REGISTERED COMPANY NUMBER: 07715544 (England and Wales) REGISTERED CHAJirrY NUMBER: 1145059 Re ort of the Trustees and Unaudited Financial Statements for the Pei'iod I Se tember 2023 to 7 December 2 24 North East Derb shite Music Centtt Ltd Hadfields Chaitered Certified Accountants Coininerce House 658B Chatsworth Road Chesterfield Derbyshire S40 3JZ
North Fast Derb hire Music Centre Ltd rt of the Trustees leinb¢'T 2023 to 7 tkcember 2024 for the Period I Se The tr'ustees who are also directors of the charity for the pury)oses of the Companies Act 2006, present their irport with the financial statenients of the charity for the period I September 2023 to 7 December 2024. The trustees have adopted the pYovisioi)s of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to cl)arities pi'eparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and Aim5 The objective of the Noitth East Derbyshll'e Music Cenlre Ltd is to promote the development of musical education foi. young people aci.oss North East Derbyshire and surroiinding areas. ACHJCVEMEI NT AND PERFORMANCE Revieiv of Progre*% and Achievements For the period September 2023 to Decetnber 2024 the Centre has eontinu¢d to meet its objectives by providing a safe }d secuie environinenl fot. young people in North East Derbyshii'e to develop their Iiiusical opportunilies. Meinbej'sliip foi. the year has averaged 11 S (First Temi.. September to Deceinber 2023 was 99).. As was recognised iii the Irpoil of accounts ending 3 1st August 2023, the tl'U51ees continued to diligently Inanage the ongoing drain on fanCIal i'eserves. Following oui- rst terni of operating (September to December 2024), the Trustees were forced to make the difficult decision that in conÉinuing oui. activities, the organisation would no longer be fu)ancially viable. The organisation ¢eased to trade from the 3 1st December 2023. The organisation's reiiiaining assets liave been distributed to other local charitable OiEanisations with siinilar chai'itable objectives. The donations wei'e as follows; Assets doiiated Market Value Recipienl Cash in Bank Pi'ofessional Recorders PercLiSSiOli and oiher Instruments Music Lib17ry Higli Value Instniments £15,621 £4.228 £55,024 £98,650 £142,750 CNEDMC Dee Hatyis ConsoitlLim Cestrefeld CNEDMC CNEDMC Derbysliiir County Council STRUCTURE, GOVERNANCE AND MANAGEMENT Goveriilng documeiil The chai-ity is coiitrolled by its goveniing document, a deed of trust, and coiistitutes a liiiiited company. liinited by guarantee, as defined by the Coinpanies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered CompAny number 07715544 (England and Wales) Reglstered Cha)'ity number 1145059 Page I
North East Derb hi Music Centre Ltd Re ort of the TrStees for the Period I Se lember 2023 to 7 December 2024 Registered office Con]mei"ce House 658b Chatsworlh Road Che51erfield Dei'byshire S40 3JZ Ti'ustees S A Tayloi" D J Rynolt Mrs V A Holnies C J Wilinai'sh Mrs A l< South PGee Independeiit Examiller Hadfields Chai'lei'ed cei1ified Accountants Coiniiiei'ce House 658B Chalsworth Road Chesterfield Dei'byshu'e S40 3JZ CESSATION OF TRADING The Chai'itable conipany ceased activities on 31 December 2023. Approved by ol'der of the board of twstees on ..29... Hdet14 2025.. and signed on its behalf by., DJR Trustee Page 2
