| Total Funds | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Year Ended | Year Ended 6 | |||||
| Funds | Funds | 6 April 2023 | April 2022 | |||||
| Further Details | E | E | E | |||||
| Income from: | ||||||||
| Donations and |
legacies | (3) | 1,750 | 1,750 | 10 | |||
| Chantable Activities |
(4) | 3,275 | 27,382 | 30,657 | 14,737 | |||
| Other Trading | Activities | (5) | 2,934 | 2,934 | 3,110 | |||
| Total | 7,959 | 27,382 | 35,341 | 17,857 | ||||
| Expenditure on: |
||||||||
| Raising Funds |
(6) | 514 | 514 | 614 | ||||
| Charitable Activities |
(6) | 2,945 | 1,200 | 4,145 | 17,177 | |||
| Other | (6) | |||||||
| Total | 3,459 | 1,200 | 4,659 | 17,791 | ||||
| Net income/(expenditure) | 4,500 | 26,182 | 30,682 | 66 | ||||
| Transfers between |
funds | (15) | ||||||
| Net movement | in | funds | 4,500 | 26,182 | 30,682 | 66 | ||
| Reconciliation | of | funds | ||||||
| Total funds brought | forward | (15) | 238 | 1,194 | 1,432 | 1,366 | ||
| Total funds carried | forward | (15) | 4,738 | 27,376 | 32,114 | 1,432 |
| Year Ended 5 | Year Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| April 2023 | 5 April 2022 | ||||||||
| E. | |||||||||
| Net movement in funds |
30,682 | 66 | |||||||
| Deduct investment | income | ||||||||
| Add back depreciation | |||||||||
| Decrease/(increase) | in stocks | (214) | 9 | ||||||
| Decrease/(increase) | in debtors | (202) | (1) | ||||||
| Increase/(decrease) | in creditors | 74 | (672) | ||||||
| Net cash used in operating | activities | 30,340 | (598) | ||||||
| Cash flows from | investment | activities: | |||||||
| Interest | |||||||||
| Purchase of fixed assets |
|||||||||
| Net cash provided | by investing | activities | |||||||
| Increase/(decrease) | in cash | and | cash equivalents | during | the year | 30,340 | (598) | ||
| Cash and cash equivalents | brought | forward | 642 | 1,240 | |||||
| Cash and cash equivalents | carried forward | 30,982 | 642 |
| 1.Accounting policies |
||||||
|---|---|---|---|---|---|---|
| (a) Basis of preparation and assessment ofgoing concern |
||||||
| The accounts (financial statements) have been prepared under the historicalcost convention with items |
recognised | at | ||||
| cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial |
statements | |||||
| have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities |
||||||
| preparing their accounts in accordance with the Financial Reporting Standard applicable |
in the UK and | Republic of | ||||
| Ireland (FRS102) and the Financial Reporting Standard applicable in the United Kingdom |
and | |||||
| Republic of Ireland (FRS102) and the Charities Act 2011. |
||||||
| The charity constitutes a public benefit entity as defined by FRS 102. |
||||||
| The trustees consider that there are no material uncertainties about the charity's ability |
to continue | as | a | going concern. | ||
| (b) Funds structure | ||||||
| Restricted funds are funds which are to be used in accordance with specific restrictions trust deed. There are 2 restricted funds. ' |
imposed by |
the | donor or | |||
| Unrestricted income funds comprise those funds which the trustees are free to use for any purpose |
in | furtherance of |
||||
| the charitable objects. Unrestricted funds include designated funds where the trustees, |
at their discretion, have |
|||||
| created a fund for a specific purpose. | ||||||
| Further details of each fund are disclosed in note 1S. |
||||||
| (c) Income recognition | ||||||
| All income is recognised once the chanty has entitlement to the income, it is probable that the income |
will be | |||||
| received and the amount of income receivable can be measured reliably. |
||||||
| Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In |
the | |||||
| event that a donation is subject to conditions that require a level of performance before |
the charity | is | entitled to the | |||
| funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment ofthose |
||||||
| conditions is wholly within the control ofthe charity and it is probable that those conditions will be |
fulfilled in the |
|||||
| reporting period. |
||||||
| Interest on funds held on deposit is included when receivable and the amount can be measured reliably |
by the charity; | |||||
| this is normally upon notification ofthe interest paid or payable by the bank. Dividends |
are recognised | once the | ||||
