## ## |||||| |---|---|---|---|---| |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
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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)|