| PAGE | |
|---|---|
| TRUSTEES' REPORT | |
| INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF | |
| FINCHLEY CHILDREN'S MUSIC GROUP | |
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR | |
| ENDED 31AUGUST 2023 | |
| BALANCE SHEETAT31AUGUST 2023 | 10 |
| NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31AUGUST 2023 |
| Restdicted | |||||||
|---|---|---|---|---|---|---|---|
| 8L | |||||||
| General | Designated | 2023 | 2022 | ||||
| Fulld | Funds | Total | Total | ||||
| f | f | f | f | ||||
| Income from charitable activities: | |||||||
| Subscriptions | 68,702 | (1,556) | 67,146 | 58,174 | |||
| Gift aid | 13,526 | 13,526 | 10,128 | ||||
| Donations and |
fundraising | 1,482 | 9,000 | 10,482 | 716 | ||
| Performances | and recordings | (Note 2) | 4,236 | 4,236 | (158) | ||
| Royalties | 679 | 679 | 1,170 | ||||
| Sundry income | 1,372 | 1,372 | 155 | ||||
| Total income | 89,997 | 7,444 | 97,441 | 70,185 | |||
| Expenditure on charitable activities: |
|||||||
| Direct musical | expenditure | ||||||
| Summer school | (Note 3) | (1,305) | 1,030 | (275) | 4,930 | ||
| Music | 2,267 | 2,267 | 2,188 | ||||
| Rehearsal costs: hire of hall and piano | 9,855 | 9,855 | 10,108 | ||||
| Rehearsal costs: fees to music |
staff | 35,699 | 1,973 | 37,672 | 29,840 | ||
| Direct charitable administration |
|||||||
| Fees to administrator | 27,402 | 27,402 | 2,123 | ||||
| Advertising and |
recruitment | 4,353 | |||||
| Bank fees | 74 | 74 | 107 | ||||
| Depreciation | 1,036 | ||||||
| Gifts | 111 | 111 | 882 | ||||
| Insurance | 269 | 269 | 257 | ||||
| Printing, postage, stationery, |
telephone | 1,546 | 1,546 | 1,166 | |||
| ITCost | 334 | 334 | 6,200 | ||||
| Sundries | 1,970 | 1,970 | 2,330 | ||||
| 78,222 | 3,003 | 81,225 | 65,520 | ||||
| Governance costs |
|||||||
| Audit | 1,000 | 1,000 | 1,100 | ||||
| Total expenditure | 79,222 | 3p003 | 82,225 | 66,620 | |||
| Net income/(expenditure) | 10,775 | 4,441 | 15p216 | 3,565 | |||
| Gross transfers | between funds | (5,000) | 5,000 | ||||
| Net movement | in funds | 5,775 | 9,441 | 15,216 | 3,565 | ||
| Total funds brought forward | ~45 960 | ~24918 | ~70878 | ~67313 | |||
| Total funds carried forward | ~51735 | ~34359 | ~86 094 | ~70878 |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| 6 | E | ||||
| Fixed assets | 5 | ||||
| Current assets | |||||
| Stock | 6 | 644 | 635 | ||
| Debtors | 7 | 13,523 | 11,816 | ||
| Cash at bank | and in | hand | 101643 | ~76931 | |
| 115,810 | 89,382 | ||||
| Creditors: Amounts within one year |
falling due | 8 | ~29716 | 18504 | |
| Net current | assets | 86,094 | 70,878 | ||
| Total assets | less current liabilities | 86,094 | 70,878 | ||
| Net assets | ~86094 | 7~0878 | |||
| Funds ofthe | Charity: | ||||
| Unrestdcted | fund | 51,735 | 45,960 | ||
| Restricted funds | g | 10,341 | 5,814 | ||
| Designated funds |
g | 24,018 | 19,104 | ||
| Total | ~86094 | ~70878 |
| 2023 | 2022 | |
|---|---|---|
| E | E | |
| Audit fee | ~1000 | ~1100 |
| 5 Fixed Assets |
||
| Office | ||
| equipment | ||
| E | ||
| Cost | ||
| As at 1Sept 2022 | 3,025 | |
| additions | ||
| Disposals | ||
| As at31August 2023 | ~3025 | |
| Depreciation | ||
| As at 1Sept 2022 | 3,025 | |
| Charged in period |
||
| Disposals | ||
| As at 31August 2023 | ~3025 | |
| Net book value | ||
| As at 31August 2023 | ||
| As at 1Sept 2022 | ||
| 6 Stock |
||
| 2023 E |
2022f | |
| Choir uniforms | 644 | 635 |
| NOTE 7 |
S TO THE ACCOUNTS Debtors |
FOR TH | E YEAR EN | DED 91AU | GUST 20 | 9(cont.) |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f | f | |||||
| Gift Aid | 13,414 | 10,128 | ||||
| Other debtors | 109 | 1,649 | ||||
| Prepayments | 39 | |||||
| ~13523 | ~11816 | |||||
| 8 | Creditors: Amounts | falling | due within | one year | ||
| 2023 | 2022 | |||||
| f | f | |||||
| Other creditors | 920 | 485 | ||||
| Accruals | 28,796 | 18,019 | ||||
| ~29716 | ~18504 | |||||
| 9 | Restricted and Designated | Funds | ||||
| Balance | Incoming | Outgoing | Transfer | Balance | ||
| 01.09.22 | from | 31.08.23 | ||||
| General | ||||||
| fund | ||||||
| f | ||||||
| Big Give Fund —Restricted | 3,468 | 2,000 | (413) | 1,500 | 6,555 | |
| TA Fund —Restricted | 2,346 | 2,000 | (1,560) | 1,000 | 3,786 | |
| Recording | Fund —Designated | 15,000 | 15,000 | |||
| Bursary Fund- Designated | 4,104 | (2,586) | 2,500 | 4,018 | ||
| Concerts | Fund- Designated | 5,000 | 5,000 | |||
| 24918 | ~9000 | ~4559 | ~5000 | ~34359 |