2023-08-31-accounts

			ANNUAL REPORT AND ACCOUNTS	ANNUAL REPORT AND ACCOUNTS	ANNUAL REPORT AND ACCOUNTS	ANNUAL REPORT AND ACCOUNTS
				Year ended 31August 2023
					CONTENTS
						Page
Significant	Information
Report of	th'e	Directors				2to6
		|
Auditor's	Report					7to9
Consolidated		Statement		of Financial Activities		10
Consolidated		Balance	Sheet
Consolidated		Statement		ofCash	Flows
Notes to	the	Financial	Statements			13to 20
Detailed	Trading Account					21

DIRECTORS	Mrs N S Garforth	Chair
	Cllr A C Pinnock
	Mrs H P Davies
	Mr AJ Harris
	Mr BJones
	Mr M McKirgan
	MrJ MNunn
	Cllr BAddy Cllr LWarner	Appointed Resigned	13July 2023 7 May 2023
	Mr D Blakeborough	Resigned	21 March 2023

PRINCIPAL			Mr T Meredith		Resigned 31 August 2023
			Mr N Dolling		Appointed. 1 September 2023
REGISTERED	OFFICE.		9Beast Market
			Huddersfield
			HD1 1QF
ADYISERS
Bankers			Barclays Bank PLC
			17Market Place
			Huddersfield
		.	HD1 2AB
Auditors			G L Barker &Co
			47-49Austhorpe	Road
			Leeds
			LS158BA
Solicitors			Lupton Fawcett
			2The Embankment
			Sovereign Street
			Leeds
			LS14BA

(I	NCORPORATING THE CON	SOLIDA	TED INCOME AN	D EXPENDIT	URE ACCO	UNT)
Notes			Unrestricted	Restricted	Total	Total
			Funds	Funds	2023	2022
						E
	Income and endowments	from:
	Donations and legacies'		1,300	3,147	4,447	585
	Income from investments		5,923	0	5,923	2,236
	Income from charitable activities		1,780,079	0	1,780,079	1,683,013
	Other incoming resources		64,240	0	64,240	68,523
	Total income and endowments		1 851 542	3147	1 854 689	1 754 357
	Expenditure on:
9	Charitable activities		1,959,508	2,357	1,961;865	1,816,679
	Net incomel (expenditure)		(107,966)	790	(107,176)	(62,322)
	Net movement in funds		(107,966)	790	(107,176)	(62,322)
	Reconciliation of
	Total funds brought forward		1,136,639	3,357	1,'I 39,996	1,202,318
17	Total funds carried forward		1 028673	4 147	1 032 820	1 139996

	CONSOLIDATED BALANC	E SHEET at 3	1August 2023	1August 2023
		Group 2023	Group Company 2022 2023,		Company 2022
			F
Notes
	Fixed assets
11 12	Tangible assets ' Investments	33,237 0	38,790 0	33,237 120	38,790 120
	Total Fixed Assets	33237	38790	33M7	38910
	Current assets
13 16	Debtors Cash at bank and in hand	28,246 1 018417 1,046,663	34,427 1 160246 1,194,673	28,246 1 018417 1,046,663	34,427 1 160246 1,194,673
14	Creditors:
	amounts falling due within one year	(47,080)	(93,467)	(47,200)	(93,587)
	Net current assets	999583	1 101206	999463	1 101 086
	Net assets	1 032 620	1 139gg6	1032 820	1 139996
	FUNDS
17	Unrestricted Restricted	1,028,673 4 147 1 032 820	1,136,639 3357 1 139996	1,028,673 4 147 1 032820	1,136,639 3357 1 139996
A	d bthditdtrusteeson	2-0' LA		and	signed on

					Unrestricted	Restricted	Total	Total
Notes					Funds 2023	Funds 2023	2023	2022
					P
15	Net cash activities	provided	by operating		124057	790 ~123 267		42 362
	Cash flows from investing			activities:
	Interest from investments Purchase offixed assets				5,923 (24,484)		5,923 (24,484)	2,236 (5,048)
	Net cash activities	provided	by investing		(18,561)		(18561)	(2811)
	Net cash activities	provided	by financing		0	0	0	0
	Change	in cash in the year			~42 619	790	~141 829	39551
	Cash at	1.9.22			1,156,889	3,357	1,160,246	1,120,695
16	Cash at	31.8.23			1 014270	4 147	1 018417	1 160246

	OPERATING	LOSSOF THE COMPANY
				2023	2022
				F
	The operating	loss is stated after charging:
	Depreciation on tangible fixed assets Auditor's remuneration			30,037 9,300	26,215 7,500
	During the year the auditors also received		f462 (2022 -6450) in respect of non		audit
	services.
3	EMPLOYEE	INFORMATION
				2023	2022
	The average	number of full time equivalent	employees	during the
	year was:
	Directors			9	9
	Support staff - music centres Support staff - office Teachers			1 8 27	1 8 27
				45	45

