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||||||||PAGE|
|---|---|---|---|---|---|---|---|
|Trustees'|annual
report|(incorporating|the|director's|report)|||
|Independent
examiner's||report to the|trustees|||||
|Statement|offinancial|activities (including||income|and expenditure|account)||
|Statement|offinancial|position|||||10|
|Statement|ofcash flows|||||||
|Notes to|the financial statements||||||12|
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|REFEREN|CE AND ADMINIS|CE AND ADMINIS|CE AND ADMINIS|TRATIVE DETAILS|TRATIVE DETAILS|TRATIVE DETAILS|||
|---|---|---|---|---|---|---|---|---|
|Registered|charity name|||Calderdale
Music Trust Limited|||||
|Charity registration|||number|1154343|||||
|Company|registration||number|08597862|||||
|Principal|office and registered|||Heath Training||And Development|Centre||
|office||||Free School Lane|||||
|||||Halifax|||||
|||||West Yorkshire|||||
|||||HX1 2PT|||||
|THE TRUSTEES||||CWightman|(Primary
School||||
|||||Headteacher)|||||
|||||SWild (Leeds||Arts Form)|||
|||||KRivett|||(Retired 30|April 2020)|
|||||P N Brennan|(Education||||
|||||Consultant)|||||
|||||T Gwynn (Eureka Manager)|||(Retired 13|March 2020)|
|||||P Reynoldson||(Rochdale Music|||
|||||Service)|||||
|||||SPJones|||(Appointed|20November 2019)|
|||||D JHeywood||(CMT Principal)|(Appointed|9June 2020)|
|||||RKelly|||(Appointed|20November 2019)|
|||||SRLone|||(Appointed|20November 2019)|
|||||A JSapey|||||
|Independent||examiner||EA Short FCA|||||
|||||Equitable
House|||||
|||||55Pelion Lane|||||
|||||Halifax|||||
|||||West Yorkshire|||||
|||||Hxl 5SP|||||
|Bank||||Lloyds Bank|||||
|||||Commercial|Street||||
|||||Halifax|||||
|||||HX1 1BB|||||
|Solicitor||||Wilhinson
Woodward|||||
|||||11Fountain|Street||||
|||||Halifax|||||
|||||HXI 1LU|||||
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|YEARENDED 31JUL|Y 2020||||||
|---|---|---|---|---|---|---|
|||||2020||2019|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note|5||||
|Income and endowments|||||||
|Donations
and legacies||5|9,332|348,339|357,671|339,133|
|Charitable
activities||6|228,655||228,655|375,317|
|Total income|||237,987|348,339|586,326|714,450|
|Expenditure|||||||
|Expenditure
on charitable|activities|7,8|225,099|370,876|595,975|632,970|
|Total expenditure|||225,099|370,876|595,975|632,970|
|Net (expenditure)/income|||12,888|(22,537)|(9,649)|81,480|
|Transfers
between
funds|||(7,536)|7,536|||
|Net movement
in funds|||5,352|(15,001)|(9,649)|81,480|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||707,322|130,344|837,666|756,186|
|Total funds carried forward|||712,674|115,343|828,017|837,666|
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|31JULY 2020|||||||||
|---|---|---|---|---|---|---|---|---|
|||||2020|||2019||
|||Note|||||||
|FIXEDASSETS|||||||||
|Tangible fixed assets||14|||152,787|||168,901|
|CURRENT ASSETS|||||||||
|Debtors||15|18,152|||36,883|||
|Cash at bank and in hand|||751,611|||714,439|||
||||769,763|||751,322|||
|CREDITORS: amounts|falling due||||||||
|within one year||16|94,533|||82,557|||
|NET CURRENT ASSETS|||||675,230|||668,765|
|TOTAL ASSETSLESS|CURRENT||||||||
|LIABILITIES|||||828,017|||837,666|
|NET ASSETS|||||828,017|||837,666|
|FUNDS OFTHE CHARITY|||||||||
|Restricted funds|||||115,343|||130,344|
|Unrestricted
funds|||||712,674|||707,322|
|Total charity funds||20|||828,017|||837,666|
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||2020|2019|
|---|---|---|
|CASH FLOWS FROM OPERATING ACTIVITIES|||
|Net (expenditure)/income|(9,649)|81,480|
|Adjustments for:|||
|Depreciation oftangible fixed assets|19,702|l9,676|
|Government
grant income|(9,332)||
|Accrued expenses/(income)|11,378|(2,535)|
|Changesin:|||
|Trade and other debtors|3,147|(2,242)|
|Trade and other creditors|16,182|12,620|
|Cash generated
