**REGISTERED COMPANY NUMBER: 02920267 (England and Wales) REGISTERED CHARITY NUMBER: 1037073**
## **Report of the Trustees and**
## **Unaudited Financial Statements**
**for the Year Ended 31 March 2021**
## **for**
## **Jackdaws Educational Trust**
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
**Jackdaws Educational Trust**
**Contents of the Financial Statements for the Year Ended 31 March 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8 to 9|
|**Notes to the Financial Statements**|10 to 17|
|**Detailed Statement of Financial Activities**|18 to 19|
## **Jackdaws Educational Trust**
## **Report of the Trustees for the Year Ended 31 March 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Activities**
Core Values - Access, Inclusion and Inspiration. Mission Statement - To enable creative expression - by Bringing Music to Life.
The Objectives of the charity are to promote classic/serious music education. It does this through - running courses for amateur musicians, an intensive children and young people's programme of events, a young artist programme and by putting on concerts for audiences of all ages.
Page 1
## **Jackdaws Educational Trust**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Jackdaws is dedicated to improving and extending participation in and enjoyment of, music and the arts through active, innovative projects, believing that this can positively change people's lives.
During 2020/21 Jackdaws activities were severely impacted by the lockdown measures taken to combat COVID 19 and the organisation was closed from April to September 2020 and then again from November 2020 to March 2021. As a result we were unable to run our usual programme of weekend music courses in Great Elm and were forced to cancel two of our major education projects. However, we were able to maintain some activities during the year.
## **Courses**
Some courses were rescheduled to run online in July 2020 and during the Autumn and were well received by participants although it was clear that online courses lacked the immersive, supportive and social benefits of a weekend at Jackdaws. We were able to run three 'in-person' courses at Jackdaws in October before being forced to close again in November. During the year, the website was updated and developed together with the use of social media for marketing the courses online, rather than through a printed brochure.
## **Education and Outreach**
Our Education and outreach programme was also severely affected by the pandemic leading to the cancellation of our Opera Plus and Song Story Projects. The Year of Project with the Eden Stell guitar duo was postponed from March 2021 to June 2021 which enabled it to take place in-person rather than online. Some projects did take place in a modified form and we are very grateful to the supporters of the Education programe, Sound Foundation Somerset, the Arts Council and a number of Charitable Trusts.
## **Maureen Lehane Vocal Awards**
The Maureen Lehane Vocal Awards for young singers at the beginning of their career, were due to take place in November 2020 at the Wigmore Hall. As this proved impossible, the event was moved online, taking place in December/January. Competitors submitted video recordings, using backing tracks recorded by Richard Shaw, and were judged remotely using a different prize format. There were around 35 entrants and there was a good standard and a great effort made by the participants given the challenges they were dealing with at the time. The overall winner was mezzo-soprano Anna Cooper. The competition was supported by the Rosemary Bugden Charitable Trust and Geoffrey and Margaret Batten,
## **Jacks Music Club**
Jackdaws' weekly music club for teenagers normally runs during term time which was obviously impossible during 2020/21. However, from the Autumn term were offered online and provided a welcome opportunity for young people to take part in music activities at a time when these were not available at school. Jacks is supported the Sound Foundation Somerset.
## **Summer Production**
A further opportunity for teenagers to take part in music during the pandemic was provided by the Summer Production in July 2020. It was held online over Zoom and had six participants who all worked together to create a Breaking News styled production based on the life of Mozart "A Life in Symphony". The participants also did their Bronze /Discover Arts Award qualifications as part of the activity. The Summer Production was supported by Sound Foundation Somerset and private donors..
## **Arts Awards**
Page 2
## **Jackdaws Educational Trust**
## **Report of the Trustees for the Year Ended 31 March 2021**
Jackdaws supported several children to do their Arts Award qualifications at home during this time including eight Bronze, one Silver and one Gold as well as about 70 Discover awards. This was supported by the Art s Council Emergency Funding.
## **Funding**
The pandemic led to a dramatic loss in earned income during the year and Jackdaws is very grateful for the support it has received via the government's furlough scheme, Mendip District Council's Emergency support and the Arts Council Emergency Response Fund. Jackdaws is also extremely grateful to all our regular funders and donors for their continuing and understanding, support during this difficult year. This includes Sound Foundation Somerset, Wiltshire Connect, the D'Oyly Carte Charitable Trust, the Rosemary Bugden Charitable Trust, and a number of local councils. Thanks are also due to all the office staff and cooks who have so cheerfully undertaken new processes and working practices in order to ensure a Covid safe environment for participants in all our activities, whether online or in person. All of this support has enabled Jackdaws to survive the last year and to be in a good position to offer a full programme of events, for everyone to participate in music, during the comng year.
