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|||Page|
|---|---|---|
|Legal and administrative information||1|
|Chairman's report||2 −3|
||.||
|Trustees' report||4|
|Statement of trustees' responsibilities||5|
|Independent examiner's report to the trustees||6|
|Statement of financial activities||7|
|Balance sheet||8|
|Notes to the accounts||9−11|





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|Trustees|•|Hugh Parry FCA|Chairman|
|---|---|---|---|
||•|Elspeth Arden||
||•|Keith Berry (appointed 6 November 2021)||
||•|Martin Brackenbury||
||•|Matthijs Broersma B.Mus (Hons), Guildhall||
|||School of Music & Drama; MA (Music||
|||Performance), Hochschule der KOnste,||
|||Bern||
||•|Arisa Fujita B.Mus (Hons), Guildhall School||
|||of Music & Drama||
||•|Wayne Kitcat|Treasurer|
||•|Mark Woodcock||
|**Artistic Advisor**||David Waterman PhD MA||
|**Management**||Laurence Herbert|Accountant|
|||Kathryn Newton (resigned 1 April 2022)|Marketing coordinator|
|||Sarah Baldwin (appointed 22 May 2022)|Marketing and operations manager|
|**Registered Charity Number**||1167616||
|**Principal address**||Mill Way House||
|||Guildford Road||
|||Westcott||
|||Surrey RH4 3LB||
|**Website**||http://www.maiastra.org/||
|**Examiner**||Peter Dobree FCA||
|||Rocking Horse Cottage||
|||7 Cotmandene||
|||Dorking||
|||RH4 2BL||
|**Bank**||CAF Bank||
|||25 Kings Hill Avenue||
|||Kings Hill||
|||West Mailing||
|||Kent ME19 4JQ||
|||_Account number: 00008685_||
|||_Sort code: 405240_||
|**Investment manager**||CCLA Fund Managers Limited||
|||Registered in England No. 8735639||
|||Senator House||
|||85 Queen Victoria Street||
|||London||
|||EC4V 4ET||





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||21/22|20/21|19/20|18/19|17/18|
|---|---|---|---|---|---|
|Public concerts|25|COVID|16|25|29|
|Students|35|COVID|17|35|40|
|Residential courses|3|COVID|4|5|4|
|Short courses|5|COVID|2|5|8|
|Fundraiser for Ukraine|1|n/a|n/a|n/a|n/a|



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|||**2022**||**2021**||
|---|---|---|---|---|---|
|**INCOME**||||||
|Donations||44,395|• 0−|7,535||
|Gift Aid||9,763||1,594||
|Legacy||96,700||||
||**Total income**|**150,858**||**9,129**||
|**EXPENDITURE**||||||
|Ukraine fundraiser grants||(17,270)|||(|
|Fund raising concerts||||(1,000)||
|Course costs||(41,958)||||
|Ex gratia payments to performers|for cancelled|||||
|concerts due to COVID||||(4,062)||
|Insurance costs||(835)||(1,160)||
|Publicity||(3,325)||(1,876)||
|Administration||(869)||(1,461)||
|Bank charges||(362)||(120)||
||**Total expenditure**|**(64,619)**||**(9,679)**||
|**Net income before gains/(losses) on investments**||**86,239**||**(550)**||
|Gains and (losses) on investment|assets|13,064||44,235||
|**Net movement in funds**||**99,303**||**43,685**||
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||561,657||517,972||
|**Total funds carried forward**||**660,959**||**561,657**||





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||||||**2022**||**2021**|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|**Fixed assets**||||||||
|Investments|||**4**||340,761||317,697|
|Instruments|||5||301,200||230,000|
|||**Total fixed assets**|||**641,961**||**547,697**|
|**Current assets**||||||||
|Debtors|||6|7,457||2,254||
|Cash at bank and in hand||||15,663||12,036||
||**Total current assets**|||**23,120**||**14,290**||
|**Liabilities**||||||||
|Creditors: amounts|falling|due within one yea|7|(4,122)||(330)||
||**Net current assets**||||**18,998**||**13,960**|
|||**Net assets**|||**660,959**||**561,657**|
|**_The_ funds of the** **_charity_**||||||||
|Unrestricted funds|||||660,959||561,657|
||**Total charity funds**||||**660,959**||**561,657**|





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||**_Reimbursement o f out−of−pocket expenses made to tr_**|**_ustees for expenses i_**|**_ncurred by_**||
|---|---|---|---|---|
|||**2022**|**2021**||
||Number of trustees who were paid expenses|5|0||
||Nature of the expenses|Course & publicity|Course & publicity||
|||costs|costs||
||Trustees reimbursed|8,124|0||
||**Total amount paid**|8,124|||
|**4**|**Investment assets**||||
|||c|||
||Carrying (market) value at 1 June 2021|317,697|||
||Add:||||
||purchase of COIF units|10,000|||
||net gain/(loss) on revaluation at year end|13,064|||
||Carrying (market) value at 31 May 2022|340,761|||
||**Analysis of investments as at 31 May 2022**||||
|||Market price per||Market Value|
|||unit at||at|
|||31 May 2022|Total units|31 May 2022|
|||**£**||**£**|
||COIF Charities Investment Fund −Accumulation Units||||
||A/C 127510001R|223.2259|1,526.53|340,761|
|**5**|**Instruments**||||
|||**2022**|**2021**||
|||**£**|**£**||
||Goffriller violin at cost|230,000|230,000||
||Instruments at probate valuation|71,200|−||
||**Total instruments**|301,200|230,000||





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|**6**|**Debtors and prepayments**|||
|---|---|---|---|
|||**Amounts falling due**||
|||**within one **|**year**|
|||**2022**|**2021**|
|||**£**|**£**|
||HMRC Gift Aid rebate|6,143|1,594|
||Prepayments and accrued income|1,314|660|
||**Total**|7,457|2,254|
|**7**|**Creditors and accruals**|||
|||**Amounts falling due**||
|||**within one **|**year**|
|||**2022**|**2021**|
|||**£**|**£**|
||Accruals and deferred income|(4,122)|330|
||**Total**|(4,122)|330|
|**8**|**Transactions with related parties**|||
|||**2022**|**2021**|
|**8.1**|**Remuneration for professional fees as**|||
||**permitted by the Trust Deed to trustees**|**£**|**£**|
||Arisa Fujita −as course director of residential|||
||chamber music courses|5,000|1,885|
||Arisa Fujita −as course director of non residential|||
||chamber music courses||−|
||**Total**|5,000|1,885|