2021-08-31-accounts

Contents ofthe Financial Statements
for the Year Ended 31Au st2021

				Page
Report ofthe	Trustees		1	to	2
Independent	Examiner's	Report
Statement of	Financial	Activities
Balance Sheet
Notes to the	Financial	Statements	6	to	ll
Detailed Statement ofFinancial Activities			12	to	13

			20%1	2020
			Unrestricted	Total
			fund	fiendsf
		Notes
INCOME AND ENDOWMENTS FROM Donations and legacies			27)522	40,070
Other trading activities			796 6	5,866 90
Investment income				624
Other income
Total			28,324	46,650
EXPENDITURE ON			12@84	29,699
Raising funds
Charitable activities General Expenses			19,117	27,G15
Total			31,501	56,714
NET INCOME/(EXPENDITIJRE)			(3,177)	(10,064)
RECONCILIATION	OF FUNDS
Total funds brought	forward		65~2	75,306
TOTAL FUNDS CARRIED FORWARD			62,065	65,242

	Balance Sheet	Balance Sheet
	31Au	ust 2021
			2021	2020
			Unrestricted	Total
			fund	funds
	Notes
FIXEDASSETS
Tangible assets			15,021	15,854
CURRENT ASSETS
Stocks	10			89
Debtors	11		292	292
Cash at bank aud in hand	12		64,717	66,815
			65,009	67,196
CREDITORS
Amounts falling due within one year	13		(17,965}	(17,808)
NET CURRENT ASSETS			47,044	49,388
TOTAL ASSETSLESSCURRENT
LIABILITIES			62,065	65+42
NKT ASSETS			62,065	65@42
FUNDS	14
Unrestricted funds			62,065	65,242
TOTAL FUNDS			62,065	65/42

		otes tothe	otes tothe	ancial Statements -continued
			for the	Year Ended 31 Au ust 202
2.	OTHER TRADING ACTIVITIES
					2021	2020
	Concerts				4SS	2,865
	Tuck shop ref'reshments					2,493
	Raffle				30S	399
	Ties					109
					796	5,866
3.	INVESTMENT INCOME
					2021	2020
	Deposit account interest					90
4.	RAISING FUNDS
	Investment management	costs
					2021	2020
						E
	Administrative expenses					31
5.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated	after charging/(crediting):
					2021	2020
	Depreciation - owned assets				1,653	1,762
6.	TRUSTEES' REMUNERATION		AND	BENEFITS

				Notes to the Fin	Notes to the Fin	cial Statements -continued	cial Statements -continued	cial Statements -continued
					for the YearEnded31A		st20	1
7.	STAFFCOSTS
	Administrators		salaries						13,412
	Conductors	staffcosts							11,695
									25,107
	The average		monthly	number ofstaff during the		year was as follows:
	Office Administration								2
	Conductors,	etc.							10
									12
	No employees		received emoluments		in excess off60,000.

8.	COMPARATIVES	FOR THE STATEMENT OFFINANCIAL ACTIVITIES	FOR THE STATEMENT OFFINANCIAL ACTIVITIES
				Unrestricted
				fund
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			40,070
	Other trading activities			5,866
	Investment income			90
	Other income			624
	Total			46,650
	EXPENDITURE ON
	Raising funds			29,699
	Charitable activities
	General Expenses			27,015
	Total			56,714
	NET INCOME/(EXPENDITURE)			(10,064)
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		75,306

			Notes to the Financial Statements - continued	Notes to the Financial Statements - continued
			for the Year Ended 31Au ust 2021
8.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL			ACTIVITIES -continued
						Unrestricted
						fund
	TOTAL FUNDS CARRIED FORWARD					65,242
9.	TANGIBLE FIXEDASSETS
					Computer
			Instruments		equipment	Totals
	COST
	At 1 September 2020			52,557	1,646	54/03
	Instruments	additions			820	820
	At 31August 2021			52,557	2,466	55,023
	DEPRECIATION
	At 1 September 2020			36,703	1,646	38@49
	Instruments	charge for year		1,585	68	1,653
	At 31August 2021			38,288	1,714	40,002
	NET BOOKVALUE
	At 31August 2021			14,269	752	15,021
	At 31 August	2020		15,854		15,854
10.	STOCKS
					2021	2020
	Stocks					89
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
	Prepayments				292	292
12.	CASH AT BANK AND IN		HAND
					2021	2020
					Total	Total
					funds	funds
	Cash in hand				32	32
	Bank account	no, 1 - Ltd			9@69	8,040
	Bank account	no. 2 - Ltd			1,096	1,528
	Bank deposit	account - Ltd			54,220	57,215
	Total				64,717	66,815

