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2021-03-31-accounts


Contents	Page
Reference and Administration information
Trustees' Report	4 —16
Independent Examiner's Report	17
Statement of Financial Activities	18
Statement of Financial Position	19
Statement ofCash Flows	20
Notes to the financial statements	21 —29

						Restricted
					Unrestricted	income	Total	Total
					funds	funds	2021	2020
					E		6	E
				Note
Income
Donations and legacies					258,030	38,550	296,580	398,995
Income from charitable			activities		5,964		5,964	198,376
Other trading	activities				41		41	4,507
Investments					175		175	811
Other income					27,294		27,294
Total Income					291,504	38,550	330,054	602,689
Expenditure
Charitable activities				7	217,043	36,550	253,593	499,534
Raising funds				10	8,813		8,813	2,527
Total expenditure					225,856	36,550	262,406	502,061
Net Income					65,648	2,000	67,648	100,628
Reconciliation	offunds:
Total funds brought		forward			432,649	106,945	539,594	438,966
Total funds carried		forward			498,297	108,945	607,242	539,594

			2o21	2o21
			6	8
Axed Assets
Tangible assets		12		21,213	28,285
				21,213	28,285
Stock			4,705		4,592
Debtors		13	11,944		4D,036
Cash at bank	and in hand		602,220		539,758
			618.869
Current Uabjgees
Creditors: amounts fsgln6 due within one year		14	322140		73,077
stet cwrent	assets			586,029	511,309
Total Assets	less Cunent Uab8ltfas			607,242	539,594
				557242	539,594
Restricted funds		15	108,958		106,945
Unrestricted	funds..
Designated funds		15	318,992		262,625
General	funds	15	179,292		170,024
				537,242	539553

			2021	2020
		Note
Cash flow from operating	activities	18	62,287	141,232
Cash flows from investing	activities:
Interest received			175	811
Purchase offixed assets				(536)
Net cash used in investing	activities		175	275
Net increase in cash and	cash equivalents		62,462	141,507
Cash and cash equivalents	at 1April		539,758	398,251
Cash and cash equivalents	at31March		602,220	539,758
Cash and cash equivalents	consists of:
Cash at bank and in hand			602,220	539,758

				2021	2021	2021	2020
				Unrestricted	Restricted	Total	Total
				f	E	E	f
Gifts				108,936	50	108,986	188,272
Arts Council England		NPO grant		145,594		145,594	142,963
Other grants (see note 20)				3,500	38,500	42,000	67,760
2021total				258,030	38,550	296,580	398,995
2020tota	I			326,054	72,941	398,995
Income from Charitable			activities
				2021	2021	2021	2020
				Unrestricted	Restricted	Total	Total
				f	E	E	f
Ticket sales &venue		fees		5,797		5,797	192,880
Education	income			167		167	5,496
2021total				5,964		5,964	198,376
2020tota	I			198,376		198,376
Other income
				2021	2021	2021	2020
				Unrestricted	Restricted	Total	Total
				f	E	E	f
Sponsorship & merchandising				41		41	4,507
2021total				41		41	4,507
2020tota	I			4,507		4,507
Income from investments
				2021	2021	2021	2020
				Unrestricted	Restricted	Total	Total
				f	E	E	f
Interest receivable				175		175	811
2021total				175		175	811
2020tota	I			811		811
her income
				2021	2021	2021	2020
				Unrestricted	Restricted	Total	Total
				f	E	E	f
PMRC Coronavirus		lob Retention Scheme income		27,294		27,294
2021total				27,294		27,294
2020tota	I

Expenditure	on charitab	le ac	tivities
				2021	2021	2021	2020
				Unrestricted	Restricted	Total	Total
				E	E	E	E
Artists, venue and instrument			hire	17,063	24,050	41,113	188,824
Artistic direction				9,817		9,817	23,030
Marketing				23,299		23,299	43,099
Learning &	participation	activities		575	12,500	13,075	52,991
Staff				143,720		143,720	157,063
Governance	(note 8)			2,891		2,891	3,162
Administration				11,890		11,890	13,193
Operational	costs			716		716	10,870
Depreciation				7,072		7,072	7,302
2021total
2020 total

			2021	2020
			Unrestricted	Unrestricted
			E	E
Fundraising	staff / freelance fees		5,661	2,061
Fundraising	costs		3,152 risv	466
Staff costs	and employee	benefits
			2021	2020
			E	6
Wages and	salaries		140,732	147,150
Social Security			6,186	7,107
Pension			2,463	2,806
			149,381	157,063

