2022-08-31-accounts

RE￿Trn COMPAMY NUMBER.. 02233308 (Enqland and Wo19•1 REGISTERED CHARITY NUMBER.. 70130 AJ Pe￿ & Co WR5 3TB

The Elgar School Of Music Limited

Contents of the Financial Statements for the Year Ended 31st August 2022

	Page
Reference and Administrative Details	1
Report of the Trustees	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 to 15

forth• Yav End•d 31•1 Au9u•I 2022 Mr8SIHthv P Sheew ((alrfJ N P Sandy I V•natrA8¥ K Oix COAIPANY 8ECRETARY 1&20 D••rwty V¢R12ES REGISTERED COI&•ANY NUIIBeR 02233XA IE*l arwj INDEPEIIDEiif EXAIIWER A J & Co U"mh¢d Pote WRS 3T3 HSBC VIR12EJ

R•port oeth• Tru•t• Ihe financ4al stst￿ts of tho chwly year 31stAU￿ 2022. The Iruth8s h8ve adLptsJ the of Ac(x)untkng S￿1 Repwting ty Cha￿￿ of ReAxMnmend&J PrncltC8 appfithie to th8rili98 prgrArii¥J thelr accjjunts %bith Rwtir¥ StsrKlwd •F4K¥bkn in th? R•pL4k (rf Irelar•J {FRS 102} leffe￿￿e 1 20191. Oblectlv•s •nd alm• Publlc b•n•fft Th• trustoes Ix)nftmi trwt fA4th th• Sth 17(51 aftho 2011 (Xwlbe8 kt to havo Ygg¥d plannhJ fijture ￿1￿88. Th•nkfvlly. ts majrytty of lh& ffjstrldcrn lo bè kn F• al thè COlqD WKkn120%>211 were grBdu81ty rern1y￿ ONI 14 IIKry WKI (rfwfrnwK>41 yaar lh8 sc1K￿ wa5 p5t4b￿rt opwab'rg os u8U81. M￿1 IndivhdvJl I￿￿nI er• 1.1. and bw to •TW fr). Srm• t•adws a now opornlknns ho¥ t•en apordbd txkY•'rvJ lth lkn ￿ oxlra air rffr•81¥￿ to tho Tho ono #Ma t￿1 Iw Th)t y•t rnsl•t•J 1$ (w t￿16 ww4•. Is 8th In plan8 to rnstart thIB In Iho no#r Ih•r• Illl• lo glven thw natLTh ofth• t￿Ik• The 8chcd con1hj￿ b) njn the (￿jnty ML￿ I1￿. wvj Fknnwwj ID td• 8wathaB of ￿ trom MI Th? 8LLNA CLNthuM kn be an (rthi lor ￿ Trfnlty ABRSM mLa try￿9 . •nd o>)tIrnM to roc•h FINANCIAL REVIEW Tho rwlt for tt yoar • dafrtit d £4.41512Q21". WTkn £&5.7eoi. TN8 ￿r￿$bILl•d funds of £1,491 12021: surFkn £64,045) o (Igffidt on r￿tr￿tsd fvrKh ot £5.￿ {2021.' £1,715I Unr•8tr1 r88orv88. ex¢Wkng l￿d 9$96ts hdd at 31 2022 £60,63612021: £58.0241 Tolal rn8ery68 eB at 31 PAtyu6t 2022 £82.573 {2W21'. £￿.868). The twste85 consld8r that an approprfts nyn¥NJm lfftj crf frno re8•Wo8 SI￿x1 bb fow Tr￿n￿5 cl the chth supw>rt costs which roFY•8•nts a fyJuf• of £21.(￿￿. Vthlst the cwrenl rj re9WV88 sat￿fy thb& ￿lY. Ihe Im$tees are aware that th& th8rty wa8 Mi rg(rt crf assIts￿ th1• year kn order lo Co￿d. Th? tru$1￿ ar• month$ to (￿¢ Oxpwx1￿I• {£32,OLKI) In tho Iwm. 8TRUCTUR& GOVERNANCE AND MA14AGEAEiir Go¥•mlng docum•nt The charilable gyDrAny its 9ry4eming tl* MwrKY8rthm & Aslld85 of Asg(M?atirm thtad 21 9￿8r￿10•, a8 thfinad by ts)pani•s Ad 2rTh. gu￿￿￿# tOLYrftrf￿ £1 In thè 8¥0nt cla

