2023-03-31-accounts

Registered		company	number	1557490(England	and Wales)	and Wales)
Registered		charity number		290236
Directors	and Trustees:			John Appleby
				Kuntal Biswas
				Jennifer Holroyd
				Jo Langton
				Andrew Lowe
				Annabel Robinson
Company	Secretary			Peter Lanceley
Registered		office		Studio 1
				6-8Cole Street
				London
				SE14YH
Bankers				The Co-operative	Bank pic
				80Cornhill
				London
				EC3V3NU
Independent		Examiners		Lindeyer Francis Ferguson		Limited
				Chartered Accountants
				North House
				198High Street
				Tonbridge
				Kent
				TN9 1BE

	LONDON MUSICIANS'	LONDON MUSICIANS'	COlLECTIVE LIMITED
		Year ended 31stMarch 2023
		Directors' Report (continued)
Directors and their interests
The following sewed as directors	during the year ended 31		March 2023:
SAndrew	Resigned	13th November	2023
J Appleby	Appointed	6th September	2023
E Baker	Resigned	7th June 2023
K Biswas
J Holroyd
J Langton
A Lowe
A Robinson

	Note	Unrestricted	Restricted	TOTAL	TOTAL
		Funds	Funds	2023	2022
		E	E	E	E
Income from
Donations and legacies		191,258		191,258	235,219
Other trading activities:
Fundraising		12,187		12,187	280
investment income		3		3
Charftable activities
Resonance FM		24,196		24,196	8,831
Total income		227,644		227,644	244,330
Expenditure on
Raising funds		41,479		41,479	35,676
Charitable activities
Resonance FM		168,667	6,000	174,667	157,471
Projects		42,680		42,680	30,056
Total expenditure		252,826	6,000	258,826	223,203
Net income / (expenditure)		(25,182)	(6,000)	(31,182)	21,127
Reconciliation offunds:
Total funds brought forward		39,973	6,000	45,973	24,846
Total funds carried forward	15	14,791		14,791	45,973

					Year	ended 31stMarch 2023
						Balance Sheet
					Notes	2023		2022
Fixed assets
Tangible assets					12		2,145		3,348
Current assets
Stock						1,015		1,015
Debtors: amounts		falling			13	26,757		11,120
due within	one year
Cash at bank	and in		hand			791		44,258
						28,563		56,393
Creditors - amounts			falling		14	(15,917)		(18,768)
due within	one year
Net current	assets						12,646		37,625
Total assets	less current			liabilities			14,791		40,973
Debtors: amounts		falling		due after one year					5,000
Net assets							14,791		45,973
Funds					15,16
Unrestricted	funds						14,791		39,973
Restricted funds									6,000
Total funds							14.791		49,979

4		Investment	Income	Income
		Bank interest
5		Income from		charitable		activities		2023	2023	2023	2022
								Unrestricted	Restricted	Total	Total
								E	E	E	E
		Radio station		income		Resonance	FM	24,196		24,196	8,831
								24,196		24,196	8,831
		There was	no	restricted		income from	charitable	activities in the	comparative period.
6		Raising funds					202$	2023	202$	2023	2022
						Staff Costs		Direct Costs	Support Costs	Total	Total
							E	E	E	E	E
							27,887	6,502	7,090	41,479	35,676
7		Charitable	activities				2023	2023	2023	2023	2022
						Staff Costs		Direct Costs	Support Costs	Total	Total
							E	E	E	E	E
		Resonance	FM			105,911		41,825	26,931	174,667	157,471
	.	.Proiects					25,575	10,602	6,503	42,680	30,056
						131,4$6		52,427	33,4$4	217,347	187,527
								Unrestricted	Restricted	2023	2022
										Total	Total
										E	E
		Raising funds						41,479		41,479	35,676
		Costs ofcharitable			activities:
		Resonance		FM				168,667	6,000	174,667	157,471
		Projects						42,680		42,680	30,056
								211,347	6,000	217,347	187,527
		Total expenditure						252,826	6,000	258,826	223,203

