**Charity number: 1162282**
## **Nonclassical**
**Report of the Trustees and Unaudited Financial Statements**
**For the year ended 31 March 2021**
**Nonclassical Contents Page For the year ended 31 March 2021**
|Report of the Trustees|1 to 5|
|---|---|
|Independent Examiner's Report to the Trustees|6|
|Statement of Financial Activities|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9 to 17|
## **Nonclassical Report of the Trustees**
## **For the year ended 31 March 2021**
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## OUR VISION AND MISSION
## **Vision**
Nonclassical aims to cross genres and defy convention to develop, produce and promote the best new classical, experimental and electronic music to new audiences.
## **Mission**
We will achieve our vision by:
• Developing and producing the best new classical music, pushing at the boundaries and conventions of the genre
• Working with a dual approach - releasing music as a label and promoting it in a live context
• Helping new artists to develop their careers and creative output by providing the platforms, support and exposure they need
• Bringing innovative new classical music to new audiences in non-traditional performance settings
## **Values**
## Accessible
• Making the best new classical music accessible is core to our mission. We take our music to new live audiences in non-traditional settings and new listening audiences through the latest streaming technology, breaking conventions of exclusivity wherever we find them.
## Collaborative
• We work closely with artists and composers to nurture, curate and promote new classical music. We are open to new ideas and collaborate with artists, composers, venues, promoters and partners in all aspects of our work.
## Discerning
• We develop, release and promote exciting artists - but only give our support to artists who we think have an abundance of talent and something original to say; we are interested in finding, developing, releasing and promoting the best of tomorrow's music, today.
## Forward-thinking
• We proactively seek out new artists and music, alongside new ways of working and promoting contemporary classical music. We welcome collaboration with contemporary cultural organisations with a similarly forward-thinking agenda.
## Inclusive
• We welcome and actively seek out new music from the best practitioners in the space of new classical music, across genres and regardless of age, gender, sexuality, socio-economic ethnic background or disability.
## **Public benefit**
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Nonclassical benefits the public through:
• encouraging the appreciation and development of contemporary classical music by organising events in non-traditional ways and settings whilst working with high quality performers
- mentoring emerging performers, composers and event promoters
- producing and distributing recordings
- organising such related activities as the Board may determine
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## **Nonclassical Report of the Trustees Continued For the year ended 31 March 2021**
## **ACHIEVEMENTS AND PERFORMANCE**
The main aim of the Charity on incorporation was to bring the events and record label activities together within a single organisational structure, and to intertwine those activities in order to better develop musicians and composers and to develop new and engage existing audiences for adventurous new music.
2020/21 was an unprecedented year due to the COVID-19 outbreak. While this impacted Nonclassical’s ability to deliver certain activities – in particular live events - it presented an opportunity to pivot to digital platforms during this period and seek ways to continue supporting artists to disseminate their work and reach new audiences worldwide. As a result, the breadth of Nonclassical’s remit meant partnerships could be reimagined, new opportunities sought and extra capacity could be leveraged towards a thriving release schedule during an otherwise difficult year.
## **LABEL**
Nonclassical’s record label provided a much-needed platform for new music to be released compared with any year earlier in its history: it supported 16 releases featuring 12 hours of new music from 128 musicians and composers. This included:
- a compilation CD of experimental Swiss artists, curated by Nick Luscombe and supported by Pro Helvetia
- Ligeti Quartet’s debut release, _Songbooks vol. 1,_ featuring works inspired by Tuvan and Sardinian throat singing composed by Christian Mason and Tanya Taqaq
- Langham Research Centre’s _Tapeworks vol. 2_
- a fourth volume of ‘Outside the Lines’ featuring our favourite six emerging acts
- a first EP with British-based Brazilian pianist Kesia Decote featuring a collection of works by emerging UK-based composers for piano and toy piano
- returning EPs and singles from Tom Richards, Gabriel Prokofiev and Dominic Murcott (improvising with Laura Jurd, Tom Challenger, Hans Koller, Joe Townsend)
- a release from Berlin-based pianist Roman Rofalski featuring his compositions for keyboard and electronics
- four volumes of a new lockdown compilation series titled _I hope this finds you well in these strange times_ where 100% of proceeds support the artists therein.