R•wt orth• Tn￿t• STRUCTURE. GOVERNANCE AIID MANAGEMENT R￿rUmment and appoinimert of lThstees Chalr. oflocus arn Ho01th a￿1 Sal8ty and Chld PTOte(kn. Al t*)hieB are #nntwny made av￿￿1 Thi8 Wlort has b••n rK•p••d kn aLtonkn %4lh ts ￿￿1 ofPwt 15 (IV)• COMP￿088 2rxrf r•latJna lo Is And Ilj t￿h•ll by..

knend•nt EMamiW6 Report to thpTru6te•• ol Th• EJW &hool Oll1 Lknll8d lfithp•nd•nt •xafvthwfs1g￿1Oth• olTh• Bg4Y Srthool (XlthJ•S¢ Lknll•d nh• C¢>mpnfl l sewrl chafty trts1088 my Èx¥n¥wbJn of the yoBr endod 31stAuuwl 2022. Rg•POn8lbilrtw and t¥i• of report A8 cWty% ￿￿tee¥ of Ccffjpany dso dYe(th kn th8 p4upLqe$ ol c£¥npwwlwl a￿ rè¥rf)n6de feA Hav￿9 S8118W mys•ll that th8 act￿ntS of ￿ Ccrfnp8ny are m]uir•l fr) Part 16 of th8 2006 A Bntr are for Indwdent &¥8rrin8bon. I li r¢8pxt of Thy of xounl8 a6 camed out undef Sect'on 14S ¢4 tho Qwritie$ Act 2011 fthe 2011 In £r￿a out rny I h8¥8 ftslowed the 4ven by I1 Chwty co1￿1$￿ unthr Sécl¢%) iwl Iblof ihe 2011 kt knd•p•nd•nt #t•t•m I h8ve corfiF4sted my ewknakn. I cordkn that no mthrg hava ITr c{mned￿ lth the •CCWnTS do ￿t acurtd t￿fj reKordB: uiiwent Ihal thts gh a fa tdch th Mt • mattor r4)rhaered as pwt d an Indlprthil •￿I￿al￿,. or the ¥AXJLmts havè wepThrEd In with tht rnethoth and sYknles of th8 siatement or Recomm(￿d0d Pr4dco actourfng res￿￿¥ by to tlbtrths w•p4riThJ Iholr accwr In ac¢(¥dwK lh• Re￿1￿"￿ Stsrthrd 4Ff4k4• In th• UK Rep￿ oflthd IFRS 1tr2)1. I h•Y• no ¢￿(•rE<j 4Th) h•ve cun¥ BL￿5 rn Othor rnattern lb) Ih¢ •xwni)•liJn bt ￿tt￿￿n shalld b8 drnwn In tNs rfrr•Xt kn to ¥ wopgr urthsi)Jr¥J ol Iho acc•￿ts to b• r•ad￿J. Peach A J Peach a Co 1D4 f3rn88hopwrA¥•r Sl Peters Woreè$lw Worco8t4rshlr• WRS 3TB

forth• Ymr End•d 31gt Auyot 2021 Totat fund6 ¥ reststsd Totsl fvnd• INCOME AND ENDOWIIEM FR(XI Donationi and 18gaca•s 18.2 94.507 Ch•rll•bl• •etl¥lU IX,2311 90,221 18 Totsl 142 189731 Ral8lrKJ 218 Chvltsbh a¢tMtI•¥ Tot•1 NET INCOMEI(EXPENDifuAe) 12,04n (4A151 65,7 18 14415) RECONCILIATION OF FUNDS 78283 &725 .988 21.228 TOTAL FUN08 CARRIED FORWARD 79 754 ￿1• ￿$7¥

