2021-03-31-accounts - More Music In Morecambe

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							Page
Trustees'	annual report (incorporating			the	director's	report)
Trustees'	responsibilities statement
Independent auditor's		report to	the members				12
Statement	offinancial	activities	(including		income and expenditure
account)							17
Statement	offinancial	position					18
Statement	ofcash flows						19
Notes to the financial		statements					20

Reference	and admi	nistrative d	nistrative d	etails	etails	etails
Registered	charity	name		More Music in Morecambe
Charity registration		number		01097929
Company	registration		number	04189582
Principal office and		registered		13-17Devonshire	Road
office				Morecambe
				LA3 1QT
The Trustees				Mr SVarden
				Mrs E Neat
				MrS Ud-Din
				Mr A Strafford			(Resigned	15September	2020)
				Mrs L Zawadzki
				Mrs A Quigley
				Miss F Harris
				MrJ Haslam
				MrJ Riglar
				Mrs A Stokes			(Appointed	3 November	2020)
Company	secretary			Kathryn MacDonald
Auditor				CWR
				Chartered accountants		8 statutory	auditor
				20 Mannin Way
				Lancaster Business Park
				Caton Road
				Lancaster
				LA1 3SW

Unrestricted	funds		182,918
Less unrestricted		fixed assets	(182,111)
Unrestricted	funds	not committed	807

					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies				7,319		7,319	12,830
Charitable activities				302,059	197,582	499,641	515,482
Other trading activities				4,147		4,147	31,656
Investment income							48
Other income				3,697		3,697	17,123
Total income				317,222	197,582	514,804	577,139
Expenditure
Expenditure on raising funds			10	6,084		6,084	15,351
Expenditure on charitable		activities	11	244,308	201,235	445,543	589,082
Total expenditure				250,392	201,235	451,627	604,433
Net income/(expenditure)		and net
movement in funds				66,830	(3,653)	63,177	(27,294)
Reconciliation offunds
Total funds brought	forward			116,088	22,630	138,718	166,012
Total funds carried	forward			182,918	18,977	201,895	138,718

31 March 2021
					2021	2020
				Note
Fixed assets
Tangible fixed assets				18	198,088	207,250
Current assets
Stocks				19		703
Debtors				20	18,756	25,780
Cash at bank and	in	hand			178,488	344
					197,244	26,827
Creditors: amounts		falling	due within one year	22	158,424	75,045
Net current assets					38,820	(48,218)
Total assets less	current		liabilities		236,908	159,032
Creditors: amounts		falling	due after more than one year	23	35,013	20,314
Net assets					201,895	138,718
Funds ofthe charity
Restricted funds					18,977	22,630
Unrestricted funds					182,918	116,088
Total charity funds				26	201,895	138,718

Year ended 31 March	2021
				2021	2020
			Note		F
Cash flows from operating	activities
Net income/(expenditure)				63,177	(27,294)
Adjustments for:
Depreciation oftangible fixed assets				14,510	14,109
Other interest receivable and similar income					(48)
Interest payable and similar	charges			666	1,517
Changesin:
Barstock for resale				703	332
Trade and other debtors				6,465	2,545
Trade and other creditors				86,202	(3,245)
Cash generated from operations				171,723	(12,084)
Interest paid				(666)	(1,517)
Interest received					48
Net cash from/(used in) operating activities				171,057	(13,553)
Cash flows from investing	activities
Purchase oftangible assets				(5,348)	(4,130)
Net cash used in investing activities				(5,348)	(4,130)
Cash flows from financing	activities
Repayment of borrowings				(13,757)	(13,263)
Proceeds from borrowings				30,000
Net cash from/(used in) financing activities				16,243	(13,263)
Net increase/(decrease) in	cash and cash	equivalents		181,952	(30,946)
Cash and cash equivalents	at beginning	ofyear		(3,464)	27,482
Cash and cash equivalents	at end ofyear		21	178,488	(3,464)

Oonations and legacies
	Unrestricted	Total	Funds	Total	Funds
	Funds f		2021		2020
Donations	7,319		7,319		12,830
	7,319		7,319		12,830