Inde endent Examinei's Re ort to the Trustees of North East Derb shire Music Centre Ltd Indepeiident examiner's report to Ihe trustees of North Easl Derbyshire Music Centre Ltd ('the Company,) I ieport to the chaiity Iruslees on my examination of Ihe accounts of the Coinpany for the period I Septeinber 2023 to 7 December 2024. Responsibilities and basis of report As the chai'ily's trustees of the Company (and also its directors for the purposes of coinpany law) you are responsible foL' the pi'epgl'atioii of the accoiLnts in accoiQance with the requirements of the Compaiiies Act 2006 ('Ihe 2006 Act,). 14aving satisfied myself that the accounts of the Coinpany are not required to be audited under Pari 16 of the 2006 Act and al'e eligible for independent exainination, l Tepoit in respect of Iny exainination of your charity's accounts as can'ied out undei. Section 145 of the Charities Act 2011 ('the 2011 Act.). In canying out iiiy exainination I have followed the Dii'ections given by the Charity Cominission under Section 145(5) (b) of tlie 201 l Act. llldependent examiiiei s statement I liave coiiipleted my exainination. I confirm that no matters have come to my attention in connection with the examination giving iiie cause to believe: accounting records were not kept in respecl of the Company as required by Seclion 386 of the 2006 Act. oi. the accounts do not accord wtth those records. or the accoiints do not comply with the accounting requireinenls of Seclion 396 of the 2006 Act other than any I'eqiiii'emenl that the a¢¢ounts give a true and fair view which is not a matter considered as pait of an independent exatnination; or the accounts have not been prepared in accordance with the methods and pi'inciples of the Stateiiient of Recommended Pi?ctice for accounting and reporting by chai'ities (applicable lo ch8rities preparing their accounts in accordaiice with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no conceins and have come across no other Malle in Connection with the examiiiation to which attention should be dramm in this report in order to enable a proper iinderstanding of the accounts to be reached. C E Farniei. Hadfields Chai'tered Certified Accoiintants Coinmei'ce Hoiise 658B Chalswoi'lh Road Cliestei-fjeld Dei'byshire S40 3JZ Date: Page 3
North East DeTb shiFe Music Centre Ltd Statetnent of Financial Activities for the Period I Se tember 2023 to 7 December 2024 Pei'iod 119123 to 7112124 Unrestricted fulld Year Ended 3118123 Total nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 25,614 40,036 Other trading activities Investtnenl ii)coine Other incoine 2,019 439 20 6,847 499 291 Total 28,092 47,673 EXPENDITURE ON Raising funds 323,98S 31,498 ChAI'itable ietivltles General Expenses (260,398) 31,662 Total 63,587 63,160 NET INCOMEI(EXPENDITURE) (35,495) (15,487) REI CONCILIATION OF FUNDS Total ndS broiight fonvard 35,49S 50,982 TOTAL FUNDS CARRIED FORWARD 35,495 The notes fonn part of these fJnancÈal statements Page 4
Noitli East Derb shire Music Centre Ltd Balance Sheet 7 December 2024 2024 Unrestri¢ted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 11,982 CURRENT ASSETS Debtors Cash at bank 281 42,253 io 42,534 CRbDI'I'OKS Ainounls falling due within one year (19,021) NET CURRENT ASSETS 23,513 TOTAL ASSCt TS LESS CURRENT LIABILITIES 35,495 NET ASSETS 35,495 FUNDS Ui)reslYicted funds 12 35,495 TOTAL FUNDS 35,495 The charitable coinpany is entitled to exemption froin audit under Section 477: of the Companies Act 2006 foi. the period ended 7 Deceinbei. 2024. The inembeis have not iequired the coinpany to obtain an audit of its financial stateinents foi. the pei'iod ended 7 December 2024 iti accoi'dance with Section 476 of the Coinpanies Act 2006. The ts'ustees acknowledge their responsibilities for (a) ensiiring Ihat the cliaritable company keeps aOUnting records that comply with Sections 386 and 387 of the Coinpanies Act 2006 and piepai-ing fii)aiicial slateiiients which give 8 true ai)d fair view of the state of affai of tlie charitable coinpaiiy as at the end oleach financial year and of its surplus or defi¢il for ¢ach financtal year in accoi'dance with tlle reqiiii'einents of Sections 394 aiid 395 and which othen¥ise comply with the i'equirements of the Companies Act 2006 l'elaliiig to financial staten]ents, so far as applicable to the charitable company. (b) The notes fonn part of th financial stateiiients Page 5 continued...
