2021-08-31-accounts - Kirklees Music School

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				Page
Significant	Information
Report of	the	Directors		2 to 6
Auditor's	Report			7 to 9
Consolidated		Statement	of Financial Activities	10
Consolidated		Balance Sheet
Consolidated		Statement	of Cash Flows	12
Notes to	the	Financial Statements		13to 20
Detailed	Trading Account			21

DIRECTORS		Mrs N S Garforth		Chair
		Mr D Blakeborough
		Cllr A C Pinnock
		Cllr L Warner
		Mrs H P Davies		Appointed	23 July 2021
		Mr BJones		Appointed	23 July 2021
		Mr M McKirgan Mr AJ Harris		Appointed Appointed	23 July 2021 23 July 202'I
		Mr J MNunn		Appointed	23 July 2021
		Mrs B R Jones		Resigned	11August 2021
PRINCIPAL		Mr T Meredith
REGISTERED	OFFICE	9Beast Market
		Huddersfield
		HD1 1QF
ADVISERS
Bankers		Barclays Bank Pi	C	Virgin Money
		17Market Place		Jubilee House
		Huddersfield		Newcastle	upon Tyne
		HD1 2AB		NE3 4PL
Auditors		G L Barker 8 Co
		47-49 Austhorpe	Road
		Leeds
		LS158BA
Solicitors		Lupton Fawcett
		Yorkshire Mouse
		East Parade
		Leeds
		LS1 5BD

(I	NCORPORATING THE CON	SOLIDAT	ED INCOME AN	D EXPENDIT	URE ACCO	UN	T)
Notes			Unrestricted Funds	Restricted Funds	Total 2021		Total 2020
					E		F
	income and endowments	from:
	Donations and legacies Income from investments		2,766 4,326	120 0	2,886 4,326		1,220 11,051
	Income from charitable activities		1,368,601	0	1,368,601	1,349,677
	Other incoming resources		375,896	0	375,896	412,842
	Total income and endowments		1 751 589	120	1 751 709	1	774791
	Expenditure on:
9	Charitable activities		1,800,782	240	1,801,022	1,774,385
	Net incomel (expenditure)		(49,193)	(120)	(49,313)		406
	Net movement in funds		(49,193)	(120)	(49,313)		406
	Reconciliation of
	Total funds brought forward		1,246,271	5,360	1,251,631	'l,251,225
17	Total funds carried forward		1 197078	5240	1 202 318	1 251 631

			Group	Group	Company	Company
			2021	2020	2021	2020
			E
Notes
	Fixed assets
11 12	Tangible assets Investments		59,958 0	45,199 0	59,958 120	45,199 120
	Total Fixed Assets		59958	45 199	60078	45319
	Current assets
13	Debtors		134,726	10,692	134,726	10,692
16	Cash at bank and	in hand	1 120695	1 316747	1120695	1 316747
			1,255,421	1,327,439	1,255,421	1,327,439
14	Creditors:
	amounts falling due within one year		(113,061)	(121,007)	(113,181)	(121,127)
	Net current assets		1 142 360	1 206432	1 142240	1 206 312
	Net assets		1 202 318	1 251 631	1 202 318	1 251 631
	FUNDS
	Unrestricted		1,197,078	1,246,271	1,197,078	1,246,271
17	Restricted		5 240	5 360	5 240	5360
			1 202 318	1 251 631	1 202 318	1 251 631

					Unrestricted	Restricted	Total	Total
Notes					Funds 2021	Funds 2021	2021	2020
						E
15	Net cash activities	provided	by operating		~155799	~120	~155919	47238
	Cash flows from investing			activities:
	Interest from investments				4,326		4,326	11,051
	Purchase	of fixed	assets		(44,459)		(44,459)	-49,724
	Net cash activities	provided	by investing		(40,133)		(40,133)	-38,672
	Net cash	provided	by financing
	activities
	Change	in cash in	the year		~195932	~120	~196052	8 565
	Cash at	1.9.20			1,311,387	5,360	1,316,747	1,308,182
16	Cash at	31,8.21			1 115455	5 240	1 120695	1 316747

