## ## ||||Page| |---|---|---|---| |Significant
Information|||| |Report of the|Directors||2to6| |Auditor's
Report|||7to9| |Consolidated|Statement|of Financial Activities|10| |Consolidated|Balance Sheet||| |Consolidated|Statement|ofCash Flows|12| |Notes to the|Financial Statements||13to 20| |Detailed Trading Account|||21| ## |Company
Registered|Number 2737172|Number 2737172|||| |---|---|---|---|---|---| |Charity Commission|Reference Number||1013838||| |DIRECTORS||Mrs N S Garforth||Chair|| |||Mrs B RJones|||| |||Cllr A C Pinnock|||| |||Mr D Blakeborough|||| |||Cllr LWarner||Appointed|13March 2020| |PRINCIPAL||Mr T Meredith|||| |REGISTERED OFFICE||9 Beast Market|||| |||Huddersfield|||| |||HD1 1QF|||| |ADVISERS|||||| |Bankers||Barclays Bank PLC||Virgin Money|| |||17 Market Place||Jubilee House|| |||Huddersfield||Newcastle|upon Tyne| |||HD1 2AB||NE3 4PL|| |Auditors||G L Barker 8 Co|||| |||47-49Austhorpe|Road||| |||Leeds|||| |||LS158BA|||| |Solicitors||Lupton Fawcett|||| |||Yorkshire
House|||| |||East Parade|||| |||Leeds|||| |||LS1 5BD|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Notes|||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|2020|2019| ||||E|E|E|| ||Income and endowments|from:||||| ||Donations
and legacies||720|500|1,220|80| ||Income from investments||11,051|0|11,051|12,013| ||Income from charitable
activities||1,349,677|0|1,349,677|1,748,726| ||Other incoming
resources||412,842|0|412,842|0| ||Total income and endowments||1 774 291|500|1 774 791|1 760619| ||Expenditure
on:|||||| ||Charitable
activities||1,774,034|351|1,774,385|1,758,870| ||Net incomel (expenditure)||257|149|406|1,949| ||Net movement in funds||257|149|406|1,949| ||Reconciliation
of|||||| ||Total funds brought
forward||1,246,014|5,211|1,251,225|1,249,276| |17|Total funds carried forward||1 246 271|5360|1 251 631|1 251 225| ## ||||||Group|Group|Company|Company| |---|---|---|---|---|---|---|---|---| ||||||2020|2019|2020|2019| ||||||E|||| |Notes||||||||| ||Fixed assets|||||||| |11|Tangible assets||||45,199|1,052|45,199|1,052| |12|Investments||||0|0|120|120| ||Total Fixed Assets||||45 199|1 052|45319|1 172| ||Current assets|||||||| |13|Debtors||||10,692|23,168|10,692|23,168| |16|Cash at bank and|in|hand||1 316747|1 308 182|1 316747|1 308182| ||||||1,327,439|1,331,350|1,327,439|1,331,350| |14|Creditors:|||||||| ||amounts
falling due||within one year||(121,007)|(81,177)|(121,127)|(81,297)| ||Net current assets||||1 206 432|1 250 173|1 206 312|1 250 053| ||Net assets||||1 251 631|1 251 225|1 251 631|1 251 225| ||FUNDS|||||||| ||Unrestricted||||1,246,271|1,246,014|1,246,271|1,246,014| |17|Restricted||||5360|5211|5360|5211| ||||||1 251 631|1 251 225|1 251 631|1 251 225| |Approved
by the directors|||and trustees|on|&~J ~(|~ l|and signed on|| |their|behalf by|||||||| ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| |Notes|||||Funds 2020|Funds 2020|2020|2019| ||||||E|E|E|| ||Net cash|provided|by operating|||||| |15|activities||||47 089|149|47 238|~26 278| ||Cash flows from investing|||activities:||||| ||Interest from investments||||11,051||11,051|12,013| ||Purchase|of fixed|assets||(49,724)||(49,724)|0| ||Net cash|provided|by investing|||||| ||activities||||(38,672)||(38,672)|12,013| ||Net cash|provided|by financing|||||| ||activities|||||||| ||Change|in cash in|the year||8416|149|8 565|~14265| ||Cash at|1.9.19|||1,302,971|5,211|1,308,182|1,322,447| |16|Cash at|31.8.20|||1 311387|5 360|1 316747|1 308 182| ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2020|2019| |---|---|---|---|---|---|---|---|---| ||||||||F|E| |The operating|surplus|is|stated after charging:|||||| |Depreciation|on tangible||fixed assets||||5,577|3,299| |Auditors
