OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

Music and Arts for the Shepway Community Charitable Incorporated Organisation Registered Charity Number 1170602

Trustees Report and Accounts for the year ended

31 August 2021

Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31[st] August 2021 Contents

Charity Information 2
Introduction 3
Organisation 3
Objectives and activities 3
Achievements and Performance 3
Financial Review 3
Independent examiner's report on the accounts 5
Statement of Financial Activities 7
Balance Sheet 8
Notes to the accounts 9

1

Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31[st] August 2021

Charity Information

Address Ridgewood North Lyminge Lane Lyminge Folkestone Kent CT18 8EE Bankers HSBC Ashford Accountant Anderson Accounts Ltd Mill Meadow Tanners Hill Hythe Kent CT21 5UG

2

Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31[st] August 2021

Introduction

The trustees present their report and financial statement for the year ending 31[st] August 2021. This report is presented in accordance with the Charities SORP (Statement of Recommended Practice) for FRS 102 which became effective 1 January 2015.

The Charity is a Charitable Incorporated Organisation (CIO). It was established on 7[th] December 2016 to take forward the activities of the registered company, Guildhall Sports and Arts CIC (registration number 07376827) after independent advice around funding possibilities and gift aid.

Organisation

The trustees are:-

Ms Samantha Wraight (chair) Mr John Garlinge (treasurer) Ms Lauren Meston

The Members of the CIO are individuals who undertake to act in good faith to further the purposes of the CIO. The affairs of the CIO are managed by the Charity Trustees.

Objectives and activities

The objectives of the organisation are to provide arts services within the Folkestone and Hythe district, primarily focussed on four key demographics – the elderly, children, the disabled and anyone in social or economic deprivation. Where possible, all activities are provided free of charge although donations are encouraged to fund these activities.

Achievements and Performance

In the previous financial year, the MASC Board set an objective to build the reserves pot up to a level that, together with contributions from its members, would fund the charity for 12 months in the event that external funding could not be obtained. And as at the end of August 2020, the charity had achieved this objective. This pot will only be spent in the event of an emergency.

This strategy has proved particularly effective, during the year with the Covid situation which resulted in two major funding bids and all planned fundraising events being cancelled. Despite the current economic situation, the charity remains in a strong financial position and as of August 2020 has a full reserves pot as well as external funding in excess of £14,000, the latter planned to last well into next year.

3

In Marth when Covid hit, choir sessions were paused. The charity however felt a higher than normal demand for its servicesto the community, with tts members and members of the wider communFty feeling Isolated. With restricknons around the large grDUPS meeting in person and people shielding etc, the decision was made to divert all sessions online and, together with external funding granted by the government, the lottery and KCF, put into play schedule of events old and new, reaching more of the community than ever before. Flnandal Revlew Year on year income has reduced from £60,829 to £36.211. a decrease of 40Y.. Th15 has been due to the effert of Covid-19 on the organisation's activities. After all costs have been taken into account, the surplus for the year was £10,082 compared to £15,825 for the previous year. a decrease of 36%. This is mainly due to the increase in grant income to cover expenses and the decision to ncrease the reserves pot. as explained above. Going Concern Despite the effects of Covid-19, this is the fourth successive year that MASC has made a surplus and the CIO is in a strong position. Due to this, the trustees have no concerns about the entity as a going concern. Signed John Gadinge Trustee Date.. ioKos12*>2L

Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31[st] August 2021

Independent examiner's report on the accounts

Report to the trustees of Music and Arts for the Shepway Community on the accounts for the year ended 31st August 2021 set out on pages 7 to 10.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). The charity’s trustees consider that an audit is not required for this year under Part 16 of the 2006 Act and that an independent examination is needed.

It is my responsibility to: examine the accounts under section 145 of the Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

5

view whlch is not a matter considered as part of an Independent examlnation; or •the accounts have not been prepared In accordance wlth the Charities SORP IFRS102). I have no concerns and have come across no other matters In connectlon wlth the examination to which attention should be drawn In thls report In order to enable a proper understandin8 of the accounts to be reached. Signed: Date: 2f/o4/202 Z Ben Weiner ACMA CGMA Address: Kitht 14 is&¥ 6AT

Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31[st] August 2021

Statement of Financial Activities

Note
Incoming resources
2
Non-exchange transactions
Exchange transactions
Total incoming resources
Resources expended
3
Direct charitable expenditure
Administrative expenses
Total resources expended
Surplus/(deficit) for the year
Brought forward from previous year
Carried forward 31st August 2020
4		 2021
2020
33,445
53,690
2,766
7,139
36,211
60,829
(22,627)
(37,007)
(3,502)
(7,997)
(26,129)
(45,004)
10,082
15,825
28,563
12,738
38,645
28,563

7

Music And Arts for the Shepway Community Clo Registered Number 1170602 Trustees Report and Accounts for the year ended: 31" August 2021 Balance Sheet Notes 2021 2020 Fixed Assets 3,559 4,663 Current Assets Stock Debtors Prepayments Cash at bank and in hand 3,068 260 2,780 43,390 43,292 Credltors.. amounts falllng due wlthln one year 16,135) 116,1181 Net current assets 37,255 27,174 Credttors: amounts falllng due after one year 12,1691 13,274) Net assets Charity Funds Unrestricted Funds 38,645 28,563 Total Charity Funds Notes I to 8 form part of these accounts. Account5 approved by trustees J G3rlin8e Date..

