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2022-12-31-accounts

Page
Report ofthe Trustees 1 to 6
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 9 to 10
Cash Flow Statement
Notes tothe Cash Flow Statement
Notes tothe Financial Statements 13 to 21
Detailed Statement
of Financial Activities		 22 to 23

Unrestricted Restricted 31.12.22
Total		 31.12.21
Total
Note fund funds
f		 funds funds
s
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable
activities
Advancement
folk music		 ofpublic appreciation of 166,214 239,277 405,491 573,464
Other trading activities 3 1,100 1,100 2,349
Other income
Total 167,314 239,277 406,591 575,813
EXPENDITURE ON
Charitable activities
Advancement ofpublic appreciation of
folk music 163,911 295,567 459,478 413,719
NET INCOME (DEFICIT) 3,403 (56,290) (52,887) 162,094
RECONCILIATION
OF FUNDS
Total funds brought forward 157,730 96,852 254,582 92,488
TOTAL FUNDS CARRIED FORWARD 161,133 40,562 201,695 254,582
Unrestricted Restricted 31.12.22
Total		 31.12.21
Total
Notes fund fundsf funds
f		 fundsf
CURRENT ASSETS
Debtors 10 49,983 49,983 11,156
Cash at bank 143,430 40,562 183,992 244,826
193,413 40,562 233,975 255,982
CREDITORS
Amounts
falling due within one year		 (32,280) (32,280) (1,400 )
NET CURRENT ASSETS 161,133 40,562 201,695 254,582
TOTAL ASSETSLESSCURRENT
LIABILITIES 161,133 40,562 201,695 254,582
NETASSETS 161,133 40,562 201,695 254,582
FUNDS
Unrestricted
funds		 12 161,133 157,730
Restricted funds 40,562 96,852
TOTAL FUNDS 201,695 254,582
Notes 31.12.22 31.12.21
f
Cash flows from operating
activities		 (52,887) 146,289
Cash generated
from operations
Net cash provided
by operating		 (52,887) 146,289
activities
Change incash and cash
equivalents
in the reporting		 (52,887) 146,289
period
Cash and cash equivalents
atthe beginning ofthe 244,826 98,537
reporting period
Cash and cash equivalents
atthe
end ofthe reporting
period		 183,992 244,826
I. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.22 31.12.21
f
Net income forthe reporting period (asper the Statement of
Financial
Activities) (52,887) 162,094
Adjustments
for:
Increase in debtors (38,827) (11,156)
(Decrease)/increase in creditors 30,880 (4,649)
Net cash provided by operations (60,834) 146,289
2. ANALYSIS OFCHANGES IN NET FUNDS
At 1.1.22 Cash flow At 31.12.22
f
Net cash
Cash at bank 244,826 (60,834) 183,992
244,826 (60,834) 183,992
Total 244,826 (60,834) 183,992

INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES
Activity 31.12.22
f		 31.12.21
Advancement ofpublic
appreciation offolk 102,265 179,229
Projects and consultancy music
Advancement ofpublic
Tickets and commissions appreciation
music		 offolk 71,414 47,151
Advancement ofpublic
Subscriptions appreciation
music		 offolk 1,775 1.707
Advancement ofpublic
Grants appreciation
music		 offolk 230,037=345,377
405,491 573.464
5. CHARITABLE ACTIVITIES COSTS
Support
costs
(see Totals
note 6)
Advancement of public appreciation
of
folk music 68,298 459,478
Governance
6, SUPPORT COSTS
Management costs Totals
f
Advancement ofpublic appreciation
offolk
music 32,173 900 33,993

