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|---|---|---|---|---|
|Reference|and administrative||details||
|Trustees'|report|||2-14|
|Trustees'|responsibilities
statement|||15|
|Independent
auditor's||report||16-19|
|Statement|offinancial|activities||20|
|Balance sheet||||21|
|Statement|ofcash flows|||22|
|Notes to the financial||statements||23-41|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2023|2023|2023|2022|
||||Note|F|F|F||
|Income from:||||||||
|Donations
and legacies||||258,934|304,612|563,546|518,550|
|Charitable
activities||||958,470||958,470|871,418|
|Investments||||5,338||5,338|318|
|Total income||||1,222,742|304,612|1,527,354|1,390,286|
|Expenditure
on:||||||||
|Raising funds|||5|115,108||115,108|94,727|
|Charitable
activities|||6|1,269,105|304,612|1,573,717|1,353,195|
|Total expenditure||||1,384,213|304,612|1,688,825|1,447,922|
|Net expenditure|before net|||||||
|gains/(losses)|on investments|||(161,471)||(161,471)|(57,636)|
|Net gains/(losses)||on investments||16,941||16,941|(12,556)|
|Net movement
in||funds||(144,530)||(144,530)|(70,192)|
|Reconciliation
of||funds:||||||
|Total funds brought||forward||575,685|106,749|682,434|752,626|
|Net movement
in|funds|||(144,530)||(144,530)|(70,192)|
|Total funds carried forward||||431,155|106,749|537,904|682,434|
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|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note||f.|||
|Fixed assets|||||||
|Intangible assets||9||||15,836|
|Tangible assets||10||||883|
|Investments||11||406,027||389,086|
|||||406,027||405,805|
|Current assets|||||||
|Debtors||12|65,812||48,938||
|Cash at bank and|in hand||274,975||379,080||
||||340,787||428,018||
|Creditors: amounts|falling due within one||||||
|year||13|(208,910)||(151,389)||
|Net current assets||||131,877||276,629|
|Total net assets||||537,904||682,434|
|Charity funds|||||||
|Restricted funds||14||106,749||106,749|
|Unrestricted
funds||14||431,155||575,685|
|Total funds||||537,904||682,434|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Note|f.||
|Cash flows from operating||activities||||||
|Net cash used in operating|activities||||16|(109,443)|(98,691)|
|Cash flows from investing||activities||||||
|Purchase ofinvestments|||||||(150,000)|
|Dividends,
interests
and rents from investments||||||5,338||
|Net cash provided
by/(used||in) investing|activities|||5,338|(150,000)|
|Change
in cash and cash|equivalents
in||the year|||(104,105)|(248,691)|
|Cash and cash equivalents|at the beginning||ofthe year|||379,080|627,771|
|Cash and cash equivalents||at the end of|the year||17|274,975|379,080|
|The notes on pages 23to41||form part of these financial||statements||||
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023f|2023
F|2023
f.|
|Donations||120,836|27,964|148,800|
|Grants||118,000|276,648|394,648|
|Membership|fees|20,098||20,098|
|||258,934|304,612|563,546|
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2022|
|Donations||101,667|31,351|133,018|
|Grants||97,125|265,165|362,290|
|Membership|fees|23,242||23,242|
|||222,034|296,516|518,550|
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
|Course fees|||851,070|851,070|
|Audition fees|||9,846|9,846|
|Sales of merchandise|||1,853|1,853|
|Concert and performing|fees||34,726|34,726|
|Ticket sales and contributions||-concerts|46,415|46,415|
|Other income|||14,560|14,560|
|Total 2023|||958,470|958,470|
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
|||||E|
|Course fees|||776,724|776,724|
|Audition fees|||10,980|10,980|
|Sales ofmerchandise|||5,471|5,471|
|Concert and performing|fees||42,619|42,619|
|Ticket sales and contributions||-concerts|17,146|17,146|
|Other income|||18,478|18,478|
|Total 2022|||871,418|871,418|
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
||||f.|f.|
|Fundraising||-other costs|25,091|25,091|
|Wages|and|salaries|78,707|78,707|
|National|Insurance||9,260|9,260|
|Pension|costs||2,050|2,050|
||||115,108|115,108|
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
|Fundraising||-other costs|10,081|10,081|
|Wages|and|salaries|73,650|73,650|
|National|insurance||8,946|8,946|
|Pension|costs||2,050|2,050|
||||94,727|94,727|
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|Direct|Support|Total|
|---|---|---|
|costs|costs|funds|
|2023|2023|2023|
||E|f.|
