## **Trustees’ Annual Report for the period** **From 1 August 2020 To 31 July 2021** **Charity name: HENLEY MUSIC SCHOOL** **Charity registration number: 1178102** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the
purposes of the charity
as set out in its
governing document|Para 1.17|To advance the education of the public in the
subject of music.| |Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.|Para 1.17 and
1.19|For the public benefit to promote the musical
education of children, young people and by
extension adults regardless of ability, background
or means in such ways as the charity trustees
think fit, including by:
1.
providing bursaries to those who are
otherwise unable to avail themselves of the
musical opportunities that are available;
2.
giving individual music lessons in any
instrument;
3.
running Music School Sunday workshops;
4.
offering free music clubs to state schools;
5.
designing and running music introduction
sessions and fun days within the schools;
6.
providing curriculum support for local state
schools;
7.
organising and running the Henley Young
Musician Competition;
8.
putting on concerts and performances
throughout the year; and
9.
running the Henley Youthful Orchestra for
adult music students who are interested in
performing.| |Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit|Para 1.18|Henley Music School meets the definition of a
public benefit entity under FRS102. The accounts
and the trustees report have both been prepared in
accordance guidance issued by the Charity
Commission| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Henley Music School Individual Bursary Policy
In accordance with the vision and aims of the
charity to provide up to 100% bursaries on fees for
every activity it offers. HMS offers subsidiaries and
or bursaries to identified children.
Henley Music School (HMS) pledges to provide up
to 100% bursaries on fees for every activity it
offers providing certain criteria are met; below is
the HMS policy on awarding a bursary to an
individual.
Director of HMS to have a discussion with head
teacher at the school attended by the child
regarding funding. This discussion would include
seeking clarification on the following types of
criteria:
Child on Pupil Premium
Conversation with parent
Conversation with school
Agreement that bursary is reviewed annually
School aged child
Initial conversation with parent/carer on amount
required
Form to fill in
Proof of address
Copy of Benefit letter or pay slip
Photo ID
Further conversation with head teacher
Agreement that the bursary is reviewed annually
Confirmation of invoice values for Tutor and HMS
Adult learner
Initial conversation with individual on amount
required.
Form to fill in
Proof of address
Copy of Benefit letter or pay slip
Photo ID
Agreement that the bursary is reviewed annually
Confirmation of invoice values for Tutor &
HMS
Autistic learner
Same policy as school aged child.
TERMS OF SUBSIDY/BURSARY
Instruments are kept in good condition
Child has a minimum of 75% attendance rate to
supported activity
Bursary/subsidy will be initially awarded for one full
school year to be reviewed annually.
HMS reserves the right to alter or remove
subsidiary/bursaries having provided 4
weeks’notice| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.|Para 1.20|1.
Provision of bursaries to those who are
otherwise unable to avail themselves of the
musical opportunities that are available: 25
bursaries awarded ranging between 10% –
100%
2.
Individual music lessons given in any
instrument: 106 pupils received lessons in 15
different instruments.
3.
Music School Sunday workshops on hold due
to covid.
4.
Free music clubs offered to state schools
5.
Designing and running music introduction
sessions and fun days within the schools: Most
instruments represented across all schools.
6.
Provision of curriculum support for local state
schools: 1 school 100% bursary and 2 schools
at reduced rates.
7.
Organisation and running of the Henley Young
Musician Competition: annual competition not
run this year due to covid.
8.
Concerts and performances throughout the
year:
Living Advent* performances by all Henley
Music School groups open to the public, free of
charge
Gala performance* open to the public
(donations requested but not mandatory);
Selected groups represented HMS at Schools
Together festival*, Henley Shopping evening*,
Henley Symphony Orchestra open evening*,
Huntercombe Golf Club Members evening*,
Henley Youth Festival* and the Henley Santa
Fun Run*.
*_event not held this year due to covid_;
9.
Running the Henley Youthful Orchestra for
adult music students who are interested in
performing, including performances at the
Living Advent, local fetes and supporting the
HMS gala concert (all open to the public).
_Rehearsals not held this year due to covid;_| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the
end of the period|Para 1.21|In this year the charity received funding and
income from charitable activities totalling of
£41,571 and after costs of providing tuition this
resulted in a deficit of £626.| |Statement explaining
the policy for holding
reserves stating why
they are held|Para 1.22|The income and property of the CIO must be
applied solely towards the promotion of the
objects.
