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2022-03-31-accounts

Charity number: 1162282

Nonclassical

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2022

Nonclassical Contents Page For the year ended 31 March 2022

Report of the Trustees 1 to 8
Independent Examiner's Report to the Trustees 9
Statement of Financial Activities 10
Statement of Financial Position 11
Notes to the Financial Statements 12 to 20

Nonclassical Report of the Trustees

For the year ended 31 March 2022

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2022. 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 genre 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:

Values

Accessible

Collaborative

Discerning

Forward-thinking

Inclusive

Objectives and aims

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:

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Nonclassical Report of the Trustees Continued For the year ended 31 March 2022

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.

2021/22 saw Nonclassical emerge from an unprecedented year previous due to the COVID-19 outbreak. While adjusting to the 'new normal', more opportunities opened up alongside lessons learned during lockdown about our audiences and an increased digital presence as we returned to live activity.

ARTIST DEVELOPMENT

Artist development is at the heart of Nonclassical's work and our Associate Composers Scheme, launched in 2016, is a key programme supporting composers 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 co-commissions, composer-curated 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.

Associate Composer Scheme 2019/20 cohort

The 2019-20 cohort saw delays to live elements of the programme due to covid-19, which resumed in 2021/22:

-Yfat Soul Zisso curated an event in June 2021 at St John's Waterloo featuring an immersive 40' minute commission for four singers and tape alongside a world premiere by Esin Gundez.

-Blasio Kavuma curated an event in October 2021 at Space 289 which merged jungle music with classical featuring two new commissions and performances and DJ sets besides.

-Blasio and Yfat also developed new orchestral commissions for Southbank Sinfonia which premiered at St John's Smith Square in September 2021, with the support of their mentors - Sarah Dacey and Gabriel Prokofiev.

Across the whole 2019/20 programme, we:

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Associate Composer Scheme 2021/22 cohort

We recruited the third cohort of composers via open call (receiving 400+ applicants for 4 places) working with Sound and Music's Fair Access Principles, which included recruiting external panellists for selection (Tansy Davies, Sam Mackay) besides Trustees, staff and alumni of the Scheme to foster an equitable recruitment process. A diverse cohort in terms of gender, ethnicity and musical background were selected as follows:

-Atefeh Einali

-Elischa Kaminer

-Emily Abdy

-Simon Knighton

Each composer began the Scheme with 4 coaching sessions with an external trained coach to set personal goals for the Scheme and chose their desired mentors to include composers Bushra El Turk, Elizabeth Bernholz (aka. Gazelle Twin) and Julian Anderson.

Atefeh, Emily and Simon presented their first commission at CoMA Festival (Contemporary Music for All) in March 2022 where multiple premieres took place across their voluntary ensembles in Manchester, Sheffield and London, with works

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Nonclassical Report of the Trustees Continued For the year ended 31 March 2022

included in their anthology.

Battle of the Bands

Thanks to support from PRS Talent Development Network, Youth Music and PPL, Nonclassical expanded Battle of the Bands to include more developmental opportunities for participating artists and recruitment was re-evaluated to meet Sound & Music's Fair Access guidelines, as such:

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RELEASES

Nonclassical had 7 releases in 2021/22, supporting a total of 30 artists (performers and composers). This included:

These releases garnered 30,000+ streams to date across digital streaming platforms, reaching audiences worldwide alongside our core audience in the UK. After London, our biggest Bandcamp customer-bases are in Berlin, New York, Bristol, Birmingham, Manchester and Edinburgh.

Press highlights include Gramophone, International Arts magazine, BBC Classical Music Magazine, The Telegraph, The Quietus, Japan Times, with plays on New Music Show (BBC) and Unclassified (BBC).

' �������������������������������������������������������������������������������������������������������������������������� �������������������������������������������������������������������������������������������������������������������������� ��������������������������� .' Angela Wai Nok Hui

LIVE EVENTS

Following a year of lockdowns where Nonclassical paused all in-person events, the live programme resumed from June 2021 with rescheduled events, partnership projects and newly-curated programmes. This period saw 14 live performance events with 6 partners across London, Sheffield, Manchester and Glasgow. Nonclassical resumed a presence at 3 label markets in this period.

