Registered Charjty Ilymber: 1172491 York Music Hub CIO Trustees Annual Report and Financial Statements for the year ended 31 March 2024 MusicHu
York Music Hub CIO Charity Information Report of the Trustees Independent Examiner's Rert Statement of Financial Activities Balance Sheet tyotes to the Financial Statements 'Hu
York Music Hub CIO Charity Information Trustees Mrs Racbael Clark Mr David lohn Hugh Croft Mrs Ann Margaret Green CBE Mr John Hunt Mr Glyn Jones Mrs Laura Elizabeth Masheder (Retired December 2023) Mr5 Natasha Theone Morris Constitutional forni Charitable Incorporated Organisation {foundation model) Ré9lSttred charlty number 1172491 Registered offlce York Mu51c Hub De GV House St Leonard s Place YOI 7HE Independent Examiner Jeff Todd FCA Outsource 24 First Avenue York Y031 7YQ Bankers CAF Bank 25 Kin95 Hill Avenue Kings Hill Kent ME19 41Q ,Vi.:s1,- Hu
York Music Hub CIO Report of the Trustees for the year ended 31 March 2024 The Trustees present their report and financial Statements for the year ended 31 March 2024 strurture. 9overnance and managern•nt York Music Hub is a Charitable Incorporatet1 Organisotion rcio") governed by a constitution gistered with the Charity Commission on 7 April 2017. York Music trlub has adopted the Foundats"on model of the CIO constitution. Voting rnembers ore therefore the charity Trustees only. In accordance with the constitutSon, TnJstee5 rnay t¢e appolnted for an unlimited period of bme and appointments are approved by the incumbent Trustees by way of a ma]onty deusion. The Board of Trustees meets 4 times a year and is rèsponsible for meeting the aims and objectives. ongoing viability, Strategic developrnent and legal obligations of the chanty. The Board of Trustees holds overall responsibility for the charity's continued success,. it is vital that its Trustees have the necessary skills and krledge to enable them to carry out thls funrtion. The Board of Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Reference and administrative detalls Reference and administrative detai are included within Charity Information, which constitutes part of the Report of the Trustees. ObJeLtlves and activlti The prlmary objettive of the CIO {as defined by its constitution) is.. For the public benefit, to advance the musical education of all d)ildn and young people in the C5ty of York and surrounding area, in suth ways that the charyty Trustees think fit, including by.. Developing sustainable, high quality. diverse and acce55ible musical exper¢ences to enable all childn ènd young people in York to have at leasr some experience of maklng muslc, and the opportunity to develop their skills fvrther if they wish to,. Enhancin9 the education, Itfe experiences and self-confidentt of all children and young people through music within and beyond their school experience- Foster1ng a life-long love of music for all," Working with partners In promoting a vaned range of music opportunitles for chIldn and voung people. Achievements and perforniance The year to March 2024 has been a year of chan9e for York Music Hub,. a new Partnershlps Manager was appointed from September 2023. a Learning Leat1 appointed on contract of up to 30 days a year to support schools with its delivery of Music, both curriculum and co-currTcula, plus a move to full-time office as a base for the Mussc Hub. Also, dunng this year. a Bid was written and subrnitted to Arrs Councrl England IACEI in September 2023 for York Music Hub and North Yorf(shire Music Service to merge together, with North Yorkshire Music Setvice to become the Lead Hub Organisation IHLOI. The results from ACE will be awarded during Apnl 2024.