Reserves are held in order to be able to provide
ongoing training and support to the clients should
there be a short-term funding shortfall and would
sustain operations for up to three months whilst
other sources of funding were secured.| |Amount of reserves held|Para 1.22|Reserves are held at yearend totalling £16,396
being a £2,118 surplus from this the first year since
the charity was registered and £14,278 brought
into the charity on the transfer of operations from
Henley Music School CIC (£12,324 of deferred
income and £1,954 of reserves)| |Reasons for holding
zero reserves|Para 1.22|| |Details of fund materially
in deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document|Para 1.25|CIO – FOUNDATION| |How is the charity
constituted?|Para 1.25|CHARITABLE INCORPORATED ORGANISATION
(CIO)| |Trustee selection
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees|Para 1.25|Appointed for a term of three years by a resolution
passed at a properly convened meeting of the
charity trustees.| ## **Reference and Administrative details** |Charity name|HENLEY MUSIC SCHOOL| |---|---| |
Other name the charity uses|| |Registered charity number|1178102| |
Charity’s principal address|9 Damer Gardens
Henley on Thames
RG9 1HX| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**
**Nam**
**e of**
**pers**
**on**
**(or**
**bod**
**y)**
**entit**
**led**
**to**
**app**
**oint**
**trust**
**ee**
**(if**
**any)**| |---|---|---|---| ||GLEN LAMBERT|Chair|| ||ISOBEL HARRIS|Treasurer|| ||GLORIA WALKER||FROM MARCH 2021| ||IAN HOLLIDAY||FROM MARCH 2021| ||HELEN GAYNOR||FROM FEBRUARY 2021| ||||| ||||| ||||| ||||| ||||| ## **Name of chief executive or names of senior staff members (Optional information)** Laura Nicola Reineke - CEO ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** **Signature(s)** Isobel Harris **Full name(s)** Isobel Haris **Position (eg Secretary,** Treasurer **Chair, etc) Date** 03/07/2022 Charity number.. 1178102 Henley Musi¢ Sd)ool CIO Report of the Trustees and Unaudited Finanaal Ststements For the year ended 31 July 2021 Accouqtiog Henley Music School CIO Contents Page For the year ended 31 July 2021 Independent Examine¢s Report lo the Trustees Stslemenl of Finanual Actiwties Statement of Finanual Position Nol88 to th8 Flnancial Stat8mentg 4t06 Detailed Stalernenl of Fina￿1?1 Activitigs Henley Music School CIO Report of the Trustees For the year ended 31 July 2021 I rep(Kt to the trustees on my examinatKrfTr of Ihe accounts of the charity for the year ended 31 Juty 2021. R•sponslbllltlo$ and basls of rnport As the charily Irustees. you are reSF￿s1tAe for the Kwarntion of the ￿)Unts in accordart8 th8 requirements of thi Chartties Act 2011 Iyhe 2011 Art). I report in respect of my examination of the charitys accounts carried ¢xrt under sectKJn 145 of the 2011 Act and in carrwTh t my examination I have fcdlowed all the applicablg DiT￿t#￿S gfven by Ih8 Ctwity Commission uThJer sectson 145{5llb) c the Act. Inde￿ndent •xJmln•rn st•t•m•nt I have completed my examinabon. I confirm that rv) matters havo wne to my attentN)n in (￿nn•¢t￿n wlth the examina￿On giving me cause to believe that in any material respect- 1. accounting records were rbot kept in respect of the Charlty 0$ required by SeCtk￿ 130 of ￿ 2011 ACL. or 2. the accounts do not accord those records: or 3. the accounts do not comply ¥Mth the applicable requlr6nths rA)ncernlw the fonn aThd content of accounts sel out In the Charities {Accounts and Reports) Regulations 2008 other than any requlrem8nt that the accounts grve a Irue and fair vlth which is not a matter considered as part of an indeperKlent examinatw. I have no concerns and have come ￿(0$5 no other matters in C￿neCtIon wlh the