OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts
Director s Mr R Barnett
Ms S Nelson
Mr R Hunter
Secretary Miss 0 Meekin
Charity number 1090556
Company number 04202335
Principal address Blaris Industrial Estate Unit 2
24 Altona Road
Lisburn
Antrim
BT275QB
Registered office 59-60 Russell Square
London
England
WCIB 4HP
Auditor GMcG LISBURN
Century
House
40 Crescent Business Park
Lisburn
BT28 2GN
Bankers Danske Bank
Donegall Square West
Belfast
BT16JS
Solicitors Bishop 8 Sewell LLP Solicitors
59-60 Russell Square
London
WC1B4HB

Page
Director's report 1-4
Independent
auditor's		 report 5-10
Statement offinancial activities
Statement offinancial position 12
Notes to the financial statements 13-25

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes E E E E
Income from:
Donations
and
legacies 376,900 376,900
Charitable
activities
Investments		 71,103
1,084		 87,011 158,114
1,084		 94,090
5,624		 97,936 192,026
5,624
Total income 449,087 87,011 536,098 99,714 97,936 197,650
Ex enditure
on:
Charitable
activities		 6 42,579 152,551 195,130 50,908 153,927 204,835
Net incoming/(outgoing)
resources
before
transfers 406,508 (65,540) 340,968 48,806 (55,991) (7,185)
Gross transfers
between
funds		 12 (65,540) 65,540 (55,623) 55,623
Net income/(expenditure)
for the year/
Net movement in funds 340,968 340,968 (6,817) (368) (7,185)
Fund balances at 1 April
2022 197,070 197,070 203,887 368 204,255
Fund balances at 31
March 2023 538,038 538,038 197,070 197,070

Notes 2023
E		 2022
f
Fixed assets
Tangible assets 13 2,030 2,609
Investments 14 1 1
2,031 2,610
Current assets
Debtors 15 25,359 48,189
Cash at bank and in hand 560,962 185,574
586,321 233,763
Creditors: amounts
one year		 falling due within 16 (50,314) (39,303)
Net current assets 536,007 194,460
Total assets less current liabilities 538,038 197,070
Income funds
Unrestricted funds 538,038 197,070
538,038 197,070

