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|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|
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|||||||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|
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||||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|
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||||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|
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|||||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|||||||
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|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||||||||
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||||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|
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|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|
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|||||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|
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||||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|
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|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|
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|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|