examinatim to attents'on should bg drawn In Ihls report in order lo enatAe a proper understandiry ol thg accounts to be reached. ACS Acco ng {8erkshirel Ltd Chartered Management Ae£ountants Suite 3 Market House 1921 Market Place Woklngham RG40 1AP 13 May 2022 1of7 Henley Music School CIO Statement of Financial Activities For the year ended 31 July 2021 Unrestrlcted funds 2021 Incom• and •ndowm•nts Irom: Donations aThl legacies Charitable actlvitles Muslc Education Investments Other Interest recelvable Total 41,571 77.826 10.398 41,571 88.229 Expenditure on: Charitable activities Music Education Total (42,197) 142,197) 162,169 162,169 N•t InCom•loxpondl￿r* R•conclllatlon of fund• Total funds brought lO￿ard Total fund• c•rrl•d foN•rd 1626) 28,060 42.456 41.830 16,396 42,456 2of7 Henley Music School CIO Statement of Financial Position As at 31 July 2021 2021 2021 Curront assets Cash at bank and in hand 44,878 •A,878 (3.048) 43.656 43,656 11,2C Cr•dltor¥: amounts falllng du• wlthln on• >*ar Net curront assets Total assets loss ¢urr•nt Ilabllltl•s 41,830 41.830 42.456 42,456 42,4S6 Net asuts 41,830 funds of the charlty Unreslricled Income lunds Total fun 41.830 41.830 42.456 42,456 The financlal slalements ￿Te approved aThJ auth(xised lor issue by lh8 Boanl and signed on Ils behalf by. Isobel Harris Trustee 13 May 2022 3of7 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2021 1. Accountlng Pollcles 8a$ls of accountlng The financial statements have been prepared under the hIst￿lCa1 c£6t conventM)n. except for investments which are included al mad(et value and the revaluation of certain fLxed assets and in ac￿rdanCe %Mth the Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Prath"ce applicable lo charities preparing Ihelr aGcounts in accordance byilh the Financial ReporliThJ Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.. Financial Re￿tIng Standard 102 Ihè Financial Re￿MIng Standard atwlicable in tha UK and Republic of IrelarKI {FRS 102}. and Ihe Charities Act 2011. Henley Music School CIO meets the definthon of a publK benefft entity under FRS 102. Assets and liabilities are initsally recognised al historical cosl or transaction value unless otherwise stated in the relevant accounting policy nolelsl. stst•ment of cash flo The Trustees have taken advantage of the exempti￿ in SORP FRS 102 frixn Incluthng a Gash Ik)w statement in the rinanclal stslements on the grwnds that tho ¢hadty 1$ sm&4. Fund• Roserves are held al yearend lotalling £16.396 being a £2.118 surplus from this the firsl year since the charfty was registered and £14.278 brought into the tharily on the transfer of operation5 from Henley Music Schcw)I CIC1£12,324 of deferred Income and £1,954 of reserves) Incomlng r••our¢•s All Incomlng resources are induded in tr￿ statement of finandal acllvtties vthen the Charity Is entlded to thè ine4)mé and the amcAJnl can be quanlffied rea80nable ￿uracy. The frAI(Ming 8p8crfk p)Ik4'e3 arn appll8d lo partlcular categories of Income.. RM¢)ur¢•s •xpend•d Liabilili&s are reco9nised as resources expend￿ when there18 a *al or construcilve obligallon commltting the Charfty l( the gxpendilure.. 2. Incomo from donatlons and l•gad 2021 2021 Unro•trlct•d fund• tlonalions received Legacigs r￿r￿1Ved 33,867 7,704 51,176 26,650 41,571 77,826 3. Not Incomel{•xpondSturel for the year This is stated after chargIn￿{creditIngl= 2021 2021 Accountancy fees Stsff pens￿￿ ￿ntrI1￿￿On5 792 739 713 760 4of7 Henley Music School CIO Notes to the Financial Statements Continued For the year ended 31 July 2021 4. Staff costs and •molumwbts Total staff c0515 for the year ended 31 July 2021 were: 2021 2021 Salaries a￿1 wages Soc181 security costs Pension costs 34,071 45,956 1,384 760 713 34,784 48,100 2021 Operations 5. Comparat1￿ for th• Stal•m•nt of Flnanclal ktlvltl The comparallve year value¥ ￿ the ststeTh￿nt of Fln•ncbo1 Actswte¥ unTe$trkted funds. 