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|Trustees|D C Mansfield||
|---|---|---|
||LPresencer||
||JMAtkin||
||P Downton|(Appointed26November 2021)|
||SJlmbriano|(Appointed26November 2021)|
|Charity number|1177780||
|Company number|11198293||
|Registered office|AylesburyMusic Centre||
||WaltonRoad||
||Aylesbury||
||Buckinghamshire||
||HP21 7ST||
|Auditor|Whitley StimpsonLimited||
||29-31Castle Street||
||HighWycombe||
||Buckinghamshire||
||HP13 6RU||
|Accountants|AmershamAccountancy||
||3AStationRoad||
||Amersham||
||Buckinghamshire||
||HP7OBQ||
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||Page|
|---|---|
|Trustees report|1-5|
|Statement ofTrusteesresponsibilities|b|
|lndependent auditor'sreport|7-9|
|Statement offinancialactivities|10|
|Balance sheet|11-12|
|Statementofcash flows|13|
|Notes to thefinancialstatements|14-23|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
||Notes|2022
I|2022
s|2022
€|2021
f|2021
€|2021t|
|lncome from:||||||||
|Donationsandlegacies|2|825,652|15,000|840,652|997,741|72,O00|1,069,741|
|Charitable activities|3|1,363,444||1,363,444|1,054,295||1,054,295|
|Totalincome||2,189,096|15,000|2,204,096|2,052,036|72,000|2,124,036|
|Expenditureon:||||||||
|Charitable activities|4|2,284,718|17,590|2,302,308|2,061,622|64,508|2,126,130|
|Other|8|6,928||6,928|7,161||7,161|
|Totalexpenditure||2,291,646|17,590|2,309,236|2,068,783|64,508|2,133,291|
|Grosstransfersbetween||||||||
|funds|||||17,514|(17,514)||
|Netexpenditure for the
Netmovementinfunds|year/|(102,550)|(2,590)(105,140)||767|(1O,O22)(9,255)||
|Fundbalances at 31 July|2021|(160,082)|19,164|(140,918)|(160,84e)|29,186|(131,663)|
|Fundbalancesat30July
2022||(262,632) 16,574||(246,058)(160,082) 19J64|||(140,918)|
|||::::::||||||
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|||2022||2021||
|---|---|---|---|---|---|
||Notes|s|E||€|
|Fixedassets||||||
|Tangible assets|9||8,844||3,806|
|Current assets||||||
|Debtors|10|80,404||245,323||
|Cashaibankandin hand||81,226||6,165||
|||161,630||251,488||
|Creditors: amountsfallingduewithin||||||
|one year|12|(388,03e)||(357,787)||
|Net current liabilities|||(226,4O9)||(106,299)|
|Totalassets less currentliabilities|||(217,565)||(102,493)|
|Creditors: amountsfallingdueafter||||||
|morethanone year|13||(28,493)||(38,425)|
|Netliabilities|||(110*)||(140,918)|
|lncome funds||||||
|Restrictedfunds|||16,574||19,164|
|Unrestricted funds|||(262,632)||(160,082)|
||||,1lry'||(140,918)
:|
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|||2022||2021||
|---|---|---|---|---|---|
||Notes€€ft|||||
|Cashflows from operating activities
Cashgeneratedfrom/(absorbedby)
operations|19||92,636||(39,930)|
|lnvesting activities||||||
|Purchase of tangiblefixedassets||(7,643)||(5,349)||
|Netcash used in investing activities|||(7,643)||(5,34e)|
|Financing activities||||||
|Repaymentofbank loans||(9,932)||(1,888)||
|Netcash used in financing activities|||(e,e32)||(1,888)|
|Netincrease/(decrease) incash andcash||||||
|equivalents|||75,061||(47,167)|
|Cashandcashequivalentsatbeginning ofyear|||6,165||53,332|
|Cash andcash equivalentsat end ofyear|||81.226||6,165|
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|Donation andlegacies||||||||
|---|---|---|---|---|---|---|---|
||Unrestrictsd|B.estricted||TotalUnreslricted||Restricted|T+tal|
||fuuds||funds||funds|funds||
||2i122||20:2|?s23|ztlz1|2fi21|30rl|
||t|||f,|€|{|f|
|Grants|825,652||15,&0*|84*,6519S7,741||?2,S0*|t.EBS,741|
|Grants receirrahlefor||||||||
|coreaqtivities||||||||
