## ## ## |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
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0lE0DC| ## ## ## |||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
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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| |||||||||o
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0|| ## ## ## |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||