6. Cr•dltors: •mounts f•lllng du• wlthln on• 2021 2021 Trade credltorn Other credltors Accruals and deferred kncome 2,174 792 739 1.200 7. Movom•n¢ In fund* Unro8trl¢t•d Funds 8alanc• •t 0110&I2020 In￿nIng Outgolng 8alanc• a r•%Juru• 311071202. General Ger￿ra1 42.4 41,571 (42,197) 41.830 41,571 (42,1971 41.830 5of7 Henley Music School CIO Notes to the Financial Statements Continued For the year ended 31 July 2021 UnrgStrlct8d Funds- Pravlous ￿ar Balance at 0110W2019 Incomlng r•sources Outgoing resources Balanc• a 3110712021 Gen&rnl Gener81 Mem)aid 16.396 65.189 23.040 (58,117} (4.052} 23,468 18,988 16.396 88,229 162,169) 42,456 Purpo•• of unrestrlctsd Fund• Mermald The income and property ol the CIO musl be applSed solely ttrwards Ihe promlhjn of the oblects being In short the promotion of musical education for children. young people and by extens￿ adults regardless of abllily. These funds were raised as a result of a one off fund rising activty of a cross channel swim. General The income and propety of the CIO musl b8 ap￿1￿￿ trA￿rdS the promotion of the obfrects beity in slhjrt tho promotlM of musical education lor children. ￿Ung people ar￿ by ext8n$iM adults regardless of ability . Anal￿1• of n•t a•#•ts b•tw••n fvnd• N•t ¢urr•nt N•t A•••t,. a•••ts I {lknbllltb••l Unr••trlct•d funds General General 41,830 41,830 41,830 41.830 Prnvlous yoar N•t cumint N•t Av•t, (l￿bIlItI•$I Unre8trlct•d funds G&n&rdl General 42,456 42.456 42.456 6of7 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2021 2021 2020 INCOME AND ENDOWMENT Donatlons and 1ogaclo9 Donatlons & grants Memaid Swm Fund Raising 33.867 7.704 S1.176 26.650 41.571 77.826 Chailtabl• actlvltl•s Income from charitable activities 10.398 10.398 Inv•stm•nts other interest receivable Total Incomlng rn•our¢•• EXPENDITURE Charltabl• actlvftt•• Direct costs Tutor costs Mermaid Costs in¢urrad 41,571 88,229 1832) (4,071) 18251 (14,4561 14.0521 (4,903} (19.3331 SUPPORT COSTS Manag•monl Staff costs - wages & salade8 Staff costs - swal security costs staff c0515 - pen¥ion ¢￿tributiO {30,OCrf)) (31,500) (1,384} 1760} (713) 130.7131 (33,6441 Go￿rn4n¢• ¢osts Govemance costs Accountsncy fees Legal and professional fees Premises cos15 Motor 8MJ travel expenses Other office costs Other finance c051s Insurance Bursary costs Sundry marketing 8c*Jkkeeplng Costs Telephone & Internet (792) 1407) (780) 1308? (325) 141 (8911 (2,335) {85) 17391 {1,2051 18451 11771 {2.5621 {1.173) 19611 1594) 1623} 1313) (354) (6,581 19,1921 Total r•sourcM OXPWKkd 142,197> (62.1691 Net EX￿ndItUrn (626 26.060 7of7 This page does form wt of the statuw finanud state￿￿nts Charity number.. 1178102 Henley Musi¢ Sd)ool CIO Report of the Trustees and Unaudited Finanaal Ststements For the year ended 31 July 2021 Accouqtiog Henley Music School CIO Contents Page For the year ended 31 July 2021 Independent Examine¢s Report lo the Trustees Stslemenl of Finanual Actiwties Statement of Finanual Position Nol88 to th8 Flnancial Stat8mentg 4t06 Detailed Stalernenl of Fina￿1?1 Activitigs Henley Music School CIO Report of the Trustees For the year ended 31 July 2021 I rep(Kt to the trustees on my examinatKrfTr of Ihe accounts of the charity for the year ended 31 Juty 2021. R•sponslbllltlo$ and basls of rnport As the charily Irustees. you are reSF￿s1tAe for the Kwarntion of the ￿)Unts in accordart8 th8 requirements of thi Chartties Act 2011 Iyhe 2011 Art). I report in respect of my examination of the charitys accounts carried ¢xrt under sectKJn 145 of the 2011 Act and in carrwTh