2021-12-31-accounts

				Page
Report ot' the Trustees			I	to	6
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet			9	to	10
Cash Flow Statement
Notes to the Cash Flow		Statement		12
Notes to the Financial	Statements		13	to	18
Detailed Statement of	Financial Activities		19	to	20

for the Year Ended 31	December 2	021
						31.12.21	31.12.20
				Unresndcted	Restricted	Total	Total
				fmtd	funds	funds	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies							20
Charitable activities
Advancement ofpublic	appreciation	offolk
lllllstc				152,145	421,319	573,464	224,630
Other trading activities			3	2,350	(I)	2,349	101
Other income							1,608
Total				154,495	421,318	575,813	226,359
EXPENDITURE ON
Charitable activities
Advancement ofpublic	appreciation	offolk
music				89,253	324,466	413,719	133,871
NET INCOME				65,242	96,852	162,094	92,488
RECONCILIATION	OF FUNDS
Total funds brought fonvard				92,488		92,488
TOTAL FUNDS CARRIED FORWARD				157,730	96,852	254,582	92,488

E~II FF IEE* B~lceSgt~ 31 December 2021
					31.12.21	31.12.20
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes
CURRENT ASSETS
Debtors		10	11,156		11,156
Cash at bank			147,974	96,852	244,826	98,537
			159,130	96,852	255,982	98,537
CREDITORS
Amounts falling due within	one year	11	(1,400)		(1,400)	(6,049)
NET CURRENT ASSETS			157,730	96,852	254,582	92,488
TOTAL ASSETSLESSCURRENT
LIABILITIES			157,730	96,852	254,582	92,488
NET ASSETS			157,730	96,852	254,582	92,488
FUNDS		12
Unrestricted funds					157,730	92,488
Restricted funds					96,852
TOTALFUNDS					254,582	92,488

					31.12.21	31.12.20
				Notes
Cash flows from operating	activities
Cash generated from operations					146,289	98,537
Net cash provided by operating		activities			146,289	98,537
Change In cash and cash equivalents			in
the reporting period					146,289	98,537
Cash and cash equivalents	at	the
beginning oftbe reporting	period				98,537
Cash and cash equivalents	at	the end	of
the reporting period					244,826	98,537

RECONCILIATIO	N OFNE	T INCOME TO NET CASH FLOW FROM O	PERATING ACT	IVITIES
			31.12.21	31.12.20
			f.
Net incnme for the	reporting	period (as per the Statement ofFinancial
Activities)			162,094	92,488
Adjustments for:
Increase in debtors			(11,156)
(Decrease)/increase	in creditors		(4,649)	6,049
Net cash provided	by operations		146,289	98,537

	At 1.1.21	Cash flow	At 31.12.21
	f	f	f
Net cash
Cash at bank	98,537	146,289	244,826
	98,537	146,289	244,826
Total	98,537	146,289	244,826

	DONATIO	NS AND LEGACIES
			31.12.21	31.12.20
			f,
	Donations			20
3.	OTHER TRADING ACTIVITIES
			31.12.21	31.12.20
	Advertising	sales	2,349	101

INCOME F	ROM CHARITAB	LE	ACTIVI	TIES
						31.12.21	31.12.20
		Activity
		Advancement		ofpublic appreciation	offolk
Projects and	consultancy	music				179,229	14,583
		Advancement		ofpublic appreciation	offolk
Tickets and commissions		music				47,151	5,425
		Advancement		ofpublic appreciation	offolk
Subscriptions		music				1,707	1,247
		Advancement		ofpublic appreciation	offolk
Grants		music				345,377	203,375
						573,464	224,630
CHARITABI, F.ACTIVITIFS		COSTS
						Support
					Direct	costs (see
					Costs	note 6)	Totals
Advancement	ofpublic appreciation		of
folk music					379,726	33,993	413,719
SUPPORT COSTS
						Governance
				Management	Finance	costs	Totals
				f.	f.	f.
Advancement	ofpublic appreciation		offolk
music				32,173	920	900	33,993
TRUSTEES' REMUNERATION			AND BENEFITS
						31.12.21	31.12.20
						f.
Trustees' salaries							56,714
Trustees' social security							2,712
							59,426

