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2021-03-31-accounts

Page
Reference and administrative
details ofthe Charity, its Directors and advisers
Directors' report 2-10
Independent
examiner's
report
Statement offinancial activities 12
Balance sheet 13
Notes to the financial statements 14-29
The following pages do not form part ofthe statutory financial statements:
Detailed income and expenditure account

Directors Gordon Williams, Chair Chair
Geraint Howells, Treasurer
Keith Harris, OBE
Isabel Newman
Mulika Sannie
Robert Fitzpatrick (appointed 7 December 2020)
Indy Vidyalankara (appointed 7 December 2020)
Company
number		 registered 02989656
Charity registered
number 1045693
Registered office 77Watson's Street
Deptford
London
SE84AU
Executive director Wozzy Brewster, OBE, FRSA
Independent examiner MHA Maclntyre Hudson
Chartered
Accountants
Boundary House
4 County Place
Chelmsford
Essex
CM2 ORE
Bankers Bardays Bank Pic
93Lewisham
High		 Street
Lewisham
SE136BB
CAF Bank Ltd
25 Kings
Hill Avenue
Kings
Hill
West Mailing
Kent
ME194JQ
Charity Bank Ltd
Fosse House
182 High Street
Tonbridge
TN9 1BE

DIRECTORS' REPORT DIRECTORS' REPORT DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
Cre8tiv 57students
aged 16+ participated		 The Cre8tiv
Choir was postponed
in the Cre8tiv
Choir,		 Music from the Autumn
term until
MMC
Production,
Keyboard		 for re-opens the building.
On-going
Songwriting
evening		 course and partnership
with Laika Network.
one-da YouTube trainin
CICAS: Creative 191young adults aged 16+ On-going
demand
with increased
Industries Careers received 'one to one' information, users, including
other unregistered
Advice Service (pronounced advice and guidance, as well as band members
and artists—
"Seekers") access to resources, marketing registered CICAS
members
support, funding
advice &		 surveyed
(285) with 32%
guidance, industry
contacts and		 registered
with industry
bodies, up
artistic development 6%, 7xCICAS 31+ members
registered
during
lockdown
and 64
CICAS
alumni
part ofthe
Creative Associate Professional
programme
CICAS Podcasts —on our MMC Opportunity
for
website
profiling
12Young		 CICAS
members
to feature
in an
Entrepreneurs/Artists on-line podcast.
CICAS internships
for 2 young		 Continued
support for both Interns,
pl'oducers Momoko
Gill —released debut
single 'After the Dance'
in
lockdown
for 'An Alien Called
Harmony',
played on Worldwide
FM and BBC6 Music, funded
by
Help Musicians'
MOBO Awards
and working
with Nadeem
Din-
Gabisi on his Afrobeat,
Grime & Hi-
Life project 'Pool' funded
by Help
Musicians'
Do It Differently
Fund,
and Anwar Louis —completed
his
album and was introduced
to
Secretsundaze
Studios. Working
on promo and developing
his
website.
Music Explosion Sessionsn' A series of music business These sessions were supported
seminars covering
Label, Sync,		 by: Hospital Records —Nikki Ellis,
Publishing,
Producing,		 industry Head ofLabel & Megan Bean,
body support
and Being an Artist		 in Head ofBusiness Affairs &Sync,
lockdown —99attendees and the Featured
Artist Coalition
registered (FAC) - Charlie Deakin Davies,
Chart-topping
Producer (Gary
Barlow), Roxanne de Bastion, FAC
Board member
& Artist, and Benny
Bizzie, Artist.
Summer 1 xAYM Sharing at the end ofthe Summer Showcase and mini
Showcase &mini Sharings Spring Term 2021 online with Sharings cancelled
due to
students and tutors only lockdown