from operations|31,428|108,999|
|Net cash from operating
activities|31,428|108,999|
|CASH FLOWS FROM INVESTING ACTIVITIES|||
|Purchase oftangible
assets|(3,588)|(14,388)|
|Net cash used in investing
activities|(3,588)|(14,388)|
|CASH FLOWS FROM FINANCING ACTIVITIES|||
|Government
grant income|9,332||
|Net cash from financing
activities|9,332||
|NET INCREASE IN CASH AND CASH EQUIVALENTS|37,172|94,611|
|CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR|714,439|619,828|
|CASH AND CASH EQUIVALENTS AT END OFYEAR|751,611|714,439|
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|DONATION|S
AND LEGACIES||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|GRANTS|||||
|Grants receivable|||348,339|348,339|
|Government|grant income|9,332||9,332|
|||9,332|348,339|357,671|
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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2019|
|GRANTS|||||
|Grants receivable|||339,133|339,133|
|Government|grant income||||
||||339,133|339,133|
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|CHARITABLE ACTIVITIES|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2020|Funds|2019|
|School teaching income|92,387|92,387|136,717|136,717|
|Pupil Tuition|125,738|125,738|210,764|210,764|
|Concerts|74|74|3,444|3444|
|Other income|455|455|3,483|3,483|
|Rock School dr. Virtual School|5,750|5,750|11,317|11,317|
|Room hire|4,251|4,251|9,592|9,592|
||228,655|228,655|375,317|375,317|
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|EXPENDITURE ON CHARITABL|E ACTIVITIES BYFUND TY|PE||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
|Teaching for pupils|49,255|121,409|170,664|
|Music centres|7,036|17,344|24,380|
|Teaching for schools|60,985|150,317|211,302|
|Support costs|107,823|81,806|189,629|
||225,099|370,876|595,975|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2019|
||8|||
|Teaching for pupils|43,459|200,745|244,204|
|Music centres|13,969|64,524|78,493|
|Teaching for schools|20,177|93,202|113,379|
|Support costs|127,634|69,260|196,894|
||205,239|427,731|632,970|
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|EXPENDIT|URE ON CHARI|TABLE ACTIVITIE|S BYACTIVI|TY TYPE|||
|---|---|---|---|---|---|---|
|||Activities|||||
|||undertaken||Total funds|Total fund||
|||directly|Support costs|2020|2019||
|Teaching for|pupils|170,665|77,453|248,118|349,859||
|Music centres||24,380|11,066|35,446|112,456|'|
|Teaching for|schools|211,300|95,893|307,193|162,433||
|Governance|costs||5,219|5,219|8,222||
|||406,345|189,631|595,976|632,970||
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|on the activities.|The prop|ortions
are 52|ortions
are 52|%parents, 6%|music centre a|nd 42% schools|.|
|---|---|---|---|---|---|---|---|
|||Teaching for||Music|Teaching for|||
||||pupils|centres|schools|Total 2020|Total 2019|
|||||5||||
|Staff costs|||32,200|4,600|39,867|76,667|53,695|
|Premises|||15,049|2,150|18,632|35,831|34,038|
|Communications|and IT||1,796|257|2,223|4,276|3,080|
|General office|||8,275|1,182|10,245|19,702|19,677|
|Human
resources|||2,546|364|3,152|6,062|17,855|
|Finance costs|||764|109|945|1,818|2,739|
|Governance
costs|||2,191|313|2,713|5,217|8,219|
|Insurance|||2,401|343|2,972|5,716|5,231|
|Travelling|||1,215|174|1,504|2,893|4,478|
|Postage and stationery|||871|124|1,079|2,074|1,676|
|Advertising|||2,120|303|2,625|5,048|16,154|
|Computer
and|software||5,994|856|7,421|14,271|12,105|
|Miscellaneous|expenses||430|65|534|1,029|6,224|
|Training costs|||908|130|1,125|2,163|3,649|
|Subscriptions|||2,769|396|3,430|6,595|7,022|
|Repairs and renewals|||113|16|140|269|1,050|
||||79,642|11,382|98,607|189,631|196,892|
|NET (EXPENDITURE)/INCOME||||||||
|Net (expenditure)/income||is|stated after|charging/(crediting):||||
|||||||2020|2019|
|||||||5||
|Depreciation oftangible||fixed assets||||19,702|19,676|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||5||
