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|||||Page||
|---|---|---|---|---|---|
|Reference and Administrative||Details|1|to|2|
|Chairman's
Report||||||
|Report ofthe Trustees|||4|to|14|
|Independent
Examiner's|Report|||15||
|Statement ofFinancial|Activities|||||
|I9slsnce Sheet|||'ll|to|18|
|Cash Flow Statement||||||
|Notes tothe Cash Flow|Statement|||20||
|Notes to the Financial Statements|||21|to|33|
|Detailed Statement ofFinancial||Acdvlties|34|to|35|
##
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||||||
|---|---|---|---|---|
|COMPANY SECRETARY||Miss S M Penn|||
|CHIEF EXECUTIVE||Ms LA Galliard|||
|REGISTERED OFFICE||Unit 11|||
|||Robinson
Industrial||Estate|
|||Shaftesbury|Street||
|||Derby|||
|||Derbyshire|||
|||DE23 8NL|||
|REGISTERED COMPANY||01879552(England||and Wales)|
|NUMBER|||||
|REGISTERED CHARITY||291046|||
|NUMBER|||||
|ACCOUNTANTS||Bates Weston LLP|||
|||Chartered
Accountants|||
|||.The Mills|||
|||Canal Street|||
|||Derby|||
|||DE1 2RJ|||
|INDEPENDENT|EXAMINER|A P Monis FCA|||
|||Dains Audit|Ltd||
|||StJohns Court|||
|||Wiitell Road|||
|||Lichfield|||
|||Staffordshire|||
|||WS14 gDS|||
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|||r|Year E|nded 31 M|2023|||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||Unrestricted|Restrtcted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes||5|6|6|
|INCOME AND ENDOWMENTS||FROM||||||
|Denature
and legacies|||3|28,286|75,096|103,382|14,766|
|Charitable
activities||||||||
|Engagements,
hcket sales|and|education||||||
|projects||||92,863|133,505|226,368|208,450|
|Grants from public bodies||||205,642||205,642|286,642|
|Sponsorship||||25,000||25,000|15,000|
|Other trading
activeies||||6,765||6,765|16,193|
|Investmsnt
income||||654||654|6|
|Total||||359,210|208,601|567,811|521,057|
|EXPENDITURE ON||||||||
|Raising funds|||7|4'I,088||41,088|38,804|
|Charitable
activities||||||||
|Expenditure
on charitable|acbvihes|||175,254|221,857|397,111|496,499|
|Other||||179,329|5,850|185,179|133,401|
|Total||||395,671|227,707|623,378|668,704|
|Orchestra tax relief||||36,836||36.836|37,517|
|NET INCOME/(EXPENDITURE)||||375|(19,106)|(18,731)|(110,130)|
|Transfers between funds|||18|(18,266)|18,266|||
|Net movement
in funds||||(17,891)|(840)|(18,731)|(110,130)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought
forward||||191,291|59,846|251,137|361,267|
|TOTAL FUNDS CARRIED FORWARD||||173,400|59,006|232,406|251.137|
||
Tradin
as|
Slnfonla Ylvs||||
|---|---|---|---|---|---|
||~el|Sk||||
||31 March 2023|||||
|||||2023|2022|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|5|6|6|6|
|FIXEDASSETS||||||
|Tangible assets|14|19,590||19,590|33,310|
|CURRENT ASSETS||||||
|Debtors|15|115,762||115,762|75.598|
|Cash at bank||94,486|59,006|153.491|198,540|
|||210,247|59,006|269,253|274,138|
|CREDITORS||||||
|Amounts
falling due within one year|16|(56,437)||(56,437)|(56,311)|
|NET CURRENT ASSETS||153,810|59,006|212,816|217,827|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||173,400|59,006|232,406|251,137|
|NET ASSETS||173,400|59,006|232,406|251,137|
|FUNDS|16|||||
|Unrestricted
funds||||173,400|191,291|
|Restricted funds||||58,006|59,846|
|TOTAL FUNDS||||232.406|251,137|
##
##
|||||
Tradin
as Sin onia Viva|
Tradin
as Sin onia Viva|
Tradin
as Sin onia Viva|||
|---|---|---|---|---|---|---|---|---|
|||||WC~o~gderng(t(|||||
