## ||||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|