2021-03-31-accounts

Contents			Page
Reference and Administrative		Details
Trustees Report			2to 14
independent Examiner's	Report		1SR 16
Statement of Financial Activities
Balance Sheet			188(19
Statement ofCash Flows			20
Notes to the Accounts			21to31

Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Details
Governing Instrument					Memorandum and Articles ofAssociation
Status					The company does not		have a share			capital and is limited			by
					guarantee.
Company	Registration		Number		02203943
Charity Registration		Number			298671
Trustees/Directors					Mrs A Dawson
					Ms AJones
					Ms K LWickett
					Mr G Stephenson (resigned			6 November				2020)
					Mr M Woods (resigned		24	September			2021)
					Ms 5 A Comer-Jones
					Ms M Terracciano
					Mr TSaunders (appointed			28 November				2019)
					Ms J Durney (appointed		6November			2020)
					Mrs A Young (appointed		6	November			2020)
					Mr 5Lee-French (appointed			25 May 2021)
Company	Secretary				Ms R H Copping (Mrs S		Peterkin		up to 25June 2021)
Senior Management					Mr R Lister (Executive Director)
Principal Address					The Mill
					Flaxdrayton Farm
					South Petherton
					Somerset TA13 SLR
Bankers					Lloyds Bank pic
					64 High Street
					Street, BA16OED
					Aldermore Bank PLC
					Apex Plaza
					Forbury Road
					Reading RG11AX
					Shawbrook Bank
					Lutea House, Warley	Hill	Business		Park
					Brentwood
					Essex CM133BE
					Hampshire Trust Bank
					Savings, PO Box74003
					London EC2P 2QR
					The Co-Operative Bank pic
					1Balloon Street
					Manchester M4 4BE
					Page 1

					Un-
				Notes	restricted	Restricted	2021	2020
					f	f	E	E
Income and Expenditure
Income
Income and endowments		from:
Donations and legacies					187,765	4,865	192,630	185,735
Charitable activities					19,765	250,774	270,539	247,339
Income from	investments				1,855		1,855	2,462
Total income					209,385	255,639	465,024	435,536
Expenditure
Expenditure on:
Raising funds					4,052		4,052	4,052
Charitable activities					180,293	171,208	351,501	444,523
Governance	costs				8,252	600	8,852	7,652
Total expenditure					192,597	171,808	364,405	456,227
Net income/(expenditure)			before tax		16,788	83,831	100,619	(20,691)
Tax payable
Net Income/(expenditure)			for the year		16,788	83,831	100,619	(20,691)
Transfers between	funds
Net movement in	funds				16,788	83,831	100,619	(20,691)
Reconciliation offunds:
Fund Balances at	1April	2020			131,252	173,242	304,494	325,185
Fund Balances at	31March		2021		148,040	257,073	405,113	304,494

				Notes	2021	2020
					E	f
Current Assets
Debtors					3,909	12,452
Cash at bank and	in	hand			425,341	311,822
					429,250	324,274
Creditors - amounts		falling due within one year		8	24,137	19,780
Total Assets less	Current		Liabilities		405,113	304,494
Total net assets					6405,113	6304,494
Funds ofthe charity
Restricted funds				9	257,073	173,242
Unrestricted funds
Designated funds				10	82,630	74,036
Other Charitable	funds			11	65,410	57,216
Total funds					6405,113	6304,494

				Notes	2021	2020
					f
Net cash from operating activites
Net income/(expenditure) for the year					100619	(20691)
Interest received					(1,855)	(2,462)
(Increase)/Decrease in debtors					8,543	14,074
Increase/(Decrease) in creditors					4357	(18591)
Net cash generated (2020-absorbed)	by operating		activities		111,664	(27,670)
Cash flows from investing activities
Interest received					1,855	2,462
Net cash used in investing activities					1,855	2,462
Net cash used in financing activities
Net increase (2020-decrease) in cash	and	cash equivalents			113,519	(25,208)
Cash and cash equivalents at the beginning		ofthe year			311,822	337,030
Cash and cash equivalents at the end	ofthe year				425,341	311,822

