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|CONTENTS||||Page|
|---|---|---|---|---|
|Company<br>information|||||
|Trustees'<br>report||||2-7|
|Independent|Auditor's|Report||8-11|
|Consolidated|statement|offinancial|activities|12|
|Consolidated|balance sheet|||13|
|Consolidated|statement|ofcash flows||14|
|Notes to the|financial statements|||15-28|





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|Registered|charity name:|charity name:|Band on the Wall||||
|---|---|---|---|---|---|---|
|Company|registration|number:|1893979||||
|Charity number:|||516351||||
|Principal address:|||25 Swan Street||||
||||Manchester||||
||||M4 SJZ||||
|Trustees:|||Mr SSorrell (Chair)||||
||||Ms LAshurst||||
||||Mr J Curnuck||||
||||Mr RJones||||
||||Mr D Kaye||||
||||Mr N Reed||||
||||Mr G Sharp||||
||||Mr H Sharrock||||
||||Ms K Gabay||||
|Auditors:|||Mitchell Charlesworth||LLP||
||||Chartered<br>Accountants||and Statutory|Auditors|
||||3rd Floor||||
||||44 Peter Street||||
||||Manchester||||
||||M2 SGP||||
|Bankers:|||The Co-operative|Bank|pic||
||||1Balloon Street||||
||||Manchester||||
||||M4 4BE||||





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|Key management|personnel: Trustees'<br>and Directors|
|---|---|
|Chair:|Mr SSorrell|
|Trustees:|Ms LAshurst|
||Mr J Curnuck|
||Mr RJones|
||Mr D Kaye|
||Mr N Reed|
||Mr G Sharp (see below)|
||Mr H Sharrock|
||Ms K Gabay|



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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|Funds|Funds|
||||Notes|2021|2021|2021|2020|2020|2020|
|||||E|E|E|f|f|E|
|Income:||||||||||
|Donations<br>and||legacies|5|526,363|919,108|1,445,471|181,270|169,632|350,902|
|Other trading|income||6|190,405||190,405|1,223,178||1,223,178|
|Income from charitable||||||||||
|activities:||||||||||
|Provision of|musical|||||||||
|works and||||||||||
|performances||||59||59|298,674||298,674|
|Total income||||716,827|919,108|1,635,935|1,703,122|169,632|1,872,754|
|Expenditure:||||||||||
|Expenditure<br>on||raising||||||||
|funds:||||||||||
|Commercial|trading|||||||||
|operation<br>costs||||192,027||192,027|747,599||747,599|
|Expenditure<br>on||||||||||
|charitable activities:||||||||||
|Provision of|musical|||||||||
|works and||||||||||
|performances||||655,888|2,740|658,628|891,841|12,053|903,894|
|Total expenditure||||847,915|2,740|850,655|1,639,440|12,053|1,651,493|
|Net incoming||||||||||
|(outgoing) resources||||||||||
|before transfers||||(131,088)|916,368|785,280|63,682|157,579|221,261|
|Transfers|||||||(52,462)|52,462||
|Net Movement||of||||||||
|funds<br>in year||||(131,088)|916,368|785,280|11,220|210,041|221,261|
|Reconciliation||offunds:||||||||
|Total funds brought||||||||||
|forward||||130,794|1,407,656|1,538,450|119,574|1,197,615|1,317,189|
|Total funds carried||||(294)|2,324,024|2,323,730|130,794|1,407,656|1,538,450|
|forward||||||||||





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|||||The Group|The Charity|The Group|The Charity|
|---|---|---|---|---|---|---|---|
||||Notes|2021|2021|2020|2020|
|||||f|f|E|E|
|Fixed Assets||||||||
|Tangible assets|||16|1,942,284|1,924,284|1,522,856|1,522,856|
|Investments|||17||1||1|
|||||1,942,284|1,924,285|1,522,856|1,522,857|
|Current assets||||||||
|Stock|||19|||9,945||
|Debtors|||20|41,815|57,715|76,602|107,193|
|Cash at bank|and in|hand||521,014|500,219|188,579|143,152|
|||||562,829|557,934|275,126|250,345|
|Creditors: amounts||falling due within one year|21|(181,383)|(174,867)|(259,532)|(234,752)|
|Net current|assets|||381,446|383,067|15,594|15,593|
|Net assets||||2,323,730|2,325,352|1,538,450|1,538,450|
|Funds||||||||
|Unrestricted|funds:|||||||
|General|||23|(15,294)|(15,294)|115,794|115,794|
|Designated|||23|15,000|15,000|15,000|15,000|
|Restricted funds|||24|2,324,024|2,325,646|1,407,656|1,407,656|
|||||2,323,730|2,325,352|1,538,450|1,538,450|





