2021-03-31-accounts

		Page
Index to the Financial	Statements
Charitable company Information
Trustees' Report		4-6
Statement ofTrustees'	Responsibilities
Independent Auditor's	Report	8-9
Statement ofFinancial	Activities	10
Statement ofFinancial	Position
Statement ofCash Flows		12
Accounting Policies		13-14
Notes to the Accounts		15-19

Charity name:	Charity name:			The Premises Music Education	The Premises Music Education	Programme
Company	registration		number:	3258356
				England &Wales
Charity registration		number.		1059205
Registered	office:			209 Hackney Road
				London
				E2BJL
Operations	address:			209 Hackney Road
				London
				E2BJL
Trustees who held office				Nicola Collins
during the	year:			Nimi Furtado
				Sidonie Winter
				Ted Bames
Senior Statutory Auditor:				Anthony Armstrong	FCA
				Armstrong 5 Co
				Chartered Accountants	tt Statutory Auditor
				4a Printing House Yard
				Hackney Road
				London E2TPR
Bankers:				Bank ofScotland
				33Old Broad Street
				London
				EC2N 1Hz
				Trlodos Bank
				Deanery Road
				Bristol
				BS15AS

								2021	2020
						Unrestricted	Restricted	Total Funds	Total Funds
						Funds	Funds
					Notes	F
Income from:
Donations	and legacies					1,926		1,926	2,573
Charitable	activities					99,809		99,809	95,560
Investments						55		55	37
Total income						101,790		101,790	98,170
Expenditure	on:
Charitable	activities					19,659	3,000	22,659	37,269
Total expenditure						19,659	3,000	22,659	37,269
Net incomei(expenditure)			and movement	in funds		82,131	(3,000)	79,131	50,901
Reconciliation offunds:
Total funds	brought	forward			13	518,816	347,576	865,392	805,491
Total funds	carried	forward			13	600,947	344,576	945,523	866,392

			31 March	2021	31 March	2020
		Notes
Fixed assets:
Tangible assets				947.555		954,852
Total Axed assets				947,555		954,852
Current assets:
Debtors			6,792		16,830
Cash at bank and In	hand		242,393		116,842
Total curmnt assets			249,185		133,672
Creditors: amounts	falling due within one year	10	126,896		118,644
Net current assetsl(gabillges)				122,289		15,028
Total assets less current gabigtles				1,069,844		969.880
Creditors: amounts year	faglng due after more than one			124,321		103,488
Total net assets				945,523		866,392
The funds ofthe charity:
Restricted income funds		15		344,576		347,576
Unrestricted funds		14		600,947		518,816
Total charity funds		17		945,523		866,392

								Notes	2021	2020
										6
Cash flows from operating		activities:
	Net cash provided by/(used in) operating		activities						125,496	26,223
Cash flows from investing		activities:
	Dividends. interest and rents from investments								55	37
Net cash provided by/(used		in) investing	activities						55	37
Change in cash and cash equivalents in the				reporting		period			125,551	26,260
Cash and cash equivalents		at the beginning		ofthe reporting			period		116.642	90.562
Cash and cash equivalents		at the end of	the	reporting		period			242,393	116,842
N tea to the ca hFI w		m nt							2021	2020
									6
1)	Reconclgatlon ofnet Income/(expenditure)				to net	cash flow from
	operating activities
	Net income/(expenditure) for the reporting				period (as per		the statement	offinancial
	activities)								79,131	60,901
	Adjustments for:
	Depreciation charges								7,297	7,793
	Dividends, interest and rents from investments								(55)	(37)
	(Increase)/decrease	in debtors							10,036	(9,417)
	Increase/(decrease)	in creditors							29,085	(33,021)
	Net cash provided by/(used in) operating				activities				125,496	26,223
									2021	2020
									6
2)	Analysis ofcash and cash equivalents
	Cashin hand								242,393	116,842
	Total cash and cash equivalents								242,393	116,842

				2021	2020
Donations and legacies		Unrestricted	Restrictedf	Totalf	Totalf
Donations		1,926		1,926	2,573
		1 926		1 926	2513
				2021	2020
Income from charitable activities		Unrestrictedf	Restrictedf	Totalf	Total
Rental income		98,789		98,789	90,650
Jazz Piano fees		985		985	4,675
Voice Jam fees		35		35	235
		99,809		99809	95560
				2021	2020
Income from investments		Unrestricted f	Restricted f	Totalf	Totalf
Bank interest received		55		55	37
		55		55	37
				2021	2020
Expenditure on charitable activities		Unrestricted	Restrictedf	Totalf	Totalf
Musicians, course tutors and admin staff		5,728		5,728	11,524
Recording and related costs					66
Legal and professional fees		567		567	367
Bank charges		144		144	145
Repairs &maintenance		1,880		1,880	5,922
Loan interest		3,342		3,342	4,912
Project marketing costs including	website design				25
Depreciation - buildings		4,298	3,000	7,298	7,318
Depreciation - plant &machinery					475
Donations made		1,200		1,200	4,015
Auditors fees - audit services		1,300		1,300	1,300
Auditors fees - other services		1,200		1.200	1,200
		19,659	3,000	22.659	37,269

