| Unrestricted | Funds | |||||
|---|---|---|---|---|---|---|
| Notes | 2021 | 2020 | ||||
| Income | ||||||
| Donations | 267 | 279 | ||||
| Investment income |
58,281 | 59,192 | ||||
| Loan interest | 2,617 | 3,962 | ||||
| Income for charitable | application | 61,165 | 63,433 | |||
| Expenditure | ||||||
| Cost ofraising funds: | ||||||
| Investment management |
fees | 3,258 | 3,307 | |||
| Charitable activities: |
||||||
| Grants | 28,052 | 29,270 | ||||
| Advertising | 312 | |||||
| Administration expenses |
13,351 | 11,768 | ||||
| Office expenses | 385 | 2,926 | ||||
| Amounts written off |
||||||
| Governance costs |
||||||
| Independent examination |
1,630 | 1,560 | ||||
| Accountancy | 1,600 | |||||
| Total expenditure | 46,676 | 50,743 | ||||
| Recognised gains''(losses) | on investments | 238,192 | 152,422 | |||
| Net income/(expenditure) | and net movement | in | ||||
| funds | 252,681 | (139,732) | ||||
| Fund balance brought | forward at 1 April 2020 | 1,623„748 | 1,763,480 | |||
| Fund balance carried | forward at31March | 2021 | 1,876,429 | 1,623,748 |
| Notes | 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets investments | ||||||||
| Listed | 1,444,747 | 1,206„555 | ||||||
| Cash | 35 | 35 | ||||||
| 1,444,782 | 1,206,590 | |||||||
| Current assets |
||||||||
| Musical Instrument | —Grancino Cello | 6 | 143,790 | 143,790 | ||||
| Debtors— | ||||||||
| Loans made for Musical Instruments | 154,002 | 134,941 | ||||||
| Cash at bank and in hand | 91,766 | 92,994 | ||||||
| Charities Official Investment | Fund | 47,019 | 46,963 | |||||
| Other debtors and prepayments | ||||||||
| 436,577 | 418,688 | |||||||
| Current liabilities |
||||||||
| Creditors: Amounts | falling due | |||||||
| within one year |
||||||||
| Trade creditors | 3,330 | |||||||
| Sundry creditors | 1,600 | 1,530 | ||||||
| 4,930 | 1,530 | |||||||
| Net current assets | 431,647 | 417,158 | ||||||
| Net assets | 1,876,429 | 1,623,748 | ||||||
| Funds | ||||||||
| Unrestricted | 1,876,429 | 1,623,748 | ||||||
| 1,876,429 | 1,623,748 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Net cash inflow from operating | activities | ||||||||
| (see A below) | 17,889 | 12,746 | |||||||
| Cash flows from lending activities: | |||||||||
| Issue ofnew loans to young | musicians | (58,000) | (29,000) | ||||||
| Repayment ofyoung musicians' | loans | 38,939 | 55,017 | ||||||
| (19,061) | 26,017 | ||||||||
| (Decrease)/increase in cash |
and | cash | |||||||
| equivalents (SeeBbelow) |
(1,172) | 38,763 | |||||||
| A | Reconciliation ofgain/(loss) |
for | the year | ||||||
| to net cash flow | |||||||||
| Net income/(expenditure) for the |
year | 252,681 | (139,732) | ||||||
| Decrease in debtors | 26 | ||||||||
| Increase in creditors | 3,400 | 30 | |||||||
| (Gains)/losses on investments |
(238,192) | 152,422 | |||||||
| Net cash inflow from operating | activities | 17,889 | 12,746 | ||||||
| B | Analysis ofchanges in cash | and | cash | ||||||
| equivalents | |||||||||
| Balance at 1 April 2020 | 139,992 | 101,229 | |||||||
| Net cash (outflow)/inflow | (1,172) | 38,763 | |||||||
| Balance at 31March 2021(See | C below) | 138,820 | 139,992 | ||||||
| C | Cash and cash equivalents | ||||||||
| Cash with brokers | 35 | 35 | |||||||
| Cash at bank | 91,766 | 92,994 | |||||||
| Charities Official Investment | Fund | 47,019 | 46,963 | ||||||
| Balance at 31March 2021 | 138,820 | 139,992 |
| 2 | Investmen | t income |
||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Income | from investment | portfolio | 58,191 | 58,772 | ||
| Deposit | interest on managed | funds | 90 | 420 | ||
| 58,281 | 59,192 | |||||
| 3 | Grants | |||||
| 2021 | 2020 | |||||
| Grants | 28,052 | 29,270 |
| 2021 | 2020 | ||
|---|---|---|---|
| Market Value 1 April 2020 |
1,206,555 | 1,358,977 | |
| Realised/unrealised investment |
gains/(losses) | 238,192 | (152,422) |
| Market value 31March 2021 | 1,444,747 | 1,206,555 | |
| Historical cost31March 2021 | 1,253,605 | 1,253,605 |
| the balance sheet date, the investment portfolio was |
invested as follows |
|
|---|---|---|
| 2021 | 2020 | |
| UK Unit Trusts | 1,444,747 | 1,206,555 |
| Market value at31March 2021 | 1,444,747 | 1,206,555 |