OPERATING	LOSS/SU	RPLUS OF THE CONIPANY
			2021	2020
			F	E
The operating	loss/surplus	is stated after charging:
Depreciation on tangible Auditors remuneration		fixed assets	29,700 7,500	5,577 7,500

During the ye services. EMPLOYEE	ar the auditors also received INFORMATION	F564 (2020	-2438) in resp	ect of non au	dit
				2021	2020
The average	number of full time equivalent	employees	during the
year was:
Directors				5	5
Support staff Support staff Teachers	- music centres - office			1 8 27 41	1 8 29 43

NOTES TO THE	ACCOU	NTS FOR TH	E YEAR ENDED 31 A	UGUST 2021
				2021	2020
ENIPLOYEE INFORNIATION		- Continued
The average total number of		staff (includes	part time staff) was:
Directors				5	5
Support staff - music Support staff - office Teachers	centres			4 11 55	5 11 60
				75	81
Staff costs for all the	above were:
				2021	2020
				F	f.
Salaries and wages Redundancy Social security costs Defined benefit pension Defined contribution pension		scheme		1,156,640 6,759 75,516 216,708 57 601 1 513423	1,195,314 0 86,058 221,637 41 602 1 544611

implications for the company in term DONATIONS AND LEGACIES	s ofthe anticipate	d contribution r	ates.
	Unrestricted	Restricted	Total	Total
	Funds 2021	Funds 2021	2021	2020
	E		E
Donations	2 766	'I20	2 886	1 220
INCOINE FROM INVESTMENTS
	Unrestricted	Restricted	Total	Total
	Funds 2021	Funds 2021	2021	2020
				F
Interest receivable	4 326		4 326	11051

INCOME FROM	CHARITABLE ACTIVITIES
		2021	2020
		F
Arts Council		937,066	674,434
Other income		12,376	2,766
Music education Music education Music education	- parents - music centres - schools	261,182 15,924 142 053	440,001 71,101 161 375
		1 368 601	1 349 677

OTHER	INCOMING
		2021	2020
			'Z
Furlough Pension	wages grant	307,373 68 523 375 896	344,319 66 523 412842

CHARITABLE ACTIVITIES EX	PENDITURE
	Unrestricted		Restricted	Total	Total
	Funds 2021	Funds 2021		2021	2020
			F		E
Grant funding Governance costs	5,404 8,855		240	5,644 8,855	12,642 8,674
Music centres rent	7,707			7,707	25,876
Sheet music	358			358	1,053
Projects Instrument repairs Motor and travel	750 74,976 19,453			750 74,976 19,453	5,403 18,170 19,014
Wages School liaison	1,513,423 12,065			1,513,423 12,065	1,544,611 9,905
Rent, rates and water Heat and light Property repairs Cleaning Telephone Photocopier Computer costs Printing and stationery Postage Bank charges Payroll charges Legal Insurance	34,479 5,354 2,618 5,264 3,581 4,435 18,903 5,121 5,765 2,818 7,068 3,888 24,724			34,479 5,354 2,618 5,264 3,581 4,435 18,903 5,121 5,765 2,818 7,068 3,888 24,724	34,953 5,980 1,519 2,742 3,952 4,073 14,079 3,197 3,013 3,822 6,758 5,639 23,374
Training costs Marketing Sundries	1,842 120 466			1,842 120 466	4,153 310 1,002
Depreciation Bad debts	29,700 1,644			29,700 1,644	5,577 4,895
Total expenditure	1 800 782		240	1 801 022	1 774 385

		2021	2020
			F
Legal Audit		579 7,500	451 7,500
indemnity	insurance	776 8855	723 8674

