DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST COMPANY LIMITED BY GUARANTEE ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED th 30 June 2024 Company No. 07242577 Charity Registration No. 1143131
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST CONTENTS Page Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiners Report statement of Financial Activities Balan Sheet Notes forming part ofthe Financial Statements 10
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST TRUSTEES, REPORT FOR THE YEAR ENDED 30Trt JUNE 2024 The trustees are pleased to present their annual report for the year ended 3Qlh June 2024. The financial statements comply with the Charities Act 2011, Companies Act 2006, Accounting and Reporting by Charities., Statement of Recommended Practice {SORP 2019) applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} las amended for accounting periods commencing from l $1 January 2019). 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 lo the over-80s'. Its work is based on the belief that music is a powerful and positive force in many people's lives and thal in some way, everyone an respond to it. Music Iherapisls use music in a spec'rfic way to encourage people to interact and communicate so that over lime the therapy helps individuals to develop and to fulfil Iheir potential. We review our aims, objectives, and activities every year. We look atwhat we achieved and the outcomes of our work during the year under review. This review looks al 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 staled purposes We refer to the guidance provided by the Charity Commission on PLFblic 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.. 1. The protection and promotion of good health, both physical and mental, by the therapeutic and specific use of music. 2. The relief of sickness, and the alleviation of developmental, emotional, and social drfficulties, by the therapeutic and specrfic use of music. 3. 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 studenls,- and 4. The promotion and publication of research concerning the therapeutic use of music as set out in these objects. The charity delivers these public ljenefits by delivering.. consultation sessions for newly referred clients, courses of individual and group music therapy sessions, short term or long-term therapy according to identified needs, and a bespoke service for individuals who are unable lo make the journey to the music therapy space ACHIEVEMENTS, SERVICE DELIVERY AND PERFORMANCE FOR THE YEAR The principal activities and achievements of the charity during the year under review were as follows.. Over the course of the year MPNW provided a music therapy service in 9 schools across Merseyside, Cheshire, Lancashire and North Wales and in 1 college. This was an increase on the previous year. Contracts were of varying duration, but most were for a full academic year. Some were renewals of contracts from the previous financial year, demonstrating appreciation of the service provided. Others
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST TRUSTEES, REPORT FOR THE YEAR ENDED 307H JUNE 2024 were new pieces of work, demonstrating the development of our seNice. Music Iherapy was provided for children and young people with communication difficulties, autism, severe learning difficulties and physical disabililies and children and young people with social, emotional, and mental health needs. In the college setting, Music therapy was provided for young adults with learning disabililies. Sessions at Aintree University Hospital Stroke Centre continued throughout the year, with the music therapy service being well-received by both patients and staff. Our work at Mersey Care NHS Trust with adults with mental health needs recoMMend in April 2024 after a gap, (the previous funding had come to an end in autumn 2023). The seNice has continued to receive excellent feedback from service users and staff. We continued to provide a service for privately referred clients at our base at the Lee Jones Centre. Clients inGluded adults with learning disabilities and physical disabilities. An online service was provided for one individual. We also provided sessions for a client in their own home and sessions for some young adult clients in a Day Centre setting. Our Social Prescribing project continued, working in partnership with local Social Prescribing Link Workers in Central Liverpool Primary Care Trust and with staff at Sahir House, which supports the LGBTQIA+ community. We set up some group sessions, each running for 6 weeks. The sessions aimed to address issues of loneliness and isolation as well as more complex social and psychological needs. We were able lo use the CEV grant awarded by Liverpool Council in a previous year and carried over because of Covid restrictions and the delay to the opening of our Centre. We continue to monitor and review this project, to develop the service and make il more effective and we have plans for further sessions. We were able to continue lo provide sessions at a Chester Hospice because of a SUC$sful second application to the National Loltery 'Awards for All, programme for funding