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||||||Page|
|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||the|director's|report)||
|Independent
examiner's
report to the||trustees|||10|
|Statement offinancial
activities|(including||income and|||
|expenditure
account)||||||
|Statement offinancial
position||||||
|Statement
ofcash flows|||||13|
|Notes to the financial statements|||||14|
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|Registered||charity|name|name|More Music in Morecambe|More Music in Morecambe||||
|---|---|---|---|---|---|---|---|---|---|
|Charity registration|||number||01097929|||||
|Company|registration|||number|04189582|||||
|Principal office and|||registered||13-17Devonshire|Road||||
|office|||||Morecambe|||||
||||||Lancashire|||||
||||||LA3 1QT|||||
|The trustees|||||MrSVarden|||||
||||||Mrs E Neat|||||
||||||Mr S Ud-Din|||||
||||||Ms L Zawadzki|||||
||||||Ms A Quigley|||||
||||||Ms F Levy||(Resigned|7 November|2022)|
||||||Mrs A Stokes|||||
||||||Ms H Prest||(Appointed|6June 2023)||
||||||Mr P Colley||(Appointed|6June 2023)||
||||||Ms G Sommerville||(Appointed|6 June 2023)||
||||||Ms M Barraclough||(Appointed|6June 2023)||
|Company|secretary||||Kathryn
MacDonald|||||
|Independent||examiner|||Phillip Dennison|ACA FCCA||||
||||||20 Mannin
Way|||||
||||||Lancaster Business Park|||||
||||||Caton Road|||||
||||||Lancaster|||||
||||||LA1 3SW|||||
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
||||Note|funds
f|funds|Total funds
E|Total funds|
|Income and endowments||||||||
|Donations
and legacies|||5|7074|1,134|8,209|6,162|
|Charitable
activities|||6|255,304|347,860|603,164|610,040|
|Other trading
activities|||7|35,051||35,051|21,921|
|Investment
income|||8|177||177|25|
|Other income|||9|27,904||27,904|21,140|
|Total income||||325,510|348,994|674,505|659,288|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs of raising donations||and||||||
|legacies|||10|5,400||5,400|8,150|
|Expenditure
on charitable|activities||11|307,725|311,428|619,153|540,096|
|Total expenditure||||313,125|311,428|624,553|548,246|
|Net income and net movement||in|funds|12,385|37,566|49,952|111,042|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||270,326|42,610|312,936|201,895|
|Total funds carried forward||||282,711|80,176|362,887|312,936|
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|31 March|2023||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Note|F||
|Fixed assets|||||||
|Tangible fixed assets||||18|308,994|224,224|
|Current assets|||||||
|Bar stock for|resale|||19|692|721|
|Debtors||||20|40,306|38,390|
|Cash at bank|and in|hand|||245,676|245,994|
||||||286,674|285,105|
|Creditors: amounts||falling|due within one year|21|210,885|171,508|
|Net current|assets||||75,789|113,597|
|Total assets|less current||liabilities||384,783|337,821|
|Creditors: amounts||falling|due after more than one year|22|21,896|24,885|
|Net assets|||||362,887|312,936|
|Funds ofthe charity|||||||
|Restricted funds|||||80,176|42,610|
|Unrestricted|funds||||282,711|270,326|
|Total charity|funds|||26|362,887|312,936|
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|Year ended 31 March|2023||||
|---|---|---|---|---|
||||2023
f|2022|
|Cash flows from operating|activities||||
|Net income|||49,952|111,042|
|Adjustments
for:|||||
|Depreciation
oftangible
fixed assets|||13,576|12,980|
|Other interest receivable
and similar income|||(177)|(25)|
|Interest payable
and similar|charges||2,219|1,413|
|Accrued expenses|||10,042|13|
|Changesin:|||||
|Bar stock for resale|||29|(721)|
