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|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|||||||||
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||||||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|
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|||||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|
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|||||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|
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|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|
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|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|
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|||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|
##
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||||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|
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|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|