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|||||Page|
|---|---|---|---|---|
|Significant
Information|||||
|Report ofthe|Directors|||2 to 6|
|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|||||
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|DIRECTORS||Mrs N SGarforth||Chair||
|---|---|---|---|---|---|
|||Mr D Blakeborough||||
|||Cllr A C Pinnock||||
|||Cllr LWarner||||
|||Mrs H P Davies||||
|||Mr BJones||||
|||Mr M McKirgan||||
|||Mr AJ Harris||||
|||Mr J MNunn||||
|PRINCIPAL||Mr T Meredith||||
|REGISTERED|OFFICE|9Beast Market||||
|||Huddersfield||||
|||HD1 1QF||||
|ADVISERS||||||
|Bankers||Barclays Bank PLC||Virgin Money||
|||17Market Place||Jubilee House||
|||Huddersfield||Newcastle|upon Tyne|
|||HD1 2AB||NE3 4PL||
|Auditors||G L Barker 8 Co||||
|||47-49Austhorpe|Road|||
|||Leeds||||
|||LS15SBA||||
|Solicitors||Lupton Fawcett||||
|||2 The Embankment||||
|||Sovereign Street||||
|||Leeds||||
|||LS1 4BA||||
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||||Unrestricted|Restricted|Restricted||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Funds|Funds|||2022|2021|
||||E||E||E||
|Income and endowments|from:||||||||
|Donations
and legacies|||199||386||585|2,886|
|Income from investments|||2,236||0||2,236|4,326|
|Income from charitable
activities|||1,683,013||0|1,683,013||1,368,601|
|Other incoming
resources|||68,523||0||68,523|375,896|
|Totalincome and endowments|||1 753971||386|1 754 357||1 751 709|
|Expenditure
on:|||||||||
|Charitable
activities|||1,814,410||2,269|1,816,679||1,801,022|
|Net incomel (expenditure)|||(60,439)|(1,883)||(62,322)||(49,313)|
|Net movementin
funds|||(60,439)|(1,883)||(62,322)||(49,313)|
|Reconciliation
of|||||||||
|Total funds brought
forward|||1,197,078||5,240|1,202,318||1,251,631|
|Total funds carried forward|||1 136639||3357|1|139996|1 202 318|
|There were no costs ofgenerating|||donations
or investment||management
costs.||||
|Under the provisions
of Section 408 ofthe Companies||||Act,|a separate||statement|of|
|financial
activities for the company|||alone is not required.||||||
|All of the activities undertaken||by the charity were continuing|||activities||and no new||
|activities were acquired
during||the|year.||||||
##
||CONSOLIDATED
B|ALANC|E SHEET at 31|August 20|22||
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2022|2021|2022|2021|
|||||F|||
|Notes|||||||
||Fixed assets||||||
|11
12|Tangible assets
Investments||38,791
0|59,958
0|38,791
120|59,958
120|
||Total Fixed Assets||38791|59958|38911|60 078|
||Current assets||||||
|13
16|Debtors
Cash at bank||34,427
1160246
1,194,673|134,726
1120695
1,255,421|34,427
1160246
1,194,673|134,726
1120695
1,255,421|
|14|Creditors:||||||
||amounts
falling due within one year||(93,467)|(113,061)|(93,587)|(113,181)|
||Net current assets||1101206|1142360|1101086|1142240|
||Net assets||1 13g ggg|1 202318|1 139996|1 202318|
||FUNDS||||||
||Unrestricted||1,136,639|1,197,078|1,136,639|1,197,078|
|17|Restricted||3 357
1 139996|5240
1 202 318|3357
1139996|5240
1202318|
|Ar|ved
bthedirectorsandtrustees|on .|4hwrcst|QOM
and signed on|||
##
|||||Unrestricted|Restricted||Total|Total|
|---|---|---|---|---|---|---|---|---|
|Notes||||Funds 2022|Funds 2022||2022|2021|
|||||||||E|
||Net cash provided|by operating|||||||
|15|activities|||44 245|1 883||42 362|~155919|
||Cash flows from investing||activities:||||||
||Interest from investments|||2,236|||2,236|4,326|
||Purchase offixed|assets||(5,048)|||(5,048)|(44,459)|
||Net cash provided|by investing|||||||
||activities|||(2,811)|||(2,811)|(40,133)|
||Net cash provided|by financing|||||||
