|||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||||||||||||||4IK| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||||||||0| |||||||||||||||||||||l5| |||||||||||||||||||||CD
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I—I—|| ## ## ||||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| ## ## ##