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← Music For Everyone

2023-08-31-accounts

Annual Report 2022 - 2023

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Music Making across the East Midlands www.music-for-everyone.org Music for Everyone is a Registered Charity No. 1153412

Charity registration number: 1153412

Music for Everyone

Annual Report and Financial Statements for the Year Ended 31 August 2023

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Music for Everyone

Contents (continued)

Reference and Administrative Details 1
Trustees' Report 2 to 6
Statement of Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9 to 10
Balance Sheet 11
Notes to the Financial Statements 12 to 21

Music for Everyone

Reference and Administrative Details

Trustees John Hess, Chair Matthew Lax, Treasurer Dr Angela Smallwood Rachel Emmett Janet Wootton Josie Tanvir Secretary Dr Angela Smallwood Founder and Artistic Advisor Angela Kay Senior Management Team Donna Fox, Director Su Evans, General Manager Charity Registration Number 1153412 Principal Office 10 Goose Gate Nottingham NG1 1FF Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

Music for Everyone

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2023.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees:

John Hess, Chair Matthew Lax, Treasurer Dr Angela Smallwood Rachel Emmett Janet Wootton Josie Tanvir (appointed 7 August 2023) Richard Flewitt (resigned 27 July 2023)

Structure, governance and management

Nature of governing document

The charity is operated under the rules of its CIO - Association constitution adopted 15 August 2013.

Recruitment and appointment of trustees

Trustees are advertised through call-outs to the membership and we invite nominations to be voted on by the membership at the AGM.

Additionally we can co-opt trustees during the year between AGMs. In this case potential trustees would be invited to observe a meeting and be appointed formally at a subsequent meeting.

Objectives and activities

Objects and aims

To promote, improve, develop and maintain public education and appreciation in all aspects of music by: - The organisation of a wide range of music-making events and activities, capable of encouraging and stimulating people of all ages and abilities;

Page 2

Music for Everyone

Trustees' Report (continued)

Public benefit

Throughout the year we run:

i). A series of adult and youth music workshops, courses and activities (approx.12 per year);

ii). A series of concerts/performances featuring a wide range of music suitable for adults, youth and families (approx. 30+ per year);

iii). 21 regularly rehearsing groups ( 13 adult, 4 youth, 3 health initiatives);

iv). Projects with other organisations e.g. Inspire - Mother and Baby project, Headway Nottingham - long term health and social rehabilitation project for people affected by brain injury.

All our activities benefit the public by:

a) providing opportunities for people to take part in music events and activities irrespective of age, ability and experience;

b) providing an annual series of entertaining, high standard public concerts;

c) providing opportunities for young people to make music through leisure time activities.

N.B.

i) We offer subsidised places and reduced ticket prices for all our events including concerts. ii) Our Equal Opportunities Policy aims that no participant or concert goer receives less favourable treatment on the grounds of racial origin, physical disability, class, gender, sexual orientation, age, political or religious belief.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

The team achieved a varied programme of concerts and workshops celebrating their 40th Anniversary season as outlined below, and regular groups continue to build following a drop in participants since covid.

Main achievements in 2022/23

REGULARLY REHEARSING GROUPS

• Adult 6 x Daytime Voices groups (423 singers in total) 2 x Daytime Orchestra groups (93 players in total) 1 x Chamber Choir (Nottingham Chamber Singers - 40 singers) 1 x Flute Choir (20 players) 1 x Swing Band (28 players) 1 x Steel Pan Ensemble (15 players) 1 x World Drumming Group (20 players) • Youth 2 x Wind Band (27 players in total) 2 x String Orchestras (42 players in total) • Health Initiatives 4 x Open Voices groups - music groups especially for people with learning difficulties (over 100 in total - including carers)

Page 3

Music for Everyone

Trustees' Report (continued)

WORKSHOPS/ACTIVITIES/COURSES

3 x choral courses (445 singers over the 3 courses)

2 x orchestral workshop (282 players over the 2 workshops)

1 x singing workshop (154 singers)

• Youth

2 x instrumental workshops (260 players over the 2 workshops) 3 x singing workshops (240 singers over the 3 workshops)

