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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|
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|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||||||
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|Unrestricted|funds||182,918|
|---|---|---|---|
|Less unrestricted||fixed assets|(182,111)|
|Unrestricted|funds|not committed|807|
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||||||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|
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|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|
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|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)|
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|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|
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|||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|
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|||Unrestricted|Total|Funds|Total|Funds|
|---|---|---|---|---|---|---|
|||Funds||2021||2020|
|||F||E||F|
|Bank|interest|||||48|
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|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|
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||||Unrestricted|Total|Funds|Total|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|Cash|and cash equivalents|and cash equivalents|comprise the following:|||
|---|---|---|---|---|---|
|||||2021|2020|
|Cash|at bank and|in hand||178,488|344|
|Bank|overdrafts||||(3,808)|
|||||178,488|(3,464)|
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|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|
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|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|
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|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|
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|||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|
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|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|
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