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2022-03-31-accounts

Company number: 2062208 Charity number: 295613

The Grand Union Music Theatre Limited (A Charity Company Limited by Guarantee, company number 2062208) Financial Statements and Trustees' Report for the year ended 31 March 2022

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

Page 1 of 18

AT The Grand Union Music Theatre Limited

(A Charity Company Limited by Guarantee, company number 2062208)

Index to the Financial Statements for the year ended 31 March 2022

Page
Index to the Financial Statements 2
Charitable company Information 3
Trustees' Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Position 10
Statement of Cash Flows 11
Accounting Policies 12 - 13
Notes to the Accounts 14 - 18

Page 2

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

AT The Grand Union Music Theatre Limited

Charitable company Information

for the year ended 31 March 2022

Status: The Grand Union Music Theatre Limited is a company limited by guarantee and a
registered charity governed by its memorandum and articles of association. The directors
of the company are its trustees for the purposes of charity law and throughout this report
are collectively referred to as the trustees.
Charity name: The Grand Union Music Theatre Limited
Other operating names: Grand Union
Grand Union Band
Grand Union Orchestra
Company registration number: 2062208
(England & Wales)
Charity registration number: 295613
Registered office: 15B St Margaret's House
21 Old Ford Road
London E2 9PL
Operations address: 15B St Margaret's House
21 Old Ford Road
London E2 9PL
Trustees who held office Antonia Benedek
during the year: Habib Rahman
Sayara Beg
Adam Sutcliffe
Chairperson: Antonia Benedek
Secretary: Tony Haynes
Independent Examiner: Anthony Armstrong FCA
Armstrong & Co
Chartered Accountants & Statutory Auditor
4a Printing House Yard
Hackney Road
London E2 7PR
Solicitors: Townleys Solicitors
Dalby House
396-398 City Road
London EC1V 2QA
Bankers: Natwest Bank Plc
134 Aldersgate Street
London EC1A 4LD

Page 3

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

AT The Grand Union Music Theatre Limited

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2022

The Board of Trustees (who are also directors of the charity for the purposes of the Companies Act) submits their annual report and financial statement for the year ended 31 March 2022.

The Trustees confirm that the Annual Report and Financial Statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (Charities SORP FRS102) "Accounting and Reporting by Charities" issued in 2014.

Trustees induction and ongoing training

Upon declaration of their interest to be a trustee, a new trustee receives the company’s governing documents, most recent Financial Reports and Management Accounts. They are invited to meet with the Chair, Treasurer and Senior Management Team for a briefing on the organisation and the responsibilities of the trustees. The Chair or their representative then writes formally to invite the interested party to become a trustee of the company.

Organisation

The board of trustees meets quarterly, administers the charity, and includes representatives from and experts in; finance, law, media, theatre, charity management, music service provision and business management. An Artistic Director is asked by the board of trustees to oversee the day-to-day operation of the charity.

To facilitate effective day-to-day operations of the charity the artistic director delegates responsibility for operational matters including finance, employment, artistic management and the education programme, to a management team which is assisted by a team of consultants and freelance practitioners. A large team of musicians run and co-ordinate individual projects.

Staff

Tony Haynes, Composer / Creative Director Jane Deppa, General Administrator Richard Mallett, Project Development Director Gabriel May, Recorded Material development Joanna Cole, PR & Marketing Basia Talago-Jones, Social Media and Production Assistant Nadio Nervo, Visual Consultant

Risk

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the company and are satisfied that systems are in place to mitigate their exposure to the major risks.

Charitable Activities

Mission

Grand Union aims to communicate and share the enjoyment of creating and performing music which reflects and expresses the aspirations of our multicultural society by:

Current Objectives

Page 4

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

AT The Grand Union Music Theatre Limited

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2022

Over this financial year we held over 50 workshops and informal presentations, 10 local performances, and 2 large-scale shows. Highlights of 2021-2022 include:

New intergenerational participatory show

2 performances of Raise the Banner on 8thOctober 2021 and 18thDecember celebrating the glorious East End traditions of standing up for justice and equality, which continues right through to the present day, stronger than ever as the population has grown and diversified. This evening of ‘riotous’ music commemorated the important timely anniversaries of three historic events from the 20thCentury:- 100th anniversary of the Poplar Rates Rebellion- 85th anniversary of The Battle of Cable Street and 50th anniversary of the publication of Stepney Words. This vibrant show included singers from Israel, Dominica and Malaysia, and musicians from Africa, Caribbean, Sri Lanka and Bangladesh. The performances represented the whole demographic of East London and brought large and enthusiastic audiences at St Johns Bethnal Green.

