2022-03-31-accounts

		Page
Trustees' report		1-4
Statement ofTrustees'	responsibilities
Independent auditor's	report	6-8
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements	12-22

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2622	2022	2022	2021	2021	2021
			Notes	8	6	8	8	6	8
IggiLmm from:
Donations and legacies			3	95,126		95,126	132,855	10,000	142,855
Charitable activities			4	363,698		363,698	298,868		298,868
investments			5	27,583		27,583	18,571		16,571
Total Income				486,407		486,407	448,294	10,000	458,294
Exaggg(INBggg'
Raising funds			8	1,591		1,591	744		744
Charitable activities			7	482,132		482,132	402,712	10,000	412,712
Total expenditure				483,723		483,723	403,458	10,000	413,456
Net gains/(losses)		on
Investments				1,486		1,486	36,977		36,977
Net incoming resources
befom transfers				4,170		4,170	81,815		81,815
Gross transfers	between
funds				13,767	(13,767)
Net Income/(expenditure)			for
the year/
Net movement	In	funds		17,937	(13,767)	4,170	81,815		81,815
Fund balances st 1 April			2021	1,382,015	23,787	1,405,782	1,300,200	23,767	1,323,987
Fund balances	at	31March
2022				1,399,952	10,000	1,409,952	1,382,015	23,767	1,405,782

				2022		2021
			Notes	f		f
Fixed assets
Tangible assets			11		19,445		19,557
Investments			12		1,061,280		793,821
					1,080,725		813,378
Current assets
Stocks			13	50		50
Debtors			14	50,962		73,644
Cash at bank and in	hand			297,460		531,853
				348,472		605,547
Creditors: amounts	falling due within
one year			15	(19,245)		(13,143)
Net current assets					329,227		592,404
Total assets less current		liabilities			1,409,952		1,405,782
Income funds
Restricted funds - general			16		10,000		23,767
Unrestricted funds
Designated funds			17	13,767
General unrestricted	funds			1,386,185		1,382,015
					1,399,952		1,382,015
					1,409,952		1,405,782

		Notes	2022 6		2021 f
Cash flows from operating	activities
Cash generated from operations		21		11,715		23,210
Investing activities
Purchase oftangible fixsd assets			(7,717)		(10,334)
Purchase ofinvestments			(301,706)		(15,881)
Proceeds from disposal of investmsrss			35,732		6,769
Investment Income received			27,583		16,571
Net cash used In Investing	activities			(246,108)		(2,875)
Net cash used In financing	activities
Net (decrease)flncrssse in cash and cash
equivalents				(234,393)		20,335
Cash and cash equivalents	at beginning	ofyear		531,853		511,518
Cash and cash equivalents	at end ofyear			297,460		531,853

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
		6	f
Income	from listed investments	27,559	16,510
Interest	receivable	24	61
		27,583	16,571

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			6
Fundraisin	and	ublici
Other fundraising		costs	1,591	744
			1,591	744

	2022f	2021 6
Staff costs	332,926	291,012
Depredation and impairment	7,830	8,876
Other staff costs	1,903	2,411
Building costs	45,402	32,718
Transport and travel	14,335	10,898
General welfare costs	33,073	33,236
Office expenditure	13,913	10,136
Insure ness	3,186	3,054
Holidays and events	2,616	765
	455,184	393,106
Share ofgovernance costs (see note 8)		19,606
	482,132	412,712
Analysis by fund
Unrestricted funds	482,132	402,712
Restricted funds - general		10,000

Support c	osts
		Support	Governance	2022	2021
		costs f	costs	8	8
Audit fees			2,650	2,650	2,400
Legal end	professional		5,842	5,842	5,226
Bank charges and interest			285	285	423
HR professional fees			5,358	5,358	4,768
Investment	management		12,813	12,813	6,769
			26,948	26,948	19,606
Analysed	between
Charitable	activities		26,948	26,948	19,606

The average monthly number ofemployees during the y	ear was:
	2022	2021
	Number	Number
Direct chargeable activities	18	18
Employment costs	2022f	2021f
Wages and salaries	300,070	263,857
Social security costs	18,457	13,911
Other pension costs	14,399	13,244
	332,926	291,012

