REGISTERED CHARITY NUMBER: 1040099
Music in Lyddington
Financial Statements for the year ended 31st December 2021
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MUSIC IN LYDDINGTON
I report on the accounts of the charity for the year ended 31[st] December 2021, which are set out on the following pages.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is required.
It is my responsibility to:
-
Examine the accounts under section 43 of the 1993 Act;
-
Follow the procedures laid down in the general directions given by the Charity Commission under section 43 (7) (b) of the 1993 Act; and
-
State whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below:
Independent examiner’s statement
In connection with my examination, no matters have come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sharon Bromilow Book-keeping & Payroll Services 70 Main Street Lyddington Rutland LE15 9LT
INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021
| Income | 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| MiL ticket sales | 4,561.00 £ |
1,994.00 £ |
|||||||
| MiL sponsorship | 10,575.00 £ |
- £ |
|||||||
| MiL membership | 9,566.00 £ |
- £ |
|||||||
| Donations | 1,687.68 £ |
5,035.00 £ |
|||||||
| Bank Interest received | 5.61 £ |
43.08 £ |
|||||||
| Refreshments | 1,273.50 £ |
- £ |
|||||||
| COVID-19 Grants | 5,000.00 £ |
- £ |
|||||||
| - £ |
- £ |
||||||||
| - £ |
32,668.79 £ |
- £ |
7,072.08 £ |
||||||
| MiL Performers fees and expenses (donations made) |
11,975.00 £ |
6,000.00 £ |
|||||||
| Ticket sales refunded | 234.00 £ |
1,600.00 £ |
|||||||
| Ticketprinting | - £ |
- £ |
|||||||
| Refreshments | 481.84 £ |
0.02 -£ |
|||||||
| - £ |
12,690.84 £ |
- £ |
7,599.98 £ |
||||||
| 19,977.95 £ |
527.90 -£ |
||||||||
| Expenditure: | |||||||||
| Village hall and church rental | 1,610.00 £ |
800.00 £ |
|||||||
| Postage & Stationery | 71.28 £ |
- £ |
|||||||
| Brochureprint | 1,650.00 £ |
1,752.00 £ |
|||||||
| Programme copying& brailing | 410.40 £ |
- £ |
|||||||
| Poster Print & Mailing | - £ |
- £ |
|||||||
| Sales Commission | - £ |
- £ |
|||||||
| Piano tuning | 144.00 £ |
- £ |
|||||||
| PerformingRight Society | - £ |
392.65 £ |
|||||||
| MakingMusic | 140.00 £ |
275.00 £ |
|||||||
| Insurance | 175.00 £ |
248.00 £ |
|||||||
| Mailshot & brochure distribution | 2,623.80 £ |
1,537.00 £ |
|||||||
| Website | - £ |
69.84 £ |
|||||||
| TemporaryEvent Notices | 168.00 £ |
21.00 £ |
|||||||
| Telephone | 29.00 £ |
28.84 £ |
|||||||
| Accountancy | 625.00 £ |
550.00 £ |
|||||||
| Helpers | 725.00 £ |
- £ |
|||||||
| Repairs & Renewals | - £ |
- £ |
|||||||
| Depreciation | 401.75 £ |
431.99 £ |
|||||||
| Advertising | - £ |
- £ |
|||||||
| Bad debt | - £ |
1.46 £ |
|||||||
| Bank charges | 98.00 £ |
60.00 £ |
|||||||
| Computers & Software check | - £ |
- £ |
|||||||
| Closingstock adjustment | 56.23 £ |
- £ |
|||||||
| End of seasonparty& AGM | - £ |
- £ |
|||||||
| Sundry | - £ |
40.00 £ |
|||||||
| - £ |
- £ |
||||||||
| - £ |
- £ |
||||||||
| - £ |
8,927.46 £ |
- £ |
6,207.78 £ |
||||||
| Net surplus/ deficit | 11,050.49 £ |
6,735.68 -£ |
|||||||
| Asper sage | 11,050.49 £ |
6,735.68 -£ |
|||||||
| 0.00 £ |
0.00 £ |
||||||||
BALANCE SHEET FOR THE YEAR ENDED 31[ST] DECEMBER 2021
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Fixed Assets | ||||||||
