Music and Arts for the Shepway Community Charitable Incorporated Organisation Registered Charity Number 1170602 Trustees Report and Accounts for the year ended 31 August 2024
Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31" August 2024 Contents Charity Information Sntroduction Organlsatlon Objectlves and actlvltle5 Achievements and Perforniance Financial Revlew Independent examlner's report on the acmunts Statement of Flnanclal Artmtles Balan Sheet Notes to the accounts
Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31" August 2024 Charity Infonnation Address Ridgewood North Lyminge Lane Lyminge Folkestone Kent CT18 8EE Bankers HSBC Ashford Accountsnt Anderson Accounts Ltd Mill Meadow Tanners Hill Hythe Kent 215UG
Music And Arts for the Shepwdy Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31" August 2024 Introduction The trustees present their report and financial statement for the year ending 31" August 2024. This report is presented in accordance with the Charities SORP (Ststement of Recommended Practice) for FRS 102 which became effective l January 2015. The Charity is a Charitable Incorporated Organisation (ao). It was established on December 2016 to take forward the activities of the registered company, Guildhall Sports and Arts CIC Iregistration number 07376827) after independent advice around funding possibilities and gift aid. Organisation The trustees 3re:_ Linda Harris Ichair) John Garlinge (treasurer) Tracey Lynn Walker (appointed 01 January 2024) Oletha Lai (appointed 05 February 2024) Samantha Wr3ight (resigned Dember 2023) Felictty Shemoon (appointed 05 February 2024, resigned in July 2024) The Members of the CIO are indtviduals 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 objective5 of the organisation are to provide arts serrfices 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 2019-20 financial year. the MASC Board set an objective to build the reserves pot up to a level that, together with contributions from tts members, would fund the charity for 12 months in the event that external funding could not be obtained. This objective was achieved bythe end of that financial year. This pot will only be spent in the event of an emergency.
The charity is still in a strong position with annual expenditure in 2022-23 being £36,300 and the charity having over £27,lJ)O available in cash. Financial Review Year on year income has reduced slightly from £33,087 to £24,850, a decrease of 25%. The reduction is due to a larger one-off donation in the previous year, a reduttion in grant income, and gift aid not having been claimed during the 2023-24 financial year. After all costs have been taken into account, there was a deficit of £11.455 compared to a deficit of £4,932 in the previous financial year. Going Concern Despite the deficit, it is felt that the CIO is still in a strong position. Due to this, the trustees have no concerns about the entity as a going concern. igne John Garlinge Trustee Date:
Music And Arts for the Shepvrdy Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31° August 2024 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 2024 set out on pages 7 to 10. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the comp3ny for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061"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 14515){b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination was carried out in accordance with generdl 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: accounting records were not kept in accordance with section 386 of the Companies Act 2006" or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair,
view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance wlth the Charities SORP {FRS102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Signed: Date: è&/e(*/x r Ben Weiner ACMA CGMA Address: FLAr io WÉSS£ ts4TÈ 66 /rfsktllLAWS£ QOA £Gi¥ 2AItr
Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31" August 2024 Statement of Financial Activities Note 2024 Incoming resource5 Non*xchange transattions Exchange transartions Totsi incoming resources 2023 18.266 6,584 24.850 25,965 7,122 33.087 Resources expended Dirert charitable expenditure Administrative expenses Total resources expended (32,854) (31,933) {3,451) (4,154) (36,305) (36,087) Surplus/ldeficit) for the year Brought fonuard from previous year Carried forward 31" Au8USt 2023 {11,455) (3,0001 40,577 43,577 29.122 40,577
Music And Arts for the Shepvray Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31" August 2024 Balance Sheet Notes 2024 2023 Fixed Assets 1.316 1,994 Current Assets Stock Debtors Cash at bank and in hand 1,500 1,500 265 42,903 44,669 29,236 Credltors: amounts fallln8 due wlthln one year {1,430) 16,086) Net current assets 27,806 38,583 Credltors: amounts falllng due after one year Net assets 40,577 Charlty Funds Unrestricted Funds 29,122 40,577 Total Charlty Funds 29,122 Notes I to 8 form part ol these accounts. Accounts approved by trustees J Garlinge Date-.
Music And Arts for the Shepway Community CIO Registered Number 1170602 Trustees Report and Accounts for the year ended: 31. August 2024 Notes to the accounts Accountlng Pollcles Basls of preparatlon The accounts have been prepared under the historical cost convention and in accordance wf(h the Charities SORP for FRS 102 which carne into effect on 1 January 2015. The company has opted to report on a receipts and payments basis. 7bmover Tumover on sales is recognised when the sales activity h&8 been completed or a donation has been received. InGomlng re8ouree8 Non-exchange tran8actlon8 . 2023 Donatsons from clients Grants Other donations Sponsorship / SFrf)nscth evw Glft ald inGorne 12,745 5,075 98 347 11,760 7,096 3,246 365 3,498 Exchange transactions 2028 Income from concerts Sales to Gustomers Special events proceeds Interest Received 3.078 3,831 2,920 586 2,990 301 7,122
Resources Expended Direct charitsble expen(ffture 2024 2023 Practitioners Special events costs VenLte hire Unrforms Other direct costs 24,410 1,203 4.787 2.200 254 20.710 975 9,391 732 125 31.933 Administrative expenses Bank charges Insurance Software Printing costs Depreciation Website Entertainment Admin fees Accountancy fees Other Gosts 95 607 468 406 1.136 97 126 607 1,054 566 1.132 22 350 270 3.451 300 316 4,154 Charlty lunds 2024 2023 Brought foNard from previous financial year Surplusl(deficit for the yea 40,577 11.455 29.122 43,577 3,000 40.577 Debtors Trade debtor5 Gift aid reclaim due from HMRC 265 io
Creditors: amounts falling due within 1 year 2024 2023 Trade fftditors Deferred sponsorship income Grant Other credrtors and accruals 1,430 6,086 6.086 Credltors: amounts falling due within 1 year 2023 Deferred Income relating to grant ft)r funding fixed assets - will be offset agaÉnst depreciation in folh)wing years Fixed Assets - Cost PA Equipmerrt Totsl Equipment Opening Balance 1 Sep 2023 Additions Disposals Closing BatanGe 31 Aug 2024 2,470 458 3,720 6,190 458 4720 Fixed Assets - Deweciation PA Equiprnent Total Equlpment Opening Balan Charge in the Year Disposals (1,44n (392) 12,749) (744) (4,196) (1 ,136) (1,839) (4494) 15,332) Total Fixed Assets Closing Total Fixed Assets Opening 227 971 1,023 1,994 li