remuneration|||||||7,500|8,040| |During the year the auditors||||also received|f438 (2019 - f438) in respect||ofthe|Teachers'| |Pension Scheme audit.||||||||| |EMPLOYEE|INFORMATION|||||||| ||||||||2020|2019| |The average|number|of|full time equivalent||employees|during the||| |year was:||||||||| |Directors|||||||5|7| |Support staff|- music|centres|||||1|1| |Support staff|- office||||||8|9| |Teachers|||||||29|29| ||||||||43|46| ## ## ## |||||2020||2019| |---|---|---|---|---|---|---| |||||E||| |Arts Council||||674,434||675,406| |Other income||||2,766||5,204| |Music education||- parents||440,001||688,827| |Music education||- music centres||71,101||114,282| |Music education||- schools||161375||265 007| ||||1|349677|1|748 726| |OTHER|INCOMING RESOURCES|||||| |||||2020||2019| |||||F||E| |Furlough|wages|||344,319||0| |Pension|grant|||68 523||0| |||||412 842||0| ## |CHARITABLE ACTIVITIES EX|PENDITURE|||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||Funds 2020|Funds 2020|2020|2019| ||E||E|E| |Grant funding|12,291|351|12,642|20,147| |Governance
costs|8,674||8,674|9,265| |Music centres rent|25,876||25,876|40,642| |Sheet music|1,053||1,053|1,469| |Projects|5,403||5,403|500| |Instrument
repairs|18,170||18,170|13,940| |Motor and travel|19,014||19,014|32,460| |Wages|1,544,611||1,544,611|1,485,808| |School liaison|9,905||9,905|12,688| |Rent, rates and water|34,953||34,953|34,984| |Heat and light|5,980||5,980|6,633| |Property
repairs|1,519||1,519|2,894| |Cleaning|2,742||2,742|857| |Telephone|3,952||3,952|4,079| |Photocopier|4,073||4,073|6,344| |Computer
costs|14,079||14,079|19,519| |Printing
and stationery|3,197||3,197|4,683| |Postage|3,013||3,013|6,598| |Bank charges|3,822||3,822|4,610| |Payroll charges|6,758||6,758|6,347| |Legal|5,639||5,639|6,189| |Insurance|23,374||23,374|17,969| |Training costs|4,153||4,153|5,792| |Marketing|310||310|1,285| |Sundries|1,002||1,002|2,901| |Depreciation|5,577||5,577|3,299| |Bad debts|4,895||4,895|6,970| |Total expenditure|1 774 034|351|1 774385|1 755798| ## ## |||2020|2019| |---|---|---|---| |Legal||451|467| |Audit||7,500|8,040| |Indemnity|insurance|723|758| |||8674|9265| ## ## |TANGIBLE FIXEDASSE|TS|||| |---|---|---|---|---| ||Musical|Fixtures and|Computers|Total| ||Instruments|Fittings||| ||E|E||| |Balance 1.9.19|102,277|24,521|16,602|143,400| |Additions|0|0|49,724|49,724| |Disposals|0|0|(11,562)|(11,562)| |Balance 31.8.20|102,277|24,521|54,764|181,562| |Depreciation||||| |Balance 1.9.19|102,277|24,521|15,550|142,348| |Charge for the year|0|0|5,577|5,577| |Disposals|0|0|(11,562)|(11,562)| |Balance 31.8.20|102,277|24,521|9,565|136,363| |Written down value at||||| |31.8.19|||1,052|1,052| |Written down value at||||| |31.8.20|||45,199|45,199| |INVESTMENTS||||| |Investment
in subsidiary|undertaking|||| ## ||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |13|DEBTORS||||||||||| ||||||||Group|Group|Company|Company|| ||||||||2020|2019|2020||2019| |||||||||F|E||E| ||Trade debtors||||||1,287|4,331|1,287||4,331| ||Prepayments||||||9405|18837|9405||18837| ||||||||10692|23 168|10692||23 168| |14|CREDITORS||||||||||| ||Amounts
