## 



## 

## 

## 

## 

||||||Page|
|---|---|---|---|---|---|
|Trustees'<br>annual<br>report (incorporating||the|director's|report)||
|Independent<br>examiner's<br>report to the||trustees||||
|Statement<br>offinancial activities|(including||income and|||
|expenditure<br>account)||||||
|Statement<br>offinancial<br>position||||||
|Notes to the financial statements|||||10|





## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

|31 May 2021|||||
|---|---|---|---|---|
||||2021|2020|
|||Note|||
|Current assets|||||
|Debtors||14|23,121|71,049|
|Cash at bank and in hand|||58,918|12,340|
||||82,039|83,389|
|Creditors: amounts|falling due within one year|15|24,014|9,958|
|Net current assets|||58,025|73,431|
|Total assets less current liabilities|||58,025|73,431|
|Net assets|||58,025|73,431|
|Funds ofthe charity<br>Unrestricted<br>funds|||58,025|73,431|
|Total charity funds||17|58,025|73,431|





## 

## 

## 

## 

||||||2021|2021|2020|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
|||||Note|funds|Total funds<br>R|Total funds<br>f|
|Income and endowments||||||||
|Donations<br>and legacies||||5|112,700|112,700|250,000|
|Charitable<br>activities||||6|||1,620|
|Investment<br>income||||7|265|265|13|
|Total Income|||||112,965|112,965|251,633|
|Expenditure||||||||
|Expenditure<br>on charitable||activities||8,9|128,371|128,371|263,567|
|Total expenditure|||||128,371|128,371|263,567|
|Net expenditure<br>and net||movement|In funds||(15,406)|(15,406)|(11,934)|
|Reconciliation<br>offunds||||||||
|Total funds brought|forward||||73,431|73,431|85,365|
|Total funds carried|forward||||58,025|58,025|73,431|





## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|2021|Funds|2020|
||||||||f.|||
|Donations||||||||||
|Donations||||||112,700|112,700|250,000|250,000|
|Charitable||activities||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
||||||||K||E|
|Sale ofgoods/services||||as part ofdirect||||||
|charitable|activities|||||||1,620|1,620|
|Investment||Income||||||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2021|Funds|2020|
|Other interest|||receivable|||265|265|13|13|
|Expenditure|||on charitable||activities|by fund type||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds<br>f|2021<br>f.|Funds|2020|
|Classical musical scholarships||||||121,948|121,948|119,589|119,589|
|Awards for||other music||genres||||138,500|138,500|
|Support costs||||||6,423|6,423|5,478|5,478|
|||||||128,371|128,371|263,567|263,567|





## 

## 

## 

## 

## 

|9.|Expendit|ure|on charitabl|e<br>acti|vities by activity typ|e|||
|---|---|---|---|---|---|---|---|---|
||||||Activities||||
||||||undertaken||Total funds|Total fund|
||||||directly|Support costs|2021|2020|
|||||||F|F.|F|
||Classical musical scholarships||||121,948|2,164|124,112|121,378|
||Awards|for other music genres||||||138,500|
||Governance||costs|||4,259|4,259|3,689|
||||||121,948|6,423|128,371|263,567|
|10.|Analysis|of|support costs||||||
|||||||Musical|||
|||||||scholarships|Total 2021|Total 2020|
|||||||F||F|
||Human|resources||||1,056|1,056|936|
||Insurance|||||1,108|1,108|853|
|||||||2,164|2,164|1,789|
|11~|Independent||examination|fees|||||
||||||||2021|2020|
||||||||R|F.|
||Fees payable||to the independent||examiner for:||||
||Independent||examination|ofthe|financial statements||1,350|1,350|



## 

|Staffcosts|Staffcosts|||||||
|---|---|---|---|---|---|---|---|
|The total staff costs||and|employee||benefits for the reporting<br>period are analysed as follows:|||
|||||||2021|2020|
|||||||E|F|
|Wages and salaries||||||18,101|17,888|
|Employer contributions|||to pension||plans|600|600|
|||||||18,701|18,488|
|The average<br>head||count of employees||||during the year was 1 (2020: 1).The average|number<br>of|
|full-time|equivalent|employees||during the year is analysed as follows:||||
|||||||2021|2020|
|||||||No.|No.|
|Number|ofstaff - Administrative|||||1|1|





## 

## 

## 

## 

## 

## 

|received<br>by th<br> Debtors|e trustees.|||
|---|---|---|---|
|||2021|2020|
|Prepayments|and accrued income|609|6,037|
|Other debtors||22,512|65,012|
|||23,121|71,049|



## 

|Creditors: amounts<br>falling due within one year|||
|---|---|---|
||2021|2020|
|||F|
|Trade creditors||2,160|
|Accruals and deferred income|16,682|3,450|
|Social security and other taxes|743|96|
|Other creditors|6,589|4,252|
||24,014|9,958|



## 

## 

## 

||||At||||At|
|---|---|---|---|---|---|---|---|
|||1|June 2020<br>f|Income|Expenditure|31 May 2021||
|General|funds||73,431|112,865|(128,371)||58,025|
||||At||||At|
|||1|June 2019|Income<br>f|Expenditure|31 May 2020<br>F||
|General|funds||85,365|251,633|(263,567)||73,431|





## 

## 

## 

## 

## 

|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2021|
|||F|R|
|Current assets||82,039|82,039|
|Creditors less than|1 year|(24,014)|(24,014)|
|Net assets||58,025|58,025|
|||Unrestricted|Total Funds|
|||Funds|2020<br>f|
|Current assets||83,389|83,389|
|Creditors less than|1 year|(9,958)|(9,958)|
|Net assets||73,431|73,431|



##