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2020-12-31-accounts

					Page
Legal and administrative		information
Trustees' report					2-5
Independent auditor's	report				6-8
Statement offinancial	activities		(including	Income and expenditure
account)
Balance sheet					10
Statement ofcash flows
Notes to the financial	statements				12-18

Trustees	and			John Peter Abercromby	Readman
Executive	committee			Michael Graham Hoare
				James Judd
Secretary				Michael Graham Hoare
Company	Registration		No.	01887884
Charity Registration		No.		283484
Principal office				North House
				27 Great Peter Street
				London SW1P 3LN
Registered	office			40 Queen Anne Street
				London W1G 9EL
Auditors				Lewis Golden LLP
				Chartered Accountants	and Statutory Auditors
				40 Queen Anne Street
				London W1G 9EL
Bankers				C Hoare &Co
				37Fleet Street
				London EC4P 4DQ
Solicitors				Linklaters LLP
				No 1 Silk Street
				London EC2Y 8HQ
Website				www. coeurope. org

		Notes	Unrestricted	Unrestricted
			Funds	Funds
			2020	2019
				6
income and endowments	from:
Donations and legacies			767,370	521,873
Charitable activities			451,750	2,212,202
Other			461,940	377,607
Total income and endowments			1,681,060	3,111,682
Expenditure on:
Chadlable activities			(1,368,180)	(3,165,239)
Total expenditure			(1,368,180)	(3,165,239)
Net income/(expenditure)			312,880	(53,557)
Net movement in funds		16	312,880	(53,557)
Total funds brought forward			1,701,155	1,754,712
Total funds carried forward		16	2,014,035	1,701,155

			Notes		2020		2019
				9	9	8	9
Tangible tbrsd assets			10		7,533		10,053
Current SSMts
Debate				28,520		89,939
Cosh st bank	and In	hand		2,004,134		1,717,873
				2,032,654		1,607,812
Credltorel amounts		fahlng duo wlthln one
yoni			12	(26,152)		(116,710)
Nel cunent	assete				2,006,502		1,691,102
Total assets	tees currlnll Ilsbglgss				2,014,035		1,701,155
Represented	by:-
Unrostricted	Income	funds			2,014,035		1,701,155
Total charity	funds		1$		2,014,035		1,701,155

				Notes	2020 6	2019f
Net cash	Inflow from operating	activities		18	286,261	58,443
Increase	in cash snd cash equivalents during		the year		286,261	58,443
Cash and	cash equivalents at the	beginning	ofthe year		1,717,873	1,659,430
Total cash and cash equivalents		at the end ofthe year			2,004,134	1,717,873

Expenditure on	charitable	charitable	charitable	activities	activities
						Notes	2020	2019
								6
Direct:
Players' fees and expenses							568,916	1,099,060
Tour management		fees					113,565	123,998
Travel expenses							248,119	855,881
Artists' fees							109,670	298,021
Performance	related		costs				114,402	158,979
Withholding	tax						10,500	109,110
Indirect:
Wages and	salaries						179,098	175,291
Employer's	national		Insurance				16,759	17,106
Pension contributions							11,028	9,832
Telephone,	postage,		printing		and sundry office supplies		44,544	82,677
FEU deductions								(11,136)
Foreign exchange		(gains)//osses					(117,880)	177,404
Governance	costs						69,459	69,016
							1,368,180	3,165,239

				2020	2019
				6
Auditor's	remuneration		6	24,850	17,400
Accountancy		fees		27,204	27,264
Bank charges				17,405	24,352
				69,459	69,016
Auditor's	remuneration
				2020	2019
				6	6
Audit fees				20,363	14,262
Accountancy		and other services		4,487	3,138
				24,850	17,400

The charitable company is a re	The charitable company is a re	gistered	charity and is not liable	to corporation tax in the Uni	ted Kingdom.
Staff cosQ
				2020	2019
				8	8
Wages	and salaries			179,908	175,291
Social security costs				16,759	17,106
Pension	contributions			11,028	9,832
				207,695	202,229
Average	number ofemployees	dudng	the yean
				2020	2019
				Number	Number

10	Tangible fixed assets	Tangible fixed assets
			Musical	Computer	Total
			Instruments	equipment
			E	E
	Cost
	At 1 January	2020	44,178	3,236	47,414
	Additions
	At 31 December 2020		44,178	3,236	47,414
	Depreciation
	At 1 January	2020	34,261	3,100	37,361
	Charge for the year		2,486	34	2,520
	At 31 December 2020		36,747	3,134	39,881
	Net book value
	At 31 December 2020		7,431	102	7,533
11	Debtors
				2020	2019
				E	E
	Trade debtors			9,028	13,582
	Other debtors			8,627	8,101
	Prepayments	and accrued income		10,865	68,256
				28,520	89,939

Creditors: amounts f	alling due within one year
		2020	2019
		E	E
Trade creditors		(7,957)	55,980
Taxation and social security		8,558	6,563
Accruals and deferred	income	25,551	54,167
		26,152	116,710

There were no relat Total charity funds	ed party tra	ns	actions or balanc	es during the current or pr	ior year.
					2020	2019
					8	8
At 1 January 2020					1,701,155	1,754,712
Net income/(expenditure)					312,880	(53,557)
At 31 December 2020					2,014,035	1,701,155
Analysis of net assets
					2020	2019
					8	6
Fund balances as at 31 December are represented				by'.
Fixed assets					7,533	10,053
Debtors					28,520	89,939
Cash at bank					2,004,134	1,717,873
Creditors: amounts	falling due	within one year			(26,152)	(116,710)
At 31 December					2,014,035	1,701,155
All funds are unrestricted.
Reconciliation ofnet movement			in funds to net	cash flow from operating	activities
					2020	2019
					8	8
Net movement in funds					312,880	(53,557)
Add: depreciation charge					2,520	3,352
Decrease in debtors					61,419	41,943
(Decrease)/increase	in creditors				(90,558)	66,705
Net cash flows from	operating	activities			286,261	58,443