Charitable activities
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2021	2020
Grants and contracts		231,196	197,582	428,778	357,963
Fees for workshops,	classes and
performances		11,878		11,878	86,751
Partnership income		58,985		58,985	70,768
		302,059	197,582	499,641	515,482
Grants and contracts	analysis	Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2021	2020
		F		E	F
Lancaster City Council - SLA		12,100		12,100	11,900
Lancaster City Council —Covid
Business Support		10,000		10,000
Arts Council England	—NPO	107,552		107,552	105,609
Arts Council England	- Catalyst				38,080
Arts Council England	—Covid
Emergency		11,273		11,273
HMRC Coronavirus	Job Retention
Scheme		64,521		64,521
Garfield Weston Foundation Youth Music Fund 'O' Projects		25,000	140,318	25,000 140,318	159,750
Spirit of2012			38,056	38,056	18,801
FCScott Charitable	Trust		5,808	5,808	10,000
Other grants and contracts		750	13,400	14,150	13,823
		231,196	197,582	428,778	357,963

		Unrestricted	Total Funds	Total Funds
		Funds	2021	2020
		F		F
Ticket sales		993	993	13,796
Bartakings and merchandise				4,238
Venue and equipment	hire	3,154	3,154	13,622
		4,147	4,147	31,656

		Unrestricted	Funds	Funds
		Funds	2021	2020
		F	E	F
Bank	interest			48

Other income
		Unrestricted	Total Funds	Total Funds
		Funds	2021	2020
				F
Management,	service and technical
fees		2,275	2,275	4,210
Sponsorship				4,980
Sundry income		1,422	1,422	7,933
		3,697	3,697	17,123

			Unrestricted	Funds	Funds
			Funds	2021	2020
					E
Staff	costs		32	32	14,702
Other	fundraising	costs	6,052	6,052	649
			6,084	6,084	15,351

Expenditure on charitable	activitie	s by fund type
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2021	2020
		F
Freelance project workers		29,332	14,051	43,383	91,564
Staff costs		31,621	124,501	156,122	170,500
Hospitality costs		864	256	1,120	9,027
Travel costs		455	172	627	13,972
Technical and production	costs	2,314	6,340	8,654	20,133
Other direct costs		2,387	694	3,081	5,659
Support costs		177,335	55,221	232,556	278,227
		244,308	201,235	445,543	589,082

Analysis of	supp	ort costs
				Total 2021	Total 2020
Staff costs				133,294	164,852
Premises costs				31,811	22,962
Communication,		IT and equipment		9,526	11,651
General office costs				3,123	4,245
Governance	costs			27,829	31,650
Publicity and	website costs			5,651	14,481
Depreciation				14,510	14,109
Consultancy	and	professional	fees	3,571	7,362
Other support	costs			3,241	6,915
				232,556	278,227

13.	Net income/(exp	Net income/(exp	enditure)
	Net expenditure		is stated	after charging:
						2021	2020
						f.	F
	Depreciation	of	tangible	fixed	assets	14,510	14,109
14.	Auditors' remuneration
						2021	2020
	Fees payable	for the audit of			the financial statements	4,500	4,500
	Fees payable	to	the charity's		auditor and its associates for other services:
	Other non-audit		services			636	1,106

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2021	2020
Wages and salaries				285,244	337,200
Social security costs				16,757	24,339
Employer	contributions	to pension	plans	8,279	9,946
				310,280	371,485

During the year the	During the year the	charity made seve	charity made seve	rance payments off1,614(202	0:fnil).
The average head		count ofemployees		during the year was 14(2020:	16).The average	number	of
full-time	equivalent	employees	during	the year is analysed as follows:
					2021	2020
					No.	No.
Direct staff					6		6
Admin	and support	staff			4		5
					10		11

funds of E1,839 were held in a Bank. Tangible fixed assets	separate Community	Direct Plus Acc	ount with the C	o-operative
		Musical	Fixtures,
		instruments	fittings and
	Freehold	and	office
	property	equipment	equipment	Total
		F		E
Cost
At 1 April 2020	646,159	80,235	108,074	834,468
Additions		2,150	3,198	5,348
At 31 March 2021	646,159	82,385	111,272	839,816
Depreciation
At 1 April 2020	458,159	78,174	90,885	627,218
Charge for the year	4,000	949	9,561	14,510
At 31 March 2021	462,159	79,123	100,446	641,728
Carrying amount
At 31 March 2021	184,000	3,262	10,826	198,088
At 31 March 2020	188,000	2,061	17,189	207,250

19.	2017and the Stocks	Trustees were ofthe opinion that the f200	,000was reasonable.
			2021	2020
			E	F
	Finished goods and goods for resale			703
20.	Debtors
			2021	2020
			E	F
	Trade debtors		840	6,348
	Prepayments	and accrued income	17,916	19,432
			18,756	25,780

Cash	and cash equivalents	and cash equivalents
			2021	2020
Cash	at bank and	in hand	178,488	344
Bank	overdrafts			(3,808)
			178,488	(3,464)