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Nonclassical Report of the Trustees Continued For the year ended 31 March 2022

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DIGITAL ACTIVITY

Nonclassical continued engaging international audiences and those not ready to return to in-person events with digital activity. We hosted 3 live-streamed events, 3 online premieres of live concert performances and 2 workshops hosted via Zoom.

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Nonclassical also commissioned and premiered 7 music videos to promote new and back-catalogue releases on the label:

- Rolf Wallin + SISU Percussion - SCRATCH

AUDIENCE DEVELOPMENT

Key to Nonclassical's mission is developing new audiences for contemporary music, particularly those who might not typically engage with classical music, through the partners we work with, cross-genre programmes of diverse line-ups and the spaces and sense of belonging create at our events.

During this period there has been continued growth in Nonclassical's digital audiences. Nonclassical's Instagram saw 756% increase in reach and Facebook saw 80% increase in reach, mostly through paid advertising. Nonclassical's YouTube channel saw a 27% increase in subscribers, with 183 new followers.

Digital audiences: Facebook followers: 5526 Instagram followers: 3683 Twitter followers: 9549 YouTube subscribers: 879 Mailchimp subscribers: 5556

According to Meta estimated demographics, approximately 50% of Nonclassical's digital audience are women or non-binary

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Nonclassical

Report of the Trustees Continued For the year ended 31 March 2022

and around 50% are UK-based, demonstrating our strong international following.

This year saw 971 attendees in person across 7 live events and over 150 attending online activities. Post-event audience surveys showed:

Nonclassical's partnership with Barbican saw 23% of in-person ticket holders registered through Young Barbican or Student Pulse - a notably higher proportion than Barbican would typically expect for classical music audiences.

FINANCIAL REVIEW

These accounts cover twelve months from 1 April 2021 to 31 March 2022.

Incoming resources totalled £184,473 of which £123,117 was unrestricted, and £61,356 was restricted. Expenditure was £165,799 with £160,381 spent directly on charitable activities and £5,418 spent on raising funds.

Funds brought forward amount to £76,592 which include £1,236 restricted funds which are individual donations for the Associate Composers' Scheme (£640) and funds for DWP Kickstarter Scheme. The remaining £75,356 unrestricted funds include £38,557 of fees designated for commissions in 2022/23.

The Board are pleased that the turnover for 2021/2022 has increased from 2020/2021 considering the pandemic. This is largely due to two rounds of Culture Recovery Funds from Arts Council England.

Reserves Policy

Nonclassical aims to hold sufficient reserves to cover three months of operational expenditure, which amounts to approximately £40,000 unrestricted and undesignated funds. At the end of this period, Nonclassical is 92% towards this goal. In the context of Nonclassical's artistic and financial plans, the Board have confidence that the next period will see the charity continue to build on this target, while acknowledging the operational challenges of doing so in the current economic and fundraising climate.

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Nonclassical Report of the Trustees Continued For the year ended 31 March 2022

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. Trustees meet quarterly. As of 31 March 2022, there were nine Trustees.

The Trustees represent a broad range of skills and expertise in music (conductor, composer, performers), finance, consultancy, marketing, music education/leadership, fundraising, journalism and entrepreneurism. In appointing new Trustees, the Board review existing skill sets, identify gaps (currently in law, labels and data-analysis) and openly recruit accordingly, advertising widely to appoint for fixed terms to ensure regular refreshment of membership. Current trustees represent mixed lived experience and protected characteristics between them:

66% identify as LGBTQIA+ 44% self-identify as working-class 26% neurodivergent 22% D/deaf or disabled 22% minority ethnic 13% assigned a different gender at birth.

