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|---|---|---|
|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|
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||||||||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|
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|||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|
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||||2023|2022|
|---|---|---|---|---|
|Auditors'
Auditors'|remuneration
remuneration|for non audit work|3,600
2,400||
|Oepreciation
-owned||assets|955|141|
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|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|
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|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|
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|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|
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|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)|
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|||||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)|
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|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)|
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