2021-06-30-accounts

				Designated	Other
			Unrestricted	Capital	Designated	Restricted	Total June	Total June
			Funds	Fund	Funds	Funds	2021	2020
		notes	f	f	E	f	f	f
Income from
Grants, donations	and legacies	3	441,161	67,880	165,000	336,000	1,010,041	722,839
Other trading income		4	41,042				41,042	26,167
Charitable activities		5	156,376				156,376	184,462
Investment income			390				390
Total			638,969	67,880	165,000	336,000	1,207,849	933,737
Expenditure on:
Raising funds:
Cost of fundraising			45,292				45,292	70,819
Generating rental income			23,847				23,847	17,271
Charitable activities			379,470	65,136	69,950	162,675	677,231	723,560
Total			448,609	65,136	69,950	162,675	746,370	811,650
Net income
(expenditure)			190,360	2,744	95,050	173,325	461,479	122,087
Transfer between	funds		(76,200)	109,860	60,340	(94,000)
Net movement in	funds		114,160	112,604	155,390	79,325	461,479	122,087
Total funds brought
forward			81,341	1,494,869	155,000	36,000	1,767,210	1,645,123
Total funds carried
forward			195,501	1,607,473	310,390	115,325	2,228,689	1,767,210

					2021	2021	2020	2020
					f	f	f	f
				notes
Fixed assets
Tangible assets						1,607,473		1,494,869
Current assets
Debtors				12	134,962		170,512
Cash in bank	and	in hand			567,190		239,076
					702,152		409,588
Creditors(duewithin1			year)	13	(80,936)		(137,247)
Net current	assets					621,216		272,341
Total assets						2,228,689		1,767,210
Funds
Restricted Funds				14		115,325		36,000
Designated	fund:	Capital		15		1,607,473		1,494,869
Other Designated		Funds		15		310,390		155,000
General fund				16		195,501		81,341
						2,228,689		1,767,210

						Year	Year
						to June	to June
						2021	2020
						f	f
Cash flows from operating activities						505,464	158,698
Cash flows from investing activities
Dividends and interest						390	269
Purchase of property, plant and equipment						(177,740)	(22,137)
Net cash provided by investing	activities					(177,350)	(21,868)
Change in cash and cash equivalents		in the reporting		period		328,114	136,830
Cash and cash equivalents at the beginning			ofthe reporting		period	239,076	102,246
Cash and cash equivalents at the end		ofthe	reporting	period		567,190	239,076
NOTES TO THE CASH FLOW STATEMENT
Reconciliation of net movement	in funds to net cash			flow from operating		activities
Net movement in funds						461,479	122,087
Depreciation charges						65,136	62,198
(Increase)/decrease in debtors						35,550	(78,775)
Increase/(decrease) in creditors						(56,311)	53,457
Interest and dividends						(390)	(269)
Net cash provided by operating	activities					505,464	158,698
Analysis ofcash and cash equivalents
						567,190	239,076
Cash at bank and in hand						567,190	239,076

Freehold Land	Not depreciated
Buildings, major remodelling	2%
Building other improvements	10%
Equipment (not including Pianos)	25%
Fixtures and Fittings	25%

Current Year		Designated	Other
	Unrestricted	Capital	Designated	Restricted	1otal	1otal
	Funds	Fund	Funds	Funds	June 2021	June 2020
	f				f	f
Arts Council	168,221			82,000	250,221	171,316
Donations	57,332		56,000	4,000	117,332	204,265
Trusts and foundations	21,000		109,000	243,000	373,000	203,250
Corporate donations	74,235				74,235	22,000
Opera companies	118,000			7,000	125,000	122,000
In-kind income	1,735	67,880			69,615
Legacies	639				639
	441,161	67,880	165,000	336,000	1,010,041	722,839
Prior Year		Designated	Other
	Unrestricted	Capital	Designated	Restricted	1otal	1otal
	Funds	Fund	Funds	Funds	June 2020	June 2019
	f	f			f	f
Arts Council	171,316				171,316	168,221
Donations	130,565		15,000	58,700	204,265	47,708
Trusts and foundations	6,250		35,000	162,000	203,250	242,441
Corporate donations	22,000				22,000	38,000
Opera companies	122,000				122,000	116,000
In-kind income						13,740
Legacies						25
	452,139		50,000	220,700	722,839	626,135