	for the Year Ended 31 Au u	for the Year Ended 31 Au u	for the Year Ended 31 Au u	for the Year Ended 31 Au u	for the Year Ended 31 Au u	for the Year Ended 31 Au u	st 2021
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE						YEAR	2021	2020 f
	Social security and other taxes Accrued expenses Deferred government grants							233 732 17,000	116 692 17,000
								17,965	17,808
14.	MOVEMENT IN FUNDS
								Net
								movement	At
							At 1/9/20	in funds	31/8/21
	Unrestricted funds General fund						65,242	(3)177)	62,065
	TOTAL FUNDS						65,242	(3,177)	62,065
	Net movement in funds, included				in the above	are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
	Unrestricted funds General fund						28,324	(31/01)	(3,177)
	TOTAL FUNDS						28,324	(31,501)	(3,177)
	Cornparatives for movement			in	funds
								Net
								movement	At
							At 1/9/19	in funds	31/8/20
	Unrestricted funds
	General fund						75,306	(10,064)	65,242
	TOTAL FUNDS						75,306	(10,064)	65,242
	Comparative net movement		in	funds, included		in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
								f.
	Unrestricted funds
	General fund						46,650	(56,714)	(10,064)
	TOTAL FUNDS						46,650	(56,714)	(10,064)

			Net
			movement	At
		At I/9/19	in funds	31/8/21
Unrestricted	funds
General fund		75,306	{13,241)	62,065
TOTAL FUNDS		75,306	(13,241)	62,065

						Incoming	Incoming	Incoming	Resources	Movement
						resources			expended	in funds
									f.
Unrestricted funds
General fund							74,974		(88,215)	(13,241)
TOTAL FUNDS							74,974		(88,215)	(13+41)
RELATED PARTY DISCLOSURES
There were no related party transactions		forthe year ended			31August		2021.
GRANTS AND REMBURSEMENTS		RECEIVED
During the year,	North East Derbyshire	Music	Centre	Ltd received				grants,	reimbursements	and gift aid
follows:
									2021	2020
Derbyshire County	Council Grant								17,000	17,000
Derbyshire County	Council Christmas concert additional			grant					100	NIL
Derbyshire County	Council Administrator	reimbursement							NIL
Derbyshire County	Council reimbursement	for conductors'		training		courses				NIL
Derbyshire County	Council reimbursement	for expenses not categorised								250
HMRC Charities Gift Aid									3,212	4,830

						Detailed Statement ofFinancial	Activities
						for the Year Ended 31Au	t2021
								2021	2020
INCOME	AND	ENDO%'MENTS
Donations	and legacies
Donations								574	160
Grants &reimbursements					received			20,312	22,080
Membership subscriptions					received			6,636	16,987
Exam fees									843
								27,522	40,070
Other trading activities
Concerts								488	2,865
Tuck shop	refreshments								2,493
Raffle								308	399
Tres									109
								796	5,866
Investment	income
Deposit account		interest							90
Other income
Reeds and	strings								17
Other sales									607
									624
Total incoming		resources						28,324	46,650
EXPENDITURE
Raising donations			and legacies
Conducting	staff	costs						11,695	23,768
Music								600	339
Exam fees									843
Instrument	repairs								195
Concerts									655
Stage hands									110
Other concert costs									334
Hardship grants given									123
Transport &travel									320
T-Shirts									186
Store room	/ management			/	venue hire				824
								12,295	27,697
Other trading activities
Opening stock								89	380.
Carried forward								89	380

		North East Derb shi	re Music Centre Ltd
		Detailed Statement	fFinancial Activities
		for the Year Ended 31Au ust2 21
				2021	2020
Other trading activities
Brought forward				89	380
Tuck shop supplies					1,680
Closing stock					(89)
				89	1,971
Investment management		costs
Administrative expenses		.			31
Charitable activities
Administration salary				13,412	13,412
Rent Insurance				(330) 702	6,822 702
Utilities					889
Printing, stationery,	postage, phone and internet			723	1,064
Sundries				395	320
Photocopier costs				696	529
Course fees					300
Computer sofbvare				369
Depreciation ofhstruments				1,585	1,762
Computer equipment				68
				17,620	25,800
Support costs
Governance costs
Independent examiners		fees		1,497	1,215
Total resources expended				31,501	56,714
Net expenditure				(3,177)	(10,064)