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|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<br>Lowe|||
|||||Annabel<br>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<br>Accountants|||
|||||North House|||
|||||198High Street|||
|||||Tonbridge|||
|||||Kent|||
|||||TN9 1BE|||





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||LONDON<br>MUSICIANS'|LONDON<br>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||||







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||Note|Unrestricted|Restricted|TOTAL|TOTAL|
|---|---|---|---|---|---|
|||Funds|Funds|2023|2022|
|||E|E|E|E|
|Income from||||||
|Donations<br>and legacies||191,258||191,258|235,219|
|Other trading activities:||||||
|Fundraising||12,187||12,187|280|
|investment<br>income||3||3||
|Charftable<br>activities||||||
|Resonance<br>FM||24,196||24,196|8,831|
|Total income||227,644||227,644|244,330|
|Expenditure<br>on||||||
|Raising funds||41,479||41,479|35,676|
|Charitable<br>activities||||||
|Resonance<br>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<br>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|






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|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<br>in the|comparative<br>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|



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|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<br>leases|||20,787|26,323|
||Depreciation|-owned assets||1,203|1,313|



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|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||||





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|13|Debtors||||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||f|f|
||Amounts<br>falling|due within one year|||||||||||||
||Trade debtors||||||||||||||
||Other debtors||||||||||||14,298|3,323|
||Prepayments|and||accrued|income||||||||12,459|7,797|
||Amounts<br>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<br>have|||||not||been met or||uncertainty||exists asto whether|they can be met then the||
||relevant<br>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<br>In funds|||- Current Year|||||||||Net||
|||||||||1Apr||Incoming||Resources|movement|31Mar|
|||||||||2022||resources||expended|in funds|2023|
||||||||||f||E|E|f|E|
||Unrestricted<br>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|





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|||||||||
|---|---|---|---|---|---|---|---|
|Movementinfunds-|Prior|Year||||Net||
||||1Apr|Incoming|Resources|movement|31Mar|
||||2021|resources|expended|in funds|2022|
||||E|E|E|E|E|
|Unrestricted<br>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|



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||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|



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