2023-03-31-accounts

Reference and Administrative Details
Trustees' Report	2to 7
Statement ofTrustees' Responsibilities
Independent Examiner's Report
Statement of Financial Activities	10
Balance Sheet
Cash Flow Statement	12
Notes tothe Financial Statements	13to 26

Statem	ent of	Financial	Activities for t	he Year Ended 3	1March 2023
			Unrestricted	Restricted	Total	Total
			funds	funds	2023	2022
		Note	E	E	E	E
Income and Endowments	from:
Donations and legacies			285,867	29,000	314,867	432,346
Charitable activities			423,846		423,846	182,913
Investment income			269		269	5
Total income			709,982	29,000	738,982	615,264
Expenditure on:
Charitable activities			(807,793)	(39,000)	(846,793)	(620,166)
Total expenditure			(807,793)	(39,000)	(846,793)	(620,166)
Net expenditure			(97,811)	(10,000)	(107,811)	(4,902)
Other recognised gains and losses
Other gains/losses			(2,284)		(2,284)	(110)
Net movement in funds			(100,095)	(10,000)	(110,095)	(5,012)
Reconciliation offunds
Total funds brought forward			109,373	30,000	139,373	144,385
Total funds carried forward		18	9,278	20,000	29,278	139,373

		Balance Sheet as	at31March 2023
				2023	2022
			Note	E	f
Fixed assets
Tangible assets			13	8,664	12,544
Current assets
Debtors			14	111,686	8,364
Cash at bank	and in hand		15	9,876	136,986
				121,562	145,350
Creditors: Amounts		falling due within one year	16	(100,948)	(18,521)
Net current	assets			20,614	126,829
Net assets				29,278	139,373
Funds ofthe	charity:
Restricted income funds
Restricted funds			18	20,000	30,000
unrestricted	income	funds
Unrestricted	funds			9,278	109,373
Total funds			18	29,278	139,373

C	ash Flow Statement for the Y	ear Ended 31Ma	rch 202$
			2023	2022
		Note	6	6
Cash Rows from operating	activities
Net cash expenditure			(110,095)	(5,012)
Adjustments to cash flows	from no~sh items
Depreciation			7,863	6,697
Investment income			(269)	(5)
			(102,501)	1,680
Working capital adjustments
(Increase)/decrease In debtors			(103,322)	8,607
Increase in creditors		16	52,427	11,396
Net cash flows from operating activities			(153,396)	21,683
Cash flows from investing	activities
Interest receivable and similar income			269	5
Purchase oftangible fixed	assets	13	(3,983)	(11,636)
Net cash Rows from investing activities			(3,714)	(11,631)
Cash flows from Rnancing	activities
Value of new loans obtained during the period			30,000
Net (decrease)/increase in	cash and cash equivalents		(127,110)	10,052
Cash and cash equivalents	at 1April		136,986	126,934
Cash and cash equivalents	at 31March		9,876	136,986

received from other chariti	es	include:
					2023	2022
British Council International	Collaboration			Fund	10,000	30,000
D'Oyly Carte Charitable Trust					3,000	3,500
Granada Foundation					5,500	3,000
Haworth Trust					20,000	20,000
John Ellerman Foundation					50,000	50,000
PRS Foundation					10,000	5,000
PRSFTalent Development	Partnership				8,500	8,500
Royal Philharmonic Society					4,000	4,000
RVW Trust					2,000	2,500
lauriston Trust					2,000
Duchy of Lancaster Charitable		Trust			1,000
Lord and Lady Lurgan Trust					2,500
Shears Foundation					5,500
Garfield Weston Foundation						40,000
Rdelio Trust						2,500
Helen Rachael Mackaness	Charitable		Trust			5,000
Foyle Foundation						20,000
Total Grants from other charities					124,000	194,000

		Unrestricted
		funds	Total	Total
		General	2023	2022
			E	f
Performance Fees		301,525	301,525	146,160
Education	Work	6,137	6,137	9,508
Broadcast	Fees	20,858	20,858	5,729
Travel Expenses		11,048	11,048	10,331
Studio Recording Fees				10,985
Speaking	Fees			200
Orchestra	Tax Relief	84,278	84,278
		423,846	423,846	182,913

		Unrestricted
		funds	Restricted	Total	Total
		General	funds	2023	2022
		E	f	E	E
Project Expenditure		457,909	39,000	496,909	344,528
Staff Costs		247,332		247,332	210,668
Marketing expenses		49,879		49,879	30,701
Premises Costs		12,274		12,274	11,662
Office Costs		8,083		8,083	7,099
Travel expenses		7,880		7,880	3,118
General Support costs		6,964		6,964	1,917
Bank Charges		439		439	254
Depreciation		7,863		7,863	6,697
Governance costs		9,170		9,170	3,522
		807,793	39,000	846,793	620,166
		Activity
		undertaken	Activity support
		directly	costs	2023	2022
		E	E	E	f
Projects		455,785	320,928	776,713	579,505
Commissioned	Music	41,124	28,956	70,080	37,139
		496,909	349,884	846,793	616,644

