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|Reference and Administrative
Details|Reference and Administrative
Details||
|---|---|---|
|Strategic Report|||
|Trustees' Report||3to7|
|Statement ofTrustees'|Responsibilities||
|Independent
Examiner's|Report||
|Statement ofFinancial|Activities|10|
|Balance Sheet|||
|Notes to the Financial|Statements|12to 25|
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|||||Reference aud Administrative
Deta|
|---|---|---|---|---|
|Chief Kxecutive Officer||||Mr PHallett|
|Trustees||||Mr TMClark, Chair|
|||||Mr KRDearsley (resigned on 20May 2021)|
|||||Mrs A Jeffery|
|||||Ms EJBovey|
|Principal|Office|||Chewton Farm Road|
|||||Walkford|
|||||Christchurch|
|||||Dorset|
|||||BH23 5QL|
|Registered||Office||Chewton Farm Road|
|||||Walkford|
|||||Christchurch|
|||||Dorset|
|||||BH23 5QL|
|Company|Registration||Number|03487093|
|Charity Registration|||Number|1068710|
|Independent||Examiner||Westlake Clark Audit LLP|
|||||Chartered
Accountants|
|||||7Lynwood
Court|
|||||Priestlands
Place|
|||||Lymington|
|||||Hanip shire|
|||||SO41 9GA|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|2021|
|||Note||||
|Income and Endowments|from:|||||
|Donations
and legacies|||114,718|10,990|125,708|
|Charitable
activities|||146,446|2,500|148,946|
|Total Income|||261,164|13,490|274,654|
|Expenditure
on:
Charitable
activities
Total Expenditure||5|~203,007)
~203,007|(16,739)
~16,739)|(219,746)
~(219,746|
|Net income/(expenditure)|||58,157|(3,249)|54,908|
|Net movement
in funds|||58,157|(3,249)|54,908|
|Reconciliation
offunds||||||
|Total funds brought
forward|||384,028|4,030|388,058|
|Total funds carried forward||16|442,185|781|442,966|
||||Unrestricted|Restricted|Total|
||||funds|funds|2020|
|||Note||||
|Income and Endowments|from:|||||
|Donations
and legacies|||87,520|44,583|132,103|
|Charitable
activities|||175,595||175,595|
|Investment
income|||186||186|
|Total income|||263,301|44,583|307,884|
|Expenditure
on:
Charitable
activities||5|~229,156)|~60,808)|289,964)|
|Total expenditure|||(229,156)|(60,808)|(289,964|
|Net income/(expenditure)|||34,145|(16,225)|17,920|
|Net movement
in funds|||34,145|(16,225)|17,920|
|Reconciliation
offunds||||||
|Total funds brought
forward|||349,883|20,255|370,138|
|Total funds carried forward||16|384,028|4,030|388,058|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|g||
|Fixed assets||||||||
|Tangible assets|||||12|477/95|480,598|
|Current
assets||||||||
|Debtors|||||13||527|
|Cash at bank|and in hand|||||108,854|52,686|
|||||||108,854|53,213|
|Creditors: Amounts
falling duc within||||onc year|M|~46.1{O|{18.{{23)|
|Nct current|assets|||||62,744|34,390|
|Total asset's|less current||liabilities|||540,139|514,988|
|Cretlitors: Amounts||falling duc after||more th:m one year|15|(97,173)|(126,930)|
|Nct assets||||||442,966|388„058|
|Funds ofthe|Charity:|||||||
|Restricted income funds||||||||
|Rest{icted funds|||||16||4,030|
|Unrestricted|income|funds||||||
|Unrestricted|funds|||||442,185|384,028|
|Total funds|||||16|442,966|388,058|
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|Asset class|Depreciation
method and rate|Depreciation
method and rate|
|---|---|---|
|Freehold Property|Nil||
|Improvements
to Freehold Property|2% straight|line basis|
|Fixtures &Fittings|10%straight|line basis|
|Equipment
and Instruments|10%!25%|straight
line basis|
|SoAware Library|Fully depreciated
in year ofpurchase||
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|||Unrestricted||||
|---|---|---|---|---|---|
|||funds||||
||||Restricted|Total|Total|
|||General|funds|2021|2020|
|Donations
and legacies;||||||
|Donations||41,344|9,490|50,834|27,763|
|Gift aid reclaimed||10,160||10,160||
|Grants, including|capital grants;|||||
|Public sector||63,214|1,500|64,714|104,340|
|||114,718|10,990|125,708|132,103|
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|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
|||||funds||||
||||||Restricted|Total|Total|
|||||General|funds|2021|2020|
||Music Tuition|and Learning||135,498|2,500|137,998|156,385|
||Music for Health and Well Being|||10,948||10,948|19,210|
|||||146,446|2,500|148,946|175,595|
|4|Investment|income||||||
|||||||Total|Total|
|||||||2021|2020|
|Grazing income|||||||186|
|5|Expenditure|on charitable|activities|||||
|||||Activity||||
|||||undertaken|Activity|Total|Total|
|||||directly|support costs|2021|2020|
|Music Tuition and Learning||||112,269|90,838|203,107|257,313|
|Music for Health||and Well Being||6,166|10,473|16,639|32,651|
|||||118,435|101,311|219,746|289,964|
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|Net incoming|resource|s for the year include:|||
|---|---|---|---|---|
