2022-07-31-accounts

Trustees		J Bond
		I Ritchie
		P Rivers
		Professor	M Maden
		Dr PJAlsop		(Appointed	19July 2022'
Secretary		R Dawson
Charity number		289324
Company	number	1806898
Registered	office	One StAldates
		Oxford
		OX1 1DE
Auditor		Critchleys	Audit LLP
		Beaver House
		23-38 Hythe Bridge Street
		Oxford
		Oxi 2EP
Bankers		Lloyds Bank pic
		1-5High Street
		Oxford
		OX1 4AA

			Page
Chair's statement
Trustees' report			2-5
Statement ofTrustees'	responsibilities
Independent auditor's	report		7-9
Statement offinancial	activities		10-11
Summary income and	expenditure	account	12
Balance sheet			13
Statement ofcash flows			14
Notes to the financial	statements		15-24

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		All income funds
		2022 f.	2021f
Gross income		318,760	109,488
(Losses)/gains on	investments		51,039
Transfer from/(to)	endowment funds	35,000	(359,912)
Total income in the reporting period		353,760	(199,385)
Total expenditure	from income funds	324,883	142,532
Net income/(expenditure) forthe year		28,877	(341,917)

					2022		2021
						as	restated
				Notes			f
Fixed assets
Intangible assets				10	25,632			32,040
Tangible assets				11	6,386			1,864
Investments				12	1,451,183			359,912
					1,483,201			393,816
Current assets
Debtors				13	7,348	6,359
Cash at bank and	in	hand			48,202	14,692
					55,550	21,051
Creditors: amounts one year		falling due within		14	(20,393)	{16,657)
Net current assets					35,157			4,394
Total assets less	current		liabilities		1,518,358			398,210
Capital funds
Expendable Endowment			Fund		1,451,183			359,912
Income funds
Restricted funds					2,500
Unrestricted funds	-	general			64,675			38,298
					1,518,358			398,210
The financial statem		ts were approved		by the Trustees	n ~f- r .I on ...at. i. ........~/rtrsgt	2.srs X

				2022		2021
			Notes	f
Cash flows from operating		activities
Cash generated from/{absorbed by) operations			17		1,138,330		(16,452)
Investing	activities
Purchase	ofintangible assets					{32,040)
Purchase	oftangible fixed assets			(7,078)
Purchase	ofinvestments			(1,150,385)		(310)
Proceeds	from disposal of investments			43,501		23,616
Investment	income received			9,142		8
Net cash	used in investing	activities			(1,104,820)		(8,726)
Net cash	used in financing	activities
Net increase/(decrease) in cash and cash equivalents					33,510		(25,178)
Cash and	cash equivalents	at beginning	ofyear		14,692		39,870
Cash and	cash equivalents	at end ofyear			48,202		14,692

Interest re	ceivable
		Unrestricted	Unrestricted
		funds	funds
		general	general
		2022	2021
Investment	income	9,142
Interest receivable
		9,142

Other	income
		Unrestricted	Endowment	Total	Unrestricted
		funds	funds		funds
		general			general
		2022			2021
		f.			E
Other	income	5,429	385	5,814	2,246

4	Other income
5	Raising funds
	Investment management

	(Continued)
Endowment	Total
funds
2022	2021
	F
8,501
8,501

Charitable activities
			Concert programme	Support costs	Total 2022	Concert programme	Support costs	Total 2021
			2022	2022		2021	2021
				Z	f
Depreciation and am ortisation			4,990	3,975	8,965	1,169	932	2,101
Staff Costs			51,189	40,826	92,015	40,535	32,330	72,865
Rent, rates, insurance electricity		and	13,103	10,452	23,555	9,961	7,945	17,906
Postage, telephone stationery	and		3,125	2,495	5,620	2,746	2,191	4,937
Travel and subsistence			1,975	1,574	3,549	631	503	1,134
Office equipment / IT			5,130	4,093	9,223	6,976	5,566	12,542
Accountancy and legal expenses			7,320	13,389	20,709	3,748	2,987	6,735
Bank charges, fees, charge	service		469	374	843	225	179	404
Miscellaneous expenses			10,995	8,772	19,767	2,974	2,374	5,348
Auditor remuneration			6,696	4,554	11,250	3,426	2,732	6,158
Artist and concert
management fees			100,547		100,547	9,834		9,834
Commissions			9,910		9,910	2,568		2,568
Hire costs			18,930		18,930
			234,379	90,504	324,883	84,793	57,739	142,532
			234,379	90,504	324,883	84,793	57,739	142,532

2022	2021
Number	Number

9	Net gains	l(l	osses) on investments
				Endowment	Unrestricted
				funds	funds
					general
				2022	2021
				R
	Revaluation		ofinvestments	(15,613)	51,039
10	Intangible	fixed assets
					Website
	Cost
	At 1 August		2021 and 31 July 2022		32,040
	Amortisation		and impairment
	At 1 August		2021
	Amortisation		charged for the year		6,408
	At 31 July	2022			6,408
	Carrying	amount
	At 31 July	2022			25,632
	At 31 July	2021			32,040

11	Tangible	fixed assets
					Fixtures and	Office	Total
					fittings	eguipinent
	Cost
	At 1 August 2021					10,771	10,771
	Additions				4,474	2,604	7,078
	At 31 July	2022			4,474	13,375	17,849
	Depreciation and impairment
	At 1 August 2021					8,907	8,907
	Depreciation charged		in	the year	722	1,834	2,556
	At 31 July	2022			722	10,?41	11,463
	Carrying	amount
	At 31 July	2022			3,752	2,634	6,386
	At 31 July	2021				1,864	1,864
12	Fixed asset investments
							2021
	Cost or valuation
	At 1August 2021						359,912
	Additions						1,150,385
	Valuation	changes					(15,613)
	Investment	Management		fees			(8,500)
	Disposals						(35,000)
	At 31 July	2022					1,451,184
	Carrying	amount
	At 31 July	2022					1,451,184
	At 31 July	2021					358,735

13	Debtors
	Amounts falling due within one year:		2022f	2021
	Other debtors		3,905	2,889
	Prepayments	and accrued income	3,443	3,470
			7,348	6,359

14	Creditors: amounts	falling due within one year
			2022	2021
	Other creditors		390	145
	Accruals and deferred	income	20,003	16,512
			20,393	16,657

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16	Related party transactions	Related party transactions
	There were no disclosable			related		party		transactions	during	the year	other	than	the trustee	donations
	disclosed in note 7 (2021 - none).
17	Cash generated from	operations											2022f
	Surplus for the year											1,120,147		17,995
	Adjustments for:
	Investment income recognised			in statement				offinancial	activities				(9,142)	(8)
	Fair value gains and losses on investments												15,613	(51,039)
	Depreciation and impairment		oftangible				fixed assets						8,965	2,101
	Movements in working	capital:
	(Increase)/decrease in	debtors											(989)	7,016
	Increase in creditors												3,736	7,483
	Cash generated froml(absorbed				by)	operations						1,138,330		(16,452)
18	Analysis ofchanges	in net funds
	The charity had no debt during			the	year.
19	Prior period adjustment
	Changes to the balance sheet
											At	31July 2021
										As previously		Adjustment		As restated
										reported
											E
	Fixed assets
	Other intangibles												32,040	32,040
	Tangible assets									33,904			(32,040)	1,864
	Net assets									398,210				398,210
	Capital funds
	Endowment funds									359,912				359,912
	Income funds
	Unrestricted funds									38,298				38,298
							Total equity			398,210				398,210

		At	31July 2021
As	previously		Adjustment	As restated
	reported
			K