INCOMEFROMCHARITABLE ACTIVITIES
			2023	2022
			F
Arts Council Other income Music education - parents Music education - music centres Music education - schools			643,641 11,381 701,845 101,834 321 378 1 780079 651,281 38,191 645,796 88,303 259442 1 683013
OTHER INCOMING RESOURCES			2023	2022
Pension grant			64 240 64 240	68 523 68 523
CHARITABLE ACTIVITIES EXPENDITURE
Unrestricted		Restricted Total		Total
Funds	2023 Funds		2023 2023	2022
			P
Grant funding Governance costs Music centres rent Sheet music Projects Instrument repairs Motor and travel Wages School liaison Rent, rates and water Heat and light Property repairs Cleaning T.eleph one Photocopier Computer costs Printing and stationery Postage ' Bank charges Payroll charges Legal Insurance Training costs Marketing Sundries Depreciation Bad debts 19,887 10,426 30,447 348 8,437 20,737 29,493 1,651,255 13,241 34,536 9,415 1,583 995 3,567 3,799 28,602 6,269 1,762 5,778 8,806 3,888 24,266 4,251 900 1,531 30,037 5,252		.	2,357 22,244 10,426 30,447 348 8,437 20,737 29,493 1 651255 13,241 34,536 9,415 1,583 995 3,567 3,799 28,602 6,269 1,762 5,778 8,806 3,888 24,266 4,251 900 1,531 30,037 5,252	19,6'I8 8,573 26,598 '153 11,713 35,572 26,575 1,523,986 11,715 34,576 7,298 2,530 1,310 2,677 3,938 15,092 2,535 2,744 5,202 7,389 3,888 21,717 5,892 480 1,982 26,215 5,631
Total expenditure	1 959508		2357 1 961 865	1 815600

		2023	2022
Legal Audit		540 9,300	479. 7,500
Indemnity	insurance	586 10426	594 8573

13	DEBTORS
			Group	Group	Company Company
			2023	2022	2023	2022
					E	E
	Trade debtors Prepayments		10,511 17735 28 246	12,961 21 466 34427	10,511 17735 28 246	12,961 21466 34427
14	CREDITORS
	Amounts falling due
	within one year:		Group	Group	Company	Company
			2023	2022	2023	2022
	Trade creditors		9,825	6,765	9,825	6,765
	Owed to group undertaking Accruals		0 37255 47 080	0 86702 93467	120 37255 47 200	120 86702 93587
15	RECONCILIATION	OF NET INCOME TO NET CASH		FLOW FROM OPERATING
	ACTIVITIES,		Unrestricted	Restricted	Total	- Total
			Funds 2023	Funds 2023	2023	2022
				P.
	Net income for the year		(107,966)	790	(107,176)	(61,243)
	Adjustments for: Depreciation Investment income Decrease in debtors		30,037 (5,923) 6,181		30,037 (5,923) 6,181	26,215 (2,236) (99,220)
	Decrease in creditors		(46,387)		(46,387)	(19,594)
	Net cash provided by operating activities		(124,057)	7S0	(123,267)	42,362
16	ANALYSIS OF CASH AND CASH EQUIVALENTS
					Total	Total
					2023	2022
	No notice deposits Notice deposits (3to 12months) Total cash and cash equivalents				1,018,417 0 1 018417	452,247. 708 000 1 160247

The Gift of Music Fund has been set aside by the children with challenging financial circumstances.	Directors to provide bursaries	to
	2023	2022
		F
Balance at 1 September 2022 Donations	3,357 3,147	5,240 386
Expenditure Balance at 31 August 2023	~2357 4 147	~2269 3357

Annual c	ommitments under non-cancell	able operating l	eases are a	s follows:
		2023		2022
		Land and	Other	Land and	Other
		Buildin s		Buildin s
Fxplring	in less than one year
Expiring years	between one year and five	18,500	2,880	18,500	2,880

DETAILED TRADING ACCOUNT FOR T	HE YEAR ENDED 31AUGUST	2023
	2023	2022
		F
INCONIE
Arts Council	643,641	651,281
Music education - parents Discounts granted Music education - music centres	701,845 (16,665) 101,834	645,796 (15,795) 88,303
Discounts granted Music education - schools	(3,222) 321,378	(1,554) 259,442
Other income	11,381	38,191
Pension grant Interest receivable	64,240 5,923	68,523 2,236
Donations	1,300	1S9
Total income	1,831,655	1,736,622
EXPENDITURE
Music centres rent	30,447	26,598
Sheet music	348	153
Instrument repairs Projects Travel	20,737 8,437 29,493	35,572 11.71,3 26,575
Wages School liaison	1,651,255 13,241	1,523,986 11,715
Rent, rates and water	34,536	34,966
Heat and light Property repairs Cleaning Telephone Photocopier Computer costs Printing and stationery Postage Bank charges Payroll charges Legal Audit	9,415 1,583 995 3,567 3,799 28,602 6,269 1,762 5,778 8;806 4,428 9,300	7,298 2,530 1,310 2,677 3,938 15,092 2,535 2,744 5,202 7,389 4,367 7,500
Insurance	24,852	23,000
Training costs Marketing Sundries	4,251 900 1,531	5,892 480 1,982
Depreciation Bad debts	30,037 5,252	26,215 5,631
Total expenditure	1,939,621	1,797,061
LOSS FOR THE YEAR	107966	60439