2022-03-31-accounts - Calderdale Music Limited

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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

REFERE	NCE AND ADMINIS	NCE AND ADMINIS	NCE AND ADMINIS	TRATIVE DETAILS
Registered	charity name			Calderdale Music Limited
Charity registration			number	1154343
Company	registration		number	08597862
Principal	oAice and registered			The Old Courthouse
office				Blackwall
				Halifax
				West Yorkshire
				HX1 2DL
The Trustees				C Wightman
				SWild
				JBrook	(Appointed	13September 2021)
				PReynoldson
				SPJones
				DJHeywood
				RKelly
				SRLone
				AJSapey
				ELandale	(Retired 14	May 2022)
				M Sharp	(Appointed	6July 2022)
Independent		examiner		EA Short
				Equitable House
				55Pelion Lane
				Halifax
				West Yorkshire
				HX1 5SP

								Period &om
								1 Aug 20to
					Year	to 31Mar	22	31Mar 21
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note		'E	f
Income and	endowments
Donations and legacies				5	9,037	349,794	358,831	245,364
Charitable activities				6	285,491	—	285,491	125,095
Total income					294,528	349,794	644/22	370,459
Expenditure
Expenditure	on charitable		activities	7,8	334,024	361,185	695409	356,307
Total expenditure					334,024	361,185	695,209	356,307
Net (expenditure)/income			and net
movement	in funds				(39,496)	(11,391)	(50,887)	14,152
Reconciliation offunds
Total funds	brought	forward			730,767	111,400	842,167	828,016
Total funds	carried	forward			691,271	100,009	791/80	842,167


		Note
FIXEDASSETS
Tangible fixed assets		14		357/49		186,735
CURRENT ASSETS
Debtors		15	19,904		21,197
Cash at bank and in hand			467,653		707,422
			487457		728,619
CREDITORS: amounts	falling due
within one year		16	53,526		73,187
NET CURRENT ASSETS				434,031		655,432
TOTAL ASSETSLESS	CURRENT
LIABIL1TIES				791480		842,167
NET ASSETS				791480		842,167
FUNDS OFTHE CHARITY
Restricted funds				100,009		111,400
Unrestricted funds				691/71		730,767
Total charity funds		20		791480		842,167

	2022	2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net (expenditure)/income	(50,887)	14,152
Adj us/ments for:
Depreciation oftangible fixed assets	58,540	12,414
Government grant income	(9,037)	(12,503)
Accrued (income)/expenses	(164)	1,024
Changes in:
Trade and other debtors	1)293	(695)
Trade and other creditors	(19,496)	(23,226)
Cash generated from operations	(19,751)	(8,834)
Net cash used in operating activities	(19,751)	(8,834)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase oftangible assets	(232,633)	(46,362)
Proceeds from sale oftangible assets	3,578
Net cash used in investing activities	(229,055)	(46,362)
CASH FLOWS FROM FINANCING ACTIVITIES
Government grant income	9,037	12,503
Net cash fiom financing activities	9,037	12,503
NET DECREASE IN CASH AND CASH EQUIVALENTS	(239,769)	(42,693)
CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR	707,422	751,610
CASH AND CASH EQUIVALENTS AT END OF YEAR	467,653	708,917

DONATION	S AND LEGACIES
		Unrestricted	Restricted	Total Funds
		Funds f	Funds	2022 f
GRANTS
Grants receivable			349,794	349,794
Government	grant income	9,037		9,037
		9,037	349,794	358,831

				Period &om
		Unrestricted	Restricted	1 Aug 20to
		Funds	Funds	31Mar 21
GRANTS
Grants receivable			232,861	232,861
Government	grant income	12,503		12,503
		12,503	232,861	245,364

CHARITABLE ACTIVITIES
				Period from
	Unrestricted	Total Funds	Unrestricted	1 Aug 20 to
	Funds	2022	Funds	31 Mar 21
School teaching income	103,481	103,481	62,763	62,763
Pupil Tuition	158,319	158419	48,147	48,147
Other income	12,358	12458	8,185	8,185
Rock School dt Virtual School	4,540	4,540	6,000	6,000
Room hire	6,793	6)793
	285,491	285)491	125,095	125,095

EXPENDITURE ON CHARITAB	LE ACTIVITIES BY FUND TY	PE
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
Pupil tuition	26,593	110,036	136,629
Music centres	5,455	22,572	28,027
School teaching	36,139	149,536	185,675
Support costs	265,837	79,041	344,878
	334,024	361,185	695409
			Total Funds
			Period from
	Unrestricted	Restricted	1Aug 20to
	Funds	Funds	31Mar 21
Pupil tuition	10,977	64,289	75,266
Music centres	1,568	9,185	10,753
School teaching	13,589	79,595	93,]84
Support costs	93,370	83,735	177,104
	119,504	236,804	356,307