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||||2021||2020|
|---|---|---|---|---|---|
||Note|||||
|Cash flows from operating<br>activities||||||
|Cash generated/(used)<br>in operating<br>activities|29||774,743||296,743|
|Net cash (outflow) from operating<br>activities|||774,743||296,743|
|Cash used in investing<br>activities||||||
|Purchase of property,<br>plant and equipment||(442,308)||(214,873)||
|Net cash used in investing<br>activities|||(442,308)||(214,873)|
|Net (decrease) in cash and cash equivalents|||332,435||81,870|
|Cash and cash equivalents<br>at beginning<br>of||||||
|year|||188,579||106,709|
|Cash and cash equivalents<br>at end ofyear|||521,014||188,579|





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|5.|Donations||and legacies|and legacies|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|Funds|Funds|2020|
||||||f|f|f|f|f|f|
||Donations||||||||||
||Private donations||||22,570|10,000|32,570|1,270||1,270|
||Grants and||service|level|||||||
||agreements||||||||||
||Arts Council of England||||503,793|513,035|1,016,828|180,000|36,199|216,199|
||HLF Development|||Phase|||||5,089|5,089|
||Cha rita b|le Trusts||||62,500|62,500||2,000|2,000|
||Charities||Aid Foundation||||||50,000|50,000|
||Carlsberg||||||||13,550|13,550|
||Heritage||Lottery Fund|||183,573|183,573||62,794|62,794|
||Lloyds Bank —Capital||||||||||
||Funding|Loan||||150,000|150,000||||
||||||503,793|909,108|1,412,901|180,000|169,632|349,632|
||||||526,363|919,108|1,445,471|181,270|169,632|350,902|
|6.|Other trading income||||||||||
||||||Unrestricted|Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|Funds|Funds|2020|
||||||f|f|f|f|f|f|
||Commercial||trading||||||||
||operations||||190,405||190,405|1,223,178||1,223,178|
|7.|Income from charitable||||||||||
||activities||||||||||
||||||Unrestricted|Restricted|Total Funds|Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|Funds|Funds|2020|
||||||f|f|f|f|f|f|
||Ticket income|||||||290,662||290,662|
||Other income||||59||59|8,012||8,012|
||||||59||59|298,674||298,674|





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|Analysis of||expenditure<br>on ch|aritable<br>activities|||
|---|---|---|---|---|---|
|||||Total|Total|
|||||2021|2020|
|||||f|E|
|Wages and|salaries (excluding||Bar)|434,855|383,078|
|Staff related||costs||100|4,179|
|Hire of plant||and machinery||214|3,831|
|Advertising||||48|6,741|
|Musicians'|costs|||24,604|256,858|
|Production||costs||19,560|21,701|
|Venue costs||||543|34,090|
|Repairs and||renewals||7,944|4,489|
|Capital funding<br>expenditure||||2,740||
|Support costs (note 10)||||156,179|182,765|
|Governance||costs (note 10)||11,841|6,162|
|||||658,628|903,894|



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||||Total|Total|
|---|---|---|---|---|
||||2021|2020|
||||f|E|
|Costs|||(658,628)|(903,894)|
|Direct grant support|||503,793|193,550|
|Net expenditure|on charitable|activities|(154,835)|(710,344)|





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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||f|f|
||Central support costs:||||||
||Wages and||salaries||1,616|22,373|
||Premises costs||||72,051|70,621|
||Professional||fees||21,493|21,083|
||Telephone||||6,169|4,639|
||Postage and||stationery||242|936|
||Advertising||||3,080|11,139|
||Sundries||||6,934|14,687|
||Travel||||68|4,576|
||Bad debts||||17,954||
||Depreciation||||17,220|21,900|
||Loss on disposal offixed assets||||5,660||
||Bank charges||||3,692|6,811|
||||||156,179|178,765|
||Governance|costs:|||||
||Accountancy||support||3,591|1,912|
||Audit fees||||8,250|8,250|
||||||168,020|188,927|
|11.|Net income/(expenditure)|||for the year|||
||||||Total|Total|
||||||2021|2020|
||||||f|f|
||This is stated||after charging:||||
||Depreciation||||17,220|21,900|
||Auditors fees - for audit services||||8,250|8,250|