8. STAFFCOSTS
31.12.22
f		 31.12.21
Wages and salaries 100,278 74,870
Social security costs 4,067 4,240
Other pension costs 2,648 999
106,993 80,109
The average monthly number ofemployees during the year was as
follows:
31.12.22 31.12.21
Management 1 1
Production and artistic 4 4
No employees received emoluments in excess off50,000.
9. COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted		 Restricted Tota I
fundf funds
f		 fundsf
INCOME AND ENDOWMENTS FROM
Donations and legacies
CharRable activities
Advancement
folk music		 ofpublic appreciation of 152,145 421,319 573,464
Other trading activities 2,350 (1) 2,349
Other income
Total 154,495 421,318 575,813
EXPENDITURE ON
Charitable activities
Advancement ofpublic appreciation of
folk music 89,253 324,466 413,719
NET INCOME 65,242 96,852 162,094
TOTAL FUNDS CARRIED FORWARD 157,730 96,582 254,852
10. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
f
Trade debtors 45,754 6,245
VAT 4,229 4,9 l1
49,983 11,156
11. CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
f
Trade creditors 31,380 500
VAT
Accrued expenses 900 900
32,280 1,400
12. MOVEMENT IN FUNDS
Net
movement At
At 1.1.22
f		 in funds
f		 31.12.22
Unrestricted
funds
General fund 157,730 3.403 16'l,133
Restricted funds
Arts Council England		 49,667 (41,605) 8,062
Youth Music and Peter Sowerby Foundation 47,185 (47,185)
PRS, GMCA, Export Music Sweden 32,500 32,500
96,852 (88,790) 40,562
TOTALFUNDS 254,582 (52,887) 201,695
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
f		 expended
F		 in funds
Unrestricted
funds
General fund 167,314 (163,911) 3,403
Restricted funds
EFDSS		 5,000 (5,000)
Arts Council England
Youth Music		 126,537
3,000		 (168,142)
(30,000		 (41,605)
(27,000)
Garfield Weston &Peter Sowerby Foundation 25,000 )
(45,185)		 (20,185)
Special Projects Inc PRS, GMCA, 79,740 (47,240) 32,500
239,277 (295,567 ) (52,887)
TOTALFUNDS 406,591 (459,478 ) (52,887)

Comparatives for movement
infunds
Net
movement At
in funds 31.12.21
Unrestricted funds
General fund 65,242 157,730
TOTAL FUNDS 65,242 157,730
Incoming Resources Movement
resource expended in funds
5f f.
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
Youth Music 27,000 27,000
Peter Sowerby Foundation 20,185 20,185
Special Projects
421,318 (324,466) 96,852
TOTALFUNDS 575,813 (413,719) 162,094
Net
move me At
nt
At 1.1.21
f		 in funds
f		 31.12.22
f
Unrestricted funds
General fund 157,730 3,403 161,133
Restricted funds
Arts Council England		 49,667 (41,605) 8,062
Youth Music 47,185 (47,185)
PRS, GMCA, Export Music Sweden 32,500 32,500
96,852 (56,290) 40,562
TOTALFUNDS 254,582 (52,887) 201,695

A current year 12months
and prior year 1
intheabove
areas follows:		 2months combined
net		 movement
in f		 unds, inclu
Incoming Resources Movem
resource expended
f		 ent in
fundsf
Unrestricted
funds
General fund 321,809 (253,164) 68,645
Restricted funds
EFDSS		 10,000 (10,000)
Arts Council England 385,638 (377,576) 8,062
Garfield Weston Foundation 25,000 (25,000)
GMCA and others 52,500 (20,000) 32,500
Youth Music 30,000 (30,000)
Peter Sowerby Foundation 20,185 (20,185)
Special Projects 137,272 (137372)
660,595 (620,033) 40,562
TOTAL FUNDS 982,404 (873,197) 109,207
13. RELATED PARTY DISCLOSURES
1
31.12.22 31.12.21
f f
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Advertising
sales		 1100 2,349
Charitable
activities
Projects and consultancy		 102,265 179,229
Tickets and commissions 71,414 47,151
Subscriptions 1,775 1,707
Grants 230,037 345,377
405,491 573,464
Other income
CVJRS
Total incoming resources 406,591 575,813
EXPENDITURE
Charitable
activities
Trustees' salaries
Trustees'
social security
Wages 100,278 74,8703
Social security 4,067 4,240
Pensions 2,649 999
Professional fees 9,602 7,832
Travel costs 26,547 17,906
Event costs 233,230 268,259
Official folk chart 14,807 5,620
391,180 379,726
Support costs
Management
Insurance
Postage and stationery		 1,980
253		 2,305
4,900
Marketing
and website		 62,553 20,389
Sundries 707
Training and mentoring costs 2,055 3,872
66,841 32,173
Finance
Bank charges 557 920
Governance costs
Accountancy
and legal fees		 900 900
31.12.22 31.12.21
3 f
459,478 413,719
(52,887) 162,094