#
##
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|Trustees||D C Mansfield||||
|---|---|---|---|---|---|
|||L Presencer||||
|||J M Atkin||||
|||P Downton||(Appointed|26 November 2021)|
|||SJ Imbriano||(Appointed|26 November 2021)|
|Charity number||1177780||||
|Company|number|11198293||||
|Registered|office|Aylesbury
Music|Centre|||
|||Walton Road||||
|||Aylesbury||||
|||8uckinghamshire||||
|||HP21 7ST||||
|Auditor||Whitley Stimpson|Limited|||
|||29-31 Castle Street||||
|||High Wycombe||||
|||Buckinghamshire||||
|||HP13 6RU||||
|Accountants||Amersham
Accountancy||||
|||3A Station Road||||
|||Amersham||||
|||Buckinghamshire||||
|||HP7 OBQ||||
##
||||Page|
|---|---|---|---|
|Trustees|report||1-5|
|Statement|ofTrustees|responsibilities||
|Independent
auditor's||report|7-9|
|Statement|offinancial|activities|10|
|Balance sheet|||11-12|
|Statement|of cash flows||13|
|Notes to the financial||statements|14-23|
|Statement|offinancial|activities|24-25|
##
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##
|In March 2020, the Covid-19 pandemic
changed
the landscape
completely.
BMT responded
by developing
an|In March 2020, the Covid-19 pandemic
changed
the landscape
completely.
BMT responded
by developing
an|In March 2020, the Covid-19 pandemic
changed
the landscape
completely.
BMT responded
by developing
an|
|---|---|---|
|online action plan to keep||as much delivery
going as possible,
beginning
Zoom teaching the first week of lockdown,|
|having
put new protocols||in place, training
teachers
and
provided
new
digital
resources
for both teachers
and|
|students.
The approach|below summarises
the measures
taken across the full and partial
lockdowns
during
the||
|period ofthe pandemic.|||
|Action||Notes|
|Central Resource
Bank||Sharepoint
area 'Central
resources'
being created for all teachers to be able to upload
sheet music and audio files for backing tracks and accompaniments
so that everyone
has access to them to use for teaching etc.|
|||All students
who had ABRSM and Trinity exams cancelled were offered the opportunity|
|BMT online||to do online and face-to-face exams internally
with BMT and receive a BMT certificate.|
|examinations||These were highly
popular
and allowed
continued
progress
for students
not having
to|
|||stick at a level and wait for the national
exam boards to resume activity|
|Music centre
ensembles
and
cholrs||A blended
approach
in response
to different
scenarios.
All activities
were maintained
through
lockdowns
using a mixture
of Zoom and Youtube.
Teachers
and ensemble
leaders developed
new ways of working
and rehearsing
to ensure
players and singers
remained
engaged
and supported|
|YouTube playllsts||Various content to provide different groups
with access to musical
learning
remotely
in
place ofactivities or which support
IVteaching
and other activities.|
|~
'How to'||Support for home learning
with practical advice to replace the physical presence ofa|
|videos||teacher and to be able to use digital tools effectively|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021|2021||2020|2020|2020|
||Notes||R|||R||
|Income from:||||||||
|Donations
and legacies|2|997,741|72,000|1,069,741|849,725|67,514|917,239|
|Charitable
activities|3|1,054,295||1,054,295|1,166,281|4,000|1,170,281|
|Total income||2,052,036|72,000|2,124,036|2,016,006|71,514|2,087,520|
|Ex enditure on:||||||||
|Charitable
activities|4|2,061,622|64,508|2,126,130|2,002,629|42,328|2,044,957|
|Other|8|7,161||7,161|1,657||1,657|
|Total resources expended||2,068,783|64,508|2,133,291|2,004,286|42,328|2,046,614|
|Net (outgoing)/incoming||||||||