			Designated	Other
		Unrestricted	Capital	Designated	Restricted	Total	Total
		Funds	Fund	Funds	Funds	June 2021	June 2020
		f	f	f		f	f
Rental	income	16,042				16,042	26,167
Long	term rental income	25,000				25,000
		41,042				41,042	26,167

5	Charitable	Activities
				Designated	Other
			Unrestricted	Capital	Designated	Restricted	Total	Total
			Funds	Fund	Funds	Funds	June 2021	June 2020
			F.	F.	f		F.	f
Audition	fees		9,850				9,850	18,499
Other income			38				38	18,048
Box Office receipts			260				260	11,834
Short Course fees								34,672
Coronavirus Job Retention		Scheme Grants	69,105				69,105	24,733
Theatre	Tax Credit		77,124				77,124	76,676
			156,376				156,376	184,462

Current Year			Direct	Support	Total	Total
			Costs	Costs	June 2021	June 2020
Raising funds:			F.	F.	F.	F.
Cost of fundraising			32,234	13,058	45,292	70,819
Generating	rental	income	18,624	5,223	23,847	17,271
Charitable	activities		434,342	242,889	677,231	723,560
			485,200	261,170	746,370	811,650
Prior Year			Direct	Support	Total	Total
			Costs	Costs	June 2020	June 2019
Raising funds:			F.	F.	F.	F.
Cost of fundraising			57,434	13,385	70,819	78,519
Generating	rental	income	11,917	5,354	17,271	16,785
Charitable	activities		474,600	248,960	723,560	719,879
			543,951	267,699	811,650	815,183

		2021	2020
staff		98,237	95,387
Professional	fees	30,702
Premises		19,023	15,242
Office costs,	finance, and admin	26,999	42,049
Travel		419	7,275
Insura nce		9,154	9,107
Governance		11,500	36,441
Depreciation		65,136	62,198
		261,170	267,699

					2021	2020
					f	f
2019Audit		Fees under-accrued				2,460
20201ndependent Examination			fees		400	5,000
2021 Audit		Fees			11,100
Accountancy		Fees for Corporation		Tax and VAT		5,610
Allocated	staff costs					23,371
					11,500	36,441

							2021	2020
								E
Gross salary							278,880	287,631
Social security costs							26,898	27,710
Pensions	costs						8,388	7,601
Government		Employment			Grant		(4,000)	(4,000)
							310,166	318,942
							2021	2020
Average	number of			employees		is
as follows
Charitable		Activities					6.71	6.93
Core							2.63	3.21
							9.34	10.14
							2021	2020
							f	E
Salary, National			Insurance,		and	pensions	158,535	179,211
of Key Management				Personnel

0 Ne	t Income is sta	ted after chargi	ng
			2021	2020
			E
Independent	Examination/Audit	fees	11,500	7,460
Depreciation			65,136	62,198
Operating	lease rentals		8,520	12,647

			Furniture
		Freehold	Fixtures		Musical
		Property	and fittings	Equipment	Instruments	Total
		E
Cost
As at 1st July 2020		1,839,095	120,729	128,129		2,087,953
Additions		9,660	5,925	94,275	67,880	177,740
Transfers				(7,720)	7,720
As at 30th	June 2021	1,848,755	126,654	214,684	75,600	2,265,693
~Dr c~ii	n
As at 1st July 2020		437,428	77,570	78,086		593,084
Charge for	year	25,405	22,996	18,086	(1,351)	65,136
Transfers				(1,351)	1,351
As at 30th	June 2021	462,833	100,566	94,821		658,220
Net book value 30th June 2021		1,385,922	26,088	119,863	75,600	1,607,473
Net book value 30th June 2020		1,401,667	43,159	50,043		1,494,869

		2021	2020
		f	f
Trade debtors		5,461	8,465
Prepayments	and accrued income	129,501	162,047
		134,962	170,512

