|||Pages|
|---|---|---|
|Trustees'<br>Annual Report||2to 4|
|Independent<br>Examiner's<br>Report|||
|Statement of Financial Activities|||
|Summary<br>Income and Expenditure|Account||
|Balance Sheet|||
|Notes tothe Accounts||9to 17|
|Detailed Statement of Financial Activities||18to 19|





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|for the year||ended 31March|2023|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
|||||2023|2023|2023|2022|
||||Notes||E|f||
|Income and||endowments||||||
|from:||||||||
|Donations||and legacies||189,958||189,958||
|Charitable||activities||14,904||14,904|28,216|
|Investments||||1,942||1,942|3,556|
|Other|||||||29,726|
|Total||||206,804||206,804|61,498|
|Expenditure||on:||||||
|Charitable|activities|||30,429||30,429|8,740|
|Other||||233,002|875|233,877|221,940|
|Total||||263,431|875|264,306|230,680|
|Net gains on||investments||||||
|Net expenditure|||10|(56,627)|(875)|(57,502)|(169,182)|
|Transfers between<br>funds||||||||
|Net expenditure<br>before other||||||||
|gains/(losses)||||(56,627)|(875)|(57,502)|(169,182)|
|Other gains and losses||||||||
|Net movement<br>in funds||||(56,627)|(875)|(57,502)|(169,182)|
|Reconciliation||offunds:||||||
|Total funds brought forward||||1,754,885|16,129|1,771,014|1,940,196|
|Total funds carded forward||||1,698,258|15,254|1,713,512|1,771,014|





||||2023|2022|
|---|---|---|---|---|
||||E|f|
|Income|||204,862|57,942|
|Interest and|investment<br>income||1,942|3,556|
|Gross income for||the year|206,804|61,498|
|Expenditure|||251,623|193,583|
|Depreciation|and|charges for|||
|impairment|offixed assets||12,683|37,097|
|Total expenditure||forthe year|264,306|230,680|
|Net expenditure||before tax forthe year|(57,502)|(169,182)|
|Net expenditure||forthe year|(57,502)|(169,182)|








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|Fund accoun|Fund accoun|ting|ting||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted||funds||These are available for use at the discretion ofthe trustees||in furtherance||of|
|||||the general objects ofthe charity.|||||
|||||These are unrestricted<br>funds earmarked<br>by the trustees|for particular||||
|Designated||funds||purposes.|||||
|Revaluation||funds||These are unrestricted<br>funds which include a revaluation|reserve representing||||
|||||the restatement<br>ofinvestment<br>assets at their market values.|||||
|Restricted|funds|||These are available for use subject to restrictions<br>imposed||by the donor|or||
|||||through terms ofan appeal.|||||
|Income|||||||||
|Recognition||of||Income is included<br>in the Statement of Financial Activities||(SoFA) when the|||
|income||||charity becomes entitled to, and virtually<br>certain to receive, the income|||and||
|||||the amount ofthe income can be measured<br>with sufficient||reliability.|||
|Income with||related||Where income has related expenditure<br>the income and|related expenditure|||is|
|expenditure||||reported gross in the SoFA,|||||
|Donations|and|||Voluntary<br>income received<br>by way of grants, donations|and gifts is included|||in|
|legacies||||the the SoFA when receivable and<br>only when the Charity has unconditional|||||
|||||entitlement<br>tothe income.|||||
|Tax reclaims||on||Income from tax reclaims<br>is included<br>in the SoFA at the|same time asthe||||
|donations|and||gifts|gift/donation<br>to which<br>it relates.|||||
|Donated services||||These are only included<br>in income (with an equivalent<br>amount<br>in expenditure)|||||
|and facilities||||where the benefit tothe Charity<br>is reasonably<br>quantifiable,||measurable|and||
|||||material.|||||
|Volunteer|help|||The value of any volunteer<br>help received<br>is not included|in|the accounts.|||
|Investment||income||This is included<br>in the accounts when receivable.|||||
|Gains/(losses)|||on|This includes<br>any gain or loss resulting<br>from revaluing<br>investments<br>to market|||||
|revaluation||of|fixed|value at the end ofthe year.|||||
|assets|||||||||
|Gains/(losses)|||on|This includes<br>any gain or loss on the sale of investments.|||||
|investment||assets|||||||





