2023-03-31-accounts

						Page
Reference	and administrative		details ofthe charitable	company,	its Trustees and
advisers
Trustees' report						2-9
Independent	auditor's	report	on the financial statements			10-13
Statement	offinancial	activities				14
Balance sheet						15
Statement	ofcash flows					16
Notes to the financial		statements				17-31

Trustees			Candace Allen
			Lucy Stoner (appointed			31 January		2023)
			Frank Douglas	(appointed			1 December 2022)
			Kenneth Olumuyiwa		Tharp		CBE
Company	registered
number			09553052
Charity registered
number			1165933
Registered		office	3rd Floor, Paternoster			House
			65St Paul's Churchyard
			London
			EC4M 8AB
Independent		auditor	Lubbock Fine LLP
			Chartered Accountants			8 Statutory		Auditors
			Paternoster House
			65 St Paul's Churchyard
			London
			EC4M 8AB
Bankers			HSBC
			Canada Place
			Canary Wharf
			London
			E145AH
Pro bono	legal advisor		Hogan Lovells International				LLP
			Atlantic House
			Holborn Viaduct
			London
			EC1A2FG

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Note	2023f	2023f	2023f	2022f
Income from:
Donations and	legacies			2	458,763	438,643	897,406	1,031,842
Charitable activities				4	1,319,816		1,319,816	600,076
Other income								527
Total income					1,778,579	438,643	2,217,222	1,632,445
Expenditure on:
Raising funds					7,102		7,102	1,358
Charitable activities				5	2,351,400	291,000	2,642,400	1,553,619
Total expenditure					2,358,502	291,000	2,649,502	1,554,977
Net (expenditure)/income			before
taxation					(579,923)	147,643	(432,280)	77,468
Taxation					505,185		505,185	163,376
Net movement	in funds				(74,738)	147,643	72,905	240,844
Reconciliation	offunds:
Total funds brought		forward			511,642		511,642	270,798
Net movement	in funds				(74,738)	147,643	72,905	240,844
Total funds carried forward					436,904	147,643	584,547	511,642

				Note	2023	2023f	2022	2022f
Fixed assets
Tangible assets				10		15,748		279
Current assets
Debtors				11	931,392		369,005
Cash at bank and	in hand			17	77,065		421,933
					1,008,457		790,938
Creditors: amounts		falling	due within one
year				12	(439,658)		(279,575)
Net current assets		.				568,799		511,363
Total assets less	current		liabilities			584,547		511,642
Total net assets						584,547		511,642
Charity funds
Restricted funds				14		147,643
Unrestricted funds				14		436,904		511,642
Total funds						584,547		511,642

						2023	2022
					Note		F
Cash flows from operating			activities
Net cash	used in operating	activities			16	(326,880)	(118,087)
Cash flows from investing			activities
Purchase	oftangible fixed assets					(17,988)
Net cash	(used in)/provided		by investing	activities		(17,988)
Change	in cash and cash		equivalents in	the year		(344,868)	(118,087)
Cash and	cash equivalents		at the beginning	ofthe year		421,933	540,020
Cash and cash equivalents			at the end of	the year	17	77,065	421,933
The notes on pages 17to 31 form part ofthese financial statements

	Unrestricted	Restricted	Total
	funds	funds	funds
	2023	2023	2023f
Donations and gift aid	100,911		100,911
Grant income	197,600	111,000	308,600
Arts Council England		180,000	180,000
Gifts in Kind and Sponsorships	160,252	147,643	307,895
Total2023	458,763	438,643	897,406

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022f	2022
Donations and gift aid	73,459		73,459
Grant income	155,000	256,866	411,866
Arts Council England		414,445	414,445
Gifts in Kind and Sponsorships	82,072	50,000	132,072
Total2022	310,531	721,311	1,031,842

