containing the charity’s key documents and attend at least one meeting a year. Throughout the year, trustees receive regular updates on the activities of the charity. Trustees are also strongly encouraged to visit the projects themselves.

Achievements and performance

In 2021-22 Music and Theatre for All progressed in all three of its major projects, more than doubled its turnover and solidified working practices. Faced with challenges raising sufficient funds in line with most arts organisations, MTFA displayed resilience and flexibility.

A summary of key events:

Urban Opera: a successful Arts Council England (ACE) bid for £84k in the summer of 2021 led to 8 new operas being created in Lewisham as part of the Borough of Culture celebrations, including 7 in 5 Lewisham schools (2 secondary, 2 primary, 1 SEN) and one in the wider community, ‘Our Street’, written with celebrated singer/songwriter Gwyneth Herbert. Over 250 children and 100 community participants were involved, with 75 Arts Awards being awarded. Two unsuccessful follow up bids to ACE to showcase ‘Our Street’ were to lead to a successful pared down ‘preview version’ in July 2022. Schubert 200: November 2021 saw a special performance of Die Schöne Müllerin in Middle Temple Hall in London, broadcast on Radio 3. In January 2022 we launched the Schubert Circle with a special fundraising event in Battersea, raising £25k towards the costs of making a recording.

3

The Hive: following a successful attempt to raise £10k from the trustees, a business plan, case and architectural brief was prepared by Robin Brady. This led to conversations with Dover District Council to provide a Hive for the town, which was losing its theatre. Conversations continued through the year and we hope for further progress in 2022-23.

Executive Administrator, Emma Harvey joined the team in early 2022, replacing Katherine Cox. MTFA continued to fundraise with advice from Penny Jonas and worked with Almond Tree Consulting to broaden its reach.

Future plans

2022-23 will see the founding of the Lewisham Creative Chorus (legacy to the Lewisham Urban Opera), the release and launch of the first Schubert 200 recording, and an application to become a National Portfolio Organisation.

4

Music and Theatre for All (a Charitable Incorporated Organisation)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (cont’d)

Financial review

Total income for the year amounted to £ 184,967 (2021 - £70,325). The trustees’ charitable activities of promoting and enhancing charitable work amounted to £197,684 (2021 - £44,444). This results in a deficit for the year of £12,717 (2021 – surplus of £25,881).

The trustees’ policy is to retain a level of reserves which will provide a stable base for its continuing activities while at the same time ensuring that funds are not accumulated.

Risk management

The trustees have assessed the major risks to which the charity is exposed and in particular those relating to the specific operational areas of the charity and its finances. The trustees believe that by ensuring controls exist over key financial systems and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks.

Trustees

The following trustees have held office during the year:

The Rt. Hon. Sir Richard Aikens Alice Keens-Soper Jessica May Alexander Armstrong Paul Stephen Weil Claire Styles

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Account Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial period which gives a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charitable organisation for that period. In preparing these financial statements, the trustees are required to:

5

Music and Theatre for All (a Charitable Incorporated Organisation)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 (cont’d)

The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable organisation’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable organisation and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 18 January 2023 and signed on their behalf by:

The Rt. Hon. Sir Richard Aikens

Trustee

6

Musi¢ and Theatre for All (a Charitable In¢orporated OrganisatiOD) INDEPENDENf EXAMINER'S REPORT I report to th¢ trustees on Jny examination of the accounts of Music and Theatre for Ail ('%he Trust") for the year ended 31 March 2022 on pages 7 to l I Respon8ibilities basis of report As the charity's trustees? you are responsible for the preparation of the a￿ount$ in accordance with the requirements of th¢ Charities Act 2011 ('kne Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Indepettdent examiner's statemettt I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records We￿ not kept in 8o¢ordance with section 130 of the Charlties Act. or the accounts did not accord with the accounting records. or th¢ accounts did not comply with the applicabl¢ requirements concerning the forni and contsnt of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fair, view which is not a matter ￿nSIdered as part of an independent examination. I hav¢ no concerns and hav¢ come acros5 no other matters in connection with the examination to which attention should be drawn in this report in ord¢r to enable a proper understanding of the accounts to IK r¢ath¢d. David Wheeler FCCA Date: 2a J 2• Independent ¢xaTniner Cheeld Wheeler & Co Redhill Chambers 2d High Street Redhill Surrey RHI IRJ

Music and Theatre for All (a Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
Income
Donations and legacies
Grants receivable
Total income and endowments
2
Expenditure on
Charitable activities
Direct costs
Support costs
Total expenditure
3
Net (expenditure)/income and net movement in
funds for the year
Brought forward 1 April 2021
Balance carried forward at 31 March 2022		 Unrestricted
funds
£
25,765
500
26,265
47,508
14,013
61,521
(35,256)
10,548
(24,708)		 Restricted
funds
£
44,320
114,382
158,702
136,148
15
136,163
22,539
12,146
34,685		 2022
Total
funds
£
70,085
114,882
184,967
183,656
14,028
197,684
(12,717)
22,694
**9,997 **		 2021
Total
funds
£
33,188
37,137
70,325
34,991
9,453
44,444
25,881
(3,187)
**22,694 **

There are no recognised gains or losses other than those passing through the statement of financial activities, which has been prepared on the basis that all operations are continuing operations.