Nonclassical’s 2020/21 releases have received 36,000+ streams to date across digital streaming platforms, reaching audiences worldwide alongside our core audience in the UK.
Press highlights for releases during the year include features in The Wire, Electronic Sound Magazine, Songlines Magazine, The Telegraph and The New York Times.
## **DIGITAL EVENTS**
While Nonclassical’s bi-monthly club nights were put on hold due to government restrictions – Nonclassical pursued new ways to support artists to share their work with our audiences through digital activity, bringing the community together from the safety of their own homes. This took the form of:
## **Nonclassical Academy**
Nonclassical enabled 25 online workshops working with 14 different artists to share elements of their creative practice. From introductions to modular synthesis to building DIY synths from mail-posted kits, to exploring extended techniques for turntables through to viola and approaches to experimental music-theatre performance. These workshops brought together 175 audience members from all over the globe, from East London to Australia and provided a unique way for Nonclassical to bring the community together to enjoy learning in each other’s company during a period of isolation:
- New Soundscapes: online field recording workshops with Kate Carr
- Introduction to Modular Synths with Dominic Murcott
- The Physics of Sound and Acoustics with Tom Richards
- Turntablism // Introduction to Classic(al) Scratching with Mr Switch
- Exploring the Unfamiliar // extended violin techniques with Aisha Orazbayeva
- Turntablism // Composing and Improvising with Mariam Rezeai
- Build your own synth with Dirty Electronics / Thrupenny Synth
- Build your own synth with Dirty Electronics / Radical Nails
- Composing Miniatures for voice and viola // Sarah Dacey + Stephan Upshaw
- Domestic Discipline // DIY approaches to experimental music-theatre performance with Neil Luck
- • Recomposed // classical collage, composition and sampling with Mira Calix
- Perform with Langham Research Centre // Play - Christian Wolff (1968)
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## **Nonclassical Report of the Trustees Continued For the year ended 31 March 2021**
## **Streamed concerts**
Nonclassical supported live-streamed events in partnership with artists, venues and City of London corporation.
- 2 live-streamed events to launch releases with Roman Rolfaski (White Cube) and Tom Richards
- Online event premiering four audio-visual commissions from Nonclassical Associate Composers and collaborators in partnership with City of London to mark The Mayflower 400[th] anniversary.
## **Music videos**
Nonclassical commissioned video content to promote record releases as well as pivot a live partnership with Nottingham University’s NottNOISE to an online collaboration to showcase the thriving music scene in the East Midlands.
- 4 music videos to promote Nonclassical releases released on YouTube.
- 1 original 15-minute film to launch Swiss Sound Journeys release “A Shattered Mountain” premiered on Louder than War’s website, supported by Pro Helvetia.
- 14 music videos in partnership with NottNOISE (Nottingham University) featuring 18 original works from 35 performers from East Midlands, accompanied by blog features on the artists.
Across this activity, we supported 88 artists in reaching a combined online audience of over 20,000 internationally.
As a result of this increased digital activity, Nonclassical’s YouTube channel saw a 35% growth in subscribers during this period to close to 700 subscribers.
## **ASSOCIATE COMPOSERS SCHEME**
Artist development is at the heart of Nonclassical’s work and our Associate Composers Scheme, launched in 2016, is a key programme supporting artists across the breadth of Nonclassical’s activity. The programme provides opportunities for UK-based unpublished and unsigned emerging composers to develop and showcase new music through Nonclassical (and partners’) commissions, events and releases, as well as further their professional development through workshops and mentoring – preparing them for their next steps for sustaining a career in composition.
While professional development sessions between composers and their mentors could go ahead, public-facing activity planned for this period saw postponements for Dan Samsa, Yfat Soul Zisso, Blasio Kavuma & Lola de la Mata. Two events due to be curated by the Associate Composers during this period had to be postponed to summer and autumn 2021 due to COVID 19 restrictions.
