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2021-07-31-accounts

SORP reference
Summary
ofthe purposes
of
the charity as set out in its
governing
document
Summary
ofthe main
activities
in relation to those
purposes
for the public
benefit,
in particular,
the		 Para 1.17
Para 1.17and
1.19		 To promote the development
of musical
education
for children
and young people in
Derby City and the surrounding
area.
To provide opportunities
for young people to
receive coaching
in ensemble
playing and
singing.
activities, proiects orservices
identified
in the accounts.
Statement
confirming
whether the trustees have
had regard to the guidance
issued
by the Charity		 Para 1.18 6uidance reviewed
by Chair ofTrustees and
disseminated
by email and
in trustee meetings.
Commission
on public
benefit

Achiev ements
and Pe		 rformance
SORP reference
Derby Music Centre offers a range ofbands,
orchestras
and cholrs which cater for the needs
Summary
ofthe main
achievements
ofthe charity,
identifying
the difference the
charity's
work has made to
the circumstances
of its		 Para 120 ofa range ofabilities. It provides more
spedallsed
coaching ln ensemble
playing than
young people are usually able to access in
schools. Itgives performance
opportunltles-
both in groups and solos, in both large and
beneficiaries
and any wider
benefits to society as a
whole.		 small concert venues. When the centre was
unable to meet facetoface in the recent
coronavlrus
pandemic ensembles
continued to
meet online, providing
a much valued creative
outlet for young people particularly
for those
whose families were shielding. Where pupils
circumstances
require flnandal
support
bursarles
are available. Some students
complete their 'volunteering'
element ofthe
Duke of Edinburgh
Award with the centre.

Achievements
against		 Pare 1.41
objectives set
Performance
offundraising
activities against objectives Para 1.41
set
Investment
performance		 Para 1.41
against objectives
Other
Financial Review
Review ofthe charity's
financial
position at the end
ofthe period
Statement
explaining
the
policy for holding
reserves
stating
why they are held
Amount ofreserves
held		 Para 1.21
Pars 1.22
Para 1.22		 Accounts complied
by treasurer
and audited
by
external accountant.
This Is then formally
reviewed
by the trustees.
Reserves maintain
a minimum
off20,000in
case ofloss (particularly
uninsured
music
catalogue).
In addition, aterm's costs also kept
In reserve to ensure smooth cash flow.
Minimum
balance approximately f30,000
Reasons for holding zero
reserves		 Para 1.22 during time period speciged.
N/A
Details offund materially
in
deficit		 Para 1.24 Not in Deficit
Explanation
ofany
uncertainties
about the
charity continuing
as a going		 Para 1.23 No uncertainty
while grant from local authority
continues
concern
Additional
information
(optional)
You ma
choose to include further statements		 where relevant
about:
Grant from Derbyshlre
Music Hub. This Is linked
The charity's
principal
sources offunds (including
any fundraising)		 Para L47 to a Service Level Agreement
wIth aseries of
agreed ob)ectlves which Indude
maintaining
high quality standards
and broadening
the
musical experience offered by the centre.
Attendees
also contribute
donations,
together
with ticket sales for concerts and raffle
donations.
Investment
policy and
objectives including
any
social investment
policy		 Para 1.46
adopted
A description
ofthe principal
risks facing the charity		 Para 1.46 Prlndpal
risk Isthe source offunding
being
dependent
on the Derbyshire
Music Hub. Also
the lack ofavailable
Insurance for the music
catalogue.
Other

Contents Page
Independent
Examiner's		 Report
Receipts and Payments Account
Statement ofAssets and Liabilities
Notes to the Accounts

2021 2020
Opening Balance 61925 61666
Receipts
Grants note 1 17350 17300
Fees 0 0
Concerts 704 3190
Donations and gift aid 14840 18479
Sundry 0 22
Interest 60 218
32954 39209
Payments
Salaries and associated costs 26626 27371
Rent 4238 4332
Telephone, Internet Stationary &,Postage 143 15
Insurance 405 503
Advertising &Publicity 730 367
Equipment 207 1610
Concert Expenses &.Costs 0 3334
Other fees 1224 731
Donations 200 20
Sundries 365 667
34137 38950
Surplus/DeBcit for period -1183 259
Closing Balance 60742 61925

TATEM E NT OFASSETS AND LIABILI TIES ASAT 31JULY 2021
2021 2020
Monetary Assets
Co-Operative bank current account 2771 1014
Co-Operative bank deposit account 57971 60912
Cash 0 0
Debtors 0 0
60742 61925
Creditors 0 0
Net Assets 60742 61925
Represented by
Unrestricted Funds 60742 61925
Restricted Funds 0 0
60742 61925

Note 1
Grants
2021 2020
f.
Derbyshire County Council/Music Partnership 17350 17300
Note 2
Other fees
2021 2020
Accountancy fees 350 350
First Aid training 180 132
Database costs 250 249
Sundry 444 0
1224 731

Contents Page
Independent
Examiner's		 Report
Receipts and Payments Account
Statement ofAssets and Liabilities
Notes to the Accounts

2021 2020
Opening Balance 61925 61666
Receipts
Grants note 1 17350 17300
Fees 0 0
Concerts 704 3190
Donations and gift aid 14840 18479
Sundry 0 22
Interest 60 218
32954 39209
Payments
Salaries and associated costs 26626 27371
Rent 4238 4332
Telephone, Internet Stationary &,Postage 143 15
Insurance 405 503
Advertising &Publicity 730 367
Equipment 207 1610
Concert Expenses &.Costs 0 3334
Other fees 1224 731
Donations 200 20
Sundries 365 667
34137 38950
Surplus/DeBcit for period -1183 259
Closing Balance 60742 61925

TATEM E NT OFASSETS AND LIABILI TIES ASAT 31JULY 2021
2021 2020
Monetary Assets
Co-Operative bank current account 2771 1014
Co-Operative bank deposit account 57971 60912
Cash 0 0
Debtors 0 0
60742 61925
Creditors 0 0
Net Assets 60742 61925
Represented by
Unrestricted Funds 60742 61925
Restricted Funds 0 0
60742 61925

Note 1
Grants
2021 2020
f.
Derbyshire County Council/Music Partnership 17350 17300
Note 2
Other fees
2021 2020
Accountancy fees 350 350
First Aid training 180 132
Database costs 250 249
Sundry 444 0
1224 731