North East Derb shire Music Centre Ltd Balance Sheet - continued 7 December 2024 These financial slalements have been prepared in accordance with the provisions applicable to charitable companies subject lo the sinall companies irgime. The finaiicial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. Ti'ustee The notes forni pait of these financial stateinents Page 6
North East Derb shire Music Centre Ltd Notes to the Financial Statements ft)r the Period I Se tember 2023 to 7 December 2024 ACCOUNTING POLICIES Basls of preparing the financiY41 slalements The financial statements of the charitable company, which is a public benefit entlty iEnder FRS 102, have been prepatEd in accoi'dance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pi'eparing their accounts in accordance with the Financial Reporting Slandai'd applicable in tl)e UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019),, Financial Repoiting Standard 102 'The Ftnancial Reporting Standard applicable in the UK and Republic of Ireland, and tlie Conipanies Acl 2006. The fEnancial stateinents have been Prepared under the historical cosl convention. liicome All income is recognised in the Statement of Fin8ncial Activities once Ihe charity has entitlement to the nds, it is pi'obable that tlle incotne will be received and the amount can be Ineasured reliably, Expendilui'e Liabililics are recognised as expenditure as soon 85 ihere is a legal or constructive obligation cominitting the chai-ity to that expenditure, it is piDbable that a tiinsftr of economic benefits will be requiiEd in settlement and the amoiint of the obligation can be nieasurcd reliably. Expenditure is accounted for on an acciuals basis and has been classified undei. headiiigs that aggregate all cost related to the categoiy. Wheir costs caiinot be directly attributed to parti¢ulai' headings they have been allocated to activities on a basis consistent with Ihe use of resoui'ces. Tingible fixed assets Depi'eciation is pi'ovided at the following ai)nual rates in order to write off each asset over its estimated useful life, Insliwments Coinputei. equipment 10 % on rediicing balance 200/0 on cost Taxation The charity is exempt from rory)oration tax on its chai'ilable activities. Fund accounling Unrestricted funds can be used in accordance with the charitable objectives at the discietion of the tsvstees. Restri¢ted funds can only be used for particular restricted pun)os¢s wilhin the objects of tlie cliarity. Restrictions ai'ise when specified by the donor or when funds are raised for particular restricted purposes. Furthei. explanation of the nature and purpose of each fund is included in ihe notes to the finai)cial statements. OTHER TRADING ACTtVlTIES Pej'iod 119123 Yeai. Elided 3118123 7112124 Conceits Tuck shop refreshnienls Raffle Ties 1,497 224 298 4,736 800 ,294 17 2,019 6,847 Page 7 continued...
North East Derb htre Music Centre Ltd Notes to the Financial Statemenls - continued for the Period I Se tember 2023 to 7 DecLmber 2024 INVESTMENT INCOME Pei'hod 119123 to 7112124 Year Ended 3118123 Deposit account intei'est 439 499 NET INCOMEI(EXPENDITURE) Net incomel(expendituii) is slated after ch8rgingl(¢rediting)- Perlod 119123 Yeai. Ended 3118/23 71] 2124 Depirciation - owned assels Suiylus on disposal of fixed assets 1,650 (290,320) 1,448 TRUSTEESI REMUNCI RATION AND BENEFITS Th¢r¢ were no trustees, remuneration or other benefits for the period ended 7 Deceinber 2024 nor for the yeai. ended 31 August 2023. Trustees, expcnses Their were no 31 August 2023. trustees, expenses paid for the period ended 7 Deceinber 2024 noi. for the year ended STAFF COSTS AdminislratOlB salaries Conductors staff costs 15,948 27,057 43,005 Tlie average monthly number of slaff durlng Ihe year was as follows: otrice Adininistt'ation Conductors, etc. 13 15 No employees IEceived einoliunenls Èn excess of £60,000. Page 8 continued...
North East Derb Music Centre Ltd Notes to the Fknancial Statements - continued frir the Period I Se tetnbL'r 2023 10 7 December 2024 STAFF COSTS- eontinued COMPARATIVES FOR THE ST ATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND F.NDOWMENTS FROM Doiiations and legaci¢s 40,036 Other trading activities Investineiit income Other incoine 6,847 499 291 Total 47,673 EXPEI NDITURE ON Raising funds 31,498 Charltable actlvltles General Expenses 31.662 Total 63,160 NET INCOMEI(EXPENDITURE) (15,487) RC4 CONCILIATION OF FUNDS Total fiiiids brought foi'ward 50,982 TOTAL FUNDS CARRI KD FORWARD 35,495 Page 9 contiiiued...
Noith East Derb shire Music Centre Ltd Notes lo the Financial Statements - continued ftbr the Period I Se teinber 2023 to 7 December 2024 TANGIBLE FIXED ASSETS Coinputer equipinent InsInents Totals COST At I Septeinber 2023 Disposals 52,557 (52,557) 2,466 (2,466) 55,023 (S5,023) At 7 December 2024 DEPRECIATION Al I September 2023 Insh'uineiil% charge for year Eliininated on disposal 40,999 1,445 (42,444) 2,042 205 (2,247) 43,041 1,650 {44,091) At 7 December 2024 NET BOOK VALUE At 7 Decembei" 2024 At 31 August 2023 1,558 424 11,982 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 281 io. CASH AT BANK ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 PA YE, Nl and Pension contributions Accrued expenses Defen'ed governinenl 8Tants 284 1,737 17,000 19,021 Page 10 continiied...
