REGISTERED cO.mP.N%' NUMBER: 07715544 (England and Walts) REGISTERED CHARtTY NLMBER: 1145059 UDay ted Fi ia t 2023 Hadfields Chartered Certtfled Accountants Commerce HOe 058B Chatsw(¥th Road Chesierfi¢ld tkrbyshire S40 3JZ
Conttts ofthe Finalat Strmellts for the Ye2T Ended 31 AsLO23 Rwn ofthe TTu$iees Indendent Examinerfs Rert Stsment of Finan¢i81 Acii¥ities Balance SI¢1 Notes to the Firlai Sthtements 6 to 11 Deuiled St*meni of Financial Aciiviiies 12 to 13
Nortb East entre n of the Tn]stees for the Y Ended 31 Au ILSL ?02 The tTUStee5 who are also directors of the charity for ihe pur of the Companies Aci 2, present their report with the fUnCle[ starements of the chariry tor the year ended 31 August 2023. The lrnstees have adopted th¢ pro%'ision5 of AcLouniing and Rep)rting by Charities.. StsL¢mer)i of Reconunended Prdr¢ice aN)lieable to charities preparing Uieir accounL8 in accordance wilh the Fiiianciai RertIng Stsndard appltcabl¢ it) the UK aDd Republic of Iteland IFRS 102) {¢tTeciive l January 2019). OWECTIVES AFID AcfJviTIFS Objecilves #nd aims T]ie objeciive of the Notth Easi tkTbyshirc Music Centre is lo promote the developleThI of musical educa¢ion for young p>ple across Nonh East tkrbyshtr¢ ond surrounding areas. ACHtEVENIENI T A PERFORMAIYCE Revie of Progre$s and Achiei'ements For the periiMI SepiLmber 20?? lo Au. OU 2023 the Centre has continucd to meet its objectives by providing o safe and S¢Lure cnvirunmeni for young people in North El Derbyshi thvelop MSIcal oppofflinities. Membership for the year h&s gv¢raged 113. Notable aaiviiies durit18 our op¢rating wiod were 2 seri&% of ChTi5tsn&fj concerts * the OutWO(Ml Academy. A summcr gala event f¢atured all 8roups perfom)ing in a celebTaiion of 50 years of NEDMC. Alumni sn]dents froin Ihroughoui il)e years returned lor a one otTrKrfomwK¢ with our senior studeEJ& Cornm¢nY)rauve Me[ddISC w&s purch&s¢d and w&$ on sale at Ihe event. Every student w&s issued a merchandise pack ofeach item. Once more we mainlained our hardthip fund to assi families in mtttins Centre subKripiion$ in cases of financial difficulties and the HMRC Gift Aid Scheme continues provide valuable additional in¢ome w the Cenrrt. The cxpcricn¢¢d Board of Directors ¢onttnues to miew finart4 Jx)IÈcLes and edureS to maintain aTh ¢tTicienl and safe Musie Centre. Trusiecs reco15e the coniinuing thain (m financi res¢ry¢s in 5UPPLKt its charithble acuvitie STRUCTL'RE GOVERNANCF. AND MAYI AGENIENT Governlng document Thc Ch] is controlled by its govemtng d(men[ a deed of tru& constitutcs a limid company, limited by guarantc¢. defined by the Companies Act 20(kn. REFV.REf4CE AfiD ADItThISTK4TIVE DETAILS Reg151ered Cornpany number 07715544 {England and Wales) Registered ChArity number 1145059 Reglstered office Coiiiiiier¢e House 658b Lhatsworth Road CIIcsicTtield tkrbyshire S40 3JZ Trustees S A Taylor J Brig¥s Ir¢s18n 31.8.2023) D J Rynott Mrs V A Holmes C J Wilmar5h MTS A K South PGee Page I
t Derb Mustc Re[ (If the Trustets foT the Ended 31 .4ugus.! ?023 REFb:RENCE AND ADMIYISTtL4TIVE DETAILS Independent F.xaminer Hadtields c.hartered Certified A¢ccwJntants Commerce House 658B ChaLqWOrth Road Chesierfield Derbyshire S40 3JZ Approved der of Ihe tM)ard of th&ees on 30 May 2024 and sign¢d on its behalf by.. D J Rynoii- Tntte Pa8e 2
