COMPANY REGISTRATION NUMBER: 07242577 CHARITY REGISTRATION NUMBER: 1143131
MusicPlace North-West Ltd Company Limited by Guarantee
Unaudited Financial Statements
30 June 2022
MusicPlace North-West Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30 June 2022
| Pages | |
|---|---|
| Trustees' annual report (incorporating the directors' report) | 1 to 6 |
| Independent examiner's report to the trustees | 7 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Statement of financial position | 9 |
| Notes to the financial statements | 10 to 15 |
MusicPlace North-West Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report)
Year ended 30 June 2022
Trustees Annual Report
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2022.
Reference and administrative details
Registered charity name MusicPlace North-West Ltd Charity registration number 1143131 Company registration number 07242577 Principal office The Lee Jones Centre 119-133 Limekiln Lane Liverpool L5 8SN Registered office The Lee Jones Centre 119-133 Limekiln Lane Liverpool L5 8SN The trustees Mrs M J Kelly Mrs G Miller - (Chair) Mrs K M Wilson (Resigned 7 October 2021) Mr M Brady Mrs A Gallagher (Appointed 15 June 2022) Company secretary Mrs M Clayton Independent financial examiner Mr P A Teasdale FCA
Structure, governance, and management
The day-to-day activities of MusicPlace North-West Ltd (MPNW) are run by the Co-ordinator, under the direction of the Trustees. The Trustees appoint a Chair from within their ranks to lead the Board of Trustees. The Trustees are all directors of the company and members of the Management Committee. All Trustees volunteer their services and are un-remunerated.
During the year under review, there were five Trustees with Gill Miller also acting as Chair.
1
MusicPlace North-West Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 30 June 2022
Objectives and activities
The aims and objectives of MPNW are to use music therapy to bring improvements to mental health and well-being, for people of all ages and abilities, from pre-school age to the over-80s'. Its work is based on the belief that music is a powerful and positive force in many people's lives and that in some way, everyone can respond to it.
Music therapists use music in a specific way to encourage people to interact and communicate so that over time the therapy helps individuals to develop and to fulfil their potential.
How We Deliver Our Aims
We review our aims, objectives, and activities every year. We look at what we achieved and the outcomes of our work during the year under review. This review looks at the success of each key activity and the benefits delivered to the groups of people we are set up to help; and helps us remain focussed on our stated purposes.
We refer to the guidance provided by the Charity Commission on public benefit, when reviewing our aims and objectives, and planning future activities. We consider how planned activities will contribute to the aims and objectives we have set.
Public Benefit
The charity's objects, for the public benefit, are as follows:
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The protection and promotion of good health, both physical and mental, by the therapeutic and specific use of music.
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The relief of sickness, and the alleviation of developmental, emotional, and social difficulties, by the therapeutic and specific use of music.
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The advancement of the education of the public concerning music as a means of therapy and the provision of support for the education and training of music therapists and of other interested professionals and students; and
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The promotion and publication of research concerning the therapeutic use of music as set out in these objects.
The charity delivers these public benefits by delivering: -
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consultation sessions for newly referred clients,
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courses of individual and group music therapy sessions,
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short term or long-term therapy according to identified needs, and
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a bespoke service for individuals who are unable to make the journey to the music therapy space
Achievements and performance
The principal activities and achievements of the charity during the year under review were as follows:
MPNW provided a music therapy service in five schools across Merseyside, Cheshire, and Lakeshore. Three of these schools were special schools for children with a range of health and educational needs
2
MusicPlace North-West Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 30 June 2022
including communication difficulties, autism, severe learning difficulties and physical disabilities and two were schools for children with social, emotional, and mental health needs (SEM).
With Covid still having a significant impact at the start of the year, the MusicPlace coordinator and therapists worked closely with senior staff in school to provide face to face sessions in as safe a way as possible.
Because of the gradual lifting of Covid restrictions we were able to return to providing some face-toface music therapy services for Mersey Care NHS Trust, which runs a range of Units in Merseyside to support adults with acute and chronic mental health problems.
We continued to provide an online service for individual, privately referred clients. Clients included adults with learning disabilities and physical disabilities, and children with communication difficulties.
Our base at the Lee Jones Centre did not reopen during the accounting year and so it was not possible to provide face to face sessions for privately referred clients during this period.
Face to face sessions at Aintree Hospital stroke ward restarted in January 2022 and were well received after a gap of 2 years because of Covid.
We were successful in our application to the National Lottery 'Awards for All' programme for funding for our project at a Chester Hospice and were thus able to provide Music therapy throughout the year, for both the inpatient ward and for the Wellbeing Centre at the Hospice. We received excellent feedback from a patient and staff evaluation of the service.