Charity Company Limited by Guarantee, com tes to the Accounts the ear ended 31 March 2021	pany number 3258356)
Tangible fixed assets	Land S	Funltum 8	ONce
Cost	buadlngsf	fixtures f	equlpmsntf	Totalf
As at 1 April 2020	1,014,888	25,922	6,065	1,046,875
As at 31 March 2021	1,014,888	25,922	6,065	1,046,875
Depreciation
As at 1 April 2020 Charge for the year	60,036 7,297	25,922	6,065	92,023 7,297
As at 31 March 2021	67,333	25,922	6,065	99,320
Net book value
As at 31 March 2021	947,555			947,555
As at 31 March 2020	954,852			954,852

	r restriction on the ability ofthe charity to dispose ofassets bought with their fu gain approval for any disposals.	nds. This restriction usually requires the	charity to
8	Debtors: amounts falling due within one year	2021	2020
	Operating debtors	f 6,792	f 16,830
		~192	, I~,030
9	Bank and cash in hand Bank current account 2 Bank current account 4 Bank current account 7 Bank current account 8 Cash account	2021f 84,803 136,760 3,313 17,172 345	2020f 41,721 54,264 4,416 16,096 345
		242,393	116,612
10	Creditors: amounts falling due within one year	2021	2020
	Rent deposits VAT liability Accruals Deferred income Premises Studios Limited loan Triodos bank loans Bounce Backloan	3,975 7,153 3,498 9,938 56,486 41,679 4,167	f 3,975 10,506 5,998 56,486 41,679
		126.896	110.044

11	Creditors: amounts Triodos bank loans Bounce Back loan	falling due after one year	2021f 103,488 20,833	2020 f 103,488
			124,321	103,4ll0

12	Maturity	ofdebt	2021	2020
			E	E
	Amount	falling due:
	In one	year or less	102,332	98,165
	Between two and five years		120,515	99,682
	In five	years or more	3,806	3,806
			22142153	2201. 453

			OpenIng	Resources	Resources	Other	Closing
13	The funds ofthe charity: current year		balancef	arising E	utaised E	movements E	balance E
	~Restri t ~fn
	Restricted income	funds	347,576		(3,000)		344,576
	Unrer~tri t ~fn 5
	General funds		518,816	101,790	(19,659)		600,947
			866,392	101,790	(22,659)		945,523
			Opening	Resources	Resources	Other	Closing
14	The funds ofthe charity: prior year		balance E	arising E	utalsed f	movements E	balance
	~Re tri t ~fn
	Restricted income	funds	350,584		(3,008)		347,576
	Qnnr~tn t ~fn s General funds		454,907	55 II~	~34,251		518,816
			805,491	98,170	(37,269)		866,392
			Opening	Incoming	Resources	Transfers 8	Closing
15	Restricted funds:	current period	balance E	resources f	expended	gainer(losses) E	balance E
	Freehold premises	& studio	346,311		3,000		343,311
	Digital Bridge		1,265				1,265
			347,576		3,000		344576

for	the ear ended	31 March 2021
			Opening	Incoming	Resources	Transfers	&	Closing
16	Restricted funds:	prior period	balance	resources	expended	gslnsi(losses)		balance
			E		E	E		E
	Freehold premises	&studio	349,319		3,008			346,311
	Digital Bridge		1,265					1,265
			350,584		3,008			347,576

			General	Designated	Restricted	Endowment
17	Net assets attributable	to funds: current period	funds	funds E	fundsf	funds E	Total E
	Tangible fixed assets		603,542		344,013		947,555
	Current assets		248,622		563		249,185
	Current liabilities Long term liabilities		(126,895) ~124,322				(126,895) ~124.322
	Net assets represented	by funds	600,947		344,576		945.523
			General	Designated	Restricted	Endowment
18	Net assets attributable	to funds: prior period	funds	funds E	funds E	funds E	Totalf
	Tangible fixed assets		608,190		346,311		954,501
	Current assets		132,758		1,265		134,023
	Current liabilities		(118,644)				(118,644)
	Long term liabilities		(103,488)				(103,488)
	Net assets represented	by funds	518,816		347,576		866,392