|Fees payable|to|the independent||examiner|for:|||
|Independent|examination||ofthe|financial|statements|2,950|2,340|
|Other financial||services||||2,267|2,608|
|||||||5,217|4,948|
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|STAFF COSTS|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting period are analysed
as||follows:|
||||2020|2019|
||||g||
|Wages and salaries|||210,724|159,455|
|Social security costs|||17,438|11,420|
|Employer
contributions|to pension|plans|22,391|17,460|
|Bought in tutors|||184,885|253,384|
|Ex gratia payments|||35,000||
||||470,438|441,719|
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|time equivalent|
employees
during
the year is analysed|as follows:||
|---|---|---|---|
|||2020|2019|
|||No.|No.|
|Management|and administration|4|4|
|Music leaders||4|2|
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|||Fixtures|Musical|||
|---|---|---|---|---|---|
|||& fittings|instruments|Computers|Total|
|Cost||||||
|At 1 August 2019||58,970|214,763|7,120|280,853|
|Additions|||3,588||3,588|
|At31July|2020|58,970|218,351|7,120|284,441|
|Depreciation||||||
|At 1 August 2019||44,102|64,776|3,074|111,952|
|Charge for|the year|3,737|14,484|1,481|19,702|
|At 31July|2020|47,839|79,260|4,555|131,654|
|Carrying|amount|||||
|At 31July|2020|11,131|139,091|2,565|152,787|
|At 31July|2019|14,868|149,987|4,046|168,901|
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|DEBTORS|||||
|---|---|---|---|---|
||||2020|2019|
|Trade debtors|||7,957|11,221|
|Prepayments
and|accrued|income|10,195|23,236|
|Directors loan account||||2,426|
||||18,152|36,883|
|CREDITORS: amounts||falling due &vithin one year|||
||||2020|2019|
||||K||
|Trade creditors|||3,411|9,752|
|Accruals
and deferred income|||63,719|66,430|
|Social security
and other||taxes|2,281|3,996|
|Other creditors|||25,122|2,379|
||||94,533|82,557|
|DEFERRED INCOME|||||
||||2020|2019|
|At 1 August 2019|||55,669|55,669|
|Amount released|to income||(55,669)|(55,669)|
|Amount
deferred|in year||57,164|55,669|
|At 31July 2020|||57,164|55,669|
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|Recognised|in income from donations
and legacies:||
|---|---|---|
|Coronavirus|Job Retention Scheme Grant|9,332|
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|Unrestri|cted
funds||||||
|---|---|---|---|---|---|---|
|||A[||||At|
|||1 Aug 2019|Income|Expenditure|Transfers|31July 2020|
||||||5||
|General|funds|707,322|237,987|(225,099)|(7,536)|712,674|
|||At||||A[|
|||1 Aug 2018|Income|Expenditure|Transfers|31July 2019|
|General|funds|547,159|375,317|(205,239)|(9,915)|707,322|
|Restricted funds|||||||
|||At||||At|
|||1 Aug 2019|Income|Expenditure|Transfers|31July 2020|
|Fixed asset fund||130,344||(15,001)||115,343|
|Arts Council England|||348,339|(355,875)|7,536||
|||130,344|348,339|(370,876)|7,536|115,343|
|||At||||At|
|||1 Aug 2018|Income|Expenditure|Transfers|31July 2019|
|Fixed asset fund||146,438||(16,094)||130,344|
|Arts Council England||62,589|339,133|(411,637)|9,915||
|||209,027|339,133|(427,731)|9,915|130,344|
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|21.|ANALYSIS OFN|ET ASSETSBETWEEN FUN|DS|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||Tangible fixed assets||37,444|115,343|152,787|
||Current assets||769,763||769,763|
||Creditors
less than|1 year|(94,533)||(94,533)|
||Net assets||712,674|115,343|828,017|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2019|
||Tangible fixed assets||38,557|130,344|168,901|
||Current assets||751,322||751,322|
||Creditors less than|1 year|(82,557)||(82,557)|
||Net assets||707,322|130,344|837,666|
|22.|ANALYSIS OF CHANGES IN NET DEBT|||||
||||At||At|
||||1 Aug 2019|Cash flows|31Jul 2020|
||||||f.|
||Cash at bank and|in hand|714,439|37,172|751,611|
|23.|RELATED PARTIES|||||