Outreach &Partnerships 8x bursary awards to children awards to children awards to children awards to children awards to children The Conservatoire
continues
to
aged 11 - 16 to attend The provide additional
bursaries
and
Conservatoire in Blackheath for extended
bursaries
for former
one-to-one tuition over the period bursary winners. Tom's Trust's
ofone year investment
supports
the bursaries.
Placements and work experience Postponed
due to lockdown
and
from educational establishments the pandemic
Deaf Rave Music Production & Continued
to support Deaf
Access programme
for Deaf young		 producers
and sign song artists
people. with industry
introductions
to Fabric
Nightclub,
BPI Equality 8 Justice
Advisory
Group and CH Zl Rosso
International
Hip Hop Festival
in
Senegal,
plus SignKid was an
advocate for Deaf people during
lockdown,
interviewed
on the BBC
Telegraph Hill Band Camp band Postponed
instrumental
workshops
workshops during
lockdown
and awarded
2x
participants
with the Tom's Music
Bursary Award
We Are Lewisham Songwriting for Online songwriting
course for 12—
Expression 8 Activism 18s
The Inspiration Network —strategic Continued
progression
routes for
partnership with Impact 10, IRIE! young people into the creative
&
dance theatre and Lionbeat cultural
industries,
supported
by
referrals
with one new member
organisation
Creative Associate Professional The continued
development
ofa
Group (CAPs): MMC graduates, strategic grass roots network
with
alumni,
industry		 professionals and the capacity to record, release,
associated young entrepreneurs publish
and distribute
new music;
working together to increase their Patron Shingai released 'Too Bold'
resources as a collective with single release ft. CICAS
member Jelly Cleaver,
Laura Lamn
released 'Come Home' album and
entered the Official Folk Album
Charts at No.16,Rebekah
Reid
signed a publishing
deal with May
Music Ltd and Steam Down
recorded their new EP
Camberwell Fair/MMC Takeover Festival was postponed
due to
in Southwark borough lockdown. Successful application
by the festival fora partnership
Artist-in-residence
programme
to
be delivered
in the summer
2021
with K.O.G, Tawiah,
Gaika and
CICAS
member
Shirie
Tetteh

REAL TALK three-part REAL TALK three-part REAL TALK three-part REAL TALK three-part REAL TALK three-part REAL TALK three-part series of series of The Rob Knox Story featured
clips
free talks and discussions focused from the REAL TALK series, filmed
on reducing youth violence and by Aaron Truss, won the London
promoting unity Independent
Film Festival Beat
Feature Documentary
Award,
with
soundtrack
by CAPs member,
Devid Dell'Aiera's
band Taxi Joe
Association of Independent Music Partnership
organisation
with free
(AIM) access for CICAS
&CAPs
members
to AIM Sync Conference,
AIM Connected
Conference:
Business Tech and People, AIM
Academy webinars
and industry
intelligence
Featured Artist Coalition (FAC) Partnership
organisation
with free
access to webinars
and industry
intelligence,
plus artist
opportunities
London Landmarks Half Race postponed
until Aug 2021
Marathon/MMC Takeover due to COVID-19.
SDS Entertainment in Croydon Mentoring
the Directors, continued
online Bedroom Sessions for
artists, introduced
new Signature
60 project and new partnerships
with PUMA and ASBO Magazine-
BAFA UK Board member
BAFA UK Co-founded
the Black Association
for Arts UK led by founder,
Cleveland
Watkiss,
MMC Patron
Jazzie Band other Black industry
professionals
to establish
network
and opportunities
Homiman's Museum &Gardens Working
in partnership
with the
Homiman's
Museum
and
participated
in the filming ofthe
696Artist-in-Residence
commission,
plus social media
promo
Lionbeat Partner with Lionbeat on the
development
ofthe zero-carbon
BASSISBIKES(audio &visual),
linking
with potential
additional
partners
RE:SOUND Lewisham Songwriting
competition
in
partnership
with Lewisham
Council
Odd Motion and Apples
n Snakes

Lewisham
Borough ofCulture		 2022 MMC attended
meetings
on		 the
Council's
commissioning
plans and
programme
schedule —developing
project concepts and partnerships:
Lionbeat,
Deptford
Ragged School
Archive and BAFA UK
Hospital Records, Education and New industry
partnerships
creating
Bass and One House Artists athwa
o
ortunities
International Creative Knowledge
& Skills		 On hold.
Cultural
Partnership
—Mauritius
WOMEX Digital 2020 Participation
in online
networking
with a range of international
music
businesses.
AIM British Council Pro Selector Participated
in online discussions
UK Latin America Cohort & with representatives
from the
Conference music industry
in Venezuela,
Argentina,
Colombia and the		 UK to
understand
the territories
and build
networks
Events The Breakout Club Live music events postponed
during the pandemic
until further
notice.
CICAS Sessions (15)x digital Pre-recorded
performances
online
events with an online audience of supporting
31 artists to profile their
2,942 music, hosted
by CICAS
member,
Ola Torch
Seminars, Forums 8 The staff team engaged
with		 Contribution
to panels,
local
Conferences various forums and events, community,
and creative
including,
Lewisham
Music, LEAN,		 strategies, as well as raising the
BPI's Music Export Growth profile ofthe charity. Extension of
Scheme Board, English
Folk Talk		 links and contacts within the
panel, Artist 8 Manager's
Awards,		 commercial
UK music industry
and
London Remix Festival,
AIM		 other creative industries.
Awards,
MMC Music Manager
Accelerator programme
panel,
WAC Concerns Group, Reel Rebel
Radio, Rise Collective,
Trinity
Laban GoDigiTL Microgrant
panel,
UK Music Diversity Taskforce,
London Youth + more