in the previous year. Music therapy sessions were provided at the Hospice throughout the year, in bolh the inpatient ward and the Wellbeing Cenlre. Feedback from the Hospice about the music therapy SeiCe continued to be excellent. Overthe year our Music therapy team worked with over 300 people of all ages in a variety of health and educational settings. We applied to the charity 'Digital Candle, ( htl .'Ildi italcandle.or .uk) for IT support in setting up a new domain for the website and our email addresses, as well as a digital office so that we can slore data securely in the Cloud. We had some invaluable technical support through this charity. The Local Giving 'Magic little Grant 'of £500 awarded in the previous year was used to purchase new sofiware and updates for our office computers. Cheshire and Merseyside NHS choir held theirAnnu81 Carol concert al Liverpool Cathedral in December 2023 and raised £1500 for MusicPlace North-west. In March 2024 we were successful in our application to Ihe Big Give Kind2Mind Campaign for our project entitled 'Making Music Matters,, which aimed to provide music therapy sessions on an individual or group basis for people in Liverpool and Merseyside. to address issues of mental health and well-being. Every donation up to £2500 would be match funded. The campaign was launched in May 2024 and our targel was £5000. Our campaign raised just over £2000 including gift Aid. We have a rigorous recruitment process and have a strong team of therapists with a variety of skills and specialisms. other MPNW activities continued during 2023-2024 included, but were not limited to.. Supporting the therapy team through supervision, consultations, and team meetings. This included a whole team day one Saturday in November 2024 Responding to enquiries about music therapy and music therapy training, Reviewing and updating our policies and procedures
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024 Maintaining and strengthening partnerships with other organisations, including L'Arche, the Royal Liverpool University Hospital NHS Trusl, and Mersey Care NHS Trust. Networking and establishing support for our charity from larger charitable organisations e.g. LCVS, NCVO Supporting the development of future music therapists through student placements We remain open to enquiries from students regarding research but as a small charily with a small administrative function, il is difficult finding projects that are both mutually beneficial and administratively possible. FINANCIAL REVIEW Total income in the year was £91,910 (2023.. £82,911) of which £nil, related to funding for projects upon which restrictions are placed. Total expenditure in the year was £101,377 {2023'. £81,918), leaving a deficil for the year of £9,467 (2023.. Surplus £993). At 31sl March 2024 the charitable company's reserves stood al £24,711 (2023.. £34,178) ofwhich £4,438 (2023.. £26,439) represented restricted funds. Risk Management The main risk Ihat Ihe charitable company faces is financial risk as it relies on an income mix of therapy income and grants. The board continue to regularly review the financial strategy, and the Trustees maintain their view that there is a need for a more robust pricing structure, whilst maintaining the charitable objectives and support for people with limited means. The board have considered a new model, including the appointment of a business development manager to take on the role of developing new business opportunities. with clients and submitting grant application. Therefor releasing the current Music therapistlcoordinator to focus more on clinical music therapy work and on leading the therapy team. To cover the additional costs of this model, we need to continue to make applications to Charitable Trusts for significant funding (minimum £25,000 over a period of 3 years). We keep core Gosts to the minimum but raising funds to support these costs is an important element of our financial plan going forward. Reserves Policy At the end of the financial year. unrestricted funds totalled £20,273 of which £995 is represented by tangible assets (see note 8). leaving surplus free reserves of £19,278. The charitable company requires £6,615 for one months. running costs and £12,141 for redundancy provision, total of £18,756. STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charilable company limited by guarantee, converted from a CIC on 19th July 2011 and registered as a charity on 27th July 2011. The Governing Instruments under which Ihe charilable company operates comprise the Memorandum and Articles of Association together with the policies made from time to lime by the trustees. In the event of the company being wound up members are required to contribute an amount up to £10. Musicplace North-west is run by the co-oidinator, under the direction of the trustees. The trustees appoint a chair from within their ranks to lead the board of truslees. The trustees are all directors of the company. The directors are elected members and have a responsibility to act in the best interest of Musicplace North-west. They are responsible for the organisation's governan, sustainability and accountability.
