| Page | |||||
|---|---|---|---|---|---|
| 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 |
|||||
| Notes to the financial statements | 10 |
| 31 May 2021 | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Note | ||||
| Current assets | ||||
| Debtors | 14 | 23,121 | 71,049 | |
| Cash at bank and in hand | 58,918 | 12,340 | ||
| 82,039 | 83,389 | |||
| Creditors: amounts | falling due within one year | 15 | 24,014 | 9,958 |
| Net current assets | 58,025 | 73,431 | ||
| Total assets less current liabilities | 58,025 | 73,431 | ||
| Net assets | 58,025 | 73,431 | ||
| Funds ofthe charity Unrestricted funds |
58,025 | 73,431 | ||
| Total charity funds | 17 | 58,025 | 73,431 |
| 2021 | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| Note | funds | Total funds R |
Total funds f |
||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 112,700 | 112,700 | 250,000 | |||
| Charitable activities |
6 | 1,620 | |||||
| Investment income |
7 | 265 | 265 | 13 | |||
| Total Income | 112,965 | 112,965 | 251,633 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 8,9 | 128,371 | 128,371 | 263,567 | ||
| Total expenditure | 128,371 | 128,371 | 263,567 | ||||
| Net expenditure and net |
movement | In funds | (15,406) | (15,406) | (11,934) | ||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 73,431 | 73,431 | 85,365 | |||
| Total funds carried | forward | 58,025 | 58,025 | 73,431 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||||||
| f. | |||||||||
| Donations | |||||||||
| Donations | 112,700 | 112,700 | 250,000 | 250,000 | |||||
| Charitable | activities | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | ||||||
| K | E | ||||||||
| Sale ofgoods/services | as part ofdirect | ||||||||
| charitable | activities | 1,620 | 1,620 | ||||||
| Investment | Income | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | ||||||
| Other interest | receivable | 265 | 265 | 13 | 13 | ||||
| Expenditure | on charitable | activities | by fund type | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds f |
2021 f. |
Funds | 2020 | ||||||
| Classical musical scholarships | 121,948 | 121,948 | 119,589 | 119,589 | |||||
| Awards for | other music | genres | 138,500 | 138,500 | |||||
| Support costs | 6,423 | 6,423 | 5,478 | 5,478 | |||||
| 128,371 | 128,371 | 263,567 | 263,567 |
| 9. | Expendit | ure | on charitabl | e acti |
vities by activity typ | e | ||
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Total funds | Total fund | ||||||
| directly | Support costs | 2021 | 2020 | |||||
| F | F. | F | ||||||
| Classical musical scholarships | 121,948 | 2,164 | 124,112 | 121,378 | ||||
| Awards | for other music genres | 138,500 | ||||||
| Governance | costs | 4,259 | 4,259 | 3,689 | ||||
| 121,948 | 6,423 | 128,371 | 263,567 | |||||
| 10. | Analysis | of | support costs | |||||
| Musical | ||||||||
| scholarships | Total 2021 | Total 2020 | ||||||
| F | F | |||||||
| Human | resources | 1,056 | 1,056 | 936 | ||||
| Insurance | 1,108 | 1,108 | 853 | |||||
| 2,164 | 2,164 | 1,789 | ||||||
| 11~ | Independent | examination | fees | |||||
| 2021 | 2020 | |||||||
| R | F. | |||||||
| Fees payable | to the independent | examiner for: | ||||||
| Independent | examination | ofthe | financial statements | 1,350 | 1,350 |
| Staffcosts | Staffcosts | ||||||
|---|---|---|---|---|---|---|---|
| The total staff costs | and | employee | benefits for the reporting period are analysed as follows: |
||||
| 2021 | 2020 | ||||||
| E | F | ||||||
| Wages and salaries | 18,101 | 17,888 | |||||
| Employer contributions | to pension | plans | 600 | 600 | |||
| 18,701 | 18,488 | ||||||
| The average head |
count of employees | during the year was 1 (2020: 1).The average | number of |
||||
| full-time | equivalent | employees | during the year is analysed as follows: | ||||
| 2021 | 2020 | ||||||
| No. | No. | ||||||
| Number | ofstaff - Administrative | 1 | 1 |
| received by th Debtors |
e trustees. | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Prepayments | and accrued income | 609 | 6,037 |
| Other debtors | 22,512 | 65,012 | |
| 23,121 | 71,049 |
| Creditors: amounts falling due within one year |
||
|---|---|---|
| 2021 | 2020 | |
| F | ||
| Trade creditors | 2,160 | |
| Accruals and deferred income | 16,682 | 3,450 |
| Social security and other taxes | 743 | 96 |
| Other creditors | 6,589 | 4,252 |
| 24,014 | 9,958 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | June 2020 f |
Income | Expenditure | 31 May 2021 | |||
| General | funds | 73,431 | 112,865 | (128,371) | 58,025 | ||
| At | At | ||||||
| 1 | June 2019 | Income f |
Expenditure | 31 May 2020 F |
|||
| General | funds | 85,365 | 251,633 | (263,567) | 73,431 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2021 | ||
| F | R | ||
| Current assets | 82,039 | 82,039 | |
| Creditors less than | 1 year | (24,014) | (24,014) |
| Net assets | 58,025 | 58,025 | |
| Unrestricted | Total Funds | ||
| Funds | 2020 f |
||
| Current assets | 83,389 | 83,389 | |
| Creditors less than | 1 year | (9,958) | (9,958) |
| Net assets | 73,431 | 73,431 |