the Tn£ shtie Music Centre Ltd orth E&%"i De Independent examiner's rep)rt io the trusttt5 of North Easi Derbysbire Music Centre {'the Comp&nv') I re[rt w the chatity trustees on my examUtion of the ac¢ouots of the CoD]pany for the ye4tellded 31 August 2023. Respon8lbilltle5 snd basts of report As thc charitys tnist¢¢s of thc Company {and alqth its drrectors for the purTXbSts of company lawl you are reswnsible for the preparation of tht accounts in accordance with the requirements of the Companies ACL 21K)61'the 2(6 Act'l. Having satisfied myself thar the accounts of the Company are noi rcquired to be audited under Part 16 of the 2)0 Act and 8r¢ eligible for indyndent exarnination, I r¢rrt)rt in respecr of my exarninaiion of your chan'ty's accounts as caTried ut under Seciion 145 of the Charities Act 2011 {'th¢ 2011 Act,). In carying oul my eKaminalion I have followed the Dtrections gii'en by the Chwiry Commission UTKler Section 145{5) {b) Of the 2011 Aci. Independeni examlner'5 $t%lement I Luinpleted Iny cxamination. l eonfinn th81 no matters have come to my attenuon in connection with the examinauon gLVin8 me cawe to believe: accouniing rttords were not kq)i in respeei of the Company as required by Seetion 386 of th¢ 2(Mkn Act. or the accoun. do thot accord with those reconls: or t])e aecounts do noi Comply with tlje accouniing requirements of Seciion 396 of the 21K16 Act othcr than any r¢qiiiTemenl thai the accounts 8iV¢ a tnK and fair view which is n¢rt a matter considered as part of an ind¢p¢ndcni exainiiialion., or the accounts have noi bttn prepared in ac¢ordw with the and principles of the Statement of Rvcommended PraLti¢e for accouniin8 and rewTrrting by charitics (applicable Lo clwi¢ies prcpaTing thcir #ccounts in accordance with the Fit)an¢ial ReportitL8 Standard appii¢able in the UK and Republic oclreland (FRS 102)). I have no concerns and have Come ¥rass no other nllerS in connecii¢)n willi the exaMIn10n whicli attention should be drawn in this rcp)n in order lo enabl¢ a prow und¢t¥¢aThJin8 of the accounts 10 be reached. C E Farnier kladfjelds Cliarner¢d Certified Aecounwits Cc?rtiincrce HousL 658B C.haLsworth Road Qhthtertield Derbyslii S40 3JZ 30 May 2024 Page 3
N rth Easi DerbJ%bLmlC_CClltre IAd Ststetnent ol-Financial Aciikiti¢s Year_ETMled 31 Au 2023 Unrestricted fund 2022 Totsl funds Noos INCOME AND ENDOWMEiYfs FROM t)onatiorL% arld legacies 40,036 37.502 Other trdding activities Investment income Other incon)e 2.202 28 368 499 291 Tot41 47,673 40,100 EXPENDITURE ON Raiiinbi fund> 31.498 26.093 Chiritable •cttvltles G¢n¢ral Ex[seS 31.662 25,090 Totgi 63.160 51,183 NET INCOMEIIEXPENDITLREI 115.487) (11,0831 RECONCILIA TION OF FUNDS Toul lundJ' bruu8hi lorWd Slk,gt12 62,065 TOTAL Tr"UNDSCARRIED TrORWARD 3S,495 .50,982 The notrs fom part of these financial statements Page 4
North Dettyshtre Music elltre Ltd Balance She 31Au st ?023 2023 Lnrestrfeied fund 2022 'l-oial funds Notes FIXF.D ASSETS Tangiblc asscts 11,982 13,430 CURRENT A8SETS Debtors Cash at bank 281 412&1 292 76.605 10 42J34 76.897 CREDITORS Amoiinls falling due within one year {19.O21) {39.3451 NET CURRENT A&SETS I31) 37.552 'I'o'rAI,.4%SF.'rs I,ESS CURRF.NT LIABILII'IES 35,495 50.982 ET A.SSETS 3&495 50,982 FUNDS unrL'btriL1 funds. 12 35,495 50,982 TOTAL FUNDS 35,495 50.982 The chariublc company is entI¢d to exemption from audit urvJ¢r Section 477 of the Cornpanics Aci 21M)6 for the year ended 31 August 2023. The inembers have no¢ required the company Ob1n an audit of its finan¢ial sents for the ye4r endcd 31 Augusi 2023 in accordan¢e with Section 476 tsf the Comwi¢s Aci 2. The twsiees acknowledge their resFA)nsibiliti&s for {al en.