|Coronavirusjobrelentio*||||||||
|scl'leme grant||||-|38,4n*|-|28,40*|
|0ther gra*ts
Sther|r^!)r.AE?||1trnfrr'I|825,652'"969,341||-
&720BS|gEs,341
r?00s|
||8t5652||i5 L!UU|{4'.i.tr51|$97,7,*1|I2.*nS|1,*611,7,{1|
|||::||||::||
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|haritable activities||
|---|---|
||2022
2021|
||f
I|
|Music tuition
Examfees
Otherincome|1,194,276985,060
38,32628,652
130,84240,583|
||1,363,4441,054,295|
|Analysisbyfund||
|Unrestrictedfunds|1,363,4441,054,295|
|Restricted funds||
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|Charitable activities||||||||
|---|---|---|---|---|---|---|---|
||UnrestrictedRestricted
Fund
Fund||TotalUnrestricted
2022
Fund||Restricted
Fund||Total
2021|
||2022|2022||2021|
2021|||
||ff||€tf|||||
|Staff costs|1,439,437|15,9401,455,377||1,276,943|27,883|1,304,826||
|Depreciationand||||||||
|impairment|2,605|-|2,605|1,543|-||1,543|
|Otheroperatingleases|71,071|-|71,071|48,715|-||48,715|
|Licensing andsubscriptions|6,401|-|6,401|4,O20|-||4,020|
|Examfeescosts
Events and tours|23,538
108,254|-
1,650|23,538
109,904|22.529
83,751|-
36,625||22,529
120,376|
|Equipment expensed|(100)|_|(100)|100|-||100|
|lnstrumentsrepair|8,663|-|8,663|3,128|-||3,128|
|Storage|7,201|-|7,201|7,659|-||7,659|
|DBS checks
Sundry expenses|2,428
442|-
-|2,428
442|1,782
43|-
-43||1,782|
|Trainingandmeeting costs|3,331|-|3,331|1,234|-||1,234|
|Staffwelfare|1,267|-|1,267|1,898|-||1,898|
||1,674,53817,5901,692,128|||1,453,345|64,508|1,517,853||
|Share of supportcosts(see
note5)|597,207||597,207598,752||||598,752|
|Share ofgovernancecosts
(see note5)|12,973||12,973
9,525||||9,525|
||2,284,718
:|17,5902,302,308||2,061,622|64,508|2,126,130
:||
|Analysisbyfund||||||||
|Unrestrictedfunds
Restrictedfunds|2,284,718|-2,284,718
17,59017,590||2,061,622|64,508|2,061,622
64,508||
||2,284,718|17,5902,302,308||2,061,622|64,508
:|2,126,130||
##
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|Support costs||||||||
|---|---|---|---|---|---|---|---|
|||SupportGovernance
costs
costs
€€||t|SupportGovernance
COSTS
COSTS
st||2021
s|
|Staff costs||462,065||462,065|502,413|-|502,413|
|Rates andwater||4,065||4,065|4,685|-|4,685|
|lnsurance||9,482||9,482|8,523|-|8,523|
|Lightandheat||9,187||9,187|6,307|-|6,307|
|Telephone||4,559||4,559|4,860|-|4,860|
|Postageandstationery||11,639||1'1,639|1,229|-|1,229|
|Motor expenses||41,401||41,401|19,261|-|19,261|
|Premise expenses||9,063||9,063|4,901|-|4,901|
|Bank charges||2,094||2,094|3,089|-|3,089|
|Bankloaninterest||1,170||1,170|313|-|313|
|lT software||42,482||42,482|28,768|-|28,768|
|Auditfees|||8,760|8,760||5,700|5,700|
|Accountancy andlegal||||||||
|fees|||4,213|4,213||3,825|3,825|
|||597,207|12,973|610,180|579,641|12,600|608,277|
|Analysedbetween
Charitableactivities||597,207|12,973|610,180|579,641|'12,600|608,277|
||:|||||||
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||2022|2021|
|---|---|---|
||Number|Number|
|Staff|oa|88|
|Employment costs|2022
f|2021
f|
|Wages and salaries|1,497,031|1,417,269|
|Social security costs|1'16,659|106,348|
|Other pension costs|303,752|283,622|
||1,917,442|1,807,239|
|||:|
##
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||Employees|||(Continued)|
|---|---|---|---|---|
||Thenumber of employeeswhoseannual remunerationwasmore thanf60,000||||
||is as fofiows:||||
||||2022|2021|
||||Number|Number|
||t90,001tof100,000||1|1|
||Other||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2022|2021|
||Other interest||6,928|2,104|
||Bad anddoubtfuldebts||:|-lY|
||Tangiblefixed assets||||