The notes on pages 9 to 12 form part of these financial statements.

8

Music and Theatre for All

(a Charitable Incorporated Organisation)

BALANCE SHEET AS AT 31 MARCH 2022

Notes
Current assets
Grants receivable
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
4
Net current assets
Net assets
The funds of the charity
6
Unrestricted funds
Restricted funds		 £
8,438
20,733
29,171
19,194		 2022
£
9,977
£9,977
(24,708)
34,685
£9,977		 £
0
23,174
23,174
480
 2021
£
22,694
**£22,694 **
10,548
12,146
£22,694

The notes on pages 9 to 12 form part of these financial statements.

Approved by the trustees for issue on 18 January 2023 and signed on their behalf by:

The Rt. Hon. Sir Richard Aikens

Trustee Charity registration number: 1157016

9

Music and Theatre for All (a Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. Accounting policies

A summary of the principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below.

1.1 Basis of preparation

These financial statements have been prepared for the year ended 31 March 2022.

These financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

The accounts 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 applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 102) the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

1.2 Critical accounting estimates and areas of judgement

Preparation of the accounts requires the trustees and management to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

• Estimating the liability for accruals

1.3 Assessment of going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect of a period of one year from the date of approval of these accounts.

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.4 Income

Grants and donations receivable are accounted for as soon as their amount and receipt are reasonably certain. In the case of unsolicited donations, they are usually only accounted for when received.

All other income is accounted for under the accruals basis.

10

Music and Theatre for All (a Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category.

Costs of generating funds expenditure is detailed at note 3, and comprises the costs associated with attracting voluntary income and any fundraising events.

Charitable expenditure is detailed in note 3, and comprises those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

1.6 Related party transactions

There were no related party transactions during the year.

1.7 Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

1.8 Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

1.9 Accumulated funds

Unrestricted funds are donations and other income receivable for the objects of the charity without further specific conditions and are available as general funds.

1.10 Taxation

Music and Theatre for All is a registered charity and therefore is not liable to income tax or corporation tax derived from its charitable activities, as it falls within the various exemptions available to registered charities.

2. Income

Donations and legacies
Grants receivable
Gift Aid		 2022
2021
£
£
61,310
33,188
114,882
37,137
8,775
-

11

Music and Theatre for All (a Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

3 Total expenditure

3Total expenditure
Charitable activities
Charitable activities
Direct costs
Personnel costs
Creative and production costs
Charitable donations
Personnel costs represent fees paid
to individuals who are engaged by
the charity on a freelance basis.
Support costs
Bookkeeping and admin support
Bank charges
Examiner’s fee
Accountancy
Sundry expenses
4Creditors: amounts falling due
within one year
Accrued expenses
Gift aid		 Direct
Costs
£
183,656		 Support
Costs
£
14,028
 Total
2022
£
197,684
2022
£
47,508
136,148
-
183,656
2022
12,185
16
750
900
177
14,028
2021
19,194
-
19,194		 Total
2021
£
44,444
2021
£
19,533
5,458
10,000
34,991
2021
8,680
113
-
510
150
9,453
2020
480
-
480

5. Employees

The charity did not have any employees during the year (2021: nil). No trustee received any remuneration or was reimbursed any expenses during the year or the previous year.

12

Music and Theatre for All (a Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

6
The funds of the charity
Debtors
Cash at bank and in hand
Creditors
Movement in funds
Unrestricted funds
Restricted funds:
Schubert 2000
Urban Opera
Hive
Total funds
Unrestricted funds
Restricted funds
Schubert 2000
Urban Opera
Hive		 Unrestricted
Restricted
£
£
0
(16,658)
8,438
37,291
(7,750)
(11,444)
£(24,308)
£34,285
1.4.2021
Net
movement
£
£
10,548
(34,856)
-
934
12,146
21,704
-
(499)


12,146
22,139
£22,694
(£12,717)
Income
Expenditure
£
£
26,665
(61,521)
21,473
(20,539)
130,333
(108,629)
6,497
(6,996)


£158,303
£(136,164)		 Unrestricted
Restricted
£
£
0
(16,658)
8,438
37,291
(7,750)
(11,444)
£(24,308)
£34,285
1.4.2021
Net
movement
£
£
10,548
(34,856)
-
934
12,146
21,704
-
(499)


12,146
22,139
£22,694
(£12,717)
Income
Expenditure
£
£
26,665
(61,521)
21,473
(20,539)
130,333
(108,629)
6,497
(6,996)


£158,303
£(136,164)		 Restricted
£
8,438
37,291
(11,444)		 Total
2022
£
8,438
20,733
(19,194)
£34,285 £9,977
1.4.2021
£
10,548
-
12,146
-

12,146
£22,694
Income
£
26,665
21,473
130,333
6,497

£158,303




31.3.2021
£
(24,308)
934
33,850
(499)
34,285
£9,977
Net
movement
£
(34,856)
934
21,704
(499)
£22,139

13