%uring that the charitable comwiy key acc4Xfftiing rec$ that ¢omply Seciions 386 and 387 of the Companies Act 2006 and prcparing finAncial 5talements which give a ttw and fair view of the stale of atTairs of ihe chariublc cotnpany &$ ai thc end of eacli financÈal yvdr and of its surplus ¢x deficit for eacli fin2nciJl year in accordance willi the reqiiirements of Sections 394 and 395 and which oth¢twise mplY with the requiremcnts of the Companies Act 2006 Tela(in8 to fLll8n¢1 sta*rnents. so far LS aliCable to the tharitsble Company. Ibl Th&%¢ financial staletncnLS have he¢n pNMred in aeajrdancc with thc provisions applicable to cliaritable coinpanies subject to the small companie5 re8ime. Tlie fitwncial statements were appmvcd by the Board of TnLStees and autlK1ri5ed for isgje on 30 May 2024 and wer Signed on its hall-bY.. D J Rynott- Ttusttt The now fomi w of these finatscia] swements Page 5
Nortb Derb ht Music Notes io the Finan¢ial Sfenients f itheYearEnded31 A ..851 ?023 ACCOU)TING POLICIES BAsi$ thf preparing the finncial Statements Tlie tinancial staiements ot the clri(able company. which is a tthlic benefit entity under FRS 102, have been preparcd in accordan¢c the ChaTitiL SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement ot- Recommended Praciicc atwlicable to ehariiies their ac£ounts in accordance with il)e Financial Reporting Stsndard applicable in the UK and R¢public of Ireland IFRS 1021 letreciive l January 20191,, Financial Resx)rtÈng Stsndard 102 lThe Financial R¢p)rting Stsndard applicable In the UK and Republic of Iieland, and the Con]pani¢s Act 21J(k6. The flnaneial ststements have be Prep wxler the 1115torical cost convention. Income All in¢onie is recOLsed in th¢ Sraiemeni of Frnartial Aaivities once the charity has enlÈtlem¢nt to the fiwds, it is probable that the income will be Tcl¥ed and the wnount can b¢ m¢wrd liablY. F.xpendlture LIlbIlItIeS are recognis•J as expenditure as as there is a lega] or co$trUCtive obligation committing the ¢1)ltY ¢0 thai expendiwrq li i) prvbable that a trdnsfer of cnmI¢ benefits. will be reqlliwd In Kttlcnknl and the aniouni ol'the oblibTation Can be MSured reliably. Expendi¢urc is aCcoUnd for on an arual% basis and h&$ been ¢lassifi¢d U[er heddin8s th81 aggrega all c1 relatrd lo th¢ category. Where thsts cannot bc dircctly ai(ributed ¢0 particular headings they have been allcad 10 aetiviiies on a b&sis consisteni with the usc of Tesourc¢b. I'#n%ihle fixed xsse¢$ I)LprecitiON is provided ai the foliowitt8 annual raw in order writt e4eh &SS¢L ov¢r its es(imated useful Instruments Computer equipm¢nt Ilf/o on reducin8 baLice 21f/• on cost Txailon The Charity 15 exempi from corpora¢iott on its ¢hariuble 1Ville$. Fund accountlng UnreslriLd funds can E¢ ed in accor with the charitable objectives at the discrrfion of the InL%lees. RctslriLied funds can only be wsed for particular rLsrriaed purpo wbthin the obJts of the charity. Reslrictions arise wli¢n Skx¢ifLcd by the Ik)nor or whcn funds ¢ raised for FLniaLlar rtstri¢ted Purpo. Further explan*ion of the nature and pyrpose of each fund is Éncluded in the ft0 to the fiftcial sthtements. OTHER TRADING ACTIVITIES 2023 2022 CoiiceTLs TILck shop r¢fTeS1unts Raftlc Tics 4.736 8} 1.294 17 1.652 550 2202 Pe6 corttirtued...
