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2021-08-31-accounts

Contents
Page
Reference and Administrative
Details
Trustees' Report 2-8
Independent
Examiners'
Report
Statement
of Financial Activities		 (Including Income and Expenditure Account) 10-13
Balance Sheet 14
Notes tothe Financial Statements 15-21

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2021 2020
F
Donations
Donations 12,604
Income from charitable activities
Studio income
Audition fees 2,012 1,964
Musical theatre 397,805 245,939
Workshopslone-off courses 3,375 2,393
Studio hire 13,699
Other income 8,308 5,986
425,199 256,282

2021 2020
E
Expenditure on charitable activities
Studio costs
Bursaries 17,475 5,300
Tutors 57,754 48,086
Showcase costs 50
Production/equipment/other direct costs 35,624 582
PR/advertising 1,696 2,861
Website 2,134
Light/heat 3,247 2,932
Rent 61,904 40,410
Rates 4,145 5,331
Insurance 2,399 1,463
Depreciation ofstudio renovations 2,019 2,019
188,397 109,034
Support costs - page 13 177,255 168,429
Governance costs - page 13 10,384 6,146
376,036 283,609

2021 2020
Support and governance costs
Support costs
Office overheads
Rent 7,696 4,994
Rates 512 659
Light/heat 402 362
Telephone 763 2,168
Insurance 297 181
Computer
costs		 282 659
Repairs/maintenance 12,670 4,804
Cleaning/maintenance 2,858 199
Depreciation
offixtures/fittings/equipment		 1,660 1,990
Depreciation
of musical		 instruments 3,119 2,928
30,259
Administration
costs
Salaries 99,000 118,614
Freelance office staff 19,791 120
Social security costs 8,879 9,062
Staff pension costs 1,524 1,325
Stag training 495
Travel/transport 176 591
Entertaining 1,019 477
Printing/postage/stationery 337 498
Subscriptions/licences 2,119 2,653
Sundries/bad
debts		 6,544 8,511
139,389
Professional/financial
Consultancy
fees		 5,000 360
Legal/professional 2,396 6,601
Bank charges 211 178
7,607
177,255
Governance costs
Bookkeeping 6,133 3,146
Late filing penalty/interest 51
Independent
examination		 4,200 3,000
10,384
187,639
2021 2020
Notes
Fixed assets
Tangible assets 19,182 24,520
Current assets
Debtors 9 53,950 56,818
Cash at bank and in hand 189,934 158,185
243,884 215,003
Liabilities:
Creditors: amounts falling
due within one year 10 (140,891) (179,115)
Net current assets 102,993 35,888
Total assets less current
liabilities 122,175 60,408
The funds ofthe charity:
Unrestricted
funds		 12 122,175 60,408

Net income/(expenditure) Net income/(expenditure) for the year is 2021 2020
stated after charging: 8 8
Depreciation oftangible fixed assets 6,798 6,937
Independent examiners' remuneration
-Independent examination 4,200 3,000

Staffcosts and numbers 2021 2020
Staffcosts
Salaries and wages 99,000 118,614
Social security costs 8,879 9,062
Pension costs 1,524 1,325
109,403 129,001

The average
numbers
of employees
(includi
up as follows:		 ng
casual and part time staff) during
t		 he ye ar was mad e
2021 2020
Number Number
Administration 1 2

8. Fixed assets - tangible assets Fixtures/
Studio fittings/ Musical
renovations equipment instruments Total
6 6
Cost
1 September 2020 20,186 13,167 12,318 45,671
Additions 800 660 1,460
31August 2021 20,186 13,967 12,978 47,131
Depreciation
1 September 2020 2,019 10,066 9,066 21,151
Charge for year 2,019 1,660 3,119 6,798
31 August 2021 4,038 11,726 12,185 27,949
Net book values
31 August 2021 16,148 2,241 793 19,182
31 August 2020 18,167 3,101 3,252 24,520
9. Debtors 2021 2020
Trade debtors 30,324 33,617
Other debtors 17,400 17,401
Prepayments 6,226 5,800
53,950 56,818
10. Creditors: amounts
within one year		 falling due 2021f 2020
Trade creditors 2,613 5,786
Other taxation/social security 7,467
Other creditors 256 534
Accruals 5,200 3,000
Deferred income (note 11) 132,822 162,328
140,891 179,115

11. Deferred income
Balance at 1 September 2020 162,328
Amount released to incoming resources (162,328)
Amount deferred
in the year		 132,822
Balance at 31August 2021 132,822
Deferred income relates to prepaid course fees. Deferred income relates to prepaid course fees.
12. Unrestricted
funds		 Brought Incoming Outgoing Carried
forward resources resources forward
General fund 60,408 437,803 (376,036) 122,175
13. Analysis ofnet assets between funds
General Total
funds
Fund balances at 31August 2021
are represented
by:
Tangible fixed assets 19,182 19,182
Net current assets 102,993 102,993
122,175 122,175

py

leases as follows:
p		 g
2021 2020
Due:
Within one year 69,600 69,600
Between one and five years 153,700 223,300
223,300 292,900