EXPENDIT	URE ON CHAR	ITABLE ACTIVITIE	S BYACTIVI	TY TYPE
					Total fund
		Activities			Period from
		undertaken		Total funds	1Aug20to
		directly	Support costs	2022	31Mar 21
					f.
Pupil tuition		136,629	134,157	270,786	146,150
Music centres		28,027	27,449	55,476	20,879
School teaching		185,675	176,915	362490	180,943
Governance	costs		6,357	6,357	8,335
		350,331	344,878	695,209	356,307

on the activities	. The prop	ortions are 53%	teaching for s	chools, 8%m	usic centre an	d 39%pupils.
						Total
						Period from
			Music	School		1 Aug20to
		Pupil tuition	centres	teaching	Total 2022	31 Mar 21
Staffcosts		50,891	10,439	69,159	130,489	67,285
Premises		16,416	3,367	22,309	42,092	50,246
Communications	and IT	1,009	207	1,371	2,587	1,847
General office		22,830	4,683	31,027	58,540	12,414
Human resources		4,051	831	5,505	10,387	6,649
Finance costs		973	200	1,323	2,496	838
Governance costs		6,965	1,428	9,464	17,857	8,336
Insurance		2,909	597	3953	7,459	4,723
Tmvelling		1,299	267	1,766	3432	165
Postage and stationery		551	113	748	1,412	881
Advertising		89	18	120	227	4,469
Computer and sofhvare		17,808	3,241	21,839	42,888	5,206
Miscellaneous	expenses	2,966	608	4,031	7,605	1,782
Tral ning costs		],126	231	1,530	2,887	4,019
Subscriptions		4,617	947	6,275	11,839	8,110
Repairs and renewals		1,085	222	1,474	2,781	135
		135,585	27,399	181,894	344,878	177,105

10.	NET (EXPENDITURE)	NET (EXPENDITURE)	NET (EXPENDITURE)	NET (EXPENDITURE)	/INCOME	/INCOME	/INCOME
	Net (expenditure)/income				is stated after charging/(crediting):
									Period from
									1Aug 20 to
								2022	31Mar 21
								f	f.
	Depreciation	of	tangible		fixed assets			58/40	12,414
11.	INDEPENDENT			EXAMINATION FEES
									Period from
								Year to	1 Aug20to
								31Mar22	31Mar21
	Fees payable	to	the	independent		examiner	for.
	Independent	examination			ofthe financial		statements	3,100	3,000
	Other financial		services					3,258	2,336
								6@58	5,336

full-time equiv	alent employees during the year is anal	ysed as follows:
			Period &om
			1 Aug 20to
		2022	31 Mar	21
		No.	No.
Management	and administration	6		4
Music leaders		10		8
		16		12

TANGIBLE FIXED	ASSETS
	Short
	leasehold	Fixtures	Musical
	improvements	& fittings	instrumentsf	Computers	Totalf
Cost
At 1 April 2021	32,628	58,970	225,284	13,921	330,803
Additions	46,092	72,228	44,332	69,981	232,633
Disposals			(5,750)		(5,750)
At 31March 2022	78,720	131,198	263,866	83,902	557,686
Depreciation
At 1 April 2021		49,695	89,232	5,141	144,068
Charge for the year	7,872	13,003	17,589	20,076	58/40
Disposals			(2,171)		(2,171)
At 31March 2022	7,872	62,698	104,650	25,217	200,437
Carrying amount
At 31March 2022	70,848	68,500	159,216	58,685	357,249
At 31 March 2021	32,628	9,275	136,052	8,780	186,735

DEBTORS
		2022	2021
Trade debtors		5,151	10,980
Prepayments	and accrued income	14,753	10,217
		19,904	21,197

CREDITORS: amounts falling due within one yea	r
	2022	2021
Trade creditors	45,524	55,864
Accruals and deferred income	7415	7,479
Social security and other taxes		7,339
Other creditors	687	2,505
	53,526	73,187
DEFERRED INCOME
	2022	2021
At 1 Apr 21		57,164
Amount released to income		(57,164)
At 31Mar 22

GOVERNM	ENT GRANTS	ENT GRANTS
The ainounts	recognised in the financial		statements	for government	grants are as follows:
					2022	2021
Recognised	in income from donations	and legacies:
Government	grants income				9,037	12,503

Unrestricted	funds
			At			At
		I April 2021		Income	Expenditure	31Mar 2022 f
General funds			730,767	294,528	(334,024)	691,271
			At			At
		I	Aug 2020	Income	Expenditure	31 Mar 2021
General funds			712,673	137,598	(119,504)	730,767
Restricted	funds
			At			At
		I April 2021		Income	Expenditure	31Mar 2022
						f.
Fixed asset	fund		105,889		(13,088)	92,801
Arts Council England			5,511	349,794	(348,097)	7408
			11],400	349,794	(361,185)	100,009
			At			At
		I	Aug 2020	Income	Expenditure f	31Mar 2021
Fixed asset	fund		115,343		(9,454)	105,889
Arts Council England				232,861	(227,350)	5,511
			115,343	232,861	(236,804)	111,400

21.	ANALYSIS O	FN	ET AS	SETSBETWE	EN F	UNDS
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2022
								f
	Tangible fixed	assets				264,448	92,801	357/49
	Current assets					480,349	7,208	487,557
	Creditors less than		1 year			(53,526)		(53&526)
	Net assets					691,271	100,009	791,280
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2021
	Tangible fixed	assets				80,846	105,889	186,735
	Current assets					723,108	5,511	728,619
	Creditors less than		1 year			(70,187)		(70,187)
	Net assets					733,767	111,400	845,167
22.	ANALYSIS OF CHANGES IN NET DEBT
						At		At
						1 Apr 2021	Cash tlows f	31Mar 2022
	Cash at bank and		in hand			707,422	(239,769)	467,653
23.	OPERATING	LEASE COMMITMKNTS
	The total future minimum			lease payments	under	non-cancellable operating leases are as follows:
							2022	2021
							f
	Not later than	1year					29/50	29,250
	Later than 1 year and not			later than 5 years			234,000	234,000
							263450	263,250
24.	RELATED PARTIES