Nonclassical however did create new opportunities during this time including:
- Commissioning each composer to collaborate with an artist on new audio-visual work for an online premiere (with City of London)
- Opportunities to release their work across the four lockdown compilations, _I hope this finds you well in these strange times,_ giving them exposure and income during a difficult year.
Nonclassical’s composers received further opportunities including a feature on City of London/Our City Together as part of Black History Month, a commission with PRS/Riot Ensemble, a WARP newsletter feature of a track released on Outside the Lines vol. 4, a lectureship at Royal College of Music in Art Music Practice and an opportunity to co-curate a show on NTS radio focussing on female artists.
## **FINANCIAL REVIEW**
These accounts cover twelve months from 1 April 2020 to 31 March 2021.
Incoming resources totalled £159,418, of which £131,297 was unrestricted, and £28,121 was restricted. Expenditure was £121,348, with £112,200 spent directly on charitable activities and £9,148 spent on raising funds.
Funds carried forward amount to £57,668 which include £3,897 restricted funds (£2,257 from Arts Council England for the Associate Composer Scheme 1, £640 from The Samuel Gardner Memorial Trust for Associate Composer Scheme 2 and £1,000 from the Great British Sasakawa Foundation for Fieldwave Volume 2).
The remaining £53,771 unrestricted funds include £24,092 of designated funds for activities in 2021/2022, including £10,000 from London Borough of Tower Hamlets for core costs, £5,000 for computer equipment, £5,000 from PRS Open Fund and £4,092 from donations for Associate Composer Scheme 2. The remaining £29,679 are reserves.
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## **Nonclassical Report of the Trustees Continued For the year ended 31 March 2021**
## **Reserves Policy**
Nonclassical aims to hold sufficient reserves to cover three months of core operational expenditure, which amounts to approximately £22,500. At the end of this period, Nonclassical has achieved this and holds reserves equating to four months.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Nonclassical is a Charitable Incorporated Organisation (CIO) governed by its Constitution following incorporation on 18 June 2015.
## **Trustees**
The Charity is governed by a Board of Trustees. As of 31 March 2021, there were seven Trustees. Trustees meet quarterly. In appointing new Trustees, the Board review existing skillsets, identify gaps and recruit accordingly.
## **Executive**
Natalia Franklin Pierce, Executive Director, led the organisation during this period and prepared this Report.
## **Management**
The day-to-day operation of the charity is managed by the four part-time staff, alongside the voluntary Artistic Director and freelance A&R Consultant. This is reviewed by the board regularly to ensure the executive staff commit the time necessary for the smooth running of the charity.
## **Artistic Committee**
The Board of Trustees is advised on all artistic affairs relating to the Charity by an Artistic Committee, which has the following membership alongside key Nonclassical staff (Executive Director, Artistic Director, and Label and Marketing Development Manager) and Nonclassical’s freelance A&R Consultant:
Jessica Cottis (Trustee) Yung-Yee Chen (Trustee) Brian Inglis (Trustee) Tansy Davies (external advisor and Nonclassical artist) Sam Mackay (external advisor)
The Artistic Committee meets at least three times per year, with consultation between meetings. Its aims and principles are set out in the Artistic Committee Terms of Reference.
## **Finance Committee**
The Board of Trustees is advised on all financial affairs relating to the Charity by a Finance Committee which has the following membership:
Michael Noonan (Chair) Nick Rampley (Trustee) Matthew Gill (Trustee)
The Finance Committee is additionally attended by the Executive Director and Finance Manager, and meets quarterly in advance of each full Board meeting.
## **Recruitment and appointment of trustees**
Trustees meet quarterly.
In appointing new Trustees, the Board review existing skillsets, identify gaps and recruit accordingly.