				Unrestricted	Restricted	Total
				funds	funds	funds
				2023	2023	2023f
Maria Bjornson Memorial		Fund			10,000	10,000
Garfield Weston Foundation				30,000		30,000
Foyle Foundation				30,000		30,000
Fidelity International				3,000		3,000
Harrison Frank Family Foundation					4,000	4,000
Dyers Company Charitable		Trust		5,000		5,000
The Hollick Foundation					20,000	20,000
The Linbury Trust				50,000		50,000
Paul Hamlyn Foundation					77,000	77,000
Charityworks Charitable	Company			5,126		5,126
Other grants				74,474		74,474
				197,600	111,000	308,600
				Unrestricted	Restricted	Total
				funds	funds	funds
				2022	2022f	2022
The Linbury Trust				50,000		50,000
29th May 1961Trust					5,000	5,000
Ashley Family Foundation					4,000	4,000
Esmee Fairbairn Foundation				100,000		100,000
London Community Response			Fund		20,000	20,000
Garfield Weston Foundation					150,000	150,000
Paul Hamlyn Foundation					70,000	70,000
Dyers Company Charitable		Trust		5,000		5,000
Charityworks Charitable	Company				1,000	1,000
Other grants					6,866	6,866
				155,000	256,866	411,866

	Unrestricted	Total
	funds	funds
	2023f	2023
Concerts	1,319,816	1,319,816
	Unrestricted	'Total
	funds	funds
	2022	2022f
Concerts	600,076	600,076

				Unrestricted	Restricted
				funds	funds	Total
				2023	2023 F	2023f
Concerts				2,334,153	291,000	2,625,153
Learning	and	participation	project	17,247		17,247
				2,351,400	291,000	2,642,400
				Unrestricted	Restricted
				funds	funds	Total
				2022	2022	2022
						f.
Concerts				823,328	656,937	1,480,265
Learning	and	participation	project	8,980	14,374	23,354
Website					50,000	50,000
				832,308	721,311	1,553,619

				Activities
				undertaken	Support	Total
				directly	costs	funds
				2023	2023f	2023f
Concerts				2,353,704	271,449	2,625,153
Learning	and	participation	project		17,247	17,247
				2,353,704	288,696	2,642,400
				Activities
				undertaken	Support	Total
				directly	costs	funds
				2022f	2022f	2022f
Concerts				1,328,612	151,653	1,480,265
Learning	and	participation	project	13,223	10,131	23,354
Website				14,244	35,756	50,000
				1,356,079	197,540	1,553,619

					Learning	and
					participation			Total
				Concerts	project		Website	funds
				2023f		2023f	2023f	2023f
Staff costs				244,833				244,833
Players fees				1,872,063				1,872,063
Music purchase		or hire		51,081				51,081
Production	marketing			23,786				23,786
Management	and artistic consultancy		fees	41,874				41,874
Hall rental and		marketing		67,494				67,494
Filming and	editing			52,573				52,573
				2,353,704				2,353,704

				Learning	and
				participation			Total
			Concerts	project		Website	funds
			2022		2022	2022f	2022
Staff costs			39,670	13,223			52,893
Players fees			990,851				990,851
Music purchase		or hire	54,818				54,818
Production	marketing		14,099				14,099
Management	and artistic consultancy fees		132,443			14,244	146,687
Hall rental and		marketing	96,731				96,731
			1,328,612	13,223		14,244	1,356,079

					Learning	and
					participation			Total
				Concerts	project		Website	funds
				2023		2023	2023	2023
						F
Advertising	& promotional		material	7,636		402		8,038
Sundry				20,830	1,420			22,250
Office expenses				3,803		200		4,003
Accountancy				479		25		504
Subscriptions				2,478				2,478
Auditors remuneration		-	Audit (governance)	15,608		822		16,430
Auditors remuneration		-	Other	1,824		96		1,920
Depreciation				2,393		126		2,519
Professional	fees			212,598	13,956			226,554
Property costs				3,800		200		4,000
				271,449	17,247			288,696