Nonh Easi Derb hire Music Centre L the Financial StaTements- coniinued for the Y&qr In 31 August ?0?3 INvEsTMF.T IYCOME 2023 2022 Dwsit account intercst 499 28 IIET INCOMEI{EXPENDITURE Net incomellexpenditurel is staled after chargin@{creditin8).' 2023 2022 Depreciation- asse 1.448 1,591 TRUSTEES, REMUNF.RATION AND BENEFITS Therc were no trusiees, rfmun¢Niot) or other E¢nefits fLY th¢ yw 31 Augusi 2023 rM)r for the y¢ar ended 31 Augusi 2022. Try$ttts' expenses Thcre were no trLL%te¢s' ¢xpcwes p8id for the year enthd 31 Au8USt 2023 nor for the ycar cnded 31 Augusi 2022. STAFF COSTS Adinini%liAtor& balarie* Coi)dueiors statl-¢osts The avera8e monthly number of S1rduring the year w&s as follows.. OtTice Administration Conductors. etc. 15 No ¢mployees recei•/ed emolumcnts in exc¢ss of £flJ,(KN). P28e 7 contliiued...
North Easi Detb shire Music Centre L N(Mes to the Finallcial Sthoments- continued for the Year_En.ded 31 .4ugust ?023 COMPARATIVFS FOR TIIF. STATF.METr4T OF FINANCIAL ACTIVITIES Unrestri¢trd fund IYCOIIF. .4NI D F.NDOWMENTS FROM Donations and le8aci¢s J7,502 Other trading aetiviti Investtneni income Other income 2.202 28 368 TotAI 40,100 E.XPENDITLRF. ON Raisin# funiLs 26.093 charlble aciivltles Qtenerai EX[Le5 25.090 Total 51.183 NET JNCOMEJ(EXPEF¥DITURE} {11,0831 RF.COYCII.IATIOY OF FUYDS Iiiial luTidJ brouglii fi)r%4ard 62,065 TOT AL FUTrqDS CARRlb.D FORWARD 50,98? TANCJIBLE FIXED A.88F.TS Conipuier equipmenl It)struments TOlS COST Al I September 2022 and 31 Au8Wt 2023 52,557 55,023 DEPRECIATION Al I SepteJiib¢r 2022 lnbtrutn7IS ¢har¥e for ye4r 39,715 1178 164 41,5Y3 1,448 At 31 Aus1 2023 2.042 4.1,041 ET BOOK VALUE At 31 Au8USt 2023 IlJ58 424 11,982 At 31 August 2022 12,842 588 13,430 Page 8 toniinkned...
North Easi tkrb Music CetityoLid to the Financial S.L2tements- contin for th Y Ended 31 Au st ?023 DF.BTORS: AMOUNTS FALLING DL.E M'ITHIN ONE YE.4R 2023 2022 Prepaytncnts 281 292 10. CASH AI. BAPIK 21123 Total 2022 Total ruiids Bank account no. l - Ltd Bank account no. 2- Ltd Bank deposit account- L 3.161 567 3&525 8,823 756 67,026 Totsl 42,253 76.605 CREDITORS: AMouf*TS FALLINC DUE WITHIN ONE YEAR 1023 2n22 Social seeurity and other taxes A¥crued exnseS Deferred government 8Tants 233 .7.17 17.OiKI 34.nno 19,021 J9,345 12. MOVEMENT IN FUYDS Net movcnicnt in funds At 3118123 Ai IN)122 Lnrestrieted funds ¢nLL?I liind ,982 (15.487) 35,495 TOTAL Tr UNDS 511,982 (15.487) Nci movement in fund5. inclth in the alKJve are as follows: In¢omirt8 ResouTCCS resources expendcd Movement in ndS Ilnrestricted funds General fund 47,673 (63.160) {15,487) TOTAL FUYI DS 47,673 {63,160) 115A87) Page 9 continued...