York Music Hub CIO Report of the Trustees for the year ended 31 March 2024 York Music Hub remains an oryanisation who cornmissns rtrters from across city and nationally to deliver musical opportunities for children and young people of York. These vary considernbly, from workjng with OAE {OrchesttB and the Age of Enlightenment}. to weekly support n providing a Youth Orchestra within the city. With the introduction of the Learning Lead post. the engagement of schoo15 Wlth the Mub has dramatically increased this year, as has the support and acknowledgment from within the city towards the Hub. Some of the achievements lor the year ended 31 March 2024 incltsde.. Six primary schools, almost 500 thildw, Involved in the OAE projert, perfomiing alongside the Orchestrn, either playing vjolin. recorder or singing. A project which started during the Autumn term of 2023 with the perforn)ance to take place at the National Centre of Earty Music. The Hub's ongoing partnershTrp with York GuilJhall Orchestra. whKh enabled the dellvery of three high Quality masterclasses,- two violin and one clarinet masterclass, all with fantastic feedback. Plus rhe opportunity to offer up ro 200 free tlckets for familles to attend a concert perfomiance of the YGO at the Bart)ican, enabling chIldn arK young people to hear and see live music. The York Music Hub's Patron, Ian 8ou5field, worked with the Hub to cate a Brass Day which took place at the Creative Centre of YSJ University November. This included a workshop with Shepherd Brass Band, a Trombone Masterclass with tkne fflembers of the group and ended with a Joint recital. The York Music Hub 15 51JPPOrtlng 113 chlldren and young people from low-lncome households this year. with bursanes to cover the cost of weekly InStrUental / vocal tuition. including five talented young musioans supported via an awartl sponSod by the Company of Merchant Taylor's. A continued partnership with Richard Shepher(l Music Foundation IRSMF} supporting high quality curriculum provision has increased from 4 to 6 schools throughout the year, all schools showing higher than avet3iJe leve15 of pupils eligible for Free School Meals. The number of schools athvety engaging wlth the Hub has Increased throughout the year. Schools are engaging with support from the Learn5ng Lead regarding Development Plans la new requirement for schools since the updated National Plan for Music Educat*on was published) with the aim to have plans completed by end of academic year. Attendance at CPD trainSn9 provided by the Hub has also increased". This Includes the CPD sessions for Primary Mtjsic Leads ar non-speciallst classroom teachers. ineluding sessions on 'cating your Development Plan, and 'Oelivering Music Tethnology in the classroom. &'Support for Early Years Muslc deltvery,. A Network Event in July 2023 for all Music Educator5 in York. Included a Keynote Speaker.. Simon Toyne, director of Music Teachevs Association. This was extremely well attended and a huge SucsS for the Hub. A CPD day in September'Makin9 Music Inclusive, in partnership with NYMAZ. (now rebranded as AMPI. for all Approved Tutors was well attended and 511PPQrted. It focused on maksng teaching and activities accessible to those with speaal educational needs, esp111¥ in mainstream settings. The York Mtjsic Hub continues to sUprt York Music EdLtcation (pVuslY York Arts Education) with delivery of the weekly York yth Orchestra. engagln9 hi9her level players with perforManS throughout the year. JJILHU
York Music Hub CIO Report of the Trustees for the year ended 31 March 2024 39 163 schools awarded Music Mark Nomination in Ortober 2023. To be nominated the sthod must be willing to improve music provision, value music education and have a strategy For musFc Withift the xhool to ensure every child is given an opportunity in mus1C. The number OF schools has increased this year and hope to further increase next year. FL¢ndfalsing remains a focus for the Hub. as a mearrs to further offer muslcal opportuntties to chIldn and young people and bYiII continue to be a focus going foard. Numeroys events have taken pla which support this. Plans for the future Once the Bid is accepted by Arts Council England for the merger with North YorkshirÈ Music Service and for them to become the Hub Lead Organisation, the hope is to start and progress the partnership ftjrther For the new academic year 202412025. This should include, joint resources e.g. Instrumental tutors, ensembles. support In WCET with joint CPD plans. plus policies and documentation which enhance mLbSiC education within the whole area, including the Local Plan for Music Education covering both York and North Yorkshire. Agatn, as the 8id is confim)e¢J. York Music Hub aims to develop their own Instrumental Hire Servlce due to Capital money awaryjed from the Arts Council to be spent only on new Instwments, this is exciting and needed for York. To house the Instruments, York Music Hub are a9ain looking for new pmiseS for storage of instruments office space. FinJn¢ial review The year to 31 March 2024 has seen the CIO generate an unrestrirted surplus of £9,305. Largely fvnded by grant from the Arts Counol England with additional fund5 generdted from holding events. the Board of Trustees continues to seek fvndraising opportunities in addition to those already in existence, includlng The Merchant Taylors ar Shepherd Group. We are very grateful for these additional sums which eftable us to provide bursaries and expand our ach to rn0 sthools in the area. At 31 March 2024 the Hub tteld UnstrICted funds of £55,292 which indudes Investments which can be readiFy cry5talised to cash. The Trustees wtsh to thank all our supporters. OLtr volunteers and staff for all they have achieved during the year under review. We have responded to the challenges OF changing requirements, providing as much support to schools young people and growing the reputatton of the Hub. during another difficult year when we have tjeen able to maintain a good financial perfomiance.