|||Music|Motor vehicles|Total|
|||instruments|||
|||t|f|t|
||Cost||||
||At 31July 2021|1,799|3,550|5,349|
||Additions|7,643||7,643|
||Al30July 2022|9.442|3,550|12,992|
||Depreciation and impairment||||
||At31 July2021|360|1,183|1,543|
||Depreciationchargedin theyear|1,816|789|2,605|
||At30July 2022|2,176|1,972|4,148|
||Carrying amount||||
||At3OJuly2022|7,266
:|1,578|8,844
:|
||At30 July2021|1,439|-,',*|3,806
:|
|10|Debtors||||
||||2022|2021|
||Amountsfallingduewithinone year:||f|c|
||Trade debtors||64,862|49,156|
||Other debtors||6,000||
||Prepayments andaccruedincome||9,542|196,'167|
||||80,404|245,323|
||||:|:|
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|11|Loansandoverdrafts||||
|---|---|---|---|---|
||||2022t|2021
e|
||Bank loans||,t,o,.|:,*:|
||Payablewithinoneyear||10,000|10,000|
||Payable after oneyear||28,493|38,425|
|12|Creditors: amountsfallingduewithinone year||||
||||2022|2021|
|||Notes|f|t|
||Bank loans|11|10,000|10,000|
||Othertaxationandsocialsecurity||217,O88|166,980|
||Deferred income|'t4||28,320|
||Trade creditors||51,878|23,798|
||Pensionpayable||99,005|118,749|
||Accrualsanddeferredincome||10,068|9,940|
||||388,039|357,787|
|13|Creditors: amountsfallingdueaftermorethanoneyear||||
||||2022|2021|
|||Notes|f|f|
||Bank loans|11|28,493|38,425|
||||:|:|
|14|Deferredincome||||
||||2022|2021|
||||s|€|
||Otherdeferredincome|||28,320|
|||||:|
||Deferred income is includedinthefinancialstatements as follows:||||
||||2022|2021|
||||t|f|
||Deferredincome is included within:||||
||Current liabilities|||28,320|
||||:|:|
||Movementsintheyear:||||
##
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|14|Deferredincome||(Continued)|
|---|---|---|---|
||Deferred incomeat31July2021|28.320||
||Recognisedintheyear||28.320|
||Releasedfromprevious periods|(28,32O)||
||Deferredincome at3OJuly2022||28,320|
||Unrestricted|Restricted|TotalUnrestrictedRestricted|TotalUnrestrictedRestricted|TotalUnrestrictedRestricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2022|2022|2022|2021|2021|2021|
||E|€|€€f|||€|
|Fund balances at 30|||||||
|July 2022 are|||||||
|representedby:|||||||
|Tangible assets|9,330||9,330|3,806||3,806|
|Current assets/(liabi lities)|(242,983)|16,574|(226,409)|(125,463)|19,164|(106,299)|
|Longtermliabilities|(28,493)||(28,493)|(38,425)||(38,425)|
||(262,146)|16,574|(245,572)|(160,082)19,164||(140,918)|
|||:|:::||||
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||2022|2021|
|---|---|---|
||f|f|
|Withinoneyear|t:,'*|t:f:|
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|Related partytransactions|Related partytransactions|Related partytransactions|
|---|---|---|
|The following Trusteesentered intorelatedpartytransactionswithBMT duringtheperiod/year:|||
||30"7.22
t|30.7.21
t|
|D Mansfield|300|840|
|JAtkins|------:-
300|1,080
1.920|
|Cash generatedfrom operations||2022
f|2021
f|
|---|---|---|---|
|Deficit for theyear||(104,654)|(e,255)|
|Adjustmentsfor:||||
|Depreciationandimpairment of tangiblefixedassets||?,727|1,543|
|Movementsinworkingcapital:||||
|Decrease/(increase) in debtors||164,919|(172,624)|
|lncreasein creditors||58,572|112,086|
|(Decrease)/increasein deferred income||(28,32O)|28,320|
|Cash generatedfrom/(absorbedby)operations||93,244|il'')|
|Analysis of changesinnetfunds/(debt)||||
||Al31July2021t|Cashflows
f|At30July2022t|
|Cashatbankandin hand|6,165|75,061|81,226|
|Loansfallingduewithinoneyear|(10,000)||(10,000)|
|Loansfallingdueaftermorethanoneyear|(38,425)|9,932|(28,4e3)|
||(42,260)|84,993|42,733|
|||:|:|