•lanct Sheet 31•t A￿9￿¢ 2f 2022 Tolal 2021 Totsl FIXED ASSEf8 TangNa assets 15 19.118 17.748 CURRENT ASSETS D8btors C•th at b￿k and In Iw¥J 18 1,167 187 26,072 17.31• 78.352 CREDITOR3 vlan y•w 17 P.U4) P.8641 17.110) NET CUIIREKf ASSEr8 Th7S4 2.81• 073 FUNDS Unts8trpX￿ lunds 18 .754 19 78.263 TOTAL FUNDS Tho dwrllablo company 1$ ¢nttl•d to •xwnpkn from und8r S•kn 4TT of Ctynpnlo8 2006 ￿ tho >#r •r#l•d 31at A￿U￿t 2022. 3111 Auty￿ 2022 kn acconlm ￿ Sedkn1476 Ollts CthiynlB¥ Ad 2 181 •n$uTing Ihbt Ihe dwtlth conN)gry thot Seclkx 388 and 387 Lrf tho cOr￿Tr￿ Act *vJ opawfjTrJ 8tat8rnonts and (tyk vkn of statg of •ffalr8 of tho charilablel company

t the end ol eath y•w ArKI of ts gWpI￿ of defidi lor fKwKial yoar in 8eo)rd•rt• wkn th

•qulr8m8nts ol S•eti¢Th 394 Jnd 395 wvj th• ot tho Compqnkn Act 2￿6 rglaiing to statthnents. ￿ lar 98 appfrpi49 lo Ihg dwllth 0)rn￿. Ibl 8Lrtiodto the Mrnaif r•fv. The finand .. WKI ￿T0 119r*J bth￿ty. P sheernn. Trust0•

forth• Ywr End•d 31st 2022 STATufoRY INFORMATION Tru8tses' RW. In the Lrf ths ￿. in of thè guarantso Iwnited to £1. ACCOUPMNG POLiaES BASIS OF PREPARIIIG THE FINANC￿ STATEIAEKTS The fin8ncaal ststem8nls ol th• charitsbl? cornpony, a put tn•ll FRS 102. he￿ been prepar&J In ￿￿¢10￿ vhlh th8 Chath SORP IFRS 1021 'Actwty RerK>rts'ng lry Ch•llies.' Statement Rewllrg standa￿ aFplaL4 UK 8rn1 Rewt of Ireland (FRS 1021 lefftiv• 1 J#nuary 2019y, Financlal Rewjrtlng Slandard 102 SIV￿ard ap￿￿£• in th• UK Republ￿ ol Ird•)d' and th INCOME UatANU•8 ¥rg rwowl as a8 won AS bj • obyoatknn c>JmmMllrv horty k that e¥wdittx•. It Is wrknat4e that a of b8nofi18 w￿1 b• rw4wred in Ihe am0￿ of the rt41gakn be ralatAy. ExpwKlhuwp 18 a9X￿nIed Ic on an acLrual8 ba￿ and hal bt8n d8•8M•J urrtJ8r h8adlTry bw •wreW& al cThl r•lthl to lh8 c41wy. VlTr•ro cJsts cannot be TANGIBLE FIXED ASSETS PAUS￿￿1 In•trum¢nts. 10% on (•iK4FYJ td8 TAXATION FUND ACCOUPIT114G R￿)￿15 puid (yr8l¥y1oa808 ￿ thaffjod Ststrnrt d FInar¥￿ ktr*lll88 on o straight 1>88 over Ihe pgrbj rAthe lease. thay rela Pop7 Conlknu￿...