## **FINANCIAL REVIEW**
## **Investment policy and objectives**
The trustees consult with the professional advisors of the Trust where appropriate to ensure maximum growth in capital on any investments, which the trust holds.
## **Reserves policy**
The trustees are aiming towards retaining reserves which will underwrite the operation of Jackdaws for six months.
The Trust continued to run courses in the year from Jackdaws. It plans to run further such courses during the forthcoming year.
The Charity made a surplus for the year of £29,860 as against a deficit of £18,369 in 2020. In 2021 a Designated Fund of £20,000 was created in order to allow for replacement of the failing boiler and septic tank during 2021/22.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The trustees submit their report for the year ended 31 March 2021. This report is prepared in accordance with the Trust Deed and the recommendation of the Statement of Recommended Practice 2005 - Accounting and reporting by charities and complies with the applicable law.
Jackdaws was incorporated as a limited company on 19 April 1994
It is governed by a trust deed. Jackdaws is governed by a Board of Trustees (Currently 5 in number) to whom the Artistic Director and Development Manager report on a regular basis at Trustee meetings which are held at Jackdaws at least twice a year and more frequently if required. The Trustees take advice from professionals and other advisers when required.
## **Recruitment and appointment of new trustees**
The board of trustees appoints new trustees as appropriate. New trustees receive induction and training for their role by meeting with the Chairman, current trustees, senior staff and Jackdaws' accountant who advises on the role of the trustees and legal requirements.
Page 3
## **Jackdaws Educational Trust**
## **Report of the Trustees for the Year Ended 31 March 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, in particular to those related to the operations and finance of the Trust and are satisfied that systems are in place to mitigate our exposure to major risk.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
02920267 (England and Wales)
## **Registered Charity number**
1037073
## **Registered office**
Jackdaws Great Elm Frome Somerset BA11 3NY
## **Trustees**
A Burgess P Fowke (resigned 2.11.20) D M Hunter N Kirkman Mrs R Mannion
## **Company Secretary**
Mrs K Meadows
## **Independent Examiner**
Martin Bowe Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
## **Bankers**
HSBC 24 Market Place Frome Somerset BA11 1AJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 4
## **Jackdaws Educational Trust**
## **Report of the Trustees for the Year Ended 31 March 2021**
................................................................. D M Hunter - Trustee
Page 5
## **Independent Examiner's Report to the Trustees of Jackdaws Educational Trust**
## **Independent examiner's report to the trustees of Jackdaws Educational Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Bowe Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Date: .............................................
Page 6
## **Jackdaws Educational Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations, Legacies and Grants
2
37,275
**Charitable activities**
Courses
21,633
Concerts and Events
-
Outreach Ticket Sales
-
Maureen Lehane Vocal Awards
-
Investment income
3
9,183
Other income
54,392
**Total**
122,483
**EXPENDITURE ON**
**Charitable activities**
Concerts and Events
-
Maureen Lehane Vocal Awards
-
Courses
13,208
Wages
36,861
Other
33,006
**Total**
83,075
**NET INCOME/(EXPENDITURE)**
39,408
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
54,172
**TOTAL FUNDS CARRIED FORWARD**
93,580|Restricted
fund
£
15,000
-
28,085
416
1,000
-
-
44,501
21,039
2,110
-
19,849
11,051
54,049
(9,548)
398,054
388,506|31.3.21
Total
funds
£
52,275
21,633
28,085
416
1,000
9,183
54,392
166,984
21,039
2,110
13,208
56,710
44,057
137,124
29,860
452,226
482,086|31.3.20
Total
funds
£
16,559
96,536
89,235
-
4,030
9,199
-
215,559
52,616
7,960
66,321
56,710
50,321
233,928
(18,369)
470,595
452,226|
|---|---|---|---|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
## **Jackdaws Educational Trust**
## **Balance Sheet**
## **31 March 2021**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
9
148,989
**CURRENT ASSETS**
Debtors
10
82,525
Cash at bank
53,930
136,455
**CREDITORS**
Amounts falling due within one year
11
(88,033)
**NET CURRENT ASSETS**
48,422
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
197,411
**CREDITORS**
Amounts falling due after more than one
year
12
(103,831)
**NET ASSETS**
93,580
**FUNDS**
14
Unrestricted funds:
General fund
Property Repairs and Maintenance
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
91,402
273,559
30,614
304,173
(7,069)
297,104
388,506
-
388,506|31.3.21
Total
funds
£
240,391
356,084
84,544
440,628
(95,102)
345,526
585,917
(103,831)
482,086
73,580
20,000
93,580
388,506
482,086|31.3.20
Total
funds
£
250,866
350,576
2,474
353,050
(45,785)
307,265
558,131
(105,905)
452,226
54,172
-
54,172
398,054
452,226|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 8
## **Jackdaws Educational Trust**
## **Balance Sheet - continued 31 March 2021**
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
D M Hunter - Trustee
The notes form part of these financial statements
Page 9
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs**
All costs are allocated between the expenditure categories of SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, other are apportioned on an appropriate basis.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
-15% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 10
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS, LEGACIES AND GRANTS**
|Friends Subscriptions
Donations
Grant Income
**INVESTMENT INCOME**
Deposit account interest
Loan Interest|31.3.21
£
8,418
16,857
27,000
52,275
31.3.21
£
5
9,178
9,183|31.3.20
£
6,675
9,384
500|31.3.20
£
6,675
9,384
500|
|---|---|---|---|
|||16,559||
|||31.3.20
£
21
9,178
9,199||
||||9,199|
## **3. INVESTMENT INCOME**
## **4.**
## **SUPPORT COSTS**
|Information
Management
technology
£
£
Other resources
expended
14,122
8,970
Wages
11,342
-
25,464
8,970|Governance
Premises
costs
£
£
14,967
2,455
-
-
14,967
2,455|Totals
£
40,514
11,342|
|---|---|---|
|||51,856|
## **5. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.3.21|31.3.20|
|---|---|---|
||£|£|
|Depreciation - owned assets|11,180|11,128|
continued...