|1,423,362|150,355|1,573,717|
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|Direct|Support|Total|
|---|---|---|
|costs|costs|funds|
|2022|2022|2022|
|1,204,269|148,926|1,353,195|
##
||||||Charitable|Total|
|---|---|---|---|---|---|---|
||||||activities|funds|
||||||2023|2023|
|Staff costs|||||361,701|361,701|
|Courses accomodation,|||music||888,022|888,022|
|Insurance|||||6,094|6,094|
|Travelling|expenses||||42,554|42,554|
|Advertising,|website,|promotion||and printing|35,432|35,432|
|I egal and|professional||||3,000|3,000|
|Consulting|and training||||17,660|17,660|
|Office costs|||||55,206|55,206|
|Bank charges|||||13,693|13,693|
||||||1,423,362|1,423,362|
||||||Charitable|Total|
||||||activities|funds|
||||||2022|2022|
|Staff costs|||||267,377|267,377|
|Courses accomodation,|||music||781,068|781,068|
|Insurance|||||8,982|8,982|
|Travelling|expenses||||28,142|28,142|
|Advertising,|website,|promotion||and printing|26,519|26,519|
|Consulting|and training||||16,847|16,847|
|Office costs|||||62,902|62,902|
|Bank charges|||||12,432|12,432|
||||||1,204,269|1,204,269|
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||||Charitable|Total|
|---|---|---|---|---|
||||activities|funds|
||||2023|2023|
||||f.||
|Staff costs|||97,719|97,719|
|Legal and professional||fees|13,791|13,791|
|Rent and rates|||21,791|21,791|
|Governance|costs||335|335|
|Amortisation|&depreciation||16,719|16,719|
||||150,355|150,355|
||||||Charitable|Total|
|---|---|---|---|---|---|---|
||||||activities|funds|
||||||2022|2022f|
|Staff costs|||||94,203|94,203|
|Legal and professional||fees|||11,402|11,402|
|Rent and rates|||||23,712|23,712|
|Amortisation|&depreciation||||19,609|19,609|
||||||148,926|148,926|
|Auditor's
remuneration|||||||
||||||2023f|2022|
|Fees payable|to the company's||auditor|for the audit ofthe company's|||
|annual accounts|||||9,220|7,750|
|Fees payable|to the company's||auditor|in respect of:|||
|Other services|||||1,000|1,000|
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|Staff costs|||
|---|---|---|
||2023f|2022f|
|Wages and salaries|491,307|403,348|
|Social security costs|46,232|26,966|
|Other pension costs|11,898|15,912|
||549,437|446,226|
|||||2023|2022|
|---|---|---|---|---|---|
|||||No.|No.|
|Average no. ofemployees||||16|13|
|The average headcount|expressed as full-time|equivalents|was:|||
|||||2023|2022|
|||||No.|No.|
|Staff||||12|10|
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|Intangible assets||
|---|---|
||Software|
||E|
|Cost||
|At 1 October 2022|92,496|
|At 30September 2023|92,496|
|Amortisation||
|At 1 October 2022|76,660|
|Charge for the year|15,836|
|At 30September 2023|92,496|
|Net book value||
|At 30September 2023||
|At 30September 2022|15,836|
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|||Office|
|---|---|---|
|||equipmentf|
||Cost||
||At 1 October 2022|15,119|
||At 30September 2023|15,119|
||Depreciation||
||At 1 October 2022|14,236|
||Charge for the year|883|
||At 30September 2023|15,119|
||Net book value||
||At 30September 2023||
||At 30September 2022|883|
|11.|Fixed asset investments||
|||Unlisted|
|||investments|
|||f.|
||Cost or valuation||
||At 1 October 2022|389,086|
||Revaluations|16,941|
||At 30September 2023|406,027|
||Net book value||
||At 30September 2023|406,027|
||At 30September 2022|389,086|
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|||||||2023
E|2022f|
|---|---|---|---|---|---|---|---|
|Trade debtors||||||15,477|7,842|
|Other debtors||||||1,920|1,920|
|Prepayments|and accrued income|||||48,415|39,176|
|||||||65,812|48,938|
|Creditors: amounts||||falling due|within one year|||
|||||||2023|2022|
|||||||E||
|Trade creditors||||||63,216|9,741|
|Other creditors||||||30,694|22,418|
|Accruals and deferred||||income||115,000|119,230|
|||||||208,910|151,389|
|||||||2023f|2022
f.|
|Deferred income at|||1|October 2022||86,746|125,459|
|Resources deferred|||during the year|||98,383|44,371|
|Amounts
released||from previous|||periods|(86,746)|(83,084)|
|||||||98,383|86,746|
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|Statement offunds|- current|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||30|
|||October|||Gains/|September|
|||2022|Income|Expenditure|(Losses)|2023|
||||F||f.||
|Unrestricted
funds|||||||
|Designated
funds|||||||
|General contingency|8 budget|410,000||||410,000|
