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





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|||||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<br>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<br>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|





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|||||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<br>funds||||||||
|Designated<br>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|





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|||Notes|2022<br>6||2021<br>f||
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Cash generated<br>from operations||21||11,715||23,210|
|Investing<br>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<br>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<br>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|





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



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





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||2022f|2021<br>6|
|---|---|---|
|Staff costs|332,926|291,012|
|Depredation<br>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<br>by fund|||
|Unrestricted<br>funds|482,132|402,712|
|Restricted funds - general||10,000|



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|Support c|osts|||||
|---|---|---|---|---|---|
|||Support|Governance|2022|2021|
|||costs<br>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|



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|The average<br>monthly<br>number ofemployees<br>during the y|ear was:||
|---|---|---|
||2022|2021|
||Number|Number|
|Direct chargeable<br>activities|18|18|
|Employment<br>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|



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|Tangible fix|ed asset|s|||||
|---|---|---|---|---|---|---|
||||Freehold<br>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<br>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|





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|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<br>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|



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|14|Debtors|||||
|---|---|---|---|---|---|
|||||2022|2021|
||Amounts<br>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|



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||||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|





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|||||||||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|



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