||||2021|2020|
|Independent|examiner|fees|2,461|2,971|
|Depreciation|offixed|assets|4,153|3,794|
|Finance charges payable|||4,255|4,779|
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|9
Staff costs
The aggregate
payroll costs were as follows:|||
|---|---|---|
||2021|2020|
|Staffcosts during the year were:|||
|Wages and salaries|150,751|193,085|
|Social security costs|1,564|4,758|
|Pension costs|1,687|2,088|
||154,002|199,931|
|2021|2020|
|---|---|
|No|No|
|Therapy/tuition|staff|
|---|---|
|Administrative||
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|2021|2020|
|---|---|
|2,461|2,971|
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|12 Tangible fixed assets|||||||
|---|---|---|---|---|---|---|
||Land and|Furniture|and|Computer|||
||buildings|equipment||equipment|Instruments|Total|
|Cost|||||||
|At 1 September 2020|501,884|10,168||37,876|15,146|565,074|
|Additions|||||950|950|
|At 31August 2021|501,884|10,168||37,876|16,096|566,024|
|Depreciation|||||||
|At 1 September 2020|23,627|10,168||36,084|14,597|84,476|
|Charge for the year|3 177|||392|584|4,153|
|At 31August 2021|26,804|10,168||36,476|15,181|88,629|
|Net book value|||||||
|At 31August 2021|475,080|||1,400|915|477,395|
|At 31August 2020|478,257|||1,792|549|480,598|
|13 Debtors|||||||
||||||2021|2020|
|Other debtors||||||527|
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|14 Creditors:
amounts
falling due within
one year|||
|---|---|---|
||2021|2020|
|Bank loans and overdrafts|37,675|11,015|
|Trade creditors|2,823|3,763|
|Other taxation and social security|620|1,112|
|Other creditors|36|318|
|Pension scheme creditor|408|515|
|Accruals|4,548|2,100|
||46,110|18,823|
|Creditors due within one year includes
the following
liab|ilities,
on which security has been given by the Charity:||
|---|---|---|
||2021|2020|
|Bank overdraft|14,384|1,541|
|Loan|12,500|3,434|
|Mortgage|10,791|6,040|
||37,675|11,015|
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|15 Credi|tors: a|m|ounts
|fa|lling due afte|r one yea|r|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021|2020|
|Bank loans||||||||||97,173|126,930|
|Creditors|amounts||falling|due after more||than one|year includes|the following|liabilities,|on which security|has been given by|
|the Charity:||||||||||||
|||||||||||2021|2020|
|Loan|||||||||||14,216|
|Mortgage||||||||||97,173|112,714|
|||||||||||97,173|126,930|
|Freehold|property||owned|by the Charity||has been used as security.||||||
|Included|in the creditors are the following|||||amounts|due after more|than five years:||||
|||||||||||2021|2020|
|After more than five years|||||by instalments|||||54,010|66,259|
|Bank loans and||overdrafts|||after five years|||||||
|The commercial||mortgage|||term remaining|is 12years at an interest rate of2%|||above base|rate.||
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|16 Funds|||||
|---|---|---|---|---|
||Balance at 1||||
||September|Incoming|Resources|Balance at 31|
||2020|resources|expended|August 2021|
||||'E||
|Unrestricted
funds|||||
|General|||||
|Unrestricted
Income Fund|384,028|261,164|(203,007)|442,185|
|Restricted funds|||||
|Fiddle Orchestra|(2,757)|9,490|(5,952)|781|
|Other Learning
and Engagement|946||(946)||
|Folio Consortium
ACE Emergency|(280)
6,121|2,500
1,500|(2,220)
~7,621||
|Total restricted
funds|4,030|13,490|16,739|781|
|Total funds|388,058|274,654|(219,746)|442,966|
||Balance at 1||||
||September|Incoming|Resources|Balance at31|
||2019|resources|expended|August 2020|
|Unrestricted
funds|||||
|General|||||
|Unrestricted
Income Fund|349,883|263,301|(229,156)|384,028|
|Restricted funds|||||
|Fiddle Orchestra|(5,443)|12,219|(9,533)|(2,757)|
|Other Learning
and Engagement|2,920||(1,974)|946|
|ACE Catalyst Evolve|18,681|13,316|(31,997)||
|Premises
fund|(773)|2,153|(1,380)||
|Folio Consortium
ACE Emergency|4,870|3,395
13,500|(8,545)
~7,379|(280)
6,121|
|Total restricted
funds|20,255|44,583|(60,808)|4,030|
|Total funds|370,138|307,884|289,964|388,058|
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|17 Anal|ysis ofnet assets between
funds|Unrestricted
funds|||
|---|---|---|---|---|
|||||Total funds at|
||||Restricted|31August|
|||General|funds|2020|
|Tangible|fixed assets|477,395||477,395|
|Current|assets|108,073|781|108,854|
|Current
liabilities
Creditors over 1 year||(46,110)
97,173||(46,110)
~97,173)|
|Total net assets||442,185|781|442,966|
|||Unrestricted|||
|||funds|||
|||||Total funds at|
||||Restricted|31August|
|||General|funds|2020|
|Tangible|fixed assets|480,598||480,598|
|Current|assets|49,183|4,030|53,213|
|Current
Creditors|liabilities
over 1 year|(18,823)
126,930||(18,823)
~126,930)|
|Total net assets||384,028|4,030|388,058|