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024 REFERENCE AND ADWIINISTRATIVE DETAILS Namo Muslcplaco North-west 7242577 Company Numbèr Charlty Number Regl$tered Offl¢e Trustees 1143131 Moozlk Academy, Woolton Hill Road, Llverpool England, L25 6JA Prof D Balchelor (Appolnted 16th November 2024) (Appolnted 11 th September 2023) & (Reslgn8d 161h September 20241 <Reslgned 12th September 2023) R Ball M Brady A Gallaghèr M Kelly G Mlller (Resigned 161h September 2024) Independent Examlner Ying Huang, ACCA Liverpool Charity and Voluntary S8rvlc8S, 151 Dale Str88t, Liverpool L2 2AH Bankers CAF Bank, 25 Kings Hill Av8nue, Kent ME19 4JQ Slgned on behalf of the Board of Trustees Prof D Batchelor, Trustee Dated:
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH.WEST STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees, who are also the directors of Musicplace North-west for the purpose of company law, are responsible for preparing the Trustees Report and the financi81 slalements in accordance wllh applicable law and United Kingdom Accounting Slandards {Uniled Kingdom Generally Accepted Accounting Practice) Company law requires the trustees to prepare financial slatemenls for each financial year which give a true and fair view of the state of affairs of the charitable company as al the balance sheet d81e and of its incoming resources and application of resources. including income and expenditure, for the flnanclal year. In preparlng those flnancial statements, the trustees should follow best practice and.. select suitable accounting policies and then apply them consislenlly; observe Ihe methods and principl8 in the Charilies SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue as a going concern., slate whether applicable UK accounting standards h8ve been followed, subject to any material departure disclosed and explained in the financial statements. The Trustees are responsible for maintaining proper accounting records which disclos8 Wlth reasonable accuracy al any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taklng reasonable steps for Ihé prèvention and dataction of fraud and other irregularities. By Order of the Board, Prof D Batchelor Trustee Moozik Academy. Woollon Hill Road, Liverpool England, L25 6JA Date:
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUISCPLACE NORTH-WEST I report on the accounts of the charitable company for the year ended 30th June 2024, which are set out on pages 8-16. Res ective res onsibilities The Irustees (who are also the directors of the company for the of tmstees and examiner purposes of company law) are responsible for the preparation of the accounts. The Irustees consider Ihat an audit is not required for Ihis year under section 144(2) of the Charities Act 2011 (Ihe 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act, lo follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(51{b) of the 2011 Act, and to state whether particular matters have come to my attention. 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 the Iruslees 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 present a 'true and fair, view, and the report is limited to those matters sel out in the statement below. Basis of inde endent examinels statement Inde endent examineffs statement In Gonnection with my examination, no matter has come to my attention.. {11 which gives me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2008., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice= Accounting and Reporting Charities have not been mel., or {21 to which, in my opinion, altention should be drawn in order lo enable a proper understanding of the accounts to be reach8d. swJhÈdby.' Name: Ying Huang Relevant professional qualification or b'ody.. AVèA Address. clo LCVS 151, Dale Street, Liverpool, L2 2AH Dated.. 3/2812025 E92E
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE) FOR THE YEAR ENDED 30TH JUNE 2024 Current financial year Notes Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Tolal Funds 2023 Income and endowments from: Donations and legacies Charitable activilies Investments 2,222 89,264 424 2,222 89,264 424 2,526 80,039 346 3b Total income 91,910 91,910 82,911 Expenditure on: Charitable Activities 79,376 22,001 101,377 81,918 Total expenditure 79,376 22,001 101,377 81,918 Net Incomel{expenditure), net movement In funds 12,534 122,001) (9,467) 993 Total funds brought foward 7,739 26,439 34,178 33,185 Total funds carrled forward 10 20,273 4,438 24,711 34,178 The notes on pages 10 to 16 form part oflhese accounts. All the above amounts relate to continuing the activities of the charitable company.