				Year ended	31stMarch	2023
				Notes tothe financial	statements	(continued)
8	Analysis ofsupport costs			2023	2023	2023	2023	2022
				Premises	Financial	Office	Total	Total
				costs	&legal	admin
				E	E	E
	Raising funds			4,778	1,382	930	7,090	8,733
	Charitable	activities:
	Resonance		FM	18,148	5,249	3,534	26,931	30,631
	Projects			4,382	1,267	854	6,503	7,442
				22,530	6,516	4,388		38,073

9	Net Income /	(expenditure)		2023	2022
				E	E
	Net income /	(expenditure)	is stated after charging / (crediting):
	Fees paid to independent		Examiner
	Examination	fee		1,600	1,500
	Payroll and	other fees		740	725
	Operating leases			20,787	26,323
	Depreciation	-owned assets		1,203	1,313

11	Staff costs		2023	2022
			E	f
	Salaries		137,787	122,461
	Social security costs		10,053	8,436
	Pension costs		4,133	3,674
	Freelance fees		7,400	7,200
			159,373	141,771
	No member ofstaff earned overf60,000	for the financial year (2022 - Nil).
	The average weekly number ofemployees	during the year was as follows:	2023	2022
	Management		1.0	1.0
	Production		1.0	1.0
	Engineers		1.0	1.0
12	Tangible fixed assets		Fixtures and
			Fittings
			E
	Cost
	At 1stApril 2022		35,001
	Additions
	Disposals
	At 31st March 2023		35,001
	Depreciation
	At 1st April 2022		31,653
	On disposals
	Charge for the year		1,203
	At 31st March 2023		32,856
	Net book value
	At 31st March 2023		2,145
	At 31st March 2022

13	Debtors												2023	2022
													f	f
	Amounts falling	due within one year
	Trade debtors
	Other debtors												14,298	3,323
	Prepayments	and		accrued	income								12,459	7,797
	Amounts falling	due in more than					one year
	Other debtors													5,000
													26,767	16,126
14	Creditors: amounts			falling due within				one year					2023	2022
													E	E
	Trade creditors													816
	Social security	and		other taxes									5,149	3,769
	Accrued expenses			and deferred		income							10,768	14,183
													15,917	18,768
	Deferred Income
	Where terms or conditions have					not		been met or		uncertainty		exists asto whether	they can be met then the
	relevant income	is	not recognised				in	the	year but	deferred	and shown on the balance sheet as deferred
	income.
	Income deferred			from the previous				period					4,500
	Released to the		statement		offinancial				activities				(4,500)
	Arising during	the current			year:
	Broadcast fees			received	in advance									4,500
														4,500
15	Movement In funds			- Current Year									Net
								1Apr		Incoming		Resources	movement	31Mar
								2022		resources		expended	in funds	2023
									f		E	E	f	E
	Unrestricted Funds
	General fund							39,973		227,644		(252,826)	(25,182)	14,791
	Restricted Funds
	Studio premises		refit					6,000				(6,000)	(6,000)
	Total funds							45,973		227,644		(258,826)	(31,182)	14,791

Movementinfunds-	Prior	Year				Net
			1Apr	Incoming	Resources	movement	31Mar
			2021	resources	expended	in funds	2022
			E	E	E	E	E
Unrestricted Funds
General fund			24,846	238,330	(223,203)	15,127	39,973
Restricted Funds
Studio premises	refit			6,000		6,000	6,000
Total funds			24.040	244,990	i272,209)	21,127	49,979
Analysis ofnet assets between funds
				2023	2023	2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				E	E	E	E
Tangible fixed assets				2,145		2,145	3,348
Net current assets				12,646		12,646	42,625
				14,791		14,791	45,973

	2023	2023	2022	2022
	E	E	E	E
	Land and	Other	Land and	Other
	buildings		buildings
Due:
Within 1year	5,000	5,636	5,000	5,636
Between 2 and 5years			417	5,636
Total	5,000	5,636	5,417	11,272