York Music Hub CIO Report of the Trustees for the year ended 31 March 2024 Policy on Reserves We have the ambition to grow and develop so that we Improve on our offenng to OLbr youny people and the wider needs of music education within the area. We therefore cOgnIse the need to build our serveS to ensure financial security iftto the fvtu and ensure we can meet our tharitable objectives effectlvely. The Trustees believe that our oJrrent level of reseNes is suffioent, we take care to avoid long term commitments beyond the end of each year's ACE grant. Rlsk Mana9ement The Trustees have paid attention to the range of risks rad by the charlty and we have a detailed risk register demonstratin9 mitlgation for each risk. This list is reviewed quartedy by the Board and shared annually wrth ACE. Statement of Trustees. Responslbllltl•s The Trustees are responsible for preparing the Trust. Annual Report and the financial statements in accordance with applicable law and UK Accounting Standard5 (UK Generally Accepted Accounting Practlce). The law applicable to charities in England and Wales requi$ the trustees tts prepare financial statements for each financial year which give a true an(J fair view of the state of affairs of the charity and of the incoming resources and application of re50urtes of the charity for that period. In preparing these financial statements, the Trustees are qUId to.. Select suitable accountino policie5 and then apply them con515tently; Observe the methods ar¢d principles in the Charities SORP: Make Judoments and estimates that are reasonable and pNdent.' State whether applicable accoijnting standards have been followed, subject to any material departures disclosed and explained In the finanaal statements.. and ppare the financial statements on the going concern basis unless It Is Snapproprfate to presume that the chariiy will contLnue in business. The Trustees are responsible for keeping proper accounting COrdS that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements covnply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deei1. They are also responsible for 5afeguard?ng the a55ets of the charity and hence for takin9 asonable steps for the pventIon and detertion of fr3ud and other iegUlar1ties. Oeclaratlon The Trustees approved the Trustees. Report and financial statements on ....... . ....... ........ ........ ... and signed on its behalf.. Ann M Green CBE Chair of the Board CHU
York Music Hub CIO Independent Examiner's report to the Trustees of York Music Hub CIO I report to the Trustees on my examination of the accounts of York Music Mub CIO for the year ended 3L March 2024. This report is made solely to the Charity's Trustees, as a body. in accordance with Section 145 of the Charitie5 Act 2011. My independent examination work ha5 been undertaken so that I might state to the Charity's Trustees those matters l am quired to state to them tn an Independent Examsner's Report and For no other purpose. To the fvllest extent perm1tted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity'5 Trustee5 as a body. for my independent examination work. for thts report, or for the opinions I have formed. Responsiblllties and basis of report AS the charlty Trustees Of the Trust you a sponsible for the preparation of tt)e accounts In accordance with the requirefflents of the Charities Att 2011 I'the Art'l. I report In respert of my exarninètion of the cro's accounts carried out under sertion L45 of the 2011 Act and tn carrying out my examination I have followed all the applicable Dirertions given by the Charity cornmis5ion under section 14515)(b) of the Act. Ind•p•nd•nt Ex*mln•e£ Stst•m•nt .I have completed my examlnation. I confirm thar no materfal matters have come to my attentlon n connertion wsth the examination giving me cause to believe that I any materlal respect.. ccountir>g CordS were not kept in SpeCt of the Trust as required by section 130 of the Act,. or the accounts do not accord wlth those records; or the accounts do not comply with the applicable reqU1ments concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a tnje and fair view which is not a rnatter considered as Part of on independent examination. I have no conM5 and have come across no other rnatter5 in connettion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 7aJ-1dJ Jeff Todd FCA Ig [ID/L(+ Outsource Outsource 24 First Avenue York Y030 7YQ
