| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to | 10 |
| Report ofthe Independent Auditors |
11 to | 14 |
| Statement of Financial Activities | 15 | |
| Balance Sheet | 16 to | 17 |
| Notes to the Financial Statements | 18 to | 26 |
| Detailed Statement ofFinancial Activities | 27 to | 28 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | fund | funds | funds | ||||
| Notes | ||||||||
| INCOME AND | ||||||||
| ENDOWMENTS | FROM | |||||||
| Donations and legacies |
10,151 | 141,540 | 151,691 | 124,221 | ||||
| Investment income |
2,055 | 2,055 | 2,078 | |||||
| Total | 12,206 | 141,540 | 153,746 | 126,299 | ||||
| EXPENDITURE | ON | |||||||
| Charitable activities |
||||||||
| Advancement of musical |
||||||||
| opportunities in |
Wales | 229,014 | 148,308 | 377,322 | 150,859 | |||
| Other | 13,253 | 13,253 | 12,978 | |||||
| Total | 242,267 | 148,308 | 390,575 | 163,837 | ||||
| NET | ||||||||
| INCOME/(EXPENDITURE) | (230,061) | (6,768) | (236,829) | (37,538) | ||||
| Transfers between |
funds | 11 | 275,000 | (275,000) | ||||
| Net movement | in funds | 44,939 | (6,768) | (275,000) | (236,829) | (37,538) | ||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought | ||||||||
| forward | 18,351 | 100,653 | 530,000 | 649,004 | 686,542 | |||
| TOTAL FUNDS | CARRIED | |||||||
| FORWARD | 63,290 | 93,885 | 255,000 | 412,175 | 649,004 |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | F | ||
| FIXEDASSETS | |||
| Tangible assets | 3,493 | 659 | |
| Investments | 255,000 | 530,000 | |
| 258,493 | 530,659 | ||
| CURRENT ASSETS | |||
| Debtors | 21,685 | ||
| Cash at bank | 143,056 | 122,055 | |
| 164,741 | 122,055 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(11,059) | (3,710) | |
| NET CURRENT ASSETS | 153,682 | 118,345 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 412,175 | 649,004 | |
| NET ASSETS | 412,175 | 649,004 | |
| FUNDS | |||
| Unrestricted funds |
63,290 | 18,351 | |
| Restricted funds | 93,885 | 100,653 | |
| Endowment funds |
255,000 | 530,000 | |
| TOTAL FUNDS | 412,175 | 649,004 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Auditors' Auditors' |
remuneration remuneration |
for non audit work | 3,600 2,400 |
|
| Oepreciation -owned |
assets | 955 | 141 |
| 5. | COMPARATIVES FOR THE STATEMENT | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL ACTIVITIES | OF FINANCIAL ACTIVITIES | OF FINANCIAL ACTIVITIES | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| funds | funds | fund | funds | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
16,961 | 107,260 | 124,221 | |||
| Investment income |
2,078 | 2,078 | ||||
| Total | 19,039 | 107,260 | 126,299 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Advancement of musical opportunities |
||||||
| in Wales | 144,252 | 6,607 | 150,859 | |||
| Other | 12,978 | 12,978 | ||||
| Total | 157,230 | 6,607 | 163,837 | |||
| NET INCOME/(EXPENDITURE) | (138,191) | 100,653 | (37,538) | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
156,542 | 530,000 | 686,542 | |||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 18,351 | 100,653 | 530,000 | 649,004 |
| 6. | TANGIBLE FIXEDASSETS | |
|---|---|---|
| Computer | ||
| equipment | ||
| F | ||
| COST | ||
| At 1 April 2022 | 800 | |
| Additions | 3,789 | |
| At 31 March 2023 | 4,589 | |
| DEPRECIATION | ||
| At 1 April 2022 | 141 | |
| Charge for year | 955 | |
| At 31 March 2023 | 1,096 | |
| NET BOOK VALUE | ||
| At 31 March 2023 | 3,493 | |
| At 31 March 2022 | 659 | |
| 7. | FIXEDASSET INVESTMENTS | |
| Cash and | ||
| settlements | ||
| pending | ||
| MARKET VALUE | ||
| At 1 April 2022 | 530,000 | |
| Reclassification | (275,000) | |
| At 31 March 2023 | 255,000 | |
| NET BOOK VALUE | ||
| At 31 March 2023 | 255,000 | |