t my examination I have fcdlowed all the applicablg DiT￿t#￿S gfven by Ih8 Ctwity Commission uThJer sectson 145{5llb) c the Act. Inde￿ndent •xJmln•rn st•t•m•nt I have completed my examinabon. I confirm that rv) matters havo wne to my attentN)n in (￿nn•¢t￿n wlth the examina￿On giving me cause to believe that in any material respect- 1. accounting records were rbot kept in respect of the Charlty 0$ required by SeCtk￿ 130 of ￿ 2011 ACL. or 2. the accounts do not accord those records: or 3. the accounts do not comply ¥Mth the applicable requlr6nths rA)ncernlw the fonn aThd content of accounts sel out In the Charities {Accounts and Reports) Regulations 2008 other than any requlrem8nt that the accounts grve a Irue and fair vlth which is not a matter considered as part of an indeperKlent examinatw. I have no concerns and have come ￿(0$5 no other matters in C￿neCtIon wlh the examinatim to attents'on should bg drawn In Ihls report in order lo enatAe a proper understandiry ol thg accounts to be reached. ACS Acco ng {8erkshirel Ltd Chartered Management Ae£ountants Suite 3 Market House 1921 Market Place Woklngham RG40 1AP 13 May 2022 1of7 Henley Music School CIO Statement of Financial Activities For the year ended 31 July 2021 Unrestrlcted funds 2021 Incom• and •ndowm•nts Irom: Donations aThl legacies Charitable actlvitles Muslc Education Investments Other Interest recelvable Total 41,571 77.826 10.398 41,571 88.229 Expenditure on: Charitable activities Music Education Total (42,197) 142,197) 162,169 162,169 N•t InCom•loxpondl￿r* R•conclllatlon of fund• Total funds brought lO￿ard Total fund• c•rrl•d foN•rd 1626) 28,060 42.456 41.830 16,396 42,456 2of7 Henley Music School CIO Statement of Financial Position As at 31 July 2021 2021 2021 Curront assets Cash at bank and in hand 44,878 •A,878 (3.048) 43.656 43,656 11,2C Cr•dltor¥: amounts falllng du• wlthln on• >*ar Net curront assets Total assets loss ¢urr•nt Ilabllltl•s 41,830 41.830 42.456 42,456 42,4S6 Net asuts 41,830 funds of the charlty Unreslricled Income lunds Total fun 41.830 41.830 42.456 42,456 The financlal slalements ￿Te approved aThJ auth(xised lor issue by lh8 Boanl and signed on Ils behalf by. Isobel Harris Trustee 13 May 2022 3of7 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2021 1. Accountlng Pollcles 8a$ls of accountlng The financial statements have been prepared under the hIst￿lCa1 c£6t conventM)n. except for investments which are included al mad(et value and the revaluation of certain fLxed assets and in ac￿rdanCe %Mth the Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Prath"ce applicable lo charities preparing Ihelr aGcounts in accordance byilh the Financial ReporliThJ Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.. Financial Re￿tIng Standard 102 Ihè Financial Re￿MIng Standard atwlicable in tha UK and Republic of IrelarKI {FRS 102}. and Ihe Charities Act 2011. Henley Music School CIO meets the definthon of a publK benefft entity under FRS 102. Assets and liabilities are initsally recognised al historical cosl or transaction value unless otherwise stated in the relevant accounting policy nolelsl. stst•ment of cash flo The Trustees have taken advantage of the exempti￿ in SORP FRS 102 frixn Incluthng a Gash Ik)w statement in the rinanclal stslements on the grwnds that tho ¢hadty 1$ sm&4. Fund• Roserves are held al yearend lotalling £16.396 being a £2.118 surplus from this the firsl year since the charfty was registered and £14.278 brought into the tharily on the transfer of operation5 from Henley Music Schcw)I CIC1£12,324 of deferred Income and £1,954 of reserves) Incomlng r••our¢•s All Incomlng resources are induded in tr￿ statement of finandal acllvtties vthen the Charity Is entlded to thè ine4)mé and the amcAJnl can be quanlffied rea80nable ￿uracy. The frAI(Ming 8p8crfk p)Ik4'e3 arn appll8d lo partlcular categories of Income.. RM¢)ur¢•s •xpend•d Liabilili&s are reco9nised as resources expend￿ when there18 a *al or construcilve obligallon commltting the Charfty l( the gxpendilure.. 