||||for|the|ear E d|31|2023||
||||||||2023|2022|
|||||Notes||||5|
|Cash flows from|operating|activities|||||||
|Cash generated
from operations||||1|||(90,305)|(172,576)|
|Taxation refunded|||||||37,517|41,881|
|Net cash used
in|operating|activities|||||(52,788)|(130,695)|
|Cash flows from|investing|activities|||||||
|Purchase
ot tangible
fixed assets||||||||(6,456)|
|Sale oftangibk
fixed assets|||||||7,085||
|Interest received|||||||654|6|
|Nst cash provided|by/(used|in) investing||activities|||7,739|(6,450)|
|Change
in cash|and cash|equivalents|||||||
|in the reporting|period||||||(45,049)|(137,145)|
|Cash and cash equivalents||at the|||||||
|beginning
ofthe|reporting|period|||||198,540|335,685|
|Cash and cash equivalents||at the|end||||||
|ofthe reporting|period||||||153,491|198,540|
##
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##
||RECONCIUATION
ACTIVITIES|OF N|ET EXPE|NDITURE TO NET CASH FLOW FR|OM OPERATIN|G|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||f|F|
||Net expenditure
for|the reporting||period (as per the Statement|||
||ofFinancial Activities)||||(18,731)|(110,130)|
||Adjustments
for:
Depreciation
charges||||9,825|7,673|
||Orchestra
tax relief||||(36,836)|(37,517)|
||Profit on disposal of fixed||assets||(3,190)||
||interest received||||(654)|(6)|
||(Increase)/decrease|in debtors|||(40,845)|20,657|
||Increase/(decrease)|in creditors|||126|(53,253)|
||Net cash used in operations||||(90,305)|(172,576)|
|2.|ANALYSIS OF CHANGES||IN NET|FUNDS|||
|||||At 1.4.22|Cash gow|At 31.3.23|
|||||||F|
||Net cash||||||
||Cash at bank|||198,540|(45,049)|153,491|
|||||198,540|(45,049)|153,491|
||Total|||198,540|(45,049)|153.491|
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||||2023|2022|
|---|---|---|---|---|
||||f|6|
||Equipment|hire|3.575|16,193|
||Equipment|sales|3,190||
||||6,765|16,193|
|6.|INVESTMENT INCOME||||
||||2023|2022|
||||6||
||Deposit account interest||654|6|
|6.|INCOME FROM CHARITABLE ACTIVITIES||||
||||2023|2022|
||Income from engagements||157,863|208,450|
||Other grants||68,505||
||Grants from|public bodies|205,642|266,642|
||Sponsorship||25,000|15,000|
||||457,010|490,092|
##
##
|Raising don|ations
and legacies|||
|---|---|---|---|
|||2023
6|2022
f|
|Staffcosts||37,919|34,933|
|Staff expenses||120||
|Fundraising|costs|3,049|2,054|
|Development|cost core activity||1,817|
|||41,088|38,804|
##
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|||2023|2022|
|---|---|---|---|
|||f||
|Depreciation|-owned assets|9,825|7.673|
|Operating
leases - rent ofpremises||14,000|12,330|
|Independent|examiners fee|1,500|1,375|
##
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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2023|2022
f|
|Wages and salaries||||235,710|216,631|
|Social security costs||||19,541|13,794|
|Other pension costs||||5,556|4,542|
|||||260,807|234,967|
|The average
monthly|number|ofemployees|during the year was as follows.|||
|||||2023|2022|
|Fundrarsing||||1|1|
|Charitable
activities||||5|5|
|Support||||2|2|
##
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##
|Key management
personnel
remuneration
for the year was 5140,653 (2022|Key management
personnel
remuneration
for the year was 5140,653 (2022|Key management
personnel
remuneration
for the year was 5140,653 (2022|Key management
personnel
remuneration
for the year was 5140,653 (2022|:894,150).||
