**REGISTERED CHARITY NUMBER: 1108919** ## **ALL FOR MUSIC - LEICESTER** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** **ALL FOR MUSIC - LEICESTER** |**CONTENTS**|**PAGES**| |---|---| |Legal and Administrative Details|1| |Report of the Trustee's|2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 - 8| ## **ALL FOR MUSIC - LEICESTER** ## **REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 AUGUST 2022** The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **Reference and Administrative Information** |**Charity Name**|**All for Music - Leicester**|| |---|---|---| |**Charity registered Number**|**1108919**|| |**Registered Office and**||| |**Operational Office**|**305 Station Road**|| ||**Bagworth**|| ||**COALVILLE**|| ||**Leicestershire**|| ||**LE67 1BL**|| |**Trustees**||| |**Elaine Aspell**|**Chair**|Appointed 10 January 2022| |**Alison Gibson**|**Trustee**|Appointed 10 January 2022| |**Mrs E J Dunn**||Resigned September 2022| |**Richard O Dunn**||Resigned September 2022| |**Mrs Angela Hubbard**||| |**Charlotte Johnson**||| |**Oliver Theodore Deidrick-Hunte**|**Trustee**|| |**Sarah Wain**|**Trustee**|| |**Bankers**|**Lloyds TSB**|| ||**The Roundway Leicester**|**Branch**| ||**PO Box 1000**|| ||**BX1 1LT**|| |**Independent Examiners**|**Shabbeer & Co Limited**|| ||**62 Harringworth Road**|| ||**Leicester**|| ||**LE5 6TL**|| |**Solicitors**|**Nelson Solicitors**|| ||**Provincial House**|| ||**37 New Walk**|| ||**Leicester**|| ||**LE1 6TU**|| Page 1 ## **ALL FOR MUSIC - LEICESTER** ## **REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 AUGUST 2022** The Trustees present their report together with the financial statements of the charity for the period ended 31 August 2022 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. On 10th December 2021 a written special resolution was passed to change the name of the charity from Soar Valley Music Centre to All for Music - Leicester ## **Aims and objectives** The objectives of the society are to provide and operate a training centre specialising in music media and performing arts. ## **Major Achievements** This year we were able to return to face-to-face lessons at both our music centre and in the schools we visit. We have seen a gradual increase in the number of students as some return to lessons and some start as new learners. We have been able to offer two concerts in the halls at Scared Heart and exams both face to face and digitally. We have also seen the return of our Sinfonia; our adult only daytime orchestra which has also seen new members. Whilst the beginning of this year we still saw constraints linked to covid restrictions we feel that as the year has progressed, we have continued to move forward with caution whilst following governmental guidelines. We have been able to also help facilitate lessons for lower income families by subsidising their fees and provide free opportunities for a large number of students that would otherwise not be able to access music lessons. For all students we provide free instrumental loans and currently have over 30 instruments loaned out for free. ## **Future plans** From September 2022 we plan to re-launch our ensembles, as playing together has been greatly restricted. Many families did not want their children to play in groups as they felt it was not safe but as we return to the new norm, we will re-introduce a junior Orchestra, junior strings, Wind band and a Junior woodwind group. These ensembles will be for players of a year plus we will encourage more advanced students that have been playing longer to mentor the younger players and look at providing groups that offer more challenging material for them next year. ## **Reserves policy** The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (free reserves) held by the charity should be between 6 and 12 months of the resources expended, which equates to £3,000 to £5,000 in general funds. At this level the Trustees feel that they would be able to continue current activities of the charity in the event of a significant drop in funding. ## **Risk Management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Insurance and health and safety issues are assessed annually. DBS checks are carried out for staff and teaching staff where relevant. A trustee is nominated to act in the event of safeguarding concerns. Approved by order of the board of trustees and signed on its behalf by Trustee:________________________________________________ Date: Elaine Aspell Page 2 ## **ALL FOR MUSIC - LEICESTER** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALL FOR MUSIC - LEICESTER** I report on the accounts for the period ended 31 August 2022, which are set out on pages 4 to 9 ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is required. It is my responsibility to: - . examine the accounts under section 145 of the Charities Act, - . to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5) (b) of the Charities Act), and - . to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair' view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in, any material respect, the requirement: - to keep accounting records in accordance with section 130 of the Charities Act; - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached ## Shabbeer & Co Limited **Shabbeer Ahmed Lorgat AFA MIPA, ACPA, CIMA Dip MA, For and on behalf of Shabbeer & Co Limited** Date: **62 Harringworth Road Leicester LE5 6TL** Page 3 ## **ALL FOR MUSIC - LEICESTER** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2022** |Notes
**INCOMING RESOURCES**
**Incoming resources from generating funds**
Activities for generating funds