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**Nonclassical Report of the Trustees Continued For the year ended 31 March 2021**
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** Nonclassical **Charity registration number** 1162282 **Principal address** Oxford House Derbyshire Street London E2 6HG
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
## **Independent examiner**
Yung-Yee Chen Brian Inglis John Richards Matthew Gill Michael Noonan (Chair) Nicholas Rampley Jessica Cottis Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW
Approved by the Board of Trustees and signed on its behalf by
Michael Noonan (Chair), 12[th] January 2022
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## **Nonclassical**
## **Independent Examiners Report to the Trustees For the year ended 31 March 2021**
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiners statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content 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 considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
13/01/2022
Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW
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## **Nonclassical Statement of Financial Activities For the year ended 31 March 2021**
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5/6
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
113,455
17,842|**Restricted**
**funds**
**£**
28,121
-|**2021**
**£**
141,576
17,842|**2020**
**£**
69,192
45,306|
|---|---|---|---|---|
||**131,297**|**28,121**|**159,418**|**114,498**|
||(9,148)
(82,740)|-
(29,460)|(9,148)
(112,200)|(6,950)
(106,088)|
||**(91,888)**|**(29,460)**|**(121,348)**|**(113,038)**|
||**39,409**
14,362|**(1,339)**
5,236|**38,070**
19,598|**1,460**
18,138|
||**53,771**|**3,897**|**57,668**|**19,598**|
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## **Nonclassical Statement of Financial Position As at 31 March 2021**
|**Notes**
**Current assets**
Stocks
12
13
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
14
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Restricted income funds
15
Unrestricted income funds
15
**Total funds**|**£**
**2021**
7,066
5,866
50,915|**£**
**2020**
11,000
6,031
11,928|
|---|---|---|
||**63,847**|**28,959**|
||(6,179)
**57,668**|(9,361)
**19,598**|
||**57,668**|**19,598**|
||||
||**57,668**|**19,598**|
||3,897
53,771|5,236
14,362|
||**57,668**|**19,598**|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Michael Noonan (Chair), 12[th] January 2022
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**Nonclassical Notes to the Financial Statements**
## **For the year ended 31 March 2021**
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Nonclassical 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).
## **Going concern**
The accounts have been prepared on a going concern basis and the trustees believe there to be no material uncertainties about the charity's ability to continue as a going concern.
## **Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
## **Incoming resources**
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Expenditure relating to charitable activities includes all the costs relating to the delivery of its activities and services to its beneficiaries.
Support costs are overheads with the allocation of support salary costs and other administration costs.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **Stocks and work in progress**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Stock was valued using the cost of production as the basis.
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Creditors**
Creditors are stated at the amounts considered payable at the balance sheet date.
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## **Nonclassical Notes to the Financial Statements Continued For the year ended 31 March 2021**
## **2. Income from donations and legacies**
|Donations received
Grants received
**Analysis of grants received**
Arts Council England
City Bridge Trust
Hinrichsen Foundation
London Borough of Tower Hamlets
PRS Foundation
The Samuel Gardner Memorial Trust
**ncome from charitable activities**
**Unrestricted funds**
_Events_
Income from charitable activities
_Record label_
Income from charitable activities
**xpenditure on generating donations and legacies**
**Unrestricted funds**
Grants receivable|**Unrestricted**
**funds**
**£**
81,410
32,045|**Restricted**
**funds**
**£**
-
28,121|**2021**
**£**
81,410
60,166|**2020**
**£**
59,190
10,002|
|---|---|---|---|---|
||**113,455**|**28,121**|**141,576**|**69,192**|
||||**2021**
**£**
25,621
13,045
500
15,000
5,000
1,000|**2020**
**£**
5,002
-
1,000
-
2,500
1,500|
||||**60,166**|**10,002**|
||||**2021**
**£**
5,140
12,702|**2020**
**£**
37,610
7,696|
||||**17,842**|**45,306**|
||||**2021**
**£**
9,148|**2020**
**£**
6,950|
||||**9,148**|**6,950**|