CONCERTS

6 adult concerts (1550 tickets sold over the 6 concerts) 6 youth concerts (1400 tickets sold over the 6 concerts) 18 informal performances (not ticketed)

Diary of Activites 2022-23

11 September -- Youth Groups Activity Open Day, NTU Music Centre

6 November -- Guides Singing Event - Albert Hall, Nottingham

13 November -- Big Youth Music Experience Concert - Albert Hall Nottingham

10 December -- Vocals Youth Singing Workshop - NTU Clifton

11 December -- Christmas is Coming Concert, Vocals, Nottingham Community Voices, Nottingham Chamber Singers - Albert Hall, Nottingham

7 January -- 'Blow the Dust' Instrumental Playing Day - Albert Hall Nottingham

22 January -- Youth Groups New Year Concert - Kingswood Methpdist Church

28 & 29 January -- Nottingham Festival Chorus Workshop

4 February -- Nottingham Festival Chorus Concert - Albert Hall Nottingham

25 & 26 February -- Big Youth Music Experience, Instrumental playing weekend - South Notts Academy, Radcliffe on Trent

Page 4

Music for Everyone

Trustees' Report (continued)

Financial review

Policy on reserves

The reserves policy is to have a minimum of 3 months operating costs in reserves.

Annual report from Chair of Trustees John Hess

It’s been a remarkable and memorable year for Music for Everyone.

Our 40th anniversary season gave us a welcome and glorious opportunity to celebrate what‘s been achieved to encourage music making. In particular, at our 40th gala weekend we applauded the amazing work and leadership of our founder, Angela Kay MBE, who stepped down as our Artistic Director last year. It was also great to welcome so many former MfE participants to this special weekend, including those who have gone on to professional music careers. We are delighted that Angela will continue to be involved with us in the future, and the Founder’s Artistic Development Fund launched at the gala has secured donations that will ensure imaginative new initiatives will continue to thrive at MfE.

What began in 1983, with Angela founding the Nottingham Choral Trust to promote weekend choral courses and concerts for singers from all walks of life, has grown into a charity with eighteen regularly rehearsing groups, and fourteen short courses, for both adult and youth, choral and instrumental, involving over two thousand participants a year.

We remain, as always, committed to making a difference to people’s lives through the creativity and the enjoyment of music. Our established auditioned Nottingham Chamber Choir continued to set a high standard and perform locally, and new projects like the Lullaby Bank for parents and babies, and the steel pan and drumming groups created a wider offer open to people across the city and county.

The 40th anniversary season was awarded over £25,000 by Arts Council England, but MfE could not operate without considerable back-up from its members, volunteers, supporters and partners such as Inspire, the Nottinghamshire Music Hub and Nottingham Trent University. In particular, MfE is very grateful for the continuing financial support from our sister organisation and partner Bookwise and the financial contributions provided through its three shops. Its regular donations and other in kind support were worth well over £70,000 last year.

Like other voluntary and creative organisations, we face financial challenges and have maintained strict monitoring of spending, despite rising inflation. We were keen to use some of reserves to offer a full programme throughout the year to attract people back to music-making, but numbers were still returning more slowly than we’d hoped and the cost of living and rising inflation made an impact on our financial performance. Overall the accounts show a deficit on unrestricted funds of -£37,069 for the year. This reduces our unrestricted reserves down to £37,265. Although this level is within our reserves policy, we are working hard to improve our finances next year.

MfE has over 400 subscribing members who regularly take part in our programmes, 200 in our “Supporters” scheme and over 200 volunteers who do a huge range of work for the organisation from running vital parts of the programme to assisting at events.

I would like again to thank our staff, volunteers and trustees who put in so much care and effort in making our anniversary year so special. There’s also particular thanks to two colleagues: Richard Flewitt, who stood down from the board after several years of dedicated and enthusiastic membership; and Donna Fox, MfE’s Executive Director since 2022, who established effective partnerships and led our staff team, and has gone on to accept new roles with Arts Council England and a global arts performance charity.