| Piano base and lock | 39.06 | 43.40 | ||||||
| Piano | 4,661.66 | 4,906.10 | ||||||
| Staging | 501.04 | 556.71 | ||||||
| Music stands | 69.74 | 77.48 | ||||||
| Performers chairs,lights etc | 336.13 | 373.47 | ||||||
| Notice board | 164.58 | 182.86 | ||||||
| Stage hardware | 236.82 | 263.13 | ||||||
| A Frames | 60.62 | 67.36 | ||||||
| 0.89 - |
||||||||
| 6,068.76 | 6,470.51 | |||||||
| Current Assets | ||||||||
| Stock: | ||||||||
| Wine & Soft Drinks | 123.65 | 123.65 | 179.88 | 179.88 | ||||
| Bank accounts: | ||||||||
| CAF Gold Account | 57,612.10 | 49,380.55 | ||||||
| CAF Cash Account | 25.00 | 25.00 | ||||||
| - | 57,637.10 | - | 49,405.55 | |||||
| Prepayments | MakingMusic Membership | 275.00 | 140.00 | |||||
| Insurance | 257.00 | 175.00 | ||||||
| MakingMusic PRS | 369.76 | - | ||||||
| - | - | |||||||
| Debtors | Uppingham Sports & Books | - | 1,111.00 | |||||
| 901.76 | 58,662.51 | 1,426.00 | 51,011.43 | |||||
| Current Liabilities | ||||||||
| MiL unpresented cheques | Ticket refunds - chq's not cashed | - | 204.00 | |||||
| Creditors: | Crawford -performance 13/7/19 | - | 500.00 | |||||
| MakingMusic - overpayment | - | 315.00 - |
||||||
| Treasurers expenses - chq000591 | 1,290.84 | - | ||||||
| Treasurers expenses unclaimed | 42.00 | - | ||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| MiL sponsorshipreceived in advance | 5,501.00 | 7,320.00 | ||||||
| Mil membershipreceived in advance | 3,120.00 | 6,046.00 | ||||||
| - | 9,953.84 | - | 13,755.00 | |||||
| Net Current Assets | 48,708.67 | 37,256.43 | ||||||
| Total Assets less Current Liabilities | 54,777.43 | 43,726.94 | ||||||
| Represented by: | ||||||||
| Accumulated fund | ||||||||
| General fund balance b/f | 24,281.94 | 31,017.62 | ||||||
| Surplus/(deficit)for theyear | 11,050.49 | 6,735.68 - |
||||||
| Special Reserve fund balance b/f | 19,445.00 | 19,445.00 | ||||||
| - | ||||||||
| TOTAL FUNDS OF THE CHARITY | - | 54,777.43 | 43,726.94 | |||||
| 0.00 | - |
Approved by the trustees on ………………………………………………………………………………………………..
Trustee …………………………………………………………………………………………………………………………………
Trustee …………………………………………………………………………………………………………………………………
FIXED ASSETS DEPRECIATION POLICY
Piano base and lock Piano Staging Music Stands Performers chairs, light etc Notice board A Frames Staging
10% of net book value (reducing balance) 5% of net book value (reducing balance) 10% of net book value (reducing balance) 10% of net book value (reducing balance) 10% of net book value (reducing balance) 10% of net book value (reducing balance) 10% of net book value (reducing balance) 10% of net book value (reducing balance)
| NBV at 01.01.2021 Additions |
Depreciation charge for 2021 |
NBV at 31.12.2021 |
|
|---|---|---|---|
| Piano base & lock | 43.40 | 4.34 | 39.06 |
| Piano | 4906.10 | 245.30 | 4661.66 |
| Staging | 556.71 | 55.67 | 501.04 |
| Music stands | 77.48 | 7.75 | 69.74 |
| Performers chairs, lights etc | 373.47 | 37.35 | 336.13 |
| Notice board | 182.86 | 18.29 | 164.58 |
| A Frames | 67.36 | 6.74 | 60.62 |
| Staging | 263.13 | 26.31 | 236.82 |
| -0.87 | |||
| 6470.51 0.00 |
401.75 | 6068.78 |
STOCK TAKE RECORD
| Stock item | Quantity | Cost | Value |
|---|---|---|---|
| White Wine | 9 | 7.75 | 69.75 |
| Red Wine | 6 | 7.25 | 43.50 |
| Elderflower Presse | 4 | 2.60 | 10.40 |
| 123.65 |