5
**Total incoming resources**
**RESOURCES EXPENDED**|**Unrestricted**
**Funds**
56,688
**56,688**|**Total**
**Aug-22**
56,688
**56,688**|**Total**
**Aug-21**
75,706| |---|---|---|---| ||||**75,706**| ||||| |**Charitable activities**|||| |Direct costs of charitable activities
6
Governance costs
7
**Total resources expended**
**Net incoming resources**
Total funds brought forward
Prior year adjustment
**Total funds carried forward**|58,916
450
**59,366**
2,678
-
6,527
**3,850**|58,916
450
**59,366**
2,678
-
6,527
**3,850**|62,699
550| ||||**63,249**| ||||12,457
5,930
-| ||||**6,527**| Page 4 ## **ALL FOR MUSIC - LEICESTER** ## **BALANCE SHEET AT 31 AUGUST 2022** |Notes
**FIXED ASSETS**|**Aug-22**
**£**|**Aug-21**
**£**| |---|---|---| |Tangible assets
8|5,389|7,083| |**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS**
Unrestricted funds
11
**TOTAL FUNDS**|1,325
6,159
7,484
9,022
**1,538**
**-**
**3,850**
3,850
**3,850**|1,325
16,141
17,466
18,022
**556**
**-**
**6,527**
6,527
**6,527**| Approved by the Trustees and signed on its behalf by: Date: Elaine Aspell Page 5 ## **ALL FOR MUSIC - LEICESTER** ## **NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2022** ## **1 . Accounting Policies** The principal accounting policies are summarised below. ## **(a) Basis of accounting** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **(c) Fund accounting** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objective of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the granting body. ## **(d) Incoming resources** All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. ## **(e) Resources expended** All expenditure is recognised on an accrual basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. ## **2. Trustee Remuneration and Related Party Transactions** There were no trustees who received any remuneration during the year. No Trustee or other person related to the Charity had any personal interest in any contract or transaction entered into by charity during the year. ## **3. Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Motor vehicles - 25% on reducing balance Fixtures, fittings and instruments - 6 years ## **4. Taxation** The charity is exempt from tax on its charitable activities. Page 6 ## **ALL FOR MUSIC - LEICESTER** ## **NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2022** ## **5. Activities for generating funds** |HMRC JRS Grant (Furlough)
Lessons and exam fees
Disposal of asset
School Peripatetic Service
Voluntary Action Leicester (VAL)
**6. Charitable activities costs**
Direct costs of charitable activities
Health and safety, PPE and sanitization
Computer, software and consumables
Depreciation
Exam fees
Insurance|**Aug-22**
**£**
-
55,135
1,553
-
-
**56,688**
**Aug-22**
**£**
-
10
1,347
2,345
622|**Aug-21**
**£**
5,396
64,748
-
4,120
1,442
**75,706**
**Aug-21**
**£**
1,192
342
1,347
4,028
388| |---|---|---| |Motor vehicle expenses|903|592| |Musical equipment repairs|144|-| |Postage, printing and stationery|100|100| |Rent, rates and room hire|3,493|304| |Repairs and renewals|-|90| |Staff salaries|-|7,584| |Telephone|371|367| |Tuitions fees
**7. Governance costs**
Independent Examiners Fees|49,581
**58,916**
**Aug-22**
**£**
450
**450**|46,248
**62,583**
**Aug-21**
**£**
550
**550**| Page 7 ## **ALL FOR MUSIC - LEICESTER** ## **NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2022** ## **8. Tangible Fixed Assets** |**Cost**
At 1 September 2021
Disposal
At 31 August 2022
**Depreciation**
At 1 September 2021
Charge for the year
Disposal
At 31 August 2022
**Net book value**
At 31 August 2022
At 31 August 2021
**9. Debtors; Amounts falling due within one year**
Other debtors
**10. Creditors; Amounts falling due within one year**
Other creditors
**11. Movement in funds**
**Unrestricted funds**
General fund
**Total funds**|**Fixtures**
**and fittings**
8,083
8,083
1,347
1,347
2,694
5,389
5,389
**Aug-22**
**£**
1,325
**1,325**
**Aug-22**
**£**
9,022
**9,022**
**At 1.09.2021**
**£**
6,527
**6,527**|**Motor**
**Vehicles**
**Total**
2,848
10,931
2,848
-
2,848
-
-
8,083
2,501
3,848
-
1,347
2,501
-
-
5,195
-
5,389
-
5,389
**Aug-21**
**£**
1,325
**1,325**
**Aug-21**
**£**
18,022
**18,022**
**Net**
**movement**
**in funds**
**At 31.08.2022**
**£**
**£**
2,678
-
3,850
**2,678**
**-**
**3,850**| |---|---|---| Page 8