13 Creditors	13 Creditors
						2021	2020
						f	f
Trade creditors						15,802	13,980
Accruals	and deferred		income			56,219	114,270
Taxes, social security,			and	pensions		8,915	8,997
						80,936	137,247
						2021	2020
						f	f
Deferred	income	brought		forward		109,270	31,241
Deferred	income	utilised		during	period	109,270	31,241
Income	deferred	in period		and	carried forward	32,707	109,270

Current Year							Balance	Income	Expenditure	Transfers	Balance
							1stJuly				30th June
							2020				2021
Nicholas John	Trust (2)						10,000		10,000
Nicholas John	Trust (3)							50,000	50,000
Steinway Restoration		Fund						4,000	4,000
Help Musicians								21,000	21,000
CHK Foundation								15,000	15,000
Amar-Franses	and Foster-Jenkins				Trust			15,000	15,000
Lionel Anthony	Charitable		Trust					15,000	15,000
The Carne Trust								11,000	11,000
Kirby Laing Foundation								10,000	10,000
Colwinston Charitable		Trust						5,000	5,000
Diverse Voices	Restricted		Fund				26,000	95,000	6,675	1,000	115,325
Rausing Trust								45,000		(45,000)
Linbury Trust								50,000		(50,000)
							36,000	336,000	162,675	(94,000)	115,325
Prior Year							Balance	Income	Expenditure	Transfers	Balance
							1stJuly				30th June
							2019				2020
Nicholas John	Trust (1)						1,120		1,120
Nicholas John	Trust (2)							45,000	35,000		10,000
British Council							13,550		13,550
Help Musicians								40,000	40,000
Boltini Trust								10,000	10,000
Jonathan Kane								13,700		(13,700)
Amar-Franses	and Foster-Jenkins				Trust			14,000	14,000
Diverse Voices	Restricted		Fund					26,000	20,191	20,191	26,000
Young Artist Training		and	Support		Restricted	Fund		35,000	35,000
Old Possum's Practical		Trust						5,000	5,000
Young Artist Training		Restricted		Fund				32,000	32,000
							14,670	220,700	205,861	6,491	36,000

Current Year	Current Year			Balance	Income	Expenditure	Transfers	Balance
				1st July				30th June
				2020				2021
				E				E
Fixed Assets Fund				1,494,869	67,880	65,136	109,860	1,607,473
Support	Fund: Young Artists			60,000	165,000	62,350		162,650
ReSound				25,000		7,600		17,400
Capital Expenditure		Fund		70,000			30,340	100,340
Systems	and Infrastructure		Fund				30,000	30,000
				1,649,869	232,880	135,086	170,200	1,917,863
Prior Year				Balance	Income	Expenditure	Transfers	Balance
				1st July				30th June
				2019				2020
				E			E	E
Fixed Assets Fund				1,534,930		62,198	22,137	1,494,869
Support	Fund: Young Artists			50,000	40,000	40,000	10,000	60,000
ReSound	(Singers in Transition)			15,000	10,000			25,000
Capital Expenditure		Fund					70,000	70,000
				1,599,930	50,000	102,198	102,137	1,649,869

6 General Fund
Current Year	Balance	Income	Expenditure	Transfers	Balance
	1st July				30th June
	2020				2021
	f				E
General	81,341	638,970	448,608	(76,200)	195,503
	81,341	638,970	448,608	(76,200)	195,503
Prior Year	Balance	Income	Expenditure	Transfers	Balance
	1st July				30th June
	2019				2020
	f	f	E	E	E
General	30,523	663,037	503,591	(108,628)	81,341
	30,523	663,037	503,591	(108,628)	81,341

Current Year		Unrestricted	Restricted	Total
		f		f
Fixed assets		1,607,473		1,607,473
Debtors		132,862	2,100	134,962
Cash in bank and	in hand	453,965	113,225	567,190
Creditors		(80,936)		(80,936)
		2,113,364	115,325	2,228,689
Prior Year		Unrestricted	Restricted	Total
		f		f
Fixed assets		1,494,869		1,494,869
Debtors		170,512		170,512
Cash in bank and	in hand	121,076	118,000	239,076
Creditors		(137,247)		(137,247)
		1,649,210	118,000	1,767,210

18	Operating L	ease Commit	ments
			2021	2020
			f	f
Annual	cost ot operating	leases due
within	1 year		10,286	10,286
Cost for 2-5 years			27,394	37,680