2021-03-31-accounts - Community Music Wales/cerddoriaeth Gymunedol Cymru

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					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes			F
FIXEDASSETS
Tangible assets		12	9,552		9,552
CURRENT ASSETS
Debtors		13	12,894	17,970	30,864	17,168
Cash at bank and	in hand		26,976	46,589	73,565	14,081
			39,870	64,559	104,429	31,249
CREDITORS
Amounts falling due within one year		14	(7,265)	(31,612)	(38,877)	(18,127)
NET CURRENT ASSETS			32,605	32,947	65,552	13,122
TOTAL ASSETS	LESSCURRENT	LIABILITIES	42,157	32,947	75,104	13,122
NET ASSETS/(LIABILITIES)			42,157	32,947	75,104	13,122
FUNDS		17
Unrestricted funds					42,157	(9,338)
Restricted funds					32,947	22,460
TOTAL FUNDS					75,104	13.122

					Support
				Direct	costs (see
				Costs f	note 7) f	Totals
	Training			47,533	63,507	111,040
	projects			57,478	17,996	75,474
	Commissions			17,945	24,345	42,290
				122,956	105.848	228,804
7.	SUPPORT COSTS
				Staff		Finance
				costs f	Depreciation f	charges
	Training			50,590	298	95
	projects			14,335	85	27
	Commissions			19,392	115	37
				84,317	498	159
					Governance
				Other	costs	Totals
				f		f
	Training			10,817	1,707	63,507
	projects			3,066	483	17,996
	Commissions			4,147	654	24,345
				18.030	2,844	105,848
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2021 f	2020f
	Depreciation	-owned assets			498	935
	Surplus on disposal offixed assets independent examination fee				2,844	(1,135) 2,844

The average monthly num	ber o	femp	loyees during the year was	as follows:
					2021	2020
Administration staff					1	1
Managerial staff					1	1
Development staff					3	4
					5
No employees received emoluments			in excess off60,000.
No termination payments	were	made	during the year (2020:f3,000 paid to one		employee).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	funds	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies				119,969		119,969
Charitable activities
Training					47,250	47,250
Projects					59,694	59,694
Commissions				34,418		34,418
Other trading activities				8,946		8,946
Other income				1,135		1 135
Total				164,468	106,944	271,412
EXPENDITURE ON
Charitable activities
Training				33,826	60,731	94,557
Projects				85,495	53,298	138,793
Commissions				56,725		56,725
Total				176,046	114,029	290,075
NET INCOME/(EXPENDITURE)				(11,578)	(7,085)	(18,663)
Transfers between funds				~11,393)	11,393
Net movement in funds				(22,971)	4,308	(18,663)
RECONCILIATION OF FUNDS
Total funds brought forward				13,633	18,152	31,785
TOTAL FUNDS CARRIED FORWARD				~9,335)	22,460	13,122


12.	TANGIBLE FIXEDASSETS
						Office		Musical
						equipment f		instruments F	Totals f
	COST
	At 1 April 2020					24,075		13,172	37,247
	Additions					9,622		428	10,050
	At 31 March 2021					33,697		13,600	47,297
	DEPRECIATION
	At 1 April 2020					24,075		13,172	37,247
	Charge for year						486	12	498
	At 31 March 2021					24,561		13,184	37,745
	NET BOOK VALUE
	At 31 March 2021					9,136		416	9,552
	At 31 March 2020
13.	DEBTORS:AMOUNTS		FALLING DUE WITHIN		ONE YEAR
								2021 f	2020
	Trade debtors							5,958	9,507
	Grants due							17,970	7,030
	Prepayments and accrued			income				6,936	631
								30,864	17,168
14.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
								2021	2020
								F	F
	Trade creditors							1,673
	Social security and other		taxes					2,762	2,969
	Accruals and deferred	income						34,442	15,158
								38,877	18,127
	Included within deferred		income above is the following:
								2021	2020
									F
	ACW - Apprenticeships							29,267
								29,267
	The deferred income	relates to income received			in advance	ofproject delivery.
15.	LEASING AGREEMENTS
	Minimum lease payments			under non-cancellable	operating	leases fall due	as follows:
								2021	2020
								F
	Within one year							12,960	12,960
	Between one and five	years						38,880	51,840
								51,840	64,800
	Total lease payments	recognised as an expense			during the	year amounted	to F17,520 (2020:f25,411).

MOVEMENT IN FU	NDS
				Net	Transfers
				movement	between	At
			At 1/4/20	in funds f	funds f	31/3/21 f
Unrestricted funds
General fund			(9,338)	46,179	5,316	42,157
Restricted funds
Paul Hamlyn Foundation			4,671	7,385		12,056
Children in Need			9,399	8,939		18,338
National Lottery Awards			8,390	(5,935)		2,455
ACW - Covid-19: Support for		Arts
Organisations				10,036	(9,938)	98
ACW - Digital Mentoring				~4,622)	4,622
			22,460	15,803	~5,316)	32,947
TOTAL FUNDS			13,122	61,982		75,104
Net movement in funds, included			in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				182,356	(136,177)	46,179
Restricted funds
Paul Hamlyn Foundation				47,250	(39,865)	7,385
Children in Need				20,600	(11,661)	8,939
National Lottery Awards ACW- Covid-19: Support for		Arts			(5,935)	(5,935)
Organisations				11,880	(1,844)	10,036
ACW - Digital Mentoring ACW - Apprenticeships				25,200 3,500	(29,822) ~3,500)	(4,622)
				108,430	~92,827)	15,803
TOTAL FUNDS				290,786	~228,804)	61,982
Comparatives for movement		in	funds
				Net	Transfers
				movement	between	At
			At 1/4/19 f	in funds f	funds f	31/3/20 f
Unrestricted funds
General fund			13,633	(11,578)	(11,393)	(9,338)
Restricted funds
ACW- Professional	Development		for Music
Practioners			13,346	(13,346)
Paul Hamlyn Foundation			4,806	(135)		4,671
Children in Need				9,399		9,399
National Lottery Awards				8,390		8,390
ACW - Caban Ogwen				~11,393)	11,393
			18,152	~7,085	11,393	22,460
TOTAL FUNDS			31,785	~18,663)		13,122

MOVEMENT IN FUNDS - c	MOVEMENT IN FUNDS - c	ontinued	ontinued
Comparative net movement		in funds,		included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted funds
General fund					164,468	(176,046)	(11,578)
Restricted funds
ACW- Professional	Development		for	Music
Practioners						(13,346)	(13,346)
Paul Hamlyn Foundation					47,250	(47,385)	(135)
Children in Need					20,600	(11,201)	9,399
National Lottery Awards ACW- Caban Ogwen					9,990 29,104	(1,600) ~40.497)	8,390 ~11,393)
					106,944	)114029)	~7,085)
TOTAL FUNDS					271 412	~290.075)	~18,663)