## Earley Music Limited
Report of the Directors and Unaudited Financial Statements Year Ended 31 August 2023
## EARLEY MUSIC LIMITED Earley Music Centre
## INDEPENDENT EXAMINER’S REPORT
I report on the accounts of Earley Music Limited for the year ended 31 August 2023.
This report includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual! items or | disclosures in 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.
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- e to keep accounting records in accordance with section 336 of the Companies Act 2006; and e to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Stephen Cox ACMA, CGMA
Tilehurst Reading Berkshire
## Earley Music Limited
## Contents of the Financial Statements Year Ended 31 August 2023
||Page|
|---|---|
|Contents|1|
|Company Information|2|
|Report of the Directors|3|
|Balance Sheet|4|
|Income & Expenditure Account|5|
|Notes to the Financial Statements|6|
|PSCRegister|7|
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## Earley Music Limited
## Company Information Year Ended 31 August 2023
## Directors
## Company Secretary
## Registered Office
## Registered Number
Mr Philip Stanley Rogers Mr Donald Christopher Dobby
Mr Donald Christopher Dobby
14 Lytham End Tilehurst Reading RG31 6FG
03777653 (England and Wales)
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## Earley Music Limited
## Report of the Directors
The Directors present their report together with the financial statements of the company for the year ended 31 August 2023
## Principal Activity
The principal activity of the company was that of a Music School.
## Directors
The Directors for the year under review were:-
Mr P S Rogers Mr D C Dobby
## Secretary
Mr D C Dobby
## Accounts
The accounts are prepared in accordance with the 2006 Companies Act. For the Year Ended 31 August 2023 the company was entitled to exemption under Section 477(2) of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476. The Directors acknowledge their responsibility for:- (i) Ensuring the company keeps accounting records which comply with Section 386; and (ii) Preparing Accounts which give a true and fair view of the state of affairs of the company as at the end of its financial year and of its profit and loss for the financial year in accordance with Section 393 and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
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Signed on Behalf of the Board ofAC (Ow
Mr P Rogers Mr D Dobby
Director
noteate...DNV R\ LTDORN
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,
## Earley Music Limited
## Balance Sheet as at 31 August
## 2023
## Current Year
## Previous Year
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|||||||||
|---|---|---|---|---|---|---|---|
|£|£|£|£|
|Fixed|Assets|
|Tangible|0.00|0.00|
|Intangible|0.00|0.00|
|Current|Assets|
|Debtors|0.00|0.00|
|Cash|at|Bank|5,188.35|11,393.56|
|Reserve|Account|43,000.20|32,652.51|
|BACS|Account|11,253.00|11,056.60|
|59,441.55|55,102.67|
|Current|Liabilities|
|Creditors:|
|Amounts|falling|due|within|one|year|11,753.00|500.00|
|PAYE|Due|to|HMRC|0.00|0.00|
|11,056.60|
|11,753.00|11,556.60|
|Current|Assets|less|Current|Liabilities|47,688.55|43,546.07|
|Total|Net Assets|47,688.55|43,546.07|
|Reserves|
|Unrestricted|Funds|47,688.55|43,546.07|
|Restricted|Funds|0.00|0.00|
|Total|Charity Funds|47,688.55|43,546.07|
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The accounts are prepared in accordance with the 2006 Companies Act. For the Year Ended 31 August 2023 the company was entitled to exemption under Section 477(2) of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476. The Directors acknowledge their responsibility for:- (i) Ensuring the company keeps accounting records which comply with Section 386; and (ti) Preparing Accounts which give a true and fair view of the state of affairs of the company as at the end of its financial year and of its profit and loss for the financial year in accordance with Section 393 and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Signed of beha ii Board ofDirectors:- AS
q \ N
@a fes.S
Mr P Rogers C) Mr D C Dobby
Date 2X. Ne
4
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Income & Expenditure Account for year to 31 August 2023
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|||||||
|---|---|---|---|---|---|
|Current|Year|Previous|Year|
|Income|£|£|£|£|
|Fees|£106,529.83|£102,531.47|
|Exams|£2,752.00|£2,912.00|
|Bands|£0.00|£0.00|
|Sundries|£0.00|£0.00|
|£109,281.83|£105,443.47|
|Expenditure|
|Team|Fees|£87,013.50|£84|688.70|
|Exams|£2,752.00|£2,912.00|
|Bands|£0.00|£0.00|
|Music|£224.84|£0.00|
|Rent|£12,082.11|£11,765.77|
|£102,072.45|£99, 366.47|
|Gross|Profit|£7,209.38|£6,077.00|
|Phone|£91.00|£186.00|~|
|Stationery|£191.20|£230.49|
|Insurance|£749.30|£731.04|
|Accountancy|£500.00|£500.00|
|Repairs/Replacements|£570.72|£572.75|
|Coy|Exp|£1,135.13|£1,343.29|
|Sundries|£177.24|£219.83|
|IT|Costs|£0.00|£1,482.88|
|£3,414.59|£5,266.28|
|£3,794.79|£810.72|
|Interest|Rec'd|£347.69|£15.26|
|£4,142.48|£825.98|
|Depreciation|£0.00|£0.00|
|Net|Profit/Loss|£4,142.48|£825.98|
|Balance|bff from|Previous|Period|£43,546.07|£42,720.09|
|Balance|c/f to|Next|Period|£47,688.55|£43,546.07|
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2023
## Earley Music Limited
Notes to the Financial Statements - Year Ended 31 August
## Accounting Policies
The financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.
The accounts are prepared in accordance with the 2006 Companies Act. For the Year Ended 31 August 2023 the company was entitled to exemption under Section 477(2) of the Companies Act 2006.
## Income
The Income of the company derives principally from tuition fees.
## Taxation
The Company is a Registered Charity and is not liable to Corporation Tax.
## Liability of Members
The company is limited by guarantee and does not have a share capital.
These notes form part of the financial statements.
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## Earley Music Limited - Register of PSC's (people with significant control)
Name & Postion Description Donald Christopher Dobby Director Company Secretary Preparation of Accounts, Submission of all returns and Final Accounts Centre Director (joint) Timetabling, Administration, Financial Management, Complaints. Vice Chair Management Committee
Philip Stanley Rogers Director (Unpaid) Unpaid Chair Management Comtee All matters relating to the Management Committee. Administration. Complaints Taryn Deane Centre Director (joint) Ail matters relating to Musical Issues. Teaching, Examinations. Complaints. Teacher Teachesa limited timetable of students.
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