We strive for the overall board and staff to represent a 50:50 gender split, with at least 30-40% ethnically diverse. In July 2021, we launched a board recruitment campaign for up to three new Trustees which saw a high proportion of diverse applicants 44 (68.2% under 35, 25.9% D/deaf or disabled and 27.9% non-white), thanks to support from Black Lives in Music, Action for Trustee Racial Diversity and Belonging Pioneers. We appointed one new Trustee through this process.

With a minimum of four meetings per year, the board delegates powers to sub-committees to bring in additional expertise and capacity from outside as necessary. These include Finance, Artistic, Fundraising, Label and Diversity and Inclusion of which the membership is outlined below.

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):

Jessica Cottis (Trustee) Yung-Yee Chen (Trustee) Brian Inglis (Trustee) Tansy Davies (external advisor and Nonclassical artist) - stepped down April 2022 Sam Mackay (external advisor) Clifton Harrison (Trustee) - joined May 2022

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) - resigned 15th March 2022 Aileen Douthwaite - joined September 2022

The Finance Committee is additionally attended by the Executive Director and Finance Manager, and meets quarterly in advance of each full Board meeting.

Fundraising Committee

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Nonclassical Report of the Trustees Continued For the year ended 31 March 2022

Michael Noonan (Chair) Frances High (donor) Aileen Douthwaite (Trustee) Nick Rampley (Trustee) Yung-Yee Chen (Trustee) - stepped down April 2022.

Label Committee

Gabriel Prokofiev (Artistic Director) Veronica Romani (Volunteer)

Diversity and Inclusion Committee:

Aileen Douthwaite (Trustee) Clifton Harrison (Trustee) Yung-Yee Chen (Trustee)

Executive

Natalia Franklin Pierce, Executive Director, led the organisation during this period.

Management

The day-to-day operation of the charity is managed by the four part-time staff, alongside the voluntary Artistic Director. Staffing is reviewed by the board regularly to ensure the executive staff commit the time necessary for the smooth running of the charity.

The contract with our A&R consultant was terminated at the end of December 2021 since the arrangement no longer suited Nonclassical's needs, with A&R being brought in-house.

During this period, Nonclassical secured funding from Department for Work and Pensions via DiVA Apprenticeships to host two 6-month paid interns through the Kickstart Scheme for unemployed people 18-25 year olds. This increased staff capacity, brought in youth voices and helped train the next generation of arts leaders. Both candidates went on to receive work following our 6 month placements at Sony and the London Symphony Orchestra.

Risk

The board has a process for identifying, prioritising, escalating and managing risks and, where applicable, the charity's system of internal controls to manage these risks. The board reviews the effectiveness of the charity's approach to risk annually in line with regulatory requirements.

Legal counsel

Since a legal Trustee stepped down from the board, the Trustees voted in favour of appointing Simon Anderson as our pro bono legal counsel as of 9 September 2022.

Recruitment and appointment of trustees

Trustees meet quarterly.

In appointing new Trustees, the Board review existing skillsets, identify gaps and recruit accordingly.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Nonclassical Charity registration number 1162282 Principal address Oxford House Derbyshire Street London E2 6HG

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Nonclassical Report of the Trustees Continued For the year ended 31 March 2022

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 (Resigned: 15 March 2022) Michael Noonan (Chair) Nicholas Rampley Jessica Cottis Clifton Harrison Rune Bech (Appointed: 07 September 2021) Aileen Douthwaite (Appointed: 07 September 2021) 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

............................................................................. 15 December 2022 Michael Noonan (Chair)

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Nonclassical Independent Examiners Report to the Trustees For the year ended 31 March 2022

I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2022.

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.

Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW

16 December 2022

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Nonclassical

Statement of Financial Activities For the year ended 31 March 2022

Notes Unrestricted Restricted 2022 2021
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 94,425 61,356 155,781 141,576
Charitable activities 3 28,692 - 28,692 17,842
Total 123,117 61,356 184,473 159,418
Expenditure on:
Raising funds 4 (5,418) - (5,418) (9,148)
Charitable activities 5/6 (96,364) (64,017) (160,381) (111,950)
Total (101,782) (64,017) (165,799) (121,098)
Net income/expenditure 21,335 (2,661) 18,674 38,320
Reconciliation of funds
Total funds brought forward 54,021 3,897 57,918 19,598
Total funds carried forward 75,356 1,236 76,592 57,918

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Nonclassical Statement of Financial Position As at 31 March 2022

Notes
Fixed assets
Tangible assets
12
Current assets
Stocks
13
14
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
16
Unrestricted income funds
16
Total funds		 £
2022
4,223
4,223
5,808
24,614
65,509
95,931
(23,562)
72,369
76,592
76,592
1,236
75,356
76,592		 £
2021
-
-
7,066
5,866
50,915
63,847
(5,929)
57,918
57,918
57,918
3,897
54,021
57,918

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Michael Noonan (Chair) Trustee

15 December 2022

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Nonclassical Notes to the Financial Statements For the year ended 31 March 2022

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.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

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 2022

2. Income from donations and legacies

Donations received
Grants received
Analysis of grants received
Arts Council England
City Bridge Trust
Hinrichsen Foundation
Kickstart
London Borough of Tower Hamlets
Margaret Engering Estate
PRS Foundation
The Samuel Gardner 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		 Restricted
funds
Unrestricted
funds
£
£
-
75,925
61,356
18,500
61,356
94,425		 2022
£
75,925
79,856
155,781
2022
£
51,420
-
500
9,436
-
7,500
11,000
-
79,856
2022
£
13,909
14,783
28,692
2022
£
5,418
5,418		 2021
£
81,410
60,166
141,576
2021
£
25,621
13,045
500
-
15,000
-
5,000
1,000
60,166
2021
£
5,140
12,702
17,842
2021
£
9,148
9,148

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 2022

5. Costs of charitable activities by fund type

Unrestricted Restricted 2022 2021
funds funds
£ £ £ £
Events 46,101 26,326 72,427 39,757
Record label 37,633 30,778 68,411 57,664
Support costs 12,630 6,913 19,543 14,529
96,364 64,017 160,381 111,950

6. Costs of charitable activities by activity type

Activities Support 2022 2021
undertaken costs
directly
£ £ £ £
Support costs
Events 72,427 7,761 80,188 45,601
Record label 68,411 11,782 80,193 66,349
140,838 19,543 160,381 111,950

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
£
£
3,150
4,727
224
336
249
373
42
63
724
1,085
616
925
425
637
292
108
886
1,798
655
982
498
748
7,761
11,782		 2022
£
7,877
560
622
105
1,809
1,541
1,062
400
2,684
1,637
1,246
19,543		 2021
£
7,385
653
895
-
1,292
114
2,552
-
380
179
1,079
14,529

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Nonclassical

Notes to the Financial Statements Continued

For the year ended 31 March 2022

8. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2022 2021
£ £
Depreciation of owned fixed assets 2,111 -
Accountancy fees 1,200 1,079
Staff pension contributions 1,731 1,359

9. Staff costs

Total staff costs for the year ended 31 March 2022 were:

Salaries and wages
Social security costs
Pension costs		 2022
£
82,954
1,985
1,731
86,670		 2021
£
67,856
1,155
1,359
70,370

No employee earned more than £60,000 during the year (nil:2021)

Staff 2022
4
4		 2021
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 (2021:£nil).

No charity trustee received payment for professional or other services supplied to the charity (2021:£nil). The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2021:£nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £46 (2021:£nil).

There are no related party transactions to disclose for 2022 (2021: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 2022

11. 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		 Unrestricted
funds
£
113,455
17,842
131,297
(9,148)
(82,490)
(91,638)
39,659
14,362
54,021		 Restricted
funds
£
28,121
-
28,121
-
(29,460)
(29,460)
(1,339)
5,236
3,897		 2021
£
141,576
17,842
159,418
(9,148)
(111,950)
(121,098)
38,320
19,598
57,918

12. Tangible fixed assets

Cost or valuation
Additions
At 31 March 2022
Depreciation
Charge for year
At 31 March 2022
Net book values
At 31 March 2022		 Computer
equipment
£
6,334
6,334
2,111
2,111
4,223

