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|||Page|
|---|---|---|
|Trustees and advisors|||
|Report ofthe Trustees||2 —11|
|Auditors
Report||12-16|
|Statement offinancial|activities|17|
|Statement offinancial|position|18|
|Cash flow statement||19|
|Notes to the financial|statements|20 —29|
##
|Trustees||Giles Gibbons (Chair)||||
|---|---|---|---|---|---|
|||Clarence Adoo MBE||||
|||Rylan Gleave (appointed||1|May 2022)|
|||Mark Cosgrove (resigned from board 13Sept 2022)||||
|||Dr Kate Marsh (appointed|||1May 2022)|
|||Jane Jones (resigned from|||board 11Sept 2023)|
|||Louise Mitchell||||
|||Kevin Satizabal (joined||1May 2022)||
|||Anna Starkey (resigned||from board 13Sept 2022)||
|Company
number||07874922||||
|Registered
charity number||1163725||||
|Registered offic||Second Floor, The Station||||
|||Silver Street||||
|||Bristol, BS12AG||||
|Auditors||Westcotts (SW) LLP||||
|||80 Oxford Street||||
|||Burnham
on Sea||||
|||Somerset, TAB 1EF||||
|Executive Team:||||||
|Chief Executive:||Jonathan
Harper||||
|Artistic Director:||Charles
Hazlewood||||
|Programming
Director (Deputy CEO):||Hannah
Williams Walton||||
|Head of Communications:||Laura Evans||||
|Funding
and Transformation|Consultant:|Lauren Schoiey*||||
|Management
staff:||||||
|Associate Music Director:||Lloyd Coleman||||
|Senior Producer (Projects):||Luke Macpherson||||
|Senior Producer (Artist Development):||Helen Edwards||||
|General
Manager:||Esther Poole||||
|Marketing
Manager:||Ben Horton||||
|Support services:||||||
|Finance
Ik Accounting:||FD Works||||
|HR Support:||Narrow
Quay|HR|||
|ITSupport:||GoTo IT||||
|~denotes Freelance staff member||||||
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||||Notes|Unrestricted|Restricted|2023|2022|
|---|---|---|---|---|---|---|---|
|||||funds|funds|Total funds|Total funds|
||||||||Restated|
|Income from:||||||||
|Charitable|activities|||274,119||274,119|248,701|
|Trusts and|Foundations|||181,726|73,786|255,512|293,000|
|Donations
and||legacies||98||98|2,510|
|Orchestra tax||relief||294,471||294,471|64,480|
|Grants||||253,582||253,582|367,182|
|Other||||15,259||15,259|15,282|
|Total||||1,019,255|73,786|1,093,041|991,155|
|Expenditure|on:|||||||
|Charitable|activities|||469,977|73,786|543,763|490,080|
|Other||||539,453||539,453|446,279|
|Total||||1,009,430|73,786|1,083,216|936,359|
|Net movement||In funds||9,825||9,825|54,796|
|Total funds|brought forward|||191,185|22,917|214,102|159,306|
|Total funds|carried forward|||201,010|22,917|223,927|214,102|
##
||||Notes|2023|2022|
|---|---|---|---|---|---|
|Fixed assets:||||||
|Tangible assets||||6,097|4,533|
|Current assets:||||||
|Debtors||||225,817|57,361|
|Cash at bank and in|hand|||156,796|378,203|
|||||382,613|435,564|
|Liabilities:||||||
|Creditors;
amounts|falling|due||||
|within one year||||(164,783)|(225,995)|
|Net current assets||||217,830|209,569|
|Total net assets||||223,927|214,102|
|The funds ofthe charity:||||||
|Restricted funds||||22,917|22,917|
|Unrestricted
funds||||201,010|191,185|
|Total charity funds|||10,11|223,927|214,102|
##
|||||||2022|
|---|---|---|---|---|---|---|
||||||2023|Restated|
|Cash flows from operating|activities||||f|f|
|Net income|||||9,825|54,796|
|Depreciation|||||2,563|2,255|
|Change
in trade and other|debtors|||(168,456)||62,150|
|Change
in trade and other|creditors|||(61,212)||(140,774)|
|Net cash flow generated
from operating|||activities|(217,280)||(21,573)|
|Cash flows from investing|activities||||||
|Purchase oftangible fixed|assets||||(4,127)|(388)|
|Change
in cash and cash equivalents||in|the year|(221,407)||(21,961)|
|Cash at bank and In hand|at beginning|ofthe year||378,203||400,164|
|Cash at bank and in hand|at end ofthe||year|156,796||378,203|
|Analysis ofchanges
In net|funds||||||
||||Balance|||Balance|
||1April2022|||Cash flows|31March 2023||
|Cash at bank and in hand|||378 203|221407||156796|
||||Balance|||Balance|
||1April 2021|||Cash flows|31March 202||
|Cash at bank and in hand|||400 164|(21961)||378 203|
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|||Unrestricted|Restricted|2023|
|---|---|---|---|---|
|Musician
and performer|fees|102,135|73,786|175,921|
|Technicians
and support|fees|101,909||101,909|
|Equipment
hire||45,035||45,035|
|Travel and subsistence|costs|121,427||121,427|
|Other direct costs||79,742||79,742|
|Musicians
Support fund||19,729||19,729|
|Cancellation
costs|||||
|||469,977|73,786|543,763|
|||Unrestricted|Restricted|2022
Restated|
|Musician
and performer|fees|183,290|50,954|233,344|
