OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

t(efcrencc and adhninistrative
details
Trustees'
annual
rcport (incnrpomting		 thc &lircctorh report)
Indepcndmit
auditor's
rcport to the momhcrs
Statement offinancial
activities (including		 income and cxpen&liturc account)
Statmncnt offinancial
position
Statement nf cash flows
Notes to the financial statancnts

Registered charity name name Academy ofSt Martin Academy ofSt Martin in thc Fields
Charity registration nmnber 289294
Company registration numbm 01808488
Registered Office 7 Bell Yard
London
WC2A 2JR
The Trustees
The Trustees serving during the year and since thc year cnd werc as follows
A J Mackintosh (Appointed 15 February 2023)
A Kcn (Retired 27 Scptembcr 2022)
A Marriner
A O'Carroll (Retired 5 October 2021)
BOppetit (Rctirc&l 27 September 2022)
E Dubc (Rctircd 5 October 2021)
FBoluls
G Powcil (Appointed 5 October 2021, Chair ofthe Finance Coinmittcc)
I Deschamps (Appointed 23 May 2023)
MA Aymerich (Appointed 5 October 2021)
M I'raenkel (Appointed 14 Scptunbcr 2021)
R Dow
R Inglcton (Retired 5 October 2021)
RSmissen (Appointed on 23 May 2023)
SBoyes
S Haslam (Rctircd 27 September 2&)22)
Thc Rt. Hon. Lord Justice Coulson
TLcssels (Appnin ted 5 October 2021)
W O' Sullivan
W Schotield
Chief Executive Annie Lydford (Appointed
12 Scptcmbm		 2022)
Company sem'etary David Hills (Retired 30 Junc 2022)
Auditor Wcstlakc Clark Audit LLP
7 Lyu'ivood Coul't
Priestlamls Place
I ymington
Hampshire
SO41 9GA
Bankers National
Westminster		 Bank pic
PO Box No. 305
Spring Garde&a
Manchester
M602DB

Unrestricted Restricted Total Total
Note funds
2022		 funds
2022		 2022 2021
K
Incame and endowments
Donations
and lcgacics		 313,511 5,887 319,3')8 771,625
Charitable
activiti&a		 1,971,127 1,971,127 100,780
Other trading activities 26,825 26,825 31,907
Other mcomc 353,343 353,343 119,519
Total Income 2,664,806 5,887 2,G70,G93 1,023,831
Expenditure
Expenditure
on raising		 Funds 9 131,113 131,113 135,384
Expenditure
on charitable		 aclivl ties 10,11 2.437,528 5,887 2,443,415 939,966
Total Expcndltulv. 2,568,641 5,887 2,574,528 1,075,350
Net income((expenditure) 96,165 96,165 (51,519)
Transfer between
funds
Net nlavenlent
in funds		 96,165 96,165 (51,519)
Iteconciliation
offunds
Total funds brought
forward		 736,375 736,375 787,894
Total funds carried fomvard 832,540 832,540 736,375

2022 2021
Cash flows from operating activities
Net income/
(expenditure)		 96,1G5 (51,519)
Adjustments
for:
Deprccintion oftangible
fixed assets		 1,865 2,274
Accrued cxpenscs 28,706
Cilnnges
/nl
Trade and other iicbtors (325,707) 147,520
Trade and other creditors 152,902 27,609
Cash consumed
by operations		 (74,775) 154,590
Nct cash from operating
activities		 (74,775) 154,590
Cash flows from investing activities
Purchase oftangible assets (947)
Net cash used in investing activities (947)
Net (decrease)/
increase
in		 cash and cash equivalents (75,722) 154.590
Cash and cash equivalents at beginning ofyear 616,456 461,8G6
Cash and cash equivalents at end ofyear 540,734 61/1,456

5,
Donations		 5,
Donations		 and legacies and legacies
2022 Unrestricted
fun&la		 Restricted
funds		 Total Funds
2022
K
Donations
Trusts and fuundations 2,000 2,000
General
donations		 165,993 165,993
Donations fiom Amcricml friends ofthc Acadany 13(i,518 136.518
Sponsol'ship 9,000 9,000
Grants
Grants 5,887 5,887
313,511 5,887 319,3911
2021 Unrestricted Restricted Total Funds
funds funds 2021
Donations
Trusts and foundations 12,000 17,500 29,501)
General donations 147,130 67,836 214,96()
Donations &oln American ti icnds ofthe Acadany 396,183 396,183
GiR aid 2t),863 26,863
Gl'ants
Grants 104,113 104,113
582,176 189,449 771,625

