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





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





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|||||||||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<br>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|





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||||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<br>year|faglng due after more than one|||124,321||103,488|
|Total net assets||||945,523||866,392|
|The funds ofthe charity:|||||||
|Restricted<br>income funds||15||344,576||347,576|
|Unrestricted<br>funds||14||600,947||518,816|
|Total charity funds||17||945,523||866,392|





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|||||||||Notes|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||6|
|Cash flows from operating||activities:|||||||||
||Net cash provided<br>by/(used<br>in) operating||activities||||||125,496|26,223|
|Cash flows from investing||activities:|||||||||
||Dividends. interest and rents from investments||||||||55|37|
|Net cash provided<br>by/(used||in) investing|activities||||||55|37|
|Change<br>in cash and cash equivalents<br>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<br>ofnet Income/(expenditure)||||to net|cash flow from|||||
||operating<br>activities||||||||||
||Net income/(expenditure)<br>for the reporting||||period (as per||the statement|offinancial|||
||activities)||||||||79,131|60,901|
||Adjustments<br>for:||||||||||
||Depreciation<br>charges||||||||7,297|7,793|
||Dividends,<br>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<br>by/(used<br>in) operating||||activities||||125,496|26,223|
||||||||||2021|2020|
||||||||||6||
|2)|Analysis ofcash and cash equivalents||||||||||
||Cashin<br>hand||||||||242,393|116,842|
||Total cash and cash equivalents||||||||242,393|116,842|





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|||||2021|2020|
|---|---|---|---|---|---|
|Donations<br>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<br>f|Restricted<br>f|Totalf|Totalf|
|Bank interest received||55||55|37|
|||55||55|37|
|||||2021|2020|
|Expenditure<br>on charitable activities||Unrestricted|Restrictedf|Totalf|Totalf|
|Musicians,<br>course tutors and admin staff||5,728||5,728|11,524|
|Recording<br>and related costs|||||66|
|Legal and professional<br>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<br>costs including|website design||||25|
|Depreciation - buildings||4,298|3,000|7,298|7,318|
|Depreciation - plant &machinery|||||475|
|Donations<br>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|



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|Charity Company<br>Limited by Guarantee,<br>com<br>tes to the Accounts<br>the<br>ear ended 31 March 2021|pany<br>number 3258356)||||
|---|---|---|---|---|
|Tangible fixed assets|Land S|Funltum 8|ONce||
|Cost|buadlngsf|fixtures<br>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<br>Charge for the year|60,036<br>7,297|25,922|6,065|92,023<br>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<br>restriction<br>on the ability ofthe charity to dispose ofassets bought with their fu<br>gain approval<br>for any disposals.|nds.<br>This restriction<br>usually<br>requires<br>the|charity to|
|---|---|---|---|
|8|Debtors: amounts<br>falling due within one year|2021|2020|
||Operating<br>debtors|f<br>6,792|f<br>16,830|
|||~192|, I~,030|
|9|Bank and cash in hand<br>Bank current account 2<br>Bank current account 4<br>Bank current account 7<br>Bank current account 8<br>Cash account|2021f<br>84,803<br>136,760<br>3,313<br>17,172<br>345|2020f<br>41,721<br>54,264<br>4,416<br>16,096<br>345|
|||242,393|116,612|
|10|Creditors: amounts<br>falling due within one year|2021|2020|
||Rent deposits<br>VAT liability<br>Accruals<br>Deferred income<br>Premises Studios Limited loan<br>Triodos bank loans<br>Bounce Backloan|3,975<br>7,153<br>3,498<br>9,938<br>56,486<br>41,679<br>4,167|f<br>3,975<br>10,506<br>5,998<br>56,486<br>41,679|
|||126.896|110.044|



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





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|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<br>E|utaised<br>E|movements<br>E|balance<br>E|
||~Restri<br>t ~fn|||||||
||Restricted<br>income|funds|347,576||(3,000)||344,576|
||Unrer~tri<br>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<br>E|arising<br>E|utalsed<br>f|movements<br>E|balance|
||~Re<br>tri t ~fn|||||||
||Restricted income|funds|350,584||(3,008)||347,576|
||Qnnr~tn<br>t ~fn s<br>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<br>E|resources<br>f|expended|gainer(losses)<br>E|balance<br>E|
||Freehold premises|& studio|346,311||3,000||343,311|
||Digital Bridge||1,265||||1,265|
||||347,576||3,000||344576|





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|for|the<br>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|



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



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