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||||||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|
||||||funds|funds|Total funds|
||||||2022|2022|2022|
||||||f|f||
|Income and|endowments|||from:||||
|Charitable||activities|||28,216||28,216|
|Investments|||||3,556||3,556|
|Other|||||29,726||29,726|
|To~a(|||||61,498||61,498|
|Expenditure|on:|||||||
|Charitable||activities|||8,740||8,740|
|Other|||||221,035|905|221,940|
|Total|||||229,775|905|230,680|
|Net income|||||(168,277)|(905)|(169,182)|
|Net income before|||other|||||
|gains/(losses)|||||(168,277)|(905)|(169,182)|
|Other gains and losses:||||||||
|Net movement||in funds|||(168,277)|(905)|(169,182)|
|Reconciliation|offunds:|||||||
|Total funds brought|||forward||1,923,162|17,034|1,940,196|
|Total funds carried|||forward||1,754,885|16,129|1,771,014|





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||income from d|onations<br>a|nd|legacies||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total|Total|
|||||||2023|2022|
||||||E|E||
||Grants received||||189,958|189,958||
||||||189,958|189,958||
||Donated goods, facilities||and services received|||Total|Total|
|||||||2023|2022|
|||||||E|E|
||Grants received|||||189,958||
|||||||189,998||
|5|Income from|charitable|activities|||||
||||||Unrestricted|Total|Total|
|||||||2023|2022|
||||||E|||
||Advancement|ofeducation|||14,904|14,904|28,216|
||||||14,904|14,904|28,216|
|6|Income from|investments||||||
||||||Unrestricted|Total|Total|
|||||||2023|2022|
||Deposit account interest||||1,942<br>1,942|1,942<br>'1,942|3,556<br>3,556|
|7|Other income|||||||
|||||||Total|Total|
|||||||2023|2022|
|||||||E|E|
||Covid grants|received|||||29,726<br>29,726|
|8|Expenditure|on charitable||activities|Unrestricted|Total|Total|
|||||||2023|2022|
||Expenditure|on charitable||||||
||activities|||||||
||Advancement|ofeducation|||30,429|30,429|8,740|
||Governance|costs||||||
||||||30,429|30,429|8,740|





## 

|9|Other expenditure||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Total|Total|
||||||||2023|2022|
||Advertising<br>and website||||||||
||costs||||32,295||32,295|22,361|
||Employee costs||||151,752||151,752|123,692|
||Motor and travel costs|||||||270|
||Premises costs||||25,964||25,964|28,821|
||Amortisation,<br>depreciation,||||||||
||impairment,<br>profit/loss||on||11,808|875|12,683|37,097|
||disposal offixed assets||||||||
||General administrative|costs|||9,676||9,676|8,316|
||Legal and professional|costs|||1,507||1,507|1,383|
|||||233,002||875|233,877|221,940|
|10|hlet expenditure<br>before||transfers||||||
|||||||2023||2022|
||This is stated after charging:|||||E||E|
||Depreciation<br>ofowned|fixed assets||||12,683||38,090|
||Independent<br>Examiner's||fee|||1,507||1,383|
|11|Staffcosts||||||||
|||||||2023||2022|
||Salaries and wages|||||135,974||111,785|
||Social security costs|||||15,778||11,771|
|||||||151,752||125,556|
||No employee<br>received emoluments|||in excess ofE60,000.|||||
||The average monthly<br>number offull|||time equivalent|employees|during the|year was as follows:||
|||||||2023||2022|
|||||||Number||Number|
||Employees|||||3||3|





## 

||||Land and|Studio|Fixtures &|Total|
|---|---|---|---|---|---|---|
||||buildings|equipment|Fittings||
|||||f|f||
||Cost or revaluation||||||
||At 1April 2022||1,334,245|283,501|13,023|1,630,769|
||Additions|||4,165||4,165|
||At 31March|2023|1,334,245|287,666|13,023|1,634,934|
||Depreciation|and|||||
||impairment<br>At 1April 2022||90,900|272,288|12,118|375,306|
||Depreciation|charge for the|10,674|1,918|91|12,683|
||year<br>At 31March|2023|101,574|274,206|12,209|387,989|
||Net book values||||||
||At 31March|2023|1,232, 671|13466|314|1,246,943|
||At 31March|2022|1,243,345|11,213|905|1,255,463|
|13|Debtors||||||
|||||2023||2022|
|||||E||E|
||Prepayments|and accrued income||97,308<br>97,308||915<br>913|
|14|Creditors:||||||
||amounts<br>falling due within one year||||||
|||||2023||2022|
|||||||f|
||Other taxes|and social security||3,663||3,808|
||Accruals|||2,367||4,131|
|||||6,030||7,939|





|Movement|in funds|||||
|---|---|---|---|---|---|
||||Incoming|||
||||resources||At 31|
|||||Resources||
|||At 1April|(including<br>other|expended|March<br>2023|
|||2022|gains/lasses)|||
||||E|E||
|Restricted funds:||||||
|Restricted income funds;||||||
|Equipment||16,129||(875)|15,254|
|Total||16,129||(875)|15,254|
|Unrestricted|funds:|||||
|General funds||334,183|206,804|(263,431)|277,556|
|Designated|funds:|||||
|Contingency|fund|100,000|||100,000|
|Capital asset|fund|1,320,702|||1,320,702|
|Total||1,420,702|||1,420,702|
|Totalfunds||1,771,014|206,804|(264,306)|1,713,512|