York Music Hub CIO Statement of Financial Activities for the year ended 31 14arch 2024 Unr*trirted funds Totsl 2024 Total 2023 funds Income from: Grants and donations 3,010 228.599 231,609 189,437 Chatable aLtivities 5,651 5.651 5,942 Investment Income bank Interes 1,521 1.521 J47 Total Incon 10. L82 228.599 238,781 195,526 Expendlture on: Chantable activitie% 877 205,451 206.328 180,261 Exceptional costs 19,5631 Total expenditure 877 205,451 206,328 170,698 P4et movement In fund li 9.305 23.148 32.453 24,828 Funds brought forward 11. 12 45,987 21,952 67,939 43.111 Fund5 carrled forwor<l 11. 12 55.292 45.100 100,392 67,939 The statement of financial actyviiies Included all gatns and losses recogrbtsed in the year. All Income and expenditure der&ve from continuing activities. The notes on pages 9 to 16 fom part of these finanoal statements.
York Music Hub CIO Balance Sheet as at 31 March 2024 2024 2023 otes Fixed assets Investrnellts 10.948 Office equipment 1.573 Current assets Cash at bank and In han4 io 97.291 119.200 ebtors li 2.425 4, 145 99.716 123,345 Creditors- Amounts falling due ¥virhin one year 12 18971 166.3541 Net current •55rts 98.B19 56.991 l(X).392 67,939 Funts ot the ch•rlty General - unrestncte 3.14 55,292 45,987 Restricted fun05 3.14 45.1(X) 21,952 100,392 67,939 The Financial Statements We approved by the Trustees on . their behalf by.. and slgned on Ann M Green CBE Chair of the Board The notes on pages 10 to 16 fomi part of these ftnar1al statements. 'iHu
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Accounting polrcies The principal accounting policies adopted. Judgements and key SOLfee5 of estimation uncertainty in the preparation of the finanoal statements are as follows: CIO information York Music Hijb CIO wa5 registered as a charitable incorporated oryantsation on 7 April 2017 and registered with the Charity Commission under charity nufflber 1172491. The charity's principal office address Is Oe Grey House, St Leonard's Pla. York. YOI 7HE Accounting Convention The accounts (financial statements) have been ppad in accordan with the Statement of Recommended Practice.. Accounting and Reporttng by Charities preparing their accoijnts in accordance with the Financial Repofting Standard applicable In the UK and Republic of Iland IFRS 102) I'chanties SORP IFRS1021-I, the Finanaal Reporting Standard applicable in the United Kingdorrt and Republic of Iland IFRS 102), the Charit*s Act 2011 and UK Generally Accepted Practice a5 It applies from l January 2019. Assets an¢Y liabilities are Inltlally recognised at cost or transartion value unless othen¥ise stated in the Televant accountin9 policy notes. The financial Statements have been prepared to give a '¢rue and fair, view an(1 have departed from the Charities (Accounts and Report5} Regulations 2008 only to the extent qUired to provide a 'true and fair view.. This departure has Involved following Charities SORP IFRS IQ121 rather than Accountirkg and Reportsng by Charities.. Statement of RecommenLled Practice effertive fmm l Aprll 2005 which has since been withdrawn. York Mijsic Hub cro meets the definits'oll of a publlc benefit entity under FRS 102. Going Concern At the tIe of approving the financtal staternents the Trustees have a aSonable expettation that the CLO has adequate resources to continue in operational existence for the foreseeable future. Thus the Twstees continue to adopt the going concern basis of accounting in pparIng the flnancial 5tatemenis. Oespite the potential impatt of the COVID-19 pandemic on the CIO s ability to run events and tzise additional funds in the short term on the ba515 of the cash reserves and security of fun¢Jin9 from Arts Council England, the Trustees are confident that the charity has the ability to meet its liabilFties as they fall due. The TnJstees therefore believe it is appropriate to prepa the financial statements on a going concern basis. Income Income in the Statemenr of Financial Attivities l-SOFA-} is reco9nised when the charity has entitlement to the fund5. any performance Conditions atta(hIr to the Itemlsl have been met. it is probable that the Fncome wlll be recerved an¢J the amount can be meagjred reliably. Income from government grants Is recognised when the charity has entiuement to the fijnds, any perforniance conditions have been met, It Is probable that the income sYiII be rece4ved and the amount can be measured reliably and not deferred. Expenditure Expenditure Is included in the SOFA on an accruals basis. Support costs a those funrtions that assist the work of the tharity but do not directly undertake charitable activities. Support costs Include administration, finance. human 59rceS, tnfomatton systems and governance costs which support the seThIS providing Ca to child victims and families.
