|||||Page||
|---|---|---|---|---|---|
|Report ot' the Trustees|||I|to|6|
|Independent<br>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|





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|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<br>and legacies|||||||20|
|Charitable<br>activities||||||||
|Advancement<br>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<br>activities||||||||
|Advancement<br>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*<br>B~lceSgt~<br>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<br>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<br>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<br>from operations|||||146,289|98,537|
|Net cash provided<br>by operating||activities|||146,289|98,537|
|Change In cash and cash equivalents|||in||||
|the reporting<br>period|||||146,289|98,537|
|Cash and cash equivalents|at|the|||||
|beginning<br>oftbe reporting|period||||98,537||
|Cash and cash equivalents|at|the end|of||||
|the reporting<br>period|||||244,826|98,537|





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|RECONCILIATIO|N<br>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<br>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|





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||DONATIO|NS<br>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|





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## 

|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|



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|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<br>and attistic|||||4|3|
|No employees<br>received emoluments|||in excess off60,000.||||
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES|||||||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations<br>and legacies||||20||20|
|Charitable<br>activities|||||||
|Advancement<br>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<br>activities|||||||
|Advancement<br>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<br>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<br>funds||||
|General<br>fund|254,605|(96,875)|157,730|
|Restricted funds||||
|EFDSS|12,000|(12,000)||
|Arts Council England|355,849|(306,182)|49,667|
|GM<br>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<br>aud legacies|||||
|Donations||||20|
|Other trading<br>activities|||||
|Advertising<br>sales|||2,349|101|
|Charitable<br>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<br>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<br>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<br>and website|||20,389|7,418|
|Sundnes|||707|339|
|Training<br>and mentoring|costs||3,872|6,199|
||||32,173|16,071|
|Finance|||||
|Bank charges|||920|84|
|Governance<br>costs|||||
|Accountancy<br>and legal fees|||900|1,500|





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