Music And Arts for the Shepway Community CIO Registered Number 1170602

Trustees Report and Accounts for the year ended: 31[st] August 2021

Notes to the accounts

1 Accounting Policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Charities SORP for FRS 102 which came into effect on 1 January 2015. The company has opted to report on a receipts and payments basis.

Turnover

Turnover on sales is recognised when the sales activity has been completed or a donation has been received.

2 Incoming resources

Non-exchange transactions

Donations from clients
Grants
Other donations
Gift aid income
Exchange transactions
Income from concerts
Sales to customers
Special events proceeds
Interest Received		 2021
2020
£
£
6,915
9,061
25,639
40,176
603
1,693
288
2,760
33,445
53,690
2021
2020
£
£
-
2,033
-
45
2,763
5,056
3
5
2,766
7,139

9

3 Resources Expended

Direct charitable expenditure

Practitioners
Special events costs
Venue hire
Uniforms
Other direct costs
Administrative expenses
Bank charges
Insurance
Software
Printing costs
Depreciation
Travel
Training
Website
DBS Checks
Safeguarding costs
Health and Safety
Publicity
Admin fees
Accountancy fees
Other costs
4
Charity funds
Brought forward from previous fnancial year
Surplus/(defcit for the year)
5
Debtors
Trade debtors
Gift aid reclaim due from HMRC		 2021
2020
£
£
19,840
32,365
742
1,426
480
2,260
-
865
1,565
91
22,627
37,007
2020
2020
£
£
601
719
564
663
17
220
1,104
739
-
-
-
183
480
2,587
-
-
-
66
164
137
-
1,090
150
151
400
350
22
1,092
3,502
7,997
2021
2020
£
£
28,563
12,738
10,082
15,825
38,645
28,563
2021
2020
£
£
-
-
980
2,780
980
2,780

10

6 Creditors: amounts falling due within 1 year

2021
2020
£
£
Trade creditors
400
-
Deferred sponsorship income
4,085
1,311
Grant
1,250
14,110
Other creditors and accruals
400
697
6,135
16,118
7
Creditors: amounts falling due within 1 year
2021
2020
£
£
Deferred Income relating to grant for funding
fxed assets - will be ofset against
depreciation in following years
2,169
3,274
2,169
3,274
8
Fixed Assets - Cost
Ofce
Equipment
PA
Equipment
Total
£
£
£
Opening Balance 1 Sep 2020
1,799
3,270
5,519
Additions
-
-
-
Disposals
-
-
-
Closing Balance 31 Aug 2021
1,799
3,720
5,519
Fixed Assets - Depreciation
Ofce
Equipment
PA
Equipment
Total
£
£
£
Opening Balance
(340)
(516)
(856)
Charge in the Year
(360)
(744)
(1,104)
Disposals
(700)
(1,260)
(1,960)
Total Fixed Assets Closing
1.099
2.460
3,559
Total Fixed Assets Opening
1,460
3,203
4,663		 2021
2020
£
£
Trade creditors
400
-
Deferred sponsorship income
4,085
1,311
Grant
1,250
14,110
Other creditors and accruals
400
697
6,135
16,118
7
Creditors: amounts falling due within 1 year
2021
2020
£
£
Deferred Income relating to grant for funding
fxed assets - will be ofset against
depreciation in following years
2,169
3,274
2,169
3,274
8
Fixed Assets - Cost
Ofce
Equipment
PA
Equipment
Total
£
£
£
Opening Balance 1 Sep 2020
1,799
3,270
5,519
Additions
-
-
-
Disposals
-
-
-
Closing Balance 31 Aug 2021
1,799
3,720
5,519
Fixed Assets - Depreciation
Ofce
Equipment
PA
Equipment
Total
£
£
£
Opening Balance
(340)
(516)
(856)
Charge in the Year
(360)
(744)
(1,104)
Disposals
(700)
(1,260)
(1,960)
Total Fixed Assets Closing
1.099
2.460
3,559
Total Fixed Assets Opening
1,460
3,203
4,663		 2021
2020
£
£
Trade creditors
400
-
Deferred sponsorship income
4,085
1,311
Grant
1,250
14,110
Other creditors and accruals
400
697
6,135
16,118
7
Creditors: amounts falling due within 1 year
2021
2020
£
£
Deferred Income relating to grant for funding
fxed assets - will be ofset against
depreciation in following years
2,169
3,274
2,169
3,274
8
Fixed Assets - Cost
Ofce
Equipment
PA
Equipment
Total
£
£
£
Opening Balance 1 Sep 2020
1,799
3,270
5,519
Additions
-
-
-
Disposals
-
-
-
Closing Balance 31 Aug 2021
1,799
3,720
5,519
Fixed Assets - Depreciation
Ofce
Equipment
PA
Equipment
Total
£
£
£
Opening Balance
(340)
(516)
(856)
Charge in the Year
(360)
(744)
(1,104)
Disposals
(700)
(1,260)
(1,960)
Total Fixed Assets Closing
1.099
2.460
3,559
Total Fixed Assets Opening
1,460
3,203
4,663
1,799
3,720
5,519
Ofce
Equipment
PA
Equipment
Total
£
£
£
(340)
(516)
(856)
(360)
(744)
(1,104)
(700)
(1,260)
(1,960)
1.099
2.460
3,559
1,460
3,203
4,663

11