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||||||Unrestricted|Funds|
|---|---|---|---|---|---|---|
|||||Notes|2021|2020|
|Income|||||||
|Donations|||||267|279|
|Investment<br>income|||||58,281|59,192|
|Loan interest|||||2,617|3,962|
|Income for charitable|application||||61,165|63,433|
|Expenditure|||||||
|Cost ofraising funds:|||||||
|Investment<br>management||fees|||3,258|3,307|
|Charitable<br>activities:|||||||
|Grants|||||28,052|29,270|
|Advertising||||||312|
|Administration<br>expenses|||||13,351|11,768|
|Office expenses|||||385|2,926|
|Amounts<br>written off|||||||
|Governance<br>costs|||||||
|Independent<br>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|





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||||Notes||2021|||2020|
|---|---|---|---|---|---|---|---|---|
|Fixed assets investments|||||||||
|Listed|||||1,444,747|||1,206„555|
|Cash||||||35||35|
||||||1,444,782|||1,206,590|
|Current<br>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<br>liabilities|||||||||
|Creditors: Amounts|falling due||||||||
|within<br>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|





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||||||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<br>in cash|and|cash|||||||
||equivalents<br>(SeeBbelow)|||||(1,172)|||38,763|
|A|Reconciliation<br>ofgain/(loss)|for|the year|||||||
||to net cash flow|||||||||
||Net income/(expenditure)<br>for the||year|||252,681|||(139,732)|
||Decrease in debtors||||||||26|
||Increase in creditors|||||3,400|||30|
||(Gains)/losses<br>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|





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|2|Investmen|t<br>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|



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|||2021|2020|
|---|---|---|---|
|Market Value<br>1 April 2020||1,206,555|1,358,977|
|Realised/unrealised<br>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<br>portfolio was|invested<br>as follows||
|---|---|---|
||2021|2020|
|UK Unit Trusts|1,444,747|1,206,555|
|Market value at31March 2021|1,444,747|1,206,555|





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