|---|---|---|---|---|---|
|STATEMENT OF FINANCIAL ACTIVITIES TO 31 MARCH 2022||||||
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||||E|5||
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||4,534|10,232|14,766|
|Charitable
activities||||||
|Engagements,
ticket sales
projects
Grants from public bodies|and|education|109,232
230,642|99,218
36,000|208,450
266,642|
|Sponsorship|||15,000||15,000|
|Other trading
activities|||16,193||16,193|
|Investment
income|||6||6|
|Total|||375,607|145,450|521,057|
|EXPENDITURE ON||||||
|Raising funds|||38,804||38,804|
|Charitable
activities||||||
|Expenditure
on charitable|activities||188,566|307,933|496,499|
|Other|||127,551|5,850|133,401|
|Total|||354,921|313,783|668,704|
|Orchestra
tax relief|||37,517||37,517|
|NET INCOME/(EXPENDITURE)|||58,203|(168,333)|(110,130)|
|Transfers
between funds|||(12,606)|12,606||
|Net movement
in funds|||45,597|(155,727)|(110,130)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward|||145,694|215,573|361,267|
|TOTAL FUNDS CARRIED FORWARD|||191,291|59,846|251.137|
##
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|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
||Leasehold||Motor|Computer||
||improvements|Equipment|vehicles|equipment|Totals|
|||6|5|6||
|COST||||||
|At 1 April 2022|29,727|28.363|10,000|6,456|74,546|
|Disposals||(7,790)|||(7,790)|
|At 31 March 2023|29,727|20,573|10,000|6,456|66,756|
|DEPRECIATION||||||
|At 1 April 2022|29,727|8,509|3,000||41,236|
|Charge for year||5,673|2.000|2,152|9,825|
|Eliminated
on disposal||(3,895)|||(3,895)|
|At 31 March 2023|29,727|10,287|5,000|2,152|47,166|
|NET BOOK VALUE||||||
|At 31 March 2023||10,286|5,000|4,304|19,590|
|At 31 March 2022||19,854|7.000|6,456|33,310|
##
##
|DEBTORS:A|MOUNTS
FALUNG DUE WITHIN ONE|YEAR||
|---|---|---|---|
|||2023|2022|
|||F|5|
|Trade debtors||65,213|22,090|
|Other debtors||1,369|2,807|
|Tsx||36,836|40,228|
|Prepayments|and accrued income|12,344|10,473|
|||115.762|75.598|
##
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|CREDITORS: AMOUN|TS
FALUNG DUE WITHIN ON|E YEAR||
|---|---|---|---|
|||2023|2022|
|||8||
|Trade creditors||31,886|26.695|
|Social secunty and other taxes||15,018|9,709|
|Other creditors||2,790|3,790|
|Accruals and deferred|income|6,743|16,117|
|||56,437|56,311|
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|MOVEMENT|IN FUNDS||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.22|in funds|funds|31.3.23|
|||||||8|
|Unrestricted|funds||||||
|General fund|||191,291|375|(18,266)|173,400|
|Restdcted funds|||||||
|Restricted fund|||59,846|(19,106)|18,266|59,006|
|TOTAL FUNDS|||251,137|(18,731)||232,406|
|Net movement|in funds,|included|in the above are as follows:||||
||||Incoming|Resources|Orchestra|Movement|
||||resources|expended|tax relief|in funds|
|||||6|6||
|Unrestricted|funds||||||
|General fund|||359,210|(395,671)|36,836|375|
|Restricted funds|||||||
|Restricted
fund|||208,601|(227,707)||(19,106)|
|TOTAL FUNDS|||567,811|(623,378)|36,836|(18,731)|
##
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|Comparatives|for moveme|nt
in fun|ds|||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||ITI0veITIeflt|between|At|
|||||At 1.4.21|in funds|funds|31.3.22|
|||||E||E|E|
|Unrestricted|funds|||||||
|General fund||||145,694|58,203|(12,606)|191,291|
|Restricted funds||||||||
