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|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||||
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|||||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|
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|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|
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|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|
##
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||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|
##
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||||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|
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|||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|
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