2021-05-31-accounts

			Page
Legal and administrative		information
Chairman's report			2-3
Trustees' report
Statement oftrustees'	responsibilities
Independent examiner's		report to the trustees
Statement offinancial		activities
Balance sheet
Notes to the accounts			9- I I

Trustees		Hugh Parry FCA						Chairman
		Elspeth Arden
		Martin Brackenbury
		Matthijs Broersma	B.Mus (Hons), Guildhall
		School ofMusic &		Drama;		MA (Music
		Performance), Hochschule der Kunste,					Bern
		Arisa Fujita B.Mus		(Hons),		Guildhall	School of
		Music &Drama
		Wayne Kitcat						Treasurer
		Mark Woodcock
		Susan Woodcock	(died		5 March 2021)
Artistic Advisor		David Waterman	PhD		MA
Management		Laurence Herbert						Accountant
		Kathryn Newton						Marketing	coordinator
		Reisa Norris (resigned			19June 2021)			Concert coordinator
Registered	Charity Number	1167616
Principal address		Mill Way House
		Guildford Road
		Westcott
		Surrey RH4 3LB
Website		htt: www. maiastra. or
Examiner		Peter Dobree FCA
		Rocking Horse Cottage
		7 Cotmandene
		Dorking
		RH4 2BL
Bank		CAF Bank
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent ME194JQ
				Account number:			00008685
						Sort code: 405240
Investment	manager	CCLA Fund Managers			Limited
		Registered in England			No.	8735639
		Senator House
		85 Queen Victoria		Street
		London

						2021	2020
INCOME
Donations						7,535	29,553
Gift Aid						1,594	7,567
				Total income		9,129	37,120
EXPENDITURE
Grants and sponsorship						(1,000)	(11,213)
Course costs							(29,395)
Ex gratia payments	to	performers	for cancelled		concerts
due to COVID						(4,062)
Insurance costs						(1,160)	(587)
Publicity						(1,876)	(7,307)
Administration						(1,461)	(921)
Bank charges						(120)	(60)
			Total expenditure			(9,679)	(49,483)
Net income before gains/(losses)				on investments		(550)	(12,363)
Gains and (losses)	on	investment	assets			44,235	18,088
			Net movement		in funds	43,685	5,725
RECONCILIATION		OF FUNDS
Total funds brought	forward					517,972	512,247
		Total	funds carried		forward	561,657	517,972

	Republic o	fI	reland (FRS	102)and the Ch	arities Act 2011.
2	Accounting		policies
2.1	INCOMING		RESOURCES
	Recognition		ofincoming	resources	These are included in the Statement ofFinancial Activities (SoFA) when:
					the Trust becomes entitled to the resources;
					the trustees are virtually	certain they	will receive the resources; and
					the monetary value can	be measured	with sufficient reliability.
	Tax reclaims		on donations	and gifts	Incoming resources from tax	reclaims are	included	in the SoFA at the same
					time as the gift to which they	relate.
	Volunteer	help			The value ofany voluntary help received is not included in the accounts but
					is described in the Chairman's	report.
	Investment	income			This is included in the accounts when received.
2.2	EXPENDITURE AND LIABILITIES
	Liability recognition				Liabilities are recognised as	soon as there	is a legal	or constructive
					obligation committing the Trust to pay out resources.
2.3	ASSETS
	Investments				Investments quoted on arecognised stock		exchange	are valued at market
					value at the year end.

3	Details ofcertain items ofexpenditure	Details ofcertain items ofexpenditure	Details ofcertain items ofexpenditure
	Trustee expenses
	Reimbursement ofout-of pocket expenses made			to	trustees for expenses incurred		by trustees.
							2021	2020
	Number oftrustees	who were paid expenses					0	2
	Nature ofthe expenses				Course &	publicity		Course &publicity
							costs	costs
	Trustees reimbursed
								Elspeth Arden
								Hugh Parry
	Total amount paid							4,452
4	Investment assets
	Carrying (market) value at I June 2020				273,462
	Add:
	disposal ofCOIF units
	net gain/(loss)	on revaluation at year end				44,235
	Carrying (market)	value at 31 May 2021			317,697
	Analysis ofinvestments		as at 31May 2020
									Market
					Market price		per		Value at
						unit at			31 May
					31 Ma	2021		Total units	2021
	COIF Charities Investment		Fund - Accumulation		Units
	A/C 127510001R				215.1980			1,476.30	317,697
5	Instrument
							2021	2020
	At cost					230,000		230,000

6	Debtors and	prepayments
				Amounts	falling due
				within	one year
				2021		2020
	HMRC Gift Aid rebate			1,594		2,498
	Prepayments	and accrued income		660
			Total	2,254		2,498
7	Creditors and accruals
				Amounts	falling due
				within	one year
				2021		2020
	Accruals and	deferred income		(330)		(160)
			Total	(330)		(160)
8	Transactions	with related parties
				2021		2020
8 1	Remuneration	for professional	fees as permitted
	by the Trust	Deed to trustees
	Arisa Fujita -	as course director ofresidential
	chamber music courses			1,885		3,750
	Arisa Fujita -	as course director ofnon residential
	chamber music courses					800
	Matthijs Broersma - as course director ofnon
	residential chamber music courses					1,000
			Total	1,885		5,550
8.2	Donations over f,1,000 made by		trustees
	Susan Woodcock					8,000
			Total			8,000