|Trade and other debtors|||(1,807)|(18,630)|
|Trade and other creditors|||36,193|17,184|
|Cash generated
from operations|||110,027|123,256|
|Interest paid|||(2,219)|(1,413)|
|Interest received|||177|25|
|Net cash from operating
activities|||107,985|121,868|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(98,347)|(39,115)|
|Net cash used
in investing
activities|||(98,347)|(39,115)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||(9,956)|(15,247)|
|Net cash used
in financing
activities|||(9,956)|(15,247)|
|Net (decrease)/increase
in|cash and cash|equivalents|(317)|67,506|
|Cash and cash equivalents|at beginning|ofyear|245,994|178,488|
|Cash and cash equivalents|at end ofyear||245,676|245,994|
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|value, over the useful econo|mic
life ofthat asset|as fo|
|---|---|---|
|Freehold
property|2% straight|line|
|Plant and machinery|20%straight|line|
|Fixtures and fittings|20%straight|line|
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|5.|Donations|and legac|ies||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
F|Funds
F|2023
f|
||Donations||||||
||Donations|||7,074|1,134|8,209|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
f|Funds
f|2022
f|
||Donations||||||
||Donations|||6,162||6,162|
|6.|Charitable|activities|||||
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds
f|2023
f|
||Grants and|contracts||117,529|347,860|465,389|
||Fees for workshops,||classes and performances|65,134||65,134|
||Partnership|income||72,641||72,641|
|||||255,304|347,860|603,164|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2022|
||Grants and|contracts||237,173|267,284|504,457|
||Fees for workshops,||classes and performances|46,111||46,111|
||Partnership|income||59,472||59,472|
|||||342,756|267,284|610,040|
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||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds
f|2023
f|Funds
f|2022
F|
|Ticket sales|||12,036|12,036|9,586|9,586|
|Bar takings|and merchandise||6,894|6,894|3,971|3,971|
|Venue and|equipment|hire|16,121|16,121|8,364|8,364|
||||35,051|35,051|21,921|21,921|
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|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2023
f|Funds
E|2022
F|
||Bank interest|||177|177||25|
|9.|Other|income||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
|||||E||F|E|
||Management,||service and technical|||||
||fees|||21,547|21,547|17,425|17,425|
||Sundry|income||6,357|6,357|3,715|3,715|
|||||27,904|27,904|21,140|21,140|
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||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|
||||Funds||2023|Funds||2022|
|Other|fundraising|costs|5,400||5,400|8,150||8,150|
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|11.|Expenditure|on c|haritab|le|a|ctivities
by fund ty|pe|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||I||
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2023|
||||||||E||E|
||Freelance project||workers||||94,804|55,110|149,914|
||Staff costs||||||38,866|91,927|130,793|
||Hospitality
costs||||||10,109|8,273|18,382|
||Travel costs||||||11,584|7,616|19,200|
||Technical and production||||costs||7,736|1,235|8,971|
||Other direct|costs|||||343|4,707|5,050|
||Support costs||||||144,283|142,560|286,843|
||||||||307,725|311,428|619,153|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2022|
||Freelance project||workers||||92,450|22,457|114,907|
||Staff costs||||||44,847|91,855|136,702|
||Hospitality
costs||||||5,634|1,950|7,584|
||Travel costs||||||7,346|2,771|10,117|
||Technical and production||||costs|||8,958|8,958|