Investments
Unrestricted Unrestricted
funds funds
2023 2022
F E
Gift Aid - Music for Life Records Limited
interest receivable		 554
530		 5,472
152
1,084 5,624
CLI
5 cv
0 O
I
Ol		 CLI
5 cv
0 O
I
Ol		 CLI
5 cv
0 O
I
Ol		 CII CO
CD
CO
CO
CO
Ol
Q		 CO
CD
CO
CO
CO
Ol
Q		 CO
CD
CO
CO
CO
Ol
Q		 CO
CO
Q
CO
CO		 CD
CO		 LA
C9
CO
Q		 LA
CO
Q		 CO
h
Q
CD
CD
Q
Y)
lO		 lO
CO
Q
CV
mEco
N
CII
Q Q
CO		 lO lA CD
CO		 CO
CO		 lO
CO
CD W
CO
LO		 CO
CO
CV
Q
gO		 CV
fQ0
N0. CII 4I
IQ CL
lJ
4		 N
Q
E
E
I0I0		 CV
Ol
CL
cv		 CLI CO
lO
CO P)
CO
Q		 CB
rt'
CO		 LO
CD
CO
CO		 CO
CDQ
TQ		 QQ
QQ
CII		 CD
LO
CO
CO
CV
rl
lA		 QQ
QQ
OII
CL
0
I		 L=L
CII		 CLI CO
CV
CO
CD		 CD
LO		 LO
CO
LA
CO		 Q
CO
T		 CD CI
LO
CD		 CD
lA
lO
CV
LO		 CI
lA
CD
T
LIII
N
m
Q
CL
Q.		 m
P
c
Q
Q		 co
CII
CII		 44 I I CO CO CO
CD
LO
OII		 CD
LO
CO		 CV
Q
mS
N cD 4I CO
CII
CII
CO
Q '0 NQ
CII
E		 LO
P)
CV		 CD
W
lO		 CD
CB
CO		 CD
LO		 CO
CO
CD
CII		 LO
VII
D2I-20 E
L0I0
0.		 CO
CD		 m
lA		 Al
LA
T		 CV CO CD r CO
T
D
lO
2 OII
cu
LU CO
LU
CI
V
C(
LU
O
U.
V
tO		 M
2&
LI
LU
X
I
0
I-
rn
0
z		 D
IL
0
a
2
IL
c(
LU
&
LU
0
u		 NQ2
V
m
Q
8
m0		 C
Q
E
m
E
0C
m
N
NON0
I
m ~Q
NOO		 Q0C
Q
Q0
Q
C
N
"N
Q
N
N0
N
O
N
Q
0
O
o c
mC
CL
Q
0. 0
N
0L
0 0
Q
Q
m
m
N N		 N
N
C
~~~ c
,N
O 0
NQ +rN
0
C
Q
c( D ti

Support costs
Support Governance 2023Support costs Governance 2022
costs costs costs
f. E F F
Rent 5,787 5,787 5,320 5,320
Insurance 795 795 193 193
Light and Heat 799 799 1,843 1,843
Repairs 836 836 244 244
Postage and stationery 4,908 4,908 9,629 9,629
Telephone
and IT		 6,920 6,920 6,852 6,852
Motor Expenses 23 23 203 203
Travelling
Expenses		 660 660 214 214
Professional
services		 390 390
Sundry expenses 645 645 756 756
Subscriptions
Bank Charges		 611
1,308		 611
1,308		 1,451
1,256		 1,451
1,256
Audit fees 6,600 6,600 5,400 5,400
Legal and professional 1,237 1,237 1,611 1,611
23,292 7,837 31,129 28,351 7,011 35,362
Analysed
between
Charitable
activities		 23,292 7,837 31,129 28,351 7,011 35,362

The average
 monthly
number
ofemployees
during th		 e year was:
2023 2022
Number Number
Administration
Sponsorship
Employment costs 2023 2022
E E
Wages and salaries
Social security costs		 90,463
4,184		 94,356
4,833
Other pension costs 3,589 3,579
98,236 102,768

13 Tangible fixed assets Tangible fixed assets
ComputerFixtures and Total
equipment
fittings
F
Cost
At 1 April 2022 4,549 15,866 20,415
At 31 March 2023 4,549 15,866 20,415
Depreciation and impairment
At 1 April 2022 4,001 13,805 17,806
Depreciation charged in the year 270 308 578
At 31 March 2023 4,271 14,113 18,384
Carrying
amount
At 31 March 2023 278 1,753 2,031
At 31 March 2022 548 2,061 2,609
Fixed asset invest ments
Other
investments
Cost or valuation
At 1 April 2022 8 31 March 2023
Carrying
amount
At 31 March 2023
At 31 March 2022
2023 2022
Other investments comprise: Notes E
investments
in subsidiaries		 19
Cost or valuation
At 1 April 2022 8 31 March 2023
Carrying
amount
At 31 March 2023
At 31 March 2022

15 Debtors
2023 2022
Amounts
falling due		 within one year: f.
Amounts
owed by subsidiary
Other debtors		 undertakings 3,456
20,371		 3,600
43,642
Prepayments
and accrued income		 1,532 947
25,359 48,189
16 Creditors: amounts falling due within one year
2023 2022
E
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred
income		 4,758
10,565
25,620
9,371		 2,219
7,760
20,476
8,848
50,314 39,303

Details of the charity's
sub		 sidiaries
at 31 M		 arch 2023 are as follows:
Name of undertaking Registered Nature ofbusiness Class of % Held
office shares held Direct Indirect
Music
Limited		 for Life Records England Retail ofAfrican Children's
Choir merchandise		 Ordinary 100.00
Name of undertaking Profit/(Loss) Capital and
Reserves
E
Music for Life Records
Limited (946)