**REGISTERED CHARITY NUMBER: 1108919** **ALL FOR MUSIC - LEICESTER** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023** **ALL FOR MUSIC - LEICESTER** |**CONTENTS**|**PAGES**| |---|---| |Legal and Administrative Details|1| |Report of the Trustee's|2 - 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Financial Statements|7 - 9| ## **ALL FOR MUSIC - LEICESTER** ## **REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 AUGUST 2023** The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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**| |**Alison Gibson**|**Trustee**| |**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 2023** The Trustees present their report together with the financial statements of the charity for the period ended 31 August 2023 ## **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 have concentrated on our return to face-to-face lessons and our student numbers have again increased. We have focused on face-to-face lessons and decreased our online provision in response to public demand, whilst maintaining this as an option should students require them. This year we have been able to continue to facilitate lessons for lower income families by subsidising their fees and providing free opportunities for a large number students that would otherwise not be able to access music lessons. For all students we provide free instrumental loans and currently have 40 instruments loaned out for free. This year we have re launched our string, woodwind, orchestra and theory groups. Providing ensemble tuition for many and provided 5 performance opportunities throughout the year. We have a group of more advanced students that mentor the younger players and volunteer their help during concerts and recitals. We continue to develop our adult only daytime orchestra which plays 2 times a year in care homes. This year we have concentrated on our return to face-to-face lessons and our student numbers have again increased. We have focused on face-to-face lessons and decreased our online provision in response to public demand, whilst maintaining this as an option should students require them. This year we have been able to continue to facilitate lessons for lower income families by subsidising their fees and providing free opportunities for a large number students that would otherwise not be able to access music lessons. For all students we provide free instrumental loans and currently have 40 instruments loaned out for free. ## **Future plans** From 2023 we would like to offer an advanced group for players at our centre. This will be for students that have been playing for a number of years and will offer more challenging music. We are planning to develop our provision for lower income families by providing 4 bursaries to students that work hard and achieve well in their music lessons. We would also like to start to provide workshops and 5-week-taster courses in local primary schools. With the aim of engaging more students in music making, they can then choose to continue lessons individually or in small groups. We are also going to develop a website to help with promotion of our music centre, this will be linked to other social media platforms Page 2 ## **ALL FOR MUSIC -** ## **REPORT OF THE TRUSTEES** ## **FOR THE PERIOD ENDED 31 AUGUST 2023** ## **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 3 ## **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 2023, 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 accoun�ng records in accordance with sec�on 130 of the Chari�es Act; - to prepare accounts which accord with the accoun�ng records and comply with the accoun�ng 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: 08/04/2025 **62 Harringworth Road Leicester LE5 6TL** Page 4 ## **ALL FOR MUSIC - LEICESTER** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2023** |Notes
**INCOMING RESOURCES**
**Incoming resources from generating funds**
Activities for generating funds
5
**Total incoming resources**
**RESOURCES EXPENDED**|**Unrestricted**
**Funds**
80,537
**80,537**|**Total**
**Aug-23**
80,537
**80,537**|**Total**
**Aug-22**
56,688
**56,688**| |---|---|---|---| |**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**|60,596
500
**61,096**
19,441
3,850
**23,291**|60,596
500
**61,096**
19,441
3,850
**23,291**|58,916
450
**59,366**
2,678
-
6,527
**3,850**| Page 5 ## **ALL FOR MUSIC - LEICESTER** ## **BALANCE SHEET AT 31 AUGUST 2023** **----- Start of picture text -----**
Notes
Aug-23 Aug-22
£ £
FIXED ASSETS
Tangible assets 8 4,042 5,389
CURRENT ASSETS
Debtors 9 1,325 1,325
Cash at bank and in hand 26,997 6,159
28,322 7,484
CREDITORS
Amounts falling due within one year 10 9,072 9,022
NET CURRENT ASSETS 19,250 - 1,538
TOTAL ASSETS LESS CURRENT LIABILITIES 23,291 3,850
FUNDS
Unrestricted funds 11 23,291 3,850
TOTAL FUNDS 23,291 3,850
Approved by the Trustees and signed on its behalf by:
Date:
**----- End of picture text -----**
Elaine Aspell Page 6 ## **ALL FOR MUSIC - LEICESTER** ## **NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2023** ## **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 7 ## **ALL FOR MUSIC - LEICESTER** ## **NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2023** ## **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-23**
**£**
-
80,537
-
-
-
**80,537**
**Aug-23**
**£**
-
153
1,347
2,471
421|**Aug-22**
**£**
-
55,135
1,553
-
-
**56,688**
**Aug-22**
**£**
-
10
1,347
2,345
622| |---|---|---| |Motor vehicle expenses|-|903| |Musical equipment repairs|25|144| |Postage, printing and stationery|-|100| |Rent, rates and room hire|3,800|3,493| |Telephone|-|371| |Tuitions fees
**7. Governance costs**
Independent Examiners Fees|52,379
**60,596**
**Aug-23**
**£**
500
**500**|49,581
**58,916**
**Aug-22**
**£**
450
**450**| Page 8 ## **ALL FOR MUSIC - LEICESTER** ## **NOTES TO THE FINANCIAL STATEMENTS - 31 AUGUST 2023** ## **8. Tangible Fixed Assets** |**Cost**
At 1 September 2022
Disposal
At 31 August 2023
**Depreciation**
At 1 September 2022
Charge for the year
Disposal
At 31 August 2023
**Net book value**
At 31 August 2023
At 31 August 2022
**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
2,694
1,347
4,041
4,042
5,389
**Aug-23**
**£**
1,325
**1,325**
**Aug-23**
**£**
9,072
**9,072**
**At 1.09.2022**
**£**
3,850
**3,850**|**Motor**
**Vehicles**
**Total**
2,848
10,931
2,848
-
2,848
-
-
8,083
-
2,694
-
1,347
-
4,041
-
4,042
-
5,389
**Aug-22**
**£**
1,325
**1,325**
**Aug-22**
**£**
9,022
**9,022**
**Net**
**movement**
**in funds**
**At 31.08.2023**
**£**
**£**
19,441
23,291
**19,441**
**23,291**| |---|---|---| Page 9