||Other direct|costs|||||94|3,335|3,429|
||Support costs||||||146,075|112,325|258,399|
||||||||296,446|243,651|540,096|
|12.|Analysis of|support costs||||||||
|||||||||Total 2023|Total 2022|
||Staff costs|||||||161,127|150,460|
||Premises|||||||47,945|31,527|
||Communications||and IT|||||6,481|9,213|
||General office|||||||6,265|3,563|
||Governance|costs||||||24,463|22,570|
||Publicity
and|website costs||||||11,382|9,121|
||Depreciation|||||||13,576|12,979|
||Consultancy|and|professional|||fees||9,288|13,840|
||Other costs|||||||6,316|5,126|
|||||||||286,843|258,399|
|13.|Net income|||||||||
||Net income|is stated after|||charging/(crediting):|||||
|||||||||2023|2022|
|||||||||F||
||Depreciation|oftangible||fixed||assets||13,576|12,980|
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|Independent|examinatio|n
fees||||
|---|---|---|---|---|---|
|||||2023|2022|
|Fees payable|to the independent||examiner for:|||
|Independent|examination|ofthe|financial statements|1,100|1,248|
|Other financial services||||1,294|2,444|
|||||2,394|3,692|
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|Staff costs||||||
|---|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period|are analysed as|follows:|
|||||2023
f|2022
F|
|Wages and salaries||||285,233|280,567|
|Social security costs||||16,892|15,917|
|Employer contributions|to pension|plans||8,563|8,142|
|||||310,688|304,626|
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|Tangible fixed assets|||||
|---|---|---|---|---|
|||Musical|Fixtures,||
|||instruments|fittings and||
||Freehold|and|office||
||property|equipment|equipment|Total|
||E||F||
|Cost|||||
|At 1 April 2022|646,159|107,736|125,037|878,932|
|Additions|98,095|251||98,346|
|At 31 March 2023|744,254|107,987|125,037|977,278|
|Depreciation|||||
|At 1 April 2022|466,159|80,858|107,691|654,708|
|Charge for the year|4,000|5,929|3,647|13,576|
|At 31 March 2023|470,159|86,787|111,338|668,284|
|Carrying
amount|||||
|At 31 March 2023|274,095|21,200|13,699|308,994|
|At 31 March 2022|180,000|26,878|17,346|224,224|
##
|19.|31st March 2
Stocks|017and the Trustees were ofthe opinion t|hat the 6200,000was reasonab|le.|
|---|---|---|---|---|
||||2023|2022|
||||E||
||Finished goods and goods for resale||692|721|
|20.|Debtors||||
||||2023|2022|
||||E||
||Trade debtors||21,059|19,002|
||Prepayments|and accrued income|19,247|19,388|
||||40,306|38,390|
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|Creditors: amounts
f|alling due within one year|||
|---|---|---|---|
|||2023|2022|
|Bank loans and overdrafts||3,670|10,637|
|Trade creditors||50,181|22,165|
|Accruals and deferred|income|150,688|132,736|
|Social security and other taxes||5,556|5,370|
|Other creditors||790|600|
|||210,885|171,508|
|2023|2022|
|---|---|
|f||
|21,896|24,885|
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||||2023|2022|
|---|---|---|---|---|
||||f|E|
|At 1 April 2022|||115,468|117,807|
|Amount|released|to income|(115,468)|(117,807)|
|Amount|deferred|in year|123,269|115,468|
|At 31 March 2023|||123,269|115,468|
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|Unrestricted|funds|||||
|---|---|---|---|---|---|
|||At|||At|
|||1 April 2022|Income Expenditure||31 March 2023|
|||E||E|F|
|Lancaster
City Council —SLA|||12,500|(12,500)||
|Arts Council England —NPO|||107,552|(107,552)||
|Garfield Weston|||15,000|(15,000)||
|Fixed assets||193,940|41,092|(5,214)|229,818|
|Other general|funds|76,386|149,366|(172,859)|52,893|
|||270,326|325,510|(313,125)|282,711|
||||At|||At|
|---|---|---|---|---|---|---|