6.
Income f		 rom charitable
activities
Unrestricted Restricted Total Funds
funds funds 2022
UK Concern &Tours 97,535 97.535
Discrelionary receipts tiom overseas plon1otors 1.838.238 1,838.238
SelI-Pro(noted concerts (UK) 24.354 24.354
Rccofdh1gs 11.000 11.000
1.971.127 1,971.127
Unrestricted Restricted Total Funds
funds funds 2021
UK Concerts k Tnurs 18.157 18.157
Discretionary receipts liom overseas promotors 12.540 12.540
Learning a pal'ticipation 5.215 5.215
Self-Promoted concerts (UK) 3').841 39.841
Recnl'dings 25.027 25.027
95.565 5.215 100.780

Unrestricted Total Funds Unrestricted Total Funds
funds 2022 funds 2021
g 8
Fundrnising evmtts 12,551 12,551 19840 19,840
Royalties mtd other income 14,274 14,274 12,067 12,067
26,825 26,825 31,907 31,')07

8. Otber income
Unrestricted Total Funds Unrestricted Total Fumls
funds 2022 funds 2021
8 8
Orchestral tax rclicf 353,343 353,343 63,774 63,774
IIMRC —Job Retention Scbcme Grants 55,745 55,745
353,343 353,343 119,519 119,519
9. Expenditure on raising funds
Unrestricted Unrestricted Restricted Total Funds
funds funds 2022
8 8
Raising funds - direct coals 20,481 20,481
Raising funds - support costs 110,632 110,632
131,113 131,113
Unrestricted Restricted Total Funds
funds funds 2021
f. f.
Raising funds - direct costs 21,455 21,455
Raising funds - support costs 85,957 27,972 113,929
107,412 27,972 135,384
10 Expenditure
on cbaritable		 activities by fund type
Unrestrictetl Restricted Total Funds
funels funds 2022
8
UK concmts and tours ')2,277 92,277
Overseas concerts and tours 1,788,947 1,788,947
Learning &participation 4,468 4,468
Rccoldblgs
and comnllsslons		 78,828 78,828
Self-promoted
concerts		 54,139 54,i39
Support costs 394,985 5,887 400,872
Marketing
&Publicity		 23,884 23,884
2,437,528 5,887 2,443,415

Unrestricted Restricted Total Funds
funds funds 2021
f
UK concerts and toute 22,383 22,383
Overseas concetts and touts 1,433 1,433
Leanting &participatton 8,820 8,820
Recordings
and commissions		 67,870 1G3,492 231,362
Self-promoted
concerts		 159032 8&8704 245,737
Support costs 398,379 9,485 407,864
Marketing
dt Publicity		 22,367 22,367
671,465 268,501 939,966

11. Espenditure on Charitable Activities by activity Type
Artistic Fees Support
costs		 lslarketing
crs
Publicity		 Total fumls
2022		 Total funds
2021
e e
UK Concerts und tours 92,277 18,933 1,092 112,302 87,710
Overseas Concerts and tours 1,788,947 356,637 21,IGG 2,166,750 1,434
Learning
aml Participation		 4,468 822 53 5,343 24,757
Recordings
and Commissions		 78,828 14,509 932 94,269 400,589
SelfPromotion 54,139 9,971 641 64,751 425,47G
2,018,659 400,872 23,884 2,443,415 939,966

Unrestricted Restricted Total Funds Total Funds
funds funds 2022 2021
g 8 8
General
office		 30,244 30,244 22,305
Finance costs (23,322) (23,322) 5130
Information technology 14,945 14,945 9558
Staff costs 444,680 5,887 450,567 42'),452
Communication costs 1,989 1,989 2,642
Govm nance Costs (SccBelow) 35,216 35,216 50,433
Depreciation 1,865 1,865 '2,274
Total 505,617 5,887 511,504 521,794
Governance Costs
Unrestricted Restricted Total Funds Total Funds
funds fun)la 2022 2021
Audit 8,700 8,700 10,250
Legal k professional 6,654 6,654 15,705
Staff'costs 19862 19,8()2 24,478
Total 35,216 35,216 50,433

Office Computer Orchestral &
Theatrical		 Orchestral &
Theatrical		 Total
equipment equipment equipnient
8
Cost
At I September 2021 9,137 42 887 3,63(& 55,660
Additions 947 947
At 31 August 2022 9,137 43,834 3,636 56,607
Depreciation
At I Scptmnber 2021 8,342 41,214 3,636 53,192
Charge for the year 431 1,434 1,865
At 31August 2022 8,773 42,648 3,636 55,057
Carrying
amount
At 31August 2022 36&4 1,186 1,550
At 31 August 2021 795 1,673 2,468

2022 2021
Trade debtors 3,561 2(&,148
Prepaymcnts
and acmucd		 income 139821 9&),265
Othm debtors 417,552 109.814
560,934 235,227
horn
19. Creditors: Amounts falling slue &vithln one year
2022 2021
Trade creditors 14,766 43,163
Accruals and deferre&1 income 242,764 55,128
Social security m&d other taxes 11,52(& 11,952
Othm creditors 1,622 7,533
270,678 117,776