North East Derb shire Music Centre Ltd Notes to the Financial Statements - coiitinu for the Period L Se tcmb¢r 2023 to 7 December 2024 12, MOVEMEIYT IN FUNDS Net movement in funds At 7112124 At 119123 Uni'e5lrl¢ted funds Genei?I fund 35,495 (35,495) TOTAL FUNDS 35,495 (35,495) Net Inovement in nds, included in the above are as follows: Incoining resources Resoiirces expended Movement in funds Uiii'estj'ieted funds Genei"al fund 28,092 (63,587) (35,495) TOTAL FUNDS 28.092 (63,587) {3S,495) Comparatives for movemeiit In funds Net Inovenient in fiinds At 3118123 At 119122 UniTstrlcted fuiids Geneiil fund 50,982 (15,487) 35,495 TOTAL FUIYDS 50,982 (15.487) 35,495 Cornpai'alive net Inovement in fiinds. included in the above are as follows.. Incoming resoui'ces Resources expended Movenient iti ftinds Unrestrlcted fuiids General fiind 47.673 (63.160) (15,487) TOTAL FUNDS 47,673 {63,160) (15,487) Pagell continued...
North East Derb shire Miisic Centre Ltd Notes to the Financial Stateinents - continued for the Pej'iod I Se teinber 2023 to 7 Decembei" 2024 13. EMPLOYEE BENEFIT OBLIGATIONS 14. RELATED PARTY DISCLOSURES There were no related party transactions for tl]e period ended 7 December 2024. 15. GRANTS AND REIMBURSEMENTS RECEIVED Dw'ing the yeai", North East Deibyshiir Music Centre Ltd received grants. reiinbursements and gift aid as follows: 2024 2023 Derbyshire Coiinty Council Grant 17,000 17,000 Derbyshire County Coiincil reimburseinent for expenses not calegorised NIL 2,460 Derbysliire County Council Administrator reImbUeMenI NIL NIL Old Cestrefeldian's NIL 300 Arnold Clai'k Grant NIL NIL HMRC Charities Gift Aid 3,830 2,382 Page 12
North East Derb shire Music Centre Ltd Detailed Statement of Financial Activities for the Period I Se lember 2023 10 7 December 2024 Period 119123 to Yeai. Cn 3118123 dei 7112r24 INCOME AIYD ENDOWMENTS Donations and legacies Donations Gi'ants & reimbursenients received Meinbership subscriptions received 1,680 22.142 16,214 20,830 4,784 25,614 40,036 Otlier li'adlng activities Coi)cetts TLick shop refi'eshinenls Raffle Ties 1,497 224 298 4,736 800 1,294 17 2,019 6,847 Inv¢slment Income Deposit account inteiest 439 499 Other illcome Other sales 20 291 Tot81 incoming resources 28,092 47,673 I XPENDITURE RAlsing doiiations aiid legw¢les Condiicting staff costs Music Otlier concert costs Stol'e rooin I management I veniie hi 7,160 56 27,058 467 2,197 1,383 380 7,712 31,105 Other ti'adliig actRViti Tuck shop supplies Donations 393 316,273 316,273 393 Chai'itable a¢llvlti¢s Administralion salary caii.ied fonvard 13.878 13,878 15,948 15,948 This page do not forni part of the statutory financial stateiknents Page E3
North East Derb hire m81C Centre Ltd Detailed Statement of Financial Activities for the Period I Se leinber 2023 to 7 Deccmber 2024 Period 119123 Ycar En dei 71E2124 3118123 Charltable activitl¢s Bi'oiight forwai-d Rent Insurance Utilities Prinliiig, stationeiy• Postage, phone and internet Sundries Pliotocopier costs Coniputer sollware Depi'ecialion of insti'uments Coinputei. equipinent Loss on sale of tangible fixed assets 13,878 8,991 1,126 19 382 819 1,434 15,948 7,657 855 892 864 1,255 736 437 ,284 164 1,445 205 (290,320) {262,021) 30,092 Support costs Governance costs Independeiil examinei's fees 1,623 ,570 Total resources expended 63,587 63,160 Net expenditure (3S,495) (15,487) This page doe5 not form part of the statutory financial Staents Page 14
North East Derb ire Music Centre Ltd Contents of the Financial Statnents for the Pei-iod I Se tenibei. 2023 to 7 December 2024 Page Report of the Trustees Independent Examinevs Report Statement of Financial Aclivilies Balanc¢ Sheet Noles to the Financial Statements 7 to 12 Detailed Statement of Financial Activities 13 to 14