Page 5

Music for Everyone

Trustees' Report (continued)

Finally, I’m delighted to welcome our new Artistic Director Alex Robinson and the impact he has already made on our music making. Likewise, Rachel Parkes has embraced the opportunities to shape and direct our annual music summer school and MfE's programme schedule. Looking ahead, I have no doubt Alex and Rachel will build on the legacy left by Angela and take us all into an exciting new era.

John Hess Chair, Music for Everyone Trustees January 2024

Page 6

Mllsi¢ for Everyone Statement of Responsibilities Th¢ trnstees are responsiblc for prcpariiig the tn]siees' report ajid the financial sta¢ements in accordance llrytli the Unired Kingdom A¢¢ounting Staiidards (Uniied Kingdom G¢n¢rally Accepted Accountiiig Praciice) a])d appli¢abl¢ law and ￿gUlatIons. The law applicable to cbariti¢s r¢qiiires tlie trustees io prepare fll)all¢ial siaieurttts for cach financial year which give a ￿e alld ￿"r view ol th¢ state of affairs of d)e c]￿rItY and of incomi1￿ r¢sour¢cs a￿d application of resources of the charity for tl)at peri￿. In preparillg thes¢ fllwi¢iai siaiements. the trustees are required to.. sel¢¢t suitablc accoiinttng policies and then apply th¢m ¢on5iSt¢ntly: observe the methods And principles in the Charities SORP; ll]Rke judgements ond ¢stimaies that are reasonable and prudeni. stale wliether applicable a¢¢ounting standards have been followed, gubjeci to any material departure5 disc105ed and explained in ihe fInancial statemenis., alld prepaEe th¢ financial statements on the going concern basis unless it 15 inappropriate to presume thai the charity will ¢ontiniic in business. The trnstees are responsible for keeping proper accounting records that disclose iwth i¢ason)ble accwacy al any Illlle the finaiicial position of the charity and enable them 10 ensure tliai the finan¢i31 sratein¢nts coinply with the Chariiies Act 2011, the Charities {Accoiu)tS c111d Repons) Regulations 2008, and th¢ provisioi)s of the CO￿[1￿￿0￿. The in]siees ar¢ also responsible for safeguarding the assets ol the charity and hence for taking reasonable sieps for the prevention and (kttttion of fralid and other irregularities. The trusiees are responsible for the lluinienance alld illi¢grity of th¢ Co￿Or￿le fillallcial i]rformaiio included on th¢ ¢liaritabl¢ co]np￿]y'S websiie. Legislaiion gov¢rning the prepardtion alld di￿e￿ination of financial state]nellts may differ froin legislation in oiher.jurisdi¢iiolls. ' -1"/2a2£ Approved by the trustees of the charity on . sigt*d it5 bchalf by.. Johtt Hess Tn]stee Page 7

Music for Everyone

Independent Examiner's Report to the trustees of Music for Everyone

Independent examiner’s report to the trustees of Music for Everyone

I report to the trustees on my examination of the accounts of Music for Everyone (the Charity) for the year ended 31 August 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

John O’Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Date:.............................

Page 8

Music for Everyone

Statement of Financial Activities for the Year Ended 31 August 2023

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Other income
5
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
£
26,066
165,964
250
51,409
243,689
(280,758)
(280,758)
(37,069)
74,334
37,265		 Restricted
£
-
32,743
-
-
32,743
(35,330)
(35,330)
(2,587)
19,817
17,230		 Total
2023
£
26,066
198,707
250
51,409
276,432
(316,088)
(316,088)
(39,656)
94,151
54,495		 Total
2022
£
29,210
132,097
18
40,505
201,830
(242,073)
(242,073)
(40,243)
134,394
94,151

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 20.