12	Fixed Assets	- Tangible	- Tangible	- Tangible
						Fixtures &	Office
					Piano	fittings	equipment	Total
					6	6	6	6
	Cost
	At 1April 2020				63,875	9,087	21,673	94,635
	Additions
	At 31March	2021			63,875	9,087	21,673	94,635
	Depreciation
	At 1April 2020				38,327	9,075	18,948	66,350
	Charge				6,388	3	681	7,072
	At 31March	2021			44,715	9,078	19,629	73,422
	Net book value
	At 31March	2021			19,160	9	2,044	21,213
	At 31March	2020			25,548	12	2,725	28,285
13	Debtors						2021	2020
							6	6
	All amounts	falling		due within one year
	Trade debtors						259	12,602
	Other debtors						1,538
	Prepayments	and	accrued income				10,147	27,434
							11,944	40,036
14	Creditors: Amounts			falling due within one year			2021	2020
							6	6
	Trade creditors						7,544	32,174
	Accruals						22,638	36,693
	Taxation and	social		security			1,526	3,109
	Deferred income		—relating to events		in 2021/22		408
	Other creditors						724	1,101
							32,840	73,077

				At				Balance at
				1April 2020	Income	Expenditure	Transfers	31March 2021
				6				E
Unrestricted
General				170,024	223,736	(214,468)		179,292
Designated	-	Piano Depreciation		25,548		(6,388)		19,160
Designated	-	Lindsay Foundation		31,099				31,099
Designated	-	Future Festivals Fund		205,978	22,755			228,733
Designated	-	Digital Future Fund			45,000	(5,000)		40,000
Total unrestricted funds				432,649	291,491	(225,856)		498,284
Restricted
Andrew McEwan Fund				57,285	63	(10,000)		47,348
Bridge 2 Fund				24,400				24,400
Learning 8	Participation		Fund	25,260	8,500	(1,800)		31,960
Mayfield Valley Arts Trust					30,000	(24,750)		5,250
Total restricted funds				106,945	38,563	(36,550)		108,958
Total funds				539,594	330,054	(262,406)		607,242
				At				Balance at
				1April 2019	Income	Expenditure	Transfers	31March 2020
				6				E
Unrestricted
General				209,027	380,673	(387,741)	(31,935)	170,024
Designated-		Piano depreciation				(6,387)	31,935	25,548
Designated	-	Lindsay Foundation		30,399	700			31,099
Designated	-	Future Festivals Fund		112,858	148,375	(55,255)		205,978
Total unrestricted funds				352,284	529,748	(449,383)		432,649
Restricted
Andrew McEwan Fund				57,104	181			57,285
Bridge Fund				29,578		(5,178)		24,400
Learning 8	Participation		Fund		42,760	(17,500)		25,260
Mayfield Valley Arts Trust					30 000	(30,000)
Total restricted funds				86,682	72,941	(52,678)		106,945
Total funds				438,966	602,689	(502,061)		539,594

			Unrestdicted	Unrestdicted	Restricted	2021
			General	Designated		Total
			E	E		E
Fixed	Assets		2,053	19,160		21,213
Cash	at bank and	in hand	196,468	296,807	108,946	602,220
Other	current assets/(liabilities)		(19,229)	3,025	13	(16,191)
			179,292	318,992	108,958	607,242
			Unrestdicted		Restricted	2020
			General	Designated		Total
			f.	E		E
Fixed	Assets		2,737	25,548		28,285
Cash	at bank and	in hand	198,286	234,540	106,932	539,758
Other	current assets/(liabilities)		(30,999)	2,537	13	(28,449)
			170,024	262,625	106,945	539,594

econciliation ofope	rating (def	icit)/surplus to cashflows from operating	activities
			2020	2021
			E	E
Income forthe year			67,648	100,628
Depreciation and amortisation			7,072	7,302
Interest received			(175)	(811)
(Increase)/decrease	in debtors		28,092	55,951
Increase/(decrease)	in creditors		(40,237)	(21,682)
(Increase)/decrease	in stock		(113)	(156)
Net cash flow from	operating	activities	62,287	141,232

At 1April		At 31March
2020	Cashflows	2021
E	E	E
539,758	62,462	602,220

20.Grant income								2021	2020
								E	E
Arts Council England National		Portfolio Organisation				funding		145,594	142,963
Other grants:
The National Lottery Awards		for All							9,960
ERDF grant: SME Restart gr Recovery			and	Kickstarting		Tourism package		3,000
Church Burgesses Educational		Foundation						2,000	2,500
Cutlers Company Charitable	Trust								2,000
Freshgate Trust Foundation									2,000
Hugh Neill Charity									300
J G Graves Charitable Trust									3,000
Mayfield Valley Arts Trust								30,000	30,000
R Walker Charitable Trust								1,500	1,500
Shaw Lands Trust								1,500	1,000
Sheffield Bluecoat gr Mount	Pleasant		Education		Foundation			1,000
Sheffield City Region Combined Authority									2,000
Sheffield Grammar School Exhibition			Foundation						2,000
Sheffield Town Trust								2,500	8,500
South Yorkshire Community		Foundation		AESSEAL Charitable			Trust		3,000
tJKRPfunded COVID response		study	grant					500
								42,000	67,760
Total Grants included in income								187,594	210,723