We were successful in a bid to Liverpool Council for a grant of £30,000 to support our work with Clinically Extremely Vulnerable people.
We continued our Social Prescribing project, working in partnership with local Social Prescribing Link Workers in Central Liverpool Primary Care Trust. Some of the people referred chose to wait until the Lee Jones Centre reopened, when the sessions could be delivered face to face.
Other MPNW activities continued during 2021-2022 included, but were not limited to:
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Supporting the therapy team through supervision and consultations,
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Responding to enquiries about music therapy and music therapy training,
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Maintaining and strengthening partnerships with other organisations, including L'Arche, the Royal Liverpool University Hospital NHS Trust, and Mersey Care NHS Trust.
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Networking and establishing support for our charity from larger charitable organisations e.g., the Small Charities Coalition, LCVS, NCVO
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We continued to support the development of future music therapists, and as in the previous year, began a new contractual arrangement with a trainee therapist, paid at a lower sessional rate than a qualified therapist and with some paid time for supervision.
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We remain open to enquiries from students regarding research but as a small charity with a small administrative function, it is difficult finding projects that are both mutually beneficial and administratively possible.
The Lee Jones Centre in Limekiln Lane, Liverpool remained closed for its normal activities throughout the year.
3
MusicPlace North-West Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 30 June 2022
Once it reopens, we will have the opportunity to run bigger group sessions, as well as the opportunity to establish links with the League of Welldoers, a community-based charity who own the Lee Jones building.
In the previous year we had reviewed our financial strategy and identified a need for a new business model. This included the appointment of a business development manager to take on the role of developing new business opportunities with clients and submitting grant applications, releasing the current Music therapist/Coordinator to focus more on clinical music therapy work and on leading the therapy team.
Accordingly, we had submitted a comprehensive application to the National Lottery 'Reaching Communities' Fund for significant funding of £234,000 over a period of 3 years.
Although this bid was not successful, we benefited from the strategic thinking and decided that that the Administrator and Bookkeeper should be separate roles. This would allow the Administrator to have more time to focus on supporting the coordinator in business development.
When our previous Administrator/Bookkeeper left MusicPlace, we appointed a new Bookkeeper to manage our accounts and finances and then began the process of recruiting an Administrator in a separate role.
Just before Christmas 2021 we received a donation from Yoko Ono and Sean Ono Lennon of a rare Acetate of 'Happy Xmas (War is over).' This is a valuable resource and will be auctioned to raise funds.
Employment of disabled persons
It is the company's policy to give employment to disabled persons wherever practicable. At present none of our staff is registered disabled.
Political and charitable donations
No charitable donations were made during the period and there were no contributions to political organisations were made during the period.
Exemptions from disclosure
There were no exemptions from disclosure extant during the year under review applicable to any Trustee or employee of MPNW.
Funding
Our principal funding sources consist of both funds for restricted purposes targeted at specified therapy delivery, and funds for general purposes. Income is also received from the delivery of therapy services to public sector caring agencies under contracts.
We are dependent on funding from grants and contracts from public sector service users, many of whom have funding pressures of their own. During the pandemic, MPNW have relied on grants from larger charitable bodies to cover the necessary operating costs.
Reserve's policy
The Trustees are responsible for utilising the reserves to the best advantage of MPNW and its stakeholders.
4
MusicPlace North-West Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 30 June 2022
Custodian funds
MPNW has no custodian funds, and no Trustee/Director or other member of staff holds any assets personally on behalf of the charity or on behalf of any other third parties.
Covid-19
Covid 19 continued to have an impact on us as a charity. Throughout the accounting year 2021 to 2022 it was not possible to access our base at the Lee Jones Centre due to the pandemic restrictions, and it was necessary for all administrative work to be done from home by the coordinator and administrator. It was also not possible to hold any therapy sessions at the Centre.
We continue to be grateful to our team for their co-operation, forbearance, application, and determination to keep MPNW running, in such difficult circumstances.
The restriction of opportunities to deliver music therapy services continued to have a direct adverse impact on MPNW's income generation opportunities, whilst running costs continued unabated. On reopening at the Lee Jones Centre, MPNW activities at the Centre will be reviewed in line with current guidance on social distancing and the need to maintain a Covid-19-safe working environment for staff, therapists, and clients.
Financial review
Unrestricted Fund
Turnover increased by 71% as the pandemic receded and activity levels increased. Our running costs also increased, but only by 28%. This resulted in a surplus on charitable activities of income over expenditure for the year of £19,173 compared to the deficit of the previous year of (£7,719).