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 Docuslgn Envelope ID." 393F9822-6DA8-4CID-gA85-33872C1D2FCA MUSICPLACE NORTH-WEST BALANCE SHEET AT 30TH JUNE 2024 Company Number 07242577 301hJune 2023 Notes 30thJune 2024 Flxed assets Tangible fixed assets 995 1,632 Current assets Debtors Cash al bank and in hand 14,409 18,349 8,112 33,263 32,758 41,375 Current liabilities Creditors.. amounts falling due within one year (9,042) (8,8291 Net current assets 23,716 32,546 Total assets less currènt liabilities 24,711 34,178 Funds: Unrestricted funds Restricted funds 20,273 4,438 7,739 26,439 8,10 24,711 34,178 These accounts have been prepared in accordance with the provisions applicable to sm811 compani8S subject to the small companies, regime and in accordance with FRS102 SORP. These aGcounls hav8 b88n prepar8d in accordance with th8 provisions applicable lo small cornpanles subject to the small companlos, regime and in accordance with FRS102 SORP. For the period covered by these accounts the company was entitled to 8xemplion under section 477 of the Companies Act 2006 relating to sm811 companies. No members have required the Gompany to ob18in an audit of ils accounts for the year in question in accordance with seGtion 476 of tho Companies Act 2006. The trustees, who are the directors of Ihe company, acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records 2nd the preparation of financial statements. 3/25/2025 Approved by the Board on and signed on their behalf by-. Prof D Batchelor, Trustee
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 30TH JUNE 2024 1. Limlted Liability Musicplace North-west is a private company limited by guarantee, Incorporated in England and Wales (Registration number 7242577} and a registered charity (registration number 1143131 } In the event of the charity being wound up each member's liability is up to £10. The registered office is Moozik Academy, Woollon Hill Road, Liverpool England, L25 6JA 2. Accounting Policies Basis of accounting The accounts have been prepared under the historical cosl convention with items recognised at cost or transaction value unless otheiSe stated in the relevant nolels) lo these accounts. The financial statements have been prepared in accordan with Ihe Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102} ISORP 2019) (as amended for accounting periods commencing from 1st January 2019), Charities Act 2011 and the Companies Act 2006. Musicplace North-west meets the definition of a public benefit entity under FRS 102. The accounts are prepared in sterling, which is the functional currenGy of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The charitable company has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Slatemenl of Cash Flows. The principal accounting policies adopted are sel out below. Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operalional existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the Charitable Company's free reserves available for the trustees to apply in accordance w¢th the charitable company's charitable objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Designated funds are the Charitable Company's unrestricted funds which have been set aside by the trustees for specific purposes. Income recognition All income is recognised once the charitable company has enlillement to the income, there 18 sufficient certainly of receipt and so it is probable that the income will be received, and the amount of income receivable Gan be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accruals basis. Grants receivable are recognised on the dale on which their unconditional payment is confirmed by the donor. Income from services are recognised on completion of the delivered seNice. Income from investment relates to bank interest reIVed and is recognised when the amount is certain. 10-
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 30TH JUNE 2024 Expenditure recognition Liabilities are reGognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, il is probable that seltlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an a¢Gruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in th8 statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relate to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable company. Support and governan costs relate to the management and operation of the organisation and also Complian with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Tangible fixed Assets Capital expenditure is stated in the balance 8heel at cost less accumulated depreciation. All capital expenditure of £500 and above are treated as fixed assets. Depreciation is provided to write off the cost of each asset over its expected useful life as below.. Computer & Equipment 254h reducing balance Musical Instruments 250/0 reducing balance Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial inslruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assels and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic flnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al Iransaction price including transaction costs and are subsequently carried at amortised cost using the effective interest rnethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the presenl value of the future receipts discounted at a market rate of interest. Financial assets classified as re1vable within one year are not amortised. Financial assets are derecognised only when the conlraclual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained, bul Gontrol of the asset has transferred to anolher party that is able lo sell the asset in its entirety to an unrelated third party. