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|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|
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|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|
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|||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|
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|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|
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|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|
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|||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|
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|||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|
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|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|
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|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|
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|2023|2022|
|---|---|
|No|No|
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|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||||
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|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|
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|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|||
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|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||
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|||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|
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