The Fund deficit therefore returned to a surplus of £6,786 from the previous year's deficit of (£12,386).
Restricted Fund
The restricted fund saw the brought forward balance used up as therapy services were provided as required by the funding agreement. New funding was received from various commissioning partners during the year with a balance of £36,683 carried forward unspent in the Restricted Fund as at the year end. This balance was represented by equal cash deposits as at 30 June 2022.
Therefore, the total combined surplus on all funds was £43,469. In 2021, the combined net deficit was (£ 1,860).
MPNW continued to suffer from a lack of scale and the resources to expand quickly. It constantly balances having to price therapy services at a level that yields a sustainable contribution to fixed costs, whilst being affordable for commissioning partners who have increased need of the services provided yet whose own budgets are constantly being squeezed.
During the year and subsequently, the cash position remains an important metric, and is reviewed with a short-term forecast at every meeting of the management team. Achieving a sustainable cashflow remains the dominant risk faced by the charity.
This year saw positive cash generation after recent years where cash was absorbed by operations. It is hoped that this encouraging performance can be continued.
The Trustees believe they have a duty to continue to provide for the continuation of therapy services to patients despite these difficult times. The Charity Commission's view is that the Trustees must consider the needs of the patients and the importance of maintaining the delivery of public benefits, when addressing the financial management of the charity.
5
MusicPlace North-West Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Directors' Report) (continued)
Year ended 30 June 2022
The financial aftermath of the Covid-19 pandemic mean that the Trustees must be prudent and consider whether the charity is a "going concern" for the foreseeable future. This is kept under review at every single Trustee meeting.
The good news is that most social distancing restrictions have ended. The charity's premises reopened in September 2022.
This has allowed the charity to generate income based on our existing network, and new work through community engagement, and social prescribing. This builds on the progress made since February 2022 when hospitals began to resume face to face contact for therapy sessions. MPNW rebuilt its face-to-face sessions during the year under review.
The charity remains dependent on fundraising, donations, and charitable grants from larger charitable bodies, and this will continue into the near future. MPNW as a charity has a history of being funded by income from clients but also grants from various sources and has a history of successful grant applications.
Over the years these grants have been central to maintaining low costs for clients, who are often themselves dependent on social/financial support. These take time and resource to apply for and the outcomes are not guaranteed. However, the successes have allowed MPNW to survive and adapt to an unprecedentedly difficult period.
The charity has shown resilience and grit through this period and has received significant grant funding which reflects confidence in the work and purpose of the charity.
That said, the inherent uncertainty of the outcome of grant applications, means that the cashflow is difficult to predict, and we are aware that winning financial support has become more competitive.
We have recently appointed a qualified Bookkeeper with experience of charity finance, who will provide valuable support in terms of our cashflow.
The charity operates in credit, carries no long-term debt, and has a surplus of assets to liabilities on its Balance Sheet. Donations received are without recourse, with most being available to support our core operations.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemptions.
The trustees' annual report (incorporating the directors' report) was approved on 17 March 2023 and signed on behalf of the board of trustees by:
Mrs G Miller Trustee and Chair of Trustees
Mrs M Clayton Charity Secretary
Mary Clayton (Mar 27, 2023 10:40 GMT+1)
6
MusicPlace North-West Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of MusicPlace North-West Ltd
Year ended 30 June 2022
Independent Financial Examiner’s Report
I report to the trustees on my examination of the financial statements of MusicPlace North-West Ltd ('the charity') for the year ended 30 June 2022.
Responsibilities and basis of report
As the trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Mr P A Teasdale FCA
Independent Examiner
Tattenhall, Cheshire, CH3 9NH
17 March 2023
7
MusicPlace North-West Ltd
Company Limited by Guarantee
Statement of Financial Activities (Including income and expenditure account)
Year ended 30 June 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 156 | – | 156 | 4,030 |
| Charitable activities | 6 | 83,561 | – | 83,561 | 49,005 |
| Investment income | 7 | 21 | – | 21 | 1 |
| ---------------------------- | -------------- | ---------------------------- | ---------------------------- | ||
| Total income | 83,738 | – | 83,738 | 53,036 | |
| ============================ | ============== | ============================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8,9 | 64,605 | 10,526 | 75,131 | 58,869 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 64,605 | 10,526 | 75,131 | 58,869 | |
| ============================ | ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 19,133 | (10,526) | 8,607 | (5,833) | |
| ============================ | ============================ | ============================ | ============================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | (12,387) | 10,526 | (1,861) | 3,973 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 6,746 | – | 6,746 | (1,860) | |
| ============================ | ============================ | ============================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 15 form part of these financial statements.
