| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | I | to | 11 | |
| Report ofthe Independent Auditors |
12 | to | 15 | |
| Statement ofFinancial | Activities | 16 | ||
| Balance Sheet | 17 | |||
| Cash Flow Statement | 18 | |||
| Notes to the Cash Flow Statement | 19 | |||
| Notes to the Financial | Statements | 20 | to | 31 |
| Detailed Statement of | Financial Activities | 32 | to | 34 |
| 30.6.22 | 30.6.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
2 | 277,689 | 94,466 | 372,155 | 481,500 | |
| Charitable activities |
||||||
| Income from the operation ofconcert | ||||||
| orchestra productions | 560,499 | 560,499 | 78,648 | |||
| Investment income |
81 | 81 | I | |||
| Other income | 100,440 | 100,440 | 29,193 | |||
| Total | 938,709 | 94,466 | 1,033,175 | 589,342 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 5 | 3,360 | 3,360 | |||
| Charitable activities |
||||||
| Expenditure from the operation ofconcert |
||||||
| orchestra productions | 851,218 | 94,466 | 945,684 | 569,887 | ||
| Total | 854,578 | 94,466 | 949,044 | 569,887 | ||
| NET INCOME | 84,131 | 84,131 | 19,455 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
203,492 | 203,492 | 184,037 | |||
| TOTAL FUNDS CARRIED FORWARD | 287,623 | 287,623 | 203,492 |
| 30.6.22 | 30.6.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 13 | 4,288 | 4,288 | 1,272 | |
| CURRENT ASSETS | |||||
| Stocks | 14 | 200 | 200 | 200 | |
| Debtors | 15 | 221,254 | 221,254 | 130,043 | |
| Cash at bank | 250,038 | 250,038 | 248,014 | ||
| 471,492 | 471,492 | 378,257 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (188,157) | (188,157) | (176,037) | |
| NET CURRENT ASSETS | 283,335 | 283,335 | 202,220 | ||
| TOTAI ASSETSLESSCURRENT | |||||
| IIABILITIES | 287,623 | 287,623 | 203,492 | ||
| NET ASSETS | 287,623 | 287,623 | 203,492 | ||
| FUNDS | 17 | ||||
| Unrestricted funds: |
|||||
| General fund |
287,623 | 203,492 | |||
| TOTALFUNDS | 287,623 | 203,492 |
| 30.6.22 | 30.6.21 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
39,495 | 139,976 | |||
| Interest paid | (48) | ||||
| Tax paid | (33,568) | ||||
| Net cash provided by operating activities |
5,879 | 139,976 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed | assets | (3,936) | (1,214) | ||
| Interest received | 81 | I | |||
| Net cash used in investing | activities | (3,855) | (1,213) | ||
| Change in cash and cash | equivalents | in | |||
| the reporting period |
2,024 | 138,763 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 248,014 | 109,251 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
250,038 | 248,014 |
| RECONCILIATIO ACTIVITIES |
N OFNE |
T INCOME TO NET CASH FLOW F | ROM OPERATING | |
|---|---|---|---|---|
| 30.6.22 | 30.6.21 | |||
| Net income for the | reporting | period (as per the Statement of | ||
| Financial Activities) | 84,131 | 19,455 | ||
| Adjustments for: |
||||
| Depreciation charges |
920 | 209 | ||
| Loss on disposal of | fixed assets | 1,715 | ||
| Interest received | (81) | (1) | ||
| Interest paid | 48 | |||
| Increase in debtors | (57,643) | (716) | ||
| Increase in creditors | 12,120 | 119,314 | ||
| Net cash provided | by operations | 39,495 | 139,976 |
| At 1.7.21 | Cash flow | At 30.6.22 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank | 248,014 | 2,024 | 250,038 |
| 248,014 | 2,024 | 250,038 | |
| Total | 248,014 | 2,024 | 250,038 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 30.6.22 | 30.6.21 | |
| Donations | 89,977 | 180,651 |
| Grants receivable | 282,178 | 300,849 |
| 372,155 | 481,500 |
| 30.6.22 | 30.6.21 | |||||
|---|---|---|---|---|---|---|
| Deposit account | interest | 81 | I | |||
| INCOME | FROM CHARITABLE ACTIVITIES | |||||
| 30.6.22 | 30.6.21 | |||||
| Activity | ||||||
| Fees receivable | from | Income from the operation ofconcert | ||||
| concert productions | orchestra productions | 553,852 | 65,711 | |||
| Fees receivable | from own | Income from the operation ofconcert | ||||
| promotions | orchestra productions | 6,647 | 12,937 | |||
| 560,499 | 78,648 | |||||
| RAISING | FUNDS | |||||
| RAISING | DONATIONS | AND LEGACIES | ||||
| 30.6.22 | 30.6.21 | |||||
| Fundraising | costs ofgrants | and donations | 3,360 | |||
| CHARITABLE ACTIVITIES COSTS | ||||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 7) | Totals | ||||
| Expenditure | from the operation | of | ||||
| concert orchestra | productions | 692,346 | 253,338 | 945,684 |
| 30.6.22 | 30.6.21 | ||||
|---|---|---|---|---|---|
| Wages | 161,376 | 147,927 | |||