Charitable activities expenditure
	Unrestricted
	funds	Total	Total
	General	2023	2022
	E	E	E
Staff cost	247,332	247,332	210,668
Marketing expenses	49,879	49,879	30,701
Premises costs	12,274	12,274	11,662
OfAce costs	8,083	8,083	7,099
Travel costs	7,880	7,880	3,118
General expenditure	6,964	6,964	1,917
Bank charges	439	439	254
Depreciation	7,863	7,863	6,697
	340,714	340,714	272,116

				Unrestricted
				funds	Total	Total
				General	2023	2022
				E	E	E
Independent	examiner fees
Examination	of	the financia	I statements	3,000	3,000	1,600
Other fees	paid	to examiners		5,090	5,090	500
Legal fees				530	530	1,062
Other governance		costs		550	550	360
				9,170	9,170	3,522

The aggregate payroll costs were as follows:
	2023	2022
	E	E
Staff costs during the year were:
Wages and salaries	216,396	186,783
Social security costs	18,196	13,234
Pension costs	11,031	8,696
Other staff costs	1,709	1,955
	247,332	210,668

2023	2022
No	No

11 independ	ent examiner's remuneration
		2023	2022
		E	E
Examination	ofthe financial statements	3,000	1,600
Other fees to examiners
All other services		5,090	500
12 Taxation

13 Tangible fixed assets
	Furniture and
	equipment f		Total f
Cost
At 1April 2022		30,547	30,547
Additions		3,983	3,983
At 31March 2023		34,530	34,530
Depredation
At 1April 2022		18,003	18,003
Charge for the year		7,863	7,863
At 31March 2023		25,866	25,866
Net book value
At 31March 2023		8,664	8,664
At 31March 2022		12,544	12,544
14 Debtors
	2023		2022
	f		f
Trade debtors		21,003	7,366
Prepayments		37,253	998
Accrued income		53,376
Other debtors		54
	111,686		8,364
15 Cash and cash equivalents
	2023		2022
	f		f
Cash at bank		9,876	136,986

16 Creditors:	amoun	ts falling due within one year
			2023	2022
			f.	6
Trade creditors			43,866	2,430
Other loans			30,000
Other taxatlon	and social security		10,248	5,974
VAT creditor			4,752	2,299
Accruals			12,082	7,818
			100,948	18,521
17 Pension and other schemes
Defined contribution		pension scheme

18 Funds
							Other
			Balance	at 1	Incoming	Resources	recognised		Balance	at 31
			April 2022 E		resources f	expended E	gains/(losses) E		March f	2023
Unrestricted funds
General
General	Funds		109,373		709,982	(807,793)	(2,284)			9,278
Restricted	funds
Commissioned		Works			16,000	(16,000)
British Coundl		- International
Projects			30,000		10,000	(20,000)			20,000
Granada	Foundation				3,000	(3,000)
Total restricted		funds	30,000		29,000	(39,000)			20,000
Total funds			139,373		738,982	(S43,733)	(2,2S4)		29,278
							Other
			Balance at 1		incoming	Resources	recognised		Balance	at 31
			April 2021 E		resources E	expended f	gains/(losses) f		March f	2022
Unrestricted funds
General
General	Funds			144,385	573,264	(608,166)		(110)	109,373
Restricted
Commissioned		Works			12,000	(12,000)
British Council		- International
Projects					30,000				30,000
Total restricted		funds			42,000	(12,000)			30,000
Total funds				144,385	615,264	(620,166)		(110)	139,373

		Unrestricted		Total funds at
		funds	Restricted	31March
		General	funds	2023
		f	6	f
Tangible	fixed assets	8,664		8,664
Current	assets	101,562	20,000	121,562
Current	liabilities	(100,948)		(100,948)
Total net assets		9,278	20,000	29,278
		Unrestricted		Total funds at
		funds	Restricted	31March
		General f	fundsf	2022 E
Tangible	fixed assets	12,544		12,544
Current	assets	115,350	30,000	145,350
Current	liabilities	(18,521)		(18,521)
Total net assets		109,373	30,000	139,373
20 Analysis ofnet funds
			Finandng cash	At 31March
		At 1April 2022	flows f	2023 6
Cash at bank and in hand		136,986	(127,110)	9,876
Debt due within one year			(30,000)	(30,000)
Net debt		136,986	(157,110)	(20,124)
			Financing cash	At 31March
		At 1April 2021	flows	2022
		f	g	6
Cash at bank and in hand		126,934	10,052	136,986
Net debt		126,934	10,052	136,986