lor th• Ywr Endgd 31•t Augu￿ 2022 AccouimNG P¢XICIES. conlknu DONATEO GOOD8 AND SER￿E3 the chary. FINANCIAL1148TRUMENTS Flnandl Instrurnefbts l¥su8￿ ot FRS 102 to al cl its instn￿. FhrK481 ln6lrnme￿ m rno)gnJ Financlal assets arn rAfBet, wilh lh8 not wnryJnlS Fre8•r1￿ in th& ato)unts wt¢re thern 18 a I￿ty Entrceat48 rlght to sot off the recogn658d 8rxl th8Te ￿ an to se100 on a net bBBts or to rv8lls8 tho 85set 8ThJ al￿¢ Fln•n¢ld Au•ts me88ured et trtnsadK)n Ind￿￿n9 tra￿￿ (yJ81s wb8wnty c¥1￿0 8t cost Uglng 8a•J¢ FIMrtW Uabllltl•• B88k flnandal IkgtAlllle8, trwje wxl payJW¢yJ. 8rt rwnld at trsn8aclycffi pth urfe th• 8rr8ngwf￿t rJ)n8titut•8 a ISnar￿& tran8adon. vAwro d•bt In81nJrn•nt & m￿S￿Od al th? pr•aMt v4u• 0)8rnllon8 from 8upF4in. Acc¢4Jn18 pay&4e wo daB8rW 88 liatsl#ie8 M pa￿1 IB wAthln y 1•08. ff not. tlw 8r• pr•gèntsd #s jK7fv￿rr•nl lablJM& TrAd• p8yat4•8 4r• rnrtsaDMod inrbally at trenjac co Th8 m(t rNl¢aL ac£¢xmtirv4 Th￿QoM$￿t lh dow•d￿ rnt¢s for tsng1149 thad 8668ts. DM8 fLY thue ralm bo fouThl In ts accounllry pclde8 In TrJl¥ l value of t•wibbè as8•18 can In rKA• 14. fwst4m8rn dwln9 the eurrnnt flrWm)￿ >wr. Ttr￿ vth• •c<¥uwJ kn¢frfn• b•found In note 15. D¢)NATION8 AND LE¢)AC*S 2021 Donatlcm Grnnts 4049 9,7 83.017 OONATED SERVICES AIID FAwfiES The Serv￿￿8 and fwilibej d £1.785 {2021: £1.7(Xl) r8latss kn th• irKknpeThJert examI￿￿on

for Il YwEn(l•d 31•t AUW 2022 14.874 5.000 63.143 10.oc Umcge8 CharttaL48 TnJBt Worcoster (Jty Courna 4000 IP4VESTMENT IPKOME a• r•Jt8tod 18 CNgrftgt4• R•ol8trakn f MUS￿ le880n6 Exam f•08 91.725 3.790 84.333 3.604 23 1.en 4191 caaws wp8 Rotyn trare 18.747 7,31 855 Mu8k Ub Sundry In¢(¥T J02 241 HAl¥r￿LE ACIMnES COST8 Costs Is noto 81 ¢>)sts (Bae r￿? g)

for th• Y•r End•d 31•tA• 2022 2021 as [￿lated Music lessc 50,709 4.111 3.144 S¢hod r￿C￿rt tslk¥ Classos and gro InStrwn￿l r￿￿or$ MUS￿ Litrary Sundry Exp DepredatK Bad d8bts Rol￿ 12.121 5,815 20 1.973 1125 TotslB 10. NEf IN¢OIAWIEXPEIIDITUREI &125 3.750 l•)0 1.905 36 1.973 S.WO 3,706 Hlrè ol plant 8A¥J m8ch Independont Ewiner fee If*J8wdent ExAmtnal 72 f1. •Nlgd 31st +ItyJ￿1 2021. TR118TEW EXPEMSE8 31st Aw8t 2021. 12. 8TAFF cosr8 21rk1 38,071 438 Other per￿knn L¥>Ets 2021 mbnlstrat P•go 10 (￿tin￿ld...

forth• Y•ar End•d 31t AwJu•t 21122 11 sfAFF cosrs. coTrtlnu•d Total a8 r•stat•d OIAE AND EMD(Y•IMEPn FRO 89,107 94.￿7 85221 95.221 Investmnt Incom Total B￿Skn9 funds 216 216 Ch•rlt•bl• •¢tlvlll•• C￿rttat￿• 123 755 Total 123 971 MEf INCQIIE Trn￿•f￿ l¥•tw••n ￿thd• 65.780 1.71S 65,760 AECONCILIAYK￿ OF FUP•)S 14.218 7.010 21,228 TOTAL FUNDS CARRED FORWARD PJe11 conlonued...