|resources before transfers||(16,747)|7,492|(9,255)|11,720|29,186|40,906|
|Gross transfers||||||||
|between funds||17,514|(17,514)|||||
|Net income/(expenditure)|for|||||||
|the year/||||||||
|Net movement
in funds||767|(10,022)|(9,255)|11,720|29,186|40,906|
|Fund balances at 31 July|2020|||||||
|||(160,849)|29,186|(131,663)|(172,569)||(172,569)|
|Fund balances at 30July||||||||
|2021||(160,082)|19,164|(140,918)|(160,849)|29,186|(131,663)|
##
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##
||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||R||
|Fixed assets|||||||
|Tangible assets||||3,806|||
|Current assets|||||||
|Debtors||10|245,323||72,699||
|Cash at bank and in|hand||6,165||53,332||
||||251,488||126,031||
|Creditors: amounts|falling due within||||||
|one year||12|(357,787)||(207,381)||
|Net current
liabilities||||(106,299)||(81,350)|
|Total assets less current liabilities||||(102,493)||(81,350)|
|Creditors. amounts|falling due after||||||
|more than one year||13||(38,425)||(50,313)|
|Net liabilities||||(140,918)||(131,663)|
|Income funds|||||||
|Restricted funds||||19,164||29,186|
|Unrestricted
funds||||(160,082)||(160,849)|
|||||(140,918)||(131,663)|
##
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|R||||
|Cash flows from operating|||activities||||||
|Cash (absorbed
by)/generated|||from|19|||||
|operations||||||(39,930)||25,773|
|Investing
activities|||||||||
|Purchase oftangible fixed|assets||||(5,349)||||
|Net cash used in investing|||activities|||(5,349)|||
|Financing
activities|||||||||
|Repayment
of bank loans|||||(1,888)||50,313||
|Net cash (used in)/generated|||from||||||
|financing
activities||||||(1,888)||50,313|
|Net (decrease)/increase|in|cash and||cash|||||
|equivalents||||||(47,167)||76,086|
|Cash and cash equivalents||at beginning||ofyear||53,332||(22,754)|
|Cash and cash equivalents|||at end of|year||6,165||53,332|
##
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|||R|R|||R|R|
|Grants||997,741|72,000|1,069,741|849,725|67,514|917,239|
|Grants receivable for||||||||
|core activities||||||||
|Coronavirus|job retention|||||||
|scheme grant||28,400||28,400|8,893||8,893|
|Other grants||""969,341||969,341|""840,832||840,832|
|Other|||"72,000|72,000||"67,514|67,514|
|||997,741|72,000|1,069,741|849,725|67,514|917,239|
##
|||2021|2020|
|---|---|---|---|
|||R||
|Music tuition||985,060|1,056,995|
|Exam fees||28,652|10,818|
|Other income||40,583|102,468|
|||1,054,295|1,170,281|
|Analysis
by|fund|||
|Unrestricted|funds|1,054,295|1,166,281|
|Restricted funds|||*4,000|
##
##
##
##
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Fund|Fund|2021|Fund|Fund|2020|
|||||2021|2021||2020|2020||
|||||R||R|R|||
|Staff costs||||1,276,943|27,883|1,304,826|1,315,673|28,083|1,343,756|
|Depreciation|and|||||||||
|impairment||||1,543||1,543||||
|Other operating||leases||48,715||48,715|36,967||36,967|
|Licensing and||||||||||
|subscriptions||||4,020||4,020|885||885|
|Exam fees costs||||22,529||22,529|5,576||5,576|
|Events and tours||||83,751|36,625|120,376|30,103|11,832|41,935|
|Equipment
expensed||||100||100|2,000||2,000|
|Instruments|repair|||3,128||3,128|5,861|820|6,681|
|Storage||||7,659||7,659|7,185||7,185|
|DBSchecks||||1,782||1,782|1,980||1,980|
|Sundry expenses||||43||43|437||437|
|Training
and|meeting||costs|1,234||1,234|5,314||5,314|
|Staff welfare||||1,898||1,898||||
|||||1,453,345|64,508|1,517,853|1,411,981|40,735|1,452,716|
|Share ofsupport||costs (see||||||||
|note 5)||||598,752||598,752|577,955|1,413|579,368|
|Share ofgovernance|||costs|||||||
|(see note 5)||||9,525||9,525|12,693|180|12,873|
|||||2,061,622|64,508|2,126,130|2,002,629|42,328|2,044,957|
