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|||Page||
|---|---|---|---|
|Report ofthe Trustees||1 to|6|
|Independent<br>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<br>of Financial Activities||22 to|23|





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|||||Unrestricted|Restricted|31.12.22<br>Total|31.12.21<br>Total|
|---|---|---|---|---|---|---|---|
||||Note|fund|funds<br>f|funds|funds|
||||s|||||
|INCOME AND|ENDOWMENTS FROM|||||||
|Donations and|legacies|||||||
|Charitable<br>activities||||||||
|Advancement<br>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<br>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<br>Total|31.12.21<br>Total|
|---|---|---|---|---|---|
||Notes|fund|fundsf|funds<br>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<br>Amounts<br>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<br>Unrestricted<br>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<br>f|
|---|---|---|---|---|
|Cash flows from operating<br>activities|||(52,887)|146,289|
|Cash generated<br>from operations|||||
|Net cash provided<br>by operating|||(52,887)|146,289|
|activities|||||
|Change incash and cash<br>equivalents<br>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<br>atthe<br>end ofthe reporting<br>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<br>f||
||Net income forthe||reporting|period (asper the|Statement of||||
||Financial||||||||
||Activities)|||||(52,887)|162,094||
||Adjustments<br>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|





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





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||||||||||
|---|---|---|---|---|---|---|---|---|
|8.|STAFFCOSTS||||||||
||||||||31.12.22<br>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<br>Unrestricted||Restricted|Tota I|
|||||||fundf|funds<br>f|fundsf|
||INCOME AND|ENDOWMENTS FROM|||||||
||Donations and|legacies|||||||
||CharRable activities||||||||
||Advancement<br>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<br>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<br>f|in funds<br>f|31.12.22|
||Unrestricted<br>funds|||||||
||General fund||||157,730|3.403|16'l,133|
||Restricted funds<br>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<br>f|expended<br>F|in funds|
||Unrestricted<br>funds|||||||
||General fund||||167,314|(163,911)|3,403|
||Restricted funds<br>EFDSS||||5,000|(5,000)||
||Arts Council England<br>Youth Music||||126,537<br>3,000|(168,142)<br>(30,000|(41,605)<br>(27,000)|
||Garfield Weston|&Peter|Sowerby|Foundation|25,000|)<br>(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)|





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|Comparatives|for movement<br>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<br>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<br>f|in funds<br>f|31.12.22<br>f|
|Unrestricted|funds||||
|General fund||157,730|3,403|161,133|
|Restricted funds<br>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|





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||A current year 12months<br>and prior year 1<br>intheabove<br>areas follows:|2months combined<br>net|movement<br>in f|unds, inclu|
|---|---|---|---|---|
|||Incoming|Resources|Movem|
|||resource|expended<br>f|ent in<br>fundsf|
||Unrestricted<br>funds||||
||General fund|321,809|(253,164)|68,645|
||Restricted funds<br>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<br>Advertising<br>sales|1100|2,349|
|Charitable<br>activities<br>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<br>activities|||
|Trustees' salaries|||
|Trustees'<br>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<br>Postage and stationery|1,980<br>253|2,305<br>4,900|
|Marketing<br>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<br>Accountancy<br>and legal fees|900|900|





|31.12.22|31.12.21|
|---|---|
|3|f|
|459,478|413,719|
|(52,887)|162,094|