2021-08-31-accounts

				Page
Reference and Administrative			Details ofthe Charity, its Trustees and Advisers	1-2
Trustees' Report				3-20
Independent	Auditor's	Report	on the Financial Statements	21-23
Consolidated	Statement	of Financial Activities		24
Consolidated	Balance Sheet			25-26
Charity Balance Sheet				27-28
Consolidated	Statement	ofCash Flows		29
Notes to the	Financial Statements			30-56

Trustees				Mrs Joan Kirkbride,	Mrs Joan Kirkbride,	Chairmani
				Dr Jamie Clarke
				Cllr Alison Eastwood		(appointed	23 September	2021)
				Mrs Georgina Fordham
				Mr Clive Greshami
				Mr Roger Griffiths
				Cllr Dudley Hughes
				Mr lain Massey
				Mrs Renuka Popat
				Mr Trevor Shipmanl
				Mrs Morcea Walker
				Northamptonshire	County Council (appointment			terminated	23 September 2021)
				'
				Members ofthe	Finance Committee
Company	registered
number				07738151
Charity registered
number				1145643
Registered		office		125-129Kettering	Road
				Northampton
				Northampton shire
				NN1 4AZ
Senior management			team	Peter Smalley, Chief		Executive
				Rachel Coles
				Anna Denny
				Chris Hiscock
				Andy Kirkwood
				Mark Malitskie
				Richard Roper
Company	secretary			Mark Malitskie
Chief executive officer				Peter Smalley
Independent		auditor		MHA Maclntyre Hudson
				Chartered Accountants
				Peterbridge House
				The Lakes
				Noithampton
				NN4 7HB
Bankers				Lloyds Bank PLC
				2 George Row
				Northampton
				NN1 1DJ

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note		E	E	F
Income from:
Donations and legacies					24,910	24,910	27,939
Charitable activities				2,309,721	2,182,548	4,492,269	4,557,496
Other trading activities					44,964	44,964	75,470
Investments					1,288	1,288	5,870
Total income				2,309,721	2,253,710	4,563,431	4,666,775
Expenditure on:
Raising funds			7		28,340	28,340	50,754
Charitable activities			8	2,394,380	1,857,432	4,251,812	4,702,353
Total expenditure				2,394,380	1,885,772	4,280,152	4,753,107
Net movement in funds before other
recognised gains				(84,659)	367,938	283,279	(86,332)
Other recognised gains:
Actuarial gains on defined		benefit
pension schemes			21	37,000		37,000	31,000
Net movement in funds				(47,659)	367,938	320,279	(55,332)
Reconciliation offunds:
Total funds brought	forward			695,825	1,137,709	1,833,534	1,888,866
Net movement in funds				(47,659)	367,938	320,279	(55,332)
Total funds carried	forward			648,166	1,505,647	2,153,813	1,833,534

				Note	2021f	2020 E
Cash flows from operating	activities
Net cash used in operating	activities			18	425,854	(152,948)
Cash flows from investing	activities
Dividends, interests and rents from investments					1,288	4,870
Net cash provided by investing activities					1,288	4,870
Cash flows from financing	activities
Change in cash and cash	equivalents	in	the year		427,142	(148,078)
Cash and cash equivalents	at the beginning		ofthe year		1,525,887	1,673,965
Cash and cash equivalents	at the end	of	the year	19	1,953,029	1,525,887

Freehold property	- 50years
Property improvements	- 20years
Fixture and fittings	- 5years
Music equipment	- 4to 10years
Computer equipment	- 3years

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		f.	E
Gifts and donations		24,910	24,910	27,939
Income from donations	and legacies - prior year

			Unrestricted	Total	Total
			funds	funds	funds
			2020f	2020 f.	2019
Gifts	and	donations	27,939	27,939	48,164