## **3. Income from charitable activities**
## **4. Expenditure on generating donations and legacies**
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## **Nonclassical Notes to the Financial Statements Continued For the year ended 31 March 2021**
## **5. Costs of charitable activities by fund type**
|Events
Record label
Support costs|**Unrestricted**
**funds**
**£**
31,977
44,144
6,619|**Restricted**
**funds**
**£**
8,030
13,520
7,910|**2020**
**2021**
**£**
**£**
50,968
40,007
41,591
57,664
13,529
14,529
**106,088**
**112,200**|
|---|---|---|---|
||**82,740**|**29,460**||
## **6. Costs of charitable activities by activity type**
|**Support costs**
Events
Record label|**Activities**
**undertaken**
**directly**
**£**
40,007
57,664|**Support costs**
**£**
5,844
8,685|**2021**
**£**
45,851
66,349|**2020**
**£**
57,730
48,358|
|---|---|---|---|---|
||**97,671**|**14,529**|**112,200**|**106,088**|
## **7. Analysis of support costs**
|Premises
Insurances
Telephone and internet
Printing, postage and
stationary
Advertising and promotion
Travel
Professional development
Conferences and
subscriptions
General office expenses
Office equipment
Governance costs|**Record label**
**Events**
**£**
**£**
2,954
4,431
261
392
383
512
-
-
524
768
46
68
1,021
1,531
-
-
151
229
72
107
432
647
**5,844**
**8,685**|**2021**
**£**
7,385
653
895
-
1,292
114
2,552
-
380
179
1,079|**2020**
**£**
7,878
700
404
4
1,402
34
300
276
1,163
134
1,234|
|---|---|---|---|
|||**14,529**|**13,529**|
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## **Nonclassical Notes to the Financial Statements Continued For the year ended 31 March 2021**
## **8. Net income/(expenditure) for the year**
This is stated after charging/(crediting):
|This is stated after charging/(crediting):|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Accountancy fees|1,079|1,080|
|Staff pension contributions|1,359|1,328|
## **9. Staff costs**
Total staff costs for the year ended 31 March 2021 were:
|Salaries and wages
Social security costs
Pension costs|**2021**
**£**
67,856
1,155
1,359|**2020**
**£**
66,036
2,127
1,327|
|---|---|---|
||**70,370**|**69,490**|
No employee earned more than £60,000 during the year (nil:2020)
|Staff|**2021**
5|**2020**
5|
|---|---|---|
||**5**|**5**|
## **10. Trustee remuneration and related party transactions**
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020:£nil).
No charity trustee received payment for professional or other services supplied to the charity (2020:£nil). The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2020:£nil).
Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £0 (2020:£nil).
There are no related party transactions to disclose for 2021 (2020:none). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
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## **Nonclassical**
## **Notes to the Financial Statements Continued For the year ended 31 March 2021**
## **11. Comparative for the Statement of Financial Activities**
|**Comparative for the Statement of Financial Activities**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
**Total**
**Expenditure on:**
Raising funds
Charitable activities
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**Stocks and work in progress**
Stock
**Debtors**
**Amounts due within one year:**
Trade debtors
Prepayments and accrued income
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Unrestricted**
**funds**
**£**
61,280
45,306|**Restricted**
**funds**
**£**
7,912
-|**2020**
**£**
69,192
45,306|
||**106,586**|**7,912**|**114,498**|
||(6,950)
(90,197)|-
(15,891)|(6,950)
(106,088)|
||**(97,147)**|**(15,891)**|**(113,038)**|
||**9,439**
4,923|**(7,979)**
13,215|**1,460**
18,138|
||**14,362**|**5,236**|**19,598**|
|||**2021**
**£**
7,066|**2020**
**£**
11,000|
|||**7,066**|**11,000**|
|||**2021**
**£**
1,788
4,078|**2020**
**£**
6,031
-|
|||**5,866**|**6,031**|
|||**2021**
**£**
214
2,467
3,498|**2020**
**£**
1,957
6,324
1,080|
|||**6,179**|**9,361**|
## **12. Stocks and work in progress**
## **13. Debtors**
## **14. Creditors: amounts falling due within one year**
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## **Nonclassical Notes to the Financial Statements Continued For the year ended 31 March 2021**
## **15. Movement in funds**
## **Unrestricted Funds**
|_Designated_
Designated Fund
_General_
General
**Unrestricted Funds - Previous year**
_Designated_
_General_
General|**Balance at**
**01/04/2020**
**£**
-
14,362|**Incoming**
**resources**
**£**
24,092
107,205|**Outgoing**
**resources**
**£**
-
(91,888)|**Balance at**
**31/03/2021**
**£**
24,092
29,679|
|---|---|---|---|---|
||**14,362**|**131,297**|**(91,888)**|**53,771**|
||**Balance at**
**01/04/2019**
**£**
4,923|**Incoming**
**resources**
**£**
106,586|**Outgoing**
**resources**
**£**
(97,147)|**Balance at**
**31/03/2020**
**£**
14,362|
||**4,923**|**106,586**|**(97,147)**|**14,362**|
## **Purpose of unrestricted Funds**
## Designated Fund
Designated funds are unrestricted funds which have been set aside by trustees for an essential spend for future purpose.