falling due||||||||||| ||within one|year:|||||||||| ||||||||Group|Group|Company|Company|| ||||||||2020|2019|2020||2019| ||Trade creditors||||||17,084|4,586|17,084||4,586| ||Owed to group|||undertaking|||0|0|120||120| ||Accruals||||||103923|76 591|103923||76 591| ||||||||121 007|81 177|121 127||81 297| |15|RECONCILIATION|||||OF NET INCOME TO NET CASH||FLOW FROII OPERATING|||| ||ACTIVITIES||||||||||| ||||||||Unrestricted|Restricted|Total||Total| ||||||||Funds 2020|Funds 2020|2020||2019| ||||||||E||||| ||Net income|for||the|year||257|149|406||1,949| ||Adjustments||for:||||||||| ||Depreciation||||||5,577||5,577||3,299| ||Investment|income|||||(11,051)||(11,051)||(12,013)| ||(Increase)|in|debtors||||12,476||12,476||(4,335)| ||Increase
in|creditors|||||39,830||39,830||(15,178)| ||Net cash provided||||by operating||||||| ||activities||||||47 089|149|47 238||~26 278| |16|ANALYSIS|OF||CASH AND CASH EQUIVALENTS|||||||| ||||||||||Total||Total| ||||||||||2020||2019| ||||||||||E||| ||Cash
in hand||||||||804,592||348,756| ||Notice deposits|||(3|to 12 months)||||512155||959426| ||Total cash|and||cash||equivalents|||1 316747|1|308 182| |The Gift of Music Fund has been set aside by the D
with challenging
financial circumstances.|irectors to provide bursaries
t|o children| |---|---|---| ||2020|2019| |Balance at 1 September 2019|5,211|6,391| |Donations|500|20| |Expenditure|~351|~1200| |Balance at 31 August 2020|5360|5211| ## |Annual
|commitme|nts
under non-cancell|able
operating
le|ases are a|s follows:|| |---|---|---|---|---|---|---| ||||2020||2019|| ||||Land and|Other|Land and|Other| ||||Buildin
s||Buildin
s|| |Expiring|in less than one year|||||| |Expiring|between|one year and five||||| |years|||18,500|2,880|18,500|2,899| |KIRKLEES INUSIC SCHOOL (Operating|KIRKLEES INUSIC SCHOOL (Operating|as MUSICA KIRKLEES)|| |---|---|---|---| |DETAILED TRADING ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020|||| |||2020|2019| |||E|E| |INCOME|||| |Arts Council||674,434|675,406| |Music education|—parents|440,001|688,827| |Discounts
granted||(10,671)|(17,640)| |Music education|- music centres|71,101|114,282| |Discounts
granted||(1,620)|(1,307)| |Music education|—schools|161,375|265,007| |Other income||2,766|5,204| |Pension grant||68,523|0| |Furlough
wages||344,319|0| |Interest receivable||11,051|12,013| |Donations||720|60| |Total income||1,762,000|1,741,852| |EXPENDITURE|||| |Music centres rent||25,876|40,642| |Sheet music||1,053|1,469| |Instrument
repairs||18,170|13,940| |Projects||5,403|500| |Travel||19,014|32,460| |Wages||1,544,611|1,485,808| |School liaison||9,905|12,688| |Rent, rates and water||34,953|34,984| |Heat and light||5,980|6,633| |Property
repairs||1,519|2,894| |Cleaning||2,742|857| |Telephone||3,952|4,079| |Photocopier||4,073|6,344| |Computer
costs||14,079|19,519| |Printing
and stationery||3,197|4,683| |Postage||3,013|6,598| |Bank charges||3,822|4,610| |Payroll charges||6,758|6,347| |Legal||6,090|6,656| |Audit||7,500|8,040| |Insurance||24,097|18,727| |Training costs||4,153|5,792| |Marketing||310|1,285| |Sundries||1,002|2,901| |Depreciation||5,577|3,299| |Bad debts||4,895|6,970| |Total expenditure||1,761,743|1,738,723| |SURPLUS FOR|THE YEAR|257|3129|