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
				f.	F	E
Music tuition				2,013,228	2,013,228	2,161,645
Grant income from Arts Council			1,119,008		1,119,008	1,117,987
Cultural Recovery	Fund		266,858	97,549	364,407
Courses				1,870	1,870	71,410
Tours						26,531
Examination fees				19,581	19,581	50,607
Gift aid income				50,320	50,320	82,382
Grant income from the Industrious		Project	94,921		94,921	57,609
Grant income from the Gordon Robinson
Memorial Trust			29,080		29,080	32,540
Other grant income			750,800		750,800	921,695
Music production	grant		49,054		49,054	35,090
Total 2021			2,309,721	2,182,548	4,492,269	4,557,496
Total 2020			2,076,712	2,480,784	4,557,496

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2020	2020	2020	2019
				E	F
Music tuition				2,161,645	2,161,645	3,328,711
Grant income from Arts Council			1,117,987		1,117,987	1,115,001
Courses				71,410	71,410	82,780
TOUIS				26,531	26,531	66,892
Examination	fees			50,607	50,607	106,513
Gift aid income				82,382	82,382	126,795
Grant income from Youth Music				57,609	57,609	52,173
Grant income from the Gordon Robinson
Memorial	Trust		32,540		32,540	103,540
Other grant	income		891,095	30,600	921,695	11,040
Music production		grant	35,090		35,090
Total 2020			2,076,712	2,480,784	4,557,496	4,993,445
Total 2019			1,218,541	3,774,904	4,993,445

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021f	2020 E
Concerts, coaches	and CDs		6,375	6,375	28,682
Other project income			4,467	4,467
Conference					1,820
Miscellaneous income			1,088	1,088	1,298
Lettings income			6,700	6,700	12,325
Musical instrument	repair		3,984	3,984	5,780
Software sales			22,350	22,350	25,565
Total 2021			44,964	44,964	75,470
Total 2020			75,470	75,470
Income from fundraising		events - prior year

			Unrestricted	Total	Total
			funds	funds	funds
			2020f	2020 f.	2019
Concerts, coaches		and CDs	28,682	28,682	87,917
Conference			1,820	1,820	5,644
Miscellaneous	income		1,298	1,298	1,369
Lettings income			12,325	12,325	14,615
Musical instrument		repair	5,780	5,780	15,326
Software sales			25,565	25,565	18,325
Total 2020			75,470	75,470	143,196
Total 2019			143,196	143,196

Grants
							2021	2020
The Group recognises		financial assistance			from	various funders as
follows:
Arts Council England,	National			Lottery Project	Grant			14,540
BBCChildren in Need							9,840	11,875
British and Foreign School Society							12,740
Constance Travis Charitable			Trust				50,000	50,000
David Laing Foundation							1,000	200
Kirby Laing Foundation								5,000
Debbie Smith								1,571
D'Oyly Carte							4,000	3,300
Friends of Northamptonshire			Music and Performing			Arts Trust		3,792
Kettering and District Eisteddfod							4,786
Local Giving							4,038	4,996
N. Clube							1,000
Northampton Borough	Council							25,000
Other Donations							6,663	19,549
Rotary West								1,200
SirAndrew Martin Trust							1,000
Spirit of2012 - Carers	project							13,470
The Chartered Accountants			Livery Charity				3,000
The Frederick and Phyllis		Cann		Trust				5,000
The Gordon Robinson	Memorial			Trust			29,080	31,340
Virgin Money Giving							1,143	3,741
Youth Music							34,298	41,158
Accounting adjustments		8 deferrals					35,377	(29,494)
							197,965	206,238

	Unrestricted	Total	Total
	funds	funds	funds
	2021f	2021	2020 F
Concerts, coaches and CDs	382	382	23,217
Conference	250	250	2,117
Miscellaneous	27,708	27,708	25,420
	28,340	28,340	50,754