| dividend has been declared and notification has been received ofthe dividend due. |
||||||
| (d) Expenditure Recognition |
||||||
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing |
the charity | to | ||||
| that expenditure, it is probable that settlement will be required and the amount ofthe obligation can |
be | measured | ||||
| reliably. | ||||||
| All expenditure is accounted for on an aci;ruals basis. All expenses including support costs and governance |
costs are | |||||
| allocated or apportioned to the applicable expenditure headings. For more information |
on this attribution | refer to note | ||||
| (f) below. | ||||||
| (e) Irrecoverable VAT |
||||||
| Irrecoverable VAT is charged against the expenditure heading for which it was incurred. |
||||||
| (f) Allocation of support and governance costs |
||||||
| Support costs have been allocated between governance costs and other support costs. Governance |
costs | comprise | all | |||
| costs involving the public accountability ofthe charity and its compliance with regulation |
and good | practice. These | ||||
| costs include costs related to independent examination ad legal fees together with an apportionment |
of | overhead | ||||
| and support costs. | ||||||
| Governance costs and support costs relating to charitable activities have been apportioned based on type ofexpense. |
||||||
| The allocation of support and governance costs is analysed in note 8. |
| 3.Donati | o | ns | and |
Legac | ie | s | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||||
| Year Ended | 5 | Year Ended 5 | Year Ended | 6 | Year Ended | ||||||||
| April 2023 | April 2023 | April 2023 | 6 April | 2022 | |||||||||
| E | E | E | E | ||||||||||
| Donations | 1,750 | 1,750 | 10 | ||||||||||
| 1,750 | 1,750 | 10 | |||||||||||
| Previous | reporting | period | |||||||||||
| Unrestricted | Restricted | Total Funds | |||||||||||
| Year Ended | 5 | Year Ended 5 | Year Ended | 6 | |||||||||
| April 2022 | April 2022 | April 2022 | |||||||||||
| E | E | E | |||||||||||
| Donations | 10 | 10 | |||||||||||
| 10 | |||||||||||||
| 4. Income | from charitable | activities | |||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||||
| Year Ended | 5 | Year Ended 6 | Year Ended | 6 | Year Ended | ||||||||
| April 2023 | April 2023 | April 2023 | 6 April | 2022 | |||||||||
| E | E | F | E | ||||||||||
| Restricted | grants: | ||||||||||||
| Arts Council | England | 13,237 | |||||||||||
| National | Lottery Heritage | Fund | 27,382 | 27,382 | |||||||||
| Unresricted | grants: | ||||||||||||
| Postlethwaite | Music Foundation | 3,275 | 3,275 | ||||||||||
| Granada | Foundation | 1,500 | |||||||||||
| 3,275 | 27,382 | 30,657 | 14,737 | ||||||||||
| Previous | reporting | period | |||||||||||
| Unrestricted | Restricted | Total Funds | |||||||||||
| Year Ended | 6 | Year Ended 5 | Year Ended | 6 | |||||||||
| April 2022 | April 2022 | April 2022 | |||||||||||
| 5 | E | E | |||||||||||
| Restncted | grants: | ||||||||||||
| Arts Council | England | 13,237 | 13,237 | ||||||||||
| Unresncted | grants: | ||||||||||||
| Granada | Foundation | 1,500 | 1,500 | ||||||||||
| 1,500 | 13,237 | 14,737 |
| 5. Income | fro | m | other trading activities |
||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
| Year Ended 6 | Year Ended 5 | Year Ended 6 | Year Ended | ||||
| April 2023 | April 2023 | April 2023 | 6 April 2022 | ||||
| E | E. | E | E | ||||
| Rental Income | 150 | 100 | |||||
| Workshop | & Fee | Income | 2,025 | 2,167 | |||
| Merchandise | and | Shop Sales | 759 | 843 | |||
| 2,934 | 2,934 | 3,110 | |||||
| Previous | reporting | period | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Year Ended 5 | Year Ended 5 | Year Ended 5 | |||||
| April 2022 | April 2022 | April 2022 | |||||
| F | |||||||
| Rental Income | 100 | 100 | |||||
| Workshop | & Fee | Income | 2,157 | 2,167 | |||
| Merchandise | and | Shop Sales | 843 | 843 | |||
| 3,110 | 3,110 | ||||||
| 6.Expenditure |
| Music | ||||||
|---|---|---|---|---|---|---|
| Technology | Year Ended 6 | Year Ended | ||||
| Education | April 2023 | 5 April 2022 | ||||
| E | f | |||||
| Expenditure | on raising funds: | |||||
| Merchandise | 222 | 222 | 352 | |||
| Website Costs | 292 | 292 | 262 | |||
| 514 | 514 | 614 | ||||
| Expenditure | on charitable | activities: | ||||
| Freelance Fees | 1,900 | 1,900 | 11,011 | |||