|Analysis
by|fund|||||||||
|Unrestricted|funds|||2,061,622||2,061,622|2,002,629||2,002,629|
|Restricted funds|||||64,508|64,508||42,328|42,328|
|||||2,061,622|64,508|2,126,130|2,002,629|42,328|2,044,957|
##
##
##
##
|Support|cos|ts|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2021|Support|Governance|2020|
||||costs|costs||costs|costs||
|||||R|R||R||
|Staff costs|||502,413||502,413|516,583||516,583|
|Rates and|water||4,685||4,685|2,929||2,929|
|Insurance|||8,523||8,523|5,770||5,770|
|Light and|heat||6,307||6,307|9,154||9,154|
|Telephone|||4,860||4,860|4,962||4,962|
|Postage and||stationery|1,229||1,229|1,188||1,188|
|Advertising||||||1,244||1,244|
|Motor expenses|||19,261||19,261|497||497|
|Travelling||||||345||345|
|Premise expenses|||4,901||4,901|4,526||4,526|
|Bank charges|||1,591||1,591|3,089||3,089|
|Bank loan|interest||1,238||1,238|313||313|
|IT software|||43,744||43,744|28,768||28,768|
|Audit fees||||5,700|5,700||8,400|8,400|
|Legal and|professional|||||273||273|
|Accountancy||and legal|||||||
|fees||||3,825|3,825||4,200|4,200|
||||598,752|9,525|608,277|579,641|12,600|592,241|
|Analysed|between||||||||
|Charitable|activities||598,752|9,525|608,277|579,641|12,600|592,241|
##
##
##
##
##
|Employment
costs|||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||R||
|Wages and salaries|||||||1,417,269|1,464,376|
|Social security costs|||||||106,348|110,621|
|Other pension costs|||||||283,622|285,342|
||||||||1,807,239|1,860,339|
|The
number
of employees|whose|annual|remuneration|was|more|than|||
|F60,000 isas follows:|||||||||
||||||||2021|2020|
||||||||Number|Number|
|8|Other||||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2021|2020|
||Other interest||2,104|1,657|
||Bad and doubtful|debts|5,057||
|9|Tangible|fixed assets|||||
|---|---|---|---|---|---|---|
|||||Music Motor vehicles||Total|
|||||instruments|||
||Cost||||||
||Additions|||1,799|3,550|5,349|
||At 30July|2021||1,799|3,550|5,349|
||Depreciation
and impairment||||||
||Depreciation
charged||in the year|360|1,183|1,543|
||At 30 July|2021||360|1,183|1,543|
||Carrying|amount|||||
||At 30July|2021||1,439|2,367|3,806|
##
##
|10|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||Amounts
falling due|||within one year:|||R|
||Trade debtors|||||49,156|54,742|
||Prepayments|and accrued income||||196,167|17,957|
|||||||245,323|72,699|
|11|Loans and overdrafts|||||||
|||||||2021|2020|
|||||||R||
||Bank loans|||||48,425|50,313|
||Payable
within|one year||||10,000||
||Payable after one year|||||38,425|50,313|
|12|Creditors: amounts|||falling due within one year||||
|||||||2021|2020|
||||||Notes|||
||Bank loans|||||10,000||
||Other taxation|and social security||||166,980|109,365|
||Deferred income||||14|28,320||
||Trade creditors|||||23,798|12,429|
||Pension payable|||||118,749|75,332|
||Accruals and deferred|||income||9,940|10,255|
|||||||357,787|207,381|
|13|Creditors: amounts||falling due after more than one year|||||
|||||||2021|2020|
||||||Notes|R||
||Bank loans|||||38,425|50,313|
|14|Deferred income|||||||
|||||||2021|2020|
|||||||R||
||Other deferred|income||||28,320||
##
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##
|15|Analysis ofnet assets|between funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|||||R|R|||
||Fund balances at 30|||||||
||July 2021 are|||||||
||represented
by:|||||||
||Tangible assets|3,806||3,806||||
||Current assets/(liabilities)|||||||
|||(125,463)|19,164|(106,299)|(110,536)|29,186|(81,350)|
||Long term liabilities|(38,425)||(38,425)|(50,313)||(50,313)|
|||(160,082)|19,164|(140,918)|(160,849)|29,186|(131,663)|
##
##
|2021|2020|