2. Incomo from donatlons and l•gad 2021 2021 Unro•trlct•d fund• tlonalions received Legacigs r￿r￿1Ved 33,867 7,704 51,176 26,650 41,571 77,826 3. Not Incomel{•xpondSturel for the year This is stated after chargIn￿{creditIngl= 2021 2021 Accountancy fees Stsff pens￿￿ ￿ntrI1￿￿On5 792 739 713 760 4of7 Henley Music School CIO Notes to the Financial Statements Continued For the year ended 31 July 2021 4. Staff costs and •molumwbts Total staff c0515 for the year ended 31 July 2021 were: 2021 2021 Salaries a￿1 wages Soc181 security costs Pension costs 34,071 45,956 1,384 760 713 34,784 48,100 2021 Operations 5. Comparat1￿ for th• Stal•m•nt of Flnanclal ktlvltl The comparallve year value¥ ￿ the ststeTh￿nt of Fln•ncbo1 Actswte¥ unTe$trkted funds. 6. Cr•dltors: •mounts f•lllng du• wlthln on• 2021 2021 Trade credltorn Other credltors Accruals and deferred kncome 2,174 792 739 1.200 7. Movom•n¢ In fund* Unro8trl¢t•d Funds 8alanc• •t 0110&I2020 In￿nIng Outgolng 8alanc• a r•%Juru• 311071202. General Ger￿ra1 42.4 41,571 (42,197) 41.830 41,571 (42,1971 41.830 5of7 Henley Music School CIO Notes to the Financial Statements Continued For the year ended 31 July 2021 UnrgStrlct8d Funds- Pravlous ￿ar Balance at 0110W2019 Incomlng r•sources Outgoing resources Balanc• a 3110712021 Gen&rnl Gener81 Mem)aid 16.396 65.189 23.040 (58,117} (4.052} 23,468 18,988 16.396 88,229 162,169) 42,456 Purpo•• of unrestrlctsd Fund• Mermald The income and property ol the CIO musl be applSed solely ttrwards Ihe promlhjn of the oblects being In short the promotion of musical education for children. young people and by extens￿ adults regardless of abllily. These funds were raised as a result of a one off fund rising activty of a cross channel swim. General The income and propety of the CIO musl b8 ap￿1￿￿ trA￿rdS the promotion of the obfrects beity in slhjrt tho promotlM of musical education lor children. ￿Ung people ar￿ by ext8n$iM adults regardless of ability . Anal￿1• of n•t a•#•ts b•tw••n fvnd• N•t ¢urr•nt N•t A•••t,. a•••ts I {lknbllltb••l Unr••trlct•d funds General General 41,830 41,830 41,830 41.830 Prnvlous yoar N•t cumint N•t Av•t, (l￿bIlItI•$I Unre8trlct•d funds G&n&rdl General 42,456 42.456 42.456 6of7 Henley Music School CIO Notes to the Financial Statements For the year ended 31 July 2021 2021 2020 INCOME AND ENDOWMENT Donatlons and 1ogaclo9 Donatlons & grants Memaid Swm Fund Raising 33.867 7.704 S1.176 26.650 41.571 77.826 Chailtabl• actlvltl•s Income from charitable activities 10.398 10.398 Inv•stm•nts other interest receivable Total Incomlng rn•our¢•• EXPENDITURE Charltabl• actlvftt•• Direct costs Tutor costs Mermaid Costs in¢urrad 41,571 88,229 1832) (4,071) 18251 (14,4561 14.0521 (4,903} (19.3331 SUPPORT COSTS Manag•monl Staff costs - wages & salade8 Staff costs - swal security costs staff c0515 - pen¥ion ¢￿tributiO {30,OCrf)) (31,500) (1,384} 1760} (713) 130.7131 (33,6441 Go￿rn4n¢• ¢osts Govemance costs Accountsncy fees Legal and professional fees Premises cos15 Motor 8MJ travel expenses Other office costs Other finance c051s Insurance Bursary costs Sundry marketing 8c*Jkkeeplng Costs Telephone & Internet (792) 1407) (780) 1308? (325) 141 (8911 (2,335) {85) 17391 {1,2051 18451 11771 {2.5621 {1.173) 19611 1594) 1623} 1313) (354) (6,581 19,1921 Total r•sourcM OXPWKkd 142,197> (62.1691 Net EX￿ndItUrn (626 26.060 7of7 This page does form wt of the statuw finanud state￿￿nts