| Project Costs | 144 | |||||
| Training | 150 | |||||
| Honorariums | 200 | 200 | 279 | |||
| Consultancy | 700 | 700 | ||||
| Travel Expenses | 107 | |||||
| Artists Fees | 660 | 660 | 4,400 | |||
| Rent & Room | Hire | 258 | ||||
| PayPal Charges | 9 | 9 | 43 | |||
| IT Costs | 6 | 6 | ||||
| Equipment & |
Rental | 163 | 163 | 187 | ||
| Printing, Postage and Stationery |
36 | 36 | 142 | |||
| Depreciation | ||||||
| Governance | 471 | 471 | 456 | |||
| 4, | 145 | 4,145 | 17,177 | |||
| Other expenditure: | ||||||
| Sundry | ||||||
| 4,659 | 4,659 | 17,791 | ||||
| Unrestricted | funds | 3,459 | 4,135 | |||
| Restricted funds |
1,200 | 13,656 | ||||
| 4,659 | 17,791 |
| The breakdow below; |
n of |
support co | sts and how these were a | llocated between |
governance and |
other support costs is shown | other support costs is shown |
|---|---|---|---|---|---|---|---|
| General Support | Governance | Total 2023 | Basis ofapportionment | ||||
| Accountancy | Fees | 471 | 471 | type of expense | |||
| 471 | 471 | ||||||
| Previous reporting |
period | ||||||
| General Support | Governance | Total 2022 | Basis ofapportionment | ||||
| Accountancy | Fees | 456 | 455 | type of expense | |||
| 455 | 456 | ||||||
| 9.Analysis of | staff | costs | |||||
| Year Ended 6 | Year Ended | ||||||
| April 2023 | 6 April 2022 | ||||||
| Wages and Salaries | |||||||
| Redundancy | |||||||
| Social Secunty Costs | |||||||
| Pension Costs | |||||||
| Chantable activities |
|||||||
| Support costs |
| 1 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15.Analysis | ofcharitable | funds | |||||||||||||||||
| Analysis | of | movements | in unrestricted | funds | |||||||||||||||
| Balance | at 6 | Incoming | Resources | Balance | at 5 | ||||||||||||||
| April 2022 | Resources | Expended | Transfers | April 2023 | |||||||||||||||
| f | f | E | f | ||||||||||||||||
| General | Fund | 238 | 7,959 | (3,459) | 4,738 | ||||||||||||||
| 238 | 7,959 | (3,459) | 4,738 | ||||||||||||||||
| Previous | reporting | period | |||||||||||||||||
| Balance | at 6 | Incoming | Resources | Balance | at 5 | ||||||||||||||
| April 2021 | Resources | Expended | Transfers | April 2022 | |||||||||||||||
| f | E | E | f | ||||||||||||||||
| General | Fund | (247) | 4,620 | (4,135) | 238 | ||||||||||||||
| (247) | 4,620 | (4,135) | 238 | ||||||||||||||||
| Name of unrestricted | fund: | Description, nature |
and purpose | ofthe fund | |||||||||||||||
| General | Fund | The "free | reserves" | after allowing | for all designated | funds | |||||||||||||
| Analysis | of | movements | in restricted | funds | |||||||||||||||
| Balance | at 6 | Incoming | Resources | Balance | at 5 | ||||||||||||||
| April 2022 | Resources | Expended | Transfers | April 2023 | |||||||||||||||
| f | f | f | |||||||||||||||||
| Arts Council | England | 1,194 | (1,194) | ||||||||||||||||
| National | Lottery Hentage | Fund | 27,382 | (6) | 27,376 | ||||||||||||||
| 1,194 | 27,382 | (1,200) | 27,376 | ||||||||||||||||
| Previous | reporting | period | |||||||||||||||||
| Balance | at 6 | Incoming | Resources | Balance | at 5 | ||||||||||||||
| April 2021 | Resources | Expended | Transfers | April 2022 | |||||||||||||||
| E | f | E | f | ||||||||||||||||
| Arts Council | England | 1,613 | 13,237 | (13,656) | 1,194 | ||||||||||||||
| 1,613 | 13,237 | (13,656) | 1,194 | ||||||||||||||||
| Name of | restricted | fund: | Description, nature |
and purpose | ofthe fund | ||||||||||||||
| Arts Council | England | for the Electric Storm | Prolect | ||||||||||||||||
| 16.Analysis | of net | assets between | funds | ||||||||||||||||
| Unrestricted | Designated | Restricted | |||||||||||||||||
| funds | funds | funds | Tots | I 2023 | |||||||||||||||
| Fixed Assets | |||||||||||||||||||
| Cash at bank | and | in | hand | 3,606 | 27,376 | 30,982 | |||||||||||||
| Other net | current | assets/(liabilities) | 1,132 | 1,132 | |||||||||||||||
| Total | 4,738 | 27,376 | 32,114 | ||||||||||||||||
| Previous | reporting | penod | |||||||||||||||||
| Unrestricted | Des igna ted | Restricted | |||||||||||||||||
| funds | funds | funds | Total | 2022 | |||||||||||||||
| Fixed Assets | |||||||||||||||||||
| Cash at bank | and | in | hand | (1,272) | 1,914 | 642 | |||||||||||||
| Other net | current | assets/(liabilities) | 1,510 | (720) | 790 | ||||||||||||||
| Total | 238 | 1,194 | 1,432 |