2020-08-31-accounts

		PAGE
TRUSTEES' REPORT
INDEPENDENT AUDITORS'	REPORT TO THE MEMBERS OF
FINCHlEY CHILDREN'S MUSIC GROUP
STATEMENT OF FINANOAl	ACTIVITIES FOR THE YEAR
ENDED 31AUGUST 2020
BAlANCE SHEET AT31AUGUST 2020
NOTES TO THE ACCOUNTS	FOR THE YEAR ENDED 31AUGUST 2020

STATEMENT OF FINAN	CI	AL ACTIVIT	IES FOR THE	YEAR ENDE	YEAR ENDE	D 31AU	GUST 2
			General	Restricted		2020	2019
			Fund	Fund		Total	Total
			E	E		E
Income from charitable acdvltfes:
Subscriptions			45,152	(664)		44,488	67,218
Gift aid			9,263			9,263	11,140
Donations and fundraising			6,559	4,000		10,559	10,434
Performances and recordings		(Note 2)	1,567			1,567	(2,095)
Summer school (Note 3)			(3,323)		(50)	(3,373)	(6,414)
Royalties							104
Uniform sales (net)			58			58	(157)
Canteen and sundry income			1,353			1,353	1,706
Totalincome			60,629	3,286		63,915	81,936
Expenditure on charitable	activities:
Direct musical expenditure
Music			2,237			2,237	2,150
Rehearsal costs: hire of hall	and piano		6,668			6,668	5,173
Rehearsal costs: fees to music		staff	22,302	1,009		23,311	24,481
Direct charitable administration
Fees to administrator			15,321			15,321	19,945
Advertising and recruitment			2,963			2,963	720
Bank fees			74			74	74
Depreciation			664			664	189
Gifts			261			261	42
Insurance			248			248	132
Printing, postage, stationery,	telephone		1,279			1,279	1,160
Sundries			368			368	226
			52,385			52,385	54,292
Governance costs
Audit			1,056			1,056	1,044
Total expenditure			53,441	1,009		54,450	55,336
Net income/(expenditure)			7,188	2,277		9,465	26,600
Gross transfers between funds			(714)		714
Net movement in funds			6,474	2,991		9,465	26,600
Total funds brought forward Total funds carried forward			65,244 ~1	9,687		74,931 SLUE	48,331 ~1

			Note	2020	2019
				E	E
Fixed assets
Current assets
Stock				528	716
Debtors				9,634	16,978
Cash at bank	and in	hand		ZLZZ	~7
				89,556	85,458
Creditors: Amounts		falling due
within one year
Net current	assets			84,396	74,931
Total assets	less current liabilities			84,396	74,931
Creditors: Amounts		falling due after
more than one year
Net assets
Funds ofthe	Charity:
Unrestricted	fund			71,718	65,244
Restricted fund			9	12,678	9,687

2	Performa	nces and recordings
			2020	2019
			E	E
Income Expenditure	before project costs		7,668 58'	42,176
Surplus/deficit			2,247	1,205
Commission/Recording		project costs	jQk@	R3QQl
Overall surplus/(deficit)			L56Z	Q892

3	Summer	school
			2020	2019
			E	E
Income			3,230	21,180
Expenditure			%SR
Deficit/Surplus

Net income	for the year is arrived at after charging:
		2020	2019
			E
Audit fee		LQK	1dKk
5	Fixed Assets
			ONce
			equipment
			E
Cost
As at 1Sept	2019		1,282
Additions			664
Disposals
As at 31August 2020			1,946
Depreciation
As at 1Sept	2019		1,282
Charged in period			664
Disposals
As at31August 2020			1,946
Net book value
As at 31August 2020
As at 1Sept	2019

NOTES	TO THE ACCO	UNTS FOR THE	YEAR EN
6	Stock
		2020	2019
		E	E
Choir uniforms		52K	Z15.
7	Debtors
		2020	2019
		E	E
Gift Aid		9,263	11,086
Other debtors		171	5,892
P repayments		200
		KSK

8	Creditors: Amounts	falling due within one year	falling due within one year
		2020	2019
		E
Summer	school	2,804	168
Fees to	music staff		5,020
Other creditors		955	409
Accruals		1,401	4,930
		~60	1KRZZ

9 Restricte	d Fund
	Balance	Incoming	Outgoing	Transfer	Balance
	01.09.19			from	31.08.20
				General
				fund
				E
Bursary Fund			(714)	714
Big Give Fund	9,687		(1,009)		8,678
TA Fund		4,000			4,000