|Restricted fund||||215,573|(168,333)|12,606|59,846|
|TOTAL FUNDS||||361,267|(110,130)||251,137|
|Comparative|net movement|in funds,|included|in the above|are as follows:|||
|||||Incoming|Resources|Orchestra|Movement|
|||||resources|expended|taX relief|in funds|
|||||E||E|E|
|Unrestricted|funds|||||||
|General fund||||375,607|(354,921)|37,517|58,203|
|Restricted funds||||||||
|Restricted fund||||145,450|(313,783)||(168,333)|
|TOTALFUNDS||||521,057|(668,704)|37,517|(110,130)|
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|||||Trsdln
as|Sinfon|ia Viva||||
|---|---|---|---|---|---|---|---|---|---|
|||||Detailed Ststems|o|i|ivities|||
|||||ort eYear Ended 31 March|||2023|||
|||||||||2023|2022|
|||||||||F||
|INCOME AND|ENDOWMENTS|||||||||
|Donations snd||legacies||||||||
|Donations||||||||4,336|3,919|
|Gift aid||||||||(948)|615|
|Legacies||||||||5,098||
|Grants||||||||94,896|10,232|
|||||||||103,382|14,766|
|Other trading|activities|||||||||
|Equipment
hire||||||||3,575|16,193|
|Equipment
sales||||||||3,190||
|||||||||6,765|16,193|
|Investllleltt
Inconle||||||||||
|Deposit account||interest||||||||
|Charitable
activities||||||||||
|income from engagements||||||||157,863|208,450|
|Grants||||||||274,147|266,642|
|Sponsorship||||||||25,000|15,000|
|||||||||457,010|490,092|
|Total Incoming||resources||||||567,811|521,057|
|EXPENDITURE||||||||||
|Raising donations|||snd legacies|||||||
|Wages||||||||33,554|32,207|
|Social security||||||||3,546|2,051|
|Pensions||||||||819|675|
|Staff expenses||||||||120||
|Fundraising
costs||||||||3,049|2,054|
|Development
cost core activity|||||||||1,817|
|||||||||41,088|38,804|
|Charitable
activities||||||||||
|Wages||||||||105,808|114,413|
|Social security||||||||10,756|7.285|
|Pensions||||||||2,518|2,399|
|Music hire snd|licences|||||||18,369|20,744|
|Venue hire||||||||15,566|22,349|
|Musician, soioists, conductors||||and||||||
|engagement
costs||||||||243,405|305,029|
|Staff expenses||||||||689||
|Carried forward||||||||397,111|472,219|
##
|||||||Activities|||
|---|---|---|---|---|---|---|---|---|
||||r|e e r|a|h 2023|||
||||||||2023|2022|
|Charitable
activities|||||||||
|Brought forward|||||||397,111|472,219|
|Irrecoverable
VAT||||||||1,161|
||||||||397,111|473,380|
|Other|||||||||
|Irrecoverable
VAT|||||||1,317|582|
|Support costs|||||||||
|Management|||||||||
|Wages|||||||96,348|70,011|
|Social security|||||||6,239|4,458|
|Pensions|||||||2,219|1,468|
|Staff expenses|||||||1,002||
||||||||104,808|75,937|
|Finance|||||||||
|Bank charges|||||||293|255|
|Financial management|||||||6,380|15,540|
|Accountancy
8, ind. exam|||||||4,890|5,185|
||||||||11,563|20,980|
|Human resources|||||||||
|Staff recruitment|||||||823||
|Other|||||||||
|Rent|||||||14,000|12,330|
|Rates and water|||||||285||
|Insurance|||||||11.969|9,513|
|Light and heat|||||||2,057||
|Telephone|||||||586||
|Postage and stationery|||||||296||
|General office|costs||||||6,731|18,589|
|Computer costs|||||||2,966||
|Vehicle costs|||||||1,967|2,419|
|Subsciiptione|||||||3,390||
|Slaff training|||||||3,040||
|Marketing
& public relations
Depreciation
of tangible
fixed assets|||||||9,556
9,825|8,497
7,673|
||||||||66,668|59,021|
|Total resources|expended||||||623,378|668,704|
||||||||(55,567)|(147,647)|
|Orchestra
Tax|Relief||||||||
|Orchestm Tax Relief|||||||36,836|37,517|
|Net expenditure|||||||(18,731)|(110,130)|