| Page | |||
|---|---|---|---|
| Trustees' report |
1-3 | ||
| Statement oftrustees' |
responsibilities | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 8-16 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Notes | 2020 | 2020 f |
2020 F |
2019 F |
2019f | 2019 F |
|
| Income from: | |||||||
| Donations and gifts |
64,743 | 57,412 | 122,155 | 46,364 | 55,773 | 102,137 | |
| Fundraising | 100,239 | 100,239 | 121,570 | 121,570 | |||
| Total income | 164,982 | 57,412 | 222,394 | 167,934 | 55,773 | 223,707 | |
| Ex enditure on: | |||||||
| Raising funds | 82,123 | 82,123 | 103,829 | 103,829 | |||
| Charitable activities |
31,231 | 29,250 | 60,481 | 51,578 | 55,773 | 107,351 | |
| Other | 194 | 194 | 1,891 | 1,891 | |||
| Total resources | |||||||
| expended | 113,548 | 29,250 | 142,798 | 157,298 | 55,773 | 213,071 | |
| Net income for | the year/ | ||||||
| Net movement | in funds | 51,434 | 28,162 | 79,596 | 10,636 | 10,636 | |
| Fund balances at 1 | |||||||
| January 2020 | (29,170) | (29,170) | (39,806) | (39,806) | |||
| Fund balances | at 31 | ||||||
| December 2020 | 22,264 | 28,162 | 50,426 | (29,170) | (29,170) |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | F | F | |||||
| Fixed assets | |||||||
| Tangible assets | 12 | 554 | 936 | ||||
| Current assets | |||||||
| Debtors | 13 | 24,000 | 94 | ||||
| Cash at bank and | in | hand | 66,942 | 13,860 | |||
| 90,942 | 13,954 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 15 | (7,573) | (10,553) | ||||
| Net current assets | 83,369 | 3,401 | |||||
| Total assets less | current liabilities | 83,923 | 4,337 | ||||
| Creditors: amounts | falling due after | ||||||
| more than one year | 16 | (33,497) | (33,507) | ||||
| Net assets/(liabilities) | 50,426 | (29,170) | |||||
| Income funds | |||||||
| Restricted funds |
17 | 28,162 | |||||
| Unrestricted funds |
22,264 | (29,170) | |||||
| 50,426 | (29,170) |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||
| Donations | and gifts | 44,974 | 57,412 | 102,386 | 46,364 | 55,773 | 102,137 |
| Government | grant | ||||||
| income | 19,769 | 19,769 | |||||
| 64,743 | 57,412 | 122,155 | 46,364 | 55,773 | 102,137 | ||
| Donations | and gifts | ||||||
| Other | 44,974 | 57,412 | 102,386 | 46,364 | 55,773 | 102,137 | |
| 44,974 | 57,412 | 102,386 | 46,364 | 55,773 | 102,137 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2020 | 2019 |
| 100,239 | 121,570 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2020 | 2019 | ||||
| Fundraisin | and | ublici | |||
| Other fundraising | costs | 52,240 | 73,429 | ||
| Staff costs | 23,788 | 23,075 | |||
| Support costs | 6,095 | 7,325 | |||
| Fundraising | and publicity | 82,123 | 103,829 | ||
| 82,123 | 103,829 | ||||
| Charitable | activities | ||||
| Program | Program | ||||
| 2020 | 2019 | ||||
| F | F | ||||
| Staff costs | 23,787 | 23,075 | |||
| School construction | 29,250 | 64,940 | |||
| Scholarships | 629 | 12,012 | |||
| 53,666 | 100,027 | ||||
| Share ofsupport costs (see note 7) | 2,340 | 3,604 | |||
| Share ofgovernance | costs (see note 7) | 4,475 | 3,720 | ||
| 60,481 | 107,351 | ||||
| Analysis by fund |
|||||
| Unrestricted | funds | 31,231 | 51,578 | ||
| Restricted funds | 29,250 | 55,773 | |||
| 60,481 | 107,351 | ||||
| For the year ended | 31 December 2019 | ||||
| Unrestricted | funds | 51,578 | |||
| Restricted funds | 55,773 | ||||
| 107,351 |
| Support costs | ||||
|---|---|---|---|---|