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 30TH JUNE 2024 measured at the presenl value of the future receipts discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debl instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or canlled. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemplions. Critical accounting estlmates andjudgements In the application of the charity's accounting policies, the trnstees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are Gonsid8red to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in Ihe period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 3. Income and endowments from Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 a. Donations and Legacies Donations 2,222 2,222 2,526 In 2023 donations were unrestricted funds b. Charitable activities Therapy Outreach City Of Liverpool National Lottery- Awards for All Hospice of the good shepherd Magic Little grants 89,264 89,264 50,038 18.616 9,960 925 500 89,264 89,264 80,039 In 2023 £30,001 related lo restricted funds and £50,038 to unrestricted funds c. Investments Bank interest 424 424 346 In 2023 bank interest were unrestricted funds
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 30TH JUNE 2024 4. Expenditure on Charitable Activities Direct Charitable Expenditure Support & Governance Costs 2024 Total 2023 Total PrDvision of music therapy online & outreach 90,490 10,887 101,377 81,918 a. Analysed as follows.. 2024 2023 Direct chanlable expenditure.. Therapist Costs Staff Salary costs Pension 69,031 21,079 380 49,845 90,490 49,845 Support & Govemance costs.. Staff salary costs Room Hire 3,572 1,950 333 27,674 2,634 96 1,341 328 Office costs Finance costs Subscriptions Insurance Legal and professional Sundries Accountancy Fee Bank Charges Depreciation 2,170 270 749 152 35 1,265 60 331 10,887 32,073 Total expenditure on charitable activities 101,377 81,918 £21,001 of the above expenditure relates to restricted funding. b. Staff Costs 2024 2023 Gross wages and salaries Social securily costs Pension costs 24,651 27,336 380 338 25,031 27,674 13-
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 30TH JUNE 2024 Particulars of employees.. The average number of staff employed during the year was as follows.. 2024 2023 Charitable activities 1.83 No employee received emoluments of more Ihan £60,000 during Ihe year12023'.01. The truslees are not remunerated for their services and are not included in the above number of employees. No oulknof-pocket expenses were reimbursed to trustees in the year (2023.. £nill. 5. Tangible Fixed Assets Computer & Equipment Musical Instruments Total Cost At 151 July 2023 Additions Disposals 639 8,497 9,136 {306) (306) At 30th June 2024 639 8,191 8,830 Depreciation At 1 St July 2023 Charge for the year Disposals 370 67 7,134 264 7,504 331 At 30th June 2024 437 7,398 7,835 Net book value at 30th June 2024 202 793 995 Net book value at 30th Jun8 2023 269 1,363 1,632 6. Debtors 2024 2023 Debtors and prepayments 14,409 8,112 7. Creditors: amounts falling due within one year 2024 2023 Trade Creditors & accruals 9,042 8,829 14-
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 30TH JUNE 2024 8. Analysis of Net Assets between Funds Tangible Fixed Assets Net Current Assets Total 2024 Unrestricted Funds General Fund 995 19,278 20,273 Restricted Funds Hospice of the good shepherd Magic little grants 4,271 167 4,271 167 4,438 4,438 Totals 995 23,716 24,711 Tanglble Fixed Assets Net Current Assets Total 2023 Unrestricted Funds General Fund 1,632 6.107 7,739 Reslricled Funds Hospice of the good shepherd Liverpool City Council- CEV ommunity Grant Magic little grants National Lottery Awards for all 5.520 11,384 5.520 11,384 500 9,035 500 9,035 26,439 26,439 Totsls 1,632 32,546 34,178 9. Unrestrlcted Funds 2024 Reserves at Beginning of year Income Expenditure Reserves at End of Year {£) (79,376) General Fund 7,739 91,910 20,273 2023 Reserves at Beginning of year Incomo Expenditure Reserves at End of Year (£1 (51,9171 General Fund 6,746 52,910 7,739
DoGusign Envebpe ID". 05BC082C-50ED4DAO49FC-069D8C53C858 MUSICPLACE NORTH-WEST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 30TH JUNE 2024 General Fund is used to finance the charitable company's general activities and core costs as outlined in the Trustees, Report. 10. Restricted Funds Movements in the Year Income Expenditure 2024 Resources Beginning of year Resources At Year End 1£) 11,249) {11,384) {333) {9,0351 Hospi ofthe good shepherd Liverpool City Council- CEV community Grant Magic little grants National Lottery Awards for all 5,520 11,384 4,271 500 9,035 167 26,439 22,001 4,438 Description of Funds These are monies given to the charitable company to be spent at the discretion of the Charily's Board of Trustees for specific charitable purposes.. HospSce of the good shepherd- To deliver music therapy sessions Liverpool City Council- CEV Community grant- Music therapy s8ssions with CliniGally Extremely Vulnerable people, particularly supporting people's mental health post-covid Magic Little grants- Contribution towards 'refurbishment' and other improvements to our office and therapy base (e.g. we used il to improve our computers) National Lottery Awards for all- for Music therapy sessions at the Hospi ofthe Good Shepherd 11. Related Party Transactlons Rob Ball, a trustee since September 2023 is a director of Vantage Accounting Ltd who provided book-keeping services during the financial year 2024 of £1,251 12. Guarantees As at 31. March 2024, 4 members had given a guarantee up to £10 each in the event of the charitable company winding-up. Tolal.. £40 (2023.. 4 members £40). 16