Sounding Bethnal Green

Weekly events on Fridays during October 2021 and November combining performance, participation, story-telling, practical workshop and debate, highlighting the musical cultures flourishing in East London today, presented by artists from those communities, often first-generation migrants themselves. We held evenings exploring music from South Africa, Northern Africa, China & SE Asia, the Jewish Diaspora, South Asia and Latin America.

Commemoration of the Independence of Bangladesh

Another important, anniversary marked in December 2021 was the 50th of the.birth of Bangladesh as a separate nation on December 16th 1971. We used our film Honouring Mujib to commemorate the anniversary of the original Declaration and to inform much of the work with young musicians. In December we held performances at Rich Mix (12th December) and the British Library (16th December) featuring the music of Lucy Rahman’s Father Sheikh Luthfur Rahman was an acclaimed singer/song-writer and activist in the cause of independence. We had many messages from people in the audience who were less familiar with the history of Bangladesh and the music and telling us how much they learnt.

Community Orchestra for Hoxton and Shoreditch

Commissioned by the LB Hackney Shoreditch and Hoxton Art Fund, we held a series of outreach sessions for the local community throughout the autumn. These led to workshops for all sections of the local community and local colleges in February and March drawing out stories, songs and music. Sessions were led by Claude Deppa (South Africa) alongside other global musicians and formed the basis of an original repertoire with music as diverse as the local population, ranging from China and South Asia, through Turkey and the Middle East, to Africa, the Caribbean and Latin America (as well as the East End!). This unique ensemble who will hold their own performances in 2022 celebrating the global music flourishing in the neighbourhood.

Call & Response: monthly workshops

We held free monthly sessions throughout the year 2021-2022 for our Youth Orchestra taking inspiration from themes such as Mother Language Day with Yousuf Ali Khan (Bangladesh) tabla, and how Latin America conjures up the spirit of carnival led by Andres Lafone (Uruguay).Our annual Summer School at the end of July carried on exploring historical and present-day issues with the Grand Union’s core team of musicians from all parts of the world, and the young musicians had performance opportunities at seasonal festivals, and as part of Grand Union’s professional shows.

GUO Re:Generation Band

Jam sessions and performances by the GUO Re:Generation Band took place under the direction of Joshua Brandler (Switzerland/Caribbean). Young musicians develop a portfolio career in music, learning workshop and performance techniques from GUO professionals. They are given opportunities to create, record and stream their own music and meet monthly at Poplar Union.

Plans for 2022

A month-long celebration of Grand Union’s 40th anniversary in May 2022 presenting all aspects of our work – from the Youth Orchestra and Re:Generation Band through community and participatory activities and projects with our local Bengali community to a specially created large-scale show. This will take place across all our regular partner venues in East London, including the Hackney Empire Theatre. Weal so plan to release a new album Made by Human Hands and a range of high quality publicity materials.

Page 5

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

AT The Grand Union Music Theatre Limited

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2022

Fundraising

We aim to be less reliant on ever competitive grants and seek paid commissions and performances for the Orchestra. We will however, continue to seek new funders and supporters for this important Anniversary Year.

Results for the year

The results of the period and financial position of the charity are shown in the annexed financial statements.

The Statement of Financial Activities shows an increase in funds for the year of £24,655, and reserves of £85,104.

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 8 to the accounts.

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for reappointment.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Trustees on 14 December 2022 and signed on its behalf by:

Antonia Benedek, Trustee

Page 6

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

AT The Grand Union Music Theatre Limited

Statement of Trustees' Responsibilities for the year ended 31 March 2022

The trustees (who are the directors of The Grand Union Music Theatre Limited for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 7

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

Page 7 of 18

AT The Grand Union Music Theatre Limited

(A Charity Company Limited by Guarantee, company number 2062208)

Independent Examiner's Report to the Trustees of The Grand Union Music Theatre Limited

I report on the accounts of The Grand Union Music Theatre Limited for the period from 1 April 2021 to 31 March 2022, which are set out on pages 9 to 18.

