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|||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||





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|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<br>and fundraising|||6,559|4,000||10,559|10,434|
|Performances<br>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<br>and sundry<br>income|||1,353|||1,353|1,706|
|Totalincome|||60,629|3,286||63,915|81,936|
|Expenditure<br>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<br>administration||||||||
|Fees to administrator|||15,321|||15,321|19,945|
|Advertising<br>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,<br>postage, stationery,|telephone||1,279|||1,279|1,160|
|Sundries|||368|||368|226|
||||52,385|||52,385|54,292|
|Governance<br>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<br>in funds|||6,474|2,991||9,465|26,600|
|Total funds brought forward<br>Total funds carried forward|||65,244<br>~1|9,687||74,931<br>SLUE|48,331<br>~1|





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||||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|





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





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|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<br>in period|||664|
|Disposals||||
|As at31August 2020|||1,946|
|Net book value||||
|As at 31August 2020||||
|As at 1Sept|2019|||





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|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|



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|9<br>Restricte|d<br>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|