8
MusicPlace North-West Ltd
Company Limited by Guarantee
Statement of Financial Position
30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 14 | 1,870 | 2,070 |
| Current assets | |||
| Debtors | 15 | 9,241 | 2,586 |
| Cash at bank and in hand | 42,934 | 23,639 | |
| ---------------------------- | ---------------------------- | ||
| 52,175 | 26,225 | ||
| Creditors: amounts falling due within one year | 16 | 10,616 | 30,155 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 41,559 | (3,930) | |
| ---------------------------- | ----------------------- | ||
| Total assets less current liabilities | 43,429 | (1,860) | |
| ---------------------------- | ----------------------- | ||
| Net assets | 43,429 | (1,860) | |
| ============================ | ======================= | ||
| Funds of the charity | |||
| Restricted funds | 36,683 | 10,526 | |
| Unrestricted funds | 6,746 | (12,386) | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 43,429 ============================ |
(1,860) ============================ |
For the year ending 30 June 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 17 March 2023, and are signed on behalf of the board by:
Mrs G Miller Mrs M Clayton Trustee and Chair of Trustees Charity Secretary
The notes on pages 10 to 15 form part of these financial statements.
9
MusicPlace North-West Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Lee Jones Centre, 119-133 Limekiln Lane, Liverpool, L5 8SN.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
(b) Going concern
There are no material uncertainties about the charity's ability to continue.
(c) Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
(d) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
(e) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for a specified future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
10
MusicPlace North-West Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2022
3. Accounting policies (continued)
(f) Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
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legacy income is recognised when receipt is probable, and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
(g) Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
(h) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
11
MusicPlace North-West Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2022
3. Accounting policies (continued)
recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
(i) Depreciation
Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Musical instruments - 25% reducing balance AV Equipment - 25% reducing balance
4. Limited by guarantee
MusicPlace North West Ltd is a charitable company, limited by guarantee. It was first incorporated as a Community Interest Company on 4th May 2010 and began trading on 16 July 2010. It became a company limited by guarantee on 27 July 2011 with a Memorandum of Association to establish the objects and powers of the charitable company and Articles of Association setting out its governance. In the event of the company being wound up, the members are required to contribute an amount not exceeding £10.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations received unrestricted | 156 | – | 156 |
| Donations received restricted | – | – | – |
| -------------- | -------------- | -------------- | |
| 156 | – | 156 | |
| ============== | ============== | ============== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Donations received unrestricted | 2,144 | – | 2,144 |
| Donations received restricted | – | 1,886 | 1,886 |
| ----------------------- | ----------------------- | ----------------------- | |
| 2,144 | 1,886 | 4,030 | |
| ======================= | ======================= | ======================= |
6. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Therapy outreach unrestricted | 68,620 | 68,620 | 46,998 | 46,998 |
| Miscellaneous income | 14,941 | 14,941 | 2,007 | 2,007 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 83,561 | 83,561 | 49,005 | 49,005 | |
| ============================ | ============================ | ============================ | ============================ |
12
MusicPlace North-West Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2022
7. Investment income
| Unrestricted | Total Funds |
Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 |
Funds | 2021 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 21 | 21 |
1 | 1 |
| ============== | ============== | ============== | ============== | |
| Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Music therapy in-house and outreach | 42,255 | 10,526 | 52,781 | |
| Support costs | 22,350 | – | 22,350 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 64,605 | 10,526 | 75,131 | ||
| ============================ | ============================ | ============================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Music therapy in-house and outreach | 36,983 | – | 36,983 | |
| Support costs | 21,886 | – | 21,886 | |
| ---------------------------- | -------------- | ---------------------------- | ||
| 58,869 | – | 58,869 | ||
| ============================ | ============== | ============================ | ||
| Expenditure on charitable activities | by activity type | |||
| Activities | ||||
| undertaken | Support |
Total funds | Total fund | |
| directly | costs |
2022 | 2021 | |
| £ | £ | £ | £ | |
| Music therapy in-house and outreach | 52,781 | 22,350 |
75,131 | 58,869 |
| ============================ | ============================ | ============================ | ============================ | |
| Analysis of support costs | ||||
| Analysis of | ||||
| support costs | ||||
| activity 1 | Total 2022 | Total 2021 | ||
| £ | £ | £ | ||
| Staff costs | 20,573 | 20,573 | 17,540 | |
| Premises | 1,337 | 1,337 | 2,759 | |
| General office | 344 | 344 | 1,510 | |
| Finance costs | 96 | 96 | 78 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 22,350 | 22,350 | 21,887 | ||
| ============================ | ============================ | ============================ |
8. Expenditure on charitable activities by fund type
9. Expenditure on charitable activities by activity type
10. Analysis of support costs
13
MusicPlace North-West Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2022
11. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation of tangible fixed assets
| 2022 | 2021 |
|---|---|
| £ | £ |
| 623 | 690 |
| ============== | ============== |
12. Staff costs
The average head count of employees during the year was 7 (2021: 7). The average number of full-time equivalent employees during the year is analysed as follows:
| full-time equivalent employees during the year is analysed as follows: | ||
|---|---|---|
| 2022 | 2021 | |
| No. | No. | |
| Number of staff - Therapists, contracted by the hour as required | 5 | 5 |
| Number of staff - Therapist/Co-ordinator | 1 | 1 |
| Number of staff - Administrative staff part time for 1.5 days per | ||
| week | 1 | 1 |
| -------------- | -------------- | |
| 7 | 7 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
13. Trustee remuneration and expenses
During the year, the Trustees continued to donate their time and services on a voluntary basis and received no remuneration or other benefits from employment with the charity or any related entity.