Tangible fix	ed asset	s
			Freehold land	Fixtures and Motor vehicles		Total
			aod buildingsf	flulogsf	f
Cost
At 1 April 2021			3,403	135,550	60,587	199,540
Additions				7,717		7,717
At 31 March	2022		3,403	143,267	60,587	207,257
Depreciation	and Impairment
At 1 April 2021				127,970	52,012	179,982
Depreciation	charged	In the year		5,405	2,425	7,830
At 31 March	2022			133,375	54,437	187,812
Carrying amount
At 31 March	2022		3,403	9,892	6,150	19,445
At 31 March	2021		3,403	7,580	8,574	19,557

Fixed ass	et	Investments
				Listed
				Investments
				6
Cost orvaluation
At 1April	2021			793,821
Additions				301,706
Valuation	changes			1,486
Dlsposals				(35,733)
At 31 March		2022		1,061,280
Csnytng	amount
At 31 March		2022		1,061,280
At 31 March		2021		793,821
			2022f	2021 8
investments		at fair value comprise:
Bonds			233,286	177,562
Equitiss			713,531	534,217
Alternative		investments	97,395	61,352
Cash			17,068	20,690
			1,061,280	793,821

14	Debtors
				2022	2021
	Amounts falling due		within one year:	5	5
	Trade debtors			14,249	38,597
	Other debtors			26,130	26,580
	Prepayments	and accrued income		10,583	8,467
				50,962	73,644
15	Creditors: amounts		falling due within ons year
				2022	2021
				5
	Other taxation	and social security		5,634	3,902
	Trade creditors			4,546	4,939
	Accruals			9,065	4,302
				19,245	13,143

			Movement	In funds
		Salsnce at	lncomlne	Resources	Balance at	tlansfers	Salance st
		1Aprn 2020	resources	expended	1 April 2021		21 March
		6	6	6	5		202II
In memory ofChristopher
Turner,	for music room	10,000		(10,000)
Pension	reserve	13,767			13,767	(13,767)
National	Lottery grant-
Music Project			10,000		10,000		10,000
		23,767	10,000	(10,000)	23,767	(13,767)	10,000

								Movement	Movement
								In	funds
									lneomlna		Set&neo		st	Tlsnsfsrs	Sslsnes st
									msosfcss		1Aprfi sc21				St iasreh
										8			6
	Pension fund													13,767		13,767
														13,767		13,767
18	Analysis ofnet		assets between funds
				Unrestricted		Restricted			Total		Unrestricted			Restricted		Total
					funds	funds						funds		funds
					2022	2022			2022			2021		2021		2021
					8		8			8			6	6		6
	Fund balances st 31
	March 2022 are
	represented	by:
	Tangible assets				19,445				19,445		19,557					19,557
	Investments				1,061,280			1,061,280			793,821					793,821
	Current assets/(lisblfitles)				319,227	10,000			329,227		568,637			23,767		592,404
					1,399,952	10,000		1,409,952			1,382,015			23,767	1,405,782
19	Operating	lease commitments
	At ths reporting		end date	the	Charity hed	outstanding	commltmsnts			for future		minimum		lease payments		under
	non~ncelleble		operating leases, which			fall due as	follows:
														2022		2021
														8		6
	Within one	year												1,152		1,152
	Between two and five years													4,416		4,608
	In over five	years														960
														5,568		6,720

21	Cash generated from	operations				2022f	2021 f.
	Surplus for the year					4,170	81,815
	Adjustments for:
	Investment income recognised in statement			offinancial	activities	(27,583)	(16,571)
	Gain on disposal of investments					(1,486)	(36,977)
	Depreciation and Impairment oftangible		fixed assets			7,830	8,876
	Movemsnts in working	capital:
	(Increase)/decrease in	stocks					200
	Decrease in debtors					22,682	21,616
	Increase/(decrease) in	creditors				6,102	(35,749)
	Cash generated from	operations				11,715	23,210
22	Auditor's liability limitation agreement