||||1 April 2021|Income|Expenditure|31 March 2022|
||||||F|E|
|Lancaster
City Council —SLA||||12,100|(12,100)||
|Arts Council England —NPO||||107,552|(107,552)||
|HMRC|CJRS|||7,071|(7,071)||
|Cultural|Recovery|Fund||95,450|(95,450)||
|Garfield|Weston|||15,000|(15,000)||
|Fixed assets|||182,111|19,958|(8,129)|193,940|
|Other general funds|||807|134,873|(59,294)|76,386|
||||182,918|392,004|(304,596)|270,326|
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|Restricted funds||||||||
|---|---|---|---|---|---|---|---|
||||At||||At|
||||1 April 2022|Income Expenditure||31|March 2023|
||||F||E|||
|Donations|||2,783|1,134|(1,200)||2,717|
|Revenue grants
Youth Music —Fund 'C'||||149,966|(149,966)|||
|Lancaster
City Council||||41,881|(41,881)|||
|Spirit 2012|||6,498|36,197|(42,965)|||
|FC Scott|||3,828|8,750|(12,578)|||
|DWP —Kickstarter||||2,170|(2,170)|||
|Bay Medical Group||||30,849|(30,849)|||
|Morecambe
Town Council||—CTW||2,000|(2,000)|||
|Morecambe
BID —CTW||||1,000|(1,000)|||
|Morecambe
Population|Health|||18,927|(18,927)|||
|Capital grants||||||||
|Arts Council England|||5,516||(2,757)||2,759|
|Youth Music|||3,713||(949)||2,764|
|VO Skelton|||498||(310)||188|
|West End Millom|||152||(115)||37|
|Spirit of2012|||784||(200)||584|
|Children
in Need|||18,838||(3,831)||15,007|
|Lancashire
Environmental||Fund||30,000|||30,000|
|Walney Trust||||24,120|||24,120|
|Bruce Wake||||2,000|||2,000|
||||42,610|348,994|(311,428)||80,176|
||||At||||At|
||||1 April 2021|Income|Expenditure|31|March 2022|
||||||F|||
|Donations|||3,983||(1,200)||2,783|
|Revenue grants
Youth Music —Fund 'C'||||164,956|(164,956)|||
|Lancaster City Council||||5,000|(5,000)|||
|Spirit of2012||||56,436|(49,938)||6,498|
|FC Scott||||14,192|(10,364)||3,828|
|DWP —Kickstarter||||5,543|(5,543)|||
|CVS||||2,000|(2,000)|||
|Capital grants||||||||
|Arts Council England|||8,273||(2,757)||5,516|
|Youth Music|||4,662||(949)||3,713|
|VO Skelton|||808||(310)||498|
|West End Millom|||267||(115)||152|
|Spirit of2012|||984||(200)||784|
|Children
in Need||||19,157|(319)||18,838|
||||18,977|267,284|(243,651)||42,610|
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|toilet developm|ent.|||||||||
|---|---|---|---|---|---|---|---|---|---|
|The remaining|fixed|asset funds carried forward||represent||the cost of|equipment|purchased
with||
|the respective|revenue||grants, less the depreciation||charge|in relation|to these assets.|||
|Analysis of net assets between funds||||||||||
||||||Unrestricted||Restricted||Total Funds|
|||||||Funds|Funds||2023|
|||||||F||||
|Tangible fixed|assets|||||229,818|79,176||308,994|
|Current assets||||||162,405|124,269||286,674|
|Creditors less|than|1 year||||(87,616)|(123,269)||(210,885)|
|Creditors greater than|||1 year|||(21,896)|||(21,896)|
|Net assets||||||282,711|80,176||362,887|
||||||Unrestricted||Restricted||Total Funds|
|||||||Funds|Funds||2022|
|||||||E||||
|Tangible fixed|assets|||||193,940|30,284||224,224|
|Current assets||||||165,202|119,903||285,105|
|Creditors less|than|1 year||||(63,389)|(108,118)||(171,507)|
|Creditors greater than|||1 year|||(24,885)|||(24,885)|
|Net assets||||||270,868|42,069||312,936|
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|Analy|sis ofchang|es
in net debt||||
|---|---|---|---|---|---|
||||||At|
||||At 1 Apr 2022|Cash flows|31 Mar 2023|
|||||F|F|
|Cash|at bank and|in hand|245,994|(318)|245,676|
|Debt|due within one year||(10,637)|6,967|(3,670)|
|Debt|due after one|year|(24,885)|2,989|(21,896)|
||||210,472|9,638|220,110|
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