Unrestricted Restricted Total Total
funds funds funds funds
Note 2021f 2021f 2021f 2020f
Income from:
Grants, Trusts and donations 199,217 28,838 228,055 184,468
Course fees 4,170 4,1?0 8,985
Event and venue
hire		 304 304 6,422
Bank interest receivable 301 301 129
Other income 7,767 7,767 5,809
Total income 211,759 28,838 240,59T 205,813
Expenditure
on:
Charitable
activities:
Staff costs 148,330 3,870 152,200 155,333
Project costs 6,126 6,858 12,984 21,263
Office costs 16,584 18,368 34,952 25,314
Publicity 2,749 242 2,991 7,318
Music equipment maintenance 1,084
Governance costs 4,7?7 4,777 4,858
Depeciation 11,528 11,528 8,438
Total expenditure 190,094 29,338 219,432 223,608
Other recognised gains:
Net movement in funds 21,665 (500) 21,165 (17,795)
Reconciliation offunds:
Total funds brought forward 87,123 500 8T,623 105,418
Net movement in funds 21,665 (500) 21,165 (17,795)
Total funds carried forward 108,788 108,788 87,623

2021 2020
Note
Fixed assets
Tangible assets 9 34,315 22,785
Investments 10 1 1
34,316 22,786
Current assets
Debtors 1,500 1,500
Cash at bank and in hand 88,228 88,349
89,728 89,849
Creditors: amounts falling due within one
year 12 (15,256) (25,012)
Net current assets 74,472 64,837
Total net assets 108,788 87,623
Charity funds
Restricted
funds		 13 500
Unrestricted
funds		 13 108,788 87,123
Total funds 108,788 87,623

Improvements
to rented		 - 20years
property
Office equipment - 4years
Music equipment - 4years

Unrestricted Restricted Total
funds funds funds
2021f 2021 2021
Donations 4,439 4,439
Grants and Trusts 182,589 28,838 211,427
In-kind donations 12,189 12,189
199,217 28,838 228,055
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
Donations 'i1,433 11,433
Grants and Trusts 157,438 10,750 168,188
In-kind donations 4,847 4,847
173,718 10,750 184,468

Unrestricted Restricted Total
funds funds funds
2021f 2021f 2021
Arts Council England grant 140,389 18,018 158,407
London Borough of Lewisham grant 38,200 1,000 39,200
Jack Petchey grant (500) (500)
Tom Ap Rhys Pryce Trust 4,000 10,000 14,000
Can you CIC it grant 320 320
182,589 28,838 211,427
Unrestricted Restricted Total
funds funds funds
2020f 2020 2020f
Arts Council England grant 117,234 117,234
London Borough of Lewisham grant 40,204 40,204
Jack Petchey grant 750 750
Tom Ap Rhys Pryce Trust 10,000 10,000
157,438 10,750 168,188
Project costs
2021f 2020f
Trainee costs 7,278 15,507
Travel and subsistence 3,701 3,689
Documents
and material		 1,566 1,549
Training 439 518
12,984 2'l,263

Office cos ts
2021 2020
Light, heat and premises 12,133 11,001
Rent 74 719
Insurance 4,328 4,093
Postage and stationary 2,796 4,391
Telephone and internet 14,482 2,640
Office equipment
maintenance		 1,017 2,410
Bank charges 122 60
34,952 25,314
Governance costs
2021 2020
Independent Examiners' remuneration 3„672 3,600
Independent Examiners' remuneration - Under-accrual of prior year fees 172
Independent Examiners' remuneration -Other fees 132
Professional fees 973 1,086
4,777 4,858

Staff costs
2021 2020
Wages and salaries 146,980 f48,889
Social security costs 4,458 5,762
Contribution to defined contribution pension schemes 762 682
152,200 155,333
2021 2020
No. No.