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
				E		E	E
FRS 102pension	cost			37,000		37,000	32,000
Music centre expenditure					24,286	24,286	138,548
Recruitment and	other	staff costs			19,772	19,772	22,415
Rates and water					4,966	4,966	6,950
Light and heat					15,395	15,395	15,928
Repairs and maintenance					23,410	23,410	40,391
Insurance					22,296	22,296	20,310
Cleaning					2,861	2,861	2,854
Legal and professional		fees			37,888	37,888	46,049
Telephone					4,133	4,133	2,453
Postage and stationery					14,963	14,963	21,822
Licences and subscriptions					3,943	3,943	7,069
Bank and card charges					11,272	11,272	14,610
Equality, Diversity	and Inclusion				2,400	2,400
Sundry expenses					3,131	3 131	13,602
Marketing and advertising			costs				4,800
Youth Music activity				79,243		79,243	100,673
Music Production	expenditure			13,335		13,335
Gordon Robinson	funded		activity	29,080		29,080	32,540
OHMI Project					5,000	5,000
Cultural Recovery	Fund			205,707		205,707
Instrument purchases				348	6,328	6,676	20,479
Wages and salaries				2,004,540	1,063,191	3,067,731	3,448,909
National insurance					216,815	216,815	231,716
Pension cost					375,382	375,382	453,225
Depreciation				25,127		25,127	25,010
Total 2021				2,394,380	1,857,432	4,251,812	4,702,353
Total 2020				2,115,539	2,586,814	4,702,353

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2020	2020	2020	2019
					E		E
	FRS 102 pension cost			32,000		32,000	17,000
	Music centre expenditure				138,548	138,548	171,291
	Recruitment and other	staff costs			22,415	22,415	30,902
	Rates and water				6,950	6,950	6,676
	Light and heat				15,928	15,928	18,513
	Repairs and maintenance				40,391	40„391	121,734
	Insurance				20,310	20,310	21,460
	Cleaning				2,854	2,854	2,099
	Legal and professional	fees			46,049	46,049	36,322
	Telephone				2,453	2,453	2,968
	Postage and stationery				21,822	21,822	27,791
	Licences and subscriptions			4,088	2,981	7,069	3,555
	Bank and card charges				14,610	14,610	17,634
	Sundry expenses				13,602	13,602	16,786
	Marketing and advertising		costs		4,800	4,800	1,774
	Youth Music activity			17,361	83,312	100,673	59,741
	Gordon Robinson funded		activity	32,540		32,540	103,540
	Instrument purchases				20,479	20,479	26,614
	Wages and salaries			1,697,552	1,751,357	3,448,909	3,655,935
	National insurance			114,051	117,665	231,716	268,482
	Pension cost			192,937	260,288	453,225	487,773
	Depreciation			25,010		25,010	25,010
	Total 2020			2,115,539	2,586,814	4,702,353	5,123,600
	Total 2019			1,261,210	3,862,390	5,123,600
9.	Auditor's remuneration

Auditor's remuneration
			2021	2020
Fees payable to the Charity's	auditor for the audit ofthe Charity's	annual
accounts			12,000	12,000

		Group	Group	Charity	Charity
		2021	2020	2021	2020
Wages	and salaries	3,067,731	3,448,909	3,067,731	3,448,909
National	insurance	216,815	231,716	216,815	231,716
Pension	costs	412,382	485,225	412,382	485,225
		3,696,928	4,165,850	3,696,928	4,165,850

	Group	Group
	2021	2020
	No.	No.
Teachers	110	118
Administration	12	12
Support	3	3
	125	133

Group	Group
2021	2020
No.	No.

			Fixtures
	Freehold	Property	and	Music	Computer
	property	improvements	fittings f	equipment	equipment E	Total
Cost or valuation
At 1 September 2020	495,000	93,306	6,270	325,028	3,360	922,964
At 31August 2021	495,000	93,306	6,270	325,028	3,360	922,964
Depreciation
At 1 September 2020	69,300	26,562	6,270	301„903	3,360	407,395
Charge for the year	9,900	4,666		10,561		25,127
At 31August 2021	79,200	31,228	6,270	312,464	3,360	432,522
Net book value
At 31August 2021	415,800	62,078		12,564		490,442
At 31 August 2020	425,700	66,744		23,125		515,569

		Group	Group	Charity	Charity
		2021	2020	2021	2020
		E		E
Due within one year
Trade debtors		42,648	14,404	42,648	14,404
Amounts owed by group undertakings				33,263
Prepayments	and accrued income	442,006	373,439	442,006	360,449
		484,654	387,843	517,917	374,853