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Fund accountlng FLtnds held by the CIO are either: Unrestricted ft&niJs these fijnds can be used In accordance with the charitable objects at the discretion of the Trustees. Restricted funds these funds can only be used for parboJlar restricted purposes wltbin the ob3erts of the Charity. Restrictions arise when specifi.ed by the donor or when funds a raised for particular Stricted purposes. Financial instruments The charity has electe(J to apply the provisions of Section 11 'Basic FinancK41 Instruments. and section 12 '0ther Fiftanclal Instruments tssue5' of FR5 102 to all of Its flnandal InstrLtments. Llsted investments Ljsted Investments are originally (orded at cost and revalued annually to market value. Cash at bank and in hond Cash at bank and cash In harml includes cash and S)rt term highly liquid investrTTents with a Short maturity held for working capital. Bank overdrnfts are shown within borrowing in current liabilities. Debtors Prepayments and accrued income present ts.rne apportioned expenses or income to be cognised In a futrjre accounting period. Financial assets. other than those held at fair value through profit and loss, are assessed for Fndicators of irnpairment at each porting end date. Financial assets are impaid where there is objective evidence that. as a result OF one or more events that occurred after the initial recognition of the financial asset. the estimated hjture cash flows have been afferted. The impairnient loss is rectyjnised in the income and expendlture account. Creditors, loans and provisions Creditors. loans and provisions are recognised where the society has a present obligation resulting from a past event that will probably SuIt irt the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. CdItOrS, loans and provisions are normally recognTsed at their settlement amount after allowing for any trade discounts due. Financial liabilities are dere¢o9nised when. and only when, obligations are discharged, cancelled or they expire. Amounts recognised as provisions are best estimates of the consideration reoulred to settle the present obligation at the reporting end date. tsking into account the d5k5 and uncertainties surrounding the obligation. Stsff costs The costs of short term employee benefits are recognised as a l¢ability antd an expense where settlemenr of obllgatlons doe5 not tsll wlthln the same perlod. Pension Costs The charity operates a defined contribUtn scheme for the employees of the Charity. Contrlbutlons are charged as an expense to the Statement of Financial Activities in the period in which they fall due. io CHU
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Critkal accounting estimates and Judgements In the application of the chanty's aCCOUnting polioes, the Trustees are required to make Judgements, estmates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other fartors Ihat are considered to be treVant. Artual resLtIts may differ from these estimates. The estmates and undertying assumptions are Viewed on an ongoing basis. Revisions to accounting estimates are COgnised In the period in which the estimate is revised, if the revtsion affects only that period, or in the perlod Of the revision and future periods If the revision affects both current and future periods. There are no estimates and assumptions wh¢ch have a significant risk of causlng a matenal adjustment to the carrying amount of assets and 1obilttie5. T•xat¥oTr The CIO is a regjstered charity and as stjch is a chanty within the sneaning of schedule 6 of the Finance Act 2010. Accordingly, the charity is entitled to tax exemption under part 11 of the Corporation Tax Act 20LO or section 256 of the Taxatbon of Chafgeable Gains Act 1992 in respett of income ènd gains arising.