This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 7, the trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Armstrong FCA, Independent Examiner

of Armstrong & Co Chartered Accountants & Statutory Auditor

4a Printing House Yard Hackney Road London E2 7PR

Dated: 14 December 2022

Page 8

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

FS The Grand Union Music Theatre Limited

Statement of Financial Activities

incorporating the income and expenditure account for the year ended 31 March 2022

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure) for the year
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
13
Total funds carried forward
13		 2022
Total Funds
£
1,020
175,278
-
176,298
151,643
151,643
24,655
-
24,655
60,449
85,104		 2021
Unrestricted
Funds		 Restricted
Funds		 Total Funds
£
1,020
10,810
-		 £
-
164,468
-
164,468
149,873
149,873
14,595
(8,832)
5,763
35,968
41,731		 £
270
137,877
2
11,830 138,149
1,770 88,232
1,770 88,232
10,060
8,832		 49,917
-
18,892
24,481		 49,917
10,532
43,373 60,449

All incoming resources and resources expended are derived from continuing activities. The statement of financial activities incorporates an income and expenditure account. The accompanying accounting policies and notes form an integral part of these financial statements.

Page 9

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

Page 9 of 18

The Grand Union Music Theatre Limited

(A Charity Company Limited by Guarantee, company number 2062208)

Statement of Financial Position

as at 31 March 2022

Notes
Fixed assets:
Tangible assets
8
Total fixed assets
Current assets:
Stocks
9
Debtors
10
Cash at bank and in hand
11
Total current assets
12
Net current assets/(liabilities)
Total net assets
The funds of the charity:
Restricted income funds
15
Unrestricted funds
14
Total charity funds
19
Creditors: amounts falling due within one year		 £
£
£
£
1
179
1
179
1,003
1,077
39,732
251
50,468
60,411
91,203
61,739
6,100
1,469
85,103
60,270
85,104
60,449
41,731
35,968
43,373
24,481
85,104
60,449
31 March 2022
31 March 2021		 £
£
£
£
1
179
1
179
1,003
1,077
39,732
251
50,468
60,411
91,203
61,739
6,100
1,469
85,103
60,270
85,104
60,449
41,731
35,968
43,373
24,481
85,104
60,449
31 March 2022
31 March 2021
£
1,003
39,732
50,468
91,203
6,100		 £
179
179
60,270
60,449
35,968
24,481
60,449

The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The financial statements were approved by the Board of Trustees on 14 December 2022 and signed on its behalf by:

Antonia Benedek Trustee

The notes on pages 12 to 18 form part of these accounts.

Page 10

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

The Grand Union Music Theatre Limited

Statement of Cash Flows

for the year ended 31 March 2022

Notes
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
1
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
2
Cash and cash equivalents at the end of the reporting period
2
Notes to the Cash Flow Statement
1)
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
(Increase)/decrease in stocks and work in progress
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
2)
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)		 2022
£
(9,943)
-
-
(9,943)
60,411
50,468
2022
£
24,655
178
-
74
(39,481)
4,631
(9,943)
2022
£
50,468
50,468		 2021
£
48,147
2
2
48,149
12,262
60,411
2021
£
49,917
178
(2)
-
286
(2,232)
48,147
2021
£
60,411
60,411

Page 11

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

Page 11 of 18

(A Charity Company Limited by Guarantee, company number 2062208)

The Grand Union Music Theatre Limited

Accounting Policies

for the year ended 31 March 2022

Basis of preparation

The financial statements have been prepared in accordance with:

Public benefit entity

The charitable company meets the defination of a public benefit entity under FRS 102.

Going concern

The charity's income is mainly derived from non self-generated sources, such as grants, service level agreements and other governmental or NGO sources. The trustees consider that there are no material uncertainties about the likelihood that this support will continue, and accordingly, the accounts have been prepared on a going concern basis.

Income recognition

Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. The charity is registered for VAT and accordingly expenditure excludes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations.

Charitable expenditure includes those costs expended in fulfilling the charity’s principal objects, as outlined in the Report of the Trustees. These include grants payable, governance costs and an apportionment of support costs.

Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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(A Charity Company Limited by Guarantee, company number 2062208)

The Grand Union Music Theatre Limited

Accounting Policies

for the year ended 31 March 2022

Pensions

The charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment Furniture & fixtures

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Page 13

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

F The Grand Union Music Theatre Limited

Notes to the Accounts

for the year ended 31 March 2022

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net incoming resources

Net incoming resources
Net incoming resources are stated after charging:
Independent Examiner's fees - reporting service
Independent Examiner's fees - other services
Depreciation - owned assets
Trustees' emoluments		 2022
£
1,200
300
178
-		 2021
£
1,200
-
178
-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

3
4
5
6		 Income from donations and legacies
Donations
Income from charitable activities
Performance fees
Education fees
Grants and service level agreements
Other
Income from investments
Bank interest
Resources expended: Charitable activities
Direct costs
Artists fees
Project staff/consultants/technicians
Other production costs
Accommodation and transport
Marketing and PR
Support costs
Wages
Office costs
Rent/premises
Accountancy/legal/bank/insurance
Depreciation charge for the year
(Profit) / loss on foreign exchange		 Unrestricted
£
1,020
1,020
Unrestricted
£
3,682
7,128
-
-
10,810
Unrestricted
£
-
-
Unrestricted
£
-
-
-
-
-
74
-
-
246
-
1,200
178
72
1,770		 Restricted
£
-
-
Restricted
£
-
32,780
131,688
-
164,468
Restricted
£
-
-
Restricted
£
-
61,206
8,656
15,983
1,695
26,600
-
9,889
15,570
7,940
2,334
-
-
149,873		 2022
Total
£
1,020
1,020
2022
Total
£
3,682
39,908
131,688
-
175,278
2022
Total
£
-
-
2022
Total
£
-
61,206
8,656
15,983
1,695
26,674
-
9,889
15,816
7,940
3,534
178
72
151,643		 2021
Total
£
270
270
2021
Total
£
185
12,262
125,394
36
137,877
2021
Total
£
2
2
2021
Total
£
-
34,465
12,682
1,883
125
10,973
-
9,710
10,811
5,200
2,258
178
(53)
88,232

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(A Charity Company Limited by Guarantee, company number 2062208)

F The Grand Union Music Theatre Limited

Notes to the Accounts

for the year ended 31 March 2022

7
Staff costs
Staff salaries
Employees paid in excess of £60,000 during the current year and previous year:
8
Tangible fixed assets
Tangible 1
Tangible 2
Software
£
£
£
Cost
As at 1 April 2021
-
-
-
As at 31 March 2022
-
-
-
Depreciation
As at 1 April 2021
-
-
-
Charge for the year
-
-
-
As at 31 March 2022
-
-
-
Net book value
As at 31 March 2022
-
-
-
As at 31 March 2021
-
-
-
9
Stocks
Stock
10 Debtors: amounts falling due within one year
Trade debtors
VAT refund
11 Bank and cash in hand
Reserve account
Natwest current account
Natwest euro account
Petty cash
12 Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income
Average number of employees during the year was:		 Computer
equipment
£
54,751
54,751
54,573
178
54,751
-
178		 2022
£
9,889
9,889
1
None
Furniture &
fixtures
£
11,425
11,425
11,424
-
11,424
1
1
2022
£
1,003
1,003
2022
£
38,004
1,728
39,732
2022
£
27,018
23,388
-
62
50,468
2022
£
3,188
1,712
1,200
6,100		 2021
£
9,710
9,710
1
None
Total
£
66,176
66,176
65,997
178
66,175
1
179
2021
£
1,077
1,077
2021
£
-
251
251
2021
£
20,020
38,819
1,510
62
60,411
2021
£
-
269
1,200
1,469

Page 15

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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(A Charity Company Limited by Guarantee, company number 2062208)