		Group	Group	Charity	Charity
		2021	2020	2021	2020
				f.
Trade creditors		19,909		19,909
Other taxation and social security		61,480	50,503	61,480	50,503
Other creditors		11,421	80,471	11,421	80,471
Accruals and deferred	income	681,502	464,791	680,752	464,041
		774,312	595,765	773,562	595,015

Statement of	funds
Statement of	funds - current	year
	Balance at 1					Balance at
	September			Transfers	Gains/	31August
	2020f	Income f	Expenditure	in/out f	(Losses) f	2021 f
Unrestricted
funds
Designated
funds
Instrument
purchase	71,957	3,984	(1,032)			74,909
Building
maintenance	445,913		(624)			445,289
Re-stimulation
fund				260,000		260,000
	517,870	3,984	(1,656)	260,000		780,198
General funds
General fund	619,839	2,249,726	(1,884,116)	(260,000)		725,449
Total
Unrestricted
funds	1,137,709	2,253,710	(1,885,772)			1,505,647

	Balance at 1						Balance at
	September				Transfers	Gains/	31August
	2020f	Income E	Expenditure	f	in/outf	(Losses) F	2021 f
Restricted
funds
Fee remission
fund	105,165						105,165
Arts Council
and other
grants	75,091	1,434,920	(1,473,130)				36,881
The Gordon
Robinson
Memorial
Trust		29,080	(29,080)
Industrious
project		94,921	(79,243)				15,678
Government
Furlough
grants		750,800	(750,800)
Pension
reserve			(37,000)			37,000
	180„256	2,309,721	(2,369,253)			37,000	157,724
Restricted
fixed assets
Buildings and
assets	515,569		(25,127)				490,442
Total
Restricted
funds	695,825	2,309,721	(2,394,380)			37,000	648,166
Total offunds	1,833,534	4,563,431	(4,280,152)			37,000	2,153,813

Statement offunds	-	prior ye	ar
			Balance at				Balance at
			1 September			Gains/	31 August
			2019	Income	Expenditure	(Losses)	2020
			E	E
Unrestricted funds
Designated funds
Instrument purchase			76,413	5,780	(10,236)		71,957
Building maintenance			446,538		(625)		445,913
			522,951	5,780	(10,861)		517,870
General funds
General fund			663,263	2,583,283	(2,626,707)		619,839
Total Unrestricted	funds		1,186,214	2,589,063	(2,637,568)		1,137,709
Restricted funds
Fee remission fund			113,501		(8,336)		105,165
Arts Council and other		grants	48,572	1,153,077	(1,126,558)		75,091
The Gordon Robinson
Memorial Trust				32,540	(32,540)
Government Furlough		grants		891,095	(891,095)
Pension reserve				1,000	(32,000)	31,000
			162,073	2,077,712	(2,090,529)	31,000	180,256
Restricted fixed assets
Buildings and assets			540,579		(25,010)		515,569
Total Restricted funds			702,652	2,077,712	(2,115,539)	31,000	695,825
Total offunds			1,888,866	4,666,775	(4,753,107)	31,000	1,833,534

Summary	offun	ds - current ye	ar
		Balance at 1					Balance at
		September			Transfers	Gains/	31August
		2020	Income F	Expenditure f	in/out E	(Losses) E	2021 f
Designated
funds		517,870	3,984	(1,656)	260,000		780,198
General funds		619,839	2,249,726	(1,884,116)	(260,000)		725,449
Restricted
funds		180,256	2,309,721	(2,369,253)		37,000	157,724
Restricted	fixed
assets		515,569		(25,127)			490„442
		1,833,534	4,563,431	(4,280,152)		37,000	2,153,813

Summary	offunds - prior	year
		Balance at				Balance at
		1 September			Gains/	31 August
		2019	Income	Expenditure	(Losses)	2020
		F	E
Designated	funds	522,951	5,780	(10,861)		517,870
General funds		663,263	2,583,283	(2,626,707)		619,839
Restricted	funds	162,073	2,077,712	(2,090,529)	31,000	180,256
Restricted	fixed assets	540,579		(25,010)		515,569
		1,888,866	4,666,775	(4,753,107)	31,000	1,833,534