|CRM / API project||15,836||(15,836)|||
|Access and inclusion|initiative|30,000||(23,000)||7,000|
|40th Anniversary
initiative||40,000||(40,000)|||
|Organisational
development
initiative||42,857||(28,702)||14,155|
|Brand review initiative||4,400||(4,400)|||
|||543,093||(111,938)||431,155|
|General funds|||||||
|General Funds||32,592|1,222,742|(1,272,275)|16,941||
|Total Unrestricted|funds|575,685|1,222,742|(1,384,213)|16,941|431,155|
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|Restricted funds||||||||
|---|---|---|---|---|---|---|---|
|Founder's
Scholarship||Fund|106,749||||106,749|
|Arts Council England||||108,020|(108,020)|||
|Gillian Dickinson|Trust|||9,375|(9,375)|||
|The Leverhulme|Foundation|||63,800|(63,800)|||
|Emeley Foundation||||3,500|(3,500)|||
|Offenheim||||13,000|(13,000)|||
|Other small grants and||||||||
|donations||||106,917|(106,917)|||
||||106,749|304,612|(304,612)||106,749|
|Total offunds|||682,434|1,527,354|(1,688,825)|16,941|537,904|
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|14.|Statement offunds|Statement offunds|(continued)||||||
|---|---|---|---|---|---|---|---|---|
||Statement offunds||- prior year||||||
|||||||||Balance at|
||||Balance at|||||30|
||||1 October|||Transfers|Gains/|September|
||||2021|Income|Expenditure|in/out|(Losses)|2022|
|||||||||f.|
||Unrestricted||||||||
||funds||||||||
||Designated||||||||
||funds||||||||
||General||||||||
||contingency|&|||||||
||budget||410,000|||||410,000|
||CRM /API||||||||
||project||34,329||(18,493)|||15,836|
||Access and||||||||
||inclusion||||||||
||initiative||30,000|||||30,000|
||40th Anniversary||||||||
||initiative||40,000|||||40,000|
||Organisation|al|||||||
||development||||||||
||initiative||70,000|||(27,143)||42,857|
||Brand review||||||||
||initiative||20,000|||(15,600)||4,400|
||||604,329||(18,493)|(42,743)||543,093|
||General funds||||||||
||General funds||41,548|1,093,769|(1,132,912)|42,743|(12,556)|32,592|
||Total||||||||
||Unrestricted||||||||
||funds||645,877|1,093,769|(1,151,405)||(12,556)|575,685|
##
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|Restricted
funds||||||
|---|---|---|---|---|---|
|Founder's||||||
|Scholarship||||||
|Fund|106,749||||106,749|
|Arts Council||||||
|England||122,158|(122,158)|||
|Gillian Dickinson||||||
|Trust||1,964|(1,964)|||
|The
I everhulme||||||
|Foundation||36,040|(36,040)|||
|Garfield Weston||||||
|Foundation||25,000|(25,000)|||
|PRS Foundation||14,000|(14,000)|||
|Other small||||||
|grants and||||||
|donations||97,354|(97,354)|||
||106,749|296,516|(296,516)||106,749|
|Total offunds|752,626|1,390,285|(1,447,921)|(12,556)|682,434|
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|Analysis ofnet assets between funds - curr|ent year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2023|2023|2023|
|Fixed asset investments|299,278|106,749|406,027|
|Current assets|410,219|(69,432)|340,787|
|Creditors due within one year|(278,342)|69,432|(208,910)|
|Total|431,155|106,749|537,904|
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|Analysis|ofnet assets between funds - prio|r year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
||||f.||
|Tangible|fixed assets|883||883|
|Intangible|fixed assets|15,836||15,836|
|Fixed asset investments||282,337|106,749|389,086|
|Current assets||380,518|47,500|428,018|
|Creditors|due within one year|(103,889)|(47,500)|(151,389)|
|||575,685|106,749|682,434|
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|Reconciliatio|n
of ne||t movement
in funds to net cash flow f|rom operating|activities||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||F||
|Net income/(expenditure)
for the year (as per the Statement||||of Financial|||
|Activities)|||||||
||||||(144,530)|(70,192)|
|Adjustments|for:||||||
|Depreciation|charges||||883|1,116|
|Amortisation|charges||||15,836|18,493|
|Gains/(losses)|on investments||||(16,941)|12,556|
|Dividends,
interests||and rents from investments|||(5,338)||
|Decrease/(increase)|||in debtors||(16,874)|30,588|
|(Decrease) /|increase||in creditors||57,521|(91,252)|
|Net cash used in operating
activities|||||(109,443)|(98,691)|
|Analysis of|cash and cash equivalents||||||
||||||2023|2022|
||||||f|f.|
|Cash in hand|||||274,975|379,080|
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