North East tkrb shire Music Cen Notes to the Financial Statements- coniinued for the Year Ended 31 Augusi 20J? 12. MOVEMEP4T IN FUNDS-continued Compar#iives for movement in funds Net niuvemenl in funds At 3118122 At 119121 Unrestricted futtds GenLral nd 62.1)65 {11.0831 50.982 TOTAL FUNDS 62,065 (11.0831 5a,982 Comparative net movemeni in fur included in the above are as follows.. Incomift8 Resol¢¢$ expended Movcment in ThdS Uiirestrlcted funds (iLn¥rdl lund 40.1 {51.183) TiwfAL FUNDS 40.1 {51.1831 {11.0831 A eurrent year 12 months and prior y¢ar 12 months ¢ombir*d position is &s follows: Net movemen¢ in timds Ai 3118123 At 119r21 Unresirleted funds General futwj 62.(K)5 {26.570) 35,495 T(yfAL FUNDS 62.(KTr5 {26,570) 35.495 A Cuent y¢ar 12 montb and Prior y¢ar 12 nv)nths Coll10td net movement in funds. included in th¢ aiK)vc a s follows.. lrt¢omin8 resources expended Movement in hjnd Unrestricted funds General lund 87.773 (114.343) (26,570) TOTAL FUNDS 87.773 (114,343) {26,570) Page 10 continued...
North East Music Celltre I Notes to the Financial stMents- QLuou¢4 Yrar Ended 31 Au 13. RF.I.ATED PARTY DISCLOSURES There were Tto relatcd party transacrions for the year0d 31 Au8USt 2023. 14. GRANTS AND RF.IMBURSEMF.NTS RECEIVED During the ye4r. North Derbyshire Music C¢ntr¢ Ltd received grants, reimbursernents and gift aid &s follows: 20 2022 Lkrt)yshire County CIHuKil Grani 17,0(M) 17,000 Detyshire C(Mmty Council reimbursement feXpenSeS rKM ¢ategoriwJ 2,(J)O Derbyshire cnty Council Administrator reimbursen NIL NIL Old Cestrefeldian, 300 NIL Arnold Clark Grant Nll. HMRC Charities Gift Aid U82 1,545 Pagell
North Easi ire Mu Detsiled S(atement ofFinat)¢ial ActiNities for ¢he Yedr Ended 31 Augusi ?OJ? 2023 2022 INCOME AND EYDOWMEiYrs Donations and legAei Donations Cifdnts & reimbursements receivcd Membership sub%n'piions receiycd 1,680 22,142 16214 21.545 15.957 411,1136 37.502 Oiher trAding 8ctiiryties Coneerts Tuek shop refreshmen Raffl¢ Ties 4,736 1,652 1.294 17 550 6147 2,202 Investment Incom¢ Dew511 account interest 499 28 Other Income Other SIc5 291 368 Tot41 Ineomln% resourc 47,67.1 40,1( EXPENDI'I'URE RAlJln% donAilon$ 4nd leg*eles Conducting SMtTeos 27.058 467 1197 24.0.16 763 Other Concert ¢(KSts Har&%hip granL% 8iven T.Shifts Store room I mana8cmeni I venue hire 123 261 910 iJ83 31,105 26.093 Qther tr4din% aeiivlrf Tuck shop suppli 393 Charltable Artlvltles Adminisira¢ion salary Rcnt Insyrance 15,948 7.657 855 892 864 13.995 3,822 737 504 984 300 307 2U,649 Priniing. siattonery. p(6t8ge. phone and inLQI)et PO Box fees Sundries Carricd fotivard 1.255 27,471 I'his page does not fom) w of the statutory fIrClaI statements Page l2
ire Music
Detailed SLqtenient of FinanLia] A¢ti&ilii 20J?
2023
2022
Chgrltable acti?tIeS
BroughT forward
Photocopier cos15
Conipuier sofnvare
tkprttiaiion of tnsrnments
Conipuler equipmeni
27871
736
437
1,284
164
20.649
1.154
173
1,427
30,092
23,567
Support costs
Gov¢rnonce costs
Independeni examiners fee5
,570
1,523
Total resources expended
63.160
51.183
Nei expendlturt
{IS4871
{11.0831
This page does not fom) Irt of the sraLUW financial Sts*wn¢llts
Pa8c 13