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Income For the year to 31 Match 2024 Unrestrirted 2024 Grants and donations: Arts Council England Hub Grant The Company of Merchant Taylors of York Grdnts and donations 224,599 224,599 4,000 4.000 3,010 3.010 3,010 228,599 231,609 Charitable activitis: Eamed Income 5,441 5,441 Masterclass income 2lO 210 5,651 5.651 Investment intome: Bank Interest 971 971 Gain on disposal of investment 550 550 1.521 I,521 10.182 228,599 238.781 For the year to 31 March 2023 Unrestrlcted Restricted 2023 Grnnts and donations: Arts Council England Hub Grant The Company of Merchant Taylor5 of York Grant5 and donations 171,004 171,004 4,000 3.485 3,485 Donations - grft in kind 10,W8 10,948 14.433 175,1M)4 189,437 Charitable activitie5: Eamed Income 5.942 5,942 20,375 175.004 195,379 Investment income.. Bank Interest 147 147 20.522 175,004 195,523 The Hub benefits gat1¥ frorn the involvement of its many volunteers. details of whtth are given in the Trustees, Annual Aeport. In accordance with FRS 102. the economic contribution of volunteers is not recognised In the financial statements. Gifts In kind relate to in Investment portfolio gifted to the charity, the gift ha5 been COgnised at market value at the date of transfer 12
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Expenditure Unrestricted Restricted Total £ Unre5trlcted Restricted Total £ Lead Partner Commission 42,547 38,496 42,547 Commission•ng Fund Bursaries 76,590 76.590 38,496 36,240 36.240 28,714 28,714 Singing Strategy 6.432 6,432 277 277 Concerts and Events 772 772 57 57 WCET Tutor fee5 8.892 8,892 2,690 661 2.690 Equipment and instruments 5.598 5,598 661 Subscriptions Music library CPD 720 720 792 792 66 66 6.518 6,518 160 Communications and Promotion 160 145 145 staff Costs 50,849 740 50,849 740 53,576 390 53.576 390 Accountancy Insurance 1.572 1.572 1,468 1,468 Bank Charge5 DBS Checks 28 160 188 75 75 813 813 511 511 Office Costs 445 5.404 5,849 6,226 6,226 Guildhall Partnership Travel 1.670 1.670 2,100 2, 100 91 75 157 232 91 Legal and consultancy Website Costs 1.400 1.400 1.133 1,133 698 698 168 168 Depreciation 329 329 Payroll 8ureau Costs 144 144 Total Expenditure on charitable activi 877 20S,451 206.328 57 180,204 180,261 Exceptional costs (9,563) {9,563) Total costs 877 205.451 206,328 (9,506) 180.204 170.698 Excepttoftal costs - prov•slon for restrurture In accordance with the accounting policy in note I to these finala1 statements. exceptional costs of £15,000 were accounted In the year ended 31 March 2022 ès a provision for the estimated costs of the $tructUre of the operating activities of the organisation which the Trustees had committed to legally at that year end from unrestrirte(J funds. During the year ended 31 March 2023 the reorganisatlon was completed. and the cost was signiflcantly below the original estimate such that the remaining provision of £9.563 was leaSed to unrestritted funds dunng that year. 13
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Net income for the year This is stated after charging.. 2024 2023 Independent Examiners. fee 750 360 2024 2023 staff costs com rise: Wages and salaries 50.849 52,554 Employer's pension 1.021 Employer's National Insurance S0.B49 53,576 Wages and salaries Incudes freelance costs of £6,205 (2023 - £6,960), paid to 2 Individuals (2023 3) during the year. No employees received in excess of £60,000 12023 Trustee) received any rernuneration or benefits. no employee) and no Trustees 12023 no Average number of employees: 2 {2023 - 2). The Trustees consider the key management personnel of the charity to be the Trustees who are not rem(Jnerated. Truste None of the Trustees lor any persons connected with theTn) received any mnetIon or benefits from the tharity dtJrin9 the year12023 no Trustees). 14