F The Grand Union Music Theatre Limited

Notes to the Accounts

for the year ended 31 March 2022

13
14
15
**16 **		 The funds of the charity: current year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
The funds of the charity: prior year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
Restricted funds: current year
Arts Council project grants
Foyle Foundation
Foundation for Future London
Garfield Weston
LB Hackney
LB of Tower Hamlets
London Community Response Fund
Charities Aid Foundation
Sound Connections
Cockayne Foundation - Grants for the Arts
Youth Music
Restricted funds: prior year
Arts Council project grants
Arts Council Emergency Fund
Foundation for Future London
Garfield Weston
LB Hackney - Hoxton and Shoreditch Art Fund
LB of Tower Hamlets
London Community Response Fund
Reverberate
Charities Aid Foundation
Cockayne Foundation - Grants for the Arts
Near Neighbours Fund		 Opening
balance
£
35,968
24,481
60,449
Opening
balance
£
5,001
5,531
10,532
Opening
balance
£
6,127
-
1,400
6,000
5,000
-
2,441
10,000
-
5,000
-
35,968
Opening
balance
£
5,001
-
-
-
-
-
-
-
-
-
-
5,001		 Resources
arising
£
164,468
11,830
176,298
Resources
arising
£
111,656
26,493
138,149
Incoming
resources
£
100,038
5,000
1,400
-
5,750
24,500
-
-
1,500
-
26,280
164,468
Incoming
resources
£
32,420
25,074
1,400
6,000
5,000
6,762
15,000
2,000
10,000
5,000
3,000
111,656		 Resources
utilised
£
(149,873)
(1,770)
(151,643)
Resources
utilised
£
(80,861)
(7,371)
(88,232)
Resources
expended
£
78,353
5,055
2,830
5,826
10,809
25,257
2,447
-
1,511
5,250
12,536
149,873
Resources
expended
£
31,295
25,074
-
-
-
6,803
12,559
2,012
-
-
3,119
80,862		 Other
movements
£
(8,832)
8,832
-
Other
movements
£
172
(172)
-
Transfers &
gains/(losses)
£
-
55
30
-
59
757
6
(10,000)
11
250
-
(8,832)
Transfers &
gains/(losses)
£
-
-
-
-
-
41
-
12
-
-
119
172		 Closing
balance
£
41,731
43,373
85,104
Closing
balance
£
35,968
24,481
60,449
Closing
balance
£
27,812
-
-
174
-
-
-
-
-
-
13,744
41,731
Closing
balance
£
6,127
-
1,400
6,000
5,000
-
2,441
-
10,000
5,000
-
35,968

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Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

Page 16 of 18

(A Charity Company Limited by Guarantee, company number 2062208)

F The Grand Union Music Theatre Limited

Notes to the Accounts

for the year ended 31 March 2022

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

Arts Council project grants Supporting our young professionals Re:Generation scheme and redeveloping the ways we
reach people in our ‘Reconcile Reimagine’ programme.
‘Freedom and Independence’ helped continuity of work particularly with young people and
East London communities.
‘Liberation Paths’ paved the way to new work with the Youth Orchestra, and development of
online library and other digital resources to support live work again.
Arts Council Emergency Fund Supported us during this difficult period where earned income was low.
Foundation for Future London For work with HeadwayEast London and other neurodiversegroups.
LB Hackney - Hoxton and
Shoreditch Art Fund		 Developing a community orchestra for Hoxton and Shoreditch.
LB of Tower Hamlets Local events in the Borough to adapted to restrictions.
London Community Response Emergency support for work during this time.
Charities Aid Foundation Resilience Fund.
Sound Connections A project led and directed by young people to develop and amplify their own voice, ideas and
musical themes.
Near Neighbours Fund Work with local communities in Tower Hamlets.
Cockayne Foundation - Grants
for the Arts		 For work celebrating the Independence of Bangladesh.
Youth Music Supporting sustainable, meaningful career opportunities for young people aged 18-25,
particularlythose currentlyunrepresented.
17 Transfers between funds: current year
General to restricted
Restricted to general
18 Transfers between funds: prior year
General to restricted
19 Net assets attributable to funds: current year
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds
20 Net assets attributable to funds: prior year
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
(1,168)
10,000
8,832
General
funds
(172)
(172)
General
funds
1
49,472
(6,100)
43,373
General
funds
179
25,771
(1,469)
24,481		 Designated
funds
-
Designated
funds
-
Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
1,168
(10,000)
(8,832)
Restricted
funds
172
172
Restricted
funds
£
-
41,731
-
41,731
Restricted
funds
£
-
35,968
-
35,968		 Endowment
funds
-
Endowment
funds
-
Endowment
funds
£
-
-
-
-
Endowment
funds
£
-
-
-
-		 Total
-
-
-
Total
-
-
Total
£
1
91,203
(6,100)
85,104
Total
£
179
61,739
(1,469)
60,449

Page 17

Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

Page 17 of 18

(A Charity Company Limited by Guarantee, company number 2062208)

F The Grand Union Music Theatre Limited

Notes to the Accounts

for the year ended 31 March 2022

21 Taxation

The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

22 Post balance sheet events

There were no significant post balance sheet events.

23 Pension commitments

The charitable company contributes to employee defined contribution (DC) stakeholder pension schemes. The assets of the schemes are held separately from those of the charitable company in independently administered funds.

24 Contingent liabilities

The charitable company had no material contingent liabilities at 31 March 2022 nor at 31 March 2021.

25 Related parties

There were no disclosable related party transactions during the year.

26 Gifts in kind and volunteers

During the year the charitable company benefited from unpaid work performed by volunteers.

27 Company status

The company is limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

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Document Ref: QNPZM-ZBL4X-Q6IZR-A9PST

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