TANGIBLE FIXEDASSET	S
	Musical	Fixtures and	Computers		Total
Instruments		Fittings
Cost		E
Balance 1,9,20 Additions	102,277 0	24,521 6,200	54,764 38,259		181,562 44,459
Disposals Balance 31.8.21	0 102,277	(4,920) 25,801	(22,814) 70,209		(27,734) 198,287
Depreciation
Balance 1.9.20 Charge for the year Disposals Balance 31.8.21	102,277 0 0 102,277	24,521 1,550 (4,920) 21,151	9,565 28 150 (22,814) 14,901		136,363 29,700 (27,734) 138,329
Written down value at
31.8.20		0	45,199		45,199
Written down value at
31.8.21		4,650	55,308		59,958
INVESTMENTS
Investment in subsidiary	undertaking			2021	2020
				E	E
Sht				120	120

13	DEBTORS
			Group	Group	Company	Company
			2021	2020	2021	2020
					F	F
	Trade debtors		9,761	1,287	9,761	1,287
	Prepayments		124965 134726	9405 10692	124965 134726	9405 10692
14	CREDITORS
	Amounts falling due
	within one year:
			Group	Group	Company	Company
			2021	2020	2021	2020
	Trade creditors		4,938	17,084	4,938	17,084
	Owed to group undertaking Accruals		0 108 123	0 103923	120 108123	120 103923
			113061	121 007	113181	121 127
15	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING
	ACTIVITIES
			Unrestricted	Restricted	Total	Total
			Funds 2021	Funds 2021	2021	2020
						F
	Net income for the	year	(49,193)	(120)	(49,313)	406
	Adjustments for: Depreciation		29,700		29,700	5,577
	Investment income		(4,326)		(4,326)	(11,051)
	(Increase) in debtors (Decrease in creditors)		(124,034) (7,946)		(124,034) (7,946)	12,476 39,830
	Net cash provided activities	by operating	~155799	~120	~155919	47 238
16	ANALYSIS OF CASH AND CASH EQUIVALENTS
					Total	Total
					2021	2020
						E
	Cash in hand				415,695	804,592
	Notice deposits (3to 12 months) Total cash and cash equivalents				705 000 1 120695	512155 1 316747

RESTRI	CTED FUND
The Gift	of Music Fund	has been set aside by the Directors	to provide bursaries	to
children	with challenging	financial circumstances,
			2021		2020
			F		E
Balance	at 1 September	2020	5,360		5,211
Donations			120		500
Expenditure Balance at 31 August 2021			~240 5 240		~351 5 360

			2021		2020
			Land and	Other	Land and	Other
			Buildings		Buildin s
Expiring	in less than one year
Expiring years	between	one year and five	18,500	2 880	18500	2,880

KIRKLEES	MUSIC SCHOOL (Operating	as MUSICA KIRKLEES)
DETAILED TRADING ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021
		2021	2020
		F	F
INCOME
Arts Council		937,066	674,434
Music education - parents Discounts granted Music education - music centres		261,182 (5,045) 15,924	440,001 (10,671) 71,101
Discounts granted Music education -schools		(359) 142,053	(1,620) 161,375
Other income		12,376	2,766
Pension grant Furlough wages Interest receivable		68,523 307,373 4,326	68,523 344,319 11,051
Donations		2,766	720
Total income		1,746,185	1,762,000
EXPENDITURE
Music centres rent		7,707	25,876
Sheet music		358	1,053
Instrument repairs Projects Travel		74,976 750 19,453	18,170 5,403 19,014
Wages School liaison		1,513,423 12,065	1,544,611 9,905
Rent, rates and water Heat and light Property repairs Cleaning Telephone Photocopier Computer costs Printing and stationery Postage Bank charges Payroll charges Legal Audit		34,479 5,354 2,618 5,264 3,581 4,435 18,903 5,121 5,765 2,818 7,068 4,467 7,500	34,953 5,980 1,519 2,742 3,952 4,073 14,079 3,197 3,013 3,822 6,758 6,090 7,500
Insurance		25,500	24,097
Training costs Marketing Sundries		1,842 120 466	4,153 310 1,002
Depreciation Bad debts		29,700 1,644	5,577 4,895
Total expenditure		1,795,378	1,761,743
LOSS/SURPLUS	FOR THE YEAR	49 193	257