The notes on pages 12 to 21 form an integral part of these financial statements. Page 9

Music for Everyone

Statement of Financial Activities for the Year Ended 31 August 2023 (continued)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Other income
5
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
£
29,210
125,936
18
40,505
195,669
(228,527)
(228,527)
(32,858)
107,192
74,334		 Restricted
£
-
6,161
-
-
6,161
(13,546)
(13,546)
(7,385)
27,202
19,817		 Total
2022
£
29,210
132,097
18
40,505
201,830
(242,073)
(242,073)
(40,243)
134,394
94,151

The notes on pages 12 to 21 form an integral part of these financial statements. Page 10

Music for Everyone

(Registration number: 1153412) Balance Sheet as at 31 August 2023

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
15
Creditors: Amounts falling due within one year
16
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
20
Unrestricted income funds
Unrestricted funds
Total funds
20		 2023
£
15,745
49,283
10,894
60,177
(21,427)
38,750
54,495
17,230
37,265
54,495		 2022
£
12,870
65,703
24,771
90,474
(9,193)
81,281
94,151
19,817
74,334
94,151

The financial statements on pages 9 to 21 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:01/02/24

......................................... Matthew Lax Trustee

The notes on pages 12 to 21 form an integral part of these financial statements. Page 11

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Music for Everyone meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Page 12

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Instruments are initially measured at cost and subsequently measured at insurance value.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate General equipment 25% reducing balance basis

Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any) .

Page 13

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts, individuals and
similar proceeds
Gift aid reclaimed
Grants, including capital grants;
Government grants		 Unrestricted
funds
General
£
7,866
12,450
5,750
26,066		 Total
2023
£
7,866
12,450
5,750
26,066		 Total
2022
£
13,841
10,011
5,358
29,210

Page 14

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

3 Income from charitable activities

Grants
Sales & services
Memberships
Miscellaneous income *
Donations in kind (instrument)		 Unrestricted
funds
General
£
-
95,304
66,237
4,423
-
165,964		 Restricted
funds
£
29,768
-
-
100
2,875
32,743		 Total
2023
£
29,768
95,304
66,237
4,523
2,875
198,707		 Total
2022
£
6,161
76,686
48,781
469
-
132,097

4 Investment income

Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
250
5
Other income
Unrestricted
General
£
Income from Bookwise trading subsidiary
51,409
Includes the £5,000 for Founders Artistic Development Fund.		 Total
2023
£
250
Total
2023
£
51,409		 Total
2022
£
18
Total
2022
£
40,505

6 Grants and donations

Nottinghamshire County Council
Arts Council
Inspire
HMRC Gift aid
Supporters scheme donations
Other donations		 Unrestricted
funds
£
5,750
-
-
12,450
7,328
538
26,066		 Restricted
funds
£
-
25,795
3,973
-
-
-
29,768		 Total funds
£
5,750
25,795
3,973
12,450
7,328
538
55,834

Page 15

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

7 Expenditure on charitable activities

Artistic programme
Special projects
Paul Redfearn
Artistic planning & overheads
Salaries, NI & pension
Music fund
Gift shop
Box office
Independent examination costs		 Unrestricted
General
£
115,057
23,608
-
34,858
97,333
2,448
1,532
5,154
948
280,938		 Restricted
£
17,645
-
-
8,150
9,355
-
-
-
-
35,150		 Total
2023
£
132,702
23,608
-
43,008
106,688
2,448
1,532
5,154
948
316,088		 Total
2022
£
88,643
20,360
146
36,008
91,376
2,378
410
1,864
888
242,073

8 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2023
£
127,393
2,675
2,415
132,483		 2022
£
89,028
795
1,553
91,376

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2023
No
7		 2022
No
6

6 (2022 - 6) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £2,415 (2022 - £1,553).

No employee received emoluments of more than £60,000 during the year

The total employee benefits of the key management personnel of the charity were £45,104 (2022 - £32,575).

Page 16

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

9 Taxation

The charity is a registered charity and is therefore exempt from taxation.

10 Independent examiner's fees

During the period, the fees payable (including VAT) to the charity’s independent examiner are analysed as follows:

follows:
Independent examination 2023
£
948
948		 2022
£
888
888

11 Related party transactions

During the year the charity made the following related party transactions:

Matthew Lax

(During this period, the charity paid £185 (2022 - £90) to this trustee for engagements as a freelance musician.) At the balance sheet date the amount due to/from Matthew Lax was £Nil (2022 - £Nil).