STAFF COSTS
					31.12.21	31.12.20
						f
Wages and salaries					74,870	70,447
Social security costs					4,240	3,545
Other pension costs					999	1,187
					80,109	75,179
The average monthly	number	ofemployees		during the year was as follows:
					31.12.21	31.12.20
Management					1	1
Production and attistic					4	3
No employees received emoluments			in excess off60,000.
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	funds	funds
INCOME AND ENDOWMENTS			FROM
Donations and legacies				20		20
Charitable activities
Advancement ofpublic appreciation			offolk
music				98,382	126,248	224,630
Other trading activities				100		101
Other income				1,608		1,608
Total				100,110	126,249	226,359
EXPENDITURE ON
Charitable activities
Advancement ofpublic appreciation			offolk
music				7,622	126,249	133,871
NET INCOME				92,488		92,488
TOTAL FUNDS CARRIED		FORWARD		92,488		92,488

10.	DEBTORS	:	AMOUNTS FAL	LING DUE WITHIN ONE Y	EAR
						31.12.21	31.12.20
							f
	Trade debtors					6,245
	VAT					4,911
						11,156
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE				YEAR
						31.12.21	31.12.20
						f
	Trade creditors					500	2,233
	VAT						2,916
	Acrrued expenses					900	900
						1,400	6,049
12.	MOVEMENT		IN FUNDS
						Net
						movement	At
					At 1.1.21	in funds	31.12.21
	Unrestricted	funds
	General fund				92,488	65,242	157,730
	Restricted funds
	Arts Council	England				49,667	49,667
	Youth Music					27,000	27,000
	Peter Sowerby		Foundation			20,185	20,185
						96,852	96,852
	TOTAL FUNDS				92,488	162,094	254,582
	Net movement		in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted	funds
	General fund				154,495	(89,253)	65,242
	Restricted funds
	EFDSS				5,000	(5,000)
	Arts Council England				259,101	(209,434)	49,667
	Vouth Music				27,000		27,000
	Peter Sowerby	Foundation			20,185		20,185
	Special Projects				110,032	(110,032)
					421,318	(324,466)	96,852
	TOTAL FUNDS				575,813	(413,719)	162,094

		Net
		movement	At
		ln fluids	31.12.20
Unrestricted	funds
General fiel		92,488	92,488
TOTAL FUNDS		92,488	92,488

			Inconlnlg	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		100,110	(7,622)	92,488
Rcstrictcd funds
EFDSS			7,000	(7,000)
Arts Council		England	96,748	(96,748)
GMCA			17,501	(17,501)
PRS Foundation			5,000	(5,000)
			126,249	(126,249)
TOTAL	FUNDS		226,359	(133,871)	92,488

			Net
			movement	At
		At 1.1.20	in funds	31.12.21
Unrestricted	funds
General fund			157,730	157,730
Restricted funds
Arts Council	England		49,667	49,667
Youth Music			27,000	27,000
Peter Sowerby Foundation			20,185	20,185
			96,852	96,852
TOTAL FUNDS			254,582	254,582

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	254,605	(96,875)	157,730
Restricted funds
EFDSS	12,000	(12,000)
Arts Council England	355,849	(306,182)	49,667
GM CA	17,501	(17,501)
PRS Foundation	5,000	(5,000)
Youth Music	27,000		27,000
Peter Sowerby Foundation	20,185		20,185
Special Projects	110,032	(110,032)
	547,567	(450,715)	96,852
TOTAL FUNDS	802,172	(547,590)	254,582

E~RFF lkE*	E~RFF lkE*
Detailed Statement ofFinancial		ctivities
for the Year Ended 31December		2021
			31.12.21	31.12.20
INCOME AND ENDOWMENTS
Donations aud legacies
Donations				20
Other trading activities
Advertising sales			2,349	101
Charitable acthd ties
Projects and consultancy			179,229	14,583
Tickets and commissions			47,151	5,425
Subscriptions			1,707	1,247
Grants			345,377	203,375
			573,464	224,630
Other income
CVJRS				1,608
Total incoming resources			575,813	226,359
EXPENDITURE
Charitable aciivities
Trustees' salaries				56,714
Trustees' social security				2,712
Wages			74,870	13,733
Social security			4,240	833
Pensions			999	1,187
Professional fees			7,832	8,969
Travel costs			17,906	5,306
Event costs			268359	26,762
Official folk chart			5,620
			379,726	116,216
Support costs
Management
insurance			2,305	1,611
Postage and stationery			4,900	504
Marketing and website			20,389	7,418
Sundnes			707	339
Training and mentoring	costs		3,872	6,199
			32,173	16,071
Finance
Bank charges			920	84
Governance costs
Accountancy and legal fees			900	1,500

31.12.21	31.12.20
413,719	133,871
162,094	92,488