14. Tangible fixed assets
| Plant and | |||
|---|---|---|---|
| machinery | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 July 2021 | 7,768 | 639 | 8,407 |
| Additions | 423 | – | 423 |
| ----------------------- | -------------- | ----------------------- | |
| At 30 June 2022 | 8,191 | 639 | 8,830 |
| ======================= | ============== | ======================= | |
| Depreciation | |||
| At 1 July 2021 | 6,177 | 160 | 6,337 |
| Charge for the year | 503 | 120 | 623 |
| ----------------------- | -------------- | ----------------------- | |
| At 30 June 2022 | 6,680 | 280 | 6,960 |
| ======================= | ============== | ======================= | |
| Carrying amount | |||
| At 30 June 2022 | 1,511 | 359 | 1,870 |
| ======================= | ============== | ======================= | |
| At 30 June 2021 | 1,591 | 479 | 2,070 |
| ======================= | ============== | ======================= |
14
MusicPlace North-West Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2022
| 15. | Debtors | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Trade debtors | 9,241 | 2,586 | |
| ======================= | ======================= | ||
| 16. | Creditors: amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Payments received on account | 1,500 | 29,182 | |
| Trade creditors | 3,519 | 730 | |
| Accruals and deferred income | – | 230 | |
| Social security and other taxes | 652 | 13 | |
| Other creditors - wages control account | 4,945 | – | |
| ---------------------------- | ---------------------------- | ||
| 10,616 | 30,155 | ||
| ============================ | ============================ |
17. Pensions and other post-retirement benefits
Defined contribution plans.
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £338 (2021: £298).
15
Final Audit Report
MPNW 22 v15
2023-03-27
Created: 2023-03-17 By: Paul Teasdale (paul.teasdale@xptca.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAYLHuzIR29RXVnMLTzTanJ7TpraqwVLKE
"MPNW 22 v15" History
Document created by Paul Teasdale (paul.teasdale@xptca.co.uk) 2023-03-17 - 5:38:30 PM GMT
Document emailed to Gill Miller (g.miller@chester.ac.uk) for signature 2023-03-17 - 5:40:32 PM GMT
Email viewed by Gill Miller (g.miller@chester.ac.uk) 2023-03-27 - 9:26:29 AM GMT
New document URL requested by Gill Miller (g.miller@chester.ac.uk) 2023-03-27 - 9:26:36 AM GMT
Document e-signed by Gill Miller (g.miller@chester.ac.uk) Signature Date: 2023-03-27 - 9:27:34 AM GMT - Time Source: server
Document emailed to musicplacenw@gmail.com for signature 2023-03-27 - 9:27:36 AM GMT
Email viewed by musicplacenw@gmail.com 2023-03-27 - 9:36:22 AM GMT
Signer musicplacenw@gmail.com entered name at signing as Mary Clayton 2023-03-27 - 9:40:46 AM GMT
Document e-signed by Mary Clayton (musicplacenw@gmail.com) Signature Date: 2023-03-27 - 9:40:48 AM GMT - Time Source: server
Document emailed to Paul Teasdale (paul.teasdale@xptca.co.uk) for signature 2023-03-27 - 9:40:49 AM GMT
Email viewed by Paul Teasdale (paul.teasdale@xptca.co.uk) 2023-03-27 - 10:10:57 AM GMT
Document e-signed by Paul Teasdale (paul.teasdale@xptca.co.uk)
Signature Date: 2023-03-27 - 10:11:38 AM GMT - Time Source: server
Agreement completed.
2023-03-27 - 10:11:38 AM GMT
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