2021-07-31-accounts - Midlands Academy Of Dance And Drama Limited

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					Page
Trustees' annual report (incorporating		the	directors	report)
independent examiner's report	to the trustees
Statement offinancial activities	(including		income and
expenditure account)
Statement offinancial position
Statement ofcash flows
Notes to the financial statements
The following pages do not form part ofthe financial statements
Detailed statement offinancial	activities
Notes to the detailed statement	offinancial		activities		20

				2021		2020
				Unrestricted
			Note	funds Total funds f		Total funds
Income and endowments
Donations and legacies Charitable activities Investment income				54,127 355,012 6,037	54,127 355,012 6,037	25,000 379,618 9,209
Total income				415,176	415,176	413,827
Expenditure
Expenditure on charitable	activities		8,9	379,729	379,729	344,226
Total expenditure				379,729	379,729	344,226
Net income and net movement		in funds		35,447	35,447	69,801
Reconciliation offunds
Total funds brought forward				(12,39B)	(12,396)	(81,997)
Total funds carried forward				23,051	23,051	(12,396)

	Company	Limited by Guarantee	Limited by Guarantee	Limited by Guarantee
	Statement		ofCash Flows
	Year	ended 31July 2021
					2021	2020
Cash flows from operating activities				Mote
h!et income					35,447	69,601
Adjustments for:
Depreciation oftangible fixed assets Government grant income Other interest receivable and similar income Interest payable and similar charges Accrued income					576 (48,083) (6,037) 918 (3,840)	279 (25,000) (9,209) 2,675 (46,414)
Changesin. .
Trade and other debtors Trade and other creditors					11,753 (6,415)	(996) (3,697)
Cash generated from operations					(15,661)	(12,961)
Interest paid Interest received					(918) 6,037	(2,675) 9,209
Net cash used in operating	activities				(10,562)	(6,427)
Cash flows from investing	activities
Purchase oftangible assets					(1,299)
Net cash used in investing activities					(1,299)
Cash flows from financing	activities
Government grant income					48,083	25,000
h!et cash from financing activities					48,083	25,000
Net Increase in cash and cash equivalents Cash and cash equivalents at beginning			ofyear		36,222 (12,107)	18,573 (30,660)
Cash and cash equivalents	at end of	year		ts	24,115	(12,107)

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Donations				8		6
Donations			6,044	6,044
Grants
Government	grant	income	48,083	48,083	25,000	25,000
			54,127	54,127	25,000	25,000

Charitable activities
	Unrestricted		Total	Funds	Unrestricted	Total Funds
Sale of services as part of	direct	Funds f		2021 8	Funds	2020 r
charitable activities		355,012	355,012		379,618	379,618
Investment income
	Unrestricted		Total	Funds	Unrestricted	Total Funds
		Funds		2021	Funds	2020
Bank interest receivable Rents received		8 6,037		6,037	1 9,208	8 1 9,208
		6,037		6,037	9,209	9,209
Expenditure on charitable	activities	by fund type
	Unrestricted		Total	Funds	Unrestricted	Total Funds
		Funds		2021	Funds	2020
				5	5
Coaching fees Running expenses Supporl costs		257,425 115,816 6,488	257,425 115,816 6,488		232,505 98,566 13,155	232,505 98,566 13,155
		379,729	379,729		344,226	344,226

					Activities
					undertaken	Support	Total funds	Total fund
					directly	costs	2021	2020
	Coaching fees Running expenses Governance costs				E' 257,425 115,816	E 6,488	E 257,425 115,816 6,488	E 232,505 98,566 13,155
					373,241	6,488	379,729	344,226
10,	Net income
	Net income is stated after			charging/(crediting):
							2021	2020
	Depreciation	oftangible	fixed assets				E 578	E 279
11.	Independent	examination		fees
							2021	2020
	Fees payable	to the independent			examiner for:		E	E
	Independent examination Other financial services			ofthe	financial slatements			2,500 1,013
								3,513

The total staff cos follows:	ts and e	mploy	ee be	nefits f	or the reporting period are	analysed as
					2021	2020
Wages and salaries Social security costs Employer contributions to pension			plans		E 62,608 986	E 46,092 1,147 781
					53,594	48,020
Average number of	staff was
The average head number offull-time follows:	count of equivalent	employees employees		during during	the year was 3 (2020:4). the year is analysed as 2021	The average 2020
Number ofstaff					No. 3	No.