13. Stocks and work in progress

Stocks of raw materials 2022
£
5,808
5,808		 2021
£
7,066
7,066

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Nonclassical

Notes to the Financial Statements Continued For the year ended 31 March 2022

14. Debtors

Debtors
2022 2021
£ £
Amounts due within one year:
Trade debtors 18,101 1,788
Prepayments and accrued income 6,085 4,078
Other debtors 428 -
24,614 5,866
Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 2,202 -
Other creditors 6,214 2,431
Accruals and deferred income 15,146 3,498
23,562 5,929

15. Creditors: amounts falling due within one year

16. Movement in funds

Unrestricted Funds

Designated
Designated Fund
General
General
Unrestricted Funds - Previous year
Designated
Designated Fund
General
General		 Balance at
01/04/2021
£
24,092
29,929
54,021
Balance at
01/04/2020
£
-
14,362
14,362		 Incoming
resources
£
-
123,117
123,117
Incoming
resources
£
24,092
107,205
131,297		 Outgoing
resources
£
-
(101,782)
(101,782)
Outgoing
resources
£
-
(91,638)
(91,638)		 Transfers
£
14,465
(14,465)
-
Transfers
£
-
-
-		 Balance at
31/03/2022
£
38,557
36,799
75,356
Balance at
31/03/2021
£
24,092
29,929
54,021

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Nonclassical Notes to the Financial Statements Continued For the year ended 31 March 2022

Purpose of unrestricted Funds

Designated Fund

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.

Restricted Funds

Balance at Incoming Outgoing Transfers Balance at
01/04/2021 resources resources 31/03/2022
£ £ £ £ £
DWP Kickstarter - 9,436 (8,840) - 596
Arts Council England - 51,420 (51,420) - -
Associate Composer 2,257 500 (2,757) - -
Scheme 1
Associate Composer 640 - - - 640
Scheme 2
Fieldwave Volume 2 1,000 - (1,000) - -
3,897 61,356 (64,017) - 1,236
Restricted Funds - Previous year
Balance at Incoming Outgoing Transfers Balance at
01/04/2020 resources resources 31/03/2021
£ £ £ £ £
Arts Council England 4,617 - - (4,617) -
Arts Council England - 24,907 (24,907) - -
Emergency Fund
Associate Composer - 500 (2,860) 4,617 2,257
Scheme 1
Associate Composer - 1,000 (360) - 640
Scheme 2
Fieldwave Volume 1 - 714 (714) - -
Fieldwave Volume 2 - 1,000 - - 1,000
Street Orchestra 619 - (619) - -
London
5,236 28,121 (29,460) - 3,897

18 of 20

Nonclassical Notes to the Financial Statements Continued For the year ended 31 March 2022

Purpose of restricted funds

Arts Council England

Support with Staff costs & overheads, equipment purchase & programme delivery. Street Orchestra London Donations for Street Orchestra of London. Arts Council England Emergency Fund Support with emergency costs, overheads and activity costs. Associate Composer Scheme 1 Funding for Associate Compers Scheme. Associate Composer Scheme 2 Funding for Associate Compers Scheme. Fieldwave Volume 1 Funding to support release of field recordings release.

Fieldwave Volume 2 Funding to support release of field recordings release. DWP Kickstarter

Funding from DWP Kickstarter.

17. Analysis of net assets between funds

Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 4,223 32,576 36,799
Designated
Designated Fund - 38,557 38,557
Restricted funds
DWP Kickstarter - 596 596
Associate Composer - 640 640
Scheme 2
4,223 72,369 76,592

19 of 20

Nonclassical

Notes to the Financial Statements Continued For the year ended 31 March 2022

Previous year

Previous year
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General - 29,929 29,929
Designated
Designated Fund - 24,092 24,092
Restricted funds
Associate Composer - 2,257 2,257
Scheme 1
Associate Composer - 640 640
Scheme 2
Fieldwave Volume 2 - 1,000 1,000
- 57,918 57,918

20 of 20