| At 31 March 2022 | 530,000 |
| 8. | DEBTORS:AMOUNTS | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| F | ||||||
| Trade debtors | 21,646 | |||||
| Other debtors | 39 | |||||
| 21,685 | ||||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | |||||
| E | ||||||
| Trade creditors | 1,670 | 853 | ||||
| Social security and other | taxes | 2,837 | ||||
| Other creditors | 551 | 357 | ||||
| Accruals and deferred | income | H | 2,500 | |||
| Accrued expenses | 6,001 | |||||
| 11,059 | 3,710 | |||||
| 10. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
| ANALY | SIS OF NET | ASSETS BETWEE | N FUNDS | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | funds | ||
| f | ||||||
| Fixed assets | 3,493 | 3,493 | 659 | |||
| Investments | 255,000 | 255,000 | 530,000 | |||
| Current | assets | 70,856 | 93,885 | 164,741 | 122,055 | |
| Current | liabilities | (11,059) | (11,059) | (3,710) | ||
| 63,290 | 93,885 | 255,000 | 412,175 | 649,004 |
| MOVEMENT | IN FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1/4/22 | in funds | funds | 31/3/23 | ||||
| E | E | ||||||
| Unrestricted | funds | ||||||
| General fund |
18,351 | (230,061) | 275,000 | 63,290 | |||
| Restricted funds | |||||||
| Atsain fund (Youth Music) | 87,278 | (15,033) | 72,245 | ||||
| Youth Forum | fund | 13,375 | 8,265 | 21,640 | |||
| 100,653 | (6,768) | 93,885 | |||||
| Endowment | funds | ||||||
| Expendable | endowment | funds | 530,000 | (275,000) | 255,000 | ||
| TOTAL FUNDS | 649,004 | (236,829) | 412,175 | ||||
| Net movement | in funds, | included | in the above are as | follows: | |||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund |
12,206 | (242,267) | (230,061) | ||||
| Restricted funds | |||||||
| Atsain fund (Youth Music) | 120,000 | (135,033) | (15,033) | ||||
| Youth Forum | fund | 21,540 | (13,275) | 8,265 | |||
| 141,540 | (148,308) | (6,768) | |||||
| TOTAL FUNDS | 153,746 | (390,575) | (236,829) |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/4/21 | in funds | 31/3/22 | |||
| E | E | ||||
| Unrestricted | funds | ||||
| General fund |
156,542 | (138,191) | 18,351 | ||
| Restricted funds | |||||
| Atsain fund (Youth Music) | 87,278 | 87,278 | |||
| Youth Forum | fund | 13,375 | 13,375 | ||
| 100,653 | 100,653 | ||||
| Endowment | funds | ||||
| Expendable | endowment | funds | 530,000 | 530,000 | |
| TOTAL FUNDS | 686,542 | (37,538) | 649,004 |
| Comparative | net movement in funds, incl |
uded in the above are as f |
ollows: | |
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund |
19,039 | (157,230) | (138,191) | |
| Restricted funds | ||||
| Atsain fund (Youth Music) | 90,000 | (2,722) | 87,278 | |
| Youth Forum | fund | 17,260 | (3,885) | 13,375 |
| 107,260 | (6,607) | 100,653 | ||
| TOTAL FUNDS | 126,299 | (163,837) | (37,538) |
| A current yea | r 12month | s and prior |
year 12months c | ombined positi |
on is as follow | s: |
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1/4/21 | in funds | funds | 31/3/23 | |||
| Unrestricted | funds | |||||
| General fund |
156,542 | (368,252) | 275,000 | 63,290 | ||
| Restricted funds | ||||||
| Atsain fund (Youth Music) | 72,245 | 72,245 | ||||
| Youth Forum | fund | 21,640 | 21,640 | |||
| 93,885 | 93,885 | |||||
| Endowment | funds | |||||
| Expendable | endowment | funds | 530,000 | (275,000) | 255,000 | |
| TOTAL FUNDS | 686,542 | (274,367) | 412,175 |
| included in th |
e above are as follows: | |||
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund |
31,245 | (399,497) | (368,252) | |
| Restricted funds | ||||
| Atsain fund (Youth Music) | 210,000 | (137,755) | 72,245 | |
| Youth Forum | fund | 38,800 | (17,160) | 21,640 |
| 248,800 | (154,915) | 93,885 | ||
| TOTAL FUNDS | 280,045 | (554,412) | (274,367) |