|---|---|
||R|
|10,833||
##
|The following Trustees entered|into related|party transactions|with BMT during the|period/year:|
|---|---|---|---|---|
||||2021|2020|
|D Mansfield|||840|21,533|
|JAtkin|||1,080||
||||1,920|21,533|
##
##
##
|19|Cash generated|from|operations|operations|operations||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||R||
||(Deficit)/surpus
for the||year||||(9,255)|40,906|
||Adjustments
for:||||||||
||Depreciation
and|impairment||oftangible fixed assets|||1,543||
||Movements
in working||capital:||||||
||(Increase)
in debtors||||||(172,624)|(27,548)|
||Increase
in creditors||||||112,086|47,350|
||Increase/(decrease)
in||deferred income||||28,320|(34,935)|
||Cash (absorbed|by)/generated|||from operations||(39,930)|25,773|
|20|Analysis ofchanges||in net|debt|||||
|||||||At 31July 2020|Cash flows|At 30July 2021|
|||||||R||R|
||Cash at bank and|in hand||||53,332|(47,167)|6,165|
||Loans falling due|within|one|year|||(10,000)|(10,000)|
||Loans falling due|after|more|than|one year|(50,313)|11,888|(38,425)|
|||||||3,019|(45,279)|(42,260)|
##
##
##
|||||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
|||||R|||R|R|R|
|INCOME||||||||||
|Donation
and legacies||||||||||
|Grants||||997,741|72,000|1,069,741|849,725|67,514|917,239|
|Charitable|activities|||||||||
|Music tuition||||985,060||985p6p|1,056,995||1,056,995|
|Exam fees||||28,652||28,652|10,818||10,818|
|Other income||||40,583||40,583|98,468|4,000|102,468|
|||||1,054,295||1,054,295|1 166281|4,000|1,170,281|
|Total incoming||resources||2,052,036|72,QQP|2,124,036|2,016,006|71,514|2,087,520|
|EXPENDITURE||||||||||
|Charitable
activities||||||||||
|Staff costs||||1,276,943|27,883|1,304,826|1,315,673|28,083|1,343,756|
|Depreciation|and|||||||||
|impairment||||1,543||1,543||||
|Other operating||leases||48,715||48,715|36,967||36,967|
|Licensing
and||||||||||
|subscriptions||||4,020||4,020|885||885|
|Exam fees costs||||22,529||22,529|5,576||5,576|
|Events and|tours|||83,751|36,625|120,376|30,104|11,831|41,935|
|Equipment
expensed||||100||100|2,000||2,000|
|Instruments|repair|||3,128||3,128|5,861|820|6,681|
|Storage||||7,659||7,659|7,185||7,185|
|DBSchecks||||1,782||1,782|1,980||1,980|
|Sundry expenses||||43||43|437||437|
|Training
and|meeting costs|||1,234||1,234|5,314||5,314|
|Staff welfare||||1,898||1,898||||
|||||1,453,345|64,508|1,517,853|1,411,982|40,734|1,452,716|
|Other||||||||||
|Other interest||||2,104||2,104|1,657||1,657|
|Bad and doubtful|||debt|5,057||5,057||||
|||||7,161||7,161|1,657||1,657|
##
##
##
|Supportcosts|||||||
|---|---|---|---|---|---|---|
|Management|||||||
|Staff costs|502,413||502,413|515,858|725|516,583|
|Rates and water|4,685||4,685|2,929||2,929|
|Insurance|8,523||8,523|5,770||5,770|
|Light and heat|6,307||6,307|9,154||9,154|
|Telephone|4,860||4,860|4,962||4,962|
|Postage and stationery|1,229||1,229|996|192|1,188|
|Advertising||||1,244||1,244|
|Motor expenses|19,261||19,261||497|497|
|Travelling||||345||345|
|Premise expenses|4,901||4,901|4,526||4,526|
||552,179||552,179|545,784|1,414|547,198|
|Finance|||||||
|Bank charges|1,591||1,591|3,089|||
|Bank loan interest|1,238||1,238|313|||
||2,829||2,829|3,402||3,402|
|Information
technology|||||||
|ITsoftware|43,744||43,744|28,768||28,768|
|Human
resources|||||||
|Legal and professional||||93|180|273|
|Governance costs|||||||
|Audit fees|5,700||5,700|8,400||8,400|
|Accountancy
and legal|||||||
|fees|3,825||3,825|4,200||4,200|
||9,525||9,525|12,600||12,600|
|Total resources expended|2 068,783|64,508|2,126,130|2,004,286|42,328|2,046,614|
|Net income/(expenditure)|(16,747)|7,492|(9,255)|11,720|29,186|40,906|