OpenCharities

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2021-04-05-accounts

Page
Trustees'
annual
report (incorporating
the
director's report)
Independent
examiner's
report
to the trustees
Statement
offinancial
activities (including income and
expenditure
account)
Statement
offinancial
position
Notes to the financial statements
The following
pages
do not form part ofthe financial statements
Detailed statement
of
financial activities 15
Notes to the detailed statement offinancial activities 16

Registered charity name name Pie Factory Music
Charity registration number 1097561
Company registration number 04602033
Principal office and registered Ramsgate
Youth Centre
office High Street
St Lawrence
Ramsgate
CT11 OQG
Kent
The trustees
Mr M Fagg
Ms S Harris
Mr J Lane
Mr J Barrett
Ms SCant
Ms B Clayton
Mr A ismat (Appointed 7 December 2020)
Ms K Ansell (Appointed 7 December 2020)
Mr EAkinfenwa (Appointed 7 December 2020)
(Resigned 21 June 2021)
Company secretary Mrs C O'Reilly
Independent examiner T Pearcy FCCA
Station Gates
3 Lloyd Road
BROADSTAIRS
Kent
CT10 1HY

Year ended 5April 2 021
2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note E f.
Income and endowments
Donations
and grants
5 267,830 104,616 372,446 276,760
Charitable
activities
6 105
Investment
income
7 25 25 123
Total income 267,855 104,616 372,471 276,988
Expenditure
Expenditure
on charitable
activities 8,9 200,833 38,630 239,463 261,174
Other expenditure 11 641
Total expenditure 200,833 38,630 239,463 261,815
Net income and net movement in funds 67,022 65,986 133,008 15,173
Reconciliation
offunds
Total funds
brought
forward
217,273 424 217,697 202,524
Total funds carried forward 284,295 66,410 350,705 217,697

2021 2020
Note 8
Fixed assets
Tangible
fixed assets
18 2,905 4,127
Current assets
Debtors 17 42,998 24,417
Cash at bank and in hand 309,611 193,784
352,609 218,201
Creditors: amounts falling due within one year 18 4,809 4,631
Net current assets 347,800 213,570
Total assets less current liabilities 350,705 217,697
Funds ofthe charity
Restricted
funds
66,410 424
Unrestricted
funds
284,295 217,273
Total charity funds 19 350,705 217,697

value, over the useful econom ic
life ofthat asset as
follows:
Equipment 25% on cost
Motor vehicles 25% reducing balance
Computer Equipment 25% on cost

5. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2021
E F
Donations
Donations 2,902 7,295 10,197
Grants
Grants receivable 264,928 97,321 362,249
267,830 104,616 372,446
Unrestricted Restricted Total Funds
Funds Funds 2020
E E E
Donations
Donations 14,265 14,265
Grants
Grants receivable 262,495 262,495
14,265 262,495 276,760
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
E F E
Studio Income 105 105
7. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
E E
Bank interest receivable 25 25 123 123
Support Total funds Total fund
costs 2021 2020
E E E
Charitable Purposes 237,427 237,427 258,641
Governance costs 2,036 2,036 2,533
239,463 239,463 261,174

Restr icted
and u
nres tricted
f
unds.
Unrestricted Restricted Total Funds
Funds Funds 2021
6 f
2021 Expenditure on charitable activities 200,833 38,630 239,463
Unrestricted Restricted Total Funds
Funds Funds 2020
f 6
2020 Expenditure on charitable activities 18,390 242,784 261,174

Analysis ofactivity
Analysis
of
support costs
activity Total 2021 Total 2020
6
Staff costs 151,118 151,118 174,139
Premises 8,212 8,212 10,633
General office 5,431 5,431 6,144
Project 70,295 70,295 65,307
Depreciation 2,700 2,700 2,418
237,756 237,756 258,641
11. Other expend iture
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
6 6 6 6
Loss on disposal oftangible fixed
assets held for charity's own use 641 641
12. Net income
Net income is stated after charging/(crediting):
2021 2020
F f
Depreciation oftangible fixed assets 2,700 2,418
Loss on disposal oftangible fixed assets 641
13. Independent examination fees
2021 2020
f
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,860 2,160

Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2021
f
2020
f
Wages and salaries 151,068 174,139
The average
head count of employees
during the year was 16(2020: 16).The average number
of full-time
equivalent
employees during the year is analysed as follows:
2021 2020
No. No.
Number ofstaff 16 16

Tangible fixed assets
Fixtures and
fittings
f
Equipmentf Total
f
Cost
At 6 April 2020 88,352 21,908 110,260
Additions 1,478 1,478
At 5 April 2021 88,352 23,386 111,738
Depreciation
At 6 April 2020 85,665 20,468 106,133
Charge for the year 1,240 1,460 2,700
At 5 April 2021 86,905 21,928 108,833
Carrying amount
At 5 April 2021 1,447 1,458 2,905
At 5 April 2020 2,687 1,440 4,127
Debtors
2021 2020
f f
Trade debtors 40,231 24,417
Prepayments
and accrued income
2,767
42,998 24,417

Credi tors: amounts
falling due within one
year
2021 2020
f
Trade creditors 818 920
Other creditors 3,991 3,711
4,809 4,631

At At
6 April 2020
6
Income
6
Expenditure
f
Transfers
6
5 April 2021
F
General funds 156,590 267,855 (200,833) 223,612
Designated Fund
contingency reserve 60,683 60,683
217,273 267,855 (200,833) 284,295
At At
6 April 2019 Income Expenditure Transfers 5 April 2020
F F 6
General funds 120,958 14,493 (19,031) 40,170 156,590
Designated Fund
contingency reserve 60,767 (84) 60,683
181,725 14,493 (19,031) 40,086 217,273
Restricted funds
At At
6 April 2020
6
Income
f
Expenditure
f
Transfers
6
5 April 2021
6
Restricted Funds 424 104,616 (38,630) 66,410
At At
6 April 2019
F
Income
F
Expenditure
f
Transfers 5 April 2020
Restricted Funds 20,799 262,495 (242,784) (40,086) 424

Analysis of net as sets between
funds
Unrestricted Restricted Total Funds
Funds Funds 2021
6 6 6
Tangible fixed assets 2,905 2,905
Current assets 286,199 66,410 352,609
Creditors less than 1 year (4,809) (4,809)
Net assets 284,295 66,410 350,705
Unrestricted Restricted Total Funds
Funds Funds 2020
F 6
Tangible fixed assets 4,127 4,127
Current assets 217,777 424 218,201
Creditors less than 1 year (4,631) (4,631)
Net assets 217,273 424 217,697

2021 2020f
Income and endowments
Donations
and legacies
Donations 10,197 14,265
Grants receivable 362,249 262,495
372,446 276,760
Charitable
activities
Studio Income 105
Investment
income
Bank interest receivable 25 123
Total income 372,471 276,988
Expenditure
Expenditure
on charitable
activities
Purchases 70,016 65,307
Wages and salaries 151,068 174,139
Rates and water 1,694 1,687
Light and heat 2,735 4,492
Repairs and maintenance 672 577
Insurance 2,783 2,643
Other motor/travel
costs
328 1,234
Legal and professional fees 1,860 2,160
Telephone 1,948 2,010
Other office costs 131
Depreciation 2,700 2,418
Other interest payable and similar charges 176 373
DetailedSOFAExpenditureoncharitableActivitiesType2H 3,483 4,003
239,463 261,174
Other expenditure
Loss on disposal oftangible fixed assets held for charity's own use 641
Total expenditure 239,463 261,815
Net income 133,008 15,173

2021 2020
F
Expenditure
on charitable
activities
Charitable
Purposes
Support charitable activity -project costs 70,016 65,307
Support charitable activity -wageslsalaries 151,068 174,139
Support charitable activity -rates &water 1,694 1,687
Support charitable activity - light &heat 2,735 4,492
Support charitable activity -repairs
& maintenance
672 577
Support charitable activity -insurance 2,783 2,643
Support charitable activity -other motor/travel costs 328 1,234
Support charitable activity -telephone 1,948 2,010
Support charitable activity -postage
8 stationery
131
Support charitable activity -depreciation 2,700 2,418
Support charitable activity - sundry 3,483 4,003
237,427 258,641
Governance costs
Governance
costs
- accountancy
fees
1,860 2,160
Governance
costs
- bank charges 176 373
2,036 2,533
Expenditure
on charitable
activities 239,463 261,174