Improve-
ments to
rented Office Music
propertyf equipment
f		 equipment
f		 Totalf
Cost or valuation
At 1 April 2020 131,806 49,815 92,797 274,418
Additions 10,869 12,189 23,058
Disposals (4,476) (4,476)
At 31 March 2021 131,806 60,684 100,510 293,000
Depreciation
At 1 April 2020 112,655 49,815 89,163 251,633
Charge for the year 6,590 679 4,259 11,528
On disposals (4,476) (4,476)
At 31 March 2021 119,245 50,494 88,946 258,685
Net book value
At 31 March 2021 12,561 10,190 11,564 34,315
At 31March 2020 19,151 3,634 22,785

10. Fixed asset investments
Cost or valuation
At 1 April 2020
At 31 March 2021
Net book value
At 31 March 2021
At 31March 2020

2021 2020
Due within one year
Other debtors 1,500 1,500
1,500 1,500

2021 2020
Trade creditors 9,393 3,053
Other taxation and social security 2,120 2,010
Other creditors 143 132
Accruals and deferred income 3,600 19,817
15,256 25,012
2021 2020
Deferred income
At 1 April 9,550 14,738
Resources deferred during the year 9,550
Amounts
released		 from previous periods (9,550) (14,738)
At 31 March 9,550

Statement offu nds - current year
Balance at
Balance at 1 Transfers 31 March
April 2020 Income Expendituref in/out 2021
Unrestricted
funds
Designated
funds
Fixed asset fund 22,T86 11,529 34,315
General funds
General
Fund		 64,337 211,759 (190,094) (11,529) 74,4T3
Total Unrestricted funds 87,123 211,759 (190,094) 108,788
Restricted funds
Tom's Trust 10,000 (10,000)
Jack Petchey Foundation 500 (500)
NPO Emergency Fund 18,018 (18,018)
London Borough of Lewisham 1,000 (1,000)
Can You CIC it 320 (320)
500 28,838 (29,338)
Total offunds 87,623 240,597 (219,432) 108,788

Statement offunds - prior ye ar
Balance at
Balance at Transfers 31March
1April 2019 Income Expenditure in/out 2020
Unrestricted
funds
Designated
funds
Fixed assetfund 26,377 (3,591) 22,786
General funds
General
Fund		 72,891 195,063 (207,208) 3,591 64,337
Total Unrestricted funds 99,268 195,063 (207,208) 87,123
Restricted funds
Tom's Trust 10,000 (10,000)
Jack Petchey Foundation 750 750 (1,000) 500
StJames's Place Foundation 5,400 (5,400)
6,150 10,750 (16,400) 500
Total offunds 105,418 205,813 (223,608) 87,623

Unrestricted Total
funds funds
2021 2021
Tangible fixed assets 34,315 34,315
Fixed asset investments 1 1
Current assets 89,728 89,728
Creditors due within one year (15,256) (15,256)
Total 108,788 108,7&8

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
Tangible fixed assets 22,785 22,785
Fixed asset investments 1 1
Current assets 89,349 500 89,849
Creditors due within one year (25,012) (25,012)
Ttl 87,123 500 87,623

2021f 2021 2020f 2020
INCOME
Grants 197,607 157,438
Trust income 13,820 10,750
Hire services 304 6,422
Course fees 4,170 8,985
Interest receivable 301 129
Donations
and other income		 24,395 22,089
Total income 240,597 205,813
EXPENDITURE
Salaries 98,950 101,883
Casual and self-employed staff 53,250 53,450
Premises and office running costs 34,830 25,254
Trainee costs 7,278 15,507
Documents
and materials		 1,566 1,549
Staff travel, subsistence and training 4,140 4,207
Publicity 2,991 7,318
Bank charges 122 60
Music equipment maintenance 1,084
Depreciation 11,528 8,438
Governance
costs		 4,777 4,858
Total expenditure 219,432 223,608
Net income/(expenditure) for the reporting period 21,165 (17,795)