Creditors: amounts	falling due within one year
		2021	2020
Bank loans and overdrafts		15,756	18,020
Trade creditors		3,204	11,473
Accruals and deferred	income	134,057	22,248
Social security and other taxes		4,817	11,614
Other creditors		590	11,690
		158,424	75,045
Creditors: amounts	faIling due after more than one year
		2021	2020
			F
Bank loans and overdrafts		35,013	20,314

Deferred income
		2021	2020
At 1 April 2020		5,439	15,000
Amount released	to income	(5,439)	(15,000)
Amount deferred	in year	117,807	5,439
At 31 Ilarch 2021		117,807	5,439

Unrestricted funds
		At				At
		1 April 2020	Income	Expenditure	Transfers	31 March 2021
		F			P
Lancaster City Council-
SLA			12,100	(12,100)
Arts Council England-
NPO			107,552	(107,552)
Arts Council England-
Covid Emergency			11,273	(11,273)
Lancaster City Council-
Covid Business Support			10,000	(10,000)
HMRC Coronavirus	Job
Retention Scheme			64,521	(64,521)
Garfield Weston
Foundation			25,000	(25,000)
Fixed assets		191,231		(9,120)		182,111
Other general funds		(75,143)	86,776	(10,826)		807
		116,088	317,222	(250,392)		182,918
		At				At
		1 April 2019	income	Expenditure	Transfers	31 March 2020
Lancaster City Council-
SLA			11,900	(11,900)
Arts Council England-
NPO			105,609	(105,609)
Arts Council England-
Catalyst			38,080	(38,080)
Fixed assets		199,468		(8,237)		191,231
Other general funds		(79,127)	213,176	(209,192)		(75,143)
		120,341	368,765	(373,018)		116,088

		At				At
		1 April 2020	Income	Expenditure	Transfers	31 March 2021
		F	F			F
Donations		5,000		(1,017)		3,983
Revenue grants Youth Music - Fund 'C'		1,611	140,318	(138,977)	(2,952)
Lancaster City Council			2,000	(2,000)
Spirit of2012			38,056	(37,072)	(984)
FCScott			5,808	(5,808)
Bay Medical	Group		2,000	(2,000)
CVS			5,000	(5,000)
Duchy ofLancaster			2,000	(2,000)
Banks Lyon			2,400	(2,400)
Capital grants
Arts Council	England	12,408		(4,135)		8,273
Youth Music		2,236		(526)	2,952	4,662
VO Skelton		1,008		(200)		808
West End Millom		367		(100)		267
Spirit of2012					984	984
		22,630	197,582	(201,235)		18,977
		At				At
		1 April 2019	Income	Expenditure	Transfers	31 March 2020
		F	F		F
Donations		500	6,000	(1,500)		5,000
Revenue grants Youth Music - Fund 'C'			159,750	(155,903)	(2,236)	1,611
Arts Council	England-
Catalyst		5,352		(5,352)
Morecambe	Town
Council		500	6,500	(7,000)
Lancaster City Council		411	2,000	(2,411)
Spirit of2012		21,148	18,801	(39,949)
FCScott			10,000	(10,000)
Bay Medical	Group		2,000	(2,000)
VO Skelton Charity			1,100	(92)	(1,008)
Other small	grants		2,223	(1,856)	(367)
Capital grants
Arts Council	England	17,760		(5,352)		12,408
Youth Music					2,236	2,236
VO Skelton					1,008	1,008
West End Millom					367	367
		45,671	208,374	(231,415)		22,630

Analysis of net asse	ts between funds
		Unrestricted	Restricted	TotalFunds
		Funds	Funds		2021
			F
Tangible fixed assets		182,111	15,977		198,088
Current assets		92,892	104,352		197,244
Creditors less than 1	year	(57,072)	(101,352)		(158,424)
Creditors greater than	1 year	(35,013)			(35,013)
Net assets		182,918	18,977		201,895
		Unrestricted	Restricted	Total Funds
		Funds	Funds		2020
					P
Tangible fixed assets		191,231	16,019		207,250
Current assets		20,216	6,611		26,827
Creditors less than 1	year	(75,045)			(75,045)
Creditors greater than	1 year	(20,314)			(20,314)
Net assets		116,088	22,630		138,718
Analysis ofchanges	in net debt
					At
		At 1 Apr 2020	Cash flows	31	Ilar 2021
					E
Cash at bank and in hand		344	178,144		178,488
Bank overdrafts		(3,808)	3,808
Debt due within one year		(14,212)	(1,544)		(15,756)
Debt due after one year		(20,314)	(14,699)		(35,013)
		(37,990)	165,709		127,719