|Technicians
and support|fees|57,975||57,706|
|Equipment
hire||24,236||24,236|
|Travel and subsistence|costs|72,356||72,356|
|Other direct costs||61,030|37,946|98,976|
|Musicians
Support fund|||||
|Cancellation
costs||3,462||3,462|
|||402,080|88,000|490,080|
##
##
|||Unrestricted|Restricted|2023|
|---|---|---|---|---|
|||||E|
|Printing,
postage and stationery||2,924||2,924|
|Rent||12,189||12,189|
|Insurance||2,002||2,002|
|ITcosts||6,651||6,651|
|Travel and subsistence||19,201||19,201|
|Bank charges||484|||
|Sundry expenses||346||346|
|Subscriptions||1,376||1,376|
|Depreciation||2,563||2,563|
|Governance|costs (note 4)|23,563||23,563|
|Management|Ik staffing (note 5)|457,011||457,011|
|Marketing,
digital and PR||11,143||11,143|
|||539,453||539,453|
|||Unrestricted|Restricted|2022
Restated|
|||||f|
|Printing,
postage and stationery||559||559|
|Rent||10,975||10,975|
|Insurance||1,880||1,880|
|ITcosts||12,471||12,471|
|Travel and subsistence||6,233||6,233|
|Bank charges||821||821|
|Sundry expenses||831||346|
|Subscriptions||1,752||1,376|
|Depreciation||2,555||2,563|
|Governance|costs (note 4)|25,530||25,530|
|Management|Ik staffing (note 5)|361,630||361,630|
|Marketing,
digital and PR||21,342||21,3342|
|||446,279||446,279|
##
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|||2023|2022|
|---|---|---|---|
|Audit fees||5,700||
|Accountancy|||4,904|
|Bookkeeping||9,396|7,900|
|Independent|examination||1,555|
|Legal and professional||8,467|11,571|
|||23,563|25,530|
##
|The aggregate|payroll costs were as follows:|2023|2022|
|---|---|---|---|
|Wages and salaries||394,879|322,607|
|Social security|costs|33,931|24,465|
|Pensions||21,326|10,598|
|Other staff costs||6,875|3,960|
|||457,011|361,630|
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|||Office and IT|
|---|---|---|
|||equipment|
|||f|
|Cost|||
|At 1April 2022||15,411|
|Additions||4,127|
|At 31March 2023||19,538|
|Depreciation|||
|At 1April 20212||10,878|
|Charge for the year||2,563|
|At 31March 2023||13,441|
|Net book value|||
|As at31March 2023||6,097|
|As at 31March 2022||4,533|
|Debtors|||
||2023|2022|
|Trade debtors|12,528||
|Other debtors|13,289|27,028|
|VAT||5,333|
|Orchestra tax relief|200,000|25,000|
||225,817|57,361|
##
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|||2023|2022|
|---|---|---|---|
|Trade creditors||8,324|41,681|
|Other creditors||46,990|167,628|
|Accruals and deferred|income|94,838|10,280|
|VAT||2,748|6,406|
|Payroll||11,883||
|||164,783|225,995|
##
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|||||||Balance|
|---|---|---|---|---|---|---|
|||Balance||||31March|
|||1April 2022|Income|Expenditure|Transfers|2023|
|||f|E|E||f|
|Unrestricted|funds|191,185|1,019,255|(1,009,430)||201,010|
|Restricted funds||22,917|73,786|(73,786)||22,917|
|||214,102|1,093,041|(1,083,216)||223,927|
|||||||Balance|
|||Balance||||31March|
|||1April 2021
f|Income
f|Expenditure
E|Transfers|2022
f|
|Unrestricted|funds|136,389|903,155|848,359||191,185|
|Restricted funds||22,917|88,000|88,000||22,917|
|||159,306|991,155|936,359||214,102|
##
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|alysis ofnet assets between
funds||||
|---|---|---|---|
||Unrestricted|Restricted|2023|
||funds|funds|Total|
|Fixed assets|6,097||6,097|
|Debtors|225,817||225,817|
|Cash at bank and in hand|133,879|22,917|156,796|
|Creditors|(164,783)||(164,783)|
||201,010|22,917|223,927|
||Unrestricted|Restricted|2022|
||funds|funds|Total|
|Fixed assets|4,533||4,533|
|Debtors|57,361||57,361|
|Cash at bank and in hand|355,286|22,917|378,203|
|Creditors|(225,995)||(225,995)|
||191,185|22,917|214,102|
##
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||||||2023|2022|
|---|---|---|---|---|---|---|
|Within one year|||||10,854|10,656|
|Between two and five||years|||||
||||||10,854|10,656|
|Comparative|statement|offinancial|activities||||
||||Unrestricted|Restricted|2022||
||||funds|funds|Total funds||
||||||Restated||
||||||f||
|Income from:|||||||
|Charitable|activities||248,701||248,701||
|Trusts and|Foundations||205,000|88,000|293,000||
|Donations
and legacies|||2,510||2,510||
|Orchestra tax relief|||64,480||64,480||
|Grants|||367,182||367,182||
|Other|||15,282||15,282||
|Total|||903,155|88,000|991,155||
|Expenditure|on:||||||
|Charitable
activities|||402,080|88,000|490,080||
|Other|||446,279||446,279||
|Total|||848,359|88,000|936,359||
|Total funds|brought forward||136,389|22,917|159,306||
|Total funds|carried forward||191,185|22,917|214,102||
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