## ## |||||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|RESOURCES||| |---|---|---|---|---| ||||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|