| Support | Governance | 2020 | 2019 | |
| costs | costs | |||
| f | f | |||
| Depreciation | 382 | 382 | 223 | |
| Bridges for Music (SA) overheads | 9 | 9 | 32 | |
| Travelling | 817 | 817 | 4,373 | |
| Website provider | 1,069 | 1,069 | 1,033 | |
| Online marketing | 809 | 809 | 810 | |
| Bank and other charges | 874 | 874 | 738 | |
| Accountancy | 2,448 | 2,448 | 2,424 | |
| Legal and professional | 1,235 | 1,235 | ||
| Bookkeeping | 5,267 | 5,267 | 5,016 | |
| 3,960 | 8,950 | 12,910 | 14,649 | |
| Analysed between |
||||
| Fundraising | 1,620 | 4,475 | 6,095 | 7,325 |
| Charitable activities |
2,340 | 4,475 | 6,815 | 7,324 |
| 3,960 | 8,950 | 12,910 | 14,649 |
| 2020 | 2019 |
|---|---|
| Number | Number |
| 9 | Employees | (Continued) | |
|---|---|---|---|
| Employment costs |
2020 | 2019 | |
| F | F | ||
| Wages and salaries | 41,926 | 40,800 | |
| Social security costs | 4,579 | 4,446 | |
| Other pension costs | 1,070 | 904 | |
| 47,575 | 46,150 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | |||
| 2020 | 2019 | ||
| F | |||
| Financing | costs | 194 | 1,891 |
| 194 | 1,891 |
| Tangible fixed assets | ||
|---|---|---|
| Computers | ||
| F | ||
| Cost | ||
| At 1 January 2020 | 1,159 | |
| At 31 December 2020 | 1,159 | |
| Depreciation and impairment |
||
| At 1 January 2020 | 223 | |
| Depreciation charged |
in the year | 382 |
| At 31 December 2020 | 605 | |
| Carrying amount |
||
| At 31 December 2020 | 554 | |
| At 31 December 2019 | 936 |
| 13 | Debtors | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Amounts | falling due within one year: | F | F | |
| Trade debtors | 24,000 | 94 | ||
| 14 | Loans and overdrafts | |||
| 2020 | 2019 | |||
| Directors' | loans | 33,497 | 33,507 | |
| Payable | after one year | 33,497 | 33,507 |
| Creditors: amounts f |
alling due within one year | ||
|---|---|---|---|
| 2020 | 2019 | ||
| F | F | ||
| Other taxation and social security | 2,893 | 3,511 | |
| Trade creditors | 2,408 | 4,770 | |
| Other creditors | 2,195 | 2,195 | |
| Accruals and deferred | income | 77 | 77 |
| 7,573 | 10,553 |
| Creditors: amounts falling due after more tha |
n one year | |
|---|---|---|
| 2020 | 2019 | |
| F | F | |
| Borrowings | 33,497 | 33,507 |
| Movement | in funds | Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Balance at | Incoming | Resources | Balance at | ||||
| resources | expended1 | January | 2020 | resources | expended | 31 December | |||
| 2020 | |||||||||
| Pioneer DJ | Studio | 40,000 | (40,000) | 38,000 | (14,250) | 23,750 | |||
| Scholarships | 15,773 | (15,773) | 19,412 | (15,000) | 4,412 | ||||
| 55,773 | (55,773) | 57,412 | (29,250) | 28,162 | |||||
| 18 | Analysis of net assets | between funds | |||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| funds | funds | funds | funds | ||||||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||||
| F | F | F | F | F | F | ||||
| Fund balances at 31 | |||||||||
| December 2020 are | |||||||||
| represented | by: | ||||||||
| Tangible assets | 554 | 554 | 936 | 936 | |||||
| Current assets/ | |||||||||
| (liabilities) | 55,207 | 28,162 | 83,369 | 3,401 | 3,401 | ||||
| Long term liabilities | (33,497) | (33,497) | (33,507) | (33,507) | |||||
| 22,264 | 28,162 | 50,426 | (29,170) | (29,170) |
| The remun | eration of key management personnel is as |
follows. | |
|---|---|---|---|
| 2020 | 2019 | ||
| F | F | ||
| Aggregate | compensation | 47,575 | 46,151 |