12 Benefits in kind

During the period charity benefited from rent and other costs paid by Bookwise Southwell to the total value of £19,525 (2022: £17,066).

Rent at Goose Gate £7,000 (2022: £5,600) Storage & insurance at Lenton £8,403 (2022: £7,791) Telecommunications £1,165 (2022: £1,111) Van running expenses £852 (2022: £1,023) Electricity & water £2,105 (2022: £1,541)

Page 17

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

13 Tangible fixed assets

Cost
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2022
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022
14 Debtors
Prepayments
Other debtors
15 Cash and cash equivalents
Cash at bank		 General
equipment
£
945
-		 Instruments
£
12,870
2,875		 Total
£
13,815
2,875
16,690
945
945
15,745
12,870
2022
£
2,309
63,394
945 15,745
945 -
945 -
- 15,745
- 12,870
2023
£
9,075
40,208
49,283
2023
£
10,894
65,703
2022
£
24,771

Page 18

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

16 Creditors: amounts falling due within one year

16 Creditors: amounts falling due within one year
Other creditors
Accruals
Deferred income		 2023
£
1,878
948
18,601
21,427		 2022
£
3,377
888
4,928
9,193

Deferred income £18,601 - this includes £12,465 raised for the Founders Artistic Development Fund that will operate from 2023/24.

Founders fund donations £12,465 Other deferred income £6,136

17 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Photocopier
Within one year
Between one and five years		 2023
£
1,488
3,720
5,208		 2022
£
1,488
5,208
6,696

18 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 19

Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

19 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
20 Funds
Unrestricted funds
General
General fund
Restricted funds
Instruments
Paul Redfearn Instrument fund
Arts Council
Inspire
Total restricted funds
Total funds		 Balance at 1
September
2022
£
74,334
12,870
1,386
-
5,561
19,817
94,151		 Unrestricted
General
£
-
58,692
(21,427)
37,265
Unrestricted
General
£
-
83,527
(9,193)
74,334
Incoming
resources
£
243,689
2,875
100
25,795
3,973
32,743
276,432		 Restricted
£
15,745
1,485
-
17,230
Restricted
£
12,870
6,947
-
19,817
Resources
expended
£
(280,758)
-
(1)
(25,795)
(9,534)
(35,330)
(316,088)		 2023
Total funds
£
15,745
60,177
(21,427)
54,495
2022
Total funds
£
12,870
90,474
(9,193)
94,151
Balance at 31
August 2023
£
37,265
15,745
1,485
-
-
17,230
54,495

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Music for Everyone

Notes to the Financial Statements for the Year Ended 31 August 2023 (continued)

The specific purposes for which the funds are to be applied are as follows:

Instruments - this fund represents the net book value of the fixed assets (Instruments). Paul Redfearn Instrument fund - a fund to support the loan of musical instruments to pupils in the City/County. Inspire - funding to deliver music projects in Nottinghamshire, to support 1.5 days/week led by our Assistant Artistic Director, Rachel Parkes.

Arts Council - supported delivery of the 40th anniversary season with a focus on women's leadership in music.

These are the figures for the previous accounting period and are included for comparative purposes:

Unrestricted funds
General
General fund
Designated
Youth Development fund
Health & Wellbeing fund
Total unrestricted funds
Restricted
Instruments
Paul Redfearn Instrument
fund
Inspire
Garfield Weston
Total restricted funds
Total funds		 Balance at 1
September
2021
£
95,446
8,195
3,551
11,746
107,192
12,870
1,532
7,800
5,000
27,202
134,394		 Incoming
resources
£
195,669
-
-
-
195,669
-
-
6,161
-
6,161
201,830		 Resources
expended
£
(228,527)
-
-
-
(228,527)
-
(146)
(8,400)
(5,000)
(13,546)
(242,073)		 Transfers
£
11,746
(8,195)
(3,551)
(11,746)
-
-
-
-
-
-
-		 Balance at
31 August
2022
£
74,334
-
-
-
74,334
12,870
1,386
5,561
-
19,817
94,151

Page 21