14.	Tangible fixed assets
		Land and	Fixtures and
		buildings	fittings	Total
	Cost		8
	At 1 August 2020 Additions	53,151	11,783 1,299	64,934 1,299
	At 31July 2021	53,151	13,082	86,233
	Depreciation
	At 1 August 2020 Charge for the year	53,150	9,271 576	62,421 576
	At 31July 2021	53,150	9,847	62,997
	Carrying amount
	At 31July 2021	1	3,235	3,238
	At 31 July 2020	1	2,512	2,513
15.	Debtors
			2021	2020
	Trade debtors Prepayments and accrued income Other debtors		7,521 2,537	18,036 322 3,453
			10,058	21,811

	Cash and cash equivalents	Cash and cash equivalents	comprise the following:
				2021	2020
	Cash at bank and in Bank overdraffs	hand		6 24,115
					(12,107)
				24,115	(12,107)
17.	Creditors: amounts	falgng	due within one year
				2021	2020
	Bank loans and overdrafts Accruals and deferred income Social security and other taxes Other creditors			6 '(2,806 1,173 278	12,107 16,746 823 7,044
				14,358	36,720

follows:		saemens or	government gran	ts are a
			2021	2020
Recognised Government	in income from donations grants income	and legacies:	48,083	25,000

				At				At
	General funds			1 August 2020 ('I2,396)	income f 415,176	Expenditure (379,729)		31July 2021 5 23,061
				At				At
	General funds			I August 2019 (81,997)	Income 8 413,827	Expenditure 31 July 2020 5 (344,226) (12,396)
21.	Analysis ofnet assets between			funds
					Unrestricted		Total Funds
						Funds		2021
	Tangible fixed assets Current assets Creditors less than 1		year			3,236 34,173 (14,358)		f 3,236 34,173 (14,358)
	Net assets					23,051		23,051
					Unrestricted			Total Funds
						Funds		2020
						9
	Tangible fixed assets Current assets Creditors less than 1		year			2,513 21,811 (36,720)		2,513 21,811 (36,720)
	Net assets					(12,396)		(12,396)
22.	Analysis ofchanges		in net debt
					At			At
				1	Aug 2020	Cash flows		31Jul 2021
	Cash at bank arid in Bank overdrafis	hand			(12,107)	24,115 12,107		24,115
					(12,107)	36,222		24,115

Company Limited by Guarantee	Company Limited by Guarantee	Company Limited by Guarantee
Detailed Statement ofFinancial Activities
	Year ended 31July 2021
			2021	2020
Income and endowments			8
Donations and legacies
Donations Government grant income			6,044 48,083	25,000
			54,127	25,000
Charitable activities
Sale of services as pari ofdirect charitable		activities	355,012	379,618
Investment income
Bank interest receivable Rents received			6,037	1 9,208
			6,037	9,209
Total income			415,178	413,827
Expenditure
Expenditure on charitable	activities
Purchases Wages and salaries Employer's hllC Pension costs Rent Light and heat Repairs and maintenance Insurance Other motor/travel costs Legal and professional fees Telephone Other oflice costs Depreciation Other interest payable and similar charges			257,425 52,608 986 11,793 10,068 10,582 6,208 2,422 9,801 1,831 14,705 576 918	232,505 46,092 1,141 781 7,920 10,840 6,629 4,120 4,166 12,343 2,018 12,709 279 2,675
			379,729	344,226
Total expenditure			379,729	344,226
Net income			35,447	69,601

Niidlande Academy Of Dance 8 Drama	Limited
Company Limited by Guarantee
Notes to the Detailed Statement ofFinanclai	Activities
Year ended 31July 2021
	2021	2020
Expenditure on charitable activities	6
Activities undertaken direct/y Direct charitable activity - coaching fees &show costs etc	257,425	232,505
Activ/t/es undertaken d/rectly
Direct charitable activity - wages/salaiies Direct charitable activity - employer's NIC Direct charitable activity - pension costs Direct chadtable activity - rent and rates Direct charitable activity - light &heat Direct charitable activity - repairs &maintenanoe Direct charitable activity - insurance Direct charitable activity - motor/travel costs Direct charitable activity - registration fees Direct charitable activity —telephone Direct charitable activity -other office costs	52,608 986 11,793 10,068 10,582 6,208 2,422 4,813 1,631 14,705	46,092 1,147 781 7,920 10,840 6,629 4,120 4,168 2,142 2,018 'l2,709
	115,816	98,566
Governance costs
Governance costs - accountancy fees Governance costs - legal and other professional fees Governance costs - depreciation Bank charges	3,523 1,471 576 918	3,513 6,686 279 2,675
	6,488	13,166
Expenditure on charitable activities	379,729	344,226