## 

|16|Analysis ofne|t assets between<br>funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted||
||||||Total|
||||funds|funds||
||||E|E|E|
||Fixed assets||1,239,069|7,876|1,246,945|
||Net current assets||466,567||466,567|
||||1,705,636|7,876|1,713,512|
|17|Recanciliation|ofnet debt||||
||||||At 31|
||||At 1April||March|
||||2022|Cash flows|2023|
||||E|E|E|
||Cash and cash|equivalents|522,575|(147,286)|375,289|
||||522,575|(147,286)|375,289|
||Net debt||522,575|(147,286)|375,289|





## 



## 

||||Unrestricte||||
|---|---|---|---|---|---|---|
||||d funds||Total funds|Total funds|
||||2023|2023|2023|2022|
||||E|E||E|
|Income and endowments||from:|||||
|Donations<br>and legacies|||||||
|Grants received|||189,958||289,958||
||||189,958||189,958||
|Charitable<br>activities|||||||
|Advancement<br>ofeducation|||14,904||14,904|28,216|
||||14,904||14,904|28,216|
|Investments|||||||
|Deposit account interest|||1,942||1,942|3,556|
||||1,942||1,942|3,556|
|Other|||||||
|Covid grants received||||||29,726|
|||||||29,726|
|Totalincome<br>and endowments|||206,804||206,804|61,498|
|Expenditure on:|||||||
|Charitable<br>activities|||||||
|Advancement<br>ofeducation|||30,429||30,429|8,740|
||||30,429||30,429|8,740|
|Total ofexpenditure|on charitable||||||
|activities|||30,429||30,429|8,740|
|Other expenditure|||||||
|Advertising<br>and website costs|||32,295||32,295|22,361|
|Employee costs|||32,295||32,295|22,361|
|Salaries/wages<br>Employer's<br>NIC<br>Staff entertainment|||135,974<br>15,778||135,974<br>15,778|111,785<br>11,771|
|||||||136|
|Travel and subsistence|||151,752||151,752|123,692|
|||||||270|
|Premises costs||||||270|
|Rent<br>Rates<br>Light, heat and power<br>Premises cleaning<br>Premises insurances<br>Premises repairs and|||3,511<br>3,424<br>2,919<br>4,854<br>2,600||3,511<br>3,424<br>2,919<br>4,854<br>2,600|2,210<br>13,669<br>1,012<br>2,035<br>2,482|
|maintenance|||8,656||8,656|8,413|
||||25,964||25,964|28,821|





## 

## 

|lington Music Workshop<br>Ltd<br>etailed Statement ofFinancial|Activities|||||
|---|---|---|---|---|---|
|General administrative<br>costs,||||||
|including<br>depreciation<br>and||||||
|amortisation||||||
|Depreciation of land and||10,674||10,674|10,674|
|buildings||||||
|Depreciation<br>ofStudio||1,043|875|1,918|27,315|
|equipment||||||
|Depreciation<br>of Fixtures (k||91||91|101|
|Fittings||||||
|Loss on disposal oftangible|fixed||||(993)|
|assets<br>Bank charges||24||24|24|
|Equipment<br>repairs and||1,500||1,500|1,648|
|maintenance<br>General insurances||2,872||2,872|2,538|
|Software, ITsupport<br>and related||79||79|98|
|costs<br>Stationery<br>and printing<br>Subscriptions<br>Sundry expenses<br>Telephone, fax and broadband||1,525<br>647<br>236<br>2,793<br>21,484|875|1,525<br>647<br>236<br>2,793<br>22,359|549<br>488<br>280<br>2,691<br>45,413|
|Legal and professional<br>costs||||||
|Audit/Independent<br>examination||1,507||1,507|1,383|
|fees||1,507||1,507|1,383|
|Total of expenditure<br>ofother|costs|233,002|875|233,877|221,940|
|Tota Iexpenditure||263,431|875|264,306|230,680|
|Net gains on investments||||||
|||(56627)|(875)|(57,502)|(169,182)|
|Net expenditure||||||
|Net expenditure<br>before other||(56,627)|(875)|(57,502)|(169,182)|
|gains/(losses)||||||
|Other Gains||||||
|Net movement<br>in funds||(56,627)|(875)|(57,502)|(169,182)|
|Reconciliation<br>offunds:||||||
|Total funds brought forward||1,754,885|16,129|1,771,014|1,940,196|
|Total funds carried forward||1,698,258|15,254|1,713,512|1,771,014|