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Investments Listed investments - unitised ltsnds Vèluation a5 at 31 March 2023 Additions Disposals Change In Market Value 10,948 {10,9481 Valuation •5 at 31 March 2024 Office equipment Cost Additions 1,902 At 31 March 2024 Depreciatlon Charye for the year 329 At 31 March 2024 329 Net tKKblL value At 31 March 2024 10. Cash Jt bank and in hand 2024 2023 8ank current account 46.476 119,2QO Deposit fund 50,815 97.291 119.200 11. Debtors 2024 2023 Trade debtors 2,095 4.145 Prepayments 330 2.425 4.145 15
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 12. Creditors: amounts fallin due within one ear 2024 2023 Accruals 897 66,354 Accnjals Includes an amount of ENII 12023 £55,996) whlth lateS to unspent funding which was retumed to Arts Council England in April 2023. 13. Restricted funds Y••r ended 31 March 2024 8•lance at l April 2023 Income Expendlture Traftsf•rs Balance at 31 March 2024 Art5 Council England Xl.070 224,599 I2,878) 43,791 Merchont Tèylors 1,882 4.000 14.5731 1.309 21,952 228,599 1205.45LI 45.100 Unrestrtcted 4S.985 10.IB2 18771 55,292 Total funds 67.939 238,761 1206,3281 100,392 Year ended 31 March 2023 8alarKe •t l Aprtl 2022 Income Expenditure Transfers Balan¢È at 31 March 2023 Arls Council England 2S.878 171.004 1176,8121 20.070 Merchant TaYlS 1,274 4,0(X) 13,3921 1,882 27,152 175.004 1180.2041 21,952 15,959 20,522 9,506 45,985 Tot•1 funds 43.111 195.526 1170,6981 67.939 Purptsse of funds: Arts Council England - for delivery of core and extension roles according to the National Plan for Music EOucatw)n. Core Roles.. l. Ensure that every chlld aged five to 18 has the opportunity to team a musical instrurnent lother than voicel through whole-dass ensemble teaching Programmes. Provide opportunities to play in ensembles and to perfom from an early stage. Ensu that clear progression routes are available and affordable to all young people. 4. Deve5op a singing Strategy to ensu that every pupil is singing gUlarlY and that choirs and other vocal ensembles are available in the area. 16 .11 Hu
York Music Hub CIO Notes to the Financial Statements for the year ended 31 March 2024 Extension Roles.. l. Offer Continuous Professional Development {CPD} to school staff. particularly in supporting schools ro deliver music in the curriculum. 2. Provide an instrument loan service, with discounts or free provision for those on low Incomes. The Company of Merchant Taylors York - bursary gjpport provided to specific students. 13. Analysis of net asgets between funds Year ended 31 Marth 2024 Unrestrlcted nds Restrlrted tunds Total Fixed assets 1.573 1.573 Cash at bank 52,191 45,100 97,291 Net current assets 1,528 1.5?8 Total net assets 55,292 45.100 100,392 Year end4d 31 March 2023 Unrestricted nds Restricted funds Total Investments 10,948 10,948 Cash at bank 30.894 8B,306 119,200 Net current a55ets 4.145 166.3541 162.2091 Total net a55ets 45,987 21,952 67.939 14. Rejated party trnnsactions There were no related party transactions Yihith Ul disclosure during this of the previous financial year. 17