Y••r End•d 31•tAwt 2022 15. TANG18LE FIXED AS￿s Musul knstnfftiont equipmemt Al 1st S•ptwnbor2021 Ai 318tW2022 DEPRECIATION At 1st S9Pt9mber 2021 47.803 At 318tAW 2022 NEf BOOK VALUE Ai 318t August 2022 Al31st￿￿912￿2l 10. DE8TOR8: APIOUNTS FALL14G DUE Iimiw IYIE YEAR 2022 2021 Tradtr debtorn Cth8r d•biors 472• 8.4W) 10 17. CftEDifoR8: AM(YJNT8 FAWNG DUE IIITHM OME YEAR 2022 1,649 197 1,774 Other cr￿1￿01￿ 1.5&1 Deferrgd relateB to fe86 T￿e￿j in tho accountw¥ year lor hthj after 318t •nd i• not r•c44ri#•d in thy4 FKJd. 12 conlknued...

fof th• Ymr End•d 31*1 Awt 2tyI2 At 1.921 in funds 31.8.22 11047) 3.530 79.7J4 SdK4arnhlp fijnd P H1￿Irrfj Mem￿1 trumenl fv￿J 313 313 1488) Dem8nt4a coTh7rt furKI Equ¥Jmgnt and mk8¢dlaDwJu8 100 100 And lund 914 TOTAL FUMDS Int￿11 In ftTh18 Unr••trl¢t•d fvnd• Grffjor81 fiJThJ 142.411 {144.Y51 1104n Worcester c￿￿MY￿ FwKlalcn and cO￿d lund 12.368) TOTAL FUNDS 142 1$ Trnnsf•rn At 1.920 31.8.21 Ilnr••trlct•d G￿vr￿ fiJnd 14218 78,263 {w) S￿￿tarsh￿l P Harding m￿On￿ fw Instrument I￿j R8futhL8hment fvnd Music Makirg fuTrJ 313 313 8C t.09S 3.050 1.120 125> (4501 (1.17TI 1(Kl Equiw•nt and ffli5cellanwus rwlr fuThJ 85 and cO￿d fijnd 2,892 8.725 TOTAL FUND8 21 Pap 13 conUN•J...

for th• Ymr End•d 3151 Au￿1 2022 18. AIOVEMEiif IN FUMDS. cwdknu•d eXpW￿ed In funds Genfrrd 184.331 1121.463> R••trl¢t•d fvnd• Spécial ES UNRESTRICTED FUND by th• TnAt•• RESTRICTED FUNDS Sp•clal Educallon•l N••d• Fund 8cholar•hlp Fund Thls fund Is rnslrfcted for th• rj ft 8trln9 brn88 P Hrdlng IA•morfd F¢wxl Th18 fuThJ w98 U•At•d In tho rrf P Il purp(w an ￿18¥y. R•furblshm•nt FWMI Mu•lc M•klng Fund D•m•nth Cone•rt Fund Equl>nwrt •nd lffj•c•ll•n•ou• R•p•tr FIN WorE•¥t•r Communlty F)undlon Cleanlw and Co¥ld Fund During the year £3,050 vra5 Iran￿￿T￿y frrn Ihe reslJkW RthMt*51Thent Fund the GBn•ral Fvnd and £488 was IMsf8rrod frcth r•strlcl•d Ir￿trUment Ffftl General Furnl, rWreS￿ the v4lu& ol cW81 Page 14 c￿￿"rIU￿...

forlh• Y••r End•d 31st Augu•t 2W22 18 also a Director. No foe was Ihis arKI lheref￿ a d￿at￿l servM* of £1,78512021'. £1.7001. Pagè 15