Page 11
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **7. STAFF COSTS**
The average monthly number of employees during the year was:- 31/03/21 31/03/20 4 4
No employees received emoluments in excess of £60,000.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations, Legacies and Grants
16,059
**Charitable activities**
Courses
96,536
Concerts and Events
-
Maureen Lehane Vocal Awards
-
Investment income
9,199
**Total**
121,794
**EXPENDITURE ON**
**Charitable activities**
Concerts and Events
-
Maureen Lehane Vocal Awards
-
Courses
66,321
Wages
36,861
Other
37,709
**Total**
140,891
**NET INCOME/(EXPENDITURE)**
(19,097)|Restricted
fund
£
500
-
89,235
4,030
-
93,765
52,616
7,960
-
19,849
12,612
93,037
728|Total
funds
£
16,559
96,536
89,235
4,030
9,199
215,559
52,616
7,960
66,321
56,710
50,321
233,928
(18,369)|
|---|---|---|
continued...
Page 12
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
|**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|fund|funds|
|||£|£|£|
||**RECONCILIATION OF FUNDS**||||
||**Total funds brought forward**|73,269|397,326|470,595|
||**TOTAL FUNDS CARRIED**||||
||**FORWARD**|54,172|398,054|452,226|
|**9.**|**TANGIBLE FIXED ASSETS**||||
||||Fixtures||
|||Freehold|and||
|||property|fittings|Totals|
|||£|£|£|
||**COST**||||
||At 1 April 2020|268,830|29,851|298,681|
||Additions|-|705|705|
||At 31 March 2021|268,830|30,556|299,386|
||**DEPRECIATION**||||
||At 1 April 2020|20,087|27,728|47,815|
||Charge for year|10,753|427|11,180|
||At 31 March 2021|30,840|28,155|58,995|
||**NET BOOK VALUE**||||
||At 31 March 2021|237,990|2,401|240,391|
||At 31 March 2020|248,743|2,123|250,866|
|**10.**|**DEBTORS**||||
||||31.3.21|31.3.20|
||||£|£|
||Amounts falling due within one year:||||
||Other debtors||-|68|
||Prepayments and accrued income||-|3,103|
||||-|3,171|
continued...
Page 13
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2021**
## **10. DEBTORS - continued**
|**DEBTORS - continued**|||
|---|---|---|
|Amounts falling due after more than one year:
Jackdaws (Coach House) Limited
Aggregate amounts|31.3.21
£
356,084
356,084|31.3.20
£
347,405|
|||350,576|
The debtor relates to money owed by Jackdaws (Coach House) Limited in relation to The Coach House building.
|**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.21
£
Bank loans and overdrafts (see note 13)
38,540
Social security and other taxes
819
Accrued expenses
1,368
Deferred Income
54,375
95,102
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.3.21
£
Bank loans (see note 13)
103,831
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
31.3.21
£
Amounts falling due within one year on demand:
Bank loans
38,540
Amounts falling between one and two years:
Bank loans - 1-2 years
8,540
Amounts falling due between two and five years:
Bank loans - 2-5 years
25,620
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
69,671|31.3.20
£
8,540
1,002
1,368
34,875
45,785
31.3.20
£
105,905|31.3.20
£
8,540
1,002
1,368
34,875|
|---|---|---|
|||45,785|
|||31.3.20
£
8,540|
|||8,540|
|||25,620|
|||71,745|
continued...
