2021-08-31-accounts - Regis School Of Music

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Report ofthe Trustees
Independent Examiner's		Report
Statement of F'mancial		Activities
Balance Sheet
Notes to the Financial	Statements		5 to 10
Detailed Statement ofFmancial Activities

Statem tofFinancial for tbe Year Ended 31	Acti 'ties A 2021
					31.8.21	31.820
			Unrestricted	Restricted	Total	Total
		Notes	fund f	fiund f	funds f	ftmds f
INCOME AND ENDOWMENTS FROM
Charitable aetivltles
Concerts						584
Bursaries			(359)		(359)	(251)
Other trading activities			6,442		6,442	25,047
Total			6,083		6,083	25,380
EXPENDITURE ON Raising funds			12,955		12,955	14,019
Charitable activities
Governance						813
Total			12,955		12,955	14,832
NET INCOME/(EXPENDITURE)			(6,872)		(6,872)	10,548
RECONCILIATION	OF FUNDS
Total funds brought	forward		39,079		39,079	28,531
TOTAL FUNDS CARRIED FORWARD			32307		32307	39,079

Balance Sheet At 3I~Au ust 2JQ1
				31.82I	31.8.20
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	f	f	8	f
FIXEDASSETS
Tangible assets	8	34,716		34,716	38,350
CURRENT ASSETS
Cash at bank and in band		8,823		8,823	12,910
CREDITORS
Amounts fafiiog due within one year		(501)		(501)	(550)
NKT CURRENT ASSETS				8,322	12,360
TOTAL ASSETSLESSCURRENT
LIABILITIES		43,038		43,038	50,710
CREDITORS Amounts fifiling due after more than one year	10	(10,831)		(10,831)	(11,631)
NET ASSETS		32307		32207	39,079
FUNDS	12
Unrestricted funds				32207	39,079
TOTAL FUNDS				32307	39,079

Raising dollatlolls	and	legacies
				31.821 f	31.8.20 f
Rates and water				67	69
Insurance				1,102	1,336
Light and heat Refreslnnents				1,117 86	1.420 292
Cleaning ofhall Music sheets and computer send ries Equipment mainteoance Support costs				439 395 9,749	170 573 150 10,009
				12,955	14,019
SUPPORT COSTS
				Governance
			Management f	costs f	Totals f
Raising donations	and legacies		8,874	875	9,749
Support costs, included		in the above, are as follows:
Managemeat				31.8.21	31.820
				Raising
				donations and
				legacies	Total activities f
Telephone Postage and stationery Sundries Repairs and renewals Motor and travel expenses Depreciation oftangible and heritage assets				635 450 132 3,199 824 3,634	706 1,324 332 2,119 1,894 3,634
				8,874	10,009
Governance costs				31.821	31.820
				Raising
				donations and
				legacies f	Total activities f
		f		875	813

Net income/(expenditure	) is slated a	fier charging/(crediting):
				31.8.21	31.8.20
				f	6
Depreciation - owned assets				3,634	3.634
TRUSTEES' REMUNERATION		AND BENEFITS
There were no trustees'	remuneration	or other benefits for the year ended 31 August		2021 nor for the year ended
31 August 2020.
Trllstees expellses There were no trustees'	expenses paid for the year ended 31 August 2021 nor for the			year ended 31 August 2020.
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
			Unrestricted	Restricted	Toad
			fund	fund f	funds f
INCOME AND ENDOWMENTS		FROM
Charitable activities
Concerts			584		584
Bursaries			(251)		(251)
Other trading activities			25,047		25,047
Total			25380		25,380
EXPENDITURE ON Raising funds			14,019		14,019
Charitable activities
Governance			813		813
Total			14,832		14,832
NET INCOME/(EXPENDITURE)			10,548		10,548
RECONCILIATION	OF FUNDS
Total funds brought	forward		28,531		28,531
TOTAL FUNDS CARRIED FORWARD			39,079		39,079

8.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
	Freehold		Fixtures and
	property f		Snings	Totals
	COST
	At 1 September 2020 and 31 August 2021	14,735	36,341	51,076
	DEPRECIATION
	At 1 September 2020		12,726	12,726
	Charge for year		3,634	3,634
	At 31 August 2021		16,360	16,360
	NKT BOOK VALUE
	At 31 August 2021	14,735	19,981	34,716
	At31 August2020	14,735	23,615	38.350
9.	CRFJ)ITORSt AMOUNTS FALLING DUK WITHIN ONK YEAR
			31.8.21	31.820
			f	f
	Trade creditors		1
	Other creditors		500	550
			501	550
10.	CREDITORSr AMOUNTS FALLING DUE AFTER MORE THAN	ONE	YEAR
			31.8.21	31.8.20
			f
	Other loans (see note 11)		10,831	11,631
11.	LOANS
	An analysis ofthe maturity of loans is given below:
			31.8.21	31.8.20
				f
	Amounts falling between one and two years: Other loans - 1-2 years		10,831	11,631
12.	MOVEMKNT IN FUNDS
			Net movement
	At	1.9.20	in fimds	At31.8.21
		f	f	f
	Unrestricted feeds
	General fund	39,079	(6,872)	32307
	TOTAL FUNDS	39.079	(6,872)	32307

A current yea as follows:	r 12months and prior year 12	months combined net movement in f	unds, included i	n the above a
		Incoming	Resources	Movement in
		resources f	expended	funds f
Unrestricted General fund	funds	31,463	(27,787)	3,676
TOTAL FUNDS		31,463	(27,787)	3,676

Detail tatem ofFina for the Year Ended 31Au	ncial Activiti 2021
		31.8.21	31.8.20
INCOME AND ENDOWMENTS
Other trading activities
Hire ofhall		1,516	9,092
Grants and donations		4.015	14,652
Sundry income		911	1.303
		6,442	25,047
Charitable activities
Concert income			1,584
Performers fees and sundry	exp enses		(1,000)
Bursary income		2,$10	2,452
Teachers fees etc		(3,169)	(2,703)
		(359)	333
Total iacoptlng rmources		6,083	25380
I
Raising donations and legacies
Rates and water		67	69
Insurance		1,102	1336
Light and heat		1,117	1,420
Reireshments		86	292
Cleaning ofhall		439	170
Music sheets and computer	sund ries	395	573
Equipment maintenance			150
		3,206	4,010
Support costs
Management
Telephone		635	706
Postage and stationery		450	1324
Sundries		132	332
Repairs and renewals		3,199	2,119
Motor and travel expenses		824	1,894
Fixtures and fiuings		3,634	3,634
		8,874	10,009
Goveraance costs
Accountancy and legal fees		875	813
Total resources expended		12,955	14,$32
Net (expenditure)/income		(6,872)	10,548