Analysis	of n	et assets between funds	- current year
			Restricted	Restricted	Unrestricted	Total
			funds	fixed assets	funds	funds
			2021 E	2021	2021 f	2021f
Tangible	fixed	assets		490,442		490,442
Current	assets		932,036		1,505,647	2,437,683
Creditors	due	within one year	(774,312)			(774,312)
Total			157,724	490,442	1,505,647	2,153,813

Analysis	of n	et ass	ets	between funds	- prior year
					Restricted	Restricted	Unrestricted	Total
					funds	fixed assets	funds	funds
					2020	2020	2020	2020
								E
Tangible	fixed	assets				515,569		515,569
Current	assets				775,931		1,137,799	1,913,730
Creditors	due	within	one	year	(595,675)		(90)	(595,765)
Total					180,256	515,569	1,137,709	1,833,534

													Group	Group
													2021	2020
													f.
Net income/expenditure			for	the	year	(as		per	Statement		of	Financial
Activities)													283,279	(86,332)
Adjustments for:
Depreciation charges													25,127	25,010
Dividends,	interests	and	rents	from	investments								(1,288)	(4,870)
Increase	in debtors												(96,811)	(182,300)
Increase	in creditors												178,547	64,544
Defined benefit pension			scheme cost less			contributions				payable			37,000	31,000
Net cash	provided	by/(used		in) operating			activities						425,854	(152,948)

Principal actuari	al assumptions at the Balance Shee	t date (expressed as weighted averages	):
		At 31	At 31 August
		August 2021	2020
Discount rate		1.65	1.65
Expected return	on assets	1.65	1.65
Future salary increases		3.40	2.80
Future pension	increases	2.90	2.30

	At 31	At 31 August
	August 2021	2020
	Years	Years
Mortality rates (in years)
-for a male aged 65 now	21.7	21.5
-at 65for a male aged 45 now	22.8	22.3
-for a female aged 65 now	24.1	23.7
-at 65for a female aged 45 now	25.8	25.1

Sensitivity analysis
	At 31	At 31 August
	August 2021	2020
Discount rate +0.1%(2020:+0.5%)	24,000	110,000
Discount rate -0.1%(2020:-0.5%)	(24,000)	(110,000)
Mortality assumption - 1 year increase	45,000	40,000
Mortality assumption - 1 year decrease	(45,000)	(40,000)
CPI rate +0.1%(2020:+0.5%)	22,000	99,000
CPI rate -0.1%(2020:-0.5%)	(22,000)	(99,000)

The Grou	p's share ofthe assets in the scheme was:
		At 31	At 31 August
		August 2021 f	2020 E
Equities		1,068,000	940,000
Corporate	bonds	319,000	218,000
Property		191,000	164,000
Cash and	other liquid assets	16,000	41,000
Total fair	value ofassets	1,594,000	1,363,000

The am	ounts recognised	in the Consolidated S	tatement of Fina	ncial Activities are	as follows;
					2021	2020
					f.
Current	service cost				(34,000)	(39,000)
Interest	income				23,000	25,000
Interest	cost				(23,000)	(24,000)
Total amount recognised		in the Consolidated	Statement of	Financial
Activities					(34,000)	(38,000)
Movements in the present		value ofthe defined	benefit obligation	were as follows:
						2021f
Opening	defined benefit obligation					1,325,000
Interest	cost					23,000
Contributions by scheme participants						5,000
Actuarial	losses/(gains)					207,000
Benefits	paid					(38,000)
Current	service cost					34,000
Closing	defined benefit	obligation				1,556,000

			2021
			F.
Opening	fair	value of scheme assets	1,363,000
Expected	return on assets		23,000
Actuarial	gains/(losses)		244,000
Contributions		by employer	(3,000)
Contributions		by scheme participants	5,000
Benefits	paid		(38,000)
Closing	fair	value ofscheme assets	1,594,000