||activities||||||||
||Change
in cash in|the year||41 434|||||
||Cash at 1.9.21|||1,115,455|5,240|1,120,695||1,316,747|
|16|Cash at 31.8.22|||1 156889|3357|1|160246|1 120695|
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|OPERATING|LOSS|OF|THE COMPANY|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||F||
|The operating|loss is|stated after charging:||||||
|Depreciation|on tangible||fixed assets|||26,215|29,700|
|Auditor's
remuneration||||||7,500|7,500|
|During the year the auditors also received||||F450 (2021-|f564)|in respect of non|audit|
|services.||||||||
|EMPLOYEE|INFORMATION|||||||
|||||||2022|2021|
|The average|number|of|full time equivalent|employees|during|the||
|year was:||||||||
|Directors||||||9|5|
|Support staff|- music|centres||||1|1|
|Support staff|- office|||||8|8|
|Teachers||||||27|27|
|||||||45|41|
##
|NOTES|TO THE ACCOU|TO THE ACCOU|NTS FOR TH|E YEAR ENDED 31 A|UGUST 2022
2022|2021|
|---|---|---|---|---|---|---|
|EIIPLOYEE|INFORMATION||-Continued||||
|The average|total number of||staff (includes|part time staff) was:|||
|Directors|||||9|5|
|Support staff|- music|centres|||4|4|
|Support staff|- office||||11|11|
|Teachers|||||55|55|
||||||79|75|
|Staff costs for all the||above were:|||||
||||||2022|2021|
|||||||F|
|Salaries and|wages||||1,174,794|1,156,640|
|Redundancy|||||0|6,759|
|Social security costs|||||85,186|75,516|
|Defined
benefit pension|||||213,709|216,708|
|Defined
contribution||pension|scheme||50296|57800|
||||||1 523986|1 513423|
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|INCOME FROM|CH|ARITABLE ACTI|VITIES||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Arts Council|||||651,281|937,066|
|Other income|||||27,423|12,376|
|Music education|- parents||||645,796|261,182|
|Music education|- music centres||||88,303|15,924|
|Music education|- schools||||270 210|142 053|
||||||1 683013|1 368601|
|OTHER INCOINING||RESOURCES|||||
||||||2022|2021|
|Furlough
wages|||||0|307,373|
|Pension grant|||||68523|68523|
||||||68523|412842|
|CHARITABLE ACTIVITIES EXPENDITURE|||||||
||||Unrestricted|Restricted|Total|Total|
||||Funds 2022|Funds 2022|2022|2021|
|||||F||E|
|Grant funding|||17,349|2,269|19,618|5,644|
|Governance
costs|||8,573||8,573|8,855|
|Music centres rent|||26,598||26,598|7,707|
|Sheet music|||153||153|358|
|Projects|||11,713||11,713|750|
|Instrument
repairs|||35,572||35,572|74,976|
|Motor and travel|||26,575||26,575|19,453|
|Wages|||1,523,986||1,523,986|1,513,423|
|School liaison|||11,715||11,715|12,065|
|Rent, rates and water|||34,966||34,966|34,479|
|Heat and light|||7,298||7,298|5,354|
|Property
repairs|||2,530||2,530|2,618|
|Cleaning|||1,310||1,310|5,264|
|Telephone|||2,677||2,677|3,581|
|Photocopier|||3,938||3,938|4,435|
|Computer costs|||15,092||15,092|18,903|
|Printing
and stationery|||2,535||2,535|5,121|
|Postage|||2,744||2,744|5,765|
|Bank charges|||5,202||5,202|2,818|
|Payroll charges|||7,389||7,389|7,068|
|Legal|||3,888||3,888|3,888|
|Insurance|||22,406||22,406|24,724|
|Training costs|||5,892||5,892|1,842|
|Marketing|||480||480|120|
|Sundries|||1,982||1,982|466|
|Depreciation|||26,215||26,215|29,700|
|Bad debts|||5,631||5,631|1,644|
|Total expenditure|||1 814410|2 269|1 816679|1 800782|
##
|GOVERNANCE|GOVERNANCE|||
|---|---|---|---|
|||2022|2021|
||||F|
|Legal||479|579|
|Audit||7,500|7,500|
|indemnity|insurance|594|776|
|||8573|8855|
##
||TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|---|
|||Musical|Fixtures and|Computers||Total|
|||Instruments|Fittings||||
||Cost|E|||||
||Balance 1.9.21|102,277|25,801|70,209||198,287|
||Additions|3,358|0|1,690||5,048|
||Disposals|0|0|0||0|