| Social security | 13,985 | 12,881 | |||
| Pensions | 4,815 | 4,406 | |||
| Premises costs | 6,221 | 20,511 | |||
| Telephone &ITexpenses | 3,711 | 1,974 | |||
| Printing, postage |
&stationery | 2,001 | 3,018 | ||
| General marketing | 25,015 | 6,847 | |||
| Sundry expenses | 15,892 | 295 | |||
| Subscriptions | 3,397 | 4,204 | |||
| Non-recoverable | VAT | 6,063 | |||
| Depreciation ofoAice | furniture | &equipment | 920 | 209 | |
| Loss on sale oftangible | fixed assets | 1,715 | |||
| Bank charges | 1,058 | 1,325 | |||
| Interest payable | 48 | ||||
| Auditors' remuneration |
5,000 | 5,000 | |||
| Auditors' remuneration |
for non | audit work | 660 | ||
| Bookkeeping | 2,426 | 5,207 | |||
| Legal fees | 750 | ||||
| 253,338 | 215,519 |
| 30.6.22 | 30.6.21 | |||
|---|---|---|---|---|
| Auditors' | remuneration | 5,000 | 5,000 | |
| Auditors' | remuneration | for non audit work | 660 | |
| Depreciation - owned |
assets | 920 | 210 | |
| Deficit on | disposal of | fixed assets | 1,715 |
| 30.6.22 | 30.6.21 | ||
|---|---|---|---|
| Wages | and salaries | 161,376 | 147,927 |
| Social | security costs | 13,985 | 12,881 |
| Other | pension costs | 4,815 | 4,406 |
| 180,176 | 165,214 |
| 30.6.22 | 30.6.21 | |||
|---|---|---|---|---|
| Direct | charitable | work | 3 | 3 |
| 30.6.22 | 30.6.21 | ||
|---|---|---|---|
| f60,001 | - f70,000 | I | I |
| 11. | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fulld | fund | funds | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
332,876 | 148,624 | 481,500 | ||
| Charitable activities |
|||||
| income from the operation ofconcert | |||||
| orchestra productions | 78,648 | 78,648 | |||
| Investment income |
I | I | |||
| Other income | 29,193 | 29,193 | |||
| Total | 440,718 | 148,624 | 589,342 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Expenditure from the operation ofconcert |
|||||
| orchestra productions | 421,263 | 148,624 | 569,887 | ||
| NET INCOME | 19,455 | 19,455 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward |
184,037 | 184,037 | |||
| TOTAL FUNDS CARRIED FORWARD | 203,492 | 203,492 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| OAice | |
| furniture | |
| &equipment | |
| COST | |
| At I July 2021 | 1,586 |
| Additions | 3,936 |
| At 30June 2022 | 5,522 |
| DEPRECIATION | |
| At I July 2021 | 314 |
| Charge for year | 920 |
| At 30June 2022 | 1,234 |
| NET BOOK VALUE | |
| At 30June 2022 | 4,288 |
| At 30June 2021 | 1,272 |
| 14. | STOCKS | |||
|---|---|---|---|---|
| 30.6.22 | 30.6.21 | |||
| Stocks | 200 | 200 | ||
| 15. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 30.6.22 | 30.6.21 | |||
| Trade debtors | 57,398 | 15,117 | ||
| Other debtors | 40,162 | 25,710 | ||
| Orchestra tax | credits | 117,924 | 84,356 | |
| VAT | 4,416 | |||
| Prepayments | and accrued income | 5,770 | 444 | |
| 22],254 | 130,043 | |||
| 16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.6.22 | 30.6.21 | |||
| Trade creditors | 114,964 | 97,759 | ||
| Social security and other taxes | 4,005 | |||
| VAT | 4,944 | |||
| Other creditors | 6,642 | 2,708 | ||
| Accrued expenses | 13,891 | 14,812 | ||
| Deferred income | 47,716 | 56,753 | ||
| 188,157 | 176,037 |
| MOVEMEN | T IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.7.21 | in funds | 30.6.22 | ||||
| Unrestricted | funds | |||||
| General fund | 203,492 | 84,131 | 287,623 | |||
| TOTAL FUNDS | 203,492 | 84,131 | 287,623 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 938,709 | (854,578) | 84,131 | |||
| Restricted funds | ||||||
| Restricted fund |
94,466 | (94,466) | ||||
| TOTAL FUNDS | 1,033,175 | (949,044) | 84,131 | |||
| Comparatives | for movement | in | funds | |||
| Net | ||||||
| movement | At | |||||
| At 1.7.20 | in funds | 30.6.21 | ||||
| Unrestricted | funds | |||||
| General fund | 184,037 | 19,455 | 203,492 | |||
| TOTAL FUNDS | 184,037 | 19,455 | 203,492 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund |
440,718 | (421,263) | 19,455 |
| Restricted funds | |||
| Restricted fund |
148,624 | (]48,624) | |
| TOTAL FUNDS | 589,342 | (569,887) | 19,455 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.7.20 | in funds | 30.6.22 | ||
| Unrestricted | funds | |||
| General fund | 184,037 | 103,586 | 287,623 | |
| TOTAL FUNDS | 184,037 | 103,586 | 287,623 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 1,379,427 | (1,275,841) | 103,586 |
| Restricted funds | |||
| Restricted fund | 243,090 | (243,090) | |
| TOTAL FUNDS | 1,622,517 | (1,518,931) | 103,586 |