Page 14
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **14. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Property Repairs and Maintenance
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**
Net movement in funds, included in the above
**Unrestricted funds**
General fund
Property Repairs and Maintenance
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**|At 1.4.20
£
54,172
-
54,172
398,054
452,226
are as follows:|Net
movement
in funds
£
27,408
12,000
39,408
(9,548)
29,860
Incoming
resources
£
110,483
12,000
122,483
44,501
166,984
At 1.4.19
£
73,269
397,326
470,595|Transfers
between
At
funds
31.3.21
£
£
(8,000)
73,580
8,000
20,000
-
93,580
-
388,506
-
482,086
Resources
Movement
expended
in funds
£
£
(83,075)
27,408
-
12,000
(83,075)
39,408
(54,049)
(9,548)
(137,124)
29,860
Net
movement
At
in funds
31.3.20
£
£
(19,097)
54,172
728
398,054
(18,369)
452,226|
|---|---|---|---|
Page 15
continued...
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **14. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**|Incoming
resources
£
121,794
93,765
215,559|Resources
Movement
expended
in funds
£
£
(140,891)
(19,097)
(93,037)
728
(233,928)
(18,369)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Property Repairs and Maintenance
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**|At 1.4.19
£
73,269
-
73,269
397,326
470,595|Net
movement
in funds
£
8,311
12,000
20,311
(8,820)
11,491|Transfers
between
funds
£
(8,000)
8,000
-
-
-|At
31.3.21
£
73,580
20,000|
|---|---|---|---|---|
|||||93,580
388,506|
|||||482,086|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Property Repairs and Maintenance
**Restricted funds**
Restricted Fund
**TOTAL FUNDS**|Incoming
resources
£
232,277
12,000
244,277
138,266
382,543|Resources
Movement
expended
in funds
£
£
(223,966)
8,311
-
12,000
(223,966)
20,311
(147,086)
(8,820)
(371,052)
11,491|
|---|---|---|
Page 16
continued...
## **Jackdaws Educational Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021**
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
## **16. ULTIMATE CONTROLLING PARTY**
The charity is controlled by the trustees.
Page 17
## **Jackdaws Educational Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**INCOME AND ENDOWMENTS**
**Donations, Legacies and Grants**
Friends Subscriptions
Donations
Grant Income
**Investment income**
Deposit account interest
Loan Interest
**Charitable activities**
Concerts and Events
Maureen Lehane Vocal Awards
Courses
**Other income**
COVID19 Grant Income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Courses
Maureen Lehane Vocal Awards
Concerts and Events
Refunds
**Other**
Bank loan interest
**Support costs**
**Management**
Wages
Carried forward|31.3.21
31.3.20
£
£
8,418
6,675
16,857
9,384
27,000
500
52,275
16,559
5
21
9,178
9,178
9,183
9,199
28,501
89,235
1,000
4,030
21,633
96,536
51,134
189,801
54,392
-
166,984
215,559
45,368
45,368
8,310
66,321
2,110
7,960
19,586
52,616
6,351
-
81,725
172,265
3,543
4,360
11,342
11,342
11,342
11,342|31.3.21
31.3.20
£
£
8,418
6,675
16,857
9,384
27,000
500
52,275
16,559
5
21
9,178
9,178
9,183
9,199
28,501
89,235
1,000
4,030
21,633
96,536
51,134
189,801
54,392
-
166,984
215,559
45,368
45,368
8,310
66,321
2,110
7,960
19,586
52,616
6,351
-
81,725
172,265
3,543
4,360
11,342
11,342
11,342
11,342|
|---|---|---|
|||16,559
21
9,178|
|||9,199
89,235
4,030
96,536|
|||189,801
-|
|||215,559
45,368
66,321
7,960
52,616
-|
|||172,265
4,360
11,342
11,342|
This page does not form part of the statutory financial statements
Page 18
## **Jackdaws Educational Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021**
|**Management**
Brought forward
Employers National Insurance
Pensions
Insurance
Light and heat
Telephone
Printing, postage & Stationery
Sundries
Travel and Subsistence
Bank interest
**Information technology**
Marketing
Repairs and renewals
Donations
Computer Costs
**Premises**
Rent and Rates
Health and Safety (COVID)
Depreciation of tangible fixed assets
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|31.3.21
31.3.20
£
£
11,342
11,342
-
253
1,701
1,702
6,915
6,589
2,925
3,037
1,043
1,350
244
4,163
-
354
(601)
1,973
1,895
2,837
25,464
33,600
2,551
-
3,007
3,616
316
216
3,096
4,062
8,970
7,894
2,727
2,409
1,059
-
11,181
11,128
14,967
13,537
2,455
2,272
137,124
233,928
29,860
(18,369)|
|---|---|
This page does not form part of the statutory financial statements
Page 19