Page
Trustees'
annual
report (incorporating
the
director's report)
Independent
examiner's
report
to the trustees
Statement
offinancial
activities (including income and
expenditure
account)
Statement
offinancial
position
Notes to the financial statements
The following
pages
do not form part ofthe financial statements
Detailed statement
of
financial activities 15
Notes to the detailed statement offinancial activities 16

Registered charity name name Pie Factory Music
Charity registration number 1097561
Company registration number 04602033
Principal office and registered Ramsgate
Youth Centre
office High Street
St Lawrence
Ramsgate
CT11 OQG
Kent
The trustees
Mr M Fagg
Ms S Harris
Mr J Lane
Mr J Barrett
Ms SCant
Ms B Clayton
Mr A ismat (Appointed 7 December 2020)
Ms K Ansell (Appointed 7 December 2020)
Mr EAkinfenwa (Appointed 7 December 2020)
(Resigned 21 June 2021)
Company secretary Mrs C O'Reilly
Independent examiner T Pearcy FCCA
Station Gates
3 Lloyd Road
BROADSTAIRS
Kent
CT10 1HY

Year ended 5April 2 021
2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note E f.
Income and endowments
Donations
and grants
5 267,830 104,616 372,446 276,760
Charitable
activities
6 105
Investment
income
7 25 25 123
Total income 267,855 104,616 372,471 276,988
Expenditure
Expenditure
on charitable
activities 8,9 200,833 38,630 239,463 261,174
Other expenditure 11 641
Total expenditure 200,833 38,630 239,463 261,815
Net income and net movement in funds 67,022 65,986 133,008 15,173
Reconciliation
offunds
Total funds
brought
forward
217,273 424 217,697 202,524
Total funds carried forward 284,295 66,410 350,705 217,697

2021 2020
Note 8
Fixed assets
Tangible
fixed assets
18 2,905 4,127
Current assets
Debtors 17 42,998 24,417
Cash at bank and in hand 309,611 193,784
352,609 218,201
Creditors: amounts falling due within one year 18 4,809 4,631
Net current assets 347,800 213,570
Total assets less current liabilities 350,705 217,697
Funds ofthe charity
Restricted
funds
66,410 424
Unrestricted
funds
284,295 217,273
Total charity funds 19 350,705 217,697

value, over the useful econom ic
life ofthat asset as
follows:
Equipment 25% on cost
Motor vehicles 25% reducing balance
Computer Equipment 25% on cost

5. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2021
E F
Donations
Donations 2,902 7,295 10,197
Grants
Grants receivable 264,928 97,321 362,249
267,830 104,616 372,446
Unrestricted Restricted Total Funds
Funds Funds 2020
E E E
Donations
Donations 14,265 14,265
Grants
Grants receivable 262,495 262,495
14,265 262,495 276,760
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
E F E
Studio Income 105 105
7. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
E E
Bank interest receivable 25 25 123 123
Support Total funds Total fund
costs 2021 2020
E E E
Charitable Purposes 237,427 237,427 258,641
Governance costs 2,036 2,036 2,533
239,463 239,463 261,174

Restr icted
and u
nres tricted
f
unds.
Unrestricted Restricted Total Funds
Funds Funds 2021
6 f
2021 Expenditure on charitable activities 200,833 38,630 239,463
Unrestricted Restricted Total Funds
Funds Funds 2020
f 6
2020 Expenditure on charitable activities 18,390 242,784 261,174

Analysis ofactivity
Analysis
of
support costs
activity Total 2021 Total 2020
6
Staff costs 151,118 151,118 174,139
Premises 8,212 8,212 10,633
General office 5,431 5,431 6,144
Project 70,295 70,295 65,307
Depreciation 2,700 2,700 2,418
237,756 237,756 258,641
11. Other expend iture
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
6 6 6 6
Loss on disposal oftangible fixed
assets held for charity's own use 641 641
12. Net income
Net income is stated after charging/(crediting):
2021 2020
F f
Depreciation oftangible fixed assets 2,700 2,418
Loss on disposal oftangible fixed assets 641
13. Independent examination fees
2021 2020
f
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,860 2,160

Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2021
f
2020
f
Wages and salaries 151,068 174,139
The average
head count of employees
during the year was 16(2020: 16).The average number
of full-time
equivalent
employees during the year is analysed as follows:
2021 2020
No. No.
Number ofstaff 16 16

Tangible fixed assets
Fixtures and
fittings
f
Equipmentf Total
f
Cost
At 6 April 2020 88,352 21,908 110,260
Additions 1,478 1,478
At 5 April 2021 88,352 23,386 111,738
Depreciation
At 6 April 2020 85,665 20,468 106,133
Charge for the year 1,240 1,460 2,700
At 5 April 2021 86,905 21,928 108,833
Carrying amount
At 5 April 2021 1,447 1,458 2,905
At 5 April 2020 2,687 1,440 4,127
Debtors
2021 2020
f f
Trade debtors 40,231 24,417
Prepayments
and accrued income
2,767
42,998 24,417

Credi tors: amounts
falling due within one
year
2021 2020
f
Trade creditors 818 920
Other creditors 3,991 3,711
4,809 4,631

At At
6 April 2020
6
Income
6
Expenditure
f
Transfers
6
5 April 2021
F
General funds 156,590 267,855 (200,833) 223,612
Designated Fund
contingency reserve 60,683 60,683
217,273 267,855 (200,833) 284,295
At At
6 April 2019 Income Expenditure Transfers 5 April 2020
F F 6
General funds 120,958 14,493 (19,031) 40,170 156,590
Designated Fund
contingency reserve 60,767 (84) 60,683
181,725 14,493 (19,031) 40,086 217,273
Restricted funds
At At
6 April 2020
6
Income
f
Expenditure
f
Transfers
6
5 April 2021
6
Restricted Funds 424 104,616 (38,630) 66,410
At At
6 April 2019
F
Income
F
Expenditure
f
Transfers 5 April 2020
Restricted Funds 20,799 262,495 (242,784) (40,086) 424

Analysis of net as sets between
funds
Unrestricted Restricted Total Funds
Funds Funds 2021
6 6 6
Tangible fixed assets 2,905 2,905
Current assets 286,199 66,410 352,609
Creditors less than 1 year (4,809) (4,809)
Net assets 284,295 66,410 350,705
Unrestricted Restricted Total Funds
Funds Funds 2020
F 6
Tangible fixed assets 4,127 4,127
Current assets 217,777 424 218,201
Creditors less than 1 year (4,631) (4,631)
Net assets 217,273 424 217,697

2021 2020f
Income and endowments
Donations
and legacies
Donations 10,197 14,265
Grants receivable 362,249 262,495
372,446 276,760
Charitable
activities
Studio Income 105
Investment
income
Bank interest receivable 25 123
Total income 372,471 276,988
Expenditure
Expenditure
on charitable
activities
Purchases 70,016 65,307
Wages and salaries 151,068 174,139
Rates and water 1,694 1,687
Light and heat 2,735 4,492
Repairs and maintenance 672 577
Insurance 2,783 2,643
Other motor/travel
costs
328 1,234
Legal and professional fees 1,860 2,160
Telephone 1,948 2,010
Other office costs 131
Depreciation 2,700 2,418
Other interest payable and similar charges 176 373
DetailedSOFAExpenditureoncharitableActivitiesType2H 3,483 4,003
239,463 261,174
Other expenditure
Loss on disposal oftangible fixed assets held for charity's own use 641
Total expenditure 239,463 261,815
Net income 133,008 15,173

2021 2020
F
Expenditure
on charitable
activities
Charitable
Purposes
Support charitable activity -project costs 70,016 65,307
Support charitable activity -wageslsalaries 151,068 174,139
Support charitable activity -rates &water 1,694 1,687
Support charitable activity - light &heat 2,735 4,492
Support charitable activity -repairs
& maintenance
672 577
Support charitable activity -insurance 2,783 2,643
Support charitable activity -other motor/travel costs 328 1,234
Support charitable activity -telephone 1,948 2,010
Support charitable activity -postage
8 stationery
131
Support charitable activity -depreciation 2,700 2,418
Support charitable activity - sundry 3,483 4,003
237,427 258,641
Governance costs
Governance
costs
- accountancy
fees
1,860 2,160
Governance
costs
- bank charges 176 373
2,036 2,533
Expenditure
on charitable
activities 239,463 261,174