||Balance 31.8.22|105,635|25,801|71,899||203,335|
||Depreciation||||||
||Balance 1.9.21|102,277|21,151|14,901||138,329|
||Charge for the year|840|1,550|23,825||26,215|
||Disposals|0|0|0||0|
||Balance 31.8.22|103,117|22,701|38,726||164,544|
||Written down value at||||||
||31.8.21||4,650|55,308||59,958|
||Written down value at||||||
||31.8.22|2,518|3,100|33,173||38,791|
|12|INVESTMENTS||||||
||Investment
in subsidiary|undertaking|||||
||||||2022|2021|
|||||||F|
||Sharesatcost||||120|120|
##
##
|13|DEBTORS|||||||
|---|---|---|---|---|---|---|---|
||||Group|Group|Company||Company|
||||2022|2021||2022|2021|
|||||F|||F|
||Trade debtors||12,961|9,761||12,961|9,761|
||Prepayments||21 466|124965||21 466|124965|
||||34427|134726||34427|134726|
|14|CREDITORS|||||||
||Amounts
falling due|||||||
||within one year:|||||||
||||Group|Group|Company||Company|
||||2022|2021||2022|2021|
||Trade creditors||6,765|4,938||6,765|4,938|
||Owed to group undertaking||0|0||120|120|
||Accruals||86702|108123||86702|108123|
||||93467|113061||93587|113181|
|15|RECONCILIATION|OF NET INCOME TO NET CASH||FLOW FROM||OPERATING||
||ACTIVITIES|||||||
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds 2022|Funds 2022|2022|2021|
||Net income|for the|year|(60,439)|(1,883)|(62,322)|(49,313)|
||Adjustments|for:||||||
||Depreciation|||26,215||26,215|29,700|
||Investment|income||(2,236)||(2,236)|(4,326)|
||Decrease
in debtors|||100,299||100,299|(117,503)|
||Decrease
in creditors|||(19,594)||(19,594)|(29,104)|
||Net cash provided||by operating|||||
||activities|||44 245||||
|16|ANALYSIS|OF CASH AND CASH||EQUIVALENTS||||
|||||||Total|Total|
|||||||2022|2021|
|||||||E||
||Cash at bank|||||452,247|415,695|
||Notice deposits (3||to 12 months)|||708000|705 000|
||Total cash and cash equivalents|||||1 160247|1 120695|
|The Gift of Music Fund has been set aside by the
children
with challenging
financial circumstances.|Directors to provide bursaries
t|o|
|---|---|---|
||2022|2021|
||F||
|Balance at 1 September 2021|5,240|5,360|
|Donations|386|120|
|Expenditure|~2269|~240|
|Balance at 31 August 2022|3357|5240|
##
||||2022||2021||
|---|---|---|---|---|---|---|
||||Land and|Other|Land and|Other|
||||Buildings||Buildings||
|Expiring|in less than one year||||||
|Expiring|between|one year and five|||||
|years|||18,500|2,880|18,500|2,880|
|INCOME||||
|---|---|---|---|
|Arts Council||651,281|937,066|
|Music education|- parents|645,796|261,182|
|Discounts
granted||(15,795)|(5,045)|
|Music education|- music centres|88,303|15,924|
|Discounts
granted||(1,554)|(359)|
|Music education|- schools|270,210|142,053|
|Other income||27,423|12,376|
|Pension
grant||68,523|68,523|
|Furlough
wages||0|307,373|
|Interest receivable||2,236|4,326|
|Donations||199|2,766|
|Total income||1,736,622|1,746,185|
|EXPENDITURE||||
|Music centres rent||26,598|7,707|
|Sheet music||153|358|
|Instrument
repairs||35,572|74,976|
|Projects||11,713|750|
|Travel||26,575|19,453|
|Wages||1,523,986|1,513,423|
|School liaison||11,715|12,065|
|Rent, rates and water||34,966|34,479|
|Heat and light||7,298|5,354|
|Property
repairs||2,530|2,618|
|Cleaning||1,310|5,264|
|Telephone||2,677|3,581|
|Photocopier||3,938|4,435|
|Computer
costs||15,092|18,903|
|Printing
and stationery||2,535|5,121|
|Postage||2,744|5,765|
|Bank charges||5,202|2,818|
|Payroll charges||7,389|7,068|
|Legal||4,367|4,467|
|Audit||7,500|7,500|
|Insurance||23,000|25,500|
|Training costs||5,892|1,842|
|Marketing||480|120|
|Sundries||1,982|466|
|Depreciation||26,215|29,700|
|Bad debts||5,631|1,644|
|Total expenditure||1,797,061|1,795,378|
|LOSS FOR THE|YEAR|60439|~49 193|