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||Total|Total|
|---|---|---|
||2021|2020|
||f|f|
|Wages and salaries|425,174|517,950|
|Socia I security costs|33,415|35,572|
|Pension costs|9,201|13,001|
||467,790|566,523|



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|by the charity|duri|ng the year was:|||
|---|---|---|---|---|
||||2021|2020|
||||No.|No.|
|Management|and|administration|27|35|



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|16.|Tangible fixed assets||||||
|---|---|---|---|---|---|---|
||||||Equipment,||
|||Freehold|Assets under||fixtures &||
||The Group and Charity|property<br>f|construction<br>f|Archiving<br>f|fittings<br>f|Total<br>f|
||Cost||||||
||At 1April 2020|1,175,000|210,041|37,039|418,960|1,841,040|
||Additions||442,308|||442,308|
||Disposals||||(57,470)|(57,470)|
||At 31March 2021|1,175,000|652,349|37,039|361,490|2,225,878|
||Depreciation||||||
||At 1April 2020|||27,220|290,964|318,184|
||Charge for the year|||1,580|15,640|17,220|
||Disposals||||(51,810)|(51,810)|
||At 31March 2021|||28,800|254,794|283,594|
||Net book value||||||
||At 31March 2021|1,175,000|652,349|8,239|106,697|1,942,284|
||At 31March 2020|1,175,000|210,041|9,819|127,996|1,522,856|



|The|Group|The|Charity|The|Group|The|Charity|
|---|---|---|---|---|---|---|---|
||2021||2021||2020||2020|
||f||f||f||f|





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|18.|Financial instruments|Financial instruments|Financial instruments||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||The Group|The Charity|The Group|The Charity|
||||||||2021|2021|2020|2020|
||||||||f|f|f|f|
||Carrying amount||offinancial||assets||||||
||Debt instruments||at amortised||cost||562,829|557,935|261,972|188,592|
||Equity instruments||measured||at cost|less|||||
||impairment||||||||||
||Carrying amount||offinancial||liabilities||||||
||Measured<br>at|amortised||cost|||181,382|174,867|426,387|401,392|
|19.|Stock||||||||||
||||||||The Group|The Charity|The Group|The Charity|
||||||||2021|2021|2020|2020|
||||||||f|f|f|f|
||Goods for resale||||||||9,945||
|20.|Debtors||||||||||
||||||||The Group|The Charity|The Group|The Charity|
||||||||2021|2021|2020|2020|
||||||||f|f|f|f|
||Trade debtors||||||130|33|29,184|1,231|
||Amounts<br>owed by group undertakings|||||in|||||
||which the charity||has a participating|||interest||16,560||63,735|
||Other debtors||||||41,444|40,882|24,224|42,227|
||Prepayments|and|accrued income||||241|240|23,194||
||||||||41,815|57,715|76,602|107,193|
|21.|Creditors: Amounts||falling due||within|one year|||||
||||||||The Group|The Charity|The Group|The Charity|
||||||||2021|2021|2020|2020|
||||||||f|f|f|f|
||Trade creditors||||||31,437|30,822|73,107|52,256|
||Other taxes and social|||security|||9,087|9,087|20,520|20,520|
||Other creditors||||||8,020|8,020|11,280|7,351|
||Accruals and|Deferred||Income|||132,839|126,938|154,625|154,625|
||||||||181,383|174,867|259,532|234,752|





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|Deferred|income|||
|---|---|---|---|
|||2021|2020|
|||f|f|
|At 1April|2020|61,665|98,869|
|Additions|during the year||34,823|
|Amounts|released to income|(34,700)|(72,027)|
|At 31March 2021||26,965|61,665|



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||||1April||||31March|
|---|---|---|---|---|---|---|---|
||||2020|Income|Expenditure|Transfers|2021|
||||f|f|f|f|f|
|Unrestricted|—general||115,794|716,827|(847,915)||(15,294)|
|Designated|fund|—Cocozza project|15,000||||15,000|
||||130,794|716,827|(847,915)||(294)|
||||1April||||31March|
||||2019|Income|Expenditure|Transfers|2020|
||||f|f|f|f|f|
|Unrestricted|—general||104,574|1,703,122|(1,639,440)|(52,462)|115,794|
|Designated|fund|- Cocozza project|15,000||||15,000|
||||119,574|1,703,122|(1,639,440)|(52,462)|130,794|