Analysis of	support	co	sts (conti	nued)
						Learning	and
						participation			Total
					Concerts	project		Website	funds
					2022f		2022	2022f	2022
Staff costs					8,202		2,735		10,937
Advertising	& promotional		material		7,496		395		7,891
Sundry					32,769		1,664		34,433
Office expenses					1,925		101		2,026
Accountancy					430		23		453
Subscriptions					1,780				1,780
Auditors remuneration		-	Audit (governance)		8,550		450		9,000
Auditors remuneration		-	Other		3,966		209		4,175
Depreciation					141		7		148
Professional	fees				85,786	4,515		35,756	126,057
Property costs					608		32		640
					151,653	10,131		35,756	197,540
Staff costs
								2023f	2022
Wages and	salaries							218,853	57,497
Social security costs								19,930	4,540
Contribution	to defined	contribution		pension	schemes			6,050	1,793
								244,833	63,830

		2023	2022
Artistic consultancy	fees	69,196	60,000
Expenses reimbursed		56	1,800
Player fees		18,706	31,422
Solo fees		9,500
		97,458	93,222

Taxation
		2023f	2022
Corporation	tax
Corporation	tax credit for the year	(505,185)	(163,376)

		Office
		equipment
		Z
Cost
At 1 April 2022		2,021
Additions		17,988
At 31 March 2023		20,009
Depreciation
At 1 April 2022		1,742
Charge for the year		2,519
At 31 March 2023		4,261
Net book value
At 31 March 2023		15,748
At 31 March 2022		279
Debtors
	2023f	2022f
Due within one year
Trade debtors	19,709	12,502
Other debtors	905,529	348,971
Prepayments	6,154	7,532
	931,392	369,005

		2023f	2022f
Trade creditors		4,990	877
Other taxation and social security		7,844
Other creditors		8,379	7,082
Accruals and deferred	income	418,445	271,616
		439,658	279,575

					2023f	2022f
Deferred	income at 1 April		2022		263,117	319,122
Resources deferred		during	the year		95,900	220,390
Amounts	released	from previous		periods	(263,117)	(276,395)
					95,900	263,117

								Balance at
				Balance at 1				31 March
				April 2022f	Income f	Expenditure f	Taxationf	2023f
Unrestricted			funds
General	Funds			511,642	1,778,579	(2,358,502)	505,185	436,904
Restricted		funds
Arts Council		Grants			180,000	(180,000)
Concerts					183,643	(111,000)		72,643
Website					75,000			75,000
					438,643	(291,000)		147,643
Total of	funds			511,642	2,217,222	(2,649,502)	505,185	584,547
Statement		of	funds - prior year
								Balance at
				Balance at				31 March
				1 April 2021 f	Income f	Expenditure f	Taxation f	2022f
Unrestricted		funds
General	Funds			270,798	911,134	(833,666)	163,376	511,642
Restricted		funds
Arts Council		Grants			414,445	(414,445)
Concerts					256,866	(256,866)
Website					50,000	(50,000)
					721,311	(721,311)
Total of	funds			270,798	1,632,445	(1,554,977)	163,376	511,642

Analysis of net assets between funds - cur	rent year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2023f	2023f	2023f
Tangible fixed assets	15,748		15,748
Current assets	1,027,117	75,000	1,102,117
Creditors due within one year	(533,318)		(533,318)
Difference	(72,643)	72,643
Total	436,904	147,643	584,547

Analysis	of n	et asse	ts	between funds - prior year
					Unrestricted	Total
					funds	funds
					2022f	2022f
Tangible	fixed	assets			279	279
Current	assets				790,938	790,938
Creditors	due	within	one	year	(279,575)	(279,575)
Total					511,642	511,642

Reconciliation of ne	t move	ment in fund	s to net cas	h flow from oper	ating activities
					2023f	2022f
Net income for the year (as		per Statement	of Financial	Activities)	72,905	240,844
Adjustments for:
Depreciation charges					2,519	148
Increase in debtors					(656,047)	(305,813)
Increase/(Decrease)	in creditors				253,743	(53,266)
Net cash used in operating		activities			(326,880)	(118,087)

			2023	2022f
Cash	at bank and	in hand	77,065	421,933
Total	cash and cash equivalents		77,065	421,933

						At 1 April		At 31 March
						2022	Cash flows	2023
Cash	at	bank	and	in	hand	421,933	(344,868)	77,065
						421,933	(344,868)	77,065