## General
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other purposes.
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## **Nonclassical**
## **Notes to the Financial Statements Continued For the year ended 31 March 2021**
## **Restricted Funds**
|Arts Council England
Arts Council England
Emergency Fund
Associate Composer
Scheme 1
Associate Composer
Scheme 2
Fieldwave Volume 1
Fieldwave Volume 2
Street Orchestra London
**Restricted Funds - Previous year**
Arts Council England
Samuel Gardner
Memorial Trust
Street Orchestra London
The Hinrichsen
Foundation|**Balance at**
**01/04/2020**
**£**
4,617
-
-
-
-
-
619|**Incoming**
**resources**
**£**
-
24,907
500
1,000
714
1,000
-|**Outgoing**
**resources**
**£**
-
(24,907)
(2,860)
(360)
(714)
-
(619)|**Transfers**
**£**
(4,617)
-
4,617
-
-
-
-|**Balance at**
**31/03/2021**
**£**
-
-
2,257
640
-
1,000
-|
|---|---|---|---|---|---|
||**5,236**|**28,121**|**(29,460)**|**-**|**3,897**|
||**Balance at**
**01/04/2019**
**£**
11,506
1,500
209
-|**Incoming**
**resources**
**£**
5,002
1,500
410
1,000|**Outgoing**
**resources**
**£**
(11,891)
(3,000)
-
(1,000)|**Transfers**
**£**
-
-
-
-|**Balance at**
**31/03/2020**
**£**
4,617
-
619
-|
||**13,215**|**7,912**|**(15,891)**|**-**|**5,236**|
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## **Nonclassical Notes to the Financial Statements Continued**
## **For the year ended 31 March 2021**
## **Purpose of restricted funds**
## Arts Council England
Funding for monthly events, the Associate Composers Scheme 1 and the EP release of Outside the Lines #3.
## PRSF
Funding monthly events and the Associate Composer Scheme.
## Other funding
Funding for monthly events and the EP release of Outside the Lines #2.
Samuel Gardner Memorial Trust
Funding for the Associate Composers Scheme.
Street Orchestra London
Donations for Street Orchestra of London.
## The Hinrichsen Foundation
Funding for the Associate Composers Scheme.
Arts Council England Emergency Fund
Funding core costs, equipment purchases, releases and events during COVID-19.
Associate Composer Scheme 1
Funded by Arts Council England, PRSF, Samuel Gardner Memorial Trust, and The Hinrichsen Foundation. Associate Composer Scheme 2
Funded by Arts Council England, PRSF, Samuel Gardner Memorial Trust, and The Hinrichsen Foundation.
## Fieldwave Volume 1
Label release funded by Arts Council England.
## Fieldwave Volume 2
Label release funded by Great British Sasakawa Foundation.
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## **Nonclassical Notes to the Financial Statements Continued For the year ended 31 March 2021**
## **16. Analysis of net assets between funds**
|**Unrestricted funds**
_General_
General
_Designated_
Designated Fund
**Restricted funds**
Associate Composer
Scheme 1
Associate Composer
Scheme 2
Fieldwave Volume 2
**Previous year**
**Unrestricted funds**
_General_
General
_Designated_
**Restricted funds**
Arts Council England
Street Orchestra London|**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
29,679
29,679
24,092
24,092
2,257
2,257
640
640
1,000
1,000|
|---|---|
||**57,668**
**57,668**|
||**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
14,362
14,362
4,630
4,630
606
606|
||**19,598**
**19,598**|
Michael Noonan (Chair), 12[th] January 2022
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