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||||1April||||31March|
|---|---|---|---|---|---|---|---|
||||2020|Income|Expenditure|Transfers|2021|
||||E|f|f|f|E|
|Tangible|fixed assets|fund|1,409,436|919,108|(2,740)||2,325,804|
|Heritage|Lottery Fund|—Bigger,||||||
|Better, Stronger|||(1,780)||||(1,780)|
||||1,407,656|919,108|(2,740)||2,324,024|
||||1April||||31March|
||||2019|Income|Expenditure|Transfers|2020|
||||E|E|E|E|E|
|Tangible|fixed assets|fund|1,198,344|169,632|(11,002)|52,462|1,409,436|
|Archiving|fund||1,051||(1,051)|||
|Heritage|Lottery Fund|- Bigger,||||||
|Better, Stronger|||(1,780)||||(1,780)|
||||1,197,615|169,632|(12,053)|52,462|1,407,656|



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|||||||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||f||f|
||Turnover|and other income|||||||||190,405||1,223,178||
||Net cost|ofsales|and administrative||||expenses||||(192,027)||(747,419)||
|||||||||||||(1,622)||475,759|
||Donation|to Inner City Music Limited|||||||||||(475,759)||
||Retained|in subsidiary||for period||||||||(1,622)|||
||Balance at 31March 2021|||||||||||(1,622)|||
|27.|Operating|lease|commitments||||||||||||
||At the reporting||date|the charity|||had outstanding|commitments||for future|minimum|lease|payments|under|
||non-cancellable<br>operating||||leases,||which fall due|as follows:|||||||
||||||||The Group||The Charity||The|Group|The|Charity|
|||||||||2021||2021||2020||2020|
|||||||||f||f||f||f|
||Within one year|||||||981||981||981||981|
||Between|two and|five|years||||||||981||981|
|||||||||981||981||1,962||1,962|
|28.|Capital commitments||||||||||||||
||||||||The Group||The Charity||The|Group|The|Charity|
|||||||||2021||2021||2020||2020|
|||||||||f||f||f||f|
||Within one year||||||1,687,634|||1,687,634|2,129,442||2,129,942||
|29.|Analysis|ofnet assets||between||funds|||||||||
||||||||General||Designated||Restricted||||
||The Group 2021|||||||Fund<br>f||Funds<br>f||Funds<br>f||Total<br>f|
||Tangible|fixed assets||||||77,092|||1,847,192||1,924,284||
||Cash at bank and||in hand|||||||15,000|506,014|||521,014|
||Net current assets/(liabilities)|||||||(92,386)|||(29,182)||(121,568)||
|||||||||(15,294)||15,000|2,324,024||2,323,730||





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|||General|Designated|Restricted||
|---|---|---|---|---|---|
|The Group 2020||Fund<br>f|Funds<br>f|Funds<br>f|Total<br>f|
|Tangible fixed assets||125,532||1,397,383|1,522,915|
|Cash at bank and|in hand|173,579|15,000||188,579|
|Net current assets||(183,317)||10,273|(173,044)|
|||115,794|15,000|1,407,656|1,538,450|
|||General|Designated|Restricted||
|The Charity 2021||Fund<br>f|Funds<br>f|Funds<br>f|Total<br>f|
|Tangible fixed assets||77,092||1,847,192|1,942,284|
|Investments||1|||1|
|Cash at bank and|in hand||15,000|485,219|500,219|
|Net current assets||(92,387)||(6,765)|(99,152)|
|||(15,294)|15,000|2,325,646|2,325,352|
|||General|Designated|Restricted||
|The Charity 2020||Fund|Funds|Funds|Total|
|||f|f|f|f|
|Tangible fixed assets||125,532||1,397,383|1,522,915|
|Investments||1|||1|
|Cash at bank and|in hand|128,152|15,000||143,152|
|Net current assets||(137,891)||10,273|(127,618)|
|||115,794|15,000|1,407,656|1,538,450|





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|30.|Cash used in operations|Cash used in operations||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|f|
||Net movement<br>in funds|||785,280|51,269|
||Adjustments<br>for:|||||
||Depreciation|||17,220|21,900|
||Loss on sale oftangible||fixed assets|5,659|1,450|
||Movements<br>in working|capital:||||
||(Increase)/decrease|in stock||9,945|(2,283)|
||(Increase)/decrease|in debtors||34,787|13,750|
||Increase/(decrease)|in creditors||(78,149)|210,297|
||Net cash generated/(used)||in operations|774,743|296,743|