Income		Un-
		restricted	Restricted	2021	2020
Analysis of income		E	E	E	E
Donations and legades
Local authorities		26,500	2,752	29,252	25,309
Arts Council for England South	West	161,265	2,113	163,378	160,426
		187,765	4,865	192,630	185,735
Charitable activities
Rural Touring		7,525		7,525	28,238
Income from defined charitable	projects	6,334	250,774	257,108	209,361
Other incoming resources		5,906		5,906	9,740
		19,765	250,774	270,539	247,339
Income from investments
Interestincome		1,855		1,855	2,462
		1,855		1,855	2,462
Total income		209,385	255,639	465,024	435,536

Expenditure				Un-
				restricted	Restricted	2021	2020
				E	f	E	E
Raising funds
Salaries				4,052		4,052	4,052
				4,052		4,052	4,052
Charitable	activities
Salaries				124,977	94,921	219,898	237,797
Establishment		expenses		7,665		7,665	11,664
Artists fees	and		ancillary
expenditure				4,799	73,890	78,689	136,892
Administrative			expenses	26,456	223	26,679	23,921
Travel				9,435	556	9,991	24,626
Marketing				900	49	949	3,711
Book keeping				4,562	1,326	5,888	5,791
Finance charges				1499	243	1,742	121
				180,293	171,208	351,501	444,523
Governance	costs
Salaries				4,052		4,052	4,052
Accountancy				2,880	600	3,480	2,280
Independent		examination		1,320		1,320	1,320
				8,252	600	8,852	7,652
Total expenditure				192,597	171,808	364,405	456,227

6	Net Income/Expenditure	Net Income/Expenditure	Net Income/Expenditure			2021	2020
						E	6
	Net income/expenditure			is arrived	at after charging-
	Independent examiners			remuneration		1,320	1,320
	Other fees paid	to the independent			examiner	3,480	2,280
7	Debtors					2021	2020
						E	E
	Workshop, performance			and travel	fees	2,280	10,966
	Prepayments					1,629	1,486
						3,909	12,452
8	Creditors - Amounts		falling due within one year			2021	2020
						E	6
	Grants invoiced	in advance				11,000	4,500
	Taxation and social		security			1,438	5,129
	Other creditors					2,042	1,162
	Accruals					9,657	8,989
						24,137	19,780

		At 1April	New			At 31March
		2020	designations	Released	Transfers	2021
		E	E	E	E	E
Redundancy		56,004	1,901			57,905
illness		7,956		231		7,725
Redundancy	Provision	1,100		1,100
Early Years		3,241		1,741		1,500
My Tunes			6,000			6,000
Rural Touring		4,235	3,765			8,000
Dance		1,500				1,500
		74,036	11,666	3,072		82,630

			2021
			E
Fund	balance	at 1April 2020	57,216
Net	incoming	resources after transfers	8,194
Fund	balance	at31March 2021	65,410

Analysis	ofNet A		ssets Between F	unds
				Unrestricted	Restricted		Total
				Funds	Funds		Funds
Fund balances at			31March 2021	E	E		E
are represented		by-
Current	assets			172,177	257,073		429,250
Current	liabilities			24,137			24,137
				148,040	257,073		405,113
Directors/Trustees			Remuneration	and Expenses
						2021	2020
						E	E

The equivalent full annum or more.	time number ofemployees was 8(	2020:8). No employees earned E60,	000per
		2021	2020
		f	E
Total remuneration
Gross wages and salaries		207,162	221,912
National insurance	contributions	12,578	15,262
Employers pension	contributions	8,262	8,727
		228,002	245,901

During the year, the following employees were as self employed contractors.	also paid for their artistic and production serv	ices
	2021	2020
	E	f
L Monks		4,071
C garnes	1,415

18	Commitments Under	Commitments Under	Operating Leases		2021 f	2020 6
	Lease	payments recognised as an expense			6,029	9,648
	Annual	commitments	under non-cancellable	operating	Land and	Land and
	At the	balance sheet	date were as follows:		Buildings	Buildings
					2021	2020
	Operating leases which expire: within one year				9,648	9,648
					9,648	9,648